scholarly journals Analysis of the Correlations Between Public Capital Investments and Economic Development in Romania

2010 ◽  
Author(s):  
Anca Sava ◽  
Bogdan Zugravu
Keyword(s):  
Public Finance ◽  
Economic Development ◽  
Literature Review ◽  
Gross Domestic Product ◽  
Statistical Data ◽  
Positive Impact ◽  
Public Capital ◽  
Capital Investments ◽  
The Subject ◽  
The Relationship

This article aims to address the correlations between public capital investments and economic development in Romania. Firstly, it presents a brief literature review on the subject proposed for analysis, under which it can be assumed that public capital investments have a positive impact on production, employment, private sector and thus contribute to economic development. Also, we found some heterogeneity of results across country, regions and sectors. Secondly, it analysis the evolution of public capital investments and gross domestic product during 2006-2009 and also tests the relationship between this two variables, using a correlation coefficient, based on data from the general consolidated budget provided by The Ministry of Public Finance and also statistical data on GDP from National Institute of Statistics.

scholarly journals THE IMPACT OF THE AUTOMOTIVE INDUSTRY ON THE MOROCCAN ECONOMY

2021 ◽  
Vol 5 (2) ◽  
Author(s):  
Rania Echrigui ◽  
Adil Moghar ◽  
Mhamed Hamiche
Keyword(s):  
Literature Review ◽  
Gross Domestic Product ◽  
Error Correction ◽  
Automotive Industry ◽  
Positive Impact ◽  
Correction Model ◽  
The Subject ◽  
The Impact ◽  
The Relationship ◽  
Integration Order

This study explains the relationship between the Moroccan automotive industry, employment and gross domestic product GDP, for this reason, a literature review on the subject was conducted, which allowed us to understand the relationship between all variables. After the analysis, the results show that the variables integration order allowed us to apply the error correction model (ECM), in fact, this model confirmed the relationships between the variables, and showed that the automotive industry in Morocco has a significant positive impact on employment and GDP. JEL: L60; L62 <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0795/a.php" alt="Hit counter" /></p>

scholarly journals Gambling Tourism and Economic Development: Some Lessons from Macao

2021 ◽  
Vol 04 (03) ◽  
Author(s):  
Theodore Metaxas ◽  
Keyword(s):  
Economic Development ◽  
National Economy ◽  
Statistical Data ◽  
Single Type ◽  
Text Production ◽  
Alternative Tourism ◽  
Tourist Flows ◽  
The Subject ◽  
The Relationship

This article aims to explore and document the relationship between forms of alternative tourism and economic development. More specifically, the subject of this investigation will be whether a small national economy is able to rely wholly or largely on tourist flows as a source of income and even to invest in a single type of tourism. Alternative forms of tourism, gaming tourism as well as the features of territorially limited countries and how they are linked to the case of Macao will also be objects of study and annotation. With the process of text production through scientific articles, statistical data, and reliable databases, this article attempts to satisfy the investigated relationship as well as the stemming questions.

scholarly journals Institutions and Economic Development on the Example of OECD Countries

2020 ◽  
Vol 4 (2) ◽  
pp. 27-48
Author(s):  
Mateusz Borkowski ◽  
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
Research Methods ◽  
Institutional Environment ◽  
Positive Impact ◽  
Modelling Method ◽  
Level Of Economic Development ◽  
The Subject ◽  
The Relationship

The problem of economic development has been the subject of discussion in economic theory for hundreds of years. It is one of the most important issues in economics. To this day, it is crucial to specify the factors and conditions of this phenomenon. The purpose of this article is to identify the direction and strength of the relationship between the quality of the institutional environment and the level of economic development. The soft modelling method and analysis of the literature were applied to identify this relationship. Selected research methods allowed for the positive verification of the adopted hypothesis- institutional environment has a significant, positive impact on shaping economic development dynamics.

