Social and Behavioral Sciences Commons^™

The Economic Costs Of Political Instability: Evidence From Pakistan, Shahid Hussain, Falik Shear

Business Review

This study analyses the impact of Political Instability (PI) on economic growth. PI is referred as the frequent regime or government changes in a country. PI affects economic growth due to inconsistent and uncertain government policies regarding investment and trade, tax system, government spending and fiscal balance, debt structure, monetary policy, exchange rates and inflation. PI coupled with these factors affects internal and external investments and ultimately future economic growth rates. Employing data from Pakistan for the period of 1984-2018, a country with a long history of various episodes of political instability under various democratic and non-democratic regimes, this study …

The Impact Of Globalization On Domestic Growth In Africa, Thomas L. Ainscough, Todd M. Shank

Journal of Global Business Insights

Research into the impacts of globalization on domestic growth in Africa has been scarce and the results of the research that does exist have been mixed. This research addresses this gap in the literature by using the newly revised KOF Globalization Index to determine the impact of social, political, and financial globalization on African economies. The KOF Index was revised substantially in 2019. Our full data set includes 40 years of data, from 1980-2019. Findings indicate that the relationship between globalization and GDP is best represented by a non-linear cubic model. With that model, social globalization has become Africa’s most …

Evaluating The “What’S Up Down South” Economic Summit: A Platform For Business Leaders To Share Ideas, Paul A. Hill, Amanda D. Ali

Outcomes and Impact Quarterly

The What’s Up Down South economic summit is southern Utah’s largest business gathering. The event provides the business community with economic insights to assist them in making informed decisions. USU Extension evaluated the 27^th annual What's Up Down South economic summit. Results showed the event was an effective platform for disseminating information and advancing knowledge on economic and business topics. Participants felt the summit provided a valuable experience to the business community. These findings support the continuation of the summit's information dissemination activities in the future.

Up In Smoke: Wildfires And Economic Growth, Nicholas Silvis

Gettysburg Economic Review

Do wildfires have a causal effect on economic development? Using satellite data, I analyze every country's exposure to wildfire exposure from 1982-2018. I use synthetic controls to model the impact of wildfire exposure on GDP per capita having controlled for population density, trade, agriculture, Foreign Direct Investment (FDI), and polity score. I find that the impacts of wildfires are fairly localized, impacting parts of Africa that both experience high numbers of wildfires and are developing.

The Economic Opportunity Mapping (Eom) Tool, Craig W. Carpenter, Anders Van Sandt, Rebekka Dudensing, Scott Loveridge, Linda S. Niehm

The Journal of Extension

Extension professionals increasingly understand data as integral to economic development planning and related efforts. However, regional economic data is often inaccurate, expensive, and unengaging for stakeholders. The Economic Opportunity Mapping Tool provides industry-specific free online interactive maps to engage stakeholders in the process of economic development planning, while also helping connect the determinants of business location with real local data on industry establishments.

Defining A Region: The Great River Road In Missouri, Evan Arthur Telle, David R. Perkins Iv

Midwest Social Sciences Journal

The Great River Road (GRR) is an established roadway along both the east and west banks of the Mississippi River which serves to connect people to the geography of this area. In this study, the socio-economic characteristics present in Missouri are analyzed to determine if a more formal GRR region exists in Missouri. County-level data from five-year estimates (2014 – 2018) conducted by the United States Census Bureau are used to give greater insight on any unifying characteristics the GRR may have in Missouri. Social, economic, housing, and demographic information combined with spatial pattern analysis help identify evidence of a …

Corruption And Non-Performing Loans, Ardit Gjeçi, Matej Marinč

Economic and Business Review

This article empirically evaluates the impact of corruption on the level of non-performing loans (NPLs) using the international bank-level data, spanning over the period 2000–2016 and across 140 countries. We find a positive and statistically significant relationship between corruption and NPLs. We also analyze the channels through which corruption affects NPLs. We find that the relationship between corruption and NPLs becomes more pronounced during and after the global financial crisis and is more pronounced for smaller banks. The association between corruption and NPLs is stronger in countries characterized by a high level of collectivism. The link between corruption and NPLs …

Unique Conference Design Showcases Small Towns, Highlights Entrepreneurs, And Strengthens Capacity, Carey Andrew Northrop Mr., Katherine M. Jamieson Mrs., Parker B. Jones, Mary A. Reilly, Tyler Augst

The Journal of Extension

Michigan State University Extension (MSUE)’s annual conference, Connecting Entrepreneurial Communities (CEC), has served as a catalyst for entrepreneurial ecosystems across Michigan since 2012. Designed by MSUE for small towns, CEC has gained national interest as evidenced by the adoption of this conference model by four other Extension services. This article outlines the unique conference design, details the partnership between Extension and host communities, and explores conference evaluation data validating the need to continue this programming. Lessons learned and successes to date are provided to ensure readers learn the value this unique conference format has in Extension entrepreneurship programming nationally.

