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Tytuł:
THE SOCIAL AND ECONOMIC GROWTH VS. THE EMERGENCE OF ECONOMIC GROWTH AND STAGNATION AREAS
Autorzy:
Churski, Paweł
Powiązania:
https://bibliotekanauki.pl/articles/1023139.pdf
Data publikacji:
2018-07-30
Wydawca:
Uniwersytet im. Adama Mickiewicza w Poznaniu
Opis:
.
Źródło:
Rozwój Regionalny i Polityka Regionalna; 2013, 24; 185-188
2353-1428
Pojawia się w:
Rozwój Regionalny i Polityka Regionalna
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Quality of Public Finances and Economic Growth
Autorzy:
Halmai, Péter
Vásáry, Viktória
Powiązania:
https://bibliotekanauki.pl/articles/659513.pdf
Data publikacji:
2010
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
fiscal sustainability
quality of public finances
economic growth
structural reforms
Opis:
Fiscal sustainability is considered as a fundamental requirement of economic growth. The paper studies this topic regarding the EU Member States, especially the new ones. The ageing society of the EU countries results in growing dependency ratio and growing agerelated budget expenditure as implicit requirements. All these require the maintenance of the current state debt ratio and a permanent budget adjustment. The differences among Member States are significant, the country risks are diverse. In certain countries unsustainable public finances -sustainability gap – might evolve. Sustainable public finances are considered of special importance in the system of the EMU. Due to the lack of exchange rates, risk premia it comes to the spill-over of fiscal sustainability problems. Besides the reduction in state debt the creation of sustainable public finances requires employment and productivity growth, and the reforms of age-related expenditure. The quality of public finances requires the joint observance of several dimensions: long-term sustainability, stabilization (demand shocks), adjustment (effects of supply shocks) and the promotion of long-term growth are of outstanding importance. Main factors of the quality of public finances are the size of government, the level of deficit and state debt, composition of public spending, the structure of the tax system, and the fiscal governance and regulation. The Economic and Monetary Union itself has not forced out the necessary reforms yet. The fundamental public finance reforms are, however, unavoidable. In the ageing society there is a growing need for forward-looking policies. The integrated structural reforms that could contribute to the promotion of the potential growth might bring permanent solutions.
Źródło:
Acta Universitatis Lodziensis. Folia Oeconomica; 2010, 241
0208-6018
2353-7663
Pojawia się w:
Acta Universitatis Lodziensis. Folia Oeconomica
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Unemployment, poverty and economic growth in Nigeria
Autorzy:
Adelowokan, Oluwaseyi Adedayo
Maku, Olukayode Emmanuel
Babasanya, Awoyemi Olayiwola
Adesoye, Adesola Bolaji
Powiązania:
https://bibliotekanauki.pl/articles/522358.pdf
Data publikacji:
2019
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Nigeria
Poverty
Real output growth
Unemployment
Opis:
Aim/purpose – This study investigates the links between unemployment, poverty and economic growth in Nigeria between the periods, 1985-2015. Design/methodology/approach – The paper employed the Augment Dickey Fuller test for unit root test, Johansen cointegration for cointegration, Ganger causality for causality test and Error Correction Model to establish the short-run links between the variables. Findings – The unit root test result revealed that the variables trend with time indicating their failure of integration at level. However, they were found to be stationary at first difference. The causality result revealed that there is no causal relationship between unemployment, poverty and growth in Nigeria. Similarly, the cointegration results showed that there is no long-run relationship between unemployment, poverty and economic growth in Nigeria. The short-run parameter estimates indicated that unemployment has a negative and significant relationship with growth. However, the coefficient of the interaction between unemployment and poverty is positive and significant at the conventional level. Research implication/limitations – This study suggest that the output growth in the country will occur even if there are poor people as defined in absolute terms. The economy will still expand even if the number of poor people increases. This is also the case in the short run, revealing that the economy has grown even though over the years, the numbers of poor people have increased. Thus, there is a need for stable macroeconomic policies that would ensure equal distribution of income so that the poor also benefits from the country’s growth. Originality/value/contribution – This study empirically examines the contribution of output growth towards employment generation and poverty reduction using data sets from the Central Bank of Nigeria, National Bureau of Statistics and World Bank.
Źródło:
Journal of Economics and Management; 2019, 35; 5-17
1732-1948
Pojawia się w:
Journal of Economics and Management
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Path Dependence in Neoclassical Economic Growth Theory
Autorzy:
Jakimowicz, A.
