scholarly journals THE EFFECT OF INVESTMENT IN EDUCATION ON SOCIO-ECONOMIC DEVELOPMENT OF PAKISTAN

2018 ◽  
Vol 1 (2) ◽  
pp. 66-73
Author(s):  
Nayab Karim
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Physical Capital ◽  
Vital Role ◽  
School Enrollment ◽  
Education Sector ◽  
Development Indicators ◽  
Socio Economic Development ◽  
The Government ◽  
World Development

It is widely accepted that the education sector plays a vital role in the development of the economy and has a positive impact on the economic growth, this study is an attempt to explore the relationships among the investment in the human capital, physical capital and the school enrollment and its impact on the growth of Pakistan’s economy. This study focus on time series analysis, the data has traced from World Development Indicators from 1980 to 2018. The empirical results showed that the investment in physical capital and school enrollment has a positive significant impact on the growth of Pakistan’s economy. Therefore, the government of Pakistan should focus more on investment in education sector and thereby improve social prosperity.

scholarly journals How do Poverty and Income Inequality affect Economic Growth in Developing Countries?

2021 ◽  
Vol 4 (2) ◽  
pp. 547-558
Author(s):  
Hamza Saleem ◽  
Fatima Farooq ◽  
Muhammad Aurmaghan
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Income Inequality ◽  
Negative Impact ◽  
Positive Impact ◽  
Development Indicators ◽  
The Relationship ◽  
Positive Effect ◽  
World Development

The major objective of this research is to examine the relationship between poverty, income inequality and economic growth from some selected developing countries. This study uses panel data for the period of 2002-2015. All the data is taken from world development indicators (WDI). To find out the results, we have used Hausman test an econometrics technique for panel data in this research. The results of the study indicate that poverty and income inequality have a negative impact on economic growth on the other hand Gross capital formation, labor force, total population and government consumption and expenditure have a positive impact on economic growth. The result tells us that changes in these variables have a significant and positive effect on the dependent variable. To achieve the goal of economic growth developing countries should reduce poverty and take meaningful steps to overcome the problem of inequality in the society which can be very helpful in achieving the goal of economic growth.

scholarly journals Empirical Research on the Investment Performance of Information and Communication Technology in China

2020 ◽  
Vol 12 (2) ◽  
pp. 94
Author(s):  
Wei Qiying
Keyword(s):  
Economic Growth ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Economic Performance ◽  
Positive Impact ◽  
Physical Capital ◽  
Vital Role ◽  
Dynamic Adjustment ◽  
Investment Performance ◽  
Information And Communication

The continuous development of the new-generation Information and Communication Technology (ICT) has drawn increased focus and investment from China. However, will China’s investment in the ICT bring a long-term positive impact on China’s economic growth? Will such impact be changed by any external factors? These questions bear strong significance for the academic cycle and require urgent solutions. Given such concerns, the paper introduced a partial dynamic adjustment model and selected the panel data of China from 2001 to 2016 to study how China’s investment in ICT affected its economic performance. The study found that such investment has significantly promoted the economic growth of China with gradually shortened gap between physical capital and the ICT investment, while human capital still played a vital role in economic growth; there is a mutual and harmonious influence between macrovariable and the speed of adjustment, and only their effective combination can improve economic performance to the maximum extent.

scholarly journals The Effects of Green Financial Development on Economic Growth in Pakistan

2021 ◽  
Vol 3 (3) ◽  
Author(s):  
Muhammad Atif Nawaz ◽  
Muhammad Sajjad Hussain ◽  
Altaf Hussain
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Foreign Direct Investment ◽  
Financial Development ◽  
Direct Investment ◽  
Positive Impact ◽  
Development Indicators ◽  
Green Finance ◽  
Green Investment ◽  
World Development

Sustainable development is now a mantra for which every country is striving for it and green finance, and green financial development which is advancement in financial activities harmonized with environmental protection and ecological balance, is considered as the foremost solution for it. Keeping in view the importance of green financial development for the economic growth, this study aims to examine the effects of green financial development such as green credit, green securities, green insurance, green investment, and foreign direct investment on the economic growth of Pakistan. The time series has extracted from World Development Indicators (WDI) and State Bank of Pakistan (SBP) for the period 1981 to 2019. For the analysis purpose, Autoregressive distributive lag (ARDL) and Granger casualty have been executed. The findings established empirically that green financial development such as green credit, green securities, green insurance, green investment, and foreign direct investment have a positive impact on the economic growth of Pakistan. These findings provide the insight to the regulators that they should enhance their focus towards green financial development that is imperative for the economic growth of the country.

