scholarly journals Institutional regimes, long wave systemic risk and great international crisis of 2008-2012

2012 ◽  
Vol 59 (1) ◽  
pp. 1-12 ◽  
Author(s):  
Anthony O’Hara
Keyword(s):  
Financial Crisis ◽  
Systemic Risk ◽  
Sustainable Growth ◽  
Gdp Per Capita ◽  
International Crisis ◽  
Long Wave ◽  
Per Capita ◽  
The Relationship ◽  
Institutional Regimes

This paper studies the relationship between long-term growth of GDP per capita, institutional regimes of accumulation (ROA), systemic risk and the Great International Crisis of 2008-2010. The principle hypothesis behind the work is that the ROA provides a foundation for long-term growth as a type of fundamental variable, and that this growth provides a buffer against systemic risk in the sense that sustainable growth provides resources for debt provision and employment stimulation. The emergence of a viable ROA is crucial for long waves of growth which stimulate both private sector profit and public sector tax receipts which (using conventional terminology) reduce the structural deficit for both sectors. Low rates of long-term growth, therefore, provide a good indicator of the emergence of ?long wave systemic risk? (LWSR), which left such nations vulnerable to uncertainty, financial crisis and recession. The paper investigates the inability of growth for various decades to ?cover? instabilities associated with the Great Crisis, leading to high rates of LWSR, especially for European and North American nations that bore the brunt of the crisis.

scholarly journals Is the savings-led growth hypothesis valid for Zimbabwe?

2013 ◽  
Vol 10 (3) ◽  
pp. 9-13
Author(s):  
Kunofiwa Tsaurai
Keyword(s):  
Economic Growth ◽  
Positive Influence ◽  
Sustainable Growth ◽  
Gdp Per Capita ◽  
Case Study Methodology ◽  
Long Run ◽  
Domestic Savings ◽  
Study Methodology ◽  
Per Capita

This study investigates the long run relationship between economic growth and gross domestic savings for Zimbabwe during the period 1980 to 2011. The causality relationship between savings and economic growth has been a subject of extensive debate for almost half a century now. There are currently two dominant views regarding the relationship between savings and economic growth. The first view maintains that it is the growth of savings that drives economic growth. The second view argues that it is economic growth that spurs savings expansion. Using the case study methodology, the study revealed that GDP per capita had a significant positive influence on the quantity and level of gross domestic savings and not the other way round. Policies that are targeted at boosting GDP per capita should be accelerated in order to promote long-term and sustainable growth gross domestic savings for in Zimbabwe

scholarly journals The Relationship Between Education Outputs, Education Expenditure, and Economic Growth in Saudi Arabia

2021 ◽  
Vol 12 (2) ◽  
pp. 320
Author(s):  
Benlaria Houcine ◽  
Messen Kerroumia ◽  
Emad Abdel Khalek Saber El-Tahan ◽  
Tarig Osman Abdallah Helal
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Gdp Per Capita ◽  
Education Expenditure ◽  
Distributed Lag ◽  
Long Run ◽  
Per Capita ◽  
Economic Growth Rates ◽  
The Relationship

The present study investigated the relationship between education outputs, Education expenditure, and economic growth in Saudi Arabia for the time period of 1986–2016. The results obtained after employing the Autoregressive Distributed Lag (ARDL) model revealed a long-term relationship between the studied variables, an inverse relationship between the number of graduates and growth in the long term, whereas a non-significant positive relationship appeared in the short -term. Findings indicate also that public spending in education has a positive and significant impact on economic growth in the long run. Furthermore, he observed that a 1% increase in public expenditure in education contributes 18% increase in GDP per capita in the long run. This is in line with economic theory and previous research showing that expenditure on education leads to a rise in GDP per capita and economic growth rates. The recommendations of this study are fundamental to the Kingdom of Saudi Arabia.

Relationship Between the Use of Renewable Energy, Carbon Dioxide Emission, and Economic Growth

2021 ◽  
pp. 339-355
Author(s):  
Ferhat Özbay ◽  
Ceren Pehlivan
Keyword(s):  
Renewable Energy ◽  
Carbon Dioxide Emission ◽  
Impulse Response Function ◽  
Variance Decomposition ◽  
Gdp Per Capita ◽  
Causality Test ◽  
Per Capita Gdp ◽  
Per Capita ◽  
The Relationship

The study aims to examine the relationship between the use of renewable energy, CO2, and GDP per capita. In this study that has been carried out on Turkey for the period 1990-2018, time series analysis is used. The long-term relationship between variables is revealed by the cointegration test. The periodic changes of the variables are examined by the variance decomposition and impulse-response function. Finally, with the causality test, the relationship between variables and the direction of this relationship are revealed. Findings show that there is a cointegrated relationship between the variables.. According to variance decomposition in the period of 10 lags, the renewable energy variance is 96% due to itself, 2.74% to CO2, and 0.50% to shocks in per capita GDP. As for impact-response functions, while the response of renewable energy to the GDP per capita variable is negative in the first two periods, it increase slightly in the following period, and after the sixth period, the effect of the shock diminished.

