Special economic zones (SEZS) in Southern African development community (SADC)

There have been calls on Southern African Development Community (SADC) governments to device strategies to boost economic growth, structural and infrastructural development. Economists have been recommending that Foreign Direct Investment (FDI) would foster long term economic growth rather than borrowing from multilateral institutions, hence Special Economic Zones (SEZs) have been established to attract investments. However, there have been arguments against SEZs on the net benefit accruing to the host nation from SEZs. This study applied the Ordinary Least Squares (OLS) on 15 SADC member countries’ SEZs profit remittance data and draw a multi-linear regression model to establish the relationship between national income and FDI. The results show that there is a not significant relationship between these variables. Hence there is no net benefit accruing to the host country by establishing SEZs. However long-term benefits may be realised if the companies operating in these zones construct infrastructures and other structural developments.

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The Relationship between Human Development and Economic Growth

10.1093/oso/9780198794455.003.0003 ◽

2018 ◽

Author(s):

Frances Stewart ◽

Gustav Ranis ◽

Emma Samman

Keyword(s):

Economic Growth ◽

Human Development ◽

Human Development Index ◽

Econometric Analysis ◽

Complementary Relationship ◽

Development Index ◽

The Relationship ◽

Intervening Variables

This chapter explores the interactions between economic growth and human development, as measured by the Human Development Index, theoretically and empirically. Drawing on many studies it explores the links in two chains, from economic growth to human development, and from human development to growth. Econometric analysis establishes strong links between economic growth and human development, and intervening variables influencing the strength of the chains. Because of the complementary relationship, putting emphasis on economic growth alone is not a long-term viable strategy, as growth is likely to be impeded by failure on human development. The chapter classifies country performance in four ways: virtuous cycles where both growth and human development are successful; vicious cycles where both are weak; and lopsided ones where the economy is strong but human development is weak, or conversely ones where human development is strong but the economy is weak.

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An Empirical Analysis of the Relationship between Economic Growth and Energy Utilization in China

Advanced Materials Research ◽

10.4028/www.scientific.net/amr.734-737.1666 ◽

2013 ◽

Vol 734-737 ◽

pp. 1666-1670

Author(s):

Fei Hu Yang ◽

Peng Zhang ◽

Xiao Wei Wang

Keyword(s):

Economic Growth ◽

Empirical Analysis ◽

Energy Utilization ◽

Correction Model ◽

Vector Autoregressive ◽

Integration Test ◽

Recycling Economy ◽

The Relationship ◽

The Empirical Analysis

Based on the co-integration test, error correction model and vector autoregressive model, the empirical analysis results show a long-term co-integration relationship between economic growth and energy utilization in China, energy consumption increased by 1%, GDP will increase by 1.342%. In order to raise the efficiency of energy utilization during China's economic development, suggestions like saving energy conservation, reducing emission and recycling economy have been proposed.

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ISSUES OF THE RELATIONSHIP BETWEEN THE STATE BUDGET AND ECONOMIC GROWTH IN UZBEKISTAN

Innovation in the economy ◽

10.26739/2181-9491-2021-7-1 ◽

2021 ◽

Vol 4 (7) ◽

pp. 4-19

Author(s):

Akmal Baltayevich Allakuliev ◽

Keyword(s):

Economic Growth ◽

The State ◽

Rate Of Return ◽

State Budget ◽

Macroeconomic Shocks ◽

Dynamic Correlations ◽

Short And Long Term ◽

The Impact ◽

The Relationship

The article examines the interaction of the country's GDP with the state budget in the short and long term, the impact of the macro-fiscal mechanism on the country's economic growth on the example of Uzbekistan.The aim of the study is to identify dynamic correlations between the country's state budget expenditures and the economic growth of the macro-fiscal mechanism in the short and long term, as well as to analyze the approximation or rate of return of GDP and the state budget to equilibrium during various macroeconomic shocks. and hesitation.The scientific novelties of the research are:

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A time series analysis of determinants of FDI in Afghanistan: Which one matters the most, security or economic growth?

Journal of Emerging Economies and Islamic Research ◽

10.24191/jeeir.v6i2.8777 ◽

2018 ◽

Vol 6 (2) ◽

pp. 19

Author(s):

Abdul Fareed Delawari

Keyword(s):

Economic Growth ◽

Time Series ◽

Foreign Direct Investment ◽

Time Series Analysis ◽

Direct Investment ◽

Economic Factors ◽

Market Economic ◽

The Government ◽

The Relationship

Afghanistan has been practicing market economic system since 2002. Since then, the government has been initiating different policies and announced various incentives to attract foreign direct investment (FDI) to the country. However, the outcome has not been satisfactory due to several political and economic factors. This paper explores the relationship between security, economic growth and FDI in Afghanistan, using ARDL model. The paper covers a period from 2002 to 2016. The empirical results of this study show that there is a negative long-term relationship between security and FDI. Hence, the author concludes that, to attract FDI to the country, insuring security should be the top priority of the government of Afghanistan.

