The Second Start of Transformation in Ukraine?

2014 ◽  
pp. 30-52 ◽  
Author(s):  
L. Grigoryev ◽  
E. Buryak ◽  
A. Golyashev
Keyword(s):  
Economic Growth ◽  
Armed Conflict ◽  
Political Crisis ◽  
Investment Climate ◽  
Institutional Reforms ◽  
Personal Consumption ◽  
Governance Quality ◽  
Political Turmoil

The Ukrainian socio-economic crisis has been developing for years and resulted in the open socio-political turmoil and armed conflict. The Ukrainian population didn’t meet objectives of the post-Soviet transformation, and people were disillusioned for years, losing trust in the state and the Future. The role of workers’ remittances in the Ukrainian economy is underestimated, since the personal consumption and stability depend strongly on them. Social inequality, oligarchic control of key national assets contributed to instability as well as regional disparity, aggravated by identity differences. Economic growth is slow due to a long-term underinvestment, and prospects of improvement are dependent on some difficult institutional reforms, macro stability, open external markets and the elites’ consensus. Recovering after socio-economic and political crisis will need not merely time, but also governance quality improvement, institutions reform, the investment climate revival - that can be attributed as the second transformation in Ukraine.

scholarly journals Cointegration Entre Corruption Et Croissance Economique A Travers Le Canal De L’investissement : Evidence Empirique Moyennant L’approche ‘’ARDL Bound Testing’’ Dans Le Cas De La Tunisie

2016 ◽  
Vol 12 (16) ◽  
pp. 424
Author(s):  
Badry Hechmy
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Large Scale ◽  
Public Investment ◽  
Institutional Reforms ◽  
Real Gdp ◽  
The Relationship

This study focuses on the relationship between corruption and economic growth in Tunisia from 1987 to 2013, and is mainly interested in the role of discretion and distortion in public spending. To explore the relationship between the variables of interest, ARDL Bound testing approach of Pesaran and Shin (1999) was used. The empirical results show that corruption negatively affects long-term economic performance. And suggest that public investment large scale is not necessarily desirable in an environment characterized by corruption, because it results in a waste of public funds. However the estimation of an ECM model of short-term dynamics shows that corruption is associated with an increase in real GDP per head. The results support the idea that corruption undermines long-term economic performance and call for institutional reforms to improve the quality of governance as a prerequisite for extensive economic growth.

The Role of Oil Fund and Institutional Quality in Moderating Volatility in Nigeria

2018 ◽  
Vol 7 (4) ◽  
pp. 1-15
Author(s):  
Olusegun Felix Ayadi ◽  
Esther O Adegbite
Keyword(s):  
Economic Growth ◽  
Capital Accumulation ◽  
Resource Curse ◽  
Terms Of Trade ◽  
Specific Data ◽  
Equilibrium Relationship ◽  
Governance Quality ◽  
Country Specific

Many oil-endowed countries, including Nigeria, have been unable to use their resources to project long-term economic growth, a condition often referred to as a resource curse. Using the ARDL method and country-specific data, this article explores the long-term equilibrium relationship between economic growth and commodities terms of trade and its volatility in Nigeria between 1984 and 2014. Moreover, the role of oil fund and governance quality in the long-term growth performance is revealed. The results reported in this article show a long-term relationship between commodity terms of trade and economic growth. More importantly, commodity terms of trade, affects economic growth through capital accumulation and total factor productivity. However, the establishment of oil funds in Nigeria has not had any significant impact on economic growth.

scholarly journals Measuring the Effect of the Internet on Economic Growth: The Case of Saudi Arabia

2020 ◽  
Vol 12 (12) ◽  
pp. 61
Author(s):  
Hisham J. Bardesi
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Saudi Arabia ◽  
Internet Access ◽  
Ordinary Least Squares ◽  
The Internet ◽  
Macroeconomic Performance ◽  
The Impact

The purpose of this study is to examine and assess the impact of the Internet on economic growth in Saudi Arabia. Various studies show that there is a relationship between the growth rate of GDP and the Internet, as estimated by Internet user numbers. In this paper, the ordinary least squares (OLS) model is utilized to study the economic impact of Internet Access from 1994 to 2018, which has had a profound effect on the market structure of many sectors and Saudi’s global macroeconomic performance. The study constructs a model to investigate any significant impact of the Internet on the Saudi economy. Finally, this paper suggests that an understanding of the role of the Internet is essential for policymakers who plan to promote new forms of economic growth in the future. To take a long-term view implies working on technologies that could improve the economy and people’s lives by creating a technological ecosystem in and around Saudi Arabia, along with other major economies.

