Inequality and Economic Growth: Data Comparisons and Econometric Tests

2002 ◽  
Author(s):  
James K. Galbraith ◽  
Hyunsub Kum
Keyword(s):  
Economic Growth ◽  
Growth Data ◽  
Econometric Tests

The relationship between energy consumption and economic growth: New evidence from Greece

2021 ◽  
pp. 131-153
Author(s):  
Antonia Gkergki
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Gdp Per Capita ◽  
Short Term ◽  
Vector Error Correction ◽  
Per Capita ◽  
Econometric Tests ◽  
The Government ◽  
New Research ◽  
The Relationship

This paper examines the relationship between the energy consumption and economic growth from 1968 to 2019 in Greece, by employing the vector error-correction model estimation. A series of econometric tests are employed concerning the stationary of the data, and the co-integration and the relationship among the variables during the long- and short-term. The em-pirical results suggest that there is no bidirectional relationship between economic growth and energy consumption. More specifically, GDP per capita does not affect the energy consump-tion of the three primary sources either in the long-term or the short-term. In other words, the economic crisis and its implications for GDP do not affect energy consumption, and they are not responsible for the considerable decrease in energy sources' consumption. On the other hand, the energy consumption of oil and coal negatively affect the GDP per capita. These re-sults are different from previous studies' conclusions for Greece; this is because the never been experienced before. These findings raise new research questions and also show the limi-tations of the Greek market, as it is regulated and controlled by the government.

Does Economic Growth Pay Political Dividends in India?

2019 ◽  
Vol 67 (1-2) ◽  
pp. 166-169
Author(s):  
Vasant V. Bang ◽  
Alok Kumar Mishra
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Regression Equations ◽  
Economic Policies ◽  
Growth Data ◽  
Parliamentary Elections ◽  
Independent Variables ◽  
Economic Development And Growth ◽  
Bharatiya Janata Party ◽  
Ruling Party

Since independence in 1947, India has witnessed several changes in economic policies of governments. Economic reforms were started in India in 1984 and were accelerated later in 1991. It is believed that Bharatiya Janata Party won the 2014 parliamentary elections on the promise of economic development and growth. In this article, an attempt has been made to investigate the link between economic and electoral performances in Indian elections. The data for 1951–2014 period has been analysed by establishing regression equations using vote percentage received by a ruling party as dependent variable and sectoral economic growth during the ruling tenure as independent variables. Comparisons have been made between the pre- and post-1984 eras. An important contribution of this article is that it highlights the fact that electoral performances can be better explained using sectoral growth data as compared to overall GDP growth rates. The article also highlights a significant role played by volatility in growth rates.

scholarly journals The Impact of Financial Deepening on Economic Growth in Nigeria (1981-2018)

2020 ◽  
Vol 17 ◽  
Keyword(s):  
Economic Growth ◽  
Private Sector ◽  
Interest Rates ◽  
Money Supply ◽  
Commercial Banks ◽  
Financial Sector ◽  
Financial Deepening ◽  
Growth Data ◽  
Main Research ◽  
The Impact

Different academics and experts have acknowledged that developing the financial sector positively impacts economic growth by increasing productivity, progress and national investment. Expanding the financial sector allows financial intermediaries to carry out functionalities of deploying, aggregating and directing a country’s savings into an investment which contributes to domestic progression. This research explores the effect of financial deepening on Nigeria’s growth for 38 years covering 1981- 2018. The main research goals were to investigate the linkages among time and savings deposit of commercial banks, money supply and credit to the private sector on the economy’s growth. Data was obtained from CBN Bulletin different issues and analyzed using Autoregressive Distributed Lag. From the result of analysis, we found out that long run relationship existed but no regressor was found to be significant. Credit to the private sector to GDP was inversely related to GDP growth whereas money supply to GDP had positive relations with economic growth rate, time and savings deposits in commercial banks negatively affected national growth. Policies favoring credit lending to the private sector should be encouraged by stakeholders in the economy, for instance, higher savings interest rates would encourage more savings. More importantly, policies should be enacted to make sure that savings are transmitted into productive investments that can yield financial deepness

Explaining Economic Growth in China: New Time Series and Econometric Tests of Various Models

2020 ◽  
Vol Prépublication (0) ◽  
pp. I79-XXXIV
Author(s):  
Zhiming Long ◽  
Rémy Herrera ◽  
Weinan Ding
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Econometric Tests ◽  
New Time

scholarly journals INVESTASI DAN PERTUMBUHAN EKONOMI SUMATERA BARAT

2018 ◽  
Author(s):  
Melti Roza Adry
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Granger Causality Test ◽  
Cointegration Test ◽  
Growth Data ◽  
Causality Test ◽  
Result Show

The purpose of the research is to know and analysis causality betweeninvesment and economic growth in West Sumatera. We are using invesment andEconomic growth data from 1st quartal 2000 until 4thquartal 2010. We are usingunit root test, cointegration test and granger causality test. The result show thatinvestment and economoic growth have causality effect in West Sumatera.

scholarly journals PENGARUH FAKTOR INTERNAL, EKSTERNAL, DAN LAYANAN TRANSAKSI DIGITAL BANK TERHADAP PROFITABILITAS

2021 ◽  
Vol 10 (6) ◽  
pp. 607
Author(s):  
Marizka Distya Anastasia ◽  
Munari Munari
Keyword(s):  
Economic Growth ◽  
Commercial Banks ◽  
Quantitative Methods ◽  
Service Providers ◽  
Sampling Technique ◽  
Internet Banking ◽  
Company Size ◽  
Mobile Banking ◽  
Growth Data ◽  
Keywords Internet

