Determinants Of Economic Growth
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.
|Date of creation:||Feb 2013|
|Date of revision:||May 2013|
|Publication status:||Published in Problemy gospodarki swiatowej TOM IV, edited by Magdalena Kuczmarska, Ilona Pietryka, Institute of Economic Research and Polish Economic Society Branch in Torun, Torun 2014|
|Contact details of provider:|| Web page: http://www.badania-gospodarcze.pl/|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:pes:wpaper:2013:no5. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adam P. Balcerzak)
If references are entirely missing, you can add them using this form.