scholarly journals Export Earnings, Capital Instability and Economic Growth in South Asia

2003 ◽  
Vol 8 (1) ◽  
pp. 65-89
Author(s):  
Muhammad Aslam Chaudhary ◽  
Amjad Naveed
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Foreign Capital ◽  
Developed Countries ◽  
Export Diversification ◽  
Asian Countries ◽  
The Impact ◽  
The Relationship

During the last two decades the role of international trade and flow of foreign capital have received considerable attention in the literature. Various studies have examined the impact of export instability and capital instability on economic growth in less developed countries.1 Empirical evidence supports the hypothesis of a deleterious impact of export instability on economic growth. However, some studies also indicated that the relationship was unstable but positive with economic growth.2 Yet there are no systematic empirical investigations into the implied links between export diversification and long-term economic growth, particularly in the case of South Asian countries. The major concern regarding export instability is that it retards economic growth.

scholarly journals The Role of Entrepreneurship in Changing The Employment Rate in The European Union

2021 ◽  
Author(s):  
Athanasios Anastasiou ◽  
Vasiliki Argiri ◽  
Dimitrios Komninos ◽  
Zacharias Dermatis ◽  
Christos Papageorgiou
Keyword(s):  
Economic Growth ◽  
Economic Activity ◽  
The European Union ◽  
Literature Research ◽  
Modern Economic ◽  
Key Features ◽  
The Right ◽  
New Jobs

Abstract The aim of this research is to examine the concept of entrepreneurship in the context of modern economic realities by presenting features and factors that contribute to economic growth. High unemployment, low economic growth and shrinking investment are key features of the long-term economic crisis at both national and European level.New entrepreneurship, combined with the strengthening of the existing one, is a powerful antidote to the fight against unemployment, as it provides the opportunity, mainly to young people, to innovate and create new products and services contributing to the wider economic and social whole, reducing unemployment while creating the right conditions for a remarkable and outward-looking economy. Taking into account the literature research, it is examined how the development of entrepreneurship actually contributes to the encouragement of economic activity, creating a favorable ground for growth in all sectors of the economy and the creation of new jobs.

scholarly journals Corruption, Political Stability and Economic Growth

2016 ◽  
Vol 55 (4I-II) ◽  
pp. 689-702 ◽  
Author(s):  
Ghulam Shabbir ◽  
Mumtaz Anwar ◽  
Shahid Adil
Keyword(s):  
Economic Growth ◽  
Institutional Quality ◽  
Political Stability ◽  
Jel Classification ◽  
Conditional Cooperation ◽  
Positive Role ◽  
Muslim Countries ◽  
The Social ◽  
Political Turmoil

This paper gives insight of the role of political stability in investigating the two competing hypotheses in Developing Eight Muslim countries, and also investigates whether conditional liaison between corruption and political stability matters or not. The empirical findings indicate that investment, population and political stability play positive role in promoting economic growth. Corruption not only impact growth but also influenced by the institutional quality that a nation experiences. Corruption acts as sands in the wheels in the nations having higher degree of political stability, and greases the wheels in less politically stable countries such as Nigeria and Pakistan. Thus, political stability is conducive to growth, as it reduces the social unrests, political turmoil, and encourages investment, and there by economic growth. JEL Classification: C30, D73, O43, P48 Keywords: Corruption, Economic Growth, Political Stability, Conditional Cooperation

scholarly journals Diversification of Economy the Republics Azerbaijan on Base Sustainable Development of Non-Oil Sector

2018 ◽  
Author(s):  
Farhad Rahmanov ◽  
Elchin Suleymanov
Keyword(s):  
Sustainable Development ◽  
Structural Changes ◽  
New Technologies ◽  
Weak Links ◽  
Institutional Reforms ◽  
Foreign Countries ◽  
Technological Base ◽  
Oil Sector

