scholarly journals Monetization Factor of the Region as an Indicator of Financial Depth of Economy

Vestnik NSUEM ◽  
2019 ◽  
pp. 171-183
Author(s):  
Yu. V. Kuvaeva
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Money Supply ◽  
Gross Regional Product ◽  
Macroeconomic Theory ◽  
Financial Depth ◽  
Level Of Economic Development ◽  
Regional Product ◽  
National Economies

The role of financial system in the development of national economies has been widely discussed in Russian and foreign literature in recent years.The article covers the analysis of the influence of financial depth of economy on the level of its development.The theoretical provisions of macroeconomic theory describing relation between the level of development of financial sector and economic growth formed the methodological base of the study.The aim of the study is examination of the possible influence of one indicator of financial depth of economy of closed territorial formations inside the state of federative framework on the level of economic development of the relevant region.The analysis revealed the main trends in the «money supply/gross regional product» – «level of economic development of the region» frame; the suggestions about reasons of their emergence were expressed.

Efficiency Driven Effect of Education in China: The Perspective of Global Competitiveness and Graduate Education

2021 ◽  
Vol 1 (1) ◽  
pp. 36-43
Author(s):  
Jia Liu ◽  
Lun Li
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Economic Development ◽  
Practical Significance ◽  
Education Policies ◽  
Global Competitiveness ◽  
Higher Education Policies ◽  
Level Of Economic Development ◽  
Education In China

Capital, natural resources, technology and education are often considered to be the most important factors in improving the level of economic development. China is in the "efficiency-driven" stage of economic development. There are objective laws in the development of education level and economic growth, but they interact with each other. Economic growth provides the foundation and necessary conditions for the development of education. At the same time, the role of education in promoting economic growth is also very obvious. Based on the perspective of postgraduate training, this paper studies the role of education in economic efficiency-driven, through the study of theory, data collection and empirical analysis, combined with the development characteristics of China's higher education, and compares China's and US higher education policies to guide China's higher education. The development of education, and then promote the transformation of China into the "innovation-driven" stage, has certain theoretical and practical significance.

Influence of ICT on the Competitiveness of the Trade Sector in Kazakhstan

2021 ◽  
Vol 4 (62) ◽  
pp. 23-36
Author(s):  
Akan Nurbatsin ◽  
Vasa Laszlo
Keyword(s):  
Economic Growth ◽  
Cluster Analysis ◽  
Economic Development ◽  
Innovation Activity ◽  
Financial Policy ◽  
Theoretical Frameworks ◽  
Level Of Economic Development ◽  
Regional Product ◽  
Key Indicators ◽  
Economic Growth Factors

The theoretical frameworks of economic growth are considered, and key indicators for assessing the economic development of regions are identified. A cluster analysis of Kazakhstan's regions was conducted, according to a set of economic growth factors. Based on the results of the analysis, a classification of the country's regions is proposed. The level of economic development of regions, according to the theory of sustainable economic growth, was estimated using a number of indicators, which include innovation activity, human capital, private capital, public capital, regional accessibility, regional concentration, and gross regional product (GRP) per capita. Thus, with the help of cluster analysis of factors of socio-economic development of Kazakhstan's regions, we were able to structure indicators of their economic growth by the degree of similarity, and identify 8 regional clusters. The results obtained can be used in the formation of economic, social, and financial policy of the state, taking into account regional features of the Republic's development.

scholarly journals EVALUATION OF THE INFLUENCE OF FACTORS OF THE REGIONAL ECONOMIC DEVELOPMENT ON THE GROSS REGIONAL PRODUCT

2019 ◽  
Vol 8 (5) ◽  
Author(s):  
Rezeda M. Kundakchyan ◽  
Tina M. Vakhitova ◽  
Landysh A. Gadelshina ◽  
Liliya F. Garifova ◽  
Liliya F. Zulfakarova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Large Scale ◽  
Qualitative Change ◽  
Gross Regional Product ◽  
Economic Interpretation ◽  
Social And Economic Development ◽  
Investment Resource ◽  
The Republic ◽  
Regional Product

