THE IMPORTANCE OF INNOVATIVE ACTIVITIES AT THE MODERN STAGE OF ECONOMIC DEVELOPMENT ANNOTATION

2021 ◽  
Vol 4 (2) ◽  
pp. 79-86
Author(s):  
Obidkul Sattorkulov ◽  
◽  
Dilorom Mamadiyorova ◽  
Madina Obidzhonova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Innovation Process ◽  
Economic Structure ◽  
Innovation Activity ◽  
Social Image ◽  
Innovation Infrastructure ◽  
New Development ◽  
Development Prospects

This article presents the main ways in which innovation can have a positive impact on economic growth, welfare of the population, economic structure, social image of society and various sectors of the economy, innovation opportunities, their application and development prospects. Key words:innovation, novation, science, new development, innovation, innovation infrastructure, innovation activity, innovation process.

scholarly journals ANALISIS POTENSI DAN EFEKTIVITAS PAJAK HOTEL DAN RESTORAN SERTA DAMPAKNYA TERHADAP PAD DAN PERTUMBUHAN EKONOMI DI KABUPATEN MINAHASA

2019 ◽  
Vol 19 (6) ◽  
Author(s):  
Jessy V. Tiwang ◽  
Debby Ch. Rotinsulu ◽  
Daisy S.M. Engka
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Tax Collection ◽  
Local Revenue ◽  
Starting Point ◽  
The Impact ◽  
The City

ABSTRAK             Pembangunan ekonomi daerah khususnya Pemerintah Kota merupakan titik awal pelaksanaan pembangunan, sehingga daerah diharapkan bisa lebih mengetahui potensi dan apa yang menjadi kebutuhan daerahnya salah satunya peningkatan Pendapatan dan Pertumbuhan ekonomi melalui proses pemugutan pajak Hotel dan Restoran guna dampak sesuai yang diharapkan.            Dalam penelitian ini bertujuan untuk menganalisis potensi dan efektivitas Pajak Hotel dan Restoranserta dampaknya terhadap Pendapatan Asli Daerah dan Pertumbuhan Ekonomi di Kabupaten Minahasa.            Berdasarkan hasil penelitian menunjukkan bahwa Pajak Hotel dan Restoran masih kurang berpotensi, sementara untuk tingkat efektivitas, Pajak Hotel dan Restoran menunjukkan angka yang efektif yakni rata-rata diatas 100%, dan secara bersama variabel Pajak Hotel dan Restoran memberikan pengaruh yang positif terhadap Pendapatan Asli Daerah, begitu pula secara bersamaan variabel Pajak Hotel dan restoran serta Pendapatan Asli Daerah memberikan pengaruh yang positif terhadap tingkat pertumbuhan ekonomi yang ada di Kabuaten Minahasa. Kata Kunci : Pendapatan Asli Daerah, Pertumbuhan Ekonomi, Pajak Hotel dan Restoran  ABSTRACT             Economic development areas especially the city is the starting point of construction , so that the regions is expected to be more aware of their potential and what has been one of the needs of the regions increase in income and economic growth through a tax collection hotel and restaurant to the impact as expected.            In this study aims to to analyze the all the potential and the effectiveness of tax hotel tax and restoranserta what effect it had on the regional genuine income and economic growth in kabupaten Minahasa .            Based on the research shows that hotel and restaurant tax potential is weak , while the effectiveness , hotel and restaurant tax shows a figure that is effective and above 100% , and together the hotel and restaurant tax positive impact on local revenue , this is also at the same time the hotel and restaurant tax and local revenue positive impact on the economic growth is in kabupaten Minahasa . Keyword : Local revenue, economic growth, hotel and restaurant taxes

scholarly journals Learning Losses Caused by the Covid-19 Pandemic - A Significant Threat to Economic Development

2021 ◽  
Vol 4 (1) ◽  
pp. 92
Author(s):  
Tea Kasradze ◽  
Nino Zarnadze
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Organizations ◽  
Positive Impact ◽  
Secondary Data ◽  
Market Demand ◽  
Local Policy ◽  
Education Systems ◽  
Increase Productivity ◽  
The Impact

