scholarly journals The Change of Sources of Growth and Sustainable Development in China: Based on the Extended EKC Explanation

2021 ◽  
Vol 13 (5) ◽  
pp. 2803
Author(s):  
Huaide Wen ◽  
Jun Dai
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Environmental Pollution ◽  
Knowledge Economy ◽  
Technological Progress ◽  
Inflection Point ◽  
Physical Capital ◽  
Production Factors ◽  
Main Production ◽  
Traditional Economy

This paper extends the “sources of growth” explanation for the Environmental Kuznets Curve (EKC) proposed by Copeland and Taylor in a concise theoretical framework, that is, when the sources of growth are transformed from physical capital and labor to human capital and knowledge, the environmental pollution could at first rise and then fall with a sustainable growth in per capita income. Using the provincial panel data from 1995 to 2017 in the mainland of China, an empirical analysis is carried out by the System Generalized Method of Moment (sys-GMM). The results show that: first, the EKC hypothesis exists in China. The inflection point for SO2 emissions has been passed in all of the provincial regions, and for CO2 and comprehensive environmental pollution losses have not been passed in some regions, but the inflection point from the national average level in China has been passed; second, the main production factors of the traditional economy, physical capital and labor, are positively correlated with environmental pollution, while human capital and green technological progress, the main production factors of the knowledge economy, are negatively related to environmental pollution; third, human capital and green technological progress have become important factors to promote economic growth, and human capital, in particular, has become the primary factor, which indicates that China is in the process of transforming traditional economy into a knowledge economy. The stage of China’s economic development and the trend of environmental pollution is consistent with the extended “sources of growth” explanation for the EKC, which proved the theoretical hypothesis. This has an important practical significance for China’s current economic reform and important theoretical value for the economic transformation and sustainable development of developing countries. The paper finally puts forward corresponding policy recommendations.

Empirical Study on the Correlations of Environmental Pollution, Human Capital, and Economic Growth

2013 ◽  
pp. 128-137 ◽  
Author(s):  
Li Guangming ◽  
An Zhaofeng
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Human Capital ◽  
Empirical Study ◽  
Environmental Pollution ◽  
Capital Accumulation ◽  
Pollutant Emission ◽  
Human Capital Accumulation ◽  
The Individual ◽  
Protection Authority

Based on 1990-2007 data in Guangdong China, this chapter studies the correlation of environmental pollution, human capital, and economic growth. The results show that Guangdong’s economic growth deteriorates the environmental quality. Highly skilled human capital is one of the main engines of the economic growth and the growth promotes the human capital’s accumulation. Upgrading the human capital helps controlling pollutant emission and environmental pollution depresses the human capital accumulation. Furthermore, the authors hope that understanding the individual relationships between environmental pollution and human capital or economic growth will help the environmental protection authority or governments in China to make more effective and efficient regulations or policies to coordinate the country’s sustainable development.

The Factor Productivity in the Pre-crisis Russian Economy

2015 ◽  
Vol 3 (3) ◽  
pp. 19-23 ◽  
Author(s):  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Human Capital ◽  
Labor Productivity ◽  
New Technologies ◽  
Institutional Environment ◽  
General Level ◽  
Factor Productivity ◽  
Russian Economy ◽  
Production Factors ◽  
Main Production ◽  
The Impact

To evaluate the factor productivity in the pre-crisis economy the econometric models were built. From the general level determination of the labor productivity models of 77.8%, the share of capital is 67%, the share of human capital — 8.4%, the share of new technologies — 1.4%. Effect of changes in the level of human capital on productivity surpasses the effect of changes in capital and the degree of diffusion of new technologies. In the pre-crisis period, the influence of the main production factors on the labor productivity was significantly decreased. The new tecnology have ceased to influence on productivity in general. The recession factor productivity in the country in the period 2010- 2013 may due to the formation under the impact of the adopted laws for the economic growth adverse institutional environment.

