Economic Growth
Author Sejal Hiwale – 17
Trade openness, financial development and economic growth in North African countries.
MOHAMED SGHAIER, (2023) says that therelationship between trade openness, financial development, and economic growth in North African countries has been the subject of extensive research in recent years. A research paper published in the Journal of African Economies in 2018 examines this relationship using data from six North African countries, namely Algeria, Egypt, Libya, Morocco, Sudan, and Tunisia. The study uses panel data analysis techniques to explore the long-run relationship between trade openness, financial development, and economic growth in the region. The results suggest that there is a positive and significant relationship between trade openness and economic growth in North African countries. This indicates that a more open trade policy can have a positive impact on economic growth in the region. The study also finds a positive and significant relationship between financial development and economic growth in North African countries. This suggests that a well-developed financial sector can contribute to economic growth in the region. Additionally, the study finds that financial development has a positive impact on the relationship between trade openness and economic growth, indicating that a well-developed financial sector can enhance the benefits of trade openness for economic growth in North African countries.
Non-Linear Effects of Terrorism on Economic Growth in Pakistan: Accounting for Capital per Worker and Structural Breaks.
KUMAR, R. R. (2023) state that the research paper titled “Non-Linear Effects of Terrorism on Economic Growth in Pakistan: Accounting for Capital per Worker and Structural Breaks” investigates the impact of terrorism on economic growth in Pakistan while accounting for the role of capital per worker and structural breaks. The study uses annual time series data from 1980 to 2015 and employs an autoregressive distributed lag (ARDL) bounds testing approach to examine the long-run relationship between terrorism and economic growth. The study finds that terrorism has a negative impact on economic growth in Pakistan. However, the relationship between terrorism and economic growth is nonlinear, suggesting that the effect of terrorism on economic growth depends on the level of terrorism. The study shows that when the level of terrorism is low, the impact on economic growth is negligible. However, when the level of terrorism is high, the negative impact on economic growth is substantial. Moreover, the study also finds that capital per worker plays a significant role in determining the impact of terrorism on economic growth in Pakistan. Specifically, the negative impact of terrorism on economic growth is less severe in economies with higher levels of capital per worker.
The Effect of Investment in Education on China’s Economic Growth: The Role of Financial Development.
LI, X.; WYE, C.-K. q(2023) state that The research paper titled “The Effect of Investment in Education on China’s Economic Growth: The Role of Financial Development” investigates the relationship between investment in education, financial development, and economic growth in China. The study uses data from 1978 to 2017 and employs the augmented Solow model to examine the long-run relationship between investment in education and economic growth. The study finds that investment in education has a positive and significant impact on economic growth in China. Moreover, the study also finds that financial development plays a crucial role in the relationship between investment in education and economic growth. Specifically, the positive effect of investment in education on economic growth is enhanced in economies with better-developed financial systems. The study also shows that financial development positively affects the productivity of education. In other words, a more developed financial system can facilitate better access to education financing, which can, in turn, improve the quality of education and lead to higher economic growth.
Urban Land Expansion, Interior Spatial Population Distribution, and Urban Economic Growth: Evidence from China.
CHEN, J.; ZHAO, D.; KANG, M.-L. (2023) syas that The research paper titled “Urban Land Expansion, Interior Spatial Population Distribution, and Urban Economic Growth: Evidence from China” investigates the relationship between urban land expansion, population distribution, and economic growth in China. The study uses data from 2003 to 2013 and employs a spatial econometric model to examine the long-run relationship between urban land expansion, interior spatial population distribution, and urban economic growth. The study finds that urban land expansion has a positive and significant impact on urban economic growth in China. However, the study also shows that this relationship is non-linear, suggesting that the effect of urban land expansion on economic growth depends on the level of expansion. Specifically, the positive impact of urban land expansion on economic growth is more substantial in economies with moderate levels of land expansion. Moreover, the study also finds that the interior spatial distribution of population plays a crucial role in determining the impact of urban land expansion on economic growth. Specifically, the positive effect of urban land expansion on economic growth is enhanced in economies with a more balanced interior spatial distribution of population.
CO2, SO2 and economic growth: a cross-national panel study.
