Work

Macroeconomic Drivers of Economic Growth in Norway: An Empirical Analysis (1988-2022)

Year: 2025

Type: article

Abstract: This study investigates the relationship between GDP and imports, unemployment, and government domestic spending in Norway from 1988 to 2022 using a multivariate linear regression model. The results show that unemployment and domestic spending significantly affect GDP, while imports do not. The F-statistic suggests the model lacks overall statistical significance. The Durbin-Watson test indicates minimal autocorrelation, and multicollinearity is not a concern. These findings point out the value of fiscal policy and labor market conditions in shaping economic growth. The study offers tips for policymakers focused on sustainable economic development.

Source: Cognizance Journal of Multidisciplinary Studies

DOI: 10.47760/cognizance.2025.v05i05.056

Authors: Wasif Mehdi, Shabab Haider

Institutions: Universitas Islam Internasional Indonesia, University of Sargodha

Language: English

Topic: Unemployment and Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W4410904635

FWCI:

Cites:

Cited by:

Related to: 10