scholarly journals Export-oriented service sector – new vector of economic growth in Ukraine?

2012 ◽  
Vol 2012 (4) ◽  
pp. 141-160 ◽  
Author(s):  
Eduard Afonin ◽  
Svitlana Blagodeteleva-Vovk
Keyword(s):  
Economic Growth ◽  
Social Mobility ◽  
Service Sector ◽  
Economic Reforms ◽  
Information Services ◽  
Key Factors ◽  
Export Sector ◽  
Is Professionals ◽  
The Impact ◽  
Ukrainian Society

Posed the problem of the formation of the export sector of Ukraine intellectual/information services in the context of modernization and restructuring of the national economy and democratization of Ukrainian society. This current number is professionals and availability of infrastructure considered by the authors as a key-factors chovi positive change. This publication is part of the SRW “The impact of economic reforms on the processes of social mobility in modern Ukrainian anyone societies”.

Cuba's “Equity without Growth” Dilemma and the 2011 Lineamientos

2012 ◽  
Vol 54 (03) ◽  
pp. 157-184 ◽  
Author(s):  
Javier Corrales
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Internet Access ◽  
Economic Reforms ◽  
Political Rights ◽  
Bicycle Industry ◽  
The Government ◽  
The Impact ◽  
Two Sectors

Abstract Cuba faces a development dilemma: it promotes equity and human capital while failing to deliver economic growth. For the government, the country's equity and human capital achievements are a source of pride, a sign that its priorities are right. This essay argues instead that this “equity without growth” dilemma is a sign of malaise. Theory and evidence suggest that high levels of equity and human capital should produce high levels of economic growth. Because growth is often weak or negative, some onerous barriers to development must be present. These barriers, it is argued, are restrictions on property and political rights. By comparing Cuba and China across two sectors, the bicycle industry and Internet access, this article shows how these restrictions have hindered growth. It also assesses how Cuba's latest economic reforms, the so-called Lineamientos, will address Cuba's development dilemma. The impact may be minimal, but perhaps more lasting than previous reforms.

scholarly journals Intangible Assets and Economic Growth in Nigeria: An Empirical Investigation

2021 ◽  
pp. 74-84
Author(s):  
Okumoko Tubo Pearce ◽  
Cookey Ibeinmo Friday ◽  
Question Emomotimi Mcdonald
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Intellectual Property ◽  
Intellectual Capital ◽  
Significant Relationship ◽  
Service Sector ◽  
Intangible Assets ◽  
Government Expenditure ◽  
Series Data ◽  
The Impact

This work examines the impact of intangible assets on economic growth in Nigeria, using time series data from 1990 to 2019. Relevant theoretical and empirical literatures were reviewed. Government expenditure on research and development, intellectual capital proxied by human capital stock, intellectual property and service sector employment were regressed as independent variables against the real GDP (proxy for economic growth) as the dependent variable. Secondary data were used for this work. The ARDL bound test was adopted in estimating the model. We discovered that government expenditure on R&D, intellectual capital and intellectual property do not have significant relationship with economic growth proxied by RGDP; meanwhile service sector employment had a significant relationship with economic growth in Nigeria. Also, government expenditure on R&D; and service sector employment were rightly signed; while intellectual capital and intellectual property were not rightly signed. This implies that when government increases its expenditure on R&D, it will result to economic growth, so also service sector employment in the long-run. Meanwhile, an increase in intellectual capital and intellectual property will reduce RGDP. We therefore propose that government should upgrade its spending on R&D so as to boost intellectual capital and property. The government should also create employment for the stock of human capital. Finally, government institutions such as producers’ protection agencies should be empowered to protect intellectual properties in Nigeria.

scholarly journals Critical Exploration of Indian Economic Reforms of 1991: a lesson for Developing Economies

2019 ◽  
Vol 8 (5S3) ◽  
pp. 490-500 ◽  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Crisis ◽  
Developing Economies ◽  
Economic Reforms ◽  
Indian Economy ◽  
International Pressure ◽  
Critical Exploration ◽  
The Impact

The purpose of this research is to examine the impact of reforms that took place in Indian economy in 1991. Balance of payment difficulty resulted in acute economic crisis and therefore economic reforms were inevitable. Post this incident; there have been three more phases of economic reforms. Economic reforms were compelled due to international pressure of the situation post balance of payment crisis of 1991. The significance of this study lies in the derivation of various ways in which these reforms played a major role in the transformation of Indian economy in the form of its impact on poverty, education, socio-cultural mixture, economic growth etc. We have tried to revisit situation of payments crisis and tried to understand if these reforms were enough and were they concrete measures to tackle long-term problem or if they were only sufficient to handle the crisis. Finally we have tried to find out, as to what was left out of reforms or what other measures could have been taken. Balance of payment difficulties are difficulties faced by most of the underdeveloped or developing countries

scholarly journals The Differential Effects of Foreign Investments on Sectoral Growth

