Stock markets, banks and the sources of economic growth in low and high income countries

2011 ◽  
Vol 38 (2) ◽  
pp. 302-320 ◽  
Author(s):  
Felix Rioja ◽  
Neven Valev
Keyword(s):  
Economic Growth ◽  
Stock Markets ◽  
High Income

Growing Russian Economy against Growing External Tension

2012 ◽  
pp. 4-32
Author(s):  
I. Borisova ◽  
B. Zamaraev ◽  
A. Kiyutsevskaya ◽  
A. Nazarova ◽  
E. Sukhanov
Keyword(s):  
Economic Growth ◽  
Stock Markets ◽  
Negative Effects ◽  
Russian Economy ◽  
Investment Demand ◽  
The World

Conditions and features of the Russian economy development in 2011 are considered in the article. Having caused unprecedented outflow of the capital abroad, rising tension and turbulence on the world financial and stock markets have not broken off recovery of the Russian economy. Crisis recession was overcome. Record-breaking low inflation, rapid credit restoration and active government adjustment neutralized negative effects of the external tension and supported economic growth, having encouraged consumer and investment demand.

scholarly journals Capital account opening and economic growth——an empirical test based on systematic GMM

2021 ◽  
Vol 235 ◽  
pp. 01019
Author(s):  
Siming Jia
Keyword(s):  
Economic Growth ◽  
Empirical Test ◽  
Statistical Significance ◽  
High Income ◽  
Capital Account ◽  
Middle Income ◽  
Middle Income Countries ◽  
National Differences ◽  
The Impact ◽  
Low And Middle Income

This paper collected panel data of 74 countries from 1990 to 2017, and based on the Chinn-It index to depict the degree of capital account opening. Under the framework of the neoclassical economic growth model, the impact of capital account opening on economic growth was empirically tested by systematic GMM. The results show that: first, taking the overall capital account openness as the explanatory variable, the coefficient of the capital account openness of the whole sample is significantly positive. Further, considering the national differences found that high income countries capital account openness coefficient is significantly positive, but in low and middle-income countries capital account openness coefficient on economic and statistical significance were not significant, indicating that high income countries made open dividends, while in low and middle-income countries and earnings in the capital account liberalization. Finally, it proposes to open the capital account sub-projects step by step, strengthen prudent supervision in the process of further opening the capital account, and improve the regulatory legal system.

scholarly journals The Impacts of Bilateral Trade and Foreign Direct Investment on Malaysia’s Economic Growth: The Roles of Singapore

2021 ◽  
Vol 21 (1) ◽  
pp. 419-432
Author(s):  
Chee-Yie Wong ◽  
Hui-Shan Lee ◽  
Shyue-Chuan Chong
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Open Economy ◽  
Direct Investment ◽  
Bilateral Trade ◽  
High Income ◽  
Vector Error Correction ◽  
Vector Error ◽  
Sustainable Economic Growth ◽  
Trade And Investment

Open economy is essential for a country to achieve sustainable economic growth. There existsa bilateral tiebetween Malaysia and Singapore since 1965. Thisrelationship has made Singaporeachievedas a high-income nation that enjoys modern infrastructure and technology, skilled labour, and strong financial structure, but Malaysia is still trying to upgrade itself to become a high-income nation via open economy. Furthermore, Malaysia’s reliance on the external market has inevitablyleft the economy to be more exposed to external shock. This research analysesthe impacts of Malaysia’s bilateral trade and investment with Singapore on Malaysia’s economic growth from2008 to 2016. Vector error correction model (VECM) reveals that Malaysia’s exports to Singapore arepositive and significant on Malaysia’s economic growth and Malaysia’s OFDI in Singapore is significant but negative on Malaysia’s economic growth.However, Malaysia’s imports from Singapore and Malaysia’s inward foreign direct investment (IFDI) by Singapore have insignificant impacts on Malaysia’s economic growth. It concludes that only Malaysia’s exports to Singapore can help to increase Malaysia’s economic growth.Thus,Malaysia’sgovernment couldprovide incentives to encourage Malaysian local firms to boost the exportationsto Singapore.

scholarly journals Primal-Dual Approach to Environmental Kuznets Curve Hypothesis: A Demand and Supply Side Analyses of Environmental Degradation.

2021 ◽  
Author(s):  
gildas dohba dinga ◽  
DOBDINGA CLETUS FONCHAMNYO ◽  
ELVIS DZE ACHUO
Keyword(s):  
Economic Growth ◽  
Environmental Degradation ◽  
Environmental Kuznets Curve ◽  
Correlation Effect ◽  
High Income ◽  
Green Economy ◽  
Kuznets Curve ◽  
Ekc Hypothesis ◽  
Primal Dual ◽  
Sustainable Economic Growth

Abstract Global warming and its unavoidable negatives effects on man and the environment have been a key if not the most important issue occupying policy makers in the world at large today. The much talked about green economy nowadays seeks to achieve sustainable economic growth and development without compromising environmental quality. The relationship between environmental degradation and economic growth is largely explained by the environmental Kuznets Curve (EKC) hypothesis. By employing the basic postulation of the baseline EKC framework, this study proposes and tests the existence of a dualistic approach of the EKC hypothesis. Geometry is used to illustrate the proposed dualistic model. Meanwhile, the novel dynamic common correlation effect econometric technique is employed to test the existence of the dualistic EKC within a panel of 109 countries from 1995 to 2016. The outcome from the estimated models shows that, in the global sample, the existence of the dualistic U-shape and N-shape EKC hypothesis is validated. When the sample is split into sub samples based on income levels, the U-shape EKC hypothesis is validated for lower income and high income economies meanwhile, the N-shape dualistic EKC is mostly associated with high income economies.

