scholarly journals Islamic Responses to the Financial and Economic Crises

ICR Journal ◽  
2009 ◽  
Vol 1 (2) ◽  
pp. 255-257
Author(s):  
Abdul Karim Abdullah (Leslie Terebessy)
Keyword(s):  
Financial Crisis ◽  
Gross Domestic Product ◽  
Economic Crisis ◽  
Economic Activity ◽  
National Income ◽  
Standard Of Living ◽  
Domestic Product ◽  
International Level ◽  
Low Levels ◽  
Increase In Productivity

An economic crisis is the flip side of a financial crisis. A financial crisis, whether on a personal, national or international level, takes place when economic activity - the source of income - slows down or stops. Economic activity generates income. When production slows down income paid for the use of the factors of production also falls. As the gross domestic product declines so does national income. When there is a recession or a depression the economy needs to be revived - fast. An increase in efficiency or productivity contributes to higher profits, higher incomes, and a higher standard of living. Low productivity keeps income at low levels. When income increases without a proportionate increase in productivity, however, it is as if a car engine were running at a higher speed - but in the neutral gear. More income is being generated, but there is little corresponding increase in real wealth. Islam, in turn, appears to offer effective responses to a variety of crises - including financial and economic ones.

scholarly journals An Economics Analysis: Trend & Performance of Agriculture Production in Haryana

2020 ◽  
Vol 5 (6) ◽  
pp. 1184-1189
Author(s):  
Dr. Rajinder Godara ◽  
Bal krishan
Keyword(s):  
Gross Domestic Product ◽  
National Income ◽  
Secondary Data ◽  
Industrial Sector ◽  
Domestic Product ◽  
Services Sector ◽  
Agriculture Sector ◽  
Yield Production ◽  
Tube Wells ◽  
And Performance

The Agriculture sector is the mainstay role of Indian’s Economy & livelihood through the generate of employment in the agriculture sector. With the passage of time the Agriculture & Allied Sector is continuously declining because of a cause of land fragmented day by day. Due to the land fragmented but ours’ dependency on the industrial sector as well as the services sector. In the agriculture sector in 2017-18 of the workforce, 50 percent of people engagement depends on the agriculture sector. Further agriculture sector contribution 17-18 percent of the total GDP (Gross domestic product) of national income. In Haryana state agriculture contribution is about 14.5 percent to its gross domestic product (GDP) while providing employment 51 percent of the workforce engaged in agriculture. Further, about 75% of the area is irrigated, through tube Wells and an extensive system of canals. About 2/3rd of the State has assured irrigation, most suited for a rice-wheat production system, whereas rain-fed lands around 1/5th are most suited for rapeseed & mustard, pearl millet, cluster bean cultivation, agro-forestry, and arid-horticulture. Methodology Statistical Techniques and Tools: The secondary data published from Haryana statistical Abstract, Economic The survey, Ministry of Agriculture and Farmers’ Welfare, published Research papers in the journal, and agriculture reports and so on. To compute the growth behavior of trends and performance of agriculture production in Haryana farm area, yield, production and income, the exponential function will be fitted. Review of Literature, Problem increasing the productivity in Haryana. Improved agriculture Productivity

Koncepcje rozwiązania kryzysu ekonomicznego przez dominujące polskie partie polityczne w latach 2008–2009

2018 ◽  
Vol 19 (254) ◽  
Author(s):  
Marek Barszcz
Keyword(s):  
Financial Crisis ◽  
Gross Domestic Product ◽  
Political Party ◽  
Budget Deficit ◽  
Global Financial Crisis ◽  
Quantitative Approach ◽  
Domestic Product ◽  
The Political ◽  
The Subject

The subject of the article is the political concepts of the last global financial crisis, whichbegan in Poland in 2008. In the study of political party and government demands for theeconomic crisis, a comparative and quantitative approach was used in the form of statisticaldata on growth of Gross Domestic Product and the adopted budget deficit and its relation toGross domestic product. Research covers the years 2008–2009.Keywords: financial crisis, political programs, political declarations

Analisis Pengaruh Utang terhadap Perekonomian dan Kemiskinan di Indonesia Periode 1949-2017

2018 ◽  
Vol 1 (1) ◽  
pp. 1-24
Author(s):  
Dedi Junaedi ◽  
Muhammad Rizal Arsyad
Keyword(s):  
Gross Domestic Product ◽  
Foreign Debt ◽  
National Income ◽  
National Development ◽  
Secondary Data ◽  
Development Planning ◽  
Debt Management ◽  
Domestic Product ◽  
Population Number ◽  
Better Than

