Economic globalization, entrepreneurship, and development

Siendou, Coulibaly; Cao, Erbao; Mekongcho, T. Metuge

doi:10.1016/j.techfore.2017.09.028

Cited by 144 publications

(110 citation statements)

References 49 publications

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“…To fight for an improvement of income distribution, understanding the determinants of income inequality is fundamental to form policy measures. However, they cannot be used as tools for reducing income equality, as they are essential for economic and social development and life quality improvement (Coulibaly, Erbao, & Metuge Mekongcho, 2018;Miah & Omar, 2012;Samimi & Jenatabadi, 2014). It is mainly because the modern technology substitutes for many jobs and tasks that traditionally performed by unskilled workers and globalization has also enabled vast salaries and profits to be shared among a narrow set of employees and shareholders of market winners.…”

Section: Introductionmentioning

confidence: 99%

“…It is mainly because the modern technology substitutes for many jobs and tasks that traditionally performed by unskilled workers and globalization has also enabled vast salaries and profits to be shared among a narrow set of employees and shareholders of market winners. However, they cannot be used as tools for reducing income equality, as they are essential for economic and social development and life quality improvement (Coulibaly, Erbao, & Metuge Mekongcho, 2018;Miah & Omar, 2012;Samimi & Jenatabadi, 2014). Meanwhile, financial development can be a flexible tool to fight for even income distribution, because access to financial services is critical for individuals' productivity and welfare (Claessens & Perotti, 2007).…”

Section: Introductionmentioning

confidence: 99%

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Does financial market growth improve income distribution? A comparison of developed and emerging market economies of the global sample

Paramati

Nguyen

2018

Int. J Fin Econ

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The objective of this research is to investigate the effects of stock market indicators, banking, and foreign direct investment inflows on income inequalities in developed and emerging market economies around the world. For this reason, the study utilizes annual data that range from 1981 to 2014 on the selected indicators. Given the nature of our variables, we employ panel autoregressive distributed lag models to explore the long‐run estimates of income inequalities. The long‐run estimates indicate that the stock market indicators have significant positive and negative impact on income inequalities in developed and emerging market economies, respectively. Further, our findings show that the banking credit adversely affects income inequalities both in developed and emerging economies. Our results also establish significant short‐run causalities among stock market indicators and income inequalities. Given these findings, we argue that the stock markets are playing an important role in reducing income inequalities in emerging economies whereas they contribute for higher inequalities in developed economies.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Does financial market growth improve income distribution? A comparison of developed and emerging market economies of the global sample

Paramati

Nguyen

2018

Int. J Fin Econ

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“…The continuous inter-connectedness and integration between cultures, countries, and regions through social and economic systems has consistently advanced the living standards of human societies in absolute and relative terms. Since the mid-19th century, religion, work ethic, migration possibilities, capital flows, free trade, and technological or mechanical development have significantly defined development and growth patterns from cultural, social, economic and technical viewpoints [1].…”

Section: Introductionmentioning

confidence: 99%

The Sustainable Development of the China Pakistan Economic Corridor: Synergy among Economic, Social, and Environmental Sustainability

Awais

Samin²,

Gulzar

et al. 2019

Sustainability

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This case study focuses on how economic, social and environmental factors synergize for sustainable development, and relates to fundamental speculations, looking to unclutter a query-encompassing view of the China Pakistan Economic Corridor (CPEC). This study is explanatory in nature, and identifies, recognizes, and discusses the social dispositions and fundamental sustainability dimensions related to sustainable development. Three fundamental sustainability dimensions—economic, social and environmental—are incorporated in connection with the CPEC to explore sustainable development. We submit an inclusive viewpoint of the CPEC, towards the sustainable development of economies, from neighborhoods to nations. This explanatory case reveals a momentous sprouting tie between China and Pakistan. For sustainable development in the global context, more meaningful paradigms are needed to be developed. Socio-economic diversity and strategic importance have highlighted a joint perspective and are emerging as novel ways of directing business enterprises to enter the Asian markets, thus contributing to the development and exploitation of operational economic opportunities, leading to competition for the global business market. This study integrates sustainability in connection with the scenario of the CPEC and provides a plethora of understanding.

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“…By the way, small nations grew at a faster rate than developed nations between 2002 and 2013; this is because the economic globalization and entrepreneurship contribute, day by day, to growth and development, and this impact shifts from efficiency-driven to innovation-driven development and mobility that, on the other hand, promotes the investment and the technological growth, increasing trade and multilateral alliances enhancing global competition [9].…”

Section: Introductionmentioning

confidence: 99%

Introductory Chapter: Entrepreneurship as a Trend and as a Challenge

Brito¹

2018

Entrepreneurship - Trends and Challenges

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Economic globalization, entrepreneurship, and development

Cited by 144 publications

References 49 publications

Does financial market growth improve income distribution? A comparison of developed and emerging market economies of the global sample

Does financial market growth improve income distribution? A comparison of developed and emerging market economies of the global sample

The Sustainable Development of the China Pakistan Economic Corridor: Synergy among Economic, Social, and Environmental Sustainability

Introductory Chapter: Entrepreneurship as a Trend and as a Challenge

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