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ECONOMIC GROWTH AND ITS DETERMINANTS IN REPUBLIC OF MACEDONIA
Abstract
The main objective of the paper is to analyze the economic growth and its determinants, as in developed countries and countries in transition. In this paper we will at least square and explain (OLS) which will make the calculation of coefficients evaluation and equation of the sample regression function.Viewed from the standpoint that have accrued in STATA we see that the index of corruption negatively affects economic growth, and economic LIRR has an negative impact on economic growth and foreign investment have a positive impact on economic growth.
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References9
http://en.wikipedia.org/wiki/Economy_of_the_Republic_of_Macedonia
http://www.heritage.org/index/country/macedonia
Mauro, P. 1995.Corruption and Growth.‖ Quarterly Journal of Economics. 110. pp: 681-712.
Lorenzo Pellegrini and Reyer Gerlagh., Corruption’s Effect on Growth and its Transmission Channels KYKLOS, Vol. 57 – 2004 – Fasc. 3, 429–456
Susan Rose-Ackerman., The Role of the World Bank in Controlling Corruption, Yale Law School Faculty Scholarship, 1-1-1997 http://digitalcommons.law.yale.edu/fss_papers
Levine, Ross & Renelt, David, 1992. "A Sensitivity Analysis of Cross-Country Growth Regressions," American Economic Review, American Economic Association, vol. 82(4), pages 942-963, September
X. Sala-i-Martin. I Just Ran Four Million Regressions American Economic Review, Vol. 87, no. 2 (May 1997): 178-183
Podrecca, Elena; Carmeci, Gaetano Fixed investment and economic growth: new results on causality Applied Economics, Volume 33, Number 2, 1 February 2001, pp. 177-182(6)
Roger Kormendi and Philip Meguire., Macroeconomic determinants of growth: Cross-country evidence Journal of Monetary Economics, 1985, vol. 16, issue 2, 141- 163
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