scholarly journals Cointegration Entre Corruption Et Croissance Economique A Travers Le Canal De L’investissement : Evidence Empirique Moyennant L’approche ‘’ARDL Bound Testing’’ Dans Le Cas De La Tunisie

2016 ◽  
Vol 12 (16) ◽  
pp. 424
Author(s):  
Badry Hechmy
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Large Scale ◽  
Public Investment ◽  
Institutional Reforms ◽  
Real Gdp ◽  
The Relationship

This study focuses on the relationship between corruption and economic growth in Tunisia from 1987 to 2013, and is mainly interested in the role of discretion and distortion in public spending. To explore the relationship between the variables of interest, ARDL Bound testing approach of Pesaran and Shin (1999) was used. The empirical results show that corruption negatively affects long-term economic performance. And suggest that public investment large scale is not necessarily desirable in an environment characterized by corruption, because it results in a waste of public funds. However the estimation of an ECM model of short-term dynamics shows that corruption is associated with an increase in real GDP per head. The results support the idea that corruption undermines long-term economic performance and call for institutional reforms to improve the quality of governance as a prerequisite for extensive economic growth.

The Quality of Government and Economic Growth

2021 ◽  
pp. 358-377
Author(s):  
Pelle Ahlerup ◽  
Thushyanthan Baskaran ◽  
Arne Bigsten
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
High Growth ◽  
Economic Life ◽  
Cultural Norms ◽  
Limited Evidence ◽  
Institutional Challenges ◽  
The Relationship

This chapter reviews the literature on the relationship between the quality of government (QoG) and economic growth. As there is limited evidence on the link between QoG narrowly defined and growth, our focus is on the role of related aspects, such as democracy, formal institutions, and cultural norms. We discuss institutional challenges in generating and sustaining high growth rates. We then review the evidence on how QoG, and related aspects of political and economic life, affect growth and pay attention to the relevant channels. We also discuss whether it is harder to sustain growth if it increases inequality. Since a government needs to be both efficient and impartial to support aggregate economic performance, we argue that it is too strict to let QoG be defined as impartiality only.

The Second Start of Transformation in Ukraine?

2014 ◽  
pp. 30-52 ◽  
Author(s):  
L. Grigoryev ◽  
E. Buryak ◽  
A. Golyashev
Keyword(s):  
Economic Growth ◽  
Armed Conflict ◽  
Political Crisis ◽  
Investment Climate ◽  
Institutional Reforms ◽  
Personal Consumption ◽  
Governance Quality ◽  
Political Turmoil

The Ukrainian socio-economic crisis has been developing for years and resulted in the open socio-political turmoil and armed conflict. The Ukrainian population didn’t meet objectives of the post-Soviet transformation, and people were disillusioned for years, losing trust in the state and the Future. The role of workers’ remittances in the Ukrainian economy is underestimated, since the personal consumption and stability depend strongly on them. Social inequality, oligarchic control of key national assets contributed to instability as well as regional disparity, aggravated by identity differences. Economic growth is slow due to a long-term underinvestment, and prospects of improvement are dependent on some difficult institutional reforms, macro stability, open external markets and the elites’ consensus. Recovering after socio-economic and political crisis will need not merely time, but also governance quality improvement, institutions reform, the investment climate revival - that can be attributed as the second transformation in Ukraine.

scholarly journals Export Earnings, Capital Instability and Economic Growth in South Asia

2003 ◽  
Vol 8 (1) ◽  
pp. 65-89
Author(s):  
Muhammad Aslam Chaudhary ◽  
Amjad Naveed
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Foreign Capital ◽  
Developed Countries ◽  
Export Diversification ◽  
Asian Countries ◽  
The Impact ◽  
The Relationship

During the last two decades the role of international trade and flow of foreign capital have received considerable attention in the literature. Various studies have examined the impact of export instability and capital instability on economic growth in less developed countries.1 Empirical evidence supports the hypothesis of a deleterious impact of export instability on economic growth. However, some studies also indicated that the relationship was unstable but positive with economic growth.2 Yet there are no systematic empirical investigations into the implied links between export diversification and long-term economic growth, particularly in the case of South Asian countries. The major concern regarding export instability is that it retards economic growth.

scholarly journals The Role of Exports in African Economic Development:  A Comparative Study of Mauritius and Tunisia

2021 ◽  
Author(s):  
◽  
Simon Michael Carey
Keyword(s):  
Economic Growth ◽  
Growth Process ◽  
Institutional Environment ◽  
Real Gdp ◽  
Export Policies ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
Econometric Tests ◽  
The Relationship

<p>Mauritius and Tunisia stand out as two remarkable exceptions to the African economic growth experience. Since their respective independences in 1968 and 1956, both have achieved average real GDP per capita growth well in excess of three percent per year. Export policies featured highly in the developmental strategies of both countries as they transitioned through a dependency on agriculture into manufacturing and then services. What makes this comparison so interesting is that despite such similar success, Tunisia and Mauritius are fundamentally very different. This study comprises the first ever in-depth comparison of these two countries, presenting a qualitative analysis and then augmenting it with a comprehensive set of econometric tests. The focus is on the relationship between exports and economic growth, but the discussion explores the wider context in both countries. Using the Granger-causality approach, we find strong evidence for export-led growth in Mauritius, but no significant evidence of any causal relationship in Tunisia. On the basis of a broader analysis we argue that exports were still important in both countries, but appear to have been more central to the growth process in Mauritius. This broader analysis also highlights that other factors – such as a strong institutional environment – were important in facilitating or directly contributing to such consistent growth.</p>

scholarly journals Environmental Kuznets curve and growth source in Iran

2012 ◽  
Vol 59 (5) ◽  
pp. 609-623 ◽  
Author(s):  
Maryam Asghari
Keyword(s):  
Economic Growth ◽  
Environmental Degradation ◽  
Environmental Kuznets Curve ◽  
Co2 Emission ◽  
Turning Point ◽  
Kuznets Curve ◽  
Per Capita ◽  
The Relationship

