Toward Sustainable Growth in Egypt, UK, and USA Economies

Abstract

In this paper we determine the main sources and forecast of sustainable economic growth in USA, and UK as large open advanced modern mixed economies, and in Egypt as emerging modern mixed economy. By analysis (SDGs) and Cobb-Douglas Production Function (C-DPF) with its developed by Solow growth model.The expected growth rate of GDP at the end of 2021 in USA, UK, and Egypt are more than 10%, 7.25%, and 6% in three countries respectively. The main sources of sustainable growth are capital accumulation through investments, technological changes, good business environment, growth in the potential labor force, and/or (natural resources, human and physical capital, and technological factors), and institutional factors (such as finance and banking system, education system, healthcare, infrastructure, and political stability). These sources should be concentrated on its by policy makers in all three countries to achieve sustainable growth forever.

Keywords: Sustainable Growth – SDGs – C-DPF and Solow model.

DOI: 10.7176/JESD/13-2-09

Publication date: January 31^st 2022