Solow economy model

2019 ◽  
pp. 150-157
Author(s):  
Oleksandr Synenko ◽  
Kateryna Yarema ◽  
Yuliia Bezsmertna
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Solow Model ◽  
Economy Model ◽  
Accelerated Depreciation ◽  
Basic Parameters ◽  
The Subject ◽  
Investment Process ◽  
The Impact ◽  
Model Algorithm

The subject of the research is the approach to the possibility of using the Solow model to perform the regression analysis on the example of the Ukrainian economy model. The purpose of writing this article is to investigate the notion of regres- sion analysis, Solow’s economy model, algorithm for performing regression analy- sis on the example of Ukraine’s economy model. This model can be adapted for the economy of enterprises. Methodology. The research methodology is system-struc- tural and comparative analyzes (to study the structure of GDP); monograph (when studying methods of regression analysis on the example of the Ukrainian economy); economic analysis (when assessing the impact of factors on Ukraine’s GDP). The scientific novelty consists the features of the use of the Solow model on the ex- ample of Ukrainian economy are determined. An algorithm for calculating the basic parameters of a model using the Excel application package is disclosed. The main recommendations on the development of the national economy and economic growth through the use of macroeconomic instruments are given. Conclusions. The use of the Solow model enables forecasting and analysis. The results obtained re- vealed the problem of low resource return of capital as a resource, along with the means of macroeconomic regulation of the investment process, using which can improve the situation. A special place in these funds belongs to the accelerated depreciation and interest rate policies.

Assessment of sensitivity of the efficiency of regional tax spending towards investment attractiveness of the types of economic activity carried out by the residents of advanced development territory

2020 ◽  
pp. 98-110
Author(s):  
Evgeniya Mikhailovna Popova ◽  
Guzel Mukhtarovna Guseinova ◽  
Sergei Borisovich Milov
Keyword(s):  
Economic Activity ◽  
Socioeconomic Development ◽  
Federal District ◽  
Tax Incentives ◽  
Capital Investments ◽  
The Subject ◽  
Investment Process ◽  
The Impact ◽  
Advanced Development

The deficit of subnational budgets and deceleration capital investments in multiple Russian regions increase the relevance of research aimed at improvement of tax incentivizing practice of the regional investment process. The studies focused on determination of the impact of socioeconomic and institutional factors upon the efficiency of investment tax expenses obtained wide circulation within the foreign scientific literature. The subject of this article is the assessment of sensitivity of the efficiency of regional tax expanses towards investment attractiveness of the types of economic activity carried out by the residents of territories of advanced socioeconomic development, created in the subjects of Far Easter Federal District. The scientific novelty and practical values of this research consists in substantiation of the reasonableness of assessment of investment attractiveness of the types of economic activity that are stimulated by tax incentives. Methodology for assessing investment attractiveness is proposed and tested. The conclusion is made that in case of low investment attractiveness of the type of economic activity, which was planned to support by tax incentives, it is required to conduct and additional analysis to avoid unjustified tax expanses.

Anthropology and Development: The 1998 ICAES Discussion

1999 ◽  
Vol 21 (1) ◽  
pp. 44-48
Author(s):  
Suzanne Hanchett
Keyword(s):  
Economic Growth ◽  
Broad Spectrum ◽  
International Congress ◽  
Development Projects ◽  
Subsequent Discussion ◽  
The Subject ◽  
The Impact

Despite our failures, anthropological thinking has made an impact on development, said Paolo Palmeri (of the Universita degli Studi, in Padova, Italy) as heintroduced the first of two sessions on anthropology and development at the fourteenth meeting of the International Congress of Anthropological and Ethnological Sciences (ICAES) at the College of William and Mary in Williamsburgh, Virginia, July 1998. We have "kept people in the picture," he continued, and we have expanded the concept of "development" beyond mere economic growth. Subsequent discussion at this and a second session exposed a broad spectrum of opinion about the subject. Some expressed similarly positive views, while others pressed urgent questions and concerns about the impact of anthropology on development and, more importantly, the impact of some big development projects on people supposedly benefitting from them.

A Study on the Impact of Industrial Concentration on the Economic Growth Based on the Analysis of Gini Coefficient of the Construction Regions

2010 ◽  
Vol 29-32 ◽  
pp. 2703-2708
Author(s):  
Xiao Zheng ◽  
Zhen Ning Liu
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Construction Industry ◽  
Gini Coefficient ◽  
Local Communities ◽  
Local Economy ◽  
Industrial Concentration ◽  
Southeast China ◽  
The Impact

This paper reveals the concentration status of the construction industry in the 8 provinces of southeast China, its impact on the local communities, and proposes a tentative plan to stimulate local economy through industrial concentration based on the measurement and calculation of Gini coefficient in the 8 provinces and regression analysis of their population and output of steel and concrete.

scholarly journals An Attempt to Assess the Quantitative Impact of Institutions on Economic Growth and Economic Development

2014 ◽  
Vol 38 (1) ◽  
pp. 7-30
Author(s):  
Mariusz Próchniak
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Empirical Analysis ◽  
Economic Freedom ◽  
Institutional Environment ◽  
Positive Impact ◽  
Policy Implications ◽  
Regression Equations ◽  
Solow Model ◽  
The Impact

