scholarly journals Modeling of Wages and Prices Behavior: System Dynamic Approach

2022 ◽  
Vol 21 ◽  
pp. 44-50
Author(s):  
Valeriy Kozytskyy ◽  
Nelya Pabyrivska ◽  
Galyna Beregova

The economies of almost every country in the whole word have been suffered from coronavirus pandemic consequences. The damage was especially hard for labor markets. The large magnitude of demand and production shocks that was caused by COVID-19 significantly disturbed the dynamics of output, wages and prices. The research problem addressed in this paper focuses on dynamic properties of wages and prices behavior influenced by shocks with different magnitudes and types. We apply a system dynamic approach to conduct the simulations of economic variables and investigate the possibility of their convergence to some stable path. We examine the impact of demand and production shocks on the output and prices as well as on wage and inflation behavior. It is proved that values of models parameters are crucial for existing of new steady state and convergence of economic variables. The paper determines the bifurcation points that separate different modes of transition period in moving towards or away from equilibrium. The research includes the investigation of the impact of economy’s original state and emphasizes the importance of initial point of the system for the next its dynamics after shock. The research results derived in the paper serves as a useful learning tool to develop a discussion of the policy design issues related to reduction of negative impact of severe and unanticipated disturbance like COVID-19.

2021 ◽  
Vol 5 (1) ◽  
pp. 50-60
Author(s):  
Greta Keliuotytė-Staniulėnienė ◽  
Kamilė Daunaravičiūtė

This paper summarizes the relevant researches in the area of the green bond market within the perspective of the performance of the global green bond market in the face of the COVID-19 pandemic. Despite the rapid expansion of the green bond market during the last decade, this market has also experienced the consequences of the COVID-19 pandemic. The researches on the effect of COVID-19 and its induced crisis on the green bond markets are still fragmentary; therefore, the main purpose of this research is to evaluate the impact of the COVID-19 pandemic on the global green bond market. To reach the purpose, the methods of literature analysis, and correlation-regression analysis are used. In the first section of the paper, the research problem is presented; in the second part the analysis of academic literature is conducted; in the third part the design of the research is described, and in the fourth part the results of the assessment of the impact of COVID-19 pandemic on the global green bond market are discussed. The results of the research revealed that the spread of the COVID-19 pandemic appeared to have a negative impact on the performance of the S&P Green Bond Index. The market reaction to deaths caused by COVID-19 infection proved to be stronger than the reaction to confirmed cases of COVID-19 infection. However, after a sufficiently significant negative shift, which was observed in the first quarter of 2020, the S&P Green Bond Index regained its upward trend, which continued for the rest of the year.


2021 ◽  
Vol 3 (6) ◽  
pp. 15-22
Author(s):  
Shiv Narayan Nishad ◽  
Naresh Kumar

Declining water resources and increasing demand of water for agricultural, industrial, and domestic sector and potential climate change has posed a major challenge to maintain water sustainability of a nation. There is a need to adopt long-term perspective for assessment and policy design for sustainability of primary resources like water. It is also argued that virtual water trade has raised issues of water sustainability as even small but continuous net virtual water trade may influence the water sustainability through irreversible losses. With the constraints for water sustainability, virtual water trade has received much attention in the recent years. While the impact of virtual water trade on water sustainability of virtual water exporter country is less explored and assessed. India is a major water exporting country resulted tremendous pressure on water resources that has serious threat to food security and the negative impact on development of economy and other sectors.


