scholarly journals Understanding review of economic loss due to government policy respond to the COVID-19 disruption in Indonesia

2021 ◽  
Vol 4 (1) ◽  
pp. 180-188
Author(s):  
Muhammad Sholahuddin ◽  
Sardjana Orba Manullang ◽  
Dyana Sari
Keyword(s):  
Economic Growth ◽  
Consumer Behavior ◽  
Government Policy ◽  
National Economy ◽  
Economic Impacts ◽  
Economic Loss ◽  
Government Policies ◽  
Economic Sectors ◽  
Research Questions ◽  
The Impact

The emergence of the Coronavirus (COVID-19) pandemic followed by its aftermath has left a disaster for various lives and business activities. The impact of COVID-19 on the economy is a consequence of the national policies of each country in reducing the number of suspected victims of the COVID-19 pandemic. This paper aimed to understand the scenario of economic disruption in Indonesia due to a pandemic, which includes various economic sectors, including the weakening of the money cycle, increasing unemployment, supply of goods, changes in consumer behavior, scarcity, economic growth, and policies, stability. In collecting data, this study first mapped the theoretical impact of the national economy from the emergence of a pandemic. Next, we reviewed other evidence relevant to mapping to understand the causes and how economic impacts occur. Finally, we get an understanding of how economic disruption is, the impact of COVID-19 and an explanation of the disruption caused by government policies to combat the spread of COVID-19. These findings are scientifically valid and reliable because they have answered research questions in accordance with the plan of this study.

scholarly journals The Effect of Government Policy on Housing Delivery in Nigeria: A Case Study of Port Harcourt Low Income Housing Programme

2015 ◽  
Vol 61 ◽  
pp. 87-98 ◽  
Author(s):  
John Owuike Iheme ◽  
James Bassey Effiong ◽  
Samuel Bassey Ekung
Keyword(s):  
Low Income ◽  
Government Policy ◽  
Income Group ◽  
Mortgage Market ◽  
Government Policies ◽  
Survey Method ◽  
Related Factors ◽  
High Interest Rate ◽  
Housing Needs ◽  
The Impact

Housing is one of the most important needs of individuals next to food and clothing. Housing needs for low income earners has reached an alarming stage in Nigeria. On the supply side, numerous government policies have earlier aimed at disabling the massive shortage through numerous housing reform programmes. Despite these preceding efforts, housing remains an illusion to an average Nigerian. This research assessed the effect of government policy on housing delivery in Nigeria. The objectives were to determine housing needs of the low income group in Nigeria and to determine the impact of government policies on affordable housing provision to the low income group. Survey method was used to collect data from 44 respondents through the administration of questionnaires which was analyzed with statistical tools. The findings from the study shows that insufficient fund is closely related to other finance related factors identified as barriers to the accessibility of public housing by the low income group who are non-public servants. Such factors as high interest rate, low per capita income, lack of security of income, lack of collateral and high cost of public houses. The study suggest the creation of a viable secondary mortgage market, improvement of land registration and allocation, compassionate urban renewal programmes, cost saving house designs amongst others.

scholarly journals Assessing the impact of explosive eruptions of Fogo volcano (São Miguel, Azores) on the tourism economy

2021 ◽  
Vol 21 (1) ◽  
pp. 417-437
Author(s):  
Joana Medeiros ◽  
Rita Carmo ◽  
Adriano Pimentel ◽  
José Cabral Vieira ◽  
Gabriela Queiroz
Keyword(s):  
Economic Impact ◽  
Economic Loss ◽  
Volcanic Hazards ◽  
Plinian Eruption ◽  
Explosive Eruptions ◽  
Density Currents ◽  
Economic Sectors ◽  
Worst Case ◽  
The Impact ◽  
Fogo Volcano

Abstract. The Azores are an active volcanic region that offers exceptional conditions for nature-based tourism, one of the main axes of economic growth in the archipelago. A future volcanic eruption may have long-term consequences to this economic sector. Therefore, it is fundamental to assess its vulnerability to volcanic hazards in order to try to mitigate the associated risk. This study proposes a new approach to assessing the economic impact of explosive eruptions on the tourism sector. We considered two eruptive scenarios for Fogo volcano (São Miguel Island), the most probable (Volcanic Explosivity Index, VEI, 4 sub-Plinian eruption) and the worst-case (VEI 5 Plinian eruption), both producing tephra fallout and pyroclastic density currents. The results of numerical simulations were overlaid with tourism-related buildings and infrastructure of Vila Franca do Campo municipality to identify the elements at risk. The loss present value method was used to estimate the benefits generated by the accommodation units over 30 years for different economic scenarios. The assessment of the economic impact using 2018 indicators reveals that in a near-total-destruction scenario, the economic loss is approximately EUR 145 million (considering a 2 % discount rate). This approach can also be applied to other volcanic regions, geologic hazards and economic sectors.

