Inclusive Growth in Africa

2014 ◽  
pp. 153-174
Author(s):  
Mthuli Ncube
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Social Inclusion ◽  
Growth Index ◽  
Well Being ◽  
Inclusive Growth ◽  
African Countries ◽  
Poor Growth ◽  
Per Capita ◽  
Growth Indicators

This chapter examines the weak inclusion character of Africa’s economic growth and its implications for employment, income distribution, demographics, and the middle class. After outlining Africa’s impressive growth in the last decade which has not created jobs and not reduced poverty fast enough, it discusses various approaches to inclusive growth in relation to gross domestic product per capita, sub-groups, and pro-poor growth, well-being, and opportunities as opposed to outcomes. It also considers four categories of inclusive growth indicators, namely economic inclusion, social inclusion, spatial inclusion, and political/institutional inclusion. Under economic inclusion, an approach for dealing with inequality is presented. Finally, the article describes an inclusive growth index for African countries for the period 2006–2010, adjusted for inequality.

scholarly journals INCLUSIVE GROWTH AND DEVELOPMENT PATTERNS OF CENTRAL AND EASTERN EUROPEAN COUNTRIES

2021 ◽  
Author(s):  
Olga Tsapko-Piddubna
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Social Inclusion ◽  
Slovak Republic ◽  
Well Being ◽  
Inclusive Growth ◽  
Development Patterns ◽  
Performance Metric ◽  
World Economic ◽  
Eastern European Countries

The primary intension behind this study is to analyse and compare the patterns of inclusive growth and development across economies of Central and Eastern Europe based on a performance metric developed by the World Economic Forum. The current state of growth and inequality is analyzed through pillars оf 1) growth and development; 2) inclusion; and 3) intergenerational equity and sustainability. The EU and Norway, the most inclusive country in 2017, were included into the study as a benchmark. The main findings suggest that the Czech and Slovak Republic are the best performing among CEE countries in inclusive growth and development patterns. On the contrary, Ukraine, Moldova, and Russian Federation are the worst. These countries have not transformed their economic growth into social inclusion. In order to improve the inclusiveness of economic growth, it is recommended to promote policies that would increase human economic opportunities and productive employment, and consequently, both equality and economic well-being of CEE economies.

Measuring and monitoring inclusive growth in developing and advanced economies: multiple definitions, open questions and some constructive proposals

2017 ◽  
Author(s):  
Stephan Klasen
Keyword(s):  
Economic Growth ◽  
Social Exclusion ◽  
Well Being ◽  
Developed Countries ◽  
Inclusive Growth ◽  
Poor Growth ◽  
Open Questions ◽  
Advanced Economies ◽  
Definition Of ◽  
Developing And Developed Countries

Inclusive growth has been proposed as another approach to ensuring that economic growth promotes well-being for all. At the same time, the precise definition of inclusive growth, its relation to related concepts, such as pro-poor growth, social exclusion, or inequality, is not very clear. This chapter proposes a way to define inclusive growth, differentiate from related concepts, and propose particular indicators that can be used to monitor inclusive growth in developing and developed countries.

scholarly journals Possibilities and challenges of inclusive economic growth in countries

2021 ◽  
Vol 244 ◽  
pp. 10039
Author(s):  
Mavluda Askarova ◽  
Toir Saddulaev ◽  
Bunyod Radjabov
Keyword(s):  
Economic Growth ◽  
Socioeconomic Development ◽  
Growth Index ◽  
Well Being ◽  
Developed Countries ◽  
The State ◽  
Inclusive Growth ◽  
The World ◽  
The Republic ◽  
The Impact

The purpose of the study of this topic is inclusive growth and inclusive economic growth in the territory of the Republic of Uzbekistan. Using the theoretical method of analysis, the results of the developed countries of the world, as well as the state of the economy of Central Asia, in particular the Republic of Uzbekistan, are analyzed. The observation method reveals the impact of inclusive economic growth on the standard of living and well-being of the world’s population. The article compares data on the impact of the global economic and financial crisis on the economies of the world and the Republic of Uzbekistan, which began in 2019, and its consequences are reflected on inclusive economic growth. Projections of social development up to 2030 are made, this development factor plays an important role in inclusive economic growth. The result of this study is the conclusion about the importance of the inclusive growth index, which can replace the GDP indicator. Index of inclusive analysis of information on various aspects of society. This index can also be used to predict the socioeconomic development of the state.

scholarly journals Spatial Dimensions of Economic Growth, Redistribution, and Poverty Reduction During the Yudhoyono Period in Indonesia

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Witri Mukti Aji
Keyword(s):  
Economic Growth ◽  
Regional Differences ◽  
Decomposition Method ◽  
Poverty Reduction ◽  
Growth Index ◽  
Growth Indices ◽  
Poor Growth ◽  
Household Expenditures ◽  
Spatial Dimensions ◽  
Capital Development

