199 results on '"ECONOMIC expansion"'
Search Results
2. The Impact of National Initiative for Human Development on Economic Growth of Morocco.
- Author
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Wajih, Houdaifa, ElAssad, Mohamed, and Sefri, Youssef
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ECONOMIC development , *GROSS domestic product , *ECONOMIC expansion , *SOCIAL marginality , *POVERTY reduction , *SOCIAL justice , *ECONOMIC policy , *ECONOMIC reform - Abstract
This research deals with the program of the National Initiative for Human Development, a social project aim to improving the standard of living of Moroccans by fighting poverty, combating social exclusion, supporting income-generating activities, caring for women, children and people in difficult situations. The study examines the impact of the National Initiative for Human Development on Moroccan economic growth from 2006 to 2017, which is the period that combines the first and second phases of this program. Literature Reviews that dealt with the relationship between human development and economic growth were also highlighted. Secondary data was used based on World Bank reports in this regard, and the investment budget for the National Initiative for Human Development was based on reports of the National Coordination of the Initiative (Moroccan Ministry of Interior). By error correction model, it was found that there is a long-term positive relationship between investment in the national initiative for human development (INDH) and Moroccan gross domestic product (GDP). The conclusion from this relationship is that strengthening the role of the national initiative, as a tool for economic and social reform will positively affect GDP and the Moroccan economy in general. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
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3. Growth and Development under Alternative Policy Regimes in India: A Political Economy Perspective.
- Author
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Ghosh, Madhusudan
- Subjects
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ECONOMIC policy , *GROSS domestic product , *INCOME inequality , *ECONOMIC expansion , *URBAN poor - Abstract
This paper reviews the economic policies adopted by the Indian government under different policy regimes, provides a political economy perspective of economic growth in the country during 1950–2020 and examines the inclusiveness of the rapid economic growth in recent decades. The growth performance of the economy improved as the economy moved from inward-looking policy regime to the regimes of pro-business and pro-market policies. India's political economy was supportive of the changes in policy regime. After growing at a sluggish rate during the first three decades after 1950–1951, the gross domestic product (GDP) growth accelerated significantly after the pro-business reforms in the 1980s, and there was further acceleration after the pro-market reforms since 1991–1992. It has, however, slowed down in recent years. Nevertheless, it has not been inclusive, as the benefits of growth have not reached all sections of the population and all regions of the country equally. On the contrary, disparities in income across regions and inequalities in income, wealth and consumption among individuals have exacerbated, and the problems of unemployment and poverty have been persisting in the economy. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
4. الصناعة التحويلية في العراق للمدة ( ۱۹۹۰ - ۲۰۲۰) الواقع والإمكانيات.
- Author
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آمشة عبد الكريم ه
- Subjects
GROSS domestic product ,VALUE (Economics) ,ECONOMIC development ,ECONOMIC expansion ,ECONOMIC sectors ,COMPUTER-aided process planning - Abstract
Copyright of Al-Adab / Al-ādāb is the property of Republic of Iraq Ministry of Higher Education & Scientific Research (MOHESR) 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
- 2023
- Full Text
- View/download PDF
5. La inversión extranjera directa en China.
- Author
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Rivas Saavedra, Déborah and García Hernández, María Isabel
- Subjects
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ECONOMIC expansion , *ECONOMIC development , *FOREIGN investments , *NUMERIC databases , *GROSS domestic product , *STATISTICAL software , *DATABASE management software - Abstract
Foreign direct investment (FDI) currently plays a relevant role in the world economy. During the last decades, several authors have been concerned about the relationship between foreign direct investment and the economic growth of a country. This work aims to identify if there is a correlation among these economic indicators, using China as study country. In order to meet this objective, a characterization of FDI is carried out in the selected country, with emphasis in its dissimilar contributions, and the determinants and incentives for investment. This work covers data fundamentally until 2019, in the context of pre-pandemic COVID-19. In addition, with the use of SPSS Statistics software and databases, a correlation study between the Gross Domestic Product and foreign direct investment has been carried out. As result, a direct and strong correlation between FDI and economic growth is obtained from the Asian country. At the end, there are experiences to following for Cuba. [ABSTRACT FROM AUTHOR]
- Published
- 2023
6. Economic growth and its components in south America: Performance in the period 1950-2019.
- Author
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Villalobos Valencia, Angelo Diomar, Molero Oliva, Leobaldo Enrique, and Castellano Montiel, Alberto Gregorio
- Subjects
ECONOMIC development ,ECONOMIC indicators ,PRODUCTION (Economic theory) ,ECONOMIC expansion ,GROSS domestic product ,CAPITAL ,LABOR ,PER capita ,HUMAN capital ,COMPARATIVE studies - Abstract
Copyright of Revista de Ciencias Sociales (13159518) is the property of Revista de Ciencias Sociales de la Universidad del Zulia Venezuela 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
- 2023
7. Territorial imbalances in Colombia: ¿Can they explain why Gustavo Petro became president?
- Author
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Chajín Flórez, Miguel and Falla Almario, Marco Antonio
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ECONOMIC development ,REGIONAL economic disparities ,REGIONAL development ,SOCIAL change ,GROSS domestic product ,SOCIAL development ,NONPROFIT sector ,ECONOMIC expansion ,SOCIAL enterprises - Abstract
Copyright of Dictamen Libre is the property of Universidad Libre Seccional Barranquilla 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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- 2023
- Full Text
- View/download PDF
8. Evaluación del impacto de la inversión en investigación y desarrollo y el número de investigadores en el crecimiento económico.
- Author
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AALI-BUJARI, ALÍ and VENEGAS-MARTÍNEZ, FRANCISCO
- Subjects
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RESEARCH & development , *RESEARCH personnel , *PANEL analysis , *ECONOMIC expansion , *ECONOMIC development , *DYNAMIC models , *GRANGER causality test , *DATA analysis , *GROSS domestic product - Abstract
This research analyzes the impact of investment in Research and Development (R&D) and the number of researchers on the economic growth of some of the economies of the Organization for Economic Cooperation and Development (OECD), for the period 1996-2016. A causality analysis in the sense of Granger is performed and a panel data model is estimated. Data are obtained from the World Bank. There is empirical evidence of bidirectional causality between R&D and GDP per capita, but predominantly R&D Granger-causes GDP. Bidirectional causality is also found between the number of researchers and GDP per capita, but predominantly GDP Granger-causes the number of researchers. While the dynamic panel model of the MGM system in one stage shows that economic growth is positively affected by investment in R&D and the number of researchers. This work differs from others in the following aspects: 1) it considers a sample of 25 OECD countries in the period 1996-2016; 2) there is a greater availability of data, and 3) a dynamic panel data analysis is carried out that allows the use of a greater number of countries, variables and periods. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
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9. UNVEILING THE CATALYSTS OF ECONOMIC DEVELOPMENTS: EXPLORING DYNAMIC LINK BETWEEN FOREIGN REMITTANCES AND KEY INDICATORS IN SOUTH ASIA.
