Conditions For Economic Growth Research Articles

Export Diversification and Economic Growth of ECOWAS Member States

Research Originality: Using the data of export diversification index which is excluded in previous studies and most the pervious only look at the relationship between ED and GDP, excluding per capita income as basics for development. Again, previous studies results are contradictory on impact of export diversification performance. Additionally, this paper provides robust empirical evidence of a positive effect of export diversification on per capita income growth.Research Objectives: This paper has the objective to examines how export diversification (ED) increase economic growth and per capita income.Research Methods: The paper achieve its objectives using, panel least technique and co-integration test are used on time series data of 1984-2022 for ECOWAS states.Empirical Results: The paper shows that the export diversification index has a significant influence on GDP growth but inverse, however, manufacturing value-added shows weak but a positive influence on the growth per capita income. Again, the paper reveals that high skewness of ECOWAS region to primary products export which could be responsible for the low growth per capita income. The finding of this is not the volume of exported products that matters, but how dynamic is exported products.Implications: The paper therefore recommends ECOWAS countries need to develop processing capability for export that comes from endogenous sufficiency.JEL Classification: C23, F10, O47, O55

Economic growth and regional disparities: A long-term perspective for the state of Sergipe, Brazil

This paper aims to build and evaluate long-term scenarios within the economy of the state of Sergipe so as to identify sectors with a greater capacity to leverage the state's economic growth and mitigate regional disparities. We use a dynamic and inter-regional CGE model, calibrated for the year 2015 and 41 sectors. Our simulations capture he effects of sectorial shocks in the state and explore the direct and indirect effects of such shocks throughout the economy. The main results show that sectors such as Agriculture, Transport, Financial intermediation, and Public Utility Industrial Services all have an above average impact on the state’s GDP and contribute to a reduction in regional disparities.

Study of Power Sector Reforms for Madhya Pradesh Development

AbstractThe nuclear power industry in India plays a significant role in meeting the country's energy demands and fostering economic growth. This research study explores the need for research in the context of India's nuclear power industry, specifically focusing on Madhya Pradesh (MP). The aim is to investigate the potential of nuclear energy as a clean and sustainable resource for economic development in the region. The study considers the interplay between economic growth, resource reduction, and energy consumption within the state.Highlights of the article importance of nuclear energy in India's overall energy mix and its potential for driving economic progress. The Indian nuclear power industry encompasses various sectors, including industrial, transmission, and commercial. Nuclear energy is recognized as a clean and vital economic resource, capable of providing substantial benefits to the national economy.The focus of this research is MP, the largest state in terms of nuclear power generation in India. The state's economic growth depends on several factors, including energy consumption. To achieve significant improvements in resource reduction and sustainable development, it is crucial to examine the role of nuclear power within the state's energy sector.The research study presented in this article addresses the electricity reform of the Madhya Pradesh State Electricity Board (MPSEB). By evaluating the infrastructure and recent discussions surrounding the Chutka Nuclear Power Plant project, which aims to support the energy sector in the Mandla region, this study aims to contribute to the understanding of the potential economic benefits of nuclear power in MP.The findings from this research will provide valuable insights into the relationship between nuclear energy, economic growth, and sustainable development in the Indian context. It will help policymakers, industry stakeholders, and researchers in formulating strategies and policies that promote the effective utilization of nuclear power as a catalyst for economic progress while ensuring environmental sustainability. This study ultimately contributes to the knowledge base required for harnessing the full potential of nuclear energy in India's energy landscape.

Identifying Failure Factors in the Implementation of Residential Complex Projects in Iraq

Residential complexes have witnessed a great demand in most countries worldwide, as they are one of the main infrastructure elements, in addition to achieving a developed urban landscape. However, complex residential projects in developing countries face various factors that could be improved in their implementation, especially in Iraq. Sixty-two experts in residential complex projects were interviewed and surveyed to verify these projects' failure factors,. Fifty-one factors were the main failure factors, divided into four main components (leadership, management system, external forces, and project resources). The Relatively Important Index (RII) is used to determine the relative importance factors and obtain the top twelve factors that cause the optimal failure factors, correspondingly: political interference (87.7%), change in governments (86.5%), partisan politics available (85.6%), Unclear strategic planning (84.3%), inadequate planning (84.3%), lack of materials and equipment (83.3%), the poor obligation for project leaders (82.6%), work suspension due to demonstrations (82.3%), lack of human capacity (81.8%), bureaucracy (81.7%), corruption (81.4%), and misalignment in culture or ethics (81.3%). The achieved RII readings were high for leadership (73.1%), followed by project resources (71.3%), management systems (70.5%), and external forces (69.9%). The study recommended addressing the problems of implementing complex residential projects and solving the crisis to start the state's economic growth phase according to new foundations and standards.

