scholarly journals Covid-19 and Its Impact on E-Administration, Employment and Migration in the Indian Economy, (In the Present Context)

2021 ◽  
pp. 82-87
Author(s):  
Bharath K M ◽  
Arun Kumar L S
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Migrant Workers ◽  
National Income ◽  
Domestic Product ◽  
Educational Services ◽  
Indian Government ◽  
Indian Economy ◽  
The World ◽  
The Government

India is the second largest populated country in the world and largest market Economy for most of the developed countries in the world like MNC’s (Multi-National Companies) like automobiles, telephone and communication, educational services, start-up’s, call centres and global level entrepreneurs like to invest in India, due to huge demand for consumer goods and technological products India is one of the largest growing developing economy in the world after China in 2019, with an average GDP (Gross Domestic Product) of 7 percent from2015-2019, with huge FDI (Foreign Direct Investment), India is said to be the country with huge foreign returns in the world. But due to covid-19 has made most of the states in India are in standstill position due to lockdown situation, the income generating sources of the government is unable to generate income as most of the unorganised sectors like migrant workers, small wage labourers contribution to Indian economic growth and business is in standstill stage in the 40 days of Indian government lockdown, this is causing to increase in unemployment ratio in many sectors like educational services, real estate companies etc. only in some organised sectors there is processing of work through online (e-commerce) or in digital mode of transaction, but the unorganised sector workers and daily wage workers or migrants who travelled from far states are unable to earn for their lively wages. Indian government preference to health emergency and relief package of 20 Lakh crore Atmanirbhar Bharat Abhiyan is burden for Indian economic growth as the government is distributing from March 2020. This pandemic has made India`s GDP (Gross Domestic Product) growth rate prediction below 4%, according to the report of ADB (Asian Development Bank). IMF (International Monetary Fund) has predicted that Indian economy is expected to grow at -10.3 %, according to the source provided by “The Hindu”. There is a need for all the sectors in the economy for digital inclusion, India can try to improve by making all payments and receipts in unorganised sectors through Digital Mode. India can use this global pandemic situation by making India as one of the favourite investment destination for FDI, business and e-commerce in the globe. The purpose of this study is to analyse Covid-19 impact on Indian economy through migration, e-commerce, business and remedies to overcome the pandemic to the growth of National Income (GDP), by implementing various schemes like Make in India and self-reliant India by fiscal and monetary policies.

scholarly journals Adakah Pengaruh Pertumbuhan Ekonomi terhadap Pendapatan Asli Daerah?

2017 ◽  
Vol 16 (2) ◽  
Author(s):  
Faishal Fadli
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Regional Development ◽  
Local Governments ◽  
Central Government ◽  
Domestic Product ◽  
Local Revenue ◽  
Economic Progress ◽  
Regional Budget ◽  
The Government

<p><em>The implementation of regional autonomy resulted in each region to be able to manage their finances independently. This is one way the central government to remove the dependency of local governments to the central government. Thus requiring local governments to explore the sources of local revenue in order to finance regional development. In an effort to increase local revenues derived from the PAD is determined by economic factors or economic potential which has the prospect to be developed for each area. While the economic progress of a region heavily dependent on the development efforts undertaken by the government in providing public facilities to support economic activity. so it needs to be studied further economic growth in East Java, which increased from year to year, is also accompanied by an increase in revenue (PAD) as one source of income in financing regional development. The result indicates the role of the revenue (PAD) in the Regional Budget (APBD) of East Java Province indicates that there is still very small, with an average of 15.47% of the total revenue budget. This means that the level of dependence of local governments on the central government is still high. Although the results of regional revenue projections indicate that component has been great in their contribution of the reception area, which amounted to 69.52%. Using the ordinary least squre method, the result of regression correlation are insignificant. This means that the regional gross domestic product does not have an effect on revenue of East Java Province. If an increase or decrease in regional gross domestic product will not increase or decrease revenue amount. This means that there is no significant relationship between economic growths towards the reception of the revenue.</em></p><p align="left"><em> </em></p><p><strong>Keywords: </strong>economic growth, revenues (PAD), Regional Budget (APBD), Gross Domestic Product (GDP).</p>

Infrastructure Investment and Economic Growth: Evidence from India

2016 ◽  
Vol 17 (1) ◽  
pp. 90-111
Author(s):  
Naliniprava Tripathy ◽  
Maram Srikanth ◽  
Lagesh Aravalath
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Error Correction ◽  
Capital Formation ◽  
Domestic Product ◽  
Government Revenue ◽  
Indian Economy ◽  
Long Run ◽  
Domestic Capital ◽  
Short Run

