We investigate whether income inequality affects subsequent growth in a cross-country sample for 1965-90, using the models of Barro (1997), Bleaney and Nishiyama (2002) and Sachs and Warner (1997), with negative results. We then investigate the evolution of income inequality over the same period and its correlation with growth. The dominating feature is inequality convergence across countries. This convergence has been significantly faster amongst developed countries. Growth does not appear to influence the evolution of inequality over time. Outline

https://www.econstor.eu/bitstream/10419/81822/1/02-28.pdf

Economic growth and income inequality

This book explores whether the world economy is breaking up into regional trading and currency blocs centred on the European Community, Japan and the United States. Frankel uses trade, investment and financial data to assess this issue. He concludes with an analysis of how trends in regional economic integration can be used as building blocks for a stronger multilateral system.

Regional Trading Blocs in the world economic system, reseñado por Antonio Ortiz-Mena L.N.

Lost in the translation.

https://isiarticles.com/bundles/Article/pre/pdf/9719.pdf

The contribution of foreign direct investment to clean energy use, carbon emissions and economic growth

https://isiarticles.com/bundles/Article/pre/pdf/17203.pdf

Investigating the influence of tourism on economic growth and carbon emissions: Evidence from panel analysis of the European Union

Ekanayake, E.M..December, 1999.Exports and economic growth in Asian developing countries,Articles,Seoul, South KoreaThe Economic Research Institute of Chung-Ang University,14

Exports and economic growth in Asian developing countries Cointegration and error-correction models

The objective of this study is to investigate the relationships between tourism development and economic growth in developing countries using the newly developed heterogeneous panel cointegration technique. This study examines the causal relationship between tourism development and economic growth using Granger causality tests in a multivariate model and using the annual data for the 1995–2009 period. The study finds no evidence to support the tourism-led growth hypothesis. The results of the FMOLS show that, though the elasticity of tourism revenue with respect to real GDP is not statistically significant for all regions, its positive sign indicates that tourism revenue makes a positive contribution to economic growth in developing countries. The results of the study suggest that governments of developing countries should focus on economic policies to promote tourism as a potential source of economic growth. JEL: F43, L83, O40

https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=1948704

Tourism development and economic growth in developing countries

In the era of economic globalization, small and medium enterprises (SMEs) are recognized as an engine of sustainable economic development in both the developed and developing world. In literature, three competitive challenges—the sustainability challenge, the global challenge and the technological challenge—faced by industrial entities in the current globalized economy, are categorized. Of them, this paper undertakes a systemic review of the literature covering the theme of SMEs and technology in order to identify how technological progress in the SMEs, correlates with SMEs survival improvement in the global competition. The review identified six driving forces—social capital, link with Multi-National Corporations (MNCs) and Transnational Corporations (TNCs), innovation, sharing and networking, information technology, and adoption of productivity-enhancing technology—influencing technological upgrade in the SMEs. The review also identified two conditions for successful technological adaptation in the SME sector—availability of technologically skillful workforce in the economy, and identification of opportunities of new technologies in the competition. These conditions could be viewed in the macro environment and emphasize the need for the economies’ readiness towards SMEs’ success.

Sustainability of SMEs in the Competition: A Systemic Review on Technological Challenges and SME Performance

This paper analyzes the trade creation and trade diversion effects of the regional trade agreements (RTAs) in Asia and their effects on intra-regional trade flows using annual trade data for the period 1980-2009. The research will attempt to achieve the following objectives: (a) analyze the major RTAs in Asia and their effects on intra-regional trade flows. (b) use a gravity model to estimate the trade creation and trade diversion effects of various RTAs on trade flows within and across member groups; and (c) measure the effect of RTAs on members’ trade with other Asian countries. The findings of this study are, for the most part, consistent with findings of previous studies on the Asian trade flows. The coefficients of real GDP, population, and distance had expected signs and magnitudes in all models estimated.

/pdf/trade-blocks-and-the-gravity-model-a-study-of-economic-2co5u43crx.pdf

Trade Blocks and the Gravity Model: A Study of Economic Integration among Asian Developing Countries

This paper analyzes the effects of foreign direct investment on the economic growth of developing countries. The study uses annual data on a group of 85 developing countries covering Asia, Africa, and Latin America and the Caribbean for the period 1980-2007. We explore the hypothesis that foreign direct investment can promote growth in developing countries. We test this hypothesis using panel data series for foreign direct investment, while accounting for regional differences in Asian, African, Latin American, and the Caribbean countries as well as the differences in income levels. While the findings of previous studies are generally mixed, our results indicate that foreign direct investment has positive and significant effect on economic growth.

Ems Ekanayake

Papers

Exports and economic growth in Asian developing countries Cointegration and error-correction models

Tourism development and economic growth in developing countries

Sustainability of SMEs in the Competition: A Systemic Review on Technological Challenges and SME Performance

Trade Blocks and the Gravity Model: A Study of Economic Integration among Asian Developing Countries

How Does Foreign Direct Investment Affect Growth in Developing Countries? An Empirical Investigation