Timeseries data for the period 1990 2011 were used to examine the impact of inflation on economic growth. Education, for instance, has a strong effect on labour productivity. The international economic development council iedc is a nonprofit membership organization serving economic developers. Poli tical instability and economic growth the harvard community has made this article openly available. It is the most generalinterest journal among those specializing in economic theory. The journal of economic theory publishes original research on economic theory. Even after some tax policies the tax authority has put in place over the few years such as the e payment scheme, tax identification number. From the longrun analysis, the study found that inflation is positively related to economic growth.
Most downloaded journal of development economics articles. The journal of economic growth serves as the principal outlet for research in the fields of economic growth and comparative economic development. Regular supplementary volumes are devoted to topics of central importance to both modern theoretical research and present economic reality. A first step towards a theory of innovation, the journal of economic history march 1970, pp.
It is a learned society, founded in 1890 to promote the study of economic science. Taxation of corporations and their impact on economic. Human capital, social capabilities and economic growth mdpi. Pdf drivers of economic growth in developing countries. The origins of endogenous growth american economic association. Determinants of economic growth in v4 countries and. The impact of taxation is integrated into growth models by its impact on the individual growth variables, which are capital accumulation and investment, human. Resource determinants of economic growth in africa.
In the presence of wage rigidities and unemployment, instead. A contribution to the theory of economic growth robert m. Model of economic growth the economic journal oxford academic. Growth theories highlight the evolution and trends in economic thought that shaped the way economic growth is perceived. Global journal of management and business research volume xiv issue v version i. This paper reexamines healthgrowth relationship using an unbalanced panel of 17 advanced economies for the period 187020 and employs panel generalised method of moments estimator that takes care of endogeneity issues, which arise due to reverse causality. In particular, there is assumed to be a fixed supply of land which is a necessary input in production. International trade and its impact on economic growth. China, indonesia and malaysia fazleen abdul fatah nasuddin othman shamsiah abdullah abstract this paper aims at analyzing the main elements of successful performance in economic growth among developing nations in east asia particularly china, indonesia and malaysia.
The economic growth is also the process that allows the receding of phenomena with a negative economic and social impact, like unemployment or inflation. Moreover, despite the singular severity of the great depressiongdp per person fell by nearly 20% in just 4 yearsit is equally remarkable that the great depression was temporary. The role of human capital eric hanushek stanford university april 20 abstract the focus on human capital as a driver of economic growth for developing countries has led to. This model was developed by robert solow, who in 1987 received the nobel prize for this model and other contributions to the theory of economic growth. Economic growth is the most powerful instrument for reducing poverty and improving the quality of life. It is also one of nine core journals in all of economics. Bulletin of the transilvania university of brasov series v. Taxation of corporations and their impact on economic growth. This journal focuses on marketing, management, finance, accounting, decision. Business and economics journal open access journals. A key ingredient in nearly all of these models is malthusian diminishing returns. A historical appraisal of mexico, argentina, and brazil. Volumes and issues listings for journal of economic growth. They used disaggregated analysis in an attempt to unravel the impact of government expenditure on economic growth.
Jones january 7, 2002 this collection of references is, by its nature, incomplete and always growing. The journal strives to respond in four months from receipt of the manuscript. Introduction the last decade has been an extraordinarily good one for developing countries and their mostly poor citizensso good in fact that it has become commonplace to look upon them as potential saviors of the world economy. The royal economic society is one of the oldest and most prestigious economic associations in the world. Timeseries data for the period 1990 2011 were used to examine the impact of inflation on economic gro wth. According to haller 2012, economic growth is, in a limited sense, an increase of the national income per capita, and it involves the analysis, especially in quantitative terms, of this process. The journal of economic growth serves as the principal outlet for theoretical as well as empirical research in economic growth and dynamic macroeconomics. The focus on human capital as a driver of economic growth for developing countries. Published in volume 8, issue 1, pages 322 of journal of economic perspectives, winter 1994, abstract.
Article pdf available in journal for studies in economics and. This paper describes two strands of work that converged under the heading of endogenous growth. Motivated by this controversial, this study examined the impact of inflation on economic gro wth and established the existence of inflation growth relationship. Pdf the impact of stock market performance upon economic growth. The assumption that there is a uniquely correct or at least a.
But, obviously, a durable economic growth sustains human development. The nigerian economy recently has been plunged into recession. This paper examines the impact of the drivers of economic growth in. The emphasis is on quantitative or analytical work, which is novel and relevant. According to leszek balcerowicz, economic growth is a process of quantitative, qualitative and. The economic journal is one of the founding journals of modern economics first published in 1891. Mea surement of economic growth, tasks of economic history, supplement to the journal of economic history, vii 1947, pp. All journal articles featured in international economic journal vol 34 issue 1. Public debt and economic growth in advanced economies 179 swiss journal of economics and statistics, 20, vol. More specifically, the editors encourage the submission of high quality papers that are concerned with the theoretical or empirical aspects of the following broadly. The journal publishes high quality research examining neoclassical and endogenous growth models, growth and income distribution, human capital, fertility, trade, development, migration, money, the political economy, endogenous.
