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- University of Rochester. Rochester Center for Economic Research.
- Banco Mundial
- Washington, DC: World Bank
- World Bank, Washington, DC
- Washington, DC
- The Economic Society of Australia
- World Bank, Washington, D.C.
- Washington, DC : World Bank
- South African Journal of Economic and Management Sciences
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On the Determinant of Economic Growth
Fonte: University of Rochester. Rochester Center for Economic Research.
Publicador: University of Rochester. Rochester Center for Economic Research.
Tipo: Trabalho em Andamento
Português
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The fate of different countries is amazingly diverse. Some economies expand at a fast pace, quickly developing new sectors and introducing new products and technologies. Workers see their standard of living increase, while soaring stock markets reward domestic savings and attract eager foreign investors. In other economies everything goes wrong. Investment is scarce and flows often to technologically outdated sectors. Workers see little change in their standard of living; they have the same jobs and perform the same tasks as their parents. Investors see their capital earn meager rewards. The only sure ways to succeed seem to be across the border; domestic savings fly abroad in search of better returns and workers migrate in search of higher wages. This paper reports on the progress made by the literature about economic growth in answering the question "Why do Growth Rates Differ?" It reviews what we currently know about the mechanics of growth miracles and poverty traps, as well as the tentative policy advice that these mechanics suggest.
Link permanente para citações:
Distributions in Motion : Economic Growth, Inequality, and Poverty Dynamics
Fonte: Banco Mundial
Publicador: Banco Mundial
Português
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67.28621%
#ABSOLUTE VALUE#AGGREGATE FUNCTIONS#AGGREGATE INEQUALITY#AGRICULTURAL GROWTH#AGRICULTURE#ANNUAL GROWTH#ANNUAL GROWTH RATE#ASSET DISTRIBUTION#ASSET INEQUALITY#ASYMMETRIC INFORMATION#AVERAGE GROWTH
The joint determination of aggregate
economic growth and distributional change has been studied
empirically from at least three different perspectives. A
macroeconomic approach that relies on cross-country data on
poverty, inequality, and growth rates has generated some
interesting stylized facts about the correlations between
these variables, but has not shed much light on the
underlying determinants. "Meso-" and microeconomic
approaches have fared somewhat better. The microeconomic
approach, in particular, builds on the observation that
growth, changes in poverty, and changes in inequality are
simply different aggregations of information on the
incidence of economic growth along the income distribution.
This paper reviews the evolution of attempts to understand
the nature of growth incidence curves, from the statistical
decompositions associated with generalizations of the
Oaxaca-Blinder method, to more recent efforts to generate
"economically consistent" counterfactuals, drawing
on structural, reduced-form...
Link permanente para citações:
Breaking the Barriers to Higher Economic Growth : Better Governance and Deeper Reforms in the Middle East and North Africa
Fonte: Washington, DC: World Bank
Publicador: Washington, DC: World Bank
Português
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67.283823%
#ADULT POPULATION#AGRICULTURE#ALLOCATION OF RESOURCES#ANNUAL LABOR FORCE GROWTH#BASIC EDUCATION#BASIC RIGHTS#BUDGET DEFICITS#CAPITAL INVESTMENT#CENTRAL PLANNING#CITIZENS#CLOSED ECONOMIES
Contents of the report are as follows:
Long-term economic development: challenges and prospects for
the Arab countries by Mustapha K. Nabli. Reform
complementarities and economic growth in the Middle East and
North Africa by Mustapha Kamel Nabli, and Marie-Ange
Veganzones-Varoudakis. After Argentina: was MENA right to be
cautious? By Mustapha K. Nabli. Restarting Arab economic
reform by Mustapha K. Nabli. Democracy for better governance
and higher economic growth in the MENA region? By Mustapha
K. Nabli, and Carlos Silva-Jauregui. The political economy
of industrial policy in the Middle East and North Africa by
Mustapha K. Nabli, Jennifer Keller, Claudia Nassif, and
Carlos Silva-Jauregui. The macroeconomics of labor market
outcomes in MENA by Jennifer Keller, and Mustapha K. Nabli.
