Economic growth, public welfare and sustainability: an empirical system analysis

1996 ◽  
Vol 3 (3) ◽  
pp. 54-69
Author(s):  
Paul H. Templet
Keyword(s):  
Economic Growth ◽  
System Analysis ◽  
Public Welfare ◽  
Empirical System

scholarly journals Implementasi Graph Clustering Algorithm Modification Maximum Standard Deviation Reduction (MMSDR) dalam Clustering Provinsi di Indonesia Menurut Indikator Kesejahteraan Rakyat

Faktor Exacta ◽  
2020 ◽  
Vol 13 (2) ◽  
pp. 73
Author(s):  
Nurfidah Dwitiyanti ◽  
Septian Wulandari ◽  
Noni Selvia
Keyword(s):  
Economic Growth ◽  
Standard Deviation ◽  
Clustering Algorithm ◽  
Graph Clustering ◽  
Public Welfare ◽  
Poor People ◽  
Equitable Distribution ◽  
Maximum Standard Deviation ◽  
Central Statistics

<p>The population of Indonesia from year to year has increased. The increase in population must also be accompanied by increased economic growth in Indonesia. The increase in economic growth in Indonesia is marked by the reduction in the number of poor people in Indonesia. In addition, the increase in economic growth is reflected in the equitable distribution of public income in the country. Even though there are still many Indonesian people who are not yet prosperous in economic terms. To overcome, it is necessary to have clustering and characteristics of 34 provinces in Indonesia by implementing the Modification Maximum Standard Deviation Reduction (MMSDR) graph clustering algorithm. The data used are indicators of public welfare in 2017 obtained from the Central Statistics Agency. There are 9 indicators of community welfare used in this research. There are four stages in the MMSDR algorithm namely the "MST", "Subdivide", "Biggest Stepping" and "Create Clusters" processes. The results of this study can be seen from the distance between the nodes or between one province and another province produced 22 clusters. From the cluster results obtained using the MMSDR algorithm on welfare data, there are many clusters formed with cluster members formed at most two nodes (province).</p><p> Keywords: MMSDR, Clustering, Welfare of People</p>

scholarly journals PENGARUH PERTUMBUHAN EKONOMI DAN PENGELUARAN PEMERINTAH TERHADAP PENYERAPAN TENAGA KERJA SERTA KESEJAHTERAAN MASYARAKAT DI PROVINSI BALI

2019 ◽  
pp. 220
Author(s):  
Ni Putu Ambar Pratiwi ◽  
I Gusti Bagus Indrajaya
Keyword(s):  
Economic Growth ◽  
Path Analysis ◽  
Government Spending ◽  
Government Expenditure ◽  
Public Welfare ◽  
Government Expenditures ◽  
The People ◽  
Analysis Technique

Abstract: The Effect of Economic Growth and Government Expenditures on Absorption ofLabor and Public Welfare in the Province of Bali. This study aims to determine the conditionof employment in the Province of Bali, analyzing the effect of economic growth and governmentexpenditure on employment and community welfare. This data is obtained from the Central StatisticsAgency of Bali province. The analysis technique used is Path Analysis. The results showed that economic growth had a positive and insignificant influence on the absorption of employment in the province of Bali and government expenditure had a positive and significant effect on employmentin the Province of Bali. Government expenditure and employment have a positive and significantinfluence on the welfare of the people in Bali Province while economic growth has a non-significanteffect on people’s welfare. Labor absorption mediate economic growth towards the welfare of thepeople in Bali Province while the absorption of labor does not mediate government spending onthe welfare of the people in Bali Province in 2013-2017.

scholarly journals Development of Sharing Economy and its Impact on Economic Growth

2021 ◽  
Vol 18 (1) ◽  
pp. 56-68
Author(s):  
D.V. Valko ◽  
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Sharing Economy ◽  
Public Welfare ◽  
World Bank Group ◽  
General Welfare ◽  
The World ◽  
Expert Assessments ◽  
Bank Group ◽  
The Impact

