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Sample records for economic growth agriculture

  1. Investigating Causality Between Agricultural and Economic Growth in Iran

    Directory of Open Access Journals (Sweden)

    A. Falsafian

    2010-10-01

    Full Text Available Although rate of economic growth is not the only way to measure economic development, it is relatively more important than the other indices. Agriculture sector plays the main role on economic growth and sustainable development. In addition, it has significant impact on most social, political and economic issues by producing strategic food products for ever-increasing population. Therefore, the present study investigated causal relationship between agricultural and economic growth in Iran. To this end, the Granjer’s causality test was used after employing the Augmented Dicky-Fuller test to see if the variables under consideration are stationary. The result showed that there is a long learn feedback relationship between these variables and agricultural developments.

  2. A Comparative Analysis of the Impact of Agricultural Exports on Economic Growth of ECOWAS Countries

    Directory of Open Access Journals (Sweden)

    Richardson Kojo Edeme

    2016-10-01

    Full Text Available Towards the acceleration of the attainment of sustainable growth, most countries have focused on agricultural exports as a means of driving their economy. Developing countries of Africa are highly dependent on the agricultural sector and agricultural exports are a major determinant of economic growth of these countries. However, the impact of agricultural exports on economic growth of ECOWAS countries remains unclear. This study therefore evaluates the impact of agricultural exports on the economic growth of fifteen ECOWAS countries using panel data for the period 1980–2013. Variables employed are labour force participation rate, capital stock, agricultural exports, non-agricultural exports, inflation and economic growth. The results of the fixed-effect model show that agricultural exports have not impacted significantly on the economic growth of ECOWAS countries such as Côte d’Ivoire and Nigeria with respect to the Republic of Benin, which is the selected baseline. The study also analysed the country combined effect of the agricultural exports and found that it was significant but the rate of impact was weak. The study recommends, among others, that even though agricultural exports had a significant impact on economic growth, there is still a need for ECOWAS governments to improve their agricultural sector as its significance is more noticeable in some countries such as Côte d’Ivoire and Nigeria.

  3. Long and Short Run Dynamics of Agricultural and Petroleum Sectors in the Economic Growth of Nigeria

    Directory of Open Access Journals (Sweden)

    Okunola Akinbode Michael

    2017-06-01

    Full Text Available This study examined the economic relationship among agriculture and petroleum sectors and growth of Nigeria’s economy as well as the effects of these two key sectors on the economic growth. The Bound (ARDL test which was used to examine the long-run relationship among the variables revealed that there is a long-run relationship among agricultural and petroleum sectors and economic growth. In the short run, both sectors have positive significant relationship with the economic growth. While for every 1% change in agricultural productivity there is about 60.89% change on economic growth, petroleum sector had about 37.07% change effect. Thus, agriculture contributes more than the petroleum sector in the short run. In the long-run, both sectors also have positive relationship with economic growth. Agriculture in the long-run also contribute more than the petroleum sector. While a 1% change in agricultural productivity effects a 53.49% increase in economic growth, petroleum sector increases GDP by 43.71%. However, in the long-run, while agriculture is significant at 5%, petroleum sector is significant at 10%. In conclusion, the positive relationship of both sectors with economic growth shows that they are rather economically complimentary than competitive that the actions and inactions of the government have made them look.

  4. The Role of Agriculture on the Recent Brazilian Economic Growth

    OpenAIRE

    Spolador, Humberto Francisco Silva; Roe, Terry L.

    2012-01-01

    This paper investigates the contribution of the Brazilian agriculture to economic growth of the Brazilian economy. It draws upon the Global Trade Analysis Project (GTAP) data base, and other time series data to construct a multi-sector Ramsey model that shows the transition growth of the Brazilian agricultural sector and its effects on growth of the Brazilian economy, with particular emphasis given to the years 1994–2010.

  5. Agricultural Trade and Economic Growth in East African Community ...

    African Journals Online (AJOL)

    East African Community states, as many other states in the region, depend largely on agricultural activities to boost their economic growth and create employment. Up to 80 per cent of the populace depends on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC suffer ...

  6. Energy use for economic growth: A trivariate analysis from Tunisian agriculture sector

    International Nuclear Information System (INIS)

    Sebri, Maamar; Abid, Mehdi

    2012-01-01

    Following the importance of energy in the agrarian economies, the investigation of the causal relationship between energy consumption in agriculture sector and economic growth has a fundamental role in implementing suitable policies. This paper examines the causal relationship between energy consumption and agricultural value added, controlling for trade openness, in Tunisia from 1980 to 2007. The relationship is investigated at aggregated as well as disaggregated components of energy consumption, including oil and electricity. Using Granger's technique, it is shown that various results are obtained regarding the direction of causality between competing variables. Nevertheless, the most common finding suggest that trade openness and both aggregated and disaggregated energy consumption Granger causes agricultural value added. Therefore, the energy-led growth and trade-led growth hypotheses are supported in the Tunisian agriculture sector. An important policy implication resulting from this study is that energy can be considered as a limiting factor to agriculture value added and, therefore, shocks to energy supply would have a negative impact onto agriculture performance. Furthermore, trade liberalization seems to be a stimulus factor to the Tunisian agriculture development. - Highlights: ► We study the energy consumption-economic growth nexus of Tunisian agriculture sector. ► We use Johansen's cointegration approach and Granger causality. ► Energy consumption can be considered as limiting factor to agricultural performance. ► Electrical energy will represent an important input to agricultural production growth.

  7. Fertilizing growth: Agricultural inputs and their effects in economic development.

    Science.gov (United States)

    McArthur, John W; McCord, Gordon C

    2017-07-01

    This paper estimates the role of agronomic inputs in cereal yield improvements and the consequences for countries' processes of structural change. The results suggest a clear role for fertilizer, modern seeds and water in boosting yields. We then test for respective empirical links between agricultural yields and economic growth, labor share in agriculture and non-agricultural value added per worker. The identification strategy includes a novel instrumental variable that exploits the unique economic geography of fertilizer production and transport costs to countries' agricultural heartlands. We estimate that a half ton increase in staple yields generates a 14 to 19 percent higher GDP per capita and a 4.6 to 5.6 percentage point lower labor share in agriculture five years later. The results suggest a strong role for agricultural productivity as a driver of structural change.

  8. Modelling of Efficiency Change as a Source of Economic Growth in Agriculture

    Directory of Open Access Journals (Sweden)

    Bezat-Jarzębowska Agnieszka

    2016-12-01

    Full Text Available In the paper, the subject of economic growth in agriculture was raised. One of the determinants of this process, namely an efficiency change was under the assessment. The aim of the paper was to evaluate the changes of efficiency in the Polish agriculture. In the study, a stochastic parametric production function was used.

  9. Soybean development: the impact of a decade of agricultural change on urban and economic growth in Mato Grosso, Brazil.

    Directory of Open Access Journals (Sweden)

    Peter Richards

    Full Text Available In this research we consider the impact of export-driven, soybean agriculture in Mato Grosso on regional economic growth. Here we argue that the soybean sector has served as a motor to the state's economy by increasing the demand for services, housing, and goods, and by providing a source of investment capital to the non-agricultural sector. Specifically, we show that each square kilometer of soybean production supports 2.5 formal sector jobs outside of agriculture, and the equivalent of approximately 150,000US in annual, non-agricultural GDP. We also show that annual gains in non-agricultural employment and GDP are closely tied to soybean profitability, and thus vary from year to year. However, while this article highlights the potential of the agricultural sector as a driver of regional economic growth, it also acknowledges that this growth has been sustained by profits determined by externally set prices and the rate of exchange, and that future growth trajectories will be susceptible to potential currency of market shocks. We also show that while Mato Grosso's economic growth has come at a significant cost to the environment, value added by the agriculture sector, directly and indirectly, has surpassed the value of the CO2-e emitted through land clearings.

  10. Soybean Development: The Impact of a Decade of Agricultural Change on Urban and Economic Growth in Mato Grosso, Brazil

    Science.gov (United States)

    Richards, Peter; Pellegrina, Heitor; VanWey, Leah; Spera, Stephanie

    2015-01-01

    In this research we consider the impact of export-driven, soybean agriculture in Mato Grosso on regional economic growth. Here we argue that the soybean sector has served as a motor to the state’s economy by increasing the demand for services, housing, and goods, and by providing a source of investment capital to the non-agricultural sector. Specifically, we show that each square kilometer of soybean production supports 2.5 formal sector jobs outside of agriculture, and the equivalent of approximately 150,000US in annual, non-agricultural GDP. We also show that annual gains in non-agricultural employment and GDP are closely tied to soybean profitability, and thus vary from year to year. However, while this article highlights the potential of the agricultural sector as a driver of regional economic growth, it also acknowledges that this growth has been sustained by profits determined by externally set prices and the rate of exchange, and that future growth trajectories will be susceptible to potential currency of market shocks. We also show that while Mato Grosso’s economic growth has come at a significant cost to the environment, value added by the agriculture sector, directly and indirectly, has surpassed the value of the CO2-e emitted through land clearings. PMID:25919305

  11. Soybean development: the impact of a decade of agricultural change on urban and economic growth in Mato Grosso, Brazil.

    Science.gov (United States)

    Richards, Peter; Pellegrina, Heitor; VanWey, Leah; Spera, Stephanie

    2014-01-01

    In this research we consider the impact of export-driven, soybean agriculture in Mato Grosso on regional economic growth. Here we argue that the soybean sector has served as a motor to the state's economy by increasing the demand for services, housing, and goods, and by providing a source of investment capital to the non-agricultural sector. Specifically, we show that each square kilometer of soybean production supports 2.5 formal sector jobs outside of agriculture, and the equivalent of approximately 150,000US in annual, non-agricultural GDP. We also show that annual gains in non-agricultural employment and GDP are closely tied to soybean profitability, and thus vary from year to year. However, while this article highlights the potential of the agricultural sector as a driver of regional economic growth, it also acknowledges that this growth has been sustained by profits determined by externally set prices and the rate of exchange, and that future growth trajectories will be susceptible to potential currency of market shocks. We also show that while Mato Grosso's economic growth has come at a significant cost to the environment, value added by the agriculture sector, directly and indirectly, has surpassed the value of the CO2-e emitted through land clearings.

  12. Population growth and economic growth.

    Science.gov (United States)

    Narayana, D L

    1984-01-01

    This discussion of the issues relating to the problem posed by population explosion in the developing countries and economic growth in the contemporary world covers the following: predictions of economic and social trends; the Malthusian theory of population; the classical or stationary theory of population; the medical triage model; ecological disaster; the Global 2000 study; the limits to growth; critiques of the Limits to Growth model; nonrenewable resources; food and agriculture; population explosion and stabilization; space and ocean colonization; and the limits perspective. The Limits to Growth model, a general equilibrium anti-growth model, is the gloomiest economic model ever constructed. None of the doomsday models, the Malthusian theory, the classical stationary state, the neo-Malthusian medical triage model, the Global 2000 study, are so far reaching in their consequences. The course of events that followed the publication of the "Limits to Growth" in 1972 in the form of 2 oil shocks, food shock, pollution shock, and price shock seemed to bear out formally the gloomy predictions of the thesis with a remarkable speed. The 12 years of economic experience and the knowledge of resource trends postulate that even if the economic pressures visualized by the model are at work they are neither far reaching nor so drastic. Appropriate action can solve them. There are several limitations to the Limits to Growth model. The central theme of the model, which is overshoot and collapse, is unlikely to be the course of events. The model is too aggregative to be realistic. It exaggerates the ecological disaster arising out of the exponential growth of population and industry. The gross underestimation of renewable resources is a basic flaw of the model. The most critical weakness of the model is its gross underestimation of the historical trend of technological progress and the technological possiblities within industry and agriculture. The model does correctly emphasize

  13. SECTORAL SHARES AND ECONOMIC GROWTH

    DEFF Research Database (Denmark)

    Ahmad, Nisar; Naveed, Amjad; Naz, Amber

    2013-01-01

    believe that structural change is an unimportant side effect of the economic development. On the contrary, economists associated with the World Bank and some others posit that growth is brought about by the changes in sectoral composition. The objective of this study is to empirically test...... the relationship between sectoral shares and economic growth by using the panel data for 20 developed countries. The results of the granger causality suggest that both services and agriculture sectors do granger cause economic growth, whereas industrial sector does not granger cause growth. Reverse causality does...... not hold for any of the three sectors. The results of Barro and Non-Barro regressions along with the set of control variables have suggested that services sector is negatively affecting growth, whereas both industrial and agriculture shares are positively affect economic growth....

  14. Intellectual Properties Rights-A strong determinant of economic growth in agriculture

    Directory of Open Access Journals (Sweden)

    Love Kumar Singh

    2010-01-01

    Full Text Available In the past few decades the subject of intellectual property rights (IPRs has occupied center stage in debates about globalization, economic development and poverty elimination. This study concerns the strengthening of IPRs in the plant breeding industry and its effect on agriculture in India. In India, most of the population relies on agricul-ture for its livelihood. India is self-sufficient in wheat and paddy, but deficient in other agricultural products. Pat-ents are good indicators of research and development output. Patent analysis makes it possible to map out the trend of technological change and life cycle of a technology - growth, development, maturity and decline. Patent infor-mation and patent statistical analysis have been used for examining present, technological status and to forecast future trends. One can determine the directions of corporate R&D and market interests by analyzing patent data. The present study is an attempt to analyze patents granted in India in the field of agriculture and importance of biotechnology-based innovations in agriculture

  15. Intellectual Properties Rights-A strong determinant of economic growth in agriculture

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    Manju Chaudhary

    2010-03-01

    Full Text Available

    In the past few decades the subject of intellectual property rights (IPRs has occupied center stage in debates about globalization, economic development and poverty elimination. This study concerns the strengthening of IPRs in the plant breeding industry and its effect on agriculture in India. In India, most of the population relies on agriculture for its livelihood. India is self-sufficient in wheat and paddy, but deficient in other agricultural products. Patents are good indicators of research and development output. Patent analysis makes it possible to map out the trend of technological change and life cycle of a technology – growth, development, maturity and decline. Patent information and patent statistical analysis have been used for examining present, technological status and to forecast future trends. One can determine the directions of corporate R&D and market interests by analyzing patent data. The present study is an attempt to analyze patents granted in India in the field of agriculture and importance of biotechnology-based innovations in agriculture

  16. Reduced Deforestation and Economic Growth

    OpenAIRE

    Patrick Doupe

    2014-01-01

    The clearing of forests for agricultural land and other marketable purposes is a well-trodden path of economic development. With these private benefits from deforestation come external costs: emissions from deforestation currently account for 12 per cent of global carbon emissions. A widespread intervention in reducing emissions from deforestation will affect the paths of agricultural expansion and economic growth of lower income nations. To investigate these processes, this paper presents a ...

  17. Researches on Agricultural Cooperative Economic Organization Promoting Agricultural Insurance Development

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    The advantages of cooperative economic organization being the effective carrier of agricultural insurance development are analyzed. Firstly, cooperative economic organization promotes scale management and solves the problem of decentralized operation of small households. Secondly, cooperative economic organization can settle the problem of peasants’ low systematization. Thirdly, cooperative economic organization can largely reduce the costs of agricultural insurance operation. Fourthly, cooperative organization decreases moral risks as well as adverse selection to some extent. Lastly, cooperative organization, to a certain degree, reduces the risks of agricultural production and increases the insurability of agricultural risks. Meanwhile, limitations of agricultural cooperative economic organization being the carrier of agricultural insurance operation are pointed out. Firstly, cooperative economic organization has limited coverage and small size of organization, which is harmful to the diversification of agricultural risks. Secondly, cooperative economic organization lacks capital funds and its development is not standard, which is not perfect for the function exertion as a carrier. Lastly, members of professional cooperative organization have low cultural qualities, which restrict the implementation of agricultural insurance. The modes of farmers’ cooperative economic organization promoting agricultural insurance development are proposed, including mode of agricultural insurance cooperative ( mutual corporation), mode of "leading enterprises (companies) + professional cooperative organization (planting majors) + insurance" and mode of professional cooperatives serving as agricultural insurance agent. Last of all, the promoting role of agricultural insurance in agricultural cooperative economic organization is briefly illustrated.

  18. Shocks in economic growth=shocking effects for food security?

    NARCIS (Netherlands)

    Kavallari, A.; Fellmann, T.; Hubertus Gay, H.

    2014-01-01

    The recent economic and financial turmoil raises the question on how global economic growth affects agricultural commodity markets and, hence, food security. To address this question, this paper assesses the potential impacts of faster economic growth in developed and emerging economies on the one

  19. Agricultural growth, the status of women, and fertility.

    Science.gov (United States)

    Whittington, L A; Stapleton, D C

    1995-08-01

    This study tests the hypothesis that fertility is affected differently by economic growth depending upon the specific sector (agriculture, manufacturing, heavy industry, and services) where growth occurred. The hypothesis is that fertility responses are not identical across sectors. The sample includes 51 World Bank member countries in varying stages of development. The econometric model pertains to 1965-88 and the percentage change in the total fertility rate (TFR). During the study period the average TFR declined by over 22%, but the extent of change varied by country and included, for instance, countries such as Ethiopia that experienced fertility increases from 5.8 to 6.5. Hong Kong's TFR declined by 66% from 4.7 to 1.6. Analysis included measures of changes in gross domestic product (GDP) for each of the four sectors and change in real per capita exports in agricultural commodities, resources, and manufactured products. Changes in educational status and changes in infant mortality were also included in some models. There were mixed results for the impact of total GDP. Sectoral analysis shows a positive, small significant impact on TFR from changes in the GDP per capita in agriculture (domestic and export products), and a negative, small significant impact from manufacturing growth. Heavy industry and services produced insignificant impact. In the model with only domestic consumption, results show a stronger coefficient and continued significance for agricultural productivity, agricultural exports, and manufacturing changes per capita. Manufacturing exports produced a negative, insignificant impact. The null hypothesis is rejected only in models comparing aggregate GDP in agriculture and manufacturing industries plus control variables (excluding heavy industry and services). Only secondary education was a negative, significant determinant of fertility. Infant mortality was insignificant when sectoral growth and education were included in the model. The evidence

  20. Developing Green GDP Accounting for Thai Agricultural Sector Using the Economic Input Output - Life Cycle Assessment to Assess Green Growth

    OpenAIRE

    Attavanich, Witsanu; Mungkung, Rattanawan; Mahathanaseth, Itthipong; Sanglestsawai, Santi; Jirajari, Athiwatr

    2016-01-01

    There is no indicator measuring Thailand’s green growth by valuing the resource degradation and environmental damage costs. This article aims to estimate Thailand’s green gross domestic (GDP) that takes into account environmental damage costs with the detailed analysis on the agricultural sector using the Economic Input Output - Life Cycle Assessment (EIO-LCA) approach. The representative product in each sector was selected based on the available life cycle inventory data, economic values and...

  1. Impacts of Seaport Investment on the Economic Growth

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    Tahar Ammar Jouili

    2016-08-01

    Full Text Available The aim of this paper is to estimate the impact of seaports investment on the economic growth. Seaports are seen by many governments as an important factor in the strengthening of the economies. During the last two decades, the Tunisian succeeding governments have been allocating a great amount of money to develop seaport infrastructures. However, the Tunisian economy witnessed fluctuations in the economic growth rates and decrease in the rate of employment during the same period of time. This study used an econometric model by employing the Cobb-Douglas production function. The sample was composed of Tunisia's economic sectors (manufacturing, services and agriculture over the period 1983-2011. The results of the study show that the public investment in seaport infrastructures has apositive influence on Tunisian economic growth. The study also revealed that the biggest beneficiary from the seaport investment infrastructure is the service sector.This paper aims to estimate the impact of seaports investment on the economic growth. The seaports are seen by many governments as an important factor in the strengthening of the economies. During the last two decades, the Tunisian succeeding governments were allocating a great amount of money to develop seaports' infrastructures. However, the Tunisian economy witnessed fluctuating in the economic growth rates and decreased in the rate of employment during the same period of time. This study used an econometric model by employing the Cobb-Douglas production function. The sample composed of Tunisia's economic sectors (manufacturing, services and agriculture over the period 1983-2011. The results of the study show that the public investment in seaports' infrastructures has a positive influence on Tunisian economic growth. The study also revealed that the biggest beneficiary from the seaports investment infrastructure is the services sector.

  2. An environmental-economic assessment of genetic modification of agricultural crops

    NARCIS (Netherlands)

    van den Bergh, J.C.J.M.; Holley, J.M.

    2002-01-01

    The advantages and disadvantages of genetic modification of organisms in agriculture are reviewed. These relate to the environment, human health, socio-economic effects, population growth, and differential consequences for developed and developing countries. An overall evaluation requires that

  3. Research Frontiers of Agricultural Economics and Management

    Institute of Scientific and Technical Information of China (English)

    Yang L.X.

    2004-01-01

    @@ Introduction The focus of research on Agricultural Economics and Management (AEM) has been switching from developed countries to developing countries. In important international journals on AEM such as "American Journal of Agricultural Economics" and "Agricultural Economics", the research objectives mainly focus on AEM problems in developing countries, e.g. the effects of globalization and liberalization on agricultural production in developing countries, and problems in agricultural resources and environmental protections in developing countries.

  4. Foundations of Australian Agricultural Economics

    OpenAIRE

    Myers, Laurel

    2007-01-01

    In the early years of the twentieth century, Australia's leading economists were well versed in the nature of Australian agriculture but it was not until the 1930s and 1940s that scientists and economists alike realised there was an obvious need for trained agricultural economists. In this paper it is argued that the foundations of Australian agricultural economics were laid in the period immediately following the economic upheaval of the Great Depression and the Second World War. The formali...

  5. Export-Led Growth Hypothesis: Evidence from Agricultural Exports ...

    African Journals Online (AJOL)

    This study examines the nature and direction of causality in Tanzania between economic growth and agricultural exports along with some selected variables such as labour force and domestic investment. The analysis for this study was carried out using time series data for the period of 1980 to 2013. The data series were ...

  6. Investment in Education and Economic Growth in Nigeria: 1981 ...

    African Journals Online (AJOL)

    PROF. O. E. OSUAGWU

    2013-12-01

    Dec 1, 2013 ... Keywords: Education, Government Investments, Economic growth, Health, Government ..... poor countries, using agricultural output as .... expectancy takes into account mortality, but .... (Akaike Information Criterion) and SBC.

  7. FACTORS OF LABOUR PRODUCTIVITY GROWTH IN AGRICULTURE OF THE AGRARIAN REGION

    Directory of Open Access Journals (Sweden)

    Anatoly Babenko

    2017-09-01

    Full Text Available The aim of the article is to study the conceptual provisions of the essence of labour productivity in agriculture in order to determine the factors and conditions for its growth at the present stage of economic development. Methods. The theoretical and methodological bases of research are the works of classical and modern economic science concerning labour productivity and human capital. With the aim of concretizing the conceptual and categorical apparatus, the dialectical and abstract-logical methods were used; a monographic method was used during covering the views of scientists on the investigated problem; for the analysis of labour productivity trends, the method of comparative analysis and the graphical method were used. Results. The conditions of agricultural production management in an agrarian region are characterized. Factors of labour productivity growth in agriculture are determined. It is established that the main reserves of increasing labour productivity consist of reducing labour costs for the production of agricultural products. In turn, the reduction of labour costs is caused by the use of new equipment and new technologies, progressive forms of labour organization, improvement of the system of material incentives for labour. Practical significance. The realization of proposals and recommendations concerning the formation and development of human capital for agricultural production, optimization of production resources, strengthening of labour motivation will provide an opportunity to increase the labour activity of personnel, the volume of agricultural production. Relevance/originality. Further development of research results allows us to collect an empirical, multifactorial model of labour productivity growth in agricultural production.

  8. Economics, Policy, and Organic Agriculture

    DEFF Research Database (Denmark)

    Ingemann, Jan Holm

    2009-01-01

    Is organic agriculture so special that special social theories and methods are needed? The article investigates the question in two steps: First, the article address the question whether agriculture is special. Second, whether organic agriculture is special. It is concluded that from an economic...

  9. Economic Drought Impact on Agriculture: analysis of all agricultural sectors affected

    Science.gov (United States)

    Gil, M.; Garrido, A.; Hernández-Mora, N.

    2012-04-01

    The analysis of drought impacts is essential to define efficient and sustainable management and mitigation. In this paper we present a detailed analysis of the impacts of the 2004-2008 drought in the agricultural sector in the Ebro river basin (Spain). An econometric model is applied in order to determine the magnitude of the economic loss attributable to water scarcity. Both the direct impacts of drought on agricultural productivity and the indirect impacts of drought on agricultural employment and agroindustry in the Ebro basin are evaluated. The econometric model measures losses in the economic value of irrigated and rainfed agricultural production, of agricultural employment and of Gross Value Added both from the agricultural sector and the agro-industrial sector. The explanatory variables include an index of water availability (reservoir storage levels for irrigated agriculture and accumulated rainfall for rainfed agriculture), a price index representative of the mix of crops grown in each region, and a time variable. The model allows for differentiating the impacts due to water scarcity from other sources of economic losses. Results show how the impacts diminish as we approach the macro-economic indicators from those directly dependent on water abstractions and precipitation. Sectors directly dependent on water are the most affected with identifiable economic losses resulting from the lack of water. From the management perspective implications of these findings are key to develop mitigation measures to reduce drought risk exposure. These results suggest that more open agricultural markets, and wider and more flexible procurement strategies of the agro-industry reduces the socio-economic exposure to drought cycles. This paper presents the results of research conducted under PREEMPT project (Policy relevant assessment of the socioeconomic effects of droughts and floods, ECHO - grant agreement # 070401/2010/579119/SUB/C4), which constitutes an effort to provide

  10. Ecological economics and economic growth.

    Science.gov (United States)

    Victor, Peter A

    2010-01-01

    Boulding's 1966 paper on the economics of spaceship Earth established the framework for ecological economics and an understanding of economic growth. In ecological economics, economies are conceptualized as open subsystems of the closed biosphere and are subject to biophysical laws and constraints. Economic growth measured as an increase in real gross domestic product (GDP) has generally been associated with increases in the use of energy and materials and the generation of wastes. Scale, composition, and technology are the proximate determinants of environmental impacts. They are often reduced to two: scale (GDP) and intensity (impact per unit GDP). New work described in this paper defines "green" growth as intensity that declines faster than scale increases. Similarly, "brown" growth occurs when intensity declines more slowly than increases in scale, and "black" growth happens when both scale and intensity increase. These concepts are then related to the environmental Kuznets curve, which can be understood as a transition from brown to green growth. Ecological economics provides a macroperspective on economic growth. It offers broad policy principles, and it challenges the primacy of economic growth as a policy objective, but many important questions remain.

  11. On the role of credit in agricultural growth: An Iranian panel data analysis

    Directory of Open Access Journals (Sweden)

    Saeed Hosseini Nejad

    2018-01-01

    Full Text Available Credit is considered as a major stimulus of economic growth especially in developing economies. Given the critical role of agriculture in Iranian economy in one hand and lack of credit on the other hand, study on the association between credit and sector growth is necessary. Based on a provincial panel data set, this article identifies econometrically the impact of credits provided by non-governmental funds on agricultural growth for the period 2008–2014. Main results introduce credit as a driver of sector growth as one percent rise in credits allocated leads, on average, to 0.59 percent increase in agricultural growth. Same effect is found for labor, public investment and energy inputs. Public supportive policies aiming at empowering of private funds and increase their capital, is recommended.

  12. Population, internal migration, and economic growth: an empirical analysis.

    Science.gov (United States)

    Moreland, R S

    1982-01-01

    The role of population growth in the development process has received increasing attention during the last 15 years, as manifested in the literature in 3 broad categories. In the 1st category, the effects of rapid population growth on the growth of income have been studied with the use of simulation models, which sometimes include endogenous population growth. The 2nd category of the literature is concerned with theoretical and empirical studies of the economic determinants of various demographic rates--most usually fertility. Internal migration and dualism is the 3rd population development category to recieve attention. An attempt is made to synthesize developments in these 3 categories by estimating from a consistent set of data a 2 sector economic demographic model in which the major demographic rates are endogenous. Due to the fact that the interactions between economic and demographic variables are nonlinear and complex, the indirect effects of changes in a particular variable may depend upon the balance of numerical coefficients. For this reason it was felt that the model should be empirically grounded. A brief overview of the model is provided, and the model is compared to some similar existing models. Estimation of the model's 9 behavior equations is discussed, followed by a "base run" simulation of a developing country "stereotype" and a report of a number of policy experiments. The relatively new field of economic determinants of demographic variables was drawn upon in estimating equations to endogenize demographic phenomena that are frequently left exogenous in simulation models. The fertility and labor force participation rate functions are fairly standard, but a step beyong existing literature was taken in the life expectancy and intersectorial migration equations. On the economic side, sectoral savings functions were estimated, and it was found that the marginal propensity to save is lower in agriculture than in nonagriculture. Testing to see the

  13. Exploring economic structure and drivers of economic growth in Botswana

    Directory of Open Access Journals (Sweden)

    Patricia Lindelwa Makoni

    2015-12-01

    Full Text Available This article set out to analyse the economic structure and main economic drivers in Botswana. Botswana, a country in sub-Saharan Africa, is a relatively small economy, hugely dependent on its diamond mineral wealth. Concerns have arisen in recent years that the diamond deposits will soon be depleted and the country therefore needs to embark on a diversification programme to broaden its economic base. In order to understand the Botswana economy, its economic structure and current domestic sectorial performance were evaluated, as well as its trends in imports and exports. An analysis of the data shows that, regardless of the awareness of the sensitivity to external shocks of commodity prices, as well as the obvious future depletion of diamond reserves, the Botswana economy continues to rely on diamonds, at the expense of attracting international capital flows to enhance and maintain sustainable economic growth, through investments in agriculture, manufacturing and tourism. It is therefore recommended that the Government of Botswana becomes proactive and implements recommended policies to diversify its economy, so that it can sustain or improve its economic growth by becoming a prime destination of international capital and domestic private sector investment, thereby increasing employment and trade opportunities.

  14. Economic intelligence and intellectual capital in agriculture competitiveness: Case study

    Directory of Open Access Journals (Sweden)

    Nešković Slobodan

    2016-01-01

    Full Text Available The process of globalization in the last few decades conditioned the many technological, economic and social changes which have transformed the world market of agricultural products and the impact on the competitive environment. In the modern world, creating material value in agricultural production more and more the result of the intangible factors and production is increasingly based on knowledge, skills and innovation of employees. In the industrial age the necessary resources to achieve competitive advantages were capital, natural resources and work, while in today's knowledge-based economy the importance is on the information, innovation, knowledge, intellectual capital and intellectual property - that have become the foundation of creating all other values. These values are, because of their great importance in achieving the modern competitive advantages, very often the target of economic intelligence and therefore require all available forms of protection. The sector of agricultural production can make a significant contribution to improving the overall national competitiveness if it is based on intellectual capital as evidenced by the country with highly developed agriculture. However, by observing global changes can be concluded that Serbia in this sector has unused potential for growth and development.

  15. Agriculture, population, and economic planning in Ethiopia, 1953-1980.

    Science.gov (United States)

    Robinson, W C; Yamazaki, F

    1986-04-01

    This paper deals with the economic development of Ethiopia in the 3 decades between 1950 and 1980. In particular, it examines governmental efforts at agricultural planning during this period compared to the actual experience of the country. The dominant forces governing the changes that occurred in this period were accelerated population growth and the declining availability of arable land, which combined to push a fragile, traditional ecosystem to the brink of disaster. Government planning efforts had little impact in the pre-1974 period, since they were too modest and small scale to affect the highly traditional and primitive mode of peasant cultivation. The sweeping structural changes introduced by the new regime since 1974 seem to have mainly adverse effects and to have decreased both productivity and yields. Ethiopia lacks the basic infrastructure and incentive system to create an environment in which technological change is possible. Presumably the declining agricultural growth rate from 1953 to 1974 suggests that the traditional, prerevolution system was failing to create these favorable conditions and hence was losing the race with population growth. The post-1974 revolutionary government's policy has been, in effect, an effort to jump to an advanced phase of agricultural development, and this seems to have been even less successful. These plans have, in all fairness, been hamstrung since 1981 by drought, famine, and civil war, but have probably themselves contributed to the severity of those events. Overall, Ethiopian agricultural planning has not been notably successful. From 1953-1980, total agricultural production is estimated to have grown at a slowly decreasing rate. The collapse of agriculture due to several years of drought obviously cannot be blamed on government planning, but its severity clearly has been at least partly a function of policy failures.

  16. Economic effect of applied nuclear-agricultural science in China

    International Nuclear Information System (INIS)

    Ji Xiaobing; Zhou Zhihong; Zhao Shoufeng

    1998-01-01

    The economic effect of applied nuclear-agricultural science for 40 years in China have been summarized, analyzed and appraised. The economic regularity and features which are followed by research-development-production in the field of applied nuclear agricultural science in China are explored according to the essential characteristics of economics for input-output ratio and the itself-features of nuclear agricultural science. Some propositions for promoting the development and the economic effect of the applied nuclear-agricultural science in China are also given

  17. Women Farmer’s and Agriculture Growth: Challenge and Perspective for Africa face the economic crisis

    OpenAIRE

    Adeniyi, Labintan

    2010-01-01

    In poor countries the agricultural sector is essential to growth, poverty reduction, and food security. In Sub- Saharan Africa, the agricultural sector employs 65 percent of the labor force and generates 32 per cent of GDP growth (Christian Friis Bach and all, 2008).More than half of rural employment in Sub- Saharan Africa consists of self-employed farmers, many of whom are women. Women generally own less land and the land they have is often of lower quality than the land owned by men. Accord...

  18. Industrial policy, production efficiency improvement and the Chinese county economic growth

    Directory of Open Access Journals (Sweden)

    Wang Zhenhua

    2016-12-01

    Full Text Available This study aims at analyzing the difference in the level of economic development between China’s counties from the two perspectives of industrial policy and production efficiency. Based on panel data of 1830 Chinese counties, this study employs the new classical economic growth theory framework to analyze the counties’ economic growth by the perpetual inventory method, Malmquist index, among others. The results show that the economy of the counties exhibits δ convergence since 2004, and the absolute differences in the different counties are expanding. Industrial policy ensures the additional deepening of the level of capital in the county. Additionally, a substantial difference was observed between the agricultural sector and the non-agricultural sector, whereby the total factor productivity and the technical efficiency are on the rise, resulting in the phenomenon of dual paths of technological progress. In summary, the capital deepening difference between the sectors, production efficiency, and dual paths of technological progress owing to the counties’ industrial policy are the basic reasons for the regional differences in the level of economic development in China.

  19. Analysis of Fiji’s Export and Its Impact on Economic Growth

    Directory of Open Access Journals (Sweden)

    Shivneil Kumar Raj

    2017-05-01

    Full Text Available Exports are vital for Fiji’s economy as it contributes significantly to its gross domestic product (GDP and economic growth. The export data over the years show very slow growth and is gradually increasing. Fiji’s GDP data show that GDP is gradually increasing. Thus, Fiji’s economic growth is also increasing at a steady rate. This study aims to measure the relationship between exports and economic growth in Fiji. A regression analysis on data collected for Fiji from 2000-2015 shows that there is a strong positive relationship between exports and economic growth. Thus, when exports increase, economic growth also increases. Potential sectors that can be further developed to boost Fiji’s exports are sugar, garment, tourism and agriculture. The government should restrict imports through import quotas, tariffs and embargoes and give subsidies and tax incentives to potential export sectors to boost domestic production and increase exports. The government’s motive is to increase export incentives and promote Fiji made products both locally and overseas. Thus, this leads to an increase in exports, improves the trade balance and economic growth. This research article was undertaken to carry out research to investigate the link between Fiji’s export and economic growth and highlight ways and potential sectors to increase Fiji’s export and reduce imports.

  20. Investigation on the Relationship owth of Agricultural Sector’s Growth with Growth of Industrial and Service Sectors (Commerce, Transportation, Telecommunication in Iran

    Directory of Open Access Journals (Sweden)

    yaghoob zeraatkish

    2014-03-01

    Full Text Available Agriculture has always been considerd as one of the important sectors in domestic and international economy .Based on the Central Bank Statistics; agriculture’s share in the Iranian GDP at the constant price of the year 1998 was 13 percent of the GDP in the year 2007. Therefore, studies on the role of agriculture in an economy and its interactions with other economic sectors should be considered with a special attention. This paper aimed at surveying the effects of growth of value-added in agriculture on the value-added of different sectors of industry, services as well as subordinate sectors of transportation, communication and commerce. In this regard, the status of the period between 1967 to 2009 is used. To determine the relationship among the study variables, some econometric techniques such as VAR were used. The results of VAR technique proves that there is a positive relation among the growth of value-added in the agricultural sector with the growth of industrial sector and the growth of sub-sectors of communication, transportation and commerce. Among the mentioned sectors and sub-sectors, the growth of commerce has maximum effect on the agricultural growth. Furthermore, in the short term, the growth variant of trading sector presented the largest share in explaining the variants of the agriculture sector . The growth variant of communication sector is trivial

  1. GROWTH IN INSTITUTIONAL AGRICULTURAL CREDIT IN THE PUNJAB STATE OF INDIA

    Directory of Open Access Journals (Sweden)

    Hanish Sharma

    2014-12-01

    Full Text Available The present study revealed that the scheduled commercial banks were actively participating to uplift the socio-economic development in the state. A significant increase was also observed in the number of branches for the commercial banks, cooperative banks, Primary Agricultural Development Banks (PADB, Regional Rural Banks (RRBs during the last few years. Also increasing trend in flow of total deposits and advances in the Punjab state for the last twenty two years was found at significant compound growth rate of 14.1 percent and 17.4 per cent per annum, respectively. The growth was also significant in the total agricultural credit advances at compound growth rate of 20.03 per cent per annum. Similar increase was found in the total micro credit advances at compound growth rate of 29.95 per cent per annum, in the total advances to weaker sections at compound growth rate of 29.70 per cent per annum and in the debt waiver scheme in the state. The KCC advances increased at compound growth rate of 22.40 per cent per annum.

  2. Economic growth, ecological economics, and wilderness preservation

    Science.gov (United States)

    Brian Czech

    2000-01-01

    Economic growth is a perennial national goal. Perpetual economic growth and wilderness preservation are mutually exclusive. Wilderness scholarship has not addressed this conflict. The economics profession is unlikely to contribute to resolution, because the neoclassical paradigm holds that there is no limit to economic growth. A corollary of the paradigm is that...

  3. Economics of Sustainable Development. Competitiveness and Economic Growth

    Directory of Open Access Journals (Sweden)

    Dorel AILENEI

    2011-02-01

    Full Text Available Economic growth is one of the most important issues of humanity. Both in national economies and world economy, recession and prosperity periods are regularly succeeding with different amplitudes. But beyond these fluctuations and their effects, the results are important: performance and economic growth. Because of the problematical issue of economic growth, the authors are trying to critically reflect on the economic growth concept and on its implications on the praxis area. Although there is a large literature about economic growth modeling, it is intriguing that there still are some serious obstacles for conceptualization and praxis. Only the simple fact that the economic growth process needs serious thinking on the time dimension is sufficient for understanding the real difficulties of this problematical issue. As for the economic growth praxis, a clear analysis of the interests system within an economy is needed. Without trying to find miraculous solutions for the economic growth issue, the authors suggest a clear and correct analysis of this important subject.

  4. Developing the organizational-economic relations during agricultural-industrial integration

    Directory of Open Access Journals (Sweden)

    Svetlana A. Okladchik

    2016-09-01

    Full Text Available Objective to substantiate the need for economic integration of agricultural enterprises. Methods abstractlogical monographic. Results economic integration in agriculture is needed due to the destruction of economic relations in the period of economy liberalization and decrease in efficiency and productivity in agriculture. The solution to the problems of financing pricing and marketing of agricultural products lies in the sphere of forming integrative relations between enterprises producing processing and marketing agricultural products. Basing on the analysis of theoretical provisions the main forms of enterprises integration is identified such as contractual relationship without creating new legal entities formation of associations unions holding companies financialindustrial groups. It was found that the most effective are those forms of associations that form a complete closed cycle of production and sales i.e. holdings and financialindustrial groups. Basing on the analysis of the economic integration principles the necessity was determined of implementing the principle of stability of economic relations which will allow to overcome the crisis in the agrarian sector. In addition the author has formulated principles for the implementing the economic mechanism in integrated groups based on equality freedom and integrity of such groups. The key components of economic relations in terms of integration were identified ndash organizational unity of the technological process as well as the transformation of the interests of technologically related actors towards a common result. Scientific novelty the principle of stability of economic links during integration of agricultural enterprises was formulated. The necessity was proved of integrating the enterprises providing comparable levels of capacity utilization and the possibility of complete product sales as well as the necessity of forming integration relations as a single object of ownership

  5. The Anatomy of Medium-Scale Farm Growth in Zambia: What Are the Implications for the Future of Smallholder Agriculture?

    Directory of Open Access Journals (Sweden)

    Nicholas Sitko

    2015-09-01

    Full Text Available Lost in the debates about the appropriate scale of production to promote agricultural growth in Africa is the rapid expansion of medium-scale farmers. Using Zambia as a case study, this article explores the causes and consequences of this middle-tier transformation on the future of small-scale agriculture. Combining political economic analysis with household survey data, this article examines the relationships between the growth in medium-scale farmers and changing conditions of land access, inequality, and alienation for small-scale farmers. Growth of medium-scale farmers is associated with high land inequality and rapid land alienation in high potential agricultural areas. This growth is shown to be partially driven by wage earner investment in land acquisition and is leading to substantial under-utilization of agricultural land. These processes are both limiting agricultural growth potential and foreclosing future options for an inclusive agricultural development strategy.

  6. Genetically Modified Crops: Towards Agricultural Growth, Agricultural Development, or Agricultural Sustainability?

    OpenAIRE

    Azadi, Hossein; Ghanian, Mansour; Ghuchani, Omid M.; Rafiaani, Parisa; Taning, Clauvis N. T.; Hajivand, Roghaye Y.; Dogot, Thomas

    2015-01-01

    The present debate on how to increase global food production in a sustainable way has focused on arguments over the pros and cons of genetically modified (GM) crops. Scientists in both public and private sectors clearly regard GM technology as a major new set of tools, whereas industry sees it as an opportunity for increased profits. However, it remains questionable whether GM crops can contribute to agricultural growth, agricultural development, and agricultural sustainability. This review p...

  7. Effects of culture systems on growth and economic performance of ...

    African Journals Online (AJOL)

    IFEOMA PIUS

    2013-07-03

    Jul 3, 2013 ... The effect of culture system on growth and economics performance of Orechromis niloticus ( ... from the Food and Agriculture Organization (FAO) stated ... in the reduction of the availability of natural fish food ..... lowest profit, while algae only had the lowest cost and ... Also, maximizing production in terms of.

  8. Economic Growth, Economic Freedom, and Governance

    OpenAIRE

    Cebula, Richard; Ekstrom, Marcus

    2008-01-01

    This exploratory study examines the impact of various forms of economic freedom and various dimensions of governance, as well as a number of economic factors, on economic growth among OECD nations. Empirical estimation finds that the natural log of per capita purchasing-power-parity adjusted real GDP in OECD nations is positively impacted by business freedom, monetary freedom, trade freedom, and property rights security. Economic growth is found to be negatively affected by perceived governme...

  9. Earthquakes and economic growth

    OpenAIRE

    Fisker, Peter Simonsen

    2012-01-01

    This study explores the economic consequences of earthquakes. In particular, it is investigated how exposure to earthquakes affects economic growth both across and within countries. The key result of the empirical analysis is that while there are no observable effects at the country level, earthquake exposure significantly decreases 5-year economic growth at the local level. Areas at lower stages of economic development suffer harder in terms of economic growth than richer areas. In addition,...

  10. Agriculture and Water Policy : Toward Sustainable Inclusive Growth

    OpenAIRE

    Ahmed, Syud Amer; Gautam, Madhur

    2013-01-01

    This paper reviews Pakistan's agriculture performance and analyzes its agriculture and water policies. It discusses the nature of rural poverty and emphasizes the reasons why agricultural growth is a critical component to any pro-poor growth strategy for Pakistan. It supports these arguments by summarizing key results from recent empirical analysis where the relative benefits of agricultur...

  11. Environmentally Sustainable Economic Growth

    Directory of Open Access Journals (Sweden)

    Stelian Brad

    2016-05-01

    Full Text Available Economic growth and sustainable development are important issues for social prosperity. Sustainable development strives for moderate and responsible use within the economic activity of the limited resources of our planet, whereas economic growth does not limit the resource exploitation and energy, being mainly focused on productivity increase. From this perspective, both conceptual and operational contradictions occur between the two pillars of prosperity. This paper looks to these contradictions and proposes some streams of intervention such as economic growth and environmental sustainability to operate in harmony. A structured framework for innovative problem solving is considered in this respect. Results of this research show that it is possible to induce smart measures in the economic system for directing businesses towards new paradigms where economic growth is possible without negative effects on environmental sustainability.

  12. Economic growth in border areas of the state of Paraná

    Directory of Open Access Journals (Sweden)

    Márcia Terezinha Michelon

    2015-07-01

    Full Text Available The development of a region is connected with economic growth and the movement of people and capital. The State of Paraná is bordered by São Paulo, Santa Catarina, Mato Grosso do Sul, Argentina, Paraguay and the port of Paranaguá which is the main gateway to the outside world. Mesoregions the State of Paraná define the object to be studied, because since its occupation in the sixteenth century to the present day, over and undergoes great changes in population location and in their productive matrix. The Paraná from a primarily agricultural situation for an industrialized State and services with gradual economic growth. In this regard the purpose of this paper is to analyze occupational changes and capital by inserting the three sectors, agricultural, industrial and commercial / services, in Paraná state border. The methodology used to study the growth of mesoregions were the locational quotient and structural-differential analysis. The secondary data were collected from the sources IPEADATA (2013 and RAIS (2013. The procedures have shown the region that had better growth in the state: the periphery of the state or border region. It was found that the region that stood out was that of Curitiba due to proximity to the Port of Paranaguá

  13. Landscape urbanization and economic growth in China: positive feedbacks and sustainability dilemmas.

    Science.gov (United States)

    Bai, Xuemei; Chen, Jing; Shi, Peijun

    2012-01-03

    Accelerating urbanization has been viewed as an important instrument for economic development and reducing regional income disparity in some developing countries, including China. Recent studies (Bloom et al. 2008) indicate that demographic urbanization level has no causal effect on economic growth. However, due to the varying and changing definition of urban population, the use of demographic indicators as a sole representing indicator for urbanization might be misleading. Here, we re-examine the causal relationship between urbanization and economic growth in Chinese cities and provinces in recent decades, using built-up areas as a landscape urbanization indicator. Our analysis shows that (1) larger cities, both in terms of population size and built-up area, and richer cities tend to gain more income, have larger built-up area expansion, and attract more population, than poorer cities or smaller cities; and (2) that there is a long-term bidirectional causality between urban built-up area expansion and GDP per capita at both city and provincial level, and a short-term bidirectional causality at provincial level, revealing a positive feedback between landscape urbanization and urban and regional economic growth in China. Our results suggest that urbanization, if measured by a landscape indicator, does have causal effect on economic growth in China, both within the city and with spillover effect to the region, and that urban land expansion is not only the consequences of economic growth in cities, but also drivers of such growth. The results also suggest that under its current economic growth model, it might be difficult for China to control urban expansion without sacrificing economic growth, and China's policy to stop the loss of agricultural land, for food security, might be challenged by its policy to promote economic growth through urbanization.

  14. Long Run Relationship Between Agricultural Production And ...

    African Journals Online (AJOL)

    The study sought to estimate the impact of agricultural production on the long run economic growth in Nigeria using the Vector Error Correction Methodology. The result shows that long run relationship exists between agricultural production and economic growth in Nigeria. Among the variables in the model, crop production ...

  15. Agricultural Commodity Price Shocks and their Effect on Growth in Sub-Saharan Africa

    OpenAIRE

    Addison, Tony; Ghoshray, Atanu

    2014-01-01

    Commodity price shocks are an important type of external shock and are often cited as a problem for economic growth in sub-Saharan Africa. This paper quantifies the impact of agricultural commodity price shocks using a near vector autoregressive model. The novel aspect of this model is that we define an auxiliary variable that can potentially capture the definition of a price shock that allows us to determine whether the response of per capita Gross domestic product (GDP) growth in sub-Sahara...

  16. Energy, economic growth, and human welfare

    International Nuclear Information System (INIS)

    Schurr, S.H.

    1984-01-01

    The subject is covered in sections, entitled: economic growth and human welfare; world-wide economic growth; economic growth and energy consumption; assessing the future; caution advised; energy supply and economic growth; supply as constraint; sound policies needed. (U.K.)

  17. FDI- Economic Growth Nexus

    DEFF Research Database (Denmark)

    Bujac, Andreea Ioana; Corado Cretu, Emanuel

    2017-01-01

    Conducting a systematic literature review on the topic of FDI and Economic Growth and investigating this relationship, along with the determinants of an economy that attract FDI and the externalities resulting from Foreign activities, it is found that FDI does have a positive effect on a host...... country’s economic growth but only with the preexistence of certain determinants which facilitate the absorption capacity of the host country on reaping the spillover effects (externalities) of FDI. Lastly, a framework was built to illustrate the interaction between FDI, Determinants and condition...... of the host economy, barriers to growth, economic growth and externalities....

  18. Analysis of the Components of Economic Potential of Agricultural Enterprises

    OpenAIRE

    Vyacheslav Skobara; Volodymyr Podkopaev

    2014-01-01

    Problems of efficiency of enterprises are increasingly associated with the use of the economic potential of the company. This article addresses the structural components of the economic potential of agricultural enterprise, development and substantiation of the model of economic potential with due account of the peculiarities of agricultural production. Based on the study of various approaches to the potential structure established is the definition of of production, labour, financial and man...

  19. Changes of the agricultural enterprises economic environment originated by the agribusiness development

    Directory of Open Access Journals (Sweden)

    Věra Bečvářová

    2004-01-01

    Full Text Available Based upon analyses of the Common Agricultural Policy development and its economic tools reforming the process of changing is characterised there. It deals with the multifunctionality of agriculture as well as the influence of the CAP on environment of the production tasks of agriculture and food processing industry accomplishment. Paper generalises results of new trends of the agribusiness economic environment development and the opportunity of an effective utilization of production factors in agriculture. It deals with the sources and economic implications of partial enhancement of interest and redirection of support within framework and type of tools of agrarian policy. New quality of structure of relevant information needs and economic support for agricultural enterprises decision making process are pointed out.

  20. ECONOMIC gROWTH, GLOBALIZATION AND TRADE

    OpenAIRE

    Nuno Carlos LEITÃO

    2012-01-01

    The purpose of this article is to investigate the relationship between economic growth, globalization and trade. The manuscript uses the assumptions of the economic growth exogenous and endogenous models. It introduces new proxies for explain the economic growth as in intra-industry trade, foreign direct investment and globalization index. The results indicate that economic growth is a dynamic process. The intra-industry has a positive impact on economic growth. This paper confirms relevan...

  1. Economic growth and business cycles

    NARCIS (Netherlands)

    Canton, E.J.F.

    1997-01-01

    This thesis contains five essays on economic growth and business cycles. The main focus is on the interaction between economic growth and the cycle: is cyclical variability good or bad for the long-run rate of economic growth? The introduction aims to provide some empirical evidence for an

  2. Soil Degradation, Policy Intervention and Sustainable Agricultural Growth

    NARCIS (Netherlands)

    Sasmal, J.; Weikard, H.P.

