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The Effect of Economic Growth under Nominal GDP in Relation to Poverty

Author

Listed:
  • Shkumbin Misini
  • Myrvete Badivuku-Pantina

Abstract

In this paper the focus will be on Macroeconomic analysis regarding economic growth under GDP, in relation to the most important macroeconomic parameter, poverty. The paper will include the analysis of Gross Domestic Product, as an important measure of an economic overview within a country or a state. Gross Domestic Product (GDP) is a more impeccable method for the analysis of all transactions that are performed within a country, in order to display an economic analysis for a country. The key point of this paper is the economic growth under nominal GDP, in relation to the most important macroeconomic parameter, poverty. This paper aims to find out what the influence of the increase of the nominal GDP in relation to poverty in Kosovo was. The paper includes the analysis of the scatter plot graphs of nominal GDP in relation to poverty, and also the analysis of descriptive statistic. The method of simple linear regression will be used when analysing the relation of nominal GDP compared to poverty in Kosovo.

Suggested Citation

  • Shkumbin Misini & Myrvete Badivuku-Pantina, 2017. "The Effect of Economic Growth under Nominal GDP in Relation to Poverty," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 20(63), pages 104-116, March.
    • Handle: RePEc:rej:journl:v:20:y:2017:i:63:p:104-116
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    References listed on IDEAS

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    2. Antonio Ciccone & Marek Jarociński, 2010. "Determinants of Economic Growth: Will Data Tell?," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(4), pages 222-246, October.
    3. Robert J Barro, 1999. "Determinants of Economic Growth: Implications of the Global Evidence for Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 36(107), pages 443-478.
    4. Fretwell, D. & Goldberg, S., 1993. "Developing Effective Employment Services," World Bank - Discussion Papers 208, World Bank.
    5. World Bank, 2011. "World Development Report 2011 [Rapport sur le développement dans le monde 2011 : Conflits, sécurité et développement - Abrégé]," World Bank Publications - Books, The World Bank Group, number 4389, December.
    6. World Bank, 2011. "Migration and Economic Development in Kosovo," World Bank Publications - Reports 12868, The World Bank Group.
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    Cited by:

    1. Loreta ISARAJ & Meleq HOXHAJ, 2021. "Macroeconomic factors influencing unemployment in Albania," Romanian Journal of Economics, Institute of National Economy, vol. 53(2(62)), pages 56-67, December.
    2. Hlongwane, Nyiko Worship & Daw, Olebogeng David, 2021. "An increase of electricity generation can lead to economic growth in South Africa," MPRA Paper 111018, University Library of Munich, Germany.
    3. Johanna Pangeiko Nautwima & Asa Romeo Asa, 2021. "The Relationship Between Inflation and Unemployment in Namibia Within the Framework of the Phillips Curve," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 7(5), pages 7-16, December.
    4. Muhammad Awaluddin & Fitriadi Fitriadi & Arfiah Busari & Dio Caisar Darma, 2021. "Contemporary Indonesian GDP: Context of Analysis at Unemployment, Labor Force and Poor People," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 7(4), pages 143-154, 12-2021.
    5. Ekpeyong, Paul, 2023. "Econometric Analysis of the impact of inflation, unemployment, and economic growth on poverty reduction: A novel application of Asymmetric technique," MPRA Paper 117762, University Library of Munich, Germany.
    6. Abdul Rehman & Laura Mariana Cismas & Ioana Anda Milin, 2022. "“The Three Evils”: Inflation, Poverty and Unemployment’s Shadow on Economic Progress—A Novel Exploration from the Asymmetric Technique," Sustainability, MDPI, vol. 14(14), pages 1-16, July.

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    More about this item

    Keywords

    economic growth; nominal GDP; poverty;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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