Factor Of Economic Growth Research Articles

The future of the labour force: a quantitative examination of the drivers of female labor force participation and total fertility rate in developed economies

ABSTRACT Recent sluggish economic growth in developed countries has become a cause for concern regarding the long-term sustainability of the global economy. Continuous declines in the total fertility rate (TFR) constitute an essential factor in stagnant economic growth in developed countries. In this paper, we utilize fixed and random effect models to examine the relationships of TFR with putative TFR determinants in G7 countries from 1980 to 2020. Our findings support the societal response hypothesis wherein the relationship between TFR and female labour force participation rate (FLFPR) is posited to be stable and positive. Furthermore, the present study confirms a positive relationship of crude marriage rate (CMR) and market childcare availability (MktCC) with TFR. A negative relationship between the ageing population (AGE) and TFR was observed, consistent with broad concerns regarding the impending economic impacts of population ageing in developed countries.

Analysis of Factors Affecting International Trade on Economic Growth in Indonesia

International trade has become an important factor in a country's economic growth. The aim of this study is to analyze the factors that influence international trade and their affect on economic growth. In this study, identification of economic factors that influence international trade, such as exports and imports, and how these factors relate to economic growth. The method used in this study is a qualitative approach to literature study which provides an in-depth description of the phenomenon under study. The outcome of the study show that differences in the manufacture and price of goods between countries are the drivers of international trade.

Key aspects of corporate responsibility of aviation enterprises

This scientific article is devoted to the study of corporate responsibility of aviation enterprises and their impact on the general social space. The growing attention to environmental issues puts the reputation of aviation companies at risk and forces them to improve their corporate responsibility. This article proposes to analyze various aspects of corporate responsibility of aviation enterprises and considers prospects for their further development. In conditions of increased awareness of investors and financial institutions, the latter prefer more sustainable business from the point of view of financial, social and economic indicators. In this regard, the importance of intangible factors of economic growth of the enterprise, such as the development of labor potential, promotion of employment, compliance with social protection standards and human rights, implementation of environmental aspects of activity, is increasing. In such conditions, the analysis of the company's social policy, which is implemented by the mechanism of corporate social responsibility, becomes relevant. Under modern conditions of increasing global instability, enterprises are interested in increasing the level of predictability of the process of social and economic development, the institutional environment, the achievement of political and economic stability from local to global levels, the sustainable development of social and labor relations, the absence of social conflicts and economic crises, which is necessary for effective activity Therefore, the formation of a strategy of corporate social responsibility in the practice of domestic enterprises at the level of modern business entities is of great importance, which will ensure their sustainable development.

Management of the productiveness of higher education in the development of branches of the national economy

The scientific problem of the article is the need to create scientific approaches to the formation of a higher education output management model for the sectors of the national economy. The relevance of the problem is caused by absence of direct positive influence of separate results formed by higher education sphere on indicators of national economy output. The article is devoted to the formation of conceptual approaches to managing the effectiveness of higher education from the position of national economy branches output growth. The methodological basis of the study is the theories of economic growth factors, including innovation theory and models of exogenous and endogenous economic growth, human capital theory, knowledge economy theory, management theory, methodological and experimental studies confirming a significant impact of the results of university educational and scientific activities on national economy output. The results of the effects produced by higher education sphere in the implementation of national economy sectors output has been analyzed. The analysis allows to determine the directions of improving the mechanisms of higher education producibility management for national economy – changing the forms of university teachers’ scientific attestation, systems of graduates’ regional distribution, and algorithms concerning international activity of universities.

The Current Situation of Human Resources at Universities: A Study on Tan Trao University

The Communist Party of Vietnam has determined that education and training are the top national policy and decisive factors for economic growth and social development. Education development is the responsibility of the whole Party, the people, and the entire society. Teachers and educational administrators are the core force, playing a decisive role in ensuring the quality of education. The article studies the current situation and proposes solutions to develop the lecturers of Tan Trao University to improve the number and professional capacity: professional skills and practical ability to meet the requirements of the times.

