scholarly journals PRODUCING OR PLAYING? INVESTIGATING INTERNET INFLUENCE ON ECONOMIC GROWTH

2018 ◽  
Vol 6 ◽  
pp. 247-252
Author(s):  
Łukasz Konopielko ◽  
Oleksandr Demchenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Oecd Countries ◽  
Internet Usage ◽  
Gdp Per Capita ◽  
The Internet ◽  
Trade In Services ◽  
Positive Correlation ◽  
Internet Users ◽  
Per Capita

This paper is focused on determining the effects of increase in the Internet usage on economic development of two groups of countries: OECD and NON-OECD countries. Two separate Vector Autoregression models were used. The hypotheses were inspired by claims that GDP per capita and trade, including trade in services, have a positive correlation with Internet usage growth. The hypotheses were tested on a set of 26 OECD and 21 NON-OECD countries for a period of 20 years, from 1995 to 2015. Results of the paper do not confirm the existence of a direct positive correlation between GDP per capita and Internet users. For all countries, a direct comparison of the chosen variables show a negative correlation. For OECD countries, trade in services has a positive correlation with Internet usage growth, while for NON-OECD countries both trade and trade in services showed a positive correlation with Internet usage growth.

REDUCING INCOME INEQUALITY WHILE BOOSTING ECONOMIC GROWTH: CAN IT BE DONE? EVIDENCE FROM OECD COUNTRIES

2014 ◽  
Vol 59 (01) ◽  
pp. 1450001 ◽  
Author(s):  
PETER HOELLER ◽  
ISABELLE JOUMARD ◽  
ISABELL KOSKE
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Income Inequality ◽  
Oecd Countries ◽  
Gdp Per Capita ◽  
Labor Market Institutions ◽  
Policy Reforms ◽  
Market Institutions ◽  
Trade Off ◽  
Per Capita

This paper identifies inequality patterns across Organisation for Economic Co-operation and Development (OECD) countries and provides new analysis of their policy and non-policy drivers. One key finding is that education and anti-discrimination policies, well-designed labor market institutions and large and/or progressive tax and transfer systems can all reduce income inequality. On this basis, the paper identifies several policy reforms that could yield a double dividend in terms of boosting GDP per capita and reducing income inequality, and also flags other policy areas where reforms would entail a trade-off between both objectives.

scholarly journals The influence of demographic factors on the economic development of the Azerbaijan: the interconnection problem

2020 ◽  
Vol 10 (2) ◽  
Author(s):  
Saleh Nagiyev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
18Th Century ◽  
Demographic Factors ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
World Population ◽  
Per Capita ◽  
The Impact

Demographic factors have sometimes occupied center-stage in the discussion of the sources of economic growth. In the 18th century, Thomas Malthus made the pessimistic forecast that GDP growth per capita would fall due to a continued rapid increase in world population. There is a straightforward accounting relationship when identifying the sources of economic growth: Growth Rate of GDP = Growth Rate of Population + Growth Rate of GDP per capita, where GDP per capita is simply GDP divided by population. This article examines the interconnection between economic development and the demographic policy of Azerbaijan. The article analyzes various approaches of the impact of demographic factors on the economic development of a country. The following demographic factors have been identified and described as significant for the economic development: fertility dynamics, mortality dynamics, population size and gender and age structure.

Energy consumption and economic development in Guangdong, China: Distribution, relationship and causes

2021 ◽  
Author(s):  
Mengmeng Hu ◽  
Yafei Wang ◽  
Beicheng Xia ◽  
Guohe Huang
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Energy Consumption ◽  
Energy Intensity ◽  
Hot Spot ◽  
Generalized Method Of Moments ◽  
Gdp Per Capita ◽  
Per Capita ◽  
The Pearl River ◽  
Panel Vector Autoregression

Abstract Analysing the relationship between energy consumption and economic growth is essential to achieve the goal of sustainable development. We employ hot spot analysis to discover the spatial agglomeration of GDP per capita and energy intensity in Guangdong, China, from 2005–2018. Furthermore, panel vector autoregression coupled with a system generalized method of moments is performed to examine the dynamic causal relationship between energy consumption and economic growth under the framework of the Cobb-Douglas production function. Using a multivariate model and grouped studies based on the differences in regional economic development, we show that the GDP per capita of the Pearl River Delta (PRD) is significantly higher than that of the peripheral municipalities. However, energy intensity shows an entirely different spatial distribution. The development of the regional economy depends on its own “assembling effect”. GDP explains approximately 68.3% of the total variation in energy consumption in the PRD and only approximately 34.5% of that in the peripheral municipalities. We do not confirm Granger causality between energy consumption and economic development. Guangdong can decrease its energy consumption growth without substantially sacrificing its economic growth. The analysis framework of this paper has significant implications for regions in balancing economic development and energy consumption.

