Salim Rashid | University of Illinois at Urbana-Champaign (original) (raw)
Papers by Salim Rashid
Applied Economics Letters
We analyze economic convergence across 64 districts of Bangladesh using newly harmonized satellit... more We analyze economic convergence across 64 districts of Bangladesh using newly harmonized satellite night light data over 1992-2018. The growth in night lights-taken as a proxy for regional economic activity-reveals overwhelming evidence of absolute convergence. Regional differences in night light (or income) growth have been shrinking at an annual convergence rate of 4.57%, corresponding to a half-life of 15 years. Net migration plays a relatively prominent role in the regional convergence process.
Bangladesh Development Studies, 1994
Social Science Research Network, 2020
Adam Smith’s economic system followed his philosophical convictions. The policy conclusions came ... more Adam Smith’s economic system followed his philosophical convictions. The policy conclusions came before the analysis. To support his policy of Free Trade, or rather, the ‘system of liberty’, Adam Smith gradually built up his economic system , from the Lectures on Jurisprudence to the Wealth of Nations. In the process, he had to exorcise the impact of unemployment. This paper shows how Smith was enabled to come to such a conclusion. Smith argued that employment was set by technology and prior capital accumulation. Even if Government wished to do so, it could not increase aggregate employment. Much of the paper concerns the various ways in which Smith made such an argument plausible. It also shows how Smith is related to the general equilibrium models of today.
Social Science Research Network, 2010
Palgrave Macmillan UK eBooks, 2018
Southern Economic Journal, Apr 1, 1988
An academic directory and search engine.
In this paper, the dynamic relationships between foreign direct investment (FDI), domestic invest... more In this paper, the dynamic relationships between foreign direct investment (FDI), domestic investment and other determinants of economic growth were examined. Both the short-run and long-run growth processes were modelled using the ARDL approach to carry out cointegration analysis for five ASEAN countries. The main results included (i) domestic investment, FDI, human capital and financial intermediation significantly affected economic growth; (ii) FDI had a positive and significant effect on growth but this was of lesser magnitude as compared to domestic investment; and (iii) a strong support was found for an export-led-growth hypothesis, and the impact of technology transfer from international trade was larger than direct technology transfer from FDI. All in all, our empirical results from the ASEAN countries confirm the view that investments and exports are the engines of growth and it is worthwhile for the authorities to encourage domestic as well as foreign capital to put these countries back on their pre-crisis growth paths.
Southern Economic Journal, Jul 1, 1994
Clean Technologies and Environmental Policy
Universal environmental policies adopt strategies that enhance and encourage the production and u... more Universal environmental policies adopt strategies that enhance and encourage the production and usage of electric vehicles (EVs). Universal cooperation is evident in the framework of agreements or protocols so as to successfully lead countries towards the predetermined goals. The question is whether this trend can reduce global warming or CO2 emissions worldwide. By adopting game theory, this study analyses electricity carbon life cycle in leading EV countries. Results show that although the spread of EVs in Europe and the USA can mitigate carbon emissions, the production and use of electric vehicles in some countries, such as China and India, become a new source of such emissions. This reverse effect is due to the emission of greenhouse gases from electricity sources in these countries. Game theory also suggests that countries with unclean electricity sources should reconsider their plans to produce and use EVs. This study confirms that although carbon emission and global warming a...
Verlag Wirtschaft und Finanzen eBooks, 1999
SSRN Electronic Journal, 2021
We examine economic convergence among subnational regions of Bangladesh over the period 1992-2013... more We examine economic convergence among subnational regions of Bangladesh over the period 1992-2013. Unavailability of the traditional gross domestic product (GDP) for subnational areas and building on findings of recent luminosity literature, we use night lights intensity as a proxy for local economic activity to test the convergence hypothesis. Our results show the existence of both absolute and conditional convergence in night lights intensity, but with a very long half-life of convergence. Moreover, the results also indicate sigma divergence. Together, these findings suggest that regional disparity is persistent and wide across Bangladesh's 544 upazilas (subdistricts). There is evidence that lagging upazilas are catching up with the better off ones, but many are also converging with their neighbors or peers (a phenomenon known as "club convergence"). Overall, consistent with the evidence from studies on regional inequality in Bangladesh, our results also indicate that there is an "east-west" divide in luminosity across the subnational units in Bangladesh.
