Long-Run Growth Forecasting

This book explores how to set up an empirical model that helps with forecasting long-term economic growth in a large number of countries. It offers a systematic approach to models of potential GDP that can also be used for forecasts of more than a decade. It is an attempt to fill the wide gap betwee...

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Main Author: Bergheim, Stefan. (Author, http://id.loc.gov/vocabulary/relators/aut)
Corporate Author: SpringerLink (Online service)
Language:English
Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2008.
Edition:1st ed. 2008.
Subjects:
Online Access:https://doi.org/10.1007/978-3-540-77680-2
Table of Contents:
  • The importance of long-run growth analysis
  • Assessment of growth theories
  • The dependent variable: GDP growth
  • Labor input
  • Physical capital
  • Human capital
  • Openness
  • Spatial linkages
  • Other determinants of GDP
  • The theory of forecasting
  • The evolution of growth empirics
  • Estimation results
  • Forecast competitions and 2006-2020 forecasts
  • Conclusion and outlook.