Constituting A Root Map Towards Inclusive Growth: A Comparative Analysis

2021 ◽  
Vol 40 (1) ◽  
Author(s):  
Adnan Ali Shahzad ◽  
Hafiz Asim ◽  
Faran Ali
Keyword(s):  
Economic Growth ◽  
Comparative Analysis ◽  
Poverty Reduction ◽  
Growth Index ◽  
Developed Countries ◽  
Emerging Countries ◽  
Inclusive Growth ◽  
Economic Activities ◽  
Income Disparities ◽  
Economic Growth Rates

Developing and emerging countries of Asia have shown a tremendous improvement in economic growth rates couple with the significant strides in extreme poverty reduction. However, most of the economies are still facing some challenges like income and non-income disparities in sharing benefits and participation into social and economic activities. It requires attention that economic growth must be accompanied by reduction in poverty and income & non-income inequalities, and promoting equitable participation, i.e. growth must be inclusive. To address these challenges, present study presents a pioneer work to construct a unique but comprehensive inclusive growth index (IGI) over the period of last two decades for 17 Asian and 8 developed countries. The study made a comparative analysis of inclusive growth performances of developing and emerging countries of Asia and compared their final score with the benchmark set by developed countries of the world. The study highlighted the clusters of variables which required attention in developing Asia to converge with emerging Asia, and in emerging Asia to converge with developed world. In short, the study provides a root map for developing countries to merge with emerging countries, and for emerging countries to merge with developed countries.

scholarly journals From Catch-Up to Transcend: The Development of Emerging Countries’ Green Economy

2019 ◽  
Vol 2019 ◽  
pp. 1-14
Author(s):  
Bie-Yu Lin ◽  
Shi-Xiao Wang
Keyword(s):  
Economic Growth ◽  
Growth Index ◽  
Developed Countries ◽  
Emerging Countries ◽  
Green Technology ◽  
Green Economy ◽  
Green Growth ◽  
Technical Leadership ◽  
Catch Up

As domestic concerns on clean economic growth arise, promoting green economy has become an urgent issue for emerging countries that are facing serious environment problems in industrialization. Through international imitation, emerging countries have the opportunity to adopt clean techniques of developed countries. Because of different industrial structures, it is unachievable to learn the green technology across all fields. Previous studies consider that innovations could create green production models to improve the production capacity that reduces energy input and waste discharge. However, while evaluating emerging countries’ economic growth, the environment indicators were often neglected. Empirical investigation of the role of innovation in green economy’s growth is still rare. The first objective of this study is to adopt an integrated framework to investigate emerging countries’ green economy by considering environmental factors. Secondly, environmentally sensitive productivity growth index was employed to decompose the productivity progress of green economy into catch-up effect, innovation effect, and technical leadership to examine the role of innovation. Thirdly, implications were provided for the policy makers in relation to green growth. Thirty-nine emerging countries were chosen as samples, which were divided into America, Asia, and Europe according to their locations. We found that America is still an imitator in developing green economy. In contrast, Asia starts to transition to innovation, which has become another critical promoter for green growth. Europe was found to lead on the technology frontier because of proper industrial planning and technology accumulation. The progress to innovation and technical leadership could ensure a stable green growth in the future. This research could be a route to open up the possibility of extending current study of green economy.

scholarly journals Possibilities and challenges of inclusive economic growth in countries

2021 ◽  
Vol 244 ◽  
pp. 10039
Author(s):  
Mavluda Askarova ◽  
Toir Saddulaev ◽  
Bunyod Radjabov
Keyword(s):  
Economic Growth ◽  
Socioeconomic Development ◽  
Growth Index ◽  
Well Being ◽  
Developed Countries ◽  
The State ◽  
Inclusive Growth ◽  
The World ◽  
The Republic ◽  
The Impact

The purpose of the study of this topic is inclusive growth and inclusive economic growth in the territory of the Republic of Uzbekistan. Using the theoretical method of analysis, the results of the developed countries of the world, as well as the state of the economy of Central Asia, in particular the Republic of Uzbekistan, are analyzed. The observation method reveals the impact of inclusive economic growth on the standard of living and well-being of the world’s population. The article compares data on the impact of the global economic and financial crisis on the economies of the world and the Republic of Uzbekistan, which began in 2019, and its consequences are reflected on inclusive economic growth. Projections of social development up to 2030 are made, this development factor plays an important role in inclusive economic growth. The result of this study is the conclusion about the importance of the inclusive growth index, which can replace the GDP indicator. Index of inclusive analysis of information on various aspects of society. This index can also be used to predict the socioeconomic development of the state.

scholarly journals Spatial Dimensions of Economic Growth, Redistribution, and Poverty Reduction During the Yudhoyono Period in Indonesia

