Growth and Development Commons^™

A Cross-Country Analysis Of China’S Belt And Road Initiative, Leah Shoff

International Studies (MA) Theses

China established The Belt and Road Initiative in 2013 to unite the global economy as well as bolter their own political and economic interests. Though the initiative is relatively new, it is important to understand how the Belt and Road Initiative could impact the global economy. This program is open to any country in the world that seeks to improve its infrastructure. However, critics of China’s proposal have questioned whether countries participating in the program gain economically. Through evaluating the relationship between GDP, time, and other significant data provided by the IMF, a cross-country comparison between Pakistan and the Philippines …

The Effect Of Crime On Tourism In Indonesia, Muhammad Farhan, Hera Susanti

Journal of Strategic and Global Studies

Tourism sector is widely known as one of economic sectors that can be the engine of economic growth in an effort to reduce poverty in a country. However, growth in the tourism sector can be influenced by safety factors. Tourists tend to avoid tourism destination areas with high crime rates in order to avoid becoming victims of crime. This study aims to analyze the effect of crime on the number of tourist arrivals in Indonesia by using four proxies of crime, which are total crime rate, property crime rate, violent crime rate, and fraud crime rate. This study utilizes a …

Belanja Pemerintah, Fdi, Pertumbuhan Ekonomi, Pertumbuhan Industri, Dan Kemiskinan Di Indonesia, Isthafan Najmi, Cut Delsie Hasrina, Asmawati Asmawati, Rizal Ansari

Jurnal Ekonomi dan Pembangunan Indonesia

In this new era of globalisation, all countries including Indonesia are targeting poverty alleviation to help people achieve welfare. Furthermore, this study empirically examines the impact of government spending, FDI, economic growth, and industrial growth on poverty. This research uses the Autoregressive Distributed Lag (ARDL) method. The data used is time series data from 1972 to 2021 obtained from the World Development Indicator website. The findings of the ARDL estimation show that government spending and industrial growth increase household income, both in the long-run and the short-run. In contrast, economic growth is negatively associated with poverty in both the short …

Suggestions For Promoting Green Science And Technology Finance In China Under New Development Pattern, Wei Zhang, Xuemeng Liu

Bulletin of Chinese Academy of Sciences (Chinese Version)

The new development pattern poses dual challenges to China’s existing financial system. In order to meet the challenges, the financial system needs to vigorously promote the development of green technology finance. To fulfill this, it is necessary to promote the system linkage and digitization of green technology finance, as well as to optimize the product structure of green technology finance. To promote the systematic linkage of green technology finance, it is necessary to promote the linkage development between direct and indirect financing methods of green technology, as well as the linkage development among the financial market of green technology, industrial …

Do Digital Payments Spur Gst Revenue: Indian Experience, Surender Kumar

Bulletin of Monetary Economics and Banking

This paper measures the effect of digital payments on enhancing goods and services tax (GST) revenue in India using monthly time-series information on tax collections and digital payments. By employing an autoregressive distributed lag cointegration framework, we find that the GST elasticity concerning digital transactions is about 0.54. The implication is that a one-standard-deviation increase in the value of digital transactions spurs GST revenue of about INR 62 billion, and a one-standard-deviation increase in index of industrial production (IIP) enhances GST revenue by about INR 8 to 12 billion. These results suggest that enhancing digital transactions is an effective way …

Transportation, Healthcare Seeking, And Outcomes, Xiao Lin Ong

Dissertations and Theses Collection (Open Access)

Advancements in engineering and transportation technology have integrated commuting into modern living. Most studies on transportation infrastructure, such as roads and railways, focus on economic outcomes. This paper examines an overlooked outcome of transportation connectivity: access to medical care. We study the role transportation networks play in determining patients’ treatment location choices. Specifically, we aim to study 1) why patients travel to begin with, 2) how do patients choose where to go for treatment, and 3) how travel times can affect patients’ travel decisions. To do so, we develop a dynamic discrete choice, spatial model and provide empirical estimates. We …

Future Landscape Of The Economy, Wali Ullah, Fatima Sadik

Faculty Research - Book Chapters and Conference Papers

Key factors contributing to underwhelming economic growth include low private sector investment, high interest rates, slow momentum in credit to the private sector, deteriorating law and order conditions, ongoing political uncertainty, and historically low global economic growth. Econometric projections of key macroeconomic indicators, including GDP growth rate and inflation, for the next three fiscal years are performed based on three scenarios. In FY25, the GDP growth rate is likely to be in the range of 2.05 to 3.6 percent and inflation will likely decline from 26 percent but stay between 12 and 16.8 percent, given the stated assumptions hold true.

