Suchergebnisse

This paper studies the relation between trade policies and economic growth in Ethiopia. The 'human capital model of endogenous growth' developed by Lucas (1988) which takes labor, capital, and education as secondary school enrollment. The Human capital model is augmented with trade liberalization variables of export/GDP and import duty. In the empirical investigation of the aggregate growth function of industrial value added in Ethiopia, cointegration and error correction modeling approaches have been applied to measure the long run and short run determinants of industrial value added. The data of Ethiopia which covers a period of 1971 to 2005 suggest that there is a long run relationship between the industrial value added and its determinant capital, labor, high school enrollment ratio of ratio of real export to GDP, and import duty collection. The short-term dynamics is also estimated using an error correction model (ECM). The estimate shows that all variables including real capital formation, the labor force, human capital, industrial import tariff and ratio of real exports to GDP have emerged as insignificant determinants of industrial value added function in Ethiopia. The policy implication is government should promote trade liberalization policy.

Purpose: The present study concentrates on the relationship of electricitywith real output in Asia. The paper analyzes this connection individuallyamong all regions of Asia. Some countries are selected from Central Asia,East Asia, South Asia and South East Asia. Time period of 1990 – 2015 hasbeen chosen for the analysis. We have considered Solow growth model andhave taken labor and capital as necessary variables for growth. Afterconfirmation of integration of order as 1 for all variables, Kao Cointegrationtest infers presence of long run relationship in all models. FMOLSsuggests that labor and capital are positively significant factors for thedevelopment of real output in all the regions of Asia. Electricity Productionis positively influencing real output in Central Asia, South Asia and SouthEast Asia; For East Asia, it has been stated as negative. On the basis ofresults, study suggests that government should develop more skilled labor,cheap investment opportunities, efficient and cheap electricity production.

Abstract
The aim of this paper is to examine the relationship between money supply, inflation rate, and economic growth in the context of Algeria, using various econometric procedures as co-integration without and with structural breaks in addition to three different ways of causality test for the period 1970-2018, the results confirm the long-run relationship between the variables with more than three structural breaks, but with the absence of the effects of money supply and inflation rate on economic growth both in short run and long run terms, on the other hand, the causality results confirmed the existence of hidden causalities among the variables running from the cumulative components not from the natural series, and all the results support the Monetarist view of inflation though the absence of any effect of money supply on economic growth.

This study examines the impact of institutional Determinants of Foreign Direct Investment (FDI) inflows in MENA (Middle East and North Africa) region during the period 1984-2011. Using panel data techniques by considering two hypotheses of economic interdependencies and structural changes, it is found that the macro determinants like openness, growth rate, exchange rate, and economic instability, and institutional indicators like government stability, investment profile, rule of law, internal and external conflict, have a long-run effect on attracting FDI inflows.