Economics at your fingertips  

The Role of Technological Change in the Long-run Global Economy Forecasting

Alexander Apokin


Abstract: The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

Keywords: technological change; technical progress; global economy; long-run forecasting; economic modeling. (search for similar items in EconPapers)
JEL-codes: C53 E17 F61 O33 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in VOPROSY ECONOMIKI from N.P. Redaktsiya zhurnala "Voprosy Economiki"
Bibliographic data for series maintained by Sergei Parinov ().

Page updated 2022-06-28
Handle: RePEc:nos:voprec:2013-01-5