scholarly journals The Impact of the Covid-19 Pandemic on the Vietnamese Economy: A Comprehensive Assessment based on Data Analysis and Surveys

Webology ◽  
2021 ◽  
Vol 18 (Special Issue 04) ◽  
pp. 149-163
Author(s):  
Hoang Phuong Nguyen ◽  
Viet Duc Bui
Keyword(s):  
Implementation Process ◽  
Gdp Growth ◽  
Strong Impact ◽  
Policy Recommendations ◽  
Business Sector ◽  
Analysis And Synthesis ◽  
The Government ◽  
The Impact ◽  
Policy Solutions

For mankind, war always brings heavy devastation to people and property. In general, pandemic diseases are a factor causing mass death and much greater socio-economic devastation than war. Updating current news and analysis and synthesis initially shows that globalization has made the Covid-19 pandemic spread rapidly worldwide, unprecedented in history. At the same time, the Covid-19 pandemic had a strong impact on people's lives. This study aims to project the impact scenarios of the Covid-19 pandemic on the Vietnamese economy and provide some policy recommendations to limit negative economic impacts. The results of the study indicate that: (i) Q2 GDP growth of Vietnam is forecast to be around 2.0% over the same period and will even decline if a bad scenario occurs; (ii) If the pandemic is prolonged, the impact on the economy in general and the business sector, in particular, will be very serious. We recommend the government build a variety of economic policy scenarios ranging from short (support) to long term (rescue) to cope with the pandemic situation in Vietnam and other countries worldwide. The proposed policy solutions need to consider the delay in the issuance and implementation process to ensure timeliness and efficiency.

ASSESMENT OF THE IMPACT OF THE PANDEMIC ON THE DEVELOPMENT OF AGRICULTURE IN KAZAKHSTAN

2021 ◽  
Author(s):  
А.Д. Ибыжанова ◽  
И.В. Богдашкина ◽  
А.Қ. Джакупова ◽  
А. Ibyzhanova ◽  
I. Bogdashkina ◽  
...  
Keyword(s):  
Agricultural Sector ◽  
Likelihood Method ◽  
Strong Impact ◽  
Agricultural Policies ◽  
Short Term ◽  
Growth Trend ◽  
The Face ◽  
The Government ◽  
The Impact

COVID-19 пандемиясы ауылшаруашылық және орман шаруашылығы нарықтары үшін қысқа мерзімді соққы болды, бірақ ұзақ мерзімді әсерлері әлі анық емес. Ұзақ мерзімді тенденциялар туралы сенімді ақпараттың болмауына байланысты, қазіргі кезде белгісіздік жағдайында болашақ азық-түлік қауіпсіздігі мен саланың кірістеріне қатты әсер ететін аграрлық саясат шеңберінде шешімдер қабылдануда. Қазақстан үкіметі ауылшаруашылығында және агро азық-түлік нарығында бірқатар шаралар қабылдады. Алайда, ауылшаруашылық экономикасы үшін пандемияға байланысты тәуекелдер сақталуда және оларды азайту үшін қысқа мерзімді, орта мерзімді және ұзақ мерзімді шаралар қажет. Біз 1991 жылдан бергі кезеңде ауыл шаруашылығының жалпы өнімінің (көрсетілетін қызметтерінің) нақты көлем индексінің серпінін талдау аясында COVID-19 пандемиясының Қазақстанның ауыл шаруашылығы саласына әсерін болжауға әрекет жасадық. Қазақстан экономикасының маңызды секторларының бірі бола отырып, ауыл шаруашылығы қазақстандықтарды қажетті азық-түлікпен және өмір сүру қаражатымен қамтамасыз етеді. Сондықтан біздің зерттеуіміз COVID-19 қарсылығын жалғастырудың алғышарты болып табылады және директивалық органдарға тиімді ауылшаруашылық саясатын жасауға көмектеседі. Зерттеу максималды ықтималдылық әдісін қолданды. Біздің есептеулеріміз бойынша Қазақстанда алдағы 3 жылда ауыл шаруашылығы өнімдерін өндіру индексінің өсу үрдісі 105,7 -106,2% деңгейінде сақталуы тиіс. Экспорттың аздап қысқаруы және агроөнеркәсіптік сектор өнімдері импортының өсуі болжанып отыр. Кілт сөздер:пандемия, азық-түлік қауіпсіздігі, аграрлық экономика, болжау, ауылшаруашылық, тауар өндірушілер, мемлекеттік қолдау,ұзақ мерзімді тенденциялар,аграрлық сектор,ауылшаруашылық саясаты. The COVID-19 pandemic has become a serious short-term (immediate) shock to markets of agricultural and forestry industries, but the long-term implications are not yet clear. Due to the lack of reliable information on long-term trends, decisions in agricultural policy are now being formulated that will have a strong impact on the future food safety and profitability of the industry in the face of uncertainty. The government of Kazakhstan has taken a number of measures in the field of agriculture and the agri-food market. However, the risks to the agricultural economy in relation with the pandemic remain, and to reduce these risks, short-term, medium-term and long-term measures are necessary. We have made an attempt to predict the impact of the COVID-19 pandemic on the agricultural sector of Kazakhstan, in the light of the analysis of the dynamics of the index of the physical volume of gross agricultural output (services) for the period since 1991. Being one of the most important sectors of the economy of Kazakhstan,agriculture provides Kazakhstanis with the necessary products and means of subsistence. Therefore, our study is a prerequisite for continuing resistance to COVID-19 and can help policy makers develop effective agricultural policies. The study used the maximum likelihood method. According to our calculations, the growth trend of the agricultural production index in Kazakhstan should continue in the next 3 years at the level of 105.7 -106.2%. A slight decline in exports and an increase in imports of agricultural products are projected.

