scholarly journals A Study of Financial Development Impact on Economic Growth: A Comparison Between Egypt and Saudi Arabia

2021 ◽  
Vol 12 (4) ◽  
pp. 94
Author(s):  
Dirar Abdul-Hamid Al-Toum Al-Otaibi ◽  
Hossam Hosney Abdul Aziz ◽  
Shady Mohamed Shawky Abdel-mawgoud
Keyword(s):  
Economic Growth ◽  
National Income ◽  
Real Income ◽  
The Real ◽  
Economic Theories ◽  
Fixed Price ◽  
Time Period ◽  
Average Share ◽  
One Year ◽  
Average Individual

Economic growth is always seen as one of the chief economic goals countries try to achieve, in order to develop its economics. Economic growth takes different forms following the varying economic theories, and it's mostly defined as achieving increase in average share of individual from the real gross national income at certain time period. One of the most frequently used indexes to measure economic growth is: Measuring economic growth based on the expected – no the real – income, especially in countries that possess rich resources. And based on gross domestic product at fixed price and one year, and the average individual share from real income.

Co-integration Between Globalisation and Economic Growth

2017 ◽  
Vol 2 (2) ◽  
Author(s):  
Cândida Ferreira
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
The Real ◽  
The World Bank ◽  
Time Period ◽  
The World ◽  
Economic Institute ◽  
Almost All ◽  
World Development ◽  
Economic Globalisation

<span class="fontstyle0">This paper analyses the co-integration relationship between globalisation and economic<br />growth of 27 more or less developed countries across almost all Continents for the time period<br />1970–2013. Globalisation is </span><span class="fontstyle2">proxied </span><span class="fontstyle0">by the overall globalisation index and the sub-indices<br />representing economic globalisation, social globalisation and political globalisation, all<br />provided by the Swiss Economic Institute. Economic growth is measured through the natural<br />logarithm of the real Gross Domestic Product, sourced from the World Development<br />Indicators which are provided by the World Bank. Co-integration is tested with quantile cointegration regressions. The results obtained clearly confirm the existence of non-linear cointegration relationships between the considered globalisation indices and the real economic<br />growth.</span>

Co-integration Between Globalisation and Economic Growth

2017 ◽  
Vol 2 (2) ◽  
Author(s):  
Cândida Ferreira
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
The Real ◽  
The World Bank ◽  
Time Period ◽  
The World ◽  
Economic Institute ◽  
Almost All ◽  
World Development ◽  
Economic Globalisation

<span class="fontstyle0">This paper analyses the co-integration relationship between globalisation and economic<br />growth of 27 more or less developed countries across almost all Continents for the time period<br />1970–2013. Globalisation is </span><span class="fontstyle2">proxied </span><span class="fontstyle0">by the overall globalisation index and the sub-indices<br />representing economic globalisation, social globalisation and political globalisation, all<br />provided by the Swiss Economic Institute. Economic growth is measured through the natural<br />logarithm of the real Gross Domestic Product, sourced from the World Development<br />Indicators which are provided by the World Bank. Co-integration is tested with quantile cointegration regressions. The results obtained clearly confirm the existence of non-linear cointegration relationships between the considered globalisation indices and the real economic<br />growth.</span>

Taxpayer Apathy, Institutional Inertia, and Economic Growth*

1999 ◽  
Vol 17 (1) ◽  
pp. 3-10 ◽  
Author(s):  
James M. Buchanan
Keyword(s):  
Economic Growth ◽  
Economic Reforms ◽  
Real Income ◽  
Income Growth ◽  
The Real ◽  
Ultimate Failure ◽  
Real Growth ◽  
The Difference

Abstract This paper analyzes the difference in taxpayers’s attitudes toward fiscal politics during the 1970s - early 1980s, a period dominated by «taxpayer revolt», and those observed in the late 1990s, when taxpayers show an apparent state of apathy. The answer is that taxpayers where unhappy in the late 1970s and early 1980s because their effective real incomes were being reduced in a period of stagnant growth with inflation. They remained quiescent in the last years because taxes are extracted from them during a period of real income growth and low inflation. Paradoxically, the economic reforms that the earlier tax revolt set off may have generated the real growth that has made die ultimate failure of the movement emerge.

scholarly journals Foreign Direct Investments in the Economic Development of Romania

2015 ◽  
Vol 10 (3) ◽  
pp. 128-136 ◽  
Author(s):  
Marian Enescu ◽  
Maria Enescu
Keyword(s):  
Economic Growth ◽  
National Income ◽  
Efficient Production ◽  
Foreign Direct Investments ◽  
Economic Theories ◽  
Production Factors ◽  
Complex Process ◽  
Per Capita ◽  
Major Factors ◽  
Growth Economic

Abstract The economic theories consider the investments as one of the major factors of economic growth. Economic growth represents a complex process of increasing the dimensions of the national economy, based on the collective use of increasingly efficient production factors, dimensions expressed by the size of gross domestic product and national income per capita.

scholarly journals Government Expending, Real Interest Rate, and Economic Growth in Nepal

2018 ◽  
Vol 41 (3-4) ◽  
pp. 41-57
Author(s):  
Arbind Chaudhary ◽  
Mahesh Acharya
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Causal Relationship ◽  
Real Interest Rate ◽  
Trade Openness ◽  
Government Expenditure ◽  
Real Income ◽  
The Real ◽  
Long Run ◽  
Average Rainfall

This paper aims to obtain a linear and causal relationship between government expenditure and real interest rate to the economic growth of Nepal for 1975-2015. The applied ARDL cointegration technique yields a long-run association among the variables. Furthermore, the variables: government expenditure, real interest rate, and other control variables-average rainfall and trade openness are established as long-run elements to the national income. The real interest rate has a substitution effect on the Nepalese household sector, hence it hurts the real income. However, trade openness, public expenditure, and average rainfall are recorded as the short-run determinants. Similarly, the study also explores the existence of a bidirectional causal relationship between government expenditure and real income.

