scholarly journals FINANCIAL MANAGEMENT IN ECONOMIC GROWTH OF TRANSITION COUNTRIES IN KOSOVO WILL BE SPECIAL

2018 ◽  
Vol 28 (1) ◽  
pp. 165-169
Author(s):  
Baki Koleci
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Management ◽  
Banking Industry ◽  
Negative Impact ◽  
Banking System ◽  
Transition Countries ◽  
Investment Funds ◽  
Ongoing Research ◽  
Explanatory Variables

The link between financial management and economic growth is a matter that is constantly being studied and discussed by various authors. The banking industry is an important source of economic development in the country, both in the private and public sectors. The lack of data for a multi-annual period remains a continuing problem for Kosovo's economy. Through multiannual data researchers and scholars will be able to draw the most accurate conclusions for transition countries.Through this study, we will show the empirical link between financial management, the banking system, economic growth in transition countries, and especially data from Kosovo. We will domenstrate throw the Regression Model (OLS) and three explanatory variables: Inflation, Credit to Household Economics and Credit Enterprise, we will reach the hypothesis conclusion.The results of regression show a positive and negative correlation between financial management, credit, and economic growth. From the results obtained, lies the hypothesis: where credit to households has a negative impact on economic growth. But the hypothesis is based: where the credit of the enterprise has a positive economic growth, while the offspring turns negative with economic growth.The purpose of this work is to fill this poor gap. New and ongoing research makes data completion, delivering the most accurate results and scope for improving financial policies.Various banking functions point to their importance for an effective and stable banking system as indispensable for the country's economy. Therefore, bank supervisors have an increased responsibility for monitoring and maintaining the healthy operation of a banking industry in a country. Moreover, individual entrepreneurs or investors usually lack sufficient capital to continue with their projects. Commercial banks provide mediation services that unite savers and investors by channeling theoretically investment funds for uses that bring the highest rate of return, increasing the specialization and division of labor (Todaro, 2003). The neoclassical growth model tells us that an increase in effective savings investments in new and innovative projects is one of the main economic growth generators (quoted in Armenta). The provision of credit is of utmost importance because mobilized assets can be rationally utilized, using them in the sphere of production, speeding up the reproduction process, turnover and other sectors, which are accounted for as sectors that accelerate economic development. Loans are very important and one of the main factors in stimulating economic development in the region, so the focus in the first part of this paper will be analysis of the role of loans and their impact on economic growth (credit growth in GDP) , where the main interest in this paper will be Kosovo.

scholarly journals CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINE

2021 ◽  
Vol 5 (40) ◽  
pp. 135-144
Author(s):  
V. Marhasova ◽  
I. Ruzhytskyi ◽  
N. Tkalenko ◽  
T. Shestakovska ◽  
O. Mykhailovska
Keyword(s):  
Public Finance ◽  
Economic Development ◽  
Asset Management ◽  
Financial Management ◽  
Local Economic Development ◽  
Public Confidence ◽  
Financial Assets ◽  
Investment Funds ◽  
Financial Capacity ◽  
Finance Management

Abstract. The article describes the approaches to defining the essence of understanding «public finance» and «public finance management» in the context of administrative and financial decentralization. A study on the current state of economic development of Ukraine is carried and the public financial management system is analyzed. The dynamics of the ratio of revenues and expenditures of the State and local budgets is shown and the national and subnational levels in the financing of public expenditures are described. The sequence of achieving a new level of welfare of the population is presented and the ways of state influence on local economic development are outlined. The content of the state’s activity on financial resources management and public importance of finances is given. Particular attention is paid to the financial capacity of UTC and the existing positive developments within the decentralization reform in Ukraine. The need to improve the management of public finances was emphasized, as it was evidenced by the size of the budget deficit. The division of budget expenditures by functional classification between the national and subnational levels is presented and the decline of financial independence of subnational budgets is witnessed. An assessment of the level of confidence in financial asset management services of territorial communities based on the calculation of the relevant index is made, and the relationship between the selected indicators (the monetary expenditures of the population; deposits of individuals in investment funds; population savings; volume of capital investments; volume of investments in Ukraine; assets of investment funds) and the level of public confidence in the management of UTC financial assets is researched.  Keywords: financial management, public finance, financial capacity of territorial communities, financial assets. JEL Classification H70, H89, R59, Q01 Formulas: 1; fig.: 5; tabl.: 3; bibl.: 20.