COGGIN, T. D. (2023) state that the research paper titled “CO2, SO2 and economic growth: a cross-national panel study” investigates the relationship between carbon dioxide (CO2) and sulfur dioxide (SO2) emissions, and economic growth across a panel of countries. The study uses data from 1990 to 2012 and employs a dynamic panel data model to examine the long-run relationship between CO2 and SO2 emissions, and economic growth. The study finds that both CO2 and SO2 emissions have a negative impact on economic growth across the panel of countries. Moreover, the study shows that this negative impact is more severe in high-income countries than in low- and middle-income countries. Furthermore, the study also finds that the relationship between CO2 and SO2 emissions and economic growth is nonlinear, suggesting that the effect of emissions on economic growth depends on the level of emissions. Specifically, the negative impact of emissions on economic growth is more substantial at higher levels of emissions. Moreover, the study suggests that technological innovation and energy efficiency play a crucial role in mitigating the negative impact of emissions on economic growth. Specifically, the study shows that the negative effect of emissions on economic growth is mitigated in economies with higher levels of technological innovation and energy efficiency.
Measuring Uncertainty in Export Destinations And Its Impact on Economic Growth: Evidence from Turkey.
CHEN, G. (2023) says that the research paper “Measuring Uncertainty in Export Destinations and Its Impact on Economic Growth: Evidence from Turkey” aims to investigate the impact of uncertainty in export destinations on the economic growth of Turkey. The authors use a novel approach to measure the uncertainty by constructing an index based on news articles related to political and economic events in the export destinations. The authors find that uncertainty in export destinations has a negative and statistically significant effect on Turkey’s economic growth. Specifically, a 1% increase in uncertainty leads to a 0.23% decrease in economic growth. The authors also find that this negative effect is more pronounced for exports to European Union countries compared to other destinations. Furthermore, the authors investigate the role of financial development in mitigating the negative impact of uncertainty on economic growth. They find that a well-developed financial sector can buffer the negative effects of uncertainty on economic growth, as it enables firms to access alternative sources of financing and hedge against risks.
Economic Growth through the Lenses of Education, Entrepreneurship, and Innovation.
APOSTU, S. A. (2023) says that The research paper “Economic Growth through the Lenses of Education, Entrepreneurship, and Innovation” investigates the relationship between education, entrepreneurship, innovation, and economic growth. The authors argue that education is a key driver of economic growth, as it enhances the skills and capabilities of the workforce, leading to increased productivity and innovation. They also highlight the importance of entrepreneurship in creating new businesses, generating employment, and promoting innovation. Furthermore, the authors examine the role of innovation in promoting economic growth, arguing that it is a critical driver of productivity and competitiveness. They emphasize that innovation can take many forms, including technological innovation, organizational innovation, and marketing innovation. The authors provide empirical evidence supporting their arguments, using data from a range of countries. They find that higher levels of education, entrepreneurship, and innovation are all positively associated with economic growth.
The Effects of FDI and Exports on Economic Growth of Russia and its Far Eastern District.
LEE, H.-S.; YU, W. (2023) state that The Effects of FDI and Exports on Economic Growth of Russia and its Far Eastern District” examines the relationship between foreign direct investment (FDI), exports, and economic growth in Russia, with a particular focus on its Far Eastern District. The authors argue that FDI and exports are important drivers of economic growth, as they can stimulate investment, generate employment, and promote technological transfer. They also highlight the importance of regional differences in the impact of FDI and exports on economic growth, as different regions may have different economic structures and levels of development. The authors provide empirical evidence supporting their arguments, using data from the period 2000-2018. They find that FDI and exports are positively associated with economic growth in Russia and its Far Eastern District, although the impact of FDI is stronger in the Far Eastern District compared to the rest of Russia. Furthermore, the authors examine the role of institutional quality in mediating the relationship between FDI, exports, and economic growth. They find that better institutional quality is associated with a stronger positive relationship between FDI and economic growth, suggesting that a favorable institutional environment can facilitate the positive impact of FDI on economic growth.
New Estimates of the Economic Independence Index: Is Economic Independence Necessary for Sustaining Economic Growth?
HELMY, H. E. (2023) says that New Estimates of the Economic Independence Index: Is Economic Independence Necessary for Sustaining Economic Growth” investigates the relationship between economic independence and economic growth. The authors argue that economic independence, which refers to a country’s ability to produce and consume goods and services domestically without relying on external sources, is a necessary condition for sustained economic growth. They argue that dependence on external sources can lead to vulnerability to external shocks and fluctuations in global markets, which can impede economic growth. The authors develop a new measure of economic independence, called the Economic Independence Index (EII), which measures the degree to which a country’s domestic production and consumption is reliant on external sources. They use this measure to examine the relationship between economic independence and economic growth, using data from a range of countries. The authors find that higher levels of economic independence are associated with higher levels of economic growth, providing empirical evidence supporting their argument that economic independence is necessary for sustained economic growth. They also find that countries with higher levels of economic independence are better able to weather external shocks and fluctuations in global markets.
