528 results
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2. Poverty in India estimated to have declined to 8.5% in 2022-24: NCAER paper.
- Subjects
POVERTY ,ECONOMIC expansion - Abstract
Economic growth and poverty decline create a dynamic climate that requires nimble social protection programmes [ABSTRACT FROM AUTHOR]
- Published
- 2024
3. The White Paper alleges that the UPA exploited economic growth for narrow political gains.
- Subjects
ECONOMIC expansion ,INVESTORS ,FINANCE ministers - Abstract
The White Paper on Indian Economy, presented by Finance Minister Nirmala Sitharaman, criticizes the UPA government for hindering economic growth and exploiting it for narrow political gains. The paper claims that the UPA government took advantage of the positive effects of previous reforms and global conditions without considering the long-term consequences. It highlights issues such as bad loans, high fiscal and current account deficits, double-digit inflation, and a decline in investor confidence. The paper contrasts this with the current government's efforts to restore the economy's vitality and instill confidence and purpose. [Extracted from the article]
- Published
- 2024
4. The dilemma of valuing geodiversity: geoconservation versus geotourism.
- Author
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Anougmar, S., Meesters, A., van Ree, D., and Compernolle, T.
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GEOTOURISM ,VALUATION ,GEODIVERSITY ,TOURISM impact ,DILEMMA ,ECOSYSTEM services ,ECONOMIC expansion - Abstract
Geodiversity and geosystem services are confronting global threats. However, the majority of conservation strategies tend to overlook the geological component within ecosystems. The existing literature centres on biodiversity, ecosystem services and their economic valuation. In this paper, we conduct a systematic literature review to identify the gap in the assessment of geological diversity, pinpointing areas where scientific contributions are needed to safeguard geological resources. Our findings reveal a concentration of studies assessing geodiversity in European and Asian countries. While the majority of the reviewed papers emphasizes the recreational features and associated values of geological resources, promoting geotourism and recognizing its potential for economic growth, there is a significant oversight concerning the impact of tourism on geological resources. Existing assessments predominantly focus on visitors' perceptions and preferences, sidelining the inhabitants' perspective and their crucial roles in the conservation of geodiversity. This article is part of the Theo Murphy meeting issue 'Geodiversity for science and society'. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
- View/download PDF
5. Nachhaltigkeit als Chance für den Mittelstand: Die Klingele Paper and Packaging Group investiert in Zukunftsmärkte.
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SUSTAINABLE development ,BUSINESS planning ,SUSTAINABLE investing ,SOCIAL responsibility ,ECONOMIC expansion - Abstract
Copyright of Wochenblatt für Papierfabrikation is the property of dfv Mediengruppe and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
6. Logistics, transportation and infrastructures at the sea-land interface: the open issues.
- Author
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Stimilli, A., Benedetto, A., Mannini, L., and Gemma, A.
- Subjects
INFRASTRUCTURE (Economics) ,DIGITAL twins ,LOGISTICS ,ECONOMIC expansion - Abstract
Transportation and logistics are relevant assets of modem countries and they represent a strong pillar of gross product and economic growth. In the last decades, this sector has extremely increased its market dimension, related operations and corresponding activities so that several issues occurred due to the frequent inadequacy of existing infrastructures and structures if compared to the new trends and needs. The paper gives an overview about the main elements, defining weaknesses and strengths, both from a management and operational point of view and from a building and construction perspective. One important strategy, herein discussed, to tackle these critical issues is the transition to digital models and the implementation of digital twin, with the final aim to investigate the so called "what if' scenarios and plan new projects. In addition, the paper mentions the main problems related to the typical physical constrains for the implementation of civil constructions at the interface between land and see, that is a vulnerable and critical environment. Finally, a very urgent and serious topic that is considered in the paper is the sustainability, analyzed in a "digital" perspective, under the note of Agenda 2030. [ABSTRACT FROM AUTHOR]
- Published
- 2024
7. Die Zukunft fest im Blick.
- Subjects
DIGITAL technology ,PAPER industry ,ECONOMIC expansion ,CHIEF executive officers ,EXPERTISE ,PAPER mills - Abstract
Copyright of Wochenblatt für Papierfabrikation is the property of dfv Mediengruppe and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
8. Do foreign direct investment and foreign aid accelerate economic growth in developing countries?
- Author
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Choi, Yong-Jae and Kim, Seung-Nyeon
- Subjects
FOREIGN investments ,DEVELOPING countries ,INTERNATIONAL economic assistance ,LOW-income countries ,ECONOMIC expansion ,INSTITUTIONAL environment - Abstract
Purpose: This paper aims to study the impact of foreign direct investment (FDI) and official development assistance (ODA) on the economic growth of developing countries. This paper classifies sample countries into two groups (low- and high-income developing countries) based on income level and investigates whether the two sources of foreign capital have different effects on the economic development of each subgroup of countries. Design/methodology/approach: The authors analyze panel data on 93 countries from 1981 to 2020 using a two-stage least squares (2SLS) estimation. The 2SLS method is used to overcome the endogeneity problem between economic growth and FDI. The sources of the data are World Bank and OECD. Findings: First, FDI inflows tend to accelerate per capita GDP growth in both total sample countries and within both groups of countries. Second, ODA has a significant impact on per capita GDP growth only for low-income developing countries. This result indicates that ODA seems to be particularly important for low-income developing countries. Practical implications: This paper suggests policy implications that low-income developing countries should create an environment for more ODA funds to flow into themselves with efforts such as improving the credibility and effectiveness of the government related to ODA programs. It also provides implications for donors of ODA to focus their ODA resources on low-income developing countries to more effectively achieve the goal of helping developing countries' economic growth. Originality/value: This paper investigates whether FDI and ODA have different effects on the economic development of low- and high-income developing countries. To the best of authors' knowledge, this point is not addressed in existing studies. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
- View/download PDF
9. Transformative innovation policy – lessons from the innovation system literature.
- Author
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Lundvall, Bengt-Åke
- Subjects
CLIMATE change ,TRANSFORMATIVE learning ,INCOME inequality ,ECONOMIC expansion - Abstract
This paper criticizes attempts to present narrow perspectives on innovation policy as reflecting the use of the concept innovation system. While it is correct that innovation policy, at least until recently, has given higher priority to economic growth than to global challenges such as climate change and income inequality this is in no way immanent in the innovation system concept. To illustrate, the author introduces concepts and perspectives related to the innovation system approach which are particularly useful, when it comes to develop innovation policies aiming at system transformation. It is concluded that there is a need to combine different theoretical framings as inspiration for transformative innovation policy. In addition, all framings need to have a double focus on climate change and global income inequality, and they need to go beyond national perspectives and consider policies aiming at system transformation at the global level. While the paper refers to empirical illustrations it is principally conceptual. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
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10. Financial development and economic diversification in Qatar: does Islamic finance matters.