Migration enclave and downward economic growth in Africa

2020 ◽  
Vol 47 (12) ◽  
pp. 1527-1540
Author(s):  
Muhammad Asim Afridi ◽  
Muhammad Tahir ◽  
Aziz Ullah Sayal ◽  
Imran Naseem
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Unobserved Heterogeneity ◽  
Physical Capital ◽  
Vital Role ◽  
African Region ◽  
Content Type ◽  
Female Migration ◽  
First Time ◽  
The Relationship

PurposeThe African region has experienced relatively lower economic growth and higher outflow of migration over the years. The purpose of this research paper, therefore, is to focus on the African region to investigate whether or not there is any link between the poor economic growth and rising outflow of migration.Design/methodology/approachEmpirical data spanning from 1990 to 2015 are collected from reliable sources for 41 countries belonging to the African region. Appropriate estimating methodology that controls for unobserved heterogeneity both across time and across countries, and endogeneity is employed.FindingsThe results revealed that the migration has adversely influenced the economic growth of the African region as a whole. The splitting of sample into male and female migration also reflected the fact that the unsatisfied economic growth of the African region could be explained by the ever rising migration level. Other determinants such as employment and growth of physical capital have helped the region in the growth journey. Human capital has not played a vital role in economic growth as it is adversely affected by migration. Further, the study found support for the positive impact of moderate inflation on economic growth. The obtained results are robust to alternative methodologies and hence would be beneficial for policymakers.Originality/valueThe present study provides for the first time comprehensive empirical evidence on the relationship between migration and economic growth by focusing on Africa. Therefore, this study would be of prime importance for policymakers.

Do corrupting activities hamper economic growth?

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
John Kwaku Amoh ◽  
Kwasi Awuah-Werekoh ◽  
Kenneth Ofori-Boateng
Keyword(s):  
Economic Growth ◽  
Structural Equation ◽  
Content Type ◽  
Development Indicators ◽  
The World ◽  
Private And Public ◽  
World Economic ◽  
Development Goals ◽  
The Government ◽  
World Development

Purpose This study aims to examine the effect of corruption on the economic growth of Ghana and to establish the strength of relationships among corrupting activities. Design/methodology/approach The research used structural equation modelling on selected data from the World Economic Forum executive opinion survey on corrupting activities and data on economic growth measures from the world development indicators to achieve the research objectives. Findings The results show that all the observed corrupting activities (except diversion of public funds) adversely influence selected economic growth indicators. The study concludes that corrupting activities, independently and mutually impede Ghana’s economic growth. Research limitations/implications The research is limited by the availability of data, hence, quarterised data on selected variables from 2008 to 2017 were examined. Practical implications The results suggest that corruption encapsulates all the seven activities of corruption to one degree or another, which are economic growth hampering. Originality/value The study extends the corruption-economic growth nexus literature by incorporating several corrupting activities from multiple sectors/areas as follows: the government and politicians, private businesses, judiciary and citizens into a single model to test how these independently and mutually impede economic growth. By identifying and using specific corrupting activities from distinct and diverse sectors/areas to capture both the supply side and demand side of corruption and the private and public sectors, a better comprehension of the corruption-economic growth nexus is attained. This may aid emerging economies and anti-corruption agencies in drafting specific and targeted corruption reduction policies/programmes to minimise poverty and raise living standards to aid the realisation of sustainable development goals.

scholarly journals ANALISIS PENGARUH REMITANSI, INVESTASI ASING LANGSUNG, IMPOR DAN PERTUMBUHAN EKONOMI DI INDONESIA

2020 ◽  
Vol 2 (4) ◽  
Author(s):  
Regina Septriani Putri ◽  
Ariusni Ariusni
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Positive Effect

Abstract : This study examined and analysis the effect of remittances, foreigndirect investment, imports, and economic growth in Indonesia in the long run andshort run. This study using Error Correction Model (ECM) method and using theannual time series data from 1989 to 2018. This study found that: (1) remittancehave an insignificant positive effect on economic growth in the long run and shortrun,(2)foreign direct investment have a significant positive impact on economicgrowth in the long run and short run, (3) import have an insignificant positiveimpact on economic growth both in the long run and short run. To increase theeconomic growth in the future, this study suggests the government to decresingimports of consume goods and increasing the inflow of capital goods, rawmaterial goods, remittances and foreign direct investment.Keyword : Remittance, Foreign Direct Investment, Import, Economic Growth andECM

scholarly journals INTERACTION BETWEEN ENERGY CONSUMPTION AND ECONOMIC GROWTH IN INDIA

2017 ◽  
Vol 5 (4) ◽  
pp. 62-71 ◽  
Author(s):  
Nandakumar ◽  
Devasia ◽  
Thomachan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
World Bank ◽  
Energy Use ◽  
Annual Data ◽  
Sample Period ◽  
Development Indicators ◽  
Long Run ◽  
World Development

This Paper examines the relation between energy use and GDP percapita of India. It used the annual data from 1971-2013, obtained from World Development Indicators of World Bank for India. The variables used in this study are – Percapita GDP and Energy consumption in Kilograms of oil equivalent (Kgoe). The result shows long run relation between energy use and GDP percapita. The result also shows that Energy Use granger causes GDP percapita of India for the sample period.

