scholarly journals Instability, political regimes and economic growth. A theoretical framework

2021 ◽  
Author(s):  
Fernando Tohmé ◽  
M. Ángeles Caraballo ◽  
Carlos Dabús
Keyword(s):  
Economic Growth ◽  
Theoretical Framework ◽  
Political Regimes

scholarly journals Degree of financialization and energy efficiency in Sub-Saharan Africa: do institutions matter?

2020 ◽  
Vol 6 (1) ◽  
Author(s):  
Philip Kofi Adom ◽  
Franklin Amuakwa-Mensah ◽  
Salome Amuakwa-Mensah
Keyword(s):  
Economic Growth ◽  
Energy Efficiency ◽  
Banking Sector ◽  
Developing Economies ◽  
Generalized Method Of Moments ◽  
Energy Utilization ◽  
Sub Saharan Africa ◽  
Political Regimes ◽  
Growth Strategies ◽  
Bank Profitability

Abstract The United Nations Sustainable Development Goal 7 emphasizes the need for economies around the world to double their efforts in energy efficiency improvements. This is because improvements in energy efficiency can trigger economic growth and considered as one of the ‘green’ growth strategies due to its carbon free content. To this end, some empirical studies have investigated the nexus between economic growth and energy efficiency, but the effects of the latter on financial indicators have not been sufficiently studied in the literature, at least in developing economies like Africa. This study examines the effect of energy efficiency improvements on commercial bank profitability under different political regimes (i.e., autocratic and democratic political regimes); something previous literature had neglected. The study uses panel data, consisting of 43 African countries and the simultaneous System Generalized Method of Moments. We found that energy efficiency improvement is more likely to induce higher bank profitability in political institutions with the characteristics of centralization of power compared with those with decentralization of power. Furthermore, for the banking sector, the findings suggest that energy utilization behavior of clients should be included in the loan or credit valuation process. For the government, the agenda of energy efficiency should be aggressively pursued while taking cognizance of creating a political environment that weans itself from a ‘grandfathering’ behavior.

Regional Synergy and Economic Growth: Evidence from Total Effect and Regional Effect in China

2019 ◽  
Vol 42 (5-6) ◽  
pp. 431-458 ◽  
Author(s):  
Ying Liu ◽  
Lin Li ◽  
Fei Teng Zheng
Keyword(s):  
Economic Growth ◽  
System Optimization ◽  
Theoretical Framework ◽  
Growth Potential ◽  
Total Effect ◽  
Eastern Region ◽  
Regional Effect ◽  
Resource Flow ◽  
Two Cities

The synergy between different regions may enable to realize the system optimization of 1 + 1 > 2 and generate new growth potential. However, research on regional synergy and economic growth is very rare. Here, we developed a theoretical framework of regional synergy and economic growth and then overcame the efficiency-added calculation issue to measure the synergy between every two cities among 285 cities (40,470 city–city units) in China. Further, the effects of regional synergy on economic growth are tested. The total effect tests whether regional synergy could promote the overall economic growth, and the regional effect tests whether regional synergy could promote the economic growth of each subregion. The results show that regional synergy can significantly promote overall economic growth, but only the cities in the developed eastern region could benefit from synergy. The mechanism test shows that regional synergy acts on economic growth through interregional resource flow. Regional synergy promotes the economic growth of cities with resource inflow, while it curbs the economic growth of cities with resource outflow.

Political regimes and foreign aid effectiveness in Ghana

2019 ◽  
Vol 18 (1) ◽  
pp. 15-33 ◽  
Author(s):  
Vincent Konadu Tawiah ◽  
Evans John Barnes ◽  
Prince Acheampong ◽  
Ofori Yaw
Keyword(s):  
Economic Growth ◽  
Foreign Aid ◽  
Political Ideology ◽  
Aid Effectiveness ◽  
Political Agenda ◽  
Annual Data ◽  
Political Regimes ◽  
Data Set ◽  
Content Type ◽  
The Government

Purpose This paper has examined the effectiveness of foreign aid on Ghanaian economy under different political regimes. Design/methodology/approach Using vector error correction and co-integration models on the annual data set over a period of 35 years, the authors demonstrate that foreign aid has had varied impacts on economic growth depending on the political ideology of the government in power. Findings With capitalist political philosophy, foreign aid improves private sector growth through infrastructural development. On the other hand, a government with socialist philosophy applies most of its foreign aid in direct social interventions with the view of improving human capital. Thus, each political party is likely to seek foreign aid/grant that will support its political agenda. Overall, the results show that foreign aid has a positive impact on the growth of the Ghanaian economy when there is good macroeconomic environment. Practical implications This implies that the country experiences economic growth when there are sound economic policies to apply foreign aid. Originality/value The practical implication of the findings of this paper is that donor countries and agencies should consider the philosophy of the government in power while granting aid to recipient countries, especially in Africa. The results are robust to different proxies and models.

