scholarly journals Research on the economic development impact of earthquake disaster in China

2022 ◽  
Vol 355 ◽  
pp. 02043
Author(s):  
Guoqu Deng ◽  
Jianbin Si ◽  
Li Li ◽  
Hu Chen
Keyword(s):  
Economic Development ◽  
Financial Development ◽  
Negative Impact ◽  
Positive Impact ◽  
Trade Openness ◽  
Fixed Effect Model ◽  
Education Level ◽  
Service Industries ◽  
Earthquake Disaster ◽  
The Impact

As one of the areas with frequent earthquake disasters, China’s social stability and sustained and healthy economic development have been profoundly affected for a long time. Based on the two-way fixed effect model and a series of deterministic indicators of economic development, including education level, economic development, financial development, fixed asset investment and permanent population, this paper designs a standard regression equation for estimating growth and uses time series panel data to analyze the impact of earthquake disasters on China’s economic development. The research results show that the earthquake disaster has an insignificant positive impact on China’s GDP. From the point of view of control variables, education level and financial development level have a positive effect on economic development as a whole, but there are certain differences in the degree of influence. The degree of trade openness has a significant impact on GDP, industry and service industries. Moreover, it has a negative impact on agricultural development.

The nexus between financial development and energy consumption: Estimating the role of foreign direct investment, economic growth and urbanization

2021 ◽  
pp. 0958305X2110453
Author(s):  
Jaleel Ahmed ◽  
Shuja ur Rehman ◽  
Zaid Zuhaira ◽  
Shoaib Nisar
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Financial Development ◽  
Latin American ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Supply And Demand ◽  
The Impact

This study examines the impact of financial development on energy consumption for a wide array of countries. The estimators used for financial development are foreign direct investment, economic growth and urbanization. The study employed a panel data regression on 136 countries with time frame of years 1990 to 2019. The model in this study deploys system GMM technique to estimate the model. The results show that financial development has a significant negative impact on energy consumption overall. Foreign direct investment and urbanization has significant impact on energy consumption. Also, economic growth positive impact on energy consumption its mean that economic growth promotes energy consumption. When dividing further the sample into different groups of regions such as Asian, European, African, North/Latin American and Caribbean countries then mixed results related to the nexus between financial development and energy consumption with respect to economic growth, urbanization and foreign direct investment. The policymakers in these different groups of countries must balance the relationship between energy supply and demand to achieving the sustainable economic development.

THE IMPACT OF FISCAL DECENTRALIZATION ON TAX EFFORT OF CHINA'S LOCAL GOVERNMENTS AFTER THE TAX SHARING SYSTEM

2012 ◽  
Vol 57 (01) ◽  
pp. 1250005 ◽  
Author(s):  
JR-TSUNG HUANG ◽  
KUANG-TA LO ◽  
PO-WEN SHE
Keyword(s):  
Local Governments ◽  
Fiscal Decentralization ◽  
Positive Impact ◽  
Trade Openness ◽  
Fixed Effect Model ◽  
Positive Influence ◽  
Tax Effort ◽  
Effect Model ◽  
Tax Sharing ◽  
The Impact

The purpose of this study is to investigate whether and to what extent fiscal decentralization affects tax effort of local governments in China after the Tax Sharing System (TSS). This research provides different indexes of tax effort and fiscal decentralization in analysis. By using the panel data of 31 regions in China during the period of 1996–2006 and the two-way fixed-effect model, the empirical results show that fiscal decentralization has a significantly positive impact on tax effort of local governments. In addition, this positive influence of fiscal decentralization on tax effort increases over time. Finally, trade openness and industrialization level also will enhance the local government's tax effort.