    2013-01-01

    Sustainable agricultural growth in developing countries is jeopardized by soil degradation consequent upon intensive cultivation and use of increasing doses of chemical inputs. To pave the way to sustainable agricultural growth we develop a model that incorporates organic fertilizer into the

  3. ECONOMIC GROWTH THEORIES, CONCEPTUAL ELEMENTS, CHARACTERISTICS

    Directory of Open Access Journals (Sweden)

    Florina, POPA

    2014-11-01

    Full Text Available The approach of economic growth involves understanding the concept and growth factors, respectively, analysing the growth theories, their trend in the context of the development of economic and social life. The economic growth signifies a process aimed at increasing activities in the national economy, expressed by macroeconomic indicators, respectively, the dynamics of the overall Gross Domestic Product or per inhabitant. It can appreciate that, in the short term, this process signifies phases of economic prosperity and on the long-term, expresses an upward trend, a consequence of the succession of increases and decreases. The study presents some elements which outlines the concept of economic growth, that is, definitions, meanings and the main characteristics of the theories of growth, as well as some of its determinant factors. Also, it gives a brief overview of the main theories of economic growth, as they have evolved over time, in line with the economic reality dynamics and the development of the instruments of economic analysis, starting from the classical theories to the new theories and models of economic growth of the modern age.

  4. Agriculture and Economic Development in Sub-Saharan Africa and Asia

    OpenAIRE

    Massoud Karshenas

    2000-01-01

    This paper is a comparative study of the role of agriculture in economic development in sub-Saharan Africa and Asia. Popular notions of economic duality and agricultural squeeze in sub-Saharan Africa are re-examined, and new explanations in terms of agrarian structures and resource availabilities are put forward to account for the apparent economic duality in that continent. Comparison with surplus labour economies of Asia highlights the constraints posed by the prevailing agrarian structures...

  5. Economic Analyses of Ware Yam Production in Orlu Agricultural ...

    African Journals Online (AJOL)

    Economic Analyses of Ware Yam Production in Orlu Agricultural Zone of Imo State. ... International Journal of Agriculture and Rural Development ... statistics, gross margin analysis, marginal analysis and multiple regression analysis. Results ...

  6. An economic theory-based explanatory model of agricultural land-use patterns

    NARCIS (Netherlands)

    Diogo, V.; Koomen, E.; Kuhlman, T.

    2015-01-01

    An economic theory-based land-use modelling framework is presented aiming to explain the causal link between economic decisions and resulting spatial patterns of agricultural land use. The framework assumes that farmers pursue utility maximisation in agricultural production systems, while

  7. Optimizing cultivation of agricultural products using socio-economic and environmental scenarios.

    Science.gov (United States)

    RaheliNamin, Behnaz; Mortazavi, Samar; Salmanmahiny, Abdolrassoul

    2016-11-01

    The combination of degrading natural conditions and resources, climate change, growing population, urban development, and competition in a global market complicate optimization of land for agricultural products. The use of pesticides and fertilizers for crop production in the agricultural fields has become excessive in the recent years and Golestan Province of Iran is no exception in this regard. For this, effective management with an efficient and cost-effective practice should be undertaken, maintaining public service at a high level and preserving the environment. Improving the production efficiency of agriculture, efficient use of water resources, decreasing the use of pesticides and fertilizers, improving farmer revenue, and conservation of natural resources are the main objectives of the allocation, ranking, and optimization of agricultural products. The goal of this paper is to use an optimization procedure to lower the negative effects of agriculture while maintaining a high production rate, which is currently a gap in the study area. We collected information about fertilizer and pesticide consumption and other data in croplands of eastern Golestan Province through face-to-face interviews with farmers to optimize cultivation of the agricultural products. The toxicity of pesticides according to LD50 was also included in the optimization model. A decision-support software system called multiple criteria analysis tool was used to simultaneously minimize consumption of water, chemical fertilizers, and pesticides and maximize socio-economic returns. Three scenarios for optimization of agricultural products were generated that alternatively emphasized on environmental and socio-economic goals. Comparing socio-economic and environmental performance of the optimized agricultural products under the three scenarios illustrated the conflict between social, economic, and environmental objectives. Of the six crops studied (wheat, barley, rice, soybeans, oilseed rape

  8. Role Of Agriculture In Economic Development Of Developing ...

    African Journals Online (AJOL)

    Only while this effect is positive for China, Congo and Burkina Faso, in Cameroon was negative. This negative effect can be explained by the vigorous recovery of the general economic situation, which led to a total reduction of the agriculture place in economy of the country. Journal of Agriculture and Social Research Vol.

  9. The economic impacts of climate change on the Chilean agricultural sector: A non-linear agricultural supply model

    Directory of Open Access Journals (Sweden)

    Roberto Ponce

    2014-12-01

    Full Text Available Agriculture could be one of the most vulnerable economic sectors to the impacts of climate change in the coming decades, with impacts threatening agricultural production in general and food security in particular. Within this context, climate change will impose a challenge to policy makers, especially in those countries that based their development on primary sectors. In this paper we present a non-linear agricultural supply model for the analysis of the economic impacts of changes in crop yields due to climate change. The model accounts for uncertainty through the use of Monte Carlo simulations about crop yields. According to our results, climate change impacts on the Chilean agricultural sector are widespread, with considerable distributional consequences across regions, and with fruits producers being worst-off than crops producers. In general, the results reported here are consistent with those reported by previous studies showing large economic impacts on the northern zone. However, our model does not simulate remarkable economic consequences at the country level as previous studies did.

  10. Sociological explanations of economic growth.

    Science.gov (United States)

    Marsh, R M

    1988-01-01

    Even if questions of how resources are distributed within and between societies are the main concern, it is necessary to continue to grapple with the issue of the causes of economic growth since economic growth and level of development continue to be among the most important causes of inequality, poverty, unemployment, and the quality of life. This paper's dependent variable is the economic growth rate of 55 less developed countries (LDCs) over 2 time periods. 1970-78 and 1965-84. The causal model consists of control variables--level of development and domestic investment in 1965--and a variety of independent variables drawn from major sociological theories of economic growth published during the last 3 decades. Multiple regression analysis shows that, net of the effects of the 2 control variables, the variables which have the strongest effect on economic growth are: 1) direct foreign investment, which has a negative effect, 2) the proportion of the population in military service, and 3) the primary school enrollment ratio, both of which have positive effects on economic growth. On the other hand, variables drawn from some theories receive no empirical support. The mass media of communications, ethnolinguistic heterogeneity, democracy and human rights, income inequality, and state-centric theory's key variable, state strength, all fail to show any significant impact on economic growth rates when the control variables and the significant independent variables are held constant. The theoretical implications of these findings are discussed.

  11. AFRICAN JOURNAL OF ECONOMIC REVIEW

    African Journals Online (AJOL)

    Dr Kazungu

    regional trade and the region's economic growth remain unknown. ... knowledge, and therefore, contributes to innovation and economic growth. ... The role of agricultural sector in economic development and welfare improvement in EAC states.

  12. Quality, Export and Economic Growth

    DEFF Research Database (Denmark)

    Madsen, Erik Strøjer; Pedersen, Kurt

    1998-01-01

    in an international context. The paper, therefore, addresses the complicated interactions between economic growth, export performance and quality. The contribution of the paper, compared to other growth accounting research, is the inclusion of quality data, quality being a significant mirror of technological...... development. The countries covered by the research represent a wide variation in terms of economic development, from poor LDC's to the most developed industrial nations. The empirical results reveal a probable strong relationship between quality/price and export growth as well as economic growth. This new...

  13. Global economic trade-offs between wild nature and tropical agriculture.

    Science.gov (United States)

    Carrasco, Luis R; Webb, Edward L; Symes, William S; Koh, Lian P; Sodhi, Navjot S

    2017-07-01

    Global demands for agricultural and forestry products provide economic incentives for deforestation across the tropics. Much of this deforestation occurs with a lack of information on the spatial distribution of benefits and costs of deforestation. To inform global sustainable land-use policies, we combine geographic information systems (GIS) with a meta-analysis of ecosystem services (ES) studies to perform a spatially explicit analysis of the trade-offs between agricultural benefits, carbon emissions, and losses of multiple ecosystem services because of tropical deforestation from 2000 to 2012. Even though the value of ecosystem services presents large inherent uncertainties, we find a pattern supporting the argument that the externalities of destroying tropical forests are greater than the current direct economic benefits derived from agriculture in all cases bar one: when yield and rent potentials of high-value crops could be realized in the future. Our analysis identifies the Atlantic Forest, areas around the Gulf of Guinea, and Thailand as areas where agricultural conversion appears economically efficient, indicating a major impediment to the long-term financial sustainability of Reducing Emissions from Deforestation and forest Degradation (REDD+) schemes in those countries. By contrast, Latin America, insular Southeast Asia, and Madagascar present areas with low agricultural rents (ARs) and high values in carbon stocks and ES, suggesting that they are economically viable conservation targets. Our study helps identify optimal areas for conservation and agriculture together with their associated uncertainties, which could enhance the efficiency and sustainability of pantropical land-use policies and help direct future research efforts.

  14. Electricity regulation and economic growth

    OpenAIRE

    Costa, M. Teresa (Maria Teresa), 1951-; Garcia-Quevedo, Jose; Trujillo-Baute, Elisa

    2018-01-01

    The main objective of this paper is to analyse the effect of electricity regulation on economic growth. Although the relationship between electricity consumption and economic growth has been extensively analysed in the empirical literature, this framework has not been used to estimate the effect of electricity regulation on economic growth. Understanding this effect is essential for the assessment of regulatory policy. Specifically, we assess the effects of two major areas of regulation, rene...

  15. Agricultural biotechnology and its contribution to the global knowledge economy.

    Science.gov (United States)

    Aerni, Philipp

    2007-01-01

    The theory of neoclassical welfare economics largely shaped international and national agricultural policies during the Cold War period. It treated technology as an exogenous factor that could boost agricultural productivity but not necessarily sustainable agriculture. New growth theory, the economic theory of the new knowledge economy, treats technological change as endogenous and argues that intangible assets such as human capital and knowledge are the drivers of sustainable economic development. In this context, the combined use of agricultural biotechnology and information technology has a great potential, not just to boost economic growth but also to empower people in developing countries and improve the sustainable management of natural resources. This article outlines the major ideas behind new growth theory and explains why agricultural economists and agricultural policy-makers still tend to stick to old welfare economics. Finally, the article uses the case of the Cassava Biotechnology Network (CBN) to illustrate an example of how new growth theory can be applied in the fight against poverty. CBN is a successful interdisciplinary crop research network that makes use of the new knowledge economy to produce new goods that empower the poor and improve the productivity and nutritional quality of cassava. It shows that the potential benefits of agricultural biotechnology go far beyond the already known productivity increases and pesticide use reductions of existing GM crops.

  16. IMPACT OF GROWTH IN AGRICULTURAL SECTOR ON POVERTY LEVEL IN PAKISTAN

    Directory of Open Access Journals (Sweden)

    Zeshan ANWA

    2013-08-01

    Full Text Available The purpose of this study is to analyze the relationship between growth in agricultural sector and poverty in Pakistan. It explores that how much the poor people have gained from growth in agricultural sector of Pakistan by considering growth magnitude and benefits obtained by the poor people resulting from growth for the period of 1985 to 2005 through applying OLS Regression Technique. The results indicate that the variable of growth in agricultural sector is significantly and negatively associated with the variable of poverty, i.e., the growth in agricultural sector of Pakistan will result in reducing the level of poverty in Pakistan.

  17. ECOLOGICAL AND ECONOMIC CONFLICTS: AGRICULTURAL USE OR CULTIVATION BIOMASS SECOND GENERATION

    Directory of Open Access Journals (Sweden)

    T. Trohlyuk

    2014-06-01

    Full Text Available To negotiate the consequences of agricultural modernization as an example of nature Polissya areas in Ukraine. Studies addressing the conceptual foundations of ecological and economic conflict over agricultural use or cultivation of second generation biomass due to the transformation of land use during the economic reforms in the country. Proposed to solve it through socio-ecological-economic assessment of environmental audit procedure in the context of the strategy of "green" economy.

  18. Microcredit Effect on Agricultural Productivity

    African Journals Online (AJOL)

    Faculty of Agricultural Sciences Lautech Ogbomoso

    Department of Agricultural Economics & Farm Management University of Agriculture, ... This study examines the effect of access to credit on the productivity of rural farming households in Ogun State,. Nigeria. ... agricultural support to export crops, in ... growth and the alleviation of rural poverty ..... Dissertation, Department of.

  19. Economic risk assessment of drought impacts on irrigated agriculture

    Science.gov (United States)

    Lopez-Nicolas, A.; Pulido-Velazquez, M.; Macian-Sorribes, H.

    2017-07-01

    In this paper we present an innovative framework for an economic risk analysis of drought impacts on irrigated agriculture. It consists on the integration of three components: stochastic time series modelling for prediction of inflows and future reservoir storages at the beginning of the irrigation season; statistical regression for the evaluation of water deliveries based on projected inflows and storages; and econometric modelling for economic assessment of the production value of agriculture based on irrigation water deliveries and crop prices. Therefore, the effect of the price volatility can be isolated from the losses due to water scarcity in the assessment of the drought impacts. Monte Carlo simulations are applied to generate probability functions of inflows, which are translated into probabilities of storages, deliveries, and finally, production value of agriculture. The framework also allows the assessment of the value of mitigation measures as reduction of economic losses during droughts. The approach was applied to the Jucar river basin, a complex system affected by multiannual severe droughts, with irrigated agriculture as the main consumptive demand. Probability distributions of deliveries and production value were obtained for each irrigation season. In the majority of the irrigation districts, drought causes a significant economic impact. The increase of crop prices can partially offset the losses from the reduction of production due to water scarcity in some districts. Emergency wells contribute to mitigating the droughts' impacts on the Jucar river system.

  20. SPECIFICATIONS OF ECOLOGICAL AND ECONOMIC DEVELOPMENT OF THE AGRICULTURAL SECTOR OF UKRAINE

    Directory of Open Access Journals (Sweden)

    Viktor Meglei

    2017-09-01

    Full Text Available The subject of the author’s research is the processes of development of the agrarian sector of Ukrainian economy by ecological-economic specifications. The methodological justification is based on the use of fundamental principles that reflect the main strategies of agrarian development. The systematic approach to the characteristics of the agrarian system, complex by the structure and functional parameters in interaction with the external environment, is applied. Methods of analysis/synthesis are used for the disclosure of the integral nature of the agrarian environment in the context of management of the main processes. The purpose of the author’s research suggests a consideration of the processes of formation of the agrarian system by economic and environmental interactions as modern dominant in the development of the agrarian sector of Ukraine. The analysis of integral components of agrarian development with the reflection of interactions of the sphere of agrarian production and agrarian relations is carried out. The emphasis is made on the importance of the formation of an effective and promising domestic agricultural policy, in the basis of which is the activation of entrepreneurial initiatives, comprehensive development of the agrarian community, ecologically and socially oriented projects of reproduction of rural territories, innovative strategies of ecological and economic ascension of agriculture in Ukraine. The resource base is considered as the economic basis of agriculture from the standpoint of the main sales markets, the state of transport infrastructure, the growth of world and domestic demand for agrarian raw materials and finished products, and the availability of relatively cheap labour resources. The agrarian production is analysed from ecological positions and influences of natural and climatic factors. The state of individual agro-ecological mismatches in agriculture of Ukraine is explained, as well as the reasons of

  1. ECONOMIC GROWTH AND EQUALITY IN REDUCING POVERTY

    Directory of Open Access Journals (Sweden)

    Zaenal Muttaqin

    2016-02-01

    Full Text Available In some developing countries, the instrument to alleviate the poverty is by using the economic growth. So, the increasing in investment, infrastructure development, and macroeconomics stability always be priority from developing countries. In this article explain that economic growth is not the important factor to alleviate the poverty, because equality sometimes is more important rather than the economic growth. In this context, its measure by inequality growth trade off index (IGTI. This method is to measure the influence of economic growth to reducing the inequality, with this method every country can measure which one is better to reducing the poverty whether the economic growth or equality. With this method, Laos in 2000 show that economic growth is more important than equality, but in the same year in Thailand show that equality is more important than economic growth.DOI: 10.15408/sjie.v1i1.2592

  2. City Population Growth and Economic Growth

    DEFF Research Database (Denmark)

    Freire-Gibb, L. Carlos

    2008-01-01

    This article looks at the relationship between city population growth (intimately related to population proximity), and economic development. The hypothesis is that wherever dynamic and inclusive networks exist, there are more opportunities for economic development in this place. When these types...... of networks choose a tool (project, policy) to implement in the city, success will be more likely. Furthermore, virtuous circles will arise. The author gives an overview of two historical cases in urban growth, in Europe (1200-1800) and the U.S.A. (1800 to today)....

  3. Financial Development, Environmental Quality and Economic Growth

    Directory of Open Access Journals (Sweden)

    Shushu Li

    2015-07-01

    Full Text Available In this study, the relationships between financial development, environmental quality and economic growth are studied based on data from 102 countries over the period 1980–2010 using the generalized method of moments (GMM estimation. The econometric results show the following three basic conclusions: First, both financial development and environmental quality have a significant impact on economic growth and should be included in the production function of the economic growth model as important variables. Second, there is a significant and robust “inverted U-shaped” relationship between financial development and economic growth; with the improvement of the level of financial development, economic growth would first increase and then decrease, which is consistent with the results of previous studies. Third, there is also a significant and robust “inverted U-shaped” relationship between economic growth and carbon emissions, indicating that there exists a “critical point” at which achieving economic growth comes at the expense of environmental quality, and after passing the critical point, the deterioration of environmental quality will lead to a significant slowdown in economic growth. In addition, the econometric analysis in this paper also shows that there was a mutually promoting and strengthening relationship between financial development and environmental quality. Specifically, the degree of financial development can further strengthen the promoting effect of environmental quality on economic growth; meanwhile, an improvement in environmental quality can also strengthen the promoting effect of financial development on economic growth. Financial development and environmental quality could influence economic growth through strengthening the marginal product effects of capital and labor, which further indicates the that both financial and environmental factors play an important role in modern economic development.

  4. Peasant-driven agricultural growth and food sovereignty

    NARCIS (Netherlands)

    Ploeg, van der J.D.

    2014-01-01

    The concept of food sovereignty presents us with an important theoretical and practical challenge. The political economy of agriculture can only take up this gauntlet through improving its understanding of the processes of agricultural growth. It is very difficult to address the issue of food

  5. Economic institutions and economic growth: Empirical evidence from the Economic Community of West African States

    Directory of Open Access Journals (Sweden)

    Lazarus Z. Wanjuu

    2017-12-01

    Background: Economic institutions are considered as the fundamental cause of economic growth. Economic institutions affect economic growth through allocation of resources like physical and human capital. Unfortunately, there is dearth of empirical studies showing the impact of economic institutions on growth of the Economic Community of West African States (ECOWAS. Aim: This study investigates the impact of economic institutions on economic growth of the ECOWAS. Setting and method: The study applied cause and effect relationship. The study used econometric research techniques of unit root and co-integration tests to establish the time series properties of the data; the vector error correction and co-integration regression models to estimate the population parameters. The research data comprised data obtained from the United Nations Conference on Trade and Development (UNCTAD, the Transparency International (TI and Heritage Foundation databases. The variables employed were the real gross domestic product (GDP per capita (RGDPPC, corruption perception index (CPI, property rights protection (PROPRGT, private investment per capita (INVESPC, government expenditure per capita (GOEXPPC and trade openness (TRAOPN. Results: The results of the data analysed showed that economic institutions represented by the property rights index engender RGDPPC growth in ECOWAS. The CPI could not stimulate RGDPPC growth in ECOWAS. The results also show that all the other variables stimulated growth except trade openness. Conclusion: The study concludes that good economic institutions, private investments, and government intervention by providing security, economic and social infrastructural facilities are conducive for economic growth in the ECOWAS region. The study recommended that more efforts be made at curbing corruption in the region

  6. Bio-economic household modelling for agricultural intensification

    NARCIS (Netherlands)

    Kruseman, G.

    2000-01-01

    This study contributes to the quest for sustainable agricultural intensification through the development of a quantitative bio-economic modelling framework that allows assessment of new technology and policy measures in terms of household welfare and sustainability indicators. The main aim

  7. Effects of Greenhouse Gas Emissions on World Agriculture, Food Consumption, and Economic Welfare

    International Nuclear Information System (INIS)

    Darwin, R.

    2004-01-01

    Because of many uncertainties, quantitative estimates of agriculturally related economic impacts of greenhouse gas emissions are often given low confidence. A major source of uncertainty is our inability to accurately project future changes in economic activity, emissions, and climate. This paper focuses on two issues. First, to what extent do variable projections of climate generate uncertainty in agriculturally related economic impacts? Second, to what extent do agriculturally related economic impacts of greenhouse gas emissions depend on economic conditions at the time of impacts? Results indicate that uncertainty due to variable projections of climate is fairly large for most of the economic effects evaluated in this analysis. Results also indicate that economic conditions at the time of impact influence the direction and size of as well as the confidence in the economic effects of identical projections of greenhouse gas impacts. The economic variable that behaves most consistently in this analysis is world crop production. Increases in mean global temperature, for example, cause world crop production to decrease on average under both 1990 and improved economic conditions and in both instances the confidence with respect to variable projections of climate is medium (e.g., 67%) or greater. In addition and as expected, CO2 fertilization causes world crop production to increase on average under 1990 and improved economic conditions. These results suggest that crop production may be a fairly robust indicator of the potential impacts of greenhouse gas emissions. A somewhat unexpected finding is that improved economic conditions are not necessarily a panacea to potential greenhouse-gas-induced damages, particularly at the region level. In fact, in some regions, impacts of climate change or CO2 fertilization that are beneficial under current economic conditions may be detrimental under improved economic conditions (relative to the new economic base). Australia plus

  8. 78 FR 52496 - Meeting Notice of the National Agricultural Research, Extension, Education, and Economics...

    Science.gov (United States)

    2013-08-23

    ..., Education, and Economics Advisory Board AGENCY: Research, Education, and Economics, Office of the Secretary... Agricultural Research, Extension, Education, and Economics Advisory Board. DATES: The National Agricultural Research, Extension, Education, and [[Page 52497

  9. Economic consequences of population size, structure and growth.

    Science.gov (United States)

    Lee, R

    1983-01-01

    There seems to be 4 major approaches to conceptualizing and modeling demographic influences on economic and social welfare. These approaches are combined in various ways to construct richer and more comprehensive models. The basic approaches are: demographic influences on household or family behavior; population growth and reproducible capital; population size and fixed factors; and population and advantages of scale. These 4 models emphasize the supply side effects of population. A few of the ways in which these theories have been combined are sketched. Neoclassical growth models often have been combined with age distributed populations of individuals (or households), assumed to pursue optimal life cycle consumption and saving. In some well known development models, neoclassical growth models for the modern sector are linked by labor markets and migration to fixed factor (land) models of the traditional (agricultural) sector. A whole series of macro simulation models for developed and developing countries was based on single sector neoclassical growth models with age distributed populations. Yet, typically the household level foundations of assumed age distribution effects were not worked out. Simon's (1977) simulation models are in a class by themselves, for they are the only models that attempt to incorporate all the kinds of effects discussed. The economic demography of the individual and family cycle, as it is affected by regimes of fertility, mortality, and nuptiality, taken as given, are considered. The examination touches on many of the purported consequences of aggregate population growth and age composition, since so many of these are based implicitly or explicitly on assertions about micro level behavior. Demographic influences on saving and consumption, on general labor supply and female labor supply, and on problems of youth and old age dependency frequently fall in this category. Finally, attention is focused specifically on macro economic issues in

  10. Entrepreneurial Diversity and Economic Growth

    NARCIS (Netherlands)

    I. Verheul (Ingrid); A.J. van Stel (André)

    2007-01-01

    textabstractMost studies investigating the relationship between entrepreneurship and economic growth treat entrepreneurs as a homogeneous group. This study investigates the impact of entrepreneurial diversity on national economic growth. Using data for 36 countries participating in the Global

  11. The Contributions of Agricultural Growth to Poverty Reduction in ...

    African Journals Online (AJOL)

    This study investigates agricultural growth-poverty relationships at the national and household levels. A rural household model is used to measure the impact of agricultural growth (or decline) on consumption first and the effect of consumption changes on poverty using regression analyses. Two approaches are used here ...

  12. Precision Agriculture Technologies Positively Contributing to GHG Emissions Mitigation, Farm Productivity and Economics

    Directory of Open Access Journals (Sweden)

    Athanasios Balafoutis

    2017-07-01

    Full Text Available Agriculture is one of the economic sectors that affect climate change contributing to greenhouse gas emissions directly and indirectly. There is a trend of agricultural greenhouse gas emissions reduction, but any practice in this direction should not affect negatively farm productivity and economics because this would limit its implementation, due to the high global food and feed demand and the competitive environment in this sector. Precision agriculture practices using high-tech equipment has the ability to reduce agricultural inputs by site-specific applications, as it better target inputs to spatial and temporal needs of the fields, which can result in lower greenhouse gas emissions. Precision agriculture can also have a positive impact on farm productivity and economics, as it provides higher or equal yields with lower production cost than conventional practices. In this work, precision agriculture technologies that have the potential to mitigate greenhouse gas emissions are presented providing a short description of the technology and the impacts that have been reported in literature on greenhouse gases reduction and the associated impacts on farm productivity and economics. The technologies presented span all agricultural practices, including variable rate sowing/planting, fertilizing, spraying, weeding and irrigation.

  13. ECONOMETRIC EVALUATION OF THE RELATIONSHIP ECONOMIC GROWTH AND UNEMPLOYMENT IN EU & TURKEY

    Directory of Open Access Journals (Sweden)

    Erygit Pinar

    2014-07-01

    Full Text Available Unemployment, in Turkey as well as in the whole, world poses huge economic problems. When considering Turkey's economy with a continued growth but a sustainable growth trend that cannot be provided and cannot be avoided in unemployment. The concepts of unemployment and economic growth in the macro and micro level are the subject of many studies. Economists look for solutions to these problems that are faced by each country; unemployment, unemployment causes, economic growths are all concepts that are discussed. Turkey's population growth rate is high, investment and capital accumulation at the desired level cannot be performed, the quality of labor as a lack of economic and political instability, informal employment, the existence of inter-regional disparities, the lack of sufficient support in agriculture contribute to the many reasons such as unemployment, the foundation raised as an issue is caused to the end. One of the biggest problems faced by Turkey's economy has long been the problems of unemployment. Many policies have been identified and implemented to combat unemployment have been studied. High rates of growth to reduce unemployment are among the most important of these policies. The relationship between unemployment and growth for the first time was examined by Arthur M. Okun (1962. The main objective of this study with the participation of Croatia in 2013 with 28 member countries of the European Union and in Turkey for the period 2001-2011 is to examine and test the relationship between economic growth and unemployment is variable. Analysis Breitung (2000, ADF Fisher and Levin, Lin and Chu (2002 panel unit root tests, Westerlund (2007 panel cointegration tests are used. Breitung (2000, ADF Fisher and Levin, Lin and Chu (2002 tests taken by the series of first differences were stagnant. In addition, error correction model established between unemployment and economic growth Hausman tests were performed, and long-term parameters have

  14. Corporate Stability and Economic Growth

    OpenAIRE

    He, Kathy S.; Morck, Randall; Yeung, Bernard

    2003-01-01

    Greater instability in a country's list of top corporations is associated with faster economic growth. This faster growth is primarily due to faster growth in total factor productivity in industrialized countries, and faster capital accumulation in developing countries. These findings are consistent with the view that economic growth is more closely tied to the rise of new large firms than to the prosperity of established large firms. Although a stable list of leading corporations is highly c...

  15. How robust is the relationship between economic freedom and economic growth?

    NARCIS (Netherlands)

    Sturm, JE; De Haan, J

    Using various indicators for economic freedom, it is shown that increases in economic freedom are robustly related to economic growth. This conclusion holds even if the impact of outlying observations is taken into account. The level of economic freedom is not related to growth.

  16. Studies investigating economic, agricultural-economic and demographic factors influencing land use dynamics

    International Nuclear Information System (INIS)

    Mora, R.; San Juan, C.

    2009-01-01

    In this paper, we review studies investigating economic, agricultural-economic and demographic factors influencing land use dynamics, making special emphasis on the policy framework in the European Union. We find several conclusions, among which the following should be emphasized. First, this review highlights the existence of different methodologies to build up models to identify the effects of policy reforms affecting land use and desertification. Second, use of micro data to set up an econometric-process simulation model of land use has already been used with success. Third, in the geographical distribution of land use, prices drive all short and long-rung processes. Finally, logistic models have recently been used to study micro decisions at the agricultural sector to identify relative rents and land characteristics such as location and soil fertility as main determinants of land use patters. (Author) 8 refs.

  17. [Economic growth with zero population growth and with declining population].

    Science.gov (United States)

    Kurz, R

    1982-05-01

    The effects of both zero population growth and a declining population on economic growth are considered. Although the neoclassical theory of economic growth leads to optimistic results in such cases, the author suggests that this theory cannot be used as a basis for political action. The need for further research into the economic effects of a stationary or declining population is stressed. (summary in ENG)

  18. 77 FR 64794 - Cancellation of the National Agricultural Research, Extension, Education, and Economics Advisory...

    Science.gov (United States)

    2012-10-23

    ... Cancellation of the National Agricultural Research, Extension, Education, and Economics Advisory Board Meeting AGENCY: Research, Education, and Economics, USDA. ACTION: Notice of intent to cancel meeting. SUMMARY: The meeting of the National Agricultural Research, Extension, Education, and Economics Advisory Board...

  19. 78 FR 25691 - Meeting Notice of the National Agricultural Research, Extension, Education, and Economics...

    Science.gov (United States)

    2013-05-02

    ... Meeting Notice of the National Agricultural Research, Extension, Education, and Economics Advisory Board AGENCY: Research, Education, and Economics, USDA. ACTION: Notice of meeting. SUMMARY: In accordance with...) announces a meeting of the National Agricultural Research, Extension, Education, and Economics Advisory...

  20. Economic activity in agriculture in the perspective of embeddedness theory: The case of Poland

    Directory of Open Access Journals (Sweden)

    Dudek Michał

    2016-01-01

    Full Text Available The paper presents the concept of embeddedness of economic activity in relation to agriculture. In this perspective, economic activity can be considered dependent on cognitive structures, structures of social relations, culture, and political institutions. It has been concluded that the idea of embeddedness can be an interesting and useful analytical tool for the analysis of economic activity undertaken by farmers. The article presents an analysis of the state of the art, as well uses selected information and data on the methodology of panel surveys carried out by the Institute of Agricultural and Food Economics - National Research Institute. Based on the analysis of the embeddedness theory, it is argued that embeddedness is not a coherent theoretical concept but rather a potential framework for investigating various economic issues. One of these issues is agricultural activity. Embeddedness framework constitutes a scheme which could organize an alternative approach to economic actions to mainstream agriculture economics.

  1. 471 socio-economic factors influencing agricultural radio

    African Journals Online (AJOL)

    Osondu

    The study examined socio economic factors influencing agricultural radio programme FILIN. MAINOMA in ... statistics such as, Pearson Product Moment Correlation Coefficient (PPMC) and Chi-Square analysis. (χ. 2). .... of fish farmers association while one third. (22.22%) ... problems of language barrier and 6.00% of the.

  2. Agricultural Abandonment, Suburban Growth, and Forest Expansion in Puerto Rico between 1991 and 2000

    Directory of Open Access Journals (Sweden)

    Isabel K. Parés-Ramos

    2008-12-01

    Full Text Available The response of local economies to the globalization process can have a large effect on population and land-use dynamics. In countries with a high population density and relatively high levels of education, the globalization process has resulted in a shift in the local economy from agriculture to manufacturing, technology, and service sectors. This shift in the economy has impacted land-use dynamics by decreasing agricultural lands, increasing urban growth, and in some cases, increasing forest cover. This process of economic and forest transition has been well documented in Puerto Rico for the period 1950 to 1990, but some authors predicted that poor planning and continued urban growth would eliminate the gains in forest cover. To investigate the impacts of recent economic changes, we evaluated demographic and land-use changes for 880 "barrios" (i.e., neighborhoods, the smallest administrative unit, in Puerto Rico using government census data from 1990 and 2000 and land-cover classifications from 1991 and 2000. During this period, the population increased by 284 127 people (8.2%. Most of the growth was in the suburban barrios, whereas urban barrios lost population. This shift was reflected by the construction of more than 100 000 housing units in suburban barrios. Although urban sprawl is perceived as the major land-cover change, urban cover only increased from 10% to 11% between 1990 and 2000, whereas the increase in forest cover was much greater (28% to 40%. Grasslands and shrublands were the major sources of new urban and forest areas in 2000. Although these results are encouraging in terms of increasing forest cover, most of the new development has been concentrated in the coastal plains, which are the location of most of the remaining agricultural areas, a few protected areas, and threatened ecosystems (e.g., mangroves.

  3. Technical Education and Economic Growth

    Indian Academy of Sciences (India)

    First page Back Continue Last page Graphics. Technical Education and Economic Growth. Technical Education and Economic Growth. Review of the Present Status. Expanding no.s and impairment of quality; Faculty shortage; Grim situation at Masters and PhD levels; Regional imbalance; Absence of International flavour ...

  4. Values of Land and Renewable Resources in a Three-Sector Economic Growth Model

    Directory of Open Access Journals (Sweden)

    Zhang Wei-Bin

    2015-04-01

    Full Text Available This paper studies dynamic interdependence of capital, land and resource values in a three sector growth model with endogenous wealth and renewable resources. The model is based on the neoclassical growth theory, Ricardian theory and growth theory with renewable resources. The household’s decision is modeled with an alternative approach proposed by Zhang two decades ago. The economic system consists of the households, industrial, agricultural, and resource sectors. The model describes a dynamic interdependence between wealth accumulation, resource change, and division of labor under perfect competition. We simulate the model to demonstrate the existence of a unique stable equilibrium point and plot the motion of the dynamic system. The study conducts comparative dynamic analysis with regard to changes in the propensity to consume resources, the propensity to consume housing, the propensity to consume agricultural goods, the propensity to consume industrial goods, the propensity to save, the population, and the output elasticity of capital of the resource sector.

  5. Armenia's Economic Growth Sustainability

    OpenAIRE

    Hayakawa, Tatsuji

    2015-01-01

    Armenia enjoyed 15 years of uninterrupted high economic growth prior to the global financial crisis in 2009. Investment, particularly in the mining and metallurgy sectors, played a key role as a driver of economic growth. Remittances,mostly from Russia, had an effect in sustaining consumption and boosting construction. Armenia has shown some weaknesses in the external sector, due to demands for natural gas, mineral products, machinery, and equipment. Armenia's exports and FDI suffer from the ...

  6. Innovation, resources and economic growth

    International Nuclear Information System (INIS)

    Curzio, A.Q.; Fortis, M.; Zoboli, R.

    1994-01-01

    The book is concerned with the following items: 1. Technological Creativity and Institutions, 2. Innovation at Work in an Historical-Economic Perspective: Energy and Industrial Materials, 3. Scientific Revolutions and Strategies of Economic Supremacy: Advanced Materials and Biotechnologies, 4. Economic Growth and Agro-Food Policies in Key Problem Regions: Former USSR and LDCs, 5. Economic Growth and Natural Resources at Risk: Climate Change, Forests and Water and in Conclusion: Innovation and Resources in a Global Policy Perspective. Only one chapter have regard to energy problems: Energie efficient technologies: past and future perspectives. (UA)

  7. ECONOMIC GROWTH – COSTS AND DEVELOPMENT DISCREPANCES

    OpenAIRE

    Ion Bucur

    2007-01-01

    The economic growth shows an ascending tendency of the economic evolution over a long period of time, having favorable social and economic effects. Each economic growth factor acts simultaneous trough three dimensions.

  8. A REGIONAL APPROACH TO THE METROPOLITAN ECONOMIC GROWTH: EVIDENCE FROM THE EUROPEAN UNION

    Directory of Open Access Journals (Sweden)

    Florin Teodor Boldeanu

    2016-09-01

    Full Text Available The main goal of this study is to contribute to metropolitan economic growth literature by carrying out an analysis for 271 areas located in the EU between 2000 and 2013. For this objective the study uses several panel data estimation techniques, namely the GMM, System GMM and the QML estimation. To check the robustness of the results, the time period is divided in two (post and ante economic crisis and by splitting the sample of metropolitan regions in two components, the Western more developed regions and the Central and South-Eastern (the formal communist states, except for Cyprus areas. The results indicate that the industrial, construction and wholesale and retail trade sectors are positively linked with metropolitan growth. The agricultural, fishery and forestry sector is negatively influencing growth. The manufacturing and ITC sectors and migration are not statistically significant. Furthermore population density and size is more important than population growth and European enlargement did not have a substantial positive impact on metropolitan growth for the Central and South-Eastern regions.

  9. Human Development and Economic Growth

    OpenAIRE

    Ranis, Gustav

    2004-01-01

    Recent literature has contrasted Human Development, described as the ultimate goal of the development process, with economic growth, described as an imperfect proxy for more general welfare, or as a means toward enhanced human development. This debate has broadened the definitions and goals of development but still needs to define the important interrelations between human development (HD) and economic growth (EG). To the extent that greater freedom and capabilities improve economic performan...

  10. The Effect of No Agricultural Productivity Growth on Future Land Use and Climate through Biogeophysical Mechanisms

    Science.gov (United States)

    Davies-Barnard, T.; Valdes, P. J.; Singarayer, J. S.; Jones, C.

    2012-12-01

    Future land use and the consequent land cover change will have a significant impact on future climate through biogeophysical (albedo, surface roughness and latent heat transfer, etc.) as well as biogeochemical (greenhouse gas emissions etc.) mechanisms. One of the major determinants of the extent of land use induced land cover change is the agricultural productivity growth within the socio-economic models used for developing the RCP scenarios. There are considerable uncertainties in the size of agricultural productivity under climate change, as yields are projected to vary spatially in signal and strength. Previous climate modeling work has considered the impacts to the carbon cycle of different levels of agricultural productivity growth, but has failed to consider the biogeophysical effects of the land use induced land cover change on climate. Here we examine the climate impacts of the assumption of agricultural productivity growth and business as usual land use. The effects are considered through the biogeophysical land use induced land cover change, using the Hadley Centre climate model HadGEM2. The model simulations use the set biogeochemical climate forcing of the RCP 4.5 scenario, but the biogeophysical land use change specification is altered over a 100 year simulation. Simulations are run with combinations of no land use change; standard RCP 4.5 land use change; business as usual land use change; and zero agricultural productivity growth. The key effect of no agricultural productivity growth is that more cropland is required to feed the same population, necessitating cropland expansion. The expansion of cropland and consequent deforestation increases the albedo and gives an extensive cooling effect in the northern hemisphere (up to 2°C). Differences in global mean temperature between the zero agricultural productivity growth with business as usual land use change specified run and the standard RCP 4.5 run are -0.2°C by 2040 and -0.7°C by 2100. There is

  11. Agglomeration Economies, Economic Growth and the New Economic Geography in Mexico

    OpenAIRE

    Alejandro Diaz-Bautista

    2005-01-01

    The present study of regional economic growth in Mexico is based on the new economic geography, where distance plays an important role in explaining urban regional economic growth. The results show that distance to the northern border of Mexico and labor migration between states of Mexico, after the passage of NAFTA are important factors that explain the regional state growth and agglomerations in Mexico between 1994 and 2000. The results also indicate that job growth and FDI are not signific...

  12. Factor-structure of economic growth in E-commerce

    Institute of Scientific and Technical Information of China (English)

    吴隽; 刘洪久; 栾天行

    2003-01-01

    In order to analyze the factors having effect on economic growth of E-commerce, the economic growthprocess of E-commerce is divided into three stages; growth stage, stabilization stage and re-growth stage. Thesethree different stages are analysed using several economic growth theories, a set of factor-structure is proposedfor each stage of the economic growth process of E-commerce.

  13. Relationship Between Education Expenditure And Economic Growth ...

    African Journals Online (AJOL)

    The empirical part of the result shows that there is unidirectional relationship between education and economic growth with causality running from education expenditure to economic growth. The result therefore suggests that policy makers should boost expenditure on education as it will further improve economic growth in ...

  14. An Empirical Study on Rural Economic Growth in Hubei Province Based on New C-D Production Function

    Institute of Scientific and Technical Information of China (English)

    Yi; WEN; Minghong; CAO

    2016-01-01

    Human capital is becoming a major driving force of promoting economic growth and social development. Hubei Province as a large agricultural province is significantly affected by the human capital. The paper selects the correlation data about rural economic growth in Hubei Province as samples to analyze the contribution of physical capital and human capital to rural economic growth by the new C-D function and SPSS22. 0. The results show that the effect of the elasticity of human capital is greater than that of physical capital in rural economic development; the high quality rural human capital storage and the average years of schooling of rural labor force will increase the net income of rural household. Therefore,we should not only increase input of physical capital but also increase the input of human capital to raise the level of human capital in rural areas and promote sustainable development of rural economy.

  15. CORRELATION BETWEEN ECONOMIC GROWTH AND UNEMPLOYMENT

    Directory of Open Access Journals (Sweden)

    Savu Mihaela

    2013-06-01

    Full Text Available The mankind progress is built on economic growth.Yet, the high rates of economic growth must be properly used and correlated with other macroeconomic indicators in order to get the aimed effects.At the Romanian economic level, there is an inverse ratio connection between the gross domestic product and the unemployed number, a connection of low intensity.The correlation of these two indicators was established using parametric and nonparametric methods of analyzing the statistic connection using the informatic soft. Setting the recession function allows us to calculate the unemployed number depending on the forecasting of the economic growth in Romania.

  16. FISCAL EFFECTIVENESS UNDER REGIONAL ECONOMIC INTEGRATION: INDONESIAN AGRICULTURAL PERFORMANCE CASE

    Directory of Open Access Journals (Sweden)

    Nasrudin Nasrudin

    2013-04-01

    Full Text Available AbstractThis paper investigates the effectiveness of fiscal policy in boosting agricultural sector performance and seeks the most effective policy in the presence of regional economic integration. It predicts the effectiveness of fiscal policy on the agricultural sector performance in four periods; the new order regime, the economic crisis, and pre and post China Free Trade Area (CAFTA. It also predicts the impact of fiscal policy on agricultural sector performance when CAFTA is fully implemented. It finds that fiscal policy is more effective in the optimum allocation of expenditures. It also finds that the agricultural sector can grow faster when the portion of capital expenditure increases.Keywords: Fiscal effectiveness, economic integration, agricultureJEL Classification Numbers: E62, F15, Q17AbstrakMakalah ini menyelidiki efektivitas kebijakan fiskal dalam mendorong kinerja sektor pertanian dan mencari kebijakan yang paling efektif dengan adanya integrasi ekonomi regional. Makalah ini memprediksi efektivitas kebijakan fiskal dalam meningkatkan kinerja sektor pertanian dalam empat periode; rezim orde baru, krisis ekonomi, sebelum pelaksanaan China Free Trade Area (CAFTA, dan setelah pelaksanaan CAFTA. Makalah ini juga memprediksi dampak kebijakan fiskal terhadap kinerja sektor pertanian saat CAFTA sepenuhnya dilaksanakan. Hasil analisis menemukan bahwa kebijakan fiskal lebih efektif dalam alokasi optimal dari pengeluaran. Analisis juga menemukan bahwa sektor pertanian dapat tumbuh lebih cepat ketika porsi peningkatan belanja modal meningkat.Keywords: Efektivitas fiskal, integrasi ekonomi, pertanianJEL Classification Numbers: E62, F15, Q17

  17. REMITTANCES AND ECONOMIC GROWTH IN TURKEY

    Directory of Open Access Journals (Sweden)

    Huseyin KARAMELIKLI

    2015-07-01

    Full Text Available Savings are one of the important determinants beyond the theories of economic growth. Therefore remittances and foreign direct investment inflows have importance for the countries having insufficient savings. This study examines the relationship between economic growth, remittances, foreign direct investment inflows and gross domestic savings in Turkey during the period 1974-2013 by using Autoregressive Distributed Lag approach. We found that remittances, foreign direct investment and gross domestic savings had positive impact on economic growth.

  18. Rethinking Economics and Education: Exponential Growth and Post-Growth Strategies

    Science.gov (United States)

    Irwin, Ruth

    2017-01-01

    Education is increasingly vocational and structured to serve the ongoing exponential increase in economic growth. Climate change is an outcome of these same economic values and praxes. Attempts to shift these values and our approach to technology are continually absorbed and overcome by the pressing motif of economic growth. In this article, Ruth…

  19. Structural modelling of economic growth: Technological changes

    Directory of Open Access Journals (Sweden)

    Sukharev Oleg

    2016-01-01

    Full Text Available Neoclassical and Keynesian theories of economic growth assume the use of Cobb-Douglas modified functions and other aggregate econometric approaches to growth dynamics modelling. In that case explanations of economic growth are based on the logic of the used mathematical ratios often including the ideas about aggregated values change and factors change a priori. The idea of assessment of factor productivity is the fundamental one among modern theories of economic growth. Nevertheless, structural parameters of economic system, institutions and technological changes are practically not considered within known approaches, though the latter is reflected in the changing parameters of production function. At the same time, on the one hand, the ratio of structural elements determines the future value of the total productivity of the factors and, on the other hand, strongly influences the rate of economic growth and its mode of innovative dynamics. To put structural parameters of economic system into growth models with the possibility of assessment of such modes under conditions of interaction of new and old combinations is an essential step in the development of the theory of economic growth/development. It allows forming stimulation policy of economic growth proceeding from the structural ratios and relations recognized for this economic system. It is most convenient in such models to use logistic functions demonstrating the resource change for old and new combination within the economic system. The result of economy development depends on starting conditions, and on institutional parameters of velocity change of resource borrowing in favour of a new combination and creation of its own resource. Model registration of the resource is carried out through the idea of investments into new and old combinations.

  20. Is Urban Economic Growth Inclusive in India?

    OpenAIRE

    Tripathi, Sabyasachi

    2013-01-01

    This paper measures the overall inclusive growth of a city by considering changing trends in the key economic variables based on ‘Borda ranking’ and establishes a relationship between city economic growth and overall city inclusive growth. By using data of 52 large cities in India, this paper finds that higher urban economic growth is associated with an increase in urban inequality, a reduction in urban poverty, and a lower level of overall inclusive growth of a city.

  1. Global economic-biophysical assessment of midterm scenarios for agricultural markets—biofuel policies, dietary patterns, cropland expansion, and productivity growth

    Science.gov (United States)

    Delzeit, Ruth; Klepper, Gernot; Zabel, Florian; Mauser, Wolfram

    2018-02-01

    Land-use decisions are made at the local level. They are influenced both by local factors and by global drivers and trends. These will most likely change over time e.g. due to political shocks, market developments or climate change. Hence, their influence should be taken into account when analysing and projecting local land-use decisions. We provide a set of mid-term scenarios of global drivers (until 2030) for use in regional and local studies on agriculture and land-use. In a participatory process, four important drivers are identified by experts from globally distributed regional studies: biofuel policies, increase in preferences for meat and dairy products in Asia, cropland expansion into uncultivated areas, and changes in agricultural productivity growth. Their impact on possible future developments of global and regional agricultural markets are analysed with a modelling framework consisting of a global computable general equilibrium model and a crop growth model. The business as usual (BAU) scenario causes production and prices of crops to rise over time. It also leads to a conversion of pasture land to cropland. Under different scenarios, global price changes range between -42 and +4% in 2030 compared to the BAU. An abolishment of biofuel targets does not significantly improve food security while an increased agricultural productivity and cropland expansion have a stronger impact on changes in food production and prices.

  2. Corruption and economic growth with non constant labor force growth

    Science.gov (United States)

    Brianzoni, Serena; Campisi, Giovanni; Russo, Alberto

    2018-05-01

    Based on Brianzoni et al. [1] in the present work we propose an economic model regarding the relationship between corruption in public procurement and economic growth. We extend the benchmark model by introducing endogenous labor force growth, described by the logistic equation. The results of previous studies, as Del Monte and Papagni [2] and Mauro [3], show that countries are stuck in one of the two equilibria (high corruption and low economic growth or low corruption and high economic growth). Brianzoni et al. [1] prove the existence of a further steady state characterized by intermediate levels of capital per capita and corruption. Our aim is to investigate the effects of the endogenous growth around such equilibrium. Moreover, due to the high number of parameters of the model, specific attention is given to the numerical simulations which highlight new policy measures that can be adopted by the government to fight corruption.

  3. Coal consumption and economic growth in Taiwan

    International Nuclear Information System (INIS)

    Yang, H.Y.

    2000-01-01

    The purpose of this paper is to examine the causality issue between coal consumption and economic growth for Taiwan. The co-integration and Granger's causality test are applied to investigate the relationship between the two economic series. Results of the co-integration and Granger's causality test based on 1954--1997 Taiwan data show a unidirectional causality from economic growth to coal consumption with no feedback effects. Their major finding supports the neutrality hypothesis of coal consumption with respect to economic growth. Further, the finding has practical policy implications for decision makers in the area of macroeconomic planning, as coal conservation is a feasible policy with no damaging repercussions on economic growth

  4. Agriculture and greenhouse effect: economic regulation of cross impacts and combination of agricultural and environmental policies - analysis for the France and extension to the european union. Economic analysis of the interactions agriculture- greenhouse effect

    International Nuclear Information System (INIS)

    Jayet, P.A.

    2002-09-01

    The objectives of the research program are: the impacts evaluation of a double relation climate - agriculture on the agricultural production and the greenhouse gases emission; the compatibility of agricultural policies and environmental policies of the sector. Simulations are realized at a regional scale with a coupling of economical and biophysical models (manure spreading, cultivation yield). (A.L.B.)

  5. GROWTH ECONOMICS AND DEVELOPMENT ECONOMICS: WHAT SHOULD DEVELOPMENT ECONOMISTS LEARN (IF ANYTHING) FROM THE NEW GROWTH THEORY?

    OpenAIRE

    Ruttan, Vernon W.

    1998-01-01

    Since their emergence as a distinct fields of inquiry in the early post World War II period there has been an uneasy relationship between growth economics and development economics. The emergence of a richer new growth economics' has opened up the possibilities of a more fruitful dialogue between the two subdisciplines. In spite of recent advances, particularly with respect to the human capital, and understanding of differences in growth rates and income levels across countries remains elusiv...

  6. REFERENCE MODELS OF ENDOGENOUS ECONOMIC GROWTH

    OpenAIRE

    GEAMĂNU MARINELA

    2012-01-01

    The new endogenous growth theories are a very important research area for shaping the most effective policies and long term sustainable development strategies. Endogenous growth theory has emerged as a reaction to the imperfections of neoclassical theory, by the fact that the economic growth is the endogenous product of an economical system.

  7. Using Satellite Data for Environmental Impact Analysis in Economic Growth: the Case of Mongolia

    Science.gov (United States)

    Tungalag, A.; Tsolmon, R.; Ochirkhuyag, L.; Oyunjargal, J.

    2016-06-01

    The Mongolian economy is based on the primary and secondary economic sectors of agriculture and industry. In addition, minerals and mining become a key sector of its economy. The main mining resources are gold, copper, coal, fluorspar and steel. However, the environment and green economy is one of the big problems among most of the countries and especially for countries like Mongolia where the mining is major part of economy; it is a number one problem. The research of the work tested how environmental elements effect to current Mongolian economic growth, which is growing economy because of mining sector. The study of economic growth but the starting point for any study of economic growth is the neoclassical growth model emphasizing the role of capital accumulation. The growth is analysed either in terms of models with exogenous saving rates (the Solow-Swan model), or models where consumption and hence savings are determined by optimizing individuals. These are the so-called optimal growth or Ramsey-Cass-Koopmans. The study extends the Solow model and the Ramsey-Cass-Koopmans model, including environmental elements which are satellite data determine to degraded land and vegetation value from 1995 to 2013. In contrast, we can see the degraded land area increases from 1995 (4856 m2) to 2013 (10478 m2) and vegetation value decrease at same time. A description of the methodology of the study conducted follows together with the data collected and econometric estimations and calibration with environmental elements.

