El Sentido De La Causalidad Entre Inversiin En Capital FFsico Y Crecimiento Econnmico. Una Evaluaciin Empprica Para La Economma Colombiana 1970-2010 (Sense of Causality Between Investment in Physical Capital and Economic Growth: An Empirical Evaluation of the Colombian Economy 1970-2010)

2012 ◽  
Author(s):  
Juliin Enrique LLpez
Keyword(s):  
Economic Growth ◽  
Empirical Evaluation ◽  
Physical Capital

Economic Growth and Human Development since 1820

2018 ◽  
pp. 22-54
Author(s):  
Şevket Pamuk
Keyword(s):  
Economic Growth ◽  
World War Ii ◽  
Human Development ◽  
Industrial Revolution ◽  
Physical Capital ◽  
Modern Economic Growth ◽  
Education Levels ◽  
Modern Economic ◽  
Proximate Causes ◽  
The One

This chapter examines the trends in economic growth and human development in Turkey during the last two centuries. Economists have learned a great deal about modern economic growth since the end of World War II. The large and growing literature has emphasized that increases in productivity, achieved through technological progress on the one hand, and increases in per capita physical capital and education levels, on the other, were the most important factors contributing to economic growth. In addition, the labor force is much better educated than in 1820. In short, technological change and higher rates of investment in both physical and human capital are seen today as the leading proximate causes of economic growth since the Industrial Revolution.

Immigration Wave: Soviet Jew Exodus

2018 ◽  
Author(s):  
Assaf Razin
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Soviet Union ◽  
Urban Areas ◽  
Physical Capital ◽  
Behavioral Characteristics ◽  
Soviet Jews ◽  
The Soviet Union ◽  
The World ◽  
Residential Capital

The disunion of the Soviet Union and the destruction of communism in the USSR 1987-1991 triggered the recent emigration wave of Soviet Jews to various parts of the world, primarily to Israel. The professional, social, attitudinal and behavioral characteristics of the 1990s Jewish exodus cohort proved to be distinctive. Immigrants came mostly from urban areas, with advanced education systems. Immigration produced massive investments, both in residential structures and in non-residential capital. These investments were so substantial that they increased the capital to labor ratio and facilitated economic growth, aided by the remarkable human capital brought by the immigrants. The massive investments in physical capital and infrastructures were financed by capital imports as immigrants themselves fled their former homes almost penniless and credit constrained so that they hardly saved.

scholarly journals Financial Development and Economic Growth in ASEAN-5 Countries

2018 ◽  
Vol 20 (1) ◽  
pp. 57-71 ◽  
Author(s):  
Chinnasamy Agamudai Nambhi Malarvizhi ◽  
Yashar Zeynali ◽  
Abdullah Al Mamun ◽  
Ghazali Bin Ahmad
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Economic Efficiency ◽  
Capital Accumulation ◽  
Physical Capital ◽  
Significant Positive Effect ◽  
Domestic Investment ◽  
The Relationship ◽  
Physical Capital Accumulation ◽  
Positive Effect

This article explores the relationship between financial sector development and economic growth, using a sample of ASEAN-5 countries (Malaysia, Indonesia, Singapore, Thailand and Philippines) from 1980 to 2011. More specifically, this study investigates whether higher levels of financial development (FD) are significantly and robustly correlated with faster current and future rates of economic growth, physical capital accumulation and economic efficiency improvements. Findings of this study revealed that FD has a significant positive effect on economic growth. However, the estimated models show that the influence of FD, as a determinant for economic growth of ASEAN-5 countries, is less than that of domestic investment and export.

THE EFFECT OF THE INFLUX OF FOREIGN LABOUR IN MALAYSIA BY AUGMENTED MRW MODEL

2015 ◽  
Vol 76 (13) ◽  
Author(s):  
Saiyidatul Saadah Ahmad Nizam ◽  
Rohanin Ahmad ◽  
Nur Arina Bazilah Aziz
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Human Capital ◽  
Production Function ◽  
Physical Capital ◽  
Common Phenomenon ◽  
Skilled Labour ◽  
Foreign Labour ◽  
Pros And Cons

There are pros and cons in hiring foreign labour on the economy. The influx of foreign labour is a common phenomenon, but when their involvement is unlimited it will be one serious issue. Malaysia is one of the developing countries where industrial and construction sectors are in need of labour and this has opened up opportunities for foreign labour. Their inflow into Malaysia is increasing every year and this has caused problems such as time-consuming construction due to low-skilled labour and crime problems caused by problematic labour. We augmented Mankiw-Romer-Weil model by isolating the foreign labour element in human capital to find the effect of the influx of foreign labour in Malaysian economic growth. The results from our model show that the employment of foreign labour increases the rate of human capital but decreases the rate of physical capital. Therefore, the level of the production function also decreases.

