Determinants of Economic Growth

FRANCŮ, Lenka, Miroslav HLOUŠEK and Štěpán MIKULA. Determinants of Economic Growth. Online. In International Conference Hradec Economic Days 2015. Hradec Králové: University of Hradec Králové, 2015, p. 146-153. ISBN 978-80-7435-549-3.

Basic information

• Original name: Determinants of Economic Growth
• Authors: FRANCŮ, Lenka (203 Czech Republic, guarantor, belonging to the institution), Miroslav HLOUŠEK (203 Czech Republic, belonging to the institution) and Štěpán MIKULA (203 Czech Republic, belonging to the institution).
• Edition: Hradec Králové, International Conference Hradec Economic Days 2015, p. 146-153, 8 pp. 2015.
• Publisher: University of Hradec Králové

Other information

• Original language: English
• Type of outcome: Proceedings paper
• Field of Study: 50200 5.2 Economics and Business
• Country of publisher: Czech Republic
• Confidentiality degree: is not subject to a state or trade secret
• Publication form: electronic version available online
• WWW: URL
• RIV identification code: RIV/00216224:14560/15:00082355
• Organization unit: Faculty of Economics and Administration
• ISBN: 978-80-7435-549-3
• UT WoS: 000432426500018
• Keywords in English: economic growth; institutions; cross-sectional data
• Tags: International impact, Reviewed

Abstract

This paper analyses determinants of world-wide economic growth. The data used are collected for 142 countries, they cover period 1980 – 2010. The goal of the paper is to find out which variables explain economic growth (in terms of GDP per capita) the best. Because of potential endogeneity, we use method of instrumental variables for cross-sectional data. The explanatory variables includes typical economic indicators but also many institutional indicators. These are e.g. government stability, internal conflicts, corruption, bureaucratic efficiency, religious tensions etc. We also carried out sensitivity analysis of the regression model with respect to geographical position of the countries. In conclusion, we are able to identify what economic, social and political forces influence economic growth.

Links

• MUNI/A/0844/2013, interní kód MU: Name: Analýza transformujících se ekonomik - vývoj institucionálního prostředí a jeho důsledky pro reálnou ekonomiku (Acronym: Analýza transformujících se ekonomik)

Investor: Masaryk University, Category A