The Resource A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan
A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan
Resource Information
The item A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.
This item is available to borrow from 1 library branch.
- Summary
- Was the postcrisis growth slowdown in Central, Eastern and Southeastern Europe (CESEE) structural or cyclical? We use three different methods-production function approach, basic multivariate filter, and multivariate filter with financial frictions-to evaluate potential growth and output gaps for 18 CESEE countries during 2000-15. Our findings suggest that potential growth weakened significantly after the crisis across most countries in the region. This decline appears to be largely due to stagnant productivity and weaker capital accumulation, which were associated with common external factors, including trading partners' slow potential growth, but also decline in global trade and stalled expansion of global value chains. Our estimates suggest that output gaps in 2015 were largely closed in many countries in the region
- Language
- eng
- Extent
- 1 online resource (38 pages)
- Contents
-
- Cover; Contents; Abstract; I. Introduction; II. Methodology; A. HP Filter; B. Multivariate Filtering Approach; C. Multivariate Filter with Financial Frictions; D. Production Function Approach; E. How can different approaches be reconciled?; III. Results; A. Potential Growth and its Drivers; B. How Large Were Output Gaps in 2015?; IV. Conclusions; References; FIGURES; 1. CESEE EU: Comovement of Cyclical Variables; 2: Information used in Different Methods of Estimating Potential Output; 3. CESEE: Potential Growth Estimates; 4. CESEE: Common and Idiosyncratic Factors of Potential Growth
- 5. CESEE: Output Gap Estimates Using Different Methodologies6. CESEE: Potential Growth Estimates Using Different Methodologies; 7. Output Gaps in 2015; 8. Inflation rates; TABLES; 1. Correlations between intensity measures of capital and labor utilization; 2. CESEE: Output Gap Estimates, 2015 (percent of potential output); 3. CESEE: Potential Growth Estimates, 2015 (y-o-y, percent); APPENDICES; A.A comparison of output gap estimates using different indicators to identify; B. CESEE Countries' Potential Growth and Output Gaps
- C. CESEE Countries' Potential Growth Decomposition (using production function approach)D. Decomposing Potential Growth into Common and Idiosyncratic; E. Data Sources and Variables Used for each Methodology
- Isbn
- 9781475584592
- Label
- A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries
- Title
- A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries
- Statement of responsibility
- by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan
- Language
- eng
- Summary
- Was the postcrisis growth slowdown in Central, Eastern and Southeastern Europe (CESEE) structural or cyclical? We use three different methods-production function approach, basic multivariate filter, and multivariate filter with financial frictions-to evaluate potential growth and output gaps for 18 CESEE countries during 2000-15. Our findings suggest that potential growth weakened significantly after the crisis across most countries in the region. This decline appears to be largely due to stagnant productivity and weaker capital accumulation, which were associated with common external factors, including trading partners' slow potential growth, but also decline in global trade and stalled expansion of global value chains. Our estimates suggest that output gaps in 2015 were largely closed in many countries in the region
- Cataloging source
- EBLCP
- http://library.link/vocab/creatorDate
- 1976-
- http://library.link/vocab/creatorName
- Podpiera, Jiří
- Dewey number
- 330.943
- Index
- no index present
- LC call number
- HC244
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://library.link/vocab/relatedWorkOrContributorName
-
- Raei, Faezeh
- Stepanyan, Ara
- Series statement
- IMF Working Papers,
- http://library.link/vocab/subjectName
-
- Europe, Central
- Europe, Eastern
- Balkan Peninsula
- BUSINESS & ECONOMICS
- BUSINESS & ECONOMICS
- Economic history
- Balkan Peninsula
- Central Europe
- Eastern Europe
- Label