scholarly journals Has Albania's Economic Development Stalled? Investigating the Role of Institutional Factors in Albania's Economic Performance

2021 ◽  
Vol 10 (4) ◽  
pp. 114
Author(s):  
Myslym Osmani ◽  
Kledi Kodra ◽  
Drini Salko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Rule Of Law ◽  
Economic Performance ◽  
Institutional Factors ◽  
Gdp Per Capita ◽  
Relative Growth ◽  
The Rule Of Law ◽  
Per Capita

This study focuses on the institutional factors of Albania's economic development, from a comparative, dynamic, and regional European perspective. We use longitudinal data for the years 2002, 2014, and 2019 and a small selection of 13 countries in the region and some EU member states. Descriptive statistics, graphical representation, and econometric modeling are used for data analysis. The purpose of the study is to discuss, in real and comparative terms with the region and beyond, the economic growth of Albania based on the GDP per capita indicator, as well as to identify and evaluate dynamically the role of institutions in the country's development through important institutional factors, such as the effectiveness of government, rule of law, corruption, etc. The analysis shows that Albania's economic performance is weakover the last two decades. This is reflected in the insufficient relative growth of GDP per capita, the small increase in per capita income, and especially in the low increase in income for every 1% of relative growth. In these indicators, Albania continues to be consistently in the lowest positions in the region and beyond. The study highlights the strong link between economic growth and the effectiveness of government, the rule of law, and weak control over corruption. Improving corruption control by one unit in the range (-2.5 to 2.5) is expected to improve GDP per capita by an average of about 2.2 times. Improving the rule of law by one point is expected to improve GDP per capita on average by about 2.4 times. The country's sluggish economic performance is mainly attributed to weak institutions.   Received: 4 March 2021 / Accepted: 6 May 2021 / Published: 8 July 2021

scholarly journals Causality relationship between economic growth and environmental degradation. Case G-8

2021 ◽  
Vol 25 (111) ◽  
pp. 165-173
Author(s):  
Victor Quinde Rosales ◽  
Rina Bucaram Leverone ◽  
Martha Bueno Quinonez ◽  
Michelle Saldana Vargas
Keyword(s):  
Economic Growth ◽  
New York ◽  
Economic Development ◽  
Carbon Emissions ◽  
Environmental Kuznets Curve ◽  
Quarterly Journal ◽  
Gdp Per Capita ◽  
Kuznets Curve ◽  
Per Capita ◽  
Environment And Development