- Author
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Shawtari, Fekri Ali, Elsalem, Bilal Ahmad, Salem, Milad Abdelnabi, and Shah, Mohamed Eskandar
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ECONOMIC development ,ISLAMIC finance ,ECONOMIC indicators ,BANKING industry ,ECONOMIC expansion ,INTERMEDIATION (Finance) - Abstract
Purpose: The financial system plays an essential role in facilitating the intermediation process for economic growth. Policymakers stress on achieving a well-developed and regulated financial system to achieve economic development and resiliency. Using data from the State of Qatar, this paper aims to examine the impact of financial development indicator on economic growth; the impact of financial development indicator on hydrocarbon and nonhydrocarbon sector; the impact of Islamic banking on hydrocarbon and nonhydrocarbon economic growth. Design/methodology/approach: The research uses quarterly data from 2007 to 2019 and adopts autoregressive distributed lag cointegration techniques to test the long- and short-run dynamic relationship between various measures of financial development and economic growth. Findings: The results present evidence of long-term cointegration between overall financial development indicator and economic growth. Furthermore, the authors document the existence of long-term relationship between financial development and nonhydrocarbon sector. However, there is a lack of evidence on the long-run relationship between financial development and the hydrocarbon sector. Notwithstanding, Islamic banking contributes to overall economic development, as well as to the nonhydrocarbon sector. Practical implications: This paper offers policymakers with insights to evaluate measures to diversify the economy. It also assists decision-makers in promoting Islamic finance, particularly to the banking sector as a vital contributor to economic growth. Originality/value: To the best of the author's knowledge, this paper is the first to evaluate financial development and economic growth for the case of Qatar in light of recent developments in Islamic finance. [ABSTRACT FROM AUTHOR]
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- 2024
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11. Securities regulation and capital market development in Nigeria: recurring challenges and prospect for solution.
- Author
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Nwatu, Samuel Ihuoma, Arum, Edwin Chukwuemeka, and Chime, Ikechukwu P.
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CAPITAL market ,FINANCIAL markets ,FINANCIAL inclusion ,WEALTH distribution ,ECONOMIC structure ,INVESTOR protection ,SECURITIES industry laws ,ECONOMIC expansion - Abstract
Purpose: The purpose of this paper, therefore, is to amplify the imperativeness for a re-oriented regulatory approach that prioritizes constructive engagement with the regulated communities, harnessing the existing pool of savings and retention of market participation. Design/methodology/approach: The paper adopts a doctrinal legal research design with data drawn from primary and secondary sources of law. The primary sources include case laws and statutes, and the secondary sources include book chapters, journal articles and other internet-sourced materials. Findings: The paper finds that the status quo in Nigeria if left to continue would spell severe economic disaster for Nigeria's securities administration, but a well-structured realignment of the regulations would boost the country's securities market effectiveness. Research limitations/implications: The research's conclusions and suggestions might only be applicable to Nigeria's particular situation with regard to capital market development and securities regulation. Other nations or locations with distinct regulatory systems, market structures and economic situations may not be able to immediately adapt it. When extending the research results outside of the Nigerian environment, caution should be exercised. For regulatory agencies and policymakers, the research offers insightful suggestions. The analysis may pinpoint certain areas where policy changes are required to address reoccurring problems and improve the chances for a healthy capital market. Practical implications: For Nigeria's regulatory frameworks controlling securities to be strengthened, this paper would be crucial. To make sure they are in line with global best practices, this entails examining and revising current laws, rules and standards. A stronger regulatory environment may also result from the implementation of harsher enforcement procedures and consequences for noncompliance. It is also required for creating market infrastructure, fostering market integration and cooperation, facilitating access to capital, monitoring and evaluation. It would also benefit investor education and protection. Social implications: Addressing these persistent issues and potential remedies in Nigeria's capital market development and securities regulation would have various advantageous social effects. These include improved market infrastructure, more financial inclusion, improved investment protection for investors and improved market openness and integrity. Such results will help Nigerian society as a whole by fostering economic expansion, job creation, wealth distribution and general social progress. Originality/value: This paper is the original work of the authors and has not been published anywhere nor submitted to another journal for publication. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
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12. The nexus between arms imports, military expenditures and economic growth of the top arms importers in the world: a pooled mean group approach.
- Author
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Chary, Shreesh
- Subjects
ECONOMIC expansion ,GRANGER causality test ,ECONOMIC impact ,MILITARY spending ,IMPORTERS - Abstract
Purpose: This paper explores whether data back the claim that imports of armaments are inherently bad for economic growth. Regardless of one's point of view, the production and trade of weaponry is a significant industry with serious economic implications that warrant investigation. The financial repercussions of military spending have been extensively studied, but the economic effects of arms importation remain unknown. Design/methodology/approach: This study adopts a pooled mean group approach to investigate the nexus between arms imports, military expenditure and per capita GDP for a balanced panel of twenty-five of the top arms importers in the world from 2000 to 2021. Findings: The authors find that arms imports and military spending negatively impact GDP per capita in the short run, but military spending is beneficial over the long run. The authors also used the Dumitrescu Hurlin Granger causality test, which revealed a unidirectional causation between per capita GDP and military expenditure, and a unidirectional causal relationship from military spending to arms imports. Research limitations/implications: This paper is deficient in a few aspects: first, it looks at only those countries comprising the top 70% of arms imports. Second, it omits many political, technological and legal factors that impact arms imports and military expenditures. Originality/value: This paper looks into the impact of defense spending and arms imports on economic growth for twenty-five nations with the highest share of arms imports in recent times. It is a significant addition to the literature as it resolves the debate of whether or not the military expenditure is wasteful and whether arms imports significantly harm the nation's economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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13. Xenophobia: a hindrance factor to South Africa’s ambition of becoming a developmental state.
- Author
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Blanco Niyitunga, Eric
- Subjects
XENOPHOBIA ,LOCAL delivery services ,EXPANSION of solids ,ECONOMIC structure ,ECONOMIC opportunities ,ECONOMIC expansion - Abstract
The prevalence of xenophobic violence toward foreigners has hindered South Africa’s ambition to become a developmental state since 2007, when the concept of a “democratic developmental state” was first endorsed during the African National Congress (ANC) conference in Polokwane. This ambition has also been thwarted by the inability of the post-apartheid regime to provide adequate and sustainable services to the citizens. Xenophobia has disrupted economic growth and has contributed to poor service delivery in local municipalities, thus leading to social protests. The developmental state depends mainly on a solid balance of economic growth and human development. It also leans on the capacity of the state to establish policies that address poverty and promote the expansion of solid economic opportunities. In this endeavor, migrants increase economic growth and make it sustainable, increase productivity, and promote the labor market. They also promote the labor force and human capital, economic growth, and public finance, thus enabling the realization of a developmental state. However, xenophobia has limited migrants’ contributions to economic growth and social well-being in South Africa. It has destructive effects on South Africa’s economic structure and growth, thus affecting the delivery of adequate services that would enhance its ability to achieve a developmental state. The paper recommends that there is a need for South Africa to understand that xenophobia affects economic growth and the service delivery framework. To address the prevalence of xenophobia and achieve its ambition of a developmental state, South Africa needs to hasten its responses to curb xenophobia and integrate migrants into economic opportunities. The paper adopted a qualitative research methodology and conceptual and document analysis techniques to collect data that enabled the achievement of the above assertions. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
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14. Action-Based Fiscal Consolidations and Economic Growth.
- Author
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Brueckner, Markus
- Subjects
ECONOMIC expansion ,LEAST squares ,RESEARCH personnel ,GROSS domestic product ,SIMULTANEOUS equations - Abstract
This paper tests the hypothesis that action-based fiscal consolidations have a negative effect on GDP growth. Using the IMF's dataset on action-based fiscal consolidations, instrumental variables' regressions show that action-based fiscal consolidations have a significant positive effect on GDP growth. The instrumental variables' regressions also show that action-based fiscal consolidations significantly increase investment and productivity. The findings presented in this paper thus strongly reject the hypothesis that action-based fiscal consolidations reduce growth. The paper argues that least squares estimates presented in previous literature suffer from negative reverse causality bias: GDP growth has a significant positive effect on both the likelihood and the magnitude of action-based fiscal consolidations. To uncover causal effects of action-based fiscal consolidations, researchers need to use an instrumental variables approach. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
15. Developing entrepreneurial ecosystem: a case of unicorns in China and its innovation policy implications.
- Author
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Poon, Teresa Shuk-Ching, Wu, Chia-Hsuan, and Liu, Meng-Chun
- Subjects
UNICORNS ,ECONOMIC expansion ,GOVERNMENT policy - Abstract
The concept of the entrepreneurial ecosystem (EE) has become increasingly popular among policymakers because of its potential to drive economic growth. In many countries, the promotion of EE has been linked with innovation policy but little research has been done to examine whether such policy can facilitate EE's development. Using the case study method to examine the growth of China's unicorns, which are productive entrepreneurial outputs of EE, this paper investigates the process of EE's emergence and development, and the role of government policies, including innovation policy, in promoting EE's growth. The paper advances three policy implications derived from the case study; first, the important role of government policies in creating institutional contexts; second, developing informal institutions, and third, implementing a systemic intervention, to promote EE's emergence and development. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
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16. Arms-length influence: Public sector wage setting and export-led economic growth in Czechia and Slovakia.
