scholarly journals Burundi

2020 ◽  
Vol 20 (224) ◽  
Author(s):  
Keyword(s):  
Economic Growth ◽  
Economic Impact ◽  
External Financing ◽  
Regional Environment ◽  
Foreign Demand ◽  
Percentage Points ◽  
Trading Partners ◽  
Containment Measures ◽  
External Sources ◽  
Global Growth

Economic impact. COVID-19 is having an adverse economic impact on Burundi. The pandemic is affecting Burundi through an evolving domestic outbreak and economic spillovers from the global and regional environment, including from the containment measures introduced in trading partners and neighboring countries. Economic growth projections for 2020 have been revised down by 5.3 percentage points to -3.2 percent in 2020. The pandemic has exacerbated pre-existing economic challenges and creates an external financing need of 4.7 percent of GDP in 2020 and 2021, mainly as a result of lower exports in line with lower foreign demand due to lower global growth and transportation bottlenecks from containment measures in other countries; elevated imports needs related in part to the planned fiscal spending aimed at responding to the pandemic; and reduced remittances inflows. The pandemic has also created a fiscal financing need of 6.9 percent of GDP, which will need to be met mainly from external sources.

Oil, Rates and Inflation

2005 ◽  
pp. 4-20
Author(s):  
E. Yasin
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Raw Materials ◽  
Gdp Growth ◽  
Business Activity ◽  
Demand For Money ◽  
Percentage Points

Currency inflow in Russia from raw materials exports allows taking into account high business activity to assimilate growing money supply transforming it into economic growth. Fall in business activity as a result of pressure on business led to saturation of demand for money. This considerably increases the danger of inflation growth and requires sterilization of excess money supply including the usage of the Stabilization Fund. According to the author's estimates, corresponding losses in GDP growth will equal 1-2 percentage points per year.

scholarly journals Sustainable Tourism, Economic Growth and Employment—The Case of the Wine Routes of Spain

2021 ◽  
Vol 13 (13) ◽  
pp. 7164
Author(s):  
Guillermo Vázquez Vicente ◽  
Victor Martín Barroso ◽  
Francisco José Blanco Jiménez
Keyword(s):  
Economic Growth ◽  
Economic Impact ◽  
Rural Areas ◽  
Local Development ◽  
Tourism Industry ◽  
Wine Tourism ◽  
Development Tool ◽  
The Us ◽  
The Impact ◽  
Positive Effect

Tourism has become a priority in national and regional development policies and is considered a source of economic growth, particularly in rural areas. Nowadays, wine tourism is an important form of tourism and has become a local development tool for rural areas. Regional tourism development studies based on wine tourism have a long history in several countries such as the US and Australia, but are more recent in Europe. Although Spain is a leading country in the tourism industry, with an enormous wine-growing tradition, the literature examining the economic impact of wine tourism in Spanish economy is scarce. In an attempt to fill this gap, the main objective of this paper is to analyze the impact of wine tourism on economic growth and employment in Spain. More specifically, by applying panel data techniques, we study the economic impact of tourism in nine Spanish wine routes in the period from 2008 to 2018. Our results suggest that tourism in these wine routes had a positive effect on economic growth. However, we do not find clear evidence of a positive effect on employment generation.

scholarly journals Trade and Growth

2021 ◽  
pp. 249-277
Author(s):  
Jakkie Cilliers
Keyword(s):  
Economic Growth ◽  
Regional Integration ◽  
Poverty Reduction ◽  
Regional Cooperation ◽  
Free Trade Area ◽  
Successful Implementation ◽  
Trade Area ◽  
Growth Increase ◽  
Trading Partners ◽  
History Of