This research explores the spatial dimensions of economic growth, redistribution, and poverty reduction in Indonesia during the Susilo Bambang Yudhoyono period (i.e., from 2004 to 2014) using the poverty decomposition method, the growth incidence curve, and several pro-poor growth indices. I gathered my data from the annual National Socio-economic Surveys conducted in Indonesia between 2004 and 2014. Analyzing this data, my thesis presents three key economic insights about the Susilo Bambang Yudhoyono period:1) poverty incidence significantly declined between 2004 and 2014, 2) the economic growth that occurred during this period was generally not pro-poor, made evident by an upward sloping growth incidence curve, and 3) regional differences exist in the shape of the growth incidence curve; the pro-poorness of economic growth therefore varies between provinces. Using the classification system proposed by Kakwani and Pernia (2000), I classify provinces into the following five groups with respect to their pro-poor growth index (PPGI). Our empirical results support the pro-poor growth in a nation. However, some provinces such as North Maluku, Gorontalo and Bengkulu experienced non-pro-poor growth and weakly pro-poor. To promote the pro-poor growth in all provinces, the governmental supports in infrastructure and human capital development are essential for the above lagged provinces. Keywords: Household Expenditures; Economic Growth; Redistribution; Poverty Reduction; Spatial Dimensions; Inequality; Poverty Decomposition Method; Growth Incidence Curve; Pro-Poor Growth Indices.

scholarly journals FEATURES OF DEVELOPMENT OF TOURISM IN GEORGIA AS AN INDUSTRY CONTRIBUTING TO ECONOMIC GROWTH OF THE COUNTRY

2019 ◽  
Vol 29 (2) ◽  
pp. 279-289
Author(s):  
L.V. Detochenko
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Tourism Industry ◽  
Gdp Per Capita ◽  
Tourist Destinations ◽  
Transport Component ◽  
Tourist Flows ◽  
Per Capita ◽  
The Republic

The role and place of the tourism industry in the economic complex of Georgia are considered; the conclusion is made about the “tourist miracle” taking place in the country, which is a factor of the economic growth of the republic. The differences between the concepts of “foreign visitors” and “foreign tourists” are presented. The increase in the contribution of the tourism industry and related industries involved in the tourism industry in the creation of the gross domestic product of the country, its impact on the growth of the Georgian budget and GDP per capita, the average monthly wage is shown. The conclusion about the need to increase the share of medium and long-term tourists among foreign visitors and tourists in the country is justified. The problems of the return of tourists, the long-term stay in Georgia, the differences of the countries-generators of tourist flows by these indicators have been studied. The changes in work and the prospects of various types of transport for the delivery of tourists to Georgia are analyzed, the measures to improve the tourist transport component are proposed. The correlation between the number of tourist arrivals and the average cost of tourists visiting Georgia from different countries is shown and the economic profitability of attracting Russian tourists, capable of filling all the tourist destinations of the country, contributing to the “tourist miracle” of Georgia is considered.

The Optimum Level of Income Inequality in South Asia: An Econometric Analysis

2021 ◽  
pp. 139156142110390
Author(s):  
Fahmida Khatun ◽  
Syed Yusuf Saadat
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Gross Domestic Product ◽  
South Asia ◽  
Gini Coefficient ◽  
Econometric Analysis ◽  
Domestic Product ◽  
Optimum Level ◽  
Capita Gross Domestic Product ◽  
Per Capita

Inequality in the distribution of income can be beneficial or detrimental for economic growth depending on the level of inequality. This study advocates that when income inequality is low, increase in income inequality increases economic growth, whereas when income inequality is high, increase in income inequality decreases economic growth. The level of inequality that maximizes economic growth is defined as the optimum level of income inequality. This article attempts to determine the optimum level of income inequality for South Asia through an econometric analysis. It uses panel data from Bangladesh, India, Nepal, Pakistan and Sri Lanka, over a 34-year period to undertake a systematic investigation using panel instrumental variables techniques. The results of this study confirm that an optimum level of income inequality does exist, and occurs at a Gini coefficient value of 0.4492. Thus, this research empirically confirms that the relationship between income inequality and economic growth is non-linear. Further calculations show that for an economy that is at the optimum level of income inequality, the per capita gross domestic product can be expected to double within approximately 13 years, provided all other factors are held constant. However, a change in the Gini coefficient by 0.10 units in either direction—higher or lower—away from the optimum level, can increase the number of years for the per capita gross domestic product to double by 55 to 57 years, depending on the method of approximation. JEL: D31, D63, O15, O40