Breakthrough Technologies: New Directions in Economic and Social Development

2021 ◽  
Vol 26 (11) ◽  
pp. 1227-1235
Author(s):  
V. D. Ardzinov ◽  
N. V. Chepachenko ◽  
A. A. Leont’ev
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Growth And Development ◽  
Industrial Revolution ◽  
New Technologies ◽  
Technological Development ◽  
Managerial Decision ◽  
Russian Economy ◽  
The Impact

The presented study examines the comparative characteristics of industrial revolution targets, national goals, and strategic objectives for the development of the Russian economy; proposes methods for measuring and evaluating technological development; describes its impact on economic growth and shows the performance of enterprises.Aim. The study aims to determine the specific features of formation of economic and social development targets and the potential of new technologies, including breakthrough technologies, for shaping the technological development of the Russian economy; to propose methods for measuring and evaluating technological development and its impact on the growth and development of the national economy that would improve the quality of economic and managerial decision-making.Tasks. The authors clarify the interpretation of the concept of breakthrough technologies; identify distinctive features in the formation of industrial revolution targets and priority targets for the development of the Russian economy; substantiate methodological approaches to identifying parameters and indicators, methods for measuring and evaluating the level of technological development, its impact on the results of changes in economic growth and development of the national economy and its economic entities.Methods. The authors use the methods of scientific research, theoretical and comparative analysis, synthesis, generalization, general theory of economic growth, and elements of the economic efficiency theory.Results. The interpretation of breakthrough technologies as dominant new technologies that can ensure accelerated progressive development of the economy and minimize damage to the natural environment is clarified. The distinctive features of formation of industrial revolution targets and their relationship with the targets for the development of the Russian economy are identified. Evaluative features are substantiated; indicators for measuring and evaluating the transformation of the technological development of enterprises engaged in different activities and indicators for measuring and evaluating the impact of new technologies, including breakthrough technologies, on economic growth and development are proposed. The influence of the recommended measurement and evaluation methods on improving the quality of management decisions is shown.Conclusions. The study substantiates the need to improve methods for assessing the actual achieved (projected, planned) level of technological development as a necessary prerequisite for its qualitative analysis, evaluation, control, and monitoring required to make sound economic and managerial decisions. The proposed methods for measuring and evaluating technological development, measuring and evaluating the impact of new technologies, including breakthrough technologies, on the quality of economic growth, efficiency and competitiveness of the national economy (region, industry, activity, enterprises) improve the quality of managerial decision-making in achieving national goals for the development of the national economy.

scholarly journals Assessment of the influence of FDI on the economic growth of the host country: evidence from Kazakhstan

2020 ◽  
Vol 159 ◽  
pp. 06007
Author(s):  
Dinara Rakhmatullayeva ◽  
Iliyas Kuliyev ◽  
Zhaksylyk Beisenbaiyev ◽  
Talgat Tabeyev
Keyword(s):  
Economic Growth ◽  
Regression Model ◽  
Host Country ◽  
National Economy ◽  
Positive Relationship ◽  
Negative Impact ◽  
Multiple Regression Model ◽  
Fdi Inflows ◽  
Simulation Results ◽  
The Impact

The article examines the impact of FDI inflows on the economic growth of the host country, using the Kazakhstan economy as an example. The authors attempted to assess the impact of FDI using a multiple regression model. As a measure of economic growth, Kazakhstan’s GDP data for the period 2000-2017 was used. The simulation results didn’t reveal the negative impact of FDI on economic growth, but the analysis revealed that the presence of a positive relationship is not essential for assessing the growth of the national economy.

scholarly journals ANALISIS DAMPAK FASILITAS PEMBIAYAAN DENGAN PRODUK “QARDHUL HASAN UMKM” TERHADAP PENINGKATAN PENDAPATAN USAHA UMKM BINAAN EL-ZAWA UIN MALIKI MALANG

IQTISHODUNA ◽  
2017 ◽  
Vol 13 (1) ◽  
pp. 36-42
Author(s):  
Muhammad Nurul Hamdi ◽  
Latifah Safitri Handayani ◽  
Evi Nurjanah
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Labour Force ◽  
Economic Recovery ◽  
National Economic ◽  
History Of ◽  
Small Medium Enterprises ◽  
Medium Enterprises ◽  
The Impact