- Author
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Manazir, Muhammad, Mutee-Ur-Rahman, and Anjum, Muhammad Naeem
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ECONOMIC development ,GROSS domestic product ,HOUSEHOLDS ,FOREIGN exchange rates ,ECONOMIC expansion - Abstract
The purpose of the study was to investigate the relationship between foreign remittances and economic development, specifically examining their impact on GDP per capita growth, significance of workers' remittances in economic growth, influence of remittances on Gross Capital Formation Ratio, the effect of remittances on household final consumption expenditure, relationships between remittances and trade as the percentage of GDP, and the effects of remittances on population growth. The researcher selected six countries in South Asia as the sample for this study. The panel data was used to test the relationship between the observed variables, employing both random and fixed effect models to test study's hypotheses. Findings revealed a positive relationship between the growth of foreign remittances and indicators such as GDP per capita, the overall economic growth, gross capital creation, and household consumption spending. These results thus highlight the significant influence that the remittances have had on Pakistan's economic indices and underscore the importance of remittance flows for the growth and stability of the Pakistani economy. [ABSTRACT FROM AUTHOR]
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- 2023
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10. LOS SERVICIOS Y SU CAPACIDAD DE EXPANDIR EL DESARROLLO DE LA ECONOMÍA NACIONAL.
- Author
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Pino Arriagada, Osvaldo and Escobar Santibáñez, Gustavo
- Subjects
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ECONOMIC expansion , *MATRIX multiplications , *ECONOMIC development , *PRICES , *CONTRACTING out , *STATISTICAL correlation , *GROSS domestic product , *INFORMATION processing , *INDUSTRIAL productivity , *PRICE indexes - Abstract
The article, through the methodology of (Schintke & Staglin, 1988), processes the information contained in the Domestic Input Product Matrix at the basic price of the year 2018 (111 x 111), in order to verify the existence of a correlation (+/-) between the dynamics of significant impacts generated through minimal effort and the growing outsourcing of the economy. It is a matter of verifying the hypothesis that services to a greater extent contribute to disseminate, expand the possibilities of development of economies. The study confirms that outsourcing makes services activities with a significant contribution to GDP, and high productivity. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
- View/download PDF
11. Resilience Index Framework for the Construction Industry in Developing Countries.
- Author
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Shiha, Ahmed and Dorra, Elkhayam M.
- Subjects
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CONSTRUCTION industry , *GROSS domestic product , *PRINCIPAL components analysis , *ECONOMIC expansion , *ECONOMIC development ,DEVELOPING countries - Abstract
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]
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- 2023
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12. Nüfus ile Kişi Başına Düşen GSYH İlişkisi: Türkiye'nin 2000'li Yıllarının Değerlendirmesi.
- Author
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OĞUZTİMUR, Senay
- Subjects
CHI-squared test ,ECONOMIC impact ,ECONOMIC expansion ,ECONOMIC development ,PER capita ,GROSS domestic product - Abstract
Copyright of Itobiad: Journal of the Human & Social Science Researches / İnsan ve Toplum Bilimleri Araştırmaları Dergisi is the property of Itobiad: Journal of the Human & Social Science Researches 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
- 2023
- Full Text
- View/download PDF
13. The ICT, financial development, energy consumption and economic growth nexus in MENA countries: dynamic panel CS-ARDL evidence.
- Author
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Dahmani, Mounir, Mabrouki, Mohamed, and Ben Youssef, Adel
- Subjects
ENERGY consumption ,ECONOMIC expansion ,GROSS domestic product ,ENVIRONMENTAL quality ,ECONOMIC development ,ELECTRIC power consumption - Abstract
This paper analyses the nexus between renewable and non-renewable energy consumption, financial development, Information and Communication Technology (ICT) diffusion and economic growth, in MENA countries, over the period 1980–2018. We use the novel Cross-Section augmented Autoregressive Distributed Lag (CS-ARDL) estimation technique which accounts for cross-sectional dependence and cross-country heterogeneity issues. We find a positive impact of renewable and non-renewable energy on economic growth, but a negative effect of financial development on economic growth. We also find a positive and statistically significant influence of ICT on Gross Domestic Product (GDP). Renewable energy and ICT diffusion can be considered important determinants of improved economic activity, job creation and better environmental quality. Pairwise Dumitrescu-Hurlin panel causality tests were used to examine the causal relations among the variables. The findings of this study have considerable policy implications for the selected countries. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
- View/download PDF
14. The Influence Of Population Growth, Households And Npishs Final Consumption Expenditure, Exports Of Goods And Services, Net Trade In Goods And Services, And Merchandise Exports To Low And Middle-Income Economies Within The Region On Gross Domestic Product (GDP)
- Author
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Muda, Iskandar, Erlina, Nasution, Abdillah Arief, Omar, Normah, Abdullah, Noor Marini Haji, Christy, Adella Nanda, and Peranginangin, Dinda Shafa Marwah
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CONSUMPTION (Economics) ,GROSS domestic product ,PANEL analysis ,ECONOMIC development ,ECONOMIC expansion - Abstract
Understanding the factors that influence a country's Gross Domestic Product (GDP) is essential for policymakers and stakeholders in decisionmaking and policy development related to economic growth. The aim of this study is to analyze the influence of population growth, households and NPISHs final consumption expenditure, exports of goods and services, net trade in goods and services, and merchandise exports to low- and middle-income economies within the region on GDP. A quantitative approach was adopted in this research, using data from various sources such as government statistics and international organizations. The data was analyzed using panel data regression analysis with the Eviews application. The results of the study are found to be statistically significant and provide valuable insights into the factors that impact GDP. The findings of this study have important implications for policymakers and stakeholders in decision-making and policy development related to economic growth. By understanding the influence of population growth, household consumption, exports, trade, and merchandise exports on GDP, policymakers can develop targeted policies and strategies to promote economic growth and development in the region. [ABSTRACT FROM AUTHOR]
