scholarly journals Methodology for assessing the impact of institute on sustainable economic growth

2021 ◽  
Vol 258 ◽  
pp. 06014
Author(s):  
Evgenia Zakharova ◽  
Elena Zemtsova
Keyword(s):  
Economic Growth ◽  
Institutional Theory ◽  
Climatic Factors ◽  
Empirical Work ◽  
Point Of View ◽  
Global Inequality ◽  
Econometric Methods ◽  
Macroeconomic Indicators ◽  
The Impact

The paper presents an overview of methodological approaches to the study of the influence of institutions on macroeconomic indicators characterizing long-term economic growth, although other indicators that are influenced by institutions can be identified: economic growth rate, GDP per capita, saving rate, and total factor productivity. The article analyzes the research of leading scientists conducted within the framework of the institutional theory that explains global inequality and some of its features. In addition to the institutional theory, two more theories compete to explain the causes of global inequality: geographical theory and the theory of cultural influence. Both of these theories are unpromising from the point of view of practical applicability, since geographical, climatic factors, cultural characteristics are not subject to the influence of economic policy within reasonable time limits. Institutional theory explains the inequality of countries by differences in their formal legal and informal social norms that govern the behavior of individuals and structure social interactions. The growing volume of empirical work of this kind has shown that institutions should be considered in the context of alternative approaches (culture and social capital, human capital), alternative econometric methods and alternative strategies for identifying the influence of institutions on macroeconomic indicators (long-term economic growth).

scholarly journals The impact of some macroeconomic indicators on exchange rate fluctuations in Sudan in the period (1990- 2016): أثر بعض مؤشرات الاقتصاد الكلي على تقلبات أسعار الصرف في السودان في الفترة (1990- 2016)

2020 ◽  
Vol 4 (10) ◽  
Author(s):  
Abdelsamie Eltaeb Tayfor
Keyword(s):  
Exchange Rate ◽  
Time Series Regression ◽  
Econometric Methods ◽  
Exchange Rate Fluctuations ◽  
Data Collection And Analysis ◽  
Macroeconomic Indicators ◽  
Increase Productivity ◽  
The Exchange Rate ◽  
The Impact

The study aimed to identify the determinants and economic variables that affect the exchange rate in Sudan during the period (1990- 2016). The study used the descriptive analytical approach in data collection and analysis as well as the use of econometric methods in the construction of economic models and analysis of time series regression models to verify the existence of a long- term integrative relationship between independent variables and dependent variable. The results of the study showed a positive correlation between GDP, degree of economic openness, inflation and exchange rate during the study years, and an inverse relationship between money supply and exchange rate. The study recommended the need to move away from administrative decisions in determining the exchange rate, while achieving greater flexibility in the exchange rate, and increased interest in bank financing of projects that lead to increase productivity and improve GDP and thus improve the exchange rate by encouraging domestic exports.

scholarly journals Modelling the Impact of Institutional Environment on Key Macroeconomic Indicators

2019 ◽  
Vol 9 (1) ◽  
pp. 6957-6963
Keyword(s):  
Economic Growth ◽  
Institutional Environment ◽  
Institutional Development ◽  
Point Of View ◽  
Institutional Factors ◽  
Macroeconomic Dynamics ◽  
Institutional Variables ◽  
Macroeconomic Indicators ◽  
Main Components ◽  
The Impact

The characteristics of the dynamics of the main macroeconomic indicators are important indicators of the state and prospects of the country's economy as a whole. Interest in the study of macroeconomic dynamics is ensured by the uneven growth rates of the main macroeconomic indicators (GDP, consumption, investment) of different countries, as well as the growing lag of the poorest regions of the world from the leading ones in terms of economic development. Existing studies do not fully explain the differences in the behavior of macroeconomic indicators in countries whose economies are comparable for most of the fundamental factors considered. Recently, institutional factors have been used to explain these differences. The insufficient level of development of institutions limits economic growth; this problem is especially relevant in modern countries. Part of the resources is spent on protecting property rights, on overcoming barriers associated with corruption. To overcome the lag in institutional development, it is necessary to identify the mechanism of the influence of institutional parameters on macroeconomic indicators and assess the feasibility of improving various institutions from the point of view of further economic growth. The proposed approach to forecasting macroeconomic indicators taking into account the main components of the group of institutional variables can be applied directly in the process of building forecasts. It is also worth noting the proposed method of testing the hypothesis of a better forecast, which allows you to get results that are independent of the specification of the model.

