scholarly journals Mapping the Moderating Role of Logistics Performance of Logistics Infrastructure on Economic Growth in Developing Countries

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 177
Author(s):  
Zunaira Khadim ◽  
Irem Batool ◽  
Ahsan Akbar ◽  
Petra Poulova ◽  
Minahs Akbar
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Bank ◽  
Developing Economies ◽  
Data Set ◽  
The World Bank ◽  
Efficient Performance ◽  
Moderator Role ◽  
Moderating Role

Logistics performance is an important determinant of economic growth. The present study investigates the moderating role of logistics performance of the logistic infrastructure on economic growth in developing countries. We employ the World Bank computed LPI index in the year 2010, 2012, 2014, 2016 and 2018 to measure the logistic performance. The current research includes the 50 developing economies, and a panel data set comprising of total 300 observations is collected. The study used the conventional Cobb–Douglas production function with labor, capital stock as main drivers of economic growth. The study found that the labor and capital endowments have significantly different impacts in terms of elasticity coefficients for developing countries with different logistics performance levels. It implies that logistics performance, i.e., the efficient performance of logistic infrastructure, plays a moderator role in economic growth in developing economies.

Customer Orientation in the Context of Development Projects: Insights from the World Bank

2005 ◽  
Vol 24 (1) ◽  
pp. 100-111 ◽  
Author(s):  
Debabrata Talukdar ◽  
Sumila Gulyani ◽  
Lawrence F. Salmen
Keyword(s):  
Developing Countries ◽  
World Bank ◽  
Customer Orientation ◽  
Developing Economies ◽  
Traditional Role ◽  
Private Goods ◽  
The World Bank ◽  
The World ◽  
Marketing Principles

Approximately half of the world's current population lives in poverty, and more than 90% of those people live in developing countries with limited access to basic social and economic amenities. Mired in such widespread poverty, developing countries thus appear to offer little opportunity for the traditional role of marketing to facilitate the monetized exchange of private goods. However, as this synthesized review of the practice of customer orientation at the World Bank shows, fundamental marketing principles and practices play an important role in incorporating the voice and interest of the poor in the provision of public goods that are designed to improve their quality of life and standard of living. This role for marketing in developing economies helps create the necessary socioeconomic infrastructure to facilitate the emergence of vibrant exchange markets for private goods in which the traditional role of marketing plays out. This article helps develop a better appreciation of a typically overlooked dimension in marketing's relationship to society in developing countries.

Financial access and economic development: the moderating role of financial consumer protection

2019 ◽  
Vol 15 (4) ◽  
pp. 406-424 ◽  
Author(s):  
Maryam Kriese ◽  
Joshua Yindenaba Abor ◽  
Elikplimi Agbloyor
Keyword(s):  
Economic Development ◽  
World Bank ◽  
Financial Literacy ◽  
Compliance Monitoring ◽  
Financial Access ◽  
Policy Makers ◽  
Content Type ◽  
The World Bank ◽  
Moderating Role

Purpose The purpose of this paper is to examine the moderating role of financial consumer protection (FCP) in the access–development nexus. Design/methodology/approach The study is based on cross-country data on 102 countries surveyed in the World Bank Global Survey on FCP and Financial Literacy (2013). The White heteroscedasticity adjusted regressions and Two-stage least squares regressions (2SLS) are used for the estimation. Findings Interactions between FCP regulations that foster fair treatment, disclosure, dispute resolution and recourse and financial access have positive net effects on economic development. However, there is no sufficient evidence to suggest that interactions between financial access and enforcement and compliance monitoring regulations have a significant effect on economic development. Practical implications First, policy makers should continue with efforts aimed at instituting FCP regimes as part of strategies aimed at broadening access to financial services for enhanced economic development. Second, instituting FCP regimes per se may not be enough. Policy makers need to consider possible intervening factors such as the provision of adequate resources and supervisory authority, for compliance monitoring and enforcement to achieve the expected positive effect on economic development. Originality/value This study extends evidence in the law–finance–growth literature by providing empirical evidence on the effect of legal institution specific to the protection of retail financial consumers on the access–development nexus using a nouvel data set, the World Bank Global survey on FCP and Financial Literacy (2013).

