scholarly journals Crafting an Endogenous Developmental Pathway for the Mgobodzi Community, South Africa

2021 ◽  
Vol 3 (1) ◽  
pp. 31-45
Author(s):  
Olayemi Bakre ◽  
Nirmala Dorasamy
Keyword(s):  
South Africa ◽  
Rural Development ◽  
Endogenous Growth ◽  
Developmental Trajectory ◽  
Growth Theory ◽  
Developmental Pathway ◽  
Endogenous Growth Theory ◽  
Accelerate Development ◽  
Development Trajectory ◽  
The Government

The Mgobodzi community of the Nkomazi Municipality is perceived as one of the most poverty-stricken and under-developed communities in South Africa. As an agendum to alleviating poverty, the government has employed a variety of developmental initiatives to accelerate development within this community. Despite the enormous investments and concentrated developmental interventions, little improvement has been noticed in regard to the state of poverty within this community as compared to the situation prior the kick-starting of these governmental interventions. In consonance, this study aims to propose an alternative developmental trajectory for this community through the ‘Endogenous growth theory’. The novelty of this research lies in its plausibility and dependence on insights from experienced rural development stakeholders, alongside beneficiaries of this community. The study found that the current rural development trajectory lacks crucial insights into the fundamental demands of this deprived community. The time of realism has set in for stakeholders to make more proactive interventions in addressing the awful specter of under-development and poverty epitomised amongst this community. Such realism is advocated in this research through the ‘conceptualisation of the endogenous growth theory’.

scholarly journals Small, Medium and Micro-Sized Enterprises (SMMEs) and the housing construction industry: A possible solution to South Africa's socio-economic problems

1999 ◽  
Vol 2 (1) ◽  
pp. 21-33 ◽  
Author(s):  
C. S. Joubert ◽  
N. J. Schoeman ◽  
J. N. Blignaut
Keyword(s):  
South Africa ◽  
Endogenous Growth ◽  
Construction Industry ◽  
South African ◽  
Developing Country ◽  
Housing Construction ◽  
Growth Theory ◽  
Economic Problems ◽  
Endogenous Growth Theory ◽  
Low Levels

South Africa as a developing country faces many socio-economic problems like high unemployment, low levels of working skills, poverty and rampant crime. In this paper it is argued that by targeting SMMEs both in general and specifically in the housing construction industry, there is meaningful scope for the creation of jobs in the South African economy. This is mainly because SMMEs are labour intensive. Using Endogenous Growth theory as a basis, it is argued that by employing greater numbers of workers the level of skills in the economy can be raised too.

scholarly journals ENDOGENOUS GROWTH THEORY : PENGARUH BELANJA KESEHATAN DAN PENDIDIKAN TERHADAP EKONOMI

2021 ◽  
Vol 3 (1) ◽  
pp. 20-38
Author(s):  
Ming Shen ◽  
Azka Dhiya ◽  
Kathya Kathya
Keyword(s):  
Human Resources ◽  
Endogenous Growth ◽  
Government Spending ◽  
Growth Theory ◽  
Education Spending ◽  
Endogenous Growth Theory ◽  
Education And Health ◽  
Productivity Increase ◽  
The Government

Indonesia has a considerable amount of human resources. Those resources should be empowered more in order to contribute to the economy. The proposition that can be taken to manage the plans is investing in human resources through the form of education and health. When the society becomes healthier and skillful, then they can contribute positively to the economy through productivity increase. The intervention of the government’s role in both sectors can be through government spending such as making programs or facilities that are expected to benefit the society. Therefore, this literature intends to see whether the government spending on the education and health sectors can contribute positively to the economy or even the opposite, using the OLS method with a research span from 1990 to 2019. The results show that health and education spending significantly affects the economy. This indicates that workers in Indonesia are getting skillful and also supported by their health, so that the productivity is well maintained. Both of these statements reflect that health and education spending in Indonesia has an impact on the economy through productivity increase.

2018 Nobel Economics Prize: Integrating Climate Change Measures into Sustainable Economic Growth

2018 ◽  
Vol 34 (4) ◽  
Author(s):  
Nguyen Thi Thuc An ◽  
Dau Kieu Ngoc Anh
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Endogenous Growth ◽  
Environmental Issues ◽  
Growth Theory ◽  
Endogenous Growth Theory ◽  
Technological Advances ◽  
Academy Of Sciences ◽  
Sustainable Economic Growth

