scholarly journals Assessment of Yemen’s macroeconomy performance during 2001-2015 using Kaldor’s magic square

2021 ◽  
Vol 8 (6) ◽  
pp. 118-127
Author(s):  
Mehmet Hilmi Özkaya ◽  
◽  
Maeen Alhuwesh ◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Current Account ◽  
Economic Performance ◽  
Economic Welfare ◽  
Economic Variables ◽  
Magic Square ◽  
Welfare Indicator ◽  
Better Than

Assessing a certain country’s macro-economy performance faces innumerable challenges, of which the most important ones are running counter to the objectives of economic policy. Added to these challenges is the absence of a consensus among economists regarding the identification of variables, which can be taken for granted while assessing a country’s macro-economy performance? The present study aims at assessing Yemen’s macro-economy performance during the period 2001-2015 using the four economic variables (economic growth, unemployment, inflation, and current account) that constitute Kaldor’s Magic Square chart of 1971. To avoid challenges connected with variables’ measurement, the economic welfare indicator has been used. The findings show a drastic deterioration in the level of economic welfare during the period mentioned above, with an impressive decrease in the value of economic welfare from 0.36 in 2001 to zero in 2015 as the magic square scale showed. Assessing the economic performance during the period showed that the economic performance in 2001 was better than that of 2015, with a departure of Yemen’s economic performance from the performance of the wonderland economy. Hence, Yemen’s economy can be described as an ill-performance economy, basically due to the high averages of unemployment and inflation.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI KINERJA TRANSAKSI BERJALAN INDONESIA

2015 ◽  
Vol 14 (4) ◽  
pp. 35
Author(s):  
Rudi Handoko
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Exchange Rate ◽  
Financial Crisis ◽  
Current Account ◽  
Factors Affecting ◽  
Exchange Rate Management ◽  
Trading Partners ◽  
Global Economic Growth ◽  
The Relationship

This paper attempt to describe factors affecting the performance of current account in Indonesia. Current account performance is showed by surplus or deficit position. Analysis of the factors is conducted based on periodization of current account performance. Other analysis was carried out by using scatter graph to show the relationship between two variables in question. The results show that some factors affecting current account performance are global economic growth, Indonesian major trading partners growth, domestic economic growth, international commodities prices, exchange rate management, economic policy, and financial crisis.

Performance in a Hostile World: Economic Growth in Capitalist Democracies, 1974–1982

1986 ◽  
Vol 38 (4) ◽  
pp. 517-545 ◽  
Author(s):  
Geoffrey Garrett ◽  
Peter Lange
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
International Economy ◽  
Labor Movements ◽  
Industrial Democracies ◽  
Political Economies ◽  
World Economic ◽  
Potential Impact ◽  
Capitalist Democracies ◽  
Better Than

Many recent studies argue that labor organization and government partisanship were important determinants of the economic performance of the advanced industrial democracies during stagflation. They do not, however, take into account the potential impact on performance of position in the international economy; the relationships reported may therefore be largely spurious. Even when the strong effects of international position, most notably the extent of dependence on imported sources of oil, were controlled for, domestic political structures remained powerful determinants of economic performance during stagflation. “Corporatist” political economies dominated by leftist governments in which labor movements were densely and centrally organized, and “market” political economies in which labor was much weaker and rightist governments were predominant, performed significantly better than the less coherent cases in which the power of labor was distributed asymmetrically between politics and the market.

India's Unfinished Journey Transforming Growth into Development

2006 ◽  
Vol 40 (3) ◽  
pp. 797-832 ◽  
Author(s):  
DEEPAK NAYYAR
Keyword(s):  
Economic Growth ◽  
Twentieth Century ◽  
Economic Performance ◽  
Historical Perspective ◽  
Turning Point ◽  
Well Being ◽  
Economic Liberalization ◽  
The Real ◽  
The Past ◽  
Better Than

This paper situates the economic performance of independent India in historical perspective to evaluate the past and reflect on the future. It shows that the turning point in economic growth was circa 1951 in the long twentieth century and circa 1980 in India since independence. Thus, it is not possible to attribute the turnaround in India's performance to economic liberalization beginning 1991. During the period 1950–1980, economic growth in India was respectable, for it was a radical departure from the past and no worse than the performance of most countries. During the period 1980–2005, economic growth in India was impressive, indeed much better than in most countries. The real failure in both these periods was India's inability to transform this growth into well-being for all its people. And India's unfinished journey in development cannot be complete as long as poverty, deprivation and exclusion persist. Even so, with correctives, it should be possible to reach the destination.

scholarly journals Ekonomi dalam Perspektif Islam

2014 ◽  
Vol 3 (1) ◽  
pp. 26
Author(s):  
Moch. Khoirul Anwar
Keyword(s):  
Economic Policy ◽  
Natural Resources ◽  
Economic System ◽  
Economic Performance ◽  
Economic Welfare ◽  
Divine Command ◽  
The World ◽  
Providence Of God

