scholarly journals Technological Diffusion, Conditional Convergence, and Economic Growth

10.3386/w8713 ◽  
2002 ◽  
Author(s):  
David Bloom ◽  
David Canning ◽  
Jaypee Sevilla
Keyword(s):  
Economic Growth ◽  
Technological Diffusion ◽  
Conditional Convergence

Exploring the Channels and Impact of Debt on Economic Growth

2018 ◽  
Vol 19 (2) ◽  
pp. 171-191
Author(s):  
Kashif Munir ◽  
Nisma Riffat Mehmood
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Good Governance ◽  
Public Investment ◽  
Fixed Effect Model ◽  
Asian Countries ◽  
Conditional Convergence ◽  
Macroeconomic Policies ◽  
Effect Model ◽  
Private And Public

The objective of this study is to analyse the effect of debt on economic growth as well as the channels, that is, investment, total factor productivity (TFP), interest rate and saving channel through which debt affects economic growth in South Asian countries. The study uses growth model based on conditional convergence and augments to include debt. Panel data of four South Asian countries from 1990 to 2013 at annual frequency are utilized and fixed effect model is used for estimation. The results of the study showed that inverted U-shaped relationship exists between debt and economic growth in South Asian countries. However, the most important and significant channel through which debt affects economic growth is private and public investment as well as TFP. Reducing debt accumulation alone will not rectify the problem unless the supplementary macroeconomic policies are made sound; therefore, there is a dire need to improve macroeconomic policies, good governance and elimination of structural distortions. JEL: C23, H6, O47

REGIONAL CONVERGENCE OF ECONOMIC GROWTH DURING POST-REFORM PERIOD IN INDIA

2014 ◽  
Vol 59 (02) ◽  
pp. 1450012 ◽  
Author(s):  
JAGANNATH MALLICK
Keyword(s):  
Economic Growth ◽  
Growth Models ◽  
Public Investment ◽  
Private Investment ◽  
Club Convergence ◽  
Conditional Convergence ◽  
Indian States ◽  
Middle Income ◽  
The Public ◽  
Long Run

This paper examines the club-convergence and conditional convergence of economic growth of the major 15 states in India over the periods from 1993–1994 to 2004–2005 by using dynamic fixed effect growth models. The result finds that there is club-convergence within the middle income states. There is also evidence of the convergence of per capita income among Indian states by conditioning private investment and public investment along with other factors of economic growth. This paper is innovative in separating the significance of private investment from the public investment in the long-run dynamics of income in Indian states. This paper suggests that regional disparity in income can be reduced by equitable allocation of private investment and equitable distribution of public investment.

scholarly journals Empirical Analysis of Human Capital Convergence in Indonesia

JEJAK ◽  
2018 ◽  
Vol 11 (2) ◽  
pp. 306-322
Author(s):  
Aminuddin Anwar
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Fixed Effects ◽  
Health Centers ◽  
Fixed Effects Model ◽  
Conditional Convergence ◽  
Capital Growth ◽  
Sigma Convergence ◽  
Convergence Model ◽  
Second Period

This research analyzes the convergence hypothesis that applied to human capital which is one of important factor for economic development. This model applied to analyze the condition of provinces in Indonesia that have different conditions of human capital between regions for 33 provinces in Indonesia for two period between 2004 to 2010 and 2010 to 2016. This study uses data panels in estimating with fixed effects model as the best model choice. The result of the analysis for sigma convergence model is a decrease of global dispersion of human capital growth in Indonesia for the both periods. The results of beta convergence confirm the existence of absolute and conditional convergence model for the both periods. The determinants of human capital convergence in first period are economic growth, poverty, illiteracy, access to sanitation, access to clean water, number of health centers, and number of universities. Meanwhile different conditions are shown in the second period where the determinants of conditional convergence of human capital are determined only by economic growth, poverty, and sanitation access.

scholarly journals KNOWLEDGE-BASED ECONOMY (KBE), KONVERGENSI, DAN PERTUMBUHAN EKONOMI : STUDI KASUS DI ASEAN PLUS THREE (PERIODE TAHUN 2001-2014)

2018 ◽  
Vol 4 (2) ◽  
pp. 153-167
Author(s):  
Zulva Azijah ◽  
Muhammad Findi Alexandi ◽  
Toni Irawan
Keyword(s):  
Economic Growth ◽  
Economic Integration ◽  
Annual Data ◽  
Conditional Convergence ◽  
Knowledge Based ◽  
Real Gdp ◽  
Knowledge Based Economy ◽  
Real Gdp Per Capita

