CURRENT STATE OF PAKISTAN’S ECONOMY

2020 ◽  
pp. 13-24
Author(s):  
Vyacheslav Belokrenitsky ◽  
Keyword(s):  
Economic Growth ◽  
Current Account ◽  
External Factors ◽  
Financial Assistance ◽  
Economic Situation ◽  
Parliamentary Elections ◽  
Current State ◽  
Current Account Deficits ◽  
The Government

The article analyzes the situation in Pakistan’s economy under the new government of the country, formed after the parliamentary elections in July 2018. It is observed that in 2018–2020 the rates of economic growth have slowed considerably. The government has faced problems of acute fiscal and current account deficits and was forced to agree to large doses of foreign financial assistance. The economic situation by the beginning of 2020 has somewhat improved, but the dependence of the economy on external factors remains, causing risks which do not allow to argue that the crisis and stagnation would be overcome in the nearest future.

scholarly journals CURRENT STATE OF PAKISTAN’S ECONOMY

2020 ◽  
pp. 13-24
Author(s):  
Vyacheslav Belokrenitsky ◽  
Keyword(s):  
Economic Growth ◽  
Current Account ◽  
External Factors ◽  
Financial Assistance ◽  
Economic Situation ◽  
Parliamentary Elections ◽  
Current State ◽  
Current Account Deficits ◽  
The Government

The article analyzes the situation in Pakistan’s economy under the new government of the country, formed after the parliamentary elections in July 2018. It is observed that in 2018–2020 the rates of economic growth have slowed considerably. The government has faced problems of acute fiscal and current account deficits and was forced to agree to large doses of foreign financial assistance. The economic situation by the beginning of 2020 has somewhat improved, but the dependence of the economy on external factors remains, causing risks which do not allow to argue that the crisis and stagnation would be overcome in the nearest future.

Protests, a Destabilizing Factor of Economic Growth in Arab Republic of Egypt

2019 ◽  
Vol 11 (2) ◽  
Author(s):  
Karim Naama ◽  
◽  
◽  
Keyword(s):  
Economic Growth ◽  
United Arab Emirates ◽  
Economic Situation ◽  
Economic Research ◽  
Economic Growth Rate ◽  
Published Report ◽  
The Government ◽  
The Muslim Brotherhood ◽  
Cash Reserves ◽  
The Military

With the start of the revolution of January 2011 until 2013, many indicators and economic research confirms the entry of the Egyptian economy to a stage of deterioration. With the military council headed by Marshal Tantawi taking over the country, the growth of the economy fell remarkably to less than 2% Unemployment reached over 10%, and the fiscal deficit increased to 8.6% of GDP, which was accompanied by inflation of 11%. That one of the biggest economic mistakes committed by the government system is to keep the exchange rate of the pound fixed, which led to the depletion of about $ 20 billion of cash reserves between December 2010 to May 2012, which has negatively affected the rating of Egyptian Institutions International Finance. After that, Egypt’s economic situation during the rule of Mohammed Morsi and the Muslim Brotherhood, which can be described as lacking in experience in the management of the state. The political challenges and obstacles, as well as the absence of any economic plan, contributed to the increasing complexity of the economic situation of Egypt, Resulting in a rise in the unemployment rate to 12.5%. The Brotherhood’s government failed to provide resources to cope with the crisis, relying only on the collection of aid and subsidies from some regimes in the Middle East, resulting in worsening conditions until the army intervened and President Mohamed Morsi was removed on 3 July 2013. With the arrival of interim President Adli Mansour to power in August 2013, we note that the Egyptian economy witnessed a slight improvement, which was reflected according to the published report that Egypt received about 12 billion dollars in foreign aid from Kuwait, Saudi Arabia and the United Arab Emirates, However, the economic growth rate remained below 2% as unemployment and inflation continued to spread.

scholarly journals Abkhazia: preliminary socio-political results of 2017

2017 ◽  
pp. 43-55
Author(s):  
А. Yu. Skakov ◽  
V. М. Мukhanov
Keyword(s):  
Economic Situation ◽  
The Political ◽  
Power Balance ◽  
Topical Issue ◽  
Parliamentary Elections ◽  
Political Situation ◽  
The Third ◽  
Church Congregations ◽  
The Republic ◽  
The Government

