scholarly journals Trade-Growth Nexus in Landlocked Developing Countries: A Quantile Regression Framework

2019 ◽  
Vol 42 (1-2) ◽  
pp. 1-16
Author(s):  
Ramesh Chandra Paudel
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Negative Impact ◽  
Labour Force ◽  
Positive Role ◽  
Poor Countries ◽  
Slow Pace ◽  
Regression Framework ◽  
Trade Growth ◽  
Determinants Of Economic Growth

This paper investigates the trade growth nexus in landlocked developing countries. Landlockedness imposes exogenous costs to a country making import more expensive and exports uncompetitive. Despite this fact, landlocked countries also are in the process to be integrated with world but in slow pace. Initial income is one of the major determinants of economic growth in these countries whether they are poor or rich now, however, negative impact of Landlockedness seems more severe in economic growth of poor countries. Trade has a positive role in landlocked countries too to trade than the poor countries. Neighbour countries’ economic growth has level increases, it shifts towards industrialisation so that capital formation is more important compared to labour force until the economy converges to the developed economy.

The relationship between international trade openness and economic growth in the developing economies

2015 ◽  
Vol 8 (2) ◽  
pp. 123-139 ◽  
Author(s):  
Muhammad Tahir ◽  
Toseef Azid
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Developing Economies ◽  
Labour Force ◽  
Trade Openness ◽  
Content Type ◽  
Long Run ◽  
Speed Up ◽  
Determinants Of Economic Growth ◽  
The Relationship

Purpose – This paper aims to establish a relationship between trade openness and economic growth in the context of the developing countries. This study has proposed a new measure of trade openness to the literature, as the available measures are flawed. Design/methodology/approach – Empirical analyses are carried out with the help of panel econometric techniques. Findings – The main finding of the paper is that the relationship between trade openness and economic growth is positive and statistically significant for developing countries. Besides trade openness, other determinants of economic growth such as investment and labour force are also significantly related with economic growth and carry expected coefficients. Further, it is found that frequent fluctuations in prices are detrimental to long-run economic growth. Practical implications – Therefore, the developing countries are suggested to speed up the process of trade liberalization and also pay favourable attention to other determinants of economic growth to achieve high economic growth. Originality/value – The authors have used a new measure of trade openness apart from the conventional trade volume measure of trade openness.

scholarly journals The Debt Overhang Hypothesis: Evidence from Pakistan

2016 ◽  
Vol 11 (1) ◽  
pp. 140-151 ◽  
Author(s):  
Muhammad Imran Shah ◽  
Irfan Ullah ◽  
Zia Ur Rahman ◽  
Nadeem Jan
Keyword(s):  
Economic Growth ◽  
Dynamic Behaviour ◽  
Negative Impact ◽  
Labour Force ◽  
External Debt ◽  
Unit Roots ◽  
Debt Overhang ◽  
Debt Burden ◽  
Long Run ◽  
Domestic Labour

AbstractThis study investigates the debt overhang hypothesis for Pakistan in the period 1960-2007. The study examines empirically the dynamic behaviour of GDP, debt services, the employed labour force and investment using the time series concepts of unit roots, cointegration, error correlation and causality. Our findings suggest that debt-servicing has a negative impact on the productivity of both labour and capital, and that in turn has adversely affected economic growth. By severely constraining the ability of the country to service debt, this lends support to the debt-overhang hypothesis in Pakistan. The long run relation between debt services and economic growth implies that future increases in output will drain away in form of high debt service payments to lender country as external debt acts like a tax on output. More specifically, foreign creditors will benefit more from the rise in productivity than will domestic producers and labour. This suggests that domestic labour and capital are the ultimate losers from this heavy debt burden.

scholarly journals INVESTASI ASING LANGSUNG DAN PERTUMBUHAN EKONOMI DI WILAYAH ASEAN PERIODE 2004-2016

2019 ◽  
Vol 23 (2) ◽  
pp. 57-66
Author(s):  
Aditya Febriananta Putra ◽  
Suyanto . ◽  
Irzameingindra Putri Radjamin
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Foreign Direct Investment ◽  
Significant Role ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Accelerate Development ◽  
Fixed Capital Formation

Exertions to accelerate development carried out by developing countries in general are oriented towards improving or improving people’s lives. Developing countries are characterized as countries that lack capital, savings and investment. The role of Labor has a significant effect but has a negative impact on economic growth. Agriculture and Service also performance a significant role, despite having a positive impact on economic growth. While other variables, namely Fixed Capital Formation, Foreign Direct Investment, Export, Manufacture, and Fertility showed insignificant results on economic growth.

scholarly journals How do Poverty and Income Inequality affect Economic Growth in Developing Countries?

2021 ◽  
Vol 4 (2) ◽  
pp. 547-558
Author(s):  
Hamza Saleem ◽  
Fatima Farooq ◽  
Muhammad Aurmaghan
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Income Inequality ◽  
Negative Impact ◽  
Positive Impact ◽  
Development Indicators ◽  
The Relationship ◽  
Positive Effect ◽  
World Development

The major objective of this research is to examine the relationship between poverty, income inequality and economic growth from some selected developing countries. This study uses panel data for the period of 2002-2015. All the data is taken from world development indicators (WDI). To find out the results, we have used Hausman test an econometrics technique for panel data in this research. The results of the study indicate that poverty and income inequality have a negative impact on economic growth on the other hand Gross capital formation, labor force, total population and government consumption and expenditure have a positive impact on economic growth. The result tells us that changes in these variables have a significant and positive effect on the dependent variable. To achieve the goal of economic growth developing countries should reduce poverty and take meaningful steps to overcome the problem of inequality in the society which can be very helpful in achieving the goal of economic growth.

