...The Impacts of Economic Growth Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. There are many positives and negatives with economic growth. Economic growth improves standard of living through sustained GDP growth, it improves tax revenues and provides the government with more money to spend on healthcare, education etc. Growth boosts business profits, a stronger economy increases consumer confidence therefore allowing people to purchase luxuries and once again improve their standard of living. Economic Growth will also increase employment, as growth increases as do business profits, therefore companies have more available finances to be able to pay wages and therefore levels of employment increase. Economic Growth can help protect the environment, as business profits increase, companies have more finance and can therefore invest in carbon investment, innovation and research and development to reduce the amount of harmful substances released during the production stages, therefore reducing their effect on the environment. On the other hand, economic growth poses as a threat of inflation risk. Increase in demand may be more than available supply and will therefore cause prices to rise, so consumer confidence decreases along with standard of living and business profits. Economic growth can have a negative...
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...of Arts & Commerce Vitthalwadi-East Email-Id :- kadam.a333@gmail.com Contact No:- 9029787363 ICT AND ITS IMPACT ON ECONOMIC GROWTH Exploring the growth potential of ICT ------------------------------------------------- Abstract: ------------------------------------------------- Past decade saw the growth of service sector and marveled on the growing potential of the IT industry. This became more relevant if we see the exponential growth of Internet along with T.V and Radio. So Information Technology (IT) along with Communication Technology (C.T) converges to give us a unique combination of ICT-Information and Communication Technology. This paper attempts to understand the contribution of ICT in the growth story of India. It analyzes the contribution towards growth with the help of four major components of ICT: Internet, Telecom, IT sector, T.V and Radio. The paper presents data and statistics providing sample evidence of the ever growing contributions of ICT towards income generation and employment for the country and thus having a major economical impact. Finally the paper concludes with the fact that it is high time to acknowledge the relevance of ICT within the service sector and growth cannot be looked exclusive of it. Information and Communication Technology:- Number of different studies find that there is a positive impact of the spread of ICT on national output (Röller and Waverman 2001, Sridhar and Sridhar 2004).According to a recent World...
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...INTRO – -world econ growth definition -Firstly it can benefit the uk economy -this in turn benefits the individual within the UK Point 1 -Increased trading oppurtunities for uk companies, potentially leading to a more balanced UK -Due to the UK have a large export market for innovation and ideas as new country’s develop this market may increase as more firms may want to use their ideas, however this may also produce a much fiercer competition and other country’s will begin to develop their own ideas and their export market could decrease. China is becoming much more innovative and can use its own cheap manufacturing base giving them a large competitive advantage which the UK may not be able to exploit as easily if the economy continues to grow -less developed countries which often supply will gain more power over buyer so cheap production may be less available pushing up uk general prices causing inflation, Chinas cheap manufacturing may become more expensive Point 2 -Individual -Increased exports as a result of more trading opportunities may increase employment opportunities for individuals as more production is needed to supply for other countries -philips curve, increased employment may lead to inflation making UK prices more expensive, however inflation does also trigger a devaluation of the pound boosting exports more which can boost the economy and make the UK richer and more competitive in the export market which could increase the individuals standard...
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...study The political, economic and social development of any country depends on the amount of revenue generated for the provision of infrastructure in that given country. However, one means of generating the amount of revenue for providing the needed infrastructure is through a well structured tax system (ogbona and ebimobewei, 2012). The vital role that taxation play in an economy cannot be overemphasized. Tax is a compulsory levy imposed by government or its agent on her citizens in order to raise revenue for the funding of economic activities. Nkoro and worlu, 2012 defined Tax as a fee charged or levied by a government on a product, income, or activity. If it is levied directly on personal or corporate income, it is called a direct tax. If it is levied on the price of a good or service, then it is called an indirect tax. The main reason for taxation is to finance government expenditure and to redistribute wealth which translates to financing development of the country (Musgrave and Musgrave, 2004, Bhartia, 2009). Apart from revenue generation prowess of tax, it is also used by the government to discourage consumption of certain goods. Taxation is a fiscal tool that most government uses to regulate both the micro and macro aspect of an economy. Generally, The importance of tax lies in its ability to generate revenue for the government, influence the consumption pattern of the people and also regulate the economy through its influence on vital aggregate economic variables such as...