- Published
- 2023
15. COMPETITIVENESS AND ECONOMIC GROWTH. COMPARATIVE STUDY: ROMANIA - BULGARIA.
- Author
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STRĂCHINARU, Alin-Vasile
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ECONOMIC competition , *VECTOR autoregression model , *ECONOMIC expansion , *PUBLIC debts , *GROSS domestic product - Abstract
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]
- Published
- 2023
- Full Text
- View/download PDF
16. ROAD SAFETY DEVELOPMENT AND ECONOMIC GROWTH IN CHINA FROM 1979 TO 2018.
- Author
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LIANGGUO KANG
- Subjects
ROAD safety measures ,ECONOMIC development ,ECONOMIC expansion ,TRAFFIC fatalities ,KUZNETS curve ,GROWTH ,GROSS domestic product ,DATA envelopment analysis - Abstract
Road safety development is affected by both motorization rates and economic growth. This phenomenon is studied using the Kuznets curve model, which uses data such as the number of road fatalities, the population, the number of vehicles, and the gross domestic product (GDP) per capita, all of which are verified by applying the data envelopment analysis (DEA) model. The results showed that there were strong links between road safety development and economic growth in China. As GDP per capita rose from 1979 to 2018, the number of vehicles per person increased and the number of fatalities per vehicle decreased, producing a relationship that followed an N-shaped curve. However, in 2002, the relationship between the road mortality rate and GDP per capita followed an inverted U-shaped curve; the point at which this happened in the Kuznets curve was the turning point for road safety performance in China. Thus, road mortality rates increased as GDP per capita increased, but declined once GDP per capita exceeded 17 187 CNY. The analysis that stems from the results of the Kuznets curve model is consistent with the performance evaluation derived from the DEA-based road safety model. The findings could provide an important reference for policymakers to improve road safety under harsh economic conditions. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
- View/download PDF
17. A PANEL VAR ANALYSIS OF THE DYNAMIC IMPACT OF UNDERVALUATION ON ECONOMIC GROWTH IN LATIN AMERICAN COUNTRIES.
- Author
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Chavez, Carlos
- Subjects
VALUATION ,ECONOMIC development ,IMPULSE response ,ECONOMIC expansion ,GROSS domestic product ,GRANGER causality test ,HUMAN capital ,FOREIGN exchange rates ,PER capita - Abstract
Copyright of Revista de Economia Contemporânea is the property of Revista de Economia Contemporanea 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
- 2023
- Full Text
- View/download PDF
18. The economic growth and environmental sustainability nexus: a metanalysis of three economic types.
- Author
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Obiora, Sandra Chukwudumebi, Zeng, Yong, Li, Qiang, Asiedu-Ayeh, Emelia, Nneji, Grace Ugochi, and Bamisile, Olusola
- Subjects
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FIXED effects model , *SUSTAINABILITY , *ECONOMIC expansion , *CARBON emissions , *GROSS domestic product , *ECONOMIC sectors , *SUSTAINABLE development - Abstract
Recently, emerging, developed, and developing economies have placed great emphasis on the need to attain environmental sustainability while achieving economic expansion. In an effort to offer possible policy options toward the attainment of sustainable development, this study examines the effect of economic growth on carbon emissions mitigation. Yearly panel data for 44 countries comprised of emerging, developed, and developing economies from 1990 to 2017 is used. To address the gap in the literature, this nexus is examined on seven layers of carbon emissions. This study reveals reliable and robust empirical findings with the use of system and difference general method of moments, random and fixed effects using the Durbin-Wu-Hausman test model, and feasible general least-squares estimation approaches. Our findings indicate that for developed economies, carbon emissions by the power industry have been mitigated and increased domestic credit to the private sector leads to a decrease in all layers of carbon emissions. Nevertheless, gross national income increase negatively impacts emissions by the transport sector. In emerging and developing economies, increased domestic credit to the private sector increases emissions by the power industry, transport sector, buildings, other combustion industries, and other non-major sectors. For all economies, an increase in domestic savings leads to an increase in all layers of carbon emissions. Compared with prior studies that simply focus on gross domestic product and total carbon emissions, our study provides detailed insights on the carbon emissions mitigation efforts by sector and economic group given the true drivers of economic expansion. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
19. Target‐setting, political incentives, and the tricky trade‐off between economic development and environmental protection.
- Author
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Du, Juan and Yi, Hongtao
- Subjects
ENVIRONMENTAL protection ,ECONOMIC development ,GROSS domestic product ,PUBLIC administration ,ECONOMIC expansion - Abstract
Disentangling the relationship between economic development and environmental protection has attracted much attention from public administration scholars. While traditionally scholars approach the relationship from either a substitutive or a complementary perspective, we offer a nuanced perspective by examining how the target‐setting on economic growth shapes environmental performance. This article proposes an explanation for the impacts of gross domestic product growth targets on environmental performance based on a yardstick competition model, where the upper‐level governments use relative performance to create competition among lower‐level governments. We argue that a trade‐off exists between economic development and environmental performance; however, the substitutive relationship tends to transit to a complementary relationship when environmental performance is incorporated into the cadre evaluation system. Analyzing a panel dataset of economic targets and PM2.5 air pollution across Chinese cities from 2001 to 2010, we confirm the relationship between economic targets and environmental performance by highlighting local leaders' political incentives. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
20. Are good institutions required to import economic growth? The case of tourism.
- Author
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Belgodere, Antoine, Giannoni, Sauveur, and Noblet, Sandrine
- Subjects
ECONOMIC expansion ,GROSS domestic product ,TOURISM ,ECONOMIC development - Abstract
Does a country need good institutions to use tourism as an economic development activator? From a sample of non-organisation for economic co-operation and development countries, this article aims to assess the feasibility of tourism-led growth in different institutional settings. The results not only suggest that a tourism shock is good for gross domestic product growth but that inclusive institutions enhance the ability of a country to convert tourism into growth. It also emphasises that beyond tourism that remains a major transmission channel for growth, inclusive countries largely benefit from growth in their neighbouring countries. They are more able to import economic growth from abroad. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
21. Economic growth, through education, employment, innovation, exports, and imports, in Mexico as in the emerging countries of the BRICS 2007-2017.
- Author
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DURAN-TOVAR, Edith S. and ALFARO-CALDERÓN, Gerardo G.
