scholarly journals Measuring the Impacts of Roads Infrastructure on Manufacturing Location

CONVERTER ◽  
2021 ◽  
pp. 837-847
Author(s):  
Yong Wan, Xianglin Xu
Keyword(s):  
Economic Growth ◽  
Agglomeration Economies ◽  
Manufacturing Firms ◽  
Policy Implications ◽  
Heilongjiang Province ◽  
Economic Activities ◽  
Limited Impact ◽  
Manufacturing Sectors ◽  
Manufacturing Location ◽  
Sustainable Economic Growth

Using a detailed dataset on manufacturing firms, this study analyses the link between roads infrastructure and manufacturing location in Heilongjiang province, China. The results show that the improvement in roads facilities has very limited impact on the agglomeration of economic activities in Heilongjiang province during the 2001-2013 period, but this impact has changed to be significantly positive during 2008-2013 period, which has seen greater concentration. The explanation for this finding could be that the local protectionism and failed market economy took place in Heilongjiang province more recently. We also try to differentiate this distributive effect of road infrastructures across manufacturing sectors. The empirical results show that the technology-intensive and labor-intensive firms show a greater preference for areas with better road networks, while the resource-oriented industries appear to be not attracted by better road infrastructure. Important policy implications emerge from our findings for transport planning, enabling manufacturing firms to benefit from agglomeration economies and regions to achieve sustainable economic growth.

scholarly journals Agglomeration Economies among Animal and Crop Producers in Nigeria: A Panacea for Diversification and Sustainable Economic Growth in South Eastern Nigeria

2018 ◽  
pp. 60-64
Keyword(s):  
Economic Growth ◽  
Large Scale ◽  
Agricultural Development ◽  
Basic Education ◽  
Developing Economies ◽  
Correlation Method ◽  
Agglomeration Economies ◽  
Access To Credit ◽  
South Eastern ◽  
Sustainable Economic Growth

This paper investigates agglomeration economies among Farmers in cluster areas of South Eastern Nigeria as a tool for economic emancipation with a special interest in diversification and growth. It also identified other vital roles agglomeration plays in developing economies like Nigeria. These are not only as tools for poverty alleviation and diversification of sources of livelihood among farmers but also tools for employment generation and sustainable economic growth. This paper was motivated by the quest to provide urgent policy recommendations for a sustainable approach to agricultural development in South Eastern Nigeria. The specific objectives of the study were to: (i) describe the socioeconomic characteristics of the respondents; (ii) ascertain the perception of the farmers on diversification and other benefits from agglomeration locations in the region, and (iii) ascertain the challenges militating against diversification and economic growth as benefits from agglomeration clusters. Descriptive survey research design and structured questionnaire were adopted for this study. Pearson's product moment correlation method and split half technique were adopted to determine the internal consistency of the instrument on 150 questionnaires retrieved and reliability coefficient of 0.91 was obtained. Objective (i) and (ii) were realized using descriptive statistics and charts while Objective (iii) was realized using weighted mean, standard deviation and rankings. Majority of the farmers were within the active age of 40-49 years. Basic education (69.3%) was also pronounced and most farmers operate either medium or large-scale farming. Farmers were of the views that they had benefited immensely from agglomeration economies especially in areas of transportation, diversification, access to information and innovation as well as access to credit. Fear of risks and uncertainties, dependency on rain-fed farming, and limited access to long-term credit ranked highest among the critical challenges limiting them from diversification and economic growth potentials in agglomeration.

scholarly journals Spurring Economic Growth in Terms of Happiness, Human Development, Competitiveness and Global Innovation: the ASEAN Case

2021 ◽  
Vol 38 (1) ◽  
Author(s):  
Dio Caisar Darma Darma
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Cross Sections ◽  
Linear Regression Method ◽  
Economic Activities ◽  
Asean Member ◽  
Global Innovation ◽  
Sustainable Economic Growth ◽  
The Relationship

Happiness, human development, level of competitiveness, and capacity in innovation all play an important role in spurring long-term sustainable economic growth. This study presents the relationship between these factors—happiness, human development, competitiveness, and innovation in the ASEAN region—in how they influence economic growth. To date, there has been a lack of research on this specific issue, and thus it is an interesting and little-known one to study. Panel data were used comprising a combination of time series and cross-sections. The object of the study was ASEAN member countries using the multiple linear regression method. For the years of 2013–2019, we found that overall economic growth had a real impact. The results showed that human development and global innovation are two-way related to economic growth (positive and significant). Conversely, there was an insignificant influence of happiness and competitiveness on economic growth. Competitiveness, in particular, can reduce the level of economic growth. The policy considerations pursued by countries in ASEAN are through the respective governments’ strategic steps to improve the productivity of their populations, because human resources are needed not only as objects but actors in economic activities themselves in managing development.

