scholarly journals Vocational Tendencies of Young Generation in the Development of Perception: A Survey Analysis on Entrepreneurship Profiles of Erzincan University Stud

2017 ◽  
Author(s):  
Aslı Cansın Doker ◽  
Sevgi Elverdi ◽  
Mine Gerni ◽  
Ömer Selçuk Emsen
Keyword(s):  
Economic Growth ◽  
Production Factor ◽  
Pareto Optimum ◽  
Young Generation ◽  
Survey Analysis ◽  
Future Production ◽  
The Future ◽  
Innovative Thinking ◽  
Main Determinants ◽  
Determinants Of Economic Growth

Entrepreneurship, which is one of the most important elements of the production-supply dimension of the economy, is also the main determinants of economic growth, including economic growth in the context of positive externalities emerging from the information age. It is clear that the development is linked to industrialization, which is related to spirit of innovative thinking. Therefore, undeveloped must be considered in concert with the lack of innovative thinking. According to Schumpeter, who defines entrepreneurship in such an understanding as "the replacement of the present and the future of Pareto Optimum with tomorrow's new and different things," this factor also encompasses innovation. Therefore, factors such as the characteristics of the entrepreneur, the risk perception profile and the socio-economic, socio-cultural and demographic structure of the population in which it is located can have significant effects on the development and development of entrepreneurship. In this study, it is aimed to investigate what factors are more effective on the perception of entrepreneurship by using the statistical methods on Erzincan University Students, taking into consideration that today's students will be the future production factor (labor or enterprise). Another important goal of the paper is to determine whether the entrepreneurship factor, which has a significant role in the development of the country and especially in urban development, is based on scientific or traditional elements. It can be considered that the existence and sustainability of the enterprise spirit will be tested with the awareness of the opportunities and opportunities for incentives to act rationally.

scholarly journals The Determinants of Economic Growth in CEMAC through a Panel Data Approach

2016 ◽  
Vol 4 (2) ◽  
pp. 483
Author(s):  
Nzingoula Gildas Crepin
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Fixed Effects ◽  
Good Governance ◽  
Generalized Method Of Moments ◽  
Central Africa ◽  
Ordinary Least Squares ◽  
Fixed Effects Model ◽  
Main Determinants ◽  
Determinants Of Economic Growth

<div><p><em>This article highlights through a panel data approach the determinants of economic growth; observed over the last decade in the Economic and Monetary Community of Central Africa (CEMAC) and necessary to reach emerging economies stage. To do this, we essentially used Stata 12 software to come up with the results, and a panel data sample comprising six CEMAC member states, namely Congo, Cameroon, Gabon, Equatorial Guinea, Central African Republic and Chad, for the period ranging from 2000 to 2013. The results obtained after estimating ordinary least squares, fixed effects model, random effects model, generalized method of moments (GMM) and specification tests show that the best model to estimate these types of data is the fixed effects model. Besides, the main determinants of economic growth in CEMAC over that period are Foreign Direct Investment (FDI) and loans lending to the economy (LOAN). After estimation, FDI is found positive and significant on economic growth, while LOAN is significant and found negative maybe due to lack of good governance.</em></p></div>

scholarly journals Factors of Economic Growth in the Regions of the North-West Federal District of Russia

2015 ◽  
Vol 3 ◽  
pp. 42
Author(s):  
М. А. Nikolayev ◽  
Yu.М. Makhotaeva
Keyword(s):  
Economic Growth ◽  
Regional Economy ◽  
Federal District ◽  
North West ◽  
The North ◽  
Steady Growth ◽  
Main Determinants ◽  
Investment Process ◽  
Determinants Of Economic Growth ◽  
The Growth Of Economy

The purpose of this paper is to identify the factors determining the growth of the regional economy. The research of the influence of the main determinants of economic growth has been executed in the paper: labor force, investments into fixed capital, R &amp; D expenditure on the index of regions’ economy growth. The analysis shows that all these factors made an essential impact on the rates of increase of economy of regions in 2000-2008. Estimating the prospects of the growth of economy of regions in strategic prospect (till 2020) it is necessary to notice that possibilities of the growth at the expense of extensive factors are almost set. In these conditions a steady growth of regional economy is possible only at the expense of an intensification of investment process and strengthening of its innovative component.

scholarly journals The Impact of FDI on Economic Growth in Case of Romania

2020 ◽  
Vol 12 (12) ◽  
pp. 81
Author(s):  
Alina Mihaela Ciobanu
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Labor Force ◽  
Direct Investment ◽  
Trade Openness ◽  
Causality Test ◽  
Long Run ◽  
Main Determinants ◽  
The Impact ◽  
Determinants Of Economic Growth