- Author
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Kahancová, Marta and Staroňová, Katarína
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PUBLIC sector ,ECONOMIC expansion ,MINIMUM wage ,EXPORT controls ,FOREIGN investments ,WAGES - Abstract
Studies on the drivers of public sector wage setting (PSWS) within the broader political and economic conditions in Central and Eastern Europe are scarce. To fill this gap, the paper questions to what extent the export-led growth model, based on foreign direct investment as driver of economic growth, influenced PSWS in Czechia and Slovakia after the 2008–2009 crisis. The paper provides new evidence of the appropriateness of the growth model literature, integrated by consideration of global production chains integration, for understanding PSWS in CEE conditions. The analysis shows that PSWS followed institutional traditions and established practices that only indirectly related to the countries' export orientation and integration into global production chains. The indirect growth model impact on PSWS in CEE conditions is channeled through a strong role of the statutory minimum wage, which serves as a wage benchmark both for the export sector and PSWS. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
17. Labour would 'evaluate different models for LGPS pooling': Policy paper focuses on 'defining economic mission' to restore growth.
- Author
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George, Martin
- Subjects
ECONOMIC expansion ,FINANCIAL planning - Abstract
The article focuses on Labour's proposal to evaluate different models for pooling in the Local Government Pension Scheme (LGPS) as part of its plans to boost economic growth, contrasting with the government's recent reforms to the LGPS aimed at setting out a model for pooling over time.
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- 2024
18. An overview of university-industry collaboration in the Arab world.
- Author
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Hojeij, Zeina
- Subjects
ACADEMIC-industrial collaboration ,ECONOMIC expansion ,ECONOMIC development ,HIGHER education ,BUSINESS partnerships - Abstract
University–Industry Collaborations (UIC) are increasingly recognized as crucial drivers of economic growth and development. While numerous studies have been conducted on this topic, this paper specifically focuses on UIC in the Arab World. The aim of this study is to explore the establishment of successful UIC by conducting a review of existing literature to identify and synthesize key factors that enable collaborative innovation between industry and universities. The findings are summarized into six main themes: the importance of UIC, barriers to UIC, gaps between universities and industry in the Arab World, partnerships and sustainable growth, current trends and perspectives, and future agenda for Arab countries. These themes are elaborated on and used to summarize results from the reviewed studies regarding facilitators of collaborative innovation. The contribution of this work lies in enhancing the existing body of literature and knowledge regarding collaboration between higher education and industry in the Arab World. This research presents specific measures that can be implemented to ensure successful UIC in the future. Its outcomes are significant for policymakers, academics, and industry experts in the Arab region, who aspire to form productive UIC partnerships that encourage economic development and innovation. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
19. THEORETICAL ASPECTS OF THE GROSS DOMESTIC PRODUCT.
- Author
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HADJIKAMBER, Belma
- Subjects
GROSS domestic product ,ECONOMIC indicators ,ECONOMIC models ,ECONOMIC activity ,ECONOMIC expansion ,SUICIDE statistics - Abstract
Most of the research in the macroeconomic theory points to the fact that the most important economic aggregates at the level of the economy are: the gross domestic product, the level (rate) of unemployment and the inflation rate. The gross domestic product represents the most synthetic indicator of the total economic activities of a country, i.e. of the reached level of its economic development. This paper presents the methods for calculating GDP: the production, income and expenditure method. Also, in the focus of analysis of this paper are the classical models of economic growth, Keynesian models of economic growth, neoclassical models of economic growth and new models of economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2024
20. Economic Growth and Inflation Tradeoffs within Global Stagflation: Evidence from the Vietnam Economy.
- Author
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Hung, Ly Dai
- Subjects
EFFECT of inflation on unemployment ,ECONOMIC expansion ,PRICE inflation ,MONETARY policy ,PHILLIPS curve ,FISCAL policy ,CAPITAL investments - Abstract
The paper analyzes the interaction of economic growth and inflation rate on accounting for both sources of capital investment and global shocks. The analysis method is a time-varying coefficient Bayesian vector autoregression (TVC-BSVAR) model applied in a quarterly data sample of the Vietnam economy over Q2/2001–Q4/2022. The global factors, including the world economic growth and the inflation rate, are the most important drivers of domestic growth and inflation rate. A greater world growth rate raises the domestic growth rate while a higher world inflation rate increases the domestic inflation rate. If the world economy falls into stagflation with declining growth and a rising inflation rate, Vietnam's economic growth reduces while the inflation surges. The monetary and fiscal policy can be employed to recover domestic economic growth but with an associated surge in the domestic inflation rate. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
21. Does Renewable Energy Matter for Economic Growth and Happiness?
- Author
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Ostrowska, Aleksandra, Kotliński, Kamil, and Markowski, Łukasz
- Subjects
RENEWABLE energy sources ,ECONOMIC expansion ,WIND power ,HAPPINESS ,SOLAR energy ,RANDOM effects model - Abstract
This paper investigates whether renewable energy influences economic growth and happiness. Using panel data from 25 European Union countries for the period 2012–2022, this study employs a panel model for estimation with fixed and random effects, and robust HAC standard errors. According to the research results, in general, the growing share of renewable energy in the energy mix has a positive impact on economic growth and the happiness of citizens. However, detailed research has shown that this effect depends on the type of energy; a significant positive impact was recorded only in solar share energy, wind share energy and economic growth. However, almost all types of renewable energy were included, i.e., biofuel, hydro, solar and other renewable share energy, and all had a significantly positive impact on the level of happiness. The exception was wind share energy, which showed a significant negative impact. The research findings of this paper provide empirical support for promoting renewable energy, which is positive both for economies and the happiness of citizens. It is one of the main aspects of sustainable economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
22. Why is Labor in the SSA LDCs Moving from One Low Productivity Sector to Another?
- Author
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Azenui, Ngwinui Belinda
- Subjects
DEVELOPING countries ,GRANGER causality test ,ECONOMIC change ,PANEL analysis ,ECONOMIC expansion - Abstract
Copyright of European Journal of Development Research is the property of Palgrave Macmillan Ltd. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
23. Analyzing the Threshold Impact of Public Debt on Economic Growth: an Investigation of the New Member States within the European Union.
