Export impact on country's economic growth

Abstract

Exports play an important role in many countries. When exporting goods and services the countries receive income, which contributes to the growth of the total domestic product. The purpose of this article – examine the influence of exports on the economic growth of the country. Objectives: describe the concept of export and theoretically substantiate the impact of exports on economic growth, describe correlation-regression analysis methods and to investigate the influence of export factors on economic growth 2005-2016 period of time and to determine the relationship between the factors using a correlation-regression analysis. The following methods are used to perform the study: analysis of scientific literature, correlation, dual regression and multiple regression analysis. The results have shown that the export of some products has a positive effect on economic growth.