Conflict and Effective Demand in Economic Growth

An Analysis of Restraints on Effective Demand for Loans in Rural China

International Journal of Emerging Research in Management and Technology ◽

10.23956/ijermt.v6i8.125 ◽

2018 ◽

Vol 6 (8) ◽

pp. 107

Author(s):

Wenjie Ma ◽

Minxin He ◽

Xinyu Zhong ◽

Shengsong Huang

Keyword(s):

Economic Growth ◽

Migrant Workers ◽

Rural Areas ◽

Financial Services ◽

Rural China ◽

Strong Support ◽

Effective Demand ◽

Second Child ◽

Factors Influencing ◽

First Choice

China’s overall economic growth is, to a great extent, hindered by the lack of economic growth in rural areas. Based on data from the Thousand-Village Survey (2015) of 31 provinces conducted by Shanghai University of Finance and Economics, we conduct this empirical study to analyze the current state of rural financial services and the factors influencing effective demand for loans in rural China. Looking at the demand side, in 2014, only 13.91% farmers had loans, and only 15.53% of them made financial institutions their first choice when they needed loans. Clearly, there is still much to do with regard to inclusive finance. From the perspective of the supply side, only 43.86% of dispersed loans can be categorized as productive loans, further reflecting that the financial services industry does not provide strong support for rural economic growth. Further study shows that the main factors influencing effective demand for productive loans are the population age structure and the rate at which migrant workers return home. Therefore, the "Second-Child" policy and policies that encourage migrant workers to go back home to start businesses are of vital importance in order to raise effective financial demand in rural China.

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Improvement of the remuneration system in modern conditions

10.33920/pro-3-2009-01 ◽

2020 ◽

pp. 6-12

Author(s):

S. V. Savina

Keyword(s):

Economic Growth ◽

Productivity Growth ◽

Positive Impact ◽

Domestic Market ◽

Effective Demand ◽

Difficult Situation ◽

Remuneration System ◽

Near Future ◽

Further Development

Today, a difficult situation has developed in the field of wages and incomes of the population, associated with the need to increase the level of wages and real incomes of the population, since low effective demand in the domestic market can become the main constraint on economic growth in the near future. The main goal of wage reform in modern conditions is to restore the role of wages as the main incentive for productivity growth and labor efficiency, which will have a positive impact on the functioning of production and will give an impetus to its further development.

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SOCIAL CHALLENGES OF THE BUDGET POLICY OF RUSSIA

Научные труды Вольного экономического общества России ◽

10.38197/2072-2060-2021-231-5-168-188 ◽

2021 ◽

Vol 231 (5) ◽

pp. 168-188

Author(s):

MIKHAIL V. SHMAKOV ◽

Keyword(s):

Economic Growth ◽

Russian Federation ◽

Trade Unions ◽

Federal Budget ◽

Domestic Demand ◽

Federal Law ◽

Effective Demand ◽

Social Challenges ◽

Budget Policy ◽

Sustainable Economic Growth

The analysis of the draft federal law «On the Federal Budget of Russian Federation for the Year of 2022 and for the Projection of 2023 and 2024» conducted in the Federation of the Independent Trade Unions of Russia revealed impossibility of achieving sustainable economic growth due to lack of prerequisites for increasing of effective domestic demand. Approaches and measurers proposed by the author target to raise the effective demand required for sustainable economic growth.

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Income distribution and economic growth: A critical approach

Panoeconomicus ◽

10.2298/pan1702125a ◽

2017 ◽

Vol 64 (2) ◽

pp. 125-138 ◽

Cited By ~ 1

Author(s):

Philip Arestis ◽

Baltar Troncoso

Keyword(s):

Economic Growth ◽

Income Distribution ◽

Profit Margin ◽

Critical Approach ◽

Effective Demand ◽

Growth Regime ◽

Investment Function

The aim of this paper is to review the Kaleckian and post-Kaleckian literature on income distribution and economic growth and question the extent to which they analyse countries? economic regimes and economic performances properly and appropriately to understand countries? economic performances. The debate focuses on the inclusion of profit margin in the investment function as a way to characterize the effective demand regime in the neoliberal era as a profitled growth regime. Our argument is that this inclusion is not able to evaluate properly the countries? economic growth in terms of the consistency between its effective demand regimes and income distribution.

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