- Author
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Gashim, Burim and Rexhepi, Gazmore
- Subjects
DEBT-to-GDP ratio ,PUBLIC debts ,ECONOMIC activity ,ECONOMIC expansion ,PER capita - Abstract
This paper aims to analyze the impact of public debt on economic growth in eleven EU new member states (NMS) from Central and South-Eastern Europe for the period 2000--2019. More specifically, we investigate if there is evidence of a non-linear (quadratic) relationship in this group of countries. Having in mind different economic and financial development, historical connections, and geographical proximity, we split them into three more homogenous groups: Balkan countries (BAL-4), Baltic countries (B-3), and Visegrad countries (VIS-4). The results of our study in all models indicate a statistically significant non-linear impact of public debt ratios on annual GDP per capita growth rates. The results across all models show a significant non-linear impact of public debt ratios on annual GDP per capita growth rates. Further, the calculated debt-to-GDP turning point, where the positive effect of accumulated public debt inverts into a negative effect, is roughly between 42.7%--58% of GDP, dependent on which sub-group we have analyzed. In general, the research may contribute to a better understanding of the problem of high public debt and its effect on economic activity in the new EU. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
24. What levels of informality tackle poverty in Africa? Evidence from dynamic panel threshold analysis.
- Author
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Bolarinwa, Segun Thompson and Simatele, Munacinga
- Subjects
POVERTY ,MOMENTS method (Statistics) ,EMERGING markets ,ECONOMIC expansion - Abstract
Purpose: The paper validates the threshold argument in the informality–poverty nexus. Recent literature and policy have argued the existence of a threshold in the relationship. Design/methodology/approach: The study adopts dynamic panel threshold analysis, estimated within the framework of system Generalized Method of Moments (SGMM) to control for endogeneity and simultaneity. Data from 40 selected sub-Saharan African countries between 1991 and 2018 are used for the study. Findings: Empirical results confirm the existence of an average threshold of 31% share of informality in GDP. Also, the paper finds that threshold of informality that addresses mild and severe poverty varies between 24.32 and 36.75%. Research limitations/implications: The work is limited to African economies. Evidence from other emerging and developed economies is suggested for further research. Practical implications: Overall, the empirical results indicate a threshold in the informality–poverty nexus. Therefore, an excessive informality level does not benefit the African growth process. Policymakers and governments are advised to operate within the bounds of the threshold of informality that reduces poverty and improve the African economic growth process. Originality/value: The paper is the first study to provide empirical findings on the nonlinear and threshold argument in the informality–poverty nexus, as far as the authors know. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
25. THE ROLE OF MANUFACTURING SECTOR TO ECONOMIC GROWTH IN NORTH MACEDONIA.
- Author
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Lazarov, Darko
- Subjects
ECONOMIC sectors ,MANUFACTURING industries ,ECONOMIC expansion ,AUTOMOBILE industry ,TECHNOLOGY transfer ,ECONOMIC convergence ,PRODUCTIVITY accounting - Abstract
Copyright of Ekonomika is the property of Society of Economists 'Ekonomika' and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
26. Spatial analysis of digital economy and its driving factors: A case study of the Yangtze River Delta City Cluster in China.
- Author
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Zhong, Haidong, Wang, Bifeng, and Zhang, Shaozhong
- Subjects
HIGH technology industries ,REGIONAL development ,ECONOMIC expansion - Abstract
The digital economy (DE) has become a major breakthrough in promoting industrial upgrading and an important engine for high-quality economic growth. However, most studies have neglected the important driving effect of regional economic and social (RES) development on DE. In this paper, we discuss the mechanism of RES development promoting the development of DE, and establish a demand-driven regional DE development model to express the general idea. With the help of spatial analysis toolbox in ArcGIS software, the spatial development characteristics of DE in the Yangtze River Delta City Cluster (YRDCC) is explored. We find the imbalance of spatial development is very significant in YRDCC, no matter at the provincial level or city level. Quantitative analysis reveals that less than 1% likelihood that the imbalanced or clustered pattern of DE development in YRDCC could be the result of random chance. Geographically weighted regression (GWR) analysis with publicly available dataset of YRDCC indicates RES development significantly promotes the development of DE. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
27. MEASURING THE EFFECT OF ENTRY INTO THE EUROZONE ON ECONOMIC GROWTH -- DATA STORYTELLING USING CLUSTERING AND ANFIS.
- Author
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BOSNA, Jurica, BRLEČIĆ VALČIĆ, Sonja, and PEŠA, Anita
- Subjects
RATINGS & rankings of public debts ,EUROZONE ,ECONOMIC expansion ,MONETARY unions ,ECONOMIC forecasting ,INTERNATIONAL economic integration - Abstract
The aim of this paper is to examine the impact of a country's entry into the monetary union on its economic variables growth rate of real GDP as well as on GDP per capita growth for the period from 2010 to 2020. The clustering method and the ANFIS method were used in the data analysis. A total of two cluster analyses were performed. The first cluster includes countries that joined the EU in 2004 and became EZ members by 2010. The second cluster refers to those countries that joined the EU in 2004 but are not yet members of the EZ. For the first individual cluster analysis two models were analysed and for the second individual cluster three models were analysed using the ANFIS method. As expected, the results showed that GDP growth is connected with trade, inflation and gross investments in fixed capital in the observed countries, while GDP per capita is connected with unemployment, interest rates and public debt. With regard to GDP growth, the difference between countries that are in the eurozone and those that are not is not significant, which is in line with other studies. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
28. PROCYCLICAL ECONOMIC POLICY AND RISKS ON ECONOMIC GROWTH SUSTAINABILITY IN ROMANIA.
- Author
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TOBĂ, Daniel, SIMION, Dalia, and TÎRCĂ, Diana-Mihaela
- Subjects
ECONOMIC policy ,SUSTAINABLE development ,BUSINESS cycles ,PRICE inflation ,ECONOMIC expansion ,DEMAND forecasting - Abstract
The current situation of the Romanian economy must be understood beginning from the analysis of the main measures of fiscal-budgetary policy applied over the last years by the public authority. In general, the Romanian fiscal policy (before and after accession) was procyclical. However, we continue by presenting some of its characteristics for the past years when we underwent the last ascending phase of the economic cycle. Actually, Romania's GDP exceeded constantly the potential level, and the demand surplus became predominant, generating inflationary pressures. Maintaining the expansionist level of the fiscal policy, in the conditions of a positive deviation of GDP, as of 2017, and opting-out regarding the structural deficit target contributed to affecting the stability of public finances, on short-and medium-term. Romania entered into an extremely difficult economic context, generated by the pandemic, with an extremely narrow fiscal space which limited a lot the possibilities of combating the effects of the pandemic. In this paper we analyzed a period limited to the year 2020, because we consider this time as marking the end of an economic cycle in a period of peace and economic calm, as another is about to begin based on the new realities. [ABSTRACT FROM AUTHOR]
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- 2024
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29. The Nexus between Oil Consumption, Economic Growth, and Crude Oil Prices in Saudi Arabia.
- Author
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Alkofahi, Kolthoom and Bousrih, Jihen
- Subjects
OIL consumption ,PETROLEUM sales & prices ,ECONOMIC expansion ,ENERGY consumption ,ENERGY industries ,ENERGY subsidies - Abstract
The energy revolution in Saudi Arabia has accelerated significantly since 2016, driven by the National Vision 2030. Significant changes to energy subsidies took place, and the renewable energy sector has seen rapid growth. The paper presents an empirical analysis of the Saudi energy transition by emphasizing the drivers of fuel consumption in KSA. It primarily attempts to explore the long-run (LR) connection between oil consumption and several economic variables such as economic growth, crude oil prices, investment, and the labor force in Saudi Arabia (KSA) from 1991 up to 2021. The paper implemented the vector error correction model (VECM) and performed different diagnostic tests to provide more evidence about the validity and robustness of the tests. The empirical findings highlighted how important the labor force, savings, GDP, and crude oil price are in determining oil consumption for KSA. The law of demand is significantly present, which negatively affects oil consumption for KSA as an oil exporting country. The results also supported the existence of a long-term direct correlation between the variables and oil consumption. Furthermore, the short-term estimation highlighted that only saving has a negative impact on oil consumption for a single lagged period. Our findings provide governments and regulators with further incentive to slow the expansion in oil consumption, as a larger labor force is demanding more oil to attain the target, faster economic growth, and increased savings are all contributing factors. Our findings are significant because they can assist policymakers, investors, and regulators in generating more efficient oil substitutes and making them affordable for the economy. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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30. Economic Growth and Spatial Analysis in Transport Corridors: A Preliminary Review.