Zakat Sebagai Variabel Intervening dalam Mempengaruhi Pertumbuhan Ekonomi di Indonesia

Indonesia's economic growth has fluctuated based on the size of the Gross Domestic Product (GDP). This study discusses consumption and investment factors as economic growth factors departing from the equation Y = C + I by adding zakat as an intermediary factor based on the large potential of zakat in Indonesia. This study aims to: (1) examine the effect of consumption on economic growth in Indonesia, (2) examine the effect of investment on economic growth in Indonesia, (3) examine the effect of zakat on economic growth in Indonesia, (4) examine the effect of consumption on economic growth through zakat, (5) examine the effect of investment on economic growth through zakat. The research method uses a quantitative approach, secondary research data with a saturated sample of 44 samples, namely quarterly data on economic growth, consumption, investment, and zakat distribution from quarter I-2011 to quarter IV-2021. The research results show implications for Zakat managers and the Government to be able to synergize together to optimize zakat management to be able to intervene and accelerate the rate of economic growth.
 Keywords: Consumption, Investment, Economic Growth, Zakat

Analyzing the Highway Failure & their Maintenance a Case Study

Highways provide facilitating transportation with connecting regions, and developed economic growth. The failure of highway decreases the efficiency of road. These critical infrastructure assets are crucial for ensuring their higher functionality, comfort, and life span. This abstract provides a comprehensive overview of the analysis of cause of failure and to understand the role of highways and the significance of effective maintenance practices. A good study starts by the examining the importance of highways as key elements of transportation networks, supporting the movement of people, goods, and service facilities. It highlights their contribution to economic development, regional connectivity, and accessibility. Furthermore, the paper investigates the various factors that influence the performance and lifespan of highways, including traffic density, environmental factors, and design importance. The abstract further examines the challenges and considerations associated with highway maintenance, such as funding constraints, resource allocation, and the utilization of advanced technologies. It explores the importance of data-driven decision-making processes, asset management systems, and the adoption of innovative approaches like predictive maintenance to optimize maintenance practices. By analyzing case studies and existing literature, this study identifies best practices and lessons learned from successful highway maintenance initiatives around the world. It emphasizes the importance of proactive and well- planned maintenance programs, collaboration between stakeholders, and the integration of sustainable practices to ensure the longevity and cost-effectiveness of highways. In conclusion, this abstract presents a comprehensive analysis of the role of highway failure and their maintenance. It highlights the significance of maintaining these critical transportation assets to support economic growth factor, regional connectivity, and overall societal well-being. The findings provide valuable insights for policymakers, transportation agencies, and infrastructure professionals involved in managing and maintaining highway networks. Key Words: Safety, life span, analysis, significance, performance, lifespan, traffic volume, environmental conditions, design characteristics, routine maintenance, major maintenance interventions

MEMPERCEPAT PEMULIHAN EKONOMI, MENJAGA STABILITAS NILAI TUKAR

VAR models for non-stationary time series with one or more cointegration relationships have been developed using the Vector Error Correction Model (VECM). The unique way of behaving in the VECM should be seen through the reactions of each dependent variable to shocks to these and other environmental factors. The purpose of this study is to determine the relationship between Indonesia's economic expansion and exchange rate stability. With a free-floating regime from 1980 to 2022, Indonesia's exchange rate fluctuated, affecting economic stability. Exchange rates are correlated with economic expansion in both the short and long term, according to this study. Long-term economic growth can be driven by exchange rate appreciation, but there is no causal relationship because economic growth factors go beyond exchange rate considerations

Education as an investment in the development of countries’ economies

The research topic is relevant due to the fact that the education system belongs to one of the main and important areas of sustainable development and improvement of countries. The purpose of the research topic is to reflect the role and attraction of investment in education as one of the main factors of sustainable economic growth and development, both of individual enterprises and society as a whole. The article reflects the importance and value of obtaining highquality education of the population at all levels of education. In the process of conducting research, it was revealed and noted that in order to improve the quality of education, it is necessary to attract investments in the form of investments. During the research, various methods and techniques were used, the main of which are: analysis and synthesis, deduction and induction, economic and statistical analysis, etc. The research materials of the scientific research were statistical data of the Eurasian Economic Union 2017–2021. According to the results of the research, the main ways of increasing the level of education, which has an impact on improving the quality of human capital: the formation of a single labor market in the Eurasian space, attracting investment in education, which will contribute to the growth of qualified and competitive personnel. Despite the fact that the issues of attracting investment in education as a basis for economic development are considered in the works of many academic economists, this problem is still relevant.

