The Impact of Structural Change on the Economic Development of CEMAC Member States: A Comparative Analysis of Congo and Cameroon

The purpose of this paper is to investigate socio-economic development condition and convergence evaluation in the EU-28 states in the context of the EU policy goals. The aim of this research is to estimate socioeconomic disparities and convergence problems in the European states by applying real valuations of well-being situations and economic development challenges in the EU member states. The research methodology is based on the European Commission legitimate documents application and socio-economic strategies, on the convergence theory and convergence scenario calculations along with socioeconomic forecasts analysis in the EU states. This research presents information about different socioeconomic indicators, indexes, and scheme of information`s flows for convergence level estimation. This study contains objectives and general outlines of period 2014-2020 in the framework of Europe as a whole, as well its impact on the EU member states economies and living conditions. Changes in the main socioeconomic concepts impact on EU convergence policy and rapidity of convergence depends on the initial discrepancy of the development level in the EU states. The efficiency of European convergence policy can also be improved by significant economic growth and by a clever choice of the country-specific social activities. This research investigates above information for social situations estimations in EU states as well as GDP growth, unemployment, population’s income level and different welfare indicators. The main results reflect the overall economic situation valuation in the EU countries and present European convergence policy’s impact on social development in the European states. The conclusions contain socio-economic situations appreciation in the context of European strategy goals and social inequality problems clarification in the EU states.

Download Full-text

Patterns of Structural Change in the New EU Member States

DANUBE Law and Economics Review ◽

10.1515/danb-2015-0009 ◽

2015 ◽

Vol 6 (3) ◽

pp. 133-157 ◽

Cited By ~ 1

Author(s):

Peter Havlik

Keyword(s):

Structural Change ◽

Structural Changes ◽

Growth Patterns ◽

Member States ◽

Sectoral Shifts ◽

Eu Member States ◽

The North ◽

European Economies ◽

The Impact ◽

New Eu Member States

Abstract This paper analyses the extent and impact of structural changes on aggregate economic growth that occurred in European economies during the past two decades, focusing on the new EU Member States of Central and Eastern Europe. After presenting some stylised facts related to employment and output restructuring, we use a conventional shift and share analysis in order to evaluate the impact of broader sectoral shifts on GDP growth, focusing on the period 1995–2011. A decomposition of aggregate GDP/GVA growth using the shift and share analysis shows a distinct North-South pattern of growth and restructuring while the previous NMS-OMS divisions are becoming less relevant. In the North, manufacturing and trade have fuelled growth whereas in the South there has been much less structural change. Apart from these differences, our results partly differ from earlier findings of similar analyses for the NMS. Finally, we analyse differentiated impacts of the recent (2008–2011) crisis on structural changes in Europe and find interesting similarities between (groups of) NMS and OMS in terms of both growth patterns and responses to the crisis.

Download Full-text

Comparative Assessment of the Impact of Electricity Consumption in Different Economic Sectors on the Economic Development of the EU Member States

Energies ◽

10.3390/en14248335 ◽

2021 ◽

Vol 14 (24) ◽

pp. 8335

Author(s):

Romualdas Ginevičius ◽

Gracjana Noga ◽

Eigirdas Žemaitis ◽

Barbara Piontek ◽

Karel Šuhajda

Keyword(s):

Economic Development ◽

Electricity Consumption ◽

Successful Implementation ◽

The European Union ◽

Member States ◽

Eu Member States ◽

National Economic ◽

National Economic Development ◽

The Impact ◽

The Eu

Recently, the Member States of the European Union (EU) have found themselves in a controversial situation. On the one hand, national economic development is barely possible without increasing electricity consumption, whereas on the other we are facing increased use of natural resources (coal, oil, gas, wood), thermal effects, pollution and risks to human health. The European Green Deal is a response to the currently observed negative trends. The strategy aims to accelerate the economic development of the EU Member States, thus reducing electricity consumption. Objectives may include both the national economy and the electricity generation sector by applying advanced technologies and introducing innovations that increase output efficiency while reducing electricity costs. Assessing the current situation is vital for the successful implementation of the European Green Deal, i.e., by comparing the impact of electricity consumption on the economic development of the Member States. Thus, combining indicators for national economic development and the extent of electricity consumption into a single aggregate is necessary because electricity greatly affects economic development. The proposed methodology allows dividing the analysed EU Member States into three groups, in line with the degree of national economic development and the scope of electricity consumption in their economy sectors.