Construction of the Circulation in the Economy Type City - Take Zhengzhou as an Example

2012 ◽  
Vol 573-574 ◽  
pp. 675-678
Author(s):  
Ai Shui Yu
Keyword(s):  
Sustainable Development ◽  
Environmental Pollution ◽  
The Face ◽  
Traditional Economy ◽  
Day By Day

In the face of resource consuming rapidly and serious environmental pollution day by day caused by traditional economy, developing circulation economy has already become the request for development of era. Complying with the request for sustainable development, circulation economy is a kind of ecological economy in essence. This article takes Zhengzhou as an example .On the basis of analysing the intension of circulation economy, the article points out how to structure economic circulation city, and has spied and analysed the connection between circulation economy and sustainable development.

scholarly journals The Relationship between Human Capital and Economic Growth: Cases of BRICS Countries and Turkey

2014 ◽  
Author(s):  
Harun Bal ◽  
Neşe Algan ◽  
Müge Manga ◽  
Ediz Kandır
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Panel Data Analysis ◽  
Physical Capital ◽  
Correlation Relationship ◽  
Brics Countries ◽  
Production Factors ◽  
Long Run ◽  
The Relationship ◽  
Econometric Technique

Endogenous growth theories have implied that human capital is an important factor that determines economic growth. This implication has revealed the need for policies that involving human capital as well as classical production factors. This means, physical capital is not enough alone for economic growth. This study aims to analyze the causality between human capital and economic growth in Turkey and BRICS countries. To this aim, by using Panel Data Analysis, which is an important econometric technique, the degree of the relationship between growth and human capital, in the long run, between the years 1995-2011 is analyzed. As a consequence of the analysis we expect to conclusion that there’s a positive and the high correlation relationship between human capital and economic growth. In our analysis, we obtained the result that, there’s a long-run relationship between human capital and economics growth in BRICS countries and Turkey. In this context, we came to the conclusion that human capital is an important factor that stimulate economic growth.

scholarly journals Problems and prospects of the "New Economy" as an institutional basis of international business in the conditions of globalization

2020 ◽  
pp. 33-36
Author(s):  
Yuliia PRODIUS ◽  
Kateryna LYKHASHCHENKO ◽  
Hanna SHARKOVA
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Knowledge Economy ◽  
Technological Progress ◽  
New Economy ◽  
Economic Life ◽  
Advantages And Disadvantages ◽  
Advanced Technologies ◽  
Innovative Management ◽  
Post Industrial

Introduction. The emergence of the term "New Economy" is associated with the development of modern electronic information technology, the formation of the information system of the Internet. The new economy is a systemic phenomenon that is gradually formed within the post-industrial period of economic development through the introduction of scientific and technological progress and innovative management methods, intellectualization of human capital, the use of advanced technologies and scientific and economic sectors of the national economy. The new economy is formed on the basis of the intellectualization of production and all economic life. The purpose of the paper is the identification and study of the term “New Economy”, analysis of its advantages and disadvantages. Consideration of characteristics and priority directions in development, identification of the basis of the new economy. Describe the benefits of the new economy. Result. The main characteristics of the new economy are knowledge. They are considered as a productive factor and a strategic resource. In a “new economy” a product is produced, wealth is the result of the application of knowledge, which is both a resource used to create goods and services, and an element of infrastructure. The new economy is a systemic phenomenon that is gradually formed within the post-industrial period of economic development through the introduction of scientific and technological progress and innovative management methods, intellectualization of human capital, the use of advanced technologies and knowledge-intensive industries. Conclusion. The above features allow us to define the "New Economy" as a process of formation and development of the world economy, which is global in nature, subject to social progress and economic growth is achieved using a new factor of production – constantly updated knowledge (“knowledge economy”) includes the "knowledge economy" of its mechanism of knowledge production, infrastructure and resource potential.

The Influence of the Factors of Production on Labor Income in the Pre-crisis Economy of Russia

2015 ◽  
Vol 3 (3) ◽  
pp. 9-13 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy ◽  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
New Technologies ◽  
Institutional Environment ◽  
Econometric Models ◽  
Labor Income ◽  
Production Factors ◽  
Main Production ◽  
Basic Production ◽  
The Impact

The econometric models constructed in work have established the basic production factors determining the level of the labor income in the country. Capital-labor, human capital and new technologies in 2010-2013 explained 71.6% of the labor income in the country. The effect of changes in the level of human capital on labor income surpasses the impact of changes and the degree of capital-diffusion of new technologies. In the pre-crisis period, the influence of the main production factors on the income of the employed population of Russia has declined under the influence of pass laws that formed unfavorable for economic development institutional environment.

