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Global Capital Mobility: Some New Empirical Evidence
Anisul M. Islam,
Muhammad Mustafa,
Matiur Rahman
Issue:
Volume 4, Issue 5-1, September 2015
Pages:
1-7
Received:
1 July 2015
Accepted:
2 July 2015
Published:
13 August 2015
Abstract: Using Saving-Investment relationship as indirect evidence of global capital mobility, this paper empirically examines the capital mobility hypothesis using new data for forty developing countries. The paper utilizes annual data over 1960-2013 period, the longest time period of 54 years for as many developing countries ever used with a panel sample size of 2,160 (40 x 54) annual observations, the longest time periods and largest cross-sections ever used previously. For this study, panel regression analysis was used to estimate the relationship and then use the relationship to test some hypothesis regarding the capital mobility. The study finds evidence of partial capital mobility among the sample developing countries, and the degree of capital mobility was found to be stronger than that originally found by Feldstein and Horioka
Abstract: Using Saving-Investment relationship as indirect evidence of global capital mobility, this paper empirically examines the capital mobility hypothesis using new data for forty developing countries. The paper utilizes annual data over 1960-2013 period, the longest time period of 54 years for as many developing countries ever used with a panel sample ...
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China’s Path to Sustainable, Stable and Rapid Economic Development: From the Largest to the Strongest Manufacturing Country
Issue:
Volume 4, Issue 5-1, September 2015
Pages:
8-19
Received:
29 June 2015
Accepted:
30 June 2015
Published:
13 August 2015
Abstract: The global manufacturing trade comprises 70% of the total trade, and the manufacturing export from China comprises 93% of the country’s total export. This paper explores the importance of continuously maintaining a strong manufacturing industry for China’s future economic development. It emphasizes that in order to be a world economic leader, China must first have the strongest manufacturing industry; it then discusses the ways to achieve that objective
Abstract: The global manufacturing trade comprises 70% of the total trade, and the manufacturing export from China comprises 93% of the country’s total export. This paper explores the importance of continuously maintaining a strong manufacturing industry for China’s future economic development. It emphasizes that in order to be a world economic leader, China...
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Globalization: Some Controversies and Its Humanization
Matiur Rahman,
Prashanta K. Banerjee
Issue:
Volume 4, Issue 5-1, September 2015
Pages:
20-26
Received:
30 June 2015
Accepted:
2 July 2015
Published:
13 August 2015
Abstract: This paper studies the issue of interactive reinforcements among per capita real GDP, literacy rate and life expectancy invoking pooled OLS. Annual data from 2000 through 2013 are employed for selected twenty Asian countries. The results reveal strong interactions among the above three variables underscoring the importance of human capital and longer longevity of people in enhancing economic well-being. Polices towards improving them will put a human face on globalization
Abstract: This paper studies the issue of interactive reinforcements among per capita real GDP, literacy rate and life expectancy invoking pooled OLS. Annual data from 2000 through 2013 are employed for selected twenty Asian countries. The results reveal strong interactions among the above three variables underscoring the importance of human capital and long...
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The Challenges Faced Across South-south Cooperation
Issue:
Volume 4, Issue 5-1, September 2015
Pages:
27-32
Received:
9 July 2015
Accepted:
17 July 2015
Published:
13 August 2015
Abstract: South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mutual solutions for common constraints faced by development of the state. Connected by likenesses in their development settings and challenges, the nations of the South have been ever more vigorous in cooperating with each other in terms knowledge sharing, technology exchange, and common programme formation and collective action initiation. Consequently, SSC aims to stimulate self-reliance among the countries of global south and to reinforce their economic relationships. This paper analyses the performance of various countries as a participant in the south-south cooperation and makes an investigation into the challenges faced by them in the due course. Budgets of southern contributors have been investigated and analysis has been made to evaluate the contributions made by various countries to other developing economies. It has also been taken into account that how much has been the impact of the donor participant on the receiving country’s economy. The study concludes the findings in form of the challenges faced by south-south cooperation, the most predominant of which emerges due to the lack of a universally accepted definition of the term south-south cooperation. The paper also makes suggestions to the contributors to overcome those challenges
Abstract: South-South cooperation (SSC) elucidates the cooperation made by developing countries to find mutual solutions for common constraints faced by development of the state. Connected by likenesses in their development settings and challenges, the nations of the South have been ever more vigorous in cooperating with each other in terms knowledge sharing...
