scholarly journals The Paradoxical Effect of International Funds in Turkey: Dutch Disease

2014 ◽  
Author(s):  
Taner Akçacı ◽  
Aydan Karaata
Keyword(s):  
Industrial Production ◽  
Manufacturing Sector ◽  
Export Performance ◽  
Bootstrap Method ◽  
Dutch Disease ◽  
Fund Flows ◽  
Paradoxical Situation ◽  
Money Flows ◽  
The Republic ◽  
Hot Money

International funds flow freely across the countries both quantitatively and legally as a result of financial liberalization carried out by globalization process and huge amount of money flows into the countries in liberal system. Particularly for developing countries, these fund flows refer as hot money are mentioned frequently with respect of positive and negative signs. High export performance of the Netherlands as a result of discovering large natural gas reserve leads to increase rapidly its own currency. In 1959 when economic indicators getting worse, the reason of crisis appears as decreasing export in consequence of over-valued currency leads to decrease the industrial production. This paradoxical situation is named as “Dutch Disease” in economics literature. The purpose of this study is examining the effect of hot money inflow on the manufacturing sector of Turkey and testing Dutch disease for Turkish economy. In this paper, the monthly data 2006:01-2013:12 from Central Bank of the Republic of Turkey is used. Test results of causality tests that Toda-Yamamoto method (1995) and Hacker-Hatemi-J (2006) bootstrap method approve that there is no causality between portfolio investment and manufacturing industrial production index and also export. The results confirm that portfolio investments do not lead to Dutch disease for Turkey.

Australia—The Hidden Jewel

2018 ◽  
Author(s):  
Mahesh K. Joshi ◽  
J.R. Klein
Keyword(s):  
Natural Resources ◽  
Value Chain ◽  
Global Economy ◽  
Good Governance ◽  
Developing Economies ◽  
Raw Materials ◽  
Manufacturing Sector ◽  
Developed Countries ◽  
The United States ◽  
Dutch Disease

The twenty-first century is being touted as the Asian century. With its stable economy, good governance, education system, and above all the abundant natural resources, will Australia to take its place in the global economy by becoming more entrepreneurial and accelerating its rate of growth, or will it get infected with the so-called Dutch disease? It has been successful in managing trade ties with fast-developing economies like China and India as well as developed countries like the United States. It has participated in the growth of China by providing iron ore and coal. Because it is a low-risk country, it has enabled inflow of large foreign capital investments. A lot will depend on its capability and willingness to invest the capital available in entrepreneurial ventures, its ability to capture the full value chain of natural resources, and to export the finished products instead of raw materials, while building a robust manufacturing sector.

Hybrid Evolutionary Optimization Algorithms

2015 ◽  
pp. 1072-1107
Author(s):  
Pandian Vasant
Keyword(s):  
Objective Function ◽  
Production Planning ◽  
Membership Function ◽  
Industrial Production ◽  
Manufacturing Sector ◽  
Evolutionary Optimization ◽  
Industrial Manufacturing ◽  
Non Linear ◽  
Evolutionary Optimization Algorithms ◽  
S Curve

The novel industrial manufacturing sector inevitably faces problems of uncertainty in various aspects such as raw material availability, human resource availability, processing capability and constraints and limitations imposed by the marketing department. These problems have to be solved by a methodology which takes care of such unexpected information. As the analyst faces this man made chaotic and due to natural disaster problems, the decision maker and the implementer have to work collaboratively with the analyst for taking up a decision on an innovative strategy for implementation. Such complex problems of vagueness and uncertainty can be handled by the hybrid evolutionary intelligence algorithms. In this chapter, a new hybrid evolutionary optimization based methodology using a specific non-linear membership function, named as modified S-curve membership function, is proposed. The modified S-curve membership function is first formulated and its flexibility in taking up vagueness in parameters is established by an analytical approach. This membership function is applied for its useful performance through industrial production problems by employing hybrid evolutionary optimization algorithms. The novelty and the originality of this non-linear S-curve membership function are further established using a real life industrial production planning of an industrial manufacturing sector. The unit produces 8 products using 8 raw materials, mixed in various proportions by 9 different processes under 29 constraints. This complex problem has a cubic non-linear objective function. Comprehensive solutions to a non-linear real world objective function are achieved thus establishing the usefulness of the realistic membership function for decision making in industrial production planning.

