scholarly journals A Review of the Strength of Trade Polices in Emerging Economies towards their Goals of Sustainable Economic Development

2021 ◽  
Vol 3 (3) ◽  
Author(s):  
Rahat Sabah
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Trade Policy ◽  
Developing Economies ◽  
Trade Policies ◽  
Economic Sectors ◽  
Sustainable Economic Development ◽  
Policy Tool ◽  
Infant Industry

Purpose: The study aims to offer a review of trade policies and Export Processing Zones (EPZs) policies and their outcomes in developing economies. The EPZs are presented as a trade policy tool by using which the developing economies trying to pursue export-led growth policy can also achieve the goals of sustainable economic development. Design/Methodology/Approach: The study has followed qualitative research design using literature review logical and qualitative text analysis to critically summarize the trade theories, policies and growth theories specially the EPZs based trade policy in developing countries. Finding: The study has revealed that the developing countries are enhancing their economic growth and expanding their economic sectors through international trade. The mercantilist trade policies under infant industry argument or others have not been much successful in spurring long term growth. EPZs are identified as a strategic trade policy tool by which developing countries can achieve economic growth and sustainable development goals (SDGs). Implications/Originality/Value: It is concluded that the infant-industry idea has not helped developing countries regarding economic growth and development. The findings presented herein are useful for political leaders and economic managers in developing countries aspiring to achieve economic growth and SDGs.

scholarly journals A Correlative Analysis of Modern Logistics Industry to Developing Economy Using the VAR Model: A Case of Pakistan

2020 ◽  
Vol 2020 ◽  
pp. 1-10
Author(s):  
Salman Hanif ◽  
Dong Mu ◽  
Saranjam Baig ◽  
Khalid Mehmood Alam
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Developing Countries ◽  
Economic Development ◽  
Developing Economies ◽  
Series Data ◽  
Var Model ◽  
Modern Logistics ◽  
Logistics Industry ◽  
Sustainable Economic Development

The modern logistics industry has opened new strategic perspectives in establishing its interrelation with economic growth. In recent years, understanding such an overlap has become a policy issue considering ever-increasing factors and their influence on this relation. Most existing studies have explored this interaction from a general perspective, or for developed countries. This paper explores time-series analysis of the dynamic variables and their inter-related influence in both the short and long run on the relationship between modern logistic industry and economic growth—a more specific perspective, particularly for developing countries. Accordingly, we exemplify our analysis by employing the vector autoregression (VAR) model to the most updated time series data of investment in the logistics industry and the economic growth of Pakistan from 1990 to 2018. The empirical findings endorse the previous studies’ outcomes and recognize the importance of sustainable economic development concerning continuously improving the logistics industry. However, a unidirectional relation is observed that economic growth leads to developing the logistics industry—economic growth exerts a significant demand-pull effect on Pakistan’s logistics. It implies that logistic industrial development is comparatively quicker in the geographical areas where economic growth is higher than those areas where economic growth is low. To conclude this study’s findings, logistics industry reforms should prioritize the selected geographical areas in improving the economy that would lead to the modern logistics industry’s development. As the model adopts Pakistan’s context, the overall statistical analysis can be generalized to other developing economies. These results would be of particular interest to strategy makers working in developing countries and help them design and develop modern transportation and logistics, coupled with interlinked technological factors, which would attract investment in the logistics industry for sustainable economic development.

scholarly journals Application of Multi-Criteria Decision-Making Model and GM (1,1) Theory for Evaluating Efficiency of FDI on Economic Growth: A Case Study in Developing Countries

2019 ◽  
Vol 11 (8) ◽  
pp. 2389 ◽  
Author(s):  
Wang ◽  
Le
Keyword(s):  
Economic Growth ◽  
Decision Making ◽  
Developing Countries ◽  
Economic Development ◽  
Exchange Rate ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Sustainable Economic Development ◽  
Sustainable Economic Growth