Since  independence,  Indonesia   has   experienced  seven   changes   of   national leadership. Starting from  Soekarno, Soeharto, BJ Habibie, Abdurahman Wahid, Megawati, Susilo Bambang Yudhoyono (SBY), to Joko Widodo. During that time, foreign debt is always present to patch the development budget deficit. Debt is expected to move the wheels of the economy, create growth, create jobs, and alleviate poverty. This study aims  to  analyze  the  effect  of  debt, inflation  and  government regime differences on economic growth and poverty levels in Indonesia, from the Old Order era, the New Order, to the Reform Order. The study used  secondary data obtained from Bank Indonesia,  the National  Development  Planning  Agency (Bappenas), the Central  Bureau of Statistics (BPS), the World Bank, and other reference sources such as books, journals and scientific  papers. The data used  are  the value of  foreign debt, national income (Gross Domestic Product / GDP), population,  number and ratio of  the poor, inflation  rate in the period 1949 - 2017. The results  of  multiple  regression analysis  with  dummy variable (using  Eviews 10 application  program) show the  following  results:  Foreign debt has  correlation with  the national economic condition, in particular the value of Indonesian Gross Domestic Product and the level  of poverty. Debt tends to increase the value of GDP and reduce poverty. In terms of debt governance as a driver of the economy and poverty, the Suharto and Habibie Era tend to be different and better than the Sukarno Era. While the debt management of Era Abdurrahman Wahid, Era Megawati, Era SBY and Era Jokowi no different or no better than Era Sukarno. Although  nationally  can increase GDP and reduce poverty, debt can not improve people's prosperity (read per capita income). Foreign debt even tends to reduce the level of welfare of the people. This applies to all government regimes.    

scholarly journals The Czech labour market after the crisis of a real economy: negative development or return to steady-state?

2011 ◽  
Vol 59 (7) ◽  
pp. 477-488 ◽  
Author(s):  
Pavel Tuleja ◽  
Michal Tvrdoň
Keyword(s):  
Steady State ◽  
Gross Domestic Product ◽  
Labour Market ◽  
Economic Crisis ◽  
Economic Performance ◽  
Banking System ◽  
The United States ◽  
Domestic Product ◽  
Real Economy ◽  
Almost All

This paper studies the Czech economy before, during and after the economic crisis. Consequences on the labour market, respectively on unemployment are also discussed in the paper. According to most economists the cause of the economic crisis was the financial crisis which was triggered by a liquidity shortfall in the United States banking system. It has resulted in the collapse of large financial institutions, the “bail out” of banks by national governments and downturns in stock markets around the world. Real gross domestic product decreased in almost all EU countries including the Czech economy. Massive drop of gross domestic product led to increase in the unemployment rate. The purpose of this paper is to contribute to discussion about consequences of this crisis. The paper provides also an analysis of gross domestic product and its components. The empirical analysis also tried to answer the question if it is more a return to steady–state than the deterioration of economic performance in the case of the Czech economy. In other words, it means that economic performance of the Czech economy was above the level of potential output. Research in this study is based on basic macroeconomic quarterly data between the years 2000 and 2010 which were published by the Czech Statistical Office and Eurostat. We found out that the Czech labour market had to cope with the consequences of the economic crisis and now it is going to reach a long-term equilibrium.

scholarly journals Talk of Markets

2021 ◽  
Author(s):  
Laura Adler ◽  
Daniel Hirschman
Keyword(s):  
Gross Domestic Product ◽  
Economic Sociology ◽  
Economic Value ◽  
Market Price ◽  
National Income ◽  
Domestic Product ◽  
Market Prices ◽  
Cultural Object ◽  
Key Features

This paper examines “market talk” as a pervasive and flexible cultural tool. We analyze two cases in which the market is invoked as a justification: employers’ pay-setting practices and the exclusion of unpaid housework from calculations of gross domestic product. Employers interpret a candidate’s past salary as “the market price” indicating that individual's value, and thus use salary history as the basis for salary offers. National income statisticians argue that the absence of market prices for housework renders housewives' true economic value uncalculable. We identify three key features of market talk: authority, credibility, and accessibility. These features offer a framework for understanding why actors invoke markets and with what effects. Beyond understanding how culture constitutes or affects markets, economic sociology must also understand the market as a cultural object and, in particular, as a potent and gendered form of justification.

