Economics

The main determinants affecting economic growth

The objective of this research report is to study the determinants of economic growth for a panel of different countries（Arab World, Australia, Brazil, Canada, Chile, China, Colombia, Germany, United Kingdom, India, Japan, Ghana, Iran,Islamic Rep, Switzerland). We will explain and summarize the main findings in the empirical literature.

Lab: We will use yearly data for a group of countries to assess among others the impact of foreign direct investment(FDI), education(EDU), Government spending(GOV), export(EXP), inflation(INF), labor-force(LABOR) and unemployment(UNEMPLOY) on economic growth( GDP). Data range from 1995 to 2014( 20 years data).

• Panels of cross-country data set used covers 14 countries over the period 1995 to 2014.
• The comparison between the before and after the global financial crises(before 2009 and after)

Abstract:  500words

Introductions: 1200 words

Literature reviews: 3300 words

  Abstract

The Problem: The proposal should contain a description of the study problem

which includes specification of the study question(s), in relation to previous

research and to the literature.

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• Theoretical Framework and Background Information: the proposal should

discuss the major theoretical premises and the salient concepts which underlie

the problem or question(s). The proposal should then outline a framework,

based on literature, for analyzing the problem and question(s).

• Design and Methods The questions and/or hypotheses for the thesis are

formulated clearly and in such a way that all the study variables and their

anticipated relationships are specified. Procedures should be clearly outlined,

including details of about data (for empirical projects) and resources (for

literature review) that will be used.

• Data Analysis (for empirical projects): The methods of analysis appropriate

for the study design should be described.

• Work Plan: The proposal should include a detailed work plan, with estimates of time needed to complete each phase of the proposed research.

Table of Contents

1. Introduction

1.1 Preamble

1.2 Background

1.3 Aims

1.4 Outline

2. Literature Reviews

2.1  The economic growth concept

2.1.1 Human capital theory

2.1.2 Neoclassical and Endogenous Growth Theories

2.1.3 Heckscher-Ohlin Theory

2.2 Determinants of economic growth

2.2.1 Foreign Direct Investment (FDI)

2.2.2 Inflation

2.2.3 Government Spending

2.2.4 Labor Force

2.3 Non-economic determinants

2.4 Anticipated result

3. Methodology

3.1 Hypotheses

3.2 Data source

3.3 Cleaning data

3.4 Fixed and Random EffectsModel

4. Analysis and Findings

4.1 Findings

4.2 Discussions

5. Conclusion

5.1 Summary

5.2 Limitations of research

5.3 recommendations

6. References
7. Appendix