  8. Infrastructure mitigates the sensitivity of child growth to local agriculture and rainfall in Nepal and Uganda.

    Science.gov (United States)

    Shively, Gerald E

    2017-01-31

    This paper investigates linear growth and weight gain among 11,946 children below the age of 5 y in Nepal and Uganda, testing the hypothesis that child growth is sensitive to precipitation during key periods in a child's early life. The paper also tests the importance of the economic and physical environments in which children reside. Outcomes are not completely explained by agricultural performance or the observed characteristics of children or their households. Associations between height-for-age z-score (HAZ) and weight-for-height z-score (WHZ) and rainfall are generally positive, but patterns are heterogeneous. At the mean, an increase of 1 SD in agricultural season rainfall is associated with a 0.05- to 0.25-point higher z-score, which translates into increases of roughly 4-13% for HAZ and 1-7% for WHZ. Nutrition sensitivity to rainfall is greater in Nepal, where rainfall is lower on average and wider ranging, than in Uganda. Health and transport infrastructure help to buffer children from the deleterious nutritional effects of precipitation shortfalls, underscoring the role of broadly based economic development in promoting child nutrition.

  9. The economic growth of oil countries

    International Nuclear Information System (INIS)

    Arbod, G.

    2007-02-01

    The literature tries to apprehend the weakness of the economic growth of oil culminates by the assumption of ousted growth factors. In the Dutch Disease models the non-oil exporting sector would be ousted whereas in the analyses in terms of economic policies it would be the efficient economic policies. We consider the phenomenon through the growth theories, the oil income being regarded as an additional exogenous income for the economy. In this manner the growth dynamic of oil countries, even the most unfavourable, can be modelled without utilizing any concept of economic inefficiency. The last part of our work is devoted to the Saudi economy. After having developed a macro-econometric model, and using scenarios of oil prices, we lead a forecasted analysis of this economy. (author)

  10. Climate Change Effects on Agriculture: Economic Responses to Biophysical Shocks

    Science.gov (United States)

    Nelson, Gerald C.; Valin, Hugo; Sands, Ronald D.; Havlik, Petr; Ahammad, Helal; Deryng, Delphine; Elliott, Joshua; Fujimori, Shinichiro; Hasegawa, Tomoko; Heyhoe, Edwina

    2014-01-01

    Agricultural production is sensitive to weather and thus directly affected by climate change. Plausible estimates of these climate change impacts require combined use of climate, crop, and economic models. Results from previous studies vary substantially due to differences in models, scenarios, and data. This paper is part of a collective effort to systematically integrate these three types of models. We focus on the economic component of the assessment, investigating how nine global economic models of agriculture represent endogenous responses to seven standardized climate change scenarios produced by two climate and five crop models. These responses include adjustments in yields, area, consumption, and international trade. We apply biophysical shocks derived from the Intergovernmental Panel on Climate Change's representative concentration pathway with end-of-century radiative forcing of 8.5 W/m(sup 2). The mean biophysical yield effect with no incremental CO2 fertilization is a 17% reduction globally by 2050 relative to a scenario with unchanging climate. Endogenous economic responses reduce yield loss to 11%, increase area of major crops by 11%, and reduce consumption by 3%. Agricultural production, cropland area, trade, and prices show the greatest degree of variability in response to climate change, and consumption the lowest. The sources of these differences include model structure and specification; in particular, model assumptions about ease of land use conversion, intensification, and trade. This study identifies where models disagree on the relative responses to climate shocks and highlights research activities needed to improve the representation of agricultural adaptation responses to climate change.

  11. Water security, risk, and economic growth: Insights from a dynamical systems model

    Science.gov (United States)

    Dadson, Simon; Hall, Jim W.; Garrick, Dustin; Sadoff, Claudia; Grey, David; Whittington, Dale

    2017-08-01

    Investments in the physical infrastructure, human capital, and institutions needed for water resources management have been noteworthy in the development of most civilizations. These investments affect the economy in two distinct ways: (i) by improving the factor productivity of water in multiple economic sectors, especially those that are water intensive such as agriculture and energy and (ii) by reducing acute and chronic harmful effects of water-related hazards like floods, droughts, and water-related diseases. The need for capital investment to mitigate risks and promote economic growth is widely acknowledged, but prior conceptual work on the relationship between water-related investments and economic growth has focused on the productive and harmful roles of water in the economy independently. Here the two influences are combined using a simple, dynamical systems model of water-related investment, risk, and growth. In cases where initial water security is low, initial investment in water-related assets enables growth. Without such investment, losses due to water-related hazards exert a drag on economic growth and may create a poverty trap. The presence and location of the poverty trap is context-specific and depends on the exposure of productive water-related assets to water-related risk. Exogenous changes in water-related risk can potentially push an economy away from a growth path toward a poverty trap. Our investigation shows that an inverted-U-shaped investment relation between the level of investment in water security and the current level of water security leads to faster rates of growth than the alternatives that we consider here, and that this relation is responsible for the "S"-curve that is posited in the literature. These results illustrate the importance of accounting for environmental and health risks in economic models and offer insights for the design of robust policies for investment in water-related productive assets to manage risk, in the face

  12. Effects of Credit on Economic Growth, Unemployment and Poverty

    Directory of Open Access Journals (Sweden)

    Mangasa Augustinus Sipahutar

    2016-06-01

                  Effect of credit on economic growth, unemployment and poverty provides evidence from Indonesia on the role of banks credit for promoting economic growth and reducing both unemployment and poverty.  To document the link between banks credit and economic growth, we estimate a VAR model and variance decompositions of annual GDP per capita growth rates to examine what proxy measures of banks credit are most important in accounting for economic growth over time and how much they contribute to explaining economic growth.  We also estimate an ECM to document the relationship between banks credit to both unemployment and poverty.  This paper revealed bi-direction causality between banks credit and economic growth.  Banks credit promotes economic growth and economic growth affects credit depth and financial development.  Furthermore, banks credit is a growth accelerating factor on Indonesian economic growth.  Banks credit is an endogenous growth and a good predictor on Indonesian economy. Our estimation model explained that credit allocated by banks increases business escalation to the real sectors then promotes economic growth, decreases unemployment rate through increasing in labor demanded, increases income and then decrease poverty.  This overall transmission mechanism just occurred through presence of banks credit by increasing money supply to the real sectors, promotes growth and social welfare.   Keywords :  banks credit, economic growth, growth accelerating factor, poverty, unemployment   JEL Classification : E51, E52, E58

  13. 76 FR 13124 - Notice of the National Agricultural Research, Extension, Education, and Economics Advisory Board...

    Science.gov (United States)

    2011-03-10

    ... Notice of the National Agricultural Research, Extension, Education, and Economics Advisory Board Meeting AGENCY: Research, Education, and Economics, USDA. ACTION: Notice of meeting. SUMMARY: In accordance with...) announces a meeting of the National Agricultural Research, Extension, Education, and Economics Advisory...

  14. 75 FR 12171 - Notice of the National Agricultural Research, Extension, Education, and Economics Advisory Board...

    Science.gov (United States)

    2010-03-15

    ... Notice of the National Agricultural Research, Extension, Education, and Economics Advisory Board Meeting AGENCY: Research, Education, and Economics, USDA. ACTION: Notice of meeting. SUMMARY: In accordance with... announces a meeting of the National Agricultural Research, Extension, Education, and Economics Advisory...

  15. 75 FR 61692 - Notice of the National Agricultural Research, Extension, Education, and Economics Advisory Board...

    Science.gov (United States)

    2010-10-06

    ... Notice of the National Agricultural Research, Extension, Education, and Economics Advisory Board Meeting AGENCY: Research, Education, and Economics, USDA. ACTION: Notice of meeting. SUMMARY: In accordance with...) announces a meeting of the National Agricultural Research, Extension, Education, and Economics Advisory...

  16. Does FDI influence economic growth in Albania?

    Directory of Open Access Journals (Sweden)

    Aurel Koroci

    2018-03-01

    Full Text Available Foreign direct investment (FDI has been viewed as a power affecting economic growth (EG directly and indirectly during the past few decades. Foreign direct investment (FDI in developing countries brings economic development and enhances the international competitiveness of domestic enterprises. It is argued in the existing literature that foreign direct investment (FDI influences economic growth through technology diffusion, human capital formation, etc. FDI accounts for the largest and most important proportion of foreign capital in Albania, which undoubtedly plays an important role in the Albania’s economic development growth. However, as the country’s FDI increases, and in this paper I want to make an empirical research how the FDI has influenced the economic growth of the country. The findings revealed that there is a strong positive relationship between the FDI inflows and the GDP for the studied period which covers 1995 to 2012, thus a positive effect on the economic growth.

  17. Development of radiation utilization for economic growth in China

    International Nuclear Information System (INIS)

    Lu Yanxiao

    1994-01-01

    The program of radiation utilization in China was initiated with the development of nuclear industry in the late 1950s. From then on, the establishment of relatively comprehensive nuclear industrial system and a fair number of talent technical personnel have laid the foundation for radiation utilization in industry, agriculture, medicine and so on. Radioisotopes and radiation become one of the most effective means for acquiring data and information and changing material properties in modern techniques. They are, in many respects, unique and cannot replaced by other techniques. In recent years the considerable progress in the development, commercialization and large-scale utilization of radioisotopes and radiation has been creating economic and social benefits for Chinese modernization. The applications in agriculture have mainly embodied in mutation breeding of crops and so on through radiation or in combination with other methods to provide excellent mutant varieties. The important applications in medicine are the medical diagnosis with radioimmunoassay (RIA) and radiopharmaceutical imaging, and cancer therapy with radioisotopes and electron beam. Well-established methods have bee offered for routine clinic applications to help to heal the patients and rescue the lives. The industrial applications are of key importance in economic growth in China. In fact, radiation processing and nucleonic control systems (NCS) for industrial utilization are very useful to technological transformation of Chinese traditional industries. The radiation utilization in industries can be emerging as new high-tech industries. A fuller exploitation of radiation utilization is expected to meet the requirements of high growth of national economy and to bridge the gap between China and the developed countries in the world in nuclear application. (author)

  18. Development of radiation utilization for economic growth in China

    Energy Technology Data Exchange (ETDEWEB)

    Yanxiao, Lu [China Nuclear Information Center, Beijing, BJ (China)

    1994-01-01

    The program of radiation utilization in China was initiated with the development of nuclear industry in the late 1950s. From then on, the establishment of relatively comprehensive nuclear industrial system and a fair number of talent technical personnel have laid the foundation for radiation utilization in industry, agriculture, medicine and so on. Radioisotopes and radiation become one of the most effective means for acquiring data and information and changing material properties in modern techniques. They are, in many respects, unique and cannot replaced by other techniques. In recent years the considerable progress in the development, commercialization and large-scale utilization of radioisotopes and radiation has been creating economic and social benefits for Chinese modernization. The applications in agriculture have mainly embodied in mutation breeding of crops and so on through radiation or in combination with other methods to provide excellent mutant varieties. The important applications in medicine are the medical diagnosis with radioimmunoassay (RIA) and radiopharmaceutical imaging, and cancer therapy with radioisotopes and electron beam. Well-established methods have bee offered for routine clinic applications to help to heal the patients and rescue the lives. The industrial applications are of key importance in economic growth in China. In fact, radiation processing and nucleonic control systems (NCS) for industrial utilization are very useful to technological transformation of Chinese traditional industries. The radiation utilization in industries can be emerging as new high-tech industries. A fuller exploitation of radiation utilization is expected to meet the requirements of high growth of national economy and to bridge the gap between China and the developed countries in the world in nuclear application. (author).

  19. Socio-economic issues of promotion and labour motivation in agricultural organizations

    Directory of Open Access Journals (Sweden)

    Vladimir Nikiforovich Belkin

    2011-12-01

    Full Text Available This paper discusses the typical labour stimulation system in Russian agricultural enterprises, based on the tariff-salary system. It is shown that this scheme inevitably leads to equal wage distribution between all workers except piece-workers: this causes demotivation of time-worker, professionals and managers. Internal economic mechanism built on the basis of tariff-salary system does not correspond to market conditions. To solve the urgent problems of labour stimulation in the Russian agricultural companies in terms of market, a labour evaluation and payment system called «Rost» is suggested. It is already implemented in a number of agricultural enterprises of Perm and Chelyabinsk regions, showing high economic and social efficiency.

  20. Economic growth and gender equality | IDRC - International ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    And conversely, does gender equality impact economic growth? ... change and growth in the economy on women's employment opportunities and the type ... sectors and their overall effect on development outcomes, such as economic growth ...

  1. Economic openness and economic growth: A cointegration analysis for ASEAN-5 countries

    Directory of Open Access Journals (Sweden)

    Klimis Vogiatzoglou

    2016-11-01

    Full Text Available The paper considers three channels of economic openness, namely FDI, imports, and exports, and examines their short-run and long-run effects on the economic growth in the five founding member countries of the Association of Southeast Asian Nations (ASEAN over the period from 1980 to 2014. Besides the impact on the economic growth, the authors analyze all possible causal interrelationships to discern patterns and directions of causality among FDI, imports, exports, and GDP. The quantitative analysis, which is based on the vector error correction co-integration framework, is conducted separately for each country in order to assess their individual experiences and allow for a comparative view. Although the precise details differ across countries, the findings indicate that there is a long-run equilibrium relationship between economic openness and GDP in all ASEAN-5 economies. FDI, imports and exports have a significantly positive short-run and long-run impact on the economic growth. Our results also show that export-led growth is the most important economic growth factor in most countries, followed by FDI-led growth. Another crucial finding is the bi-directional causality between exports and FDI across the ASEAN-5 countries. This indicates the presence of direct and indirect effects on GDP and a self-reinforcing process of causality between those two variables, which strengthens their impact on the economic growth.

  2. THE IMPACT OF FOREIGN DIRECT INVESTMENT (FDI ON AGRICULTURAL GROWTH IN NIGERIA (1979-2014

    Directory of Open Access Journals (Sweden)

    Zechariahs Benapugha OWUTUAMOR

    2018-03-01

    Full Text Available This study examining the impact of foreign direct investment (FDI and other macroeconomic variables on agricultural growth in Nigeria from 1981 to 2014, using annual time series data from Central Bank of Nigeria (CBN, World Bank and the United States of America (US Federal Reserve System. Data was analysed using trend analyses, unit root tests, co-integration tests, ordinary least squares (OLS regression and Granger causality tests, while the hypothesis was tested with F-test. Results revealed very low FDI inflow into agriculture, not commensurate with the share of agriculture to GDP. All significance were taken at the 5% probability level, i.e. p<0.05. There was positive non-significant relationship between agricultural growth and FDI in agriculture, meaning that FDI in agriculture has no direct impact on agricultural growth or the impact on agricultural growth is masked by other macroeconomic variables. Significant positive relationship exists between agricultural growth and macroeconomic instability, while interest rate differential had a significant negative relationship. There was unidirectional causality running from FDI in agriculture, stock of gross external debts, and variability of consumers’ price index to agricultural growth, while agricultural growth was significant in granger causing macroeconomic instability. Recommendations are government should not involve itself in business, but seek for and encourage more FDI for the agricultural sector, encourage joint ventures between foreign and domestic investors/entrepreneurs, ensure stability and consistency in its macroeconomic policies, while monetary policy rates should be fixed in such a way that it would attract the right amount of investments in agriculture.

  3. On the relationship between economic freedom and economic growth

    NARCIS (Netherlands)

    Haan, Jakob de; Sturm, Jan-Egbert

    1999-01-01

    Often it is maintained that economic freedom may further high levels of economic growth. This paper compares various indicators for economic freedom. It is concluded that although these measures differ somewhat in their coverage, they show similar rankings for the countries covered. Some elements in

  4. ECONOMIC GROWTH - AN ILLUSION? STUDY CASE:ROMANIA

    Directory of Open Access Journals (Sweden)

    Camelia MORARU

    2013-12-01

    Full Text Available Literature has devoted considerable attention to economic growth because it creates the premises for achieving major goals such as route out of poverty of underdeveloped countries or contribute to raising the standard of living in developed countries. Economic growth has become an “order of the day” term, propagated by various "players" of economic and social life, in this way gaining various interpretations and meanings. This paper presents the results of the measures adopatate in order to recover Romanian economic situation. The austerity measures adopted until recently not allowed, however, to create a favorable environment for growth, taking into consideration that it is almost impossible for an economy to grow when conditions are limiting. Fiscal policies have focused on reducing the budget deficit, which led on slaughtering economic growth. Given the uncertain economic context, FDI was hardly drew into our country, their value last year has been insignificant. We can even say that the previous ended year was one economically, because our country did not recognize the road to the economic recovery.

  5. Electricity consumption and economic growth: evidence from Korea

    International Nuclear Information System (INIS)

    Yoo, Seung-Hoon

    2005-01-01

    This paper investigates the short- and long-run causality issues between electricity consumption and economic growth in Korea by using the co-integration and error-correction models. It employs annual data covering the period 1970-2002. The overall results show that there exists bi-directional causality between electricity consumption and economic growth. This means that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption

  6. The role of energy in economic growth.

    Science.gov (United States)

    Stern, David I

    2011-02-01

    This paper reviews the mainstream, resource economics, and ecological economics models of growth. A possible synthesis of energy-based and mainstream models is presented. This shows that when energy is scarce it imposes a strong constraint on the growth of the economy; however, when energy is abundant, its effect on economic growth is much reduced. The industrial revolution released the constraints on economic growth by the development of new methods of using coal and the discovery of new fossil fuel resources. Time-series analysis shows that energy and GDP cointegrate, and energy use Granger causes GDP when capital and other production inputs are included in the vector autoregression model. However, various mechanisms can weaken the links between energy and growth. Energy used per unit of economic output has declined in developed and some developing countries, owing to both technological change and a shift from poorer quality fuels, such as coal, to the use of higher quality fuels, especially electricity. Substitution of other inputs for energy and sectoral shifts in economic activity play smaller roles. © 2011 New York Academy of Sciences.

  7. Priority Directions of Improving the State Regulation of Agriculture Development

    Directory of Open Access Journals (Sweden)

    Daniela Konstantinovna Sanakoeva

    2015-12-01

    Full Text Available The article reviews primary directions for economical regulation of agriculture, for solving problems of insufficient funds of agricultural enterprises. Goals for development of agricultural economics growth and competitive abilities are determined, economical measures for governmental support are described as functions of system for development of agricultural market. The authors reveal the problems of innovational and optimizational model for development of agriculture, and system of state regulative and supportive measures for implementing the innovational model of development by consolidation of self-development mechanisms within revealing of inner economical reserves and activisation of “growth points” for resource potential. The mutual system dependence for mechanisms of taxes and subsidiaries and their influence on budget and socio-economical externalities are analyzed. It is substantiated that the state regulation of agricultural markets must take into account low incomes of small agricultural business, not allowing to accumulate necessary funds for starting cooperation. Due to that, the article specially reviews issues of loan availableness for small agricultural enterprises, including private farmings, peasant farms and cooperatives created by them, and, for this goal, the issues of marketing effectiveness for production of such small forms of agriculture are further reviewed. As a result of research, the authors discovered the necessity for government support of socially important businesses in agriculture, which are not of high profitability and, due to that, are not attractive for investors, but are necessary for saving the traditional rural lifestyle and maintaining important social functions for sustainable development.

  8. Retail payments and economic growth

    OpenAIRE

    Hasan, Iftekhar; De Renzis, Tania; Schmiedel , Heiko

    2012-01-01

    This paper examines the fundamental relationship between retail payments and overall economic growth. Using data from across 27 European markets over the period 1995–2009, the results confirm that migration to efficient electronic retail payments stimulates overall economic growth, consumption and trade. Among different payment instruments, this relationship is strongest for card payments, followed by credit transfers and direct debits. Cheque payments are found to have a relatively low macro...

  9. USING SATELLITE DATA FOR ENVIRONMENTAL IMPACT ANALYSIS IN ECONOMIC GROWTH: THE CASE OF MONGOLIA

    Directory of Open Access Journals (Sweden)

    A. Tungalag

    2016-06-01

    Full Text Available The Mongolian economy is based on the primary and secondary economic sectors of agriculture and industry. In addition, minerals and mining become a key sector of its economy. The main mining resources are gold, copper, coal, fluorspar and steel. However, the environment and green economy is one of the big problems among most of the countries and especially for countries like Mongolia where the mining is major part of economy; it is a number one problem. The research of the work tested how environmental elements effect to current Mongolian economic growth, which is growing economy because of mining sector. The study of economic growth but the starting point for any study of economic growth is the neoclassical growth model emphasizing the role of capital accumulation. The growth is analysed either in terms of models with exogenous saving rates (the Solow-Swan model, or models where consumption and hence savings are determined by optimizing individuals. These are the so-called optimal growth or Ramsey-Cass-Koopmans. The study extends the Solow model and the Ramsey-Cass-Koopmans model, including environmental elements which are satellite data determine to degraded land and vegetation value from 1995 to 2013. In contrast, we can see the degraded land area increases from 1995 (4856 m2 to 2013 (10478 m2 and vegetation value decrease at same time. A description of the methodology of the study conducted follows together with the data collected and econometric estimations and calibration with environmental elements.

  10. Integrated economic and environmental analysis of agricultural straw reuse in edible fungi industry

    Directory of Open Access Journals (Sweden)

    Wencong Lu

    2018-04-01

    Full Text Available Background China currently faces severe environmental pollution caused by burning agricultural straw; thus, resource utilization of these straws has become an urgent policy and practical objective for the Chinese government. Methods This study develops a bio-economic model, namely, “straw resource utilization for fungi in China (SRUFIC,” on the basis of a field survey of an edible fungi plant in Zhejiang, China, to investigate an integrated economic and environmental performance of straw reuse in fungi production. Five scenarios, which cover changes in the production scale, wage level, and price fluctuations of the main product and inputs, are simulated. Results Results reveal that (1 the pilot plant potentially provides enhanced economic benefits and disposes added agricultural residues by adjusting its production strategy; (2 the economic performance is most sensitive to fungi price fluctuations, whereas the environmental performance is more sensitive to production scale and price of fungi than other factors; (3 expanding the production scale can be the most efficient means of improving the performance of a plant economically and environmentally. Discussion Overall, agricultural straw reuse in the edible fungi industry can not only reduce the environmental risk derived from burning abandoned straws but also introduce economic benefits. Thus, the straw reuse in the fungi industry should be practiced in China, and specific economic incentive policies, such as price support or subsidies, must be implemented to promote the utilization of agricultural straws in the fungi industry.

  11. Political regime change, economic liberalization and growth accelerations

    NARCIS (Netherlands)

    Jong-A-Pin, Richard; De Haan, Jakob

    We examine whether the type of political regime, regime changes, and economic liberalization are related to economic growth accelerations. Our results show that growth accelerations are preceded by economic liberalizations. We also find that growth accelerations are less likely to happen the longer

  12. Agriculture in an industrial framework

    Directory of Open Access Journals (Sweden)

    Edgar Thomas

    1966-12-01

    Full Text Available The present shape of agriculture in every country is the result of a complex of past economic, social and political factors. These factors are continuously under pressure from new forces. Today, for better or for worse, the pursuit of economic growth has become the dominant force the world over. In order to achieve and sustain a more rapid rate of growth two things are necessary. The first is to improve productivity within each activity by the greater application of capital, by better technology, by better management and by better organisation. The second is to aim at the optimum allocation of resources between activities by moving resources from less to more productive uses. Pursuing these two paths towards faster growth is releasing two sets of forces which are exerting a radical impact on both the size and the pattern of agriculture. This paper deals with this impact on agriculture in contemporary Britain a highly industrial and a preponderantly urban nation committed to the experiment of running a hybrid economy based on the two pillars of private enterprise and public control.

  13. Economic Recovery: Sustaining U.S. Economic Growth in a Post-Crisis Economy

    Science.gov (United States)

    2010-07-22

    Mankiw , Principles of Economics (Ft. Worth, Dryden Press, 1998), p556, and Robert J. Barro, “Are Government Bonds Net Wealth?” Journal of Political...CRS Report for Congress Prepared for Members and Committees of Congress Economic Recovery: Sustaining U.S. Economic Growth in a Post...2. REPORT TYPE 3. DATES COVERED 00-00-2010 to 00-00-2010 4. TITLE AND SUBTITLE Economic Recovery: Sustaining U.S. Economic Growth in a Post

  14. Enhancing agricultural value chain for economic diversification in ...

    African Journals Online (AJOL)

    This study examined how enhancing the agricultural value chain can contribute to rapid economic diversification in Nigeria within the period of 1981-2015. The autoregressive distributed lag (ARDL) model was employed as the econometric method of estimation. The inferences were drawn at 5% significant level. The result ...

  15. Imperatives for an agricultural green economy in South Africa

    Directory of Open Access Journals (Sweden)

    Constansia Musvoto

    2015-01-01

    Full Text Available Globally, there are social, economic and environmental challenges related to sustainable development; these challenges include climate change, the need to feed a rapidly increasing population, high rates of poverty and environmental degradation. These challenges have forced us to rethink the way in which development takes place, resulting in the emergence of the concept of a �green economy�. A green economy results in improved human well-being and social equity, while significantly reducing risks to the environment. It is based on principles which integrate social, economic and environmental considerations. South Africa has adopted the principle of green economic growth, and agriculture is one of the sectors that will drive this growth. Agriculture could address some of the sustainable development problems, but there are challenges related to resource availability, environmental impacts of agriculture and climate change. For agriculture to support a green economy it has to be productive, contribute to economic growth and not undermine the environment, social and cultural systems. The information base and policies required to support a green economy in general, and/or an agriculture-supported green economy have not yet been developed, as the green economy is an emerging concept in South Africa as well as globally. The generation of such information requires analysis and synthesis of green economy principles and agricultural imperatives into generic principles and practices for facilitating agriculture�s contribution to the green economy. In this paper, we conduct this analysis and synthesis and highlight the defining aspects of an agricultural green economy.

  16. Contributions of Agriculture to Economic Fluctuations in Romania

    Directory of Open Access Journals (Sweden)

    Anca DACHIN

    2011-01-01

    Full Text Available Globalization and European integration could be advantages for the development of agriculture in Romania, which still holds a high relative position in the economy and has structures of business organization and employment that do not match the European model. Based on the empirical analysis of available data, the paper presents changes of the Romanian agriculture in the last two decades and their influence on the whole economy, by pointing out three important fields of macroeconomic fluctuations: gross domestic product, prices and employment. The extended size of the subsistence component in the agricultural sector keeps the dependence of production variations on the natural conditions, strongly influenced by climate changes, while inducing significant variations in the GDP, but is also a solution to soften the social effects of the economic crisis.

  17. Economic Growth as a Factor of Political Stability

    Directory of Open Access Journals (Sweden)

    Анна Олеговна Ярославцева

    2015-12-01

    Full Text Available The article analyzes actual problems of the impact of economic growth on the political stability of different state. The author shows that despite the undoubted correlation of the level of economic development and political stability, economic growth by itself is not a panacea for destabilization risks because of the effects of inflated expectations and transformations of social consciousness. The author argues that the impact of economic growth on political stability is largely ambivalent. On the basis of “Tocqueville's law” and the range of theories of “relative deprivation”, the author makes a conclusion about the principal limitations of predictive and interpretive capabilities of economic indicators (primarily economic growth for the analysis of political stability.

  18. THE CONNECTION BETWEEN ECONOMIC GROWTH AND STOCK MARKETS

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    Andreea Maria PECE

    2015-04-01

    Full Text Available This paper examines the connection between economic growth and stock market performance in the case of an emerging economy, namely Romania, by using quarterly financial data, during the period 2000-2013. This topic is widely studied in the financial literature and seeks to provide an answer for the following questions: does economic growth influences the capital market, does capital market influences economic growth, or there is no connection between these variables. I have analyzed the long term relationship between economic growth and stock market for Romania, by applying Johansen cointegration test, Granger causality and Gregory Hansen cointegration test, which allows the presence of the structural breaks in the time series. The empirical results obtained highlighted that portfolio investments have a positive impact on economic growth and the GDP growth engages in turn, a long term positive capital markets return. The main conclusion of this study is that in the case of Romanian economy, is a bi-directional link between the economic growth and the capital market performance.

  19. Agricultural Economics and Qualitative Research: Incompatible Paradigms?

    OpenAIRE

    Vera Bitsch

    2000-01-01

    The disciplinary paradigm of agricultural economics emphasizes rational behavior in a world constrained by scarce resources. The research practice focuses on the quantitative modeling of optimization behavior. These models, though, only offer limited support to practitioners in solving real-world problems. Qualitative research approaches contribute to this task, particularly with research in developing countries. Participatory action research was introduced in the seventies; case studies have...

  20. AFRICAN JOURNAL OF ECONOMIC REVIEW

    African Journals Online (AJOL)

    Dr Kazungu

    EAC regionalism had no significant effect on agricultural exports of Burundi,. Rwanda and Uganda ... levels and adversely affect the economic growth of agricultural based economies. ...... Master of Arts Thesis, University of Saakatchewan,.

  1. Road infrastructure, spatial spillover and county economic growth

    Science.gov (United States)

    Hu, Zhenhua; Luo, Shuang

    2017-09-01

    This paper analyzes the spatial spillover effect of road infrastructure on the economic growth of poverty-stricken counties, based on the spatial Durbin model, by using the panel data of 37 poor counties in Hunan province from 2006 to 2015. The results showed that there is a significant spatial dependence of economic growth in Poor Counties. Road infrastructure has a positive impact on economic growth, and the results will be overestimated without considering spatial factors. Considering the spatial factors, the road infrastructure will promote the economic growth of the surrounding areas through the spillover effect, but the spillover effect is restricted by the distance factor. Capital investment is the biggest factor of economic growth in poor counties, followed by urbanization, labor force and regional openness.

  2. What Drives Economic Growth in Some CEE Countries?

    Directory of Open Access Journals (Sweden)

    Simionescu Mihaela

    2018-03-01

    Full Text Available Considering the potential factors that might generate economic growth, a target for any economy, this paper identified some determinants of economic growth in the countries from Central and Eastern Europe (CEE countries that are member states of the European Union. The foreign direct investment was the most important determinant of economic growth in most of the countries (Bulgaria, Slovenia, Estonia, Hungary, Romania, Poland, Latvia, Lithuania in the period 2003-2016, according to Bayesian bridge regressions. The indicators related to the level and the quality of labour resources proved to be insignificant in explaining the economic growth in these countries. Moreover, in Croatia, Estonia, Latvia, Lithuania, and Poland, the government expenditure on education had a negative effect on economic growth.

  3. EVIDENCE ON EMPLOYMENT RATE AND ECONOMIC GROWTH

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    Cornelia VĂCEANU

    2014-11-01

    Full Text Available This paper explores a causal relationship between employment rate and economic growth for European Union countries, in general, and produces a structural assessment of employment on the background of labour market dynamics. Economic growth is the key in economic theory and the main source of well-being and quality of life. Since the 2008 financial crisis, most European countries have experienced job shortage and unemployment problem, but today's European economic outlook is strengthening on the bases of a GDP growing momentum. Empirical data shows, regardless the GDP's moderate positive trend, the employment rate did not increase enough. Given this, the present analysis address the question: to what extent the employment rate is affected by economic growth?

  4. Water Market-scale Agricultural Planning: Promoting Competing Water Resource Use Efficiency Through Agro-Economics

    Science.gov (United States)

    Delorit, J. D.; Block, P. J.

    2017-12-01

    Where strong water rights law and corresponding markets exist as a coupled econo-legal mechanism, water rights holders are permitted to trade allocations to promote economic water resource use efficiency. In locations where hydrologic uncertainty drives the assignment of annual per-water right allocation values by water resource managers, collaborative water resource decision making by water rights holders, specifically those involved in agricultural production, can result in both resource and economic Pareto efficiency. Such is the case in semi-arid North Chile, where interactions between representative farmer groups, treated as competitive bilateral monopolies, and modeled at water market-scale, can provide both price and water right allocation distribution signals for unregulated, temporary water right leasing markets. For the range of feasible per-water right allocation values, a coupled agricultural-economic model is developed to describe the equilibrium distribution of water, the corresponding market price of water rights and the net surplus generated by collaboration between competing agricultural uses. Further, this research describes a per-water right inflection point for allocations where economic efficiency is not possible, and where price negotiation among competing agricultural uses is required. An investigation of the effects of water right supply and demand inequality at the market-scale is completed to characterize optimal market performance under existing water rights law. The broader insights of this research suggest that water rights holders engaged in agriculture can achieve economic benefits from forming crop-type cooperatives and by accurately assessing the economic value of allocation.

  5. EMPIRICAL ANALYSIS OF INTERRELATIONSHIPS AMONG GROWTH IN AGRICULTURAL SECTOR, POVERY AND INEQUALITY IN PAKISTAN

    Directory of Open Access Journals (Sweden)

    Rashid SAEED

    2013-10-01

    Full Text Available The purpose of this study is to analyze the relationship between growth in agricultural sector and poverty in Pakistan. It explores that how much the poor people have gained from growth in agricultural sector of Pakistan by considering growth magnitude and benefits obtained by the poor people resulting from growth for the period of 1985 to 2005 through applying OLS Regression Technique. The results indicate that the variable of growth in agricultural sector is significantly and negatively associated with the variable of poverty, i.e., the growth in agricultural sector of Pakistan will result in reducing the level of poverty in Pakistan.

  6. Economic growth factors system: theoretical and methodological aspect

    OpenAIRE

    H.Ya. Hlukha

    2014-01-01

    The aim of the article. The main objective of the article is to create theoretical grounds to build the system of economic growth factors, to modernize their classification, to define exogenous and endogenous factors, to analyze them within the state economic policy structure. The results of the analysis. The article focuses on economic growth factors theoretical studies: - economic growth factors classification characteristics have been highlighted; - various approaches to determine...

  7. Water security, risk and economic growth: lessons from a dynamical systems model

    Science.gov (United States)

    Dadson, Simon; Hall, Jim; Garrick, Dustin; Sadoff, Claudia; Grey, David; Whittington, Dale

    2016-04-01

    Investments in the physical infrastructure, human capital, and institutions needed for water resources management have been a noteworthy feature in the development of most civilisations. These investments affect the economy in two distinct ways: (i) by improving the factor productivity of water in multiple sectors of the economy, especially those that are water intensive such as agriculture and energy; and (ii) by reducing the acute and chronic harmful effects of water-related hazards like floods, droughts, and water-related diseases. The need for capital investment to mitigate these risks in order to promote economic growth is widely acknowledged, but prior work to conceptualise the relationship between water-related risks and economic growth has focused on the productive and harmful roles of water in the economy independently. Here the two influences are combined using a simple, dynamical model of water-related investment, risk, and growth at the national level. The model suggests the existence of a context-specific threshold above which growth proceeds along an 'S'-curve. In many cases there is a requirement for initial investment in water-related assets to enable growth. Below the threshold it is possible for a poverty trap to arise. The presence and location of the poverty trap is context-specific and depends on the relative exposure of productive water-related assets to risk, compared with risks faced by assets in the wider economy. Exogenous changes in the level of water-related risk (through, for example, climate and land cover change) can potentially push an economy away from a growth path towards a poverty trap. These results illustrate the value of accounting for environmental risk in models of economic growth and may offer guidance in the design of robust policies for investment in water-related productive assets to manage risk, particularly in the face of global and regional environmental change.

  8. What are the "ingredients" for economic growth?

    OpenAIRE

    Wolla, Scott A.

    2013-01-01

    Is there a recipe for economic growth? Perhaps some Miracle-Gro for the economy? If only it were that easy. While the exact recipe is a mystery, economists have identified some of the key ingredients. This month’s newsletter discusses the role that economic institutions play in fostering long-term economic growth.

  9. Economic importance of bats in agriculture

    Science.gov (United States)

    Boyles, Justin G.; Cryan, Paul M.; McCracken, Gary F.; Kunz, Thomas H.

    2011-01-01

    White-nose syndrome (WNS) and the increased development of wind-power facilities are threatening populations of insectivorous bats in North America. Bats are voracious predators of nocturnal insects, including many crop and forest pests. We present here analyses suggesting that loss of bats in North America could lead to agricultural losses estimated at more than $3.7 billion/year. Urgent efforts are needed to educate the public and policy-makers about the ecological and economic importance of insectivorous bats and to provide practical conservation solutions.

  10. Application of artificial neural network with extreme learning machine for economic growth estimation

    Science.gov (United States)

    Milačić, Ljubiša; Jović, Srđan; Vujović, Tanja; Miljković, Jovica

    2017-01-01

    The purpose of this research is to develop and apply the artificial neural network (ANN) with extreme learning machine (ELM) to forecast gross domestic product (GDP) growth rate. The economic growth forecasting was analyzed based on agriculture, manufacturing, industry and services value added in GDP. The results were compared with ANN with back propagation (BP) learning approach since BP could be considered as conventional learning methodology. The reliability of the computational models was accessed based on simulation results and using several statistical indicators. Based on results, it was shown that ANN with ELM learning methodology can be applied effectively in applications of GDP forecasting.

  11. Development performances of agriculture in the Danube region countries

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    Gajić Milivoj

    2015-01-01

    Full Text Available In the recent decades, the Danube Region countries profile their policies towards a more efficient way of exploiting the natural resources of the Danube basin. The Danube can contribute to a better integration of the countries, enhancing economic opportunities through diversification and promotion of rural development. The trend analysis in the agricultural sector of the Danube Region countries refers to the first decade of this century, and it begins with the determination of the agricultural importance in the overall economy. The development performances of agriculture in the Danube Region countries are considered according to the production and export performances of this economic sector, using a comparative approach. The agricultural production growth, level and growth of the partial agricultural productivities - labour and land, as well as the value of exports in relation to engaged labour and agricultural land, are analysed in such a context.

  12. Water as an economic good in irrigated agriculture: theory and practice

    NARCIS (Netherlands)

    Hellegers, P.J.G.J.; Perry, C.J.

    2004-01-01

    This report describes the results of the Water Valuation and Pricing project, which aims to provide insight into the relevance of economics to typical problems found in irrigated agriculture. It first considers the theoretical basis for the use of economic instruments, then considers their

  13. Health, "illth," and economic growth: medicine, environment, and economics at the crossroads.

    Science.gov (United States)

    Egger, Garry

    2009-07-01

    Economic growth has been the single biggest contributor to population health since the Industrial Revolution. The growth paradigm, by definition, is dynamic, implying similar diminishing returns on investment at both the macro- and the micro-economic levels. Changes in patterns of health in developing countries, from predominantly microbial-related infectious diseases to lifestyle-related chronic diseases (e.g., obesity, type 2 diabetes) beyond a point of economic growth described as the epidemiologic transition, suggest the start of certain declining benefits from further investment in the growth model. These changes are reflected in slowing improvements in some health indices (e.g., mortality, infant mortality) and deterioration in others (e.g., disability-associated life years, obesity, chronic diseases). Adverse environmental consequences, such as climate change from economic development, are also related to disease outcomes through the development of inflammatory processes due to an immune reaction to new environmental and lifestyle-related inducers. Both increases in chronic disease and climate change can be seen as growth problems with a similar economic cause and potential economic and public health-rather than personal health-solutions. Some common approaches for dealing with both are discussed, with a plea for greater involvement by health scientists in the economic and environmental debates in order to deal effectively with issues like obesity and chronic disease.

  14. Energy efficiency, sustainability and economic growth

    International Nuclear Information System (INIS)

    Ayres, Robert U.; Turton, Hal; Casten, Tom

    2007-01-01

    This paper explores two linked theses related to the role energy in economic development, and potential sources of increased energy efficiency for continued growth with reduced greenhouse gas (GHG) emissions. The first thesis is that, while reduced GHG emissions are essential for long-term global sustainability, the usual policy recommendation of increasing energy costs by introducing a carbon tax may be relatively ineffective under current market structures and have an unnecessarily adverse impact on economic growth. Our second thesis is that there exists a practical near-term strategy for reducing GHG emissions while simultaneously encouraging continued technology-driven economic growth. Moreover, this strategy does not require radical new technologies, but rather improved regulation or-more precisely-better deregulation of the electric power sector. In respect to the first of our two theses, this paper addresses a deficiency in neoclassical economic growth theory, in which growth is assumed to be automatic, inevitable and cost-free. We challenge both the assumption that growth will continue in the future at essentially the same rate ('the trend') as it has in the past, and the corollary that our children's children will inevitably be richer and better able to afford the cost of repairing the environmental damages caused by current generations [Simon et al., The state of humanity. Cambridge MA: Blackwell Publishers Ltd.; 1995

  15. MARKET SEGMENTATION: IDENTIFYING THE HIGH-GROWTH EXPORT MARKETS FOR U.S. AGRICULTURE

    OpenAIRE

    Reed, Michael R.; Salvacruz, Joseph C.

    1994-01-01

    A cluster analysis based on a five-year growth rate of agricultural imports from the United States was conducted on 86 countries and revealed two significant market segments for U.S. agriculture: the high-growth markets and the low-growth markets. Multiple discriminant analysis was then used to test the significance of the countries' trade-related and macroeconomic variables to their market growth classification. The discriminant function was used to predict the high-growth markets for U.S. a...

  16. Education and Economic Growth in Nigeria: A Granger Causality ...

    African Journals Online (AJOL)

    FIRST LADY

    expenditures on education, primary school enrolment and economic growth. The tests revealed ..... force possessed a positive and significant impact on economic growth through factor ..... Export and Economic Growth in Namibia: A Granger ...

  17. Integrating predictive information into an agro-economic model to guide agricultural management

    Science.gov (United States)

    Zhang, Y.; Block, P.

    2016-12-01

    Skillful season-ahead climate predictions linked with responsive agricultural planning and management have the potential to reduce losses, if adopted by farmers, particularly for rainfed-dominated agriculture such as in Ethiopia. Precipitation predictions during the growing season in major agricultural regions of Ethiopia are used to generate predicted climate yield factors, which reflect the influence of precipitation amounts on crop yields and serve as inputs into an agro-economic model. The adapted model, originally developed by the International Food Policy Research Institute, produces outputs of economic indices (GDP, poverty rates, etc.) at zonal and national levels. Forecast-based approaches, in which farmers' actions are in response to forecasted conditions, are compared with no-forecast approaches in which farmers follow business as usual practices, expecting "average" climate conditions. The effects of farmer adoption rates, including the potential for reduced uptake due to poor predictions, and increasing forecast lead-time on economic outputs are also explored. Preliminary results indicate superior gains under forecast-based approaches.

  18. Medical Tourism and Its Implication on Malaysia's Economic Growth

    OpenAIRE

    Tang, Chor Foon

    2015-01-01

    Policymakers in the developed and developing countries already heading toward medical tourism to stimulate economic growth. Nonetheless, the actual impact of medical tourism on economic growth remains ambiguous. Although medical tourism may spur economic growth via its impact on foreign currency earnings, investments, tax revenue, and employment opportunities, it may also leave numerous negative externalities that either direct or indirectly harmful the process of economic growth. Undeniably,...

  19. Regional Economic Growth; Socio-Economic Disparities among Counties

    Directory of Open Access Journals (Sweden)

    Salih Özgür SARICA

    2014-12-01

    Full Text Available State level economy has always been relying on its major metropolitan area’s economic success. So, such metropolitan agglomerations have been considered the only agents that can foster the state’s economic standing as if other economic places do (or may not have significant contribution to the regional economy. In contrast, as some major cities enhance their economic well-being and agglomerate in specialized sector, the rest of the region lose their economic grounds or stay constant by widening the economic gap among cities. Therefore, an institutional approach can help to establish new regional arrangements to substitute all economic places to coordinate each other and succeed the economic growth as part of state government by reducing the disparities. In this sense, this study builds upon the inquiry that seeks the impacts of some economic disparities among economic places (counties on the performances of state level regional economy.

  20. Fiscal Policy and Economic Growth in Nigeria

    Directory of Open Access Journals (Sweden)

    Sylvia Uchenna Agu

    2015-11-01

    Full Text Available This article aims at determining the impact of various components of fiscal policy on the Nigerian economy. We simply used descriptive statistics to show contribution of government fiscal policy to economic growth, and to ascertain and explain growth rates, and an ordinary least square (OLS in a multiple form to ascertain the relationship between economic growth and government expenditure components after ensuring data stationarity. Findings revealed that total government expenditures have tended to increase with government revenue, with expenditures peaking faster than revenue. Investment expenditures were much lower than recurrent expenditures evidencing the poor growth in the country’s economy. Hence, there is some evidence of positive correlation between government expenditure on economic services and economic growth. Therefore, in public spending, it is important to note that the effectiveness of the private sector depends on the stability and predictability of the public incentive framework, which promotes or crowds out private investment.

  1. Institutions, Technological Change and Economic Growth

    Directory of Open Access Journals (Sweden)

    David Corderí Novoa

    2005-01-01

    Full Text Available Theories of economic growth try to explain variations in per capita income across countries by differences in capital accumulation and productivity. However, many scholars consider that integrating institutions into economic theory and economic history is an essential step in improving explanations of why some societies are richer than others. This paper develops the empirical and theoretical case that differences in institutions are the fundamental cause of differences in technological change (productivity, hence in economic growth. First, I give a definition of institutions and how they influence economic performance, from a New Institutional Economics point of view. Then, I introduce the theoretical framework based on the economics of ideas and endogenous growth models. Finally, I argue that R&D expenditures -a proxy for technological change- will vary across countries depending on some measures of institutional quality. In the end, this paper finds that stronger institutions (measured by an aggregate of institutional quality encourage greater R&D expenditures. At a disaggregate level, the rule of law is positively correlated and the regulatory burden is negatively correlated with R&D expenditures. Human capital level (measured by the tertiary and primary school enrolment rates has also a significant positive impact in R&D expenditures.

  2. ANALYSIS OF FACTORS WHICH AFFECTING THE ECONOMIC GROWTH

    Directory of Open Access Journals (Sweden)

    Suparna Wijaya

    2017-03-01

    Full Text Available High economic growth and sustainable process are main conditions for sustainability of economic country development. They are also become measures of the success of the country's economy. Factors which tested in this study are economic and non-economic factors which impacting economic development. This study has a goal to explain the factors that influence on macroeconomic Indonesia. It used linear regression modeling approach. The analysis result showed that Tax Amnesty, Exchange Rate, Inflation, and interest rate, they jointly can bring effect which amounted to 77.6% on economic growth whereas the remaining 22.4% is the influenced by other variables which not observed in this study. Keywords: tax amnesty, exchange rates, inflation, SBI and economic growth

  3. Agricultural producers’ groups in the Czech Republic: introductory review and discussion of the problem area economic performance measurement

    Directory of Open Access Journals (Sweden)

    Jan Vavřina

    2012-01-01

    Full Text Available Each company is surrounded by the micro- and macro-environment affecting also its economic performance. These factors are not only individual accounting entries, but also analytical inputs as the internal company processes, management of costs or short-term financial decisions and specifically in the case of agriculture within the EU also the public subsidy schemes implemented through the EU Common Agricultural Policy. Groups of agricultural producers are created as a response to current market dynamics and the opportunity for each agricultural enterprise regardless the size. In this paper, the basis for agricultural cooperation is provided, traditional economic performance measures are presented and their applicability on the sample of agricultural producers’ groups and wholesale entities is empirically verified. Wholesale entities are analysed by its business activity and performance features to consider whether they are suitable peer group for comparing economic performance of examined agricultural producers’ group. Since the economic performance of agricultural producers’ groups directly affects the economic performance of all participating entities, and vice versa, their economic performance measurement may involve specific constraints. According to the structure and characteristics of agricultural producers’ groups may be inferred that whilst the common performance measurement techniques are applicable on the majority of companies, agricultural producers’ groups represent specific entities and therefore need adjusted performance measurement approach.

  4. THE PERSPECTIVE OF AGRICULTURE IN THE CONTEXT OF SOCIO-ECONOMIC DEVELOPMENT POTENTIAL IN VRANCEA COUNTY

    Directory of Open Access Journals (Sweden)

    RĂDULESCU CARMEN VALENTINA

    2015-06-01

    Full Text Available Agriculture is an important field and also a priority of Romania's development. In this regard, providing food for population is a factor that ensures the specificity of agriculture. For this reason, we can consider that agriculture is a starting point for the socio-economic development of the country. Romania is recognized, at European and international level, for its experience in cultivating natural and traditional products. The agricultural area offers the possibility of supplying raw materials for both the population and for the manufacturing industry. It is aimed that the organization of the agricultural area to be made so that the lands that have agricultural destination to be used as rationally as possible. Also, it is important to introduce in the agricultural circuit all the unused lands. The fragmentation of the agricultural land is a disadvantage in the process of rational organization of agricultural area. Efficient use of land, as a requirement of the intensive and durable agriculture is a complex activity that involves conservation activities and soil improvement. Due to the role that they have, the approach of the aspects referring to the medium and big farms has to be different from the approaches referring to the small farms. If the farms from the first category take into account the agriculture as a business, the small farms are important for the rural area by oferring food and social security and means of traditional production that contributes to the environment conservation. Romania's economic recovery can be achieved based on the attention that has to be given to this field. Being an important factor of social stability and of the maintainance of the ecological balance, agriculture enjoys an increasing attention worldwide. The supply and the demand of food determines the use of agricultural resources. The article presents the current situation of agriculture, at national and regional levels. Through this analysis, we

  5. Economic Growth and the Environment. An empirical analysis

    Energy Technology Data Exchange (ETDEWEB)

    De Bruyn, S.M.

    1999-12-21

    A number of economists have claimed that economic growth benefits environmental quality as it raises political support and financial means for environmental policy measures. Since the early 1990s this view has increasingly been supported by empirical evidence that has challenged the traditional belief held by environmentalists that economic growth degrades the environment. This study investigates the relationship between economic growth and environmental quality and elaborates the question whether economic growth can be combined with a reduced demand for natural resources. Various hypotheses on this relationship are described and empirically tested for a number of indicators of environmental pressure. The outcome of the tests advocates the use of alternative models for estimation that alter conclusions about the relationship between economic growth and the environment and give insight into the driving forces of emission reduction in developed economies. refs.

  6. Urban population and economic growth: South Asia perspective

    Directory of Open Access Journals (Sweden)

    Sandip Sarker

    2016-07-01

    Full Text Available Previously economic growth was generally discussed in terms of foreign direct investment (FDI, educational growth, savings, investments, inflation as well as trade openness of a nation. Very recently it has been identified that population is one of the major determinants of economic growth of a nation. In the recent years, the study of urbanization has gained a matter of concern in developing countries as it has been recognized as part of a larger process of economic development which is affecting developing countries. South Asian countries are one of the emerging economics and growing at a faster rate over the past few years. At the same time, population of South Asia is growing at a significant rate. Therefore the study has attempted to identify the causal relationship between urban population and economic growth in South Asia using a panel data analysis. The study makes use of the Augmented Dickey-Fuller (ADF and Phillips-Perron (PP, Pesaran as well as Fisher methods for panel unit root test. The panel Pedroni cointegration test suggests that there is long run relationship between the variables. The further panel Vector Error Correction Model (VECM suggests that there is long run causality running from urban population growth to economic growth in South Asia. The study concludes that the growth of urban population can have significant impact on economic growth in South Asia in the long run.

  7. Human Capital Investment and Economic Growth in Nigeria ...

    African Journals Online (AJOL)

    Human Capital Investment and Economic Growth in Nigeria. ... relationship between investment in education, health and economic growth in Nigeria, ... in order to accelerate growth and liberate Nigerians from the vicious cycle of poverty, the ...

  8. Economic growth and poverty alleviation in Africa - linking hard and soft economics

    DEFF Research Database (Denmark)

    Kuada, John

    2014-01-01

    soft and hard economics, arguing that economic growth must be converted into social change that benefits poor for it to be described as development-oriented. It provides a direction for future research into issues of economic growth and poverty alleviation in Sub-Sahara Africa......This paper provides a quick glance at the dominant issues that have characterized the development economics debate during the past five decades. It is based on a review of a selection of literature that highlights the dominant perspectives in development economics. It draws a distinction between...

  9. EFFECTS OF CAPITAL FLIGHT AND ITS MACROECONOMIC DETERMINANTS ON AGRICULTURAL GROWTH IN NIGERIA (1970-2013

    Directory of Open Access Journals (Sweden)

    Francis Robert Usman

    2014-10-01

    Full Text Available This study empirically examines the impact of capital fight and its macroeconomic determinants on agricultural growth in Nigeria from 1970 -2013. Data generated were analyzed using Unit root test, co-integration test, regression analysis. The study result found negative and insignificant relationship(P>0.05 between total capital flight and agricultural growth; meaning that capital flight has no direct impact on agricultural growth or the impact on agricultural growth is shadowed by the other macroeconomic variables in the system. Also, the stock of gross external debt (EXD variable showed positive and statistically significant relationship (P<0.05 with agricultural growth. The result shows that a unit change in EXD will bring about 24% change in the growth of agriculture provided other factors are kept constant. Political instability (POL variable has negative and significant effect on agricultural growth in Nigeria. The study recommends that Nigeria’s judicious use of the income accruing from loans and Foreign Direct Investment (FDI is paramount if Agricultural growth is to be enhanced. Furthermore, the overall peace, security of lives and property and guaranty of investment by the government is essential therefore; Government should take concerted step to improve security of life and property in the country.

