Economic growth and its key factors: an alternative view on the factors stimulating agriculture growth

Abstract

This research study makes an attempt to study the impacts of natural resources as well as financial and labor factors on economic development of contemporary states. Also, it investigates the correlation between all these factors mentioned above, in the context of countries’ economic growth. The obtained here results have helped us determine the core reasons behind international migration as a global phenomenon applicable to all countries without exceptions. Indirectly, we also demonstrate the transforming role of the labour factor as applied to economic development of countries and regions. Finally, positive impacts of a set of manufacturing factors on both international and domestic markets are demonstrated.

Contribution of Expenditure to Agriculture Growth in Nepal

“…Regmi and Weber (1996) concluded that realistic sustainable agricultural development for small farmers is still a fiction. In addition, Wajeetongratana (2020) observed the favorable effect of a number of industrial characteristics on domestic and worldwide markets. The previous studies have focused on the relationship between government spending and economic expansion, labor migration, poverty, and agriculture growth.…”

The relative choice over destiny in a country’s long-run economic growth and economic affluence

“…In academic researches, the realization of various correlated factors of economic growth and its dynamic progress has always been taken among the top priorities (Wajeetongratana, 2020;Curzio et al, 1994;Zahka, 1990). Analysis of economic growth, its stages, cycles, required resources for growth, and related policies underpin scholars to continuously engage in the system and investigate the central causes of it over a long period.…”