Education And Economic Growth In Korea, 1966 To 1997

This paper examines the aggregate production function for Korea, using direct estimates of human capital.  The contribution of this study possibly provides be affirmation of the myriad role education plays in Korean society, including that of economic growth.  I have used the Cobb-Douglas production and time series data of physical capital, labor force, and human capital measurements. In terms of an estimation technique, I have used modern time series methods specifically designed to deal with covariance stationary based on the Augmented Dickey-Fuller (ADF) unit root tests.  To date, these techniques have not been frequently used to explore the nature of quantity and quality human capital variables, physical capital, and labor variables.  This study has led me to the conclusion that the level of human capital is a significant determinant for economic growth.  The coefficient for the quality of human capital stock, however, I found to be negative and significant.  These measures ignore the important role of training and learning through practice, and the productivity effect of the educational curriculum.

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FDI and economic growth: empirical evidence from Pakistan

Journal of Economic and Administrative Sciences ◽

10.1108/jeas-12-2014-0035 ◽

2016 ◽

Vol 32 (1) ◽

pp. 63-76 ◽

Cited By ~ 7

Author(s):

Naqeeb Ur Rehman

Keyword(s):

Economic Growth ◽

Time Series ◽

Human Capital ◽

Time Series Data ◽

Negative Relationship ◽

Series Data ◽

Literacy Rate ◽

Content Type ◽

Low Level ◽

The Relationship

Purpose – The purpose of this paper is to investigate the relationship between FDI and economic growth. Two models have been used to analyse the time series data on Pakistan from 1970 to 2012. This paper contributes to the existing literature by examining the different empirical methods to estimate the relationship between FDI and economic growth. The vector error correction model (VECM) results suggest that FDI depends on the economic growth but this relationship is not true vice versa. The second model showed that FDI, human capital and exports are important factors of economic growth. However, the negative relationship between interactive variables (FDI and human capital) and economic growth indicates that low level of human capital affect the economic growth of Pakistan. Design/methodology/approach – Used time series data (1970-2012) for empirical analysis. Findings – The VECM results suggest that FDI depends on the economic growth but this relationship is not true vice versa. The second model showed that FDI, human capital and exports are important factors of economic growth. However, the negative relationship between interactive variables (FDI and human capital) and economic growth indicates that low level of human capital affect the economic growth of Pakistan. Research limitations/implications – The limitations of this empirical paper are as follows: it would be better to use secondary school enrolment (per cent) to measure human capital instead adult literacy rate. Similarly, the non-availability of R & D data on Pakistan limited the scope of the paper to measure the role of absorptive capacity of domestic and its relationship with FDI. The results of this paper are specifically related to Pakistan and cannot be generalized to other countries. Practical implications – This empirical study implies that Pakistan should improve its economic growth. The robust policies are required to increase the literacy rate of the country. Higher human capital will attract more FDI into the economy and may reduce the unemployment. This would increase the national output of the country and their national income level. Presently, Pakistan is going through war on terror and foreign firms are reluctant to invest. A stable and secure business environment will ultimately inject foreign direct investment into Pakistan. Originality/value – This paper is first time analyse the time series data to explore the relationship between FDI and economic growth. A new approach has been used called VECM.

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PENGARUH KUNJUNGAN WISATAWAN DAN RATA-RATA PENGELUARAN WISATAWAN TERHADAP PAD DAN PERTUMBUHAN EKONOMI PROVINSI BALI

E-Jurnal Ekonomi dan Bisnis Universitas Udayana ◽

10.24843/eeb.2021.v10.i06.p02 ◽

2021 ◽

pp. 511

Author(s):

I Gede Dea Joendra Septyana Putra ◽

Ni Luh Karmini ◽

I Wayan Wenagama

Keyword(s):

Economic Growth ◽

Time Series ◽

Time Series Data ◽

Secondary Data ◽

Data Sources ◽

Series Data ◽

Local Revenue ◽

Analysis Technique ◽

Secondary Data Sources

This study aims to analyze the effect of the number of tourist visits and the average tourist expenditure on the local income of Bali Province, to analyze the effect of the number of tourist visits, average tourist expenditure, and local income on the economic growth of Bali Province, and to analyze the role of income. native areas in mediating the effect of the number of tourist visits and the average tourist expenditure on the economic growth of Bali Province. The data used in this research is secondary data, with the method of observation by observing documents or secondary data sources that are related. This study uses time series data with a total of 30 years of observations from 1990-2019, with the analysis technique used is Path Analysis. This study shows the results that the number of tourist visits and the average tourist expenditure have a positive and significant effect on local income in Bali Province. The number of tourist visits, the average tourist expenditure and local revenue have a positive and significant effect on economic growth in Bali Province. Own-source revenue mediates the effect of the number of tourist visits and the average tourist expenditure on economic growth in Bali Province.

