The impacts of Chinese FDI on domestic investment and economic growth for Africa

The East Asia region had survived the global economic crisis of 2008–2009. However, the general slowdown in the region indicates many structural problems. The Chinese economy actively switches to the domestic market, giving priority to domestic investment and consumer demand in the maintenance of the economic growth. The development of integration processes in East Asia leaves open the question of the formation of a region-wide free trade area. East Asia is capable to retain the role of economic growth locomotive, moving towards the level of post-industrial development.

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The Effects of Human Rights on Economic Growth, 1965 to 2010

Sociology of Development ◽

10.1525/sod.2016.2.4.375 ◽

2016 ◽

Vol 2 (4) ◽

pp. 375-412 ◽

Cited By ~ 2

Author(s):

Wade M. Cole

Keyword(s):

Economic Growth ◽

Human Rights ◽

Growth Rates ◽

Research Question ◽

Civil Liberties ◽

Domestic Investment ◽

Reverse Causality ◽

Bodily Integrity ◽

Explanatory Factors ◽

Economic Growth Rates

A long-standing research question asks whether democracy promotes or inhibits development, but relatively few studies explore the developmental consequences of human rights. I analyze the effect of respect for bodily integrity rights and civil liberties on economic growth rates, measured as percentage changes in gross domestic product over pooled five-year intervals, for 138 countries between 1965 and 2010. Bodily integrity rights entail fundamental protections against torture, political imprisonment, extrajudicial killing, and disappearances. Civil liberties include the freedoms of speech, assembly, religion, and movement. The analyses make use of estimators designed to isolate causal directionality. I find that improvements in countries’ rated bodily integrity practices boost economic growth rates, even after accounting for other important explanatory factors and the possibility of reverse causality. Additional analyses suggest that this effect operates largely through increased domestic investment. Static levels in bodily integrity scores, conversely, have no effect on growth; neither do static levels of or dynamic changes in civil liberties.

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AID AND GROWTH IN BANGLADESH: A REASSESSMENT

JOURNAL OF EUROPEAN ECONOMY - No 1 (2018) ◽

10.35774/jee2018.04.422 ◽

2018 ◽

pp. 422-440

Author(s):

Sharif Hossain ◽

Rajarshi Mitra ◽

Thasinul Abedin

Keyword(s):

Economic Growth ◽

Foreign Aid ◽

Inflation Rate ◽

Government Expenditure ◽

Real Income ◽

Domestic Investment ◽

Real Gdp ◽

Long Run ◽

Short Run ◽

Per Capita

Although the amount of foreign aid received by Bangladesh as a share of GDP has declined over the years, Bangladesh remains one of the heavily aiddependent countries in Asia. The results of most empirical studies that have examined the effectiveness of foreign aid or other forms of development assistance for economic growth have varied considerably depending on the econometric methodology used and the period of study. As the debate and controversy over aid-effectiveness for economic growth continue to grow, this paper reinvestigates the short-run and long-run effects of foreign aid received on percapita real income of Bangladesh over the period 1972–2015. A vector error correction model is estimated. The results indicate lack of any significant short-run and long-run relation between foreign aid and per-capita real income. Results further indicate short-run unidirectional causalities from per-capita real GDP to domestic investment (in proportion to GDP), from government expenditure (in proportion to GDP) to inflation rate, from inflation rate to domestic investment (in proportion to GDP), and from domestic investment to foreign aid (as percentages of GDP). Short-run bidirectional causality is observed between per-capita electricity consumption and per-capita real GDP, and between per-capita real GDP and government expenditure (in proportion to GDP).

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The INFLUENCE OF PRODUCTION FACTORS TOWARD ECONOMIC GROWTH IN INDONESIA

Asia Proceedings of Social Sciences ◽

10.31580/apss.v4i1.565 ◽

2019 ◽

Vol 4 (1) ◽

pp. 44-46

Author(s):

Wilson Bangun

Keyword(s):

Economic Growth ◽

Secondary Data ◽

Least Square ◽

Production Factor ◽

Domestic Investment ◽

Ordinary Least Square ◽

Production Factors ◽

The People ◽

Data Production ◽

Using Data

Economic growth as a mesurement and reflect of the people prosperity. Employee production factor have a better contribution if to compare with capital and technology production factors on Indonesian economic growth. However, Indonesian workforce quality is lowest in ASEAN-5. The research methodology is using the Cobb-Douglas production function with the Ordinary Least Square (OLS), the using equation formulation: lnY = ln a + bi +e. This research using data is secondary data: production factors using data of progressing of FDI and domestic investment, source of the World Bank, 2004-2016; Employment is using data of progressing of Indonesia workforce, sourced from the Biro Pusat Statistik Republik Indonesia, 2004-2016. The research results show that influence of the production factors toward Indonesia economic growth is strongly. This researchs aim to knowledge a large the contribution of production factors on Indonesian Economic growth.

