Economic Growth Of Country Research Articles

ANALISIS PERAN PERBANKAN DAN INKLUSI KEUANGAN DALAM MENGEMBANGKAN POTENSI PARIWISATA DI KABUPATEN SUMENEP

Nowadays, tourism development plays an important role in advancing a region and requires capital, especially from financial institutions which play an important role as channelers of funds. The relevance of regional banking inaa country's economic growth and development cannot be overstated. Sumenep Regency has beautiful natural topography and a diversity of traditions and culture so that the existence of the tourism sector can contribute to increasing Regional Original Income (PAD). In this case, capital support, especially from banking financial institutions, is very necessary. Apart from that, financial inclusion issan important thing for the government to pay attention to, because it is an effort to encourage the financial system to be accessible to all levels of society. This research method is quantitative. It is hoped that this research can provide a better understanding of how increasing awareness of financial inclusion and the role of banking in tourism can help in national economic recovery and development. The results of this research are that theevariables partially have a significant effect on tourism development and the partial financial inclusion variable does not have a significant effect on the decision.to.visit. Banking and financial inclusion simultaneously influence tourism development.

Comparison Of Capital Structure, Profitability, And Third-Party Funds (DPK) Between Bank Bri And Bank Syariah Indonesia: A Comparative Analysis

The banking sector plays a crucial role in the Indonesian economy, becoming the backbone that supports the country's economic growth and stability. In this dynamic landscape, two financial institutions stand out, namely Bank Rakyat Indonesia (BRI) as a representative of conventional banks, and Bank Syariah Indonesia (BSI) which is committed to Islamic financial principles. The purpose of this study is to determine the comparison of capital structure, profitability, and third party funds (DPK) between BRI banks and Indonesian Islamic banks. This research method uses the Mixed Methods Comparative method, this approach involves the collection and analysis of quantitative and qualitative data separately and at the same stage. The results of this study show that  the comparative analysis between Bank BRI and Bank Syariah Indonesia (BSI) highlights the different dynamics in the capital structure, profitability, and deposits of both. BRI, with its conventional approach, demonstrates flexibility and excellence in diversifying financial resources. On the other hand, BSI, as an Islamic bank, provides evidence that Islamic principles can provide profitability and a sustainable financial foundation. These results provide a better understanding of each bank's role in meeting the needs of society, both in terms of financial services and business ethics principles. Stakeholders, including regulators, investors, and the general public, can use the results of this analysis to make informed decisions and support the sustainable growth of the banking sector in Indonesia.TRANSLATE with x EnglishArabicHebrewPolishBulgarianHindiPortugueseCatalanHmong DawRomanianChinese SimplifiedHungarianRussianChinese TraditionalIndonesianSlovakCzechItalianSlovenianDanishJapaneseSpanishDutchKlingonSwedishEnglishKoreanThaiEstonianLatvianTurkishFinnishLithuanianUkrainianFrenchMalayUrduGermanMalteseVietnameseGreekNorwegianWelshHaitian CreolePersian //  TRANSLATE with COPY THE URL BELOW Back EMBED THE SNIPPET BELOW IN YOUR SITE Enable collaborative features and customize widget: Bing Webmaster PortalBack//

Digitalization and Economic Growth in Arab Countries Under Good Governance during (2018-2021)

Digitalization and Economic Growth in Arab Countries Under Good Governance during (2018-2021)

Assessing the Impact of Real Exchange Rate Misalignments on Economic Growth in Arab Countries

Assessing the Impact of Real Exchange Rate Misalignments on Economic Growth in Arab Countries

Novel AutoCNN Model for Stock Market Index Prediction

Stock markets have a significant impact on the economic growth of countries. Predicting stock market indices has been a complex task in recent years. Indeed, many researchers and financial analysts are keenly interested in the research area of stock market prediction. In this paper, we propose a novel framework, titled AutoCNN, based on artificial intelligence techniques, to predict future stock market indices. AutoCNN is composed mainly of three stages: (1) A Convolutional Neural Network (CNN) for Automatic Feature Extraction; (2) The Halving Grid Search algorithm combined with a second CNN model for prediction of stock indices; and (3) Evaluation and recommendation. To validate our AutoCNN, we conduct experiments on two financial datasets that are extracted in the period between 2018 and 2023, which includes several events, such as economic, health and geopolitical international crises. The performance of the AutoCNN model is quantified using various metrics. It is benchmarked against different models and it proves to have strong prediction abilities. AutoCNN contributes to emerging technologies and innovation in the financial sector by automating decision-making, leveraging advanced pattern recognition, and enhancing the overall decision support system for investors in the digital economy.

