Treatment after Pollution?

2021 ◽  
pp. 0958305X2110532
Author(s):  
Tsangyao Chang ◽  
Yu-Cheng Chang ◽  
Tei-Ying Liu ◽  
Chi-Wei Su ◽  
Mei-Chih Wang
Keyword(s):  
Structural Breaks ◽  
Traffic Density ◽  
Promoting Effect ◽  
Causality Test ◽  
Whole Process ◽  
Key Factor ◽  
High Quantile ◽  
The Government ◽  
The Impact ◽  
Quantile Causality

The paper considers the causal relationship about CO2 emissions, traffic density and urbanization development in China's provinces by the quantile causality test The method can capture the structural breaks under different quantiles from the nonlinear perspective. The robust results don't find the causality relationship between traffic density and CO2 emissions. Urbanization will increase CO2 emission at the high quantile level while the impact of CO2 emissions on urbanization presents a symmetric relationship. The promoting effect of transportation on urbanization only occurs at the beginning of urbanization. It shows the environmental pollution is a key factor to the whole process of urbanization. With the advancement of urbanization, the increase of traffic line density has no significant impact on the urbanization process. The results can provide references for the government in the layout of local traffic lines and the improvement of urbanization.

scholarly journals Re-testing Wagner's Law: Structural breaks and disaggregated data for South Africa

2017 ◽  
Vol 9 (4(J)) ◽  
pp. 49-61
Author(s):  
Mthokozisi Mlilo ◽  
Matamela Netshikulwe
Keyword(s):  
South Africa ◽  
Structural Breaks ◽  
Government Expenditure ◽  
Active Role ◽  
Output Growth ◽  
Causality Test ◽  
Wagner’S Law ◽  
Education Expenditures ◽  
Wagner's Law ◽  
The Government

Direction of causality between government expenditure and output growth is pertinent for a developing country since a sizeable volume of economic resources is in the hands of the public sector. This paper investigates the Wagner's law in South Africa over the post-apartheid era, 1994-2015. This paper is unique to present studies since it uses disaggregated government expenditure and controls for structural breaks. The Granger non-causality test of Toda & Yamamoto, a superior technique compared to conventional Granger causality testing, is employed and this paper finds no support for Wagner's law. However, there is causality running from total government and education expenditures to output. This finding is in line with the Keynesian framework. It is recommended in the paper that the government should take an active role in promoting output growth through increases in education expenditures in particular.

scholarly journals Bank-Based Financial Development and Economic Growth: Time-Varying Causality Analysis for Egypt

2018 ◽  
Vol 10 (4) ◽  
pp. 123
Author(s):  
Amira Akl Ahmed
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Structural Breaks ◽  
Growth Time ◽  
Time Varying ◽  
Causality Analysis ◽  
Causality Test ◽  
Full Sample ◽  
Rolling Window ◽  
The Government

The bootstrap approach to Toda-Yamamoto (1995) modified causality test is applied in a rolling window of fixed size onto Egyptian data during 1960-2016 to examine time-varying links between economic growth (EG) and bank-based financial development (BBFD). Full sample results indicated the existence of unidirectional causality running from BBFD to EG, however; instability tests revealed the presence of structural breaks. Given the misleading inferences made using the full sample, the rolling window procedure is applied. Bidirectional time-varying causality between EG and BBFD was detected. Reasons behind declining the fraction of credit provided to private business sector to GDP in recent years include, mainly, credit crunch and expansion of credit to the government and partially to economic slowdown. Adoption of fiscal reforms and promotion of innovative financial tools suitable for the needs of small and medium-sized enterprises is highly recommended to enhance the role of banking system in promoting economic growth.

