Maqasid-al-Shariah-based socio-economic development index (SCECDI): The case of some selected Islamic economies

2017 ◽  
Vol 5 (3) ◽  
pp. 32
Author(s):  
Sana Ullah ◽  
Adiqa Kausar Kiani
Keyword(s):  
Economic Development ◽  
Saudi Arabia ◽  
Value Added ◽  
Economic Conditions ◽  
Development Index ◽  
Muslim Countries ◽  
Education And Health ◽  
Socio Economic Development ◽  
Expected Outcome ◽  
Islamic Countries

The main objective of this study is to develop a socio-economic development index (SCECDI), which is composed of social development index (SCDI) and economic development index (ECDI). For the analysis, we have included 14 Islamic countries which are Afghanistan, Bahrain, Bangladesh, Egypt, Indonesia, Iran, Kuwait, Malaysia, Morocco, Pakistan, Qatar, Saudi Arabia, Turkey and U.A.E for the years 2010 and 2015.Pakistan’s spending on education and health is quite low during last five years on average, while value added agriculture is the highest among all Muslim countries. Meanwhile, spending on health and education in Saudi Arabia is quite high, besides having quite high export value added and capital formation. These are required for better economic development. Highest educational profile is observed in Malaysia, while the employment rate is highest in Kuwait among all. We have diversified the summary profile for all countries of the variables included for the analysis in the study. Expected outcome is that those Islamic economies which have better economic conditions, will have more than 0.50 values for SCECDI, while others may have the value in between 0-0.50. We also demonstrate the importance of SCECDI focusing the dynamic characteristics of all Islamic countries included in the study.

scholarly journals Sensitivity analysis as a tool to optimise Human Development Index

Equilibrium ◽  
2019 ◽  
Vol 14 (3) ◽  
pp. 425-440 ◽  
Author(s):  
Marta Kuc-Czarnecka
Keyword(s):  
Sensitivity Analysis ◽  
Economic Development ◽  
Human Development ◽  
Human Development Index ◽  
Value Added ◽  
Evaluation Process ◽  
Composite Indicators ◽  
Sensitivity Index ◽  
Development Index ◽  
Socio Economic Development

Research background: Composite indicators are commonly used as an approximation tool to measure economic development, the standard of living, competitiveness, fairness, effectiveness, and many others being willingly implemented into many different research disciplines. However, it seems that in most cases, the variable weighting procedure is avoided or erroneous since, in most cases, the so-called ‘weights by belief’ are applied. As research show, it can be frequently observed that weights do not equal importance in composite indicators. As a result, biased rankings or grouping of objects are obtained. Purpose of the article: The primary purpose of this article is to optimise and improve the Human Development Index, which is the most commonly used composite indicator to rank countries in terms of their socio-economic development. The optimisation will be done by re-scaling the current weights, so they will express the real impact of every single component taken into consideration during HDI’s calculation process. Methods: In order to achieve the purpose mentioned above, the sensitivity analysis tools (mainly the first-order sensitivity index) were used to determine the appropriate weights in the Human Development Index. In the HDI’s resilience evaluation process, the Monte Carlo simulations and full-Bayesian Gaussian processes were applied. Based on the adjusted weights, a new ranking of countries was established and compiled with the initial ranking using, among others, Kendall tau correlation coefficient. Findings & Value added: Based on the data published by UNDP for 2017, it has been shown that the Human Development Index is built incorrectly by putting equal weights for all of its components. The weights proposed by the sensitivity analysis better reflect the actual contribution of individual factors to HDI variability. Re-scaled Human Development Index constructed based on proposed weights allow for better differentiation of countries due to their socio-economic development.

The impact of the regional capital on center-periphery interactions – the case of Lviv and its surrounding region

2021 ◽  
Vol 93 (2) ◽  
pp. 31-43
Author(s):  
Iryna Leshchukh ◽  
Olha Mulska
Keyword(s):  
Economic Development ◽  
General Pattern ◽  
Development Index ◽  
Regional Center ◽  
Socio Economic Development ◽  
The One ◽  
Index Value ◽  
Regional Capital ◽  
The Impact ◽  
Strong Inverse Relationship

o analyse the impact of Lviv on centre-periphery interactions the authors calculated the Socio-Economic Development Index for different districts of the region and considered the distance of each district from the regional capital. The Socio-Economic Development Index (Іr) of each district was calculated as the arithmetic mean of indices of its economic (Іе) and social (Іs) development. A strong inverse relationship was found between districts’ indices and their distances from the regional capital (R = –0.69). The indices were used to classify districts into three categories: central, semi-peripheral, and peripheral. The central category includes districts located within a 50-km radius of Lviv and their indices range from 0.5 to 0.7. Semi-peripheral districts are located within the radius of 50-75 km and their Іr values range from 0.3 to 0.5. Peripheral districts are located at the furthest distance from the regional centre, and their Іr values are below 0.3. Because the correlation between the distance from the regional center and index value for some districts was not consistent with the general pattern, two subtypes of districts were also added – core and ancillary. The authors demonstrate that the impact of the regional capital on the socio-economic development of administrative districts decreases with their increasing distance from the regional center. The level of socio-economic development in districts depends, on the one hand, on the strength of impulses generated by the regional center, and on the other hand, is determined by the local economic capacity and ability to absorb the impacts of the regional center and other local growth poles.

