Social and Behavioral Sciences Commons^™

Unleashing Asean's Potential Through Aec, Michael Zink

Asian Management Insights

The Association of Southeast Asian Nations (ASEAN) has set an ambitious goal to integrate the economies of its ten members by 2015, a move that is aimed at boosting the bloc’s competitiveness and creating development across the region that is more equitable. With the target date for Southeast Asia's countries to create a single economic market just months away, increasing attention is being paid to the region's vast economic potential. If successful, the formation of the ASEAN Economic Community (AEC) will not only create one of the world’s largest integrated economic spheres, but will add vastly to the appeal of …

México: Crecimiento Económico Regional Y Marco Institucional, Isaac L. Sánchez-Juárez, Rosa M. García

Isaac Sánchez-Juárez

En este capítulo se estudia, de forma preliminar, el papel que juegan las instituciones formales en lo general y tres tipos en particular en el crecimiento económico de México: los derechos de propiedad, la calidad gubernamental y el tipo de sistema político. De acuerdo con la mayor parte de literatura, perteneciente a la economía institucional, existe una relación positiva entre el crecimiento económico y las instituciones. Usando un modelo estándar de crecimiento, se muestra que mejores instituciones ayudan a incrementar el ingreso per cápita, a través de su impulso a la inversión y la productividad. Sobre la base del modelo …

Specification Test For Panel Data Models With Interactive Fixed Effects, Liangjun Su, Sainan Jin, Yonghui Zhang

Research Collection School Of Economics

In this paper, we propose a consistent nonparametric test for linearity in a large dimensional panel data model with interactive fixed effects. Both lagged dependent variables and conditional heteroskedasticity of unknown form are allowed in the model. We estimate the model under the null hypothesis of linearity to obtain the restricted residuals which are then used to construct the test statistic. We show that after being appropriately centered and standardized, the test statistic is asymptotically normally distributed under both the null hypothesis and a sequence of Pitman local alternatives by using the concept of conditional strong mixing that was recently …

Defense Expenditures And Economic Growth In Pakistan And India: An Augmented Feder-Type Model, Muhammad Ramzan Sheikh

Business Review

To discover defense-growth nexus, this study has used Feder type model to capture the supply-side impacts for Pakistan and India. In Feder-type model, this study has used four sectors to find out total effects of defense spending on growth by using OLS technique. The findings of the study show that there is positive association between the total effect of defense and growth in all the sectors for both the countries. In augmented Feder type model, the total effects along with externality effects and productivity differential have been re-estimated. The sign of the total effects of defense sector remain the same …

Economic Development Recommendations That Focus On The "Working Poor": Lessons From Waco, George Erickcek, Don Edgerly, Brian Pittelko, Claudette Robey, Bridget F. Timmeney, Jim Robey

Employment Research Newsletter

No abstract provided.

An Autoregressive Distributed Lag (Ardl) Approach To The Oil Consumption And Growth Nexus: Nigerian Evidence, N. Inuwa, H. M. Usman

Economic and Financial Review

This study attempts to examine the relationship between oil consumption, carbon emission and economic growth in Nigeria covering the period 1980-2011. The study applied Dickey-Fuller Generalised Least Square (DF-GLS) unit root test and autoregressive distributed lag (ARDL) bound test approach to co-integration. The bond test results reveals a long-run equilibrium relationship among oil consumption, carbon emission and economic growth. The result also showed a positive and statistically significant impact of oil consumption on economic growth. The coefficient of error correction term in the ARDL model was statistically significant, indicating that the adjustment process by which long-run equilibrium is restored after …

The Relationships Of Inflationary Trend, Agricultural Productivity And Economic Growth In Nigeria, Oyakhilomen Oyinbo, Grace Z. Rekwot

CBN Journal of Applied Statistics (JAS)

This study investigates the links existing between inflationary trend, agricultural productivity and economic growth in Nigeria using time series data spanning from 1970 to 2011. The results of the analyses indicate a unidirectional causality from inflationary trend to agricultural productivity, unidirectional causality from agricultural productivity to economic growth with no causality between inflationary trend and economic growth. Based on these findings, it is recommended that the Central Bank of Nigeria should pay more attention to the trend of inflation and pursue policies that will ensure single digit inflation.