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...Introduction * Objectives of the study * Salient features of Bangladesh’s current tax system * Growth trends and revenue structure of Bangladesh * Contribution of direct and indirect taxes to revenue * Reasons for introducing vat in Bangladesh * Ratio of VAT to Revenue & VAT to Tax * Revenue Structure during Pre and Post VAT Regime * VAT Rates in Selected Countries * VAT Productivity in Selected Countries * Some Important Features of VAT in Bangladesh * Tax Base for VAT * Arguments For VAT * Arguments against VAT * Reforms in VAT: Current Initiatives Introduction: Value Added Tax (VAT) is imposed on value added by a manufacturer of a firm or distributors. Value added tax means a tax on the amount by which the value of an article has been increased at each stage of production. It is a multistage consumption tax imposed on goods and services, which is collected at every stage of production and distribution rather than at the retail stage alone. Objectives of the Study: We can gain knowledge about the tax system (especially VAT) of Bangladesh by studying this topic. As following aspects of tax we can learn from this study: 1. To present an overview of tax system of Bangladesh. 2. To evaluate Govt. Performance in collecting revenue. 3. To identify the effect of the tax system (especially VAT) to economic development of Bangladesh. 4. To identify the problems and weaknesses of collecting revenue through...
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...INTERNATIONAL ECONOMICS THEMES AND ISSUES MMN222154-13- AB THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN NIGERIA BY AZUMONYE M. CHUKWUEMEKE S1344407 INTRODUCTION Over the years, the debate on the role of foreign direct investment (FDI) as a factor that induces economic growth has received the attention of policy makers, researchers and international organizations (Tumala et al, 2011). There is no denying that most countries strive to attract foreign direct investment (FD1) because of its putative advantages as a tool of economic development. Therefore, this essay seeks to ascertain the extent at which growth in foreign direct investments (FDIs) influences economic growth in Nigeria in the long-run and investigated the empirical relationship between FDI and privatization. Nigeria, after independence began with an economy that was mostly driven by the public sector. According to Tumala et al (2007), Nigerian Enterprises Promotion Decree (NEPD) of 1972 imposed several restrictions on FDI entry, thereby earning the tag „the indigenization policy‟. It reserved 22 business activities exclusively for Nigerians, including advertising, gaming, electronics manufacturing, basic manufacturing, road transport, bus and taxi services, the media and retailing and personal services. Foreign investment was permitted up to 60 per cent ownership and provided that the proposed enterprise had, based on 1972 data, share capital of N200, 000 ($300,000) or turnover...
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...EDUCATION QUALITY AND ECONOMIC GROWTH Education Quality and Economic Growth Education Quality and Economic Growth Eric A. Hanushek Ludger Wößmann THE WORLD BANK Washington, DC © 2007 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: feedback@worldbank.org All rights reserved 1 2 3 4 5 10 09 08 07 This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgement on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development / The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy...
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...IMPACT OF DEMOCRACY ON ECONOMIC DEVELOPMENT Impact of Democracy on Economic Development (Student’s Name) Professor (Name) Political Science 25 April 2012 IMPACT OF DEMOCRACY ON ECONOMIC DEVELOPMENT Abstract IMPACT OF DEMOCRACY ON ECONOMIC DEVELOPMENT Impact of Democracy on Economic Development Introduction There is a need to put into proper perspective the impact of democracy on economic development. In recent years, the discourse about democracy and development has gained prominence. Countries with long history of democratic governance have been noted to be doing well economically. It is the view of this author that so far a comprehensive assessment of the full impact of democracy on economic development is yet to be done.Probably, the reason as to why this has been so is because there is an obvious assumption that democracy will always have a positive impact on economic development. It is worthwhile however, to move away from the sweeping generalization and put this issue into proper perspective. It is proper to establish the full impact of democracy. In this study, the author will seek to establish the impact of democracy on economic development. Since its origins in ancient Greece, when Greeks created city states as communities...
