Remittances, Development Level, and Long-Run Economic Growth

Matuzevičiūtė, Kristina; Butkus, Mindaugas

doi:10.3390/economies4040028

Cited by 40 publications

(23 citation statements)

References 63 publications

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“…It can therefore be concluded that the initially lower level of development is conducive to higher dynamics of GDP growth. The variables found in the second and third positions of the ranking, that is, X 2 , gross national savings, and X 12 , gross fixed capital formation, respectively, refer to a similar subject, which can have a considerable impact on the dynamics of economic growth, both theoretically and in practice (Matuzeviciute and Butkus [69], Danileviciene and Lace [70]). Gross fixed capital formation directly demonstrates the proportion of GDP that is further invested, and the gross national savings, understood in the Keynesian approach, can be also ultimately treated as an investment, which is axiomatic in closed economies.…”

Section: Resultsmentioning

confidence: 99%

Sources of Economic Growth: A Global Perspective

2019

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The main goal of this paper is to determine the factors responsible for economic growth at the global level. The indication of the sources of economic growth may be an important element of the sustainable economic policy for development. The novelty of this research lies in employing an analysis based on data, which consist of an average growth rate of the Gross Domestic Product (GDP) for 168 countries for the years 2002–2013. The Bayesian model averaging approach is used to identify potential factors responsible for differences in countries’ GDPs. Additionally, a jointness analysis is performed to assess the potential independence, substitutability, and complementarity of the factors of economic growth. The robustness of the results is confirmed by Bayesian averaging of classical estimates. We identify the most probable factors of economic growth, and we find that the most important determinants are variables associated with the so-called “Asian development model”.

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Section: Resultsmentioning

confidence: 99%

Sources of Economic Growth: A Global Perspective

2019

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“…Cass [52] and Koopmans [53] improved the neoclassical growth model by introducing the optimization analysis of the final consumer, which permitted the determination of the saving rate. The developing countries tend to recover the gap from developed countries through positive economic growth rates, influenced by human capital [54][55][56][57].…”

Section: Methodsmentioning

confidence: 99%

Assessment of the Impact of Bioenergy on Sustainable Economic Development

Bușu

2019

Energies

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The Solow-Swan macroeconomic model reveals the fact that the marginal capital rate of the bioenergy sector, as well as the bioenergy productivity and productivity of the resources variation, having positive values of their estimated coefficients, have the capacity of stimulating the sustainable economic development of an emerging country, such as Romania. The economic model substantiated by the correlations between the macroeconomic indicators evaluates the convergence in relation with the European Union (EU) average. The main objective of this paper is to analyze the impact of bioenergy on sustainable economic development. The econometric analysis revealed the fact that the bioenergy productivity, the productivity of the resources and the capital productivity of the bioenergy sector have a positive and statistically significant impact on the sustainable economic development. Data was collected from The European Statistical Office and analyzed with SPSS 22 statistical software package. Quantitative methods highlight the disparities between developed and developing countries of EU in terms of bioenergy use and efficiency.

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“…The results for the seven countries are similar with the one obtained by Golitsis et al (2018) for Albania, regarding the Granger-causality between Remittances and GDP. Giuliano and Ruiz-Arranz (2009) studying 100 countries, obtained a positive influence of remittances on the economic growth; Siddique, Selvanathan, and Selvanathan (2012), Matuzeviciute and Butkus (2016) and Meyer and Shera (2016) also concluded that the volume of remittances stimulates economic growth for some receiving countries.…”

Section: Robustness Analysismentioning

confidence: 96%

The impact of remittances on the receiving country: some evidence from Romania in European context

Cismaṣ

Curea-Pitorac

Vadasan

2019

Economic Research-Ekonomska Istraživanja

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The objective of this paper is to study the impact of remittances upon the origin country of emigrants. In order to achieve our purpose, we have performed a quantitative analysis by using econometric models to highlight the correlation and the causality between the studied variables. The empirical research focused on two directions: first, we studied if the remittances cycle is more stable over the business cycle than private capital flows and secondly, we analysed the influence of the inflow of remittances on the economic activity in CEE countries, with emphasis on Romania. Our results are in accordance with the recent studies in the field and conclude that the inflow of remittances is more stable over the business cycle but does not stimulate economic growth in Romania.

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Remittances, Development Level, and Long-Run Economic Growth

Cited by 40 publications

References 63 publications

Sources of Economic Growth: A Global Perspective

Sources of Economic Growth: A Global Perspective

Assessment of the Impact of Bioenergy on Sustainable Economic Development

The impact of remittances on the receiving country: some evidence from Romania in European context

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