Modeling the co-evolution of economic institutions and the economy of resource producing regions

2020 ◽  
Vol 18 (4) ◽  
pp. 122-131
Author(s):  
Vadim F. Islamutdinov ◽  
Sergey P. Semenov
Keyword(s):  
Economic Growth ◽  
Resource Availability ◽  
Regional Economy ◽  
Cumulative Effect ◽  
Volterra Equations ◽  
Economic Institutions ◽  
Predator Prey Model ◽  
Resource Endowment ◽  
Disincentive Effect ◽  
Good Institution

The purpose of the study is to develop a model for the co-evolution of the regional economy and economic institutions. The research methods used: abstract-logical for the study of theoretical aspects and the experience of modeling co-evolution; and economic-mathematical for the development of own model of coevolution. The results of the study: approaches to modeling the evolution of economic institutions, as well as the co-evolution of the regional economy and economic institutions are considered, strengths and weaknesses of existing approaches to modeling co-evolution are identified, on the basis of the logistic model and Lotka-Volterra equations, an own co-evolution model has been developed, which includes three entities: regional economy, “good” institution and “bad” institution. Three versions of the model have been developed: the co-evolution of the regional economy and the “good” institution, the co-evolution of the regional economy and the “bad institution,” and a variant of the co-evolution of all three entities simultaneously, in which the “good” and “bad” institutions interact according to the “predator-prey” model, and their the cumulative effect determines the development of the regional economy. Numerical experiments have been carried out in the MathLab, which have shown the capabilities of the model to reflect the results of the co-evolution of the economy of a resource-producing region and economic institutions. In the first variant, a “good” institution promotes economic growth in excess of the level determined by resource availability. In the second variant, the “bad” institution has a disincentive effect on the GRP, as a result of which the GRP falls below the level determined by the resource endowment. In the third variant, the interaction of “good” and “bad” institutions still contributes to economic growth above the level determined by resource availability, but causes cyclical fluctuations in the GRP.

The Unionist Experiment in Guatemala, 1920-1921: Conciliation, Disintegration, and the Liberal Junta

1993 ◽  
Vol 50 (1) ◽  
pp. 31-64
Author(s):  
Wade Kit
Keyword(s):  
Economic Growth ◽  
Rapid Growth ◽  
Economic Activity ◽  
Social Problems ◽  
Cumulative Effect ◽  
Student Population ◽  
Moderate Pace ◽  
Political Status ◽  
The Republic ◽  
Rare Opportunity

During the presidency of Manuel Estrada Cabrera (1898-1920), the exploitative and exclusive nature of Guatemalan society became increasingly obvious. Instead of real development, what emerged was a landed oligarchy, engaged primarily in the production of coffee, who utilized their economic might to construct a state that protected their dominant social and political status. Although economic growth and modernization proceeded at a moderate pace in the first two decades of this century, political and social problems associated with increased economic activity and the altered fabric of Guatemalan society arose. Significant among these were the rapid growth of the capital's middle sectors, the emergence of incipient labor organizations, and a vocal and politically conscious student population; all of which were refused a forum for political expression, not to mention an equitable share in the profits of the republic's lucrative coffee industry. The cumulative effect of these forces, augmented by the extremely repressive nature of Estrada Cabrera's Administration, presented the republic with a rare opportunity to implement real and significant reform.

Old age support in kind

2009 ◽  
Vol 9 (3) ◽  
pp. 445-472 ◽  
Author(s):  
KAZUTOSHI MIYAZAWA
Keyword(s):  
Economic Growth ◽  
Old Age ◽  
Strategic Behavior ◽  
Middle Age ◽  
Formal Care ◽  
Old Age Support ◽  
Transfer Policy ◽  
Endogenous Growth Model ◽  
Disincentive Effect ◽  
Inter Vivos Transfer

AbstractIt has been argued whether a transfer policy for elderly people should be in kind or in cash. This paper presents a rationale to answer the question in an endogenous growth model with a two-way intrafamily transfer in middle age, education for the child as an inter-vivos transfer, and informal parental care in exchange for a bequest. We have two analytical results. First, a transfer in cash, such as a public pension, prevents economic growth because a strategic behavior concerning caregiving generates a disincentive effect on education. Second, a transfer in kind, such as public formal care, promotes economic growth because the valuation of the service generates an additional benefit of education, which dominates the disincentive effect. Our results show that old age support should be in kind rather than in cash in the context of economic growth and also welfare if bequests are strategic.

Role of Institutional Investors in the Resource Provision of the Region’s Economic Growth

2018 ◽  
Vol 8 (8) ◽  
pp. 2439
Author(s):  
Tatyana Sergeevna KOLMYKOVA ◽  
Oleg Vladimirovich OSTIMUK ◽  
Anna Sergeyevna OBUKHOVA
Keyword(s):  
Economic Growth ◽  
Institutional Investors ◽  
Regional Economy ◽  
Geographic Region ◽  
Economic Modeling ◽  
Socioeconomic Conditions ◽  
Investment Environment ◽  
Current State ◽  
Kursk Region

The article examines the role of institutional investors in resource provision of the region's economic growth (on the materials of the Kursk region, Russia). The goal of the study is to analyze the current state and trends in the development of investment activities of institutional investors within the economic boundaries of a particular geographic region, the results of which allow to identify the main priority areas in the development of the investment environment for the activities of the regional economy entities under study. The scientific novelty of the study involves shaping the priority area sin the development of the region's economy based on the formation of an efficient investment environment and creation of favorable socioeconomic conditions for the activities of institutional investors. The completed study is based on the methods of economic and statistical analysis and economic modeling. The main result of the study is the development of priorities for the development of investment activities of institutional investors with the purpose of improving the resource provision of the region's economic growth.