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ECONOMIC development ,ECONOMETRICS ,ECONOMIC expansion ,EMPLOYMENT ,EXPORTS ,ECONOMETRIC models ,PANEL analysis ,GROSS domestic product - Abstract
Copyright of Revista Espacios is the property of Talleres de Impresos Oma 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
- 2022
- Full Text
- View/download PDF
22. Logistics-related determinants of regional gross domestic product - an exploratory investigation.
- Author
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Winter, Matthias, Manuj, Ila, and Gerschberger, Markus
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GROSS domestic product ,REGIONAL development ,ECONOMIC indicators ,ECONOMIC expansion ,ECONOMIC development ,DETERMINANTS (Mathematics) - Abstract
Existing research suggests a link between a country's infrastructure quality and its economic performance. However, no country can invest in all types of infrastructure across the country. Therefore, it is critical to identify and assess multiple indicators of infrastructure for regions within a country and focus on improving infrastructure as identified by the weak indicators. Research investigating the determinants of regional wealth and economic growth is limited. In this comprehensive research including all 35 regions in Austria, we began by evaluating the relationship between logistics-related infrastructure and regional gross domestic product. In the process, other indicators, and mediators such as knowledge infrastructure, business attractiveness emerged as impacting gross domestic product. The findings help to better understand the relative importance of diverse logistics indicators influencing regional economic development and provide insights for policy decision-making. [ABSTRACT FROM AUTHOR]
- Published
- 2022
23. الأقتصاد البنفسجي الرؤية الأقتصادية للثقافة في المملكة العربية السعودية دراسة في الجغرافية السياسية.
- Author
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فيــان احسد دمحم
- Subjects
GROSS domestic product ,BLUE economy ,OFFICES ,ECONOMIC development ,ECONOMIC expansion - Abstract
Copyright of Al-Adab / Al-ādāb is the property of Republic of Iraq Ministry of Higher Education & Scientific Research (MOHESR) 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
- 2022
- Full Text
- View/download PDF
24. Zjawisko depopulacji w Polsce jako determinanta rozwoju społeczno-gospodarczego.
- Author
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LIZIŃSKA, WIESŁAWA and KISIEL, ROMAN
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GROSS domestic product ,ECONOMIC expansion ,ECONOMIC development ,ECONOMIC research ,SOCIOECONOMIC factors ,EMIGRATION & immigration - Abstract
Copyright of Horizons of Politics / Horyzonty Polityki is the property of Jesuit University Ignatianum in Krakow 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
- 2022
- Full Text
- View/download PDF
25. An Empirical Investigation of the Link between Entrepreneurship Performance and Economic Development: The Case of EU Countries.
- Author
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Rusu, Valentina Diana, Roman, Angela, Tudose, Mihaela Brîndușa, and Cojocaru, Oana Mirela
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ECONOMIC development ,ECONOMIC indicators ,GROSS domestic product ,ECONOMIC expansion ,PANEL analysis ,ECONOMIC forecasting - Abstract
Theory and practice suggest that entrepreneurship is the engine of economic growth. The speed with which a nation moves from economic growth to economic development depends on the performance of entrepreneurial initiatives. Given the role played by entrepreneurship for the development of an economy, increasing its performance can help the development of national markets and the increase in national competitiveness. The main objective of our paper is to investigate the link between entrepreneurial performance and economic development of countries. The research was carried out on a sample of 27 European Union countries in a period of twelve years. We used panel data regression models. As dependent variables for expressing the economic development, we considered the global competitiveness index and the gross domestic product per capita growth. As independent variables, we used a set of indicators measuring entrepreneurial performance. Our findings highlight the significant role played by increased entrepreneurial performance for enhancing the economic development of EU countries. We also find that some indicators expressing entrepreneurial performance might have different effects on the economy depending on the stage of economic development of countries. Our research provides empirical evidence regarding the need for performant entrepreneurial activities for enhancing economic development. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
26. Revisiting the impact of credit market development on Nigeria's economic growth.
- Author
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Ayowole, Temitayo Esther and Beton Kalmaz, Demet
- Subjects
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ECONOMIC expansion , *FOREIGN investments , *GROSS domestic product , *ECONOMIC policy , *ECONOMIC development , *BOND market , *FINANCE - Abstract
This study aims to reinvestigate the long run relationship between credit market development and economic growth in Nigeria covering the years between 1981 and 2016 by applying recently developed econometric techniques. In addition to measures of credit market development indicators of domestic credit to the private sector and broad money, trade openness, foreign direct investment and urbanization are also included in estimations to overcome the omitted variable problem. The measure for economic growth used is real gross domestic product. To the best of our knowledge, no study has been conducted before, examining these relationships with all these listed indicators. Therefore, this study proposes to close this gap in the literature. To capture the long run effects, we used ARDL, Fully Modified Ordinary Least Squares, and Dynamic Ordinary Least Squares estimator approaches. Findings uncover that (a) a long run equilibrium relationship exists between credit market development and economic growth, (b) economic policy makers are required to seek after developing the credit market with the main intention of guaranteeing that banks and other money related establishments are enabled and empowered to give the essential funds to the beneficial part of the economy which are urban and private sectors. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
27. Corruption and economic growth in Latin America and the Caribbean.
- Author
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Paulo, Lucas Dutra de, Lima, Ricardo Carvalho de Andrade, and Tigre, Robson
- Subjects
ECONOMIC expansion ,GRANGER causality test ,CORRUPTION ,GROSS domestic product ,PANEL analysis - Abstract
In this paper, we investigate the effect of corruption on the economic development of the Latin American and Caribbean countries. Using panel data covering the period from 2000 to 2018 and leveraging on two‐way fixed‐effect and system generalized method of moments estimators, we show that a one standard deviation increase in corruption, as measured by the reversed Transparency International's corruption perception index, is associated with a decrease of 12.2% in gross domestic product per capita and a decrease of 3.05% in economic growth. This supports the view that corruption "sands the wheels" of the development of Latin American and Caribbean countries rather than "grease the wheels" perspective that corruption may help compensate for bad governance. We also assess the potential mechanisms through which corruption affects economic performance, providing evidence that corruption is associated with lower investment in physical capital and lower foreign investment flow. Finally, a panel Granger causality test indicates a bidirectional causality between higher corruption and lower economic development. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
