scholarly journals Taxes, Expenditure and Development Nexus: A Panel VECM Analysis on Romanian NUTS2 Regions

2021 ◽  
Vol 10 (1) ◽  
pp. 599
Author(s):  
Marius Surugiu ◽  
Camelia Surugiu ◽  
Raluca Mazilescu ◽  
Anca Cristea
Keyword(s):  
Economic Development ◽  
Granger Causality ◽  
Regional Level ◽  
Development Index ◽  
Long Run ◽  
Socio Economic Development ◽  
Causality Relationship ◽  
Public Strategies ◽  
Panel Vecm ◽  
Budget Revenue

The investigation starts with the computation of the Socio-Economic Development Index (SEDI index) with data for Romania. Based on the index values, the long-run relationship between taxes and expenditure is assessed, for Romanian NUTS2 regions from 2000 to 2016. According to the results, there is a Granger causality relationship from budget revenue and expenditure to SEDI. The results emphasize the significant impact of taxes and expenditure on socio-economic development. The paper underlines the need for effective public strategies to be implemented by the authorities at the regional level, which may propel the socio-economic development. The results support the fiscal synchronization hypothesis.

The impact of the regional capital on center-periphery interactions – the case of Lviv and its surrounding region

2021 ◽  
Vol 93 (2) ◽  
pp. 31-43
Author(s):  
Iryna Leshchukh ◽  
Olha Mulska
Keyword(s):  
Economic Development ◽  
General Pattern ◽  
Development Index ◽  
Regional Center ◽  
Socio Economic Development ◽  
The One ◽  
Index Value ◽  
Regional Capital ◽  
The Impact ◽  
Strong Inverse Relationship

o analyse the impact of Lviv on centre-periphery interactions the authors calculated the Socio-Economic Development Index for different districts of the region and considered the distance of each district from the regional capital. The Socio-Economic Development Index (Іr) of each district was calculated as the arithmetic mean of indices of its economic (Іе) and social (Іs) development. A strong inverse relationship was found between districts’ indices and their distances from the regional capital (R = –0.69). The indices were used to classify districts into three categories: central, semi-peripheral, and peripheral. The central category includes districts located within a 50-km radius of Lviv and their indices range from 0.5 to 0.7. Semi-peripheral districts are located within the radius of 50-75 km and their Іr values range from 0.3 to 0.5. Peripheral districts are located at the furthest distance from the regional centre, and their Іr values are below 0.3. Because the correlation between the distance from the regional center and index value for some districts was not consistent with the general pattern, two subtypes of districts were also added – core and ancillary. The authors demonstrate that the impact of the regional capital on the socio-economic development of administrative districts decreases with their increasing distance from the regional center. The level of socio-economic development in districts depends, on the one hand, on the strength of impulses generated by the regional center, and on the other hand, is determined by the local economic capacity and ability to absorb the impacts of the regional center and other local growth poles.

ASSESSMENT OF THE ACTIVATOR OF SOCIO-ECONOMIC DEVELOPMENT OF THE REGION

2021 ◽  
Vol 3 (12) ◽  
pp. 27-34
Author(s):  
Liana E. Kabisova ◽  
◽  
Noemi A. Mardeyan ◽  
Zarina E. Tarkhanova ◽  
Batraz E. Bagaev ◽  
...  
Keyword(s):  
Economic Development ◽  
Regional Level ◽  
Economic Situation ◽  
Direction Vector ◽  
Key Factors ◽  
Factors Influencing ◽  
Socio Economic Development ◽  
The Future ◽  
Effectiveness And Efficiency

The article identifies the key factors influencing the activity of the socio-economic development of the region. The dynamics of this factor is analyzed. The indicator is investigated for the sufficiency and validity of the application, as well as for the effectiveness and efficiency with the designation of the direction vector, forecast, assessment for the future use of this leverage, to improve the economic situation at the regional level.

scholarly journals The granger causality relationship between human development and economic growth

2020 ◽  
Vol 9 (6) ◽  
pp. 143-153
Author(s):  
Serdar Ozturk ◽  
Seher Suluk
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Granger Causality ◽  
Human Development Index ◽  
Causality Analysis ◽  
Developed Country ◽  
Development Index ◽  
Granger Causality Analysis ◽  
Empirical Level ◽  
Causality Relationship

The Human Development Index (HDI), which measures a country’s human development level, considering the health, education and income indicators of countries has been published in the Human Development Report each year since 1990 by the United Nations Development Programme. Norway, which is a highly developed country, was at the top of the Human Development Index. Therefore, the aim of this study is to evaluate Norway’s human development performance. In this context, the relationship between human development and economic growth has been examined at empirical level for Norway for the period between 1990-2017. In the study, firstly, ADF and PP unit root tests were performed. Then, Granger causality analysis was applied. According to the results of Granger causality analysis there is a one-way causality relationship from human development to economic growth.

scholarly journals Cointegration and Causality Relationship Between Stock Market, Money Market and Foreign Exchange Market in Pakistan

2017 ◽  
Vol 5 (1) ◽  
pp. 1-20
Author(s):  
Ghulam Abbas ◽  
Roni Bhowmik ◽  
Laxmi Koju ◽  
Shouyang Wang
Keyword(s):  
Stock Market ◽  
Granger Causality ◽  
Foreign Exchange ◽  
Foreign Exchange Market ◽  
Money Market ◽  
Exchange Market ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Causality Relationship ◽  
Long Run Equilibrium

