scholarly journals Effects of remittance's inflow and measuring the impact of remittances on GDP per capita growth: Application of ARCH/GARCH and logit model

2021 ◽  
Vol 6 (1) ◽  
pp. 55-73
Author(s):  
Goran Miladinov
Keyword(s):  
World Bank ◽  
Bosnia And Herzegovina ◽  
Logit Model ◽  
Gdp Per Capita ◽  
Logit Models ◽  
The Balkans ◽  
Binary Model ◽  
Comparative Aspect ◽  
Per Capita ◽  
The Impact

This research aims to explore the dynamics of remittances and their volatility, applying the ARCH/GARCH model in the countries of the Balkans (Bosnia and Herzegovina, Macedonia, Croatia and Albania). Furthermore, the comparative aspect of remittance’s effect on the probability of GDP per capita growth using ML Logit Binary model within these countries including Serbia as well was also investigated. UN and World Bank annual aggregate data on personal remittances inflow as % of GDP and GDP per capita from 1998-2019 were used. The volatility spillover within the countries can be noticed. It means that remittance’s inflow volatility in these countries is influenced by its own ARCH and GARCH factors or own shocks. The separate results from Logit models show that the probability of GDP per capita growth as a function of remittances for the period (1998-2019 and 2007-2019 for Serbia) has been under positive significant effect only for Albania at 5% level and for Bosnia and Herzegovina at 10% level.

scholarly journals The Impact of Oil Price Shocks on National Income: Evidence from Azerbaijan

Energies ◽  
2021 ◽  
Vol 14 (6) ◽  
pp. 1695
Author(s):  
Shahriyar Mukhtarov ◽  
Sugra Humbatova ◽  
Mubariz Mammadli ◽  
Natig Gadim‒Oglu Hajiyev
Keyword(s):  
Exchange Rate ◽  
Oil Price ◽  
Gdp Per Capita ◽  
Oil Price Shocks ◽  
Price Shocks ◽  
Total Trade ◽  
Trade Turnover ◽  
Per Capita ◽  
The Exchange Rate ◽  
The Impact

This study investigates the influence of oil price shocks on GDP per capita, exchange rate, and total trade turnover in Azerbaijan using the Structural Vector Autoregressive (SVAR) method to data collected from 1992 to 2019. The estimation results of the SVAR method conclude that oil price shocks (rise in oil prices) affect GDP per capita and total trade turnover positively, whereas its influence on the exchange rate is negative in the case of Azerbaijan. According to results of this study, Azerbaijan and similar oil-exporting countries should reduce the dependence of GDP per capita, the exchange rate, and total trade turnover from oil resources and its prices in the global market. Therefore, these countries should attempt to the diversification of GDP per capita, the exchange rate, and other sources of total trade turnover.

scholarly journals Non-Price Criteria for the Evaluation of the Tender Offers in Public Procurement of Ukraine

2020 ◽  
Vol 8 (3) ◽  
pp. 44
Author(s):  
Alexander Baranovsky ◽  
Nataliia Tkachenko ◽  
Vladimer Glonti ◽  
Valentyna Levchenko ◽  
Kateryna Bogatyrova ◽  
...  
Keyword(s):  
Public Procurement ◽  
Well Being ◽  
Gdp Per Capita ◽  
Tender Offers ◽  
Product Categories ◽  
Per Capita ◽  
The Government ◽  
The Impact ◽  
Over Time ◽  
The Eu

Traditionally, public procurement has been associated with the measurement of achieving savings. However, recent research shows that the economic impact of public procurement is not limited only to savings, but by measuring the impact of four capitals—natural, human, social, and economic—on sustainable well-being over time. Ukraine is a country with a very low gross domestic product (GDP) per capita, which exacerbates the problem of the impact of public procurement results on the population’s welfare. Ukrainian public procurement legislation allows customers to apply non-price criteria (the share of non-price criteria cannot be more than 70%), which, together, are taken into account in the formula of the quoted price. The studies show that the effect of the use of non-price criteria depends on the relevance of the method of the evaluation of non-price criteria. The most important non-price criteria for Ukrainian customers by product categories and the methods of their evaluation are analyzed according to the Bi.prozorro.org analytics module. Therefore, it is concluded that the quoted price method, which is used in Ukrainian practice, is not relevant in comparison with the method used in the EU. A survey of the government buyers on the practice of applying non-price criteria was conducted, and the areas of their use were identified.

