scholarly journals The Coupling Coordination Relationship between Tourism Competitiveness and Economic Growth of Developing Countries

2020 ◽  
Vol 12 (6) ◽  
pp. 2350
Author(s):  
Xia Wang ◽  
Danli Liu

On the basis of the coupling coordination degree (CCD) model and information entropy weight method, this study examined the relationship between tourism competitiveness and economic growth of 56 developing countries from 2008 to 2017. The results show that: (1) the overall status of the CCD between tourism competitiveness and economic growth was in a state of unbalance that was mainly caused by the lag of economic growth, which demonstrates the important contribution of tourism in developing regions. (2) the CCD has been gradually improving since 2008, and the differences amongst the CCDs of developing countries have been shrinking and (3) the spatial distribution of the CCD between tourism competitiveness and economic growth has heterogeneity. Latin America & the Caribbean, and East Asia & the Pacific have the highest CCD, whereas Sub-Saharan Africa witnessed severely unbalanced development between tourism competitiveness and economic growth in 2008–2017.

Author(s):  
Sorin Nicolae Borlea ◽  
Codruta Mare ◽  
Monica Violeta Achim ◽  
Adriana Puscas

Abstract The results of extensive studies that analyzed the existence and meaning of correlations between the economic growth and the financial market development lead us to a more thorough study of these correlations. Therefore, we performed a broad study of the developing countries from around the world (the developing part of each region constructed by the World Bank through its Statistics Bureau). The regions taken into analysis were: Europe and Central Asia, South Asia, East Asia and the Pacific, the Arab world, Latin America & and the Caribbean, the Middle East and North Africa, and Sub-Saharan Africa. For comparison purposes, we have also included in the sample the North American countries, the Euro Area and the European Union as a whole, because these last three areas are the main benchmarks of the financial markets. The results are consistent with those from previous studies on the subject and vary depending on region and financial indicator considered.


2021 ◽  
Vol 14 (10) ◽  
pp. 489
Author(s):  
E. M. Ekanayake ◽  
Ranjini Thaver

The objective of this study is to investigate the nexus between financial development (FD) in economic growth (GROWTH) in developing countries. The study uses panel data from 138 developing countries during the period 1980–2018. The relationship between financial development and economic growth is investigated using four explanatory variables that are commonly used to measure the level of financial development and several other control variables, including a dummy variable representing the financial and banking crises. The sample of 138 developing countries is also classified into six geographic regions. We have carried out panel unit-root tests and panel cointegration tests before estimating the specified models using both Panel Least Squares (Panel LS) and Panel Fully Modified Least Squares (FMOLS) methods. In addition, panel Granger causality tests have been conducted to identify the direction of causality between FD and GROWTH for each of the regions. The results of the study provide evidence of a direct relationship between FD and GROWTH in developing countries. Furthermore, there is evidence of bi-directional causality running from FD to GROWTH and from GROWTH to FD in samples of Europe and Central Asia, South Asia, and all countries, but not in East Asia and Pacific, Latin America and the Caribbean, Middle East and North Africa, and Sub-Saharan Africa.


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Joseph Ato Forson ◽  
Rosemary Afrakomah Opoku ◽  
Michael Owusu Appiah ◽  
Evans Kyeremeh ◽  
Ibrahim Anyass Ahmed ◽  
...  

PurposeThe significant impact of innovation in stimulating economic growth cannot be overemphasized, more importantly from policy perspective. For this reason, the relationship between innovation and economic growth in developing economies such as the ones in Africa has remained topical. Yet, innovation as a concept is multi-dimensional and cannot be measured by just one single variable. With hindsight of the traditional measures of innovation in literature, we augment it with the number of scientific journals published in the region to enrich this discourse.Design/methodology/approachWe focus on an approach that explores innovation policy qualitatively from various policy documents of selected countries in the region from three policy perspectives (i.e. institutional framework, financing and diffusion and interaction). We further investigate whether innovation as perceived differently is important for economic growth in 25 economies in sub-Saharan Africa over the period 1990–2016. Instrumental variable estimation of a threshold regression is used to capture the contributions of innovation as a multi-dimensional concept on economic growth, while dealing with endogeneity between the regressors and error term.FindingsThe results from both traditional panel regressions and IV panel threshold regressions show a positive relationship between innovation and economic growth, although the impact seems negligible. Institutional quality dampens innovation among low-regime economies, and the relation is persistent regardless of when the focus is on aggregate or decomposed institutional factors. The impact of innovation on economic growth in most regressions is robust to different dimensions of innovation. Yet, the coefficients of the innovation variables in the two regimes are quite dissimilar. While most countries in the region have offered financial support in the form of budgetary allocations to strengthen institutions, barriers to the design and implementation of innovation policies may be responsible for the sluggish contribution of innovation to the growth pattern of the region.Originality/valueSegregating economies of Africa into two distinct regimes based on a threshold of investment in education as a share of GDP in order to understand the relationship between innovation and economic growth is quite novel. This lends credence to the fact that innovation as a multifaceted concept does not take place by chance – it is carefully planned. We have enriched the discourse of innovation and thus helped in deepening understanding on this contentious subject.


