Impact of Investment Structure by Economic Sectors and Other Factors on Economic Growth: Evidence from Vietnam with SGMM Estimation and Bayes Factor Approach

The purpose of the study is to determine the existing growth models of the countries of the Eurasian Union by GDP expenditures and sectors (manufacturing, transactional raw materials). The research methodology is a macroeconomic analysis of the dynamics of the main indicator of economic development — gross domestic product. The research method is a structural analysis that allows you to get a structural formula for calculating the contribution of each component of GDP to the growth rate, as well as a comparative analysis of the dynamics models of the countries in question — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia. The result of the study is the obtained structural relationships that make it possible to measure the influence of the investment structure on the growth rate, the criteria describing economic growth with a corresponding change in the country's national wealth, as well as the identification of models of economic dynamics by the countries of the Eurasian Union. It is indicative that the transaction sector dominates in Kazakhstan and Russia, while in other countries a mixed model is found, or industrial growth as in Belarus. According to the components of GDP and expenditures of the country, either a mixed or a consumer model is found (Kyrgyzstan, Russia), however, the contribution of government spending to the growth rate is provided only in Kazakhstan. It was also revealed that the reaction to the crisis of 2009 and 2015 was fundamentally different for the countries of the Eurasian Union. The search for the factor conditions of such a prevailing dynamics, as well as the influence of union economic relations on the formation of a growth model in each country, requires an expansion of research and an analytical perspective

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Public Investment in Education and Training in Vietnam

International Education Studies ◽

10.5539/ies.v11n7p106 ◽

2018 ◽

Vol 11 (7) ◽

pp. 106

Author(s):

Phung Van Hien

Keyword(s):

Economic Growth ◽

Empirical Analysis ◽

Public Investment ◽

Education And Training ◽

Public Budget ◽

Investment Structure ◽

National Productivity ◽

Intellectual Level ◽

And Training

Public investment in education and training occupies an important proportion in Vietnam public budget, approximately 20%, equivalent to 5% GDP. Public investment in education and training has many positive benefits and impact on the economy and society by contributing to economic growth, by improving the national productivity, people’s qualification and intellectual level well as reducing unemployment, poverty in a country. On the basis of an empirical analysis in Vietnam, this paper propose several relevant recommendation for Vietnam government to improve the performance of public investment in education and training by making contribution to ensure suitable investment structure as well as uphold important role of education and training to the development of the economy and society.

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Political Stability and Security Status

UKH Journal of Social Sciences ◽

10.25079/ukhjss.v3n1y2019.pp11-13 ◽

2019 ◽

Vol 3 (1) ◽

pp. 11-13

Author(s):

Ribaz Chato Biro

Keyword(s):

Economic Growth ◽

Developing Countries ◽

Direct Investment ◽

Political Stability ◽

Kurdistan Region ◽

Economic Sectors ◽

Autonomous Region ◽

Economic Progress ◽

New Destination

Political stability and security have become important factors of sustainable economic progress for the developing countries, especially states with the experience of war and instability. Kurdistan Region of Iraq (KRI) as a semi-autonomous region tried to improve the level of political stability and security status, to gain more foreign direct investment (FDI) and economic growth. Consequently, KRI has become the safest region in Iraq and enjoyed political stability and safety. Therefore, during the last decade, KRI has occurred as a new destination of FDI in the Middle East and has received notable progress in most of the economic sectors. The aim of this study is to evaluate the role of political stability and security status on the FDI attractions and their consequences on economic development. However, it will investigate the factors that make the KRI safer than the rest of Iraq.

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Employment Intensity of Economic Growth: Evidence from Nepal

Economic Journal of Development Issues ◽

10.3126/ejdi.v28i1-2.33195 ◽

2019 ◽

pp. 34-47

Author(s):

Madhav Prasad Dahal ◽

Hemant Rai

Keyword(s):

Economic Growth ◽

Developing Countries ◽

Gross Domestic Product ◽

Employment Growth ◽

Policy Agenda ◽

Economic Sectors ◽

Employment Opportunities ◽

Jobless Growth ◽

Review Period ◽

Intensive Growth

Economic growth and employment are taken as the top twin objectives of macroeconomic policy agenda in both developed and developing countries. Economic growth brings changes in employment growth. In general, during time of the growth of gross domestic product (GDP) increasing employment opportunities are created while unemployment will be rising during economic deceleration. This paper examines employment intensity of growth in (i) the economy of Nepal in totality, (ii) three broad economic sectors, and (iii) different sub-sectors of the economy over the period 1998-2018. Empirical result indicates labor-intensive growth in Nepal over the review period. There is no indication of jobless growth.

