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Economic growth

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Full-Text Articles in Economics

Crime, Crisis And Economic Growth: An Investigation Of Socio-Economic Determinants Of Crimes In The Indian States, Ankita Thapa Jan 2022

Crime, Crisis And Economic Growth: An Investigation Of Socio-Economic Determinants Of Crimes In The Indian States, Ankita Thapa

Masters Theses

This paper investigates the impact of socio-economic conditions on five major crime heads from 2001-2019 using a panel data set for the Indian states. The paper focus on the great recession of 2008-09, economic growth of the states, and deterrence variables. The paper employed two estimation procedures: panel Fixed-Effect and two-stage least square-fixed effect (2SLS-FE). The 2SLS-FE is preferred over the fixed effect method, where poverty is treated as an endogenous variable with higher education and social sector expenditure as instrumental variables. A dummy variable is used for the period of the great recession. A square of state GDP per …

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Tapping On Growth Opportunities Through Trade And Investment, Andy Feng, Gerald Foong, Geraldine Lim Dec 2021

Tapping On Growth Opportunities Through Trade And Investment, Andy Feng, Gerald Foong, Geraldine Lim

Research Collection School Of Economics

As a small and open economy, external developments play a crucial role in shaping Singapore’s growth prospects. In particular, external demand is pivotal in supporting the growth of Singapore’s gross domestic product (GDP) beyond the limits afforded by a small domestic market. Furthermore, due to the resource constraints faced by Singapore, its production of goods and services to meet both external and domestic demand requires a substantial use of imported inputs. Apart from trade, Singapore’s openness and outward-orientation also extend to its embrace of inward and outward investments to grow its economy and create jobs for Singaporeans. In view of …

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Violence And Development: The Cost Countries Pay For High Rates Of Homicide, Brittany Lowe Sep 2021

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 …

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A Moment Of Opportunity: Strategies For Inclusive Economic Growth, Michelle Miller-Adams, Timothy J. Bartik, Brad J. Hershbein Aug 2021

A Moment Of Opportunity: Strategies For Inclusive Economic Growth, Michelle Miller-Adams, Timothy J. Bartik, Brad J. Hershbein

Upjohn Institute Technical Reports

No abstract provided.

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Optimal Fiscal And Price Stability In Germany: Autoregressive Distributed Lags (Ardl) Cointegration Relationship, Ergin Akalpler, Dahiru A. Birnintsabas Aug 2021

Optimal Fiscal And Price Stability In Germany: Autoregressive Distributed Lags (Ardl) Cointegration Relationship, Ergin Akalpler, Dahiru A. Birnintsabas

University of South Florida (USF) M3 Publishing

The impact of optimal fiscal policy measures in a managed fixed exchange rate system were questioned in this study, to evaluate the extent of Integrated Monetary and Fiscal Policy issuing quarterly time series data for Germany, for the period ranged between 1991q1 to 2017q4. The study shows that an optimal utilization of fiscal policy measures for economic growth in Germany is questioned in the light of tax revenue, government expenditure and public debt and consumer price index. The Autoregressive Distributed Lag (ARDL) model was employed due to the fact that one of the data parameters becomes stationary at level by …

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The Baran Ratio, Investment, And British Economic Growth And Development, Thomas E. Lambert Aug 2021

The Baran Ratio, Investment, And British Economic Growth And Development, Thomas E. Lambert

Faculty and Staff Scholarship

Investment in capital, new technology, and agricultural techniques has not been considered an endeavor worthwhile in a medieval economy because of a lack of strong property rights and no incentive on the part of lords and barons to lend money to or grant rights to peasant farmers. Therefore, the medieval economy and standards of living at that time often have been characterized as non-dynamic and static due to insufficient investment in innovative techniques and technology. Paul Baran’s concept of the economic surplus is applied to investment patterns during the late medieval, mercantile, and early capitalist stages of economic growth in …

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The Roaring Twenties After Covid-19: Revisiting The Evidence For Europe, Alessio Terzi May 2021

The Roaring Twenties After Covid-19: Revisiting The Evidence For Europe, Alessio Terzi

