Does Government Debt Promote Economic Growth? An Empirical Analysis with Structural Breaks for the Economy of China

The main objective of this study is to investigate the impact of poverty, globalization, and environmental degradation on economic growth in the selected SAARC countries. This study is employed panel Autoregressive Distributive Lag (ARDL) technique for empirical analysis using selected SAARC regions including India, Pakistan, Bangladesh, Nepal and Sri Lanka over the period of 1980 to 2018. Globalization impacts economic growth positively and significantly. In addition to this the significant negative relationship is found between population and economic growth. The results show that poverty is positively related with environmental degradation. Furthermore, the results indicate that globalization is positively and significantly associated with environmental degradation in the SAARC region. Finally, the results show that urbanization is positive and significantly associated with environmental degradation, which could be the serious concerns for the policy makers to control.

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Study on ‘Culture and Economic Growth’ - Empirical Analysis and Theoretical Model

Korea Association Of Cultural Economics ◽

10.36234/kace.2020.23.1.3 ◽

2020 ◽

Vol 23 (1) ◽

pp. 3-27

Author(s):

Jin Kim

Keyword(s):

Economic Growth ◽

Theoretical Model ◽

Empirical Analysis

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Growth and Social Capital: Empirical Analysis of the Relationship

Mechanism of an economic regulation ◽

10.21272/mer.2019.84.11 ◽

2019 ◽

pp. 128-134

Author(s):

Ksenia V. Bagmet

Keyword(s):

Economic Growth ◽

Social Capital ◽

Economic Development ◽

Social Development ◽

Empirical Analysis ◽

Panel Data Analysis ◽

Well Being ◽

Developed Countries ◽

International Institute ◽

Level Of Economic Development

The article provides an empirical test of the hypothesis of the influence of the level of economic development of the country on the level of development of its social capital based on panel data analysis. In this study, the Indices of Social Development elaborated by the International Institute of Social Studies under World Bank support are used as an indicators of social capital development as they best meet the requirements for complexity (include six integrated indicators of Civic Activism, Clubs and Associations, Intergroup Cohesion, Interpersonal Safety and Trust, Gender Equality, Inclusion of Minorities), comprehensiveness of measurement, sustainability. In order to provide an empirical analysis, we built a panel that includes data for 20 countries divided into four groups according to the level of economic development. The first G7 countries (France, Germany, Italy, United Kingdom); the second group is the economically developed countries, EU members and Turkey, the third group is the new EU member states (Estonia, Latvia, Lithuania, Romania); to the fourth group – post-Soviet republics (Armenia, Georgia, Russian Federation, Ukraine). The analysis shows that the parameters of economic development of countries cannot be completely excluded from the determinants of social capital. Indicators show that the slowdown in economic growth leads to greater cohesion among people in communities, social control over the efficiency of distribution and use of funds, and enforcement of property rights. The level of tolerance to racial diversity and the likelihood of negative externalities will depend on the change in the rate of economic growth. Also, increasing the well-being of people will have a positive impact on the level of citizens’ personal safety, reducing the level of crime, increasing trust. Key words: social capital, economic growth, determinant, indice of social development.

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