ІДЕНТИФІКАЦІЯ ДЕТЕРМІНАНТІВ ЕФЕКТИВНОСТІ ДИФУЗІЇ ІННОВАЦІЙ СОЦІАЛЬНО-ЕКОНОМІЧНИХ СИСТЕМ

In the conditions of global economic transformation, the development of socio-economic systems is possible only through the implementation of innovative national, regional and corporate strategies. The evolution of technology and science is changing the socio-economic environment, innovations are becoming a key factor in economic growth and competitiveness of countries and organizations. But, despite the great potential of innovations, their effective implementation does not always take place. Under such conditions, the topic of this study becomes especially relevant. The purpose of the article is to identify the determinants of the effective diffusion of innovations in socio-economic systems and its evaluation. The object of the research the process of effective diffusion of innovations in socio-economic systems. Methods used in the study: methods of scientific knowledge, namely analysis and synthesis, induction, measurement, observation, formalization, logical-analytical techniques. The main hypothesis of the study is the assumption that the effective diffusion of innovations in socio-economic systems depends on a set of factors, the management of which allows identifying problem areas and improving the mechanisms for solving them. Presenting main material. The study, based on the theory of innovation diffusion, identified the key determinants of the efficiency infiltration of innovation in socio-economic systems. It is appropriate to include: technical features of innovations, cultural and ethical differences between different groups of consumers, availability of financial resources for the implementation of innovations, effectiveness of communication mechanisms and interaction networks between participants of the socio-economic system, degree of involvement and support of participants, level of education and information literacy of the population, cultural, social and political aspects, etc. The world experience in methods of assessing the effectiveness of national innovative activity, on the basis of which international indexes and ratings are determined, including Global Innovation Index, European Innovation Development Scoreboard, Bloomberg Innovation Index, Global Competitiveness Index, etc., is analyzed. It has found that international indexes and ratings have a number of shortcomings that do not allow to correctly assess the effectiveness of the implementation of the results of innovative activities and to identify the main problematic aspects that prevent the diffusion of innovations in socio-economic systems. The originality and practical significance of the research lies in the fact that the identified determinants of the efficiency of innovation diffusion of socio-economic systems can be used to identify problematic aspects and increase the level of innovative development of countries. Conclusions and prospects for further research: the determinants of the effectiveness of the diffusion of innovations in socio-economic systems are determined. The study of their interaction and their management can increase the effectiveness of the diffusion of innovations at the macroeconomic level. It has been established that the indicator systems used to evaluate the effectiveness of innovative activities of socio-economic systems at the macroeconomic level characterize various aspects of national innovative development, reflecting not only the results of innovative activities, but also available innovative resources. However, there is still no clear idea of the composition of the system of indicators for evaluating the effectiveness of the diffusion of innovations and their number. In order to eliminate subjectivity in further research, it is advisable to use mathematical methods of forming such system of evaluation indicators.