CLEAN DEVELOPMENT MECHANISMS’ EFFECTS ON HOST COUNTRIES

2015 ◽  
Vol 21 (2) ◽  
Author(s):  
IVA HRISTOVA
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
South Korea ◽  
Ghg Emissions ◽  
Theoretical Framework ◽  
Renewable Energies ◽  
Host Countries ◽  
Important Host

<p class="ESRBODY">The purpose of this paper is to study the effects of CDM projects implementation on the most important host countries (China, Brazil, Mexico and South Korea). The analysis concerns the 2003-2010 period and aims to define CDM’s potential impacts in terms of GHG emissions, GHG intensities, renewable energies spread, sustainable development and economic growth. As far as economic growth is concerned, we adapt the theoretical framework developed within the FDI-growth nexus, given the existing similarities between CDM and FDI investments.</p>

scholarly journals Inclusive Growth Measurement Under Different Political Regimes of Pakistan

2020 ◽  
Vol V (IV) ◽  
pp. 42-49
Author(s):  
Muhammad Masood Anwar ◽  
Aftab Anwar ◽  
Ghulam Yahya Khan
Keyword(s):  
Economic Growth ◽  
Growth Performance ◽  
Growth Index ◽  
Asian Development Bank ◽  
Inclusive Growth ◽  
Political Regimes ◽  
Development Bank ◽  
Democratic Culture ◽  
Growth Measurement ◽  
The World

Existing literature focuses on the determinants and ways to enhance economic growth. This, however, neglects the growth benefit to society. Distribution aspect of economic growth is ignored in the previous decades. As a result, the world cannot enjoy the benefits of economic growth. In this paper inclusive growth index (IGI) is used which is constructed by the Asian Development Bank, 2011 to investigate whether the economic growth in Pakistan creates opportunities for the entire population on an equal basis and how political regimes affect the inclusive growth. Performance of the sixteen indicators of inclusive growth index is assessed over the period of 1978-2014, under two Democratic and two dictators' regimes. The result of the study shows that inclusive growth in Pakistan is low. However, the trend of inclusive growth in Pakistan is positive. Inclusive growth can be increase by increase the pace of economic growth besides democratic culture.

scholarly journals Environmental Kuznets Curve for Sustainable Development

2019 ◽  
Vol 8 (12S) ◽  
pp. 813-818
Keyword(s):  
Economic Growth ◽  
Purchasing Power Parity ◽  
Environmental Kuznets Curve ◽  
Theoretical Framework ◽  
Kuznets Curve ◽  
Power Parity ◽  
China And India ◽  
Long Run ◽  
Energy Needs ◽  
Installed Capacity

Economies today are relying on coal and other finite sources for their energy needs which has not only resulted in exhaustion of finite resources but also has adversely affected the environment as burning of coal alone is responsible for emission of Green House Gases . As the economy grows the consumption of power also rises and in order to keep pace with the growing demand for power, economies are forced to increase the installed capacity. But in economies like US, China and India dependence on coal has been in rise for last few decades. Simon Kuznet rightly brought this to our notice and established the relationship between carbon emission and GDP which would be positively related initially but growth in GDP would enable the economies to find out some alternatives and reduce the emissions n long run. This paper critically analyses the existence of hypothesized relationship of Environmental Kuznets Curve (EKC) between Gross Domestic Product (GDP) and CO2 emissions of U.S., India and China. In trying to prove the theoretical framework that economic growth (GDP) in terms of purchasing power parity and environmental deterioration are strongly related, the paper used the data of developed and developing countries mentioned above. The main aim of the paper is to check the applicability of Environmental Kuznets Curve (EKC) on the economic growth of U.S., China and India. The researcher used regression for time series analysis in analyzing the data from 1999-2018. The paper is divided into three sections with the first section covering the introduction; the second section is theoretical framework. Data analysis and presentation of findings formed the third section. The researcher finally concluded the paper by giving some suggestions in lieu of the findings.

Open Data and High-Tech Startups Towards Nascent Entrepreneurship Strategies

2019 ◽  
pp. 471-482
Author(s):  
Fotis Kitsios ◽  
Maria Kamariotou
Keyword(s):  
Economic Growth ◽  
Open Data ◽  
Theoretical Framework ◽  
High Tech ◽  
Nascent Entrepreneurs ◽  
Nascent Entrepreneurship ◽  
The Impact

Open data are freely accessible online, available to be reused. They can be used for the development of applications which improve citizens' lives. A way to boost the development of innovative applications is by hosting hackathons, workshops, and conferences. Apparently, as far as entrepreneurship, open data impact economic growth, innovation, empowerment, and new or improved products and services. There is limited previous research not only on what motivates the developers to participate in open data competitions, but also on the benefits and challenges which are caused from the use of open data. Furthermore, researches focus on factors that affect nascent entrepreneurs' decisions to create a startup, but research in the field of open data and hackathons are limited. The purpose of this chapter is to present a theoretical framework in order to examine the impact of motivations, benefits, and barriers of the use of open data in the participation in hackathons and to develop a startup based on their applications.

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