Book Reviews

Anwar Shaikh of Department of Economics New School for Social Research reviews “The Mismeasure of Progress: Economic Growth and Its Critics” by Stephen J. Macekura. The Econlit abstract of this book begins: “Explores criticism of gross national product (GNP), outlining the quest of growth critics to redefine national economic aspirations and the measurement of economic life.”

Recovering cointegration via wavelets in the presence of non-linear patterns

Johansen’s Cointegration Test (JCT) performs remarkably well in finding stable bivariate cointegration relationships. Nonetheless, the JCT is not necessarily designed to detect such relationships in presence of non-linear patterns such as structural breaks or cycles that fall in the low frequency portion of the spectrum. Seasonal adjustment procedures might not detect such non-linear patterns, and thus, we expose the difficulty in identifying cointegrating relations under the traditional use of JCT. Within several Monte Carlo experiments, we show that wavelets can empower more the JCT framework than the traditional seasonal adjustment methodologies, allowing for identification of hidden cointegrating relationships. Moreover, we confirm these results using seasonally adjusted time series as US consumption and income, gross national product (GNP) and money supply M1 and GNP and M2.

Keluarnya Britania Raya dari Keanggotaan Uni Eropa dan Implikasinya Bagi Perekonomian

Pada Juni 2016, warga Inggris memilih untuk meninggalkan Uni Eropa, fenomena ini dikenal dengan nama Britania Exit yang disingkat dengan Brexit. Tulisan ini bertujuan untuk mengkaji pengaruh Britania Exit (Brexit) terhadap perekonomian Britania Raya, yaitu Gross National Income (GNI) dan Gross National Product (GNP) berdasarkan ekspor-impor, Foreign Direct Investment (FDI) dan ketenagakerjaan. Referendum menunjukkan bahwa lebih dari lima puluh persen warga Inggris memilih keluar dari Uni Eropa. Pasca politik British Exit (Brexit). Referendum Brexit terlihat dari alasan fundamental yaitu regulasi pasar ekonomi Inggris sendiri dan masalah imigrasi. Itu membuat Inggris kehilangan lebih banyak karena akses preferensial yang hilang ke pasar Uni Eropa yang besar. Tulisan ini menganalisis dengan menggunakan teori pertumbuhan ekonomi dan konsep kepentingan nasional. Metode penelitian yang digunakan adalah metode penelitian kualitatif, dengan sumber data sekunder yang didapatkan dari berita online, buku, jurnal, dan sumber-sumber tertulis lainnya. Teknik pengumpulan data yang digunakan adalah studi kepustakaan (library research), dengan teknik analisis data yang dimulai dari reduksi data, penyajian data, hingga penarikan kesimpulan. Adapun hasil dan pembahasan dari tulisan ini adalah kepentingan nasional Inggris yang berupa persoalan kedaulatan menjadi alasan dari Brexit, meskipun hal tersebut berdampak terhadap penurunan pertumbuhan ekonomi yang dialami oleh Inggris.

Estimating the destination of Mexican-based laundered funds: an application of the modified Walker-Unger model

Purpose This study aims to apply the modified Walker-Unger model to show the degree of attractiveness of a country for Mexican-based money launderers to send their illicit funds for the 2000–2015 time period. Design/methodology/approach The modified Walker-Unger model is used to conduct the analysis, as it combines several independent variables related to an illicit financial activity. These allow the researcher to investigate the attractiveness of a market to money launderers and the possible economic effects of money laundering. In total, 13 categories of indicators were used, namely, gross national product per capita; banking secrecy; government attitude; society for worldwide interbank financial telecommunication membership; financial deposits; conflict; corruption; Egmont group membership; language; trade; culture, colonial background; and physical distance. Findings Model results suggest the preferred destinations for Mexican-based money launderers from 2000 to 2015 were Bermuda (i.e. from 2000–2004), Canada (i.e. in 2005 and 2006) and Monaco (i.e. from 2007–2015). Research limitations/implications Timing and availability of reliable data after 2015. Practical implications Aids in continuing to empirically validate the Walker-Unger model. There is little literature on models that quantify money laundering activity. Social implications May aid policymakers in targeting anti-money laundering policy to more relevant countries. Originality/value The first empirical investigation that looks to quantify money launderer activity in Mexico. Contributes to the limited literature of quantitative investigations on money laundering.

WORKSHOP PENINGKATAN GROSS DOMESTIC PRODUCT & GROSS NATIONAL PRODUCT BERBASIS ENTERPREUNERSHIP SEBAGAI VARIABEL MODERASI BAGI UMKM DI KECAMATAN KARTASURA SUKOHARJO JAWA TENGAH