Powiązania:
https://bibliotekanauki.pl/articles/1388527.pdf
Data publikacji:
2015-03
Wydawca:
Polska Akademia Nauk. Instytut Fizyki PAN
Tematy:
89.65.Gh
89.75.-k
05.45.-a
07.89.+b
Opis:
Path dependence is a key feature of complex economic systems. It implies that history matters in the long-term evolution of markets and economies. Path dependence can be viewed as the dynamic version of positive feedback effects. This paper focuses on the nonlinear neoclassical economic growth model with the Cobb-Douglas production function, which accounts for problems related to pollutant emissions. It was found that only selected initial forms have a chance to develop. Present states depend on past states, even though the historical circumstances that had affected the past states may no longer be relevant. The choice among different histories may be a stochastic process. The understanding of economic growth suggested in this study stands in opposition to the neoclassical tradition based on equilibrium states or paths independent of the system's history. In contemporary economics, the idea of path dependence is most often used in studies on the high-tech industry, where the researchers are focused on such phenomena as innovation processes, monopolization, or the causes of ineffective technical solutions. The analysis of historical conditions is almost entirely carried out with the use of qualitative methods, since the subject of the research is non-formalized. In addition, the theoretical basis for conducting relevant empirical research is still missing. As a result of the development of complexity economics in recent years, numerous dynamic features of complex economic systems can be examined with the application of quantitative methods which, in effect, strengthens the bonds between theory and practice. Rare exceptions include path dependence relations. The aim of this article is to fill this gap and to create a theoretical basis for quantitative research on historical conditions in economics. This is a necessary condition for undertaking empirical research. The theoretical search started with the Keynesian model of the Samuelson-Hicks trade cycle, to demonstrate that conventional economics completely omits the most interesting path-dependence cases. It turns out that only the neoclassical model of economic growth, taking into account two power laws, provides appropriate dynamic characteristics for a full description of path dependence relations. Therefore, appropriate theoretical bases can be provided only by complexity economics. It may seem that, in this work, the dependence on history is restricted to two successive time steps in the case of the Samuelson-Hicks model and a single step in the neoclassical model of economic growth by Day. However, it examines an ordered path dependence, where events are chronologically ordered and the impact of earlier events on the later ones occurs through intermediary events. It should be remembered that events are constantly affected by environmental stimuli that are reflected not only in initial conditions, but also in the values of the parameters for all periods. Thus, it is not a case of short-term memory.
Źródło:
Acta Physica Polonica A; 2015, 127, 3A; A-86-A-94
0587-4246
1898-794X
Pojawia się w:
Acta Physica Polonica A
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Economic growth and its determinant: a crosscountry evidence
Autorzy:
Adepoju, Adedayo A.
Ogundunmade, Tayo P.
Powiązania:
https://bibliotekanauki.pl/articles/1194461.pdf
Data publikacji:
2019-07-02
Wydawca:
Główny Urząd Statystyczny
Tematy:
economic growth
panel data analysis
growth determinants
Opis:
Empirical evidence from a panel of 126 countries, over the time period of 2010 to 2014, indicates that economic growth is dependent on various factors. This paper finds that government expenditure control, reduced inflation and increased trade openness are the factors that boost the economic growth of a country. Significant evidence is seen for government consumption, fiscal policy and trade openness. No significant relationship has been observed between exchange rate and economic growth, whereas unemployment influences output for African countries. The cross regional analysis of Asian, European, African, Caribbean, and American countries gives specific determinants for these regions. Economic growth is also analysed in developing, developed, least developed, Muslim and petroleum exporting and emerging countries. The results of this study validate the dependence of economic growth on various factors. Fiscal balance has shown a consistent positive relationship with economic growth throughout the analyses. Fiscal balance and unemployment rate played their role in the growth of African countries. Inflation rates and increased openness were significant for some regions. Exchange rate did not return significant coefficients for any of the sub-regions. Government consumption, trade openness, policy interest rate and industrial production rate showed significant effect for different regions of the world.
