by Abdul Azeez Erumban, Klaas de Vries and Bart van Ark, CB, 2013.

 

This paper presents the methodology for The Conference Board Global Economic

Outlook 2014, including projections for 11 major regions and individual estimates for 33

mature and 22 emerging market economies for 2014, 2014-2019, and 2020-2025. The

projections are based on a supply-side growth accounting model that estimates the

contributions of the use of factor inputs – labor and capital –, and productivity growth to

the growth of real Gross Domestic Product (GDP). While labor growth rates are

estimated using information on demographic changes, capital and productivity growth are

estimated on the basis of a wide range of related variables during past periods. The trend

growth rates that are obtained from this exercise are adjusted for possible deviations

between actual and potential output.

 

See tables in the document.