scholarly journals Influence of Public Revenues on Economic Growth The Case of the Republic of North Macedonia

2020 ◽  
Vol 7 (3) ◽  
pp. 191-204
Author(s):  
Aleksandar Nikoloski
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Well Being ◽  
Econometric Modeling ◽  
Tax Revenues ◽  
The Republic ◽  
Economic Nature ◽  
The Impact ◽  
Public Revenues ◽  
Economic Well Being

The economy in each country performs different functions of a political, social and economic nature, in order to improve social and economic well-being. Public revenues affect economic growth by meeting various government needs. Taxes fully create discouraging effects on economic growth, especially those that reduce the incentive to invest in physical and human capital and innovation. The purpose of this research is to see the connection between public revenues and economic growth in the Republic of Macedonia and to determine the impact of tax and non-tax revenues on the growth of the country. With the help of econometric modeling, it was found that the observed public revenues as a whole affected the economic growth with 90, 2%, which is a high percentage. Individually, customs duties, VAT and direct taxes have a positive impact, and non-tax revenues and contributions negatively affect the economic growth of the republic.

Fiscal Stability of the Local Government Units in the Republic of Srpska

2021 ◽  
Vol 59 (1) ◽  
pp. 109-132
Author(s):  
Biljana Gojković ◽  
Sanja Popović ◽  
Marijana Đukić
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Public Finances ◽  
The Public ◽  
Goods And Services ◽  
Efficient Management ◽  
The Republic ◽  
The Impact ◽  
Significant Attention

Abstract Fiscal stability of the local self-government units is the condition for stable public finances of the Republic of Srpska (hereinafter: RS) as a whole. Stable public finances of local self-government units have a positive impact on the economic growth of the RS. Therefore, it is necessary to pay a significant attention to the fiscal problems of local self-government units (hereinafter: LGUs). Although the public finances of the LGUs make up 15% of the total public finances of the Republic of Srpska, it is important to emphasize that the life of the RS citizens takes place in the local self-government. In this regard, LGUs have the important role in providing public goods and services, as well as creating the environment for the life of citizens on the basis of legally defined competencies. Having in mind the importance and role of local self-government units in the RS, it is necessary to ensure the efficient management and stability of their public finances. One of the preconditions for the successful exercise of the competencies of LGUs is the rational and efficient use of available resources. The aim of this paper is to examine the impact of the key fiscal factors of local self-government units on their fiscal stability. The results of this analysis will provide answers to the question of how rational and efficient local self-government units are in the execution of their competencies and how it is reflected on their revenues and expenditures, i.e. in total public finances of RS.

scholarly journals Health Capital and its Relationship to Economic Growth

2021 ◽  
pp. 185-198
Author(s):  
Daniel Zarzycki ◽  
Maciej Malaczewski
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Econometric Model ◽  
Well Being ◽  
Health Capital ◽  
The Impact ◽  
Made In ◽  
Economic Well Being

The purpose of the article/hypothesis: The purpose of this paper is to attempt to justify the thesis that the health potential of human and society has an impact on economic well-being, contributing to the economic growth of countries, and thus their enrichment. Methodology: In order to examine the significance and strength of the impact of health capital on productivity on a macroeconomic scale, an econometric model of economic growth was used and six estimations were made in which the impact of subsequent components of this capital was examined. Results of the research: It turned out that 4 out of 6 introduced variables of health capital significantly influenced economic growth, and their direction is consistent with the economic theory. This implies necessity for further studies.

scholarly journals Possibilities and challenges of inclusive economic growth in countries

2021 ◽  
Vol 244 ◽  
pp. 10039
Author(s):  
Mavluda Askarova ◽  
Toir Saddulaev ◽  
Bunyod Radjabov
Keyword(s):  
Economic Growth ◽  
Socioeconomic Development ◽  
Growth Index ◽  
Well Being ◽  
Developed Countries ◽  
The State ◽  
Inclusive Growth ◽  
The World ◽  
The Republic ◽  
The Impact

The purpose of the study of this topic is inclusive growth and inclusive economic growth in the territory of the Republic of Uzbekistan. Using the theoretical method of analysis, the results of the developed countries of the world, as well as the state of the economy of Central Asia, in particular the Republic of Uzbekistan, are analyzed. The observation method reveals the impact of inclusive economic growth on the standard of living and well-being of the world’s population. The article compares data on the impact of the global economic and financial crisis on the economies of the world and the Republic of Uzbekistan, which began in 2019, and its consequences are reflected on inclusive economic growth. Projections of social development up to 2030 are made, this development factor plays an important role in inclusive economic growth. The result of this study is the conclusion about the importance of the inclusive growth index, which can replace the GDP indicator. Index of inclusive analysis of information on various aspects of society. This index can also be used to predict the socioeconomic development of the state.

