A Large Developing Country Growth Theory And Empirical Analysis Under Embedded Perspective

Effective integration of the theory of economic growth,and embedded multi-statistical model of the three aspects,constructed under the embedding Perspective theoretical model of economic growth based on large developing countries,large developing countries to solve the embedding of variables affecting economic growth path as well as issues affecting the accuracy,large developing countries to achieve economic growth policy recommendations.Papers based on 1991 to 2013 data ten large developing countries,empirical analysis of the economic growth in large developing embedded Perspective.Firstly,the existing research on the basic theory of economic growth,combined with an embedded theory,proposed the establishment of a large developing country economic growth model embedded Perspective topics,and through co-integration test,obtain gross capital formation,total employment between economic growth and the number of long-term equilibrium relationship;secondly on the basis of co-integration test,relying on the panel data model to GDP 10 countries as the dependent variable,Google index,dependence on foreign trade,the level of urbanization,per capita household final consumer spending,general government consumption expenditure accounted for the same proportion of GDP,gross capital formation and total employment and other seven variables as independent variables,the establishment of the panel data model estimation results show that general government consumption expenditure has a positive role in promoting economic growth;blind speed up the urbanization level will not conducive to economic growth;build multi-tier statistical model again,that gross capital formation and total employment as independent variables,GDP-layer one-equation variables and to Google index,the level of urbanization due and other embedded variables for the layer two equations independent variable,and to explore embedded variables that affect on economic growth,showed that per capita household final consumption expenditure and Google index on economic growth has a main effect(direct)and interaction(indirect);the level of urbanization,dependence on foreign trade and general government consumption expenditure constant interaction effect on economic growth(indirect)influence;Finally,on cointegration test results panel data model and multi-statistical models were analyzed,based on empirical results presented developing countries in the process of developing their economies should be noted that the problems and policy reference points.The empirical results show that capital and labor are still the basic elements of economic growth;per capita household final consumption expenditure has a direct and indirect impact on GDP;dependence on foreign trade to GDP direct impact is not significant,but indirect influence significantly the like.Therefore,large developing countries in solving issues of economic growth,not only to consider the impact of economic factors itself(capital and labor),but also consider social factors(embedded feature)impact on economic growth in the development process of economic growth,to consider a combination of both,in order to achieve long-term stable economic growth.