Diminishing and negative welfare returns of economic growth: an index of sustainable economic welfare (ISEW) for Thailand

2005 ◽  
Vol 54 (1) ◽  
pp. 81-93 ◽  
Author(s):  
Matthew Clarke ◽  
Sardar M.N. Islam
Keyword(s):  
Economic Growth ◽  
Economic Welfare

Women’s Roles and Rights in the Means of Earning and Nation’s Economic Growth

2021 ◽  
Vol 21 (2) ◽  
Author(s):  
Dr. Abdul Haye Madni ◽  
Dr Sumbal Ansar
Keyword(s):  
Economic Growth ◽  
Economic Welfare ◽  
Human Society ◽  
Business Ownership ◽  
Important Thing ◽  
Economic Role ◽  
Economic Issues ◽  
Western Concept ◽  
Agriculture Labor ◽  
Modern Era

Women are the most important members of the society. Islam is the only religion where women are given their due rights in the light of rights and duties without discrimination. As we know that in human society there have been opinions based on discrimination against women’s character and role. Prophet Mohammad (PBUH) has completed all aspects of prophet-hood and nothing can be added and removed in it. And the most important thing is that Prophet (PBUH) has shed ample light on women’s social and economic role. This elaboration of women’s social and economic role has uncovered the fact that during the time of Prophet Mohammad and spread of Islam women have participated to their utmost to benefit Islam. Among different aspects of women’s liberation one aspect is their right of trade and business ownership which is complete contrast against western concept of women liberation.  Though in Islam, women are not obligated to earn for living, but Islam gives them proper right in certain economic issues like, Feminine services, breastfeeding, incubation, and medicine and women surgeries. In the light of mentioned example we conclude that women are one of the most important part of economic welfare of the society, and there is no place of Western claim that Islam has made women “a disabled part”. In the light of Prophet Mohammad’s (PB UH) character and sayings all possible means of earning for women and their level of participation is discussed and elaborated in accordance with the following professions: trade, agriculture, labor, handicraft. In this brief article following topics will be discussed: Women’s monetary right in the light of prophet’s Teachings.  Legitimate means of earning for women (in accordance with modern era) Illegitimate means of earning for women (in accordance with modern era) Suggestions and recommendations. 

scholarly journals ANALISIS DAMPAK LIBERALISASI PERDAGANGAN KAWASAN EKONOMI ASIA TERHADAP KINERJA EKONOMI MAKRO ASEAN

2018 ◽  
Vol 1 (2) ◽  
pp. 104-119
Author(s):  
Ichsan Zulkarnaen ◽  
Rina Oktaviani ◽  
Mangara Tambunan ◽  
Yulius Yulius
Keyword(s):  
Economic Growth ◽  
Trade Liberalization ◽  
Main Tool ◽  
Developed Countries ◽  
Terms Of Trade ◽  
Economic Welfare ◽  
Import Tariff ◽  
Asean Countries ◽  
The Impact ◽  
Japan And China

This research intends to explore the impact of trade liberalization on macroeconomic performances, especially on Indonesia and other ASEAN Countries. The GTAP model is used as the main tool of analysis. The findings show that the benefit of the trade liberalization is still dominated by developed countries such as Japan and China. The elimination of import tariff results an increase in economic growth and economic welfare on all participated countries. It also results in an increase in GDP deflator and terms of trade which meant decreasing competitiveness.  Keywords: Asia trade liberalization, ASEAN countries, GTAP model

scholarly journals Governance and economic welfare: A BRICS panel analysis

2021 ◽  
Vol 10 (2, special issue) ◽  
pp. 290-299
Author(s):  
Adrino Mazenda ◽  
Priviledge Cheteni
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Income Inequality ◽  
Income Distribution ◽  
Good Governance ◽  
Governance Structure ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Economic Welfare ◽  
Brics Countries

