scholarly journals Young Adults Failure to Thrive Syndrome

2013 ◽  
Vol 48 ◽  
pp. 169-187 ◽  
Author(s):  
Warren C. Sanderson ◽  
Vegard Skirbekk ◽  
Marcin Stonawski
Keyword(s):  
Young Adults ◽  
Career Paths ◽  
Failure To Thrive ◽  
Developed Countries ◽  
Economic Conditions ◽  
Policy Makers ◽  
Economic Basis ◽  
Long Run ◽  
Working Age ◽  
The Relationship

Many young working age adults in developed countries are failing to thrive in economic, demographic and social terms. Their failure to thrive is a relatively new phenomenon that has not been widely recognized, but it affects young adults in virtually all the more developed countries for which we have relevant data. Young adults nowadays are more often in poverty. They are leaving their parental homes at ever later ages and in some countries the frequency of psychological problems increased. The seriousness of failure to thrive syndrome is reflected in the relationship between relative economic conditions and increased suicide rates. The syndrome is important because young adults are at the prime ages for finding employment, establishing long-run career paths and building an economic basis for founding a family. Developing strategies to arrest the spread of failure to thrive syndrome among young adults, in order to keep them vibrant contributors to our societies, should be a priority for policy makers.

scholarly journals The importance of knowledge for wellbeing of society in the contemporary world

2017 ◽  
Vol 28 (4) ◽  
pp. 1136-1159
Author(s):  
Dusan Markovic ◽  
Mrdjan Mladjan
Keyword(s):  
Developed Countries ◽  
Contemporary World ◽  
Types Of Knowledge ◽  
National Competitiveness ◽  
Long Run ◽  
New Knowledge ◽  
Physical Resources ◽  
Potential Problems ◽  
Different Types ◽  
The Relationship

Following the recent wave of globalization, the possession of different types of knowledge became even more important for economic development than the possession of physical resources. The ability of a society to adopt existing and create new knowledge thus gained fundamental importance for its wellbeing. In this paper, we identify important aspects of the relationship between education, creation of knowledge, economic growth, as well as both material and immate?rial wellbeing of a society. We describe potential problems that prevent societies from maximizing the benefit from the effort its members invest in acquiring knowledge. The problems of failure of the national markets for education as well as the global migrations which lead to drain of knowledge towards economically highly developed countries are especially analyzed. In the long run, they lead to a decline in both national competitiveness and different aspects of the immate?rial wellbeing. As the basis for solving these problems we propose a combination of economic theory and the concept of solidarity between more and less devel?oped countries, individuals and societies of their origin, respecting the free will of individuals.

scholarly journals The Relationship Between Government Expenditures on Education and Economic Growth: The Case of Azerbaijan

2020 ◽  
Vol 11 (1) ◽  
pp. 195
Author(s):  
Shahriyar Mukhtarov ◽  
Ilkin Mammadov ◽  
Sugra Humbatova
Keyword(s):  
Economic Growth ◽  
Total Population ◽  
Capital Formation ◽  
Government Expenditures ◽  
Educational Investment ◽  
Concerted Effort ◽  
Policy Makers ◽  
Long Run ◽  
The Impact ◽  
The Relationship

This paper investigates the impact of government’s education expenditures, gross capital formation and total population on economic growth in Azerbaijan during 1995-2018 using the different cointegration methods, namely, ARDLBT, DOLS, and CCR. The results from cointegration methods approve presence of long-run relationship among the variables. The estimation results show that government’s expenditures on education, gross capital formation and total population have a positive and statistically significant impact on economic growth in the long-run. The paper concludes that a concerted effort should be made by policy makers to increase educational investment in order to escelate economic growth.

The Economic Future in Historical Perspective

2006 ◽  
Keyword(s):  
Economic Security ◽  
Economic Conditions ◽  
Major Theme ◽  
Old Age Support ◽  
Policy Makers ◽  
Policy Responses ◽  
Long Run ◽  
Modern Economic ◽  
Past Experiences ◽  
Economic Future

This book shows how analysis of past experiences contributes to a better understanding of present-day economic conditions; chapters offer important insights into major challenges that will occupy the attention of policy makers in the coming decades. The seventeen chapters are organised around three major themes, the first of which is the changing constellation of forces sustaining long-run economic growth in market economies. The second major theme concerns the contemporary challenges posed by transitions in economic and political regimes, and by ideologies that represent legacies from past economic conditions that still affect policy responses to new ‘crises’. The third theme is modern economic growth's diverse implications for human economic welfare — in terms of economic security, nutritional and health status, and old age support — and the institutional mechanisms communities have developed to cope with the risks that individuals are exposed to by the concomitants of rising prosperity.