Impact of Foreign Capital on Economic Development in India: An Econometric Investigation

2017 ◽  
Vol 18 (3) ◽  
pp. 766-780 ◽  
Author(s):  
Kalpana Sahoo ◽  
Narayan Sethi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Capital ◽  
Negative Impact ◽  
Positive Impact ◽  
Private Investment ◽  
Series Data ◽  
Domestic Investment ◽  
Long Run ◽  
Foreign Private Investment

The present study empirically investigates the long-run causal relationship between foreign capital and economic development in India by using the annual time-series data from 1990–1991 to 2013–2014. The study uses some selected macroeconomic variables such as per capita government expenditure on education (PcGEE, as an indicator of economic development), gross domestic product (GDP, as an indicator of economic growth), gross capital formation (GCF, as an indicator of domestic investment), official development assistance (ODA, as an indicator of foreign official inflows) and foreign direct investment (FDI, as an indicator of foreign private investment) for its empirical analysis. By using the cointegration test and the vector vector-error correction model (VECM) technique, this study finds that in the long run, domestic investment has shown a significant and positive impact on economic development, whereas, ODA, FDI and GDP have shown a significant negative impact on it. It concludes that domestic investment, foreign capital along with economic growth have a significant impact on economic development in India in long run. It suggests that the national developmental policy of India should focus on the productive utilization of both domestic and foreign capital along with it should give emphasis on effective transformation of growth benefits towards development process.

scholarly journals Modeling the impact assessment of agricultural sector on economic development as a basis for the country’s investment potential

2019 ◽  
Vol 16 (3) ◽  
pp. 229-240
Author(s):  
Alina Bukhtiarova ◽  
Arsen Hayriyan ◽  
Victor Chentsov ◽  
Sergii Sokol
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Manufacturing Sector ◽  
Value Added ◽  
The Cost ◽  
The Impact

In the context of countries integration into the world economic space, agricultural sector is one of the priorities and strategically important sectors of the national economy. Development of instruments aimed to increase investment potential of this sector is therefore an important component of the country’s economy growth. The article proposes a science-based model of the impact of the agricultural sector on the economic development level of countries trying to move towards European integration.It was found that the employment rate (+58.4) has the largest influence on the rate of GDP change in the studied group of countries (Ukraine, Moldova, Georgia, Armenia). The impact of the gross value added of the manufacturing sector on its economic growth is positive (+44.6). The negative foreign direct investment ratio in the model (–40.3) may be due to the fact that the indicator in the studied countries is still largely influenced by the intervention of the state mechanism, significant uncertainty and risk, which is a deterrent to the overall economic development. An important result of the study was that foreign direct investment had a negative impact on economic growth in developing countries. Further development of the investment potential of a country’s agricultural sector provides for a radical acceleration of scientific and technological progress and, on this basis, a reduction in the cost of a unit of agricultural products and food and an increase in their competitiveness in the domestic and world markets.

scholarly journals THE RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH OF PAKISTAN

2019 ◽  
Vol 58 (1) ◽  
pp. 115-124
Author(s):  
Rummana Zaheer ◽  
Shahana Kiramat
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Positive Impact ◽  
Secondary Data ◽  
Significant Relation ◽  
Explanatory Variables ◽  
Augmented Dickey Fuller ◽  
The Relationship

Although it is very common to argue that the foreign direct investment is beneficial for the economic development of a nation. This exploration investigates the connection amongst FDI and economic development in case of Pakistan. In this study secondary data from 1985 to 2016 is taken to examine the relationship. The investigation included GDP as explained and exports and FDI as explanatory variables. To check data either it is stationary or not the study used Augmented Dickey Fuller test in our study. After making data stationary we have used OLS method to investigate the nature of relationship between the variables. Our results show that there is direct link amongst explained and explanatory variable. The findings also show that there is significant relationship between FDI and economic growth. After analyzing the calculations we came to know that foreign direct investment is a significant element for the economic development because it has positive impact and have significant relation with growth of an economy. Since FDI is an impressive element in economic development so, government should take steps to attract the foreign investors and make policies to encourage the trade liberalization to gain more from the foreign investment.

