Asset Details
Do you wish to reserve the book?
The next hundred years of growth and convergence
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
The next hundred years of growth and convergence
Do you wish to request the book?
The next hundred years of growth and convergence
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
The next hundred years of growth and convergence
2020
Overview
World gross domestic product per capita is forecast to grow at 2.6% annually over the next 100 years. Convergence of less-developed countries toward output levels of the world frontier accounts for much of the forecast. Projecting recent growth in China and India accounts for much of the forecast convergence. The forecast differs from the earlier literature because the facts of convergence have changed in recent decades. A Markov-switching model is estimated for each country, allowing each country to switch on or off a path of convergence to the world output frontier. Bayesian estimates of the historical process and posterior forecasts are offered.
Publisher
Wiley,Wiley Periodicals Inc
