Gateway to Think Tanks
来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP14527 |
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 |
URL | https://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. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。