Economic Growth Factors Influencing Emerging Market Economies
DOI:
https://doi.org/10.33516/maj.v58i4.45-48pKeywords:
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The purpose of this study is to identify factors responsible for the growth of selected economies that are emerging as recognized by IMF based on evaluation of available data for the period 2000 to 2017. The study analyses the growth trajectory and suggests policy implications for the selected EMEs and utilizes panel data regression models, namely, pooled regression models, fixed vs. random panel models and dynamic panel regression models. The study found a significant and positive influence of broad money, agriculture, capital, air transportation and current account balance on the economic growth of the countries. However, health expenditure and domestic credit have a negative impact on the GDP of the 19 selected EMEs.Downloads
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