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Crespo Cuaresma, J. & Mishra, T. (2008). The Role of Age-Structured Data for Economic Growth Forecasts. IIASA Interim Report. IIASA, Laxenburg, Austria: IR-08-003
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Abstract
This paper utilizes for the first time age-structured human capital data for economic growth forecasting. We concentrate on pooled cross-country data from 58 countries over six five-year periods between 1970 and 2000. We consider specifications chosen by model selection criteria, Bayesian model averaging methodologies based on in-sample and out-of-sample goodness of fit, and on adaptive regression by mixing. The results indicate that forecast averaging and exploiting the demographic dimension of education data improve economic growth forecasts significantly.
| Item Type: | Monograph (IIASA Interim Report) |
|---|---|
| Research Programs: | World Population (POP) Postdoctoral Scholars (PDS) |
| Depositing User: | IIASA Import |
| Date Deposited: | 15 Jan 2016 08:41 |
| Last Modified: | 27 Aug 2021 17:20 |
| URI: | https://pure.iiasa.ac.at/8776 |
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