On Determinants Of The Economic Growth Of European Countries During 2005–2015

Mazurek, Jiří

dc.contributor.author	Mazurek, Jiří	en
dc.date.accessioned	2017-07-21T06:00:15Z
dc.date.available	2017-07-21T06:00:15Z
dc.date.issued	2017-06-23	en
dc.identifier.issn	1508-2008	en
dc.identifier.uri	http://hdl.handle.net/11089/22321
dc.description.abstract	The aim of the paper is to examine the economic growth of 32 European countries from 2005 to 2015. This period was characterized by a strong growth prior to 2009, when the Great Recession started, and lasted until 2012-2013 in the majority of examined countries. The growth between 2005 and 2015 was studied with regard to six selected socio-economic factors: initial level of the gross domestic product, economic openness, democracy index, human capital, physical capital, and foreign direct investments. The main result is that the growth was directly proportional to human and physical capital, and indirectly proportional to the initial level of GDP and the democracy index. Furthermore, cluster analysis showed that the historical division of Europe into “West” and “East” still persists to a considerable extent.	en
dc.publisher	Wydawnictwo Uniwersytetu Łódzkiego	en
dc.relation.ispartofseries	Comparative Economic Research;20	en
dc.rights	This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.	en
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0	en
dc.subject	economic growth	en
dc.subject	economic openness	en
dc.subject	democracy index	en
dc.subject	human capital	en
dc.subject	physical capital	en
dc.title	On Determinants Of The Economic Growth Of European Countries During 2005–2015	en
dc.page.number	21-33	en
dc.contributor.authorAffiliation	Silesian University in Opava, School of Business Administration in Karviná, Department of Informatics and Mathematics, Opava, Czechia	en
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dc.contributor.authorEmail	mazurek@opf.slu.cz	en
dc.identifier.doi	10.1515/cer-2017-0010	en

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