A PANEL ASSESSMENT OF REAL COVERGENCE IN CEMAC

2006 ◽  
Vol 4 (1) ◽  
Author(s):  
Daniel Gbetnkom
Keyword(s):  
Human Capital ◽  
Regional Integration ◽  
Gdp Per Capita ◽  
Convergence Hypothesis ◽  
Income Levels ◽  
Underdeveloped Countries ◽  
Policy Choices ◽  
Convergence Club ◽  
Per Capita ◽  
Rich Countries

Some authors support that regionalism among underdeveloped countries will tend to cause divergence of their income levels, and regional integration among rich countries will tend to cause convergence. This paper tests this convergence hypothesis in CEMAC between 1990-2002. Our findings lend support to the “convergence club” defined according to policy choices rather than initial levels of human capital. They show that unilateral and preferential suppression of tariff and non-tariff barriers favor the convergence of per capita incomes and reduce the dispersion of real per capita income levels of partners in the sub-region. These results make the idea of convergence club based on the initial levels of productive technology and GDP per capita relative.

The Reproduction Vector of the Russian Economy: 1999-2007

2008 ◽  
pp. 94-109 ◽  
Author(s):  
D. Sorokin
Keyword(s):  
Economic Policy ◽  
Human Capital ◽  
Growth Rates ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Real Sector ◽  
Russian Economy ◽  
Per Capita ◽  
The Developed Countries

The problem of the Russian economy’s growth rates is considered in the article in the context of Russia’s backwardness regarding GDP per capita in comparison with the developed countries. The author stresses the urgency of modernization of the real sector of the economy and the recovery of the country’s human capital. For reaching these goals short- or mid-term programs are not sufficient. Economic policy needs a long-term (15-20 years) strategy, otherwise Russia will be condemned to economic inertia and multiplying structural disproportions.

scholarly journals Examining GDP Growth and Its Volatility: An Episodic Approach

Entropy ◽  
2021 ◽  
Vol 23 (7) ◽  
pp. 890
Author(s):  
Jakub Bartak ◽  
Łukasz Jabłoński ◽  
Agnieszka Jastrzębska
Keyword(s):  
Economic Growth ◽  
Genetic Algorithm ◽  
Time Series ◽  
Human Capital ◽  
Growth Rates ◽  
Structural Breaks ◽  
Negative Relationship ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
Per Capita

In this paper, we study economic growth and its volatility from an episodic perspective. We first demonstrate the ability of the genetic algorithm to detect shifts in the volatility and levels of a given time series. Having shown that it works well, we then use it to detect structural breaks that segment the GDP per capita time series into episodes characterized by different means and volatility of growth rates. We further investigate whether a volatile economy is likely to grow more slowly and analyze the determinants of high/low growth with high/low volatility patterns. The main results indicate a negative relationship between volatility and growth. Moreover, the results suggest that international trade simultaneously promotes growth and increases volatility, human capital promotes growth and stability, and financial development reduces volatility and negatively correlates with growth.

HUMAN RESOURCES DEVELOPMENT OF REPUBLIC OF CROATIA AND PRIMORSKOGORANSKA COUNTY AND THEIR INFLUENCE ON ECONOMIC GROWTH∗

2009 ◽  
Vol 15 (1) ◽  
pp. 13-24
Author(s):  
Nada Karaman Aksentijevic ◽  
Zoran Jezic
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Resources ◽  
Gdp Per Capita ◽  
Human Resources Development ◽  
Regression Analyses ◽  
Theoretical Part ◽  
Educational Structures ◽  
Indirect Indicator ◽  
Per Capita

In the theoretical part of research authors will establish connections and diversities between human capital and human resources categories. In the empirical part of research, via HDI, it will be evaluated the development of human resources in Republic Of Croatia and in Primorsko-goranska County and in will be evaluated relation between HDI and GDP per capita of Croatia and in Primorsko-goranska County. Authors will also analyze how much development of human resources has contributed to the economic growth of Republic Of Croatia. In order to demonstrate this it will be measured influence of investment, employment and educational structures (the indirect indicator of development of human resources) on the growth of GDP in the period of 1997-2005 with usage of regression analyses.