Foreign direct investment flows had increased worldwide over the last decades and many specialists think that there is a strong correlation among trade, FDI, labor force, and economic growth in the receiving countries. Based on available statistical data, we will examine the effects of FDI on GDP growth and the causality relations between GDP, trade openness, labor force, and FDI in case of Romania for the last decades. The ARDL bound testing approach is used to study the existence of a long-run relationship between FDI, trade, labor, and economic growth. Then the error-correction based Granger causality test is used to test the direction of causality between the variables. The results revealed that there is cointegration among the variables when real GDP and foreign direct investment are the dependent variables. Foreign direct investment, trade openness, and labor force are the main determinants of economic growth in the long run in Romania. In addition, the increase of gross domestic product, exports, imports and labor force promote foreign direct investment in the long run.

scholarly journals The Effect of Varieties of Capitalism on the Relationship of Institutional Gearing and Economic Growth

2020 ◽  
Vol 31 (3) ◽  
pp. 262-269 ◽  
Author(s):  
Marisol Borges ◽  
Edgar Juan Saucedo-Acosta ◽  
Jesús Diaz-Pedroza
Keyword(s):  
Economic Growth ◽  
Fixed Effects ◽  
Varieties Of Capitalism ◽  
Market Economies ◽  
Coordinated Market Economies ◽  
Liberal Market Economies ◽  
Main Determinants ◽  
Relationship Of ◽  
Determinants Of Economic Growth ◽  
The Relationship

The ways the firm solves coordination problems with the different stakeholders (or the varieties of capitalism of nations) affect economic performance. Institutional gearing is one of the main determinants of economic growth. Nevertheless, there are no studies that analyse the effect of varieties of capitalism on the relationship of institutional gearing and economic growth. The objective of the paper is to estimate the effect of the variety of capitalism on the relationship between the institutional gearing index and other macroeconomic control variables on the GDP per capita in a group of developed and developing countries. To do that 3 panel data models were estimated: one with fixed effects and two with random effects, for 31 countries for the period 2011-2015. We used 16 Coordinated Market Economies and Liberal Market Economies and 15 Hierarchical Market Economies. The results showed the varieties of capitalism affect the relationship between institutional gearing and economic growth. In the Coordinated Market Economies and Liberal Market Economies this effect is higher than in Hierarchical Market Economies. Governments of Hierarchical Market Economies should not only apply public policies to build functional institutions, but also encourage the positive complementarities among them.

scholarly journals AN EMPIRICAL ANALYSIS OF DETERMINANTS OF ECONOMIC GROWTH OF REPUBLIC OF NORTH MACEDONIA

2019 ◽  
Vol 31 (1) ◽  
pp. 49-53
Author(s):  
Luljeta Sadiku ◽  
Murat Sadiku ◽  
Violeta Madzova
Keyword(s):  
Economic Growth ◽  
Correction Method ◽  
Vector Error Correction ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Standards Of Living ◽  
Integration Test ◽  
Main Determinants ◽  
Sustainable Economic Growth ◽  
Determinants Of Economic Growth

Every country’s aim is to reach prosperous, innovative, competitive and dynamic knowledge- based economy with sustainable economic growth capable for providing higher standards of living to its population. The rise of GDP in real terms entails enlargement of economic resources that not only meets the current economic needs but also affords a better future for next generations. In fact, a key determinant of economic growth is investment, both in physical and human capital, having influence on the improvement of competitiveness, employment and productivity, which in turn contribute to GDP growth. However, during the last decade North Macedonia features with a remarkable upsurge of concern about sustainability of economic growth. Thus, the main goal of this paper is to empirically analyze the main determinants that promote the economic growth of the country. For that purpose quarterly data are utilized for the time period 1999Q1-2017Q4. The research method consists to the time series econometric techniques, using Vector Error Correction Method (VECM) and Johansen co-integration test for investigating both short term and long term determinants.

scholarly journals An Empirical Analysis of the Determinants of Economic Growth in the Western Balkans

2017 ◽  
Vol 64 (2) ◽  
pp. 245-254 ◽  
Author(s):  
Besnik Taip Fetai ◽  
Besime Fekri Mustafi ◽  
Ariana Besnik Fetai
Keyword(s):  
Economic Growth ◽  
Negative Relationship ◽  
State Level ◽  
Foreign Direct Investments ◽  
Western Balkans ◽  
Conditional Convergence ◽  
Domestic Credit ◽  
Per Capita ◽  
Main Determinants ◽  
Determinants Of Economic Growth

Abstract The objective of this paper is to assess the main determinants and the policies that affect economic growth in the Western Balkan over the period 1994 to 2015. It employs techniques such as pooled OLS, fixed and random effects model, and Hausman-Taylor model with instrumental variables (IV). The study shows evidence of conditional convergence, indicating the need for an upward move in the steady state level. The results show that foreign direct investments, gross savings and domestic credit to the private sector have a positive effect on per capita growth. On the other hand, initial level of per capita growth, corruption, unemployment, and general government final consumption, have a negative relationship with per capita growth. The study also shows a puzzling result, that schooling is not a significant factor for growth in Western Balkans. The study also highlights the relevance of attracting more foreign direct investments and reduction in corruption.

