Economic Growth Performance Research Articles

Does structural change matter for sustainable development in newly industrialized countries? Fresh evidence from a new sustainability indicator

The economic gap between developed and developing economies has been diminishing due to the recent rapid economic growth performance of developing economies. While achieving this swift growth level, developing economies have structurally transformed their economies. However, the impact of this structural change on environmental sustainability remains unclear. Therefore, this study focuses on the impacts of structural change, energy structure, and economic growth on the load capacity factor, a comprehensive sustainability indicator, in newly industrialized countries during 2000–2020. To this end, second-generation panel data techniques, which account for cross-sectional dependence and heterogeneity, are used to provide more robust and reliable estimates. The results show that economic growth, structural change, and fossil energy utilization decrease the load capacity factor while renewable energy utilization increases it. These findings underscore the need for energy efficiency and resource-conscious policies that align with environmental sustainability while promoting economic growth, highlighting their crucial role in the future of sustainable development.

The Incorporation of the Sustainable Development Goals into Fashion Companies in South Brazil

This article checks the performance of the fashion companies in South Brazil relative to the incorporation of actions within the framework of the Sustainable Development Goals (SDGs). The study adopts a quantitative approach of descriptive character, based on the Survey Method, applied to companies in one of the main fashion producing regions in Brazil. It was possible to ensure that the best performance of companies was achieved in gender equality and decent work and economic growth, with good and excellent performance, respectively. However, the performance of the companies in consumption and responsible production (SDG 12) and fight against climate change (SDG 13) were classified within the poor performance category. What demonstrates that the companies act unevenly in the different SDGs surveyed. Therefore, it is necessary to create a more global view of actions to compensate for their weaknesses, and as a consequence improve their sustainability. The negative performance is worrying because changes in production systems are urgent as pollution levels have increased on the planet. This study contributes with a data collection instrument that can be replicated in other fashion companies in different social, economic and cultural contexts.

Economic Growth Performance and Economic Activities in Kosovo During the Covid-19 Pandemic in Kosovo

Economic Growth Performance and Economic Activities in Kosovo During the Covid-19 Pandemic in Kosovo

Chinese Corporate Culture on Performance of Economic Growth

Chinese Corporate Culture on Performance of Economic Growth

Impact on Growth and Feed Availability from Including Jack Mackerel (Trachurus japonicas) Meal in Rockfish (Sebastes schlegeli) Feeds Which Otherwise Replace Fish Meal with Chicken By-Product Meal.

This study was conducted to elucidate the impact on the growth and feed availability of rockfish (Sebastes schlegeli) from including jack mackerel meal (JMM) in feeds which otherwise substitute 20% fish meal (FM) with chicken by-product meal (CBM). Six formulated feeds were designed to be isonitrogenous and isolipidic. Specifically, 55% FM was included in the control (Con) diet. In the Con diet, 20% FM was substituted by CBM, and then the graded levels (0, 20, 40, 60, and 80%) of JMM were included instead of FM, named as the C20J0, C20J20, C20J40, C20J60, and C20J80 diets, respectively. Five hundred and forty juvenile rockfish (initial weight of 11.2 g) were assigned to 18 tanks. All experimental feeds were fed to triplicate groups of rockfish twice daily for 8 weeks. Superior weight gain, specific growth rate (SGR), and feed intake of rockfish fed the C20J60 and C20J80 diets compared to rockfish fed the Con and C20J0 diets were observed. However, the feed utilization, biological indices, proximate composition, amino acid profiles, and blood chemistry of the rockfish were not affected by the dietary treatments. The slightly but not significantly higher economic profit index and growth performance were obtained in the C20J60 diet compared to the C20J80 diet. In conclusion, the C20J60 diet was the most recommendable treatment based on the improvement in growth performance (weight gain and SGR) and feed intake of rockfish, and the highest economic return to farmers.

The Impact of the Political Environment (Stability/Instability) and Food Security/Insecurity on the Economic Growth Performance of African Countries: A panel Study

The Impact of the Political Environment (Stability/Instability) and Food Security/Insecurity on the Economic Growth Performance of African Countries: A panel Study

Remittance Outflow and Economic Growth Linkage: The Role of Trade,ICT, Human, and Physical Capital

This study focuses on how remittance outflow shapes the economic growth (EG) performance in leading remittance-sending nations, considering the role of trade, ICT, and human and physical capital as control variables. It utilizes panel data from 1990 to 2021 and utilizes second-generation econometric methods. Our findings reveal a cointegration among variables and show that remittance outflow is growth-enhancing in leading remittance-paying countries. Trade, capital formation, and ICT deployment positively impact economic performance and appear to be a blessing for EG. While the role of HC is insignificant, indicating that it does not affect EG. The outcome suggests that remittance outflow is not an economic problem for the remittance-paying nations; instead, they must utilize the talent and skills of migrant labor to achieve EG. Our results suggest that policymakers should concentrate on using the talent and skills of migrant labor, consider trade as a source of growth, develop policies to improve the skills and competencies of the local workforce and deploy and utilize ICT facilities effectively to achieve sustainable EG.

