scholarly journals Accounting for innovative factors of economic growth in the production function of Cobb-Douglas (on the example of old industrial regions of Ukraine)

2021 ◽  
Vol 1 (93) ◽  
pp. 5-19
Author(s):  
Yuri Kharazishvili ◽  
◽  
Vyacheslav Lyashenko ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Production Function ◽  
Main Tool ◽  
Utilization Rate ◽  
Aggregate Supply ◽  
Industrial Regions ◽  
Integral Assessment ◽  
The Impact ◽  
Old Industrial Regions

Based on the analysis of the quantitative assessment of the influence of the factors of innovative activity on the dynamics of economic development and the endogenous determination of its contribution to the economic growth of the country, it is revealed that in foreign researches it is identified with the concept of the influence of scientific and technological progress. However, the impact of innovative factors on economic growth is not considered separately. Attempts of such a definition in Ukrainian researches are limited to well-known approaches: methods of integral assessment, methods of expert assessments, the method of multipliers, econometric models. Most of the approaches considered are focused on defining the innovative impact on economic development, rather than on economic growth. The main tool for assessing the role and innovative contribution to economic growth is the aggregate supply function model, usually based on the Cobb-Douglas production function. The analysis of the approaches used revealed a number of comments on econometric approaches. In contrast to this, an approach is proposed based on the neoclassical production function of Cobb-Douglas with a constant return to scale in the form of J. Tinbergen, with technical progress neutral according to J. Hicks, decreasing marginal productivity of macrofactors with limited interchangeability, which provides a causal functional (and not a statistical) relationship between input and output variables; does not require long time series. It is characterized by dynamic coefficients of elasticity, capital utilization rate and taking into account the innovation factor in each separate period. The innovation factor includes: the gross domestic expenditures on research and development, the expenditures on innovation, general expenditures on education. To define the contribution of formal innovation factor in economic growth applied "method of Solow residual", which by taking the logarithm and obtaining logarithmic derivatives in the production function, provides a formalized information about the contribution of each factor to economic growth and allows to develop the necessary regulatory measures. The method has been tested at the level of the country and old industrial regions of Ukraine: Dnepropetrovsk, Zaporozhye and Kirovograd regions of the Dnieper economic region of Ukraine. The role, importance and influence of the main factors of economic growth along with innovative ones on the part of the aggregate supply are considered and the cost-effectiveness of innovative factors is estimated.

scholarly journals Influence of tax burden on economic development of agricultural enterprises in Ukraine

2020 ◽  
Vol 7 (1) ◽  
pp. 150-162
Author(s):  
Oleg Odintsov ◽  
Tetiana Yevtukhova ◽  
Elina Vasylkonova ◽  
Valentyna Kunchenko-Kharchenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Production Function ◽  
Economic Performance ◽  
Tax Burden ◽  
Resource Potential ◽  
Agricultural Enterprises ◽  
Main Factors ◽  
Effective Development ◽  
The Impact

The condition of the effective development of agricultural enterprises in Ukraine is to increase the efficiency of using resource potential. At the same time, it is necessary to take into account the main factors of the development, including the tax burden on the industry. Therefore, it is important to study the impact of the tax burden on the economic performance of the agricultural enterprises. The article deals with the improvement of the traditional two-factor production function of the Cobb-Douglas through the inclusion of the additional factors. The four-factorial production-institutional function of agricultural enterprises in Ukraine has been constructed allowing to calculate econometric parameters and to evaluate the functioning of the industry. The patterns of the interaction of tax burden and economic growth agricultural enterprises in Ukraine are revealed.  The calculated econometric parameters of the functioning of agricultural enterprises in Ukraine made it possible to determine the tax loadings points Laffer's of the first and second orders, the productivity of each factor, and the phased replacement of one factor to another. It has been proved that optimizing the tax burden on agricultural enterprises makes it possible to direct the resource potential to increase the agricultural volumes production and increase tax revenues from the industry.

