The Impact of Regulation on Economic Growth in Developing Countries: A Cross-Country Analysis

2007 ◽  
Vol 35 (1) ◽  
pp. 87-103 ◽  
Author(s):  
Hossein Jalilian ◽  
Colin Kirkpatrick ◽  
David Parker
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Country Analysis ◽  
Cross Country ◽  
The Impact

scholarly journals Impact of Project and Programme Aid on Economic Growth: A Cross Country Analysis

2018 ◽  
Vol 57 (2) ◽  
pp. 145-174
Author(s):  
Pervez Zamurrad Janjua ◽  
Malik Muhammad ◽  
Muhammad Usman
Keyword(s):  
Economic Growth ◽  
Principal Component ◽  
Economic Policies ◽  
Method Of Moment ◽  
System Equation ◽  
Moment Estimation ◽  
Country Analysis ◽  
Procurement Reform ◽  
Cross Country ◽  
The Impact

This study examines the impact of foreign aid instruments, namely Project Aid and Programme Aid, on economic growth of 27 aid-receiving countries. The study constructs a system of three equations, i.e. growth, investment and human capital. Using the Generalised Method of Moment estimation technique, the study concludes that while Project Aid has a positive and significant impact on economic growth, Programme Aid has an insignificant impact on economic growth. Additionally, the study finds that economic policies do enhance effectiveness of aid at aggregate level. Therefore, the capacity of aid-recipient countries to effectively use their resources for economic development needs due consideration. Keywords: Project Aid, Programme Aid, Economic Growth, Conditionality, Procurement Reform, System Equation Method, Generalised Method of Moment (GMM), Principal Component Analysis

scholarly journals Volatility in Discretionary Public Spending and Economic Growth: A Cross Country Analysis

2020 ◽  
Vol 59 (1) ◽  
pp. 45-68
Author(s):  
Muhsin Ali ◽  
Karim Khan
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Developing Economies ◽  
Public Spending ◽  
Jel Classification ◽  
Developed Economies ◽  
Potential Control ◽  
Country Analysis ◽  
Cross Country ◽  
The Impact

Volatility in discretionary public spending has diverse implications for the overall economic performance of economies. In this study, we examine the impact of volatile non�systematic discretionary public spending on economic growth. By employing cross-country data of 74 developed and developing economies, we find that volatility in non-systematic discretionary public spending has an adverse impact on economic growth. In particular, such impact is severe in the case of less developed economies. Our findings are robust to the problem of endogeneity. In order to ensure the accuracy of the results, we conduct sufficient sensitivity analysis by incorporating a bunch of potential control variables. In most of the cases, the results with regard to the policy volatility remain intact. This suggests that effective spending rules, i.e. permanent numerical limits, should be imposed on budgetary aggregates to restrain governments from the volatile use of discretionary spending. JEL Classification: H3; H5 Keywords: Volatility in Discretionary Public Spending, Economic Growth, Effective Spending Rule

scholarly journals Finance and Trade: A Cross-Country Analysis on the Effect of Finance System on Export

2020 ◽  
Vol 8 (5) ◽  
pp. 5615-5619
Keyword(s):  
Developing Countries ◽  
Export Performance ◽  
Firm Level ◽  
Policy Interventions ◽  
Country Analysis ◽  
High Employment ◽  
International Price ◽  
Cross Country ◽  
Employment Potential ◽  
The Impact

Economy is helping to accumulate funds and supporting them in their efforts. Money constraints as a characteristic of the level of monetary development relate to profit and can even be a major determinant of the export performance of the company. The paper provides the investigation into the effects of the development of the country’s national economy on the company’s export sales with relevance to the money vulnerability of the industry, victimization firm level survey lined cross-country analysis of two developing countries. The study predicted that, in 2015-19, the impact of international price on India and China’s overall market oversees and exports 10 major divisions and estimates the impact of economic and sector-wide employment. It detects the pronounced impact of financial sector expansion by reporting that varied levels of collateralizable assets across industries to boot identifies vulnerable sectors with high employment potential for immediate policy interventions. For countries, the results are distinct from entirely different winning teams

scholarly journals The impact of the development of manufacturing on economic growth: the experience of Uzbekistan

