scholarly journals The Impact of Inflation on Financial Development

2015 ◽  
Vol 1 (4) ◽  
pp. 42-48 ◽  
Author(s):  
Haroon Khan
Keyword(s):  
Private Sector ◽  
Financial Markets ◽  
Financial Development ◽  
Negative Relationship ◽  
Bank Credit ◽  
Gdp Per Capita ◽  
Per Capita ◽  
Experimental Findings ◽  
The Impact ◽  
Do So

This paper scrutinizes the impact of inflation on financial development in the case of Pakistan for the period of 1991-2011. In order to do so, Regression and Correlation methods have been applied. Experimental findings expose that high trends of inflation delay the performance of financial markets. GDP per capita promotes the development of financial sector through its causing channels. Three indicators namely money supply, total level of deposits, BCPS (bank credit to private sector) represent the financial development in Pakistan. There is a negative relationship between inflation and financial development.

scholarly journals Analysing the Relationships between Financial Development and Income Inequality in Turkey as a Parallel of Kuznet Curve

2015 ◽  
Author(s):  
Utku Altunöz
Keyword(s):  
Income Inequality ◽  
Private Sector ◽  
Financial Development ◽  
Econometric Model ◽  
Gdp Per Capita ◽  
Turkish Economy ◽  
Per Capita ◽  
The Relationship ◽  
Domestic Products

Analysing the relationship between development and Gross Domestic Products (GDP) is one of the most important issue for economics. Kuznet claims that mentioned relationships between developing and GDP resemble as upside down U. In this paper, GINI, GDP, credit and trade variables were analysed by using ARDL bounding test for the period covering by 1991-2014. Obtained results of econometric model shows that credit in private sector, GDP per capita and trade variables play an important role to be eliminated of income inequality. Effect of trade variable is less compare with other variables. For Turkish Economy, 1% increase in private credits causes to a 0,044 % fall in income inequality for the estimated period. Alike, 1% increase in income causes to a 0.055 % fall in income inequality.

scholarly journals Financial development in Jordan: Where do remittances play a role in bank credit?

Accounting ◽  
2021 ◽  
Vol 7 (7) ◽  
pp. 1701-1708
Author(s):  
Hadeel Yaseen ◽  
Ghassan Omet
Keyword(s):  
Private Sector ◽  
Financial Development ◽  
Bank Credit ◽  
Research Issues ◽  
Stable Relationship ◽  
Long Run ◽  
Time Period ◽  
The Impact ◽  
The Relationship ◽  
Auto Regression

The Jordanian economy has been a recipient of huge amounts of remittances. Indeed, for more than a decade now, the inflow of this capital has been fluctuating around 10 percent of Gross Domestic Product (GDP). Within this context, the subject matter of remittances has resulted in the development of a myriad of research issues. One of these issues is the impact of remittances on financial development or bank credit to the private sector. This paper looks at the relationship between financial development and remittances in the Jordanian context. Based on the time period 1992-2019, and time series econometric techniques (co-integration and vector auto-regression, among others), this paper examines the impact of remittances on bank credit to the private sector, and on its main sectoral distributions. The estimated results reveal some interesting findings. There is no long-run stable relationship between bank credit to the private sector and remittances. However, there is a stable long-run relationship between credit to individuals (households) and remittances, and between credit to the construction sector and remittances. These conclusions imply that remittances, on average, promote private consumption in general, and residential spending.

scholarly journals The nexus between financial development and poverty reduction in Egypt

2018 ◽  
Vol 3 (2) ◽  
pp. 40-55
Author(s):  
Vivian Bushra Kheir
Keyword(s):  
Private Sector ◽  
Financial Development ◽  
Poverty Reduction ◽  
Incentive Structure ◽  
Content Type ◽  
Distributed Lag ◽  
Long Run ◽  
Domestic Credit ◽  
Per Capita ◽  
The Impact

Purpose The purpose of this study is to empirically examine the impact of financial development on poverty reduction in Egypt. The paper also investigates whether financial development affects poverty via gross domestic product (GDP) growth. Design/methodology/approach This study uses the autoregressive distributed lag approach to estimate two specifications. The first is dependent on poverty by the ratio domestic credit to the private sector (percentage of GDP) and the second is dependent on the poverty by the ratio liquid liabilities to GDP or M3/GDP. The data are annual and cover the period from 1980 to 2015. Findings In long run, the study finds that relationship between economic growth and poverty is bidirectional. Financial development and poverty (household final consumption expenditure per capita) are complementary as bidirectional (in Granger sense). In short run, the study finds the bidirectional causality between financial development (real domestic credit to private sector per capita) and poverty reduction. Practical implications The findings suggest that governments should remove policies that impede the ability of banks to offer loan products or undermine the commercial incentive structure for banks or borrowers. It is crucial to enhance the role of specialized state-owned banks in financial intermediation. Social implications Several attempts have been made to investigate the relationship between financial development and other macroeconomic variables, but few studies have examined the impact of financial development on poverty reduction. Furthermore, the majority of the previous studies are based on Asia and Latin America – affording Egypt very little or no coverage at all.

