Operationalizing growth models

Abstract We introduce a novel approach to operationalizing growth models. Drawing on the most recent release of OECD Input–Output Tables, we compute import-adjusted contributions consumption, investment, government expenditures, and exports for sixty-six countries in years 1995–2007 2009–2018, covering not only advanced Western economies but also Central Eastern European, South-East Asian, Latin American countries. find that are export-led or domestic demand-led other forms rare. Our results differ from classifications they reveal important geographical variation as well temporal change. In subsequent step, illustrate utility methodology by investigating link between real exchange rate devaluation growth, contentious issue existing literature. For pre-crisis economies, an association two variables, which is statistically significant when our new indicator used.