scholarly journals INVESTMENTS EFFICIENCY AND ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF NORTH MACEDONIA AND ALBANIA

2019 ◽  
Vol 31 (5) ◽  
pp. 1381-1389
Author(s):  
Jeton Mazllami ◽  
Brikend Aziri
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Point Of View ◽  
Investment Efficiency ◽  
The European Union ◽  
Macroeconomic Indicators ◽  
Prestigious Institution ◽  
Output Ratio ◽  
Ending Process ◽  
The Impact

The Western Balkan countries have undergone quite a difficult and process of transition; although for some of them transition seems to be a never-ending process. In their trip towards the European Union these countries are faced with almost identical economic, social and political problems. Regardless, the fact remains that the first sign of a stable and prospering national economy, is having appropriate macroeconomic indicators. Seen from a macroeconomic point of view, investments are an important part of the income and expenditures model, in which they are considered an injector factor. On a macro-plan, the theory of investments is based on the multiplayer effects. This makes investments an important pillar for each national economy as well as a major factor contributing to economic growth. The World Bank as a prestigious institution, recommend ICOR as one of the most useful tools for determination of the impact of investment on economic growth. This indicator is also useful when it comes to make country comparisons. Therefore, the Incremental Capital-Output Ratio (ICOR) is used in determining the efficiency of investments in Northern Macedonia and Albania. Our preliminary assumption is that investment efficiency in both countries is low. Therefore, the main rationale behind the paper is to determine whether this assumption is correct or not.

scholarly journals Does foreign portfolio investment improve the economic growth of Jordan?

Accounting ◽  
2021 ◽  
Vol 7 (7) ◽  
pp. 1669-1674
Author(s):  
Huthaifa Al-karasneh ◽  
Ashraf Bataineh ◽  
Osama Hayajneh ◽  
Omar Khodirat
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Foreign Portfolio Investment ◽  
Econometric Methods ◽  
Study Results ◽  
Short And Long Term ◽  
The Impact ◽  
Portfolio Investments

This paper aims to examine the impact of short and long-term active Foreign Portfolio Investments (FPI) on Jordan Economic Growth (EG) thru (1996-2017) by employing some econometric methods like ARDL and Error Correction Models to reach the study results. Findings reveal that FPI have a long-term statistical positive impact on EG at level (5%) and also have a short-term negative impact on EG at level (5%), where EG needs about ten years to reach a full adjustment.

scholarly journals Factors of macroeconomic growth in Nigeria: wages demand, taxes, and entrepreneurship development

2020 ◽  
Vol 17 (1) ◽  
pp. 242-252
Author(s):  
Fedir Zhuravka ◽  
Olena Shkarupa ◽  
John O. Aiyedogbon ◽  
Olure-Bank Adeyinka ◽  
Ivan Shkarupa
Keyword(s):  
Economic Growth ◽  
State Budget ◽  
Entrepreneurship Development ◽  
Scientific Debate ◽  
Current State ◽  
Study Results ◽  
Macroeconomic Indicators ◽  
Scientific Project ◽  
The Impact

This paper contributes to clarifying the scientific debate on the impact of entrepreneurship development and wages increases on Nigeria’s macroeconomic development. The main purpose of this research is to estimate the impacts, problems, and consequences between wages growth and the growth of a long-term relationship between wages and investment. The article deals with the current state of Nigeria’s macroeconomic indicators. The methodological tools for the research are the ARDL and DOLS methods, which were used to study the relationships between the macroeconomic indicators. The research period is 1987–2019. The research empirically confirms and theoretically proves that the country operates under unstable and uncertain conditions, so it is difficult to achieve macroeconomic stability. Also, the article presents the results of the analysis, which has shown a positive and statistically significant effect of raising the minimum wages on economic growth both in the long and short term. The study results can be useful for state authorities, private sector, as well as for the researchers. AcknowledgementsThis research was prepared as a part of the Scientific Project “Modeling the Transfer of Eco-Innovations in the Enterprise-Region-State System: Impact on Ukraine’s Economic Growth and Security” (No. 0119U100364), that is financed by the state budget of Ukraine.

