Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.1872393
Hyejin Lee
ABSTRACT The multi-bi aid from donor governments has been increasing due to its unique attributes. It allows the donors to control their aid spending and potentially influence the multilateral activities. Of the current members of the Development Assistance Committee, this study focuses on Korea and its multi-bi contribution to the World Food Programme (WFP). The contribution portfolio of Korea is analyzed and compared with that of France. The two countries are comparable for their similar size of the total contribution to WFP during the study period. This analysis observes differences in Korean and French approaches to their WFP multi-bi and the results indicate Korea spread its multi-bi across various aid types, sectors and regions through a multi-agency implementing channel. Korea showed little preferential aid towards its bilateral priority countries with its WFP multi-bi. On the other hand, France focused on a specific aid type, sector, and region through a unified implementing channel. France indicated its preference towards its bilateral priority countries with its WFP multi-bi. Given the current contribution size, Korea can be more efficient with its WFP multi-bi by prioritizing aid types, sectors and regions and unifying its implementing channel.
{"title":"Portfolio analysis of contributions to World Food Programme of Korea and France: focusing on Korean multi-bi aid","authors":"Hyejin Lee","doi":"10.1080/21665095.2021.1872393","DOIUrl":"https://doi.org/10.1080/21665095.2021.1872393","url":null,"abstract":"ABSTRACT The multi-bi aid from donor governments has been increasing due to its unique attributes. It allows the donors to control their aid spending and potentially influence the multilateral activities. Of the current members of the Development Assistance Committee, this study focuses on Korea and its multi-bi contribution to the World Food Programme (WFP). The contribution portfolio of Korea is analyzed and compared with that of France. The two countries are comparable for their similar size of the total contribution to WFP during the study period. This analysis observes differences in Korean and French approaches to their WFP multi-bi and the results indicate Korea spread its multi-bi across various aid types, sectors and regions through a multi-agency implementing channel. Korea showed little preferential aid towards its bilateral priority countries with its WFP multi-bi. On the other hand, France focused on a specific aid type, sector, and region through a unified implementing channel. France indicated its preference towards its bilateral priority countries with its WFP multi-bi. Given the current contribution size, Korea can be more efficient with its WFP multi-bi by prioritizing aid types, sectors and regions and unifying its implementing channel.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"14 - 23"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/21665095.2021.1872393","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47254612","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.1979417
Luis F. Aguado, Alexei Arbona, Luis Palma, Jesús Heredia-Carroza
ABSTRACT The article identifies factors related to the local context that influence the valuation of a local, traditional and internationally recognized music festival. Analyzing the case of Petronio Álvarez Pacific Music Festival held in Cali (Colombia), a valuation equation of the festival is estimated via an ordered probit model based upon microdata provided by a face-to-face survey (N = 1257). Results show that there are two key factors shaping the valuation of the festival: (i) previous experience of attending the festival, (ii) perceptions and expectations individuals have over the implications of the festival celebration (even if not participating), that is, the territory’s externalities (the creation of income and employment for the city) and personal benefits (cultural enrichment and enjoyment of a well-executed festival’s plan). Finally, our work provides policymakers with an instrument that reduces uncertainty about the characteristics of the festival, which can also be used as a managerial decision instrument based on empirical evidence about individuals’ perceptions.
{"title":"How to value a cultural festival? The case of Petronio Álvarez Pacific Music Festival in Colombia","authors":"Luis F. Aguado, Alexei Arbona, Luis Palma, Jesús Heredia-Carroza","doi":"10.1080/21665095.2021.1979417","DOIUrl":"https://doi.org/10.1080/21665095.2021.1979417","url":null,"abstract":"ABSTRACT The article identifies factors related to the local context that influence the valuation of a local, traditional and internationally recognized music festival. Analyzing the case of Petronio Álvarez Pacific Music Festival held in Cali (Colombia), a valuation equation of the festival is estimated via an ordered probit model based upon microdata provided by a face-to-face survey (N = 1257). Results show that there are two key factors shaping the valuation of the festival: (i) previous experience of attending the festival, (ii) perceptions and expectations individuals have over the implications of the festival celebration (even if not participating), that is, the territory’s externalities (the creation of income and employment for the city) and personal benefits (cultural enrichment and enjoyment of a well-executed festival’s plan). Finally, our work provides policymakers with an instrument that reduces uncertainty about the characteristics of the festival, which can also be used as a managerial decision instrument based on empirical evidence about individuals’ perceptions.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"309 - 316"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44593998","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.1872394
Daniela Ariza Marín, Thomas Goda, Germán Tabares Pozos
ABSTRACT Existing literature argues that political competition and electoral participation influence government efficiency. However, empirical evidence on the matter for developing countries is scant and mixed. This paper contributes to the literature by exploring the impact of political competition and electoral participation on the fiscal performance of 1,098 Colombian municipalities during four government periods (2000-2015). Using a fixed effect panel data model, we find a significant positive relationship between political competition and electoral participation and a composite fiscal performance index. To be more precise, our results indicate that municipalities that have a lower concentration of council seats in the hands of few parties (i.e. a lower Herfindahl-Hirschman Index) and higher voter turnout rates tend to perform better. These results are explained by the positive impact of political competition and electoral participation on operating expenses, local revenue generation, investment and savings. Overall, these findings support political accountability theories, which argue that electoral participation and political competition incentivize career-concerned politicians to perform well and to reduce rent-extraction behavior.
