scholarly journals Remittances, Governance and Economic Growth: Empirical Evidence from MENA Region

2019 ◽  
Vol 11 (8) ◽  
pp. 1 ◽  
Author(s):  
Wadad Saad ◽  
Hassan Ayoub
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Negative Impact ◽  
Positive Impact ◽  
Annual Data ◽  
Mena Region ◽  
Mena Countries ◽  
Distributed Lag ◽  
The World Bank ◽  
The World

In this study we examine the effects of remittances and governance on economic growth in ten MENA countries. We choose these countries because they have relatively stable political situations. Using annual data from the World Bank over the period 2002-2017, we estimate panel autoregressive distributed lag (ARDL) models due to the existence of mixed levels of integration among series involved in this study. Control variables such as gross capital formation, consumption per capita and openness among others are integrated in these models. A governance composite is computed using the 6 governance indicators from the world bank. These indicators are used individually in different ARDL models with their interactions with the remittances to explore their impact on economic growth. The findings indicate a negative impact of the remittance on economic growth in the quasi-totality of the models. However, while governance composite shows a positive impact on economic growth, taking into consideration the dimensions of governance leads to conflicting results.

Democracy and Development

1997 ◽  
Vol 46 (3) ◽  
pp. 635-643 ◽  
Author(s):  
Ibrahim F. I. Shihata
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Broad Sense ◽  
Strict Sense ◽  
The World Bank ◽  
The World ◽  
Definition Of

This note addresses the possible correlation between “democracy” and “development”, and the implications, if any, of such a correlation for the World Bank. This calls, first, for providing a definition of the two concepts as they are used here. To clarify the matter further, a distinction is made from the beginning between “development” in the broad sense and the concept of “economic growth” in the strict sense.

Leveraging Broadband for e-Government and Development in Africa

2015 ◽  
pp. 569-591
Author(s):  
Stephen Kwamena Aikins
Keyword(s):  
Economic Growth ◽  
Best Practices ◽  
World Bank ◽  
Development Bank ◽  
African Development ◽  
Mobile Broadband ◽  
The World Bank ◽  
The World ◽  
Substantial Progress ◽  
African Development Bank

This study investigated the extent and benefits of Africa's broadband connectivity, its impact on e-government and economic growth, and the challenges and best practices for addressing them. Studies by the UN and ITU over the years have revealed Africa lags behind in the global broadband connectivity and e-government diffusion. The Connect Africa summit held in 2007 by the ITU and its partners came out with five specific goals to connect the continent and help improve its economy. This study reviewed the Connect Africa Outcomes Report, and analyzed the publications of three independent studies conducted by: a) the ITU, b) the World Bank and the African Development Bank, and c) Informa Telecoms and Media. The findings reveal that Africa has made substantial progress in international connectivity and mobile broadband penetration. Additionally, broadband connectivity has contributed toward some improvements in e-government initiatives and economic growth. The study concludes with recommendations to address the existing challenges to consolidate the gains made.

Economic African Development in the Context of FinTech

2020 ◽  
pp. 273-289
Author(s):  
Youssra Ben Romdhane ◽  
Sahar Loukil ◽  
Souhaila Kammoun
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Least Square ◽  
National Accounts ◽  
African Countries ◽  
The World Bank ◽  
Digital Infrastructure ◽  
Wide Range ◽  
The World ◽  
Data Files

The purpose of this chapter is to analyze the effect of FinTech and political incertitude on economic growth through a multiple regression. Thus, the authors employ the method of generalized least square (GLS) with panel data. The sample concerns 21 African countries during (2001-2014-2017). The authors use a wide range of measures from Global Findex Database 2017, the World Bank platform, the World Bank national accounts data, and the OECD National Accounts data files base in the context of Africa. Empirical results show that FinTech is a driver of economic growth unless it is actively used in a developed digital infrastructure. In fact, the authors prove that, when financial technologies are used in both transactions (receive and made digital payment), they significantly contribute to the economic cycle. Passive use like simple consumption actions are not a significant lever for the economy. The principal contribution is to highlight that the active use of financial innovations and not passive one and the developed digital infrastructure do promote economic growth in African countries.

scholarly journals Remittances Impact on Economic Growth, Domestic Savings and Domestic Capital at the Presence of ODA and FDI in Selected MENA Countries

2016 ◽  
Vol 3 (2) ◽  
pp. 26 ◽  
Author(s):  
Mahmoud Mohammed Sabra
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Expenditure ◽  
Host Countries ◽  
Mena Countries ◽  
Domestic Capital ◽  
Domestic Savings ◽  
Seeking Behavior ◽  
The Impact

