An evaluation of Chinese economic forecasts
This paper analyses the real GDP growth and inflation forecasts prepared by the International Monetary Fund, the Organization for Economic Cooperation and Development, and the private forecasters between 1999 and 2010. The empirical results show that the long-term growth forecasts were inferior to a naïve model and were biased. The average of a number of short-term private forecasts dominated those made by the international organisations.
Year of publication: |
2013
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Authors: | Stekler, H.O. ; Zhang, Huixia |
Published in: |
Journal of Chinese Economic and Business Studies. - Taylor & Francis Journals, ISSN 1476-5284. - Vol. 11.2013, 4, p. 251-259
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Publisher: |
Taylor & Francis Journals |
Saved in:
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