Criticizing The Asset Repatriation Policy For Tax Amnesty In Indonesia: An Interpretive And Comparative Study, Nidya Hapsari

Jurnal Vokasi Indonesia

Indonesia finds tax amnesty as a reliable funding alternative to develop a sustainable economy. Since 1964, Indonesia has implemented five tax amnesty programs. The latest two programs would offer lower amnesty compensation rates if taxpayers repatriated offshore assets back to Indonesia. However, the tax amnesty repatriation policy merely contributed minimal amounts of repatriated assets and low number of participants. Consequently, it failed to raise sufficient liquidity, fiscal revenues, tax compliance and economic growth. Hence, the study aims to (1) determine the justification and mechanism for the asset repatriation policy and (2) criticize the repatriation policy implementation. Applying interpretive and comparative …

The Strategies Of The Ziswaf Ctarsa Institution In Fundraising And Allocating Ziswaf, Cahyania Nursyabani, Wiwit Musaada, Nurul Huda

Journal Of Middle East and Islamic Studies

Zakat, infaq, alms, and waqf (ZISWAF) are Islamic social finance instruments that contribute to improving community welfare. On this basis, the CT ARSA Foundation established the ZISWAF CTARSA Institution. This study aims to determine the strategies of the ZISWAF CTARSA Institution in managing ZISWAF funds. The research method used is descriptive-qualitative with a field study approach. The data used came from interviews and literature studies. The results showed that the ZISWAF CTARSA Institution, as a relatively new institution, has successfully managed ZISWAF funds. ZISWAF's fundraising activities have proven to be very effective, both online and offline. The distribution model of …

The New China Model: Combating Economic And Political Order, Jack R. Swords

Dartmouth College Master’s Theses

Contemporary world politics centers around the actions of the two largest powers on Earth, the United States and China. They are both each other’s greatest adversary yet at the same time are each other’s largest trading partners. This thesis explores the nature of China’s economic climate that has seen it grow to one of the world’s foremost powers. However, the East Asian Nation faces economic challenges centered around the three D’s: Debt, Deflation, and Demographics. This thesis analyses what the nature of these challenges are and how China is responding to them within the ever-advancing world of economic and political …

Investing In The Next Generation: The Long-Run Impacts Of A Liquidity Shock, Patrick Agte, Arielle Bernhardt, Erica Field, Rohini Pande, Natalia Rigol

Discussion Papers

Poor entrepreneurs must frequently choose between business investment and children’s education. To examine this trade-off, we exploit experimental variation in short-run microenterprise growth among a sample of Indian households and track children’s education and business outcomes over eleven years. Treated households, who experience higher initial microenterprise growth, invest more in education and are one-third more likely to send children to college. However, only literate households experience child schooling gains and their enterprises stagnate in the long-run. In contrast, illiterate treatment households experience long-run business gains but declines in children’s education. Our findings suggest that microenterprise growth has the potential to …

Gender Pay Gaps In Mountain West Cities & States, 2024, Dre Boyd-Weatherly, Maryam Raja, Sean Curry, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data on the gender pay gap, or the difference in pay between male and female year-round full-time workers in the Mountain West states of Arizona, Colorado, Nevada, New Mexico and Utah. “Cities with the Largest Gender Pay Gaps” published by the Chamber of Commerce uses 2020-2021 data from the U.S. Census Bureau.

Wasted Space: Using Parking Lots & Vacant Land To Improve Neighborhood Completeness, Ryan Martyn

Hatfield Graduate Journal of Public Affairs

This study conducts a spatial analysis of Portland, Oregon, focusing on leveraging underutilized areas like parking lots and vacant land—termed "wasted space"—to improve the city's completeness. Central to this investigation is the concept of a "complete neighborhood," characterized by access to daily necessities within convenient active transportation trip. This comprehensive idea encompasses walkability, equitable access to services, and sustainability.