The Origins of Productivity Change and Economic Growth in China’s Cities between the Years 2001 and 2014

2018 ◽  
Vol 06 (02) ◽  
pp. 1850012
Author(s):  
Jiancui LIU ◽  
Shilin ZHENG
Keyword(s):  
Economic Growth ◽  
Total Factor Productivity ◽  
Statistical Data ◽  
Physical Capital ◽  
Productivity Change ◽  
Factor Productivity ◽  
Transitional Processes ◽  
Second Tier ◽  
Theory Research ◽  
Factor Inputs

Total factor productivity represents not only the core of neo-classical growth theory research, but is also a key component in the understanding of the transitional processes of China from a factor-driven to an innovation-driven economy. In this paper, relying on 2000–2014 year statistical data, drawn from China’s four centrally administered and 283 provincial-level cities, the paper’s authors apply Cobb–Douglas production function methods to the calculation of urban total factor productivity rates of increase, and to changes in differing factor inputs, to show how, during the period of interest, involved changes impacted China’s economic growth. The analysis finds that: (1) between the years 2001 and 2005, changes in total factor productivity represented an important source of economic growth, but that after 2005 China’s economic growth clearly exhibited physical capital-driven features; (2) from 2012 onwards, influenced by resource-based and heavy chemical industries, the decrease in total factor productivity of China’s central region cities was the greatest (among the various areas), revealing an “extensive” aspect, and in 2014 the contribution rates of the region’s cities’ physical capital and total factor productivity were 127.77% and [Formula: see text]36.6%, respectively; (3) examining the cities based on their differing classifications, after 2012, the contribution rates of the fourth-tier cities’ total factor productivities underwent severe declines, while in China’s first- and second-tier cities the contribution rates of their total factor productivities exhibited signs of recovery.

Physical Capital, Production of the Energy and Time of Natural Resources’ Exhaustion

2016 ◽  
Vol 63 (1) ◽  
pp. 19-32 ◽  
Author(s):  
Maciej Malaczewski
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Physical Capital ◽  
Optimal Consumption ◽  
Long Run ◽  
Per Capita

The aim of this paper is to analyze long-run economic growth of the economy endowed with natural resources. In the model we assume that natural resources are the main source of the energy necessary to power physical capital. We also assume existence of second type of physical capital that does not need energy. We consider optimal consumption per capita – maximizing behaviour of the economy, and also analyze the time of exhaustion of natural resources.

Infrastructure and Economic Transformation in Ethiopia

2019 ◽  
pp. 190-212
Author(s):  
Seid Nuru
Keyword(s):  
Economic Growth ◽  
Capital Accumulation ◽  
Poverty Reduction ◽  
Physical Capital ◽  
Well Being ◽  
Economic Transformation ◽  
Infrastructure Development ◽  
Rail Network ◽  
Development Agenda ◽  
The Cost

Investment in infrastructure has a central role in the development agenda and is critical for supporting economic growth and poverty reduction. Infrastructure affects growth through two channels: directly through physical capital accumulation and indirectly through improvement in productivity. Investment in infrastructure enhances private sector activities by lowering the cost of production and opening new markets. Infrastructure investment in power generation, water, sanitation, and housing improves the social well-being of citizens. This chapter examines the pace and scale of infrastructure development in Ethiopia in the post-1991 period. The unparalleled expansion of infrastructure since the EPRDF came to power in 1991 has had a significant influence on the trajectory of Ethiopia’s economic growth. Investment in infrastructure now accounts for more than 15 per cent of GDP annually. Heavy investments in power, roads, rail network, irrigation, aviation, and logistics have helped to unleash the country’s potential both economically and as a major manufacturing hub in Africa.

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