This article is an inductive argumentation and an empirical-analytical paradigm that evaluates the actual relationship between Gross Domestic Product (GDP) per capita and the Carbon Dioxide (CO2) in country groups of the G8 considered as developed in a period of time from 1960 to 2011. It was developed an Augmented Dickey-Fuller unit root (ADF), a Granger Causality Test and a Johansen Cointegration test. The results evidence the non-stationary of constrains in both countries. It was obtained a VAR model with two variables with a number of lags of four - VAR2 (4) to which were tested for causality by demonstrating a unidirectionality of GDP per capita to CO2. Keywords: economic growth, economic development, income distribution, environmental economics. References [1]G. Brundtland, «Our Common Future,» de Report of the World Commission on Environment and Development , 1987. [2]R. Bermejo, Del desarrollo sostenible según Brundtland a la sostenibilidad como biomimesis, Bilbao: Hegoa, 2014. [3]R. B. and. P. C. Fander Falconí, «Flacso,» 16 03 2016. [Online]. Available: https://www.flacsoandes.edu.ec/agora/62767-la-discutible-curva-de-kuznets. [Last access: 15 01 2021]. [4]E. Urteaga, «Las teorías económicas del desarrollo sostenible,» Cuadernos de Economía, vol. 32, nº 89, pp. 113-162, 2009. [5]V. K. Smith, Scarcity and Growth Reconsidered, Baltimore: The Johns Hopkins Press, 1979. [6]J. y. A. Medina, «Ingreso y desigualdad: la Hipótesis de Kuznets en el caso boliviano,» Espacios, vol. 38, nº31, p. 23, 2017. [7]M. Ahluwalia, «Inequality, poverty and development, » Journal of Development Economics, nº 3, pp. 307-342, 1976. [8]A. and R. D. Alesina, «Distributive politics and economic growth,» Quarterly Journal of Economics, vol. 109, nº 2, pp. 465-490, 1994. [9]R. Barro, «Inequality and growth in a panel of countries, » Journal of Economic Growth, vol. 5, nº 1, pp. 5-32, 2000. [10]M. A. Galindo, «Distribución de la renta y crecimiento económico,» de Anuario jurídico y económico escurialense, 2002, pp. 473-502. [11]A. Álvarez, «Distribución de la renta y crecimiento económico, Información Comercial Española, ICE,» Revista de economía, nº 835, pp. 95-100, 2007. [12]J. C. Núñez, «Crecimiento económico y distribución del ingreso: una perspectiva del Paraguay,» Población y Desarrollo, nº 43, pp. 54-61, 2016. [13]S. Kuznets, «Economic Growth and Income Inequality, » American Economic Review, nº 45, pp. 1-28, 1955. [14]J. A. and. C. J. Araujo, «Relación entre la desigualdad de la renta y el crecimiento económico en Brasil: 1995-2012.,» Problemas del desarrollo, vol. 46, nº 180, pp.129-150, 2015. [15]F. V. A. and P. C. Correa, «La Curva Medioambiental de Kuznets: Evidencia Empírica para Colombia Grupo de Economía Ambiental (GEA),» Semestre Económico, vol. 8, nº 15, pp. 13-30, 2005. [16]W. Malenbaum, World Demand for Raw Materials in 1985 and 2000, McGraw-Hill: New York, 1978. [17]W. Beckerman, «Economists, scientists, and environmental catastrophe,» Oxford Economic Papers, vol. 24, nº 3, 1972. [18]G. y. K. A. Grossman, «Economic Growth and the Environment,» The Quarterly Journal of Economics, vol. 110, nº 2, pp. 353-377, 1995. [19]N. Stokey, «Are there Limits to Growth?,» International Economic Review, vol. 39, nº 1, 1998. [20]W. and. C. W. Jaeger, «A Theoretical Basis for the Environmental Inverted-U Curve and Implications for International Trade,» de Discussant: Clive Chapple, New York, 1998. [21]T. B. K. B. R. and. G. K. Cavlovic, «A Mets-Analysis of Environmental Kuznets Curve Studies,» Agricultural and Resource Economics, nº 29, pp. 32-42, 2000. [22]M. and. S. T. Heil, «Carbon emissions and economic development: future trajectories based on historical experience, » Environment and Development Economics, vol. 6, nº 1, pp. 63-83, 2001. [23]U. S. R. and E. B. Soytas, «Energy consumption, income, and carbon emissions in the United States,» Ecological Economics, vol. 62, nº 3, pp. 482-489, 2007.[24]C. W. J. Granger, «Investigating causal relations by econometrics models and cross spectral methods,» Econometrica, nº 37, pp. 424-438, 1969. [25]M. and U. R. Nasir, «Environmental Kuznets Curve for carbon emissions in Pakistan: An empirical investigation,» Energy Policy, vol. 39, nº 3, pp. 1857-1864,2011. [26]S. Johansen, «Statistical Analysis of Cointegration Vectors,» Journal of Economic Dynamics and Control, vol. 12, nº 2, pp. 231-254, 1988. [27]B. Goldman, «Meta-Analysis of Environmental Kuznets Curve Studies: Determining the Cause of the Curve’s Presence,» de Honors Projects, 2012. [28] M. B.  and T. T. Fosten, «Dynamic misspecification in the environmental Kuznets curve: Evidence from CO2 and SO2 emissions in the United Kingdom,» Ecological Economics, vol. 76, pp. 25-33, 2012.  

scholarly journals An Analysis of the Development of Entrepreneurship in the Republic of Serbia with a Special Focus on Female Entrepreneurship

JWEE ◽  
2019 ◽  
pp. 1-16
Author(s):  
Snežana Radukić ◽  
Jelena Petrović
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Transition Countries ◽  
Gdp Per Capita ◽  
Special Focus ◽  
Female Entrepreneurship ◽  
Entrepreneurship Development ◽  
Per Capita ◽  
The Republic ◽  
The Impact

