Estimación del PBI potencial para los países de la Alianza del Pacífico:1961-2020

Abstract

Potential GDP measures the sustained growth that an economy can achieve in the long term through the efficient use of production factors. In particular, if we analyze the potential GDP of the countries of the Pacific Alliance bloc (Chile, Colombia, Mexico and Peru), these have been moderating in recent years, associated with structural factors such as the stagnation in gains in competitiveness and productivity , and cyclical factors that are influenced to a certain extent by economic imbalances.Added to this, the expansion of COVID-19 worldwide would further exacerbate the deterioration of the potential GDP growth of the countries of the Pacific Alliance in 2020. In this sense, the objective of this research is to estimate the potential GDP through the production function methodology, which will allow us to analyze the dynamics of potential growth through its components i) capital stock, ii) labor force, and iii ) total factor productivity.

Keywords

• potential gdp
• total factor productivity
• covid 19
• pacific alliance