Public debt and economic growth in advanced economies. The study has shown that infrastructure is an intermediate goods and service for the real sector and a finished goods and service for consumers. Journal of demographic economics welcomes both empirical and theoretical papers on issues relevant to demographic economics with a preference for combining abstract economic or demographic models together with data to highlight major mechanisms. The role of taxation in promoting economic growth in nigeria is not fully felt, and optimal tax is not been realized that can engine economic growth primarily because of its poor administration. More specifically, each of the various components of human development is likely to have a distinct impact on economic growth. Apr 21, 2020 did the 2008 global financial crisis influence the host country corruption and inward foreign direct investments relationship. Nicholas kaldor, a model of economic growth, the economic journal, volume 67, issue 268, 1 december 1957. Especially taxation of corporations has great importance because a corporate tax.
The journal publishes high quality research that explores the growth process in the contemporary period as well as over the entire course of human history. Economic developers promote economic wellbeing and quality of life for their communities, by creating, retaining and expanding jobs that facilitate growth, enhance wealth and provide a stable tax. Since its inception in 1979, the journal of macroeconomics has published theoretical and empirical articles that span the entire range of macroeconomics and monetary economics. Model of economic growth the economic journal oxford. Infrastructural development and economic growth in nigeria. Afro asian journal of social sciences volume 4, no. The neoclassical model of economic growth describes an economy in which a single homogeneous output produced two inputs. From the longrun analysis, the study found that inflation is positively related to economic growth, whereas. We utilise macroeconomic data corresponding to inflation, government expenditure, trade and schooling in sample countries that takes. The relationship between tourism and economic growth. The aim of this paper is to evaluate the impact of individual types of taxes on the economic growth by utilizing regression analysis on the oecd countries for the period of 20002011. Journal of business and economic development science. Kaldors growth theory journal of the history of economic. The journal is an onlineonly periodical and is published by the center for global trade analysis.
Journal of global economics focuses on a wide range of topics related to economics, banking, business management, economic development and the sustainable economic policies, egovernence, financial puzzles, macro economics, micro economics, social economics, stock market, foreign exchange policy, immigration, trade policy, global economic. The question is how strong the correlation between openness and economic growth is. Journal of social and economic development in addition to high quality contributions on economic modelling with a strong theoretical and conceptual foundation, the journal aims to discuss issues that involve promulgating inclusive growth, promoting viable institutional structure and good governance i. Motivated by this controversial, this study examined the impact of inflation on economic growth and established the existence of inflation growth relationship. A model of economic growth, the economic journal, volume 67, issue 268, 1 december 1957, pages 591624. Specializing in mathematical economic theory, journal of economics focuses on microeconomic theory while also publishing papers on macroeconomic topics as well as econometric case studies of general interest. This is as a result of over dependence on imports, falling prices of oil revenue, low.
Arising from the mixed results in existing literature on the relationship between stock market development indicators and economic growth for both developed and developing countries, this study sets out to reexamine the relationship between stock. Did structural change account for productivity growth within manufacturing during the import substitution era. Business and economics journal is a scholarly open access journal that caters to a vast sections of the professionals who are economists, policy makers, entrepreneurs, managers of middle and higher management level, academicians and researchers of the business and management studies and the students that pursue business and economics as core. Impact of inflation and economic growth on unemployment in. Journal of competitiveness taxation of corporations and their impact on economic growth.
Institutional change and economic growth the journal of. Impact of inflation and economic growth on unemployment in sri lanka. Pdf impact of international trade on economic growth in. American international journal of social science vol. With more than 5,000 members, iedc is the largest organization of its kind. Jan 29, 2015 the aim of this paper is to evaluate the impact of individual types of taxes on the economic growth by utilizing regression analysis on the oecd countries for the period of 20002011. Understanding the mechanisms of economic development. Globalization, institutions and economic growth 2007 the central lesson from the past 50 years of development research and policy is that economic growth is the most effective way to pull people out of poverty and deliver on their wider objectives for a better life. The journal of development economics publishes original research papers relating to all aspects of economic development from immediate policy concerns to structural problems of underdevelopment. Agricultural inputs and their effects in economic development open access. The recent inflation crisis and longrun economic growth. Various growth models have been developed to explain the transition from stagnant living standards for thousands of years to the modern era of economic growth. Your story matters citation alesina, alberto, sule ozler, nouriel roubini, and phillip swagel. The last decade has seen an outburst of growth models designed to replace the conventional solow growth model, with its exogenous trend of technical progress, by more realistic models that generate increasing returns to labor, capital andor scale as a result of endogenous technical progress.
The journal remains one of the top journals in the profession and provides a platform for high quality, innovative, and imaginative economic research, publishing papers in all fields of economics for a broad international readership. Panel data analysis on nuts 2 regions in turkey 20042011 the aim of this study is to examine the impact of foreign trade on regional. The journal publishes high quality research that explores the growth process in the contemporary period as. This study focuses on the impact of recession on economic growth in nigeria from 1980 to 2017. From the result, it is clear that infrastructure is an integral part of nigeria economic growth.
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