Abstract: Nowadays, stretching the entrepreneurial communitiy is quite dominate in Indonesia. Evident fromhis contributions in the history of the national economy are quite significant in 1998, Small Medium Enterprisescan be seen as the saviour of the valve in the process of national economic recovery, both in pushing the paceof economic growth as well as the absorption of labour. Based on the data of the Ministry of cooperatives andSMEs in 2012, Small Medium Enterprises sector is the sector with the largest economy with a national economicprosentasi the involvement of the offender of 99.99%. The sector absorbs the 97.15% of the labour force inIndonesia, and contributing to GDP on the basis of the applicable rates of 6.23%.The purpose of this study isto examine, test, and evaluate the impact of financing facility with the products’ qardhul hasan small mediumenterprises’ increased revenues against the small medium enterprises assisted el-Zawa Uin Maliki Malang.The population of this research are all Small Medium Enterprises that constitute the built el-Zawa at onceusing a financing facility with dana Qardh al-Hasan is 84. 30 of Small Medium Enterprises such as researchsamples.The results show that Qardhul Hasan SMEC products can increase the income of clients. In addition,the performance of the services provided by the customer is reasonably satisfied by the clients.

scholarly journals The Shift-Share Method: An Instrument for Analyzing the Dynamics of Industry Structure of the Economy

2020 ◽  
Vol 87 (4) ◽  
pp. 36-47
Author(s):  
Т. Ye. Trubnik ◽  
О. К. Mazurenko
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Financial Services ◽  
Rapid Development ◽  
Value Added ◽  
Economic Activities ◽  
Gross Value Added ◽  
Regional Factors ◽  
Bank System ◽  
The Impact

The socio-economic events of the latest years and uncertainties in the vectors of development of the economic environment cause the need for robust statistical assessment. An important area of studies of the modern economy is determining the type of economic growth. The shift-share method is applied to determine the effect of the impact of national, industrial and regional factors on the dynamics of economic growth. The shares of effects (effects of the impact) caused by national economy trends, industry mix and region-specific factors are identified and analyzed. The position of economic activities in the industry mix of the Kyiv economy is analyzed and assessed by indicators of gross value added and number of employees with consideration to three components. The impact of each of them caused by the national factors, the established industry mix of the national economy and the internal competitiveness of a specific industry of the region are characterized. Factor decomposition of the change in the indicators caused by the national component, industry-specific and region-specific effects reveals that the overall growth in the gross value added by economic activity in Kyiv is to a large extent conditional on the effective industry policy and to the least extent on regional factors. However, the employment reduction in the Ukrainian capital was caused by the impact of national and industry factors, and was not compensated by the positive local effect. It is revealed that the stable flagship position is taken by financial and insurance activities, in spite of recent reforms in the bank sector with cleansing the bank system from ineffective and nontransparent entities. Kyiv remains to be the core center for concentration of financial services. The progressive growth in the construction market meets the needs of the megalopolis with its increasing population. The residents’ desire to expand the dwelling size and improve the living conditions helps improve business climate in the construction sector, increase its growth rates and share in the gross regional product (indirectly, through the gross value added).       The section “Information and telecommunications” stands steadily on the top positions. Its rapid development, as a signal of the digital economy, enables for momentary exchanges of information and services on the domestic and external market, thus creating favorable prospects.   The analysis of the composition of the problem group and the outsider group among the economic activities reveals the stable presence of manufacturing and social industries. Enterprises of the sections “Manufacturing”, “Supply of electricity, gas, steam and conditioned air”, “Supply of water, sanitation, treatment of wastes” have a stock of problems and system drawbacks; they suffer from lack of investment and innovation, they have no strong orientation on the challenges of modernity and market needs, which weakens the positions of the Ukrainian capitals’ economy as the industrial center. It is proposed to use the graphic method for illustrating the distribution of economic activities in Kyiv by quality characteristics of operation. The factors accelerating or hampering the development of economic activities in the region are determined. Recommendations on management decisions related with future operation of industries referred to as “leaders”, “regulars”, problematic industries and outsiders are given.

scholarly journals The Impact of Globalization on Economic Growth

Economics ◽  
2021 ◽  
Vol 104 (10-12) ◽  
pp. 99-109
Author(s):  
Mariam Dzebisashvili Mariam Dzebisashvili
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
World Economy ◽  
English Word ◽  
Major Influence ◽  
Modern World ◽  
Human Society ◽  
Trade Integration ◽  
The World ◽  
The Impact

