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Analysis of the correlation between the Gross Domestic Product and some factorial variables

Author

Listed:
  • Madalina-Gabriela ANGHEL

    („ARTIFEX” University of Bucharest)

  • Constantin ANGHELACHE

    (Bucharest University of Economic Studies, „ARTIFEX” University of Bucharest)

  • Diana Valentina DUMITRESCU

    („ARTIFEX” University of Bucharest)

  • Daniel DUMITRESCU

Abstract

In this article we left that GDP increases due to the influence of factors. The structural analysis of GDP, the most important indicator of national results, we perform studies on factors based on source or final use of GDP. In literature there are many such analyzes. In the present study we left that international economic activity, namely foreign direct investment and international trade of a country have certain effects on GDP change. The simple interpretation of data from the data sets comprising GDP and foreign direct investment or international trade value realized (import, export or net exports) highlights a trend in the same direction. In this context we can conclude that trends of FDI reflects the change of the GDP. So we appreciate that it is a correlation between the two indicators evolve after the straight line function. In this article, we aim to highlight the effect of net exports, calculated as the difference between export and import the tendency of change in GDP. Net exports is basically balance international trade balance. In Romania, since 1992 until today, this indicator has negative values. In other words, it shows us how occurs in the country and are used to cover imports carried. The two established correlations we analyzed using statistical and econometric methods. Thus, we used the analysis of the correlation analysis, data sets and graphical format or developments in the dynamic study analyzed data series. To quantify these trends, we used linear regression models using simple and multiple.

Suggested Citation

  • Madalina-Gabriela ANGHEL & Constantin ANGHELACHE & Diana Valentina DUMITRESCU & Daniel DUMITRESCU, 2016. "Analysis of the correlation between the Gross Domestic Product and some factorial variables," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(10), pages 138-145, October.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:10:p:138-145
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    References listed on IDEAS

    as
    1. Constantin Anghelache & Madalina Gabriela Anghel & Ligia Prodan & Cristina Sacala & Marius Popovici, 2015. "Elements concerning the Use of Multiple Regression Models," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 63(4), pages 27-29, April.
    2. Constantin Anghelache & Alexandru Manole & Madalina Gabriela Anghel, 2015. "Analysis of Final Consumption, Gross Investment, the Changes in Inventories and Net Exports Influence of GDP Evolution, by Multiple Regression," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(3), pages 66-70, July.
    3. repec:agr:journl:v:3(604):y:2015:i:3(604):p:137-142 is not listed on IDEAS
    4. Dobrodolac, Tinde, 2011. "Forecasting by econometric models as support to management," Perspectives of Innovations, Economics and Business (PIEB), Prague Development Center (PRADEC), vol. 7(1), pages 1-5, January.
    5. Constantin ANGHELACHE & Alexandru MANOLE & Mădălina Gabriela ANGHEL, 2015. "Analysis of final consumption and gross investment influence on GDP – multiple linear regression model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(604), A), pages 137-142, Autumn.
    6. Tim Büthe & Helen V. Milner, 2008. "The Politics of Foreign Direct Investment into Developing Countries: Increasing FDI through International Trade Agreements?," American Journal of Political Science, John Wiley & Sons, vol. 52(4), pages 741-762, October.
    7. Imad A. Moosa, 2002. "Foreign Direct Investment," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-4039-0749-3, October.
    8. Tinde Dobrodolac, 2011. "Forecasting By Econometric Models As Support To Management," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 7(1), pages 72-76, January.
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    Cited by:

    1. Constantin ANGHELACHE & Madalina Gabriela ANGHEL, 2017. "Econometric Methods And Models Used In The Analysis Of The Factorial Influence Of The Gross Domestic Product Growth," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 9, pages 67-78, June.
    2. V. Koibichuk & T. Bezbakh, 2020. "Investigation of the character and significance of the impact of labor market factors on the country’s investment attractiveness," Economy and Forecasting, Valeriy Heyets, issue 2, pages 80-96.
    3. Anghelache Constantin & Anghel Madalina-Gabriela, 2017. "Econometric Model For Complex Analyses And Forecast Of The Gross Domestic Product," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 5-12, December.

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