The Effect of Economic Growth on Standard of Living

2003 ◽  
Author(s):  
Nilanjana Roy
Keyword(s):  
Economic Growth ◽  
Standard Of Living

scholarly journals The Evolution of Economic Activity in the Rural Area of Region 2 South - East

2021 ◽  
Vol 95 ◽  
pp. 01007
Author(s):  
Daniela – Lavinia Balasan ◽  
Dragoş Horia Buhociu
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
Economic Activity ◽  
Labour Force ◽  
Standard Of Living ◽  
Economic Growth Rate ◽  
Current State ◽  
Per Capita ◽  
The Impact

When we talk about economic development, we can refer to improve the standard of living and the prosperity of the population. This is due by increasing per capita income. In order to analyze economic activity, severe indicators must be studied, namely productivity, economic growth rate, labour force share, gross domestic product. In order to carry out as accurate an analysis as possible, it is required to discover the bottlenecks and problems that Region 2 South East makes and to develop a set of reservations and indications leading to the reduction and, why not, the removal of negative aspects. The main purpose of this work is to achieve a strategic plan by studying the current state and the impact of the economic system in recent times in all its forms, with a view to the development of the countryside of Region 2 South – East. I set out to create a website based on the advice of small rural entrepreneurs that evolves gathering information in realistically identifying all the strengths and concentrating them in the region’s potential innovation.

The Spread of Market Values

The 1970s ◽  
2011 ◽  
Author(s):  
Thomas Borstelmann
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Standard Of Living ◽  
Human History ◽  
Market Values ◽  
The Poor ◽  
The World ◽  
The Future ◽  
World Economic

This chapter tracks the economy of the 1970s as it began to decline after the prosperity of previous decades. Economic growth had defined human history for two hundred years, reaching a peak in the generation after 1945 when world economic growth averaged an extraordinary 5–7 percent per year. Americans rode that growth to a higher standard of living than anyone else. But in the 1970s it all seemed to be flowing away. Unemployment, oil shortages, a plunging stock market, recession, and, above all, inflation were apparently ending these golden years of unparalleled prosperity. Inflation hit everyone, and it hit the poor hardest of all. Persistent inflation undercut dreams and hopes for the future. The economic trauma of the 1970s threatened to destabilize Americans' understanding of how the world worked.

scholarly journals Do Rising Top Income Shares Affect the Incomes or Earnings of Low and Middle-Income Families?

2012 ◽  
Vol 12 (1) ◽  
Author(s):  
Jeffrey P. Thompson ◽  
Elias Leight
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Low Income ◽  
Growth Patterns ◽  
Standard Of Living ◽  
Middle Income ◽  
Low Income Families ◽  
Negative Impacts ◽  
The Relationship ◽  
Low And Middle Income

Abstract This paper uses US state panel data to explore the relationship between the share of income received by affluent households and the level of income and earnings received by low and middle-income families. A rising top share of income can potentially lead to increases in the incomes of low and middle-income families if economic growth is sufficiently responsive to increases in inequality. A substantial literature on the impacts of inequality on economic growth exists, but has failed to achieve consensus, with various studies finding positive impacts, negative impacts, and no impacts on growth from increased levels of income inequality. This paper departs from that literature by exploring the effect of inequality on the standard of living of middle-income and low-income families. In the context of rising inequality, increased overall growth is not necessarily a suitable proxy for overall standard of living, since growth patterns are not uniform for the entire income distribution. The results of this study indicate that increases in the top share of income (particularly the top one percent) are associated with declines in the actual incomes (and earnings) of middle income families, but have no clear impact on families at the bottom of the income distribution.

scholarly journals Comprehensive Statistical Assessment of Indexes of Economic Growth and Material Welfare of the Ukrainian regions

2018 ◽  
Vol 83 (4) ◽  
pp. 88-101
Author(s):  
Yu. Ye. Prydannykova
Keyword(s):  
Economic Growth ◽  
Performance Management ◽  
Statistical Data ◽  
Mutual Influence ◽  
The State ◽  
Standard Of Living ◽  
The Stability ◽  
State Of Affairs ◽  
Definition Of ◽  
Material Welfare

