Authors:
Addresses issues up to now unanswered in the academic literature. GDP forecasts for the years 2006 to 2020 for 40 countries are derived in a transparent way
Excellent overview of growth theories and empirical techniques used in the growth literature - with assessments of the strengths and weaknesses in light of the empirical results
With pictures of all the underlying data used and illustrations of many of the bilateral relationships between key variables
Includes supplementary material: sn.pub/extras
Buy it now
Buying options
Tax calculation will be finalised at checkout
Other ways to access
This is a preview of subscription content, log in via an institution to check for access.
Table of contents (14 chapters)
-
Front Matter
-
Back Matter
About this book
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 between the high demand for such models by commercial banks, international organizations, central banks and governments on the one hand and the limited supply on the other hand. Frequent forecast failures in the past (e.g. Japan 1990, Asia 1997) and the heavy economic losses they produced motivated the work. The book assesses the large number of different theories of economic growth, the drivers of economic growth, the available datasets and the empirical methods on offer. A preference is shown for evolutionary models and an augmented Kaldor model. The book uses non-stationary panel techniques to find pair-wise cointegration among GDP per capita and its main correlates such as physical capital, human capital and openness. GDP forecasts for the years 2006 to 2020 for 40 countries are derived in a transparent way.
Reviews
From the reviews:
"The whole book undoubtedly benefits from Bergheim’s experience as both an analyst and researcher. … his study will prove a veritable treasure especially for young researchers looking for current research themes. … Stefan Bergheim has managed to combine a detailed empirical discussion with the great debates about the pillars of our material well-being. … Well done." (Andre Lieber, Amazon, September, 2008)
Authors and Affiliations
-
60320, Germany
Stefan Bergheim
About the author
The author works for a commercial bank and has been the lead researcher in the bank's project called "Global Growth Centres 2020".
Bibliographic Information
Book Title: Long-Run Growth Forecasting
Authors: Stefan Bergheim
DOI: https://doi.org/10.1007/978-3-540-77680-2
Publisher: Springer Berlin, Heidelberg
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag Berlin Heidelberg 2008
Hardcover ISBN: 978-3-540-77679-6Published: 11 April 2008
Softcover ISBN: 978-3-642-09646-4Published: 19 October 2010
eBook ISBN: 978-3-540-77680-2Published: 29 March 2008
Edition Number: 1
Number of Pages: XV, 189
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Growth, Development Economics