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DOMESTIC INVESTMENT, EXTERNAL DEBT AND ECONOMIC GROWTH: COINTEGRATION AND CAUSALITY EVIDENCE FROM NIGERIA

Journal of Contemporary Issues and Thought ◽

10.37134/jcit.vol7.1.2017 ◽

2017 ◽

Vol 7 ◽

pp. 1-9

Author(s):

Ibrahim Mohammed Adamu ◽

Rajah Rasiah

Keyword(s):

Economic Growth ◽

External Debt ◽

Domestic Investment

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Role of Financial Sector Development as a Contingent Factor in the Remittances and Growth Nexus: A Panel Study of Pacific Island Countries

REMITTANCES REVIEW ◽

10.33182/rr.v3i1.426 ◽

2018 ◽

Vol 3 (1) ◽

pp. 51-74 ◽

Cited By ~ 2

Author(s):

Tiru K. Jayaraman ◽

Lin Sea Lau ◽

Cheong Fatt Ng

Keyword(s):

Economic Growth ◽

Technical Assistance ◽

Panel Study ◽

Financial Sector ◽

Institution Building ◽

Pacific Island ◽

Domestic Investment ◽

Financial Sector Development ◽

Pacific Island Countries

Except for emergencies and for technical assistance for raising skills and institution building, foreign aid to Pacific island countries (PICs) for budgetary support has been phased out since the late 1990s. Because of the small sized domestic markets, foreign direct investment (FDI) is small and is confined to development of tourism infrastructure. On the other hand, inward remittances received from the rising number of islanders migrating overseas for work are increasing, far exceeding aid and FDI. However, influence of remittances on economic growth depends on financial sector development (FSD) for mobilizing the savings from the remittance receipts for domestic investment. This paper assesses the role of FSD in the nexus between remittances and economic growth through a panel study of five major PICs, namely Fiji, Samoa, Solomon Islands, Tonga and Vanuatu. The study findings show that the ongoing efforts for strengthening FSD have to be stepped up by focusing on financial inclusion through spread of branchless banking and promotion of information and communication technology.

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Wage- and profit-led growth regimes: a panel-data approach

Review of Keynesian Economics ◽

10.4337/roke.2021.03.05 ◽

2021 ◽

Vol 9 (3) ◽

pp. 394-412

Author(s):

Guilherme de Oliveira ◽

Eduardo Prado Souza

Keyword(s):

Economic Growth ◽

Developing Countries ◽

Panel Data ◽

Latin American ◽

Structural Characteristics ◽

Developed Countries ◽

Domestic Investment ◽

Growth Regime ◽

Investment Function ◽

Trade Channel

The extensive empirical effort made in the growth and distribution literature to estimate whether economic growth is wage- or profit-led has not sufficiently considered the theoretical foundation of the Neo-Kaleckian model. This paper attempts to respect key tenets of the investment function by estimating a panel-data model in which country-specific structural characteristics and possible endogenous relationships in income distribution and economic growth are explicitly considered. The identification strategy is based on several estimates of the capital stock and the rate of capacity utilization for 61 countries over the period between 1995 and 2014. The main results suggest that the growth regime was wage-led in developed countries, while most developing countries exhibited a profit-led growth regime. Interestingly, however, while the profit-led regime occurs through the international trade channel in Latin American countries, in other developing countries, the causality channel is mainly related to the domestic investment function.

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The Role of Religion and National Culture in Economic Growth of Emerging Markets

Economic Behavior, Game Theory, and Technology in Emerging Markets - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-4666-4745-9.ch014 ◽

2014 ◽

pp. 250-270 ◽

Cited By ~ 6

Author(s):

Harish C. Chandan

Keyword(s):

Economic Growth ◽

Cultural Values ◽

National Culture ◽

Emerging Economies ◽

Growth Rates ◽

High Growth ◽

Political Stability ◽

Domestic Investment ◽

Domestic Credit ◽

The Protestant Work Ethic

Religion can influence economic growth and economic growth can influence religiosity (Barro & Mitchell, 2004; Barro & McCleary, 2003; McCleary, 2007). Earlier, Weber (1904, 1930, 1958) had suggested that the protestant work ethic gave rise to capitalism and that other major world religions including Catholicism, Judaism, Islam, Hinduism, Buddhism, Confucianism, and Daoism were not conducive to capitalism. However, the data on predicted growth rates and the current majority religion for the 24 emerging economies (Yeyati & Williams, 2012; IMF WEO, 2010) suggest these emerging economies with high growth rates include a variety of geo-political regions representing many different religions, national cultures, and even “no-religion” affiliation. For the same majority religion, the economic growth rates and Hofstede’s (1980) national culture dimensions vary among nations. Thus, religion alone is not sufficient to explain the higher economic growth of the emerging economies. The economic growth is influenced by additional social, political, and macroeconomic variables including human capital, infrastructure, technological progress, political stability, capital formation, domestic credit to private sector, foreign domestic investment, inflation rate, exchange rate, and international trade. In a secular sense, the religious beliefs and cultural values related to work and social ethic are conducive to economic growth through entrepreneurship and organizational effectiveness.

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