CONVERTER ◽  
2021 ◽  
pp. 674-688
Author(s):  
Cheng Hui Fang, Agbanyo George Kwame
Keyword(s):  
Economic Growth ◽  
Foreign Investment ◽  
Service Sector ◽  
Manufacturing Sector ◽  
Generalized Method Of Moments ◽  
Economic Sectors ◽  
Differential Effects ◽  
Agriculture Sector ◽  
Sectoral Growth ◽  
The Impact

Previous studies on the effect of FDI on sectoral growth are far from reaching a consensus. This paper, using a panel data of 35 countries between 1990-2019, aims at investigating the differential effects of foreign direct investment modes of entry into the economic sectors. Through the systems generalized method of moments methodology, this study found that the impact of foreign investment on growth corresponds directly with the absorptive capacity of the host country. Meanwhile,M&A is a better economic booster than greenfield investment. The results also suggest that foreign investment is a significant agent of economic growth in the service sector, relatively weak in the manufacturing sector and insignificant in the agriculture sector. Also, M&A seems to spillover more easily than greenfield across sectors, and natural resources are not very good channels to transmit foreign investment into economic growth.

scholarly journals THE ROLE OF INNOVATIVE ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT: A CASE OF G20 COUNTRIES

2021 ◽  
pp. 6-14
Author(s):  
Fayzullokh Sattoriy ◽  
Behzod Abdupaizov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growing Up ◽  
Key Factors ◽  
Growth And Survival ◽  
Innovative Firms ◽  
The Impact ◽  
Innovation And Entrepreneurship

Innovation and entrepreneurship are considered key factors of growth and survival of modern economies. According to Schumpeter (1934), “carrying out innovations is the only function which is fundamental in history". The review of recent studies reveals that high levels of newly growing up innovative firms are strongly related to economic growth (Stam, 2008).The vinculum of innovation, entrepreneurship and economic development is a matter of great interest at the present time. Given this context, the aim of this study is to explore the relation of Innovative Entrepreneurship and economic growth and its role in economic development of G20 member countries. For this, an overview of literature regarding the impact of innovation and entrepreneurship on economic development is discussed. KEYWORDS: Entrepreneurship, Innovation, Economic Development, SMEs, G20 Countries

scholarly journals Impacts of the sectoral composition of growth on poverty reduction in Vietnam

2019 ◽  
Vol 21 (2) ◽  
pp. 213-222 ◽  
Author(s):  
Thu Hang Pham ◽  
James Riedel
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Service Sector ◽  
Agricultural Sector ◽  
Least Squares Method ◽  
Reduction Process ◽  
Economic Restructuring ◽  
Industrial Sector ◽  
Content Type ◽  
The Impact

Purpose The purpose of this paper is to assess the impact of sectoral economic growth and other factors on poverty reduction in Vietnam in the period 2010–2016. Design/methodology/approach Originating from the question of whether there is an endogenous problem between the structure of economic growth by sector and some other factors in the process of impact on poverty reduction, the paper has used the 2-Stage Least Squares method to deal with the endogenous issues. Findings Increasing the proportion of the industrial sector and the agricultural sector had great impacts on poverty reduction. In contrast, the increasing proportion of the service sector made the poverty rate higher. One noticeable thing is that economic growth was not significant for the goal of poverty reduction in 2010–2016. In addition, the process of urbanization, the increase in the labor rate and literacy rate contributed positively to poverty reduction achievements. Finally, population growth was also one of the reasons hindering Vietnam’s successful poverty reduction process. Practical implications Accelerating the process of economic restructuring in the direction of increasing the proportion of the industry is accompanied by more attention to agricultural development than the service sector. Employment creation policies should be promoted. Maintaining population control by educating poverty reduction awareness for the poor will have a positive effect on long-term poverty reduction. Originality/value Research on the growth structure by sector affecting poverty reduction in Vietnam is still relatively limited. The study of relationships in the context of endogenous existence is still quite limited in Vietnam. Therefore, this paper has focused on the question of sectoral economic growth affects poverty in the interrelation among sectors in the process of economic development.

scholarly journals IMPACT OF ECONOMIC REFORMS AND GROWTH IN INDIA ON RURAL EMPLOYMENT-AN ANALYSIS

