scholarly journals ECONOMIC INTEGRATION AND ENDOGENOUS GROWTH: AN EXPLANATION USING AK MODEL

2019 ◽  
Vol 128 (5C) ◽  
pp. 127
Author(s):  
Phan Khoa Cuong ◽  
Tran Thi Bich Ngoc ◽  
Bui Thanh Cong
Keyword(s):  
Endogenous Growth ◽  
Economic Integration ◽  
Lower Cost ◽  
Cost Of Capital ◽  
Learning By Doing ◽  
Higher Learning ◽  
Foreign Countries ◽  
Ak Model

<p><strong>Abstract:</strong> This research investigates the impacts of economic integration on endogenous growth by an application of the AK learning-by-doing model. Assuming that the knowledge that increases the productivity of labor will be created by accumulated capital, we divide economic integration into two different categories: one-way and two-way integration. The results show that two identical countries cannot have any benefits from economic integration. If two countries are different, the domestic country should only integrate with foreign countries that have a lower cost of capital of wage, or higher learning coefficient (the speed of transferring accumulated capital to knowledge) in the case of one-way integration. The same conclusion is still drawn in the case of two-way integration for two similar countries.</p><p><strong>Keywords</strong>: economic integration, endogenous growth, AK model</p>

Nuclear power generation, renewable resources and endogenous growth

2012 ◽  
pp. 65-93
Author(s):  
Riccardo Costantini
Keyword(s):  
Radioactive Waste ◽  
Endogenous Growth ◽  
Nuclear Power ◽  
Power Plants ◽  
Preference Relation ◽  
Learning By Doing ◽  
Environmental Literature ◽  
Long Run ◽  
Simplifying Assumptions ◽  
The Impact

The author develops an endogenous growth framework in which energy production is based on a learning by doing technology exploiting renewable reproducible capital and nuclear power plants. Consumption activities generates radioactive waste according to an exogenous factor reflecting the economy energy mix, while an abatement technology, reducing the impact of solid waste accumulation on welfare, is explicitly taken into account. Differently from traditional growth and environmental literature, the author includes an explicit preference for the technology mix by postulating a non separable utility in consumption, radioactive waste and stock of renewable capital. Within this framework the author derives conditions on preferences under which sustained growth is attainable without imposing, ex ante, neither compensation nor a distaste effect characterizing utility. Finally, introducing simplifying assumptions on the preference relation, an investigation of the dynamic property of the equilibrium is provided. The results obtained suggest a high complementarity of renewable capital and nuclear technology exploitation in determining potential long run growth.

A Framework for Developing Open Distance E-Learning Curriculum for Library and Information Science (LIS) Programme in Eswatini

2020 ◽  
pp. 244-261 ◽  
Author(s):  
Vusi W. Tsabedze
Keyword(s):  
Information Science ◽  
Training And Development ◽  
Higher Learning ◽  
Library And Information Science ◽  
African Continent ◽  
Complex Situation ◽  
Staff Members ◽  
Foreign Countries ◽  
E Learning ◽  
The University

The dependency by foreign countries institutions such as South Africa, Botswana, and Namibia for library and information science (LIS) training and development of staff members, to acquire higher education, has become expensive and complex for Eswatini government to handle. The expensive nature and complex situation of sending employees out of the country for training has paralysed most of the organisation due to their absence from operations in the office. This study therefore seeks to investigate, developing open distance e-learning curriculum for LIS programme in Eswatini. The University of Eswatini (UNESWA), which is one among other institution of higher learning in the country, does not offer any programme in LIS. Considering this situation in Eswatini, this chapter proposes a framework for developing the ODeL curriculum for LIS. Such a programme could be offered through the UNESWA to accommodate students within and outside the country. Thus, ensuring Eswatini becomes a player in LIS space within the African continent.

Economic Integration and Endogenous Growth: An Addendum

1994 ◽  
Vol 109 (1) ◽  
pp. 307-308 ◽  
Author(s):  
L. Rivera-Batiz ◽  
P. M. Romer
Keyword(s):  
Endogenous Growth ◽  
Economic Integration

scholarly journals Economic Integration and Endogenous Growth

10.3386/w3528 ◽  
1990 ◽  
Author(s):  
Luis Rivera-Batiz ◽  
Paul Romer
Keyword(s):  
Endogenous Growth ◽  
Economic Integration

scholarly journals Corporate Governance and Cost of Capital: Evidence from Emerging Market

Risks ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 104
Author(s):  
Muhammad Yar Khan ◽  
Anam Javeed ◽  
Ly Kim Cuong ◽  
Ha Pham
Keyword(s):  
Corporate Governance ◽  
Lower Cost ◽  
Cost Of Capital ◽  
Emerging Market ◽  
Firm Level ◽  
Listed Firms ◽  
Corporate Failure ◽  
Governance Index ◽  
Governance Practices ◽  
Code Of Corporate Governance

This study used a researcher self-constructed corporate governance index as a proxy to measure the firm-level corporate governance compliance and disclosure with the 2002 Pakistani Code of Corporate Governance, to examine the relationship between corporate governance and cost of capital. We found a negative and significant association between the Pakistani Corporate Governance Index (PCGI) and block ownership with the firm-level cost of capital. On average, better-governed Pakistani listed firms tend to be associated with a lower cost of capital than their poorly governed counterparts are. As an emerging market, good corporate governance practices are mainly related to minimise corporate failure and assist firms in attracting capital at a lower cost.

Earnings Smoothness, Average Returns, and Implied Cost of Equity Capital

2010 ◽  
Vol 85 (1) ◽  
pp. 315-341 ◽  
Author(s):  
John McInnis
Keyword(s):  
Stock Returns ◽  
Lower Cost ◽  
Cost Of Capital ◽  
Empirical Work ◽  
Earnings Forecasts ◽  
Equity Capital ◽  
Cost Of Equity Capital ◽  
Cost Of Equity ◽  
Implied Cost Of Capital ◽  
Earnings Smoothness

ABSTRACT: Despite a belief among corporate executives that smooth earnings paths lead to a lower cost of equity capital, I find no relation between earnings smoothness and average stock returns over the last 30 years. In other words, owners of firms with volatile earnings are not compensated with higher returns, as one would expect if volatile earnings lead to greater risk exposure. Although prior empirical work links smoother earnings to a lower implied cost of capital, I offer evidence that this link is driven primarily by optimism in analysts' long-term earnings forecasts. This optimism yields target prices and implied cost of capital estimates that are systematically too high for firms with volatile earnings. Overall, the evidence is inconsistent with the notion that attempts to smooth earnings can lead to a lower cost of equity capital.

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