scholarly journals The Effects of Governance on Economic Growth

2020 ◽  
Vol 1 (2) ◽  
pp. p34
Author(s):  
Arafet Hamida ◽  
Tahar Lassoued ◽  
Zouhair Hadhek
Keyword(s):  
Economic Growth ◽  
Political Institutions ◽  
Economic Freedom ◽  
Research Work ◽  
Economic Governance ◽  
Topical Issue ◽  
Political Governance ◽  
The Empirical Analysis ◽  
Positive Effect

In this article, we are interested in a very topical issue—to what extent and through which channels can governance influence the economic growth of nations? To answer this question, we reviewed the literature in this field before embarking on the empirical analysis. The main results that we obtained from this research work stipulate that economic governance, approximated by “economic freedom”, has a positive effect on economic growth through its effect on investment. As regards political governance, it seems that it has no effect on economic growth. This reinforces the idea that the role of political institutions is limited to the creation of good economic institutions.

Enhancing Economic Growth and Government Revenue Generation in Nigeria: The Role of Diaspora Remittances

2021 ◽  
pp. 003464462110256
Author(s):  
Dal Didia ◽  
Suleiman Tahir
Keyword(s):  
Economic Growth ◽  
Parameter Estimates ◽  
Gross Domestic Product Growth ◽  
Correction Model ◽  
Vector Error Correction ◽  
Vector Error ◽  
Long Run ◽  
Short Run ◽  
The Empirical Analysis

Even though remittances constitute the second-largest source of foreign exchange for Nigeria, with a $24 billion inflow in 2018, its impact on economic growth remains unclear. This study, therefore, examined the short-run and long-run impact of remittances on the economic growth of Nigeria using the vector error correction model. Utilizing World Bank data covering 1990–2018, the empirical analysis revealed that remittances hurt economic growth in the short run while having no impact on economic growth in the long run. Our parameter estimates indicate that a 1% increase in remittances would result in a 0.9% decrease in the gross domestic product growth rate in the short run. One policy implication of this study is that Nigeria needs to devise policies and interventions that minimize the emigration of skilled professionals rather than depending on remittances that do not offset the losses to the economy due to brain drain.

scholarly journals KORUPSI DAN PERTUMBUHAN EKONOMI

2020 ◽  
Vol 5 (2) ◽  
pp. 154-165
Author(s):  
Amin Haqiqi ◽  
◽  
Husaeri Putra ◽  
Keyword(s):  
Economic Growth ◽  
Cultural Differences ◽  
Economic Freedom ◽  
Scientific Research ◽  
Research Articles ◽  
Literature Study ◽  
Negative Effect ◽  
Scientific Research Articles ◽  
High Level ◽  
Positive Effect

This study analyzes corruption and economic growth. The method of analysis uses literature studies. This literature study was carried out by searching scientific research articles about corruption through Google Scholar and journals about corruption. After the identification of several articles, the results show different results about the effect of corruption on economic growth. From each journal shows Corruption has a negative effect on economic growth in Indonesia and those that have a positive effect. This shows several factors that underlie the influence of corruption on economic growth, namely due to cultural differences, policies, economic freedom and the rules of each region. The diversity of each region in Indonesia makes a different level of influence of corruption so that if a region has a high level of economic freedom and rules and bureaucracy that are not difficult, corruption has a positive effect on economic growth. In general, the effect of corruption on economic growth is negative, where the cleaner the region or region is from corruption, the more it will encourage the growth of the region.

The Life Cycle Model of Cyber-economics

2020 ◽  
Vol 8 (12) ◽  
pp. 63-72
Author(s):  
Srinivas Nowduri
Keyword(s):  
Economic Growth ◽  
Life Cycle ◽  
Behavioral Economics ◽  
Research Work ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Business World ◽  
Exponential Increase ◽  
Financial Metrics

The exponential increase in modern technological advancements within the business world, is impacting every national economy from different directions/perspectives. This research work focuses on main issues behind cyber economics along with cyber-economic values; based on cyber events and their associated financial damages. It also made a comparative study between cyber and financial metrics, based on a professional look at cybersecurity in modern digital firms. Then it emphasizes on the role of applied and behavioral economics, in digital forms. Finally propose a model for cyber economic growth vital for modern digital firms

Innovation affecting growth aspirations of early stage entrepreneurs: culture and economic freedom matter

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mehrzad Saeedikiya ◽  
Jizhen Li ◽  
Shayegheh Ashourizadeh ◽  
Serdar Temiz
Keyword(s):  
Hierarchical Linear Modeling ◽  
Design Methodology ◽  
Economic Freedom ◽  
Early Stage ◽  
Linear Modeling ◽  
Global Entrepreneurship Monitor ◽  
Content Type ◽  
Entrepreneurial Growth ◽  
Positive Effect

