scholarly journals Resource Price Fluctuations, Resource Dependence and Sustainable Growth

2019 ◽  
Vol 11 (22) ◽  
pp. 6371 ◽  
Author(s):  
Hua Wang ◽  
Shi Wang ◽  
Cheng-Fu Yang ◽  
Sheng-Nan Jiang ◽  
Yun-Juan Li
Keyword(s):  
Economic Growth ◽  
Indirect Effects ◽  
Capital Investment ◽  
Resource Dependence ◽  
Generalized Method Of Moments ◽  
Resource Curse ◽  
Sustainable Growth ◽  
Price Fluctuations ◽  
Transmission Mechanisms ◽  
Sustainable Economic Growth

The previous literature on the resource curse has not taken resource price fluctuations into account. Using panel data covering the period from 1993 to 2017 from 28 provinces in China and dynamic generalized method of moments (GMM), this article takes a fresh look at the relationship between resource dependence and sustainable economic growth and the potential transmission mechanisms taking resource price fluctuations into consideration. We find that resource price fluctuations represent an important factor when researching the resource curse, and there is a U-shaped relationship between resource dependence and sustainable economic growth. However, over the past 20 years, provinces in China remained on the left of the U-shaped curve, and there is a single negative correlation between resource dependence and sustainable economic growth. This means that resource curse occurs in nearly all provinces in China. The analysis of transmission mechanisms of indirect effects taking resource price fluctuations into consideration shows that human capital investment and physical capital investment are more important than other mechanisms, and there are considerably more indirect effects than direct effects when taking into account the total effects of the resource curse.

Comparative analysis of the influence of oil and gas complex on economic growth in the macro–regions of the world

2020 ◽  
Author(s):  
Daria M. Cherepanova ◽  
◽  
Irina V. Filimonova ◽  
Keyword(s):  
Economic Growth ◽  
Comparative Analysis ◽  
Resource Dependence ◽  
Oil And Gas ◽  
Sustainable Growth ◽  
High Hydrocarbon ◽  
Hydrocarbon Production ◽  
The World ◽  
Sustainable Economic Growth ◽  
The Impact

The paper discusses the problem of resource dependence in countries with high hydrocarbon production, export of resource. The aim of the study is to assess the impact of resource dependence factors and sustainable growth factors on economic growth of 41 countries, which are net oil and gas exporters, for the period 1990–2018 based on the analysis of panel data. Countries are classified by macro–regions, levels of economic development and democracy. The consequences in terms of sustainable economic growth were analyzed.

scholarly journals The Impact of Tourism on the Local Economy in Malaysia

2018 ◽  
Vol 13 (12) ◽  
pp. 151 ◽  
Author(s):  
Chin-Hong Puah ◽  
Meng-Chang Jong ◽  
Norazirah Ayob ◽  
Shafinar Ismail
Keyword(s):  
Economic Growth ◽  
Capital Investment ◽  
Positive Impact ◽  
Economic Transformation ◽  
Tourism Industry ◽  
Local Economy ◽  
Sustainable Growth ◽  
Distributed Lag ◽  
The Government ◽  
The Impact

The local and international communities play an important role in the sustainable growth of the Malaysian tourism industry. The principle of sustainable growth in the tourism industry was proposed by the World Tourism Organization (WTO) in 1988. As the tourism industry is one of the largest and fastest growing industries in Malaysia, the government has poured considerable effort into promoting this industry consistent with the objective of the Economic Transformation Program (ETP) to transform from a resource-based economy to a service-based economy. This study aimed to test the hypothesis of tourism-led growth from Malaysia’s perspective. The tourism revenue earned by the government can be used to invest in industry to further promote economic growth in Malaysia. Hence, tourist receipts and capital investment in the tourism industry are important factors that can affect the nation’s economic growth. Utilizing Malaysian data from 1995 to 2016, the study employed the Autoregressive Distributed Lag (ARDL) approach to examine whether the tourism-led growth is valid in this study. Empirical findings indicated that both variables have a significant positive impact on economic growth and the hypothesis of tourism-led growth is accepted in Malaysia.