Economic growth and convergence are the major issues in the global economic. Economic integration is a form of cooperation between countries in order to achieve welfare and prosperity. In 1997, ASEAN Plus Three has been established as an economic integration in the field of innovation and ICT. The aims of this study are to analyze the conditional convergence (β) and covergence (σ) and to consider the role of Knowledge-Based Economy on economic growth. This study uses annual data from 2001 to 2014 with a GMM approach. The case study of this research are the members of ASEAN Plus Three. The resultsof conditional convergence (β) estimation showed that the best dynamic panel criteria is not bias, valid dan consistent. The coefficient of conditional convergence (β) with KBE indicators that is 0.9917 has convergence rate of 0.8%. On the convergence (σ), the result showed that in the period 2001 to 2014, there has been a convergence in real GDP per capita that can be seen from the coefficient variation values that tend to be declined.

scholarly journals Inversión Extranjera Directa como determinante de la Convergencia Económica por entidad federativa en México: 1993 - 2015

UVserva ◽  
2020 ◽  
pp. 262-275
Author(s):  
Rosa Martínez Hernández ◽  
Edson Valdés Iglesias
Keyword(s):  
Economic Growth ◽  
Growth Model ◽  
Direct Foreign Investment ◽  
Economic Convergence ◽  
Conditional Convergence ◽  
Average Growth ◽  
Economic Growth Model ◽  
Palabras Clave ◽  
Convergence Model ◽  
Determining Factor

En el presente escrito se desarrolla un análisis de Convergencia Condicional para las 32 entidades federativas de México durante el periodo de 1993 – 2015, observando el comportamiento de la Tasa de Crecimiento Media estableciendo como factor determinante a la Inversión Extranjera Directa. Para cumplir con el objetivo de esta investigación, se retoman los principios teóricos del Modelo de Crecimiento Económico de Solow (1956) junto con los fundamentos expuestos en el Modelo de Convergencia Condicional propuesto por Sala – i – Martin (2000).Palabras clave: Inversión Extranjera Directa; Crecimiento Económico; Convergencia Económica; Modelo de Crecimiento Económico; Modelo de Convergencia Condicional. AbstractThis paper an develops Conditional Convergence analysis for the 32 federal entities of Mexico during the period of 1993 - 2015, observing the behavior of the Average Growth Rate establishing as a determining factor the Direct Foreign Investment. To meet the objective of this research, the theoretical principles of the Solow Economic Growth Model (1956) are retaken together with the foundations set forth in the Conditional Convergence Model proposed by Sala - i - Martin (2000).Keywords: Foreign Direct Investment; Economic Growth; Economic Convergence; Economic Growth Model; Conditional Convergence Model.

A meta-analysis on the effects of internal migration on economic growth and convergence in the Indian states

2021 ◽  
Vol 18 (3) ◽  
pp. 305-317
Author(s):  
Sazzad Parwez ◽  
Manas Kumar Pedi
Keyword(s):  
Economic Growth ◽  
Internal Migration ◽  
Meta Analysis ◽  
Secondary Data ◽  
Conditional Convergence ◽  
Indian States ◽  
Literacy Rate ◽  
Policy Makers ◽  
Important Indicator ◽  
Reserve Bank

This paper examines the trajectory of internal migration and its impact on growth leading to convergence in India. The analysis is based on secondary data sourced from the Reserve Bank of India, Census and Economic and Political Weekly Research Foundation. It captures the data for a period of 20 years (1991-2011). An initial review indicates internal migration in the form of intra-state migration is very high compare to inter-state migration. The analysis of convergence/divergence suggests dispersion among states has increased in the concerned period. Similarly, absolute β-convergence indicate that rich states are growing faster than poor states. However, when conditional convergence is tested by various variables, conditional convergence among states is evident. However, migration and literacy rate as important indicator not producing the expected results, as migration which is expected to be negatively correlated to economic growth, is positive. The coefficient of the initial level of per capita income is found to be statistically significant, implying conditional convergence across Indian states during 1991-2011. Further, policy makers need to consider migration, literacy rate, investment, and population growth as means to reduce economic disparities among states. Moreover, migration should be encouraged for economic growth and broader convergence.

Evolutionary Models in the Theory of Economic Growth

2007 ◽  
pp. 66-81 ◽  
Author(s):  
A. Krasilnikov
Keyword(s):  
Economic Growth ◽  
Technological Progress ◽  
Evolutionary Economics ◽  
Growth Theory ◽  
Technological Diffusion ◽  
Evolutionary Models ◽  
Different Types

The role of evolutionary economics in the development of economic growth theory is considered in the article. Different types of evolutionary models are distinguished, analyzed and compared with neoclassical models. Special attention is paid to the treatment of scientific and technological progress, particularly within the framework of the models of technological diffusion.

