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The impact of agriculture trade and exchange rate on economic growth of Pakistan: an NARDL and asymmetric analysis approach Ciência Rural
Ali,Imad; Khan,Imran; Ali,Hashmat; Baz,Khan; Zhang,Qiangqiang; Khan,Ajab; Huo,Xuexi.
ABSTRACT: This study contributes to the extant literature on the nexus among agriculture export, import exchange rate and economic growth in Pakistan. We used annual time series data for 1980-2017 and employ the Non-linear Autoregressive Distributed Lag (NARDL) model. The NARDL testing results affirms asymmetric co-integration among the variables. The study main results show: (i) Co-integration test for long run the positive shocks in export and import have positive significant while exchange rate has positive effect the economic growth. (ii) Co-integration test for short run the positive shocks in import has positive significant and while Export and exchange rate have negative significant effect on economic growth. The symmetrical results show: (i) Export...
Tipo: Info:eu-repo/semantics/article Palavras-chave: Economic growth; Agricultural export products; Agricultural import products and exchange rate; NARDL; Asymmetric relationship; Pakistan.
Ano: 2020 URL: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-84782020000400931
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Construcción de portafolios de portafolios. Colegio de Postgraduados
Arana Ovalle, Roxana Ivette.
Se propone una estrategia de inversión para el “pequeño inversionista ” en los mercados de valores internacionales con los instrumentos denominados ETF. Se trata de un trabajo empírico que utiliza la Teoría Moderna del Crecimiento de la Economía, la Teoría Moderna de Construcción de Portafolios y la Teoría de distribución de probabilidades. De esta forma conjuga a la economía en su sentido puro, a las finanzas en su desarrollo teórico práctico y a la estadística con sus desarrollos metodológicos, para construir una estrategia que aporta al inversionista suficiente información para realizar inversiones alrededor del mundo, obteniendo atractivos rendimientos y al mismo tiempo minimizando el riesgo. Los resultados de la aplicación de la estrategia, muestran...
Palavras-chave: Inversión; Mercados internacionales; ETF; Crecimiento económico; TMP; Investment; International stock market; Economic growth; MTP; Small investors; Pequeño inversionista; Maestría; Estadística.
Ano: 2010 URL: http://hdl.handle.net/10521/218
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Construcción de portafolios de portafolios. Colegio de Postgraduados
Arana Ovalle, Roxana Ivette.
Se propone una estrategia de inversión para el “pequeño inversionista ” en los mercados de valores internacionales con los instrumentos denominados ETF. Se trata de un trabajo empírico que utiliza la Teoría Moderna del Crecimiento de la Economía, la Teoría Moderna de Construcción de Portafolios y la Teoría de distribución de probabilidades. De esta forma conjuga a la economía en su sentido puro, a las finanzas en su desarrollo teórico práctico y a la estadística con sus desarrollos metodológicos, para construir una estrategia que aporta al inversionista suficiente información para realizar inversiones alrededor del mundo, obteniendo atractivos rendimientos y al mismo tiempo minimizando el riesgo. Los resultados de la aplicación de la estrategia, muestran...
Palavras-chave: Inversión; Mercados internacionales; ETF; Crecimiento económico; TMP; Investment; International stock market; Economic growth; MTP; Small investors; Pequeño inversionista; Maestría; Estadística.
Ano: 2010 URL: http://hdl.handle.net/10521/218
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Análisis del impacto del crecimiento económico en función del capital humano, internet y empleo en México. Colegio de Postgraduados
Jiménez García, Martha.
Tomando como referencia al Banco Mundial que indica la necesidad de fomentar las habilidades de las Tecnologías de la Información y la comunicación (TIC) en todos los sectores, especialmente porque un aumento de las conexiones de internet impulsa el crecimiento del PIB. El propósito de esta investigación es impulsar el crecimiento económico en función del capital humano, del internet y del empleo. Se trabajó con la serie de datos de los años 1991 – 2010, con un modelo econométrico que se resolvió con ecuaciones simultáneas, con el método de mínimos cuadrados en tres etapas. Dicho modelo se basó en la función Cobb-Douglas bajo el modelo Solow. Como resultado se encontró un impacto positivo en el crecimiento económico con las variables estudiadas (capital...
Palavras-chave: Crecimiento económico; Capital humano; Internet; Empleo; Tecnologías de la información y la comunicación; Economic growth; Human capital; Labor; Information and communication technologies; Economía; Doctorado.
Ano: 2014 URL: http://hdl.handle.net/10521/2280
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Growth Diagnostics and a Multisector Ramsey Model: The Case of Brazil AgEcon
Vinyes, Cristina; Roe, Terry L..
