The Role of Aggregate Demand in Kaldor's Late Contributions to Economic Growth: A Reply

2015 ◽  
Vol 27 (3) ◽  
pp. 450-456 ◽  
Author(s):  
Antonella Palumbo
Keyword(s):  
Economic Growth ◽  
Aggregate Demand

scholarly journals Macroeconomics Activity and Role of Zaka in Achieving Economic Stability (Aggregate Demand/ Mathematical Analysis Study): الزكاة والنشاط الاقتصادي الكلي ودورهما في تحقيق الاستقرار الاقتصادي (الطلب الكلي/ دراسة تحليلية اقتصادية رياضية)

2021 ◽  
Vol 5 (23) ◽  
pp. 23-1
Author(s):  
Ahmad Mohammad Alsaad, Shatha Musa Al-Rawabdeh Ahmad Mohammad Alsaad, Shatha Musa Al-Rawabdeh
Keyword(s):  
Economic Growth ◽  
Mathematical Analysis ◽  
Economic Activity ◽  
Aggregate Demand ◽  
Graphical Analysis ◽  
Economic Stability ◽  
Analysis Study ◽  
Fund Development ◽  
Fund Investment

This research aimed to clarify and show the economic impact of Zaka fund development through theoretical, mathematical, and graphical analysis on macroeconomics variables which is related to aggregate demand, Researchers used theoretical, mathematical, graphical approaches for explanation economic variables. and used deductive approach through shows the effect of zakat on the aggregate Demand. The researcher concludes that the duty of Zaka induces economic growth and protects the economy from risk fluctuations whether it is recession or inflation. The researcher recommends to work on promoting the revival of Zaka, and the Zakat should be compulsory not voluntary through laws and regulations, ࢫbecause it raises the level of economic activity through its direct effect to stimulate fund investment, raise consumer’s demand and expand the market.

scholarly journals Effects of Internal and External Imbalances and the Role of Relative Prices on Economic Growth: Evidence From Turkey

SAGE Open ◽  
2020 ◽  
Vol 10 (2) ◽  
pp. 215824402091949
Author(s):  
Irfan Civcir ◽  
M. Emir Yücel
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Aggregate Demand ◽  
Balance Of Payments ◽  
Initial Model ◽  
Relative Prices ◽  
External Imbalances ◽  
External Demand ◽  
Interest Payments

Balance of payments constrained growth model considers that if a country has a chronic external deficit, economic growth can be constrained. Initial model extended by taking into account the effects of capital flows, external debt sustainability, interest payments, budget deficit or public debt, simultaneous effect of internal and external imbalance, and the role of relative prices. We further incorporate Turkey’s high intensity of imports in the aggregate demand components and estimated the model with system estimator. The new version of the model improves significantly explaining the growth in Turkey. Our results reveal that economic growth in Turkey constrained by internal and external imbalances and relative prices play a significant role. Policies aimed at changing the structure of the imports and exports are the most effective for achieving higher growth. It is also shown that economic growth in Turkey highly depends on external demand when the strong depreciation of the domestic currency also acts as a stimulus to growth.

scholarly journals ON HARROD’S NATURAL RATE OF GROWTH AND THE ROLE OF DEMAND: AN EMPIRICAL ASSESSMENT

2017 ◽  
Vol 8 (16) ◽  
pp. 22
Author(s):  
Estefanía Molerés Regalado ◽  
Ignacio Perrotini Hernández
Keyword(s):  
Economic Growth ◽  
Aggregate Demand ◽  
The United States ◽  
Supply Side ◽  
Natural Rate ◽  
Potential Output ◽  
Seminal Contribution ◽  
Actual Growth ◽  
Determinants Of Economic Growth

Starting from the seminal contribution of Harrod (1939), the current paper tests the hypothesis of endogeneity of the natural growth rate of output visà- vis aggregate demand fl uctuations for the NAFTA economies (Canada, Mexico and the United States). Empirical results show that potential output reacts to fl uctuations in actual growth rates, thus signaling that defl ation may lead to stagbilisation (stagnation cum stabilisation) as depression of both eff ective demand and employment impart deleterious eff ects on the actual rate of economic growth. Under elastic conditions of the supply-side of the economy, neglect of the role played by demand does not contribute to a better understanding of the determinants of economic growth.

