Economic Growth and Long-Term Competitiveness: Contribution of the Private Sector

2020 ◽  
pp. 172-185
Author(s):  
Camélia Dumitriu
Keyword(s):  
Economic Growth ◽  
Private Sector

scholarly journals How does Financial Development and Petroleum Price cause Trade Openness in Pakistan?

2021 ◽  
Vol 3 (1) ◽  
pp. 42-60
Author(s):  
Damian Honey
Keyword(s):  
Economic Growth ◽  
Private Sector ◽  
Financial Development ◽  
Trade Openness ◽  
Oil Prices ◽  
Terms Of Trade ◽  
The Past ◽  
Petroleum Price ◽  
Yearly Data

In the past financial development and petroleum prices have been identified as acrucial factor influencing economic growth. This provoked us to explore the way financial development and petroleum prices influence the trade openness in Pakistan. The sample of yearly data is collected from 1980 to 2016 in order to apply ARDL cointegration method. Our results reflect the presence of long term cointegration between trade openness and its factors. This suggest that with the rise in credit in private sector there is eventual impact on imports and exports whereas the international petroleum prices also impact the same by pushing the prices of goods. Hence it is recommended that hedging the oil prices and the expansion of credit in Pakistan is worthwhile in terms of trade openness.

Asymmetric Equilibrium Adjustment between Employment and Economic Growth in Côte d’Ivoire

2013 ◽  
pp. 1-9
Author(s):  
Coffie Francis José N’Guessan
Keyword(s):  
Economic Growth ◽  
Private Sector ◽  
Macroeconomic Policies ◽  
Threshold Autoregressive ◽  
Threshold Autoregressive Model ◽  
Real Gdp ◽  
Short Run ◽  
The Relationship ◽  
Cointegration Relationship

In this chapter, the author investigate the possibility of asymmetry in the relationship between employment in the modern private sector and economic growth as measured by real Gross Domestic Product (GDP). The analysis is based on a threshold cointegration model. The use of a momentum threshold autoregressive model led to the rejection of the hypothesis of no cointegration, implying that the cointegration relationship between employment and real GDP is asymmetric. The error correction model developed thereafter suggests that in the short-run, when employment is above its long-term trend, the disequilibrium is adjusted via a decreasing of real GDP. However, it seems like adjustment does not occur when employment is below its equilibrium value. This indicates that restrictive macroeconomic policies that affect the labor market can lead to a persistent employment crisis in the modern private sector.

scholarly journals Monetary Policy and Private Sector Credit Interaction in Ghana

2020 ◽  
pp. 180-191
Author(s):  
Alice Constance Mensah ◽  
Ebenezer Okyere
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Private Sector ◽  
Error Correction ◽  
Money Supply ◽  
Long Run ◽  
Short Run ◽  
The Government

Using a series of econometric techniques, the study analysed interaction between monetary policy and private sector credit in Ghana. This study made use of monthly dataset spanning January 1999 to December 2019 of credit to the private sector (PSC) and broad money supply (M2). The results reveal that there exists cointegration, a long run stationary relation between monetary policy and private sector credit. This implies, increases in credit should prompt long-term increases in monetary policy. It is not surprising that growth in the private sector might have a stronger effect on monetary policy. The Error Correction Test is statistically significant and that all the variables demonstrate similar adjustment speeds. This implies that in the short run, both money supply and credit are somewhat equally responsive to their last period’s equilibrium error. There is unidirectional causation from private sector credit to monetary policy. It can be said that, there is an interaction between money supply and private sector credit. Thus, credit to private sector holds great potential in promoting economic growth. It can be recommended to the government to increase the credit flow to the private sector because of its strategic importance in creating and generating growth of the economy.

scholarly journals Financial Deepening and Economic Development in MENA Countries: Empirical Evidence from the Advanced Panel Method

2017 ◽  
Vol 9 (4) ◽  
pp. 152
Author(s):  
Serife Ozsahin ◽  
Dogan Uysal
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Private Sector ◽  
Financial System ◽  
Estimation Methods ◽  
Financial Deepening ◽  
Mena Countries ◽  
Integration Test ◽  
Domestic Credit

This study analyses the effect of financial deepening on economic development in 12 MENA countries for the period between 2000 and 2014. Using three financial deepening indicators which are widely used in the literature, an econometric analysis was conducted through co-integration and estimation methods which take cross-sectional dependence into account. A long-term relationship between variables was revealed with Westerlund (2008) Durbin-Hausman panel co-integration test, and then, long-term coefficients were obtained using Pesaran (2006) CCE (Common Correlated Errors) estimator. Empirical findings point to a positive relationship between financial deepening indicators - domestic credit to private sector, domestic credit provided by private sector, and liquid liabilities of the financial system ratio – and economic development. With this study, it was shown that the domestic credit to private sector causes economic growth for five countries, domestic credit provided by financial sector causes economic growth for one country, and liquid liabilities of the financial system causes economic growth for four countries.

