scholarly journals Health Expenditure, CO2 Emissions, and Economic Growth: China vs. India

2020 ◽  
Author(s):  
Sampson Agyapong Atuahene ◽  
Kong Yusheng ◽  
Geoffrey Bentum-Micah
Keyword(s):  
Economic Growth ◽  
Co2 Emissions ◽  
Health Expenditure ◽  
Negative Impact ◽  
Positive Impact ◽  
Generalized Method Of Moments ◽  
Health Spending ◽  
Dynamic Panel Data ◽  
Current Debate ◽  
The Impact

Researchers’ attention has been turned on Health expenditure, Carbon emissions, and economic growth as they play a focal role in the current debate on environmental protection and sustainable development. Our paper endeavors to investigate the impact of economic growth and CO2 emissions on Health expenditure for two main countries in Asia (China and India) using a dynamic panel data model estimated employing the Generalized Method of Moments (GMM) for the period 1960–2019. Our empirical results show that there is a significant relationship between health expenditure, CO2 emissions, and economic growth. The empirical evidence indicates a significant positive impact of CO2 emissions on health expenditure whiles economic growth has a negative impact on health expenditure for both countries for the period under study. The population growth rate has transposed effect on India's health spending; on the other hand, its impact on China’s health spending is significantly positive. The strong observable correlation between health expenditure and economic growth is crucial for economic development.

scholarly journals FOOD SECURITY AND ECONOMIC GROWTH

2019 ◽  
pp. 108-118 ◽  
Author(s):  
Nur Marina Abdul Manap ◽  
Normaz Wana Ismail
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Food Security ◽  
Life Expectancy ◽  
Positive Impact ◽  
Generalized Method Of Moments ◽  
Dynamic Panel Data ◽  
Total Employment ◽  
Dry Land ◽  
The Impact

The world has seen continued famine, starvation, and malnutrition. Starvation and malnutrition have a negative impact on health, leading to poor productivity, and thus gradually affecting overall economic growth. This paper estimates the impact of food security on the economic growth of dry-land developing countries. The objective of this study is to measures the impact of food security on economic growth directly and through poverty, life expectancy, and total employment. This study employs a dynamic panel data model known as the Generalized Method of Moments (GMM). The finding of this study has proved that food security has an impact on economic growth, especially in dry-land developing countries. This research has identified that food security has a significant positive impact on food security, as an increase in food security increases economic growth. Nonetheless, food security also has an impact on economic growth in terms of life expectancy, total employment, and poverty, whereas life expectancy and total employment with better food security have a positive impact on economic growth, reduction in poverty, achieving food security and enhancing economic growth.

The Relationship Between Health Expenditure, CO2 Emissions And Economic Growth In The BRICS Countries——Based On The Fourier ARDL Model

2021 ◽  
Author(s):  
Fangjhy Li ◽  
Tsangyao Chang ◽  
Mei-Chih Wang ◽  
Jun Zhou
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Co2 Emissions ◽  
Carbon Dioxide Emissions ◽  
Health Expenditure ◽  
Alternative Energy ◽  
Health Spending ◽  
Health Expenditures ◽  
Brics Countries ◽  
The Impact

Abstract In the process of urbanization in developing countries, transportation infrastructure will be built and population migration will also occur. Although these actions can promote economic growth, they can also affect CO2 emissions. CO2 emissions will affect the health of residents, thereby changing health expenditures. The interaction of these three aspects is also a hot topic among scholars. The BRICS countries are emerging countries with the highest carbon dioxide emissions in the world. Discovering problems from empirical research is the focus of our research. This paper finds that, in the long-term, with CO2 emissions as the dependent variable and health expenditure and economic growth as the independent variables, there is a cointegration relationship between Brazil and China. In the short-term, there is a causal relationship between India’s CO2 emissions and health spending; other countries only show a one-way relationship between carbon dioxide emissions, medical spending, or economic growth. Our recommendations to the BRICS countries are as follows: (1) The BRICS countries should transform their economic development methods and use low-polluting alternative energy sources; (2) Brazil and India should pay attention to the indirect effects of economic growth and align economic growth policies with health expenditure policies. (3) South Africa should pay more attention to the sustainability of the impact of economic growth policies on health expenditures.JEL Classification: C22, E23, I18, O13,

scholarly journals Impact of Population Growth on Economic Growth in Africa: A Dynamic Panel Data Approach (1980 -2015)

2018 ◽  
Vol 6 (4) ◽  
Author(s):  
Amade Peter ◽  
Ibrahim H. Bakari
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Population Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Dynamic Panel Data ◽  
African Countries ◽  
Dynamic Panel ◽  
System Gmm ◽  
The Impact

