scholarly journals Time Series Stochastic Properties Of Growth Miracles And Growth Disasters

2011 ◽  
Vol 5 (11) ◽  
Author(s):  
Rafael Avila ◽  
Hugo J. Faria ◽  
Hugo Montesinos-Yufa ◽  
Daniel Morales
Keyword(s):  
Growth Rate ◽  
Unit Root ◽  
Population Growth Rate ◽  
Gdp Per Capita ◽  
Government Expenditures ◽  
Average Growth ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
Stochastic Properties

Preliminary findings of this research suggest significant stochastic properties differences between growth miracles and growth disasters. Miracles real GDP per capita exhibit at least one unit root whereas disasters is either stationary or has a negative unit root. Average growth rates appear to be significantly different. Average population growth rate is stationary for disasters, for miracles the existence of a negative unit root cannot be rejected. Consumption for miracles is either stationary or tends to decline, for disasters is stationary or tends to increase. Investment average and volatility are apparently significantly greater for miracles. Government expenditures for disasters are non stationary, for miracles are stationary with an incipient tendency to decline. Moreover, average government expenditures apparently are greater and more volatile for disasters. Finally, openness is stationary for disasters and for miracles it has at least one unit root.

scholarly journals Government Spending and Real Exchange Rate Case of Albania

2013 ◽  
Vol 2 (4) ◽  
pp. 303 ◽  
Author(s):  
Edmira Cakrani ◽  
Pranvera Resulaj ◽  
Luciana Koprencka (Kabello)
Keyword(s):  
Exchange Rate ◽  
Real Exchange Rate ◽  
Unit Root ◽  
Direct Investment ◽  
Gdp Per Capita ◽  
Explanatory Variables ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
The Impact

Various studies have found that governmentspending can lead to overestimation orunderestimation of the real exchange rate, depending on the composition of theseexpenditures. The purpose of this paper is toassess the impact of government spendingon real exchange rate in Albania. In this paper is used a log liner model with quarterlydata. Other explanatory variables in this model are: foreign direct investment, remittances,real GDP per capita, openness. Variables are tested for unit root and cointegration. Theresults indicate that government spendingis associated with overvaluation of realexchange rate in Albania.JEL Classification: E62; F31Various studies have found that governmentspending can lead to overestimation orunderestimation of the real exchange rate, depending on the composition of theseexpenditures. The purpose of this paper is toassess the impact of government spendingon real exchange rate in Albania. In this paper is used a log liner model with quarterlydata. Other explanatory variables in this model are: foreign direct investment, remittances,real GDP per capita, openness. Variables are tested for unit root and cointegration. Theresults indicate that government spendingis associated with overvaluation of realexchange rate in Albania.

scholarly journals Explaining Growth in African Countries – What Matters?

2019 ◽  
Vol 69 (3) ◽  
pp. 467-484
Author(s):  
José Augusto Lopes Da Veiga ◽  
Alexandra Ferreira-Lopes ◽  
Tiago Neves Sequeira ◽  
Marcelo Serra Santos
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Public Debt ◽  
Gdp Per Capita ◽  
African Countries ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Short Run ◽  
Per Capita ◽  
Determinants Of Economic Growth

In this paper we analyse the role of the traditional determinants of economic growth in the African countries in the period between 1950 and 2012. Due to the specificity and the single nature of each one of these countries, methods that take into account observed and unobserved heterogeneity are used. Results highlight the relevance of the growth rate of the capital stock to growth in the short-run, which is significant in all regressions. The growth rate of the government to GDP ratio is also important in all but one of the regressions in which it appears, and its growth is harmful for the growth of GDP per capita in the short-run. The variables related to public debt do not present any relationship with economic growth. Human capital has a positive relationship with economic growth in regressions that do not include public debt. The growth rate of real GDP per capita also depends (negatively) on its past value, i.e., the lower the real GDP per capita the higher will be its growth rate.

Measuring the Impact of Tourism on Economic Growth

2007 ◽  
Vol 13 (3) ◽  
pp. 379-388 ◽  
Author(s):  
Stanislav Ivanov ◽  
Craig Webster
Keyword(s):  
Economic Growth ◽  
General Equilibrium ◽  
Computable General Equilibrium ◽  
Gdp Per Capita ◽  
Equilibrium Models ◽  
Computable General Equilibrium Models ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
The Impact

This paper presents a methodology for measuring the contribution of tourism to an economy's growth, which is tested with data for Cyprus, Greece and Spain. The authors use the growth of real GDP per capita as a measure of economic growth and disaggregate it into economic growth generated by tourism and economic growth generated by other industries. The methodology is compared with other existing methodologies; namely, Tourism Satellite Account, Computable General Equilibrium models and econometric modelling of economic growth.

EXPORT-GROWTH NEXUS WHILE USING THE BLOCK EXOGENEITY: EMPIRICAL EVIDENCE FROM PAKISTAN

2020 ◽  
Vol 11 (1) ◽  
pp. 25-46
Author(s):  
Zia Ur Rahman
Keyword(s):  
Economic Growth ◽  
Trade Openness ◽  
Time Frame ◽  
Capital Formation ◽  
Gdp Per Capita ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
Import Trade ◽  
Bound Test

The core objective of the study is to analyze the association between export and eco-nomic growth under the consideration of the time frame 1967 to 2017 for Pakistan economy. The review of literature assists to find out the frequently utilize factors are the real GDP per capita, export, import, trade openness, fiscal development and capi-tal formation possible determinants of the economic growth. However, Export Led Growth (ELG) hypothesis is oftenly employed to elaborate the affiliation between ex-port and the growth. Autoregressive distributed lag (ARDL) bound test approach to cointegration accompanied with the structural break and vector auto regressive (VAR) are employed to analysis the long-term association among real GDP per capita, ex-port, import, trade openness, fiscal development and capital formation. The empirical analysis confirms the cointegration among the factors and the ELG hypothesis holds in Pakistan economy. The Block Exogeneity reveals that export and the capital for-mation have strong influence to stimulate the economic growth. While all the other factors have cumulative influence on the growth. Moreover, the impulse response exposes that if the shock of real GDP per capita, import, trade openness, fiscal devel-opment and the capital formation are given to the export, then response of export would be positive in the coming time frame.

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