Structural change and economic growth in selected emerging economies

Zulkhibri, Muhamed; Naiya, Ismaeel Ibrahim; Ghazal, Reza

doi:10.1108/ijdi-09-2014-0064

Cited by 11 publications

(12 citation statements)

References 43 publications

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“…A set of studies showed fiscal decentralization has an effect on economic capacity, such as by Pitsvada and LoStracco (2002) and Elmassri et al (2016); yet, different findings are expressed by Ebdon et al (2016); Luehlfing (1996) and Bracci et al (2014), who indicated a non-significant relationship. The next research gap is the impact of fiscal decentralization against public welfare, for which Singh and Mahajan (2015) show significant and positive relationships, whereas Zulkhibri et al (2015); Raimi and Adeleke (2009); Salih (2003) and Doessel and Williams (2014) show contradicting results. This present study aims to fill the gap of previous studies, as well as to comprehensively examine the impact of fiscal decentralization toward good governance, economic capacity, and welfare.…”

Section: Introductionmentioning

confidence: 99%

The implications of fiscal decentralization and budget governance on economic capacity and community welfare

Purbadharmaja

Maryunani

Ananda

et al. 2019

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Purpose The purpose of this study is to investigate the relationship between government and Balinese society in tax decentralization through budgeting seem to insignificantly improve the welfare of Balinese society. Design methodology/approach This research was conducted in Bali Province involving eight regencies and one city. The data used in this study were secondary data, derived from relevant institutions or from websites through internet browsing and other documentations in the form of official reports/publications, such as regional budget, accountability reports, regional regulations and documents on budget and development of the regional economy. The present research used the partial least squares analysis technique. Findings Fiscal decentralization does not necessarily lead to better budget management. The success of fiscal decentralization can be found in the quality of the regional budget and the quality of budget management. The allocation of the regional budget for public service improvement and the development of infrastructure will increase the economic capacity of the regions. Improvement in regional economic capacity encourages the improvement of community welfare. Originality/value This income inequality points to the issue of fiscal capacity. The development of the financial role of district/city regions in the Province of Bali remains at a level gap with the development level of community welfare. During this period, the financial role of the government as estimated from the ratio of the national budget to the regional budget is higher than that of the society development. The acceleration role of the government is not proportional to the development of Human Development Index outcomes.

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Section: Introductionmentioning

confidence: 99%

The implications of fiscal decentralization and budget governance on economic capacity and community welfare

Purbadharmaja

Maryunani

Ananda

et al. 2019

View full text Add to dashboard Cite

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“…They found that industrial growth rate is the major cause of increasing economic growth, agriculture has no role while services have a negative effect which supports the Baumol effect. Zulkhibri et al (2015) found a long-run association between the two variables for their selected 5 emerging countries. Opoku and Yan (2018) found industrialization as an important booster of economic growth in African.…”

Section: Empirical Reviewmentioning

confidence: 91%

“…A variety of empirical studies exist that seek validation of the structural change nexus with productivity and growth. However, a concrete conclusion cannot be drawn yet as the literature provides mix results (Zulkhibri et al, 2015;Vu, 2017). For a better comprehension, the study follows Ahson et al (2017) who categorized the literature into two types: one is decomposition methodology and second is regression-based studies.…”

Section: Empirical Reviewmentioning

confidence: 99%

Role of Structural Change in Economic Growth: An Empirical Evidence from a Panel of Asian Countries

Riaz

Hussain

Bhatti

2020

Lib. Arts Soc. Sci. Int. J.

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Economic growth, although being a major quest of all the economies, is not an automatic phenomenon. Among its determinants, structural change in the form of reallocation of labour from low to high productivity sectors is of crucial importance. In view of the remarkable growth performance and unprecedented structural change of Asia in the last couple of decades, this paper empirically investigated the case of 20 selected Asian countries. By employing the data spanning from 1991 to 2018, the study shows three main results. First, by employing Shift Share Analysis framework, it reaffirms the findings of previous literature that structural change contributes to the aggregate productivity growth. Second, by utilizing Generalized Methods of Moments technique, the results find it to be an important booster of growth. Third, the results are reliable and consistent with alternative measures of structural change like Norm of Absolute Values and Modified Lilien Index. Taken together, these findings suggest that the governments in Asia (other regions like Africa and Latin America may alike) must chalk out policies for structural change promotion.

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“…Economic development, on the other hand, involves upscaling the social framework and systems, which is not limited to education, healthcare, power distribution, and cultural attitudes (Salem Press, 2017;Brinkman, 1995). It also involves moving resources from low to high productivity areas, a process involving a series of structural transformations (Zulkhibri et al, 2015). Though GDP growth alone cannot lead to structural transformation and economic development, economic growth cannot happen before the required infrastructural and institutional structures are in place (Salem Press, 2017;Brinkman, 1995).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Systematic Review of the Factors Impacting the Agro-processing Sector Towards Economic Growth & Development: A Case for Ghana

2022

JESD

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In Ghana, the processing of agricultural raw materials into intermediate and secondary, agro-processing, is largely small-scale and informal. Formalizing and expanding the agro-processing sector to increase the share of manufacturing value-add (MVA) on the Gross Domestic Product (GDP) of Ghana is an ongoing struggle. It is also unclear what the impeding growth factors are and what the leaders of Ghana are doing to rapidly fix this fundamental economic problem. This study aimed at bridging the gap between evidence-based research (EBR) and practice to fundamentally understand the growth factors that impact the agro-processing sector of Ghana towards economic growth and development. EBR is a scientific process of gathering the best available evidence to inform evidence-based practice (EBP). EBP requires the use of scientific, accountable, and explicit methods to gather credible and quality evidence for management decision-making. The systematic review methodology, which fits the rationale for EBR, was used to aggregate credible, quality, and best available evidence to help leaders in Ghana and management practitioners to make decisions on why the agro-processing sector of Ghana is still weak and undeveloped today, despite being known as a haven for agricultural raw materials. Thematic synthesis was used to aggregate evidence from 31 included articles, resulting in 7 analytical themes that directly addressed the overarching research question, "What growth factors impact the agro-processing sector of Ghana for economic growth and structural transformation". Theme 1 categorized the growth factors impacting the agro-processing sector into 17 endogenous (e.g., knowledge management, technology, and innovation capability, access to capital, etc.) and 3 exogenous concerns (e.g., the influence of external organizations (e.g., International Monetary Fund (IMF), Foreign Direct Investments (FDI), etc.). Themes 2-7 addressed aspects of economic growth and structural transformation. Though this study was limited by time and the databases used to search for relevant scholarships, it rigorously informed management decision-making on how the agro-processing sector could be used to drive economic and structural transformation in Ghana and other resource-rich developing countries across the globe.

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Structural change and economic growth in selected emerging economies

Cited by 11 publications

References 43 publications

The implications of fiscal decentralization and budget governance on economic capacity and community welfare

The implications of fiscal decentralization and budget governance on economic capacity and community welfare

Role of Structural Change in Economic Growth: An Empirical Evidence from a Panel of Asian Countries

Systematic Review of the Factors Impacting the Agro-processing Sector Towards Economic Growth & Development: A Case for Ghana

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