An effective governance structure is central to growth, sustainable development and equal income distribution (economic welfare) (Glass & Newig, 2020). Brazil-Russia-India-China-South Africa (BRICS) countries differ in governance structure with varying outcomes on economic welfare. This article explores the extent to which governance impacts economic welfare in BRICS countries viewed as an emerging powerhouse, with significant growth prospects — yet distinct in their governance systems, and income variability amongst its population. The article utilised panel static models (pooled ordinary least squares (OLS) and fixed effects (FEs) estimator) from 1996 to 2019 to investigate the effects of governance proxied by the World Bank World Governance Indicators (WGI) on economic welfare (proxied from two channels): quantitative (output stock/economic growth) and qualitative (reduced income inequality). The two channels combine the ordinary measure of welfare: gross domestic product (GDP), a proxy for economic growth, household and income distribution, and a proxy for income inequality drawing (Heys, 2019). The findings revealed that governance produced varying results on the economic welfare in BRICS. Democratic countries which practise good governance principles (South Africa and Brazil) had a negative economic welfare effect from both channels compared to one-party states, such as China and Russia. Therefore, the findings invalidate the null hypothesis that good governance is a catalyst for economic welfare. Sound policies, especially on structural change and equitable income distribution are necessary to enhance economic welfare in BRICS countries. The article is relevant and discloses iterations of the distinction between good governance and sound policy implications on developing nations’ economic welfare.

scholarly journals PENGARUH PENDAPATAN DAERAH DAN KINERJA KEUANGAN TERHADAP PERTUMBUHAN EKONOMI DAN KESEJAHTERAAN MASYARAKAT PADA KABUPATEN/KOTA PROVINSI LAMPUNG

AKUNTABILITAS ◽  
2019 ◽  
Vol 11 (1) ◽  
pp. 1-14
Author(s):  
Rita Irviani ◽  
Citrawati Jatiningrum ◽  
Kasmi Kasmi
Keyword(s):  
Economic Growth ◽  
Financial Performance ◽  
Empirical Evidence ◽  
Significant Influence ◽  
Economic Welfare ◽  
Regional Income ◽  
Regional Autonomy ◽  
Welfare Society ◽  
The Relationship ◽  
Growth Economic

Regional income is one of the important factors in the implementation of government wheels and become one of the important benchmarks in the implementation of regional autonomy. This study aims to test empirically the relationship between regional revenue and financial performance on Economic Growth and Economic Welfare in the Regency/City Lampung Province. The data used are data of regencies/cities in Lampung Province 2014-2016. By using Panel method with fixed method, the result was significant influence between regional income and financial performance to growth economic and welfare society. Empirical evidence indicates that although all regional income variables are influential, the regional restitution has no significant effect on the Welfare of the Community in Lampung Province.

scholarly journals E-COMMERCE IMPACT ON ECONOMIC GROWTH

2020 ◽  
Author(s):  
Aleksandar Parishev ◽  
Goran Hristovski ◽  
Petar Jolakoski ◽  
Viktor Stojkoski
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Purchasing Power Parity ◽  
Generalized Method Of Moments ◽  
Capital Formation ◽  
Future Research ◽  
Economic Welfare ◽  
Power Parity ◽  
Wide Range ◽  
The Impact

Ever since the dawn of merchanting, traders have sought ways to ease the cost of transactions. The recent growth of information and communication technology provided a wide range of solutions for international and national transactions by introducing ecommerce. As a result of this development, e-commerce recently emerged as a dominant transaction activity with a significant impact on the national economies. In recent years the potential of e-commerce has been widely discussed, with a particular focus on its effects on greater economic welfare and prosperity. Yet, despite an abundance of studies that have been done on investigating the role of e-commerce in an economy, a thorough and detailed econometric examination on its impact is still an underexplored avenue. This paper attempts to bridge this gap by investigating the impact of volume of online transactions (e-commerce) and gross capital formation on economic growth, using panel data on 31 European countries covering a 16 years’ period. The empirical panel data model is estimated by employing the Generalized Method of Moments. The main findings from the study show that e-commerce and gross capital formation have positive and significant effects on GDP per capita based on purchasing power parity, with e-commerce having a weaker development-enhancing effect in comparison to gross capital formation. In addition, this paper proposes a fruitful discussion on how to provide balance between the growth of e-commerce, the focus on improving other aspects and generating optimal economic welfare and prosperity. Our paper ends with directions for future research.

