The Leading G20 Countries in Economic Growth in the Post-Crisis Period

Abstract

According to the World Bank statistical data, a leading G20 country in economic growth in the post-crises period is China. Appearing next after China in economic growth in the post-crises period are Indonesia and India. The paper proposes adjusting the levels of economic growth based upon the hypothesis of proportional overlap for the catch-up effect after which they can be used to compare economic growth across regions. After the adjustment for the catch-up effect of the economic growth ratios, the leading G20 countries in economic growth are Australia, the USA, Canada and Saudi Arabia.

Keywords: Economic Growth, Catch-Up Effect, G20 Countries, Economic Development

JEL Classification: O40, O47, O57