The article analyses the political situation in Abkhazia in 2017, namely, the activities of the government and the opposition, parliamentary elections, their results and the power balance in the new legislative body. It also studies the existence of the third force, which is a topical issue in Abkhazian society. The author examines the grave socio-economic situation in the Republic this year, which continues to worsen, and comes to the conclusion that the reasons for this deterioration are the failure of the tourist season and catastrophic Abkhazian reputation losses. Besides, the article scrutinizes the main problems in Russian-Abkhazian relations, the aggravation of the crime situation in Abkhazia, the current church footing (splits in church congregations) and issue regarding the Gali residents’ status.

scholarly journals The Effects of Current Account Deficits on Economic Growth: Evidence from Kenya

2021 ◽  
Vol 7 (4) ◽  
pp. p59
Author(s):  
Patrick Mugendi Mugo ◽  
Wafula Masai ◽  
Kennedy Osoro
Keyword(s):  
Economic Growth ◽  
Current Account ◽  
Time Series Data ◽  
Developing Economies ◽  
Current Account Deficit ◽  
Public Investment ◽  
Cointegration Analysis ◽  
Sub Saharan Africa ◽  
Series Data ◽  
Current Account Deficits

The study examines the effects of current account deficits on economic growth. It also evaluates the direction of causality between the current account deficits and economic growth. These have in the recent past been analyzed in developed and developing economies. In contributing to this ongoing debate, the study applied unit root tests, cointegration analysis, a dynamic vector error correction model and Toda-Yamamoto Granger-causality representation using annual time series data for Kenya from 1980 to 2016. There is evidence that in the long run, current account deficit has significant positive effect on economic growth in Kenya. The evidence suggests a bidirectional causality running from current account deficit to economic growth with feedback effects. The study underscores the need for the authorities to utilize current account deficits to strictly finance public investment to foster gross fixed capital formation, for shared prosperity in Kenya. The evidence underscores the need for more country specific studies in sub-Saharan Africa.

HUKUM DAN TEKLOGI SUATU KAJIAN TEORITIS TERHADAP PENOMENA LAYANAN TRANSFORTASI ONLINE

2017 ◽  
Vol 6 (1) ◽  
pp. 20
Author(s):  
Aria Dimas Harapan
Keyword(s):  
Economic Growth ◽  
Theoretical Study ◽  
Legal Protection ◽  
Creative Economy ◽  
Legal Certainty ◽  
The People ◽  
The Government ◽  
The Times

ABSTRACTThe essence of this study describes the theoretical study of the phenomenon transfortation services online. Advances in technology have changed the habits of the people to use online transfortation In fact despite legal protection in the service based services transfortation technological sophistication has not been formed and it became warm conversation among jurists. This study uses normative juridical research. This study found that the first, the Government must accommodate transfotation online phenomenon in the form of rules that provide legal certainty; second, transfortation online as part of the demands of the times based on technology; third, transfortation online as part of the creative economy for economic growth . 

Economic Growth and Macro Variables in India: An Empirical Study

2015 ◽  
pp. 42-59
Author(s):  
Saba Ismail ◽  
Shahid Ahmed
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Trade Openness ◽  
Capital Formation ◽  
Gdp Growth ◽  
Fdi Inflows ◽  
Domestic Capital ◽  
The Government ◽  
Macro Variables ◽  
Determinants Of Economic Growth

The research objective of this paper is to explore the empirical linkages between economic growth and foreign direct investment (FDI), gross fixed capital formation (GFCF) and trade openness in India (TOP) over the period 1980 to 2013. The study reveals a positive relationship between economic growth and FDI, GFCF and TOP. This study establishes a strong unidirectional causal flow from changes in FDI, trade openness and capital formation to the economic growth rates of India. The impulse response function traces the positive influence of these macro variables on the GDP growth rates of India. The study also reveals that the volatility of GDP growth rates in India is mainly attributed to the variation in the level of GFCF and FDI. The study concludes that the FDI inflows and the size of capital formation are the main determinants of economic growth. In view of this, it is expected that the government of India should provide more policy focus on promoting FDI inflows and domestic capital formations to increase its economic growth in the long-term.