Measuring the Impact of Tourism on Economic Growth

2007 ◽  
Vol 13 (3) ◽  
pp. 379-388 ◽  
Author(s):  
Stanislav Ivanov ◽  
Craig Webster
Keyword(s):  
Economic Growth ◽  
General Equilibrium ◽  
Computable General Equilibrium ◽  
Gdp Per Capita ◽  
Equilibrium Models ◽  
Computable General Equilibrium Models ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
The Impact

This paper presents a methodology for measuring the contribution of tourism to an economy's growth, which is tested with data for Cyprus, Greece and Spain. The authors use the growth of real GDP per capita as a measure of economic growth and disaggregate it into economic growth generated by tourism and economic growth generated by other industries. The methodology is compared with other existing methodologies; namely, Tourism Satellite Account, Computable General Equilibrium models and econometric modelling of economic growth.

scholarly journals THE IMPACT OF LABOUR MARKET ON MIGRATION PROCESS IN THE CENTRAL AND EASTERN EUROPE

2021 ◽  
Author(s):  
Юлія Цевух ◽  
Вікторія Бобришева ◽  
Аліса Крупиця
Keyword(s):  
Czech Republic ◽  
Labor Market ◽  
Central And Eastern Europe ◽  
Slovak Republic ◽  
Gdp Per Capita ◽  
Vacancy Rate ◽  
Market Outcomes ◽  
Job Vacancy ◽  
Per Capita ◽  
The Impact

The article presents the results of the study of the main trends of the labor market in Central and Eastern Europe during 2010-2021; it also investigates selected labour market outcomes affecting migration processes in Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Romania, Poland, Slovak Republic, Slovenia, and Hungary. Using econometric modeling, the impact of GDP per capita, annual net earnings per employee, job vacancy rate, unemployment rate on the number of emigrants from these CEE countries was estimated. It is followed by the analysis which controls for dependence of the number of immigrants to CEE countries on labor market outcomes and GDP per capita. The simulation results demonstrate a direct impact of the indicators of net earnings per worker, the level of unemployment and quantity of emigrants from CEE countries. At the same time, there is a direct relationship between job vacancy rate, net earnings and immigration into Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Romania, Poland, Slovak Republic, Slovenia, and Hungary.

scholarly journals Economic crises and emission of pollutants: a historical review of select economies amid two economic recessions

Ekonomika ◽  
2016 ◽  
Vol 95 (1) ◽  
pp. 7-21 ◽  
Author(s):  
Andriy Stavytskyy ◽  
Vincent Giedraitis ◽  
Darius Sakalauskas ◽  
Maik Huettinger
Keyword(s):  
Historical Review ◽  
The United States ◽  
Gdp Per Capita ◽  
Economic Crises ◽  
Greenhouse Gasses ◽  
Long Run ◽  
Per Capita ◽  
Carbon Dioxide Co2 ◽  
Human Pollution ◽  
The Impact

This paper investigates the historical trends in economic development through the impact of economic depressions and emissions of greenhouse gasses, namely carbon dioxide (CO2). The analysis includes four countries: the United States, the United Kingdom, Germany and Japan. The focus, therefore, will be on the impact of two economic crises and their effect on global warming. Temperature changes in the longer period are very often regarded as a result of human activity, which can be measured by the increase of GDP (per capita). The findings indicate that GDP (per capita) parameters cannot be considered as correct measures of human pollution activity. The results show that the long-run temperature can be evaluated with the help of annual average temperatures of the previous four years. The proposed model does not only provide quite satisfactory forecasts, but is very stable with coefficients variables that can make a model more reliable for practice.

scholarly journals THE CONTRIBUTION OF MIGRATION TO ECONOMIC GROWTH: THE EXAMPLE OF THE CITY OF ZAGREB

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Vinko Miličević ◽  
Danijel Knežević ◽  
Zoran Bubaš
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Activity ◽  
Economic Benefits ◽  
Gdp Per Capita ◽  
The European Union ◽  
Per Capita ◽  
The Republic ◽  
The Impact ◽  
The City