  10. Great economic crisis in Polish agriculture - a remainder and caution

    Directory of Open Access Journals (Sweden)

    Wiesław Musiał

    2009-01-01

    Full Text Available The work presents chosen aspects of the course of the so-called great economic crisis which took place in 1929-1933 in economy, including agricultural sector. The results of the crisis in the sphere of agricultural production, the use of production means and concerning shaping of the price level and price relationships were discussed. Attention was paid to the state intervention measures aimed to diminish the range of crisis in agriculture and reasons of their low efficiency. It was demonstrated that the crisis was very deep and beside the economy involved also the social, cultural and political spheres.

  11. Exports, capital formation and economic growth in South Africa ...

    African Journals Online (AJOL)

    In South Africa the export sector is frequently accorded a special role in encouraging faster economic growth. Nonetheless, a question that remains unresolved is whether higher export growth indeed leads to higher economic growth and what particular role exports may play within the overall economic growth process of the ...

  12. PSYCHOLOGICAL AND SOCIO-ECONOMIC FACTORS IN DESIGN OF AGRICULTURAL PROGRAMMING IN RADIO TEOCELO, VERACRUZ

    Directory of Open Access Journals (Sweden)

    Antolin Silvestre Martiñón-Martínez

    2014-01-01

    Full Text Available The mass media, are an important complement in the agricultural extension, however, radio is the most economical mass media, so their potential is huge especially in rural areas. The present study was carried out at a community radio station (Radio Teocelo, with coffee producers, in three municipalities in the area Center of Veracruz, it should be noted that the radio has an audience formed mainly by agricultural producers, also this medium has been used for agricultural extension by the UNCADER (training unit for Rural Development, through an agricultural program called "The Moon in Uncader", with mainly technical information, however, it is necessary to propose relevant socio-economic issues that may be part of an optional agricultural programming, and/or complement the technical programming that is transmitted by the agricultural program. The study found a positive attitude to the proposed socio-economic issues, since most was obtained 80% of positive responses, highlighting the transmission of information on: marketing, government programs, visits to successful producers and transmission of successful cases of successful producers, also adopted a positive attitude for the program is disseminated by mass media mainly Teocelo Radio and are willing to personally spread mainly with friends.

  13. NIGERIA’S ECONOMIC GROWTH THROUGH TOURISM PROMOTION/SUSTAINABILITY

    Directory of Open Access Journals (Sweden)

    Victor N. ITUMO

    2017-08-01

    Full Text Available Nigeria is currently facing economic growth and development challenge. The economic challenge is occasioned by mono-cultural economic reliance on the single resource of crude oil export revenue as well as other internal and international effects that affect her economic drive for heightened growth and development. The Nigerian government had over the years searched for ways of diversifying its economy for greater growth and development especially given the various challenges in the economy, mainly the steep reduction in crude oil revenue arising from volatility of global oil price. This paper therefore uses the research methodology of case study to do a holistic assessment of the possibility of Nigeria diversifying into her tourism potentials for economic growth and development. This would be done equally by drawing relevant comparative analysis of other countries bringing economic benefits in Africa and across the globe.

  14. Exempting Food and Agriculture Products from U.S. Economic Sanctions: Status and Implementation

    National Research Council Canada - National Science Library

    Jurenas, Remy

    2005-01-01

    .... economic sanctions against certain countries. In completing action on the FY2001 agriculture appropriations bill, Congress codified the lifting of unilateral sanctions on commercial sales of food, agricultural commodities, medicine, and medical...

  15. Electrification, economic growth and uranium power

    International Nuclear Information System (INIS)

    Starr, C.

    1982-01-01

    It is argued that the expanded use of nuclear power is essential to provide a substantial portion of the electricity necessary for world economic growth. However, obstacles to this growth arise not from the technology but rather from the inadequacies of our industrial, political, and economic institutions needed to manage this new energy system effectively, nationally and internationally. (U.K.)

  16. Foreign direct investment and economic growth: A theoretical framework

    Directory of Open Access Journals (Sweden)

    Edmore Mahembe

    2014-05-01

    Full Text Available The relationship between FDI and economic growth has attracted considerable attention over the years. Despite the important role played by FDI in economic growth, a number of policy-makers have not fully understood the theoretical linkage between FDI and economic growth. The aim of this paper, therefore, is to review the theoretical literature on the relationship between FDI and economic growth in a stylized fashion. The theoretical literature reviewed in this study show that FDI is a key contributor to the economic growth of the host country. FDI affects economic growth through two broad channels: (i FDI can encourage the adoption of new technologies in the production process through technological spillovers; and (ii FDI may stimulate knowledge transfers, both in terms of labour training and skill acquisition, and also by introducing alternative management practices and better organisational arrangements.

  17. An interactive environmental model for economic growth: evidence from a panel of countries.

    Science.gov (United States)

    Ramakrishnan, Suresh; Hishan, Sanil S; Nabi, Agha Amad; Arshad, Zeeshan; Kanjanapathy, Malini; Zaman, Khalid; Khan, Faisal

    2016-07-01

    This study aims to determine an interactive environmental model for economic growth that would be supported by the "sustainability principles" across the globe. The study examines the relationship between environmental pollutants (i.e., carbon dioxide emission, sulfur dioxide emission, mono-nitrogen oxide, and nitrous oxide emission); population growth; energy use; trade openness; per capita food production; and it's resulting impact on the real per capita GDP and sectoral growth (i.e., share of agriculture, industry, and services in GDP) in a panel of 34 high-income OECD, high-income non-OECD, and Europe and Central Asian countries, for the period of 1995-2014. The results of the panel fixed effect regression show that per capita GDP are influenced by sulfur dioxide emission, population growth, and per capita food production variability, while energy and trade openness significantly increases per capita income of the region. The results of the panel Seemingly Unrelated Regression (SUR) show that carbon dioxide emission significantly decreases the share of agriculture and industry in GDP, while it further supports the share of services sector to GDP. Both the sulfur dioxide and mono-nitrogen oxide emission decreases the share of services in GDP; nitrous oxide decreases the share of industry in GDP; while mono-nitrogen oxide supports the industrial activities. The following key growth-specific results has been obtained from the panel SUR estimation, i.e., (i) Both the food production per capita and trade openness significantly associated with the increasing share of agriculture, (ii) food production and energy use significantly increases the service sectors' productivity; (iii) food production decreases the industrial activities; (iv) trade openness decreases the share of services to GDP while it supports the industrial share to GDP; and finally, (v) energy demand decreases along with the increase agricultural share in the region. The results emphasize the need for

  18. Agricultural and Social Resiliency of Small-Scale Agriculture to Economic and Climatic Shocks: A Comparison of Subsistence versus Market-Based Agricultural Approaches in Rural Guatemala

    Science.gov (United States)

    Malard, J. J.; Melgar-Quiñonez, H.; Pineda, P.; Gálvez, J.; Adamowski, J. F.

    2014-12-01

    Agricultural production is heavily dependent not only on climate but also on markets as well as on the social and community systems managing the agroecosystem. In addition, the ultimate goal of agricultural production, human food security, is also affected not only by net agricultural production but also by similar economic and social factors. These complex feedbacks assume a particular importance in the case of smallholder farms in the tropics, where alternative rural development policies have led to different and contrasting agricultural management systems. Current approaches at comparing such systems generally study their environmental, economic or social components in isolation, potentially missing important interconnections. This research uses a participatory systems dynamics modelling (SDM) framework to compare two small-scale agricultural approaches in rural Guatemala which differ in their social, economic and ecosystem management decisions. The first case study community, in Quiché, has adopted a subsistence-based system that aims to use low levels of outside inputs to produce food for their own consumption, while the second, in Sololá, has opted for market-based agriculture that uses high input levels to obtain marketable crops in order to assure income for the purchase of food and other necessities. Each of these systems has its respective vulnerabilities; while the Sololá community suffers from more environmental degradation issues (soils and pests), the Quiché community, given lower monetary incomes, is more vulnerable to events whose responses require a significant monetary expenditure. Through the SDM approach, we incorporate local stakeholder knowledge of the respective systems, including biophysical and socioeconomic variables, into a joint biophysical and socioeconomic model for each community. These models then allow for the comparison of the resilience of both types of socio-agroecosystems in the face of climatic, economic and biological

  19. Trade Liberalisation and Economic Growth in Macedonia

    Directory of Open Access Journals (Sweden)

    Mano-Bakalinov Viktorija

    2016-12-01

    Full Text Available The objective of this paper is to explore the effects of trade on Macedonian economic growth. The autoregressive distributed lag (ARDL model is applied on yearly data over the period of 1993-2014. Empirical investigation reveals that an increase of population and openness demonstrate a positive and significant effect on Macedonian economic growth. Given other diverging findings, this suggests that the relationship between trade reforms and growth through the productivity function may vary across transition economies. Nevertheless, the findings of this paper indicate that policies focusing on market liberalisation and opening the economy to trade have a positive effect on Macedonian economic growth, both in the short run and the long run.

  20. Effects of Credit on Economic Growth, Unemployment and Poverty

    OpenAIRE

    Sipahutar, Mangasa Augustinus

    2016-01-01

    Abstract               Effect of credit on economic growth, unemployment and poverty provides evidence from Indonesia on the role of banks credit for promoting economic growth and reducing both unemployment and poverty.  To document the link between banks credit and economic growth, we estimate a VAR model and variance decompositions of annual GDP per capita growth rates to examine what proxy measures of banks credit are most important in accounting for economic growth over time and ho...

  1. TOURIST ARRIVALS AND ECONOMIC GROWTH IN SARAWAK

    OpenAIRE

    Lau, Evan; Oh, Swee-Ling; Hu, Sing-Sing

    2008-01-01

    This study empirically investigates the comovements and the causality relationship between tourist arrivals and economic growth in Sarawak during the period of 1972 to 2004. The empirical evidence clearly shows that the long run causality running from tourist arrivals to economic growth in the estimation period. As one of the income generator for Sarawak, the findings are consistent with economic theory and proffer important policy conclusions.

  2. The Key to Promoting Economic Growth

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    The low contribution of consumption to economic growth has become a source of anxiety for Chinese economic officials. With a sharp decline in exports as a result of the international financial crisis, the Chinese Government hopes that consumption will become a new engine of economic growth. The aim of promoting domestic demand is very clear in the 4-trillion-yuan ($586-billion) economic stimulus package the government approved last fall. How should we assess the present situation of consumption in China and its future course? At the Global Think Tank Summit held in Beijing on July 4, Ma Jiantang, Commissioner of the National Bureau of Statistics, Wang Guangqian, President of the Central University of Finance and Economics, and Yuan Yue, Chairman of the Board of Horizon Research Consultancy Group, shared their opinions.

  3. Problems of social and economic growth in the Kyrgyz Republic

    Directory of Open Access Journals (Sweden)

    Guseva Valentina Ivanovna

    2016-04-01

    Full Text Available In the article author explores the indirect influence of non-economic factors on the growth dynamics of the volume of GDP, including shows the effect of social problems on economic growth. It is proved that the existence of social problems have a negative impact on the pace of the economic dynamics of the country, due to the mutual dependence of key economic and non-economic factors of growth. On the one hand, the level of income of the population affects the purchasing power, which leads to the increase of the acceleration in economic growth. On the other hand, high levels of poverty and a deepening income inequality dictate political and social instability in society, which negatively affects the dynamics of economic growth. It was revealed that the feature of economic growth in the transitional economy is the negative impact of inflation and unemployment rates of economic dynamics, despite the fact that in most Western models, they are not considered as limiting growth factors.

  4. Institutional Affiliation of Contributors to the American Journal of Agricultural Economics, 1973–83

    OpenAIRE

    James R. Simpson; John T. Steele

    1985-01-01

    History of reviews of contributions to the American Journal of Agricultural Economics are examined. Total pages, pages per capita all faculty, and per teaching research faculty of contributors to the American Journal of Agricultural Economics for 1979–83 are reported for land grant institutions. Rankings are provided. There are also averages for 1973–79 and 1980–83.

  5. Fourth-quarter Economic Growth and Time-varying Expected Returns

    DEFF Research Database (Denmark)

    Møller, Stig V.; Rangvid, Jesper

    not predict returns. Fourth-quarter economic growth rates contain considerably more information about expected returns than standard variables used in the literature, are robust to the choice of macro variable, and work in-sample, out-of-sample, and in subsamples. To help explain these results, we show...... that economic growth and growth in consumer confidence are correlated during the fourth quarter, but not during the other quarters: When economic growth is low during the fourth quarter, confidence in the economy is also low such that investors require higher future returns. We discuss rational and behavioral...... reasons why fourth-quarter economic growth, growth in consumer confidence, and expected returns are related....

  6. Agro-Science Journal of Tropical Agriculture, Food, Environment ...

    African Journals Online (AJOL)

    PC USER

    1Department of Agricultural Economics and Extension Technology, School of Agriculture and ... farmers redeemed with agro-inputs under the electronic-wallet initiative of the Growth Enhancement Support ... allocative role of price following distortion created by ... the development of a private sector distribution channel.

  7. Innovation systems, saving, trust, and economic development in Africa

    NARCIS (Netherlands)

    Pamuk, H.

    2014-01-01

    The five essays in the dissertation explore the interaction between economic development in Africa and three economic concepts from different fields: decentralized agricultural innovation systems, trust and saving practices. A relatively new view to boost agricultural growth is the implementation of

  8. The Ghanaian Economic Recovery

    Science.gov (United States)

    2013-12-01

    NY.GDP.MKTP.KD.ZG. 2 Only Syria, Zambia , Myanmar, and Algeria had slower growth rates in 1966. 3 Ferdinand Bakoup, Republic of Ghana Country Strategy Paper (Accra...available economic data from the World Bank (1961 to 2011). During that time, Ghana’s GDP growth rate deviated significantly from the regional growth rate...quantitative controls, and reduce taxes on agriculture. See Ho-Won Jeong, “Ghana: Lurching Toward Economic Rationality,” World Affairs 159, no. 2

  9. DETERMINANTS OF ECONOMIC GROWTH

    OpenAIRE

    Bartosz Totleben

    2013-01-01

    The article is examines the impact of macroeconomic indicators, in particular: human capital, government spending, innovation, political and social stability, on economic growth. In total 12 different indicators describing the economical, political and social conditions are taken into account. The study considers 102 countries between years 1960 and 2012 and two methods of estimation are performed: generalized method of moments (GMM) and fixed effects (FE). The results show the positive impac...

  10. Towards an integrated economic assessment of climate change impacts on agriculture

    Science.gov (United States)

    Lotze-Campen, H.; Piontek, F.; Stevanovic, M.; Popp, A.; Bauer, N.; Dietrich, J.; Mueller, C.; Schmitz, C.

    2012-12-01

    For a detailed understanding of the effects of climate change on global agricultural production systems, it is essential to consider the variability of climate change patterns as projected by General Circulation Models (GCMs), their bio-physical impact on crops and the response in land-use patterns and markets. So far, approaches that account for the interaction of bio-physical and economic impacts are largely lacking. We present an integrative analysis by using a soft-coupled system of a biophysical impact model (LPJmL, Bondeau et al. 2007), an economically driven land use model (MAgPIE, Lotze-Campen et al. 2008) and an integrated assessment model (ReMIND-R, Leimbach et al. 2010) to study climate change impacts and economic damages in the agricultural sector. First, the dynamic global vegetation and hydrology model LPJmL is used to derive climate change impacts on crop yields for wheat, maize, soy, rice and other major crops. A range of different climate projections is used, taken from the dataset provided by the Intersectoral Impact Model Intercomparison Project (ISI-MIP, www.isi-mip.org), which bias-corrected the latest CMIP5 climate data (Taylor et al. 2011). Crop yield impacts cover scenarios with and without CO2 fertilization as well as different Representative Concentration Pathways (RCPs) and different GCMs. With increasing temperature towards the end of the century yields generally decrease in tropical and subtropical regions, while they tend to benefit in higher latitudes. LPJmL results have been compared to other global crop models in the Agricultural Model Intercomparison and Improvement Project (AgMIP, www.agmip.org). Second, changes in crop yields are analysed with the spatially explicit agro-economic model MAgPIE, which covers their interaction with economic development and changes in food demand. Changes in prices as well as welfare changes of producer and consumer surplus are taken as economic indicators. Due to climate-change related reductions in

  11. Information and communication technology use and economic growth.

    Science.gov (United States)

    Farhadi, Maryam; Ismail, Rahmah; Fooladi, Masood

    2012-01-01

    In recent years, progress in information and communication technology (ICT) has caused many structural changes such as reorganizing of economics, globalization, and trade extension, which leads to capital flows and enhancing information availability. Moreover, ICT plays a significant role in development of each economic sector, especially during liberalization process. Growth economists predict that economic growth is driven by investments in ICT. However, empirical studies on this issue have produced mixed results, regarding to different research methodology and geographical configuration of the study. This paper examines the impact of Information and Communication Technology (ICT) use on economic growth using the Generalized Method of Moments (GMM) estimator within the framework of a dynamic panel data approach and applies it to 159 countries over the period 2000 to 2009. The results indicate that there is a positive relationship between growth rate of real GDP per capita and ICT use index (as measured by the number of internet users, fixed broadband internet subscribers and the number of mobile subscription per 100 inhabitants). We also find that the effect of ICT use on economic growth is higher in high income group rather than other groups. This implies that if these countries seek to enhance their economic growth, they need to implement specific policies that facilitate ICT use.

  12. Income taxes, public fiscal policy and economic growth

    Directory of Open Access Journals (Sweden)

    Tomasz Wołowiec

    2014-12-01

    Full Text Available The main goal of this article is to find the relationship between public fiscal policy and economic growth. The article consist of a few parts. The first is an introduction, which creates the background for the analysis in the following sections. It shows the main point of view on public fiscal policy especially in the case of personal income tax and creates a framework for the analysis of the relationship between taxation and economic growth. The second part focuses on the relations between central government decisions on taxation and its influence on savings, investments and economic growth. In this part we will find selected analyses of the impact of taxes on economic growth based on the examples of OECD countries. Finally, the last part of the work is a study on fiscal level and tax system structures and economic growth. In this part the authors checks two points of view on taxation. The first is that a low level tax burden is conducive to economic growth, and the second emphasizes negative consequences of decreasing budget tax revenues. The article shows both theoretical and empirical points of view on taxation and influence of government taxation decisions on the economy.

  13. Information and communication technology use and economic growth.

    Directory of Open Access Journals (Sweden)

    Maryam Farhadi

    Full Text Available In recent years, progress in information and communication technology (ICT has caused many structural changes such as reorganizing of economics, globalization, and trade extension, which leads to capital flows and enhancing information availability. Moreover, ICT plays a significant role in development of each economic sector, especially during liberalization process. Growth economists predict that economic growth is driven by investments in ICT. However, empirical studies on this issue have produced mixed results, regarding to different research methodology and geographical configuration of the study. This paper examines the impact of Information and Communication Technology (ICT use on economic growth using the Generalized Method of Moments (GMM estimator within the framework of a dynamic panel data approach and applies it to 159 countries over the period 2000 to 2009. The results indicate that there is a positive relationship between growth rate of real GDP per capita and ICT use index (as measured by the number of internet users, fixed broadband internet subscribers and the number of mobile subscription per 100 inhabitants. We also find that the effect of ICT use on economic growth is higher in high income group rather than other groups. This implies that if these countries seek to enhance their economic growth, they need to implement specific policies that facilitate ICT use.

  14. Environmental and socio-economic vulnerability of agricultural sector in Armenia.

    Science.gov (United States)

    Melkonyan, Ani

    2014-08-01

    Being a mountainous country, Armenia has undergone different kinds of natural disasters, such as droughts, floods, and storms, which have a direct influence on economy and are expected to occur more frequently in terms of climate change, raising the need to estimate economic vulnerability especially in agricultural sector. Agriculture plays a great role in national economy of Armenia, with 21% share in Gross Domestic Production (GDP). For this reason, the estimation of agricultural resources of the country, their vulnerability towards current and future climate, and assessment of economical loss of the agricultural crop production due to climate change are the main goals of the given study. Crop productivity in dependence on climatic elements - temperature, radiation, precipitation, wind field, etc. has been estimated, further on interpolating these relations for future climate conditions using climate projections in the region for the time period of 2011-2040. Data on air temperature, precipitation, relative humidity, wind speed and direction for the period of 1966-2011 have been taken from 30 stations from the measuring network of Armenian State Hydrometeorological Service. Other climatic parameters like potential and actual evapotranspiration, soil temperature and humidity, field capacity, and wilting point have been calculated with the help of an AMBAV/AMBETTI (agroclimatic) model (German Weather Service). The results showed that temperature increase accompanied with evapotranspiration increase and water availability decrease especially in low and mid-low altitudes (where the main national crop production is centralized) caused a significant shift in the phenological phases of crops, which is very important information for effective farming dates, giving an opportunity to raise efficiency of agricultural production through minimizing the yield loss due to unfavorable climatic conditions. With the help of macroeconomical analysis of the crop market, it was

  15. Gender Factors and Inclusive Economic Growth: The Silent Revolution

    Directory of Open Access Journals (Sweden)

    Laura Cabeza-García

    2018-01-01

    Full Text Available The gender factors that trigger economic growth in both high- and low-income countries were investigated in this study. To address these gender factors, four characteristic dimensions of gender inclusion were considered: education, access to the labor market, fertility, and democracy. The relationship between economic growth and gender factors was analyzed in a sample of 127 countries. Value and robustness were added to the results using dynamic models applied to panel data while accounting for endogeneity. We conclude that high fertility in women has negative effects on economic growth. However, when women have greater access to secondary education and the labor market in conditions of equality, the effects are positive. Similarly, the access of women to active political participation has significant effects on economic growth. Overall, this study helps identify which gender factors may promote inclusive economic growth, which is economic growth achieved when both men and women are incorporated in equal conditions.

  16. The economics of hybrid power systems for sustainable desert agriculture in Egypt

    DEFF Research Database (Denmark)

    Kamel, S.M.; Dahl, C.

    2005-01-01

    Egypt has embarked on an ambitious desert land reclamation program in order to increase total food production. Energy planners for these desert agriculture locations have chosen diesel generation power technology because minimization of the initial capital cost of a power supply system is their top...... priority. This heavy reliance on diesel generation has negative effects on the surrounding environment including soil, groundwater, and air pollution. Although good solar and wind resource prospects exist for the use of cleaner hybrid power systems in certain desert locations, little research has been done...... to investigate the economic potential of such systems in Egypt’s desert agriculture sector. Using optimization software, we assess the economics of hybrid power systems versus the present diesel generation technology in a remote agricultural development area. We also consider the emission reduction advantages...

  17. Parameters of Economic Growth in Kosovo

    Directory of Open Access Journals (Sweden)

    Shkumbin Misini

    2016-01-01

    Full Text Available This paper analysis the macroeconomic components that influenced macroeconomic growth in a country, more concretely, the focus will be on the measurement of components that affected economic growth under nominal GDP, in Kosovo. We intend to found out which component of nominal GDP has the biggest and the lowest influence on economic growth. Thus, in order to measure it, GDP components must be analysed: consumption measurement, investments measurement, government expenditures measurement and export measurement. These parameters will be measured by analysing their importance in relation to one another, and the major influence on the growth of nominal GDP. The paper includes a graphic analysis of nominal GDP in relation to consumption, investments, governmental expenses and export.

  18. Public Debt, Corruption and Sustainable Economic Growth

    Directory of Open Access Journals (Sweden)

    Eunji Kim

    2017-03-01

    Full Text Available There are many studies that look into the relationship between public debt and economic growth. It is hard to find, however, research addressing the role of corruption between these two variables. Noticing this vacancy in current literature, we strive to investigate the effect of corruption on the relationship between public debt and economic growth. For this purpose, the pooled ordinary least squares (OLS, fixed effects models and the dynamic panel generalized method of moments (GMM models (Arellano-Bond, 1991 are estimated with data of 77 countries from 1990 to 2014. The empirical results show that the interaction term between public debt and corruption is statistically significant. This confirms the hypothesis that the effect of public debt on economic growth is a function of corruption. The sign of the marginal effect is negative in corrupt countries, but public debt enhances economic growth within countries that are not corrupt, i.e., highly transparent.

  19. Financial Development Following Economic Growth: The Chinese Case

    Directory of Open Access Journals (Sweden)

    Chan il Park

    2003-06-01

    Full Text Available The purpose of this paper is to investigate the relationship between financial development and economic growth based on Chinese experiences during the period of 1979~2000. This study places more emphasis on the causality running from economic growth to financThe purpose of this paper is to investigate the relationship between financial development and economic growth based on Chinese experiences during the period of 1979~2000. This study places more emphasis on the causality running from economic growth to financial development contrary to the mainstream view, which asserts that the well-functioning financial systems exert a large positive impact on economic growth via two channels- capital accumulation and technological innovations. The reverse causality is postulated by considering two factors in developments of the country's financial system. Firstly, this paper argues that the rapid accumulation of financial assets and the remarkable expansion of the financial system during the examined period are due primarily to income rises and changes in industrial structures rather than inefficient financial reforms. Secondly, it is recognized in this study that various financial reform measures undertaken by the state since 1994 are emerged endogenously in response to Chinese financial disorders and macroeconomic imbalances built up during the 1979~93 period. This line of thinking is not following the mainstream view in which financial reforms are regarded as policy variables (or exogenous variables in promoting economic growth. These two factors imply that the causality may run from economic growth to financial development at least in China.

  20. Sociopolitical Instability and Economic Growth Empirical Evidence from Sri Lanka

    OpenAIRE

    Changsheng Xu; Santhirasegaram Selvarathinam; Wen X. Li

    2007-01-01

    Sociopolitical instability severely affects economic growth in short and long run. This study analyzes that sociopolitical instability measured by proxy measure; annual growth rate of tourist arrivals in Sri Lanka during 1960-2005 adversely affects economic growth. Our empirical findings based on ordinary lease square econometric estimation, show that sociopolitical instability negatively and significantly affect economic growth. Reduction of economic growth rate (-0.032) due to the sociopoli...

  1. Nigerian population growth and its implications for economic development.

    Science.gov (United States)

    Okpala, A O

    1990-12-01

    The population of Nigeria is growing at a rate of 3.75%/year indicating a doubling of the population every 22 years. Demographers estimated the population to be 91,178,000 in 1985. Even though population density is high (288 people/square mile), it is not equally distributed. It is highest in the south and southwest urban areas such as Lagos (1045 people/square mile) and lowest in the northeast (75 people/square mile). Moreover rural-urban migration is growing. A major reason for rural-urban migration is the dual nature of the economy in Nigeria. In urban areas, economic development brings about higher standards of living, but, in rural areas, a subsistence economy predominates. This coupled with rapid population growth results in small or no growth in per capita income. Only if the government were to integrate redistribution policies into complete economic development plans should it consider redistributing the population. It should stress rural development (e.g., incentives for firms to set up in rural areas). Further it should move some government offices to rural areas. The government also needs to adopt population policies encouraging the lowering of fertility levels. If it were to provide education through the secondary and prevocational education level free of charge, educated women will lower their fertility. Sex education should be included in the curriculum. Further the government must play an active role in family planning programs, especially educating rural women about family planning. It should also use the mass media to promote small family size, but it should not dictate family size. It also needs to recognize that population growth puts much pressure on the environment. For example, population growth causes soil erosion, nutrient exhaustion, rapid deforestation, and other problems which render the land unusable for agriculture.

  2. Economic evaluation of GPS technology in Serbian agriculture

    Directory of Open Access Journals (Sweden)

    Marković Dragan

    2013-01-01

    Full Text Available This paper examined the level of savings in the application of the most modern technical systems for satellite guidance and control over performing agricultural operations throughout the season. The exemplary property was Agricultural Corporation Belgrade (PKB, which covers about 21.000 hectares of arable land. The effects of plot shape and direction of movement of tractor-attachment units in calculating the savings from reduced overlapping of adjacent passes were studied. The analysis was carried out of savings per crop (maize, wheat, soybean, sugar beet and alfalfa and the operations for each crop separately, based on the manufacturing technology applied to an exemplary property. Detailed data are shown only for wheat and barley. Comparing the achieved level of savings, the application of guidance for the type of the most economically viable operations was found as well as the needed equipment level of guidance devices and management. In particular, the analysis involved the functional dependence of the economic savings in fuel and inputs for the operations such as mineral fertilizers distribution and chemical plant protection. Tabulated are the data estimates for the degree of anticipated savings for operations related to the five analyzed crops.

  3. 76 FR 62755 - National Agricultural Research, Extension, Education, and Economics Advisory Board Meeting Notice

    Science.gov (United States)

    2011-10-11

    ... structure of the Agricultural Research Service, Economic Research Service, National Agricultural Statistics... the full Advisory Board will convene at 8 a.m. with introductory remarks by the Chair of the Advisory... also include a discussion on the impact of National Agricultural Statistic Service reports on grain...

  4. The South African tax mix and economic growth

    OpenAIRE

    AH de Wet; NJ Schoeman; SF Koch

    2014-01-01

    The research reported in this paper suggests that government fiscal policy can influence economic growth through alterations in the tax mix and the overall size of government spending.   The authors estimate the impact on economic growth of changes in fiscal policy via government expenditure, direct taxation and indirect taxation.  The results show that economic growth is negatively affected by increases in the size of government, as reflected in its expenditures and direct tax revenues, alth...

  5. FINANCIAL INTERMEDIATION, ENTREPRENEURSHIP AND ECONOMIC GROWTH

    OpenAIRE

    Wenli Cheng

    2007-01-01

    This paper presents a simple general equilibrium model of financial intermediation, entrepreneurship and economic growth. In this model, the role of financial intermediation is to pool savings and to lend the pooled funds to an entrepreneur, who in turn invests the funds in a new production technology. The adoption of the new production technology improves individual real income. Thus financial intermediation promotes economic growth through affecting individuals’ saving behaviour and enabl...

  6. Energy consumption and total factor productivity growth in Iranian agriculture

    Directory of Open Access Journals (Sweden)

    Reza Moghaddasi

    2016-11-01

    Full Text Available In this study we investigated the relation between energy consumption and growth of total factor productivity (TFP of agriculture in Iran from 1974 to 2012 using Solow residual method. The results from estimated aggregate Cobb–Douglas production function showed that one percent change in the value of labor, capital and energy will lead to 4.07, 0.09 and 0.49 percent change in agriculture value added, respectively. Also in a long term, based on the Johansen cointegration test, there is a negative relation between TFP growth and energy consumption in Iranian agriculture which might be due to cheap and inefficient energy use in this sector. Gradual liberalization of energy price and use of so called green box support policies is recommended.

  7. Economic Growth and Sustainable Housing: An Uneasy Relationship

    DEFF Research Database (Denmark)

    Buch-Hansen, Hubert

    2017-01-01

    Book review of: "Economic Growth and Sustainable Housing: An Uneasy Relationship" by Jin Xue (Routledge, 2014)......Book review of: "Economic Growth and Sustainable Housing: An Uneasy Relationship" by Jin Xue (Routledge, 2014)...

  8. Nuclear energy consumption and economic growth in nine developed countries

    International Nuclear Information System (INIS)

    Wolde-Rufael, Yemane; Menyah, Kojo

    2010-01-01

    This article attempts to test the causal relationship between nuclear energy consumption and real GDP for nine developed countries for the period 1971-2005 by including capital and labour as additional variables. Using a modified version of the Granger causality test developed by Toda and Yamamoto (1995), we found a unidirectional causality running from nuclear energy consumption to economic growth in Japan, Netherlands and Switzerland; the opposite uni-directional causality running from economic growth to nuclear energy consumption in Canada and Sweden; and a bi-directional causality running between economic growth and nuclear energy consumption in France, Spain, the United Kingdom and the United States. In Spain, the United Kingdom and the USA, increases in nuclear energy consumption caused increases in economic growth implying that conservation measures taken that reduce nuclear energy consumption may negatively affect economic growth. In France, Japan, Netherlands and Switzerland increases in nuclear energy consumption caused decreases in economic growth, suggesting that energy conservation measure taken that reduce nuclear energy consumption may help to mitigate the adverse effects of nuclear energy consumption on economic growth. In Canada and Sweden energy conservation measures affecting nuclear energy consumption may not harm economic growth.

  9. Further evidence on the relationship between economic freedom and economic growth

    NARCIS (Netherlands)

    De Haan, J; Siermann, CLJ

    Often it is maintained that economic freedom may further high levels of economic growth. Using various measures of economic freedom constructed by Scully and Slottje, the robustness of this relationship is examined. Both direct and indirect effects of lack of liberties are analysed. Our main

  10. Economic Dimensions of Urban Agriculture in the Context of Urban ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Economic Dimensions of Urban Agriculture in the Context of Urban Poverty ... price crisis and the threat of climate change to traditional sources of food security. ... its 2017 call for proposals to establish Cyber Policy Centres in the Global South.

  11. The Refund of Social Insurance Contributions of Disabled Persons Conducting Non-agricultural Economic Activity

    OpenAIRE

    Marzena Szabłowska-Juckiewicz

    2014-01-01

    Disabled persons conducting non-agricultural economic activity may apply for the refund of social insurance contributions from the State Fund for Rehabilitation of the Disabled Persons. The exception to the general rule of financing social insurance contributions of persons conducting non-agricultural economic activity by the insured persons themselves, entirely from their own funds, constitutes one of the instruments introduced by the law-maker to enhance vocational activation of disabled pe...

  12. Linking Ethics and Economic Growth

    DEFF Research Database (Denmark)

    Foss, Nicolai Juul

    2012-01-01

    Hunt (2012) builds on his work concerning ethics and resource-advantage theory to link personal ethical standards, societal norms, and economic growth but offers few details concerning the precise mechanisms that link ethics and growth. This comment suggests a number of such mechanisms – for exam...... – for example, the influence of prevailing ethical norms on the aggregate elasticity of substitution and, therefore, total factor productivity and growth....

  13. Money Supply, Interest Rate, and Economic Growth in Cameroon: A ...

    African Journals Online (AJOL)

    Money Supply, Interest Rate, and Economic Growth in Cameroon: A Time Series ... the impacts of money and interest rate on economic growth and development. ... Money Supply, Interest Rates, Economic growth, Co-integration and Inflation.

  14. Economic growth in a politically fragmented world

    Czech Academy of Sciences Publication Activity Database

    Jeong, Byeongju

    2014-01-01

    Roč. 42, č. 2 (2014), s. 402-416 ISSN 0147-5967 Institutional support: RVO:67985998 Keywords : economic integration * economic growth * intergenerational bargain Subject RIV: AH - Economics Impact factor: 1.170, year: 2014

  15. Institutions, Entrepreneurship, and Economic Growth

    DEFF Research Database (Denmark)

    Bjørnskov, Christian; Foss, Nicolai Juul

    2016-01-01

    sample limitations, omitted variable biases, causality issues, and response heterogeneity. We argue that theories in management research, such as the resource-based view, transaction cost economics, and strategic entrepreneurship theory, can fill some of the conceptual and theoretical gaps.......We review the literature that links institutions, entrepreneurship, and economic growth outcomes, focusing in particular on empirical research. Most of the literature has an economics orientation, but we also review relevant literature from other social sciences, including management research...

  16. Revitalization of plant growth promoting rhizobacteria for sustainable development in agriculture.

    Science.gov (United States)

    Gouda, Sushanto; Kerry, Rout George; Das, Gitishree; Paramithiotis, Spiros; Shin, Han-Seung; Patra, Jayanta Kumar

    2018-01-01

    The progression of life in all forms is not only dependent on agricultural and food security but also on the soil characteristics. The dynamic nature of soil is a direct manifestation of soil microbes, bio-mineralization, and synergistic co-evolution with plants. With the increase in world's population the demand for agriculture yield has increased tremendously and thereby leading to large scale production of chemical fertilizers. Since the use of fertilizers and pesticides in the agricultural fields have caused degradation of soil quality and fertility, thus the expansion of agricultural land with fertile soil is near impossible, hence researchers and scientists have sifted their attention for a safer and productive means of agricultural practices. Plant growth promoting rhizobacteria (PGPR) has been functioning as a co-evolution between plants and microbes showing antagonistic and synergistic interactions with microorganisms and the soil. Microbial revitalization using plant growth promoters had been achieved through direct and indirect approaches like bio-fertilization, invigorating root growth, rhizoremediation, disease resistance etc. Although, there are a wide variety of PGPR and its allies, their role and usages for sustainable agriculture remains controversial and restricted. There is also variability in the performance of PGPR that may be due to various environmental factors that might affect their growth and proliferation in the plants. These gaps and limitations can be addressed through use of modern approaches and techniques such as nano-encapsulation and micro-encapsulation along with exploring multidisciplinary research that combines applications in biotechnology, nanotechnology, agro biotechnology, chemical engineering and material science and bringing together different ecological and functional biological approaches to provide new formulations and opportunities with immense potential. Copyright © 2017 Elsevier GmbH. All rights reserved.

  17. Models of the Economic Growth and their Relevance

    Directory of Open Access Journals (Sweden)

    Nicolae MOROIANU

    2012-06-01

    Full Text Available Until few years ago, the economic growth was something perfect normal, part of an era marked by the transformation speed. Normality itself has been transformed and we currently are influenced by other rules, unknown yet, which should answer the question: “How do we return to the economic growth?” The economic growth and the models aiming to solve this problem concern the economic history even since its beginnings. In this paper we would like to find out what is the relevance that the well-known macroeconomic models still have and which might be their applicability level in a framework created by a black swan event type.

  18. Value function in economic growth model

    Science.gov (United States)

    Bagno, Alexander; Tarasyev, Alexandr A.; Tarasyev, Alexander M.

    2017-11-01

    Properties of the value function are examined in an infinite horizon optimal control problem with an unlimited integrand index appearing in the quality functional with a discount factor. Optimal control problems of such type describe solutions in models of economic growth. Necessary and sufficient conditions are derived to ensure that the value function satisfies the infinitesimal stability properties. It is proved that value function coincides with the minimax solution of the Hamilton-Jacobi equation. Description of the growth asymptotic behavior for the value function is provided for the logarithmic, power and exponential quality functionals and an example is given to illustrate construction of the value function in economic growth models.

  19. Economic growth in a politically fragmented world

    Czech Academy of Sciences Publication Activity Database

    Jeong, Byeongju

    2014-01-01

    Roč. 42, č. 2 (2014), s. 402-416 ISSN 0147-5967 Institutional support: PRVOUK-P23 Keywords : economic integration * economic growth * intergenerational bargain Subject RIV: AH - Economics Impact factor: 1.170, year: 2014

  20. Size of government and economic growth: A nonlinear analysis

    Directory of Open Access Journals (Sweden)

    Herath Shanaka

    2012-01-01

    Full Text Available The new growth theory establishes, among other things, that government expenditure can manipulate the economic growth of a country. This study attempts to explain whether government expenditure increases or decreases economic growth in the context of Sri Lanka. Results obtained employing a productive output series and applying an analytical framework based on second degree polynomial regression are generally consistent with previous findings: government expenditure and economic growth are positively correlated; excessive government expenditure is negatively correlated with economic growth; and investment promotes growth. In a separate section, the article examines Armey’s idea of a quadratic curve that explains the level of government expenditure in an economy and the corresponding level of economic growth [Armey, D. (1995. The Freedom Revolution. Washington, D.C.: Regnery Publishing Co.]. The findings confirm the possibility of constructing the Armey curve for Sri Lanka, and it estimates the optimal level of government expenditure to be approximately 27%. This article adds to the literature indicating that the Armey curve is a reality not only for developed economies, but also for developing economies.

  1. Financial development and economic growth nexus in Russia

    Directory of Open Access Journals (Sweden)

    Shigeki Ono

    2017-09-01

    Full Text Available This paper examines the finance-growth nexus in Russia with the vector autoregression model, taking oil prices and foreign exchange rates into account. The analyzed period is from 1999 through 2008 (Subperiod 1 and from 2009 through 2014 (Subperiod 2. The results for Subperiod 1 suggest that there is causality from economic growth to money supply and bank lending, which implies demand-following responses. The results for Subperiod 2 show that economic growth Granger causes bank lending while there is no causality from money supply to economic growth, which could be related to the dramatic decrease in the amount of intervention in foreign exchange markets.

  2. Directed Technical Change and Economic Growth Effects of Environmental Policy

    DEFF Research Database (Denmark)

    Kruse-Andersen, Peter Kjær

    2016-01-01

    A Schumpeterian growth model is developed to investigate how environmental policy affects economic growth when environmental policy also affects the direction of technical change. In contrast to previous models, production and pollution abatement technologies are embodied in separate intermediate...... unambiguously directs research efforts toward pollution abatement technologies and away from production technologies. This directed technical change reduces economic growth and pollution emission growth. Simulation results indicate that even large environmental policy reforms have small economic growth effects....... However, these economic growth effects have relatively large welfare effects which suggest that static models and exogenous growth models leave out an important welfare effect of environmental policy....

  3. EFFECTS OF THE ECONOMIC FREEDOMS ON THE ECONOMIC GROWTH: EVIDENCE FROM THE EU AND COMCEC COUNTRIES (1996-2015

    Directory of Open Access Journals (Sweden)

    HALİL İBRAHİM AYDIN

    2017-06-01

    Full Text Available In this research, the effects of the economic freedoms on the economic growth for EU and COMCEC countries at different development/income level are econometrically analyzed via panel data analysis for the period of 1996- 2014 by being considered the improvement of economic growth theories for the key determinants of economic growth. From this aspect, it is aimed at this research that to evaluate the effects of the economic freedoms on the long termed economic growth performances and income level differences of EU and COMCEC countries which have different statuses in terms of economic freedoms and income level indicators. It is determined at the end of the study that the economic freedoms have a positive and statistically significant effect on the economic growth of EU countries in investigation period, on the other hand, these freedoms have not any effect on the economic growth of COMCEC countries. Moreover, the existence of a one-way causality relation operates from economic freedoms to the economic growth in EU countries is specified while there is any causality link found between these freedoms and the economic growth for the countries in COMCEC group. All these results indicate that also the economic freedoms besides the physical human capital accumulation, in other words, whether the EU and COMCEC countries have a market economy adopts outward-oriented liberal fiscal policies plays a major role in differentiating the income levels or the economic growth performances.

  4. Economic Assessment of Palm Oil Processing in Owerri Agricultural ...

    African Journals Online (AJOL)

    The study was on economic analysis of palm oil processing in Owerri Agricultural zone of Imo State, it was designed to determine the costs and returns of palm oil processing in the area of study. Seventy five (75) palm oil processors were randomly sampled from the study location and a structured interview schedule was ...

  5. Role of vaccination in economic growth.

    Science.gov (United States)

    Quilici, Sibilia; Smith, Richard; Signorelli, Carlo

    2015-01-01

    The health of a population is important from a public health and economic perspective as healthy individuals contribute to economic growth. Vaccination has the potential to contribute substantially to improving population health and thereby economic growth. Childhood vaccination programmes in Europe can offer protection against 15 important infectious diseases, thus preventing child fatalities and any serious temporary and permanent sequelae that can occur. Healthy children are more able to participate in education, thus preparing them to become healthy and productive adults. Vaccination programmes can also prevent infectious diseases in adolescents, thus allowing them to continue their development towards a healthy adulthood. Protecting adults against infectious diseases ensures that they can fully contribute to productivity and economic development by avoiding sick leave and lower productivity. Vaccination in older adults will contribute to the promotion of healthy ageing, enabling them to assist their familiy with, for instance, childcare, and also help them avoid functional decline and the related impacts on health and welfare expenditure. Effective vaccination programmes for all ages in Europe will thus contribute to the European Union's 2020 health and economic strategies. Indeed, beyond their impact on healthcare resources and productivity, reductions in mortality and morbidity also contribute to increased consumption and gross domestic product. Therefore, assessment of the value of vaccines and vaccination needs to consider not just the direct impact on health and healthcare but also the wider impact on economic growth, which requires a macroeconomic analysis of vaccination programmes.

  6. PRODUCTION, ECONOMIC AND ENVIRONMENTAL EFFECTS OF AGRICULTURAL BIOGAS PLANT IN KOSTKOWICE

    Directory of Open Access Journals (Sweden)

    Karol Węglarzy

    2017-06-01

    Full Text Available This paper presents the economic and ecological effect of Kostkowice Agricultural biogas plant based on a four year study carried out on the prototype installation. Agricultural biogas plant is part of the nature of the research conducted for twenty years at the National Research Institute of Animal PIB Experimental Station. Prof. Mieczyslaw Czaja relates to various aspects of environmental protection. It describes the economic justification for the production of energy from waste biomass (manure, slurry, wastes from feeding table, by the characteristics of substrates and products. It was found that agricultural biogas plant in rural areas are an important link in energy security, mainly due to the very high availability. Ecological effect is presented as effect of the installation solutions for the reduction of pollution of water, soil and air. Reducing greenhouse gas emissions through the recycling of environmentally harmful by-products of animal production of electricity and thermal energy, which is a substitute for environmentally harmful fossil fuels. The advantage of substances digestate is odorless, which is important both in an effort to improve the work culture in agriculture and improving living conditions in rural communities and it is an indisputable argument for the use of biomass for energy purposes.

  7. The Growth Path of Agricultural Labor Productivity in China: A Latent Growth Curve Model at the Prefectural Level

    Directory of Open Access Journals (Sweden)

    Peng Bin

    2016-06-01

    Full Text Available Given the shrinking proportion of agriculture output and the growing mobility of the labor force in China, how agricultural labor productivity develops has become an increasingly attractive topic for researchers and policy makers. This study aims to depict the development trajectory of agricultural labor productivity in China after its WTO entry. Based on a balanced panel data containing 287 Chinese prefectures from 2000 to 2013, this study applies the Latent Growth Curve Model (LGCM and finds that the agricultural labor productivity follows a piecewise growth path with two breaking points in the years of 2004 and 2009. This may stem from some exogenous stimulus, such as supporting policies launched in the breaking years. Further statistical analysis shows an expanding gap of agricultural labor productivity among different Chinese prefectures.

  8. Electricity consumption and economic growth in seven South American countries

    International Nuclear Information System (INIS)

    Yoo, Seung-Hoon; Kwak, So-Yoon

    2010-01-01

    This paper attempts to investigate the causal relationship between electricity consumption and economic growth among seven South American countries, namely Argentina, Brazil, Chile, Columbia, Ecuador, Peru, and Venezuela using widely accepted time-series techniques for the period 1975-2006. The results indicate that the causal nexus between electricity consumption and economic growth varies across countries. There is a unidirectional, short-run causality from electricity consumption to real GDP for Argentina, Brazil, Chile, Columbia, and Ecuador. This means that an increase in electricity consumption directly affects economic growth in those countries. In Venezuela, there is a bidirectional causality between electricity consumption and economic growth. This implies that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption in that country. However, no causal relationships exist in Peru. The documented evidence from seven South American countries can provide useful information for each government with regard to energy and growth policy.

  9. The Contribution of Population Health and Demographic Change to Economic Growth in China and India

    Science.gov (United States)

    Bloom, David E.; Canning, David; Hu, Linlin; Liu, Yuanli; Mahal, Ajay; Yip, Winnie

    2010-01-01

    We find that a cross-country model of economic growth successfully tracks the growth takeoffs in China and India. The major drivers of the predicted takeoffs are improved health, increased openness to trade, and a rising labor force-to-population ratio due to fertility decline. We also explore the effect of the reallocation of labor from low-productivity agriculture to the higher-productivity industry and service sectors. Including the money value of longevity improvements in a measure of full income reduces the gap between the magnitude of China's takeoff relative to India's due to the relative stagnation in life expectancy in China since 1980. PMID:20419074

  10. Competitiveness and Economic Growth in Romanian Regions

    Directory of Open Access Journals (Sweden)

    Simionescu Mihaela

    2016-12-01

    Full Text Available Considering the fact that Romanian economy competitiveness is not based on innovation and investment in human capital, this study makes an empirical evaluation of the impact of occupation and unemployment in Romanian counties on the economic growth. The approach based on panel vector-autoregressive (panel VAR models indicated a negative impact of occupation and activity rate in 42 Romanian counties on the economic growth during 2006-2014. On the other hand, the real economic growth was achieved at high unemployment rates. These results are contrary to previous studies in literature and are due to a structural economic crisis and to lack of labour productivity and investment in human capital. Further policy measures should focus on structural unemployment decrease, more skilled labour force according to labour market needs, lifelong learning, higher performance and quality of education system, promotion of social inclusion, poverty control.

  11. 77 FR 58978 - Notice of the National Agricultural Research, Extension, Education, and Economics Advisory Board...

    Science.gov (United States)

    2012-09-25

    ..., Extension, Education, and Economics Advisory Board Meeting AGENCY: Research, Education, and Economics, USDA... Research, Extension, Education, and Economics Advisory Board. DATES: The National Agricultural Research, Extension, Education, and Economics Advisory Board will meet October 23-25, 2012. The public may file...

  12. [The decline in population growth, income distribution, and economic recession].

    Science.gov (United States)

    Banguero, H

    1983-05-01

    provided to 3 productive sectors: traditional agriculture, small factories producing mass consumption goods, and construction of low income housing. The strategy would promote economic growth and expansion without further deterioration of income distribution, employment, and price stability. A simulation study demonstrated the advantages of such a strategy in relation to alternative strategies.

  13. The South African tax mix and economic growth

    Directory of Open Access Journals (Sweden)

    AH de Wet

    2014-10-01

    Full Text Available The research reported in this paper suggests that government fiscal policy can influence economic growth through alterations in the tax mix and the overall size of government spending.   The authors estimate the impact on economic growth of changes in fiscal policy via government expenditure, direct taxation and indirect taxation.  The results show that economic growth is negatively affected by increases in the size of government, as reflected in its expenditures and direct tax revenues, although significant indirect tax effects are not found.

  14. Financial Management and Economic Growth: The European Countries Experience

    Directory of Open Access Journals (Sweden)

    Nuno Carlos LEITÃO

    2012-12-01

    Full Text Available The purpose of this research is to investigate the impact of financial development on economic growth applied to European Countries. The initial GDP per capita is negatively correlated with growth of real GDP per capita. Our study shows that there is convergence within European Countries for the period 1990-2009. This paper confirms relevant theoretical hypothesis as international trade and saving encourage the economic growth. The inflation has a negative impact on economic growth as previous studies.

  15. The Relationship Among Poverty, Economic Growth, and Inequality Revisited

    OpenAIRE

    Lonnie K. Stevans; David N. Sessions

    2008-01-01

    It has been shown in prior research that increased economic growth reduces poverty. Authors have also found that the effect of growth in Gross Domestic Product (GDP) on poverty growth has either diminished or remained unchanged over time, and economic expansion in the 1980s in the United States had no affect on poverty. Using a formal error-correction model, we find that increases in economic growth are significantly related to reductions in the poverty rate for all families. Specifically, GD...

  16. The assessing the economic stability of the agricultural organizations of the Kemerovo region

    Directory of Open Access Journals (Sweden)

    Sekacheva Vera Mikhailovna

    2014-08-01

    Full Text Available The main aspects of the essence of economic stability analyzed in this article. The authors define the concept, the problems and the basic criteria for assessing the economic sustainability of the agricultural organizations of the Kemerovo region.