28. TÜRKİYE'DE BANKALARIN KULLANDIRDIĞI TİCARİ ÖZELLİKLİ KREDİLER VE İKTİSADİ BÜYÜME İLİŞKİSİ.
- Author
-
ÖZ, Mehmet
- Subjects
- *
DEVELOPMENT economics , *GROSS domestic product , *ECONOMIC development , *ECONOMIC expansion , *ECONOMICS literature - Abstract
According to Schumpeter (1911), financial development has a positive effect on economic growth. In the literature, if financial development leads to economic growth, it is called the supply-side hypothesis. On the other hand, Robinson (1952) suggested that economic growth leads to financial development. If there is a relationship from economic growth to financial development in the economics literature, it is called the demand-following hypothesis. The aim of this study is to analyze the relationship between financial development and economic growth in the Turkish economy in the period of 2005:Q4-2020:Q4. Engle and Granger cointegration test was applied as a method in the study. According to the test results, a cointegration relationship was found between financial development and gross domestic product series. Error correction model findings show that there is a one-way causality relationship from financial development to economic growth. These empirical findings confirm the supply leading hypothesis. As a result, it is observed that directing financial resources to commercial loans through financial intermediaries and banking sector turns into economic growth over time. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
29. TOURISM ECONOMIC IMPACT: A CORRELATION BETWEEN THE ECONOMIC GROWTH AND THE NUMBER OF ACCOMMODATION NIGHTS.
- Author
-
AVRĂMESCU, TIBERIU-CRISTIAN
- Subjects
TOURISM impact ,ECONOMIC impact ,ECONOMIC expansion ,SUSTAINABLE development ,GROSS domestic product ,TOURISM ,TOURISM economics - Abstract
Sustainable economic development is a constant concern of governments all over the world. Therefore, it is very important to identify the factors and ways to increase the macroeconomic performance indicators. Tourism is one of the sectors of the national economy that can stimulate the growth of the Gross Domestic Product, especially since this sector involves the combined effort of several branches and generates significant positive economic effects as an efficient source of economic prosperity. In order to study the impact of tourism on the economic development of Romania, we performed a regression analysis, considering the number of accommodation nights as an independent variable and the Gross Domestic Product growth rate as a dependent variable. [ABSTRACT FROM AUTHOR]
- Published
- 2022
30. The Relationship between Financial Development, Trade Openness and Economic Growth in Turkey: Evidence from Fourier Tests.
- Author
-
Tatar, Havanur Ergün, Konat, Gökhan, and Temiz, Mehmet
- Subjects
ECONOMIC expansion ,VECTOR error-correction models ,COINTEGRATION ,ECONOMIC development ,FINANCIAL ratios ,GROSS domestic product - Abstract
In this study, the effects of financial development and trade openness on economic growth were investigated using annual data for Turkey over the period 1960–2017. The financial development variable is represented as the ratio of financial system deposits to GDP. The trade openness variable is represented as the ratio of the sum of exports and imports of goods and services to GDP. To examine the long-run relationship between financial development, trade openness and economic growth; Fourier-based stationarity test and its complementary Fourier-based cointegration test are used. Finally, Fourier-based causality tests are also used to examine the causality relationship between the variables. As a result of cointegration tests, a long-term cointegration relationship was found between variables. According to the Fourier Toda-Yamamoto causality analysis results, it is seen that there is a one-way causality relationship from financial development to economic growth and from financial development to trade openness. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
31. Nexus between defence spending, economic growth and development: evidence from a disaggregated panel data analysis.
- Author
-
Saba, Charles Shaaba and Ngepah, Nicholas
- Subjects
ECONOMIC expansion ,ECONOMIC development ,GROSS domestic product ,DATA analysis ,HUMAN Development Index - Abstract
This study investigates the causal effect relationship between defence spending, economic growth and development in three regions for the period 1990–2018. It further estimates the trivariate impacts of defence spending, growth and development in three regions. To measure growth, we used real gross domestic product as the proxy, while economic development was measured by the Human Development Index. The empirical results suggest the existence of a bidirectional long-run relationship between defence spending, economic growth and development in the entire sample and the three regions of sub-Saharan Africa, the Middle East and North Africa, and Latin America and the Caribbean countries. The causality results reveal that there is feedback causality between defence spending, economic growth and development. There is thus a need to promote holistic policies to reduce the defence spending necessary for the enhancement of inclusive economic growth and development in these three regions. A decrease in defence spending in the three regions will encourage aggregate output and the standard of living to increase, and move simultaneously in the same direction. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
32. DOĞU VE BATI AVRUPA'DA GELİR EŞİTSİZLİĞİ VE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİNİN KUZNETS TERS U HİPOTEZİ ÇERÇEVESİNDE KARŞILAŞTIRMALI ANALİZİ.
- Author
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KAZAZİ, Öğrencisi Sema, KÜÇÜKAHMETOĞLU, Osman, ŞİŞMAN, Mehmet, and BAKIRTAŞ, Tahsin
- Subjects
- *
INCOME inequality , *KUZNETS curve , *GROSS domestic product , *CENTRAL economic planning , *ECONOMIC expansion , *ECONOMIC development ,WESTERN countries - Abstract
The relationship between income inequality and economic growth has a very complex structure. Many studies show that economic growth has a positive or negative effect on income inequality or that there is no relationship between them. According to the data of real Gross Domestic Product (GDP) per capita, Eastern Europe is poorer than Western Europe. Besides, Eastern Europe has the effects of a planned economy and socialist (communist) economy. The socialist (communist) form of state administration has not been experienced in Western European countries (except Germany). In the study, the relationship between income inequality and economic growth in Eastern Europe and Western Europe for the years 1990-2015 has been analyzed using panel data analysis within the framework of the Kuznets hypothesis. Kuznets's inverse U hypothesis suggests that in the initial periods of economic development, income inequality increased, and income inequality remained constant for a while at the highest point it reached, and then declined in the period after that. In contrast to the Kuznets hypothesis, the relationship between income inequality and economic growth is U-shaped in Eastern European countries. As real GDP per capita increases, income inequality first decreases and then increases. On the other hand, in Western European countries, no significant relationship has been found between income inequality and economic growth. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
