Graph of Each Country GDP Growth Rate

Norway Netherland
4 5
4
3
3

2 2
1
1 0
-12004 2006 2008 2010 2012 2014 2016
0
-2
2004 2006 2008 2010 2012 2014 2016
-1 -3
-4
-2 -5

Switzerland US
5 4
4 3
3 2
2 1
1 0
2004 2006 2008 2010 2012 2014 2016
0 -1
2004 2006 2008 2010 2012 2014 2016
-1 -2
-2 -3
-3 -4

Denmark Germany
6
6
4
4
2
2
0
0 2004 2006 2008 2010 2012 2014 2016
-2
2004 2006 2008 2010 2012 2014 2016
-2 -4
-4 -6
-6 -8
 FRANCe Finland
3 6

2 4

1 2
0
0
2004 2006 2008 2010 2012 2014 2016
2004 2006 2008 2010 2012 2014 2016 -2
-1
-4
-2
-6
-3 -8
-4 -10

JAPAN New Zealand

5
6
4
4
3
2
2
0
1
2004 2006 2008 2010 2012 2014 2016
-2 0
2004 2006 2008 2010 2012 2014 2016
-4 -1

-6 -2

Factors that can affect GDP are described below:

life expectancy
The life expectancy is also known as the “average life”. The average number of years a person
born in the same period is expected to continue to survive. In simple words, how many years
person is living in this world on average.
Primary and secondary School Enrollment
The enrollment rate refers to the calculation of the number of students enrolled in primary and
secondary school, irrespective of the age of the students. Total number of students are enrolled in
primary and secondary school.
Trade Surplus/deficit
Trade surplus/deficit refers to the difference between exports and imports. If this value is positive
it means country is in trade surplus, if the value is negative it means country is in trade deficit.
CO2 Emission
Carbon dioxide emissions refer to the average greenhouse gas emissions generated when a product
is produced, transported, used, and recycled.

Econometric Modeling
As we know GDP is our dependent variable and life expectancy, primary and secondary school
enrollment, trade Surplus/deficit and co2 emission are independent variable.
GDP= B1 + B2LifeExp +B3Schooling + B4Trade + B5CO2 + u
This is the multiple regression analysis because this model contains more than one variable as
independent variable. GDP is GDP growth, LifeEXP refers to life expectancy, schooling refers to
primary and secondary school enrollment, trade refers to trade surplus/deficit and co2 refers to
CO2 emission.
Data Collection
Data has been collected from WDI (World Development Indicators). Data is collected from 2005-
2014 of 10 countries which are Norway, Switzerland, Netherlands, United States, Germany, New
Zealand, Denmark, Japan, France and Finland.
Measures
Variable Measures
GDP GDP growth (annual %)
life expectancy Life expectancy at birth, total (years)
Primary and secondary School Enrollment School enrollment, primary (% gross) plus
School enrollment, secondary (% gross)
Trade Surplus/deficit Exports of goods and services (constant 2010
US$) minus Imports of goods and services
(constant 2010 US$)
CO2 Emission CO2 emissions (kt)

Results and its Discussion

Variable Coefficient P-Value
LifeExp -4.617 .8904
Schooling -11.196 .2771
Trade -0.423 .2624
 CO2 -0.872 .5259
Constant 48.786 .4153

Whit the help pf e-view software data of these variables analyzed. From the result we can say that
all the independent variables have negative impact on GDP growth rate because all coefficients
have negative signs. But these results are not significant at 5% level, because p-values of all
variable are greater than significant level.

Appendix:
E-Views Results of Multiple Regression Analysis