Good Governance and Voluntary Tax Compliance Behaviour in Lagos State, Nigeria: An Empirical Analysis

Globally, Voluntary Tax Compliance (VTC) behaviour level has become a major concern to policy makers, government and tax consultants. Constant loss of tax revenue due to bad governance, mistrust, or misrule are perceived to have adversely affected state economic growth, financial viability and infrastructural development. Many researches have been conducted on VTC behaviour, but not many considered the effect of Good Governance (GG) in their study. This study examined the probable influence of GG on taxpayers VTC behaviour in Lagos state, Nigeria. The study employed survey research design and random sampling techniques. Seven hundred and fifty questionnaire were administered for data gathering while 82.8% response rate was achieved. The study employed descriptive and inferential statistics to analyze the data at 5% level of significance. The study shows that GG positively influenced VTC among individual taxpayers in Lagos state, Nigeria (Adj. R2 =0.101, F(4, 619)=18.35, p=0.000). There was evidence that trust in government, transparency and rule of law have significant relationship with VTC behaviour in Lagos state, Nigeria while accountability has insignificant relationship with VTC behaviour. The study concluded that GG influenced individual VTC behaviour in Lagos state, Nigeria. Therefore, the mechanism for GG should be entrenched to reduce revenue loss. Also government should provide quality service with timely rendering of government account for citizens informed decision. Tax law should be simple, fair, and unambiguous. Above all, tax revenue should be invested on public goods of utmost importance while tax payment culture should be institutionalized.

An Investigation into the Challenges and Opportunities of Rural Entrepreneurship in the State of Tamil Nadu

Rural entrepreneurship has come into view as a pivotal mechanism for trade and industry progress and advancement in Tamil Nadu, India, in recent years. This abstract provides an overview of the face and prospects that define rural entrepreneurship in the state. Challenges in Rural Entrepreneurship: Rural entrepreneurship in Tamil Nadu faces a set of daunting problems, including limited access to financial resources, infrastructural impediments, difficulties in accessing markets, skill deficiencies, limited access to finance, infrastructural challenges, market access and skill gaps, opportunities in rural entrepreneurship, government initiatives, agricultural diversification, technology adoption, rural-urban linkages and social entrepreneurship. While rural entrepreneurship in Tamil Nadu certainly grapples with significant challenges, there is a bright outlook for the future. With the right support in terms of financial accessibility, improved infrastructure, skill development, and favourable government policies, rural entrepreneurs have the potential to make substantial contributions to the state's economic growth and development while enhancing the quality of life in rural regions.

An econometric analysis of sectorial contribution to economic growth of Goa

The study delves into the economic dynamics of Goa over a 26-year period, examining sector-wise contributions and their implications for the state's economic growth. Leveraging secondary data from credible sources like the RBI Handbook of Statistics and the Census Report, the research utilized various statistical tools including cointegration analyses, correlation studies, and causal inferences to explore relationships among Agriculture, Industry, Manufacturing, and Services vis-a-vis the state's Net State Domestic Product (NSDP). The findings reveal a significant shift in Goa's economic landscape, with a decline in the Agricultural sector's contribution, a steady ascent of the Service sector, and consistent roles played by Industry and Manufacturing. The statistical analyses depict the Manufacturing sector as statistically insignificant in influencing long-term economic growth. The research emphasizes the need for strategic interventions to rejuvenate the manufacturing sector for a more substantial contribution to Goa's economic growth. Additionally, the study highlights the vulnerability of Goa's economy to diverse factors and recommends balanced growth strategies across sectors to ensure sustained and diverse economic development in the state. Overall, this research contributes to a nuanced understanding of Goa's economic evolution and presents key insights into its economic trends and the interplay between different sectors and economic growth dynamics.

