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Producto Potencial y Brecha del Producto en Nicaragua
[Potential output and output gap in Nicaragua]

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  • Urbina, Jilber

Abstract

This work presents several estimations of Nicaraguan potential output. Results show that both, observed output and potential output are growing steadily. Potential output registered, on average, 3.41% in its growth rate for the period 2000-2013, meanwhile, observed output growths at 3.38% for the same time span. Specifically, the average potential growth was 4.59% in 2013 which fluctuates between a minimum value of 4.39% and a maximum of 4.80%. It was determined that the output gap is not statistically different from zero, which implies that domestic inflation is determined by factors other than the pressures generated via aggregate demand.

Suggested Citation

  • Urbina, Jilber, 2014. "Producto Potencial y Brecha del Producto en Nicaragua [Potential output and output gap in Nicaragua]," MPRA Paper 75592, University Library of Munich, Germany, revised Dec 2015.
    • Handle: RePEc:pra:mprapa:75592
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    References listed on IDEAS

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    Cited by:

    1. Urbina, Jilber, 2016. "Crecimiento del crédito en Nicaragua, ¿Crecimiento natural o boom crediticio? [Credit growth in Nicaragua: Natural growth or credit boom?]," MPRA Paper 75577, University Library of Munich, Germany, revised Nov 2016.

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    More about this item

    Keywords

    Potential output; output gap; economic growth.;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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