Download Full-text

Manufacturing vs. Services and the Role of Information Technology

Advances in Public Policy and Administration - Advanced Methodologies and Technologies in Government and Society ◽

10.4018/978-1-5225-7661-7.ch033 ◽

2019 ◽

pp. 416-430

Author(s):

Arnab Adhikari ◽

Shromona Ganguly

Keyword(s):

Information Technology ◽

Economic Development ◽

Comparative Analysis ◽

Structural Changes ◽

Manufacturing Sector ◽

Export Performance ◽

Services Sector ◽

The Impact ◽

Role Of Information

The role of information technology is often debated in the context of economic development of the developing countries. In order to understand the role technology plays in the structural change of the economy, the chapter analyzes the case of India, which, according to many researchers, has experienced an “idiosyncratic” pattern of structural changes since its independence compared to many countries. This is evident from the fact that the growth of Indian economy has been driven by the services sector rather than manufacturing, which prompted many researches to conclude that India has leapfrogged the phase of industrialization. This chapter examines the impact of services-led growth and the role of information technology in India through a comparative analysis of manufacturing versus services in export performance and employment scenario. The chapter concludes that India needs a more broad-based policy of technology adoption, not only to sustain its services-led growth but also to boost its manufacturing sector as well as make the economic development more inclusive.

Download Full-text

Manufacturing vs. Services and the Role of Information Technology

Encyclopedia of Information Science and Technology, Fourth Edition ◽

10.4018/978-1-5225-2255-3.ch629 ◽

2018 ◽

pp. 7234-7247

Author(s):

Arnab Adhikari ◽

Shromona Ganguly

Keyword(s):

Information Technology ◽

Economic Development ◽

Comparative Analysis ◽

Structural Changes ◽

Manufacturing Sector ◽

Export Performance ◽

Services Sector ◽

The Impact ◽

Role Of Information

The role of information technology is often debated in the context of economic development of the developing countries. In order to understand the role technology plays in the structural change of the economy, the chapter analyses the case of India, which, according to many researchers has experienced an “idiosyncratic” pattern of structural changes since its independence compared to many countries. This is evident from the fact that growth of Indian economy has been driven by the services sector rather than manufacturing which prompted many researches to conclude that India has leapfrogged the phase of industrialization. This chapter examines the impact of services-led growth and the role of Information Technology in India through a comparative analysis of manufacturing versus services in export performance and employment scenario. The study concludes that the India needs a more broad based policy of technology adoption, not only to sustain its services led growth but also to boost its manufacturing sector as well as make the economic development more inclusive.

Download Full-text

Dynamic interaction between higher education and economic progress: a comparative analysis of BRICS countries

Information Discovery and Delivery ◽

10.1108/idd-07-2018-0023 ◽

2018 ◽

Vol 46 (4) ◽

pp. 225-238 ◽

Cited By ~ 1

Author(s):

Victor Chang ◽

Yian Chen ◽

Chang Xiong

Keyword(s):

