StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

A Critical Investigation of Determinants of Economic Growth - Research Paper Example

Cite this document
Summary
The research paper discusses the determinants of economic performance in a country as given in economic history. The major issues in the paper include the GNP per capita in a country, the…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
A Critical Investigation of Determinants of Economic Growth
Read Text Preview

Extract of sample "A Critical Investigation of Determinants of Economic Growth"

Download file to see previous pages

For instance, in the case of natural resources, a country that exploits its resources efficiently will be more industrialized and developed as compared to a country that has left its resources idle. Therefore, the topic of economic performance in a country mainly deals with economic growth and development. The economic performance of a country refers to a combination of the country’s economic growth and development. Economic history asserts that a country’s economy could be growing yet leaving the country underdeveloped.

Therefore, in order to assess the country’s economic performance, it is essential to address both the level of growth, and the level of development (Grabowski et al. 18). Generally, countries develop depending on the available growth. In economic history, different scholars define economic performance differently. For instance, while the physiocrats viewed agriculture as the main source of wealth, Adam Smith defined labor as the key source of wealth in a country. History of economic thought also identifies other economists such as Thomas Malthus who discussed population as being a key factor, which could hinder economic performance in a country.

Malthus viewed population as a factor that a country ought to control in order to improve economic performance. Therefore, combining the works of all previous economists, economic history identifies the key factors affecting the economic performance of a country as discussed below. The level of the population in a country determines the overall production of the country. In addition, it also determines the GNP per capita of a country thus, determining the economic performance (Grabowski et al. 30). In economic history, the mercantilists asserted that high population was indeed favorable for the growth of the country since, it would ensure sufficient labor supply.

On the other hand, other economists in economic history such as Adam Smith asserted that a high population is not a surety of

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Research paper related to economic history Example | Topics and Well Written Essays - 1000 words”, n.d.)
Research paper related to economic history Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/macro-microeconomics/1624930-research-paper-related-to-economic-history
(Research Paper Related to Economic History Example | Topics and Well Written Essays - 1000 Words)
Research Paper Related to Economic History Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/macro-microeconomics/1624930-research-paper-related-to-economic-history.
“Research Paper Related to Economic History Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/macro-microeconomics/1624930-research-paper-related-to-economic-history.
  • Cited: 0 times

CHECK THESE SAMPLES OF A Critical Investigation of Determinants of Economic Growth

Able Corporation

Strategy choice and implementation are the primary determinants of strategy success.... Strategy choice and implementation are the primary determinants of strategy success.... Such firms have no aspirations for future growth.... A third group is composed of growth-oriented small firms.... These are new ventures with a mission defined by aggressive growth (Johnson and Scholes, 1998).... On the macro environmental level, technological, economic, cultural, legal, political, and ethical forces need to be evaluated....
6 Pages (1500 words) Essay

The Currency Rate as a Vital Determinant of International Business

Nevertheless, the government failed to do so which also resulted in partial shutdown in the government sector along with the economic growth.... There can raise a problem in terms of the economic growth of the country if the interest rate falls and due to it the debt towards the other countries rises creating a situation of crisis in the economy.... Therefore, it can be affirmed that the international business and the currency trading can determine the economic growth and development of a country....
5 Pages (1250 words) Research Paper

Economic Factors Affecting on the Value Stock Exchange of Thailand Index

skooe (2010) in the study determine relationship between the stock market of Iran and economic growth.... The result of the study demonstrates that GDP has a positive impact on stock prices through necessary tool to predict future stock prices and the Granger Causality test confirms the linkage economic growth and stock price short run.... Emerging Stock Market Performance and economic growth.... Macroeconomic determinants of Gold industry stcok returns....
14 Pages (3500 words) Literature review

Institutions and Economic Development

Scholars have graduated from a subtle supposition that institutions will emerge easily and endogenously as a consequence of economic growth to the perspective that they are vital pre-conditions and influencers of economic development.... This shows that institutions have evolved from passive determinants of economic development to being irreplaceable aspects of economic growth in any country.... t is simple to outline specific institutional structures, which seem to have positively influenced at least one aspect of economic growth, usually in conjunction with other issues, and to outline the ones that have been challenges, the don'ts of economic growth, institutional organization which are creators of the poverty cycle holding back the vast majority of people from enjoying the positive results of modern economic development (Rao, & Van Ark, 2013:73)....
4 Pages (1000 words) Essay

Implementing the Foreign Direct Investment in the Indian Markets

, per capita income, exports against imports, government policies and overall economic growth rates. ... Further exemptions from customs and other excise based duties is also another incentive given to the foreign investors in this sector of economic potential (Sahoo, 2014). ... ther determinants of F.... determinants of FOREIGN DIRECT INVESTMENT FLOWS TO DEVELOPING COUNTRIES: A CROSS-SECTIONAL ANALYSIS, s.... determinants of, and the Relation Between, Foreign Direct Investment and Growth: A Summary of the Recent Literature....
10 Pages (2500 words) Essay

Profitability of Banks in the Middle East

The research provides new insights particularly since the time duration under study includes the period of economic shocks that have redefined the way banks do business and how they are regulated.... The research 'Profitability of Banks in the Middle East' identified the salient determinants of bank profitability for Middle East banks from 2000 to 2009, using three measures of profitability....
48 Pages (12000 words) Research Paper

Determinants of the National Income of Countries from a Keynesian Perspective

The paper "Determinants of the National Income of Countries from a Keynesian Perspective" discusses that early economists viewed the issue of economic progress from the viewpoint that, a prosperity period was always sure to be followed by one of depression.... Early economists viewed the issue of economic progress from the viewpoint that, a prosperity period was always sure to be followed by one of depression.... determinants of the national income of countries from a Keynesian perspective CHAPTER ONE INTRODUCTION Every countryin the world has a practical experience in the fact that economic progress never moves on an even-course....
7 Pages (1750 words) Research Proposal

Socio-Political Determinants of Health

The paper "Socio-Political determinants of Health" highlights that each of the factors may contribute either directly or indirectly towards the improvement of healthcare.... SOCIO-POLITICAL determinants of HEALTH ... Currently, because of advanced learning in terms of health issues, health experts are stressing on the need of improving the social factors in order to enhance living standards (Commission on Social determinants of Health, 2007)....
12 Pages (3000 words) Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us