scholarly journals FDI and Economic Growth — Does the Quality of Banking Development Matter?

2014 ◽  
Vol 15 (3) ◽  
pp. 287 ◽  
Author(s):  
Nor Hakimah Haji Mohd ◽  
Soo-Wah Low ◽  
Abu Hassan Shaari Md Nor ◽  
Noor A. Ghazali
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
Emerging Countries ◽  
Positive Role ◽  
Growth Effects ◽  
Net Interest Margin ◽  
The Impact ◽  
Banking Development

This study examines the role of banking development quality in the FDI-growth nexus from 1998 to 2009. Banking development quality is measured using two standardized intermediation  cost indicators and an index of banking development quality that is constructed based on the following indicators: overhead costs to total assets and net interest margin. The results for developed countries show that, on its own, FDI is negatively related to economic growth. However, when FDI is interacted with a banking development quality index, the quality of banking development is found to play a positive role in influencing the effects of FDI on economic growth. This suggests that the quality of banking development serves as an absorptive capacity that allows developed countries to benefit from the positive growth effects of FDI. On the contrary, for emerging countries, the findings indicate that banking development quality plays no role in influencing the impact of FDI on economic growth. This implies that the quality of banking development in emerging countries has yet to reach a level that allows it to importantly influence the growth effects of FDI.       

scholarly journals From Catch-Up to Transcend: The Development of Emerging Countries’ Green Economy

2019 ◽  
Vol 2019 ◽  
pp. 1-14
Author(s):  
Bie-Yu Lin ◽  
Shi-Xiao Wang
Keyword(s):  
Economic Growth ◽  
Growth Index ◽  
Developed Countries ◽  
Emerging Countries ◽  
Green Technology ◽  
Green Economy ◽  
Green Growth ◽  
Technical Leadership ◽  
Catch Up

As domestic concerns on clean economic growth arise, promoting green economy has become an urgent issue for emerging countries that are facing serious environment problems in industrialization. Through international imitation, emerging countries have the opportunity to adopt clean techniques of developed countries. Because of different industrial structures, it is unachievable to learn the green technology across all fields. Previous studies consider that innovations could create green production models to improve the production capacity that reduces energy input and waste discharge. However, while evaluating emerging countries’ economic growth, the environment indicators were often neglected. Empirical investigation of the role of innovation in green economy’s growth is still rare. The first objective of this study is to adopt an integrated framework to investigate emerging countries’ green economy by considering environmental factors. Secondly, environmentally sensitive productivity growth index was employed to decompose the productivity progress of green economy into catch-up effect, innovation effect, and technical leadership to examine the role of innovation. Thirdly, implications were provided for the policy makers in relation to green growth. Thirty-nine emerging countries were chosen as samples, which were divided into America, Asia, and Europe according to their locations. We found that America is still an imitator in developing green economy. In contrast, Asia starts to transition to innovation, which has become another critical promoter for green growth. Europe was found to lead on the technology frontier because of proper industrial planning and technology accumulation. The progress to innovation and technical leadership could ensure a stable green growth in the future. This research could be a route to open up the possibility of extending current study of green economy.

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 BANKS AND SECURITIES MARKETS IN THE POST-TRANSITION ECONOMIES OF EASTERN EUROPE

2020 ◽  
Author(s):  
Sasho Arsov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Eastern Europe ◽  
Banking Sector ◽  
Positive Impact ◽  
Financial Sector ◽  
Securities Markets ◽  
Positive Role ◽  
The Impact

Economic theory predicts that the development of the financial sector should have a positive impact on the overall economic development. Research has predominantly confirmed this expectation, with the remark that at earlier stages of economic development this impact should be higher, while a disproportionate banking sector has detrimental effect on growth through its impact on attracting highly skilled workforce, increased presence of moral hazard and the associated banking crises. This issue has been studied only occasionally in the case of the former socialist economies of Central and Eastern Europe and the former USSR. This paper represents an attempt to analyze the impact of the banking sector and securities markets development on the economic growth of these countries. A sample of 22 countries is assembled, using data from 1995 to 2018 and a panel regression and a GMM technique are used to derive conclusions on the researched topic. The analysis has shown that the banking sector has played a positive role in the economic growth throughout the analyzed period, while the role of the stock market is not significant. This is in line with the previous studies which have confirmed that the positive role of the securities markets should be expected only at higher levels of economic development. Also, the impact of the overall financial sector is deemed to be positive.

