PUBLIC PROCUREMENT AS A TOOL OF MACROECONOMIC POLICY (BASED ON THE MODEL OF «AGGREGATE DEMAND – INFLATIONARY ADJUSTMENT» AD-IA)

2020 ◽  
Vol 13 (4) ◽  
pp. 171-182
Author(s):  
I.Yu. Fedorova ◽  
◽  
S.M. Matevosyan ◽  
M.S. Rachek ◽  
◽  
...  
Keyword(s):  
Gross Domestic Product ◽  
Public Procurement ◽  
Aggregate Demand ◽  
Domestic Product ◽  
Domestic Consumption ◽  
Net Exports ◽  
Keynesian Model ◽  
Reverse Situation ◽  
The Russian Federation ◽  
The Relationship

The article considers the application of the Keynesian model of aggregate demand – inflationary adjustment on the example of data analysis of changes in the macroeconomic parameters of the economic development of the Russian Federation. It describes and proves the relationship between the level of gross domestic product, total domestic consumption, investment and net exports due to changes in the amount of public procurement in different periods. The theoretical justifications for the model’s action due to changes in the inflationary setting are revealed, and the assumption about changes in inflation due to changes in the gross domestic product is expressed and verified (the reverse situation). The theoretical conclusions are supported by appropriate graphical methods of presenting information for greater clarity.

Trends of Private Consumption in the Restructuring of China’s Economy

2015 ◽  
Vol 07 (04) ◽  
pp. 52-64
Author(s):  
Chien-Hsun CHEN
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Private Consumption ◽  
Decisive Role ◽  
Domestic Product ◽  
Domestic Consumption ◽  
Labour Income ◽  
Rapid Economic Growth ◽  
Labour Share ◽  
China’S Economy

The benefits deriving from rapid economic growth have chiefly accrued to capital returns. Consequently, the decline in the share of Chinese gross domestic product (GDP) accounted for by labour income has been most pronounced. To sustain growth, China will have to ensure robust consumption. Increasing the labour share in GDP and hence promoting domestic consumption will play a decisive role in rebalancing China’s economy.

Abstract P360: Hypertension Treatment Rates And Health Worker Density: An Analysis Of Worldwide Data

Circulation ◽  
2014 ◽  
Vol 129 (suppl_1) ◽  
Author(s):  
Rajesh Vedanthan ◽  
Mondira Ray ◽  
Valentin Fuster ◽  
Ellen Magenheim
Keyword(s):  
Gross Domestic Product ◽  
Health Worker ◽  
World Bank ◽  
Domestic Product ◽  
Hypertension Treatment ◽  
Treatment Rate ◽  
Capita Gross Domestic Product ◽  
The World ◽  
Per Capita ◽  
The Relationship

Introduction: Hypertension is the leading global risk for mortality and its prevalence is increasing in many low- and middle-income countries. Hypertension treatment rates are low worldwide, potentially in part due to insufficient human resources. However, the relationship between health worker density and hypertension treatment rates is unknown. Objective: To conduct an econometric analysis of the relationship between health worker density and hypertension treatment rates worldwide. Methods: Hypertension treatment rates were collected from published reports between 1980 and 2010. Data on health worker (physician and nurse) density were obtained from the World Health Organization (WHO). Data for potential confounding variables--per capita gross domestic product, hospital bed density, burden of infectious diseases, land area and urban population--were obtained from WHO and World Bank databases. Potential interaction by per capita gross domestic product was evaluated. Multivariable logistic-logarithmic regression analysis was performed using Stata. Results: Full data were available from 146 countries spanning all World Bank income classification categories. Health worker density was significantly associated with hypertension treatment rate in the unadjusted model (beta = 0.23; p < 0.005). In the fully adjusted model, the association remained positive but was not statistically significant (beta = 0.30; p = 0.078) (Figure). Hypertension treatment rates were more strongly related to physician than nurse density (beta = 0.21 vs 0.08; p = 0.10 vs 0.49). Conclusion: Hypertension treatment rates across the world appear to be related to health worker density, although the relationship does not achieve strict statistical significance. Our results suggest that a 10% increase in health worker density is associated with a 2-3% increase in hypertension treatment rate. Given the global burden of hypertension and other chronic diseases, WHO guidelines for health workforce staffing may need to be reconsidered.

scholarly journals The Market’s Maturity for Public Procurement of Circular Furniture: A Study from Latvia

2021 ◽  
Vol 1 (15) ◽  
pp. 242-250
Author(s):  
Jana Simanovska ◽  
Inese Pelsa
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Circular Economy ◽  
Public Procurement ◽  
Important Task ◽  
Domestic Product ◽  
The European Union ◽  
Material Efficiency ◽  
Survey Results

Public procurement plays an important role in the market by making up 14% of the Gross Domestic Product in the European Union, therefore it is seen as an important instrument to promote such products and services that better meet society’s demands, for example, sustainability. Starting from 2015, circularity is an important aspect of sustainability. Furniture is among the product groups with a significant impact on the material footprint, therefore approaches to increase material efficiency and circularity are of high value. With this research, the authors investigate the market’s maturity, i.e. the readiness of suppliers to offer circular furniture and services, as well as the readiness of municipalities to uptake it. 20 companies and 27 municipalities took part in the survey. Results show that the surveyed companies currently are more ready to offer more circular products and services than municipalities require in the procurement tenders. Most surveyed municipalities are maintaining and repairing the furniture by themselves that is a circular approach but without outsourcing. The market consultation before the tendering could help to understand the market abilities better and lead to more circular purchasing contracts. This is an important task considering the importance of public procurement in promoting a circular economy.

scholarly journals An analysis of the relationship of inflation and unemployment to the gross domestic product (gdp) in zimbabwe

