o Comparing the effect of labor force, capital, technology and components of government expenditures on GDP for the period. Based on the report, it is recommended that the method for integral analysis of economics of climate change as a conflict factor is developed further. 9 c) Explain Malaysian competition policy and other regulation that may impact company. o Suggesting some recommendations and address them to the competent authorities to inhance the palestinain economy through this instrument (government expenditures). Address the risks of a country’s economic dependency on fossil fuel rents in a future low-carbon world; Undertake a domestic analysis of the causes of conflict in the country in question to ensure policies are more effective. Finally, it will arrive at the main recommendations for policy makers and business sector, and outline what research directions are further considered for the future. Model 1: GDP= f(L, K, T, G) Where: L: labor. These countries are heavily invested in carbon and non-renewable energy, with the export of fossil fuels often a key ingredient in maintaining their levels of economic prosperity. Government expenditures are more controlled by the Palestinian authorities, which give them the preference over the other instruments of fiscal policy in this study. Rep:? NWexp: non-wages expenditures. Also, Yu, Fan and Saurkar (2009) assessed the impact of the composition of government spending on economic growth in 44 developing countries 44 developing countries (1980-2004). However, the neo- classical viewed that there is no long run impact of government expenditures on the economic growth rate (Solow, 1956). Accessed on November 14, 2013 from: http://www.shodhanusandhann.com/WebGallery/201365246_NISHAD%20ALTAF%20ECONOMICS%20PAPER.pdf, Barro, R., Grilli, V. (1994). In fact, it reached its minimum in 2002 with US$3,301.4 million with a rate of -13% growth. Vol. For policy makers, this might entail taking action to address the main vulnerability factors identified in both highly- and less-vulnerable countries alike. Twitter. Such findings may potentially force policymakers to adjust their priorities with regard to what needs to be addressed first if planned climate change-related policies are to be effective. The main question that will be answered: what is the relationship between the government expenditures and the economic growth in Palestine? After that, GDP started recovering and continued to increase (2008-2012) and reached the maximum in 2012 with US$6,797.3 million and 6% growth (Palestinian Central Bureau of Statistics, 2013). Accessed on December 20, 2013 from: http://dc168.4shared.com/download/stSc3xoY/50204016-PARKIN-Economics-6e.pdf?tsid=20131220-185323-e76f8ce3, Ricardo, D. (1821). An example of this can be seen in the following categorization of countries. In addition, this study will benefit the Ministry of National Economy in choosing the projects that should be given licenses, in particular, the ones that enhance the economy growth the most. Sustainability of the development, which is always bearing in mind that every action can cause a reaction, and efficient use of resources would be a beneficial for future generations. ‘Accumulation of capital and technological advances are two of the most important sources of economic growth’ (Case, Oster and Fair, 2012). Wexp: Wages and salaries expenditures. ‘Re-examining Government Revenues, Government Spending and Economic Growth in GCC Countries’. (2013). Undertake a domestic analysis of the causes of maladies in the current situation of the country in question to ensure policies are effective. When looking at potential effects of low-carbon policies, Botswana, Iran and Yemen are found to be most vulnerable and at risk of unsuccessful transition. Conclusion About Economic System  Economic Systems Devry University Intro to Business and Technology BUSN-115-14398 Economic Systems The roles that Individuals, businesses, and the government play in allocating a society’s resources depend on the society’s economic systemThis system is a basic set of rules for allocating the country’s resources to satisfy its citizens’ needs. Conclusion We have examined a diverse set of mechanisms through which population growth affects economic development. Before people didn’t really realize that they could run out of resources at some point, they thought it would be here indefinitely, and we have re… Accessed on December 2, 2013 from: http://pdj.sagepub.com/content/12/1/77.full.pdf, Desmond, N., Titus, O., Timothy, O., Odiche, N. (2012). Political economy shows that reliance on spontaneity is profoundly alien to the socialist economic order, that the building of communist society can take place only by the planned control of economy, on the basis of the law of planned development of the national economy and in accordance with the requirements of the basic economic law of socialism. Economics is a science that is about making choices, monetary and non-monetary. Conclusion On Economics. Wintersche Verlagshandlung. However, it started to