Modelling of Economic Growth Rate of Agriculture Sector of India using Solow Growth Model with Growth Differential Equation

2018 ◽  
Vol 55 (4) ◽  
pp. 242-255
Author(s):  
Shinde Ramesh Govindrao ◽  
Kiw S.B ne
Keyword(s):  
Differential Equation ◽  
Economic Growth ◽  
Growth Rate ◽  
Growth Model ◽  
Economic Growth Rate ◽  
Solow Growth Model ◽  
Agriculture Sector ◽  
Growth Differential

scholarly journals ICOR Sektor Pertanian sebagai Basis Arah Investasi dalam Pembangunan Pertanian berbasis Kabupaten/Kota di Indonesia

2016 ◽  
Vol 13 (1) ◽  
pp. 75
Author(s):  
Adi Setiyanto
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Secondary Data ◽  
Food Crop ◽  
Economic Growth Rate ◽  
Agriculture Sector ◽  
Regional Investment ◽  
Output Ratio ◽  
Unit Unit ◽  
Estate Crop

<p><strong>English</strong></p><p>Incremental Capital Output Ratio (ICOR) is useful to estimate required investment according to targeted economic growth rate. This study aims to estimate ICOR of agriculture sector by regency/municipality in Indonesia. Secondary data used in this study come from institutions at the central, pr ovincial, and regency/municipality levels from 2008 to 2012. The ICORs range from 2.65 to 4. 97 with average food crop, horticulture, estate crop, and livestock subsectors are each of 3.22, 3.40, 3.20 and 3.23. Total regencies/municipalities classified as h igh and medium are 73.24 percent in food crop subsector, 81.09 percent in horticulture subsector, 80.89 percent in estate crop subsector, 81.49 percent in livestock subsector, and 70.63 percent for agricultural subsector. Implications of this study are: (i ) central and regional governments need to collaborate in order to determine focused investment and to improve regional investment; (ii) it is necessary to estimate investment by subsector in all regencies/municipalities based on each targeted economic gro wth rate; and (iii) related first echelons in the Ministry of Agriculture along with regency/municipality governments could collaborate to determine focused subsector to achieve targeted growth rates.</p><p> </p><p><strong>Indonesia</strong></p><p>Incremental Capital Output Ratio (ICOR) dapat digunakan untuk menghitung besaran target kebutuhan investasi yang diperlukan berdasarkan target pertumbuhan ekonomi yang akan dicapai. Kajian ini bertujuan untuk memperkirakan nilai ICOR sektor pertanian menurut kabupaten/kota seluruh Indonesia dan menghitung jumlah kabupaten/kota berdasarkan klasifikasi efisiensi tinggi, sedang, dan rendah dari nilai ICOR yang dimiliki. Kajian menggunakan data sekunder tahun 2008–2012 yang bersumber dari lembaga-lembaga terkait baik di pusat, provinsi, maupun kabupaten/kota. Hasil analisis menunjukkan kisaran nilai ICOR pada masing-masing kabupaten/kota adalah antara 2,65 hingga 4,97 dengan rata-rata nilai ICOR subsektor tanaman pangan, hortikultura, perkebunan, dan peternakan serta sektor pertanian secara berurutan adalah 3,22, 3,40, 3,20, dan 3,23. Jumlah kabupaten/kota yang berada pada kategori efisiensi relatif tinggi dan sedang mencapai 73,24 persen pada subsektor tanaman pangan, 81,09 persen pada subsektor hortikultura, 80,89 persen pada perkebunan, 81,49 persen pada subsektor peternakan, dan 70,63 persen untuk sektor pertanian. Hasil analisis ini berimplikasi di antaranya pada: (1) pemerintah pusat bersama pemerintah daerah berkoordinasi kebijakan untuk memberikan fokus investasi pada subsektor atau sektor pertanian dalam rangka meningkatkan investasi di daerah baik yang bersumber dari investasi pemerintah, swasta maupun masyarakat; (2) perlu dilakukan perhitungan kebutuhan investasi menurut subsektor dan masing-masing pelaku investasi pada seluruh kabupaten/kota setelah sasaran pertumbuhan ekonomi ditetapkan; dan (3) unit-unit eselon I terkait di Kementerian Pertanian dapat melakukan koordinasi penentuan fokus utama subsektor dan kabupaten/kota untuk menyandingkan perencanaan pusat, provinsi, dan kabupaten/kota sehingga pencapaian target pertumbuhan ekonomi dan pemenuhan kebutuhan investasi dapat dilakukan bersama-sama. </p>

A Study of Trends in India’s Economic Growth since 1951: The Inclusive Growth Approach

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Arjun. Y. Pangannavar
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Growth Model ◽  
Economic Reforms ◽  
Inclusive Growth ◽  
Economic Growth Rate ◽  
Economic Growth Model ◽  
High Level ◽  
The Impact ◽  
Double Digit

This paper focuses on the saga of India’s economic growth under the ‘Nehru-Mahalanobis Economic Growth Model’ (NMEGM) and ‘Narsimhrao-Manmohan Singh Economic Growth Model’ (NMSEGM). The NMEGM continued till 1990 unceasingly; Indira Gandhi’s social control had supported the model to place India’s economic growth at a high level. After becoming a member of World trade Organization (WTO), India entered the epoch of world new economic order and initiated new economic reforms. It followed globalisation, liberalisation and privatisation policies to achieve double digit economic growth rate. This model is popularly known as ‘Narsimhrao-Manmohan Singh Economic Growth Model’. Based on past trends and new changes, this paper attempts to assess the impact of NMSEGM on future economic growth. India has practiced both endogenous and exogenous models of economic growth. The endogenous model was in operation from 1956-57 till 1990-91 that placed economic growth rate at more than 5%. However, from 1990-91, the new economic reforms have followed the exogenous model that has raised economic growth rate to nearing double-digit; but, the decadal economic growth rate has shown a declining trend. This paper attempts to assess the growth rate trends of Indian economy by using the measuring tool called ‘Inclusive Growth’ to get a fair and true picture.