Китай в глобальной горной промышленности

As the second largest economy in the world, China plays an important role in the global mineral resources sector. China's mineral resources are vast and different, and the country is now the world's leading producer of a number of important metals and minerals. Mining has been key factor in China's economic growth and has contributed to the country's rapid development over the past three decades. The industry has played an important role in the country's industrialization process, providing raw materials for the growing demand for resources. China has actively pursued overseas projects with government support, encouraging companies to expand their operations abroad. China is now playing an increasingly important role in the global mining industry, investing in mineral deposits in many countries around the world. With more and more international mergers and acquisitions, Chinese companies have begun to apply Western technologies and management to their domestic and overseas exploration and mining projects more consistently. China’s industrial sector accounts for about 40% of the gross domestic product, which is significantly higher than the percentage for other major economies in the world. The large and growing industrial base is helping keep downstream demand strong and supporting the mineral industry’s move to expand. It also contributes to increased foreign capital investment, exports, and employment, all of which are the key factors in socioeconomic development. In other words, the mineral industry primary purpose is to offer energy resources, metallic materials, and non-metallic minerals for the development of other industries, and extensive and multi-level direct and indirect links with other industries in the country. China's mining industry has also become a crucial factor in the development of the global economy, as using innovative technologies the country effectively mines minerals such as tantalum, niobium, lithium, rare earth elements, scandium, germanium, gallium, indium, rhenium, tellurium and arsenic, which are scarce in the USA, Europe and other Western countries.

THE DETERMINANTS OF UNEMPLOYMENT REVISITED – EMPIRICAL EVIDENCE ON OECD

Unemployment is a serious economic problem that has repercussions for people, families, and entire civilizations. It is a dynamic phenomenon with immediate and long-term implications for individuals and society. As a result, understanding unemployment and its causes is critical for politicians, economists, and academics seeking to create effective measures to alleviate its harmful consequences. It is critical to acknowledge the complexities of unemployment to establish successful policies and programs that address its core causes. The goal of this research paper is to conduct a quantitative analysis of the main determinants of unemployment in The Organization for Economic Cooperation and Development, considering demographic, governmental, economic growth, and cultural factors, as well as the period of Financial and Economic Crisis (2008-2009), to determine their impact and the evolution of unemployment, which countries have the most promising results, and who are the outliers. As a result, during a 26-year period, pooled OLS, FEM, and REM methods have been applied to a panel database. Additionally, member states are clustered based on the factors of interest and subsampled depending on the year of joining the OECD. A comparative case study regarding the differences between European Union’s and OECD’s unemployment situation is presented as well. Previous research, on the other hand, has frequently concentrated on individual criteria, such as education level or job experience, without considering the larger economic, social, and political issues that might impact unemployment rates. Therefore, findings in this study are novel when compared to the previous literature in the subject, and they bring a new dimension to our knowledge of the unemployment phenomenon.

Innovation and innovative enterprises comparative study: Romania and the Republic of Moldova

Innovation is a determining factor of economic growth, it manifests itself in product, process, and business-wide innovation. In this study we aimed to analyze innovative companies from the Republic of Moldova and Romania, to observe their evolution over time, to analyze comparatively in which fields and areas of activity are innovative, significant results, at the same time to research the size and potential of innovative companies. Innovations are based on the results of technological developments, new combinations of existing technologies or the use of other knowledge required by the enterprise. Therefore, we will analyze the types of innovations and the evolution of innovative enterprses for a certain period.

The Importance of Higher Education on Economic Growth

"It is very important for countries to stimulate their economic prosperity and reduce poverty. While it is commonly accepted that education of all forms enhances economic performance of a country, yet the question of which level of education, secondary or tertiary, is more important to fuel the economy is not conclusively answered. The finding in Avraham Cohen’s PhD thesis is that education, as measured by published research, is strongly associated with Artificial Intelligence index of countries. Also, he found that AI is strongly associated with GDP. His findings encourage the idea that higher education, which is needed for Artificial Intelligence (AI), will be a dominant factor for economic growth in general; hereby, policy makers should invest in higher education to ensure economic affluence. Enrollment rates for higher education in Sub-Saharan Africa are by far the lowest in the world and the academic research output in the region is among the world’s lowest. Because of a belief that primary and secondary schooling are more important than tertiary education for poverty reduction, the international development community has encouraged African governments’ relative neglect of higher education. Using methodology of fuzzy logic-based soft regression, this study challenges these beliefs and demonstrates that economic growth is almost exclusively determined by higher education. Also, the importance of higher education relative to secondary education is more so in recent years relative to a decade or two ago. Motivated by this finding, I propose to find the right branch of higher education for every country based on its economic competitive advantage that will impact its economic growth best. Keywords: Education, Economic Growth, Artificial Intelligence, fuzzy logic, soft regression"

