THE IMPACT OF ECONOMIC GROWTH AND CAPITAL ACCUMULATION TO THE LEVEL OF FINAL CONSUMPTION EXPENDITURE OF THE REPUBLIC OF BELARUS
The article describes the groups of factors determining differences in the rate of economic growth of countries in the world. Special attention is paid to the problem of capital accumulation. Based on data from the past 45 years for 86 countries of the world the rate of economic growth and savings rates are calculated. The correlation model, reflecting influence of economic growth and accumulation of the capital at the size of expenses on final consumption of the population of Republic of Belarus and allowing to determine optimal rate of accumulation, based on data of the Statistics Division of the United Nations (UN) and the National Statistical Committee of the Republic of Belarus in 1990-2014, is built.