Export and GDP - the case of Macedonia

Cabuleva, Kostadinka and Marjanova Jovanov, Tamara and Davcev, Ljupco (2011) Export and GDP - the case of Macedonia. Conference Proceedings, Economocs and management in the 21st Century - Solutions for Sustainability and Growth. ISSN 978-954-23-0679-5

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Abstract

The fact that international trade is welfare-enhancing is one of the most fundamental doctrines in economics. The issues of export and GDP have gained substantial importance with the introduction of trade liberalization policies in the developing nations across the world. In open economy, development of foreign trade greatly impacts GDP growth. The present study focuses on the correlation dependence between Export and Gross Domestic Product per capita. Time series data for Export and Gross Domestic Product and its components has been taken for the period 1998-2010. In this study the coefficient of correlation dependence for the period 1998-2010 between GDP per capita and export is 99% and the coefficient of determination is 98%. The empirical results indicate that the role of export for Republic of Macedonia have a positive and significant impact on GDP.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Kostadinka Cabuleva
Date Deposited: 30 Nov 2012 12:41
Last Modified: 10 Aug 2015 08:12
URI: http://eprints.ugd.edu.mk/id/eprint/2606

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