Financial and monetary policy of the State and its impact on the income level and poverty reduction in Russia

2020 ◽  
Vol 26 (5) ◽  
pp. 964-990
Author(s):  
N.I. Kulikov ◽  
V.L. Parkhomenko ◽  
Akun Anna Stefani Rozi Mobio
Keyword(s):  
Monetary Policy ◽  
Household Income ◽  
Poverty Reduction ◽  
The State ◽  
Financial Policy ◽  
Gdp Growth ◽  
Tax Rate ◽  
Gdp Growth Rate ◽  
The Government ◽  
The Impact

Subject. We assess the impact of tight financial and monetary policy of the government of the Russian Federation and the Bank of Russia on the level of household income and poverty reduction in Russia. Objectives. The purpose of the study is to analyze the results of financial and monetary policy in Russia and determine why the situation with household income and poverty has not changed for the recent six years, and the GDP growth rate in Russia is significantly lagging behind the global average. Methods. The study employs methods of analysis of scientific and information base, and synthesis of obtained data. The methodology and theoretical framework draw upon works of domestic and foreign scientists on economic and financial support to economy and population’s income. Results. We offer measures for liberalization of the financial and monetary policy of the government and the Central Bank to ensure changes in the structure of the Russian economy. The proposed alternative economic and financial policy of the State will enable the growth of real incomes of the population, poverty reduction by half by 2024, and annual GDP growth up to 6 per cent. Conclusions. It is crucial to change budget priorities, increase the salaries of public employees, introduce a progressive tax rate for individuals; to reduce the key rate to the value of annual inflation and limit the bank margin. The country needs a phased program to increase the population's income, which will ensure consumer demand.

Why do the national financial and monetary policies not boost the economy?

2020 ◽  
Vol 26 (7) ◽  
pp. 1496-1521
Author(s):  
N.I. Kulikov ◽  
M.A. Kulikova ◽  
A.A.S.R. Mobio
Keyword(s):  
Central Bank ◽  
Policy Support ◽  
Gdp Growth ◽  
Government Contracts ◽  
Monetary Policies ◽  
The Past ◽  
Russian Economy ◽  
Yearly Average ◽  
Analysis And Synthesis ◽  
The Government

Subject. This article assesses the reasons why the economic policy of the Government and Central Bank of Russia does not cause the economic advance. The article tries to find out why the two strategic programmes adopted over the past ten years have not been implemented in most indicators. Objectives. The article aims to analyze the results of financial and monetary policies in Russia over the past ten years, and establish why the Russian economy has been growing within one percent yearly average all these years, and its share in the world economy has not grown, but got reduced even. Methods. For the study, we used the methods of analysis and synthesis. Results. The article proposes certain measures and activities to move to soft financial and monetary policies of the State and corresponding changes in the structure of the Russian economy. This will help ensure six to seven percent GDP growth annually. Conclusions. High loan rates have become the main obstacle to GDP growth in Russia. It is necessary to accept concrete actions and decisions concerning the Bank of Russia key rate, expansion of the functions of the Central Bank of the Russian Federation, industrial policy, support of consumer demand, long-term government contracts for the real sector enterprises, etc.

scholarly journals KUALITAS PELAYANAN SEKOLAH TTERHADAP KEPUASAN MAHASISWA DAN PENCIPTAAN BRAND IMAGE

2018 ◽  
Author(s):  
Lusiah
Keyword(s):  
Higher Education ◽  
High School ◽  
Brand Image ◽  
Good Service ◽  
Good Image ◽  
New Students ◽  
The Government ◽  
The Impact