- Author
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Lakhminarayanan, S., Nair, Shalini R., and Chandrasekar, P.
- Subjects
ECONOMIC expansion ,STRUCTURED financial settlements ,AIRLINE routes ,CONCEPTUAL structures ,INFRASTRUCTURE (Economics) ,META-analysis ,WATERWAYS - Abstract
The construction and development of international transport corridors have become a means of cross-border space governance, promoting the flexibility of international industrial chains and supply chains. Due to the uncertainty of cooperation, the development of international transport corridors entails a long-term and complex system of engineering. Transport corridors can generate wider economic benefits and costs through their effects on a potentially diverse set of development outcomes, such as economic growth, poverty, jobs, equity, environmental quality, and economic resilience. The focus on roads, rails, and waterways is justified, as transport corridors based on these modes have clearer potential for economic spillovers than, for example, airline routes. The current paper describes a multi-method approach involving spatial and non-spatial analysis to investigate spatial disparity along a proposed corridor and examine its integration within the existing settlement structure. The conceptual structure for the review is guided by a simple canonical model describing the policy maker's problem in maximizing the net wider economic benefits of corridors. The meta-analysis confirms that characteristics of individual studies, as well as the placement and design of transport infrastructures, systematically influence the findings of corridor studies. It also shows that, on average, estimated impacts of corridor interventions on economic welfare and equity tend to be beneficial, while they are often detrimental to environmental quality, and possibly also to social inclusion. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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31. Politicizing science vs. technicalizing politics: A comparative study of Kastelli Heraklion International Airport, Greece and Chinchero Cusco International Airport, Peru.
- Author
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Parthenis, Spyridon, Moira, Polyxeni, and Mylonopoulos, Dimitrios
- Subjects
INTERNATIONAL airports ,COMPARATIVE government ,REGIONAL development ,INTERNATIONAL tourism ,TOURISM websites ,ECONOMIC expansion ,TOURIST attitudes - Abstract
Copyright of Dos Algarves: A Multidisciplinary e-Journal is the property of Dos Algarves: A Multidisciplinary e-Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2024
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32. Caring for environment sustainability: how human capital, natural resources and economic growth interact with ecological footprint in Morocco?
- Author
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Neifar, Malika, Ghorbel, Amira, and Bouaziz, Kawthar
- Subjects
ECOLOGICAL impact ,NATURAL resources ,HUMAN capital ,ECONOMIC expansion ,ENVIRONMENTAL quality ,ENVIRONMENTAL degradation - Abstract
Purpose: This study attempts to come in help for Morocco by investigating rigorously the linkage between environmental degradation, measured by ecological footprint (EF), and the gross domestic product growth (EG), the human capital (HC) index and the natural resources (NR) depletion over the period of 1980:Q1 to 2021:Q1. The paper examines the validity of environmental Kuznets curve (EKC) hypothesis in the Moroccan context. Design/methodology/approach: Unlike previous studies, which are based only on the autoregressif dynamic linear (ARDL) model, this paper investigates two recent models: the novel DYNARDL simulation approach and the Kernel-based regularized least squares (KRLS) technics and uses in addition the frequency domain causality (FDC) test. Findings: Models output say a significant and negative association between HC and the EF and a significant and positive interplay between economic growth and environmental quality in the long term. In the short term, findings reveal a significant and negative association between NR and the EF. Based on the FDC test, results conclude about a unidirectional causality from NR to the EF in short-, medium-, and long-term. Moreover, results validate the EKC hypothesis for the Moroccan environment sustainability. Originality/value: In this study, the researchers use the "ecological footprint" as dependent variable to obtain more accurate and comprehensive assessment of environmental deterioration. Based on time series data investigations, this study is the first paper, which validates the EKC hypothesis and develops important policy implications for Morocco context to achieve sustainable development targets. [ABSTRACT FROM AUTHOR]
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- 2024
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33. Labour productivity in Italian regions: A gravitational model approach.
- Author
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Filipowicz, Katarzyna, Kelebaj, Oleksij, and Tokarski, Tomasz
- Subjects
LABOR productivity ,ECONOMIC models ,ECONOMIC expansion ,SPATIAL variation ,COMPUTER simulation - Abstract
The aim of the paper is to assess the causes of spatial variations in labour productivity of Italian regions using the gravitational model of economic growth. The model is an extension of Robert Solow's economic growth model. The model parameters are calibrated using historical data and numerical simulations of the long-run equilibrium states of the model are carried out. The scenarios considered in the paper vary in forecast investment rates, employment growth rates and urbanisation rates. Based on the results of numerical simulations, it is claimed that to achieve the full convergence in labour productivity, it is necessary to maintain higher investment rates in the south of the country than in Lombardy (by about 4%–11%), and to keep investment rates in central and northern Italy at a similar level as in Lombardy. The fall in investment has affected the poorest regions, Southern Italy, the most, followed by central Italy and the richest regions of the north of the country the least. [ABSTRACT FROM AUTHOR]
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- 2024
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34. How can technology and efficiency alleviate the dilemma of economic growth and carbon emissions in China's industrial economy? A meta-frontier decoupling decomposition analysis.
- Author
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Miao Wang and Chao Feng
- Subjects
ECONOMIC conditions in China ,CARBON emissions ,DIGITAL divide ,ECONOMIC expansion ,DECOMPOSITION method ,MANUFACTURING processes - Abstract
This paper attempts to explore the decoupling relationship and its drivers between industrial economic increase and energy-related CO
2 emissions (ICE). Firstly, the decoupling relationship was evaluated by Tapio index. Then, based on the DEA meta-frontier theory framework which taking into account the regional and industrial heterogeneity and index decomposition method, the driving factors of decoupling process were explored mainly from the view of technology and efficiency. The results show that during 2000e2019, weak decoupling was the primary state. Investment scale expansion was the largest reason hindering decoupling process of industrial increase from ICE. Both energy saving and production technology achieved significant progress, which facilitated the decoupling process. Simultaneously, the energy technology gap and production technology gap among regions have been narrowed, and played a role in promoting decoupling process. On the contrary, both scale economy efficiency and pure technical efficiency have inhibiting effects on decoupling process. The former indicates that the scale economy of China's industry was not conducive to improve energy efficiency and production efficiency, while the latter indicates that resource misallocation problem may exist in both energy market and product market. [ABSTRACT FROM AUTHOR]- Published
- 2024
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35. In-depth impact of natural capital on China's economic growth and its mechanisms.
