scholarly journals GDP AS A FACTOR INFLUENCING THE SOCIAL INDICATORS OF UKRAINE'S LIVELIHOOD: MODELLING

2018 ◽  
pp. 36-41
Author(s):  
Karmeliuk Hanna ◽  
Svitlana Plaskon ◽  
Halyna Seniv
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Minimum Wage ◽  
Price Index ◽  
Social Indicators ◽  
Consumer Price Index ◽  
Domestic Product ◽  
Quadratic Dependence ◽  
Inflation Forecasting ◽  
Subsistence Minimum

In the period 1996-2017, the dynamics of the subsistence minimum, the minimum wage, the consumer price index and the gross domestic product of Ukraine are analysed. These indicators have a growing trend. The necessity to use the mathematical modelling to study social and economic indicators of living standards of the population is emphasised. The trend of the dynamics of the minimum wage in the UAH is given. It has a tendency to increase. This tendency is described by quadratic dependence. The following periods are distinguished: 1996-2010 – the smooth growth of wages in quadratic dependence; 2010-2016 years – their slowed down growth by linear dependence. From 2017, when average wage has increased two times, the period of significant wages growing begins. Minimum wage retardation from the subsistence minimum until 2017 is shown. The dynamics of the subsistence minimum, which has the same periods and regularities as the salary, is analysed. Its trend is presented. The dynamics of the consumer price index is analysed. It has been broken down into the following intervals: I (1996-2010) – steady inflation growth; II (2010-2013) – price stability; III (2014 – until now) – rapid growth of prices or inflation. The inflation forecasting for 2018 is given. It is shown that economic growth (GDP) and social standards are cyclical. The main tendencies of the influence of the gross domestic product on the minimum wage, the consumer price index, the subsistence minimum are summarized. The dependence of the minimum wage on the volume of GDP is given. Econometric models of the dependence of the minimum wage on GDP in UAH and the level of inflation from the minimum wage are presented. It is shown that GDP growth is accompanied by the minimum wage increase. It is emphasized that growth of social payments negatively affects the growth of the consumer price index. It is noted that the rate of growth of the economy is not sufficient to ensure the growth of social benefits. The recommendations for economic growth are given.

scholarly journals The Nexus Between Monetary Policy and Economic Growth in Pakistan: Empirical Evidence Based on Bound Test Approach

2021 ◽  
Vol 4 (3) ◽  
pp. 613-624
Author(s):  
Mahmood Ul Hassan ◽  
Hina Ali ◽  
Saeed Ur Rahman ◽  
Sabiha Parveen
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Money Supply ◽  
Price Index ◽  
Negative Impact ◽  
Consumer Price Index ◽  
Domestic Product ◽  
Series Data ◽  
Bound Test

The objective of this research is to examine the monetary policy's impact on economic growth. Variables of study are Gross domestic product, Inflation, rate of interest, Exchange rate, Money supply, Investment, and Consumer Price Index and time series data is collected from. Gross domestic product is a dependent variable and all other variables are independent and have a great effect on the explanatory variable. In this study, the Augmented dicky fuller test is used to check out the stationarity of our selected variables and after that autoregressive distributed lag model co-integration technique is applied to estimate the parameters of the model. The result shows that inflation, interest rate, and consumer price index show a negative impact on gross domestic product. While other variables such as exchange rate, money supply, and investment show a positive impact on GDP. The study recommended that the desired level of output and employment can be attained by adopting sufficient strategies that reduce inflation in the economy.

scholarly journals MATHEMATICAL AND STATISTICAL ASPECTS OF ANALYSIS OF THE DYNAMICS OF UKRAINE’S WAGE INDICATORS

2021 ◽  
pp. 55-61
Author(s):  
Svitlana Plaskon ◽  
Halina Seniv ◽  
Ruslana Ruska ◽  
Ivan Novosad
Keyword(s):  
Gross Domestic Product ◽  
Minimum Wage ◽  
Social Indicators ◽  
Econometric Models ◽  
Living Standards ◽  
Domestic Product ◽  
Average Wage ◽  
Subsistence Level ◽  
Mutual Correlation ◽  
Subsistence Minimum