Purpose Earlier research confirms the positive effect of innovation in shaping growth ambitions of entrepreneurs. The aim of this paper is to investigate whether the effect of innovation on growth ambitions of entrepreneurs is contingent on the role of institutions, namely, culture and economic freedom. In other words, the authors’ objective is to provide an institutionally contingent understanding of the role of innovation in shaping growth ambitions of early-stage entrepreneurs. Design/methodology/approach The authors applied hierarchical linear modeling technique on the data of 100,566 early-stage entrepreneurs in 109 countries that participated in annual surveys of Global Entrepreneurship Monitor. Findings The authors find that the effect of innovation on shaping growth ambitions of early stage entrepreneurs is contingent on the role of culture such that, in secular cultures, innovation benefits growth ambitions more than traditional cultures. Further, the authors found that the effect of innovation on growth expectations is dependent on the level of economic freedom in the country in which the firms operate so that in the countries with higher level of economic freedom, early-stage entrepreneurs expect more growth out of their innovation as compared to their counterparts in the depressed economies. Originality/value The results contribute to our understanding of entrepreneurial growth aspirations as a result of the interplay of entrepreneur–firm–environment nexus.

Corruption, Business Climate, and Economic Growth

2015 ◽  
pp. 1156-1179
Author(s):  
Harish C. Chandan
Keyword(s):  
Economic Growth ◽  
Political Institutions ◽  
Business Environment ◽  
Domestic Investment ◽  
Business Climate ◽  
Transparency International ◽  
Leadership Management ◽  
Economic Freedom Index ◽  
The Relationship

Corruption is globally pervasive. Defined as abuse of entrusted power for private gain (Transparency International, 2013), corruption represents a set of economic, social, cultural, and political practices that are secretive and rooted in greed, ambition, or quest for power. This chapter reviews causes of corruption including the macro- and micro-level determinants of corruption such as leadership, management, and organizational culture. Various subjective and objective measures of corruption are discussed. Transparency International's Corruption Perception Index (CPI) and Heritage Foundation's Economic Freedom Index (EFI) are reviewed. The World Bank's Business Environment and Enterprise Performance Survey (BEEPS), Doing Business Indicator (DBI), and World Bank Institute's Governance Indicator (WBI-GI) are also reviewed, as is the role of global anti-corruption agencies and various instruments. Additionally, the relationship between corruption and foreign domestic investment, economic growth, and economic and political institutions are considered, as are anti-corruption intervention strategies for corruption and business ethics training.

scholarly journals Democracy's Deficit: The Role of Institutional Contact in Shaping non-White Political Behavior

2019 ◽  
Vol 4 (1) ◽  
pp. 1-31 ◽  
Author(s):  
Marcela García-Castañon ◽  
Kiku Huckle ◽  
Hannah L. Walker ◽  
Chinbo Chong
Keyword(s):  
Political Participation ◽  
Citizen Participation ◽  
Asian American ◽  
Political Institutions ◽  
Informal Institutions ◽  
Racial Groups ◽  
Community Group ◽  
Voter Mobilization ◽  
Positive Effect

AbstractThis paper examines the effect of institutional contact on political participation among non-White communities. While both formal and informal institutions help shape community citizen participation, their effects vary on the historical inclusion (or exclusion) of certain racial groups. Formal institutions, like political parties, have historically excluded or neglected non-White and immigrant voters. We argue that for the excluded or neglected, non-traditional political institutions, like community based organizations, serve as supplements to facilitate political incorporation and engagement. These informal institutions help develop skills and resources among their constituents, and offer routine opportunities to participate. We use the 2008 Collaborative Multi-racial Post-Election Survey (CMPS) to test the differential effects of self-reported voter mobilization through nonpartisan and partisan institutional contact to explain variations among racial groups by the intensity of contact, occurrence of co-ethnic outreach, and type of institutional mobilization. We find that while contact by a partisan/political institution, like a political party or campaign, has an overall positive effect on political participation for all voters, contact by a nonpartisan/civic or community group is substantively more important for Latino and Asian American voter mobilization. Our analysis therefore offers cohesive evidence of how voters interact with and are affected by mobilization efforts that attends to differences across racial and ethnic boundaries, and variations in institutional contact.

scholarly journals Institutions and development in MENA region: evidence from the manufacturing sector

2015 ◽  
Vol 42 (8) ◽  
pp. 717-732 ◽  
Author(s):  
Mahmoud Arayssi ◽  
Ali Fakih
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Political Institutions ◽  
Civil Law ◽  
Institutional Setting ◽  
Mena Region ◽  
Content Type ◽  
Determinants Of Economic Growth ◽  
The Relationship

