Economic Growth

Energy Imports and Growth Perspective: The Case of Turkey

Author: Halil Yaprakli
Institution: Celal Bayar University in Manisa (Turkey)
Author: Taner Taş
Institution: Celal Bayar University in Manisa (Turkey)
Author: Kubilay Çagri Yilmaz
Institution: Celal Bayar University in Manisa (Turkey)
Year of publication: 2015
Source: Show
Pages: 283-299
DOI Address: http://dx.doi.org/10.15804/ppsy2015019
PDF: ppsy/44/ppsy2015019.pdf

In recent years, the main macroeconomic problem of Turkey is current deficits. In order to realize sustainable growth, the balance of payment should be kept under control. This control system is directly depends on minimization of current deficits. One of the main reasons of Turkey's current account deficits is energy imports. By applying the Johansen co–integrated analysis, this paper aims to identify the relationship between energy consumption and economic growth by using the data set between the years 1984–2012 with reference to VAR (Vector Auto Regression). Furthermore, unit root test was applied to the data which is the traditional unit root tests ADF (Augmented Dickey Fuller), PP (Phillip–Perron) and KPSS (Kwiatkowski–Phillips–Schmidt–Shin) and taking into account the structural break test was performed Zivot–Andrews. In addition to examining the long–term relationship between the two variables, taking into account the structural break in the cointegration test Engle–Granger and taking into account the structural break Hatemi–J cointegration test were applied. According to the results of the analysis, we reached that there is a relationship between energy consumption and economic growth.

 

Education and Science and Its Importance in Process of Supporting Economic Growth and Competitiveness in the European Union and Slovak Republic

Author: Peter Čajka
Institution: Matej Bel University
ORCID: https://orcid.org/0000-0003-0568-394X
Author: Lucia Rýsová
Institution: Matej Bel University
ORCID: https://orcid.org/00000003-2965-1162
Year of publication: 2019
Source: Show
Pages: 11-34
DOI Address: https://doi.org/10.15804/rop201901
PDF: rop/2019/rop201901.pdf

As a part of its long-term strategic objectives, the European Union has set efforts to increase internal cohesion, improve economic growth levels, which will strengthen its position in the world economy area and also strengthen its competitiveness vis-à-vis other key players in the world economy. The level and quality of education, as well as the level and quality of science and research, are key areas for achieving this goal. Thus, the main attention at the level of the European Union and its individual member states should be focused on the implementation of systemic measures aimed at improving the educational process and research activities in all aspects (legislative, personnel, financial, procedural, etc.). The article focuses on the definition and analysis of the main developmental trends and tendencies in the area of education and support of science and research in the area of the European Union and the Slovak Republic.

Contours of Development in North-East Region of India and Quest for Welfare State

Author: Anjan Chakrabarti
Institution: St. Joseph’s College (University Section), West Bengal
Author: Panchali Sengupta
Institution: St. Joseph’s College (University Section), West Bengal
Year of publication: 2014
Source: Show
Pages: 63-89
DOI Address: https://doi.org/10.15804/kie.2014.05.04
PDF: kie/105/kie10504.pdf

It was a daunting task before the Nehru-led government to frame a suitable policy of governance for secluded North-Eastern states which were completely separated from the mainstream British India. Due to the historical background as well as the geographical location of the region the government of India has long been tried to integrate the North-Eastern states with mainland India keeping social and cultural institutions of that region unaltered. With the continuous pursuance of protective and proactive role by the government growth scenario of the North-Eastern states has turned out to be satisfactory. Per-capita income has also been growing at a moderate rate and poverty both in absolute and relative term and inequality are declining. However, the worrying factor is that growth is pronounced where government is acting as principal economic actor. In addition, most of the North-Eastern states have demonstrated very poor fiscal condition and solely relying on central assistance. Economic integration sought under a decentralised development model on the failed promise of bringing equitable development across the North-Eastern states has acted as an incentive to raise the demand for special constitutional arrangements, separate state or country based on ethnicity or identity. Finally, occasional use of coercive forces, doling out of funds, and providing autonomy without accountability are the adhoc measures often used by the state to settle the unsettled culturo-social and politicoeconomic issues rooted in the Indian soil based on the notion of the abortive post-colonial Indian nationhood. Resultantly, the grand Indian nation state would certainly suffer from hyper-paranoia and a dreamer for “welfare state” will continue to be interrogated amidst the quagmire of movements based on identity and ethnicity.

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