scholarly journals Pemilihan Alternatif Investasi Dana Haji dalam Mendorong Pertumbuhan Ekonomi: Pendekatan Analytic Network Process (ANP)

2020 ◽  
Vol 2 (2) ◽  
Author(s):  
Abdul Ghofar ◽  
Achmad Firdaus ◽  
Ronald Rulindo
Keyword(s):  
Economic Growth ◽  
Financial Sector ◽  
Analytic Network Process ◽  
Pairwise Comparisons ◽  
Real Sector ◽  
Alternative Investments ◽  
The Real ◽  
Network Process ◽  
Sector Data

This study aims to analyze the criteria for investing in Hajj funds and alternative investments that provide benefits to Muslims so that they have an impact on economic growth. By using the Analytic Network Process (ANP) approach, alternative investments offered are Infrastructure, Property, Financial Sector, and Real Sector. Data were collected using a questionnaire consisting of pairwise comparisons between groups and their assessment indicators. A total of 7 (seven) expert speakers (experts) who became respondents successfully collected and processed using the ANP method. The results showed that investment in infrastructure and the real sector provides benefits to Muslims economically, so as to improve the welfare of Muslims which in turn can encourage economic growth. 

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

scholarly journals Financial system and growth and economic development

VUZF Review ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 160-170
Author(s):  
Małgorzata Hala
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Financial Institutions ◽  
Financial System ◽  
Financial Sector ◽  
Real Sector ◽  
The Real ◽  
State And Local ◽  
The Impact

The aim of the article is to present the role of the financial system in economic growth and development. The first part presents the traditional understanding of the relationship between the economic system and economic growth. The second part presents the experience of financial crises and their impact on the conversation on the mutual relations between the financial sector and the real sector. The third part shows the role of the state in the financial system. The article describes the arrangement of interrelated financial institutions, financial markets and elements of the financial system infrastructure.  It shows what part of the economic system the financial system is, and whether it enables the provision of services allowing the circulation of purchasing power throughout the economy. The article presents the important role of the financial system, the role related to the transfer of capital from entities with savings to entities that need capital for investments. It shows the financial system as a set of logically related organizational forms, legal acts, financial institutions and other elements enabling entities to establish financial relations in the real sector and the financial sector, and this system forms the basis of activity for entities using money, enabling the conclusion of various economic transactions, in which money performs various functions. The article also presents the concept of a financial crisis as a situation in which there are rapid changes in the financial market, usually associated with insufficient liquidity or insolvency of banks or financial institutions, and as a result, a decrease in production or its deepening. The article also includes issues related to the impact of public authorities (state and local authorities) on the financial system in the economy.

scholarly journals Report on an Analytic Network Process (ANP) Model to Estimate the Benefits, Opportunities, Costs, and Risks (BOCR) that Gun Policies and Violence Prevention Interventions have on Legal Users of Firearms

2021 ◽  
Vol 13 (2) ◽  
Author(s):  
Luis G Vargas ◽  
Amos N. Guiora ◽  
Marcel C. Minutolo
Keyword(s):  
Violence Prevention ◽  
Analytic Network Process ◽  
Federal Agencies ◽  
Pairwise Comparisons ◽  
Analytic Hierarchy ◽  
Prevention Interventions ◽  
Network Process ◽  
Zero Sum ◽  
The Impact ◽  
Hierarchy Process

Balancing public good with individual rights is a difficult task; gun policies attempt to do just this. To ensure public safety, local, state, and federal agencies piece together policies that each entity believes will meet the needs of public welfare. When legislating new gun policies, the impact the policies have on gun owners are perceived as a zero-sum game; some groups are perceived to gain while others think they are losing, but the reality is much more nuanced.    The reason the impact of these policies on all lawful gun owners has been considered a zero-sum game is largely because to date there has been no research measuring the impact. Further, there have been no attempts to quantify the impact that the policies have on lawful gun owners. The sole argument that has been made is about constitutionality.   In this paper, we develop an approach based on the Analytic Hierarchy Process (AHP). The approach allows us to develop criteria for evaluating the impact of these policies on lawful gun owners and generate priorities for the criteria from pairwise comparisons. Criteria are compared in pairs, thus the term pairwise comparisons.  This allows us to score, as with a scorecard model, gun policies for various types of gun owners with respect to the criteria according to the Benefits, Opportunities, Costs, and Risks, thereby determining the impact of each policy.

scholarly journals Improving the Resilience of Banking System in Small Open Economy: Is Macroprudential Policy Efficient?