The Impact of Renewable Energy Consumption on Economic Growth in BRIC-T Countries: Panel Data Analysis

The aim of this study is to examine the impact of renewable energy consumption on economic growth in BRIC-T countries (Brazil, Russia, India, China and Turkiye). In doing that, we consider gross fixed capital formation, trade openess, and foreignd direct investment as control variables. The Driscoll & Kraay estimator is used in the study in which both panel-wide and country-based analysis is performed using data for the period 1990-2020. According to the panel results, renewable energy consumption, trade openness and FDI variables are statistically insignificant. When countries are analyzed separately, the impact of renewable energy consumption on economic growth varies. Accordingly, it has a negative effect in China, India, Russia and a positive effect in Brazil and Turkiye. However, it is statistically significant only in India and Turkiye. In all countries, the increase in gross fixed capital formation has a positive effect on growth and is statistically significant. The effect of trade openness on growth is statistically significant in Brazil (positive), China (positive) and India (negative). FDI is statistically significant only in China and Turkiye. FDI affects growth negatively in China and positively in Turkiye.

Analisis Determinan Pengeluaran Konsumsi Rumah Tangga di Thailand

Consumption plays an important role in a country's economic growth, making it the main focus of the government in designing economic policies. This study aims to analyze the factors that affect household consumption in Thailand. The research method used is Ordinary Least Square (OLS) to evaluate the impact of these variables on consumption. The results of the analysis show that Gross Domestic Product per capita, population, and consumption credit have a significant positive influence on household consumption in Thailand. On the other hand, interest rate has a negative, albeit insignificant, influence on household consumption. These findings provide important insights for policymakers in regulating the economic factors that influence household consumption behavior. By understanding these factors, the Thai government can design more effective policies to promote economic growth through stimulating household consumption. Keywords: HFCE, GDP Percapita, Population, Interest Rate, Consumption credit

Opportunities, Challenges, and Solutions in Expanding The Blue Economy in Sri Lanka: Special Reference to The Fisheries Sector

Purpose: The blue economy emphasizes the sustainable utilization of marine resources to promote economic growth, create job opportunities, and enhance livelihoods while ensuring the protection of the ocean ecosystem. The blue economy comprises a variety of activities such as fisheries, aquaculture and Mari culture, marine and coastal tourism, boat and shipbuilding, seaports and shipping, marine transportation, renewable energy, offshore hydrocarbons and minerals, and marine biotechnology. The primary objective of this research is to identify the opportunities and challenges in expanding the blue economy in Sri Lanka, with a focus on the fisheries sector.
 Design/methodology/approach: The qualitative research method was employed for data collection, using key person interviews with 20 Sri Lankan blue economy stakeholders. Thematic analysis was used to analyze data.
 Findings: The study identified several opportunities, including the introduction of a sound VMS and forecasting system, technology improvement, properly trained human resources, reducing post-harvest loss, value addition to the fish, and diversification towards aquaculture and Mari culture. The study also identified challenges such as limited access to finance, lack of infrastructure, and weak governance. With the right policies and management practices in place, the fisheries sector in Sri Lanka can achieve sustainable development, contribute to the country's economic growth, and provide livelihoods for fishers and their communities.
 Originality: Though Sri Lanka is an Island, ideal for practicing the blue economy, the attention given by the scholars and practitioners to develop the sector is not sufficient. This study stands out for its thorough examination of opportunities and challenges in expanding Sri Lanka's blue economy, with a specific emphasis on the fisheries sector.
 Implications: The theoretical contribution lies in the identification of opportunities and challenges in expanding the blue economy, particularly within the fisheries sector. This research significantly contributes to guiding policymakers and stakeholders to develop strategies for the sustainable growth and management of the fisheries sector in Sri Lanka.
 Keywords: Blue Economy, Fisheries, value addition, Post-harvest loss