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The Causality between Economic Growth and the Environmental Quality: Implementing the Hsiao Causality Test Using Regression Model and Artificial Neural Network (ANN)
Morteza Hasanshahi,
Majid Zare
Issue:
Volume 4, Issue 5-1, September 2015
Pages:
33-39
Received:
21 June 2015
Accepted:
26 June 2015
Published:
13 August 2015
Abstract: The aim of the present study was to determine the causality between economic growth and environmental quality. The variables under study were economic growth, government expenditure, openness degree of the economy, capital stock, population, average export of contaminants, and carbon dioxide (CO2) emissions during the time period from 1977 to 2010 for the Iranian economy. The results suggested that there is a two-way relationship between economic growth and environmental quality. Besides, economic growth was found to have the greatest impact on air pollution. It was also noted that the artificial neural network (ANN) produces better results (estimates) in most cases than the regression model
Abstract: The aim of the present study was to determine the causality between economic growth and environmental quality. The variables under study were economic growth, government expenditure, openness degree of the economy, capital stock, population, average export of contaminants, and carbon dioxide (CO2) emissions during the time period from 1977 to 2010 ...
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Higher Education for Economic Progress in a Global Framework with Special Reference to Bangladesh
Muhammad Mahboob Ali,
Vichayanan Rattanawiboonsom,
Sudhir K. S. Yadav
Issue:
Volume 4, Issue 5-1, September 2015
Pages:
40-52
Received:
1 July 2015
Accepted:
8 July 2015
Published:
13 August 2015
Abstract: Globally education is the important factor to access in the market driven force which changes economic benefits. Higher education is adding value in the process of economic advancement of a country. The study raised the question to examine the impact of higher education of Bangladesh in the process of raising economic productivity. This study also assesses the standard of higher education of Bangladesh and further evaluates impact of higher education on economic productivity of the country. An opinion poll was conducted. The study recommends that quality of education should be maintained and more investment in the higher education ought to be provided from the budgetary allocation. Bangladesh needs global education which should have international benchmark so that society can improve in efficient and effective manner. If return on invested capital in education becomes efficient and effective for adding value and creating corner stone which ultimately helps to attain competitive advantage. To ensure quality education, pedagogy should be designed in such a way that fulfillment of global as well as domestic needs are possible following the standard curricula with practical exposure and outcome based teaching and learning system
Abstract: Globally education is the important factor to access in the market driven force which changes economic benefits. Higher education is adding value in the process of economic advancement of a country. The study raised the question to examine the impact of higher education of Bangladesh in the process of raising economic productivity. This study also ...
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The Wage Effect of Informal Sector in Developing Countries
Tchakounté Njoda Mathurin,
Abdoul Karim
Issue:
Volume 4, Issue 5-1, September 2015
Pages:
53-62
Received:
30 May 2015
Accepted:
24 June 2015
Published:
13 August 2015
Abstract: A theoretical model of wage effect of informal sector has been developed with special reference of informal sector. The implication of the theory in the context of a model of a competitive labour market where the wage impact of informal employment is influenced by such factors as the elasticity of product demand, the rate at which the consumer base as workers enter informal sector, the elasticity of supply of capital, and the elasticity of substitution across inputs of production. The analysis reveals that the short-run wage effect of informalisation is negative in a wide array of possible scenarios, and that even the long-run effect of informalisation is positive, but may be negative if the impact of informalisation on the potential size of the consumer base is smaller than its impact on the size of the workforce. These predictions are then empirically validated using two different measures of the size of the informal sector. The results are shown to be robust with respect to a variety of econometric regressions
Abstract: A theoretical model of wage effect of informal sector has been developed with special reference of informal sector. The implication of the theory in the context of a model of a competitive labour market where the wage impact of informal employment is influenced by such factors as the elasticity of product demand, the rate at which the consumer base...
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