The Impact of Financial Inclusion on Poverty Reduction

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Huong Thi Thanh Tran ◽  
Ha Thi Thu Le
Keyword(s):  
Poverty Reduction ◽  
Negative Impact ◽  
Positive Impact ◽  
Trade Openness ◽  
Principal Component ◽  
Financial Inclusion ◽  
Factors Affecting ◽  
Global Issue ◽  
Negative Effect ◽  
The Impact

Abstract Poverty is a global issue and a lot of attention and efforts of the international community have been made to deal with this problem. Especially in the context of the COVID-19 pandemic, when a part of the population could fall into poverty due to rising unemployment and income deduction, identifying the factors affecting poverty becomes particularly important. Financial inclusion has been recognized as one important factor affecting poverty reduction. This research is conducted to investigate the impact of financial inclusion and other control variables on poverty reduction. The study employs Principal Component Analysis (PCA) to build a financial inclusion index. Using 2SLS and the GMM regressions for a panel data of 29 European countries during the period from 2011 to 2017, the results show that financial inclusion has a negative impact on poverty at all three poverty lines of USD1.9, 3.2, and 5.5 per day. The proportion of the population aged 15–64 and the ratio of service employment to the total number of employment also have a negative effect on all three levels of POV1.9, POV3.2, and POV5.5. In contrast, GDP per capita, trade openness and the proportion of the population aged from 25 with at least secondary school education have a positive impact on poverty at three levels of poverty. The results confirm that financial inclusion plays an important role in reducing poverty. The study provides a number of recommendations to governments to promote financial inclusion and reduce poverty in the countries.

scholarly journals An empirical impact analysis of Agribusiness Development Project of Bangladesh

2017 ◽  
Vol 15 (1) ◽  
pp. 62-72
Author(s):  
PK Sarma ◽  
SK Raha
Keyword(s):  
Economic Development ◽  
Urban Areas ◽  
Impact Analysis ◽  
Agricultural Land ◽  
Negative Impact ◽  
Positive Impact ◽  
Poor People ◽  
Full Time ◽  
Project Objectives ◽  
The Impact

The aim of the study was to identify the extent of the project objectives are implemented and the impact of the project. The sample size was determinate by using cluster sampling techniques with considering the design effect which was covered 1281 sample from ASA 518, BRAC 347and TMSS 415. Data was collected by pre-determine interview schedule, FGD, KII and observation methods in the year 2016. The collected data were analyzed by descriptive statistics and econometric model using the SPSS software. The result revealed that the project beneficiaries homestead, garden ponds and land on the amount of positive and negative impact on the amount of agricultural land and created employment of 2320 person in the beneficiary entrepreneurs 2104 people full-time and part-time jobs have been created. According to both the groups jobs have been created due to project activities in project area. The project has created 33432 agribusiness entrepreneurs and about three times a job was generated by them and 90524 person’s employment in rural and semi-urban areas. It help to increase monthly income on an average 30.07% which contribute to socio-economic development of the area and economy through providing support to rural poor people and creation rural entrepreneurs. The credit diversion of producers, processors, marketers and input suppliers of beneficiary group was less by 8.09%, 29.01%, 20.37% and 17.80%, respectively. This study has been undertaken as an examining to assess the role and significance of agribusiness in Bangladesh along with the present situation and future prospective. Agribusiness plays a vital role to the increased income realized by the farmers. The study recommended that the agribusiness has positive impact on income of the farmers, increased commercialization and economic development in Bangladesh.J. Bangladesh Agril. Univ. 15(1): 62-72, January 2017

scholarly journals International Remittances and Economic Growth in Ghana: Does the Measure Of Financial Development Matter?