Journal of New Finance

Inspired by conspicuous historical parallels, some scholars and journalists have recently postulated that GDP growth and productivity might boom in the aftermath of the Covid-19 pandemic. This paper reviews the evidence for and against the ‘Roaring 20s’ hypothesis, concluding that some countries might experience a forceful economic expansion, possibly fuelled by pent-up demand, compounding a successful digital and green transition, or leveraging an export-led model. However, a strong prolonged economic bonanza is unlikely to materialise evenly across the EU. An uneven recovery would acquiesce imbalances within the Union, and especially the euro area. As such, policymakers should avoid complacency, and …

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Asymmetric Analysis Of Okun’S Law: The Case For Turkey, Pınar Deniz, F. İrem Dogan May 2021

Asymmetric Analysis Of Okun’S Law: The Case For Turkey, Pınar Deniz, F. İrem Dogan

Topics in Middle Eastern and North African Economies

This paper revisits Okun’s law under an asymmetric approach for Turkey applying structural threshold regression model that allows for endogeneity of the threshold variable that separates the dataset into low and high regime periods according to economic growth. Moreover, the theory is investigated taking subcategories of unemployment rate into account, such as age, education and gender. Empirical findings suggest that only the overall unemployment rate and female unemployment rate reflect significantly negative impacts in both periods. During deep recessions, unemployment rates are more responsive to economic growth. In order to consider nonlinearities, Kourtellos et al. (2016) structural threshold regression (STR) …

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The Impact Of The Capital Market, The Insurance Sector And The Mortgage Finance Sector On Economic Growth In Egypt, 2005-2019, Hana Anis Jan 2021

The Impact Of The Capital Market, The Insurance Sector And The Mortgage Finance Sector On Economic Growth In Egypt, 2005-2019, Hana Anis

Theses and Dissertations

This thesis aims to explore the relationship between financial markets and economic growth in Egypt for the 15 years period, starting from 2005 to 2019. The study concentrates on the non-banking financial sector which includes the stock market, the debt market, the mortgage and the insurance sectors. The Vector Autoregressive (VAR) model is utilized to describe the relationship between GDP growth rate, as a proxy for economic growth, and a number of variables from the financial sector. Results of the analysis show that there is a significant relationship and statistical causality between the growth rate and the debt market, represented …

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Biased Technical Change, Institutional Shift, And The Functional Distribution Of Income: Who Benefits From Economic Growth?, Adam Szymanski-Burgos Jan 2021

Biased Technical Change, Institutional Shift, And The Functional Distribution Of Income: Who Benefits From Economic Growth?, Adam Szymanski-Burgos

Electronic Theses and Dissertations

Starting from the mid 1970s and early 1980’s, the US and other advanced economies observed a widening divergence between the growth of average and median real hourly labor compensation and the average growth of labor productivity. This decoupling between labor compensation and productivity indicates a decline in the labor share of national income. Opposite to movements in the labor share, the share of national income remunerated as capital income has increased with the rise of capital incomes concentrated largely in corporate sector profits. Key developments since the middle of the 20th century have coincided with the onset of medium-run fluctuations …

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Export Promotion As A Development Strategy: Evidence From Selected Southeast Asian Countries And Lessons For Ghana, Ohenewaa B. Newman Jan 2021

Export Promotion As A Development Strategy: Evidence From Selected Southeast Asian Countries And Lessons For Ghana, Ohenewaa B. Newman

Journal for the Advancement of Developing Economies

Developing countries have adopted various development strategies such as import substitution industrialization (ISI) and export promotion strategies. For Latin-American and developing countries, some level of economic growth was experienced using ISI after the Second World War. However, these countries could not attain the needed economic growth, technological advancement or guarantee food security with the adoption of ISI. It led to unequal income distribution, less internal competition, and distortions of their economy, among others. The rise of export promotion strategies in the 1970s was evidenced by an impressive economic growth and a decline in poverty in jurisdictions like Taiwan, Tanzania and …

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Social Capital Unmasced: The Role Of Social Capital In State-Level Economic Growth, Meredith H. Allen Jan 2021

