Moderation Effects of Political Instability and Tourism on Economic Growth

2021 ◽  
Author(s):  
Shrabani Saha ◽  
Ghialy Yap ◽  
Yong Rae Kim
Keyword(s):  
Economic Growth ◽  
Low Income ◽  
Political Instability ◽  
Political Stability ◽  
Low Income Countries ◽  
Moderator Variable ◽  
Sustainable Tourism Development ◽  
Inbound Tourism ◽  
Generalized Methods Of Moments ◽  
High Level

This study examines the impacts of inbound tourism on economic growth by using panel system-generalized-methods-of-moments techniques for over one hundred countries during the period 1995-2016. Using political instability as a moderator variable, the evidence shows that inbound tourism alone can lead to economic growth along with an increase in the standard control variables such as capital formation, education, and R&D expenditure. Nevertheless, a significant adverse effect on economic growth is revealed in the presence of medium to high political instability. The marginal impact of inbound tourism on economic growth with a high level of political instability is more detrimental in low-income countries than in their counterparts. Developing countries, which are heavily reliant on tourism, suffer more severe damages to economic growth when there is increasing political instability. Therefore, the analysis concludes that political stability is one of the key players in sustainable tourism development and economic growth.

scholarly journals Moderating Effect of Political Instability on ICT and Economic Growth Nexus in Kenya: ARDL Bound - Co-Integration Approach

2021 ◽  
Vol 04 (10) ◽  
Author(s):  
Matundura Erickson ◽  
Keyword(s):  
Economic Growth ◽  
Political Instability ◽  
Political Stability ◽  
Moderating Effect ◽  
High Interest ◽  
Long Run ◽  
The Government ◽  
The Impact ◽  
Adf Test ◽  
The Relationship

The government has attempted to target specific macroeconomic factors in order to stimulate economic growth in Kenya through monetary and fiscal policies. Despite these efforts, Kenya's GDP growth is hampered by high interest rates and high interest rate volatility. Kenya's ability to address macroeconomic instability hinges on its ability to increase economic growth. Auxiliary evidence shows that perspectives on the relationship between ICT and economic growth are segmented. The goal of this study was to determine the impact of ICT on economic growth in Kenya, as well as the moderating effect of political instability on the relationship. The research was based on Solow's theory of growth. An explanatory research design was used, with data spanning from 1990-2020 obtained from Kenya Bureau of Statistics. In the empirical analysis, the study used the bound test to test for a long-run relationship and the Autoregressive Distributed Lag model (ARDL) to evaluate the relationship between the variables. The data was subjected to an Augmented Dickey Fuller (ADF) test to determine stationarity.The long run ARDL results indicated that the coefficients of; ICT rate were insignificant . However with the introduction of political instability as the moderator ICT was significant and positively affected economic growth. Political instability moderated the relationship between ICT ( and economic growth. As a result, promoting effective governance should help to improve political stability. The findings of this study will help the government figure out how to address the problem of low economic growth. According to the study, the government should invest in the ICT sector to improve its accessibility and affordability. Additionally, the government should work to improve political stability and good governance by gradually establishing institutions that uphold the rule of law and provide security.

scholarly journals The 2013-2016 West African Ebola virus outbreak: Local contexts and future issues

2016 ◽  
Author(s):  
Francesco Cecon ◽  
Peter F McGrath
Keyword(s):  
Low Income ◽  
Ebola Virus ◽  
Emerging Diseases ◽  
West African ◽  
Low Income Countries ◽  
News Reports ◽  
Literature Searches ◽  
The Many ◽  
High Level ◽  
International Experts

Ebola is just one example of the many emerging and re-emerging diseases that continue to affect mainly the developing world. We argue that the unprecedented high level of infections and deaths in the 2013-2016 West African Ebola epidemic, together with the more general impact of Ebola and other emerging diseases on societies, is reflective of the unpreparedness of affected countries prior to an outbreak. Typically, the healthcare systems of most low-income countries are inadequately prepared to be able to deal with such large and unexpected outbreaks. In this paper, we attempt to analyse the emergence and spread of the West African Ebola epidemic, reviewing the situation in Guinea, Liberia and Sierra Leone prior to the 2013-2016 outbreak. We also highlight some of the additional societal burdens that the outbreak has placed on these countries. By drawing lessons from this epidemic, as well as case studies of other (re-)emerging epidemic infections through a combination of literature searches and news reports, combined with the views of 10 international experts, we develop eight actions that might help potentially susceptible countries and the international community to prevent, contain or better respond to possible future outbreaks.

scholarly journals Global e-government development: besides the relative wealth of countries, do policies matter?