scholarly journals Health Capital and its Relationship to Economic Growth

2020 ◽  
Vol 2 (26) ◽  
pp. 157-170
Author(s):  
Daniel Zarzycki ◽  
Maciej Malaczewski
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Econometric Model ◽  
Well Being ◽  
Health Capital ◽  
The Impact ◽  
Made In ◽  
Economic Well Being

The purpose of the article/hypothesis: The purpose of this paper is to attempt to justify the thesis that the health potential of human and society has an impact on economic well-being, contributing to the economic growth of countries, and thus their enrichment.Methodology: In order to examine the significance and strength of the impact of health capital on productivity on a macroeconomic scale, an econometric model of economic growth was used and six estimations were made in which the impact of subsequent components of this capital was examined.Results of the research: It turned out that 4 out of 6 introduced variables of health capital significantly influenced economic growth, and their direction is consistent with the economic theory. This implies necessity for further studies.

scholarly journals Development of Economy & Reformation of National Consciousness

1996 ◽  
Vol 11 (0) ◽  
pp. 257-267
Author(s):  
Jin-Hyung Jin
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Well Being ◽  
Advanced Country ◽  
Long Run ◽  
The Reformation ◽  
History Of ◽  
The Republic ◽  
Near Future ◽  
Economic Well Being

Jean Jacques Rousseau, (1712-1778) author of "The Theory of Social Contract", once stated that moral corruption and indulgence in luxury by people increases as their economic well-being improves. The history of mankind attests to the fact that there have been many nations which enjoyed remarkable economic development, but perished in the long run due to degradation of humanity, corruption, luxury, widespread mammonism, and various conflicts among their people. It follows that the economic growth should be accompanied by or based on people's strong morality and sound humanity. In other words, the reformation of consciousness is a prerequisite to the economic development. It is said that the Republic of Korea garnered an economic growth to the extent that it is on the threshold of becoming an advanced country in the near future.

IMPACT OF MGNREGA ON AGRICULTURE LABOUR

2021 ◽  
pp. 58-60
Author(s):  
S A Sampath Kumar ◽  
Sammaiah Buhukya
Keyword(s):  
Rural Areas ◽  
Agricultural Sector ◽  
Positive Impact ◽  
Secondary Data ◽  
Major Change ◽  
Well Being ◽  
The Social ◽  
Market Wage ◽  
The Impact ◽  
Economic Well Being

MGNREGA can have a positive impact on the social and economic well-being of rural labours and their families. In particular, it holds the powerful prospect of bringing major change in the lives of women. The study has explored the impact of MGNREGA on the labour in the agricultural sector of the district of Mahabubnagar in Telangana State. it was conducted using primary and secondary data has found that MGNREGA did have an impact on the agriculture at the time of its introduction and does have a role in the hike in the labour wages in rural areas. The MGNREGA wage acts as a standard minimum wage act keeping the labour market wage high for both male and female. The scheme has been found effective in equal wage act for men and women , empowerment of the poor encompasses three tasks-reduction of poverty, creation of employment and minimizing inequality. This article presents the impact of MGNREGA on the labour supply in the agricultural sector, the extent of the transfer of labour, , from the agriculture to MGNREGA and offers some suggestions

Economic behavior of households and their welfare: models and forms of interaction

2020 ◽  
pp. 3-8
Author(s):  
Maryana Bil ◽  
Olha Mulska
Keyword(s):  
Economic Growth ◽  
Social Protection ◽  
Well Being ◽  
Central Place ◽  
Economic Behavior ◽  
Human Potential ◽  
Modern Theory ◽  
Economic Behaviour ◽  
Theoretical Approaches ◽  
The Impact

The article defines the content of welfare as a measure of socially oriented efficiency of economic growth, which reflects the appropriate level of providing the population with material and spiritual goods with the formation of favourable conditions for human development and capitalization of human potential in a competitive mobile space. The modern theory of welfare testifies to the deepening of scientific discussions on the transformation of economic welfare into mobile and inclusive, as well as the opposition of competitive and social protection welfare policy. Another milestone in the evolution of welfare theory is the individualization of its provision. Conditions of competition and mobility increase the importance of households in providing their well-being with further reflection on the processes of economic growth of the community, region, and state. This gives grounds to actualize the issues of household welfare research and strengthening economic growth based on behavioural economics. The needs, interests, motives, and incentives determine the economic behaviour of households. At higher levels, it defines an economic culture that is closely linked to the national mentality. In this regard, the main models of economic and social behaviour of households – socialization, adaptation, integration, values, regulation, and the definition of financial development strategies are outlined. Theoretical approaches to the explanation of economic behaviour are generalized, namely religious-ethical, psychological, substantive theories, theories of motivations and acquired needs, process theories, theories of justice, and others. Based on the ideas of foreign scientists, the main determinants of the economic policy of households are proposed. Political, stabilizing, and economic determinants are distinguished in the group of general determinants. In the group of determinants directly related to households, the financial, demographic, cultural, social, empirical, and psychological are suggested. The author’s emphasis is placed on the importance of the impact of financial determinants of the households’ economic behaviour, the central place among which is occupied by savings.

