scholarly journals A σ-Convergence Model for Analyzing the Balance of Insurance Industry in China

2021 ◽  
Vol 2021 ◽  
pp. 1-8
Author(s):  
Zeyun Yang ◽  
Wendong Xiao ◽  
Qiaoling Fu
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Spatial Correlation ◽  
Regional Differences ◽  
Insurance Industry ◽  
Balanced Development ◽  
Empirical Results ◽  
Growth Convergence ◽  
Convergence Model ◽  
Insurance Development

There are significant regional differences in the development of China’s insurance industry. An important question is that such regional differences are expanding or shrinking? Based on Barrow’s economic growth convergence model, this paper uses the σ convergence model to analyze the differences in the development of China’s insurance industry and its trends. It draws on the statistics data from 1990 to 2020. The empirical results show that the convergence of China’s insurance development is not obvious before 2006, but it shows a significant convergence after 2006. And, there are some differences between the Eastern, the Central, and the Western. Furthermore, when considering the spatial correlation, the convergence of insurance development among provinces in China is more obvious. This shows that the flowing of capital, technology, and labor force between regions may be beneficial to the balanced development of insurance among the regions.

The Dynamics of Insurance Development and Economic Growth in Nigeria

2017 ◽  
Vol 65 (1-4) ◽  
pp. 37-44
Author(s):  
Philip Ifeakachukwu Nwosa ◽  
Zainab Bolanle Mustapha
Keyword(s):  
Economic Growth ◽  
Insurance Industry ◽  
Ordinary Least Squares ◽  
Jel Classification ◽  
Regression Estimate ◽  
Insurance Sector ◽  
The Government ◽  
Causal Nexus ◽  
The Impact ◽  
Insurance Development

This study examined the dynamics of insurance development and economic growth in Nigeria for the period 1996–2014. Specifically, the study addressed two important issues: the impact of insurance development on economic growth and the causal nexus between insurance development and economic growth. The study utilised two techniques: ordinary least squares (OLS) and causality. The OLS regression estimate revealed that insurance development had an insignificant effect on economic growth, while the causality estimate showed a one-way causation from economic growth to insurance development. The study recommended that the government should put in place appropriate policies and regulations which would bring about sound development of the insurance sector. This would enhance the contribution of the insurance industry to the growth of the Nigerian economy. JEL Classification: E44, G22, O40

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

Human Capital Accumulation and Resource Abundance

2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Relevant Literature ◽  
Harmful Effect ◽  
Human Capital Accumulation ◽  
Resource Abundance ◽  
Empirical Results ◽  
Theoretical Predictions ◽  
Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

scholarly journals Female Labor Market Participation and Economic Growth: The Case of Pakistan

2017 ◽  
Vol 4 (2) ◽  
pp. 217 ◽  
Author(s):  
Adnan Khaliq ◽  
Dilawar Khan ◽  
Sultan Akbar ◽  
Muhammad Hamayun ◽  
Barkat Ullah
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Labor Force Participation ◽  
Participation Rate ◽  
Female Labor Force Participation ◽  
Labor Force Participation Rate ◽  
Policy Implications ◽  
Series Data ◽  
Female Labor ◽  
Adf Test

Female labor force plays a significant role in the economic development of a country. The core objective of this paper is to examine the nexus between female labor force participation rate and Pakistan’s economic growth using time series data for the period 1990-2014. The data was extracted from World Development Indicators database. Augmented-Dickey Fuller (ADF) test was applied to examine the data for unit root. The results show that both the variables--- female labor force participation rate and economic growth---are stationary at first difference i.e. I(1). The error correction model (ECM) and Johansen co-integration tests were used to examine the co-integration relation between the variables. The econometric results conclude that there is long-run and a U-shaped link between economic growth and women labor force participation rate of Pakistan. The results conclude that lower female labor force participation rate leads to lower economic growth in Pakistan. This paper has important policy implications, suggests that policies intend to remove such barriers could help to enhance the Pakistan’s economic growth.

scholarly journals Effect of Unemployment Rate on Growth Rate of Gross Domestic Product of Jordan

2019 ◽  
Vol 10 (3) ◽  
pp. 217 ◽  
Author(s):  
Khaled Abdalla Moh'd AL-Tamimi
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Labor Force ◽  
Unemployment Rate ◽  
Ordinary Least Squares ◽  
Total Labor Force ◽  
Independent Variable ◽  
Total Labor ◽  
Level Of Significance ◽  
Yearly Data

