scholarly journals Aluminum Consumption and Economic Growth: Evidence from Rich Countries

2012 ◽  
Vol 21 (2) ◽  
pp. 265-278 ◽  
Author(s):  
Vishal Chandr Jaunky
Keyword(s):  
Economic Growth ◽  
Rich Countries ◽  
Aluminum Consumption

Generating Prosperity for Working Families in Affluent Countries

2018 ◽  
Keyword(s):  
Economic Growth ◽  
Real Income ◽  
Living Standards ◽  
Financial Strain ◽  
Inclusive Growth ◽  
Working Families ◽  
The Rich ◽  
Rich Countries ◽  
Analysis Of Performance

This book addresses the central challenge facing rich countries: how to ensure that ordinary working families see their living standards and the prospects for their children improve rather than stagnate over time. It presents the findings from a comprehensive analysis of performance over recent decades across the rich countries of the OECD, in terms of real income growth around and below the middle. It relates this performance to overall economic growth, exploring why these often diverge substantially, and to the different models of capitalism or economic growth embedded in different countries. In-depth comparative and UK-focused analyses also focus on wages and the labour market and on the role of redistribution. Going beyond income, other indicators and aspects of living standards are also incorporated including non-monetary indicators of deprivation and financial strain, wealth and its distribution, and intergenerational mobility. By looking across this broad canvas, the book teases out how ordinary households have fared in recent decades in these critically important respects, and how that should inform the quest for inclusive growth and prosperity.

scholarly journals How Much Did China's WTO Accession Increase Economic Growth in Resource-Rich Countries?

2013 ◽  
Author(s):  
Thomas Barnebeck Andersen ◽  
Mikkel Barslund ◽  
Casper Worm Hansen ◽  
Thomas Harr ◽  
Peter S. Jensen
Keyword(s):  
Economic Growth ◽  
Wto Accession ◽  
Rich Countries

scholarly journals THE EFFECT OF SOVEREIGN DEBT ON ECONOMIC GROWTH: THE CASE OF OIL-RICH COUNTRIES

2020 ◽  
Vol 10 (2) ◽  
pp. 262-267
Author(s):  
Hussein Salameh ◽  
Ahmed Alodadi ◽  
Khaled Alzubi
Keyword(s):  
Economic Growth ◽  
Sovereign Debt ◽  
Rich Countries

scholarly journals Can Human Development Bonds Reduce the Agency Costs of the Resource Curse?

2019 ◽  
Vol 12 (1) ◽  
pp. 191-245
Author(s):  
Luke Sperduto
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Development ◽  
Empirical Research ◽  
Resource Curse ◽  
Sovereign Bond ◽  
Weak Institutions ◽  
Potential Benefits ◽  
Rich Countries ◽  
Significant Support

Abstract Especially in resource rich countries with weak institutions of governance, the interests of governments often diverge from those of their citizens and creditors. Sovereign bond contracts can potentially help align these interests, to the benefit of all parties, by indexing payment obligations to improvements in the health and education of the issuer’s citizenry. To that end, this Article proposes a Human Development Bond (HDB) with a variable coupon schedule that both insures issuers against recessions and incentivizes them to encourage investment in human capital when economic growth is strong. The potential benefits of such an instrument can only be realized, however, with significant support from the international community. Moreover, further empirical research is needed to calibrate the HDB’s coupon schedule to provide well-timed and appropriately sized debt relief.

Does Aid Spur Economic Growth?

2016 ◽  
Vol 1 (1) ◽  
pp. 47
Author(s):  
Musa Talba JIBIR ◽  
Salamatu Idris ISAH ◽  
Bello A. IBRAHIM
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Basic Education ◽  
Health Care Facilities ◽  
Social Program ◽  
Economic Management ◽  
Poor Countries ◽  
Private And Public ◽  
Rich Countries ◽  
The Impact

<p>Development Assistance is based on the idea that Rich Countries can and should help Poor countries to find the path to sustainable economic growth and poverty reduction—especially those that lack sources of capital. The paper began by reviewing the various sources and composition of net capital flows to developing countries and examined the respective roles of private and public flows in social program it further discussed the arguments and evidence on both sides of the question of whether aid is effective in promoting economic growth. The evidence of a direct effect on growth is inconclusive. Does this mean that aid should be cut back? Not necessarily. The impact of Aid should be evaluated not only in relation to its direct effects, but also in terms of its role in improving governance and economic management, and its contribution to social amenities such as basic education, health care facilities and access, water and infant mortality.</p>

scholarly journals How much did China's WTO accession increase economic growth in resource-rich countries?

