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Working Paper 04-15 - Potential output growth in Belgium since the crisis - Lower and more uncertain

Author

Listed:
  • Igor Lebrun

Abstract

The uncertainty surrounding the estimates of potential output has risen in the euro area countries since the outbreak of the financial crisis. Moreover, potential growth in the euro area has fallen since 2009. In this working paper we examine both phenomena for Belgium based on potential GDP estimates produced by the Federal Planning Bureau. We also analyse the evolution of the three main underlying determinants of potential growth, namely the contribution of labour, capital and total factor productivity.

Suggested Citation

  • Igor Lebrun, 2015. "Working Paper 04-15 - Potential output growth in Belgium since the crisis - Lower and more uncertain," Working Papers 201504, Federal Planning Bureau, Belgium.
    • Handle: RePEc:fpb:wpaper:201504
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    More about this item

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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