scholarly journals Industrialising the Southern African Development Community (SADC) Economies: Prospects and Challenges

2016 ◽  
Vol 3 (2) ◽  
pp. 1
Author(s):  
John Bosco Nizeimana ◽  
Alfred G. Nhema
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Change ◽  
Growth And Development ◽  
Southern African Development Community ◽  
Economic Importance ◽  
African Continent ◽  
Economic Growth And Development ◽  
African Development ◽  
Job Opportunities

<p>This article examines the prospects and challenges of industrialisation as a tool for economic development in the Southern African Development Community (SADC) region. The economic importance of industrialisation is enshrined in its capacity to create job opportunities and facilitate synergies between and among various sectors of the economy. The paper posits that industrialisation is an engine for economic development that can promote sustainable positive social change in any given society. While the perceived view is that, in general, the industrialisation process in Africa has been disappointing; the Southern African Development Community (SADC) has committed itself towards embracing the concept of industrialisation as a tool for economic growth and development. Thus, given the historical failure of this concept on the African continent, it is important to analyse the prospects and challenges likely to be faced by the SADC region in their bid to hasten the industrialisation of their countries. Substantively, the paper relied on documentary research.</p>

scholarly journals Pertumbuhan ekonomi dan ketimpangan pembangunan ekonomi antar wilayah kebijakan pembangunan di Provinsi Jawa Timur

2017 ◽  
Vol 5 (2) ◽  
pp. 163
Author(s):  
Maretha Berlianantiya
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Development Policy ◽  
Growth And Development ◽  
Secondary Data ◽  
Measure Development ◽  
Policy Area ◽  
Economic Growth And Development ◽  
Analysis Technique ◽  
The Relationship

<p><em>This study aimed toknow the relationship and the pattern between economic growth and inequality of economic development in East Java at 2004- 2013. It is determined by the characteristics of development policy area in East Java at 2004- 2013.This research is carried out in East Java province that contains of 29 regencies and 9 cities. They are divided into 4 Bakorwil. This research uses the secondary data, then analyzed by analysis technique of Williamson Index to measure development inequality, correlation of moment product and Regression Curve Estimation.The results of this research are (1) the relationship pattern between economic growth and development inequality tends to be “U” so Kuznets hypothesis does not apply in East Java, and the correlation value of product moment does not significant so the relationship economic growth and development inequality cannot be described. (2) In each Bakorwil, the relationship pattern between economic growth and inequality of economic development is influenced by the characteristics of development policy area in East Java province, likewise with its correlation.</em></p>

scholarly journals The Importance of Entrepreneurship as a Contributing Factor to Economic Growth and Development: The Case of Selected European Countries

2018 ◽  
Vol 10 (4(J)) ◽  
pp. 287-299 ◽  
Author(s):  
Natanya Meyer ◽  
Jacques De Jongh
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth And Development ◽  
Time Series Data ◽  
Early Stage ◽  
Poverty Line ◽  
Entrepreneurial Activity ◽  
Series Data ◽  
The European Union ◽  
Economic Growth And Development

Entrepreneurship has been pointed out as a key contributor to sustained economic growth and development as it not only creates employment, but increased spending in markets, knowledge transfers, employment and innovation. However, very few studies exist that empirically measures the relationship between the three variables; economic growth, economic development and entrepreneurship. Therefore, the purpose of this study is to determine and highlight the importance of entrepreneurship as a contributing factor to economic growth and development. Traditionally, economic growth is measured by the gross domestic product (GDP) of a country. As no formal measurement of economic development exists, an index was created taking into consideration the Human Development Index (HDI), percentage population above the poverty line and employment rate. The entrepreneurship development variable is measured by the Total Early-Stage Entrepreneurial Activity (TEA). The study followed a quantitative research design and made use of secondary time series data with the sample period ranging from 2005 to 2016. The study area comprised five selected member states of the European Union (EU) which included Germany, the Netherlands, Hungary, Belgium and Poland. Findings suggest that economic growth, development and entrepreneurship seem to be inexplicably connected. As several other factors may also contribute to the fluctuations of economic growth and development results differed from one country to another. However, the analyses from the Dutch, Hungarian and Polish economies for the period under consideration reveal correspondingly healthy economic and social environments where entrepreneurial climates are flourishing. The analysis from Germany and Belgium, however reveal subdued entrepreneurial development. Based on these findings, it is recommended that the development of SME sectors especially in transition economies be centralised as important focus areas towards improving economic and social growth outlooks. In turn, policy stakeholders should ensure the creation of enabling environments structured around responsive micro and macro decision-making. 

scholarly journals The Importance and Role of Entrepreneurship in Economic Growth and Development