2020 ◽  
Vol 2 (1) ◽  
pp. 46-59 ◽  
Author(s):  
Samuel Antwi ◽  
Eugene Oware Koranteng ◽  
Eugene Oware Koranteng
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Series Data ◽  
Aggregate Output ◽  
Real Gdp ◽  
International Remittances ◽  
The Impact

Empirical results of the effect of international remittances on economic growth of individual countries and groups of countries have yielded mixed results. This study is intended to add to the debate on the impact of international remittances on the aggregate output of individual countries, Ghana in this case. An earlier panel data study found a negative impact of remittance on real GDP and prompted further research on the topic for individual countries and groups of countries. The papers which followed and were able to correct for endogeneity in the models, found a mild positive impact of private unrequited remittances on economic growth. The impact of remittances on economic growth of a particular country depends on the proportion of remittances invested and consumed, the level of financial development and the quality of institutions in the country. This study used time series data from 1990 to 2014 on Ghana and found a positive impact of remittances on the growth rate of real GDP. Engel and Granger Cointegration test and Error Correction Models were used. Remittances were found to be pro-cyclical. Granger causality tests which corrects for the errors of cointegrated variables found causality running from financial development to remittances and from remittances to real GDP. Remittances have been found in other studies to benefit the Ghanaian economy by reducing poverty and sustaining the current account. This study shows a positive impact of remittances on aggregate output. Thus requiring policies to increase the flows and encourage their investment. Keywords: International Remittances, Economic Growth, Ghana, Financial Development.

scholarly journals IMPACT OF MACROECONOMIC FACTORS ON FOREIGN DIRECT INVESTMENT IN SELECTED SOUTHEASTERN EUROPEAN COUNTRIES

TEME ◽  
2019 ◽  
pp. 1237 ◽  
Author(s):  
Jelena Andrašić ◽  
Vera Mirović ◽  
Branimir Kalaš
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Fixed Effect Model ◽  
European Countries ◽  
Market Size ◽  
Macroeconomic Factors ◽  
Effect Model ◽  
The Impact

Foreign direct investment has a significant role in Southeastern European countries. The aim of the paper is reflected in assessing the character and nature of the relationship between macroeconomic factors and foreign direct investment in Southeastern European countries. Further, the subject of paper includes the examination of the impact of selected macroeconomic variables on foreign direct investment in six countries for the period from 2000 to 2012. The selected countries are Albania, Bosnia and Herzegovina, Bulgaria, Macedonia, Romania and Serbia. The research includes an examination impact of market size, national competitiveness and employment on foreign direct investment. By using the Hausman test, it was confirmed that the fixed effect model is an appropriate model in panel analysis. Based on the result, it determined the positive impact of market size, while the industry's share of GDP and employment have a negative impact on this variable. Also, the results confirmed that only the market size of the countries significantly affected on the flow of foreign direct investment in Southeastern European countries.

scholarly journals The Impact of Bank-Based and Market-Based Financial Development on Economic Growth: Time-Series Evidence From the United Kingdom

2016 ◽  
Vol 16 (2) ◽  
pp. 389-410
Author(s):  
S. Nyasha ◽  
N. M. Odhiambo
Keyword(s):  
Economic Growth ◽  
United Kingdom ◽  
Financial Development ◽  
Negative Impact ◽  
Positive Impact ◽  
Growth Time ◽  
Bounds Testing ◽  
Distributed Lag ◽  
The United Kingdom ◽  
The Impact

This paper examines the dynamic impact of both bank-based and market-based financial development on economic growth in the United Kingdom (UK) during the period 1980–2012, using the autoregressive distributed lag bounds testing approach. Given the complexity of the financial structure in the United Kingdom, various financial development indicators have been used to construct bank-based and market-based financial development indices. The empirical results of this study show that while market-based financial development has a positive impact on economic growth in the United Kingdom, bank-based financial development has a distinct negative impact. These results apply irrespective of whether the regression analysis is conducted in the long run or in the short run.

scholarly journals Modelling Energy Consumption, Carbon Dioxide Emissions and Economic Growth Nexus in Ethiopia: Evidence from Cointegration and Causality Analysis

2018 ◽  
Vol 6 (6) ◽  
pp. 699 ◽  
Author(s):  
Shemelis Kebede Hundie
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Financial Development ◽  
Environmental Sustainability ◽  
Carbon Dioxide Emissions ◽  
Positive Impact ◽  
Trade Openness ◽  
Causality Analysis ◽  
The Impact

