Determinants Of Economic Growth
AbstractThe 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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Bibliographic InfoPaper provided by Institute of Economic Research in its series Working Papers with number 5/2013.
Length: 14 pages
Date of creation: Feb 2013
Date of revision: May 2013
economic growth; panel research; determinants of economic growth;
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