scholarly journals The Impact of Exports on Economic Growth in Vietnam

2020 ◽  
Vol 3 (4) ◽  
Author(s):  
Nguyen Thi Van Anh ◽  
◽  
Hoang Thanh Tung ◽  
Vu Thuy Hien
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Supply Chain ◽  
Research Team ◽  
Positive Impact ◽  
Current Situation ◽  
Data Series ◽  
Total Import ◽  
The World ◽  
The Impact

In 2010, Vietnam achieved a total import-export turnover of US $ 154 billion, but by 2019, that number increased more than tripled, reaching over $ 500 billion. In 2020, while the context of complicated developments of the outbreak COVID-19 in the world, disrupting supply chain in international trade, Vietnam's merchandise exports remained the rising trend and exerted a positive impact on economic growth. In the article, the research team will present the results of examining the current situation of Vietnam's exports and economic growth in the period 2005 - 2019 and the first 9 months of 2020. By using Eview8 software to analyze the data series compiled every quarter in the period 2005 - 2019, the research team evaluated the impact of exports on Vietnam's economic growth in this period and pointed out some problems for export activities of Vietnam. Besides, the research team also considers the opportunities and challenges for export activities in the context of the COVID-19 pandemic. Finally, the research team made some recommendations to boost Vietnam's exports in the context of the COVID 19 pandemic.

scholarly journals Does Export Led Growth Hypothesis Hold Under World Crisis Recovery Regime in Malaysia?

2019 ◽  
Vol 10 (5) ◽  
pp. 9
Author(s):  
Asmawi Hashim ◽  
Norimah Rambeli ◽  
Norasibah Abdul Jalil ◽  
Normala Zulkifli ◽  
Emilda Hashim ◽  
...  
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Data Series ◽  
World Crisis ◽  
Long Run ◽  
The Impact ◽  
Growth Hypothesis

This paper examines empirically the nature of the impact of the exchange rate on import, export and economic growth in Malaysia from 2009 until 2018. The objective of this study is to investigate the long-term and short-term relationship between endogenous and exogenous variables and also to identify the effects of exchange rates on dependent variables including imports, exports and the Gross Domestic Product (DGP) that represent the productivity of the country. This study further focuses on investigating the impact or the role of export in drive the county economic growth. In achieving these objectives, the Augmented Dickey-Fuller (ADF) testing procedure is used to test the presence of unit root. In order to investigate the incidence of long run relationship between the data series, the Johansen Juselius Cointegration Vector is utilized. The Granger Causality in Vector Error Correction Model (VECM) framework is employed to differentiate between short run and long run causal effects in examining the led growth determinants. The result shows that there is causality between exchange rate, import, export and GDP. Moreover, this study shows that exchange rates responded positively to import and export and negatively to GDP. The result further support for export led growth hypothesis in this study. Thus, confirm for the role of export in motivating the economic growth productivity in after World Crisis regime in year 2008. However, Malaysia must not only relay on international trade to generate income for the country. This is because Malaysia is fortunate to have survived the negative effects of the global crisis; the international trade is exposed to exchange rate instability. If Malaysia wants to succeed in international trade, it may be able to focus on food and services trade. As alternative Malaysia may focuses on agriculture sector by improving the research and development and be a champion on food supply for the world.

scholarly journals Evaluation and investigation: the determinants of central banking efficiency

2021 ◽  
Vol 55 (2) ◽  
pp. 481-493
Author(s):  
Qaiser Farooq Dar ◽  
Ahn Young-Hyo ◽  
Gulbadin Farooq Dar
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Central Bank ◽  
Structural Equation ◽  
Stochastic Frontier Analysis ◽  
Positive Impact ◽  
Central Banking ◽  
Bank Efficiency ◽  
Frontier Analysis ◽  
The Impact

The stochastic frontier analysis is a comprehensive and accepted approach for analysing efficiency in case of the parametric functional relationship existing between production processes’ inputs with its output. Usually, in the banking industry, the relationship between the user inputs and outputs are non-deterministic. In the present study, an SFA approach is used to estimate the efficiency of top 17 Asian central banks in combining three inputs and one output. Structural equation modelling is applied to examine the impact of the country’s international trade and economic growth on its central bank efficiency. Based on the results, we have observed significant efficiency ranks between the year 2016– 2018. The technical efficiency value estimates by SFA method range from 0.236822 to 0.821864. Our calculations also suggest a positive impact of international trade on central bank efficiency compared to the economic growth of that country.

scholarly journals Trade liberalization, Economic Growth and Poverty Level in Nigeria: Vector Auto-regression (VAR) Approach (1980-2009)

2014 ◽  
Vol 6 (7) ◽  
pp. 591-606 ◽  
Author(s):  
Aremo Aremo
Keyword(s):  
Economic Growth ◽  
Trade Liberalization ◽  
Positive Impact ◽  
Data Series ◽  
Poverty Level ◽  
Vector Auto Regression ◽  
The Government ◽  
Good Policy ◽  
The Impact ◽  
Auto Regression