Intangible capital and financial leverage in SMEs

PurposeIntangible capital (IC) is an important factor for economic growth and firm performance. The role IC has played has become even more crucial in recent decades, possibly influencing debt capacity and default risk assessment. This paper studies how entrepreneurial and employee-based IC affects financial leverage.Design/methodology/approachEmployer–employee unbalanced panel data provided by Statistics Finland that refer to Finnish small and medium-sized enterprises (SMEs) are used. Intangibles are measured with an expenditure-based method. Employee-based IC and entrepreneurial knowledge are used to explain debt financing in SMEs.FindingsThe findings imply that IC-intensive firms have less debt capacity due to weak pledgeability and asymmetric information between borrower and lender. Entrepreneurs with managerial or financial knowledge increase the firm's debt capacity compared to other entrepreneurs, especially in knowledge-intensive services (KIS). One explanation is that the entrepreneurs are more competent in negotiating with lenders as the entrepreneurs possess better financial skills. Entrepreneurs with technical knowledge decrease the firm's debt capacity in all industries.Originality/valueWhile some earlier research focused on the IC–financial leverage relationship, hardly any study has looked at entrepreneurial IC. This paper provides new insights by including entrepreneurial IC alongside employee-based IC.

CHALLENGES FOR RIAU PROVINCE TOWARDS ASYMMETRIC DECENTRALIZATION

Riau Province is one of the areas rich in oil and other agricultural products. Therefore, Riau deserves to demand asymmetric decentralization as other places that have granted this decentralization right. The purpose of this paper is to explore the potential or things that are considered appropriate to be used as reasons why Riau Province has the right to be made special autonomy or asymmetric decentralization because specific areas that are rich in natural resources. This study uses a qualitative approach using a theory-based system where theory functions as a framework for understanding problems critically. The data collection tool used is the document method that the author collects. From the results of the study, it can be concluded that if viewed from the theory of UGM PLOD Research, Riau deserves asymmetric decentralization when viewed from historical and conflict factors, social and cultural factors, potential and economic growth factors, accelerated development factors, and government capacity. This was due to the joining of Siak Indrapura's work through Sultan Syarif Kasim II to the State of Indonesia and the abundant wealth of Riau. Meanwhile, the factors that do not support the above theory are geographical factors due to the separation of the Riau Islands from Riau itself. To support asymmetrical decentralization, quality resources from the people of Riau are needed so that the mentality of corruption can be removed. In addition, of course, the ability of the Riau people's representatives at the center to lobby the government so that asymmetric decentralization can be realized.

Emerging pathways to sustainable economic development: An interdisciplinary exploration of resource efficiency, technological innovation, and ecosystem resilience in resource-rich regions

Innovation has always been a key factor in economic growth. But with the increasing pressure on natural resources, it has become even more crucial to understand the relationship between innovation, resources, and economic development. Technology has also played a significant role in helping to achieve sustainability. By utilizing the right strategies and investing in innovative technologies, businesses and governments can promote sustainable economic progress while decreasing their influence on the environment. This work explores the nexus among resource consumption, technological innovations, sustainability, and economic development and how this relationship has evolved from a traditional resource-poor region to a more resource-rich one. A correlation heat map showed the highest association between GDP growth (GDPG) and research and development expenditure (RDE) (−0.47). Support vector Regression with radial basis function (SVR-RBF) was applied to see the impact of contributing parameters that influence GDPG. For GDPG, the model generated R = 0.88 and R2 = 0.78 (RMSE = 1.16). The results of the SVR showed that the strongest coefficient in the SVR model is self-employed, total (SE), followed by electricity production from the nuclear resource (EPNR). This study could have several contributions. Firstly, the study’s focus on sustainable economic development provides insights into how resource-rich regions can balance economic growth with environmental conservation. This information could be valuable to policymakers, businesses, and other stakeholders interested in creating sustainable economic growth strategies. Secondly, the study’s interdisciplinary approach could help bridge the gap between different fields of study, leading to more holistic and effective solutions to environmental and economic challenges. This interdisciplinary approach could also help build stronger partnerships between academia, industry, and government. Finally, the study’s exploration of resource efficiency, technological innovation, and ecosystem resilience could provide useful information for China, a resource-rich country undergoing rapid economic growth. China faces numerous environmental and economic challenges, and the study’s findings could help inform policies and strategies to address these challenges.