Research on the Impact of Eurozone Monetary Policy on EU Economic Growth

The Greek government-debt crisis is a representative topic that shows the inflexibility of the monetary policy of the ECB and how it can harm the Greek economy in considering different economic conditions. The inflexibility of monetary policy shows the disadvantages of a one-fits-all solution carried out by the ECB in EU 27 and EU15. This study aims to analyze the impact of eurozone monetary policy on its member states and to what extent the inflexibility of monetary policy can be detrimental to a states economic growth and price stability. The empirical test and case study are carried out for further analysis, and the results indicate the important role of inflexible monetary policy in the case of the Greek government-debt crisis and its further impact on the steady economic growth of Germany. The ECBs monetary policy is revealed to be volatile and uncertain, which brought undesirable economic growth outcomes for the Eurozone. However, considering the complexity of integrated monetary union and the previous case of Greece, exiting the Eurozone is not the best solution to recover economic growth.

APPLICATION OF SINGULAR SPECTRUM ANALYSIS METHOD IN FORECASTING INDONESIA COMPOSITE DATA

The wellbeing of the public is a key state objective. To attain this objective, developments are required, including economic development. Economic development can be initiated by enhancing a state's economic growth, as it describes the state's economic conditions. Forecasting future economic conditions is one of the things that may be done to ensure economic stability. Investment business can be utilized as indicators, with the Indonesia Composite Index (ICI) being one of them. Singular Spectrum Analysis (SSA) is one of the available techniques for forecasting. Due to the fact that SSA is non-parametric, no assumptions must be met, resulting in high performance and adaptability. Thus, SSA will be utilized for forecasting ICI. The ICI data utilized is obtained from Yahoo Finance. On the basis of the forecasting result for the closing price of ICI from March 2, 2020 to March 28, 2022 using SSA, which yielded MAPE values of 1.59% for training data and 4.84% for testing data, it can be inferred that this method is accurate. The outcome also revealed that the tendency tends to rise over the next few periods.

Does political propaganda matter in mitigating climate change? Insights from the United States of America

Some research on climate change has been the basis of climate change denialism (hereafter, CCD is used to refer to denial, denialism, and deniers). There is formative knowledge about the role of political propaganda in climate policies and resulting outcomes. To contribute to the understanding of political ideology and the extent of CCD, we adopt econometric techniques to study the impact of the United States of America's withdrawal from the Paris Agreement. The results show that ideological political propaganda has psychological and philosophical consequences that impact climate change policies. In addition, we find that the effect of a state's economic growth on climate change is mediated by CCD. In particular, low-income capitalist states have a higher propensity to become CCDs because they are more likely to engage in economic expansion even at the expense of environmental sustainability. Global climate change policies depend on high-income nations and industries' willingness to adopt economic policies to achieve sustainable future development. Thus, this study fills the literature gap on the relationship between political ideology and climate change. The findings show that CCD significantly influences voting patterns and socioeconomic outcomes. It impedes states from achieving net-zero emissions and carbon neutrality and it is used as a political propaganda. Subject to these findings, relevant policy suggestions are offered.

Implementasi Program Pendaftaran Tanah Sistematis Lengkap, Kota Surabaya

The government has conducted the program of systematic and complete land registration (PTSL) in order to have a legal certainty guarantee and protection of human rights in owning land fairly and evenly, as well as to encourage the state economic growth generally and the community economy in Indonesia. The registration system is regulated by the Ministry of Agrarian and Spatial/ the head of BPN No.12 in the Year 2017 regarding the acceleration of systematic and complete land registration. The study examines the implementation of the PTSL program in Surabaya. This is a literature study that describes and analyzes by using policy implementation theory in George C. Edward III. The variables are communication, resources, disposition, and bureaucratic structure. The results explain that Surabaya has conducted a PTSL program which is begun from 2017 to recent years. The program continues to be carried out, so that the implementation of PTSL program in Surabaya has been done properly. The supporting factors in PTSL implementation re communication, i.e. the definite program, and bureaucratic structure in Standard Operating Procedure (SOP). Whereas, the inhibiting factors are the human resources, for example, the staff, budget, and the information. In addition, human resource is the most inhibiting factor in the process of PTSL implementation in Surabaya. The study also suggests that it is important to have management information system in land registration for supporting PTSL implementation.