scholarly journals Productivity Slowdown, Exhausted Opportunities and the Power of Human Ingenuity—Schumpeter Meets Georgescu-Roegen

2019 ◽  
Vol 5 (3) ◽  
pp. 39 ◽  
Author(s):  
Andreas Pyka ◽  
Kristina Bogner ◽  
Sophie Urmetzer
Keyword(s):  
Economic Growth ◽  
Social Justice ◽  
Environmental Impact ◽  
Human Mind ◽  
Economic Welfare ◽  
Productivity Slowdown ◽  
Negative Environmental Impact ◽  
Technological Opportunities ◽  
Transformation Processes ◽  
Growth Indicators

Western economies nowadays are confronted with a predicted productivity slowdown resulting in diminishing rates of economic growth. While some scholars see these developments as an indication of the approaching end of growth due to fully exploited technological opportunities, this article contends that the possibilities for radical, paradigm changing innovations are far from being exploited. Building on contributions from Schumpeter and Georgescu-Roegen, we argue that the human capacity to expand technological and intellectual frontiers must not be underestimated. In a selective retrospect, our narrative identifies and describes four historical incidents reflecting different perceptions of the power of the human mind. It synthesizes the mentioned economists’ viewpoints with the effects of these incidents to reproduce the intellectual roots of the recently developed concept of Dedicated Innovation Systems (DIS). We conclude that traditional macro-level indicators are not suitable to capture transformation processes, which is why we propose to interpret growth indicators and the alleged productivity slowdown quite differently. We argue that human ingenuity and transformation processes dedicated to sustainability will open up new opportunity spaces, thereby combining an increase in economic welfare and social justice with a reduction of negative environmental impact.

scholarly journals Assessment of Yemen’s macroeconomy performance during 2001-2015 using Kaldor’s magic square

2021 ◽  
Vol 8 (6) ◽  
pp. 118-127
Author(s):  
Mehmet Hilmi Özkaya ◽  
◽  
Maeen Alhuwesh ◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Current Account ◽  
Economic Performance ◽  
Economic Welfare ◽  
Economic Variables ◽  
Magic Square ◽  
Welfare Indicator ◽  
Better Than

Assessing a certain country’s macro-economy performance faces innumerable challenges, of which the most important ones are running counter to the objectives of economic policy. Added to these challenges is the absence of a consensus among economists regarding the identification of variables, which can be taken for granted while assessing a country’s macro-economy performance? The present study aims at assessing Yemen’s macro-economy performance during the period 2001-2015 using the four economic variables (economic growth, unemployment, inflation, and current account) that constitute Kaldor’s Magic Square chart of 1971. To avoid challenges connected with variables’ measurement, the economic welfare indicator has been used. The findings show a drastic deterioration in the level of economic welfare during the period mentioned above, with an impressive decrease in the value of economic welfare from 0.36 in 2001 to zero in 2015 as the magic square scale showed. Assessing the economic performance during the period showed that the economic performance in 2001 was better than that of 2015, with a departure of Yemen’s economic performance from the performance of the wonderland economy. Hence, Yemen’s economy can be described as an ill-performance economy, basically due to the high averages of unemployment and inflation.

scholarly journals FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP KEMISKINAN DI KABUPATEN SAMPANG, MADURA

2016 ◽  
Vol 13 (2) ◽  
pp. 252
Author(s):  
. Jufriadi
Keyword(s):  
Economic Growth ◽  
Research Result ◽  
Well Being ◽  
Economic Welfare ◽  
Indigent Population ◽  
Year 2013