2020 ◽  
Vol 2020 (4) ◽  
pp. 130-147
Author(s):  
Dilafruz Mukhsimova ◽  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Trade Openness ◽  
Processing Industry ◽  
Theoretical Approaches ◽  
Country Analysis ◽  
The Republic ◽  
Sustainable Economic Growth ◽  
The Impact ◽  
Growth Indicators

The article is devoted to the assessment of the impact of the development of manufacturing on economic growth in developing countries, in particular, the Republic of Uzbekistan. Conclusions for Uzbekistan take into account the peculiarities of the implementation of the Program for Localization of the Production of Finished Products, Components and Materials. To perform the estimates, a regression model was constructed to determine the impact of the factors of sustainable economic growth on per capita GDP (in US dollars of 2010), which indicator is used in the model as a dependent variable characterizing sustainable development. Factors of economic growth are substantiated with the use of well-known theoretical approaches and empirical data. The article presents a cross-country analysis of economic growth indicators in developing countries, which allowed to form a sufficient sample of data for estimates. The article evaluates the impact of the diversification factor on economic growth indicators, analyzes the relationship between the indicators of processing industry development and economic growth. The connection between the volatility of economic growth and the development of the processing industry is demonstrated, as well as a comparative analysis of different types of economic diversification in the developing countries selected for this study. Using correlation and regression analysis, the impact on economic growth of such factors as R&D expenditures, human capital, trade openness, the share of manufacturing in GDP, and employment in industry was analyzed in detail. Based on the author's study of the impact of these factors on economic development, the recommendations have been developed for developing countries, including Uzbekistan.

scholarly journals The impact of the development of manufacturing on economic growth: the experience of Uzbekistan

2020 ◽  
Vol 2020 (4) ◽  
pp. 137-155
Author(s):  
Dilafruz Mukhsimova ◽  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Trade Openness ◽  
Processing Industry ◽  
Theoretical Approaches ◽  
Country Analysis ◽  
The Republic ◽  
Sustainable Economic Growth ◽  
The Impact ◽  
Growth Indicators

The article is devoted to the assessment of the impact of the development of manufacturing on economic growth in developing countries, in particular, the Republic of Uzbekistan. Conclusions for Uzbekistan take into account the peculiarities of the implementation of the Program for Localization of the Production of Finished Products, Components and Materials. To perform the estimates, a regression model was constructed to determine the impact of the factors of sustainable economic growth on per capita GDP (in US dollars of 2010), which indicator is used in the model as a dependent variable characterizing sustainable development. Factors of economic growth are substantiated with the use of well-known theoretical approaches and empirical data. The article presents a cross-country analysis of economic growth indicators in developing countries, which allowed to form a sufficient sample of data for estimates. The article evaluates the impact of the diversification factor on economic growth indicators, analyzes the relationship between the indicators of processing industry development and economic growth. The connection between the volatility of economic growth and the development of the processing industry is demonstrated, as well as a comparative analysis of different types of economic diversification in the developing countries selected for this study. Using correlation and regression analysis, the impact on economic growth of such factors as R&D expenditures, human capital, trade openness, the share of manufacturing in GDP, and employment in industry was analyzed in detail. Based on the author's study of the impact of these factors on economic development, the recommendations have been developed for developing countries, including Uzbekistan.

scholarly journals Does insurance hedge macro volatility? Global evidence

2017 ◽  
Vol 14 (2) ◽  
pp. 307-315 ◽  
Author(s):  
Paul Moon Sub Choi ◽  
Won Young Chae ◽  
Joung Hwa Choi ◽  
Young Bin Han
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Insurance Coverage ◽  
Economic Activities ◽  
Aggregate Risks ◽  
Insurance Density ◽  
Country Analysis ◽  
Cross Country ◽  
Global Evidence

Insurance is known in the literature as a contribution to economic growth. In our cross-country analysis, we found out that insurance density also appears to subdue macro volatility. In other words, an overall expansion of insurance coverage in an economy cushions aggregate risks. This empirical inference remains robust to controlling for other covariates known to co-move with economic activities. Given that the contribution of insurance to economic growth is more impactful in developing countries than in industrialized economies, not only this result is appealing to economic intuition, but also extends the claims in the existing researches.

Sign in / Sign up

Export Citation Format

Share Document