The Effect of Regulatory Performance on Economic Growth

2020 ◽  
Vol 11 (1) ◽  
pp. 142-142
Author(s):  
Nur Hayati Abd Rahman ◽  
Shafinar Ismail ◽  
Eeng Ahman ◽  
Aas Nurasyiah ◽  
Neni Sri Wulandari
Keyword(s):  
Economic Growth ◽  
World Bank Group ◽  
Contributing Factors ◽  
Middle Income ◽  
Start Up ◽  
Growth System ◽  
Middle Income Trap ◽  
Bank Group ◽  
Regulatory Performance

The World Bank Group (2018b) announced that the upper-middle-income economies (UMIE) tend to fall into a middle-income trap position for a long period. This usually happens when countries are not progressing economically at a promising rate and are unable to catch up with the developmental pace of high-income economies (HIE). One of the main contributing factors to this situation is the weak regulatory performance of these countries. Since the regulatory environment in these countries were far from conducive, businesses were reluctant to start up or even operate there. When this happens, UMIE will find it even more difficult to move up from their current economic level as most investors would already be disinterested to invest in a country whose economy is stagnated¬¬¬. Based on these arguments, regulatory performance is considered as one of the most vital factors that determine the financial progression and stability of a nation. Nevertheless, this variable is often overlooked in previous economic growth literature. Hence, this study aims to examine the important role of regulatory performance in accelerating the economic growth of 30 upper-middle-income economies countries within the timeframe of 2000 to 2018. Keywords: middle-income trap, upper-middle-income economies, regulatory performance, economic growth, system GMM

Developing an economy based on knowledge and innovation in the context of the middle income trap

2015 ◽  
Vol 60 (10) ◽  
pp. 56-74
Author(s):  
Paweł Wieczorek
Keyword(s):  
Economic Growth ◽  
New Technologies ◽  
Current Model ◽  
Growth Theory ◽  
Labor Costs ◽  
Average Income ◽  
Middle Income ◽  
Endogenous Growth Theory ◽  
Middle Income Trap

The article is a contribution to the discussion on the necessity to change the current model of economic growth of Poland for model of economy based on knowledge and innovation. In this way, our country will be able to overcome the threats that might push the economy into the trap of the average income, expressed in long-term slowdown in GDP growth. The endogenous growth theory, formed after 1989 and characterized by duplication of Western technology, enabled relatively rapid growth by over 20 years. Currently, Poland to ensure an economic growth is facing the need for innovative technologies and innovation. Risks associated with middle income trap are very real because of the disappearance of comparative advantage, which results from relatively low labor costs. The creation in Poland conditions to accelerate economic growth requires action to increase the propensity of entrepreneurs to reach for new technologies and innovation and attractive market offer from the national centers for research and development.

scholarly journals Dynamic Causality Among FDI, Economic Growth and CO2 Emissions in India With Open Markets and Technology Gap

2020 ◽  
Vol 11 (3) ◽  
pp. 15-31 ◽  
Author(s):  
Ritu Rana ◽  
Manoj Sharma
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Trade Openness ◽  
World Bank Group ◽  
Pollution Haven Hypothesis ◽  
Technology Gap ◽  
Development Indicators ◽  
Pollution Haven ◽  
Bank Group

This study examines the causality relationships between FDI, economic growth (in terms of GDP) and the natural environment, in terms of CO2 emissions and energy consumption, along with two more variables of interest i.e., trade openness and technology gap in the context of India. The data used in the study is obtained from World Development Indicators (WDI) of the World Bank Group for the period 1980 to 2014. The study employed the dynamic multivariate Toda-Yamamoto (TY) approach that uses the modified Wald (MWALD) test. The results show that FDI is neither causing economic growth nor is it bridging the technology gap directly in India. The results also indicate the existence of a Pollution Haven Hypothesis in India as the FDI is causing environmental degradation, i.e. CO2 emissions and energy consumption. Also, FDI is, though not causing GDP directly, but is doing so indirectly through CO2 emissions validating the existence of Pollution Haven Hypothesis. FDI is causing trade openness in India, but that openness is again causing more FDI which is doing no good for India.

scholarly journals Development of Sharing Economy and its Impact on Economic Growth

2021 ◽  
Vol 18 (1) ◽  
pp. 56-68
Author(s):  
D.V. Valko ◽  
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Sharing Economy ◽  
Public Welfare ◽  
World Bank Group ◽  
General Welfare ◽  
The World ◽  
Expert Assessments ◽  
Bank Group ◽  
The Impact

