Cultural, Political, and Economic Factors Affecting the Incentive to Do Business in BRICS Countries

2018 ◽  
Vol 17 (5-6) ◽  
pp. 501-515
Author(s):  
Prathibha Joshi ◽  
Kris Aaron Beck
Keyword(s):  
Human Development ◽  
Economic Freedom ◽  
National Income ◽  
Political Freedom ◽  
The Political ◽  
Economic Factors ◽  
Factors Affecting ◽  
Political Risks ◽  
Brics Countries ◽  
The Impact

AbstractThe BRICS (Brazil, Russia, India, China, and South Africa) countries generally offer some of the best opportunities for successful investment. We therefore examine the factors that encourage or discourage foreign direct investment (FDI) in these BRICS countries. Some similar studies have evaluated the impact of economic risks on investment; fewer studies have explored the political risks associated with investing or how human development within a country can alter the decision to invest. Our innovation is to look at all of these factors, and hence we investigate how domestic economic growth, measures of economic freedom, degrees of political freedom, cultural factors, and levels of human development influence the likelihood of investment in BRICS countries. We find that economic freedom and urbanization are insignificant, but that GDP, political freedom, gross national income, and secondary education all are significant and positive; cellphone subscriptions show negative and significant results.

Political Regimes, Economic Freedom, Institutions and Growth

2001 ◽  
Vol 19 (1) ◽  
pp. 3-21 ◽  
Author(s):  
Abdiweli M. Ali ◽  
W. Mark Crain
Keyword(s):  
Economic Growth ◽  
Economic Freedom ◽  
Civil Liberty ◽  
Political Freedom ◽  
Political Regime ◽  
The Political ◽  
Political Systems ◽  
Empirical Results ◽  
Democratic Regimes ◽  
The Impact

Abstract The impact of political systems on economic growth cannot be understood solely in terms of a simple distinction between democratic and non-democratic regimes. The democratic character of the political regime may be irrelevant when economic freedom is assessed independently from political freedom and civil liberty. This paper uses newly constructed measures of economic freedom by Gwartney-Lawson-Block [1996]. The empirical results of this paper show that economic freedom contributes to economic growth irrespective of the nature of the political regime. The empirical results also indicate that the effect of democracy on economic growth is ambiguous at best. Nonetheless, democracy may have some effect on economic growth, operating indirectly through the investment channel.

scholarly journals Macroeconomic Characteristics of Tourism Economy in the Republic of Tunisia

REGIONOLOGY ◽  
2019 ◽  
pp. 224-245
Author(s):  
Marina A. Zhulina ◽  
Vyacheslav M. Kitsis ◽  
Svetlana V. Saraykina
Keyword(s):  
Negative Impact ◽  
Comparative Method ◽  
International Tourism ◽  
The Political ◽  
Factors Affecting ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Republic ◽  
Tourism Economy ◽  
The Impact

Introduction. Tourism is a dynamic, constantly developing sector of the economy. Tourism economy develops along with the society, recreation and tourism. The purpose of the article is to show the features of the impact of tourism on the national economy using the case of Tunisia. The experience of Tunisia is especially useful for the countries where beach recreation has developed and where the political situation has remained difficult for a long time (Egypt, Turkey, Thailand, etc.). Materials and Methods. The article is based on the statistical data provided by the World Tourism Organization, the World Data Atlas and open Internet sources. The study employed general scientific methods (analysis, synthesis, synthesis, comparison, etc.) and special ones (the methods of mathematical statistics, the graphical method, the comparative method, etc.). Results. For the first time, the article has provided a fairly complete description of the macroeconomic indicators characterizing the level of development of international tourism in Tunisia. The article has analyzed the dynamics of inbound and outbound tourism, discussed the factors affecting the volume of international tourism, considered international tourism expenditures and revenues, which to a large extent have a positive or negative impact on the country’s balance of payments. The trends in the development of international tourism in Tunisia have been revealed and the problems facing the industry have been identified. Discussion and Conclusion. The research has revealed that tourism economy largely depends on the political and economic processes taking place in the country. The current level of macroeconomic indicators of tourism economy in Tunisia lags behind the 2008–2009 figures. The results of the study made it possible to assess the current state of international tourism and make a number of suggestions aimed at increasing the level of development of international tourism in the country. The results of the study can contribute to the development of a program aimed to boost tourism economy in Tunisia, one of the key tasks of which should be that of increasing performance at the macro-level.