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Resource–Economic Growth Nexus, Role of Governance, Financial Development, Globalisation and War: Dynamic Approach

10.20944/preprints201904.0096.v1 ◽

2019 ◽

Author(s):

Sorush Niknamian

Keyword(s):

Economic Growth ◽

Time Series ◽

Financial Development ◽

Time Series Data ◽

Good Governance ◽

Series Data ◽

Negative Effect ◽

The Government ◽

Rich Countries

This study reassesses the resource–economic growth nexus by incorporating several channels. Advanced panel time series techniques are used to analyse panel time series data from 1980 to 2015 in 31 oil-rich countries. Results show that oil rent augments economic growth; thus, oil rent is conducive rather than impediment for economic growth. The role of governance in economic growth is significant in the selected countries. Oil rent exerts a positive significant impact on economic growth in countries with good governance compare to countries with poor governance. Financial development is an unimportant channel in the resource–growth nexus because FD is often unable to mobilise oil rent from the government to the private sector in oil-rich countries. Globalisation is advantageous for countries and promote economic growth. Moreover, war exerts a significant negative effect on growth in the long term.

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The Causal Nexus between Public Debt and Economic Growth, A Multivariate Time Series Analysis: Experience from a SAARC Nation

Global Journal of Human-Social Science ◽

10.34257/gjhssevol20is5pg45 ◽

2020 ◽

pp. 45-52

Author(s):

Subroto Dey ◽

Subrata Saha ◽

Dipti Bhowmik

Keyword(s):

Economic Growth ◽

Time Series ◽

Public Debt ◽

Time Series Data ◽

Multivariate Time Series ◽

Control Variable ◽

Series Data ◽

Fiscal Year ◽

Augmented Dickey Fuller ◽

Short Run

This research paper enquires about the topicality of the dependence of Bangladesh’s economy on public debt. Several authors examined the bearings of public debt and economic growth in different counties and they provided mixed results about the direction of the relation. This study is conducted to find out the causal relationship between public debt and growth from the perspective of Bangladesh’s economy, and we use export as a control variable. We excerpted annual time series data from the World Bank website (WDI), IMF, and fiscal year 1986 to 2018 data were gathered. One can treat budget deficit as the mother of public debt because the incarnation of the former usually precedents to the creation of the later. Several econometric tools have been behaved as Augmented Dickey-Fuller (ADF), Phillips – Peron (PP), Johansen co integration, Vector error correction model, and Granger casualty to explore short-run causality of public debt on growth.

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The Effect of Foreign Direct Investment Human Capital and Community Welfare

International Journal of Scientific Research in Science Engineering and Technology ◽

10.32628/ijsrset218523 ◽

2021 ◽

pp. 244-251

Author(s):

Ifqi Khairunnisa ◽

Sri Hartojo ◽

Yeti Lis Purnamadewi

Keyword(s):

Economic Growth ◽

Time Series ◽

Human Capital ◽

Foreign Direct Investment ◽

Direct Investment ◽

Time Series Data ◽

National Development ◽

Structural Equations ◽

Series Data ◽

Simultaneous Equation System

National development goals are not merely to create growth in Gross Domestic Product (GDP) and high per capita income. But more than that, it expected to alleviate poverty levels and income inequality in every class of society. Foreign Direct Investment (FDI) one of the most important investment to accelerate economic growth. The advantages of FDI inflow for host country are: capital accumulation; job creation; transfer of technology and management; and access to international market networks. This study aims to determine the relationship between FDI, economic growth, human capital, and community welfare. The quantitative analysis method in this study uses a simultaneous equation system model with six structural equations: domestic investment, economic growth, public consumption, education, health, unemployment and poverty. In addition, there are 3 identity equations: investment equation, the labour force, and economic growth. All data is a combination of cross-sectional and time-series data. The cross-section data used are 33 provinces in Indonesia and the time series data for the period 2010 to 2019.