Disenchantment with the Washington Consensus has led to an emphasis on growth diagnostics. In the case of Brazil, the literature suggests three main factors impeding growth: low domestic savings, a shortage of skilled workers, and lack of investment in the country’s transportation infrastructure. The unique contribution of this study is to show the inter-temporal implications of relaxing these constraints. We fit a multi-sector Ramsey model to Brazilian data, validate its fit to times data, and provide empirical insights into the economy’s structural transformation to long-run equilibrium. Then, the sensitivity of these results to relaxing each of these three constraints is investigated in a manner that yields the same long-run level of well- being....
Tipo: Report Palavras-chave: Economic growth; Ramsey; Growth diagnostics; International Development; O11; O41; O54; D58.
Ano: 2010 URL: http://purl.umn.edu/56502
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Growth and Human Development: Comparative Latin American Experience AgEcon
Ranis, Gustav; Stewart, Frances.
This paper seeks to examine the interdependence between economic growth (EG) and human development (HD). It is concerned with changes in per capita income and its two-way relationship with the basic societal objective of human development. Regressions across various Latin American countries are run for 1960-92. Country performance is separated into virtuous/vicious cycles or HD/EG lopsidedness. The study makes an attempt to correct the commonly held view that ensuring increases in economic growth automatically leads to advances in human development. Human development has to occur prior to or simultaneous with improvements in economic growth, if a country is to reach a virtuous cycle. The Latin American experience indicates that a balanced approach to...
Tipo: Working or Discussion Paper Palavras-chave: Human development; Economic growth; Latin America; Labor and Human Capital; O18.
Ano: 2001 URL: http://purl.umn.edu/28376
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Sustainable Development and Intergenerational Equity: Issues Relevant to India and Globally AgEcon
Tisdell, Clement A..
As outlined, recurring concerns have surfaced since the 1700s that economic growth may prove to be unsustainable. These concerns have been expressed again and have intensified in recent decades but their foundation differs from that of Malthus. The rapid economic growth of China and India have added to these worries. Recent discussions by economists of the desirability of achieving sustainable economic development have mainly focused on measures to attain intergenerational equity in resource use and the dominant view is that each succeeding generation should be at least as well-off as its predecessor. While this is said to be an implication of Rawls’ principle of justice, this dominant rule does not fully reflect Rawls’ principle and it also can violate...
Tipo: Working or Discussion Paper Palavras-chave: China; Economic growth; India; Intergenerational equity; Rawls’ principle of justice; Sustainable economic development; Consumer/Household Economics; Environmental Economics and Policy; Institutional and Behavioral Economics; International Development; O13; O44; Q01.
Ano: 2010 URL: http://purl.umn.edu/97470
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Natural Disasters in a Two-Sector Model of Endogenous Growth AgEcon
Horii, Ryo; Ikefuji, Masako.
This paper studies sustainability of economic growth considering the risk of natural disasters caused by pollution in an endogenous growth model with physical and human capital accumulation. It is shown that economic growth is sustainable only if the tax rate on the polluting input is increased over time and that the long-term rate of economic growth follows an inverted V-shaped curve relative to the growth rate of the environmental tax. The social welfare is maximized under a positive steady-state growth in which faster accumulation of human capital compensates the productivity loss due to declining use of the polluting input.
Tipo: Working or Discussion Paper Palavras-chave: Natural disasters; Human capital; Endogenous depreciation; Economic growth; Environmental Economics and Policy; Resource /Energy Economics and Policy; O41; O13; E22.
Ano: 2010 URL: http://purl.umn.edu/97337
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SOCIAL CAPITAL AND ECONOMIC GROWTH: A COUNTY-LEVEL ANALYSIS AgEcon
Rupasingha, Anil; Goetz, Stephan J.; Freshwater, David.
The effect of social capital on economic growth is examined using linear regression analysis and U.S. county-level data. Results reveal that social capital has a statistically significant, independent positive effect on the rate of per-capita income growth.
Tipo: Journal Article Palavras-chave: Economic growth; Social capital; U.S. counties; Institutional and Behavioral Economics; International Development.
Ano: 2000 URL: http://purl.umn.edu/15318
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POVERTY, POLICY, AND THE MACROECONOMY AgEcon
LeBlanc, Michael.
This report is an empirical inquiry into how poverty is changed by the macroeconomy. The analysis suggests low real wage rates and not the unemployment rate are the most important determinant of poverty in the long run. Changes in output and unemployment primarily affect cyclical or shortun poverty. The empirical results weaken the belief that output growth acting alone will significantly and permanently reduce poverty in the United States. Instead, the results suggest combining economic growth strategies with targeted interventions that may lie outside the traditional sphere of monetary and fiscal policy.
