The Imperatives of Beneficiation Law for Botswana’s Diamond Mining Industry and Its Implications for Foreign Investment Protection

2018 ◽  
Vol 33 (2) ◽  
Author(s):  
Femi Oluyeju ◽  
Kuda Tshiamo
Keyword(s):  
Economic Growth ◽  
Foreign Investment ◽  
Value Chain ◽  
Positive Impact ◽  
Mining Industry ◽  
Investment Protection ◽  
Goods And Services ◽  
Advantages And Disadvantages ◽  
Diamond Mining ◽  
Backward And Forward Linkages

This article seeks to interrogate the advantages and disadvantages of beneficiation law for Botswana’s mining industry and its implications for foreign investment protection. Furthermore, it argues that the enactment of beneficiation law could stimulate economic growth and development in Botswana. On a proper analysis of the potential of beneficiation law it seems plain that it may facilitate the integration, of among others, the cutting and polishing segments through the backward and forward linkages in the entire diamond value chain to move Botswana diamond industry a step further as a new and emerging jewellery manufacturing and retail center in order to derive maximum returns from the rough diamond production. Quite clearly, cutting and polishing of diamonds in Botswana is bound to promote employment which in turn will promote demand for goods and services that would have a positive impact on economic growth in Botswana.  The paper concludes that on a balance, the opportunities accruable from the enactment of this law far outweigh the downsides and will not in any way scare investors away as some have perceived it.

scholarly journals Relationship Economic Growth with Foreign Direct Investment

2020 ◽  
Vol 3 (3) ◽  
pp. 49-68
Author(s):  
Prince Charles Heston Runtunuwu
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
Positive Impact ◽  
Secondary Data ◽  
Causality Test ◽  
Long Run ◽  
Causality Relationship ◽  
The One

This study aims to determine the one-way causality relationship between foreign investment and economic growth, a one-way causality relationship between economic growth and foreign investment, and a two-way causality relationship between foreign investment and economic growth in Indonesia. This was conducted in Indonesia, the data are secondary data taken using the method time series from 1971 to 2018 from the official websites, the Investment Coordinating Board, and literature sources, Foreign Investment and Gross Domestic Product. (1) in the long run the Economic Growth variable has a significant effect on Foreign Direct Investment, and vice versa; and (2) the Foreign Direct Investment variable has a significant effect on Economic Growth; (3) in the short term, the Economic Growth variable has an influence on Foreign Direct Investment, and vice versa; and the Foreign Direct Investment variable has an influence on Economic Growth. It is possible to have a better long-term relationship, bringing positive impact on economic growth in Indonesia when investment in Indonesia increases. Conversely, when economic growth decreases, it means that foreign investment is also low. Granger Causality test, shows a two-way causality relationship between Economic Growth and Foreign Direct Investment and vice versa. It is necessary to maintain growth to attract foreign direct investment, as well as foreign investment. Investment climate needs to be improved enabling to invest in Indonesia.

scholarly journals US INVESTMENTS IN PRIORITY SECTORS OF THE ECONOMY OF KAZAKHSTAN

THE BULLETIN ◽  
2020 ◽  
Vol 5 (387) ◽  
pp. 199-207
Author(s):  
G. Т. Shakulikova ◽  
◽  
Zh. K. Yerzhanova ◽  
Zh. Zh. Gabbassova ◽  
R. A. Karabassov ◽  
...  
Keyword(s):  
Comparative Analysis ◽  
Stock Market ◽  
Foreign Investment ◽  
Mining Industry ◽  
Raw Material ◽  
Key Factors ◽  
Investment Funds ◽  
The Public ◽  
Advantages And Disadvantages ◽  
Returns On Investment