Bridging Household Income Gap: Malaysia

2021 ◽  
Vol 6 (2) ◽  
pp. 9
Author(s):  
Mohammad Zuhairie Zainudin ◽  
Ong Hway-Boon ◽  
Chong Choy-Yoke
Keyword(s):  
Human Capital ◽  
Household Income ◽  
Technological Progress ◽  
Panel Cointegration ◽  
Physical Capital ◽  
Least Square ◽  
Causality Analysis ◽  
Income Gap ◽  
Long Run ◽  
Short Run

The purpose of this paper is to examine the long run and the short run relationship between household income gap, physical capital, human capital, and technological progress in Malaysia. Based on the Solow's growth model, this study applied the panel cointegration estimation of the full modified ordinary least square (FMOLS), as well as the Granger causality analysis. The result showed that there is a short run and long run relationship running from physical capital, human capital, technological progress towards the income gap of M40 and B40 groups of households. This study is unique because it addresses the income gap between a group of households of the bottom 40% and middle 40% across all states in Malaysia.

scholarly journals Recent growth experiences of Asian tigers: where does India stand?

2015 ◽  
Vol 42 (2) ◽  
pp. 143-162 ◽  
Author(s):  
Rashmi Umesh Arora ◽  
Shyama Ratnasiri
Keyword(s):  
Human Capital ◽  
Knowledge Economy ◽  
Role Model ◽  
Labour Productivity ◽  
National Level ◽  
High Growth ◽  
Physical Capital ◽  
Content Type ◽  
Catching Up ◽  
Asian Tigers

Purpose – The four Asian tigers, Hong Kong, Singapore, South Korea and Taiwan (also called Four Dragons) experienced miraculous high growth rates in the pre-1990s period and rapidly transformed their economic status from less developed “basket cases” to developed high-income countries gaining entry to the rich OECD club of countries. These countries even in the post-1990s, barring few years, have continued to grow further and are an inspiring role model for the newly emerging economies. The purpose of this paper is to adduce certain trends in these countries since the 1990s and specifically examine role of human capital and knowledge building, productivity convergence and intra-regional trade in the Asian tigers’. The authors examine these in the context of India. Design/methodology/approach – The paper in a simple descriptive yet analytical approach explores the relevance of above factors in the Indian context. Findings – The study observed that India ranks far below the Asian tigers in the knowledge economy index (KEI). The results at the sub-national level showed large disparities across the states in knowledge economy reflecting country’s difficulties in catching up with other countries overall. Regarding labour productivity, the results show that India was moving away from the benchmark country until 1990 (pre-reform period) and started catching up particularly due to physical capital (not necessarily human capital) since 1995 onwards. Originality/value – The study is unique due to several reasons. First, it contributes to the literature examining contemporaneous Asian tigers and Indian economies performance as not many studies exist in this area. Second, the study also builds a unique first ever KEI at the sub-national level for India and is, therefore, a contribution in this respect. Finally, the study also contributes to the literature on Indian economic development.

scholarly journals Green Technological Progress and the Backwardness Advantage of Green Development: Taking the Sustainable Development Strategy of Central and Western China as an Example

2021 ◽  
Vol 13 (14) ◽  
pp. 7567
Author(s):  
Huaide Wen ◽  
Jun Dai
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Panel Data ◽  
Technological Progress ◽  
Generalized Method Of Moments ◽  
Western China ◽  
Eastern Region ◽  
Green Development ◽  
Green Gdp ◽  
Per Capita

It is generally believed that research and development on green technology are difficult, but this paper finds that the gap in green technological progress between the central and western regions and the eastern region in China is significantly smaller than the gap in technological progress, and the per capita green GDP of the central and western regions caught up with the eastern region significantly faster than the per capita GDP. This paper proposes that the comparative advantage of human capital level in the central and western regions is the reason why these regions choose the direction of green technological progress, and the choice of the direction of green technological progress in the central and western regions may further bring about the backwardness advantages of green development in these regions. Through the system generalized method of moments (sys-GMM) estimation, empirical research using panel data from 29 provinces as well as the regional panel data in the mainland of China from 1995 to 2017 proved the above proposition. Specifically, due to the comparative advantages of human capital level, the central and western regions have chosen the direction of green technological progress; further, the central and western regions will obtain greater benefits of green GDP growth from the green technological progress, that is, the green technological progress enables these regions’ backwardness to take advantage from green development. This is a useful supplement to the theory of sustainable development and the theory of backwardness advantage.

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