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Full-Text Articles in Macroeconomics

Identification Of Key Productive Sectors In The Mexican Economy, Isaac Sánchez-Juárez, David Revilla, Adelaido García-Andrés Mar 2015

Identification Of Key Productive Sectors In The Mexican Economy, Isaac Sánchez-Juárez, David Revilla, Adelaido García-Andrés

Isaac Sánchez-Juárez

This article focuses on identifying what are the key sectors with high potential for drag induced investment in the Mexican economy, also characterizes the sectors according to their hierarchy, impact and degree of articulation. To achieve this the input-output matrix national 2003 was used (disaggregated into 20 sectors and 79 sub-sectors), provided by the official government agency responsible for generating statistical information, which applied the traditional method of calculation of multipliers which takes into account both relations hierarchical such as circular between the productive sectors of Rasmussen (1956). The originality of the work lies in the application of the social ...


Foreign Capital Flows And Economic Growth In Pakistan: An Empirical Analysis, Sharafat Ali Jan 2014

Foreign Capital Flows And Economic Growth In Pakistan: An Empirical Analysis, Sharafat Ali

Sharafat Ali

Pakistan economy has received large inflows of foreign capital, in shape of foreign debt, FDI and worker’s remittances, over the years. The present study is focused on the examination of effects of these flows on economic growth in Pakistan. Johansen cointegration technique and Granger causality test has been used for the analysis for the sample period of 1972-2013. The results reveal negative impacts of these flows on economic growth of the economy in long run. Short run analysis confirmed unidirectional causality running from debt service, FDI, inflation and literacy rate to growth. Causality from domestic investment is not concluded ...


Exploring The Nexus Between Trade, Visitor Arrivals, Remittances And Income In The Pacific: A Study Of Vanuatu, Ronald R. Kumar, Vijay Naidu, Radika Kumar Nov 2011

Exploring The Nexus Between Trade, Visitor Arrivals, Remittances And Income In The Pacific: A Study Of Vanuatu, Ronald R. Kumar, Vijay Naidu, Radika Kumar

Dr Ronald R Kumar

We explore the contributions of trade openness, remittance inflows and expansion in tourism towards improving income in Vanuatu over the periods 1983-2009 using the augmented Solow approach and the ARDL bounds test. The results show trade openness and remittances have a positive and statistically significant effect on the long run growth of the economy while tourism expansion is not statistically significant. For a broad-based development policy we propose: remittance inflows need to be encouraged and additional remittance markets to be explored; trade negotiations with specific focus on temporary movement of natural persons need to be prioritized; and ensuring access to ...


Trade, Aid, Remittances And Financial Development: The Case Of Pakistan, Ronald Kumar Nov 2011

Trade, Aid, Remittances And Financial Development: The Case Of Pakistan, Ronald Kumar

Dr Ronald R Kumar

In this paper, we explore the role of trade openness, overseas development aid (ODA), remittance inflows and financial development vis-à-vis income in Pakistan for the periods 1980-2010 using the bounds procedure within the augmented Solow-model approach. In the long-run, trade openness, ODA, and remittances have a significant positive effect on the income level, while financial development is not statistically significant. In the short run, ODA has contributed positively towards income growth while remittances, trade openness and financial development have lagged negative effects, thus underscoring somewhat different behaviour of aid and remittance inflows. Accordingly, for development policy discourse, we emphasise the ...


Exploring Sectoral Contributions To Growth In Fiji: A Focus On Agriculture Development, Ronald R. Kumar Dec 2010

Exploring Sectoral Contributions To Growth In Fiji: A Focus On Agriculture Development, Ronald R. Kumar

Dr Ronald R Kumar

In this study, we explore the contribution from agriculture, manufacturing and services to the economic growth of Fiji. The results show in the long-run, services sector has the largest contribution (0.91 percent), followed by manufacturing (0.88 percent) and agriculture (0.22 percent). In the short run, mixed contribution from manufacturing and services due to short-run shocks and negative contribution from agriculture due to poor performances of key agricultural activities raises concern for long term economic sustainability. Therefore, key sub-sector integrated policies and reforms to improve and capitalise on agriculture, manufacturing and services are put forward as pro-growth measures ...


Fiscal Decentralization And Economic Growth Reconsidered, John Thornton Dec 2006

Fiscal Decentralization And Economic Growth Reconsidered, John Thornton

John Thornton

Recent studies examining the relation between fiscal decentralization and economic growth have failed to take account of the extent of the independent taxing powers available to sub-national governments and thus have substantially overstated the degree of effective decentralization. Results from a cross section study of 19 OECD member countries suggest that when the measure of fiscal decentralization is limited to the revenues over which sub-national governments have full autonomy, its impact on economic growth is not statistically significant.