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The Impact Of Human Capital On Nigeria's Economic Growth

European Scientific Journal ESJ ◽

10.19044/esj.2021.v17n15p393 ◽

2021 ◽

Vol 17 (15) ◽

Author(s):

Yusufu Nigel Bachama ◽

Aisha Adamu Hassan ◽

Bello Ibrahim

Keyword(s):

Economic Growth ◽

Human Capital ◽

Time Series Data ◽

Trade Openness ◽

Health Sector ◽

Series Data ◽

Development Indicators ◽

Distributed Lag ◽

The Impact

Despite abundant evidence at microeconomic level, the role of human capital in promoting economic growth and development has not been well documented at the macroeconomic level – specifically in developing countries. This paper seeks to examine the role of human capital on economic growth in Nigeria using time series data covering the period from 1970-2019. The data are sourced from Central Bank of Nigeria (CBN) statistical bulletin and World Development Indicators of the World Bank. The data are analyzed using Autoregressive Distributed Lag model (ARDL). The study reveals that expenditure on health and education are found to be positively and significantly related with economic growth both in the short-run and long-run. However, labor negatively impact on economic growth and it was found to be significant. Again, trade openness and inflation are insignificant in explaining economic growth in this paper. Thus, the paper recommends that, Nigerian government should focus on improving the educational and health sector. Meaning that, huge amount of government budgetary allocation should be directed toward educational and health sector. So also, government should create more jobs opportunities (through skills acquisitions/ vocational training) to minimize the unemployment rate in the country.

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ANALISIS PENGARUH INFRASTRUKTUR PUBLIK TERHADAP PRODUK DOMESTIK BRUTO PERKAPITA DI INDONESIA

IQTISHODUNA ◽

10.18860/iq.v0i0.1753 ◽

2012 ◽

Author(s):

Eko Fajar Cahyono, David Kaluge

Keyword(s):

Economic Growth ◽

Time Series ◽

Gross Domestic Product ◽

Time Series Data ◽

Positive Impact ◽

Physical Capital ◽

Domestic Product ◽

Series Data ◽

Public Infrastructure ◽

Correction Model

This study aims to measure how far the influence of public infrastructure such as roads, electricity, and telephone to Gross Domestic Product in Indonesia. This research is based on the theory of classical and neoclassical economic growth which assumes that the infrastructure is physical capital that relate either directly or indirectly to economic growth. This research used error correction model analysis and time series data. Based on estimates found that public infrastructure have a significant and positive impact on Gross Domestic Product.

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Resource–Economic Growth Nexus, Role of Governance, Financial Development, Globalisation and War: Dynamic Approach

10.31219/osf.io/akhsr ◽

2019 ◽

Author(s):

Sorush Niknamian

Keyword(s):

Economic Growth ◽

Time Series ◽

Financial Development ◽

Time Series Data ◽

Good Governance ◽

Series Data ◽

Negative Effect ◽

The Government ◽

Rich Countries

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The Influence Of Small Micro Industries On Economic Growth

JEJAK ◽

10.15294/jejak.v12i2.17828 ◽

2019 ◽

Vol 12 (2) ◽

pp. 318-326

Author(s):

Rohadin Rohadin ◽

Yanah Yanah

Keyword(s):

Economic Growth ◽

Time Series ◽

Financial Institutions ◽

Time Series Data ◽

Series Data ◽

Growth Data ◽

Capital Access ◽

The Government ◽

Analyze Data

The purpose of this study to determine whether SMEs have a role to economic growth and how big the role of SMEs to economic growth in Indonesia. Types of data used are time series data i.e SMEs data and Economic growth data from year 2003 until 2018 in Indonesia.Tool of analyze data used in this research is multiple linear regression. The result of analysis shows that the influence between of SMEs on economic growth in Indonesia is only 12,5%, it means that Small Micro Entreprises do not have a significant influence on economic growth in Indonesia, government to accelerate the development of SMEs in Indonesia in order to contribute to economic growth as in the economic crisis that occurred in 1998 SMEs are able to survive when many large companies are bankrupt. This may be caused by SMEs owners and workers in SMEs do not pay taxes to the government so that not much contribute to the economic growth of the Indonesia. In order for SMEs to contribute to economic growth, must export their products to other countries and support from the government is needed to facilitate SMEs in obtaining capital access from financial institutions.

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Contracting Institutions, Property Rights and Economic Growth in the Post-90s Albania

European Scientific Journal ESJ ◽

10.19044/esj.2018.v14n1p176 ◽

2018 ◽

Vol 14 (1) ◽

pp. 176 ◽

Cited By ~ 1

Author(s):

Mario Curcija

Keyword(s):

Economic Growth ◽

Time Series ◽

Economic Development ◽

Property Rights ◽

Time Series Data ◽

Series Data ◽

Significant Positive Effect ◽

The Difference ◽

Positive Effect

Economists often emphasize the role of institutions in order to explain the difference in wealth and development among different countries and in their researches they mark correlation between institution and economic development. This paper tests the validity of these models referring to Albania using time-series data from 1993 to 2015. There is evidence of significant positive effect of property rights on economic growth and credit to private sector, while there is evidenced insignificant impact of contracting institutions on economic outputs. A plausible explanation of these differences may be the different flexibility towards changes on property right institution rather than contracting institutions.

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