Central banks’ mandate and objectives: Evolution and the crisis lessons

2016 ◽  
pp. 5-24 ◽  
Author(s):  
S. Drobyshevskiy ◽  
A. Kiyutsevskaya ◽  
P. Trunin
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Central Banks ◽  
National Currency ◽  
Price Stability ◽  
Present Stage ◽  
Wide Range ◽  
Monetary Authorities ◽  
The Stability ◽  
Goals And Objectives

On the basis of studying the evolution of goals and objectives of the monetary authorities of a wide range of countries the authors argue the inexpediency of expanding the Bank of Russia’s mandate. It fits into international practice, and also meets the requirements and characteristics of the present stage of economic development. In the pursuit of price stability, the regulator not only maintains the stability of the national currency, as required by the its mandate, but also contributes to the acceleration of economic growth.

Non-standard functions and structures of ministries of finance under economic challenges: A case study of Western governments

2020 ◽  
Vol 26 (11) ◽  
pp. 2448-2471
Author(s):  
S.V. Anureev
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Comparative Analysis ◽  
Great Britain ◽  
Central Banks ◽  
Economic Recovery ◽  
Budget Process

Subject. This article examines the functions and management structures of central financial bodies and related parliamentary and governmental structures in Australia, Canada, Great Britain, Japan, Germany, France and Italy. Objectives. The article aims to identify non-standard functions and structures that go beyond the classical responsibility of finance ministries as a central part of the budget process arising from current economic challenges. Methods. For the study, I used a comparative analysis. Results. The article describes the important new functions of financial authorities and treasuries of Western governments aimed at economic growth and economic recovery. Conclusions. The organizational and management structures and functions of the ministries of finance go far beyond the budget process, overlap with and dominate the functions of central banks and ministries of economic development.

Economic Growth In The Conditions Of Digitalization In The EU Countries

2021 ◽  
Vol 38 (4) ◽  
Author(s):  
Oleksandr Vyshnevskyi ◽  
Ihor Stashkevych ◽  
Olena Shubna ◽  
Svetlana Barkova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
European Commission ◽  
National Level ◽  
Present Stage ◽  
Eu Countries ◽  
Stage Of Development ◽  
Object Of Study ◽  
High Level ◽  
The Eu

The article discusses the dynamics of economic development based on the level of digitalization of the countries. Economic development is evaluated through the dynamics of GDP changes. Digitalization level is evaluated through the Digital Economy and Society Index (DESI), which is calculated on a regular basis by the European Commission. Object of study – 28 EU‑member countries. The hypothesis of the investigation: a high level of digitalization leads to an acceleration of economic growth on national level. This hypothesis did not find any statistically significant confirmation. Thus, we can conclude that the level of the economy digitalization at the present stage of development of technologies and institutions in the EU countries does not have a decisive effect on the rate of economic growth.

scholarly journals Price stability - major macroeconomic objective

2021 ◽  
pp. 72-75
Author(s):  
Grigore Duhlicher ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Market Economy ◽  
Basic Element ◽  
Price Stability ◽  
Major Objective ◽  
Economic Framework ◽  
Market Economy System ◽  
Governance Process ◽  
Economy System

Price is a basic element of the market economy system and has become a leading economic category, due to its functions within it. Ensuring price stability is a major objective of the governance process, as it contributes to creating a relatively stable economic framework that allows for economic development and ensuring a sustained level of economic growth. The global economic crises, in parallel with the regional political instability, aggravated by the devastating consequences of the pandemic situation, emphasize once again the importance of the dynamics of price developments on the macroeconomic situations of contemporary states.

scholarly journals THE ROLE OF INVESTMENT IN THE FIELD OF AGRICULTURE IN KOSOVO

2019 ◽  
Vol 31 (5) ◽  
pp. 1459-1462
Author(s):  
Adelina Gashi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Private Sector ◽  
Foreign Aid ◽  
Significant Progress ◽  
Macroeconomic Stabilization ◽  
Negative Effect ◽  
The Stability ◽  
High Level

