Identifying Threshold Level of Urbanization for Economic Growth in Developing and Developed Asian Economies
Asjad Wajid,
Salita Salita
Abstract:This study scrutinized the relationship between urbanization and economic growth in 11 developed and 23 underdeveloped Asian countries from 1998 to 2021. The study formulated dynamic and static models and employed the Fixed Effect Model and Dynamic GMM for estimation. The results of both static and dynamic models illustrated that urbanization augments growth in developed and developing countries, however, the nature of this relationship is non-linear. The study calculated the threshold level of urbanization an… Show more
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