An Empirical Study on the Nexus of Poverty, GDP Growth, Dependency Ratio and Employment in Developing Countries

Vijayakumar, S.

doi:10.7441/joc.2013.02.05

Cited by 38 publications

(19 citation statements)

References 16 publications

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“…Data clearly shows that more than 1.3 billion people earn less than US $1 per day, people in these countries have been afflicted by poverty and hunger over long periods (Sinnathurai, 2013). He clearly scrutinizes the nexus among poverty, economic growth, employment, and dependency ratio in Asia, Africa, and Latin America and found that poverty, poor and unstable growth of GDP, unemployment, and high age dependency ratio are common issues in the most of the people of developing countries have been afflicted by poverty and hunger over the long period.…”

Section: Literature Review With Descriptive Analysis and Cross Countrmentioning

confidence: 99%

The Contribution of Education to Economic Growth: Evidence From Nepal

Dahal¹

2016

IJoES

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Section: Literature Review With Descriptive Analysis and Cross Countrmentioning

confidence: 99%

The Contribution of Education to Economic Growth: Evidence From Nepal

Dahal¹

2016

IJoES

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“…Nowadays, demographic processes taking place in many developed economies undermine the accuracy of the above assumptions. The studies where alternative assumptions about the paths of employment growth are considered include the works: Guerrini [10] [12], Biancia, Guerrini [4], Sinnathurai [22], Sika, Vidová [24] or Dykas, Misiak, Mentel [7].…”

Section: Review Of the Literaturementioning

confidence: 99%

“…means the rate of capital loss per unit of effective work. The differential equation (11) is equivalent to the Solow movement equation [22] in the economic growth model discussed here.…”

Section: Modelmentioning

confidence: 99%

An Impact of the Variable Technological Progress Rate on the Trajectory of Labor Productivity

Bolińska¹,

Dykas²,

Mentel³

et al. 2020

ACTA POLYTECH HUNG

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The goal of this paper is to develop the neo-classical Solow growth model, in which, the authors repeal an assumption of a constant rate of growth of technological progress. Herein, the authors assume an alternative trajectory of an increase in scientific and technical knowledge A(t), and on that basis, they accept the following assumptions. First, the rate of growth of technological progress is not constant, but changes over time. Second, the path of the growth of the scientific and technological knowledge tends toward a certain level in the long term, which can be equated with the equivalent of the technological boundary. Such a modification of the assumptions regarding the technological progress rates, allows leading growth paths for both capital and product per unit of effective labor. Next, based on the solution of the presented growth model, the authors calibrated the parameters and carried out numerical simulations. Numerical simulations, conducted for the Polish economy in a 100-year horizon, allowed an inclusion of scenarios regarding both the rate of technological progress and investment rates. In the simulations, two variants of the annualized rates of technological progress were adopted (optimistic, g=1.7% and realistic, g=1.5%). The adopted levels of technological progress rates were used to determine the horizontal asymptote for the scientific and technological knowledge A(t) that will be shaped in accordance with geometric progress. In the considered variants the following investment rates were adopted: 15, 20 and 25%. This allowed determining the trajectories of labor productivity growth in the Polish economy taking into account different combinations of changes in the rates of technological progress and investment rates. M. Bolińska et al. An Impact of the Variable Technological Progress Rate on Trajectory of Labor Productivity -8 -

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“…Sinnathurai (2013), in his study, found that a country with low labor productivity per capita will have low economic growth, high unemployment, and a high poverty rate. In Asia, Africa, and Latin America, over 1.3 billion people earn less than 1 USD per day, and citizens from these continents suffer from malnutrition (Vijayakumar, 2013). The high dependency ratio in a family leads to low productivity of the labor force in that economy, thus proving the negative relationship between poverty and economic growth.…”

Section: Business and Economic Researchmentioning

confidence: 99%

A Literature Review of Human Capital and Economic Growth

Osiobe

2019

BER

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This work aims to examine the relationship between human capital and economic growth. The study analyzes datasets from previous works, reviews previous literature, and draws some conclusions on human capital and economic growth. The paper summarizes articles on human capital in terms of (i) the theoretical framework of economic growth theory, (ii) the neo-classical growth model, (iii) the Solow growth production-function, (iv) the new endogenous theory, and (v) empirical evidence on the relationship and causal link between human capital and economic growth. Assessing the literature on human capital and economic growth will serve as a comprehensive literature guide to policy formulation and implementation in the short-run and long-run of creating developmental goals for any region.

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An Empirical Study on the Nexus of Poverty, GDP Growth, Dependency Ratio and Employment in Developing Countries

Cited by 38 publications

References 16 publications

The Contribution of Education to Economic Growth: Evidence From Nepal

The Contribution of Education to Economic Growth: Evidence From Nepal

An Impact of the Variable Technological Progress Rate on the Trajectory of Labor Productivity

A Literature Review of Human Capital and Economic Growth

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