scholarly journals Promotion of Innovation and S&T: The Role of Finance

2016 ◽  
Vol 21 (Special Edition) ◽  
pp. 313-330
Author(s):  
Saeed Ahmed ◽  
Mahmood ul Hasan Khan
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Empirical Studies ◽  
Vital Role ◽  
High Tech ◽  
Access To Finance ◽  
Policy Initiatives ◽  
Bank Financing ◽  
Sustainable Economic Growth

Promotion of innovation and S&T enables economies to achieve sustainable economic growth. In addition, firms engaged in medium- to high-tech production tend to gain more from innovation and are, on average, more productive compared to enterprises which are limited to low-tech systems. Innovation is, in turn, inextricably linked to the availability and nature of financing. Empirical studies in developing countries reveal that bank financing and FDI can play a vital role in this regard. This paper provides an overview of: (a) the role of financing in facilitating innovation and S&T; (b) State Bank of Pakistan’s policy initiatives to make financing available, both in general, and also to specifically facilitate innovation and S&T in the country; and (c) the role of innovations in expanding access to finance in Pakistan.

Property Rights, Law, and Economic Development

2013 ◽  
Vol 6 (1) ◽  
Author(s):  
Guangdong Xu
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Property Rights ◽  
Economic Performance ◽  
Private Ownership ◽  
Performance Property ◽  
Role Of The State ◽  
Sustainable Economic Growth ◽  
The Relationship

AbstractThis article explores the relationship between property rights and economic performance. Property rights, or more precisely, formal, individualized property rights, have long been regarded as the fundamental precondition for sustainable economic growth. However, the available empirical evidence shows that formal private ownership fails to bring about desirable economic outcomes in most developing countries despite the advantages claimed by numerous economists and lawyers. This puzzle can be addressed by taking into consideration such factors as the functioning of related markets, the influence of social norms, and the role of the state.

scholarly journals The Strategic Importance of Entrepreneurship as a mechanism for Sustainable Economic Growth in Nigeria

2021 ◽  
Vol 29 (2) ◽  
pp. 90-105
Author(s):  
Prince Adesanya Abel Segun ◽  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Rural Areas ◽  
Social Science Research ◽  
Science Research ◽  
The United States ◽  
Business Environment ◽  
Vital Role ◽  
Entrepreneurship Development ◽  
Sustainable Economic Growth

The focus of this paper is on the importance of entrepreneurship as a mechanism for sustainable economic growth in Nigeria considering the experiences of developed nations like the United States, Europe, India, and China. Entrepreneurship has been instrumental in economic growth, balanced regional development, and job creation in most dynamic economies, where technology is changing at a faster rate and the product lifetime cycle is shrinking. Research in entrepreneurship development indicates that there is a lack of a theoretical model to examine rural entrepreneurship development particularly in the developing countries. The methodology adopted in this paper is the narrative – textual case study (NTCS); it is a social science research method that relies on the information and data from several sources for problem-solving. It is undeniable fact that entrepreneurship development plays a vital role in economic development of any nation including the developing countries like Nigeria. However, despite this, most entrepreneurial policies and programs seems to favour the urban cities except recently when efforts are geared towards the rural areas. Thus, this paper examines the role of entrepreneurship in the development of the rural areas in the developing economy. The study reveals that the right business environment for entrepreneurship is lacking in Nigeria on account of bad and inadequate infrastructural facilities, political instability, terrorism, multiple taxes, all stand as barriers to entrepreneurship and economic growth. The paper concludes that government should focus on adequate security, improve infrastructural facilities and enabling environment that will lead to economic growth.

scholarly journals Investigating the effects of environmental patents and climate change mitigation technologies on sustainable economic growth in the Middle East

2021 ◽  
Author(s):  
Sadegh Abedi ◽  
Mehrnaz Moeenian
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Middle East ◽  
Climate Change Mitigation ◽  
Developed Countries ◽  
Factors Affecting ◽  
Middle East Countries ◽  
Sustainable Economic Growth ◽  
Change Mitigation