Źródło:
Statistics in Transition new series; 2019, 20, 2; 69-84
1234-7655
Pojawia się w:
Statistics in Transition new series
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Economic growth and the optimal inequality of income
Autorzy:
Sztaudynger, Jan Jacek
Powiązania:
https://bibliotekanauki.pl/articles/653292.pdf
Data publikacji:
2018
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
income inequality
economic growth
optimal inequality
Opis:
Inequality of income is one of the significant factors forming social capital. Two views dominate among economists dealing with the influence of income inequality on economic growth. On the one hand, a too low level of income inequality does not motivate people to increase their labour productivity. Low inequality of income might result from an extended social care system and a GDP burdened with social transfers. A good example may be a situation when an unemployed person refuses to accept a job offer and prefers unemployment benefits to a slightly higher salary. Moreover, a lack of incentives for an employee who fails to acknowledge the economic sense of increasing the productivity of his or her work might lead to a slower growth of the economy. On the other hand, a contrary view suggests that an increase in inequality of income has a negative impact on the economy. The accumulation of wealth by a small number of citizens raises doubts about the good use of that wealth for the investments necessary for the growth of the economy. Excessive inequality of income is confronted with the disapproval of a significant part of society and is regarded as unfair and unjustified. It may also increase the crime rate, decrease trust and, more generally, lead to the weakening of social capital. The arguments presented above lead to the hypothesis that the influence of income inequality on the growth of the economy has a non-linear, parabolic character. We have confirmed this hypothesis in growth models of the US and Swedish economies. We assess the historically optimal inequality of income measured by the Gini coefficient at 46% and 24% for the US and Sweden, respectively. The optimal inequality of income for Poland was assessed previously at 29%. The dissimilarities may result from differences in culture, society, educational level and diligence.
Źródło:
Annales. Etyka w Życiu Gospodarczym; 2018, 21, 8; 89-99
1899-2226
2353-4869
Pojawia się w:
Annales. Etyka w Życiu Gospodarczym
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Health Capital and its Relationship to Economic Growth
Autorzy:
Zarzycki, Daniel
Malaczewski, Maciej
Powiązania:
https://bibliotekanauki.pl/articles/1022720.pdf
Data publikacji:
2020-06-30
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
economic growth
health indicators
health capital
Opis:
The purpose of the article/hypothesis: The purpose of this paper is to attempt to justify the thesis that the health potential of human and society has an impact on economic well-being, contributing to the economic growth of countries, and thus their enrichment.Methodology: In order to examine the significance and strength of the impact of health capital on productivity on a macroeconomic scale, an econometric model of economic growth was used and six estimations were made in which the impact of subsequent components of this capital was examined.Results of the research: It turned out that 4 out of 6 introduced variables of health capital significantly influenced economic growth, and their direction is consistent with the economic theory. This implies necessity for further studies.
Źródło:
Finanse i Prawo Finansowe; 2020, 2, 26; 157-170
2391-6478
2353-5601
Pojawia się w:
Finanse i Prawo Finansowe
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Review Of Theories And Models Of Economic Growth
Autorzy:
Piętak, Łukasz
Powiązania:
https://bibliotekanauki.pl/articles/632843.pdf
Data publikacji:
2014-03-01
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
economic growth
theories of economic growth
models of economic growth
balanced growth
wzrost gospodarczy
teorie wzrostu gospodarczego
modele wzrostu gospodarczego
zrównoważony wzrost gospodarczy
Opis:
The subject of this article is a review of the theories and models of economic growth. In the first section, the author analyzes the theories of economic growth, such as Schumpeter’s, Lewis’s and Rostow’s theory. In the second part there is a review of the models of economic growth. In this part the author divides models into two groups: exogenus models and endogenus models. The article finishes with conclusions concerning the issues discussed. The method used in writing the article is an analysis of the English and Polish literature on the subject.
Celem artykułu jest przegląd teorii oraz modeli wzrostu gospodarzcego. W pierwszej części autor dokonuje analizy teorii wzrostu gospodarczego autorstwa: Schummpetera, Lewisa oraz Rostowa. W drugiej części opracowania zawarty jest przegląd modeli wzrostu gospodarczego. Autor analizowane modele dzieli na dwie grupy; modele egzogeniczne oraz modele endogeniczne. Artykuł kończy lista wniosków dotyczących przeprowadzonych analiz. Autor przygotowując artykuł wykorzystał metodę analizy literatury angielskiej i polskiej.