  17. Ethical, social, environmental and economic issues in animal agriculture

    Energy Technology Data Exchange (ETDEWEB)

    Kesavan, P C; Swaminathan, M S [Research Foundation, Third Cross Street, Taramani Institutional Area, Chennai - 600 113 (India); net, mssrfed@vsnl

    2003-07-01

    environmental balance and social harmony with the forest, coastal and hill communities of various regions of India. The ethical issues from a technological point of view centre around both gene-based and nongene- based technologies to improve the nutrition, health and productivity of the farm animals. In particular, a reference needs to be made to bovine somatotropin (bST), a natural growth hormone secreted by the anterior pituitary in all animals, with a major effect on the regulation of growth and also milk production. Since the quantities of bST obtained from slaughtered animals are quite small, recombinant DNA technology-based r-bST is produced, and widely used in the USA to increase the milk production by 10% to 20%. Exhaustive evaluation tests conducted in the USA have shown that r-bST has no harmful effects in milk, but a high production of milk makes higher demands on animal physiology, and if an adequate food supply is lacking, negative effects are observed on fertility besides other health problems, especially mastitis and ketosis. Presently, neither r-bST, nor adequate nutritious feed is available for millions of dairy cattle in the developing countries. The economic benefits of 'mass production' over 'production by masses' are obvious; further, the access to the r-bST in the 'mass production' system, but not in the system of 'production by masses' could accentuate the economic disparity. The above-said scenario has further ramifications in view of the implications arising from the WTO-related Agreement on Agriculture. With an array of domestic supports, products of 'mass production' could be dumped into developing countries causing a substantial rise in the already high levels of livelihood and food insecurity. Since the r-DNA based technologies for 'pharming' or for human food are not yet applied to farm animals in the developing countries there are no serious concerns of bio-safety, and violation of ethical norms. In the countries, where animals for human food are

  18. Investigating Low-Carbon Agriculture: Case Study of China’s Henan Province

    Directory of Open Access Journals (Sweden)

    Min Su

    2017-12-01

    Full Text Available Developing low-carbon agriculture requires investigating the trajectory, decoupling statuses, and driving forces of agricultural carbon emissions. This study explored the evolution of agricultural carbon emissions based on 18 kinds of major carbon emission sources in Henan Province of China, which produces approximately one-tenth of China’s total grain output. We then analyzed the relationship between carbon emissions and economic growth using the decoupling elasticity model, and identified the factors driving the decoupling status. This analysis was done with a decoupling elasticity model, using the Logarithmic Mean Divisia Index technique. There were three key results: (1 Agricultural carbon emissions totaled 16.61 million tons in 1999, and increased by 7.99% to 17.93 million tons in 2014, with an average growth rate of approximately 0.65%; (2 The decoupling relationship between agricultural carbon emissions and economic output was dominated by weak decoupling during the study period; (3 Agricultural labor productivity was the leading contributor to changes in agricultural carbon emissions, followed by farming-animal husbandry carbon intensity, labor, and agricultural structure.

  19. Macroeconomic Determinants of Economic Growth: A Review of International Literature

    Directory of Open Access Journals (Sweden)

    Chirwa Themba G.

    2016-12-01

    Full Text Available The paper conducts a qualitative narrative appraisal of the existing empirical literature on the key macroeconomic determinants of economic growth in developing and developed countries. Much as other empirical studies have investigated the determinants of economic growth using various econometric methods, the majority of these studies have not distinguished what drives or hinders economic growth in developing or developed countries. The study finds that the determinants of economic growth are different when this distinction is used. It reveals that in developing countries the key macroeconomic determinants of economic growth include foreign aid, foreign direct investment, fiscal policy, investment, trade, human capital development, demographics, monetary policy, natural resources, reforms and geographic, regional, political and financial factors. In developed countries, the study reveals that the key macroeconomic determinants that are associated with economic growth include physical capital, fiscal policy, human capital, trade, demographics, monetary policy and financial and technological factors.

  20. An economic theory-based explanatory model of agricultural land-use patterns: The Netherlands as a case study

    NARCIS (Netherlands)

    Diogo, V.; Koomen, E.; Kuhlman, T.

    2015-01-01

    An economic theory-based land-use modelling framework is presented aiming to explain the causal link between economic decisions and resulting spatial patterns of agricultural land use. The framework assumes that farmers pursue utility maximisation in agricultural production systems, while

  1. 77 FR 11064 - National Agricultural Research, Extension, Education, and Economics Advisory Board Notice of Meeting

    Science.gov (United States)

    2012-02-24

    ..., Education, and Economics Advisory Board Notice of Meeting AGENCY: Research, Education, and Economics, USDA... Research, Extension, Education, and Economics Advisory Board. DATES: The National Agricultural Research, Extension, Education, and Economics Advisory Board will meet March 28-29, 2012. The public may file written...

  2. Political Instability and Economic Growth

    OpenAIRE

    Alberto Alesina; Sule Ozler; Nouriel Roubini; Phillip Swagel

    1992-01-01

    This paper investigates the relationship between political instability and per capita GDP growth in a sample of 113 countries for the period 1950-1982. We define ?political instability? as the propensity of a government collapse, and we estimate a model in which political instability and economic growth are jointly determined. The main result of this paper is that in countries and time periods with a high propensity of government collapse, growth is significantly lower than otherwise. This ef...

  3. Sri Lanka : Promoting Agricultural and Rural Non-farm Sector Growth, Volume 1. Main Report

    OpenAIRE

    World Bank

    2003-01-01

    Economic development has brought about, the decline in contribution of the agricultural sector to the economy of Sri Lanka, and, consistent with this economic transformation, the structure of employment also changed. Thus, as labor migrates away from agriculture, the productivity, for those who remain in the land, needs to increase significantly. This report examines the constraints to pro...

  4. Economic Growth, Climate Change, and Obesity.

    Science.gov (United States)

    Minos, Dimitrios; Butzlaff, Iris; Demmler, Kathrin Maria; Rischke, Ramona

    2016-12-01

    Human and planetary health as well as economic growth are firmly interlinked and subject to complex interaction effects. In this paper, we provide an overview of interlinkages between economic growth, climate change, and obesity focusing on recent advances in the literature. In addition to empirical findings, we discuss different theoretical frameworks used to conceptualize these complex links and highlight policy options and challenges. We conclude that policies addressing both climate change and obesity simultaneously are particularly promising and often suitable for ensuring sustainable development.

  5. Economic Growth and Expansion of China’s Urban Land Area: Evidence from Administrative Data and Night Lights, 1993–2012

    Directory of Open Access Journals (Sweden)

    John Gibson

    2014-11-01

    Full Text Available The relationship between economic growth, expansion of urban land area and the broader issue of cultivated land conversion in China has been closely examined for the late 1980s and 1990s. Much less is known about recent urban expansion and if the effects of economic growth on this expansion have changed over time. This paper updates estimates of urban expansion for China and examines the relationship with city economic growth for 1993–2012. To see if patterns are robust to different types of evidence, administrative data on the area of 225 urban cores are compared to estimates of brightly lit areas from remotely sensed night lights. The trend annual expansion rate in lit area is 8% and was significantly faster in the decade to 2002 than in the most recent decade. Expansion is slower according to administrative data, at just 5% per annum, with no change in unconditional expansion rates between decades, while conditional expansion rates have declined. The elasticity of area with respect to city economic output is about 0.3. Over time, expansion of urban land area is becoming less responsive to the growth of the local non-agricultural population.

  6. Agricultural productivity growth and technology progress in ...

    African Journals Online (AJOL)

    The goal of this investigation was to analyze the impact of some variables of production(input) on agricultural productivity growth (output) in China over the period 1989-2002. To this aim, Cobb-Douglas function has been used. The methodology used in this study is correct and the resulting conclusion is that labor, capital ...

  7. Business regulation and economic growth in the Western Balkan countries

    Directory of Open Access Journals (Sweden)

    Engjell PERE

    2013-06-01

    Full Text Available Actually economic policies in many countries aimed to stimulate their economic growth, particularly after negative impact of the global economic crisis. In this regards, fiscal regulation are an important aspect of those policies, that can promote or obstacle the economic growth in general. In this point of view this paper aims to analyze the system of administration rules in different Western Balkans Countries, (which includes Albania, Bosnia & Herzegovina, Croatia, Kosovo, Macedonia (FYROM, Montenegro and Serbia. Moreover, a special attention is given investigation of the regulation and administrative facilitation aspects of doing business in the above-mentioned countries, whether this system stimulates, or not, the development of private business and economic growth.The paper is divided into three main sections. The first part provides a retrospective of economic growth in the Western Balkan countries and the dependence of this growth on global economic development. The second part proceeds with the investigations of the impact of administrative regulation on economic growth. The third part, based on an econometric model, will analyze the correlation between economic growth and elaborated indicators which present the level of business administrative regulation system. Furthermore, this last section discusses the results and concludes. In this analysis, the paper is based substantially on the data base of "Doing Business 2013" (World Bank.

  8. The Impact of Regional Disparities on Economic Growth

    Directory of Open Access Journals (Sweden)

    Henryk Gurgul

    2011-01-01

    Full Text Available The authors investigated how economic growth affects the disparity in the distribution of regional income in Poland and vice versa. The research was based on annual data covering the period 2000-2009. In general, the research was divided into two main parts. First, the authors examined the evolution of the level of spatial inequalities in income in Poland over the last decade using the concepts of sigma and beta convergence. Next the nature of causal dependences was investigated between this inequality and economic growth. It was found that Polish regions did not converge with respect to the distribution of income as total GDP grew. The second part of the research provided evidence to claim that this inequality caused growth. Moreover, the evidence was also found that growth affected regional inequality. Finally, the authors noticed that the effects of both these factors were positive. The results suggest that as a consequence of rapid economic growth, some regions in Poland seized new opportunities, while less developed regions were unable to keep up with the challenging requirements of a decade of fast economic growth. (original abstract

  9. Poverty and Economic Growth in Swaziland: An Empirical Investigation

    Directory of Open Access Journals (Sweden)

    Angelique G. Nindi

    2015-03-01

    Full Text Available This paper examines the causal relationship between poverty reduction and economic growth in Swaziland during the period 1980–2011. Unlike some of the previous studies, the current study uses the newly developed ARDL-bounds testing approach to co-integration, and the ECM-based Granger causality method to examine this linkage. The study also incorporates financial development as a third variable affecting both poverty reduction and economic growth – thereby leading to a trivariate model. The results of this study show that economic growth does not Granger cause poverty reduction in Swaziland – either in the short run or in the long run. Instead, the study finds a causal flow from poverty reduction to economic growth in the short run. These findings, however, are not surprising, given the high level of income inequality in Swaziland. Studies have shown that when the level of income inequality is too high, economic growth alone may not necessarily lead to poverty reduction.

  10. Local Decentralisation and Economic Growth in Nigeria

    Directory of Open Access Journals (Sweden)

    Hammed Adetola Adefeso

    2014-06-01

    Full Text Available The current global drive towards devolution of financial resources and responsibilities has been increasingly justified on the basis that greater transfers of these financial resources and responsibilities to sub-central governments are theoretically expected to deliver greater economic efficiency in the provision of public goods and services and hence greater economic growth. There is a mixed result on these theoretical expectations across earlier empirical literatures. Using the instrumental variables (IV technique of analysis with the recent data from Nigeria for the period 1970-2013, this study found no robust significant effect of the decentralisation of spending or revenue on growth of real GDP per capital in Nigeria. The implication of this to the policy makers is that when it comes to the determinants of improved economic activities, decentralisation either fiscal expenditure or revenue side would not be instrumental to economic growth possibly because of existence of endemic corruption among politicians in Nigeria.

  11. Crisis in the habitat of the economic growth monster

    DEFF Research Database (Denmark)

    Urhammer, Emil

    2014-01-01

    This article is inspired by empirical philosophy and provides an analysis of economic growth as a monster that circulates within collectives. Using this approach, I illustrate how economic growth has participated in shaping institutions and language, thus having necessitated its own circulation...... to such an extent that it has become the most prioritised economic policy objective, whereas urgent issues regarding living conditions on Earth are either ignored or treated as secondary priorities. Further, I argue that noble attempts to contest economic growth contribute to the circulation of the monster...

  12. ORGANIZATIONAL AND ECONOMIC MECHANISM ON THE SUSTAINABLE USE STIMULATION OF AGRICULTURAL APPOINTMENT LAND

    Directory of Open Access Journals (Sweden)

    O.P. Atamaniuk

    2017-11-01

    Full Text Available It is well-known that the use of incentives should lead to an improvement of the existing economic, environmental and social status, to raising the level of economic indicators for the benefit of the person who provides incentives and who is the object of stimulation. The current socio-economic conditions dictate the need to find effective forms of land management and rational land use management, correcting mistakes and resolving existing issues. This is possible only after all agricultural land use is fully provided with the necessary land management works. These issues can be solved by implementing the planning documents for the development of territories (national, regional, local, etc.. They put in place an algorithm of action to address the issue, but the greatest advantage of the proposed development program is the possibility of developing a land management process on agricultural lands. Clear financing of development programs, allows to ensure the implementation of the outlined plans for the implementation of land management works that are necessary on agricultural land. But in the context of the limited economic opportunities of Ukraine, the financing of land management measures provided for by the program should be only partially depending on the possibilities and level of environmental issues of land use.

  13. Development paths of China's agricultural Pharmaceutical industry under Eco-agriculture background.

    Science.gov (United States)

    Li, Jinkai; Gong, Liutang; Ji, Xi; Zhang, Jin; Miao, Pei

    2014-07-01

    Using pesticides has double effects. On one hand, it contributes to pests control and regulates the growth of crops; On the other hand, it does harm to the environment. To develop ecological agriculture should not only emphasize the output level of agriculture to pursuit of economic efficiency, but also need to keep the ecological environment protected and focus on the social benefits during the development of the industry. As a large agricultural country in the world, China is vigorously promoting the development of ecological agriculture, which is bound to put forward to developing the pesticide industry and green ecological development requirements to promote the transformation and upgrading of agricultural pharmaceutical industry. This paper discusses the mechanism of pesticide pollution on the ecological environment and analyzes China's agricultural problems in the pharmaceutical industry. Then study on the development of Chinese green pesticides and try to find the proper paths of agricultural pharmaceutical to achieve industrial upgrading.

  14. Financial Intermediaries and Economic Growth: The Nigerian Evidence

    Directory of Open Access Journals (Sweden)

    Oba Efayena

    2014-06-01

    Full Text Available This study seeks to examine the role of financial intermediaries and to find out whether financial intermediaries impact on economic growth in Nigeria. The study adopts the Harrod-Domar growth model which states that economic growth will proceed at the rate which society can mobilize domestic savings resources coupled with the productivity of the investment. The study employed the use of secondary data for the period 1981 to 2011 which were sourced from the CBN statistical bulletin. Nigerian banks being the dominant financial intermediaries, loans credits and advances from banks were used as proxy for the independent variable. Gross domestic product (GDP was used as proxy for economic growth. Using the technique of correlation analysis in determining the association between loan credits and advances, and the GDP, the study reveals a relatively high positive correlation between financial intermediaries and economic growth in the Nigerian economy. The study recommends that Nigerian banks should lend higher proportion of their loanable funds to small and medium enterprises (SMEs and should invest in information technology and human capital.

  15. FISCAL POLICY'S INFLUENCE ON ECONOMIC GROWTH IN THE EUROPEAN UNION

    OpenAIRE

    MIHAIU Diana Marieta; OPREANA Alin

    2012-01-01

    In this paper we study the impact of the fiscal policy on the economic growth for European Union, for the period 2000-2009. This subject represents a very debated problem in the economic literature. Our findings shows that, from the analysis of correlation between economic growth rate and total rate of taxation, there is generally an inverse relationship, meaning that an increase in the tax rate adversely affects economic growth. Continuing the analysis of the correlation between economic gro...

  16. Energy consumption and economic growth in Turkey during the past two decades

    International Nuclear Information System (INIS)

    Balat, Mustafa

    2008-01-01

    The Turkish economy has undergone a transformation from agricultural to industrial, enhanced by rapid urbanization, especially after 1982. Turkey's gross national production has grown at an average annual rate of 5% since 1983, ranking it at the top of the OECD countries, although the growth pattern has been uneven. Economic growth in recent years has been associated with the privatization of public enterprises. Turkey's energy demand has risen rapidly as a result of social and economic development. The country's energy consumption has grown considerably since the beginning of the 1980s. The Turkish government encourages foreign and Turkish private sector investors to implement the energy projects and is currently working on a new investment model for the construction of new generation plants to create the additional capacity needed. The Turkish energy sector, with its current size of 30 billion US dollars and projected size of 55 billion US dollars by 2015, as well as the fundamental restructuring process it has been going through since 2001, attracts both local and foreign investors. The sector needs an investment amount of approximately 130 billion US dollars by 2020. The aim of the present paper is to investigate the increasing of Turkish energy demand with the growth of the economy and utilization of domestic energy sources and the case of investments and imports in Turkey during the past two decades

  17. Review of capital investment in economic growth cycle

    Science.gov (United States)

    Shaffie, Siti Salihah; Jaaman, Saiful Hafizah; Mohamad, Daud

    2016-11-01

    The study of linkages of macroeconomics factors is prominent in order to understand how the economic cycle affects one another. These factors include interest rate, growth rate, saving and capital investment which are mutually correlated to stabilize the GDP. Part of this study, it will look upon the impact of investment which emphasize the efficiency of capital investment to the economic growth. Capital investment is one investment appraisal that gives impact to the economic growth. It is a long term investment and involve with large amount of capital to incorporate the development of private and public capital investment.

  18. Use Of Instruments For Environmental Marketing In Economic Activity Of Agricultural Enterprises

    OpenAIRE

    Oleksiy Shkuratov; Irina Voronetska

    2012-01-01

    Improved marketing mechanism of agricultural enterprise through the introduction of environmental marketing. Grounded place, tasks and functions of environmental marketing in integrated environmental and economic management.

  19. Optimization of Water Resources and Agricultural Activities for Economic Benefit in Colorado

    Science.gov (United States)

    LIM, J.; Lall, U.

    2017-12-01

    The limited water resources available for irrigation are a key constraint for the important agricultural sector of Colorado's economy. As climate change and groundwater depletion reshape these resources, it is essential to understand the economic potential of water resources under different agricultural production practices. This study uses a linear programming optimization at the county spatial scale and annual temporal scales to study the optimal allocation of water withdrawal and crop choices. The model, AWASH, reflects streamflow constraints between different extraction points, six field crops, and a distinct irrigation decision for maize and wheat. The optimized decision variables, under different environmental, social, economic, and physical constraints, provide long-term solutions for ground and surface water distribution and for land use decisions so that the state can generate the maximum net revenue. Colorado, one of the largest agricultural producers, is tested as a case study and the sensitivity on water price and on climate variability is explored.

  20. The Results and Analysis of a National Survey of Agricultural Economics Departmental Libraries

    OpenAIRE

    Seale, Colleen

    1989-01-01

    In order for agricultural economists to perform their work and research effectively, it is necessary that they have adequate reference materials, book, journals, documents, and statistical series readily accessible to them. The service of providing these reference and statistical materials to agricultural economists in an academic environment is generally provided by one of two means, through an agricultural economics reference room or through the services of the library system on campus. The...

  1. BANKING SECTOR DEVELOPMENT AND ECONOMIC GROWTH INPALESTINE; 1995-2014

    Directory of Open Access Journals (Sweden)

    Gaber H. Abugamea

    2016-07-01

    Full Text Available This study uses both OLS regression estimation and Granger Causality test toinvestigate the relationship between the banking sector development andeconomic growth in Palestine over the period 1995-2014.OLS results show asignificant impact of banking size with a negative sign, insignificant impact ofcredit lending with a marginal one for lag credit andinsignificant impact ofefficiency on economic growth, respectively.Granger Causality testresultsshowone way causality runningfrom banking size to(GDPeconomic growthandfrom banking efficiency to(GDP per capitaeconomic growth one. Overall resultsreveals a weak nexus between banking sector development and economic growth.In specific, it recommends more improving in banking lending policy to beeffective in promoting economic growth.

  2. Does Economic Growth Reduce Childhood Undernutrition in Ethiopia?

    Science.gov (United States)

    Biadgilign, Sibhatu; Shumetie, Arega; Yesigat, Habtamu

    2016-01-01

    Policy discussions and debates in the last couple of decades emphasized efficiency of development policies for translating economic growth to development. One of the key aspects in this regard in the developing world is achieving improved nutrition through economic development. Nonetheless, there is a dearth of literature that empirically verifies the association between economic growth and reduction of childhood undernutrition in low- and middle-income countries. Thus, the aim of the study is to assess the interplay between economic growth and reduction of childhood undernutrition in Ethiopia. The study used pooled data of three rounds (2000, 2005 and 2010) from the Demographic and Health Surveys (DHS) of Ethiopia. A multilevel mixed logistic regression model with robust standard errors was utilized in order to account for the hierarchical nature of the data. The dependent variables were stunting, underweight, and wasting in children in the household. The main independent variable was real per capita income (PCI) that was adjusted for purchasing power parity. This information was obtained from World Bank. A total of 32,610 children were included in the pooled analysis. Overall, 11,296 (46.7%) [46.0%-47.3%], 8,197(33.8%) [33.2%-34.4%] and 3,175(13.1%) [12.7%-13.5%] were stunted, underweight, and wasted, respectively. We found a strong correlation between prevalence of early childhood undernutrition outcomes and real per capita income (PCI). The proportions of stunting (r = -0.1207, peconomic growth substantially reduced stunting [β = -0.0016, SE = 0.00013, pEconomic growth reduces child undernutrition in Ethiopia. This verifies the fact that the economic growth of the country accompanied with socio-economic development and improvement of the livelihood of the poor. Direct nutrition specific and nutrition sensitive interventions could also be recommended in order to have an impact on the massive reduction of childhood undernutrition in the country.

  3. Climate change and its marginalizing effect on agriculture

    Energy Technology Data Exchange (ETDEWEB)

    Mestre-Sanchis, Fernando [Agriculture and Food Department, University of La Rioja (Spain); Feijoo-Bello, Maria Luisa [Economics Department, University of Zaragoza (Spain)

    2009-01-15

    The agriculture of some areas considered marginal in the EU agricultural context is being questioned due to its low productivity and growing dependence on economic aid programs Common Agricultural Policy (CAP). This study shows that climate change increases these areas marginalisation of since worsens crop growth conditions. The influence of climate change on the agricultural sector is analyzed using the Multicriteria Decision Paradigm with information provided by the Erosion-Productivity Impact Calculator (EPIC) and a General Circulation Model (GCM) as inputs for multicriteria mathematical programming models. The results obtained show climate change effects on the crop portfolio. Further results suggest that climate change effects are not only economics and environmental, reducing the suitable area for crops, but also social as it causes loss of jobs in the agricultural sector. (author)

  4. Energy consumption, political regime and economic growth in sub-Saharan Africa

    International Nuclear Information System (INIS)

    Adams, Samuel; Klobodu, Edem Kwame Mensah; Opoku, Eric Evans Osei

    2016-01-01

    In this paper, we examine the relationship between energy consumption and economic growth, and how democracy moderates this relationship using panel data of 16 sub-Saharan African (SSA) countries for the period 1971–2013. Employing a panel vector autoregressive model (PVAR) in a generalized method of moments (GMM) framework, the findings support the feedback hypothesis for energy consumption and growth. Second, the interaction variable (energy consumption and democracy) is positively and significantly related to economic growth, supporting the view that democracy moderates the energy consumption and growth nexus. Further, the results provide strong evidence of a uni-directional relationship from trade openness to energy consumption. Additionally, impulse responses and variance decompositions also confirm positive feedback relationships between energy consumption and economic growth, energy prices and economic growth. - Highlights: •Feedback exists between energy consumption and economic growth. •Democracy moderates the energy consumption and growth nexus. •positive feedback between energy prices and economic growth. •Uni-directional relationship from openness to energy consumption.

  5. Leadership Development in Agricultural Economics: Challenges for Academic Units

    OpenAIRE

    Boland, Michael A.

    2009-01-01

    Crafting and executing strategy are key tasks to be carried out by a manager of an enterprise. Unit leaders are managers of an academic enterprise called a department. The objective of this paper is to provide an overview of information collected from interviews with unit leaders of departments of agricultural economics and discuss challenges being faced by these unit leaders in March 2009.

  6. Social and economic impact of drought on stakeholders in agriculture

    Directory of Open Access Journals (Sweden)

    Armenski Tanja

    2014-01-01

    Full Text Available According to different relevant climate research water shortage hazard become increasingly frequent natural hazard across Serbia. In Serbia, especially in Vojvodina, drought is a natural hazard with increasing frequency of occurrence. Vojvodina is predominantly agricultural area with 11% of agricultural population. As such agricultural population is highly sensitive to natural hazards, especially to occurrence of drought which is typical for the territory of Vojvodina. Drought has influence on the environment and human activities, i.e. it has social and economic consequences, such as drinking water shortage or decline in crop yield. Therefore this paper has several aims. First goal is to explore socio demographic profiles and agricultural characteristic of agricultural population and stakeholders in research area. Secondly to examine farmers' attitudes to possible damage prevention and adaptive measures to climate change in the sector of agricultural production. Third goal is to analyze respondent's opinion toward drought prediction. Finally the study examines opinion of respondents on the role of government institutions in providing assistance and support to farmers and to agricultural development in the region. In depth semi structural interviewing were carried out. Results show lack of knowledge among respondents that water shortage can be precisely and in time predicted to help agriculture prepare and prevent possible draft damages. As the main problems in agriculture, the local agricultural population lists absence of strategic planning and management of agrarian policy, as well as absence of state support to farmers in agriculture development. Necessary assistance for alleviation of adverse drought consequences includes subsidies for irrigation, improvement and reconstruction of the existing irrigation systems; organized and planned state management of agrarian policy; creating precise methods of forecast of drought periods and timely

  7. Returns to food and agricultural R&D investments in Sub-Saharan Africa, 1975–2014

    NARCIS (Netherlands)

    Pardey, Philip G.; Andrade, Robert S.; Hurley, Terrance M.; Rao, Xudong; Liebenberg, Frikkie G.

    2016-01-01

    Research-enabled growth in agricultural productivity is pivotal to sub-Saharan Africa's overall economic growth prospects. Yet, investments in research and development (R&D) targeted to many national food and agricultural economies throughout Africa are fragile and faltering. To gain insight

  8. Ecological agriculture in South-India : an agro-economic comparison and study of transition

    OpenAIRE

    Jager, de, A.; Werf, van der, E.

    1992-01-01

    This report describes two research programmes carried out on ecological agriculture in South-India. Experiences of twelve farmers in transition towards ecological agriculture are described and analysed. The comparative performance of seven farmer pairs, consisting of one ecological and one conventional reference farm, is analysed in relation to agronomic and economic performance

  9. National Economic Development Procedures Manual - Agricultural Flood Damage,

    Science.gov (United States)

    1987-10-01

    based on the conceptual framework of the Economic and Environmental Principles and Guidelines for Water and Related Land Resources Implementation...the planning process and the NED evaluacion ’- ". procedures for agriculture, as described in the P&G, are thei presented. Also identified are some...ood Ioss compu t at ion approach de ’(’ op4 t hie f I ond damage for hypothetical frequency flood events and weights the result to I V- II1. + . IV-11

  10. An Accounting Method for Economic Growth

    OpenAIRE

    Hongchun Zhao

    2012-01-01

    As Chari et al. (2007) indicate, many growth theories explaining frictions in real economies are equivalent to a competitive economy, with some exogenous taxes. Using this idea, I developed an accounting method for identifying fundamental causes of economic growth. A two-sector neoclassical growth model with taxes is used as a prototype economy, and its equilibrium conditions define wedges. These wedges endogenously determine the long run growth rate, which is exogenous and not correlated wit...

  11. Stock Market and Sustainable Economic Growth in Nigeria

    Directory of Open Access Journals (Sweden)

    Erasmus L Owusu

    2016-11-01

    Full Text Available This paper examines the relationship between stock market evolution and sustainable economic growth in Nigeria. The study employs Auto-Regressive Distributed Lag (ARDL-bounds testing approach and a combined stock market indicators index to examine the relationship. The paper finds that, in the long run, stock markets have no positive and at best mixed effect on economic growth in Nigeria. This finding supports the numerous past studies, which have reported negative/mixed or inconclusive results on the effects of stock markets on economic growth. The paper, therefore, concludes that, there is the need for increasing financial deepening and the removal of bottlenecks in the financial sectors of the economy by providing further public and institutional education on the value of stock markets for economic development.

  12. HOW TO SUSTAIN ECONOMIC PERFORMANCE? ECONOMIC GROWTH AND ITS IMPACT FACTORS

    Directory of Open Access Journals (Sweden)

    OANA SIMONA HUDEA (CARAMAN

    2012-05-01

    Full Text Available This paper intends to render several important factors of impact on economic growth and to describe the particular types of relationships of the latter with each one of its influencing elements. In order to correctly determine such issue, we have resorted to three carefully selected models that have been estimated and compared so as to identify the most adequate and representative regression. For this purpose we have performed an analysis based on cross-section annual data for 105 countries spread all over the world. After having tested and rejected certain exogenous variables initially considered, such as imports or exports, we have finally retained the external debt and foreign direct investments as explanatory items of the dependent variable. The results revealed that both of them positively affect the gross domestic product of the analysed countries, this one being inelastic in relation to the exogenous variables considered. Even if the relationship between the economic growth and the external debt of a country is usually negative, as the money exit out of the country due to the debt service causes non-achieved potential investments, yet, there is an inflexion point up to which the external debt has a positive influence on economic growth by the increase of the investments funds acquired as result of the external credit contracting, this being the case reflected by our study. As for the relationship existing between foreign direct investments and GDP, the economic theory confirms that FDI and economic growth are directly correlated, the former contributing to technical progress, production increase and, finally, to the improvement of the living standard.

  13. Outward foreign direct investments and home country's economic growth

    Science.gov (United States)

    Ciesielska, Dorota; Kołtuniak, Marcin

    2017-09-01

    The study examines the time stability of the causality direction and cross-correlations between the home country's economic growth and pace of growth of its outward foreign direct investment (OFDI) stocks within the complex system of the Polish national economy. The research has been performed in order to verify, using both the time and frequency domains time series analyses, if economic agents' long term decisions on outward foreign direct investments, leading to cross-border value chains and production fragmentation processes, are of adaptive or predictive character. Consequently, the aim was to check if the home country's economic growth leads the internationalization processes of domestic enterprises, which stays in line with Dunning's Investment Development Path (IDP) paradigm, or if these complex processes, thanks to entrepreneurs' ability to formulate relevant rational expectations, precede the home country's economic growth, which would be supported with the introduction of the policy on reinforcing the internationalization processes of domestic enterprises. The presence of the unidirectional economic growth-led internationalization, consistent with the IDP concept's base assumptions, has been ascertained by the results of the short term Granger causality tests. Nevertheless, the results of the wavelet analyses, supported with the results of the econometric block exogeneity long term causality Wald tests, have revealed that in the long term the OFDI stocks' growth permanently precedes the home country's economic growth, which stays in the unequivocal contrast with the IDP paradigm's premises, as well as with the indicated above short term Granger causality tests' outcomes and indicates that economic agents' choices are not strictly of adaptive but also of predictive character, which influences the current state of knowledge on economic complex systems' characteristics. Such a result is of a great importance in the light of the existence of the significant

  14. LENDING PROJECT IMPACT ON AGRICULTURAL INDIVIDUAL SECTOR DEVELOPMENT IN MOLDOVA

    Directory of Open Access Journals (Sweden)

    Aurelia LITVIN

    2014-04-01

    Full Text Available Economic development within rural areas of the Republic of Moldova is affected by multiple issues which cross the agricultural individual sector development. One of the main factors that would influence positively the development of agriculture is investment. Investment plays an important role on the country's economy, representing the material support of its economic and social development. It ensures the permanent capital increase, advances the technical and economic efficiency of existing ones and creates new places of employment. In this context, investment is the decisive element of economic growth, of the intensive, qualitative and effective factors promotion.

  15. Export Specialisation and Local Economic Growth

    NARCIS (Netherlands)

    Naude, Wim; Bosker, Maarten; Matthee, Marianne

    This paper aims to provide empirical evidence on whether export specialization or diversification is better for local economic growth. Using export data from 354 magisterial districts of South Africa for 1996 and 2001 we estimate spatial growth regressions that include measures of the degree of

  16. Global Integration, Non-Oil Export and Economic Growth in Nigeria

    Directory of Open Access Journals (Sweden)

    Ozoemena Stanley Nwodo

    2017-03-01

    Full Text Available This study focuses on global integration, non-oil export and economic growth in Nigeria. The direct and interaction effect of the both openness variables and non-oil export on economic growth in Nigeria is investigated using quarterly data from 1986-2014. For analysis, it uses one measures of financial openness: de facto (total capital flow variables following Aizenman and Noy (2009.and a measure of trade openness adopted by Okoh (2004. The study applies the Autoregressive Distributed Lag Model (ARDL. The results show positive impact of non-oil export on economic growth in Nigeria both in the short run and in the long run, negative effect of trade and financial openness on economic growth however, the result recorded a negative effect of the interaction of trade openness and non-oil export on economic growth and a positive effect of the interaction of financial openness and non-oil export on economic growth. Thus, the study recommends among others that government should get the fundamentals right in the economy first that will boost non-oil sector before opening the economy for trade.

  17. The dynamics of oil consumption and economic growth in Malaysia

    International Nuclear Information System (INIS)

    Park, Sun-Young; Yoo, Seung-Hoon

    2014-01-01

    This study attemps to investiagte the causal relationship between oil consumption and economic growth in Malaysia where oil consumption and real gross domestic product have been rapidly increased in recent years. To this end, the study employs annual data covering the period 1965–2011. Tests for unit roots, co-integration, and Granger-causality based on the error-correction models are presented. The overall results support the existence of bi-directional causality between oil consumption and economic growth in Malaysia. This means that an increase in oil consumption directly affect economic growth. Thus, in order not to make an adverse effect on economic growth, Malaysia should endeavor to overcome the constraints on oil consumption. Moreover, it appears that economic growth induces oil consumption. - Highlights: • We examine the causality between oil consumption and economic growth in Malaysia. • We employed the annual data covering the period 1965–2011. • We estimated error-correction models to test for the direction of causality. • We found that there is bi-directional causality between the two

  18. The economical contracting management in Agricultural Cooperatives: tools for evaluating their performance.

    Directory of Open Access Journals (Sweden)

    Rafael Enrique Viña Echevarría

    2014-06-01

    Full Text Available The economic and management contracts involve strategic actions, legal and operational purposes that make possible to convert the goal of an organization on results that express the fulfillment of the mandates and satisfies customers on the basis of the duties and obligations set out in the negotiating document. This article aims to get inside into the performance evaluation of the management of the recruitment of Agricultural Cooperatives and to reflex about the insufficiencies evidenced in this process. To which we developed a theoretical valuation and economic procurement praxiological showing a group of deficiencies that have impacted in the contracts management The study was able to obtain, process, analyze, interpret and argue the problems associated with economic contracting and justify the need to propose a system of indicators to assess recruitment management Agricultural Cooperatives in the province of Sancti Spiritus, the results revealed the ineffectiveness of the process and the negative impact on the productive base.

  19. ECOLOGICAL AND ECONOMIC IMPROVING OF AGRICULTURAL LAND USE ON REGIONAL LEVEL

    Directory of Open Access Journals (Sweden)

    Butenko E.

    2016-05-01

    Full Text Available Land Reform in Ukraine is already a considerable period of time. Priority land reform was to be the formation of land market relations that would ensure continued efficient reallocation of land resources based on market self-regulation. Implementation of large-scale land reforms in these areas has caused huge problems of acute social, economic and environmental. Properly not the rational use and protection of land resources, reproduction of the productive potential of agricultural lands. Particularly acute problem of management and expanded reproduction of land resources as a basis for sustainable development of Ukraine. Pressing problem today is to resolve these matters in accordance with the principles of sustainable development. Particulary attention should be focused on the implementation of integrated land use by solving problems of the rational use of land, an important aspect of which is to optimize land use. Irrational land use system has led to serious environmental consequences, namely the presence of such manifestations of land degradation as erosion, technogenic pollution, secondary alkalinity, flooding and landslides. The high level of tilled land, including hills, a significant expansion of crops cultivated crops and almost complete cessation of work package for soil protection, violation of the cultivation leads to land degradation. The current state of land use Cherkasy region does not meet the requirements of environmental management. Violated environmentally acceptable ratio of arable land, natural grasslands, which adversely affects the stability of agricultural landscapes. Optimizing the efficiency of land use requires evidence-based approach to land. So based on upgraded inventory system and effective land management by taking into account environmental and economic component of their assessment, you can achieve a significant positive impact on the economy of the region and the state as a whole. The current system of land

  20. Connections and economic importance of agriculture and rural tourism

    Directory of Open Access Journals (Sweden)

    Petrović Gordana

    2015-01-01

    Full Text Available In recent years, is often heard that Serbia has very favorable conditions for the development of rural tourism. We are constantly talking about the revival of Serbian villages. However, Serbia has a large number of villages ask questions on how to survive and how to improve the conditions of life in them. Since the creation of adequate conditions for life in the country depends on whether it will be and how it continues to evolve. Recommendations of the World Tourism Organization is the development of rural tourism. The reason for this is the favorable geographical position, varied relief, a pleasant climate, rich flora and fauna, interesting history, traditions, folklore ... should be taken of the fact that the Republic of Serbia has a predominantly rural characteristics, because 85% of the territory consists of rural areas inhabited by some 45-55% of the population. The main activity of the population in rural areas is agriculture, where 23% of the working population works in agriculture and generates about 40% of the total gross national income. Between agriculture and rural tourism there are a lot of permeation and solid connections. This cross-sectoral exchange of the common village. Tourism needed agricultural products throughout the year, and agriculture are required consumers. Rural tourism should be the backbone of economic development to raise living standards in the rural community.

  1. Transport Infrastructure and Economic Growth: Spatial Effects

    Directory of Open Access Journals (Sweden)

    Artyom Gennadyevich Isaev

    2015-09-01

    Full Text Available The author specifies an empirical framework of neoclassical growth model in order to examine impact of transport infrastructure on economic growth in Russian regions during period of 2000-2013. Two different effects of infrastructure are considered. First, infrastructure is viewed as part of region’s own production function. Second, infrastructure generates spillover effect on adjacent regions’ economic performance which can be negative or positive. Results imply that road infrastructure has a positive influence on regional growth, but sign of railroad infrastructure coefficient depends on whether or not congestion effect is considered. Negative spillover effect is shown to exist in the case of road infrastructure. This apparently means that rapid road infrastructure development in some regions moves mobile factors of production away from adjacent regions retarding their economic development. The spillover effect of railroad infrastructure is significant and negative again only if congestion effect is considered. The results of estimation for the Far East and Baikal Regions separately demonstrate no significant effect of both types of infrastructure for economic performance and negative spillover effect of road infrastructure

  2. Nation Building as a Determinent of Economic Growth

    Science.gov (United States)

    2010-05-18

    Consortium for Political and Social Reserch (2007). Mankiw , N. Gregory, David Romer, and David N. Weil. “A Contribution to the Empirics of Economic Growth...Determinent of Economic Growth 5b. GRANT NUMBER 5c. PROGRAM ELEMENT NUMBER 6 . AUTHOR(S) 5d. PROJECT NUMBER Creasey. Ellyn Ann 5e. TASK NUMBER 51...J ss istance and econom ic aid impact the development process. The primary resu lts suggest a 1% increase in spending on nation building result s

  3. HEALTH, EDUCATION AND ECONOMIC GROWTH IN MALAYSIA

    OpenAIRE

    Rahmah Ismaila and Doris Padmini Selvaratnamb

    1999-01-01

    Human capital is vital for the development of a country. Investment in human capital ranges from basic needs expenditure to education and health provision. Economic growth is often used to measure the progress and development of a country. Today other indicators are used to emphasize physical quality of life, for example, education, health and basic needs provision. Using a simultaneous equation model, this paper estimates the relationship between economic growth and human capital variables i...

  4. Economic growth of the United States: perspective and prospective. [Monograph

    Energy Technology Data Exchange (ETDEWEB)

    Fabricant, S

    1979-01-01

    A post-World War II analysis of the potential for US economic expansion projects a continuation of the basic social and economic expectations and international relations and of the upward trend of labor input, labor productivity, and national output. How economic growth of the future will differ as a result of global changes in population and resources is examined in the context of other national objectives. The rapid increase in labor productivity during the postwar period was taken in the form of income rather than leisure. This led to a growth of goods and real per capita income as well as higher standards of living, education, and economic stability. The implications for future growth indicate the need to slow the growth of the national product in line with the rate of population growth. The improved welfare of the people should be the overall goal of which economic growth is one component. 23 tables. (DCK)

  5. EFFECTS OF INTEREST RATE DEREGULATION ON AGRICULTURAL FINANCE AND GROWTH IN NIGERIA

    Directory of Open Access Journals (Sweden)

    Louis O. ONYISHI

    2015-03-01

    Full Text Available The study examined the effects of interest rate deregulation on agricultural finance and growth in Nigeria. The study specifically ascertained the factors that determine the aggregate credit volume to agriculture within the periods of regulation and deregulation in the Nigerian economy, determined the effects of government finance interventions on agricultural sector performance in the Nigerian economy, determined the periodic effects of macroeconomic financial indicators on Agriculture’s gross domestic product (GDP contribution to Nigerian economy and estimated the level of real credit growth of agricultural finance in Nigeria. Descriptive statistics, Ordinary Least Squares (OLS regression technique and chow test were used for data analysis. The chow test showed that there was a significant differential effect on the aggregate credit volume to agricultural sector between the regulated and deregulated regimes. Interest rate was an important determinant of aggregate credit volume to the agricultural sector in Nigeria, especially during the deregulated period but monetary authorities should ensure appropriate determination of interest rate level that will break the double-edge effect of interest rates on savers and investors.

  6. Electrification, economic growth and uranium power

    International Nuclear Information System (INIS)

    Starr, C.

    1983-01-01

    The worldwide growth of uranium power plant capacity is obviously dependent on both the growth of electrification and the competitive status of uranium power. In this paper the thesis is developed that expanded use of uranium power is essential to provide a substantial portion of the electricity necessary for world economic growth. Further, the case is made that the obstacles to this expansion arise not from the technology, but rather from the inadequacies of our industrial, political, and economic institutions to manage this new energy system effectively, nationally and internationally. Data are presented on the relation between electricity consumption and GNP; percentage of primary energy used for electricity; energy price ratio; relative generation costs of U, coal and oil-fired power plants; generating costs and capacity factors of conventional and uranium power plants. (U.K.)

  7. Total factor productivity (TFP) growth agriculture in pakistan: trends in different time horizons

    International Nuclear Information System (INIS)

    Ali, A.; Mushtaq, K.; Ashfaq, M.

    2008-01-01

    The present study estimated total factor productivity (TFP) growth of agriculture sector of Pakistan for the period 1971-2006 by employing Tornqvist-Theil (T-T) index number methodology. Most of the conventional inputs were used in constructing the input index. The output index includes major crops, minor crops, important fruits and vegetables and four categories of livestock products. The study estimated TFP growth rates for different decades. The results showed that TFP growth rate was lowest during the decade of 70s (0.96 percent) and highest during the last six years of the study period (2.86 percent). The decade of 80s and 90s registered TFP growth rate of 2.24 percent and 2.46 percent, respectively. The results also explained that TFP growth contributed about 33 percent to total agricultural output growth during the decade of 70s and this contribution increased up to 83 percent during the last six years of the study period. The contribution of TFP growth to total agricultural output growth was 53 and 81 percent during the decades of 80s and 90s, respectively. The study observed that macro level government policies, institutional factors and weather conditions are the major key factors that influenced TFP growth. (author)

  8. Economic Analysis of Nitrate Source Reductions in California Agriculture

    Science.gov (United States)

    Medellin-Azuara, J.; Howitt, R.; Rosenstock, T.; Harter, T.; Pettygrove, S. G.; Dzurella, K.; Lund, J. R.

    2011-12-01

    We present an analytical approach to assess the economic impact of improving nitrogen management practices in California agriculture. We employ positive mathematical programming to calibrate crop production to base input information. The production function representation is a nested constant elasticity of substitution with two nests: one for applied water and one for applied nitrogen. The first nest accounts for the tradeoffs between irrigation efficiency and capital investments in irrigation technology. The second nest represents the tradeoffs between nitrogen application efficiency and the marginal costs of improving nitrogen efficiency. In the production function nest, low elasticities of substitution and water and nitrogen stress constraints keep agricultural crop yields constant despite changes in nitrogen management practices. We use the Tulare Basin, and the Salinas Valley in California's Central Valley and Central Coast respectively as our case studies. Preliminary results show that initial reductions of 25% in nitrogen loads to groundwater may not impose large costs to agricultural crop production as substitution of management inputs results in only small declines in net revenue from farming and total land use. Larger reductions in the nitrogen load to groundwater of 50% imposes larger marginal costs for better nitrogen management inputs and reductions in the area of lower valued crops grown in the study areas. Despite the shortage of data on quantitative effects of improved nitrogen efficiency; our results demonstrate the potential of combining economic and agronomic data into a model that can reflect differences in cost and substitutabilty in nitrogen application methods, that can be used to reduce the quantity of nitrogen leaching into groundwater.

  9. Association between economic growth and injury mortality among seniors in Colombia.

    Science.gov (United States)

    Trujillo, Antonio J; Hyder, Adnan A; Ruiz, Fernando

    2010-12-01

    Injuries among seniors are recognised as an important public health problem not only in developed countries but also in middle-income countries. There is ample epidemiological literature that relates economic growth to the reduction of infectious and childhood diseases. Less evidence exists to document if economic growth alone is enough to reverse the increasing trends of injury mortality and morbidity among seniors in a middle-income country. To investigate the association between economic growth and injury deaths among older people in Colombia. Using data from Colombia, 1979-2006 (n=28), time-series models were used to ascertain if the variation over time in injury mortality among seniors is related to short-term oscillations in economic performance. Four empirical specifications usually used in the analysis of such data were implemented. Models were run by type of injury and gender. A negative but moderate effect of economic growth was found on injury deaths among older people. The reported elasticity was between -0.98 and -1.26. Men benefit from economic growth more than women. Economic growth seems to reduce traffic injuries, suicides and homicides. A positive association was also found between falls and growth in gross domestic product. The results indicate a non-homogeneous association between economic growth and injury deaths among seniors in Colombia. This association is usually stronger in a negative direction among children and younger adults. Although more research is needed to understand the causal relationship between economic growth and injury, the association found may suggest that economic growth may not be sufficient to reverse injury deaths among older people; therefore, additional health policies need to be in place to reduce mortality due to preventable injuries in seniors.

  10. ECOLOGICAL AND ECONOMIC PROBLEMS OF AGRICULTURAL LAND IN THE REPUBLIC OF KALMYKIA

    Directory of Open Access Journals (Sweden)

    G. M. Borlikov

    2015-01-01

    Full Text Available Aim The aim is to analyze the ecological, economic and social issues of land use and to define organizational and economic measures to improve its effectiveness. Methods. We used scientific methods: comparison, generalization, analysis, synthesis, induction, deduction, system methods etc., as well as specific scientific methods: economic and mathematical, statistical, expert assessments, and others. On the basis of these methods we have carried out ecological and geographical, ecological and economic analysis in historical perspective, evaluating the degree of the influence of natural and anthropogenic factors on the degradation of agricultural land and efficiency of land use in general. Thus it revealed that the main problems of land-use issues in Kalmykia and possible ways to resolve the problem. Results. Regional studies of ecological and economic problems of land use, the study of the historical experience of grazing industry, the assessment of the current state of arid areas have allowed developing mechanisms for land management and environmental protection, preventing negative social and economic consequences. Conclusions. The present state of agricultural land in the Republic of Kalmykia has led to a significant change in the direction of deterioration of fragile arid ecosystems, which explains the decrease in the total ecological and socio-economic effects, manifested in the reduction of all benefits received by the population. Solving the problems identified above requires an effective economic mechanism of rational land use and environmental protection in the arid zone, which includes science-based land-use regulations, an effective system of land management, a set of measures to prevent further degradation of natural ecosystems. 

  11. Study on Growth of China’s Agricultural Industrial Chain from the Perspective of Large Scale

    OpenAIRE

    Liu, Jianhui; Zhang, Yingliang; Yang, Taiyan

    2014-01-01

    The growth of agricultural industrial chain is the result of market demand, fund, technology, industrial development and policy guidance. At present, separate and small peasant operating model has become one of important factors restricting growth of agricultural industrial chain. From growth mechanism of agricultural industrial chain and actual situation of China, this paper analyzed actual factors restricting growth of agricultural industrial chain, and believed that it is required to break...

  12. Re-investigating the electricity consumption and economic growth nexus in Portugal

    International Nuclear Information System (INIS)

    Tang, Chor Foon; Shahbaz, Muhammad; Arouri, Mohamed

    2013-01-01

    In the previous decades, a number of studies have been conducted to analyse the causal relationship between electricity consumption and economic growth in the Portuguese economy. However, the evidence remains controversial because the previous studies do not provide clear causality evidence. This might be attributed to the omitted variables bias because most previous studies only focus on the relationship between electricity consumption and economic growth in a bi-variate model. This paper attempts to re-investigate the relationship between electricity consumption and economic growth in Portugal using a multivariate model. Based on the bounds testing approach to cointegration and the Granger causality test within the vector error-correction model (VECM), our empirical results confirm the presence of cointegration among the variables. Moreover, there is evidence of bi-directional causality between electricity consumption and economic growth in the short- and long-run. This suggests that energy is an important source of economic growth in Portugal. Therefore, energy conservation policies should not be implemented because it would deteriorate the process of economic growth and development of the Portuguese economy. - Highlights: • Electricity consumption and economic growth series in Portugal are cointegrated. • There is evidence of feedback effects between the two variables. • Energy is an important source of economic growth in Portugal

  13. Determinants of economic growth in BRIC countries

    OpenAIRE

    Rajjev K. Goel

    2011-01-01

    We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And (c) Does lower institutional quality hinder growth? Results show that while BRIC nations have higher growth, there are significant within-group differences. China and Russia mostly showed higher growth,...

  14. Does inequality in health impede economic growth?

    Science.gov (United States)

    Grimm, Michael

    2011-01-01

    This paper investigates the effects of inequality in health on economic growth in low and middle income countries. The empirical part of the paper uses an original cross-national panel data set covering 62 low and middle income countries over the period 1985 to 2007. I find a substantial and relatively robust negative effect of health inequality on income levels and income growth controlling for life expectancy, country and time fixed-effects and a large number of other effects that have been shown to matter for growth. The effect also holds if health inequality is instrumented to circumvent a potential problem of reverse causality. Hence, reducing inequality in the access to health care and to health-related information can make a substantial contribution to economic growth.

  15. Exchange-rate regimes and economic growth: An empirical evaluation

    OpenAIRE

    Simón Sosvilla-Rivero; María del Carmen Ramos-Herrera

    2014-01-01

    Based on a dataset of 123 economies, this paper empirically investigates the relation between exchange-rate regimes and economic growth. We find that growth performance is best under intermediate exchange rate regimes, while the smallest growth rates are associated with flexible exchange rates. Nevertheless, this conclusion is tempered when we analyze the countries by income level: even though countries that adopt intermediate exchange-rate regimes are characterized by higher economic growth,...

  16. ICTs, Economic Growth and Poverty | IDRC - International ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    ICTs, Economic Growth and Poverty ... new information and communication technologies (ICTs) as a lever for economic and social development. ... Socially equitable climate action is essential to strengthen the resilience of all people, without ...

  17. An Attempt to Assess the Quantitative Impact of Institutions on Economic Growth and Economic Development

    Directory of Open Access Journals (Sweden)

    Próchniak Mariusz

    2014-10-01

    Full Text Available This study aims at assessing to what extent institutional environment is responsible for worldwide differences in economic growth and economic development. To answer this question, we use an innovative approach based on a new concept of the institutions-augmented Solow model which is then estimated empirically using regression equations. The analysis covers 180 countries during the 1993-2012 period. The empirical analysis confirms a large positive impact of the quality of institutional environment on the level of economic development. The positive link has been evidenced for all five institutional indicators: two indices of economic freedom (Heritage Foundation and Fraser Institute, the governance indicator (World Bank, the democracy index (Freedom House, and the EBRD transition indicator for post-socialist countries. Differences in physical capital, human capital, and institutional environment explain about 70-75% of the worldwide differences in economic development. The institutions-augmented Solow model, however, performs slightly poorer in explaining differences in the rates of economic growth: only one institutional variable (index of economic freedom has a statistically significant impact on economic growth. In terms of originality, this paper extends the theoretical analysis of the Solow model by including institutions, on the one hand, and shows a comprehensive empirical analysis of the impact of various institutional indicators on both the level of development and the pace of economic growth, on the other. The results bring important policy implications.

