Economic Growth: New Problems and New Risks

2006 ◽  
pp. 20-37 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Foreign Exchange ◽  
Driving Force ◽  
Structural Changes ◽  
Rate Of Growth

The economic growth, which is underway in Russia, raises new questions to be addressed. How to improve the quality of growth, increasing the role of new competitive sectors and transforming them into the driving force of growth? How can progressive structural changes be implemented without hampering the rate of growth in general? What are the main external and internal risks, which may undermine positive trends of development? The author looks upon financial, monetary and foreign exchange aspects of the problem and comes up with some suggestions on how to make growth more competitive and sustainable.

Determinants of regional and local development – their impact on socio-economic space

2019 ◽  
pp. 3-9
Author(s):  
Krzysztof Rejman ◽  
Roman Fedan
Keyword(s):  
Economic Growth ◽  
Local Development ◽  
Local Level ◽  
Local Policy ◽  
Economic Changes ◽  
Production Factors ◽  
Rational Planning ◽  
Local Resource Management

Processes of the expected spatial socio-economic changes arise as a result of rational planning and continuation of development at regional and local level. A three-tier division ofthe local self-government creates opportunities for engagement of community in the rational planning model and local resource management, as well as usage of production factors; for socio-economic growth and improvement in the quality of life of the residents. The aim of the article is to show the functional structure and role of local government units in formation of regional and local policy toincrease economic growth, while maintaining the environmental protection requirements.

scholarly journals Directionality of Education – Balanced Education and Integration of Educational Systems in the National Economy

Equilibrium ◽  
2013 ◽  
Vol 8 (2) ◽  
pp. 101-113
Author(s):  
Wiktor Morohin ◽  
Aleksandrs Rubanovskis
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Driving Force ◽  
Developed Countries ◽  
Educational Systems ◽  
High Quality ◽  
National Economic ◽  
The World ◽  
National Economic Development

The quality of the workforce is a precondition for economic growth of a society. One of the main indicators of these preconditions is education. The effectiveness of economies of developed countries is based on the high quality of knowledge. As a resutl the quality and balanced education determines the rating of a state in the world and serves as a driving force of national economic development. The aim of the article is to identify opportunities that will allow integrating the balanced education in the educational systems of the national economy.

scholarly journals Analysis on the Effects of Quality of Financial Statements, Over GDP Forecasting Models. An Empirical Cross-Country Approach

2020 ◽  
Vol 15 (3) ◽  
pp. 236-260
Author(s):  
Burca Valentin ◽  
Mates Dorel ◽  
Bogdan Oana
Keyword(s):  
Economic Growth ◽  
Financial Reporting ◽  
Structural Changes ◽  
Causal Relation ◽  
Forecast Error ◽  
Financial Statements ◽  
Institutional Framework ◽  
Gdp Growth ◽  
The Impact

Abstract Under increasing macroeconomic uncertainty, governments base their economic policies on high-precision GDP estimates. The models considered based on building-up government budgets incorporate main drivers of economic growth, identified along a large range of empirical studies, mostly focused on economic productivity, factor accumulation, human capital, innovation and transfer of technology, structural changes, or institutional framework. However, there is little evidence related to the impact of accounting and assurance regulation on economic growth. Our study attempts to assess the significance of causal relation between forecasting error on GDP growth and quality of accounting standards, respectively quality of financial statements. The study analyzes the causal relation between country level measures of quality of financial reporting, synthetized by Isidro et. al. (2019), and the measure of GDP growth estimate mean error. Our results confirm a significant impact of quality of the output of financial reporting practice, related to disclosure quality and asymmetric timeliness. The results remain similar, even after controlling for accounting convergence influence. Checking for robustness of the model, we observe the main drivers of one year ahead GDP forecast error are related to institutional framework to issue high quality standards and enforce them properly. The results emphasize once again the role of economic development and corresponding complexity of economic activities and political framework impact on accounting regulation and subsequently on macroeconomic measures.

