scholarly journals Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth

2021 ◽  
Vol 11 (22) ◽  
pp. 10832
Author(s):  
Mingxing Li ◽  
Hongzheng Sun ◽  
Fredrick Oteng Agyeman ◽  
Mohammad Heydari ◽  
Arif Jameel ◽  
...  
Keyword(s):  
Economic Growth ◽  
Stepwise Regression ◽  
Regression Estimation ◽  
Theoretical Knowledge ◽  
Lasso Regression ◽  
Factors Affecting ◽  
Factors Influencing ◽  
Potential Factors ◽  
Economic Growth Factors ◽  
Sustainable Economic Growth

The purpose of this article is to screen out the most important factors affecting China’s economic growth. Based on a literature review and relevant financial theoretical knowledge, China’s economic growth factors are selected from international and domestic aspects. Four methods, including least squares estimation, stepwise regression, ridge regression estimation, and Lasso regression, are used to screen and optimize 12 variables and analyze the degrees of influence empirically. The study finds that consumption levels and the development of the tertiary industry play significant roles in promoting China’s economic growth. Additionally, financial development and industrialization promote China’s economic growth, although in a gradual manner.

scholarly journals Investigating the effects of environmental patents and climate change mitigation technologies on sustainable economic growth in the Middle East

2021 ◽  
Author(s):  
Sadegh Abedi ◽  
Mehrnaz Moeenian
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Middle East ◽  
Climate Change Mitigation ◽  
Developed Countries ◽  
Factors Affecting ◽  
Middle East Countries ◽  
Sustainable Economic Growth ◽  
Change Mitigation

Abstract Sustainable economic growth and identifying factors affecting it are among the important issues which have always received attention from researchers of different countries. Accordingly, one of the factors affecting economic growth, which has received attention from researchers in the developed countries over recent years, is the issue of environmental technologies that enter the economic cycle of other countries after being patented through technology transfer. The current research investigated the role of the environment-related patents and the effects of the patented technological innovations compatible with climate change mitigation on the economic growth and development in the Middle East countries within a specific time period. The required data were gathered from the valid global databases, including Organization for Economic Co-operation and Development and World Bank and have been analyzed using multi-linear regression methods and econometric models with Eviews 10 software. The obtained results with 95% confidence level show that the environmental patents (β = 0.02) and environment management (β = 0.04) and technologies related to the climate change mitigation (β = 0.02) have a significant positive impact on the sustainable economic development and growth rate in the studied countries. Such a study helps innovators and policymakers in policy decisions related to sustainable development programs from the perspective of environmentally friendly technologies by demonstrating the role of patents in three important environmental areas, namely environmental management, water-related adaptation and climate change mitigation, as one of the factors influencing sustainable economic growth.

scholarly journals ECONOMIC DEVELOPMENT UNDER REFORM AND WORLD INTEGRATION AND THE MAIN FACTORS INFLUENCING THE ECONOMIC GROWTH IN VIETNAM

2011 ◽  
Vol 14 (1) ◽  
pp. 5-27
Author(s):  
Canh Thi Nguyen ◽  
Son Hung Tran
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Quantitative Model ◽  
Poverty Rate ◽  
Living Standards ◽  
Capital Investments ◽  
Factors Affecting ◽  
Factors Influencing ◽  
Reform Period ◽  
Main Factors

The purpose of this paper was to give an overview of economic development under reform and world integration and to evaluate the main factors influencing the growth of the Vietnamese economy during the reform period (1990-2009). Based on statistical data on the Vietnamese economy in the period of 1990-2009, this study analyzed the factors affecting economic growth. The policy changes, economic development, poverty rates and living standards of Vietnamese population are analyzed over the reform period using qualitative methods. The results of this study show that economic growth under reform and world integration has reduced the poverty rate and increased living standards of population in Vietnam. An evaluation of the factors influencing economic growth is made using a quantitative model of total factor productivity (TFP) and another econometric model. The findings from this quantitative analysis show that the growth of the Vietnamese economy was determined by two factors: (1) capital investments, including foreign direct investment (FDI) and (2) the growth of exports. The results of these qualitative and quantitative analyses lay the foundation for policy recommendations for Vietnam Government to develop economy in the future.

scholarly journals Exploring the Factors Affecting Economic Growth in Pakistan

2020 ◽  
Vol V (III) ◽  
pp. 400-409
Author(s):  
Salyha Zulfiqar Ali Shah ◽  
Muhammad Muzammil Asghar ◽  
Umber Riaz
Keyword(s):  
Economic Growth ◽  
Empirical Investigation ◽  
Trade Openness ◽  
Factors Affecting ◽  
Real Issue ◽  
The People ◽  
Job Opportunities ◽  
Fixed Assets ◽  
Negative Effect ◽  
Potential Factors

Economic growth varies across different countries. Various potential factors have been identified over the years, but finding relevant determinants of growth has been a real issue for empirical investigation. This paper has attempted to examine different macro-economic variables that play a significant role in accelerating economic growth from 1970 to 2019. The econometric results show that human capital, financial development, and industrial production are the encouraging factors of economic growth, while the variable trade openness shows a negative effect on economic growth in Pakistan. Government should design policies to invest inhuman capital and fixed assets; this will create job opportunities for the people and leads to high economic growth.

scholarly journals The Determinants of Sustainable Economic Growth in the Central Asian Turkish Republics

2011 ◽  
Author(s):  
Fahri Solak ◽  
Ercan Sarıdoğan
Keyword(s):  
Economic Growth ◽  
Economic Policies ◽  
Investment Environment ◽  
Factors Affecting ◽  
Global Competitiveness ◽  
Long Run ◽  
Central Asian ◽  
National Industry ◽  
Sustainable Economic Growth ◽  
Science Technology And Innovation

