Inclusive Growth of Jambi Province

2021 ◽  
Vol 6 (3) ◽  
pp. 181-189
Author(s):  
Zulgani Zulgani ◽  
Faradina Zevaya

Objective - Strong economic growth is an accomplishment that is always awaited and targeted by a country or region. However, whether or not this economic growth has been in line with the reduction in poverty, the decrease in unemployed people, and the provision of many and quality jobs is still in question. Hence, the problem that needs to be investigated is whether the province of Jambi has been in inclusive economic growth and what factors are calculated and analysed for inclusion. Methodology - The method and data used are the adaptation of the main variables used by the Asian Development Bank (ADB), and the measure of the quality of economic growth is assessed from the IGI (Inclusive Growth Index). There is no previous research that scrutinized the Inclusive Growth of Jambi Province. Findings - The results show that IGI of Jambi Province has an increasing trend during the 2016 – 2020 period, although it is stagnant at a satisfactory level of progress. In relation to the level of satisfaction in 2019, it experienced growth compared to the previous year accompanied by an increase in several sub-dimensions such as the sub-dimension of productive workforce, economic infrastructure, poverty, health, education, sanitation and social protection. Meanwhile, the level of satisfaction with economic growth grew negatively, as well as the sub-dimensions of gender equality and constant income inequality. Type of Paper - Empirical Keywords: Economic Growth; IGI; Inclusive Economic; Jambi JEL Classification: O11, O4

Author(s):  
Zulgani Zulgani ◽  
Faradina Zevaya

High economic growth is an achievement that is always expected and targeted by a country or region. However, whether this economic growth has been in line with the reduction in poverty, the decrease in unemployed people, and the provision of many and quality jobs is still in question. Thus, the problem that can be studied is whether Jambi Province has been in inclusive economic growth. And, what factors are calculated and analyzed in determining its inclusiveness. The method and data used are the adaptation of the main variables used by the Asian Development Bank (ADB) and the measure of the quality of economic growth is assessed from the IGI (Inclusive Growth Index). The result shows that IGI Jambi Province has an increasing trend during the 2016 – 2020 period, although it is stagnant at a satisfactory level of progress and at the level of satisfaction in 2019 it experienced growth compared to the previous year accompanied by an increase in several sub-dimensions such as the sub-dimension of productive workforce, economic infrastructure, poverty, health, education, sanitation and social protection.Meanwhile, the level of satisfaction with economic growth grew negatively, as well as the subdimensions of gender equality and constant income inequality. Keywords: Economic Growth, IGI, Inclusive Economic, Jambi.


2020 ◽  
Vol V (IV) ◽  
pp. 42-49
Author(s):  
Muhammad Masood Anwar ◽  
Aftab Anwar ◽  
Ghulam Yahya Khan

Existing literature focuses on the determinants and ways to enhance economic growth. This, however, neglects the growth benefit to society. Distribution aspect of economic growth is ignored in the previous decades. As a result, the world cannot enjoy the benefits of economic growth. In this paper inclusive growth index (IGI) is used which is constructed by the Asian Development Bank, 2011 to investigate whether the economic growth in Pakistan creates opportunities for the entire population on an equal basis and how political regimes affect the inclusive growth. Performance of the sixteen indicators of inclusive growth index is assessed over the period of 1978-2014, under two Democratic and two dictators' regimes. The result of the study shows that inclusive growth in Pakistan is low. However, the trend of inclusive growth in Pakistan is positive. Inclusive growth can be increase by increase the pace of economic growth besides democratic culture.


2019 ◽  
Vol 19 (230) ◽  
pp. 1
Author(s):  

Improved fiscal management and economic diversification have strengthened the resilience of Morocco’s economy in recent years. Yet, economic growth, at 3 percent in 2018, has not been robust enough and unemployment remains high, especially among the youth. This reinforces the need for sustaining the recent momentum in reforms toward higher and more inclusive growth, buttressed by the private sector. Key priorities include improving the quality of the education system, the functioning of the labor market, female labor force participation, and the business environment. Since 2012, the Fund has been actively engaged with Morocco through four two-year Precautionary Liquidity Line (PLL) arrangements, the last one approved in December 2018.


Author(s):  
O. Chaikin

Significant imbalances of existing development models are demonstrated by global economic growth, and outlines the need to move to a new more flexible and balanced model that is able to maintain the declared high and long-term growth rates together with the preservation of social equality and population general welfare. The purpose of the study is to identify EU comprehensive growth opportunities through of EU flagship initiatives achievement current EU situation in the field of poverty, unemployment, youth and women's unemployment and their involvement as labor force geographical aspects analysis; current state and prospects of EU inclusive development analysis; possibility of the sustainable development goals and inclusive growth based on the EU's flagship initiatives achievement substantiation. The object of the study is the process of inclusive economic growth within the EU through the EU flagship initiatives practical implementation. It is determined that along with traditional economic growth indicators it is necessary to take into account the human capital equality, ecological state of the environment, social protection, food security and social cohesion. Imperative knowledge on the interconnection of EU policy priorities and flagship initiatives, sustainable development goals and their compliance with inclusive economic development are systematized. The expediency of European inclusive economic growth model, declared in the “Europe 2020” strategy, design and implementation was grounded. Modern trends and geographical aspects of state of unemployment and poverty in the European region countries is determined. The level of women's participation in the European economy is analyzed. The level of women employment in comparison with men in the EU countries is analyzed, which made it possible to determine that this indicator is consistently lower, however, there is no significant disparity in most member states. It is substantiated that at the new cross-border economic order conditions, proposed by the EU, inclusive growth allows all member countries enjoy the progressive results of the union, economic integration and economic growth. Key words: inclusive growth, sustainable development, employment.