Role of Remittances in Economic Growth in Pacific Island Countries: A Study of Samoa

2009 ◽  
Vol 8 (4) ◽  
pp. 611-627 ◽  
Author(s):  
Chee-Keong Choong ◽  
Ronald Kumar ◽  
Keyword(s):  
Economic Growth ◽  
Foreign Exchange ◽  
Pacific Island ◽  
Great Support ◽  
Domestic Savings ◽  
Pacific Island Countries

AbstractRemittances have been a great support to Pacific island countries (PICs). Aside from providing additions to domestic savings and, hence, real resources, they have been one of the major sources of foreign exchange earnings. In the context of falling exports and limited options to diversify their exports, inward remittances have assumed greater importance. This paper examines the nexus between growth and remittances in Samoa.

scholarly journals Membangun Insan Kamil dari Perspektif Media; Media Literasi sebagai Kontrol Sosial

2017 ◽  
Vol 1 (2) ◽  
pp. 211
Author(s):  
Khomsiyatul Mukarromah
Keyword(s):  
Media Literacy ◽  
Driving Force ◽  
Media Influence ◽  
Human Being ◽  
Reality Show ◽  
The Media ◽  
Human Quality ◽  
Educated Person

Insan kamil (the perfect human) is the most ideal concept in achieving the best quality of human being in all its dimensions. The extent of media influence on the knowledge, attitude, mental, and spiritual quality of human being is not something that needs to be debated again. Television with its capacity has the same great potential as a driving force or a barrier at the same time for the development of human quality. A growing phenomenon about the content of television in Indonesia is increasingly revealing the colors of mourning in its massive dissemination. The composition of the broadcast is full with entertainment which is ranging from the telenovela, infotainment, reality show, charity show, comedy, crime to other news are very far from the role of educating. Thus, where are broadcasting program rules that must contain 70% of the educative elements? Even an impressed classy broadcasting program such as talk show which is hosted by an “educated person” have not been off completely from the framing of the media. This paper seeks to offer a media literacy concept in response to these problems. Media literacy is an ability to access, understand, analyze, evaluate, and producing media information in a variety of contexts. This is intended so that the community can afford to be critical and creative, not merely subject to exploitation by the media but make them explore and have media skilled.

scholarly journals Institution, Financial Sector, and Economic Growth: Use The Institutions As An Instrument Variable

2016 ◽  
Vol 17 (1) ◽  
pp. 84
Author(s):  
Albertus Girik Allo
Keyword(s):  
Economic Growth ◽  
Estimation Method ◽  
Political Stability ◽  
Financial Sector ◽  
Data Set ◽  
Institutional Variables ◽  
The World Bank ◽  
Control Of Corruption

Institution has been investigated having indirect role on economic growth. This paper aims to evaluate whether the quality of institution matters for economic growth. By applying institution as instrumental variable at Foreign Direct Investment (FDI), quality of institution significantly influence economic growth. This study applies two set of data period, namely 1985-2013 and 2000-2013, available online in the World Bank (WB). The first data set, 1985-2013 is used to estimate the role of financial sector on economic growth, focuses on 67 countries. The second data set, 2000-2013 determine the role of institution on financial sector and economic growth by applying 2SLS estimation method. We define institutional variables as set of indicators: Control of Corruption, Political Stability and Absence of Violence, and Voice and Accountability provide declining impact of FDI to economic growth.

scholarly journals MANAJEMEN KONFLIK PADA PERUSAHAAN KELUARGA (STUDI KASUS PADA PERKEBUNAN X)

2019 ◽  
Vol 18 (2) ◽  
pp. 135-142
Author(s):  
Yolla Margaretha
Keyword(s):  
Economic Growth ◽  
Conflict Management ◽  
Family Business ◽  
Driving Force ◽  
Negative Impact ◽  
Developed Countries ◽  
Professional Role ◽  
The Family ◽  
Internal Management

 The economy of a country is supported by the role and contribution of entrepreneurs. They are the driving force for economic growth and one of them is contribution by family business. Even in some developed countries, family companies are the main source of their economy. However, internal management often creates conflicts, which can have a positive and negative impact. This will certainly affect the growth of the family company business. Therefore, good conflict management is needed to resolve conflicts. The role of family business stakeholders must be able to act and play a professional role. In this company, the root of the conflict is the inconsistency of communication between stakeholders in the company, thus triggering mismanagement and hampering the development of the company.   Keywords: Conflict; Family Business  

scholarly journals Menimbang Daya Saing Pariwisata Indonesia (Dibandingkan Singapura, Malaysia, Dan Thailand)