2014 ◽  
Vol 1 (3) ◽  
pp. 156-162
Author(s):  
Tendai Makoni
Keyword(s):  
Time Series ◽  
Gross Domestic Product ◽  
Cointegration Test ◽  
Domestic Product ◽  
Long Run ◽  
Causality Tests ◽  
Granger Causality Tests ◽  
Relationship Of ◽  
The Relationship ◽  
Yearly Data

The time series yearly data for Gross Domestic Product (GDP), inflation and unemployment from 1980 to 2012 was used in the study. First difference of the logged data became stationary as suggested by the time series plots. Johansen Maximum Likelihood Cointegration test indicated a long-run relationship among the variables. Granger Causality tests suggested unidirectional causality between inflation and GDP, implying that GDP is Granger caused by inflation in Zimbabwe. Another unidirectional causality was noted between unemployment and inflation. The causality between unemployment and inflation imply that unemployment do affect GDP indirectly since unemployment influences inflation which in turn positively affect GDP.

The Relationship Between Climate Change and Financial Stability

2021 ◽  
pp. 118-133
Author(s):  
Joan Mwihaki Nyika
Keyword(s):  
Climate Change ◽  
Risk Management ◽  
Gross Domestic Product ◽  
Financial Stability ◽  
Domestic Product ◽  
Financial Systems ◽  
Financial Firms ◽  
Climate Risk Management ◽  
Liability Risks ◽  
The Relationship

Climate change is the greatest challenge of the modern day with the capacity to destabilize global financial systems and socioeconomic welfare. This chapter explores the uncertainties posed by climate change, its effects on the economy, the risks associated with the phenomenon, and approaches to manage them through risk management. Using documented evidence, climate change is shown to result in gross domestic product reductions; physical, transition, and liability risks that result to systemic financial problems characterized by liquidation of companies, losses for, and closure of financial firms and their intermediaries; and inability of investors to pay debts. Climate risk management is proposed as a solution to adapt to climate change and reduce its associated risks.

scholarly journals Economic Crisis in Europe: Panel Analysis of Inflation, Unemployment and Gross Domestic Product Growth Rates

2017 ◽  
Vol 9 (10) ◽  
pp. 145 ◽  
Author(s):  
Bibi Rouksar-Dussoyea ◽  
Ho Ming-Kang ◽  
Raja Rajeswari ◽  
Benjamin Chan Yin-Fah
Keyword(s):  
Gross Domestic Product ◽  
Growth Rates ◽  
Fixed Effects ◽  
Domestic Product ◽  
Panel Analysis ◽  
Causality Test ◽  
Data Set ◽  
Gross Domestic Product Growth ◽  
European Crisis ◽  
The Relationship

This panel analysis study is conducted to examine the relationship between inflation rates (CPI) and unemployment rates (HUR) with the Gross Domestic Product growth rates (GDP), before and after the 2008 European crisis. Quarterly data for 18 consecutive years and six sample countries from Europe (Austria, France, Germany, Greece, Hungary and United Kingdom) have been considered in the panel. In order to get a more profound understanding of the impacts of the European crisis on the relationship between the variables, the panel data set has been classified into 3 separate panels, such that Panel 1 (1999Q1-2007Q4) represents before-crisis panel, Panel 2 (2008Q1-2016Q4) represents the during/after crisis panel and lastly, Panel 3 (1999Q1-2016Q4) represents the long-run panel. Panel 1 is subject to the Fixed Effects with LSDV model, whereby four out of the six countries are significant, and CPI and HUR are insignificant predictors of the GDP. Both Panel 2 and Panel 3 are subject to the Two-way Random Effects model, whereby both CPI and HUR have negative significant effect on GDP. Granger Causality test has also been carried out to determine whether causality is present among variables, based on each panel.

War Making and the Building of State Capacity: Expanding the Bivariate Relationship

2017 ◽  
Author(s):  
Karen A. Rasler ◽  
William R. Thompson
Keyword(s):  
Gross Domestic Product ◽  
Empirical Analysis ◽  
State Capacity ◽  
Point Of View ◽  
Regime Type ◽  
Domestic Product ◽  
Data Set ◽  
Representative Data ◽  
The Relationship ◽  
Do So

A central cleavage in the war making-state making literature is between advocates of the notion that warfare has been the principal path to developing stronger states and critics who argue that the relationship no longer holds, especially in non-European contexts. It is suggested that the problem is simply one of theoretical specification. Increasingly intensive warfare, as manifested in European combat, made states stronger. Less intensive warfare, particularly common after 1945, is less likely to do so. Empirical analysis of a more representative data set on state capacity (revenues as a proportion of gross domestic product [GDP]), focusing on cases since 1870, strongly supports this point of view. The intensiveness of war is not the only factor at work—regime type and win/loss outcomes matter as well—but the relationship does not appear to be constrained by the level of development.

The Causal Links Between Foreign Direct Investment And Economic Growth In Pakistan

2012 ◽  
Vol 6 ◽  
Author(s):  
Najid Ahmad ◽  
Muhammad Farhat Hayat ◽  
Muhammad Luqman ◽  
Shafqat Ullah
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Domestic Product ◽  
Correction Model ◽  
Economic Progress ◽  
Long Run ◽  
Domestic Capital ◽  
The Relationship

This paper investigates the relationship between foreign direct investment and economic growth in Pakistan. The co-integration and error correction model is used to show the relationship between foreign direct investment and gross domestic product in Pakistan. Gross domestic product is taken as dependent variable while foreign direct investment, labor force and domestic capital as independent variables. The results suggest that there is a positive relation between foreign direct investment and gross domestic product in short as well as long run. If we want to make economic progress then there is a need to invite foreign investors because foreign direct investment increases GDP that is economic growth.

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