CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Recent literatures on economic growth asserted that ex-ante development of the financial system facilitate ex-post economic growth (e.g. Rajan and Zingales). In recent time‚ the link between financial market development and economic growth has received much attention in the literatures (King and Levine 1993‚ Rajan and Zingales 1998‚ Calderon and Liu 2002‚ Sunday E. Ewah and Judey Bassey 2004‚ T.S. Osinubi 2000). This is not unexpected
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China Economic Review 17 (2006) 395 – 411 Financial development and economic growth: Evidence from China Qi LIANG a‚b‚*‚ Jian-Zhou TENG c‚d b Department of Finance‚ School of Economics‚ Nankai University‚ Tianjin‚ 300071‚ China Graduate School of Commerce and Management‚ Hitotsubashi University‚ Kunitachi‚ 186-8601 Tokyo‚ Japan c Graduate School of Economics‚ Hitotsubashi University‚ Kunitachi‚ 186-8601 Tokyo‚ Japan d School of Mathematics and Statistics‚ Northeast Normal University‚ Changchun
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FDI and Economic Growth in the Export-Oriented Economy of Fiji: Some Empirical Results RUKMANI GOUNDER School of Economics and Finance‚ Massey University‚ Palmerston North Email: R.Gounder@massey.ac.nz Abstract This study examines the role of Foreign Direct Investment (FDI) in in the case of Fiji since 1970 to 2010 in the climate of four military coups in this period. In the early stage of industrialization‚ the government of Fiji turned the island economy into an Export Processing Zone. The objective
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INFLOWS ON HOST COUNTRY ECONOMIC GROWTH Abstract: Numerous researchers have investigated the impact of FDI on economic growth. Unfortunately‚ the empirical literature has produced conflicting conclusions. Specifically‚ this paper assesses whether the FDI impact on economic activities in the host countries. This study by using a panel data for 94 countries over the 1991–2010 period‚ shows that there is not a strong complementary connection between FDI and economic growth. Furthermore‚ FDI
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To what extent is economic growth beneficial for global economies? Economic growth is defined as the expansion of the productive capacity of an economy. An increase in resources causes an area to produce more goods or services in a given period of time – as shown on a production possibility frontier (PPF) diagram‚ where the curve shifts outwards. The PPF is a curve showing the maximum combinations of goods and services that can be produced in a given period with available resources. The improvement
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The general and specific objectives are listed and the scopes of the study are described. 1.1 Background of the Study 1.1.1 Malaysia Economic Growth Malaysian economy was consistently reached a GDP growth of more than 7% followed by the low inflation rate in the 1980s and 1990s. The economy went on to an extensive diversification and continued economic growth averaging 9% per annum in the period of 1988-1997. During the year of 1996-1997‚ on average‚ the economy had grown at annual rate of 8.7%
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Economic growth is defined as the sustained increase in real GDP or GNP per capita over time. Economic growth is desirable for an economy as it increases its real national income and standards of living for its people in general. Although it is desirable‚ economic growth does have its benefits and costs. One benefit would be increased levels of consumption. Provided economic growth outstrips population growth‚ it will lead to higher real income per head. This can lead to higher levels of consumption
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Economic growth: export or consumption. What way to choose? Economic growth in our days is very important to all countries. It shows that country is getting stronger in economics‚ and increases welfare of people. Economic growth is defined as an increase in the quantity of countries produced goods and services during specific time period. In economics it is called gross domestic product (GDP). Of course all of those goods and services have to be bought by somebody. It can be exported to other
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“For a developing country of your choice‚ identify and critically evaluate the barriers to growth and development. How can public policy attempt to lift those barriers?” This piece will look to identify and evaluate barriers to growth and development in Bangladesh‚ and then suggest ways of overcoming those barriers. Bangladesh has achieved significant results in her economic sector since her independence in 1971. Through the Nationalization Order of 1972‚ all key industries including jute‚ cotton
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present economic growth rate? India is an emerging economy that is witnessing unprecedented levels of economic expansion. It is widely expected that India may overtake China as the world’s fastest growing major economy by 2015. However it is not easy to sustain high levels of economic growth rates. There were a number of countries that experienced a high economic growth rate but were unable to sustain it for a long period of time. In order to determine whether India can sustain its economic growth
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