scholarly journals QUARTERLY ANALYSIS: The Progress of Monetary, Banking and Payment System Quarter II – 2012

2012 ◽  
Vol 15 (1) ◽  
pp. 1-2
Author(s):  
Author Team of Quarterly Report Bank Indonesia
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Household Consumption ◽  
The Other ◽  
Partner Country ◽  
Business Climate ◽  
Equipment Investment ◽  
Slowing Down ◽  
High Consumption ◽  
The Impact

During the increasing uncertainty of the global economy, Indonesia is still able to grow by 6.4% (yoy). The main source of the economic growth is domestic demands, which are the increasing household consumptions and investments. The high household consumption is in accordance with the consumers’ confidence and stable consumers’ purchasing power, as indicated from the high sales of retailer. The high consumption and conducive business climate lead to the increase of investment. This condition is supported by business agents’ optimism. Meanwhile, the export growth slowed rapidly as the impact of the slowing down global economy that leads to decreasing demand of the main trading partner country and the low price of commodities. On the other hand, import increase along with the increase of investment activities, particularly machinery and conveyance equipment investment. In the future, the prospect of Indonesian economy would remain strong by 6.3-6.7% in 2012; even several factors of risk should be monitored.

scholarly journals THE EVOLUTION OF EUROPEAN BUSINESS ENVIRONMENT IN THE LAST FOUR YEARS

2015 ◽  
Author(s):  
Cornelia Marcela Danu
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Business Environment ◽  
Country Risk ◽  
Current Account Balance ◽  
Business Climate ◽  
European Business ◽  
National Economies ◽  
The Impact

In the present work I described the evolution of the main coordinates of the business environment in the countries of Europe. I examined the dynamics of economic growth, inflation, budget balance, current account balance, public debt for 41 European countries, taking into account their delimitation of regional groups. Analysis of the business environment in the countries of Europe using the indicators "assessment of the business climate" and "country risk" is aimed at identifying signals which are transmitted by the national economies, to the system of European economy, to the system of global economy but, in particular, the application optimal policies for improving the quality of the societal environment on the continent. I analyzed the impact of economic growth and inflation on business development, establishing relations between the rate of economic growth - the dynamics of the number of enterprises, the rate of inflation - the dynamics of the number of enterprises from 19 countries in Europe.

scholarly journals Prediction and comparison of the impact of COVID-19 epidemic on the financial industry of major countries based on neural intelligent algorithm

2020 ◽  
Vol 39 (6) ◽  
pp. 8831-8838
Author(s):  
Bin Wang ◽  
Qingyuan Zhou
Keyword(s):  
United States ◽  
Global Economy ◽  
Mutual Influence ◽  
The United States ◽  
Household Consumption ◽  
Intermediate Input ◽  
Financial Industry ◽  
Government Consumption ◽  
The Impact ◽  
The Relationship

The global economy appears the trend of anti-globalization under the influence of COVID-19. Based on the input-output table of lead database from 2006 to 2020, this paper divides the factors that affect the development of financial industry in China, the United States and Russia into six aspects: price, intermediate input, household consumption, government consumption, export and import. ADGA-BP neural network model is proposed in this paper, which is based on six aspects of price, intermediate input, consumer, government consumption, export and import. The intermediate input is decomposed from the perspective of industrial structure to study the interrelationship between financial industry and other industries in the three countries. The results show that the intermediate input is the main factor in the development of financial industry in the three countries, but the source industries of the intermediate input are not the same; the two factors of household consumption and price are closely related to the development of financial industry in the three countries, and they all play a role in promoting China, while the relationship between household consumption and the United States and between price and Russia is reverse; Government consumption only has a significant impact on Russia; from the perspective of mutual influence, the mutual investment between the financial industry of China and the United States is relatively large, while the relationship between the Russian financial industry and the two countries is relatively weak. It shows that under the background of covid-19, the development of financial industry is affected.