Economic Development Strategic Plan For The City Of Waco, Texas, George A. Erickcek, Don Edgerly, Brian Pittelko, Claudette Robey, Bridget F. Timmeney, Dennis Burnside, Jim Robey

Reports

No abstract provided.

Why Does Society Support Science? And How To Meet The Expectations?, Fred D. Ledley

Natural & Applied Sciences Faculty Publications

Public support for science is related less to the wonder of scientific discovery than the expectation that scientific and technological advances will lead to new product, jobs, and economic growth. Recent evidence suggests that these outcomes are not certain. Fred Ledley argues that the public is often promised the benefits of scientific discoveries without adequate consideration of the business challenges inherent in translating science for public benefit.

An Analysis Of The Linkage Between Inflation Rate, Foreign Debt, Unemployment And Economic Growth In Sudan, Yagoub Elryah Dr.

Yagoub Elryah (PhD)

After secession of South Sudan, Sudan economy was decline due to losing of oil revenue. The government introduced the austerity measures and fault to recover the economy. The inflation was risen, the unemployment increased among Sudanese. The aim of this article was to analyze the relationship between inflation, unemployment, external debt and economic growth in Sudan. We considered Unit root technique (Augmented Dickey – Fuller Test) to find out long run equilibrium among using time series between 1980 and 2013. We show that all two public debts and unemployment have a direct and significant influence on economic growth. It was …

Kentucky's Innovation Ecosystem, Center For Business And Economic Research, Gatton College Of Business And Economics, University Of Kentucky, Innovation Network For Entrepreneurial Thinking

CBER Infographic Posters

Changes in our economy and our society are redefining how we create economic opportunity and build successful enterprises. These changes are compelling critical examinations of how we pursue economic development in Kentucky. Given the importance of young high-growth firms for wage and job growth, it is vital for states, regions, communities, and universities to effectively leverage their assets toward the development of entrepreneurs, creation of startups, and sustaining high-growth enterprises.

U.S. Employment Outlook For 2014: Can The U.S. Economy Stand On Its Own?, Randall W. Eberts

Periodical Articles

No abstract provided.

Foreign Capital Flows And Economic Growth In Pakistan: An Empirical Analysis, Sharafat Ali

Sharafat Ali

Pakistan economy has received large inflows of foreign capital, in shape of foreign debt, FDI and worker’s remittances, over the years. The present study is focused on the examination of effects of these flows on economic growth in Pakistan. Johansen cointegration technique and Granger causality test has been used for the analysis for the sample period of 1972-2013. The results reveal negative impacts of these flows on economic growth of the economy in long run. Short run analysis confirmed unidirectional causality running from debt service, FDI, inflation and literacy rate to growth. Causality from domestic investment is not concluded but …

Exports, Imports, Government Consumption And Economic Growth In Upper-Middle Income Countries, Minh Dao

Minh Dao

Esfahani (1991) shows that the statistically significant correlation between export promotion and economic growth in semi-industrialized countries (SICs) has been mainly attributable to the role of exports in reducing import ‘shortages’, which have impeded output growth in these countries. As a result, export-promotion policies as a superior development strategy in SICs play an important role in those that cannot secure sufficient foreign aid or investment. Esfahani (1991) also develops a simultaneous equations model to address the simultaneity bias between GDP and export growth rates. In this article we extend the model developed by Esfahani (1991) by incorporating the contribution of …

Relationship Among Internet Usage, Economic Growth, And Publication Productivity: Comparison Between Asean And World's Best Countries, Hossein Gholizadeh

Hossein Gholizadeh

Publication productivity, as measured by the number of papers, has been regarded as one of the main indicators of reputation of countries and institutions. Nevertheless, the relationship among research publications, economic growth and World Wide Web in ASEAN countries is still unclear. The main intention of this study was to identify publication productivity among ASEAN and the world’s top ten countries in the last 16 years (1996-2011). This study also aimed at finding the relationship among publication, gross domestic product (GDP) and internet usage. Furthermore, the publication trend in the 10 first Malaysian universities was evaluated for the same periods. …