2014 ◽  
Author(s):  
Asım Günal Önce ◽  
Mehmet Marangoz ◽  
Nedret Erboy
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth And Development ◽  
Well Being ◽  
Cultural Development ◽  
Entrepreneurial Activity ◽  
Production Volume ◽  
Economic Growth And Development ◽  
Entrepreneurial Spirit ◽  
The Impact

Economic growth leads to with increased prosperity with increasing of income levels of people living in a country. Economic development involves social and cultural developments in the economy along with prosperity. Entrepreneurship which is involved in factors of production, labor, capital and technology and brings them together and it takes risks and assess opportunities has an important role in economic growth and development. The basic elements of a country's economic development are individuals who have an entrepreneurial spirit. They are driving force of growth and prosperity. The impact on entrepreneurs' on economic development can be associated with their inventions / scientific research and invention through their innovations, the ability of adaptation innovations, by way of competition raise efficiency, providing employment, making business opportunities and their increasing of production and commercial activities where they are established. In the economies, entrepreneurs increase profits in terms of production volume, stimulating competition and in parallel with leads to the decline prices. In this context, the country's economic growth and development, remaining prosperity affects well-being and quality of life of individuals, their economic prosperity and their social and cultural development. In this study, the role and importance of entrepreneurship in a country's economic growth and development and socio-economic development will be examined in the context of various parameters and in terms of these parameters the relationship between entrepreneurial activity and economic growth will be highlighted.

scholarly journals PENGANGGURAN SERTA DAMPAKNYA TERHADAP PERTUMBUHAN DAN PEMBANGUNAN EKONOMI

2020 ◽  
Vol 2 (3) ◽  
pp. 98-105
Author(s):  
Devit Prasetyo Sejati
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Welfare ◽  
Growth And Development ◽  
Economic Growth And Development ◽  
The Public ◽  
The Government ◽  
The Impact

Unemployment in indonesia must be resolved immediately because it greatly affects economic growth and development. The impact of unemployment spreads to all sectors of the economy. Unemployment is also an obstacle in the process of economic development. How could we not feel the impact now. The economi is in decline, poverty is everywhere which ultimately results in a lack of social welfare and hinders economic growth. Moreover, Indonesia is a country that isstill developing. Problems like this must be resolved immediately with various policies from the government. In addition, there must also be a willingness from the public to move forward to reduce unemployment in order to create social welfare and improved economic growth.

scholarly journals Measuring Economic Growth and Development

2019 ◽  
Vol 2 (1) ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth And Development ◽  
Economic Growth And Development ◽  
Input And Output ◽  
Output Increase ◽  
Material Goods ◽  
Per Capita ◽  
Definition Of ◽  
Capita Output

Economic development is thus a multivariate concept; hence there is no single satisfactory definition of it. Development is conventionally measured as economic growth with level of development in the process of size of economy. A country's economic health can usually be measured by looking at that country's economic growth and development. Most of the economists clamored for dethronement of GNP and define development in terms of removal of poverty, illiteracy, disease and changes in the composition of input and output, increase in per capita output of material goods.

scholarly journals An Empirical Analysis of the Contribution of Mining Sector to Economic Development in Nigeria

2016 ◽  
Vol 19 (1) ◽  
pp. 88-106
Author(s):  
David, Oladipo Olalekan ◽  
Noah, Oluwashina Afees ◽  
Agbalajobi, Sunday Ayodele
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Crude Oil ◽  
Empirical Analysis ◽  
Growth And Development ◽  
Well Being ◽  
Series Data ◽  
Mining Sector ◽  
Economic Growth And Development ◽  
The Impact

Nigeria is richly endowed with vast but largely untapped natural resources including solid minerals and arable land. Mining industries have been viewed as key drivers of economic growth and development process, as lead sectors that drive economic expansion which can lead to higher levels of social and economic well being. Contributions from mining as a percentage of GDP in rich countries are usually between 2-8 percent. In Nigeria, the contribution is still low at 0.15 percent, one of the major factors responsible for this is as a result of over dependence of the Nigerian economy on the proceeds from the sale of crude oil for over four decades which is at the expense of other sectors such as mining and agriculture that contributed significantly to the Nigerian economy before the emergence of crude oil. In the light of this, the study presents an empirical analysis of the contribution of mining sector to the economic development in Nigeria from 1960 to 2012. The study employed Error Correction Model (ECM) to examine the short run and long run effect of mining sector‟s contribution to Nigeria economic development. The study harnessed time series data to evaluate the impact of the specified key sectors; crude petroleum and gas, solid mineral, manufacturing and agriculture on the economic development proxied by per capita income. Equally highlighted are the problems militating against the mining sector in Nigeria and the strategies for its transformation of the economy. The finding revealed that the value of solid mineral have strong impact on economic development in Nigeria. Thus, Nigeria needs to urgently develop her monumental mining potentials in order to diversify her economy and to achieve rapid economic growth and development.