This study examines the long-run and short-run relationship between investment in infrastructure and economic growth in the Indian economy by using Auto Regressive Distributed Lag Model, Error Correction Model, and Granger Causality Test. The study reports that there is no short-run relationship among gross domestic product, gross domestic capital formation, revenue of the governmentand exports. However, the study finds that unidirectional causality exists between employment and gross domestic product; gross domestic productandinflation. It implies that employmentlevel in organised sector and inflationinfluence the economic growth in India for a short period. The study finds that there is a long-run relation exists between economic growth, domestic investment, inflation and government revenue. Therefore, emphasis should be placed on capital formation, government income and inflation to accelerate growth and development in the Indian economy. The error correction term is indicating that long term relationship is stable and any disequilibrium created in short termwill be temporary and will correct over a period. However, it is suggested to maintain balance among inflation,gross domestic product, employment, exports, savings, investment and government revenue to keep an economy growing. These findings have important policy implications since an economy built on investment in infrastructural development.

scholarly journals Foreign Direct Investment (FDI), Trade and Its Contribution to the Mining Sector of Guinea

2016 ◽  
Vol 7 (2) ◽  
pp. 65
Author(s):  
Kimberly Racquel Elizabeth Chin
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Mining Industry ◽  
Domestic Product ◽  
Mining Sector ◽  
The Government ◽  
The Relationship

In order to objectively analyze Foreign Direct Investment (FDI) contribution to Guinea’s mining sector, the granger casualty test was used to determine the relationship among variables and to determine whether any of these variables affect others and how. The variables used are Gross Domestic Product, Government Income, Trade, FDI inflow into Guinea mining sector and the exchange rate. The granger casualty test produced evidence of a bidirectional casualty relationship which suggests that FDI’s influence on efficiency lies in the government relaxing its dependency on the mining industry for economic  growth.

scholarly journals Revenue Productivity of the Tax System in Namibia: Tax Buoyancy Estimation Approach

2019 ◽  
Vol 11 (2(J)) ◽  
pp. 112-119
Author(s):  
A Shikongo ◽  
A Shikongo ◽  
O Kakujaha-Matundu ◽  
T Kaulihowa
Keyword(s):  
Gross Domestic Product ◽  
National Income ◽  
Domestic Product ◽  
Tax Revenue ◽  
Economic Activities ◽  
Tax System ◽  
Correction Model ◽  
Tax Rate ◽  
Revenue Collection ◽  
The Government

Buoyancy refers to how tax revenue responds to a gross domestic product without correcting for discretionary alterations in the tax system. The paper assessed the buoyancy of Namibia’s overall tax system in an attempt to measure the response of the tax system in entirety because of fluctuations in the national income and/or the deliberate act by the government to increase tax rate, reviewed tax code and tax machinery etc. The study employed the Engle-Granger approach to the error correction model to estimate the tax buoyancy for the period 2001 to 2014. The empirical findings from the study revealed that overall the Namibian tax system is income inelastic and not buoyant. This is confirmed by a low and negative value of 0.036 which is less than unit. Thus, the economy is not generating sufficient revenue both through discretionary tax measure and through the expansion in the economic activities. Therefore, the government need to introduce measures that will allow for more tax revenue collection to have a stable revenue base. This also means the government need to keep track of tax mobilization with growth in the gross domestic product as well as to ascertain taxes that are productive.

scholarly journals Public Expenditure in Nepal: A Case of Transportation Sector

2021 ◽  
Vol 30 (1) ◽  
pp. 24-36
Author(s):  
Narayan Prasad Ghimire
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Public Expenditure ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Domestic Product ◽  
Series Data ◽  
Government Investment ◽  
Transportation Sector ◽  
The Government

The rapid growth in public investment in various sectors was assumed after decades of conflict and an unstable political situation. With the declaration of the Federal Republic, Nepal is going to embark on accelerated economic growth. This has somewhat caused concerns among policymakers of its implication for economic growth. And the government investment in transportation infrastructure is one of the core strategies, called the ‘infrastructure of infrastructures’. The main aim of this study is, therefore, to explain the relationship between economic growth and public expenditure in the transportation sector in Nepal. Primarily, this study has focused on the distinction of expenditures in the five-year development plans in three systems (Panchayat, Democratic, and Republic). This study used time series data collected between 1975 and 2016. The statistical and econometric tools have been used for the study. The result shows that the trend of government investment on public expenditure has increased in the Republic system. This study reveals that the variables are stationary on the first difference. The obtained regression model is satisfactory by diagnostic tests (errors are normally distributed, no serial correlation, and homoscedastic). The data explain the positive and significant influence of Transportation Capital Expenditure on Gross Domestic Product, and, hence, it is contributing to economic growth. Furthermore, the results show short-run unidirectional causation from Transportation Capital Expenditure to Gross Domestic Product.

