Thursday, November 21, 2019

What affects development in Bulgaria, Hungary, Lithuania and Poland Research Paper

What affects development in Bulgaria, Hungary, Lithuania and Poland Statistical project (must be done in State program) - Research Paper Example The model had GDP as the dependent variable and energy production (kt of oil equivalent); exports of goods and services (% of GDP); gross savings (% of GDP); imports of goods and services (% of GDP); labour participation rate, total (% of total population ages 15+); life expectancy at birth, total (years); market capitalization of listed companies (% of GDP); real interest rate (%); research and development expenditure (% of GDP); stocks traded, total value (% of GDP); Bulgaria dummy variable; Hungary dummy variable; Lithuania dummy variable; year 1995 dummy variable; 1996D; 1997D; 1998D; 1999D; 2000D; 2001D; 2002D; 2003D; 2004D; 2005D; 2006D; 200D7 and 2008D as the independent variables. The model results demonstrated that a percentage increase in energy production (kt of oil equivalent), ceteris paribus, leads to 0.0003 percentage increase in GDP while a percentage increase in the average of exports and imports of goods and services (% of GDP), ceteris paribus, causes the GDP to grow by 0.017 percent. Further, a percentage increase in gross savings (% of GDP), ceteris paribus, cause the GDP to grow by 0.77 percent while an increase of one percent in labor participation rate total (% of total population ages 15), ceteris paribus, causes a decrease in GDP growth of 0.35 percent. A percentage increase in life expectancy at birth, total (years), ceteris paribus, causes the GDP to increase by 2.9 percent while market capitalization of listed companies (% of GDP) increase by one percent causes a 0.21 percentage increase in GDP. Real interest rate (%) increase by one percent causes a GDP decrease of 0.06 percent while an increase in research and development expenditure (% of GDP) by one percent decreases GDP growth by 0.62 percent. An increase of one percent in stocks traded, total value (% of GDP) causes the GDP to decrease by 0.02 percent. Further, the GDP for Bulgaria was found to be higher than that for Poland by 0.32 percent while that for

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.