scholarly journals Capital Ownership And Its Impact On International Trade And Economic Growth: The Tunisian Experience

2011 ◽  
Vol 4 (9) ◽  
Author(s):  
Khalifa H. Ghali ◽  
Hedi Trabelsi
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Public Capital ◽  
Private Capital ◽  
Real Output ◽  
Aggregate Production ◽  
Widespread Belief ◽  
Capital Ownership ◽  
Trade And Growth ◽  
Better Than

Despite the widespread belief that a privatized economy performs better than a centrally planned one, there is no empirical evidence on whether changing the structure of capital ownership affects trade and growth in developing countries. This paper addresses this issue by analyzing and comparing the distinctive effects of privately and publicly owned capital on international trade and economic growth. Based on a modified version of the neo-classical one-sector aggregate production technology, we investigate the intertemporal interactions among the growth rate of real output, private capital, public capital, international trade and labor. The results of applying our methodology to data from Tunisia suggest that private capital performs better than public capital in promoting economic growth and international trade.  Despite the widespread belief that a privatized economy performs better than a centrally planned one, there is no empirical evidence on whether changing the structure of capital ownership affects trade and growth in developing countries. This paper addresses this issue by analyzing and comparing the distinctive effects of privately and publicly owned capital on international trade and economic growth. Based on a modified version of the neo-classical one-sector aggregate production technology, we investigate the intertemporal interactions among the growth rate of real output, private capital, public capital, international trade and labor. The results of applying our methodology to data from Tunisia suggest that private capital performs better than public capital in promoting economic growth and international trade.  

scholarly journals ECONOMIC GROWTH PROJECTION FOR EUROPEAN UNION BY 2030

2019 ◽  
pp. 61-69
Author(s):  
Pawel Mlodkowski
Keyword(s):  
Economic Growth ◽  
Production Function ◽  
Capital Investment ◽  
Historical Perspective ◽  
Arima Model ◽  
Private Capital ◽  
Real Output ◽  
Estimated Parameters ◽  
Growth Projection ◽  
The Eu

The paper contributes to a discussion on developments in output for the EU-27 group over the next 11 years, up to year 2030. It departs from a discussion on arguments of the production function, with focus on sudden changes to population in Europe, its growth rate and composition. A brief study of population-decreasing events in the European historical perspective may represent an inspiring part. Reasons for inconsistency in estimated parameters of production function for European countries seems to be well-explained this way. The projection for the next 11 years, up to 2030 has employed the production function framework. Parameters have been estimated on the period 2004 – 2016 that matches most closely conditions that one may expect over the projection horizon. Feeding the estimated production function for the 2018-2030 forecast has employed projected population by Eurostat, while private capital investment has been generated by an ARIMA model. Projection is offered in two forms: (1) aggregated real output for the whole EU, and (2) the same category for each of the EU-27 countries.

scholarly journals Capital Flows and Economic Growth: What Roles Does Trade Liberialisation Play?

2021 ◽  
Vol 65 (1) ◽  
pp. 26-44
Author(s):  
Soliu Adegboyega ◽  
◽  
Temidayo Akinbobola ◽  
Felix Ajayi ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Public Capital ◽  
Capital Inflows ◽  
Private Capital ◽  
Development Indicators ◽  
Secondary Sources ◽  
Distributed Lag ◽  
Interactive Relationship ◽  
Foreign Capital Inflows ◽  
The Government

This paper explores by re-examining to what extent trade liberalisation has contributed to the capital inflows (both the private capital inflows and public capital inflow) on economic growth; and their interactive relationship in Nigeria between 1985 and 2018. Time series for each of the variables were collected from secondary sources on yearly basis, extracted from World Development Indicators (WDI) and the variables were measured as percentage of GDP, while Autoregressive Distributed Lag (ARDL) technique is used to show the extent to which the variables were co-integrated and established that both private capital inflows and public capital inflows with the helps of trade liberalization inhibited economic growth in Nigeria. The study further revealed that the coefficient of error correction was negative and highly significant, as well as establishing long-term cointegration. Also, our study affirms partial existence of Bhagwati's hypothesis. Hence, the government needs to restructure and reengineer most of its trade policies, in order to significantly mpact various forms of foreign capital inflows, and subsequently enhance economic growth by creating an enabling economic environment to facilitate adequate inflows of capital inflows.

scholarly journals Impact De La Fiscalite Sur La Croissance Economique Du Maroc

2017 ◽  
Vol 13 (4) ◽  
pp. 104 ◽  
Author(s):  
Moustapha Hamzaoui ◽  
Nezha Bousselhami
Keyword(s):  
Economic Growth ◽  
Production Function ◽  
Public Capital ◽  
Simultaneous Equations ◽  
Tax Revenue ◽  
Private Capital ◽  
Function Type ◽  
The Public ◽  
Endogenous Growth Model ◽  
The Relationship

This paper examines how the taxation (tax revenue) affects the economic growth in Morocco relying to the endogenous growth model of Barro (1990). After recalculating a new series of public capital and private capital and based on simultaneous equations model, one production function type Cobb Douglas with 3 factors (public capital, private capital and employment) has been estimated with data covering the period 1980-2015. The idea is to measure the effect of taxation on economic growth through its impact on public capital. The results find that the relationship between the two variables is positive. The householders can finance the public capital by taxes. And the public capital improves the economic growth.

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