scholarly journals Inclusive Growth: When May We Expect It? When May We Not?

2014 ◽  
Vol 31 (1) ◽  
pp. 136-162 ◽  
Author(s):  
Kunal Sen
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Institutional Factors ◽  
Inclusive Growth ◽  
Poverty And Inequality ◽  
Growth Decline ◽  
Growth Accelerations ◽  
Cross Country ◽  
Econometric Analyses ◽  
Institutional Foundations

Episodes of economic growth that lead to reductions in poverty and inequality are relatively rare in developing countries. In this paper, we examine the institutional foundations of such growth episodes. We argue that the institutional factors that lead to accelerations in economic growth will be different from those that lead to growth maintenance and avoidance of growth decline, and that the institutional preconditions for growth accelerations suggest that these growth episodes may not be inclusive. We present empirical evidence drawn from descriptive and cross-country econometric analyses that support these theoretical propositions.

Approaches and Challenges in Fostering Growth and Reducing Poverty and Inequality in ASEAN Plus Three

2012 ◽  
Vol 04 (04) ◽  
pp. 13-28
Author(s):  
Meng Wah TAN
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Inclusive Growth ◽  
Poor Growth ◽  
Global Institutions ◽  
Poverty And Inequality ◽  
The 1950S ◽  
Stages Of Economic Development

This paper outlines the conceptual differences of the various frameworks adopted by governments and global institutions since the 1950s to help developing countries generate growth and reduce both poverty and inequality. It also discusses the inadequacies of the Pro-Poor Growth and the Inclusive Growth frameworks before positing that the two are in fact not mutually exclusive and both serve a purpose to a country during different stages of economic development.

scholarly journals Economic Globalization, Entrepreneurship, and Inclusive Growth in Africa

2021 ◽  
Vol 36 (4) ◽  
pp. 689-717
Author(s):  
Folorunsho M. Ajide ◽  
Tolulope T. Osinubi ◽  
James T. Dada
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Globalization ◽  
Inclusive Growth ◽  
African Countries ◽  
Dynamic Relationship ◽  
Causality Tests ◽  
The Impact ◽  
The Relationship

An increasing number of studies are examining the relationship between entrepreneurship and growth. This relationship is controversial, especially for developing countries. Recent improvements in economic growth have led to a focus on growth inclusiveness, which spreads economic opportunities throughout a society. However, studies that focus on the role of entrepreneurship in inclusive growth remain scarce. To fill that gap, this study investigates the dynamic relationship between economic globalization, entrepreneurship, and inclusive growth in 21 African countries using panel econometrics to examine data covering 2006 to 2018. The results reveal that the impact of economic globalization and entrepreneurship on inclusive growth is positive and significant. We find that economic globalization enhances entrepreneurial development, and causality tests show that economic globalization drives inclusive growth. We also find a unidirectional causality from entrepreneurship to inclusive growth. Finally, we observe no direction of causality between economic globalization and entrepreneurship but observe a bidirectional causality between governance and entrepreneurship. We discuss the implications of these results.

scholarly journals THE IMPACT OF INSTITUTIONAL FACTORS ON FOREIGN DIRECT INVESTMENT INFLOWS: CROSS-COUNTRY ANALYSIS

2019 ◽  
Vol 7 ◽  
Author(s):  
Rogneda Groznykh ◽  
Igor Drapkin ◽  
Oleg Mariev
Keyword(s):  
Developing Countries ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Developing Economies ◽  
Institutional Development ◽  
Institutional Factors ◽  
Fdi Inflows ◽  
Positive Effects ◽  
Cross Country ◽  
The Impact

This research paper is devoted to analysis of various institutional factors as determinants of foreign direct investment (further – FDI) inflows to different countries. The objective of the research is to estimate the effect of institutions on FDI inflows. The analysis is provided on a database of cross-country FDI inflows on 72 countries FDI-importers and 112 countries FDI-exporters in the period from 2001 to 2016. It is supposed in the paper that the impact of institutional factors might be different for the groups of developed and developing countries; since developed economies have higher institutional indicators, they tend to attract larger amounts of foreign direct investment compared to developing economies, where institutional development is at the lower level. The estimation is based on the gravity approach, which considers the positive effects of countries’ GDP and the negative effect of the distance between them. The main method used for the econometric estimation is the Pseudo Poisson Maximum Likelihood (PPML) regression, which is considered to be one of the adequate methods for estimating such data. During the research the problems of zero-observations and correlation between institutional indicators are solved. The results have shown that higher quality of institutions tends to attract more foreign direct investment to a country. Thus, institutions in developed countries have positive and significant impact on FDI attraction. At the same time, the analysis of developing countries has shown that some institutions have less significant influence on the FDI inflows. Based on the results of the research, possible recommendations for government policy on institutional improvement can be suggested.

scholarly journals Global Poverty and Inequality: Is There New Capacity for Redistribution in Developing Countries?

2016 ◽  
Vol 7 (1) ◽  
Author(s):  
Chris Hoy ◽  
Andy Sumner
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Food Availability ◽  
Public Spending ◽  
Cash Transfers ◽  
Global Poverty ◽  
Poverty And Inequality ◽  
Poverty Lines ◽  
National Governments ◽  
Instrumental Reasons

AbstractAmartya Sen’s famous study of famines found that people died not because of a lack of food availability in a country but because some people lacked entitlements to that food. Is a similar situation now the case for global poverty, meaning that national resources are available but not being used to end poverty? This paper argues that approximately three-quarters of global poverty, at least at the lower poverty lines, could now be eliminated – in principle – via redistribution of nationally available resources in terms of cash transfers funded by new taxation and the reallocation of public spending. We argue that the findings provide a rationale for a stronger consideration of some national redistribution for purely instrumental reasons: to reduce or end global poverty quicker than waiting for economic growth. We find that at lower poverty lines ending global poverty may now be within the financial capacities of most national governments of developing countries either in the form of potential new taxation or reallocation of existing public finances though this is not the case at higher poverty lines. In summary, reducing global poverty at lower poverty lines is increasingly a matter of national inequality.

The Impact of Regulation on Economic Growth in Developing Countries: A Cross-Country Analysis

2007 ◽  
Vol 35 (1) ◽  
pp. 87-103 ◽  
Author(s):  
Hossein Jalilian ◽  
Colin Kirkpatrick ◽  
David Parker
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Country Analysis ◽  
Cross Country ◽  
The Impact

scholarly journals Does insurance hedge macro volatility? Global evidence

2017 ◽  
Vol 14 (2) ◽  
pp. 307-315 ◽  
Author(s):  
Paul Moon Sub Choi ◽  
Won Young Chae ◽  
Joung Hwa Choi ◽  
Young Bin Han
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Insurance Coverage ◽  
Economic Activities ◽  
Aggregate Risks ◽  
Insurance Density ◽  
Country Analysis ◽  
Cross Country ◽  
Global Evidence

Insurance is known in the literature as a contribution to economic growth. In our cross-country analysis, we found out that insurance density also appears to subdue macro volatility. In other words, an overall expansion of insurance coverage in an economy cushions aggregate risks. This empirical inference remains robust to controlling for other covariates known to co-move with economic activities. Given that the contribution of insurance to economic growth is more impactful in developing countries than in industrialized economies, not only this result is appealing to economic intuition, but also extends the claims in the existing researches.

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