Growth and Institutional Change: The Influence of the Spanish Regionalisation Process on Economic Performance

1996 ◽  
Vol 14 (1) ◽  
pp. 71-87 ◽  
Author(s):  
A Rodríguez-Pose
Keyword(s):  
Economic Growth ◽  
Institutional Change ◽  
Economic Performance ◽  
Western Europe ◽  
Positive Influence ◽  
Relative Growth ◽  
Beneficial Effects ◽  
The Past ◽  
The Impact ◽  
The Relationship

The relationship between institutional change and economic growth has been attracting great attention in recent years. However, despite some notable exceptions, researchers have been wary to approach this topic empirically. This paper represents an empirical attempt to try to unravel the impact on economic performance of what has been one of the most significant processes of institutional change in Western Europe in the past few decades—the regionalisation process—by taking the case of Spain, one of the countries where the shift from a highly centralised to a decentralised structure has been most profound. Results show that, at least in the early stages, the emergence of the Spanish regional state has had slightly beneficial effects on the relative growth performance of regions achieving the greatest level of autonomy when compared with their growth rates in the high point of Spanish centralism. Nevertheless, it is still too early to assert whether this positive influence will be a long-lasting one or can be attributed mainly to the dynamics of institutional change and, thus, will wane with time.

scholarly journals The Impact of Education on Economic Growth: The Case of India

2018 ◽  
Vol 66 (1) ◽  
pp. 253-262 ◽  
Author(s):  
Sylvie Kobzev Kotásková ◽  
Petr Procházka ◽  
Luboš Smutka ◽  
Mansoor Maitah ◽  
Elena Kuzmenko ◽  
...  
Keyword(s):  
Economic Growth ◽  
Strong Evidence ◽  
Compelling Evidence ◽  
The Past ◽  
The World ◽  
Education Levels ◽  
The Impact ◽  
The Relationship ◽  
Shed Light ◽  
Education And Economic Growth

There exists an enormous interest in clarification of the relationship between education and economic growth. Over the past 30 years, there have been conducted studies by economists about the connection between education and economic growth. There are actually many publications which provide strong evidence that suggests a correlation between the two. This paper attempts to build upon previous publications and to introduce a unique insight along with contemporary evidence about the relationship between education and economic growth in India from 1975 to 2016 by foc using on primary, secondary and tertiary levels of education. The relationships are examined by utilization of econometric estimations with the Granger Causality Method and the Cointegration Method. These methods are used to create models that could shed light on the claim that education plays a central and significant role in economic growth of India which could consequently be used as an example for similar countries in Asia or around the world. The findings of this work show that there is compelling evidence proving a positive connection between education levels and economic growth in India which might influence governmental actions and shape the future of India.

scholarly journals Effect of Economic Growth on Poverty in Bima City

2020 ◽  
Vol 1 (2) ◽  
pp. 59-64
Author(s):  
Anggun Aisatun Zahroh ◽  
Puji Muniarty ◽  
Julaiha Julaiha
Keyword(s):  
Economic Growth ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
The Past ◽  
Comprehensive Picture ◽  
Independent Variable ◽  
The Impact ◽  
The Relationship ◽  
The City ◽  
Constant Prices

Natural disasters and inflation that occurred in the city of Bima caused economic growth to slow down and cause the impact of social inequality that causes poverty. This study aims to analyze the effect of independent variables on the dependent variable. The independent variable in this study is economic growth while the dependent variable is poverty in the City of Bima for the period 2012-2018. The sample in this study is economic growth in the form of GDRP data based on constant prices and poverty over the past 7 years, from 2012 to 2018. The data used in this study are in the form of a list of tables on economic growth in the form of GDRP based on constant prices and poverty during 7 years obtained from the Central Statistics Agency office in Bima City. The data used are secondary data and the method used is simple linear regression analysis, simple correlation coefficient, simple linear determination and t test (2 parties) using SPSS Version 21.0 to obtain a comprehensive picture of the relationship between one variable with another variable. The results showed that economic growth had no effect and was not significant on poverty in the Bima city.

scholarly journals The Impact of Economic Growth on Gender Specific Unemployment in the EU

2015 ◽  
Vol 62 (3) ◽  
pp. 383-390 ◽  
Author(s):  
Zuzana Brincikova ◽  
Lubomir Darmo
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Gdp Growth ◽  
Unemployment Rates ◽  
And Gender ◽  
The Impact ◽  
The Relationship ◽  
Gender Specific ◽  
Higher Sensitivity ◽  
The Eu