Influence of New Technologies and Human Capital on theContribution of New Ways to Economy of Regions of Central Federal District

2017 ◽  
Vol 5 (4) ◽  
pp. 16-20 ◽  
Author(s):  
Леонид Басовский ◽  
Leonid Basovskiy ◽  
Елена Басовская ◽  
Elena Basovskaya
Keyword(s):  
Higher Education ◽  
Human Capital ◽  
New Technologies ◽  
Federal District ◽  
Gdp Per Capita ◽  
Labor Ratio ◽  
Capital Labor Ratio ◽  
Fixed Assets ◽  
Per Capita ◽  
A Share

The updated econometric estimates of the influence of new technologies and human capital on the contribution of new technological structures to the per capita GDP in the regions of the Central and North-Western federal districts of Russia are obtained. The article estimates coefficients of elasticity of the contribution of new ways to GDP per capita by the use of the new technologies estimated by capital-labor ratio of work by new fixed assets and by the use of the human capital estimated by a share of busy workers with the higher education. In case of big sizes of coefficients of elasticity of the contribution of new ways to GDP per capita on the use of the new technologies estimated by capital-labor ratio of labor by new fixed assets it is reasonable to increase the investments into fixed assets of the region. In case of big sizes of coefficients of elasticity of the contribution of new ways to GDP per capita on the use of the human capital estimated by a share of busy workers with the higher education it is reasonable to increase, first of all, a share of workers with the highest education.

scholarly journals Transitional dynamics of the saving rate and economic growth

2021 ◽  
pp. 1-24
Author(s):  
Markus Brueckner ◽  
Tomoo Kikuchi ◽  
George Vachadze
Keyword(s):  
Growth Rate ◽  
Time Series Data ◽  
Income Elasticity ◽  
Gdp Per Capita ◽  
Series Data ◽  
Supporting Evidence ◽  
Saving Rate ◽  
Poor Countries ◽  
Per Capita ◽  
Rich Countries

Abstract We estimate the relationship between GDP per capita growth and the growth rate of the national saving rate using a panel of 130 countries over the period 1960–2017. We find that GDP per capita growth increases (decreases) the growth rate of the national saving rate in poor countries (rich countries), and a higher credit-to-GDP ratio decreases the national saving rate as well as the income elasticity of the national saving rate. We develop a model with a credit constraint to explain the growth-saving relationship by the saving behavior of entrepreneurs at both the intensive and extensive margins. We further present supporting evidence for our theoretical findings by utilizing cross-country time series data of the number of new businesses registered and the corporate saving rate.

Tourism-Led Growth Hypothesis and Foreign Direct Investment in ASEAN

2020 ◽  
pp. 359-384
Author(s):  
Praopan Pratoomchat
Keyword(s):  
Human Capital ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Trade Openness ◽  
Gdp Per Capita ◽  
Tourism Sector ◽  
Per Capita ◽  
Asean Countries ◽  
Asean Economic Community ◽  
Growth Hypothesis

This study tests the relationships of visitor spending, foreign direct investment in the tourism sector, and the gross domestic product (GDP) per capita among members of the Association of Southeast Asian Nations (ASEAN) during the period of 1988 to 2011 to prove the tourism-led growth hypothesis. The results of panel regression show that tourism-led growth hypothesis is valid for the ASEAN countries. Factors determining the GDP per capita in these countries are visitor spending, foreign investment and government consumption in tourism sector, human capital and trade openness. The results from this study suggest that the governments of the ASEAN countries are able to have effective growth policies by encouraging foreign direct investment in the tourism sector and improving their human capital. Therefore, ASEAN Economic Community (AEC) which will strengthen and facilitate investment cooperation and human capital developments in the tourism sector among ASEAN countries will have a significant benefit to economic growth in the region.

scholarly journals Human Capital in Agriculture Sector in Indonesia

SPLASH Magz ◽  
2021 ◽  
Vol 1 (2) ◽  
pp. 86-92
Author(s):  
Benjamin Drean ◽  
◽  
Eny Lestari Widarni ◽  
Keyword(s):  
Human Capital ◽  
Agricultural Sector ◽  
Secondary Data ◽  
Work Participation ◽  
Gdp Per Capita ◽  
Agriculture Sector ◽  
Education And Health ◽  
The People ◽  
Per Capita

