scholarly journals Economic Transition in the City of Paterson, New Jersey (America’s First Planned Industrial City): Causes, Impacts, and Urban Policy Implications

2014 ◽  
Vol 2014 ◽  
pp. 1-9 ◽  
Author(s):  
Thomas Y. Owusu
Keyword(s):  
Economic Growth ◽  
Twentieth Century ◽  
New Jersey ◽  
Urban Policy ◽  
Economic Transition ◽  
Policy Implications ◽  
High Rate ◽  
Economic Decline ◽  
Economic Activities ◽  
The City

This paper examines the dynamics of economic change in the City of Paterson, New Jersey, from the time of its founding in the late eighteenth century to 1990, with emphasis on the post-1945 era. Analysis shows that from the time of its founding to the first half of the twentieth century, Paterson experienced a period of economic growth followed by economic decline in the 1960s, characterized by major changes in its principal industries of cotton, locomotives, and silk. Economic growth in Paterson up to the early part of the twentieth century is attributable to several locational factors, including the availability of water resources, transportation, labor supply, and markets. Its decline in the post-1945 era is attributable to a combination of local, national, and global economic factors including periods of depression, labor discord, product substitution, decentralization of economic activities, and deindustrialization. Economic decline resulted in a high rate of unemployment, poverty, and urban decay. The most significant effort to reverse urban decline in the city is the urban enterprise zone (UEZ) program. The impacts of this program on economic growth in the city, however, remain inconclusive.

scholarly journals INDIKATOR MAKROEKONOMI DAN PEMBANGUNAN KOTA BANDUNG

2019 ◽  
pp. 622
Author(s):  
Teguh Santoso ◽  
Bayu Kharisma
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Moving Average ◽  
Descriptive Analysis ◽  
High Rate ◽  
Purchasing Power ◽  
Autoregressive Moving Average Model ◽  
Food Commodities ◽  
The City ◽  
Poverty Levels

The high rate of inflation has the potential to increase poverty because it can reduce people's purchasing power, where if inflation rises significantly it can shift the people who are categorized as not poor, become vulnerable to poverty, almost poor and even poor. The aims of this study are to analyze the development of macroeconomic indicators, namely inflation and economic growth that are associated with poverty levels in the city of Bandung. The methodology used in this study is descriptive analysis and the ARMA (autoregressive moving average) model. The results showed that the high inflation in the city of Bandung compared to national and West Java inflation carries its own burden for the economy of the community, where purchasing power will decrease when inflation rises significantly and will have an impact on people's welfare. Inflation in the city of Bandung is often due to the price of food commodities (volatile food inflation). In addition, the high economic growth in the city of Bandung is not directly proportional to the decline in poverty levels. This shows that the quality of economic growth in the city of Bandung has problems that need attention. Therefore, local government in their efforts to encourage economic growth must prioritize poverty reduction and inequality.

scholarly journals Energy Consumption and Economic Growth: Further Evidence from Taiwan

2017 ◽  
Vol 9 (7) ◽  
pp. 165
Author(s):  
Chung-Wei Kao ◽  
Jer-Yuh Wan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Energy Conservation ◽  
Energy Use ◽  
Threshold Model ◽  
Policy Implications ◽  
Economic Activities ◽  
Causality Test ◽  
Long Run ◽  
The Business Cycle

This paper investigates the nonlinear relationship between energy consumption and GDP in Taiwan. By applying the method of Gonzalo and Pitarakis (2006), we consider the possibility of significant threshold effects within the long-run relationship between the two variables, where the effect is trigged by changes in the phase of the business cycle. The Granger-causality test in a threshold model indicates the relationship between energy consumption and GDP is regime-dependent. A bidirectional relationship between these two variables is observed in the contractionary regime, implying that energy serves as an engine of economic growth and that reductions in energy use will have adverse effects on economic activities. On the other hand, a unidirectional causality running from GDP to energy consumption is detected in the expansionary regime. It indicates energy conservation is feasible in this regime with little or no detrimental effects on economic growth. The policy implications are that energy use and economic growth are jointly reinforcing each other during recessionary periods. However, in periods of high economic growth when energy consumption cannot bring about economic growth, energy conservation policies should be adopted with more aggressive thinking.

scholarly journals Realization and Contribution Sukuk Retail, Savings, and Retail's Waqf During The 2020 Covid-19 Pandemic

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Moh Agus Nugroho ◽  
Rika Febby Rhamadhani ◽  
Fathul Khair
Keyword(s):  
Economic Growth ◽  
Economic Recovery ◽  
Social Activities ◽  
Infrastructure Development ◽  
Economic Decline ◽  
Economic Activities ◽  
The Poor ◽  
The Government

