Revised short term GDP growth rates for selected non-OECD countries

2009 ◽  
Author(s):  
◽  
Keyword(s):  
Growth Rates ◽  
Oecd Countries ◽  
Gdp Growth ◽  
Short Term

Growth may accelerate under new Slovak government

2016 ◽  
Keyword(s):  
Growth Rates ◽  
Prime Minister ◽  
Government Expenditure ◽  
Political Risk ◽  
Gdp Growth ◽  
Short Term ◽  
Content Type ◽  
Investment Grade ◽  
New Education ◽  
Health Teachers

Significance The governing coalition has a comfortable parliamentary majority, but faces gathering concerns over Prime Minister Robert Fico's health, teachers' protests over wages and opposition calls to dismiss the new education minister. Impacts Short-term fiscal deterioration is expected in 2016-18 (the deficit is likely to remain elevated), as government expenditure rises. Nevertheless, Slovakia's investment grade is expected to remain solid. This is due to strong levels of FDI in autos, with local businesses making use of EU funds and subsidies for new investments. Political risk will diminish in line with higher GDP growth rates and lower rates of unemployment. This will be particularly so after 2017 once government measures have fed through to the economy.

THE CAUSE OF HIGHER ECONOMIC GROWTH: ASSESSING THE LONG-TERM AND SHORT-TERM RELATIONSHIPS BETWEEN ECONOMIC GROWTH AND GOVERNMENT EXPENDITURE

2014 ◽  
Vol 20 (1) ◽  
pp. 229-250 ◽  
Author(s):  
Motasam Tatahi ◽  
Emre Ipekci Cetin ◽  
M. Koray Cetin
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Growth Rates ◽  
Government Expenditure ◽  
Government Expenditures ◽  
Gdp Growth ◽  
Short Term ◽  
Data Set ◽  
Dynamic Relationship

This study examines the cause of higher (5% or more) economic growth rates in countries around the world over the past 35 years. It explores the long- and short-term relationships between GDP and government expenditures in these countries. A panel data set of 60 countries over the period from 1976 to 2010 is deployed to implement pooled mean group estimation. Countries are divided into three economic growth rate groups: high, middle, and low. Panel-based/error correction models are used to estimate long-term equilibrium relationships and short-term dynamics between government expenditures and GDP growth rates. Results indicate that the hypothesis of a common long-term elasticity and a short-term dynamic relationship between GDP growth rates and government expenditures cannot be rejected for high group countries, whereas for middle group countries this is true only for the long term, not for the short term. No long-term or short-term relationship between these two variables exists for low-growth-rate countries.

Impacts of Paris Agreement on Russian economy

2018 ◽  
pp. 76-94 ◽  
Author(s):  
I. A. Makarov ◽  
C. Henry ◽  
V. P. Sergey
Keyword(s):  
Climate Change ◽  
Economic Policy ◽  
Growth Rates ◽  
Paris Agreement ◽  
Gdp Growth ◽  
Russian Economy ◽  
Climate Policies

The paper applies multiregional CGE Economic Policy Projection and Analysis (EPPA) model to analyze major risks the Paris Agreement on climate change adopted in 2015 brings to Russia. The authors come to the conclusion that if parties of the Agreement meet their targets that were set for 2030 it may lead to the decrease of average annual GDP growth rates by 0.2-0.3 p. p. Stricter climate policies beyond this year would bring GDP growth rates reduction in2035-2050 by additional 0.5 p. p. If Russia doesn’t ratify Paris Agreement, these losses may increase. In order to mitigate these risks, diversification of Russian economy is required.

Economic Growth and Macro Variables in India: An Empirical Study

2015 ◽  
pp. 42-59
Author(s):  
Saba Ismail ◽  
Shahid Ahmed
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Trade Openness ◽  
Capital Formation ◽  
Gdp Growth ◽  
Fdi Inflows ◽  
Domestic Capital ◽  
The Government ◽  
Macro Variables ◽  
Determinants Of Economic Growth

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.

scholarly journals Examining GDP Growth and Its Volatility: An Episodic Approach

Entropy ◽  
2021 ◽  
Vol 23 (7) ◽  
pp. 890
Author(s):  
Jakub Bartak ◽  
Łukasz Jabłoński ◽  
Agnieszka Jastrzębska
Keyword(s):  
Economic Growth ◽  
Genetic Algorithm ◽  
Time Series ◽  
Human Capital ◽  
Growth Rates ◽  
Structural Breaks ◽  
Negative Relationship ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
Per Capita

In this paper, we study economic growth and its volatility from an episodic perspective. We first demonstrate the ability of the genetic algorithm to detect shifts in the volatility and levels of a given time series. Having shown that it works well, we then use it to detect structural breaks that segment the GDP per capita time series into episodes characterized by different means and volatility of growth rates. We further investigate whether a volatile economy is likely to grow more slowly and analyze the determinants of high/low growth with high/low volatility patterns. The main results indicate a negative relationship between volatility and growth. Moreover, the results suggest that international trade simultaneously promotes growth and increases volatility, human capital promotes growth and stability, and financial development reduces volatility and negatively correlates with growth.

scholarly journals Short‐term forecasts of euro area GDP growth

2011 ◽  
Vol 14 (1) ◽  
pp. C25-C44 ◽  
Author(s):  
Elena Angelini ◽  
Gonzalo Camba‐Mendez ◽  
Domenico Giannone ◽  
Lucrezia Reichlin ◽  
Gerhard Rünstler
Keyword(s):  
Euro Area ◽  
Gdp Growth ◽  
Short Term

scholarly journals The impact of the recession on health care expenditure — How does the Czech Republic, Hungary, Poland and Slovakia compare to other OECD countries?