Challenges and opportunities for the 21st century by
Mustapha Nabli. Labor market reforms, growth, and
unemployment in labor-exporting countries in the Middle East
and North Africa by Pierre-Richard Agenor, Mustapha K.
Nabli...
Link permanente para citações:
Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts
Fonte: Washington, DC: World Bank
Publicador: Washington, DC: World Bank
Português
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67.28252%
#ANTIGUA AND BARBUDA#AUTOREGRESSION#BAHAMAS#BLACK MARKET#BLACK MARKET PREMIUM#BUSINESS CYCLE#CAPITAL ACCUMULATION#CAPITAL FLOWS#CAPITAL INVESTMENT#CENTRAL AMERICA#CENTRAL AMERICAN
Economic Growth in Latin America and the
Caribbean analyzes whether economic reforms have been
beneficial to growth in the region. In doing so, it
recognizes that growth is driven by a variety of factors -
in some cases poor growth is due to insufficient structural
reforms (e.g., low trade openness), in others to
inappropriate stabilization policies (e.g., exchange rate
overvaluation), and still in others to negative
international conditions (e.g., growth slowdown in
industrial countries). It is obvious but still correct to
say that identifying the problem is the first step towards
the solution. This book contributes to this effort by
examining the growth performance of countries in Latin
America and the Caribbean, explaining the underlying sources
of their economic growth, and designing a strategy for
further growth.
Link permanente para citações:
How Might Climate Change Affect Economic Growth in Developing Countries? A Review of the Growth Literature with a Climate Lens
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Português
Relevância na Pesquisa
67.290645%
#ADVERSE CONSEQUENCES#ADVERSE IMPACTS#AGGREGATE LEVEL#AGGREGATE OUTPUT#AGRICULTURAL PRODUCTIVITY#AGRICULTURE#ATMOSPHERE#BANKING CRISIS#BIODIVERSITY#CAPITAL STOCK#CLIMATE
This paper reviews the empirical and
theoretical literature on economic growth to examine how the
four components of the climate change bill, namely
mitigation, proactive (ex ante) adaptation, reactive (ex
post) adaptation, and ultimate damages of climate change
affect growth, especially in developing countries. The
authors consider successively the Cass-Koopmans growth model
and three major strands of the subsequent literature on
growth: with multiple sectors, with rigidities, and with
increasing returns. The paper finds that although the growth
literature rarely addresses climate change per se, some
issues discussed in the growth literature are directly
relevant for climate change analysis. Notably, destruction
of production factors, or decrease in factor productivity
may strongly affect long-run equilibrium growth even in
one-sector neoclassical growth models; climatic shocks have
had large impacts on growth in developing countries because
of rigidities; and the introducing increasing returns has a
major impact on growth dynamics...
Link permanente para citações:
Guatemala : Country Economic Memorandum, Challenges to Higher Economic Growth
Fonte: Washington, DC
Publicador: Washington, DC
Português
Relevância na Pesquisa
67.28822%
#ADAPTATION#AGGREGATE DEMAND#AGRICULTURE#AIR#AIR POLLUTION#ANNUAL GROWTH#AVERAGE GROWTH#AVERAGE GROWTH RATE#BANKING SECTOR#BANKING SYSTEM#BASE YEAR
The purpose of this Country Economic Memorandum (CEM) is to contribute to the ongoing discussion in Guatemala about means of accelerating economic growth to help achieve targets set in the 1996 Peace Accords as a key ingredient in the fight to reduce national poverty rates. Chapter I examines historical and recent developments and uses a benchmarking growth methodology to identify the measures and policies most conducive to increasing long-term economic growth. Those areas that are identified as critical on the list of priorities are developed further in separate chapters. Chapter II focuses on the important role of human capital development for growth, along with the complementary policies for improving education and health. Chapter III examines the investment climate, broadly understood, which includes governance, access to infrastructure, and financial development. Chapter IV analyzes the importance of innovation and technology adaptation for productivity growth. Chapter V looks at trade openness and the catalytic role that the recently negotiated free trade agreement with the U.S. (CAFTA) could have on the Guatemalan economy.
