Economics, Econometrics and Finance
4 years ago

Investing in Infrastructure Boosts Economic Growth in Eastern Europe

RePEc: Research Papers in Economics
Does the gross fixed capital formation represent a factor for supporting the economic growth
Octavia-Maria Gibescu

Paper Summary

The study looked at how gross fixed capital formation (GFCF) affects economic growth in Romania, Bulgaria, Czech Republic, Poland, and Hungary from 2003 to 2009. They used statistical analysis to see the relationship between GFCF and GDP. The results showed a strong connection between economic growth and GFCF in Romania, Bulgaria, Czech Republic, and Poland. This means that higher levels of GFCF can lead to better economic growth in these countries.

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