scholarly journals An Empirical Analysis of the Relation Between Social Spending and Economic Growth in Developing Countries and OECD Members

2011 ◽  
Vol 33 (1) ◽  
pp. 37-55 ◽  
Author(s):  
Tobin Im ◽  
Wonhyuk Cho ◽  
Gregory Porumbescu
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Empirical Analysis ◽  
Social Spending

Social fragmentation and economic growth: evidence from developing countries

2010 ◽  
Vol 7 (1) ◽  
pp. 77-104 ◽  
Author(s):  
TADE O. OKEDIJI
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Empirical Analysis ◽  
Ethnic Diversity ◽  
Diversity Index ◽  
Direct Effects ◽  
Composite Measure ◽  
Macroeconomic Variables ◽  
Social Fragmentation ◽  
The Social

Abstract:This paper proposes a composite measure of ethnic fragmentation, the Social Diversity Index (SDI) to capture inherent multidimensionality not captured in the prevalent Ethno-Linguistic Fractionalization Index (ELF). The SDI more accurately demonstrates the direct effects of hidden diversity values and the extent and corresponding costs of ethnic diversity on economic growth. A comparative empirical analysis of the results from 132 countries employing the SDI and the ELF Index, suggests that the SDI is more robustly correlated with growth, and does a moderately better job of explaining the effect of exogenous static ethnic diversity. However, the empirical effects of ethnic diversity on growth tend to diminish with the inclusion of additional macroeconomic variables.

scholarly journals MSMEs as Mediation in the Effects of Investment Credit, Interest Rates, and Labor on Economic Growth

2020 ◽  
Vol 9 (2) ◽  
pp. 01-12
Author(s):  
Muliadi Muliadi ◽  
Dio Caisar Darma ◽  
Jati Kasuma
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Interest Rates ◽  
Empirical Analysis ◽  
Bank Lending ◽  
Macroeconomic Factors ◽  
Large Numbers ◽  
Accurate Picture

An increase in MSMEs in large numbers is very instrumental in increasing economic growth in developing countries, including Indonesia. The research objective is based on identifying the effect of investment credit, interest rates, and labor on economic growth through the role of MSMEs. The design of this research is descriptive-verification to present a structured, factual and accurate picture and test hypotheses empirically through the MRA model. Empirical analysis proves that investment credit and interest rates through the role of MSMEs can influence positively and significantly on Indonesia's economic growth. In other results, it appears that the role of MSMEs is less able to mediate the effect of labor on Indonesia's economic growth. This fact is based on a negative and insignificant relationship. In a sentence or two, enter the implications and limitations of your research. In Indonesia, increasing bank lending to MSMEs in practice is undermined by lending policies by banks and by macroeconomic factors (economic growth, interest rates, investment credit, and labor).

Self-employment and economic growth in developing countries: is more self-employment better?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sridevi Yerrabati
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Empirical Analysis ◽  
Empirical Relationship ◽  
Dynamic Panel Data ◽  
Policy Implications ◽  
Content Type ◽  
Self Employment ◽  
Non Linear ◽  
The Empirical Analysis

PurposeThe study aims to examine the non-linear relationship between self-employment and economic growth (growth) in the context of developing countries.Design/methodology/approachData from a sample of 83 developing countries covering a period 2002–2015 is used. The empirical analysis is based on the dynamic panel data estimation, and the results are estimated using the two-step system GMM technique. Non-linearity between self-employment and growth is validated using Sasabuchi (1980) and Lind and Mehlum (2010) (SLM) test.FindingsThe empirical analysis suggests a non-linear and a U-shaped relationship between self-employment and growth, confirmed by the SLM test. The threshold levels for total self-employment, female self-employment and male self-employment are 57.49%, 58.86 and 55.81%. The findings are also robust to alternate estimation technique and alternate measure of the dependent variable.Practical implicationsPolicy implications of the findings include the need for policies that foster and channel self-employment properly as the higher level of self-employment is found to benefit growth.Originality/valueThis study is the first attempt to examine the empirical relationship between self-employment and growth. As such, it makes a novel contribution to the extant literature on the relationship between the two variables.

Global Restructuring, Knowledge and Learning

2004 ◽  
pp. 66-76
Author(s):  
E. Hershberg
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Political Institutions ◽  
Lower Cost ◽  
International Competitiveness ◽  
Value Chains ◽  
Global Competitiveness ◽  
Global Restructuring ◽  
Intensive Exploitation ◽  
High Road

The influence of globalization on international competitiveness is considered in the article. Two strategies of economic growth are pointed out: the low road, that is producing more at lower cost and lower wages, with increasingly intensive exploitation of labor and environment, and the high road, that is upgrading capabilities in order to produce better basing on knowledge. Restrictions for developing countries trying to reach global competitiveness are formulated. Special attention is paid to the concept of upgrading and opportunities of joining transnational value chains. The importance of learning and forming social and political institutions for successful upgrading of the economy is stressed.

Sign in / Sign up

Export Citation Format

Share Document