scholarly journals The Impact of the Interaction of Financial and Industrial Structure on Economic Growth – Evidence from China

2021 ◽  
Vol 251 ◽  
pp. 01101
Author(s):  
Yiqian Tan ◽  
Fan Jiang
Keyword(s):  
Economic Growth ◽  
Industrial Structure ◽  
Financial Structure ◽  
Growth Speed ◽  
Matching Effect ◽  
Industrial Upgrading ◽  
Slowing Down ◽  
Using Data ◽  
The Impact ◽  
The Relationship

In recent years, China’s economic growth speed has been slowing down, leading to the problems of overcapacity and unbalanced regional economic development, and the mismatch between industrial and financial structure is becoming intense. This paper, starting with the relationship among economic growth, industrial structure and financial structure, summarizes the research by the former scholars. On this basis, by using data of 31 provincial panel data in China from 2007 to 2016, the article aims to find out the relationship between the industrial structure and economic growth, the relationship between the financial structure and economic growth and the relationship between the interaction of financial and industrial structure and economic growth. Finally, the conclusions of this paper are obtained that the interaction between the financial structure and the industrial structure can promote the economic growth significantly. However, the matching effect of the financial structure and industrial structure in China has not been completely formed, and the industrial upgrading should be guided to be structurally reformed through the policy.

Impact of river weirs on bedload dynamics in low to medium energy rivers

2021 ◽  
Author(s):  
Vincent Tamisier ◽  
Frédéric Gob ◽  
Emmanuèle Gautier ◽  
Geoffrey Houbrechts ◽  
Thomas Dépret
Keyword(s):  
The Other ◽  
Bed Load ◽  
Medium Energy ◽  
Pit Tags ◽  
Slowing Down ◽  
Return Interval ◽  
Ecological Continuity ◽  
European Regulations ◽  
Set Up ◽  
The Impact

<p>Assessing the impact of weirs in low- to medium-energy rivers, especially their influence on the bedload continuity, is an important issue for the understanding and management of river hydrosystems. The implementation of European regulations has for example led to an increasing number of restoration projects involving the total or partial dismantling of weirs. The effect of weirs on sedimentary continuity is beginning to be studied but remains poorly understood. In this study we present the results of monitoring over three hydrological seasons of 900 particles equipped with PIT tags set up around two weirs on the Rognon river (France) and the Amblève river (Belgium). For the two sites studied, and while floods were relatively frequent (max 5 return-interval years for the Rognon River and 2 return-interval years for the Amblève River), nearly 80% of the tagged particles positioned just upstream of the weirs were exported downstream of them during the study period. However, the tagged particles in the control reaches, non-influenced by weirs, travelled distances 2 to 2.5 times greater than the particles injected in the impoundment. Mobilisation rates are also significantly higher in the control reaches. Whereas the size of the mobilised particles (D50, D90) is similar between the impoundment and the control reaches in the Amblève river, mobilised particles are significantly smaller in the impoundment reach in the Rognon river. This data indicates that these weirs can have a significant effect by slowing down the bed load velocity, especially its coarsest part. Nevertheless, in the current weir operating, weirs do not interrupt the bedload continuity. This type of structure does not seem to constitute a real obstacle to sedimentary continuity and the question of their dismantling may be raised in view of the potential impacts they could have on the other components of ecological continuity.</p>

Trade Liberalization, Structural Change, and Economic Growth

2021 ◽  
pp. 407-441
Author(s):  
Michael Landesmann ◽  
Neil Foster-McGregor
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Trade Liberalization ◽  
Productivity Growth ◽  
Global Economy ◽  
Adam Smith ◽  
Trade Theory ◽  
New Trade Theory ◽  
The Impact ◽  
The Relationship

Trade and the integration of countries into the global economy is one of the main forces shaping the structural composition of economies, an effect which in turn is expected to impact upon productivity and growth. Structural change can be restrained or reinforced by international trade. This chapter reviews the theory on the relationship between trade and trade liberalization and both structural change and growth, from the contributions of Adam Smith to the more recent new new trade theory beginning with the work of Melitz. The chapter further discusses the existing empirical evidence on the relationship between trade and structural change, before concluding by presenting evidence on the impact of trade liberalization on productivity growth for a broad sample of countries, further decomposing the effect into an effect due to structural change and an effect due to within sector productivity developments.

