Structural and institutional factors in the economic growth models
https://doi.org/10.46554/1993-0453-2023-1-219-9-17
Abstract
The article investigates a possibility of including structural and institutional factors in the economic growth models. To do this, we estimate the best Cobb–Douglas functions for the economies of Russia,the USA and China with the addition of these variables. Modern models of the economic growth comprise individual factors of this group, but it is advisable to increase their number by considering political factors and parameters of the transactional sector. The results obtained can also be used to analyze and compare models of the socio-economic development of countries, to improve the economic policy of a state.
About the Author
O. S. Demchenko
Siberian Federal University
Russian Federation
Russian Federation
Olga S. Demchenko – Candidate of Economic Sciences, Associate Professor
Krasnoyarsk
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Review
For citations:
Demchenko O.S. Structural and institutional factors in the economic growth models. Vestnik of Samara State University of Economics. 2023;(1):9-17. (In Russ.) https://doi.org/10.46554/1993-0453-2023-1-219-9-17
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