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Exogenous and Endogenous Growth Models: a Critical Review [PDF]
The main divisions of the theoretical economic growth literature that we study today include exogenous and endogenous growth models that have transitioned through a number of notions and criticisms.
Themba G. Chirwa, Nicholas M. Odhiambo
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The Application of Fractional Calculus in Chinese Economic Growth Models
In this paper, we apply Caputo-type fractional order calculus to simulate China’s gross domestic product (GDP) growth based on R software, which is a free software environment for statistical computing and graphics. Moreover, we compare the results
Hao Ming, JinRong Wang, Michal Fečkan
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Economic growth modeling is one of the methods a government can use to formulate appropriate economic policies to improve the prosperity of its people. Differential equations and stochastic models play a major role in studying economic growth.
Muhamad Deni Johansyah +4 more
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Economic Growth Models and FDI in the CIS Countries During the Period of Digitalization [PDF]
This article explores the interrelation between economic growth and foreign direct investments (FDI) in the countries of the Commonwealth of Independent States (CIS) in 1993–2019.
Vladimir V. Olkhovik +2 more
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Equality or Efficiency: The Impact of Cohesion Policy on Economic Growth Processes in Provinces
In recent years, the issue of investment projects has been addressed in the context of discussions on the principles of regional policy and economic convergence, which remain important objectives of cohesion policy implemented and co-financed within the ...
Roman Kosmalski
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Models of Russian Economic Growth: Personal Consumption Trends [PDF]
One of the most significant factors of the newest Russian economy crisis, which escalated in 2015–2016, was the decrease of real income and the following reduction of consumer demand of households. The situation on the consumers’ market started to change
Leonid Markovich Grigoryev +3 more
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Economic Growth Models Transition [PDF]
The transitional recession in countries of Eastern Europe has been much longer than expected. The legacy and recent policy mistakes have both contributed to the slow progress.
Coralia Angelescu
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New Indicators of Innovation Activity in Economic Growth Models
Our extensive literature review shows that innovations are fundamental to maintaining competitiveness at both micro- and macro-economic levels. In this study, we address how to improve the measurement of innovations and their impact on a country’s ...
Maria Reznakova, Stanislava Stefankova
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Anatomy of Growth and Economic Freedom around the World: A Tale of Two Datasets [PDF]
From the time of Adam Smith until now, the relationship between freedom or liberalization and economic activities was a question that attracted economists. However, empirical evidence of the existence of this relationship, its direction, and magnitude is
Hossameldin Mohammed Abdelkader
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Modeling and Forecasting Somali Economic Growth Using ARIMA Models
The study investigated the empirical role of past values of Somalia’s GDP growth rates in its future realizations. Using the Box–Jenkins modeling method, the study utilized 250 in-sample quarterly time series data to forecast out-of-the-sample Somali GDP
Abas Omar Mohamed
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