2021 ◽  
Vol 92 ◽  
pp. 07050
Author(s):  
Petra Popek Biskupec ◽  
Suzana Herman
Keyword(s):  
Granger Causality ◽  
Financial Stability ◽  
Granger Causality Test ◽  
Financial Sector ◽  
Bank Credit ◽  
Real Sector ◽  
Causality Test ◽  
The Real ◽  
Bounds Test ◽  
The Impact

Research background: Although macroprudential instruments increase financial stability, it is necessary to test how they affect the overall economic recovery after a global financial crisis. In the post-crisis period, the real sector needed a strong injection of capital in order to be able to start recovery and to encourage economic growth. At the same time, most of the countries introduced strict regulatory measures that strengthen bank capital and the liquidity base. From the standpoint of the financial sector stability, these measures contributed to the overall financial stability, but at the same time, these measures hold up the bank credit activity. Purpose of the article: This paper analyses the impact of macroprudential instruments on the bank credit activity toward the non-financial sector. The analysis is made by using the Granger Causality Test and the ARLDS Bounds Test. Methods: The research was conducted for the period of 2000 – 2019, based on the data of the Croatian National Bank and the Croatian Bureau of Statistics using logarithmic quarterly data. The analysis is made by using the Granger Causality Test and the ARLDS Bounds Test. Findings & Value added: The results confirm the thesis that additional macroprudential measures decrease the bank credit activity toward the real sector, which slows down the real sector recovery and extends the downturn in the business cycle. On the other hand, the macroprudential measures increase the financial stability of the whole economy, which is positive for future investments and recovery of the real sector.

scholarly journals Islamic Monetary Instruments Contribution to Economic Growth: Literature Study

2021 ◽  
Vol 22 (2) ◽  
pp. 42-51
Author(s):  
Juliana Nasution ◽  
Andri Soemitra ◽  
Rifki Ismal ◽  
Amin Al Jawi ◽  
M.Indra Mulia Nasution ◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Justice ◽  
Qualitative Approach ◽  
Islamic Banking ◽  
Real Sector ◽  
Literature Study ◽  
Equitable Distribution ◽  
Business World ◽  
The Real ◽  
Distribution Of Income

In Islamic economics, the monetary sector and the real sector must be able to go side by side. Even the monetary sector must follow developments for the real sector. The goal of Islamic economics is the creation of economic justice through equitable distribution of income, one of which is seen from the growth of the real sector, which is a representation of the level of productivity and welfare of the community. This is directly related to the business world. Therefore, when the level of community productivity increases, it will aggregately affect economic growth. On the other hand, one of the monetary instruments in Islamic economics is Islamic banking. This means that the increasing performance of Islamic banking must be in line with the increase of the real sector. The purpose of this study is to analyze the contribution of increasing Islamic banking performance to economic growth through a literature study related to a qualitative approach, where the collected literature is analyzed by content analysis and the data is triangulated to make a conclusion. The findings of this study indicate that Islamic monetary instruments in the Islamic banking case contribute to economic growth through an increase from the real sector

scholarly journals Peranan Al-Mudharabah Sebagai Salah Satu Produk Perbankan Syariah Dalam Upaya Mengentaskan Kemiskinan Di Indonesia

2012 ◽  
Vol 8 (2) ◽  
Author(s):  
Dwi Agung Nugroho Arianto
Keyword(s):  
Economic Growth ◽  
Basic Principle ◽  
Small And Medium Enterprises ◽  
Profit Sharing ◽  
Islamic Banking ◽  
Real Sector ◽  
Islamic Banks ◽  
Small Community ◽  
The Real ◽  
Medium Enterprises