One of the important factors for banking is financial service providers who describe the bank to perform performance as measured by profitability. Factors that cause changes in bank profitability can be seen from internal factors as well as external factors as well as the application of technology. This study aims to analyze, test, and prove the effect of CAR, NPL, LDR, BOPO, company size, inflation, economic growth, internet banking transactions, and mobile banking transactions on the profitability of commercial banks listed on the Indonesia Stock Exchange in 2015-2019. This study uses quantitative methods with secondary data obtained through bank financial reports available on the IDX and the website of the Badan Pusat Satistik (BPS) related to inflation and economic growth data. Determination of the sample using purposive sampling technique in order to obtain 6 commercial banks to be researched. Technical analysis of the data using multiple linear regression. The results showed that CAR has a significant positive effect on profitability, while BOPO, economic growth, and mobile banking transactions have a significant effect on profitability. However, NPL, LDR, company size, inflation, and internet banking transactions have no effect on profitability. Keywords: Internet banking; mobile banking; profitability

A Study of Causality between Bank Credit and GDP Growth in India

2015 ◽  
Vol 6 (1) ◽  
Author(s):  
Dhiren Jotwani
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Analysis ◽  
Bank Credit ◽  
Gdp Growth ◽  
Growth Data ◽  
Key Factors ◽  
Indian Economy ◽  
Long Run ◽  
Short Run

The factors that cause Economic growth are varied and diverse. Theory has however managed to identify certain key factors, of which finance is one. In recent years, there have been studies using econometric time-series analysis to study the short-run and long-run relationships between finance and growth, for various countries. This paper is a study of the Indian economy, where we try to determine the causal relationship between bank credit and economic growth. Data from 1972 to 2012 for the Indian economy has been used for this study. The results suggest that provision of bank credit leads to economic growth. However, an increase in economic growth may not lead to further provision of bank credit in the economy. In other words, there is unidirectional causality from bank credit to growth.

scholarly journals The contribution of public capital towards economic growth: A KwaZulu-Natal case study

2017 ◽  
Vol 20 (1) ◽  
Author(s):  
Clive E. Coetzee ◽  
Ewert P.J. Kleynhans
Keyword(s):  
Economic Growth ◽  
Capital Stock ◽  
Statistical Significance ◽  
Public Capital ◽  
Data Series ◽  
Growth Data ◽  
Equilibrium Relationship ◽  
Kwazulu Natal ◽  
Provincial Capital

Background: The adequate supply of infrastructure is essential to ensure increasing productivity and economic growth. Research found this relationship to be significantly positive. The external effects that spending on public capital has on the production function of private firms stimulates economic growth overall. This implies that public capital inputs should be incorporated into the production function.Aim: The way provincial or regional growth depends on infrastructure is investigated in this article and it is applied to data from KwaZulu-Natal province, as an illustration.Setting: This study investigates the extent to which infrastructure in KwaZulu-Natal province in South Africa leads towards economic growth of the province.Methods: From a theoretical framework, this article develops an endogenous growth model, which investigates the association between provincial public capital stock expenditure and economic growth. Data series for public capital formation are first developed to apply in this study and others to follow. Econometric techniques are then employed, using quarterly data between 2001 and 2015, to assess the set hypothesis that growth in expenditure on public capital leads to national economic growth.Results: The empirical results support the argument of a positive relationship between provincial capital stock and economic growth in the long-term. The findings also suggests that the long-term causality or effect fades over time, albeit slowly.Conclusion: The nature and statistical significance of the long-term equilibrium relationship seems to be ambiguous at best. Some evidence of an equilibrium relationship in the short-term was, however, also observed. In conclusion, there also seems to be some causality between provincial capital stock and provincial gross domestic product in the short-run.

scholarly journals DAMPAK PEMBIAYAAN DEFISIT ANGGARAN DENGAN UTANG LUAR NEGERI TERHADAP INFLASI DAN PERTUMBUHAN EKONOMI: Studi Kasus Indonesia Tahun 1970-2003

2006 ◽  
Vol 7 (1) ◽  
pp. 81-103
Author(s):  
Joko Waluyo
Keyword(s):  
Economic Growth ◽  
Government Spending ◽  
Budget Deficit ◽  
Least Square ◽  
Base Interaction ◽  
Foreign Loan ◽  
Monetary Base ◽  
Level Increase ◽  
Econometric Tests ◽  
The Government

The main purpose of this study is to find the effect of budget deficit with foreign loans as source of funding on inflation and economic growth. This study focuses on transmission mechanism of budget deficit funding effects on inflation and economic growth. We use a specific simultaneous macroeconomic model which includes 17 behavioral equations and 18 identity equations with 6 blocks in this study, Two Stage Least Square (TSLS) method is employed to estimate the behavioral equations in the model. This study use Indonesia secondary economic data from 1970 to 2003. Econometric tests are performed to produce BLUE estimator. This study also use stochastic simulation with 10000 replications to simulate policy.The results show that using foreign loan to fund budget deficit increases both economic growth and inflation. This result is also supported by the simulation results which show that increase in the proceeds of new foreign loan increases reserves which in turn increase primary money/money supply/monetary base. Interaction of monetary base with money multiplier then increases price level. increase in capital in flow from increase in foreign loan increases government spending which also increases government spending increases in the government spending then add to government capital stock so that economic growth also increases.

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