Does the Composition of Fiscal Deficit Matter for Economic Growth at the Sub-National levels? An Empirical Analysis for India

Does the Composition of Fiscal Deficit Matter for Economic Growth at the Sub-National levels? An Empirical Analysis for India

The Ascension of India to the Position of a Global Soft Power

India's political aspirations are rising along with its economy, which is seeing phenomenal growth. By utilizing resources and soft power tools, the nation is attempting to strengthen its position in the world. India is relearning this art by referring to its ancient traditions and drawing on its vast cultural heritage. The state's armory also includes references to democracy and religious diversity. The state's foreign policy has also been refocused on fostering and preserving positive relationships with other nations in order to assist the state's economic growth. Soft power tools are becoming increasingly important, particularly when it comes to culture and values. When combined with Pacific policies, this has created an excellent opportunity to use soft power. In terms of how governments define and use their authority, the power dynamics of soft nation-states have significantly changed in the twenty-first century. Governments are forced to invest substantially in both their soft and hard power matrices because the political world of today is becoming more linked. Due to the status of global politics, India now has a stronger possibility than ever before of playing a significant role in international affairs. The election of Prime Minister Narendra Modi has altered public perceptions of the perils of religious militarism in India and throughout the world. Due to the rising popularity of Hindutva rights, these rights have grown in popularity. The capacity of a country to carry out its foreign policy goals and objectives without using force is referred to as "soft power." It remains a crucial component of foreign policy, with or without the application of "hard power," which can refer to techniques like the use of force or other very effective diplomatic measures. International and bilateral diplomacy can make use of hard power to tell a bigger story. This broad subject involves economic, social, and even civilizational factors in equal measure. Everything begins with messaging, which can be done through normal channels like news conferences and speeches or through the many media outlets that are available in today's hyper-connected society. The main focus of this article is the ascension of India to the position of a global soft power.

The Urgency of Indonesian Sustainable Palm Oil Certification for Oil Palm Plantation Companies in the State's Economic Growth

The government is working on Indonesian Sustainable Palm Oil Plantations by issuing various regulations, both through the Presidential Regulation of the Republic of Indonesia Number 44 of 2020 concerning the Certification System for Indonesian Sustainable Palm Oil Plantations, as well as through the Regulation of the Minister of Agriculture Number 38 of 2020 concerning Implementation of Plantation Certification Indonesian Sustainable Palm Oil so that the oil palm plantation business obtains results that are economically feasible, socio-culturally feasible and environmentally friendly and increase the competitiveness of industrial palm oil products for the international market. The study method is normative juridical. In this study, an approach is used by identifying research objects and a statute approach. Based on the results of the study, the Government of Indonesia continues to make efforts for oil palm plantation companies to carry out ISPO certification. The government also issued various regulations to accelerate ISPO certification. It is suggested to the government continue to make efforts and be serious about accelerating ISPO certification by implementing various regulations that have been issued, including the Regulation of the Minister of Agriculture of the Republic of Indonesia Number 18 of 2021 concerning the Facilitation of Development of Community Gardens in Surroundings, in addition to issuing the Regulation of the Minister of Agriculture of the Republic of Indonesia Number 03 of the Year 2022 concerning Development of Human Resources, Research, and Development, Rejuvenation, as well as Facilities and Infrastructure for Oil Palm Plantations and several regions a Team for the Acceleration and Supervision of ISPO certification has been formed so that it has an impact on the country's economic growth.

How Renewable Energy Affect Economic Growth in a Member State of the European Union? VECM Evidence from the Netherlands

How Renewable Energy Affect Economic Growth in a Member State of the European Union? VECM Evidence from the Netherlands

Renewable versus non-renewable: The role of electricity generation to economic growth

This paper examines the effects of electricity generation from both types of energy sources on sustainable state economic growth. For the analysis, this paper uses the panel data set for 47 U.S. states from 1999 to 2017 by employing the two-step Generalized Methods of Moments model. The results show that renewable energy generation has a positive impact on state economic growth whereas non-renewable energy generation may hampers economic growth. This supports that development of renewable energy resources helps not only reducing average costs to generate electricity but improving environmental quality as zero emission resources, which enhances productivity. Even though non-renewable energy can create economic benefits as a main factor of production, burning fossil fuels generates air pollution, which directly threatened labor and capital productivities. In other words, non-renewable energy generation does not help sustainable economic development, unless the economic gains exceed the productivity losses arose from the negative environmental externalities. Furthermore, this paper finds that the effects of renewable energy generation on economic growth are different at a level of development stage: at an early stage, electricity generation from renewable energy resources hurts economic growth while at an advanced-stage, renewable energy helps to grow the economy. The results imply that the very low operating costs for renewable energy could offset the huge financial burden of high initial investment costs in the long run.

