scholarly journals Regulation of institutional changes in the social sector of the national economy: conceptual approach

2018 ◽  
Vol 2 (4) ◽  
pp. 103-110
Author(s):  
Ksenia Bagmet
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
State Regulation ◽  
Institutional Changes ◽  
Inclusive Growth ◽  
Social Sector ◽  
Conceptual Approach ◽  
Education Development ◽  
Long Run ◽  
The Social

Introduction. The development of the national economy under the modern conditions is increasingly determined by the potential both of the commercial sector and also of the social sector development level since a number of economic policy tasks concern this sector. Issues of economic and social inequality are increasingly being explored in terms of their impact on economic growth in a long run. The complexity of implementing state regulation of the social sector to ensure inclusive growth raises a number of problems, because policies need to be coherent and institutional arrangements are effectively implemented. Aim and tasks. The purpose of the study is to substantiate a conceptual approach to institutional transformations regulating of the social sector of the national economy, based on the principles of inclusive economic growth. Results. According to the institutional changes theory, the formation of a coherent strategy regarding the state regulation of institutional changes in the social sector of the national economy requires consideration of the dependence on the previous way of development. So, the structure that is being formed requires both vertical (with basic institutions) and horizontal (with institutions formed within the social sector) coordination. Development of two mentioned types of interactions should be aligned with the strategy of state regulation of the social sector of the national economy - market-coherent and socially-coherent and gives the opportunity to achieve both social and economic (commercial) results, to balance the measures aimed at these interactions. Conclusions. Within the framework of the problem of creation of an effective system of state regulation solution for ensuring inclusive growth within the proposed approach, the necessity of stakeholder interaction development, creation of an institutional and economic environment for the development of market-coherent and socially-coherent interactions considering achievement of economic growth with simultaneous achievement of social goals is ensured. Strategic direction of state regulation of institutional changes in the social sector of the national economy can be considered a gradual shift from the institutions of income redistribution to participation institutions (education, infrastructure, etc.). Education development is one of the priorities, as research findings indicate that the problem of access to education is a significant factor in inequality.

scholarly journals RATIONALE OF DIRECTIONS OF STATE REGULATION OF SOCIAL SECTOR OF NATIONAL ECONOMY

2019 ◽  
pp. 104-110
Author(s):  
I. Hubarieva
Keyword(s):  
National Economy ◽  
Integrated Assessment ◽  
Methodological Approach ◽  
State Regulation ◽  
Regional Level ◽  
Social Sector ◽  
Specific Composition ◽  
The Social ◽  
Integral Indicator ◽  
Subsequent Identification

It is proposed to substantiate the directions of state regulation of the social sector of the national economy using a methodological approach to assess the level of development of the social sector of the national economy, which provides on the basis of an integrated assessment (which combines the national and regional level, includes the following components: income / expenditure, demography, macroeconomics employment) to determine the level of development of the social sector of the national economy with the subsequent identification of the problem field by specific composition ymi. The sequence of assessment of the level of development of the social sector of the national economy includes the following stages: formation of components and systems of indicators for assessing the level of development of the social sector of the national economy; an integrated assessment of the level of social sector development at regional and national levels; identification of the problematic field of state regulation of the social sector of the country. Keywords: state regulation, social sector, national economy, integral indicator.

Inclusive Growth with Zakat

2015 ◽  
Vol 54 (4I-II) ◽  
pp. 997-1010
Author(s):  
Muhammad Mazhar Iqbal
Keyword(s):  
Economic Growth ◽  
Aggregate Demand ◽  
Economic Consequences ◽  
Poor People ◽  
Kuznets Curve ◽  
Inclusive Growth ◽  
Marginal Productivity ◽  
The Social

Zakat is an annual religious levy that is collected from rich Muslims and its proceeds are disbursed among poor people of the society. It has many spiritual and social merits. For example, it purifies the hearts of zakat-givers as they give away a part of their wealth, one of the most precious things in their lives, seeking the pleasure of God without requiring any worldly gains whatsoever. It bridges the social gap between „haves‟ and „have-nots.‟ This study analyses, however, only economic consequences of Zakat for economic growth. They cannot be appreciated duly unless one understands the following concepts of modern economics; various theories of consumption, aggregate demand, stagnation thesis, consumption puzzle, marginal productivity of capital and Kuznets curve.

scholarly journals Has Social Sector Development Catalysed the Inclusiveness of India’s Economic Growth?

