scholarly journals Using Simulation Modeling for Finding the Limits of Economic Development Lending without a Financial Crisis

2021 ◽  
Author(s):  
Yuriy V. Vasylenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial Crisis ◽  
Technical Progress ◽  
Economic Activity ◽  
Gdp Growth ◽  
Labor Costs ◽  
Adequate Model ◽  
Technical Productivity ◽  
The Impact

The only existing approach to analyze the impact of excessive credit on the economy is based on statistics. Its main drawback is small intervals of changes in countries’ indicators, limited by current values. So researchers cannot notice how too much credit causes a financial crisis. To eliminate this and other shortcomings of the statistical approach, the author proposes a different approach: to use for such an analysis an economic model in which one can change credit levels. The most adequate model is a causal simulation model that reflects the main types of legal and shadow economic activity in their relationship. The author has developed such a model. This model showed that the level of loans 25% of output (51.8% of GDP), could create Ukraine’s financial crisis. Since loans are mainly used for investment, the author introduced the concept of the technical productivity of investment to link them with the technical progress, and with GDP growth. The technical productivity of investment measures their ability to reduce the rate of material or labor costs. Besides, the introduction of an indicator of technical productivity of investment made it possible to obtain an analytical dependence of the rate of economic growth on the level of loans and technical productivity of investment.

scholarly journals The Evolution of Economic Activity in the Rural Area of Region 2 South - East

2021 ◽  
Vol 95 ◽  
pp. 01007
Author(s):  
Daniela – Lavinia Balasan ◽  
Dragoş Horia Buhociu
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
Economic Activity ◽  
Labour Force ◽  
Standard Of Living ◽  
Economic Growth Rate ◽  
Current State ◽  
Per Capita ◽  
The Impact

When we talk about economic development, we can refer to improve the standard of living and the prosperity of the population. This is due by increasing per capita income. In order to analyze economic activity, severe indicators must be studied, namely productivity, economic growth rate, labour force share, gross domestic product. In order to carry out as accurate an analysis as possible, it is required to discover the bottlenecks and problems that Region 2 South East makes and to develop a set of reservations and indications leading to the reduction and, why not, the removal of negative aspects. The main purpose of this work is to achieve a strategic plan by studying the current state and the impact of the economic system in recent times in all its forms, with a view to the development of the countryside of Region 2 South – East. I set out to create a website based on the advice of small rural entrepreneurs that evolves gathering information in realistically identifying all the strengths and concentrating them in the region’s potential innovation.

scholarly journals The influence of demographic factors on the economic development of the Azerbaijan: the interconnection problem

2020 ◽  
Vol 10 (2) ◽  
Author(s):  
Saleh Nagiyev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
18Th Century ◽  
Demographic Factors ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
World Population ◽  
Per Capita ◽  
The Impact

Demographic factors have sometimes occupied center-stage in the discussion of the sources of economic growth. In the 18th century, Thomas Malthus made the pessimistic forecast that GDP growth per capita would fall due to a continued rapid increase in world population. There is a straightforward accounting relationship when identifying the sources of economic growth: Growth Rate of GDP = Growth Rate of Population + Growth Rate of GDP per capita, where GDP per capita is simply GDP divided by population. This article examines the interconnection between economic development and the demographic policy of Azerbaijan. The article analyzes various approaches of the impact of demographic factors on the economic development of a country. The following demographic factors have been identified and described as significant for the economic development: fertility dynamics, mortality dynamics, population size and gender and age structure.

scholarly journals Fiscal policy and economic development

2020 ◽  
pp. 153-164
Author(s):  
Mykola Pasichnyi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Fiscal Policy ◽  
Budget Deficit ◽  
Weight Ratio ◽  
Policy Formation ◽  
Gdp Growth ◽  
Fiscal Consolidation ◽  
Real Gdp ◽  
The Impact