Kosovo has made significant progress in institutional building and macroeconomic stabilization, even though, the opportunity to meet needy people was very slow. The lack of economic development seems to have a negative effect on the stability that will push economic growth. The most urgent challenge for Kosovo authorities was to maintain macroeconomic stability and achieve economic growth, in pursuit of the reduction of the high level of unemployment. Reducing foreign aid and spills in the private sector will make it very difficult to achieve this goal. Mitigation of emigration is a very important issue for Kosovo's economy.

ON ASSESSING THE POSSIBILITIES OF TRANSITION TO THE STAGE OF ECONOMIC GROWTH

2020 ◽  
Vol 1 (5) ◽  
pp. 102-109
Author(s):  
A. I. AMOSOV ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Labor Productivity ◽  
Technical Development ◽  
Evolutionary Methods ◽  
Complex Processes ◽  
Wide Range ◽  
Socio Economic Development ◽  
Scientific Technical

The article is devoted to the study of complex processes of economic growth. It examines the issues of assessing the effect and consequences of technological policy, taking into account the increase or decrease in production volumes for certain types of products and services. The influence on the socio-economic development of technical revolutions and evolutionary methods for increasing labor productivity through the implementation of rationalization proposals and the adoption of a wide range of other measures is studied. The tendencies and contradictions of civilizational and scientific-technical development are revealed.

EFFECTS OF LIFELONG EDUCATION AND RELATED FACTORS ON THE COMPETITIVENESS OF COUNTRIES

2015 ◽  
Author(s):  
Aija SANNIKOVA ◽  
Aina DOBELE ◽  
Madara DOBELE
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Causal Relationship ◽  
Lifelong Education ◽  
Related Factors ◽  
Global Competitiveness ◽  
Positive Effects ◽  
The Stability ◽  
Two Stages ◽  
Stages Of Economic Development

Modern knowledge becomes a strategic endowment of the country and its key resource for economic growth, giving individuals opportunities to become active employers or increasing their opportunities to become professionals being demanded in the labour market. For these reasons, the development of lifelong education is a significant tool for economic growth in Latvia. Correlation and linear regression analyses showed that lifelong education made the strongest and most positive effects on a country’s competitiveness at two stages of economic development: at the innovation-driven stage and during a country’s transition to it from the efficiency-driven stage (the case of Latvia). Calculations were preformed based on the data for 2008 and 2013, and the results were similar, which indicated the stability of this global causal relationship. So the authors conclude that a country’s stage of economic development plays a crucial role in the extent the factor of lifelong education can affect the country’s global competitiveness. In the countries being at lower stages of economic development, even well-developed lifelong education is not objectively capable of increasing their competiveness as effectively as it takes place, for example, at the innovation-driven stage. Proving a causal relationship – the capability of lifelong education to increase a country’s competitiveness is determined by the existing economic background and rules of game, which are different at different stages of economic development – based on research of the economic aspects of lifelong education may be regarded as the key gain of the present research.

The Political Economy of the Resource Curse

1999 ◽  
Vol 51 (2) ◽  
pp. 297-322 ◽  
Author(s):  
Michael L. Ross
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Resource Curse ◽  
The Political ◽  
Economic Problems ◽  
The Past ◽  
Wide Range ◽  
Resource Wealth ◽  
New Research ◽  
Natural Resource Wealth

How does a state's natural resource wealth influence its economic development? For the past fifty years, versions of this question have been explored by both economists and political scientists. New research suggests that resource wealth tends to harm economic growth, yet there is little agreement on why this occurs. This article reviews a wide range of recent attempts in both economics and political science to explain the “resource curse.” It suggests that much has been learned about the economic problems of resource exporters but less is known about their political problems. The disparity between strong findings on economic matters and weak findings on political ones partly reflects the failure of political scientists to carefully test their own theories.