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The potentials for Political and Economic Development of Kosovo

ILIRIA International Review ◽

10.21113/iir.v3i2.132 ◽

2013 ◽

Vol 3 (2) ◽

pp. 319

Author(s):

MSc. Ngadhnjim Brovina ◽

MSc. Adnan Hoxha

Keyword(s):

Economic Growth ◽

Natural Resources ◽

The European Union ◽

Economic Sectors ◽

Public Companies ◽

Association Agreement ◽

The Public ◽

Political Status ◽

Political Economic ◽

The Eu

It is rather clear that it is mandatory to understand the potentials of growth for any economy to grow. With globalization taking place, countries in general, have intensified their political, economic and social integration. Kosovo, as the youngest state in Europe, is about to transform from a devastated economy into a developing one. It has not yet been able to tap on its natural resources and neither of its potentials for a faster economic growth. Its backbone economic sectors such as agriculture, textile, mining and metal sectors are still on their initial stages of revitalization, while the privatization of the public companies has not met its expectations.Whereas, Kosovo is doing a better job on, as its international presence and subjectivity of its political status (Independence) is strengthened. More and more countries are recognizing it as a sovereign country, while the recent initiation of the Stabilization and Association Agreement with the European Union, Kosovo is undergoing through its structural reforms and alliance with the EU standards and regulations.The future of Kosovo, like of any country, will depend on the way that its human, financial and natural resources are utilized. On this regard, this paper is an attempt to explore the potentials of the economic growth on different political contexts that Kosovo has and is expected to undergo.

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Dampak Pembiayaan BUS dan UUS Terhadap Produk Domestik Bruto Indonesia Berdasarkan Lapangan Usaha

Journal of Applied Islamic Economics and Finance ◽

10.35313/jaief.v1i3.2596 ◽

2021 ◽

Vol 1 (3) ◽

pp. 555-571

Author(s):

Aida Azmi Nabila ◽

Endang Hatma Juniwati ◽

Fifi Afiyanti Tripuspitorini

Keyword(s):

Economic Growth ◽

Economic Development ◽

Gross Domestic Product ◽

Model Test ◽

Domestic Product ◽

Islamic Banking ◽

Economic Sectors

Islamic banking has a role to encourage economic development and enhance economic growth. One way to do this is by allocating Islamic banking financing funds to all economic sectors or industrials in Indonesia. There is a mismatch between the growth statistics of financing distribution to Gross Domestic Product based on industrials consisting of seven industrial. This istudy iaims ito idetermine iwhether ior inot ithere iis ia relationship, iconstribution, and the effect iof ifinancing ichanneled on Indonesia's Gross Domestic Product. The isample iin ithis istudy was determined using ipurposive isampling. iThis iresearch imethod iis ia idescriptive imethod iwith ia iquantitative iapproach. iThe iresults iof the model test of the effect of BUS and UUS financing on Indonesia’s Gross Dometic Product based on the industrial in 2012-2019 show that not all financing has a relationship, constribution, and the effect to Indonesia’s Gross Domestic Product based on the industrial.

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Macroeconomic Growth in Vietnam Transitioned to Market: An Unrestricted VES Framework

Economies ◽

10.3390/economies8030058 ◽

2020 ◽

Vol 8 (3) ◽

pp. 58 ◽

Cited By ~ 1

Author(s):

Nguyen Ngoc Thach

Keyword(s):

Economic Growth ◽

High Speed ◽

Transition Economy ◽

Bayes Factor ◽

Elasticity Of Substitution ◽

Mcmc Methods ◽

Constant Elasticity ◽

Constant Elasticity Of Substitution ◽

Labour Share ◽

The Relationship

The Vietnamese economy has increased at high speed over the transformation decades; however, most recent studies on the economic growth of this country used the Cobb-Douglas or CES (Constant Elasticity of Substitution) production functions, which are unable to explore the relationship between the elasticity of capital-labour substitution and development process, and hence, are not relevant to accessing a dynamic economic system. For that reason, this study is conducted to specify an unrestricted VES (Variable Elasticity of Substitution) production function in a one-sector growth model of Vietnam, highlighted by two characteristics: successful transition from plan to market and rapid progress. The VES is given preference over the CES and the Cobb-Douglas having the elasticity of substitution between capital and labour varying with economic development. By employing a Bayesian nonlinear regression through MCMC methods, the study reported the following findings: (1) the above-unity variable elasticity of capital-labour substitution in an aggregate unrestricted VES function specified for Vietnam shows that the model generates the possibility of endogenous economic growth; (2) the capital share tends to increase, while the labour share faces a downward trend along with the development of Vietnam; (3) the VES is empirically proven through a Bayes factor test to be superior to the CES and Cobb-Douglas for analysis of the growth process of Vietnam, an emerging transition economy.