Conference on the Role of Industrialisation in Developing Countries

1964 ◽  
Vol 2 (3) ◽  
pp. 440-442
Author(s):  
Ronald Robinson
Keyword(s):  
Developing Countries ◽  
United Nations ◽  
World Bank ◽  
Business Executives ◽  
Agricultural Revolution ◽  
The World Bank ◽  
The World ◽  
The United Nations

At the fourth Cambridge conference on development problems, the role of industry was discussed by ministers, senior officials, economic advisers, and business executives, from 22 African, Asian, and Caribbean countries, the United Nations, and the World Bank. Have some, if not all, of Africa's new nations now reached the stage when it would pay them to put their biggest bets on quick industrialisation? Or must they go on putting most of their money and brains into bringing about an agricultural revolution first, before striving for industrial take-off? These questions started the conference off on one of its big themes.

The effect of FDI on domestic investment and economic growth case of three Maghreb countries

2019 ◽  
Vol 61 (1) ◽  
pp. 91-105 ◽  
Author(s):  
Walid Ali ◽  
Ali Mna
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Design Methodology ◽  
Domestic Investment ◽  
Content Type ◽  
The World Bank ◽  
Endogenous Variables ◽  
The Interest Rate ◽  
Investment Growth

PurposeThe purpose of this study is to show how foreign direct investment (FDI) affects domestic investment and economic growth. This study empirically examines this question in the case of three developing countries (Tunisia, Algeria and Morocco).Design/methodology/approachUsing the GMM estimator technique, the authors constructed a system with simultaneous equations by three endogenous variables: economic growth (GDP), FDI and domestic investment (DI).FindingsThe study was a nuance, its results, at the role of investment–growth relationship, are of paramount importance though subtle and slightly different.Originality/valueThe authors used data from international institutions such as the IMF, UNCTAD, OECD and the World Bank for macroeconomic aggregates. However, the interest rate variables are derived from the central banks of the three countries in the sample. The analysis covers the period from 1980 to 2014.

scholarly journals Institution, Financial Sector, and Economic Growth: Use The Institutions As An Instrument Variable

2016 ◽  
Vol 17 (1) ◽  
pp. 84
Author(s):  
Albertus Girik Allo
Keyword(s):  
Economic Growth ◽  
Estimation Method ◽  
Political Stability ◽  
Financial Sector ◽  
Data Set ◽  
Institutional Variables ◽  
The World Bank ◽  
Control Of Corruption

Institution has been investigated having indirect role on economic growth. This paper aims to evaluate whether the quality of institution matters for economic growth. By applying institution as instrumental variable at Foreign Direct Investment (FDI), quality of institution significantly influence economic growth. This study applies two set of data period, namely 1985-2013 and 2000-2013, available online in the World Bank (WB). The first data set, 1985-2013 is used to estimate the role of financial sector on economic growth, focuses on 67 countries. The second data set, 2000-2013 determine the role of institution on financial sector and economic growth by applying 2SLS estimation method. We define institutional variables as set of indicators: Control of Corruption, Political Stability and Absence of Violence, and Voice and Accountability provide declining impact of FDI to economic growth.

scholarly journals How to be an Asian Tiger

1997 ◽  
Vol 2 (2) ◽  
pp. 87-108
Author(s):  
Anis Alam
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Bank ◽  
Developed Countries ◽  
Small Country ◽  
The World Bank ◽  
Asian Tiger ◽  
The World ◽  
The Republic ◽  
Industrialised Countries

In 1995 the Republic of Korea (ROK) was officially admitted to the Organisation for Economic Cooperation and Development (OECD). This organisation groups together industrially developed countries of the world. Recently, the World Bank has also released a study of China that predicts that China is going to become the second biggest economy in the next fifteen years if its economic growth follows the pattern of the last fifteen years. ROK is the only country from among the developing countries to join the ranks of the developed industrialised countries in the last thirty years. However, it is still a small country compared to China. Hence when China completes its transformation into an industrialised country the whole world will be affected.