- Author
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HAO Feng, ZHANG Yuan, and LU Zhou
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NATURAL capital ,ECONOMIC expansion ,SUSTAINABLE development ,RESOURCE curse ,CART algorithms ,NONRENEWABLE natural resources - Abstract
As a fundamental factor driving economic growth, natural capital plays a key role in sustainable development. This paper incorporates various economic growth proxy variables into the MRW model and uses the BMA method to tackle the uncertainty issue of the model. Based on China's provincial-level panel data, this paper examines the impact of renewable natural capital and non-renewable natural capital on the country's economic growth and then carries out multiple mechanism analysis with the CART algorithm. The main findings are: 1 Natural capital has a significant deep impact on China's economic growth in models incorporating proximate and fundamental theories, and the direction of natural capital's impact varies with proxy indicators, which shows a significant 'Curse' effect of dependence and a 'Blessing' effect of abundance. This panoramic perspective can reconcile the serious disagreement on 'Resource Curse' among the literature. 2 The effects of renewable natural capital are in line with the 'Resource neutral' hypothesis, while nonrenewable natural capital has a stronger impact on economic growth in terms of both the 'Curse' effect of dependence and the 'Blessing' effect of abundance, and the overall effect on economic growth depends on patterns of resource use. 3 Under high physical capital accumulation, natural capital has a more fundamental impact on economic growth, and the 'Blessing' effect of abundance has been significantly enhanced. Based on their resource endowments and economic development levels, all provinces should reinvest natural resource rents in national wealth to mitigate the 'Resource Curse' through effective protection of natural capital and compensation from reinvestment. This is a reasonable way to embark on a win-win sustainable development path of economic development and ecological civilization. [ABSTRACT FROM AUTHOR]
- Published
- 2024
36. Digital inclusive finance, industrial structure, and economic growth: An empirical analysis of Beijing-Tianjin-Hebei region in China.
- Author
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Zhou, Wenhai, Zhang, Xiaoyu, and Wu, Xiaomin
- Subjects
FINANCIAL inclusion ,HIGH technology industries ,ECONOMIC expansion ,DIGITAL technology ,DIGITIZATION ,ECONOMIC impact ,URBAN research - Abstract
As a product of combining digital technology and traditional finance, digital inclusive finance plays a vital role in economic growth. This paper deeply analyzes the impact of digital inclusive finance on economic growth and the specific transmission path. This research selects the municipal panel data of Beijing-Tianjin-Hebei from 2011 to 2020 and empirically studies the impact of digital inclusive finance on economic growth. From the perspectives of industrial structure transformation speed, industrial structure upgrading, and industrial structure rationalization, this study analyzes the role of industrial structure in the impact of digital inclusive finance on economic growth and tests the heterogeneity of the impact of digital inclusive finance on economic growth. The results show that digital inclusive finance has a significant role in promoting economic growth. The depth of use of digital inclusive finance has the most significant impact, followed by the breadth of coverage, and the degree of digitization is the smallest. The industrial structure transformation speed and the industrial structure rationalization play a significant intermediary role in the economic growth effect of digital inclusive finance, and the industrial structure upgrading has no significant impact on the economic growth effect of digital inclusive finance; the promotion effect of digital inclusive finance on economic growth is bigger in the economically developed group, the higher digital inclusive finance group and the technologically developed group, and the promotion effect is smaller in the economically underdeveloped group, the lower digital inclusive finance group and the technologically underdeveloped group. The results provide a strong reference for policy formulation to promote the development of digital inclusive finance and economic growth. [ABSTRACT FROM AUTHOR]
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- 2024
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37. Modeling and analysis of demand-supply dynamics with a collectability factor using delay differential equations in economic growth via the Caputo operator.
- Author
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Chen, Qiliang, Dipesh, Kumar, Pankaj, and Baskonus, Haci Mehmet
- Subjects
ECONOMIC expansion ,HOPF bifurcations ,DELAY differential equations ,LIMIT cycles ,OPERATING costs ,SUPPLY & demand - Abstract
In this paper, to investigate the dynamic interplay between supply and demand, with a focus on collectability, a novel mathematical model was introduced via conformable operator. This model considers the possibility that operating expenses or a lack of raw materials causes a manufacturing delay than the supply of goods instantly matching demand. This maturation (delay) is represented by the delay factor (τ) . Stability analysis revolves around the equilibrium point other than zero. Chaotic behavior emerges through Hopf bifurcation at the critical delay parameter value. If this delay parameter is even slightly perturbed, oscillatory limit cycles can be induced in the market dynamics, leading to equilibrium with brisk market expansion, frequent recessions, and sudden collapses. We conducted sensitivity and directional analysis on a number of factors while also examining the stability and duration of the Hopf bifurcation. Numerical findings were validated using MATLAB. Additionally, the Caputo operator was used to examine the fractional of demand and supply dynamics. Importantly, we assumed a pivotal role in advancing fair labor practices and fostering economic growth on a national scale. In this paper, to investigate the dynamic interplay between supply and demand, with a focus on collectability, a novel mathematical model was introduced via conformable operator. This model considers the possibility that operating expenses or a lack of raw materials causes a manufacturing delay than the supply of goods instantly matching demand. This maturation (delay) is represented by the delay factor . Stability analysis revolves around the equilibrium point other than zero. Chaotic behavior emerges through Hopf bifurcation at the critical delay parameter value. If this delay parameter is even slightly perturbed, oscillatory limit cycles can be induced in the market dynamics, leading to equilibrium with brisk market expansion, frequent recessions, and sudden collapses. We conducted sensitivity and directional analysis on a number of factors while also examining the stability and duration of the Hopf bifurcation. Numerical findings were validated using MATLAB. Additionally, the Caputo operator was used to examine the fractional of demand and supply dynamics. Importantly, we assumed a pivotal role in advancing fair labor practices and fostering economic growth on a national scale. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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- View/download PDF
38. Exploring the Dynamic Nexus between Cross-Border Dollar Claims and Global Economic Growth.
- Author
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Alexiou, Constantinos, Vogiazas, Sofoklis, and Benbow, Alex
- Subjects
ECONOMIC expansion ,GLOBAL Financial Crisis, 2008-2009 ,INTERNATIONAL trade ,CROSS border transactions ,COVID-19 pandemic ,U.S. dollar - Abstract
This paper addresses the role of the U.S. dollar in fostering global economic growth during the post-war period. The existing literature lacks a comprehensive understanding of the true implications of the U.S. dollar's status as a reserve currency and a dearth of studies examining its impact. In this study, we explore the dynamic long-run and short-run relationships between cross-border U.S. dollar claims, global GDP, and global trade while gauging the impact of the Global Financial Crisis (GFC) and the COVID-19 pandemic. In doing so, we use ARDL methodology for a data set that spans the period of 1980 to 2022. The estimation results reveal a robust long-run relationship between U.S. dollar claims, global GDP and global trade and no clear evidence of asymmetric effects. Our findings are of great significance for monetary authorities, emphasising the need for a nuanced understanding of the implications of the U.S. dollar's conducive role in shaping global economic dynamics and fostering growth. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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39. Does Urban Digital Construction Promote Economic Growth? Evidence from China.
- Author
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Yang, Weixin, Zhu, Chen, and Yang, Yunpeng
- Subjects
ECONOMIC expansion ,URBAN growth ,CITIES & towns ,DIGITAL technology ,SCIENTIFIC method ,SUSTAINABLE urban development ,SMART cities - Abstract
In order to explore the causal relationship between the level of urban digital construction and urban economic growth, this paper takes 280 cities in China as the research object and constructs a comprehensive indicator evaluation system covering digital infrastructure, overall economic level, innovation development level, digital industry development status, and ecological environment conditions. Using the entropy method to weigh various indicators, this paper has obtained the evaluation results of the digital construction level of each city from 2011 to 2021. Furthermore, a panel data regression model is used to empirically analyze the impact of urban digital construction level on urban economic growth. The results show that for every 1% increase in the level of urban digital construction, the GDP will increase by 0.974. Through the above research, we hope to further enrich the theoretical and empirical research in the field of the digital economy, provide a scientific and reasonable method for quantitatively evaluating the level of urban digital construction, and provide decision-making references for improving the level of urban digital construction and promoting sustainable urban development. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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- View/download PDF
40. Impact of Goods and Services Tax on the Economic Growth of India.
- Author
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Krishna, Swathy and Shacheendran V.