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...:ﺗﺌﻮری ﺣﺴﺎﺑﺪاری :)درﺟﮫ اول اھﻤﯿﺖ (ﻣﻨﺎﺑﻊ اﺻﻠﯽ ﺗﺌﻮری ﺣﺴﺎﺑﺪاری (ﺟﻠﺪ اول)، دﮐﺘﺮ ﺳﺎﺳﺎن ﻣﮭﺮاﻧﯽ، دﮐﺘﺮ ﮐﺮﻣﯽ، ﺳﯿﺪ ﻣﺼﻄﻔﯽ ﺳﯿﺪ ﺣﺴﯿﻨﯽ، اﻧﺘﺸﺎرات ﻧﮕﺎه داﻧﺶ (ﺟﻠﺪ دوم ھﻨﻮز ﻣﻨﺘﺸﺮ ﻧﺸﺪه .1 )اﺳﺖ )ﻧﻈﺮﯾﮫ ھﺎی ﺣﺴﺎﺑﺪاری ( ﺟﻠﺪ اول )، دﮐﺘﺮ ﺛﻘﻔﯽ ، اﻧﺘﺸﺎرات ﺗﺮﻣﮫ ( ﺟﻠﺪ دوم ھﻨﻮز ﻣﻨﺘﺸﺮ ﻧﺸﺪه اﺳﺖ .2 ﺗﺌﻮری ﺣﺴﺎﺑﺪاری، اﺳﮑﺎت، ﺗﺮﺟﻤﮫ دﮐﺘﺮ ﭘﺎرﺳﺎﯾﯿﺎن، اﻧﺘﺸﺎرات ﺗﺮﻣﮫ ﻓﺼﻮل ۱، ۲، ۳، ۴، ۵، ۶، ۸ ، ۹ .3 )ﻧﺸﺮﯾﮫ ۳۱۱ ﺳﺎزﻣﺎن ﺣﺴﺎﺑﺮﺳﯽ (ﻣﻔﺎھﯿﻢ ﻧﻈﺮی ﮔﺰارﺷﮕﺮی ﻣﺎﻟﯽ .4 ﺗﺌﻮری ﺣﺴﺎﺑﺪاری، واﺗﺲ و زﯾﻤﺮﻣﻦ، دﮐﺘﺮ ﭘﺎرﺳﺎﺋﯿﺎن، ﻓﺼﻮل ۴ و ۵ و ۷ .5 :درﺟﮫ دوم اھﻤﯿﺖ ﺗﺌﻮری ﺣﺴﺎﺑﺪاری، ھﻨﺪرﯾﮑﺴﻦ (ﺟﻠﺪ اول و دوم)، دﮐﺘﺮ ﻋﻠﯽ ﭘﺎرﺳﺎﯾﯿﺎن، اﻧﺘﺸﺎرات ﺗﺮﻣﮫ ﻓﺼﻮل ۲۱، ۲۲ و ۳۲ .1 ﺗﺌﻮری ﺣﺴﺎﺑﺪاری، ﺑﻠﮑﻮﯾﯽ ، ﺗﺮﺟﻤﮫ دﮐﺘﺮ ﭘﺎرﺳﺎﯾﯿﺎن، اﻧﺘﺸﺎرات ﺗﺮﻣﮫ. ﻓﺼﻮل ۹ ، ۰۱، ۲۱ و ۴۱ .2 Munich Personal RePEc Archiveدﮐﺘﺮ ﮐﺮﻣﯽ و ﮐﺎﻣﺮان ﺗﺎﺟﯿﮏ، اﻧﺘﺸﺎرات ﻧﮕﺎه داﻧﺶ، ﻓﺼﻮل ۲ ، ۴ ، ۷ .3 ﺗﺌﻮری ﺣﺴﺎﺑﺪاری، وﻟﮏ ، ﺗﺮﺟﻤﮫ :درﺟﮫ ﺳﻮم اھﻤﯿﺖ ﺗﺌﻮری ﺣﺴﺎﺑﺪاری، ھﻨﺪرﯾﮑﺴﻦ (ﺟﻠﺪ اول)، دﮐﺘﺮ ﻋﻠﯽ ﭘﺎرﺳﺎﯾﯿﺎن، اﻧﺘﺸﺎرات ﺗﺮﻣﮫ ﻓﺼﻮل ۴، ۶، ۸، ۹ ، ۰۱ .1 ﺗﺌﻮری ﺣﺴﺎﺑﺪاری، ﺑﻠﮑﻮﯾﯽ ، ﺗﺮﺟﻤﮫ دﮐﺘﺮ ﭘﺎرﺳﺎﯾﯿﺎن، ﻓﺼﻮل ۵، ۶ و ۱۱ .2 ﺗﺌﻮری ﺣﺴﺎﺑﺪاری، اﺳﮑﺎت، ﺗﺮﺟﻤﮫ دﮐﺘﺮ ﭘﺎرﺳﺎﯾﯿﺎن، ﻓﺼﻮل ۰۱ و ۱۱ .3 :ﺣﺴﺎﺑﺪاری ﻣﺪﯾﺮﯾﺖ :)درﺟﮫ اول اھﻤﯿﺖ (ﻣﻨﺒﻊ اﺻﻠﯽ ﺣﺴﺎﺑﺪاری ﻣﺪﯾﺮﯾﺖ، دﮐﺘﺮ ﺳﺎﺳﺎن ﻣﮭﺮاﻧﯽ، دﮐﺘﺮ ﮐﺮﻣﯽ، ﻣﺤﻤﺪ ﻋﺒﺪزاده و اﻣﯿﺪ ﻓﺮﺟﯽ، اﻧﺘﺸﺎرات ﻧﮕﺎه داﻧﺶ .1 :درﺟﮫ دوم اھﻤﯿﺖ ﺣﺴﺎﺑﺪاری ﻣﺪﯾﺮﯾﺖ، دﮐﺘﺮ ﻧﯿﮑﺒﺨﺖ و زھﺮا دﯾﺎﻧﺘﯽ دﯾﻠﻤﯽ، ﻧﺸﺮ ﻣﮭﺮﺑﺎن ( ﻓﺼﻮل ھﺰﯾﻨﮫ ﯾﺎﺑﯽ ﮐﯿﻔﯿﺖ، ھﺰﯾﻨﮫ ﯾﺎﺑﯽ ھﺪف، ﺳﯿﺴﺘﻢ اﻗﺪام ﺑﮫ ھﻨﮕﺎم .1 ).ﺧﻮاﻧﺪه ﺷﻮد ﺣﺴﺎﺑﺪاری ﺻﻨﻌﺘﯽ ( ﺟﻠﺪ دوم)، ھﻮرن ﮔﺮن و ھﻤﮑﺎران، ﺗﺮﺟﻤﮫ دﮐﺘﺮ ﭘﺎرﺳﺎﯾﯿﺎن و ﻣﻮﺳﯽ ﺑﺰرگ اﺻﻞ (ﻓﺼﻮل ﺑﻮدﺟﮫ ﺟﺎﻣﻊ، ﺑﻮدﺟﮫ اﻧﻌﻄﺎف .2 )ﭘﺬﯾﺮ...
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...composed of three elements that together determine a certain ability of an individual to work: namely, skills, experiences and knowledge. Human capital can be developed through continuing education and attention to the health of an individual. The inclusion of human capital in the economic analysis is an important step. It is generally theorized that accumulation of human capital is a key driver of economic growth. According to economists, dissemination of knowledge to general population allows increasing returns and generates positive externalities. Therefore, it is a central concept of development economics that investment in human capital should be the foremost