2021 ◽  
Vol 3 (1) ◽  
pp. 18-32
Author(s):  
Denden Ramsyah Hikmatulloh

Regional Regulation (Perda) Number 3 of 2014 concerning peace and public order in Tasikmalaya Regency seems to be not functioning. Many public facilities have shifted from their function and seem to have been left alone by those who say the perda is not working. The most noticeable function transfers include sidewalks and road shoulders in the Singaparna District area. The formulation of the research problem is the implementation of the Government's policy on Peace and Public Order in Singaparna Market, Singaparna District, Tasikmalaya District and the impact of the implementation of Government policies on Public Peace and Order in the Singaparna Market, Singaparna District, Tasikmalaya Regency. The research method used a qualitative approach, with data through observation, interviews and documentation. The results of research related to the implementation of government policies on peace and public order specifically related to controlling street vendors (PKL) where there is reciprocity between the community and street vendors in fulfilling their needs, as well as the negative impact that is felt, namely the general public unrest regarding the behavior of street vendors. often used by the general public, such as shoulder roads and sidewalks for pedestrians, very disturbing peace and public order.   Peraturan Daerah (Perda) Nomor 3 Tahun 2014 tentang ketentraman dan ketertiban umum di Kabupaten Tasikmalaya seolah tidak berfungsi. Banyaknya fasilitas umum yang beralih fungsi dan seakan dibiarkan oleh yang berwenang mengindikasikan tidak berjalannya perda tersebut. Peralihan fungsi yang paling mencolok diantaranya trotoar dan bahu jalan di wilayah Kecamatan Singaparna. Perumusan masalah penelitian ini adalah implementasi kebijakan Pemerintah tentang Ketentraman dan Ketertiban Umum di Pasar Singaparna Kecamatan Singaparna Kabupaten Tasikmalaya dan dampak implementasi kebijakan Pemerintah tentang Ketentraman dan Ketertiban Umum di Pasar Singaparna Kecamatan Singaparna Kabupaten Tasikmalaya. Metode penelitian ini menggunakan pendekatan kualitatif, dengan pengumpulan data melalui observasi, wawancara dan dokumentasi. Hasil penelitian terkait implementasi kebijakan pemerintah tentang ketentraman dan ketertiban umum khusus yang terkait dengan penertiban Pedagang Kaki Lima (PKL) dimana adanya timbal-balik antara masyarakat dengan PKL dalam memenuhi kebutuhannya, serta dampak negatif yang dirasakan yakni adanya keresahan dari masyarakat umum terkait perilaku PKL yang sering menempati areal yang digunakan masyarakat umum, seperti bahu jalan dan trotoar untuk pejalan kaki sangat dirasakan mengganggu ketentraman dan ketertiban umum.


2016 ◽  
Vol 4 (2) ◽  
pp. 139-150
Author(s):  
Abdul Kabeer Muhammad ◽  
Amir Iqbal ◽  
Rabia Najaf ◽  
Khakan Najaf

The key determination of the present research is to examine the impact of selected major variables on stock return of the Pakistani emerging capital market Karachi Stock Exchange. The researches display that capital market is inclined by transform in major economic variables. This study observes impact of three major economic variables i.e. foreign direct investment, foreign exchange rateand inflation at Karachi stock exchange. The monthly data of ten years practice in this study. To reach the objectives, study uses the Ordinary Least Square (OLS) to estimate the correlation and regression model. The Durbin-Watson statistics 1.90 value indication that there are no serial correlations issues in study.And results show that significant negative impact of inflation and Foreign exchange rate &foreign direct investment negative insignificant impact on KSE dependent variable. And overall model good fit by probability of F-statistics which less than 5%.


2016 ◽  
Vol 11 (9) ◽  
pp. 96 ◽  
Author(s):  
Nayef Al-Ghamri

<p>Businesswomen are increasingly playing a significant role in the economy at both, national and international levels. Women-owned businesses provide job opportunities and contribute to strengthening the family and community’s cohesion. However, the majority of women business owners, whether small or big, in terms of size or those conducted without permits especially in developing countries, are all put at a disadvantage in starting businesses. The reason behind this is due to social, political, family and economic challenges faced by businesswomen in many countries. Other obstacles arise from the personality traits of women entrepreneurs and have continuously caused to hinder their engagement in businesses or their willingness to initiate their own new businesses. The impact of these challenges varies from one businesswoman to another. For instance, poor economic conditions may motivate a Chinese businesswoman; however, the same conditions may represent an obstacle to other businesswomen in some Middle Eastern countries. This research study, following an explanatory nonexperimental research design (Belli, 2008; Cook and Cook, 2008; Johnson, 2001) will focus on the most important challenges facing Saudi businesswomen, particularly including social and economic constraints, discrimination and infrastructure challenges. The study has outlined that family constraints are ranked at the top of those challenges. Recommendations aiming to help businesswomen overcome these challenges shall be drawn up in this study. The study is purposefully divided into several parts as follows:</p><p>Part I: Introduction: Addresses the research problem, its hypotheses, importance and objectives.</p><p>Part II: Addresses the research methodology, literature review and previous research.</p><p>Part III: Data collection, draw up conclusions and recommendations.</p>


2011 ◽  
Vol 22 (4) ◽  
Author(s):  
Berlin Wu ◽  
Liping Kao

<p class="MsoNormal" style="text-justify: inter-ideograph; text-align: justify; margin: 0in 34.2pt 0pt 0.5in; layout-grid-mode: char;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">The purpose of this paper is to present a new dynamic approach in the ERP benefits evaluation. We use essential financial indicators to compute the impact of sample entities which performed ERP implementation before March 31, 2003 in China and Taiwan. Different from the traditional evaluation methods, our approach is based on the fuzzy statistical analysis and fuzzy rule based decision support system. From the field study we observe that both in China and Taiwan, the ERP implementation makes a negative impact at the first few years. It is surprising that most enterprises don&rsquo;t reach the positive performance as they expected.<span style="mso-spacerun: yes;">&nbsp; </span>However, the nuance lies in the fact that with a the long-term, Taiwan shows a significant progress, while in China after ERP implementation it still keeps negatively related performance.</span></span></p>


