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on Confederation of Independent States |
| By: | Asongu, Simplice A; Odhiambo, Nicholas M |
| Abstract: | We analyze the evolution of fast emerging economies of the BRICS (Brazil, Russia, India, China & South Africa) and MINT (Mexico, Indonesia, Nigeria & Turkey) countries, by assessing growth determinants throughout the conditional distributions of the growth rate and real GDP output for the period 2001-2011. An instrumenal variable (IV) quantile regression approach is complemented with Two-Stage-Least Squares and IV Least Absolute Deviations. We find that the highest rates of growth of real GDP per head, among the nine countries of this study, corresponded to China, India, Nigeria, Indonesia and Turkey, but the highest increases in real GDP per capita corresponded, in descending order, to Turkey China, Brazil, South Africa and India. This study analyzes the impacts of several indicators on the increase of the rate of growth of real GDP and on the logarithm of the real GDP. We analyze several limitations of the methodology, related with the selection of the explained and the explanatory variables, the effect of missing variables, and the particular problems of some indicators. Our results show that Net Foreign Direct Investment, Natural Resources, and Political Stability have a positive and significant impact on the rate of growth of real GDP or on real GDP |
| Keywords: | Economic Growth; Emerging countries; Quantile regression |
| Date: | 2018–04–26 |
| URL: | http://d.repec.org/n?u=RePEc:uza:wpaper:23818&r=cis |
| By: | Mariami Jibuti (Ivane Javakhishvili Tbilisi State University) |
| Abstract: | Work provides discussion of one of the most significant issues in Georgian economy ? agrarian sector development, competitiveness and effectiveness of the state policy. In particular, it analyses characteristics of agrarian sector development in Georgia and Zemo Svaneti Region, factors that affect it, its priorities and trends. On the basis of assessment of the natural resources potential of Zemo Svaneti Region the conclusion is made that in this region the focus can be made on bio production.Work studies, analyses and applies the methodological approaches for competitiveness assessment offered by different scientists, identifies factors hindering agrarian products? competitiveness and to assess their priority the ?impact-urgency? matrix. Based on competitiveness determination methodology and Porter?s diamond model we have studied strategic agricultural food sectors and their competitiveness.Work assesses the impact of the state policies dealing with cooperatives and development of the high-mountain regions on Georgia and especially on development of agrarian sector in Zemo Svaneti Region. It analyses formation of service cooperatives and the ways of improvement of Georgian Law on Development of High-Mountain Regions.Based on the performed studies, the recommendations were formulated for agrarian sector development and state policies improvement at both, national and regional levels. |
| Keywords: | mountainous region, agriculture, competitiveness, policy. |
| JEL: | Q18 |
| Date: | 2017–07 |
| URL: | http://d.repec.org/n?u=RePEc:sek:iacpro:5407698&r=cis |
| By: | Ascani, Andrea; Crescenzi, Riccardo; Iammarino, Simona |
| Abstract: | This paper aims at investigating the drivers of Multinational Enterprise (MNE) investment in countries linked to the 'core' of the European Union (EU-15) by different degrees of functional, economic and political integration: the EU 'New' Member states, Accession and Candidate countries, European Neighbourhood Policy countries, as well as Russia. Understanding the drivers of Foreign Investment (FDI) in these countries is highly relevant in consideration of their increasing integration into the global market and the strong influence exerted by the EU on this process. By employing data on individual greenfield investment projects for the period 2003 to 2008, this paper aims to disentangle the drivers of FDI in these countries for different industrial sectors, business functions and investment origins. The empirical results suggest that FDI in the area tends to follow market-seeking and efficiency-oriented strategies, and show path-dependency and concentration patterns that may reinforce core-periphery development trajectories in the EU neighbourhood. |
| Keywords: | multinational enterprises; FDI; location choices; European Union; European neighbourhood policy |
| JEL: | R14 J01 |
| Date: | 2017–02–01 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:63698&r=cis |