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So, the temptation is there to simply rush through it, and hope that your teacher is exhausted once she gets to your paper and doesn't bother to read it fully. Prentice Hall. Prevent climate change mitigation and adaptation policies from becoming a new source of conflict through, for instance, addressing stove piping of climate change policies. The main objective of the study will be to analyze the impact of government expenditures as a total and its components on the Palestinian economic growth. In Asia, capital, agriculture, and education expenditure promotes economic growth. ‘The Effect of Education on Economic Growth in Jordan: An Econometric Study (1976 ‘ 2007) “The Modified Version”. The Scope and Limitations of the Study: This study will be analyzing the impact of government expenditures as a total and its components on the economic growth in Palestine (1996-2012). ‘Effects of Public Expenditure on Economic Growth in Nigeria: A Disaggregated Time Series Analysis’. Contributed Paper prepared for presentation at the International Association of Agricultural Economists Conference, Beijing, China, August 16-22. Macmillan. Model 1: GDP= f(L, K, T, G) Where: L: labor. The most vulnerable countries in the Conflict Vulnerability Layer (Layer One) are located in the MENA region. EssaySauce.com is a free resource for students, providing thousands of example essays to help them complete their college and university coursework. When considering Layer Four in respect to these vulnerability layers, some countries might have greater economic capacity to deal with high vulnerability levels than others. This is mostly attributed to their high credit rating, which may help in framing the attractiveness of investing in renewable energy, and a high GDP Per Capita. Download conclusion of socio economic issues document. For the business sector, use of the monitor could potentially help to assess investment risks in countries under consideration and provide businesses with a further holistic understanding of what factors need to be incorporated in future implementation plans. The Palestinian don’t have their own currency, instead they are forced to use the Israeli currency (shekel). Essay Sauce is the free student essay website for college and university students. ‘The Economic Costs of the Israeli Occupation for the Occupied Palestinian Territory’. For business professionals, this provides a contextual understanding of the country in which they may wish to invest. A bulletin published by the Palestinian Ministry of National Economy in Cooperation with the Applied Research Institute- Jerusalem (ARIJ). Therefore, it can be said that Palestine, as an occupied small country, has a very fragile and sensitive political, economical and social situation due to the Israeli occupation. o What effect does each component has on GDP for the period? Institute Of Empirical Economic Research. ‘Public expenditure was born out of revenue allocation which refers to the redistribution of fiscal capacity between the various levels of government or the disposition of responsibilities between tiers of the government’ (Okoro, 2013). In competitive markets, workers earn a wage equal to the value of their marginal contribution to the production of goods and services. The countries within this category are: Sudan, Pakistan, Afghanistan, Somalia and Yemen. This study will be designed to highlight one of the fiscal policies’ instruments and how it can be used in managing the Palestinian resources and maintaining the stability of the Palestinian economy. Find your group chat here >> start new discussion reply. Chapter two will outline the theoretical background and a literature review of previous studies that have the same problem of this study. o What is the impact of capital, which will be estimated using the Incremental Capital Output Ratio (ICOR) approach on GDP for the period? 29, No. Besides, it also contains several characteristic, example and diagram in monopoly market. If you don't see any interesting for you, use our search form on bottom ↓ . (2012). It includes a country’s dependency on fossil fuels, fossil fuel resource rents of the countries, the proportion of electricity produced from oil sources, and the degree of renewable energy consumption. o Estimating an econometric model where GDP is a function of labor, capital, technology and total government expenditures. Pearson Education Limited 2005. o Identifying the components of the government expenditures for the period. Facebook. 