The article offers the statistical methodology for assessment of relationship between economic growth and material welfare of the Ukrainian regions based on the method of complex statistical coefficients by using statistical data for 2016. The theoretical and applied aspects of opportunities of studied method for comprehensive rating assessment of Ukrainian regions through standardizing the values of examined indexes in economic and material welfare spheres are considered. Definition of the term “material welfare of a population” is given in the article. Material welfare of a population is determined in time quantitative-qualitative characteristic of standard of living of population of a country as summarized result of the state policy in social field and economic activity of a population in production and consumption fields. Structured and logical schema of mutual influence between the spheres of economics and material welfare of a population is suggested by the author. It was found that the standard of living of a population directly generates material welfare that in turn to be a background for a quality of life. At the same time such distribution of macroeconomic definitions is a new approach enable for statistical studying of relationship between the state of economy and the sphere of material welfare of Ukrainian population. Rating assessment is calculated by available statistical data obtained from the results of state statistical observation performance. In this regard formation of the system of 119 indicators that comprehensively describes the levels of development of material welfare sphere and county’s economy has been conducted. The final results of the assessment are studied in comparison with some other well-known rating assessments in these spheres. Тhe article proclaims that statistical studying of correlation between indexes of economic sphere and indexes in the sphere of material welfare is necessary. For that purpose, it has been developed the way of assessment the degree of relationship of studied spheres based on complex weighted coefficient of variances according to the formula proposed by the author. From the results of calculations of that coefficient and according to the criteria for assessing the stability of a correlation it is justified that the gap between the levels of economic development and material welfare of a population of Ukrainian regions should be reduced. Such approach is considered to determine exact tasks for public administration policy to increase economic growth in relationship with material welfare of a population. It can be an effective tool for managing the state of affairs, planning in performance management process and improving the value of relationship between the levels of development in the spheres under review.

scholarly journals COLLEGE STUDENT MIND-SET AND INTENTIONS TOWARD ENTREPRENEURSHIP IN CHENNAI CITY

2016 ◽  
Vol 4 (8(SE)) ◽  
pp. 36-39
Author(s):  
Sankar ◽  
Irin Sutha
Keyword(s):  
Economic Growth ◽  
College Student ◽  
Industrial Development ◽  
Empirical Studies ◽  
Entrepreneurial Intention ◽  
Standard Of Living ◽  
Great Role ◽  
Per Capita ◽  
Mind Set ◽  
Chennai City

The objective of the present paper is to examine the college student Mind-set and intentions toward entrepreneurship, Entrepreneurship is considered as engine of economic growth. That plays a great role in the economic growth and development of the country, more so in a rapidly developing country like India. Entrepreneurship development today has assumed great significance as it is a key to economic development. Entrepreneurs are the seed of industrial development and its fruits are greater employment opportunities, increase in per capita income, higher standard of living and balanced regional development. The present paper attempts to review and analyze the empirical studies undertaken to find out the entrepreneurial intention among college students and find out the factors influencing their decision to venture in entrepreneurship.

scholarly journals The Reform in Government Expenditure and the Standard of Living in Bahrain

2021 ◽  
Author(s):  
Fatema Alaali
Keyword(s):  
Economic Growth ◽  
Government Spending ◽  
Time Series Data ◽  
Government Expenditure ◽  
Standard Of Living ◽  
Series Data ◽  
Vector Error Correction ◽  
Education And Health ◽  
Oil Revenues ◽  
The Relationship

The drop of oil prices since the second half of 2014 have affected the credit risk and liquidity situation in Bahrain. Therefore, Bahrain have implemented substantial economic diversification in the economic structure including manufacturing, refining, tourism, trade and finance. With the recognition of the importance of governments expenditure restructuring, Bahrain government introduced number of initiatives such as streamlining government expenditure, increasing revenues, and redirecting government subsidies towards eligible citizens. Understanding the relationship between revenues, government spending and economic growth is an essential perception in evaluating the efficiency of government’s strategy in managing its resources and the impact on the standard of living in any country. This chapter examines the relationship between total government expenditure as well as sectoral government spending (specifically education and health sectors), oil revenues and the economic growth of Bahrain using time series data over the period 1989–2015. To achieve this aim, the vector error correction model (VECM) is employed. In order to ensure the sustainability of resources and maintain economic growth, Bahrain should continue managing its expenditure, by cutting down expenses on certain sectors through privatization, and increasing spending on health and education sectors.

scholarly journals ANALYSIS OF FACTORS AFFECTING POVERTY IN THE PROVINCE OF THE BANGKA BELITUNG ISLANDS

2021 ◽  
Vol 6 (2) ◽  
pp. 188
Author(s):  
Anggi Aprillia ◽  
Rulyanti Susi Wardhani ◽  
Muhammad Faisal Akbar
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Unemployment Rate ◽  
Government Spending ◽  
Quantitative Research ◽  
Government Expenditure ◽  
Analytical Tool ◽  
Standard Of Living ◽  
Factors Affecting ◽  
Simultaneous Test

