Норма накопления и экономический рост: сдвиги после Великой рецессии

Capital accumulation and economic growth after the Great Recession

Leonid Grigoryev and Ekaterina Makarova

MPRA Paper from University Library of Munich, Germany

Abstract: The Great Recession in 2008—2009 and slow recovery after it became a significant challenge both for economic policy and theory, especially for economic growth studies. New circumstances have revealed new stylized facts, for instance, the decrease in growth rates and capital accumulation in advanced economies. The paper analyzes responses to and outcomes of the Great Recession for countries at different stages of development. The authors consider the investment impact on economic growth varying through seven clusters of countries, determined according to GDP (PPP) level per capita. An attempt has been made to reveal new stylized facts based on current trends and to revise some theoretical approaches to the analysis of economic growth.

Keywords: capital accumulation; economic growth; Great Recession; neoclassical growth theory; institutions (search for similar items in EconPapers)
JEL-codes: E20 E32 F21 F29 N10 O40 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Voprosy Ekonomiki 12 (2019): pp. 24-46

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:102524

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