This paper evaluates the impact of official development assistance on the growth of WAEMU countries using an econometric approach. This assessment heeds the recommendation of the 2002 Monterrey Conference that diversification of development support resources is needed. The results obtained indicate that the total net public assistance received has a positive and significant impact in the short and long term on the growth of WAEMU countries. By diversifying the development support resources of the zone, the minimum threshold of official development assistance needed to boost the growth of the countries of the zone is 13.5% of GDP per capita.
This paper investigates the relationships between energy consumption and GDP growth for 6 Western Balkan countries over 10 years period from 2005 to 2014. The countries under consideration are: Albania, Bosnia and Herzegovina, Croatia, Serbia, Montenegro, and Macedonia, FYR. The aim of this study is to evaluate the energy demand across time and within these countries. The other variables that are considered in the model are the Electricity use per capita, the Oil price referred to Crude Oil International markets price expressed in USD and the exchange rate. Recently, numerous empirical studies have been conducted to detect this relationship, but not specifically to the Western Balkan region. There are general characteristics, due to the common historical background, but also specific patterns of the economic structure shaping the energy demand of each country. The main approaches to energy demand modeling are the Bottom-up and Top Down approaches. Currently important research is conveying also toward the Hybrid models. The demand in this countries is very susceptible to external oscillations, leading to severe exogenous impacts on the long term equilibrium, fitting more towards a top down macroeconometric model.
Financial Inclusion plays an important role in terms of economic growth and poverty reduction owing to inequality, therefore, it is a key aspect of public policy in many governments. This study explores those variables that influence financial inclusion in some Latin American countries, through the use of the panel data econometric technique, based on information provided by the World Bank's Global Findex, and the Statistical Yearbook of the World Bank. ECLAC (Economic Commission for Latin America), during the period between 2007 and 2015. The sample includes 7 countries, namely, Argentina, Brazil, Chile, Colombia, Ecuador, Mexico and Peru. The results indicate that financial inclusion has a positive and significant relationship with the value of GDP per capita, such that the greater the income level which families have, the greater will be the participation in the financial system, and consequently, the greater the degree of financial inclusion. On the other hand, the variable public debt, shows that a high level of indebtedness hinders financial inclusion, therefore, its relationship is negative.
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