scholarly journals Perspectives Measuring more than just economic growth to improve well-being

2020 ◽  
Author(s):  
Shaun Danielli ◽  
Patrice Donnelly ◽  
Tom Coffey ◽  
Schellion Horn ◽  
Hutan Ashrafian ◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Gross Domestic Product ◽  
Well Being ◽  
Good Health ◽  
Domestic Product ◽  
Economic Prosperity ◽  
Sustainable Economic Development ◽  
The Uk ◽  
Health And Well Being

Abstract It’s official: The UK is in a recession. The economy has suffered its biggest slump on record with a drop in gross domestic product (GDP) of 20.4%. 1 This is going to have a significant impact on our health and well-being. It risks creating a spiralling decay as we know good health is not only a consequence, but also a condition for sustained and sustainable economic development. 2 In this way, the health of a nation creates a virtuous circle of improved health and improved economic prosperity. How we measure prosperity is therefore important and needs to be considered.

scholarly journals Dampak Pembiayaan BUS dan UUS Terhadap Produk Domestik Bruto Indonesia Berdasarkan Lapangan Usaha

2021 ◽  
Vol 1 (3) ◽  
pp. 555-571
Author(s):  
Aida Azmi Nabila ◽  
Endang Hatma Juniwati ◽  
Fifi Afiyanti Tripuspitorini
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Gross Domestic Product ◽  
Model Test ◽  
Domestic Product ◽  
Islamic Banking ◽  
Economic Sectors

Islamic banking has a role to encourage economic development and enhance economic growth. One way to do this is by allocating Islamic banking financing funds to all economic sectors or industrials in Indonesia. There is a mismatch between the growth statistics of financing distribution to Gross Domestic Product based on industrials consisting of seven industrial. This istudy iaims ito idetermine iwhether ior inot ithere iis ia  relationship, iconstribution, and the effect iof ifinancing ichanneled on Indonesia's Gross Domestic Product. The isample iin ithis istudy was determined using ipurposive isampling. iThis iresearch imethod iis ia idescriptive imethod iwith ia iquantitative iapproach. iThe iresults iof  the model test of the effect of BUS and UUS financing on Indonesia’s Gross Dometic Product based on the industrial in 2012-2019 show that not all financing has a relationship, constribution, and the effect to Indonesia’s Gross Domestic Product based on the industrial.

Индустријализација и раст бруто друштвеног производа // The Industrialization and Growth of Gross Domestic Product

2018 ◽  
Vol 13 (22) ◽  
pp. 151
Author(s):  
Брано Маркић ◽  
Сања Бијакшић ◽  
Арнела Беванда
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Gross Domestic Product ◽  
Industrial Production ◽  
Growth And Development ◽  
Manufacturing Sector ◽  
Domestic Product ◽  
Data Set ◽  
The Impact ◽  
The Relationship

Резиме: Рад је истраживање и емпиријска верификација закона Ницхолас Калдора о утицају индустријске производње на раст бруто друштвеног производа. Калдор је формулисао принципе економског раста у облику три закона који настоје утврдити кључне узроке економског раста. Први његов закон тврди да је стопа раста привреде позитивно корелирана са стопом раста њезина производног сектора. Индустрија као најважнија снага развоја привреде се поодавно анализира у литератури о привредном развоју: Hirschman (1961), Rosenstein-Rodan (1943), Th irnjall (2013), Cornnjall (1977). Циљ рада је емпиријски провјерити Калдоров приступ расту и развоју у Федерацији Босне и Херцеговине. Стога је обликован посебан скуп података кога чине дводимензионалне табеле и временске серије. Регресијском анализом је квантификована повезаност између стопа раста бруто друштвеног производа и стопе раста индустријске производње.Summary: The paper the industrialization and the growth of gross domestic product is a research and empirical verification of Nicholas Kaldor laws on the impact of industrial production to GDP growth. Kaldor has formulated the principles of economic growth in the form of three laws that tend to identify key causes of economic growth. His first law asserts that the rate of economic growth is positively correlated with the rate of growth of its manufacturing sector. Industry as the most important force of economic development is widely analyzed in the literature on economic development (Hirschman (1961), Rosenstein-Rodan (1943), Thirwall (2013), Cornwall (1977)). The aim is to empirically test the Kaldor’s approach to growth and development in the Federation of Bosnia and Herzegovina. It is therefore designed a special data set consisting of two-dimensional tables and time series. Using regression analysis was quantified the relationship between the growth rate of gross domestic product and the growth of industrial production. 

scholarly journals EVALUATION OF THE CORRELATION BETWEEN THE LIVING STANDARDS LEVEL, SOCIO-ECONOMIC AND DEMOGRAPHIC PROCESSES IN UKRAINE

