Digital Technologies and Tourism as Drivers of Economic Growth in Europe and Central Asia

2020 ◽  
pp. 341-350
Author(s):  
Conceição Castro ◽  
Fernanda A. Ferreira ◽  
Pedro Nunes
Keyword(s):  
Economic Growth ◽  
Central Asia ◽  
Digital Technologies

scholarly journals DETERMINANTS OF INNOVATIVE ACTIVITIES: EVIDENCE FROM EUROPE AND CENTRAL ASIA REGION

2015 ◽  
Vol 60 (01) ◽  
pp. 1550004 ◽  
Author(s):  
CHI KEUNG MARCO LAU ◽  
FU STEVE YANG ◽  
ZHE ZHANG ◽  
VINCENT K. K. LEUNG
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Central Asia ◽  
Direct Investment ◽  
Estimation Procedure ◽  
Corruption Index ◽  
Country Analysis ◽  
Cross Country ◽  
Shed Light ◽  
Central Asia Region

Recent studies in the innovation literature show that Foreign Direct Investment (FDI) enhances innovations in recipient countries through spill-over effects. In this paper we extend the existing literature by incorporating the corruption index in the estimation procedure. Using a cross-country analysis from the Europe and Central Asia (ECA) region, covering 57 countries over the period of 1995–2010, we find no evidence of FDI spill-over effects on innovations, when corruption is endogenously modelled in the regression. Interestingly, we find that corruption and expenditure on education sector are positively related to the number of patents applications, suggesting anti-corruption programs encourage innovations that promote economic growth. Our study shed light on the national innovations and anti-corruption programs.

scholarly journals DIGITAL TRANSFORMATION OF THE RUSSIAN ECONOMY AND ALIGNMENT OF ECONOMIC INTERESTS

2021 ◽  
Vol 230 (4) ◽  
pp. 410-416
Author(s):  
N.V. RASSKAZOVA ◽  
Keyword(s):  
Economic Growth ◽  
Transaction Costs ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
Production Costs ◽  
Economic Interests ◽  
Digital Platforms ◽  
Russian Economy ◽  
Reproduction Process

The problems of the digital economy development are central, since the introduction of digital technologies in the reproduction process provides for increased efficiency and reduced production costs. This fact encourages the development of digital platforms and mechanisms that allow to accelerate the process of interaction between different actors and reduce the transaction costs of coordinating economic interests at the micro and macro levels, which will eventually lead to economic growth. In this regard, the problem of digitalization of the Russian economy and its branches is relevant.

scholarly journals Digital Economy: Investing in Digital Learning Technologies

2019 ◽  
Vol 9 (1) ◽  
pp. 6570-6576
Keyword(s):  
Economic Growth ◽  
Vocational Training ◽  
Information Technologies ◽  
Digital Technologies ◽  
Digital Economy ◽  
Learning Technologies ◽  
Digital Learning ◽  
Key Factors ◽  
Foreign Experience ◽  
Digital Training

The current economic terms and conditions stimulate investments in digital transformations. Digital technologies act as drivers, including for education and vocational training. The companies that invest in information technologies for education and HR training realize that investments in HR and the development of skills in education and vocational training are recognized as key factors of the economic growth. This article aims at analyzing the peculiarities of investing in digital learning technologies in the context of the digital economy. In the article the relevance of investing in HR has been substantiated, and the foreign experience of stimulating investments in digital learning technologies has been analyzed. Based on the expert survey, the possibilities of HR digital training have been analyzed, and the peculiarities of various forms of digital training have been defined.