The research subject includes the theoretical basis and mechanisms of fiscal policy formation and realization as an instrument of economic development regulation. The aim of the study is to improve the theoretical and methodological basis of fiscal policy formation and determine the peculiarities of its impact on economic development. Methods. In order to achieve the appropriate tasks, we used a set of methods and approaches, that helped to ensure the conceptual unity of our investigation. The dialectical, systemic and structural approaches, methods of analysis and synthesis, comparison, generalization,economic and mathematical modeling, scientific abstraction are applied. Results. In this paper, we explored the main instruments of fiscal policy, which affect economic development. The experience of advanced counties in fiscal consolidation and stimulus measures during the Great Recession was systemized. Also, the author investigated the budget deficit impact on real GDP growth in OECD countries over the 1981-2017 period. Practical implications. Fiscal policy and instruments of its implementation. Conclusions. The regulation of the tax burden on labor and capital influences the conjuncture of these factors in the market. Fiscal regulation is one of the determining reasons for the migration of labor and financial capital between different regions and countries. Given the multiplicity of combinations of tax bases and rates, the government has significant potential to impact on investment and consumer demand, and real GDP growth. The impact of budget expenditures on aggregate demand should be examined considering the level (ratio to GDP) and different composition structures. It is vital to raise the weight ratio of productive expenditures in the overall structure, which leads to foster economic growth. Particularly important are the special productive expenditures that are directed towards the development of human capital; which include expenditures on education, health care, physical development, R&D. It is crucial to establish a consistent relationship between public spending and the obtained results to form an effective fiscal policy. The budget should be balanced, which requires the implementation of systematic fiscal consolidation measures, and it has been found that the growth of the budget deficit slows down economic growth. The priority of fiscal policy is to reduce the debt burden.

scholarly journals The Impact of Culture and Creativity on the Economy of the City

2019 ◽  
Vol 7 (1) ◽  
pp. 272-289
Author(s):  
Kaspars Plotka ◽  
Jānis Viržbickis ◽  
Jānis Zvirgzdiņš ◽  
Ģirts Zariņš ◽  
Sanda Geipele
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Urban Development ◽  
Urban Environment ◽  
Economic Activity ◽  
Growth Potential ◽  
Necessary Condition ◽  
Cultural Industries ◽  
Modern Approach ◽  
The Impact

Abstract Creativity is an important component of the economy for modern cities, and necessary condition for it is the qualitative understanding of the economic theory science. In the global competition, it plays an important role for the economic growth dynamics, which is directly related to human resource role in the modern economy. The competitiveness of the territories depends on their attractiveness to economically active individuals and the opportunities they provide with economic growth. When considering the creative and cultural industries as potential economic development factors in the urban economy, culture can be considered as a new stage in urban development based on quality of life, creativity, which provide a level of degree for balance and determine the stability of the growth potential. The development of supporting urban infrastructure is identified as one of the drivers for expansion of the cultural and recreational domains both for the political and economic development. They reflect the specific characteristics of each city, the competitiveness versus attractiveness potential, and demonstrate the potential shift from the environment for production to a potentially new consumer environment with a higher “symbolic value”. The creative industries today can serve as an urban development domain tool, creating a modern approach to economic activity in various sectors of the economy. The authors draw attention to the cluster link between creative and cultural industries in urban planning. The authors propose a methodology for assessing revenues and costs, as well as recommendations for the work of cultural organisations and institutions involved in creating a creative urban environment. The article presents data and modelling results of the economic impact calculations for two imagined cities in order to theoretically approbate the methodology, which would help assess the socio-economic effect of the development of certain clusters. The aim of the research is to identify the impact of culture and creativity on the economy of city. The calculated information for decision makers would help formulate recommendations, evaluate potential developments of the urban environment, assist in planning and networking in urban agglomerations, based on clusters of creative and cultural industries, as the post-industrial city needs to make changes in order to achieve economic growth. The development of urban cluster of creative and cultural industries has a certain multiplicative effect, i.e., impact on the development of other types of economic activity.

scholarly journals The Analysis of the Labor Market in Albania

2017 ◽  
Vol 7 (1) ◽  
pp. 69
Author(s):  
Zamira SINAJ
Keyword(s):  
Economic Growth ◽  
Economic Activity ◽  
Fair Value ◽  
Gdp Growth ◽  
Structural Reforms ◽  
Average Annual Rate ◽  
Economies In Transition ◽  
Pyramid Schemes ◽  
The Impact ◽  
Economic And Financial Crisis

Albania's economic growth after 1990 was among the highest of all the economies in transition. Economic activity, as measured at the fair value of the gross domestic product (GDP) for the period 1996-2015 grew at an average annual rate of 5.6 percent, despite the shock of 1997 because of the collapse of the pyramid schemes and the contraction in GDP growth in 20014-2015 due to the impact of the economic and financial crisis. Such high levels of economic growth, has been preceded by economic and structural reforms and the expansion of services and construction, spurred by remittances and informal activities.

scholarly journals LA COMPOSICIÓN DE LA CAPACIDAD TRIBUTARIA: EVIDENCIA PARA UN PANEL DE PAÍSES