Politics of Development

2017 ◽  
Vol 5 (2) ◽  
pp. 164-182 ◽  
Author(s):  
Pallav Karmakar
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Development Project ◽  
Land Acquisition ◽  
Developing Nation ◽  
Central Concern ◽  
Prime Concern ◽  
Wide Range

Land acquisition for development project is not a new topic of discussion at least in a developing nation as ours. In recent times, we happened to have witnessed a wide range of protests and chaos relating to land issues in the country. Land is needed for industrialisation, which is the prime concern for economic growth, but the central concern of development should be the welfare all sections of the society rather than just economic growth. The article aims to understand the complexities of development, keeping land acquisition and its consequences at the forefront. It also focuses on the land acquisition policies in the country and how these policies have evolved over a period of time. More importantly, it analyses the implications of land acquisition, with certain cases being highlighted. Further, an attempt is made to perceive how the land acquisition controversies have affected economic development in the country.

scholarly journals A Comparative Study of the Impacts of Human Capital and Physical Capital on Building Sustainable Economies at Different Stages of Economic Development

Energies ◽  
2021 ◽  
Vol 14 (19) ◽  
pp. 6259
Author(s):  
Xiaohao Ding ◽  
Yifan Huang ◽  
Wenjuan Gao ◽  
Weifang Min
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Energy Consumption ◽  
Physical Capital ◽  
Quantile Regression Model ◽  
National Economic ◽  
Green Gdp ◽  
The Stability ◽  
Stages Of Economic Development

This study investigated the contributions of human capital and physical capital to economies at different stages by measuring the economic development with the traditional GDP and green GDP. The traditional GDP stood for the quantity of economic growth, and the green GDP, taking both the energy consumption and environmental pollution into account, was employed to represent the sustainability of economic development. We used a panel data of 143 countries and regions during the period from 1990 to 2014, and results showed that the elasticities of output with respect to human capital were greater compared to physical capital, while green GDP was significantly more sensitive to changes in human capital than the traditional GDP. In particular, considering the unbalanced distribution of economic growth among countries and regions, we employed the quantile regression model to explore the heterogeneous roles of physical and human capital in different stages of economic development, which evidenced not only the significance but also the stability of human capital. As national economic levels grew, countries became less dependent on physical capital, yet human capital maintained its outstanding role at different stages of economic development, particularly for the building of more sustainable economies.

Recent advances in the relationship between economic development and carbon emissions

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ziqi Yin ◽  
Xue Jin
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
High Frequency ◽  
Visual Analysis ◽  
Rapid Development ◽  
Content Type ◽  
Wide Range ◽  
The Relationship

PurposeWith the rapid development of the economy, carbon emissions have also risen sharply. This study explores the relationship between the two by combining the literature of relevant fields and maps the analytical framework from the knowledge base to the research frontier model using CiteSpace.Design/methodology/approachUsing CiteSpace and data statistical tools, we conducted a bibliometric and visual analysis of nearly ten thousand research papers on carbon emissions and economic development published in the Web of Science (WOS) and China National Knowledge Infrastructure (CNKI) databases from 1991 to 2021.FindingsIt shows that research on economic development and carbon emissions is developing steadily and involves a wide range of fields. Notably, keywords such as “carbon emissions,” “economic growth,” and “energy consumption” had high frequency, centrality, and persistence. “carbon emissions,” “economic growth,” and “energy consumption” had high frequency, centrality, and persistence. Research institutions in the USA and China have made great contributions to research on economic development and carbon emissions. The authors should continue to enrich and improve research on related subjects and concerns to reasonably plan the path of carbon emission reduction and economic development.Originality/valueThe study analyzes the evolution of the relationship between carbon emissions and economic growth to provide scholars a more comprehensive and in-depth understanding of the relationship from an international perspective.

Sign in / Sign up

Export Citation Format

Share Document