Can policy makers count with positive impact of entrepreneurship on economic development of the Czech regions?

2017 ◽  
Vol 9 (3) ◽  
pp. 286-299 ◽  
Author(s):  
Ondřej Dvouletý
Keyword(s):  
Economic Development ◽  
Fixed Effects ◽  
Positive Impact ◽  
Negative Relationship ◽  
Policy Implications ◽  
Entrepreneurial Activity ◽  
Gdp Per Capita ◽  
Content Type ◽  
Per Capita ◽  
The Impact

Purpose The purpose of the present study is to empirically investigate the impact of the newly established entrepreneurial activity on economic development of the Czech NUTS 3 regions during the period of years 2003-2015. Design/methodology/approach An econometric approach was used to validate the stated hypotheses assuming a positive relationship between the new entrepreneurial activity and regional economic growth and a negative relationship between the new entrepreneurial activity and unemployment rate. For the methods, regression models with fixed effects were estimated on the panel that included 13 Czech regions, covering the period of years 2003-2015. The new entrepreneurial activity was classified into two forms – rate of newly established self-employed set-ups per capita and rate of newly established business companies and partnership set-ups per capita. Findings Different impacts of newly established business companies and the self-employed were found on real gross domestic product (GDP) per capita. Only the higher rates of newly established business companies and partnership were associated with higher levels of GDP per capita in the Czech regions, and no impact was found for the rate of new self-employed set-ups. Nevertheless, both forms of newly established entrepreneurial activity were associated with lower unemployment rates in the Czech regions; however, the impact of newly established business companies was significantly higher. The obtained results have several policy implications, which are discussed in the present paper. Practical implications Support of entrepreneurship in the Czech regions may improve the situation on the local labour markets and may deliver new job opportunities through the newly established enterprises. The Czech entrepreneurship policies focused on the growth of GDP and economic boom should be oriented more on the support of high-growth enterprises (unicorns). Originality/value The empirical analysis was conducted on the basis of the research gap in the studies related to the impact of the newly established entrepreneurial activity on the economic development of the Czech regions. Obtained results have several policy implications, which are discussed in the present paper.

scholarly journals The Impacts of Financial Development on Green and Non-Green Energy Consumption: Empirical Evidence From OPEC Countries

2020 ◽  
Author(s):  
Faris Alshubiri ◽  
Mohamed Elheddad ◽  
Syed Jamil ◽  
Nassima Djellouli
Keyword(s):  
Energy Consumption ◽  
Financial Development ◽  
Environmental Quality ◽  
Green Energy ◽  
Gdp Per Capita ◽  
Green Growth ◽  
The World ◽  
Domestic Credit ◽  
Per Capita ◽  
The Impact

Abstract This paper aims to examine the impact of financial development on green and non-green energy consumption in the Organization of the Petroleum Exporting Countries (OPEC) over the period of 1990–2015.The data was collected from the Green Growth Knowledge Platform Database and the World Development Indicators (WDI) of the World Bank for 14 OPEC countries over the period of 1990–2015.We used two different proxies for financial development: (1) domestic financial development, measured by domestic credit in the private sector as a percentage of gross domestic product(GDP), and (2)foreign financial development, measured by the foreign direct investment (FDI) stock as a share of GDP. The main model developed three hypotheses; the first two were sub-hypotheses that characterized green energy through proxies: access to improved sanitation and access to electricity. The third hypothesis was anon-green (brown) energy proxy using CO2 emissions per capita. All three hypotheses used five control variables: by GDP per capita, urbanisation/total population ratio, oil rent/GDP ratio, investment/GDP per capita ratio and trade openness. In order to evaluate these hypotheses, we used the instrumental-variable (IV) approach with a fixed effect option to control for both endogeneity and heterogeneity, and we used the lags of the independent variables as instruments for financial development, as lagged variables are arguably exogenous. The impacts of financial development on environmental quality varied between foreign direct investments (foreign financial development) and the domestic credit ratio (domestic financial development). Our main results suggest that FDI degrades environmental quality in OPEC economies, and FDI represents a source of pollution by increasing CO2 emissions per capita (non-renewable) by about 0.0224% and decreasing non-renewable energy consumption variables. In other words, FDI’s non-renewable and renewable relationship supports the non-green growth hypothesis.JEL Classification B22. B26. D53. E21. F63. K32

