scholarly journals THE EFFECTS OF R&D EXPENDITURES ON ECONOMIC GROWTH IN OECD COUNTRIES

2020 ◽  
Vol 1 (2) ◽  
pp. 175
Author(s):  
Amanah Abdulkadir ◽  
Wendra Afriana ◽  
Harry Azis
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Internet Access ◽  
Oecd Countries ◽  
Short Term ◽  
General Hypothesis ◽  
Government Research ◽  
The Relationship ◽  
Positive Effect

This study investigates the relationship between R&D and economic growth in 33 OECD countries. This research uses panel data method. The results showed that there are three independent variables that affect economic growth. Namely, gross domestic expenditure on R&D, government research, and internet access. However, gross domestic expenditure on R&D and government research has a negative impact on economic growth. With the t-statistics of -2.944775 and -0.203002, respectively. While the t-statistic for internet access variable is 2.460783. This shows that only the internet access variable has a positive effect on economic growth. Meanwhile, the variable access to computers from home does not affect economic growth, because the probability is 0.0674 or> 0.05. These findings do not support the general hypothesis that R&D expenditures will have a positive impact on economic growth. The research agenda must be clear, substantive and short-term and must be implemented as a consideration in making decisions. So that every investment in R&D spending provides benefits with the hope of creating new innovations, so that the Indonesian economy grows positively.

scholarly journals How do Poverty and Income Inequality affect Economic Growth in Developing Countries?

2021 ◽  
Vol 4 (2) ◽  
pp. 547-558
Author(s):  
Hamza Saleem ◽  
Fatima Farooq ◽  
Muhammad Aurmaghan
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Income Inequality ◽  
Negative Impact ◽  
Positive Impact ◽  
Development Indicators ◽  
The Relationship ◽  
Positive Effect ◽  
World Development

The major objective of this research is to examine the relationship between poverty, income inequality and economic growth from some selected developing countries. This study uses panel data for the period of 2002-2015. All the data is taken from world development indicators (WDI). To find out the results, we have used Hausman test an econometrics technique for panel data in this research. The results of the study indicate that poverty and income inequality have a negative impact on economic growth on the other hand Gross capital formation, labor force, total population and government consumption and expenditure have a positive impact on economic growth. The result tells us that changes in these variables have a significant and positive effect on the dependent variable. To achieve the goal of economic growth developing countries should reduce poverty and take meaningful steps to overcome the problem of inequality in the society which can be very helpful in achieving the goal of economic growth.

The Relationship Between Economic Growth and Innovation

2020 ◽  
pp. 358-382
Author(s):  
Samet Akça ◽  
Bilge Afşar
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Unit Root ◽  
Oecd Countries ◽  
Patent Applications ◽  
The Relationship ◽  
Positive Effect

This chapter studies innovation and economic growth and emphasizes their relationship. In this context; innovation and economic growth outputs of 16 OECD countries between 2005 and 2015 are analyzed. GDP is considered as economic growth variable, R&D investments in GDP (%), and patent applications are considered as innovation variables. In light of these variables, panel data analyze is used. Unit root, Pedroni co-integration and FMOLS tests were applied with the order. As a result, the increase in patent applications and R&D investments was found to have a positive effect on economic growth.

scholarly journals The Impact of Public Expenditure on Economic Growth: A Review of International Literature

2019 ◽  
Vol 19 (2) ◽  
pp. 81-101
Author(s):  
Sheilla Nyasha ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Government Spending ◽  
Public Expenditure ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Empirical Literature ◽  
The Impact ◽  
The Relationship

Abstract Research background: Although a number of studies have been conducted on the relationship between public expenditure and economic growth, it is difficult to tell with certainty whether or not an increase in public expenditure is good for economic growth. This lack of consensus on the results of the previous empirical findings makes this study of paramount importance as we take stock of the available empirical evidence from the 1980s to date. Purpose: In this paper, theoretical and empirical literature on the relationship between government expenditure and economic growth has been reviewed in detail. Focus was placed on the review of literature that assessed the impact of government spending on economic growth. Research Methodology: This study grouped studies on the impact of public expenditure on economic growth based on their results. Three groups emerged – positive impact, negative impact and no impact. This was followed by a review of each relevant study and an evaluation of which outcome was more prevalent among the existing studies on the subject. Results: The literature reviewed has shown that the impact of government spending on economic growth is not clear cut. It varies from positive to negative; with some studies even finding no impact. Although the impact of government spending on economic growth was found to be inconclusive, the scale tilts towards a positive impact. Novelty: The study provides an insight into the relationship between public expenditure and economic growth based on a comprehensive review of previous empirical evidence across various countries since the 1980s.