Energy Consumption and Trade Liberalization: Investigating Performance of Economic Growth for French Economy

This study is organized to determine the performance of economic growth in the French economy. For this purpose, this study considers the role of energy consumption, trade openness and consumer prices as determining factors. The ARDL bounds test will be used for the sample from 1986 to 2022 to obtain empirical results. The results confirm that economic growth and its determinants are cointegrated in the long run. Moreover, the results also reveal that only energy consumption and trade openness significantly boost economic growth. It is further witnessed that capital accumulation is expanding economic growth in France. Among these three factors, trade openness's impact is stronger than the other factors taken in this research.

Sustainable poultry farming in developing nations: Exploring cassava waste utilization for enhanced poultry production and economic viability

AbstractIn intensive poultry production, particularly in developing countries like Nigeria, addressing the issues of agricultural waste and feed costs for farmers is crucial. This study explores a solution by incorporating cassava waste into broiler chicken diets. The research examines its effects on economic factors, growth performance, carcass yield, and agricultural waste utilization over 8 weeks. Three hundred broiler chickens were divided into three groups: a control group without cassava waste and two treatment groups with 10% and 15% cassava waste inclusion. Results showed that a 10% inclusion improved key performance indicators such as weight gain, feed intake, feed conversion ratio, and carcass weight, while a 15% inclusion was less efficient than the control. Economically, diets with 10% and 15% cassava tuber waste were more cost‐effective than the control, emphasizing the economic benefits of cassava‐based diets for broiler chickens, and offering a sustainable, cost‐efficient feeding option for poultry farmers.

Bilginin Türkiye Ekonomisinin Büyümesi Üzerindeki Rolü, 1960-2019

In recent decades, there has been a notable shift in the global economy towards a knowledge-based economic framework. This transformation has been influenced by many key factors, sometimes referred to as pillars of knowledge. These pillars encompass human capital, research and development (R&D), information and communication technologies (ICTs), and foreign trade. This study examines the influence of knowledge on the economic growth performance of Türkiye from 1960 to 2019. It employs a production function framework and utilizes the Autoregressive Distributed Lag (ARDL) technique. This study additionally presents a knowledge index as a means to assess several dimensions of knowledge in a unified form. The empirical results indicate that higher level of knowledge has had a positive impact on the growth rate of Turkish economy over the sample period.

Low-carbon production performance of agricultural green technological innovation: From multiple innovation subject perspective

Green technological innovation displays a multi-subject participation trend; however, within agriculture, literature scarcely addresses its low-carbon production performance and rarely considers citizen participation innovation. Therefore, we examine how agricultural green technological innovation impacts agricultural carbon productivity at production and performance levels, considering university and scientific institution, citizen, or enterprise participation. The results show: (1) Agricultural green technological innovation experienced rapid growth from 2000 to 2019, with enterprise participation innovation having the largest share while citizen participation innovation the lowest share. (2) Agricultural green technological innovation, with enterprises or citizens participation, can effectively enhance agricultural carbon productivity; however, universities and scientific institutions participation innovation remains relatively weak. (3) Citizen and enterprise participation innovation can enhance technical progress and economic growth performance in agriculture, ultimately promoting agricultural carbon productivity. Therefore, we should improve agricultural green technological innovation with various innovation subjects, and promote their allocation efficiency and carbon reduction performance in agricultural production.

Wealth inequality and economic growth: Evidence from the US and France

Economic inequality, in terms of income or wealth, is one of the most complex and perplexing challenges of our current capitalist economic system. While the dynamic relationship between income inequality and economic growth has been extensively investigated (since the beginning of the last century), the dynamic link between wealth inequality (or wealth concentration) and economic growth has been largely ignored in the literature, taking more attention in recent years. This paper asserts that the accumulation of non-productive assets/luxury goods is an important determinant of wealth inequality, as well as a determinant of the relationship between wealth inequality and economic growth. In this paper our aim is to show that an increase in wealth inequality is associated with a slowdown in economic growth. In particular, the paper shows that there is a negative relationship between wealth inequality and economic growth in France because poor households own a relatively large fraction of non-productive luxury goods. Nevertheless, this is not the case in the US, which is what explains that such negative relationship is not observed there. We conclude that a redistribution of wealth (from the rich to the poor) is important for attaining a sustained economic growth performance.