 Beggary constitute multidimensi's phenomenon, defined and is measured deep a lot of trick. In most cases, beggary was measured by economic welfare terms, as propertied as and consumption. Someone is said hole in the wall if it lies under minimum well-being zoom given already agree. Usufruct analyze can be known that t ingkat is accepted income beggary at Lacquer Regency experiences one decrease of year go to year. Of research result is known on 10 poverty the last year at Regency Lacquer experiences sizable decrease. At year 2004 total one 333.984 person, indigent population at year 2013 as 252.430 person. It figures to happen repair at Regency Lacquer in term tacling problem beggary. Available influence among population, Economic growth and SMA'S Grad Amount onto to beggary at Lacquer Regency. Proportionate islandic growth straight to beggary, its mean the greater its resident growth therefore the greater too total indigent society at Regency Lacquer. Meanwhile economic growth and SMA'S grad Population onto proportionate reverse with poverty. The greater economic growth runaway speed and SMA'S grad amount onto therefore potentially reduces to foot up society hole in the wall at Lacquer Regency.

scholarly journals Picking the Right Arrow for the Target: Modelling the Economic Impact of Remittance on Agribusinesss Entreprenuership and Youth Employment in Sub-Saharan Africa

2021 ◽  
Vol 10 (1) ◽  
pp. 18
Author(s):  
Gamel Abdul-Nasser Salifu
Keyword(s):  
Economic Growth ◽  
Economic Impact ◽  
Poverty Reduction ◽  
Labour Supply ◽  
Rural Youth ◽  
Sub Saharan Africa ◽  
Youth Employment ◽  
Economic Welfare ◽  
Methodological Approaches ◽  
Sub Saharan

The consequences of conflictual views on modelling the economic impact of remittances on agribusiness entrepreneurship and economic growth, has been present for a long time in the economic literature, albeit in a somewhat scattered way. This has attracted wide-spread criticism for agribusiness inititaives and its failure to address rural unemployment within the context of youth participation in the global food markets. This paper provides a summary of the global evidence published in the thematic area of international migration-remittance and sustainable development with emphasis on the financialisation impact of remittance on agribusiness entreprenuership and economic growth. The paper selectively reviews over 100 documented cases that offer insights into the methodological approaches for empirical modelling of remittance studies around the world. The paper bridges different stands of literature in economic and business management sciences and exemplifies the new complementaries between remittance, agribusiness and supply chain developments. Much as the paper advances no particular theory for modelling the economic impact of remittances on agribusiness entreprenuership and growth, it clearly offers insights into picking the appropriate methodological approaches for empirical estimation of the net effects of remittances on agribusiness entrepreneurship and rural youth employment in Africa, Asia and Latin America. The paper pinpoints ample evidence and brings a case for use of randomized experimentation approaches in Sub-Saharan Africa prone to the vagaries of weather- shocks and climate change. The paper further elaborates the nexus between remittance and contemporary development themes of poverty reduction and inequality, investment and savings, labour supply participation and economic growth. The experimental evidence reported around the globe showed that remittances have positive effects on poverty reduction but negative ramifications for labour supply, education, and economic growth. The analysis made a startling discovery which demonstrated that although, remittances reduced labour supply participation in developing economies; it significantly increased consumption of luxury goods in migrant households and made no positive contribution whatsoever to economic growth. This sorepoint courts new attention on resolution of the dilemma of remittance on economic welfare and advances an immediate redress of the emerging crises of methodological misuse in Development economics. Specifically the paper finds penalties with choice of methodological approaches for modelling the economic impacts of remitance on agribusiness entrepreneurship and economic welfare and advocated the inculcation of political economy perspectives in order to intergrate the multidimensionality of the complicated linkages of remittance to agribusiness entrepreneurship, rural youth employment and sustainable economic growth.

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