The development of higher education in Indonesia is increasingly evident. It is characterized by many private colleges are spread all over Indonesia. But in recent years the government did not give permission to those who want to establish a college. One reason is the government not only menginginkankan development in terms of quantity alone, but must be accompanied by good quality of any existing college.The number of colleges that exist today is already growing its own competition. The high level of competition among private universities is happening now requires every college has the right strategy to attract the interest of new students. Each college offers the advantages of each. However, not all universities have a particular brand image compared with other universities.One of the determining factors of brand image is the satisfaction of its customers. While satisfaction itself arises as a result of service perceived by the customer.College is not only required to provide a good quality education, but they also must be able to provide good service to students as well. Good service is expected to provide satisfaction for students. Of course in the long term, the impact of satisfaction that will form a good image for the college concerned anyway.STIE IBBI Medan is one of the private high school that has a good image in the city of Medan. However, STIE IBBI still have to further improve the quality of services provided to students. It is necessary to maintain the good image that has been owned STIE IBBI today.The plan of the research will be conducted in STIE IBBI Medan. The population is all students STIE IBBI. The long term goal of this research is to STIE IBBI to increase public confidence in higher education that will take in high school applying good quality excellent service. Expected from the results of this study, STIE IBBI can also implement appropriate marketing strategies to improve the quality of service to students. In addition, the results of this research can be a good reference for prospective new students who will pursue higher education in the STIE IBBI Medan.

scholarly journals FINANCIAL INCLUSION AND POVERTY ALLEVIATION AMONG SMALLHOLDER FARMERS IN ZIMBABWE

2020 ◽  
Vol 8 (3) ◽  
pp. 168-182
Author(s):  
David Mhlanga ◽  
◽  
Steven Henry Dunga ◽  
Tankiso Moloi ◽  
◽  
...  
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Poverty Reduction ◽  
Smallholder Farmers ◽  
Financial Education ◽  
Financial Inclusion ◽  
Strong Impact ◽  
Development Goals ◽  
The Government ◽  
The Impact

The study sought to investigate the impact of financial inclusion on poverty reduction in Zimbabwe among the smallholder farmers. It is alleged that financial inclusion can help in achieving seven of the seventeen sustainable development goals (SDGs), which include poverty eradication in all its forms everywhere, ending hunger, achieving food security, ensuring improved nutrition as well as promoting sustainable agriculture and many others. Using the simple regression method, the study discovered that financial inclusion has a strong impact on poverty reduction among smallholder farmers. The study went on to discover that, for the government to tackle poverty especially among the smallholder farmers, it is important to ensure that farmers do participate in the financial sector through saving, borrowing and taking out insurance among other services. So, it is important for the government of Zimbabwe to fully implement policies that encourage financial inclusion such as making sure that farmers find it easy to access financial institutions and encouraging financial institutions to review transaction costs like bank account opening charges periodically, implementing financial education programs among the farmers because these variables are important in influencing farmers to participate or preventing them from using financial services.

scholarly journals Incentive Contract Design considering Fairness Preferences and Carbon Emission Reduction Multiobjective Tasks

2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Zhipeng Li ◽  
Shuzhen Zhu ◽  
Xinyu Cao
Keyword(s):  
Discount Rate ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Correlation Coefficients ◽  
Carbon Emission Reduction ◽  
Incentive Model ◽  
Incentive Strategies ◽  
The Government ◽  
The Impact

Considering the multitargets of corporate carbon emission reduction and the fairness preference psychology of the company, a government incentive model for corporate carbon emission reduction was constructed. The impact of corporate fairness preferences on government carbon emission reduction incentive strategies is studied. In addition, numerical simulation is used to analyze the impact of changes in correlation coefficients, fairness preference coefficients, and discount rates on the optimal enterprise effort coefficient and the government optimal incentive coefficient. Research shows that the degree of fairness preference of a company has a direct impact on the degree of corporate effort, while the discount rate will only have an impact on the company’s long-term effort. In order to improve corporate carbon emission reduction efforts, the government must not only consider the impact of fairness preference on corporate efforts but also flexibly adjust the incentive coefficient of long-term and short-term tasks based on the discount rate.

scholarly journals Guanxi, Trust, and Long-Term Orientation in Chinese Business Markets

2005 ◽  
Vol 13 (2) ◽  
pp. 28-56 ◽  
Author(s):  
Don Y. Lee ◽  
Philip L. Dawes
Keyword(s):  
Hong Kong ◽  
Interpersonal Relationships ◽  
Chinese Culture ◽  
Three Dimensional ◽  
Business Markets ◽  
Latent Construct ◽  
Chinese Business ◽  
The Government ◽  
The Impact

This research focuses on buying firms’ trust in a supplier's salesperson and posits that this type of trust is determined by characteristics of the salesperson, the interpersonal relationships between a salesperson and the buying firm's boundary personnel, and characteristics of personal interactions between these two parties. More important, the authors discuss the concept of interpersonal relationships in the context of Chinese culture and model it as a three-dimensional latent construct, which, in some literature, is called guanxi. A key aspect of this research is that the authors investigate the impact of each dimension of guanxi on salesperson trust separately. Moreover, the authors consider the buying firm's trust in the supplying firm and its long-term orientation toward the supplier the consequences of salesperson trust. To test the model, the authors use data collected from 128 buying organizations in Hong Kong. The sampled firms are from both the government and private sectors.

