scholarly journals Greece in the Eurozone: An Evaluation of the First Two Decades

2022 ◽  
Vol 8 (2) ◽  
pp. 177-192
Author(s):  
Gregory T. Papanikos
Keyword(s):  
Economic Performance ◽  
The Political ◽  
Recent Issue ◽  
Political Issue ◽  
Per Capita Gdp ◽  
Political Events ◽  
Per Capita ◽  
Using Data ◽  
Detrimental Impact ◽  
Of Greece

On the 31st of December 2021, the euro celebrated its two decades in circulation. Initially, twelve countries adopted the euro as their new national currency, Greece being one of them. Starting in 2020, euro is the official currency of nineteen European Union countries. This paper aims to examine three issues. Firstly, the paper investigates Greek people’s perception about the euro, using data from the recent issue of the Eurobarometer (December 2021). Secondly, the economic performance of Greece is briefly examined by comparing the Greek Gross Domestic Product (GDP) two decades before and two decades after the introduction of euro. Finally, the Greek participation to the eurozone has been a controversial, political issue. The political developments in Greece during the first two decades of the euro are also studied, emphasizing the dramatic political events after the double elections of 2012. The period of the two decades ends with the detrimental impact of COVID-19. This issue is also mentioned by reviewing some recent publications. Keywords: Eurozone, Greece, GDP, per capita GDP, Eurobarometer, euro, elections, politics

scholarly journals Implication of Coal Expansion and Regional Energy Trading Center to Climate Goal: Dual Sustainability Analysis

2021 ◽  
Author(s):  
Edmund Ntom Udemba
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Environmental Sustainability ◽  
Ecological Footprint ◽  
Energy Use ◽  
Kuznets Curve ◽  
Per Capita Gdp ◽  
Long Run ◽  
Short Run ◽  
Per Capita

Abstract This current study seeks to investigate the policy implication of Turkey’s recent energy policies on its sustainable development. This study uses Turkey’s country-specific data and series of 1974 to 2018 for effective investigation and justification of the findings of this study with emphasis on both short run and long run implications. Three models were fitted to achieve study objectives to accommodate both environmental sustainability and economic impacts. Ecological footprint was considered better measure and used as proxy for the environment related model. In summary, with environment models, the selected series (per capita GDP, Industrialization, agriculture, coal as a single energy use and mixed energy use) except per capita GDP2 were found positively and significantly related to ecological footprint both in short run and long run which translates to poor performance of Turkey’s environment. Also, using economic growth model, the selected series (Industrialization, energy use and agriculture) were all confirmed positively and significantly related to the economic growth (per capita GDP). Additionally, Environmental Kuznets Curve (EKC) was established for Turkey’s environment and economic performance. Furthermore, using Granger causality as robust check to these findings, a nexus was found among the series confirming the validity of the cointegration (short and long run policies) estimations and results. In congruence with literature and hypotheses, the results from cointegration estimation shows that the twin polices may be good to the economic performance but will spark off adverse effect on environment.JEL Classification: C1, C32, E6, L7, O4, Q3, Q4, Q5

scholarly journals Financial structure and economic performance in selected African countries: time series evidence

2016 ◽  
Vol 11 (2) ◽  
pp. 45-60 ◽  
Author(s):  
Ronald Rateiwa ◽  
Meshach Jesse Aziakpono
Keyword(s):  
South Africa ◽  
Error Correction ◽  
Economic Performance ◽  
Correction Term ◽  
Resource Curse ◽  
Financial Structure ◽  
Strong Relationship ◽  
African Countries ◽  
Per Capita Gdp ◽  
Per Capita

In this paper, the authors investigate the long-debated question of whether or not a country’s financial structure matters for economic performance and, if so, how exactly it matters. The study uses the Johansen cointegration and vector error correction modelling framework within a country-specific setting to examine empirically the existence of a long-run equilibrium relationship between the financial structure of a country and per capita GDP and the causality thereof. The empirical assessment is based on evidence from selected African countries over the period 1971-2013, notably Egypt, Nigeria and South Africa. Firstly, cointegration test results reported in this paper show that there exists a strong relationship between the financial structure of Egypt and South Africa, and per capita GDP in these countries. However, such a relationship is weak in Nigeria, mainly attributable to its low level of financial development and the possibility of the natural resource curse emanating from the oil industry. Secondly, the evidence also strongly suggests that the nature of the relationship between the financial structure of Egypt and South Africa and per capita GDP is positive, albeit based on different measures of financial structure. In Egypt, financial structure is measured by the S-Size ratio, while, in South Africa, it is proxied by the S-Activity ratio. In Nigeria, there is no evidence suggesting that the country’s financial structure influences per capita GDP. Lastly, coefficients of the error correction term for all three countries are low, suggesting inefficiencies in the financial system and possible rigidities within the economies

scholarly journals Worldwide inverse correlation between Bacille Calmette-Guérin immunization and COVID-19 mortality