Role of External and Domestic Demand in Economic Growth: A Study of BRICS Countries

2019 ◽  
Vol 21 (2) ◽  
pp. 547-566 ◽  
Author(s):  
Bibhuti Ranjan Mishra
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
Domestic Demand ◽  
Impulse Response Functions ◽  
Domestic Investment ◽  
Causality Analysis ◽  
Brics Countries ◽  
External Demand ◽  
The Impact

Despite the global downturn since 2008, the growth in BRICS countries as a group is least hampered as compared to the growth in the world, in general, and developed countries, in particular. Is it due to the strong domestic demand factors or external factors is an empirical question to be answered. Further, some economists are promulgating for a new development strategy of domestic demand-led growth. Hence, this article tries to examine the role of domestic and external demand to growth in BRICS countries. Domestic investment is taken to explore the impact of domestic demand on growth, while export and import variables are used to investigate the role of external demand in economic growth. To cater to the objective, causality analysis is done among exports, imports, domestic investment and economic growth using the vector auto regression analysis. Generalized impulse response functions are plotted to get an insight of dynamic interrelationships among these variables. The results are country-specific and mixed evidence of export-led and domestic demand-led growth is found depending on the individual countries of BRICS.

scholarly journals Foreign Direct Investment and Economic Growth relationships: The moderation role of institutional quality

2021 ◽  
Vol 17 ◽  
pp. 41-54
Author(s):  
Vu Tuan Anh ◽  
Tran Ngoc Khanh Linh
Keyword(s):  
Economic Growth ◽  
Quantitative Methods ◽  
Institutional Quality ◽  
Secondary Data ◽  
The State ◽  
Asian Countries ◽  
Effect Model ◽  
The Impact

Most studies on the effect of the role of institutional quality on the relationship between foreign investment and economic growth have been carried out in Western countries. Very few studies on the above-mentioned relationships have been done in Asian countries during. This paper will be conducted in Asian countries using the following three models: Pooled OLS, Fixed effect model, and Random effect model. This paper uses secondary data from 10 Asian countries from 2011 to 2018. The empirical results show that (1): FDI has a positive effect on the economies of the countries. Asia between 2002 and 2018 (2) The quality of the state strengthens the impact of FDI on the economies of Asian countries between 2011 and 2018. These findings imply that if improving the quality of institutions, the state will attract more FDI and economic development The research paper is based on the scientific approach of quantitative methods to solve the problems posed, practical and effective service for the completion of the research purpose. The secondary data collected from the worldbank.org to create asymmetric data tables will be processed on STATA software.

scholarly journals Innovation and Economic Growth in Emerging Latin American Countries: The Case of Mexico, Brazil and Chile

2015 ◽  
Vol 2 (4) ◽  
pp. 17-27
Author(s):  
Edgar J. Saucedo A ◽  
Marisol Borges Q
Keyword(s):  
Economic Growth ◽  
Latin American ◽  
Innovation Process ◽  
Developed Countries ◽  
Emerging Countries ◽  
Complex Process ◽  
Government Education ◽  
The Impact ◽  
Latin American Countries ◽  
Research Centres

Over recent years, several theoretical and empirical research projects (from developed countries) have studiedinnovation as a complex process involving participation, interaction and interrelationship of actors (organizations, individuals, businesses) and institutions (government, education, research centres) as elements of a collective system that contribute and influence the innovation process. In addition, such research shows how innovation has impacted positively on the economic growth of nations.In order to understand the functioning of the National Innovation Systems in emerging countries (Mexico, Brazil and Chile), we performed a critical analysis of the approach, examining their application limitations and recognising the characteristics and interests of Latin American countries. Furthermore, we analysed the impact of innovation on economic growth in these countries. The aim of this paper is to analyse whether the differences in economic growth among Mexico, Chile and Brazil, are explained by gaps in levels of innovation.

scholarly journals Hybrid organizations as effective intermediate institutions: Evidence from Eastern Asia

2021 ◽  
Vol 13 (1) ◽  
pp. 110-130
Author(s):  
Daniil A. Sitkevich ◽  
◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
System Analysis ◽  
Subsequent Development ◽  
Developed Countries ◽  
Hybrid Organizations ◽  
Economic Policies ◽  
Positive Role ◽  
Asian Tigers ◽  
The Impact