2021 ◽  
Vol 81 (319) ◽  
pp. 63
Author(s):  
Nancy Ivonne Muller Durán
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Trade ◽  
Economic Activity ◽  
Income Levels ◽  
Panel Models ◽  
Fiscal Reforms ◽  
Para Determinar ◽  
The Relationship ◽  
Tax Capacity

<p>En este documento analizo la relación que existe entre el crecimiento económico, el comercio exterior y la capacidad tributaria. Sostengo que los impuestos no necesariamente distorsionan la eficiencia y que dependen de la actividad económica. Para documentar la hipótesis realizo cuatro modelos panel cointegrados para un grupo de 55 países y su subsecuente división de acuerdo con tres niveles de ingreso para el periodo de 1990-2018. Los resultados obtenidos muestran que el crecimiento económico es una condición <em>sine qua non</em> para determinar la capacidad recaudatoria pero no es suficiente en aquellos países con desigualdad económica. Por lo tanto, es necesario estimular el desarrollo económico y promover reformas fiscales progresivas.</p><p> </p><p align="center">THE COMPOSITION OF TAX EFFORT: EVIDENCE FOR A PANEL OF COUNTRIES.</p><p align="center"><strong>ABSTRACT</strong></p><p>This document analyzes the relationship between economic growth, foreign trade and tax capacity. It is argued that taxes do not distort efficiency and that they depend on economic activity. In order to empirically support our hypothesis, four cointegrated panel models are carried out for a group of 55 countries and their subsequent division according to three income levels for the period 1990-2018. The results obtained show that economic growth is a <em>sine qua non</em> condition for determining tax capacity, but it is not enough in countries plagued with economic inequality. Therefore, it is necessary to stimulate economic development and promote progressive fiscal reforms.</p>

scholarly journals Network model for researching the impact of the increasing of division of labor on innovations and economic growth

2020 ◽  
pp. 60-69
Author(s):  
I.P. Timofeev ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic System ◽  
Division Of Labor ◽  
Network Model ◽  
Economic Development And Growth ◽  
Economic Interpretation ◽  
The Impact ◽  
Further Development

The author offers a network model of the economic system designed to research the impact of increasing technological division of labor on the opportunities for economic development and growth. The article describes the main elements of the model and their economic interpretation, as well as the basic rules for its construction. An economic network consists of sets of producers, consumers and goods flows between them. The author shows how the model represents the appearance of various types of innovations. The author has outlined main directions of further development and researching the model.

scholarly journals THE CONTRIBUTION OF MIGRATION TO ECONOMIC GROWTH: THE EXAMPLE OF THE CITY OF ZAGREB

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Vinko Miličević ◽  
Danijel Knežević ◽  
Zoran Bubaš
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Activity ◽  
Economic Benefits ◽  
Gdp Per Capita ◽  
The European Union ◽  
Per Capita ◽  
The Republic ◽  
The Impact ◽  
The City

The problems in this paper belong to the field of migration and economy. The connection between migration and the economy has been proven on a global level, and as far as the Republic of Croatia is concerned, it is especially important to observe it through the City of Zagreb, which is the most important migration and economic center in the Republic of Croatia. Also, the accession of the Republic of Croatia to the European Union emphasized the observation and research of this connection because it created the preconditions for freer movement and employment of the population of the Republic of Croatia and the City of Zagreb within the European Union. The aim of this paper is to determine the contribution of migration to the economic growth of the City of Zagreb. The hypothesis presented in the paper is that there is a significant contribution of migration to the economic growth of the City of Zagreb. The disposition of the paper consists of six parts. The introduction explains the relevance of the topic, states the aim of the paper and hypotheses, explains the empirical part, the contribution of the paper and the disposition. The second part of the paper refers to the theoretical framework of the impact of migration on economic growth. The third part of the paper presents the migration processes of the City of Zagreb in the period from 2011 to 2018. The fourth part deals with economic activity in the City of Zagreb in the period from 2011 to 2017. The observed indicators of economic activity in the City of Zagreb are GDP and GDP per capita, and the graph in this part of the paper shows that GDP and GDP per capita in the observed period are higher at the end of the period than at the beginning. The fifth part of the paper refers to the empirical research of the contribution of migration to the economic growth of the City of Zagreb. The empirical part of the paper is based on correlations and regression analyses. This paper proves the hypothesis because the results indicate a significant impact of the variables of total and external migration on the GDP of the City of Zagreb and GDP per capita of the City of Zagreb. Decision-makers in the City of Zagreb can use the results of the research as a basis for maximizing the economic benefits they can get from migration. The conclusion provides an overview of the aim of the work, the results of the research, the limitations, the implications and the recommendations for future research.

