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National Library of Serbia
Economic growth determinants in old and new EU countries
The aim of our paper was to construct a model of economic growth determinants for old and new EU and the EU28 countries. We used a strongly balanced panel in the period from 2000 to 2020 and regression equations. For the old EU group, our results showed a high level of statistical significance and a positive effect of gross fixed capital formation, trade openness, government consumption, and population on GDP growth during the observation period. In the new EU group, trade openness,...
Download 2024 Miloš Žarković , Jasmina Ćetković , Jelena Cvijovic
Vilnius Gediminas Technical University
ECONOMIC GROWTH DETERMINANTS IN NEW AND OLD EU COUNTRIES WITH FOCUS ON CONSTRUCTION
Classical, neoclassical, institutional and other schools have debated what is crucial for economic growth. Literature review related to economic growth models is extensive. The objective of our paper is to construct a model of economic growth determinants in EU countries, with focus on construction. Our model includes determinants that reflect the impact of construction on economic growth, which is the contribution to existing literature. It has been created for three groups of countries: EU28,...
Download 2022 Miloš Žarković , Gordana Đurović , Jasmina Ćetković , Srdjan Redzepagic , Radoje Vujadinović , Angelina Živković
SAGE Publications
Economic Growth Determinants in South-East European Countries: A System Generalized Method of Moments Approach
Economic growth is a key point of macroeconomic policy and is the subject of constant attention and debate by professional public and policy makers. Theoretical and empirical research indicates differences in the level and direction of determinants’ influence on the growth rate. The main goal of our article is to construct a model of economic growth determinants in South-East European countries. We used an unbalanced panel of 12 selected SEE countries over the period 2006–2019. Our empirical findings...
Download 2021 Slobodan Lakić , Bojan Pejovic , Miloš Žarković , Jasmina Ćetković , Miloš Knežević
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