USING SATELLITE DATA FOR ENVIRONMENTAL IMPACT ANALYSIS IN ECONOMIC GROWTH: THE CASE OF MONGOLIA

The Mongolian economy is based on the primary and secondary economic sectors of agriculture and industry. In addition, minerals and mining become a key sector of its economy. The main mining resources are gold, copper, coal, fluorspar and steel. However, the environment and green economy is one of the big problems among most of the countries and especially for countries like Mongolia where the mining is major part of economy; it is a number one problem. The research of the work tested how environmental elements effect to current Mongolian economic growth, which is growing economy because of mining sector. The study of economic growth but the starting point for any study of economic growth is the neoclassical growth model emphasizing the role of capital accumulation. The growth is analysed either in terms of models with exogenous saving rates (the Solow-Swan model), or models where consumption and hence savings are determined by optimizing individuals. These are the so-called optimal growth or Ramsey-Cass-Koopmans. The study extends the Solow model and the Ramsey-Cass-Koopmans model, including environmental elements which are satellite data determine to degraded land and vegetation value from 1995 to 2013. In contrast, we can see the degraded land area increases from 1995 (4856 m2) to 2013 (10478 m2) and vegetation value decrease at same time. A description of the methodology of the study conducted follows together with the data collected and econometric estimations and calibration with environmental elements.

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USING SATELLITE DATA FOR ENVIRONMENTAL IMPACT ANALYSIS IN ECONOMIC GROWTH: THE CASE OF MONGOLIA

ISPRS - International Archives of the Photogrammetry, Remote Sensing and Spatial Information Sciences ◽

10.5194/isprsarchives-xli-b8-805-2016 ◽

2016 ◽

Vol XLI-B8 ◽

pp. 805-811

Author(s):

A. Tungalag ◽

R. Tsolmon ◽

L. Ochirkhuyag ◽

J. Oyunjargal

Keyword(s):

Economic Growth ◽

Satellite Data ◽

Capital Accumulation ◽

Impact Analysis ◽

Optimal Growth ◽

Green Economy ◽

Solow Model ◽

Degraded Land ◽

Economic Sectors ◽

Starting Point

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Education, Technical Progress, and Economic Growth in the Information Age

International Journal of Social Ecology and Sustainable Development ◽

10.4018/ijsesd.2015010106 ◽

2015 ◽

Vol 6 (1) ◽

pp. 73-84 ◽

Cited By ~ 1

Author(s):

Fuat Sekmen ◽

Mehmet Toptas

Keyword(s):

Economic Growth ◽

Growth Rate ◽

Labor Force ◽

Technical Progress ◽

Capital Accumulation ◽

Classical Model ◽

Gdp Growth ◽

Solow Model ◽

Market Rate ◽

Gdp Growth Rate

Recent studies consider education and human capital growth as a main source of economic growth. In the classical model, population growth and capital accumulation was envisaged as an engine of economic development. Population and market rate of wages were believed to have mutual affinity. Neoclassical model, it is known as Solow Model, shows capital accumulation would increase the growth rates in the short run, but cannot generate any long run GDP growth rate increase. The Solow model implies that economies will conditionally converge to the same level of income, given that they have the same rates of savings, depreciation, labor force growth, and productivity growth. This study firstly examines the structural and economic changes in Turkish economy and then analysis the effect of education and the role of technical progress on Turkish economic growth during the period 1990-2012. This study finds out that the real GDP growth rate is dependent on capital formation and growth rate of labor force.

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Rozwój zielonej gospodarki w krajach Grupy Wyszehradzkiej

Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego ◽

10.22630/prs.2018.18.2.47 ◽

2018 ◽

Vol 18(33) (2) ◽

pp. 193-206

Author(s):

Piotr Kułyk ◽

Anna Gąsiorek-Kowalewicz

Keyword(s):

World Economy ◽

Traditional Approach ◽

Green Economy ◽

Time Range ◽

Panel Regression ◽

Universal Method ◽

Solow Model ◽

Starting Point ◽

Visegrad Group

Changes in the world economy, and in particular relations between the economic, environmental, social and political aspects, have become the starting point for reflection on the path of socio-economic development. One of the new approaches is the green economy. The importance of this approach is reflected in the growing constraints to sustain long-term growth in the traditional approach according to the Solow model and the occurrence of periodic significant deviations from the state of equilibrium. Referring to this problem, the aim of the article was to indicate the determinants of the green economy development in the Visegrad Group countries. Panel regression was used to identify and characterize the nature and impact of individual economic, social and environmental factors on the development of the green economy sector. Time range covers the years 2004-2016. Due to the lack of a universal method for evaluating the degree of development of this concept, the study conducted may be considered one of the proposals within the literature. The results obtained in this way can be used to interpret the determinants of green economy development.

