The Impact of Social Infrastructure and Physical Infrastructure on Economic Growth in Punjab, India

2021 ◽  
pp. 002190962110439
Author(s):  
Jagmohan Singh
Keyword(s):  
Economic Growth ◽  
Principal Component Analysis ◽  
Principal Component ◽  
District Level ◽  
Infrastructure Development ◽  
Social Infrastructure ◽  
Role Of The State ◽  
Physical Infrastructure ◽  
The Impact

Against the backdrop of socio-economic crisis and declining role of the state in infrastructure development, this article evaluates the inter-district disparities in social infrastructure (SI) and physical infrastructure (PI), and consequently attempts to examine the impact of SI and PI on economic growth in Punjab at two points in time, that is, 2004–2005 and 2016–2017. For this purpose, a district level social infrastructure index (SII) and a district level physical infrastructure index (PII) encapsulating 12 and 10 indicators, respectively, have been computed employing principal component analysis. The findings of the study revealed that PI acts as a pivotal catalyst to accelerate economic growth, whereas SI does not demonstrate any significant association with economic growth in Punjab. Furthermore, it is observed that pervasive inter-district disparities exist in SI and PI development and the majority of the districts depict a gloomy picture of infrastructure development in Punjab.

scholarly journals Empirical study of the fiscal policy impact on economic growth

2017 ◽  
Vol 15 (3) ◽  
pp. 316-322 ◽  
Author(s):  
Mykola Pasichnyi
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Emerging Market ◽  
Positive Influence ◽  
Emerging Market Economies ◽  
Market Economies ◽  
Role Of The State ◽  
Budget Policy ◽  
The Impact

The challenges of economic globalization, recession, and the essential changes in market conditions, as well as the financial institutionalization, determine the expediency of the new studies to explore the impact of fiscal instruments on the dynamics of economic growth and social stability. This paper examines the role of fiscal policy in the economic growth ensuring in advanced and emerging market economies over the period from 2001 to 2015. The research indicates the growing role of the state (in general) and the budget (in particular) in regulation of social and economic processes. Based on the methods of economic regression, the interrelations between government spending and GDP growth in different groups of countries were evaluated. The study emphasized the directions to increase the positive influence of budget policy on economic development for countries with emerging market economies. This can be achieved by harmonization of the tax burden and structure, improving the use of budget funds, conducting structural optimization of budget expenditures, further development of financial and budget institutions, implementation of the fiscal constraints and rules while forming the basic indicators of fiscal policy.

scholarly journals The impact of banking sector development on economic growth: Comparative analysis of Ukraine and some EU countries

2021 ◽  
Vol 18 (2) ◽  
pp. 193-208
Author(s):  
Nadiya Rushchyshyn ◽  
Olha Mulska ◽  
Yuliia Nikolchuk ◽  
Mariia Rushchyshyn ◽  
Taras Vasyltsiv
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Principal Component ◽  
Causality Analysis ◽  
Eu Countries ◽  
Banking Sector Development ◽  
Reverse Relationship ◽  
The Stability ◽  
The Impact

The effective functioning of the banking sector has a key impact on the stability of economic growth. The study is aimed at monitoring the banking sector development and identifying causality between the banking sector and economic growth. The methodological tools of the research are Principal component analysis, causal relationship, and vector regression modeling. The empirical study is based on the World Bank databank by eight components (for integral analysis) and seven indicators (for causality analysis). The study presents an improved algorithm for monitoring the level of banking sector development based on calculating the integral coefficient. According to assessment, the level of banking sector development and realization of its potential in Ukraine is low and significantly inferior to the EU countries; in 2000–2019, the development of the banking sector in Ukraine was 0.061-0.153. The results obtained confirmed the large discrepancy in the development of Ukraine’s banking sector with some EU countries (the highest lag values were observed with the Czech Republic and Poland). The causality analysis revealed a strong favorable relationship between the level of development of the banking sector in Ukraine and GDP per capita (0.796), a moderate one – with foreign direct investment (0.400), and a reverse relationship with the level of national poverty (0.678). This study is of practical value for identifying two possible trajectories of a country’s development, namely, sustainable development and economic turbulence, and has allowed forming a conceptual vision of the role of the banking sector in achieving social and economic goals.

