G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14527
DP14527 Subdued Potential Growth: Sources and Remedies
Sinem Kilic Celik; M. Ayhan Kose; Franziska Ohnsorge
发表日期2020-03-24
出版年2020
语种英语
摘要Global potential output growth has been flagging. At 2.5 percent in 2013-17, post-crisis potential growth is 0.5 percentage point below its longer-term average and 0.9 percentage point below its average a decade ago. Compared with a decade ago, potential growth has declined 0.8 percentage point in advanced economies and 1.1 percentage point in emerging market and developing economies. The slowdown mainly reflected weaker capital accumulation but is also evidence of decelerating productivity growth and demographic trends that dampen labor supply growth. Unless countered, these forces are expected to continue and to depress global potential growth further by 0.2 percentage point over the next decade. A menu of policy options is available to help reverse this trend, including comprehensive policy initiatives to lift physical and human capital and to encourage labor force participation by women and older workers.
主题International Macroeconomics and Finance
关键词Potential growth Potential output Advanced economies Emerging market and developing economies
URLhttps://cepr.org/publications/dp14527
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/543431
推荐引用方式
GB/T 7714
Sinem Kilic Celik,M. Ayhan Kose,Franziska Ohnsorge. DP14527 Subdued Potential Growth: Sources and Remedies. 2020.
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