2021 ◽  
Vol 2 (37) ◽  
pp. 482-492
Author(s):  
S. Burlan ◽  
N. Katkova ◽  
S. Marushchak
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Population Growth ◽  
Demographic Change ◽  
Well Being ◽  
Living Standards ◽  
Disposable Income ◽  
Social Progress ◽  
Domestic Product ◽  
Demographic Indicators

Abstract. The aim of the study is to quantify the correlation between economic growth, social progress, demographic change, and living standards. To establish the correlation between social and economic processes the indicators were selected, using correlation-regression analysis the correlation between them was determined. The dynamics and connections tightness of 72 social and economic and demographic indicators based on official statistics for 17 years were analyzed in aggregate. As a result of the study revealed a close ligament between population’s lifetime, population growth and economic development and well-being, in particular, between gross domestic product per capita and total fertility rate, average population age, quintile ratio of funds that differentiate the degree of differentiation of funds people. The tight correlation between the average age of population, the «monetary» well-being indicators of population (the average amount of the assigned pension, the average monthly wage, the disposable income per person) and consumption (the volume of industrial production, retail turnover) were also determined. It has been found that the change in disposable income per person is closely related to a number of demographic indicators, such as population, natural population growth (reduction), and average age of population. The study also found that the growth of gross domestic product does not depend directly on the population and the number of people employed in the economy. It is determined that there is a medium correlation between indicators of crimes detected and the number of higher education institutions and the number of students in these institutions. There is also a lack of correlation between unemployment and crime rates with socio-economic indicators, although they should be. Keywords: correlation, correlation coefficient, indicators, living standard, social progress, economic growth, demographic change, evaluation. JEL Classification O11, O15, P36 Formulas: 0; fig.: 1; tabl.: 4; bibl.: 16.

scholarly journals economic development

2019 ◽  
Author(s):  
cut jussara mufda
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Gross Domestic Product ◽  
Distribution System ◽  
Living Standards ◽  
Gdp Per Capita ◽  
Domestic Product ◽  
Goods And Services ◽  
Per Capita

The cause of economic growth but not followed by the improvement of the income distribution system is because economic growth is measured by an increase in GDP (Gross Gross Domestic Product), namely the number of products in the form of goods and services produced within a country's territory in one year.Gross Domestic Product is always considered to be an indicator or determinant of living standards in a country. Therefore it is necessary to calculate GDP per capita. The calculation of Indonesia's GDP is carried out every year and always changes. The amount of GDP in Indonesia in 2016 is approximately 3,604 per capita and in 2018 it has decreased to 3,788 per capita after 2017 has increased to 3,875 per capita.Economic growth in Indonesia continues to increase along with the 4 components above which continue to be improved. Because GDP is a standard that has become a benchmark for economic growth, the 4 components that are continually being improved also encourage economic growth in Indonesia. This can be seen from 2019 Indonesia's GDP which increased compared to 2018. Investment that continues to increase then also increases GDP per capita in Indonesia in 2019.

scholarly journals Measurement of the Performance of an Economy

2019 ◽  
Vol 47 (47) ◽  
pp. 41-48
Author(s):  
Eva Jílková ◽  
Jolana Skaličková
Keyword(s):  
Economic Development ◽  
Environmental Factors ◽  
Gross Domestic Product ◽  
Human Development ◽  
National Economy ◽  
Human Development Index ◽  
Well Being ◽  
Domestic Product ◽  
Development Index ◽  
Economic Cycles

The success of a national economy and the economic development of a country are mainly assessed based on economic indicators. The Gross Domestic Product (GDP) is the most commonly used indicator at national and regional levels. The informational power of GDP is limited, so alternative ways of measuring economic development and well-being have begun to be used, of which the Human Development Index (HDI) is the best known and the most accessible. The aim of this research is to highlight the areas that are to be considered when assessing economic development and well-being, especially social and environmental factors. One of the objectives is to compare the GDP and the HDI in the V4 countries. There was a gradual, slight increase in HDI without regard to economic cycles and changes in the GDP in the V4 countries between 2007 and 2017.

Are good institutions required to import economic growth? The case of tourism

2021 ◽  
pp. 135481662110248
Author(s):  
Antoine Belgodere ◽  
Sauveur Giannoni ◽  
Sandrine Noblet
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Gross Domestic Product ◽  
Domestic Product ◽  
Transmission Channel ◽  
Gross Domestic Product Growth ◽  
Institutional Settings ◽  
Good For

Does a country need good institutions to use tourism as an economic development activator? From a sample of non-organisation for economic co-operation and development countries, this article aims to assess the feasibility of tourism-led growth in different institutional settings. The results not only suggest that a tourism shock is good for gross domestic product growth but that inclusive institutions enhance the ability of a country to convert tourism into growth. It also emphasises that beyond tourism that remains a major transmission channel for growth, inclusive countries largely benefit from growth in their neighbouring countries. They are more able to import economic growth from abroad.

