The models of the economic growth, which examine the long-run rise of economy’s production capacities, allow specialists to have a wider outlook at the current economic problems appearing within the countries and at the international arena from the side of the whole historical process of economic development. The main concern of these models is more general and probably more important issues in economics, such as changes in the standards of living, development of scientific and technological progress
Certainly there exists a significant literature on the relationship between tourism and general economic growth, and the terminology of ‘tourism growth led hypothesis’ has become accepted within both the tourism and economic literatures. Among those studies Shan and Sun (1997) and Shan and Wilson (2001) have used econometric techniques within a Chinese context, the latter finding evidence of a re-iterative effect between tourism and trade (imports and exports) as both feed into each other. While
makeup/color cosmetics, fragrance, toiletries and various other grooming products. In 2012, the total industry revenues are $245 billion (180 billion euros), with an industry revenue growth of 3.4% over the last five years. According the table, except the decreasing growth rates from 2008 to 2009, due to the worldwide economic crisis, the cosmetic industry keeps a considerable increase speed, around 4% per year, which offers a powerful supporting sign that the industry is
An effective utilization of human resources can boost the development of India. Hence, both Central Government and State Governments have prepared the number of plans for the economic development. Among the many plans, one of the plans is establishment of Special Economic Zone (SEZ). The very purpose of establishing SEZ is providing all infrastructural facilities, marketing assistance, financial assistance and incentives in all aspects. If all the facilities are provided, certainly, many entrepreneurs
conditions of these models in order to get a deeper understanding of the complex relationship between private savings and its determinants. 3.1 The Life-Cycle Hypothesis of Saving The central motive for saving in the life-cycle model is the accumulated savings for retirement. In addition to this, the life-cycle model deals with consumption-saving decisions
about is the policy closer to anthropocentric or ecocentric. This is the biggest different between four models. Based on their belief, there would be differences on their values towards nature, resources use, and policy making. First of all, according to Kirkpatrick, nature is only valued on what it advantage to human in the pollution control approach level. This model focus on market-led growth, and exploit the resources for develop. In this level, it
Korean Economic Development Under Park Chung-Hee Dzhusupbaev Islan Kobe University Abstract President Park Chung-hee governed South Korea from 1961-1979. The main merits of Park Chung-hee’s regime are the normalization of relations with Japan, shift from import substitution to export-led economy and strengthening of economic independence. Since 1961 the state’s economy developed significantly, though, in late 70th it slowed down. In general, during this period South Korea experienced rapid economic
leads to freedom of choice and decisions. 6 In conclusion 6 References 8 A discussion on the effectiveness of women empowerment and how it influences economic development in Namibia. Introduction The effectiveness of women empowerment is a topic that has been addressed by many people as something that has influenced economic
the impact of tourism expenditure on economic growth of Pakistan I have taken the time series data from 1995 to 2012. Trade was used as an independent variable in the model. For the regression I have used the ordinary least square (OLS) method because all the variable were stationary at level. I took the data of GDP, trade and tourism expenditure from the World Bank website. Dependent variable: • GDP Independent variable • Tourism expenditure • Trade The model is as follows GDP= β0 + β1 tourism expenditure
those in the lesser developed economies, but this can be attributed to more volatile economic environment. According to Financial Times, foreign direct investment (FDI) is a component of a country's national financial accounts. It is an investment of foreign assets into a domestic structures, equipment, and organizations. It does not include foreign investment into the stock markets. According to the Malaysian Economics, foreign direct investment (FDI) also can be defined as a company from one country