scholarly journals Ethnic Diversity and Economic Performance

2005 ◽  
Vol 43 (3) ◽  
pp. 762-800 ◽  
Author(s):  
Alberto Alesina ◽  
Eliana La Ferrara
Keyword(s):  
Developing Countries ◽  
Ethnic Identity ◽  
Organizational Structure ◽  
Economic Performance ◽  
Ethnic Diversity ◽  
Developed Countries ◽  
Economic Policies ◽  
Negative Effects ◽  
Endogenous Formation ◽  
Open Issues

We survey and assess the literature on the positive and negative effects of ethnic diversity on economic policies and outcomes. Our focus is on communities of different size and organizational structure, such as countries, cities in developed countries, and villages and groups in developing countries. We also consider the endogenous formation of political jurisdictions and highlight several open issues in need of further research, in particular the endogenous formation of ethnic identity and the measurement of ethnic diversity.

Macroeconomics of money laundering: effects and measurements

2017 ◽  
Vol 24 (1) ◽  
pp. 65-81 ◽  
Author(s):  
Nella Hendriyetty ◽  
Bhajan S. Grewal
Keyword(s):  
Developing Countries ◽  
Money Laundering ◽  
Tax Evasion ◽  
Developed Countries ◽  
Tax Revenue ◽  
Negative Effects ◽  
Policy Makers ◽  
Content Type ◽  
Macroeconomic Conditions ◽  
Illicit Flows

Purpose The purpose of this paper is to review studies focusing on the magnitude of money laundering and their effects on a country’s economy. The relevant concepts are identified on the basis of discussions in the literature by prominent scholars and policy makers. There are three main objectives in this review: first, to discuss the effects of money laundering on a country’s macro-economy; second, to seek measurements from other scholars; and finally, to seek previous findings about the magnitude and the flows of money laundering. Design/methodology/approach In the first part, this paper outlines the effects of money laundering on macroeconomic conditions of a country, and then the second part reviews the literature that measures the magnitude of money laundering from an economic perspective. Findings Money laundering affects a country’s economy by increasing shadow economy and criminal activities, illicit flows and impeding tax collection. To minimise these negative effects, it is necessary to quantify the magnitude of money laundering relative to economic conditions to identify the most vulnerable aspects of money laundering in a country. Two approaches are used in this study: the first is the capital flight approach, as money laundering will cause flows of money between countries; the second is the economic approach for measuring money laundering through economic variables (e.g. tax revenue, underground economy and income generated by criminals) separately from tax evasion. Originality/value The paper offers new insights for the measurement of money laundering, especially for developing countries. Most methods in quantifying money laundering have focused on developed countries, which are less applicable to developing countries.

The Impact of Corruption on Entrepreneurship

2015 ◽  
pp. 1-13
Author(s):  
Gil Avnimelech ◽  
Yaron Zelekha
Keyword(s):  
Developing Countries ◽  
Literature Review ◽  
Negative Impact ◽  
Developed Countries ◽  
Entrepreneurial Activity ◽  
Negative Effects ◽  
Societal Costs ◽  
Present Evidence ◽  
Growing Body ◽  
The Impact

There is a consensus that corruption may result in high societal costs. A growing body of research reveals the negative effects of corruption on a variety of economic indicators. This chapter presents a literature review on the impact of corruption on entrepreneurship. It allows us to suggest that one of the transition channels through which corruption has impacted growth is entrepreneurship. The main channels in which corruption impacts entrepreneurship is through reduced incentives for entrepreneurial activity and reduced trust within the system. The authors present evidence that the negative impact of an incremental increase in the level of corruption on entrepreneurship is more harmful in developed countries than in developing countries. Thus, they stress the need for more research in this area with the aim of establishing appropriate frameworks for the fight of corruption in both developing and developed countries and suggest significant gains from anti-corruption efforts, especially in developed countries.

Sustainable Consumption Trends in the World in the Context of Green Economy and Sustainability

2017 ◽  
pp. 1605-1624
Author(s):  
Seda Yıldırım ◽  
Durmuş Çağrı Yıldırım ◽  
Ayfer Gedikli
Keyword(s):  
Sustainable Development ◽  
Economic Performance ◽  
Growth And Development ◽  
Sustainable Consumption ◽  
Life Quality ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Green Economy ◽  
Economic Policies ◽  
The World

Nowadays, sustainable growth and development are main economic policies for the countries all over the world. Decreasing natural resources, deepening environmental pollution and global warming problems are red alert of our planet. Every single country on the earth has the responsibility to protect our planet. So, increasing environmental awareness caused new tendencies in consumer behaviors. Countries aim not to pollute or harm the environment while improving their economic performance and life quality by green economy. Besides, by sustainable consumption, it is aimed to support personal sustainable development. In this context, sustainable consumption trends and the reflections of green economy applications in the world will be discussed in this chapter. In addition, developed countries and developing countries will be compared with each other through results of global ecological footprint.