Covid-19 entered Indonesia around March 2020, having an impact on economic growth. Indonesia during 2020 minus 2.07 percent of its economy. This economic decline was caused by Covid-19 which had an impact on the economic activities of residents. Throughout 2020 the government issued 4 series of Sukuk, retail Sukuk SR0012 and SR013, savings Sukuk series ST007 and finally retail Sukuk waqf SWR001. The purchase realization of SR012 was IDR 12,142 trillion, and SR013 was IDR 25,667 trillion. Then ST007, the funds that were collected were Rp. 5.18 trillion and the retail Sukuk waqf series SWR001 as much as Rp. 14.91 billion. Despite the minus economy, the Sukuk is still in demand by the Indonesian people. For own contribution, retail Sukuk funds are used for infrastructure development such as bridges, Hajj boarding buildings, construction of railroads, and others. Meanwhile, savings Sukuk are allocated for economic recovery and eligible green projects. Finally, retail waqf Sukuk is used for financing social activities and empowering people, such as the construction of an eye hospital for the poor and others.

scholarly journals The Digitalization – Economic Growth Relationship in Developing Countries and the Role of Governance

2021 ◽  
Vol 68 (4) ◽  
pp. 481-493
Author(s):  
Van Bon
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Digital Technology ◽  
Developing Economies ◽  
Research Question ◽  
Trade Openness ◽  
Policy Implications ◽  
Economic Activities ◽  
Advanced Economies ◽  
The Difference

Digital technology is emerging as one of the suitable solutions to help developing economies catch up with advanced economies in the context of globalization. Progress in digital technology promotes economic growth in developing economies because it reduces transaction costs in economic activities and improves workers’ skills and knowledge. Meanwhile, governance is the primary cause of economic growth. Therefore, this study raises a research question of whether governance significantly contributes to the digitalization – economic growth relationship in developing countries or not. For the answer, the study uses the difference GMM Arellano-Bond estimators to empirically examine the effects of digitalization, governance, and their interaction on economic growth for a group of 35 developing countries from 2006 to 2019. Then, the study applies the FE-IV estimator to check the robustness of estimates. The results indicate that digitalization and governance boost economic growth while their interaction hinders it. Furthermore, trade openness also increases economic growth. These findings suggest some crucial policy implications that governments in developing countries should establish appropriate conditions to promote digital technology so that citizens can peacefully express their views on government policies and regulations, which contributes to the economic development of the country.

scholarly journals Sustainable tourism and economic growth nexus in Kenya: policy implications for post-Covid-19

2020 ◽  
Vol 1 (2) ◽  
pp. 123-138
Author(s):  
Kipkosgei Bitok ◽  
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Sustainable Tourism ◽  
Policy Implications ◽  
Primary Data ◽  
Series Data ◽  
Economic Activities ◽  
Secondary Sources ◽  
Long Run ◽  
Socio Economic Impact

Purpose: The COVID-19 global pandemic has caused an unprecedented socio-economic impact. It has also raised our awareness of the role sustainability needs to play in our economic activities. This study investigated how sustainable tourism has contributed to economic growth in Kenya. Research Methodology: Eviews 10 software was used to analyze the time-series data. Drawing on data from 1995 to 2020, Johansen co-integration, Granger causality, and regression approaches were used. Results: The study found out that tourism employment and GDP are positively connected to economic growth in Kenya. The causality was unidirectional from economic growth to tourism contribution to GDP and employment, with a long-run linkage of the study determinants. Limitations: Since this research used the secondary sources of data, similar studies in the future may concentrate on the primary data sources to investigate the relationship between tourism employment and economic advancement. Contribution: At the new normal in the post-Covid-19 period, the study suggests that legislators and tourism policymakers should focus on the policies aimed at promoting sustainable tourism. Sustainable tourism should be managed following the three pillars of sustainability. Keywords: Development, Domestic, Moderate, Regional, Scenario

scholarly journals Measuring the Impacts of Roads Infrastructure on Manufacturing Location

CONVERTER ◽  
2021 ◽  
pp. 837-847
Author(s):  
Yong Wan, Xianglin Xu
Keyword(s):  
Economic Growth ◽  
Agglomeration Economies ◽  
Manufacturing Firms ◽  
Policy Implications ◽  
Heilongjiang Province ◽  
Economic Activities ◽  
Limited Impact ◽  
Manufacturing Sectors ◽  
Manufacturing Location ◽  
Sustainable Economic Growth

Using a detailed dataset on manufacturing firms, this study analyses the link between roads infrastructure and manufacturing location in Heilongjiang province, China. The results show that the improvement in roads facilities has very limited impact on the agglomeration of economic activities in Heilongjiang province during the 2001-2013 period, but this impact has changed to be significantly positive during 2008-2013 period, which has seen greater concentration. The explanation for this finding could be that the local protectionism and failed market economy took place in Heilongjiang province more recently. We also try to differentiate this distributive effect of road infrastructures across manufacturing sectors. The empirical results show that the technology-intensive and labor-intensive firms show a greater preference for areas with better road networks, while the resource-oriented industries appear to be not attracted by better road infrastructure. Important policy implications emerge from our findings for transport planning, enabling manufacturing firms to benefit from agglomeration economies and regions to achieve sustainable economic growth.