Tax revenue and economic growth in developing country: an autoregressive distribution lags approach

2020 ◽  
Vol 7 (54) ◽  
pp. 205-217
Author(s):  
Mnaku Honest Maganya
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Testing Procedure ◽  
Gdp Growth ◽  
Bounds Testing ◽  
Causality Test ◽  
Significance Level ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
The Government

AbstractTanzania, like most other developing countries, faces numerous economic challenges in striving to achieve sustainable economic growth and development through taxation. In the literature, the debate on how effective taxes are as a tool for promoting economic growth and economic development remains inconclusive, as various research have reported mixed effects of tax on economic growth. This article investigates the effect of taxation on economic growth in Tanzania using the recently developed technique of autoregressive distributed lag model (ARDL) bounds testing procedure for the period from 1996 to 2019. Various preliminary tests were conducted including stationary tests as well as the pair-wise Granger causality test. According to the results obtained, domestic goods and services (TGS) taxes are positively related to GDP growth and are statistically significant at 1% level. Income taxes, on the other hand, were found to be negatively related to GDP growth and to be statistically significant at 5% level. The pair-wise Granger causality results indicated that there is bidirectional Granger causality between TGS and GDP growth at 1 % significance level. The government should aim at growing, nurturing and sustaining tax base to positively drive economic growth even further.

Domestic Resource Mobilisation: A Structural Approacb

1993 ◽  
Vol 32 (4II) ◽  
pp. 1067-1078
Author(s):  
Saleem M. Khan
Keyword(s):  
Economic Growth ◽  
Financial Institutions ◽  
Foreign Assistance ◽  
High Rate ◽  
Domestic Saving ◽  
Capital Investments ◽  
External Resources ◽  
Private And Public ◽  
The Government ◽  
Enhance Efficiency

The Mobilisation of domestic resources and their efficient utilisation are two of the most crucial tasks in revitalising the economy of Pakistan. Historically, low saving fotmation and relatively higher targets of investment and economic growth made it imperative to depend on external resources. Despite heavy domestic borrowing from both private and public sectors, there still has remained an unmet resource gap that has necessitated dependence on foreign capital. I In recent years, the sources of foreign assistance have become scarce due to a growing shortage in world saving and growing domestic demand for budget appropriations in the western countries. If economic growth in Pakistan is to be sustained and selfgenerating, investment in physical and human development must be increased and mad more efficient. To meet this challenge, most of the capital will have to come from domestic sources. Hence, the focus of this paper is on harnessing domestic efforts to increase saving formation and to enhance efficiency of capital investments. Traditionally, the government of Pakistan has relied on conventional approaches to increasing domestic saving. First, the government has been encouraging greater saving by the private sector through a package of national saving schemes and by allowing financial institutions to introduce saving incentives. Saving-schemes and saving incentives have not produced satisfying results. Table 1 shows saving and investment in selected South Asian countries. Saving in Pakistan is very low and, indeed, among the lowest even when compared with neighbouring and other developing countries. Explanations of this failure include the low levels of income and high rate of inflation in the country.2 Moreover, the financial institutions have in general remained inefficient.

CORRELATION BETWEEN TAX POLICY AND CORRUPTION IN THE LEGAL PERSPECTIVE FOR COUNTRY'S ECONOMIC GROWTH

2017 ◽  
Vol 1 (2) ◽  
pp. 205
Author(s):  
Gideon J. ◽  
Edgar H. ◽  
Ivan I. ◽  
Nabil N. ◽  
Aptina A. ◽  
...  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Tax Evasion ◽  
Tax Policy ◽  
Public Awareness ◽  
Transparency International ◽  
Tax Amnesty ◽  
Legal Perspective ◽  
State Income ◽  
The Government

<p>People Tax is the main source of state income. The better the tax policy of a country, the better the development of a country. One of the factors that influence the level of public awareness in paying taxes is corruption. Study shows that tax collection is one of them influenced by corruption. In the data of Corruption Perceptions Index 2016 reported by Transparency International, Indonesia is ranked 90 out of 176 countries. Tax evasion is a serious problem for many countries. Every year, the government loses revenue potential as many residents evade taxes in various ways. For this reason, the government implements tax amnesty. Tax amnesty is designed to permanently reduce the amount of underground economy activity, thereby increasing tax revenues in the future and developing countries can grow well.</p>

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