Assistant Professor, GLA University, Mathura, Uttar Pradesh, India
Online published on 21 November, 2017.
We understand the global meltdown is leaving its mark on different economies in a different way and the results are unexpected. In this scenario, some of the developing economies are emerging at higher pace than ever expected.
The paper attempts to inquire about the key determinants and their role in development. For the study purpose the researchers have taken two types of economic group viz; Developed economies and developing economies. The researchers are keen to know what factors have contributed to push effect of emerging economies and lead them ahead of some of the developed Economies.
We know the foremost economic activity is the production and it will be interesting to find out how some of the economies have positive production rate while other were simply lying below zero.
The paper finally makes an attempt to predict the economic emergence with path-breaking factors.
a) To find out emerging key determinants (elements) in national policy formulation based on presently available database.
b) To find out the whether there is significant difference in growth rate of some of the leading economies of the world on the basis of the presently available data. (Data will be processed with the help of SPSS-17.0 software and ANOVA test was used to find out the mean difference in growth rate of economies)
Production rate, Macroeconomic policy, Global meltdown, Developed economies & Structural equation modeling
