Sustaining Economic Growth in <scp>COMESA</scp>: Challenges and Prospects

Adika, Gameli

doi:10.1002/ijfe.2153

Cited by 7 publications

(3 citation statements)

References 35 publications

(35 reference statements)

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“…1) Due to the special characteristics of the sports industry, there is a certain instability and uncertainty in its economic growth process, and the variability of the economic variable growth rate of the sports industry has obvious characteristics and features [20]. The variable growth rate of the sports industry is affected by a variety of factors, including the strength of policy support, the fluctuation of market demand, and the intensity of competition in the industry.…”

Section: Theoretical Hypothesis Constructionmentioning

confidence: 99%

The Relationship between Structural Upgrading and Economic Growth of Sports Industry Based on AD-AS Modeling

Wang

2023

Applied Mathematics and Nonlinear Sciences

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This paper determines the structural upgrading measurement indexes of the sports industry by analyzing the metrics from three perspectives: industrial structure advancement, rationalization, and coordination. With reference to the AD-AS model in economics, it introduces the positive exchange factor to improve the comprehensive supply model, utilizes the pressure factor and the negative exchange factor to improve the comprehensive supply-demand model, and obtains the improved SAD-SAS model. Based on the equilibrium relationship between aggregate supply and aggregate demand, five hypotheses regarding influence are proposed. The results show that the output growth rate fluctuation coefficient of the sports industry is 0.25-0.45, and the time, robust, and spatial elasticity economic growth volume shows a stable incremental curve with the incremental increase of time, which illustrates that the structural upgrading of the sports industry and the economic growth is a positive effect significant relationship.

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Section: Theoretical Hypothesis Constructionmentioning

confidence: 99%

The Relationship between Structural Upgrading and Economic Growth of Sports Industry Based on AD-AS Modeling

Wang

2023

Applied Mathematics and Nonlinear Sciences

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“…This phenomenon casts doubt on the potential and independent impact of FDI on economic growth and diversification and the channels through which FDI influences growth. Moreover, FDI inflows to the region are highly concentrated in the extraction sectors with greater inflows to resource-rich countries (Adika, 2020b). Figures 1 and 2 report the gross domestic product (GDP) growth trends and FDI inflows, respectively, in SADC from 1990 to 2018.…”

Section: Economic Growth In Sadcmentioning

confidence: 99%

Regional economic integration, natural resources and foreign direct investment in SADC

Adika

2021

JED

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PurposeThis paper aims to examine the role of economic integration and natural resources and foreign direct investment (FDI) complementarity in explaining economic growth in the Southern African Development Community (SADC).Design/methodology/approachThe study employed the ordinary least square-random effects and the generalized two-stage least square instrumental variables (IV) regression to examine the relationship between the variables.FindingsThe authors find that regional economic integration and natural resource abundance are essential for promoting economic growth. The results further show a potential resource curse phenomenon, offset by the complementary effect of FDI in resource-rich countries. The findings are robust after conditioning for different measures of institutional quality.Practical implicationsThe findings suggest the need for deeper regional trade integration and international cooperation, prudent natural resource management and concerted effort toward economic diversification.Originality/valueMany studies have examined the determinants of economic growth in the Southern African Development Community (SADC). However, these studies did not incorporate or assess the potential of economic integration in the region. Moreover, studies that examined the growth effects of FDI did not assess the complementary role of the region's natural resource endowment which potentially drives FDI inflows. This study fills these gaps and provides a robust analysis of economic growth drivers in the region.

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“…Other studies on inequality consider, examine, and include additional factors in economic models and specifications. For example, some economic studies contain many factors, such as foreign direct investment, changes in tax policy, and income ranking, to reduce inequality and combat poverty (Adika, 2022;Ncube et al, 2014). At the same time, the migration of the labor force and accumulation of human capital play a crucial role in fostering the economy's growth.…”

Section: Introductionmentioning

confidence: 99%

Assessment of the relationship between inequality, income and economic growth in the regions of Kazakhstan

Turkebayeva

Bekturganova

Sabden

et al. 2022

Problems and Perspectives in Management

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This paper aims to analyze various indicators to explain the impact of inequality and income on economic growth at the regional level of Kazakhstan. The data collected from the Bureau of National Statistics from 1995 to 2020 examined the impact of country, interregional, and market inequality indices and real income/wage on the GRP of different regions. Applying the methods such as analysis of unique statistical data covering 16 regions of Kazakhstan and log-linear multivariate regression analysis, which was carried out using the STATA software package, evidence was provided on the influence of interregional, country inequality, and income on economic growth. The analysis showed the differential impact of inequality and income. It was found at the first stage that the gap between interregional inequality and country inequality is insignificant. It was identified at the second stage that in models with real incomes, an increase in income has a negative impact on the development of the economy of Kazakhstan. All the models obtained are consistent and have (although not very high) significant explanatory power and confirm the relationship between inequality and economic growth. The findings can help policymakers, regionalists, economists, and governmental bodies understand the importance of income inequality and which areas can contribute to the formation of effective regional policy. AcknowledgmentsThe study was carried out within the framework of program targeted IRN OR11465433 funding by the Science Committee of the Ministry of Education and Science of the Republic of Kazakhstan “Development of the concept and mechanisms of balanced territorial development of the economy and society of Kazakhstan”.

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Sustaining Economic Growth in COMESA: Challenges and Prospects

Cited by 7 publications

References 35 publications

The Relationship between Structural Upgrading and Economic Growth of Sports Industry Based on AD-AS Modeling

The Relationship between Structural Upgrading and Economic Growth of Sports Industry Based on AD-AS Modeling

Regional economic integration, natural resources and foreign direct investment in SADC

Assessment of the relationship between inequality, income and economic growth in the regions of Kazakhstan

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