Preparing a Multi-Asset Class Portfolio for Shocks to Economic Growth

2019 ◽  
Keyword(s):  
Economic Growth ◽  
Asset Allocation ◽  
Global Economy ◽  
Economic Fundamentals ◽  
Funding Sources ◽  
Liability Management ◽  
Asset Class ◽  
Global Economic Growth ◽  
The Impact ◽  
Real Assets

This article explores shocks to global economic growth and how investors can defend against them. The authors examine the impact of such potential shocks on the asset allocation decision, asset-liability management, and funding sources. This article proposes that the global economy could be poised at an inflection point, and if a regime change occurs it would catch many portfolios off guard. Investors have experienced relatively healthy returns for the last decade, with recency bias leading many investors to creep outward on the risk spectrum. The authors remind the reader that, even in portfolios that appear to be diversified, most of the risk typically comes from equities and equity-like securities, which are greatly exposed to global economic growth risk. To address these concerns, they encourage investors to incorporate economic fundamentals and much longer time horizons into the portfolio construction calculus. Specifically, they argue that true diversification across independent sources of return is the only practical way of reducing exposure to economic growth. The asset classes providing returns independent of the equity market are nominal bonds and real assets (the latter including inflation-indexed bonds) and, for some investors, cash (usually implemented using skill-based assets with a cash-like beta). Many assets marketed as alternatives actually provide equity exposure in disguise.

scholarly journals The Contribution of Sustainable Tourism to Economic Growth and Employment in Pakistan

2019 ◽  
Vol 16 (19) ◽  
pp. 3785 ◽  
Author(s):  
Faiza Manzoor ◽  
Longbao Wei ◽  
Muhammad Asif ◽  
Muhammad Zia ul Haq ◽  
Hafiz ur Rehman
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Global Economy ◽  
Tourism Industry ◽  
Policy Implications ◽  
Future Research ◽  
Asian Countries ◽  
Long Run ◽  
Augmented Dickey Fuller ◽  
The Impact

In the global economy, tourism is one of the most noticeable and growing sectors. Thissector plays an important role in boosting a nation’s economy. An increase in tourism flow canbring positive economic outcomes to the nations, especially in gross domestic product (GDP) andemployment opportunities. In South Asian countries, the tourism industry is an engine ofeconomic development and GDP growth. This study investigates the impact of tourism onPakistan’s economic growth and employment. The period under study was from 1990 to 2015. Tocheck whether the variables under study were stationary, augmented Dickey–Fuller andPhillips–Perron unit root tests were applied. A regression technique and Johansen cointegrationapproach were employed for the analysis of data. The key finding of this study shows that there isa positive and significant impact of tourism on Pakistan’s economic growth as well as employmentsector and there is also a long‐run relationship among the variables under study. This studysuggests that legislators should focus on the policies with special emphasis on the promotion oftourism due to its great potential throughout the country. Policy implications of this recent studyand future research suggestions are also mentioned.

scholarly journals Fiat Auto: Industrial Relations Lost in Globalisation

2012 ◽  
Vol 10 (2) ◽  
pp. 672-682 ◽  
Author(s):  
Paolo Caputo ◽  
Antonino Campenni ◽  
Elisabetta Della Corte
Keyword(s):  
Global Economy ◽  
Management Practices ◽  
Industrial Relations ◽  
Work Organization ◽  
The Other ◽  
Car Industry ◽  
Union Activists ◽  
The One ◽  
The Right ◽  
The Impact

