An Analysis of Higher Education Investment and Regional Economic Growth of Local Governments

2018 ◽  
Vol 27 (4) ◽  
pp. 135-166
Author(s):  
Jin Kwon Lee ◽  
Su Jin Kim
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Local Governments ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Education Investment

Scientific and Innovative Aspects of Regional Economic Development

2020 ◽  
pp. 146-156
Author(s):  
E. O. Butova
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Economic Development ◽  
National Policy ◽  
Regional Economic Development ◽  
Innovative Activity ◽  
Regional Economic Growth ◽  
Innovative Development ◽  
Regional Economic ◽  
Scientific Potential

Innovation-driven development of the Russian economy requires a consistent national policy aimed at boosting scientific and innovative activity in the regions, which would facilitate the development of entrepreneurship and technology. It also plays an important role in ensuring the socio-economic progress of the regions and efficiency of income distribution.Aim. The presented study aims to examine the potential directions for optimizing scientific and innovative activity in regional socio-economic development and to identify factors that facilitate the intensification of innovative activity in the regions.Tasks. The authors conduct a correlation analysis between scientific and economic development of the regions with allowance for such factors as the level of education of the population and the number of researchers engaged in research and development (R&D). They also assess the current state of scientific and innovative activity and the national policy on the formation of the scientific and innovative potential of the regions.Methods. The methodological basis of the study of the scientific and innovative aspects of regional economic development includes correlation-regression analysis and abstract logical methods.Results. This study substantiates the role of scientific and innovative activity in regional economic development; determines a positive correlation between regional economic growth and the number of researchers; establishes an inverse correlation between scientific and economic development based on the dependence of innovative activity in the regions on the accumulated scientific potential; empirically assesses the impact of innovative factors on regional economic growth and proposes directions for improving the efficiency of the regional system of science and innovation.Conclusions. Concentrations of knowledge are analyzed as agglomerations of expenses on research and development, science and technology. This leads to an increase in the number of scientists, engineers, scientific and technological personnel of innovative enterprises in various Russian regions. A correlation analysis between scientific and economic regional development shows that per-capita GRP growth rate by the number of researchers is statistically significant, which means there are several factors affecting this dependence: geographical accessibility of higher education, university expenses on infrastructure and services, job creation, additional revenue from students from other countries and regions. It is established that efficient regional higher education systems and innovative development have a positive effect on regional economic development. The conducted analysis shows that a policy on the innovative development of resource regions should be based on government support that would facilitate the creation of innovations and strengthening of scientific potential.

scholarly journals Fiscal Decentralization and Economic Growth in Thailand: A Cross-Region Analysis

2019 ◽  
Vol 11 (1) ◽  
pp. 147
Author(s):  
Phouthakannha Nantharath ◽  
Sirisak Laochankham ◽  
Peerasit Kamnuasilpa ◽  
Eungoo Kang
Keyword(s):  
Economic Growth ◽  
Least Squares ◽  
Local Governments ◽  
Fiscal Decentralization ◽  
Local Level ◽  
Regional Economic Growth ◽  
Regional Economic ◽  
Positive Effects ◽  
Fiscal Imbalance ◽  
Vertical Fiscal Imbalance

Prior to the 1997 decentralization, over 90% of national revenue in Thailand were held at the central government and less than 10% of public expenditure were allocated to local governments across country. Lack of adequate revenue and access to sufficient expenditure budget has caused disparity and ineffectiveness of public services and economic development at the local level. This study examines the effects of the fiscal decentralization on the economic growth in Thailand from 2004 to 2017. The research methodology uses a cross panel data analysis across five provincial regions and considers revenue decentralization, expenditure decentralization, transfer dependency, and vertical fiscal imbalance as influential factors of growth. By applying Panel Fully Modified Least Squares (FMOLS) and Panel Dynamic Least Squares (DOLS) regression approaches, the study finds empirical evidence of positive effects of revenue decentralization, transfer dependency, and vertical fiscal imbalance on regional economic growth across five regions. However, this study also finds that expenditure decentralization has a negative impact on regional economic growth, but level of significance is weak. These findings suggest that the rapid increase in metropolis government expenditure budget following the years of political transition in 2006 and 2014 has caused stagnation in public investment at local level across country, thereby resulted in a lagged behind industrial output and gross provincial product. Lack of budget expenditures also weakens demand and stagnates growth in manufacturing, construction, and real estate activities, thereby rendering fiscal imbalances and development gaps in Thai economy.