  18. Financial development, uncertainty and economic growth

    NARCIS (Netherlands)

    Lensink, B.W.

    By performing a cross-country growth regression for the 1970-1998 period this paper finds evidence for the fact that the impact of policy uncertainty on economic growth depends on the development of the financial sector. It appears that a higher level of financial development partly mitigates the

  19. Economic growth - environmental protection - quality of life

    International Nuclear Information System (INIS)

    Kumm, J.

    1975-01-01

    This is an investigation into the assumption that uncontrolled economic growth puts a burden on the natural environment and lowers the quality of life. This analysis of the natural, technical, economic, and social environment answers the following questions: 1) which development will production and consumption take up to the year 2000; 2) extent of environmental burden to be expected as a result thereof; 3) influence of needs and valid standard of values thus prevailing; 4) administrative measures for environmental policies; 5) influence of environmental policies on the quality of life; 6) possibility of economic growth while the natural environment is sufficiently protected at the same time. The man-environment model presented elucidates the interrelations between economic development and the natural and social environment; it checks the effectiveness of alternate environmental protection measures. (HP) [de

  20. Exploratory Landscape Metrics for Agricultural Sustainability

    NARCIS (Netherlands)

    Vaz, E; de Noronha, M.T.; Nijkamp, P.

    2014-01-01

    Socioeconomic growth and urban change have been an increasing concern for decision makers in recent decades. The monitoring, mapping, and analysis of agricultural land use change, especially in areas where urban change has been high, is crucial. The collision between traditional economic activities

  1. Analyzing of economic growth based on electricity consumption from different sources

    Science.gov (United States)

    Maksimović, Goran; Milosavljević, Valentina; Ćirković, Bratislav; Milošević, Božidar; Jović, Srđan; Alizamir, Meysam

    2017-10-01

    Economic growth could be influenced by different factors. In this study was analyzed the economic growth based on the electricity consumption form different sources. As economic growth indicator gross domestic product (GDP) was used. ANFIS (adaptive neuro fuzzy inference system) methodology was applied to determine the most important factors from the given set for the GDP growth prediction. Six inputs were used: electricity production from coal, hydroelectric, natural gas, nuclear, oil and renewable sources. Results shown that the electricity consumption from renewable sources has the highest impact on the economic or GDP growth prediction.

  2. Energy, Economic Growth and Environmental Sustainability: Five Propositions

    Directory of Open Access Journals (Sweden)

    Steven Sorrell

    2010-06-01

    Full Text Available This paper advances five linked and controversial propositions that have both deep historical roots and urgent contemporary relevance. These are: (a the rebound effects from energy efficiency improvements are significant and limit the potential for decoupling energy consumption from economic growth; (b the contribution of energy to productivity improvements and economic growth has been greatly underestimated; (c the pursuit of improved efficiency needs to be complemented by an ethic of sufficiency; (d sustainability is incompatible with continued economic growth in rich countries; and (e a zero-growth economy is incompatible with a fractional reserve banking system. These propositions run counter to conventional wisdom and each highlights either a "blind spot" or "taboo subject" that deserves closer scrutiny. While accepting one proposition reinforces the case for accepting the next, the former is neither necessary nor sufficient for the latter.

  3. Dynamic analysis of savings and economic growth in Nigeria ...

    African Journals Online (AJOL)

    Dynamic analysis of savings and economic growth in Nigeria. ... a trivariate dynamic Granger causality model with savings, economic growth and foreign ... It is recommended that in the short run, policies in Nigeria should be geared towards ...

  4. Public Debt and Economic Growth in Malaysia

    OpenAIRE

    Siew-Peng Lee; Yan-Ling Ng

    2015-01-01

    Public debt in the Malaysia increased because of fiscal expansions. This study examines whether public debt contributed to the economic growth in Malaysia over the period 1991 to 2013. It also examines whether other indicators of debt burden, such as budget deficit, budget expenditure, and external debt service and government consumption, have an impact on economic growth. The results of this study are consistent with the existing literature that found a negative association between diet and ...

  5. A critical realist perspective on decoupling negative environmental impacts from housing sector growth and economic growth

    DEFF Research Database (Denmark)

    Xue, Jin

    2012-01-01

    The question that motivates this article has been a matter of dispute: Is it possible to combine perpetual economic growth and longterm environmental sustainability based on the premise that economic growth can be fully decoupled from negative environmental impacts? The article addresses...... this question from the position of critical realism. An empirical study focusing on the housing sector is conducted, indicating that housing stock growth and economic growth have been, at best, weakly decoupled from environmental impacts. In the long run, it seems implausible that the degree of decoupling can...... be increased at a rate sufficient to compensate for continual growth in the volume of housing stock. A further elaboration of the topic at an ontological level leads to the conclusion that continual economic growth and long-term environmental sustainability can hardly be combined....

  6. Using Wmatrix to Explore Discourse of Economic Growth

    Science.gov (United States)

    Hu, Chunyu

    2015-01-01

    Growth is a concept of particular interest for economic discourse. This paper sets out to explore a small corpus of economic growth, which consists of articles from "The Economist". The corpus software used in this study is a web-based tool Wmatrix, an automatic tagging software able to assign semantic field (domain) tags, and to permit…

  7. The economic growth enigma: Capital, labour and useful energy?

    International Nuclear Information System (INIS)

    Ayres, Robert; Voudouris, Vlasios

    2014-01-01

    We show that the application of flexible semi-parametric statistical techniques enables significant improvements in model fitting of macroeconomic models. As applied to the explanation of the past economic growth (since 1900) in US, UK and Japan, the new results demonstrate quite conclusively the non-linear relationships between capital, labour and useful energy with economic growth. They also indicate that output elasticities of capital, labour and useful energy are extremely variable over time. We suggest that these results confirm the economic intuition that growth since the industrial revolution has been driven largely by declining energy costs due to the discovery and exploitation of relatively inexpensive fossil fuel resources. Implications for the 21st century, which are also discussed briefly by exploring the implications of an ACEGES-based scenario of oil production, are as follows: (a) the provision of adequate and affordable quantities of useful energy as a pre-condition for economic growth and (b) the design of energy systems as ‘technology incubators’ for a prosperous 21st century. - Highlights: • Economic growth needs three factors of production. • We propose a semi-parametric generalised production function. • Exploitation of inexpensive fossil fuel resources has profound policy implications

  8. Issues in assessing the economic benefits of ambient ozone control: some examples from agriculture

    Energy Technology Data Exchange (ETDEWEB)

    Adams, R.M.

    1983-01-01

    Information on the economic benefits arising from alternative secondary National Ambient Air Quality Standards can provide one measure of regulatory efficiency. If benefits assessments are to be used in assessing regulatory impacts of federal standards as recently ordered by President Ronald Reagan, the economic concept of benefits, the limitations of benefits analysis, and the validity of those estimates needs to be clarified. Some methodological and applied issues which can effect the validity of environmental economic assessments as they pertain to agriculture are reviewed. Recent studies from the assessment literature on agriculture are critiqued with respect to how well they address such issues. An attempt is made to identify potential sources of variability in estimates found within that literature. Finally, implications for performance of future assessments are discussed.

  9. Export and Economic Growth in the West Balkan Countries

    Directory of Open Access Journals (Sweden)

    Florentina Xhelili Krasniqi

    2017-09-01

    Full Text Available The aim of this paper is to explore the effects of exports and other variables (foreign direct investment, remittances, capital formation, and labour force on economic growth in West Balkan countries (Albania, Kosovo, Macedonia, Montenegro, Bosnia and Herzegovina and Serbia. This study utilizes a strongly balanced panel data over the 2005-2015 period for Western Balkan countries using the ordinary least squares method (OLS, ie Pooled regression model to evaluate the parameters. The relationship between export and economic growth has turned to be statistically significant and positively related for the countries under the study. Results also indicate the statistically significant positive relationship between economic growth and other variables included in the model such is remittances, capital formation, and labor. The relationship between economic growth and foreign direct investment has turned out to be statistically insignificant and negatively related.

  10. Ethiopia - Agriculture and Rural Development Public Expenditure Review 1997/98–2005/06

    OpenAIRE

    World Bank

    2008-01-01

    Agricultural and Rural Development (ARD) is a fundamental component of Ethiopia's economic growth and poverty reduction strategy. The agricultural development strategy under Agriculture Development Led Industrialization (ADLI) and Sustainable Development and Poverty Reduction Program (SDPRP) focused on enhancing the productive capacity of smallholder farmers, promoting crop diversification...

  11. Blue water scarcity and the economic impacts of future agricultural trade and demand

    Science.gov (United States)

    Schmitz, Christoph; Lotze-Campen, Hermann; Gerten, Dieter; Dietrich, Jan Philipp; Bodirsky, Benjamin; Biewald, Anne; Popp, Alexander

    2013-06-01

    An increasing demand for agricultural goods affects the pressure on global water resources over the coming decades. In order to quantify these effects, we have developed a new agroeconomic water scarcity indicator, considering explicitly economic processes in the agricultural system. The indicator is based on the water shadow price generated by an economic land use model linked to a global vegetation-hydrology model. Irrigation efficiency is implemented as a dynamic input depending on the level of economic development. We are able to simulate the heterogeneous distribution of water supply and agricultural water demand for irrigation through the spatially explicit representation of agricultural production. This allows in identifying regional hot spots of blue water scarcity and explicit shadow prices for water. We generate scenarios based on moderate policies regarding future trade liberalization and the control of livestock-based consumption, dependent on different population and gross domestic product (GDP) projections. Results indicate increased water scarcity in the future, especially in South Asia, the Middle East, and north Africa. In general, water shadow prices decrease with increasing liberalization, foremost in South Asia, Southeast Asia, and the Middle East. Policies to reduce livestock consumption in developed countries not only lower the domestic pressure on water but also alleviate water scarcity to a large extent in developing countries. It is shown that one of the two policy options would be insufficient for most regions to retain water scarcity in 2045 on levels comparable to 2005.

  12. Renewable Resources, Capital Accumulation, and Economic Growth

    Directory of Open Access Journals (Sweden)

    Wei-Bin Zhang

    2011-01-01

    Full Text Available This paper proposes a dynamic economic model with physical capital and renewable resources. Different from most of the neoclassical growth models with renewable resources which are based on microeconomic foundation and neglect physical capital accumulation, this study proposes a growth model with dynamics of renewable resources and physical capital accumulation. The model is a synthesis of the neoclassical growth theory and the traditional dynamic models of renewable resources with an alternative approach to household behavior. The model describes a dynamic interdependence among physical accumulation, resource change, and division of labor under perfect competition. Because of its refined economic structure, our study enables some interactions among economic variables which are not found in the existing literature on economic growth with renewable resources. We simulate the model to demonstrate the existence of equilibrium points and motion of the dynamic system. Our comparative dynamic analysis shows, for instance, that a rise in the propensity to consume the renewable resource increases the interest rate and reduces the national and production sector’s capital stocks, wage rate and level of the consumption good. Moreover, it initially reduces and then increases the capital stocks of the resource sector and the consumption and price of the renewable resource. The stock of the renewable resource is initially increased and then reduced. Finally, labor is redistributed from the production to the resource sector.

  13. Management of business economic growth as function of resource rents

    Science.gov (United States)

    Prljić, Stefan; Nikitović, Zorana; Stojanović, Aleksandra Golubović; Cogoljević, Dušan; Pešić, Gordana; Alizamir, Meysam

    2018-02-01

    Economic profit could be influenced by economic rents. However natural resource rents provided different impact on the economic growth or economic profit. The main focus of the study was to evaluate the economic growth as function of natural resource rents. For such a purpose machine learning approach, artificial neural network, was used. The used natural resource rents were coal rents, forest rents, mineral rents, natural gas rents and oil rents. Based on the results it is concluded that the machine learning approach could be used as the tool for the economic growth evaluation as function of natural resource rents. Moreover the more advanced approaches should be incorporated to improve more the forecasting accuracy.

  14. Human Capital and Economic Growth - How Strong is the Nexus?

    Directory of Open Access Journals (Sweden)

    Marinko Škare

    2016-08-01

    Full Text Available The link between human capital and economic growth still remains unexplained because of the measurement issues connected to the human capital stock. This study investigates the link between human capital stock and economic growth using inclusive wealth index and ratio of engaged to actively disengaged employees as proxy for human capital stock. Data from the global workplace and inclusive wealth reports are used in order to provide an international comparison of the link between human capital and inclusive wealth. Cross country comparison show human capital largerly contribute to the inclusive wealth formation. Formal education is important but also motivating working environment is needed to achieve sustainable economic growth. The finding further indicates that standard human capital growth model should be revised taking into the account variables addressing sustainable growth (not just growth and environmental variables (work conditions affecting human capital stock. Countries encouraging investments in the development of individuals both through formal education and inspiring work environments achieve higher sustainable economic growth

  15. THE PERSPECTIVE OF AGRICULTURE IN THE CONTEXT OF SOCIO-ECONOMIC DEVELOPMENT POTENTIAL IN VRANCEA COUNTY

    OpenAIRE

    RADULESCU CARMEN VALENTINA; ANGHELUTA PETRICA SORIN; IOAN ILDIKO

    2015-01-01

    Agriculture is an important field and also a priority of Romania's development. In this regard, providing food for population is a factor that ensures the specificity of agriculture. For this reason, we can consider that agriculture is a starting point for the socio-economic development of the country. Romania is recognized, at European and international level, for its experience in cultivating natural and traditional products. The agricultural area offers the possibility of suppl...

  16. Conjectures and Contrivances: Economic Growth and the Standard of Living in Britain,During the Industrial Revolution

    OpenAIRE

    Charles Feinstein

    1996-01-01

    This paper presents new estimates of nominal earnings, the cost of living earnings for manual workers in Great Britain over the period 1770 to 1870. The estimates are adjusted to allow for unemployment and for the inclusion of agricultural workers in Ireland. The series are then analyzed to establish their implications for the debates about the impact of the industrial revolution on the standard of living; and about the pace of economic growth during this period. The main findings are that th...

  17. Green Agriculture - features and agricultural policy measures for the transition to a sustainable agriculture

    Directory of Open Access Journals (Sweden)

    Cornelia Nistor

    2015-12-01

    Full Text Available Agriculture is one of the most important economic activities in each country or area, as it is in close correlation with all other the other economic activities, in a whole which must be structured so as to achieve a more efficient planning and organization of the territory. The practice of a traditional agriculture, based on industrialization, affects the natural environment through emissions of pollutants, waste and deforestation which together affects biodiversity. Green Agriculture suppose to empower managers to widespread the use of fertilizers, to improve the crop rotation, to realize a more efficient water consumption, to improve the storage methods and the supply chain of products. Agricultural policies are closely interrelated with environmental policies as agricultural activities have a considerable influence on the environment. The efficiency of agricultural policies is reflected in monetary transfers between agriculture and other economic sectors, in the costs due to the reallocation of the resources between different agricultural and non-agricultural activities and in the realized gains. Currently there is a constant concern of the governments for the transition to a green agriculture, and most countries recognize the importance of achieving sustainable economic development.

  18. Economic growth and military expenditure linkages: a panel data analysis

    Directory of Open Access Journals (Sweden)

    Ahmed Shahid

    2015-12-01

    Full Text Available This paper has made an attempt to examine relationship between military expenditure and economic growth using 56 country panel data spanning over 1995—2011. Panel fixed effect model has been estimated for all 56 countries and sub-groups classified on the basis of World Bank income criteria. The results of this study indicate a positive effect of military expenditure on economic growth but this positive effect is negligible compared to the alternative uses of scare resources on non-military expenditure. Thus, the effect of military expenditure on economic growth is very low compared to the effect of expenditure on capital formation, hence military expenditure as a sub-optimal means of increasing economic growth compared to alternative uses of government spending on formation of fixed capital. This study raises an important argument of huge opportunity cost of military expenditure. The present study concludes that the boosting of economic growth through higher military expenditure is neither effective nor efficient way of achieving higher growth in the economy.

  19. R.M. Solow Adjusted Model of Economic Growth

    Directory of Open Access Journals (Sweden)

    Ion Gh. Rosca

    2007-05-01

    Full Text Available Besides the models of M. Keynes, R.F. Harrod, E. Domar, D. Romer, Ramsey-Cass-Koopmans etc., the R.M. Solow model is part of the category which characterizes the economic growth. The paper proposes the study of the R.M. Solow adjusted model of economic growth, while the adjustment consisting in the model adaptation to the Romanian economic characteristics. The article is the first one from a three paper series dedicated to the macroeconomic modelling theme, using the R.M. Solow model, such as: “Measurement of the economic growth and extensions of the R.M. Solow adjusted model” and “Evolution scenarios at the Romanian economy level using the R.M. Solow adjusted model”. The analysis part of the model is based on the study of the equilibrium to the continuous case with some interpretations of the discreet one, by using the state diagram. The optimization problem at the economic level is also used; it is built up of a specified number of representative consumers and firms in order to reveal the interaction between these elements.

  20. Essays on industrial structure and economic growth

    International Nuclear Information System (INIS)

    Nordaas, Hildegunn Kyvik

    1997-01-01

    The book is a thesis submitted for the degree of dr. polit. at the University of Bergen. It has chapters on economic development and industrial structure, trade and growth with static and dynamic economies of scale, terms of trade and economic growth in a world of constrained capital mobility, how liberalization of trade in services may conserve natural reserves, some reasons why capital does not flow from rich to poor counties and finally on South African manufacturing industries - catching up or falling behind

  1. The role of government spending on economic growth in a developing country

    Directory of Open Access Journals (Sweden)

    M.F. Oladele

    2017-05-01

    Full Text Available The issue of whether government expenditure helps or hinders economic growth is still debatable. This study examines the contribution of government spending towards economic growth in South Africa using annual data from 1980 – 2014. The cointegration approach and Vector Error Correction Model were used to analyse the data. The cointegration test results indicate that there is long run relationship between government expenditure and economic growth in South Africa. The VECM outcome indicates a positive and significant link between economic growth and expenditure on the long run. There is a positive and significant relationship between exchange rate and economic growth and a significant and negative relationship between economic growth and private consumption. Based on these findings, the correlation between government expenditure and economic growth showed that there is positive relationship on the long run in South Africa, while there is a negative and significant relationship between government spending and economic growth on the short run. More spending should therefore be directed towards important sectors such as infrastructural development and industrial development in order to accelerate economic growth. There is also a need for fiscal policy to be used as an instrument to regulate the amount of money in the economy.

  2. Protected areas and agricultural expansion: Biodiversity conservation versus economic growth in the Southeast of Brazil.

    Science.gov (United States)

    Moraes, Mayra Cristina Prado de; Mello, Kaline de; Toppa, Rogério Hartung

    2017-03-01

    The conversion of natural ecosystems to agricultural land and urban areas plays a threat to the protected areas and the natural ecosystems conservation. The aim of this paper is to provide an analysis of the agricultural expansion and its impact on the landscape spatial and temporal patterns in a buffer zone of a protected area located in the transition zone between the Atlantic Forest and Cerrado, in the State of São Paulo, Brazil. The land use and land cover were mapped between 1971 and 2008 and landscape metrics were calculated to provide a spatiotemporal analysis of the forest structure and the expansion of the croplands. The results showed that the landscape patterns were affected by the economic cycles. The predominant crop surrounding the protected area is sugar cane, which increased by 39% during this period, followed by citrus. This landscape change is connected to the Brazilian oil crisis in 1973. The rapid expansion of sugar cane was largely driven by Brazil's biofuel program, the "Proálcool" (pro-alcohol), a project in 1975 that mixed ethanol with gas for automotive fuel. The forest loss occurred mainly between 1971 and 1988, decreasing the forest cover from 17% in 1971 to 12.7% in 2008. Most of the forest patches are smaller than 50 ha and has low connectivity. Throughout the years, the fragments in the buffer zone have become smaller and with an elongated shape, and the park has become isolated. This forest fragmentation process and the predominance of monoculture lands in the buffer zone threaten the protected areas, and can represent a barrier for these areas to provide the effective biodiversity conservation. The measures proposed are necessary to ensure the capability of this ecosystem to sustain its original biodiversity. Copyright © 2016 Elsevier Ltd. All rights reserved.

  3. Growth Versus Government Management Improvement During Economic Downturn

    Science.gov (United States)

    Podobnik, Boris; Baaquie, Belal E.; Bishop, Steven; Njavro, Djuro; Li, Baowen

    2013-04-01

    In estimating how economic growth depends on various inputs, economists commonly use long periods of data encompassing both main extremes to fluctuations in the economy: recession and expansion. Here we focus on recession years because during expansion even countries with bad economic policies may experience large growth. Specifically, we study how growth depends on the proportion of public-sector workforce, p and competitiveness, quantified by the Global Competitiveness Index, GCI. For the 2008-2011 economic downturn and for 57 countries, we find that the growth rate of GDP per capita, g, decreases with p, and increases with ΔGCI. Further, more competitive countries attract more foreign direct investments per capita, I, than less competitive countries, where I ~ GCIα. We propose a production function, divided into the private and public sectors, where GDP depends on market capitalization, the public (private)-sector workforce, and competitiveness level, used to quantify the public sector efficiency.

  4. Causality analysis of diesel consumption and economic growth in Cameroon

    International Nuclear Information System (INIS)

    Tamba, Jean Gaston; Njomo, Donatien; Limanond, Thirayoot; Ntsafack, Borel

    2012-01-01

    This study examines the causal relationship between diesel consumption and economic growth in Cameroon by using a three-step modern time-series technique. Tests for unit roots, cointegration, and Granger-causality based on error correction model are employed on annual data covering the period 1975–2008. Empirical results of the study confirm the presence of a long-run equilibrium relationship between diesel consumption and economic growth. The error correction model shows that an estimated 1% increase in economic growth causes a rise in diesel consumption of 1.30% in the long-run. The overall results show that there exists bidirectional causality in the long-run relationship and no causality in the short-run relationship between diesel consumption and economic growth at the 5% level of significance. Thus, the energy policies in Cameroon should place priority on the discovery of new oil field and building capacity additions of the refinery to increase production of petroleum products, as this would propel the economic growth of the country. - Highlights: ► We examine the causal relationship between diesel consumption and GDP in Cameroon. ► we analyze the petroleum products sector in Cameroon. ► 1% increase in economic growth causes a rise in diesel consumption of 1.30%. ► The policy aimed at improving diesel supply have a positive impact on economics.

  5. ECONOMIC GROWTH AND TAXATION IN CENTRAL AND EASTERN EUROPE

    Directory of Open Access Journals (Sweden)

    Cristina BOROVINA (COJOCARU

    2016-05-01

    Full Text Available In the context of the economic crisis that started in the United States in 2007, economic growth has become of great importance for the countries affected by the crisis further to their confrontation with lower growth rates of GDP per capita. At national level, governments are searching for that mix of optimal economic policies that would revive economies on the upward and also sustainable trend. One of the key policies in this regard, especially for the countries in Central and Eastern Europe which intend to adopt the euro currency, is the tax policy. Its main instruments are taxes. In this paper, we pay special attention to these instruments and to the connection that they have with the economic growth. This paper is divided into three parts. The first part presents a few ideas related to the importance of taxes at national level, the second part is an analysis in terms of taxation of the Central and Eastern Europe countries, while the third part consists of a panel-type assessment of the relation between economic growth and taxation level.

  6. Electricity Consumption, Carbon Emissions and Economic Growth in Nigeria

    Directory of Open Access Journals (Sweden)

    Godwin Effiong Akpan

    2012-01-01

    Full Text Available This paper applies a Multivariate Vector Error Correction (VECM framework to examine the long run and causal relationship between electricity consumption, carbon emissions and economic growth in Nigeria. Using annual time series data for 1970 to 2008, findings show that in the long run, economic growth is associated with increase carbon emissions, while an increase in electricity consumption leads to an increase in carbon emissions. These imply that Nigeria’s growth process is pollution intensive, while the negative relationship between electricity consumption (or positive relationship between electricity consumption and emissions in Nigeria is a clear indication that electricity consumption in the country has intensified carbon emissions. No support was obtained for the hypothesized environmental Kuznets curve (EKC. Granger-causality results confirm a unidirectional causality running from economic growth to carbon emissions, indicating that carbon emissions reduction policies could be pursued without reducing economic growth in Nigeria. No causality was found between electricity and growth, in either way, which further lends credence to the crisis in the Nigerian electricity sector. Overall, the paper submits that efficient planning and increased investment in electricity infrastructure development may be the crucial missing variable in the obtained neutrality hypothesis between electricity and growth.

  7. Traffic fatalities and economic growth

    Science.gov (United States)

    2003-04-01

    As countries develop death rates usually fall, especially for diseases that affect the young and result in substantial life-years lost. Deaths due to traffic accidents are a notable exception: the growth in motor vehicles that accompanies economic gr...

  8. INFLUENCE SOCIO-ECONOMIC SITUATION ON THE EFFECTIVE USE OF MANPOWER AGRICULTURAL ENTERPRISES

    Directory of Open Access Journals (Sweden)

    Oleksandr Lebid

    2016-06-01

    Full Text Available In the article, the socio-economic condition of the rural population of Ukraine is a potential basis for the formation of labor farms. Analyzes the quantity of the population of Ukraine. The experience of leading countries for the support of public authorities of the agricultural sector. Analyzes the rural development programs of developed countries and derived from their implementation results. The dependence of the social dimension of economic and determined that it is the main and fundamental, and is a driving force for social development. Key words: workforce, personnel, economic and social development, efficiency management, population, economically active population. JEL: Q 00

  9. The Non-Linear Effect of Corporate Taxes on Economic Growth

    Directory of Open Access Journals (Sweden)

    Huňady Ján

    2015-03-01

    Full Text Available The paper deals with the problem of taxation and its potential impact on economic growth and presents some new empirical insights into this topic. The main aim of the paper is to verify an assumed nonlinear impact of corporate tax rates on economic growth. Based on the theory of public finance and taxation, we hypothesize that at relatively low tax rates it is possible that the impact of taxation on economic growth become slightly positive. On the other hand when the tax rates are higher a negative impact of taxation on economic growth could be expected. Despite the fact that the most of the existing studies find a negative linear relationship between these variables, we can also find strong support for a non-linear relationship from several theoretical models as well as some empirical studies. Based on panel data fixed-effects econometric models, we, as well, find empirical evidence for a non-linear relationship between nominal and effective corporate tax rates and economic growth. Our data consists of annual observations for the period 1999 to 2011 for EU Member States. Based on the results, we also estimated the optimal level of the corporate tax rate in terms of maximizing economic growth in the average of the EU countries.

  10. Taxes and Economic Growth in Developing Countries : A Dynamic Panel Approach

    OpenAIRE

    NANTOB, N'Yilimon

    2014-01-01

    This paper looks at the effects of taxes increase on economic growth of 47 developing countries. In developing countries, there is no magic tax strategy to encourage economic growth. Some countries with high tax burdens have high growth rates and some countries with low tax burdens have low growth rates. Despite much theoretical and empirical inquiry as well as political and policy controversy, no simple answer exists concerning the relationship of taxes on economic growth in developing count...

  11. Does globalization contribute to economic growth in developing ...

    African Journals Online (AJOL)

    This paper examines empirically whether or not globalization contributes to economic growth in developing countries, drawing empirical lessons from Nigeria. The globalization – growth link, is anchored on Husain Schematic representation, Solow model, and the new growth (endogenous growth) theory. The paper adopts ...

  12. Estimating North Dakota's Economic Base

    OpenAIRE

    Coon, Randal C.; Leistritz, F. Larry

    2009-01-01

    North Dakota’s economic base is comprised of those activities producing a product paid for by nonresidents, or products exported from the state. North Dakota’s economic base activities include agriculture, mining, manufacturing, tourism, and federal government payments for construction and to individuals. Development of the North Dakota economic base data is important because it provides the information to quantify the state’s economic growth, and it creates the final demand sectors for the N...

  13. From entrepreneurship to economic growth: a three stage approach

    NARCIS (Netherlands)

    van Hemert, P.P.

    2008-01-01

    Over time, different economic theories have supported the idea that entrepreneurship and innovation are essential for spurring economic growth. One question, however, remains unanswered, namely, why some regions in different parts of the world manage to enter into a cycle of growth and development

  14. From entrepreneurship to economic growth, a three stage approach

    NARCIS (Netherlands)

    van Hemert, P.P.

    2007-01-01

    Over time, different economic theories have supported the idea that entrepreneurship and innovation are essential for spurring economic growth. One question, however, remains unanswered, namely, why some regions in different parts of the world manage to enter into a cycle of growth and development

  15. Knowledge Spillovers and Economic Growth

    NARCIS (Netherlands)

    A.J. van Stel (André); H.R. Nieuwenhuijsen

    2002-01-01

    textabstractThe importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not straightforward which type of spillovers is most effective: intra-sectoral spillovers or inter-sectoral spillovers. We investigate this controversy using a model of

  16. Intangible capital and economic growth

    NARCIS (Netherlands)

    Chen, Wen

    2016-01-01

    Modern economic growth stems in good part from investments in knowledge-based intangible assets, such as research and development (R&D), organisational know-how, product design, branding and marketing. By capitalising expenditures on these intangibles as business investments, this thesis

  17. Exports and economic growth in Nigeria

    Directory of Open Access Journals (Sweden)

    Goodly Otto

    2016-09-01

    Full Text Available Nigeria is an oil dependent economy, over 90 per cent of its exports receipts in recent years flow from petroleum but this sector is currently affected by local challenges, which include insecurity, oil thefts, sabotage and an unfriendly operational environment. These challenges are generating loses for the major producers and encouraging capital flight but amidst this situation, the economy is said to be having an impressive growth. This paradox informed this research. The study was designed to see the nexus between exports and economic growth in Nigeria. Using data from the Central Bank of Nigeria spanning 1980-2011, the study with the aid of OLS regression analysis found a strong relationship between Exports and economic growth in Nigeria. Nigeria will be better served if it diversifies its export base. It must also create structures that lead to better redistribution of export incomes within the local economy.

  18. Does education engender cultural values that matter for economic growth?

    OpenAIRE

    Prosper F. Bangwayo-Skeete; Afaf H. Rahim; Precious Zikhali

    2009-01-01

    Empirical research has shown that cultural values matter for economic growth and has specifically identified the achievement motivation as an aspect of culture that engenders economic growth. If specific cultural values engender economic growth, how then can societies promote them? This paper attempts to answer this question using the 2005 wave of the World Values Survey data for 43 countries. We test the contention that education significantly impacts the relative importance an individual pl...

  19. Economic analysis of dry season maize ( Zea mays L.) production in ...

    African Journals Online (AJOL)

    PROMOTING ACCESS TO AFRICAN RESEARCH ... Journal of Agriculture, Forestry and the Social Sciences ... agricultural development strategies aimed at accelerating economic growth and preventing the country from severe food crisis.

  20. Analysis of domestic debt: implication for economic growth in Nigeria

    African Journals Online (AJOL)

    This paper principally analysed the importance of domestic debt on economic growth of Nigeria. The objective of the study is to investigate the relationship between government domestic debt and economic growth and policy that is likely to improve private sector investment and break growth resistance problem.

  1. Human Capital, Population Growth and Economic Development: Beyond Correlations

    OpenAIRE

    Rosenzweig, Mark R.

    1987-01-01

    Empirical evidence on three assertions commonly-made by population policy advocates about the relationships among population growth, human capital formation and economic development is discussed and evaluated in the light of economic-biological models of household behavior and of its relevance to population policy. The three assertions are that (a) population growth and human capital investments jointly reflect and respond to changes in the economic environment, (b) larger families directly i...

  2. Impact of Globalisation On Economic Growth in Romania: An Empirical Analysis of Its Economic, Social and Political Dimensions

    Directory of Open Access Journals (Sweden)

    Olimpia Neagu

    2017-04-01

    Full Text Available The paper analyses the link between globalisation and economic growth in Romania for a time span of 24 years. Data from World Bank were used in an econometrical model in order to highlight the impact of globalisation, expressed by the KOF globalisation index and its components (economic, social and political globalisation indices on economic growth rate. A statistical strong and positive link is found between GDP per capita dynamics and overall globalisation index as well as between GDP growth rate and economic and political globalisation, except the social dimension of globalisation which has a negative impact on economic growth in Romania for the time span 1990-2013.

  3. Soil fertility decline and economic policy reform in Sub-Saharan Africa

    NARCIS (Netherlands)

    Heerink, N.B.M.

    2005-01-01

    Two decades of economic reforms in Africa have not resulted in the anticipated growth in per capita agricultural production. Declining output-fertiliser price ratios, particularly for food crops, contributed to soil fertility depletion and agricultural stagnation. Current prices of agricultural

  4. Agriculture and Regional Development in Greece

    OpenAIRE

    Kyrkilis, Dimitrios; Semasis, Simeon

    2012-01-01

    This paper attempts to explore the effects of post-war war economic development model followed in Greece. The model is characterized by both the neglect of Greek agriculture and the emphasis on industrialization, mainly around the two major cities, Athens and Thessaloniki. The model has to develop a strong industrial sector but to inflate services and it devastated agriculture. At the regional level the uneven growth path that has been adopted perpetuated between urban and tourist areas on th...

  5. CURRENT ACCOUNT DEFICIT AND ECONOMIC GROWTH IN ARMENIA

    Directory of Open Access Journals (Sweden)

    Arus Tunian

    2015-07-01

    Full Text Available The article is devoted to the study of the problem of economic growth in Armenia. It is identified the nature of the balance of payments of the country, indicating a net debtor position, which leads to inherent deterioration of the international investment position. A small open economy of Armenia moves to a new phase of development, in the frame of the integration processes within the Customs Union and the Eurasian Economic Union of Russia, Belarus and Kazakhstan. One of the main characteristics of the Armenian economy vulnerability remains a negative balance in foreign trade, which continues to grow, despite the export growth. Economic growth is provided, as before, mostly due to the sale of raw materials - non-ferrous metals and metal ores, both in the primary as well as in the previous preprocessing. Estimating the econometric VAR models revealed that the negative current account impacts on GDP growth negatively.

  6. Policy Responses to Changing Perceptions of the Role of Agriculture in Development

    OpenAIRE

    Kym Anderson

    2012-01-01

    Traditionally, development economists had a dim view of the contribution that farmers made to modern economic growth, compared with manufacturers. Hence agricultural exports and manufacturing imports were often taxed. This view changed over time though, as first economists and then policy makers came to understand the high cost of an anti-agricultural, import-substituting industrialization strategy. This paper outlines how this change came about and the resulting economic policy reforms that ...

  7. Promoting Women's Economic Empowerment in Cambodia

    OpenAIRE

    Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB); Asian Development Bank (ADB)

    2015-01-01

    Women’s economic empowerment is essential for more inclusive growth in Cambodia. This study takes stock of major gender issues in the Cambodian economy seen through the lens of women’s participation, benefit, and agency—the three prerequisites for a fairer distribution of growth benefits. It examines labor market trends and obstacles to women’s economic empowerment—particularly in agriculture, business development, and wage employment. Labor migration and vulnerability to shocks are highlight...

  8. Economic Performance of SME Agricultural Producers in the Context of Risk Management: Focus on Visegrad 4 Member Countries

    Directory of Open Access Journals (Sweden)

    Jan Vavřina

    2014-01-01

    Full Text Available The long term regulation of the EU agrarian sector via the Common Agricultural Policy (CAP and its respective instruments focuses on the sustainable development both of the agriculture and rural area as a whole. It is needed above all to stress out the equalization instruments of CAP within the context of negative impacts’ diminish of outer sectorial environment in relation with the economic status of agricultural businesses, specifically the small and medium ones. The EU programming period of years 2014-2020 is focused from the view point of the agrarian sector on more efficient CAP to encourage the competitiveness of European farmers. The aforementioned programming period is for agricultural producers from V4 countries the first one when CAP guarantees the maximum amount of operational subsidies for them, of course regarding the respective agreed EU accession treaties. Nevertheless, CAP subsidies cannot be considered to be the key factor of competitiveness within EU single market. The relation between long term increasing of production’s inputs on one hand and the decreasing of agricultural producers’ prices on the other one can be marked as very important negative aspect within the need of farmers’ sustainable competitiveness. So, the direct consequence of a negative influence of aforementioned factor is the subsequent negative direct influence on profitability of agricultural producers. The need for increasing the efficiency of production, marketing and other related processing activities appears to be relevant and inevitable. The business processes are repeated cyclically, that is why there is emerged the need for its systematic and continuous management, measurement, assessment and subsequent changes and optimization. The management of risks has to be involved in the business activities of agricultural businesses regardless their economic size and branch, taking into account possible negative influences. The article aims at

  9. Economic and Financial Evaluation of The Irradiation Facility Unit For Some Egyptian Agricultural Exports

    International Nuclear Information System (INIS)

    Amin, S.R.A.

    2014-01-01

    Food irradiation technology strongly enhances quarantine, especially that chemical methods to preserve food and agricultural products are completely banned. The technology of food preservation by irradiation helps increasing Egypt’s agricultural exports to foreign markets as these exports become more competitive due to their long shelf life and decrease of loss. Therefore, food irradiation technology helps avoiding economic loss. The present study aims at conducting a financial analysis and economic evaluation for establishing an irradiation unit for some Egypt’s agricultural exports to enhance their competitiveness and help exporters in marketing them. The study also considers the site location of the unit because of the important role it plays in influencing the project size, production capacity, costs and expected profits. The study consists of four sections namely: Section one: This section includes two chapters. Chapter one presents the theoretical framework of the study. Chapter two displays the literature review. Chapter one includes key concepts and terms of irradiation, purpose of food irradiation, types of irradiation units, application in fruits and vegetables irradiation, radiation doses used in irradiating food and requirements for safety of food irradiation. chapter two reveals the literature review of previous research of the topic showing important results and conclusions made of previous studies and research, studies are divided into two parts, part one relate to agricultural exports, as part two links food irradiation technology. Section Two: This section presents a study of irradiating Egypt’s agricultural exports .This section is divided into two chapters; chapter one reveals the economic importance of irradiating agricultural products, and chapter two illustrates different types of irradiation techniques. The results in this section show the advantages of food irradiation technology in terms of marketing, health, environment and cost

  10. Ethiopia - Agriculture and Rural Development : Public Expenditure Review for 1997-98 and 2005-06

    OpenAIRE

    World Bank

    2008-01-01

    Agricultural and Rural Development (ARD) is a fundamental component of Ethiopia's economic growth and poverty reduction strategy. The agricultural development strategy under Agriculture Development Led Industrialization (ADLI) and Sustainable Development and Poverty Reduction Program (SDPRP) focused on enhancing the productive capacity of smallholder farmers, promoting crop diversification...

  11. Investment in Education and Economic Growth in Nigeria: 1981-2012

    African Journals Online (AJOL)

    This study examines the impact of government investments in education on economic growth in Nigeria over the period 1981-2012. Economic growth proxy by growth rate of GDP is the dependent variable while government capital expenditure on social services, recurrent expenditure on education, primary school total pupil ...

  12. A panel study of nuclear energy consumption and economic growth

    International Nuclear Information System (INIS)

    Apergis, Nicholas; Payne, James E.

    2010-01-01

    This study examines the relationship between nuclear energy consumption and economic growth for sixteen countries within a multivariate panel framework over the period 1980-2005. Pedroni's (1999, 2004) heterogeneous panel cointegration test reveals there is a long-run equilibrium relationship between real GDP, nuclear energy consumption, real gross fixed capital formation, and the labor force with the respective coefficients positive and statistically significant. The results of the panel vector error correction model finds bidirectional causality between nuclear energy consumption and economic growth in the short-run while unidirectional causality from nuclear energy consumption to economic growth in the long-run. Thus, the results provide support for the feedback hypothesis associated with the relationship between nuclear energy consumption and economic growth.

  13. Economic Growth and Government Spending Nexus: Empirical ...

    African Journals Online (AJOL)

    The results highlight the need for policy makers to shift public outlays towards investment in physical infrastructure which will stimulate growth and consequently improve fiscal sustainability as opposed to recurrent expenditure. Keywords: Economic Growth, Fiscal Policy, Cointegration, Causality, Wagner' Law ...

  14. Working Conditions of Agricultural Workers: A Reflection of Socio-economic Status

    Directory of Open Access Journals (Sweden)

    B.R.K. Sinha

    2010-11-01

    Full Text Available Working conditions of agricultural workers, like industrial, are one of the burning issues in a developing region. It is related to agricultural activities of the workers and their socio-economic status. Working conditions may be both favourable and unfavourable. Those working conditions which are unfavourable to health may be considered as occupational hazards or as a part of occupational environment. It is generally observed that a large section of the agricultural workers remains engaged in agricultural practices at the time of hunger, thirst, pregnancy (women and even despite their unpleasant state of health, both mental and physical. They also continue to work for more than the prescribed standard hours and also having half-fed. These are not positive or favourable working conditions to their health as they normally cause general weakness, fatigue, stomach disorder, dizziness, headache, loss of energy and some other similar physical, mental and psychological problems. The major driving forces behind as such adverse working conditions and its consequences are the pressure of work, pressure of land owners and of timely completion of works, shortage of manpower, psychological attitude, ignorance, weather constraints, poverty, illiteracy, lack of work related health awareness, lower social and economic status, etc. Such forces compel the workers to be engaged in their agricultural practices under the above circumstance. Adverse working conditions of agricultural workers vary widely with reference to space, time, activities, demographics, society, economy and consequently affect both the mental and physical, social and psychological conditions of the agricultural workers. Persons in varying number in the age groups from 15-34 and 35-49 to 60 & + year were reported working under different types of undesirable working conditions. The people from the S.C. and S.T. categories are the major sufferers as most of them continue their work during

  15. Does Economic Growth Reduce Childhood Undernutrition in Ethiopia?

    Directory of Open Access Journals (Sweden)

    Sibhatu Biadgilign

    Full Text Available Policy discussions and debates in the last couple of decades emphasized efficiency of development policies for translating economic growth to development. One of the key aspects in this regard in the developing world is achieving improved nutrition through economic development. Nonetheless, there is a dearth of literature that empirically verifies the association between economic growth and reduction of childhood undernutrition in low- and middle-income countries. Thus, the aim of the study is to assess the interplay between economic growth and reduction of childhood undernutrition in Ethiopia.The study used pooled data of three rounds (2000, 2005 and 2010 from the Demographic and Health Surveys (DHS of Ethiopia. A multilevel mixed logistic regression model with robust standard errors was utilized in order to account for the hierarchical nature of the data. The dependent variables were stunting, underweight, and wasting in children in the household. The main independent variable was real per capita income (PCI that was adjusted for purchasing power parity. This information was obtained from World Bank.A total of 32,610 children were included in the pooled analysis. Overall, 11,296 (46.7% [46.0%-47.3%], 8,197(33.8% [33.2%-34.4%] and 3,175(13.1% [12.7%-13.5%] were stunted, underweight, and wasted, respectively. We found a strong correlation between prevalence of early childhood undernutrition outcomes and real per capita income (PCI. The proportions of stunting (r = -0.1207, p<0.0001, wasting (r = -0.0338, p<0.0001 and underweight (r = -0.1035, p<0.0001 from the total children in the household were negatively correlated with the PCI. In the final model adjustment with all the covariates, economic growth substantially reduced stunting [β = -0.0016, SE = 0.00013, p<0.0001], underweight [β = -0.0014, SE = 0.0002, p<0.0001] and wasting [β = -0.0008, SE = 0.0002, p<0.0001] in Ethiopia over a decade.Economic growth reduces child undernutrition in

  16. Nuclear energy-economic growth nexus in OECD countries. A panel data analysis

    International Nuclear Information System (INIS)

    Ozcan, Burcu; Ari, Ayse

    2016-01-01

    The relationship between nuclear energy consumption and economic growth in 13 OECD countries from 1980 to 2012 is analyzed. The panel causality results supported the feedback hypothesis in both the short-run and long-run. There is a positive relationship between nuclear energy consumption and economic growth. As such, nuclear energy consumption and economic growth complement and reinforce each other. Nuclear energy conservation policies may negatively affect economic growth rates.

  17. Nuclear energy-economic growth nexus in OECD countries. A panel data analysis

    Energy Technology Data Exchange (ETDEWEB)

    Ozcan, Burcu [Firat Univ., Elazig (Turkey). Dept. of Economics; Ari, Ayse [Nigde Univ. (Turkey). Dept. of Economics

    2016-01-15

    The relationship between nuclear energy consumption and economic growth in 13 OECD countries from 1980 to 2012 is analyzed. The panel causality results supported the feedback hypothesis in both the short-run and long-run. There is a positive relationship between nuclear energy consumption and economic growth. As such, nuclear energy consumption and economic growth complement and reinforce each other. Nuclear energy conservation policies may negatively affect economic growth rates.

  18. 136 Tax Revenue, Stock Market and Economic Growth of Pakistan

    Directory of Open Access Journals (Sweden)

    Muhammad Irfan Javaid Attari

    2014-10-01

    Full Text Available The purpose of this paper is to examine the effects of capital market and fiscal policy influences in determining the nexus of economic growth in Pakistan from July 2003 to July 2012. The authors utilize ADF unit root test, Johansen Cointegration test, VECM test, Granger causality test and variance decomposition analysis to test the relationship among tax revenue, stock market and economic growth in Pakistan. Granger causality analysis is used to answer questions whether “Does tax revenue cause the economic growth?” or “Does tax revenue cause the capital market?”. The results demonstrate that there is a bidirectional casualty between tax revenue and economic growth; and a unidirectional causality from capital market to tax revenue. The estimated result shows that growth of Pakistan economy is strongly contributed from the high collection of direct tax revenue and the development of financial market activity. The findings of this paper have important implications to current and potential investors in Pakistan economy to understand the economic condition of Pakistan and to assist them in making their investment decision.

  19. Coupled urbanization and agricultural ecosystem services in Guanzhong-Tianshui Economic Zone.

    Science.gov (United States)

    Zhou, Z X; Li, J; Zhang, W

    2016-08-01

    Ecosystems offer material and environmental support for human habitation and development in those areas of the earth where people choose to live. However, urbanization is an inexorable trend of human social development and threatens the health of those ecosystems inhabited by humans. This study calculates the values of NPP (net primary productivity), carbon sequestration, water interception, soil conservation, and agricultural production in the Guanzhong-Tianshui Economic Zone. At the same time, we combined DMSP/OLS (Defense Meteorological Satellite Program Operational Line Scanner) night lights remote sensing data and statistical data to analyze the level of urbanization. Quantitative analysis was performed on the interactions between the ecosystem service functions and urbanization based on the calculations of their coupled coordination degrees. The results were the following: (1) The values of NPP, carbon sequestration, and agricultural production showed a trend of increase. However, water interception decreased before increasing, while soil conservation showed the reverse trend; (2) Urbanization levels in the Guanzhong-Tianshui Economic Zone for the last 10 years have proceeded at a fast pace with comprehensive promotion; and (3) Coupled and coupled coordination degrees between urbanization and ecosystem services show increasing trends. This research can provide a theoretical basis for the region's rapid economic development in the balance.

  20. The Impacts and Economic Costs of Climate Change in Agriculture and the Costs and Benefits of Adaptation

    Science.gov (United States)

    Iglesias, A.; Quiroga, S.; Garrote, L.; Cunningham, R.

    2012-04-01

    This paper provides monetary estimates of the effects of agricultural adaptation to climate change in Europe. The model computes spatial crop productivity changes as a response to climate change linking biophysical and socioeconomic components. It combines available data sets of crop productivity changes under climate change (Iglesias et al 2011, Ciscar et al 2011), statistical functions of productivity response to water and nitrogen inputs, catchment level water availability, and environmental policy scenarios. Future global change scenarios are derived from several socio-economic futures of representative concentration pathways and regional climate models. The economic valuation is conducted by using GTAP general equilibrium model. The marginal productivity changes has been used as an input for the economic general equilibrium model in order to analyse the economic impact of the agricultural changes induced by climate change in the world. The study also includes the analysis of an adaptive capacity index computed by using the socio-economic results of GTAP. The results are combined to prioritize agricultural adaptation policy needs in Europe.

  1. Sri Lanka : Promoting Agricultural and Rural Non-farm Sector Growth, Voume 2. Annexes and Statistical Tables

    OpenAIRE

    World Bank

    2003-01-01

    Economic development has brought about, the decline in contribution of the agricultural sector to the economy of Sri Lanka, and, consistent with this economic transformation, the structure of employment also changed. Thus, as labor migrates away from agriculture, the productivity, for those who remain in the land, needs to increase significantly. This report examines the constraints to pro...

  2. Banks and economic growth in developing countries: What about Islamic banks?

    Directory of Open Access Journals (Sweden)

    Saida Daly

    2016-12-01

    Full Text Available Islamic banks (IBs have a significant role in the growth of gross domestic product of the developing countries. The Islamic participatory schemes integrate the assets of lenders and borrowers. They allow enable IBs to lend on a longer term basis to create projects with higher risk-return profiles and, thus, to support economic growth. Our investigation examines the contribution of Islamic finance in economic growth. Using a panel data-set, we compare between IBs and conventional banks in their adding to economic growth. We studied a sample of 120 banks between 2005 and 2012. By means of three ordinary least-square regressions, our empirical investigation reveals that the development of non-usurious banks supports economic growth. Moreover, the cooperation between the two financing modes improves economic growth. The integration of this new funding never neglected the role of the conventional method of financing. The practice of IBs is also away from their theoretical mode in terms of participation results.

  3. Energy consumption and economic growth in China: A multivariate causality test

    International Nuclear Information System (INIS)

    Wang Yuan; Wang Yichen; Zhou Jing; Zhu Xiaodong; Lu Genfa

    2011-01-01

    This study takes a fresh look at the direction of causality between energy consumption and economic growth in China during the period from 1972 to 2006, using a multivariate cointegration approach. Given the weakness associated with the bivariate causality framework, the current study performs a multivariate causality framework by incorporating capital and labor variables into the model between energy consumption and economic growth based on neo-classical aggregate production theory. Using the recently developed autoregressive distributed lag (ARDL) bounds testing approach, a long-run equilibrium cointegration relationship has been found to exist between economic growth and the explanatory variables: energy consumption, capital and employment. Empirical results reveal that the long-run parameter of energy consumption on economic growth in China is approximately 0.15, through a long-run static solution of the estimated ARDL model, and that for the short-run is approximately 0.12 by the error correction model. The study also indicates the existence of short-run and long-run causality running from energy consumption, capital and employment to economic growth. The estimation results imply that energy serves as an important source of economic growth, thus more vigorous energy use and economic development strategies should be adopted for China. - Highlights: → Cointegration is only present when real GDP is the dependent variable. →The long-run causality running from energy consumption to economic growth. →China is an energy dependent economy.

  4. Financial Liberalization and Economic Growth

    NARCIS (Netherlands)

    Bumann, S.; Hermes, N.; Lensink, B.W.

    2013-01-01

    This study provides a systematic analysis of the empirical literature on the relationship between financial liberalization and economic growth by conducting a meta-analysis, based on 441 t-statistics reported in 60 empirical studies. We focus on explaining the heterogeneity of results in our sample

  5. Promoting Debates on Economic Growth and Poverty Reduction in ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Promoting Debates on Economic Growth and Poverty Reduction in Eastern Africa through Strengthening the Links between Research and the Media. Policy researchers have a key role to play in insuring that economic growth and poverty reduction plans are responsive to the needs and interests of poor people. They can ...