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Savings, Investment & FDI Contribution To Malaysian Economic Growth In The Globalization Era

International Business & Economics Research Journal (IBER) ◽

10.19030/iber.v2i8.3826 ◽

2011 ◽

Vol 2 (8) ◽

Author(s):

Kasim Mansur ◽

Markos Mamalakis ◽

Sidah Idris

Keyword(s):

Economic Growth ◽

Foreign Direct Investment ◽

Capital Accumulation ◽

Direct Investment ◽

World Economy ◽

Full Employment ◽

Economic Transformation ◽

Solow Model ◽

Pull Out ◽

The World

What are the prospects and future of Foreign Direct Investment (FDI) in Malaysia now? Malaysia is undoubtedly a development success story. Throughout the post-independence period since 1957, Malaysia has enjoyed rapid economic growth with rising per capita income and price stability. Rising living standards, greater urbanization and access to health and education, and an improvement in the distribution of income have accompanied economic growth. Malaysian performance has been particularly remarkable after 1987 when the economy achieved above 7 per cent growth in seven consecutive years reaching virtual full employment in 1995. Malaysia now aspires to become a fully developed economy by 2020. This dramatic economic transformation has occurred against a background of massive shifts in the world economy as a result of increasing internationalization of production and trade. Foreign investment funds are returning to the market attracted by the corporate restructuring news and a belief that South East Asian stocks are generally undervalued. But FDI remains a big worry for the government and the last quarter figures cannot have helped. A recent survey by the Japanese Chamber of Trade and Industry in Malaysia claimed that the country no longer enjoyed a competitive advantage over its neighbors and that 22 per cent of Japanese companies operating in Malaysia were contemplating moving. In Penang more multinationals in the electronic sectors are planning to pull out of Malaysia in the next few months and relocate to China and Vietnam. So far these have all been in factories producing labor-intensive products. The main reason given for relocation is because of high labour costs. The purpose of this paper is to examine the Malaysian economic growth with emphasize on saving and investment in the context of globalization of the world economy. The main issues are: 1. Malaysian economic and Fiscal policy to stimulate economic growth. 2. The key policy shifts to guide the study of globalization and developmental implications to overall growth trends. 3. The role of foreign direct investment (FDI) and the implications of globalization for domestic employment and real wages, and poverty and income inequality.From our analysis we found that economic development in Malaysia can be seen as a variant of the Solow model, in which savings, investment and capital accumulation are the major agents of growth. One aspect of the fast factor accumulation in this country is the important of FDI flows as a source of technology and management skills. FDI vis a vis savings and investment may have triggered export competitiveness by improving the technology, management and marketing of export industries.

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Modelling Economic Growth Based on Factors of Innovation Production Potential Development

International Journal of Engineering & Technology ◽

10.14419/ijet.v7i4.38.24334 ◽

2018 ◽

Vol 7 (4.38) ◽

pp. 112

Author(s):

Elena Derunova ◽

Sergey Andryushchenko ◽

Vladimir Derunov

Keyword(s):

Economic Growth ◽

Labor Productivity ◽

Positive Impact ◽

Growth Models ◽

Russian Regions ◽

Solow Model ◽

Economic Sectors ◽

Economic Development And Growth ◽

Potential Development ◽

Progress Rate

The Russian economic growth is associated with the increase in the competitive advantages of the domestic industry and the material sector of economy, including agriculture. The article studies the factors that have positive impact on the economic development and growth, as well as those that restrain these processes. The problem of assessing the need in innovative activity of economic sectors is actualized taking into account the differences of Russian regions in terms of agricultural productivity. The use of the imitations and innovations’ theory and methodological instruments of production functions’ models is substantiated. Thus, the Solow model is studied, and the improvement of the model, including the funds’ introduction delay when the optimal accumulation rates are equal to the elasticity coefficients by funds, is shown. The factors that include various economic growth models: volumes of capital, physical and intellectual labor, labor productivity, the production returns rate, the scientific and technological progress rate, the population growth rate, the consumer demand, production structure, institutional factors, and saving rates, are studied. It is proved that the study of neoclassical models of the economic growth shows their incomplete adequacy taking into account all differentiating factors, competitive processes and differentiating branch structures of economy. In the work, the hypothesis of the interrelationship of the saving rate, labor productivity and the volume of investments in Russia is mathematically proven taking into account the differentiation of Russian regions and peculiarities of statistical accounting.