The Reproduction Vector of the Russian Economy: 1999-2007

2008 ◽  
pp. 94-109 ◽  
Author(s):  
D. Sorokin
Keyword(s):  
Economic Policy ◽  
Human Capital ◽  
Growth Rates ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Real Sector ◽  
Russian Economy ◽  
Per Capita ◽  
The Developed Countries

The problem of the Russian economy’s growth rates is considered in the article in the context of Russia’s backwardness regarding GDP per capita in comparison with the developed countries. The author stresses the urgency of modernization of the real sector of the economy and the recovery of the country’s human capital. For reaching these goals short- or mid-term programs are not sufficient. Economic policy needs a long-term (15-20 years) strategy, otherwise Russia will be condemned to economic inertia and multiplying structural disproportions.

scholarly journals The reputation trap of NGO accountability

2015 ◽  
Vol 7 (3) ◽  
pp. 426-463 ◽  
Author(s):  
Stephen E. Gent ◽  
Mark J. C. Crescenzi ◽  
Elizabeth J. Menninga ◽  
Lindsay Reid
Keyword(s):  
Theoretical Model ◽  
Unintended Consequences ◽  
International Crisis ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
Policy Goals ◽  
Ngo Accountability ◽  
The Relationship

Can concerns for one’s reputation cause non-governmental organizations (NGOs) to alter their behavior to the detriment of achieving their policy goals? To answer this question, we explore the relationship between NGOs and their donors. Our theoretical model reveals that reputation can be a key piece of information in the decision to fund an NGO’s activities. Reputation can become so important to the NGO’s survival that it interferes with the long-term policy goals of the organization. As such, reputations can become a double-edged sword, simultaneously providing the information donors seek while constraining NGOs from realizing policy goals. We apply this logic to the problem of NGO accountability, which has received increasing attention in recent years, and demonstrate that the tools used by donors to improve accountability can trigger unintended consequences. We illustrate this strategic dynamic with two types of NGO activity: water improvement and international crisis mediation.

The relationship between energy consumption and economic growth: New evidence from Greece

2021 ◽  
pp. 131-153
Author(s):  
Antonia Gkergki
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Gdp Per Capita ◽  
Short Term ◽  
Vector Error Correction ◽  
Per Capita ◽  
Econometric Tests ◽  
The Government ◽  
New Research ◽  
The Relationship

This paper examines the relationship between the energy consumption and economic growth from 1968 to 2019 in Greece, by employing the vector error-correction model estimation. A series of econometric tests are employed concerning the stationary of the data, and the co-integration and the relationship among the variables during the long- and short-term. The em-pirical results suggest that there is no bidirectional relationship between economic growth and energy consumption. More specifically, GDP per capita does not affect the energy consump-tion of the three primary sources either in the long-term or the short-term. In other words, the economic crisis and its implications for GDP do not affect energy consumption, and they are not responsible for the considerable decrease in energy sources' consumption. On the other hand, the energy consumption of oil and coal negatively affect the GDP per capita. These re-sults are different from previous studies' conclusions for Greece; this is because the never been experienced before. These findings raise new research questions and also show the limi-tations of the Greek market, as it is regulated and controlled by the government.

scholarly journals Does the Credit Cycle Have an Impact on Happiness?

2019 ◽  
Vol 17 (1) ◽  
pp. 183 ◽  
Author(s):  
Tinghui Li ◽  
Junhao Zhong ◽  
Mark Xu
Keyword(s):  
Fixed Effects ◽  
Well Being ◽  
Gdp Per Capita ◽  
Subjective Well Being ◽  
Fixed Effects Model ◽  
Credit Expansion ◽  
Transmission Channels ◽  
Credit Cycle ◽  
Per Capita ◽  
The Relationship

The 2008 international financial crisis triggered a heated discussion of the relationship between public health and the economic environment. We test the relationship between the credit cycle and happiness using the fixed effects model and explore the transmission channels between them by adding the moderating effect. The results show the following empirical regularities. First, the credit cycle has a negative correlation with happiness. This means that credit growth will reduce the overall happiness score in a country/region. Second, the transmission channels between the credit cycle and happiness are different during credit expansion and recession. Life expectancy and generosity can moderate the relationship between the credit cycle and happiness only during credit expansion. GDP per capita can moderate this relationship only during credit recession. Social support, freedom, and positive affect can moderate this relationship throughout the credit cycle. Third, the total impact of the credit cycle on happiness will become positive by the changes in the moderating effects. In general, we can improve subjective well-being if one of the following five conditions holds: (1) with the adequate support from the family and society, (2) with enough freedom, (3) with social generosity, (4) with a positive and optimistic outlook, and (5) with a high level of GDP per capita.