scholarly journals Achieving Sustainable And Inclusive Economic Growth In Latin America: National Development During The Commodity Boom

2020 ◽  
Vol 9 (1) ◽  
Author(s):  
David R. Mares
Keyword(s):  
Income Inequality ◽  
Latin American ◽  
National Development ◽  
The Political ◽  
Economic Factors ◽  
Economic Determinants ◽  
Resource Wealth ◽  
America Latina ◽  
Political Economic ◽  
The Impact

ABSTRACTThis article examines how government policy affects the sustainability and inclusiveness of national development after the boom. The impact of the latest commodity boom (2003-2014) on the sustainability and inclusiveness of Latin American national development varies, but not by whether governments were ideologically left. I present the economic results of the commodity boom for the major Latin American countries, followed by the social results as measured by the reduction in poverty rates and income inequality. I examine potential countervailing economic factors that could mitigate the importance of the political economic determinants of the use of resource wealth. Finding the countervailing economic factors inadequate to explain the variation in social results, I propose that the political economy of linking resource wealth with economic and social outcomes is the key determinant. I conclude the paper with a discussion of current challenges post-commodity boom.Keywords: Commodity Boom; Poverty; Income Inequality. RESUMOEste artigo examina como a política do governo afeta a sustentabilidade e a inclusão do desenvolvimento nacional após o boom. O impacto do último boom das commodities (2003-2014) na sustentabilidade e inclusão do desenvolvimento nacional da América Latina varia, mas não pelo fato de os governos serem ideologicamente de esquerda. Apresento os resultados econômicos do boom das commodities para os principais países da América Latina, seguidos pelos resultados sociais medidos pela redução das taxas de pobreza e desigualdade de renda. Examino os possíveis fatores econômicos compensatórios que podem mitigar a importância dos determinantes político-econômicos do uso de recursos financeiros. Considerando os fatores econômicos compensadores inadequados para explicar a variação nos resultados sociais, proponho que a economia política de vincular os recursos financeiros a resultados econômicos e sociais seja o principal determinante. Concluo o artigo com uma discussão dos desafios atuais do pós boom das commodities.Palavras-chaves: Boom de Commodities; Pobreza; Desigualdade De Renda.

MILTON FRIEDMAN IN CHILE: SHOCK THERAPY, ECONOMIC FREEDOM, AND EXCHANGE RATES

2020 ◽  
Vol 42 (1) ◽  
pp. 105-132 ◽  
Author(s):  
Sebastian Edwards ◽  
Leonidas Montes
Keyword(s):  
At Risk ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Economic Freedom ◽  
Shock Therapy ◽  
Economic Liberalization ◽  
Political Freedom ◽  
The Political ◽  
Milton Friedman ◽  
The World

We analyze Milton Friedman’s two visits to Chile, in March 1975 and November 1981. We rely on a number of sources, including Friedman’s archives, press archives in Chile and the rest of the world, interviews, and the papers and recollections of some of those who accompanied Friedman during his meeting with Pinochet. Although Friedman’s 1975 visit has been widely discussed, his 1981 visit has been largely neglected. However, this visit was particularly important as it preceded a severe currency and banking crisis, stemming from an overvalued fixed exchange rate. The crisis put at risk the influence of the “Chicago Boys” and the political and economic liberalization process. We analyze Friedman’s views regarding Chile’s pegged exchange rate strategy followed between 1979 and 1982, and his position on economic and political freedom.