Źródło:
Comparative Economic Research. Central and Eastern Europe; 2014, 17, 1; 45-60
1508-2008
2082-6737
Pojawia się w:
Comparative Economic Research. Central and Eastern Europe
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Evidence and the micro-foundations of economic growth
Autorzy:
Joffe, Michael
Powiązania:
https://bibliotekanauki.pl/articles/943140.pdf
Data publikacji:
2017
Wydawca:
Uniwersytet Ekonomiczny w Poznaniu
Tematy:
economic growth
catch-up growth
micro-foundations
the capitalist firm
capitalist growth
systems
feedback
arms race
evidence-based economics
economic
methodology
Opis:
A theory for a phenomenon needs to explain its main empirical features. In the case of modern economic growth, these include the times and places where it has occurred, its magnitude, the distinction between cutting-edge and catch-up growth, and the uniformity of the growth process despite major cultural and institutional heterogeneity. I summarise the historical record to characterise the explanandum, then review the main theoretical perspectives. I find that most leading theories fail to explain the main observed features of modern economic growth. In particular, the magnitude of growth and other key characteristics suggest the need for a systems analysis. An implication is that the economy is driven by interacting economic forces, rather than being merely reactive to external non-economic influences such as preferences and technology.
Źródło:
Economics and Business Review; 2017, 3(17), 3; 52-79
2392-1641
Pojawia się w:
Economics and Business Review
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Health Capital and its Relationship to Economic Growth
Autorzy:
Zarzycki, Daniel
Malaczewski, Maciej
Powiązania:
https://bibliotekanauki.pl/articles/2121680.pdf
Data publikacji:
2021-09-03
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
economic growth
health indicators
health capital
Opis:
The purpose of the article/hypothesis: The purpose of this paper is to attempt to justify the thesis that the health potential of human and society has an impact on economic well-being, contributing to the economic growth of countries, and thus their enrichment. Methodology: In order to examine the significance and strength of the impact of health capital on productivity on a macroeconomic scale, an econometric model of economic growth was used and six estimations were made in which the impact of subsequent components of this capital was examined. Results of the research: It turned out that 4 out of 6 introduced variables of health capital significantly influenced economic growth, and their direction is consistent with the economic theory. This implies necessity for further studies.
Źródło:
Finanse i Prawo Finansowe; 2021, Numer Specjalny; 185-198
2391-6478
2353-5601
Pojawia się w:
Finanse i Prawo Finansowe
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Corruption and economic growth in India and Nigeria
Autorzy:
Obamuyi, Tomola M.
Olayiwola, Saheed O.
Powiązania:
https://bibliotekanauki.pl/articles/522170.pdf
Data publikacji:
2019
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Corruption
Economic growth
Human capital
Investment
Opis:
Aim/purpose – Theoretical arguments about the impact of corruption on economic growth have divided economists into two groups. The first one believes that corruption is an obstruction to economic growth and development while the second – that corruption plays a positive role in the development process. Therefore, the arguments on the effects of corruption on economic growth are inconclusive. This study investigates the effects of corruption on economic growth as measured in real Gross Domestic Product (GDP) per capita growth in Nigeria and India due to the pervasive corruption in the two low-income countries. Design/methodology/approach – The study employed Mo’s framework (2001) for investigating corruption and growth mechanism. The data for the study which covered 1980-2015 was extracted from the World Bank data repository. Corruption was measured by the Corruption Perception Index. Other variables are population growth rate, trade openness, education and the output of agriculture, industry and service sectors. Correlation coefficients were used to show a correlation between corruption and GDP growth rate for both countries. Ordinary Least Square (OLS) regression was used to estimate the effects of corruption on economic growth. Findings – The major findings of the study are: (1) Corruption has a stifling effect on economic growth when the measures of human capital, political instability and capital formation were not included in the estimation for India; (2) Corruption has a positive effect on economic growth when the measures of human capital, political instability and capital formation were included interchangeably and combined together in the estimation for India; (3) Corruption has a stifling effect on economic growth when the measures of human capital, political instability and capital formation were both included and excluded in the estimation for Nigeria; and (4) The transmission mechanism results show that corruption adversely affects economic growth through investment and human capital in both countries. Research implications/limitations – The implications of this study are that corruption produces a dampening effect on growth in both countries and the transmission channels were through investment and human capital. The limitation of the study has to do with the data. A better measure of corruption aside corruption perception index may produce different results. Originality/value/contribution – The unique contribution of the study is the investigation of the channel through which corruption affects economic growth in India and Nigeria.