Entrepreneurship is a significant factor of the economic development of developed and transition countries. In the literature, special attention is paid to the entrepreneurship development and its impact on the economic growth and economic development of the transition countries. However, insufficient attention is paid to economic growth as a factor of the entrepreneurship development in transition countries. The purpose of the paper is to analyze the impact of economic growth on the entrepreneurship development in the Republic of Serbia and its regions. The results indicated that there is a statistically significant negative correlation between the gross domestic product (GDP) and the number of entrepreneurs as well as between GDP per capita and the number of entrepreneurs in the Republic of Serbia. Also, the results indicated that GDP per capita has a significant impact on the development of female entrepreneurship in the Republic of Serbia.

scholarly journals Social and economic drivers of national economic development: the case of OPEC countries

2018 ◽  
Vol 16 (4) ◽  
pp. 155-168 ◽  
Author(s):  
Mlaabdal Saady Mahmood Abaas ◽  
Olena Chygryn ◽  
Oleksandr Kubatko ◽  
Tetyana Pimonenko
Keyword(s):  
Economic Growth ◽  
Energy Efficiency ◽  
Economic Development ◽  
Life Expectancy ◽  
Price Volatility ◽  
Oil Prices ◽  
Oil Price ◽  
Gdp Per Capita ◽  
Oil Price Volatility ◽  
Per Capita

This paper examines the economic relationships between oil price volatility and socially-economic development of 14 Organization of the Petroleum Exporting Countries (OPEC) using the annual panel data for the period 1990–2014 obtained from the World Bank (WB) statistical data sets. Hausman specification test has been performed to choose the method of panel data analysis, and the results were in favor of fixed effects estimation. The main findings indicate the direct relationship between economic growth and oil price volatility. The research supports the hypothesis that an increase in crude oil prices is positively related to GDP, and a 10% increase in oil prices correlates with 0.6-4% GDP improvements. Structural changes in employment in favor of service sector are negatively correlated with GDP per capita. Changes in GDP structure in favor of oil rents on 10% lead to the shrinking of GDP on 1%. Life expectancy at birth, as an indirect indicator of health, positively influences the economic growth indicators and an improvement in life expectancy on one percentage leads on average to 1% growth in GDP and 0.5-1.33% growth in GDP per capita. Energy efficiency improvements are positive drivers of GDP values at OPEC, and our findings suggest that a 10% increase at GDP per unit of energy use leads to 3% increase of GDP itself. The study recommends investing in energy efficiency, human capital, and capital formation to guarantee long-run economic development and prosperity of OPEC counties.

scholarly journals Seven Centuries of European Economic Growth and Decline

2015 ◽  
Vol 29 (4) ◽  
pp. 227-244 ◽  
Author(s):  
Roger Fouquet ◽  
Stephen Broadberry
Keyword(s):  
Economic Growth ◽  
Nineteenth Century ◽  
Economic Development ◽  
Industrial Revolution ◽  
Gdp Per Capita ◽  
Economic Decline ◽  
European Economic ◽  
Long Run ◽  
Per Capita ◽  
European Economies

This paper investigates very long-run preindustrial economic development. New annual GDP per capita data for six European countries over the last seven hundred years paint a clearer picture of the history of European economic development. We confirm that sustained growth has been a recent phenomenon, but reject the argument that there was no long-run growth in living standards before the Industrial Revolution. Instead, the evidence demonstrates the existence of numerous periods of economic growth before the nineteenth century—periods of unsustained, but raising GDP per capita. We also show that many of the economies experienced substantial economic decline. Thus, rather than being stagnant, pre-nineteenth century European economies experienced a great deal of change. Finally, we offer some evidence that, from the nineteenth century, these economies increased the likelihood of being in a phase of economic growth and reduced the risk of being in a phase of economic decline.

scholarly journals CONDIÇÕES SOCIAIS E COMPETITIVIDADE

2000 ◽  
Vol 24 ◽  
Author(s):  
Mariano De Matos Macedo
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Growth Rates ◽  
Social Conditions ◽  
Gdp Per Capita ◽  
The Political ◽  
Modern Theory ◽  
Social Variables ◽  
Per Capita