<p>This article investigates the impact of remittances on economic growth, investment and domestic savings in selected MENA labor exporting countries. The estimations have been done in the presence of other international capital inflow, which are foreign aid and foreign direct investment. A multiple equations model estimated simultaneously using different techniques. We found a positive impact of remittances on both growth and investment, meanwhile a negative impact on domestic savings. Aid impacts negatively on both growth and savings where it finance consumption instead of investment and enhance rent seeking behavior. Government expenditure and FDI are important source of growth. We recommended that policies for encouraging final use of productive investment of remittances. In addition, enhancing more project of migrant in home country that may facilitate their trade with host countries. Finally, more efficient allocation of aid is requires, and attracting more FDI.</p>

Economic Growth and Climate Change: An Exploratory Country-Level Analytics Study

2017 ◽  
Vol 8 (1) ◽  
pp. 1-22 ◽  
Author(s):  
Wullianallur Raghupathi ◽  
Viju Raghupathi
Keyword(s):  
Climate Change ◽  
Economic Growth ◽  
World Bank ◽  
Policy Decision ◽  
Country Level ◽  
The World Bank ◽  
The World ◽  
Development Plans ◽  
Policy Decision Making ◽  
Global Economic Growth

In this article, the authors use analytics to explore the association between economic growth and climate change at a country-level. They examine different indicators to better understand the macro issues and guide policy decision-making. The authors analyze global economic growth and climate change using the World Bank data of 131 countries and 16 indicators for the period 2005 to 2010. The analysis shows overall economic growth is positively associated with climate change. This implies country leaders should design and implement structured development plans if they are to promote economic growth to alleviate poverty while simultaneously mitigating climate change.

Global reduction in 'unbanked' numbers to gather pace

2015 ◽  
Keyword(s):  
World Bank ◽  
Financial Services ◽  
Positive Impact ◽  
Significant Progress ◽  
Financial Access ◽  
Content Type ◽  
The World Bank ◽  
Credit Creation ◽  
The World ◽  
Global Reduction

Subject Progress in the reduction of the number of unbanked people. Significance The World Bank has set an ambitious goal of universal financial access for everyone by 2020. The latest statistics show that many countries are making significant progress towards this goal. Some technological measures that increase access to financial services may increase transparency, stemming corruption and curtailing money laundering. However, by making it easier to spot corruption, these measures may boomerang, leading to the withdrawal of some institutions, particularly international ones, from problematic markets. Impacts Lack of access to financial services will remain a global problem that traps individuals in cycles of poverty. The World Bank encourages people to use bank accounts; having one in name only has little positive impact. Countries that mistake credit creation for improving financial access risk exacerbating financial and economic instability.

scholarly journals Entering the 21st century: the challenges for development

1999 ◽  
Vol 354 (1392) ◽  
pp. 1943-1948 ◽  
Author(s):  
James D. Wolfensohn
Keyword(s):  
Economic Growth ◽  
20Th Century ◽  
World Bank ◽  
Laser Surgery ◽  
Space Exploration ◽  
Well Being ◽  
Great Achievement ◽  
Post Conflict ◽  
The World Bank ◽  
The World

By many people, the 20th century will be remembered as an era of great achievement in human endeavour, and of enormous economic growth and prosperity. Achievements in medical research, from eradicating infectious diseases to laser surgery; in engineering, from the transistor to space exploration; and in economic development have all contributed to greater well being in the world at the end of the 20th century. Among the challenges to development identified by the World Bank in the coming decades will be managing the twin processes of globalization and localization, as well as post–conflict reconstruction. These will form the backdrop of the Bank's main focus of creating a world free of poverty.

scholarly journals Economic Zones as Key Players in Economic Advancement: the Bangladesh Perspective

2019 ◽  
Vol 27 (1) ◽  
Author(s):  
Mustafizur Rahman ◽  
Muhammad Abu Yusuf
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Fiscal Rules ◽  
The World Bank ◽  
The World ◽  
Role Players ◽  
One Stop ◽  
Skilled Workforce ◽  
Economic Zones ◽  
Double Digit

Bangladesh is one of the top five growing economies in the world, according to the World Bank. The country is now at a critical economic juncture with many challenges ahead. The double-digit growth rate of Gross Domestic Product, a massive influx of investment and a highly skilled workforce is the key bases to secure ‘Vision 2041’. This study shows how the Economic Zones are contributing to foster economic development in Bangladesh. The background study of the Economic Zones showed that the ‘Bangladesh Economic Zones Authority Act, 2010’ was enacted to make each zone an engine for economic growth. Describing the challenges, the study shows the key dynamic aspects of Economic Zones and the rationale behind why investors and other people are marking them as key role players in the economic advancements of Bangladesh. Economic Zones are contributing to attracting Foreign Direct Investment, local investment and employment to promote the economic growth of the country. The priorities of the investors were sorted out, and some gaps were also detected. Upgrading online servicing in fostering ‘One Stop Service’ and revisiting fiscal rules are the suggestions more from this study.

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