Growth Point Problems—the Case of Babelegi, Bophutatswana

1974 ◽  
Vol 12 (1) ◽  
pp. 126-130 ◽  
Author(s):  
Christian M. Rogerson
Keyword(s):  
Manufacturing Sector ◽  
Short Note ◽  
Economic Activities ◽  
Policy Makers ◽  
Growth Point ◽  
The Republic ◽  
Space Economy ◽  
New Geography ◽  
Current Emphasis

Jobs and their location provide the key to an understanding of the contemporary thrust of South Africa's ‘separate development’ policy. Within the country's present space economy, dominated by the four metropolitan complexes of the Southern Transvaal, Cape Town, Durban, and Port Elizabeth, this policy seeks to mould a new geography of employment opportunity for the blacks of South Arica. In this process, public policy-makers are attempting to decentralise some economic activities, particularly in the manufacturing sector, away from the nation's metropolitan hubs, and concomitantly to promote new work centres in, or on the borders of, the designated ‘Bantu Homelands’. The current emphasis in the Republic is upon the generation of industrial employment for Africans at selected sites in these Homelands. This short note explores the immediate problems and long-term prospects of this policy with reference to the Bophutatswana growth point of Babelegi.

scholarly journals Do Sub-Saharan Countries in Africa Have the Dutch Disease?

2018 ◽  
Vol 14 (5) ◽  
pp. 14
Author(s):  
Samuel D. Barrows
Keyword(s):  
Natural Resources ◽  
Disease Diagnosis ◽  
Dutch Disease ◽  
Host Countries ◽  
Individual Country ◽  
The World Bank ◽  
Manufacturing Sectors ◽  
Money Flows ◽  
Study Population ◽  
Sub Saharan

The Sub-Saharan countries in Africa are evaluated to determine if conditions exists to cause some to develop the Dutch disease. Two groups are assembled from the study population: those with natural resources rents under 8% of GDP, and those over. Both groups show tendencies for higher resources rents than the baseline World readings. Both groups also experience decreases in both the agriculture and manufacturing sectors during the study period. In addition, both groups see increases in personal remittances received by the host countries. All of these are ingredients which signal potential Dutch disease. In addition to the two group comparisons, individual country assessments are conducted which identify 13 of the 49 countries, or 26.5%, as having conditions which would support the Dutch disease diagnosis. Measurements for the study are taken from the World Bank databank website and categorized into two sections, economic configuration and money flows, for further focus. The study includes discussions on natural resources development, globalization, institutions, the Dutch disease, remittances, and investments.

Environmental and Economic Sustainability of Regional Development

2020 ◽  
Vol 11 (3) ◽  
pp. 594
Author(s):  
Balhiya Kulmesovna SHOMSHEKOVA ◽  
Saken Ualikhanovich ABDIBEKOV ◽  
Bauyrzhan Susaruly KULBAY ◽  
Aibarshyn Mamlenovna KASENOVA ◽  
Anar Satybaldinovna SADVAKASOVA
Keyword(s):  
Sustainable Development ◽  
Environmental Sustainability ◽  
Industrial Production ◽  
Regional Level ◽  
Economic Sustainability ◽  
Economic Aspects ◽  
Effective Management ◽  
Environmentally Sustainable ◽  
Scientific Justification ◽  
The Republic

In this study, the authors focus on the environmental and economic aspects of sustainable development at the regional level. Theoretical aspects of sustainable development of regions have been described, the main environmental problems giving rise to the formation of proposals for sustainable development have been presented, and the main systems of indicators of environmentally sustainable development have been analyzed. The analysis of the dynamics of the main indicators of the environment state in the Republic of Kazakhstan has been carried out and problems that impede the formation of environmentally sustainable development in the region have been identified. The directions of solving the problems of environmental sustainability of regions have been developed, providing for the construction of an organizational and economic mechanism for environmentally sustainable development, as well as improving several tools for managing sustainability. The authors attempt to fill in the existing gaps based on the materials of Kazakhstan, showing the problems of effective management of environmental sustainability based on the greening of industrial production, introduction of environmental innovations, development of the environmental culture of the population, as well as scientific justification of approaches to assessing regional environmental sustainability.

The Impact of Foreign Direct Investment on Sectoral Adjustment in the Irish Economy

1997 ◽  
Vol 160 ◽  
pp. 76-86 ◽  
Author(s):  
Frances Ruane ◽  
Holger Görg
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Manufacturing Sector ◽  
Foreign Firms ◽  
Export Markets ◽  
Manufacturing Plants ◽  
Foreign Companies ◽  
Fiscal Incentives ◽  
The Republic ◽  
The Impact

Foreign direct investment (FDI) has played a crucial role in the overall development of the Irish economy over the past three decades, as the Republic of Ireland, hereafter referred to as Ireland, has pursued an industrial strategy characterised by (i) promoting export-led-growth in Irish manufacturing through various financial supports and fiscal incentives, and (ii) encouraging foreign companies to establish manufacturing plants in Ireland, producing specifically for export markets. The significance of FDI for the Irish economy is now reflected in, inter alia, the significant gap between GNP and GDP; in 1994, GNP was roughly 88 per cent of GDP in Ireland. As regards the manufacturing sector, the high shares of output and employment in foreign-owned companies in Ireland also indicate the importance of foreign firms. As we discuss in some detail in Section 3, foreign companies produced roughly 69 per cent of total net output and accounted for 45 per cent of employment in Irish manufacturing industries in 1993.

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