transport costs and competitiveness. However, others (e.g. Easterly and Levine 2003; Rodrik et al. 2004) found no effect of geography on growth after controlling for institutions. The relationship between demography and economic growth has attracted a lot of interest particularly over the last years, yet many demographic aspects remain today unexplored. Of those examined, population growth, population density, population composition and migration seem to play the major role in economic growth (Kormendi and Meguire 1985; Kelley and Schmidt 1995, 2000; Barro 1997; Bloom and Williamson 1998). High population growth, for example, could have a negative impact on economic growth influencing the dependency ratio, investment and saving behaviour and quality of human capital. Population density, in turn, may be positively linked with economic growth as a result of increased specialization, knowledge diffusion and so on. Findings again are not conclusive since there have been studies reporting no (strong) correlation between economic growth and demographic trends (e.g. Grier and Tullock 1989; Pritchett 2001). II. Instrument design and survey characteristics The current research draws on a questionnaire survey conducted for the needs of DynReg, an EU funded project aiming to identify dynamic regions in a worldscale and to specify the factors that determine their growth potential. The survey addressed to 4 For instance cultural diversity may have a negative impact on growth due to emergence of social uncertainty or even of social conflicts, or a positive effect since it may give rise to a pluralistic environment where cooperation can flourish.
Determinants of economic growth: the view of the experts 9 Discussion Paper Series, 2009, 15(1) various experts worldwide (regional scientists, policy makers and business people), to explore their views on the factors underlying economic dynamism. Economic dynamism refers to the potential an area has for generating and maintaining high rates of economic performance. The questionnaire used consists of five parts. The first part outlines the objectives of the study and provides definitions and instructions to help respondents understand the concepts and rationale of the research; while the second part asks respondents to identify five wider regions in the world (from the twenty specified 5 ) that are expected to exhibit economic dynamism in the next fifteen years. The third part assesses the determinants of economic dynamism utilising Likert type questions. In the first two questions of this part respondents were ask to identify the five most significant factors for growth (advancing or restraining it), whereas the third question asked for an evaluation of the factors in terms of their impact to both developed and developing countries. Of particular importance is the last of question in this part, which attempts to explore, which combination of opposite characteristics promotes economic dynamism.
- Fall '17
- Economics, The Clash of Civilizations and the Remaking of World Order, University of Thessaly, Paschalis Arvanitidis, George Petrakos, Sotiris Pavleas