  6. Assessing groundwater pollution hazard changes under different socio-economic and environmental scenarios in an agricultural watershed

    Energy Technology Data Exchange (ETDEWEB)

    Lima, M. Lourdes, E-mail: mlima@mdp.edu.ar [Instituto de Geología de Costas y del Cuaternario, FCEyN, Universidad Nacional de Mar del Plata, Funes 3350, Nivel 1, 7600 Mar del Plata (Argentina); Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET) (Argentina); Romanelli, Asunción, E-mail: aromanel@mdp.edu.ar [Instituto de Geología de Costas y del Cuaternario, FCEyN, Universidad Nacional de Mar del Plata, Funes 3350, Nivel 1, 7600 Mar del Plata (Argentina); Instituto de Investigaciones Marinas y Costeras (IIMyC), Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET) (Argentina); Massone, Héctor E., E-mail: hmassone@mdp.edu.ar [Instituto de Geología de Costas y del Cuaternario, FCEyN, Universidad Nacional de Mar del Plata, Funes 3350, Nivel 1, 7600 Mar del Plata (Argentina)

    2015-10-15

    This paper proposes a modeling approach for assessing changes in groundwater pollution hazard under two different socio-economic and environmental scenarios: The first one considers an exponential growth of agriculture land-use (Relegated Sustainability), while the other deals with regional economic growth, taking into account, the restrictions put on natural resources use (Sustainability Reforms). The recent (2011) and forecasted (2030) groundwater pollution hazard is evaluated based on hydrogeological parameters and, the impact of land-use changes in the groundwater system, coupling together a land-use change model (Dyna-CLUE) with a groundwater flow model (MODFLOW), as inputs to a decision system support (EMDS). The Dulce Stream Watershed (Pampa Plain, Argentina) was chosen to test the usefulness and utility of this proposed method. It includes a high level of agricultural activities, significant local extraction of groundwater resources for drinking water and irrigation and extensive available data regarding aquifer features. The Relegated Sustainability Scenario showed a negative change in the aquifer system, increasing (+ 20%; high–very high classes) the contribution to groundwater pollution hazard throughout the watershed. On the other hand, the Sustainability Reforms Scenario displayed more balanced land-use changes with a trend towards sustainability, therefore proposing a more acceptable change in the aquifer system for 2030 with a possible 2% increase (high–very high classes) in groundwater pollution hazard. Results in the recent scenario (2011) showed that 54% of Dulce Stream Watershed still shows a moderate to a very low contribution to groundwater pollution hazard (mainly in the lower area). Therefore, from the point of view of natural resource management, this is a positive aspect, offering possibilities for intervention in order to prevent deterioration and protect this aquifer system. However, since it is quite possible that this aquifer status

  7. Justifying the Ivory Tower: Higher Education and State Economic Growth

    Science.gov (United States)

    Baldwin, J. Norman; McCracken, William A., III

    2013-01-01

    As the U.S. continues to embrace a comprehensive plan for economic recovery, this article investigates the validity of the claim that investing in higher education will help restore state economic growth and prosperity. It presents the findings from a study that indicates that the most consistent predictors of state economic growth related to…

  8. Institutions and economic growth : summary and synthesis

    NARCIS (Netherlands)

    Szirmai, A.

    2013-01-01

    This paper provides a summary, overview and synthesis of the findings of the second phase of the AFD/Maastricht Graduate School of Governance research project on institutions and economic growth. The point of departure for this research project is that the diversity of longrun patterns of economic

  9. ANALYSIS OF THE ECONOMIC GROWTH TRENDS IN ROMANIA BETWEEN 2010-2012

    Directory of Open Access Journals (Sweden)

    Daniela Mihaela NEAMȚU

    2014-06-01

    Full Text Available The question: "Why some countries are richer than others?" is a crucial problem that many economists have proposed to answer. Firstly, it should be noted the fact that the economic development is a quantitative and qualitative concept with a much broader area than growth. It is good that we have economic growth and stability but it is not enough to have economic development. Why? While economic growth is measured by a small number of indicators, among which the most important is the growth rate of GDP, the economic growth implies a long-term dynamic equilibrium, a sustainable growth trajectory based on optimal use of all available resources, the continued development of innovative potential and human capital and the development of strong institutions in order to support economic growth. This study aims, by keeping the interdependence of the investigated aspects, to analyze and describe the following dimensions: GDP per capita and the average productivity per hour, the most important issues that have led to changes of GDP, where Romania is classified from the growth point of view. The study includes the results of research, statistical series and arguments about the evolution of GDP based on National Institute of Statistics and Economic Studies and the Romanian National Bank over the last three years. Finally, the paper proposes a series of lines of action for further sustainable development of our country and reducing the disparities with the EU average.

  10. Geography, demography, and economic growth in Africa.

    Science.gov (United States)

    Bloom, D E; Sachs, J D

    1998-01-01

    This paper presents the effects of climate, topography, and natural ecology on public health, nutrition, demographics, technological diffusion, international trade and other determinants of economic development in Africa. The goal of this paper is to emphasize the need for intensified research on the issues at the intersection of ecology and human society. Geography was given emphasis because of three reasons: the minimal gain from another recitation of the damage caused by statism, protectionism and corruption to African economic performance; negligence of the role of natural forces in shaping economic performance; and tailoring of policies to geographical realities. The paper also discusses the general problems of tropical development and the focus of Africa's problems in worldwide tropical perspectives; demographic trends in Africa; use of standard cross-country growth equations with demographic and geographic variables, to account for the relative roles of geography; and the future growth strategies and the need for urban-based export growth in manufacturing and services. Lastly, the authors provide a summary of conclusions and discuss the agenda for future research.

  11. Life Insurance Contribution, Insurance Development and Economic Growth in China

    Directory of Open Access Journals (Sweden)

    Wang Ying

    2017-07-01

    Full Text Available Under L-type economy, remodelling the growth power in the medium and long term is essential. The insurance industry during the 13th Five-year Plan period has been given a heavy expectation on promoting economic quality and upgrading economic efficiency, so it will try to accelerate its innovation and development process which serves national needs, market demand and people's requirements. Referring to the previous researches of Solow and Zhang and measuring Capital Stock and Total Factor Productivity independently, the paper analyses the inherent correlation between insurance (including life insurance and non-life insurance and economic growth, reveals the contribution law of the insurance development in economic growth in the short and long term from both economic scale and quality respectively. It also shows enlightenments on policy decision for insurance industry, thus helps economic stability under the downturn periods.

  12. The Political Economy of Recent Economic Growth in India

    OpenAIRE

    Raghbendra Jha

    2004-01-01

    The political economy of India’s economic growth is an issue of abiding interest. Higher and sustained economic growth has, all over the world, been the surest and most time tested means of raising living standards and reducing poverty. Further, given that it is a functioning democracy, economic policy in India can often be dictated by political expediency as political parties indulge in competitive populism in the face of improvements in social indicators such as literacy, infant mortality a...

  13. Law, Economic Growth and Human Development: Evidence from Africa

    OpenAIRE

    Asongu Simplice

    2011-01-01

    This paper cuts adrift the mainstream approach to the legal-origins debate on the law-growth nexus by integrating both overall economic and human components in our understanding of how regulation quality and the rule of law lie at the heart of economic and inequality adjusted human developments. Findings summarily reveal that legal-origin does not explain economic growth and human development beyond the mechanisms of law. Our results support the current consensus that, English common-law coun...

  14. Political institutions as substitute for democracy: a political economy analysis of economic growth

    OpenAIRE

    Pereira, Carlos; Teles, Vladimir Kühl

    2009-01-01

    This manuscript empirically assesses the effects of political institutions on economic growth. It analyzes how political institutions affect economic growth in different stages of democratization and economic development by means of dynamic panel estimation with interaction terms. The new empirical results obtained show that political institutions work as a substitute for democracy promoting economic growth. In other words, political institutions are important for increasing economic growth, ...

  15. Economic growth and technological change : an evolutionary interpretation

    NARCIS (Netherlands)

    Verspagen, B.

    2000-01-01

    The aim of this paper is to apply insights from evolutionary economic theory to the question of what can explain recent trends in economic growth, with emphasis on the role of technological change. Obviously, a basic question that precedes this question is "what is evolutionary economic theory"? The

  16. Islam and Economic Growth in Malaysia

    National Research Council Canada - National Science Library

    bin

    2003-01-01

    .... This thesis discusses nation building by fusing Islam, pluralism, democracy, and modernity. It argues that Malaysia's religious tolerance and adherence to western development models fostered economic growth since its independence...

  17. A process-based agricultural model for the irrigated agriculture sector in Alberta, Canada

    Science.gov (United States)

    Ammar, M. E.; Davies, E. G.

    2015-12-01

    Connections between land and water, irrigation, agricultural productivity and profitability, policy alternatives, and climate change and variability are complex, poorly understood, and unpredictable. Policy assessment for agriculture presents a large potential for development of broad-based simulation models that can aid assessment and quantification of policy alternatives over longer temporal scales. The Canadian irrigated agriculture sector is concentrated in Alberta, where it represents two thirds of the irrigated land-base in Canada and is the largest consumer of surface water. Despite interest in irrigation expansion, its potential in Alberta is uncertain given a constrained water supply, significant social and economic development and increasing demands for both land and water, and climate change. This paper therefore introduces a system dynamics model as a decision support tool to provide insights into irrigation expansion in Alberta, and into trade-offs and risks associated with that expansion. It is intended to be used by a wide variety of users including researchers, policy analysts and planners, and irrigation managers. A process-based cropping system approach is at the core of the model and uses a water-driven crop growth mechanism described by AquaCrop. The tool goes beyond a representation of crop phenology and cropping systems by permitting assessment and quantification of the broader, long-term consequences of agricultural policies for Alberta's irrigation sector. It also encourages collaboration and provides a degree of transparency that gives confidence in simulation results. The paper focuses on the agricultural component of the systems model, describing the process involved; soil water and nutrients balance, crop growth, and water, temperature, salinity, and nutrients stresses, and how other disciplines can be integrated to account for the effects of interactions and feedbacks in the whole system. In later stages, other components such as

  18. Impact of Currency Devaluation on Economic Growth of Nigeria ...

    African Journals Online (AJOL)

    The primary aim of the study is to estimate the long run relationship between economic growth (RGDP) and currency devaluation. This study investigated the impact of currency devaluation on economic growth of Nigeria. This was achieved through a review of literature and a test of hypothesis. In order to generate the ...

  19. IMPORTANCE OF REGIONAL DEVELOPMENT PROGRAMS FOR THE ECONOMIC GROWTH OF RURAL AREAS

    Directory of Open Access Journals (Sweden)

    Dorosh A.

    2017-05-01

    Full Text Available Article determine the essence of the definition of "region", defined types of regions. In general, we can distinguish four types of regions, formed to implement the tasks under different direction: a homogeneous regions (formed on the basis of common characteristics – mountain region, economically developed / underdeveloped region and so on.. b functional regions (formed by determining the basic type of economic activity – touristic region, agricultural region, etc.. c administrative regions (formed by pre-defined criteria for performing administrative functions in a particular area – district, local council, etc.. d personal perception regions (based on personal values – Homeland and so on.. The focus of this publication focuses on the study of rural regions. As a result of studies is found that the population of Ukraine decreased by about 7 million Inhabitants. In 1993 there was 52.2 million of people, and in 2016 dropped to 42.7 million (temporary occupied territories excluded. Determined that the most influential factors are the degradation of rural region’s economic and demographic crisis (can be both a cause and consequence of each other. In this regard, the worsening of demographic situation is the biggest problem, because without human resources economic growth can’t be achieved. For more profound understanding of the problem we used the spiral of negative developed of communities/regions proposed by Austrian scientists G. Weber and T. Fisher. It indicates the relationship between adverse events and their sequence. This choice is not accidental, because the spiral indicates that this is a progressive movement that eventually accelerated and the difficulty of stopping the negative processes increases not arithmetically but geometrically. Therefore, developing regional programs of rural development moderators (selected and trained specialists who work in the region cooperate with the heads of communities and local residents

  20. Financial deepening and economic growth in nigeria (1981-2012: A managerial economic perspective

    Directory of Open Access Journals (Sweden)

    Anthony Igwe

    2014-12-01

    Full Text Available The objective of this study is to determine the impact of financial deepening on economic growth in Nigeria. The supply leading hypothesis was adopted as the theoretical framework of the study. Data for analysis was for the period 1981-2012 obtained from the Central Bank of Nigeria Statistical Bulletin. The explanatory variables were logged values of broad money supply/GDP and Credit to the private sector/GDP. The times series data were tested for stationarity using the ADF unit root tests of stationarity and were found to be stationary at first difference. The Engle-Granger Cointegration technique and Error correction model were used for the test of long run relationship. Findings reveal that money supply (MS is positive and weakly significant in determining economic growth. However, credit to the private sector was negative and not significant in the short run. The speed of adjustment of the ECM is 25.51%. This implies that if there are short run fluctuations, GDP will converge to its long run equilibrium path at a speed of about 25.51% in each period .The conclusion is that financial deepening does not have the desired impact on economic growth in Nigeria. Hence, there is a need for increase and improvement in access to private credit to enhance economic growth and investment

  1. Agriculture and natural resources in a changing world - the role of irrigation

    Science.gov (United States)

    Sauer, T.; Havlík, P.; Schneider, U. A.; Kindermann, G.; Obersteiner, M.

    2009-04-01

    Fertile land and fresh water constitute two of the most fundamental resources for food production. These resources are affected by environmental, political, economic, and technical developments. Regional impacts may transmit to the world through increased trade. With a global forest and agricultural sector model, we quantify the impacts of increased demand for food due to population growth and economic development on potential land and water use. In particular, we investigate producer adaptation regarding crop and irrigation choice, agricultural market adjustments, and changes in the values of land and water. Against the background of resource sustainability and food security topics, this study integrates the spatial and operational heterogeneity of irrigation management into a global land use model. It represents a first large scale assessment of agricultural water use under explicit consideration of alternative irrigation options in their particular biophysical, economic, and technical context, accounting for international trade, motivation-based farming, and quantified aggregated impacts on land scarcity, water scarcity, and food supply. The inclusion of technical and economic aspects of irrigation choice into an integrated land use modeling framework provides new insights into the interdisciplinary trade-offs between determinants of global land use change. Agricultural responses to population and economic growth include considerable increases in irrigated area and agricultural water use, but reductions in the average water intensity. Different irrigation systems are preferred under different exogenous biophysical and socioeconomic conditions. Negligence of these adaptations would bias the burden of development on land and water scarcity. Without technical progress in agriculture, predicted population and income levels for 2030 would require substantial price adjustments for land, water, and food to equilibrate supply and demand.

  2. Economic growth and mortality: do social protection policies matter?

    Science.gov (United States)

    Bilal, Usama; Cooper, Richard; Abreu, Francis; Nau, Claudia; Franco, Manuel; Glass, Thomas A

    2017-08-01

    In the 20th century, periods of macroeconomic growth have been associated with increases in population mortality. Factors that cause or mitigate this association are not well understood. Evidence suggests that social policy may buffer the deleterious impact of economic growth. We sought to explore associations between changing unemployment (as a proxy for economic change) and trends in mortality over 30 years in the context of varying social protection expenditures. We model change in all-cause mortality in 21 OECD (Organization for Economic Cooperation and Development) countries from 1980 to 2010. Data from the Comparative Welfare States Data Set and the WHO Mortality Database were used. A decrease in the unemployment rate was used as a proxy for economic growth and age-adjusted mortality rates as the outcome. Social protection expenditure was measured as percentage of gross domestic product expended. A 1% decrease in unemployment (i.e. the proxy for economic growth) was associated with a 0.24% increase in the overall mortality rate (95% confidence interval: 0.07;0.42) in countries with no changes in social protection. Reductions in social protection expenditure strengthened this association between unemployment and mortality. The magnitude of the association was diminished over time. Our results are consistent with the hypothesis that social protection policies that accompany economic growth can mitigate its potential deleterious effects on health. Further research should identify specific policies that are most effective. © The Author 2017; all rights reserved. Published by Oxford University Press on behalf of the International Epidemiological Association

  3. Determinants of Economic Growth in Malaysia 1970-2010

    OpenAIRE

    Fauzi HUSSIN; Norazrul Mat ROS; Mohd Saifoul Zamzuri NOOR

    2013-01-01

    This paper investigates the determinants of economic growth in Malaysia. Trade openness, foreign direct investment, government development expenditure and gross fixed capital formation are used as indicators of economic growth. The study used time series data for the period 1970 to 2010. The Johansen and Juselius cointegration approach was applied to determine the long-run relationship between the variables. The study found that trade openness and foreign direct investment have significant bu...

  4. Electricity consumption and economic growth nexus in Bangladesh: Revisited evidences

    Energy Technology Data Exchange (ETDEWEB)

    Ahamad, Mazbahul Golam, E-mail: mg.ahamad@gmail.com [Research Division, Centre for Policy Dialogue (CPD), House: 40C, Road: 11, Dhanmondi, Dhaka 1209 (Bangladesh); Islam, A.K.M. Nazrul, E-mail: nazrul2002@yahoo.com [Research Division, Centre for Policy Dialogue (CPD), House: 40C, Road: 11, Dhanmondi, Dhaka 1209 (Bangladesh)

    2011-10-15

    In this paper, an attempt is being made to examine the causal relationship between per capita electricity consumption and per capita GDP of Bangladesh using the vector error correction specified Granger causality test to search their short-run, long-run and joint causal relationships for the period of 1971-2008. Empirical findings reveal that there is a short-run unidirectional causal flow running from per capita electricity consumption to per capita GDP without feedback. The presence of a positive short-run causality explains that an increase in electricity consumption directly affects economic activity in Bangladesh. Likewise, results from joint causality exhibit the same as in short-run. By contrast, long-run results show a bi-directional causality running from electricity consumption to economic growth with feedback. These findings can provide essential policy insights to design immediate and long-term growth prospect for Bangladesh keeping in mind its present planned growth strategy and dismal power and energy sector. - Highlights: > Short-run causality running from electricity consumption to economic growth. > Positive SR causality explains electricity generation directly affects economic growth. > For long run, causality runs from electricity consumption to economic growth with feedback. > Joint causality implies the same as in short-run.

  5. Electricity consumption and economic growth nexus in Bangladesh: Revisited evidences

    International Nuclear Information System (INIS)

    Ahamad, Mazbahul Golam; Islam, A.K.M. Nazrul

    2011-01-01

    In this paper, an attempt is being made to examine the causal relationship between per capita electricity consumption and per capita GDP of Bangladesh using the vector error correction specified Granger causality test to search their short-run, long-run and joint causal relationships for the period of 1971-2008. Empirical findings reveal that there is a short-run unidirectional causal flow running from per capita electricity consumption to per capita GDP without feedback. The presence of a positive short-run causality explains that an increase in electricity consumption directly affects economic activity in Bangladesh. Likewise, results from joint causality exhibit the same as in short-run. By contrast, long-run results show a bi-directional causality running from electricity consumption to economic growth with feedback. These findings can provide essential policy insights to design immediate and long-term growth prospect for Bangladesh keeping in mind its present planned growth strategy and dismal power and energy sector. - Highlights: → Short-run causality running from electricity consumption to economic growth. → Positive SR causality explains electricity generation directly affects economic growth. → For long run, causality runs from electricity consumption to economic growth with feedback. → Joint causality implies the same as in short-run.

  6. China and India: Openness, Trade and Effects on Economic Growth

    Directory of Open Access Journals (Sweden)

    Marelli, Enrico

    2011-06-01

    Full Text Available The purpose of this paper is to analyse the economic growth of China and India in terms of their integration in the global economy. We begin with a discussion of some stylized facts concerning their recent economic growth, the most significant institutional reforms, with particular reference to trade relations, and their impact on their economic development. We then propose a descriptive analysis of economic growth, opening up of the economies and trade specialisation, by comparing the features and trends of the two countries (by considering trade and foreign direct investment data. We have also estimated some econometric relations between economic growth and trade/openness, with the addition of control variables (such as the gross fixed capital formation. We initially used a panel data model for the two countries, to be estimated with fixed effects; to test for reverse causality, we re-estimated the fixed effects model by 2SLS (with the inclusion of specific instrumental variables. The effect on economic growth (in terms of GDP per capita of our variables of interest - Openness and FDI - remains positive and statistically significant in all specifications, which confirms our findings even if we treat these variables as endogenous variables. The results prove the positive growth effects, for the two countries, of opening up and integrating in the world economy. Note that the robust growth of these two "giants" has contained the initial impact of the recent global crisis and is now sustaining the recovery of the entire world economy. Other policy relevant implications are discussed in the concluding section.

  7. Rural-urban migration and endogenous ethic: the cultural role of agriculture in economic development

    NARCIS (Netherlands)

    Haagsma, R.; Koning, N.B.J.

    2011-01-01

    This paper argues that, in a developing economy, progress in agriculture may stimulate growth of the urban sector through important non-market-mediated e¤ects. Higher living standards enable traditional agricultural societies to solve their social dilemmas, which implies a stream of civic-minded

  8. Evolving Importance of Securities Market to Ensure Economic Growth: Evidence from Armenia

    Directory of Open Access Journals (Sweden)

    Salnazaryan Ashot

    2017-12-01

    Full Text Available This research aims to reveal the importance of securities market in ensuring economic growth in Armenia. In order to make the research more substantial, we also examined the impact of other financial market segments, such as insurance market and credit market, on the economic growth. To estimate the relationship between financial market segments and economic growth, an empirical research was conducted using correlation and regression techniques. The research reveals that the most significant impact on the economic growth among Armenian financial market segments has the credit market of Armenia. There is no significant relationship between economic growth and insurance, as well as corporate securities market. It is pointed out in the research, that the evolving importance of the role of securities market in the economic growth is not yet demonstrated in Armenia, which, perhaps, results from the absence of interaction between securities market and economy in Armenia.

  9. Back to oil: Indonesia economic growth after Asian financial crisis

    Directory of Open Access Journals (Sweden)

    Heru Iswahyudi

    2016-04-01

    Full Text Available This paper examines the growth experience of Indonesia in the years before and after the Asian financial crisis. Particular attention is paid to the relationship between economic growth and petroleum sector’s total factor productivity (TFP. It finds the possibility that post-crisis Indonesian economic growth has ‘recoupled’ with petroleum sector’s TFP – fluctuations in petroleum TFP is directly correlated with fluctuations in economic growth. Further, although keeping Indonesia’s petroleum sector open to fair competition should be the prime policy, the fact regarding resource nationalism might need to be taken into account in designing the policy to develop the productivity of Indonesia’s petroleum sector.

  10. Structural change and agricultural diversification since China’s reforms

    Directory of Open Access Journals (Sweden)

    Lihua Li

    2017-01-01

    Full Text Available Structural change is considered the major engine in fostering a country’s growth. In the agricultural sector, diversification is the commonly used development strategy to increase rural sector’s flexibility, and to respond to improving technologies and market conditions. This study examined agricultural development and transformation during China’s socio-economic reforms. In particular, it empirically investigated whether the change of China’s agricultural structure is consistent with structural change theory and observed outcomes from other countries. The degree of agricultural diversification was quantitatively measured at a regional scale using the Herfindahl index. An underdeveloped province in northwest China was studied to provide insights into the interaction among structural change, agricultural diversification, and implemented development policies. Aggregate-level analyses suggest that China’s agricultural transformation pattern is consistent with those of other developing countries. A specific provincial-level analysis shows that environmentally and economically disadvantaged regions are slower to diversify their economy than better endorsed regions.

  11. Some Peculiarities of the Economic Growth in ECOWAS Countries

    Directory of Open Access Journals (Sweden)

    Babacar NDIAYE

    2017-12-01

    Full Text Available This article seeks to determine some of the peculiarities of the economic growth in the countries from the Economic Community of West African States (ECOWAS. Thus, the study is based on the country approach and uses econometric regression tests. In fact, in the context of the determination of the real GDP per capita growth rate of the countries in this region during the period 1987-2014, the results obtained show that it is still weak and unstable. Moreover, the weak convergence that has only been observed beginning with 2008 feeds the hope that ECOWAS can truly improve its level of development despite the heterogeneous nature of the countries. In order to overcome these difficulties, improving the socio-economic performance through the growth rate of real GDP per capita represents, among others, a necessity in relation to economic policy decisions.

  12. The economics of agricultural subsidies

    NARCIS (Netherlands)

    Bosch, R.A.

    1985-01-01

    PART ONE

    1. Agricultural subsidies have been defined as a government induced change of relative prices of goods, services and factors of production in the agricultural sector. These agricultural price changes may result from a large number of different government measures varying

  13. End-of-the-Year Economic Growth and Time-varying Expected Returns

    DEFF Research Database (Denmark)

    Møller, Stig Vinther; Rangvid, Jesper

    . To explain these results, we show as the second main fi?nding of our paper that economic growth and growth in economic confidence (consumer con?dence and business con?dence) are strongly correlated during the fourth quarter, but not during the other quarters. In summary, we therefore show that when economic......We show that macroeconomic growth at the end of the year (fourth-quarter or December) strongly predicts the returns of the aggregate market, small- and large-cap stocks, portfolios sorted on book-to-market and dividend yields, bond returns, and international stock returns, whereas economic growth...... during the rest of the year does not predict returns. End-of-the-year economic growth rates contain considerably more information about expected returns than standard variables used to predict returns, are robust to the choice of macro variables, and work in-sample, out-of-sample, and in subsamples...

  14. End-of-the-year economic growth and time-varying expected returns

    DEFF Research Database (Denmark)

    Møller, Stig Vinther; Rangvid, Jesper

    . To explain these results, we show as the second main fi…nding of our paper that economic growth and growth in economic confidence (consumer con…dence and business con…dence) are strongly correlated during the fourth quarter, but not during the other quarters. In summary, we therefore show that when economic......We show that macroeconomic growth at the end of the year (fourth-quarter or December) strongly predicts the returns of the aggregate market, small- and large-cap stocks, portfolios sorted on book-to-market and dividend yields, bond returns, and international stock returns, whereas economic growth...... during the rest of the year does not predict returns. End-of-the-year economic growth rates contain considerably more information about expected returns than standard variables used to predict returns, are robust to the choice of macro variables, and work in-sample, out-of-sample, and in subsamples...

  15. Multilevel approaches and the firm-agglomeration ambiguity in economic growth studies

    NARCIS (Netherlands)

    Oort, F.G. van; Burger, M.J.; Knoben, J.; Raspe, O.

    2012-01-01

    Empirical studies in spatial economics have shown that agglomeration economies may be a source of the uneven distribution of economic activities and economic growth across cities and regions. Both localization and urbanization economies are hypothesized to foster agglomeration and growth, but

  16. Budget Deficits Effects on Economic Growth

    Directory of Open Access Journals (Sweden)

    L.C.Risti

    2013-06-01

    Full Text Available The budget deficit can not be analyzed autarchically, as it affects all the macroeconomic processes and, is itself influenced by all other macroeconomic indicators. Most analyses and studies on public finance and budget balance measure the impact that budgetary deficits accumulation has on economy. Therefore, the present paper aims at following and analyzing the mutual impact between budget deficit and another economic macro indicator, namely the economic growth.

  17. Economic Growth of a Rapidly Developing Economy: Theoretical Formulation

    Directory of Open Access Journals (Sweden)

    Oleg Sergeyevich Sukharev

    2016-06-01

    Full Text Available The subject matter of the article is the description of economic growth. Modern economy is characterized by a high rate of changes. These changes are the limiting parameters of modern development, which requires a modification of the basic models of growth, the substantiation of the expediency and necessity of a rapid development strategy. In a simple mathematical form, the statement of the problem of economic growth in the “green economy” is examined, in which the costs of environmental measures are not considered a priori as hampering economic development (as it is common for a number of modern neoclassical and neo-Keynesian growth models. The methodological basis of the article are the econometric approach and modelling method. The article has a theoretical character. The main hypothesis supposes that the rapid development strategy cannot make an adequate development strategy under certain conditions, but may be acceptable in other its specific conditions. In this sense, the important growth conditions are the availability of resources, the effectiveness of institutions and the current economic structure, the technological effectiveness of economy, as well as the conditions of technological development (“green economy” and the path of such development. In the article, on the theoretical level of analysis, the substantiation of the adequacy of the rapid development strategy for an economic system is given, whose goal is to achieve the standard of living of the countryleader. Based on the assumptions introduced, the period for which the rapid development strategy might be implemented and the economic lag of the country might be reduced from the country-leader is determined. The conditions that ensure the impact of innovations on the rate of economic development are summarized. The introduced range of dependencies and relations can be useful for the elaboration of the theory of innovation development and for the formation of a new

  18. Causal relationship between nuclear energy consumption and economic growth: A multi-country analysis

    International Nuclear Information System (INIS)

    Yoo, Seung-Hoon; Ku, Se-Ju

    2009-01-01

    This paper attempts to investigate the causal relationship between nuclear energy consumption and economic growth using the data from six countries among 20 countries that have used nuclear energy for more than 20 years until 2005. To this end, time-series techniques including the tests for unit roots, co-integration, and Granger-causality are employed to Argentina, France, Germany, Korea, Pakistan, and Switzerland. The main conclusion is that the causal relationship between nuclear energy consumption and economic growth is not uniform across countries. In the case of Switzerland, there exists bi-directional causality between nuclear energy consumption and economic growth. This means that an increase in nuclear energy consumption directly affects economic growth and that economic growth also stimulates further nuclear energy consumption. The uni-directional causality runs from economic growth to nuclear energy consumption without any feedback effects in France and Pakistan, and from nuclear energy to economic growth in Korea. However, any causality between nuclear energy consumption and economic growth in Argentina and Germany is not detected.

  19. ECONOMIC BACKGROUND CROP ROTATION AS A WAY TO PREVENT THE DEGRADATION OF AGRICULTURAL LANDSCAPES

    Directory of Open Access Journals (Sweden)

    Shevchenko O.

    2017-05-01

    Full Text Available This article explores that to successfully combat land degradation on lands occupied in agriculture, it is necessary to conduct complex soil conservation measures constitute a single interconnected system and protect soil from degradation. Found that rotation – a reasonable compromise between the main requirements of production, organization of territory and environment, placing crops in view of a favorable combination; compliance with acceptable saturation parameters optimally varying cultures, and thus the possible timing of a return to their previous cultivation while taking into account the duration of the accepted rotation. Determined that the implementation and observance of crop rotation and better ensure the replenishment of nutrients of the soil, improving and maintaining its favorable physical properties, prevent the emergence of weeds, pests and pathogens cultivated crops and preventing the depletion of soil degradation processes and development. Found that scientifically based crop rotation is the basis for the use of all complex farming practices, differentiated cultivation, rational use of fertilizers and caring for plants. Rotation is correct – it agroecosystem, which created the best conditions for growth and development of various crops, thus providing a growing high and stable yields, obtaining high quality products. Soil and climatic conditions, specialty farms, crops structure and their biological characteristics defined as the type of crop rotation and crop rotation order. Each rotation should be selected such status, which would provide the greatest yield per unit area of rational use of all land. Therefore, proper placement crops in crop rotation must necessarily take into account the requirements of crops to their predecessor, thus it must evaluate not only the direct action of the first culture, but also take into account the impact of the latter on the following crops rotation. On unproductive and degraded lands is

  20. Employment, energy, and economic growth in Australia

    Energy Technology Data Exchange (ETDEWEB)

    Andrews, J

    1979-09-01

    The author examines the complex relationships between energy use, employment opportunities, and economic growth as they apply to the Australian economy and concludes that state and federal governments should collaborate to analyze the employment impacts of the various energy strategies. He sees the need for changes in the political and economic environment as well as in the way energy is used before Australia can return to full employment. While low or zero energy growth policies would not, by themselves, solve the unemployment problem, most new jobs have been created in the labor-intensive service industries. 25 references. (DCK)

  1. Afghanistan Economic Update, April 2014

    OpenAIRE

    Joya, Omar; Khan, Faruk

    2014-01-01

    Economic growth slowed considerably to 3.6 percent (estimated) in 2013 despite robust agricultural production, as heightened uncertainty surrounding the political and security transition led to a slump in investor and consumer confidence. Growth is projected to remain weak in 2014, while a smooth political and security transition would help restore confidence in the economy and enable a pi...

  2. U.S. Government Supports Low Emission Economic Growth

    Energy Technology Data Exchange (ETDEWEB)

    2015-11-01

    Countries around the world face the challenge of maintaining long-term sustainable economic growth and development under the threat of climate change. By identifying and pursuing a sustainable development pathway now, they are better positioned to reach their economic growth goals while addressing climate change impacts and lowering greenhouse gas (GHG) emissions. Low emission development strategies - development plans that promote sustainable social and economic development while reducing long-term GHG emissions - provide a pathway to preparing for a global low emission future. Partner country governments are working with the U.S. government through the Enhancing Capacity for Low Emission Development Strategies (EC-LEDS) program to further their national development objectives.

  3. FDI in Tourism Sector and Economic Growth in Sumatra Utara

    Directory of Open Access Journals (Sweden)

    Parhimpunan Simatupang

    2014-09-01

    Full Text Available Globalization and neo liberal policies such as liberalization and privatization have generated a significant growth for FDI and considered an important source for capital and foreign currency, capable of spurring economic growth in developing countries. One sector that received particular attention, due to its significant contributions towards economic development, especially in Indonesia, is tourism. Tourism investments in Indonesia are mainly focused on the development of fully-integrated resort sites that help boost the construction of tourist facilities such as hotels and the development of the surrounding environment through social and cultural aspects. The total contribution of travel and tourism to GDP was IDR736.3 billion or 8.9% of GDP in 2012. Foreign direct tourism investments grew by 210% between 2011 and 2012, or at an annual compound average growth rate of 38% between 2006 and 2012. While the implications are at national level, not much could be gathered on the local perspectives. This paper intends to explore the implication of FDI in tourism sector towards economic growth in one of tourism attraction provinces in Indonesia—Sumatra Utara. Specifically, which economic factors contributed towards FDI inflows and their impacts on economic growth in Sumatra Utara.

  4. Role of Plant Growth Promoting Rhizobacteria in Agricultural Sustainability—A Review

    Directory of Open Access Journals (Sweden)

    Pravin Vejan

    2016-04-01

    Full Text Available Plant growth promoting rhizobacteria (PGPR shows an important role in the sustainable agriculture industry. The increasing demand for crop production with a significant reduction of synthetic chemical fertilizers and pesticides use is a big challenge nowadays. The use of PGPR has been proven to be an environmentally sound way of increasing crop yields by facilitating plant growth through either a direct or indirect mechanism. The mechanisms of PGPR include regulating hormonal and nutritional balance, inducing resistance against plant pathogens, and solubilizing nutrients for easy uptake by plants. In addition, PGPR show synergistic and antagonistic interactions with microorganisms within the rhizosphere and beyond in bulk soil, which indirectly boosts plant growth rate. There are many bacteria species that act as PGPR, described in the literature as successful for improving plant growth. However, there is a gap between the mode of action (mechanism of the PGPR for plant growth and the role of the PGPR as biofertilizer—thus the importance of nano-encapsulation technology in improving the efficacy of PGPR. Hence, this review bridges the gap mentioned and summarizes the mechanism of PGPR as a biofertilizer for agricultural sustainability.

  5. Role of Plant Growth Promoting Rhizobacteria in Agricultural Sustainability-A Review.

    Science.gov (United States)

    Vejan, Pravin; Abdullah, Rosazlin; Khadiran, Tumirah; Ismail, Salmah; Nasrulhaq Boyce, Amru

    2016-04-29

    Plant growth promoting rhizobacteria (PGPR) shows an important role in the sustainable agriculture industry. The increasing demand for crop production with a significant reduction of synthetic chemical fertilizers and pesticides use is a big challenge nowadays. The use of PGPR has been proven to be an environmentally sound way of increasing crop yields by facilitating plant growth through either a direct or indirect mechanism. The mechanisms of PGPR include regulating hormonal and nutritional balance, inducing resistance against plant pathogens, and solubilizing nutrients for easy uptake by plants. In addition, PGPR show synergistic and antagonistic interactions with microorganisms within the rhizosphere and beyond in bulk soil, which indirectly boosts plant growth rate. There are many bacteria species that act as PGPR, described in the literature as successful for improving plant growth. However, there is a gap between the mode of action (mechanism) of the PGPR for plant growth and the role of the PGPR as biofertilizer-thus the importance of nano-encapsulation technology in improving the efficacy of PGPR. Hence, this review bridges the gap mentioned and summarizes the mechanism of PGPR as a biofertilizer for agricultural sustainability.

  6. Analysis on Investment Behavior of Agricultural Sector in China

    Institute of Scientific and Technical Information of China (English)

    Sun Zhuo

    2015-01-01

    In the process of industrialization, China has been a big agricultural country, and the agricultural sector's economic activities have been playing important role in economic growth. This paper established the investment behavior model of agricultural enterprises on the basis of Chinese practice. And then, the model presented the important factors impacting on investment, such as financing cost, wage, and policy factors,etc. Thirdly, this paper in particular usedR-studio to estimate the impact of financing cost and policy factor on investment and capital accumulation of primary industry sector by gathering the data from 2003 to 2013. The results showed that the official interest rate of loans of financial institutions could be the proxy variable as the financing cost of agricultural enterprises, and the employment level of agricultural enterprises had negative impact on investment. Finally, this paper provided some explanations and suggestions on the basis of above results.

  7. Globalization and economic growth: empirical evidence on the role of complementarities.

    Science.gov (United States)

    Samimi, Parisa; Jenatabadi, Hashem Salarzadeh

    2014-01-01

    This study was carried out to investigate the effect of economic globalization on economic growth in OIC countries. Furthermore, the study examined the effect of complementary policies on the growth effect of globalization. It also investigated whether the growth effect of globalization depends on the income level of countries. Utilizing the generalized method of moments (GMM) estimator within the framework of a dynamic panel data approach, we provide evidence which suggests that economic globalization has statistically significant impact on economic growth in OIC countries. The results indicate that this positive effect is increased in the countries with better-educated workers and well-developed financial systems. Our finding shows that the effect of economic globalization also depends on the country's level of income. High and middle-income countries benefit from globalization whereas low-income countries do not gain from it. In fact, the countries should receive the appropriate income level to be benefited from globalization. Economic globalization not only directly promotes growth but also indirectly does so via complementary reforms.

  8. Globalization and economic growth: empirical evidence on the role of complementarities.

    Directory of Open Access Journals (Sweden)

    Parisa Samimi

    Full Text Available This study was carried out to investigate the effect of economic globalization on economic growth in OIC countries. Furthermore, the study examined the effect of complementary policies on the growth effect of globalization. It also investigated whether the growth effect of globalization depends on the income level of countries. Utilizing the generalized method of moments (GMM estimator within the framework of a dynamic panel data approach, we provide evidence which suggests that economic globalization has statistically significant impact on economic growth in OIC countries. The results indicate that this positive effect is increased in the countries with better-educated workers and well-developed financial systems. Our finding shows that the effect of economic globalization also depends on the country's level of income. High and middle-income countries benefit from globalization whereas low-income countries do not gain from it. In fact, the countries should receive the appropriate income level to be benefited from globalization. Economic globalization not only directly promotes growth but also indirectly does so via complementary reforms.

  9. Multilevel approaches and the firm-agglomeration ambiguity in economic growth studies

    NARCIS (Netherlands)

    van Oort, F.G.|info:eu-repo/dai/nl/107712741; Burger, M.J.|info:eu-repo/dai/nl/371741092; Knoben, J.; Raspe, O.

    2012-01-01

    Empirical studies in spatial economics have shown that agglomeration economies may be a source of the uneven distribution of economic activities and economic growth across cities and regions. Both localization and urbanization economies are hypothesized to foster agglomeration and growth, but recent

  10. Analisa Korelasi Inflasi, Economic Growth, Economic Structure, Dan Tax Rate Terhadap Tax Revenue Di Negara-negara ASEAN

    OpenAIRE

    Lim, Richard; Toly, Agus Arianto

    2013-01-01

    Penelitian ini bertujuan untuk mengetahui korelasi dari inflasi, economic growth, economic structure serta tax rate terhadap tax revenue di negara-negara Asean. Penelitian ini adalah penelitian kuantitatif dan penelitian ini menggunakan data sekunder mengenai inflasi, economic growth, economic structure, tax rate, serta tax revenue yang diperoleh melalui website world bank yaitu http://data.worldbank.org. Sampel yang digunakan dalam penelitian ini adalah negara-negara Asean tahun 2002 sampai ...

  11. Energy scarcity and economic growth reconsidered

    International Nuclear Information System (INIS)

    Uri, N.D.

    1995-01-01

    The analysis in this paper is concerned with the effect of energy scarcity on economic growth in the United States. After defining the notion of scarcity and introducing two measures of scarcity, unit costs and relative energy price, changes in the trend in resource scarcity for natural gas, bituminous coal, anthracite coal, and crude oil over the most recent three decades are investigated. Each of the energy resources became significantly more scarce resources during the decade of the 1970s in the Malthusian Stock Scarcity and Malthusian Flow Scarcity sense. Unit costs exhibit a similar change for natural gas and crude oil but not for bituminous coal and anthracite coal. The situation reversed itself during the 1980s. Natural gas, bituminous coal, anthracite coal, and crude oil all became significantly less scarce resources during the decade of the 1980s than they had been during the 1970s. That is, the increase in scarcity as measured by relative energy prices observed during the decade of the 1970s was not reversed completely during the 1980s for natural gas and crude oil. Unit costs for natural gas and crude oil demonstrate analogous patterns and test results. Given that change has taken place, it has implications for future economic growth to the extent resource scarcity and economic growth are interrelated. (author)

  12. Diesel Consumption of Agriculture in China

    Directory of Open Access Journals (Sweden)

    Shusen Gui

    2012-12-01

    Full Text Available As agricultural mechanization accelerates the development of agriculture in China, to control the growth of the resulting energy consumption of mechanized agriculture without negatively affecting economic development has become a major challenge. A systematic analysis of the factors (total power, unit diesel consumption, etc. influencing diesel consumption using the SECA model, combined with simulations on agricultural diesel flows in China between 1996 and 2010 is performed in this work. Seven agricultural subsectors, fifteen categories of agricultural machinery and five farm operations are considered. The results show that farming and transportation are the two largest diesel consumers, accounting for 86.23% of the total diesel consumption in agriculture in 2010. Technological progress has led to a decrease in the unit diesel consumption and an increase in the unit productivity of all machinery, and there is still much potential for future progress. Additionally, the annual average working hours have decreased rapidly for most agricultural machinery, thereby influencing the development of mechanized agriculture.

  13. The Impact of Social Media on Economic Growth

    OpenAIRE

    Dell'Anno, Roberto; Rayna, Thierry; Solomon, O. Helen

    2015-01-01

    The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link. This article attempts to investigate the impact of social media (SM) on economic growth. Using information obtained from memberships to social networks, we find that SM has a negative and significant impact on economic growth. This provides evidence in favour of our hypothesis that SM increases the search costs for information and also increase...

  14. Demographics, political power and economic growth.

    Science.gov (United States)

    Holtz-eakin, D

    1993-01-01

    "Growth theory may be used to predict the response of saving, capital formation, and output growth to large demographic shifts. Such large shifts would also be expected to alter the demand for government services and the desired levels of taxation in the population. This paper extends the overlapping-generations model of economic growth to predict the evolution of government tax and spending policy through the course of a major demographic shift. Simulations suggest that this approach may yield valuable insights into the evolution of policy in the United States and other industrialized economies." excerpt

  15. Why is electricity consumption inconsistent with economic growth in China?

    International Nuclear Information System (INIS)

    Lin, Boqiang; Liu, Chang

    2016-01-01

    Studies have indicated that there exists a relatively stable and positive correlation between electricity consumption and economic growth and there should not be a large deviation between them. However, the deviation between electricity consumption and economic growth in China during the Asian Financial Crisis and Global Economic Crisis sparks intense debates. We attempt to explain the deviation from the perspective of inventory investment adjustment in the business cycle using the SVAR model in this paper. The results show that the effects of inventory investment adjustment shock and electricity consumption structure shock on the deviation are positive but tend to be negative for electricity efficiency shock. The results of historical decomposition of these shocks also show that the inventory investment adjustment shock is the main factor that influences the deviation during the Global Economic Crisis. Economic fluctuation in the short term can not change the economic development pattern and the characteristics of electricity demand. Once the economy returns to stable growth, the deviation between electricity consumption and economic growth will shrink and disappear soon. - Highlights: • We analyze the deviation between GDP and electricity consumption in business cycle. • The inventory investment adjustment mainly impacts the deviation in China. • Concentrated electricity consumption of heavy industry magnifies the deviation.

  16. The Importance of Considering the Temporal Distribution of Climate Variables for Ecological-Economic Modeling to Calculate the Consequences of Climate Change for Agriculture

    Science.gov (United States)

    Plegnière, Sabrina; Casper, Markus; Hecker, Benjamin; Müller-Fürstenberger, Georg

    2014-05-01

    The basis of many models to calculate and assess climate change and its consequences are annual means of temperature and precipitation. This method leads to many uncertainties especially at the regional or local level: the results are not realistic or too coarse. Particularly in agriculture, single events and the distribution of precipitation and temperature during the growing season have enormous influences on plant growth. Therefore, the temporal distribution of climate variables should not be ignored. To reach this goal, a high-resolution ecological-economic model was developed which combines a complex plant growth model (STICS) and an economic model. In this context, input data of the plant growth model are daily climate values for a specific climate station calculated by the statistical climate model (WETTREG). The economic model is deduced from the results of the plant growth model STICS. The chosen plant is corn because corn is often cultivated and used in many different ways. First of all, a sensitivity analysis showed that the plant growth model STICS is suitable to calculate the influences of different cultivation methods and climate on plant growth or yield as well as on soil fertility, e.g. by nitrate leaching, in a realistic way. Additional simulations helped to assess a production function that is the key element of the economic model. Thereby the problems when using mean values of temperature and precipitation in order to compute a production function by linear regression are pointed out. Several examples show why a linear regression to assess a production function based on mean climate values or smoothed natural distribution leads to imperfect results and why it is not possible to deduce a unique climate factor in the production function. One solution for this problem is the additional consideration of stress indices that show the impairment of plants by water or nitrate shortage. Thus, the resulting model takes into account not only the ecological

  17. INFORMATION AND TELECOMMUNICATION INFRASTRUCTURE AND ECONOMIC GROWTH: AN EXPERIENCE FROM NIGERIA

    Directory of Open Access Journals (Sweden)

    Wasiu Ishola Oyeniran

    2016-11-01

    Full Text Available The study examines the effect of investment in telecommunication infrastructure on economic growth in Nigeria. Using time series data from 1980 and 2012, the study employs autoregressive distributed lag (ARDL bounds testing approach proposed by Pesaran et al., (2001 to estimate the long run and short run effect of investment in telecommunication infrastructure on economic growth. The result from cointegration test showed presence of long run relationship between dependent and all explanatory variables. The study found foreign direct investment in information and communication technology more effective in improving and raising economic growth in Nigeria than government investment. The output from Chow breakpoint test shows that the liberalization of telecommunication industry introduced in 1992 has significant effect on economic growth in Nigeria. Therefore, it is imperative for Nigerian government to increase its spending on telecom and attract more foreign investment in telecommunication in order to boost productivity and economic growth.

  18. THE TERTIARY CIVILIZATION – CONCEPT OF THE ECONOMIC GROWTH

    Directory of Open Access Journals (Sweden)

    Gabriela Liliana CIOBAN

    2014-06-01

    Full Text Available Providing services has become the most important sector of the economy and the main dynamic factor of the economic competition, within the developed countries economies. In such economies, the sector of economies has assimilated the workforce issued in the other sector, when this over plus of labor force represented simultaneously the cause of its expansion. The services have had a double part: they contribute on both the material entertainment of the labor force, as well as on maintaining the reestablishment of people’s health, to their physical and intellectual recovery, to the development of the individual, as regards the cultural and scientific points of view, and implicitly, to the growth of the living standards. For the time being, one can characterize the economies of the developed countries, as well as of many other countries in progress of development, as services oriented economies; the development and diversification of services has been determined by the need of satisfying diversified social needs. In this way, the part of services aims on becoming proportional to their contribution within the process of economic growth. One can definitely say that between services and the economic growth, a double conditioning takes place, meaning: on one hand, the development of services appears as a consequence of the economic growth, and on the other hand, it grows up the economic growth, thus contributing on diversifying the production and on improving the level of training or qualification of the labor force.

  19. Malaysia Economic Monitor, December 2016 : The Quest for Productivity Growth

    OpenAIRE

    World Bank Group

    2016-01-01

    Malaysia’s economic growth has slowed down but remains resilient to external headwinds. The economic growth rate slowed from 5 percent in 2015 to 4.2 percent, year on year, in the first three quarters of 2016. Private consumption growth slowed down due to a softening labor market and households’ ongoing adjustment to a context of fiscal consolidation. Public investment in infrastructure is...

  20. 213 The Role of Stock Market Development on Economic Growth in ...

    African Journals Online (AJOL)

    User

    posited that Douala Stock Exchange does not affect Cameroonian economic growth. Vol. ... liquidity of financial assets, make global and domestic risk diversification possible ... is a link between stock market performance and economic growth in Nigeria, ..... Economic Research (UNU-WIDER): Research Paper No.2006/102.

  1. Linkages between Income Inequality, International Remittances and Economic Growth in Pakistan

    OpenAIRE

    Shahbaz, Muhammad; Ur Rehman, Ijaz; Ahmad Mahdzan, Nurul Shahnaz

    2013-01-01

    This paper explores the dynamic linkages between income inequality, international remittances and economic growth using time series data over the period of 1976-2006 in case of Pakistan. The cointegration analysis based on the bounds test confirms the existence of a long-run relationship between income inequality, international remittances and economic growth. Our results reveal that income inequality and international remittances enhance economic growth. The causality analysis based on innov...

  2. SUSTAINABLE ECONOMIC GROWTH AND ECO-EFFICIENCY

    Directory of Open Access Journals (Sweden)

    Mariana\tLUPAN

    2015-06-01

    Full Text Available The current economic and social contexts have brought forth the issues regarding growth and sustainability. The concept of growth has always been linked to an increase in consumption levels, and this inevitably led to pressures on the environment and on the resources that support human activity. Given these circumstances, the question whether we can avoid an environmental disaster while maintaining economic growth, has become more stringent. We chose to approach this aspect by examining the concept of eco-efficiency, a concept that embodies aspects of both economic efficiency and environmental efficiency. Eco-efficiency can be regarded as the effectiveness with which resources are used in order to create products and services that satisfy human needs. Based on this idea, the last decade has produced an increasing number of studies on eco-efficiency and how it can be measured and implemented in the production of goods and services, but also in the field regarding demand patterns. An analysis regarding the aspects of eco-efficiency at the macro level of the Romanian economy is in line with the current environmental concerns, thus I have chosen to cover these questions, as well as the evolution of the locale economy towards a more sustainable development. The outcome of the examined aspects shows that, in spite of an increase in eco-efficiency levels, energy and material consumption and emissions have increased. This raises the question if measuring economic and environmental efficiency by reporting to the GDP value is becoming obsolete and if there is a need to revaluate eco-efficiency indicators in order to measure the transition to a greener and more sustainable development from different points of view.

  3. New areas in agricultural and food marketing

    DEFF Research Database (Denmark)

    Grunert, Klaus G.; Harmsen, Hanne; Larsen, Hanne Hartvig

    1997-01-01

    of the laws of economics that growth in markets for food products, if any, is not in terms of quantity, but in terms of value. - Most industrialised economies are characterised by an oversupply of agricultural products. - A global tendency towards deregulation, decrease of government subsidies to producers...

  4. Potential ecological and economic consequences of climate-driven agricultural and silvicultural transformations in central Siberia

    Science.gov (United States)

    Tchebakova, Nadezhda M.; Zander, Evgeniya V.; Pyzhev, Anton I.; Parfenova, Elena I.; Soja, Amber J.

