ANALISIS PERANAN KREDIT SEKTORAL DAN PENGARUH BI RATE DALAM MENDORONG PERTUMBUHAN EKONOMI NASIONAL

The Impact ◽

Method Analysis ◽

Observation Period

This research discusses about the analysis of the role of sectoral credit and the impact of BI Rate in promoting economic growth in Indonesia with panel data method analysis. Researcher estimates this model by using the structure of stacked panel data and also uses observation period from 2011 to 2015. This panel data also consist of 16 sectors of the economy as the cross section dataset. The objectives of this study are to describe the role of sectoral credit and the impact of BI rate to the GDP In promoting economic growth. Based on fixed effect method by using eviews 9, all independent variables have positive and significant impacts to GDP growth partially and simultaneously. Through this study, researcher expects ministry of finance as the fiscal authority, central bank of Indonesia (monetary authority), and also financial services authority of Indonesia can form a synergy and continuous interaction in designing policies that have impacts on sustainable economic growth in Indonesia

Financial Inclusion, Income Inequality and Sustainable Economic Growth in Sub-Saharan African Countries

Sustainability ◽

10.3390/su13041780 ◽

2021 ◽

Vol 13 (4) ◽

pp. 1780

Author(s):

Chima M. Menyelim ◽

Abiola A. Babajide ◽

Alexander E. Omankhanlen ◽

Benjamin I. Ehikioya

Keyword(s):

Economic Growth ◽

Income Inequality ◽

Financial Services ◽

Sub Saharan Africa ◽

Kuznets Curve ◽

African Countries ◽

Financial Access ◽

Sub Saharan ◽

This study evaluates the relevance of inclusive financial access in moderating the effect of income inequality on economic growth in 48 countries in Sub-Saharan Africa (SSA) for the period 1995 to 2017. The findings using the Generalised Method of Moments (sys-GMM) technique show that inclusive financial access contributes to reducing inequality in the short run, contrary to the Kuznets curve. The result reveals a negative effect of financial access on the relationship between income inequality and economic growth. There is a positive net effect of inclusive financial access in moderating the impact of income inequality on economic growth. Given the need to achieve the Sustainable Development Targets in the sub-region, policymakers and other stakeholders of the economy must design policies and programmes that would enhance access to financial services as an essential mechanism to reduce income disparity and enhance sustainable economic growth.

The Impact of Educational Investment on Sustainable Economic Growth in Guangdong, China: A Cointegration and Causality Analysis

Sustainability ◽

10.3390/su11030766 ◽

2019 ◽

Vol 11 (3) ◽

pp. 766 ◽

Cited By ~ 9

Author(s):

Liping Liao ◽

Minzhe Du ◽

Bing Wang ◽

Yanni Yu

Keyword(s):

Economic Growth ◽

Panel Data ◽

Data Model ◽

Educational Investment ◽

Causality Analysis ◽

Pearl River Delta Region ◽

Financial Investment ◽

The Pearl River ◽

Education, as an investment in human capital, is regarded as an important determinant of sustainable economic growth [1,2]. The purpose of this study is to explore the cointegration and causality between the investment in education and sustainable economic growth in Guangdong province by using the panel data of 21 cities from 2000 to 2016. We construct a variable intercept panel data model with an individual fixed effect based on the Cobb-Douglas production function, estimating the contribution of the investment in education to economic growth by introducing lags. The findings show the existence of the feedback causality between education and sustainable economic growth. Also, the results reveal that the local financial investment in education plays a positive and statistically significant role in promoting sustainable economic growth. However, the contribution of the local financial investment in education to economic growth varies in different areas. The investment in education in the Pearl River Delta region have the most obvious pull effects on its regional economy, whereas the Western region takes the second place. Meanwhile, the local financial investment in education for its role in promoting economic growth obviously has a two-year hysteresis effect. These findings have important implications for Guangdong’s solution to the imbalance between regional educational investment and sustainable economic growth.

Technology and Economic Growth: Role of Financial Development in South Asian Countries

Review of Economics and Development Studies ◽

10.26710/reads.v5i2.605 ◽

2019 ◽

Vol 5 (2) ◽

pp. 323-332 ◽

Cited By ~ 1

Author(s):

Imran Sharif Chaudhry ◽

Samina Sabir ◽

Fatima Gulzar

Keyword(s):

Economic Growth ◽

Financial Development ◽

South Asian ◽

Method Of Moment ◽

Asian Countries ◽

Development Technology ◽

Generalized Method Of Moment ◽

Financial development plays an instrumental role in the process of economic growth and development through mobilization of savings and creating investment opportunities. Financial development also leads to enhance the level of technology by providing finance to entrepreneurs for technological innovations which leads to economic growth. This study examines the impact of financial development and technology on economic growth of selected South Asian countries over the time span 1984-2017. Due to endogeneity problem, the empirical model used in the study is estimated by System Generalized Method of Moment (System GMM). Empirical results indicated that financial development, technology and human capital have positive and significant impact on economic growth in developing South Asian countries. To attain a sustainable economic growth, South Asian countries should put their efforts to develop their financial market that stimulates economic growth by providing finance to entrepreneurs for innovations.

