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Норма Накопления И Экономический Рост: Сдвиги После Великой Рецессии
[Capital accumulation and economic growth after the Great Recession]

Author

Listed:
  • Grigoryev, Leonid
  • Makarova, Ekaterina

Abstract

The Great Recession in 2008—2009 and slow recovery after it became a significant challenge both for economic policy and theory, especially for economic growth studies. New circumstances have revealed new stylized facts, for instance, the decrease in growth rates and capital accumulation in advanced economies. The paper analyzes responses to and outcomes of the Great Recession for countries at different stages of development. The authors consider the investment impact on economic growth varying through seven clusters of countries, determined according to GDP (PPP) level per capita. An attempt has been made to reveal new stylized facts based on current trends and to revise some theoretical approaches to the analysis of economic growth.

Suggested Citation

  • Grigoryev, Leonid & Makarova, Ekaterina, 2019. "Норма Накопления И Экономический Рост: Сдвиги После Великой Рецессии [Capital accumulation and economic growth after the Great Recession]," MPRA Paper 102524, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102524
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    File URL: https://mpra.ub.uni-muenchen.de/102524/1/MPRA_paper_102524.pdf
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    References listed on IDEAS

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    Cited by:

    1. Grigoryev, Leonid & Pavlyushina, Victoria & Muzychenko, Evgeniya, 2020. "Падение В Мировую Рецессию 2020… [The fall into 2020 recession..]," MPRA Paper 102626, University Library of Munich, Germany.

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    More about this item

    Keywords

    capital accumulation; economic growth; Great Recession; neoclassical growth theory; institutions;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F29 - International Economics - - International Factor Movements and International Business - - - Other
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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