2. Publicaciones

URI permanente para esta comunidadhttps://hdl.handle.net/20.500.12640/4068

Las publicaciones de ESAN reúnen una variedad de materiales académicos y prácticos que abarcan áreas fundamentales como la administración, economía, negocios, entre otros. Con enfoque en la formación y el desarrollo profesional, estas obras buscan contribuir al conocimiento y la innovación en diversas disciplinas; asimismo, proporciona información relevante y actualizada para la comunidad académica y empresarial en el ámbito local e internacional

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Fecha de inicio: 2000Tema: search.filters.subject.Crecimiento económico

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Mostrando 1 - 10 de 27
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    Corruption's effect on BRICS countries' economic growth: a panel data analysis
    (Universidad ESAN. ESAN Ediciones, 2023-12-11) Simo-Kengne, Beatrice D.; Bitterhout, Siphiwo
    Purpose: The theoretical debate of corruption's impact on economic growth remains unsettled, making it an empirical question. This study aims to investigate corruption's effect on BRICS countries' economic growth. Design/methodology/approach: A panel dataset on BRICS countries spanning 1996 to 2020 was used. Bias-corrected estimators in small dynamic panels were employed to estimate a growth model as a linear-quadratic function of corruption that accounts for cross-sectional dependence, endogeneity and unobserved heterogeneity due to country and time-specific characteristics. Findings: The results indicate that corruption is detrimental to economic growth in BRICS countries; the quadratic relationship implies corruption is less prevalent in some countries than others. Thus, governments of BRICS countries are encouraged to embark on anti-corruption policies to boost their economic performance. Originality/value: An important limitation of corruption studies is the difficulty in measuring real corruption experiences due to the secretive nature of corruption and the fact that corruption is known not to leave a paper trail. For the uncertainty of the index estimates, the analysis used a continuous corruption composite score measuring the standard deviation of the extent to which public power is exercised for public gain. Furthermore, estimation and inference are robust to small dynamic panels with a general form of cross-sectional dependence.
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    Impact of ICT diffusion and financial development on economic growth in developing countries
    (Universidad ESAN. ESAN Ediciones, 2023-06-30) Verma, Anushka; Sandeep Dandgawhal, Prajakta; Kumar Giri, Arun
    Purpose: The present study aimed to examine the relationship between information and communication technologies (ICT) diffusion, financial development and economic growth in the panel of developing countries for 2005–2019. Design/methodology/approach: The study employed the principal component analysis (PCA) to extract the index of ICT diffusion. First-generation panel unit root tests such as Levine Lin Chu (LLC), Im Pesaran Shin (IPS), Augmented Dickey-Fuller (ADF) and Phillips and Perron (PP) were employed to check the stationarity of the variables. Pedroni and Kao co-integration techniques were used to examine the existence of the long-run relationship, and co-integration coefficients were estimated using FMOLS and dynamic ordinary least squares (DOLS). The panel Granger causality approach examined the short-run and long-run causality. Findings: The results confirmed that ICT diffusion, financial development and trade openness accelerate growth, whereas inflation dampens economic growth. Further, the causality test showed bidirectional causality between ICT growth and financial development growth but a unidirectional causality from financial development to ICT diffusion in developing countries. Originality/value: The study recommends synchronizing public and private sector investment for a synergistic effect on ICT infrastructure and adequate investment in the financial sector to increase the growth rate in developing countries. Economic policies should be adopted toward incentives and subsidies to ensure affordable ICT services for disadvantaged communities. Also, training programs focussing on enhancing digital literacy to enable all segments of the population to use digital platforms for financial services are recommended.
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    Impact of financial stress in advanced and emerging economies
    (Universidad ESAN. ESAN Ediciones, 2022-07-08) Valerio Roncagliolo, Flavio César; Villamonte Blas, Ricardo Norberto
    Purpose: The purpose of the paper is to examine the differences in the impact of financial stress in advanced and emerging economies. Design/methodology/approach: The authors employ a panel vector autoregression model (PVAR) for a comparative analysis of the relationship between financial stress, economic growth and monetary stability in 14 advanced and emerging economies. A homogeneous measure of financial stress is constructed and measured as an index that provides signals of stress episodes in an economy. Findings: The impact of financial stress shocks is greater on the economic growth of advanced economies; likewise, financial stress shocks are significant only in advanced economies. The interbank interest rate is negatively affected by financial stress in emerging economies. In general, the results show a clear view of the importance of financial stability and the economic relevance of financial stress measures in the context of macro-prudential regulation. Originality/value: The results can be extended to monetary policy to implement measures that mitigate the impact of future financial crises.