Financial development, institutional quality and economic growth in countries in sub-Saharan Africa (SSA)

Over the years, there have been huge variations in the growth performances of the economies in SSA. Whilst these disparities can be attributed to a wide range of factors, it is generally understood that differences in their economic structures explain the capacity for generating growth and absorbing shocks during a recession. This study contributes to literature by examining the impact of institutional quality and financial development on economic growth in low- and middle-income countries. Data was obtained from the World Bank and covered the period from 1975 to 2020. The study employed an ARDL model to establish both short and long run dynamics in the two sub samples. The study confirmed both short and long run causality from financial and institutional quality to growth. Institutional quality enhances growth in both low- and middle-income countries in the long run. Whilst the direction of the impact is the same, the magnitude of the impact of institutional quality is different within the two categories. Institutional quality plays a more significant role in low-income countries compared to middle income economies. The study brings out potential financial fragility and systemic risks in financial institutions among countries in SSA. Policies that enhance the quality, consistency, and uniformity of legal reasoning in judicial decisions are ideal. Reducing the risk profile for investments may enhance the flow of credit to the private sector by financial institutions.

Performance Measurement Integration And Performance Of Manufacturing Firms in Rwanda

Rwanda's manufacturing industry is essential to the country's economic growth and employment generation. Achieving sustainable development and global competitiveness necessitates the integration of performance assessment effectively. This entails measuring and optimizing organizational performance, especially in supply chains, using a variety of measures. Global market trends and resource limitations are two ongoing challenges that emphasize the necessity for reliable measuring methods. In order to give policymakers and business practitioners useful information, this study aims to assess the effect of performance measurement integration on manufacturing company performance in Rwanda, concentrating on important industries and geographical areas. Expectancy Theory and the Balanced Scorecard Framework (BSC), two important theoretical frameworks related to performance measurement integration in manufacturing businesses, are examined in the literature study. According to expectation theory, people are driven by their conviction that performance, effort, and results are all related. The BSC provides a strategy-based framework for decision-making at various organizational levels. It was created by Kaplan and Norton. The significance of integrating performance assessment in order to increase productivity, quality, customer happiness, and decision-making for small and medium-sized enterprises (SMEs) is underscored by empirical research. Performance in manufacturing is evaluated and optimized via the use of a variety of instruments and methods, including the BSC and KPIs. 
 The study methodology utilized a quantitative analytic strategy with an explanatory approach to comprehend the relationship between manufacturing company performance and supply chain integration. The research philosophy was shaped by positivism, which prioritized quantitative approaches. Semi-structured questionnaires were used to gather data from 213 manufacturing companies; 94% of the respondents answered the questions. The integration of performance measurement has been found to have a favorable influence on the performance of manufacturing organizations through effective communication, information exchange, and strategic supplier relationships. These findings were supported by descriptive statistics. The findings showed a positive relationship between measurement integration and company performance, with integration accounting for 49.9% of the variance in performance. The results showed that efficient decision-making and information exchange among supply chain participants were influenced. Notably, framework agreements with key suppliers were frequently used in emergency situations. The functions of logistics companies, funders, governments, media, and security personnel in relief efforts were emphasized using qualitative analysis. Issues with inadequate coordination and information exchange were noted. Enhancing IT infrastructure, adopting emerging technologies, collaborating with many stakeholders, and establishing legal frameworks for production readiness are among the recommendations. The study emphasizes how crucial technology, collaboration, and integration are to maximizing the performance of industrial firms and disaster relief in Rwanda.

The Effect of Financial Innovation on Economic Growth in Transition Countries

The Effect of Financial Innovation on Economic Growth in Transition Countries

The Revolution in the Tourism Landscape in Sylhet, Bangladesh

This research delves into the impact of the COVID-19 pandemic on the tourist geographies of the Sylhet region in Bangladesh, a pivotal area for the country's economic growth and development. Through qualitative analysis, including interviews and secondary data, the study reveals the severe consequences of the pandemic on various aspects of the tourism industry, such as job losses, economic downturns, and disruptions to businesses. The findings underscore the significant challenges faced by both formal and informal stakeholders in Sylhet's tourism sector, highlighting the need for comprehensive policies and strategies to mitigate the pandemic's effects and foster sustainable tourism recovery. Despite the setbacks, the study identifies opportunities for revitalizing Sylhet's tourism landscapes through concerted efforts in infrastructure development, service enhancement, and stakeholder collaboration, ultimately advocating for a resilient approach to navigating the complexities of the post-pandemic tourism landscape.