scholarly journals EFFECTS OF RENT-SEEKING ON ECONOMIC GROWTH IN LOW-INCOME ECONOMIES

2021 ◽  
Vol 24 (2) ◽  
pp. 205-220
Author(s):  
Zi Wen Vivien Wong ◽  
Fanyu Chen ◽  
Thian Hee Yiew
Keyword(s):  
Economic Growth ◽  
Low Income ◽  
High Performance ◽  
Generalized Method Of Moments ◽  
Rent Seeking ◽  
Sustainable Growth ◽  
Low Income Countries ◽  
Limited Attention ◽  
Economic Implications ◽  
Method Of Moments Estimator

Sluggish growth in low-income countries, despite the high performance in other economic indicators, motivates the literature to switch attention to institutions. Despite its crucial economic implications, there is limited attention on rent-seeking as a driver of economic growth in low-income countries. This paper investigates the effect of rent-seeking on growth in low-income countries from 2004 to 2017using the system generalized method of moments estimator. The empirical results reveal that rent-seeking negatively affects growth, implying that it obstructs the pace of economic development in low-income countries. Hence, it is necessary for policymakers in these countries to adopt anti-rent-seeking policies to promote a rapid and sustainable growth.

scholarly journals Stabilization Policies and Technological Shocks: Towards a Sustainable Economic Growth Path

2019 ◽  
Vol 11 (1) ◽  
pp. 205 ◽  
Author(s):  
Anelí Bongers ◽  
Carmen Díaz-Roldán
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Policy Making ◽  
Sustainable Growth ◽  
Economic Policies ◽  
Long Run ◽  
Short Run ◽  
Stabilization Policies ◽  
Development Goals ◽  
Sustainable Economic Growth

The purpose of this paper is to explore the extent to which traditional economic policies can be oriented by sound practices. It is becoming widely accepted that sustainable economic growth (and not only economic growth) is the final target of economic policies, but some economic policies are applied just looking to the short-run without taking in account the long-run perspective. Our aim is to show how a sustainable economic policy-making would be possible, making compatible the stabilization of the economy in the short-run with a sustainable economic growth in the long-run. We confront the design of economic policies with the 17 goals of the 2030 Agenda. We argue that all sustainable development goals can be attained by the design and implementation of sustainable economic policies. Finally, to illustrate this point, we will conduct a simulation exercise to show under which combinations of demand policies technological shocks would promote a path of sustainable growth. Our results will provide a reference framework for a sustainable economic policy-making.

scholarly journals Analysis of Economic Sustainable Growth Based on Economic Ethics System Model

2018 ◽  
Vol 228 ◽  
pp. 05010
Author(s):  
Yiyan Chen ◽  
Ye Li
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Necessary Conditions ◽  
Sustainable Growth ◽  
Three Dimensions ◽  
System Model ◽  
Economic Ethics ◽  
The Law ◽  
The Government ◽  
Sustainable Economic Growth

The economic ethics is an abstract variable in economic system, and there is a correlation between the economic ethics and the sustainable economic growth. First of all, the existing researches are discussed from the macro perspective. On this basis, a set of economic ethics system is constructed. Afterwards, from the micro perspective, the necessary conditions for the growth of sustainable economics are obtained through the positive and negative benefit functions of the three dimensions of the government economic ethics, the enterprise economic ethics and the personal economic ethics under the condition of whether to abide by the law and whether to abide by ethics. Finally, the whole economic ethics system is analyzed and the conclusion is obtained that violating the economic ethics will hinder the sustainable growth of economy, while obeying the economic ethics will promote the sustainable growth of economy.

Evaluation of export diversification on sustainable growth in Kazakhstan

2021 ◽  
pp. 49-63
Author(s):  
Olzhas Shaizandaevich Adilkhanov ◽  
Orazaly Sabden
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
International Organizations ◽  
State Level ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Export Diversification ◽  
The Past ◽  
Export Policies ◽  
Sustainable Economic Growth

Over the last ten years developing countries have achieved very fast economic growth comparing to the former developed countries and gained the opportunity to vastly widen their export basket. Kazakhstan over the past years is trying to diversify its export as well by becoming a member of international organizations and supporting its exporters by implementing different programs on a state level. Thus, the need for the deep research of Kazakhstan's export opportunity has appeared. The main purpose of the article is to determine the effect of export's diversification on sustainable economic growth and evaluate the potential of the processing field on the example of regions of Kazakhstan. The research has given important results, that is, in 4 regions of Kazakhstan are great opportunities to increase the export of metallurgy, engineering and chemical industry. The results of the study will be useful tool in applying export policies of the regions.