In article experience of diversification of economy of the countries which economic complex is based on production of natural resources is investigated. In the context of the problems facing economy of Azerbaijan and in comparison to foreign countries the course and results of transformations, a role of non-oil sector in development of economy, the potential of positive impacts on country modernization and barriers on the way of realization are considered. The complex of factors – new technologies, institutional reforms, structural changes which in close interference significantly strengthened action of long-term sources of the advancing growth of branches of non-oil sector and its general economy role during the considered period is analyzed. Most important parties of transformation and diversification of economy are defined: transition of branches to modern technological base, functional complication of production, integration into the global markets. Mechanisms of achievement of sustainable development of non-oil branches of economy are characterized, influence of transformations is estimated. Need of development of the concept of sustainable development of not oil sector is noted. The purpose of article is the research of foreign experience of transformation and diversification of economy and development of recommendations about improvement of mechanisms and methods of achievement of sustainable development of non-oil branches of economy of Azerbaijan. In the context of transition of Azerbaijan to a way of innovative development it is important to compare the reached parameters of the considered sphere, to reveal common features and distinctions, to define weak links and comparative advantages of Azerbaijani non-oil sector.

scholarly journals The Financial Development And Economic Growth Nexus: The Role Of Saudi Arabian Financial Institutions

2019 ◽  
Vol 4 (6) ◽  
Author(s):  
Adel Bogari
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Financial Development ◽  
Financial Institutions ◽  
Generalized Method Of Moments ◽  
Democratic Accountability ◽  
Law And Order ◽  
Private Credit

The purpose of this paper is to assess the effects of the financial development and the financial institutions quality on the economic growth for the Saudi Arabia. Using generalized Method of Moments (GMM) with a dynamic panel framework, this paper employs different measures of financial development namely the Liquid liabilities (LIQ), Private credit by deposit money banks and other financial institutions (CRE) and Central bank assets (ASS), and for financial institutions quality including socioeconomic conditions, investment profile, law and order, corruption, external conflicts and democratic accountability. For the period (1990-2017), our findings strongly support the hypothesis that financial development leads to growth in the Saudi Arabia. Moreover, empirical results support a positive and significant relationship observed between financial institutions quality and growth. The findings of this paper suggest the need to give more support to the financial development for Saudi Arabia banking that have been launched in the country since the last three decades and to improve the role played by the financial institutions to stimulate saving/investment and, consequently, long-term economic growth.  

scholarly journals The role of good governance in the promotion of investment frameworks in Iraq with a special reference to the Kurdistan Region of Iraq for the period (2006 - 2016)

2019 ◽  
Vol 5 (1) ◽  
pp. 79
Author(s):  
Arshad Mohammed Ahmed
Keyword(s):  
Economic Growth ◽  
International Organizations ◽  
Foreign Investment ◽  
Good Governance ◽  
Social Goals ◽  
Investment Climate ◽  
Kurdistan Region ◽  
Global System ◽  
Economic Growth Rates

 Good governance is one of the most important terms that various local and international organizations have started to call through their various reports. It is important to create an environment conducive to achieving economic growth rates by creating an appropriate investment climate. At the beginning of the 21st century, The markets began to open up and the opportunities became bigger and the responsibilities of governments towards their people and countries increased. This helped to develop and prosper. In contrast, many countries suffered and continue to suffer from poverty, hunger, scientific and economic backwardness, Its ability to adapt to the global system as well as the inability to move forward with the market economy, all of which led to the need to adopt the approach of good governance in the management of the various joints of the State as the best solution to the various political problems, administrative, economic and social, as a participatory system and transparent And this includes the choice of good governance and its role in strengthening the investment frameworks, which aims to identify the indicators of good governance and its role in attracting foreign investment to achieve the economic and social goals that Iraq seeks to achieve in general and reflect On the investment reality in the Kurdistan Region of Iraq in particular.

Global cities could power economic growth

2015 ◽  
Keyword(s):  
Economic Growth ◽  
Urban Areas ◽  
Content Type ◽  
Large Cities ◽  
Basic Services ◽  
Global Economic Growth ◽  
Basic Infrastructure ◽  
Funding Gap

Subject The role of cities in global economic growth. Significance Cities, defined as metropolitan areas with over 500,000 inhabitants, are powering global economic growth. However, by 2014 the results were uneven, as the cities with the highest growth lie in developing countries, mainly in China, while many North American and European cities remain trapped in recession. Current urbanisation models are unsustainable in the long term, posing threats to future economic prosperity. Impacts Most large cities' economies are growing faster than their respective countries and will continue doing so. The less wealthy developing urban areas will converge economically with their more developed peers. The existing patterns of urban sprawl in many cities will lead to an increasing funding gap in basic infrastructure. This funding gap could cause the failure of many cities to deliver basic services such as transport.

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