33. THE NATURE OF INNOVATIVE ECONOMIC GROWTH AND DEVELOPMENT DIRECTIONS OF ITS FORMATION.
- Author
-
Abbasov, Namiq
- Subjects
ECONOMIC expansion ,ECONOMIC development ,INDUSTRIAL goods ,GROSS domestic product - Abstract
The purpose of this study is to investigate and identify the directions for improving innovative economic growth in the Republic of Azerbaijan. Also, in this article, the nature of innovative economic growth and innovation activity in the Republic of Azerbaijan has been examined. For this purpose, statistics from the Global Innovation Index Report (GII) 2021 and the State Statistical Committee of the Republic of Azerbaijan have been revised and analised. Innovation activity and its indicators in the Republic of Azerbaijan have been compared with some relevant countries to identify the level of activity in the mentioned field. So, according to the GII 2021, Azerbaijan ranks 80th out of 132 countries with 28.4 points. This indicates are for Belarus (62 points), Georgia (63), Austria (18), and Turkey (41). Correspondingly, according to the 2020 statistics, the gross industrial product (GIP) was 37.27 billion AZN, the GDP was 72.43 billion AZN, and the gross innovation product was 28.58 million AZN, or 0.039% of GDP and 0.076% of gross industrial product. The study concluded with a set of recommendations, the most important of which are the suggestions to achieve innovative development and sustainable economic growth in the Republic of Azerbaijan. [ABSTRACT FROM AUTHOR]
- Published
- 2022
34. ECONOMIC GROWTH AND DEVELOPMENT, PROMOTERS OF NATIONAL WELL-BEING.
- Author
-
CRISTEA, Loredana Andreea, VODĂ, Alina Daniela, and UNGUREANU, Dragoș Mihai
- Subjects
ECONOMIC expansion ,FISCAL policy ,ECONOMIC development ,GROSS domestic product ,GOVERNMENT policy - Abstract
The main objective of economic development and economic growth is to implement national policies that can serve the multidimensional problems of society, but also to assess the possible effects that the implemented policies will have on the prospects of progressivity. The main purpose of this paper is to highlight the fact that the general well-being of the population is perfectly intertwined with the objectives of growth and economic development, being a timely topic to address in this research. Development does not only involve GDP growth, but also exceeds this level, towards a qualitative change in society's plans, which translates into ensuring the well-being of the population. This research aims to highlight the fact that economic development is the expansion beyond the gross domestic product, through changes that refer to people's quality of life, in the long run and in which the elements characteristic of economic growth become fundamental elements of development. In this context, this research will delineate the policies needed to ensure development, in parallel with a growing economic level, considering that not only income-based fiscal policies are needed, but also subjective population-centred policies that take into account, not only economic but also social conditions, which contribute to the quality of life. The methodology was based on the study of specialized literature, so that the research results to end with a comprehensive definition of the well-being of society. Through this qualitative research, this paper adds value to the literature, highlighting the fact that growth and development are promoters of well-being. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
35. Regímenes cambiarios, cambio estructural y movilidad de capitales en una economía en desarrollo.
- Author
-
D'Amato, Stefan Wilson and Dias de Carvalho, Luciano
- Subjects
- *
PRICING , *MONETARY policy , *ECONOMIC development , *FOREIGN exchange rates , *CAPITAL movements , *GROSS domestic product , *ECONOMIC expansion ,DEVELOPING countries - Abstract
En este artículo se propone desarrollar un modelo de crecimiento restringido por la balanza de pagos con el objetivo de analizar la importancia de la relación entre la desalineación del tipo de cambio real y la participación de la industria en el producto. A partir del trabajo de Gabriel, Jayme y Oreiro (2016) se amplía el modelo con la finalidad de abordar: i) la influencia de la competitividad de los precios en las exportaciones netas; ii) la movilidad de capitales; iii) la flexibilidad del tipo de cambio nominal; iv) el salario nominal como fracción del valor de la productividad del trabajo, y v) una relación cuadrática entre la tasa de crecimiento de la participación de la industria en el producto y la desalineación del tipo de cambio. Un resultado importante es que tanto los regímenes de cambio flexible como fijo son compatibles con una trayectoria de crecimiento equilibrado. [ABSTRACT FROM AUTHOR]
- Published
- 2021
36. Analysis of the Impact of High-Speed Railway on County Economic Development Based on the Synthetic Control Method: The Hubei Province in China.
- Author
-
Yu, Jibo, Zhou, Yuanhang, Huang, Qian, Li, Xuemei, Hou, Yiwen, and Wang, Xu
- Subjects
- *
ECONOMIC development , *GROSS domestic product , *HIGH speed trains , *RAILROADS , *ECONOMIC expansion , *PUBLIC investments - Abstract
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]
- Published
- 2021
- Full Text
- View/download PDF
37. Impacto del desarrollo financiero en el crecimiento económico de América Latina.
- Author
-
Landa Díaz, Heri Oscar and Silva Barrón, Thalía
- Subjects
ECONOMIC indicators ,GROSS domestic product ,ECONOMIC development ,CAPITAL market ,ECONOMIC expansion ,FOREIGN investments - Abstract
Copyright of Contaduría y Administración is the property of Facultad de Contaduria y Administracion-Universidad Nacional Autonoma de Mexico 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
- 2021
- Full Text
- View/download PDF
38. Inward FDI and Economic Growth Nexus: A Case of Emerging Brazil from Latin America.
- Author
-
Kayani, Farrukh Nawaz, Al-Ammary, Omar Mahmoud, and Sadiq, Misbah
- Subjects
- *
ECONOMIC expansion , *GROSS domestic product , *FOREIGN investments , *CAPITAL stock , *ECONOMIC development , *EXPORTS ,DEVELOPING countries - Abstract
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]
- Published
- 2021
- Full Text
- View/download PDF
39. CAUSALITY BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN THE V4 COUNTRIES.
- Author
-
KRKOŠKOVÁ, Radmila
- Subjects
- *
VECTOR error-correction models , *COINTEGRATION , *ECONOMIC expansion , *ENERGY consumption , *SUPPLY & demand , *ECONOMIC development , *GROSS domestic product , *COUNTRIES - Abstract
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]
- Published
- 2021
- Full Text
- View/download PDF
40. Gelişmekte Olan Ekonomilerde Finansal Gelişmişlik ve Ekonomik Büyüme İlişkisi.
- Author
-
TUNCAY, Özhan and ORUÇ, Duygu
- Subjects
CONSUMPTION (Economics) ,GROSS domestic product ,ECONOMIC development ,ECONOMIC expansion ,DEVELOPING countries - Abstract
Copyright of Itobiad: Journal of the Human & Social Science Researches / İnsan ve Toplum Bilimleri Araştırmaları Dergisi is the property of Itobiad: Journal of the Human & Social Science Researches 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