This study explains the effect of unemployment rate on growth rate of GDP of Jordan by depending on yearly data for the period (2009 – 2016) as unemployment rate is independent variable, and growth rate of GDP (Avariable of economic growth) as a dependent variable. This study focuses on explaining the literature both in theoretical and empirical ways of the effect of unemployment rate on growth rate of GDP, and analyzing the effect of unemployment rate on growth rate of GDP of Jordan by depending on yearly data for the period (2009 – 2016) by using the technique of ordinary least squares in version of E-views. This paper found that there are insignificant impacts of unemployment percentage to total labor force, unemployment of males percentage to male labor force, unemployment of females percentage to female labor force on growth rate of GDP of Jordan by relying on yearly data for the period 2009 to 2016 at level of significance 5%. This paper recommends testing the impacts of other obstacles in Jordan on growth rate on GDP, in order to know the variables that effect growth rate of GDP in Jordan.

scholarly journals Spatial Dimensions of Economic Growth, Redistribution, and Poverty Reduction During the Yudhoyono Period in Indonesia

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Witri Mukti Aji
Keyword(s):  
Economic Growth ◽  
Regional Differences ◽  
Decomposition Method ◽  
Poverty Reduction ◽  
Growth Index ◽  
Growth Indices ◽  
Poor Growth ◽  
Household Expenditures ◽  
Spatial Dimensions ◽  
Capital Development

This research explores the spatial dimensions of economic growth, redistribution, and poverty reduction in Indonesia during the Susilo Bambang Yudhoyono period (i.e., from 2004 to 2014) using the poverty decomposition method, the growth incidence curve, and several pro-poor growth indices. I gathered my data from the annual National Socio-economic Surveys conducted in Indonesia between 2004 and 2014. Analyzing this data, my thesis presents three key economic insights about the Susilo Bambang Yudhoyono period:1) poverty incidence significantly declined between 2004 and 2014, 2) the economic growth that occurred during this period was generally not pro-poor, made evident by an upward sloping growth incidence curve, and 3) regional differences exist in the shape of the growth incidence curve; the pro-poorness of economic growth therefore varies between provinces. Using the classification system proposed by Kakwani and Pernia (2000), I classify provinces into the following five groups with respect to their pro-poor growth index (PPGI). Our empirical results support the pro-poor growth in a nation. However, some provinces such as North Maluku, Gorontalo and Bengkulu experienced non-pro-poor growth and weakly pro-poor. To promote the pro-poor growth in all provinces, the governmental supports in infrastructure and human capital development are essential for the above lagged provinces. Keywords: Household Expenditures; Economic Growth; Redistribution; Poverty Reduction; Spatial Dimensions; Inequality; Poverty Decomposition Method; Growth Incidence Curve; Pro-Poor Growth Indices.

scholarly journals STUDY OF THE THEORETICAL AND METHODOLOGICAL FOUNDATIONS OF EMPLOYMENT AND THE EFFECTIVE DISTRIBUTION OF LABOUR

2017 ◽  
Vol 1 (9) ◽  
pp. 139
Author(s):  
Inha Ziankova
Keyword(s):  
Economic Growth ◽  
Labor Force ◽  
Unit Cost ◽  
Size Analysis ◽  
Steady Increase ◽  
Productive Labor ◽  
Labor Resources ◽  
High Level ◽  
Efficient Distribution ◽  
Effective Distribution

The article describes the socio-economic relations between individuals and institutions of the labor market on the subject of reaching an effective employment and development of productive labor that ensure efficient distribution of labor resources.The article attempts to scientifically substantiate and develop a theory, methodology of employment and methodological support, conceptual frameworks of the formation of effective employment for the development of productive labor that ensure an efficient distribution of labor resources and endogenous economic growth in the Republic of Belarus.In the study the following conceptual bases for the achievement of effective employment, productive labor, the efficient allocation of labor resources are proposed: it is proved that in the absence of technical changes, an increase in capital per employee does not bring about a steady increase in the growth rates of production per employee or per capita; it is noted that a high level of salaries can affect the growth of labor productivity stimulating the growth of capital relative to labor and also affect the growth of the unit cost of production and result in a decrease of jobs; it is noted that the reason for the efficiency distribution of the labor force is the size analysis of unit costs, profits and income; it is proved that the firms are not profitable to invest in workforce for the reason that the dominant investment is spent on consumption; the analysis of the structure of employment on the question of the optimal ratio of managers in relation to working hands is noted as one of the ways of achieving effective employmentThe purpose of the research is to study the theoretical and methodological foundations of labor force employment in economically viable jobs and the mechanism of its effective distribution for inclusive economic growth. The novelty of this study lies in the fact that the conceptual foundations of the theory of employment have been studied and scientifically substantiated. The fundamental prerequisites for the formation of the theory of employment and methodological basis of modeling the process of achieving effective employment have been identified and systematized.

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