scholarly journals Macroeconomic assessment of the environmental quality of economic growth at the regional level

2022 ◽  
Vol 2021 (4) ◽  
pp. 568-578
Author(s):  
Andrey Panov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Environmental Factors ◽  
Environmental Assessment ◽  
Negative Impact ◽  
Strategic Environmental Assessment ◽  
Carbon Intensity ◽  
Extended Model ◽  
Decoupling Effect

The research featured a macroeconomic assessment of the quality of economic growth. The analysis was based on various environmental factors, obtained in the process of strategic environmental assessment of the developmental priorities of the Kemerovo region in 2002–2020. The research objective was to determine the effect of environmental factors on eco-intensity and economic growth in this resource-based region in the context of global and national environmental challenges. The paper presents an overview of the methods of ecological and economic analysis suitable for strategic environmental assessment. The study featured mathematical methods of calculating the economic eco-intensity and the decoupling effect, as well as the model of economic growth developed by P. Victor. The decoupling effect was rather weak for the main types of negative impact, i.e. pollution, waste generation, disturbed lands, etc. The only green decoupling effect was revealed by the volume of contaminated wastewater. P. Victor's extended model showed the predominance of "brown" economic growth, while the increase in the carbon intensity of the gross domestic product for methane coincided with the significant decrease in the economic development of the region. The article also introduces a forecast of the economic development of the Kemerovo region, based on global and national trends of decarbonization. Transition to the use of the best available technologies should reduce the level of eco-intensity and increase the rate of decarbonization, both in the main industries and in methane processing.

scholarly journals The Relationship Between “Protect People's Livelihood” and “Promote the Economy:” Provincial Evidence From China

2021 ◽  
Vol 9 ◽  
Author(s):  
Baicheng Zhou ◽  
Shu Wang ◽  
Zhi Qiao
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Healthcare Expenditure ◽  
Negative Impact ◽  
Health Protection ◽  
Significant Heterogeneity ◽  
Negative Effects ◽  
Short Term ◽  
Development Levels

This study focused on medical care in a single country (China) and in regions with different economic backgrounds and different economic development levels to determine the effect of healthcare expenditure on short- and long-term economic growth. The study supported some interesting conclusions: (1) For most areas of China, increasing healthcare expenditure has a negative impact on economic growth in the short term but promotes growth in the long run; (2) Under different levels of economic development within China, there is significant heterogeneity in the interaction between healthcare expenditure and economic growth; (3) The negative effects of healthcare expenditure on short-term economic growth are greater during periods of economic turbulence than during times of stability; and (4) Healthcare expenditure has a negative effect on underdeveloped areas through the accumulation of material capital, while in economically developed areas, this channel has the opposite effect. To improve the quality of medical and health protection and the quality of life and welfare, China needs to consider the development characteristics of different economic zones and establish a multilevel, systematic and diversified medical and health protection system.

The Quality of Kazakhstan’s Economic Policy and Balance of Payments

2008 ◽  
pp. 120-132
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Balance Of Payments ◽  
Foreign Investors ◽  
Negative Balance ◽  
Macroeconomic Efficiency

Kazakhstan’s economic policy in 1996-2007, its character and the degree of responsibility, the correlation between economic development and balance of current accounts are considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that in conditions of high rates of economic growth in Kazahkstan in 2000-2007 the net profits of foreign investors are 10-11% of GDP every year. The tendency of negative balance of current accounts in favor of foreign investors is also analyzed.

Local Investments Site Selection and the Behavior of the Real Estate Market – Case Study in Poland

2017 ◽  
Author(s):  
Monika Siejka
Keyword(s):  
Economic Development ◽  
Real Estate ◽  
Negative Impact ◽  
Real Estate Market ◽  
The European Union ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Real Estate Management

One of the main tasks of real estate management in the area of the municipality is making decisions concerning the location of investments on a local scale. These decisions should be taken with the principle of sustainable development. For such an action obliges Poland's membership in the European Union. Poland as a member of the EU is obliged to implement the rules in force in the Member States. Bearing in mind that any investment impact directly or indirectly on the economic development of the municipality, is therefore a significant impact on the local real estate market. Investments that have a negative impact on the environment can contribute to a reduction in the activity of the local real estate market. While performing tasks related to the economic development of the region and the increase in quality of life, increases the activity of the local real estate market. The work was carried out research on the dynamics of changes in the local real estate market in the area of the municipality Skrzyszow in the Malopolska province in Poland, in connection with the construction of the reservoir.