Social Capital Unmasced: The Role Of Social Capital In State-Level Economic Growth, Meredith H. Allen

Honors Theses

While the examination of social capital in social science research has expanded since the 1990s, little is known about its development over time or contributions to economic growth, particularly at the community level. I create a state-level index of social capital from 2008 to 2019 to analyze its evolution across the United States since the Great Recession. After analyzing the different rates of social capital improvement across the country, I then integrate the index in the production function and a growth accounting framework alongside capital and labor. I find that social capital is not only significant as a factor of …

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The Effects Of Imf's Lending And Conditionalities On Economic Growth: Case Of Sadc Countries, Lutete Celina Carlos Jan 2021

The Effects Of Imf's Lending And Conditionalities On Economic Growth: Case Of Sadc Countries, Lutete Celina Carlos

Masters Theses

I examine the impact of IMF credit use and its conditions on economic growth performance in 12 South African countries over a period of 1999-2019. The work adopts an empirical and quantitative approach to analyzing the relationship between the GDP per Capita, the use of IMF Credit, Government Final Consumption Expenditure, Net Domestic Credit and Current Account balance. These variables are the most recommended in the IMF conditionalities during the lending arrangements with SADC members. The study uses Fixed-effect approach to evaluate how the use of IMF program and the conditions imposed directly affects economic growth. A dummy variable is …

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Part 2: A Recovery At Different Speeds: Virginia's Metropolitan Areas, Dragas Center For Economic Analysis & Policy, Old Dominion University Jan 2021

Part 2: A Recovery At Different Speeds: Virginia's Metropolitan Areas, Dragas Center For Economic Analysis & Policy, Old Dominion University

State of the Commonwealth Reports

Virginia’s economic recovery in 2021 has been driven by the performance of some, but not all, of its metropolitan areas. While Hampton Roads and Richmond have lagged the performance of the state and nation since the onset of the pandemic, smaller metros like Blacksburg and Winchester have recovered jobs more quickly. As we near the end of 2021, we discuss how Virginia’s metros have fared over the last 24 months and present the challenges for creating growth across the Commonwealth in the coming years.

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A Simple Measure Of Economic Complexity, Sabiou M. Inoua Jan 2021

A Simple Measure Of Economic Complexity, Sabiou M. Inoua

ESI Working Papers

Contrary to conventional economic growth theory, which reduces a country’s output to one aggregate variable (GDP), product diversity is central to economic development, as recent, “economic complexity”, research suggests. A country’s product diversity reflects its diversity of knowhow or “capabilities”. Researchers proposed the Economic Complexity Index (ECI) and the country Fitness index to estimate a country’s number of capabilities from international export data; these measures predict economic growth better than conventional variables such as human capital. This paper offers a simpler measure of a country’s knowhow, Log Product Diversity (or LPD, the logarithm of a country’s number of products), which …

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Impact Of Tax Revenue On Economic Growth In Nigeria (1981-2017), Abubakar Biliksu Aliyu, A. A. Mustapha Dec 2020

Impact Of Tax Revenue On Economic Growth In Nigeria (1981-2017), Abubakar Biliksu Aliyu, A. A. Mustapha

Bullion

The main objective of this research is to assess empirically the impact of tax revenue on economic growth in Nigeria, spanning from 1981 to 2017. It employs, time series data obtained from the CBN statistical bulletins, FIRS annual publications and National Bureau of Statistics (NBS) portal. To achieve the objectives of the study, OLS and ARDL techniques were employed to estimate the relationships and the dynamics and longrun effects of independent variables on dependent variable. ARDL bound test revealed that the variables are cointegrated while ARDL long-run estimation indicated that petroleum profit, value added tax and government domestic debt are …

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Impact Of Monetary Policy On Inflation Rate In Nigeria: Vector Autoregressive Analysis, Eggon Ahmed Henry, Ajidani Moses Sabo Dec 2020

Impact Of Monetary Policy On Inflation Rate In Nigeria: Vector Autoregressive Analysis, Eggon Ahmed Henry, Ajidani Moses Sabo

