scholarly journals Impact of Globalization on Human Development: A Panel Data Analysis of Selected South Asian Countries

2020 ◽  
pp. 1-11
Author(s):  
Amber Hasan ◽  
Abdul Waheed
Keyword(s):  
Human Development ◽  
South Asian ◽  
Negative Impact ◽  
Panel Data Analysis ◽  
Trade Openness ◽  
Maternal Mortality Ratio ◽  
Fixed Effect ◽  
Asian Countries ◽  
Mortality Ratio ◽  
The Impact

This study tends to evaluate the impact of globalization on human development in developing countries. The objective has been achieved by analyzing the data of six SAARC countries (Pakistan, India, Sri-Lanka, Bhutan, Bangladesh, and Nepal) over 20 years from 2000-2019. Afghanistan and Maldives were removed from the study because of the unavailability of data. The multiple regression model is used for estimation, which includes many economic and demographic variables. The focused independent variables are the trade openness and foreign direct investment (FDI), which are used as a proxy for globalization. Other explanatory variables are GDP growth, percentage of the population using safely managed sanitation services, infant mortality ratio, maternal mortality ratio, birth rate, death rate, and dependency ratio (% of working-age population). Hausman test has indicated that the fixed effect model is appropriate for this study. The results of fixed effect estimation indicated that FDI has positive while trade openness has a negative impact on Human Development in selected South Asian countries.

scholarly journals Causal nexus between fiscal deficit and economic growth

2016 ◽  
Vol 4 (8) ◽  
pp. 1-19
Author(s):  
Ravinthirakumaran Navaratnam ◽  
Kasavarajah Mayandy
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
South Asian ◽  
Negative Impact ◽  
Positive Impact ◽  
Cointegration Analysis ◽  
Annual Data ◽  
Fiscal Deficit ◽  
Asian Countries ◽  
The Impact

The impact of fiscal deficit on economic growth is one of the most widely debated issues among economists and policy makers in both developed and developing countries in the recent period. This paper seeks to examine the impact of fiscal deficit on economic growth in selected South Asian countries, namely, Bangladesh, India, Nepal, Pakistan and Sri Lanka using time series annual data over the period 1980 to 2014. The paper uses cointegration analysis, error correction modelling and Granger causality test under a Vector Autoregression (VAR) framework. The results from this study confirmed that the fiscal deficit has a negative impact on economic growth in the South Asian countries considered in this study except Nepal, which confirmed the positive impact. The results also highlighted that the direction of causality for the SAARC countries is mixed where fiscal deficit causes economic growth for Bangladesh, Nepal and Pakistan, but the reverse is true for India and Sri Lanka.  

scholarly journals The Impact of Renewable Energy on Carbon Dioxide Emissions: An Empirical Analysis of Selected South Asian Countries

2019 ◽  
Vol 9 (4) ◽  
pp. 527-534
Author(s):  
A. Waheed ◽  
M. Tariq
Keyword(s):  
Carbon Dioxide ◽  
Renewable Energy ◽  
South Asian ◽  
Carbon Dioxide Emissions ◽  
Trade Openness ◽  
Asian Countries ◽  
Energy Trade ◽  
The Impact ◽  
South Asian Region ◽  
Nonrenewable Energy

This study attempts to explore the impact of renewable energy, nonrenewable energy, trade openness and urbanization on carbon dioxide emissions in the selected South Asian countries over the period 1990 to 2014. The study used Panel Fully Modified Ordinary Least Square (FMOLS) for analyzing the relationship between renewable energy, nonrenewable energy, trade openness, urbanization, and carbon dioxide emissions. The results from the FMOLS show that renewable energy is negatively associated with emissions, whereas nonrenewable energy is positively associated with CO2 emissions. Furthermore the empirical estimation revealed that the increase in trade openness increases CO2 emissions. Interestingly, urbanization decreases carbon dioxide emissions in our analysis of selected South Asian region. It implies that increasing the use of renewable energy is an effective policy to mitigate global warming in the South Asian region.

scholarly journals How Do Population and Urbanization Cause Environmental Degradation in South Asian Countries? A Panel Data Analysis

2020 ◽  
Vol 6 (4) ◽  
pp. 799-809
Author(s):  
Noreen Safdar ◽  
Shezza Ashraf ◽  
Fatima Farooq ◽  
Junaid Qadir
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Environmental Degradation ◽  
Negative Impact ◽  
Panel Data Analysis ◽  
Negative Influence ◽  
Causality Analysis ◽  
Asian Countries ◽  
Cross Sectional ◽  
Population Urbanization

The following study shows the economic consequences of population and environmental degradation in selected South Asian Countries for the time period 2000- 2018. Panel cointegration shows the long-run association among population, urbanization, environment and economic growth. By using PMG estimation technique, the results show that environmental degradation has a negative influence on economic growth while the urban population has a progressive impact on economic growth while the total population has a negative impact on economic growth. The results of causality analysis show that there is bidirectional causality among all variables which indicates that population, urbanization, environment and economic growth are causing each other. It is also noticed by the causality analysis that population, urbanization and economic growth are causing environmental degradation in south Asian countries. Further the results show that there is cross-sectional dependency among all variables in selected countries which reveals that all these countries should make collaborative strategies to increase economic growth and to cope up the problem of environmental degradation.

scholarly journals Economic Freedom, Exchange Rates Stability and FDI in South Asia.