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    Pequeña empresa: estrategias sistémicas para el crecimiento de un entorno global
    (Universidad ESAN. ESAN Ediciones, 2002-06-30) Roca Tavella, Santiago; Vargas Becerra, Braulio
    This article takes stock of the neoliberal essay in Peru and raises the need to promote national growth based on an endogenous vision and a national strategy of systemic competitiveness that enhances the collective effort of domestic actors, especially small businesses, so that the country can assess changes in the environment instead of succumbing to them. It ends by formulating a general and orderly framework of development policies that will serve as a guide for the design of systemic strategies and for the growth and consolidation of small businesses, in what constitutes the step from an existentialist approach to an approach that prioritizes competitive viability and growth based on high-value exports.
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    The role of natural resources in economic growth: new evidence from Pakistan
    (Universidad ESAN. ESAN Ediciones, 2020-12-01) Shabbir, Aiza; Kousar, Shazia; Kousar, Farzana
    Purpose: The purpose of this study is to investigate the role of natural resources in economic growth by taking evidence from Pakistan. Design/methodology/approach: Total five variables are used in this study, i.e. GDP, population density, water renewable resources, deforestation and the emissions of CO2, based on time series data from 1972 to 2016. The annual data is collected from World Development Indicators, Food and Agriculture Organization and Pakistan Economic Survey. Vector error correction model technique is applied to find out the long-run results. Findings: Results depict that all variables have a negative and significant relationship over the long run at 5% level of significance. It is observed that 1% increase in population accordingly will degrade GDP by 0.334496%. Correspondingly, 1% increase of water renewable resources will degrade GDP by 0.450647%. Findings are aligning with the study of. Moreover, 1% increase in deforestation will diminish GDP by 0.127821%. If we increase 1% of CO2, GDP will be reduced by 0.802420%. Research limitations/implications: Results depict that all variables have a negative and significant relationship over the long run at 5% level of significance. It is observed that 1% increase in population accordingly will degrade GDP by 0.334496%. Correspondingly, 1% increase of water renewable resources will degrade GDP by 0.450647%. Findings are aligning with the study of. Moreover, 1% increase in deforestation will diminish GDP by 0.127821%. If we increase 1% of CO2, GDP will be reduced by 0.802420%. Practical implications: Family planning may be our last hope. Viable and fruitful family planning ought to be introduced. Status of ladies should be brought up in the society by providing education and employment opportunities. Time of marriage ought to be brought up to 25 years in case of males and 23 in case of females; this can help in decreasing the number of births. Having a large population will not automatically translate into economic prosperity. Investment in well-being, education, sound economic policies and good governance will bring about accelerated economic growth. Originality/value: In recent years, the issue of worldwide water shortage has attracted increasing consideration within scholarly community, non-administrative organizations and the media. Water shortage is a significant and ever-increasing danger to the environment, human well-being, advancement, energy security and the worldwide food supply. This work will introduce real issues and requirements relating to water, environmental changes and their impact on economic growth of Pakistan.
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    External debt and growth: role of stable macroeconomic policies
    (Universidad ESAN. ESAN Ediciones, 2020-12-01) Dey, Sima Rani; Tareque, Mohammad
    Purpose: This study aims to examine the impact of external debt on economic growth in Bangladesh within a broader macroeconomic scenario. Design/methodology/approach: In the process of doing so, it assesses the empirical cointegration, long-run and short-run dynamics of the concerned variables for the period of 1980–2017 applying the autoregressive distributed lag (ARDL) bounds testing approach to cointegration. First, debt-gross domestic product linkage explores the impact of external debt impact on economic growth using a set of macro and country risk variables, and then this linkage is also analyzed along with a newly formed macroeconomic policy (MEP) variable using principal component analysis. Findings: The study results reveal the negative impact of external debt on GDP growth, but the larger positive impact of MEP index indicates that this adverse effect of debt can be mitigated or even nullified by sound MEP and appropriate human resource policy. Originality/value: The dynamic effects of different shocks (external debt and macro policy variable) on economic growth by vector autoregression impulse response function also confirm our ARDL findings.
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    El fenómeno de la informalidad y su contribución al crecimiento económico: el caso de la ciudad de Guayaquil
    (Universidad ESAN. ESAN Ediciones, 2014-12-30) Véliz Torresano, José; Díaz Christiansen, Suleen
    Under-employment or informality is a compelling truth in developing countries, and Ecuador is no exception, least of all the city Guayaquil. This descriptive study attempts to investigate informality, its reality and characteristics, and especially the contribution to economic growth and its potential in future urban development, by determining the variables that influence the non-formalization of its activities. The results support that informality may be seen as an enterprise mechanism or associated phenomenon. The activities carried out by individuals in an informal way have an impact, not to the extent expected, on the production and growth of a city or region.