- Subjects
ECONOMIC expansion ,VALUE-added tax ,BUSINESS revenue ,INDIRECT taxation ,INTERNAL revenue ,GOVERNMENT revenue - Abstract
An efficient tax system is vital for the sustainable growth of the nation. In India, indirect taxes constitute major portion of the tax revenues for balancing government budgets. During last few decades Value Added Tax has been seen as a leading income generating source. After prolonged discussions India adopted a comprehensive Goods and Services Tax, which aimed at the removal of cascading effect of taxes through seamless availing of input tax credit. The present paper is an attempt to find empirical evidence on the relationship between Goods and Services Tax revenue growth and economic growth proxy by GDP. The ordinary least square regression technique found that GST revenue growth has a significant and positive impact on economic growth in India during the period Q2:2017 to Q1:2021. The result shows that one per cent GST revenue growth causes 0.56 per cent economic growth. The result of correlation analysis also confirms the association between GST revenue performance and economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2024
41. A proposal to measure the circular economy implementation and sustainable development goals achievement using objectively weighted indices.
- Author
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Alfaro Navarro, José-Luis and Andrés Martínez, María-Encarnación
- Subjects
CIRCULAR economy ,SUSTAINABLE development ,PRINCIPAL components analysis ,PERCENTILES ,ECONOMIC expansion - Abstract
Governments, companies and citizens around the world consider necessary to adopt a new circular economy (CE) model that allows solving the planet's environmental challenges and guaranteeing sustainable economic growth. Europe advocates this philosophy, but there is no widely accepted index to measure CE implementation at a macro level. This paper proposes a new index based on principal component analysis for European Union countries that use all information available without losing any information by the dimensionality reduction and consider objective weights based on the percentage of variance that each one retains. Moreover, we develop a disaggregated analysis considering the CE dimensions set out in the 'CE monitoring framework', allowing a more comprehensive analysis than when using a single indicator of CE implementation. This method is also used to build an index of the degree of achievement of the sustainable development goals (SDGs) to see how they relate to the CE; the relationships between CE dimensions; and between SDGs. The results by geographical areas reveal a higher level of CE implementation in western European and EU-15 countries, with Luxembourg, Austria, Denmark, the Netherlands and Belgium alternately holding the top positions depending on the CE dimension considered. Therefore, the new European countries and the countries in the east must encourage measures to improve the implementation of the economy. In addition, there is a positive, strong and significant relationship with SDGs 8, 9 and 11, with both the overall CE implementation index and the disaggregated indices, and a negative one with 7 and 15. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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- View/download PDF
42. The real exchange rate and economic growth: a meta-analysis.
- Author
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Ridhwan, Masagus M., Ismail, Affandi, and Nijkamp, Peter
- Subjects
ECONOMIC expansion ,FOREIGN exchange rates ,MEDICAL literature ,PUBLICATION bias ,ECONOMIC impact ,DEVELOPING countries - Abstract
Purpose: Empirical studies regarding the impact of the real exchange rate (RER) on economic growth are extensively available. However, the literature as a whole appears to report varying results, while the causes of such differences have not been analyzed systematically. The present study aims to fill the gap in the literature. Design/methodology/approach: In this paper, the authors compile 543 empirical estimates from 51 studies of the exchange rate-growth nexus in order to meta-analyze its relationship. Meta-analysis allows the authors to quantitatively synthesize previous empirical studies and explain the variation in the results. This method also enables us to investigate the possibility of publication bias, as there is a tendency in research only to report results that are both statistically significant and show the expected signs. Findings: After addressing publication bias and heterogeneity in the estimates, the meta-regression results show that RER depreciation (or undervaluation) genuinely favors economic growth. On average, RER depreciation has a greater impact on economic growth in developing countries than the developed ones. The study's results imply that maintaining an undervalued RER could be favorable to spur economic growth, especially in developing countries. Originality/value: Initially predominant in the medical literature, meta-analysis has been on a rising edge in economics. This progress has produced many systematic quantitative review analyses with continuously improved statistical-econometric practices related to economic variables. However, to the authors' knowledge, no comprehensive meta-regression analysis of the relationship between exchange rate and economic growth has been conducted and published in any publicly accessible academic outlet. Therefore, this study aims to fill this gap in the literature. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
43. Dynamic Capabilities: Unveiling Key Resources for Environmental Sustainability and Economic Sustainability, and Corporate Social Responsibility towards Sustainable Development Goals.
- Author
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de Almeida Barbosa Franco, Jacqueline, Franco Junior, Ary, Battistelle, Rosane Aparecida Gomes, and Bezerra, Barbara Stolte
- Subjects
SOCIAL responsibility of business ,SUSTAINABILITY ,SUSTAINABLE development ,ECONOMIC expansion ,TECHNOLOGICAL progress ,EQUALITY - Abstract
This paper examines the role of dynamic capabilities as resources for achieving environmental sustainability, economic sustainability, and corporate social responsibility within the pillars of the Sustainable Development Goals. Economic growth and technological progress, while driving societal advancements, have also contributed to challenges such as inefficient resource utilization, social inequality, climate change, and unsustainable production. Through an integrative review, the paper identifies sixteen dynamic capabilities incorporated into a business framework. These capabilities aim to support environmental and economic sustainability, along with corporate social responsibility in line with the Sustainable Development Goals. The paper emphasizes opportunities for companies and academia to adopt sustainable practices. This contribution aims to advance the broader objective of sustainable development by promoting a balance between societal progress and responsible resource management. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
44. THE PERCEIVED RELATIONSHIP BETWEEN SUSTAINABLE ENERGY TECHNOLOGIES, ECO-INNOVATION, ECONOMIC GROWTH AND SOCIAL SUSTAINABILITY: EVIDENCE FROM CHINA.
- Author
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Feng Sheng CHIEN, Ka Yin CHAU, and Xiang-Chu HUANG
- Subjects
CLEAN energy ,SOCIAL sustainability ,ECONOMIC expansion ,SOLAR energy ,ECONOMIC uncertainty ,SOLAR technology ,TECHNOLOGY transfer - Abstract
Social sustainability is a global necessity because of environmental and economic uncertainty. This issue needs the foremost solution, and for this purpose, researchers' and policymakers' emphasis is required. Thereby, the present paper investigates sustainable energy technologies such as solar and hydroelectric, eco-innovation and EG and their impact on social sustainability in China. The study also used industrialization and inflation as the control variables in the time span of 1981 to 2020. The present study also applied the Dynamic Auto-regressive Distributed Lags (DARDL) model to evaluate the association between the outlined variables. The results indicated that sustainable energy technologies such as solar and hydroelectric, eco-innovation, economic growth, industrialization and inflation are significantly associated with social sustainability in China. The present paper offers standard policies to regulators in making regulations related to maintaining social sustainability by using effective sustainable energy technologies and eco-innovation. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