This paper aims to redefine the concept of a complete neighborhood with precision and delve into its implications. The research looks at five regional, town, and neighborhood centers as defined by the city of Portland. These centers act as pivotal hubs …

Home-Grown Economic Plans, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The government recently formed a committee of eminent international and Pakistani economists to draft a home-grown economic programme. This article shows that there is little need for such a committee. There is no dearth of reports, recommendations, cabinet decisions and plans prepared by the government itself as well as international development partners, private sector organisations, academic institutions, think tanks and professional bodies which cover all aspects of a home-grown programme. Numerous books, articles, op-ed pieces, webinars, seminars and conferences have also provided many proposals. This piece confines itself to the last six years. During this period, the management of the …

Firm-Level, Macroeconomic, And Institutional Determinants Of Firm Growth: Evidence From Europe, Anže Burger, Andreja Jaklič, Klemen Knez, Patricia Kotnik, Matija Rojec

Economic and Business Review

To examine the main drivers of firm growth, we estimated a model integrating firm-level, industry-specific as well as country-level determinants, aiming at a comprehensive explanation of firm growth. We used a large dataset of European firms for the 2005–2017 period and combined Amadeus firm-level data with macroeconomic variables and multidimensional measures of institutional framework, based on a range of sources. Using different panel regression model specifications, we found the most consistent relationships for firm-level determinants. Among country-level determinants, infrastructure quality, inward FDI, natural resources, and inequality show a consistently positive and significant relation with firm growth.

Education And Empowerment: The Role Of Cash Transfers In Challenging Barriers To Female Schooling In Mexico And Malawi, Kaelynn R. Mcclure

Lux et Fides: A Journal for Undergraduate Christian Scholars

Despite the wide body of research that supports the benefits of education in reducing poverty and empowering individuals, women around the world continue to face significant barriers to schooling. This paper examines key social norms and aspects of poverty hindering the path to education for girls and women, proposing the use of cash transfers to promote education worldwide. Case studies of two different cash transfer programs, PROGRESA in Mexico and SCTP in Malawi, are evaluated in terms of their effectiveness in providing opportunities for schooling and promoting women's empowerment.

Impact Of Fiscal Policy On Financial Inclusion And Development In Nigeria, Okwanya Innocent, Taiwo A. Olusegun, Aimua E. Peace

CBN Journal of Applied Statistics (JAS)

This paper examines the effect of fiscal policy on financial inclusion and development in Nigeria. The study employs the Autoregressive Distributed Lag (ARDL) model and impulse response function (IRF) to determine the extent and response of financial inclusion and development to fiscal policy changes in Nigeria. The study derives a financial inclusion index from three core indicators: access, usage and quality of financial services, while financial development is measured as the ratio of money supply to GDP (M2/GDP). The results show that government expenditure has a significant positive effect on financial inclusion and development, while tax revenue exerts a negative …

Value Added Tax Rate Variation, Import Demand And Sectoral Output In Nigeria, Joshua K. Nomkuha, Aondoawase Asooso, Philip T. Abachi

CBN Journal of Applied Statistics (JAS)

This study employs computable general equilibrium (CGE) model to estimate the effect of increase in value added tax (VAT), from 5 per cent to 7.5 per cent, on import demand and sectoral output in Nigeria. The study uses 2020 as the base year for the data analysis. The results show that increase in VAT affects import demand negatively, based on import penetration ratios, with mixed effect across six sectors. The implication of the result is that the VAT policy discourage consumption of foreign products, and constitute excess burden to consumers of such products in Nigeria. The results further reveal that …

Trade Liberalization, Non-Oil Export And Economic Growth In Nigeria, Jerome T. Andohol, Terhemen Tarzoor, Dennis T. Nomor

CBN Journal of Applied Statistics (JAS)

The study examines the impact of trade liberalization and non-oil exports on economic growth in Nigeria from 1986 to 2021. The study utilizes an autoregressive distributed lag model and found the combined effect of trade liberalization and non-oil exports to be positive and statistical significant. While trade liberalization alone may have negative consequences, its synergy with a robust non-oil export can drive sustainable economic growth. The study recommends that strategies to enhance non-oil exports should be encouraged to support the effectiveness of trade liberalization in promoting growth.

Stock Market Volatility In The United Kingdom: Simulating Post-Covid-19 Recovery, Bala A. Dahiru, Mohammed Shuaibu, Najibullah Hassanov

CBN Journal of Applied Statistics (JAS)

This paper investigates the time it would take for the FTSE-100 index to reach its post-COVID-19 peak. The paper utilises an exponential generalised autoregressive conditional heteroscedasticity (EGARCH) model that accounts for leverage effect and asymmetries. The preferred models amongst competing variants was the Autoregressive Moving Average (ARMA)-EGARCH(2,1) specification and was used to predict daily FTSE-100 data from 5th January 2000 to 21st June 2024. The empirical exercise showed that the COVID-19-induced financial crisis negatively affected the United Kingdom’s stock market performance. The results show that the FTSE100 index could reach its post-pandemic peak around 27th August, 2024 (two months after …