KAJIAN HUKUM MENGENAI PERANAN LPS DALAM PENJAMINAN DANA NASABAH PADA PERBANKAN DI INDONESIA

2017 ◽  
Vol 3 (2) ◽  
pp. 46
Author(s):  
Erna Susanti
Keyword(s):  
Economic Growth ◽  
Deposit Insurance ◽  
Banking Industry ◽  
Banking System ◽  
Equal Protection ◽  
Investment Strategies ◽  
Public Funds ◽  
Safety And Health ◽  
Effective System ◽  
The Government

Undang-undang Nomor 10 Tahun 1998 tentang Pemerintah Daerah mandates the establishment of a LPS (Deposit Insurance Agency) as the executor of the guarantee of public funds. one approach is needed separately to build a healthy banking system and strong is to give customers assurance that eksplisif for storage. LPS can function regulate safety and health of banks in general and conduct oversight by monitoring the balance, the practice of lending and investment strategies. In establishing a permanent guarantor institutions needed reform measures of the banking system as a prerequisite for effective system. Two basic reasons for the government to facilitate the establishment of LPS is the belief in the banking industry is very important for economic growth and the banking system is well controlled to minimize the occurrence of bank insolvency, and bankruptcy itself can be predicted and is an event that can be prevented. Also crucial is also a consideration equal protection of small customers from bankers who are not responsible is an approach that is fair and appropriate. In such conditions the bank can operate in a consistent and reliable to provide credit in the amount sufficient for the health of the economy.

Fiscal policy as a source of economic growth

2017 ◽  
pp. 5-26 ◽  
Author(s):  
A. Kudrin ◽  
A. Knobel
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Negative Impact ◽  
Potential Effect ◽  
Structure Change ◽  
Fiscal Multiplier ◽  
Multiplicative Effect ◽  
General Government ◽  
Multiplicative Effects

We investigate mechanisms of budget expenditures structure influence on economic development. General government fiscal multiplier in various functional directions is estimated. We show that productive expenses in general have bigger multiplicative effect on GDP, than unproductive ones. By means of multiplicative effects models estimation for various functional items we calculate potential effect on economic growth of the budget maneuver in favor of productive expenses and the implemented effect of the recent years budget expenditures structure change. We show that resources redistribution from non-productive expenses to productive ones could increase long-term rates of economic growth approximately by 0,8 p. p. per year. On the contrary, the budget expenditures structure change observed during 2011-2017 has a negative impact on average annual rates of economic growth about 0,3 p. p. per year.

scholarly journals Influence De La Bancarisation Et Du Credit Bancaire Sur La Croissance Economique Dans La Zone Cemac

2016 ◽  
Vol 12 (31) ◽  
pp. 373
Author(s):  
Noula Armand Gilbert ◽  
Bkwayep Nguemnang Y. Rodrigue ◽  
Mba Fokwa Arsène
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Time Series Data ◽  
Least Squares Method ◽  
Banking System ◽  
Generalized Least Squares ◽  
Bank Credit ◽  
Series Data ◽  
Cd Rom ◽  
Explanatory Variables

The CEMAC countries have decided to develop the banking sector to ensure economic growth48 for a sustainable development, given that the banking system leads to investments. Our study aims at analyzing the influence of bank credit and banking rate on economic growth in the CEMAC zone from time series data during 1980-2014 (CD -ROM, WBI- 2014). The econometric analysis that we have chosen was inspired by the generalized least squares method. The model we preferred was that of Hague (2000) where the Gross Domestic Product is the dependent variable for assessing the level of economic growth while the bank credit and the banking rate are the main explanatory variables. The results indicate that the variables are significant thus, the banking rate affects economic growth positively. Following these results one could think about new strategies that will help increase the banking rate which is still very low in the Sub-region.

scholarly journals Implications of Retrenchment in the Banking Industry for Economic Growth: A Study of Selected Commercial Banks in Uyo, Nigeria

2017 ◽  
Vol 15 (2) ◽  
Author(s):  
Ubong Nnana Umanah ◽  
Aniefiok S. Ukommi ◽  
Ambrose Osita Agwu
Keyword(s):  
Economic Growth ◽  
Commercial Banks ◽  
Banking Sector ◽  
Banking Industry ◽  
Banking System ◽  
Negative Effects ◽  
Secondary Sources ◽  
Banking Reforms