Impact of Bank Programmes on Socio Economic Development of Beneficiaries: A Study of Hunsur Taluk in Mysore District

2012 ◽  
Vol 11 (1) ◽  
pp. 25-41
Author(s):  
Ramakrishna . ◽  
K V Aiahanna
Keyword(s):  
Economic Development ◽  
Special Reference ◽  
Economic Conditions ◽  
Socio Economic Development ◽  
Credit Institutions

The main aim of the study is to identify the bank programmes based on the socio-economic conditions of the beneficiaries in the study area. The scope of the study is confined to the role of credit institutions in uplift of the weaker sections, with special reference to IOB [Indian Overseas Bank] in Hunsur Taluk.

scholarly journals The Implications of federalism and decentralisation on socio-economic conditions in Ethiopia

2017 ◽  
Vol 15 (2) ◽  
pp. 89
Author(s):  
Petra Zimmermann-Steinhart ◽  
Yakob Bekele
Keyword(s):  
Economic Development ◽  
Service Delivery ◽  
District Level ◽  
The Other ◽  
Equal Access ◽  
Economic Conditions ◽  
Federal System ◽  
Access To Services ◽  
Development Policies ◽  
Socio Economic Development

This paper analyses impacts of the federal system and the decentralisation of functions to the district level on Ethiopia's socio-economic development. Firstly we will highlight the principles of the Ethiopian federal system as well as those of the 2001/2002 decentralisation process. Secondly we will show how the decentralisation has impacted on two of the decentralised sectors, health and education, by comparing pre-federal, pre- and post-decentralisation data.In both cases an overall increase in allocated budgets and an increase in the scale of the services offered since decentralisation started in 2001 has been found. Studies also show that the increase in services is not homogenous across regional states. Within the four larger regions, strongly disadvantaged woredas at the outset of the decentralisation process have profited most, which shows that the constitutional imperative of equal access to services is being implemented. Some of the regions where decentralisation was started later have still not caught up with the other regions, a phenomenon which is mostly due to capacity deficits.The article concludes that decentralisation in combination with consistent development policies has led to an overall improvement in service delivery, while some challenges regarding quality and equity still need to be addressed.

Inequalities in socio-economic development in the world

2015 ◽  
Vol 60 (8) ◽  
pp. 81-100
Author(s):  
Witold Rakowski
Keyword(s):  
Economic Development ◽  
Income Distribution ◽  
Human Development ◽  
Human Development Index ◽  
Development Index ◽  
Human Development Report ◽  
The World ◽  
Socio Economic Development

Based on the Human Development Report 2013 the author presents classification of the countries taking into account HDI value in 2012, non-income HDI and the IHDI (Inequality – Adjusted Human Development Index). IHDI reflects disparities in the income distribution. 187 states of the report are divided into 12 groups by the HDI total value.

التبني بين الشريعة الإسلامية والقانون الإندونيسي

2021 ◽  
Vol 4 (1) ◽  
pp. 207-231
Author(s):  
زين العابدين محمد باقر ◽  
عارف عل عارف ◽  
منتهى أرتاليم زعيم
Keyword(s):  
Economic Development ◽  
Poverty Alleviation ◽  
Research Method ◽  
Political Stability ◽  
Primary Sources ◽  
Social Phenomenon ◽  
Muslim Countries ◽  
The People ◽  
Socio Economic Development ◽  
Deductive Research

The evolution of poverty has been an emerging economic and social phenomenon which poses the attention of national and international government and developmental organizations in Muslim and non-Muslim countries to initiate various strategies and programs for the poverty alleviation. In Islam, it is crucially important to cater for the wellbeing of the people in a society so that it would positively constitute socio-economic development, political stability and religion propagation. This study aims to explore the poverty alleviation measures prescribed in Islam as a collective solution to several calamities. For this purpose, deductive research method is adopted to articulate the major maqassid of Quran and Sunnah in eradicating poverty as the two primary sources of Shariah explicitly and implicitly encompass all the aspects of life most especially the livelihood wellbeing in accordance with Shariah objective of wealth protection. The study is significant as it will revive Muslims’ intuition to refer back to the teachings from the divine sources to ensure socio-economic development and sustainability.

scholarly journals Capital Investment as a Component of State Investment Policy at the Regional Level

2020 ◽  
pp. 176-185
Author(s):  
Svitlana TARABAN
Keyword(s):  
Economic Development ◽  
Financial Stability ◽  
Value Added ◽  
Bank Lending ◽  
The State ◽  
High Tech ◽  
Capital Investments ◽  
Investment Activity ◽  
Socio Economic Development ◽  
Investment Process

