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Macroeconomics is a branch of economics that studies the overall performance, structure, behavior, and decision-making of an economy. GDP (Gross Domestic Product) is chosen as the metric for measuring the national economy. Although GDP is one of the most important metrics, its use has been a source of controversy among many economists for many years ...
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Global dynamics of GDP and trade [PDF]
We use the logistic equation to model the dynamics of the GDP and the trade of the six countries with the highest GDP in the world, namely, USA, China, Japan, Germany, UK and India. From the modelling of the economic data, which are made available by the World Bank, we predict the maximum values of the growth of GDP and trade, as well as the duration ...
arxiv +1 more source
Expectations and information about the growth of GDP per capita have a large influence on decisions made by private and public economic agents. It will be argued here that GDP (per capita) is far from a robust indicator of social welfare, and that its use as such must be regarded as a serious form of market and government failure. This article presents
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This paper backtests a nowcast of Japan's real GDP growth. It has three contributions: (i) use of genuine real-time data, (ii) implementation of a new method for the revision analysis that relates the revision of the nowcast to not only new observations but also data revisions, and (iii) a benchmarking of the nowcast to a market consensus forecast at ...
Fumio Hayashi, Yuta Tachi
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AbstractNowcasting has become a useful tool for making timely predictions of gross domestic product (GDP) in a data‐rich environment. However, in developing economies this is more challenging due to substantial revisions in GDP data and the limited availability of predictor variables.
Daniela Bragoli, Jack Fosten
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The competitiveness versus the wealth of a country [PDF]
Politicians world-wide frequently promise a better life for their citizens. We find that the probability that a country will increase its {\it per capita} GDP ({\it gdp}) rank within a decade follows an exponential distribution with decay constant ...
Horvatic, Davor+3 more
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Identification, Amplification and Measurement: A bridge to Gaussian Differential Privacy [PDF]
Gaussian differential privacy (GDP) is a single-parameter family of privacy notions that provides coherent guarantees to avoid the exposure of sensitive individual information. Despite the extra interpretability and tighter bounds under composition GDP provides, many widely used mechanisms (e.g., the Laplace mechanism) inherently provide GDP guarantees
arxiv
Logistic forecasting of GDP competitiveness [PDF]
The GDP growth of national economies is modelled by the logistic function. Applying it on the GDP data of the World Bank till the year 2020, we forecast the outcome of the competitive GDP growth of Japan, Germany, UK and India, all of whose current GDPs are very close to one another.
arxiv
Modern economic growth is defined by the sustained improvement in GDP per head.
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T his spring, the U.S. Congress returned to a topic that has become a staple of political discussion in Washington: the role of energy in the economy and, in particular, the dependence of the U.S. economy on energy imports. Since 1973, when President Richard Nixon announced the goal of making the United States energy-independent by the end of that ...
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