Author(s)

Yuejia Dang ^1,2

Affiliation(s)

¹ Business Finance, Queen Marry University of London, London, E1 4NS, UK
² Accounting and Finance, Xian Fanyi University, Xian, Shaanxi, China

Corresponding Author

Yuejia Dang

ABSTRACT

Many previous empirical study make contributes on figure out determines of economic continually growth. This paper chooses data from five developed countries (France, Germany, Japan, UK and USA) and one developing country (China), using regression models to test the real difference between two groups. The test result shows capital, education and labor force gives positive effects on 5 developed economics; labor force, research and development and saving make China’s economic grow up. The analysis of the result will focus on the concretely detail of each model. This paper also shows the relationship between these independent variables and dependent variable by graphs and tables.

KEYWORDS

Economic continually growth, Capital, Labor force, Education, Reasearch & development and saving rate

CITE THIS PAPER

Yuejia Dang, Comparing the Determines of Economic Growth of 5 Developed Countries and China. Journal of Sociology and Ethnology (2022) Vol. 4: 56-63. DOI: http://dx.doi.org/10.23977/jsoce.2022.040307.

REFERENCES

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[2] Tsai, P.L., 1994. Determinants of foreign direct investment and its impact on economic growth. Journal of economic development, 19(1), pp.137-163.
[3] Bencivenga, Valerie R., and Bruce D. Smith. "Financial intermediation and endogenous growth." The review of economic studies 58.2 (1991): 195-209.
[4] Akinyemi, Gbenga M., and Norhasni Zainal Abiddin. "Human capital developments an interdisciplinary approach for individual, organization advancement and economic improvement." Asian Social Science 9.4 (2013): 150.
[5] Helliwell, John F. (1994) "Empirical Linkages Between Democracy and Economic Grwoth," British Journal of Political Science, 24, 225-248.
[6] Jaffe, Adam B., Richard G. Newell, and Robert N. Stavins. "Technological change and the environment." Handbook of environmental economics. Vol. 1. Elsevier, 2003. 461-516.

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