Acceptance of social innovation in Malaysia

2013 ◽  
Vol 23 (2) ◽  
pp. 222-236
Author(s):  
Maizatul Haizan Mahbob ◽  
Wan Idros Wan Sulaiman ◽  
Samsudin A. Rahim ◽  
Wan Azreena Wan Jaafar ◽  
Wan Sharazad Wan Sulaiman
Keyword(s):  
Social Innovation ◽  
Empirical Studies ◽  
Civil Servants ◽  
Public Employees ◽  
The People ◽  
Key Factor ◽  
On Line ◽  
The Government ◽  
Short Time ◽  
The Impact

Innovation is a key factor to bring about change. The government should formulate policies that are innovative to bring change to the nation. A government that enhances transformation, is a dynamic and progressive government. The Government Transformation Programme (GTP) in Malaysia, that is implemented in three phases started in 2010, is studied to examine how the programme is being accepted by the people. GTP is a programme that has never been implemented before. This programme emphasises more on performance and results of civil servants rather than budget spending. It also emphasises more accurately on planning. The aim is to produce high levels of accuracy and accountability of public employees and to provide rapid results in a short time as desired by the people. The 2011 GTP report showed that more than three million people have been positively impacted by this programme although it has only been implemented for two years. However, empirical studies found that people did not really feel the impact of the GTP programme. Although this programme was advocated through electronic and on-line media, many people still do not understand what is exactly the GTP and what are to be achieved through this programme.

scholarly journals Estimating Traffic Density, Trends and the Impact of BRT Construction on Traffic Junctions of Karachi Using Geospatial Techniques

2020 ◽  
Vol 10 (02) ◽  
Author(s):  
Imran Akbar
Keyword(s):  
Time Delays ◽  
Negative Impact ◽  
Well Being ◽  
Transport Infrastructure ◽  
Traffic Density ◽  
Transit System ◽  
Geospatial Techniques ◽  
Major Mode ◽  
The Government ◽  
The Impact

Everyone must commute on a daily basis to work, get educated, buy necessities, seek entertainment or visit friends and family. Thus, transport infrastructure has become an integral or most probably the most important aspect of urban design. Major cities of the world have a mass transit system or even multimodal transport system to cater for the transportation needs of their citizens. Karachi a mega polis city of approximately 23 million residents lacks a properly coordinated and well scheduled transportation mechanism. Therefore, its residents primarily rely on their own means to fulfill their commuting needs resulting in heavy traffics and very significant time delays on its roads. These time delays and rush hour frustrations in turn have a negative impact on the overall productivity and psychological and social well-being of the populace. The government has in recent years taken up this matter seriously and begun construction of Bus Rapid Transit systems along various major traffic corridors of Karachi. The purpose of this thesis was to study the change of traffic behavior in recent years, traffic density variations and the impact on transportation road might have along its corridors using geospatial techniques. The results of this study showed that daily average passenger commutes experienced an increase of approximately 58.4% from 2012 to 2017 and that major mode of transportation shifted from public transit vehicles to private ones specially motorcycles resulting in unfavorable occupancy to PCU ratio. This in turn has adversely affected the traffic density of the city. This congestion can only see some relief when the BRT becomes operational.

scholarly journals The COVID-19 Process and the Exchange Rate Relation: An Application on Turkey

2020 ◽  
Author(s):  
Eda Dineri ◽  
İbrahim Çütçü
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Structural Breaks ◽  
Health Problems ◽  
Cointegration Test ◽  
Causality Test ◽  
Economic Changes ◽  
The World ◽  
The Exchange Rate ◽  
The Impact