scholarly journals The Relationship between Household Debt and Consumption Spending in South Africa

2017 ◽  
Vol 9 (2) ◽  
pp. 243
Author(s):  
Patience Nkala ◽  
Asrat Tsegaye
Keyword(s):  
South Africa ◽  
Well Being ◽  
Household Debt ◽  
Causality Test ◽  
Policy Makers ◽  
Vector Error Correction ◽  
Vector Error ◽  
Long Run ◽  
Short Run ◽  
The Relationship

Consumption has been and remains the main contributor to gross domestic product (GDP) growth in South Africa. Household debt on the other side has remained high over the years. These two economic indicators are a reflection of the well-being of an economy. This study thus examined the relationship between household debt and consumption spending, for the period between 1994 and 2013. The Johansen cointegration technique and the Vector error correction model (VECM) were utilised to test the long run and short run relationships between the variables. The Granger causality test was also employed to test the direction of causality between the variables. Results from this study have revealed that a relationship exists between household debt and consumption spending in South Africa and they have also showed that this relationship flows from household debt to consumption spending. The implications of these results are that consumption spending may be increased through other measures rather than through increasing debt. The study therefore recommends that policy makers avail more investment opportunities for households and to also create employment in a bid to increase the income of households which can then be used to increase household consumption rather than the use of debt.

scholarly journals A lost decade? A renewed case for adult social care reform in England

2020 ◽  
pp. 1-32
Author(s):  
JON GLASBY ◽  
YANAN ZHANG ◽  
MATTHEW R. BENNETT ◽  
PATRICK HALL
Keyword(s):  
Social Care ◽  
Current System ◽  
Policy Makers ◽  
Department Of Health ◽  
Working Age ◽  
Lost Decade ◽  
The Uk ◽  
The Impact ◽  
The Relationship ◽  
Urgent Action

Abstract Drawing on a 2010 analysis of the reform and costs of adult social care commissioned by Downing Street and the UK Department of Health, this paper sets out projected future costs under different reform scenarios, reviews what happened in practice from 2010-19, explores the impact of the growing gap between need and funding, and explores the relationship between future spending and economic growth. In the process, it identifies a ‘lost decade’ in which policy makers failed to act on the warnings which they received in 2010, draws attention to the disproportionate impact of cuts on older people (compared to services for people of working age) and calls for urgent action before the current system becomes unsustainable.

scholarly journals The Relationship Between Human Development, Tourism and Economic Growth: Evidence From Malaysia

2019 ◽  
Vol 10 (5) ◽  
pp. 96
Author(s):  
Yan-Teng Tan ◽  
Pei-Tha Gan ◽  
Mohd Yahya Mohd Hussin ◽  
Norimah Ramli
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Empirical Studies ◽  
Well Being ◽  
Policy Makers ◽  
Remarkable Feature ◽  
Long Run ◽  
The Social ◽  
Social And Cultural Factors ◽  
The Relationship

A remarkable feature of empirical studies is that not many research works investigate the relation between human development and tourism. Although gross domestic product may replace human development to measure economy progress and human well-being in relation to tourism, however, this definition, is narrow, limits to economic side, and ignores the social and cultural factors. To overcome this shortcoming, this study examines the relationship between human development, tourism and economic growth in Malaysia. By using different cointegration approaches, the results indicate that tourism is positively related to human development in the long run. The finding suggests that the known relationship may serve as a guide to policy makers to achieve better development of social and cultural in order to promote the growth.

The Economic and Environmental Impact of Large Financial Developments in an Oil-Dependent Economy

2020 ◽  
pp. 221-240
Author(s):  
Hanan Naser
Keyword(s):  
Economic Growth ◽  
Environmental Impact ◽  
Vector Error Correction Model ◽  
Policy Makers ◽  
Vector Error Correction ◽  
Vector Error ◽  
Long Run ◽  
Market Shares ◽  
Short Run ◽  
The Relationship

This study examines the economic and environmental impact of large financial developments in Bahrain from year 2006 to 2016. To do so, the relationship between energy consumption, oil prices, market shares, dividend yields, and economic growth has been investigated using Vector Error Correction Model (VECM). The key findings are summarized as follow: (1) Long run relationship exists between the suggested variables. (2) Both energy and financial markets are significant in the long run relationship, and positively affect the economic growth of Bahrain. (3) According to the estimated ECM term, the model is stable in the short run. (4) Decline in oil price has negative significant drawback on the economic growth of Bahrain. Accordingly, it is recommended that policy makers in Bahrain focuses on implement strong strategies that aim at encouraging investments in non-oil sectors without impeding energy sector or economic growth in order to move towards sustainability.