Introduction. The article examines the trends in the levels of average wages, minimum wages and subsistence minimum, which are extremely important for the analysis of wealth and well-being of the population of Ukraine. The time trends of these indicators are constructed and the regularities of their change during 1996-2020 are established. The Keitz index is calculated and investigated. The dependences of the average wage, the minimum wage and the subsistence level on the gross domestic product are analyzed and established. The values of the values of the mutual correlation function are investigated. Purpose. The purpose of this article is a mathematical and statistical analysis of the dynamics of wages and living wage in Ukraine and the factors influencing them. The task is to study the impact of gross domestic product on the average wage, minimum wage, subsistence level and establish a causal relationship between them using mathematical, statistical and econometric models in order to further predict them and make recommendations on social indicators of living standards. Method. The article uses mathematical and statistical methods and regression-correlation analysis as the main methods of scientific research; time series theory; methods of mathematical modeling. Results. Analyzing the statistical data of indicators of average wages, minimum wages, subsistence level and gross domestic product in Ukraine for 1996-2020, their dynamics is studied. Trend models of wage levels and subsistence level have been built. The general tendency of their growth is noted. Emphasis is placed on the need to use mathematical modeling to study socio-economic indicators of living standards. The Keitz index, which reflects the fight against poverty, is calculated and analyzed. It is noted that during 1996-2009 the subsistence level exceeded the minimum wage. In 2010-2011, the values of the minimum wage slightly exceeded the subsistence level; and in subsequent years, small amounts were observed, until 2017 the minimum wage was not doubled. This positive trend has also been observed in recent years. Econometric models of dependence of average and minimum wage on gross domestic product are presented. The correlation-regression dependence of the subsistence minimum on the gross domestic product is constructed. It is shown that the growth of gross domestic product is accompanied by an increase in social indicators of living standards of the population of Ukraine. The values of the values of the mutual correlation function between the gross domestic product and the levels of wages and subsistence, respectively, are calculated and investigated.

Dampak Penerapan Perbankan Syari’ah Terhadap Pertumbuhan Ekonomi Negara: Kajian Perbandingan Malaysia dan Indonesia

2017 ◽  
Vol 1 (1) ◽  
pp. 37
Author(s):  
Hansen Rusliani
Keyword(s):  
Gross Domestic Product ◽  
Response Function ◽  
Price Index ◽  
Vector Autoregression ◽  
Consumer Price Index ◽  
Domestic Product

Penelitian ini bertujuan untuk mengetahui dampak perbankan syari’ah terhadap pertumbuhan ekonomi di Indonesia dan Malaysia. Data yang digunakan dalam penelitian ini merupakan data primer (interview) dan data sekunder dalam bentuk bulanan yang diperoleh dari Badan Pusat Statistik Ekonomi dan Keuangan Indonesia Bank Indonesia (SEKI-BI) dan Statistik Perbankan Syari’ah Bank Indonesia (SPS-BI) serta data dari Bank Negara Malaysia dan Departemen Statistik Malaysia dalam periode waktu kurun waktu 16 tahun, 2000 sampai dengan 2015. Observasi penelitian dilakukan di Indonesia dan Malaysia untuk memperkaya analisis. Penelitian ini menggunakan Vector Autoregression (VAR), Uji Kointegrasi serta dikombinasikan dengan Response Function (IRF) dan Decomposition (FEVD) untuk melihat interaksi antara faktor makro ekonomi dengan pembiayaan dalam jangka panjang. Adapun variabel yang digunakan adalah total pembiayan syari’ah (Total Syari’ah Financing) dan Gross Domestic Product (GDP) sebagai representasi pertumbuhan ekonomi. Untuk tambahan variabel digunakan Consumer Price Index (CPI) sebagai representasi tingkat inflasi. Hipotesis penelitian yaitu terdapat pertumbuhan ekonomi setiap tahunnya dikedua negara tersebut pasca krisis moneter.

scholarly journals Evaluación del índice económico de Colombia para el período 2020 a 2022 con redes neuronales artificiales

2020 ◽  
Vol 42 (1) ◽  
pp. 25-33
Author(s):  
Valeria Alejandra Bustamante Zuleta ◽  
Hermes Jackson Martinez Navas
Keyword(s):  
Neural Networks ◽  
Artificial Neural Networks ◽  
Gross Domestic Product ◽  
Price Index ◽  
Consumer Price Index ◽  
Oil Price ◽  
Domestic Product ◽  
Positive Effects ◽  
Market Rate ◽  
Macroeconomic Indicators