Policy makers need to know the relationship among energy use, economic growth and environmental quality in order to formulate rigorous policy for economic growth and environmental sustainability. This study analyzes the nexus among energy consumption, affluence, financial development, trade openness, urbanization, population and CO2 emissions in Ethiopia using data from 1970–2014. The ARDL cointegration results show that cointegration exists among the variables. Energy consumption, population, trade openness and economic growth have positive impact on CO2 in the long-run while economic growth squared reduces CO2 emissions which confirms that the EKC hypothesis holds in Ethiopia. In the short-run urbanization and energy consumption intensify environmental degradation. Toda-Yamamoto granger causality results indicate the bi-directional causality between energy consumption and CO2 emissions, CO2 emissions and urbanization. Financial development, population and urbanization cause economic growth while economic growth causes CO2 emissions. Causality runs from energy consumption to financial development, urbanization and population which in turn cause economic growth. From the result, CO2 emissions extenuation policy in Ethiopia should focus on environmentally friendly growth, enhancing consumption of cleaner energy, incorporating the impact of population, urbanization, trade and financial development.

scholarly journals Cultural Heterogeneity and Economic Development in Russia

2020 ◽  
pp. 453-463
Author(s):  
Anna N. Bufetova ◽  
Alina A. Khrzhanovskaya ◽  
Evgeniya A. Kolomak
Keyword(s):  
Economic Development ◽  
Negative Impact ◽  
Positive Impact ◽  
Sources Of Information ◽  
Regional Productivity ◽  
The Public ◽  
Cultural Heterogeneity ◽  
Controlling Variables ◽  
Regional Product ◽  
The Impact

The paper studies change in the national and religious structure of the population and assesses the impact of cultural heterogeneity on the economic development of Russian regions. Sources of information on the national structure of the population are 2002 and 2010 censuses. The analysis of heterogeneity in the religious structure is carried out for 2012 and 2015 and sources of the data are Atlas of Religions and Nationalities of Russia and the Federal Agency for Nationality Affairs. Fractionalisation and polarisation indices are used to assess the level of cultural heterogeneity. The study of these characteristics showed that despite the intensification of migration processes in contemporary Russia, there were no major changes in the cultural structure of the population of the regions. At the same time, there is a wide variety of national and religious structures in the regions. The impact of cultural heterogeneity on economic development is estimated using regression analysis. The panel regression of gross regional product on labor, capital, controlling variables and indices of cultural heterogeneity is estimated. The results have shown: 1) the positive impact of ethnic and cultural fractionalisation on economic development; 2) the absence of a statistically significant relationship between the level of national polarisation and development; 3) the negative impact of religious polarisation on regional productivity. The results suggest that it is necessary to consider cultural heterogeneity of the society and the possibility of contradictions due to the cultural differences in the regional policy and in the decisions on the public finance

scholarly journals The Impact of Air Quality on Population Migration

2020 ◽  
Vol 15 (2) ◽  
pp. 23-32
Author(s):  
Ke Wang ◽  
◽  
Yiwei Wang ◽  
Chun-Ping Chang
Keyword(s):  
Air Quality ◽  
Panel Data ◽  
Negative Impact ◽  
Fixed Effect Model ◽  
Education Level ◽  
Population Migration ◽  
Control Factors ◽  
Effect Model ◽  
Per Capita ◽  
The Impact

Based on annual panel data of OECD countries from 1995 to 2014, this paper analyzes the impact of air quality (including per capita CO2, PM2.5, and SO emissions) on the immigrant population through a panel fixed-effect model, while employing control factors such as GDP, unemployment rate, and education level. Overall, we provide evidence that air quality is a key determinant of immigration in the selected countries, and in particular the host country’s emissions have a negative impact on immigrants. Greater emissions imply fewer immigrants, while fewer emissions denote more immigrants. Our findings provide countries with a way to more accurately estimate migrant inflow and offer an idea for OECD members on how to attract immigrants via an improvement in environmental quality.

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