2011 ◽  
Vol 50 (4II) ◽  
pp. 423-433 ◽  
Author(s):  
Zafar Mueen Nasir ◽  
Arshad Hassan
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rates ◽  
South Asian ◽  
Direct Investment ◽  
Economic Freedom ◽  
Panel Data Analysis ◽  
Trade Openness ◽  
Real Effective Exchange Rate ◽  
Asian Countries ◽  
Host Countries

This study empirically examines the role of economic freedom, market size and exchange rates in attracting foreign direct investment in south Asian countries for the period 1995-2008 by employing panel data analysis in fixed effect setting. Results clearly indicate the presence of significant positive relationship between economic freedom and FDI inflows in South Asian countries during the period of study. The real effective exchange rate was having negative association with it indicating that depreciation in host country currency negatively influences the inflow of FDI to that country. Therefore, monetary policy should focus on providing stability to currencies of host countries. The model explains approximately 90 percent of total variation in FDI. The paper concludes that South Asian countries should make concerted efforts in devising polices that improve level of economic freedom. In other words, they should provide more investment friendly climate, trade openness, efficient monetary and fiscal policies and freedom from corruption. This can help to attract more foreign direct investment in the South Asian countries.

scholarly journals Factors Affecting C02 Emission in Vietnam: a Panel Data Analysis

2017 ◽  
Vol 8 (2) ◽  
pp. 244-257
Author(s):  
Le Trung Thanh ◽  
Nguyen Duc Khuong
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Panel Data Analysis ◽  
Trade Openness ◽  
Green Energy ◽  
Kuznets Curve ◽  
Factors Affecting ◽  
Distributed Lag ◽  
Major Factors ◽  
The Impact

The purpose of this study is to investigate the major factors in the process of economic growth that influence the carbon dioxide (CO2) emission in Vietnam. An Autoregressive Distributed Lag (ARDL) model was used to evaluate the impact based on Environmental Kuznets curve (EKC) and Pollution haven hypothesis (PHH) in 1990–2011. The results indicate that the economic growth, energy consumption, financial development and trade openness positively influence the CO2 emissions, whereas foreign direct investment has a negative impact in the short term. Coefficient of joining ASEAN is not statistically significant. The findings of this study also support the validity of EKC and PHH in the Vietnamese economy. Therefore, it is important to use green energy, examine requirements for foreign investment and adopt trade-related measures and policies to increase environmental protection.

scholarly journals Is External Debt a Boon or a Curse? Empirical Evidence from South Asian Countries

2020 ◽  
Vol 9 (4) ◽  
pp. 223-232
Author(s):  
MUHAMMAD REEHAN HAMEED ◽  
MAJID ALI ◽  
HAFSAH BATOOL
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Negative Impact ◽  
External Debt ◽  
Fixed Effect Model ◽  
Fixed Effect ◽  
Asian Countries ◽  
Long Run ◽  
Effect Model ◽  
Short Run

Over the years, the South Asian countries were facing the dilemma of twin’s deficits because they had failed to generate sufficient revenues to finance their budget. Consequently, they were continuously relying on both domestic and external debt to bridge these deficits which had put a severe implication on their economic growth. Their financial position continued to deteriorate and undermined all the efforts of the governments made to stimulate economic growth. The governments in these countries failed to generate enough revenues through internal sources. Therefore, the deficits were normally fiancé through external sources. The paper examined whether the external debt was a blessing or course to the economic growth of South Asian countries i.e. Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. For this purpose 30 years of panel data of these countries from 1990 to 2019 had been taken. Fixed effect model and Panel Autoregressive Distributive Lag (ARDL) Approach had been applied to examine the short-run and long-run association among the variables. The natural log of GDP per capita was used as a proxy for economic growth. The other variables were external debt, initial GDP, foreign direct investment, trade openness, investment, and secondary school investment rate. The outcomes of the study indicated that that external debt had a negative impact on economic growth both in the short-run and long-run. This revealed that external debt had not been utilized effectively and productively. The study suggested that effort would be made to manage the external debt and reduced the twin's deficits to minimize the harmful impact of external debt on the economy. Keywords: South Asian, External Debt, ARDL, Fixed Effect Model, Economic Growth.

scholarly journals Do Institutional Variables affect FDI inflows? A Panel Data Analysis of South Asian Countries

2018 ◽  
Vol 4 (02) ◽  
Author(s):  
Vandana Goswami
Keyword(s):  
Panel Data ◽  
South Asian ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Asian Countries ◽  
Institutional Variables ◽  
Fdi Inflows ◽  
Regulatory Quality ◽  
The Impact ◽  
Control Of Corruption

