From universalism to individualism: New approaches to economic growth analysis

2019 ◽  
pp. 108-126
Author(s):  
Ivan L. Lyubimov
Keyword(s):  
Economic Growth ◽  
Structural Transformation ◽  
Emerging Economies ◽  
Growth Analysis ◽  
Extended Period ◽  
Economic Policies ◽  
Adequate Account ◽  
New Approaches ◽  
Catching Up

This paper examines the evolution of academic and applied approaches to analyze the problem of economic growth since the mid-XX century. For quite an extended period of time, these views were corresponding to universalist economic policies taking no adequate account of particularities and limitations that a certain catching-up economy embodied. New approaches analyzing the problems of economic growth, on the contrary, individualize growth diagnostics, structural transformation and the organization of reforms processes for the emerging economies. We argue that individualist approaches might be potentially more effective than the universalist ones for solving the problem of slow economic growth.

Anti-crisis measures or structural reforms: Russia’s economic policy in 2015

2016 ◽  
pp. 5-33 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Structural Transformation ◽  
Growth Model ◽  
Emerging Economies ◽  
Social Issues ◽  
Import Substitution ◽  
Structural Reforms ◽  
Energy Prices ◽  
New Models

The paper deals with 2015 trends and challenges for social and economic policy in the nearest future. The analysis of global crisis includes: uneven developments in the leading advanced and emerging economies; new models of economic growth which look differently in different countries; prospects of globalization and challenges of ‘regional globalization’; currency configurations of the future; energy prices dynamics and its influence on political and economic prospects of particular states. Current challenges are discussed in the context of previous 30 years. Among the main topics on Russia, there are approaches to a new growth model, structural transformation (including import substitution issues), economic dynamics, budget and monetary outlines, social issues. The priorities of economic policy are also considered.

scholarly journals Fiscal consolidation in developed and emerging economies

Nova Economia ◽  
2015 ◽  
Vol 25 (spe) ◽  
pp. 835-861
Author(s):  
Paulo André Camuri ◽  
Frederico G. Jayme Jr. ◽  
Ana Maria Hermeto
Keyword(s):  
Economic Growth ◽  
Emerging Economies ◽  
Standard Errors ◽  
Economic Policies ◽  
Fiscal Consolidation ◽  
Transition Path ◽  
Causality Test ◽  
Developed Economies ◽  
Fiscal Space ◽  
Main Determinants

Abstract: The debate regarding fiscal policy has given support to the formulation of an economic policy based on control of indebtedness and in persecution of public savings, acting as important support for the economic growth. This paper presents evidence that counter acts this theory of expansionary austerity. A set of panel data regressions is estimated - through Driscoll & Kraay’s, FGLS, panel corrected standard errors, and SUR estimators and the causality test approach proposed by Kónya (2006) - in search of robust inference related to the main determinants that encompasses the fiscal framework. Our conclusion is that the empirical evidence - using a set of 20 developed economies and other of 24 emerging economies - suggests that identical economic policies for different countries might conduce to results that are opposite to the desired outcome. Notwithstanding the adverse effects associated to explosive debt path, the search for “fiscal space” should be determined essentially by a pro-growth agenda. This is particularly important for the emerging economies facing the transition path challenges.

scholarly journals The Pressure of Globalization on Educational Evolution in Emerging Economies

2020 ◽  
Vol 74 ◽  
pp. 06026
Author(s):  
Carmen Valentina Rădulescu ◽  
Mihaela Diana Oancea Negescu ◽  
Raluca Georgescu
Keyword(s):  
Emerging Economies ◽  
Secondary Data ◽  
Added Value ◽  
Primary Data ◽  
Economic Policies ◽  
Sustained Development ◽  
Documentary Analysis ◽  
Catching Up ◽  
Course Of Action

Education is the path to sustainable evolution and acceleration of the catching up process in emerging economies. Without education there is no technological breakthrough, no increase in the created added value and also no improvement in the overall quality of life of a nation’s inhabitants. This paper focuses on the added value created by education as a standalone process and also as a 2nd tier influencer of the economic meadow, with strong bifocal influence resulted in the adaptation and creation of economic policies targeted towards new educational standards. The main method of research used was documentary analysis that used both primary data from the literature, especially articles from journals indexed in international databases and from secondary data. The findings allowed us to draw conclusions on the expected course of action for education in the next period as well as the elements that can be included in the educational strategy. The pressure of globalization requires changes both economically, socially, politically and culturally and educationally. Changes are often accompanied by risks. Their debates have made it possible to identify future actions. The pressure of globalization requires changes both economically, socially, politically and culturally and educationally. Changes are often accompanied by risks. Their debates have made it possible to identify future actions for a sustainable and sustained development of emerging economies.