Determinants Of Non-Oil Export And Economic Growth In Nigeria: An Application Of The Bound Test Approach, Samson Adeniyi Aladejare, Abdulwahab Saidi

Journal for the Advancement of Developing Economies

The effects of the recent global economic crises on Nigeria’s economy have reaffirmed the urgent need for economic diversification in the country. Although no country is immune to such global crises, the over reliance on oil export revenue by Nigeria expose her economy excessively to external shocks. Therefore, this research examines the impact of aggregate non-oil sector and its determinant on economic growth. The bound test approach was explored to examine the long and short run effects of the non-oil export and its ensuing determinants. The result reveals a significant effect of non-oil export on economic growth in both the …

Macroeconomic Effects And Microeconomic Determinants Of Fertility, Maria R. Apostolova-Mihaylova

Theses and Dissertations--Economics

This dissertation focuses on the relationship between the education-based fertility gap and economic growth and on policy as a determinant of fertility.

In the first essay I evaluate the impact of differential fertility (the difference between fertility rates of women with high educational attainment and women with low educational attainment) on economic growth by accounting for critical marginal effects and the general level of educational attainment in a given country. I also examine the possibility that this effect varies based on level of inequality and income levels. I find that for a less developed country with high income inequality, higher …

Impacto Del Mercado De Deuda Corporativa En El Costo De Capital De La Industria En Colombia Durante El Periodo 2002 2013, Adriana Del Pilar García Pedraza, Juan Sebastián Santa Vargas

Economía

Ante la dinámica de la integración del mercado bursátil en Colombia y la necesidad por ampliar el sistema financiero tradicional, se hace evidente la falta de competitividad de Colombia en ese ámbito. Tal situación pone en el panorama la alternativa de una mejora de los datos de la economía colombiana en el entorno global, y esto a su vez permite que las empresas y el gobierno, puedan emitir deuda con unas tasas mucho más bajas. Por tanto, la presente investigación tiene como objetivo analizar el efecto de la participación del mercado de deuda corporativa en el costo de capital de …

The Road Through The Rust Belt: From Preeminence To Decline To Prosperity, William M. Bowen, Editor

Upjohn Press

The chapters in this book explore reasons for the decline of "Rust Belt" cities and the often innovative responses of local leaders and entrepreneurs that are helping to revive these areas.

Monitoring The Philippine Economy Year-End Report For 2013, Mitzie Irene P. Conchada

Angelo King Institute for Economic and Business Studies (AKI)

Philippine economic growth for the year 2013 exceeded expectations – posting a 7.2 growth despite devastation brought about by the Zamboanga crisis and natural calamities. Economic performance: Upward trend in the demand side was driven by consumer spending and domestic investment; on the other hand, the main growth factor for the supply side was the services sector.

Exports, Imports, Government Consumption And Economic Growth In Upper-Middle Income Countries, Minh Dao

Faculty Research and Creative Activity

Esfahani (1991) shows that the statistically significant correlation between export promotion and economic growth in semi-industrialized countries (SICs) has been mainly attributable to the role of exports in reducing import ‘shortages’, which have impeded output growth in these countries. As a result, export-promotion policies as a superior development strategy in SICs play an important role in those that cannot secure sufficient foreign aid or investment. Esfahani (1991) also develops a simultaneous equations model to address the simultaneity bias between GDP and export growth rates. In this article we extend the model developed by Esfahani (1991) by incorporating the contribution of …

Exports, Imports, Government Consumption And Economic Growth In Upper-Middle Income Countries, Minh Dao

Faculty Research and Creative Activity

Esfahani (1991) shows that the statistically significant correlation between export promotion and economic growth in semi-industrialized countries (SICs) has been mainly attributable to the role of exports in reducing import ‘shortages’, which have impeded output growth in these countries. As a result, export-promotion policies as a superior development strategy in SICs play an important role in those that cannot secure sufficient foreign aid or investment. Esfahani (1991) also develops a simultaneous equations model to address the simultaneity bias between GDP and export growth rates. In this article we extend the model developed by Esfahani (1991) by incorporating the contribution of …