Yoga as an Innovative Solution for Financial Growth of Companies

2018 ◽  
Vol 11 (1) ◽  
Author(s):  
Ipseeta Satpathy ◽  
B. Chandra Mohan Patnaik ◽  
Chandrabhanu Das
Keyword(s):  
Inventory Management ◽  
Internal Control ◽  
Positive Impact ◽  
Cost Savings ◽  
Well Being ◽  
Primary Data ◽  
Financial Health ◽  
Antibiotic Drugs ◽  
Lifestyle Diseases ◽  
The Impact

The existence of Yoga dates back to more than ten thousand years around India and all nations. The Hindu Mythology considers the genesis of Yoga by incorporating Lord Shiva as Guru and Goddess Parvati as Shishya. Gradually with the development of civilization mankind assessed the benefits of this spiritual discipline and different leaders propagated the Yoga in different ways.In this era of 21st century Baba Ramdev propagated the yoga sutras with simple and effective techniques. The Pranayam and Suryanamaskar are the popular routines practiced by many followers of Baba Ramdev. Today Yoga is practiced as a way of Living to prevent Lifestyle diseases, combat stress and rejuvenate self. Yoga has gained immense popularity over the years with July 21st being celebrated as International Yoga Day. Corporate are also now introducing Yoga for employees as a means to relieve their stress and improve productivity. Long Hours of sitting, standing and excessive use of electronic gadgets puts pressure on bones, joints and responsible for Lifestyle diseases. Yoga is now increasingly used as a wellness solution replacing high cost antibiotic drugs. Employee well-being leads to Cost Savings in terms of personnel by reduced payment of Insurance and Medical Bills. The paper studies the Impact of Yoga to Financial benefits in MSME Organizations in Odisha in light of three different perspectives of Internal Control, Inventory management and Cash Flow. The primary data was collected from a sample of 155 high profile finance executives working in the MSME sector. Ranking Table and Regression Analysis Methodology was used to derive meaningful conclusions. The research takes initiative to transform the effectiveness of Yoga into improved financial health for the Organization. The observation from the study interprets a positive impact of Yoga on good financial health of Organization.

How Does Public Debt Affect the Indian Macroeconomy? A Structural VAR Approach

2020 ◽  
Vol 14 (3) ◽  
pp. 253-284
Author(s):  
Ranjan Kumar Mohanty ◽  
Sidheswar Panda
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Public Debt ◽  
Positive Impact ◽  
Decomposition Analysis ◽  
Structural Var ◽  
Adverse Impact ◽  
Mixed Effect ◽  
Domestic Debt ◽  
The Impact

The study investigates the macroeconomic effects of public debt in India during 1980–2017 using a structural vector autoregression framework. The objective is to examine the impact of public debt on the interest rate, investment, inflation and economic growth in India. The results of the impulse response functions show that public debt has an adverse impact on economic growth but a positive impact on the long-term interest rate in the short run and a mixed effect (both negative and positive) on investment and inflation. We also find that domestic debt has a more adverse impact on the economy than external debt. The estimated variance decomposition analysis finds that much of the variation in selected macro variables are explained by public debt and growth in India. This study suggests that public debt especially domestic debt should be controlled and channelled productively to have a favourable impact on the economy. JEL Classification: H63, O40, C40

scholarly journals Social Evaluation of Public Open Space Services and Their Impact on Well-Being: A Micro-Scale Assessment from a Coastal University

2021 ◽  
Vol 13 (8) ◽  
pp. 4372
Author(s):  
Abdullah Addas ◽  
Ahmad Maghrabi
Keyword(s):  
Open Space ◽  
Environmental Changes ◽  
Positive Impact ◽  
Well Being ◽  
Social Evaluation ◽  
Open Spaces ◽  
Rapid Urbanization ◽  
Public Open Space ◽  
The Impact ◽  
Public Open Spaces

Public open spaces services have been shown to be profoundly affected by rapid urbanization and environmental changes, and in turn, they have influenced socio-cultural relationships and human well-being. However, the impact of these changes on public open space services (POSS) remains unexplored, particularly in the Saudi Arabian context. This study examines the socio-cultural influence of POSS on the King Abdulaziz University campus, Jeddah, Saudi Arabia and the impact of these services on well-being. A field survey and questionnaire were used to collect data. Non-parametric tests (Kruskal–Wallis and Mann–Whitney tests) were used to find significant differences in the importance of POSS as perceived by stakeholders based on socio-demographic attributes. Factor analysis was performed for 14 POSS to identify those that are most important. The study showed that (i) university stakeholders are closely linked to services provided by public open spaces (POS) and dependent on POSS, (ii) there were significant differences in the perceived importance of POSS according to gender, age, and social groups, and (iii) 70 to 90% of stakeholders reported POSS as having a positive impact on well-being. Thus, the findings will help design and plan POSS to meet the needs of society and promote well-being.

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