scholarly journals THE IMPACT OF THE INSTITUTIONAL ENVIRONMENT ON THE ECONOMIC DEVELOPMENT

Ekonomika ◽  
2009 ◽  
Vol 87 ◽  
pp. 141-153 ◽  
Author(s):  
Vidmantas Jankauskas ◽  
Janina Šeputienė
Keyword(s):  
Economic Development ◽  
Institutional Environment ◽  
Gdp Per Capita ◽  
Development Institutions ◽  
Per Capita ◽  
Relationship Of ◽  
Openness To Trade ◽  
The Impact ◽  
The Relationship

Economic literature recognizes three “deep determinants” of economic development: institutions, geography and openness to trade. Discussion in the literature focuses on what part of the income per capita variation can be explained by institutions, geography and openness to trade. The empirical results can’t offer a clear answer, but there is a broader agreement in the literature that institutions play a more important role than geography and openness to trade. What is unclear whether the institutions also can explain variation in per capita income across countries, in which institutional environment is to some degree similar..This article aims to explore and quantify the relationship of the income level with institutional environment, geography and openness to trade across countries, grouped according their institutional environment quality.The results reveal that extent to which the variation in GDP per capita can be associated with the quality of institutional environment differs a lot between good and bad institutional environment samples. The results in good institutional environment sample come in line with series of studies in which the strong and positive link between various measures of institutions and economic development was established and support primacy of institutions over openness to trade and geography. I In bad institutional environment sample, on the contrary,no evidence was found that institutions mean a lot in respect of differences in GDP per capita. These results should not be interpreted so as to mean that institutional environment is not important, rather the degree of “badness” makes no difference.

scholarly journals Towards a Comprehensive Framework of the Relationships between Resource Footprints, Quality of Life, and Economic Development

2020 ◽  
Vol 12 (11) ◽  
pp. 4734 ◽  
Author(s):  
Stefan Cibulka ◽  
Stefan Giljum
Keyword(s):  
Quality Of Life ◽  
Sustainable Development ◽  
Economic Development ◽  
Social Boundaries ◽  
Gdp Per Capita ◽  
Environmental Implications ◽  
Per Capita ◽  
Comprehensive Framework ◽  
The Relationship

The relationship between economic affluence, quality of life, and environmental implications of production and consumption activities is a recurring issue in sustainability discussions. A number of studies examined selected relationships, but the general implications for future development options to achieve environmentally and socially sustainable development of countries at different levels of per capita resource footprints, quality of life, and income have not yet been investigated in detail. In this study, we use a global dataset with 173 countries to assess the overall relationship between resource footprints, quality of life, and economic development over the period of 1990–2015. We select the material footprint and carbon footprint and contrast them with the Human Development Index, the Happiness Index, and GDP per capita. Regression analyses show that the relationship between various resource footprints and quality of life generally follows a logarithmic path of development, while resource footprints and GDP per capita are linearly connected. From the empirical results, we derive a generalized path of development and cluster countries along this path. Within this comprehensive framework, we discuss options to change the path to respect planetary and social boundaries through a combination of resource efficiency increases, substitution of industries and sufficiency of consumption. We conclude that decoupling and green growth will not realize sustainable development if planetary boundaries have already been transgressed.

scholarly journals The Importance Of Human Capital For The Economic Development Of EU Regions

2017 ◽  
Vol 19 (5) ◽  
pp. 63-79 ◽  
Author(s):  
Iwona Laskowska ◽  
Barbara Dańska-Borsiak
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Western Europe ◽  
Gdp Per Capita ◽  
Spatial Dependencies ◽  
Per Capita ◽  
The Relationship ◽  
Positive Effect ◽  
The Eu

The EU designs its cohesion policy with the primary purpose of reducing disparities in regional development. The success of the policy is largely determined by the identification of factors that contribute to such disparities. One of the key determinants of economic success is human capital. This article examines the relationship between the quality of human capital and economic development of EU’s regions. Using spatial analysis methods, the spatial dependencies between the growth of human capital and GDP per capita are investigated. According to the research results, the highest levels of human capital are typical of the most affluent regions in Western Europe, while its lowest levels are found in the poorest countries that became EU members only recently and in countries in southern Europe, including Greece. The spatial correlation measures confirm that spatial relationships have effect on the regional resources of human capital, showing that regions rich in human capital border on regions that are similar to them in that respect. The results of the spatial growth regression indicate that the amount of human capital in the region has a significant and positive effect on its GDP per capita.