Africa's Knowledge Economy And Links To India, Anand Kulkarni

International Review of Business and Economics

Competitive advantage for economies, both developed and developing, will be increasingly based on knowledge in all its forms, including science and technology, smart entrepreneurship, and new business and organizational development models. Due to COVID-19, the need for innovative solutions to health and economic disruptions has never been as keenly felt. This paper is structured in five parts. The first part examines the extent to which various countries in Sub-Saharan Africa participate in the global knowledge economy. Data is drawn from the UN Knowledge Index and canvases knowledge economy parameters such as research and development, value-added industrial production and knowledge-intensive services, …

Violence And Development: The Cost Countries Pay For High Rates Of Homicide, Brittany Lowe

The Cardinal Edge

Violence is one of the largest and most persistent humanitarian crises across the globe. Understanding violence’s role in economic costs and losses is crucial to informing and guiding decision makers. This study uses international panel data to conduct a log-linear regression with time and country fixed effects. It focuses on studying the causal effects of violent crime on GDP at an aggregate, international level. The results find that the homicide rate has a statistically significant, negative effect on GDP per capita. Acts of violence come not just at a humanitarian cost, but also at the cost of economic progress and …

La Coopération Décentralisée Franco-Marocaine, Une Nouvelle Prérogative Pour Le Développement Économique Régional Au Maroc, Khalid Benamara

Dirassat

Decentralized cooperation is important in the development of countries the local collectives’ cooperation are an active factor in the development of African countries

In morocco thedecentralized cooperationis initiated in the sixties and seventies but the law of decentralization is made in nineties bye the creation of the economic regions as local collective with its economic and personality and financial independence and autonomy and self-government. To enhance this decentralized corporation many inter regional cooperation are made especially Franco-Moroccan one.

Cost Countries Pay For High Homicide Rates, Brittany Lowe

Grawemeyer Colloquium Papers

This research finds the economic cost, in terms of GDP per capita, to countries for increased violence using typical econometric models, and then makes recommendations to decision makers about funding allocation of violence prevention programs based off its findings.

Testing The Rambo Effect Theory: A Comparative Analysis Of Economic Integration In Mercosur And Sadc, Sarvesh Lutchmun

Young African Leaders Journal of Development

This paper attempts to conduct a comparative analysis between the integration processes of two regional blocs of the Global South, one in Latin America, namely the 1991-founded Common Market of South America (MERCOSUR) and the other in the southern part of Africa, namely the 1992-founded Southern African Development Community (SADC). In particular, this paper will seek to compare the economic integration process between MERCOSUR and SADC using insights of international political economy and regional cooperation. In doing so, the paper will test the 'Rambo effect' theory which claims that the dominant power of Brazil and South Africa has led to …

Impact Of Financial Deepening On Socio-Economic Development In Nigeria: 1991 - 2018, Igonibo Dumoteim Abili

Bullion

This study investigates the relationship between financial deepening and socioeconomic development in Nigeria. The specific objectives examined the impacts of broad money supply, private sector credit and financial openness on human development index in Nigeria from 1991 to 2018. Time series data on each of the variables were analyzed using Fully Modified Least Squares and Granger Causality test. The unit root test results revealed that all the variables in the model became stationary after first difference and are all I (1). The cointegration test result revealed that the variables had long run relationships. The cointegrating regression result indicated that broad …

The Role Of Agriculture In The Economic Diversification Of The Nigerian Economy: (1980 – 2016), Adamu Hassan Muhammad, Tahir Hussaini Mairiga, Iliya Ayuba Thompson, Usman Ismaeel Bello

Bullion

This study empirically examines the role of agriculture in the diversification of the Nigerian economy, using time series data from 1980–2016. Estimation results using Cointegration and Vector Error Correction Technique indicate that agricultural output has a positive relationship and significant impact with non-oil exports (NOE) and that non-oil revenue has a positive relationship with non-oil exports (NOE). It was recommended that, government should endeavor to increase agricultural productivity by improving its expenditure on the sector so as to enhance the growth of the economy. Government should also increase its non-oil revenue and revive the sector through sufficient budgetary allocation and …

Perspective On Substance-Abuse Recovery Ecosystem From The Appalachian Regional Commission Federal Co-Chair, Tim Thomas

Journal of Appalachian Health

The Appalachian Regional Commission (ARC) is a local, state, and federal partnership focused on economic development in the communities of the Appalachian Region. ARC Federal Co-Chairman Tim Thomas provides his perspective on how an economic development entity, such as ARC, can support efforts to address the Region’s drug crisis in a way that both saves lives and strengthens economic opportunity in communities throughout Appalachia.

