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

Georgian Foundation for Strategic and International Studies, Expert Opinion 63, (2016)

14 Pages Posted: 31 Oct 2016

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: October 23, 2016

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

Suggested Citation

Papava, Vladimer, The Leading G20 Countries in Economic Growth in the Post-Crisis Period (October 23, 2016). Georgian Foundation for Strategic and International Studies, Expert Opinion 63, (2016). Available at SSRN: https://ssrn.com/abstract=2857897 or http://dx.doi.org/10.2139/ssrn.2857897

Vladimer Papava (Contact Author)

Ivane Javakhishvili Tbilisi State University ( email )

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