A long-run perspective on Latvian regional gross domestic product inequality, 1925–2016

ABSTRACT This paper for the first time calculates the historical regional GDP (rGDP) for an Eastern European country by using the methodology of Frank Geary and Tom Stark [2002. Examining Ireland's post-famine economic growth performance. The Economic Journal, 112(482):919–935]. The estimates cover the period 1925–1935 and are made for the historical Latvian regions Kurzeme, Vidzeme, Zemgale, Latgale, and Riga as well as within the contemporary NUTS3 units. The results are compared with the GDP disparity of the NUTS3 regions of the restored independent Latvia (2001–2016). The main findings are that the sigma divergence remained stable. Direct comparisons of regional growth rates indicate that economically more advanced regions were more sensitive to business cycles than less advanced regions. Hence, sigma divergence seems to prevail in times of high growth and convergence in times of low growth.

THE EFFECT OF ECONOMIC GROWTH ON STOCK EXCHANGE

Economic growth measures growth in economic activities. Economic growth is important for countries, because it often brings better economic and social standards. Stock exchange performance is often a good indicator of the economy since it shows the performance of some of the important companies in the economy. The empirical analysis in this article aims to investigate the relationship between economic growth and stock exchange performance. Percentage change in GDP of Turkey and BIST100 are used as variables for this purpose. Two different data sets; 2003-2022 and 2013-2022 are available in the research. The analysis include error correction model, vector auto regression, Granger causality, impulse response, and variance decomposition. For the period 2013-2022, cointegration long run relationship is determined but there is no short run relationship as explained by error correction model. 30% of changes in economic growth can be explained by stock exchange performance and only 5% of changes in stock exchange performance can be explained by economic growth. BIST100 Granger causes economic growth. For the period 2003-2022, both short run and long run relationships are detected. Shocks in the long run disappear by 24%. The results indicate that the stock exchange performance can be used as an indicator of economic growth. Works in the literature also show significant relationship between stock markets and GDP both in local and international studies. The findings have important academic, policy and practical implications.

Economic and Productive Comparison of Rutin and Rutin-Loaded Chitosan Alginate Nanoparticles Against Lead-Induced Oxidative Stress in Cobb and Arbor Broiler Breeds

Rutin, a natural bioflavonoid compound, is one of the best-known antioxidants. This study aimed to investigate the protective effect of rutin-loaded chitosan alginate nanoparticles (RCA NPs) against lead (Pb)-induced oxidative stress in two different broiler breeds. A total number of 240 chicks from Cobb (CB) and Arbor Acres (AR) breeds were randomly allocated into 4 groups/breed. The 1st group received standard basal diet (SD) and drinking water (DW) while the 2nd group received SD and Pb-incorporated DW (350 mg/L). The 3rd group treated with both rutin-supplemented SD (50 mg/kg feed), and DW contain Pb (350 mg/L). Finally, the 4th group administered RCA NPs-supplemented SD (50 mg/kg feed) and Pb-incorporated DW (350 mg/L). On the 40th day of experiment, broilers weighed, and blood samples collected for biochemical and hematological analysis then slaughtered. Economic efficiency, growth performance, and oxidative stress biomarkers were evaluated. Gene expression level of growth-associated genes as insulin-like growth factor-I (IGF-1) and histopathological changes were assessed in liver and intestinal tissue of both breeds. Our results revealed that Pb-treated birds exhibited the lowest average body weight gain (BWG) and economic efficiency measures in both breeds while RCA NPs-treated groups revealed enhanced growth and economic performance. Furthermore, diet supplementation with RCA NPs considerably enhanced the antioxidant enzymes activity and expression of growth-associated genes than groups treated with rutin alone specifically in AR breed. In conclusion, RCA NPs supplementation could be a promising nanoformulation in poultry production through enhancing the antioxidant capacity and bioavailability of rutin.Graphical

The Issue of Measuring Household Consumption Expenditure

Household consumption expenditure is an important measure of economic activity as it reflects the spending behavior of households and their purchasing power. The measurement of household consumption expenditure is critical for analyzing economic growth, inflation, and overall economic performance. In order to create budgets and financial plans, it is necessary to know and understand the relationship between the size of households in terms of the number of members, the number of children, and their consumption needs. The aim of the research was to determine the statistical significance of the relationship between household size and consumer spending at the national (Slovak Republic) level and also to analyze the relationship between household size and spending on food as a significant component of consumer spending. An analysis of variance (ANOVA) was applied to examine the relationship between household size and consumer spending. Regression analysis with linear regression and fitting was used to determine the relationship between consumer spending and household size with different numbers of children. The results analyze the correlations and test the hypothesis of a significant difference in the types of consumption expenditure in relation to different household sizes (number of children). Results confirm significant differences in consumption expenditure between different household sizes, which confirms the importance of these results.