Abstract Sustainable economic growth and identifying factors affecting it are among the important issues which have always received attention from researchers of different countries. Accordingly, one of the factors affecting economic growth, which has received attention from researchers in the developed countries over recent years, is the issue of environmental technologies that enter the economic cycle of other countries after being patented through technology transfer. The current research investigated the role of the environment-related patents and the effects of the patented technological innovations compatible with climate change mitigation on the economic growth and development in the Middle East countries within a specific time period. The required data were gathered from the valid global databases, including Organization for Economic Co-operation and Development and World Bank and have been analyzed using multi-linear regression methods and econometric models with Eviews 10 software. The obtained results with 95% confidence level show that the environmental patents (β = 0.02) and environment management (β = 0.04) and technologies related to the climate change mitigation (β = 0.02) have a significant positive impact on the sustainable economic development and growth rate in the studied countries. Such a study helps innovators and policymakers in policy decisions related to sustainable development programs from the perspective of environmentally friendly technologies by demonstrating the role of patents in three important environmental areas, namely environmental management, water-related adaptation and climate change mitigation, as one of the factors influencing sustainable economic growth.

scholarly journals Unleashing The Growth Potential Of Indian MSME Sector

2017 ◽  
Vol 20 (2) ◽  
pp. 35-52 ◽  
Author(s):  
Sumanjeet Singh ◽  
Minakshi Paliwal
Keyword(s):  
Economic Growth ◽  
Economic Structure ◽  
Total Export ◽  
Growth Potential ◽  
High Tech ◽  
Policy Measures ◽  
The Government ◽  
Future Growth ◽  
Innovation And Entrepreneurship

The MSME sector occupies a position of strategic significance in the Indian economic structure. This sector contributes nearly eight per cent to country’s GDP, employing over 80 million people in nearly 36 million widely-dispersed enterprises across the country; accounting for 45 per cent of manufactured output, 40 per cent of the country’s total export, and producing more than 8000 valueadded products ranging from traditional to high-tech. Furthermore, these enterprises are the nurseries for innovation and entrepreneurship, which will be key to the future growth of India. It is also an acknowledged fact that this sector can help realise the target of the proposed National Manufacturing Policy to enhance the share of manufacturing in GDP to 25 per cent and to create 100 million jobs by the end of 2022, as well as to foster growth and take India from its present two trillion dollar economy to a 20 trillion dollar economy. Despite the sector’s high enthusiasm and inherent capabilities to grow, its growth story still faces a number of challenges. In this light, the present paper examines the role of Indian MSMEs in India’s economic growth and explores various problems faced by the sector. The paper also attempts to discuss various policy measures undertaken by the Government to strengthen Indian MSMEs. Finally, the paper proposes strategies aimed at strengthening the sector to enable it to unleash its growth potential and help make India a 20 trillion dollar economy.

scholarly journals Political Stability and Security Status

2019 ◽  
Vol 3 (1) ◽  
pp. 11-13
Author(s):  
Ribaz Chato Biro
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Direct Investment ◽  
Political Stability ◽  
Kurdistan Region ◽  
Economic Sectors ◽  
Autonomous Region ◽  
Economic Progress ◽  
New Destination

Political stability and security have become important factors of sustainable economic progress for the developing countries, especially states with the experience of war and instability. Kurdistan Region of Iraq (KRI) as a semi-autonomous region tried to improve the level of political stability and security status, to gain more foreign direct investment (FDI) and economic growth. Consequently, KRI has become the safest region in Iraq and enjoyed political stability and safety. Therefore, during the last decade, KRI has occurred as a new destination of FDI in the Middle East and has received notable progress in most of the economic sectors. The aim of this study is to evaluate the role of political stability and security status on the FDI attractions and their consequences on economic development. However, it will investigate the factors that make the KRI safer than the rest of Iraq.

scholarly journals INVESTASI ASING LANGSUNG DAN PERTUMBUHAN EKONOMI DI WILAYAH ASEAN PERIODE 2004-2016

2019 ◽  
Vol 23 (2) ◽  
pp. 57-66
Author(s):  
Aditya Febriananta Putra ◽  
Suyanto . ◽  
Irzameingindra Putri Radjamin
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Foreign Direct Investment ◽  
Significant Role ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Accelerate Development ◽  
Fixed Capital Formation

Exertions to accelerate development carried out by developing countries in general are oriented towards improving or improving people’s lives. Developing countries are characterized as countries that lack capital, savings and investment. The role of Labor has a significant effect but has a negative impact on economic growth. Agriculture and Service also performance a significant role, despite having a positive impact on economic growth. While other variables, namely Fixed Capital Formation, Foreign Direct Investment, Export, Manufacture, and Fertility showed insignificant results on economic growth.