priority of developing countries. Foreign direct investment refers to international movement of capital across national boundaries. This may take the shape of creation of a subsidiary abroad or to exercise control on the management of a company in another country. The effects of FDI are generally considered to be highly positive on the growth of host country since it leads to transfer of technology and generation of employment in host countries. FDI has experienced strong growth since the mid-1980s and also contribute significantly to economic globalization. Foreign direct investment is also presumed to have positive outcomes for workers in the form of higher wages (Eicher &...
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...American Journal of Economics 2012, 2(3): 57-60 DOI: 10.5923/j.economics.20120203.06 Linear Function Application: Enlightment to the Impact of Fuel Subsidy Removal in Nigeria Abang I. S.*, Elufisan T.O., Okwubunne A. C. National Centre for Technology Management, an Agency of the Federal Ministry of Science & Technology, Obafemi Awolowo University, Ile-Ife, Nigeria Abstract This paper adopts a linear function approach to analyse the effect of fuel subsidy removal on the value of Nigerian Naira and local production in the country. Data for about eight different periods where fuel hike occurred in Nigeria was used, and a mathematical model with the aid of a graph, was also developed to aid estimated calculation of Naira’s value. We also deduced from this study that increase in fuel pump price has an adverse effect on the standard of living of the people, since fuel is essential for the transportation of major Nigerian commodities, such as Agricultural produce and other market product. The significant impact of the upsurge of petroleum pump price on the price of goods transport initiates this study; with the aim of checking its effect on the purchase value of naira. Though this study is totally neutral about the subsidy removal, its just to enlighten us on the topic and let viewers decide. Keywords GDP, Subsidy, Data, Scarcity calls for a quick intervention. In a bid to averting the continual occurrence of this problem, Nigeria government have decided to intervene by deregulating...
