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Economic growth

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Full-Text Articles in Economics

An Assessment Of Eda's Partnership Planning Program, George A. Erickcek, Brad R. Watts, Larry Ledebur, Claudette Robey, Daila Shimek, Kevin O'Brien, Andrew Batson, Jim Robey, Jacob Duritsky, Kim Merik Apr 2012

An Assessment Of Eda's Partnership Planning Program, George A. Erickcek, Brad R. Watts, Larry Ledebur, Claudette Robey, Daila Shimek, Kevin O'Brien, Andrew Batson, Jim Robey, Jacob Duritsky, Kim Merik

Reports

This report examines EDA‘s Partnership Planning Program, which consists of Economic Development Districts (EDDs) and the Comprehensive Economic Development Strategies (CEDS) they are required to create, and provides recommendations as to how the program could be improved to lead effective regional development strategic efforts.


Judicial Reforms And Economic Growth, Ishrat Husain Dr. Mar 2012

Judicial Reforms And Economic Growth, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Growth rates in Pakistan since 2008 have declined to almost half of the level achieved in the preceding four years. The investment ratio in 2010-11 has been the lowest in the history of Pakistan. Most of the discussion on the stagnation and decline of the economy has rightly focused on fiscal deficits, energy shortages, inflation, and high interest rates. But the relationship between the rule of law and investment and business development is not much talked about in popular discourse. In the absence of a conducive legal environment, uncertainties created by other factors such as political instability, security, law and …


Macroeconomic Shocks And Fiscal Deficit Behaviour In Nigeria: A Vecm Approach., M. O. Abeng, K. S. Alehile Mar 2012

Macroeconomic Shocks And Fiscal Deficit Behaviour In Nigeria: A Vecm Approach., M. O. Abeng, K. S. Alehile

Economic and Financial Review

This paper focuses on establishing the links between fiscal deficit and short-term changes in major macroeconomic variables like real output, interest rate, exchange rate, inflation rate and crude oil price in Nigeria. Empirical results show that the model adequately explains the behaviour of government of fiscal deficit and that while the accumulation of deficit is not at all detrimental to the economy per se, prudence should be exercised in the financing options adopted and more so the appropriate application of such funds to selffinancing projects. It is recommended that government broaden its tax-net to curb the surging borrowing as well …


The Interaction Of Political Capacity And Economic Growth To Attract Foreign Direct Investments At The Provincial Levels Of Developing Countries, Murniz Allen Vasay Coson Jan 2012

The Interaction Of Political Capacity And Economic Growth To Attract Foreign Direct Investments At The Provincial Levels Of Developing Countries, Murniz Allen Vasay Coson

CGU Theses & Dissertations

This dissertation will explore how developing provinces within countries attract foreign direct investment. The policy implication to this study is important because it could account for the uneven distribution of growth in developing countries that so frequently leads to dual economies. To attract foreign direct investments, provincial governments compete among themselves trying to appeal to international investors. There is consensus in the economic development literature that both economic and political variables interact to advance a nation's economy. The ability for a country to provide a free market economy to exchange goods and ideas makes the environment more favorable for investors, …


Three Essays Concerning The Relationship Between Exports, Macroeconomic Policy, And Economic Growth, Brandon James Sheridan Jan 2012

Three Essays Concerning The Relationship Between Exports, Macroeconomic Policy, And Economic Growth, Brandon James Sheridan

Theses and Dissertations--Economics

This dissertation consists of three essays that collectively investigate the relationship between exports, macroeconomic policy and economic growth. The first essay investigates the relationship between disaggregated exports and growthto address why many developing countries rely on primary goods as their main source of export income when evidence suggests they could earn higher returns by exporting manufactured goods.Using regression tree analysis, I find that although increasing manufacturing exports is important for sustained economic growth, this relationship only holds once a threshold level of development is reached. The results imply that a country needs a minimum level of education before it is …


Employment Growth From Public Support Of Innovation In Small Firms, Albert N. Link, John T. Scott Jan 2012

Employment Growth From Public Support Of Innovation In Small Firms, Albert N. Link, John T. Scott

Upjohn Press

Link and Scott provide a statistical assessment of the employment growth associated with public support of R&D in small, entrepreneurial firms through the Small Business Innovation Research (SBIR) program.