Bullion

The Nigerian monetary authorities have implemented several monetary management policies with the aim of achieving price stability and economic growth in the country, but without success. This study was conducted to examine the impact of monetary policy management on inflation in Nigeria during the 1985- 2019. Autoregressive distributed lag analysis was employed on time series data covering the period. It was found that while monetary policy rate and foreign exchange rate impacted negatively on inflation; broad money supply impact positively on it. Therefore, the study recommended that monetary authorities should fix the exchange rate at where the value of Naira …

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Impact Of Government Expenditure On Economic Growth In Nigeria, 1970-2019, Aluthge Chandana, Jibir Adamu, Abdu Musa Dec 2020

Impact Of Government Expenditure On Economic Growth In Nigeria, 1970-2019, Aluthge Chandana, Jibir Adamu, Abdu Musa

CBN Journal of Applied Statistics (JAS)

This study investigates the impact of Nigerian government expenditure (disaggregated into capital and recurrent) on economic growth using time series data for the period 1970-2019. The paper employs Autoregressive Distributed Lag (ARDL) model. To ensure robustness of results, the study accounts for structural breaks in the unit root test and the co-integration analysis. The key findings of the study are that capital expenditure has positive and significant impact on economic growth both in the short run and long run while recurrent expenditure does not have significant impact on economic growth both in the short run and long run. The study …

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The Global Production Sharing And Economic Development: The Nexus Of Preferential Trade Agreements And Unilateral Trade, Handunnetti Naveen Mendis Wickremeratne Jul 2020

The Global Production Sharing And Economic Development: The Nexus Of Preferential Trade Agreements And Unilateral Trade, Handunnetti Naveen Mendis Wickremeratne

Theses and Dissertations

This study primarily attempts to investigate the causal relationship between Global Production Sharing and economic growth. Secondarily, the study attempts to identify the impact of Preferential Trade Agreements on Global Production Sharing. The study is based on secondary data for a panel of 12 Asian countries for the time period from 1999 to 2017. The methodology adopted for the study is both quantitative and qualitative. The empirical methodology is based on Cobb-Douglas production function, and panel fixed effects estimator is employed to derive the consistent estimates. The empirical findings of the study suggest that Global Production Sharing has a positive …

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Analysis Of The Causal Link Between Economic Growth And Development In Nigeria (1960-2019), Muhammad Umar Jun 2020

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.

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Efficiency Gain Argument Of Fiscal Federalism And Economic Growth: Evidence From Five Selected Developing Federal Economies, Hyacinth E. Ichoku, Walter O. Ugwuoke Jun 2020

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 …

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Female Labor Force Participation And Economic Growth: Granger Causality Test, Zulakha Rahman May 2020

Female Labor Force Participation And Economic Growth: Granger Causality Test, Zulakha Rahman

Theses and Dissertations

Does rising female labor force participation precede economic growth, or does the relationship run in the other direction? This paper addresses this question by performing a Granger causality test to examine the relationship between economic growth and female labor force participation worldwide. The economic growth –is measured in two ways: using Growth Domestic Product, Purchasing Power Parity (constant 2011 international dollar) and Growth Domestic Product using local currency units. The test uses a completely balanced panel dataset spanning over 28 years from 1990 to 2018 and using 151 countries for Purchasing Power Parity dataset and 154 countries in GDP in …

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The Effect Of Oil Price On Economic Growth In Lebanon: A Markov-Switching Approach, Işıl Akgül, Kenan Lopcu May 2020

The Effect Of Oil Price On Economic Growth In Lebanon: A Markov-Switching Approach, Işıl Akgül, Kenan Lopcu

Topics in Middle Eastern and North African Economies

This paper investigates the regime changes in the Lebanese economy using Markov Switching Auto Regressive models. Using the industrial production index and various variables, including oil prices, we identify two distinct regimes. The findings reveal that the Lebanese growth cycles are largely driven by seasonal effects and random shocks. The findings also indicate that the average duration of the instable and slow growth regime is much longer than that of the expansion and high growth regime. Finally, the probabilities of switching from one regime to another are rather very low but nearly zero for switching from the instable slow growth …

