Most of empirical studies confirm that countries with more skillful and educated labor force that have more accessibility to education during time, outperformed in economic growth
; in other words, a country could achieve better economic growth
performance with increasing efficiency of education sect and encouraging individuals to more educations (Storesletten and Zilibotti, 2000).
However, their effects on the economic growth
of a country and its development are less clear.
The majority of literature finds a positive correlation between agglomeration and economic growth
(Bairoch, 1993; Hohenberg and Lees, 1985; Hohenber, 2004), and even Brulhart and Sbergami (2009) have again validated the hypothesis of Williamson (1965).
This combination of circumstances substantiated by the augmentation of the extent of economic growth
and by the technical-scientific progress favored the acceleration of the process of economic globalization, significantly increased the degree of dependency between countries (a not necessarily favorable aspect) and entailed significant changes and new challenges (1).
In his UNU-WIDER working paper 'Impact of Foreign Aid on Economic Growth
in Sierra Leone' Phillip Michael Kargbo uses a variety of econometric approaches to assess the effect aid had on economic growth
in Sierra Leone in the period from 1970 to 2007.
Economist Yanqing Xia of Dongbei from University of Finance and Economics, and the Northeast Branch of the Chinese Academy of Sciences in Liaoning has looked at data as old as a decade from 30 Chinese provinces to build a comprehensive model of pollution, energy consumption and economic growth
in the country.
Keywords: Stock Market Development, Banking Sector Development, Economic Growth
, Low Human Developed Countries
On Wednesday, the central bank said that domestic economic growth
is strong and inflation is stable, helped by the improving global economy.
Previous studies in Pakistan focused on the direct relationship between the FDI and economic growth
, relationship between Greenfield and Brownfield FDI and economic growth
Based on the previous studies, External debt helps to achieve rapid economic growth
, and significantly improve the financial deficiency of Pakistan (Wahab, 2004).
in Georgia during July 2015 was 3% up compared to the same period of 2014, the Statistics Office of Georgia "Geostat" (Gruzstat) has indicated.