What Drives Inclusive Growth? Evidence from Georgia
top of page
Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute
Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute

Economics and Business

Quarterly Reviews

ISSN 2775-9237 (Online)

asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
crossref
doi
open access

Published: 16 September 2019

What Drives Inclusive Growth? Evidence from Georgia

Joseph I. Amuka, Fredrick O. Asogwa, Chukwudi F. Ezeudeka, Romanus O. Ugwuanyi, Tochukwu Onyechi

University of Nigeria Nsukka, Federal Inland Revenue Services, University of Nigeria Enugu Campus

asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, management journal

Download Full-Text Pdf

doi

10.31014/aior.1992.02.03.135

Pages: 883-890

Keywords: Drives, Inclusive Growth, Evidence, Georgia

Abstract

Inclusive growth is the current debate in development economics because it is seen as central to sustainable economic growth and development. Georgia is one country where growth seems to have been inclusive among the emerging economies. This stimulated a research interest. The paper used growth model and dynamic ordinary least squares method to analyse the Determinants of Inclusive Growth, using Georgia data generated from World Bank Development Indicators between 1996 and 2016. Result shows that growths in industrial and service sectors were significantly responsible for rise in the income share of the poorest and richest income group in Georgia.

References

  1. Anand R.S, S Mishra, and SJ Peiris (2013) Inclusive Growth: Measurement and Determinants. IMF Working Paper 13/135

  2. Asian Development Bank (ADB, 2011) Framework of Inclusive GrowthIndicators: Key Indicators for Asia and the Pacific. (Special Supplement).

  3. Baltagi B. (2001) A Companion to Theoretical Econometrics. Blackwell Publishing

  4. 350 Main Street, Malden, MA 02148-5018, USA 108 Cowley Road, Oxford OX4 1JF, UK

  5. Baum M.; A. Mshvidobadze and H. Tsuruoka (2015) Reducing Child Poverty in Georgia: A

  6. Way Forward, United Nations Children’s Fund

  7. Canlas B. (2016) Investing in Human Capital for Inclusive Growth: Focus on Higher Education. Philippine Institute for Development Studies, Discussion Paper No.2016-02.

  8. Chenery H., MS Ahuwalia, CLG Bell, LJH Duloy and R Jolly (1979) Redistribution with Growth. Published for the World Bank and the Institute of Development Studies University of Sussex Oxford University Press.

  9. Dursun G. and B Ogunleye. (2016) Economic Growth, Employment and Poverty Reduction: The Case of West African Countries. American Journal of Economics   6(1): 50-60

  10. Hirvay I (2011) Consultation on Conceptualizing Inclusive Growth, in United Nations

  11. Development Programme 2011ed, Conceptualizing Inclusive Growth. Discussion in a Two-Day Workshop on Inclusive Growth organized by United Nations Development Programme and India Planning Commission October 24-25. New Delhi, India

  12. Hull K (2009) Understanding the Relationship between Economic Growth, Employment and Poverty Reduction. In OECD (2009 ed) Promoting Pro-Poor Growth: Employment. Economic Growth, Employment and Poverty Reduction P69-94.

  13. Ibukun CO, AG Aremo (2016) Determinants of Inclusive Growth in Nigeria: An ARDL Approach. American Journal of Economics;  7(3): 97-109

  14. Islam R (2014) Human Capital and Inclusive Growth: The Challenge for Bangladesh.

  15. Working Paper on Vision 3030 and Framework for Economic making and Strategy formation in a Pluralistic Democracy, held in Dhaka, Senegal, 21-22 June 2014

  16. Jeong H. (2005) Assessment of Relationship between Growth and Inequality: Micro Evidence from Thailand. Institute of Economic Policy Research, Working Paper No.20

  17. Karnani A. (2011) Reducing Poverty through Employment. Innovations   6( 2) p73-97

  18. Kuznets S. (1955) Economic Growth and Income Inequality. The American Economic Review, Vol.XLV(45) NO.1, P1-28.

  19. Nagaraj R. (2012) Growth, Inequality and Social Development in India: Is Inclusive Growth Possible? Development Pathways to Poverty Reduction, United Nations Research Institute for Social Development (UNRISD), Palgrave, Macmillan.

  20. Ogujiuba K and K Alehile (2011)Inclusive Growth in Nigeria: Policy Issues and Determinant

  21. Organisation for Economic Co-operation and Development (2012) Promoting Inclusive Growth: Challenges and Policies. Paris

  22. Organisation for Economic Co-operation and Development (OECD, 2014) All on Board Making Inclusive Growth Happen. www.oecd.org/publishing/corringenda

  23. Organisation for Economic Co-operation and Development (OECD, 2009) Promoting Pro-Poor Growth Employment 

  24. Ortiz I. and Cummins M. (2011) Global Inequality: Beyond the Bottom Billion. A Rapid Review of Income Distribution in 141 Countries. UNICEF Social and Economic Policy Working Paper, 2011

  25. Potts R. (2012) Social Protection in South Africa: Curing or Causing Poverty. Penn State ofInternational Affairs, p.74-92

  26. Samans R, J Blanke, G Corringan. and M Drzenniek. (2015) Benchmarking Inclusive Growth and Development. World Economic Forum Discussion Paper 2017

  27. Sembene D. (2015) Poverty, Growth and Inequality in sub-Saharan Africa: Did the Walk Match the Talk under PRSP Approac? IMF Working Paper 15/122

  28. Son HH and N Kakwani (2004) Economic Growth and Poverty Reduction: Initial Conditions Matter. International poverty Centre, UNDP, Working paper number 2

  29. United Nations Development Programme (UNDP, 2014) Accelerating Inclusive Growth for Sustainable Human Development in Ethiopia. National Human Development Report, Addis Ababa, Ethiopia, 2014

  30. United Nations Development Programme (UNDP, 2011) Consultation on Conceptualizing Inclusive Growth. New Delhi, India 24-25 October, 2011

  31. World Bank (2018) World Bank Development Indicators

  32. Zhuang J and I Ali. (2010) Poverty, Inequality, and Inclusive Growth in Asia: Measurement, Policy Issues, and Country Studies. DOI:10.7135/UPO9780857288066.003

bottom of page