Panel Data Analysis in Investigation The Economic Growth of Turkic States

Bu çalışmanın amacı bazı Türk devletlerinin ekonomik büyümesini makroekonomik değişkenler kullanılarak bu değişkenler arasındaki ilişkiyi incelemektir. Bu çalışmada dünya bankasından elde edilen makroekonomik veriler ile 2000-2018 yılları arasında Türk dünyasında yer alan bazı ülkelerin ekonomik durumu incelenmiştir. Seçili değişkenler ile ekonomik büyüme arasındaki ilişki panel eşbütünleşme testi ile analiz edilmiştir. Eşbütünleşme testinden (cointegration test) önce verilerin homojenliği test edilmiş, verilere çeşitli yatay kesit bağımlılık testleri uygulanmış ve paneli oluşturan yatay kesitlerin birbiri ile bağımlılığı incelenmiştir. Son olarak da Common Corelated Effects Model testi uygulanmıştır. Yapılan Swamy S testi ile değişkenlerin homojen olduğu belirlenmiş ve serilerde yatay kesit bağımlılığının olduğu tespit edilmiştir. Sonrasında değişkenlerin durağanlığı incelenmiş düzey değerlerde durağan olmadıkları ancak birinci farklarda durağan oldukları belirlenmiştir. GSYİ ile E, Ar-Ge, GSYİ büyüme oranı arasında uzun dönemli anlamlı bir ilişki olduğu belirlenmiştir. Ancak GDP ile PA arasında ise uzun dönemli anlamlı bir ilişki olmadığı görülmüştür.

Case Study of Traffic Forecasting of Nh-3 (New Nh 848) Section, Vadape to Thane

On account of the recent thrust on developing and improving highways in order to boost national economy, the government of India recognizes that the expansion and development of efficient road network is one of the pre-requisites for country’s economic development. The rate of traffic growth had always been a significant concern in the development of road infrastructures over the years, as it could either lead to premature failure of the pavement or could result in the wastage of valuable resources. The present study attempts on forecasting future traffic growth on Vadape-Thane section of NH-3 (New NH-848) from 539.200 to 563.00 km. In this research, traffic growth rate forecasting is done with the help of part registration of vehicle, economic growth of state and nation, socio-economic parameters, future economic growth, transport demand elasticity. The job of traffic forecasting becomes subjective and approximate with the hindrances of availability of proper data and fluctuation of economic parameters.

Information-communication policy of the state in crisis conditions. Current state, problems, prospects

Effective democracy requires effective mechanisms for society to influence public authorities. Interaction between government and citizens, active public participation in decision-making is the key to sustainable development, prosperity, and stability of state institutions, social programs, and economic growth. Political leadership and effective communication of the action plan to the public promote public order and security. In this paper, we explore the current state of information policy in a crisis. We used general scientific and special methods such as historical and philosophical, systemic, comparative. In the first part, we consider philosophical approaches to the concept of communication and the role of the state in shaping information policy. The second and third parts are devoted to specific examples of such policies within two countries: Ukraine and Azerbaijan. In conclusion, we argue that there are currently complex challenges for the information policy of both countries. This is especially true of health problems caused by the coronavirus pandemic and armed conflict. Differences in the prospects of regulating the information field of the two countries are caused by economic factors and political conditions. The ways of information society development on the example of each of the countries are considered.

Government Allocation and Economic Growth: An Empirical Evidence from States in Malaysia

Academic researchers are still interested in government fiscal management and its economic consequences. The impact of federal government fiscal policy on the economy has gotten a lot of attention. Nonetheless, little is known about state-level fiscal management. The main goal of this research is to investigate the relationship between state government fiscal and economic growth across Malaysia's states. We also investigate the economic impact of the federal government's contribution on each state's budget allocation. We identified disparities in federal funding. We use a panel dataset that spans 13 Malaysian states and ten years, from 2008 to 2017. We found that government spending drives growth in domestic products for most state governments using the panel autoregressive distributed lag (ARDL) model. The Granger causality test reveals that state government spending and federal allocation to states significantly impact Malaysian state economic growth. In general, our empirical evidence backs up Wagner's theory.