2020 ◽  
Author(s):  
Willis X. Li
Keyword(s):  
Inverse Correlation ◽  
Poverty Rate ◽  
Vaccination Rate ◽  
Bacille Calmette Guerin ◽  
Multivariate Statistical ◽  
Per Capita Gdp ◽  
Bcg Vaccination ◽  
The World ◽  
Per Capita ◽  
Using Data

Abstract The coronavirus disease 2019 (COVID-19) pandemic has spread to all countries in the world after more than half a year since it was first reported in late 2019, and different countries have been impacted differently. Multivariate statistical analyses were used to evaluate COVID-19 deaths and cases relative to nine other demographic and socioeconomic factors in all countries and regions of the world using data as of August 1, 2020. The factors analyzed in the study include a country’s total COVID-19 deaths and cases per million population, per capita gross domestic product (GDP), population density, virus tests per million population, median age, government response stringency index, hospital beds availability per thousand population, extreme poverty rate, Bacille Calmette-Guérin (BCG) vaccination rate, and diphtheria-tetanus-pertussis (DTP3) immunization rate. The study reveals that COVID-19 deaths per million population in a country most significantly correlates, inversely, with the country’s BCG vaccination rate, and also significantly correlates a country’s per capita GDP and median age, while COVID-19 cases per million population significantly correlate with per capita GDP and tests per thousand population. This study contributes to a growing body of evidence supporting the notion that BCG vaccination may be protective against COVID-19 mortality.

The dynamics of CO2 emissions and economic growth: A comparative analysis using symbolic time series

2021 ◽  
Author(s):  
Juan Gabriel Brida ◽  
David Matesanz Gómez ◽  
Verónica Segarra
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Economic Performance ◽  
Developed Countries ◽  
The Other ◽  
Per Capita Gdp ◽  
Dynamic Relationship ◽  
Nonparametric Clustering ◽  
Per Capita ◽  
Over Time

The aim of this paper is to analyze the dynamic relationship between economic growth and CO2 emissions for a set of 98 countries over the lengthy period from 1951 to 2014. We describe the topology and hierarchy of countries and introduce a different concept of economic performance based on the idea of dynamic regimes. These regimes are defined by the average levels of per-capita CO2 emissions and the growth rates of per-capita GDP. By presenting a nonparametric clustering technique, the paper identifies two main groups. One cluster can be identified as the group of developed countries, which presents a homogeneous structure and tends toward more similar dynamics over time. The other cluster, associated with developing countries, is homogeneous but the dynamics of the countries do not show convergence. The study also finds some, though little, mobility between the groups.

Guilds and Growth

2019 ◽  
pp. 511-563
Author(s):  
Sheilagh Ogilvie
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Late Medieval ◽  
Per Capita Gdp ◽  
Late Medieval Period ◽  
Rapid Economic Growth ◽  
Net Benefits ◽  
Per Capita ◽  
European Economies

This chapter discusses different measures of guild strength, in terms of guild numbers, producer—merchant relations, guilds' internal cohesiveness, their relationship with the state, characteristics of towns, interaction with the countryside, and the role of guild-free enclaves. It also examines how guild strength and weakness were associated with economic performance across pre-industrial Europe. First, European societies with relatively weak guilds saw comparatively rapid economic growth from the late medieval period onwards. Second, economic performance differed more modestly between societies with intermediate guilds and those with strong ones. Third, strong guilds were not associated with high per capita GDP or rapid economic growth at any point between 1300 and 1850. This casts doubt on the notion that guilds generated net benefits for European economies, even in their medieval inception.

ECONOMIC PERFORMANCE AND THE ENTERPRISE CULTURE

2012 ◽  
Vol 20 (03) ◽  
pp. 245-264 ◽  
Author(s):  
GREG HUNDLEY ◽  
S. DUANE HANSEN
Keyword(s):  
Economic Development ◽  
Empirical Study ◽  
National Culture ◽  
Economic Performance ◽  
Per Capita Gdp ◽  
Specific Factors ◽  
Per Capita ◽  
Entrepreneurial Activities ◽  
Practical Implications ◽  
Country Specific

Research has typically examined culture as an independent or moderating variable. In this empirical study, we examine culture as a dependent variable and specifically investigate whether higher levels of economic performance might shape a national culture more supportive of entrepreneurial activities. Analysis controlling for the effects of unobserved country-specific factors and prior levels of economic development reveals that people in nations with greater gains in per capita GDP tend to place greater value on jobs that allow for achievement, the exercise of initiative, and more interesting and challenging work. Results show that people in nations with below average economic performance become less enterprising/entrepreneurial and that the propensity for nations to converge on pro-entrepreneurial values will depend on how economic performance is distributed across countries. Theoretical and practical implications are discussed.