Does transportation infrastructure impact economic growth in India?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sreenu Nenavath
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Transport Infrastructure ◽  
Causality Test ◽  
Content Type ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Determinants Of Economic Growth

Purpose This paper aims to show a long run and causal association between economic growth and transport infrastructure. Design/methodology/approach In this study, the authors use ARDL models through the period 1990 – 2020 to investigate the relationship between transport infrastructure and economic growth in India. Findings The infrastructure has a positive impact on economic growth in India for the long run. Moreover, Granger causality test demonstrates a unidirectional relationship between transport infrastructure to economic development. Stimulatingly, the paper highlights the effect of air infrastructure statistically insignificant on economic growth in the long and short-run period. Originality/value The original outcome from the study delivers an inclusive depiction of determinants of economic growth from transport infrastructure in India, and these findings will help the policymakers to frame policies to improve the transport infrastructure. Hence, it is proposed that the government of Indian should focus more to upsurge the transport infrastructure for higher economic development.

scholarly journals The Influence of Economic Growth on the Degree of Autonomy of the Regions and the Absorption of Labor and Social Welfare: Regencies and Cities of Maluku Province

2016 ◽  
Vol 8 (2) ◽  
pp. 234
Author(s):  
Nahu Daud
Keyword(s):  
Economic Growth ◽  
Social Welfare ◽  
Path Analysis ◽  
Significant Influence ◽  
Positive Impact ◽  
Well Being ◽  
County Government ◽  
The Government ◽  
The City

<p>This research aims (1) to analyze and test the influence of economic growth on the degree of autonomy the area in County Government and city of Maluku Province, (2) Analyze and test the influence of economic growth on the absorption of labor on County Government and city of Maluku province (3) Analyze and test the influence of economic growth on the welfare of society at the County Government and the city of Maluku province (4) Analyze and test the influence of degree of autonomous region of absorption of labor on County Government and city of Maluku province, (5) Analyze and test the influence of the degree of autonomy the area of social welfare in the Government District and the city of Maluku province (6) Analyze and test the influence of absorption of labor against the welfare of the community on County Government and City Maluku province. The approach used is the analysis of Path Analysis, intended to answer a relationship direct or indirect causal model has been developed on the basis of theoretical consideration of researchers and certain knowledge. In addition to the causal relationship is based on the data, also based on knowledge, the formulation of hypotheses and logical analysis, so that it can be called path analysis can be used to test a set of causal hypotheses as well as to interpret these relationships.</p><p>The results showed (1) economic growth positively and significantly influence the degree of autonomy of the region. These results lend support to the hypothesis of one stating that economic growth was a significant influence on the degree of autonomy of the region. (2) The influential economic growth positively and significantly to labor absorption. These results lend support to the hypothesis of two stating that the influential economic growth dramatically to labor absorption. (3) Economic growth positively and significantly influences the well-being of the community. These results provide support for the three hypotheses which state that the economic growth affects significantly to the well-being of society. (4) The degree of autonomy the positive and significant effect of absorption of labor. (5) The degree of autonomy to the region in a positive and significant effect on the welfare of society. (6) The positive impact of labor absorption and significantly to the well-being of society. (7) The results of the discussion to confirm that economic growth affectsconsiderably to the well-being of the community through the degree of autonomy of the regions and the absorption of labor. Significant influence occurs because the existence of a direct relationship with the role of the community.</p>

scholarly journals The Impact of Tourism on the Local Economy in Malaysia

2018 ◽  
Vol 13 (12) ◽  
pp. 151 ◽  
Author(s):  
Chin-Hong Puah ◽  
Meng-Chang Jong ◽  
Norazirah Ayob ◽  
Shafinar Ismail
Keyword(s):  
Economic Growth ◽  
Capital Investment ◽  
Positive Impact ◽  
Economic Transformation ◽  
Tourism Industry ◽  
Local Economy ◽  
Sustainable Growth ◽  
Distributed Lag ◽  
The Government ◽  
The Impact

The local and international communities play an important role in the sustainable growth of the Malaysian tourism industry. The principle of sustainable growth in the tourism industry was proposed by the World Tourism Organization (WTO) in 1988. As the tourism industry is one of the largest and fastest growing industries in Malaysia, the government has poured considerable effort into promoting this industry consistent with the objective of the Economic Transformation Program (ETP) to transform from a resource-based economy to a service-based economy. This study aimed to test the hypothesis of tourism-led growth from Malaysia&rsquo;s perspective. The tourism revenue earned by the government can be used to invest in industry to further promote economic growth in Malaysia. Hence, tourist receipts and capital investment in the tourism industry are important factors that can affect the nation&rsquo;s economic growth. Utilizing Malaysian data from 1995 to 2016, the study employed the Autoregressive Distributed Lag (ARDL) approach to examine whether the tourism-led growth is valid in this study. Empirical findings indicated that both variables have a significant positive impact on economic growth and the hypothesis of tourism-led growth is accepted in Malaysia.

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