Relationship between Economic Factors and Economic Growth

Saxena, Himani; Bansal, Prateek

doi:10.2139/ssrn.3319961

Cited by 2 publications

(1 citation statement)

References 2 publications

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“…A study in Pakistan revealed that inflation and productivity had a positive relationship (Hussain & Malik, 2011). Similarly, it has also been shown that inflation and productivity had a positive relationship in India (Saxena & Bansal, 2019). However, differing results occur when looking at Japan (Nagayasu, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

The Relative Importance of Factors Influencing Saudi Arabia's Productivity

Derdab,

AlFadhli,

Almutairi

et al. 2024

Acad. J. Interdiscip. Stud.

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A country's productivity reflects its current economic standing and where it could potentially grow in the future. This paper explains the relative significance of factors affecting the productivity of Kingdom of Saudi Arabia (KSA). The issue of productivity has been raised in the growing diversion of the economic literature to the development side, leaving little research on countries productivity as measured in gross domestic product (GDP), that provides empirical basses for the developmental debates. Eight important factors are researched for their relative explanation of the KSA’s productivity, which include the spendings on i) education, 2) subsidies, 3) research & development, 4) physical capital, 5) health, 6) gender equality, 7) inflation, and 8) openness to trade. These factors are assessed using the Ordinary Least Squares (OLS) and combine autoregressive features with those of moving averages (ARIMA). The study has theoretical implications for raising fresh evidence for the relative importance of these factors of production for developing countries such as KSA. The relative significance of these factors also informs predictions and policy making for the efficient resource allocation of keeping in view the targeted productivity level while chasing developmental objectives, such as those envisioned for 2030 in KSA. Received: 31 January 2024 / Accepted: 16 April 2024 / Published: 5 May 2024

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Section: Literature Reviewmentioning

confidence: 99%

The Relative Importance of Factors Influencing Saudi Arabia's Productivity

Derdab,

AlFadhli,

Almutairi

et al. 2024

Acad. J. Interdiscip. Stud.

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Finance and Development in Bangladesh

Eleje,

Haruna,

Dibal

2023

Econometric Analyses on Global Finance and Economic Development

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This study evaluates the role of finance in the economic development of Bangladesh post-Cold War from 1981-2019. Using the ARDL model and Granger causality test, the findings show that gross fixed capital formation and balance of payment are positive and significant to real gross domestic product (RGDP) in the short run and long run, and a bidirectional relationship exists between them. Foreign direct investment (FDI) has a long-run and short-run negative and significant effect, while external borrowing (EXB) has a long-term positive and significant effect on RGDP. While a bidirectional causality exists between FDI and RGDP, there is no causality between EXB and RGDP. Exchange rates (EXR) have a positive and significant effect, while interest rates (INTR) were insignificant. A unidirectional causality exists between EXR and RGDP whereas no causality exists between INTR and RGDP. The findings of this study, therefore, underscore the relevance of finance in Bangladesh's economy post-Cold War and thus contribute to existing debate on the role of finance in economic development of nations.

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Relationship between Economic Factors and Economic Growth

Cited by 2 publications

References 2 publications

The Relative Importance of Factors Influencing Saudi Arabia's Productivity

The Relative Importance of Factors Influencing Saudi Arabia's Productivity

Finance and Development in Bangladesh

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