- 2021
- Full Text
- View/download PDF
41. VARIETY, COMPETITION, AND POPULATION IN ECONOMIC GROWTH: THEORY AND EMPIRICS.
- Author
-
Bucci, Alberto, Carbonari, Lorenzo, and Trovato, Giovanni
- Subjects
ECONOMIC expansion ,ECONOMIC competition ,GROSS domestic product ,ECONOMIC change ,ECONOMIC development - Abstract
We provide aggregate macroeconomic evidence on how, in the long run, a diverse degree of complexity in production may affect not only the rate of economic growth, but also the correlation between the latter, population growth and the monopolistic (intermediate) markups. For a sample of Organisation for Economic Co-operation and Development (OECD) countries, we find that the impact of population change on economic growth is slightly positive. According to our theoretical model, this implies that the losses due to more complexity in production are lower than the corresponding specialization gains. Using a finite mixture model, we also classify the countries in the sample and verify for each cluster the impact that the population growth rate and the intermediate sector's markups exert on the 5-year average real gross domestic product (GDP) growth rate. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
42. Nexus between energy consumption, information and communications technology, and economic growth: An enquiry into emerging Asian countries.
- Author
-
Sharma, Gagan Deep, Rahman, Mohammad Mafizur, Jain, Mansi, and Chopra, Ritika
- Subjects
- *
ECONOMIC expansion , *INFORMATION & communication technologies , *ENERGY consumption , *GROSS domestic product , *ECONOMIC development , *ECONOMIC impact , *ELECTRIC power consumption , *VIDEO on demand - Abstract
The development of every economic sector is significantly affected by information and communication technology (ICT), especially during the liberalization process. Though several studies have focused on economy–environment–financial development nexus, yet very limited literature has highlighted the impact of ICT on the relationship between economic growth, energy consumption, and financial development. We address this gap in the existing literature by investigating the nexus between ICT, energy consumption, and economic growth for a panel of 10 emerging and developing Asian countries selected on the bases of the highest current gross domestic product price (in US dollars), for a span of 17 years ranging from 2000 to 2017. Unlike the previous studies, this study employs the advanced econometric techniques that are robust to heterogeneities across nations and have proven to produce more reliable and efficient results. Our findings opine a bidirectional causality between ICT, energy consumption, and economic growth. Additionally, internet and mobile cellular subscriptions have a positive impact on economic growth, while energy consumption report negative impact, and the results for medium and high technological export reveals an insignificant impact on the economic growth of the 10 countries under study. Overall, the results are consistent for all the countries analyzed in this empirical study. The study provides valuable policy lessons to adopt ICT‐enabled technologies that will bring innovative changes and further lead to increased economic growth. It is recommended that the government must promote green ICT technology and enhance the technological industry that shall lead to higher productivity and sustainable development. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
43. The Economy of Romania and Foreign Direct Investments.
- Author
-
Botescu, Ion
- Subjects
FOREIGN investments ,CAPITALISM ,SOCIALIST societies ,ECONOMIC expansion ,ECONOMIC development ,GROSS domestic product - Abstract
In the context of the market economy, foreign direct investments make an important contribution to economic growth. For Romania, foreign direct investments had a crucial importance both during the transition period and in the period following the achievement of the functional market economy status. Although the foreign direct investment (FDI) stocks represent an important share of Romania's GDP, in the competition with the other former socialist countries which have joined the European Union, our country is situated below the level recorded by this indicator in all the 11 states analyzed. Given the positive effects generated by the FDI stocks, Romania still needs the contribution of foreign investors in order to evolve. The aim pursued in elaborating this paper was to highlight the positive impact of the flow of foreign direct investments on the economic growth in Romania and implicitly to emphasize the role that foreign investors can continue to play in the economic development of our country. [ABSTRACT FROM AUTHOR]
- Published
- 2021
44. INVESTMENT DETERMINANTS OF ECONOMIC GROWTH: WORLD EXPERIENCE AND UKRAINE.
- Author
-
MYKYTIUK, Oksana, VARNALII, Zakharii, NIKYTENKO, Dmytro, GĘDEK, Stanisław, and PASHNYUK, Lesya
- Subjects
ECONOMIC expansion ,ECONOMIC models ,ECONOMIC development ,PANEL analysis ,FOREIGN investments - Abstract
Welfare of the population and investment are known to be drivers of economic growth. The paper explores the concept of economic growth and the development of determinants of this economic phenomenon. Since the beginning of the 20th century, economic models based on the premise that investment factors lead to the growth of a nation have been widely used. Since GDP is a quantitative indicator that allows making conclusions about a country's economic growth, this paper studies GDP dynamics in Ukraine, compared to other regions, and identifies its link with the FDI. The article analyzes the dynamics of direct foreign investments on regional and global scales, and compares them with trends in world gross product changes, which is a direct expression of a region's growth status. To test our hypothesis on the interrelation between GDP and macroeconomic indicators such as FDI, inflation index, and discount rate, we conducted panel studies using data from Ukraine, Georgia, Serbia, and Romania. The findings suggest that foreign direct investments constitute one of the sources of a country's GDP growth and, therefore, it can be considered an important determinant of a country's economic development. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
45. THE IMPACT OF INTERNATIONAL AID ON ECONOMIC GROWTH OF AFGHANISTAN.
- Author
-
ÇEVİK, Savaş and AMANAT, Abdul Hasib
- Subjects
INTERNATIONAL economic assistance ,ECONOMIC expansion ,NATURAL resources ,GROSS domestic product ,ECONOMIC development - Abstract
Copyright of EUL Journal of Social Sciences / LAÜ Sosyal Bilimler Dergisi is the property of EUL Journal of Social Sciences 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
- 2020
46. Information and communication technology penetration level as an impetus for economic growth and development in Africa.