scholarly journals Effect of Economic and Agricultural Diversification on the Economic Growth in Nigeria

2020 ◽  
Vol 40 (01) ◽  
Author(s):  
Ohunyeye O. Felix ◽  
Obamen Joseph ◽  
Omonona Solomon ◽  
Agbaeze K. Emmanuel
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Time Series Data ◽  
Test Method ◽  
Annual Reports ◽  
Domestic Product ◽  
Series Data ◽  
Agricultural Diversification ◽  
The Government ◽  
Bound Test

The study examines the effect of economic and agricultural diversification on economic growth in Nigeria. The objectives were to determine the effect of government agricultural spending on Nigeria’s Gross Domestic Product. Data were collected from secondary sourced using the time series data which was extracted from the Central Bank of Nigeria (CBN) annual Statistical Bulletin for the period and The Nigeria Bureau of Statistic annual reports. Data were analyzed using the Autoregressive Distributed Lag (ARDL) approach or Bound Test Method. The findings revealed that Government agricultural expenditure does not have a significant effect on Gross Domestic Product. The investigation suggested that the government at all level should increase their budgetary allocations for agriculture and also develop a functional agricultural long-term blueprint to improve the sector.

scholarly journals GREEN ECONOMY AND ACCESS TO FINANCE IN GEORGIA (GOING BEYOND THE COMMERCIAL BANKING SECTOR TO FINANCE BUSINESSES IN GEORGIA)

2019 ◽  
Vol 4 (7) ◽  
pp. 87-95
Author(s):  
DAVID ASLANISHVILI
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Capital Markets ◽  
Commercial Banks ◽  
Clean Energy ◽  
Gdp Per Capita ◽  
Domestic Product ◽  
The World ◽  
Per Capita

This research will explore other possible financial vehicles that go beyond traditional sources of private capital offered by commercial banks. It will look at international experience and the opportunities to use public support, green bonds to raise green finance as well as the work of energy service companies (ESCOs) to finance green investments. We have offered our view of what should be done in fact (not in paper in Georgia as it has been in the past 15 years) to change the situation and end the negative and harmful monopoly of the commercial banks and the National Bank of Georgia and to have in place the two independent sources to attract and invest resources in Georgia. This will increase the capitalization of the country and is a proven way to eradicate the country›s lagging and accelerate economic growth. Why should we focus on this issue? 1. According to WHO›s latest data, over 7 million people die each year because of breathing air with solid particles, and one of its main pollutants is vehicles. (Cereceda Rafael, Cuddy Alice. 2018.....) 2. Georgia’s Capital - Tbilisi - is occupying the 3rd place in the light of air pollution, 3. Due to the critical situation, the public demand to live in a clean ecological environment, day by day increases. In our research the following Questions are discussed and overviewed: • Is it important to act on the issues of Georgia›s position on the global scale? • What unique components can be used to prolong the average life of people? • What investors do the country need for building ecoprojects and their realization? • What type of ecofriendly technologies can be developed for potential customers in Georgia? In that field we have studied the following: • The links between economic growth, green growth (e.g. clean energy), high living standards and capital markets; • Why the Commercial Banks are the main and the only source of finance for green (and not only) investments in Georgia; • Situation on capital markets of Georgia (stock and bond markets) - as an indicator of economic growth and an alternative source of financing; • Possible benefits of non-bank financing, including for clean energy projects and the SME sector (e.g. small hydro, energy efficiency); • The role of government in supporting capital market development; • The role of international community (donors, IFIs, international organization) to support Georgia’s efforts to develop capital markets Georgia – Recent level of development To illustrate the wide gap between the developed economy and the weak one, let us compare the current level of per capita GDP of Switzerland, Hungary, Poland to Georgian one (source: https://tradingeconomics.com/switzerland/gdpper-capita; https://tradingeconomics.com/poland/gdp-percapita; https://tradingeconomics.com/hungary/gdp-per-capita; https://tradingeconomics.com/georgia/gdp-per-capita); • The Gross Domestic Product per capita in Switzerland was last recorded at 76667.44 US dollars in 2017. The GDP per Capita in Switzerland is equivalent to 607 percent of the world›s average. • The Gross Domestic Product per capita in Hungary was last recorded at 15647.85 US dollars in 2017. The GDP per Capita in Hungary is equivalent to 124 percent of the world›s average. • The Gross Domestic Product per capita in Poland was last recorded at 15751.23 US dollars in 2017. The GDP per Capita in Poland is equivalent to 125 percent of the world›s average. • The Gross Domestic Product per capita in Georgia was last recorded at 4290.17 US dollars in 2017).The GDP per Capita in Georgia is equivalent to 34 percent of the world›s average.

