scholarly journals Evaluating Ingenious Instruments for Fundamental Determinants of Long-Run Economic Growth and Development

Econometrics ◽  
2017 ◽  
Vol 5 (3) ◽  
pp. 38 ◽  
Author(s):  
P. Owen
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Economic Growth And Development ◽  
Long Run

scholarly journals Foreign Aid and Economics Development Nexus: The Case of Sierra Leone

2021 ◽  
Vol 9 (6) ◽  
pp. 219-233
Author(s):  
Ezekiel Kalvin Duramany-Lakkoh
Keyword(s):  
Economic Growth ◽  
Foreign Aid ◽  
Sierra Leone ◽  
Growth And Development ◽  
Secondary Data ◽  
Empirical Estimation ◽  
Economic Growth And Development ◽  
Long Run ◽  
Short Run ◽  
The Impact

This study investigates the impact of foreign aid on economic growth in Sierra Leone using cointegration and error correction methodology by Johansen and Juselius (1990). Utilizing secondary data for the period 1970 to 2018, the empirical estimation revealed that foreign aid in Sierra Lone is positively and significantly related to economic growth both in the short run and long run, confirming the importance of the study. The policy implication of the study is that the Sierra Leone government should seek more foreign aid to accelerate economic growth and development.  

scholarly journals Financing Human Development for Sectorial Growth: A Time Series Analysis

2017 ◽  
Vol 10 (1) ◽  
pp. 51-67 ◽  
Author(s):  
Abdul Olatunji Shobande ◽  
Charles Etukomeni
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Development ◽  
Growth And Development ◽  
Human Capital Development ◽  
Economic Growth And Development ◽  
Long Run ◽  
Depth Relationship ◽  
Capital Development ◽  
The Impact

Abstract The role which financing human development plays in fostering the sectorial growth of an economy cannot be undermined. It is a key instrument which can be utilized to alleviate poverty, create employment and ensure the sustenance of economic growth and development. Thus financing human development for sectorial growth has taken the center stage of economic growth and development strategies in most countries. In a constructive effort to examine the in-depth relationship between the variables in the Nigerian space, this paper provides evidence on the impact of financing human development and sectorial growth in Nigeria between 1982 and 2016, using the Johansen co-integration techniques to test for co-integration among the variables and the Vector Error Correction Model (VECM) to ascertain the speed of adjustment of the variables to their long run equilibrium position. The analysis shows that a long and short run relationship exists between financing human capital development and sectorial growth during the period reviewed. Therefore, the paper argues that for an active foundation for sustainable sectorial growth and development, financing human capital development across each unit is urgently required through increased budgetary allocation for both health and educational sectors since they are key components of human capital development in a nation.

The Greek economy in a Kaldorian developmental framework

2013 ◽  
Vol 63 (1) ◽  
pp. 61-75 ◽  
Author(s):  
Konstantinos Katrakilidis ◽  
Persefoni Tsaliki ◽  
Theodosios Tsiakis
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Economic Policies ◽  
Demand Side ◽  
Economic Growth And Development ◽  
Empirical Ground ◽  
Long Run ◽  
Short Run ◽  
Greek Economy ◽  
Difficult Times

This paper empirically explores the validity of the Kaldorian insights into economic growth and development. In doing so, we examine the three laws outlined in Kaldor’s analysis and test their relevance to the Greek economy for the period 1970–2006. We employ the ARDL method to analyse the long-run and short-run relationships among the variables. The empirical results confirm Kaldor’s proposition about the importance of the demand side of the economy and thus provide the necessary theoretical and empirical ground for innovative economic policies in these difficult times for Greece.

scholarly journals Developing Sports for Economic Growth and Development in Developing Countries

2021 ◽  
Vol 17 (15) ◽  
Author(s):  
Emmanuel Acquah-Sam
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Growth And Development ◽  
Good Governance ◽  
Developing Nations ◽  
Research Approach ◽  
Economic Growth And Development ◽  
Long Run ◽  
Speed Up

Many developing countries still struggle to industrialise to speed up the pace of economic growth and development. Given this, they continue to search for antidotes to the challenges of their underdevelopment. Sports development is touted by many as one of the antidotes to the underdevelopment challenges of developing countries. However, the major challenges developing countries face in recent times are how they can develop sports and how they can adequately harness its benefits for economic growth and development. This paper sought to holistically explore the challenges of sports development in developing nations, the long-term complementary strategies or cardinal pillars of sports development in developing nations, and the benefits of sports development and their effects on economic growth and development of developing nations. This paper employed a narrative overview research approach to arriving at its conclusions. It concludes that sports development hinges on the holistic development of ten long-run complementary strategies or cardinal pillars. In addition, sports development offers eight significant benefits that can help achieve economic growth and development in developing nations. One of the study's main recommendations is that sufficient and sustained levels of all kinds of investment in sports, coupled with strong institutions, good governance, and practical and interrelated policies, are critical for sports development and economic growth and development in developing countries.

scholarly journals Role of human capital in the promotion of technological progress, economic growth and development in Africa: A case study of Kenya

2018 ◽  
Vol 6 (1) ◽  
Author(s):  
Jimmy Alani
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Growth And Development ◽  
Capital Accumulation ◽  
Technological Progress ◽  
Positive Influence ◽  
Economic Growth And Development ◽  
Long Run ◽  
Human Capital Index

Background: This article evaluates the role of human capital in the promotion of technological progress, economic growth and development in Africa by focusing on the case of Kenya.Objectives: The overall objective of this article was to evaluate the effects of human capital on technological progress, economic growth and development in Kenya over the period between 1971 and 2014.Method: In this article, human capital was measured by human capital index defined as the ratio of current level of human capital in the national economy to the level of human capital 2 years ago. In particular, human capital in the broad sense was estimated by computing the ratio between 2 years of the hypotenuse of capital and labour vectors, and this measure outperformed all the other measures of human capital by yielding very good regression results by way of the generalised least squares technique.Results: Based on the econometric and statistical analyses, human capital in Kenya was found to have had a positive influence on economic growth in the long run. Human capital was also found to have had a positive influence on labour in the long run.Conclusion: Both human capital formation and technological progress should be given priority in the promotion of economic growth and development in Kenya rather than merely increasing the productivity of either capital or labour. Capital accumulation and labour generation should also be encouraged because increase in the two variables always under normal circumstances results in economic growth and development.

Sign in / Sign up

Export Citation Format

Share Document