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Features of functioning of industrial enterprises in the digital economy

Russian Journal of Industrial Economics ◽

10.17073/2072-1633-2018-2-143-150 ◽

2018 ◽

Vol 11 (2) ◽

pp. 143-150 ◽

Cited By ~ 1

Author(s):

E. V. Shirinkina

Keyword(s):

Economic Growth ◽

Large Scale ◽

Digital Economy ◽

Practical Significance ◽

Economic Sectors ◽

Industrial Enterprises ◽

Starting Point ◽

Enterprise Level ◽

Definition Of ◽

The Right

This article is devoted to the peculiarities of the functioning of industrial enterprises in the conditions of the development of the digital economy and the determination of the main directions in the management activities of enterprises. The relevance of the study conducted in this article is due to the fact that in the context of globalization of segmentation of markets, toughening of competition, the requirements to the survival of enterprises increase. In the coming years, leadership will belong to enterprises with the predominant development of digital technologies. The purpose of the study is to identify factors that affect economic growth, both at the enterprise level and at the level of the national economy. The subject is the study of the processes of development and transformation of industrial enterprises in the digital economy. In this regard, this study identifies trends in the development of industries in the level of digitalization, a forecast and prospects for the digitalization of industrial enterprises; a multifactorial model of the economic growth of the economic sectors due to digitalization as well as ways to increase the operational performance of enterprises in these conditions. The empirical base of the study was the materials of the Boston Consulting Group (The Boston Consulting Group), the World Bank of Development. The practical significance of the results of the research is that the correct interpretation of drivers of development, the definition of the main directions of industrial enterprises in the conditions of the development of the digital economy will allow choosing the right instruments of influence on increasing the efficiency of enterprises and the economy as a whole. This study is the starting point of a large-scale work on the definition of new vectors in the strategic management of industrial enterprises in the conditions of the development of the digital economy.

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Human Capital Accumulation and Resource Abundance

Voprosy Ekonomiki ◽

10.32609/0042-8736-2011-12-66-77 ◽

2011 ◽

pp. 66-77

Author(s):

O. Vasilieva

Keyword(s):

Economic Growth ◽

Human Capital ◽

Capital Accumulation ◽

Relevant Literature ◽

Harmful Effect ◽

Human Capital Accumulation ◽

Resource Abundance ◽

Empirical Results ◽

Theoretical Predictions ◽

Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

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Solow economy model

Problems of Innovation and Investment Development ◽

10.33813/2224-1213.21.2019.15 ◽

2019 ◽

pp. 150-157

Author(s):

Oleksandr Synenko ◽

Kateryna Yarema ◽

Yuliia Bezsmertna

Keyword(s):

Economic Growth ◽

Regression Analysis ◽

Solow Model ◽

Economy Model ◽

Accelerated Depreciation ◽

Basic Parameters ◽

The Subject ◽

Investment Process ◽

The Impact ◽

Model Algorithm

The subject of the research is the approach to the possibility of using the Solow model to perform the regression analysis on the example of the Ukrainian economy model. The purpose of writing this article is to investigate the notion of regres- sion analysis, Solow’s economy model, algorithm for performing regression analy- sis on the example of Ukraine’s economy model. This model can be adapted for the economy of enterprises. Methodology. The research methodology is system-struc- tural and comparative analyzes (to study the structure of GDP); monograph (when studying methods of regression analysis on the example of the Ukrainian economy); economic analysis (when assessing the impact of factors on Ukraine’s GDP). The scientific novelty consists the features of the use of the Solow model on the ex- ample of Ukrainian economy are determined. An algorithm for calculating the basic parameters of a model using the Excel application package is disclosed. The main recommendations on the development of the national economy and economic growth through the use of macroeconomic instruments are given. Conclusions. The use of the Solow model enables forecasting and analysis. The results obtained re- vealed the problem of low resource return of capital as a resource, along with the means of macroeconomic regulation of the investment process, using which can improve the situation. A special place in these funds belongs to the accelerated depreciation and interest rate policies.

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STATE SUPPORT FOR «GREEN» INVESTMENTS AND MARKET «GREEN» FINANCING: FOREIGN EXPERIENCE

Innovatics and Expert Examination ◽

10.35264/1996-2274-2019-1-97-108 ◽

2019 ◽

pp. 97-108

Author(s):

L.S. Kabir

Keyword(s):

Economic Growth ◽

Government Support ◽

Policy Support ◽

Green Economy ◽

Economic Policies ◽

State Support ◽

Green Technologies ◽

Foreign Countries ◽

The Government ◽

Green Investments

The present study reveals the trends and features of the current state of financing the foreign countries’ transition to a new «green» economic growth model. To summarize the contemporary experience of countries’ integration into public administration practice the approaches and standards in the field of «green» investments financing.The subject of the study is the set of measures implemented by countries to develop sources of finance for «green» economy projects.Tasks: 1) to consider the principal directions of the «green» investments state policy support, its purpose, and the tools used; 2) to identify the market’s role in the «green» economy financing; 3) to clarify the main issues constraining private investments in «green» projects. The countries’ approach to «green» economic growth financing is examined in the present paper by means of common methods of scientific knowledge.There reviewed the arguments justifying the government support for «green» investments. There revealed the problems constraining the market «green» financing development and speculations about their origins. The study concludes that the countries’ economic policies are aimed at improving the existing model’s efficiency, not at the transition to the new «green» economy model. Thus, through the state support tools, there being generated strong signals signifying the creation of favorable market conditions for the functioning of a new economy sector – the sector of «green» technologies.

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