Introduction: the article examines the impact of hybrid organizations on the economic dynamics of Eastern Asian countries. Objectives: to assess the effectiveness of hybrid organizations as intermediate institutions that promote economic development, to describe the transformation of hybrids as they are modernized. Methods: dialectical method, system analysis, case study method, induction method. Results: the positive role of hybrid organizations in catching-up economic development is revealed; it is shown that hybrids serve as intermediate institutions that either transform or hinder economic growth as modernization progresses; possible economic policies to support hybrids are described. Conclusions: hybrid organizations are common in many countries and regions with a predominance of traditional regulators which have managed to reach the development path of developed countries. Thus, hybrids are country specific for the “Asian tigers” – Japan (in the form of keiretsu), South Korea (in the form of chaebols), Taiwan (in the form of clusters) as well as for China (in the form of industrial areas). At the same time, in most cases, hybrid institutional agreements serve as intermediate institutions – relying on existing social ties, they promote economic growth, but as they modernize, they either undergo changes or hinder subsequent development. The analysis of the presented cases also shows that the state can contribute to the formation of hybrids in various ways – from creating infrastructure to supporting the export activities of firms.

scholarly journals The Role of Pre-School Education in the Child’s Development and Analysis of Current Pre-School Education System in Uzbekistan

2021 ◽  
Vol 8 (1) ◽  
pp. 205-211
Author(s):  
Nigora Mamadaminova
Keyword(s):  
Education System ◽  
Personal Development ◽  
Soft Skills ◽  
Developed Countries ◽  
School Education ◽  
Educational Institutions ◽  
The Impact ◽  
Future Learning

The author of the article attempts to analyze the current pre-school education system of Uzbekistan, its main challenges, shortcomings and reforms. Moreover, this research will provide the study of the importance of learning at early ages (3-5) and its impact on the future learning and personal development of children. The research highlights the analysis of domestic and foreign prospects of the studied issue. Namely, the researcher presents the view that developed countries pay more and more attention to boost the quality of pre-school educational institutions, the efficiency of curriculum, and implementation of more social activities to enhance the development of children’s soft skills; however, this is not the case in developing countries such as Uzbekistan. Thus, the goal of the paper would be to elaborate on the need to consider, remodel and upgrade the pre-school education system further and trigger to start some campaigns which will aim to develop young mother’s personal and professional development. The study will highlight the impact of pre-school education by evaluating the literature in the field, looking deeper at the experience of developed countries as well as considering the situation in Uzbekistan regarding the mentioned area. The findings of the paper can be deployed to prepare educational policy and contribute to the development of the entire education system of Uzbekistan.

scholarly journals The Effect of Internal and External Conflicts on the Country Trade and Economic Growth: Case from Emerging and Developed Countries

2021 ◽  
Vol 13 (9) ◽  
pp. 134
Author(s):  
Elham Jafarzadeh ◽  
He Shuquan
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Negative Impact ◽  
Random Effect ◽  
Developed Countries ◽  
Empirical Examination ◽  
Developed Economies ◽  
Internal Conflicts ◽  
The Impact

The current study investigates the impact of internal conflicts and external conflicts on the overall trade of a country, imports and exports in both developed and emerging markets. The study has used 128 countries for the estimation with data collected from the world bank for the period of 1996 and 2016 using the Hausman test. The results of the random effect showed that internal conflicts and external conflicts have negative impact on the imports and exports of countries in both developing and developed economies. The findings of the current study have several implications for both academicians and practitioners. The study has provided a deep insight in to the role of internal and external conflicts (a commonly emergent issue) for international trade and economic growth in both developing and developed countries. The current study has broadened the scope of literature on international finance and trade by providing a unique empirical examination on the role of conflicts in international trade and economic growth which is rarely been examined in the literature. Moreover, the study has some practical implications for the policymakers and government to make their international relations as such that to avoid internal and external conflicts if they want to increase international trade and economic growth. More specifically in developing countries there is more prevalence of internal and external conflicts which is the route cause of the lower level of international trade and is one of the important cause of lower level of economic growth.

THE ROLE OF ENTREPRENEURSHIP IN THE SOCIO-ECONOMIC DEVELOPMENT OF CANADA

2020 ◽  
Vol 13 (2) ◽  
pp. 168-175
Author(s):  
A.V. Sharkovа ◽  
◽  
I.A. Keylin ◽  
S.E. Shibalova ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Market Economy ◽  
Gross National Product ◽  
Economic Life ◽  
Growth Structure ◽  
Socio Economic Development ◽  
The Impact

Small and medium-sized businesses are an integral part of the market economy, without which the state cannot function effectively. SMEs largely determine the rate of economic growth, structure and quality of the gross national product, forming its significant share. This article examines the features of business in Canada, its role and place in the economy, and examines the impact of entrepreneurship on the socio-economic life of the country.

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