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Global Economic Prospects: Medium Term Projections and Structural Change

Author

Listed:
  • Bagnoli, P.
  • McKibbin, W.J.
  • Wilcoxen, P.J.

Abstract

This paper explores prospects for the world economy to the year 2020 through a series of scenarios based on different assumptions about future changes in the structure of individual economies. It differs from most other medium term studies because we do not assume that each economy's variables (such as output, energy use, resource dipletion or pollution) all grow in proportion to GDP.

Suggested Citation

  • Bagnoli, P. & McKibbin, W.J. & Wilcoxen, P.J., 1996. "Global Economic Prospects: Medium Term Projections and Structural Change," Papers 121, Brookings Institution - Working Papers.
    • Handle: RePEc:fth:brooki:121
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    References listed on IDEAS

    as
    1. D. W. Barns & J. A. Edmonds & J. M. Reilly, 1992. "Use of the Edmonds-Reilly Model to Model Energy-Related Greenhouse Gas Emissions," OECD Economics Department Working Papers 113, OECD Publishing.
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    Cited by:

    1. Noy, Ilan & Vu, Tam B., 2007. "Capital account liberalization and foreign direct investment," The North American Journal of Economics and Finance, Elsevier, vol. 18(2), pages 175-194, August.
    2. Tam Bang Vu, 2008. "Foreign direct investment and endogenous growth in Vietnam," Applied Economics, Taylor & Francis Journals, vol. 40(9), pages 1165-1173.
    3. Warwick J. McKibbin & David Pearce & Alison Stagman, 2004. "Long Run Projections for Climate Change Scenarios," Economics and Environment Network Working Papers 0405, Australian National University, Economics and Environment Network.
    4. McKibbin, Warwick J. & Wilcoxen, Peter J., 2004. "Estimates of the costs of Kyoto: Marrakesh versus the McKibbin-Wilcoxen blueprint," Energy Policy, Elsevier, vol. 32(4), pages 467-479, March.
    5. McKibbin, Warwick J., 1998. "Greenhouse abatement policy: insights from the G-cubed multi-country model," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(1), pages 1-15.

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    More about this item

    Keywords

    FORECASTS; INTERNATIONAL ECONOMY; INTERNATIONAL RELATIONS; ECONOMIC GROWTH;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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