Foreign Financial Inflows and Economic Growth in Nigeria: A Comprehensive Analysis

Several policy measures were targeted and adapted by governments globally to achieve and rapidly increase sustainable economic growth. In view of that, economies acclimatize to both monetary and fiscal policies in order to improve economic performance. A country's economic growth is an element of intuitive impacts of changing worldwide and homegrown powers. Attracting foreign financial inflows is one major policy strategy that the government has used, particularly in developing and emerging economies, to accelerate economic growth. This concentrate hence notices the Effect of Unfamiliar Economic Inflows, dominatingly, the degree to which Foreign Direct Investment, Foreign Portfolio Investment, Foreign Public Debts and Foreign Personal Remittances broadly control financial growth in Nigeria from 2000- 2021. The review utilized the Autoregressive Distributed Lag (ARDL) model to assess the information acquired. Discoveries uncovered that Foreign Direct Investment inflow altogether influences economic growth in Nigeria, and there is no huge long run connection between Foreign Portfolio Investment and financial growth in Nigeria. Besides, it was found that long run negative relationship exists among Settlement and Outer Public Obligation and economic growth in Nigeria. Last but not least, the study suggests that economic managers devise measures that will make it easier to mobilize more domestic investment to lessen the uncertainty that may accompany foreign investment during periods of local or international economic crises. In a similar vein, when making decisions that have an impact on the expansion of the economy, policymakers must take into account the potential benefits as well as the potential dangers associated with remittances.

The Nexus Between Remittances, Natural Resources, Economic Growth, Healthcare and Environmental Sustainability In CIS Countries

Globally, the issues about sustainable development are on the increase, especially in emerging economies as CIS countries. Due to rising migration and remittances, natural resources are degraded, and economic expansion might pose serious challenges to the environment and healthcare. Thus, this research looks at how life expectancy is affected by economic growth, natural resources and carbon dioxide (CO2) emissions in 11 CIS countries (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Ukraine, and Uzbekistan) by con-trolling energy consumption from 1990 to 2019. The Dumitrescu-Hurlin causality test discloses a cointegration between life expectancy, remittances, natural resources, economic growth, and CO2 Emissions. The empirical analysis indicates that life expectancy is positively correlated with re-mittances and GDP while water withdrawal and CO2 emissions have negative impact on life ex-pectancy in the case of CIS countries. Our empirical findings may provide insightful policy implications towards strengthening the public healthcare system. Therefore, appropriate policy responses can be developed towards advanced public healthcare and environmentally sustainable sources of energy in order to achieve the sustainable development goals.

The Relationship between Electricity Consumption and Economic Growth in BRICS Countries

This study analyzed the Gross Domestic Product (GDP) determinants in Brazil, Russia, India, China, and South Africa (BRICS). The method used in this study is a Fully Modified Ordinary Least Square (FMOLS) panel that can overcome the problem of non-stationary panels and the effect of heterogeneity between countries. The analysis range of this study is from 1992 to 2021, with three independent variables, namely electrical energy consumption, labor force, and gross fixed capital formation (GFCF) or investment. The results showed a significant favorable influence on energy consumption, labor force, and investment in GDP in BRICS countries from 1992-2021. This research resulted in a review of one of the policy recommendations to improve the economy in BRICS countries.

The Analysis of Human Capital Development, Economic Growth and Longevity in West African Countries

Human capital is critical in directing all resources to serve people and influencing the productivity of an economy. Human capital can be increased through good health and education. This research examined the effects of human capital development on economic growth and longevity in West Africa. This study was concentrated on four West African countries: Nigeria, Ghana, Burkina Faso, and the Benin Republic. We used panel ordinary least squares (POLS), fully modified ordinary least squares (FM-OLS), and dynamic ordinary least squares (DOLS) for robust analysis to look at how human capital development affects economic growth and longevity over the long term. Life expectancy at birth was employed to evaluate longevity. Before the estimate, correlation, unit root, and cointegration tests were run. According to the findings of this study, human capital development has a 347.5% favorable and significant long-term effect on economic growth. This indicates that enhancing human capital can stimulate economic growth. According to the data, human capital development has a 26.8 percent positive and significant long-term effect on life expectancy at birth. Based on the findings, this study concluded that human capital development has a favorable impact on economic growth and life expectancy at birth in West Africa, demonstrating that developing human capital is advantageous to both growth and life expectancy. As a result, West African governments must increase health and education budgetary expenditures to strengthen human capital.