Superior economic performance in developed and developing countries

2017 ◽  
Vol 12 (1) ◽  
pp. 93-107 ◽  
Author(s):  
Sandra Ruiz ◽  
Paulo Arvate ◽  
Wlamir Xavier
Keyword(s):  
Developing Countries ◽  
Economic Performance ◽  
Probit Model ◽  
Developed Countries ◽  
Competitive Advantages ◽  
Content Type ◽  
Significant Difference ◽  
Kolmogorov Smirnov ◽  
The Difference ◽  
Using Data

Purpose The extant literature on emerging economies states that the development of the institutional context contributes to the creation of hypercompetitive conditions. The purpose of this paper is to test this assertion by using data from both developing and developed countries. Design/methodology/approach The study used a probit model, Kolmogorov Smirnov tests and propensity score matching to determine the difference in persistent superior economic performance. Panel data from 600 firms in 26 different countries were used for the period from 1995 to 2011. Findings The empirical results support the proposition that there is a significant difference in superior economic performance and persistent superior economic performance sustainability between firms in developed and developing countries. Originality/value This study contributes by fostering other theories related to competitive advantages and giving special emphasis to the comparison between developed and developing countries.

scholarly journals Artificial Intelligence, Globalization, and Strategies for Economic Development

2021 ◽  
pp. 1-53
Author(s):  
Anton Korinek ◽  
Joseph Stiglitz
Keyword(s):  
Artificial Intelligence ◽  
Developing Countries ◽  
New Technologies ◽  
Developed Countries ◽  
Economic Policies ◽  
Resource Saving ◽  
Technological Advances ◽  
Poverty And Inequality ◽  
Past Half Century ◽  
Winner Takes All

Progress in artificial intelligence and related forms of automation technologies threatens to reverse the gains that developing countries and emerging markets have experienced from integrating into the world economy over the past half century, aggravating poverty and inequality. The new technologies have the tendency to be labor-saving, resource-saving, and to give rise to winner-takes-all dynamics that advantage developed countries. We analyze the economic forces behind these developments and describe economic policies that would mitigate the adverse effects on developing and emerging economies while leveraging the potential gains from technological advances. We also describe reforms to our global system of economic governance that would share the benefits of AI more widely with developing countries.

scholarly journals Stock Prices and Exchange Rates: Are they Related? Evidence from South Asian Countries

2002 ◽  
Vol 41 (4II) ◽  
pp. 535-550 ◽  
Author(s):  
Naeem Muhammad ◽  
Abdul Rasheed
Keyword(s):  
Developing Countries ◽  
Exchange Rates ◽  
Stock Prices ◽  
Stock Markets ◽  
Negative Relationship ◽  
Developed Countries ◽  
Empirical Literature ◽  
Economic Policies ◽  
Foreign Portfolio Investment ◽  
The Developed Countries

The issue of whether stock prices and exchange rates are related or not has received considerable attention after the East Asian crisis. During the crisis the countries affected saw turmoil in both currency and stock markets. If stock prices and exchange rates are related and the causation runs from exchange rates to stock prices, then the crisis in the stock markets can be prevented by controlling the exchange rates. Moreover, developing countries can exploit such a link to attract/stimulate foreign portfolio investment in their own countries. Similarly, if the causation runs from stock prices to exchange rates then authorities can focus on domestic economic policies to stabilise the stock market. If the two markets/prices are related then investors can use this information to predict the behaviour of one market using the information on other market.1 Most of the empirical literature that has examined the stock prices-exchange rate relationship has focused on examining this relationship for the developed countries with very little attention on the developing countries. The results of these studies are, however, inconclusive. Some studies have found a significant positive relationship between stock prices and exchange rates [for instance Smith (1992); Solnik (1987) and Aggarwal (1981)] while others have reported a significant negative relationship between the two [e.g., Soenen and Hennigar (1998)]. On the other hand, there are some studies that have found very weak or no association between stock prices and exchange rates [for instance, Franck and Young (1972); Bartov and Bodnor (1994)].

The Impact of Corruption on Entrepreneurship

2015 ◽  
pp. 282-294
Author(s):  
Gil Avnimelech ◽  
Yaron Zelekha
Keyword(s):  
Developing Countries ◽  
Literature Review ◽  
Negative Impact ◽  
Developed Countries ◽  
Entrepreneurial Activity ◽  
Negative Effects ◽  
Societal Costs ◽  
Present Evidence ◽  
Growing Body ◽  
The Impact

There is a consensus that corruption may result in high societal costs. A growing body of research reveals the negative effects of corruption on a variety of economic indicators. This chapter presents a literature review on the impact of corruption on entrepreneurship. It allows us to suggest that one of the transition channels through which corruption has impacted growth is entrepreneurship. The main channels in which corruption impacts entrepreneurship is through reduced incentives for entrepreneurial activity and reduced trust within the system. The authors present evidence that the negative impact of an incremental increase in the level of corruption on entrepreneurship is more harmful in developed countries than in developing countries. Thus, they stress the need for more research in this area with the aim of establishing appropriate frameworks for the fight of corruption in both developing and developed countries and suggest significant gains from anti-corruption efforts, especially in developed countries.

