Energy - economic Growth Nexus Long Run and Causal Inference | Chapter 13 | Contemporary Research in Business, Management and Economics Vol. 8

 

There exists an economic relationship between energy consumption and economic growth. This chapter outlines the nature of linkage and direction of causal flow as the essential components of understanding the nexus between the two variables. Long-run analysis helps to understand how energy interacts at a level with economic growth.ARDL bound test for cointegration is preferred as it does have integration order limitations. Cointegration implies causality, causality does not imply cointegration. The Granger causality test is used to test for the nature and direction of causal links. The framework is applied to analyze the electricity consumption and economic growth relationship in a case study of Kenya.

 

Author(s)details:-

 

John K. Njenga
Department of Mathematics, University of Nairobi, P.O Box 13187 - 00200 Nairobi, Kenya.

 

Please See the book here :- https://doi.org/10.9734/bpi/crbme/v8/721

Globalization and Growth in the Australian Manufacturing Sector: A Comparison of the Performance of the Subdivisions | Chapter 4 | Contemporary Research in Business, Management and Economics Vol. 6

 Aims: The fundamental objective of the study is to assess the relative growth performance of the subdivisions of the Australian manufacturing sector in a globalized environment as reflected in trade liberalization in the period 1968/69-2021/22.

Study Design:  The study involves primary data which is used to formulate figures and tables.

Place and Duration of Study: University of Western Sydney, School of Business between December 2022 and January 2024.

Methodology: Figures and tables are used as the main framework of the analysis of the study.

Results: The capital-intensive manufacturing subdivisions have exhibited a stronger growth performance relative to the more labor-intensive manufacturing subdivisions. For example, the former category is characterized by coal, petroleum and related products manufacturing and metal product manufacturing growing by 3.6 and 2,6 percent respectively compared to textile, clothing and footwear manufacturing which is representative of the latter category growing by 0.1 of one percent in the period 1968/69 -2021/22.

Conclusion: Manpower policies are required to re-train the unemployed labor emanating from the contraction of the labor-intensive manufacturing subdivisions to enhance employment prospects in the expanding capital-intensive manufacturing subdivisions.

Author(s) Details:

Andrew Marks,
University of Western Sydney, Locked Bag 1797, Penrith, N.S.W., 2751, Australia.

Please see the link here: https://stm.bookpi.org/CRBME-V6/article/view/14352

Investigating the Foreign Direct Investment, Intellectual Property Rights and Economic Growth: A Panel Study from Arabic Countries | Chapter 12 | Modern Perspectives in Economics, Business and Management Vol. 7

 The impact of intellectual property rights (IPR) protection and FDI inflows on economic growth is examined in this study. The empirical study is based on a model of simultaneous equations that was applied to a panel of Arab countries from 1970 to 2011.

Empirical evidence suggests that the level of IPR protection in Arab nations has had a favourable impact on FDI. They claim that improving IPR protection also boosts economic growth. FDI inflows have a negative impact on total factor productivity growth. Policymakers will benefit greatly from the findings of this study.


Author (S) Details

Dr. Mrad Fatma
Faculty of Economics and Management of Sousse, University of Sousse, Tunisia.

Dr. Hadhek Zouhaier
Higher Institute of Management (ISG) of Gabès, University of Gabès, Tunisia.

View Book - https://stm.bookpi.org/MPEBM-V7/article/view/3628

Recent Perspectives of Integration, Inclusion, Development in the Financial Sector and Economic Growth Nexus in SADC: Empirical Review | Chapter 14 | Current Strategies in Economics and Management Vol. 3

Aims: The study examines the relationship between financial development, integration, inclusion and economic growth. Study Design: Empirical literature review. Place and Duration of Study: Southern African Development Community (SADC), January 1980 to December 2011. Conclusion: Empirical evidence suggests mixed effect of financial integration and inclusion on economic growth. While some studies argue that financial integration has positive impact on economic growth, others state that financial integration has a negative impact on economic growth. On the other hand, some studies consider sound financial development to be a pre-requisite for financial integration to have a positive impact on economic growth. Financial inclusion is believed to have a positive or negative impact on economic growth. Some studies ascertain that the positive growth impact from the financial inclusion does not hold in economies characterised by low financial development. Literature reveals that the direction of causality between financial development and economic growth is uncertain. The SADC region present a unique sample of countries where a lot of initiatives have been taken to embrace financial integration, inclusion and development through, for example, strategic plans, policy frameworks, protocols declarations, charters, as well as memoranda of understanding. In the SADC region, Botswana, Mauritius, Namibia and South Africa are the most banked countries. The types of financial intermediaries across SADC member states include central banks, commercial banks, money lenders, unit trust companies, pension funds, non-bank deposittaking institutions, foreign exchange dealers, mutual banks, stock broking firms and primary dealers. Countries with no stock exchanges are Angola, Democratic Republic of Congo, Lesotho as well as Madagascar. South Africa exerts some influence on the financial sector performance in the region.

Author(s) Details

Oscar Chiwira
Dean Faculty of Commerce, BA ISAGO University, Botswana

View Book :- http://bp.bookpi.org/index.php/bpi/catalog/book/191