Link permanente para citações:
Argentina : Sources of Growth, Seeking Sustained Economic Growth with Social Equity
Fonte: Washington, DC
Publicador: Washington, DC
Português
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67.33323%
#ABSOLUTE POVERTY#ABSOLUTE SENSE#AGGREGATE GROWTH#ANNUAL GROWTH#AVERAGE GROWTH#AVERAGE INCOME#AVERAGE RATE#BUSINESS CYCLE#BUSINESS CYCLES#CAPITAL ACCUMULATION#CAPITAL MARKETS
This report attempts to analyze selected topics, chosen in collaboration with the Argentine authorities, regarding the inter-linkages between economic growth, income distribution and poverty, as well as the respective roles of these factors in explaining the historical underperformance of the Argentine economy. The report aims to identify relevant issues for policy formulation and further economic work. Its emphasis is on longer-term structural factors which are thought to determine productivity and income distribution. The report is organized as follows. Chapter 2 briefly reviews the time-dynamics o f economic growth, poverty and inequality in Argentina. Sections of the chapter study the evolution of poverty and inequality. It is noted that inequality has increased dramatically, though not monotonically, since 1990 and, notably, increases in inequality were observed in periods of both growth and recession. Chapter 3 reviews the latest episode o f economic volatility in Argentina, a period that started with the sharp decline o f economic activity in 2002 and continued with a recovery since 2003. Special attention is paid to the impact of this recent volatility on economic growth, poverty and inequality. The sections study the social impact of the recent crisis and recovery; employing different methodologies to test whether the recent recovery was pro-poor. It also analyzes the recession and recovery at the sector level...
Link permanente para citações:
Economic Growth in the Republic of Yemen : Sources, Constraints, and Potentials
Fonte: Washington, DC
Publicador: Washington, DC
Português
Relevância na Pesquisa
67.266846%
#ADMINISTRATIVE REGULATIONS#AGGREGATE GOVERNANCE INDICATORS#AGRICULTURAL OUTPUT#AGRICULTURAL SECTOR#AGRICULTURE#AIR#ANNUAL GROWTH#ANNUAL GROWTH RATE#AVERAGE GROWTH#AVERAGE GROWTH RATE#BUSINESS ENVIRONMENT
High and sustained rate of economic
growth in Yemen is a necesary, though not sufficient,
condition for reduction of the high incidence of poverty and
for raising the living standards of Yemeni citizens.
Evidence in this report suggests that the main obstacle to
rapid and sustained economic growth is the weak governance
that characterizes Yemen in addition to the weaknesses in
domestic security, property rights, and rule of law systems.
Weak governance in Yemen is characterized/manifested by
widespread corruption, lack of transparency and
accountability, inefficiency in the interaction of public
officials and private business, ineffective or absent market
promoting institutions such as those enforcing contracts
(courts, tribunals, etc.), poor performance of the public
sector in terms of delivering essential goods and
implementing programs, associated lack of incentives and
skills in the civil service, and weak enforceability of
contracts and rulings. Along with ordering the governance
situation, there are areas that should receive government
priority in the short and medium term...