Сobb-Douglas Production Function: Myth and Reality

2014 ◽  
Vol 3 (4) ◽  
pp. 54-60
Author(s):  
Юсим ◽  
Vyacheslav Yusim ◽  
Прокопьев ◽  
Aleksandr Prokopev
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Production Function ◽  
Economic Systems ◽  
Technological Factors ◽  
Definition Of ◽  
Impact Of Technology ◽  
The Impact ◽  
Douglas Production Function

The article considers the problem of assessing the impact of technology on the dynamics of economic development and critically evaluates the best-known production function — the Cobb-Douglas function, which is the basis of many models seeking to explain the sources of economic growth. Meanwhile the provision is argued that the methodological solution to this problem exists and reveals the essence of the author’s approaches to the definition of the role of technological factors in the development of economic systems.

scholarly journals Network model for researching the impact of the increasing of division of labor on innovations and economic growth

2020 ◽  
pp. 60-69
Author(s):  
I.P. Timofeev ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic System ◽  
Division Of Labor ◽  
Network Model ◽  
Economic Development And Growth ◽  
Economic Interpretation ◽  
The Impact ◽  
Further Development

The author offers a network model of the economic system designed to research the impact of increasing technological division of labor on the opportunities for economic development and growth. The article describes the main elements of the model and their economic interpretation, as well as the basic rules for its construction. An economic network consists of sets of producers, consumers and goods flows between them. The author shows how the model represents the appearance of various types of innovations. The author has outlined main directions of further development and researching the model.

scholarly journals ANALISIS POTENSI DAN EFEKTIVITAS PAJAK HOTEL DAN RESTORAN SERTA DAMPAKNYA TERHADAP PAD DAN PERTUMBUHAN EKONOMI DI KABUPATEN MINAHASA

2019 ◽  
Vol 19 (6) ◽  
Author(s):  
Jessy V. Tiwang ◽  
Debby Ch. Rotinsulu ◽  
Daisy S.M. Engka
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Tax Collection ◽  
Local Revenue ◽  
Starting Point ◽  
The Impact ◽  
The City

ABSTRAK             Pembangunan ekonomi daerah khususnya Pemerintah Kota merupakan titik awal pelaksanaan pembangunan, sehingga daerah diharapkan bisa lebih mengetahui potensi dan apa yang menjadi kebutuhan daerahnya salah satunya peningkatan Pendapatan dan Pertumbuhan ekonomi melalui proses pemugutan pajak Hotel dan Restoran guna dampak sesuai yang diharapkan.            Dalam penelitian ini bertujuan untuk menganalisis potensi dan efektivitas Pajak Hotel dan Restoranserta dampaknya terhadap Pendapatan Asli Daerah dan Pertumbuhan Ekonomi di Kabupaten Minahasa.            Berdasarkan hasil penelitian menunjukkan bahwa Pajak Hotel dan Restoran masih kurang berpotensi, sementara untuk tingkat efektivitas, Pajak Hotel dan Restoran menunjukkan angka yang efektif yakni rata-rata diatas 100%, dan secara bersama variabel Pajak Hotel dan Restoran memberikan pengaruh yang positif terhadap Pendapatan Asli Daerah, begitu pula secara bersamaan variabel Pajak Hotel dan restoran serta Pendapatan Asli Daerah memberikan pengaruh yang positif terhadap tingkat pertumbuhan ekonomi yang ada di Kabuaten Minahasa. Kata Kunci : Pendapatan Asli Daerah, Pertumbuhan Ekonomi, Pajak Hotel dan Restoran  ABSTRACT             Economic development areas especially the city is the starting point of construction , so that the regions is expected to be more aware of their potential and what has been one of the needs of the regions increase in income and economic growth through a tax collection hotel and restaurant to the impact as expected.            In this study aims to to analyze the all the potential and the effectiveness of tax hotel tax and restoranserta what effect it had on the regional genuine income and economic growth in kabupaten Minahasa .            Based on the research shows that hotel and restaurant tax potential is weak , while the effectiveness , hotel and restaurant tax shows a figure that is effective and above 100% , and together the hotel and restaurant tax positive impact on local revenue , this is also at the same time the hotel and restaurant tax and local revenue positive impact on the economic growth is in kabupaten Minahasa . Keyword : Local revenue, economic growth, hotel and restaurant taxes

scholarly journals Learning Losses Caused by the Covid-19 Pandemic - A Significant Threat to Economic Development

2021 ◽  
Vol 4 (1) ◽  
pp. 92
Author(s):  
Tea Kasradze ◽  
Nino Zarnadze
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Organizations ◽  
Positive Impact ◽  
Secondary Data ◽  
Market Demand ◽  
Local Policy ◽  
Education Systems ◽  
Increase Productivity ◽  
The Impact