scholarly journals The relationship between stock markets of major developed countries and Asian emerging markets

2004 ◽  
Vol 8 (4) ◽  
pp. 201-218 ◽  
Author(s):  
Wing-Keung Wong ◽  
Jack Penm ◽  
Richard Deane Terrell ◽  
Karen Yann Ching Lim
Keyword(s):  
Emerging Markets ◽  
Stock Markets ◽  
International Diversification ◽  
Developed Countries ◽  
Stock Market Crash ◽  
Emerging Stock Markets ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Asian Emerging Markets ◽  
The Relationship

With the emergence of new capital markets and liberalization of stock markets in recent years, there has been an increase in investors' interest in international diversification. This is so because international diversification allows investors to have a larger basket of foreign securities to choose from as part of their portfolio assets, so as to enhance the reward-to-volatility ratio. This benefit would be limited if national equity markets tend to move together in the long run. This paper thus studies the issue of co-movement between stock markets in major developed countries and those in Asian emerging markets using the concept of cointegration. We find that there is co-movement between some of the developed and emerging markets, but some emerging markets do differ from the developed markets with which they share a long-run equilibrium relationship. Furthermore, it has been observed that there has been increasing interdependence between most of the developed and emerging markets since the 1987 Stock Market Crash. This interdependence intensified after the 1997 Asian Financial Crisis. With this phenomenon of increasing co-movement between developed and emerging stock markets, the benefits of international diversification become limited.

International Historical Evidence on Money Growth and Inflation: The Role of High Inflation Episodes

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Michele Fratianni ◽  
Marco Gallegati ◽  
Federico Giri
Keyword(s):  
Developed Countries ◽  
Regression Coefficients ◽  
Annual Data ◽  
Money Growth ◽  
Quantity Theory ◽  
Time Frequency ◽  
Long Run ◽  
Unit Slope ◽  
High Inflation ◽  
The Relationship

Abstract How long is the long run in the relationship between money growth and inflation? How important are high inflation episodes for the unit slope finding in the quantity theory of money? To answer these questions, we study the relationship between excess money growth and inflation over time and across frequencies using annual data from 1870 to 2013 for 16 developed countries. Wavelet-based exploratory analysis shows the existence of a close stable relationship between excess money growth and inflation only over long time horizons, i.e. periods greater than 16–24 years, with money growth mostly leading. When we investigate the sensitivity of the unit slope finding to inflation episodes using a “time-frequency-based” panel data approach, we find that low-frequency regression coefficients estimated over variable-length subsamples are largely affected by high inflation episodes occurring in the 1910s, the 1940s, and the 1970s. Taken together, our results suggest that inflationary upsurges affect regression coefficients, but not the closeness of the long-run relationship. This reconciles the validity of the quantity theory of money with the current disinterest of monetary policymaking in money growth.

scholarly journals Military Expenditure and Economic Growth Empirical Evidence from Malaysia

2019 ◽  
Vol 8 (2S9) ◽  
pp. 1-5
Keyword(s):  
Economic Growth ◽  
Negative Relationship ◽  
Military Expenditure ◽  
Policy Makers ◽  
Long Run ◽  
Job Opportunities ◽  
The Impact ◽  
The Relationship ◽  
Domestic Products ◽  
Defence Expenditure

The relationship between military expenditure and economic growth has attract ample interest among economists as well as policy makers. The importance of expanding defence expenditure is substantially to coincide with national security and defence. The purpose of this study is to explore the impact of military expenditure on economic growth in Malaysia. An econometrics time series analysis is employed using ARDL estimates spanning from the year 1979 to 2017. The empirical findings reveal a negative relationship between military expenditure and Gross Domestic Products (GDP). Despite the inverse relationship between defence expenditure and economic growth, Malaysia should not neglect the investment on efficient military expenditure, as it has proven that in some countries, defence expenditure promotes a long run economic growth by promoting more job opportunities, protecting the nation and thus, achieving sustainable development. It is recommended to add more variables in future study that can relate security and defence for the country like numbers of crime, and numbers of migrants and refugees. Conclusively defence and security are the important factors for the country in generating the world and public’s confidence and to captivate foreign direct investment. Hence, adequate policy making on military expenditure are utmost important to promote economic growth

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