Numerous studies show that there is a positive correlation between education and the economic development of the country. Strong education systems have a positive impact not only on the success of individuals but also on the economy of the entire country. Graduates equipped with the skills required by the labor market can easily find a place in this market. Knowledge and skills relevant to market demand increase productivity have a positive impact on economic growth and development. Unfortunately, Covid Pandemic has severely damaged the education systems. Governments, scientists, and experts provide us with statistical information daily around the world about both the slowdown in economic growth as a whole and the problems of individual sectors of the economy. These are the problems and numbers that are already visible and it can be said that the losses are easily measurable. However, the damage caused to the economy by education systems affected by the pandemic will be felt by countries and humanity years later, nor will it be easy to calculate. The problem is even more difficult in poor and developing countries. This paper aims to study the impact of the Covid Pandemic on the education system and economy in Georgia. The research examines the reports and studies of various international organizations, analyzing the secondary data obtained from them. Local policy documents, government reports and regulations, and papers of different researchers have also been studied, conclusions have been made and relevant recommendations have been developed.

Does transportation infrastructure impact economic growth in India?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sreenu Nenavath
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Transport Infrastructure ◽  
Causality Test ◽  
Content Type ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Determinants Of Economic Growth

Purpose This paper aims to show a long run and causal association between economic growth and transport infrastructure. Design/methodology/approach In this study, the authors use ARDL models through the period 1990 – 2020 to investigate the relationship between transport infrastructure and economic growth in India. Findings The infrastructure has a positive impact on economic growth in India for the long run. Moreover, Granger causality test demonstrates a unidirectional relationship between transport infrastructure to economic development. Stimulatingly, the paper highlights the effect of air infrastructure statistically insignificant on economic growth in the long and short-run period. Originality/value The original outcome from the study delivers an inclusive depiction of determinants of economic growth from transport infrastructure in India, and these findings will help the policymakers to frame policies to improve the transport infrastructure. Hence, it is proposed that the government of Indian should focus more to upsurge the transport infrastructure for higher economic development.

scholarly journals Analysis of Factors Influencing Carbon Emissions in the Energy Base, Xinjiang Autonomous Region, China

2020 ◽  
Vol 12 (3) ◽  
pp. 1089
Author(s):  
Jiancheng Qin ◽  
Hui Tao ◽  
Chinhsien Cheng ◽  
Karthikeyan Brindha ◽  
Minjin Zhan ◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Carbon Emissions ◽  
Energy Intensity ◽  
Economic Structure ◽  
Energy Structure ◽  
Intensity Effect ◽  
Entire Energy ◽  
Key Factor ◽  
Main Factors

Analyzing the driving factors of regional carbon emissions is important for achieving emissions reduction. Based on the Kaya identity and Logarithmic Mean Divisia Index method, we analyzed the effect of population, economic development, energy intensity, renewable energy penetration, and coefficient on carbon emissions during 1990–2016. Afterwards, we analyzed the contribution rate of sectors’ energy intensity effect and sectors’ economic structure effect to the entire energy intensity. The results showed that the influencing factors have different effects on carbon emissions under different stages. During 1990–2000, economic development and population were the main factors contributing to the increase in carbon emissions, and energy intensity was an important factor to curb the carbon emissions increase. The energy intensity of industry and the economic structure of agriculture were the main factors to promote the decline of entire energy intensity. During 2001–2010, economic growth and emission coefficient were the main drivers to escalate the carbon emissions, and energy intensity was the key factor to offset the carbon emissions growth. The economic structure of transportation, and the energy intensity of industry and service were the main factors contributing to the decline of the entire energy intensity. During 2011–2016, economic growth and energy intensity were the main drivers of enhancing carbon emissions, while the coefficient was the key factor in curbing the growth of carbon emissions. The industry’s economic structure and transportation’s energy intensity were the main factors to promote the decline of the entire energy intensity. Finally, the suggestions of emissions reductions are put forward from the aspects of improving energy efficiency, optimizing energy structure and adjusting industrial structure etc.

