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Growth: Now and Forever?

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by Giang Ho & Paolo Mauro
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Growth: Now and Forever? by Giang Ho & Paolo Mauro

Forecasters often predict continued rapid economic growth into the medium and long term for countries that have recently experienced strong growth. Using long-term forecasts of economic growth from the IMF/World Bank staff Debt Sustainability Analyses for a panel of countries, we show that the baseline forecasts are more optimistic than warranted by past international growth experience. Further, by comparing the IMF’s World Economic Outlook forecasts with actual growth outcomes, we show that optimism bias is greater the longer the forecast horizon.

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Ebook Details
Pages: 69
Size: 1.7 MB
Date published:   2014
ISBN: 9781498306362 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Development > Economic Development

These authors have products in the following categories:

Nonfiction > Business & Economics > Banks & Banking
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > International
Nonfiction > Business & Economics
Nonfiction > Business & Economics > Exports & Imports
Nonfiction > Business & Economics > Development > Economic Development
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Labor

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