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Witri Mukti Aji
Keyword(s):  
Economic Growth ◽  
Regional Differences ◽  
Decomposition Method ◽  
Poverty Reduction ◽  
Growth Index ◽  
Growth Indices ◽  
Poor Growth ◽  
Household Expenditures ◽  
Spatial Dimensions ◽  
Capital Development

This research explores the spatial dimensions of economic growth, redistribution, and poverty reduction in Indonesia during the Susilo Bambang Yudhoyono period (i.e., from 2004 to 2014) using the poverty decomposition method, the growth incidence curve, and several pro-poor growth indices. I gathered my data from the annual National Socio-economic Surveys conducted in Indonesia between 2004 and 2014. Analyzing this data, my thesis presents three key economic insights about the Susilo Bambang Yudhoyono period:1) poverty incidence significantly declined between 2004 and 2014, 2) the economic growth that occurred during this period was generally not pro-poor, made evident by an upward sloping growth incidence curve, and 3) regional differences exist in the shape of the growth incidence curve; the pro-poorness of economic growth therefore varies between provinces. Using the classification system proposed by Kakwani and Pernia (2000), I classify provinces into the following five groups with respect to their pro-poor growth index (PPGI). Our empirical results support the pro-poor growth in a nation. However, some provinces such as North Maluku, Gorontalo and Bengkulu experienced non-pro-poor growth and weakly pro-poor. To promote the pro-poor growth in all provinces, the governmental supports in infrastructure and human capital development are essential for the above lagged provinces. Keywords: Household Expenditures; Economic Growth; Redistribution; Poverty Reduction; Spatial Dimensions; Inequality; Poverty Decomposition Method; Growth Incidence Curve; Pro-Poor Growth Indices.

Inclusive Economic Growth Diagnosis Of Jambi Province

2021 ◽  
Vol 12 (1) ◽  
pp. 47-47
Author(s):  
Zulgani Zulgani ◽  
Faradina Zevaya
Keyword(s):  
Economic Growth ◽  
Growth Index ◽  
Asian Development Bank ◽  
Inclusive Growth ◽  
Development Bank ◽  
Unemployed People ◽  
Level Of Satisfaction ◽  
Increasing Trend ◽  
Economic Infrastructure

High economic growth is an achievement that is always expected and targeted by a country or region. However, whether this economic growth has been in line with the reduction in poverty, the decrease in unemployed people, and the provision of many and quality jobs is still in question. Thus, the problem that can be studied is whether Jambi Province has been in inclusive economic growth. And, what factors are calculated and analyzed in determining its inclusiveness. The method and data used are the adaptation of the main variables used by the Asian Development Bank (ADB) and the measure of the quality of economic growth is assessed from the IGI (Inclusive Growth Index). The result shows that IGI Jambi Province has an increasing trend during the 2016 – 2020 period, although it is stagnant at a satisfactory level of progress and at the level of satisfaction in 2019 it experienced growth compared to the previous year accompanied by an increase in several sub-dimensions such as the sub-dimension of productive workforce, economic infrastructure, poverty, health, education, sanitation and social protection.Meanwhile, the level of satisfaction with economic growth grew negatively, as well as the subdimensions of gender equality and constant income inequality. Keywords: Economic Growth, IGI, Inclusive Economic, Jambi.

Convergence and Equality of Road Infrastructure

2016 ◽  
pp. 170-183 ◽  
Author(s):  
Utpal Das ◽  
Ramesh Chandra Das ◽  
Kamal Ray
Keyword(s):  
Developed Countries ◽  
Emerging Countries ◽  
Economic Activities ◽  
The West ◽  
Road Infrastructure ◽  
Gini Coefficients ◽  
Per Capita ◽  
The Developed Countries ◽  
Short Time ◽  
Over Time

The development of road infrastructure works as one of the most important inputs of production and overall economic activities all around the global economics. The developed countries of the west hold the larger road lengths in both gross and per capita terms compared to the less developed and emerging countries. But it is also undeniable that the less developed emerging countries have been growing fast in this respect or rushing to catch with the developed countries. The present chapter, hence, tries to study the modes of growth and convergence of GDP per kilometer of road length across the 30 selected countries for the period of 1990-2011 by means of ? convergence and also try to estimate the cross country inequalities by means of Gini Coefficients. It observes a sign of ? convergence and the inequality are going down over time, although there are some signs of divergences in some of the short time spans.

