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

• Main Authors: Shkumbin Misini, Myrvete Badivuku-Pantina
• Format: Article
• Language: English
• Published: Editura ASE Bucuresti 2017-03-01
• Series: Romanian Economic Journal
• Subjects: Economic growth; nominal GDP; Poverty
• Online Access: http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2017-04-02/3442/7misini.pdf

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.