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The Impact of Economic Growth, Trade Openness and Technological Progress on Renewable Energy Use in Organization for Economic Co-Operation and Development Countries

10.31235/osf.io/wj45u ◽

2021 ◽

Author(s):

Md. Mahmudul Alam ◽

Wahid Murad

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Least Squares ◽

Technological Progress ◽

Energy Use ◽

Trade Openness ◽

Oecd Countries ◽

Ordinary Least Squares ◽

Short Term

This study investigates the short-term and long-term impacts of economic growth, trade openness and technological progress on renewable energy use in Organization for Economic Co-operation and Development (OECD) countries. Based on a panel data set of 25 OECD countries for 43 years, we used the autoregressive distributed lag (ARDL) approach and the related intermediate estimators, including pooled mean group (PMG), mean group (MG) and dynamic fixed effect (DFE) to achieve the objective. The estimated ARDL model has also been checked for robustness using the two substitute single equation estimators, these being the dynamic ordinary least squares (DOLS) and fully modified ordinary least squares (FMOLS). Empirical results reveal that economic growth, trade openness and technological progress significantly influence renewable energy use over the long-term in OECD countries. While the long-term nature of dynamics of the variables is found to be similar across 25 OECD countries, their short-term dynamics are found to be mixed in nature. This is attributed to varying levels of trade openness and technological progress in OECD countries. Since this is a pioneer study that investigates the issue, the findings are completely new and they make a significant contribution to renewable energy literature as well as relevant policy development.

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The Economic Growth and Industrial Transformation of the Special Economic Zones in the Historical Context

Research Series on the Chinese Dream and China’s Development Path - Studies on China's Special Economic Zones 2 ◽

10.1007/978-981-13-6675-8_7 ◽

2019 ◽

pp. 105-126

Author(s):

Chao Ji

Keyword(s):

Economic Growth ◽

Historical Context ◽

Special Economic Zones ◽

Industrial Transformation ◽

Economic Zones

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Phillips Curve: The Greek Case

European Review ◽

10.1017/s1062798720001301 ◽

2020 ◽

pp. 1-18

Author(s):

Panagiotis Liargovas ◽

Marios Psychalis

Keyword(s):

Phillips Curve ◽

Ordinary Least Squares ◽

Economic Adjustment ◽

Factors Affecting ◽

The Past ◽

Greek Economy ◽

Classical Economic ◽

High Level ◽

The Relationship

One of the most important problems facing Greece is the long-term and high-level unemployment rate. The Economic Adjustment Programmes (EAPs) focused on the supply side of the economy, aiming at the adjustment of prices and wages, draw on the classical economic model, as it is widely accepted that internal devaluation policies keep inflation low. This article attempts to examine whether the Keynesian theory and the Phillips Curve, which shows the relationship between unemployment and inflation, apply in the case of the Greek economy. We use descriptive statistics, ordinary least squares (OLS) and VAR Analysis to examine the relationship between the variables. According to the results, there is a negative correlation between unemployment and inflation in Greece, thus confirming the Phillips Curve hypothesis. Finally, results show that unemployment is less dependent on inflation compared with the past, and there are numerous other decisive factors affecting unemployment.

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The human capital–economic growth nexus in SSA countries: what can strengthen the relationship?

International Journal of Social Economics ◽

10.1108/ijse-08-2019-0515 ◽

2020 ◽

Vol 47 (9) ◽

pp. 1143-1159

Author(s):

Roseline Tapuwa Karambakuwa ◽

Ronney Ncwadi ◽

Andrew Phiri

Keyword(s):

Economic Growth ◽

Human Capital ◽

Least Squares ◽

Ordinary Least Squares ◽

African Countries ◽

Content Type ◽

Econometric Approach ◽

The Impact ◽

The Relationship ◽

Ssa Countries

PurposeThe purpose of this study is to examine the impact of human capital on economic growth for a selected sample of nine SSA countries between 1980 and 2014 using a panel econometric approach.Design/methodology/approachThe authors estimate a log-linearized endogenous using the fully modified ordinary least squares (FMOLS) and the dynamic ordinary least squares (POLS) applied to our panel data time series.FindingsThe empirical analysis shows an insignificant effect of human capital on economic growth for our selected sample. These findings remain unchanged even after adding interactive terms to human capital, which are representatives of government spending as well as foreign direct investment. Nevertheless, the authors establish a positive and significant effect of the interactive term between urbanization and human capital on economic growth.Practical implicationsThe results emphasize the need for African policymakers to develop urbanized, “smart”, technologically driven cities within the SSA region as a platform toward strengthening the impact of human capital-economic growth relationship.Originality/valueThis study becomes the first in the literature to validate the human capital–urbanization–growth relationship for African countries.

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