scholarly journals Education and Economic Growth: A Comparative Analysis of India and Sri Lanka

2021 ◽  
Vol VI (I) ◽  
pp. 64-77
Author(s):  
Muhammad Qasim Ali ◽  
Tariq Hussain ◽  
Khizra Rana
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
Primary Education ◽  
Tertiary Education ◽  
Distributed Lag ◽  
The World ◽  
Education In India ◽  
Auto Regressive ◽  
Global World

Education is a fundamental foundation in the development of a nation. History reveals that success, honor and dignity become the pride of those nations who lead in education in the world. This study elaborates on the role of education in India and Sri Lanka's economic growth. Growth is 1981-2016. Auto-Regressive Distributed Lag (ARDL) technique is applied in this study. It is pragmatic that India focused more on Tertiary education and Sri Lanka concentrated on Primary education. Tertiary education has a major role in India's GDP growth, whereas, in Sri Lanka, Primary education has a robust role in economic growth. It is evident that India's number of research scholars and highly skilled persons netted good recognition and distinction in the global world. This is due to the focus on tertiary education.

scholarly journals An Assessment of Sustainable Economic Growth: The Role of Poverty and Education Revisited

2021 ◽  
Vol 4 (1) ◽  
pp. 215-222
Author(s):  
Hina Ali ◽  
Muhammad Zeeshan Ali ◽  
Nazia Nasir ◽  
Hira Ali
Keyword(s):  
Economic Growth ◽  
Stationary Process ◽  
Positive Impact ◽  
Empirical Relationships ◽  
Independent Variables ◽  
Distributed Lag ◽  
Augmented Dickey Fuller ◽  
Auto Regressive ◽  
Sustainable Economic Growth

This study intended to explore the linkage between education, poverty rates, and economic growth in Pakistan. Data for various variables have been collected from 1973 to 2017.  After establishing the stationary process by utilizing the Augmented Dickey-Fuller Test the research used the (ARDL) Auto-Regressive Distributed Lag methodology to estimate the empirical relationships. This study took GDP as a dependent variable whereas independent variables are literacy, health, inflation, headcount ratio, export. The result concluded that Inflation and poverty are the determinants to hinder economic growth while Health, Exports, and literacy are statically significant and have a positive impact on economic growth. It is suggested that a keen focus should put to enhance the educational and health facilities so that higher growth can be achieved. Anti-poverty policies must be made that make them more productive so this will lead to the growth process.

The Role of Music and Allied Arts in Public Writings on Cultural Diversity: “People of Sri Lanka”

2020 ◽  
Vol 6 ◽  
pp. 93-100
Author(s):  
Gisa Jähnichen
Keyword(s):  
Sri Lanka ◽  
Cultural Diversity ◽  
South Asia ◽  
Case Studies ◽  
Sri Lankan ◽  
Culturally Different ◽  
The World ◽  
Official Languages ◽  
The Way

The Sri Lankan Ministry of National Coexistence, Dialogue, and Official Languages published the work “People of Sri Lanka” in 2017. In this comprehensive publication, 21 invited Sri Lankan scholars introduced 19 different people’s groups to public readers in English, mainly targeted at a growing number of foreign visitors in need of understanding the cultural diversity Sri Lanka has to offer. This paper will observe the presentation of these different groups of people, the role music and allied arts play in this context. Considering the non-scholarly design of the publication, a discussion of the role of music and allied arts has to be supplemented through additional analyses based on sources mentioned by the 21 participating scholars and their fragmented application of available knowledge. In result, this paper might help improve the way facts about groups of people, the way of grouping people, and the way of presenting these groupings are displayed to the world beyond South Asia. This fieldwork and literature guided investigation should also lead to suggestions for ethical principles in teaching and presenting of culturally different music practices within Sri Lanka, thus adding an example for other case studies.

scholarly journals Export Diversification and Economic Growth in Nigeria

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Philip Ifeakachukwu Nwosa ◽  
Fasina Oluwadamilola Tosin ◽  
Ogbuagu Matthew Ikechukwu
Keyword(s):  
Economic Growth ◽  
Poor Performance ◽  
Export Diversification ◽  
Economic Policies ◽  
Oil Market ◽  
Distributed Lag ◽  
The Poor ◽  
Auto Regressive ◽  
Oil Sector ◽  
The Government

The issue of export diversification has been contentious in Nigeria due to the country’s unstable growth pattern which is majorly associated with instability in the international oil market and the poor performance of other sectors of the economy. Therefore, this study examines the link between export diversification and economic growth in Nigeria from 1962 to 2016. The study utilizes the Auto-regressive Distributed Lag (ARDL) technique. The result of this study shows that export diversification has a positive but insignificant influence on economic growth in Nigeria. The above result implies that the oil sector still dominates the Nigerian economy while the diversification drive of the government has not been significant in other sectors of the economy. Thus, the study recommends the need for conscious economic policies that would promote the diversification of the entire non-oil sector of the economy. The study concludes that export diversification is an insignificant determinant of economic growth in Nigeria.

scholarly journals Consequences of Capital formation, Trade Liberalization on the Economic Growth: Pakistan’s Experience

2015 ◽  
Vol 2 (1) ◽  
pp. 1-4
Author(s):  
Nadia Bukhari ◽  
Anjum Iqbal
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Trade Openness ◽  
Capital Formation ◽  
Vital Role ◽  
Series Data ◽  
Distributed Lag ◽  
Long Run ◽  
Auto Regressive ◽  
Adf Test

