Gross fixed capital formation, volume, PPPs, reference year 2015

The tourism industry is poised to command a significant role in the economy of Rwanda, a low-income developing country that is rapidly transforming into a service-oriented economy. However, the industry does not exist as a distinct entity in a country’s national accounts leading to difficulties in estimating its role. Besides, the existence of a significant informal sector aggravates the situation. This study used tourism satellite accounts approach to estimate the economic contribution of tourism. Using primary data from various tourism surveys, six core tables of the tourism satellite accounts framework are presented to estimate the direct economic contribution of tourism to Rwanda’s economy in 2014. In this year, a total of 1,219,529 international tourists visited the country while 560,000 residents took part in domestic tourism trips resulting in internal tourism expenditure/consumption amounting to RWF 261.2bn. This generated an estimated RWF 197.5bn as gross value added by the tourism characteristic industries. Direct tourism gross value added was estimated at RWF 120.0bn while direct tourism gross domestic product, a measure of the direct effects of internal tourism consumption on gross domestic product of the economy was computed at RWF 128.3bn (or 2.5% of Rwanda’s gross domestic product) in the year. In addition to the core six tourism satellite accounts tables, the levels of tourism employment (about 89,000 jobs) tourism gross fixed capital formation (slightly over RWF 200bn) and tourism collective consumption (over RWF 7bn) were estimated. Under this study, the international methodological recommendations on tourism satellite accounts were implemented for Rwanda. The contribution of tourism to gross domestic product, employment, investment, and collective consumption was quantified and estimated. Informal sector tourism activities were included in these estimates. Gross fixed capital formation and collective consumption estimates are tentative due to conceptual considerations documented by the methodological framework.

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The Effect of Capital Expenditure and Gross Fixed Capital Formation on Income Disparity in West Coast Region of North Sumatera

IOP Conference Series Earth and Environmental Science ◽

10.1088/1755-1315/260/1/012022 ◽

2019 ◽

Vol 260 ◽

pp. 012022

Author(s):

B Purba ◽

R Masbar ◽

I Maipita ◽

A Jamal

Keyword(s):

West Coast ◽

Capital Expenditure ◽

Capital Formation ◽

Fixed Capital ◽

Income Disparity ◽

Fixed Capital Formation ◽

Coast Region

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Problems and prospects of management of investment attractiveness of subjects of business

SHS Web of Conferences ◽

10.1051/shsconf/20196706029 ◽

2019 ◽

Vol 67 ◽

pp. 06029

Author(s):

Lidiya Kostyrko ◽

Ruslan Kostyrko ◽

Olena Sereda ◽

Eleonora Chernodubova

Keyword(s):

Financial Regulation ◽

Capital Formation ◽

Fixed Capital ◽

Capital Investments ◽

Capital Asset ◽

Foreign Investments ◽

Fixed Capital Formation ◽

Macroeconomic Indicators ◽

Business Entities ◽

Asset Restructuring

On the basis of the analysis of the scientific views of researchers, the essential characteristics of the category of “investment attractiveness” as an object of management are specified. According to the results of the study of macroeconomic indicators (GDP, gross fixed capital formation, financing of capital investments, financing of innovations, direct foreign investments), the current problems of investment attractiveness in the country are determined. The investment attractiveness of Ukraine is analysed in accordance with the international indices. The sequence of investment attractiveness management of business entities is proposed, where priority is given to the strategies of the financial regulation by the development of business entities. The urgency of the formation of a financial regulation strategy based on an estimation of investment attractiveness is substantiated. The priority directions of increase of investment attractiveness in the framework of realization of the strategy of financial regulation by development of the business entities, which stipulate the choice of sources of financing, optimization of the structure of capital, asset restructuring and financing of innovations are determined.

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