Is Central Bank Of Nigeria Pursuing Preferential Development Finance? Some Parametric And Non-Parametric Evidence, Xavier-Itam A. Okon

Bullion

As encompassing as the development finance interventions of the Central Bank of Nigeria are, there appears to be a preference for the agricultural sector and the manufacturing sub-sector. The study applied the parametric ANOVA and the non-parametric Kruskal-Wallis Tests, to inferentially determine whether this is, indeed, the case. Findings, however, indicate that the intervention intensity is equal for all sectors, implying the Bank adopts a holistic, rather than preferential, approach to its development finance practice. This strategically engenders, among others, uniform development, inclusive growth and economic diversification. The interventions should be sustained and their coverage extended to other crucial sub-sectors …

Efficiency Gain Argument Of Fiscal Federalism And Economic Growth: Evidence From Five Selected Developing Federal Economies, Hyacinth E. Ichoku, Walter O. Ugwuoke

Bullion

This paper investigated efficiency gain argument of fiscal federalism and economic growth with evidence from five selected developing federal economies. The curiosity is to ascertain whether the efficiency gain –the fundamental argument why countries adopt fiscal federalism is justified in these economies. The paper uses stochastic frontier model to achieve this objective. The evidence from the selected developing federal economies revealed diverging results. While in Nigeria, Ethiopia and India there is more expenditure decentralization than revenue decentralization suggesting that efficiency gains from fiscal federalism may remain elusive, in Brazil and South Africa there is more revenue decentralization than expenditure decentralization …

Analysis Of The Causal Link Between Economic Growth And Development In Nigeria (1960-2019), Muhammad Umar

Bullion

Taking cognizant of Nigeria's recent policies toward translating growth to meaningful development, this study aimed at analysing causality amid economic growth and development using annual series from 1960-2019.The study engaged vector autoregressive method by embracing Toda and Yamamoto 1995 model. The results reveals a bidirectional causality between economic growth and dependency ratio; population growth rate and economic growth and also it reveals the evidence of uni-directional causality from dependency ratio to life expectancy and from population growth to life expectancy. But economic growth and life expectancy as well as dependency ratio and life expectancy does not present evidence of causality.

Education, Inclusive Growth And Development In Nigeria: Empirical Examination, Emmanuel Onwioduokit

Bullion

Fundamental changes in the intellectual and social stance of any society have always been preceded by educational renaissance. This paper investigates the role of education in achieving and sustaining economic development in Nigeria. Abstracting from the theory, the paper examines education in Nigeria, its enhancing, including comparative analysis with selected African countries and its connection with economic development. The ARDL model was adopted to examine both the short run and long run relationships between education and development proxied by HDI and education and economic growth within the context of inclusive growth model. Evidence from the estimated long run ARDL model …

The Nuances Of Capital Controls In Economic Development: Argentina And Chile, Reagan A. Shane

Global Tides

In this paper, I analyze the ways that capital controls affect growth and economic development in developing countries and emerging market economies and use the historical evidence of Chile and Argentina to demonstrate how countries may experience the effects of capital controls in different proportions. I then review additional academic literature and historical evidence in Chile and Argentina to determine what factors seem to determine the success or failure of capital control strategies. I find two influential factors in the determination of whether implementation of capital controls helps or hurts economic growth and development. The first is whether capital controls …

Pension Fund, Financial Development And Output Growth In Nigeria, Iwegbu Onyebuchi

Bullion

This study examines the indirect effect of pension fund on economic growth in Nigeria through the financial system. Using Autoregressive Distributive Lag (ARDL) model, the study found out that pension fund contribution is effective in stimulating growth through investment in portfolios that yield short term returns; this implies that pension fund contribution cannot on its own without a credible financial system impact on economic growth. The policy implication of this study is for Pension Fund Administrators (PFAs) to invest in portfolios with short-term returns; thus, a large chunk of funds invested in federal government securities should be unbundled to other …

A Study On Business Ethics In Corporate Social Responsibility, K. Khasimpeera, M Sugunatha Reddy Ph.D.