AbstractThis paper examines the relationship between stock market (KSE-100), money market (M2 and 180 days T-bill rate), and foreign exchange market (ER: PKR/USD) in Pakistan by using monthly data covering the period from 2000:M1 to 2015:M12. The study investigates long-run equilibrium relationship between these three financial markets by employing Johansen and Juselius[1] cointegration tests. Long-run and short-run causality relationship between stock market and other macroeconomic variables is also established by employing vector error correction model (VECM) and pairwise granger causality tests. The results of multivariate cointegration test (trace test) indicate a one cointegrating vector, and the significant normalized cointegrating coefficients are evident of long run equilibrium relationship between all the selected variables. Negative and significant ECT (− 1) for all variables during full sample period witness the presence of long-run causality connection among variables, while during the military regime and democratic regime, significant difference of long-run causal connections are identified across the regimes. Moreover, the results of granger causality test also indicate that there are significant variations in the causality relationship among variables across the regimes. Therefore, it is essential for forecasting, planning and policy making to consider the importance of political governance system while analyzing the historical cointegration among financial market and make the necessary adjustments accordingly.

Inequalities in socio-economic development in the world

2015 ◽  
Vol 60 (8) ◽  
pp. 81-100
Author(s):  
Witold Rakowski
Keyword(s):  
Economic Development ◽  
Income Distribution ◽  
Human Development ◽  
Human Development Index ◽  
Development Index ◽  
Human Development Report ◽  
The World ◽  
Socio Economic Development

Based on the Human Development Report 2013 the author presents classification of the countries taking into account HDI value in 2012, non-income HDI and the IHDI (Inequality – Adjusted Human Development Index). IHDI reflects disparities in the income distribution. 187 states of the report are divided into 12 groups by the HDI total value.

Introduction: Openness, institutions, and long-run socio-economic development

2016 ◽  
Vol 40 (2) ◽  
pp. 195-197
Author(s):  
Josef C. Brada ◽  
Richard Frensch ◽  
Erich Gundlach
Keyword(s):  
Economic Development ◽  
Long Run ◽  
Socio Economic Development

scholarly journals ОЦЕНКА ВЛИЯНИЯ СФЕРЫ ОБРАЗОВАНИЯ НА ЭКОНОМИЧЕСКОЕ РАЗВИТИЕ СТРАНЫ

2019 ◽  
pp. 41-47
Author(s):  
Ахмедова Эсмира М.
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Comparative Analysis ◽  
Human Development ◽  
Human Development Index ◽  
Public Investment ◽  
Development Index ◽  
Social And Economic Development ◽  
The World ◽  
Socio Economic Development

This article indicates the results a comparative analysis the financing of the advanced countries of the world and similar indicators of Azerbaijan during the period active development of education and modernization of the economy. The methodology work is the fundamental works of foreign scientists, such as reports of the Organization for Economic Cooperation and Development (OECD), human development index indicators in the field of determining and assessing the dependence of socio-economic development on public investment in education. It is displayed that Azerbaijan has resources and potential for growth of human capital, for social and economic development of the country. On the basis of the research, some conclusions and proposals are presented that contribute to improving the prospects for the economic development of Azerbaijan.

scholarly journals Causality of external population migration intensity and regional socio-economic development of Ukraine

2020 ◽  
Vol 18 (3) ◽  
pp. 426-437
Author(s):  
Olha Mulska ◽  
Olha Levytska ◽  
Volodymyr Panchenko ◽  
Maryana Kohut ◽  
Taras Vasyltsiv
Keyword(s):  
Economic Development ◽  
Causal Relationship ◽  
Granger Causality ◽  
Retail Trade ◽  
Correction Coefficient ◽  
Causality Analysis ◽  
Granger Causality Analysis ◽  
Carpathian Region ◽  
Socio Economic Development ◽  
External Migration

The Carpathian Region (Zakarpattia, Lviv, Chernivtsi, and Ivano-Frankivsk) is inferior to other regions in Ukraine regarding its economic development, which does not contribute to migration stability and, rather, serves as a factor motivating the active part of the population to emigrate. The problem of the labor market disproportions in the Carpathian Region is one of the significant causes of the formation and subsequent implementation of migration intentions, especially in rural areas, less economically developed areas, and district centers, where labor demand is much lower. The research aims to develop an innovative approach to calculating the intensity of the population’s external migration based on the introduction of a correction coefficient, which enables to consider the scale of transit migration in the Carpathian Region. The data presented in the study were collected for the period 2005–2018. Granger causality analysis is used to assess the relationship between migration and socio-economic development of the region. The analysis reveals that in all regions of the Carpathian Region, there is a short-run causal relationship between the intensity of external migration and the share of total household expenditure on food; in the medium run, the real household income, the size of the average monthly wages, and the volume of foreign portfolio investment, the foreign economic activity and retail trade turnover in the region; in the long run, living standards and indicators of economic growth. Future studies may require a more diverse set of indicators to evaluate the causal relationship in other regions of Ukraine, which will provide the integrity of the results of Granger causality analysis. AcknowledgmentThe research has been conducted within the framework of applied research ‘Migration Activity of the Population of the Carpathian Region’ (Dolishniy Institute of Regional Research of National Academy of Sciences of Ukraine, Reg. No. 0119U002010, 2019–2021).

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