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African development : beyond income convergence
Asongu, Simplice A. - 2012
indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates … convergence in real per capita GDP and inequality adjusted human development in 38 African countries, disaggregated into 10 … is that the income component of the human development index moves slower than others in the convergence process and thus …
Persistent link: https://www.econbiz.de/10011410273
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Relevance of Wagner's hypothesis in achieving sustainable development agenda in Nigeria
Oseni, Isiaq O.; Adekunle, Ibrahim A. - 2020
Policy ambiguity in the form of non-directional and non-purposeful use of state resources has made sustainable growth outcomes a mirage in Nigeria. Recent economic crisis prompted the debate on how increased government spending induces sustainable economic growth in Nigeria. This paper examines...
Persistent link: https://www.econbiz.de/10012165290
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Globalization, infrastructure, and inclusive growth
Winters, Leonard Alan - 2014
This paper covers threes issues: first, defining and measuring inclusive growth; second, the relationship between international trade and inequality; and third, the links between infrastructure and inequality. Both international trade and infrastructure make it easier for people to exchange...
Persistent link: https://www.econbiz.de/10010245334
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The impacts of infrastructure in development : a selective survey
Sawada, Yasuyuki - 2015
Development economists have considered physical infrastructure to be a precondition for industrialization and economic development. Yet, two issues remain to be addressed in the literature. First, while proper identification of the causal effectiveness of infrastructure in reducing poverty is...
Persistent link: https://www.econbiz.de/10010465408
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Digitalization and economic performance of two fast-growing Asian economies : India and the People's Republic of China
Sahoo, Dukhabandhu; Nayak, Suryakanta; Behera, Jayanti - 2021
This paper aims to identify the role of digitalization and infrastructure in two fast-growing Asian economies, namely India and the People's Republic of China (PRC), within the growth framework from1990 to 2019 by using panel 2SLS and the NARDL technique. The results show that internet and...
Persistent link: https://www.econbiz.de/10012500546
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Reevaluating the economic benefits of the Lao People's Democratic Republic (Lao PDR)-People's Republic of China high-speed rail and its implications for fiscal stability of the Lao...
Lane, Jonathan Andrew - 2020
This paper explores the challenges created by debt and fiscal stability in countries where major infrastructure investment is proposed. This paper specifically focuses on the Lao People's Democratic Republic (Lao PDR) and the $6 billion Lao PDR-People's Republic of China (PRC) high-speed railway...
Persistent link: https://www.econbiz.de/10012289885
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Infrastructure and urbanization in the People's Republic of China
Li, Zhigang - 2017
The recent experience of infrastructure investment in the People's Republic of China (PRC) suggests an intertwined relationship between investment, urbanization, and economic growth. In one mechanism, urbanization generates demand for infrastructure investment, which then drives economic growth...
Persistent link: https://www.econbiz.de/10011585947
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Financial development and human capital thresholds for the infrastructure development-industrialization nexus in Africa
Nkemgha, Guivis Zeufack; Nchofoung, Tii Njivukuh; … - 2022
Examining the value-added link between infrastructure and industrialization is fundamental to achieving Sustainable Development Goal (SDG) 9, which consists of building resilient infrastructure, promoting inclusive and sustainable industrialization and fostering innovation. The objectives of...
Persistent link: https://www.econbiz.de/10013461773
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Harmonizing IPRs on software piracy : empirics of trajectories in Africa
Asongu, Simplice A. - 2012
systems, convergence in piracy rate could be a genuine standard-setting platform. (2) Legal origins do not play a very … significant role in the convergence process. (3) A genuine timeframe for standardizing IPRs laws in the fight against piracy is … most likely between a horizon of 4 to 8 years. In other words, full (100%) convergence within the specified horizon will …
Persistent link: https://www.econbiz.de/10011410064
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Are proposed African monetary unions optimal currency areas? : real, monetary and fiscal policy convergence analysis
Asongu, Simplice A. - 2012
fiscal policy convergence within the proposed WAM and EAM zones. The introduction of common currencies in West and East … Africa is facing stiff challenges in the timing of monetary convergence, the imperative of central bankers to apply common … panel GMM estimation with data from different non-overlapping intervals is employed. The implied rate of convergence and the …
Persistent link: https://www.econbiz.de/10011410252