- Author
-
David, Oladipo Olalekan and Grobler, Wynand
- Subjects
ECONOMIC expansion ,INFORMATION & communication technologies ,ECONOMIC development ,INDUSTRY 4.0 ,GROSS domestic product - Abstract
Africa is an emerging, frontier economy that is gradually becoming a gold miner of the fourth industrial revolution (industry 4.0) to achieve speedy economic growth and development. Through the transmission channel of technological drive that relies on the penetration of modern communication means (information and communication technology [I.C.T.]). It is on this basis that this study examines the performance of I.C.T., economic growth and development in Africa. In capturing I.C.T. performance; penetration of I.C.T. indicators – mobile telephone, fixed-line telephone and Internet access subscriptions are used as measurements and reduced to a single index through principal components analysis (P.C.A.). Economic growth and development is measured with the real gross domestic product and the human development index (H.D.I.), respectively. The data for this study were sourced from the international telecommunication union (I.T.U.) and world development indicators from the World Bank databases. The results show that mobile telecommunication is growing faster than other telecommunication indicators and I.C.T. penetration has positive impacts on economic growth and development in Africa. The study, therefore, recommends that simultaneous investments are required in the fixed-line and Internet access telecommunications in Africa in order to fully tap into the optimal impetus of I.C.T. penetration for economic growth and development in Africa. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
47. Do Finance and Trade Foster Economic Growth in the New EU Member States: Granger Panel Bootstrap Causality Approach.
- Author
-
Kawa, Paweł, Wajda-Lichy, Marta, Fijorek, Kamil, and Denkowska, Sabina
- Subjects
ECONOMIC expansion ,EXPORT credit ,ECONOMIC development ,MARKET capitalization ,GROSS domestic product - Abstract
The aim of this paper is to investigate whether financial development and trade openness enhance economic growth in 11 new EU member states. While the overwhelming studies employ a simple measure of finance (credit to GDP ratio or stock market capitalization), we run growth regressions using a new IMF broad-based measure, which covers three dimensions of financial development: depth, access, and efficiency. We use a bootstrap panel-data approach based on seemingly unrelated regression (SUR) systems, which takes into account cross-sectional dependency and slope heterogeneity among countries. Such an approach gives separate regression coefficients for each country. The main findings are as follows: (1) the statistically significant unidirectional Granger causality from finance to economic growth is evidenced in five countries under examination (Bulgaria, Lithuania, Poland, Romania, and Slovenia); (2) trade openness is statistically significant Granger-cause of growth in six new EU member states (Croatia, Latvia, Lithuania, Romania, Slovakia, and Slovenia); (3) the reverse causalities, i.e. running from growth to finance were found in two countries (Hungary and Slovenia), and from growth to trade openness in Croatia. The policy-oriented recommendation is that new EU member states from Central and Eastern Europe may gain pro-growth benefits from further finance and trade development, however, the policy-makers should be aware of possible nonlinearities and conditionality of these relationships. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
48. Economic growth and real exchange rate misalignments in the European Union.
- Author
-
Krekó, Judit and Oblath, Gábor
- Subjects
ECONOMIC expansion ,FOREIGN exchange rates ,PRICE levels ,GROSS domestic product ,ECONOMIC development - Abstract
We investigate the relationship between economic growth and real exchange rate (RER) misalignments within the European Union (EU) during the period of 1995–2016. In addition to the relative price level of GDP, we quantify an alternative indicator for the RER: the internal relative price of services to goods. We interpret RER misalignments as deviations from the levels consistent with the levels of economic development among the EU countries. Using pooled OLS and dynamic panel techniques, we find that within the EU over- (under-) valuations are associated with lower (higher) growth. This is mainly due to developments in the countries operating under the fixed exchange rate regimes. Our results indicate that the level of development does not influence the strength of the growth-misalignment relationship within the EU. Regarding the price level of GDP, we find that the positive relationship between undervaluation and growth diminishes with the degree of undervaluation. We find that overvaluation has a statistically significant negative effect on export market shares and private investments, indicating that both the competitiveness and the investment channels play a role in the relationship between growth and RER misalignments. As an extension, we show that the effects of "wage misalignments" from levels consistent with productivity are also negatively related to economic growth. The policy implications of the analysis point to the importance of a growth strategy avoiding overvaluation on the one hand, and to the futility of aiming at excessive undervaluation, on the other. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
49. Rethinking the effect of floods and financial development on economic growth: Evidence from the Indian states.
- Author
-
Parida, Yashobanta and Prasad Dash, Devi
- Subjects
ECONOMIC expansion ,ECONOMIC development ,FLOODS ,CRIME statistics ,GROSS domestic product - Abstract
Purpose: The purpose of this paper is to evaluate the effect of floods and the role of financial development on per capita gross state domestic product (GSDP) growth, controlling for growth-enhancing factors across Indian states. Design/methodology/approach: The paper uses the pooled mean group (PMG) method using state-level panel data for 19 Indian states over the period 1981-2011. Findings: The PMG estimate shows that floods negatively affect the per capita GSDP growth in the long run. The results show that the mean of economic losses, the population affected and the area affected by floods increase by 10 per cent, leading to a decline in per capita GSDP growth by 0.0303, 0.0633 and 0.0232 per cent, respectively, in the long run. Furthermore, the population affected by floods exerts a higher adverse impact on the per capita GSDP growth compared to other flood measures. The results further show that states with better financial development experience a higher per capita GSDP growth, supported by additional capital expenditure, enrolment in higher education, better road infrastructure and higher urbanization. The crime rate is negatively correlated with per capita GSDP growth. Originality/value: The results based on PMG estimates suggest that not only floods but also crime activities adversely affect the per capita GSDP growth across Indian states. Better financial market increases the per capita GSDP growth in the long run. This study not only contributes to empirical growth literature but also provides some useful policy suggestions. Moreover, the results lead to the conclusion that long-term flood management policies are essential to mitigate the adverse impact of floods on per capita GSDP growth across Indian states. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
50. Do Profitable Banks Make a Positive Contribution to the Economy?
- Author
-
Kumar, Vijay and Bird, Ron
- Subjects
ECONOMIC expansion ,ECONOMIC development ,COMMUNITY banks ,GROSS domestic product ,ECONOMIC sectors - Abstract
A number of studies have investigated the relationship between financial sector development and economic growth; however, the impact of bank profitability on economic growth is still unclear. We investigate the link between bank profitability and economic growth in the Asia-Pacific region over the period 2004-2014. Using the system GMM estimator, our findings suggest that a profitable banking sector is a prerequisite for economic growth in the Asia-Pacific region and that the impact of bank profitability on economic growth is more prominent in small banking sectors. Perhaps surprisingly, we found that the bank size has a negative impact on GDP growth, with the influence of bank profitability on economic growth reducing as the size of the banking sector increases. Our results also show that the impact of profitability on economic growth is much larger in developed economies compared to small emerging and large emerging economies. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
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