Sustainable economic growth is very important for sustainable welfare of society. In this context, it is vital to determine the factors affecting sustainable economic growth and to design economic policies for affecting sustainable economic growth. Main aim of this study is to investigate the determinants of sustainable economic growth and to recommend economic policies and strategies for selected Central Asian Turkish Republics, namely, Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan in order to achieve sustainable economic growth and development. The main result of the study is that the main source of economic growth of Turkish Republics depends on the natural resources, which is not enough for sustainable economic growth in the long run. For this reason, Turkish Republics should transform their economic structures from natural sources based economic growth into science-technology and innovation based and global competitiveness oriented economic growth path by designing economic policies for developing human capital, education, research and development, national industry strategy improving the business and investment environment for investors and eliminating structural and institutional problems.

scholarly journals The current state of sustainable economic growth in Azerbaijan

2021 ◽  
Vol 1 (1) ◽  
pp. 16-21
Author(s):  
Khayal Yusifov ◽  
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Economic Reforms ◽  
Transformation Process ◽  
Regulatory Framework ◽  
Factors Affecting ◽  
Support Mechanism ◽  
Current State ◽  
Economic Nature ◽  
Sustainable Economic Growth

The article examines the socio-economic nature of economic growth as an economic phenomenon and examines its 5 roles in the development of the national economy, identifying the characteristics of economic growth and the factors affecting it, analyzing various conceptual approaches to ensuring economic growth, analyzing patterns of sustainable economic growth in Azerbaijan. Investigate the current state of provision and determine the means of regulation, study the interrelationship of reforms and economic growth in Azerbaijan, improve the regulatory framework for ensuring sustainable economic growth in Azerbaijan and the legal support mechanism for sustainable economic growth in Azerbaijan. At the same time, the transformation process implemented in Azerbaijan makes it necessary to carry out radical socio-economic reforms in various sectors of the economy.

scholarly journals Analysis of agricultural economic growth factors based on Cobb Douglas production

2020 ◽  
Vol 189 ◽  
pp. 01002
Author(s):  
You Yang ◽  
Li Yang ◽  
ShouYi Liu
Keyword(s):  
Economic Growth ◽  
Growth Factors ◽  
Agricultural Economic ◽  
Empirical Analysis ◽  
Industrial Structure ◽  
Returns To Scale ◽  
Agricultural Labor ◽  
Factors Affecting ◽  
Economic Growth Factors ◽  
The Impact

An empirical analysis of agricultural economic growth factors yields the main factors affecting agricultural economic growth. Based on the Cobb-Douglas function, a regression model is established to analyze the impact of production factors such as capital and labor on agricultural economic growth. After empirical analysis, it is concluded that investment is the main factor affecting agricultural economic growth. In some provinces, agricultural economic growth still uses extensive economic growth and belongs to the type of increasing returns to scale. Based on the results, three suggestions are made to promote the steady and rapid growth of the agricultural economy: increase the input of fixed assets in agriculture and attract capital from all walks of life to the agricultural production; optimize the agricultural labor force and increase human resources training; adjust the industrial structure and develop modern agriculture.

scholarly journals Influence of Education towards Achieving Sustainable Economic Growth and Development in Nigeria : Considerations, Challenges and the Way Forward

2019 ◽  
pp. 115-124
Author(s):  
Usman Mallam Hussaini
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Social Economic ◽  
Economic Status ◽  
Education Sector ◽  
Development Programs ◽  
Economic Growth And Development ◽  
Factors Influencing ◽  
Substantial Investment ◽  
Sustainable Economic Growth

Education is one of the essential leading factors influencing the sustainable economic growth and development programs in first class countries, this is because they give it the needed priority and required attention. No country is said to be ready for economic growth, progress, development and sustainability without focusing on substantial investment in human capital. Economy of Nigeria will surely become more productive if the proportion of educated citizens increases and most importantly if government is ready to offer them proper attention. Essentially, government should be aware that education sector needs to be standardized and education at all levels must be accessible and affordable by all individual citizens regardless of their socio-economic status. Considerably, government should be aware that economic growth and development will be achieved through education (technical and vocational skills) based on standardized and acceptable social, economic and environmental dimensions. All the stakeholders in Nigeria must actively play their roles towards achieving this purpose. Although, there is need for government’s practical determination, accountability, transparency, equitability and integrity as well as discipline towards proper monitoring of resources and the budget allocated for the education sector.

scholarly journals Business Climate Factors Affecting Economic Growth of Small Scale Construpreneurs in Nigeria

2020 ◽  
Vol 9 (4) ◽  
pp. 1597-1606
Keyword(s):  
Economic Growth ◽  
Sampling Method ◽  
Principal Factor ◽  
Scale Construction ◽  
Small Scale ◽  
Climate Factors ◽  
Business Climate ◽  
Factors Affecting ◽  
Ogun State ◽  
Sustainable Economic Growth

Small scale businesses are at the heart of achieving sustainable economic growth in most nations. However, the peculiar environmental challenges faced by this sector has not taken forefront in order to increase their committed participation. Consequently, the study examined the business climate factors affecting economic growth of small scale construpreneurs (SSCs). The study engaged a survey research technique of 80 construpreneurs using a quota-purposive sampling method in Lagos and Ogun State; major economic hubs in Nigeria, through a questionnaire instrument. The data was analyzed using SPSS through principal factor analysis to elicit the crucial business climate factors affecting economic growth of SSCs. The result revealed three main categories of business climate factors which are Finance, Job Availability and Weak Policies as major business climate factors affecting the economic growth of small scale construpreneurs. The study made strategic recommendations for impactful growth of small scale construction entrepreneurs.

Sign in / Sign up

Export Citation Format

Share Document