Foreign direct investment (FDI) and corporate social responsibility (CSR) spending are one of the major factors in improving sustainable economic development of a country. Therefore, this study focuses on the multi criteria application of FDI and sustainability factors (CSR spending) in various developing countries to explore its impact and decision making for sustainable economic growth. The study uses a case study methodology whereby FDI, exchange rate, and CSR expenditure data from 20 countries were used to assess the efficiency in sustainable economic growth. Data were collected from the World Bank for 20 Asian and African developing countries during 2012–2017 and analyzed using GM (1,1), mean absolute percentage error (MAPE), Malmquist productivity index (MPI)-data envelopment analysis (DEA), and the slacks-based measure of efficiency (SBM) model. Correlation analysis is used to find the relationship for FDI, CSR, exchange rate, gross domestic product (GDP), and GDP per capita (GDPPC). The results of the Malmquist productivity index and the frontier effect clearly highlight that a few countries have witnessed a great improvement in terms of productivity and technological progression. Therefore, the decision makers must adopt the model of those countries with respect to sustainable development of the nation. This study helps developing nations as well as researchers to benchmark efficient countries and follow their strategies to develop a new one for utilizing FDI and CSR spending in sustainable economic development. The study also helps policy makers in multi criterion application of FDI and CSR for decision making in economic development.

Development as economic growth, 1956–

2017 ◽  
Author(s):  
John Toye
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Growth Model ◽  
Technical Change ◽  
Growth Accounting ◽  
Economic Sectors ◽  
Productivity Differentials ◽  
Factor Inputs ◽  
Related Technique

Economists often conflate the theory of economic development with the theory of economic growth. This practice has become increasingly popular since Robert Solow made elegant improvements to the Harrod–Domar growth model, but left it unclear whether it was meant to be applicable in developing countries. Solow’s model has one sector only and aggregates growth as increased GNP. It has no place for changes in the balance between economic sectors that characterize development. A related technique is growth accounting, which disaggregates growth into amounts generated by capital and labour inputs, and a residual attributed to technical change and all other influences on growth. The finding that the residual outweighs the effect of factor inputs is subject to measurement problems, and ignores the question of large productivity differentials between sectors.

scholarly journals Analisis Tipologi Wilayah Berdasarkan Pertumbuhan Ekonomi, Sektor Basis Dan Disparitas Pendapatan

2019 ◽  
Vol 2 (2) ◽  
pp. 70
Author(s):  
Fajar Afandi ◽  
Aisah Jumiati ◽  
Moh. Adenan
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Income Distribution ◽  
Research Methodology ◽  
High Rate ◽  
Growth Sector ◽  
Economic Sectors ◽  
Agriculture Sector ◽  
Income Disparities

Success Economic development in developing countries can be measured by high economic growth and income distribution. Many economic growth approaches are carried out in several regions in developing regional economic sectors which are expected to increase equity. The research methodology used is descriptive quantitative which explains the results of the calculation to see the condition of the area under study. The purpose of this paper is to determine the condition of regencies / cities in East Java Province based on economic growth, sector basis and the number of income disparities. Based on the results of the study showed that East Java Province was dominated by the quadrant IV category based on the Agriculture sector with a high rate of income disparity.

scholarly journals Improving Regional Trade to Support Pakistan’s Economic Growth

2014 ◽  
Vol 19 (Special Edition) ◽  
pp. 461-469
Author(s):  
Manzoor Ahmad
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Import Substitution ◽  
Trade Policies ◽  
Regional Trade ◽  
Strategic Location ◽  
Trade Regimes ◽  
Selective Basis ◽  
Liberal Trade

Regional trade has been an important factor in the economic success of many countries. Within most trading blocs, intra-regional trade comprises 40 percent or more of each member country’s individual trade. However, for the regional arrangements of which Pakistan is a member, intra-regional trade accounts for less than 5 percent. Pakistan’s strategic location is its greatest asset, but it has not leveraged this to its advantage. Although it was a relatively forward-looking country until the mid-1960s its policies have not been favorable to promoting trade and economic development since then. While other successful developing countries have espoused liberal trade regimes since the 1980s—resorting to protectionism only on a selective basis—Pakistan continues to rely on import substitution policies. Clearly, the country needs to revisit its regional and global trade policies.

scholarly journals Does Greenfield Foreign Direct Investment Inflow contribute in Socioeconomic Development? Empirical Evidence from Developing Countries

2021 ◽  
Vol 9 (3) ◽  
Author(s):  
Shahid Akbar ◽  
Ali Raza ◽  
Zahid Raza
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Developing Economies ◽  
Dependent Variables ◽  
Socio Economic Development ◽  
The Impact ◽  
Positive Effect

