Factors of Economic Growth - Results from an Empirical Study

• Authors: Prochniak M.
• Languages of publication: PL

Abstracts

EN

This article relies on the review of the most recent and important empirical studies devoted to the explanation of the factors of economic growth. The main aim of the article is to identify those factors that might explain the differences in growth rates of individual countries. Empirical results suggest that the most important determinants of economic growth are: a) physical capital investments (especially in infrastructure), b) human capital investment (health and education expenditure), c) financial sector development, d) international trade, government sector (possibly small), f) economic freedom, g) political stability, absence of the high inequalities in incomes and personal property.

Keywords

EN

DIFFERENCES IN GROWTH RATES; ECONOMIC GROWTH; FACTORS OF GROWTH

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Komitet Nauk Ekonomicznych PAN, Polskie Towarzystwo Ekonomiczne
• Journal: Ekonomista
• Year: 2006
• Issue: 3
• Pages: 305-345
• Document type: ARTICLE

Contributors

author

Prochniak M.

• M. Prochniak, Szkola Glówna Handlowa w Warszawie, Katedra Ekonomii II, al. Niepodleglosci 162, 02-554 Warszawa, Poland

Identifiers

CEJSH db identifier

06PLAAAA01433165