The Supply Perspective of Economic Growth During the Last Decades

The economic crises of the years 2008-2009 stopped the economic growth of many economies and highlighted the problem associated with the method of financing and the nature of the economic growth of the country. An increasing problem is to find the optimal combination of inputs that would ensure efficiency and sustainable growth in a world of strong limitations of available resources. The aim of this paper is to compare the economic growth in selected countries of EU – Italy and Great Britain. We used supply perspective of economic growth calculation based on the neoclassical production function (the connection between Cobb-Douglas‘s production function and productivity).