Economics of Subjective Well-Being

2018 ◽  
Author(s):  
Anke C Plagnol ◽  
Lucia Macchia
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Well Being ◽  
Domestic Product ◽  
Subjective Well Being ◽  
Easterlin Paradox ◽  
Individual Level ◽  
Seminal Article ◽  
The Individual ◽  
Over Time

In 1974 economist Richard A. Easterlin asked in his seminal article “Does economic growth improve the human lot?” His answer to this question was a resounding no. The paper described what was later to be known as the Easterlin paradox, which is the observation that at one point in time rich nations are on average happier than poor nations, but over time there is no relationship between happiness and gross domestic product (GDP). The Easterlin paradox can also be found at the individual level. Easterlin’s paper is often described as starting the field of the economics of subjective well-being. The Easterlin paradox has been the topic of many published articles, with numerous studies supporting the original findings and some refuting them. This chapter describes the Easterlin paradox and recent evidence confirming or rejecting its existence. Other developments in the economics of subjective well-being are also discussed.

scholarly journals GENEALOGY OF CONCEPTS OF SUSTAINABLE DEVELOPMENT AND INCLUSIVE ECONOMIC GROWTH

2020 ◽  
Vol 5 (2) ◽  
pp. 65-69
Author(s):  
Vladyslav Makhonin
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Well Being ◽  
Evolutionary Approach ◽  
Economic Dynamics ◽  
Sustainable Economic Development ◽  
Perfect Model ◽  
World Economic ◽  
The 19Th Century

Given the ongoing reorientation of world economic dynamics from a model of sustainable economic development to a more perfect dialectically inclusive growth model, global scientific applied and theoretical thought requires a deeper understanding of the nature of these models of economic dynamics. Furthermore, a broader understanding of the nature and settings of the model of inclusive economic growth, declared by super-influential world institutions as the key social and economic modus of our time, should contribute to the improve-ment of its methodological aspect, which determines the success of the implementa-tion of the principles of inclusive economic growth in the policies of modern - both developed and developing - countries, as well as, thus, the level of well-being of the population. Applying the systemic and evolutionary approach, the author analyzed the interdisciplinary nature of the concepts of sustainable development and inclusive economic growth, as a result of which the multisystem historical origins of these concepts have been revealed and, thus, the understanding of the latter have been expanded. In particular, using the systemic and evolutionary approach, as well as relying on the works of the scientists mentioned below, specific examples in the development of science have been identified, which demonstrate the formation of a multisystem scientific paradigm in a period that spanned the gap on the historical canvas from the end of the 19th century to the middle of the 20th century. Accord-ing to the author, as well as a number of scientists, this paradigm has set the trend towards a multidisciplinary research. Based on the specific facts given in the article, in the author’s opinion, it was under the influence of the above tendency that a model of sustainable economic development emerged in the 1970s, and a dialectically more perfect model of inclusive economic growth appeared at the turn of the 20th and 21st centuries.

scholarly journals The importance of technological progress in measuring economic growth in Bosnia and Herzegovina

2020 ◽  
Vol 12 (1) ◽  
pp. 35-55
Author(s):  
Faruk Hadžić
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Social Services ◽  
Technological Progress ◽  
Value Added ◽  
Well Being ◽  
Economic Thought ◽  
Domestic Product ◽  
Knowledge Based ◽  
Gross Value Added

Economic growth is one of the most important concepts in the world economy. Although some authors critically believe that the level and rates of economic growth do not necessarily reflect the actual standard of living, it still remains the main way to measure a country's well-being. Different views on the topic of economic growth, as well as the factors that influence it, have been present throughout the history of economic thought from the very beginning. Unlike many theories of economic growth, which believe that in the long run there will be diminishing returns on factors of production such as labor and capital, Paul Romer in his theory of endogenous growth believes that technological progress, through knowledge accumulation, idea creation and innovation, leads to increasing returns, and thus contributes more to long-term economic growth, unlike other factors. In this paper, on the example of economic growth in B&H, the hypothesis that the activities of knowledge-based services contribute more to the gross domestic product, compared to other sectors was tested. To prove the hypothesis, a multiple linear regression model was made based on a time series of 48 consecutive quarterly values of B&H gross domestic product and sectoral gross value added according to the income and production approach. In the model, activities were grouped into those that are predominantly labor-intensive, knowledge-based services, personal and social services, and other activities. The results showed that the average value of gross value added per worker employed in the sectors of knowledge-based services has a 2.5 higher contribution compared to a worker in the labour-intensive sectors and a 2.47 higher contribution compared to one worker in the personal and social services segment. Also, tests of the implemented model show that additional employment in the sectors of knowledge-based services leads to accelerated economic growth in B&H.

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