Recent empirical research has examined the relationship between certain indicators of environmental degradation and income, concluding that in some cases an inverted U-shaped relationship, which has been called an environmental Kuznets curve (EKC), exists between these variables. The source of growth explanation is important for two reasons. First, it demonstrates how the pollution consequences of growth depend on the source of growth. Therefore, the analogy drawn by some in the environmental community between the damaging effects of economic development and those of liberalized trade is, at best, incomplete. Second, the source of growth explanation demonstrates that a strong policy response to income gains is not necessary for pollution to fall with growth. The aim of this paper investigates the role of differences source of growth in environmental quality of Iran. The results show the two growth resources in Iran cause, in the early stages, CO2 emission decreases until turning point but beyond this level of income per capita, economic growth leads to environmental degradation. I find a U relationship between environmental degradation (CO2 emission) and economic growth in Iran.

Asymmetric Equilibrium Adjustment between Employment and Economic Growth in Côte d’Ivoire

2013 ◽  
pp. 1-9
Author(s):  
Coffie Francis José N’Guessan
Keyword(s):  
Economic Growth ◽  
Private Sector ◽  
Macroeconomic Policies ◽  
Threshold Autoregressive ◽  
Threshold Autoregressive Model ◽  
Real Gdp ◽  
Short Run ◽  
The Relationship ◽  
Cointegration Relationship

In this chapter, the author investigate the possibility of asymmetry in the relationship between employment in the modern private sector and economic growth as measured by real Gross Domestic Product (GDP). The analysis is based on a threshold cointegration model. The use of a momentum threshold autoregressive model led to the rejection of the hypothesis of no cointegration, implying that the cointegration relationship between employment and real GDP is asymmetric. The error correction model developed thereafter suggests that in the short-run, when employment is above its long-term trend, the disequilibrium is adjusted via a decreasing of real GDP. However, it seems like adjustment does not occur when employment is below its equilibrium value. This indicates that restrictive macroeconomic policies that affect the labor market can lead to a persistent employment crisis in the modern private sector.

scholarly journals Efficiency-Adjusted Public Capital, Capital Grants, and Growth

2017 ◽  
Vol 17 (168) ◽  
Author(s):  
Ernesto Crivelli
Keyword(s):  
Economic Growth ◽  
Recent Literature ◽  
Public Investment ◽  
Public Capital ◽  
Potential Growth ◽  
Investment Capital ◽  
Management Institutions ◽  
The Impact ◽  
The Relationship

Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This paper empirically assesses the relationship between the quality of public investment, capital grants, and growth in a sample of 43 emerging and peripheral economies over 1991-2015. To this end, the contribution of public capital to growth is estimated using efficiency-adjusted public capital stock series, constructed reflecting the quality of public investment management institutions. In addition, the determinants of effective public investment are analyzed. The results suggest that capital grants contribute positively to effective public investment, and the latter is significant in explaining variations in economic growth. Finally, the paper illustrates the impact of raising EU funds absorption on potential growth in emerging and peripheral EU countries.

Property Rights, Law, and Economic Development

2013 ◽  
Vol 6 (1) ◽  
Author(s):  
Guangdong Xu
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Property Rights ◽  
Economic Performance ◽  
Private Ownership ◽  
Performance Property ◽  
Role Of The State ◽  
Sustainable Economic Growth ◽  
The Relationship

AbstractThis article explores the relationship between property rights and economic performance. Property rights, or more precisely, formal, individualized property rights, have long been regarded as the fundamental precondition for sustainable economic growth. However, the available empirical evidence shows that formal private ownership fails to bring about desirable economic outcomes in most developing countries despite the advantages claimed by numerous economists and lawyers. This puzzle can be addressed by taking into consideration such factors as the functioning of related markets, the influence of social norms, and the role of the state.

scholarly journals The Impact of CEO Long-term Equity-based Compensation Incentives on Economic Growth in Collectivist versus Individualist Countries

2016 ◽  
Vol 15 (2) ◽  
pp. 109-133 ◽  
Author(s):  
Cynthia J. Campbell ◽  
Rosita P. Chang ◽  
Jack C. DeJong ◽  
Robert Doktor ◽  
Lars Oxelheim ◽  
...  
Keyword(s):  
Economic Growth ◽  
Chief Executive ◽  
Gdp Growth ◽  
Real Gdp ◽  
The Impact ◽  
To Receive ◽  
Moderating Role ◽  
Compensation Incentives

This study examines the impact of the prevalence of long-term equity-based chief executive officer (CEO) compensation incentives on GDP growth, and we address the moderating role of individualist versus collectivist cultures on this relationship. We argue that long-term incentives given to CEOs in some firms may convey to other CEOs that they too may be able to receive such incentives and rewards if they emulate the incentivized and rewarded CEOs. In a longitudinal study across 22 nations over a 5-year period, we find that the higher proportion of CEOs in a country are awarded long-term equity-based incentive compensation, the greater future real GDP growth, particularly in collectivist countries.

Sign in / Sign up

Export Citation Format

Share Document