Modeling with Limited Data : Estimating Potential Growth in Cambodia

Author/Editor: Phurichai Rungcharoenkitkul
Publication Date: April 01, 2012
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: This paper proposes a framework to analyze long-term potential growth that combines a simple quantitative model with an investigative approach of ‘growth diagnostics’. The framework is used to forecast potential growth for Cambodia, and to conduct simulations about the main drivers of growth in that country. The main result is that Cambodia compares less favorably against other lower-income Asian economies in terms of its investment rate, which in turn is constrained by the poor quality of its infrastructure. Bridging this gap can lift Cambodia’s potential growth by more than one percentage point.
Series: Working Paper No. 12/96
Subject(s): Economic growth | Economic models | Production growth

Author's Keyword(s): Potential output | Cambodia | growth diagnostics
Publication Date: April 01, 2012
ISBN/ISSN: 9781475502862/1018-5941 Format: Paper
Stock No: WPIEA2012096 Pages: 18
US$18.00 (Academic Rate:
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