Economic Scale and Endogenous Dynamics Changes in Economic Growth——Evidence Based on International Panel Data
This paper constructs a theoretical framework for the evolution of the endogenous dynamics of economic growth by introducing economic scale variables,analyzes the evolution mechanism and path of economic growth driving forces,and em-pirically examines the changes in the factors affecting economic growth in the stage of economic driving force conversion by us-ing international panel data.The study finds that there is a certain evolutionary mechanism for the conversion of economic driv-ing forces.With the expansion of the economic scale,the driving forces of economic growth gradually shift from external circula-tion to domestic circulation.Among them,the driving roles of exports,government expenditures,and tax cuts on economic growth are weakening,while factors such as household consumption,private investment,technological innovation,resource allocation ef-ficiency enhancement and other factors are increasing.Factors such as inflation,exchange rate changes,and population aging have a significant negative impact on economic growth.The findings of this paper suggest that during the transition of economic development drivers,middle-income countries should focus on their own reality and adjust economic policies in a timely manner to maintain the continuity and stability of the endogenous power of domestic circulation,which is key for successfully becoming a high-income country.
Economic ScaleEconomic GrowthEndogenous Dynamics ChangesDynamic Panel Model
万方数据
