The determinants of economic growth of transition economies: Economic reform versus initial conditions

Lee, Young‐Sun; Jeong, Hyung-Gon

doi:10.1080/10168730600699572

Cited by 10 publications

(4 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This puts into evidence the importance of initial conditions for inclusive development. Initial conditions are, however, a necessary and not a sufficient condition for economic development (Lee & Jeong, 2006).…”

Section: Presentation and Discussion Of Resultsmentioning

confidence: 99%

Linear and non‐linear effects of infrastructures on inclusive human development in Africa

Nchofoung

Asongu

Kengdo

et al. 2022

African Development Review

View full text Add to dashboard Cite

The objectives of this paper are to verify the linear and the non-linear effects of infrastructural development on inclusive human development in Africa. The results of the system GMM estimations show a positive effect of infrastructural development on inclusive development across all the infrastructural development indexes employed, except the ICT infrastructural composite index which presents an insignificant negative effect. Besides, a non-linear effect of infrastructures on inclusive development was established across all the infrastructure indicators except for the ICT indicator. Negative thresholds for complementary policies are established for the African Infrastructure Development Index (AIDI) and the transport index while positive thresholds are apparent for the electricity index and the water and sanitation infrastructure index (WSS). Accordingly, in order to sustain the positive incidence of the AIDI and transport index on human development, complementary policies should be engaged to avoid an overall negative effect on human development when the indexes are respectively, 31.12% and 25.56%. In the same vein, the electricity index and WSSI should exceed critical levels of respectively 49.79% and 41.92%, to engender an overall positive effect on inclusive human development.

show abstract

Section: Presentation and Discussion Of Resultsmentioning

confidence: 99%

Linear and non‐linear effects of infrastructures on inclusive human development in Africa

Nchofoung

Asongu

Kengdo

et al. 2022

African Development Review

View full text Add to dashboard Cite

show abstract

“…As a result, the effects and results of restructuring on economic growth are dissimilar. For example, while the economies on Czech Republic, Hungary and Poland have achieved remarked success, it seems no improvement in Commonwealth of Independent States (CIS) and other Eastern European countries (Lee & Jeong, 2006). In spite of that, the structural reform is confirmed to have initial contributions to stimulate the economic growth in transition countries (Tabaghua, 2018).…”

Section: Economic Growth In Transition Countriesmentioning

confidence: 99%

Rule of Law, Economic Growth and Shadow Economy in Transition Countries

Luong¹,

Nguyen²,

Nguyen³

2020

JAFEB

View full text Add to dashboard Cite

The paper aims to investigate the interactions between rule of law, economic growth and the shadow economy in 18 selected transition economies. This study uses annual data over the period 2002-2015 for 18 transition countries to estimate the effects of rule of law and other factors on the size of shadow economy. The transition country group is classified based on International Monetary Fund resources and is selected on the basis of the availability of data. The data examined in this research are derived from the World Bank, Worldwide Governance Indicators project and Working Paper from International Monetary Fund. This study employs GMM method. The results show that the economic growth indicators have negative and statistically significant impact on the shadow economy. Additionally, these results also reveal that in transition countries the size of shadow economy is negatively related to the quality of rule of law. However, the findings of this research also point out that there are positive relationships between inflation, public expenditure and the size of shadow economy. Hence the results from this study suggest that the size of shadow economy could be controlled by improving the effectiveness of rule of law and the growth of economy particularly in transition countries.

show abstract

“…This put into the evidence the importance of initial conditions for infrastructure development. Initial conditions are however a necessary and not a sufficient condition for economic development (Bolt, 2010;Lee & Jeong, 2006). There is thus the need to maintain the growth path of infrastructures towards an increasing trajectory given that a drop in the infrastructural development in a period will engender a decrease into the next period with very high magnitude.…”

Section: Resultsmentioning

confidence: 99%

Effect of women’s political inclusion on the level of infrastructures in Africa

Nchofoung

Asongu

Tchamyou³

2023

Qual Quant

View full text Add to dashboard Cite

The need for gender inclusion was highlighted as the fifth sustainable development goal (SDG) (i.e. SDG5) and policies have been gearing towards attaining this objective and its subsequent effect on macroeconomic outcome. Equally, the demonstrated trend of infrastructures in Africa in terms of stocks and future need is unique compared to the rest of the world. The objective of this study is therefore to empirically examine the effect of women's political inclusion on infrastructural development in Africa. The results through the system GMM and Quantile Regression techniques show that women's political inclusion enhances infrastructural development in Africa. The result is robust across different measures of infrastructures and political inclusion. Besides, the positive relationship is maintained across income groups, levels of political stability and export structure. However, the effect is non-significant in countries with infrastructural scores around the extreme quantiles. The results of the study recommend African policymakers to prioritise the inclusion of women in the political agenda as one of the strategies towards the development of infrastructures. This could come through the putting in place of laws that favour women's participation in politics. Moreover, the countries should ratify international conventions that favour gender inclusion.

show abstract

The determinants of economic growth of transition economies: Economic reform versus initial conditions

Cited by 10 publications

References 4 publications

Linear and non‐linear effects of infrastructures on inclusive human development in Africa

Linear and non‐linear effects of infrastructures on inclusive human development in Africa

Rule of Law, Economic Growth and Shadow Economy in Transition Countries

Effect of women’s political inclusion on the level of infrastructures in Africa

Contact Info

Product

Resources

About