Abstract The relationship between unemployment and economic growth is known as Okun´s Law. Okun´s Law is used to estimate the reaction of unemployment rate on change in GDP growth. The purpose of this paper is therefore to examine the possibly asymmetric relationship between changes in output and gender specific unemployment rates by estimating Okun´s coefficients for all countries of the EU, as well as for selected groups of the EU countries. These groups include countries with similar characteristics that differ from other groups and represent the diversity among the EU. The results confirm that male unemployment is more sensitive to changes in GDP than the unemployment of females. Furthermore, findings differ on the country´s specifics with higher sensitivity in countries with lower economic performance.

Defense Expenditure and Economic Performance in SAARC Countries

2018 ◽  
pp. 46-58
Author(s):  
Sudhansu Sekhar Mahapatra ◽  
Madhabendra Sinha ◽  
Anjan Ray Chaudhury ◽  
Abhijit Dutta ◽  
Partha Pratim Sengupta
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Public Life ◽  
Defense Spending ◽  
Internal Security ◽  
External Threats ◽  
Defense Expenditure ◽  
External Relationships ◽  
The Impact ◽  
The Relationship

Governments in most of the nations aim to fulfil their requirements and protect themselves with the necessities of public life from the external threats, and also try to separate a significant portion for defense-related spending from the budget. But the impact of defense expenditures on economic growth is not apparent. It deserves an empirical investigation to explore the external effect of defense spending on the economic performance of the country. The authors choose six SAARC countries, namely Afghanistan, Bangladesh, India, Nepal, Pakistan, and Sri Lanka, where defense-related issues regarding internal security as well as external relationships with neighbor countries are the most significant to examine the relationship between defense expenditures and economic performance measured by GDP growth. The method of GMM estimation is applied in a dynamic panel structure of selected countries over the period 1970-2016. Empirical findings show that, besides some possible factors, defense spending has a positive and significant impact on economic growth in SAARC member nations.

scholarly journals The Composite Impact of Institutional Quality and Inequality on Economic Growth

2015 ◽  
Vol 54 (4I-II) ◽  
pp. 779-791 ◽  
Author(s):  
Neelum Nigar
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Economic Performance ◽  
Institutional Quality ◽  
Proximate Cause ◽  
Asian Economies ◽  
The Impact ◽  
The Relationship ◽  
Similar Kind ◽  
Significant Attention

The relationship between institutions and economic growth has attracted significant attention in recent years with the dominant view being that institutional quality positively influences economic performance of a country. However, the impact of similar kind of institutions on economic growth varies across regions and countries. Various reasons including, Income inequality and ethnic fragmentation have been put forth as proximate cause of the weaker relationship between institutions and economic growth [Easterly, et. al (2006); Ann-Sofie (2007)]. However not enough literature is available on why the impact of similar set of institutions on growth varies across countries and regions. Given that inequality may weaken the impact of institutional quality on growth, this study seeks to examine the composite impact of institutional quality and inequality on growth in selected Asian economies

scholarly journals The performance of Serbian enterprises after five waves of privatisation

2005 ◽  
pp. 185-201
Author(s):  
Jovana Zelic
Keyword(s):  
Growth Rate ◽  
Economic Performance ◽  
Enterprise Restructuring ◽  
Ownership Structures ◽  
The Past ◽  
Privatization Process ◽  
The Impact ◽  
The Relationship ◽  
Insight Into

This paper deals with the impact privatization process has on the performance of Serbian enterprises. Since the most frequently quoted obstacle for good economic performance in the past is the delay in privatization process and enterprise restructuring, the present analysis might help in obtaining a better insight into the problems preventing the acceleration of growth rate in Serbia. Hence, the present work evaluates the relationship between different methods of privatization leading to different ownership structures and the performance of enterprises in Serbia.

scholarly journals THE IMPACT OF RESEARCH AND DEVELOPMENT EXPENDITURES ON INNOVATION PERFORMANCE AND ECONOMIC GROWTH OF THE COUNTRY—THE EMPIRICAL EVIDENCE