5. (2013). reddit. According to McConnel, Brue and Flynn (2009) economic growth is ‘an outward shift in the production possibilities curve that results from an increase in resource supplies or quality or an improvement in technology’ or it’s ‘an increase in real GDP or in real GDP per capita over some period of time’. Osnabrueck University. o Comparing the effect of labor force, capital, technology and components of government expenditures on GDP for the period. There have been several schools of thoughts regarding the impact of government expenditure on the economic growth. Besides taxes as an instrument of fiscal policy, governments might use their expenditures, as another instrument, to achieve economic growth. After that, GDP started recovering and continued to increase (2008-2012) and reached the maximum in 2012 with US$6,797.3 million and 6% growth (Palestinian Central Bureau of Statistics, 2013). Facebook. In conclusion, Managerial economics plays a significant role in business organizations. The Journal of Applied Business Research, Vol. An example of this can be seen in the following categorization of countries. These countries appear mostly due to their high scores in Layer One, due to the presence of conflict and due to their reliance on fossil fuels. Bader, M. (2012). (2009). o What is the impact of technology on GDP for the period? One must have a clear understanding of economics in order to fully understand the issues that are plaguing the world today. Dynamic GMM model and a panel data set for 44 developing countries, Dickey-Fuller unit root test and Levin-Lin-Chu (2002), Im-Pesaran-Shin (2003) and Hadri Lagrange Multiplier (2000) panel unit root tests were also conducted. Key Takeaways Progress in Development Studies, pp. ‘Accumulation of capital and technological advances are two of the most important sources of economic growth’ (Case, Oster and Fair, 2012). Shodh Anusandhan Samachar, Vol. Finally, the estimated models will be discussed and tested economically and statistically in order to highlight the impact of government expenditures along with its components on economic growth. ‘Government Expenditure and Growth in Developing Countries’. Chapter five will give the final conclusions of the study and the recommendations that will be addressed to the competent authorities. In addition, this study will benefit the Ministry of National Economy in choosing the projects that should be given licenses, in particular, the ones that enhance the economy growth the most. IV, Issue-1, PP.10-21. Attention is paid to measures intended to increase resilience to climate change induced stress at a state and economic (private) level. For example, Mohammadi, Maleki and Gashti (2012) analyzed the effect of governmental expenditure composition on the Economic development of economic cooperation organization countries ECO: Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Turkey annually for (1995-2009). Chapter one will contain seven sections: the introduction, the problem, the objectives, the importance, the scope and limitations, the methodology and finally the contents of the study. Grundlegung der Politischen Okonomie. economic principles and concepts to dea1 with various uncertainties faced by a business firm. o Analyzing the effect of each component on the overall government expenditures and GDP for the period. Global Journal of Management and Business Research Economics and Commerce, Vol. Chapter three will be a detailed descriptive analysis of the data on the variables of interest focusing on the allocation of the government expenditures. However, despite displaying clear terms on our sites, sometimes users scan work that is not their own and this can result in content being uploaded that should not have been. As in Altaf, N., Khan, S. (2013). This study will be directly addressed to the Palestinian policy makers, mainly the Ministry of Finance. The Climate Change Vulnerability (Layer Two) of a country includes the degree to which a country’s environment is exposed to the harms of climate change by factoring in environmental, hydrological, geographic and topographic (land surface) concerns. The purpose of this categorization is to assist policymakers in guiding their respective policies. NWexp: non-wages expenditures. Conclusion On Economics. 77’82. Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on … 3 . The Economic Resilience Layer (Layer Four). CONCLUSION Economics Assignment Help. Wintersche Verlagshandlung. Announcements Applying to uni? o What are the components of the government expenditures? - say what the significance of your answer is either in the 'real' world or to the discipline of economics. The early nineteenth century in the United States saw the rapid rise in industry, which had profound economic and social effects. In addition, monopoly also is a situation in which a single organization or group owns all or nearly all of the market for a given type of product or service. Earnings and Discrimination. A good economics essay requires a clear argument that is well-supported by appropriately referenced evidence. Since there is a direct relationship between GDP and unemployment rate, this fiscal policy instrument will be very helpful for Ministry of Labor in preparing its annual strategies in decreasing the unemployment rates. Need writing economics essays? Moreover, other tests will be performed such as White test of heteroscedasticity, Ramsey RESET test, Durbin-Watson test of autocorrelation. ‘Does Composition of Government Spending Matter to Economic Growth’? Much attention should be paid to the Palestinian economy, in particular to the governmental policies used in order to analyze the reasons and effects of such a fragile economy on the other aspects of life. o What is the impact of the overall government expenditures on the GDP for the period? You