Political risks and financial markets: emerging vs developed economies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bechir Ben Ghozzi ◽  
Hasna Chaibi
Keyword(s):  
Stock Market ◽  
Financial Markets ◽  
Political Risk ◽  
The Political ◽  
Arch Model ◽  
Excess Returns ◽  
Market Returns ◽  
Content Type ◽  
Political Risks ◽  
The Impact

PurposeThe authors provide a comparative analysis between emerging and developed financial markets in terms of the effects of political risks on stock market returns and volatility. The authors also examine whether this impact depends on the nature of political risks. Therefore, this study aims to detect which financial markets are the most profitable and the riskiest in terms of political risks.Design/methodology/approachThe authors investigate the impact of political risks on the excess stock market return and its conditional volatility using the generalized ARCH model for a sample of 46 developed and emerging markets over a period ranging from 1995 to 2019. In order to test how the nature of political risks affects equity excess returns and volatility differently in different markets, the authors employ (1) a composite political risk score, (2) the four subgroups of political risks as defined by Bekaert et al. (2005, 2014) and (3) the individual dimensions of political risks.FindingsThe findings indicate that the composite political risk is priced into both stock markets. The effect of political risks is positive for excess returns and negative for volatility. The authors show that the political risk leads to more volatility in developed markets. Nevertheless, the effect of individual components varies according to the market category.Practical implicationsThe authors provide a framework for predicting market returns and volatility using changes in the political risk of the country. The findings help investors make investment decisions based on the political decisions of governments. In other words, investors should consider political uncertainty when determining their expected earnings.Originality/valueThe authors engage monthly panel data methodology in terms of the political risk stock market relationship. In addition, the authors consider recent and very long data covering the period 1995–2019. Furthermore, this study combines three various political risk measures, and both equity returns and volatility.

scholarly journals Global Indicators of Sustainable Development: Evaluation of the Influence of the Human Development Index on Consumption and Quality of Energy

Energies ◽  
2020 ◽  
Vol 13 (11) ◽  
pp. 2768 ◽  
Author(s):  
Alexei Yumashev ◽  
Beata Ślusarczyk ◽  
Sergey Kondrashev ◽  
Alexey Mikhaylov
Keyword(s):  
Sustainable Development ◽  
Energy Consumption ◽  
Human Development ◽  
Human Development Index ◽  
National Income ◽  
Clean Energy ◽  
Total Energy Consumption ◽  
Development Index ◽  
Study Results ◽  
The Impact

The article explores the impact of the quality and volume of energy consumption of the population on the human development index using a sample of a number of countries as an example. The hypothesis concerning the relationship between the amount of energy consumed, the human development index (HDI), and the environment (CO2 emissions into the atmosphere) has been verified. The study results show that the size and rating of the HDI are influenced by such factors as urbanization growth, gross domestic product (GDP), gross national income (GNI) per capita, the share of “clean” energy consumption by the population and business in total energy consumption, the level of socio-economic development, and R&D expenses. In the course of building the model, the recommendations by the United Nations (UN) and the Organization for Economic Co-operation and Development (OECD) were used. The results show that the volume of energy consumption not only affects the human development index in a particular country, but is also an important factor in determining the level of sustainable development. The results, obtained in the course of the study and described in the article, may be applicable in the practice of research related to the assessment of human development and sustainable development.

HIV/AIDS and Economic Development: Evidence from Thirty-Nine Sub-Saharan Countries

2008 ◽  
Vol 7 (2) ◽  
pp. 151-173
Author(s):  
Jennifer Kahende ◽  
Irving Hoch
Keyword(s):  
Economic Development ◽  
Political Freedom ◽  
Reciprocal Relation ◽  
Female Education ◽  
African Countries ◽  
Factors Affecting ◽  
Sub Saharan ◽  
Negative Impacts ◽  
The Impact ◽  
Hiv Aids

AbstractThis paper (1) examines whether there is a bilateral relationship between HIV/AIDS and economic development; (2) estimates the impact of HIV/AIDS on economic development; and (3) identifies some of the factors affecting the spread of HIV/AIDS. Analyses are based on data from 39 sub-Saharan African countries for the period 1989-1998. HIV/AIDS negatively impacted economic development, with no evidence of a reciprocal relation. Expenditures on health and education as well as political freedom had positive impacts on development, but negative impacts on HIV/AIDS incidence. Expenditures on female education impacted development and HIV/AIDS incidence.