Economic misbehavior would certainly impact on the economic performance of a society. As a religion, Islam realizes this and knows that economic misconduct must be diagnosed. Islam encourages that in order for the economic sustenance to be materialized human and natural resources must be explored to the maximum. Economic sustenance is the goal for any country. And Islam supports a policy toward that sustenance. The fact that Islam loves a strong society means that this religion supports a sound economic policy that would work toward the realization of a well-off society. The Qur’ân states that one must explore the world and seek the providence of God. To “explore the world” is a divine command. The logic behind this command is that, first, one must work to earn fortune so that his worldly needs can be met, and second, he must develop a system so that he may earn the fortune both in legitimate and progressive way. In Islam, working is a form of worship. It is therefore rewarding. But Islam also encourages that we develop a comprehensive, holistic, realistic, just, responsible, and balanced economic system so that our economic sustenance may be realized. Islam believes that the goal of any economic sustenance is the materialization of social and economic welfare. All members of society irrespective of their race, religion and color must benefit from that sustenance.

scholarly journals Is ethnic and cultural-religious heterogeneity a barrier to economic development

2010 ◽  
Vol 62 (2) ◽  
pp. 329-347
Author(s):  
Goran Nikolic
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Economic Performance ◽  
Negative Impact ◽  
Significant Degree ◽  
Institutional Arrangements ◽  
Democratic Institutions ◽  
Positive Economic ◽  
Negative Factor

The author analyzes the influence of heterogeneity of religious-ethnic structure on economic growth. Most studies show that extraordinary national-religious diversification has a negative impact on economic performance of countries. However, the institutional arrangements that involve a significant degree of decentralization may be a factor of relaxation of ethnic and religious, i.e. political animosity. Positive economic experiences of some institutional and ethnically complex countries show that the single economic policy is possible and that strong the national heterogeneity is not necessarily a negative factor for economic development if there are viable democratic institutions.

British Economic Policy, 1960-74: A General Appraisal

1977 ◽  
Vol 80 ◽  
pp. 38-57 ◽  
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Policy ◽  
Foreign Trade ◽  
World Trade ◽  
Economic Success ◽  
Industrial Countries ◽  
British Economy ◽  
Consumer Prices ◽  
Better Than

It is generally accepted that the performance of the British economy in the last fifteen years has been relatively poor, as measured by the criteria normally used for assessing economic success or failure. This proposition has been widely documented, and it is not the purpose of this article to review the evidence at length. The attempts to accelerate the British growth rate failed. The objective in the early sixties was the modest one of getting the figure up from about 3 per cent a year to about 4 per cent a year. In the event, the rise in real national product from 1960 to 1973 stayed at 2.9 per cent a year. Britain's share in world trade in manufactured goods fell in every year from 1960 to 1973, with only one exception (1971). At the beginning of the period, Britain's share in this trade stood at 162 per cent; by 1973, the figure was down to 9 1/2 per cent. These failures in economic growth and in foreign trade do not appear to have had much compensation elsewhere. Consumer prices rose, if anything, rather faster than the average for other industrial countries; and Britain's record on unemployment was no better than average.

Actual Problems of Economic Policy

2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Foreign Exchange ◽  
World Economy ◽  
Domestic Economy ◽  
The World ◽  
Exchange Policy ◽  
Effective Integration

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.

Between Modernization and Stagnation: Economic Policy in 2012

2013 ◽  
pp. 4-23 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Russian Economic Development ◽  
Structural Transformation ◽  
Economic Performance ◽  
Historical Analysis ◽  
Oil Boom ◽  
The World

The paper deals with the trends in the world and Russian economies towards development of a new post-crisis system, including technological and structural transformation. Three main scenarios of Russian economic development (conservative, innovation and acceleration) are discussed basing on historical analysis of Russian economic performance since 1970-s when oil boom started. On this basis key challenges of economic policy in 2013 are discussed.

Forming Sources of Long-run Growth: How to Understand Them?

2014 ◽  
pp. 4-20 ◽  
Author(s):  
G. Idrisov ◽  
S. Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Policy ◽  
Business Cycle ◽  
Capital Markets ◽  
Productivity Growth ◽  
Government Spending ◽  
Long Run ◽  
Accelerate Growth ◽  
Budget Institutions

The paper analyzes the inconsequence and problems of Russian economic policy to accelerate economic growth. The authors consider three components of growth rate (potential, Russian business cycle and world business cycle components) and conclude that in order to pursue an effective economic policy to accelerate growth, it has to be addressed to the potential (long-run) growth component. The main ingredients of this policy are government spending restructuring and budget institutions reform, labor and capital markets reforms, productivity growth.

Waiting for a New Model of Growth: Russia’s Social and Economic Development in 2013

2014 ◽  
pp. 4-32 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Economic Performance ◽  
Growth Rates ◽  
Global Crisis ◽  
New Model ◽  
Social And Economic Development ◽  
Economic Risks

The paper deals with Russian social and economic development in 2013 and prospects for the next year or two. The author discusses the logic and trends of the global crisis started in 2008. This is the basis for further analysis of current Russian economic performance with special emphasis on the problem of growth rates deceleration. Special attention is paid to economic risks and priorities of economic policy.

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