On Determinants Of The Economic Growth Of European Countries During 2005–2015

The aim of the paper is to examine the economic growth of 32 European countries from 2005 to 2015. This period was characterized by a strong growth prior to 2009, when the Great Recession started, and lasted until 2012–2013 in the majority of examined countries. The growth between 2005 and 2015 was...

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Main Author:	Jiří Mazurek
Format:	Article
Language:	English
Published:	Lodz University Press 2017-06-01
Series:	Comparative Economic Research
Subjects:	economic growth economic openness democracy index human capital physical capital
Online Access:	https://czasopisma.uni.lodz.pl/CER/article/view/1952

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spelling	doaj-d5f9d97dc7734076b750826f0e9699e72021-09-02T20:45:08ZengLodz University PressComparative Economic Research1508-20082082-67372017-06-01202213310.1515/cer-2017-00101952On Determinants Of The Economic Growth Of European Countries During 2005–2015Jiří Mazurek0Silesian University in Opava, School of Business Administration in Karviná, Department of Informatics and MathematicsThe aim of the paper is to examine the economic growth of 32 European countries from 2005 to 2015. This period was characterized by a strong growth prior to 2009, when the Great Recession started, and lasted until 2012–2013 in the majority of examined countries. The growth between 2005 and 2015 was studied with regard to six selected socio-economic factors: initial level of the gross domestic product, economic openness, democracy index, human capital, physical capital, and foreign direct investments. The main result is that the growth was directly proportional to human and physical capital, and indirectly proportional to the initial level of GDP and the democracy index. Furthermore, cluster analysis showed that the historical division of Europe into “West” and “East” still persists to a considerable extent.https://czasopisma.uni.lodz.pl/CER/article/view/1952economic growtheconomic opennessdemocracy indexhuman capitalphysical capital
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Jiří Mazurek
spellingShingle	Jiří Mazurek On Determinants Of The Economic Growth Of European Countries During 2005–2015 Comparative Economic Research economic growth economic openness democracy index human capital physical capital
author_facet	Jiří Mazurek
author_sort	Jiří Mazurek
title	On Determinants Of The Economic Growth Of European Countries During 2005–2015
title_short	On Determinants Of The Economic Growth Of European Countries During 2005–2015
title_full	On Determinants Of The Economic Growth Of European Countries During 2005–2015
title_fullStr	On Determinants Of The Economic Growth Of European Countries During 2005–2015
title_full_unstemmed	On Determinants Of The Economic Growth Of European Countries During 2005–2015
title_sort	on determinants of the economic growth of european countries during 2005–2015
publisher	Lodz University Press
series	Comparative Economic Research
issn	1508-2008 2082-6737
publishDate	2017-06-01
description	The aim of the paper is to examine the economic growth of 32 European countries from 2005 to 2015. This period was characterized by a strong growth prior to 2009, when the Great Recession started, and lasted until 2012–2013 in the majority of examined countries. The growth between 2005 and 2015 was studied with regard to six selected socio-economic factors: initial level of the gross domestic product, economic openness, democracy index, human capital, physical capital, and foreign direct investments. The main result is that the growth was directly proportional to human and physical capital, and indirectly proportional to the initial level of GDP and the democracy index. Furthermore, cluster analysis showed that the historical division of Europe into “West” and “East” still persists to a considerable extent.
topic	economic growth economic openness democracy index human capital physical capital
url	https://czasopisma.uni.lodz.pl/CER/article/view/1952
work_keys_str_mv	AT jirimazurek ondeterminantsoftheeconomicgrowthofeuropeancountriesduring20052015
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On Determinants Of The Economic Growth Of European Countries During 2005–2015

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