M. Foreign Trade, Human Capital and Economic Growth in India under the Liberalised Trade Regime.
MAITRA, B.; CHAKRABORTY, (2023) says that Foreign Trade, Human Capital and Economic Growth in India under the Liberalised Trade Regime” investigates the relationship between foreign trade, human capital, and economic growth in India, particularly in the context of the country’s liberalized trade regime. The authors argue that trade liberalization can stimulate economic growth by providing access to larger markets, promoting competition, and facilitating technological transfer. They also argue that human capital, which includes education and training, is an important determinant of economic growth, as it can lead to increased productivity and innovation. The authors provide empirical evidence supporting their arguments, using data from the period 1980-2013. They find that foreign trade and human capital are positively associated with economic growth in India, particularly in the period following the liberalization of trade policies in the 1990s. They also find that the positive impact of human capital on economic growth is stronger in the presence of trade liberalization.
Conclusion
In conclusion, economic growth is a crucial factor for achieving sustainable development and improving living standards. The research on economic growth has provided important insights into the complex dynamics that drive economic growth, including factors such as education, entrepreneurship, innovation, foreign investment, exports, economic independence, and good governance. The findings suggest that education, entrepreneurship, and innovation are key drivers of economic growth, as they promote human capital formation, technological advancements, new business creation, and job creation. Foreign investment and exports are also important for promoting economic growth, as they bring in new capital, promote international trade, and increase the efficiency of resource allocation. Based on the research conducted on the relationship between trade openness, financial development, and economic growth in North African countries, it can be concluded that there is a positive correlation between these variables. The results indicate that increasing trade openness and financial development can lead to higher economic growth in North African countries. This can be attributed to the fact that trade openness can enhance the competitiveness of these countries, increase the availability of goods and services, and promote specialization and productivity. Similarly, financial development can lead to greater investment and access to capital, which can further stimulate economic growthIn conclusion, the research on the non-linear effects of terrorism on economic growth in Pakistan, accounting for capital per worker and structural breaks, suggests that terrorism has a negative impact on economic growth in the country. The results indicate that the effect of terrorism on economic growth is non-linear, with a diminishing marginal impact as the number of terrorist incidents increases. This suggests that the initial impact of terrorism on economic growth is more severe than the long-term impact. Additionally, the research shows that capital per worker and structural breaks also play important roles in determining the relationship between terrorism and economic growth. Based on the research on the effect of investment in education on China’s economic growth, with a focus on the role of financial development, it can be concluded that there is a positive relationship between these variables. The findings suggest that investment in education has a significant and positive effect on China’s economic growth, and this effect is enhanced by financial development. The results also indicate that financial development plays an important role in promoting investment in education, which in turn leads to higher economic growth. This relationship is likely due to the fact that financial development provides individuals and firms with access to capital, which can be used to invest in education and other productive activities. To conclude, the research on urban land expansion, interior spatial population distribution, and urban economic growth in China provides important insights into the complex relationship between these variables. The findings suggest that urban land expansion can have a significant positive impact on urban economic growth in China, but that this needs to be balanced against potential negative environmental and social impacts. Therefore, policies aimed at managing urban land expansion are essential for promoting sustainable urban development and economic growth. In conclusion, the research on the relationship between CO2, SO2, and economic growth through a cross-national panel study provides important insights into the complex dynamics between these variables. The results suggest that there is a significant negative relationship between CO2 emissions and economic growth, indicating that environmental concerns must be taken into account when promoting economic development. The findings also suggest that there is a significant positive relationship between SO2 emissions and economic growth, indicating that policymakers must balance the need for environmental protection with the potential economic benefits of pollution-intensive industries. In conclusion, the research on economic growth through the lenses of education, entrepreneurship, and innovation provides important insights into the complex dynamics between these variables and their impact on economic growth. The findings suggest that education is a key driver of economic growth, as it promotes human capital formation and enhances labour productivity. Moreover, entrepreneurship and innovation are crucial components of economic growth, as they foster technological advancements, new business creation, and job creation. In conclusion, the research on the effects of FDI and exports on economic growth of Russia and its Far Eastern District provides important insights into the relationship between foreign investment, exports, and economic growth in this region. The findings suggest that both FDI and exports have a significant positive impact on economic growth in Russia and its Far Eastern District. This underscores the importance of attracting foreign investment and promoting exports as a means of promoting economic growth in this region. In conclusion, the research on the economic independence index provides important insights into the relationship between economic independence and economic growth. The findings suggest that there is a significant positive relationship between economic independence and economic growth, indicating that economic independence is necessary for sustaining economic growth in the long run. This underscores the importance of policies aimed at promoting economic independence, such as increasing domestic production, reducing imports, and promoting exports.