Author(s):  
Maryna Skoryk ◽  

The article summarizes the main infrastructural challenges that have arisen before united territorial communities, in the course of decentralization reform in Ukraine. In particular, the low quality of local government staff, which reduces the chances of communities for economic efficiency; social infrastructure; transport infrastructure; land resource. In the process of decentralization reform, the concept of infrastructure is concretized in connection with the creation united territorial communities, where the infrastructure includes housing, transport, health care, culture and sports, social protection. After all, if there are "failures" in the infrastructure of the community, it will quickly lead to disruption of the stable functioning of the whole community, respectively, will negatively affect the quality of life and productivity of the community, and modernization will promote economic growth and increase welfare. Also, in the article the author describes the powers and resources that the united territorial communities received today in the conditions of decentralization, and highlights that for the united territorial communities is of primary interest to the state - it's transfers such as basic grants, educational and medical subventions and capital transfers. City budgets began to be filled much more actively. That is, having a leader interested in development, united territorial communities have good financial opportunities for development. Communities cease to be ordinary "cash registers" for the payment of salaries to state employees, they become really interested in economic growth in their territory. It was noted that for development local governments should be involved in various projects (Joint program organization of common nationalities women, U-LEAD, DESPRO, EU / PRON, DOBRE, PROMIS / PLEDOG), in projects proposed by the State Fund for Regional Development. In the current economic environment, it is important that local authorities actively attract state support and, combining them with their own resources, direct to the implementation of regional and local development strategies, implement various infrastructure projects that support innovation, new production, small and medium business.


Author(s):  
Mthuli Ncube

This chapter examines the weak inclusion character of Africa’s economic growth and its implications for employment, income distribution, demographics, and the middle class. After outlining Africa’s impressive growth in the last decade which has not created jobs and not reduced poverty fast enough, it discusses various approaches to inclusive growth in relation to gross domestic product per capita, sub-groups, and pro-poor growth, well-being, and opportunities as opposed to outcomes. It also considers four categories of inclusive growth indicators, namely economic inclusion, social inclusion, spatial inclusion, and political/institutional inclusion. Under economic inclusion, an approach for dealing with inequality is presented. Finally, the article describes an inclusive growth index for African countries for the period 2006–2010, adjusted for inequality.


2019 ◽  
Vol 17 (1) ◽  
Author(s):  
Muhammad Masood Anwar ◽  
Ghulam Yahya Khan ◽  
Sardar Javaid Iqbal Khan

Inclusive growth is a type of economic growth which is sustained over decades and provides benefits to the entire society. The main objective of the paper is to examine the relationship between economic and inclusive growth. For this purpose, inclusive growth index is constructed by four variables inequality, poverty, employment rate, and enrolment rate. To explore the relationship between economic growth with inclusive growth in Pakistan, time series data from 1971 to 2014 is used. Stationarity of the data is checked through augmented Dickey-Fuller test and on the basis of the different order of integration. Autoregressive distributed lag model is employed. The results of the study show that the growth in Pakistan is not fully inclusive. There is a half-portion of the growth share in the society. Other control variables such as investment have a positive impact, whereas inflation has a negative impact on inclusive growth.


2021 ◽  
Vol 40 (1) ◽  
Author(s):  
Adnan Ali Shahzad ◽  
Hafiz Asim ◽  
Faran Ali

Developing and emerging countries of Asia have shown a tremendous improvement in economic growth rates couple with the significant strides in extreme poverty reduction. However, most of the economies are still facing some challenges like income and non-income disparities in sharing benefits and participation into social and economic activities. It requires attention that economic growth must be accompanied by reduction in poverty and income & non-income inequalities, and promoting equitable participation, i.e. growth must be inclusive. To address these challenges, present study presents a pioneer work to construct a unique but comprehensive inclusive growth index (IGI) over the period of last two decades for 17 Asian and 8 developed countries. The study made a comparative analysis of inclusive growth performances of developing and emerging countries of Asia and compared their final score with the benchmark set by developed countries of the world. The study highlighted the clusters of variables which required attention in developing Asia to converge with emerging Asia, and in emerging Asia to converge with developed world. In short, the study provides a root map for developing countries to merge with emerging countries, and for emerging countries to merge with developed countries.


2017 ◽  
Vol 11 (3) ◽  
pp. 315-347 ◽  
Author(s):  
Larysa Tamilina ◽  
Natalya Tamilina

This article explains the peculiarities of institutional effects on growth rates in postcommunist countries. By proposing a certain dependence of the institution–growth nexus on the mode of institutional grafting, the distinction between drift-phase and path-breaking institutional change is introduced. Theoretical juxtapositions show that transition countries’ institutions built through path-breaking institutional reforms differ from those that emerge evolutionarily in the drift phase in a twofold manner in their relationship to growth. Growth rates of their economies are less likely to depend on the quality of legal institutions and are more likely to be a function of the maturity of political institutions. In addition, legal institutional change in the post-communist world is a product of the quality of the political environment to a greater extent than their drift-phase alternatives. These propositions are tested empirically based on a sample of 87 countries derived from the POLITY IV Project’s website. JEL Classification: O17, O43, O57, P26, P37


2021 ◽  
Vol 244 ◽  
pp. 10039
Author(s):  
Mavluda Askarova ◽  
Toir Saddulaev ◽  
Bunyod Radjabov

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.


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