2015 ◽  
Vol 2 (3) ◽  
pp. 422-442
Author(s):  
Vonny Setianda ◽  
Roos Kities Andadari
Keyword(s):  
Economic Growth ◽  
Tourism Development ◽  
Secondary Data ◽  
Development Strategies ◽  
Tourism Industry ◽  
Tourism Sector ◽  
Asean Countries

Experience from many countries shows that tourism contributes greatly to the economic growth that can improve the welfare and quality of citizens’ lives. To enhance the role of the tourism sector to improve the economy, increasing the competitiveness of this sector is the key. For Indonesia, which has great potential in the tourism sector, tourism development strategies are needed to improve the competitiveness of the tourism industry. The purpose of this study is to determine the position of competitiveness in Indonesia’s tourism sector, especially compared to some major ASEAN countries, and propose appropriate tourism development strategies. After mapping the condition of Indonesia’s tourism competitiveness compared to some other major ASEAN countries, this study uses STP (segmenting, targeting, and positioning) to find appropriate tourism development strategies. This research utilizes secondary data. The results show that compared to some other major ASEAN countries (Singapore, Malaysia and Thailand), Indonesia's tourism competitiveness in some aspects is low, although this condition has improved in recent years. However, given the demands of the dynamic tourism market, the competitiveness needs to be improved continuously. This necessitates special strategies, so that the efforts match with the target. Keywords: Indonesian tourism, competitiveness of the tourism industry, tourism development strategies

scholarly journals STRUCTURAL ECONOMIC CHANGES – DIFFERENCES IN THE APPROACHES

2019 ◽  
Vol 17 (Suppl.1) ◽  
pp. 1-4
Author(s):  
S. Totev
Keyword(s):  
Economic Growth ◽  
Critical Analysis ◽  
Structural Changes ◽  
High Efficiency ◽  
Economic Conditions ◽  
Economic Policies ◽  
Structural Policy ◽  
Economic Changes ◽  
Role Of The State

The ability of an economy to adapt to changing economic conditions through the implementation of structural changes is linked to its ability to effectively generate economic growth. The need to know the intensity and direction of favourable structural changes is of key importance for achieving their high efficiency. In the article, a critical analysis of the different structural economic policies is made, taking into account the consequences of implementing the ones that are not in line with the real economic circumstances. Examples of so-called premature deindustrialisation as a result of inadequate structural policy are also considered. In conclusion, the vision of the role of the state in the conduct of a structural economic policy to achieve favourable economic results is presented.

scholarly journals The contribution of tourism to the Croatian Economy

2018 ◽  
Vol 69 (1) ◽  
pp. 20-42 ◽  
Author(s):  
Neven Ivandić ◽  
Ivan Šutalo
Keyword(s):  
Gross Domestic Product ◽  
Structural Changes ◽  
Value Added ◽  
Tourist Industry ◽  
Methodological Framework ◽  
Input Output ◽  
Multiplicative Effects ◽  
Positive Effect

In order to understand the contribution of tourism to the economy and the effects of possible structural changes during the tourism boom that Croatia is currently facing, the article focuses on the place and role of tourism in the Croatian economy and its impact on the output of the most relevant industries. The aim of the paper is to estimate the contribution of tourism to the gross domestic product of Croatia and to measure the multiplicative effects of tourism consumption on the different industries of the economy during a nine year period, based on a specific methodological framework, which integrates tourism satellite and input-output models in three different years. The analysis has provided an approximation of the total tourist industry contribution to the national economy, ranging from 14.2 to 16.3 percent of the gross value added of the whole of the economy. It concludes that tourism consumption has a positive effect on both tourism and non-tourism products and activities. Improvement of the quality of the research within the input-output framework requires the process of the fractionalization of input-output tables but also a more precise extraction of activities characteristic of tourism than there has previously been.

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