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...Telecommunications and Economic Development: Empirical Evidence from Southern Africa by James Alleman Carl Hunt Donald Michaels Milton Mueller Paul Rappoport Lester Taylor 2 International Telecommunications Society • Sydney TABLE OF CONTENTS 1 Executive Summary1-5 1.1 Methodology / Economic Analysis 1-2 1.2 Reasons for Under-Investment in the Telecommunications Sector 1.3 Conclusions 1-3 2 Overview 2-1 2.1 Introduction 2-1 2.2 Purpose of this Paper 2-1 3 Methodology 3-1 3.1 Literature Review 3-1 3.1.1 Macroeconomic statistical studies 3.1.2 Policy Implications 3-6 3-3 4 Data 4-1 4.1 Data Deficiencies for Southern Africa 4-1 4.2 Data Problems 4-2 4.3 Limited data 4-2 5 Results 5-1 5.1 GDP and Telephone penetration 5-2 6 Conclusions Error! Bookmark not defined. 7 Selected Bibliography and References 7-1 1-2 4 International Telecommunications Society • Sydney "... telecommunications policies affect not only telecommunications..., but also the economic development... and social, cultural and political growth." Pekka Tarjanne1 1 Executive Summary 2 Many countries in the developing world must decide how to best allocate scarce resources for improved economic development. An ITU study of telecommunications and development, The Missing Link, concluded that "telecommunications can increase the efficiency of economic, commercial, and administrative activities, improve the effectiveness...
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...productivity, economic growth and socio-economic development at the macro level. It focuses on a range of questions with respect to the impact of innovation and technological change on productivity, growth, employment, human capital, inequality, poverty, sustainability and socio-economic development. These questions are studied in an international comparative perspective including advanced economies, developing economies and economies in transition. The analysis of growth and development will be enlarged to include processes of catch up, forging ahead and falling behind. In the sense that the study of micro-dynamics of households, firms and sectors contributes to our understanding of relationships at the macro-level. A key concept relating innovation and technology with growth and development is productivity. Technological transformation is one of the major forces resulting in enhanced productivity and growth of income per capita. Productivity growth implies enhanced productive capabilities, which can potentially be used to fulfill a variety of human needs and realize social goals in the context of economic development. Socio-economic development is a broader concept than economic growth. It includes aspects such as the degree of inequality within and between societies, the environmental sustainability of increased production, the creation of employment and the fulfillment of basic human needs. Drivers and mechanisms of technological change and their contribution to growth and development ...
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...WEEK 5 ECONOMIC GROWTH To purchase this visit following link: http://www.activitymode.com/product/ecn-400-week-5-economic-growth/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECN 400 WEEK 5 ECONOMIC GROWTH The government uses policies like student loans and free trade to influence the economy’s growth rate. In 600- 1200 words, identify at least four policies from the textbook that the government has created to impact economic growth and productivity. In your paper, please also evaluate whether each item has enhanced or diminished your quality of life, and make any appropriate recommendations that might improve the policies. ECN 400 WEEK 5 ECONOMIC GROWTH To purchase this visit following link: http://www.activitymode.com/product/ecn-400-week-5-economic-growth/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECN 400 WEEK 5 ECONOMIC GROWTH The government uses policies like student loans and free trade to influence the economy’s growth rate. In 600- 1200 words, identify at least four policies from the textbook that the government has created to impact economic growth and productivity. In your paper, please also evaluate whether each item has enhanced or diminished your quality of life, and make any appropriate recommendations that might improve the policies. ECN 400 WEEK 5 ECONOMIC GROWTH To purchase this visit following link: http://www.activitymode.com/product/ecn-400-week-5-economic-growth/ Contact us at: SUPPORT@ACTIVITYMODE.COM ECN 400 WEEK 5 ECONOMIC GROWTH The...
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...will make research on the US economy development from 1990s till today. In the beginning, we will discuss the US economy historical path that shaped its structure and key forces defined the U.S. adaptability to changing economic environment. In the major part, we will evaluate the sources of the U.S. productivity and economic growth in terms of key economic indicators and success factors, including the government role. Finally, we will analyze the causes of the U.S. financial and economic crisis, commenting on the reforms undertaken and their impact to date. 1. Evaluate the forces underlying U.S. adaptability to changing economic forces. Key forces of the US adaptability to changing economic forces were low-wage competition from foreign countries, and the growth of new high-tech industries. Mexico and China’s low-wage competition forced to intensify changes and adjustments to compete effectively with, while many cities with skilled workforce and university research centers enabled technological capability for new high-tech businesses, small and medium (Cadieux, 2009). Differences in economic structure, forced by the differences in regional economic performance, were one of the key forces that created a unique system of US adaptability to changing economic forces. These forces shaped the US regions to adapt and “specialize” in the way that provided competitive advantage for each region. Northeast was focused on expansion of white-collar office jobs in the business sector...
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