Economic Freedom and Macroeconomic Determinants of Economic Growth: Cross‐Country Evidence

2002 ◽  
Vol 1 (3) ◽  
pp. 74-84 ◽  
Author(s):  
Fouad K. AINajjar
1997 ◽  
Vol 76 (6) ◽  
pp. 154 ◽  
Author(s):  
Richard N. Cooper ◽  
Robert J. Barro

2012 ◽  
Author(s):  
José Kleber Duarte Macambira Filho ◽  
Francisco Gildemir Ferreira da Silva ◽  
Tito Belchior Silva Moreira

2016 ◽  
Vol 11 (2) ◽  
pp. 33-47 ◽  
Author(s):  
Themba G. Chirwa ◽  
Nicholas M. Odhiambo

AbstractThe paper conducts a qualitative narrative appraisal of the existing empirical literature on the key macroeconomic determinants of economic growth in developing and developed countries. Much as other empirical studies have investigated the determinants of economic growth using various econometric methods, the majority of these studies have not distinguished what drives or hinders economic growth in developing or developed countries. The study finds that the determinants of economic growth are different when this distinction is used. It reveals that in developing countries the key macroeconomic determinants of economic growth include foreign aid, foreign direct investment, fiscal policy, investment, trade, human capital development, demographics, monetary policy, natural resources, reforms and geographic, regional, political and financial factors. In developed countries, the study reveals that the key macroeconomic determinants that are associated with economic growth include physical capital, fiscal policy, human capital, trade, demographics, monetary policy and financial and technological factors.


Sign in / Sign up

Export Citation Format

Share Document