Information Technology and Economic Development: Results and Policy Implications of Cross-Country Studies

2001 ◽  
pp. 257-280 ◽  
Author(s):  
KENNETH L. KRAEMER ◽  
JASON DEDRICK
Keyword(s):  
Information Technology ◽  
Economic Development ◽  
Policy Implications ◽  
Cross Country

Institutions and development: the primacy of microanalysis

2011 ◽  
Vol 7 (4) ◽  
pp. 549-553 ◽  
Author(s):  
MWANGI S. KIMENYI
Keyword(s):  
Economic Development ◽  
Empirical Analysis ◽  
Institutional Arrangements ◽  
Development Theory ◽  
Policy Relevance ◽  
Microeconomic Analysis ◽  
Methodological Problems ◽  
Cross Country ◽  
Economic Development Theory ◽  
The Empirical Analysis

Abstract:In recent years, there have been major advances in the empirical analysis of the link between institutions and development. However, a number of methodological problems – both theoretical and empirical – remain unresolved and have been well articulated by Ha-Joon Chang in his article ‘Institutions and Economic Development: Theory, Policy and History’. These problems raise valid concerns about the policy relevance of the evidence arising from the studies. A more reliable approach to study the link between institutions and development and overcome the inherent problems of cross-country empirical analysis is to direct focus to microeconomic analysis of institutions. Such an approach avoids ideologically driven normative judgments about the superiority of particular institutional arrangements and also offers a more credible and tractable avenue to investigate institutional change.

scholarly journals Export Diversification and Ecological Footprint: A Comparative Study on EKC Theory among Korea, Japan, and China

2018 ◽  
Vol 10 (10) ◽  
pp. 3657 ◽  
Author(s):  
Hongbo Liu ◽  
Hanho Kim ◽  
Shuanglu Liang ◽  
Oh-Sang Kwon
Keyword(s):  
Economic Development ◽  
Environmental Kuznets Curve ◽  
Ecological Footprint ◽  
Developed Countries ◽  
Product Diversification ◽  
Policy Implications ◽  
Export Market ◽  
Kuznets Curve ◽  
Export Product ◽  
Export Product Diversification

This study examines the Environmental Kuznets Curve (EKC) hypothesis by adopting a country’s ecological footprint as an indicator of environmental degradation in three East Asian countries: Japan, Korea, and China. During the development process, countries intend to balance between stabilizing export demand and maintaining sustainable economic improvement in the context of deteriorating global warming and climate change. The Environmental Kuznets Curve (henceforth, EKC) was originally developed to estimate the correlation between environment condition and economic development. In this paper, we started from the EKC model and adopted an Error Correction Methodology (henceforth, ECM) to estimate the EKC relationships in Japan, Korea (two developed countries), and China (a developing country) over the period of 1990 to 2013. Besides this, instead of only using Gross Domestic Product (henceforth, GDP), two subdivisions of trade diversification—export product diversification and export market diversification—are introduced as proxy variables for economic development in rectification of the EKC. The results demonstrate that both Korea and Japan satisfy the EKC theory by demonstrating an inverted U-shaped relationship between economic development and ecological footprint, while analysis based on data from China does not display the same tendency. For both export product diversification and market diversification, the more diversified the country’s export is, the bigger its ecological footprint. The policy implications of this econometric outcome are also discussed.

Industry and Universities in India

1991 ◽  
Vol 5 (3) ◽  
pp. 143-154 ◽  
Author(s):  
M.M. Ansari ◽  
T.C. Sharma
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Cross Section ◽  
Current Situation ◽  
Policy Implications ◽  
Remedial Measures ◽  
The Social ◽  
Social And Economic Development ◽  
Cooperative Activity ◽  
Collaborative Efforts

This article underscores the need to establish strong linkages between industry and universities in India; assesses the extent to which such linkages exist in a cross-section of Indian universities; and identifies remedial measures as appropriate. The authors describe the challenges facing universities and industry: identify the areas most appropriate for collaboration and the various kinds of collaboration that exist or are possible in India; assess the extent to which collaborative efforts are succeeding in selected universities; and identify factors which help or hinder the development of cooperative activity. Finally, they list the policy implications of their analysis. The article provides an overview of the current situation in India and sets out practical measures for increasing collaboration between industry and higher education which the authors consider essential to the social and economic development of the country.