Impact of remittances on economic performance in consideration of institutional quality

2020 ◽  
Vol 47 (3) ◽  
pp. 479-507
Author(s):  
Surya Nepal ◽  
Sae Woon Park ◽  
Sunhae Lee
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
South Asia ◽  
Central Asia ◽  
Financial Development ◽  
Economic Performance ◽  
Institutional Quality ◽  
Content Type ◽  
The Impact ◽  
Asian Developing Countries

PurposeThe purpose of this paper is to empirically assess the impact of remittances on the economic performance of the 16 Asian developing countries, taking account of their institutional qualities.Design/methodology/approachA panel of 16 Asian developing countries (Central Asia, South Asia, and ASEAN) over the period of 2002–2016 is employed in the analysis. To assess the impact of remittances on economic performance in consideration of institutional quality, OLS estimates as well as GMM are used.FindingsThe effect of remittances on economic growth is statistically significant. In addition, they also impact economic growth when they interact with institutional or financial development variables. For the long-run growth process of Central Asian, South Asian, and ASEAN countries, a sound and smooth institutional framework appears to be indispensable. Also, it was found that more fragile economies tend to achieve bigger growth than less fragile economies, as this kind of growth is triggered by more remittances flowing into fragile economies. However, the impact of remittances on growth does not depend on the level of ICT. FDI and financial development have positive impact on growth.Research limitations/implicationsThere are limitations to this research as well. Due to the unavailability of data, several countries had to be removed from this study. The cost of sending money might be an important variable for this study. However, the data on this variable from reliable sources are almost impossible to gather. Therefore, this variable is also not included in this research. The savings from remittances when intermediated through formal financial channels will, in fact, produce a positive allocation and distribution of resources that may eventually become an important source of growth. However, one precondition for larger and greater growth is that remittances need to be well and properly utilized by the financial sector. Therefore, quality institutions should be formed first, which can facilitate investment activities and make the flow of remittances more convenient.Originality/valueThis paper exclusively considers the case of Asian developing countries (Central Asia, South Asia, and ASEAN) to assess the impact of remittances on the economic performance of these countries, with special consideration of the interaction effects of remittances and institutional quality in these emerging Asian economies. The previous studies on the effect of remittances on growth do not conform to one concrete conclusion. This study is undertaken in a bid to get the best possible result on the impact of remittances on the growth of the selected countries, majority of which attract substantial chunk of remittances into their economies.

External sources and economic growth-the role of foreign remittances: Evidence from Europe and Central Asia

2016 ◽  
Vol 50 (2) ◽  
pp. 367-387 ◽  
Author(s):  
Muhammad Azam ◽  
Muhammad Shahbaz ◽  
Phouphet Kyophilavong ◽  
Qaisar Abbas
Keyword(s):  
Economic Growth ◽  
Central Asia ◽  
External Sources

The “Imperial Minority”: An Interpretative Framework of the Russians in Kazakhstan in the 1990s

2008 ◽  
Vol 36 (1) ◽  
pp. 105-123 ◽  
Author(s):  
Sébastien Peyrouse
Keyword(s):  
Economic Growth ◽  
Political Parties ◽  
Central Asia ◽  
The Other ◽  
The Political ◽  
Central Asian ◽  
Near Abroad ◽  
Political Scene ◽  
Central Asian Republics ◽  
Interpretative Framework

This paper is devoted to the Russian minorities living in Central Asia (nearly 10 million people in 1989, about 5.5 million today), and more specifically to the Russians living in Kazakhstan, who constitute the main Russian minority in the near abroad, apart from Ukraine. Unlike the Russians living in the other Central Asian republics, Russians in Kazakhstan created political parties. Kazakhstan even experienced some significant secessionist trends in the mid-1990s. Today, the political, social and economic situation of the Russian minority is rather different. Since about 2 million Russians have left the country, those who remain have tried to find their niche within the economic growth that Kazakhstan has experienced since the 2000s. The political parties and associations that represented the interests of the Russian minority have largely disappeared from the political scene. The “Russian question” no longer threatens to destabilize the territorial integrity of the country.

scholarly journals Ensuring Economic Growth through the Development of Digital Technologies in Uzbekistan

