The Influence of Economic Growth on Regional Disparities: Empirical Evidence From Oecd Countries

Obradović, Saša; Lojanica, Nemanja; Janković, Olivera

doi:10.18045/zbefri.2016.1.161

Cited by 5 publications

(5 citation statements)

References 33 publications

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“…Meanwhile, Dietz, Rosa, & York (2012) explains that the relationship of per capita income to the environmental quality has an opposite shape to the U-curve. Obradovic, Lojanica, & Janković (2016) explain that economic growth and long-term gaps are significantly positive. To reduce the gap rate, it requires an increase in output in disadvantaged areas.…”

Section: Introductionmentioning

confidence: 95%

Economic agglomeration, economic growth and income inequality in regional economy

Mukhlis

Hidayah

Sariyani

2018

EJEM

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This study analyses the relationship between economic agglomeration, economic growth, and income inequality in East Java Province, Indonesia, in 2011-2015, after implementing a regional autonomy policy of regional development. It uses panel data with a random effect model. The model estimation's result suggests that economic agglomeration significantly and positively affects income inequality. However, economic growth does not have any significant effects on income inequality.

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Section: Introductionmentioning

confidence: 95%

Economic agglomeration, economic growth and income inequality in regional economy

Mukhlis

Hidayah

Sariyani

2018

EJEM

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“…However, universities and higher colleges do not productively contribute to economic growth in South Africa after examining the relationship between higher education, employment, and economic growth. In contrast, Obradovic and Lojanica [69] discovered a unidirectional causality among higher education and real GDP per capita for Sweden. Published in the same year, Ngware [70] criticizes new growth theories to have limitations.…”

Section: Review Of Relevant Empirical Researchmentioning

confidence: 89%

Applying an Evolutionary Growth Theory for Sustainable Economic Development: The Effect of International Students as Tourists

2020

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In this globalized era of strict competition, all actors in countries must focus on their strengths for continuous growth, which would presumably lead to sustainable economic development. Amongst the three components of sustainable development, this paper focuses on the economic and social aspects. Many countries are becoming service-oriented for economic growth. Education is a form of human capital investment which significantly contributes to countries’ national income via students, particularly international cross-border students in higher education institutions. While endogenous growth models dismiss the importance of governments in the growth process, in this paper, the Keynesian and new growth theories are combined to form an evolutionary growth theory. This research aims to analyze the short and long-term relationships between macroeconomic variables, international students, and their impact on the gross domestic product (GDP) of a small island with the intention of policy implications for stakeholders to reach or maintain sustainable economic development. Using an evolutionary growth theory with 34 years of time-series data on quarterly base, the vector autocorrection (VAR) model helps reveal the short and long-run relationships as well as impacts on the economy for sustainable economic growth. The results confirmed a long-run relationship via cointegration. Moreover, they approved bidirectional causality between student numbers, general secondary school enrolment, and GDP. Findings suggest significant implications for all stakeholders, particularly for higher education institutions, the government, and local citizens due to the importance of micro and macro-economic variables’ effect on GDP. The results prove that educated human capital contributes to economic growth. Governments should continue their existing strategy regarding secondary school enrolment rates as it is found to be the most effective variable in the long-run. As education, knowledge, and information transfer rises, it contributes to sustainable development through promoting social stability. Limitation of the unavailability of the total yearly population, GDP was opted instead of GDP per capita.

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“…The leaders of the EU have realized that institutional aspects like effective leadership, the rule of law, and the prevention of corruption are also important and will play an imperative role in its growth (Nwabuzor 2005, 121-138). Hence, by concentrating on legislative actions and improved scrutinizing of defiance with these initiatives, the EU has lately made constructive progress against corruption (Obradović et al 2016). Some of these initiatives resulted from the practical implementation of international treaties and agreements that intend to combat corruption in the global economies (D'Souza 2012, 73-87).…”

Section: Europe's Anti-corruption Frameworkmentioning

confidence: 99%

“…For instance, most members of the OECD Anti-Bribery Convention have been motivated to draft and legislate domestic legislation that adheres to the Convention's standards. Subsequently, the United Kingdom enacted UK Bribery Act (UKBA) in the year 2010, which took the inferences from the United States Foreign Corrupt Practices Act (FCPA), which entails antagonistic methods to uproot corrupt practices (Obradović et al 2016).…”

Section: Europe's Anti-corruption Frameworkmentioning

confidence: 99%

Scrutinizing Anti-Corruption Initiatives in Europe: Lessons to Learn for India?

Kanojia,

Ojha,

Mir

2023

JLIA

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Many studies have concluded that corruption hinders economic expansion by threatening the viability of the public budget and reducing the capital available for infrastructure development and social welfare. Thereby cultivating social inequality and eroding trust in the state and institutions. In recent decades, the European Union (EU) and India have experienced multiple corruption cases, including bribery, embezzlement, and abuse of power. Consequently, some EU nations and India have attempted to implement legislations and frameworks to curtail corrupt practices. The impact of adopted approaches can be witnessed in the contrasting scores and ranks of both regions on the Corruption Perception Index. Therefore, considering the distinctiveness in the efficacy of the approaches adopted by both of these regions, this paper intends to explore the efficacy and limitations of anti-corruption initiatives and frameworks implemented in the EU region and, subsequently, recommend the adoption of a similar approach which may prove to be beneficial in addressing the pressing issues of political and bureaucratic corruption in India.

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The Influence of Economic Growth on Regional Disparities: Empirical Evidence From Oecd Countries

Abstract: In the context of growing regional disparities which exist both in developed and developing countries, the primary goal of this paper is to examine the influence of total economic activities on regional disparities.

Cited by 5 publications

References 33 publications

Economic agglomeration, economic growth and income inequality in regional economy

Economic agglomeration, economic growth and income inequality in regional economy

Applying an Evolutionary Growth Theory for Sustainable Economic Development: The Effect of International Students as Tourists

Scrutinizing Anti-Corruption Initiatives in Europe: Lessons to Learn for India?

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