scholarly journals Sustainability level, corruption and tax evasion: a cross-country analysis

2016 ◽  
Vol 23 (2) ◽  
pp. 328-348 ◽  
Author(s):  
Hichem Khlif ◽  
Achraf Guidara ◽  
Khaled Hussainey
Keyword(s):  
Tax Evasion ◽  
Design Methodology ◽  
Policy Implications ◽  
Content Type ◽  
Global Competitiveness ◽  
Country Analysis ◽  
Cross Country ◽  
The Relationship ◽  
Global Competitiveness Report

Purpose This paper aims to examine the relationship between the level of sustainability and tax evasion and test whether the level of corruption moderates such a relationship. Design/methodology/approach The sample consists of 65 developed and developing countries. Tax evasion is measured using a macro indirect approach used by Schneider et al. (2010). The sustainability level and corruption variables are collected from The Global Competitiveness Report for 2012-2013. Findings This study finds that the level of tax evasion is negatively associated with the level of sustainability (overall score and social and environmental score) and the quality of infrastructure. When we distinguish between low- and high-corruption countries, we find that this negative association is significant for low-corruption countries and insignificant for high-corruption countries. These results imply that the level of corruption may reduce the tendency of individuals in a given state to accept and trust their government in general and comply with the tax rules in particular. Originality/value Our empirical findings have policy implications for governments with high levels of tax evasion, as they highlight the importance of states’ engagements towards their citizens in reducing tax evasion.

scholarly journals E-entrepreneurship in EU countries: evolutions and challenges

2019 ◽  
Author(s):  
Valentina Diana Rusu ◽  
Angela Roman
Keyword(s):  
Information Technology ◽  
Economic Development ◽  
Information Technologies ◽  
Communication Technologies ◽  
Developed Countries ◽  
Constructive Method ◽  
Technology Infrastructure ◽  
Information Technology Infrastructure ◽  
Eu Countries ◽  
The Eu

Purpose – the purpose of this paper is to identify how entrepreneurs from European Union (EU) use informational and communicational technologies in their business activities. We also try to identify the benefits and the challenges arisen for the European entrepreneurs in using information technologies. Research methodology – we analyze a sample of EU countries, by including them into two groups, according to the stage of their economic development. As methods, we use the logical-constructive method and also comparative methods. We also use the benchmarking method in order to estimate country indicators in the sample and compare them. Findings – the results of our study emphasize that e-entrepreneurship in developed countries is more advanced compared to developing countries. There are also significant differences regarding the use of informational technologies between types of firms by their size. Research limitations – are given by the availability of data. Practical implications – we emphasize that in order to support the development of E-entrepreneurship in the EU, government policies should pay more attention to the development of information technology infrastructure. Originality/Value – comes from grouping the EU countries into two groups, according to their stage of economic development. And, comparing the two groups as regards the use of informational and communication technologies. Keywords: information technology, e-entrepreneurship, e-business, innovation, EU countries

scholarly journals The Impact of Russia’s Oil-Dominated Energy Economic Changes on the Exchange Rate of Russian Ruble – Chinese Renminbi

2017 ◽  
Vol 13 (22) ◽  
pp. 173
Author(s):  
Maoguo Wu ◽  
Yue Yu
Keyword(s):  
Economic Development ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Explanatory Power ◽  
Close Relation ◽  
Policy Implications ◽  
The Exchange Rate ◽  
Exchange Rate Changes ◽  
Pillar Industry ◽  
The Impact

Russia’s economic development has a close relation with China, due to geographical and historical reasons. This paper investigates whether the ruble – renminbi exchange rate changes accordingly when the pillar industry of Russia is drastically changing, and how the exchange rate changes and how it affects Russia’s economic development. In this paper, data of 7 variables spanning 122 months are selected based on related literature and availability of data. Regression analysis and empirical tests are carried out consequently. The results show that the energy price index represented by oil prices is negatively correlated with the exchange rate, and the explanatory power is as high as 41.1%. Following basic arbitrage methods and strategies, this paper verifies the feasibility of using arbitrage by comparing actual exchange rates with forecasted exchange rates. According to empirical results, problems witnessed in the process of ruble internationalization provides policy implications for China. China’s economy is utilized as an example to discuss the shortcomings of Russia’s economy. Related solutions are proposed.