Higher Education ◽

Time Series ◽

Economic Development ◽

Comparative Analysis ◽

Dynamic Interaction ◽

Content Type ◽

Brics Countries ◽

Economic Progress ◽

The Government ◽

The Impact

PurposeThe purpose of this paper is to gain a deeper insight on how education boosts economic progress in key emerging economies. This project is aimed at exploring the interactive dynamics between the tertiary education sector and economic development in BRICS countries. The author also aims to examine how the structure of higher education contributes to economic expansion.Design/methodology/approachThe author uses the time series data of BRICS countries across approximately two decades to determine the statistical causality between the size of tertiary enrollment and economic development. The linear regression model is then used to figure out the different impact levels of academic and vocational training programs at the tertiary level to economic development.FindingsData from all BRICS countries exhibited a unidirectional statistical causality relationship, except the Brazilian data. The national economic expansion Granger Caused increased tertiary enrollment in Russia and India, while in China and South Africa, higher education enrollment Granger Caused economic progress. The impact from tertiary academic training is found to be positive for all BRICS nations, while tertiary vocation training is shown to have impaired the Russian and South African economy.Research limitations/implicationsThis project is based on a rather small sample size, and the stationary feature of the time series could be different should a larger pool of data spanning a longer period of time is used. In addition, the author also neglects other control variables in the regression model. Therefore, the impact level could be distorted due to possible omitted variable bias.Practical implicationsTertiary academic study is found to have a larger impact level to all countries’ economic advancement, except for China, during the time frame studied. There is a statistical correlation between the education and economic progress. This is particularly true for BRICS countries, especially China. But the exception is Brazil.Social implicationsThe government should provide education up to the certain level, as there is a direct correlation to the job creation and economic progress. Furthermore, the government should also work closely with industry to ensure growth of industry and creation of new jobs.Originality/valueThe comparative analysis and evaluation of the dynamic interaction of tertiary enrollment and economic output across all five BRICS nations is unique, and it deepens the understanding of the socioeconomic development in these countries from a holistic management perspective.

Download Full-text

Sustainable Growth, Competitiveness and Employment

Raumforschung und Raumordnung ◽

10.1007/bf03183015 ◽

2007 ◽

Vol 65 (4) ◽

pp. 259-274 ◽

Cited By ~ 3

Author(s):

John Bachtler ◽

Irene McMaster

Keyword(s):

Economic Development ◽

Sustainable Growth ◽

Cohesion Policy ◽

Member States ◽

Structural Funds ◽

Strategic Approach ◽

Innovation Knowledge ◽

The Impact ◽

The Eu ◽

Lisbon Agenda

AbstractThe relaunched “growth and jobs” agenda of the EU is reflected in the Community Strategic Guidelines on Cohesion. These have influenced the content of the new Structural Funds programmes, with increased importance accorded to innovation, knowledge and entrepreneurship. There is evidence of a more strategic approach to economic development and a stronger prioritisation of support. Whether this makes a difference to the Lisbon agenda depends on how the programme objectives are implemented as well as the broader regulatory and other changes required in National Reform Programmes. Convincing Member States of the importance of Cohesion policy also depends on the impact of the Funds being identifiable.

Download Full-text

Қазақстанның ЕАЭО аясындағы өзара саудасы

Вестник Казахского университета экономики, финансов и международной торговли ◽

10.52260/2304-7216.2021.3(44).10 ◽

2021 ◽

Author(s):

B. Urazymbetov ◽

Б. Уразымбетов

Keyword(s):