Railroad Integration and Uneven Development on the European Periphery, 1870–1910

2021 ◽  
Vol 45 (2) ◽  
pp. 261-289
Author(s):  
Eduard J. Alvarez-Palau ◽  
Alfonso Díez-Minguela ◽  
Jordi Martí-Henneberg
Keyword(s):  
Economic Development ◽  
Positive Impact ◽  
Data Set ◽  
Per Capita Gdp ◽  
Catching Up ◽  
Nation States ◽  
Railroad Network ◽  
Per Capita ◽  
European Periphery ◽  
The Relationship

AbstractThis study explores the relationship between railroad integration and regional development on the European periphery between 1870 and 1910, based on a regional data set including 291 spatial units. Railroad integration is proxied by railroad density, while per capita GDP is used as an indicator of economic development. The period under study is of particular relevance as it has been associated with the second wave of railroad construction in Europe and also coincides with the industrialization of most of the continent. Overall, we found that railroads had a significant and positive impact on the growth of per capita GDP across Europe. The magnitude of this relationship appears to be relatively modest, but the results obtained are robust with respect to a number of different specifications. From a geographical perspective, we found that railroads had a significantly greater influence on regions located in countries on the northern periphery of Europe than in other outlying areas. They also helped the economies of these areas to begin the process of catching up with the continent’s industrialized core. In contrast, the regions on the southern periphery showed lower levels of economic growth, with this exacerbating the preexisting divergence in economic development. The expansion of the railroad network in them was unable to homogenize the diffusion of economic development and tended to further benefit the regions that were already industrialized. In most of the cases, the capital effect was magnified, and this contributed to the consolidation of newly created nation-states.

The Fall of Balmaceda and Public Finance in Chile: New Data for an Old Debate

1982 ◽  
Vol 24 (4) ◽  
pp. 421-460 ◽  
Author(s):  
John R. Bowman ◽  
Michael Wallerstein
Keyword(s):  
Public Finance ◽  
Economic Development ◽  
Latin America ◽  
Discrete Event ◽  
Political Stability ◽  
Parliamentary System ◽  
Presidential System ◽  
The Subject ◽  
New Generation ◽  
Over Time

The 1891 civil war that led to the downfall of President José Manuel Balmaceda is without doubt one of the most visible episodes of Chilean history. Already the subject of a voluminous bibliography by 1894 (Echeverría y Reyes, 1894), the “revolution's” importance to historians of Chile actually increased over time as a new generation of scholars came to view it not merely as a discrete event of limited intrinsic interest but as an important key to understanding Chile's subsequent political and economic development. In retrospect, the conflict came to be seen as a “crucial watershed” in Chilean history (Blakemore, 1974: 243), marking the replacement of a presidential system—1833-1891—notable in nineteenth-century Latin America for political stability, by a parliamentary system—1891-1924—notorious for political and monetary disorder.

scholarly journals Cultural and Social Diversity as an Economic Resource

2021 ◽  
Vol 65 (2) ◽  
pp. 141-155
Author(s):  
Damian S. Pyrkosz
Keyword(s):  
Economic Development ◽  
Negative Impact ◽  
Positive Impact ◽  
Economic Systems ◽  
Main Body ◽  
Social Diversity ◽  
Economic Resource ◽  
Numerous Data ◽  
The Relationship

The paper seeks to identify the role of cultural and social diversity in economic development. It starts by defining the terms that are critical to the analysis, including diversity, fractionalization, polarization, social diversity, cultural diversity and economic resources, as well as providing the most significant indexes thereof. The main body of the paper interprets the notions of cultural and social diversity in terms of being a valuable economic resource. Furthermore, it collects a vast body of literature to demonstrate the relationship between the cultural/social diversity and economic development with regard to adverse or positive impact on the latter. In regard to the negative impact of diversity, the paper identifies it in the area of social communication, social capital and networks, as it effectively causes a decrease in productivity and increase in social conflict and isolation. The positive link is demonstrated with examples in the areas of innovation, creativity, usage of complementary abilities and experiences, and their role in increasing productivity. The paper refers to numerous data sources, studies and indexes illustrating how the economic systems of various countries perform in the context of the paper’s subject-matter.

scholarly journals Financing and financial sustainability of microfinance institutions (MFIs): a conceptual view

2016 ◽  
Vol 11 (2) ◽  
pp. 21-32 ◽  
Author(s):  
Innocent Bayai ◽  
Sylvanus Ikhide
Keyword(s):  
Literature Review ◽  
Agency Problems ◽  
Financial Sustainability ◽  
Microfinance Institutions ◽  
Review Of Literature ◽  
Mission Drift ◽  
The Subject ◽  
The Relationship ◽  
Financing Option

Recent evidence shows that MFI financing continues to evolve with an increased inclination towards commercial financing. Taking stock on MFI financing and refocusing on the relationship between financing options and financial sustainability (FS) is unavoidable. The authors consummated a literature review based on complementing the little evidence on the subject with both theoretical and implied evidence from related studies in unpacking the relationship. Though donations are losing grip as a popular MFI financing option, review of literature recommends smart subsidies to spur FS and counter inefficiency, mis-targetting, dependency and distortions. As much as debt addresses agency problems and endorses FS, it has to be kept within limits to curb liquidation and mission drift. Deposit attraction augments FS and outreach, though MFIs must prepare to foot licensing costs, otherwise, mission drift ensues. Equity, though scarce in microfinance, is cheap and additive to FS. The authors suggest that MFIs should consider commercial funding, whilst keeping a check on the downside of each commercial financing option to augment FS and multiply outreach

scholarly journals Did Slavery make Scotia great?