Link permanente para citações:
Economic Growth and Equality of Opportunity
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Português
Relevância na Pesquisa
67.27891%
#AGGREGATE GROWTH#AGGREGATE MEASURE#AGRICULTURAL SECTOR#AVERAGE GROWTH#AVERAGE GROWTH RATE#AVERAGE INCOME#CAPACITY BUILDING#CAPITA INCOME GROWTH#CUMULATIVE DISTRIBUTION#CUMULATIVE DISTRIBUTION FUNCTION#DESCRIPTIVE STATISTICS
The paper proposes an approach to
understand the relationship between inequality and economic
growth obtained by shifting the analysis from the space of
final achievements to the space of opportunities. To this
end, it introduces a formal framework based on the concept
of the Opportunity Growth Incidence Curve. This framework
can be used to evaluate the income dynamics of specific
groups of the population and to infer the role of growth in
the evolution of inequality of opportunity over time. The
paper shows the relevance of the introduced framework by
providing two empirical analyses, one for Italy and the
other for Brazil. These analyses show the distributional
impact of the recent growth experienced by Brazil and the
recent crisis suffered by Italy from both the income
inequality and opportunity inequality perspectives.
Link permanente para citações:
Inequality of Opportunity and Economic Growth : A Cross-Country Analysis
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Português
Relevância na Pesquisa
67.271504%
#ACCESS TO SERVICES#AGGREGATE INCOME#ANNUAL GROWTH#ANNUAL GROWTH RATE#ANTI-DISCRIMINATION#ASSET INEQUALITY#AVERAGE ANNUAL#AVERAGE GROWTH#CAPITAL INVESTMENT#CAPITAL MARKET#CAPITAL MARKETS
Income differences arise from many
sources. While some kinds of inequality, caused by effort
differences, might be associated with faster economic
growth, other kinds, arising from unequal opportunities for
investment, might be detrimental to economic progress. This
study uses two new metadata sets, consisting of 118
household surveys and 134 Demographic and Health Surveys, to
revisit the question of whether inequality is associated
with economic growth and, in particular, to examine whether
inequality of opportunity -- driven by circumstances at
birth -- has a negative effect on subsequent growth. The
results are suggestive but not robust: while overall income
inequality is generally negatively associated with growth in
the household survey sample, we find no evidence that this
is due to the component associated with unequal
opportunities. In the Demographic and Health Surveys sample,
both overall wealth inequality and inequality of opportunity
have a negative effect on growth in some of the preferred
specifications...
Link permanente para citações:
Regional economic growth: An evaluation of the Northern Territory
Fonte: The Economic Society of Australia
Publicador: The Economic Society of Australia
Tipo: Artigo de Revista Científica
Publicado em //2005
Português
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The Gross Product of the Northern Territory accounts for approximately 1.2% of Australian GDP. The economic growth record of NT in the past few years has been well below all Australian states and territories but the per capita income of NT remains higher than the national per capita income. Due to continued interstate migration, higher birth rate among the indigenous population and the inability of NT to attract international migrants, the Territory's population mix is slowly changing. This paper shows that the NT's economic growth rate is closely linked to the growth rate of labour force and private investment. Although the overall labour force participation-rate is almost unchanged, the male and female participation rates are moving in the opposite direction. Finally, the paper presents short-term forecasts for NT's Gross State Product per person employed, private investment and employment. The forecasting exercise shows that the cyclical pattern is likely to continue in the near future; Sajid Anwar and Bruce Prideaux; Article first published online: 13 APR 2010
Link permanente para citações:
Puzzles of Economic Growth
Fonte: Washington, DC: World Bank
Publicador: Washington, DC: World Bank
Tipo: Publications & Research :: Publication
Português
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#ACCELERATED ECONOMIC GROWTH#ANALYSIS OF ECONOMIC GROWTH#ANNUAL ECONOMIC GROWTH#BALANCED ECONOMIC GROWTH#BUSINESS CYCLE#BUSINESS CYCLES#CAPITAL FORMATION#CONSUMPTION EXPENDITURE#ECONOMIC GROWTH#ECONOMIC GROWTH RATE#ECONOMIC GROWTH PERFORMANCE
Looking at the economic growth of
seemingly similar countries one can find striking
differences. Why has Australia gotten so much ahead of New
Zealand, in spite of the latter being held up as a paragon
of free market reform? How is it possible that Austria, with
its persistently oversized state enterprise sector, has
managed to (nearly) catch up with Switzerland? How can we
account for the differences in economic growth between
Estonia and Slovenia, and which of these two countries has
been more successful at systemic transformation? Why is
Mexico so much poorer than Spain, despite having been
wealthier all the way into the 1960s? Why has Venezuela,
which in 1950 had a per capita income higher than that of
Norway and remains a major exporter of oil, slipped behind
Chile? Why is Costa Rica lagging behind Puerto Rico, even
though in the 1970s the U.S. territory's fast
development slowed to a crawl and is now far below other
comparable island economies? Why has 'communist'
China outstripped 'capitalist' India? Why has
Pakistan's growth lagged behind that of Indonesia...