Impact of Foreign Capital on Economic Development in India: An Econometric Investigation

2017 ◽  
Vol 18 (3) ◽  
pp. 766-780 ◽  
Author(s):  
Kalpana Sahoo ◽  
Narayan Sethi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Capital ◽  
Negative Impact ◽  
Positive Impact ◽  
Private Investment ◽  
Series Data ◽  
Domestic Investment ◽  
Long Run ◽  
Foreign Private Investment

The present study empirically investigates the long-run causal relationship between foreign capital and economic development in India by using the annual time-series data from 1990–1991 to 2013–2014. The study uses some selected macroeconomic variables such as per capita government expenditure on education (PcGEE, as an indicator of economic development), gross domestic product (GDP, as an indicator of economic growth), gross capital formation (GCF, as an indicator of domestic investment), official development assistance (ODA, as an indicator of foreign official inflows) and foreign direct investment (FDI, as an indicator of foreign private investment) for its empirical analysis. By using the cointegration test and the vector vector-error correction model (VECM) technique, this study finds that in the long run, domestic investment has shown a significant and positive impact on economic development, whereas, ODA, FDI and GDP have shown a significant negative impact on it. It concludes that domestic investment, foreign capital along with economic growth have a significant impact on economic development in India in long run. It suggests that the national developmental policy of India should focus on the productive utilization of both domestic and foreign capital along with it should give emphasis on effective transformation of growth benefits towards development process.

scholarly journals An Attempt to Assess the Quantitative Impact of Institutions on Economic Growth and Economic Development

2014 ◽  
Vol 38 (1) ◽  
pp. 7-30
Author(s):  
Mariusz Próchniak
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Empirical Analysis ◽  
Economic Freedom ◽  
Institutional Environment ◽  
Positive Impact ◽  
Policy Implications ◽  
Regression Equations ◽  
Solow Model ◽  
The Impact

Abstract This study aims at assessing to what extent institutional environment is responsible for worldwide differences in economic growth and economic development. To answer this question, we use an innovative approach based on a new concept of the institutions-augmented Solow model which is then estimated empirically using regression equations. The analysis covers 180 countries during the 1993-2012 period. The empirical analysis confirms a large positive impact of the quality of institutional environment on the level of economic development. The positive link has been evidenced for all five institutional indicators: two indices of economic freedom (Heritage Foundation and Fraser Institute), the governance indicator (World Bank), the democracy index (Freedom House), and the EBRD transition indicator for post-socialist countries. Differences in physical capital, human capital, and institutional environment explain about 70-75% of the worldwide differences in economic development. The institutions-augmented Solow model, however, performs slightly poorer in explaining differences in the rates of economic growth: only one institutional variable (index of economic freedom) has a statistically significant impact on economic growth. In terms of originality, this paper extends the theoretical analysis of the Solow model by including institutions, on the one hand, and shows a comprehensive empirical analysis of the impact of various institutional indicators on both the level of development and the pace of economic growth, on the other. The results bring important policy implications.

scholarly journals Regulatory mechanisms of the tax policy

2019 ◽  
Vol 34 (4) ◽  
pp. 18-25
Author(s):  
M. Ruban
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Tax Policy ◽  
Intangible Assets ◽  
Innovation Process ◽  
Large Degree ◽  
Regulatory Mechanisms ◽  
Total Output ◽  
The European Union ◽  
The Creation

In this article we justified the priority directions for the regulatory mechanism’s development, considering the importance to foster economic growth to increase the fiscal efficiency. We evaluated the level of taxation in Ukraine and the European Union. We found out that the tax structure has a significant impact on economic growth. Corporate tax is particularly harmful for economic growth, because affects the investment behavior of corporations that are making a significant contribution to total output. Taxes on labor have a greater negative effect on growth than the taxes on consumption because they are in progressive to a large degree, as well as they tax income from savings and investments. Our investigation showed that advanced economies more actively used the regulatory mechanisms of tax policy to stimulate new research and development, to increase investment in science-intensive production sectors. We propose the statements for introducing an investment tax credit on R&D, which is given at the initial stage of the innovation process and is calculated based on the amount of investment in the creation of qualified tangible and intangible assets, reducing the amount of actually accrued tax, which would stimulate capital investments in science-intensive sectors of the economy; an investment deduction of expenditures on R&D, which is calculated as a percentage from the sum of the actual or estimated costs for the creation, acquisition, or reconstruction of certain qualified types of tangible and intangible assets. In the survey a balanced approach to the tax policy in order to create financial conditions to counteract import expansion and to stimulate domestic export-oriented manufacturers is presented. Moreover, we proposed the tax incentives for the institutional motivational mechanism to stimulate economic development based on the innovative-investment approach, which would comply with the basic principles and guidelines of the advanced economic development.

