Economic Growth in Uttar Pradesh during the High Growth Regime in India

2012 ◽  
Vol 60 (3) ◽  
pp. 149-160
Author(s):  
Amarnath Tripathi
Keyword(s):  
Economic Growth ◽  
Uttar Pradesh ◽  
High Growth ◽  
Growth Regime

Is inflation targeting useful for economic growth?

2017 ◽  
pp. 62-74 ◽  
Author(s):  
P. Kartaev
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Test Performance ◽  
Inflation Targeting ◽  
Developing Economies ◽  
Empirical Studies ◽  
Growth Regime ◽  
Potential Channels

The paper presents an overview of studies of the effects of inflation targeting on long-term economic growth. We analyze the potential channels of influence, as well as modern empirical studies that test performance of these channels. We compare the effects of different variants of inflation targeting (strict and mixed). Based on the analysis recommendations on the choice of optimal (in terms of stimulating long-term growth) regime of monetary policy in developed and developing economies are formulated.

Rising or Constrained Power?

2010 ◽  
Author(s):  
Eswaran Sridharan
Keyword(s):  
Economic Growth ◽  
High Growth ◽  
The United States ◽  
Asia Pacific ◽  
Necessary Condition ◽  
Sufficient Condition ◽  
Economic Weight ◽  
Rising Power ◽  
Global Influence

This chapter analyses India’s prospects as a rising power by asking what kind of power India has the potential to be, given its military, economic, and institutional capacities and the economic and geostrategic constraints it faces. It argues that while sustained high growth is a necessary condition it is not a sufficient condition since economic growth does not necessarily convert smoothly into greater power. Due to such conversion problems India, like some other powers, might not be able to exercise commensurate regional, extra-regional, and global influence as might appear to follow from the revival of sustained high growth and increased economic weight. The more achievable and likely alternative is that of a coalitional or bridging power that can play the role of an effective partner in the security and other spheres to a range of powers, principally to the United States and in the Asia-Pacific and Indian Ocean regions.

scholarly journals Macroeconomics of growth

2019 ◽  
pp. 59-91
Author(s):  
Deepak Nayyar
Keyword(s):  
Economic Growth ◽  
Degrees Of Freedom ◽  
Policy Instruments ◽  
High Growth ◽  
Supply Side ◽  
Demand Side ◽  
Macroeconomic Policies ◽  
Government Deficits ◽  
Inflation Rates ◽  
Investment Growth

Economic growth over fifty years in the Asian-14 has been stunning. Investment and savings, which rose rapidly, were the main drivers of growth. Education was also a sustained driver of growth on the supply-side. From the demand-side, growth was primarily private-consumption-expenditure led and investment led. The interaction between the supply-side and the demand-side suggests a virtuous circle of cumulative causation, where rapid investment growth coincided in time with rapid export growth, leading to rapid GDP growth. In macroeconomic management, the successful countries did not follow orthodox prescriptions of balanced budgets and price stability. Their primary macroeconomic objectives were economic growth and employment creation. Their macroeconomic policies were also more versatile in their use of policy instruments. Their success in maintaining high growth rates increased their degrees of freedom, which enabled them to finance government deficits and raise sustainable levels of government borrowing, while making higher inflation rates politically more acceptable, which would not have been possible if economic growth was slow.

scholarly journals Sumatera Utara: Pengembangan Potensi Daerah dalam Dikotomi Spasial dan Non Spasial

2020 ◽  
Vol 3 (2) ◽  
pp. 139-153
Author(s):  
Erika Sari Ginting
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
High Growth ◽  
Lake Area ◽  
Growth Region

North Sumatera is a province with various characteristics, both spatial and non -spatial. For many years there has been a debate about the large spatial gaps in development exist in North Sumatera. In this paper, the province is divided into four groups. The allocation of a regency into a group based on two dichotomies. Firstly, the spatial dichotomy between the regencies near Lake Toba and outside the lake area. Secondly, the economic development dichotomy among the regions of North Sumatera. The method to determine high or low growth region was Typology Klassen. The result is two region near the Lake Toba are high growth regions, however five of them are still stated as low growth regions. Meanwhile, for the regions outside Lake Toba, six of them are high growth regions and eight of them are still in the low growth regions.  In order to improve the economic growth of every region, it is important to promote and develop strategic local.

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

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.

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

2014 ◽  
pp. 250-270 ◽  
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.

Azerbaijan

2017 ◽  
pp. 182-194
Author(s):  
Erdal Tanas Karagöl
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
Growth Rate ◽  
High Growth ◽  
High Growth Rate ◽  
Energy Resources ◽  
Sector Structure ◽  
Economic Relations ◽  
Economic Organizations

Azerbaijan has tried to show progress both politically and economically after it gained independency. It leaded fastest economic growth and the contribution to this transformation is having the advantages of energy resources. After declaring its independence, the sector structure has been modified and new employment areas have been formed causing a high growth rate. The country also has participated in international economic organizations to develop economic relations and cooperate with other countries.

High-Growth Entrepreneurship in the MENA Region

2018 ◽  
Vol 7 (1) ◽  
pp. 54-65
Author(s):  
Amir Manzoor
Keyword(s):  
Economic Growth ◽  
Young People ◽  
North Africa ◽  
Job Creation ◽  
High Growth ◽  
Entrepreneurial Ecosystem ◽  
Mena Region ◽  
Knowledge Based ◽  
Job Growth ◽  
Employment Needs

The development in the Middle East and North Africa (MENA) region is experiencing a crucial stage. How the region addresses the employment needs of its rapidly increasing population of young people will determine whether the MENA region will become one characterized by stable, knowledge-based economies that have dynamic working middle class. Entrepreneurship is considered vital to drive this transition of the region. However, not all types of entrepreneurship can contribute equally to increased economic growth and job creation. For these reasons, entrepreneurship literature shows a renewed focus on high-growth entrepreneurship. Increased high-growth entrepreneurship is expected to not only spur job growth but also act as a significant source of innovation and new investments. This article explores the entrepreneurial ecosystem of the MENA region. The chapter discusses various challenges and provides specific recommendations to boost high-growth entrepreneurship in the MENA region.

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