{"title":"Political competition, electoral participation and local fiscal performance","authors":"Daniela Ariza Marín, Thomas Goda, Germán Tabares Pozos","doi":"10.1080/21665095.2021.1872394","DOIUrl":"https://doi.org/10.1080/21665095.2021.1872394","url":null,"abstract":"ABSTRACT Existing literature argues that political competition and electoral participation influence government efficiency. However, empirical evidence on the matter for developing countries is scant and mixed. This paper contributes to the literature by exploring the impact of political competition and electoral participation on the fiscal performance of 1,098 Colombian municipalities during four government periods (2000-2015). Using a fixed effect panel data model, we find a significant positive relationship between political competition and electoral participation and a composite fiscal performance index. To be more precise, our results indicate that municipalities that have a lower concentration of council seats in the hands of few parties (i.e. a lower Herfindahl-Hirschman Index) and higher voter turnout rates tend to perform better. These results are explained by the positive impact of political competition and electoral participation on operating expenses, local revenue generation, investment and savings. Overall, these findings support political accountability theories, which argue that electoral participation and political competition incentivize career-concerned politicians to perform well and to reduce rent-extraction behavior.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"24 - 35"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/21665095.2021.1872394","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44034957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.1955720
F. Ganda
ABSTRACT There is a significant and deadly link between air-borne pandemics (for example, COVID-19) and air pollution, as airborne particulate matter enhances the spread of such diseases. Moreover, economically disadvantaged groups are more susceptible. This paper analyses the effects of health expenditure on carbon emissions in BRICS (that is, Brazil, Russia, India, China and South Africa) countries from 2000 to 2017. The Fully Modified Ordinary Least Square (FM-OLS), the Vector Error Correction Model (VECM) Granger causality and the Dumitrescu–Hurlin causality tests are employed. In terms of aggregate health expenditure, the level of current health expenditure is significantly and negatively connected with carbon emissions. With regard to disaggregated variables, private health expenditure is also negatively and significantly linked to emissions. However, domestic general government health expenditure and external health expenditure are positively and significantly associated with carbon emissions. Country-specific results are also provided. The causality tests confirm bi-directional causality between the level of current health expenditure, private health expenditure, and domestic general government health expenditure, and carbon emissions. External health expenditure in BRICS does not cause emissions, and vice-versa. VECM causal links are also discussed. The results point to the need to review health expenditure sub-policy programs to achieve zero-carbon targets.