Twentieth century for the world economy is associated with a range of processes that involve a broader scope. The important issue in the order is at stake and at the same time the internationalization stage - Globalization. It discusses the developmental processes of the world in the socio-economic context. We are globalized as an accelerating factor. In addition to the destruction, it also contributes to modernization. The English word "globe" means Globe, while "global" - the world. Globalization -the modern English word is to make changes in the world economy and society. More precisely, the globalization of the economy is one of the components of globalization that includes several aspects: • Liberalization of Economics; • Development of trade; • Integration of countries in the modern world community; • To increase the service market; • Make investments. Globalization is a major influence on the economy of all countries. It deals with the process of creation of goods and services, the use of force, investing in "physical" capital, technologies and their spread to other countries. In the end, everything is expressed in the production and labor efficiency. The article-"The Impact of Globalization on Economic Growth" deals with the modern actual issues of globalization and its impact on the national economy. According to the author’s explanation, the globalization is the process of formation the world as an economic, technological, political and cultural entity through conditions of maintaining the statehood and national identity of the concrete countries. Globalization has the objective as well as the subjective features. That’s why the globalization includes unprecedented possibilities for development of human society as so as it threats of its existence. The positive results have been achieved only when any exposures of abuse are excluded and all decisions are received as a result of common consensus. The other trends of globalization might be ended with disaster. Globalization influences all sectors of national economy, including unemployment. In the article into detailed form are discussed the positive and negative sides of influence that globalization has on the national state and economy. In Summary, it seems that globalization involves both the development of human society and its unseen possibilities of the threat of existence. Thus, it becomes necessary in the process of globalization proper management, or implementation of fair globalization. The greatest contribution to this belongs to the leader (big) states. It is on their decisions that globalization does not depend on fate. Key words: Globalization; national economy; unemployment; international labor market.

scholarly journals The Differential Effects of Foreign Investments on Sectoral Growth

CONVERTER ◽  
2021 ◽  
pp. 674-688
Author(s):  
Cheng Hui Fang, Agbanyo George Kwame
Keyword(s):  
Economic Growth ◽  
Foreign Investment ◽  
Service Sector ◽  
Manufacturing Sector ◽  
Generalized Method Of Moments ◽  
Economic Sectors ◽  
Differential Effects ◽  
Agriculture Sector ◽  
Sectoral Growth ◽  
The Impact

Previous studies on the effect of FDI on sectoral growth are far from reaching a consensus. This paper, using a panel data of 35 countries between 1990-2019, aims at investigating the differential effects of foreign direct investment modes of entry into the economic sectors. Through the systems generalized method of moments methodology, this study found that the impact of foreign investment on growth corresponds directly with the absorptive capacity of the host country. Meanwhile,M&A is a better economic booster than greenfield investment. The results also suggest that foreign investment is a significant agent of economic growth in the service sector, relatively weak in the manufacturing sector and insignificant in the agriculture sector. Also, M&A seems to spillover more easily than greenfield across sectors, and natural resources are not very good channels to transmit foreign investment into economic growth.

scholarly journals Cluster analysis of the impact of blockchain technologies upon the development of the sectors of national economy

2021 ◽  
pp. 15-28
Author(s):  
Marat Rashitovich Safiullin ◽  
Azat Rafikovich Sharapov ◽  
Leonid Alekseevich Elshin
Keyword(s):  
Cluster Analysis ◽  
Russian Federation ◽  
National Economy ◽  
Economic Activity ◽  
Business Models ◽  
Value Added ◽  
Economic Environment ◽  
Economic Sectors ◽  
The Russian Federation ◽  
The Impact

Prospects for the development of national economy in the context of integration of blockchain technologies into the system of economic processes testify necessitate elaboration of the methods and algorithms for formalized assessment of their impact upon the key parameters of socioeconomic dynamics. If within scientific-and-expert space, one may occasionally come across the works dedicated to separate aspects of this scientific methodological problem, the questions of the impact of blockchain technologies upon individual economic sectors are yet to be explored within the information-analytical and scientific space. The methods of empirical research of the impact of blockchain technologies upon the parameters of economic development currently did not find their consolidated solution, and are of fragmentary nature. This research is an attempt to strengthen the positions of formalized approaches towards examination of the articulated scientific and practical problem. The subject of this research is the economic relations of economic agents pertaining to implementation of blockchain technologies in the economic activity and formation of the new business models. The object is the types of economic activity of the national economy of the Russian Federation and their sensitivity to the diffusion of blockchain technologies. The article offers an algorithm for studying the dynamics of gross value added of the economic sectors of the Russian Federation through the prism of possible transformation of the key parameters of functionality of the financial and real sectors of the economy as a result of diffusion of blockchain technologies. Leaning on the advanced hypotheses, the author builds co-integration models for the indicated types of economic activity, which reveal the contribution of exogenous factors that are being adjusted under the pressure of infiltration of the distributed data storage technologies into the economic environment to the degree of incremental value added. This allows conducting cluster analysis of the economic sectors under review in accordance of their sensitivity to institutional changes caused by integration of the blockchain technologies into the economic environment.

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