MODEL OF THE SOCIAL AND ECONOMIC DEVELOPMENT

Authors

  • Станко Станић Faculty of Economics, University of Banja Luka

Keywords:

level of development, model, income per capita, quantitative and qualitative indicators.

Abstract

Economic development is complex and dinamism category. If we research this appearance, we shall find that’s a function of lot of factors. However, until today, level of development is observed as function of limited number of factors (in come per capital, stocks of capital, effiCIEncy of using of ca pital, level of interest rate, costs of education and health, stocks of nature resources, bigness of state). In this paper, number of factors of economic development are extented with new variablies (level of education and bealth, level of democracy, differentiation in ethnic groups and leanguage, facts if country has come out at sea or not, indicators of curtural characterizes, average annual temperature).

References

Levine, R., Finance, Development and Economic Growth: Views and Agenda, Journal of Economic Litrerature, Vol 35, p 688-726.

Levine R., Zervos S., What We Have Learned About Policy and Grawth from, Cross- Country Regresisions, American Economic Review, vol 103, 1993, p. 426-430,

Temple, J., The New Growth Evidence, Journal of Economic Literature, UNESCO, 1999.

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Published

2003-12-31

Issue

Section

Scientific papers

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