can view our. 2. European Journal of Business and Management, Vol 4, No.19. But other important aspects of economics like national income and employment, banking system, taxation system, etc., had been ignored by Robbins. In fact, it reached its minimum in 2002 with US$3,301.4 million with a rate of -13% growth. For policy makers, this might entail taking action to address the main vulnerability factors identified in both highly- and less-vulnerable countries alike. ‘Re-examining Government Revenues, Government Spending and Economic Growth in GCC Countries’. One of the main approaches for calculating GDP is the expenditure approach which equals ‘the sum of consumption expenditure, investment, government spending on goods and services and net exports’ (Parkin, Powell and Matthews, 2005). Policy has to address the driving factors of the different layers of risk in the monitor. This chapter opens with a review and synthesis of our conclusions on the expected effects of a decline in the population … These four types will form the independent variables of the second model. Accessed on November 10, 2013 from: http://www.ijmsbr.com/Volume 1,Issue 7 (6) Andy.pdf, Hamdi, H., Sbia, R. (2013). They focused on three types of government expenditures: health expenditure, education and defense. This study will be consisting of two models. For these countries, conflict is the overriding risk factor. Developing resilience towards conflicts and to climate change is a multi-layered and multi-faceted challenge. Accessed on November 29, 2013 from: http://ageconsearch.umn.edu/bitstream/51684/2/IAAE%20government%20spending.pdf. Accessed on December 20, 2013 from: http://www.iew.uni-osnabrueck.de/WP_91.pdf, Yu, B., Fan, S., Saurkar, A. ‘Effects of Public Expenditure on Economic Growth in Nigeria: A Disaggregated Time Series Analysis’. This fluctuating behavior continued where GDP started to improve in the following two years (2004-2005) where it reached US$4,559.5 million in 2005 with 9% growth. Conclusion: An Industrializing Economy. It is possible that new data, indicators and/or different methodological techniques could be needed to better capture the layers presented in the monitor. Finally, it will arrive at the main recommendations for policy makers and business sector, and outline what research directions are further considered for the future. Theoretical Background and Literature Review: One of the definitions of economic growth is ‘the increase in the total output of an economy that happens as a result of a society acquiring new resources or learning to produce more using the existing ones’. The indicators were operationalized to give a holistic understanding of the complexity of the economics of planetary security. EssaySauce.com is a completely free resource for students. The Principles of Political Economy and Taxation, Third Edition, John Murray, Albemarle Street, London. Results showed that the share of gross physical capital formation in the GDP is not significant, developing countries in which the government continues to increase per capita spending for health care and education relative to income are expected to grow faster and that the growth of the share of total health expenditure in the GDP also influences per capita GDP growth of countries included in this study. European Macroeconomics. ‘Impact of Government Expenditure on Economic Growth in Assam: An Econometric Study. It will have an important limitation, which will be the shortness of the time series that will be taken in analyzing the impact of the government expenditures on the GDP. Although conclusions are written after all of the key knowledge, understanding, application, analysis and evaluation has been demonstrated, they allow you to show the examiner just how well you have answered the question. Government spending (expenditure), which will be the main focus of the study, is the acquisition of goods and services either for current use, to directly satisfy individual or collective needs of the members or for future benefits such as infrastructure investment. Table of Content Table of Content 1 TASK 1 2 a) Explanation on economics system attempt to allocate resources effectively. These countries possess a strong economical basis with which they can develop policies that address both climate change resilience and development schemes. Flexible citizenship the economics of conclusion essay cultural anthropologist daniel miller presents thirty portraits of individuals racial identication might be possible to carry out a matter-of-fact tone rather than by name, you request a meeting, be prepared a lot more than multiculturalism. Since part of the taxes are under the control of the Israeli authorities in certain circumstances and up to certain levels, the recommendations that will come out of this study will be more effective in the case of government expenditures rather than taxes. Significance of Business Economics : The significance of business economics can be discussed as under : 1. Business economic is concerned with those aspects of traditional economics which are relevant for business decision making in real life. LinkedIn. 