scholarly journals The Correlation Between CO2 Emissions and GDP in a Sustainable Development Framework Using Kuznets Environment Curve

2020 ◽  
Vol 30 (4) ◽  
pp. 1-23
Author(s):  
Ioana Gabriela Cosma ◽  
Katalin Gabriela David ◽  
Daniela Antonescu ◽  
Florin Cornel Dumiter ◽  
Ștefania Amalia Jimon
Keyword(s):  
Economic Development ◽  
Global Climate ◽  
Central Element ◽  
Gdp Per Capita ◽  
Development Framework ◽  
Global Goal ◽  
Per Capita ◽  
The Impact ◽  
The Relationship ◽  
Stages Of Economic Development

AbstractAfter 1990, the problem of finding econometric models to assess the influence of economic development on the environment becomes a global goal, a central element of regional, national and Community policies. A perception on the evolution of global climate change and on the impact of human activity on them has been determined by the hypothesis that in the early stages of economic development, pollution and incomes are growing almost simultaneously, and beyond a certain level of incomes, the trend is reversing, therefore at high levels of incomes and economic growth occur improvements in environmental conditions. In this paper, we aim to analyze the relationship between the level of pollution (CO2 emissions) and revenues (GDP per capita) using the Kuznets Environmental Curve (EKC). To apply the econometric model, two indicators were used: CO2 emissions and GDP per capita, using a panel analysis for the period 2000 - 2016, which included 31 European countries and 527 observations. The article contributes to the development of econometric applications based on panel data and the Kuznets Environmental Curve.

scholarly journals The impact of the institutional environment on the shadow economy

2018 ◽  
Vol 68 (1) ◽  
pp. 115-133 ◽  
Author(s):  
Tural Makhmudov ◽  
Maria Konovalova ◽  
Olga Kuzmina ◽  
Natalia Persteneva
Keyword(s):  
Shadow Economy ◽  
Institutional Environment ◽  
Tax Burden ◽  
Economic Policies ◽  
Development Levels ◽  
The One ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

This article aims to explore the relationship of the shadow economy with the institutional environment and develop practical recommendations for government policies around the world, and particularly in Russia. The urgency of the issue under research is caused by the existing need to study the shadow economy in order to find ways to reduce its scale and level out its negative externalities. Despite the fact that most of the papers focus on tax burden as a fundamental determinant of the shadow economy, the authors of this article believe that institutional tools can expand the boundaries of research on the content of the shadow economy as an economic category. Statistical analysis of 105 countries with different development levels revealed a stronger correlation between the quality of institutions and the size of the shadow economy than the one between total tax burden and the size of the shadow economy. The findings of this article can be useful in developing state strategies for combating the shadow economy and carrying out economic policies of the state as a whole.

Impact of Design on Emotional, Psychological, or Social Well-Being for People With Cognitive Impairment

2018 ◽  
Vol 12 (3) ◽  
pp. 220-232 ◽  
Author(s):  
Elizabeth Karol ◽  
Dianne Smith
Keyword(s):  
Quality Of Life ◽  
Cognitive Impairment ◽  
Literature Review ◽  
Thermal Comfort ◽  
Well Being ◽  
Design Expertise ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

Aim:The objective of this article is to identify and analyze what is known about characteristics in and around the home that support well-being for those with cognitive impairment. This could provide direction for designers of homes in general, but specifically for designers trying to meet the needs of people with cognitive impairment.Background:It has been established that there is a relationship between psychological well-being and a person’s environment. Research also shows that particular design aspects can reduce the impact of cognitive impairment. However, there is limited design expertise in the Australian housing market to create supportive spaces which will help to reduce the impact of the disability for those with cognitive impairment.Method:A literature review was carried out to determine the extent and details of what is known about the relationship of home design and its impact on emotional, psychological, or social well-being for people with cognitive impairment.Conclusions:The study indicates that researchers in various disciplines understand that pragmatic design inputs such as thermal comfort and adequate lighting are important for people with cognitive impairment. In addition, some researchers have shown or surmise that there are other “intangible” designer-controlled elements that have beneficial impacts on people with cognitive impairment. Details of these intangible elements are sparse, and how much they might improve the quality of life for a person with cognitive impairment is not well understood. Further research is required to meet a growing need.