This study aims to examine the role of education and health in increasing work participation and income of the people in Indonesia. To achieve this goal, data on GDP per capita, Employment in Agriculture, Health, and education are observed. This study uses the Quantitative Threshold Autoregressive method which is used to predict the behavior of the data so that the relationship behavior between the data can be seen. In analyzing the threshold variable, the GDP per capita variant is used as an indicator of people's income growth, Employment in agriculture as work participation in the agricultural sector, health as an indicator of health investment, and education as an indicator of educational investment. GDP per capita, Employment in agriculture, and health as the threshold variable. Meanwhile, the non-threshold variable is education. All data are secondary data from world banks with an annual period of 2000 - 2019. We found that education and health are two things that form the basis of human capital. The role of education and health in Indonesia in developing agriculture and improving the welfare of the people in Indonesia plays an important role and is able to make a significant contribution to the development of the agricultural sector and the welfare of the people in Indonesia.

scholarly journals Globalization of World Economy: Trends and Contradictions

2021 ◽  
Vol 65 (4) ◽  
pp. 5-13
Author(s):  
G. Feigin
Keyword(s):  
Low Income ◽  
Regional Integration ◽  
World Economy ◽  
Gdp Per Capita ◽  
Social Differences ◽  
Middle Income ◽  
Fdi Inflows ◽  
Global Migration ◽  
The World ◽  
Per Capita

Received 01.11.2020. The interpretation of the term “globalization” and differences to other terms characterizing the development of the world economy (internalization of the world economy, internal division of labor, regional integration) is given. The main signs of globalization (dynamic of trade volumes, FDI inflows, portfolio investments and international credits; internalization of technical progress; digitalization of economy; development of regional economic integration, global migration; TNC activities; transformation processes in the former socialistic countries) are summarized. The focus is on differences between long trends (since 1970) and actual development after the crisis (since 2010). The legitimacy of introduction of the term “deglobalization” is discussed. The modern model of the globalization (global capitalism) is analyzed. Based on some characteristics of this model (global competition, market fluctuations, unbalanced trade flows, social differences, fragility of the global governance), the critical arguments are considered and opportunities of transition to the new model of globalization in the next future are estimated. The relation of catch-up development and polarization in the era of the globalization is analyzed. The dynamics of GDP development of countries in 1972–2018 are summarized. The focus is on the relation between GDP per capita for countries with high income and countries with both law and middle income. The influences of global activities of countries on the level of GDP per capita are highlighted. The empirical basics are data of KOF-Index. The sample includes countries with both middle and low income which held positions in the ranking in KOF-Index from 27 till 182. The positive interdependence between (based on the KOF-Index) and level of GDP is identified. The conclusion about the potential future of the globalization is given.

scholarly journals Regional dynamics of economic performance in the EU: To what extent do spatial spillovers matter?

REGION ◽  
2018 ◽  
Vol 5 (3) ◽  
pp. 75-96 ◽  
Author(s):  
Selin Ozyurt ◽  
Stéphane Dees
Keyword(s):  
Human Capital ◽  
Economic Performance ◽  
Social Economic ◽  
Positive Impact ◽  
Gdp Per Capita ◽  
Spatial Spillovers ◽  
Regional Dynamics ◽  
Per Capita ◽  
Main Determinants ◽  
The Eu

This paper investigates the main determinants of economic perfor-mance in the EU from a regional perspective, covering 253 regions overthe period 2001-2008. In addition to the traditional determinants of eco-nomic performance, measured by GDP per capita, the analysis accountsfor spatial e¤ects related to externalities from neighbouring regions. Thespatial Durbin random-e¤ect panel speci…cation captures spatial feedbacke¤ects from the neighbours through spatially lagged dependent and inde-pendent variables. Social-economic environment and traditional determi-nants of GDP per capita (distance from innovation frontier, physical andhuman capital and innovation) are found to be signi…cant. Overall, our…ndings con…rm the signi…cance of spatial spillovers, as business invest-ment and human capital of neighbouring regions have a positive impact–both direct and indirect –on economic performance of a given region.

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