45. Research on the spatiotemporal evolution and influencing factors of common prosperity in China.
- Author
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Xie, Tiancheng, Zhang, Yan, and Song, Xiaoyu
- Subjects
REGIONAL development ,STANDARD of living ,STATISTICAL correlation ,ECONOMIC expansion ,REGRESSION analysis - Abstract
Since 2012, China's economic growth rate has been much higher than the world average; its economic aggregate ranks second in the world, people's living standards have risen significantly, and absolute poverty has been historically eliminated, laying a solid foundation for solid promotion of common prosperity. However, China is still in the primary stage of socialism, and the problem of unbalanced and inadequate development has not been fundamentally solved. It is urgent to monitor the status of common prosperity construction in all regions. By constructing an evaluation index system of common prosperity, this paper uses spatial correlation analysis model and geographically weighted regression model to assess the comprehensive development level of common prosperity quantitatively, reveal the spatiotemporal evolution characteristics and analyze the main influencing factors. The results show that the comprehensive development level of China's common prosperity has been continuously improved. It gradually presents a spatial distribution pattern with Beijing-Shanghai as the development pole and the eastern coastal area as the highland, and there is a significant positive spatial correlation, but the local spatial heterogeneity has increased. The development level of common prosperity is affected by multiple factors, and the increase in per capita GDP is the leading factor in promoting common prosperity. Therefore, we should focus on promoting high-quality economic development, coordinated regional development and expanding middle-income groups, so that all people can enjoy the fruits of reform and development and ultimately achieve common prosperity. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
46. Cultural and Creative Industries of Local Autonomy: Cultural Innovation and Cultural Upgrading.
- Author
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QIAORAN JIA, DING LI, ZHONG WANG, TAO ZHANG, and SHIRU LI
- Subjects
CULTURAL industries ,CREATIVE ability ,ECONOMIC expansion ,ECONOMIC impact ,SOCIOCULTURAL factors ,SMART cities - Abstract
In order to explore the relationship between local autonomous cultural and creative industries and economic and cultural upgrading, this paper uses a questionnaire survey to conduct practical investigation and analysis, and discusses the relationship between the following aspects. Local self-government, The results show that local autonomous cultural creativity can promote economic growth and improve cultural level, and there is a certain correlation between economic growth and cultural upgrading, but the correlation is poor, indicating that the impact of economic growth on cultural upgrading is indirect, and cultural upgrading and economic growth are the main factors for the development of local autonomous cultural and creative industries. Local autonomy is the main influencing factor of economic growth and cultural upgrading, and it is also a combination factor for the development of cultural and creative industries. Therefore, strengthening local autonomy, promoting economic growth, and cultural upgrading can promote the development of cultural and creative industries. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
47. The environmental externality of economic growth target pressure: evidence from China.
- Author
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Pang, Fangying and Xie, Hongji
- Subjects
ECONOMIC expansion ,EXTERNALITIES ,EMISSIONS (Air pollution) ,ECONOMIC research ,PANEL analysis ,ENVIRONMENTAL protection - Abstract
Purpose: This study aims to investigate the external effect of the economic growth target pressure of local governments on establishment-level SO
2 emissions. Design/methodology/approach: Based on manually collected panel data of 74,058 China's industrial establishments and more than 330 thousand observations from CIED and ESR, the authors use a firm-fixed effect model, instrumental variables estimation and heterogeneity tests to identify the environmental externality of economic growth target pressure. Findings: The establishments in cities that meet or slightly exceed the economic growth target experience greater negative externality measured by SO2 emission intensity. This external effect is more pronounced in regions: with a strict and overweighted target setting; with stronger officials' promotion incentives; with a low degree of marketization; and in firms with great economic importance. The authors identify the underlying mechanisms of dependence on dirty industry and the relaxation of environmental enforcement. And the environmental protection constraints in 2007 mitigate the negative externality. Practical implications: The paper sheds light on to what extent economic growth target pressure has a negative externality of pollution in China and how this pressure may conflict with environmental protection. Originality/value: This paper complements prior research on the economic effects of economic growth targets, expands the knowledge on the determinants of establishment-level pollution emission from the perspective of target pressure and provides insight into the environmental externality that results from political factors. [ABSTRACT FROM AUTHOR]- Published
- 2024
- Full Text
- View/download PDF
48. Diversity within commonality: A comparative study of the impact of foreign direct investment and trade openness on economic growth.
- Author
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Bieleń, Martyna, Ikani, Kingsley Success, and Włodarczyk, Julia
- Subjects
FOREIGN investments ,ECONOMIC expansion ,OPENNESS to experience ,FOREIGN study ,INTERNATIONAL trade ,PANEL analysis - Abstract
The relationships between foreign direct investment (FDI), trade openness, and economic growth are complex and analyzed by many researchers. Still, there are some gaps in our knowledge as literature documents positive, negative, and ambiguous impact of FDI and trade openness on economic growth. This paper addresses one of these gaps and focuses on the similarities and differences among countries from Central and Eastern Europe and West Africa. The econometric analysis covers the 1995-2022 period and employs panel data methods to reveal the long-term positive impact of FDI and trade openness on economic growth in West African countries and long-term positive impact of FDI on economic growth in Central and Eastern European countries. We also demonstrate that apart from cross-border linkages captured by FDI and trade flows, economic growth in Central and Eastern European countries positively correlates with global economic development, however, in case of West Africa this effect is statistically insignificant. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
49. Digital financial inclusion and economic growth in Sub-Saharan Africa: the role of institutions and governance.
- Author
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Chinoda, Tough and Kapingura, Forget Mingiri
- Subjects
ECONOMIC expansion ,GROSS domestic product ,SOCIAL impact ,MOMENTS method (Statistics) ,ENVIRONMENTAL quality - Abstract
Purpose: This study examines the role of institutions and governance on the digital financial inclusion and economic growth nexus in Sub-Saharan Africa (SSA) from 2014 to 2020. Design/methodology/approach: This study adopts the generalised method of moments technique which controls for endogeneity. The authors employed four main variables namely, index of digital financial inclusion, gross domestic product per capita growth, institutions and governance. Findings: The results suggest a significant positive effect of institutional quality and governance on the digital financial inclusion-economic growth nexus in SSA. Furthermore, the authors find that effect of trade and population growth on economic growth was significantly positive while inflation reduces economic growth in the region. Research limitations/implications: This study also ignored the effect of digital financial inclusion on environmental quality. Future researches should focus on addressing these drawbacks and replicating the study in Africa as a whole and other developing countries across the world that are experiencing digital financial inclusion and economic growth challenges. The results from the study imply that a positive relationship between digital financial inclusion and economic growth. It is important to note that the study was carried out on the premise that institutions play a pivotal role in enhancing economic growth in SSA. Practical implications: The results confirm the significance of policies that enhances institutional quality and governance which are other avenues the authorities can pursue to enhance economic growth in SSA. Social implications: The paper documents the importance of institutions in boosting economic growth which impacts on social life rather than digital financial inclusion only. Originality/value: The paper makes a contribution through analysing the role of institutions and governance on the digital financial inclusion-economic growth nexus rather than the traditional financial inclusion–economic growth nexus which is common to the majority of the available empirical studies. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
50. Political economy dynamics of Russia's intervention in Syria.
- Author
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Alagha, Malath
- Subjects
POLITICAL economic analysis ,INTERVENTION (International law) ,ECONOMIC expansion ,RUSSIAN economy ,PSYCHOLOGICAL resilience - Abstract
This article aims to place the issue of economic benefits obtained by Russia by military intervention in Syria in the larger perspective of its role as a global player shaping Middle East affairs. The essay aims to answer the following question: How much have Russia's economic interests been impacted by its military involvement in Syria? Russian objectives in Syria extend beyond its geostrategic location to encompass national interests in various strategic areas, particularly maintaining its economic power and bolstering its worldwide influence in Middle Eastern politics. The article will explore the additional advantages that contributed to the expansion of Russian commercial ties in the region, beyond Syria's geostrategic location. This article assumes that Russia is steadily investing in building its influence and creating geo-economic dynamics to boost its economic national interests. The study examines how Russia has been translating its military participation into economic benefits across several sectors, including arms transactions, oil businesses, economic networking, trade facilitation, and resilience. The paper will rely on signed contracts, official papers, reports, menus, speeches, press releases, declaratory statements, and reports on official visits as primary data. This article focuses on the political economy of Russian military involvement in the Syrian crisis to provide detailed insights. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
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