INVESTMENTS AND ECONOMIC GROWTH: EMPIRICAL REVIEW

Abstract

The article presents a theoretical review of empirical research on the importance of investments for the economic growth of developed and developing countries. Research shows that investment accelerates the growth of economic indicators that have a significant impact on the definition of investment policy in accordance with the existing economic system. It was established that the relative contribution of investments to economic growth in different countries was varied based on the accepted methodological approach; country samples; characteristics of the selected countries; variables used to measure investment, as well as data and sample period among other factors.