scholarly journals Does Institutions Effect Growth in Pakistan? An Empirical investigation

2019 ◽  
Vol 5 (2) ◽  
pp. 1
Author(s):  
Danish Ahmed Siddiqui ◽  
Qazi Masood Ahmed
Keyword(s):  
Economic Growth ◽  
Policy Implication ◽  
Empirical Investigation ◽  
Rent Seeking ◽  
Economic Aspects ◽  
Long Run ◽  
Social Technologies ◽  
Risk Reducing

This paper presents an index of institutionalized social technologies for Pakistan, covering its two main dimensions namely Risk reducing technologies and Anti Rent seeking technologies and in turn covers several social, institutional, political and economic aspects. It is also analyzed empirically whether the overall index as well as sub-indexes constructed to measure the single dimensions affects economic growth. The results show that over all, institutions promote growth in long run for Pakistan. Therefore, for a policy implication, success of any policy could be influenced by the soundness of institutions.

Financial Development and Economic Growth in Asian Countries: A Panel Empirical Investigation

2020 ◽  
Vol 6 (2) ◽  
pp. 76
Author(s):  
Cher Chen ◽  
GholamReza Zandi Pour ◽  
Edwin R. de Los Reyes
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Quantitative Research ◽  
Empirical Investigation ◽  
Time Frame ◽  
Asian Countries ◽  
African Region ◽  
Dynamic Panel ◽  
Unit Root Testing ◽  
Long Run

This study aimed to evaluate the association of financial development and economic growth by considering the case of 10 Asian countries. The study used quantitative research design where the preliminary testing was conducted using descriptive statistics and unit root testing. The sample size comprised of 10 emerging Asian countries (India, China, Malaysia, Philippines, Pakistan, Thailand, Singapore, Bhutan, Vietnam, and Bangladesh) and the time-frame for the study was 1990 to 2018. The main techniques of analysis were Pedroni cointegration, dynamic panel least squares (DOLS) and Granger Causality. This study concluded that long-run equilibrium existed between financial development and economic growth. The research was limited to the case of Asian countries, therefore, in future, the evaluation of European countries can be conducted or African region can also be undertaken into consideration.

A CONTEMPORARY RE-EXAMINATION OF MALAYSIA’S ECONOMIC GROWTH: THE ISSUES OF EQUITY, EFFICIENCY AND LIBERALIZATION

2017 ◽  
Vol 62 (02) ◽  
pp. 509-530 ◽  
Author(s):  
AZFAR HILMI BAHARUDIN ◽  
YAP SU FEI
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Least Squares ◽  
Financial Development ◽  
Direct Investment ◽  
Positive Relationship ◽  
Empirical Investigation ◽  
Ordinary Least Squares ◽  
Statistical Relationship ◽  
Long Run

This paper is an empirical investigation on economic growth for Malaysia, with focus on income inequality, foreign direct investment (FDI), financial development and trade. Co-integrating regression procedures namely, fully modified ordinary least squares (FMOLS), canonical co-integrating regression (CCR) and dynamic ordinary least squares (DOLS) were employed. Positive relationship between growth with financial development and trade are found to be consistent across all estimations. Income inequality on the other hand though negative, does not seem to exhibit robust significant statistical relationship with growth. The orders of integration for variables used have been demonstrated to be governed such that a long-run relationship prevails.

scholarly journals Economic Growth And Carbon Emissions In South Africa: An Empirical Investigation

2011 ◽  
Vol 10 (7) ◽  
pp. 75 ◽  
Author(s):  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Energy Consumption ◽  
Co2 Emissions ◽  
Carbon Emissions ◽  
Empirical Investigation ◽  
Output Growth ◽  
Bounds Testing ◽  
Conservation Policies ◽  
Long Run

In this paper we examine the causal relationship between CO2 emissions and economic growth in South Africa - using the newly developed ARDL-Bounds testing approach. We incorporate energy consumption in a bivariate causality setting between CO2 emissions and economic growth, thereby creating a simple trivariate model. Our empirical results show that there is a distinct unidirectional causal flow from economic growth to carbon emissions in South Africa. We also find that energy consumption Granger-causes both carbon emissions and economic growth. We recommend that energy conservation policies, as well as appropriate forms of renewable energy, should be explored in South Africa in order to enable the country to reduce its carbon emission footprint without necessarily sacrificing its output growth. The results apply irrespective of whether the causality is estimated in the short or in the long run.

scholarly journals DAMPAK IMPLEMENTASI MANDAT KONSUMSI BAHAN BAKAR NABATI TERHADAP PEREKONOMIAN INDONESIA

2018 ◽  
Vol 1 (1) ◽  
pp. 62-78
Author(s):  
Sugiyono Sugiyono ◽  
Rina Oktaviani ◽  
Dedi Budiman Hakim ◽  
Bustanul Arifin
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Food Security ◽  
Energy Security ◽  
Policy Implication ◽  
Household Income ◽  
Carbon Emission ◽  
Job Creation ◽  
Long Run ◽  
Mitigate Climate Change