The problems in this paper belong to the field of migration and economy. The connection between migration and the economy has been proven on a global level, and as far as the Republic of Croatia is concerned, it is especially important to observe it through the City of Zagreb, which is the most important migration and economic center in the Republic of Croatia. Also, the accession of the Republic of Croatia to the European Union emphasized the observation and research of this connection because it created the preconditions for freer movement and employment of the population of the Republic of Croatia and the City of Zagreb within the European Union. The aim of this paper is to determine the contribution of migration to the economic growth of the City of Zagreb. The hypothesis presented in the paper is that there is a significant contribution of migration to the economic growth of the City of Zagreb. The disposition of the paper consists of six parts. The introduction explains the relevance of the topic, states the aim of the paper and hypotheses, explains the empirical part, the contribution of the paper and the disposition. The second part of the paper refers to the theoretical framework of the impact of migration on economic growth. The third part of the paper presents the migration processes of the City of Zagreb in the period from 2011 to 2018. The fourth part deals with economic activity in the City of Zagreb in the period from 2011 to 2017. The observed indicators of economic activity in the City of Zagreb are GDP and GDP per capita, and the graph in this part of the paper shows that GDP and GDP per capita in the observed period are higher at the end of the period than at the beginning. The fifth part of the paper refers to the empirical research of the contribution of migration to the economic growth of the City of Zagreb. The empirical part of the paper is based on correlations and regression analyses. This paper proves the hypothesis because the results indicate a significant impact of the variables of total and external migration on the GDP of the City of Zagreb and GDP per capita of the City of Zagreb. Decision-makers in the City of Zagreb can use the results of the research as a basis for maximizing the economic benefits they can get from migration. The conclusion provides an overview of the aim of the work, the results of the research, the limitations, the implications and the recommendations for future research.

scholarly journals Evolución De La Desigualdad Y Pobreza En Nicaragua En El Periodo De 1991 A 2014

2018 ◽  
Vol 14 (31) ◽  
pp. 337
Author(s):  
Carlos Ernesto Luquez Gaitán ◽  
Ernest Yasser Núñez Betancourt ◽  
Manuel del Valle Sánchez
Keyword(s):  
World Bank ◽  
Unemployment Rate ◽  
Quantitative Assessment ◽  
Historical Perspective ◽  
Gdp Per Capita ◽  
Steady Increase ◽  
Structural Reforms ◽  
Real Gdp ◽  
Poverty And Inequality ◽  
Per Capita

This paper discusses the situation of the evolution of inequality and poverty from a historical perspective, including the structural reforms in Nicaragua during the decade of 1990. It also examines the decline in poverty in Nicaragua from 1991 through World Bank indicators. Methods of measuring inequality and poverty such as the Gini coefficient, GDP per capita, and the incidence rate of poverty, as well as the poverty gap, are used. It includes the results of quantitative assessment of poverty and inequality, and concludes with a decline in poverty. There is evidence of a steady increase in real GDP and a steady trend in the unemployment rate.

Vincoli europei e internazionali. Il rilancio della politica climatica dell'Unione Europea per il periodo post Kyoto

2009 ◽  
pp. 149-161
Author(s):  
Andrea Molocchi
Keyword(s):  
Energy Saving ◽  
Emission Reduction ◽  
Burden Sharing ◽  
Gdp Per Capita ◽  
Carbon Intensity ◽  
Renewable Sources ◽  
Legislative Proposals ◽  
Per Capita ◽  
The Impact ◽  
The Eu

- The relation describes the European strategy on energy and climate under the UNFCCC process for the post Kyoto period (after 2012), by which on march 2007 the EU Council adopted general targets at 2020 for a 20%/30% emission reduction, 20% renewables and 20% energy saving. Furthermore it highlights the main features of the legislative proposals published by the European Commission (EC) to implement the strategy on the 23rd January 2008, soon after the Bali COP13 (so called "energy and climate package"). The package contains proposals to implement the 20% emission reduction through EU level defined caps in the ETS sectors and by national targets differentiation in the non-ETS sectors (respectively under the "ETS revision directive" and "Effort Sharing Decision") and a further directive proposal to implement the 20% target for renewables through national target differentiation as well. The burden sharing criteria applied by EC in the energy package proposals are based on GDP per capita and they do not consider any environmental efficiency criteria, such as carbon intensity or potential for renewable sources based on land availability. As the Impact Assessment produced by the Commission itself shows, the way the "solidariety criteria" has been applied produced estimated costs on GDP highly differentiated between Member States and non-coherent with the GDP per capita distribution. Nevertheless, these burden sharings have not been timely corrected by the EC to bring optimisation with GDP per capita rankings in the UE. In addition, the EC package does not contain legislative proposals aimed to implement the 20% energy saving target. Recent disclosure of information by EC consultants (NTUA - Primes Model) shows that the implicit energy saving potential of the proposed package is limited to 7%, thus far away from the announced 20%. Due to these lackings, the EC package and related burden sharings may not be considered coherent to the EU Council spring 2007 mandate. European Parliament or Council emendments aimed at a higher efficiency and fairness for the whole package are deemed necessary by the author, even if politically difficult to be introduced.Key words: Energy & climate package, GHGs, energy efficiency, renewable sources, European policy.

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