What Drives Inclusive Growth? Evidence from Georgia

Abstract

Inclusive growth is the current debate in development economics because it is seen as central to sustainable economic growth and development. Georgia is one country where growth seems to have been inclusive among the emerging economies. This stimulated a research interest. The paper used growth model and dynamic ordinary least squares method to analyse the Determinants of Inclusive Growth, using Georgia data generated from World Bank Development Indicators between 1996 and 2016. Result shows that growths in industrial and service sectors were significantly responsible for rise in the income share of the poorest and richest income group in Georgia.

Keywords: Drives, Inclusive Growth, Evidence, Georgia