This paper explores the potential of the sharing economy and the impact of current transformations in the sphere of shared consumption on economic growth and general welfare. The aim of the paper is to test the hypothesis about the possible negative impact of the sharing economy on economic growth and public welfare despite the growth in individual welfare. The study relies on the theory of economic growth, empirical evidence and expert assessments of the impact of the sharing economy on public welfare and economic growth. Expert and statistical data from the World Bank Group, World Economic Forum, RAEC, RBC, etc. on the development of this sector in Russia and in the world are cited; individual cases and examples are discussed. The conclusion is made that the prospects of development of the sharing economy and its impact on economic development, growth and general welfare significantly depend on the effectiveness of local regulation. The traditional methodology of economic growth accounting related to the ownership of newly created value should be reconsidered. This paper may be useful for further research on the sharing economy and public welfare in the digital and circular economy.

scholarly journals Institutional models of public order as a factor of economic development and national welfare

2021 ◽  
Vol 2021 (54) ◽  
pp. 93-117
Author(s):  
Viktoriia Nebrat ◽  
◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Social Welfare ◽  
Legal Protection ◽  
Public Welfare ◽  
Public Order ◽  
National Welfare ◽  
The One ◽  
Access Model

The relevant scientific problems include characterizing different models of public order in the context of divergence of economic development; deepening the understanding of public welfare as a measure to meet the needs and results of public policy; assessment of the cognitive and practical potential of modern concepts of historical and institutional explanation of the differentiation of the world economy for the optimization of regulatory measures of economic policy in Ukraine. The purpose of this article is to determine the features of the relationship between the nature of institutions, in particular institutional models of public order, on the one hand, and economic development and social welfare on the other. The research methodology combines the tools of evolutionary economic theory, comparative analysis and institutional history. The theoretical basis is the idea of D. North on the types of institutional models of public order. Despite the historical and national features of the formation and functioning of different economic systems, their success and failure can be explained on the basis of typology of North's models. The open access model is more conducive to economic growth and social welfare. Ensuring the institutional conditions for the realization of human rights, economic freedom and legal protection contributes to higher results. Instead, the restricted access model is characterized by slow economic growth and vulnerability to challenges, low level of social consolidation and economic solidarity, dominance of hierarchical ties and insecurity of property rights. It has been proven that institutional changes aimed at increasing public welfare should ensure the transformation of the economic model towards greater availability of resources and opportunities, replacing extractive relations and vertical relations with partnerships and horizontal relations. Economic policy analysis and evaluation is an important component of successful institutional transformations.

scholarly journals Potential of the sector of financial services in view of the socio-economic growth of Ukrainian regions

2020 ◽  
Vol 185 (9-10) ◽  
pp. 144-154
Author(s):  
Mariana Melnyk ◽  
◽  
Iryna Leshchukh ◽  
Tetyana Medynska ◽  
Nadiya Rushchyshyn ◽  
...  
Keyword(s):  
Economic Growth ◽  
Spatial Distribution ◽  
Financial Services ◽  
Global Economy ◽  
System Analysis ◽  
High Sensitivity ◽  
Financial Sector ◽  
High Variability ◽  
Functional Regression ◽  
Arithmetic Average