In the conditions of self-isolation, a small and medium business suffered as a result of a pandemic, however, large business remained afloat due to large “long money”. Large business in Kazakhstan is mainly a raw material business, i.e., the mining industry, as a priority, has not suspended its activities. The tasks in the field of attracting investment remained the same. For Kazakhstan, in the direction of attracting foreign investment, firstly, it is worth identifying competitive sectors of the economy. Secondly, clearly understand the key factors in the development of these industries. Thirdly, to conduct a comparative analysis and assess the advantages and disadvantages in relation to other countries, which will be the main competitors in this industry. Fourth, identify potential investors. Fifth, optimize the activities of the coordinating agency or body that is responsible for investments in Kazakhstan. For US investors, the stock market in Kazakhstan is very small. It presents mainly companies in the mining and financial sectors of the economy, as well as the public sector. The limited financing opportunities in the stock market do not allow providing higher returns on investment funds, and this in turn negatively affects the influx of potential investors and investors.

scholarly journals Impact of Financial Integration on Ethiopian Economic Growth

2019 ◽  
Vol 10 (1) ◽  
pp. 55
Author(s):  
Abdulaziz A Hussen
Keyword(s):  
Economic Growth ◽  
Financial Integration ◽  
Positive Impact ◽  
Negative Influence ◽  
Paper Analysis ◽  
Positive Contribution ◽  
Financial Flows ◽  
Research Results ◽  
Advantages And Disadvantages ◽  
The Impact

This paper analyzes theoretically the role of financial integration on economic growth and empirically examines the influence of financial integration on Ethiopian economic growth. Many researchers find different investigation results during their data analysis on the impact of financial integration on economic growth. The outcome of most researchers indicate that financial integration has a positive contribution to economic growth, while the result of quite a few numbers of researchers suggested that financial integration has a negative influence on economic growth. Similarly, few of them propose that the relationship between these two variables as bi- directional. Furthermore, literatures categorize the impact of financial sector on economic growth into four basic hypotheses. Which are supply leading, demand following, bidirectional, and independent hypothesis. These hypotheses suggest that financial integration has different role on economic growth and all of them are supported by several research results of various researchers. It is considered that the main reason behind these contrasting research results are the level of financial integration and the composition of financial flows. Moreover, the financial crises that occur in recent decades created a heated debate among researchers on the advantages and disadvantages of financial integration. However, most economists agree that financial integration is beneficial to the economy. The result of this paper analysis also shows, financial integration has a positive impact on the Ethiopian economic performance.

scholarly journals Pengaruh Pendapatan Asli Daerah dan belanja modal terhadap pertumbuhan ekonomi Provinsi Kepulauan Bangka Belitung tahun 2009-2018

SOROT ◽  
2020 ◽  
Vol 15 (2) ◽  
pp. 105
Author(s):  
Muhammad Dedy Palguno ◽  
Devi Valeriani ◽  
Suhartono Suhartono
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Data ◽  
Positive Impact ◽  
Capital Expenditure ◽  
Series Data ◽  
Test Results ◽  
Important Indicator ◽  
Goods And Services ◽  
Local Revenue

Pertumbuhan Ekonomi adalah salah satu indikator penting untuk melihat keberhasilan pembangunan ekonomi pada suatu negara atau daerah. Suatu perekonomian dikatakan mengalami pertumbuhan ekonomi jika jumlah produksi barang dan jasanya meningkat dan produk domestik regional bruto merupakan salah satu indikator penting untuk mengetahui kondisi ekonomi di suatu daerah dalam suatu periode tertentu baik atas dasar harga berlaku maupun atas dasar harga konstan. Tujuan Penelitian adalah untuk melihat pengaruh pendapatan asli daerah (PAD) dan belanja modal terhadap pertumbuhan ekonomi. Data yang digunakan dalam penelitian ini merupakan data time series periode tahun 2009-2018. Analisis data yang digunakan adalah analisis regresi berganda untuk melihat seberapa besar pengaruh pendapatan asli daerah dan belanja modal terhadap pertumbuhan ekonomi di Provinsi Kepulauan Bangka Belitung. Hasil Penelitian menunjukkan bahwa secara simultan variabel PAD dan belanja modal berpengaruh positif signifikan terhadap pertumbuhan ekonomi. Hasil pengujian secara parsial variabel pendapatan asli daerah berpengaruh positif signifikan terhadap pertumbuhan ekonomi dan pada variabel belanja modal hasil uji secara parsial tidak berpengaruh signifikan terhadap pertumbuhan ekonomi.Economic growth is one important indicator to see the success of economic development in a country or region. An economy is said to experience economic growth if the amount of production of goods and services increases and the gross regional domestic product is one of the essential indicators to determine the economic conditions in a region in a given period both based on current prices and constantly. The purpose of this study is to look at the effect of regional own-source revenue (PAD) and capital expenditure on economic growth. The data used in this study is Time Series data (time series) for the years 2009-2018. Analysis of the data used is multiple regression analysis to see how much influence the region's original income and capital expenditure on economic growth in the Bangka Belitung Islands Province. The results showed that simultaneous variables of PAD and capital expenditure had a significant positive effect on economic growth. The test results partially local revenue variables have a significant positive impact on economic growth. On the capital expenditure variable, the test results partly have no significant effect on economic growth.

