The Past and Future of Regional Potential Growth: Hopes, Fears, and Realities

Kasyanenko, Sergiy; Kenworthy, Philip George; Çelik, Sinem Kılıç; Ruch, Franz; Vashakmadze, Ekaterine T.; Wheeler, Collette Mari

doi:10.1596/1813-9450-10368

Cited by 3 publications

(1 citation statement)

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“…Inflationary pressures were exacerbated by weaker national currencies compared to the dollar. Low and decreasing income per capita growth projected to decline to 1.4% in 2023 after averaging 1.6% in 2021 and 2022 will keep poverty entrenched on the continent and prevent governments from accelerating their progress towards the SDGs (Kenworthy et al, 2023;Robles and Wiese, 2023). Around two-thirds of African countries raised policy interest rates in 2022 to battle inflation and exchange rate pressure, while budgetary space remained tight to support economic growth and sustainable development.…”

Section: Introductionmentioning

confidence: 99%

Measuring the Effect of Income Inequality, Financial Inclusion, Investment, and Unemployment, on Economic Growth in Africa: A Moderating Role of Digital Financial Technology

Nambie,

Dadzie,

Haywood-Dadzie

2023

IJEFI

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The significance of understanding the effect of income inequality, financial inclusion, investment, unemployment on economic growth in Africa is imperative in academic literature, and contributes meaningfully to policy decision making. All the variables in the study play important roles in economic growth. This paper, therefore empirically analyses the contribution of income inequality, financial inclusion, investment, unemployment, on economic growth using secondary data spanning 2001 to 2022. Two-step system generalized method of moments (GMM) estimator is used to analyse the data extracted from the world development indicators (WDI). It was revealed that, income inequality and unemployment have a significant negative relationship with economic growth whilst financial inclusion and investment also have a significant positive relationship with economic growth. Also, financial technology, which is the moderator variable has significant relationship with economic growth. It was concluded that, policy makers should ensure equitable distribution of wealth, stabilize the economy, develop the skills of young entrepreneurs, and invest in financial technology to enhance economic growth in Africa.

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Section: Introductionmentioning

confidence: 99%

Measuring the Effect of Income Inequality, Financial Inclusion, Investment, and Unemployment, on Economic Growth in Africa: A Moderating Role of Digital Financial Technology

Nambie,

Dadzie,

Haywood-Dadzie

2023

IJEFI

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The Great Reversal

Chrimes,

Gootjes,

Kose

et al. 2024

SSRN Journal

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High risks and weak pace of economic growth: Russia macroeconomic forecast for the medium term

Vedev,

Eremkin,

Tuzov

2024

Vopr. èkon.

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This paper examines prospects for the Russian economy in the mid-term until 2026. The authors identify four key factors that determine future dynamics: sanctions, the state of foreign trade, relations between Russian and foreign businesses, policy of the government and the Bank of Russia. The basic scenario of our forecast is based on the most probable future trends in development of foreign trade, investment activity, industrial dynamics, changes in exchange rate of the national currency, inflationary picture and monetary policy. The conservative scenario takes into account the manifestation of some negative risks, probability of which the authors consider as quite high. For both scenarios, the authors offer a list of risks that can have a significant impact on the forecast values. Results of modeling economic dynamics indicate that in the medium-term Russia will face moderate recovery growth, and there will be no real opportunities to accelerate it. By the end of 2026, the Russian economy will increase in the range of 5.6—7.8% compared to the level of 2021. The results of the presented work can be used for a critical comparison with official forecasts of the Bank of Russia and the Ministry of Economic Development of the Russian Federation in order to improve the efficiency of budget planning for future periods.

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The Past and Future of Regional Potential Growth: Hopes, Fears, and Realities

Cited by 3 publications

References 115 publications

Measuring the Effect of Income Inequality, Financial Inclusion, Investment, and Unemployment, on Economic Growth in Africa: A Moderating Role of Digital Financial Technology

Measuring the Effect of Income Inequality, Financial Inclusion, Investment, and Unemployment, on Economic Growth in Africa: A Moderating Role of Digital Financial Technology

The Great Reversal

High risks and weak pace of economic growth: Russia macroeconomic forecast for the medium term

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