1, Issue 7. reddit. bound with an audacious hope that the subject under scrutiny is a rational entity which seeks to improve its overall well-being The World Development Indicators (World Bank, 2006) were used for exchange rates. T: technology. 15 TASK 2 17 … The interlinkages between these variables mean that these layers can be considered as isolated components within the planetary security framework, but when taken together, they give a consolidated view of the economics of planetary security. o Observing how GDP, labor, capital, and government expenditures change over (1996-2012). What Is Economic System 4361 Words | 18 Pages. Overview. Accessed on November 14, 2013 from: http://www.shodhanusandhann.com/WebGallery/201365246_NISHAD%20ALTAF%20ECONOMICS%20PAPER.pdf, Wagner, A. In Africa, government spending in human capital was particularly strong in promoting economic growth. How to Write a Good Economics Essay. Twitter. 1. Having had the good fortune to be responsible for writing the White Paper for two consecutive years, I would like to take this opportunity to provide some explanatory notes. The countries within this category are: China, Mexico and Thailand. These countries are characterized by high conflict vulnerability, high environmental stress and low economic resilience, and are also usually affected by war. Many economic institutions have been tried, and will be tried in this world of sin and woe. The real per capita of GDP in period t was the dependent variable where real per capita of GDP in period t-1, government expenditure on health to GDP ratio in period t, government expenditure on education to GDP ratio in period t, government expenditure on defense to GDP ratio in period t, the investment in period t, total of Population growth rate, technological growth and the depreciation rate in period t and other financial variables as a share of GDP in period t formed the independent variables. Least square multiple regression analysis and t-test were used to estimate the specified model. These countries are heavily invested in carbon and non-renewable energy, with the export of fossil fuels often a key ingredient in maintaining their levels of economic prosperity. However, it started to decrease back in 2006-2007 to reach US$4,554.1 million with growth rate of 5% only. The dependent variable in this study was per capita GDP growth while the growth of per capita public health expenditure in the GDP, growth of per capita public spending on education in the GDP, population growth, growth of the share of total health expenditure in the GDP and the share of gross capital formation in the GDP formed the independent variables. ANTIMICROBIAL ACTIVITY OF SILVER NANOPARTICLES BASED ON THEIR SHAPES, A Clockwork Orange (Burgess) and The Butcher Boy (McCabe), Impact of racial stereotypes/racism on, self-esteem amongst African-American students regarding standardized testing. Data for all variables were obtained from the World Development Indicators (2008 and 2010). These may be difficult questions to answer within the standard framework of neoclassical economics. It was affected by different social and political situations. Optimally, policymakers in these countries should prioritize establishing a good benchmark for transitioning into a low carbon economy without having long term damaging effects by expanding the degree of economic diversity domestically. This study will consist of five chapters. Moreover, the specific goals to be achieved are: o Estimating capital using the ICOR approach for the period. The classical school viewed that countries with higher government expenditure would experience lower economic growth (Ricardo, 1821). EssaySauce.com has thousands of great essay examples for students to use as inspiration when writing their own essays. Before people didn’t really realize that they could run out of resources at some point, they thought it would be here indefinitely, and we have re… Monetary policies are not an option in the case of Palestine since it’s an occupied country and has no full control over the currency. Moreover, Economists of Endogenous Growth Theory such as Barro (1990) suggested that government expenditure induces economic growth. The data available in the Palestinian Ministries and the Palestinian Central Bureau of Statistics (PCBS) start mostly from 1996. Lecture Notes in Economics and Mathematical Systems, vol 188. It's probably the night before your paper is due and you just want to be done. K: capital. As in Modebe, N., Okafor, R., Onwumere, J., Ibe, G. (2012). S103-S125. o Suggesting some recommendations and address them to the competent authorities to inhance the palestinain economy through this instrument (government expenditures). And the impression you create in your conclusion will shape the impression that stays with your readers after they've finished the essay. Conclusion Summarise your argument again - as you did in the intro (different words though!) Summarize the effects industrialization had on American society and markets. Total government expenditures and its composition were collected from the International Monetary Fund’s Government Finance Statistics (GFS) Yearbook sectors. Analyze impacts of economics on planetary security in an integrated way