Economic Growth and its Determinants: a Longitudinal and a Cross-regional Analysis

Abdullah Abdullah


Empirical evidence from a panel of 177 countries, over the time period of 1995-2009, indicates that economic growth is dependent on various factors. This paper finds that corruption control, reduced inflation and increased trade openness are the factors that boost up the economic growth of a country. Mixed empirical evidence is seen for government consumption, tropical climate and agricultural growth. No significant relationship has been observed between military expenditure and economic growth, whereas democracy influences output for African countries. The cross-regional analysis of Asian, European, African, Caribbean, and American countries also gives specific determinants for these regions. I have also analyzed Economic growth has also been analyzed in developing, developed, least developed, Muslim and petroleum exporting and emerging countries.

Keywords: economic growth, corruption, democracy, government consumption, health, inflation, trade openness, tropical climate, human capital, military expenditure, agricultural growth

Full Text: PDF
Download the IISTE publication guideline!

To list your conference here. Please contact the administrator of this platform.

Paper submission email:

ISSN (Paper)2222-1700 ISSN (Online)2222-2855

Please add our address "" into your email contact list.

This journal follows ISO 9001 management standard and licensed under a Creative Commons Attribution 3.0 License.

Copyright ©