Modeling the impact of banking sector credit on growth performance: An empirical evidence of credit to household and enterprise in Pakistan

International Journal of Financial Engineering ◽

10.1142/s2424786319500129 ◽

2019 ◽

Vol 06 (02) ◽

pp. 1950012

Author(s):

Sadaf Majeed ◽

Syed Faizan Iftikhar ◽

Zeeshan Atiq

Keyword(s):

Economic Growth ◽

Banking Sector ◽

Distributed Lag ◽

Autoregressive Distributed Lag ◽

Enterprise Credit ◽

Private Credit ◽

Household Credit ◽

This paper attempts to distinguish the role of banking sector credit to enterprise and household in economic growth of Pakistan for the period from 1982 to 2017. Using Autoregressive Distributed Lag (ARDL) bound technique to cointegration, our results confirm that enterprise credit has a positive and significant impact on the economic growth of Pakistan for the sample period. In contrast, the other component of private credit, i.e., household credit is not a positive driver of economic growth. CUSUM test finds that the parameters of the model with enterprise and household credit are stable. It is recommended therefore that the central bank should modify the credit policy for household sector and support enterprise credit in the context to achieve sustainable economic growth in Pakistan.

Social Security and Sustainable Economic Growth: Based on the Perspective of Human Capital

Sustainability ◽

10.3390/su11030662 ◽

2019 ◽

Vol 11 (3) ◽

pp. 662 ◽

Cited By ~ 7

Author(s):

Ming Zhang ◽

Xiaorong Zou ◽

Long Sha

Keyword(s):

Economic Growth ◽

Human Capital ◽

Panel Data ◽

Social Security ◽

Threshold Model ◽

Threshold Effect ◽

Dynamic Panel Data ◽

Dynamic Panel ◽

China’s social security expenditure has rapidly grown during the past decade, and concerns about the impact of social security on productivity and sustained economic growth have attracted attention. Based on Chinese provincial panel data over the period 2007–2016, a threshold model analysis found that the impact of social security on productivity has a “double threshold” on human capital. Using dynamic panel data models and system General Moment Method estimators also found the existence of this threshold effect: When the human capital level is low or high, social security is favorable for sustained economic growth. However, if the human capital level is at the intermediate level, the function of social security is weak. The main conclusions were still valid after we examined the robustness of our results with several methods.

Finance For Growth and Policy Options for Emerging and Developing Economies: The Case of Nigeria

Asian Development Policy Review ◽

10.18488/journal.107.2014.22.20.38 ◽

2015 ◽

Vol 2 (2) ◽

pp. 20-38

Author(s):

Wumi Olayiwola ◽

Henry Okodua ◽

Evans S Osabuohien

Keyword(s):

Economic Growth ◽

Financial Services ◽

Developing Economies ◽

Emerging Market ◽

Financial System ◽

Government Policies ◽

Policy Options ◽

Financial Policies ◽

Finance is generally regarded as important for economic growth, but the role of finance in economic growth is a controversial issue in the economic literature. The concept of “finance for growth” refocuses the relationship between finance and economic growth by redirecting the role of government policies in finance, and recognizes how finance without frontiers is changing what government policies can do and achieve. The focus of this paper is not to join the debate, nor to analyse the impact of financial development on economic growth, but to discuss the concept of “finance for growth” within the context of emerging and developing economies. The increasing development needs of Emerging Market Economies (EMEs) to raise per capita income, reduce unemployment rate, construct and maintain basic infrastructure, and invest more in human capital, make the role of finance for growth in these economies indispensable. The paper reviews the financial policies in selected EMEs including: China, South Africa and Nigeria and attempts to situate the Nigerian economy among the EMEs within the context of Finance for Growth. The paper notes that financial policies designed in various EMEs had the similar goal of making the financial system to provide key financial functions. However, large differences exist in the efficiency of the financial system in each country. The paper found that what matters to economic growth is access to financial services or financial inclusion and not which sector supplies the funds. The paper suggests appropriate policy options to build confidence in the Nigerian financial system.

