The impact of natural resources and gross capital formation on economic growth in the context of globalization: evidence from developing countries on the continent of Europe, Asia, Africa, and America

2021 ◽  
Author(s):  
Alper Aslan ◽  
Buket Altinoz
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Natural Resources ◽  
Capital Formation ◽  
The Impact

scholarly journals The Impact of Global Innovation on Economic Growth in Developing Countries

2020 ◽  
Vol 9 (2) ◽  
pp. 373
Author(s):  
Saleh Abdul Mola Al-Zaroog ◽  
Amer Abdul Fatah Baqir
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Labor Force ◽  
Trade Openness ◽  
Optimal Investment ◽  
Capital Formation ◽  
Global Innovation ◽  
Fixed Capital Formation ◽  
Innovation Output ◽  
The Impact

The study aimed at identifying the effect of innovation on economic growth in developing countries, relying on it determinants, namely fixed capital formation, labor force, trade openness and the global innovation index (GII). The study relied on panel data for 32 developing countries covering the period (2011-2018). The FMOLS methodology was adopted to estimate the relationships between the above Mentionedvariables. The study disclosed a positive and statistically significant relationship between economic growth and each offixed capital formation, labor force and the global innovation index (GII). However, trade openness was statistically insignificant. The reached several conclusion regarding the efficiency of innovation to enhance growth such as, creating a suitable environment for institutions to work in, enhancing the effectiveness of education, increasing expenditure on scientific research, optimal investment in human capital, freeing markets, encouraging the increase in the size of business and innovation output also . The study recommended that developing countries should focus intensely on translating innovation policies into national strategies, which can have a positive effect on economic growth.

scholarly journals Renewable Energy Development as a Driver of Economic Growth: Evidence from Multivariate Panel Data Analysis

2019 ◽  
Vol 11 (8) ◽  
pp. 2418 ◽  
Author(s):  
Nadia Singh ◽  
Richard Nyuur ◽  
Ben Richmond
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Renewable Energy ◽  
Energy Production ◽  
Developing Economies ◽  
Panel Data Analysis ◽  
Least Square ◽  
Renewable Energy Production ◽  
The Future ◽  
The Impact

Renewable energy is being increasingly touted as the “fuel of the future,” which will help to reconcile the prerogatives of high economic growth and an economically friendly development trajectory. This paper seeks to examine relationships between renewable energy production and economic growth and the differential impact on both developed and developing economies. We employed the Fully Modified Ordinary Least Square (FMOLS) regression model to a sample of 20 developed and developing countries for the period 1995–2016. Our key empirical findings reveal that renewable energy production is associated with a positive and statistically significant impact on economic growth in both developed and developing countries for the period 1995–2016. Our results also show that the impact of renewable energy production on economic growth is higher in developing economies, as compared to developed economies. In developed countries, an increase in renewable energy production leads to a 0.07 per cent rise in output, compared to only 0.05 per cent rise in output for developing countries. These findings have important implications for policymakers and reveal that renewable energy production can offer an environmentally sustainable means of economic growth in the future.

scholarly journals The Road to Sustainable Development: Existing Problems and Solutions

2021 ◽  
Vol 7 (09) ◽  
pp. 91-95
Author(s):  
Kaustubh Jain
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Biodiversity Loss ◽  
Indigenous Communities ◽  
The Road ◽  
Existing Problems ◽  
Problems And Solutions ◽  
Long Time ◽  
The Impact

The debate about developing countries having to choose between economic growth and biodiversity protection has been going on for a long time. This paper sought to add to existing literature written on that topic by exploring the relationship between economic growth and biodiversity loss. It argued that in the long term, developing countries need to protect biodiversity as a prerequisite for economic growth to occur and that the severe impact of biodiversity loss on vulnerable indigenous communities is a reason enough to make the protection of biodiversity a priority. The researcher first identified the primary reasons for why biodiversity occurs, then advocated for the prevention of biodiversity by exploring two impacts of biodiversity loss: the impact on indigenous communities and the impact on economic growth. The paper then briefly also explained the policies that both governments, as well as nongovernment actors, can implement in order to tackle biodiversity loss and protect our environment.

Contingent Democrats: Industrialists, Labor, and Democratization in Late-Developing Countries

2000 ◽  
Vol 52 (2) ◽  
pp. 175-205 ◽  
Author(s):  
Eva Bellin
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
Political Economy ◽  
Developing Countries ◽  
Economic Integration ◽  
State Dependence ◽  
Late Development ◽  
Welfare Policies ◽  
Support For Democracy ◽  
The Impact

Many classic works of political economy have identified capital and labor as the champions of democratization during the first wave of transition. By contrast, this article argues for the contingent nature of capital and labor's support for democracy, especially in the context of late development. The article offers a theory of democratic contingency, proposing that a few variables, namely, state dependence, aristocratic privilege, and social fear account for much of the variation found in class support for democratization both across and within cases. Conditions associated with late development make capital and labor especially prone to diffidence about democratization. But such diffidence is subject to change, especially under the impact of international economic integration, poverty-reducing social welfare policies, and economic growth that is widely shared. Case material from Korea, Indonesia, Mexico, Zambia, Brazil, Tunisia and other countries is offered as evidence.