scholarly journals FOREIGN INVESTMENT INFLOWS AND THE STRUGGLE FOR A RENEWED ECONOMIC GROWTH IN NIGERIA: AN ECONOMETRIC STUDY

2019 ◽  
Vol 7 (8) ◽  
pp. 88-103
Author(s):  
Aderopo Raphael Adediyan ◽  
Emmanuel Ekomoezor
Keyword(s):  
Economic Growth ◽  
Foreign Investment ◽  
Time Series Data ◽  
Positive Impact ◽  
Labour Force ◽  
Trade Openness ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
Annual Time Series

This study attempts to find answer to the question of whether Nigeria should intensify effort to draw home more foreign investment; would more of foreign investment inflows accelerate Nigeria economic performance? Methodologically, annual time series data from 1986 to 2018 was analyzed using ARDL approach. The key findings are that, although FDI has long-run positive impact on economic growth, FPI has no operational effect on the growth; this is true of FPI both in the long-run and short-run. Furthermore, labour force and trade openness were found to have long-run and short-run positive impact on growth. Hence, government must tactically open up economy to trans-border trade, increase labour supply and intensify effort to attract more FDI.

scholarly journals Foreign investment & growth in emerging economies: panel ARDL analysis

2019 ◽  
Vol 22 (2) ◽  
Author(s):  
Michael Appiah
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
Developing Economies ◽  
Positive Impact ◽  
Trade Openness ◽  
Positive Sign ◽  
Panel Ardl ◽  
Employment Conditions

The contributory role of foreign investment on growth in Africa recent years has received much consideration by researchers and policy makers. Studies on this area available are not clear. In most recent studies, foreign direct investment has emerged as a determining factor of economic growth. In light of this fact, the current study is an attempt to investigate the contributions of foreign direct investment on economic growth in developing economies of Africa. This study uses yearly panel data for the period 1995-2015 for 5 developing economies of Africa. The results of Panel ARDL indicate that foreign direct investment has positive impact on economic growth as well as a positive sign of trade openness, inflation and labor. The study stresses that for increasing economic growth there is a need to seek more foreign investments, increase trade openness and inflation at the same time improve upon employment conditions in selected African developing countries.

Fiscal Stability of the Local Government Units in the Republic of Srpska

2021 ◽  
Vol 59 (1) ◽  
pp. 109-132
Author(s):  
Biljana Gojković ◽  
Sanja Popović ◽  
Marijana Đukić
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Public Finances ◽  
The Public ◽  
Goods And Services ◽  
Efficient Management ◽  
The Republic ◽  
The Impact ◽  
Significant Attention