In the actual context of globalization, carmakers face a highly competitive market. The pace of technological innovation, the increase in international competition, the saturation of markets and the shortening of product lifespan are but some of the factors requiring a new organization of production. In order to face these radical changes, carmakers are implementing new strategies, not only by embracing the concept of globalization, but also by promoting changes in labour management practices, work organization and industrial relations. The aim of this paper is to analyze the impact of Fiat’s new managerial strategies in response to increased global competition on the situation of the industrial relations, on the role of the Unions and on the condition of workers. These strategies include an intensification of work, shift and wage flexibility, plus a severe limitations of workers’ rights (including the right to strike). On the one hand, such a strategy was presented and justified to the workers and the public as an objective necessity of global economy, and was even submitted to a referendum; on the other, the process was conducted unilaterally, under the recurring threat of transferring production abroad if the workers and their Unions refused to accept the new method. This brought to a split of the Unions and dialogue was maintained only with collaborative organisations, causing the discrimination of the other Unions and a situation of great dissatisfaction amongst all the workers. Through the words of workers and Union activists, the research showed evidence of the failure of claims that new management strategy can ensure both productivity and a new form of workplace democracy in the post-fordist factory. Despite new labour-saving technologies, lean production organisation and the adoption of new metric systems (such as Ergo-UAS), car industry would need, more than in the past, the involvement and active participation of Unions and workers. On the contrary, the paper points out how Fiat’s actual form of production organization generates new tensions and increases employee’s discontent, likely to ignite industrial conflict.

scholarly journals Financial Inclusion and Demand for Money: a Dynamic Panel Data Approach

2018 ◽  
Vol 7 (2) ◽  
pp. 137-148
Author(s):  
Zelin Nurfadia Sidik ◽  
Noer Azam Achsani ◽  
Syamsul Hidayat Pasaribu
Keyword(s):  
Economic Growth ◽  
Financial Institution ◽  
Developed Countries ◽  
Dynamic Panel Data ◽  
Financial Inclusion ◽  
The Other ◽  
Demand For Money ◽  
Dynamic Panel ◽  
On Demand ◽  
The Impact

Financial inclusion is designed to increase the opportunities and society participation in the formal financial institution, especially for unbanked people. Moreover, financial inclusion is one of strategy inclusive economic growth. However, financial inclusion may lead an ineffectiveness of monetary policy. It is because financial inclusion can affect the sensitivity of interest rate, and it could cause instability demand for money. Therefore, the research aims to analyze the impact of financial inclusion on demand for money, reserve money (M0), in 36 countries for the period 2004 to 2014. The method that used is Dynamic Panel Approach. The result shows that financial inclusion stimulates the increase of demand for reserve money (M0) in developed countries. In the other hand, the increasing of financial inclusion could decrease the demand for reserve money (M0) in developing countries.DOI: 10.15408/sjie.v7i2.6838

scholarly journals The impact of logistics sector on sustainable development

2019 ◽  
pp. 75-81
Author(s):  
Deimantė Šulskytė
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Sustainable Development ◽  
Global Economy ◽  
Theoretical Concepts ◽  
Global Competitiveness ◽  
European Union Countries ◽  
Comprehensive Development ◽  
Macroeconomic Indicators ◽  
The Impact

In the context of global economy, logistics activities are necessary for ensuring the global competitiveness of other sectors and comprehensive development of the country. In the recent years, the concept of sustainable development is changing the meaning of economic growth. Taking into account the meaning of logistics and principles of sustainable development, the main aim of the article is to assess the impact of the logistics sector on sustainable development. In order to achieve this aim, theoretical concepts of sustainable development, logistics and its relationship are revealed , as well as key macroeconomic indicators and indices are identified and applied when evaluating the impact of logistics sector on sustainable development. The findings indicate that in the context of European Union countries, logistics sectors related with transport and IT factors significantly influence different indices of sustainable development.

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