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I use a Bayesian Markov-switching model to forecast world GDP per capita over the next 100 years. The switching model … estimates the probability that a country is currently on a path to converge to the world frontier for each country in the world … depend on both the rate of growth in income in countries at the world frontier and the rate at which other countries converge …
Persistent link: https://www.econbiz.de/10012980467
The paper looks at the development of the secular stagnation thesis, in the context of the economic history of the time. It explores some 19th century antecedents of the thesis, before turning to its interwar development. Not only Alvin Hansen, but Keynes and Hicks were involved in the...
Persistent link: https://www.econbiz.de/10013010280
For Central, Eastern and Southeastern European (CESEE) countries, the euro area is the most important export destination. Nevertheless, geographical export patterns differ among individual CESEE countries, and economic growth within the euro area has diverged in the run-up to and since the...
Persistent link: https://www.econbiz.de/10013011906
Consensus forecasts for the global economy over the medium and long term predict the world's economic gravity will …
Persistent link: https://www.econbiz.de/10013045644
Spanish Abstract: El problema económico para muchas empresas públicas, encargadas de prestar el servicio de abastecimiento de agua a concentraciones humanas es de alto riesgo. Las debilidades y fortalezas del organismo y las amenazas y oportunidades que el medio ambiente ofrece, requieren de...
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