Determinants of economic growth: Panel data analysis of OPEC

Pekarčíková, Kateřina; Vaněk, Michal; Sousedíková, Radmila

doi:10.1016/j.resourpol.2022.103129

Cited by 8 publications

(4 citation statements)

References 17 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The same research results for Income Inequality and Economic Growth are put forward (Caraballo et al, 2017) dan (Wolde et al, 2022) for the short term. Unemployment negatively affects economic growth and this is in line with research (Pekarčíková et al, 2022) (Pekarčíková et al, 2022), (Alla, Hysa, & Çela, 2022). Crime has a negative and significant effect on economic growth and this is in line with the results of research (Ahmad et al, 2014) for the long term and (Lubbock et al, 2022), (Torres-Preciado et al, 2017) dan (Nairobi et al, 2021).…”

Section: Esupporting

confidence: 84%

How to Determinant Economic Growth In Java Island

Yolanda

Suharto

Murti

et al. 2023

TSSJ

View full text Add to dashboard Cite

This study aims to provide an emperical picture of the relationship between Investment, Local Original Income, Income Inequality, Unemployment and Crime against Economic Growth of provinces in Java Island using panel data from 2006 to 2021. By using the panel data regression model method, namely the one-way model. Based on the results of data analysis, variables that have a positive and significant effect on economic growth are Investment, Regional Original Income, Income Inequality. And the effect of Unemployment and crime on Economic Growth is significant and negative. Meanwhile, the form of relationship that occurs from all variables to economic growth is inelastic which is shown by the value of a small regression coefficient of one. For this problem it is recommended that local governments make policies that are for investment, local original income, income inequality, unemployment and crime that encourage greater economic growth.

show abstract

Section: Esupporting

confidence: 84%

How to Determinant Economic Growth In Java Island

Yolanda

Suharto

Murti

et al. 2023

TSSJ

View full text Add to dashboard Cite

show abstract

“…By studying the relevant literature, we have identified some of those common economic determinants that affect economic growth and run a robustness check on our findings in this paper. Those determinants are international trade (Chen and Feng, 200;Bruns and Ioannidis, 2020;Vedia-Jerez and Chasco, 2016), inflation (Chen and Feng, 2000), unemployment (Pekarcikov, Vanek and Sousedikova, 2022), capital accumulation (Lee and Hong, 2022;Vedia-Jerez and Chasco, 2016), and domestic investment and government spending (Hossain and Mitra, 2013). Chen and Feng (2000) find positive impact of high-volume international trade on the economic growth while negative impact of inflation on the economic growth in China.…”

Section: Other Determinants Of Economic Growthmentioning

confidence: 99%

Exchange Rate Volatility and Economic Growth in Eurozone Markets

Robbani

2024

Bulletin of Applied Economics

View full text Add to dashboard Cite

Firms involved in foreign trade (exports and imports) are generally sensitive to fluctuations in the exchange rates and carefully take it into consideration while planning their future trading. In this paper, we study the inter-relationship between exchange rate volatility and economic growth in the Eurozone markets. Specifically, we study how volatility of a country’s foreign currency exchange rate affects economic development. For an economy that is heavily dependent on foreign trade, its overall economic productivity may be affected by fluctuation of its currency with the currencies of the trading partners. We investigate this relationship between the GDP growth rates of twenty Eurozone countries with the exchange rate volatility of thirteen developed countries. Our results indicate that GDP growth rates of most of the Eurozone countries are generally affected by exchange rate volatility of its trading partners. Most of these impacts are negative indicating that the GDP growth rates of the Eurozone countries decline with the volatility of the exchange rates of trading partners. The result is consistent with the findings of previous literature in this area. Our findings are important for the policymakers to consider in planning the management of their currencies to minimize the negative effect of exchange rate volatility.

show abstract

“…The independent variables used for the extended versions of the DiD regressions are chosen in line with their relevance in the literature. Employment, as well as human capital, are considered important predictors of economic wealth, as demonstrated by the papers of Chlebisz and Mierzejewski (2020); Stoica et al (2020); Pekarčíková et al (2022); Simionescu et al (2017), and Teixeira and Queiros (2016). Gross fixed capital formation is also positively associated with economic growth (Fetahi-Vehapi et al, 2015;Darma, 2020;Das and Titiksha, 2020;Poku et al, 2022), while government expenditures present mixed results in the literature when analyzing their relationship to GDP.…”

Section: Difference-in-differencementioning

confidence: 99%

Russia’s military conflict against Ukraine and its impact on the European Union’s wealth. Can good governance counteract the effects of the war?

Negri

Dincă

2023

Front. Environ. Sci.

View full text Add to dashboard Cite

Russia’s war against Ukraine, which originated in the midst of the COVID-19 pandemic, is undoubtedly one of the defining events of this current period, expected to exert a significant impact on the entire world’s economies. This study aims to determine whether the conflict between Russia and Ukraine has a significant impact on European Union (EU) Member States, particularly on the economic output of the EU countries, in the post-pandemic context. Difference-in-difference methodology alongside panel data econometric techniques are used to study the relationship between the effects of war, reflected in the deepening energy crisis, inflation, limited trade relations, restructuring of governmental expenditures, and the migrant crisis, together with economic freedom and governance quality as elements of neoliberal doctrine, and the economic wealth of EU Member States for the 1995–2021 period. In light of current research, the results prove that war has a significant impact on the economic output of the European Union structure, especially for the EU countries that rely the most on Russia’s energy imports. Using the difference in difference analysis, the impact of war on gdp_cap is evaluated as a drop in economic output of −405.08 euros per capita in the considered European countries. Applying panel regression analysis, defense and military expenditures, inflation, lack of trade openness, and increased levels of energy dependence negatively impact economic growth in the EU economies. In addition, this study provides essential information for public officials in order to prepare the EU economy for the recovery from war shocks in the forthcoming period, taking into account the study’s policy recommendations regarding energy reliance, restructuring public expenditure, prioritizing investment, and improving governance quality.

show abstract

Determinants of economic growth: Panel data analysis of OPEC

Cited by 8 publications

References 17 publications

How to Determinant Economic Growth In Java Island

How to Determinant Economic Growth In Java Island

Exchange Rate Volatility and Economic Growth in Eurozone Markets

Russia’s military conflict against Ukraine and its impact on the European Union’s wealth. Can good governance counteract the effects of the war?

Contact Info

Product

Resources

About