2014 ◽  
Vol 2 ◽  
pp. 119-125 ◽  
Author(s):  
Ján Huňady ◽  
Marta Orviská
Keyword(s):  
Economic Growth ◽  
Research And Development ◽  
Technology Diffusion ◽  
Input Data ◽  
Positive Impact ◽  
Innovation Performance ◽  
The Past ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

The main aim of this article is to empirically verify the relationship between research and development (R&D) expenditures, innovation, and economic growth. Based on the correlation analysis, we examine the interdependencies between selected indicators. We have found that countries with an increase in innovation performance over the past years mostly experienced a higher economic growth in the year 2012.  Countries with higher research and development expenditures have not only more researchers, but as well more patents registration. Subsequently, the relationship between R&D expenditures and economic growth is examined based on econometric regression model of the panel data.  Input data used in the regression covers EU countries between the years 1999 and 2011.  Our results suggest the existence of positive effect of lagged R&D expenditures on economic growth in these countries. We have also identified positive impact of the flow of foreign direct investment (FDI) in this model, which could be related to mechanism of technology diffusion across the countries.

scholarly journals The Relationship between Economic Growth and Pollution in Some New European Union Member States: A Dynamic Panel ARDL Approach

Energies ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2363
Author(s):  
Mihaela Simionescu ◽  
Carmen Beatrice Păuna ◽  
Mihaela-Daniela Vornicescu Niculescu
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Ghg Emissions ◽  
Kuznets Curve ◽  
Renewable Energy Consumption ◽  
Panel Ardl ◽  
Domestic Credit ◽  
The Impact ◽  
The Relationship

Considering the necessity of achieving economic development by keeping the quality of the environment, the aim of this paper is to study the impact of economic growth on GHG emissions in a sample of Central and Eastern European (CEE) countries (V4 countries, Bulgaria and Romania) in the period of 1996–2019. In the context of dynamic ARDL panel and environmental Kuznets curve (EKC), the relationship between GHG and GDP is N-shaped. A U-shaped relationship was obtained in the renewable Kuznets curve (RKC). Energy consumption, domestic credit to the private sector, and labor productivity contribute to pollution, while renewable energy consumption reduces the GHG emissions. However, more efforts are required for promoting renewable energy in the analyzed countries.

Reform, corruption, and growth: Why corruption is more devastating in Russia than in China

2006 ◽  
Vol 39 (2) ◽  
pp. 265-281 ◽  
Author(s):  
Tomas Larsson
Keyword(s):  
Economic Growth ◽  
Comparative Advantage ◽  
Economic Performance ◽  
Political Corruption ◽  
Common Assumption ◽  
Rapid Economic Growth ◽  
The Common ◽  
The Impact ◽  
Intervening Factors

This article explains why massive political corruption appears to be incompatible with economic growth in Russia but compatible with very rapid economic growth in China. The common assumption is that corruption is bad for economic performance. So how can we explain the puzzling contrast between Russia and China? Is Russia being more severely “punished” for its corruption than China? If so, why? This article demonstrates that three intervening factors—comparative advantage, the organization of corruption, and the nature of rents—determines the impact of corruption on economic performance, and that these factors can explain the divergent outcomes. The article thereby offers an alternative to statist explanations of the Russia-China paradox.

The Impact of Rural Finance on Rural Economic Development from the Perspective of Efficiency of Discrete Differential Algorithm

2021 ◽  
Vol 7 (5) ◽  
pp. 4358-4365
Author(s):  
Mingxu Peng ◽  
Jiawen Huang
Keyword(s):  
Economic Growth ◽  
Rural Economy ◽  
Choice Model ◽  
Influence Factors ◽  
Maximum Flow ◽  
Pso Algorithm ◽  
Significant Degree ◽  
Theoretical Research ◽  
The Impact ◽  
The Relationship

Objectives: Finance is the core of the national economy. The development of modern rural economy is inseparable from financial support. The relationship between finance and economic growth has always been one of the hot topics in theoretical research and empirical analysis. Methods: Under the background of the development of Internet e-commerce, the maximum flow algorithm was based on the empirical research on the relationship between China’s financial development and economic growth. Results: Based on this, the two-element discrete choice model of Probit and Logistic for economic growth was constructed. Discrete particle swarm optimization (PSO) algorithm was used to estimate the parameters of the model. The significant degree of the influence factors was calculated. Conclusion: Finally, it was calculated that concurrent business was the decisive factor of economic growth.

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