scholarly journals Inflation Thresholds, Economic Growth and Investment Planning In Uganda

2019 ◽  
Vol 2 (1) ◽  
pp. 55
Author(s):  
Rogers Matte
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Capital Accumulation ◽  
Threshold Model ◽  
Infrastructure Development ◽  
Investment Planning ◽  
Development Objectives ◽  
Economic Growth Rates ◽  
The Relationship ◽  
Macroeconomic Environment

<p><em>Economic Planners, monetary policy custodians and civil society in Uganda often disagree on the target for inflation when their development objectives are not harmonised. When development economists argue for increased deficit spending in support of infrastructure development and capital accumulation, they are challenged in regards how much pressure the development budget should put on likely macroeconomic stability, particularly where inflation could rise above the inflation target. This paper examined the effect of inflation on economic growth in Uganda and evaluates the equilibrium rate of inflation in the country, given the macroeconomic environment.</em><em></em></p><p><em>Using the threshold model</em><em> </em><em>and data for the period 1991-2017 it is established that</em><em>:</em><em> a) below 7.3</em><em> </em><em>percent inflation level, the relationship between inflation and economic growth is positive and inflation is not harmful to growth, while at levels above 7.3 percent, inflation was detrimental to economic growth and the relationship become negative; b) at economic growth rates above 7.8 percent, inflation was an incentive for further growth, yet at economic growth rates below 7.8 percent per annum, increases in inflation served as a dis-incentive to economic growth. Therefore Uganda in the current conditions is better off maintaining inflation below 7.3 percent as long as the anticipated economic growth is 7.8 percent.</em></p>

scholarly journals PROGRESO TECNOLÓGICO, ACUMULACIÓN DE CAPITAL Y CRECIMIENTO EN AMÉRICA LATINA

2019 ◽  
Vol 78 (307) ◽  
pp. 3
Author(s):  
Juan Alberto Vázquez Muñoz ◽  
José Fernando Camacho Acevo
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Capital Accumulation ◽  
Technological Progress ◽  
Dynamic Equilibrium ◽  
Aggregate Demand ◽  
Balance Growth ◽  
America Latina ◽  
Economic Growth Rates ◽  
Economic Capacity

<p align="center"><strong>RESUMEN</strong></p><p>En el presente artículo analizamos el comportamiento de las tasas de crecimiento de Argentina, Brasil, Chile y México para el periodo 1960-2017 y contrastamos las explicaciones relacionadas con la productividad total de los factores y con la acumulación de capital en el contexto de la restricción externa al crecimiento. Se concluye que el progreso tecnológico es una variable endógena que responde a las variaciones de la demanda necesarias para mantener el equilibrio dinámico de la balanza comercial y que el crecimiento de las economías está intrínsecamente ligado al comportamiento del crecimiento de la capacidad económica, el cual a su vez depende de la acumulación de capital. La evidencia empírica indica que los procesos de crecimiento acelerado de las economías analizadas se correspondieron con ritmos de acumulación de capital elevados.</p><p> </p><p align="center"><strong>TECHNOLOGICAL PROGRESS, CAPITAL ACUMULATION AND ECONOMIC GROWTH IN LATIN AMERICA</strong></p><p align="center"><strong>ABSTRACT</strong></p><p>This paper displays an analysis of the economic growth rates of Argentina, Brazil, Chile and Mexico during the period 1961-2017. Explanations related to total factor productivity and to capital accumulation are here contrasted in a context of growth external constraint. The following conclusiones are reached on empirical grounds: Technological progress is an endogenous variable reacting to variations in aggregate demand necessary to fulfill the dynamic equilibrium of the trade balance; growth rates in those countries are closely linked to the growth rate of their economic capacity; the process of growth acceleration in these economies corresponded to high rates of capital accumulation.</p><p align="center"><strong><br /></strong></p>

The Dynamics of Demographic and Macroeconomic Variables in India

2021 ◽  
pp. 152-169
Author(s):  
Sovik Mukherjee
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Economic Liberalization ◽  
Macroeconomic Variables ◽  
Long Run ◽  
Endogenous Variables ◽  
Employment Generation ◽  
Economic Growth Rates ◽  
The Relationship ◽  
Exclusive Focus