scholarly journals Kolozsvár történelmi belvárosának társadalmi fenntarthatósága

2006 ◽  
Vol 4 (2) ◽  
pp. 9-19
Author(s):  
József Benedek
Keyword(s):  
Urban Planning ◽  
Urban Policy ◽  
Economic Transition ◽  
Social Sustainability ◽  
City Center ◽  
The Social ◽  
Problematic Issue ◽  
Current Characteristics ◽  
Historic City ◽  
The City

The author examines the social sustainability of Kolozsvár's historic city center, pointing out the historic, social, geographic, economic and politic features that shape the current characteristics and potentials of the city. He concludes that in Kolozsvár, just like in any other city of Romania, social sustainability constitutes a problematic issue for urban planning, urban policy, and the privatization of estates and services in the context of politic and economic transition

scholarly journals ANALISIS JALUR KINERJA KEUANGAN DAERAH YANG DIMODERASI BELANJA MODAL TERHADAP PERTUMBUHAN EKONOMI

2019 ◽  
Vol 10 (1) ◽  
pp. 1
Author(s):  
Linawati Linawati ◽  
Mar’atus Solikah
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Financial Performance ◽  
Capital Expenditure ◽  
Secondary Data ◽  
Economic Activities ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
The City ◽  
Expenditure Allocation

<p><em>Planned financial performance, with estimates and realization of revenues and accuracy of expenditure allocation, is expected to increase economic growth. Increased economic growth indicates increased the economic activities of that area, followed by increasing income and the welfare of its people. The financial performance is allegedly not always increasing economic growth. The purpose of this study was to analyze the effect of regional financial performance on economic growth which moderated capital expenditure in the City and Regency of the Ex-Kediri Residency. The population as well as the sample in this study are 7 regions, namely 2 cities and 5 districts in the Kediri residency of East Java. The object of research is regional financial performance, capital expenditure and economic growth. The data used is secondary data, consisting of budget data on APBD realization and economic growth, obtained from the bps and dpjk websites. Data analysis using SEM Moderating analysis. This study has found that financial performance does not have a significant and negative effect on economic growth. Capital expenditure has a significant negative effect on economic growth, and capital expenditure can be as a moderator of regional financial performance towards economic growth.</em></p>

scholarly journals THE CITY UTILIZATION MANAGEMENT CASE STUDY OF LAND USE DYNAMICS AND ECONOMIC GROWTH IN BANDAR LAMPUNG CITY

2015 ◽  
Vol 10 (2) ◽  
pp. 153
Author(s):  
Bambang Utoyo S.
Keyword(s):  
Economic Growth ◽  
Land Use ◽  
Population Growth ◽  
Urban Areas ◽  
Market Mechanism ◽  
Policy Implications ◽  
Trigger Factor ◽  
Sustainable Urban Development ◽  
Location Quotient ◽  
The City

<p>In the future, the urban area will be the area that gets more complex, covered by a variety of social, economic and environment arising from population growth in the region and in line with the dynamics of globalization, democratization and decentralization. The purposes of this study is to describe and analyze the dynamics of land use and growth in the area for 1 (one) a decade in Bandar Lampung.</p><p>               This research is a descriptive study using documentation for secondary data obtained from the BPS at two (2) different time points (t0 and t1). The analysis model used to assess the focus of research using quantitative analysis <em>Location Quotient</em> (LQ) and <em>Shift-Share Analysis</em> (SSA).</p><p>               The results showed that: (1) During a decade in Bandar Lampung has occurred the utilization land for industrial use; settlements and services were increasingly widespread. While the use of land that is not cultivated; swamps and forests tend to be diminishing at a rate; patterns and impact varied in each parts of the city; (2) For almost a decade of economic growth in Bandar Lampung supported by sectors of the economy outside agriculture and mining and quarrying. While in the long term competitiveness of economic growth in the city was supported by the agricultural sector; Non-oil processing industry; and finance, leasing and services company. And the third (3) factors of economic growth, population growth and government policy in the form of spatial planning as well as the entry into force of the market mechanism was a trigger factor that reflected changes in land use in urban areas.</p><p>               The suggestions and recommendations as well as follow up on the policy implications that can be done in Bandar Lampung, including : changing the necessary incentives and dis-incentives policy in controlling land utilization, giving the opportunity cost that owned land resources, both economic and non -economic. Additionally, in efforts to achieve sustainable urban development, expansion of public access required in determining the allocation of land use and the provision of public space is increasingly widespread and qualified as a form of services provided by the municipality to citizens.</p>

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