scholarly journals PENGARUH DESENTRALISASI FISKAL, INVESTASI, DAN INDEKS PEMBANGUNAN MANUSIA TERHADAP PERTUMBUHAN EKONOMI REGIONAL DI PROVINSI KALIMANTAN TIMUR

2020 ◽  
Vol 1 (2) ◽  
pp. 57-72
Author(s):  
Agung Dinarjito ◽  
Almizar Dharmazi
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Human Development Index ◽  
Local Governments ◽  
Fiscal Decentralization ◽  
Regional Economic Growth ◽  
Government Investment ◽  
Regional Economic ◽  
Development Index ◽  
East Kalimantan

Economic growth can be influenced by several factors, including fiscal decentralization, government investment, and also the level of human development. Therefore, this study aims to analyze the effect of fiscal decentralization, investment and human development index on regional economic growth in the province of East Kalimantan. East Kalimantan Province is one of the biggest mining producers in Indonesia, but the economic growth is negative. This research is a quantitative descriptive study using linear regression analysis method. The conclusion from this study is that only the human development index significantly influences regional economic growth in East Kalimantan Province. The author hopes that this research will be able to encourage Local Governments to evaluate existing policies by focusing on human development, increasing the effectiveness of Government investment and overseeing the implementation of fiscal decentralization.Pertumbuhan ekonomi dapat dipengaruhi oleh beberapa faktor, antara lain desentralisasi fiskal, investasi pemerintah, dan juga tingkat pembangunan manusianya. oleh karena itu, penelitian ini bertujuan untuk menganalisisi pengaruh desentralisasi fiskal, investasi dan indeks pembangunan manusia terhadap pertumbuhan ekonomi regional di Provinsi Kalimantan Timur. Provinsi Kalimantan Timur merupakan salah satu penghasil tambang terbesar di Indonesia, namun pertumbuhan ekonominya secara rata-rata negatif. Penelitian ini merupakan penelitian kuantitatif deskriptif dengan menggunakan metode analisis regresi linier. Simpulan dari penelitian ini adalah bahwa hanya indeks pembangunan manusia yang secara signfikan mempengaruhi pertumbuhan ekonomi regional di Provinsi Kalimantan Timur. Penulis berharap agar penelitian ini mampu mendorong Pemerintah Daerah mengevaluasi kebijakan yang ada dengan memfokuskan pada pembangunan manusia, meningkatkan efektivitas investasi Pemerintah dan pengawasan pelaksanaan desentralisasi fiskal.

scholarly journals Does Customs Facilitation Programs help enchance Regional Economic Growth ?

2018 ◽  
Vol 1 (2) ◽  
pp. 83-91
Author(s):  
Mohammad Fachrudin ◽  
Ario Seno Nugroho ◽  
Fardhani Hamiputri Akhzan
Keyword(s):  
Economic Growth ◽  
Local Governments ◽  
Fiscal Decentralization ◽  
Regional Economic Growth ◽  
Regional Government ◽  
Import Duty ◽  
Regional Economic ◽  
Tax Rate ◽  
Growth Policy ◽  
The Relationship

To date, measuring the effect of customs facilitation and fiscal decentralization are seen as essential to assist regional government. This activities are important in order to direct the regional economic growth policy. The customs facilitation is important because this policy could reduce the tax rate in trade activities. While the fiscal descentralization gives the local governments higher authrority to manage their funds. The local government s need an assurance, regarding the relationship between the utilization of customs facilitation and the fiscal descentralization to their regional economic growth, in order to optimize the benefit of this instrument. This research describes the relationship between Customs facilitation, namely Free of import duty and import taxes, fiscal decentralization, namely own-source revenue and general allocation grant, to the regional economic growth in West Java. The panel data from 2012 to 2015 and regression analysis are used in this paper. The result implies that the customs facilitation, in the form of cooperation with Indonesia Investment Coordinating Board  import taxes, has a positive and significant impact on regional economic growth.

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