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Unified Journal of Economics and International Finance

July 2015 Vol 1(1), pp. 001-007

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Original Research Paper

Country Size and Determinants of Economic Growth: A Survey with Special Interest on Small States

João António Furtado Brito

Faculty of Economics, University of Coimbra, Portugal.

Corresponding Author's Email: litosbrito@hotmail.com

Accepted 8th July, 2015.


Abstract


This paper surveys the literature on country size and economic growth, focusing a research on small states. The paper first analyzes theoretical and empirical effects of country size on economic growth. Furthermore, the paper surveys some empirical studies on the determinants of economic growth, with special reference to small states. The review shows that there is a theoretical superiority of the disadvantages associated with the small size, but there is no consensus among empirical studies of the effects of country size on economic growth. And, there’s a certain consensus in identifying the geographic distance from major markets as a principal determinant of economic growth on small states.

Keywords: Country Size, Small States, Economic Growth.

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Cite This Article

João António Furtado Brito. Country Size and Determinants of Economic Growth: A Survey with Special Interest on Small States. Unified Journal of Economics and International Finance. 1(1) 2015 pp. 001-007.




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