Kegiatan Tim Pengabdian STIE tahun 2020/2021 ini bertemakan : Kontribusi Enterpreunership Sebagai Variabel Moderasi Dalam Meningkatkan GDP/GNP Bagi UMKM Di Daerah Kecamatan Kartasuro Sukohardjo Jawa Tengah bertujuan untuk memberikan Pelatihan & Pembinaan anggota UMKM serta Ketrampilan dari berbagai disiplin ilmu sehingga memberikan wacana ilmu pengetahuan sesuai bidang masing-masing. Dari berbagai disiplin ilmu ekonomi yang diberikan meliputi : (1) Bidang Kajian Teoritis (2) Profile UMKM. Pengabdian ini dilakukan dengan cara mengadakan workshop selama satu hari dan dilanjutka Klinik kewirausahaan. Hasil binaan tahun lalu berkarakter innovative dan creative dalam menggunakan teknologi informasi serta memiliki basis yang kuat terhadap analisis lingkungan bisnis yang diukur dari kinerja lingkungan terutama dalam menyerap tenaga kerja terdidik, terlatih & terampil melalui Pengembangan Sumber Daya Manusianya Menuju Tenaga Kerja yang Profesional dibidangnya sehingga dapat menciptakan lapangan kerja baru yang siap diisi oleh Tenaga kerja tersebut pada Industri 4.0. Guna meningkatkan Kontribusi Pendapatan GNP/GDP melalui Pembinaan Enterpreunership & Tahapan-tahapan daur hidup produk UMKM yang beraneka macam yang menjadi binaannya. Kerja sama yang baik antara TIM Mitra dan Tim Akademisi akan menentukan kunci suksesnya pencapaian tujuan tersebut.

Poverty Eradication for Sustainable Human Capital Development

Six decades after the political independence of the Nigerian state, its government like many other governments across the third world has not been able to eradicate poverty within its borders. The prevailing situation has defied the introduction of different political structures, economic policies and even the deployment of foreign expertise and aids. This study therefore examines the causes, consequences and extant solutions proffered before now and concludes that for a nation to grow economically and rise above poverty level, there is need for human capital development since the poverty level in the country has negative impact on Gross Domestic Product (GDP) and Gross National Product (GNP). This study measures Human Capital Development (HCD) through per capital income and Human Development Index (HDI).

Introduction Of Principles Of Management In Subjects Of Business

The Accelerated rates small-scale business and business worldwide develops. In Uzbekistan small-scale business and business too develops. The share of small-scale business and business grows in gross national product. Successful activity of small-scale business and business depends from introduction in them of modern principles of management. In article introduction of principles of management in subjects of small-scale business and business in the conditions of economy globalisation is considered questions.

Dependence of Transportation on Industry in Croatia

The transportation sector is the lifeblood of an economy. It is divided into three principal categories, i.e., modes of transportation: air, land, and water. This paper analyzes the post-financial crisis value added data for the Croatian economy (2008–2015) by analyzing the dependence of three categories of the transportation sector on the cumulative of all other sectors, and on the manufacturing sector in particular. The value added of the three categories of the transportation sector is progressively dependent on the value added of the cumulative industry. This may be due to the progressive dependence of the gross national product on transport because of specialization and division of labor resulting in economies of density due to network and agglomeration effects.

DAMPAK PERDAGANGAN INTERNASIONAL TERHADAP PERTUMBUHAN EKONOMI INDONESIA PADA TAHUN 2009-2019

Perdangangan internasional sangat mempengaruhi pertumbuhan ekonomi suatu negara. Salah satu indikator pertumbuhan ekonomi adalah dengan Produk Domestik Bruto (PDB). PDB merupakan indikator kesejahteraan perekonomian di suatu negara dan dapat menjadi rujukan untuk mengukur kesejahteraan masyarakat yang diukur dengan tingkat pendapatan (income). Maka semakin meningkat ekspor suatu negara, pendapatan masyarakat akan meningkat pula. Metode Penelitian yang digunakan dalam penelitian ini adalah dengan menggunakan analisis deskriptif kualitatif. Dengan cara mendeskripsikan fenomena-fenomena yang terjadi akibat dampak perdagangan internasional terhadap ekonomi Indonesia. perdagangan luar negeri dengan kegiatan ekspor dan impor memiliki pengaruh atau dampak terhadap pertumbuhan ekonomi. Hal ini juga sejalan dengan teori perdagangan internasional yang dikemukakan oleh Heckscher-Ohlin yang menyebutkan bahwa Net-Ekspor atau ekspor netto merupakan salah satu faktor terpenting dari Gross National Product (GNP), sehingga dengan berubahnya nilai Net-Ekspor maka akan memberikan pengaruh terhdap perubahan dari pendapatan nasional.

Economical and Social Dimensions of Unionization in Turkish Textile and Clothing Sector

Textile and clothing sector possesses a significant place in Turkish manufacturing industry as well as in exports, investments, gross national product and employment; also maintains its locomotive sector position in development for a long time with its established production potential and labor force. However, there are serious issues about the unionization of workers in the sector. On one hand, this situation causes an increment in social and economical issues of workers and enterprises and on the other hand, it damages democracy within the enterprise. In this context, this study aims to suggest tangible solutions by revealing the economical and social differences between unionization and non-unionization in the sector. Besides, the study differs from other studies and contributes to the literature due to its two-sided research structure (workers and employers) and analysis of unionization in textile and clothing sector in terms of economical and social aspects. In accordance with the aim of the research, two separate surveys are conducted for textile and clothing enterprises, which operate throughout Turkey, and for unionized and non-unionized blue-collar workers of these enterprises. The obtained data are analyzed by using descriptive statistics, exploratory factor analysis, and independent samples t-test. As stated by the research results, the perspectives of unionized and non-unionized participants differ with regard to positive and negative aspects (both economical and social aspects) of being a union member.