The paper examines the nexus among trade liberalization, economic growth and poverty level in Nigeria between 1980 and 2009 within the context of multivariate Vector Auto regression (VAR) with a view to establishing the links that exist among the three variables. The data series were also subjected to unit root and co integration tests to examine the properties of the data. The findings that emerged from the analyses showed that the interactions among trade liberalization, economic growth and poverty level suggest that economic growth had a positive impact on trade liberalization in Nigeria within the study period. Also, the interactions among trade liberalization, economic growth and poverty level were weak making the effect of trade liberalization on poverty to be low. This probability portrays the presence of some structural rigidity in the economy capable of preventing the impact of trade liberalization from being fully felt on poverty, particularly through economic growth channel. This suggests the presence of some institutional factors that create inherent problems in the economy that could largely frustrate any valid and sincere trade policies formulated by the government. It is therefore recommended that policy makers should be mindful of the fact that the Nigerian economy is structurally vulnerable; such that for any policy to succeed, the peculiar characteristics of the economy must be factored into the plan and rigorously evaluated for good policy effects.

The Impact of International Trade on Economic Growth in Nigeria: An Econometric Analysis

2017 ◽  
Vol 1 (1) ◽  
pp. 28-47 ◽  
Author(s):  
Stephen Egoro A. ◽  
Obah Daddy Obah
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Gross Domestic Product ◽  
Multiple Regression ◽  
Positive Impact ◽  
Secondary Data ◽  
Econometric Analysis ◽  
Regression Estimation ◽  
Oil Exports ◽  
The Impact

The study examines the effect of international trade on the economic growth of Nigeria from 1981 to 2015. The model specified economic growth measured by gross domestic product as dependent on international trade proxy by non-oil imports, oil imports, Non-oil exports, and oil exports. Secondary data was adopted and sourced from CBN statistical bulletin. Multiple regression estimation techniques with the aid of E-view version 9 was used to analyze the effects of international trade on the economic growth of Nigeria. It was evidenced that international trade has a significant positive impact on economic growth in Nigeria. The study recommends that government should reduce over-dependence on oil exports and increase and diversify its export base to earn more revenue.

scholarly journals Can Highway Networks Promote Productivity? Evidence from China

2021 ◽  
Vol 2021 ◽  
pp. 1-20
Author(s):  
Yumei Lin ◽  
Junpei Huang
Keyword(s):  
Economic Growth ◽  
Gravity Model ◽  
Matrix Method ◽  
Negative Impact ◽  
Positive Impact ◽  
Highway Construction ◽  
Market Potential ◽  
Highway Networks ◽  
The World ◽  
The Impact

The total mileage of highways in China ranks first in the world and constitutes an important symbol of China’s modernization. Economists, however, continue to debate whether highways always promote economic growth in every region and how to assess the impact. In this paper, we first use the OD-MATRIX method to calculate the shortest highway traveling time among 332 prefecture-level cities in China from 2000 to 2013. It is shown that the reduction of traveling time brought by highway construction significantly improves enterprise productivity. Second, to further explore the mechanism at work, we apply market potential approach to examine its effect on productivity. It is found that on average, the enhanced market potential induced by highway construction in China positively affect enterprise productivity. Finally, we calculate urban centrality via the space gravity model and conduct a sample regression according to the rank of urban centrality. Interestingly, we find that the impact of highways on productivity varies depending on cities’ degree of urban centrality. Highways have a positive impact in high-centrality cities but a negative impact in low-centrality cities. This correlation can be explained, in turn, by factors that include labor and capital flow from low-centrality cities to high-centrality cities.

scholarly journals THE IMPACT OF HUMAN FREEDOMS ON ECONOMIC GROWTH

2020 ◽  
Author(s):  
Elena Makrevska Disoska ◽  
Katerina Shapkova Kocevska
Keyword(s):  
Economic Growth ◽  
Human Rights ◽  
Growth Rates ◽  
Economic Freedom ◽  
Positive Impact ◽  
Ordinary Least Squares ◽  
New Institutional Economics ◽  
Human Freedom ◽  
The World ◽  
The Impact

