The Road Back to Full Employment

1993 ◽  
Vol 4 (2) ◽  
pp. 176-197
Author(s):  
Fred Argy
Keyword(s):  
Economic Development ◽  
Unemployment Rate ◽  
Full Employment ◽  
Incentive Structure ◽  
Short Term ◽  
The Road ◽  
Australian Economy ◽  
Year 2000 ◽  
Wage Outcomes ◽  
Major Project

Over the last two years the Committee for Economic Development of Australia (CEDA) carried out a major project: a vision for the Australian economy and practical policies to attain that vision by the year 2000. One of the key goals was to halve the official unemployment rate. The results are outlined in this article. Emphasis is placed on a policy and incentive structure that is skewed in favour of exports, productive investment and savings, a more structurally efficient and flexible labour market, responsible aggregate wage outcomes and acceptance that growth is only sustainable if the short—term costs of structural reform are borne equitably.

Is money the creation of the state or the market? (On the “modern monetary theory” as described in the textbook by W. Mitchell, L. R. Wray and M. Watts “Macroeconomics”)

2020 ◽  
pp. 121-134
Author(s):  
S. A. Andryushin
Keyword(s):  
Public Debt ◽  
Scientific Community ◽  
Full Employment ◽  
Term Effect ◽  
Scientific Concept ◽  
Monetary Theory ◽  
Left Wing ◽  
Medium Term ◽  
Short Term ◽  
Stimulation Of

In 2019, a textbook “Macroeconomics” was published in London, on the pages of which the authors presented a new monetary doctrine — Modern Monetary Theory, MMT, — an unorthodox concept based on the postulates of Post-Keynesianism, New Institutionalism, and the theory of Marxism. The attitude to this scientific concept in the scientific community is ambiguous. A smaller part of scientists actively support this doctrine, which is directly related to state monetary and fiscal stimulation of full employment, public debt servicing and economic growth. Others, the majority of economists, on the contrary, strongly criticize MMT, arguing that the new theory hides simple left-wing populism, designed for a temporary and short-term effect. This article considers the origins and the main provisions of MMT, its discussions with the mainstream, criticism of the basic tenets of MMT, and also assesses possible prospects for the development of MMT in the medium term.

EMPOWERING WOMEN THROUGH ENTREPRENEURSHIP: ASPECTS AND APPROACHES

2014 ◽  
Vol 6 (01) ◽  
Author(s):  
JAVED ALAM SHEIKH
Keyword(s):  
Economic Development ◽  
Developed Countries ◽  
Substantial Contribution ◽  
Economic Empowerment ◽  
World Population ◽  
Least Developed Countries ◽  
The Road ◽  
Road Map ◽  
The World ◽  
The Status

Almost 50 per cent of the world population is constituted by the women and they have been making substantial contribution to socio-economic development. But, unfortunately their tremendous contribution remains unrecognized and unnoticed in most of the developing and least developed countries causing the problem of poverty among them. Empowering women has become the key element in the development of an economy. With women moving forward, the family moves, the village moves and the nation moves. Hence, improving the status of women by way of their economic empowerment is highly called for. Entrepreneurship is a key tool for the economic empowerment of women around the world for alleviating poverty. Entrepreneurship is now widely recognized as a tool of economic development in India also. In this paper I have tried to discuss the reasons and role of Women Entrepreneurship with the help of Push and Pull factors. In the last I have also discussed the problems and the road map of Women Entrepreneurs development in India.

scholarly journals Reform in the international food aid regime: the role of consensual knowledge

1992 ◽  
Vol 46 (1) ◽  
pp. 225-264 ◽  
Author(s):  
Raymond F. Hopkins
Keyword(s):  
Economic Development ◽  
International Organizations ◽  
Epistemic Community ◽  
Food Aid ◽  
Local Production ◽  
Short Term ◽  
The 1950S ◽  
Food Imports

The principles and norms adopted by the regime governing food aid in the 1950s have changed substantially during the subsequent three decades. Explaining the changes necessarily includes analyzing the efforts of an international epistemic community consisting of economic development specialists, agricultural economists, and administrators of food aid. According to the initial regime principles, food aid should be provided from donors' own surplus stocks, should supplement the usual commercial food imports in recipient countries, should be given under short-term commitments sensitive to the political and economic goals of donors, and should directly feed hungry people. As a result of following these principles, the epistemic community and other critics argued, food aid often had the adverse effects of reducing local production of food in recipient countries and exacerbating rather than alleviating hunger. The epistemic community (1) developed and proposed ideas for more efficiently supplying food aid and avoiding “disincentive” effects and (2) pushed for reforms to make food aid serve as the basis for the recipients' economic development and to target it at addressing long-term food security problems. The ideas of the international epistemic community have increasingly received support from international organizations and the governments of donor and recipient nations. Most recently, they have led to revisions of the U.S. food aid program passed by Congress in October 1990 and signed into law two months later. As the analysis of food aid reform demonstrates, changes in the international regime have been incremental, rather than radical. Moreover, the locus for the change has shifted from an American-centered one in the 1950s to a more international one in recent decades.