The study addresses several questions related to the effect of institutional variables on foreign direct investment inflows in South Asian countries consisting of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The institutional variables taken in the study include control of corruption, political instability, quality of governance, regulatory quality, and rule of law. The paper uses panel data for the period of 1990-2015. The objective of this paper is to study the impact of institutional determinants on FDI inflows in eight South Asian countries. The main findings of the paper indicate that government effectiveness and trade openness are having a positive impact on FDI inflows while control of corruption and regulatory quality have negatively affected FDI inflows in these eight South Asian Countries.

scholarly journals The Impact of R&D Input on Technological Innovation: Evidence from South Asian and Southeast Asian Countries

2020 ◽  
Vol 2020 ◽  
pp. 1-11
Author(s):  
Lei Lv ◽  
Yuchen Yin ◽  
Yuanchang Wang
Keyword(s):  
Southeast Asia ◽  
South Asia ◽  
Technological Innovation ◽  
South Asian ◽  
Fixed Effect ◽  
Technical Innovation ◽  
Multiple Models ◽  
Asian Countries ◽  
The Impact ◽  
Southeast Asian Countries

In the era of the rapid development of knowledge economy and science, all countries have thought highly of technical innovation and greatly increased the R&D input for it. However, the research on the impact of R&D input on technical innovation lacks specialized, cross-country, and cross-time investigations, and especially, the research on small countries such as South Asia and Southeast Asia where technical innovation is relatively backward. So, does R&D input in South Asia and Southeast Asia have an impact on technical innovation and to what extent? Let us analyze the panel data of 18 countries in South Asia and Southeast Asia from 2001 to 2018, use three methods of unit root test to test the stationarity of variables, adopt the Kao cointegration test to test a stable long-term relationship between the variables, and then, respectively, carry out the transnational regression analysis of the difference between patent applications, scientific journal articles, and the R&D input with multiple models. Finally, the heteroscedasticity robust fixed-effect model is found to be the most suitable for this study after the comparative analysis of multiple models. Through the fixed-effect intercepts of each country in the heteroscedasticity robust fixed-effect models, South Asian and Southeast Asian countries are divided into three levels, and each level lists a set of equations. So, the following conclusions are drawn: both R&D expenditure and manpower input in South Asia and Southeast Asia significantly promote technological innovation; the efficiency of both R&D expenditure and manpower input promoting technological innovation in South Asia and Southeast Asia is low and needs to be improved. These conclusions provide references for policymakers in some countries where technological innovation is relatively backward, especially in Cambodia, Lao PDR, Myanmar, Timor-Leste, Bangladesh, Bhutan, Maldives, and Nepal.

scholarly journals Factors Affecting C02 Emission in Vietnam: a Panel Data Analysis

2017 ◽  
Vol 8 (2) ◽  
Author(s):  
Le Trung Thanh ◽  
Nguyen Duc Khuong
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Panel Data Analysis ◽  
Trade Openness ◽  
Green Energy ◽  
Kuznets Curve ◽  
Factors Affecting ◽  
Distributed Lag ◽  
Major Factors ◽  
The Impact

The purpose of this study is to investigate the major factors in the process of economic growth that influence the carbon dioxide (CO2) emission in Vietnam. An Autoregressive Distributed Lag (ARDL) model was used to evaluate the impact based on Environmental Kuznets curve (EKC) and Pollution haven hypothesis (PHH) in 1990–2011. The results indicate that the economic growth, energy consumption, financial development and trade openness  positively influence the CO2 emissions, whereas foreign direct investment has a negative impact in the short term. Coefficient of joining ASEAN is not statistically significant. The findings of this study also support the validity of EKC and PHH in the Vietnamese economy. Therefore, it is important to use green energy, examine requirements for foreign investment and adopt trade-related measures and policies to increase environmental protection.  

scholarly journals Governance, Real Output and Foreign Direct Investment in Asia: A Panel Data Analysis

2021 ◽  
Vol 2 (2) ◽  
pp. 323-343
Author(s):  
Altaf Hussain ◽  
Muhammad Atif Nawaz ◽  
Ruqayya Ibraheem
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Trade Openness ◽  
Real Output ◽  
Asian Countries ◽  
Causality Test ◽  
Institutional Governance ◽  
The Impact

This study intends to analyze the impact of governance (such as political, economic and institutional governance) on real output (GDP) and foreign direct investment (FDI) in 26 Asian countries during 1996 – 2019. Results of panel ARDL show the positive impact of capital, labor and trade openness on GDP and FDI. Institutional governance affects GDP and as well as FDI negatively and validates the notion that corruption greases the wheel of growth but when institutional governance is used with other indicators of governance in the model, it affects the FDI positively. Other dimensions of governance such as political and economic governance have a positive and significant impact on GDP and FDI in all model specifications. The results of the panel causality test that there is bi-directional causality from governance to GDP but evidence of bi-directional causality among governance indicators have also been found. The study emphasized on the policy making to improve the level of governance in Asian countries.

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