scholarly journals El proceso de urbanización y el crecimiento económico en México / The Process of Urbanization and Economic Growth in Mexico

2004 ◽  
Vol 19 (2) ◽  
pp. 289 ◽  
Author(s):  
Luis Miguel Galindo ◽  
Roberto Escalante ◽  
Norman Asuad
Keyword(s):  
Economic Growth ◽  
Rapid Urbanization ◽  
Econometric Methods ◽  
Impact Of Urbanization ◽  
Economic Concentration ◽  
High Level ◽  
The Impact ◽  
Siglo Xx ◽  
Positive Effect

El objetivo de este trabajo es analizar el impacto del proceso de urbanización en el crecimiento económico en México utilizando los métodos econométricos modernos. Los resultados obtenidos indican que existe una relación estable de largo plazo y positiva entre el producto, la inversión y un índice de urbanización. Ello indica que la inversión y el proceso de urbanización han favorecido el ritmo de crecimiento económico de México. En este sentido, el acelerado proceso de urbanización del país durante el siglo XX tuvo efectos positivos sobre el ritmo de crecimiento económico. Debe sin embargo considerarse que las características del proceso de urbanización en México se han traducido en un alto nivel de concentración económica, en particular en la Zona Metropolitana de la Ciudad de México, con costos crecientes para el crecimiento económico de largo plazo. Ello se refleja en un proceso de desconcentración de las megalópolis a zonas conurbadas en la década de los ochenta, que se ha estabilizado relativamente en los últimos años. AbstractThis article seeks to analyze the impact of urbanization on economic growth in Mexico, using modern econometric methods. The results obtained suggest that there is a stable, long-term positive relationship between the product, investment and the urbanization index. This suggests that investment and urbanization have contributed to the rate of economic growth in Mexico. In this respect, the country’s rapid urbanization in the 20th century had a positive effect on the economic growth rate. One should, however, recall that the characteristics of urbanization in Mexico have translated into a high level of economic concentration, particularly in the Mexico City Metropolitan Zone, with growing costs for long-term economic growth. This is reflected in the decentralization of megalopolises to conurbations during the 1980’s which has stabilized somewhat in recent years.

ISSUES OF THE RELATIONSHIP BETWEEN THE STATE BUDGET AND ECONOMIC GROWTH IN UZBEKISTAN

2021 ◽  
Vol 4 (7) ◽  
pp. 4-19
Author(s):  
Akmal Baltayevich Allakuliev ◽  
Keyword(s):  
Economic Growth ◽  
The State ◽  
Rate Of Return ◽  
State Budget ◽  
Macroeconomic Shocks ◽  
Dynamic Correlations ◽  
Short And Long Term ◽  
The Impact ◽  
The Relationship

The article examines the interaction of the country's GDP with the state budget in the short and long term, the impact of the macro-fiscal mechanism on the country's economic growth on the example of Uzbekistan.The aim of the study is to identify dynamic correlations between the country's state budget expenditures and the economic growth of the macro-fiscal mechanism in the short and long term, as well as to analyze the approximation or rate of return of GDP and the state budget to equilibrium during various macroeconomic shocks. and hesitation.The scientific novelties of the research are:

Does Public Debt Service Expenditure Crowd-Out Economic Growth? Empirical Evidence from an African Developing Country

2019 ◽  
Vol 64 (3) ◽  
pp. 23-38
Author(s):  
Talknice Saungweme ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Time Series Data ◽  
Policy Formulation ◽  
Debt Service ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
The Impact