Enhancing Human Capital Investment - Key to Unlock China's Economic Plight of Unbalanced Development

2011 ◽  
Vol 347-353 ◽  
pp. 2745-2748
Author(s):  
Yuan Zhang
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Investment ◽  
Human Capital Investment ◽  
Physical Capital ◽  
Investment Strategy ◽  
Capital Shortage ◽  
Investment Structure ◽  
Sustainable Economic Growth ◽  
The Relationship

In recent years, it is very important for China to maintain the strong and sustainable economic growth, and we believe enhancing human capital investment is the key. According to the statistics, China's current human capital investment has fallen into the low-level trap, which means that the economic growth heavily depends on labor-intensive and resource-driven investment, and the relationship between human and physical capital investment becomes imbalanced. In addition, the coexistence of human capital shortage and employment pressure, the mismatch between human capital investment structure and talent demand, and insufficient human capital investment caused by unfair income distribution are becoming more and more serious. We advise a re-examination of our human capital investment strategy as the main policy to solve the problems.

scholarly journals Ensuring sustainable growth based on the artificial intelligence analysis and forecast of in-demand skills

2020 ◽  
Vol 208 ◽  
pp. 03060
Author(s):  
Alena Vankevich ◽  
Iryna Kalinouskaya
Keyword(s):  
Artificial Intelligence ◽  
Economic Growth ◽  
Labor Market ◽  
Education System ◽  
The State ◽  
Sustainable Growth ◽  
Intelligence Analysis ◽  
Methods Of Analysis ◽  
Reliable Source ◽  
Sustainable Economic Growth

Sustainable economic growth requires a system for forecasting the in-demand skills and competencies. The existing methods of analysis and forecasting of the labor market use truncated databases based on surveys of employers or registered vacancies on the state portal, which do provide reliable forecasts of the required competencies for the education system to ensure their timely formation. It is also impossible to analyze the need in terms of competencies, and not the number of employees. Therefore, a more reliable source of data is the analysis of vacancies and resumes collected by scraping from online job portals, which allows you to analyze vacancies and resumes in the context of the described competencies, and develop a forecast of their dynamics. The article presents an algorithm for using artificial intelligence in the analysis and forecasting of skills and competencies in demand, the advantages of which lie not only in the volume and speed of the processed information, but also in ensuring the quality and comparability of data.

scholarly journals Creation of a financial mechanism for ensuring sustainable economic growth of business in the context of global challenges

2020 ◽  
Vol 208 ◽  
pp. 03010
Author(s):  
Gaukhar Kodasheva ◽  
Nadezda Piontkevich ◽  
Ekaterina Sheina
Keyword(s):  
Economic Growth ◽  
Sustainable Growth ◽  
Business Community ◽  
Global Business ◽  
Russian Economy ◽  
Business Entities ◽  
National Economies ◽  
Sustainable Economic Growth ◽  
Reproductive Processes ◽  
Financial Mechanism

The vector of development of the Russian economy, which is aimed at sustainable economic growth of business, was threatened by unforeseen circumstances - the new coronavirus pandemic, which turned out to be one of the most powerful global external challenges for all leading national economies and the global business community as a whole. To overcome and minimize the consequences of the pandemic in the form of protracted economic crisis, the fall of the Russian currency, slow reproductive processes, a sharp decline in incomes and rise in unemployment, the almost complete stop of activities of business entities and investment processes, it is necessary for a state to take responsibility to stabilize the economy and rapid sustainable growth through the development and prompt implementation of a comprehensive plan for effective emergency measures to support the business, based on the implementation of which the authors propose a financial mechanism for ensuring sustainable economic growth of business.

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