scholarly journals Economic Sanctions against Russia: Assessing the Policies to Overcome their Impact

2020 ◽  
Vol 16 (4) ◽  
pp. 1115-1131
Author(s):  
Sergey A. Belozyorov ◽  
Olena Sokolovska
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Economic Sanctions ◽  
Wealth Inequality ◽  
The United States ◽  
Financial Inclusion ◽  
Policy Implications ◽  
Future Research ◽  
Negative Consequences ◽  
Digital Development

Starting from 2014 the European Union countries, the United States of America and some other states im- posed economic sanctions against Russia, resulting in diversification of trade ties away from western part- ners (“pivot to the East” strategy). The mixed findings of recent sanctions literature related to their effective- ness and measures to overcome the negative consequences, has necessitated the examination of these issues for the case of anti-Russian economic sanctions. We use various macroeconomic data along with indicators of digital development and financial inclusion. The methodology comprises a combination of graphical, com- parative, and correlation analysis. The analysis of external sector data shows that economic sanctions had substantial negative impact on trade and foreign direct investment with main senders. At the same time, the “pivot to the East” after 2014 has not been implemented yet as much as expected. To overcome negative im- pact of sanctions and to promote economic growth, the current diversification of ties should be accompanied by other measures, centred on digital development, digital financial technologies, and financial inclusion. We assess linkages between digital development and wealth inequality and we found that in most countries with moderate wealth inequality, including Russia, the digital transformation could bring more benefits in terms of economic growth, than in countries with lower wealth inequality. The overall study allowed us to examine digital policy implications to overcome the negative effects of sanctions in Russia. The obtained results will contribute to addressing the problem of optimisation of Russia’s behaviour as a target country that is the subject of future research.

Fiscal Deficit and Economic Growth in Bangladesh

2016 ◽  
Vol 62 (1) ◽  
pp. 31-42 ◽  
Author(s):  
Ebney Ayaj Rana ◽  
Abu N. M. Wahid
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Negative Impact ◽  
Political Stability ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Government Budget ◽  
The Government ◽  
The Impact ◽  
Government Budget Deficit

The economy of Bangladesh is currently going through a period of continuous budget deficit. The present data suggest that the government budget deficit, on average, is nearly 5% of the country’s GDP. This has been true since the early 2000s. To finance this deficit, governments have been borrowing largely from domestic and foreign sources resulting in inflationary pressure on one hand, and crowding out of private investments on the other. During the same period, although the economy has grown steadily at a rate of more than 6%, this growth is less than the potential. This article presents an econometric study of the impact of government budget deficits on the economic growth of Bangladesh. We conduct a time-series analysis using ordinary least squares estimation, vector error correction model, and granger causality test. The findings suggest that the government budget deficit has statistically significant negative impact on economic growth in Bangladesh. Policy implications of our findings include reestablishing the rule of law, political stability in the country, restructuring tax structure, closing tax loopholes, and harmonizing fiscal policy with monetary policy to attract additional domestic and foreign investment.

scholarly journals The Trade-Off Between Economic Performance and Environmental Quality: Does Financial Inclusion Asymmetrically Matter for Emerging Asian Economies?

2021 ◽  
Author(s):  
Dong Liu ◽  
Yuantao Xie ◽  
Muhammad Hafeez ◽  
Ahmed Usman
Keyword(s):  
Economic Growth ◽  
Carbon Emissions ◽  
Economic Performance ◽  
Negative Impact ◽  
Positive Impact ◽  
Insurance Premium ◽  
Financial Inclusion ◽  
Bank Credit ◽  
Bank Branches ◽  
Long Run

Abstract This study examines the role of financial inclusion on the environment-economic performance in the top five Asian emerging economies. The data used for empirical investigation covers the time period from 1995 to 2019. Financial inclusion is measured through bank branches, bank credit, and insurance premiums. To check long-run associations, the panel-ARDL approach has been employed for empirical analysis. The empirical evidence confirms the significant associations between financial inclusion-GDP nexus and financial inclusion-CO2 nexus. The findings show that bank branches and bank credit have a significantly positive impact on economic growth and CO2 emissions in the long-run. However, insurance premium has no impact on economic growth but it exerts a significant negative impact on carbon emissions in the long-run. Furthermore, energy consumption is highly sensitive to economic growth and carbon emissions. The study delivers imperative points for pollution eradication and attaining sustained economic growth. There is a need for government-level efforts to align the targets of financial inclusion with economic growth and environmental policies.

Conclusion and Recommendations

2014 ◽  
pp. 226-238
Keyword(s):  
Economic Growth ◽  
Growth Process ◽  
Financial Sector ◽  
Policy Implications ◽  
Future Research ◽  
Financial Sector Development ◽  
Research Findings ◽  
Potential Channels

This book started with a brief review of different outlooks on the role of financial sector development in the process of economic growth. Then it highlighted the fact that recent studies, particularly those originating from modern growth theory, suggest that financial intermediation affects growth through various channels. To test this proposition, an empirical model was built, data were obtained, empirical tests were carried out, and results were discussed. The final chapter in this book, therefore, summarises key research findings and discusses the potential channels through which financial sector development affects the economic growth process. The chapter further highlights contributions of this research to growth studies, discusses policy implications arising from the findings of this research, and provides directions for future research and analysis.

