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Research Article
Nexus Between Corruption and Economic Growth in Ethiopia: An Auto Regressive Distributed Lag Bounds Test Method
Tarekegn Tadewos*,
Berhanu Kuma
Issue:
Volume 13, Issue 1, April 2024
Pages:
1-11
Received:
7 December 2023
Accepted:
23 December 2023
Published:
8 January 2024
Abstract: Ethiopian economic growth and corruption were examined over the long and short terms using annual time series data from 1996 to 2021. After taking into consideration human capital and the public sector, it has expanded Solow's (1956) neoclassical model of economic growth to include corruption by using a particular functional form for the entire factor of productivity. government spending on education, total fixed capital formation, and public spending. The Auto-Regressive Distributed Lag Bounds Test has been used to investigate the possibility of an ongoing relationship between corruption and real GDP per capita. The findings of the co-integration test confirmed the presence of a sustained correlation between corruption, real GDP per capita, and other variables influencing real GDP per capita. According to long-term evaluations, corruption has a significant impact on real GDP per capita. Real GDP was positively and significantly impacted by public investment in education, spending by governments on finances, and the creation of gross fixed assets. Model for Error Correction: The imbalance brought on by the shock of the previous year converges to the long-run equilibrium in the current year at a rate of -52%. The policy conclusion is that to ensure robust economic growth, Ethiopian governments at all levels need to develop efficient systems for combating corruption.
Abstract: Ethiopian economic growth and corruption were examined over the long and short terms using annual time series data from 1996 to 2021. After taking into consideration human capital and the public sector, it has expanded Solow's (1956) neoclassical model of economic growth to include corruption by using a particular functional form for the entire fac...
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Research Article
Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka
Issue:
Volume 13, Issue 1, April 2024
Pages:
12-21
Received:
4 December 2023
Accepted:
27 December 2023
Published:
11 January 2024
Abstract: Through the use of a quantitative methodology that is based on an exhaustive examination of secondary data, this study conducts an in-depth investigation of the complex link that exists between unemployment and inflation within the context of Sri Lanka's one-of-a-kind economic environment. In the course of this comprehensive research, which spans the years 1959 through 2022, a wide range of macroeconomic variables are methodically investigated with the purpose of elucidating the intricate linkages that exist between them. These convincing results of this analysis demonstrate a considerable negative association between unemployment rates and inflation, throwing light on the numerous issues that are inherent in the process of designing successful economic policies within this framework. The research strongly supports for the implementation of policy frameworks that are balanced and successfully target both job creation and price stability. This is because the study acknowledges that both are key aspects for encouraging economic growth that is both long-lasting and sustainable. It is important to emphasize that the dependence on secondary data sources has always influenced the historical emphasis, and the availability of data has thus been restricted. On the other hand, in spite of these limitations, this study makes a substantial contribution to the understanding of the complex mechanisms that drive the link between unemployment and inflation. Insights such as these serve as a solid platform for additional in-depth investigations and policy considerations that are customized to Sri Lanka's particular economic environment. This paves the way for decisions that are better informed.
Abstract: Through the use of a quantitative methodology that is based on an exhaustive examination of secondary data, this study conducts an in-depth investigation of the complex link that exists between unemployment and inflation within the context of Sri Lanka's one-of-a-kind economic environment. In the course of this comprehensive research, which spans t...
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Research Article
Government R&D Subsidies and Firms' Innovation Performance: Empirical Evidence Based on Listed Companies in the New Energy Industry
Issue:
Volume 13, Issue 1, March 2024
Pages:
22-31
Received:
27 February 2024
Accepted:
21 March 2024
Published:
25 March 2024
Abstract: At present, China is actively changing the original energy consumption structure, reducing the use of traditional fossil energy and vigorously promoting the green development of new energy. To stimulate technological innovation and promote economic growth is the direction and principle of the current industrial policy, and to increase the investment of R&D funds and enhance the independent innovation ability is the way to accelerate the construction of China's core competitive strength, so it is necessary to scientifically assess the impact of government R&D subsidies on the innovation performance of enterprises. The government's investment of R&D funds also plays an important role in the new energy industry, which is characterized by technological innovation, government R&D funding also plays an important role in the new energy industry characterized by technological innovation. In this paper, we select the panel data of listed companies in the new energy industry from 2006 to 2020 as the research object to empirically analyze the relationship between government R&D subsidies and corporate innovation performance. Based on the results of benchmark regression in this paper, the overall results show that government R&D subsidies are conducive to the improvement of corporate innovation performance in the new energy industry. This study aims to explore the effect of government R&D subsidies on enterprise innovation performance and put forward feasible suggestions to understand the role of government subsidies in the process of enterprise R&D and innovation activities from a deeper perspective.
Abstract: At present, China is actively changing the original energy consumption structure, reducing the use of traditional fossil energy and vigorously promoting the green development of new energy. To stimulate technological innovation and promote economic growth is the direction and principle of the current industrial policy, and to increase the investmen...
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