The Impact of Reinsurance

2021 ◽  
Author(s):  
Niels Viggo Haueter
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Insurance Industry ◽  
Natural Catastrophes ◽  
Security Interest ◽  
Environmental Deterioration ◽  
Stabilizing Effect ◽  
The 1960S ◽  
The Impact

Reinsurance is perceived to have a stabilizing effect on the direct insurance industry and thereby on the economy overall. Yet, research into how exactly reinsurance impacts various areas is scarce. Traditionally, studying the impact of reinsurance used to be in the domain of actuaries; since the 1960s, they have tried to assess how different contract elements can provide what came to be called “optimal reinsurance.” In the 2010s, such research was intensified in developing countries with the aim to deploy reinsurance to support economic growth and security. Interest in reinsurance increased when the industry became more visible in the 1990s as the impact of natural catastrophes started being linked to a changing climate. Reinsurers emerged as spokespeople for climate-related issues, and the industry took a lead role in arguing in favor of implementing measures to reduce environmental deterioration. Reinsurers, it was argued, have a vested interest in managing the impact of natural catastrophes. This triggered discussions about the role of reinsurance overall and about how to assess its impact. In the wake of the financial crisis of 2007 and 2008, interest in reinsurance again surged, this time due to perceived systemic impacts.

Informational Competencies Entrepreneurship and Integral Values in Higher Education

2018 ◽  
pp. 541-562
Author(s):  
José Manuel Saiz-Alvarez ◽  
Edgar Muñiz-Ávila ◽  
Delia Lizette Huezo-Ponce
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Distance Education ◽  
Developing Countries ◽  
Emotional Intelligence ◽  
Online Education ◽  
Educational Processes ◽  
Postgraduate Studies ◽  
Business Behavior ◽  
The Impact

Universities play a key role in modern societies inserted into a globalized economic world. This chapter studies how informational competencies, entrepreneurship, and integral values in higher education are necessary to foster economic growth and fight corruption. The authors especially are focused on distance education as it can be a tool to fight poverty by diminishing high illiteracy rates, mainly existing in developing countries. The purpose of the chapter is two-fold: 1) to study the impact of informational competencies in both education and entrepreneurship, and 2) to emphasize the importance of acquiring integral values by learners to be applied into educational processes based on emotional intelligence. As a result, students will be defined as prospective entrepreneurs endowed with the ability to recognize, internalize and understand emotions to be adjusted into relations and business behavior to impulse their goals. And in this sense, online education has an important role to play, especially in postgraduate studies, as in the case of MOOCs that are also analyzed.

The Impact of Intellectual Property Reforms on ASEAN Member Countries

2017 ◽  
pp. 121-131
Author(s):  
Michael D'Rosario
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Intellectual Property ◽  
Intellectual Property Rights ◽  
Economic Benefit ◽  
Foreign Firms ◽  
Foreign Nationals ◽  
Asean Member ◽  
Property Reform ◽  
The Impact

A number of studies have been conducted with regard to the economic impact of intellectual property reform on economic growth. Majority of these studies, particularly works of an empirical nature, have focused on highly industrialized economies, with the findings supporting the conclusion that intellectual property rights (IPRs) have been economically beneficial to industrialized economies. Little research has been conducted on the economic benefit of IPR within developing countries. The current study considers the impact of IPR within ASEAN member countries to determine whether reform activities have been beneficial to IPR activity. The findings are mixed, suggesting that for some categories of IPR, reform activities have been beneficial while in other instances, regulatory reforms have not had a discernable impact. Additionally, the findings also indicate that intellectual property reform, where effective has been most effective in generating additional intellectual property activity, as measured by intellectual property applications, amongst non-residents, rather than amongst domestic registrants. This finding supports the conclusion that reform activities have engendered confidence amongst foreign firms and foreign nationals.

Informational Competencies Entrepreneurship and Integral Values in Higher Education

2017 ◽  
pp. 79-100 ◽  
Author(s):  
José Manuel Saiz-Alvarez ◽  
Edgar Muñiz-Ávila ◽  
Delia Lizette Huezo-Ponce
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Distance Education ◽  
Developing Countries ◽  
Emotional Intelligence ◽  
Online Education ◽  
Educational Processes ◽  
Postgraduate Studies ◽  
Business Behavior ◽  
The Impact

Universities play a key role in modern societies inserted into a globalized economic world. This chapter studies how informational competencies, entrepreneurship, and integral values in higher education are necessary to foster economic growth and fight corruption. The authors especially are focused on distance education as it can be a tool to fight poverty by diminishing high illiteracy rates, mainly existing in developing countries. The purpose of the chapter is two-fold: 1) to study the impact of informational competencies in both education and entrepreneurship, and 2) to emphasize the importance of acquiring integral values by learners to be applied into educational processes based on emotional intelligence. As a result, students will be defined as prospective entrepreneurs endowed with the ability to recognize, internalize and understand emotions to be adjusted into relations and business behavior to impulse their goals. And in this sense, online education has an important role to play, especially in postgraduate studies, as in the case of MOOCs that are also analyzed.

scholarly journals The Relationship Between Government Expenditures on Education and Economic Growth: The Case of Azerbaijan

2020 ◽  
Vol 11 (1) ◽  
pp. 195
Author(s):  
Shahriyar Mukhtarov ◽  
Ilkin Mammadov ◽  
Sugra Humbatova
Keyword(s):  
Economic Growth ◽  
Total Population ◽  
Capital Formation ◽  
Government Expenditures ◽  
Educational Investment ◽  
Concerted Effort ◽  
Policy Makers ◽  
Long Run ◽  
The Impact ◽  
The Relationship

This paper investigates the impact of government’s education expenditures, gross capital formation and total population on economic growth in Azerbaijan during 1995-2018 using the different cointegration methods, namely, ARDLBT, DOLS, and CCR. The results from cointegration methods approve presence of long-run relationship among the variables. The estimation results show that government’s expenditures on education, gross capital formation and total population have a positive and statistically significant impact on economic growth in the long-run. The paper concludes that a concerted effort should be made by policy makers to increase educational investment in order to escelate economic growth.

Sign in / Sign up

Export Citation Format

Share Document