AbstractCilliers starts by exploring the modern history of international trade and the importance of trade to economic growth and global cooperation. The chapter then provides an overview of Africa’s trading partners, the need for greater regional integration in the continent and the challenges to achieving intra-regional cooperation. It examines the need to improve the quality of governance, bridge the infrastructure deficit and eventually focus on a manufacturing-led growth path. Reducing both tariff and non-tariff barriers could facilitate the successful implementation of African Continental Free Trade Area (AfCFTA), induce economic growth, increase per capita incomes and reduce poverty. A penultimate section models the potential impact of the AfCFTA on growth, poverty reduction and increased average incomes.

scholarly journals Prospects for Vietnam’s Economy in 2013

2013 ◽  
Vol 215 ◽  
pp. 02-11
Author(s):  
NGÂN TRẦN HOÀNG
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
World Economy ◽  
Inflation Rate ◽  
Economic Restructuring ◽  
Short Term ◽  
Economic Growth Model ◽  
The World ◽  
Global Growth

In 2012, Vietnam?s economy faced great challenges. The world economy experienced more difficulties and complicated upheavals. International trade fell drastically while global growth rate was lower than predicted target, which affected badly the Vietnamese economy because of its full integration into the world economy and large openness. In this context, principal targets set for 2013 are macroeconomic stability, lower inflation rate, higher growth rate, three strategic breakthroughs associated with restructuring of the economy, and a new economic growth model. This paper analyzes obstacles to Vietnam?s economic growth, and offers short-term solutions to bottlenecks and long-term ones to the economic restructuring.

Multiplier Effects and Local Economic Impact

2012 ◽  
pp. 320-334 ◽  
Author(s):  
Peter Von Allmen
Keyword(s):  
Economic Growth ◽  
Economic Impact ◽  
Local Economy ◽  
Full Time ◽  
Tax Rates ◽  
Role Of Government ◽  
Employment Benefits ◽  
Sports Team ◽  
Multiplier Effects ◽  
Full Time Employment

This article investigates the multiplier model in the context of the local impact of expenditures on sports infrastructure. There are two fundamental reasons for the lack of empirical evidence of large multiplier effects: inflated estimates of the direct effects, or the “base” increase in spending; and leakage from the local economy that diminishes the multiplier. The appropriate base expenditure of hosting a team in a city is the net new spending on local incomes and businesses plus local taxes paid. The effect of tax rates on the multiplier is less ambiguous. The full-time employment benefits are small, as the ratio of part-time to full-time employment is roughly ten to one. The role of government in stimulating economic growth has always been the subject of debate in macroeconomics. Local economic impact studies argue that stadium projects and playing host to a professional sports team are legitimate engines of economic growth.

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.

External sources and economic growth-the role of foreign remittances: Evidence from Europe and Central Asia

2016 ◽  
Vol 50 (2) ◽  
pp. 367-387 ◽  
Author(s):  
Muhammad Azam ◽  
Muhammad Shahbaz ◽  
Phouphet Kyophilavong ◽  
Qaisar Abbas
Keyword(s):  
Economic Growth ◽  
Central Asia ◽  
External Sources

scholarly journals Institutional reform and economic growth of China: 40-year progress toward marketization

2019 ◽  
Vol 69 (s1) ◽  
pp. 7-20 ◽  
Author(s):  
Gang Fan ◽  
Guangrong Ma ◽  
Xiaolu Wang
Keyword(s):  
Economic Growth ◽  
Data Model ◽  
Economic Transition ◽  
Institutional Reform ◽  
Factor Productivity ◽  
Institutional Reforms ◽  
Economic Growth Rate ◽  
Percentage Points ◽  
Quantitative Contribution ◽  
Future Growth

China has persevered its market-oriented economic transition since 1978. In this paper, we use the provincial-level NERI Index of Marketization from 1997 to 2014 and a panel data model to investigate the quantitative contribution of market-oriented reforms to China’s total factor productivity (TFP) and economic growth. Our results indicate that marketization reforms contributed 1.3 percentage points to China’s annual economic growth rate and accounted for 35 percent of the increase in TFP. This means that the institutional reforms significantly improved resource allocation. However, economic transition in China has not yet been completed and sustainability of future growth will depend on further market-oriented reforms.

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