scholarly journals ANALISIS POTENSI DAN EFEKTIVITAS PAJAK HOTEL DAN RESTORAN SERTA DAMPAKNYA TERHADAP PAD DAN PERTUMBUHAN EKONOMI DI KABUPATEN MINAHASA

2019 ◽  
Vol 19 (6) ◽  
Author(s):  
Jessy V. Tiwang ◽  
Debby Ch. Rotinsulu ◽  
Daisy S.M. Engka
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Tax Collection ◽  
Local Revenue ◽  
Starting Point ◽  
The Impact ◽  
The City

ABSTRAK             Pembangunan ekonomi daerah khususnya Pemerintah Kota merupakan titik awal pelaksanaan pembangunan, sehingga daerah diharapkan bisa lebih mengetahui potensi dan apa yang menjadi kebutuhan daerahnya salah satunya peningkatan Pendapatan dan Pertumbuhan ekonomi melalui proses pemugutan pajak Hotel dan Restoran guna dampak sesuai yang diharapkan.            Dalam penelitian ini bertujuan untuk menganalisis potensi dan efektivitas Pajak Hotel dan Restoranserta dampaknya terhadap Pendapatan Asli Daerah dan Pertumbuhan Ekonomi di Kabupaten Minahasa.            Berdasarkan hasil penelitian menunjukkan bahwa Pajak Hotel dan Restoran masih kurang berpotensi, sementara untuk tingkat efektivitas, Pajak Hotel dan Restoran menunjukkan angka yang efektif yakni rata-rata diatas 100%, dan secara bersama variabel Pajak Hotel dan Restoran memberikan pengaruh yang positif terhadap Pendapatan Asli Daerah, begitu pula secara bersamaan variabel Pajak Hotel dan restoran serta Pendapatan Asli Daerah memberikan pengaruh yang positif terhadap tingkat pertumbuhan ekonomi yang ada di Kabuaten Minahasa. Kata Kunci : Pendapatan Asli Daerah, Pertumbuhan Ekonomi, Pajak Hotel dan Restoran  ABSTRACT             Economic development areas especially the city is the starting point of construction , so that the regions is expected to be more aware of their potential and what has been one of the needs of the regions increase in income and economic growth through a tax collection hotel and restaurant to the impact as expected.            In this study aims to to analyze the all the potential and the effectiveness of tax hotel tax and restoranserta what effect it had on the regional genuine income and economic growth in kabupaten Minahasa .            Based on the research shows that hotel and restaurant tax potential is weak , while the effectiveness , hotel and restaurant tax shows a figure that is effective and above 100% , and together the hotel and restaurant tax positive impact on local revenue , this is also at the same time the hotel and restaurant tax and local revenue positive impact on the economic growth is in kabupaten Minahasa . Keyword : Local revenue, economic growth, hotel and restaurant taxes

scholarly journals Learning Losses Caused by the Covid-19 Pandemic - A Significant Threat to Economic Development

2021 ◽  
Vol 4 (1) ◽  
pp. 92
Author(s):  
Tea Kasradze ◽  
Nino Zarnadze
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
International Organizations ◽  
Positive Impact ◽  
Secondary Data ◽  
Market Demand ◽  
Local Policy ◽  
Education Systems ◽  
Increase Productivity ◽  
The Impact

Numerous studies show that there is a positive correlation between education and the economic development of the country. Strong education systems have a positive impact not only on the success of individuals but also on the economy of the entire country. Graduates equipped with the skills required by the labor market can easily find a place in this market. Knowledge and skills relevant to market demand increase productivity have a positive impact on economic growth and development. Unfortunately, Covid Pandemic has severely damaged the education systems. Governments, scientists, and experts provide us with statistical information daily around the world about both the slowdown in economic growth as a whole and the problems of individual sectors of the economy. These are the problems and numbers that are already visible and it can be said that the losses are easily measurable. However, the damage caused to the economy by education systems affected by the pandemic will be felt by countries and humanity years later, nor will it be easy to calculate. The problem is even more difficult in poor and developing countries. This paper aims to study the impact of the Covid Pandemic on the education system and economy in Georgia. The research examines the reports and studies of various international organizations, analyzing the secondary data obtained from them. Local policy documents, government reports and regulations, and papers of different researchers have also been studied, conclusions have been made and relevant recommendations have been developed.

Sign in / Sign up

Export Citation Format

Share Document