Review of the Australian Economy 2009-10: On the Road to Recovery

2010 ◽  
Vol 43 (1) ◽  
pp. 1-11 ◽  
Author(s):  
Guay C. Lim ◽  
Chew Lian Chua ◽  
Edda Claus ◽  
Sarantis Tsiaplias
Keyword(s):  
The Road ◽  
Australian Economy ◽  
On The Road

Chapter I. The British Economy to End-1972

1973 ◽  
Vol 63 ◽  
pp. 9-33
Keyword(s):  
Full Employment ◽  
Annual Review ◽  
Short Term ◽  
Term Forecast ◽  
Recent Developments ◽  
Detailed Assessment ◽  
Employment Potential ◽  
Economic Developments

Chapter I presents a general review of economic developments in 1972 including an attempt to assess the position of the economy in relation to its full employment potential. Chapter II includes the usual short-term forecast of likely developments over the next eighteen months together with a less detailed assessment of prospects over the rather longer term. Recent developments in and short-term prospects for various industries within the industrial production index are dealt with in some detail in Chapter III, while the final chapter contains our annual review and forecasts for the World Economy.

scholarly journals Road Short-Term Travel Time Prediction Method Based on Flow Spatial Distribution and the Relations

2016 ◽  
Vol 2016 ◽  
pp. 1-14 ◽  
Author(s):  
Mingjun Deng ◽  
Shiru Qu
Keyword(s):  
Time Series ◽  
Spatial Distribution ◽  
Travel Time ◽  
Nonparametric Regression ◽  
Nearest Neighbor ◽  
Nearest Neighbor Search ◽  
Short Term ◽  
Combination Model ◽  
The Road ◽  
Neighbor Search

There are many short-term road travel time forecasting studies based on time series, but indeed, road travel time not only relies on the historical travel time series, but also depends on the road and its adjacent sections history flow. However, few studies have considered that. This paper is based on the correlation of flow spatial distribution and the road travel time series, applying nearest neighbor and nonparametric regression method to build a forecasting model. In aspect of spatial nearest neighbor search, three different space distances are defined. In addition, two forecasting functions are introduced: one combines the forecasting value by mean weight and the other uses the reciprocal of nearest neighbors distance as combined weight. Three different distances are applied in nearest neighbor search, which apply to the two forecasting functions. For travel time series, the nearest neighbor and nonparametric regression are applied too. Then minimizing forecast error variance is utilized as an objective to establish the combination model. The empirical results show that the combination model can improve the forecast performance obviously. Besides, the experimental results of the evaluation for the computational complexity show that the proposed method can satisfy the real-time requirement.

scholarly journals Foreign Direct Investment Led Growth Hypothesis and Economic Development in Nigeria

2021 ◽  
Vol 2 (4) ◽  
pp. 376-393
Author(s):  
Ubong Edem Effiong ◽  
Nora Francis Inyang
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Unit Root Test ◽  
Secondary Data ◽  
Short Term ◽  
Causality Test ◽  
Bounds Test ◽  
Growth Hypothesis

This study was an inquiry into the nexus of the foreign-direct investment (FDI) led growth hypothesis, and how it translates into the development of the Nigerian economy as of 1970 – 2018. The study utilized secondary data from the ‘World Development Indicators’ which were analysed using the Bounds test for cointegration and the ‘autoregressive distributed lag (ARDL) approach to divulge both the short-term cum the long-term influence of foreign direct investment net inflow on ‘economic development’ of Nigeria. The Bounds test was conducted after the unit root test revealed that the variables were stationary at mixed order of level and first difference. The outcome of the ARDL Bounds test supported confirmation of long-term association among the variables. The ARDL short-run error correction showed that 14.62% of the instability in the model was corrected yearly. In the short-term, it was discovered that FDI wielded a deleterious and substantial weight on ‘economic development of Nigeria. Meanwhile, the long-term estimates indicated that FDI influenced economic development positively, though not in a significant manner. The Granger causality test supported the fact that FDI causes ‘economic development’ in Nigeria. Given this potential of FDI exerting a positive effect on ‘economic development’, the paper recommended that bottlenecks inherent in FDI influxes in the country should be removed so as to reap the fullest benefits of such inflows in Nigeria.

scholarly journals MODERN DEVELOPMENT OF RUSSIA'S ROAD SECTOR: PROBLEMS AND PROSPECTS

2018 ◽  
Vol 6 (1) ◽  
pp. 11-11
Author(s):  
Наталья Борисова ◽  
Natal'ya Borisova ◽  
Елена Егорова ◽  
Elena Egorova ◽  
Александр Борисов ◽  
...  
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Road Network ◽  
Road Construction ◽  
Transport Infrastructure ◽  
The Road ◽  
Modern Development ◽  
Socio Economic Development ◽  
The Russian Federation ◽  
Advanced Development

The article considers the most important component of the transport infrastructure - the road infrastructure, which at the same time is one of the most important spheres of economic activity. The socio-economic development of the Russian Federation has been studied, requiring advanced development and modernization of the road network as part of the transport infrastructure of the country and world space, as well as improving the technical level of road construction.

On the Road to SME Sector Development in Bangladesh

2019 ◽  
pp. 480-499
Author(s):  
Syed Abidur Rahman ◽  
Noor Hazlina Ahmad ◽  
Seyedeh Khadijeh Taghizadeh
Keyword(s):  
Economic Development ◽  
Literature Review ◽  
Secondary Data ◽  
Point Of View ◽  
Policy Makers ◽  
Economic Point ◽  
The Road ◽  
Multidisciplinary Study ◽  
The Social ◽  
On The Road

Entrepreneurship has been deliberated as multidimensional and multidisciplinary study. From the economic point of view entrepreneurship is the central force for economic development for any nation. Scholars and policy makers now have started to see entrepreneurship as panacea for inclusive growth. Entrepreneurships are most widely popular and discussed area. Study on small and medium sized enterprises (SMEs) has been maturing for the last decade as it has been regarded as significant player for the social development along with the economic development. In Bangladesh, SMEs account for a large proportion of the total establishments in various sectors. Considering the importance of the SME sector in Bangladesh, this study intends to explore and sketch-out the landscape of current SME setting in Bangladesh. With this aim the study has extensively carried out literature review, observed and understood the secondary data obtained from various organizations, and finally presented a policy driven recommendation (micro and macro level) which would enable to develop the SME sector in a developing country like Bangladesh.

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