The Governance Of China’S Finance, Katharina Pistor Jan 2012

The Governance Of China’S Finance, Katharina Pistor

Faculty Scholarship

This chapter examines the governance of China's financial system, which, it shows, cannot be adequately explained using conventional paradigms that rely on ownership and legal or regulatory controls alone. Instead, China's governance regime relies heavily on human resource management, which uses control rights over the career path of top-level financial cadres. A commentary is included at the end of the chapter.


Economic Outlook Heading Into 2012, Emmanuel Opoku, Scott W. Fausti Dec 2011

Economic Outlook Heading Into 2012, Emmanuel Opoku, Scott W. Fausti

Economics Commentator (1972- 2016)

No abstract provided.


State Economic Development Policies: What Works?, Timothy J. Bartik Nov 2011

State Economic Development Policies: What Works?, Timothy J. Bartik

Presentations

No abstract provided.


Fdi, Education, And Economic Growth: Quality Matters!, Miao Wang, M. C. Sunny Wong Jun 2011

Fdi, Education, And Economic Growth: Quality Matters!, Miao Wang, M. C. Sunny Wong

Economics Faculty Research and Publications

In this paper, we revisit the results from the influential study by Borensztein et al. (Journal of International Economics 45:115–135, 1998), which argues that inward foreign direct investment (FDI) promotes the economic growth in a less developed host country only when the host country obtains a threshold level of secondary schooling. Borensztein et al. (Journal of International Economics 45:115–135, 1998) only focus on the quantity of education. We take into consideration both the quantity and the quality of education. We adjust the original schooling data in Borensztein et al. (Journal of International Economics 45:115–135, 1998) by two quality of education …


When Will The Labor Market Recover?, Randall W. Eberts Apr 2011

When Will The Labor Market Recover?, Randall W. Eberts

Employment Research Newsletter

No abstract provided.


Telecommunications Investment And Economic Development: Evidence From A Panel Of Sub-Saharan Africa (Ssa), Chali Nondo, Mulugeta Kahsai Mar 2011

Telecommunications Investment And Economic Development: Evidence From A Panel Of Sub-Saharan Africa (Ssa), Chali Nondo, Mulugeta Kahsai

Regional Research Institute Working Papers

The objective of this paper is to study the role of government effectiveness, institutional and political factors in aggregate output and telecommunications penetration in SSA countries. The contribution of these factors in aggregate output and telecommunications evolution is examined using a framework that accounts for the endogeneity and interactions between aggregate output and telephone penetration rates. Results from the study indicate that government effectiveness is an important determinant for aggregate output. Another supplemental finding is that the incessant political upheavals in SSA countries have a detrimental effect on aggregate output. From this, we endorse that SSA countries should design and …


Evaluation Of Regional Collaborations For Economic Development, Kevin Hollenbeck, Nancy Hewat Feb 2011

Evaluation Of Regional Collaborations For Economic Development, Kevin Hollenbeck, Nancy Hewat

Conference Papers

No abstract provided.


When Will Us Employment Recover From The Great Recession?, Randall W. Eberts Jan 2011

When Will Us Employment Recover From The Great Recession?, Randall W. Eberts

Periodical Articles

No abstract provided.


The Great Indian Growth Puzzle: What Caused A Spike In 2003?, Aditya Bindal Jan 2011

The Great Indian Growth Puzzle: What Caused A Spike In 2003?, Aditya Bindal

CMC Senior Theses

This paper will employ unit root tests for finding structural breaks endogenously among India’s key macroeconomic aggregate series, as well as their components and subcomponents. The same analysis will be repeated, wherever data are available, for states. The results from these unit root tests will then be used in regression models for national and state level data to understand the causes behind structural breaks. We find that breakpoints cluster around 1982 and 2003 for most series at the national and state level. The services component appears to be a promising candidate for explaining the 2003 structural break in some of …


Public Policy, Human Instincts, And Economic Growth, Jonathan B. Wight Jan 2011

Public Policy, Human Instincts, And Economic Growth, Jonathan B. Wight

Economics Faculty Publications

Alfred Marshall famously insisted that economics is more like biology than physics. Societies are organic ecologies that evolve and produce organized but unplanned complexity (Hayek 1979). Although no public policy reliably produces economic growth across all ecosystems, a key element unites diverse institutions and policies that do seem to work: they all are reasonably compatible with human instinct. Institutions that build on the basic instinct for self-betterment (as in markets) have a much easier time in achieving success than institutions that oppose it (as in communism). Instincts, like gravity, are a force of nature. Adam Smith theorized, for example, …