The US-China Trade War in Macroeconomic Studies of the Indonesian Sharia Stock Index

A number of studies have been the witness of pros and cons about whether the US-China trade war affected the world’s macroeconomics. This study aims to analyze the effect of macroeconomic variables on the Indonesian Sharia Stock Index (ISSI) during the trade war period between the United States and China. The research’s assumption is delved from the occurrence of a trade war between two countries with the largest economic valuations in the world can disrupt the world economy including investment. The urgency of this research is to measure the impact of the trade war on the Indonesian sharia stock index which is one of the factors of economic growth. The analytical method used in this study is the Vector Error Correction Model (VECM) to examine the long-term and short-term impacts. The results of this study indicate that in the short term the BI Rate, FED Rate, USD Exchange Rate, CNY Exchange Rate, World Gold Price, World Oil Price, Exports, and Imports have no effect on the Indonesian Sharia Stock Index (ISSI). The long-term results show that the BI Rate, CNY Rate, World Gold Price, World Oil Price, and Imports have a negative effect on the Indonesian Sharia Stock Index (ISSI), while the FED Rate, USD Rate, and Exports have a positive effect on the Indonesian Sharia Stock Index (ISSI). Based on these results the government is expected to tighten fiscal and monetary policies so that in the future if something similar happens, the Indonesian Sharia Stock Index (ISSI) remains on the right track.

Strategi Pengembangan UMKM Melalui Legalitas Usaha Dan Sosial Media Di Banjarbendo Sidoarjo

Micro, small and medium enterprises (MSMEs) as a factor of economic growth are strategically positioned to accelerate structural changes to improve the standard of living of society in general. MSME's role is to expand the supply of employment and become a resource for sustainable economic growth and equity in increasing income. The research object for the Banana Nuna Banana Chips industry is located in Banjarbendo Village, Sidoarjo District, Sidoarjo Regency. The method used is in the form of marketing assistance using social media in the form of Instagram and whatsapp business. Primary data sources were obtained in the form of interviews, observation and documentation, as well as secondary data from books and journals were also used to support this assistance. Based on the research results, information was obtained that the factors inhibiting the development of the banana nuna banana chip industry were media for promotion, marketing and capital. With this assistance, the MSME development strategy will be known. The business development strategy includes external factors, namely economic, social and environmental. Apart from that, strategy includes internal factors such as management, marketing, finance, and product.

Examining contributors to Vietnamese high school students’ digital creativity under the serendipity-mindsponge-3D knowledge management framework

Since the digital environment is a part of human society and the global economy is transitioning from a knowledge-based to a creative economy, digital creativity is now considered a crucial factor for economic growth and personal success. The current study explores factors contributing to digital creativity cultivation among Vietnamese high-school students through the lens of the Serendipity-Mindsponge-3D (SM3D) knowledge management framework. Employing Bayesian Mindsponge Framework (BMF) analytics on UNESCO's dataset of 1061 observations, we found that digital capability and digital openness have positive impacts on the improvement of digital creativity among high-school students. Students’ autonomous learning is also associated with digital creativity, but the effect is moderated by parents’ and teachers’ encouragement. Specifically, for students frequently receiving parents’ and teachers’ encouragement to learn and explore on the Internet, their self-learning is associated with higher digital creativity. For those with no or limited parents’ and teachers’ encouragement, self-learning is associated with lower digital creativity. Based on these findings, we suggest that digital creativity can be cultivated by enhancing their capability of using digital devices, openness to new information sources on the Internet platform, and autonomous learning with encouragement from family and school.