Macroeconomic stability is an main factor investment attractiveness for sustainable economic growth in Uzbekistan

2019 ◽  
Vol 2 (2) ◽  
pp. 65-76
Author(s):  
Iroda Bakiyeva ◽  
Diloromxon Husniddinova ◽  
Iroda Ubaydullayeva ◽  
Sardor Eshonqulov
Keyword(s):  
Economic Development ◽  
Development Models ◽  
Level Of Economic Development ◽  
World Class ◽  
Modern Economic ◽  
High Level ◽  
National Economies ◽  
Sustainable Economic Growth ◽  
Main Factor ◽  
Macroeconomic Stability

The level of economic development of any state largely depends on foreign investment. In Uzbekistan, appropriate measures are being taken in order to interest potential investors to invest in the economy of our republic. But in accordance with the modern  economic development models and to plans have been shown that free trade, liberalization of the national economies, transparency investment policy and cooperation with world class organization like WB, IMF, OPEC, EU, UN, and Bloomberg and etc., give much more advantage to provide sustainable economic prosperity at any regions of the world countries. So, achievements on proper sectors are now not too easy due to very high level of competition. Any foreign investor is extremely careful and seeks to eliminate any risks when investing their capital in any project. It has been requested that iron guarantees that his investments will not only remain safe and sound, but will also bring profit to both sides. The best solution is providing macroeconomic stability with the cooperation and partnership of world initiatives organizations.

Political and Economic Effects on Greenhouse Gas Emissions – a Quantitative Study

2014 ◽  
Vol 10 (2) ◽  
pp. 313-341
Author(s):  
Ole Martin Lægreid
Keyword(s):  
Economic Development ◽  
Linear Relationship ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Separation Of Powers ◽  
Economic Effects ◽  
Gas Emissions ◽  
Middle Income ◽  
Level Of Economic Development ◽  
High Level

AbstractThis study examines whether there is a curve linear relationship between economic development and greenhouse gas emissions, where poor and rich countries have low emissions while middle-income countries have high emissions. This is a controversial argument that suggests that persistent economic growth is the best means for achieving considerable emission reductions. The study contributes with new knowledge about the causes of variations in greenhouse gas emissions, by analyzing data for greenhouse gas emissions and testing economic explanations in relation to a broad array of political explanations. As the study demonstrates, there is a curve linear relationship between the level of economic development and greenhouse gas emissions, but the turning point – where a higher level of economic development starts to produce lower rather than higher emission levels – is far higher than previously thought. Among the study’s sample of countries, only the Scandinavian countries and Switzerland have experienced a sufficiently high level of economic development in order for increased wealth to result in lower emissions. Among the political impacts on greenhouse gas emissions, the study indicates that countries with consensual political systems produce lower emission levels than countries where the separation of powers is more centralized. A more robust “green” civil society leads to lower emissions in countries where the democratic system is functioning well, and ambitious targets regarding reduction of emissions in the Kyoto Protocol also seems to lower emissions.

Measuring urban competitiveness: ranking European large urban zones

2017 ◽  
Vol 10 (5) ◽  
pp. 479-496 ◽  
Author(s):  
Lucía Sáez ◽  
Iñaki Periáñez ◽  
Iñaki Heras-Saizarbitoria
Keyword(s):  
Economic Development ◽  
Related Factors ◽  
Urban Competitiveness ◽  
Content Type ◽  
Basic Dimension ◽  
Level Of Economic Development ◽  
Complex Relationships ◽  
Weighted Aggregate ◽  
High Level ◽  
Practical Implications

Purpose This paper aims to identify the main dimensions that determine the ability of cities to compete as locations for business and hubs for investment which can help policymakers to manage and prioritize urban development strategies. Design/methodology/approach A composite indicator is proposed as a weighted aggregate of sub-indicators for the identified component dimensions (basic, efficiency-related and innovation-related competitiveness). The indicator is used to draw up a ranking of 159 European Large Urban Zones (LUZs) located in 26 EU countries based on 31 indicators, broken down into the three core dimensions of urban competitiveness identified. Findings The dimensions underlying urban competitiveness in relation to the location of firms and attracting investment determine the level of economic development of the LUZs. The most competitive cities in the sample have a high level of economic development, and the innovation dimension is the most significant one for the three groups of cities considered, followed by the efficiency dimension and, to a lesser extent, the basic dimension. Practical implications The findings provide guidance to policymakers on the most relevant dimensions for urban competitiveness. Originality/value This paper contributes to the literature shedding light on the complex relationships between efficiency-related and innovation-related factors with regard to urban competitiveness.

