Main Growth Dynamics

Monetary Policy

Fiscal Policy

Time Period

Previous Growth

Investment

Saving

Capital Stock

Human Capital

Inflation

Interest

M1

M3

General Expenditure

Employee Expenditure

Subsidies

Social Expenditure

Income Tax

Corporate Tax

Short Term

(+)

(+)

(+)

(−)

(+)

(+)

(−)

(−)

Long Term

(+)

(+)

(+)

(−)

(+)

(−)