Numerous studies show that there is a positive correlation between education and the economic development of the country. Strong education systems have a positive impact not only on the success of individuals but also on the economy of the entire country. Graduates equipped with the skills required by the labor market can easily find a place in this market. Knowledge and skills relevant to market demand increase productivity have a positive impact on economic growth and development. Unfortunately, Covid Pandemic has severely damaged the education systems. Governments, scientists, and experts provide us with statistical information daily around the world about both the slowdown in economic growth as a whole and the problems of individual sectors of the economy. These are the problems and numbers that are already visible and it can be said that the losses are easily measurable. However, the damage caused to the economy by education systems affected by the pandemic will be felt by countries and humanity years later, nor will it be easy to calculate. The problem is even more difficult in poor and developing countries. This paper aims to study the impact of the Covid Pandemic on the education system and economy in Georgia. The research examines the reports and studies of various international organizations, analyzing the secondary data obtained from them. Local policy documents, government reports and regulations, and papers of different researchers have also been studied, conclusions have been made and relevant recommendations have been developed.

scholarly journals Analysis of The Impact of The Region Expansion on Economic Growth (Case Study: Expansion of North Toraja Regency from Tana Toraja)

Jurnal Office ◽  
2019 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Samuel Randy Tapparan ◽  
Abdul Wahab
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Data Collection ◽  
T Test ◽  
Regional Government ◽  
The People ◽  
Analysis Technique ◽  
Autonomous Regions ◽  
The Impact

The increasing number of regions proposing themselves to form new autonomous regions since the enactment of Law Number 32 of 2004 concerning "Regional Government", aims to improve economic development and the welfare of the people in each region. The purpose of this study was to analyze the impact of regional expansion on the economic growth of North Toraja Regency. The Technik of data collection in this study uses the documentary Technik, which is in the form of reports from relevant agencies. The analysis technique used is by using the independent sample T-test. The results of the study show that regional expansion has an impact on the economic growth of North Toraja Regency.

scholarly journals The Impact Of Macroeconomic Factors In Economic Growth

2016 ◽  
Vol 12 (7) ◽  
pp. 331 ◽  
Author(s):  
Alush Kryeziu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Public Debt ◽  
Budget Deficit ◽  
Econometric Model ◽  
Macroeconomic Factors ◽  
The Public ◽  
Time Period ◽  
Macroeconomic Indicators ◽  
The Impact

In this paper will be discussed the main concepts and trends of the macro-fiscal indicators in economic growth, as well as their importance in the economic development of different countries, with special emphasis in Kosovo. One of the aims of this paper is to define and explain the connection between macroeconomic indicators with specific emphasis: the public debt, budget deficit and inflation on economic growth. In order to analyze this impact of variables in economic growth, the targeted time period of research is the period from 2004 to 2014. While the data taken regarding Kosovo were obtained from the year 2005, due to the fact that earlier the data have been limited because of the developments in which Kosovo went through. The model that best represents the link between macro-fiscal indicators on economic growth is the linear regression as an econometric model. We will have the opportunity to see and interpret these data. The overall results have emerged in accordance with theoretical discussions presented, but this relationship has not turned out to be very strong because the coefficients acquired did not have great explanatory skills for economic phenomena.

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.

scholarly journals Energy Price and Energy Efficiency in China: A Linear and Nonlinear Empirical Investigation

Energies ◽  
2020 ◽  
Vol 13 (16) ◽  
pp. 4068 ◽  
Author(s):  
Peng Hou ◽  
Yilin Li ◽  
Yong Tan ◽  
Yuanjie Hou
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Energy Efficiency ◽  
Economic Development ◽  
Energy Price ◽  
Effect Analysis ◽  
Economic Growth Rate ◽  
Development Level ◽  
Linear And Nonlinear ◽  
The Impact

The empirical conclusions regarding the relationship between energy price and energy efficiency are relatively mixed. This paper systematically examines the influence of energy price on energy efficiency in China based on data from 30 provinces between 2003 and 2017, using linear and nonlinear effect analysis. We found that the impact of energy price on energy efficiency in China was positive in general. However, there existed heterogeneous effects of energy price on energy efficiency in various regions, and the effect differed with differences in energy efficiency levels based on the panel quantile regression analysis. Finally, the nonlinear effect analysis based on the panel threshold model indicated that the effect of energy price on energy efficiency increased with the rise of the environmental regulation level and economic growth rate, while it decreased with the ascent of the degree of energy price distortion and economic development level. In particular, when the value of a region’s economic development level and economic growth rate was within a certain range, the impact was not statistically significant. Overall, these findings contribute to a deeper understanding regarding the effect of energy price on energy efficiency in China.

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