SHORTCOMINGS OF COMMONLY USED METHODS OF MEASURING THE ECONOMIC ACTIVITY OF THE COUNTRY

2021 ◽  
Vol 9 (1) ◽  
pp. 101-111
Author(s):  
Łukasz Wojciechowski ◽  
Tomasz Wołowiec
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Economic Activity ◽  
Well Being ◽  
The State ◽  
Point Of View ◽  
Level Of Education ◽  
State And Society ◽  
State Of The Environment

The article analyzes the flaws of the classical measures of economic growth. It is based on the assumption that, while not questioning the quality of the GDP indicator as a tool for measuring economic activity, it points out that the way this indicator is constructed influences the actions of governments, citizens and other actors, affecting also non-productive areas. What we measure affects what we do - if production is measured, then the criterion determining the success of the state and society will be the growth of production, and not the level of education, health or state of the environment. Gross domestic product in many cases includes production that, from the point of view of the community, indicates unfavorable processes. These are the so-called anti-goods, i.e., phenomena that increase GDP, although they worsen well-being and are socially undesirable).

Inclusive Economic Growth Diagnosis Of Jambi Province

2021 ◽  
Vol 12 (1) ◽  
pp. 47-47
Author(s):  
Zulgani Zulgani ◽  
Faradina Zevaya
Keyword(s):  
Economic Growth ◽  
Growth Index ◽  
Asian Development Bank ◽  
Inclusive Growth ◽  
Development Bank ◽  
Unemployed People ◽  
Level Of Satisfaction ◽  
Increasing Trend ◽  
Economic Infrastructure

High economic growth is an achievement that is always expected and targeted by a country or region. However, whether this economic growth has been in line with the reduction in poverty, the decrease in unemployed people, and the provision of many and quality jobs is still in question. Thus, the problem that can be studied is whether Jambi Province has been in inclusive economic growth. And, what factors are calculated and analyzed in determining its inclusiveness. The method and data used are the adaptation of the main variables used by the Asian Development Bank (ADB) and the measure of the quality of economic growth is assessed from the IGI (Inclusive Growth Index). The result shows that IGI Jambi Province has an increasing trend during the 2016 – 2020 period, although it is stagnant at a satisfactory level of progress and at the level of satisfaction in 2019 it experienced growth compared to the previous year accompanied by an increase in several sub-dimensions such as the sub-dimension of productive workforce, economic infrastructure, poverty, health, education, sanitation and social protection.Meanwhile, the level of satisfaction with economic growth grew negatively, as well as the subdimensions of gender equality and constant income inequality. Keywords: Economic Growth, IGI, Inclusive Economic, Jambi.

Invisible Hand or Ecological Footprint? Comparing Social Versus Environmental Impacts of Recent Economic Growth

2019 ◽  
pp. 108602661988511 ◽  
Author(s):  
Gregory M. Mikkelson
Keyword(s):  
United States ◽  
Economic Growth ◽  
Public Policy ◽  
Gross Domestic Product ◽  
Natural Environment ◽  
Ecological Footprint ◽  
Well Being ◽  
The United States ◽  
Invisible Hand ◽  
Key Indicators

This study examines changes in some key indicators among 66 countries on six continents over a 56-year period, to compare the power of economic growth to improve human health and income distribution with its tendency to degrade the natural environment. The results indicate that growth depletes and pollutes nature far more than it benefits society. This suggests that public policy should shift toward enhancement of individual and social well-being in ways more direct and effective, and less ecologically damaging, than reliance on overall growth in gross domestic product. I illustrate this implication with a degrowth scenario for the United States to 2050 that draws on the empirical results for the period 1961 to 2016. And I consider certain reforms in the management and governance of organizations to implement such a scenario.

scholarly journals HIV/AIDS and Economic Growth: Empirical Evidence from Sub-Saharan Africa

2015 ◽  
Vol 7 (4) ◽  
pp. 30 ◽  
Author(s):  
Danjuma Maijama'a ◽  
Shamzaeffa Samsudin ◽  
Shazida jan Mohd Khan
Keyword(s):  
Economic Growth ◽  
Time Lag ◽  
Hiv And Aids ◽  
Sub Saharan Africa ◽  
Growth Equation ◽  
Solow Model ◽  
African Countries ◽  
Negative Effect ◽  
Per Capita ◽  
Sub Saharan

<p>This study investigates the effects of the HIV and AIDS epidemic on economic growth in 42<br />sub-Saharan African countries using data spanning from 1990-2013. Unlike previous studies,<br />we use a longer data horizon and take the time lag effect of the epidemic’s incubation period<br />that is, after it might have developed to AIDS into consideration in our estimations. We<br />estimated an empirical growth equation within an augmented Solow model and applied the<br />dynamic system GMM estimator. The results suggest that current HIV prevalence rate –<br />associated with rising morbidity, has a negative effect on GDP per capita growth, conversely<br />AIDS – associated with higher mortality in addition to morbidity, increases per capita GDP<br />growth.</p>

Sign in / Sign up

Export Citation Format

Share Document