scholarly journals Socio-Economic Factors Affecting the Regional Spread and Out-break of COVID-19 in China

2021 ◽  
Author(s):  
Liren Yang ◽  
Cuifang Qi ◽  
Zixuan Yang ◽  
Li Shang ◽  
Guilan Xie ◽  
...  
Keyword(s):  
Data Analysis ◽  
Linear Regression ◽  
Urban Population ◽  
Economic Factors ◽  
Wuhan City ◽  
Factors Affecting ◽  
Second Stage ◽  
Imported Cases ◽  
The Impact ◽  
Socio Economic Factors

Background: This study investigated the impact of socio-economic factors on the spread and outbreak of COVID-19 based on Chinese data. Methods: Cumulative confirmed cases were collected and divided into the First-stage cases cluster dominated by imported cases, and the Second-stage cases cluster dominated by secondary cases, according to the time of emergency state and Wuhan city lockdown. The linear regression was used for data analysis. Results: A total of 12,877 cases in 30 provinces were analyzed in the study. The First-stage cases cluster included 675 cases and Second-stage cases cluster included 12,202 cases. The socio-economic factors were significantly associated with the cases (P<0.05). The GDP and proportion of population moving out of Wuhan were associate with the First-stage dominated by imported cases (b>0, P<0.05). The First-stage cases cluster, proportion of population moving out of Wuhan and urban population were associate with the Second-stage dominated by secondary cases (b>0, P<0.05). Conclusion: Socio-economic factors had impacts on the spread and outbreak of COVID-19. The combination of different socio-economic indicators at different stages of the epidemic may help control the epidemic.

scholarly journals PENGARUH ECONOMIC FREEDOM DAN PENDAPATAN PER KAPITA TERHADAP INDEKS PEMBANGUNAN MANUSIA

Media Ekonomi ◽  
2014 ◽  
Vol 22 (2) ◽  
pp. 171
Author(s):  
Agustina Suparyati
Keyword(s):  
Human Development ◽  
Human Development Index ◽  
Economic Freedom ◽  
Local Development ◽  
National Income ◽  
Analysis Method ◽  
Income Per Capita ◽  
Per Capita ◽  
Development Group ◽  
Very High

<p>This study aims to determine the effect of economic freedom and national income per capita of the human development index. Countries will be classified into 4 groups according to the classification in the HDI are very high human development (with an HDI of 0788 or above), high human development (with an HDI of 0677 to 0.784), medium human development (HDI of 0488-0669), and low human development (HDI of less than 0488). The analysis method used in this study is a model of data panel to investigate the influence of Economic Freedom and Income per capita of the HDI. The results showed that for the group of countries very high human local development per capita income is only significant effect on the HDI, for the group of countries High human development and medium human development only economic freedom that affects the HDI, while the low human development group showed that income per capita and Economic Freedom does not affect the HDI.</p>

scholarly journals Afterword: Key questions for thought and action

2018 ◽  
Vol 26 ◽  
pp. 55
Author(s):  
Lorin W. Anderson
Keyword(s):  
Evaluation Studies ◽  
Evaluation Process ◽  
Decision Makers ◽  
The Political ◽  
Economic Factors ◽  
Technical Quality ◽  
Special Issue ◽  
Factors Affecting ◽  
Stakeholder Groups ◽  
Key Questions

In this summary article, six recommendations for the design, implementation, and interpretation of educational evaluations are presented and discussed. These recommendations are based on common “threads” that run through most, if not all, of the papers included in this special issue. The recommendations concern (1) the need for awareness of the political, societal, cultural, and economic factors affecting evaluation studies; (2) the importance of knowing and understanding the stakeholder groups; (3) the need to ensure that the purposes of the evaluation are explicit and clear; (4) the importance of allowing flexibility in the implementation of the evaluation when needed to account for issues that arise during the evaluation process; (5) the need to ensure that the data gathered as part of the evaluation process are of the highest technical quality possible; and the (6) importance of ensuring that the results of the evaluation are interpreted correctly and well understood by stakeholders and decision makers.

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