scholarly journals The link between urbanization and air pollution in Turkey: Evidence from dynamic Autoregressive Distributed Lag simulations

2021 ◽  
Author(s):  
Alper Aslan ◽  
BUKET ALTINOZ ◽  
BAKİ OZSOLAK
Keyword(s):  
Air Pollution ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Sustainable Growth ◽  
Similar Relationship ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Positive Shock ◽  
The Relationship

Abstract This study investigates the relationship between urbanization and air pollution in Turkey. Dynamic ARDL method was used for the period 1960–2014. According to the findings, there is a positive and statistically significant relationship between long-term urbanization and Co2. If urbanization increased by 1%, carbon emissions increased by 0.02%. There is a similar relationship between the shocks that will occur in population growth and Co2 emission in the long term. However, there is a negative and statistically insignificant relationship between the two variables. In the relationship between GDP and Co2, there is a positive relationship in the long term. GDP increase of 1% increases Co2 emissions by 0.11%. There is a similar relationship between long-term GDP shocks and Co2 emissions. According to short-term analysis results, energy consumption increases Co2 emissions by the same rate as GDP. However, the astonishing result of the study emerges here. Empirical results show that a long-term positive shock in energy consumption reduces CO2 emissions and a negative shock increases pollution. According to these results, Turkey has not reached the point of sustainable growth. For this reason, this developing country needs to make regulatory implementations and determine future policies for these impacts affecting air pollution.

scholarly journals An Analysis of the Entrepreneurial Ecosystem of Malawi: The Global Entrepreneurship Index (GEI) Approach

2021 ◽  
Vol 8 (1) ◽  
pp. 224-238
Author(s):  
Frederick Pobee ◽  
Thuso Mphela
Keyword(s):  
New Technologies ◽  
High Growth ◽  
Gdp Per Capita ◽  
Risk Capital ◽  
Entrepreneurial Ecosystem ◽  
Start Up ◽  
Depth Analysis ◽  
Per Capita ◽  
Global Entrepreneurship ◽  
The Relationship

The research paper provides an in-depth analysis of the entrepreneurial ecosystem of Malawi. Employing the Global Entrepreneurship Index (GEI) methodology, the findings reveal a weak entrepreneurial ecosystem with a GEI score of 12.2 out of a possible 100. The relationship between the GDP per capita and the three entrepreneurship sub-indices, thus, attitude, ability, and aspiration are very weak and fall well below global average trends. Unfortunately, despite the high total entrepreneurship activities (TEA) in Malawi, this leads to little contribution to the country's GDP per-capita – a common phenomenon in many developing countries. At the pillar level, Malawi’s performance is a mixed bag, however, with most pillars performing not only poorly but below world averages. Despite the general positive perception of entrepreneurship by citizens, the country’s weak entrepreneurial ecosystem has failed to harness the propensity to develop new products and adopt new technologies for innovation and high growth entrepreneurship. From a policy intervention perspective, Malawi needs to focus most of its efforts and investments in five areas that include start-up skills, risk acceptance, high growth, risk capital, and human capital to improve the country's GEI score by 0.02.

scholarly journals FEATURES OF DEVELOPMENT OF TOURISM IN GEORGIA AS AN INDUSTRY CONTRIBUTING TO ECONOMIC GROWTH OF THE COUNTRY

2019 ◽  
Vol 29 (2) ◽  
pp. 279-289
Author(s):  
L.V. Detochenko
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Tourism Industry ◽  
Gdp Per Capita ◽  
Tourist Destinations ◽  
Transport Component ◽  
Tourist Flows ◽  
Per Capita ◽  
The Republic

The role and place of the tourism industry in the economic complex of Georgia are considered; the conclusion is made about the “tourist miracle” taking place in the country, which is a factor of the economic growth of the republic. The differences between the concepts of “foreign visitors” and “foreign tourists” are presented. The increase in the contribution of the tourism industry and related industries involved in the tourism industry in the creation of the gross domestic product of the country, its impact on the growth of the Georgian budget and GDP per capita, the average monthly wage is shown. The conclusion about the need to increase the share of medium and long-term tourists among foreign visitors and tourists in the country is justified. The problems of the return of tourists, the long-term stay in Georgia, the differences of the countries-generators of tourist flows by these indicators have been studied. The changes in work and the prospects of various types of transport for the delivery of tourists to Georgia are analyzed, the measures to improve the tourist transport component are proposed. The correlation between the number of tourist arrivals and the average cost of tourists visiting Georgia from different countries is shown and the economic profitability of attracting Russian tourists, capable of filling all the tourist destinations of the country, contributing to the “tourist miracle” of Georgia is considered.

Sign in / Sign up

Export Citation Format

Share Document