2015 ◽  
Vol 37 (1) ◽  
pp. 73-88
Author(s):  
Petra Baji ◽  
Márta Péntek ◽  
Imre Boncz ◽  
Valentin Brodszky ◽  
Olga Loblova ◽  
...  
Keyword(s):  
Health Care ◽  
Czech Republic ◽  
Economic Crisis ◽  
Growth Rates ◽  
Health Care Systems ◽  
Oecd Countries ◽  
The Czech Republic ◽  
Relative Growth ◽  
Care Systems ◽  
The Impact

In the past few years, several papers have been published in the international literature on the impact of the economic crisis on health and health care. However, there is limited knowledge on this topic regarding the Central and Eastern European (CEE) countries. The main aims of this study are to examine the effect of the financial crisis on health care spending in four CEE countries (the Czech Republic, Hungary, Poland and Slovakia) in comparison with the OECD countries. In this paper we also revised the literature for economic crisis related impact on health and health care system in these countries. OECD data released in 2012 were used to examine the differences in growth rates before and after the financial crisis. We examined the ratio of the average yearly growth rates of health expenditure expressed in USD (PPP) between 2008–2010 and 2000–2008. The classification of the OECD countries regarding “development” and “relative growth” resulted in four clusters. A large diversity of “relative growth” was observed across the countries in austerity conditions, however the changes significantly correlate with the average drop of GDP from 2008 to 2010. To conclude, it is difficult to capture visible evidence regarding the impact of the recession on the health and health care systems in the CEE countries due to the absence of the necessary data. For the same reason, governments in this region might have a limited capability to minimize the possible negative effects of the recession on health and health care systems.

scholarly journals ANALYSIS OF TRENDS IN THE DEVELOPMENT OF THE NATIONAL ECONOMY BY REGIONAL SIGN TAKING INTO ACCOUNT THE ECOLOGICAL COMPONENT

2020 ◽  
Vol 1 (1) ◽  
pp. 50-54
Author(s):  
Kostiantyn Shaposhnykov ◽  
Yuriy Pavelko
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Growth Rates ◽  
Population Decline ◽  
Environmental Damage ◽  
Gdp Growth ◽  
Mathematical Methods ◽  
Constant Attention ◽  
Protection Measures ◽  
Environmental Component

The purpose of this work is to study the development of the national economy in recent years taking into account the environmental component. It is proved that providing conditions for long-term economic growth is the primary task of macroeconomy of any country. Unstable development of the national economy in recent decades accompanied by prolonged crises, as well as a slow path of reforming all spheres of life on the way to building a democratic society with a developed market economy cause constant attention of domestic scientists to this direction. Methodology. The results of environmental protection measures are classified, based on the practical use of modern economic and mathematical methods and models. Results. It is proved that when using these methods, the results of law enforcement measures can be divided into the following groups: in the conditions of positive rates of economic development, the volumes of atmospheric emissions of pollutants and carbon dioxide had a negative dynamics. This scenario of environmental and economic efficiency is the most desirable; positive growth rates of fresh water use are inferior to GDP growth rates, the rates of waste generation and water abstraction exceed the dynamics of GDP growth. This scenario is the least acceptable, as not only environmental damage is increasing in absolute terms, but environmental performance is also deteriorating. Practical implications. The period of 2015–2018 was chosen for research as it was characterized by the resumption of gradual economic growth in most sectors of the economy after the deep crisis of 2014. The available data of the State Statistics Service of Ukraine for 2019 has not currently contained complete information on volumes anthropogenic impact. The leaders of regional development in terms of GRP growth in 2015–2018 were Volyn (+ 5.72%), Kyiv (+ 5.66%) and Zhytomyr (+ 5.00%) regions. In contrast, the most depressed regions with negative economic growth rates were Donetsk (-1.86%), Luhansk (-0.84%) and Poltava (-0.51%) regions. In the latter region, the rate of population decline exceeded the increase in labor productivity, resulting in a decrease in performance. Value/originality of the work is the analysis of trends in the national economy taking into account the environmental component, which in contrast to the existing comes from modern experience of practical use of economic and mathematical methods, which allows to develop recommendations based on quantitative estimates.

scholarly journals INNOVATION EFFECT THROUGH RESEARCH AND DEVELOPMENT ON ECONOMIC GROWTH IN 35 OECD COUNTRIES

2021 ◽  
Vol 11 (4) ◽  
pp. 159-166
Author(s):  
Maman Ali M. Moustapha ◽  
Qian Yu
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Research And Development ◽  
Regression Model ◽  
Oecd Countries ◽  
Multiple Regression Model ◽  
Gdp Growth ◽  
Real Gdp ◽  
Gdp Growth Rate ◽  
Development Expenditure

This paper analyzes the effect of research and development (R&D) expenditures on economic growth in the Organization of Economic Cooperation and Development (OECD) countries over the period 2000-2016. This study conducts an empirical analysis using a multiple regression model. The main findings confirm that an increase in research and development expenditure by 1% would generate an increase of real GDP growth rate to 2.83 %. The implication emerging from this study is that government and institutions need to increase investment in R&D expenditures to fulfill inclusive economic growth perspective.

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