Mpra.ub.uni-muenchen.de

Economic cycles: historical evidence, classification …

economic cycles, provides a concept of ―economic organism‖ versus ―economic mechanism‖, gives a definition of ―good cycles‖ versus ―bad cycles‖ and proposes taxonomy of business cycles according to four attributes. This working paper is the

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URL: https://mpra.ub.uni-muenchen.de/19660/2/Economic_Cycles.pdf

THE ROLE OF EDUCATION IN ECONOMIC …

The main purpose of this paper is to show the role of education in economic development and the effect of education on labour productivity, poverty, trade, technology, health, income distribution and family structure. Education provides a foundation for development, the groundwork on which much of our economic and social well being is built.

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A Comparative Study of the Major Economic Systems …

An economic system is a set of principles on which an economy can run and make decisions about the central problems it faces in the form of scarcity of resources and unlimited wants. There are following economic systems that the countries adopt in running their economies.

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Patent Policy and Economic Growth: A Survey

This survey provides a selective review of the literature on patent policy, innovation and economic growth. The patent system is a useful policy tool for stimulating innovation given its importance on technological progress and economic growth. However, the patent system is a multi-dimensional system, which features multiple patent policy instruments.

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The Role of Cooperative Societies in Economic …

economic development with a view to throwing some light on the nature and features of cooperatives, the benefits and the formation and management of cooperative societies. The paper investigates the ways in which cooperatives can act as agents towards sustainable community development. The justification of the study

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Impact of Foreign Direct Investment on Economic Growth …

Economic Growth effects of Private Capital inflow: A Structural VAR approach for Nigeria. Journal of Economics and Development, 21(1), 18-29. Uwubanmwen, A. E., & Ogiemudia, O. A. (2016, March). Foreign Direct Investment and Economic Growth: Evidence from Nigeria. International Journal of Business and Social Science, 17(3), 1-15.

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Patent Policy and Economic Growth: A Survey

This survey provides a selective review of the literature on patent policy, innovation and economic growth. The patent system is a useful policy tool for stimulating innovation given its importance on technological progress and economic growth. However, the patent system is a multi-dimensional system, which features multiple patent policy instruments.

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Sustainable Development: Economic, Social, and

The study analyzes the relationship between social, economic, and environmental sustainability in a paradigm of sustainable development. Panel analysis is carried out for nineteen Asian economies, these are divided into three sub-groups; South Asia, Southeast Asia, and Central & East Asia. Results divulge a trade-off between economic and environmental sustainability …

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The Political Economy of Development: A Critical

The saga of economic and social backwardness of Balochistan province is a multifaceted puzzle. A section of the Balochistan political elite and scholars believe that the centralist nature of Pakistani federation is such that small nationalities like the Baloch and Pashtoon would find it hard to get their due share within the federation.

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What are the Top Five Journals in Economics

Economic Literature, Journal of Finance, and Econometrica. 1.1 Existing rankings of economics journals There are three important issues pertaining to a journal ranking: The first issue concerns the number of ranked journals. A larger journal list is obviously better, but there are some limits. The selection depends either on

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Government Spending and Economic Growth: A Revisit of the

Given the continued debate surrounding the effectiveness and efficiency of government spending in Nigeria, this study adopts a modified Autoregressive Distributed Lag Model in order to investigate the impact of federal government spending on economic growth between 1961 and 2010. The main findings are that government total expenditure and recurrent expenditure have …

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Financial Inclusion and Economic growth: An International

income inequality, or economic growth. It is because a robust analysis on these issues requires a long time series data. Another possible reason which effectively limits an examination of financial inclusion to economic growth is the initiatives towards financial inclusion have recently emerged in the economic policies for many countries.

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The Economic Value of Industrial Minerals and Rocks for

of great economic value to developed and developing economies alike. Some industrial minerals are high volume and low unit value commodities. For example, the economic value of sand and gravel depends on the availability of markets, their location relative to markets, transportation costs, their physical and chemical characteristics,

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Sustainable Development: Economic, Social, and

economic growth cannot be sustained (Kates, Parris, & Leiserowitz, 2005). Sustainable development has now become the subsequent goal of all economic activities, as the former Secretary-General of the United Nations once said: “Sustainable development is the pathway to the future we want for all. It offers a

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Economic Liberalization in Nepal: Determinants, Structure

Economic liberalization in Nepal has opened foreign direct investment (FDI) with assumption of positive impact on GDP and Export trade. This study examines on the relationship between FDI and GDP and the impact of FDI determinants on FDI inflow in Nepal. We use here multiple regression models. The result indicates positive relationship between GDP and FDI.