Socio-economic distance of Poland and selected developing countries to the most developed countries in the world

2016 ◽  
Vol 61 (6) ◽  
pp. 86-103
Author(s):  
Jacek Ziemiecki
Keyword(s):  
Developing Countries ◽  
Comparative Analysis ◽  
Developed Countries ◽  
Emerging Countries ◽  
Three Dimensions ◽  
Economic Distance ◽  
The World

The aim of the study is to analyze the causes of the distance of emerging countries to the most developed countries in the world as well as proposals on ways to reduce this distance. A comparative analysis of the results obtained by the study was used for this purpose — the actual results obtained in developing countries were compared with the results obtained in the most developed countries. The analysis presents three dimensions of comparisons, which include: the distance between the countries, the most developed and developing countries, differences in the gap between developing countries and the gap distance within the different categories of indicators within a single country. The study used data for the years 1990—2013, and if it was possible for earlier years.

scholarly journals Inclusive Growth Measurement Under Different Political Regimes of Pakistan

2020 ◽  
Vol V (IV) ◽  
pp. 42-49
Author(s):  
Muhammad Masood Anwar ◽  
Aftab Anwar ◽  
Ghulam Yahya Khan
Keyword(s):  
Economic Growth ◽  
Growth Performance ◽  
Growth Index ◽  
Asian Development Bank ◽  
Inclusive Growth ◽  
Political Regimes ◽  
Development Bank ◽  
Democratic Culture ◽  
Growth Measurement ◽  
The World

Existing literature focuses on the determinants and ways to enhance economic growth. This, however, neglects the growth benefit to society. Distribution aspect of economic growth is ignored in the previous decades. As a result, the world cannot enjoy the benefits of economic growth. In this paper inclusive growth index (IGI) is used which is constructed by the Asian Development Bank, 2011 to investigate whether the economic growth in Pakistan creates opportunities for the entire population on an equal basis and how political regimes affect the inclusive growth. Performance of the sixteen indicators of inclusive growth index is assessed over the period of 1978-2014, under two Democratic and two dictators' regimes. The result of the study shows that inclusive growth in Pakistan is low. However, the trend of inclusive growth in Pakistan is positive. Inclusive growth can be increase by increase the pace of economic growth besides democratic culture.

Infrastructure and inclusive growth in sub-Saharan Africa: An empirical analysis

2020 ◽  
Vol 20 (3) ◽  
pp. 187-207
Author(s):  
Onesmus Mbaabu Mutiiria ◽  
Qingjiang Ju ◽  
Koffi Dumor
Keyword(s):  
Energy Transport ◽  
Growth Index ◽  
Information And Communications Technology ◽  
Sub Saharan Africa ◽  
Inclusive Growth ◽  
Income Disparities ◽  
The Rich ◽  
Sub Saharan ◽  
Access And Affordability ◽  
Infrastructure Services

This study provides an empirical assessment of infrastructure and inclusive growth in sub-Saharan Africa (SSA). An inclusive growth index has been constructed and then used to test the infrastructure–inclusive growth nexus. The study has also examined whether infrastructure has a distributive impact on income groups. The overall analysis employed panel data collected from 31 SSA countries over the period 2003–17. The study found a positive link between infrastructure and inclusive growth. These results were significant for energy, transport and information and communications technology (ICT) infrastructures. It was also found that poorer people gain more benefits from the listed infrastructures than the rich, which shows that infrastructure plays an important role in the distribution of income. The overall results imply that infrastructure is vital in reducing income disparities and enhancing shared prosperity in SSA. Policies for increasing access and affordability of infrastructure services are highly recommended to promote inclusion.

Inclusive Growth: Economics as if People Mattered

2018 ◽  
Vol 19 (3) ◽  
pp. 756-770 ◽  
Author(s):  
Aruni Mitra ◽  
Debasmita Das
Keyword(s):  
Ad Hoc ◽  
Principal Component ◽  
Growth Index ◽  
Weighting Scheme ◽  
Inclusive Growth ◽  
Economic Activities ◽  
Working Definition ◽  
Indicator Variables ◽  
Equity In Access ◽  
Definition Of

This article attempts to fill a gap in the existing literature by providing a holistic working definition of inclusive growth. We measure inclusive growth through a newly proposed index, named as the Inclusive Growth Index (IGI), based on 24 developmental indicator variables (categorized into expansion, sustainability, equity in access, and efficiency of economic activities and institutions) as its components. We have employed two kinds of weighting schemes in constructing the index: an ad hoc weighting scheme and a weighting scheme based on principal component analysis (PCA), performed differently on variables under each dimensions. This index helps one to rank countries or regions according to their respective inclusive growth achievements and to potentially track the time trend of a particular country. In our study, we have calculated IGI for 16 Asian countries and compared the IGI scores across the nations.

Inclusive Growth in Indonesia: Myth or Reality?

2012 ◽  
Vol 04 (04) ◽  
pp. 67-74
Author(s):  
Syamsul HADI
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Job Creation ◽  
Financial Sector ◽  
Inclusive Growth ◽  
Popular Support ◽  
Positive Correlation ◽  
The People

This paper highlights some of the pro-poor policies exercised by the Susilo Bambang Yudhoyono (SBY) government which directly impact the lives of the people, which were in turn politically directed to mobilise popular support towards the regime. The paper shows how the SBY government has failed to draw a real positive correlation between economic growth and job creation, and between the development of financial sector and real (productive) sectors and economic growth with actual poverty reduction.

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