Before 2006, biofuel mandate consumption was expected to contribute to increase economic growth and job creation, decrease poverty, mitigate climate change, and improve energy security. The objective of the study is an analysis of implementation of biofuel mandate in Indonesian economy. This research applied the long run of Recursive Dynamic General Equilibrium (RDGE) model by Indonesian Forecasting. Three simulations are used to increase of biofuel demand, seconds to increase of biofuel agriculture land expansion, deforestation, and rise fixed capital, and to last change agricultural and biofuel productivity. The policy of biofuel mandate implementation is effectively to increase economic growth, rise household income, and improve carbon emission, but less effective to built food security and feed, decline employment by industri for non biofuel agriculture, and descend forest and other forest outputs in Indonesia. The policy implication is to increase output for non biofuel agriculture by rising productivity and policy of import and inflation targetting to take sides for welfare farmer’s and food employee’s.  Keywords: Biofuel, RDGE, food security, carbon emission

scholarly journals Re-Visting the Electricity-Growth Nexus in South Africa

2016 ◽  
Vol 11 (1) ◽  
pp. 97-111 ◽  
Author(s):  
Andrew Phiri ◽  
Bothwell Nyoni
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
South African ◽  
Empirical Investigation ◽  
Research Study ◽  
Electricity Consumption ◽  
Domestic Investment ◽  
Long Run ◽  
Trivariate Analysis

AbstractThis research study contributes to the ever-expanding literature by examining multivariate cointegration and causality relationships between electricity consumption, economic growth and other growth determinants for quarterly South African data collected between 1994/Q1 – 2014/Q4. The motivation behind this current research case study becomes apparent when taking into consideration that no previous studies have gone further than bivariate and trivariate analysis in investigating the electricity-growth nexus in South Africa. In conducting our empirical investigation, our obtained empirical results are two-fold in nature. Firstly, we find significant multivariate long-run cointegration relationships between economic growth, electricity consumption and other growth determinants. Secondly, our empirical analysis offers support in favour of the neutrality hypothesis, that is, the notion of no causal effects existing between electricity consumption and economic growth in the long-run. However, we find that exports directly cause electricity consumption whereas economic growth, domestic investment and employment levels causally flow to exports.

scholarly journals DAMPAK IMPLEMENTASI MANDAT KONSUMSI BAHAN BAKAR NABATI TERHADAP PEREKONOMIAN INDONESIA

2018 ◽  
Vol 1 (1) ◽  
pp. 62-78
Author(s):  
Sugiyono Sugiyono ◽  
Rina Oktaviani ◽  
Dedi Budiman Hakim ◽  
Bustanul Arifin
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
Food Security ◽  
Energy Security ◽  
Policy Implication ◽  
Household Income ◽  
Carbon Emission ◽  
Job Creation ◽  
Long Run ◽  
Mitigate Climate Change

Before 2006, biofuel mandate consumption was expected to contribute to increase economic growth and job creation, decrease poverty, mitigate climate change, and improve energy security. The objective of the study is an analysis of implementation of biofuel mandate in Indonesian economy. This research applied the long run of Recursive Dynamic General Equilibrium (RDGE) model by Indonesian Forecasting. Three simulations are used to increase of biofuel demand, seconds to increase of biofuel agriculture land expansion, deforestation, and rise fixed capital, and to last change agricultural and biofuel productivity. The policy of biofuel mandate implementation is effectively to increase economic growth, rise household income, and improve carbon emission, but less effective to built food security and feed, decline employment by industri for non biofuel agriculture, and descend forest and other forest outputs in Indonesia. The policy implication is to increase output for non biofuel agriculture by rising productivity and policy of import and inflation targetting to take sides for welfare farmer’s and food employee’s.  Keywords: Biofuel, RDGE, food security, carbon emission

scholarly journals The Causal Relationship Between Institutions and Economic Growth: An Empirical Investigation for Pakistan Economy

2019 ◽  
Vol 5 (1) ◽  
pp. 1 ◽  
Author(s):  
Danish Ahmed Siddiqui ◽  
Qazi Masood Ahmed
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Economic Performance ◽  
Empirical Investigation ◽  
Institutional Quality ◽  
Granger Causality Test ◽  
Causality Test ◽  
Long Run ◽  
Study Results ◽  
Short Run

This paper investigates relationship between institutional quality and economic performance in Pakistan using the Johansen-Juselius cointegration technique and the Granger causality test. The study results indicate that Institutions and growth are cointegrated and thus exhibit a reliable long run relationship. The Granger causality test findings indicate that the causality between Institutions and growth is uni-directional.However, there is no short run causality from Institutions to growth and vice versa. Therefore, as a policy implication that institutional quality may cause to the sustainable increase in country’s income in the long run, and success of any policy could be influenced by the soundness of institutions.

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