Abstract The recent shocks in supply and demand in the world are not due to unexpected economic reasons; in fact, they are related to Covid-19 that causes rapidly spreading global health problems and life threats around the world. While the global powers are dealing with the social problems created by Covid-19 pandemic, they should not neglect the economic changes created by this pandemic. The most important of these economic changes in developing countries with high fragility is exchange rates, because exchange rates can directly affect many macroeconomic variables, from inflation to foreign trade, from the balance of payments to interests. In countries with high fragility due to the effect of pandemic, economic uncertainty causes fluctuations in the exchange rate. Is the reason for the change in the exchange rate, the number of cases or economic risks that may occur due to possible health problems?In this study, the impact of the number of new cases and the number of new deaths for the process of Covid-19 pandemic on the exchange rate in Turkey is examined. The daily data consider the number of new cases, the number of new deaths and exchange rate for the period of 16.03.2020–06.05.2020. The first step of the analysis, the stationary of the series is tested by Lee and Strazicich (2003) unıt root test which allowed structural break. Hatemi-J (2008) Cointegration Test that allow two structural breaks and Hacker-Hatemi-J Bootstrap causality test are used in the analysis. In the results of the Hatemi- J (2008) cointegration test, there is a medium and long-term relationship, with under structural breaks between the number of new cases and the number of new deaths and the exchange rate. According to the results of the analysis, it can be concluded that the number of new cases and the number of new deaths have a significant effect on the exchange rate, causing uncertainty in the economy.JEL Classification: I19, F31, C22

The Impact of Infrastructure on Growth and Development

2017 ◽  
pp. 84-113 ◽  
Author(s):  
Bertha Z. Osei-Hwedie ◽  
Napoleon Kurantin
Keyword(s):  
Economic Growth ◽  
Road Transport ◽  
Transport Infrastructure ◽  
Infrastructure Development ◽  
External Financing ◽  
Key Factor ◽  
Vector Auto Regression ◽  
The Government ◽  
The Impact ◽  
Auto Regression

Infrastructure development is considered a key factor in promoting economic growth and attracting foreign investors for sustainable production and productivity. Conversely, inadequate levels of infrastructure constrain economic growth, a situation developing countries find themselves in. This requires the government to invest in infrastructure supplemented by external financing. This chapter, therefore, discusses how levels of infrastructure development affect economic growth in Ghana, since 1986 to date. The focus is on road transport infrastructure and its impact on economic growth under successive Ghanaian governments. Using the Cobb-Douglas production function and Vector Auto-regression (VAR) approach our analysis shows a positive relationship between infrastructure development and economic growth. This explains governments' improved allocation and expenditure on infrastructure development and maintenance in the 2000s. Ghana governments' attempts to plan and prioritize development of infrastructure, roads in particular, and create a culture of maintenance are targeted at raising the country's competitiveness and attractiveness to foster growth of all sectors of the economy.

scholarly journals The Impact of Bank Credits on the Manufacturing Sector in Nigeria (1980-2015)

2019 ◽  
pp. 1-18
Author(s):  
Otubu, Osaretin Paul
Keyword(s):  
Error Correction ◽  
Granger Causality ◽  
Positive Impact ◽  
Manufacturing Sector ◽  
Error Correction Model ◽  
Ordinary Least Squares ◽  
Causality Test ◽  
Correction Model ◽  
The Government ◽  
The Impact

The study examined the impact of bank credits on the manufacturing sector in Nigeria from 1980 to 2015. The broad objective of the study is to examine the impact of bank credits on the manufacturing sector in Nigeria between 1980 and 2015. The econometrics methods of ordinary least squares, co-integration, error correction model and granger causality test were used as the main analytical tools. From the estimated error correction model, we found that bank credits to the manufacturing sector had a positive impact on the manufacturing sector output. Government expenditure, gross capital formation and tertiary school enrolment conforms to apriori expectation. A bank credit was found to be necessary for influencing or boosting manufacturing sector output. In addition, the granger causality result reveals that there is causal relationship between bank credits and manufacturing sector output in Nigeria. It is therefore recommended that the cost of borrowing should be reduced, and relevant authorities should maintain a sustained effort aimed at making sure that banks strictly comply with the credit concession granted to the manufacturing sector, and the government should provide social amenities and conducive environment for industrialization.

scholarly journals The consequences of the Cuban embargo escalation driven by the impact of the coronavirus pandemic on the global economy