Human Capabilities and Economic Development:The Extreme Outlier Societies

2013 ◽  
Vol 12 (3) ◽  
pp. 361-390
Author(s):  
Robert M. Marsh
Keyword(s):  
Economic Development ◽  
Gender Inequality ◽  
Capabilities Approach ◽  
Political Freedom ◽  
Human Capabilities ◽  
Level Of Economic Development ◽  
High Level ◽  
Extreme Outlier ◽  
The Relationship ◽  
Better Than

Abstract One of the problems Amartya Sen raised in his capabilities approach was: why do people in some societies realize a much lower level of various kinds of human capabilities than would be expected on the basis of their GDP per capita, while other societies do better than expected? This paper focuses on six capabilities and functionings: life expectancy, schooling, living in a society with less income inequality and less gender inequality, political freedom and life satisfaction. Empirically I start with data on 156 societies and use regression analysis and case diagnostics to identify societies that are extreme outliers. These are identified as Singapore, Saudi Arabia and South Africa, each of which does significantly worse than expected (given their relatively high level of economic development) on two or more of the six capabilities. I then use qualitative analysis to specify, through “process-tracing”, the causal mechanisms that explain why these particular societies are so “unbalanced” in the relationship between their economic development and their human capabilities.

INEQUALITY, FDI AND ECONOMIC DEVELOPMENT: EVIDENCE FROM DEVELOPING COUNTRIES

2017 ◽  
Vol 62 (05) ◽  
pp. 1039-1057 ◽  
Author(s):  
MUHAMMAD TARIQ MAJEED
Keyword(s):  
Economic Development ◽  
Estimation Methods ◽  
Host Countries ◽  
Data Set ◽  
Regional Effects ◽  
Specific Effects ◽  
Level Of Economic Development ◽  
Time Specific ◽  
High Level ◽  
The Impact

This paper empirically investigates the impact of Foreign Direct Investment (FDI) on inequality using a panel data set of 65 developing counties. While the existing literature mainly examines the impact of FDI on growth, this study explores the importance of domestic conditions of the host countries in determining the distributional effects of FDI. The results show that the impact of FDI is not homogenous on host countries as FDI inflows exert inequality-narrowing effect only in countries that have stronger investment in human capital, better financial sector and a high level of economic development. While FDI accentuates not ameliorates inequality in countries with low level of economic development, findings of the study are robust to the use of different specifications, different estimation methods, inclusion of regional effects and time specific effects.

scholarly journals FISCAL DECENTRALIZATION AND ECONOMIC GROWTH IN SELECTED EUROPEAN COUNTRIES

2017 ◽  
Vol 18 (4) ◽  
pp. 745-757 ◽  
Author(s):  
Neringa SLAVINSKAITĖ
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Fiscal Decentralization ◽  
Developed Countries ◽  
Panel Model ◽  
Development Level ◽  
Multiple Regression Method ◽  
Level Of Economic Development ◽  
High Level ◽  
The Empirical Analysis

The paper analyses the fiscal decentralization effects on economic growth in unitary countries of European Union for the period 2005–2014. The empirical analysis was based on the multiple regression method. The fixed effect panel model was used as framework for the analysis. In order to examine the different impact of fiscal decentralization, the same analysis was applied to subsets of countries categorized into two groups according to countries’ level of economic development. This further analysis found that there is positive relationship between fiscal decentralization and economic growth in low level of economically developing countries and no relationship in high level of economically developed countries. These results suggested that fiscal decentralization is not always instrument for promotion of economic growth, which means that country’s economic development level is an important factor when introducing reform of fiscal decentralization. The originality of this article – new fiscal decentralization index and evaluated fiscal decentralization level influence for countries economic growth.

scholarly journals European Union Entrepreneurship and Innovativeness Support Policy for Businesses