Media Scandals Are Political Events

2017 ◽  
Vol 70 (1) ◽  
pp. 223-236 ◽  
Author(s):  
Brendan Nyhan
Keyword(s):  
Political Institutions ◽  
The Political ◽  
Key Factors ◽  
Public Officials ◽  
Approval Ratings ◽  
Political Events ◽  
The Press ◽  
Using Data ◽  
The Cost ◽  
Political Scandals

When political scandals erupt in the press, we usually blame misconduct by public officials, but these episodes are political events whose occurrence and severity also depend in part on the political and media context. Using data on U.S. governors, I show that several key factors affect the likelihood and intensity that alleged misconduct will be politicized by the opposition and publicized by the press. First, lower approval ratings, which decrease the cost of politicizing and publicizing an allegation, are generally associated with more frequent and intense media scandals. By contrast, competing news events can crowd potential scandals off the news agenda. However, no evidence is found that opposition control of state political institutions leads to more media scandal. These results suggest that the occurrence of media scandal depends more on circumstance than we typically assume.

scholarly journals Institutional effects on economic performance in post-socialist transition: A dynamic panel analysis

2015 ◽  
Vol 65 (4) ◽  
pp. 503-523 ◽  
Author(s):  
Adnan Efendic ◽  
Geoff Pugh
Keyword(s):  
Economic Performance ◽  
Model Specification ◽  
Panel Analysis ◽  
Dynamic Panel ◽  
Per Capita Gdp ◽  
History Of ◽  
Entire History ◽  
Dynamic Panel Analysis ◽  
Per Capita ◽  
Meta Regression Analysis

This article uses dynamic panel analysis to investigate the relationship between institutional improvement and economic performance in 29 transition countries. The contribution of this paper is two-fold. First, we find that per capita GDP is determined by the entire history of institutional reform under transition and that, conditional on this history, per capita GDP adjusts to recent institutional changes. Moreover, we find that the time-horizon over which we measure institutional change matters, with five-year changes showing the clearest effects on current levels of per capita GDP. Secondly, we address the pronounced methodological heterogeneity of this literature. To compensate for incomplete theoretical guidance from the institutional literature, we draw upon an institutional meta-regression analysis to inform our model specification. Our analysis covers the period 1992–2007.

Gerrymandering in comparative perspective

2016 ◽  
Vol 24 (2) ◽  
pp. 99-104 ◽  
Author(s):  
Ferran Martínez i Coma ◽  
Ignacio Lago
Keyword(s):  
Electoral Systems ◽  
Proportional Representation ◽  
Comparative Perspective ◽  
Per Capita Gdp ◽  
Lower House ◽  
Per Capita ◽  
Using Data ◽  
Expert Surveys

Using data from the Electoral Integrity Project, we measure the level of gerrymandering according to country expert surveys in Lower House elections in 54 democracies from the second half of 2012 until the first half of 2015. We show that majoritarian systems are more prone to gerrymandering than mixed-member and above all in Proportional Representation (PR) systems. When majoritarian systems are employed in large countries, gerrymandering is exacerbated. Per capita GDP and the age of electoral systems do not significantly affect gerrymandering.

Proportionality Degree of Electoral Systems and Growth: A Panel Data Test

2015 ◽  
Vol 11 (1) ◽  
Author(s):  
Maria Rosaria Alfano ◽  
Anna Laura Baraldi
Keyword(s):  
Panel Data ◽  
Electoral Systems ◽  
Empirical Studies ◽  
The Political ◽  
Electoral Rules ◽  
Per Capita Gdp ◽  
Trade Offs ◽  
Per Capita ◽  
Cross Country ◽  
Mixed Systems

AbstractPrevious empirical studies analysing the effect of electoral systems on growth lack unanimous answers as they miss-specify mixed systems in the empirical setting, that is, they neglect to consider the proportionality degree of electoral systems. This work supplies the missing answers by properly distinguishing the electoral rules using the Gallagher proportionality index. We estimate a non-linear relationship between the Gallagher proportionality index and the per capita GDP growth using cross-country panel data. Our findings show that the proportionality degree is significant for growth; mixed systems (characterized by an intermediate level of proportionality), combining the different advantages of both proportional and plurality systems, solve the problem of the accountability–responsiveness and the political–government instability trade-offs. As a consequence, they reach relatively higher growth rates with respect to more “extreme” electoral rules.

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