scholarly journals Do City Honors Increase Tourism Economic Growth? A Quasi-Natural Experimental Research Study Based on “Civilized City” Selection in China

2021 ◽  
Vol 13 (22) ◽  
pp. 12545
Author(s):  
Qiao Chen ◽  
Yan Mao
Keyword(s):  
Economic Growth ◽  
Evaluation System ◽  
Natural Experiment ◽  
Research Study ◽  
Empirical Support ◽  
Growth And Yield ◽  
Institutional Supply ◽  
Tourism Economy ◽  
The Impact ◽  
New Evidence

“Civilized City” is the highest honor in China’s urban evaluation system. This research used a quasi-natural experiment approach to evaluate how the “Civilized City” designation influence tourism economic growth. The results showed that: (1) “Civilized City” selection promotes the growth of the tourism economy, and its impact on tourism income is greater than on the number of tourists. The “Civilized City” award is more conducive to the growth of the tourism economy than other city honors; (2) the “Civilized City” honor promotes institutional supply and adjusts the allocation of capital and labor, thereby promoting the growth of the tourism economy; and (3) the analysis showed that the impact of the “Civilized City” honor on a city’s tourism economy varies according to region, administrative level, and population size. The results of this research provide empirical support that city honors boost tourism economy growth and yield new evidence for cities to promote tourism development through awards and accreditations.

Effects of zakat on the economic growth in selected Islamic countries: empirical evidence

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Khoutem Ben Jedidia ◽  
khouloud Guerbouj
Keyword(s):  
Economic Growth ◽  
Growth Factor ◽  
Panel Data ◽  
Aggregate Demand ◽  
Empirical Support ◽  
Dynamic Panel Data ◽  
Content Type ◽  
Muslim Countries ◽  
The Government ◽  
The Impact

Purpose This study aims to examine the impact of zakat on the economic growth for a sample of Muslim countries. As a matter of fact, Zakat is a religious tax on wealth paid annually to specified recipients. As it leads to income redistribution and increases the aggregate demand, zakat can be a growth factor in the Islamic framework. Design/methodology/approach This paper is based on a dynamic panel data model for the purpose of investigating the role of zakat in the economic growth for a sample of eight Muslim countries during the period ranging from 2004 to 2017. The general method of moments is applied. Findings The findings provide evidence that zakat stimulates the country’s growth. Indeed, as zakat funds are directed to increase consumption, investment or government expenditure, they spur on the economic growth. Moreover, the authors come to the conclusion that more trade openness allows an increase in the real gross domestic product (GDP) per capita. However, the broad money to GDP and population growth rate seem insignificantly associated with the economic growth for the sample considered. Practical implications The findings have substantial implications for the economic policy in Muslim countries. Authorities may further rely on zakat to boost the economic growth. First, it is essential to improve the muzakki’s knowledge on zakat to increase their intention, and so their ability and willingness to pay zakat. Second, the government intervention in both zakat collect and distribution becomes mandatory. Therefore, the contribution of zakat to the economic growth will be higher. This requires better-quality services of zakat institutions. Originality/value A few studies have empirically looked into the impact of zakat on the economic growth, especially for panel data. Hence, the present study tries to enrich the literature on this topic. It creates significant evidence regarding the relevance of zakat in Muslim countries. The findings provide empirical support that zakat is an additional growth factor in the Islamic framework.

scholarly journals The Impact of COVID – 19 on Pakistan’s Export Oriented Economic Growth

2021 ◽  
Author(s):  
Nawaz Hina ◽  
Nabyonga Barbra ◽  
Nawaz Hassan
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Research Study ◽  
Analysis Technique ◽  
Quantitative Data Analysis ◽  
Descriptive Approach ◽  
Mixed Approach ◽  
The Impact ◽  
Harmful Effects ◽  
Human Tragedy

This study focuses on the Impact of COVID-19 on export-oriented economic growths of countries. We had tried to get the adjacent picture of the main affected areas of the world and their effects on economic growth. Pakistan also faced the harmful effects of this pandemic. The situation got worst when it was controlled with lockdown policies. It destabilized the vulnerable economy and economy shrinks down due to COVID-19. A mixed approach was conducted for this research study. As I have to see that to what degree the pandemic has affected the Pakistan’s economy and economic growth. The research aims to discover the impacts of COVID-19 on the export-oriented economic growth of Pakistan. The research methodology is based on a descriptive approach and a quantitative data analysis technique will be used to analyze the data. Other than human tragedy, the COVID – 19 has been an unpredicted shock for world economy Global Output estimated by IMF fallen by 3.5% in 2020 and all developed, undeveloped and under developing countries are hit by this wave hardly.