The impact of formal institutions, including rule of law, human rights, and civil liberties on economic growth has been in the focus of the latest research agenda of the new institutional economics due to the current pandemic of the Corona-19 virus. Some limitations are necessary to be imposed to address a pandemic, but this is a real risk of lasting deterioration in basic human freedoms. Increased surveillance, restrictions on free expression and information, and limits on public participation are becoming increasingly common. The present fear is that the authorities worldwide are using the current situation to repress human rights for political purposes. This paper aims to explore the effect of the overall institutional environment, understood as the concept of human freedom, on economic prosperity in different jurisdictions around the world. Human freedom is a general term for personal, civil, and economic freedom and therefore the interconnection with economic growth can be seen in both directions. In our analysis, we use the Human Freedom Index published by the Fraser Institute as a proxy for human freedom. Here, human freedom is understood as the absence of coercive constraint. The index is calculated based on 79 distinct indicators representing different aspects of personal and economic freedom. This analysis seeks to answer several questions. First, we are interested in examining whether there is empirical evidence about the causality between human freedoms and economic growth. Second, we are interested in whether human freedom has a positive impact on growth rates. And third, we are interested in examining the influence of other determinants on economic growth. To test the causality between human freedom and economic growth, we have conducted a Granger causality analysis. The empirical strategy for identification of the possible influence of human freedom to growth rates includes the development of ordinary least squares (OLS) panel regression models for selected economies of the world, or around 174 cross-section units (countries) in the period between 2008 and 2017.

scholarly journals THE STUDY OF INTERNATIONAL TRADE-RELATED CHANGES / TARPTAUTINĖS PREKYBOS POKYČIŲ ANALIZĖ

2014 ◽  
Vol 6 (1) ◽  
pp. 103-110
Author(s):  
Aurelija Burinskienė
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
International Trade ◽  
Transfer Mechanism ◽  
The World ◽  
New Challenges ◽  
The Impact

International trade is characterized as highly dynamic: multiplechanges manifested in trade rapidly, constantly requiring responseto new challenges. This paper analyzes international trade-relatedchanges in three different ways. First, the paper discloses thetheories of economic growth. Second, it provides insights howtrade-related changes in some countries affect economics in othercountries through the transfer mechanism. Third, named a specificpotency of international trade to economy. To reveal the effectseconometric model is used. This model is applied to the workof twenty-four countries around the world. Based on the resultsof the regression analysis for the different 24 world countries,the period is defined during which the impact of internationaltrade is the strongest. Tarptautinė prekyba – sudėtingas dinamiškas socialinės ekonominės raidos reiškinys, jam būdingi daugialypiaipokyčiai. Trimis skirtingais aspektais analizuojami su tarptautinės prekybos pokyčiais susiję klausimai. Pirma, pristatomosžinomos ekonomikos augimo teorijos. Antra, pateikiamos įžvalgos dėl vienų šalių tarptautinės prekybos pokyčių perdavimokitoms šalims mechanizmo. Trečia, apibrėžtas konkretus tarptautinės prekybos poveikis ekonomikai. Remtasi ekonometriniumodeliu. Šis modelis darbe taikytas dvidešimt keturioms pasaulio šalims. Pagal skirtingų pasaulio šalių regresinės analizėsrezultatus nustatytas laiko periodas, per kurį tarptautinės prekybos poveikis ekonomikai buvo stipriausias.

scholarly journals Dampak Penyebaran Virus Corona (Covid 19) terhadap Pemberdayaan UMKM di Kabupaten Sukoharjo

2020 ◽  
Vol 4 (2) ◽  
pp. 14
Author(s):  
Ika Swasti Putri ◽  
Yuniatin Trisnawati DKW
Keyword(s):  
Positive Impact ◽  
Current Situation ◽  
The World ◽  
Economic Process ◽  
The Government ◽  
Current Impact ◽  
The Impact

The existence of COVID-19 as a pandemic around the world resulted in the economic road becoming disturbed, especially in the field of SMES. The current impact is the disruption of the economic process in the MSME sector. In addition, the disruption of health and restriction for the economy outside the region also become the impact that the population of the SME community. However, there is a positive impact that can be gained, which is the more creative of SMES actors to get around the current situation with a growing creativity. The government is also anticipating how to keep the SME actors who want to remain in the middle of pandemic so that the synergy between SMES and government is well established.

How Does Public Debt Affect the Indian Macroeconomy? A Structural VAR Approach

2020 ◽  
Vol 14 (3) ◽  
pp. 253-284
Author(s):  
Ranjan Kumar Mohanty ◽  
Sidheswar Panda
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Public Debt ◽  
Positive Impact ◽  
Decomposition Analysis ◽  
Structural Var ◽  
Adverse Impact ◽  
Mixed Effect ◽  
Domestic Debt ◽  
The Impact

The study investigates the macroeconomic effects of public debt in India during 1980–2017 using a structural vector autoregression framework. The objective is to examine the impact of public debt on the interest rate, investment, inflation and economic growth in India. The results of the impulse response functions show that public debt has an adverse impact on economic growth but a positive impact on the long-term interest rate in the short run and a mixed effect (both negative and positive) on investment and inflation. We also find that domestic debt has a more adverse impact on the economy than external debt. The estimated variance decomposition analysis finds that much of the variation in selected macro variables are explained by public debt and growth in India. This study suggests that public debt especially domestic debt should be controlled and channelled productively to have a favourable impact on the economy. JEL Classification: H63, O40, C40

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