Estimating South Africa's Output Gap and Potential Growth Rate
Abstract
This paper estimates the potential output of the South African economy using several filters. We demonstrate that potential output measures are very sensitive to the different methodologies. We also provide estimates of South Africa's potential growth rate over the 1960–2015 period. Current estimates of the potential growth rate fall in the 1.9%–2.3% range. However, the evidence suggests that the rate is under considerable downward pressure....
Paper Details
Title
Estimating South Africa's Output Gap and Potential Growth Rate
Published Date
Feb 14, 2017
Volume
85
Issue
2
Pages
161 - 177
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