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Evaluating financial performance in local government: A study in South Sulawesi Province (Indonesia)

Research in Business and Management ◽

10.5296/rbm.v5i2.12791 ◽

2018 ◽

Vol 5 (2) ◽

pp. 31

Author(s):

Ramadhan Pirade ◽

H. Abdul Rahman Mus ◽

Hj. Masdar Mas’ud ◽

Hj. Andi Nirwana Nur

Keyword(s):

Economic Growth ◽

Local Government ◽

Financial Performance ◽

Fiscal Decentralization ◽

Capital Expenditure ◽

Total Sample ◽

Observation Time ◽

Growth Effect ◽

Economic Sectors ◽

South Sulawesi

This study investigates the financial performance measurement (fiscal decentralization, allocation of capital expenditure, economic growth effect on the regional own revenue) in South Sulawesi Province (Indonesia) local government. The database used is sourced from the Central Statistics Agency and the financial statements 24 County and City on 2012-2016, in order to obtain a total sample of 120 units of the sample. The results of the panel regression analysis using Eviews program 9 shows that increasing fiscal decentralization, capital expenditure and hence economic growth increasingly important role in increasing on the regional own revenue. Recommendations of these studies to the parties concerned to be pursued acceleration of economic growth quality and useful for the improvement of the regional own revenue (PAD) and creating equitable economic growth, especially in economic sectors that are closely related to the acceptance of the PAD. This study is very important that further research is necessary to perform additional variables with a longer observation time. Later research can also be done in other provinces in the entire territory of the Republic of Indonesia even more wide-ranging.

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The imbalance of investment activities

MATEC Web of Conferences ◽

10.1051/matecconf/201821208022 ◽

2018 ◽

Vol 212 ◽

pp. 08022

Author(s):

Svetlana Lobova ◽

Aleksei Bogoviz ◽

Julia Ragulina

Keyword(s):

Economic Growth ◽

Economic System ◽

Effective Interaction ◽

Federal Budget ◽

The State ◽

Economic Sectors ◽

Investment Activity ◽

Fixed Assets ◽

Financial Investments

The state of the economic system is characterized by a group of economic indicators that are structural ones, reflecting certain aspects of reproduction, including investment. The purpose of this research is to reveal the level of imbalance in the investment activity by the main types of activity, the adjustment of which will promote effective interaction of economic sectors and economic growth. The level of imbalance is defined as the variance in the deviation of sectoral indicators from the average for the economy, which we consider to be optimal. The analysis allowed making the following conclusions: the greatest structural shift is observed in terms of the share of investments in the active part of fixed assets and long-term financial investments; uneven support is provided from the federal budget to different branches; the investment activity is close in characteristics to the average values for the country and varies up to 8.16% in most industries. The imbalance in investment activity is determined not only by the implementation of the state sectoral programs and by investing priority sectors from the budget, but also by the differences in the conditions for its formation.

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Coronavirus Effects on the Economy of Jordan

International Journal of Financial Research ◽

10.5430/ijfr.v11n5p129 ◽

2020 ◽

Vol 11 (5) ◽

pp. 129

Author(s):

Khaled Abdalla Moh'd AL-Tamimi

Keyword(s):

Economic Growth ◽

Health Service ◽

Empirical Literature ◽

Negative Effects ◽

Economic Sectors ◽

Significance Level ◽

Quarterly Data ◽

Explanatory Variables ◽

Positive Effect

This paper reports the effects of coronavirus on Jordan's economic growth by using quarterly data for the period (2018/2019 Q1 – 2019/2020 Q4), where the numbers of people who are sick with coronavirus and those that have died from the virus are explanatory variables, and economic growth is an affected variable. The research concentrates on analyzing reviews of theoretical and empirical literature to show the effect of coronavirus on economic growth and explaining this effect in Jordan in this period by using the ARDL technique in Eviews. By using quarterly data for (2018/2019 Q1 – 2019/2020 Q4) at a significance level of 5%, this research demonstrates that the numbers of people who are ill with coronavirus and those that have died from the virus have a weak positive effect and a negative but significant effect on the economic growth of Jordan, respectively. The research also shows a recommendation of limiting the negative effects of coronavirus by reducing the number of deaths via strengthening the health service and opening some economic sectors to boost economic growth in the country.

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