This study aims to assess the impact of Greenfield-Foreign Direct Investment (FDI) inflows on the socio-economic development of ten developing countries. Developing economies rely on investment from developed countries, especially Greenfield investment. Greenfield investment is the new capital inflow to the host country's economy that helps to improve economic activities, boosts economic growth, and improves socio-economic welfare. This study has used Greenfield investment as the target-independent variable and other controlled variables remittances, aid, inflation, population, and trade openness. At the same time, socio-economic development, health, economic growth, and education are dependent variables. For this purpose, Pooled Mean Group (PMG) technique/Panel Autoregressive-Distributed Lag (ARDL) has applied for estimation purposes from 1990 to 2017. The empirical findings have shown that Greenfield-FDI has a long-term statistically significant and positive effect on economic growth, health, education, and socio-economic development. In comparison, remittances and official development assistance have positive and negative impacts on the study's dependent variables. The population also has a positive effect, whereas inflation and trade have mixed results. Outcomes of this study advise that policymakers should adopt attractive investment policies to enhance more foreign investment and utilize it efficiently, thereby promoting sustainable development. The government should announce firms to invest in human capital, which will impact productivity.   

Sustainable economic development in India: The dynamics between financial inclusion, ICT development, and economic growth

2021 ◽  
Vol 169 ◽  
pp. 120758
Author(s):  
Rudra P. Pradhan ◽  
Mak B. Arvin ◽  
Mahendhiran S. Nair ◽  
John H. Hall ◽  
Sara E. Bennett
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Inclusion ◽  
Sustainable Economic Development ◽  
Ict Development

Analysis of Major Problems Faced by Small Firms in North India

2015 ◽  
Vol 15 ◽  
pp. 150-160
Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Small Firms ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
North India ◽  
Small Enterprises ◽  
Employment Generation ◽  
Medium Enterprises

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.

scholarly journals Adaptation of Globalization and Their Effect to the Tanzania Economic Growth

2018 ◽  
Vol 13 (8) ◽  
pp. 217
Author(s):  
Japhet Jacksoni Katanga ◽  
Seleman Pharles
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Cooperation ◽  
Developing Economies ◽  
Economic Inequality ◽  
Developed Countries ◽  
Advance Technology ◽  
African Countries ◽  
The Social

Globalization can be defined as the process based on international cooperation strategies, the aims of globalization is to expanded the operation of a certain business or service to become into a worldwide level, Globalization facilitate the modern advance technology which help community to undergo the social, political and economic development. Globalization economic has reinforced the margination for African developing economies and make to be dependent for the few primary commodities or service whereby the price and demand are extreme determine by externally. On this outcome it lead some of the African countries to be turn into poverty or economic inequality due let their own resources being determine by developed countries. On these paper you will get a chance to oversee the effect of adaption globalization to Tanzania economic growth.

scholarly journals Renewable Energy Development as a Driver of Economic Growth: Evidence from Multivariate Panel Data Analysis

2019 ◽  
Vol 11 (8) ◽  
pp. 2418 ◽  
Author(s):  
Nadia Singh ◽  
Richard Nyuur ◽  
Ben Richmond
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Renewable Energy ◽  
Energy Production ◽  
Developing Economies ◽  
Panel Data Analysis ◽  
Least Square ◽  
Renewable Energy Production ◽  
The Future ◽  
The Impact

Renewable energy is being increasingly touted as the “fuel of the future,” which will help to reconcile the prerogatives of high economic growth and an economically friendly development trajectory. This paper seeks to examine relationships between renewable energy production and economic growth and the differential impact on both developed and developing economies. We employed the Fully Modified Ordinary Least Square (FMOLS) regression model to a sample of 20 developed and developing countries for the period 1995–2016. Our key empirical findings reveal that renewable energy production is associated with a positive and statistically significant impact on economic growth in both developed and developing countries for the period 1995–2016. Our results also show that the impact of renewable energy production on economic growth is higher in developing economies, as compared to developed economies. In developed countries, an increase in renewable energy production leads to a 0.07 per cent rise in output, compared to only 0.05 per cent rise in output for developing countries. These findings have important implications for policymakers and reveal that renewable energy production can offer an environmentally sustainable means of economic growth in the future.

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