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Economic Sociology or Economic Imperialism

The economic approach is not restricted to material goods and wants or to markets with monetary transactions, and conceptually does not distinguish between major or minor decisions or between "emotional" and other decisions. Indeed, the economic approach provides a framework applicable to all

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The Role of Research and Development in Economic Growth: …

R&D. Economic growth is the result of innovations, skilled Labour force and productivity of research. According to Engelbrecht (1997) human capital enters into production not only as a factor of production but also as the endogenous theories predicted. Therefore, human capital and R&D has diverse

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Post-Keynesian Economics

This article takes an in-depth look at post-Keynesianism as a paradigmatic al-ternative to the dominant neoclassical mainstream. It quickly becomes clear that post-Keynesianism is not a unified school of thought, but rather an assortment of theoretical approaches that share certain methodological and epistemological similarities and …

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Impact of Agricultural Production on Economic Growth in

economic growth in the long run. Key Words: Agricultural Production, Economic Growth, ARDL. JEL Classifications: Q1, O4, F43, C13 1. Introduction Sub-Saharan countries seem to have a comparative advantage when it comes to agricultural production. If agriculture stimulates economic growth, then this is an opportunity

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Impact of Exports and Imports on Economic Growth in Canada

and economic growth in Portugal over the period 1865-1998. The empirical results of the study didn’t confirm a unidirectional causality between the variables considered. There is a feedback effect between exports-output growth and import-output growth.

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COVID-19 Pandemic, International Remittances and Economic

The paper develops a methodology for impact analysis of Coronavirus 2019 (COVID-19) pandemic based on Solow’s growth theory for a migration-driven subnational economy by a case study of Kerala, India. A log-linear growth equation of output per capita is regressed on capital stock-gross domestic product ratio (CSDR) and real remittances per capita (RRPC) for the …

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Economic policy uncertainty in banking: a literature

This paper is a survey of the most important research in the economic policy uncertainty literature. Economic policy uncertainty, although still under-researched relative to mainstream topics in economics and finance, has recently received increased scholarly attention. Through synthesizing common themes in the literature, the paper highlights the progress made so far …

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Economic Integration in Africa – Overview, Progress and

State and government leaders of the African Union adopt and implement efforts for regional integration as a common strategy for the development of the continent. The objective at continental level is the establishment of the African Economic Community as the last of six consecutive stages, including the strengthening of inter-sectorial cooperation and the …

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The Impact of the Reformation on the Economic Development

The economic consequences of the Protestant Reformation are of wide ranging importance for debates concerning the emergence of economic growth in Western Europe. In general, economists and other social scientists agree that there is a strong relation between the Reformation and economic growth (Becker et al., 2016).

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Macroeconomic Shocks: Short-Run versus Long-Run …

economic system and casted great doubts on active government participation in economic affairs. Unsystematic monetary policy was only active window through which rational economic agents could be baffled in short-run (Lucas 1972). Hence, a consensus can be . 3 concocted between Keynesian and new-classical economics.

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The concept of economic thought Ibn Khaldun

economic justice and the well-being of all human beings. Nurul Huda's study (2016)6, examines the thoughts of Ibn Khaldun, by trying to understand the philosophical framework of his economic thinking. Based on the results of this study, there are two approaches underlying the economic thought of Ibn Khaldūn,

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The Relationship between Psychology and Economics

from economic theory (Pareto, Slutsky, Hicks, Allen, Samuelson) is a well-researched topic (e.g. Hands, 2010). Given the recent discussion of re-introducing psychological elements in economics mainly in the context of behavioral economics, other papers

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Financial Sector Development and Economic Growth in India

Undeniably, economic development is the process of securing higher level of productivity. But higher levels of productivity cannot be secured unless there is high rate of physical capital . 3 formation in the country (along with human capital formation). The process of physical capital

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What causes economic growth in Malaysia: exports or imports

economic growth for Malaysia in order to provide evidence whether rapid economic growth in the region is driven by trade or whether there is reciprocal impact between growth and trade. The results tend to suggest that the singular focus of past studies on exports as engine

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Effect of Population Density on the Level of Development

The world population has crossed the 7 billion mark and simultaneously much has been researched and said on the subject from the economic perspective videlicet linking population growth to economic growth. With booming population, however, one issue remains not adequately addressed which is the concentration of this population at certain geographic …

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The Relationship between Government Expenditures and

GDP generally had a negative impact on economic growth. This finding implies that an increase in the government size as measured by a share of government expenditures to GDP hampers economic growth. Barro (1990) also discovered the negative relationship between the size of government and economic growth. Miller & Russek (1997) indicated

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Mathematical Theory of Economic Growth-Journal of

choice theory as of why economic growth occurs more steadfastly in a deregulated market rather than a regulated market. 10 Government Spending 2019 Index of Economic Freedom. 11 Rent-seeking is a theory developed by Gordon Tullock, who was one of …

