Estimation of Economic Growth Model in Selected Developing Countries: Generalized Method of Moments Approach
One of the basic goals of any society is to achieve economic growth with less fluctuations. In fact, achieving sustainable economic growth and economic stability is one of the main goals of any country. If the existing economic base and the future perspective indicate economic stabilization, the path of long-term investment growth will be strengthened, otherwise, the capital will be inclined to the service, trading and hoarding sectors, and in the long term, it will reduce the economic growth rate. In this article, the effect of macro-economic indicators (international trade, human capital, physical capital, inflation and foreign debt) and institutional indicators (combined index consisting of the components of voice and accountability, political stability without violent, government effectiveness, regulatory quality, rule of law and Corruption Control) and corruption control) on economic growth were investigated and analyzed in 15 selected developing countries during the years 2006 to 2019 with the generalized method of moments (GMM). The regression results showed that, among macroeconomic variables, inflation and foreign debts had a negative effect on economic growth, but international trade, human capital and physical capital had a positive effect on economic growth. The combined index of institutional factors also had a positive effect on economic growth.
پرداخت حق اشتراک به معنای پذیرش "شرایط خدمات" پایگاه مگیران از سوی شماست.
اگر عضو مگیران هستید:
اگر مقاله ای از شما در مگیران نمایه شده، برای استفاده از اعتبار اهدایی سامانه نویسندگان با ایمیل منتشرشده ثبت نام کنید. ثبت نام
- حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران میشود.
- پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانههای چاپی و دیجیتال را به کاربر نمیدهد.