2020 ◽  
Vol 68 (1) ◽  
pp. 61-81
Author(s):  
Vikram Chadha ◽  
Ishu Chadda
Keyword(s):  
Time Series Data ◽  
Negative Association ◽  
Series Data ◽  
Inclusive Growth ◽  
Social Sector ◽  
Poverty And Inequality ◽  
The Social ◽  
Development Policies ◽  
The Impact ◽  
Social Sectors

The study attempts to examine the impact of social sector development on inclusive growth in India. Ever since Independence, India’s encounter with gnawing poverty and stark deprivation, particularly of the weaker and the marginalised sections of society, cajoled India’s planners to moot the development policies with the sole objective of exacerbating growth with equity. That is why since the beginning of the planning era, the stress had been laid on strengthening and expanding the social sectors with the premise that it would boost the inclusive growth agenda, manifesting in equal access to employment and economic opportunities; equal participation in decision-making and reduction in poverty and inequality. In conformity with the objective of our study, we intend to gauge the effect and contribution of different components of social sector development in India, on inclusiveness of growth using time series data for the period of 1985–1986 to 2015–2016. It was found that the expenditure related to ‘social security and welfare’ contributes significantly towards inclusive growth in India while the expenditure incurred on ‘welfare of marginalised class’ and ‘rural development’ exudes negative association with inclusiveness of growth.

scholarly journals INSTITUTIONAL CHANGES OF SOCIAL SECTOR: EXPERIENCE OF THE UNITED STATES AND JAPAN FOR THE DEVELOPMENT OF CHINA'S ELDERLY EDUCATION SYSTEM

2019 ◽  
pp. 95-98
Author(s):  
Zhiping Huo ◽  
Haiyan Yin ◽  
Andrii Mykhailov
Keyword(s):  
United States ◽  
Social Protection ◽  
The Elderly ◽  
Developed Countries ◽  
The United States ◽  
State Regulation ◽  
Institutional Changes ◽  
Social Sector ◽  
Aging Society ◽  
Social Security Reforms

As China enters the aging society, more and more attention has been paid to the education for the aged. The developed countries such as the United States, Japan that entered the aging society relatively early, in the elderly education have accumulated rich experience. By learning from their experience, we can better develop education for the aged and promote the development of human resources for the aged. Key words: institutional changes in social sector, state social security reforms, state regulation of social protection system, aging population, elderly education, institutional diversification.

scholarly journals Social capital, economic growth and well-being

2012 ◽  
Author(s):  
Francesco Sarracino
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Social Comparisons ◽  
Well Being ◽  
Subjective Well Being ◽  
Long Run ◽  
The Social ◽  
The Relationship ◽  
Over Time

In the long run economic growth does not improve people's well-being. Traditional theories – adaptation and social comparisons – explain this evidence, but they don't explain what shapes the trend of subjective well-being and its differences across countries. Recent research identified in social capital a plausible candidate to explain the trends of well-being. This dissertation adopts various econometric techniques to explore the relationship over time among social capital, economic growth and subjective well-being. The main conclusion is that social capital is a good predictor of the trend of subjective well-being, both within and across countries. Hence, policies for well-being should aim at preserving and enhancing social capital for the quality of the social environment matters.

scholarly journals Education and Economic Growth in NER States of India: A Panel Cointegration Analysis

2018 ◽  
Vol 14 (2) ◽  
pp. 89-105
Author(s):  
Md. Samsur Jaman
Keyword(s):  
Economic Growth ◽  
Social Welfare ◽  
Panel Data Analysis ◽  
Panel Cointegration ◽  
Cointegration Analysis ◽  
Eastern Region ◽  
Social Sector ◽  
Long Run ◽  
North Eastern ◽  
Social Expenditures

The main purpose of this study is examines the long run relationship between social expenditures and economic growth in North-Eastern states of India. The long run impact of expenditures in social sector such as education, health and social welfare on economic growth is investigated by applying the Pedroni’s panel Cointegration using balanced panel data analysis of eight (8) North Eastern states over the period from 2000 to 2014. In this study empirical analysis suggest the existence of dynamic relationship among expenditures on education, health and social welfare and economic growth for all cases of eight sample states. The study concludes that expenditures in the social sector can affect economic growth. Such social expenditures enhance productivity by providing infrastructure, education, health and harmonizing social interests. Thus, expenditure composition can also play an important role in promoting economic growth in North-Eastern region.