scholarly journals The Relationship between Property Rights and Economic Growth: an Analysis of OECD and EU Countries

2015 ◽  
Vol 6 (4) ◽  
pp. 217-239 ◽  
Author(s):  
Ceyhun Haydaroğlu
Keyword(s):  
Economic Growth ◽  
Property Rights ◽  
Institutional Structure ◽  
Macro Level ◽  
Short Term ◽  
Eu Countries ◽  
Bounds Test ◽  
The Relationship ◽  
Positive Effect ◽  
Level Property

Abstract In recent years, institutions and institutional structure have become some of the most popular concepts analyzed by economics theory. New growth theories have especially focused on the effects of institutions and institutional structure on a macro level. Property rights are one of the most important elements of this institutional structure. The relationship between property rights and economic growth have drawn the attention of many researchers and policymakers in recent years. The aim of this study, covering the period 2007–2014, is to examine the relationship between property rights and economic growth with the help of PARDL in OECD and EU countries. According to the result of a bounds test, there is cointegration between the variables. The long- and short-term relationships between series were determined and the results taken from the analysis show that there is a positive effect on economic growth in those countries.

scholarly journals Impact of Sectoral Decompositions of Electricity Consumption On Economic Growth In India: Evidence From SVAR Framework

2021 ◽  
Author(s):  
Debi Prasad Bal ◽  
Sujit Kumar Patra ◽  
Seba Mohanty
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Electricity Consumption ◽  
Factor Productivity ◽  
Agriculture Sector ◽  
Speed Up ◽  
Dea Method ◽  
Similar Kind ◽  
Positive Effect

Abstract This study examine the effects of electricity consumption from different sectors such as agricultural, commercial, domestic, Industrial (HV), Industrial (LV-MV) and Miscellaneous sector on economic growth over the period of 1981-2019 in case of India. We used SVAR framework and concluded that the consumption of electricity from agriculture sector has a negative impact on economic growth. Whereas, the Industrial (HV and MV-LV) and commercial electricity consumption have positive impact on economic growth. Similarly, electricity consumption by the domestic sector has less positive effect on economic growth. Further, we computed the total factor productivity growth (TFP) by using DEA method and show the effects of sector wise electricity consumption on TFP as the robustness of our analysis. We obtain similar kind of results. From the policy perceptive, the study suggests that government must speed up the construction of a power grid to improve the availability of electricity for achieving higher rate of economic growth.

scholarly journals Relationship between Economic Growth, Unemployment and Poverty: Analysis at Provincial Level in Vietnam

2016 ◽  
Vol 8 (12) ◽  
pp. 113 ◽  
Author(s):  
Nguyen Hoang Quy
Keyword(s):  
Economic Growth ◽  
Empirical Study ◽  
Poverty Reduction ◽  
Negative Impact ◽  
Positive Impact ◽  
Public Investment ◽  
Research Results ◽  
Provincial Level ◽  
Sustainable Economic Growth ◽  
The Relationship

This empirical study analyzes the relationship between economic growth, unemployment and poverty at provincial level in Vietnam. The study is conducted on a sample of 245 year observations in 63 Vietnam provinces for the period of 2012-2015. The research results show that: Firstly, public investment has a positive impact on economic growth. Secondly, poverty, and export & import have a negative impact on unemployment. Thirdly, public investment has a significant and positive impact on unemployment. Fourthly, unemployment; export & import; and public investment have a negative impact on poverty. On the basis of our findings, we suggest 03 groups of recommendations for sustainable economic growth, poverty reduction, and unemployment reduction of Vietnam provinces.

scholarly journals The Impact of Regulatory Capital and Bank Characteristics on the Relationship between Bank Competition and Risk Taking in the Banking System

2021 ◽  
Vol 28 (1) ◽  
pp. 87
Author(s):  
Eman Abdel-Wanis
Keyword(s):  
Risk Taking ◽  
Negative Impact ◽  
Positive Impact ◽  
Banking System ◽  
Bank Risk ◽  
Bank Competition ◽  
Regulatory Capital ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

