Determinants of Economic Development in the Former Soviet Union and Central Eastern European Countries

• 발행기관: 한국무역연구원
• 저자명: Latif Khalilov Chae-Deug Yi
• 간행물 정보: 『무역연구』제14권 제3호, 135~155쪽, 전체 21쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2018.06.19

영문 초록

The purpose of this paper is to find factors which affect economic development in former Soviet Union countries and Central Eastern European countries. This paper uses cross-countrydata for 18 countries from 1999 to 2014. As a measure of development, GDP per capita has been taken, and the GDP per capita is expected to rise under the effect of improvements in economic freedom, a high tertiary enrollment ratio, enhancement of trade, high expenses in research and development, low level government consumption, and low fertility rates. However, the effect of these factors on economic development depends on other factors in the economy. More weight is given to the role of institutions. Economic freedom has been chosen as a proxy of institutions. This study has found that improvements in economic freedom, high tertiary enrollment, and high expenses in research and development are significant for the growth of both groups of countries. Trade and government consumption have been found to be significant for one group, while not significant for another group. Fertility does not show an effect on growth in both groups.

목차

Ⅰ. Introduction

Ⅱ. Literature Review

Ⅲ. Factors of Economic Development

Ⅳ. Model and Data

V. Empirical Results and Interpretations

VI. Conclusion

키워드

Economic Development Economic Freedom Institutions Panel Analysis Research and Development