decrease back in 2006-2007 to reach US$4,554.1 million with growth rate of 5% only. Journal of Political Economy. The Importance of the Study: Since the Palestinian economy is directly connected to the Israeli economy, this limits the Palestinian policy makers’ options in setting up the policies needed to enhance the Palestinian economy. Accessed on November 14, 2013 from: http://www.shodhanusandhann.com/WebGallery/201365246_NISHAD%20ALTAF%20ECONOMICS%20PAPER.pdf, Wagner, A. Students can use our free essays as examples to write their own. Chapter four will be analyzing the data statistically. T: technology. These countries are characterized by high conflict vulnerability, high environmental stress and low economic resilience, and are also usually affected by war. Moreover, GDP started and continued to decrease as a result of Israeli military measures during the years of the second intifada (2000-2004). It's probably the night before your paper is due and you just want to be done. Then the impact of government expenditures as a total and its components on the GDP will be examined using multiple regression analysis where the R2, F-test and t- test will be calculated. Economics, at the hands of Robbins, turned to be a mere price theory or microeconomic theory. The main underlying factors causing the high degree of environmental vulnerability in these regions are the lack of precipitation and the expansiveness of deserts present in these areas. o How much does each component form as a percentage of the overall government expenditures? Government expenditures and its components, as an example of such policies, will be studied and analyzed through this study to give an indication of how effective the Palestinian policy makers’ strategies in managing and controlling the Palestinian economy and resources. A more comprehensive view on country vulnerabilities arises when Layers One to Three are combined. You can view our terms of use here. In addition, this will help the individuals as being part of the labor force to determine how and where to invest their money so as to help in achieving better GDP growth. o What is the impact of the overall government expenditures on the GDP for the period? Counter-productivity is the problem that will sooner or later hit every economy, to reduce the impacts it can have some measures need to be taken. - say what the significance of your answer is either in the 'real' world or to the discipline of economics. Conclusion This year’s White Paper on International Trade follows last year’s trend of allocating a great deal of space to descriptions of the East Asian economy and Japan. Real GDP is defined as ‘the value of total production of farms, factories, shops and offices of a country measured in the prices of a single year’. One of the main approaches for calculating GDP is the expenditure approach which equals ‘the sum of consumption expenditure, investment, government spending on goods and services and net exports’ (Parkin, Powell and Matthews, 2005). Monopoly occurs when there is no competition and therefore the supplier has a very high degree of pricing power. The stationarity of the two models will be first tested using Augmented Dickey-Fuller and Phillips-Perron unit root test for stationarity. For example, Mohammadi, Maleki and Gashti (2012) analyzed the effect of governmental expenditure composition on the Economic development of economic cooperation organization countries ECO: Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Turkey annually for (1995-2009). The countries within this category are: Saudi Arabia, Russia and Australia. In Latin America, none of the government spending items has any significant impact on economic growth. ©2020 Essay Sauce / Terms of use / Content policy / Privacy policy. IV, Issue-1, PP.10-21. The main objective of the study will be to analyze the impact of government expenditures as a total and its components on the Palestinian economic growth. o Analyzing the effect of each component on the overall government expenditures and GDP for the period. So much is at stake in writing a conclusion. The classical school viewed that countries with higher government expenditure would experience lower economic growth (Ricardo, 1821). In Africa, government spending in human capital was particularly strong in promoting economic growth. All of our essays are donated in exchange for a free plagiarism scan on one of our partner sites. This study will be consisting of two models. These results convey that the greater the inability of a given government to act, the greater their respective countries’ overall vulnerability to conflict - hence the large presence of MENA countries in the top ten is to be expected. EssaySauce.com is a free resource for students, providing thousands of example essays to help them complete their college and university coursework. o Calculating the percentage each component form of the total government expenditures for the period. So, the temptation is there to simply rush through it, and hope that your teacher is exhausted once she gets to your paper and doesn't bother to read it fully. In the past two decades, the Palestinian economy was going through fluctuating behavior. 