scholarly journals Trends in innovation activities in manufacturing industries across development echelons

2017 ◽  
Vol 7 (6) ◽  
pp. 13
Author(s):  
Abdullah M. Khan
Keyword(s):  
Developing Countries ◽  
Ethnic Diversity ◽  
Patent Application ◽  
Trade Openness ◽  
Developed Countries ◽  
The United States ◽  
High Income ◽  
Manufacturing Industries ◽  
Innovation Activities ◽  
Level Data

<p>This empirical paper explores trends in innovation activities measured by a countries’ total patent application submission intensity relative to its population, and by analyzing U.S. granted patents data for cohorts of developed countries and developing countries. In addition to tabular and graphical analyses, I use a baseline regression model and a variant model thereof to assess the relative influence of a set of aggregate variables on innovation activities in eight manufacturing industries across two cohorts of countries (developed and developing) where each cohort contains eight individual countries. Eight industries included in this study are: Chemical, Petroleum, electrical and electronics equipment, machinery, pharmaceutical, plastic, computer, and textile. The cohort of developed countries includes Australia, Canada, Czech Republic, France, Italy, Poland, Switzerland, and the United States. The cohort of developing countries includes Brazil, China, India, Malaysia, Mexico, Russia, South Africa, and Turkey. Per regression results, ethnic diversity is a statistically significant positive determinant of innovation for all industry aggregate patent count for both high income and developing countries. Also, per capita electricity usage, R&amp;D expenditure as percent of GDP, and percent of population with internet access are three positive factors of innovation irrespective of industrial subsectors and position of a country in the development echelon. Interestingly, impact of ICT-services export is statistically significant and innovation boosting in developing countries in the cohort relative to countries in the cohort of developed countries. It also appears that trade openness served as a stronger stimulant of innovation activities for developing countries’ but not as much for the cohort of developed or high-income countries. This paper attempts to extend the literature on cross-country comparison of innovation activities by using two measures of innovation activities across developed and developing countries, and by analyzing both aggregate and sector-level data for eight manufacturing industries both graphically and utilizing panel regression models.  </p>

scholarly journals Trends in Tobacco Consumption – a Comparative Analysis of WHO European Region Countries

2020 ◽  
Vol 23 (2) ◽  
pp. 117-133
Author(s):  
Adam Mateusz Suchecki
Keyword(s):  
Developing Countries ◽  
Large Scale ◽  
Developed Countries ◽  
Tobacco Consumption ◽  
World Health ◽  
Negative Consequences ◽  
Negative Effects ◽  
Financial Policies ◽  
Nicotine Consumption ◽  
Health Organization

Tobacco consumption, as well as the consumption of any other psychoactive substances, lead to addictions, which is a serious problem that modern societies have to face. To reduce the negative consequences of nicotine consumption and to provide sustainable development, many governments, in both developed as well as developing countries, adopt policies to reduce tobacco production and consumption. For example, they implement various health programs to combat addiction, and they also provide appropriate financial and fiscal resolutions. Any actions taken at different decision-making levels are often bounded with economic and financial policies of a particular state, including fiscal policy. State interventionism concerning tobacco is most visible in developed countries such as the US, Canada, and European Union countries. Developing countries and Asian countries have also started to introduce regulations concerning tobacco consumption on a large scale in response to the negative effects of nicotinism. The main aim of the paper is to show consumption trends as well as the fiscal and price policies of tobacco products. The theoretical part is supplemented by data from reports and analyses presented by the World Health Organization (WHO).

scholarly journals Public and Private Savings of Selected Developing Countries in the First UN Development Decade

1976 ◽  
Vol 15 (4) ◽  
pp. 446-457
Author(s):  
Paul Jonas ◽  
Anjum Nasim
Keyword(s):  
Developing Countries ◽  
Developed Countries ◽  
World Population ◽  
Economic Policies ◽  
Public And Private ◽  
Development Decade ◽  
Low Incomes ◽  
Private Savings ◽  
Gross World Product ◽  
The Developed Countries

The developed countries contain about one-third of the world population and they produce more than 80 percent of Gross World Product (GWP). The remaining two-thirds of the population of our Globe who lives in Asia, Latin America and most of Africa produces less than 20 percent of the GWP. A small segment of the population of these countries is wealthy but the over¬whelming majority subsists on substandard incomes and is characterised by mass illiteracy, mal-nutrition, bad housing and lack of medical care. Because of these characteristics they have low productivity, which yields low level of income; low incomes, in turn, imply a small capacity to save resulting in an economic situation where there is barely a possibility to moblize resources for development. The question has often been raised: 'Is there way out for the developing countries' ? 1960s were declared as the First UN Development Decade and it was hoped that during these years the pre-conditions for a successful development would be established in various developing countries. The present study analyses data on public revenue, public expenditure, public savings and private savings for 12 selected developing countries pertaining to the years of the First U.N. Development Decade. The general conclusion that emerges from the study clearly suggests that with appropriate economic policies resources for development can be mobilized in the developing countries.

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