- A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- Cover; Contents; Abstract; I. Introduction; II. Methodology; A. HP Filter; B. Multivariate Filtering Approach; C. Multivariate Filter with Financial Frictions; D. Production Function Approach; E. How can different approaches be reconciled?; III. Results; A. Potential Growth and its Drivers; B. How Large Were Output Gaps in 2015?; IV. Conclusions; References; FIGURES; 1. CESEE EU: Comovement of Cyclical Variables; 2: Information used in Different Methods of Estimating Potential Output; 3. CESEE: Potential Growth Estimates; 4. CESEE: Common and Idiosyncratic Factors of Potential Growth
- 5. CESEE: Output Gap Estimates Using Different Methodologies6. CESEE: Potential Growth Estimates Using Different Methodologies; 7. Output Gaps in 2015; 8. Inflation rates; TABLES; 1. Correlations between intensity measures of capital and labor utilization; 2. CESEE: Output Gap Estimates, 2015 (percent of potential output); 3. CESEE: Potential Growth Estimates, 2015 (y-o-y, percent); APPENDICES; A.A comparison of output gap estimates using different indicators to identify; B. CESEE Countries' Potential Growth and Output Gaps
- C. CESEE Countries' Potential Growth Decomposition (using production function approach)D. Decomposing Potential Growth into Common and Idiosyncratic; E. Data Sources and Variables Used for each Methodology
- Control code
- 979108706
- Dimensions
- unknown
- Extent
- 1 online resource (38 pages)
- Form of item
- online
- Isbn
- 9781475584592
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781475578980.001
- Specific material designation
- remote
- System control number
- (OCoLC)979108706
- Label
- A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
-
- Cover; Contents; Abstract; I. Introduction; II. Methodology; A. HP Filter; B. Multivariate Filtering Approach; C. Multivariate Filter with Financial Frictions; D. Production Function Approach; E. How can different approaches be reconciled?; III. Results; A. Potential Growth and its Drivers; B. How Large Were Output Gaps in 2015?; IV. Conclusions; References; FIGURES; 1. CESEE EU: Comovement of Cyclical Variables; 2: Information used in Different Methods of Estimating Potential Output; 3. CESEE: Potential Growth Estimates; 4. CESEE: Common and Idiosyncratic Factors of Potential Growth
- 5. CESEE: Output Gap Estimates Using Different Methodologies6. CESEE: Potential Growth Estimates Using Different Methodologies; 7. Output Gaps in 2015; 8. Inflation rates; TABLES; 1. Correlations between intensity measures of capital and labor utilization; 2. CESEE: Output Gap Estimates, 2015 (percent of potential output); 3. CESEE: Potential Growth Estimates, 2015 (y-o-y, percent); APPENDICES; A.A comparison of output gap estimates using different indicators to identify; B. CESEE Countries' Potential Growth and Output Gaps
- C. CESEE Countries' Potential Growth Decomposition (using production function approach)D. Decomposing Potential Growth into Common and Idiosyncratic; E. Data Sources and Variables Used for each Methodology
- Control code
- 979108706
- Dimensions
- unknown
- Extent
- 1 online resource (38 pages)
- Form of item
- online
- Isbn
- 9781475584592
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781475578980.001
- Specific material designation
- remote
- System control number
- (OCoLC)979108706
Subject
- BUSINESS & ECONOMICS -- Reference
- Balkan Peninsula
- Balkan Peninsula -- Economic conditions
- Central Europe
- Eastern Europe
- Economic history
- Europe, Central -- Economic conditions -- 1989-
- Europe, Eastern -- Economic conditions -- 1989-
- Since 1989
- BUSINESS & ECONOMICS -- Economics | General
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.umsl.edu/portal/A-Fresh-Look-at-Potential-Output-in-Central/Eov22RnFEx8/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.umsl.edu/portal/A-Fresh-Look-at-Potential-Output-in-Central/Eov22RnFEx8/">A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.umsl.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.umsl.edu/">University of Missouri-St. Louis Libraries</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.umsl.edu/portal/A-Fresh-Look-at-Potential-Output-in-Central/Eov22RnFEx8/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.umsl.edu/portal/A-Fresh-Look-at-Potential-Output-in-Central/Eov22RnFEx8/">A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.umsl.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.umsl.edu/">University of Missouri-St. Louis Libraries</a></span></span></span></span></div>