The article examines the processes of inflow of investments into the economy of Ukraine, highlights the main problems and factors affecting investment activity and investment attractiveness of the country and regions. Functions of investments without which effective management and development of the economy of the state are impossible are considered. The peculiarities and tendencies of the investment activity in Ukraine are revealed, the ways to intensification of attraction of capital investments are determined. It has been found that the process of attracting capital investments in the Ukrainian economy has significantly slowed down due to the political and economic crises of recent years. As a result, the financial condition of enterprises has deteriorated, the number of unprofitable financial institutions has increased, the volume of bank lending to enterprises has decreased, the investment activity of foreign investors has decreased. Attention is drawn to the fact that the successful realization of the objectives of the socio-economic development of the regions depends on the efficiency of the organization of the investment process. The revitalization of the investment process is the main component of economic requirements, which are intended to identify real changes in the structure of the economy of the country and the region, to accelerate the transition of the economy to a qualitatively new level of industrial development, to improve the quality of domestic products and its competitiveness in the world market, to contribute to overcoming interregional disproportions, to provide growth in the state. The dynamics and structure of capital investments in Ukraine and Kharkiv region in 2017-2019 are analysed. The structure of capital investments for this period by sources of financing, types of economic activity, types of assets is studied. The conclusions on the materiality of the changes and direction that have occurred during this period have been made, the positive and unfavourable changes in the formation of capital investments have been characterized. It is determined that the socio-economic development of Ukraine is impossible without sufficient financing of capital investments. First of all, it is about modernizing the production of high-tech and competitive high-value-added goods and increasing their exports, as well as the introduction of innovative and energy-saving technologies. It is stated that the conditions for attracting investment in Ukraine are political, economic and financial stability, investment guarantees, improvement of legislative acts regulating investment activity and general improvement of the investment climate. Keywords: investment activity, capital investments, dynamics, structure, economic development, investment processes.

scholarly journals ОЦЕНКА ВЛИЯНИЯ СФЕРЫ ОБРАЗОВАНИЯ НА ЭКОНОМИЧЕСКОЕ РАЗВИТИЕ СТРАНЫ

2019 ◽  
pp. 41-47
Author(s):  
Ахмедова Эсмира М.
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Comparative Analysis ◽  
Human Development ◽  
Human Development Index ◽  
Public Investment ◽  
Development Index ◽  
Social And Economic Development ◽  
The World ◽  
Socio Economic Development

This article indicates the results a comparative analysis the financing of the advanced countries of the world and similar indicators of Azerbaijan during the period active development of education and modernization of the economy. The methodology work is the fundamental works of foreign scientists, such as reports of the Organization for Economic Cooperation and Development (OECD), human development index indicators in the field of determining and assessing the dependence of socio-economic development on public investment in education. It is displayed that Azerbaijan has resources and potential for growth of human capital, for social and economic development of the country. On the basis of the research, some conclusions and proposals are presented that contribute to improving the prospects for the economic development of Azerbaijan.

scholarly journals PENGARUH FAKTOR-FAKTOR MAKROEKONOMI TERHADAP ISLAMIC HUMAN DEVELOPMENT INDEX (IHDI) DI INDONESIA TAHUN 2013-2017

2020 ◽  
Vol 6 (4) ◽  
pp. 819
Author(s):  
Siti Rochmah ◽  
Raditya Sukmana
Keyword(s):  
Economic Development ◽  
Human Development ◽  
Human Development Index ◽  
Ethical Perspective ◽  
Five Dimensions ◽  
Development Index ◽  
Muslim Countries ◽  
Comprehensive Index ◽  
Analysis Technique ◽  
Poverty Levels

The human development Index (HDI) established by UNDP, might be the most comprehensive approach but is not fully compatible and sufficient for measuring development in Muslim countries, because HDI measurements are not based on Islamic perspective. The HDI is unable to capture the religious and ethical perspective of socio-economic development in Muslim countries. human development and welfare of human being is an ultimate goal in the whole Islamic framework. Therefore, came a measurement called Islamic Human Development Index (I-HDI) as a holistic and comprehensive index for human development derived from the five dimensions of Maqāṣid al-Sharīʿah: religion (dīn), life (nafs), intellect (ʿaql), family (nasl) and wealth (māl). This study aims to determine the effect of macroeconomics factor on Islamic human development Index In Indonesia. The analysis technique used is multiple linearregression. The findings show that unemployment and poverty levels have a significant effect on IHDI, while GRDP does not affect IHDI. In addition, the results show that there are differences in ranking between HDI and IHDI. Some Provinces get IHDI acquisition which is quite low, which is below 50% which can be seen in NTT, NTB, and Papua Provinces. While the other provinces get good IHDI acquisition so that there is still a wealth of prosperity in provinces in Indonesia.Keywords: Economic Development, Maqashid Shariah, Human Development, Islamic Human Development Index

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