The Code of Ethics for Professional Accountants: Modern tendencies and principles

2021 ◽  
Vol 22 ◽  
pp. 128-141
Author(s):  
Elena N. MAKARENKO
Keyword(s):  
Code Of Ethics ◽  
Professional Activity ◽  
Professional Status ◽  
Social Image ◽  
Relationship Of ◽  
The Impact ◽  
Code Of Professional Conduct ◽  
The Relationship ◽  
Evident Relationship

Subject. Choosing the code of ethics for professional accountants' thinking and moral activity appears to become a key to a higher professional status. It is necessary to ensure the commercial comfort as much as possible for professional accountants to demonstrate their knowledge and observe professional principles. Objectives. I carry out a systemic study into advantages that help accountants respect professional principles of ethics. Methods. The study relies upon the modeling of economic cases, analyzes and synthesizes the information with reference to accounting and management. Results. The article discusses the relationship of the thinking and ethical activity of professional accountants as part of their professional activity that makes them observe the code of professional conduct. I add unusual cases of economic threats companies face to the evident relationship of the ethical principles and typical threats that influence the performance of professional accountants. With all the threats and causes combined, professional accountants sometimes have to depart from professional principles of ethics. Having this in mind, I substantiate the possibility of deriving the highest and lowest effects from the moral activity of accountants, which reflects the quality of their thinking activity. To elevate the professional status and reinforce the code of ethics for professional accountants, I prove that the accountant's professional knowledge influences the business image of a respective entity. The article shows that the motivation is important to raise the professional accountants' responsibility as part of their thinking and moral activities. Conclusions and Relevance. Studying the impact of the relationship between the moral and thinking activity of professional accountants on their performance can be useful to set certain relations between accountants and their employers. If the professional accountant takes his/her best efforts to develop the business and social image of the company, observing the professional code of ethics, while the employer manages to motivate the accountants, they will build the effective business management and mitigate economic risks.

scholarly journals China’s Provincial Vehicle Ownership Forecast and Analysis of the Causes Influencing the Trend

2019 ◽  
Vol 11 (14) ◽  
pp. 3928 ◽  
Author(s):  
Lin Ma ◽  
Manhua Wu ◽  
Xiujuan Tian ◽  
Guanheng Zheng ◽  
Qinchuan Du ◽  
...  
Keyword(s):  
Growth Rate ◽  
Economic Development ◽  
Gompertz Model ◽  
Sustainable Transportation ◽  
Gdp Per Capita ◽  
Employment Rate ◽  
Vehicle Ownership ◽  
Per Capita ◽  
Transport Problems ◽  
The Impact

The growth of vehicle ownership not only brings opportunity for the economy, but also brings environment and transport problems, which is not good for sustainable transportation. It is of great significance to build supporting infrastructure and other services based on accurate forecasts of vehicle ownership in various provinces because of the variance of economic development stages, the carrying capacity of resources, and different degrees of transport planning in each province. We used the Gompertz model in order to predict China’s provincial vehicle ownership from 2018 to 2050. Considering the impact of the population structure, we summed up the growth rate of GDP per labor, the growth rate of population and the growth rate of employment rate to get the growth rate of GDP and then the GDP per capita of each province. We found that the vehicle ownership in each province will grow rapidly in the next 30 years; however, the change in the ranking of vehicle ownership among provinces varies. The ranking of some provinces with high or middle ranking now will decline in the following years, especially Beijing, Tianjin, Shanghai and Xinjiang. While the ranking of some provinces that locates in the middle and low ranking now will increase, such as Chongqing, Hubei, Anhui, Sichuan, Heilongjiang, Jiangxi, Hunan and Guangxi. We also investigate the reasons that affect the trend in each province and we find that the suitable vehicle growth pattern of each province, the stage of economic development and government policy, which are related to the growth rate of GDP per labor, employment rate, and GDP per capita, can affect vehicle ownership in the future.