Impact of Foreign Capital on Economic Development in India: An Econometric Investigation

2017 ◽  
Vol 18 (3) ◽  
pp. 766-780 ◽  
Author(s):  
Kalpana Sahoo ◽  
Narayan Sethi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Capital ◽  
Negative Impact ◽  
Positive Impact ◽  
Private Investment ◽  
Series Data ◽  
Domestic Investment ◽  
Long Run ◽  
Foreign Private Investment

The present study empirically investigates the long-run causal relationship between foreign capital and economic development in India by using the annual time-series data from 1990–1991 to 2013–2014. The study uses some selected macroeconomic variables such as per capita government expenditure on education (PcGEE, as an indicator of economic development), gross domestic product (GDP, as an indicator of economic growth), gross capital formation (GCF, as an indicator of domestic investment), official development assistance (ODA, as an indicator of foreign official inflows) and foreign direct investment (FDI, as an indicator of foreign private investment) for its empirical analysis. By using the cointegration test and the vector vector-error correction model (VECM) technique, this study finds that in the long run, domestic investment has shown a significant and positive impact on economic development, whereas, ODA, FDI and GDP have shown a significant negative impact on it. It concludes that domestic investment, foreign capital along with economic growth have a significant impact on economic development in India in long run. It suggests that the national developmental policy of India should focus on the productive utilization of both domestic and foreign capital along with it should give emphasis on effective transformation of growth benefits towards development process.

scholarly journals The Green Economy Perspective of Batu City: Calculating Depletion in the Tourism Sector

2021 ◽  
Author(s):  
Muhammad Hasyim Ibnu Abbas ◽  
Hadi Sumarsono ◽  
Farida Rahmawati ◽  
Inayati Nuraini Dwiputri
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Natural Resources ◽  
Resource Depletion ◽  
Green Economy ◽  
Short Term ◽  
Tourism Sector ◽  
Conservation Of Natural Resources

The concept of sustainable development has begun to be developed, namely in line with current needs and without endangering future generations. In addition to focusing on environmental issues, this concept covers economic development, environmental protection and social development. However, this concept still tends to focus on short- term economic development. With the limitation of the State Revenue and Expenditure Budget (APBN) and the resources we have, it is not surprising that policymakers prefer shortcuts. As a result, the quality of economic growth has deteriorated. One of the efforts to harmonize the needs of economic growth and conservation of natural resources is the concept of a Green Economy. This article discusses how to calculate economic development as seen from the amount of Gross Domestic Product (GDP) from a Green Economy perspective. Batu City, as a tourism city that relies on natural conditions and its environment, needs to analyze its economic development from a Green Economy perspective in order to be sustainable. This article aimed to analyze the depletion of natural resources of the sub-sector “Provision of Accommodation and Food – Beverage” which supports tourism in Batu City. The results showed that in 2015-2019, natural resource depletion increased every year. Keywords: Sustainable Development, Green Economy, Depletion, Natural Resources

scholarly journals FINANCIAL MANAGEMENT IN ECONOMIC GROWTH OF TRANSITION COUNTRIES IN KOSOVO WILL BE SPECIAL

2018 ◽  
Vol 28 (1) ◽  
pp. 165-169
Author(s):  
Baki Koleci
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Management ◽  
Banking Industry ◽  
Negative Impact ◽  
Banking System ◽  
Transition Countries ◽  
Investment Funds ◽  
Ongoing Research ◽  
Explanatory Variables

The link between financial management and economic growth is a matter that is constantly being studied and discussed by various authors. The banking industry is an important source of economic development in the country, both in the private and public sectors. The lack of data for a multi-annual period remains a continuing problem for Kosovo's economy. Through multiannual data researchers and scholars will be able to draw the most accurate conclusions for transition countries.Through this study, we will show the empirical link between financial management, the banking system, economic growth in transition countries, and especially data from Kosovo. We will domenstrate throw the Regression Model (OLS) and three explanatory variables: Inflation, Credit to Household Economics and Credit Enterprise, we will reach the hypothesis conclusion.The results of regression show a positive and negative correlation between financial management, credit, and economic growth. From the results obtained, lies the hypothesis: where credit to households has a negative impact on economic growth. But the hypothesis is based: where the credit of the enterprise has a positive economic growth, while the offspring turns negative with economic growth.The purpose of this work is to fill this poor gap. New and ongoing research makes data completion, delivering the most accurate results and scope for improving financial policies.Various banking functions point to their importance for an effective and stable banking system as indispensable for the country's economy. Therefore, bank supervisors have an increased responsibility for monitoring and maintaining the healthy operation of a banking industry in a country. Moreover, individual entrepreneurs or investors usually lack sufficient capital to continue with their projects. Commercial banks provide mediation services that unite savers and investors by channeling theoretically investment funds for uses that bring the highest rate of return, increasing the specialization and division of labor (Todaro, 2003). The neoclassical growth model tells us that an increase in effective savings investments in new and innovative projects is one of the main economic growth generators (quoted in Armenta). The provision of credit is of utmost importance because mobilized assets can be rationally utilized, using them in the sphere of production, speeding up the reproduction process, turnover and other sectors, which are accounted for as sectors that accelerate economic development. Loans are very important and one of the main factors in stimulating economic development in the region, so the focus in the first part of this paper will be analysis of the role of loans and their impact on economic growth (credit growth in GDP) , where the main interest in this paper will be Kosovo.

