THEORETICAL AND PRACTICAL ASPECTS OF LONG-TERM ECONOMIC GROWTH

Abstract

This article provides an in-depth analysis of the essence of long-term economic growth, its key determinants, and development trends in the modern global economy. Particular attention is given to the role of human capital, innovation, and institutional factors in ensuring sustainable growth. The study also explores theoretical foundations alongside practical implications, offering policy-oriented recommendations aimed at enhancing long-term economic performance. The findings highlight that sustainable economic growth requires a comprehensive and integrated approach combining investment, education, innovation, and effective governance.