Implications of  the U.S.–China Trade War  for  Taiwan

2020 ◽  
Vol 19 (1) ◽  
pp. 61-81
Author(s):  
Wen-jen Hsieh
Keyword(s):  
Negative Impact ◽  
The United States ◽  
Policy Implications ◽  
High Tech ◽  
Chinese Market ◽  
Economic Relationships ◽  
China Trade ◽  
Trade War ◽  
The Impact ◽  
The U.S

The ongoing U.S.-China trade war and ensuing high-tech conflicts are regarded as Taiwan's most crucial opportunity to slow down its progressively increasing economic dependence on China. The impact of the U.S.–China trade tensions on Taiwan are important to analyze because of Taiwan's relatively unique political and economic relationships with the United States and China, especially since the latter views Taiwan as its “breakaway province.” The regression results indicate that Taiwan's outward investment to China is significantly affected by Taiwan's lagged investment and exports to China, and the gap in the economic growth rates between Taiwan and China. Policy implications are provided for Taiwan to alleviate its economic dependency on the Chinese market and the negative impact from the U.S.-China trade war.

Climate Change, Economic Growth and Growth Determinants: Insights From Vietnam’s Coastal South Central Region

2020 ◽  
pp. 002190962094034
Author(s):  
Hong Hiep Hoang ◽  
Cong Minh Huynh
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Growth Model ◽  
Central Region ◽  
Negative Impact ◽  
Generalized Least Squares ◽  
Policy Implications ◽  
Impact Of Climate Change ◽  
South Central ◽  
The Impact

Using the Feasible Generalized Least Squares econometric method, the paper analyzes the impact of climate change on economic growth in Vietnam’s coastal South Central region over the period of 2006–2015. The results indicate that, after controlling for the main determinants in the growth model, the climate change with various proxies has a significantly negative impact on provinces’ economic growth in the region. In particular, local institutions not only increase economic growth, but also reduce the negative impact of climate change on economic growth as well. These results suggest some policy implications aimed at boosting the process of transforming the economic growth model for the coastal region adapting to climate change. JEL codes: F21, F23, E22

“It Takes a Lot of Planning”: Sexual Minority Young Adult Perceptions of Gay and Lesbian Parenthood

2020 ◽  
Vol 41 (10) ◽  
pp. 1785-1809
Author(s):  
Nicholas Park ◽  
Rachel M. Schmitz ◽  
Kathleen Slauson-Blevins
Keyword(s):  
Young Adults ◽  
Sexual Minority ◽  
The United States ◽  
Policy Implications ◽  
Gay And Lesbian ◽  
Future Research ◽  
Social Barriers ◽  
Lesbian Parenting ◽  
And Bisexual ◽  
Group Interviews

Lesbian and gay parents are becoming more prevalent, visible, and accepted in the United States. Despite these shifts, legal and social obstacles continue to shape pathways to parenthood. For many lesbians and gay men, access to parenthood is difficult, uncertain, and varies geographically. Using focus group interviews, this study explores how 36 Midwestern gay, lesbian, and bisexual young adults without children perceive gay and lesbian parenting and their own parenthood prospects. Themes included perceptions of legal and social barriers to parenthood, assumptions of the mounting economic obstacles and constraints surrounding parenthood, and concerns with navigating legal relatedness when establishing their families. This research provides insight into how emerging adulthood is experienced by sexual minority young adults in a shifting legal and social climate full of uncertainty regarding LGBTQ rights and parenthood. Policy implications and future research are discussed surrounding sexually diverse people’s accessibility in pursuing parenthood.

scholarly journals The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan

2019 ◽  
Vol 16 (19) ◽  
pp. 3785 ◽  
Author(s):  
Faiza Manzoor ◽  
Longbao Wei ◽  
Muhammad Asif ◽  
Muhammad Zia ul Haq ◽  
Hafiz ur Rehman
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Global Economy ◽  
Tourism Industry ◽  
Policy Implications ◽  
Future Research ◽  
Asian Countries ◽  
Long Run ◽  
Augmented Dickey Fuller ◽  
The Impact

In the global economy, tourism is one of the most noticeable and growing sectors. Thissector plays an important role in boosting a nation’s economy. An increase in tourism flow canbring positive economic outcomes to the nations, especially in gross domestic product (GDP) andemployment opportunities. In South Asian countries, the tourism industry is an engine ofeconomic development and GDP growth. This study investigates the impact of tourism onPakistan’s economic growth and employment. The period under study was from 1990 to 2015. Tocheck whether the variables under study were stationary, augmented Dickey–Fuller andPhillips–Perron unit root tests were applied. A regression technique and Johansen cointegrationapproach were employed for the analysis of data. The key finding of this study shows that there isa positive and significant impact of tourism on Pakistan’s economic growth as well as employmentsector and there is also a long‐run relationship among the variables under study. This studysuggests that legislators should focus on the policies with special emphasis on the promotion oftourism due to its great potential throughout the country. Policy implications of this recent studyand future research suggestions are also mentioned.