The Role Of Institutional Quality In Fdi Inflows In Sub-Saharan Africa, Mulugeta Kahsai, Yohannes G. Hailu, Chali Nondo, Peter V. Schaeffer Jan 2011

The Role Of Institutional Quality In Fdi Inflows In Sub-Saharan Africa, Mulugeta Kahsai, Yohannes G. Hailu, Chali Nondo, Peter V. Schaeffer

Regional Research Institute Working Papers

During the period 2000 to 2008, Africa’s collective GDP grew at an annual rate of 4.9 percent. Even though previous studies argue that strengthened and improved institutional quality is key determinant for attracting foreign direct investment to Africa, we find no evidence to that effect. Using a panel data for 45 Sub-Saharan African countries (SSH), we estimate the role of institutional quality (governance) in attracting FDI inflow during the 1996-2007 period. After controlling for country and time specific effects and the economic environment of the host country, we find no significant evidence of the impact of institutional quality on FDI …


A Time Series Investigation Of The Impact Of Corporate And Personal Current Taxes On Economic Growth In The U.S., Peter J. Saunders Jan 2011

A Time Series Investigation Of The Impact Of Corporate And Personal Current Taxes On Economic Growth In The U.S., Peter J. Saunders

Economics Faculty Scholarship

This paper investigates the impact of corporate income taxes and personal current taxes on economic growth. Time-series tests analyzing the relationship between corporate taxes and nonresidential investment are implemented. Also tests of the impact of personal current taxes on the labor supply, approximated by the average weekly overtime hours in manufacturing, are undertaken. These tests include cointegration, vector error correction (VEC) estimation, and Granger causality testing of the relevant time-series data. Cointegration tests indicate the existence of a stable long run relationship between corporate taxes and nonresidential investment. Further investigation of this relationship is undertaken within the VEC testing framework. …


Pengeluaran Sektor Publik, Pertumbuhan Ekonomi Dan Kemiskinan Di Indonesia, Ferry Prasetyia, Farah Wulandari, Ri Setia Hutama Jan 2011

Pengeluaran Sektor Publik, Pertumbuhan Ekonomi Dan Kemiskinan Di Indonesia, Ferry Prasetyia, Farah Wulandari, Ri Setia Hutama

Jurnal Ekonomi dan Pembangunan Indonesia

The aim of this paper was to determine the effect of public sector expenditure to economic growth and poverty in all provinces in Indonesia during period 2006 to 2008. Using Full Information Maximum Likelihood (FIML) approach, the result showed that public sector expenditure on education and health sector had significant effect in boosting economic growth. Inaddition, the output produced by the education and health sector, both of the output had significant effect on economic growth. While, public sector expenditure on infrastructure had insignificant effect. Furthermore, this study showed that public sector expenditure on education and health also had significant effect …


The Paradoxical Effect Of Intercity Transportation And Communications Infrastructure On Urban Concentration: The Dispersion-Concentration Model, Alvaro Ballarin Cabrera Jan 2011

The Paradoxical Effect Of Intercity Transportation And Communications Infrastructure On Urban Concentration: The Dispersion-Concentration Model, Alvaro Ballarin Cabrera

Economics Honors Projects

This study examines the effect of intercity transportation and communications infrastructure on urban concentration on a sample of 84 countries between the years 1960 and 2010. By comparing the effects of interregional transportation and communications infrastructure on primacy and urbanization, I find that (1) such investments promote population dispersion amongst connected areas and (2) population concentration from unconnected locations into connected ones. Therefore, intercity transportation and communications infrastructure is only effective at reducing excessive concentration when the dispersion effect exceeds the concentration effect.


The Myth Of Endless Accumulation: A Feminist Inquiry Into Globalization, Growth, And Social Change, Martha Freymann Miser Jan 2011

The Myth Of Endless Accumulation: A Feminist Inquiry Into Globalization, Growth, And Social Change, Martha Freymann Miser

Antioch University Dissertations & Theses

This theoretical dissertation examines the concept of growth and its core assumption—that the continual accumulation of wealth is both socially wise and ecologically sustainable. The study challenges and offers alternatives to the myth of endless accumulation, suggesting new directions for leadership and social change. The central question posed in this inquiry: Can we craft a more ethical form of capitalism? To answer this question, the study examines conventional and critical globalization studies; feminist scholarship on standpoint, political economy, and power; and the Enlightenment notions of progress and modernism, drawing on a number of works, including Aristotle on the three intelligences, …


Women In China, Between Confucius And The Market, Tonia Warnecke, Alain Blanchard Dec 2010

Women In China, Between Confucius And The Market, Tonia Warnecke, Alain Blanchard

Faculty Publications

No abstract provided.


