scholarly journals A MATHEMATICAL MODEL FOR THE STUDY OF THE EFFECTS OF THE ECONOMIC CYCLE ON THE REAL GDP GROWTH RATE THROUGH THE EXPECTATIONS-ADJUSTED PHILLIPS CURVE

2020 ◽  
Vol 10 (2) ◽  
pp. 222-234
Author(s):  
Rosa Ferrentino ◽  
Luca Vota
Keyword(s):  
Mathematical Model ◽  
Growth Rate ◽  
Phillips Curve ◽  
Gdp Growth ◽  
Economic Cycle ◽  
The Real ◽  
Real Gdp ◽  
Gdp Growth Rate

scholarly journals Unemployment and growth in advanced economies in the pre-crisis period

2013 ◽  
Vol 61 (2) ◽  
pp. 445-450 ◽  
Author(s):  
Milan Palát
Keyword(s):  
Growth Rate ◽  
European Union ◽  
Quantitative Methods ◽  
Statistical Significance ◽  
The United States ◽  
Gdp Growth ◽  
The European Union ◽  
The Real ◽  
Real Gdp ◽  
Gdp Growth Rate

The paper is aimed at assessing the relationship between the unemployment growth rate and the real GDP growth rate in three biggest advanced economic bodies of the world. In the statistical part of the paper the correlation determination of the real GDP growth rate and unemployment rate has been examined. The results of quantitative methods especially regression and correlation analysis statistically approved the correlation of chosen characteristics including the statistical significance in Japan and the United States. The situation in the European Union differs from the results of two other examined economies and the existence correlation hadn’t been proven statistically. This might be caused by a relatively specific economic development, structural and institutional changes which had occurred in the European Union during the reference period and which has had significant impacts for output and unemployment.

scholarly journals INNOVATION EFFECT THROUGH RESEARCH AND DEVELOPMENT ON ECONOMIC GROWTH IN 35 OECD COUNTRIES

2021 ◽  
Vol 11 (4) ◽  
pp. 159-166
Author(s):  
Maman Ali M. Moustapha ◽  
Qian Yu
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Research And Development ◽  
Regression Model ◽  
Oecd Countries ◽  
Multiple Regression Model ◽  
Gdp Growth ◽  
Real Gdp ◽  
Gdp Growth Rate ◽  
Development Expenditure

This paper analyzes the effect of research and development (R&D) expenditures on economic growth in the Organization of Economic Cooperation and Development (OECD) countries over the period 2000-2016. This study conducts an empirical analysis using a multiple regression model. The main findings confirm that an increase in research and development expenditure by 1% would generate an increase of real GDP growth rate to 2.83 %. The implication emerging from this study is that government and institutions need to increase investment in R&D expenditures to fulfill inclusive economic growth perspective.

Efficiency of Thai Commercial Banks: Pre- vs. Post-1997 Financial Crisis

2010 ◽  
Vol 13 (03) ◽  
pp. 417-447 ◽  
Author(s):  
Pornchai Chunhachinda ◽  
Li Li
Keyword(s):  
Growth Rate ◽  
Financial Crisis ◽  
Cost Efficiency ◽  
Commercial Banks ◽  
Gdp Growth ◽  
Crisis Period ◽  
Real Gdp ◽  
Gdp Growth Rate ◽  
Cost Efficiencies ◽  
Financial Characteristics

This study measures and compares the profit and cost efficiencies of Thai commercial banks between 1990 and 2008 which has been subdivided into the pre-crisis, the financial crisis, and the post-crisis periods. The efficiency scores are measured using a combination of parametric and non-parametric frontier approach. Both average profit and cost efficiency levels of the post-crisis period are found to be significantly lower than those of the pre-crisis period. The evidence also indicates that the real GDP growth rate and some general and financial characteristics are correlated with the efficiency level of Thai commercial banks.

scholarly journals Taxation, government spending and economic growth: The case of Bulgaria