scholarly journals Empirics of Solow growth model in Nepali economy

2020 ◽  
Vol 23 (1) ◽  
pp. 125-136
Author(s):  
Ramesh Kumar Paudel
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Human Capital ◽  
Steady State ◽  
Growth Model ◽  
Least Square ◽  
Extended Model ◽  
Saving Rate ◽  
State Equilibrium ◽  
Solow Growth Model

Economic growth model developed by R. M. Solow explained the steady-state equilibrium in long run based on neoclassical production function with factor substitutions and diminishing returns in context of developed economy. As the nature of Nepali economy is different than developed economy, this paper aims to analyze economic growth of Nepal in the Solow growth model standard. Specifically, it aims to examine the effect of saving rate, labor growth and human capital on economic growth. On basis of steady-state equilibrium equation developed by Solow, regression equation is developed to find the effect of exogenous variables saving rate and labor growth rate on per capita GDP. Further, the model is extended by adding human capital as regressor. Data of 44 years of Nepali economy are used to analyze the model. Since time series of all the variables are stationary at first difference and they contain same stochastic trend, coefficients are estimated by using ordinary least square method. The analysis shows that the Solow model is applicable to Nepali economy as the predicted coefficients are very close to estimated coefficients. However, the estimated coefficients are very less than the predicted coefficients of the extended model. Furthermore, coefficient of labor growth rate is statistically insignificant in the extended model.

scholarly journals KAJIAN SEKTOR PERTANIAN TERHADAP PEREKONOMIAN DI KABUPATEN MINAHASA UTARA

2017 ◽  
Vol 13 (3A) ◽  
pp. 15
Author(s):  
Kevin John Manoppo ◽  
Benu Olfie L. S ◽  
Lyndon ., Pangemanan
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Agricultural Sector ◽  
Central Bureau ◽  
Average Growth Rate ◽  
Average Growth ◽  
Economic Growth Rate ◽  
Agriculture Sector ◽  
North Sulawesi ◽  
Central Statistics

This study aims to determine the size of the contribution to the agricultural sector and to determine whether the agricultural sector became the basic sector and any agricultural sub-sector that became the base sector. The data used were collected from Central Bureau of Statistics of North Minahasa District, Central Statistics Agency of North Sulawesi, North Minahasa BAPPEDA. The data is then analyzed by calculating how much the contribution of agriculture sector to the economi of North Minahasa District, LQ, and economic growth rate. The results showed that the contribution of the agricultural sector tends to decrease in the period 2010-2015, but the agricultural sector is still the sector that has the largest contribution in PDRB Kabupaten Minahasa Utara. Average growth rate of agriculture sector during the period of 2010-2015 was amounted to 4.48% the calculation of LQ indicates that the agricultural sector was still the base sector in North Minahasa Regency and agriculture sub-sector which is the base sub-sector was horticulture and the others, annual plantation sector such as the livestock sub sector and fishery sub-sector.

scholarly journals Influence of corruption on economic growth rate and foreign investment

2008 ◽  
Vol 63 (4) ◽  
pp. 547-550 ◽  
Author(s):  
Boris Podobnik ◽  
Jia Shao ◽  
Djuro Njavro ◽  
Plamen Ch. Ivanov ◽  
H. E. Stanley
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Foreign Investment ◽  
Economic Growth Rate

External Debts and Economic Growth when Debt Rating Matters

2021 ◽  
Author(s):  
Ly Dai Hung
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Cross Section ◽  
Sovereign Debt ◽  
Developing Economies ◽  
External Debt ◽  
Fixed Effect ◽  
Panel Regression ◽  
Economic Growth Rate ◽  
Determinants Of Economic Growth

The paper investigates the dependence pattern of economic growth on external debt supply by accounting for the safety of debts, measured by the sovereign debt rating. The method of cross-section regression is based on a sample of 145 advanced and developing economies with averaged data over the 1990–2019 period. The pattern of economic growth follows a U-shaped curve, for which the growth rate is first decreasing and then increasing on the external debt supply. A possible explanation can rely on the sovereign debt rating. For low supply of external debts, more supply of debts reduces the debt rating, which, in turn, lowers the economic growth rate. But for high enough supply of debts, more debts raise their rating, improving the growth rate. These results are robust on controlling for various determinants of economic growth and on the fixed effect panel regression.

scholarly journals IMPACT OF THE STATE SOCIAL POLICY ON THE ECONOMIC GROWTH RATE

2010 ◽  
pp. 56-59
Author(s):  
A. N. Ryahovskaya
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Social Policy ◽  
Economic Crisis ◽  
The State ◽  
Special Significance ◽  
Economic Growth Rate ◽  
The People ◽  
The Social ◽  
Scientific Justification

As a result of the global financial and economic crisis, social problems have sharpened significantly. They affect the interest of the most population of the country. The efficiency of anti-recessionary measures and their productivity in the social field are analyzed in the article. According to the adjusted estimates of the RF Government, decrease in actual income of the people will continue and only by the end of 2012 a growth by only 3% to 2008 level is projected. The degree of elaboration and scientific justification of the state turnaround policy are getting special significance.

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.

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