166 KB35 KB200320242015Nindi, Angelique G.Odhiambo, Nicholas M.številka:1letnik:13str. 59-74COBISSID_HOST:1537419204ISSN:1854-6935URN:URN:NBN:SI:doc-E86OSXHVenFaculty of managementManaging global transitionsardl-bounds testing approacheconomic growthgospodarska rastpovertyrevščinaSvaziSwazilandPoverty and economic growth in Swaziland| An empirical investigation|This paper examines the causal relationship between poverty reduction and economic growth in Swaziland during the period 1980-2011. Unlike some of the previous studies, the current study uses the newly developed ARDL-bounds testing approach to co-integration, and the ecmbased Granger causality method to examine this linkage. The study also incorporates financial development as a third variable affecting both poverty reduction and economic growth - thereby leading to a trivariate model. The results of this study show that economic growth does not Grangercause poverty reduction in Swaziland - either in the short run or in the long run. Instead, the study finds a causal flow from poverty reduction to economic growth in the short run. These findings, however, are not surprising, given the high level of income inequality in Swaziland. Studies have shown that when the level of income inequality is too high, economic growth alone may not necessarily lead to poverty reductionRazprava obravnava naključno povezavo med zmanjševanjem revščine in gospodarsko rastjo v Svaziju v obdobju 1980-2011. Trenutna študija, za razliko od nekaterih predhodnih študij, omenjeno povezavo obravnava na podlagi novega pristopa h kointegraciji s testiranjem na podlagi avtoregresijskega modela z razporejenimi odlogi in Grangerjevo metodo vzročnosti, ki temelji na modelu popravljanja napak (ECM). Raziskava vključuje tudi finančni razvoj, ki vpliva tako na zmanjševanje revščine kot na gospodarsko rast, in s tem vzpostavlja model s tremi spremenljivkami. Rezultati študije so pokazali, da gospodarska rast po Grangerjevi metodi ne povzroča zmanjševanja revščine v Svaziju, ne na kratki ne na dolgi rok. Študija namreč kaže na naključno prehajanje od zmanjševanja revščine h gospodarski rasti na kratki rok. Te ugotovitve zaradi visoke stopnje dohodkovne neenakosti v Svaziju niso presenetljive. Raziskave so pokazale, da v primeru previsoke stopnje dohodkovne neenakosti gospodarska rast ne vodi nujno v zmanjšanje revščineTEXTznanstveno časopisjejournalsSlovenian National E-content AggregatorNational and University Library of SloveniaUniverza na Primorskem, Fakulteta za management