2012 ◽  
Vol 15 (2) ◽  
pp. 5-29 ◽  
Author(s):  
Zofia Wysokińska
Keyword(s):  
European Union ◽  
Economic Development ◽  
New Technologies ◽  
Technological Development ◽  
Transfer Of Knowledge ◽  
The European Union ◽  
Research And Innovation ◽  
Knowledge Based Economy ◽  
Level Of Economic Development ◽  
Main Factor

The development of entrepreneurship as well as research and innovation have direct impact on growth in the level of economic development as well as the prosperity of individual citizens and society in general. The primary goal of policies involving research and technological development is establishing the European Union as a leading knowledge–based economy. Innovativeness is also the main factor in improving the competitiveness of companies. The key to improving the economic situation in Poland is the strengthening of innovative attitudes among entrepreneurs. An efficiently running institutional system guaranteeing effective support instruments for entrepreneurs and the scientific–research sphere as well as guaranteeing the unhindered transfer of knowledge should prove helpful. As the main factor in improving the competitiveness of companies, innovativeness is mainly the result of the development of collaboration between the spheres of science and business as well as the use of patent achievements in companies. The drive behind future growth in the European Union will be sectors based on knowledge and innovation. However, these require a solid industrial network and resources allowing the utilization of new technologies. To a great extent, growth in entrepreneurship and innovativeness as significant factors in the economic development of Europe and Poland is dependent on the elimination of administrative barriers for companies and the introduction of the facilitating of information and communication (ICT) as needed for them to function.

scholarly journals ANALISIS KETIMPANGAN PEMBANGUNAN EKONOMI DAN KETIMPANGAN DISTRIBUSI PENDAPATAN DI PROVINSI KALIMANTAN SELATAN (STUDI KASUS KOTA BANJARMASIN DAN KABUPATEN TANAH BUMBU)

2019 ◽  
Vol 2 (2) ◽  
pp. 67-76
Author(s):  
Martin Vegarika Suntari ◽  
Ahmad Yunani
Keyword(s):  
Economic Development ◽  
Income Distribution ◽  
Secondary Data ◽  
Analysis Tool ◽  
Goods And Services ◽  
Comparison Results ◽  
Level Of Economic Development ◽  
Provincial Capital ◽  
And Migration ◽  
High Level

Abstract - This study aims to find out how the level of economic development inequality and the inequality of income distribution in Banjarmasin City and Tanah Bumbu Regency, and how the comparison of the economic development inequality and the inequality of income distribution in that two regions. This study uses secondary data from the period of 2013-2017. The data is obtained from BPS. The analysis of inequality level of economic development using Williamson index, and analyzing the inequality of income distribution using the index gini ratio. The comparison results of Williamson index and the gini ratio index during 2013-2017 found that each analysis tool had different results. So that, it can be explained that the inequality level of regional economic development in the Tanah Bumbu Regency area with an average of 0.171 occurred due to the economy which relies on natural resources (mining and excavation), the mobility of goods and services is not smooth (distribution of goods and migration). However, the level of inequality in income distribution is low with an average of 0.312. It is because the depreciation of people's work is not much different, so that the income distribution is more evenly distributed. The inequality of economic development in Banjarmasin city is low with an average of 0.021. It occurs because the Banjarmasin city is the center of economy activities in the Province of South Kalimantan (the provincial capital). Banjarmasin city has the better infrastructure availability than other regions. In contrary, the inequality level of income distribution is in high level with an average of 0.354. It occurs because of the differences in types of work and skills of people in Banjarmasin. In addition, it also occurs becauce Banjarmasin City has a small area so that there is an inequality in income distribution.   Keywords: Williamson Index, and Gini Ratio Index.

scholarly journals The System of Intergovernmental Relations: are there any Incentives for Economic Development

Federalism ◽  
2021 ◽  
pp. 80-99
Author(s):  
L. N. Lykova
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Intergovernmental Relations ◽  
Value Chains ◽  
Tax System ◽  
Tax Revenues ◽  
Level Of Economic Development ◽  
The Russian Federation ◽  
High Level ◽  
Income Concentration

In the last decade, the system of inter-budgetary relations has undergone some changes, which  were  mainly  of  a  partial  nature.  The  result  is  an  established  model  with  a significant  and  non-decreasing  number  of  subsidized  regions,  a  high  level  of  income concentration, and subfederal budgets that differ significantly in the degree of income base diversification. At the same time, if half of the regions have an insufficient level of economic development to finance the necessary expenditures (relative to GRP), then for the other half this level is quite sufficient within the GRP potential, but the current tax system and the procedure for distributing tax revenues do not allow this, which requires replacing tax revenues with federal transfers. This model does not generate intention in supporting economic growth and economic activity in the regions and deprives them of incentives for development. The way out of this situation may be to take into account the formed macro-trends (changes in the place of the hydrocarbon economy, the place in the value chains, etc.) in the formation of an explicitly asymmetric model of intergovernmental relations, which may allow us to use the intention in economic development at the level of the subjects of the Russian Federation.