Economic Policy for Growth, 2000
Journal of the History of Ideas, 1982
Hast thou observed him who belies his religion That is he who repels the orphan And urges not the... more Hast thou observed him who belies his religion That is he who repels the orphan And urges not the feeding of the needy Ah! woe be unto worshippers Who are heedless of their prayers Who would be seen at worship Yet refuse small kindness Surah al Maaun Al-Quran To our ...
This paper uses annual US data to examine the causal relationship between immigration and real GD... more This paper uses annual US data to examine the causal relationship between immigration and real GDP. Despite its implications for policy, a statistically robust relationship between these two series has been difficult to pin down. Our tests reveal that both the series are break-stationary. Therefore, we apply the Gregory-Hansen (1996) residual based cointegration approach to these series to establish a long run relation between them in the presence of regime shifts. Standard Granger causality test shows that the relation flows from economic growth to immigration in the short run, but not the reverse. However, the Error Correction Models within Vector Error Correction framework shows a bidirectional feedback relationship in the long run which is intuitively more appealing.
Economic Policy for Growth, 2000
This account of the Asian Financial Crisis is meant to provide a quick introduction to the role o... more This account of the Asian Financial Crisis is meant to provide a quick introduction to the role of Banking and to suggest by this example that real world events can be understood without much theoretical machinery.1 Throughout I have relied primarily on financial journalists and secondarily on the expository accounts of economists. The journalists provided a clear and comprehensible account and the economists added some details and historical depth; but the economists added no significant theoretical insight. I spent, or rather wasted, some years of reading on Money and Banking, convinced that herein must lie a great mystery. Eventually it dawned on me that the only complexity lay in the execution of policy, not at all in the principles that should guide it. This field is thus another illustration of the need for sound judgement in economics. The forthright words of an experienced banker,— whose straightforward analysis, laced with a variety of delightful anecdotes and helpful tables, is good reading— gave me considerable comfort.2
Applied Economics Letters
We analyze economic convergence across 64 districts of Bangladesh using newly harmonized satellit... more We analyze economic convergence across 64 districts of Bangladesh using newly harmonized satellite night light data over 1992-2018. The growth in night lights-taken as a proxy for regional economic activity-reveals overwhelming evidence of absolute convergence. Regional differences in night light (or income) growth have been shrinking at an annual convergence rate of 4.57%, corresponding to a half-life of 15 years. Net migration plays a relatively prominent role in the regional convergence process.
Bangladesh Development Studies, 1994
Social Science Research Network, 2020
Adam Smith’s economic system followed his philosophical convictions. The policy conclusions came ... more Adam Smith’s economic system followed his philosophical convictions. The policy conclusions came before the analysis. To support his policy of Free Trade, or rather, the ‘system of liberty’, Adam Smith gradually built up his economic system , from the Lectures on Jurisprudence to the Wealth of Nations. In the process, he had to exorcise the impact of unemployment. This paper shows how Smith was enabled to come to such a conclusion. Smith argued that employment was set by technology and prior capital accumulation. Even if Government wished to do so, it could not increase aggregate employment. Much of the paper concerns the various ways in which Smith made such an argument plausible. It also shows how Smith is related to the general equilibrium models of today.
Social Science Research Network, 2010
Palgrave Macmillan UK eBooks, 2018
Southern Economic Journal, Apr 1, 1988
An academic directory and search engine.
In this paper, the dynamic relationships between foreign direct investment (FDI), domestic invest... more In this paper, the dynamic relationships between foreign direct investment (FDI), domestic investment and other determinants of economic growth were examined. Both the short-run and long-run growth processes were modelled using the ARDL approach to carry out cointegration analysis for five ASEAN countries. The main results included (i) domestic investment, FDI, human capital and financial intermediation significantly affected economic growth; (ii) FDI had a positive and significant effect on growth but this was of lesser magnitude as compared to domestic investment; and (iii) a strong support was found for an export-led-growth hypothesis, and the impact of technology transfer from international trade was larger than direct technology transfer from FDI. All in all, our empirical results from the ASEAN countries confirm the view that investments and exports are the engines of growth and it is worthwhile for the authorities to encourage domestic as well as foreign capital to put these countries back on their pre-crisis growth paths.
