Applicability of Keynesian Ideology in the Zimbabwe's Economic Growth Path

2014 ◽  
Author(s):  
Wellington Garikai Bonga
Keyword(s):  
Economic Growth ◽  
Growth Path

scholarly journals Towards determining Nigeria’s economic growth path: A balance-of-payments constrained growth approach

EconomiA ◽  
2020 ◽  
Vol 21 (1) ◽  
pp. 104-119
Author(s):  
Yohanna Panshak ◽  
Irfan Civcir ◽  
Hüseyin Ozdeser
Keyword(s):  
Economic Growth ◽  
Balance Of Payments ◽  
Growth Path ◽  
Growth Approach

ECONOMIC GROWTH IN CHINA AND ITS POTENTIAL IMPACT ON AUSTRALIA–CHINA BILATERAL TRADE: A PROJECTION FOR 2025 BASED ON THE CGE ANALYSIS

2019 ◽  
Vol 64 (04) ◽  
pp. 839-862
Author(s):  
YU SHENG ◽  
PETER DRYSDALE ◽  
CHUNLAI CHEN
Keyword(s):  
Economic Growth ◽  
Bilateral Trade ◽  
Static Model ◽  
Growth Path ◽  
Potential Impact ◽  
Economic Relationship ◽  
Trade Analysis ◽  
Business As Usual ◽  
Global Trade Analysis Project ◽  
Relationship Of

This paper uses the Global Trade Analysis Project (GTAP) Static Model to predict the potential impact of economic growth in China on bilateral trade between China and Australia in 2025, under three different scenarios representing the business as usual, the successful reform and the stagnation cases, respectively. The results show that exports from Australia to China will continue to increase in both absolute and relative terms, irrespective of which economic growth path China takes, partly due to the strong complementary relationship of production between the two countries. The results also indicate that education service exports will become a new engine of bilateral trade in addition to agricultural and mineral products. Furthermore, comparing the results obtained from the three scenarios shows how successful reform will bring more benefits to both China and Australia in trade, which provides useful insights for policy making to facilitate bilateral economic relationship.

Theory of Environmental Kuznets Curve

2011 ◽  
Vol 361-363 ◽  
pp. 1697-1702
Author(s):  
Lan Xu
Keyword(s):  
Economic Growth ◽  
Environmental Kuznets Curve ◽  
Optimal Growth ◽  
Kuznets Curve ◽  
Ekc Hypothesis ◽  
Growth Path ◽  
State Variable ◽  
Pollution Emission ◽  
Optimal Growth Path ◽  
The Relationship

The paper develops a two-state-variable environmental growth model to derive the optimal growth path for the relationship between pollution and economic growth, which is used to verify the existence of the Environmental Kuznets Curve (EKC) hypothesis. It is found that the theoretical outcomes imply the existence of the EKC relationship between environmental degradation and economic growth, which is dependent on the combining effects of the pollution intensity, abatement technology of pollution emission, production technology, and the return rate of capital stock.

scholarly journals Government Epidemic Prevention and Economic Growth Path Under Public Health Emergency: Theoretical Model and Simulation Analysis

2021 ◽  
Vol 9 ◽  
Author(s):  
Zhichao Yin ◽  
Xiaoxu Chen ◽  
Zongshu Wang ◽  
Lijin Xiang
Keyword(s):  
Public Health ◽  
Economic Growth ◽  
Theoretical Model ◽  
Simulation Analysis ◽  
Close Contact ◽  
Public Health Emergency ◽  
Contact Tracing ◽  
Growth Path ◽  
Public Health Emergencies ◽  
Economic Output

This paper constructs a partial equilibrium model under public health emergency shocks based on economic growth theory, and investigates the relationship between government intervention and virus transmission and economic growth path. We found that both close contacts tracing measures and isolation measures are beneficial to human capital stock and economic output per capita, and the effect of close contact tracing measures is better than that of isolation measures. For infectious diseases of different intensities, economic growth pathways differed across interventions. For low contagious public health emergencies, the focus should be on the coordination of isolation and tracing measures. For highly contagious public health emergencies, strict isolation, and tracing measures have limited effect in repairing the negative economic impact of the outbreak. The theoretical model provides a basic paradigm for the future researches to study economic growth under health emergencies, with good scalability and robustness.

scholarly journals Green GDP and Sustainable Development in Malaysia

2015 ◽  
Vol 10 (1) ◽  
pp. 01-08 ◽  
Author(s):  
Negin Vaghefi ◽  
Chamhuri Siwar ◽  
Sarah Aziz
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Natural Resources ◽  
Sustainable Growth ◽  
Growth Path ◽  
Policy Makers ◽  
Economic Growth And Development ◽  
Green Gdp ◽  
The World

Sustainability has become an important concept in economic growth and development in the world. Malaysia, as a rapidly developing economy in Asia, has been able to achieve a positive economic growth; however, there is a big question: is it on a sustainable growth path? Due to weaknesses of traditional GDP in reflecting sustainability path, Green GDP as an indicator of sustainability could be implemented with adjustments in calculations. This paper aims to calculate the Green GDP for Malaysia. This measure will almost give policy makers a more arguable estimate for the area of environmental challenges. This paper highlights the role of natural resources depletion and environmental damages in sustainable development of the country. Green GDP is associated with some uncertainties such as lack of comprehensive calculations in estimating data and difficulties in setting the price of natural resources. These uncertainties and how Malaysia would be able to implement more accurate Green GDP in future were also discussed.

The impact of budget deficit, public debt and education expenditures on economic growth in Poland

2021 ◽  
Vol 71 (1) ◽  
pp. 59-84
Author(s):  
Michał Konopczyński
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Public Debt ◽  
Budget Deficit ◽  
Growth Path ◽  
Rapid Improvement ◽  
Balanced Growth ◽  
Education Expenditures ◽  
Balanced Growth Path ◽  
The Impact

AbstractThis paper investigates the relationship between economic growth in Poland and a few metrics of fiscal policy: budget deficit relative to GDP, the structure of public debt, education expenditures, and public consumption. We prove that with constant values of parameters of fiscal policy, over time the economy converges to the balanced growth path which is unique and globally asymptotically stable.Having calibrated the model with statistical data, we demonstrate that in the period of 2000–2016 economic growth in Poland was driven primarily by rapid improvement in the level of human capital (at a rate of 5.4% per annum), and secondarily due to the accumulation of capital (2.7% annually). If recent trends in fiscal policy are continued, the Polish economy will converge to the balanced growth path with GDP growing at 3.7%. This rate may be boosted, if fiscal policy is appropriately adjusted, for example by permanent reduction in budget deficit. We also analyse the effects of changes in the financing structure of public debt. Finally, we present several scenarios of increasing public and private spending on education.

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