This paper explores the association between bank competition, regulatory capital, and bank risk taking in an Egyptian setting and to examine the interaction between bank competition and regulatory capital and their impact on bank risk taking in developing countries like Egypt and also investigate the effect of bank characteristics on the relationship between bank competition and bank risk taking through a sample of 27 Egyptian listed banks during the period 2012-2018 using OLS regression . Results indicated that there is a negative impact of bank competition on the bank risk taking and a positive effect of regulatory capital on bank risk taking in the Egyptian listed banks. Results show that increase regulatory play a vertical role in enhance association between competition and bank risk taking and also, there is a positive impact of bank characteristics like: bank size and divarication on bank risk taking in the Egyptian banks. Results refer to there is no effect of bank type, leverage and profitability to support the relationship between bank competition and risk taking

scholarly journals TRADE-OFF ANALYSIS OF ECONOMIC GROWTH AND AIR POLLUTION EFFECTING DECREASE OF POOR ENVIRONMENTAL QUALITY IN SUMATERA UTARA PROVINCE

2020 ◽  
Vol 8 (1) ◽  
Author(s):  
Benni Sinaga
Keyword(s):  
Water Pollution ◽  
Economic Growth ◽  
Air Pollution ◽  
Soil Contamination ◽  
Environmental Quality ◽  
Negative Impact ◽  
Positive Impact ◽  
Series Data ◽  
The Relationship

The development of economic activities will certainly have a positive impact on increasing economic growth and also have a negative impact on pollution each year, will certainly affect the quality of the environment in the province of North Sumatera . This study aims to analyze the relationship and influence of the GDP, water pollution, air pollution and soil contamination on environmental quality in North Sumatera  province both simultaneously and partially. The data used are secondary data from BPS Sumatera  and North Sumatera  Environmental Agency in the form of time series data from 2004 to 2014. Correlation analysis using correlation with SPSS version 20. Results of correlation coefficient analysis in this study explains that economic growth (0.945), water pollution (0.969), air pollution (0.903) have the relationship is very strong, while soil contamination ( 0.803) have a strong closeness with the quality of the environment in the province of North Sumatera . The results also showed that the variables of economic growth, pollution of water, air and soil are able to explain a model of environmental quality in North Sumatera  province at 96.8 percent.

scholarly journals INVESTIGATING OF THE INCLUSIVENESS IN THE ECONOMIC GROWTH OF PAKISTAN

2019 ◽  
Vol 17 (1) ◽  
Author(s):  
Muhammad Masood Anwar ◽  
Ghulam Yahya Khan ◽  
Sardar Javaid Iqbal Khan
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Growth Index ◽  
Series Data ◽  
Inclusive Growth ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
The Relationship

Inclusive growth is a type of economic growth which is sustained over decades and provides benefits to the entire society. The main objective of the paper is to examine the relationship between economic and inclusive growth. For this purpose, inclusive growth index is constructed by four variables inequality, poverty, employment rate, and enrolment rate. To explore the relationship between economic growth with inclusive growth in Pakistan, time series data from 1971 to 2014 is used. Stationarity of the data is checked through augmented Dickey-Fuller test and on the basis of the different order of integration. Autoregressive distributed lag model is employed. The results of the study show that the growth in Pakistan is not fully inclusive. There is a half-portion of the growth share in the society. Other control variables such as investment have a positive impact, whereas inflation has a negative impact on inclusive growth.

scholarly journals PENGARUH EKSPOR HASIL MINYAK DAN IMPOR MINYAK BUMI TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

2021 ◽  
Vol 10 (1) ◽  
pp. 23
Author(s):  
Fadila Arza ◽  
Murtala Murtala
Keyword(s):  
Economic Growth ◽  
Secondary Data ◽  
Vector Error Correction Model ◽  
Short Term ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
The Relationship ◽  
Positive Effect

This study aims to analyze the effect of oil product exports and petroleum imports on the economic growth of Indonesia. This study uses secondary data. The method used to analyze the relationship between endogenous and exogenous variables is a dynamic model with the Vector Error Correction Model (VECM) approach. The results in the long-term and short-term show that Oil Products Exports have a positive effect on the Economic Growth of Indonesia. In the long-term and short-term, petroleum imports negatively influence the economic growth of Indonesia.Keywords:Oil Product Exports, Crude Oil Imports, Economic Growth

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