{"title":"The impact of health expenditure on environmental quality: the case of BRICS","authors":"F. Ganda","doi":"10.1080/21665095.2021.1955720","DOIUrl":"https://doi.org/10.1080/21665095.2021.1955720","url":null,"abstract":"ABSTRACT There is a significant and deadly link between air-borne pandemics (for example, COVID-19) and air pollution, as airborne particulate matter enhances the spread of such diseases. Moreover, economically disadvantaged groups are more susceptible. This paper analyses the effects of health expenditure on carbon emissions in BRICS (that is, Brazil, Russia, India, China and South Africa) countries from 2000 to 2017. The Fully Modified Ordinary Least Square (FM-OLS), the Vector Error Correction Model (VECM) Granger causality and the Dumitrescu–Hurlin causality tests are employed. In terms of aggregate health expenditure, the level of current health expenditure is significantly and negatively connected with carbon emissions. With regard to disaggregated variables, private health expenditure is also negatively and significantly linked to emissions. However, domestic general government health expenditure and external health expenditure are positively and significantly associated with carbon emissions. Country-specific results are also provided. The causality tests confirm bi-directional causality between the level of current health expenditure, private health expenditure, and domestic general government health expenditure, and carbon emissions. External health expenditure in BRICS does not cause emissions, and vice-versa. VECM causal links are also discussed. The results point to the need to review health expenditure sub-policy programs to achieve zero-carbon targets.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"199 - 217"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/21665095.2021.1955720","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47509408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.1939082
S. Esaku
ABSTRACT This paper applies the autoregressive distributed lag bounds testing method to investigate the long- and short-run relationship between the size of the shadow economy and income inequality in Uganda. The findings reveal evidence of the long and short-run relationship between the shadow economy and income inequality. We find that a rise in income inequality significantly increases the size of the shadow economy in Uganda, all else equal. These results are robust to the use of alternative econometric methods. At the policy level, instituting income redistribution policies to uplift the standard of the poor, improving resource allocation to productive sectors of the economy, reforming the tax system and macroeconomic environment, and implementing political and institutional reforms to address corruption could be viable policy options to address informality in Uganda.
{"title":"Does income inequality increase the shadow economy? Empirical evidence from Uganda","authors":"S. Esaku","doi":"10.1080/21665095.2021.1939082","DOIUrl":"https://doi.org/10.1080/21665095.2021.1939082","url":null,"abstract":"ABSTRACT This paper applies the autoregressive distributed lag bounds testing method to investigate the long- and short-run relationship between the size of the shadow economy and income inequality in Uganda. The findings reveal evidence of the long and short-run relationship between the shadow economy and income inequality. We find that a rise in income inequality significantly increases the size of the shadow economy in Uganda, all else equal. These results are robust to the use of alternative econometric methods. At the policy level, instituting income redistribution policies to uplift the standard of the poor, improving resource allocation to productive sectors of the economy, reforming the tax system and macroeconomic environment, and implementing political and institutional reforms to address corruption could be viable policy options to address informality in Uganda.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"147 - 160"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/21665095.2021.1939082","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46281267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.1950019
N. Sukartini, I. Auwalin, Rumayya Rumayya
ABSTRACT Does the presence of green spaces in urban environments reduce the probability of crime? This paper applies the difference-in-differences approach to quantify the impact of urban green spaces on the probability of crime occurrence using data from the three largest metropolitan areas in Indonesia. Specifically, the study employs urban wards level data from the Village Potential Census (PODES) of 2014 and 2018 collected by Indonesia Statistics. Estimation results indicate a negative and significant impact of new urban green spaces on the probability of crime occurrence at the urban wards level. Results are reversed for those urban wards that lost green spaces, indicating an increase in the probability of crime when green spaces decrease. Results remain qualitatively unchanged with the inclusion of regional dummies and other control variables to control for regional differences, which indicates the robustness of our findings. By providing evidence that access to nature has a mitigating impact on crime in urban settings, city governments and communities are empowered to support these interventions.
{"title":"The impact of urban green spaces on the probability of urban crime in Indonesia","authors":"N. Sukartini, I. Auwalin, Rumayya Rumayya","doi":"10.1080/21665095.2021.1950019","DOIUrl":"https://doi.org/10.1080/21665095.2021.1950019","url":null,"abstract":"ABSTRACT Does the presence of green spaces in urban environments reduce the probability of crime? This paper applies the difference-in-differences approach to quantify the impact of urban green spaces on the probability of crime occurrence using data from the three largest metropolitan areas in Indonesia. Specifically, the study employs urban wards level data from the Village Potential Census (PODES) of 2014 and 2018 collected by Indonesia Statistics. Estimation results indicate a negative and significant impact of new urban green spaces on the probability of crime occurrence at the urban wards level. Results are reversed for those urban wards that lost green spaces, indicating an increase in the probability of crime when green spaces decrease. Results remain qualitatively unchanged with the inclusion of regional dummies and other control variables to control for regional differences, which indicates the robustness of our findings. By providing evidence that access to nature has a mitigating impact on crime in urban settings, city governments and communities are empowered to support these interventions.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"161 - 169"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/21665095.2021.1950019","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44920130","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.2007782
N. Odhiambo
ABSTRACT In this study, the impact of tourism development on poverty alleviation is examined using panel data from 32 sub-Saharan African (SSA) countries during the period 2005–2014. Two indicators of tourism development are used, namely tourist arrivals and tourism revenue. In addition, four control variables have been used, namely economic growth, trade, the rule of law, and income inequality (measured by the Gini coefficient, the Atkinson index and the Palma ratio), thereby leading to three separate specifications for each tourism development proxy. Using the generalized method of moments (GMM) regression analysis, the study found that the impact of tourism development on poverty alleviation is not unanimous. When the number of tourist arrivals is used as a proxy, the results show that an increase in tourism development consistently leads to an increase in household welfare; hence, a decrease in poverty, irrespective of the specification used. However, when tourism revenue is used as a proxy, no significant impact of tourism development on household welfare is found to exist, irrespective of the model specification used. The results also show that income inequality has a clear negative impact on household welfare in SSA countries when it is measured by the Gini coefficient, while economic growth and the rule of law have a distinct positive effect.