Higher education quality improvement and economic growth in China

This study presents a transmission mechanism that sheds light on the relationship between higher education quality improvement and economic growth performance. To evaluate this relationship, we employ panel models with a macro-level higher education quality index to investigate national and regional samples of China from 1999 to 2018. Our analysis reveals several key findings: (1) Higher education quality improvement has a direct effect on economic growth, although its contribution to rapid economic growth has been relatively small given the increased enrollment in higher education. (2) Higher education quality improvement has an indirect effect on economic growth via the promotion of technological innovation. (3) Factor inputs on the supply side, market opening on the institutional side, new urbanization, and infrastructure continue to be vital drivers of sustained economic growth. Our empirical results underscore the importance of improving higher education quality for facilitating China’s high-quality development in the new era.

Circular Pathways to Sustainable Development: Understanding the Links between Circular Economy Indicators, Economic Growth, Social Well-Being, and Environmental Performance in EU-27

The transition towards the circular economy (CE) is one of the major priorities of the European Union (EU). By observing its benefits through the prism of sustainable development, this study aims to reveal the intricate relationships between the CE and the economy–society–environment nexus across 27 EU countries during the period from 2012 to 2020. Utilizing an extensive dataset comprising 243 observations drawn from the EUROSTAT database, we employed a panel data analysis. In this research, we quantified the impact of CE indicators on key dependent variables: GDP per capita (economic dimension), mortality, morbidity, and the welfare cost associated with exposure to environment-related risks (social dimension) and greenhouse gas (GHG) emissions in the environmental realm. The findings of our study illuminate the multifaceted connections between circular economy practices and the broader goals of sustainable development within the EU-27 context. The CE indicators aggregated at the EU level not only have a beneficial impact on the economy but also on society and the environment. The analysis reveals that each of the six explanatory variables incorporated into the models exhibits the anticipated relationship with at least one of the outcome variables. This research contributes valuable insights for policymakers, public authorities, and other stakeholders seeking to enhance the circular economy landscape in respective countries.

Factors that Influence Banking Performance in Indonesia

This research aims to examine the influence of ESG Score, NPL, Bank Size, Bank Capital, Liquidity Risk, Bank Liquidity, revenue growth, Bank Leverage, Economic Growth, Inflation, Diversification, Labor Productivity, and ESG Score Moderating on Bank performance, which is shown with the achievement of Return on Assets. The research sample used in this research is banks listed on the Indonesia Stock Exchange for the period 2018 to 2022. Data was taken from time series data which contains data from 2018 to 2022 for the independent variable and bank performance as the dependent variable. The research methodology used is Ordinary Least Squares using Eviews 12 software. The findings and contributions in this research are that ESG Score, Non-Performing Loans, Bank Leverage, Economic Growth, and Inflation influence bank performance. Meanwhile, Bank Size, Bank Capital, Liquidity Risk, Bank Liquidity, and revenue growth do not have a significant effect on changes in bank performance. Bank Leverage, Economic Growth, and Inflation have a positive and significant effect on changes in bank performance, while ESG Score and Non-Performing Loans have a negative and significant effect on changes in bank performance. Banks can take advantage of Bank Leverage, Economic Growth, and Inflation opportunities to improve their performance so that investors are interested in buying bank shares. Low and controlled Non-Performing Loans will increase banking profits, thereby improving the bank's performance. It is hoped that the results of this research can provide input for banks and investors to consider ESG Score, Non-Performing Loans, Bank Leverage, Economic Growth, and Inflation in managing their business and in making investment decisions.

Study Of Economic Growth Factors To Evalate Economic Performance In Central Java Province

The aim of this study is to analyze and assess the economic growth performance in the Central Java Province over the period spanning from 2019 to 2021. The research utilized the Financial Statements of the Regional Government of Central Java Province as the sample and population, covering the period from 2019 to 2022. The quantitative study utilizes a data analysis methodology that entails the examination of regional financial ratios, namely the Independence Ratio, Performance Ratio, SiLPA, PAD Growth, and APBD Growth. The study's findings suggest that the implementation of budget management in Central Java Province has been effective, resulting in the generation of money from multiple Regional Expenditure Budgets (APBD) that were authorized over the period from 2019 to 2022. Regarding poverty rates, the province observed a marginal rise from 10.8% in 2019 to 11.41% in 2020, afterwards followed by a further increase to 11.79% in 2021.