Long-Run Growth Forecasting

• Main Author: Bergheim, Stefan (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2008.
• Subjects: Macroeconomics.; Development economics.; Economic growth.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Growth.; Development Economics.

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...

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.