{"title":"Tourism development and poverty alleviation in sub-Saharan African countries: an empirical investigation","authors":"N. Odhiambo","doi":"10.1080/21665095.2021.2007782","DOIUrl":"https://doi.org/10.1080/21665095.2021.2007782","url":null,"abstract":"ABSTRACT In this study, the impact of tourism development on poverty alleviation is examined using panel data from 32 sub-Saharan African (SSA) countries during the period 2005–2014. Two indicators of tourism development are used, namely tourist arrivals and tourism revenue. In addition, four control variables have been used, namely economic growth, trade, the rule of law, and income inequality (measured by the Gini coefficient, the Atkinson index and the Palma ratio), thereby leading to three separate specifications for each tourism development proxy. Using the generalized method of moments (GMM) regression analysis, the study found that the impact of tourism development on poverty alleviation is not unanimous. When the number of tourist arrivals is used as a proxy, the results show that an increase in tourism development consistently leads to an increase in household welfare; hence, a decrease in poverty, irrespective of the specification used. However, when tourism revenue is used as a proxy, no significant impact of tourism development on household welfare is found to exist, irrespective of the model specification used. The results also show that income inequality has a clear negative impact on household welfare in SSA countries when it is measured by the Gini coefficient, while economic growth and the rule of law have a distinct positive effect.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"396 - 406"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46875885","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.1894963
A. Echendu, Peter Claver Chiedozie Okafor
ABSTRACT Africa is rapidly urbanizing and its population is growing exponentially. The United Nations has predicted Africa will have the fastest global population growth, with over half of its populace residing in urban areas by 2050. This is concerning given Africa's current infrastructural deficits which compromise liveability in these urban areas. Education, health, and transport are core areas of challenge in Africa and currently, no research is known to have analyzed if the infusion of smart city technology in these core areas will make a difference, a gap this paper fills. This work reviews the literature on smart city technology using Singapore as a model to make inferences and ascertain the adaptability of the technology to the African situation. It seeks to investigate the prospects of enhancing the aforementioned core areas of challenge using smart city technology and determine the prospects for Africa's development. Findings indicate Africa's current state of development is an advantage here as infusing core areas with digital technology would proactively help address Africa's urbanization challenges. African nations are encouraged to embrace digital technology to address core development issues while putting adequate measures in place to maintain the security and privacy of citizens.
