Paper Title :Multivariate Analysis of Macroeconomic Flows in European Countries

Author :Milica Bulajic, Dragana Kragulj

Article Citation :Milica Bulajic ,Dragana Kragulj , (2019 ) " Multivariate Analysis of Macroeconomic Flows in European Countries " , International Journal of Management and Applied Science (IJMAS) , pp. 60-65, Volume-5,Issue-12

Abstract : Macroeconomic flows in countries, described by many indicators of achieved objectives, can be analyzed in different ways and several conclusions can be made, especially if the timeline is considered as well.In this paper will be presented the results of multivariate statistical analysis of parameters regarding objectives of macroeconomics for European countries at the beginning of the 21st century. The indicators used in the research are (i) GDP at 2010 prices, growth rate; (ii) Industrial production index, growth rate; (iii) Consumer price index, growth rate and (iv) Unemployment rate for European countries and the period from 2002 to 2016. Special attention will be given to the analysis of economies before, during and after the economic crisis (2008). Keywords - Multivariate Statistical Analysis, Macroeconomic Objectives, Sustainable Economic Development, European Countries

Type : Research paper

Published : Volume-5,Issue-12

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