International Review of Business and Economics

Morals and Corporate Social Responsibility are perceived as significant worries in settling on choice in all parts of our life. What’s more, it’s adding to quicken the procedure of in generalimprovementofacountry.India being the second most crowded nation on the planet, and have the biggest number of individuals needing essential pleasantries call for progressively escalated endeavors as a major aspect of such activities in the medicinal services space of the country. We as a whole realize that individuals take part in business to win benefit. Be that as it may, making benefit isn’t the sole capacity of the business. It performs …

Under Utilization Of Human Resource And Its Management- A Case Study Of Purba Khairbari Village, Alipurduar, West Bengal, Arunima Bhattacharya

International Review of Business and Economics

The notion that workers could be seen as a potential asset was subsequently in use during the 1910s and 1920s and was termed “human resource”.Human resources play an important part in developing and making a country. Women educationandparticipationisvitalfor economic development because it can directly influence on entrepreneurship, productivity growth and then increases employment opportunities and women empowerment. The paperthrows light on the gloomy scenario of under utilization of women work power in the Purba Khairbari village (J.L.No. 36), Madarihat Block of Alipurduar District, West Bengal. It also shows the positive correlation between education and employment of women. However, certain corrective …

Economic Engagement, Development, And Entrepreneurship: The Role Of Applied Public Service Colleges, Jason Jolley, Gilbert Michaud

eJournal of Public Affairs

This paper investigates the unique role of applied public service colleges in engaging with communities through economic development and entrepreneurship-related activities. Schools of public administration, affairs, and service are often distinctively tasked with being public facing, and connecting and working with outside agencies, nonprofits, and other stakeholders. Using a case study of Ohio University’s Voinovich School of Leadership and Public Affairs, we discuss the emerging engagement role of these types of schools through a typology of strategies brought forth by the Association of Public and Land Grant Universities. We outline seven specific programs run by the Voinovich School, and discuss …

Bottlenecks Or Growth Zones? A Study Of The Chirundu And Beitbridge Border Economies, Anna Ngarachu, Christopher Wood, Heinrich Krogman, Elisha Tshuma, Dale Mudenda

Southern African Journal of Policy and Development

Land borders in the Southern African Development Community (SADC) region are critical zones for unlocking regional value chains, trade and economic development. The Beitbridge and Chirundu border posts represent important links in the North–South Corridor. They are vital in both regional development and bilateral initiatives. It is at these borders that many issues related to regional integration intersect. Understanding the major complications that prevent competitive trade and undermine trade facilitation initiatives is, therefore, essential. This policy brief examines the causes of standing time – a major contributor to transport costs in sub-Saharan Africa – and discusses the softer issues such …

Balancing Inward Oriented Strategies With Outward Oriented Strategies: A Case For Nigeria's Industrialization, Tosin K.W. Gbadegesin

Young African Leaders Journal of Development

The World Bank has over the years urged poor nations to adopt development strategies which emphasize export promotion. The first group of developing countries to shift from an inward-oriented to outward-oriented approach to development were located in the far east, specifically Taiwan, Singapore and South Korea. But, with export-led growth, firms produce according to their long-term comparative advantage. Nigeria in recognition of the importance of industrialization to economic growth and development has adopted various policies, incentives and schemes since her independence to promote industrialization. This paper therefore posited that there is more than one approach to the problem rocking Nigeria's …

The Impact Of Entrepreneurship Education On Self-Employment Initiatives Among Fourah Bay College Students, Kamara Abdulsalam

Young African Leaders Journal of Development

Entrepreneurship education is a catalyst for the diminution of unemployment in Sierra Leone. The study evaluates the causal nexus between entrepreneurship education and self-employment initiatives among Fourah Bay College students. Using regression analysis, data collected were primary data through the administration of questionnaires and simple percentage ranking techniques were used to analyze the questionnaires. The result shows that entrepreneurship education is an important policy and it has positive effect on self-employment initiatives. From the study, the following are some of the recommendations: The University of Sierra Leone should establish a center for entrepreneurship and innovation that will offer degree programs …

Addressing Infrastructure Gap Via Public-Private Partnership In Nigeria, Chiedu Ndubisi

Bullion

This paper is arranged in nine Sections. It commenced by examining the issue of the nature of infrastructure and the implication for financing. It also looked at the catalytic role of infrastructure on economic growth and development, including the debilitating implication of its negligence by policy makers. next, the paper attempted at establishing the nexus between infrastructure and economic growth and development.

Demystifying The Microeconomic Foundation Of Economic Development In Nigeria: Evidence From Ease Of Doing Business Index, Imandojemu Kingsley

Bullion

The welfare of the citizenry in a modern economy depends critically on the state of the consumer behaviour of the household and the production decisions of business firms. Despite the efforts of the monetary authorities in supporting the micro-components of the economy and invariably improving the Ease of Doing Business in the country, very little has been done to evaluate their appropriateness in stimulating economic development. Against this backdrop, this paper critically examines the impact of supporting the microeconomic units on economic development in Nigeria.