de la Croix, David; Lindh, Thomas; Malmberg, Bo - In: Journal of Macroeconomics 31 (2009) 1, pp. 132-148
This paper addresses two issues. To what extent can models estimated on modern data be used to account for growth patterns in the past? Can information on historical patterns help to improve long-term forecasting of economic growth? We consider a reduced-form statistical model based on the...