The influential ambit of optimal corporate social responsibility investments on the cost of capital in Chinese private firms

AbstractPrivate firms in China are contributing immensely to the country's economic growth. However, increasing the capital cost of private firms in China is a big challenge that needs to be addressed. This study intends to examine the role of optimal corporate social responsibility (CSR) investment while lowering the cost of equity capital and debt capital in Chinese private firms. In addition, this research study reveals the moderating role of state‐owned shares in the association between CSR and private firms' capital costs. By taking a sample of Chinese private firms from 2011 to 2021, this study employs the CSR optimization method. The findings show that CSR optimization tends to reduce the cost of equity capital and debt capital in Chinese private firms. Further investigation shows that over‐investment in CSR increases the cost of capital. Moreover, an increase in state‐owned shares strengthens the negative relationship between the cost of debt capital and optimal CSR investments. The present study's findings are helpful for Chinese firms to undertake optimal CSR investment.

PENGARUH LITERASI KEUANGAN, DIGITAL PAYMENT DAN KEMAMPUAN MENYUSUN LAPORAN KEUANGAN TERHADAP KINERJA UMKM

MSMEs can drive the country's economic growth, however, the performance of MSMEs has experienced a slowdown due to the Covid 19 pandemic. So, this research aims to find out what factors can encourage the performance of MSMEs. This research uses internal and external organizational factors that can influence MSME performance, such as financial literacy, digital payment, and the ability to prepare financial reports. The population of this research is MSMEs in Bantul Regency. The sampling method uses a purposive sampling technique with the criteria of MSMEs that have used digital payments and financial records. The samples that can be used are 108 MSMEs in Bantul Regency. Data collection was carried out using a questionnaire method which was distributed offline by visiting MSMEs and online using Google from. Data processing uses the SPSS Statistics 26.0 application. Data were analyzed using multiple linear regression analysis. The research results show that financial literacy and the use of digital payments have no effect on MSME performance, while the ability to prepare financial reports has a positive effect on MSME performance. High or low levels of financial literacy and the use of digital payments do not affect the performance of MSMEs. Meanwhile, the higher the ability to prepare financial reports, the higher the performance of MSMEs will be. MSMEs that prepare financial reports can evaluate their business performance.

The Impact of Health Expenses on Economic Growth: Empirical Evidence from SAARC Countries

This study seeks to empirically explore the influence of health expenditure on economic growth in SAARC countries. Gross domestic product (GDP) the proxy variable of economic growth has been used as a dependent variable and current health expenses (CHE) as the independent variable. The panel dynamic OLS (DOLS), panel fully modified OLS (FMOLS), panel OLS, panel co inte gration test, along with Granger causality test have been used to determine the link between health expenses and economic growth. The result presented that health expenses and economic growth have a bidirectional causa l relationship in the short run. The f indings of the panel fully modified OLS (FMOLS) also showed that long run economic growth is increasingly and significantly affected by health expenses, HDI, infant mortality, and life expectancy. Therefore, this st udy presents empirical evidence to the po licymakers of SAARC nations that increasing health expenditures contribute to a country's economic growth.

Government Expenditure on Education and Economic Growth: An Econometric Study

The increase in government expenditure on education is commonly considered to have a positive effect on economic growth by raising GDP per capita. This essay aims to examine the effectiveness of education investment in driving economic growth. The panel Ordinary Lease Square (OLS) model is used to establish a regression model with data sets for Asian least developed, developed, and developing countries from 1995 to 2015 and a case study on China and Malaysia. The regression model manifests public spending on education as having a stimulative effect on economic growth in countries that have a stable and relatively more developed economy. The case study investigated the relationships between six factors relating to the government’s expenditure in education and found that investment in secondary schools has a strong relationship with prominent economic returns.