2021 ◽  
Vol 8 (4) ◽  
pp. 9-24
Author(s):  
J. L. Rodríguez
Keyword(s):  
Global Economy ◽  
Negative Impact ◽  
Foreign Direct Investments ◽  
Capital Investments ◽  
Government Program ◽  
Monetary Regime ◽  
The World ◽  
Key Factor ◽  
The Government ◽  
The Impact

The world economy is facing an unprecedented crisis. The COVID-19 pandemic demonstrated the real scale of the imminent crisis of neoliberal model, accelerating its development and aggravating its consequences. The situation in the global economy had a negative impact on the Cuban economy, especially since it coincided with tightening of economic embargo by Donald Trump Administration against Cuba launched more than 60 years ago. This article provides a preliminary assessment of the consequences of the crisis bearing in mind that the damage will depend upon duration and intensity of the pandemic around the world. Given the open nature of the Cuban economy, the estimates are based on the projected dynamics of the global economy. In the first part of the article the author, relying on extensive statistics, analyzes international context in which the economic situation in Cuba is developing, as well as the key obstacles to the country’s economic development. Further on, the author examines in detail the course of COVID-19 pandemic development in the country, assessing key peculiarities of the government program to combat the virus. The author also makes a detailed analysis of the government program for economic recovery and development, paying specific attention to the peculiarities of the monetary regime in force in Cuba. In the final part of the article the author provides an analysis of the main priorities of the government at the present stage, namely, increasing foreign exchange earnings, food production and improving the efficiency of capital investments, especially foreign direct investments. The author concludes that the key factor for Cuba development will be the effectiveness of application of the economic policy approved by the government and promptness of the reforms that are required to overcome existing obstacles.

scholarly journals Re-testing Wagner’s Law: Structural breaks and disaggregated data for South Africa

2017 ◽  
Vol 9 (4) ◽  
pp. 49
Author(s):  
Mthokozisi Mlilo ◽  
Matamela Netshikulwe
Keyword(s):  
South Africa ◽  
Structural Breaks ◽  
Government Expenditure ◽  
Active Role ◽  
Output Growth ◽  
Causality Test ◽  
Wagner’S Law ◽  
Education Expenditures ◽  
Wagner's Law ◽  
The Government

Direction of causality between government expenditure and output growth is pertinent for a developing country since a sizeable volume of economic resources is in the hands of the public sector. This paper investigates the Wagner's law in South Africa over the post-apartheid era, 1994-2015. This paper is unique to present studies since it uses disaggregated government expenditure and controls for structural breaks. The Granger non-causality test of Toda & Yamamoto, a superior technique compared to conventional Granger causality testing, is employed and this paper finds no support for Wagner's law. However, there is causality running from total government and education expenditures to output. This finding is in line with the Keynesian framework. It is recommended in the paper that the government should take an active role in promoting output growth through increases in education expenditures in particular.

Is Fiscal Deficit Essential for Stimulating Economic Growth in Developing Economies? Theory and Empirical Evidence from India

2021 ◽  
Keyword(s):  
Economic Growth ◽  
Developing Economies ◽  
Negative Impact ◽  
Gdp Growth ◽  
Fiscal Deficit ◽  
Causality Test ◽  
Long Run ◽  
Integration Test ◽  
The Government ◽  
The Impact

The primary purpose of this paper was to assess the impact of fiscal deficit on the economic growth of the Indian economy and find out the causality between fiscal deficit and economic growth from 1981-82 to 2019-20. To analyse the long-run relationship between the variables Johansen Co-integration test was used; after verifying the existence of long-run relationship among variables, the Vector Error Correction Model (VECM) was used, and the Granger Causality test was also used for investigating the direction of causality between pair of variables. The findings of the study supported the ideology of classical economists in which they neglected the government intervention for the growth and development of an economy. The results showed that in long run, fiscal deficit had a significant negative impact on economic growth as one percent increase in fiscal deficit demoted the GDP growth rate by 0.075 percent, whereas in the short run, the impact was also found negative, but it was significant only one lag. Simultaneously, there was unidirectional causality found from fiscal deficit to GDP growth.

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