The 2018 Nobel Economics Prize was awarded to two American economists - William D. Nordhaus and Paul M. Romer - who designed methods for better assessing environmental issues and technological advances on growth. This year’s Laureates, Nordhaus was the first person to create an intergrated model to assess interactions between society and nature and Romer laid the foundation for what is now called endogenous growth theory. According to the Swedish Royal Academy of Sciences, these two macroeconomists’ research have helped “significantly broaden the scope of economic analysis by constructing models that explain how the market economy interacts with nature and knowledge” which integrates climate change measures into long-term sustainable economic growth. Keywords Nobel in economics, William D. Nordhaus, Paul M. Romer, climate change, endogenous growth theory, economic growth References [1] Y Vân (2018), “Lý lịch 'khủng' của hai nhà khoa học vừa giành giải Nobel Kinh tế 2018”, Vietnambiz, đăng tải ngày 08/10/2018, https://vietnambiz.vn/ly-lich-khung-cua-hai-nha-khoa-hoc-vua-gianh-giai-nobel-kinh-te-2018-95776.html[2] Jonas O. Bergman, Rich Miller (2018), “Nordhaus, Romer Win Nobel for Thinking on Climate, Innovation”, đăng tải ngày 8/10/2018, https://www.bloomberg.com/news/articles/2018-10-08/nordhaus-romer-win-2018-nobel-prize-in-economic-sciences [3] Antonin Pottier (2018), “Giải Nobel” William Nordhaus có thật sự nghiêm túc?”, Nguyễn Đôn Phước dịch, đăng tải ngày 11/10/2018, http://www.phantichkinhte123.com/2018/10/giai-nobel-william-nordhaus-co-that-su.html[4] Thăng Điệp (2018), “Giải Nobel kinh tế 2018 về tay hai người Mỹ”, đăng tải ngày 8/10/2018, http://vneconomy.vn/giai-nobel-kinh-te-2018-ve-tay-hai-nguoi-my-20181008185809239.htm[5] Lars P. Syll (2018), “Cuối cùng - Paul Romer cũng có được giải thưởng Nobel”, Huỳnh Thiện Quốc Việt dịch, đăng tải ngày 14/10/2018, http://www.phantichkinhte123.com/2018/10/cuoi-cung-paul-romer-cung-co-uoc-giai.html[6] Phương Võ (2018), “Nobel Kinh tế 2018: Chạm tới bài toán khó của thời đại”, đăng tải ngày 9/10/2018, https://nld.com.vn/thoi-su-quoc-te/nobel-kinh-te-2018-cham-toi-bai-toan-kho-cua-thoi-dai-20181008221734228.htm[7] Đông Phong (2018), “Nobel Kinh tế cho giải pháp phát triển bền vững và phúc lợi người dân”, đăng tải ngày 8/10/2018, https://news.zing.vn/nobel-kinh-te-cho-giai-phap-phat-trien-ben-vung-va-phuc-loi-nguoi-dan-post882860.html[8] Thanh Trúc (2018), “Giải Nobel kinh tế 2018: Thay đổi tư duy về biến đổi khí hậu”, https://tusach.thuvienkhoahoc.com/wiki/Gi%E1%BA%A3i_Nobel_kinh_t%E1%BA%BF_2018:_Thay_%C4%91%E1%BB%95i_t%C6%B0_duy_v%E1%BB%81_bi%E1%BA%BFn_%C4%91%E1%BB%95i_kh%C3%AD_h%E1%BA%ADu[9] Cẩm Anh (2018), “Nobel kinh tế 2018: Lời giải cho tăng trưởng kinh tế bền vững”, đăng tải ngày 11/10/2018, http://enternews.vn/nobel-kinh-te-2018-loi-giai-cho-tang-truong-kinh-te-ben-vung-137600.html.

Effective Planning for Rural Development in A Democratic South Africa: The Prospects of Rural Cooperatives

2021 ◽  
Vol 18 (1) ◽  
Author(s):  
France Khutso Lavhelani Kgobe
Keyword(s):  
South Africa ◽  
Rural Development ◽  
South African ◽  
Rural Areas ◽  
Social Capital Theory ◽  
Capital Theory ◽  
Rural Cooperatives ◽  
The Government ◽  
Almost All ◽  
Effective Planning

This paper explores the potency of rural cooperatives for the effective planning and implementation of rural strategies to address poverty. Rural cooperatives function as a participatory approach that provides the potential to equip and empower people in rural areas with various skills. Hence, rural cooperatives represent the means and strategies to unshackle rural people from the vicious circle of poverty. The contestation about a deadlock of rural development has become pertinent in the recent and ongoing political transformation in South Africa. This paper is grounded on the social capital theory and its ideals. As such, it depends on a literature review for its premise, argument, crux and purpose, as well as drawing up results and conclusions. The paper gathers information in respect of various scholars’ notions on rural cooperatives and rural development from related articles, journals and books. The paper reveals that where the South African government is confronted and characterised by some form of upheaval and service delivery challenges, so rural cooperatives are fit to capacitate citizens to avoid depending on the government for scarce resources. The paper further reveals that rural cooperatives are deemed to ameliorate the long-standing patterns of developmental backlogs in almost all South African municipalities. The conclusion that can be made from this paper is that the authentic promotion of rural development in the formulation of a well-informed legislative framework, that is clear and unambiguous, can deal effectively with the challenges of rural cooperatives.

Endogenous Growth Theory for natural scientists

10.1038/1982 ◽  
1998 ◽  
Vol 4 (9) ◽  
pp. 995-999
Author(s):  
Terence Kealey ◽  
Aram Rudenski
Keyword(s):  
Endogenous Growth ◽  
Growth Theory ◽  
Endogenous Growth Theory ◽  
Natural Scientists
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