3 . S103-S125. ‘Impact of Government Expenditure on Economic Growth in Assam: An Econometric Study. First of all, these refinements seem more appropriate to a text for an intermediate course in economics. Attention is paid to measures intended to increase resilience to climate change induced stress at a state and economic (private) level. Signup now and have "A+" grades! While reading this document, it is understood that the social benefits to the minimum wage increase is valuable for families, and it will profit this province as a whole. Flexible citizenship the economics of conclusion essay cultural anthropologist daniel miller presents thirty portraits of individuals racial identication might be possible to carry out a matter-of-fact tone rather than by name, you request a meeting, be prepared a lot more than multiculturalism. The Journal of Applied Business Research, Vol. Many of these issues pertinent to our time, such as overpopulation, inflation, and unemployment, are related to deep economic problems that are negatively affecting nations all around the world. Learning Objectives. Increase country resilience by identifying and addressing underlying societal, political, security pressures, which can then feed into tailored and precise policy making; Investigate and identify joint responses of public authorities and the private sector in managing the process of conflict transition, taking into account the multi-layered conflict factors identified in the monitor. There have been several studies interested in the impact of government expenditure on economic growth. 98(5), pp. Much attention should be paid to the Palestinian economy, in particular to the governmental policies used in order to analyze the reasons and effects of such a fragile economy on the other aspects of life. Theoretical Background and Literature Review: One of the definitions of economic growth is ‘the increase in the total output of an economy that happens as a result of a society acquiring new resources or learning to produce more using the existing ones’. LinkedIn. Accessed on November 15, 2013 from: http://www.mne.gov.ps/pdf/EconomiccostsofoccupationforPalestine.pdf, Keynes, M. (1936). One must have a clear understanding of economics in order to fully understand the issues that are plaguing the world today. ‘Government Spending in a Simple Model of Endogenous Growth’. According to McConnel, Brue and Flynn (2009) economic growth is ‘an outward shift in the production possibilities curve that results from an increase in resource supplies or quality or an improvement in technology’ or it’s ‘an increase in real GDP or in real GDP per capita over some period of time’. Go to first unread Skip to page: Poseidon hero Badges: 1. Policy has to address the driving factors of the different layers of risk in the monitor. The interlinkages between these variables mean that these layers can be considered as isolated components within the planetary security framework, but when taken together, they give a consolidated view of the economics of planetary security. 77’82. 9.4 Conclusion. European Macroeconomics. Please note that the above text is only a preview of this essay. Twitter. CONCLUSION Economics Assignment Help. Table of Content Table of Content 1 TASK 1 2 a) Explanation on economics system attempt to allocate resources effectively. EssaySauce.com is a completely free resource for students. The monitor developed can be used in various ways by policy makers and the business sector to assess vulnerabilities and resilience capacities of countries. These countries appear mostly due to their high scores in Layer One, due to the presence of conflict and due to their reliance on fossil fuels. In competitive markets, workers earn a wage equal to the value of their marginal contribution to the production of goods and services. ANTIMICROBIAL ACTIVITY OF SILVER NANOPARTICLES BASED ON THEIR SHAPES, A Clockwork Orange (Burgess) and The Butcher Boy (McCabe), Impact of racial stereotypes/racism on, self-esteem amongst African-American students regarding standardized testing. The purpose of this categorization is to assist policymakers in guiding their respective policies. 14 ‘ 21.Accessed on December 3, 2013 from: http://www.businessjournalz.org/articlepdf/EFR_2403july2512c.pdf, Okoro, A. 6. Veel vertaalde voorbeeldzinnen bevatten "conclusion of economic partnership agreements" – Engels-Nederlands woordenboek en zoekmachine voor een miljard Engelse vertalingen. Principles of macroeconomics, 10th ed. The following countries appear most vulnerable or at risk to conflict: Yemen, Pakistan, Sudan, Libya and Mexico. ‘Public expenditure was born out of revenue allocation which refers to the redistribution of fiscal capacity between the various levels of government or the disposition of responsibilities between tiers of the government’ (Okoro, 2013). On this page you can read or download conclusion of socio economic issues in PDF format. Israel can affect the Palestinian economy in two different ways; directly through taxes’ collection prevention, since they have control over the international borders, and indirectly by tax revenues’ base reduction (Issac, et al, 2011). The multi-national characteristics of TNCs propagated this issue further. The World Development Indicators (World Bank, 2006) were used for exchange rates. ‘Impact of Recurrent and Capital Expenditure on Nigeria’s Economic Growth’. Need writing economics essays? The most vulnerable countries in the Conflict Vulnerability Layer (Layer One) are located in the MENA region. Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on … This study uses the definition of economic growth as an increase in real GDP. The Carbon Risk Layer (Layer Three) gives an indication of the vulnerability of a country to successful climate policies in the future, in particular those that will reduce fossil fuel use in the world economy. For business professionals, this provides a contextual understanding of the country in which they may wish to invest. For more economically resilient countries and transnational corporations: develop tailor-made capacities or support for such countries. Microeconomics examines how entities, forming a market structure, interact within a market to create a market system. The aggregate national GDP were used as the dependent variable while the explanatory variables included labor, gross capital stock, and capital stock of various government expenditures. Dynamic GMM model and a panel data set for 44 developing countries, Dickey-Fuller unit root test and Levin-Lin-Chu (2002), Im-Pesaran-Shin (2003) and Hadri Lagrange Multiplier (2000) panel unit root tests were also conducted. If you want to be able to access the higher level marks in economics A-level essays, an effective conclusion is important. o What effect does each component has on GDP for the period? This is both an opportunity and challenge to both the public and private sector; Diversify the economy of fossil fuel dependent countries, especially those in the MENA region prone to conflict. The Economic Resilience Layer (Layer Four). The conclusion of an essay may be the toughest section to write. Therefore, it can be said that Palestine, as an occupied small country, has a very fragile and sensitive political, economical and social situation due to the Israeli occupation. (2011). This study will be designed to highlight one of the fiscal policies’ instruments and how it can be used in managing the Palestinian resources and maintaining the stability of the Palestinian economy. USA. ‘The Effect of Education on Economic Growth in Jordan: An Econometric Study (1976 ‘ 2007) “The Modified Version”. This is mostly attributed to their high credit rating, which may help in framing the attractiveness of investing in renewable energy, and a high GDP Per Capita. Download the full version above. Economics and Finance Review, Vol. K: capital. The Ten Principles of Economics offer an overview of how people make decisions, interact with each other and how the economy works as a whole. Find your group chat here >> start new discussion reply. These four types will form the independent variables of the second model. Essay Sauce is the free student essay website for college and university students. The dynamic panel data method, the generalized method of moments (GMM) and the Sargan test were conducted. Osnabrueck University. It is possible that new data, indicators and/or different methodological techniques could be needed to better capture the layers presented in the monitor. The Scope and Limitations of the Study: This study will be analyzing the impact of government expenditures as a total and its components on the economic growth in Palestine (1996-2012). The main underlying factors for this degree of vulnerability are the levels of political and socio-demographic instability, and insecurity observable in the region, implying the inability of these countries to withstand, or deal with such challenges. This chapter will first draw conclusions on the monitor itself, then on the uses of the monitor. Analyze impacts of economics on planetary security in an integrated way by looking at economic vulnerabilities and resilience factors alike and by integrating analysis of economic with non-economic conflict factors. This feeds into the need for comprehensive and balanced policies. The website is funded by adverts which cover the cost of our hosting and domain renewal. EssaySauce.com is a completely free resource for students. Accessed on December 20, 2013 from: http://www.iew.uni-osnabrueck.de/WP_91.pdf, Yu, B., Fan, S., Saurkar, A. On bottom ↓ World development indicators ( World Bank, 2006 ) were used to estimate the specified.... 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John Murray, Albemarle Street, London moreover, other tests will be allocated in more! Above text is only a preview of this essay high dependency on export of fuels. Development to be achieved ( Desmond, N., Titus, O., Odiche, N. ( 2012.!