Determinants of industrial development: a panel analysis of South Asian economies

Abstract

A well performing industrial sector plays an important role in poverty mitigation, unemployment reduction, trade promotion, exchange of goods and services, increased per capital income and GDP growth etc. Numerous studies have investigated the institutional financial performance and their outcomes for emerging states predominantly in perspective of South Asian and African economies. Nonetheless, after global financial crisis and fall of Bretton wood system a new debate was generated to re-examine the issue after implementa-development of South Asian region economies. The study also discussed the models from policy perspective and provides recommendations for the policy makers to improve or redesign favorable policies based on findings.

Assessing the Performance and Factors Affecting Industrial Development in Indian States: An Empirical Analysis

“…Sankaran et al (2020) have identified the impact of macro-economic variables on manufacturing output in India using national-level data. Finally, taking a broader view, Maroof et al (2019) have assessed the determinants of industrial development in South Asian countries, and Singh, Singh, and Ashraf (2020) have examined the impact of STDI, IPPI and SEDI on manufacturing value added in 41 developed and developing countries.…”

“…Existing studies have used different variables, such as gross output, gross value added, employment and share of industrial sector in GDP, to define the industrial development of a country (Maroof et al, 2019;Mohsen, Chua, & Sab, 2015;Sankaran et al, 2020). Industrial output is significantly associated with the number of factories, number of industrial workers, education level of workers, skills and knowledge of workers, number of start-ups, infrastructure development, financial development, credit to industries, research & development (R&D) activities, science & technological development, oil price, inflation, exchange rate, exports and imports, government policies, availability of raw materials, foreign direct investment, foreign trade, and intellectual property rights (Maroof et al, 2019;Mohsen et al, 2015;Sankaran et al, 2020;Singh et al, 2019;. The agricultural sector meets the industries' requirements for raw materials; thus, industrial output is also positively associated with growth of the agricultural sector (Mohsen et al, 2015).…”

“…Industrial development supports the creation of jobs for skilled and unskilled laborers, increases the production scale of industries, generates physical and capital assets, creates new markets, increases the capacity of enterprises to absorb raw materials produced by the agricultural sector, develops infrastructure, generates tax revenue for the government, generates foreign currency through exports of goods and services produced by industries, promotes foreign trade, increases per capita gross domestic product (GDP) and income, and reduces the poverty and income inequality in a country (Maroof, Hussain, Jawad, & Naz, 2019). The growth of the industrial sector also contributes…”

The Significance of Stock Management to Jet Fuel Supply Using Partial Least Squares

“…The stock related data of the seven depots for a 6 month period were analysed to identify the importance of each one of them at the depot level to the global performance of the business. The unidirectional relationship between parameters was evaluated in order to determine the significant predictors of the overall business performance (Maroof et al, 2019). The following input parameters were initially considered Closing Stock, Net Stock, Stock Variations, Product Receipt, Product Transfer, and Sales for each of the depots, and with each progression in the analysis parameters having covariance issues were dropped on per depot case bases in compliance with standard SEM analysis procedure.…”

Effects of technological changes and trade liberalisation on industrial development in the Western Balkan Countries

“…inflows significantly promote industrial growth in developed and developing countries. The work byMaroof et al (2019) is particularly important in terms of more recent empirical researches. Using Granger's Causality Test and Panel A.R.D.L.…”