Abstract This paper contributes to the ongoing debate on the impact of public debt service on economic growth; and it provides an evidence-based approach to public policy formulation in Zimbabwe. The empirical analysis was performed by applying the autoregressive distributed lag (ARDL) technique to annual time-series data from 1970 to 2017. The study findings reveal that the impact of public debt service on economic growth in Zimbabwe is negative in the short run but positive in the long run. The results are suggestive of the existence of a crowding-out effect of public debt service in Zimbabwe in the short run and a crowding-in effect in the long run. In view of these findings, the government should consider fiscal and financial policies that promote a constant supply of long-term finance, long-term fixed investments, and extension of a government securities maturity structure so as to ensure sustainable short- and long-term public debt service expenditures. The study further recommends the strengthening of non-distortionary revenue mobilisation reforms to reduce market distortions and boost domestic investment.

scholarly journals WORLD EXPERIENCE: COMMERCIAL BANK CREDIT AND ECONOMIC GROWTH RELATIONSHIP

2020 ◽  
pp. 6-19
Author(s):  
Davit Aslanishvili
Keyword(s):  
Economic Growth ◽  
Large Scale ◽  
Banking Sector ◽  
Point Of View ◽  
Bank Credit ◽  
Main Function ◽  
Economic Point ◽  
Market Factors ◽  
Credit Portfolio ◽  
The Impact

This research focuses on the problem of large scale disproportion of success in the development of the banking sector and mostly unsuccessful development of the real sector of the economy. It should be noted that this disproportion is a subject of consideration in contemporary economic literature and our research is an attempt to broaden the issue and share ideas inside the international scientific circles. The main problem in the research is the impact of the banking sector's credit portfolio and the functioning of credit markets on the economic growth of the country. In this regard, it is very important to identify, study the macroeconomic stabilization and accelerated economic growth of the country and analyse the impact mechanisms of the credit market factors on economic growth. The conclusion that combines many of the research and opinions given in the survey can be as follows: From the economic point of view, the main function of banks is to increase the financing/lending of funds as the core point to increase investments in the economy. Thus, the development of the country in economic terms depends on the increase of investments. At present, it is in the hands of the banking sector whether to lead us to economic immobility or to accelerate the country's economic development through efficient allocation of resources.

scholarly journals Commercialization of conventional and sustainability-oriented innovations: a comparative systematic literature review

2021 ◽  
Vol 19 (1) ◽  
pp. 340-353
Author(s):  
Dinara Kalmakova ◽  
Yuriy Bilan ◽  
Aknur Zhidebekkyzy ◽  
Rimma Sagiyeva
Keyword(s):  
Economic Growth ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Scientific Debate ◽  
Innovation Research ◽  
Comparative Review ◽  
Strategic Factors ◽  
Impact Of Technology ◽  
The Impact

Innovations play an important role in achieving competitiveness and long-term economic growth at all levels of the economic hierarchy. More recently, the role of sustainability-oriented innovation in achieving economic growth has become equally important. However, there is a scientific debate about the possibility of effective commercialization of sustainability-oriented innovations. The existence of such scientific debate, as well as the absence of citation-based systematic literature reviews, became a prerequisite for conducting a comparative literature review of research on the effective commercialization of conventional and sustainability-oriented innovations. The purpose of the study is to conduct a comparative review and analysis of research on the commercialization efficiency of conventional and sustainability-oriented innovations. The analysis was conducted on the basis of a citation-based systematic literature review method. The results show that sustainable innovation research is more focused on the relationship between commercialization and firm performance. In the field of conventional innovations, research trends have shifted from studying the impact of technology transfer office (TTO) size, staffing, compensation practices to how strategic factors affect the efficiency of commercialization. In the area of sustainability-oriented innovation, the issues of the strategic orientation impact cause the most sustained interest, while managerial concerns and the stringency of environmental regulations have been actively explored in the past few years. It was revealed that the commercialization efficiency of sustainability-oriented innovations is characterized by so called sustainability-oriented criteria. A distinctive output criterion for commercialization efficiency of sustainability-oriented innovation is the improvement of the firm’s image. In addition, content analysis identified possible research directions to be investigated.

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