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

Pricing Initial Audit Engagements: A Test of Competing Theories

1999 ◽  
Vol 74 (2) ◽  
pp. 201-216 ◽  
Author(s):  
Allen T. Craswell ◽  
Jere R. Francis
Keyword(s):  
United States ◽  
Product Quality ◽  
Audit Fees ◽  
The United States ◽  
Public Disclosure ◽  
Audit Pricing ◽  
Experience Goods ◽  
Economic Theories ◽  
Time Period

Two competing theories of initial engagement audit pricing are examined empirically. DeAngelo's (1981a) model predicts initial engagement discounts in all settings, while Dye's (1991) model specifically predicts discounting will not occur in settings where audit fees are publicly disclosed. Unlike the United States and most countries, audit fees are publicly disclosed in Australia. Our study examines initial engagement pricing in Australia during a time period when comparable U.S. studies report discounts of 25 percent (Ettredge and Greenberg 1990; Simon and Francis 1988). The Australian evidence finds initial engagement discounting only for upgrades from non-Big 8 to Big 8 auditors. Discounting for upgrades to Big 8 auditors is consistent with economic theories of discount pricing by sellers of higher-priced, higher-quality experience goods as an inducement to purchase when uncertainty about product quality is resolved through buying (experiencing) the goods. The evidence in our study is generally consistent with Dye's (1991) conclusion that public disclosure of audit fees precludes initial engagement discounting and the potential independence problems arising from such discounting.

Generating Prosperity for Working Families in Affluent Countries

2018 ◽  
Keyword(s):  
Economic Growth ◽  
Real Income ◽  
Living Standards ◽  
Financial Strain ◽  
Inclusive Growth ◽  
Working Families ◽  
The Rich ◽  
Rich Countries ◽  
Analysis Of Performance

This book addresses the central challenge facing rich countries: how to ensure that ordinary working families see their living standards and the prospects for their children improve rather than stagnate over time. It presents the findings from a comprehensive analysis of performance over recent decades across the rich countries of the OECD, in terms of real income growth around and below the middle. It relates this performance to overall economic growth, exploring why these often diverge substantially, and to the different models of capitalism or economic growth embedded in different countries. In-depth comparative and UK-focused analyses also focus on wages and the labour market and on the role of redistribution. Going beyond income, other indicators and aspects of living standards are also incorporated including non-monetary indicators of deprivation and financial strain, wealth and its distribution, and intergenerational mobility. By looking across this broad canvas, the book teases out how ordinary households have fared in recent decades in these critically important respects, and how that should inform the quest for inclusive growth and prosperity.

“The Real Nature and Spirit of Our Lives”

2018 ◽  
Author(s):  
Amanda Porterfield
Keyword(s):  
Economic Growth ◽  
African Americans ◽  
Social Organization ◽  
Labor Unions ◽  
Social Evolution ◽  
Fourteenth Amendment ◽  
The Real ◽  
Real Nature ◽  
Republican Liberty ◽  
The U.S

Proponents of social evolution blurred boundaries between commerce and Christianity after the Civil War, championing Christian work as a means to economic growth, republican liberty, and national prosperity. Meanwhile, workers invoked Christ to condemn patronizing attitudes toward labor, and by organizing labor unions to hold capitalists accountable to Pauline ideals of social membership. Influenced by organic theories of social organization that traced modern corporations to medieval institutions, U.S. courts began recognizing corporations as natural persons protected by rights guaranteed in the Fourteenth Amendment of the U.S. Constitution, which had originally be crafted to protect the rights of African Americans.

scholarly journals One Year of the COVID-19 Pandemic in Galicia: A Global View of Age-Group Statistics during Three Waves

2021 ◽  
Vol 18 (10) ◽  
pp. 5104
Author(s):  
Iván Area ◽  
Henrique Lorenzo ◽  
Pedro J. Marcos ◽  
Juan J. Nieto
Keyword(s):  
Intensive Care Unit ◽  
Hospital Admissions ◽  
Age Groups ◽  
Age Group ◽  
Nw Spain ◽  
The Past ◽  
Global View ◽  
Time Period ◽  
Key Variables ◽  
One Year

In this work we look at the past in order to analyze four key variables after one year of the COVID-19 pandemic in Galicia (NW Spain): new infected, hospital admissions, intensive care unit admissions and deceased. The analysis is presented by age group, comparing at each stage the percentage of the corresponding group with its representation in the society. The time period analyzed covers 1 March 2020 to 1 April 2021, and includes the influence of the B.1.1.7 lineage of COVID-19 which in April 2021 was behind 90% of new cases in Galicia. It is numerically shown how the pandemic affects the age groups 80+, 70+ and 60+, and therefore we give information about how the vaccination process could be scheduled and hints at why the pandemic had different effects in different territories.

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