School Hopscotch: A Comprehensive Review of K–12 Student Mobility in the United States

2016 ◽  
Vol 87 (3) ◽  
pp. 475-511 ◽  
Author(s):  
Richard O. Welsh
Keyword(s):  
United States ◽  
Low Income ◽  
Negative Impact ◽  
Student Mobility ◽  
The United States ◽  
Policy Implications ◽  
Cross Sectional ◽  
Transition Costs ◽  
K 12 ◽  
Changing Schools

This article provides an integrative review of the extant literature on K–12 student mobility in the United States. Student mobility is a widespread phenomenon with significant policy implications. Changing schools is most prevalent among minority and low-income students in urban school districts. There is an ongoing debate about whether student mobility is helpful or harmful. Earlier research compared movers with nonmovers using cross-sectional data and did not always include controls for the students’ prior achievement and demographic characteristics. Studies in the past decade compared movers with themselves over time using longitudinal data and provided more convincing estimates. Overall, switching schools is associated with a negative impact on students’ educational outcomes; however, transferring to higher quality schools may offset and outweigh the transition costs of moving. Strong causal claims are elusive due to considerable data and methodological challenges and the inability to account for the motivating reasons for changing schools.

scholarly journals Trade Openness, Economic Growth and the Vicissitude of Labor-intensive Industries: The Case of China

2014 ◽  
Vol 43 (1) ◽  
pp. 7-31 ◽  
Author(s):  
Ma Ying ◽  
Li Jing ◽  
Yu Guansheng ◽  
Yuan Dongyang
Keyword(s):  
Economic Growth ◽  
Industrial Structure ◽  
Negative Impact ◽  
Trade Openness ◽  
Analytical Framework ◽  
Simultaneous Equation ◽  
Policy Implications ◽  
Transformation Theory ◽  
Total Employment ◽  
The One

Abstract In this paper, we use China’s 1986-2008 data to make an empirical analysis on the interrelationship between trade openness, economic growth and the structural change of labor-intensive industries by using simultaneous equation models and a VAR model. Our empirical study leads to the three conclusions. First, trade openness has accelerated economic growth, though with some negative impact on the development of labor-intensive industries; Second, economic growth has had a positive effect on trade openness, but again negatively impacted the development of labor-intensive industries. Third, the expansion of labor-intensive industries has had negative effects on both trade openness and economic growth. Methodologically we rely on the transformation theory of industrial structure as an analytical framework to empirically study these three paradoxical outcomes. We introduce the three variables: trade openness, economic growth and the change of labor-intensive industries, as dependent as well as independent variables into our empirical models. And then we use technological progress, the share of secondary industries to GDP, total employment and investment ratio as control variables in order to test the robustness of the empirical results. In addition to explaining the factors responsible for changes in labor-intensive export industries we also provide two policy implications: First, labor-intensive industries should be scaled down to improve the efficiency of resources allocation. Second, China should timely transform its industrial structure of the export sectors from the one that is dominated by labor-intensive industries to the one that is dominated by capital (technology)-intensive industries so as to induce the export sectors to move in the direction favorable to the transformation of China’s present outward pattern of economic development.

scholarly journals External environment transformation of Ukraine's tourist enterprises during the crisis

2020 ◽  
Vol 28 (3) ◽  
pp. 72-80
Author(s):  
Mariia Bieloborodova ◽  
Svitlana Bessonova
Keyword(s):  
Swot Analysis ◽  
Negative Impact ◽  
Design Method ◽  
External Environment ◽  
Future Research ◽  
Expert Assessment ◽  
Negative Consequences ◽  
Research Results ◽  
Business Units ◽  
Tourism Enterprises

Purpose – to identify trends in Ukraine's tourism enterprises' external environment to increase their competitiveness and stability in the relevant industry market. Design/Method/Approach of the research. Theoretical generalization, method of abstraction, expert assessments, PEST-analysis, factor analysis, graphical method. Findings. The research studies the changes in the external environment of tourist enterprises during the pandemic crisis. The critical factors of such enterprises' external environment are revealed based on considering their importance and the influence direction on the competitiveness of tourist business units. The paper covers the most significant negative and positive trends of changes in Ukraine's tourist enterprises' external environment. The authors provided recommendations for strategic planning of tourist business units' competitiveness. Practical implications. The research results allow identifying areas for increasing the competitiveness of national tourism enterprises and effectively adapting to the external environment's transformations during the crisis in the globalized social and economic space. Originality/Value. Based on the expert assessment, the authors proposed an expanded factors list of the external environment of national tourism enterprises, which, in contrast to the existing ones, consider the crisis's negative consequences. PEST-analysis clusters of environmental factors allowed to identify with a significant positive or negative impact on the competitiveness of tourism enterprises. Research limitations/Future research. The research results provide a basis for further study of the external macro- and micro-environment of tourism enterprises at the local, regional, and national levels. And for element-by-element SWOT-analysis of tourism enterprises during the pandemic crisis. Paper type – theoretical.

Sign in / Sign up

Export Citation Format

Share Document