Link permanente para citações:
Tanzania - Sustaining and Sharing Economic Growth : Country Economic Memorandum and Poverty Assessment, Volume 1. Main Report
Fonte: Washington, DC
Publicador: Washington, DC
Tipo: Economic & Sector Work :: Country Economic Memorandum; Economic & Sector Work
Português
Relevância na Pesquisa
67.27574%
#ACCESS TO EDUCATION#ACCESS TO SERVICES#ADULT LITERACY#AGGREGATE DEMAND#AGGREGATE LEVEL#AGRICULTURAL INCOMES#AGRICULTURAL INPUTS#AGRICULTURAL PRODUCTION#AGRICULTURAL PRODUCTIVITY#AGRICULTURAL PRODUCTS#AGRICULTURAL RESEARCH
Tanzania's National Strategy for
Growth and Reduction of Poverty (NSGRP) sets an ambitious
target of 6 to 8 percent annual economic growth to achieve
rapid reduction in poverty. This report focuses on three
issues that are central to the success of Tanzania's
poverty reduction efforts: 0 what factors explain
Tanzania's recent acceleration in economic growth; has
the accelerated economic growth translated into reduced
poverty; and what must be done to sustain economic growth
that is pro-poor. The report presents evidence from the
macroeconomic, sectoral, and firm and household levels that
shed light on these questions. The report is presented in
two volumes. Volume I summarizes the main findings and
recommendations. Volume II contains the main report.
Link permanente para citações:
Is India's Economic Growth Leaving the Poor Behind?
Fonte: World Bank, Washington, D.C.
Publicador: World Bank, Washington, D.C.
Tipo: Publications & Research :: Policy Research Working Paper; Publications & Research
Português
Relevância na Pesquisa
67.29634%
#ABSOLUTE POVERTY#ABSOLUTE TERMS#AGRICULTURAL GROWTH#AGRICULTURAL OUTPUT#AGRICULTURAL PERFORMANCE#AGRICULTURAL SECTOR#ANNUAL GROWTH#ANNUAL GROWTH RATE#ANNUAL RATE#AVERAGE CONSUMPTION#BASIC EDUCATION
There has been much debate about how
much India's poor have shared in the economic growth
unleashed by economic reforms in the 1990s. The authors
argue that India has probably maintained its 1980s rate of
poverty reduction in the 1990s. However, there is
considerable diversity in performance across states. This
holds some important clues for understanding why economic
growth has not done more for India's poor. India's
economic growth in the 1990s has not been occurring in the
states where it would have the most impact on poverty
nationally. If not for the sectoral and geographic imbalance
of growth, the national rate of growth would have generated
a rate of poverty reduction that was double India's
historical trend rate. States with relatively low levels of
initial rural development and human capital development were
not well-suited to reduce poverty in response to economic
growth. The study's results are consistent with the
view that achieving higher aggregate economic growth is only
one element of an effective strategy for poverty reduction
in India. The sectoral and geographic composition of growth
is also important...
Link permanente para citações:
Has India’s Economic Growth Become More Pro-Poor in the Wake of Economic Reforms?