Economic growth, inequality and trade in developing countries

2016 ◽  
Vol 15 (3) ◽  
pp. 240-253 ◽  
Author(s):  
Muhammad Tariq Majeed
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Open Economy ◽  
Developing Economies ◽  
Negative Relationship ◽  
Growth Effect ◽  
Data Set ◽  
Content Type ◽  
Long Run ◽  
Short Run

Purpose The purpose of this study is to analytically explore and empirically test the relationships between economic growth, inequality and trade using a panel data set of 65 developing economies from 1965 to 2010. Design/methodology/approach This study sets a theoretical framework to explain the growth-trade nexus differentials in the developing economies. The study uses different econometric methods such as General Method of Moments to address the relationship of trade with growth in the presence of high inequalities. Findings The study determines the positive effect of trade on growth both in the short-run and in the long-run. However, the growth effect of trade is substantially influenced by the domestic context in terms of the prevalence of high initial inequalities. The study identifies high initial inequalities in developing countries as the likely reason for a negative relationship between trade and economic growth. The trade-growth nexus is significantly negative for the unequal group but strongly significantly positive for the less unequal one. Practical implications Those developing economic which mange to ameliorate inequalities are in a better position to compete in an open economy. Originality/value The study contributes in the existing literature by answering the question why growth effects of trade are not definitely positive or negative. The findings of the studies may help the policy-makers of developing economies to take the advantage of increasing international trade.

scholarly journals «Green» economy and the role of public-private partnership in financial support of its development

2020 ◽  
Vol 7 (4) ◽  
Author(s):  
Lyudmila Tolstolesova
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Financial Support ◽  
Environmentally Friendly ◽  
Public Private Partnership ◽  
Green Economy ◽  
Private Partnership ◽  
The World Bank ◽  
The World

The article considers the role of public-private partnership in the development of the «green» economy. The author reveals the concept of «green» economy, justifies the importance of introducing «green» technologies that allow to move from a wasteful economic model to an environmentally friendly one. The main idea of the concept of «green» growth, which implies sustainable development without irreversible destruction of natural resources, is reflected. The author highlights the main directions of development of the «green» economy, which are widespread in most countries, including Russia. The expediency of using the mechanism of public-private partnership in the transition to the «green» economy model is justified. The problems of implementing environmental projects are highlighted, primarily due to insufficient financial resources, both from the state and private business. It was revealed that cooperation between the state and the private sector forms an effective mechanism for attracting investment aimed at ensuring «green» economic growth. It is noted that when implementing PPP projects aimed at «green» economic growth, three main sectors receive the greatest development: energy based on renewable sources; water supply and sanitation (Sewerage); solid waste management. These areas receive preferential financial support for projects around the world from the world Bank structures, as well as state support in Russia. The author analyzes PPP projects in these sectors funded by the world Bank and identifies priority areas. The features of similar PPP projects implemented in these three regions in Russia are considered. It is revealed that such projects have not yet become widespread, and those that are being implemented are aimed more at the reconstruction of previously created objects than at creating modern and more environmentally friendly ones.

scholarly journals Do Human Resources Run Economic Growth? Empirical Evidence From Pakistan

2021 ◽  
Vol 7 (2) ◽  
pp. 205-213
Author(s):  
Bilal Alam ◽  
Muhammad Niamat Ullah
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
World Bank ◽  
Education And Health ◽  
The World Bank ◽  
The World ◽  
Economic Survey ◽  
Using Data ◽  
Econometric Technique

This study analyzes the role of human capital in economic growth using data from 1981 to 2017. The data were taken from the World Bank (WDI) and the Economic Survey of Pakistan (Various Issues). It was scrutinized for stationarity of variables through ADF and an appropriate time series econometric technique of ARDL is applied for empirical analysis. The results suggest that both proxies of human capital, education, and health have positive impacts on the economic development of Pakistan. The study findings also suggest that government machinery may divert enough resources for the improvement of education and health services to accumulate human capital for achieving the desired goal of higher growth and development.

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