Determinants of economic growth: A varying-coefficient path identification approach

He, Qiuqin; Xu, Bing

doi:10.1016/j.jbusres.2018.12.013

Cited by 9 publications

(6 citation statements)

References 21 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The growth of an economy indirectly affects working conditions, the sailing of enterprises and decision‐making. Maintaining steady growth enhances enterprises development even when enterprises do not have any direct control of factors that drive it (He & Xu, 2019). Providing answers to questions relating to the factors that add to growth dates back to the seminar works of Barro (1991) and Mankiw, Romer, and Weil (1992).…”

Section: Literature Reviewmentioning

confidence: 99%

The determinants and interrelationship of carbon emissions and economic growth in African economies: Fresh insights from static and dynamic models

Nathaniel

Barua

Hussain

et al. 2020

Journal of Public Affairs

View full text Add to dashboard Cite

This study explores the interrelationship between CO2 emissions and economic growth in selected Africa economies from 1990 to 2014 providing evidence from both static and dynamic models. Results show that increases in energy use have a significant and positive effect on economic growth; which goes to show that growth in Africa is actually energy dependent. Further findings suggest that CO2 emissions have no significant contemporaneous effect, however, a significant and negative effect at a one‐period lag on economic growth. The significance of the impacts is consistently confirmed by both the static and dynamic estimations. Also, trade adds to economic growth and also contributes to environmental deterioration in Africa. There is a dire need for Africa to adjust its energy portfolio by shifting to clean energy sources which will enhance sustainable economic growth without deteriorating the environment.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

The determinants and interrelationship of carbon emissions and economic growth in African economies: Fresh insights from static and dynamic models

Nathaniel

Barua

Hussain

et al. 2020

Journal of Public Affairs

View full text Add to dashboard Cite

show abstract

“…Pertumbuhan ekonomi dalam suatu negara dipengaruhi oleh banyak faktor. Faktor-faktor yang memengaruhi pertumbuhan ekonomi adalah variabel pertumbuhan (modal manusia, pendapatan awal, investasi, inovasi, serta pertumbuhan populasi), demografi (angka harapan hidup), kebijakan makro ekonomi, dan institusi (He & Xu, 2019). Faktor investasi, demografi, pendidikan, perdagangan, dan agama berpengaruh pada pertumbuhan ekonomi (Sarwer et al, 2013).…”

Section: Tinjauan Pustakaunclassified

Perbankan Syariah dan Pertumbuhan Ekonomi Indonesia: Bagaimana Kontribusinya?

Widyastuti

Arinta

2020

JAM

View full text Add to dashboard Cite

Islamic banking takes part in the Indonesian economic and financial system which contributes to the dynamics of eeconomic growth. The number of Islamic banks in Indonesia, through its market share, is still quite small, namely 5.95% in 2019 of the total national banking market share. One of the main activities of Islamic banking is channeling financing through financing based on the type of use and business category. This study aims to determine the short-term and long-term contribution of Islamic banking to Indonesia's economic growth using the Vector Error Correction Model (VECM) method. The data used in this study are quarterly secondary data of real Gross Domestic Product (GDP) and financing based on the use and category of Indonesian Islamic banking business types, which consist of working capital financing, investment financing and consumption financing. The results showed that in the short and long term, the variable consumption financing had a significant negative effect on Indonesia's economic growth.

show abstract

“…Common macroeconomic variables that plague the economic development of a country are the same variables that bog down middle-income countries in its tracks. Dissecting the factors that are effective in promoting economic growth and illustrating all potential growth determinants are extremely difficult (He and Xu, 2019). Due to the near impossibility of detailing every single potential growth determinant, only those variables that are well discussed in the empirical literature are illustrated.…”

Section: Literature Reviewmentioning

confidence: 99%

An empirical approach to understanding the lower-middle and upper-middle income traps

Kabir

Ahmed

2019

IJDI

View full text Add to dashboard Cite

Purpose The purpose of this paper is to investigate the factors that are significant in contributing to the per capita income growth of countries that are experiencing or have experienced the lower-middle and upper-middle income traps. Design/methodology/approach The study comprises 85 countries over the period 1960 to 2017 spanning across three income groups: lower-middle, upper-middle and high. A panel data structure was used to run a fixed effect and random effect estimation on three models of income groups. The Hausman specification test, which was used for further statistical fitness, confirmed the appropriateness of fixed effect over the random in explaining the estimation of factor variables. Findings The results show that unemployment is a pervasive problem that negatively affect countries at all income levels. Foreign direct investment and population of dependents are associated with economic progression of countries that have experienced or are experiencing the lower-middle income trap. Furthermore, rising income inequality and foreign aid assistance are detrimental to countries that have experienced or are experiencing the upper-middle income trap. Moreover, income inequality, disproportionate urban population and rising dependent population are damaging for high income countries that never experienced any of the middle-income traps. Conversely, openness to trade, inflation and exchange rate volatility had limited capacity in explaining growth dynamics. Research limitations/implications This study could not incorporate geopolitical, demographic, geographical and other such exogenous factors, which could have episodes of influences on the economic development of countries. These were outside the study's realm of quantitative analysis. Originality/value This paper contributes to existing literature by providing an empirical cross-sectional comparative analysis of countries belonging to different income groups. The prevailing literature lacks such a cross-tabulated presentation of factors affecting countries that avoided the middle income trap and those that could not.

show abstract

Determinants of economic growth: A varying-coefficient path identification approach

Cited by 9 publications

References 21 publications

The determinants and interrelationship of carbon emissions and economic growth in African economies: Fresh insights from static and dynamic models

The determinants and interrelationship of carbon emissions and economic growth in African economies: Fresh insights from static and dynamic models

Perbankan Syariah dan Pertumbuhan Ekonomi Indonesia: Bagaimana Kontribusinya?

An empirical approach to understanding the lower-middle and upper-middle income traps

Contact Info

Product

Resources

About