The impact of interest rates on economic growth in the Republic of North Macedonia

Elmi Aziri ()
Additional contact information
Elmi Aziri: Faculty of Contemporary Social Science, South East European University, Tetovo

No 9511952, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: The Republic of Macedonia is considered a developing country and is still in transition and is accompanied by numerous macroeconomic problems such as high unemployment, high interest rates, low level of domestic investment. Therefore, the main purpose of this paper is to present and explain, based on concrete facts and relevant results of economic activity in the Republic of Macedonia, the occurrence of interest rates, their level, their causes and their impact on other economic processes, with particular emphasis gross domestic production and economic growth. By using regression analysis and small squares estimation (OLS) we will present variables links that will help us better investigate this phenomenon. The data we will present below date from 1993 to 2013. Earlier scholars of this phenomenon have verified the close correlation of interest rates with economic development. The data, the analysis and the conclusions to be drawn in this paper show the close and negative link between the interest rate and the economic growth of the Republic of Macedonia.

Keywords: interest rates; economic growth; GDP; monetary measures; economic development (search for similar items in EconPapers)
Pages: 12 pages
Date: 2019-10
New Economics Papers: this item is included in nep-fdg, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Proceedings of the Proceedings of the 12th Economics & Finance Conference, Dubrovnik, Oct 2019, pages 1-12

Downloads: (external link)
https://iises.net/proceedings/12th-economics-finan ... 95&iid=001&rid=11952 First version, 2019

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:9511952

Access Statistics for this paper

More papers in Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().