7. Economic Growth, Regime Insecurity, and Military Strategy: Explaining the Rise of Noncombat Operations in China

2020 ◽  
pp. 177-210
Keyword(s):  
Economic Growth ◽  
Military Strategy ◽  
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.

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.

scholarly journals Driving the economy: The role of a special economic sector

2020 ◽  
Vol 21 (3) ◽  
pp. 5-27
Author(s):  
Evgeny V. Balatsky ◽  
Nataly A. Ekimova
Keyword(s):  
Economic Growth ◽  
Film Industry ◽  
Modern World ◽  
Digital Devices ◽  
Growth Regime ◽  
Return On Capital ◽  
True Source ◽  
History Of ◽  
Pharmaceutical Production

The paper examines the true source of economic growth, which allowed “break ing” the regime of the Malthusian trap (poverty trap) that had existed for thousands of years. The researchers hypothesize that the driver of the destruction of a stagnation regime and the for mation of a stable economic growth regime instead is the so-called special sector of the economy characterized in an extremely high return on capital, more than 100% per annum. The authors search for concrete examples in both the history of Modern Europe and the modern world economy to identify special sector’s segments and determine the rates of return to wealth in them. The methodological basis of the research includes the models of economic growth and Thomas Piketty’s concept of a connection between the economic growth rate and the rate of return to wealth. The application of the method of stylized examples allows considering the essence of the studied phenomenon in the most refined form on the basis of a quantitative assessment. As a re sult of the study, the researchers discover main types of businesses and specify their profitability for the Modern Age (trade in spices, tea, tulips, slave trade, privateering, etc.) and the present (film industry, oil production, pharmaceutical production, production of digital devices, etc.). The study reliably confirms the existence of the special sector of the economy, thus providing a basis for a deeper understanding of the mechanism of economic growth.

scholarly journals Income distribution and economic growth: A critical approach

2017 ◽  
Vol 64 (2) ◽  
pp. 125-138 ◽  
Author(s):  
Philip Arestis ◽  
Baltar Troncoso
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Profit Margin ◽  
Critical Approach ◽  
Effective Demand ◽  
Growth Regime ◽  
Investment Function

The aim of this paper is to review the Kaleckian and post-Kaleckian literature on income distribution and economic growth and question the extent to which they analyse countries? economic regimes and economic performances properly and appropriately to understand countries? economic performances. The debate focuses on the inclusion of profit margin in the investment function as a way to characterize the effective demand regime in the neoliberal era as a profitled growth regime. Our argument is that this inclusion is not able to evaluate properly the countries? economic growth in terms of the consistency between its effective demand regimes and income distribution.

scholarly journals Economic growth, pollution, and quality of environment: estimation of problems and solutions

2020 ◽  
Vol 183 (5-6) ◽  
pp. 43-50
Author(s):  
Victor Zaernyuk ◽  
◽  
Yuriy Zabaykin ◽  
Mikhail Kharlamov ◽  
Zhang Chi ◽  
...  
Keyword(s):  
Economic Growth ◽  
Environmental Quality ◽  
Economic Policies ◽  
Research Production ◽  
Growth Regime ◽  
Problems And Solutions ◽  
The Government ◽  
Mode Of Development ◽  
High Level

Faced with the dilemma of industrial economic growth and improved environmental quality, the government must formulate a sound environmental regulatory policy to accelerate the tipping point of improving environmental quality. In our opinion, the issues of measuring the effectiveness and rationality of economic policies and environmental regulation tools will be at the centre of scientists’ upcoming research. Production with a high level of pollution limits the further development of the economy of any country. It is necessary to radically change the mode of development of the industrial economy, which requires a constant increase in the overall productivity of «green» factors of production, which contribute to improving the quality of economic growth in industry. In the process of accelerating the «green» transformation of the economy, the important role of the productivity of «green» factors in the transformation of the economic growth regime should be fully realized. The authors examine environmental factors that directly affect the country’s economy in the context of the selected indicators. Improving the quality of the environment is not an inevitable endogenous result in the process of economic growth, that is why, we cannot continue the current extensive economic growth regime and expect automatic improvement in the quality of the environment. There is a certain threshold for the quality of the environment. As soon as environmental pollution exceeds the capacity of the ecosystem, it will lead to irreversible environmental losses. Therefore, we must first correct the concept of pollution, and then control it, taking into account the improvement of environmental quality and economic growth.

