The Impact of Import, Savings, Consumtion and Inflation Rate on the Economic Growth of Denmark
1Malikakhon Dilbarova, 2Azamat Ulmasov
1Indonesian International Islamic University
2Tashkent State University of Economics
https://doi.org/10.47191/jefms/v7-i10-18
ABSTRACT:
This paper investigates the dynamic relationships between imports of goods and services (annual % growth), adjusted savings: consumption of fixed capital (current US$), final consumption expenditure (annual % growth), inflation GDP deflator (annual %) and economic growth in Denmark, using multivariate setting to examine time- series data. The secondary records from 1973 to 2022 that were collected from the World Bank comprise the data used in this analysis. The results of the study show that annual percentage increases in final consumption expenditure and imports of goods and services both considerably boost economic growth. However, the annual percentage of inflation as indicated by the GDP deflator and adjusted savings, which is expressed as the consumption of fixed capital in current US dollars, have a negative impact on economic growth.
KEYWORDS:
imports of goods and services (annual % growth), adjusted savings: consumption of fixed capital (current US$), final consumption expenditure (annual % growth), inflation GDP deflator (annual %), Gross domestic product, Denmark.
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