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Author: Kasahun Niken
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Perhaps no variable has received as much attention in the global economic literature as inflation and unemployment; no other macroeconomic variable has been as threatening to the global economy as these two, though. Especially in a fragile economy like Ethiopia, the cost of these variables is the worst. But how do inflation and unemployment poison the economy? We studied the relationship between inflation, unemployment, and economic growth in the least developed transitional economy of Ethiopia, using the annual series of data over the period 1980-2020. We have developed one model for each of the key macroeconomic variables involved in our analysis while also controlling for the effects of other potential variables in each case. We estimated all the models following the ARDL framework and found that there is a long-term relationship between variables entered the inflation and growth models. But, there is no evidence of a cointegrating equation in the unemployment model. In the estimation of our long-term growth model, it is shown that inflation and unemployment inhibit economic growth in some way, but the effect of both is trivial. This means that inflation and unemployment, which are rising alarmingly, are not a problem for Ethiopia's economic growth; suggesting, in turn, that economic growth in Ethiopia is exclusive. But their temporary role in economic growth is expected. Further, there is no meaningful long-term relationship between economic growth and inflation, while unemployment and inflation are correlated as expected. Apart from some recent efforts to modernize Ethiopia's agriculture, it would be of great help to instantaneously ensure sustainable growth and stable prices by encouraging, at best, labor-intensive investments, and enhancing productivity in other sectors. So doing will be the key to making the exclusionary economic growth inclusive.
Author: Kasahun Niken
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Perhaps no variable has received as much attention in the global economic literature as inflation and unemployment; no other macroeconomic variable has been as threatening to the global economy as these two, though. Especially in a fragile economy like Ethiopia, the cost of these variables is the worst. But how do inflation and unemployment poison the economy? We studied the relationship between inflation, unemployment, and economic growth in the least developed transitional economy of Ethiopia, using the annual series of data over the period 1980-2020. We have developed one model for each of the key macroeconomic variables involved in our analysis while also controlling for the effects of other potential variables in each case. We estimated all the models following the ARDL framework and found that there is a long-term relationship between variables entered the inflation and growth models. But, there is no evidence of a cointegrating equation in the unemployment model. In the estimation of our long-term growth model, it is shown that inflation and unemployment inhibit economic growth in some way, but the effect of both is trivial. This means that inflation and unemployment, which are rising alarmingly, are not a problem for Ethiopia's economic growth; suggesting, in turn, that economic growth in Ethiopia is exclusive. But their temporary role in economic growth is expected. Further, there is no meaningful long-term relationship between economic growth and inflation, while unemployment and inflation are correlated as expected. Apart from some recent efforts to modernize Ethiopia's agriculture, it would be of great help to instantaneously ensure sustainable growth and stable prices by encouraging, at best, labor-intensive investments, and enhancing productivity in other sectors. So doing will be the key to making the exclusionary economic growth inclusive.
Author: Deseke Kebede
Publisher: GRIN Verlag
ISBN: 3668582432
Category : Business & Economics
Languages : en
Pages : 69
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Book Description
Research Paper (undergraduate) from the year 2017 in the subject Economics - Economic Cycle and Growth, grade: 1, , language: English, abstract: The purpose of the study is to examine the relationship between inflation and economic growth in Ethiopia over the period of 1991/92- 2014/15 by using data at quarter base. The study was employed Johansen method of co-integration and vector error correction model and a technique of conditional least square. The result shows that both in long-run and short-run the relationship between inflation and economic growth is positive. Despite to this, the granger causality test tells us bi- directional causation between these two variables. The result also revealed that threshold level of inflation beyond on which inflation negatively affects economic growth of Ethiopia is 5 percent. Therefore, co-ordination between macro- economic policy makers is vital and should have to raise their hands and put their eyes on measures that keep down inflation below 5 percent to have sustainable economic growth in the country.
Author: Arianto Patunru
Publisher: Springer Nature
ISBN: 9464634006
Category : Electronic books
Languages : en
Pages : 1094
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Book Description
Zusammenfassung: This is an open access book. The International Conference on Accounting, Management, and Economics (ICAME) is an annual agenda organized by the Faculty of Economics and Business, Hasanuddin University. In 2023, we would like to introduce to you the 8th ICAME with the current theme entitled "Establishing Inclusive Economy and Business". SUB THEME Development Economics Public Economics Financial Accounting Management Accounting Finance and Investment Sustainability Business Corporate Governance Human Capital Islamic Economics Other Related; Accounting, Management, Economics Issues We hope that our conference can add discussions and information from various research towards the discourse of new economic policy in the post-pandemic era. This activity also became an important agenda in publishing scientific papers by academics and became a positive contribution to mapping Indonesia's future development. Therefore, we would like to invite academics, practitioners, researchers to contribute to the development of economic and business management research through participating in the 8th of ICAME. Thank you for your participation and we look forward to meeting you at the conference
Author: Mr.Carlos A. Végh Gramont
Publisher: International Monetary Fund
ISBN: 1451946724
Category : Business & Economics
Languages : en
Pages : 72
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Book Description
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author: Ann Harrison
Publisher: University of Chicago Press
ISBN: 0226318001
Category : Business & Economics
Languages : en
Pages : 674
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Book Description
Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.
Author: Ola Olsson
Publisher: Routledge
ISBN: 1136494618
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task. In particular, the notion that markets are self-correcting and always in equilibrium appears to have taken a heavy blow. However, the jury is still out on which areas should be considered as failures and what which constitute the future of research. The overall aim of this text is to provide a compact overview of the contributions that are currently regarded as the most important for macroeconomic analysis and to equip the reader with the essential theoretical knowledge that all advanced students in macroeconomics should be acquainted with. The result is a compact text that should act as the perfect complement to further study of macroeconomics: an introduction to the key concepts discussed in the journal literature and suitable for students from upper undergraduate level through to PhD courses.
Author: Eric J. Pentecost
Publisher: Palgrave Macmillan
ISBN: 9780312233686
Category : Business & Economics
Languages : en
Pages : 414
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Book Description
This text reflects a concern to understand macroeconomic principles and applications in the context of the open economies of Western Europe and the rest of the world, providing an exposition of the three main macroeconomic models.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498344658
Category : Business & Economics
Languages : en
Pages : 257
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Book Description
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Author: Stephanie Kremer
Publisher:
ISBN: 9783941240032
Category :
Languages : en
Pages : 36
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Book Description
Author: Sorhun, Engin
Publisher: IGI Global
ISBN: 1466673095
Category : Business & Economics
Languages : en
Pages : 379
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Book Description
In theory, regionalism and globalization are intended to be viewed as two separate concepts. However, as long as the approaches complement each other, considering these paradigms in tandem can have significantly positive effects on the overall status of the world economy. Regional Economy Integration and the Global Financial System addresses recent trends in regional integration projects and the strides that such projects are making on the road toward globalization. Focusing on a range of economic projects, emerging supranational units, and possible implications for future trends, this book is an essential reference source for professionals, scholars, and institutions interested in the dynamic effects of regionalism and globalization.
