The Country's Economic Growth Models and the Potential for Budgetary, Monetary and Private Financing of Gross Domestic Product Growth

This article examines the financing of GDP growth within the framework of catch- up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the nature of the models has been carried...

Full description

Saved in:
Bibliographic Details
Published in:European research studies 2017-11, Vol.20 (4A), p.488-500
Main Authors: Slepov, V.A, Burlachkov, V.K, Danko, T.P, Kosov, M.E, Volkov, I.I, Grishina, O.A, Sekerin, V.D
Format: Article
Language:English
Subjects:
Economic growth
Gross domestic product
Growth
Methods
Public finance
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This article examines the financing of GDP growth within the framework of catch- up, evolutionary and dynamic models of economic development. Methods/statistical analysis: using the principles of the Solow model and the Cobb-Douglas function, an analysis of the nature of the models has been carried out, considering the processes of capital accumulation, the rate of growth of the workforce, and various aggregate factor productivities. With the help of historical logic and statistical evaluation, examples of countries relating to each of the models examined are reviewed.
ISSN:1108-2976
DOI:10.35808/ersj/849