This paper explores the potential of the sharing economy and the impact of current transformations in the sphere of shared consumption on economic growth and general welfare. The aim of the paper is to test the hypothesis about the possible negative impact of the sharing economy on economic growth and public welfare despite the growth in individual welfare. The study relies on the theory of economic growth, empirical evidence and expert assessments of the impact of the sharing economy on public welfare and economic growth. Expert and statistical data from the World Bank Group, World Economic Forum, RAEC, RBC, etc. on the development of this sector in Russia and in the world are cited; individual cases and examples are discussed. The conclusion is made that the prospects of development of the sharing economy and its impact on economic development, growth and general welfare significantly depend on the effectiveness of local regulation. The traditional methodology of economic growth accounting related to the ownership of newly created value should be reconsidered. This paper may be useful for further research on the sharing economy and public welfare in the digital and circular economy.

scholarly journals An Overview of the Relationship between Psychological Capital and Entrepreneurial Orientation of Startup Companies

2020 ◽  
Vol 36 (1) ◽  
Author(s):  
Nguyen Le Dinh Quy
Keyword(s):  
Economic Growth ◽  
Labor Productivity ◽  
Psychological Capital ◽  
Economic Growth Model ◽  
Start Up ◽  
Solid Foundation ◽  
Intermediary Role ◽  
The Relationship ◽  
Crucial Part

Start-up is a driving force to promote technological innovation, create new jobs, and support economic growth. Throughout the ongoing progress of developing Vietnam’s economic growth model, the start-up and improving labor productivity issues have been playing an increasingly crucial part. In this study, the authors examined the relationship between psychological capital and business orientation of start-up companies to provide a model for optimal utilization of these companies’ resources. It has been observed that the intermediary role of employee’s engagement in the relationship between psychological capital and organizational commitment within the companies is genuinely crucial and that effective and systematic psychological capital intervention will provide a solid foundation for the improvement of labor productivity.

scholarly journals The Role of Entrepreneurship Activity in Economic Development

2021 ◽  
Author(s):  
Rashmi Jaymin Sanchaniya ◽  
◽  
Ineta Geipele ◽  
Keyword(s):  
Economic Growth ◽  
World Economic Forum ◽  
Middle Income ◽  
Economic Progress ◽  
The World Bank ◽  
The World ◽  
World Economic ◽  
General Expectation ◽  
Different Levels

The paper presents a summary of the literature on the significance and importance of entrepreneurship to economic growth and development. Entrepreneurship has been shown to have been seen to lead to an overall optimistic development in many economic data. There is a general expectation that this inquiry would address the question of whether there is a correlation between the entrepreneurial enterprise and economic growth. In countries with various economic groups, different citizens are classed due to how much wealth they have. The data used in this paper were extracted from the World Bank, the World Entrepreneurship Monitor (WEM) over the last five years, and the World Economic Forum has a Database of Worldwide businesses. However, in low-middle- and middle-income nations, growth-oriented entrepreneurship is associated with economic progress. Analysis of various countries and different levels of economic growth, so it can be claimed that entrepreneurship serves a special position.

POPULATION AGING, MIDDLE-INCOME TRAP, AND ECONOMIC GROWTH: AN EMPIRICAL STUDY OF ASIAN ECONOMIES

2019 ◽  
pp. 1842009
Author(s):  
JIUN-NAN PAN ◽  
MING-LEI CHANG
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Low Income ◽  
Population Aging ◽  
Negative Influence ◽  
Positive Influence ◽  
Middle Income ◽  
Primary Finding ◽  
Middle Income Trap ◽  
Economic Growth Rates

Population aging and the middle-income trap are serious problems felt worldwide, especially in terms of their powerful influence on economic growth. In order to explore the relationships among population aging, middle-income trap, and economic growth, this study uses a panel data of 27 economies in Asia from 1995 to 2016. The primary finding of this study is that lower-middle-income economies are facing the problem of middle-income trap, indicating that the economic growth rates of lower-middle-income economies are slowing down. In addition, population aging has a statistically significant and negative influence on the growth rate of GDP in the high-income economies, but it has a statistically significant and positive influence on the growth rate of GDP in the low-income and lower-middle-income economies. This study suggests that increasing women’s labor participation, technology innovation, and immigration could solve the problems of population aging and the middle-income trap.

The Role of the World Bank in the World Politics on the Example of Providing Education on the Global Level

2018 ◽  
Vol 3 (1) ◽  
Author(s):  
Natalia BERUASHVILI ◽  
Nika CHITADZE
Keyword(s):  
World Bank ◽  
World Politics ◽  
World Bank Group ◽  
Global Level ◽  
Global Partnership ◽  
The World Bank ◽  
The World ◽  
Education Strategy ◽  
Bank Group

The paper explores the main principles of the World Bank Group functioning on the global level and its role in promoting education in different Regions of the World. Particularly, such various aspects related to education are analyzed as: unequal development of the level of education in different states, which represents one of the key problems for the World Bank; the role of the World Bank in resolving the problems of education, especially in the countries of ‘Global South’; the functions of the Global Partnership for Education (GPE); Collaboration between World Bank Group and GPE; World Bank Education Strategy 2020; Innovations, which have been introduced by the World Bank in the system of education, etc. 

Sign in / Sign up

Export Citation Format

Share Document