The role of infrastructure on economic growth in belt and road participating countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mui-Yin Chin ◽  
Sheue-Li Ong ◽  
Chew-Keong Wai ◽  
Yee-Qin Kon
Keyword(s):  
Economic Growth ◽  
Capital Expenditure ◽  
Panel Cointegration ◽  
Infrastructure Development ◽  
Content Type ◽  
Long Run ◽  
Belt And Road ◽  
The Impact ◽  
Determinants Of Economic Growth

Purpose This study aims to delve deeply into the role of infrastructure on economic growth in 59 belt and road initiative (BRI) participating countries from various regions of the world as the main objective of BRI is to encourage the participating countries to improve investment and trade facilitation via infrastructure. Besides, the development of infrastructure is in line with the United Nations’ 2030 sustainable development goals (SDG). Design/methodology/approach This study encompasses all of the important physical infrastructure factors to compute a composite infrastructure index. Thereafter, this study used both the panel cointegration and the panel Granger causality tests to investigate the impact of the infrastructure index and other essential factors on economic growth. Findings The empirical results signify the importance of infrastructure development on economic growth in both the long-run and short-run. Besides, it is evident that capital, expenditure on health and education, as well as exports, will accelerate economic growth. Originality/value The findings of this study could contribute to the literature regarding BRI in two ways. First, it will provide insight to the policymakers of China and the BRI participating countries on whether infrastructure development is worthy of huge investment so as to enhance the success of the BRI. Second, the outcome of this study will give policymakers a better understanding of the determinants of economic growth, which, in turn, will help them in designing effective policies.

scholarly journals Dampak Realokasi Anggaran Belanja Subsidi BBM untuk Pembangunan Infrastruktur terhadap Perekonomian Indonesia

2018 ◽  
Vol 5 (4) ◽  
pp. 426-443
Author(s):  
Muhammad Anas ◽  
Wahyu Widodo ◽  
FX Sugiyanto
Keyword(s):  
Economic Growth ◽  
Household Income ◽  
Social Accounting Matrix ◽  
Social Infrastructure ◽  
Education And Health ◽  
Long Run ◽  
Accelerate Growth ◽  
Physical Infrastructure ◽  
Using Data ◽  
The Impact

Kondisi dan daya saing infrastruktur Indonesia belum memadai akibat belanja infrastruktur yang terhambat karena membengkaknya anggaran subsidi BBM. Pada akhir tahun 2014, pemerintah mereformasi anggaran belanja dengan memangkas anggaran subsidi BBM dan meningkatkan anggaran pembangunan infrastruktur. Penelitian ini bertujuan menganalisis dampak realokasi anggaran belanja subsidi BBM untuk pembangunan infrastruktur terhadap perekonomian Indonesia. Dengan menggunakan data yang bersumber dari BPS dan Susenas, penelitian ini menerapkan aplikasi Sistem Neraca Sosial Ekonomi (SNSE) sebagai alat analisis untuk melihat seberapa besar dampak kebijakan bagi pertumbuhan ekonomi dan pendapatan rumah tangga. Hasil simulasi menunjukkan bahwa realokasi anggaran subsidi BBM untuk pembangunan infrastruktur sosial (seperti pendidikan dan kesehatan) berpengaruh lebih besar terhadap perekonomian Indonesia dibandingkan infrastruktur fisik (seperti jalan dan jembatan). Meski pertubuhan ekonomi yang diperoleh melalui hasil simulasi belum mencapai target pembangunan, namun dalam jangka panjang pembangunan infrastruktur diharapkan mampu mengakselerasi pertumbuhan ekonomi. Indonesia’s infrastructure has been inadequate and not competitive due to the lack of infrastructure spending because of the consistently increasing budget for fuel subsidy. Therefore, at the end of 2014, Government of Indonesia (GoI) reformed their budgeting policy by diverting fuel subsidy’s budget to develop infrastructure. The purpose of this study was to analyze the impact of diverting Indonesia’s budgeting policy from fuel subsidy to infrastructure on its economy. Using data from Statistics Indonesia and National Survey of Social and Economy, this study applied Social Accounting Matrix (SAM) as the analytical tool to quantify the magnitude of the impact from the policy on Indonesia’s economic growth and household income. Simulation results indicated that developing social infrastructure (such as education and health) had a bigger impact on Indonesia’s economy than developing physical infrastructure (such as roads and bridges). Although the economic growth resulted from the simulation policy could not meet Indonesia’s target, infrastructure spending is expected to accelerate growth in the long run.

Some reflections on social structure: Theoretical and practical aspects

2020 ◽  
Vol 18 (6) ◽  
pp. 1063-1078
Author(s):  
T.N. Skorobogatova ◽  
I.Yu. Marakhovskaya
Keyword(s):  
Service Industry ◽  
External Factors ◽  
Infrastructure Development ◽  
Social Infrastructure ◽  
Social Sphere ◽  
The Social ◽  
Study Results ◽  
The Republic ◽  
Internal And External Factors ◽  
The Impact

Subject. This article discusses the role of social infrastructure in the national economy and analyzes the relationship between the notions of Infrastructure, Service Industry and Non-Productive Sphere. Objectives. The article aims to outline a methodology for development of the social infrastructure of Russia's regions. Methods. For the study, we used the methods of statistical and comparative analyses. The Republic of Crimea and Rostov Oblast's social infrastructure development was considered as a case study. Results. The article finds that the level of social infrastructure is determined by a number of internal and external factors. By analyzing and assessing such factors, it is possible to develop promising areas for the social sphere advancement. Conclusions. Assessment and analysis of internal factors largely determined by the region's characteristics, as well as a comprehensive consideration of the impact of external factors will help ensure the competitiveness of the region's economy.