by looking at economic vulnerabilities and resilience factors alike and by integrating analysis of economic with non-economic conflict factors. This chapter will first draw conclusions on the monitor itself, then on the uses of the monitor. These three categories indicate, in general terms, what steps can best be taken when creating policy, and how these countries should be dealt with by the international community. So much is at stake in writing a conclusion. The Importance of the Study: Since the Palestinian economy is directly connected to the Israeli economy, this limits the Palestinian policy makers’ options in setting up the policies needed to enhance the Palestinian economy. Moreover, Dao (2012) using cross sectional data, analyzed the impact of the growth of the share of various government expenditure programs in the GDP on economic growth in 28 developing countries (Argentina, Armenia, Azerbaijan, Belarus, Brazil, Bulgaria, Colombia, Cyprus, Czech Republic, Egypt Arab Republic, Hungary, India, Iran, Israel, Kazakhstan, Kyrgyz Republic, Lithuania, Madagascar, Moldova, Poland, Portugal, Russian Federation, Slovak Republic, Slovenia, South Africa, Tajikistan, Thailand and Ukraine) for 3 years (2008-2010). Economic growth, which reflects the overall performance of a country, is one of the most important macroeconomic goals that a country seeks to achieve and maintain. Please note that the above text is only a preview of this essay. This study will help the policy makers in the Ministry of Finance to take into their consideration the effect of the government expenditures on the economic growth when they formulate and create the Palestinian Authority budget. Think about it; you're really tired at this point. Chapter four will be analyzing the data statistically. ‘Government Spending and Economic growth in Nigeria (1980-2011)’. What follows is a list of key recommendations that are based on the data both used and yielded by our monitor, as well as the qualitative considerations outlined within this report. No one pretends that capitalist institutions are perfect. Business professionals, in this regard, could supplement governments by consulting on how best to achieve such goals. As in Kuckuck, J. o Analyzing the impact of the overall government expenditures on the GDP for the period. Accessed on December 20, 2013 from: http://www.econ.cmu.ac.th/teacher/nisit/files/Principles%20of%20Macroeconomics.pdf, Dao, M. (2012). Economics and Finance Review, Vol. The brightest students know that the best way to learn is by example! Results showed that the various types of government spending have different impact on economic growth. Available from: [Accessed 10-12-20]. Accessed on December 2, 2013 from: http://pdj.sagepub.com/content/12/1/77.full.pdf, Desmond, N., Titus, O., Timothy, O., Odiche, N. (2012). o How do government expenditures change over the period? Research your topic thoroughly and then carefully plan out your essay. This proved difficult as data on private organisations on a country level was difficult to find. Such findings may potentially force policymakers to adjust their priorities with regard to what needs to be addressed first if planned climate change-related policies are to be effective. Conclusion and Caveats ///// Download Caveats and Conclusions .doc file , including source citations. CONCLUSION. When looking at potential effects of low-carbon policies, Botswana, Iran and Yemen are found to be most vulnerable and at risk of unsuccessful transition. In addition, this will help the individuals as being part of the labor force to determine how and where to invest their money so as to help in achieving better GDP growth. ‘Testing Wagners’s Law at Different Stages of Economic Development: A Historical Analysis of Five Western European Countries’. Twitter. Government expenditures and its components, as an example of such policies, will be studied and analyzed through this study to give an indication of how effective the Palestinian policy makers’ strategies in managing and controlling the Palestinian economy and resources. To what extent is the narration in Lolita more concerned with the aesthetics of writing rather than plot? Wagner (1893) argued that there is a positive correlation between economic growth and government activity in the long run (Wagner’s law or the law of increasing state spending). The following countries appear most vulnerable or at risk to conflict: Yemen, Pakistan, Sudan, Libya and Mexico. Business professionals could audit such a process using our monitor in order to see the long term effects of changing development implementation schemes. The results showed that the health expenditure has significant and negative effect on growth, educational expenditure has significant and positive effect and the governmental defense expenditure has significant and positive effect on the economic development of ECO countries. Model2: GDP= f(L, K, T, Wexp, NWexp, NL, Dexp) L: labor. Phillips-Perron unit root test for stationarity and 2010 ) question So What was 18th-century. Lower economic growth, workers earn a wage equal to the discipline of economics think about ;... 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