scholarly journals Protection of Intellectual Property and its Economic Aspects

2016 ◽  
Vol 5 (3) ◽  
pp. 5
Author(s):  
Lenka Pelegrinová ◽  
Martin Lačný
Keyword(s):  
Intellectual Property ◽  
Gross Domestic Product ◽  
Intellectual Property Rights ◽  
National Income ◽  
Domestic Product ◽  
Cross Sectional ◽  
Panel Data Regression ◽  
Data Regression ◽  
Significant Probability ◽  
Per Capita

Intellectual property as assets in intangible form is classified in most countries under the definitions of the TRIPS Agreement and PCT according to the manner of its protection. This article presents results of an analysis of relationship between the protection of intellectual property rights at certain globalization level and verification of their influence on economic indicators in the selected countries of the research sample – 32 countries of a similar intellectual property protection system under the PCT. An examination of the level of globalization as a quantitative marker was enabled by the KOF Index of Globalization. The time and cross-sectional data enabled to test 352 objections by applying a non-parametric statistical method – panel data regression with the effect of random cross-sectional variables. The conclusions show that there is a statistically significant probability of the relation between the quantity of registered patents and the level of gross domestic product, gross domestic product per capita and adjusted net national income.

scholarly journals STRUCTURAL-DYNAMIC ANALYSIS OF THE STATE OF INDUSTRIAL ENTERPRISES FROM THE POSITION OF THEIR SAFE DEVELOPMENT

2021 ◽  
Author(s):  
Victoriia Garkusha
Keyword(s):  
Financial Crisis ◽  
Gross Domestic Product ◽  
National Economy ◽  
The State ◽  
Economic Conditions ◽  
Domestic Product ◽  
Main Trend ◽  
Business Activity ◽  
Structural Dynamic ◽  
Industrial Enterprises

In the article the tendencies of development of the industrial branch are revealed. The dynamics of gross domestic product created by industrial enterprises is studied to establish their position in the structure of the national economy. It is proved that industry has a significant impact on the state’s economy, as this industry creates a large number of jobs, promotes the development of small and medium-sized businesses. The factors that determine the main trend of dynamics (increase or decrease of levels) are revealed. As well as factors that deviate levels from the trend. We observe that industrial enterprises are going through a difficult period due to difficult economic conditions, increasing competition in industries, the financial crisis, as well as the lack of real support from the state. Based on the logic of safe economic activity, the tendencies of changes in the financial result of industrial enterprises, in particular processing, are investigated and the degree of their safe functioning and development is revealed. When studying the trends in gross domestic product, their great importance in the structure of the national economy was found. The dynamics of expectations of industrial enterprises regarding the prospects of development of their business activity is characterized. It is established that the tendency to increase production actualizes the problem of improving management, first of all, financial results and in their composition – the profitability of operating activities. The trend of profitability of operating activity of industrial enterprises on the basis of phase-frequency Wallis-Moore criterion is estimated. Multidimensional, detailed analysis of the activities of industrial enterprises is a necessary element of the information system through which management and professionals have the opportunity to make adequate management decisions. The dynamics of expectations of the prospects for the development of their business activity shows that industries are experiencing a difficult period due to difficult economic conditions, increasing competition in industries, the financial crisis. It is expected that the proposals set out in the article will contribute to a partial solution to the problems of information security management of industrial enterprises.

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.

scholarly journals Factors of Production Influencing Gross Domestic Product in Nepal

2021 ◽  
Vol 19 (2) ◽  
pp. 41-45
Author(s):  
Prabhat Jha ◽  
Shiva Chandra Dhakal
Keyword(s):  
Gross Domestic Product ◽  
Agricultural Land ◽  
Labour Force ◽  
National Income ◽  
Regression Function ◽  
Domestic Product ◽  
Average Growth Rate ◽  
Average Growth ◽  
Fixed Capital Formation ◽  
Factors Of Production

This study has analysed the factors of production, viz; agricultural land, working force and gross fixed capital formation (GFCF) of Nepal between 2000/01-2017/18 AD and has determined their effects on national income, viz; Gross Domestic Product (GDP) by using Cobb-Douglas regression function. The results showed an average growth rate of GDP, agricultural land, working force and GFCF to be 3.9%, 0.8%, 1.5% and 7.9%, respectively, with the values plummeting in 2015/16, due to occurrence of the devastating earthquake in 2015, but then again variable values skyrocketed following years. The regression analysis found that GDP was affected significantly by agricultural land and working force, but insignificant with GFCF. On an average, with the increase in agricultural land and working force by 1 %, GDP increased by 1.1% and 1.7%, respectively. Thus, policy regarding an increment of agricultural land use and employment of labour force must be framed to improve the Nepalese economy.

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