scholarly journals CONCEPTUAL MODEL OF INNOVATIVE ECONOMIC DEVELOPMENT

2021 ◽  
pp. 7-12
Author(s):  
Elena Kovalenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Conceptual Model ◽  
Innovation Policy ◽  
Current System ◽  
Innovation Activity ◽  
Innovative Development ◽  
Current Crisis ◽  
Innovative Economy ◽  
Sustainable Economic Growth

The article emphasizes that Ukrainian government must choose the way of widespread innovation and building a competitive state. Increasing the competitiveness of Ukraine is possible only providing the establishing of innovative development mechanisms and technological improvement of the national economy. The main obstacles of Ukraine's transition to an innovative model of development have been identified. Innovation processes in the economy have not gained significant scale, the number of enterprises implementing innovations is decreasing every year and today is 12-14 %, which is 3-4 times less than in innovative economies countries. It is concluded that the intensive development of innovation in modern conditions provides a basis for sustainable economic growth, which provides an opportunity to argue about the innovative type of economic development in contrast to the stagnant, evolutionary, extensive. The course for innovative development in Ukraine determines the transition of the economy to a new qualitative state. It is proved that in the current crisis situation in Ukraine, there is a problem to develop a model of sustainable economic growth, the solution of which will be the basis for a qualitatively new type of economic development. The qualitative characteristic of innovative economy and principles of its full-fledged effective functioning are resulted. The current system and level of financing of innovation activity in Ukraine, which requires both qualitative and quantitative changes, introduction of state and non-state financial methods aimed at intensification of innovation activity are analyzed. The necessity of transition to the innovative economy has been substantiated, which will give an opportunity not only to bring Ukraine's economy out of crisis, but also to accelerate economic growth, which will ensure further stable socio-economic development of society. A conceptual model of innovative economic development is proposed. The role of State innovation policy in Ukraine is defined, which would ensure the creation of socio-economic, organizational and legal conditions for the effective reproduction, development and use of the scientific and technical potential of the country.

scholarly journals Corruption and Growth: Evidence from the Italian regions

2012 ◽  
Vol 1 (2) ◽  
pp. 126 ◽  
Author(s):  
Nadia Fiorino ◽  
Emma Galli ◽  
Ilaria Petrarca
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Government Expenditure ◽  
Public Expenditures ◽  
Potential Bias ◽  
Income Differentials ◽  
Italian Regions ◽  
Dynamic Growth ◽  
The Impact

This paper investigates the impact of corruption on economic growth in the Italian Regions. We estimate a dynamic growth model for the period 1980-2004 addressing both the potential bias of the measures of corruption and the endogeneity between corruption and economic development. We find strong evidence of a negative correlation between corruption and growth. Moreover, since government intervention has been traditionally used to reduce income differentials between the Northern and the Southern regions, we also analyze the interaction between corruption and government expenditure. Our results indicate that corruption undermines the positive impact that public expenditures have on economic growth.

scholarly journals MODERN APPROACHES TO ASSESSMENT INFRASTRUCTURAL EFFECTS OF ECONOMIC GROWTH

2020 ◽  
Vol 1 (5) ◽  
pp. 270-276
Author(s):  
O.Yu. Patrakeeva ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Labor Productivity ◽  
Mobile Communications ◽  
Large Scale ◽  
Positive Impact ◽  
Economic Effects ◽  
Infrastructure Projects ◽  
External Effects ◽  
Per Capita

Infrastructure provides stimulus to the national and region economy. This paper develops theoretical and practical framework for estimating the economic effects generated from infrastructure. Its three types are considered: roadway, railway, and telecommunications. The hypothesis is that the infrastructure has a positive impact on regional economic development and there are spatial external effects. Estimation showed that road and telecommunications have a positive impact on economic development for Russia, and their external effects also appear. The contribution of railways to increasing labor productivity was insignificant for western and eastern regions. At the same time, the mobile communications per capita is a significant factor for western and eastern regions. The results indicate the necessity to adjust the strategy aimed at implementation of large-scale interregional infrastructure projects.

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