Agglomeration Economies among Animal and Crop Producers in Nigeria: A Panacea for Diversification and Sustainable Economic Growth in South Eastern Nigeria

2018 ◽  
Vol 1 (1) ◽  
pp. 60-64
Author(s):  
Omeje Emmanuel E ◽  
Onah Ogochuchukwu G ◽  
Chiemela Peter N ◽  
Agbo Nneka H
Keyword(s):  
Economic Growth ◽  
Large Scale ◽  
Agricultural Development ◽  
Basic Education ◽  
Developing Economies ◽  
Correlation Method ◽  
Agglomeration Economies ◽  
Access To Credit ◽  
South Eastern ◽  
Sustainable Economic Growth

This paper investigates agglomeration economies among Farmers in cluster areas of South Eastern Nigeria as a tool for economic emancipation with a special interest in diversification and growth. It also identified other vital roles agglomeration plays in developing economies like Nigeria. These are not only as tools for poverty alleviation and diversification of sources of livelihood among farmers but also tools for employment generation and sustainable economic growth. This paper was motivated by the quest to provide urgent policy recommendations for a sustainable approach to agricultural development in South Eastern Nigeria. The specific objectives of the study were to: (i) describe the socioeconomic characteristics of the respondents; (ii) ascertain the perception of the farmers on diversification and other benefits from agglomeration locations in the region, and (iii) ascertain the challenges militating against diversification and economic growth as benefits from agglomeration clusters. Descriptive survey research design and structured questionnaire were adopted for this study. Pearson's product moment correlation method and split half technique were adopted to determine the internal consistency of the instrument on 150 questionnaires retrieved and reliability coefficient of 0.91 was obtained. Objective (i) and (ii) were realized using descriptive statistics and charts while Objective (iii) was realized using weighted mean, standard deviation and rankings. Majority of the farmers were within the active age of 40-49 years. Basic education (69.3%) was also pronounced and most farmers operate either medium or large-scale farming. Farmers were of the views that they had benefited immensely from agglomeration economies especially in areas of transportation, diversification, access to information and innovation as well as access to credit. Fear of risks and uncertainties, dependency on rain-fed farming, and limited access to long-term credit ranked highest among the critical challenges limiting them from diversification and economic growth potentials in agglomeration.

scholarly journals Energy Consumption and Economic Growth: Further Evidence from Taiwan

2017 ◽  
Vol 9 (7) ◽  
pp. 165
Author(s):  
Chung-Wei Kao ◽  
Jer-Yuh Wan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Energy Conservation ◽  
Energy Use ◽  
Threshold Model ◽  
Policy Implications ◽  
Economic Activities ◽  
Causality Test ◽  
Long Run ◽  
The Business Cycle

This paper investigates the nonlinear relationship between energy consumption and GDP in Taiwan. By applying the method of Gonzalo and Pitarakis (2006), we consider the possibility of significant threshold effects within the long-run relationship between the two variables, where the effect is trigged by changes in the phase of the business cycle. The Granger-causality test in a threshold model indicates the relationship between energy consumption and GDP is regime-dependent. A bidirectional relationship between these two variables is observed in the contractionary regime, implying that energy serves as an engine of economic growth and that reductions in energy use will have adverse effects on economic activities. On the other hand, a unidirectional causality running from GDP to energy consumption is detected in the expansionary regime. It indicates energy conservation is feasible in this regime with little or no detrimental effects on economic growth. The policy implications are that energy use and economic growth are jointly reinforcing each other during recessionary periods. However, in periods of high economic growth when energy consumption cannot bring about economic growth, energy conservation policies should be adopted with more aggressive thinking.

scholarly journals Economic Transition in the City of Paterson, New Jersey (America’s First Planned Industrial City): Causes, Impacts, and Urban Policy Implications

2014 ◽  
Vol 2014 ◽  
pp. 1-9 ◽  
Author(s):  
Thomas Y. Owusu
Keyword(s):  
Economic Growth ◽  
Twentieth Century ◽  
New Jersey ◽  
Urban Policy ◽  
Economic Transition ◽  
Policy Implications ◽  
High Rate ◽  
Economic Decline ◽  
Economic Activities ◽  
The City

This paper examines the dynamics of economic change in the City of Paterson, New Jersey, from the time of its founding in the late eighteenth century to 1990, with emphasis on the post-1945 era. Analysis shows that from the time of its founding to the first half of the twentieth century, Paterson experienced a period of economic growth followed by economic decline in the 1960s, characterized by major changes in its principal industries of cotton, locomotives, and silk. Economic growth in Paterson up to the early part of the twentieth century is attributable to several locational factors, including the availability of water resources, transportation, labor supply, and markets. Its decline in the post-1945 era is attributable to a combination of local, national, and global economic factors including periods of depression, labor discord, product substitution, decentralization of economic activities, and deindustrialization. Economic decline resulted in a high rate of unemployment, poverty, and urban decay. The most significant effort to reverse urban decline in the city is the urban enterprise zone (UEZ) program. The impacts of this program on economic growth in the city, however, remain inconclusive.

scholarly journals The Digitalization – Economic Growth Relationship in Developing Countries and the Role of Governance