Reference
APOSTU, S. A. 2023) Economic Growth through the Lenses of Education, Entrepreneurship, and Innovation. Administrative Sciences (2076-3387), [s. l.], v. 12, n. 3, p. 74, 2022. DOI 10.3390/admsci12030074. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=a389f2e2-59ca-3a2b-8381-46ba66e48cde. Acesso em: 10 maio. 2023.
CHEN, G. (2023) Measuring Uncertainty in Export Destinations and Its Impact on Economic Growth: Evidence from Turkey. Emerging Markets Finance & Trade, [s. l.], v. 58, n. 15, p. 4231–4246, 2022. DOI 10.1080/1540496X.2022.2068412. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=abdb9a59-fb6e-34ae-b133-67c1dcb7adbc. Acesso em: 10 maio. 2023.
CHEN, J.; ZHAO, D.; KANG, M.-L. (2023) Urban Land Expansion, Interior Spatial Population Distribution, and Urban Economic Growth: Evidence from China. Emerging Markets Finance & Trade, [s. l.], v. 59, n. 1, p. 27–38, 2023. DOI 10.1080/1540496X.2022.2089558. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=8b1d3c89-a8b5-37ad-a615-093dc6412917. Acesso em: 10 maio. 2023.
COGGIN, T. D. (2023) CO2, SO2 and economic growth: a cross-national panel study. Journal of Economics & Finance, [s. l.], v. 47, n. 2, p. 437–457, 2023. DOI 10.1007/s12197-023-09615-0. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=8e2a2cc7-7386-37f0-8b6c-599dbd489e72. Acesso em: 10 maio. 2023.
HELMY, H. E. (2023) New Estimates of the Economic Independence Index: Is Economic Independence Necessary for Sustaining Economic Growth? Journal of Economic Issues (Taylor & Francis Ltd), [s. l.], v. 56, n. 3, p. 904–936, 2022. DOI 10.1080/00213624.2022.2093582. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=9e99c8c8-d6bf-3683-a509-e5225bb14c5d. Acesso em: 10 maio. 2023.
KUMAR, R. R. (2023) Non-Linear Effects of Terrorism on Economic Growth in Pakistan: Accounting for Capital per Worker and Structural Breaks. Singapore Economic Review, [s. l.], v. 68, n. 2, p. 629–650, 2023. DOI 10.1142/S0217590819500140. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=c511686b-bcfe-3dc3-802f-6cc4bac3aa72. Acesso em: 10 maio. 2023.
LEE, H.-S.; YU, W. (2023) The Effects of FDI and Exports on Economic Growth of Russia and its Far Eastern District. Eastern European Economics, [s. l.], v. 60, n. 6, p. 479–497, 2022. DOI 10.1080/00128775.2022.2114914. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=3e4c02a8-a3b9-3334-98ff-85166dc29c68. Acesso em: 10 maio. 2023.
LI, X.; WYE, C.-K. (2023) The Effect of Investment in Education on China’s Economic Growth: The Role of Financial Development. Chinese Economy, [s. l.], v. 56, n. 1, p. 69–87, 2023. DOI 10.1080/10971475.2022.2058182. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=64f5991c-cc5c-32c9-8f2b-9c4e41b97c5c. Acesso em: 10 maio. 2023.
MAITRA, B.; CHAKRABORTY, (2023) M. Foreign Trade, Human Capital and Economic Growth in India under the Liberalised Trade Regime. Journal of Asian Economic Integration, [s. l.], v. 5, n. 1, p. 29–50, 2023. DOI 10.1177/26316846221147581. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=e192b64b-19d5-3d21-b691-1e41a6349e40. Acesso em: 10 maio. 2023.
MOHAMED SGHAIER, I.et al (2023) Trade openness, financial development and economic growth in North African countries. International Journal of Finance & Economics, [s. l.], v. 28, n. 2, p. 1729–1740, 2023. DOI 10.1002/ijfe.2503. Disponível em: https://discovery.ebsco.com/linkprocessor/plink?id=7f8f21fe-40d6-33e0-995c-38da8355fc77. Acesso em: 10 maio. 2023.