Dynamic interactions between stock markets and the real economy

2016 ◽  
Vol 11 (4) ◽  
pp. 715-746 ◽  
Author(s):  
Nikiforos T. Laopodis ◽  
Andreas Papastamou
Keyword(s):  
Economic Development ◽  
Stock Market ◽  
Methodological Approach ◽  
Financial System ◽  
Cointegration Analysis ◽  
Policy Implications ◽  
Real Economy ◽  
Dynamic Interactions ◽  
Content Type ◽  
The Real

Purpose The purpose of this paper is to re-examine the relationship between a country’s aggregate stock market and general economic development for 14 emerging economies for the period from 1995 to 2014. Design/methodology/approach The methodological approach of the paper is multifold. First, the authors use cointegration analysis to determine the simple dynamics among the variables. Second, the authors utilize vector autoregression analysis to study the dynamics among the variables for the 14 countries. Third, the authors employ panel analysis to determine common variations among the variables and across countries. Findings When examining the linkage between the stock market and economic development, proxied by gross domestic product growth or with gross fixed capital formation growth, the authors did not find a meaningful relationship between them. However, when the authors included additional control variables strong, dynamic interactions between the two magnitudes surfaced. Specifically, it was found that the stock market is positively and robustly correlated with contemporaneous and future real economic development and, thus, it directly contributed to a country’s economic development either through the production of goods and services or the accumulation of real capital. Thus, it can be inferred that the stock market alone is not capable of boosting economic development in these countries unless being part of a comprehensive financial system (which includes banks) as well as investment in real capital. Research limitations/implications The policy implications are clear. Government authorities must recognize that the stock market alone is not a driver of economic development and that a sound, efficient financial system (which includes banks) must be present in order to contribute and foster economic development. Originality/value The study is original in the sense that it examines various financial and economic variables to determine the degree of (or dynamic interactions among) the stock market and the real economy for each and all emerging markets in the sample.

The analysis of the socio-economic situation of Scandinavian countries using the macroeconomic generalizing indicator of development.

2021 ◽  
pp. 82-103
Author(s):  
Natalia V. Spasskaya ◽  
◽  
Irina M. Kulikova ◽  
Elena E. Afanasyeva ◽  
◽  
...  
Keyword(s):  
Quality Of Life ◽  
Economic Development ◽  
Medical Care ◽  
Education System ◽  
Healthy People ◽  
Conceptual Apparatus ◽  
Socio Economic Development ◽  
Cross Country ◽  
Human Birth