Abstract Fiscal stability of the local self-government units is the condition for stable public finances of the Republic of Srpska (hereinafter: RS) as a whole. Stable public finances of local self-government units have a positive impact on the economic growth of the RS. Therefore, it is necessary to pay a significant attention to the fiscal problems of local self-government units (hereinafter: LGUs). Although the public finances of the LGUs make up 15% of the total public finances of the Republic of Srpska, it is important to emphasize that the life of the RS citizens takes place in the local self-government. In this regard, LGUs have the important role in providing public goods and services, as well as creating the environment for the life of citizens on the basis of legally defined competencies. Having in mind the importance and role of local self-government units in the RS, it is necessary to ensure the efficient management and stability of their public finances. One of the preconditions for the successful exercise of the competencies of LGUs is the rational and efficient use of available resources. The aim of this paper is to examine the impact of the key fiscal factors of local self-government units on their fiscal stability. The results of this analysis will provide answers to the question of how rational and efficient local self-government units are in the execution of their competencies and how it is reflected on their revenues and expenditures, i.e. in total public finances of RS.

Microfinance Intervention In Poverty Alleviation And Development

1970 ◽  
Vol 4 (1) ◽  
pp. 41-50
Author(s):  
A. Shanthi ◽  
M. Dhanabhakyam
Keyword(s):  
Economic Growth ◽  
Labour Market ◽  
Labor Force ◽  
Foreign Investment ◽  
Poverty Alleviation ◽  
Developing Economies ◽  
Aging Population ◽  
Labour Market Policies ◽  
Goods And Services ◽  
The Right

Poverty is one of the conspicuous features of the developing economies in Africa. It is more sever in Eritrea where the size of its economy is small, significant economic growth and transformation may take place if Eritrea exploits all opportunities for export of goods and services and is open to foreign investment and can curtail the rampant poverty. No economy can develop without the right mix of educated, experienced and skilled labor.  Skill itself isn’t adequate without the right attitude, hope and enthusiasm among the labor force. This indicates that there are other factors which affect poverty of a household in conjunction with education. There is a need for providing complementary factors along side with education so as to alleviate poverty. These results suggest labour market policies as potential instruments for tackling poverty in Eritrea. It is possible that because of the war situation and aging population most of those who are poor and unemployed may turn out to be non employable. 

scholarly journals Foreign Investment, Government Expenditure, and Economic Growth in Malaysia

2010 ◽  
Author(s):  
Fatimah Said ◽  
Zarinah Yusof ◽  
Saad Mohd Said ◽  
Ahmad Farid OSMAN
Keyword(s):  
Economic Growth ◽  
Foreign Investment ◽  
Driving Forces ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Real Income ◽  
Ordinary Least Squares ◽  
Gdp Per Capita ◽  
Per Capita

This study uses the ordinary least squares technique to examine the effect of foreign investment and government expenditure on the growth in GDP per capita in Malaysia over the period 1978-2005. The regression results showed that the growth of export and ratio of government expenditure to GDP are the driving forces in enhancing the economic growth in Malaysia. Foreign investment and previous year real income per capita growth depict positive impact, whereas population growth exerts a negative impact on economic growth.  

scholarly journals Poverty In Post Independent Eritrea - Challenges And Implications

1970 ◽  
Vol 4 (1) ◽  
pp. 28-40
Author(s):  
Ravinder Rena
Keyword(s):  
Economic Growth ◽  
Labour Market ◽  
Labor Force ◽  
Foreign Investment ◽  
Developing Economies ◽  
Aging Population ◽  
Labour Market Policies ◽  
Goods And Services ◽  
The Right

Poverty is one of the conspicuous features of the developing economies in Africa. It is more sever in Eritrea where the size of its economy is small, significant economic growth and transformation may take place if Eritrea exploits all opportunities for export of goods and services and is open to foreign investment and can curtail the rampant poverty. No economy can develop without the right mix of educated, experienced and skilled labor.  Skill itself isn’t adequate without the right attitude, hope and enthusiasm among the labor force. This indicates that there are other factors which affect poverty of a household in conjunction with education. There is a need for providing complementary factors along side with education so as to alleviate poverty. These results suggest labour market policies as potential instruments for tackling poverty in Eritrea. It is possible that because of the war situation and aging population most of those who are poor and unemployed may turn out to be non employable.  Classification-JEL: Keywords:

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