Comparative Analysis ◽

Economic Activity ◽

International Market ◽

Member States ◽

Mutual Trade ◽

Eurasian Economic Union ◽

Economic Union ◽

The Republic ◽

Dynamic Series ◽

The Impact

This article analyses the main results of the impact of Eurasian integration on Kazakhstan's economy, in particular, mutual trade for the period from 2015 to 2019. A structural analysis is conducted and the main trends and dynamics factors, commodity structure of Kazakhstan's exports and imports within the framework of the Eurasian Economic Union are presented. Integration effects in mutual trade of Kazakhstan with EAEU member states are assessed. Research methods: a comparative analysis of dynamic series, structural-logical, economic-statistical, comparative analysis. As a result of the analysis, preliminary conclusions can be made that in most areas of Kazakhstan's cooperation with the EAEU countries, there has been an outperformance. The comparative analysis of mutual trade between EAEU member states reveals that the coronavirus pandemic has hit the economic activity of the Eurasian Economic Union states, including Kazakhstan, significantly and has revealed a trend of imbalanced mutual trade in Kazakhstan during the EAEU functioning period, which demonstrates weak diversification and low intersectoral importance and dependence of the Republic on the international market. Accordingly, this may hurt harm Kazakhstan's national economy within the EAEU. В настоящей статье анализируются основные результаты влияния евразийской интеграции на экономику Казахстана, в частности взаимная торговля за период с 2015 по 2019 годы. Проведен структурный анализ и приведены основные тенденции и факторы динамики, товарная структура экспорта и импорта Казахстана в рамках Евразийского экономического союза. Проведена оценка интеграционных эффектов во взаимной торговле Казахстана со странами-участницами ЕАЭС. Методы исследования: сравнительный анализ динамических рядов, структурно-логический, экономико-статистический, сравнительный анализ. В результате проведенного анализа можно сделать предварительные выводы о том, что в большинстве сфер сотрудничества Казахстана со странами ЕАЭС наблюдалась опережающая динамика. В ходе проведенного сравнительного анализа взаимной торговли между странами-участницами ЕАЭС выявлено, что пандемия коронавируса ощутимо ударила по экономической активности государства Евразийского экономического союза, включая Казахстан. Выявлена тенденция дисбаланса взаимной торговли Казахстана в период функционирования ЕАЭС, это демонстрирует слабую диверсификацию и низкую внутриотраслевую значимость и зависимости республики от международного рынка. Соответственно, это может иметь негативное влияние для национальной экономики Казахстана в рамках ЕАЭС.

Download Full-text

The ICT Sector in Economic Development of the Countries of Eastern Europe: a Comparative Analysis

WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS ◽

10.37394/23207.2022.19.18 ◽

2022 ◽

Vol 19 ◽

pp. 169-185

Author(s):

Maksym Dubyna ◽

Nataliia Kholiavko ◽

Artur Zhavoronok ◽

Yuriy Safonov ◽

Denys Krylov ◽

...

Keyword(s):

Economic Development ◽

Comparative Analysis ◽

Internet Banking ◽

Total Employment ◽

Online Purchase ◽

Computer Mediated ◽

Eastern European Countries ◽

National Economies ◽

Functional Areas ◽

The Impact

The purpose of the article is to study the impact of the ICT sector on economic development of countries based on the comparative analysis of this sector development in some Eastern European countries. Within the article, economic development of the outlined countries in 2010-2019 was studied and analyzed. The analysis of the impact of the ICT sector on the GDP formation allowed to single out certain groups of countries under this indicator and to identify the characteristics that are inherent to them. Using the correlation-regression analysis made it possible to analyze the ICT impact on economies development of Hungary, Bulgaria, Poland, Romania, Slovakia and the Czech Republic. Authors paid a special attention to the study of the influence of various factors on the ICT sector development. Accordingly, an analytical study of the dependence of the ICT sector weight in the GDP of the countries on the following parameters: enterprises that employ ICT specialists; enterprises that provided training to develop/upgrade ICT skills of their personnel; percentage of the ICT personnel in total employment; using Internet for Internet banking, % of individuals; enterprises who have ERP software package to share information between different functional areas; enterprises selling online (at least 1% of turnover), % of enterprises; online purchase in the last 12 months, % of individuals; enterprises having received orders via computer mediated networks, % of enterprises. Within the article, the features of the ICT sector development in the COVID-19 context are examined, and it is analyzed how the pandemic has affected the development of this sector in long and short terms. The study showed that the ICT sector today already plays a key role in the development of the national economies. Countries where the sector is developing faster show better performance and economic development.

Download Full-text