    2014-05-01

    Increased warming predicted from general circulation models (GCMs) by the end of the century is expected to dramatically impact Siberian forests. Both natural climate-change-caused disturbance (weather, wildfire, infestation) and anthropogenic disturbance (legal/illegal logging) has increased, and their impact on Siberian boreal forest has been mounting over the last three decades. The Siberian BioClimatic Model (SiBCliM) was used to simulate Siberian forests, and the resultant maps show a severely decreased forest that has shifted northwards and a changed composition. Predicted dryer climates would enhance the risks of high fire danger and thawing permafrost, both of which challenge contemporary ecosystems. Our current goal is to evaluate the ecological and economic consequences of climate warming, to optimise economic loss/gain effects in forestry versus agriculture, to question the relative economic value of supporting forestry, agriculture or a mixed agro-forestry at the southern forest border in central Siberia predicted to undergo the most noticeable landcover and landuse changes. We developed and used forest and agricultural bioclimatic models to predict forest shifts; novel tree species and their climatypes are introduced in a warmer climate and/or potential novel agriculture are introduced with a potential variety of crops by the end of the century. We applied two strategies to estimate climate change effects, motivated by forest disturbance. One is a genetic means of assisting trees and forests to be harmonized with a changing climate by developing management strategies for seed transfer to locations that are best ecologically suited to the genotypes in future climates. The second strategy is the establishment of agricultural lands in new forest-steppe and steppe habitats, because the forests would retreat northwards. Currently, food, forage, and biofuel crops primarily reside in the steppe and forest-steppe zones which are known to have favorable

  5. Economic Growth and Development in the Undergraduate Curriculum

    Science.gov (United States)

    Acemoglu, Daron

    2013-01-01

    A central theme of this article is that economics instructors should spend more time teaching about economic growth and development at the undergraduate level because the topic is of interest to students, is less abstract than other macroeconomic topics, and is the focus of exciting research in economics. Facts and data can be presented to…

  6. Interaction between Financial Intermediation Efficiency and Economic Growth

    Directory of Open Access Journals (Sweden)

    Milka Grbic

    2016-12-01

    Full Text Available Financial intermediaries have the key role in making a connection between savings and investments. Given the fact that an efficient transfer of savings into investments is made more difficult by transaction and information costs, financial intermediaries are specialized in minimizing the said costs per unit of invested capital. They are also trained to identify productive and innovative investment endeavors which contribute to the growth of real output. Real output growth is the basis for increasing the financial potential, which creates the basis for the development of financial intermediaries. In connection with that, apart from the analysis of the relevant factors making the process of the mobilization and transfer of savings more difficult, the theoretical models that put an emphasis on the relationship between the efficiency of financial intermediation and economic growth are discussed in the paper. The research results are indicative of the fact that the improvement in financial intermediaries’ business doing enables faster economic growth. Simultaneously, the growth of the economic activity increases the scope of the business operations conducted by financial intermediaries. Thanks to the effects of the economies of scale that contribute to a reduction in transaction and information costs, the efficiency of financial intermediations grows.

  7. Renewable Resources, Capital Accumulation, and Economic Growth

    OpenAIRE

    Wei-Bin Zhang

    2011-01-01

    This paper proposes a dynamic economic model with physical capital and renewable resources. Different from most of the neoclassical growth models with renewable resources which are based on microeconomic foundation and neglect physical capital accumulation, this study proposes a growth model with dynamics of renewable resources and physical capital accumulation. The model is a synthesis of the neoclassical growth theory and the traditional dynamic models of renewable resources with an alterna...

  8. Stages of growth in economic development

    Czech Academy of Sciences Publication Activity Database

    Kejak, Michal

    2003-01-01

    Roč. 27, č. 5 (2003), s. 771-800 ISSN 0165-1889 Institutional research plan: CEZ:AV0Z7085904 Keywords : growth * human capital * development Subject RIV: AH - Economics Impact factor: 0.690, year: 2003

  9. Investigation of mixotrophic, heterotrophic, and autotrophic growth of Chlorella vulgaris under agricultural waste medium.

    Science.gov (United States)

    Mohammad Mirzaie, M A; Kalbasi, M; Mousavi, S M; Ghobadian, B

    2016-01-01

    Growth of Chlorella vulgaris and its lipid production were investigated under autotrophic, heterotrophic, and mixotrophic conditions. Cheap agricultural waste molasses and corn steep liquor from industries were used as carbon and nitrogen sources, respectively. Chlorella vulgaris grew remarkably under this agricultural waste medium, which resulted in a reduction in the final cost of the biodiesel production. Maximum dry weight of 2.62 g L(-1) was obtained in mixotrophic growth with the highest lipid concentration of 0.86 g L(-1). These biomass and lipid concentrations were, respectively, 140% and 170% higher than autotrophic growth and 300% and 1200% higher than heterotrophic growth. In mixotrophic growth, independent or simultaneous occurrence of autotrophic and heterotrophic metabolisms was investigated. The growth of the microalgae was observed to take place first heterotrophically to a minimum substrate concentration with a little fraction in growth under autotrophic metabolism, and then the cells grew more autotrophically. It was found that mixotrophic growth was not a simple combination of heterotrophic and autotrophic growth.

  10. Economic growth, biodiversity loss and conservation effort.

    Science.gov (United States)

    Dietz, Simon; Adger, W Neil

    2003-05-01

    This paper investigates the relationship between economic growth, biodiversity loss and efforts to conserve biodiversity using a combination of panel and cross section data. If economic growth is a cause of biodiversity loss through habitat transformation and other means, then we would expect an inverse relationship. But if higher levels of income are associated with increasing real demand for biodiversity conservation, then investment to protect remaining diversity should grow and the rate of biodiversity loss should slow with growth. Initially, economic growth and biodiversity loss are examined within the framework of the environmental Kuznets hypothesis. Biodiversity is represented by predicted species richness, generated for tropical terrestrial biodiversity using a species-area relationship. The environmental Kuznets hypothesis is investigated with reference to comparison of fixed and random effects models to allow the relationship to vary for each country. It is concluded that an environmental Kuznets curve between income and rates of loss of habitat and species does not exist in this case. The role of conservation effort in addressing environmental problems is examined through state protection of land and the regulation of trade in endangered species, two important means of biodiversity conservation. This analysis shows that the extent of government environmental policy increases with economic development. We argue that, although the data are problematic, the implications of these models is that conservation effort can only ever result in a partial deceleration of biodiversity decline partly because protected areas serve multiple functions and are not necessarily designated to protect biodiversity. Nevertheless institutional and policy response components of the income biodiversity relationship are important but are not well captured through cross-country regression analysis.

  11. Trade Openness and its Effects on Economic Growth in selected Asian Countries

    OpenAIRE

    Ganbold, Delgermaa

    2014-01-01

    This bachelor thesis examines the effect of international trade on economic growth in China, Kazakhstan and Mongolia. The determinants of international trade and their impact on economic development are reviewed in the Theoretical background. Subsequently, the countries' major trading factors and trade strategies which contribute to their economic growth are also analysed in this thesis. The main aim - the quantification of relationship between international trade and economic growth is appli...

  12. Contribution of services to economic growth: Kaldor’s fifth law?

    Directory of Open Access Journals (Sweden)

    Adilson Giovanini

    2017-08-01

    Full Text Available Purpose: This study questions whether there is a Kaldor’s fifth law and tests whether the size of the intermediate services sector contributes to the growth of the industrial sector. Originality/Value: The laws proposed by Kaldor consider that the industrial sector contributes to economic growth and affirm that the growth of this sector depends on the existing demand for industrial products. If this new law is corroborated we have the initial evidences that the growth of the service sector contributes to the growth of the industry. Design/methodological/approach: The existence of this new law is tested through the estimation of panel VAR models for eight developed countries in the period 1980-2009. Findings: The growth of the service sector causes Granger to increase industrial productivity, industrial density and economic complexity. The causality test shows that there is a bidirectional causal relationship between the growth of the service sector and the industrial density and between the growth of the service sector and the Economic Complexity Index.

  13. Political instability and economic growth: an empirical evidence from the Baltic states

    Directory of Open Access Journals (Sweden)

    Ladislava Grochová

    2011-01-01

    Full Text Available For more than last 20 decades, new political economics has been dealing with theories of economic growth (for example influential contributions by Mancur Olson, Dani Rodrik. However, less attention has been paid to their empirical verification. The new political economics growth theory defines some factors that are necessary for economic growth among which political stability. Our aim is to test the theory focused on political stability empirically in order to enrich the studies with recent European results. The paper uses a single-equation model to reject a hypothesis that political stability is a necessary condition for economic growth finding a relationship between economic growth and political instability. A demonstration that political stability is not a crucial factor for economic development in general then represents the main goal of the contribution. There are distinguished two types of political instability – elite and non-elite – in topical literature. While non-elite political instability concerns about violent coups, riots or civil wars, elite political instability is represented with “soft changes” such as government breakdowns, fragile majority or minority governments. A number of government changes is used as a proxy of elite political instability. The disproof of the hypothesis is demonstrated on data from the Baltic states where number of government changes takes place and still fast economic growth could be seen within last two decades. Since it is shown that political instability has almost no impact on economic growth, we consider the hypothesis regarding a necessity of political stability for economic development to be only a specific non-generalizable case.

  14. Relationship of Economic Growth with Tourism Sector

    Directory of Open Access Journals (Sweden)

    Abdul Holik

    2016-06-01

    Full Text Available This research aims to analyze the impact of  foreign tourists towards the economic growth. It was conducted from 1995 until 2012 on five ASEAN member countrie: Indonesia, Malaysia, Thailand, Philippines, and Singapore. It used the quantitative method; it is one-way random effect of panel regression. The data, which is functioned as dependent variables, were taken from WDI (World Development Indicator of the World Bank for the Gross Domestic Product (GDP. Meanwhile, the data of revenue from the foreign tourist visit (Rec, the number of foreign tourist arrival (Arr, and the exchange rate (Xrate are functioned as the independent variables. Based on the research result, there is evidence that international tourism can increase the economic growth in those countries. The three independent variables have a positive and  significant impact to the dependent variables. Based on the findings, the governments of five ASEAN member countries should be able to maintain the sustainability of tourism sector in order to be stronger and to have global market-orientation. In fact, tourism services can support the  economic growth because the potential of those ASEAN countries cannot be taken lightly.

  15. Relationship of Economic Growth with Tourism Sector

    Directory of Open Access Journals (Sweden)

    Abdul Holik

    2016-06-01

    Full Text Available This research aims to analyze the impact of foreign tourists towards the economic growth. It was conducted from 1995 until 2012 on five ASEAN member countrie: Indonesia, Malaysia, Thailand, Philippines, and Singapore. It used the quantitative method; it is one-way random effect of panel regression. The data, which is functioned as dependent variables, were taken from WDI (World Development Indicator of the World Bank for the Gross Domestic Product (GDP. Meanwhile, the data of revenue from the foreign tourist visit (Rec, the number of foreign tourist arrival (Arr, and the exchange rate (Xrate are functioned as the independent variables. Based on the research result, there is evidence that international tourism can increase the economic growth in those countries. The three independent variables have a positive and significant impact to the dependent variables. Based on the findings, the governments of five ASEAN member countries should be able to maintain the sustainability of tourism sector in order to be stronger and to have global market-orientation. In fact, tourism services can support the economic growth because the potential of those ASEAN countries cannot be taken lightly.

  16. Public Expenditures and Economic Growth: Was Wagner Right? Evidence from Turkey

    Directory of Open Access Journals (Sweden)

    Gizem Uzuner

    2017-06-01

    Full Text Available Going by Adolph Wagner’s theory, increased in public expenditure would have a significant influence growth. However, the endogenous growth theories posit that public sector either has direct or indirect impacts on economic growth. It is on this premise, we seek to examine and validate Wagner’s theory on the impact of current, investment and transfer expenditures on economic growth over the periods 1975-2014 for Turkey, using Johansen co-integration test and Granger causality test. Findings confirm Wagner’s law through the existence of a long term relationship between the variables, while public expenditures display a significant positive impact on economic growth.

  17. The Relationship Between Economic Growth and Stock Returns : Evidence From Turkey

    Directory of Open Access Journals (Sweden)

    Mehmet ŞENTÜRK

    2014-12-01

    Full Text Available Financial development is one of the most important determinants of the economic development. Financial developments in Turkey began in the early 1980s and still have continued. During this period, it has survived a severe interaction between financial development and economic growth. In this study, the causality relationship between stock returns and economic growth in Turkey it was analysed over the period 1998Q2-2014Q2. In this context; firstly, Bootstrapped Toda-Yamamoto and Frequency Domain causality tests were applied in order to understand the causality relationship between the two variables. As a result of the Bootstrapped Toda-Yamamoto causality test results, there is no relation of causality between the variables, but according to Frequency Domain causality test stock returns cause the economic growth in short term and economic growth cause stock returns in medium term.

  18. Military spending and economic growth in China: a regime-switching analysis

    OpenAIRE

    Menla Ali, F; Dimitraki, O

    2014-01-01

    This article has been made available through the Brunel Open Access Publishing Fund. This article investigates the impact of military spending changes on economic growth in China over the period 1953 to 2010. Using two-state Markov-switching specifications, the results suggest that the relationship between military spending changes and economic growth is state dependent. Specifically, the results show that military spending changes affect the economic growth negatively during a slower grow...

  19. The causal relationship between electricity consumption and economic growth in the ASEAN countries

    International Nuclear Information System (INIS)

    Yoo, S.-H.

    2006-01-01

    This paper investigates the causal relationship between electricity consumption and economic growth among the Association of South East Asian Nations (ASEAN) 4 members, namely Indonesia, Malaysia, Singapore, and Thailand, using modern time-series techniques for the period 1971-2002. The results indicate that there is a bi-directional causality between electricity consumption and economic growth in Malaysia and Singapore. This means that an increase in electricity consumption directly affects economic growth and that economic growth also stimulates further electricity consumption in the two countries. However, uni-directional causality runs from economic growth to electricity consumption in Indonesia and Thailand without any feedback effect. Thus, electricity conservation policies can be initiated without deteriorating economic side effects in the two countries

  20. RELATIONSHIP BETWEEN ECONOMIC GROWTH AND HUMAN CAPITAL

    Directory of Open Access Journals (Sweden)

    Mihaela Tania SANDU

    2010-02-01

    Full Text Available Recognizing the importance of infl uence exerted by human capital oneconomic growth of a country, to base decisions regarding the need to invest in such type of capital there are conducted studies and used different models for analysis related to a series of macroeconomic and demographic indicators.We present the main indicators and dynamics of human capital, placedin the economic context of Romania, with reference, in bringing out statistics data, to an average period of time (between 1994-2008 characterized at macroeconomic level, both by recession and economic growth periods. There were also highlighted indicators and dynamics, both at national and individual level.

  1. Population growth of Mexican free-tailed bats (Tadarida brasiliensis mexicana predates human agricultural activity

    Directory of Open Access Journals (Sweden)

    Cox Murray P

    2011-04-01

    Full Text Available Abstract Background Human activities, such as agriculture, hunting, and habitat modification, exert a significant effect on native species. Although many species have suffered population declines, increased population fragmentation, or even extinction in connection with these human impacts, others seem to have benefitted from human modification of their habitat. Here we examine whether population growth in an insectivorous bat (Tadarida brasiliensis mexicana can be attributed to the widespread expansion of agriculture in North America following European settlement. Colonies of T. b. mexicana are extremely large (~106 individuals and, in the modern era, major agricultural insect pests form an important component of their food resource. It is thus hypothesized that the growth of these insectivorous bat populations was coupled to the expansion of agricultural land use in North America over the last few centuries. Results We sequenced one haploid and one autosomal locus to determine the rate and time of onset of population growth in T. b. mexicana. Using an approximate Maximum Likelihood method, we have determined that T. b. mexicana populations began to grow ~220 kya from a relatively small ancestral effective population size before reaching the large effective population size observed today. Conclusions Our analyses reject the hypothesis that T. b. mexicana populations grew in connection with the expansion of human agriculture in North America, and instead suggest that this growth commenced long before the arrival of humans. As T. brasiliensis is a subtropical species, we hypothesize that the observed signals of population growth may instead reflect range expansions of ancestral bat populations from southern glacial refugia during the tail end of the Pleistocene.

  2. Evaluation of trade influence on economic growth rate by computational intelligence approach

    Science.gov (United States)

    Sokolov-Mladenović, Svetlana; Milovančević, Milos; Mladenović, Igor

    2017-01-01

    In this study was analyzed the influence of trade parameters on the economic growth forecasting accuracy. Computational intelligence method was used for the analyzing since the method can handle highly nonlinear data. It is known that the economic growth could be modeled based on the different trade parameters. In this study five input parameters were considered. These input parameters were: trade in services, exports of goods and services, imports of goods and services, trade and merchandise trade. All these parameters were calculated as added percentages in gross domestic product (GDP). The main goal was to select which parameters are the most impactful on the economic growth percentage. GDP was used as economic growth indicator. Results show that the imports of goods and services has the highest influence on the economic growth forecasting accuracy.

  3. Conflict Between Economic Growth and Environmental Protection

    Energy Technology Data Exchange (ETDEWEB)

    Czech, Bryan

    2012-01-09

    The conflict between economic growth and environmental protection may not be reconciled via technological progress. The fundamentality of the conflict ultimately boils down to laws of thermodynamics. Physicists and other scholars from the physical sciences are urgently needed for helping the public and policy makers grasp the conflict between growth and environmental protection.

  4. A new look at the decomposition of agricultural productivity growth incorporating weather effects.

    Science.gov (United States)

    Njuki, Eric; Bravo-Ureta, Boris E; O'Donnell, Christopher J

    2018-01-01

    Random fluctuations in temperature and precipitation have substantial impacts on agricultural output. However, the contribution of these changing configurations in weather to total factor productivity (TFP) growth has not been addressed explicitly in econometric analyses. Thus, the key objective of this study is to quantify and to investigate the role of changing weather patterns in explaining yearly fluctuations in TFP. For this purpose, we define TFP to be a measure of total output divided by a measure of total input. We estimate a stochastic production frontier model using U.S. state-level agricultural data incorporating growing season temperature and precipitation, and intra-annual standard deviations of temperature and precipitation for the period 1960-2004. We use the estimated parameters of the model to compute a TFP index that has good axiomatic properties. We then decompose TFP growth in each state into weather effects, technological progress, technical efficiency, and scale-mix efficiency changes. This approach improves our understanding of the role of different components of TFP in agricultural productivity growth. We find that annual TFP growth averaged 1.56% between 1960 and 2004. Moreover, we observe substantial heterogeneity in weather effects across states and over time.

  5. Political instability and economic growth: an empirical evidence from the Baltic states

    OpenAIRE

    Ladislava Grochová; Luděk Kouba

    2011-01-01

    For more than last 20 decades, new political economics has been dealing with theories of economic growth (for example influential contributions by Mancur Olson, Dani Rodrik). However, less attention has been paid to their empirical verification. The new political economics growth theory defines some factors that are necessary for economic growth among which political stability. Our aim is to test the theory focused on political stability empirically in order to enrich the studies with recent ...

  6. Financial Sector Development, Economic Growth and Poverty Reduction: New Evidence from Nigeria

    Directory of Open Access Journals (Sweden)

    Muhammad Yusuf DANDUME

    2014-12-01

    Full Text Available There is a common view that a well developed financial system will usher economic growth and further reduce the level of poverty. In late years the automaticity of this relationship in poor states such as Nigeria has been an area of considerable argument. This study attempts to examine this presuppose causal relationship between financial sector development, economic growth and poverty reduction in Nigeria. The study uses Autoregressive Distributed Lag model (ARDL and Toda and Yamamoto No causality test, using a time series data covering the period of 1970-2011. The study includes poverty into the ongoing competing finance growth nexus hypothesis, in order to ascertain whether the poor segment of the Nigerian society have access to financial resources and also fully participate in the economic growth process in the country. Empirical results of the study reveal that financial sector development does not cause poverty reduction. This implies, increased in the supply of loan able funds due to financial sector development is not enough to ensure poverty reduction. Certain measures are important. Therefore, the results reveal, that economic growth causes financial sector growth. Implies that economic growth lead and financial sector follow. This implies that for financial sector development, economic growth is necessary, even though not sufficient for poverty reduction.

  7. Do Corruption and Social Trust affect Economic Growth? A Review

    DEFF Research Database (Denmark)

    Serritzlew, Søren; Sønderskov, Kim Mannemar; Svendsen, Gert Tinggaard

    2014-01-01

    Two separate literatures suggest that corruption and social trust, respectively, are related to economic growth, although the strengths of the relationships, and the direction of causality, are still debated. In this paper, we review these literatures and evaluate the evidence for causal effects...... of corruption and trust on economic growth, and discuss how corruption and trust are interrelated. The reviews show that absence of corruption and high levels of social trust foster economic growth. The literatures also indicate that corruption has a causal effect on social trust, while the opposite effect...... is more uncertain. In the conclusion, we offer the suggestion that fighting corruption may yield a “double dividend”, as reduced corruption is likely to have both direct and indirect effects on growth....

  8. The Dynamic Relationship between Crime and Economic Growth in Nigeria

    Directory of Open Access Journals (Sweden)

    Adekoya Adenuga Fabian

    2017-03-01

    Full Text Available Crime is a major impediment to economic growth and development in Nigeria despite measures taken to reduce it. There is, however, currently no major statistical analysis of how crime affects economic growth in that country. This study examines the link between crime and growth based on the theory of rational choice and empirical data. Exogenous and endogenous growth models are employed, and include deterrence variables. The period examined is 1970–2013 and estimation is done using the autoregressive distributed lag model. The results of our study show that crime affects economic growth at a 1% and 10% level of significance. In other words, crime imposes the costs of prosecution and punishment on the citizens and country, which influences the growth of the economy. Given our results, we suggest that police and the system of justice should be strengthened. Indeed, this may be necessary if the development target stated in Nigeria vision 20: 2020 is to be reached.

  9. Determinants of economic growth: will data tell?

    OpenAIRE

    Ciccone, Antonio; Jarociński, Marek

    2008-01-01

    Many factors inhibiting and facilitating economic growth have been suggested. Will international income data tell which matter when all are treated symmetrically a priori? We find that growth determinants emerging from agnostic Bayesian model averaging and classical model selection procedures are sensitive to income differences across datasets. For example, many of the 1975-1996 growth determinants according to World Bank income data turn out to be irrelevant when using Penn World Table data ...

  10. Three essays on energy and economic growth

    Science.gov (United States)

    Peach, Nathanael David

    2011-12-01

    This dissertation explores the relationship between energy and economic growth. Chapter Two, Three, and Four examine the interaction of energy-related measures and economic outcomes by applying different methodologies across various spatial dimensions. Chapter Two shows that increases in energy consumption are necessary for increases in state level economic growth to occur. Chapter Three estimates a simultaneous supply and demand energy market at the state level. This system allows for estimates of structural elasticities to be obtained. Findings indicate that energy supply is considerably more elastic than energy demand. Energy demand is found to be determined by responses to short run shocks rather than long run processes. Chapter Four estimates the impact of changes in various elements of governance and institutional quality impact genuine investment within an economy. Increases in democracy are predicted to decrease genuine investment in energy-rich nations. The dissertation concludes with Chapter Five.

  11. Energy consumption and economic growth: Evidence from Cameroon

    International Nuclear Information System (INIS)

    Fondja Wandji, Yris D.

    2013-01-01

    The aim of this paper is to study the nature of the relationship between energy consumption and economic growth in Cameroon through a three-step approach: (i) Study the stationarity of the chronic, (ii) test of causality between variables and (iii) estimate the appropriate model. The study concludes in a non-stationarity of the series. Using the data in first difference, the Granger causality test yields a strong evidence for unidirectional causality running from OIL to GDP. Cointegration tests also show that these two series are co-integrated and the Error Correction Model (ECM) reveals that every percentage increase in Oil products consumption increases economic growth by around 1.1%. This result confirms the intuition that an economic policy aimed at improving energy supply will necessarily have a positive impact on economic growth. On the other side, a lack of energy is a major bottleneck for further economic development in Cameroon. - Highlights: • The series of GDP, ELECTRICITY, OIL and BIOFUELS are integrated of order 1. • The Granger causality test yields a unidirectional causality running from OIL to GDP. • No causal link between GDP and ELECTRICITY, and no more between GDP and BIOFUELS. • Cointegration tests also show that only OIL and GDP are co-integrated. • Every percentage increase in OIL increases GDP by around 1.1%

  12. The Critical Analysis of the Intervention Basis and Evolution in Agriculture

    Directory of Open Access Journals (Sweden)

    Włodzimierz Rembisz

    2010-12-01

    Full Text Available The principles and evolution of intervention in agriculture are critically analyzed from the perspective of the economics and economic of agriculture theories. The allocation and returns aspects of economics are used as references in the analysis. The assumptions and outcomes of a triple factors production function, first aspect, are usually used as a justification for intervention support. That type of production function explains, as is believed, the lover possibilities of labor productivity growth in agriculture compared to non- farm labor employment. That affects, as assumed, income disparities between farm and non-farm labor. The analysis also disputes the politically, institutionally and administratively based justifications for the intervention. The evolution of intervention measures from price support towards direct payments and subsequently more market, are subject of review as well.

  13. The physical limits to economic growth by R&D funded innovation

    International Nuclear Information System (INIS)

    Beaudreau, Bernard C.; Lightfoot, H. Douglas

    2015-01-01

    For over three decades, worldwide R&D expenditure has risen steadily, reaching $1.3 trillion in 2011. Underlying this unprecedented growth is a deeply-held belief that R&D is a prime mover of economic growth. Ironically, despite three decades of massive R&D expenditure, growth levels have remained substantially lower than that of the immediate post World War II period. This raises important theoretical questions regarding R&D and its impact on growth per se. For example, R&D-growth has been modeled and continues to be modeled as an unbounded set. This has not been inconsequential because it has introduced an upward bias in growth projections as evidenced in the literature. More importantly, are there physically-determined upper limits to R&D-based growth and, if so, what are they? This paper uses the physical sciences to map the physical limits to R&D-based innovation. A consilient model of economic growth is presented and upper bounds for energy efficiency-based growth rates are provided, both for individual energy sectors and globally. We find that with economic growth by innovation limited by physical conditions, increasing the rate of economic growth can only come through increasing the rate of energy consumption. - Highlights: • Worldwide, R&D expenditures have grown steadily yet economic growth remains anemic. • This paper examines the physics of process-based R&D using a consilient model of wealth creation. • Growth is formalized in terms of (i) energy consumption growth and (ii) changes in energy efficiency. • Detailed estimates of changes in energy efficiency are provided for the period 1990–2100. • The results of the paper establish the upper bound of changes in energy efficiency at 0.68 percent per year

  14. AGRICULTURE AND AGRICULTURAL COOPERATIVES IN JAPAN - A MODEL FOR COOPERATIVIZATION OF AGRICULTURE FROM ROMANIA

    Directory of Open Access Journals (Sweden)

    Remus Gherman

    2016-10-01

    Full Text Available Japan's agriculture provides only a part from the population's needs, in caloric terms Japan must impute 60% of foods. Arable land are few, but are worked very performant, rice being the main crop together with cotton, citrus, sugarcane, wheat, potato, soybean, sugar beet, other vegetables. Widely is practiced sericulture and fisheries, Japan being one of the leading producers of silk from the world and having over 600 ports specialized for fishing. Japanese agriculture has remained behind the industry and services, this trend being manifested after the very high economic growth from 1960-1970. The main focus of the movements from the Japanese cooperative system is represented by the creation of large specialized farms through the replacing of the traditional ones. The most important task of agricultural cooperatives from Japan is meeting the consumption needs of its members. Integrated leadership of Japanese cooperatives of farmers act at all levels, primary, at prefecture level and at national level. Contractual relationships play a decisive role in the integration of Japanese farmers. In Japan there are about 840 agricultural cooperatives very well organized with a balanced planning and efficiently conducted, agricultural cooperative MIKABI being the most developed, mainly focused on the production of mandarins. In Japan there are three large distribution centers of agricultural products, 29 distribution markets controlled by the prefecture and 1,000 local markets. Organization of cooperatives is the pyramid system on three levels: local, prefecture and national (National Federation of Agricultural Cooperatives.

  15. Insurance Market Activity and Economic Growth: Evidence from Nigeria

    Directory of Open Access Journals (Sweden)

    Philip Chimobi Omoke

    2012-04-01

    Full Text Available The focus of this study is to empirically assess insurance market activities in Nigeria withthe view to determining its impact on economic growth. The period of study was 1970- 2008, thestudy made use of insurance density measures (premium per capita as a measure for insurancemarket activity and real GDP for economic growth. It also employed control variables such asinflation and savings rate as other determinants ofgrowth. The Johansen cointegration and vectorerror correction approach was used to estimate therelationship between the variables. All thevariables used were stationary at first differenceand the result showed a long term relationshipexisting among the variables. The hallmark findingof this study is that the insurance sector did notreveal any positively and significant affect on economic growth in Nigeria within the period of study.The result shows a low insurance market activity inNigeria and that Nigerians have not fully embracethe insurance industry despite its importance to the growth of theeconomy.

  16. Institution, Financial Sector, and Economic Growth: Use The Institutions As An Instrument Variable

    Directory of Open Access Journals (Sweden)

    Albertus Girik Allo

    2016-06-01

    Full Text Available Institution has been investigated having indirect role on economic growth. This paper aims to evaluate whether the quality of institution matters for economic growth. By applying institution as instrumental variable at Foreign Direct Investment (FDI, quality of institution significantly influence economic growth. This study applies two set of data period, namely 1985-2013 and 2000-2013, available online in the World Bank (WB. The first data set, 1985-2013 is used to estimate the role of financial sector on economic growth, focuses on 67 countries. The second data set, 2000-2013 determine the role of institution on financial sector and economic growth by applying 2SLS estimation method. We define institutional variables as set of indicators: Control of Corruption, Political Stability and Absence of Violence, and Voice and Accountability provide declining impact of FDI to economic growth.

  17. Coal consumption and economic growth nexus: Evidence from bootstrap panel Granger causality test

    Directory of Open Access Journals (Sweden)

    Anoruo Emmanuel

    2017-01-01

    Full Text Available This paper explores the causal relationship between coal consumption and economic growth for a panel of 15 African countries using bootstrap panel Granger causality test. Specifically, this paper uses the Phillips-Perron unit root test to ascertain the order of integration for the coal consumption and economic growth series. A bootstrap panel Granger causality test is employed to determine the direction of causality between coal consumption and economic growth. The results provide evidence of unidirectional causality from economic growth to coal consumption. This finding implies that coal conservation measures may be implemented with little or no adverse impact on economic growth for the sample countries as a group.

  18. Effects of South Africa’s Economic Growth on Sub-Saharan Africa

    Directory of Open Access Journals (Sweden)

    Kwon Sik Kim

    2007-06-01

    Full Text Available Major countries, such as the United States, Japan, and China have already recognized the potential of Africa’s markets. Korea has also taken notice of Africa's diverse export markets recently. However, Africa is comprised of 53 different countries and, as a result, entry into the region poses a formidable strategic challenge. Korean authorities and export groups have suggested a "3 plus 2 Country Strategy" in order to make inroads into the African region. This paper contributes to discussions of this strategy by comparing the effects of economic growth in South Africa and Nigeria on Sub-Saharan Africa. In addition, because economic power in Africa is concentrated in a small number of countries, whose market characteristics are different from those of integrated unions, the determinants of economic growth in Africa as a whole and unions may be different. This paper investigates whether or not this is, in fact, the case. The empirical results can be summarized as follows: First, the effects of South Africa's economic growth on Sub-Saharan Africa and the SADC (a representative union of South Africa are much larger than the effects of Nigeria's growth on Sub-Saharan Africa and the ECOWAS (a representative union of Nigeria. These empirical results imply that the preferred country to pursue economic cooperation with is South Africa. Second, we confirm that determinants of economic growth are different for Africa and the unions. The main determinant of growth in African countries may be the population ratio, but in the SADC, growth appears to be determined by ratio trade volumes of GDP. Finally, we also find that the ratio investments of GDP have a positive influence on the economic growth of both Africa and SADC.

  19. View Point: Economic growth and child health in Sub Saharan Africa ...

    African Journals Online (AJOL)

    View Point: Economic growth and child health in Sub Saharan Africa. BA O'Hare, N Bar-Zeev, L Chiwaula. Abstract. After independence most African countries witnessed growth in their economies and decreases in child mortality. However both economic growth and the gains in under 5 mortality slowed dramatically in the ...

  20. Socio-economic perspectives on shifting cultivation landscapes in Northern Laos

    DEFF Research Database (Denmark)

    Heinimann, Andreas; Hett, Cornelia; Hurni, Kaspar

    2013-01-01

    Despite the rapid agricultural transition that has occurred in the past decade, shifting cultivation remains a widespread agricultural practice in the northern uplands of Lao PDR. Little information is available on the basic socio-economic situation and respective possible patterns in shifting cu...... minorities, pointing to multi-dimensional marginality of these areas. We discuss whether economic growth and increased market accessibility are sufficient to lift these landscapes out of poverty....

  1. International Financial Integration and Economic Growth in India: An Empirical Investigation

    Directory of Open Access Journals (Sweden)

    Nayia MAHAJAN

    2015-11-01

    Full Text Available This study endeavors to estimate relationship between international financial integration and economic growth in India during 1981-2011. Apart from direct impact of international financial integration on growth, indirect impact (via financial development has also been studied empirically. Models of co-integration and Vector Error Correction Model (VECM have been applied to examine the relationships. The study observes that international financial integration affects the growth of the economy positively; and change in economic growth due to it through financial development is approximately 8.63 percent. The study also suggests that the structural reforms that took place in India in early nineties did not affect the existing relationship of global financial integration and economic growth significantly.

  2. The sustainability and transition of economic growth in China: from a perspective of factor structure

    Institute of Scientific and Technical Information of China (English)

    Wang Yafei; Wu Xiaohang

    2008-01-01

    After more than 20 years' high speed growth, the sustainable growth of Chinese economy faces serious lim-itation of resources and factors now and in the future. In order to maintain the economic growth, China has to trans, form the way of economic growth. Based on the analysis on the related theories of economic growth and the structur-al transformation in factors of production, this paper proposes that the transformation of the economic growth way has to impel the optimization and the promotion of the utilization structure of factors of production. Finally, based on the analysis of the necessity to change the pattern of economic growth, this paper proposes the strategic measures to promote the continuous economic growth and the transformation of patterns of economic growth.

  3. Agriculture and greenhouse effect: economic regulation of cross impacts and combination of agricultural and environmental policies - analysis for the France and extension to the european union. Economic analysis of the interactions agriculture- greenhouse effect; Agriculture et effet de serre: regulation economique des impacts croises et combinaison des politiques agricole et environnementale - Analyse pour la France et extension pour l'Union Europeenne. Analyse economique des interactions agriculture - effet de serre

    Energy Technology Data Exchange (ETDEWEB)

    Jayet, P.A

    2002-09-15

    The objectives of the research program are: the impacts evaluation of a double relation climate - agriculture on the agricultural production and the greenhouse gases emission; the compatibility of agricultural policies and environmental policies of the sector. Simulations are realized at a regional scale with a coupling of economical and biophysical models (manure spreading, cultivation yield). (A.L.B.)

  4. The causal relationship between energy resources and economic growth in Brazil

    International Nuclear Information System (INIS)

    Pao, Hsiao-Tien; Fu, Hsin-Chia

    2013-01-01

    This study investigates the causal relationship between clean and non-clean energy consumption and economic growth in Brazil over the period of 1980–2009. Clean energy consumption at aggregated level of total renewable energy consumption and disaggregated levels of hydroelectric, new renewables, and nuclear energy consumption are tested within a production function framework. A cointegration test reveals a long-term equilibrium relationship between real output, capital, labor, and renewable and non-renewable energy consumption at aggregated level, and a long-term equilibrium relationship between real output, capital, labor, and hydroelectric/new renewables/nuclear and fossil fuel energy consumption at disaggregated level. The capital, labor, and new renewables elasticities of real output are positive and statistically significant, other energy consumption item's elasticities are insignificant. The results from error correction model reveal the interdependencies between new renewables, nuclear, fossil fuel, and total non-renewable energy consumption and economic growth, the unidirectional causality from hydroelectric/total renewable consumption to economic growth, the substitutability between new renewables and fossil fuel consumption, and the substitutability between new renewables and nuclear energy consumption. Additionally, nuclear and new renewables energy consumption responds to bring the system back to equilibrium. Overall, aggregated analysis may obscure the relationship between different types of clean energy consumption and economic growth. - Highlights: • We model three kinds of clean energy and non-clean energy consumption and real GDP. • There is fossil fuel consumption–economic growth bidirectional causality. • There is new renewables consumption–economic growth bidirectional causality. • There is nuclear energy consumption–economic growth bidirectional causality. • Substitutability exists for new renewables–fossil fuel or new

  5. Remittances, financial development and economic growth: Empirical evidence from Lesotho

    Directory of Open Access Journals (Sweden)

    Athenia Bongani Sibindi

    2014-11-01

    Full Text Available Increasingly remittances now constitute a great source of foreign currency inflows for many developing countries. In some instances remittances have outpaced the growth of foreign direct investment (FDI. Amongst others, remittances can be used as a vehicle of savings mobilisation as well as fostering the supply of credit by providing liquidity to the market. In this article we investigate the causal relationship between the remittances, financial development and economic growth in Lesotho for the period 1975 to 2010. We make use of per capita remittances, real per capita broad money supply and real per capita growth domestic product as the proxies for remittances, financial development and economic growth respectively. We then test for cointegration amongst the variables by applying the Johansen procedure and then test for Granger causality based on the vector error correction model (VECM. Our results confirm the existence of at least one cointegrating relationship and also indicate that the direction of causality runs from remittances to the economy without feedback. The results also suggest that financial development Granger causes economic growth without feedback which is consistent with ‘supply-leading’ growth hypothesis. The results also confirm a causal relationship running from financial development to remittances without feedback. The results also lend credence to the “complementarity’ hypothesis in that, remittances complement rather than substitute financial development in bringing about economic growth.

  6. Colocation opportunities for large solar infrastructures and agriculture in drylands

    International Nuclear Information System (INIS)

    Ravi, Sujith; Macknick, Jordan; Lobell, David; Field, Christopher; Ganesan, Karthik; Jain, Rishabh; Elchinger, Michael; Stoltenberg, Blaise

    2016-01-01

    Highlights: • We explored the potential to colocate solar installations and agriculture. • Water use at solar installations are similar to amounts required for desert plants. • Co-located systems are economically viable in some areas. • Colocation can maximize land and water use efficiency in drylands. - Abstract: Solar energy installations in arid and semi-arid regions are rapidly increasing due to technological advances and policy support. Although solar energy provides several benefits such as reduction of greenhouse gases, reclamation of degraded land, and improved quality of life in developing countries, the deployment of large-scale renewable energy infrastructure may negatively impact land and water resources. Meeting the ever-expanding energy demand with limited land and water resources in the context of increasing demand for alternative uses such as agricultural and domestic consumption is a major challenge. The goal of this study was to explore opportunities to colocate solar infrastructures and agricultural crops to maximize the efficiency of land and water use. We investigated the energy inputs/outputs, water use, greenhouse gas emissions, and economics of solar installations in northwestern India in comparison to aloe vera cultivation, another widely promoted and economically important land use in these systems. The life cycle analyses show that the colocated systems are economically viable in some rural areas and may provide opportunities for rural electrification and stimulate economic growth. The water inputs for cleaning solar panels are similar to amounts required for annual aloe productivity, suggesting the possibility of integrating the two systems to maximize land and water use efficiency. A life cycle analysis of a hypothetical colocation indicated higher returns per m"3 of water used than either system alone. The northwestern region of India has experienced high population growth in the past decade, creating additional demand for land

  7. Exhaustible resources and economic growth

    International Nuclear Information System (INIS)

    Campbell, H.F.

    1984-09-01

    This study examines the effect of a booming natural resource sector on regional economic growth, with particular attention to the impact of regional government policy on mineral rent taxation and the allocation of resource revenues. The author's approach is first to document the relevant theory and then apply it to the case of the uranium industry in Saskatchewan

  8. Health, agricultural, and economic effects of adoption of healthy diet recommendations.

    Science.gov (United States)

    Lock, Karen; Smith, Richard D; Dangour, Alan D; Keogh-Brown, Marcus; Pigatto, Gessuir; Hawkes, Corinna; Fisberg, Regina Mara; Chalabi, Zaid

    2010-11-13

    Transition to diets that are high in saturated fat and sugar has caused a global public health concern, as the pattern of food consumption is a major modifiable risk factor for chronic non-communicable diseases. Although agri-food systems are intimately associated with this transition, agriculture and health sectors are largely disconnected in their priorities, policy, and analysis, with neither side considering the complex inter-relation between agri-trade, patterns of food consumption, health, and development. We show the importance of connection of these perspectives through estimation of the eff ect of adopting a healthy diet on population health, agricultural production, trade, the economy, and livelihoods,with a computable general equilibrium approach. On the basis of case-studies from the UK and Brazil, we suggest that benefits of a healthy diet policy will vary substantially between different populations, not only because of population dietary intake but also because of agricultural production, trade, and other economic factors.

  9. Global Marine Fisheries with Economic Growth

    OpenAIRE

    Sugiawan, Yogi; Islam, Moinul; Managi, Shunsuke

    2017-01-01

    This study explores the state of global marine fisheries and empirically analyzes its relationship to economic factors. We apply the pooled mean group estimator method to examine 70 fishing countries for the period of 1961-2010. We use both catch and the estimated size of stock as proxies for marine ecosystems. Our results confirm that economic growth initially leads to the deterioration of marine ecosystems. However, for a per capita income level of approximately 3,827 USD for the catch mode...

  10. Virtual land use and agricultural trade. Estimating environmental and socio-economic impacts

    International Nuclear Information System (INIS)

    Wuertenberger, Laura; Koellner, Thomas; Binder, Claudia R.

    2006-01-01

    Liberalization has caused an increase in the global trade of goods and services. In particular, the value and physical volume of agricultural goods traded have largely increased. As the environmental and social consequences of trade are complex, they are rarely included in the national and international agricultural policies. One reason is that there is a lack of concepts and methods for assessing the environmental and social impacts of trade policies. In this paper we develop a method for quantifying and assessing the land use hidden in the export and import of agricultural goods for the case of Switzerland. For our analysis we focus on arable crops. The first methodological step of our research illustrates the spatial relationship of Switzerland with countries all over the world through the import and export of land use for arable crops. The second step links this spatial dimension with a qualitative assessment of the environmental and socio-economic impacts of agricultural land use. We applied the method to the case of wheat cultivation within Switzerland and import to Switzerland. The major problem we were confronted with was the availability of data, which had both to be reliable and available for the countries wheat is imported from. The results show that the calculation of land use is credible. In spite of the problems related with data availability, the assessment results for each indicator are in agreement with the current situation in the respective countries. In addition, the aggregation seems to accurately reflect the countries' agricultural polices. The developed method is used to estimate the overall environmental and socio-economic impacts of an increase in wheat imports to Switzerland. We argue that this method could be applied for anticipating potential impacts of trade agreements. Still, further research is required for fine-tuning of the utility functions, including a weighting procedure in the aggregation procedure. For practical applications

  11. FDI AND ECONOMIC GROWTH RELATIONSHIP BASED ON CROSS-COUNTRY COMPARISON

    Directory of Open Access Journals (Sweden)

    Faruk Gursoy

    2013-04-01

    Full Text Available This paper aims to investigate empirically the impact of FDI on economic growth for Azerbaijan, Kyrgyz Republic, Kazakhstan, Tajikistan, Turkmenistan, and Uzbekistan over the period 1997-2010. The Johansen cointegration and Granger causality tests are used in order to analyze the causal relationship between FDI and economic growth. It is crucial to see the directions of causality between two variables for the policy makers to encourage private sectors. The cointegration test results indicated that FDI and Economic Growth variables are cointegrated for Azerbaijan and Turkmenistan. By using Granger Causality test we found that FDI causes GDP for Azerbaijan and bidirectional causality is observed for Turkmenistan.

  12. Does the Euro enhance Economic Growth?

    DEFF Research Database (Denmark)

    Dreyer, Johannes Kabderian; A. Schmid, Peter

    2016-01-01

    of economic integration in Europe. The aim of this article is to investigate whether the EU and EZ memberships enhance growth of their members. In order to perform our empirical analysis, we apply an augmented Solow growth model using convergence analysis and the panel Generalized Method of Moments (GMM...... interesting to new potential EZ members, such as some of the Central Eastern European Countries (CEE), who are about or in the process to join the common currency club....

  13. Systematic framework and measures of economic policy in function of Serbian agriculture improvement requirements

    Directory of Open Access Journals (Sweden)

    Branko KATIC

    2010-12-01

    Full Text Available One of the most significant economic activities in Serbia is agriculture, which also represents the base for food industry and some other branches of processing industry. In this field Serbia finds its developmental opportunity in future period. Inclusion of the country in EU, as well as in the World Tourist Organization, implies appropriate preparation and qualification in this field, so there could be more successful deal with rising competitiveness of foreign goods, in conditions of increasing liberalization level of foreign trade. Therefore, domestic regulatory rules must be adjusted to EU regulatory rules, like as concrete measures regarding agriculture and rural development improvement must be adjusted to the measures in the Joint EU Agrarian Policy. Serbian agriculture is in quite bad condition, and financial possibilities of the state, to expedite its development by abundant assets, are still insufficient. In terms of recession, caused by world economic crisis, too, incentive assets reduce, while making business in this field become more and more aggravated. This paper points out, in short, to significance and condition of agriculture in Serbia, on regulatory rules and future plan documents important for this field, as well as on concrete measures, which have to be undertaken in order to improve this activity.

  14. IMPACTS OF FOREIGN INVESTMENT ON ECONOMIC GROWTH IN TRANSITION COUNTRIES

    Directory of Open Access Journals (Sweden)

    Siniša Bosanac

    2016-12-01

    Full Text Available The current global economic crisis raises many questions and the most important imperative is to find solutions and recover the world economy. Neoliberalism as a cause of the crisis has shown fundamental shortcomings and proved that the market is an imperfect self-regulating system. At the present time in the media, politicians and some economists mention foreign direct investment (FDI as a life-saving solution for economic problems and economic growth. The analysis of the economic indicators proved that FDI cannot be, to the necessary extent, a generator of economic growth and that development of each country should be based on endogenous components. The development of critical thinking and questioning of the neoliberal concept, especially with today's time distance through comparisons of indicators such as economic growth, absence of inflation, employment and the export-import ratio, has revealed major systemic defects of the market fundamentalist policies. A strong indicator and argument to this thesis is particularly evident in the industrial production indexes, in the number of industrial workers and in the share of industry in GDP of transition countries.

  15. An Analysis of energy consumption and economic growth of Cobb-Douglas production function based on ECM

    Science.gov (United States)

    Guo, Wei-wei

    2018-02-01

    Energy is one of the important factors affecting economic growth, the motive force of the economic development of countries in the world, essential for the world economic development and people’s living material resources, an important resource of the relationship between the national economies. The paper sums up the evaluation and literatures on energy consumption and economic growth at home and abroad, thinks “southern talk” as the energy consumption and economic growth in the time division, makes a series of empirical tests on the relationship between total energy consumption and economic growth in China from 1978 to 1991 and from 1992 to 2016.The results show that total energy consumption is a one-way causal relationship between economic growths in china, Economic growth has a strong dependence on energy, there is a co-integration relationship between energy consumption and economic growth. However, economic growth depends on the energy consumption decreased year by year in China, The way of economic growth is changing from the extensive economic growth mode to intensive mode of economic growth.

  16. The Services Sector and Economic Growth in Mauritius. A Bounds ...

    African Journals Online (AJOL)

    This paper examines the long run and short run impact of the services sector on economic growth in Mauritius. Using an augmented aggregate production function growth model, we apply the bounds testing approach to cointegration to assess the impact of different activities in the services sector on economic performance ...

  17. Why higher economic growth cannot always enhance human development

    OpenAIRE

    Ahmed, Md Montasir

    2017-01-01

    This paper studies why higher economic growth cannot always enhance human development. In general, these two dimensions have a strong and positive relationship, but some countries appear unable to balance this relationship. As a consequence, there are some countries with high economic growth but sluggish human development progress. This paper studies how other factors besides GDP – women labor force participation, urbanization, and inequality - are correlated to human development. I construct...

  18. Low carbon energy scenarios for sub-Saharan Africa: An input-output analysis on the effects of universal energy access and economic growth

    International Nuclear Information System (INIS)

    Hamilton, Thomas Gerard Adam; Kelly, Scott

    2017-01-01

    Meeting Sub-Saharan African (SSA) human development goals will require economic development to be the priority over the coming decades, but economic development ‘at all cost’ may not be acceptable across these goals. This paper aims to explore five development scenarios for the five largest economies in SSA to understand the implications to CO_2-equivalent emissions (CO_2-e) and off-grid energy modernisation in 2030. Within this scope GDP growth; economic structure; availability of energy resources; international trade; and, the development of distributed generation for remote locations are considered. Regional CO_2 emissions were studied using a Multi-Regional Input-Output Model for Africa. Under the scenarios analysed all five nations will be unable to reduce 2030 CO_2-e emissions below 2012 levels, whilst simultaneously achieving forecast GDP growth and universal access to modernised energy services. 100% off-grid modernisation is estimated to require a three-fold increase in Primary Energy Supply and a 26% (1317 Mt) increase in 2030 CO_2-e emissions. Total regional CO_2-e emissions could be reduced from 45% to 35% by meeting a 50% renewable energy supply target by 2030. Climate Change policy would need to focus on multi-sector reform to reduce regional emissions as the agricultural sector is the largest emitter in Nigeria, Ethiopia and Kenya. - Highlights: • GHG"1 emissions were studied with a Multi-Regional Input-Output Model for Africa. • SSA"2 GDP growth is inextricably linked with access to additional energy supply. • SSA will not attain universal energy access and low carbon growth in parallel. • GHG emissions decline needs both renewable energy adoption and agriculture reform. • SSA Climate Change policy would need to target multiple GHG emitting sector reform.

  19. Electricity consumption and economic growth nexus in Portugal using cointegration and causality approaches

    International Nuclear Information System (INIS)

    Shahbaz, Muhammad; Tang, Chor Foon; Shahbaz Shabbir, Muhammad

    2011-01-01

    The aim of this paper is to re-examine the relationship between electricity consumption, economic growth, and employment in Portugal using the cointegration and Granger causality frameworks. This study covers the sample period from 1971 to 2009. We examine the presence of a long-run equilibrium relationship using the bounds testing approach to cointegration within the Unrestricted Error-Correction Model (UECM). Moreover, we examine the direction of causality between electricity consumption, economic growth, and employment in Portugal using the Granger causality test within the Vector Error-Correction Model (VECM). As a summary of the empirical findings, we find that electricity consumption, economic growth, and employment in Portugal are cointegrated and there is bi-directional Granger causality between the three variables in the long-run. With the exception of the Granger causality between electricity consumption and economic growth, the rest of the variables are also bi-directional Granger causality in the short-run. Furthermore, we find that there is unidirectional Granger causality running from economic growth to electricity consumption, but no evidence of reversal causality. - Highlights: → We re-examine the relationship between electricity consumption, economic growth, and employment in Portugal. → The electricity consumption and economic growth is causing each other in the long-run. → In the short-run, economic growth Granger-cause electricity consumption, but no evidence of reversal causality. → Energy conservation policy will deteriorate the process of economic growth in the long-run. → Portugal should increase investment on R and D to design new energy savings technology.

  20. Energy consumption, pollutant emissions and economic growth in South Africa

    Energy Technology Data Exchange (ETDEWEB)

    Menyah, Kojo [London Metropolitan Business School, London Metropolitan University (United Kingdom); Wolde-Rufael, Yemane [Independent Researcher (United Kingdom)

    2010-11-15

    This paper examines the long-run and the causal relationship between economic growth, pollutant emissions and energy consumption for South Africa for the period 1965-2006 in a multivariate framework which includes labour and capital as additional variables. Using the bound test approach to cointegration, we found a short-run as well as a long-run relationship among the variables with a positive and a statistically significant relationship between pollutant emissions and economic growth. Further, applying a modified version of the Granger causality test we also found a unidirectional causality running from pollutant emissions to economic growth; from energy consumption to economic growth and from energy consumption to CO{sub 2} emissions all without a feedback. The econometric evidence suggests that South Africa has to sacrifice economic growth or reduce its energy consumption per unit of output or both in order to reduce pollutant emissions. In the long-run however, it is possible to meet the energy needs of the country and at the same time reduce CO{sub 2} emissions by developing energy alternatives to coal, the main source of CO{sub 2} emissions. However, the econometric results upon which the policy suggestions are made should be interpreted with care, as they may not be sufficiently robust enough to categorically warrant the choice of an unpalatable policy option by South Africa. (author)