Any Peer Competitors out There? An Economic Perspective to the Growth of Potential Peer Competitors

ISBN: 1288395175

Author: Sanders, Gregg

Condition: New

This paper attempts to determine whether or not a peer competitor nation will arise within the next 25 years by examining a nation's potential for economic growth. An econometric model is used to assist in the formulation of this forecast. This model develops a linear regression to relate national indicators such as levels of investment, population growth, education and energy production to gross domestic product (GDP) growth. The use of the model is limited to that of "bracketing" possible rates of GDP growth. Using this model, China's potential for reaching peer status is examined in detail. Through this examination it is determined that China does not have the potential to reach peer competitor status within the next 25 years.