Fonte: Banco Mundial
Publicador: Banco Mundial
Tipo: Publications & Research :: Policy Research Working Paper
Português
Relevância na Pesquisa
67.299937%
#ABSOLUTE DIFFERENCE#ABSOLUTE POVERTY#ABSOLUTE TERMS#ABSOLUTE VALUE#AGGREGATE GROWTH#AGGREGATE POVERTY#AGRICULTURAL CHANGE#AGRICULTURAL GROWTH#AGRICULTURAL LABORERS#AGRICULTURAL PERFORMANCE#AGRICULTURAL PRODUCTION
The extent to which India's poor
have benefited from the country s economic growth has long
been debated. This paper revisits the issues using a new
series of consumption-based poverty measures spanning 50
years, and including a 15-year period after economic reforms
began in earnest in the early 1990s. Growth has tended to
reduce poverty, including in the post-reform period. There
is no robust evidence that the responsiveness of poverty to
growth has increased, or decreased, since the reforms began,
although there are signs of rising inequality. The impact of
growth is higher for poverty measures that reflect
distribution below the poverty line, and it is higher using
growth rates calculated from household surveys than national
accounts. The urban-rural pattern of growth matters to the
pace of poverty reduction. However, in marked contrast to
the pre-reform period, the post-reform process of urban
economic growth has brought significant gains to the rural
poor as well as the urban poor.
Link permanente para citações:
Sustaining and Sharing Economic Growth in Tanzania
Fonte: Washington, DC: World Bank
Publicador: Washington, DC: World Bank
Tipo: Publications & Research :: Publication; Publications & Research :: Publication
Português
Relevância na Pesquisa
67.315205%
#ACCESS TO EDUCATION#ADULT LITERACY#AGGREGATE LEVEL#AGRICULTURAL DEVELOPMENT#AGRICULTURAL GROWTH#AGRICULTURAL PRODUCTION#AGRICULTURAL PRODUCTIVITY#AGRICULTURAL SECTOR#ANNUAL CHANGE#ANNUAL GROWTH#ANNUAL GROWTH RATE
This book is designed to contribute to
the government's thinking on how best to translate
broad MKUKUTA (the government of Tanzania's National
Strategy for Growth and Reduction of Poverty) policy
objectives into practical tactics and programs well suited
to Tanzania's economic priorities and to the removal of
key institutional and infrastructure bottlenecks. The book
aims to respond to three fundamental questions: (a) what
factors explain Tanzania's recent acceleration in
economic growth, (b) how well has the accelerated growth
translated into reduced poverty, and (c) what needs to be
done to sustain growth that is also pro-poor. This book
focuses on three issues that are central to the success of
Tanzania's poverty reduction efforts: What factors
explain Tanzania's recent acceleration in economic
growth? Has the accelerated economic growth translated into
reduced poverty? What must be done to sustain economic
growth that is pro-poor? The book presents evidence from the
macroeconomic, sectoral, firm...
Link permanente para citações:
Sustaining and Sharing Economic Growth in Tanzania : Contents of CD Rom
Fonte: Washington, DC : World Bank
Publicador: Washington, DC : World Bank
Tipo: Publications & Research :: Publication; Publications & Research :: Publication
Português
Relevância na Pesquisa
67.299937%
#ACCESS TO EDUCATION#ADULT LITERACY#AGGREGATE LEVEL#AGRICULTURAL DEVELOPMENT#AGRICULTURAL GROWTH#AGRICULTURAL PRODUCTION#AGRICULTURAL PRODUCTIVITY#ANNUAL GROWTH RATE#AVERAGE GROWTH#AVERAGE GROWTH RATE#CAPITAL ACCUMULATION
This book is designed to contribute to
the government's thinking on how best to translate
broad MKUKUTA (the government of Tanzania's National
Strategy for Growth and Reduction of Poverty) policy
objectives into practical tactics and programs well suited
to Tanzania's economic priorities and to the removal of
key institutional and infrastructure bottlenecks. The book
aims to respond to three fundamental questions: (a) what
factors explain Tanzania's recent acceleration in
economic growth, (b) how well has the accelerated growth
translated into reduced poverty, and (c) what needs to be
done to sustain growth that is also pro-poor. This book
focuses on three issues that are central to the success of
Tanzania's poverty reduction efforts: What factors
explain Tanzania's recent acceleration in economic
growth? Has the accelerated economic growth translated into
reduced poverty? What must be done to sustain economic
growth that is pro-poor? The book presents evidence from the
macroeconomic, sectoral, firm...