Nowadays, in the global economy, the sector of financial services is an important mechanism to secure competitiveness. In the first place, it performs the functions of monetary provisions; in the second place, it mobilizes and transforms spare savings into investment resources for extended economic reproduction. Yet, the socio-economic and geopolitical instability in Ukraine has caused a decline in the development of its financial sector, which is confirmed by the rating downgrade of Ukraine in a range of international economic rankings. The purpose of the paper is to provide a complex research of the capacity of the sector of financial services in securing the socio-economic growth of Ukrainian regions. In order to achieve the goal, general and specific research methods were used, including structural and functional, regression-based, factor and system analysis methods of comparison and synthesis. MS Excel was used to visualize and interpret data. The efficiency of the use of the capacity of the sector of financial services in securing the socio-economic growth of regions is evaluated based on the calculation of the related index as an arithmetic average of standardized output parameters that characterize the development of the sector of financial services and socio-economic development of regions. The research has contributed to 1) establishing a high variability of the index of the efficiency of the capacity of the sector of financial services caused by the unequal spatial distribution of the companies in the analyzed sector; 2) verifying a high sensitivity of the sector of financial services to macroeconomic imbalances, fluctuations on global financial and monetary markets, and domestic political crises confirmed by a slight impact of the sector capacity on the pace of gross regional product (GRP) change in Ukrainian regions and the gross valued added (GVA) change in the services sector of the regions; 3) stating a direct correlation between the volume of services provided by financial sector companies and financial solvency of consumers (i.e. residents and businesses), and a direct correlation between the intensity of change in the capacity of the sector of financial services in order to secure the socio-economic growth of regions and employment change in the regions. The fact that a high level of shadow activity is an essential threat to the efficient use of the capacity of the sector of financial services in order to secure the socio-economic growth of Ukrainian regions is emphasized. Unequal spatial distribution of companies within the sector of financial services, imbalance in spatial development of adjoining economy sectors, and credit activity of businesses and population have caused a high variability of the index of the efficiency of the use of the capacity of the sector of financial services in terms of the socio-economic growth in Ukrainian regions. The financial sector of Ukraine is characterized by high sensitivity to fluctuations on domestic and foreign financial and exchange markets that are especially relevant nowadays in view of the coronavirus pandemic. Therefore, forming a comprehensive roadmap activating the mechanisms to improve economic activities in the financial and adjoining markets should be the primary task for public and regional authorities.

scholarly journals ANALISIS PERAN BELANJA MODAL DAN INVESTASI SWASTA TERHADAP PERTUMBUHAN EKONOMI SERTA DAMPAKNYA PADA KESEJAHTERAAN MASYARAKAT

2019 ◽  
Vol 20 (1) ◽  
pp. 26
Author(s):  
Akhlis Priya Pambudy ◽  
Muhamad Imam Syairozi
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Sustainable Development ◽  
Human Development Index ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Private Investment ◽  
Public Welfare ◽  
Series Data ◽  
The Impact

The purpose of economic development is to improve public welfare. Many factors influenceeconomic growth, including sustainable development. This study is aimed to analyze the impactof capital expenditure and private investment on economic growth of the regency/municipalduring the period of 2010-2015 as well as the impact of economic growth on public welfareproxied by the human development index figures. Using WarpPLS, used purposive samplingmethode, testing is done for the 415 autonomous regional and 93 autonomous municipalsin Indonesia using time series data 2010-015. The results of this study shows that capitalexpenditure positively effect economic growth as well as private investment has positive effecton economic growth. Furthermore, the economic growth has been proven to improve publicwalfare.Keywords: capital expenditure, private investment, economic growth, public welfare

scholarly journals BENCHMARKS OF ENSURING AN «ECONOMIC BREAKTHROUGH» OF UKRAINE IN TECHNOLOGICAL AND INNOVATIVE AREAS

2020 ◽  
pp. 19-29
Author(s):  
Liubov Smoliar ◽  
Olha Ilyash ◽  
Ruslan Kolishenko ◽  
Tetiana Lytvak
Keyword(s):  
Economic Growth ◽  
System Analysis ◽  
Original System ◽  
Developed Countries ◽  
The State ◽  
Axiomatic Method ◽  
Public Authorities ◽  
Foreign Experience ◽  
The World ◽  
Functional Components