2013 ◽  
Vol 103 (3) ◽  
pp. 293-297 ◽  
Author(s):  
Elizabeth Asiedu ◽  
Isaac Kalonda-Kanyama ◽  
Leonce Ndikumana ◽  
Akwasi Nti-Addae

The literature on the determinants of firms' financing constraints has paid little attention to gender as a determinant of access to finance. Using data for 34,342 firms from 90 developing countries, the paper analyzes the determinants of firms' financing constraints and assesses whether female-owned firms are more financially constrained than male-owned businesses. The results show that female-owned firms in sub-Saharan Africa are more likely to be financially constrained than male-owned firms, but there is no gender gap in other developing regions. The gender gap in sub-Saharan Africa is robust to variations in specifications and econometric estimation procedures.


2021 ◽  
Vol 10 (2) ◽  
Author(s):  
Joe Zimmerman ◽  
Brian Wheaton

Export-led growth is an economic hypothesis that links the level of a nation’s exports to economic growth in that country. Seen primarily as a model for low-income, developing nations to accelerate convergence as China began to do in the 1980s, the hypothesis theoretically still stands for developed nations. However, there exists significant discussion and doubt as to the strength and causality of the relationship between exports and growth, especially after a nation has industrialized and established itself as a major exporter. This paper examines and compares the effect of exports, imports, and net exports on economic growth for a set of low-income nations (Sub-Saharan Africa) and a country that has already undergone a significant economic transformation (China, at the provincial level). I regress the share of exports, imports, and net exports against GDP growth for Sub-Saharan African nations and Chinese provinces, and use instrumental variables to check for robustness. I find that while in Sub-Saharan Africa the share of exports and net exports exhibit a positive relationship with economic growth, higher shares of exports and net exports in China are associated with lower economic growth. This suggests that export-led growth is valid in Sub-Saharan Africa, but no longer is in China. I pose two potential explanations for this outcome in China: inefficient trade with low-income nations or decreasing trade with high-income nations. Regressions of China’s exports to these two types of economies over time indicate that the latter is the primary cause of the distinction in the effect of exports.


2020 ◽  
Vol 3 (2) ◽  
pp. 43-60
Author(s):  
Lamia Jamel ◽  
Monia Ben Ltaifa ◽  
Ahmed K Elnagar ◽  
Abdelkader Derbali ◽  
Ali Lamouchi

The purpose of this paper is to examine empirically the nexus between education accumulation and economic growth for a sample of middle-income countries through panel data regressions. The sample consists of 28 middle-income countries from various continents: North Africa and the Middle East (6 countries), sub-Saharan Africa (7 countries), Latin America and the Caribbean (8 countries), East Asia and the Pacific (3 countries), and Europe and Central Asia (4 countries). Education is measured by quantitative (average years of labour force study) and qualitative indicators (student scores on international assessments of educational achievements). To test the impact of education accumulation on GDP per capita growth, a static panel is used during the period of study from 1970 to 2014. A dynamic panel is also being developed to estimate the effect of the education stock on the growth rate of GDP per capita. The results confirm the positive and significant impact of the education quantity and quality on economic growth, both in level and variation. The stock of education and its increase are positively affecting the growth. Moreover, this paper’s original findings suggest that the quality of education is more significant than its quantity.


2014 ◽  
Vol 2 (1) ◽  
Author(s):  
Heath Prince

Poverty is increasingly recognised as a multidimensional phenomenon in the development literature, encompassing not only income, but also a range of factors related to broadening an individual’s freedoms to live a life of their own choosing. Poverty so understood suggests that alternative approaches to poverty measurement reflecting this multidimensionality may point towards alternative policies for poverty alleviation. The imperative to reinforce pro-poor policy development in sub-Saharan Africa with evaluation findings that reflect improvements in well-being, rather than solely improvements in national economies, has become self-evident as, despite decades of market-led development policies, much of the subcontinent remains mired in deprivation. As recognised by the 2014 African Evaluation Association’s biannual conference, fresh thinking and new evaluation metrics are required in order to create policies that more effectively increase well-being. This article explores the factors that may account for changes in one metric of multidimensional poverty in developing countries, the United Nation Development Program’s Human Poverty Index (HPI), and will be primarily concerned with measuring the effects on the HPI of policies and activities that relate to, or are explicitly meant to encourage, economic growth, increased literacy and improved health. The study focuses on the outcomes of a panel data set, created for the purpose of this study, of HPI scores for a set of 47 sub-Saharan countries, between 1990 and 2010, and a range of indicators that the development literature and theory suggest should have an effect on income poverty, asking, what is the relationship between these indicators and multidimensional poverty? A parallel set of models has been developed to measure the response of household consumption expenditure to changes in economic growth and human capabilities indicators. All models are estimated using fixed effects estimators and cluster robust standard errors in Stata 12. Consistent with the development literature, household expenditure appears to be significantly and positively related to changes in gross domestic product (GDP) per capita. However, when the HPI is regressed on GDP per capita, no statistically significant relationshipis observed, even when controlling for a range of other indicators, calling into question the relationship between economic growth and well-being in much of sub-Saharan Africa. This finding suggests that development policies that focus primarily on economic growth as a means to addressing multidimensional deprivation may be misplaced.


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