scholarly journals Factors Contributing to Deficit Spending in Indonesia

2021 ◽  
Vol 6 (2) ◽  
Author(s):  
Sri Walyoto ◽  
Daryono Soebagiyo ◽  
Ahmad Luthfi Ridho Hapsoro
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Budget Deficit ◽  
Inflation Rate ◽  
Macroeconomic Policies ◽  
Applied Model ◽  
Long Run ◽  
Deficit Spending

The issues concerning deficit spending have been a major concern in macroeconomic policies. Each country has a different method to solve the problems, including by devising appropriate deficit spending policies. This study investigates the effect of deficit spending in Indonesia. The effect of deficit management is seen from the sources to finance budget deficit, the efforts that are made, and the ability to contribute to the economy. Another research objective is to identify the magnitude of the effect of deficit spending and its effect on the national economy. This study attempts to explain that the applied model is able to determine the factors that contribute to deficit spending in Indonesia. The findings of this study reveal that both in the short- and long-run, external debts have a positive and significant effect on deficit spending. On the contrary, the economic growth and inflation rate have no significant effect on deficit spending.

scholarly journals PANDEMIC, GLOBAL ECONOMIC CRISIS AND FOOD SECURITY OF THE COUNTRY

2021 ◽  
Vol 16 (1(21)) ◽  
pp. 8-16
Author(s):  
Naira Virsaladze ◽  
Malvina Kipiani
Keyword(s):  
Food Security ◽  
Economic Crisis ◽  
National Economy ◽  
Agricultural Production ◽  
State Regulation ◽  
Balance Of Payments ◽  
Agrarian Policy ◽  
The Social ◽  
Security Problem

Agriculture is an important and organic part of the national economy of any country. Its role is great in ensuring the country's food security, improving the balance of payments and strengthening state independence. The state and proportions of development of other sectors of the national economy depend on the level and speed of development of agricultural production. This connection is reflected in both technical-technological and industrial-economic connections. At the same time, this connection is bilateral, with the increase of agricultural production, the structure and quality of food of the population improves, the volume of imported food decreases, which has a positive impact on reducing the balance of payments deficit and increasing the degree of independence of the country. Due to the important role of agriculture, the field received a lot of attention in the first years of the restoration of independence, which is confirmed by the agrarian policy developed and implemented during that period, whose primary task was to ensure the country's food security and strengthen food independence. In connection with the important role of agriculture in the first years of the restoration of independence of the region, much attention was paid, which is confirmed by the agricultural policy developed and implemented during this period, the main task of which was to ensure the country's food security and strengthen food independence. At the same time, it was a great challenge for a country with a devastated economy, followed by significant reforms in agriculture, restructuring of the sector and the creation of an appropriate legal framework, the integration of state regulation of the market economy and self-regulatory mechanisms. However, under the influence of a number of external and internal factors, it was not possible to fully implement the developed agrarian policy. Agriculture is still characterized by low productivity and, consequently, by a small share in the sectoral structure of the national economy. The country has serious problems in supplying and providing vital agricultural products such as wheat, corn, potatoes, vegetables, meat and poultry. The global pandemic and the resulting global economic crisis have put the issue of solving the country’s food security problem on the agenda. To this end, the revitalization of rural areas, social stability and balancing the level of migration from rural to urban areas should be a priority. Establishing food security is a complex task and is primarily the responsibility of the government. There is no universal mechanism for solving the global food security problem in the world today. This problem must be solved at the national level, as food security is considered to be a level of national food production that allows the principle of self-sufficiency of the population and state reserves with food to be implemented in accordance with scientifically substantiated norms. The current severe economic crisis in the country has further intensified the social background and demanded the strengthening of the stimulating and organizing function of the state. The issue of state regulation of the agricultural sector should be considered in close connection with the development of entrepreneurship and self-regulation of production at the micro level, and priority should be given to measures that maximize the adaptation of producers to market economic conditions, increase production efficiency and competitiveness, which will ultimately contribute to the saturation of the market with domestic products and state food security. It should also be noted that recent years and even more so the pandemic process, have once again confirmed the notions of omnipotence on the market mechanism. The market does not have a magic wand that will solve all the problems by itself and regulate the existing problems. The myth of the role of the "invisible hand" and the crisis itself is a thing of the past. The modern world community supports the social orientation of the economy, therefore "realizing the dangerous nature of social polarization", which can not be solved by bypassing state regulation and mechanisms.

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