This study examines the impact of population growth on the economic growth of African countries using panel data approach from 1980 -2015. The impact of population growth on economic growth is still largely controversial at national and regional levels. The study used annual secondary data of fifty three (53) African countries sourced from the World Development Indicators database. Data were collected for economic growth, proxied by GDP, population growth, fertility rate, crude death rate and inflation rate. The data were analyzed using descriptive statistics, as well as dynamic panel models of difference and system GMM. The results of the difference and system GMM suggest that population growth exerts a positive impact on economic growth of Africa while fertility has a negative impact on economic growth of Africa. The paper concludes and recommends that population growth impacts positively on economic growth and thus African countries should adopt and implement pragmatic policy measures that will enhance the productivity of its population so as to reap more demographic dividends.

scholarly journals Empirical Evidence Regarding the Impact of Economic Growth and Inflation on Economic Sentiment and Household Consumption

2021 ◽  
Vol 14 (7) ◽  
pp. 336
Author(s):  
Larissa Batrancea
Keyword(s):  
Economic Growth ◽  
Fixed Effects ◽  
Negative Impact ◽  
Positive Impact ◽  
Generalized Method Of Moments ◽  
Household Consumption ◽  
Global Market ◽  
Policy Implications ◽  
The European Union ◽  
The Impact

The dynamics of the interconnected global market and consumption behavior has recently changed considerably. Using a sample of 28 nations within the European Union, the study examined the degree to which economic growth and inflation impacted economic sentiment and household consumption during the time frame of December 2019 up to October 2020. The results estimated via panel generalized method of moments and panel least squares (with cross-section weights, time fixed effects) showed that economic sentiment and household consumption were significantly shaped by the proxies of economic growth and inflation. Moreover, in the case of economic sentiment, the negative impact of inflation was much stronger than the positive impact of economic growth. The reverse applied in the case of household consumption. The study draws policy implications regarding the strategies that public authorities, companies, and individual consumers could apply for stimulating national economies amid challenging times.

The nexus between financial development and energy consumption: Estimating the role of foreign direct investment, economic growth and urbanization

2021 ◽  
pp. 0958305X2110453
Author(s):  
Jaleel Ahmed ◽  
Shuja ur Rehman ◽  
Zaid Zuhaira ◽  
Shoaib Nisar
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Financial Development ◽  
Latin American ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Supply And Demand ◽  
The Impact

This study examines the impact of financial development on energy consumption for a wide array of countries. The estimators used for financial development are foreign direct investment, economic growth and urbanization. The study employed a panel data regression on 136 countries with time frame of years 1990 to 2019. The model in this study deploys system GMM technique to estimate the model. The results show that financial development has a significant negative impact on energy consumption overall. Foreign direct investment and urbanization has significant impact on energy consumption. Also, economic growth positive impact on energy consumption its mean that economic growth promotes energy consumption. When dividing further the sample into different groups of regions such as Asian, European, African, North/Latin American and Caribbean countries then mixed results related to the nexus between financial development and energy consumption with respect to economic growth, urbanization and foreign direct investment. The policymakers in these different groups of countries must balance the relationship between energy supply and demand to achieving the sustainable economic development.

scholarly journals Determinants of Basmati Exports from Pakistan: A Panel Data Analysis

2021 ◽  
Vol 3 (1) ◽  
pp. 12-18
Author(s):  
Muhammad Munwar Hayat ◽  
Raheela Khatoon
Keyword(s):  
Panel Data ◽  
Method Of Moments ◽  
Negative Impact ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Generalized Method Of Moments ◽  
Trading Partner ◽  
Dummy Variable ◽  
Export Competitiveness ◽  
The Impact

This paper aims to estimate the impact of different factors of basmati exports from Pakistan to its trading partner. Results are obtained by using the Generalized Method of Moments (GMM) model and panel data methodology with a sample of 22 countries for the period of 2003-2019. To estimate the impact of different variables on basmati exports Generalized Method of Moments (GMM) model is used on the panel dataset. The results revealed that the inflation rate of Pakistan has a negative and significant effect on the export competitiveness of Pakistani basmati. The exchange rate of Pakistan has a positive and significant impact on the basmati export, the population of Pakistan has a negative and significant impact on basmati export. Basmati production in Pakistan also has a significant and negative impact on basmati export. The Gross Domestic Product (GDP) of Pakistan has a significant and positive impact on the basmati export while the GDP of the trading partner has a significant and negative impact on the basmati export. The dummy variable for joint border also has a positive and significant impact on basmati exports of Pakistan.

scholarly journals The Analysis of the Economic Impact of VAT on the Economic Growth in Southern Europe

