The Economy Growth and Adaptation of the Countries’ Economic Cycle: An Empirical Outlook

Abstract

From time to time, the economic development and adjustment of the countries has been significantly affected. In order to achieve a balance many countries resorted to the solution of fiscal adjustment programs. These types of programs, apart from the economic recovery of the countries, also have an influence on economic indicators of the economic cycles of the countries. Various sectors affected by economic instability are trade flows, money and capital flows. Adjustment programs bring about a balance that allows a country to recover. The purpose of undertaking this article is to present the correlation and adjustment of economic indicators of countries through Stata statistical analysis and to present the results of the research. According to the literature, various models were explored and those considered the most appropriate were selected for presentation. The countries investigated are four, having as a common feature the use of fiscal programs and the variables used alternately as independent or dependent according to the needs of the research are five. The selected models provide an opportunity for future research to enrich the model with additional interdependent variables showing variations in the findings.