The Optimal Level and Impact of Internal Factors on Growth
AbstractThis paper empirically uses data from the world economy to show that performance of domestic factors are equally important to external factors when comes to growth. Various external and domestic factors are used to construct two separate indices and the principal component method is applied in the analysis. The empirical results show that given a different level of performance in the economy’s external factors, a higher performance in the internal factors will produce a higher growth rate. When the performance of an economy’s internal factors is extremely low, it would be appropriate for that economy first to improve its internal factors.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 36419.
Date of creation: Jul 2011
Date of revision:
Growth; external factors; domestic factors;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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