scholarly journals Comparison Of Patterns Of Convergence Among “Emerging Markets” Of Central Europe, Eastern Europe And Central Asia

2015 ◽  
Vol 18 (1) ◽  
pp. 5-23 ◽  
Author(s):  
Joanna Poznańska ◽  
Kazimierz Poznański
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Emerging Markets ◽  
Eastern Europe ◽  
Emerging Economies ◽  
Central And Eastern Europe ◽  
The Other ◽  
Catching Up ◽  
Advanced Economies ◽  
Growth Indicators

Based on analysis of economic growth indicators for 1989-2014, this article distinguishes the “emerging markets” of Central and Eastern Europe (with Russia included), from the other economies that fall in the broad ‘emerging markets’ category. Following the post–1989 reforms, the countries of the region share many of the same typical institutional features as other “emerging economies”, but not necessarily the associated economic outcomes. What characterizes “emerging economies” is that they grow fast enough to systematically close the distance dividing them from the advanced economies, creating convergence. Departing from this pattern, Central and Eastern Europe (and Russia) have so far fallen short in terms of the growth rates, and the region as a whole has not made much progress in catching up. By more than doubling its national product Poland is the only notable exception in the region, although Slovenia may fit in the same category. At the other extreme, some of the economies actually lost two decades in terms of reducing the gaps, and some even fell further behind (e.g., Serbia, Ukraine). These findings have potentially serious implications for economic theory in general and for the presumption that globalization processes act as a unifying developmental force.

STATE SUPPORT FOR «GREEN» INVESTMENTS AND MARKET «GREEN» FINANCING: FOREIGN EXPERIENCE

2019 ◽  
pp. 97-108
Author(s):  
L.S. Kabir
Keyword(s):  
Economic Growth ◽  
Government Support ◽  
Policy Support ◽  
Green Economy ◽  
Economic Policies ◽  
State Support ◽  
Green Technologies ◽  
Foreign Countries ◽  
The Government ◽  
Green Investments

The present study reveals the trends and features of the current state of financing the foreign countries’ transition to a new «green» economic growth model. To summarize the contemporary experience of countries’ integration into public administration practice the approaches and standards in the field of «green» investments financing.The subject of the study is the set of measures implemented by countries to develop sources of finance for «green» economy projects.Tasks: 1) to consider the principal directions of the «green» investments state policy support, its purpose, and the tools used; 2) to identify the market’s role in the «green» economy financing; 3) to clarify the main issues constraining private investments in «green» projects. The countries’ approach to «green» economic growth financing is examined in the present paper by means of common methods of scientific knowledge.There reviewed the arguments justifying the government support for «green» investments. There revealed the problems constraining the market «green» financing development and speculations about their origins. The study concludes that the countries’ economic policies are aimed at improving the existing model’s efficiency, not at the transition to the new «green» economy model. Thus, through the state support tools, there being generated strong signals signifying the creation of favorable market conditions for the functioning of a new economy sector – the sector of «green» technologies.

scholarly journals Multi-faceted insights of entrepreneurship facing a fast-growing economy: A literature review

2020 ◽  
Vol 3 (1) ◽  
pp. 25-41 ◽  
Author(s):  
Quan Hoang Vuong ◽  
Viet Phuong La ◽  
Thu Trang Vuong ◽  
Phuong Hanh Hoang ◽  
Manh Toan Ho ◽  
...  
Keyword(s):  
Economic Growth ◽  
Literature Review ◽  
Emerging Economies ◽  
Research Output ◽  
Middle Income Country ◽  
Developing Economy ◽  
Middle Income ◽  
Entrepreneurship Research ◽  
Rapid Economic Growth ◽  
Growing Economy

AbstractThis study explores entrepreneurship research in Vietnam, a lower-middle-income country in Southeast Asia that has witnessed rapid economic growth since the 1990s but has nonetheless been absent in the relevant Western-centric literature. Using an exclusively developed software, the study presents a structured dataset on entrepreneurship research in Vietnam from 2008 to 2018, highlighting: low research output, low creativity level, inattention to entrepreneurship theories, and instead, a focus on practical business matters. The scholarship remains limited due to the detachment between the academic and entrepreneur communities. More important are the findings that Vietnamese research on entrepreneurship, still in its infancy, diverges significantly from those in developed and emerging economies in terms of their content and methods. These studies are contextualized to a large extent to reflect the concerns of a developing economy still burdened by the high financial and nonfinancial costs.

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