Abstract

The results presented in this article are part of a broader experimental research focused on the examination ofgrowth sustainability that is conducted through inequation ΔТ − ΔР ≤ ΔS conclusively developed on the basis ofseparate researches. This article examines growth sustainability of Germany, France, United Kingdom, and UnitedStates using time series data between 2000 and 2010. We built the inequation based on a simple initialsuggestion that any country’s economy benefits from balanced development between the needs of currentgeneration and future generation. Inequation is based on three elements: ΔP, or population surplus and publicspending dynamics is calculated for the purposes of reflecting the needs of current generation, ΔT, ortechnological surplus reflects the necessary strategic investments dynamics in economic growth of futuregeneration, ΔS, or savings surplus as one of the most important components of sustainable growth of any country,is evaluated towards equilibrium of two other components. The article presents and analyses results of a broadseries of calculations of all collected time series data. The results allowed us to conduct the sustainability testingand we analyzed dynamics of the sustainability elements. The article offers comparative assessment ofsustainability of given countries. The conducted experimental research confirmed findings of testing of separategroup of countries: mainly we concluded that the concept of a sustainable growth is in its rudimentary stage withgiven level of strategic application of developed economic knowledge and statistical methods towards practicaluse for the benefit of society.

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