2020 ◽  
Vol 14 (3) ◽  
pp. 381-400 ◽  
Author(s):  
Gonçalo Paiva Dias
Keyword(s):  
Low Income ◽  
Public Policies ◽  
Low Income Countries ◽  
Political Commitment ◽  
Content Type ◽  
Secondary Sources ◽  
Relative Wealth ◽  
Innovative Thinking ◽  
High Level ◽  
Government Development

Purpose This study aims to investigate whether, discounting the effect of the relative wealth of countries, it is possible to observe the relevance of policies for e-government development. Design/methodology/approach The deviations of countries' results from what could be expected, considering their relative wealth is calculated by using the residuals of a linear regression using the Gross Domestic Product per capita as the independent variable and the UN E-Government Development Index as the dependent variable. The countries that achieve better and worse results than expected are then identified and their cases are analyzed by resorting to secondary sources, namely, published research referring to their cases. Those research documents were identified by successively searching the Scopus database, the Google Scholar database and the Web of Science. Findings The existence of formal e-government strategies and plans and the capacity to implement them can make a difference, allowing countries to achieve better results than expected or, in their absence, to perform worse than expected. Research limitations/implications The proposed methodology can be useful to e-government researchers, particularly as a basis for deeper and more detailed studies. Practical implications Countries should invest in well-developed and focused strategies and continuity of public policies and their capacity to deliver results. For that purpose, political commitment and high-level coordination are key factors. For low-income countries, long-lasting cooperation with external experienced partners is crucial. For high-income countries, innovative thinking is a key enabler. Originality/value This study uses an innovative method to look beyond the effect of the relative wealth of countries and investigate the relevance of public policies for e-government development.

scholarly journals Spatial Distributive Differences in Residents’ Perceptions of Tourism Impacts in Support for Sustainable Tourism Development—Lu-Kang Destination Case

Environments ◽  
2019 ◽  
Vol 6 (1) ◽  
pp. 8 ◽  
Author(s):  
Chung-Hsien Lin ◽  
Wei-Ching Wang ◽  
Yuan-I Yeh
Keyword(s):  
Low Income ◽  
Spatial Clustering ◽  
Sustainable Tourism ◽  
Empirical Studies ◽  
Tourism Development ◽  
Spatial Clusters ◽  
Tourism Impacts ◽  
Sustainable Tourism Development ◽  
Point Analysis ◽  
High Level

Few empirical studies on the effect of tourism impacts on residents’ support for tourism development have linked an environmental justice perspective with sustainable tourism. This study aims to explore spatial distributive differences in residents’ perceptions of tourism impacts to understand their support for sustainable tourism development. A total of 1057 residents of the Lu-Kang destination in Taiwan were surveyed using an on-site questionnaire. Employing the kernel density method and the local K function for spatial point analysis, the results indicated that spatial clustering of residents’ perceptions of both positive and negative tourism impacts occurred in the specific locations. Further, high household income, high education, and more personal benefits from tourism promoted the formation of localized spatial clusters where residents had positive perceptions of tourism impacts which, in turn, led to a high level of support for tourism development. Conversely, low income, low education, and less personal benefits from tourism cultivated the development of spatial clusters with negative perceptions of tourism impacts which, in turn, caused a low level of support for tourism development. The implications for sustainable tourism planning and strategies are discussed.