2021 ◽  
Vol 68 (4) ◽  
pp. 481-493
Author(s):  
Van Bon
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Digital Technology ◽  
Developing Economies ◽  
Research Question ◽  
Trade Openness ◽  
Policy Implications ◽  
Economic Activities ◽  
Advanced Economies ◽  
The Difference

Digital technology is emerging as one of the suitable solutions to help developing economies catch up with advanced economies in the context of globalization. Progress in digital technology promotes economic growth in developing economies because it reduces transaction costs in economic activities and improves workers’ skills and knowledge. Meanwhile, governance is the primary cause of economic growth. Therefore, this study raises a research question of whether governance significantly contributes to the digitalization – economic growth relationship in developing countries or not. For the answer, the study uses the difference GMM Arellano-Bond estimators to empirically examine the effects of digitalization, governance, and their interaction on economic growth for a group of 35 developing countries from 2006 to 2019. Then, the study applies the FE-IV estimator to check the robustness of estimates. The results indicate that digitalization and governance boost economic growth while their interaction hinders it. Furthermore, trade openness also increases economic growth. These findings suggest some crucial policy implications that governments in developing countries should establish appropriate conditions to promote digital technology so that citizens can peacefully express their views on government policies and regulations, which contributes to the economic development of the country.

scholarly journals Sustainable tourism and economic growth nexus in Kenya: policy implications for post-Covid-19

2020 ◽  
Vol 1 (2) ◽  
pp. 123-138
Author(s):  
Kipkosgei Bitok ◽  
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Sustainable Tourism ◽  
Policy Implications ◽  
Primary Data ◽  
Series Data ◽  
Economic Activities ◽  
Secondary Sources ◽  
Long Run ◽  
Socio Economic Impact

Purpose: The COVID-19 global pandemic has caused an unprecedented socio-economic impact. It has also raised our awareness of the role sustainability needs to play in our economic activities. This study investigated how sustainable tourism has contributed to economic growth in Kenya. Research Methodology: Eviews 10 software was used to analyze the time-series data. Drawing on data from 1995 to 2020, Johansen co-integration, Granger causality, and regression approaches were used. Results: The study found out that tourism employment and GDP are positively connected to economic growth in Kenya. The causality was unidirectional from economic growth to tourism contribution to GDP and employment, with a long-run linkage of the study determinants. Limitations: Since this research used the secondary sources of data, similar studies in the future may concentrate on the primary data sources to investigate the relationship between tourism employment and economic advancement. Contribution: At the new normal in the post-Covid-19 period, the study suggests that legislators and tourism policymakers should focus on the policies aimed at promoting sustainable tourism. Sustainable tourism should be managed following the three pillars of sustainability. Keywords: Development, Domestic, Moderate, Regional, Scenario

scholarly journals The Significance of Military Expenditure, Tourism, and Exports for Sustainable Economic Growth

2021 ◽  
Vol 9 ◽  
Author(s):  
Ghazala Aziz ◽  
Majid Ibrahim Alsaggaf ◽  
Mohd Saeed Khan
Keyword(s):  
Economic Growth ◽  
Military Expenditure ◽  
Oil Price ◽  
Economic Activities ◽  
Policy Makers ◽  
Long Run ◽  
International Labor ◽  
Oil Export ◽  
Short Run ◽  
Sustainable Economic Growth

The current empirical study addresses the recent economics of Saudi Arabia such as the uncertainty of economic growth and dependence on oil export. For this purpose, labor, capital, oil price, terrorism, military expenditure, tourism, and exports are added to the analysis. ARDL long-run and short-run analyses are used, and the results of the study have revealed that labor is negatively related to economic growth, which suggests that efforts should be done to reduce dependence on international labor through the installation of production facilities in those countries where labor is cheap. Also, it is noted that capital, tourism, and non-oil exports enhance economic growth, whereas oil price is the main problem for the economic growth of the country. These results suggest that the diversification of exports to non-oil products is a good strategy to boost economic growth. Alongside, domestic tourism should be promoted to enhance its share in economic activities. The current study helps the policy makers to open new earning avenues such as enhanced tourism sectors and modernized industries which help in technology exports.

Nexus Between Money Laundering and Sustainable Development Goals

2022 ◽  
pp. 686-703
Author(s):  
Laeeq Razzak Janjua ◽  
Syed Abdul Rehman Khan
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Money Laundering ◽  
Growth And Development ◽  
Growth Process ◽  
Economic Activities ◽  
Industrial Growth ◽  
Economic Growth And Development ◽  
Development Goals ◽  
Sustainable Economic Growth

Money laundering is a hot debate discussion among policymakers, as money laundering usually arises due to theft of money or other illegal activity. Such criminal activities damage every stakeholder of the economic cycle, whether it is trade, productivity, or contribution of the financial sector itself. Due to the fact money laundering makes the industrial growth process very slow and undercuts economic activities, which are essential for the development. This chapter explores the nexus between money laundering as a threat to a sustainable development goal from different angles. The discussion reveals that money laundering negatively impacts economic growth, and the fundamental pillar of sustainable development is economic growth. So can we achieve sustainable economic growth and development without controlling money laundering? The authors conclude it is not possible.

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