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Essays On Heterogeneous Large Panel Data Models, Ke Miao May 2020

Essays On Heterogeneous Large Panel Data Models, Ke Miao

Dissertations and Theses Collection (Open Access)

This dissertation consists of three papers which contribute to the estimation and inference theory of the heterogeneous large panel data models. The first chapter studies a panel threshold model with interactive fixed effects. The least-squares estimators in the shrinking-threshold-effect framework are explored. The inference theory on both slope coefficients and the threshold parameter is derived, and a test for the presence of the threshold effect is proposed. The second chapter considers the least-squares estimation of a panel structure threshold regression (PSTR) model, where parameters may exhibit latent group structures. Under some regularity conditions, the latent group structure can be correctly …

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Exchange Rate Regimes And Economic Growth, Amandarae Matthew Apr 2020

Exchange Rate Regimes And Economic Growth, Amandarae Matthew

Undergraduate Theses

This paper explores the relationship between economic growth and exchange rate regimes among countries of lower income, lower middle income, upper middle income, and high-income countries. Countries must make careful consideration when choosing an exchange rate regime because each regime can have different long-term effects. A cross section pooled time series data will be used for a sample of 42 countries over the period of 2000-2018. Multiple models will examine the various relationships between types of exchange rate regimes, changes in exchange rate regimes, and economic growth. The components of the models being tested include political stability, change in terms …

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Governance, Institutional Quality, Growth And Inequality In Africa. A Study Of Central Bank Of Nigeria, Ann Ogbo, Arachie Augustine Ebuka, Ezema Ikechukwu Humphrey Mar 2020

Governance, Institutional Quality, Growth And Inequality In Africa. A Study Of Central Bank Of Nigeria, Ann Ogbo, Arachie Augustine Ebuka, Ezema Ikechukwu Humphrey

Bullion

This paper examined the role of institutional quality on economic growth and reduction of inequality in Nigeria. Survey research design was adopted and data were collected through primary and secondary sources. Population of the study was 600 businesses across Nigeria. Descriptive and inferential statistics were used for data analysis. Findings revealed that the bottlenecks facing businesses in accessing loans have significant effects on business creation in Nigeria. The study concluded that lack of policies and interventions are not the problems for small businesses to obtaining funds from government, but effectiveness and efficiency of these interventions and policies.

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Pension Fund, Financial Development And Output Growth In Nigeria, Iwegbu Onyebuchi Mar 2020

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 …

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Temperature And Economic Activity: Evidence From India, Anuska Jain, Róisín O'Sullivan, Vis Taraz Feb 2020

Temperature And Economic Activity: Evidence From India, Anuska Jain, Róisín O'Sullivan, Vis Taraz

Economics: Faculty Publications

This paper investigates the impact of temperature on economic activity in India, using state-level data from 1980–2015. We estimate that a 1 ◦C increase in contemporaneous temperature (relative to our sample mean) reduces the economic growth rate that year by 2.5 percentage points. The adverse impact of higher temperatures is more severe in poorer states and in the primary sector. Our analysis of lagged temperatures suggests that our effects are driven by the contemporaneous effect of temperature on output; we do not find evidence of a permanent impact of contemporaneous temperatures on future growth rates.

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How Technology-Based Start-Ups Support U.S. Economic Growth, Mary Blankenship, Caitlin Saladino, William E. Brown Jan 2020

How Technology-Based Start-Ups Support U.S. Economic Growth, Mary Blankenship, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet examines the trends of technology-based start-ups within the United States and specific states in the Mountain West (Arizona, Colorado, Nevada, Utah, and New Mexico) across the top 10 technology industries in 2016, using data provided by a report from the Information Technology and Innovation Foundation.

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Estimating The Impacts Of Business Assistance Programs: The Case Of The Manufacturing Extension Partnership And Multi-Year Estimates, Jim Robey, Randall W. Eberts, Kenneth Voytek Jan 2020

Estimating The Impacts Of Business Assistance Programs: The Case Of The Manufacturing Extension Partnership And Multi-Year Estimates, Jim Robey, Randall W. Eberts, Kenneth Voytek

Presentations

No abstract provided.

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