FACTORS FUELING ECONOMIC EXPANSION IN EMEs

Artina KAMBERI, Kiril JOVANOVSKI

Abstract

The economic growth of Emerging Market Economies (EMEs) has become a subject of great interest and importance in the global economy. This wide-ranging study undertakes a comprehensive exploration of the multifaceted factors that underpin and accelerate economic expansion in these diverse economies. We investigate six pivotal drivers: Foreign Direct Investment (FDI), Human Capital Index (HCI), Inflation, Tax Revenue, Government Spending, and Trade Intensity. Our analysis takes into account the intricate interplay of these factors and their collective impact on Gross Domestic Product (GDP) growth in EMEs. The research utilizes a multi-dimensional approach, incorporating statistical data, econometric modeling, and case studies to unravel the complex relationship between these variables. Key findings and insights generated by this study will prove invaluable to policymakers, investors, and scholars seeking to comprehend the evolving dynamics of EMEs. By shedding light on the drivers of economic expansion, this research aims to facilitate well-informed decisions that can further bolster the growth and development of these economies, ultimately contributing to global economic stability and prosperity.

Pages: 57 - 62