The problem of economic growth has always been central to the discussions not only of professional economists, but also of politicians and public figures. This issue is of particular urgency for Russia in the period of geopolitical turbulence, which is strengthened by the tendencies of protectionism in international trade. In addition, there is a different dynamics of economic growth, its quality, both in the sectoral and regional sections. In this regard, the analysis of the influence of the main factors contributing to economic growth, qualitative change in the structure of gross domestic product (GDP), gross regional product (GRP), has a significant applied value. Priorities of innovative quality of growth that require large-scale investments are stated in Strategy-2020 and in “Strategy of Social and Economic Development of the Republic of Tatarstan until 2030”.Without assessing the role of the investment resource, it is impossible to determine the strategies for the country's social and economic development, to develop and implement general state, sectoral and regional programs. One approach that makes it possible to quantify the degree of influence of such key factors of economic growth as investments and incomes of the population, including the average monthly wage, is based on the use of econometric models and economic interpretation of the coefficients of the models obtained

The monetization coefficient of the region and its impact on the development of a territorial unit’s economy

2019 ◽  
Vol 5 (3) ◽  
pp. 235-250
Author(s):  
Yulia V. Kuvaeva
Keyword(s):  
Economic Development ◽  
Regional Economy ◽  
The State ◽  
Developed Economies ◽  
Bank Deposits ◽  
Financial Depth ◽  
Level Of Economic Development ◽  
Mutual Relations ◽  
National Economies ◽  
The Impact

In recent years, the role of the financial system in the development of national economies has been widely discussed in the global and national economic literature. This article analyzes the influence the financial depth of economy has on the level of its development in some Russian regions. Notably, the notion of “financial depth of economy” is not yet sufficiently studied, and therefore, the analysis of the impact, which individual indices of “financial depth” have on the level of development of territorial entities within the state, has not received sufficient attention. The methodological basis of the study includes theoretical foundations of macroeconomic theory, describing the existence of mutual relations between the level of development of the financial sector and the economic growth. This study aims to study the possible impact of one of the indices of the financial depth of the regional economy — the coefficient of monetization of closed territorial formations within the state, which has a federal structure — on the level of the region’s economic development. The information base of the research consists of the data on 20 constituent entities of the Russian Federation with the highest and lowest value of the statistical index “funds of organizations, bank deposits (deposits) and other borrowed funds of legal entities and individuals”. The results show that the financial depth of the region’s economy according to the index “monetization coefficient” does not exceed 50%, except for two key subjects (Moscow, St. Petersburg), while in the countries with developed economies this index reaches the level of 200%. The calculated determination coefficient indicates an insignificant impact of the factor (monetization of a specific RF entity) on the variation of the effective index (GRP per capita of the sample subject). Thus, the impact of one of the indices of the financial depth of the regional economy — the coefficient of monetization of closed territorial formations — on the level of economic development of the region does not find a corresponding confirmation in the Russian experience.

Кластеризация регионов по факторам экономического роста: на примере Казахстана

2021 ◽  
Author(s):  
A.S. Nurbatsin ◽  
A.A. Kireyeva ◽  
А.С. Нурбацин ◽  
А.А. Киреева
Keyword(s):  
Economic Growth ◽  
Cluster Analysis ◽  
Economic Development ◽  
Innovation Activity ◽  
Financial Policy ◽  
Theoretical Frameworks ◽  
Level Of Economic Development ◽  
Regional Product ◽  
Key Indicators ◽  
Economic Growth Factors