Poverty is a condition of the inability of individuals or community groups to meet basic needs such as housing, clothing and food to ensure a certain standard of living. If a country is able to reduce the level of poverty, then the welfare of the community can be realized through the implementation of quality development. This study aims to analyze and determine the effect of economic growth, income inequality, government spending and the open unemployment rate on poverty. This research used quantitative research. The analytical tool used in this study is multiple linear regression with panel data. The results showed that partially the economic growth had a negative and significant effect on poverty, government spending had a negative and insignificant effect on poverty and income inequality and open unemployment had a positive and significant effect on poverty in the Province of the Bangka Belitung Islands. Meanwhile, the results of the simultaneous test show that overall the variables of economic growth, income inequality, government spending and the open unemployment rate have a positive and significant effect on poverty in the Province of the Bangka Belitung Islands.Keywords: Economic Growth, Income Inequality, Government Expenditure, Unemployment Rate, PovertyJEL: O40, 015, H53, I30

scholarly journals The Role of Fiscal Policy in Human Development: The Pakistan’s Perspective

2012 ◽  
Vol 51 (4II) ◽  
pp. 381-396
Author(s):  
Syed Ammad Ali ◽  
Hasan Raza ◽  
Muhammad Umair Yousuf
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Purchasing Power Parity ◽  
Labour Productivity ◽  
Physical Capital ◽  
Sustainable Growth ◽  
Standard Of Living ◽  
Power Parity ◽  
Life Expectancy At Birth ◽  
Per Capita

Human development considered as the engine of the economic growth as it improves the economy’s strength and increases the standard of living of the people, increases the choices and maximises the welfare of the society that is the prime objective of any government. The development of the human capabilities is also necessary for the sustainable growth, as there are many channels through which human development foster the economic growth. It increases the labour productivity, labour demand, employment and output. On the other hand, human capital also attracts physical capital.1 Empirically, it is very difficult to have an exact measure of human development and social welfare. Several proxies used to measure human development, e.g. GNI per capita as a measure of standard of living, Purchasing Power Parity (PPP) criterion to measure the cost of living and to measure the welfare, average year of schooling, school enrolment rate and health expenditures as a percentage of GDP to capture this composite welfare and development indicator. A fair index of Human Development Index (HDI) was developed by United Nations Development Programme in 1990. This index based on the standard of living (natural logarithm of GDP PPP per capita), access to knowledge (adult literacy rate with two-third weighting and the remaining is the gross enrolment ratio) and a healthy life (life expectancy at birth). The value of index varies from 0 to 1, lower the HDI, lesser would be the human development and welfare in the country or vice versa.

scholarly journals UPAYA PENYELESAIAN SENGKETA PADA SEKTOR BISNIS PARIWISATA DI TENGAH PANDEMI COVID 19

2020 ◽  
Vol 14 (1) ◽  
pp. 81-100
Author(s):  
N Nasrudin
Keyword(s):  
Economic Growth ◽  
Qualitative Approach ◽  
The Other ◽  
Standard Of Living ◽  
Business Sector ◽  
Employment Opportunities ◽  
Government Regulations ◽  
Library Research ◽  
Rapid Economic Growth ◽  
Made In

Tourism is one of the new style industries, which is able to provide rapid economic growth in terms of employment opportunities, income, standard of living and in activating other production sectors in tourist-receiving countries. While business is an activity to make a profit. In running a business, sometimes there are disputes between business actors and other business actors. Sometimes disputes that occur are due to a party defaulting and the other party feels disadvantaged. Broadly speaking, in Indonesia there are two pathways to resolve disputes namely litigation and non-litigation. The Litigation Path is a settlement effort made in the Court, while the non-litigation path is the settlement effort that is carried out outside the court. This study uses a type of library research, then this study uses a normative qualitative approach. The results of this study conclude that business disputes can occur at any time without exception when the outbreak of Covid 19. For example, the tourism business sector whose turnover has now declined dramatically because there are government regulations that require at home and not traveling. The decline in the turnover of the tourism business sector has made companies negligent, such as not paying full salaries to employees and being late in paying taxes. Such events can lead to disputes between companies and individuals. One of the efforts taken in resolving this dispute was mediation, while the mediation used was electronic mediation considering that the Covid 19 pandemic is not yet over.

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