The Dynamics of International Tourism and Economic Growth Convergence in ASEAN+3

2018 ◽  
Vol 9 (4) ◽  
pp. 815
Author(s):  
I Made SARA ◽  
Ida Bagus Agung DHARMANEGARA ◽  
I Nyoman Sugawa KORRI
Keyword(s):  
Economic Growth ◽  
Lao Pdr ◽  
Method Of Moment ◽  
Conditional Convergence ◽  
Growth Convergence ◽  
Brunei Darussalam ◽  
International Tourist ◽  
Asean Countries ◽  
Generalized Method Of Moment ◽  
The Impact

This study aims to analyze the impact of the tourism sector on economic growth and to identify the convergence of economic growth both in absolute and conditional of ASEAN + 3 countries. The analytical method used is Arellano-Bond Generalized Method of Moment (AB-GMM) with the period of 2003-2015 for 13 ASEAN countries: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam plus China, Republic of Korea and Japan. The variables used are Gross Domestic Product (GDP) and International Tourist Arrival. The results show that conditional convergence beta by entering tourism indicator has the speed of convergence process in economic growth compared to without entering the tourism indicator. However, the half-life that needed is long enough to achieve steady-state conditions, and it is important to get the attention of policymakers and relevant stakeholders in accelerating the achievement of growth targets through tourism.

scholarly journals STEADY STATE CONDITION PREDICTION OF ECONOMIC GROWTH IN EAST JAVA REGION

2020 ◽  
Vol 17 (2) ◽  
pp. 164
Author(s):  
Sutikno Sutikno
Keyword(s):  
Economic Growth ◽  
Capital Expenditure ◽  
Initial Period ◽  
Convergence Speed ◽  
Conditional Convergence ◽  
Steady State Condition ◽  
Income Per Capita ◽  
Stable Conditions ◽  
Per Capita ◽  
Classical Economic

The quality of development of a country or region is not only seen from the high level of economic growth, but also the higher level of economic growth produced by people in a country or region. One of the economic development debates in East Java in the last few decades is the imbalance of development between regions. This article focuses its analysis on the value of "stable conditions" districts / cities in East Java in reducing income disparity between regions. The analysis in this study is a convergence analysis conducted in East Java Province using a conditional convergence test with observations of all districts and cities in East Java. Variable interest is income per capita. Variable gross fixed investment, net exports, labor force, capital expenditure, human development index. The success variable is the average economic growth in 2010-2018. Whereas the theory underlying all these variables is the Solow-Swan classical economic growth model. The convergence speed results explain the convergence speed in East Java Province by 4.8 percent. Regarding income per capita in developing countries which must grow at least 4.8 percent per year for the Java economy to reach a stable point. The amount of time needed to cover half of the initial period (half-life of convergence) is 6.2 years 

scholarly journals KNOWLEDGE-BASED ECONOMY (KBE), KONVERGENSI, DAN PERTUMBUHAN EKONOMI : STUDI KASUS DI ASEAN PLUS THREE (PERIODE TAHUN 2001-2014)

2018 ◽  
Vol 4 (2) ◽  
pp. 153-167
Author(s):  
Zulva Azijah ◽  
Muhammad Findi Alexandi ◽  
Toni Irawan
Keyword(s):  
Economic Growth ◽  
Economic Integration ◽  
Annual Data ◽  
Conditional Convergence ◽  
Knowledge Based ◽  
Real Gdp ◽  
Knowledge Based Economy ◽  
Real Gdp Per Capita

Economic growth and convergence are the major issues in the global economic. Economic integration is a form of cooperation between countries in order to achieve welfare and prosperity. In 1997, ASEAN Plus Three has been established as an economic integration in the field of innovation and ICT. The aims of this study are to analyze the conditional convergence (β) and covergence (σ) and to consider the role of Knowledge-Based Economy on economic growth. This study uses annual data from 2001 to 2014 with a GMM approach. The case study of this research are the members of ASEAN Plus Three. The resultsof conditional convergence (β) estimation showed that the best dynamic panel criteria is not bias, valid dan consistent. The coefficient of conditional convergence (β) with KBE indicators that is 0.9917 has convergence rate of 0.8%. On the convergence (σ), the result showed that in the period 2001 to 2014, there has been a convergence in real GDP per capita that can be seen from the coefficient variation values that tend to be declined.

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