Drivers of Global Economy

Varnavskii, V.

doi:10.20542/0131-2227-2020-64-7-5-16

Cited by 8 publications

(3 citation statements)

References 17 publications

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“…Ethiopia, Kenya, Tanzania, and Uganda lead the growing performance of the subregion with an average growth rate of 6 percent per annum, reinforced by infrastructure investments and an enhanced commercial situation. Strong essentials tolerate the growth of the Kenyan economy, with the services area increasing and infrastructure plans supporting development in the long term (Varnavskii, 2020).…”

Section: Introductionmentioning

confidence: 99%

Impact of International Trade on Economic Growth in Kenya

Ali¹

2023

IJEF

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This paper investigates the impact of international trade on the economic growth of Kenya by using the autoregressive distributive lag model (ARDL) approach with long-run and short-run coefficients, bound tests, and an error correction model. The study further adopts significant exchange rate, export, import, and gross domestic product (GDP) effects on Kenyan economic growth. The augmented dickey Fuller (ADF) test for unit root revealed that the series was of a different order, differing at the level and first differing to check stationarity to meet the intended goals. Data sources included World Bank and IMF data from 1970 to 2019. The result revealed that the exchange rate and import are positively associated with the gross domestic product (GDP), the exchange rate is positive and statistically significant, and export is negatively related to the gross domestic product (GDP) and is statistically insignificant. To boost exports, Kenya must continue its bilateral, regional, and international trade activities; offer technical and funding provisions to micro, small, and medium-sized initiatives in value chains and companies manufacturing the identified talented export goods; and support the progress of market- and product-specific initiatives.

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Section: Introductionmentioning

confidence: 99%

Impact of International Trade on Economic Growth in Kenya

Ali¹

2023

IJEF

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“…Influenced by globalization, computerization, and digital technologies, the issue of labour force effectiveness becomes topical (Varnavskii, 2020). Human capital is the basis for sustainable economic development (Kolmykova & Merzlyakova, 2019).…”

Section: Introductionmentioning

confidence: 99%

Innovative Models Of Human Resources Reproduction

Rudenko¹

2021

European Proceedings of Social and Behavioural Sciences

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“…O. Borokh [5] notes that China's capabilities were not initially accepted in the West, and that one of the reasons for China's dominance in the international arena is directly related to the very concept of its domestic policy, and the leading role of the state in the governance, including the economic sector. The dependence of transport infrastructure and economic development in general, and in China in particular, is considered in the paper by V. Varnavsky [6]. China's dominance in the sphere of weapons and the ways that helped achieve this goal are analyzed in detail in the paper by V. Kashin [7].…”

Section: Introductionmentioning

confidence: 99%

Political and legal support of ensuring security and sustainable development of CIS member countries

2021

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CIS member countries are interconnected by both historical, cultural and economic components. Russia and China, as two global actors, influence the economic situation and security in the CIS. The purpose of the paper is to identify the dependence of the CIS member countries on Russia and China, as well as to identify dependence of the economic development of the member states on import of armaments. Applying a regional approach, as well as analyzing economic indicators, supplies of weapons and presence of the military industrial complex production and service enterprises, we can define Belarus and Kazakhstan as the states with the largest share of foreign (Russian and Chinese) investments and weapons in their home markets. The Russian Federation stands out in the general context of dominance throughout the CIS. There are also Russian geopolitical interests, which include protection of external borders by ensuring security and stability in the member states bordering third countries. Chinese interests are focused mainly in the border area, namely, Chinese interests in Central Asia. The growing influence of global actors in the region, which is ensured through their investments in industry, military supplies and setting up new production complexes, establishes an ever closer relationship among the nations of the region. Thus, such an influence may lead certain CIS member countries to closer integration with China and Russia in the future, namely, to create bilateral alliances with a higher degree of dependence on global actors in comparison with other CIS member countries.

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Drivers of Global Economy

Cited by 8 publications

References 17 publications

Impact of International Trade on Economic Growth in Kenya

Impact of International Trade on Economic Growth in Kenya

Innovative Models Of Human Resources Reproduction

Political and legal support of ensuring security and sustainable development of CIS member countries

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