Growth and the Subsidy Raj in India

2020 ◽  
pp. 67-93
Author(s):  
Maitreesh Ghatak ◽  
Ritwika Sen
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Interest Group ◽  
Public Investment ◽  
The Political ◽  
Growth Regime ◽  
Interest Group Politics ◽  
Per Capita ◽  
Group Politics ◽  
The Relationship

The Political Economy and Development of India (PEDI) proposes what is now a very well-known hypothesis about the reasons for the low-growth regime that India experienced from the 60s to the early 80s: interest-group politics in a democracy leads to populism and subsidies, choking off resources for accumulation through public investment in infrastructure. This political economy of constraints, according to Bardhan, seems to have blocked the economy’s escape from a low-level equilibrium trap of low growth. This chapter looks at a part of Bardhan’s argument, namely the relationship between subsidies and growth. The chapter studies the patterns of growth in income per capita and subsidies over the period 1980–81 to 2013–14 and finds, contrary to PEDI, that both economic growth and subsidies increased. Put together, these trends do not provide evidence in favour of the ‘Bardhan subsidy hypothesis’ that the subsidy Raj was the most important binding constraint to economic growth in the 1980s.

scholarly journals Education in Thailand: When economic growth is no longer enough

2015 ◽  
Author(s):  
Sandrine Michel
Keyword(s):  
Economic Growth ◽  
Education System ◽  
Developmental Process ◽  
Education Development ◽  
Historical Perspectives ◽  
Growth Regime ◽  
The Social ◽  
Private And Public ◽  
Structural Indicators ◽  
The Impact

After fifty years of almost continuous economic growth in Thailand, it is now possible to reevaluate the developmental process of the education system. Until now, the structural indicators of education development that have been mainly used are the level and pace of the increases in public expenditure on education, the effect of increasing enrolment on social mobility, and the private and public distribution of investment in education. The impact of these factors undeniably offers a better understanding of the quantitative advances in education. However, the dynamics of the education system nowadays encounter structural limits related to both the integration of what is now widespread education within the social structures and Thailand's contribution to globalization. As a result, the contribution of education to the growth regime is increasingly questioned. The aim of this paper is to use a historical approach to explore this evolution. Theoretical and historical perspectives are combined within a quantitative history methodology, drawing on new time-series.

scholarly journals THE MYTH OF ECONOMIC GROWTH IN TUMPANG PITU GOLD MINE IN BANYUWANGI EAST JAVA

2020 ◽  
Vol 2 (1) ◽  
pp. 51 ◽  
Author(s):  
Maghfiroh Sandi Pratama Putri ◽  
Angga Prasetyo Adi
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Large Scale ◽  
Sustainable Growth ◽  
Domestic Product ◽  
Gold Mine ◽  
Critical View ◽  
Growth Regime

Growth becomes a measure in assessing the progress of both countries and regions,to pursue growth will sacrifice the environment on a large scale for the benefit ofcapital that will have an impact on increasing the growth of gross domestic product(GDP). The growth regime will result in environmental exploitation, as happened inthe Banyuwangi Tumpang Pitu gold mine. This study uses the Degrowth approach,which provides a critical view of the forms of growth that are continuously damagingto the environment and choosing alternatives for sustainable growth and can beharmonized with the ecology. Degrowth becomes a foothold in the analysis processto reduce and even eliminate the size of growth that only looks at the aspect ofGDP, which is explained as a regime that massively destroys the environment, ashappened in the Banyuwangi Tumpang Pitu gold mine.

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