Is The Philips Curve Useful For Monetary Policy In Nigeria, Carlos J. Garcia Dec 2010

Is The Philips Curve Useful For Monetary Policy In Nigeria, Carlos J. Garcia

CBN Occasional Papers

The objective of this article is to determine if the Phillips curve is a relevant tool to conduct monetary policy in African countries wishing to adopt an inflation-targeting regime. I choose Nigeria as a case of study because it is in the early stage of the implementation of this regime. I estimate a medium-sized model for monetary policy analysis. The model reflects a synthesis between the New Keynesian and the Real Business Cycle (RBC) approaches. Then I estimate the model by using Bayesian econometric technique in order to overcome the shortage of data availability. The study concludes that there is …


Private Sector And Economic Growth, Ishrat Hussain Dr. Nov 2010

Private Sector And Economic Growth, Ishrat Hussain Dr.

Faculty Research - Talks, Speeches, & Discourse

Despite spectacular achievements on the economic front: achieving growth rate of 6 percent annually for over four decades, tripling its per capita income and drastically declining the incidence of poverty from almost 50 percent of the population to less than 20 percent by the late eighties although it has resurged to 34 percent by the late nineties. However, we are still a poor and underdeveloped country and the benefits of this progress have not been shared universally.


Are Savings Working For Zambia’S Growth?, Chrispin Mphuka Nov 2010

Are Savings Working For Zambia’S Growth?, Chrispin Mphuka

Zambia Social Science Journal

This article analyses the effect of savings on economic growth in Zambia. Using vector auto regression, the article finds that economic growth ‘Granger’ causes domestic savings. This goes contrary to the neoclassical theory on the relationship between economic growth and savings. However, the article argues that a case of increasing domestic savings mobilization holds on the premise that doing so may influence growth indirectly by attracting partnerships with international capital thereby helping to inject new technology in the economy which is undoubtedly vital for growth. The argument is strengthened further by observing that East Asian countries have grown faster than …


Tools And Methods To Anticipate Local Job Creation & Suppression: Opportunities And Threats, Randall W. Eberts Oct 2010

Tools And Methods To Anticipate Local Job Creation & Suppression: Opportunities And Threats, Randall W. Eberts

Conference Papers

No abstract provided.


Using The American Community Survey To Build A Dashboard Of Regional Economic Indicators, Randall W. Eberts Sep 2010

Using The American Community Survey To Build A Dashboard Of Regional Economic Indicators, Randall W. Eberts

Conference Papers

No abstract provided.


Industrial And Occupational Strengths And Potential In Michigan’S Economic Regions: A Description And Presentation Of A New Database, Timothy J. Bartik, George A. Erickcek, Wei-Jang Huang Sep 2010

Industrial And Occupational Strengths And Potential In Michigan’S Economic Regions: A Description And Presentation Of A New Database, Timothy J. Bartik, George A. Erickcek, Wei-Jang Huang

Reports

This report describes a preliminary version of an Upjohn Institute database that covers the economic development potential of different industries and occupations in Michigan’s regions. The MERIOD (Michigan Economic Region Industrial and Occupational Development) database surveys specialized industries and high-growth industries in each of the fifteen metro areas. It identifies export- based industries to the six-digit NAICS level and explores recent growth trends in these industries in both the Michigan metro area and at the national level.


Economic Impact Of Pharmacia On Kalamazoo County In 2000, George A. Erickcek, Brad R. Watts Aug 2010

Economic Impact Of Pharmacia On Kalamazoo County In 2000, George A. Erickcek, Brad R. Watts

Reports

No abstract provided.


How Does Income Inequality Affect The Growth Of U.S. Counties?, Jeremy Roth Aug 2010

How Does Income Inequality Affect The Growth Of U.S. Counties?, Jeremy Roth

Economics Honors Projects

This paper aims to conduct a precise test of the political economy hypothesis linking income inequality and economic growth. By choosing covariates from a detailed county-level dataset and assuming that U.S. counties experience perfect capital mobility, I shut off the four possible channels linking inequality and growth other than political economy. This is a first in an empirical literature that has reported conflicting findings with observations of states and countries. I also present thematic maps to illustrate the cross-county variation in key growth determinants that is masked by state-level studies. My econometric tests find a negative association between the initial …