Southern Economic Journal, Jul 1, 1994
Clean Technologies and Environmental Policy
Universal environmental policies adopt strategies that enhance and encourage the production and u... more Universal environmental policies adopt strategies that enhance and encourage the production and usage of electric vehicles (EVs). Universal cooperation is evident in the framework of agreements or protocols so as to successfully lead countries towards the predetermined goals. The question is whether this trend can reduce global warming or CO2 emissions worldwide. By adopting game theory, this study analyses electricity carbon life cycle in leading EV countries. Results show that although the spread of EVs in Europe and the USA can mitigate carbon emissions, the production and use of electric vehicles in some countries, such as China and India, become a new source of such emissions. This reverse effect is due to the emission of greenhouse gases from electricity sources in these countries. Game theory also suggests that countries with unclean electricity sources should reconsider their plans to produce and use EVs. This study confirms that although carbon emission and global warming a...
Verlag Wirtschaft und Finanzen eBooks, 1999
SSRN Electronic Journal, 2021
We examine economic convergence among subnational regions of Bangladesh over the period 1992-2013... more We examine economic convergence among subnational regions of Bangladesh over the period 1992-2013. Unavailability of the traditional gross domestic product (GDP) for subnational areas and building on findings of recent luminosity literature, we use night lights intensity as a proxy for local economic activity to test the convergence hypothesis. Our results show the existence of both absolute and conditional convergence in night lights intensity, but with a very long half-life of convergence. Moreover, the results also indicate sigma divergence. Together, these findings suggest that regional disparity is persistent and wide across Bangladesh's 544 upazilas (subdistricts). There is evidence that lagging upazilas are catching up with the better off ones, but many are also converging with their neighbors or peers (a phenomenon known as "club convergence"). Overall, consistent with the evidence from studies on regional inequality in Bangladesh, our results also indicate that there is an "east-west" divide in luminosity across the subnational units in Bangladesh.
Economic Policy for Growth, 2000
Journal of the History of Ideas, 1982
Hast thou observed him who belies his religion That is he who repels the orphan And urges not the... more Hast thou observed him who belies his religion That is he who repels the orphan And urges not the feeding of the needy Ah! woe be unto worshippers Who are heedless of their prayers Who would be seen at worship Yet refuse small kindness Surah al Maaun Al-Quran To our ...
This paper uses annual US data to examine the causal relationship between immigration and real GD... more This paper uses annual US data to examine the causal relationship between immigration and real GDP. Despite its implications for policy, a statistically robust relationship between these two series has been difficult to pin down. Our tests reveal that both the series are break-stationary. Therefore, we apply the Gregory-Hansen (1996) residual based cointegration approach to these series to establish a long run relation between them in the presence of regime shifts. Standard Granger causality test shows that the relation flows from economic growth to immigration in the short run, but not the reverse. However, the Error Correction Models within Vector Error Correction framework shows a bidirectional feedback relationship in the long run which is intuitively more appealing.
Economic Policy for Growth, 2000
This account of the Asian Financial Crisis is meant to provide a quick introduction to the role o... more This account of the Asian Financial Crisis is meant to provide a quick introduction to the role of Banking and to suggest by this example that real world events can be understood without much theoretical machinery.1 Throughout I have relied primarily on financial journalists and secondarily on the expository accounts of economists. The journalists provided a clear and comprehensible account and the economists added some details and historical depth; but the economists added no significant theoretical insight. I spent, or rather wasted, some years of reading on Money and Banking, convinced that herein must lie a great mystery. Eventually it dawned on me that the only complexity lay in the execution of policy, not at all in the principles that should guide it. This field is thus another illustration of the need for sound judgement in economics. The forthright words of an experienced banker,— whose straightforward analysis, laced with a variety of delightful anecdotes and helpful tables, is good reading— gave me considerable comfort.2