The Second Start of Transformation in Ukraine?

2014 ◽  
pp. 30-52 ◽  
Author(s):  
L. Grigoryev ◽  
E. Buryak ◽  
A. Golyashev
Keyword(s):  
Economic Growth ◽  
Armed Conflict ◽  
Political Crisis ◽  
Investment Climate ◽  
Institutional Reforms ◽  
Personal Consumption ◽  
Governance Quality ◽  
Political Turmoil

The Ukrainian socio-economic crisis has been developing for years and resulted in the open socio-political turmoil and armed conflict. The Ukrainian population didn’t meet objectives of the post-Soviet transformation, and people were disillusioned for years, losing trust in the state and the Future. The role of workers’ remittances in the Ukrainian economy is underestimated, since the personal consumption and stability depend strongly on them. Social inequality, oligarchic control of key national assets contributed to instability as well as regional disparity, aggravated by identity differences. Economic growth is slow due to a long-term underinvestment, and prospects of improvement are dependent on some difficult institutional reforms, macro stability, open external markets and the elites’ consensus. Recovering after socio-economic and political crisis will need not merely time, but also governance quality improvement, institutions reform, the investment climate revival - that can be attributed as the second transformation in Ukraine.

Russian low carbon development strategy

2020 ◽  
pp. 51-74
Author(s):  
I. A. Bashmakov
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Low Carbon ◽  
Security Risk ◽  
Ghg Emission ◽  
Emission Mitigation ◽  
Russian Economy ◽  
The Russian Federation ◽  
Scenario Projections

The article presents the key results of scenario projections that underpinned the Strategy for long-term low carbon economic development of the Russian Federation to 2050, including analysis of potential Russia’s GHG emission mitigation commitments to 2050 and assessment of relevant costs, benefits, and implications for Russia’s GDP. Low carbon transformation of the Russian economy is presented as a potential driver for economic growth that offers trillions-of-dollars-worth market niches for low carbon products by mid-21st century. Transition to low carbon economic growth is irreversible. Lagging behind in this technological race entails a security risk and technological backwardness hazards.

Is inflation targeting useful for economic growth?

2017 ◽  
pp. 62-74 ◽  
Author(s):  
P. Kartaev
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Test Performance ◽  
Inflation Targeting ◽  
Developing Economies ◽  
Empirical Studies ◽  
Growth Regime ◽  
Potential Channels

The paper presents an overview of studies of the effects of inflation targeting on long-term economic growth. We analyze the potential channels of influence, as well as modern empirical studies that test performance of these channels. We compare the effects of different variants of inflation targeting (strict and mixed). Based on the analysis recommendations on the choice of optimal (in terms of stimulating long-term growth) regime of monetary policy in developed and developing economies are formulated.

Low-Carbon Russia: Prospects after the Crisis

2009 ◽  
pp. 107-120 ◽  
Author(s):  
I. Bashmakov
Keyword(s):  
Economic Growth ◽  
Potential Energy ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Low Carbon ◽  
Modeling Tools ◽  
Gas Emissions ◽  
Scenario Approach

On the eve of the worldwide negotiations of a new climate agreement in December 2009 in Copenhagen it is important to clearly understand what Russia can do to mitigate energy-related greenhouse gas emissions in the medium (until 2020) and in the long term (until 2050). The paper investigates this issue using modeling tools and scenario approach. It concludes that transition to the "Low-Carbon Russia" scenarios must be accomplished in 2020—2030 or sooner, not only to mitigate emissions, but to block potential energy shortages and its costliness which can hinder economic growth.

Central Otago - Built on gold, growing on grass.

2014 ◽  
Vol 76 ◽  
pp. 15-23
Author(s):  
Barrie J. Wills
Keyword(s):  
Economic Growth ◽  
Land Use ◽  
National Economy ◽  
Local Community ◽  
Central Government ◽  
Future Generations ◽  
Economic Potential ◽  
District Council ◽  
Definition Of

A warm welcome to our "World of Difference" to all delegates attending this conference - we hope your stay is enjoyable and that you will leave Central Otago with an enhanced appreciation of the diversity of land use and the resilient and growing economic potential that this region has to offer. Without regional wellbeing the national economy will struggle to grow, something Central Government finally seems to be realising, and the Central Otago District Council Long Term Plan 2012-2022 (LTP) signals the importance of establishing a productive economy for the local community which will aid in the economic growth of the district and seeks to create a thriving economy that will be attractive to business and residents alike. Two key principles that underpin the LTP are sustainability and affordability, with the definition of sustainability being "… development that meets the needs of the present without compromising the ability of future generations to meet their own needs."

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