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We forecast average annual GDP growth for 147 countries for 2010–30. We use a cross-country regression model where the long-run fundamentals are determined by countries’ accumulated capabilities and the capacity to undergo structural transformation. -- Capabilities ; forecast ; growth
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Recent contributions to the growth literature have argued that the structure of an economy, as measured by its productive capabilities, is a key determinant for inter-country differences in development. Productive capabilities have been shown to be highly predictive of future economic growth,...
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We forecast average annual GDP growth for 147 countries for 2010-30. We use a cross-country regression model where the long-run fundamentals are determined by countries' accumulated capabilities and the capacity to undergo structural transformation
Persistent link: https://www.econbiz.de/10013139269
A country's productive structure and competitiveness are harbingers of growth. Growth is a dynamic process based on capabilities that are difficult to define and measure across countries. This paper uses a global measure of fitness (or complexity-weighted diversity of production) as a method to...
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