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.

摘要：本实证研究针对若干欧洲国家的国内生产总值（GDP）增长潜在影响因素展开分析。本次研究以2014至2020年期间，中欧、东欧以及东南欧共19个国家的面板数据为样本开展。研究采用动态面板数据建模方法，具体采用系统广义矩估计（System GMM）法，对经济增长潜在驱动因素的影响进行了探究。研究结果表明，财政责任、初始发展水平、通货膨胀率以及欧盟（EU）成员国身份是推动GDP增长的核心驱动因素。此外，本研究将经济增长的制度性影响因素以及研发（R&D）的作用纳入控制变量范畴。上述研究结果进一步佐证了如下假说：以负责任且可持续的方式制定宏观经济政策，能够显著改善各国的经济增长前景。本研究的发现有助于我们理解：政策、制度与技术三者之间的协同关系，是经济增长的必要条件。