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Comparative Study on the Sustainable Economic Growth of European Union Countries

Author

Listed:
  • Carmen Uzlau

    (Hyperion University, 169 Calea Calarasi, District 3, Bucharest, Romania)

  • Cristina Burghelea

    (Hyperion University, 169 Calea Calarasi, District 3, Bucharest, Romania)

  • Corina-Maria Ene

    (Hyperion University, 169 Calea Calarasi, District 3, Bucharest, Romania)

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.

Suggested Citation

  • Carmen Uzlau & Cristina Burghelea & Corina-Maria Ene, 2017. "Comparative Study on the Sustainable Economic Growth of European Union Countries," Working papers Globalization - Economic, Social and Moral Implications, April 2017 21, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:wpaper:21
    DOI: 10.5281/zenodo.581791
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    More about this item

    Keywords

    gross domestic product; tangible assets (fixed); employment; econometric model;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

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