2011 ◽  
Vol 4 (1) ◽  
pp. 40-64 ◽  
Author(s):  
T. M. Devine
Keyword(s):  
Eighteenth Century ◽  
Economic Development ◽  
Significant Influence ◽  
Slave Trade ◽  
Traditional View ◽  
Market Opportunities ◽  
Great Leap Forward ◽  
The Subject ◽  
The Caribbean ◽  
The Relationship

The relationship between slavery, the slave trade and British economic development remains a contested field of eighteenth century history. This article examines one hitherto unexplored aspect of the subject, the significance, if any, of profits derived from the slave-based economies of the Atlantic in Scotland's Great Leap Forward in the later eighteenth century. It is argued that because of the distinctive nature of Scottish development, compared to that of England, and the intimate connections between Scotland and plantation economies the question does merit serious consideration. The article, however, supports the traditional view that slave trading direct from Scottish ports was very limited, although Scottish merchants and mariners were often heavily involved in slave trafficking from London, Bristol and Liverpool. The key Scottish link was with the tobacco and sugar trades, plantation ownership in the Caribbean and as merchants, physicians, attorneys and overseers in the plantation economies. It is argued that in terms of both capital transfers and market opportunities slavery can indeed be considered one of the factors facilitating development in Scotland and was possibly a much more significant influence north of the border than in the industrialisation of England.

Income Inequality and Economic Development

2010 ◽  
Author(s):  
Matthew McKeever
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Inequality ◽  
Poverty Reduction ◽  
Industrial Society ◽  
Considerable Debate ◽  
The Subject ◽  
The Rich ◽  
The Government ◽  
The Relationship

The nature of the relationship between economic development and income inequality has long been the subject of considerable debate. Economic growth has very different effects on poverty, depending on a country’s level of income inequality. In high inequality countries, economic growth that raises the overall level of income disproportionately tends to benefit the rich, whereas policies that encourage economic growth while reducing income inequality will greatly accelerate the achievement of poverty reduction goals. Thus, understanding how income inequality and economic development are linked is important for establishing economic growth policies that reduce poverty. The literature on the economic development–income inequality nexus in industrial society places emphasis on the causes of current social inequality. The central and most cited paper in the literature is S. Kuznets’s “Economic Growth and Income Inequality” (1955), which proposed an inverted U-shaped relationship between development and inequality over the course of industrialization. Some scholars have tried to build upon Kuznets’s theory by focusing on his claim that income inequality is a function of the nature of regulations put on the market. Other studies deal with the importance of studying the relationship between democracy and inequality, the effect of the nature of the government on shaping inequality compared to industrialization, and the implications of globalization for income inequality. This overview of the literature shows that there is little true consensus on the relationship between inequality and development and highlights two major areas for improvement: measurement and data quality.

Developing the Recycle Economy - A Strategic Choice of Sustainable Development

2012 ◽  
Vol 524-527 ◽  
pp. 3361-3364
Author(s):  
Jia Yi Huang ◽  
Yi Hui Huang
Keyword(s):  
Game Theory ◽  
Sustainable Development ◽  
Economic Development ◽  
21St Century ◽  
Environmental Deterioration ◽  
The World ◽  
Recycle Economy ◽  
The Subject ◽  
Manufacturing Methods ◽  
The Relationship

As we enter the 21st Century, various countries in the world are faced with many challenges, such as overpopulation, shortage of resources and environmental deterioration. Developing recycle economy is one of the important ways to realize sustainable development. The purpose of recycle economy is to insure circulation utilization of resources and positive conversion of ecosystem on the premise of keeping economic development. Its mechanism should be "Government instructs, Enterprise acts, Society participates, Markets operate". Enterprise is the subject of economy, so the development of recycle economy must be put into effect in enterprises. In this paper, how to advance enterprise to develop recycle economy by carrying out environmentally friendly manufacturing methods and the relationship between government and enterprise in Game Theory are discussed. The thesis also provides some suggestions for government to promote the development of recycle economy.

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