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Qualitative Research Methodology in Social Sciences and

Journal of Economic Development, Environment and People, Vol-7, Issue 01, 2018, pp. 23-48 2 consists of a set of interpretive material practices that makes the world visible. It is multi-method in focus, involving an interpretive, naturalistic approach to its subject matter [Denzin & …

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Singapore economy:An overview

economic infrastructure was developed, the threat of racial tension was curbed, and an independent national defence system, centering around compulsory male military service, was created. As a result of the sucessful policy of promoting industrial base and diversification,

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Factor Endowment, Structural Change, and Economic Growth

Factor Endowment, Structural Change, and Economic Growth Natasha Xingyuan Che April 2010 Abstract This paper aims (1) to test the endowment-based structural change theory proposed by recent studies such as Acemoglu & Guerrieri (2008) and Ju, Lin & Wang (2009); and (2) to explore the linkage between structural coherence and economic growth.

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The effects of government expenditure on economic growth

spending in economic growth, i.e. Wagner’s law and Keynesian hypothesis. Wagner’s law - law of the expanding state role – is a model showing that public expenditures are endogenous to economic growth and that there exist long-run tendencies for public expenditure

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The Recent Political Situation in Ethiopia and

The aim of this article is designed to provide an overview of the historical and contemporary relations between Ethiopia and Eritrea as well as to examine the recent geopolitical situation and the perception of local people in Ethiopia. This paper is mainly based on secondary data analysis of the available secondary information and news reports, online articles, academic literature, …

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Institutional Change and Economic Development in Pakistan

economic development in Pakistan as well as other countries. The purpose of this endeavor is to form guidelines for carrying out present research. Conceptualization of institutions, institutional change and their importance for economic development is not a …

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The Impact of Unemployment on Economic Growth in China

economic growth (Gross Domestic Product) has long been a pertinent question in most economies (Quy, 2016). Reducing unemployment and increasing economic growth of a country is one the essential macro-economic issues confronting most developed, developing and underdeveloped nations in contemporary times. The

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1. Economic development in Sarawak overview

rajahs’ economic development policy was a notion that “development should be a gradual process, and most importantly, the protection of native interests and the improvement of their welfare should be adhered to without compromise” (Ooi, 1997, p.19) 2. Economic development under “white rajahs”

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Economic Impact of COVID-19 On Bangladesh: Agenda for

1.2 Economic Impact Issues and Countervailing Policies for the first 3 to 12 months: 1.2.1: The most immediate issue is to prevent starvation and hunger. Both cash transfers and aid-in-kind to the affected groups will be necessary. From the poverty data we have the government claims to have identified 100 spatial sites. From the SAM-2017, we find

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Federalism and Economic Development in India

economic growth and development. After a brief review of India’s recent policy reforms and economic development outcomes, and of the country’s federal institutions, the analysis focuses on the major issues with respect to India’s federal system in terms of their developmental consequences. We examine the impacts of tax assignments,

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Education and Economic Growth: A Meta-Regression Analysis

It plays a vital role in the process of economic growth and a significant amount of research has been devoted to study the education-growth nexus. From a theoretical point of view, there is an important distinction between neo-classical and endogenous growth theories regarding the linkage between human capital and economic growth.

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Deindustrialisation and the Drain Theory: The Contours of

Given the lively debate on the consequences of British colonialism on the Indian economy in the realms of contemporary politics and academia, this paper attempts to trace the development of the economic history of India since the 18th century with a distinct focus on the drain theory of wealth and the question of deindustrialisation. It examines a diverse set of academic …

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Global Competitiveness: Challenges & Solutions for Pakistan

Source: Economic Survey 2012-13 Statistical Appendix . Since energy is a major component of cost of production and transportation, it leads to cost-push inflation spiral in the overall economy. 2.2. Security Crisis & National Disorientation

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Which Night Lights Data Should we Use in Economics, and …

economic statistics like national and regional GDP. A few subsequent studies in economics highlighted noise in DMSP data, with low explanatory power and unstable growth elasticities for long differenced economic variables (Addison and Steward, 2015), greater uncertainty in

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The Impact of Socio-Economic Factors on Life Expectancy

economic growth, social security and human capital investment. One of the main objective of welfare state is that to provide healthy environment, required food to it masses with stable macroeconomic conditions, so the study of life expectancy is very …

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BHOPAL GAS TRAGEDY A SOCIAL, ECONOMIC, LEGAL AND

BHOPAL GAS TRAGEDY – A SOCIAL, ECONOMIC, LEGAL AND ENVIRONMENTAL ANALYSIS Introduction The industrial catastrophe that occurred on the midnight of December 2, 1984 at Union Carbide India Limited pesticide plant in Bhopal, India was the worst industrial accident in the world. The official count was around 3000 deaths, but

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