| dc.description.abstract | The purpose of this research is to investigate the relationship between various macroeconomic
indicators including real interest rate, inflation, government debt and Exchange rate
and environmental factors including carbon dioxide emission, climatic condition and
urbanization to economic growth. All these variables play important role in the economy and
understand their correlation have both academic and practical value.
As for macro-economic indicators, results show that except Exchange rate, other factors
including real interest rate, inflation and government debt have significant impacts to
economic growth. Among macro-economic indicators, it is found the higher real interest rate,
inflation and government debt, the lower growth rate of GDP. This finding indicate that
economy having low value of these factors grow faster than the nations have high score in
these values. In contrast, the fluctuation of Exchange is proved to have insignificant impacts
to the economic growth. As for the environmental factors, the regression results indicates that
both climatic condition and carbon dioxide emission have significant impacts on the growth
of GDP. Specifically, countries located in tropical zone and countries have lower amount of
carbon emission tends to growth faster. Urbanization, on the other hand, is proved to have no
significant impacts to the growth of GDP. | en_US |