scholarly journals ANALISIS TIPOLOGI WILAYAH DALAM MENDUKUNG PENGEMBANGAN MINAPOLITAN DI PROVINSI GORONTALO

2015 ◽  
Vol 3 (1) ◽  
pp. 27
Author(s):  
Taslim Arifin ◽  
Syahrial Nur Amri ◽  
Siti Hajar Suryawati
Keyword(s):  
Economic Growth ◽  
Low Income ◽  
Urban Areas ◽  
High Income ◽  
Regional Economic Growth ◽  
Public Facilities ◽  
Per Capita ◽  
Typology Analysis ◽  
Development Center

Pengembangan wilayah dengan pendekatan minapolitan sebagai konsep pembangunan perikanan tidak bisa dilakukan secara parsial. Perikanan harus dibangun secara holisitik yaitu dengan membangun semua yang tersedia di perkotaan ke perdesaan. Penelitian ini bertujuan untuk mengetahui struktur dan pola pertumbuhan ekonomi wilayah dan mengetahui potensi dan daya saing lokasi sebagai prioritas pusat pertumbuhan perikanan di Provinsi Gorontalo. Studi ini menggunakan analisis tipologi Klassen dan Shift-Share (S-S). Wilayah yang memiliki struktur ekonomi relatif baik adalah Kabupaten Pohuwato. Daerah ini memiliki PDRB perkapita di atas nilai provinsi namun pertumbuhan ekonomi masih dibawah provinsi (high income but low growth), atau termasuk kategori daerah maju tapi tertekan. Kabupaten Gorontalo, Boalemo dan Bone Bolango termasuk dalam kategori relatif tertinggal (low growth and low income). Kabupaten Boalemo, Pohuwato dan Bone Bolango memiliki pertumbuhan subsektor perikanan yang hampir sama yaitu 18,6%, 16,2% dan 12,7%. Kabupaten Gorontalo hanya bertumbuh sebesar 7,4%. Hal ini tidak terlepas dari produksi subsektor perikanan Kabupaten Gorontalo yang hanya memiliki share 8% terhadap produksi perikanan. Untuk meningkatkan pertumbuhan ekonomi pada sektor perikanan, perlu memperhatikan hal-hal berikut: (a) menyediakan fasilitas publik, (b) pengembangan sektor perikanan secara terintegrasi, (c) pengembangan industri pengolahan hasil perikanan, (d) Pemda Kabupaten Boalemo dan Pohuwato, perlu melakukan tindakan pro aktif dan konstruktif untuk merangsang tumbuhnya minat penanaman modal disertai dengan peningkatan dan pembenahan kualitas SDM. Title: Regional Typhology Analysis for Developing of Minapolitan in the Gorontalo ProvinceRegional  development  by  using  Minapolitan  approach  is  as  a  fisheries  development  concept cannot be applied partially. Fisheries sector should be holistically developed by developing all of potency of rurals and urban areas. This study aims to: (1) understand the structure and pattern of regional economic growth, (2) find out the potency and competitiveness of the area as a priority for fisheries development center in Gorontalo Province. This study uses Klassen and Shift-Share (S-S) typology analysis. Finding of this study showed that has the better economic structure was Pohuwato Regency. This region has Gross Regional Domestic Bruto (GRDB) per capita above the provincial value. However, economic development is still below the provincial level (high income but low growth). It is categorized as developed region but they still under preasure of economy. Boalemo Regency, Pohuwato Regency and Bone Bolango Regency have almost equal fishery development value, which are 18.6%, 16.2% and 12.7% respectively. Gorontalo Regency is grow only 7.4 %. This is due to fisheries production in Gorontalo Regency is only share 8% of total fisheries production. In order to improve economic growth, is  fisheries  sector  need  to  pay  attention  to  several  important  points:  (a)  provide  public  facilities,  (b) development of an integrated fisheries sector, (c) development of processing industry, (d) Boalemo and Pohuwato regencies, need to tae action of pro-active and constructive to stimulate investor in improving quality of human resources.

scholarly journals Reassessing the Literature on the Relationship Between Financial Structure and Economic Growth

2021 ◽  
Vol 72 (2) ◽  
pp. 149-182
Author(s):  
Guangdong Xu
Keyword(s):  
Economic Growth ◽  
Research Design ◽  
Stock Markets ◽  
Financial Structure ◽  
Fundamental Difference ◽  
Empirical Literature ◽  
Research Focus ◽  
Research Questions ◽  
The Relationship

Abstract This paper surveys the literature, particularly the empirical literature, that examines the association between financial structure and economic growth. The studies are divided into two groups depending on their research focus and research design. Whereas both strands of literature contribute to our understanding of the relationship between financial structure and growth and may also inform each other, the fundamental difference in their research questions means that they should be treated separately rather than together. Despite this difference, the two strands of literature share a common weakness: i.e. they overlook the interactions between banks and stock markets, which may lead to biased estimations.

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