scholarly journals Funders in Europe and incentivizing Open Science

2019 ◽  
Author(s):  
Vanessa Proudman ◽  
Jon Øygarden Flæten ◽  
Konstantinos Glinos ◽  
Robert Terry
Keyword(s):  
Open Access ◽  
Evaluation System ◽  
Research Study ◽  
Research Evaluation ◽  
Intrinsic Value ◽  
Open Science ◽  
World Health ◽  
Funding Agencies ◽  
Scholarly Communications ◽  
The Impact

Funders across Europe are using scholarly communications to increase the impact of their grant results, thereby incentivizing researchers to share their research more openly. This panel session will start by describing the results of a research study called the RIF Project that gleans insights into the policy, rewards and incentives being employed by European research funders to encourage open access to publications and research data for the research they fund. The panel will then respond to the findings and will present and share experience on their policies. Funders across Europe are using scholarly communications to increase the impact of their grant results. More than 60 funders responded to a survey that was conducted in early Spring 2019 coming from key international funding bodies, national funding agencies, major charities and foundations, and national academies; from over 25 countries. The study was led by SPARC Europe in consultation with Science Europe, ALLEA and the EFC. Research Consulting conducted the research. The survey is the first of its kind, since it includes national funding agencies, academies, foundations and charities in Europe. What kinds of policy choices have funders made to influence how grantees increase open access to their research results with as few restrictions as possible? How can funders contribute to changing the research evaluation system by exploring ways to evaluate the intrinsic value of research beyond the impact factor for example, by promoting, and considering a wider range of types of research when evaluating grants? How are funders contributing to the investment in open, be it through financing OA journal articles and other material, and supporting infrastructure? The session will provide answers to these questions and will also raise awareness of the areas where funders can do more to strengthen their Open Science policies. Vanessa Proudman (SPARC Europe) will report on the results of the above-mentioned research study. Jon Øygarden Flæten (The Research Council of Norway), Konstantinos Glinos (The European Commission) and Robert Terry (World Health Organization and the Special Programme for Research and Training in Tropical Diseases) will present the views of their funder organizations.

scholarly journals Government expenditure and economic growth in the European Union countries: New evidence

2017 ◽  
Vol 36 (36) ◽  
pp. 127-133 ◽  
Author(s):  
Marta Pascual Sáez ◽  
Santiago Álvarez-García ◽  
Daniela Castañeda Rodríguez
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Government Spending ◽  
Government Expenditure ◽  
The European Union ◽  
The Public ◽  
European Union Countries ◽  
The Impact ◽  
New Evidence ◽  
The Relationship

AbstractThis paper provides new evidence of the impact of government spending on economic growth in the European Union countries. Governments can adjust their levels of spending in order to influence their economies, although the relationship between these variables can be positive or negative, depending on the countries included in the sample, the period of estimation and the variables which reflect the size of the public sector. The results obtained based on regression and panel techniques suggest that government expenditure is not clearly related with economic growth in the European Union countries over the period 1994-2012.

scholarly journals Does Tourism Affect Economic Growth of China? A Panel Granger Causality Approach

2021 ◽  
Vol 13 (3) ◽  
pp. 1349
Author(s):  
Yong Su ◽  
Jacob Cherian ◽  
Muhammad Safdar Sial ◽  
Alina Badulescu ◽  
Phung Anh Thu ◽  
...  
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Empirical Support ◽  
Strong Relationship ◽  
Tourism Industry ◽  
Causality Test ◽  
Data Set ◽  
Economic Development And Growth ◽  
The Impact

The main purpose of the current study is to investigate if tourism affects economic growth of China. The data set has been acquired from the Beijing Municipal Bureau of Statistics, and the time span of the data set takes into account a 20-year time period, from 2000 to 2019. To determine the strength of the above-mentioned relationship previous models that have been used for this research are mainly VAR (vector auto-regression) and VECM (vector error correction) models. The VAR and VECM models have been conducted together with the Granger causality test. The internal revenue generated from tourism-related activities is taken as being the main indicator for the tourism industry, while economic growth is determined by GDP (gross domestic product). We support the above-mentioned notion, as we found that a strong relationship exists between the development of the tourism industry and economic growth. Moreover, our analysis also indicates that this industry has a major impact on long-term economic growth in the region as well. This study thus provides further support to the existing literature on the topic of tourism and the impact that tourism-related activities have upon economic development and growth. The existence and the impact of tourism-related activities upon long-term economic growth were confirmed by the results of the VAR models. At the same time, the unidirectional results of VECM models have confirmed the existence of economic growth in the short term. In our case, the cardinal relationship between the development of the tourism industry and the economic growth in the Beijing region of China have managed to provide strong empirical support to the earlier stated notions and to the literature alike.

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