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The objective of this chapter is to examine the long run relationships between public debt and macroeconomic stability in the period of 2002 to 2010. In this research I use Johansen’s cointegration analysis and Vector Error Correction Model (VECM-henceforth) in order to test the long run effect of fiscal policy on real economic activity. Reviewing the literature, from both developed and countries in transition, I find that there is large disagreement concerning the empirical evidence for the effect of fiscal polic...

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 ...