Identifying the factors affecting the economic growth of oil-producing countries

Erdem, Cumhur; Eroğlu, İlhan

doi:10.1504/ijtgm.2015.069421

Cited by 9 publications

(4 citation statements)

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“…The topic of development of international business is very popular in the modern scientific environment. The notion, essemce, and specifics of functioning of entrepreneurship in world markets are studied in a lot of works of modern scholars and expertse.g., (Bhanumurthy and Singh 2013;Bozkurt et al 2015;Teekasap 2014;Caporale and Spagnolo 2012;Gehringer 2014;Jahfer and Inoue 2014;Md. Al and Sohag 2015).…”

Section: Main Textmentioning

confidence: 99%

Sustainable development of global entrepreneurship: infrastructure and perspectives

2018

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Development of the modern global entrepreneurship is one of the most perspective and promising means of overcoming the consequences of the global economic crisis, as well as prevention of future crises of economic systems, as it ensures full level of optimization of production and distribution processes. The purpose of the article is to determine perspectives of sustainable development of the global entrepreneurship. For determining the level of sustainability of development of the modern global entrepreneurship, the authors use the methods of statistical analysis of time rows (method of horizontal and trend analysis). The authors perform a complex analysis of dynamics of development of global companies and performed evaluation of their sustainability. Also, the necessity for changing the model of managing the development of modern global entrepreneurship for increasing its sustainability is substantiated. As a result, it is concluded that modern global entrepreneurship is developing in the unstable way, and practical recommendations are offered for solving this problem. A perspective model of sustainable development of the modern global entrepreneurship is developed and presented. A certain limitation of the results of the performed research is the framework character of the offered recommendations.

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Section: Main Textmentioning

confidence: 99%

Sustainable development of global entrepreneurship: infrastructure and perspectives

2018

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“…Historically, many academic researches mostly mentioned on economic growth and especially tried to statistically investigate market behaviours in financial or tourism sectors around the world. For instances, Kraipornsak (2011), Marire and Sunde (2012), Tsaurai and Odhiambo (2013), Alberti et al (2014), Bozkurt et al (2015), Hor (2015), Sohag et al (2015), Konarasinghe (2016), and Pomsuwan and Soontayatron (2017). Differently, Bayesian statistics was applied to extend the ability of the unit root testing, PVAR model, and the Granger-causality analysis.…”

Section: Literature Reviewmentioning

confidence: 99%

Identification of the Connection between Tourism Demand and Economic Growth in ASEAN-3

Wannapan

Chaiboonsri

Sriboonchitta

2018

IJTGM

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This paper is based on the Bayesian inference to explore two purposes. First, the specific objective is proposed to consider an empirical analysis employing the panel Bayesian vector autoregressive (PBVAR) model. Secondly, the empirical study is aimed to analyse the driven factor between tourism demands and service sectors by adapting Granger-causality Bayesian test. Technically, the simulated computation called Markov chain Monte Carlo (MCMC) approach is employed to investigate the research's findings. Yearly time-series data of tourism growth (tourist arrivals) and economic growth (service sectors) in ASEAN-3 countries such as Singapore, Thailand, and Malaysia were observed during 1996-2015. The empirical results of this study will deeply clarify the linkage between tourism demands and economy in ASEAN-3 countries and give recommendations to more assure that a suitable tourism policy is appropriately activated.

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“…As is seen from Table III, SWOT analysis of the perspectives of overcoming the "underdevelopment whirlpools" in Asian countries allowed determining threats and possibilities. The most important advantages of Asian countries, which create obstacles for deepening of "underdevelopment whirlpools", are diversified structure of economy, developed service sphere, formation of "knowledge economy" and sustainability of socio-political situation and economic development (Bozkurt et al, 2015). Key problems of Asian countries, which are reasons for the emergence of "underdevelopment whirlpools", are low investment attractiveness of economy, importance of the role of religion in economic development and large dependence on export and foreign economic situation (Md Al and Sohag, 2015).…”

Section: Development Of Recommendations For Overcoming "Underdevelopment Whirlpools" and Asian Countries' Transition To New Quality Of Ecmentioning

confidence: 99%

Use of methodology of “underdevelopment whirlpools” with analysis of problems and perspectives of economic growth in Asian countries

Popkova

2017

JEEE

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Purpose This paper aims to solve the problem of reduction of disproportions of the global economy and overcoming the underrun of Asian countries from Europe. The author offers a hypothesis that the reason of such underrun is the existence of “underdevelopment whirlpools” in Asian countries. The purpose of this paper is to verify this hypothesis and to determine problems and perspectives of economic growth in Asian countries. Design/methodology/approach As tools for verification of this hypothesis, the author uses the methodology of analysis of “underdevelopment whirlpools”, aimed at the determination of problems and perspectives of economic growth in countries of Asia; methodology of strengths, weaknesses, opportunities, threats (SWOT) analysis for determination of key factors of economic growth in countries of Asia; instrumentarium of theory of games for the evaluation of effectiveness of the use of various strategies of economic development of Asian countries. Findings As a result of the research, the author proves the offered hypothesis and offers – as a solution to the problem of the existence of “underdevelopment whirlpools” in Asian countries – the use of new models of economic development in view of specifics of Asian countries, aimed at transition to new quality of economic growth. Research limitations/implications A certain limitation of the conducted research is primarily theoretical substantiation of the necessity for overcoming the “underdevelopment whirlpools” in Asian countries and framework character of the offered recommendations. Therefore, during further research in this sphere, it is expedient to focus the efforts on the development of the system of practical measures for achievement of this purpose. Practical implications Practical significance of the author’s conclusions and recommendations consists in the possibility for their use during the development of state economic policy in Asian countries in the interests of overcoming the “underdevelopment whirlpools” and transition to the new quality of economic growth. Originality/value At the time of preparation of this paper, the concept “underdevelopment whirlpool” is rather new, and application of methodology of their calculation by the example of Asian countries in the context of analysis of problems and perspectives of economic grows constitutes the basis for originality, scientific value and novelty of the performed research.

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Identifying the factors affecting the economic growth of oil-producing countries

Cited by 9 publications

References 0 publications

Sustainable development of global entrepreneurship: infrastructure and perspectives

Sustainable development of global entrepreneurship: infrastructure and perspectives

Identification of the Connection between Tourism Demand and Economic Growth in ASEAN-3

Use of methodology of “underdevelopment whirlpools” with analysis of problems and perspectives of economic growth in Asian countries

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