scholarly journals On the Legitimacy of the Dengist Regime

1996 ◽  
Vol 11 ◽  
pp. 51 ◽  
Author(s):  
Torstein Hjellum
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Market Competition ◽  
Regional Inequality ◽  
Economic Institutions ◽  
Chinese Leader ◽  
Socio Economic Development

Deng's truth-from-facts willingness to discard outmoded dogmas and his black-cats/white-cats readiness to tinker with China's basic economic institutions had led him boldly to venture where no Chinese leader - no leader anywhere in the communist world - had previously dared to go. Early on, Deng decoupled the engine of market competition (good) from the stigma of capitalist exploitation (bad) and threw open China's doors to the outside world, setting in motion a process of accelerated socio-economic development and modernization. . . . Rapid but uneven economic growth, accompanied by a deep erosion of traditional ideological norms and social controls, produced a situation high in raw entrepreneurial energy but low in institutionalized immunity to a wide variety of potential systemic disorders, ranging from rising regional inequality and uncontrolled rural emigration to a nationwide epidemic of crime, corruption, and popular cynicism. All this arguably rendered China more volatile politically than at any time since the late 1940s.'

scholarly journals The Textiles and Garments Sector: Moving Up the Value Chain

2014 ◽  
Vol 19 (Special Edition) ◽  
pp. 283-306 ◽  
Author(s):  
Naved Hamid ◽  
Ijaz Nabi ◽  
Rafia Zafar
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Value Chain ◽  
Industrial Activity ◽  
Trade Structure ◽  
Resource Endowment ◽  
Capital Intensive ◽  
Least Energy

The textiles and garments (T&G) sector accounts for almost 50% of Pakistan’s exports and is the largest component of manufacturing. T&G sector, because of recent favorable developments for the industry in Pakistan and the expected future changes in the international trade structure for the sector, has the potential to play an important role in expanding Pakistan’s exports. In addition, garments manufacturing is the least energy and capital intensive industrial activity and thus resonates with Pakistan’s resource endowment to generate economic growth and employment.

scholarly journals ANALISIS KETIMPANGAN PEMBANGUNAN DAN PERTUMBUHAN EKONOMI ANTAR WILAYAH KABUPATEN/KOTA DI PROVINSI SULAWESI UTARA

2020 ◽  
Vol 16 (3) ◽  
pp. 369
Author(s):  
Gracetyani Ovicha Naibaho ◽  
Juliana Ruth Mandei ◽  
Lyndon Reinhard Jacob Pangemanan
Keyword(s):  
Economic Growth ◽  
Population Growth ◽  
Regional Economy ◽  
Secondary Data ◽  
Index Number ◽  
The North ◽  
North Sulawesi ◽  
Long Run ◽  
Depressed Regions

This study aims to analyze the level of development inequality and economic growth between districts / cities in North Sulawesi Province in 2014-2018. This research was conducted from November 2019 to March 2020. The data used in this study are secondary data. The data were obtained from the North Sulawesi Central Statistics Agency (BPS Sulut) and other literatures according to this study. The results showed that the higher income between regions would affect economic growth and inequality that occurred in North Sulawesi Province. Based on the results of the development inequality analysis, it shows low inequality with an average Williamson Index number of 0.49 (<0.5). Classification of districts / cities in North Sulawesi Province using a regional approach. Typology Klassen is divided into four classifications. Regions are developed and growing fast, regions are developed but are depressed, regions are developing fast but are not developed, and regions are relatively underdeveloped. Based on these results, this study concludes that along with the occurrence of economic growth there will also be population growth. Thus, the rate of economic growth must exceed the rate of population growth. If in the long run the economic growth equals population growth, the regional economy will not experience development and the population's level of prosperity will not progress.

scholarly journals KAWASAN EKONOMI KHUSUS DAN PEMBANGUNAN EKONOMI REGIONAL: SEBUAH STUDI LITERATUR

2020 ◽  
Vol 1 (2) ◽  
pp. 40-54
Author(s):  
Nurafni Irma Suryani ◽  
Ratu Eva Febriani
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Regional Economy ◽  
Positive Impact ◽  
Special Economic Zones ◽  
Literature Study ◽  
Economic Growth Rate ◽  
Economic Zones ◽  
The Impact

Special Economic Zones are very important for the progress of an area. SEZ is able to contribute to the regional economy and increase economic development by providing direct and indirect effects. The purpose of this study is to determine the impact of special economic zones on regional economic development. The object of this study is to explore the establish SEZ in Indonesia just only refer to two SEZs namely SEI Mangke and Tanjung Lesung. This research used literature study as a method. The results show that SEZ make the regional economy is starting to move towards a better direction. The role of two SEZs observed have different impact on regional economy, SEI Mangke has a positive impact on macroeconomy indicator such as reduced unemployment, reduced poverty and an increased economic growth rate in Simalungun Regency. Otherwise, Tanjung Lesung just has a positive impact on MSMEsKeywords: Unemployment, Poverty, Economic Growth, Pengembangan UMKM, SEZ Sei Mangke, SEZ Tanjung Lesung

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