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    Does more energy consumption support economic growth in net energy-importing countries?
    (Universidad ESAN. ESAN Ediciones, 2017-06-01) Esen, Ömer; Bayrak, Metin
    Purpose – This study aims to examine the effects of energy consumption on economic growth by means of a panel data analysis of 75 net energy-importing countries for the period 1990 to 2012. Design/methodology/approach – For the purpose of the analysis, the countries are classified into two groups, and each group is then classified into subgroups. The first group is formed based on the energy import dependence of the countries and is classified into two subgroups according to whether their dependence is greater than or less than 50 per cent. The second group is formed based on the income level of the countries and is classified into four subgroups, specifically, low-income economies, lower-middle-income economies, upper-middle-income economies and high-income economies. Findings – The findings obtained for both panel data and for each country indicate that there is a positive and statistically significant relationship between energy consumption and economic growth over the long term such that energy consumption contributes more to economic growth as the import dependence of the country decreases. Moreover, the effect of energy consumption on economic growth decreases as the income level of the country increases. This indicates that the efficient use of energy is as important as energy consumption, which is regarded as an important indicator of economic development. Originality/value – The authors expect that these findings will make a valuable contribution to the results of future studies, as they analyze the relationships among the variables by including the energy intensities of the countries.
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    Financial development and economic growth: panel evidence from BRICS
    (Universidad ESAN. ESAN Ediciones, 2019-06-01) Guru, Biplab Kumar; Yadav, Inder Sekhar
    Purpose - The purpose of this paper is to examine the relationship between financial development and economic growth for five major emerging economies: Brazil, Russia, India, China and South (BRICS) during 1993 to 2014 using banking sector and stock market development indicators. Design/methodology/approach - To begin with, the study first examined some of the principal indicators of financial development and macroeconomic variables of the selected economies. Next, using generalized method of moment system estimation (SYS-GMM), the relationship between financial development and growth is investigated. The banking sector development indicators used in the study include size of the financial intermediaries, credit to deposit ratio (CDR) and domestic credit to private sector (CPS), whereas the stock market development indicators are value of shares traded and turnover ratio. Also, some macroeconomic control variables such as inflation, exports and the enrolment in secondary education were used. Findings - The examination of the principal indicators of financial development and macroeconomic variables have shown considerable differences between the selected economies. Results from the dynamic one-step SYS-GMM estimates confirm that in presence of turnover ratio, all the selected banking development indicators such as size of financial intermediaries, CDR and CPS are positively significantly determining economic growth. Similarly, in presence of all the selected banking sector development indicators, value of shares traded is found to be positively significantly associated with economic growth. However, the same is not true when turnover ratio is regressed in presence of banking sector variables. Overall, the evidence suggests that banking sector development and stock market development indicators are complementary to each other in stimulating economic growth. Practical implications - A positive association between financial development and growth indicates that the policymakers should take necessary measures toward simultaneous development of both banking sector as well as stock market for inducing growth. Originality/value - The present paper attempts to examine the relationship between financial development and growth using both banking sector and stock market development indicators which has not been attempted before for BRICS. Also, most of the existing studies are found in case of developed economies. This paper tries to fill this void by studying five major emerging economies.
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    Global Entrepreneurship Monitor : Perú 2009
    (Universidad ESAN, 2010) Serida, Jaime; Nakamatsu, Keiko; Uehara, Liliana
    En el 2009, el Perú, con un TEA 20.9%, es el sexto país en el mundo, y el segundo entre las economías basadas en eficiencia, con mayor índice de actividad emprendedora en etapas iniciales. Es decir, uno de cada cinco peruanos adultos se encontraba realizando algún tipo de emprendimiento. Comparado con años anteriores, existe una tendencia decreciente explicable por el crecimiento económico sostenido del país. Estos emprendimientos en etapas iniciales son cada vez más frecuentemente impulsados por varones (24% de la población adulta) que por mujeres (18% de la población adulta), siendo el nivel de participación femenina de 78 mujeres por cada 100 varones. Por otro lado, la edad promedio de los emprendedores en etapas iniciales es de 35.9 años, las personas que tienen mayor nivel educativo muestran una mayor propensión a emprender, la mayoría de los emprendedores se sitúa en la media o por encima de la media del ingreso per cápita del país y casi el 60% de los emprendedores en etapas iniciales se reconoce autoempleado en su negocio.