Measuring Effectiveness Of Economic Growth On Reducing Infant Mortality Rate In Tamilnadu

2019 ◽  
Vol 118 (4) ◽  
pp. 129-141
Author(s):  
Mr. Y. EBENEZER
Keyword(s):  
Economic Growth ◽  
Mortality Rate ◽  
Infant Mortality ◽  
Negative Relationship ◽  
Infant Mortality Rate ◽  
Domestic Product ◽  
Per Capita ◽  
The Impact ◽  
Adf Test ◽  
Bound Test

                   This paper deals with economic growth and infant mortality rate in Tamilnadu. The objects of this paper are to test the relationship between Per capita Net State Domestic Product and infant mortality rate and also to measure the impact of Per capita Net State Domestic Product on infant mortality rate in Tamil Nadu. This analysis has employed the ADF test and ARDL approach. The result of the study shows that IMR got reduced and Per capita Net State Domestic Product increased during the study period. This analysis also revealed that there is a negative relationship between IMR and the economic growth of Tamilnadu. In addition, ARDL bound test result has concluded that per capita Net State Domestic Product of Tamilnadu has long run association with IMR.

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 The Impact of Oil Price Shocks on National Income: Evidence from Azerbaijan

Energies ◽  
2021 ◽  
Vol 14 (6) ◽  
pp. 1695
Author(s):  
Shahriyar Mukhtarov ◽  
Sugra Humbatova ◽  
Mubariz Mammadli ◽  
Natig Gadim‒Oglu Hajiyev
Keyword(s):  
Exchange Rate ◽  
Oil Price ◽  
Gdp Per Capita ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Total Trade ◽  
Trade Turnover ◽  
Per Capita ◽  
The Exchange Rate ◽  
The Impact

This study investigates the influence of oil price shocks on GDP per capita, exchange rate, and total trade turnover in Azerbaijan using the Structural Vector Autoregressive (SVAR) method to data collected from 1992 to 2019. The estimation results of the SVAR method conclude that oil price shocks (rise in oil prices) affect GDP per capita and total trade turnover positively, whereas its influence on the exchange rate is negative in the case of Azerbaijan. According to results of this study, Azerbaijan and similar oil-exporting countries should reduce the dependence of GDP per capita, the exchange rate, and total trade turnover from oil resources and its prices in the global market. Therefore, these countries should attempt to the diversification of GDP per capita, the exchange rate, and other sources of total trade turnover.

scholarly journals Non-Price Criteria for the Evaluation of the Tender Offers in Public Procurement of Ukraine

2020 ◽  
Vol 8 (3) ◽  
pp. 44
Author(s):  
Alexander Baranovsky ◽  
Nataliia Tkachenko ◽  
Vladimer Glonti ◽  
Valentyna Levchenko ◽  
Kateryna Bogatyrova ◽  
...  
Keyword(s):  
Public Procurement ◽  
Well Being ◽  
Gdp Per Capita ◽  
Tender Offers ◽  
Product Categories ◽  
Per Capita ◽  
The Government ◽  
The Impact ◽  
Over Time ◽  
The Eu

Traditionally, public procurement has been associated with the measurement of achieving savings. However, recent research shows that the economic impact of public procurement is not limited only to savings, but by measuring the impact of four capitals—natural, human, social, and economic—on sustainable well-being over time. Ukraine is a country with a very low gross domestic product (GDP) per capita, which exacerbates the problem of the impact of public procurement results on the population’s welfare. Ukrainian public procurement legislation allows customers to apply non-price criteria (the share of non-price criteria cannot be more than 70%), which, together, are taken into account in the formula of the quoted price. The studies show that the effect of the use of non-price criteria depends on the relevance of the method of the evaluation of non-price criteria. The most important non-price criteria for Ukrainian customers by product categories and the methods of their evaluation are analyzed according to the Bi.prozorro.org analytics module. Therefore, it is concluded that the quoted price method, which is used in Ukrainian practice, is not relevant in comparison with the method used in the EU. A survey of the government buyers on the practice of applying non-price criteria was conducted, and the areas of their use were identified.

Sign in / Sign up

Export Citation Format

Share Document