This article analyze some of the important macroeconomic indicators in Colombia,such as the Consumer Price Index (CPI), the Gross Domestic Product (GDP), the Representative Market Rate (TRM), the Oil Price (BRENT and WIT) and COLCAP. The objective is to study Colombia's economic.The analysis were obtained with artificial neural networks on Colombian indicators data for the period 2001 to 2018 of the National Administrative Department of Statistics (DANE) and Bloomberg. Concluding, for Colombia, the last two cases are highly favorable for the economy, because they will generate a greater influx of dollars, allowing positive effects on the domestic product and the consumer price index.

scholarly journals Applying the ARIMA Model to the Process of Forecasting GDP and CPI in the Jordanian Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 70
Author(s):  
Abdullah Ghazo
Keyword(s):  
Time Series ◽  
Economic Policy ◽  
Gross Domestic Product ◽  
Economic Activity ◽  
Price Index ◽  
Arima Model ◽  
Consumer Price Index ◽  
Decision Makers ◽  
Domestic Product

Gross Domestic Product (GDP) and consumer price index (CPI) are significant indicators to describe and evaluate economic activity and levels of development. They are also often used by decision makers so as to plan economic policy. This paper aims at modeling and predicting GDP and CPI in Jordan. In order to achieve this goal, the study applied the Box- Jenkins (JB) methodology for the period 1976-2019. Based on the results, ARIMA (3,1,1) found to be the best model for the GDP. In addition, ARIMA (1,1,0) was the best model for forecasting the CPI. The results were supported with the findings of the stationarity and identification rules test of time series under using AIC and SIC criterion. The forecasted values of the GDP and the CPI for the next three years (2020-2022) were (29342.12, 32095.10, 35106.36 million JD) and (128.31, 133.28, 139.28) respectively. Compared with 2019, the GDP is forecasted to decrease in 2020, while the CPI is forecasted to increase in 2020. This implies that the Jordanian economy is tending toward stagflation. After 2020, both GDP and CPI increased, which indicates that Jordanian economy is tending toward cost-push inflation.

Economic growth and the development of innovations in modern Russia

10.12737/437 ◽  
2013 ◽  
Vol 1 (1) ◽  
pp. 44-50
Author(s):  
Шишкин ◽  
Andrey Shishkin
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Labour Force ◽  
Social Indicators ◽  
The State ◽  
Domestic Product ◽  
Innovation Development ◽  
Innovation Potential ◽  
Relationship Of ◽  
The Relationship

Analysis of terms associated with economic growth. In particular conducted a more detailed analysis of the gross domestic product. Describing the relationship of the gross domestic product, and social indicators connected with the movement of the labour force. The analysis of statistical indicators characterizing the innovation potential of the state. Touched upon the issues related to the preparation of personnel in the field of development of innovative processes. According to the survey of statistical data formed findings on the interaction of indicators characterizing the economic growth and indicators characterizing the innovative development of the state. Touched upon the issues of interaction of state corporations and the growth of the innovation development of the state, as well as the historical aspects of formation of state corporations. Analyzed the dependence between the development of innovation processes and the formation of human capital as a major factor of development of innovations. The conclusions which allow to compare the trends in the development of economic growth with the trends in the development of innovative processes.

scholarly journals Econometric estimation of the pension in Ukraine

2017 ◽  
pp. 48-59 ◽  
Author(s):  
Hanna Karmeliuk ◽  
Svitlana Plaskon ◽  
Halyna Seniv
Keyword(s):  
Minimum Wage ◽  
Price Index ◽  
Consumer Price Index ◽  
External Debt ◽  
Econometric Models ◽  
Rapid Decline ◽  
Living Wage ◽  
Subsistence Minimum ◽  
The Impact ◽  
Minimum Pension