The theoretical frameworks of economic growth are considered, and key indicators for assessing the economic development of regions are identified. A cluster analysis of Kazakhstan's regions was conducted, according to a set of economic growth factors. Based on the results of the analysis, a classification of the country's regions is proposed. The level of economic development of regions, according to the theory of sustainable economic growth, was estimated using a number of indicators, which include innovation activity, human capital, private capital, public capital, regional accessibility, regional concentration, and gross regional product (GRP) per capita. Thus, with the help of cluster analysis of factors of socio-economic development of Kazakhstan's regions, we were able to structure indicators of their economic growth by the degree of similarity, and identify 8 regional clusters. The results obtained can be used in the formation of economic, social, and financial policy of the state, taking into account regional features of the Republic's development. В данной статье рассмотрены теоретические основы экономического роста, определены ключевые показатели оценки экономического развития регионов. Проведен кластерный анализ регионов Казахстана по совокупности факторов экономического роста. По результатам проведенного анализа предложена классификация регионов страны. Уровень экономического развития регионов, согласно теории устойчивого экономического роста, была оценена с использованием ряда показателей, к которым относятся инновационная активность, человеческий капитал, частный капитал, государственный капитал, региональная доступность, региональная концентрация и валовой региональный продукт (ВРП) на душу населения. Таким образом, с помощью кластерного анализа факторов социально-экономического развития регионов Казахстана нам удалось структурировать показатели их экономического роста по степени сходства и выделить 8 региональных кластеров. Полученные результаты могут быть использованы при формировании экономической, социальной и финансовой политики государства с учетом региональных особенностей развития Республики.

scholarly journals Electricity Consumption and Economic Growth: A Time-Series Study on Pakistan

2020 ◽  
Vol V (I) ◽  
pp. 24-37
Author(s):  
Raza Muhammad khan ◽  
Sohail Farooq ◽  
Muhammad Akram Gilal
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Economic Development ◽  
Time Series Data ◽  
Electricity Consumption ◽  
Series Data ◽  
Study Results ◽  
Level Of Economic Development ◽  
Sustainable Economic Growth

In Socio-Economic development, the role of energy is very crucial, and often its consumption indicates the level of economic development and is considered as a vital ingredient of sustainable economic growth. Electricity as a key input variable plays a supreme role in the process of industrialization (IND), Economic growth (GDP) as well as technological progress (TEC) of a country. By utilizing time-series data from 1975 up to 2017, the study attempted to examine the nexus between EC and GDP of Pakistan in the Cobb Douglas production function framework. The study results reveal that EC, labor force, capital stocks, and technology, have positively and significantly affect Pakistans GDP growth. The study concluded and recommended that economic performance cannot be improved in the absence of continuous usage of electricity. Therefore, to achieve the desired economic growth path, uninterrupted electricity consumption is pivotal.

The economy of the Chukotka Autonomous Okrug: On the path from monodependence to diversification

2020 ◽  
Vol 18 (4) ◽  
pp. 662-674
Author(s):  
S.G. Serikov
Keyword(s):  
Economic Development ◽  
Statistical Analysis ◽  
Gross Regional Product ◽  
Key Factors ◽  
Economic Problems ◽  
Analysis Methods ◽  
Socio Economic Development ◽  
Regional Product ◽  
Statistical Analysis Methods

Subject. This article explores the changes in the economic development of the Chukotka Autonomous Okrug during the Soviet and post-Soviet periods. Objectives. The article aims to identify trends and features of the socio-economic development of the Chukotka Autonomous Okrug. Methods. For the study, I used the comparative, computational, constructive, and statistical analysis methods. Results. The article reveals key factors in the growth of the Chukotka Autonomous Okrug's gross regional product and the economic challenges to the region. As well, the article considers and proposes some possible options for further socio-economic development of the Okrug. Conclusions. The Okrug's current socio-economic problems are caused by not objective reasons only, but subjective factors, as well.

