scholarly journals Economic Growth, Convergence, and World Food Demand and Supply

Author(s):  
Emiko Fukase ◽  
Will Martin
2011 ◽  
Vol 50 (4II) ◽  
pp. 437-458 ◽  
Author(s):  
Sarwat Razzaqi ◽  
Faiz Bilquees ◽  
Saadia . Sherbaz

Energy sector has a vital influence on an economy, on both demand and supply sides. Therefore, energy production and consumption bear great importance for the developing world. The oil embargo of 1970‘s and its impact on major macroeconomic variables throughout the world attracted many economists to examine the relationship between energy and economic prosperity. The researchers have been unable to establish a definitive direction of causality between the two variables. The purpose of this study is to empirically investigate the dynamic relationship between energy use and economic growth in the D8 countries. The evidence gathered through application of VAR Granger Causality, Johansen Cointegration and VECM proves existence of short-run and long-run correlation between energy use and economic development in all countries. The results supported either uni-directional or bi-directional causality in the D8 countries except for Indonesia in short-run where non-causality was established between the two variables. JEL classifications: C22; Q43. Keywords: Energy Use, Economic Growth, D8, VAR Granger Causality, Cointegration, VECM


Food Policy ◽  
2000 ◽  
Vol 25 (6) ◽  
pp. 637-646 ◽  
Author(s):  
Rajul Pandya-Lorch ◽  
Mark W Rosegrant

This chapter introduces readers to growth economies and discusses why studies on economic growth are important. It proceeds to identifying global growth trends in the last four decades and provides a summary of world's income distribution. A concise survey of the convergence debate (which seems to have lost its prominence now) is also presented. The summary of some influential studies on income and growth convergence, however, states that the world's incomes have largely diverged, although convergence has been noted in at least two pockets of countries. Because the details are presented later in the text, only a brief summary of how theoretical economists view “sources of growth” is presented here. This chapter concludes with a discussion on the future trends in economic theory and global growth trajectory.


2014 ◽  
Vol 5 (4) ◽  
pp. 44-58
Author(s):  
Bin Pan ◽  
Shih-Yung Wei ◽  
Xuanhua Xu ◽  
Wei-Chiang Hong

By considering the demand and supply effects of defense investment and the uncertainty of the stochastic process of the production and defense investment, this study proposes a stochastic endogenous growth model to explore the impact of defense investment on economic growth. The results suggest that the relationship between defense investment and economic growth rate is nonlinear and obtains the optimal percentage of defense investment to maximize economic growth. Moreover, the impact of defense investment volatility on economic growth rate is subject to production and defense investment interference term's covariance and representative private investment risk preference. Finally, the empirical data are used to illustrate the applicability of the proposed model.


Author(s):  
Banani Nandi ◽  
Chandana Chakraborty

In the light of the emerging consensus on the potential impact of broadband technology on economic growth and development, this chapter analyzes the cross-country differences in growth of broadband technology by examining the key demand and supply factors driving diffusion in the observed countries. In addition, utilizing empirical evidence and country case analyses, the chapter offers tentative policy suggestions for accelerating broadband diffusion under alternative circumstances.


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