Purpose – The purpose of this paper is to study the role of institutions (including civil law origin), financial deepening and degree of regime authority on growth rates in the Middle East and North Africa region. Design/methodology/approach – This paper examines the implications of industrial firm-related and national factors for the determinants of economic growth using panel data through a fixed effect model. Findings – The results reveal that English civil law origin and the establishment of the rule of law work with the development of financial institutions to increase economic growth in these economies; however, the democratization of the political institutions and foreign direct investment do not assist financial development in promoting economic growth. Research limitations/implications – Data covered is limited to four years. Social implications – The findings emphasize the prominence of overcoming institutional weaknesses and establishing transparent public policy governing businesses as a pre-requisite for successful universal integration in developing countries. Originality/value – This paper contributes to the literature on the relationship between finance and economic growth in two aspects. First, the authors focus on the contribution of the institutional setting and its interaction with the financial development and how this affects economic growth of the manufacturing firms. Second, the authors explore the relationship between the role of institutions, governance, the country civil law origin and the economic growth.

scholarly journals The Role Of Literacy In The Economic Growth Of Cameroon

2018 ◽  
Vol 14 (22) ◽  
pp. 25
Author(s):  
Dudjo Yen G. Boris ◽  
Sonkeng Germain ◽  
Njong Mom Aloysius ◽  
Tafah Edokat O. Edward
Keyword(s):  
Economic Growth ◽  
Significant Relationship ◽  
Poverty Reduction ◽  
Empirical Studies ◽  
Reduction Process ◽  
Literacy Rate ◽  
The World ◽  
The Relationship ◽  
Positive Effect

This paper focuses on how education contributes to economic growth. That is to say that there is a significant relationship between the variables of education and the economic growth of Cameroon. Education is therefore a priority for all nations. This shows the prominent place it occupies in the Constitution of almost every state. There are several studies that have focused on the relationship between education and economic growth of the microeconomic perspective, as macroeconomic, both theoretically and empirically. Empirical studies, which have been carried out everywhere around the world, do not agree with the fact that education has a positive effect on economic growth. The estimation results show that literacy rate, however, remains ambiguous and contradictory when OLS is going to GMM. Investing in Literacy is a challenge for development and it is the heart of poverty reduction process at all levels.

scholarly journals The role of the banking system in supporting the financial equilibrium of the enterprises: the case of Ukraine

2019 ◽  
Vol 14 (2) ◽  
pp. 190-202
Author(s):  
Svitlana Yehorycheva ◽  
Tetiana Gudz ◽  
Mykhailo Krupka ◽  
Oleh Kolodiziev ◽  
Nataliіa Tarasevych
Keyword(s):  
Banking System ◽  
Financial Health ◽  
Mortgage Loans ◽  
Financial Equilibrium ◽  
Banking Services ◽  
Time Deposits ◽  
Challenging Situation ◽  
The Empirical Analysis ◽  
Positive Effect

The financial equilibrium (“financial health”) of the enterprises is a prerequisite for their sustainable development, which ensures macroeconomic stability of the economy and the welfare of the state. It should be supported by the banking system, which performs the function of the effective reallocation of capital. Recently, the Ukrainian banking system itself is in a challenging situation and is undergoing a period of transformation. The purpose of the study is to assess how sufficiently the banking system of Ukraine supports the financial equilibrium of enterprises and to find the possibilities to strengthen its role in the progress of the real sector of economy. The authors single out three stages of financial equilibrium growth; each of them can be supported by the relevant banking services. The empirical analysis proves that the Ukrainian banks successfully ensure only the first stage, namely, liquidity balancing. To quantitatively assess the role of the banking system in supporting the enterprises’ financial equilibrium, a multivariate regression applying mathematical gnostic analysis in the program shell R Console is used. The research makes it possible to find out that only the economy monetization, the share of time deposits of economic entities and growth rate of mortgage loans have a positive effect. The authors conclude that the problems of both enterprises and the banking system are in the sphere of development and implementation of government economic policy and are aggravated by the restrictive monetary policy.

Corruption, Business Climate, and Economic Growth

2019 ◽  
pp. 663-686
Author(s):  
Harish C. Chandan
Keyword(s):  
Economic Growth ◽  
Political Institutions ◽  
Business Environment ◽  
Domestic Investment ◽  
Business Climate ◽  
Transparency International ◽  
Leadership Management ◽  
Economic Freedom Index ◽  
The Relationship

Corruption is globally pervasive. Defined as abuse of entrusted power for private gain (Transparency International, 2013), corruption represents a set of economic, social, cultural, and political practices that are secretive and rooted in greed, ambition, or quest for power. This chapter reviews causes of corruption including the macro- and micro-level determinants of corruption such as leadership, management, and organizational culture. Various subjective and objective measures of corruption are discussed. Transparency International's Corruption Perception Index (CPI) and Heritage Foundation's Economic Freedom Index (EFI) are reviewed. The World Bank's Business Environment and Enterprise Performance Survey (BEEPS), Doing Business Indicator (DBI), and World Bank Institute's Governance Indicator (WBI-GI) are also reviewed, as is the role of global anti-corruption agencies and various instruments. Additionally, the relationship between corruption and foreign domestic investment, economic growth, and economic and political institutions are considered, as are anti-corruption intervention strategies for corruption and business ethics training.

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