Link permanente para citações:
Primary commodity export and economic growth in Sub Sahara Africa: Evidence from panel data analysis
Fonte: South African Journal of Economic and Management Sciences
Publicador: South African Journal of Economic and Management Sciences
Tipo: Artigo de Revista Científica
Formato: text/html
Publicado em 01/12/2008
Português
Relevância na Pesquisa
77.070713%
#Primary commodities dependence#export instability#economic growth#panel data analysis#Sub Saharan Africa
The paper sought to examine the impact of instability in primary commodity export earnings and the level of commodity dependence on economic growth in Sub Saharan Africa (SSA). Fixed effects panel data estimator was used in the empirical estimation. The findings of the study suggest that there is a negative relationship between instability in export earnings and economic growth. The results also indicate that the level of commodity dependence matter in determining economic growth in the region. The results of the paper have economic development policy implications for SSA economies and these are not farfetched. First, it appears the difficult growth experience of SSA is not solely due to instability in export receipts. The question of continued dependence on a narrow range of primary commodities is also matter of great importance.
Link permanente para citações:
Promoting sustainable economic growth in South Africa through the export of low-carbon environmental goods
Fonte: South African Journal of Economic and Management Sciences
Publicador: South African Journal of Economic and Management Sciences
Tipo: Artigo de Revista Científica
Formato: text/html
Publicado em 01/04/2014
Português
Relevância na Pesquisa
77.09212%
#economic growth#exports#green growth#greenhouse gas emissions#low-carbon technologies#low-carbon environmental goods
ABSTRACT Many countries, particularly those in the developing world, are under increasing pressure to improve their growth rates in order to tackle pressing economic problems at the domestic level. Increasing export volumes can make a positive contribution to a country's economic growth rate, but it can also endanger the environment. How to reconcile the often conflicting phenomena of increased export activity, stronger economic growth and a lower carbon footprint is the focus of this study. A core outcome of the study was the creation of a single list using a cross-section of international sources, of low-carbon environmental goods, and their ranking according to their inherent ability to reduce greenhouse gas emissions, South Africa's capacity to produce them, and their economic benefits, as reflected in the export opportunities they present. These export opportunities were revealed through the application of the Decision Support Model (DSM), an export market selection tool that incorporates a systematic filtering and screening system. The results of the analysis should help guide policymakers in their strategic deliberations on which export sectors to incentivise and support with a view to encouraging more 'green' growth in South Africa in the years ahead.
Link permanente para citações:
Real exchange rate behaviour and economic growth: Evidence from Sierra Leone
Fonte: South African Journal of Economic and Management Sciences
Publicador: South African Journal of Economic and Management Sciences
Tipo: Artigo de Revista Científica
Formato: text/html
Publicado em 01/01/2010
Português
Relevância na Pesquisa
77.11435%
The main focus of this paper is to examine the impact of the real effective exchange rate on economic growth in Sierra Leone. First an analytical framework is developed to identify the determinants of the real effective exchange rate. Using quarterly data and employing recent econometric techniques, the relationship between the real effective exchange rate and economic growth is then investigated. A bivariate Granger causality test was also employed as part of the methodology to examine the causal relationship between the real exchange rate and economic growth. The empirical results suggest that the real effective exchange rate correlates positively with economic growth, with a statistically significant coefficient. The results also indicate that monetary policy is relatively more effective than fiscal policy in the long run, and evidence of the real effective exchange rate causing economic growth was profound. In addition, the results showed that terms of trade, exchange rate devaluation, investment to GDP ratio and an excessive supply of domestic credit were the main determinants of the real exchange rate in Sierra Leone.
Link permanente para citações: