Potential growth
The potential growth is a concept of Macroéconomie indicating the calculation of the rate of Economic growth of an economy on the basis of statistical or structural estimate. The variation noted between the potential growth and that actually carried out constitutes the variation of production, also called Décalage of the economic situation (of English output gap ).
The potential growth thus seeks to estimate what could be the growth of an economy on the basis of its factors of production, of the last tendency or on the basis of model of the economy.
The lack of clarification of the growth factors in the statistical estimates on the one hand, the lack of robustness of the models used on the other hand, make delicate the use of this indicator.
Notes and references of the article
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