Li, Kui-Wai (2011): The Optimal Level and Impact of Internal Factors on Growth. Published in: Modern Economy , Vol. 2, (July 2011): pp. 181-193.
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This paper empirically uses data from the world economy to show that performance of domestic factors are equally important to external factors when comes to growth. Various external and domestic factors are used to construct two separate indices and the principal component method is applied in the analysis. The empirical results show that given a different level of performance in the economy’s external factors, a higher performance in the internal factors will produce a higher growth rate. When the performance of an economy’s internal factors is extremely low, it would be appropriate for that economy first to improve its internal factors.
|Item Type:||MPRA Paper|
|Original Title:||The Optimal Level and Impact of Internal Factors on Growth|
|English Title:||The Optimal Level and Impact of Internal Factors on Growth|
|Keywords:||Growth, external factors, domestic factors|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development|
|Depositing User:||Kui-Wai Li|
|Date Deposited:||05. Feb 2012 10:33|
|Last Modified:||14. Feb 2013 09:58|
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