The Land Question in India

2017 ◽  
Keyword(s):  
Moral Economy ◽  
The State ◽  
Land Acquisition ◽  
Infrastructure Development ◽  
Ethical Implications ◽  
Tribal Communities ◽  
Role Of The State ◽  
Acquisition Processes ◽  
Land Question

This book takes a fresh look at the land question in India. It goes beyond re-engagement in the rich transition debate by critically examining both theoretically and empirically the role of land in contemporary India. Springing from the political economy discourse surrounding the classic capitalist transition issue in agriculture in India, the book gravitates toward the development discourse that inevitably veers toward land and the role of the state in pushing a process of dispossession of peasants through direct expropriation for developmental purposes. Contemporary dispossession may look similar to the historical process of primitive accumulation that makes room for capitalist agriculture and expanded accumulation. But this volume shows that land in India is sought increasingly for non-agricultural purposes as well. These include risk mitigation by farmers, real estate development, infrastructure development by states often on behalf of business, and special economic zones. Tribal communities (advasis), who depend on land for their livelihoods and a moral economy that is independent of any price-driven markets, hold on to land for collective security. Thus land acquisition continues to be a turbulent arena in which classes, castes, and communities are in conflict with the state and capital, each jockeying to determine the terms and conditions of land transactions or their prevention, through both market and non-market mechanisms. The volume collectively addresses the role of the state involved in the process of dispossession of peasants and tribal communities. It provides new analytical insights into the land acquisition processes, their legal-institutional and ethical implications, and captures empirically the multifaceted regional diversity of the contestations surrounding the acquisition experiences in India.

Evaluation of the Aging Behavior of High Density Polyethylene in Thermal Oxidative Environment by Principal Component Analysis

2017 ◽  
Vol 727 ◽  
pp. 447-449 ◽  
Author(s):  
Jun Dai ◽  
Hua Yan ◽  
Jian Jian Yang ◽  
Jun Jun Guo
Keyword(s):  
Principal Component Analysis ◽  
Impact Strength ◽  
High Density Polyethylene ◽  
Tensile Modulus ◽  
Principal Component ◽  
Component Analysis ◽  
High Density ◽  
Aging Behavior ◽  
Data Set ◽  
The Impact

To evaluate the aging behavior of high density polyethylene (HDPE) under an artificial accelerated environment, principal component analysis (PCA) was used to establish a non-dimensional expression Z from a data set of multiple degradation parameters of HDPE. In this study, HDPE samples were exposed to the accelerated thermal oxidative environment for different time intervals up to 64 days. The results showed that the combined evaluating parameter Z was characterized by three-stage changes. The combined evaluating parameter Z increased quickly in the first 16 days of exposure and then leveled off. After 40 days, it began to increase again. Among the 10 degradation parameters, branching degree, carbonyl index and hydroxyl index are strongly associated. The tensile modulus is highly correlated with the impact strength. The tensile strength, tensile modulus and impact strength are negatively correlated with the crystallinity.

scholarly journals The lung microbiota in Korean patients with non-tuberculous mycobacterial pulmonary disease

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Sung-Yoon Kang ◽  
Hyojung Kim ◽  
Sungwon Jung ◽  
Sang Min Lee ◽  
Sang Pyo Lee
Keyword(s):  
Principal Component Analysis ◽  
Respiratory Tract ◽  
Pulmonary Disease ◽  
Beta Diversity ◽  
Lower Respiratory Tract ◽  
Principal Component ◽  
Control Group ◽  
Flexible Bronchoscope ◽  
Bronchial Washing

Abstract Background The microbiota of the lower respiratory tract in patients with non-tuberculous mycobacterial pulmonary disease (NTM-PD) has not been fully evaluated. We explored the role of the lung microbiota in NTM-PD by analyzing protected specimen brushing (PSB) and bronchial washing samples from patients with NTM-PD obtained using a flexible bronchoscope. Results Bronchial washing and PSB samples from the NTM-PD group tended to have fewer OTUs and lower Chao1 richness values compared with those from the control group. In both bronchial washing and PSB samples, beta diversity was significantly lower in the NTM-PD group than in the control group (P = 2.25E-6 and P = 4.13E-4, respectively). Principal component analysis showed that the PSBs and bronchial washings exhibited similar patterns within each group but differed between the two groups. The volcano plots indicated differences in several phyla and genera between the two groups. Conclusions The lower respiratory tract of patients with NTM-PD has a unique microbiota distribution that is low in richness/diversity.

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