St. Petersburg, Russian Federation
The article is an overview of an econometric study of the influence of various factors, primarily the level of innovation and human capital on economic growth in the global economy. The limitation of this study was the availability of initial data on the human capital index, data are collected by the World Bank on an irregular basis, the latest data were estimated only in 2020. As a result of a systematic analysis, indicators of the influence of factors on economic growth were identified both on the basis of a linear model and a logline model. The greatest influence is the human capital factor. For the rest of the model factors, the relationship is not unique and additional calculations are required. Due to the results obtained, state bodies need to increase more cash injections into the domestic education and science system.
drivers of economic growth, Human Capital Index, innovation, innovation environment, econometric modeling, degree of influence
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