scholarly journals Islamic Bank Financing and Its Effects on Economic Growth: A Cross Province Analysis

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Muhammad Anif Afandi ◽  
Muhammad Amin
Keyword(s):  
Economic Growth ◽  
Fixed Effects ◽  
Islamic Banking ◽  
Fixed Effects Model ◽  
Islamic Bank ◽  
Bank Financing ◽  
Panel Data Regression ◽  
Data Regression ◽  
Almost All

Islamic banking industry shows a reasonably good development, one of which is marked by an increase in service coverage in almost all provinces in Indonesia. However, the question is how far Islamic banking capable of contributing to the improvement of Indonesia's economic growth? The purpose of this research is to examine the role of Islamic banking in promoting inclusive economic growth with a sample of 33 provinces in Indonesia. The method used in this research is panel data regression using the fixed effects model. The results show that Islamic bank financing does not have an impact on Indonesia's economic growth. In other words, the results of the research provide information that the existence of Islamic banking in Indonesia has not yet give a significant impact on the welfare of Indonesian society

scholarly journals Research on strategic emerging industries boosting high quality economic

2021 ◽  
Vol 235 ◽  
pp. 02011
Author(s):  
He Jiang ◽  
Yonghui Cao
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Industrial Structure ◽  
Decisive Role ◽  
High Quality ◽  
Emerging Industries ◽  
National Economic ◽  
Countermeasures And Suggestions ◽  
Sustainable Economic Growth

With the development of knowledge economy and the advancement of economic globalization, strategic emerging industries have become the leading industries for a country or region to achieve sustainable economic growth in the future. They are the high integration of emerging technologies and emerging industries, and the driving force of national economic growth. They play an important guiding and decisive role in the national economic growth and the transformation and upgrading of industrial structure. In recent years, China’s strategic emerging industries continue to grow rapidly, and have made remarkable achievements in innovation and development, which play an important role in the national economic growth and the transformation and upgrading of industrial structure, but there are also shortcomings. Based on the current situation of the development of strategic emerging industries, this paper analyzes the role of strategic emerging industries in economic development, and puts forward countermeasures and suggestions for strategic emerging industries to boost high-quality economic development.

scholarly journals On Nonlinear Relationship between Inflation and Economic Growth: A Study of ASEAN-5 Countries Period 2000–2016

2018 ◽  
Vol 63 (1) ◽  
pp. 1
Author(s):  
Ambar Galih ◽  
Sugiharso Safuan
Keyword(s):  
Economic Growth ◽  
Negative Correlation ◽  
Vector Autoregression ◽  
Empirical Studies ◽  
Vital Role ◽  
Nonlinear Relationship ◽  
Vector Autoregression Model ◽  
Autoregression Model

Money (inflation) has played a vital role in economic growth. However, the nexus between them has always drawn mesmerizing debates. From the thoughts of Classical and Keynes which argued the existence of money neutrality, to the level of empirical studies which find either positive or negative correlation between inflation and economic growth. Recent studies concerning the debatable relationship have evolved it into a hypothesis whether the relation is nonlinear with a threshold or a point where the link switches. This study aims to re-examine the causality between inflation and economic growth in ASEAN-5 countries period 2000Q1–2016Q4. The results based on Threshold Vector Autoregression model indicate the presence of a nonlinear relationship between the two variables.

International Agricultural Trade Reform and Developing Countries: The Case of the European Community

1998 ◽  
Vol 47 (3) ◽  
pp. 632-646
Author(s):  
Joseph A. McMahon
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Performance ◽  
Agricultural Policy ◽  
Poverty Alleviation ◽  
Agricultural Sector ◽  
Agricultural Trade ◽  
Trade Reform ◽  
Food Imports ◽  
Sustainable Economic Growth

We are all aware that agriculture is important to developing countries as a source of income, employment and export earnings. To a far greater extent than in the OECD countries, agriculture it central to the economic performance of developing countries and the livelihood of their inhabitants. Rural societies in developing countries are directly dependent on the agricultural sector and urban dwellers rely on agriculture to provide food security and sustainable economic growth. Furthermore, many developing countries heavily rely on the export earnings or are highly dependent on food imports. Given the fact that the poorest and most threatened communities and countries are typically the most highly dependent, the resolution of pressing global agricultural policy and trade issues is critical to sustainable development and poverty alleviation.

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