The role of governance in economic development

2014 ◽  
Vol 41 (12) ◽  
pp. 1265-1278 ◽  
Author(s):  
Muhammad Azam ◽  
Chandra Emirullah
Keyword(s):  
Economic Growth ◽  
Inflation Rate ◽  
Gdp Per Capita ◽  
Dependency Ratio ◽  
Control Variables ◽  
Content Type ◽  
The Pacific ◽  
Per Capita ◽  
Openness To Trade ◽  
The Impact

Purpose – The purpose of this paper is to explore the impact of corruption as an important element of weak governance, with control variables such as inflation rate, openness to trade and dependency ratio on gross domestic product (GDP) per capita income of nine selected countries in Asia and the Pacific. Design/methodology/approach – This study is based on an annual panel data covering the period from 1985 to 2012, and a simple multiple regression for empirical investigation is used. Both fixed effects and random effects models were used as analytical techniques. Findings – The study reveals that both corruption and inflation rate are negatively related to GDP per capita and are statistically significant. As to the impacts of the control variables i.e., dependency ratio is found to be negative and openness to trade to be statistically significant which shows a positive impact on GDP per capita. Practical implications – The results resoundingly confirmed the importance of good governance, therefore, reducing endemic corruption and controlling inflation needs to be among the foremost factors for consideration for policymakers in adopting and implementing macroeconomic and public policies. In order to be most effective in tackling corruption, it is important to get to the root of the problem. In light of the study findings, it is suggested that corruption need to be put under control and economies be made more open to attain more benefits and accelerate economic growth and development. Originality/value – Explicitly, this study provides some valuable evidence on the linkage between endemic corruption and economic growth in some Asia and the Pacific countries in particular and on developing world in general. Presumably, this is the first inclusive investigation on the subject under the study in the context of Asia and the Pacific countries and will emphatically contribute to the literature as well.

scholarly journals The influence of demographic factors on the economic development of the Azerbaijan: the interconnection problem

2020 ◽  
Vol 10 (2) ◽  
Author(s):  
Saleh Nagiyev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
18Th Century ◽  
Demographic Factors ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
World Population ◽  
Per Capita ◽  
The Impact

Demographic factors have sometimes occupied center-stage in the discussion of the sources of economic growth. In the 18th century, Thomas Malthus made the pessimistic forecast that GDP growth per capita would fall due to a continued rapid increase in world population. There is a straightforward accounting relationship when identifying the sources of economic growth: Growth Rate of GDP = Growth Rate of Population + Growth Rate of GDP per capita, where GDP per capita is simply GDP divided by population. This article examines the interconnection between economic development and the demographic policy of Azerbaijan. The article analyzes various approaches of the impact of demographic factors on the economic development of a country. The following demographic factors have been identified and described as significant for the economic development: fertility dynamics, mortality dynamics, population size and gender and age structure.

scholarly journals Comorbidities associated with severe asthma

2019 ◽  
Vol 2 (1) ◽  
pp. 5-9
Author(s):  
Gayatri B. Patel ◽  
Anju T. Peters
Keyword(s):  
Severe Asthma ◽  
Care Utilization ◽  
Adequate Treatment ◽  
Obstructive Sleep ◽  
Asthma Outcome ◽  
Control Asthma ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

Background: Severe asthma can be a challenging disease to manage by the provider and by the patient, supported by evidence of increased health-care utilization by this population. Patients with severe asthma should be screened for comorbidities because these often contribute to poorly controlled asthma. The impact of comorbidities, however, are not completely understood. Objective: To review common comorbidities and their impact on severe asthma. Methods: A review of relevant clinical research studies that examined comorbidities in severe or difficult-to-treat asthma. Results: A number of comorbid diseases, including rhinitis, rhinosinusitis, gastroesophageal reflux, and obstructive sleep apnea, are associated with severe or difficult-to-treat asthma. If present and untreated, these conditions may adversely affect asthma control, quality of life, and/or lung function, despite adequate treatment with step-up asthma controller therapy. Conclusion: Treatable comorbidities are associated with severe and difficult-to-control asthma. Failure to recognize these comorbidities may divert appropriate care and increase disease burden. Assessment and management of these risk factors may contribute to improved asthma outcome; however, more investigation is needed to understand the relationship of comorbidities and asthma due to inconsistency in the findings.

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