The effect of integration processes of the Common Market for Eastern and Southern Africa on the economic growth of the member states

Liu, Haiyun; Yahia, Yassin Elshain; Hossain, Ismail; Shah, Sayyed Sadaqat Hussain

doi:10.1002/ijfe.2407

Cited by 3 publications

(3 citation statements)

References 71 publications

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“…The findings of our regression is similar to (Adams, 2020;Arndt et al, 2010;Bhavan et al, 2011;Burnside and Dollar, 2000;Chowdhury and Das, 2011;Cungu and Swinnen, 2003;Forson et al, 2015;Gomanee et al, 2005;Gounder, 2001;Haiyun et al, 2021;Hansen and Tarp, 2001;Headey, 2008;Irandoust and Ericsson, 2005;Jena and Sethi, 2019;Karras, 2006;Lloyd et al, 2001;Mallik, 2008;Minoiu and Reddy, 2010;Ndambendia and Njoupouognigni, 2010;Sharma and Bhattarai, 2013;Singh, 1985;Sothan, 2018;Tait and Chatterjee, 2015;Tang and Bundhoo, 2017).…”

Section: Ardl Model Selection and Results Estimationsupporting

confidence: 87%

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Does Foreign Aid Have an Expected Role in the Economic Growth of Bangladesh? An Analysis in ARDL Approach

Hossain

Hossain²,

Islam³

et al. 2022

IJEFI

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Bangladesh, a lower-middle-income country in South Asia and expected to be a developing country by 2024, is one of the most densely populated countries in the world, with 166.30 million (WDI, 2021) people. Foreign Aid (FA) plays a vital role in the economic development of Bangladesh. Foreign Aid, loans, and grants generally, which we call Official Development Assistance (ODA) (in this study, we have used the term 'Foreign aid') have increased gradually over the years after the liberation of Bangladesh with the increase of per capita GDP. In our study, we have conducted a single country investigation on Bangladesh and examined the impact of Foreign Aid on the Economic growth of Bangladesh from 1971 to 2019. The ARDL bounds test methodology was applied in the study, followed by the unit root test and the bound test for cointegration. Several diagnostic tests were conducted to check the stability and reliability of the model. The obtained results revealed that Foreign Aid has a significant and positive impact on the Economic growth of Bangladesh in the long- and short-run. The coefficients of the variables of our study refer that a 1(one) unit increase in foreign Aid would intensify 0.24 units of Economic growth in Bangladesh. In line with Foreign Aid, Gross capital formation also has a significant positive impact on the country's economic development. On the contrary, trade openness has a negative but insignificant impact both in the short and long run. Besides, population growth negatively and significantly impacts economic growth in the long run. In this study, finally, we have recommended some policy implications for the Government of Bangladesh.

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Section: Ardl Model Selection and Results Estimationsupporting

confidence: 87%

“…In addition, Bangladesh has failed to convert its large population into a skilled and enriched labour force. This result is also supported by the study of Haiyun et al, (2021). Trade openness has a negative but insignificant impact in the long run.…”

Section: Ardl Model Selection and Results Estimationsupporting

confidence: 63%

Does Foreign Aid Have an Expected Role in the Economic Growth of Bangladesh? An Analysis in ARDL Approach

Hossain

Hossain²,

Islam³

et al. 2022

IJEFI

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show abstract

“…The first market integration threshold, 8.9206, outperforms the testing standards by 10%, while the second market integration threshold, 9.2053, outperforms the testing standards by 1%. Figs 5 and 6 provide likelihood ratio function diagrams for threshold variables, which allow you to see threshold values and confidence intervals [ 58 ].…”

Section: Further Discussion Of Non-linearity: Analysis Of Threshold E...mentioning

confidence: 99%

A study of the economic growth effects of market integration: An examination of 27 cities in the Yangtze River Delta city cluster

Yang

2023

PLoS ONE

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The city cluster of the Yangtze River Delta is a highly dynamic and competitive economic region in China. The integration of the market across the 27 cities is crucial in driving economic growth in the area. This paper aims to provide policymakers with recommendations on promoting regional integration, enhancing the structure, and improving overall performance. By utilizing the benefits and resources of each community more effectively, greater economic gains can be achieved. The findings of this study can also be applied to other Chinese towns or business areas. Market integration is a necessary foundation for regional integration, as it enables the seamless movement of goods and factors throughout the region while simultaneously reducing entry barriers and supporting the creation of a unified market. Unfortunately, the "vassal economy" model has impeded the region’s economic growth. The integration of regional markets is crucial for economic growth. However, it is equally important to create industrial clusters with central towns as their hubs. The Yangtze River Delta urban agglomeration is a prime example of one of six world-class city clusters demonstrating how market integration can result in high-quality economic progress. The paper’s primary discoveries are threefold: firstly, there has been a progressive elevation in the level of market integration among the 27 cities within the Yangtze River Delta city cluster, characterized by increasingly intimate connections concerning trade, investment, and population mobility. Secondly, this heightened market integration exerts a catalytic impact on the real economic growth of the Yangtze River Delta city cluster, particularly concerning regional industrial restructuring, transformation, and upgrading. Finally, market integration is poised to expedite the industrial division of labor and synergistic development between the cities, thus promoting a concentration of advanced manufacturing and new industries in the central cities and furthering the development of profitable industries in the central individual cities.

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How does inter-provincial trade promote economic growth? Empirical evidence from Chinese provinces

Ji,

Shan,

Yin

2024

Humanit Soc Sci Commun

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In the face of complex domestic and international situations, the influence of domestic trade on economic growth has been paid more and more attention by the academic community while we still know little about its internal mechanism. From the perspective of China's interprovincial trade, based on the panel data of 29 provinces (municipalities and autonomous regions) in China from 2000 to 2021, this paper studies the impact of inter-provincial trade on economic growth by using a two-way fixed effects model. It is found that inter-provincial trade has a significant positive effect on economic growth, and each 1% increase in interprovincial trade will increase per capita GDP by 0.19%. Furthermore, inter-provincial trade positively affects economic growth through the effect of technology improvement and industrial structure upgrading. However, the two mechanisms are heterogeneous in the eastern, central, and western regions. Among them, the technology improvement mechanism is only established in the central and western regions and the industrial structure upgrading mechanism is only established in the eastern and central regions. Finally, we suggest that governments should formulate targeted development goals and plans according to the actual situation of each region, to ensure that inter-provincial trade can play a full role in promoting economic growth.

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The effect of integration processes of the Common Market for Eastern and Southern Africa on the economic growth of the member states

Cited by 3 publications

References 71 publications

Does Foreign Aid Have an Expected Role in the Economic Growth of Bangladesh? An Analysis in ARDL Approach

Does Foreign Aid Have an Expected Role in the Economic Growth of Bangladesh? An Analysis in ARDL Approach

A study of the economic growth effects of market integration: An examination of 27 cities in the Yangtze River Delta city cluster

How does inter-provincial trade promote economic growth? Empirical evidence from Chinese provinces

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