Growth and Social Capital: Empirical Analysis of the Relationship

2019 ◽  
pp. 128-134
Author(s):  
Ksenia V. Bagmet
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Economic Development ◽  
Social Development ◽  
Empirical Analysis ◽  
Panel Data Analysis ◽  
Well Being ◽  
Developed Countries ◽  
International Institute ◽  
Level Of Economic Development

The article provides an empirical test of the hypothesis of the influence of the level of economic development of the country on the level of development of its social capital based on panel data analysis. In this study, the Indices of Social Development elaborated by the International Institute of Social Studies under World Bank support are used as an indicators of social capital development as they best meet the requirements for complexity (include six integrated indicators of Civic Activism, Clubs and Associations, Intergroup Cohesion, Interpersonal Safety and Trust, Gender Equality, Inclusion of Minorities), comprehensiveness of measurement, sustainability. In order to provide an empirical analysis, we built a panel that includes data for 20 countries divided into four groups according to the level of economic development. The first G7 countries (France, Germany, Italy, United Kingdom); the second group is the economically developed countries, EU members and Turkey, the third group is the new EU member states (Estonia, Latvia, Lithuania, Romania); to the fourth group – post-Soviet republics (Armenia, Georgia, Russian Federation, Ukraine). The analysis shows that the parameters of economic development of countries cannot be completely excluded from the determinants of social capital. Indicators show that the slowdown in economic growth leads to greater cohesion among people in communities, social control over the efficiency of distribution and use of funds, and enforcement of property rights. The level of tolerance to racial diversity and the likelihood of negative externalities will depend on the change in the rate of economic growth. Also, increasing the well-being of people will have a positive impact on the level of citizens’ personal safety, reducing the level of crime, increasing trust. Key words: social capital, economic growth, determinant, indice of social development.

scholarly journals The role of diversity and tolerance in economic development

2021 ◽  
Author(s):  
Witold Kwasnicki
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Industrial Development ◽  
Evolutionary Process ◽  
Evolutionary Model ◽  
Industry Development ◽  
Radical Innovations ◽  
Long Run

AbstractThis paper presents an evolutionary model of industry development, and uses simulations to investigation the role of diversity and heterogeneity in firms’ behaviour, and hence industrial development. The simulations suggest that economic growth is increased with greater variety, in the sense of the evolutionary process approaching the equilibrium faster and also, in the long run, moving faster from one equilibrium to a new, more advanced, equilibrium. This occurs due to higher variety caused by a more tolerant environment, and due to the higher probability of emergence of radical innovations.

The Role of Entrepreneurial Performance in Supporting Economic Development of Countries: An Empirical Approach

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Valentina Diana Rusu ◽  
Angela Roman
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Social Progress ◽  
Entrepreneurial Performance ◽  
Panel Data Estimation ◽  
Positive Effects ◽  
National Competitiveness ◽  
Key Factor ◽  
Future Economic Development

Abstract Entrepreneurship is recognized as one of the factors stimulating economic growth and increasing economic competitiveness. In addition, the Europe 2020 Strategy has focused its attention on entrepreneurship as a key factor of economic growth, social progress, and employment. In this context, our study examines the role of entrepreneurial performance for sustaining the development of countries, focusing on a sample of European countries. We attempt to reveal if increasing entrepreneurial performance would have significant influence on improving the economic position of countries and their future economic development. Starting from the OECD-Eurostat Entrepreneurship Indicators Programme we use a set of entrepreneurial performance indicators as independent variables and examine to what extent they can influence competitiveness and economic growth, seen as dependent variables of the models. We focus on a period of 10 years (2008–2017) and we apply panel-data estimation techniques. Because the period considered includes the period of the last international financial crisis, we also include in our analysis a dummy variable. Our results emphasize that the changes in entrepreneurial performance play a significant role in enhancing national competitiveness and economic growth. Our findings contribute to the expansion of literature in the field by providing evidence on the correlation of indicators that measure entrepreneurial performance with national competitiveness and economic growth. Moreover, our findings point out the need of the policy makers to adopt measures and policies that help and stimulate entrepreneurs to become more performant because they can generate positive effects to the economy as a whole.

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