One of the fight against poverty can be done by expanding access to Micro, Small and Medium Enterprises (UMKM) in obtaining such capital facilities through Islamic banking. Based on the basic principle of its products, Islamic banks have the financing to the principle of profit sharing, which developed the product mudharabah. This financing is productive because the capital invested for the supply of labor so as to empower the economy through small community of Micro, Small and Medium Enterprises (UMKM). By developing micro, small and medium enterprises it will help create jobs and economic growth in the real sector, thus keeping down unemployment and poverty in Indonesia.

scholarly journals ROLE OF THE FINANCIAL SECTOR IN FINANCING THE ENTERPRISES OF THE REAL SECTOR OF THE ECONOMY

2018 ◽  
pp. 78-84
Author(s):  
Dmytro Malysh
Keyword(s):  
Stock Market ◽  
Interest Rates ◽  
Banking Sector ◽  
Financial Sector ◽  
Bank Loans ◽  
Positive Trend ◽  
Real Sector ◽  
Real Economy ◽  
The Real

Introduction. Financial sector plays an important role in the financing of business entities in the real economy sector. A possibility of rising funds through the stock or banking sector enables substantially to expand the scope of enterprises. However, the presence of permanent financial crises does not allow companies to use these opportunities in full. Therefore, the assessment of state and trends of the stock and banking sectors in the context of the use of their funds to finance companies in the real sector of the economy becomes important. Purpose. The article aims to identify contemporary issues of development of the stock and banking sectors in the context of their ability to finance companies in the real economy. Method. In order to achieve the goal of the research we have used the following methods: method of structural and dynamic analysis and method of economic and statistical analysis of the development of the stock and banking sectors of Ukraine. Results. It has been determined that the deterioration of the stock market in Ukraine led to its exclusion from the list of marginal markets. The largest segment of the Ukrainian stock and banking sector services the issuers, which are owned by the state. At the same time, the financial sector has features of bank-centeredness since banks play a leading role in financing of companies and in transactions of the stock market. Ukrainian stock market mainly carries out operations with government bonds and only a small part of operations provides financing for the activities of companies through the issue of stocks and bonds. The share of long-term sources of funding is gradually decreasing and it is critically low for economic growth of the country. The tempos of providing long-term and short-term bank loans for the company are slowing down. A positive trend is the reduction of interest rates on loans. There is a need to develop effective measures for using opportunities of the stock and banking sectors as well for financing companies in the real sector of the economy.

scholarly journals A new framework for warehouse assessment using a Genetic-Algorithm driven analytic network process

PLoS ONE ◽  
2021 ◽  
Vol 16 (9) ◽  
pp. e0256999
Author(s):  
Wafa’ H. AlAlaween ◽  
Abdallah H. AlAlawin ◽  
Mahdi Mahfouf ◽  
Omar H. Abdallah ◽  
‎Mohammad A. Shbool ◽  
...  
Keyword(s):  
Genetic Algorithm ◽  
Analytic Network Process ◽  
Pairwise Comparisons ◽  
Competitive Advantages ◽  
Relative Importance ◽  
Network Process ◽  
New Framework

A novel way of integrating the genetic algorithm (GA) and the analytic network process (ANP) is presented in this paper in order to develop a new warehouse assessment scheme, which is developed through various stages. First, we define the main criteria that influence a warehouse performance. The proposed algorithm that integrates the GA with the ANP is then utilized to determine the relative importance values of the defined criteria and sub-criteria by considering the interrelationships among them, and assign strength values for such interrelationships. Such an algorithm is also employed to linguistically present the relative importance and the strength of the interrelationships in a way that can circumvent the use of pairwise comparisons. Finally, the audit checklist that consists of questions related to the criteria is integrated with the proposed algorithm for the development of the warehouse assessment scheme. Validated on 45 warehouses, the proposed scheme has been shown to be able to identify the warehouse competitive advantages and the areas where more improvements can be achieved.

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