Tipo: Report Palavras-chave: Poverty; Unemployment; Wages; Economic growth; Food Security and Poverty; Labor and Human Capital.
Ano: 2001 URL: http://purl.umn.edu/33584
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DETERMINE THE KEY FACTORS OF THE AGRARIAN ECONOMIC GROWTH IN THE 21TH CENTURY IN HUNGARY AgEcon
Czarl, Adrienn.
Economic growth is the top economic and political priority of world leaders. Countries with significant rate of development are higher ranked and serve as models for the developing countries and for the economies in transition. As an EU member, Hungary needs to close up the gap also in case of the agriculture. After analysing the period 1994-2004 the major factor among supports influencing growth is investment subsidies ahead of current flow supports such as Supports to reduce the cost of agricultural production. Irrespective of the alternating periods, the gradients established in the statistical analyses and the results from the study of elasticity along the period justify one of the basic tenets of modern economics: in order to achieve the bigger...
Tipo: Journal Article Palavras-chave: Economic growth; Agriculture; Influence; Subsidy; EU; Agribusiness; Agricultural and Food Policy.
Ano: 2007 URL: http://purl.umn.edu/58901
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The Roles of the Environment and Natural Resources in Economic Growth Analysis AgEcon
Toman, Michael.
The primary aim of this paper is pedagogical. We first present and discuss a "wiring diagram" framework in order to elucidate the general links between economic growth and "natural capital." After developing the general framework, we develop parallel frameworks applicable to several specific sectors of the economy (agriculture, forestry, and manufacturing). Two appendices provide a mathematical formulation of the economy-wide framework and a brief historical review of the role of natural resources and the environment in economic growth theory.
Tipo: Working or Discussion Paper Palavras-chave: Economic growth; Natural resources; Sustainable development; Resource /Energy Economics and Policy; Q00; O1.
Ano: 2003 URL: http://purl.umn.edu/10510
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Role of innovation in growth of countries AgEcon
Tejinder, Sara.
The paper discusses the role of innovative capability in growth of a country by arguing that in the long run, a nation’s higher order competitive advantage can be built only with innovation. The paper also identifies eight determinants of innovation capability of a country. The discussion of these eight determinants should be useful for policy makers in countries attempting to promote economic growth by improving the productivity of the firms in their countries.
Tipo: Journal Article Palavras-chave: Innovation; Economic growth; Productivity of the firms; Innovative firms; Innovation capability of a country.; International Development; Research and Development/Tech Change/Emerging Technologies; O10; 021; 031; 038.
Ano: 2010 URL: http://purl.umn.edu/94611
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The Role of Income Growth in Emerging Markets and the BRICs in Agrifood Trade AgEcon
Haq, Zahoor Ul; Meilke, Karl D..
This study develops an import demand model to explore the role of income in explaining the trade performance of low, middle and high-income countries with a special emphasis on Brazil, Russia, India and China – the BRIC economies. The study estimates the impact of the growth in per capita income on the trade of agrifood products using data for 52 countries and 20 agrifood products for the years 1990 to 2006. The results suggest that China, Russia and Brazil have more income elastic import demand than other middle-income countries. Conversely, the income elasticities of import demand in India are similar to other low-income countries and for the most part statistically equal to zero.
Tipo: Working or Discussion Paper Palavras-chave: Emerging economies; BRIC economies; Food trade; Income elasticities; Economic growth; Agricultural and Food Policy; International Development; International Relations/Trade.
Ano: 2009 URL: http://purl.umn.edu/48122
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Financial Development and Economic Growth: Experiences of Selected Developing Economies AgEcon
Ahmed, Syed; Horner, James; Rafiq, Rafiqul Bhuyan.
The last two decades of the twentieth century witnessed a series of financial reforms in emerging economics of Asia, Africa and Latin America. The seminal works of R.I. McKinnon and E.S. Shaw, which attribute the slow growth of these economies to financial repression, inspired many of these reforms. The McKinnon-Shaw thesis demonstrates how government regulations cause low savings and investment, and ultimately engender financial repression. Financial liberalization, in this view, creates market-based incentives and promotes economic growth. The objectives of the paper are to (1) track financial development and critically review financial liberalization measures in the emerging economies of Brazil, Mexico, and Thailand, and (2) investigate...
Tipo: Journal Article Palavras-chave: Financial liberalization; Financial deepening; Financial development ratios; Economic growth; Per capita GDP; Financial Economics; International Development.