Accounting for gaming in the time of plague: COVID-19 in Macau

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Carlos Noronha ◽  
Jieqi Guan ◽  
Sandy Hou In Sio
Keyword(s):  
Critical Event ◽  
Gaming Industry ◽  
Content Type ◽  
The Public ◽  
The Social ◽  
Social Account ◽  
The Government ◽  
The Impact ◽  
Practical Implications

Purpose While the COVID-19 virus has been spreading worldwide, some studies have related the pandemic with various aspects of accounting and therefore emphasized the importance of accounting research in understanding the impact of COVID-19 on society as a whole. Recent studies have looked into such an impact on various industries such as retail and agriculture. The current study aims at applying a sociological framework, sociology of worth (SOW), to the gaming industry in Macau, the largest operator of state-allowed gambling and entertainment in China, which will allow for its development during the COVID-19 pandemic to be charted. Design/methodology/approach The study uses the theory of SOW as a framework and collects data from various sources, such as the government, gaming operators and the public, to create timelines and SOW frameworks to analyze the impact of the virus on the gaming industry and the society as a whole. Findings Detailed content analysis and the creation of different SOW matrices determined that the notion of a “lonely economy” during a time of a critical event may be ameliorated in the long term through compromises of the different worlds and actors of the SOW. Practical implications Though largely theory-based, this study offers a thorough account of the COVID-19 incident for both the government and the gaming industry to reflect on and to consider new ways to fight against degrowth caused by disasters or crises. Social implications The SOW framework divides society into different worlds of different worths. The current study shows how the worths of the different worlds are congruent during normal periods, and how cracks appear between them when a sudden crisis, such as COVID-19, occurs. The article serves as a social account of how these cracks are formed and how could they be resolved through compromise and reconstruction. Originality/value This study is a first attempt to apply SOW to a controversial industry (gaming) while the effects of the COVID-19 pandemic are ongoing. It offers a significant contribution to the social accounting literature through its consideration of the combination of unprecedented factors in a well-timed study that pays close attention to analyses and theoretical elaboration.

Pushing for Policy Innovation

2019 ◽  
pp. 122-147
Author(s):  
Marianne S. Ulriksen
Keyword(s):  
Old Age ◽  
Policy Development ◽  
Social Protection ◽  
Safety Net ◽  
Domestic Institutions ◽  
Social Safety Net ◽  
Political Interests ◽  
The Government ◽  
Policy Solutions

In the early 2000s, there was low elite commitment to social protection in Tanzania. Yet, in 2012, the government officially launched a countrywide social safety net programme and a year later announced the introduction of an old-age pension. This chapter explores what explains the change in elite commitment to social protection between the early 2000s and 2015. The analysis takes an ideational approach, and it is shown how the promotion of social protection has been driven by international and domestic institutions with the resources, expertise, and authority to present policy solutions fitting the elite’s general ideas about Tanzania’s development challenges and possible responses thereto. Thus, ideas play an important role in policy development but they may also be vulnerable to political interests that can challenge the long-term sustainability of promoted policies.

Knowledge Management Trends

2011 ◽  
pp. 3475-3483 ◽  
Author(s):  
Lisa A. Petrides ◽  
Lilly Ngyuen
Keyword(s):  
Higher Education ◽  
Knowledge Management ◽  
Information Transfer ◽  
Higher Education Institutions ◽  
Theory And Practice ◽  
Educational Institutions ◽  
Business Sector ◽  
The Impact ◽  
Systemwide Change

While the pressure of public accountability has placed increasing pressure on higher education institutions to provide information regarding critical outcomes, this chapter describes how knowledge management (KM) can be used by educational institutions to gain a more comprehensive, integrative, and reflexive understanding of the impact of information on their organizations. The practice of KM, initially derived from theory and practice in the business sector, has typically been used to address isolated data and information transfer, rather than actual systemwide change. However, higher education institutions should not simply appropriate KM strategies and practices as they have appeared in the business sector. Instead, higher education institutions should use KM to focus on long-term, organization-wide strategies.

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