Abstract

The study's main aim is an analysis of economic growth in G7 countries. The period examined in the study in which annual data was used covers 2001-2021. For this purpose, a panel data analysis was conducted. Economic growth is a function of account balance, employment, inflation, and investment, and there is a positive relationship between economic growth and employment and between inflation and investment. Conversely, there is a negative relationship between economic growth and account balance. The results are statistically significant. The highest contribution to economic growth in G7 countries comes from technological innovations. Economic growth is a dynamic area. Many factors affect economic growth, including geography, democracy, market form and technology, and cultural and religious factors. For this reason, economic growth covers a broad study area.

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