2021 ◽  
Vol 1 (1) ◽  
pp. 77-81
Author(s):  
Mirzakarimova Muyassar Muminovna ◽  
Narmanov Ulugbek Abdugapparovich
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
World Wide ◽  
Digital Technologies ◽  
Digital Economy ◽  
Gradual Transition ◽  
Economic Significance ◽  
Global Pandemic ◽  
Socio Economic Development

Development of the digital economy in the period of the global pandemic is one of the issues of strategic importance for Uzbekistan, like other countries, which determines its world-wide competitiveness, and through this, it shows that it is necessary to address the issues of socio-economic development of the country. The gradual transition to a digital economy in Uzbekistan will help solve many economic and promising problems and ensure economic growth. A number of issues and challenges have been addressed in terms of ensuring economic growth through the development of the digital economy and its economic significance.

scholarly journals Revisiting the Nexus between Digital Economy and Economic Prosperity: Evidence from a Comparative Analysis

2021 ◽  
Vol 9 (2) ◽  
pp. 69-90
Author(s):  
Nidhal Mgadmi ◽  
Wajdi Moussa ◽  
Azza Béjaoui ◽  
Tarek Sadraoui ◽  
Afef Guachaoui
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Digital Technologies ◽  
Communication Technologies ◽  
Digital Economy ◽  
Economic Prosperity ◽  
Information And Communication ◽  
Short And Long Term ◽  
New Institutions

In this paper, we try to investigate the contribution of digitalization on economic growth in both developed and developing countries over the period 1990-2020. For this end, different econometric tools are applied on a panel dataset. Overall, we show that the digital technologies seem to significantly and positively affect economic growth in both groups of countries. The digitalization impact level tends to differ across countries. Our empirical results also display that the short- and long-term relationship between information and communication technologies and economic growth is well documented. Such results can be useful for policymakers to enhance the digital economy and provide novel channels to develop adequate policies and promote new institutions. So, benefits from digitalization can lead to realize substantial economic growth.

scholarly journals PROBLEM OF CLASSIFYING DIGITAL ECONOMY

2020 ◽  
Vol 4 (34) ◽  
pp. 40-44
Author(s):  
S.G. Marichev ◽  
Keyword(s):  
Economic Growth ◽  
Economic Activity ◽  
Digital Technologies ◽  
Digital Economy ◽  
Economic Sectors ◽  
Digital Products ◽  
Economic Agents ◽  
Diffusion Of Knowledge ◽  
Accurate Definition ◽  
Science Intensity

The paper performs the results of analysis due to the problem of categorization and classification of digital economy in order to assess its contribution to economic growth. The evolution of approaches to understanding the concept of digital economy is noted – evolution from Internet economy to perception of digital technologies as a factor in any economic activity. We analyzed one of the models categorizing digital economy, based on assessing the need for the use of digital technologies (it includes three categories – the ICT sector, the digital economy itself, the digitalized economy), and also indicated the shortcomings of the concept, in particular, impossibility to reliably determine the critical need of using digital technologies for different types of economic activity, thus they fall into related categories according to the classification. In addition, the paper analyzes the possibility of classifying the digital economy as a knowledge economy for further more accurate definition and categorization of "digital economy" concept. Based on the results of the analysis, key features of digital economy were identified for the further development of updated concept of digital economy and possibility of optimal categorization during further research. These features include science intensity, which is, among other things, cause existing difficulties in categorizing economic sectors and attributing them to the digital sector due to the diffusion of knowledge (and specifically digital technologies as the final result of knowledge accumulation), as well as their extensive penetration into most economic processes. As a result, it is necessary to develop a toolkit that can quantify the value of science intensity (manufacturability) of a particular sector of the economy in order to most accurately categorize and assess the contribution of the digital economy to economic growth. The second key feature of the digital economy is the reduction of transaction costs of interaction between economic agents (based on the concept of horizontal, vertical and diagonal costs by J. Commons) as a result of using digital products.

Sign in / Sign up

Export Citation Format

Share Document