ABSTRACT

This paper contributes to the debate surrounding supply-oriented and demand-oriented growth theories. By investigating the link between changes in the rate of resource utilization, the volume of imports and the growth of productivity, it aims at providing a better understanding of the mechanisms that reconcile supply and demand in the long-term. The results point to a demand determination of economic growth, with the burden of adjustment falling over the potential rate of growth. Increases in the rate of resource utilization seem to have a positive effect on productivity and no effect on the volume of imports.

中文翻译：

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调和供需：实际和潜在增长率之间调整机制的新证据

摘要

本文有助于围绕供应导向型和需求导向型增长理论展开辩论。通过调查资源利用率变化、进口量和生产率增长之间的联系，旨在更好地理解长期调节供需的机制。结果表明经济增长由需求决定，调整负担低于潜在增长率。资源利用率的提高似乎对生产率有积极影响，但对进口量没有影响。