2021 ◽  
Vol 7 (3) ◽  
pp. 255-266
Author(s):  
G. Ganchev ◽  
◽  
I. Todorov ◽  
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Tax Revenue ◽  
Gdp Growth ◽  
Real Gdp ◽  
Long Run ◽  
Gdp Growth Rate ◽  
Short Run ◽  
The Impact

The objective of this article is to estimate the impact of three fiscal instruments (direct taxes, indirect taxes, and government expenditure) on Bulgaria’s economic growth. The study employs an autoregressive distributed lag model (ARDL) and Eurostat quarterly seasonally adjusted data for the period 1999–2020. Four control variables (the shares of gross capital formation, household consumption, and exports in GDP as well as the economic growth in the euro area) are included in the model to account for the influence of non-fiscal factors on Bulgaria’s real GDP growth rate. The empirical results indicate a long-run equilibrium relationship between Bulgaria’s economic growth and the independent variables in the ARDL. In the short term, Bulgaria’s real GDP growth rate is affected by its own past values and the previous values of the shares of direct tax revenue, exports, government consumption, and indirect tax revenue in GDP. In the long term, Bulgaria’s economic growth is influenced by its own previous values and the past values of the share of household consumption in GDP and the euro area’s real GDP growth rate. Fiscal instruments can be used to stabilize Bulgaria’s growth in the short run but they are neutral in the long run. The direct tax revenue, government consumption, and indirect tax revenue are highly effective and can be used as tools for invigorating and stabilizing Bulgaria’s economic growth in the short run. However, in the long term, the real GDP growth rate can be hastened only by encouraging domestic demand (final consumption expenditure of households) and promoting exports. This research cannot answer the question of whether flat income taxation stabilizes the economy or not, since it does not separate the impact of tax rate changes from the influence of tax base modifications.

scholarly journals Government Spending and Inclusive-Growth Relationship in Nigeria: An Empirical Investigation

2016 ◽  
Vol 19 (2) ◽  
pp. 33-56 ◽  
Author(s):  
Bashir Olayinka Kolawole
Keyword(s):  
Health Economic ◽  
Growth Rate ◽  
Resource Use ◽  
Government Spending ◽  
Economic Freedom ◽  
Gdp Growth ◽  
Inclusive Growth ◽  
Real Gdp ◽  
Public Resource ◽  
Gdp Growth Rate

Abstract This study has investigated the relationship between government spending and inclusive growth in Nigeria over the period 1995 to 2014. Specifically, it examined how, and to what extent, government spending on education, government spending on health, economic freedom, public resource use, and real GDP growth rate have impacted on inclusive growth in the country. It used the Dickey-Fuller GLS unit root test to ascertain the order of integration of the series. Consequently, through the Auto-Regressive Distributed Lag (ARDL) bound testing technique, the study found that in the long-run government spending on health, economic freedom, public resource use and real GDP growth rate had significantly positive influence on inclusive growth. In the short-run, however, only real GDP impacted significantly on inclusive growth while other variables were not significant in causing inclusive growth. Thus, in conclusion, government spending in the form of redistributive spending on health propelled inclusive growth in Nigeria.

scholarly journals The Chinese GDP Growth Rate Puzzle: How Fast Has the Chinese Economy Grown?

2007 ◽  
Vol 6 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Harry X. Wu
Keyword(s):  
Growth Rate ◽  
Political Economy ◽  
Chinese Economy ◽  
Service Industries ◽  
Gdp Growth ◽  
The Real ◽  
Gdp Growth Rate ◽  
National Economic ◽  
Economic Census ◽  
Real Growth

The Chinese statistical authorities recently revised the Chinese GDP level and real growth rate for the period 1993–2004 following China's first national economic census for 2004. However, the methodology used in their revision is opaque. Using a trend- deviation interpolation approach, this study has managed to replicate the basic procedures of the revision and reproduced the official estimates. Through this exercise, we have found that the estimates that could be obtained by the straightforward interpolation procedures were significantly modified. Based on a political economy argument, we attempt to explain why the revision had to leave the growth rate of 1998 intact and why it had to bypass the price issue and directly work on the real growth rate revision. Based on previous studies and other observations, we also question the census results on non-service industries.

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