Structural and Institutional Factors of Economic Growth

DOI: 10.20542/0131-2227-2010-3-73-81

G. Skvortsova, Federal Treasury Department for Moscow city, 11/1, Verkhnyaya Radishchevskaya Str., Moscow, 109240, Russian Federation

Abstract. The article shows that nowadays, while analyzing the factors influencing the dynamics of particular countries' economies and the world economy at large, the economic theorists more often emphasize not traditional structural factors, but institutional growth drivers. Among them, the author singles out and specifically considers the nature and scale of  government’s intervention in the economy, the level of social and political stability, the maturity of market institutions, the state of infrastructure, and the organizational structure of business.

Keywords: economic growth, growth drivers, structural factors, institutional factors, legislative environment, medium-term cyclicality, countercyclical policy, USA

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For citation:
Skvortsova G. Structural and Institutional Factors of Economic Growth. World Eonomy and International Relations, 2010, no. 3, pp. 73-81.

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