Comparative Study on the Sustainable Economic Growth of European Union Countries
Comparative Study on the Sustainable Economic Growth of European Union Countries

Author(s): Carmen Uzlau, Cristina Burghelea, Corina-Maria Ene
Subject(s): Economy
Published by: Scientia Moralitas Research Institute
Keywords: gross domestic product; tangible assets (fixed); employment; econometric model
Summary/Abstract: This article expose statistical lawfulness which is formed between gross domestic product growth based on the value of tangible assets (fixed) and the number of persons employed in the economy for 10 countries in Western and Central European Community. To achieve this knowledge we used econometric analysis methodology, identifies form and check equation model based on sustainability criteria aimed intensity correlation significance and residual variable parameter estimators. The study is customized for a number of 9 values which covers the period 2006-2014 and underlying multifactorial development of econometric models for each of the 10 individual states. The research also highlights the importance of gross domestic product as synthetic macroeconomic indicator dynamics registered in the time interval of two exogenous variables and influence the dynamics that shape distinctly for each state a certain tendency of growth.

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