Benzell, Seth G.; Kotlikoff, Laurence J.; Kazakova, Marija - National Bureau of Economic Research - 2022
Which region(s) will come to dominate the world economy? This paper develops the Global Gaidar Model (GGM), a 17-region … productivity growth using each region's long-term record, predict China and India becoming the world's top two economic hegemons …. GGM also predicts an evolving global savings glut, major reductions in world interest rates, substantial increases in tax …