2020 ◽  
pp. 5-8
Author(s):  
Dr. K. Somasekhar
Keyword(s):  
Economic Growth ◽  
Rural Areas ◽  
Universal Access ◽  
Weighted Average ◽  
Economic Reforms ◽  
Access To Higher Education ◽  
Population Mobility ◽  
Rural Employment ◽  
Spatial Composition ◽  
The Impact

Growth of an economy trickles down to the lowest level entity which may be considered as village. Growth is not an end in itself but the means to an end. Economic growth leads to several changes in rural areas. It should result in lower incidence of poverty, improvements in health outcomes, universal access to school education, increased access to higher education, better opportunities for both wage employment, livelihoods and improvements in provision of basic amenities and improving the socio-economic conditions of marginalized groups. Economic growth is the increase in the real output of the country in a particular span of time. The spatial composition f growth reflected in terms of a rural development disparity motivates people to shift to areas with better prospects. As total poverty is a weighted average of rural specific poverty ratios, the net effect of population mobility on poverty depends on the changes in its rural components. Alleviation of poverty in rural areas has been the main agenda since Independence. In all Five-Year Plans particularly during Fifth-Five Year Plan period importance had been given to reduction in poverty, provision of other basic needs and equitable development. Notable achievement took place during the post-reform period and has done well in economic growth. However, still has been rural areas have been facing problems like poverty, low agricultural growth, low quality employment growth. This paper focuses on the impact of reforms and growth on rural employment. KEYWORDS: Economic Growth, Economic Reforms, Poverty, Employmnt, Equitable Development.

scholarly journals The Service Sector-Led Growth Relationship: The Case of Nigeria

2021 ◽  
pp. 90-111
Author(s):  
Ubong Edem Effiong ◽  
Joel Isaac Okon
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Error Correction ◽  
Service Sector ◽  
Domestic Product ◽  
Long Run ◽  
Error Correction Mechanism ◽  
Short Run ◽  
Bounds Test ◽  
The Impact

This paper examined the impact of the service sector on economic growth of Nigeria. The study covers the period 1981 to 2019 and data were obtained from the Central Bank of Nigeria statistical bulletin. The Augmented Dickey-Fuller unit root, Granger Causality test, Vector Autoregressive (VAR) approach, Bounds test for cointegration, and vector error correction mechanism were utilized in analysing the data. Findings of the study revealed that a bidirectional causality exist between service sector and economic growth of Nigeria. Meanwhile, the VAR result presented an evidence of weak exogeneity of the service sector in predicting economic growth. However, both broad money supply and total government expenditure exerted a significant impact on economic growth. From the impulse response function, it was discovered that economic growth responded negatively to shocks in service sector output both in the short run and in the long run; while the variance decomposition indicated that gross domestic product (a proxy for economic growth) is strongly endogenous in predicting itself in the short run while such diminishes in the long run. The Bounds test for cointegration revealed evidence of long run equilibrium relationship and the error correction mechanism revealed that 88.30% of the short run disequilibrium in the gross domestic product are corrected annually. Meanwhile, it was discovered that professional, scientific and technical services is the major contributor to economic growth as captured by its short run and long run elasticity coefficients of 0.5936 and 0.9455 respectively. The paper recommended the need for stimulating industrialization as this is the major pathway through which the service sector can positively impact economic growth.

scholarly journals Impact of Capital Flow on Economic Growth in Ethiopia: Empirical evidence from (1980-2010) using ARDL Approach

2021 ◽  
Author(s):  
Bewket Aschale Gashu
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Dynamic Equilibrium ◽  
Capital Flow ◽  
Series Data ◽  
Causality Analysis ◽  
Export Sector ◽  
Long Run ◽  
Ardl Approach ◽  
The Impact

Abstract Evidence abound that some transitioning and developing countries are attracting large inflows of foreign capital that could engender economic growth or have destabilizing effects on their economies if not well managed. This has undoubtedly aroused anxiety over its potential effects on economic growth, the competitiveness of the export and external sectors viability. The study examines the impact of capital flow on economic growth in Ethiopia as well as the causal short-run and long-run relationship among the variables, using time series data from 1980–2010. Using the ARDL Approach, the result revealed that all the variables are statistically significant; which implies that the capital flow has an impact on economic growth in both short- and long-run dynamic equilibrium models. Additionally, VAR and Innovative Accounting Techniques approach to Granger causality analysis showed that there exists bidirectional causality between gross capital flow and economic growth. Consequently, these findings suggest that policy makers should critically understand, the nature, what drives the capital flows and the impact of its sudden surge or reversal on economy. Moreover, it is also recommended that government should continue to pursue trade and foreign exchange policies that would ensure competitiveness of the export sector viability and economic growth.

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