2019 ◽  
Vol 12 (2) ◽  
pp. 47-56
Author(s):  
Cosmina-Ștefania Chiricu
Keyword(s):  
Economic Growth ◽  
Urban Areas ◽  
Negative Impact ◽  
Positive Impact ◽  
Southern Europe ◽  
Aggregate Consumption ◽  
Agricultural Potential ◽  
The Impact ◽  
The Empirical Analysis ◽  
Econometric Assessment

AbstractThe Southern Region of Europe is economically well-developed with highly industrialized urban areas and with great agricultural potential. The empirical analysis is based on an econometric assessment that measures the impact of the VAT on the rate of economic growth for years between 1996 and 2017. The empirical evidence highlighted a significant positive impact of VAT on economic growth, but a poor and ineffective use of the tax revenues during the period under review. Moreover, evidence revealed relatively high rates of VAT in the countries analyzed, with negative impact on the aggregate consumption and a diminishing effect of the consumer’s income.

scholarly journals THE IMPACT OF EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH IN NIGERIA: A DYNAMIC ECONOMETRIC APPROACH

2021 ◽  
pp. 16-40
Author(s):  
Comfort Akinwolere Bukola ◽  
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Exchange Rate Volatility ◽  
Series Data ◽  
Balance Of Trade ◽  
Econometric Approach ◽  
The Impact

This study examined the impact of exchange rate volatility on economic growth in Nigeria. The study covers the period of 1986 to 2019. Using time series data, the methodology adopted is the Vector Error Correction Mechanism to explore the impact of exchange rate volatility on the selected macroeconomic variables. The result indicated that exchange rate volatility has a significant impact on economic growth, specifically it has a positive impact on inflation, unemployment and balance of trade. On the other hand it has a negative impact on economic growth and investment. The recommendations made include; that relevant authorities should try to avoid systematic currency devaluations in order to maintain exchange rate volatility at a rate that allows adjustment of the balance of payments.

scholarly journals The Impact of Energy Consumption and Economic Growth on Carbon Dioxide Emissions

2020 ◽  
Vol 12 (19) ◽  
pp. 7965
Author(s):  
Oluyomi A. Osobajo ◽  
Afolabi Otitoju ◽  
Martha Ajibola Otitoju ◽  
Adekunle Oke
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Granger Causality ◽  
Co2 Emissions ◽  
Carbon Dioxide Emissions ◽  
Fixed Effects ◽  
Positive Impact ◽  
Clean Energy ◽  
Cointegration Tests ◽  
The Impact

This study explored the effect of energy consumption and economic growth on CO2 emissions. The relationship between energy consumption, economic growth and CO2 emissions was assessed using regression analysis (the pooled OLS regression and fixed effects methods), Granger causality and panel cointegration tests. Data from 70 countries between 1994–2013 were analysed. The result of the Granger causality tests revealed that the study variables (population, capital stock and economic growth) have a bi-directional causal relationship with CO2 emissions, while energy consumption has a uni-directional relationship. Likewise, the outcome of the cointegration tests established that a long-run relationship exists among the study variables (energy consumption and economic growth) with CO2 emissions. However, the pooled OLS and fixed methods both showed that energy consumption and economic growth have a significant positive impact on CO2 emissions. Hence, this study supports the need for a global transition to a low carbon economy primarily through climate finance, which refers to local, national, or transnational financing, that may be drawn from public, private and alternative sources of financing. This will help foster large-scale investments in clean energy, that are required to significantly reduce CO2 emissions.

scholarly journals Remittances Impact on Economic Growth, Domestic Savings and Domestic Capital at the Presence of ODA and FDI in Selected MENA Countries

2016 ◽  
Vol 3 (2) ◽  
pp. 26 ◽  
Author(s):  
Mahmoud Mohammed Sabra
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Host Countries ◽  
Mena Countries ◽  
Domestic Capital ◽  
Domestic Savings ◽  
Seeking Behavior ◽  
The Impact

<p>This article investigates the impact of remittances on economic growth, investment and domestic savings in selected MENA labor exporting countries. The estimations have been done in the presence of other international capital inflow, which are foreign aid and foreign direct investment. A multiple equations model estimated simultaneously using different techniques. We found a positive impact of remittances on both growth and investment, meanwhile a negative impact on domestic savings. Aid impacts negatively on both growth and savings where it finance consumption instead of investment and enhance rent seeking behavior. Government expenditure and FDI are important source of growth. We recommended that policies for encouraging final use of productive investment of remittances. In addition, enhancing more project of migrant in home country that may facilitate their trade with host countries. Finally, more efficient allocation of aid is requires, and attracting more FDI.</p>

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