2015 ◽  
Vol 26 (3-4) ◽  
pp. 116-123
Author(s):  
A. P. Korzh ◽  
T. V. Zahovalko

Recently, the number of published works devoted to the processes of synanthropization of fauna, is growing like an avalanche, which indicates the extreme urgency of this theme. In our view, the process of forming devices to coexist with human and the results of his life reflects the general tandency of the modern nature evolution. Urbanization is characteristic for such a specific group of animals like amphibians, the evidence of which are numerous literature data. Many researchers use this group to assess the bioindicative quality of the environment. For this aim a variety of indicators are used: from the cellular level of life of organization up to the species composition of the group in different territories. At the same time, the interpretation of the results is not always comparable for different areas and often have significantly different interpretations by experts. Urban environment, primarily due to the contamination is extremely aggressive to amphibians. As a consequence, the urban populations of amphibians may be a change in the demographic structure, affecting the reproductive ability of the population, the disappearance of the most sensitive species or individuals, resizing animals, the appearance of abnormalities in the development, etc. At the same time play an important amphibians in the ecosystems of cities, and some species in these conditions even feel relatively comfortable. Therefore, it is interesting to understand the mechanisms of self-sustaining populations of amphibians in urban environments. To assess the impact of natural and anthropogenic factors on the development of amphibian populations were used cognitive modeling using the program Vensim PLE. Cognitive map of the model for urban and suburban habitat conditions were the same. The differences concerned the strength of connections between individual factors (migration, fertility, pollution) and their orientation. In general, factors like pollution, parasites, predators had negative impact on the population, reducing its number. The birth rate, food and migration contributed to raising number of individuals. Some of the factors affected on the strength to of each other as well: the majority of the factors affected the structure of the population, had an influence on the fertility. Thanks to it the model reflects the additive effect of complex of factors on the subsequent status of the population. Proposed and analyzed four scenarios differing strength and duration of exposure. In the first scenario, a one-time contamination occurs and not subsequently repeated. The second and third scenario assumes half board contamination, 1 year (2 scenario) and two years (scenario 3). In the fourth scenario, the pollution affected the population of amphibians constantly. In accordance with the results of simulation, much weaker than the natural populations respond to pollution - have them as an intensive population growth and its disappearance at constant pollution is slow. Changes to other parameters of the model showed that this pollution is the decisive factor -only the constant action leads to a lethal outcome for the populations. All other components of the model have a corrective effect on the population dynamics, without changing its underlying trand. In urban areas due to the heavy impact of pollution maintaining the population is only possible thanks to the migration process – the constant replenishment of diminishing micropopulations of natural reserves. This confirms the assumption that the form of existence metapopulations lake frog in the city. In order to maintain the number of amphibians in urban areas at a high level it is necessary to maintain existing migration routes and the creation of new ones. Insular nature of the placement of suitable habitats in urban areas causes the metapopulation structure of the types of urbanists. Therefore, the process of urbanization is much easier for those species whicht are capable of migration in conditions of city. In the initial stages of settling the city micropopulationis formed by selective mortality of the most susceptible individuals to adverse effects. In future, maintaining the categories of individuals is provided mainly due to migration processes metapopulisation form of the species of existence is supported). It should be noted that the changes in the previous levels are always saved in future. In the case of reorganizations of individuals we of morphology can assume the existence of extremely adverse environmental conditions that threaten the extinction of the micropopulations. 


2020 ◽  
Vol 8 (3) ◽  
pp. 3-17
Author(s):  
Elena Blagoeva

The impact of the last global economic crisis (2008) on the European economy put a strain on higher education (HE), yet it also pushed the sector towards intensive reforms and improvements. This paper focuses on the “Strategy for the Development of Higher Education in the Republic of Bulgaria 2014-2020”. With a case study methodology, we explore the strategic endeavours of the Bulgarian government to comply with the European directions and to secure sustainable growth for the HE sector. Our research question is ‘How capable is the Bulgarian HE Strategy to overcome the economic and systemic restraints of Bulgarian higher education?’. Because the development of strategies for HE within the EU is highly contextual, a single qualitative case study was chosen as the research approach. HE institutions are not ivory towers, but subjects to a variety of external and internal forces. Within the EU, this is obviated by the fact that Universities obtain their funds from institutions such as governments, students and their families, donors, as well as EU-level programmes. Therefore, to explore how these pressures interact to affect strategic action on national level, the case method is well suited as it enabled us to study the phenomena thoroughly and deeply. The paper suggests the actions proposed within the Strategy have the potential to overcome the delay, the regional isolation and the negative impact of the economic crisis on the country. Nevertheless, the key elements on which the success or failure of this Strategy hinges are the control mechanisms and the approach to implementation. Shortcomings in these two aspects of strategic actions in HE seem to mark the difference between gaining long-term benefits and merely saving face in front of international institutions.


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