Structural and Institutional Factors of Economic Growth

349
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


Registered in System SCIENCE INDEX

For citation:
Skvortsova G. Structural and Institutional Factors of Economic Growth. World Eсonomy and International Relations, 2010, No 3, pp. 73-81. https://doi.org/10.20542/0131-2227-2010-3-73-81



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