scholarly journals COMMERCALIZATION OF KNOWLEDGE INTO INNOVATION IN THEORY OF ECONOMIC GROWTH AND DEVELOPMENT

2019 ◽  
Vol 33 (1) ◽  
pp. 15-20
Author(s):  
Slobodan Cvetanović ◽  
Igor Novaković
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth And Development ◽  
Growth Models ◽  
High Rate ◽  
Economic Science ◽  
Major Drawback ◽  
Neoclassical Theory ◽  
Economic Growth And Development ◽  
Production Factors

Theoretical explications of the category of economic development imply the application of research methods that touch not only the economic but also the numerous political, demographic, ethical and environmental dimensions of development. Primarily because of this fact, theoretical explications of economic development can be very imprecise in form and sometimes of a very extensive nature, despite the fact that a descriptive method in the study of particular economic phenomena can significantly replace analytical precision. In any case, logical consistency in qualifying the phenomena characteristic of the theoretical explication of economic development plays an extremely important role and importance. If the content of the theory of economic development is understood in this way, it can also be interpreted as its effort to determine the conditions conducive to achieving a high rate of economic growth over a long period. This is why economic development theorists use a far broader and more diverse analytical ways in their research compared to researchers interested solely in economic growth issues.In addition to standard factors of production (land, labor and capital), neoclassical theory of economic growth also recognized production factors of intangible character in the form of residuals, that is, innovations understood in the broadest sense of the word. This fact can be marked as a key change in economic science related to economic development research. However, a major drawback of the neoclassical theory of economic development is the neglect of explaining the drivers of innovation as a key factor in economic growth. Relying, at the same time, on the dominant linear model of innovation, neoclassical theory states that knowledge commercialized into innovation is by far the most significant driver of economic growth. However, neoclassical models assume that innovations occur spontaneously and that they represent a logical response to market stimuli, that is, they possess traits of the public good, which was basically the greatest weakness of this theoretical direction.Endogenous growth models in conceptual terms have succeeded in overcoming the stagnant neoclassical economic theory theorem that economic growth, in the absence of knowledge valorized in innovation, is a time-limited process. The key drivers of knowledge in new theories of economic growth and development are endogenous and crucial in the process of creating new value. They account for the manifestation of external effects, that is, they explain the possibility of declining returns on production factors at the aggregate level due to the unlimited possibilities of commercialization of knowledge into innovation.

BASIC APPROACHES TO SYSTEM ANALYSIS OF ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT

2020 ◽  
Author(s):  
Светлана Владимировна Шарохина
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth And Development ◽  
System Analysis ◽  
Driving Forces ◽  
Economic Growth And Development ◽  
Growth Development ◽  
Basic Approaches

Статья содержит результаты попытки системного анализа процессов экономического роста и развития. По результатам анализа определены основные элементы исследуемой системы: модель, механизм, факторы и движущие силы роста и развития. Дано понимание взаимосвязей и взаимозависимостей процессов роста, развития, воспроизводства и цикличности. The article contains the results of an attempt to systematically analyze the processes of economic growth and development. Based on the results of the analysis, the main elements of the system under study were identified: model, mechanism, factors and driving forces of growth and development. The understanding of the interconnections and interdependencies of the processes of growth, development, reproduction and cyclicity is given.

A Temporal and Situational Approach in Tourism Education as a Mechanism for Economic Growth and Development

2020 ◽  
pp. 151-175
Author(s):  
Evangelina Cruz Barba
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Growth And Development ◽  
Web Of Science ◽  
Positive Impact ◽  
Review Of The Literature ◽  
Economic Growth And Development ◽  
Tourism Education ◽  
Growth Economic

The argument of this chapter is that tourism education can generate a positive impact on the economic growth of a country by fostering a link between education and work, including economic development. A review of the literature based on the use of bibliometric techniques is performed, but quantification of the work is not conducted; however, Web of Science and Scopus, among other databases, are consulted in relation to economic growth, economic development, human capital and tourism education. All this around the theoretical economic and sociological framework that sustains this work.

Revisiting the Issue of Economic Growth and Development...

2014 ◽  
Vol 3 (3) ◽  
pp. 54-61
Author(s):  
Каленов ◽  
Oleg Kalenov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth And Development ◽  
Driving Forces ◽  
Economic Growth And Development

The paper considers several theories concerning economic growth and development, and makes an attempt to classify these theories, based on growth and development driving forces. The author suggests arguments to prove his proprietary approach to defining the concepts of “economic growth” and “ economic development” and highlights specifics of the said concepts.

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