scholarly journals Evaluation of the Impacts of Non-Oil Exports on Economic Growth in Nigeria Between 1986-2018

2021 ◽  
Vol 4 (3) ◽  
pp. 39-64
Author(s):  
Chinyere F.E. ◽  
Samuel N.N. ◽  
Nkama O.N. ◽  
Chinwoke R.E.
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Financial Services ◽  
Capacity Utilization ◽  
Least Square ◽  
Domestic Product ◽  
Real Gross Domestic Product ◽  
Ex Post ◽  
Oil Exports ◽  
The Government

Non-oil exports have been seen to be very vital in economic growth and development, especially for developing economics. Despite the poor contribution of non-oil exports to economic growth in Nigeria, this study is inspired by the inconsistencies in empirical findings regarding the connection and effect of non-oil exports on the economy. The objective of the study was to determine the effect of non-oil exports on economic growth in Nigeria. An ex-post facto research design was adopted. The time frame of thirty three (33) years, from 1986 to 2018 was adopted to allow for a large number of observations which will improve the robustness of the results. The data was obtained from the Central Bank of Nigeria (CBN) statistical bulletin of 2017. The Ordinary Least Square (OLS) estimation technique was applied in guesstimating the models. E – views 9.0 was the econometric software used for the analysis. The result revealed that non-oil exports have no significant effect on the growth rate of real gross domestic product, agricultural contribution to real gross domestic product is not significantly affected by exports of non-oil products even though there is evidence of a positive but insignificant correlation between them. Manufacturing capacity utilization is not significantly influenced by variation in Nigeria’s non-oil exports. Non-oil exports are positively associated with manufacturing capacity utilization. Economic growth in Nigeria has not been significantly affected by non-oil exports despite the various non-oil promotion strategies by the government. We recommend that cost and access to financial services for non-oil exporters be moderate or relaxed.

scholarly journals A Review on Perspectives of Cluster Formation in Promoting Competitive Advantage for Small and Medium Enterprises and Sustainable Economic Growth

2020 ◽  
pp. 115-121
Author(s):  
K. Mahendran ◽  
P. Flowrine Olive ◽  
S. Moghana Lavanya
Keyword(s):  
Economic Growth ◽  
Competitive Advantage ◽  
Small And Medium Enterprises ◽  
Cluster Formation ◽  
Transportation Cost ◽  
Indian Government ◽  
Important Place ◽  
The World ◽  
The Government ◽  
Medium Businesses

This article reviews the currently available literature to examine how clusters provided competitive advantage for small and medium businesses, in what ways it led to economic growth and directs the policy interventions of the Indian government. The evolution of clusters and the contribution of researchable issues in evolution are examined. The role of clusters in creating competitive advantage and the research related to redefining the evolution is presented. External economies are the benefits that occur to a business from the external environment of the business, which are beyond its control and results in cost benefits. The firms in cluster promoted the establishment of suppliers around their customers. This in turn benefitted both the supplier and the firm by reduced transportation cost and increased physical accessibility. The firms are also able to avail customized and specialized inputs from the supplier. Cost economies benefitted the firms and led to improved economic growth. Cluster approach has positive implication and important place in economic development of the country. The review of literature clearly brings up the developments in the concept of clustering as experienced across the world and the initiatives of the Government of India matching the developmental needs in this area of entrepreneurship development. The clusters have made better availability of information, in acquiring specialized resources, creation of innovation and competitiveness in the world markets.

scholarly journals Planning Oil Revenues and Their Role in Economic Growth in Iraq

2021 ◽  
Vol 11 (3) ◽  
Author(s):  
Dr. Saja Fadhil Jawad ◽  
Dr.Taameem M. Saloum
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Domestic Product ◽  
External Shocks ◽  
Planning Policy ◽  
Oil Markets ◽  
The World ◽  
Important Means ◽  
Oil Sector ◽  
Oil Revenues

Planning is an important means that contributes to achieving economic growth by raising the contribution of the non-oil productive sectors to the gross domestic product, as planning has become an urgent necessity, especially for oil economies that suffer from a weak production base due to the heavy dependence on oil, which is a depleted resource and is characterized by many fluctuations in Its prices in the world oil markets. Given that Iraq is one of the economies that the oil sector dominated its gross domestic product and affected its economic performance, despite its possession of many natural capabilities, human resources and various economic components. Therefore, an effective planning policy must be adopted to use this product and diversify the production base in order to achieve economic growth and stand up to external shocks.

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