The Long Term Impact of Health on Economic Growth in Pakistan

The Pakistan Development Review ◽

10.30541/v47i4iipp.487-500 ◽

2008 ◽

Vol 47 (4II) ◽

pp. 487-500 ◽

Cited By ~ 19

Author(s):

Naeem Akram ◽

Ihtsham Ul Haq Padda ◽

Mohammad Khan

Keyword(s):

Economic Growth ◽

Human Capital ◽

Technical Change ◽

Physical Capital ◽

Per Capita ◽

Long Term Impact ◽

Human capital plays pivotal role for sustainable economic Growth. As different growth theories suggest the role of human capital as a significant for growth process. The concept of human capital in economic literature defined broadly by including education, health, training, migration, and other investments that enhance an individual’s productivity. However, the growth economists that have incorporated human capital in the growth studies, paid greater attention on analysing the impact of education on economic growth, while ignoring the role of health human capital. It is only in very recent times that studies have started looking at health and tried to estimate the relationship between health status and economic growth. There exists a two-way relationship between improved health and economic growth. Health and other forms of human and physical capital increases the per capita GDP by increasing productivity of existing resources coupled with resource accumulation and technical change. Furthermore, some part of this increased income is spent on investment in human capital, which results in further per capita growth. According to Fogel (1994), approximately one third of GDP of Britain between 1790 and 1980 is the outcome of improvements in health especially improvement in nutrition, public health, and medical care facilities and these improved health facilities should be considered as labour enhancing technical change.

The Role of Taxes in Economic Development of Kosovo

European Journal of Economics and Business Studies ◽

10.26417/ejes.v4i1.p79-83 ◽

2016 ◽

Vol 4 (1) ◽

pp. 79

Author(s):

Artan Nimani

Keyword(s):

Economic Growth ◽

Economic Development ◽

Fiscal Policy ◽

Political Stability ◽

The Government ◽

High Level ◽

National Governments ◽

To achieve prosperity and political stability, national governments aimed at achieving economic equilibrium. The government uses various instruments to stimulate economic growth, reduce unemployment and to achieve macroeconomic objectives. In the context of slow economic growth in recent years and fiscal pressures, Kosovo faces the complex challenge of economic development. Unemployment remains at a high level. Demand for labor is still very low and create an environment that will favor the formation of stable work places is a challenging task that requires a multidimensional reforms in the economy. This paper addresses the impact of fiscal policy on reducing unemployment, increasing investment and consumption to generate sustainable economic growth.

The Importance of Maritime Transport for Economic Growth in the European Union: A Panel Data Analysis

Sustainability ◽

10.3390/su13147961 ◽

2021 ◽

Vol 13 (14) ◽

pp. 7961

Author(s):

Alexandra Fratila (Adam) ◽

Ioana Andrada Gavril (Moldovan) ◽

Sorin Cristian Nita ◽

Andrei Hrebenciuc

Keyword(s):

Economic Growth ◽

European Union ◽

Panel Data ◽

Panel Data Analysis ◽

Maritime Transport ◽

The European Union ◽

Panel Data Regression ◽

Green Investment ◽

Port Infrastructure ◽

Maritime transport is one of the main activities of the blue economy, which plays an important role in the EU. In this paper, we aim to assess the impact of maritime transport, related investment, and air pollution on economic growth within 20 countries of the European Union, using eight panel data regression models from 2007 to 2018. Our results confirm that maritime transport, air pollutants (NOx and SO2) from maritime transport, and investment in maritime port infrastructure are indeed positively correlated with economic growth. In other words, an increase of 10% in these factors has generated an associated increase in economic growth rate of around 1.6%, 0.4%, 0.8%, and 0.7% respectively. Alongside the intensity of economic maritime activities, pollution is positively correlated with economic growth, and thus it is recommended that policymakers and other involved stakeholders act to diminish environmental impacts in this sector using green investment in port infrastructure and ecological ships, in accordance with the current European trends and concerns.

Investigating the effects of environmental patents and climate change mitigation technologies on sustainable economic growth in the Middle East

International Journal of Low-Carbon Technologies ◽

10.1093/ijlct/ctab007 ◽

2021 ◽

Author(s):

Sadegh Abedi ◽

Mehrnaz Moeenian

Keyword(s):

Climate Change ◽

Economic Growth ◽

Middle East ◽

Climate Change Mitigation ◽

Developed Countries ◽

Factors Affecting ◽

Middle East Countries ◽

Change Mitigation

Abstract Sustainable economic growth and identifying factors affecting it are among the important issues which have always received attention from researchers of different countries. Accordingly, one of the factors affecting economic growth, which has received attention from researchers in the developed countries over recent years, is the issue of environmental technologies that enter the economic cycle of other countries after being patented through technology transfer. The current research investigated the role of the environment-related patents and the effects of the patented technological innovations compatible with climate change mitigation on the economic growth and development in the Middle East countries within a specific time period. The required data were gathered from the valid global databases, including Organization for Economic Co-operation and Development and World Bank and have been analyzed using multi-linear regression methods and econometric models with Eviews 10 software. The obtained results with 95% confidence level show that the environmental patents (β = 0.02) and environment management (β = 0.04) and technologies related to the climate change mitigation (β = 0.02) have a significant positive impact on the sustainable economic development and growth rate in the studied countries. Such a study helps innovators and policymakers in policy decisions related to sustainable development programs from the perspective of environmentally friendly technologies by demonstrating the role of patents in three important environmental areas, namely environmental management, water-related adaptation and climate change mitigation, as one of the factors influencing sustainable economic growth.