Basic Human Needs versus Economic Growth Approach for Coping with Urban—Rural Imbalances: An Evaluation Based on Relative Welfare

1979 ◽  
Vol 11 (10) ◽  
pp. 1129-1145 ◽  
Author(s):  
K Mera
Keyword(s):  
Economic Growth ◽  
Low Income ◽  
Relative Position ◽  
Urban Population ◽  
Low Income Countries ◽  
Human Needs ◽  
Urban Rural ◽  
Basic Human Needs ◽  
Growth Approach ◽  
Future Growth

Increasing attention is being paid to the ‘basic human needs' approach for reducing imbalances within a developing country, urban—rural imbalances being important among them. However, as investment for meeting basic human needs is not directly productive, the future growth of the economy would have to be sacrificed if this approach is taken. In this paper the development implications of two approaches, the economic growth and the basic human needs approaches, are projected through a simulation model, and they are evaluated relative to each other. It is shown that, even if the evaluation is based on the criterion of the relative position of the rural population to the urban population, low-income countries would be better off with the economic growth approach after about ten years. For middle- and high-income countries, the basic human needs approach deserves serious consideration.

scholarly journals The Role of Population in Economic Growth

SAGE Open ◽  
2017 ◽  
Vol 7 (4) ◽  
pp. 215824401773609 ◽  
Author(s):  
E. Wesley F. Peterson
Keyword(s):  
Economic Growth ◽  
Population Growth ◽  
Low Income ◽  
Low Income Countries ◽  
High Population Growth ◽  
Economic Analyses ◽  
The Relationship ◽  
Lower Population ◽  
Capita Output

The relationship between population growth and economic growth is controversial. This article draws on historical data to chart the links between population growth, growth in per capita output, and overall economic growth over the past 200 years. Low population growth in high-income countries is likely to create social and economic problems while high population growth in low-income countries may slow their development. International migration could help to adjust these imbalances but is opposed by many. Drawing on economic analyses of inequality, it appears that lower population growth and limited migration may contribute to increased national and global economic inequality.

scholarly journals The 2013-2016 West African Ebola virus outbreak: Local contexts and future issues

2016 ◽  
Author(s):  
Francesco Cecon ◽  
Peter F McGrath
Keyword(s):  
Low Income ◽  
Ebola Virus ◽  
Emerging Diseases ◽  
West African ◽  
Low Income Countries ◽  
News Reports ◽  
Literature Searches ◽  
The Many ◽  
High Level ◽  
International Experts

Ebola is just one example of the many emerging and re-emerging diseases that continue to affect mainly the developing world. We argue that the unprecedented high level of infections and deaths in the 2013-2016 West African Ebola epidemic, together with the more general impact of Ebola and other emerging diseases on societies, is reflective of the unpreparedness of affected countries prior to an outbreak. Typically, the healthcare systems of most low-income countries are inadequately prepared to be able to deal with such large and unexpected outbreaks. In this paper, we attempt to analyse the emergence and spread of the West African Ebola epidemic, reviewing the situation in Guinea, Liberia and Sierra Leone prior to the 2013-2016 outbreak. We also highlight some of the additional societal burdens that the outbreak has placed on these countries. By drawing lessons from this epidemic, as well as case studies of other (re-)emerging epidemic infections through a combination of literature searches and news reports, combined with the views of 10 international experts, we develop eight actions that might help potentially susceptible countries and the international community to prevent, contain or better respond to possible future outbreaks.

scholarly journals Technological Spillover, Growth Convergence And Technical Progress: Does technology flow from rich to poor economies?

2020 ◽  
Vol 8 (4) ◽  
pp. 132-145
Author(s):  
Oladele O Aluko ◽  
B. Sabiu Sani
Keyword(s):  
Economic Growth ◽  
Technical Progress ◽  
Low Income ◽  
Generalized Method Of Moments ◽  
Low Income Countries ◽  
Dynamic Panel Model ◽  
Poor Countries ◽  
Growth Convergence ◽  
Using Data ◽  
The One

This study examines Technology spillover from rich to poor countries, the study used a model that, at the aggregate level, is similar to the one sector neoclassical growth model. The model was estimated using data on technical progress, Average Product Per-Worker, Capital Stock and Technology Intensive Goods in 25 countries which consist of rich and poor countries over the last decade. A dynamic panel model is formulated and estimated Using Generalized method of moments by Arelano and Bond; and the implications of the estimates were evaluated for aggregate total factor productivity and economic growth. The results reveal that, on average, technology have contributed more to economic growth in high income economies and on the contrary technology have made little or no contribution in low income countries. Consequently, there is substantial variation across technologies and economies

Sign in / Sign up

Export Citation Format

Share Document