{"title":"Impact of inflation on economic growth in Pakistan","authors":"Ijaz Uddin","doi":"10.46224/ECOC.2021.2.4","DOIUrl":"https://doi.org/10.46224/ECOC.2021.2.4","url":null,"abstract":"Introduction. High and sustained economic growth with low inflation is the central objective of the macroeconomic policy makers. Therefore, inflation has been one of the most researched topics in macroeconomics for the last many years because it has serious implications for GDP growth. The main aim of this empirical study to examined the relationship b/w (GDP) Gross Domestic Product Growth and inflation in Pakistan by using time series data from 1990 to 2015. Methodology. This study apply (ADF) Augmented dickey fuller test for stationary, and then, Engel Granger Co-integration test, for short run and long run association. Results. There is a strong positive and significance relationship between GDP growth and inflation in Pakistan. Which indicate that is a 1unit increase an inflation rate will caused by GDP increased by 0.27 unit.","PeriodicalId":120538,"journal":{"name":"Economic Consultant","volume":"485 3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132937663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Agro-food clusters in the Republic of Kazakhstan: assessment and prospects of development","authors":"O. Vasilyeva","doi":"10.46224/ECOC.2021.2.2","DOIUrl":"https://doi.org/10.46224/ECOC.2021.2.2","url":null,"abstract":"Introduction. The relevance of the study is related to the fact that the formation of national clusters is one of the most essential tools to promote innovation and industrial development of the state economy. The objective of the article is to consider the peculiarities of the formation of cluster policy in the Republic of Kazakhstan and assess its development. Materials and methods. Statistical data from the official website of the Committee on Statistics of the Republic of Kazakhstan, as well as scientific papers on the economic development of Kazakhstan and the EAEU countries, were used. Results. The grain processing cluster of Kazakhstan is the basis of the agro-food cluster. In terms of grain production, Kazakhstan ranks third in the CIS after Russia and Ukraine. Wheat exports are one of the primary sources of foreign exchange earnings in the country’s economy. The market share of Kazakhstan for most products in relation to the EAEU is from 5 to 15%. The highest shares are observed in the production/consumption of vegetables and gourd (22.48%), grain (14.34%), and milk (11.92%). The lowest shares of production are observed for the production/consumption of sugar (3.87%), fruits and berries (7.47%), eggs (8.76%), and meat (8.54%). Agro-food production in Kazakhstan increased by 1.04% from 2013 to 2018, while consumption increased by 0.60%. By 2035, the capacity of the EAEU domestic market could grow significantly in the segments: meat and meat products (by 15%), milk and dairy products (by 17%), fruits and berries (by 39%), vegetables and gourd (by 24%), grain (by 12%) and oilseeds (by 69%). Discussion and conclusion. The formation and development of territorial and sectoral clusters, mainly agrarian, will be one of the most effective forms of realization of the national competitive advantages of the Republic of Kazakhstan.","PeriodicalId":120538,"journal":{"name":"Economic Consultant","volume":"4 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114031465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Using the ARDL Bound Testing Approach to Study the Inflation Rate in Egypt","authors":"M. Abonazel, Nourhan Elnabawy","doi":"10.46224/ecoc.2020.3.2","DOIUrl":"https://doi.org/10.46224/ecoc.2020.3.2","url":null,"abstract":"According to economic theory, the change in any economic variables may affect another economic variable through the time and these changes are not instantaneously, but also over future periods. The Autoregressive distributed lag (ARDL) model has been used for decades to study the relationship between variables using a single equation time series. The ARDL model is one of the most general dynamic unrestricted models in econometric literature. In this model, the dependent variable is expressed by the lag and current values of independent variables and its own lag value. The paper studies the dynamic causal relationships between inflation rate, foreign exchange rate, money supply, and gross domestic product (GDP) in Egypt during the period 2005: Q1 to 2018: Q2. Using the bounds testing approach to cointegration and error correction model, developed within an ARDL model, we investigate whether a long-run equilibrium relationship exists between the inflation rate and three determinants (foreign exchange rate, money supply, and GDP). The results indicate that the exchange rate and the growth in money supply have significant effects on the inflation rate in Egypt, while the real GDP has no significance effect on the inflation rate","PeriodicalId":120538,"journal":{"name":"Economic Consultant","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116587357","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The tech-novation pathway from pandemic to prosperity: a post Covid-19 roadmap for African economy","authors":"A. A. Aduloju, T. Adedoyin","doi":"10.46224/ecoc.2020.3.1","DOIUrl":"https://doi.org/10.46224/ecoc.2020.3.1","url":null,"abstract":"While the post-colonial African economy remains the poorest performing economy globally, the outbreak of the Coronavirus pandemic has further gravely aggravated its precarious position in the world. This study reflects on the multiple impacts of Covid-19 on African economy and suggests a pathway for its revitalization in the post Covid-19 environment. Undoubtedly, the Covid-19 pandemic has brought the world to a temporary halt, with its attendant bruises mostly notable on the economies of almost all African countries. This paper empirically analyse the incapacitation of African states in providing some strategic responses to the economic wreckages caused by the pandemic. Using technological-determinism as a theoretical framework, this study suggests the technological-innovation pathway as a bridge between the pandemic-induced economic circumstances and prosperity for Africa. Sequentially, the five junctions on the pathway splits as pulling, recovery, innovations, growth, and sustainability (PRIGS), but, however, the kernel of the discussion revolves around the commodification of innovation (technology) for Africa’s economic growth and development. This study concludes, the five junctions on the PRIGS’ highway absorbs the current developmental challenges of African states and hence, recommends an alternative roadmap for Africa, in its long-term quest and vision for development","PeriodicalId":120538,"journal":{"name":"Economic Consultant","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128304822","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Issues of modeling smart personality – human image of the digital age","authors":"O. Tomyuk, M. Dyachkova, A. Shutaleva","doi":"10.46224/ecoc.2020.3.8","DOIUrl":"https://doi.org/10.46224/ecoc.2020.3.8","url":null,"abstract":"Digitalization, human immersion in the Internet space, Smart technologies create a world of new materiality, embrace everyday life, thinking, expanding the boundaries and possibilities of human communication and self-expression, which was the hypothetical basis for the idea of the need to transform lives in the direction of Smart. This circumstance necessitates modelling the image of a person in the digital era, taking into account the models of human action and its results developed by the social and humanitarian sciences. The study is based on conceptual, system-functional approaches, and it uses a set of general scientific and specific scientific methods, the modelling method served as a way to create an image (model) of a Smart personality. Research results: the concept of “Smart personality” has been introduced into scientific circulation, highlighting such competencies as possession of methods of critical thinking, effective teamwork and interaction with other people, adaptation to changes, decision-making and independent organization of activities, work in conditions of uncertainty and performing complex analytical tasks that require improvisation and creativity; the factors of development and formation of the Smart personality were identified: implementation of the concept of Smart-education and values of self-development, approval of the concept of “Lifelong learning education” and self-motivation, development of cognitive skills instead of “loading” knowledge; it is substantiated that the development of a Smart personality model is possible with an interdisciplinary approach, using the methodology of different areas of socio-humanitarian knowledge","PeriodicalId":120538,"journal":{"name":"Economic Consultant","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132533398","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}