THE ECONOMIC HUMAN MODEL AND ITS ROLE IN STUDYING MODERN SOCIAL PROCESSES

2021 ◽  
Vol 1 (4) ◽  
pp. 26-33
Author(s):  
T. V. NAUMENKO ◽  
Keyword(s):  
Economic Development ◽  
Great Influence ◽  
Human Model ◽  
Homo Economicus ◽  
Culturally Specific ◽  
National Cultures ◽  
Life Planning ◽  
High Level ◽  
National Economies

The problem of the model of an economic person in modern scientific theory occupies an essential place. Post-nonclassical science, focusing its attention on the subject of scientific research, puts at the center of research the influence of a person on all processes of society, including economic ones. The influence of the human factor and the factor of culture on the economy is studied by many modern economists in order to identify the most general patterns of functioning of national cultures and national economies. The article proposes a culturological interpretation of the model of an economic person on the basis of ethnometric parameters developed by the Dutch sociologist G. Hofstede, provides evidence of the need to build new models of a person in the economy, taking into account the culturally specific characteristics of nations, and also substantiates the thesis existing in modern humanities about the influence of culture on the economy. The homo economicus model of man is one of the most widespread and most debated. At the same time, in the scientific space, the model of the economic person is assigned a crucial role for achieving the prosperity of nations. At the same time, the thesis that in economics culture has a meaning that has a great influence on the study of models of an economic person from the standpoint of culturological science and sociology becomes important. Ethnometric indices developed by G. Hofstede allow for a correlation analysis between such cultural indicators as a high level of individualism, dominance of masculine values, and a long-term period of life planning and satisfaction of one's desires, combined with a low power distance and lack of fear of change, help to achieve a high economic development of the nation. Despite the belief of many sociologists and economists that the possession of these characteristics leads to the prosperity of the nation, none of the developed European countries, based on the results of their development, confirms the conclusion about such a correspondence. In this regard, it seems correct to abandon the construction of a universal model of a person in the economy and focus on the culturally specific characteristics of individual nations with their potential for economic development. The toolkit developed by G. Hofstede undoubtedly has a high heuristic potential in the study of the relationship and interdependence of culture and economy, but it is also obvious that the universalization of the model of an economic person is possible only in theory, and in the case of practical application, it deviates to some extent from the ideal model. due to the peculiarities of national cultures, which have a significant impact on the economic prosperity of nations.

scholarly journals SUSTAINABLE DEVELOPMENT DETERMINANTS OF AN INFORMATION SOCIETY: CASE STUDY OF NATIONAL ECONOMIES

2019 ◽  
Vol 20 (3) ◽  
pp. 21-33
Author(s):  
Yevhenii Alimpiiev ◽  
Stanislav Dubikovsky ◽  
Volodymyr Tokar
Keyword(s):  
Economic Development ◽  
Economic Security ◽  
Group Method ◽  
Information Economy ◽  
Social And Economic Development ◽  
High Employment ◽  
Employment Rates ◽  
High Level ◽  
National Economies ◽  
Implementation Of Innovations

We analyze social-economic models of countries with developed information econ¬omies using group method of data handling. We identified the determinants of optimal model for social and economic development of countries with developed information societies. The experience of countries with developed information economy show that their success and high level of competitiveness rely on adequate determination of prospective development direc¬tions and effective implementation of innovations in production. Countries-leaders by IT-in¬dustry, show higher indicators of competitiveness and living standards. The high employment rates guarantee the dynamic economy and civil society. Implementing strategies for social and economic development of countries with developed information economy maximally ensure the protection of national economic interests. Therefore, the models for sustainable social and economic development objectively form the basis of economic security.

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