Supplementary material (Bibliometric map) of the paper published in Economic Annals

Abstract: This empirical study analyses the potential determinants of GDP growth in selected European countries. The study is conducted on the data for 19 countries from Central, Eastern and South-Eastern Europe within 2014 to 2020 time - framework. The influence of possible drivers of economic growth are investigated by employing dynamic panel data modeling, specifically System GMM method. The insights made by the study reveal that fiscal responsibility, initial development, inflation rate, EU membership are the main GDP growth drivers. In addition, we control for the institutional determinants of economic growth, as well as the role of R&D. These results provide further support for the hypothesis that macroeconomic policies conducted in a responsible and sustainable way can significantly improve countries growth perspectives. These findings may help us to understand that trinity between policies, institutions and technology is conditio sine qua non of economic growth.