Źródło:
Journal of Economics and Management; 2019, 35; 80-105
1732-1948
Pojawia się w:
Journal of Economics and Management
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
INCOME TAXES, PUBLIC FISCAL POLICY AND ECONOMIC GROWTH
Autorzy:
Wołowiec, Tomasz
Skica, Tomasz
Gercheva, Galya
Powiązania:
https://bibliotekanauki.pl/articles/599656.pdf
Data publikacji:
2014
Wydawca:
Wyższa Szkoła Informatyki i Zarządzania z siedzibą w Rzeszowie
Tematy:
personal income tax
corporate income tax
budgetary system
fiscal policy
economic growth
Opis:
The main goal of this article is to find the relationship between public fiscal policy and economic growth. The article consist of a few parts. The first is an introduction, which creates the background for the analysis in the following sections. It shows the main point of view on public fiscal policy especially in the case of personal income tax and creates a framework for the analysis of the relationship between taxation and economic growth. The second part focuses on the relations between central government decisions on taxation and its influence on savings, investments and economic growth. In this part we will find selected analyses of the impact of taxes on economic growth based on the examples of OECD countries. Finally, the last part of the work is a study on fiscal level and tax system structures and economic growth. In this part the authors checks two points of view on taxation. The first is that a low level tax burden is conducive to economic growth, and the second emphasizes negative consequences of decreasing budget tax revenues. The article shows both theoretical and empirical points of view on taxation and influence of government taxation decisions on the economy.
Źródło:
Finansowy Kwartalnik Internetowy e-Finanse; 2014, 10, 3; 52-64
1734-039X
Pojawia się w:
Finansowy Kwartalnik Internetowy e-Finanse
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The impact of the financial sector on economic growth
Autorzy:
Włodarczyk, Bogdan
Szturo, Marek
Powiązania:
https://bibliotekanauki.pl/articles/2097012.pdf
Data publikacji:
2018
Wydawca:
Polska Akademia Nauk. Komitet Nauk o Finansach PAN
Tematy:
financial sector
economic growth
financialization
Opis:
The approach of a unilateral impact of the financial sector on economic growth was invalidated by the last financial crisis which very quickly changed into a global economic crisis. The aim of the study is the analysis of the impact of the financial sector on economic growth in the context of the growing phenomenon of financialization, which was one of the significant reasons of the financial crisis. The study was focused on presenting the growing scale of this phenomenon and analysing the impact of money supply in USD and EUR on world GDP and the GDP of the USA and the Eurozone. The following hypothesis was postulated: the growing process of financialization causes the growth of the USD and EUR supply, influencing changes in the world GDP, the GDP of the USA and the Eurozone. The study confirmed the hypothesis of the relation of the money supply with changes in economic growth. However, influencing economic growth with the money supply causes the purchasing power of business entities to decrease and causes growing debt. Furthermore, it does not contribute to the strength of the real economy. A repair of the current “system“ should not be sought for in constantly increasing macroprudential regulations, but in a return to a country’s interventionism, leading to a change in the priorities of the actions of financial institutions; mainly banks, and the supply of money based on fixed parities (gold, energy).
Źródło:
FINANSE Czasopismo Komitetu Nauk o Finansach PAN; 2018, 1(11); 9-25
1899-4822
Pojawia się w:
FINANSE Czasopismo Komitetu Nauk o Finansach PAN
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Family and economic growth in Poland. New estimation results
Autorzy:
Sztaudynger, Jan Jacek
Powiązania:
https://bibliotekanauki.pl/articles/653289.pdf
Data publikacji:
2018
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
economic growth
family
Work-Family Balance
econometric model
marriage
divorce
Opis:
Economic growth is mostly explained by investments and employment growth. Since the mid-1990s various social categories have been introduced into the economic growth analysis, such as trust, crime and income inequality, etc. According to sociology and psychology, it is the family that constitutes interpersonal relationships and is an indicator of happiness and quality of life. It can be said that happy people better fulfil their social roles and also work better. We put forward the hypothesis that family ties have an influence on economic growth. More precisely: the more divorces (relative to existing marriages) there are, the slower economic growth is. This hypothesis was confirmed in an analysis of Poland’s economy in the years 1995–2017. Due to the disintegration of family ties measured by the divorce rate, Poland’s annual economic growth was slowed by about a 1 percentage point on average. This estimation is based on the productivity (GDP to labor ratio) growth model which, along with the divorce rate, also includes the investment and new marriage rates.
Źródło:
Annales. Etyka w Życiu Gospodarczym; 2018, 21, 8; 101-118
1899-2226
2353-4869
Pojawia się w:
Annales. Etyka w Życiu Gospodarczym
Dostawca treści:
Biblioteka Nauki
Artykuł
Wyświetlanie 1-15 z 811

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