scholarly journals Analysis and Forecasting the Agriculture Production Sector in Rwanda

2020 ◽  
Vol 12 (8) ◽  
pp. 91 ◽  
Author(s):  
Jean Niyigaba ◽  
Daiyan Peng
Keyword(s):  
Economic Growth ◽  
Prediction Models ◽  
Optimal Parameter ◽  
Young Generation ◽  
Growth Sector ◽  
Production Forecast ◽  
Production Sector ◽  
Future Production ◽  
Economic Contribution ◽  
The Government

Agriculture production is a crucial economic growth sector, especially for developing countries like Rwanda. Resulted from investments boosting in several areas, Rwanda experienced stable economic growth, where agriculture provides a vital contribution and significant Policies adopted for agriculture improvement. However, the sector&#39;s future development still unclear as it is manifesting decrement shares over the years in the county&#39;s economy and workforce. No research has yet projected the sector&#39;s future production to explain the sector&#39;s trend, allowing the government and partners to formulate strategies accordingly. This paper analyzes the sector&#39;s economic contribution over several years and forecasts its future. The useful combined grey model predicts the sector&#39;s production where a nonlinear grey Bernoulli model (NGBM) with an added optimal parameter (NGBM-OP) is used for the prediction after comparison to others. Outcomes in the sample size from 1960 to 2017, confirm the NGBM-OP as the reliable compared with other prediction models then becomes the best for forecast up to 2030. The obtained sector&#39;s production forecast, results pointed out the sector&#39;s slow production increment in the future. Suggest its improvement based on investment attractions, especially the young generation through financial facilitation, farmer&#39;s training, and opportunity awareness.

scholarly journals The Determinants of Economic Growth of Regions in the Newest Economic Theories

2020 ◽  
Vol 10 (513) ◽  
pp. 118-127
Author(s):  
I. Z. Storonyanska ◽  
◽  
L. Y. Benovska ◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Complete Solution ◽  
Competitive Advantages ◽  
Internal Factors ◽  
Innovation Development ◽  
Economic Theories ◽  
Main Determinants ◽  
Determinants Of Economic Growth ◽  
Educational Component

None of the existing theories of economic growth of regions has by now offered any opportunity for a complete solution to the problems. New realities of our time require new scientific approaches to substantiating the economic growth of regions, searching for determinants, leverages, principles. The article is aimed at theoretical-methodological substantiation for the economic growth of regions in modern conditions, defining the main determinants and principles of growth. Based on the analysis of the newest theories of economic growth of regions, it is stated that the main determinants of economic growth of regions in today’s conditions are a person with its human capital; the innovations that provide a breakthrough; informatization of all social and economic processes of society. A change in the emphasis of human capital has been made: if in the past attention has been focused on its educational component, then in modern conditions, knowledge, talent, creativity come to the fore. The emphasis in innovation development is the need for symbiosis of innovations and competitive advantages of territories. The peculiarity of the development of regions in modern conditions is their orientation to internal factors and the mechanisms of economic development, because economic growth is generated within the system. There was also a shift of emphasis from a stable development of regions to inclusive, which, in addition to the ecological component, takes into account the need to involve all members of society into solving problems of all territories. The determinants, goals, principles and levers of economic growth of regions are allocated in terms of the newest economic theories.

Economic Growth and Macro Variables in India: An Empirical Study

2015 ◽  
pp. 42-59
Author(s):  
Saba Ismail ◽  
Shahid Ahmed
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Trade Openness ◽  
Capital Formation ◽  
Gdp Growth ◽  
Fdi Inflows ◽  
Domestic Capital ◽  
The Government ◽  
Macro Variables ◽  
Determinants Of Economic Growth

The research objective of this paper is to explore the empirical linkages between economic growth and foreign direct investment (FDI), gross fixed capital formation (GFCF) and trade openness in India (TOP) over the period 1980 to 2013. The study reveals a positive relationship between economic growth and FDI, GFCF and TOP. This study establishes a strong unidirectional causal flow from changes in FDI, trade openness and capital formation to the economic growth rates of India. The impulse response function traces the positive influence of these macro variables on the GDP growth rates of India. The study also reveals that the volatility of GDP growth rates in India is mainly attributed to the variation in the level of GFCF and FDI. The study concludes that the FDI inflows and the size of capital formation are the main determinants of economic growth. In view of this, it is expected that the government of India should provide more policy focus on promoting FDI inflows and domestic capital formations to increase its economic growth in the long-term.

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