The socio-economic development of the country is the goal of every state. An important element in achieving this goal is the availability and application of a macroeconomic generalizing indicator that reveals the purpose of public policy. The main aim of the study is to identify the socio-economic characteristics of the organization of life in the countries of Scandinavia, using the macroeconomic generalizing indicator RAZ (the name of the indicator is based on the first part of the Russian word “razvitie” translated as “development”), proposed by the authors. The authors consider this indicator as suitable for cross-country comparisons of the quality of life and an objective estimation of development of the society from the point of view of focusing on the maximum disclosure of person's abilities and personal development. The research was based on the methods of analysis, synthesis, comparison, generalization and modeling, as well as on the case-study method. The use of these methods made it possible to identify the characteristics of the socio-economic organization of life and characteristics defining quality of life (human birth, education and medical care) in their composition, and also the indicators corresponding to them characterizing qualitative changes — levels of human birth rate, education and medical care. The generalized estimation of the specified characteristics defining quality of life, it is offered to make by means of a macroeconomic generalizing indicator. For its calculation a set of the quantity indicators defining quality of life (population in the country, number of the persons trained in an education system and number of healthy people) is generated. The authors make an assessment of the macroeconomic generalizing indicator and the set of the quantity indicators defining quality of life (the population in the country, the number of healthy people and the number of people studying in the education system).The study has developed an approach to calculating defining quality of life indicators using the System of National Accounts according to the data of the European Bureau of Statistical Research and the official websites of the national statistical services of the countries of Scandinavia and Switzerland as a country that has indicators close to the leading values of the countries of Scandinavia. These estimates can be used for comparative analysis purposes. The study compiled a rating of countries according to the macroeconomic generalizing indicator. According to calculations, Norway occupies a leading position. The lowest rank is observed in Sweden. There are changes in the quality of life in society, and this complex phenomenon requires an objective assessment. Generalizing indicator of the development provides such an assessment. The indicator allows us to evaluate the set of characteristics that determine the quality of life, which is not yet taken into account in cross-country comparisons, and to compare them. It has been established that the lack of development of the conceptual apparatus and the unavailability of important statistical information complicate the principle of compiling the indicator and lead to an inaccurate calculation of the macroeconomic generalizing indicator at this study stage. Nevertheless, it was found out that the calculation could be made in relation to the following levels: humanity (world), country, region or city. Further research is planned to study substantiation of the conceptual device of formation of RAZ as indicator for cross-country comparisons of quality of life and an objective estimation of development of the society, as well as for using it as a modelling element of social and economic systems. Besides, it is necessary to develop additional characteristics that take into account the influence of a person’s life expectancy on the quality of his life, as well as in clarifying the conceptual apparatus for forming a macroeconomic generalizing indicator RAZ for building a rational organization of people's place of residence. This approach creates new theoretical and methodological foundations for scientific knowledge of the socio-economic development of the countries and allows us to analyze the quality of life as a base which moves development of the countries in different historical periods and to see the development of the world in the future in a different way.

Smart economic development patterns in Europe: interaction with competitiveness

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jurgita Bruneckienė ◽  
Jonas Rapsikevičius ◽  
Mantas Lukauskas ◽  
Ineta Zykienė ◽  
Robertas Jucevičius
Keyword(s):  
Economic Development ◽  
Industrial Revolution ◽  
European Countries ◽  
Low Carbon ◽  
Data Set ◽  
Content Type ◽  
Low Carbon Economy ◽  
Global Competitiveness ◽  
Cross Country ◽  
The 2008 Financial Crisis

Purpose This paper aims to investigate the smart economic development (SED) patterns in Europe in relation to competitiveness. Motivational focus corresponds to global events: the fourth industrial revolution, transition to a low-carbon economy, economic shocks (such as the 2008 financial crisis, Brexit or the coronavirus pandemic), which requires rethinking development policies, targeting competitiveness increase and reducing imbalances in economic development. Design/methodology/approach The analysis includes self-organising neural networks cluster analysis and correlations, comparative analysis of SED indicators structure and cumulative index estimation with World Economic Forum (WEF) global competitiveness index. The panel data set of 19 years from 2000 to 2018 for 30 European countries. Findings Overall, cross-country examination suggests that European countries of higher competitiveness illustrate higher estimates in SED. The key determinants are juridical fairness, social responsibility, competence building, intelligence and welfare employment to develop smart patterns for reaching higher competitiveness. Research limitations/implications The limitations relate to the particular sample of European countries and gathering statistical data and a methodology of the SED index calculation. In addition, the paper contains a macroeconomic environment focus on competitiveness estimation. Further research may be improved with micro and mezzo environment incorporation at a cross-country analysis level. Practical implications By linking well-known terms of competitiveness and economic development with a concept of smartness, new approaches to policymaking emerged. The methodology presented in this paper has implications for territorial cohesion policies, competitiveness and branching strategies. The combination of SED sub-indexes and WEF GCI might aid a more accurate ex ante measurement. Social implications The findings are essential for fostering a smart approach in economic development for long-term competitiveness. Originality/value This paper provides original empirical evidence about the relationship between SED and competitiveness and adds new knowledge that smartness becomes a way for building countries’ competitiveness by identified two profiles of SED patterns by development stages, namely, integrated to economic development and institutional-based which is divided to focus and balanced.

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