Economic Growth, Convergence, and Government Policies

2019 ◽  
pp. 9-28
Author(s):  
Robert J. Barro
Keyword(s):  
Economic Growth ◽  
Government Policies ◽  
Growth Convergence

scholarly journals Do government policies drive economic growth convergence? Evidence from East Java, Indonesia

2021 ◽  
Vol 9 (1) ◽  
Author(s):  
Achmad Solihin ◽  
Wahyu Wisnu Wardana ◽  
Erfan Fiddin ◽  
Ni Made Sukartini
Keyword(s):  
Economic Growth ◽  
Government Policies ◽  
Growth Convergence

Overview of Global Development Patterns

2014 ◽  
pp. 1-23
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Income Distribution ◽  
Growth Trajectory ◽  
Future Trends ◽  
Global Development ◽  
Growth Trends ◽  
Development Patterns ◽  
Growth Convergence ◽  
Global Growth

This chapter introduces readers to growth economies and discusses why studies on economic growth are important. It proceeds to identifying global growth trends in the last four decades and provides a summary of world's income distribution. A concise survey of the convergence debate (which seems to have lost its prominence now) is also presented. The summary of some influential studies on income and growth convergence, however, states that the world's incomes have largely diverged, although convergence has been noted in at least two pockets of countries. Because the details are presented later in the text, only a brief summary of how theoretical economists view “sources of growth” is presented here. This chapter concludes with a discussion on the future trends in economic theory and global growth trajectory.

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

scholarly journals Theoretical analysis and relationship of government and private investment on economic growth and employment absorption

2021 ◽  
Vol 9 (3) ◽  
pp. 059-067
Author(s):  
M. Ramadhan
Keyword(s):  
Economic Growth ◽  
Theoretical Analysis ◽  
Natural Resources ◽  
Private Investment ◽  
Government Policies ◽  
Government Investment ◽  
Public And Private ◽  
Depth Analysis ◽  
Relationship Of ◽  
Poverty Levels

One of the goals to be achieved in developing public and private investment is to encourage economic growth and employment. Positive economic growth is needed because it means that it has driven faster economic growth and increased the absorption of Employment. This study aims to obtain an analysis of the theoretical relationship between government investment and private investment on economic growth and employment, especially in South Kalimantan Province as the object of research. South Kalimantan Province is one of the regions in Indonesia which has a large potential for natural resources. The method used in this research is to use Path Analysis and analysis of theoretical findings based on in-depth analysis of various literature studies and observations which are expected to prove that government investment and private investment affect employment and economic growth which in turn can affect poverty levels. . The results of the study are expected to obtain important theoretical findings that can contribute to the formulation of government policies.

scholarly journals PERAN SEKTOR PERIKANAN PADA WILAYAH PESISIR PERBATASAN KALIMANTAN BARAT

2018 ◽  
Vol 13 (1) ◽  
pp. 15
Author(s):  
Maulana Firdaus ◽  
Rikrik Rahadian
Keyword(s):  
Economic Growth ◽  
Government Policies ◽  
Location Quotient ◽  
Minimum Requirement ◽  
Border Areas

ABSTRAKPembangunan wilayah pesisir perbatasan menjadi sebuah tantangan besar karena selalu identik dengan ketertinggalan. Sektor perikanan dianggap telah teruji dan mampu menjadi mesin pertumbuhan ekonomi. Penelitian ini bertujuan untuk mengetahui peranan sektor perikanan di wilayah perbatasan (Kalimantan Barat) Indonesia khususnya yang ada di Kabupaten Sambas. Pendekatan kebutuhan minimum dan analisis ”location quotient” digunakan dalam penelitian ini. Hasil analisis menunjukkan bahwa sektor perikanan di wilayah perbatasan Kalimantan Barat memiliki peranan yang besar. Besarnya peranan sektor perikanan ditunjukkan dengan nilai basis multiplier dari sektor perikanan sebesar1,09 dan nilai LQ sebesar 3,18. Pengembangan sektor perikanan di wilayah perbatasan memerlukan dukungan arah kebijakan dan infrastruktur sehingga sektor perikanan dapat menjadi sektor unggulandan penggerak pertumbuhan.The Role of Fisheres Sector in the Coastal Border Areas of West BorneoABSTRACTDevelopment of coastal border areas becomes a great challenge since it is identically the same with backwardness. Fisheries sector is considered capable to be the engine of economic growth. This study aims to identify the role of the fisheries sector in the border areas (West Borneo) of Indonesia particularly in Sambas district. The Minimum Requirement Approach (MRA) and Location Quotient (LQ) were used in this study. The analysis shows that fisheries sector in West Borneo border areas has asignificant role. It is indicated by the value of multiplier basis of the fishery sector in Sambas district of 1.09 and LQ of 3,18. Government policies and infrastructures are required to develop fisheries sector in  the border areas in order to create a leading sector and economic trigger.

scholarly journals A σ-Convergence Model for Analyzing the Balance of Insurance Industry in China

2021 ◽  
Vol 2021 ◽  
pp. 1-8
Author(s):  
Zeyun Yang ◽  
Wendong Xiao ◽  
Qiaoling Fu
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Spatial Correlation ◽  
Regional Differences ◽  
Insurance Industry ◽  
Balanced Development ◽  
Empirical Results ◽  
Growth Convergence ◽  
Convergence Model ◽  
Insurance Development

There are significant regional differences in the development of China’s insurance industry. An important question is that such regional differences are expanding or shrinking? Based on Barrow’s economic growth convergence model, this paper uses the σ convergence model to analyze the differences in the development of China’s insurance industry and its trends. It draws on the statistics data from 1990 to 2020. The empirical results show that the convergence of China’s insurance development is not obvious before 2006, but it shows a significant convergence after 2006. And, there are some differences between the Eastern, the Central, and the Western. Furthermore, when considering the spatial correlation, the convergence of insurance development among provinces in China is more obvious. This shows that the flowing of capital, technology, and labor force between regions may be beneficial to the balanced development of insurance among the regions.

Alcohol demand will rise in East Africa

2017 ◽  
Keyword(s):  
Economic Growth ◽  
Middle East ◽  
Population Growth ◽  
East Africa ◽  
Government Policies ◽  
East African ◽  
Content Type ◽  
Craft Beer ◽  
Alcohol Demand ◽  
Consumer Tastes

Significance Several of Africa’s largest alcohol markets are in East Africa. Changing consumer tastes, economic growth and government policies are shaping the landscape of the sector. Many of the world’s largest players in the industry are active in the region. Africa and the Middle East could lead growth in the global beer market in the coming years. Impacts Urbanisation and population growth will offer attractive markets for investment. However, reversals in economic growth among East African states would halt expansion in the sector. South Africa’s growing craft beer market could find other markets in the region. While Kenya’s beer market is attractive, the government’s tax policy will give investors pause.

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