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Determinants Of Economic Growth

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  • Bartosz Totleben

    ()
    (University of Economics in Poznan)

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    Abstract

    The article is examines the impact of macroeconomic indicators, in particular: human capital, government spending, innovation, political and social stability, on economic growth. In total 12 different indicators describing the economical, political and social conditions are taken into account. The study considers 102 countries between years 1960 and 2012 and two methods of estimation are performed: generalized method of moments (GMM) and fixed effects (FE). The results show the positive impact of innovation, foreign investment and education on economic growth. Unemployment, inflation and government spending are negatively associated with economic growth.

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    File URL: http://www.pte.umk.pl/images/plikidopobrania/2013_No5.pdf
    File Function: First version, 2013
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    File URL: ftp://ftp.grandiose.edu/pub/econ/WorkingPapers/surrec9602R.pdf
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    Bibliographic Info

    Paper provided by Institute of Economic Research in its series Working Papers with number 5/2013.

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    Length: 14 pages
    Date of creation: Feb 2013
    Date of revision: May 2013
    Handle: RePEc:pes:wpaper:2013:no5

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    Related research

    Keywords: economic growth; panel research; determinants of economic growth;

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