O objetivo desse artigo é mostrar que as idéias e as propostas de políticas vinculadas ao conceito de competitividade sistêmica e à “moderna teoria do crescimento econômico” são muito semelhantes e convergentes. Tanto esse conceito quanto essa teoria afirmam que condições sociais precárias (grandes desigualdades na distribuição de renda, atraso educacional, etc.) constituem fatores que podem limitar o crescimento econômico, a expansão da produtividade (PIB per capita) e, portanto, as possibilidades de competitividade internacional de um País. A explicação do “resíduo de Solow” pela “moderna teoria do desenvolvimento” - endogeneizando na função de produção todos aqueles fatores acumuláveis e potencializadores de riqueza (estritamente econômicos ou não), antes considerados exógenos ou residuais por Solow – leva, como nas concepções relativas à competitividade sistêmica, a um amplo leque de variáveis econômicas e sociais como determinante de fundamental importância na explicação da taxa de crescimento per capita do PIB. Essas concepções teóricas também escapam da armadilha dos rendimentos decrescente, presentes nos “antigos modelos”, e explicam porque as taxas de crescimento de alguns países podem crescer, ao longo do tempo, mais do que a de outros países, ampliando - ao invés de fazer convergir, pela liberdade dos mercados e mobilidade dos fatores - as diferenças de níveis de desenvolvimento econômico e de competitividade entre as Nações. Abstract The objective of this article is to show that the ideas and the political proposals tied to the concept of sistemic competitiveness and the “modern theory of the economic growth” are very similar and convergent. Both the concept and the theory affirm that precarious social conditions (great inequalities in the income distribution, educational delay, etc.) constitute factors that can limit the economic growth, the expansion of productivity (the GDP per capita) and, therefore, the possibilities of international competitiveness of a Country. The explanation of the “Solow’s residue” for the “modern theory of the development” – internalized in the production function all those factors that improve the wealth (strictly economic or not), before considered external or vestigial for Solow - leads, as in the conceptions related to the sistemic competitiveness, to an ample fan of economic and social variables as determinants of basic importance in the explanation of the per capita tax growth of the GIP per capita. These theoretical conceptions also escape of the the incomes decreasing trap, found in the “old models”, and explain why the growth rates of some countries can grow, along the time, more than other countries, extending - instead of making to it converge, through the freedom of the markets and mobility of the factors - differences of levels of economic development and competitiveness between the Nations.

STATE REGULATION OF THE ECONOMY OF INDONESIA DURING ECONOMIC CRISES OF 1997-98 and 2008-09

2017 ◽  
Author(s):  
Peter Krasnopyorov ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic Crisis ◽  
Economic Reforms ◽  
State Regulation ◽  
Gdp Per Capita ◽  
Economic Crises ◽  
The World ◽  
World Economic ◽  
Per Capita

The article is analyzing the models of state regulation of the economy of Indonesia throughout the Asian financial economic crisis of 1997-98 and the World economic crisis of 2008-09 and the effects on the national economy of Indonesia. The statistics of economic development (GDP and GDP per capita and other social and economic indicators) of Indonesia are analyzed and several graphs and tables have been created for the scientific research purposes. According to the research data, it has been proved that Indonesia has been constantly improving its major economic indicators (like GDP per capita, especially in comparison to the world average level) showing 5-7% rate of economic growth, only with the exception of the period of the Asian financialeconomic crisis of 1997-98, when the country’s economy was hit hard by the crisis. Throughout the article the comparative analysis of successes and failures of different models of state regulation during the economic crises of 1997-98 and 2008-09 is given. The article provides a comparative table of the model for the management of the economy in Indonesia throughout the two crises periods. The experience of Indonesia indicates that the correct and responsible, effective macroeconomic policy of the government during the world economic crises has very important meaning for the national economy of the respective country. The experience of Indonesia in successful overcome and avoiding of the international crisis of 2008-09 – is interesting and useful for the governments, committees and ministries of economic development, as well as for economists in Ukraine and other countries of the world. Unfortunately, all the economic reforms that have been implemented in Ukraine over the last 30 years have not produced the desired result. In Ukraine, in contrast to Indonesia, no high levels of economic growth were observed during the recent 30 years. In the process of 1990s economic reforms in Ukraine, there was a sharp decline in production and a great portion of the working-age population was forced to leave the country in search of better-paid jobs abroad. On the other hand, through sound economic policies, Indonesia has been able to make significant strides in creating a modern, powerful economy throughout the recent 30-40 years. At the moment the GDP of Indonesia is the 7th largest in the world (behind Germany and Russia and before Brazil).

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