The research paper analyzes the dynamics of minimum and average pensions, minimum wage, living wage, consumer price index, and gross external debt of Ukraine. The causal connections between the minimum pension and the researched parameters are presented in UAH and dollar terms. The necessity of econometric modeling for studying socio-economic indicators of living standards is highlighted. The main trends of the impact of the minimum wage, the living wage, the consumer price index, the gross external debt on the minimum pension are overviewed. The predicted values of the minimum pension in Ukraine in UAH in 2017-2021 are calculated, and the confidence intervals of them with a high degree of confidence are given. The ratio of the minimum pension to the minimum wage in UAH and dollar terms is calculated. The econometric models of the dependencies of minimum pension on the minimum wage are presented in UAH and dollar terms. According to econometric models a rise of the minimum wage is accompanied by a rise of the minimum pension. The econometric models of the dependencies of the minimum pension on the subsistence minimum in UAH and dollar terms are presented. According to the models, a rise of the subsistence minimum is accompanied by an increase in the minimum pension. Also, the econometric models of the dependencies of the minimum pension on the consumer price index in UAH and dollar terms are developed. The econometric models prove that a rise of the inflation rate leads to a rise of the minimum pension. Since 2014 the growth of consumer price index has been accompanied by a rapid decline of the minimum pension in dollar terms. The econometric model which shows the dependence of the consumer price index on the minimum pension is developed in UAH and dollar terms. From the model it follows that an increase of the minimum pension results in higher inflation. The econometric models of the dependencies of the minimum pension on the gross external debt are presented in UAH and dollar terms. It is shown that by 2014, foreign loans in UAH and dollar terms were welcome in order to raise pensions which led to the rapid rise of the latter. In recent years the growth of debt in the UAH slightly affected the growth of the minimum pension in UAH, whereas the growth of debt in dollars led to a significant decline in the minimum pension in dollar terms.

scholarly journals Effects of Financial Risks in Turkish and Eurasian Economies on Real Economic Growth and Public Sector Borrowing: 2000-2013

2014 ◽  
Author(s):  
Yusuf Ziya Tengiz ◽  
Emine Şule Aydeniz ◽  
Ali Göksenli
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Consumer Price Index ◽  
Domestic Product ◽  
Global Competition ◽  
Financial Risks ◽  
Real Economy ◽  
Turkish Economy ◽  
Us Dollar ◽  
Economical Growth

The effects of global and economical crisis on Turkey and Eurasian countries depend strongly on countries’ dependence ratio of foreign trade, on integrations and economic structure. Real economic growth of Russian and Belarus economies is affected by Euro and US-dollar rate of exchange (RoE), Kazakhstan’s economy by Euro RoE, Turkmenistan’s by Euro exchange and interest and Turkish economy by Euro RoE and consumer price index (CPI). The effect of public borrowings ratio on gross domestic product is affected in Russian economy by Euro RoE, CPI and interests 1 and 2, in Kazakhstan economy by US dollar RoE and interest, in Belarus economy by US dollar RoE, interest and CPI, in Turkmenistan’s by Euro RoE and interest and Turkish economy by interest and CPI. Russia must regulate improving economy politics in Euro exchange, interest and CPI indicators to increase real economical growth and decrease ratio of public borrowings on gross domestic product. Kazakhstan must focus on Euro RoE, US dollar RoE, interest and CPI indicators. The same situation is valid for Belarus. Turkmenistan must give importance to Euro exchange and interests in its politics of economy. Turkey must take Euro exchange, CPI and interests into consideration. Thereby real economy growth will increase and ratio of public borrowings on gross domestic product will decrease. To decrease shocks against fragility, to develop global competition strength and decrease of foreign-source dependency, Turkey and Eurasian countries must develop new strategies and constitute and develop economy politics for global competition capacity.

Analisis Pembiayaan Konsumtif Riil Pada Bank Syariah Di Indonesia

Liquidity ◽  
2017 ◽  
Vol 6 (1) ◽  
pp. 32-37
Author(s):  
Rizky Maulana Pribadi
Keyword(s):  
Gross Domestic Product ◽  
Price Index ◽  
Research Study ◽  
Consumer Price Index ◽  
Positive Influence ◽  
Domestic Product ◽  
The Real ◽  
Islamic Bank ◽  
Result Show

The objective of this research study is to study there is positive influence of Gross Domestic Product/GDP Real and Consumer Price Index of Financing Real, investigate the determinants of real financing consumtive at Islamic Bank in Indonesia and how the determinants change the real financing consumtive at Islamic Bank in Indonesia in period 2011-2016. The result show that the respond of Consumer Price Index/CPI, GDP Real, and it could be seen from its size which are 3.118983, 1.601941, 0.397987. From the result, it can be concluded that Real Financing Consumtive  is influenced by IHK, GDP Real, and Real Financing Consumtive.

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