JOURNAL ARTICLESerdar Ozturk · Seher Suluk
International Journal of Research in Business and Social Science · 2020
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The Human Development Index (HDI), which measures a country’s human development level, considering the health, education and income indicators of countries has been published in the Human Development Report each year since 1990 by the United Nations Development Programme. Norway, which is a highly developed country, was at the top of the Human Development Index. Therefore, the aim of this study is to evaluate Norway’s human development performance. In this context, the relationship between human development and economic growth has been examined at empirical level for Norway for the period between 1990-2017. In the study, firstly, ADF and PP unit root tests were performed. Then, Granger causality analysis was applied. According to the results of Granger causality analysis there is a one-way causality relationship from human development to economic growth.
DOI 10.20525/ijrbs.v9i6.9023 Crossref citations8 OpenAlex citations
JOURNAL ARTICLEEsat Ali Durguti · Emine GASHI · Filloreta Demiri Kunoviku · Milaim Mehmeti
International Journal of Finance & Banking Studies · 2020
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The purpose of this paper is to find out if selected determinants have any effect on the economic growth rate using the strong balanced panel data for the Western Balkan countries for the period 2001-2017, and the data used are on an annual basis, which in total there are 102 observation periods. For the realization of the paper, secondary data and an advanced dynamic approach were used, such as pooled OLS methods, fixed and random effects model, to test economic growth rate as dependent variable, and explanatory variables such as working remittances to GDP, exports to GDP, imports to GDP, foreign direct investment to GDP and inflation rate. From the generated outputs, it is true to say that working remittances to GDP, exports to GDP, and imports to GDP have an effect that influences economic growth, respectively GDP growth. Even though foreign direct investment to GDP and inflation rate does not have a significant effect on economic growth, respectively GDP growth.
Keywords: Economic growth; macroeconomic determinants; panel data.
JEL code: O47, O11, C23
DOI 10.20525/ijfbs.v9i1.6524 Crossref citations9 OpenAlex citations