scholarly journals How the Legal Environment Affects the Structure of Employment

2015 ◽  
Vol 63 (6) ◽  
pp. 2005-2009 ◽  
Author(s):  
Marek Litzman ◽  
Luděk Kouba
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
World Bank ◽  
Institutional Environment ◽  
Legal Environment ◽  
Transparency International ◽  
Doing Business ◽  
The World Bank ◽  
Corruption Perception

The quality of the institutional environment is considered a crucial determinant of economic growth. Low quality of the formal institutional environment can slow down economic development via various mechanisms described in the literature. The present paper will analyse formal institutional factors leading to the structure of employment that Murphy, Shleifer and Vishny (The Quarterly Journal of Economics, 1991) found to be associated with lower rate of economic growth. They assumed that a high proportion of lawyers in the country may be associated with slower economic development. Thus, the aim of the paper is to examine some of the parameters of institutional environment that can lead to such a distribution. Results show that quality of law measured by the World Bank (Doing Business database) and the Corruption Perception Index obtained from Transparency International may have some explanatory abilities regarding the structure of employment.

scholarly journals The Efficiency in Welfare Expenditure and Economic Growth

2011 ◽  
Vol 26 (3) ◽  
pp. 129-146
Author(s):  
Park Kyoung Don
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Panel Data ◽  
Environmental Factors ◽  
Social Welfare ◽  
Relative Efficiency ◽  
Optimal Growth ◽  
Welfare Regime ◽  
Welfare Spending ◽  
Welfare Expenditure

This paper analyzes the various arguments that support or oppose expansion in social welfare spending. A critical concern is the fear that as welfare expenditure increases, at some point, economic development will decrease. However, increased welfare investment is essential for achieving a welfare state to ensure the optimal growth of the economy and social welfare. OECD (Organisation for Economic Co-operation and Development) countries with a particular welfare regime that efficiently invests welfare spending are regarded as a reference for Korea. In consideration of the environmental factors in each nation, the relative efficiency Level of welfare spending is calculated with panel data. It is evident that Korea`s investment in social welfare from 2003 to 2007 was inefficient. One way to achieve an appropriate balance between social welfare and economic growth is to lessen the inefficiency of welfare investment.

scholarly journals Conditional Efficiency of Official Development Assistance (ODA) on Economic Growth in Sub-Saharan Africa

2020 ◽  
Vol 16 (1) ◽  
pp. 1
Author(s):  
Ladifatou GACHILI NDI GBAMBIE ◽  
Ousseni MONGBET
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Negative Impact ◽  
Social Situation ◽  
Sub Saharan Africa ◽  
Method Of Moment ◽  
Sub Saharan ◽  
The Impact ◽  
Ssa Countries

<p>Sub-Saharan Africa (SSA) countries have benefited for more than fifty years from international aid in the form of loans and/or donations. Nevertheless, they seem not to benefit from these massive financial resources (ODA) they receive because their economic and social situation is not very good. This study aims to assess the impact of ODA on economic growth in SSA and to see if its effect on growth is conditioned by the quality of the economic policy. The estimates are conducted on a dynamic panel of twenty-three SSA countries running from 1985 to 2014. With macroeconomic data from the World Bank's CD-ROM (World Development Indicators, 2015), the Generalized Method of Moment (GMM) system from Blundel and Bond (1998) was used. The results show that the impact of ODA on growth is not significant. Subsequently, when squared aid (ODA2) is included in the estimate, ODA becomes significant, meaning that a substantial amount of assistance is required to be effective in raising the economic growth rate of the SSA countries. In addition, the effectiveness of ODA is conditioned by the quality of the economic policy. This seems to be bad in SSA, hence the negative impact of the aid on economic growth.</p>

Sign in / Sign up

Export Citation Format

Share Document