{"title":"Smart city technology: a potential solution to Africa's growing population and rapid urbanization?","authors":"A. Echendu, Peter Claver Chiedozie Okafor","doi":"10.1080/21665095.2021.1894963","DOIUrl":"https://doi.org/10.1080/21665095.2021.1894963","url":null,"abstract":"ABSTRACT Africa is rapidly urbanizing and its population is growing exponentially. The United Nations has predicted Africa will have the fastest global population growth, with over half of its populace residing in urban areas by 2050. This is concerning given Africa's current infrastructural deficits which compromise liveability in these urban areas. Education, health, and transport are core areas of challenge in Africa and currently, no research is known to have analyzed if the infusion of smart city technology in these core areas will make a difference, a gap this paper fills. This work reviews the literature on smart city technology using Singapore as a model to make inferences and ascertain the adaptability of the technology to the African situation. It seeks to investigate the prospects of enhancing the aforementioned core areas of challenge using smart city technology and determine the prospects for Africa's development. Findings indicate Africa's current state of development is an advantage here as infusing core areas with digital technology would proactively help address Africa's urbanization challenges. African nations are encouraged to embrace digital technology to address core development issues while putting adequate measures in place to maintain the security and privacy of citizens.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"82 - 93"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/21665095.2021.1894963","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"60335389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.1976659
S. Ngarava
ABSTRACT Economic diversification transforms an economy to utilize multiple sectors for growth. The problem is that developing countries have been slow in shifting away from mineral-energy complex-based development. However, sector-heterogeneity either reduces or increases exposure and/or adaptive capabilities to greenhouse gas emissions. The objective of the study was to ascertain the relationship between economic diversification and carbon dioxide (CO2) emissions in South Africa. The study utilized the autoregressive distributed lag-error correction model (ARDL-ECM) and included macroeconomic variables such as gross domestic product (GDP), population, foreign direct investment and trade balance. The Tress Index of 10 industries was utilized to measure economic diversification. Annual data from 1993 to 2020 were used in the study. The study found that in the short run, CO2 Granger caused economic diversity but in the long run, there was no association. Population also had a long- and short-run relationship with economic diversification, while CO2 emissions had a long- and short-run relationship with GDP. The study concludes that there is a unidirectional causality between economic diversification and CO2 emissions in the short run and no relationship in the long run. Economic diversification should be considered in national, economic and climate change policies of the country.
{"title":"Relationship between economic diversification and CO2 emissions: ARDL-EC modeling in South Africa","authors":"S. Ngarava","doi":"10.1080/21665095.2021.1976659","DOIUrl":"https://doi.org/10.1080/21665095.2021.1976659","url":null,"abstract":"ABSTRACT Economic diversification transforms an economy to utilize multiple sectors for growth. The problem is that developing countries have been slow in shifting away from mineral-energy complex-based development. However, sector-heterogeneity either reduces or increases exposure and/or adaptive capabilities to greenhouse gas emissions. The objective of the study was to ascertain the relationship between economic diversification and carbon dioxide (CO2) emissions in South Africa. The study utilized the autoregressive distributed lag-error correction model (ARDL-ECM) and included macroeconomic variables such as gross domestic product (GDP), population, foreign direct investment and trade balance. The Tress Index of 10 industries was utilized to measure economic diversification. Annual data from 1993 to 2020 were used in the study. The study found that in the short run, CO2 Granger caused economic diversity but in the long run, there was no association. Population also had a long- and short-run relationship with economic diversification, while CO2 emissions had a long- and short-run relationship with GDP. The study concludes that there is a unidirectional causality between economic diversification and CO2 emissions in the short run and no relationship in the long run. Economic diversification should be considered in national, economic and climate change policies of the country.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"264 - 279"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42756695","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-01DOI: 10.1080/21665095.2021.1872392
A. Aimola, N. Odhiambo
ABSTRACT This paper investigates the impact of public debt on inflation in Ghana using annual data during the period 1983–2018. The study uses the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration and an error correction model to examine this linkage. The cointegrating regression results reveal evidence of a stable long-run relationship between inflation and the explanatory variables in the presence of a structural break. The findings also show a positive and significant impact of public debt on inflation. These results were found to hold, irrespective of whether the regression was conducted in the short run or in the long run. The study confirms the presence of the inflationary effects of public debt in Ghana. The government should, therefore, be prudent when considering increases in public debt to minimize volatility in inflation and its associated risks to the economy.
{"title":"Public debt and inflation: empirical evidence from Ghana","authors":"A. Aimola, N. Odhiambo","doi":"10.1080/21665095.2021.1872392","DOIUrl":"https://doi.org/10.1080/21665095.2021.1872392","url":null,"abstract":"ABSTRACT This paper investigates the impact of public debt on inflation in Ghana using annual data during the period 1983–2018. The study uses the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration and an error correction model to examine this linkage. The cointegrating regression results reveal evidence of a stable long-run relationship between inflation and the explanatory variables in the presence of a structural break. The findings also show a positive and significant impact of public debt on inflation. These results were found to hold, irrespective of whether the regression was conducted in the short run or in the long run. The study confirms the presence of the inflationary effects of public debt in Ghana. The government should, therefore, be prudent when considering increases in public debt to minimize volatility in inflation and its associated risks to the economy.","PeriodicalId":37781,"journal":{"name":"Development Studies Research","volume":"8 1","pages":"1 - 13"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/21665095.2021.1872392","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48353090","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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