Abstract This study aims at assessing to what extent institutional environment is responsible for worldwide differences in economic growth and economic development. To answer this question, we use an innovative approach based on a new concept of the institutions-augmented Solow model which is then estimated empirically using regression equations. The analysis covers 180 countries during the 1993-2012 period. The empirical analysis confirms a large positive impact of the quality of institutional environment on the level of economic development. The positive link has been evidenced for all five institutional indicators: two indices of economic freedom (Heritage Foundation and Fraser Institute), the governance indicator (World Bank), the democracy index (Freedom House), and the EBRD transition indicator for post-socialist countries. Differences in physical capital, human capital, and institutional environment explain about 70-75% of the worldwide differences in economic development. The institutions-augmented Solow model, however, performs slightly poorer in explaining differences in the rates of economic growth: only one institutional variable (index of economic freedom) has a statistically significant impact on economic growth. In terms of originality, this paper extends the theoretical analysis of the Solow model by including institutions, on the one hand, and shows a comprehensive empirical analysis of the impact of various institutional indicators on both the level of development and the pace of economic growth, on the other. The results bring important policy implications.

scholarly journals Economic Growth : The Impact of Zakat Funds and Tax on Business Capital

IKONOMIKA ◽  
2020 ◽  
Vol 5 (2) ◽  
pp. 141-156
Author(s):  
Sri Dewi Anggadini (Universitas Komputer, Indonesia) ◽  
Surtikanti Surtikanti (Universitas Komputer, Indonesia) ◽  
Faez M. Hassan (Mustansiriyah University, Iraq)
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Statistical Analysis ◽  
Data Processing ◽  
Multiple Regression Analysis ◽  
Distribution Data ◽  
Regression Equations ◽  
West Java ◽  
Local Taxes ◽  
The Impact

This study aims to determine the effect of Zakat Funds and Tax on Business Capitales on Economic Growth. The population in this study is the data of the Province of West Java from 2010 to 2017 where the economic growth report, Tax on Business Capital report and zakat fund distribution report are used.   The sample taken by the author in this study is the Zakat Fund Distribution Data, Tax on Business Capital Data and the Gross Regional Domestic Product (PDRB) data of West Java Province from 2010 to 2017. Researchers used multiple statistical analysis and correlation methods. To obtain more accurate results in multiple regression analysis, classic assumption testing is executed so that the results obtained are regression equations. The results of the study show that the Zakat Fund Distribution and Tax on Business Capital data have a significant effect on economic growth. Based on data processing, it shows that the distribution of zakat funds and local taxes simultaneously in providing an influence on economic growth variables of 76%. While the rest of 100% - 76% = another 24%  is the influence of other variables not examined in this study.Keywords : Zakat Funds; Tax on Business Capital; Economic Growth

scholarly journals Impact of Tourism Industry on the Economic Growth of Sri Lanka

2020 ◽  
Vol 10 (4) ◽  
pp. 60
Author(s):  
S. Anandasayanan ◽  
S. Balagobei ◽  
M. Amaresh
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Sri Lanka ◽  
Foreign Currency ◽  
Unit Root Test ◽  
Tourism Industry ◽  
Annual Data ◽  
Tourism Sector ◽  
Independent Variable ◽  
The Impact

In Sri Lanka, tourism has been identified as the third largest and fastest growing source of foreign currency in 2018, after private remittances and textile and garment exports, accounting for almost $4.4 billion or 4.9 percent of gross domestic product in 2018. Tourism industry is a key element which accelerates the economic growth by earning high foreign exchange and reducing poverty by providing direct and indirect employment opportunities to locals. This study primarily investigates the impact of between tourism sector on economic growth by employing Augmented Dickey Fuller’s unit root test, correlation analysis and regression analysis. Annual data from 1989 to 2018 was used. The dependent variable was economic growth while tourists’ receipts were independent variable. Strong and positive correlation was explored between tourists’ receipts and economic growth meanwhile the results of regression analysis indicate that tourists’ receipts significantly impact on the economic growth.

scholarly journals Assessment of foreign direct investment, export and economic growth on the example of Kazakhstan

2016 ◽  
Vol 13 (4) ◽  
pp. 130-135 ◽  
Author(s):  
Tolkyn Azatbek ◽  
Altay Ramazanov
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Regression Analysis ◽  
Direct Investment ◽  
Jel Classification ◽  
Method Of Calculation ◽  
Correlation And Regression Analysis ◽  
Net Exports ◽  
The Republic ◽  
The Impact

The article considers the problem of estimating the communication of foreign direct investment, net exports and economic growth. As an example, the Republic of Kazakhstan is taken. Based on the method of calculation of the gross domestic product (GDP) expenditure and using the method of regression analysis, the impact of foreign direct investment (FDI) and net exports to GDP and interaction of FDI and net exports as components of GDP are evaluated. Keywords: investment, FDI, GDP, net exports, economic growth, correlation and regression analysis. JEL Classification: А10, C20, C35, E22, F37, F43

scholarly journals The Impact of ICT and FDI as Drivers to Economic Growth In ASEAN-8 Countries: A Panel Regression Analysis

2021 ◽  
Vol 9 ◽  
pp. 91-98
Author(s):  
Noraina Mazuin Sapuan ◽  
Mohammad Rahmdzey Roly
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Regression Analysis ◽  
Panel Regression ◽  
Information And Communication ◽  
Asean Countries ◽  
Using Data ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

Over the last few years, information and communication technology (ICT) has become a key catalyst for economic growth. The durability of this technology is demonstrated by the rapid proliferation of the Internet, mobile phones and cellular networks across the globe. However, among economic scholars, the question of exactly how the spread of ICT affects economic development and FDI, especially in ASEAN countries with differences in levels of income, remains unanswered. The aim of this study was essentially to explore the relationship between ICT dissemination, FDI and economic growth in ASEAN-8 countries. By using data from 2003 to 2017, the panel regression analysis was used to evaluate these relationships. The results showed that the dissemination of ICT and FDI are important and they have a positive effect on the ASEAN-8 countries’ economic development.

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