This study considers the long run relationship between the liberalization of trade, capital formation and the economic growth of Pakistan by using the time series data from 1975-2013. The main aim of this study is to examine that how much liberalization of trade and capital formation affects the economic growth of Pakistan in long run. The approach that has been used for empirical analysis is Auto Regressive Distributed Lag (ARDL) model. Under the ADF test capital formation (CF) is stationary at its first level but the trade openness (TO) and GDP is stationary at its first difference. Moreover, the granger casualty test is evident that there become a casual relationship between the trade openness and GDP. The result of this study shows that both the trade openness and the capital formation determined the economic growth in long run and they both have statistically significant effect on the GDP. Furthermore it has has been depicted from the study that the trade has a vital role to influence the economic growth.

scholarly journals The impact of education tax and investment in human capital on economic growth in Nigeria

2020 ◽  
Vol 3 (2) ◽  
pp. 77-86
Author(s):  
Abubakar Aminu ◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Tertiary Education ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Long Run ◽  
Lag Model ◽  
The Government ◽  
Capital Development ◽  
The Impact

This paper investigated the impact of education tax and investment in human capital on economic growth in Nigeria utilizing the Non-Linear Autoregressive Distributed Lag Model of cointegration covering the period of 25 years from 1995 to 2019. The findings reveal that education tax and investment in human capital have positive and significant effect on the growth of the Nigerian economy over the sampled period. The paper recommends that in order to boost the economy, Nigeria would need to, among other policy frameworks, provide a suitable environment for ensuring macro-economic stability through effective utilization of income from education tax that will encourage increased investment in human capital in the public sector. In addition to income from education tax, for effective and speedy economic growth and development in Nigeria, the government, beneficiaries (students/parents), employers of labor and other stakeholders in the society should share the responsibility for financing primary, secondary and tertiary education, so as to provide a solid foundation for human capital development. However, as revealed in this paper, the contribution of education tax and investment in human capital is most likely to be realized over a long-run period than in the short term. Keywords: Education Tax; Investment; Human capital; Economic growth

Is Entrepreneurship Education Key to All Entrepreneurial Initiatives?

2021 ◽  
pp. 45-63
Author(s):  
Joana Costa
Keyword(s):  
Economic Growth ◽  
Entrepreneurship Education ◽  
Individual Characteristics ◽  
Entrepreneurial Activity ◽  
The Core ◽  
Knowledge Based ◽  
The World ◽  
Employment Generation ◽  
Different Cultures

Entrepreneurship is a worldwide reality. Since the beginning of times and all around the world people have created businesses. Entrepreneurial orientation, from a macroeconomic perspective, allows income and employment generation, thus boosting growth. At the microeconomic level, it is a competition booster playing a central role in a globalized market. In this entrepreneurial ecosystem in which knowledge-based activity is the core booster of employment, economic growth, and competitiveness, universities and, in particular, entrepreneurial universities play either the role of knowledge production and dissemination. The present work aims to understand the role of education (formal and entrepreneurship) on entrepreneurial activity combined with heterogeneous individual characteristics and different cultures and geographies. Specifically, the study identifies substitution and complementary effects among both types of education according to individual taxonomies.

America

2020 ◽  
pp. 132-167
Author(s):  
Graham Harrison
Keyword(s):  
Economic Growth ◽  
Gilded Age ◽  
Social Progress ◽  
Late Development ◽  
Capitalist Development ◽  
Security Issues ◽  
Plantation Slavery ◽  
The World ◽  
Colonial Economy

This chapter sets out a detailed account of America’s capitalist transformation from the early 1700s. It shows how homestead and plantation agriculture generated a colonial economy. It stresses the importance of independence and then the civil war to the construction of a state and a nation. The chapter looks in detail at the varied forms of production throughout the territory and highlights the centrality of frontier expansion and dispossession. It discusses the role of plantation slavery and its abolition in capitalist growth. It then goes on to look at the ‘gilded age’ as one of developmentalism: forging a national economy, promoting industry, and conflating security issues with economic growth. It notes the slow social progress and crisis-prone nature of capitalist development, arguing that this is in the nature of capitalist transformation. It concludes by noting that the world of ‘late’ development is constructed by Britain and America’s capitalist transformations.

Neutralizing Maleficent Effects of COVID-19 Through Entrepreneurship

2021 ◽  
pp. 67-86
Author(s):  
Manpreet Arora ◽  
Roshan Lal Sharma
Keyword(s):  
Economic Growth ◽  
Social Media ◽  
Special Reference ◽  
General Public ◽  
Business Development ◽  
The World ◽  
Social Media Platforms ◽  
Current Scenario ◽  
Entrepreneurial Activities

Entrepreneurs are regarded as the leaders of socio-economic, industrial, and business development. They are important pillars of any economy. They are the employment generators and contribute to economic growth. In the current scenario caused by the COVID-19 pandemic, we witnessed people across the world losing their jobs. An inclination towards entrepreneurial activities has been observed in 2020. People have started communicating how entrepreneurial activities are the only solution for economies in crises. The role of social media platforms cannot be under-emphasized, and therefore, an entrepreneur today has to be a master of various media of communication. This chapter aims at exploring the concept of entrepreneurship with special reference to communication. It highlights challenges and issues in the post-pandemic world with reference to entrepreneurship and the role effective communication can play in handling them. It also attempts to examine the use of the term ‘entrepreneurship' by general public on social media such as Twitter in particular with a view to work out its implications.

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