Tag Archive | "Growth"

External Debt and Economic Growth in Tunisia

The objective of this study is to identify the effect of external debt on economic growth; we used the debt service as percentage of exports and debt indicators in the first and second degree. The econometric estimation showed that the sign of the coefficient of debt is positive and the debt squared is negative, and beyond a certain stock, the impact of debt on growth becomes negative and Tunisia must control its debts as additional increases will have adverse impacts on the economic performance of the country. Therefore, the borrowing should remain a necessity in cases of extreme emergency, not a solution to all economic problems experienced by the country.

  External Debt and Economic Growth in Tunisia (699.1 KiB, 1,734 hits)

Posted in Economics, Volume IV, Issue no. 6

The Push Factors for Corporate Social Responsibility: A Probit Analysis

In the last two decades in OECD countries there has been increased development of Social Responsible (CSR is the acronym of Corporate Social Responsibility) certified firms. This certification is assigned by public and private companies which guarantee that the behaviour of a certain firm is environmentally and sociologically correct. The first part of our work is devoted at establishing a certification index defined as the intersection of two of the three main international indices (Domini 400 Social Index, Dow Jones Sustainability World Index, FTSE4Good Index). The purpose of this is to overcome certain problems related to the multiplicity of CSR definitions and certifications. The sample obtained is a data panel of 417 enterprises (317 CSR firms and 100 firms as a control sample) belonging mainly to OCSE countries. The core of our analysis makes some probit analyses in order to study the structural causes that push enterprises towards social certification. The descriptive statistics, combined and supported by probit analysis, seem to stress the focal role of economic development as one of the main causes of social certification. Moreover, we have also studied the role of industrial sectors in social certification and other variables such as critical consumption and the structural production system of the enterprises.

  The Push Factors for Corporate Social Responsibility: A Probit Analysis (701.7 KiB, 3,206 hits)

Posted in Economics, Volume III, Issue no. 2

The Impact Of Institutional Quality On Economic Growth And Development: An Empirical Study

During the last twenty years economics literature and debates have increasingly referred to institutions as the answers to the longstanding questions concerning how economic growth arises, what policies can be used to promote best results in terms of economic performances and what accounts for differences in GDP levels among countries so that the analysis of the institutional framework under which any economy operates has now become an indispensable object of research. This paper will investigate the impact of institutional quality on economic growth over sixty years among countries at different stages of development recurring to three institutional indicators tested through a pooled regression model and a fixed effects model.

  The Impact Of Institutional Quality On Economic Growth And Development: An Empirical Study (850.8 KiB, 4,671 hits)

Posted in Economics, Issue no. 6