文章基本信息

标题：Macroeconomic Stability and Its Impact on the Economic Growth of the Country
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作者：TATIANA VASYLIEVA ; SERGIJ LYEONOV ; OLEKSII LYULYOV 等
期刊名称：Montenegrin Journal of Economics
印刷版ISSN：1800-5845
电子版ISSN：1800-6698
出版年度：2018
卷号：14
期号：1
页码：159-170
DOI：10.14254/1800-5845/2018.14-1.12
出版社：Economic Laboratory for Transition Research Podgorica
摘要：The main purpose of this research is to study the role and impact force of macroeconomic stability on economic growth in the period from 2000 to 2016, using the modified Cobb–Douglas production function. The results of Global Competitiveness Report, published by World Economic Forum, demonstrated that at the existing level of economic growth in Ukraine the basic drivers for improvement of the country's competitiveness are necessary to be considered for building of the production function. Basing on the analysis performed, the author created odified Cobb–Douglas production function where Macroeconomic stability, openness of the economy and foreign direct investments are used as additional explanatory variables of Cobb–Douglas production function. Obtained findings indicate the high level of compliance of the built model with the initial data. Herewith, the assessment of the elasticity of macroeconomic stability is positive and statistically significant.
关键词：economic growth; human capital; macroeconomic stability; Misery index; physical capita