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The construction industry in many developing countries is considered the main engine for economic growth. Quantification of the resilience of the construction industry in developing economies is essential for stakeholders and decision makers. Many researchers have attempted to quantify the construction industry's resilience in the context of developed economies; however, there is lack of established measures of such quantification in developing countries. This paper proposes a framework for the composition of an index that quantifies the resilience of the construction industry in developing countries. The proposed framework is demonstrated in the context of three developing countries: Rwanda, Egypt, and Turkey. The index is composed of measures such as the construction value added to a country's gross domestic product (GDP) and employment in construction. Principal Component Analysis (PCA) is utilized for weighting and aggregation of the individual variables. Studying the causal relationship between construction growth and economic development from 1971 to 2022, results show that construction growth leads to economic development in each of the three countries. Results of the proposed index values indicate that the construction industry in each of the three countries demonstrated increased resilience by sustaining both its outputs and its employment generation aspect in the two years following the coronavirus pandemic in 2019. Quantification of the construction industry's resilience in countries where the construction growth leads to the economic growth would provide a crucial insight for stakeholders and decision makers. [ABSTRACT FROM AUTHOR]

In terms of structure, state and evolution of the economy in the last decades, Romania and Bulgaria have common characteristics, being similar also, from the development perspectives point of view, with goals and projections that are intertwined. This study aims, on the one hand, to capture the economic situation as a whole, at the level of the two countries, and on the other hand to identify the best ideas, but also viable measures, which lead to the achievement of the set objectives, in the next period. At the same time, based on V A R - Vector Autoregression Model analysis, a correlation report is analyzed, which identifies three of the most important macroeconomic indicators, in the current economic environment, namely: public debt, gross domestic product, respectively investments. The reference period considered is between the years 2009 - 2021, with a quarterly frequency. [ABSTRACT FROM AUTHOR]

Studying the impact of the high-speed railway (HSR) on economic growth has important practical significance and can provide a theoretical basis for government investment in infrastructure. In this study, the adoption of HSR was used for natural and rigorous exploration. Based on the panel data on counties in Hubei Province of China from 2001 to 2017, a synthetic control method was used to analyse the impact of HSR on the economic growth of county-level areas with different economic bases. The results showed that HSR had different influences on the economic development of county-level cities with different economic bases in the short term. The Wuhan-Guangzhou HSR had significantly promoted the gross domestic product (GDP) growth of Chibi City with a good economic foundation. The robustness test results revealed that the promoting effect was significant at a level of 3.7%. The Hefei-Wuhan section of the Shanghai-Wuhan-Chengdu HSR had significantly inhibited the GDP growth of Hong'an County by developing on a weak economic foundation. The robustness test results revealed that the inhibitory effect was significant at the level of 2.8%. However, the Hefei-Wuhan section had a stable and promoting effect on Macheng City. Based on the abovementioned conclusions, each county-level city should focus on long-term economic development, invest in HSR construction based on local conditions instead of blind expansion, make use of HSR to vigorously develop characteristic industries, and implement talent retention and introduction policies. [ABSTRACT FROM AUTHOR]

Energy plays an important role in economic development. This paper deals with the long-run relationship between energy consumption and real GDP for V4 countries from 2005 to 2019. The analysis was based on the unit root tests, co-integration tests, and causality tests. There are two questions. The first question is if energy consumption the stimulus to GDP, resp. energy consumption causes GDP. And the second question is if GDP the stimulus for energy consumption, resp. GDP causes consumption of energy. Energy consumption has an essential role in the economy on both the demand and the supply. It means that there should be a causal relationship from energy consumption to GDP as well as vice versa. Given that in the long run the energy consumption Granger causes the GDP in Slovakia, Hungary, and the Czech Republic, it means that energy consumption could cause economic growth in these countries. The only country where no significant relationship between energy consumption and the GDP has been demonstrated in Poland. [ABSTRACT FROM AUTHOR]

Capital stock is possessing pivotal importance in stimulating the economic growth and development of any country. Inward FDI is considered as one of the important catalysts of economic development particularly for the resource and capital poor countries. In this article we have examined the relationship between inward FDI and economic growth in case of one of the emerging economies of Latin America i.e., Brazil. We took annual time series data for the dependent and independent variables like inward FDI, per capita Gross Domestic Product (GDP), employment, capital formation, and exports for the period ranging from 1996 to 2019. We ran Ordinary Least Square Regression and Random Effect Regression Analysis for gauging the nature of relationship between the variables as well as for testing the robustness of the results. We found that FDI has a positive and significant relationship with GDP and the exports. Whereas, FDI has insignificant relationship with the employment and capital formation. The article holds an important policy implication for the other developing countries of Latin America; they need to attract good amount of inward FDI to achieve the robust economic growth and development. [ABSTRACT FROM AUTHOR]

In this paper, the authors revealed the concepts of development and economic growth, economic sustainability and quality of life. The authors determined and analyzed in dynamics the period 2010-2018, the trend of changing indicators, development and economic growth at the macroeconomic level such as: the value of Gross Domestic Product (GDP), GDP per capita, and the dynamics of the average monthly nominal salary of an employee per economy, disposable incomes per person, their structure and socio-economic indicators that characterize the quality level of the age of the population in the Republic of Moldova. Although there are modest increases in the number of nominated indicators, the authors consider that there are still a number of issues that need to be addressed, solved and complied with EU and other international standards. The research contains data that will surely be of interest to those concerned with the quality of life of the population. In essence, research in the field of quality of life aims at creating a complex image of quality of life, by analyzing different components of population's life. The following research procedures and methods have been applied in the research process: observation method, comparison, graphical method, table method, chronological series method, etc. [ABSTRACT FROM AUTHOR]

This article analyzed the relationship between financial development, renewable energy consumption, economic growth, and energy prices in Azerbaijan by employing time series data for the time span of 1993–2015. The autoregressive distributed lagged (ARDL) technique was applied in empirical estimations, because it performs better than all the alternative techniques in small samples, which was the case here in this article. The results of estimation found that there is a positive and statistically significant influence of financial development and economic growth on renewable energy consumption, whereas the prices of energy proxied by CPI have an adverse impact on renewable energy consumption in Azerbaijan. Also, estimation results demonstrated that a 1% rise in financial development, proxied by domestic credit as a percentage of GDP, and economic growth increase renewable energy consumption by 0.16% and 0.60%, respectively. The different financial development impacts on renewable energy consumption and related policy implications were also introduced. [ABSTRACT FROM AUTHOR]