Factors Driving Long-Term Economy Growth: An Analysis of Developed and Developing Countries
Pages 136 - 142
Abstract
This paper examines the factors that drive a country's long-run economic growth by using regression models where GDP is affected by country-specific economic variables. Using table data from World Bank and the Organization for Economic Co-operation and Development for the years 2000 to 2021, we discover that GDP is influenced by accumulations of labor quantity contribution, ICT capital contribution, TFP, FDI, social spending, and natural resource rent on different scales. These effects vary significantly across different economic systems from country to country. This paper aimed to help people find different countries’ main factors that drive their long-run economic growth and help countries to better develop.
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Published In
December 2021
331 pages
ISBN:9781450387392
DOI:10.1145/3510249
Copyright © 2021 ACM.
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Published: 23 March 2022
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EBEE 2021
EBEE 2021: 2021 3rd International Conference on E-Business and E-commerce Engineering
December 17 - 19, 2021
Sanya, China
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