Purpose. The aim of the article is the system analysis of foreign experience and development of indicators and directions of an «economic breakthrough» in technological and innovative areas within the framework for the preparation of the Strategy of an economic breakthrough of the state by the Ministry of Economic Development, Trade and Agriculture of Ukraine. Methodology of research. General and special methods have been used to achieve this aim in our scientific and analytical development: the axiomatic method and scientific abstraction method (to define the terminological consistency of notions by studying the categorical apparatus «technological breakthrough», «economic breakthrough» and «innovative breakthrough”; induction and deduction methods (to determine the core factors of an economic breakthrough); the method of synthesis and system analysis (to substantiate the theoretical essence of the basic notions and develop our own system of indicators of an «economic breakthrough»; the decomposition method (to single out the functional components (technological and innovative) in the system of an «economic breakthrough»; tabular and graphical methods (to reflect the analytical calculations and the final results of the study). Findings. The experience of 19 countries that have made an «economic breakthrough» in technological and innovative areas is systematised, in particular: the experience of the USA, Canada, Australia, Japan, China, Singapore, South Korea, Finland, Sweden, Denmark, Norway, France, Germany, Egypt, Switzerland, Great Britain, Austria, Brazil and India. The original system of indicators has been suggested and the comparative monitoring of the indicators, which helped to provide a «technological and innovative breakthrough» for the selected countries of the world in comparison with Ukraine, has been carried out. The recommendations to public authorities, aimed at creating the main benchmarks of an «economic breakthrough» of Ukraine in the technological and innovative areas of activity, have been prepared. Originality. A system of indicators of an economic breakthrough of Ukraine in technological and innovative directions has been formed for the first time, the foreign experience of economically developed countries of the world in the direction of achieving economic growth of national economies has been systematised. The recommendations to public authorities concerning the identification of the main benchmarks for Ukraine's technological and innovative breakthrough in the near future have been further developed. Practical value. The outlined priority directions of the policy «Economic breakthrough» and intensification of the state policy on ensuring the economic welfare and growth in Ukraine are substantiated by the applied analysis of critical technological, innovative and state-building factors of the exacerbation of economic problems in Ukraine. Key words: economic breakthrough, benchmarks, indicators, technological area, innovative area, economic growth.

scholarly journals Economic and Mathematical Modeling of the Direct Effects of Large-Scale Infrastructure Projects on Developing Territories

2019 ◽  
pp. 78-89
Author(s):  
Olga Patrakeeva
Keyword(s):  
Economic Growth ◽  
Simulation Model ◽  
Large Scale ◽  
System Analysis ◽  
Distribution Functions ◽  
Management Policy ◽  
Infrastructure Projects ◽  
Railway Transport ◽  
Krasnodar Krai ◽  
The Impact

The problem of assessing the effects of infrastructure projects for territories is debatable. Modeling experience has been accumulated today, and elaborated macroeconomic models allow to identify causal relationships between the indicators of transport development and economic growth. The goal of this article is to define a simulation model of assessing the impact of transport projects on the economic growth of Krasnodar Krai exemplified by the Crimean Bridge project. The solution of this scientific problem requires taking into account different factors and complicated interrelationships within the framework of the regional social and economic system under consideration, using methods of system analysis and tools of economic and mathematical simulation. The simulation model reflects the scenario parameters of the capital management policy, highway transport freight turnover, highway transport freight turnover directly connected with the construction of Kerch Straight Bridge, carriage of goods by railway transport, carriage of goods by railway transport directly connected with the construction of Kerch Straight Bridge. The interrelations of this model’s parameters are established by the econometrics methods. In accordance with the produced scenarios the expected median values of the additional increment of the Krasnodar Krai GRP due to the increment of transportation associated with the Crimean Bridge operation are in the range between 0.97 % and 1.1 %. The most conservative scenario presumes the median value of 0.97 % and lower limit of 0.8 %. This tool can be used to assess the direct effect of railway and road construction for other Russian regions. The proposed simulation model will be further expanded by including further distribution functions of scenario variables and additional structural relationships.

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