Assessing Economic Growth Quality

Navasardyan, Michael; Mkrtchyan, Tatul

doi:10.26668/businessreview/2023.v8i7.2810

Cited by 3 publications

(1 citation statement)

References 35 publications

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“…Additive technologies, artificial intelligence, digital transformation of the economy, blockchain and other so-called end-to-end technologies today determine new points of economic growth (Abirami M., 2023;Navasardyan M., 2023;Ichsan, 2023). In this regard, it seems to be an extremely important and urgent task to study the emerging macroeconomic externalities that arise in the process of diffusion of technological innovations in all areas of economic activity, including financial ones.…”

Section: Introductionmentioning

confidence: 99%

Blockchain as a Promising Technology for International Settlements (on the Example of the Russian Economy)

Safiullin,

Elshin,

Burganov

2023

J. Professional Business Review

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Purpose: Development and testing of methodological approaches to the empirical assessment of a possible increase in GDP in the case of simulating the transition of cross-border payments to the blockchain environment using the example of the national economy of the Russian Federation. Theoretical framework: In modern scientific literature, much attention is paid to questions about the prospects for the transition of financial transactions to the blockchain (Adrian T. et al., 2018; Allen D. et al., 2019; Boar C. et al., 2020; Kochergin D., 2021; Nazarenko Y., 2018 and others.). However, it should be argued that the methodological base justifying the macroeconomic efficiency of such decisions has not been formed in a holistic way. In this regard, this study is an attempt to develop theoretical and methodological tools that substantiate the feasibility of creating blockchain platforms for transnational payments. Design/Methodology/Approach: Using the national economy of Russia as an example, we conducted an empirical assessment of the potential increase in gross domestic product (GDP) by simulating transitioning cross-border payments into a blockchain ecosystem. Findings: It was determined that the potential cumulative macroeconomic effect (i.e., GDP growth) may reach 4.0% per year, corresponding to 6.05 trillion rubles ($75.6 billion US dollars). Research, Practical & Social implications: We propose a future research agenda and highlight the contribution of blockchain to FinTech development. Originality/Value: Estimates demonstrate the prospects of blockchain application in transnational payments and highlight their potential use for mitigating risks associated with increasing sanction pressure, including restrictions on access to international clearing services and payment systems (SWIFT, etc.).

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Section: Introductionmentioning

confidence: 99%

Blockchain as a Promising Technology for International Settlements (on the Example of the Russian Economy)

Safiullin,

Elshin,

Burganov

2023

J. Professional Business Review

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National income accounting attributes and economic welfare. Evidence from Pakistan

Shuang,

Waris,

Nawaz

et al. 2024

PLoS ONE

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Economic welfare is essential in the modern economy since it directly reflects the standard of living, distribution of resources, and general social satisfaction, which influences individual and social well-being. This study aims to explore the relationship between national income accounting different attributes and the economic welfare in Pakistan. However, this study used data from 1950 to 2022, and data was downloaded from the World Bank data portal. Regression analysis is used to investigate the relationship between them and is very effective in measuring the relationship between endogenous and exogenous variables. Moreover, generalized methods of movement (GMM) are used as the robustness of the regression. Our results show that foreign direct investment outflow, Gross domestic product growth rate, GDP per capita, higher Interest, market capitalization, and population growth have a significant negative on the unemployment rate, indicating the rise in these factors leads to a decrease in the employment rate in Pakistan. Trade and savings have a significant positive impact on the unemployment rate, indicating the rise in these factors leads to an increase in the unemployment rate for various reasons. Moreover, all the factors of national income accounting have a significant positive relationship with life expectancy, indicating that an increase in these factors leads to an increase in economic welfare and life expectancy due to better health facilities, many resources, and correct economic policies. However, foreign direct investment, inflation rate, lending interest rate, and population growth have significant positive effects on age dependency, indicating these factors increase the age dependency. Moreover, GDP growth and GDP per capita negatively impact age dependency. Similarly, all the national income accounting factors have a significant negative relationship with legal rights that leads to decreased legal rights. Moreover, due to better health facilities and health planning, there is a negative significant relationship between national income accounting attributes and motility rate among children. Our study advocated the implications for the policymakers and the government to make policies for the welfare and increase the social factors.

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Policy Gap of the Thai Elderly Housing Among Aging Population within Middle-and Low-Income Group

Tananpang,

Sonsuphap

2023

J. of Law and Sust. Develop.

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Objectives: The purposes of this research were 1) to study Thai elderly housing policy, and 2) to analyse the adequacy of Thai government in preparing the elderly housing. Method: This research is a descriptive research which applied secondary data collection method and a study of policy gap of the Thai elderly housing among aging population within middle-and low-income group. SWOT Analysis and TOWS Matrix Analysis techniques were used by collecting data to study the details and regulations of the government policy concerned with the elderly housing and compared to the current statistical data on population aging to determine the current adequacy of policy support towards the increasing number of the older population, and to provide recommendations for appropriate policy solutions. Result: Thailand will become a full-fledged aging society. Population with low income earning less than 60,000 baht per year. There is a decrease in the elderly income in comparison to the increase in elderly population. Moreover, there are only 4.3 percent of the total elders who have more than 3 million baht in savings whereas the government has issued the policies to provide assistance to the aging population, such as the housing loan policy. However, there are still a number of 2.25 million low-income people who do not possess certification of land ownership and yet cannot access to this aid pro-vided. Elder Social Welfare Development Center provides the supports to the elders in difficult condition, but only 0.057 percent are reported. Never-theless, the Baan Pracharat scheme covers only the elder who have income relatively range from middle to low. Furthermore, the project focuses on living in the same place which is suitable for the elders with low income and already have relative accommodations.An analysis result using SWOT and TOWS showed that the current policy was insufficient to the needs. There is a need of additional budget to be prepared approximately 1.42 trillion-baht accounting to 56 percent of the tax revenue from the Parliamentary Budget Office after an allocation in the year 2019. This is considered to be a very high budget. Conclusion: the housing policy provides for the elders with low- and middle-income is not a sustainable solution. The government should create a solution for the long term.

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Assessing Economic Growth Quality

Cited by 3 publications

References 35 publications

Blockchain as a Promising Technology for International Settlements (on the Example of the Russian Economy)

Blockchain as a Promising Technology for International Settlements (on the Example of the Russian Economy)

National income accounting attributes and economic welfare. Evidence from Pakistan

Policy Gap of the Thai Elderly Housing Among Aging Population within Middle-and Low-Income Group

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