Prospects for Employment Opportunities in the 1970s

1971 ◽  
Vol 9 (2) ◽  
pp. 283-291
Author(s):  
Archibald Callaway
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Labour Force ◽  
Employment Opportunities ◽  
Cambridge University ◽  
Development Committee ◽  
Almost All ◽  
Distribution Of Income ◽  
Overseas Development ◽  
Key Questions

Unemployment – and underemployment – of large proportions of the labour force is a central factor in almost all of today's developing countries. For many, this situation has steadily worsened despite the achievement during the last decade of relatively high rates of economic growth. Poverty and malaise characterise wide areas of the countryside as well as large sectors of major cities. These problems were explored by the eighth in the series of international conferences on development, sponsored by Cambridge University Overseas Development Committee. Key questions were posed: What are the facts of unemployment and underemployment? What are its causes? What measures should be taken to generate more employment opportunities and to reduce, simultaneously, the more glaring inequalities in the distribution of income?

Population, Labour Force, and Economic Growth

1973 ◽  
Vol 11 (4) ◽  
pp. 591-609
Author(s):  
James Pickett
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Income Distribution ◽  
Academic Writing ◽  
Labour Force ◽  
Development Studies ◽  
Limited Data ◽  
Strong Concern

No question is currently more topical in development studies than that of employment. This strong concern, which has been linked to income distribution and continuing poverty, as well as more-or-less open unemployment1, is relatively recent in origin. It has generated a number of missions to developing countries by the I.L.O., seen the design (by the same international organisation) of a world employment programme, and given rise to much academic writing. One mildly puzzling feature is that many policies have been prescribed on very limited data.

scholarly journals The Impact of NTMs on Trade

2019 ◽  
Vol 8 (1) ◽  
pp. 37-47
Author(s):  
Masoud Ali Khalid ◽  
Narmen Ghafor
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Food Safety ◽  
Negative Impact ◽  
Health And Safety ◽  
Technical Standards ◽  
Safety Standards ◽  
Trade Sector ◽  
Food Safety Standards ◽  
The Impact

Non-tariff measures such as food safety and technical standards are used to achieve the non-trade objective of protecting consumers’ health and safety. On the other hand, they can also be deployed as a trade secure tool to drive a price wedge between foreign and domestic producers. This study investigates the protectionist tools of 34 developing countries food safety standards using a sample of developing countries food imported from developed and other developing countries with a specific focus on vegetables, Trunks, machinery, and tobacco. We employ theoretical framework of gravity equation by applying SGMM estimation. Our results indicate that vegetable and machinery variables are negative and statistically significant. Meaning that both variables have a negative impact on GDP, in other words, both variables are not support GDP and economic growth in the developing countries. Finally, Trunk variable is positive and statistically significant. It shows that, this variable leads to promote economic growth in the developing countries. While Tobacco is positive and statistically insignificant, meaning that this product is not play an important role in the trade sector in our sample countries.

scholarly journals New International Economic Order (NIEO): Origin, Elements and Criticisms

2017 ◽  
Vol 4 (3) ◽  
pp. 22
Author(s):  
Fesseha Mulu Gebremariam
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
Developing Countries ◽  
International Economic Order ◽  
Developed Countries ◽  
Economic Order ◽  
Poor Countries ◽  
Secondary Sources ◽  
The Cost ◽  
New System

Employing secondary sources of data this paper aims to assess the history, elements, and criticisms against New International Economic Order (NIEO). NIEO is mainly an economic movement happened after WWII with the aim of empowering developing countries politically through economic growth. It also criticizes the existing political and economic system as benefiting developed countries at the cost of developing countries so that a new system is needed that benefits poor countries. However, many criticize NIEO as hypothetical and unorganized movement. Clear division and disagreements among its members is evident. Developing countries failed to form unity, committed to meet the objectives of NIEO, and unable to compete in the market.

scholarly journals Land Inequality and Economic Growth: A Meta-Analysis

2018 ◽  
Vol 10 (12) ◽  
pp. 4655 ◽  
Author(s):  
Maria Cipollina ◽  
Nadia Cuffaro ◽  
Giovanna D’Agostino
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Negative Impact ◽  
Credit Constraints ◽  
Meta Analysis ◽  
Land Inequality ◽  
Long Run ◽  
Short Run ◽  
Development Levels

Increasing commercial pressure on land may lead to land concentration in developing countries, especially in the context of complex systems of property rights. In this article we review through meta-analysis (MA) the econometric findings of the literature estimating the nexus between land inequality and economic growth. In particular, our MA controls for various features of the studies and for the so-called “publication bias,” and shows that land-inequality negatively affects economic growth, especially at low development levels. Analysis based on panel data, which generally imply a relatively short run perspective, typically report a lower or positive correlation between land inequality and growth, suggesting that the negative impact of land inequality emerges in the long run, possibly through credit constraints and institutional mechanisms.

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