The study identifies and analyses the sociological implications of workers’ retrenchment in the banking industry on Nigeria’s economic growth using selected commercial banks in Uyo as reference. The paper argues that banking reforms in terms of rationalization, capitalization and merger have negative effects on economic growth (rather than enhancing the development) of any country. Data were gathered from selected commercial banks in Uyo, Akwa Ibom State of Nigeria through the use of questionnaires and from secondary sources such as statistical publications and other relevant materials. Findings show that retrenchment of workers in the banking industry instead of promoting growth resulted in loss of depositors’ confidence in the banking sector which also brought about loss of funds in the banking system and therefore stunt economic growth. The study recommends that training and retraining of workers should be given priority attention in the industry to improve their capacity for new demands.

scholarly journals An Exploratory Analysis on Entrepreneurial Culture and Financial Education Between Students of the Veracruzana University, Veracruz Region

2017 ◽  
Vol 9 (1) ◽  
pp. 199
Author(s):  
Ignacio Ortiz Betancourt
Keyword(s):  
Economic Growth ◽  
Financial Management ◽  
Negative Impact ◽  
Financial Education ◽  
Exploratory Analysis ◽  
Mexican Families ◽  
Use Of Resources ◽  
Entrepreneurial Culture ◽  
Medium Level ◽  
High Level

Entrepreneurial culture and financial education have become two of the most relevant issues on the international agenda, since they are considered as elements in favor of the efficient use of financial resources, as well as they are important for the identification of opportunities which favor the development of self-employment projects, contributing to local economic growth. Nevertheless, Mexican financial authorities note that there is an environment with gaps and deficiencies in terms of financial education, which is more evident among the rural population and sectors of lower education and socioeconomic level, causing inefficient use of resources and a poor culture of financial management, which undoubtedly compromises the stability of most Mexican families. In addition, this lack of financial education has a negative impact on the development of entrepreneurial projects, generating greater economic and social problems, taking into account that entrepreneurship is a mechanism that contributes to the creation of jobs and encourages economic growth. Based on these premises, this study aims to identify the level of entrepreneurial culture and financial education among Universidad Veracruzana students, through a descriptive and exploratory analysis; results shown a high level of entrepreneurial culture and a medium level of financial education but a weak positive correlation among them.

scholarly journals Industri Perunggasan: Memadukan Pertumbuhan dan Pemerataan

2016 ◽  
Vol 20 (1) ◽  
pp. 50 ◽  
Author(s):  
NFN Saptana ◽  
Rosmijati Sayuti ◽  
Khairina M. Noekman
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Negative Impact ◽  
Government Policies ◽  
Efficiency Improvement ◽  
Poultry Industry ◽  
Structural Problems ◽  
Long Run ◽  
Accelerate Growth ◽  
The Government

<p><strong>English<br /></strong>Regarding sustainable economic development, the government have to consider three main roles, i.e. : to accelerate growth through efficiency improvement, to generate equity and justice, and to maintain stability as well as macro-economic growth. The economic system being exclusively bias to one of the said economic dimensions will not sustainable in the long-run. The assessment which accommodate complementary growth and equity on poultry industry is important, due to structural problems on the respective industry, in addition to marginalization of smallholder poultry farmers. Government policies being bias toward economic growth in the condition of economic crisis have substantial negative impact on national poultry industry.</p><p> </p><p><strong>Indonesian<br /></strong>Dalam konteks pembangunan ekonomi berkelanjutan pemerintah mempunyai tiga fungsi sentral yaitu meningkatkan efisiensi guna mempercepat pertumbuhan, menciptakan pemerataan dan keadilan, memacu pertumbumhan ekonomi secara makro dan menjaga stabilitasnya. Suatu sistem perekonomian yang bias ke salah satu tujuan akan menghasilkan kinerja pembangunan ekonomi yang rapuh. Dalam kontek ini, kajian yang memadukan antara pertumbuhan dan pemerataan pada industri perunggasan di pandang sangat relevan, karena pada bidang usaha ini telah terjadi ketimpangan struktur pasar input, pasar hasil (output), integrasi vertikal dan horisontal, dan tersisihnya peternakan rakyat. Kebijakan pemerintah yang bias ke pemacuan pertumbuhan ekonomi adanya dampak krisis ekonomi berkepanjangan telah berdampak buruk pada kinerja industri perunggasan</p>

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