The theory of economic growth is one of the principal branches of macroeconomics that tries to highlight the factors that have influenced the long-run trend of the growth of an economy. One of the leading issues in the literature on India's economic growth has been the manifold effects of inflation and employment among many others. The present paper aims to examine the relationship between economic growth rates, inflation, employment, and population growth in a Simultaneous Equations System (SES) framework, with an exclusive focus on the experience since economic liberalization in 1991. The literature on this subject has up till now analyzed the determinants of these endogenous variables disconnectedly. Not only does this paper endeavour to ascertain the existence of endogeneity among these variables but also highlight a multitude of factors that are connected in this regard. This paper comes to a close by discussing the possibilities for developing strategies that are overtly concerned with productive employment generation.

scholarly journals A NOTE ON ECONOMIC GROWTH WITH SUBSISTENCE CONSUMPTION

2010 ◽  
Vol 14 (5) ◽  
pp. 763-771 ◽  
Author(s):  
Holger Strulik
Keyword(s):  
Economic Growth ◽  
Growth Model ◽  
Growth Rates ◽  
Degree Of Freedom ◽  
Controversial Issue ◽  
Historical Evolution ◽  
Transitional Dynamics ◽  
Economic Growth Rates ◽  
Over Time ◽  
Savings Rates

It is well known that the performance of simple models of economic growth improves substantially through the introduction of subsistence consumption. How to compute subsistence needs, however, is a difficult and controversial issue. Here, I reconsider the linear (Ak) growth model with subsistence consumption and show that the evolution of savings rates and economic growth rates over time is independent of the size of subsistence needs. The model is thus more general and less subject to arbitrariness than might have been thought initially. Quantitatively, it is shown that, although there is no degree of freedom to manipulate transitional dynamics, the model approximates the historical evolution of savings rates and growth rates reasonably well.

The Effects of Human Rights on Economic Growth, 1965 to 2010

2016 ◽  
Vol 2 (4) ◽  
pp. 375-412 ◽  
Author(s):  
Wade M. Cole
Keyword(s):  
Economic Growth ◽  
Human Rights ◽  
Growth Rates ◽  
Research Question ◽  
Civil Liberties ◽  
Domestic Investment ◽  
Reverse Causality ◽  
Bodily Integrity ◽  
Explanatory Factors ◽  
Economic Growth Rates

A long-standing research question asks whether democracy promotes or inhibits development, but relatively few studies explore the developmental consequences of human rights. I analyze the effect of respect for bodily integrity rights and civil liberties on economic growth rates, measured as percentage changes in gross domestic product over pooled five-year intervals, for 138 countries between 1965 and 2010. Bodily integrity rights entail fundamental protections against torture, political imprisonment, extrajudicial killing, and disappearances. Civil liberties include the freedoms of speech, assembly, religion, and movement. The analyses make use of estimators designed to isolate causal directionality. I find that improvements in countries’ rated bodily integrity practices boost economic growth rates, even after accounting for other important explanatory factors and the possibility of reverse causality. Additional analyses suggest that this effect operates largely through increased domestic investment. Static levels in bodily integrity scores, conversely, have no effect on growth; neither do static levels of or dynamic changes in civil liberties.

scholarly journals Trade Policies and Economic Growth

2013 ◽  
Vol 6 ◽  
pp. 33
Author(s):  
Thanawat Chalkual ◽  
Jeanne Peng ◽  
Shijia Liang ◽  
Yao Ju
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Positive Impact ◽  
Gdp Growth ◽  
Trade Policies ◽  
Gdp Growth Rate ◽  
Restrictive Trade ◽  
Tariff Rates ◽  
Economic Growth Rates ◽  
The Relationship

This paper aims to examine the relationship between trade policies and economic growth. In order to test whether restrictive trade policies have a positive impact on economic growth, we investigate America, Australia and China, and, analyse how their economic performance varies between a free trade environment and a relatively protective trade environment. In this paper, we focus on comparative advantage and use various data such as tariff rate, GDP growth rate, unemployment rate, etc. to test the influence of trade policies on economic growth.We find some support that less restrictive trade policy leads to better economic growth; however overall tariff rates do not seem to have a strong effect on economic growth rates

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