Ano: 2008 URL: http://purl.umn.edu/50014
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Economic Growth and Agro-environmental Fragility——Based on the Provincial Panel Data Analysis AgEcon
Xiong, Wen.
The agro-environmental fragility of 31 provinces and regions (except Hong Kong, Macao and Taiwan) of our country during the years 1978-2004 is measured by adopting the method of principal component analysis. With the support of analytical model of panel data, regressive analysis is achieved from the aspects of introducing regional differences, not introducing regional differences, existing industrial differences and not existing industrial differences respectively. The conclusion points out that there are both industrial and regional differences in the economic growth effect on the environmental fragility; these differences are reflected on the industrial or regional development levels. The higher the development level it is, the less the effect it is when...
Tipo: Journal Article Palavras-chave: Economic growth; Agro-environmental fragility; Principal component analysis, China; Agribusiness.
Ano: 2010 URL: http://purl.umn.edu/101899
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Paths to Success: The Relationship Between Human Development and Economic Growth AgEcon
Boozer, Michael A.; Ranis, Gustav; Stewart, Frances; Suri, Tavneet.
This paper explores the two-way relationships between Economic Growth (EG) and Human Development (HD), building on an earlier work by Ranis, Stewart, and Ramirez (2000). Here, we show that HD is not only a product of EG but also an important input to it. The paper develops new empirical strategies to estimate the strength of the two-way chains connecting HD and EG. Building on existing growth literature, we explore the empirical determinants of positive growth trajectories running from HD to EG and find that HD plays an essential role in explaining growth trajectories. Our findings point to the empirical relevance of endogenous growth models in general, and threshold effect models in particular. We also develop a measure of the strength of the EG to HD...
Tipo: Working or Discussion Paper Palavras-chave: Human development; Economic growth; Threshold models; Labor and Human Capital; O15; O57; C23.
Ano: 2003 URL: http://purl.umn.edu/28379
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Resource Abundance, Poverty and Development AgEcon
Bulte, Erwin H.; Damania, Richard; Deacon, Robert T..
The negative correlation between resource endowments and GDP growth remains one of the most robust findings in the empirical growth literature, and has been coined the “resource curse hypothesis”. The policy consequences of this result are potentially far reaching. If natural resources are an inescapable curse, this may imply that countries richly endowed with natural resources can only develop by turning their backs on their comparative advantage and diversifying into other non-resource based activities. This paper analyzes whether the negative statistical relationship between natural resource abundance and economic growth spills over to other important economic and social indicators. The impact of resource wealth on several proxies of economic...
Tipo: Working or Discussion Paper Palavras-chave: Resource abundance; Economic growth; Developing countries; Cross-country analysis.; Food Security and Poverty; Q2; Q3; O13; O47; O57.
Ano: 2004 URL: http://purl.umn.edu/23803
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The Effects of Biotechnology Policy on Trade and Growth AgEcon
Oehmke, James F.; Maredia, Mywish K.; Weatherspoon, Dave D..
Despite the clear influence of European Union biotechnology restrictions on trade patterns, very little work has been done to model these influences or their long-run effects. This paper presents an economic trade theory model of biotechnology, biotechnology research and development (R&D), and biotechnology regulation. The model analyzes the impact of European Union consumer preferences on production and consumption of biotechnology products, the level and national origin of biotechnology R&D, trade patterns, and growth. The results indicate that developing countries may become the major producers of biotechnology agricultural products if they can establish the necessary legal infrastructure; and that European biotechnology regulations effectively...
Tipo: Journal Article Palavras-chave: Biotechnology; Economic growth; International trade; Regulation; Research and development; Research and Development/Tech Change/Emerging Technologies.
Ano: 2001 URL: http://purl.umn.edu/23872
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Energy, Environment and the Sustainability of Economic Development in China AgEcon
Fang, Xingming; Hu, Xiaoping; Wang, H. Holly.
Whether the high economic growth of China is sustainable is the matter of interest to the public, government and academic circle of China and meanwhile it catches the attention of the world because the development of China has been exerting increasing impact on the world economy. Since the high economic growth of China has been promoted by heavy and chemical industry (HCI) to a great extent, which resulted in high consumption of energy resource, high consumption of mineral resources and high emission of pollutants (the “triple highness”), the sustainability of high economic growth of China depends on a sustainable growth road for China’s HCI and effective control on the “triple highness”. We find that the contributing factors of the “triple highness” are...
Tipo: Conference Paper or Presentation Palavras-chave: Economic growth; Energy; Resource; Pollution; International Development; Resource /Energy Economics and Policy; O10; O11.
Ano: 2008 URL: http://purl.umn.edu/6274
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