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Universiteti xabarnomasi13-6-PBResearch methodology.
To carry out this study, we relied on the
data of the World Bank (UNCTAD) and the data of the site
countryeconomy.com, which provides information about the economic
indicators of countries. We selected the necessary factors and
conducted an econometric analysis. The population of our country, the
unemployment rate of gross domestic product per population, and
human development indices were selected as research factors. These
data are relevant to our country and are selected for the period 2012-
2021 (Appendix 1). The main purpose of the selection of these variables
is to assess the impact of the population on economic growth and to
assess what other factors affect economic growth.
Research results and discussion.
To analyze the data, we first
performed a correlation analysis to check the relationship between the
variables in the Stata program, as well as a regression analysis to
determine the factors affecting the GDP per capita between the
indicators. In addition, we used the Durbit-Watson test to determine
the presence of autocorrelation between variables. The econometric
analysis of the factors in our study was determined as follows;
Y
–
GDP per capita (GDP per capita USD) $
X1
–
Population
X2
–
The unemployment rate
X3
–
HDI indicator
Result
Figure 1. Correlation analysis
In our analysis, we will first consider the relationship between the
variables. As you can see, there is an inverse and average relationship
between the variables, and all of them have a significant p-value (less
than 0.5), so they can be used in models. We create the model that is
most optimal for us. For this, we need to find the regression relationship
between the variables.
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