2014 ◽  
Vol 30 ◽  
pp. 16-26 ◽  
Author(s):  
Thomas Barnebeck Andersen ◽  
Mikkel Barslund ◽  
Casper Worm Hansen ◽  
Thomas Harr ◽  
Peter Sandholt Jensen
Keyword(s):  
Economic Growth ◽  
Wto Accession ◽  
Rich Countries

scholarly journals The Indirect Effect of Democracy on Economic Growth in the MENA Region (1990–2015)

2018 ◽  
Author(s):  
Shereen Nosier ◽  
Aya El-Karamani
Keyword(s):  
Economic Growth ◽  
Indirect Effect ◽  
Capital Accumulation ◽  
Trade Openness ◽  
Physical Capital ◽  
Mena Region ◽  
Poor Countries ◽  
Mena Countries ◽  
The One ◽  
Rich Countries

This paper examines the indirect effect of democracy on economic growth using a dataset of 17 MENA countries from 1990 to 2015. Democracy is assumed to affect growth through a series of channels: education, health, physical capital accumulation per labor, government consumption, and trade openness. A system of six simultaneous equations, 3SLS, is used to estimate the effect of democracy on growth through these channels. For further analysis, the countries are classified into groups according to the democratic status on the one side, and the level of income on the other. The results indicate that democracy enhances growth through its positive effect on health in all classifications of countries within the MENA region. However, the effect of democracy on growth through education and physical capital/labor is non-monotonic. Democracy always hinders growth through government size and trade openness. Once all of these indirect effects are accounted for, the overall effect of democracy on growth is negative in less democratic countries and poor countries, but positive in more democratic countries and rich countries.

scholarly journals RESOURCE CURSE AND THE EITI MEMBERSHIP EFFECT ON THE ECONOMIC GROWTH AND CORRUPTION IN SUB-SAHARAN AFRICA: PART I - A THEORETICAL REVIEW

2020 ◽  
Vol 5 (1) ◽  
pp. 18-28
Author(s):  
Andries Francois Geldenhuys ◽  
Oluseye Samuel Ajuwon ◽  
Michael Graham
Keyword(s):  
Economic Growth ◽  
Value Chain ◽  
Resource Curse ◽  
Sub Saharan Africa ◽  
Resource Governance ◽  
Growth Outcomes ◽  
Sub Saharan ◽  
Rich Countries ◽  
Resource Sector ◽  
The Impact

This study reviews the theoretical literature concerning the resource curse as it pertains to the impact of natural resources upon economic growth and corruption in sub-Saharan Africa (SSA), and how the Extractive Industries Transparency Initiative (EITI) membership can be of help. The EITI is an international standard promoting open and transparent resource governance through disclosure mechanisms in the resource value chain. Corruption has been associated with less-than-average economic growth in resource-rich countries. This research concludes that the theoretical review found that through the dissemination of disclosures in the natural resource sector, the EITI can potentially reduce the prevalence of corruption in implementing countries in SSA and it can address negative economic growth outcomes associated with resource abundance. However, there is not much evidence empirically needed to suggest this.

Resource–Economic Growth Nexus, Role of Governance, Financial Development, Globalisation and War: Dynamic Approach

2019 ◽  
Author(s):  
Sorush Niknamian
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Financial Development ◽  
Time Series Data ◽  
Good Governance ◽  
Series Data ◽  
Negative Effect ◽  
The Government ◽  
Rich Countries

This study reassesses the resource&ndash;economic growth nexus by incorporating several channels. Advanced panel time series techniques are used to analyse panel time series data from 1980 to 2015 in 31 oil-rich countries. Results show that oil rent augments economic growth; thus, oil rent is conducive rather than impediment for economic growth. The role of governance in economic growth is significant in the selected countries. Oil rent exerts a positive significant impact on economic growth in countries with good governance compare to countries with poor governance. Financial development is an unimportant channel in the resource&ndash;growth nexus because FD is often unable to mobilise oil rent from the government to the private sector in oil-rich countries. Globalisation is advantageous for countries and promote economic growth. Moreover, war exerts a significant negative effect on growth in the long term.

scholarly journals The structuralist revenge: economic complexity as an important dimension to evaluate growth and development

2018 ◽  
Vol 38 (2) ◽  
pp. 219-236 ◽  
Author(s):  
PAULO GALA ◽  
IGOR ROCHA ◽  
GUILHERME MAGACHO
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Developed Countries ◽  
Econometric Analysis ◽  
Income Gap ◽  
Economic Complexity ◽  
Convergence And Divergence ◽  
Using Data ◽  
Rich Countries

ABSTRACT This paper brings elements from the economic complexity literature to the discussions of the structuralist tradition on the central role of manufacturing and productive sophistication to economic growth. Using data provided by the Atlas of Economic Complexity this study sought to verify if countries’ complexity is important to explain convergence and divergence among poor and rich countries and, if so, which are the countries that will be able to reduce the income gap compared to developed countries. The econometric analysis revealed that exports and production complexity is significant to explain convergence and divergence among countries.

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