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  • Joint Meeting with the Virginia Association of Economist. Speaker: Masud Cader, World Bank Group

Joint Meeting with the Virginia Association of Economist. Speaker: Masud Cader, World Bank Group

  • Friday, October 12, 2018
  • 12:00 PM - 2:00 PM
  • Federal Reserve Bank of Richmond 701 East Byrd Street, Richmond, VA 23219


Registration is closed
Speaker: Mr. Masud Cader, Lead of Country Analytics, International Finance Corporation – World Bank Group "On the Predictability of Growth"

On the predictability of Growth.

A country's productive structure and competitiveness are harbingers of growth. Growth is a dynamic process based on capabilities that are difficult to define and measure across countries. This talk discusses the economic fitness indicator (or complexity-weighted diversity of production) as a method to explore a country's relative growth potential. The results identify two types of growth: one in which diversification and complexity is paramount, and another in which other factors govern. This classification is used to create a forecasting system, defining future growth trajectories for similar countries, and compares projected long-term, five-year forecasts with traditional methods used by the International Monetary Fund. The results show that Economic Fitness led forecasts perform better than IMF WEO process long-term growth forecasts. Production structure characterized by Economic Fitness is a good long-term predictor of growth.

Registration closes after Tuesday, October 9, 2018, 12:00 Noon


Federal Reserve Bank of Richmond,
701 East Byrd Street; Richmond, VA 23219
in downtown Richmond

To enter the building: Walk in front of the Federal Reserve and enter from the left-hand side of the building. You will pass through a security "intake building" on your way into the main facility.

** All visitors must pass through a metal detector prior to being admitted to the building.

Parking: (Please read)

The Bank has limited parking available in the Bragg Street parking deck, available on a first-come first-served basis. 

To access the parking deck, turn Right onto 7th Street (from E. Byrd St.), just before reaching the FED building. The parking deck is directly across 7th street from the building.

Push the buzzer at the parking deck gate and say that you are attending the RABE event. A guard will raise the gate electronically.

Other parking options:
 -- RMA Expressway Deck at 9th and Canal Streets, diagonally across the street from the Federal Reserve. Cost is $2 per hour.

 -- Limited on-street parking may also be available in the vicinity of the Federal Reserve. Please be alert to time limits (1 hour or 2 hours) on most of these spaces.

 -- Other Downtown Richmond parking options can be found at Simply go to this web page and scroll down to the "Commuters" section of the screen. Click the link for "All about Ridesharing." Next, click "Downtown Commuter Guide" from the links on the right-hand side of the page.

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