Lectures in Macroeconomics

2019 ◽  
Author(s):  
Kazimierz Łaski
Keyword(s):  
Economic Growth ◽  
World War Ii ◽  
Aggregate Demand ◽  
Policy Implications ◽  
Total Output ◽  
World War ◽  
The Government ◽  
Main Components ◽  
Distribution Of Income

These lectures in macroeconomics explain the theory and policy implications of macroeconomics in a systematic and logically consistent way. Central to this analysis is the principle of aggregate demand as formulated by the Polish economist Michał Kalecki, who is best known as the originator, along with Keynes, of the Keynesian Revolution in macroeconomics. The lectures cover the main components of aggregate demand, showing the key importance of firms’ investment for total output, employment, and economic growth in both closed and open economies. The main influences on investment are explained and how, through the circular flow of income and expenditure, investment generates profits in the economy. However, investment is unstable and the government therefore has a central role in stabilizing such an economy at high rates of employment. Along with investment, the labor market and wages then determine the distribution of income. This leads on to an examination of the role of money and finance in the contemporary capitalist economy. The analysis is illustrated with statistics and a survey of the evolution of capitalist economies since World War II, along with critical observations on the neoclassical approach to economics.

Stepping in the Shoes of Leaders of Populist Right-Wing Parties

2017 ◽  
Vol 48 (1) ◽  
pp. 40-46 ◽  
Author(s):  
Jolanda Jetten ◽  
Rachel Ryan ◽  
Frank Mols
Keyword(s):  
Economic Growth ◽  
Growth Condition ◽  
Baseline Condition ◽  
Right Wing ◽  
Economic Context

Abstract. What narrative is deemed most compelling to justify anti-immigrant sentiments when a country’s economy is not a cause for concern? We predicted that flourishing economies constrain the viability of realistic threat arguments. We found support for this prediction in an experiment in which participants were asked to take on the role of speechwriter for a leader with an anti-immigrant message (N = 75). As predicted, a greater percentage of realistic threat arguments and fewer symbolic threat arguments were generated in a condition in which the economy was expected to decline than when it was expected to grow or a baseline condition. Perhaps more interesting, in the economic growth condition, the percentage realistic entitlements and symbolic threat arguments generated were higher than when the economy was declining. We conclude that threat narratives to provide a legitimizing discourse for anti-immigrant sentiments are tailored to the economic context.

The Second Start of Transformation in Ukraine?

2014 ◽  
pp. 30-52 ◽  
Author(s):  
L. Grigoryev ◽  
E. Buryak ◽  
A. Golyashev
Keyword(s):  
Economic Growth ◽  
Armed Conflict ◽  
Political Crisis ◽  
Investment Climate ◽  
Institutional Reforms ◽  
Personal Consumption ◽  
Governance Quality ◽  
Political Turmoil

The Ukrainian socio-economic crisis has been developing for years and resulted in the open socio-political turmoil and armed conflict. The Ukrainian population didn’t meet objectives of the post-Soviet transformation, and people were disillusioned for years, losing trust in the state and the Future. The role of workers’ remittances in the Ukrainian economy is underestimated, since the personal consumption and stability depend strongly on them. Social inequality, oligarchic control of key national assets contributed to instability as well as regional disparity, aggravated by identity differences. Economic growth is slow due to a long-term underinvestment, and prospects of improvement are dependent on some difficult institutional reforms, macro stability, open external markets and the elites’ consensus. Recovering after socio-economic and political crisis will need not merely time, but also governance quality improvement, institutions reform, the investment climate revival - that can be attributed as the second transformation in Ukraine.

Economic Growth: New Problems and New Risks

2006 ◽  
pp. 20-37 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Foreign Exchange ◽  
Driving Force ◽  
Structural Changes ◽  
Rate Of Growth

The economic growth, which is underway in Russia, raises new questions to be addressed. How to improve the quality of growth, increasing the role of new competitive sectors and transforming them into the driving force of growth? How can progressive structural changes be implemented without hampering the rate of growth in general? What are the main external and internal risks, which may undermine positive trends of development? The author looks upon financial, monetary and foreign exchange aspects of the problem and comes up with some suggestions on how to make growth more competitive and sustainable.

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