THE IMPACT OF CORRUPTION, UNEMPLOYMENT, FOREIGN DIRECT INVESTMENT AND ECONOMIC STABILITY IN THE COUNTRY'S ECONOMIC DEVELOPMENT
THE IMPACT OF CORRUPTION, UNEMPLOYMENT, FOREIGN DIRECT INVESTMENT AND ECONOMIC STABILITY IN THE COUNTRY'S ECONOMIC DEVELOPMENT

Summary/Abstract: The main purpose of this paper was to analyze the impact of corruption, unemployment, foreign direct investment and political stability on the level of economic development using data from 1999. Estimated models for correlation and multi factorial regression result that only Foreign Direct Investment as an independent variable is statistically significant. This variable affect positively in economic development, while other variables such as corruption, unemployment and the index of economic stability are not statistically significant and they to have a negative effect on GDP growth of North Macedonia.

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