12. FDI, Capital Formation, and Economic Growth of Western China: A Comparison Across Three Regions

The research objective of this paper is to explore the empirical linkages between economic growth and foreign direct investment (FDI), gross fixed capital formation (GFCF) and trade openness in India (TOP) over the period 1980 to 2013. The study reveals a positive relationship between economic growth and FDI, GFCF and TOP. This study establishes a strong unidirectional causal flow from changes in FDI, trade openness and capital formation to the economic growth rates of India. The impulse response function traces the positive influence of these macro variables on the GDP growth rates of India. The study also reveals that the volatility of GDP growth rates in India is mainly attributed to the variation in the level of GFCF and FDI. The study concludes that the FDI inflows and the size of capital formation are the main determinants of economic growth. In view of this, it is expected that the government of India should provide more policy focus on promoting FDI inflows and domestic capital formations to increase its economic growth in the long-term.

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Victor S. D'Souza. Development Planning and Structural Inequalities: The Response of the Underprivileged. New Delhi: Sage Publications 1990. Pages 206 + Index. Price: Rs 180 (Hardbound).

The Pakistan Development Review ◽

10.30541/v30i3pp.313-317 ◽

1991 ◽

Vol 30 (3) ◽

pp. 313-317

Author(s):

Ziaul Haque

Keyword(s):

Economic Growth ◽

Economic Development ◽

Social Structure ◽

Social Transformation ◽

Social Inequalities ◽

Census Data ◽

Development Planning ◽

Capital Formation ◽

Indian Society ◽

The Social

Deveiopment planning in India, as in other developing countries, has generally been aimed at fostering an industrially-oriented policy as the engine of economic growth. This one-sided economic development, which results in capital formation, creation of urban elites, and underprivileged social classes of a modern society, has led to distortions in the social structure as a whole. On the contrary, as a result of this uneven economic development, which is narrowly measured in terms of economic growth and capital formation, the fruits of development have gone to the people according to their economic power and position in the social structure: those occupying higher positions benefiting much more than those occupying the lower ones. Thus, development planning has tended to increase inequalities and has sharpened divisive tendencies. Victor S. D'Souza, an eminent Indian sociologist, utilizing the Indian census data of 1961, 1971, and 1981, examines the problem of structural inequality with particular reference to the Indian Scheduled Castes and Scheduled Tribes - the two most underprivileged sections of the present Indian society which, according to the census of 1981, comprised 15.75 percent and 7.76 percent of India's population respectively. Theoretically, he takes the concept of development in a broad sense as related to the self-fulfIlment of the individual. The transformation of the unjust social structure, the levelling down of glaring economic and social inequalities, and the concern for the development of the underprivileged are for the author the basic elements of a planned development. This is the theoretical perspective of the first chapter, "Development Planning and Social Transformation".

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Export-led Growth Hypothesis in MINT Countries: A Panel Cointegration Analysis

International Conference on Eurasian Economies 2017 ◽

10.36880/c09.01989 ◽

2017 ◽

Author(s):

Harun Bal ◽

Shahanara Basher ◽

Abdulla Hil Mamun ◽

Emrah Akça

Keyword(s):

Economic Growth ◽

Large Population ◽

Panel Cointegration ◽

Secondary Data ◽

Capital Formation ◽

Cointegration Analysis ◽

Promotion Strategy ◽

Key Factor ◽

Good Number ◽

Growth Hypothesis

The contribution of exports to GDP in MINT countries that improve substantially just after their implantation of export promotion strategy in the late 1980s raises the issue of whether the growth in these countries is led by export or not. While a good number of studies have been found investigating whether economic growth is promoted by exports for developing countries having an outstanding share of export in GDP, no study investigating the export-led growth hypothesis for MINT countries has been found until recent times. The main purpose of this study is to fill up the void. The study employs panel cointegration technique with an aim to examine whether the export is the key factor of economic growth for MINT countries employing yearly secondary data that covers the period. Results of the study imply that economic growth of these countries is considerably exports driven. Moreover, there is an indication of improvement of efficiency as exports work along with the rise capital formation. As the employment opportunity of an economy is expanded through capital formation, the emerging MINT countries endowed with large population and favorable demographics are expected to become the major exporters with strong GDP growth by being able to attract adequate foreign investment.

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The Effect of Demographics and Human Capital Formation on Economic Growth in BRICS and MINTs

SSRN Electronic Journal ◽

10.2139/ssrn.2948649 ◽

2015 ◽

Author(s):

RRRhan Kamil Altun

Keyword(s):

Economic Growth ◽

Human Capital ◽

Capital Formation ◽

Human Capital Formation

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Does the Construction and Operation of High-Speed Rail Improve Urban Land Use Efficiency? Evidence from China

Land ◽

10.3390/land10030303 ◽

2021 ◽

Vol 10 (3) ◽

pp. 303

Author(s):

Xinhai Lu ◽

Yifeng Tang ◽

Shangan Ke

Keyword(s):

Economic Growth ◽

Land Use ◽

High Speed ◽

Urban Land ◽

Urban Land Use ◽

Western China ◽

High Speed Rail ◽

Land Use Efficiency ◽

Use Efficiency ◽

The Impact

The construction and operation of high-speed rail (HSR) has become an important policy for China to achieve efficiency and fairness and promote high-quality economic growth. HSR promotes the flow of production factors such as labor and capital and affects economic growth, and may further affect urban land use efficiency (ULUE). To explore the impact of HSR on ULUE, this paper uses panel data of 284 cities in China from 2005 to 2018, and constructs Propensity Score Matching-Differences in Differences model to evaluate the effect of HSR on ULUE. The result of entire China demonstrates that the HSR could significantly improves the ULUE. Meanwhile, this paper also considers the heterogeneity of results caused by geographic location, urban levels and scales. It demonstrates that the HSR has a significantly positive effect on ULUE of Eastern, Central China, and large-sized cities. However, in Western China, in medium-sized, and small-sized cities, the impact of HSR on ULUE is not significant. This paper concludes that construction and operation of HSR should be linked to urban development planning and land use planning. Meanwhile, the cities with different geographical locations and scales should take advantage of HSR to improve ULUE and promote urban coordinated development.

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