What Drives Economic Growth across European Countries? A Multimodal Approach

Autor: Larissa M. Batrancea, Mehmet Ali Balcı, Ömer Akgüller, Lucian Gaban
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Mathematics, Vol 10, Iss 19, p 3660 (2022)
Druh dokumentu: article
ISSN: 2227-7390
DOI: 10.3390/math10193660
Popis: This research study examines the factors that determined economic growth measured by gross domestic product, gross value added, final consumption expenditure of households, and gross fixed capital formation across a sample of 36 European countries during the time frame Q3 2018−Q3 2021. We conducted a panel data analysis with the first-difference generalized method of moments (GMM) approach and cross-section fixed effects. Empirical results estimated with four econometric models indicated a significant robust impact of the independent variables exports, imports, foreign direct investment inflow, foreign direct investment outflow, social contributions, and wages on economic growth proxies. In addition, multiplex network analysis was used to investigate the connection architectures of the 36 countries, and it yielded statistical measurements for all layers in the multi-layered structure. Relevant policy implications of reported empirical results are also addressed.
Databáze: Directory of Open Access Journals
Nepřihlášeným uživatelům se plný text nezobrazuje