What affects development in Bulgaria, Hungary, Lithuania and Poland Research Paper

What affects development in Bulgaria, Hungary, Lithuania and Poland Statistical project (must be done in State program) - Research Paper Example The model had GDP as the dependent variable and energy production (kt of oil equivalent); exports of goods and services (% of GDP); gross savings (% of GDP); imports of goods and services (% of GDP); labour participation rate, total (% of total population ages 15+); life expectancy at birth, total (years); market capitalization of listed companies (% of GDP); real interest rate (%); research and development expenditure (% of GDP); stocks traded, total value (% of GDP); Bulgaria dummy variable; Hungary dummy variable; Lithuania dummy variable; year 1995 dummy variable; 1996D; 1997D; 1998D; 1999D; 2000D; 2001D; 2002D; 2003D; 2004D; 2005D; 2006D; 200D7 and 2008D as the independent variables. The model results demonstrated that a percentage increase in energy production (kt of oil equivalent), ceteris paribus, leads to 0.0003 percentage increase in GDP while a percentage increase in the average of exports and imports of goods and services (% of GDP), ceteris paribus, causes the GDP to grow by 0.017 percent. Further, a percentage increase in gross savings (% of GDP), ceteris paribus, cause the GDP to grow by 0.77 percent while an increase of one percent in labor participation rate total (% of total population ages 15), ceteris paribus, causes a decrease in GDP growth of 0.35 percent. A percentage increase in life expectancy at birth, total (years), ceteris paribus, causes the GDP to increase by 2.9 percent while market capitalization of listed companies (% of GDP) increase by one percent causes a 0.21 percentage increase in GDP. Real interest rate (%) increase by one percent causes a GDP decrease of 0.06 percent while an increase in research and development expenditure (% of GDP) by one percent decreases GDP growth by 0.62 percent. An increase of one percent in stocks traded, total value (% of GDP) causes the GDP to decrease by 0.02 percent. Further, the GDP for Bulgaria was found to be higher than that for Poland by 0.32 percent while that for