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Articles 31 - 60 of 488
Full-Text Articles in Economics
The Administration’S Objective To Reduce The Fiscal Deficit To 3% Of Gdp By 2028: Why And How?, Jesus Felipe
The Administration’S Objective To Reduce The Fiscal Deficit To 3% Of Gdp By 2028: Why And How?, Jesus Felipe
Angelo King Institute for Economic and Business Studies (AKI)
A few weeks ago, the author attended a presentation on the Philippine economy and prospects for 2023. A discussant from the Department of Finance indicated that the Administration aims at reducing the fiscal deficit from 8.6 percent of gross domestic product in 2021 (the result of the COVID pandemic) to 3 percent by 2028. She referred to this reduction as “solid fiscal management” that “will promote long-term growth". This article argues that this is a dubious target because the government cannot control the deficit. Moreover, claiming that this reduction will promote long-term growth is poor economics. So is the idea …
The Economic Ferocity Of Policy, Giana Depaul
The Economic Ferocity Of Policy, Giana Depaul
Helm's School of Government Conference - 2021-2024
Each day, as the Dow Jones rises and falls, Congress similarly passes and fails legislation. These two seemingly continuous cycles intersect to the point that the two structures appear affixed. For centuries, this has posed an age-old question: is it policy that influences the economic system or is it the economic system itself that molds policy decision-making? Renowned economist Adam Smith is famous for his works detailing the autonomous nature of the economic system. Smith views policy as only a small roadblock in the master strategy of the economic flow of life. The Great Depression and the 2008 Recession, however, …
Reviving Agricultural Growth : Part - Vi, Ishrat Husain Dr.
Reviving Agricultural Growth : Part - Vi, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Pakistan will have to develop a unified market linking the farms to retail outlets covering the full supply chain particularly in high-value commodities. Corporate investment and competition in on-farm storage, refrigerated vans and specialized trucks, silos and warehouses, wholesale distribution channels supplying to the processors, and opening up the highly inefficient and regulated marketing will eliminate the excessive rents earned by those involved in the present arrangements. This ‘unearned’ premium under a reconfigured modern value chain bolstered by competitive forces will then accrue to the farmers and the consumers while acting as a restraint on food inflation.
Vietnam’S Gdp: Re-Assessing Growth Rate And Identifying An Alternative Indicator, My Linh D. Nguyen
Vietnam’S Gdp: Re-Assessing Growth Rate And Identifying An Alternative Indicator, My Linh D. Nguyen
Honors Theses
Since the economic reform known as Doi Moi (Renovation) in 1986, Vietnam has changed from one of the world’s poorest to a middle-income country in one generation (USAID, 2022). The country has consistently registered high and stable economic growth since the reform, averaging 6.3% from 1985 to 2021 (World Bank, 2022). High growth rate of gross domestic product (GDP) is good news, but it has also raised questions that go both ways. On one side, there is much speculation that the government of Vietnam has manipulated economic statistics, compared to the case of China and India. As quoted in Kinh …
Reviving Agricultural Growth : Part - V, Ishrat Husain Dr.
Reviving Agricultural Growth : Part - V, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Mechanization, technology and advisory services: one of the major constraints facing small holders is the lack of resources and knowledge about modern practices to adapt techniques of production using mechanization. The intensity of the use of machinery and implements by large farmers is one of the factors responsible for the wide differential in the productivity attained on their farms compared to that on small farms. A number of agritech companies have sprung up in the country but they are also mostly catering to the well-to-do and educated farmers, thus causing anxiety that this will further widen the productivity gap.
Reviving Agricultural Growth : Part - Iv, Ishrat Husain Dr.
Reviving Agricultural Growth : Part - Iv, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Import substitution and export promotion: agro-based exports (food, textile, leather groups) fetch 75-80 per cent of total earnings but the direct exports of agricultural commodities are limited to only $5 billion, dominated mainly by rice. On the other hand, food and agricultural imports have risen to $10 billion creating a deficit on food and agriculture trade balance of $5 billion annually. One of the main reasons is that cotton imports have become a consistent feature for the last several years as domestic production has taken a dive drastically since Bt cotton has been introduced through theft, plagiarism and without safeguards. …
Reviving Agricultural Growth : Part - Ii, Ishrat Husain Dr.
Reviving Agricultural Growth : Part - Ii, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
The question we have to address is: what can be done to boost the productivity of 88 per cent of the farms that own less than 12.5 acres of land and cultivate 45 per cent of total farm area. The highest yields achieved per acre on farms of progressive large farmers (more than 50 acres) is nine times that of small farms and four times that of medium farmers (12.5–50 acres). This gap between potential and actual productivity is to be reduced in order to raise the national average yield of crops and livestock.
The Economics Of Mass Incarceration: How Imprisonment Due To Drug Offenses Impacts The Economy Of Texas, Leah N. Letterhos
The Economics Of Mass Incarceration: How Imprisonment Due To Drug Offenses Impacts The Economy Of Texas, Leah N. Letterhos
Senior Theses
I begin by addressing drug use and how it impacts individuals’ economic outcomes, through psychological substance abuse disorders, income, and employment, where I discuss how each factor is impacted by drug use. Next, I undergo the same process for how incarceration and how it affects economic outcomes of individuals, through the debt cycle, the drain of household resources, limited/lack of pay while in prison, and difficulty in finding employment after release from prison. I follow this by connecting incarceration to drug use by writing about the background on the United States’ incarceration rates and link to drug enforcement and systemic …
Reviving Agricultural Growth : Part – I, Ishrat Husain Dr.
Reviving Agricultural Growth : Part – I, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Agriculture forms the backbone of Pakistan’s economy as it provides livelihoods to almost two-thirds of the population, food, water, energy security to the country, and three-fourth of export earnings. The industrial and services sectors are dependent upon it for their sustenance. However, a country endowed with one of the largest contiguous irrigated areas (43 m acres) and vast reservoir of underground water in the world cultivating about 21 million hectares of land has not only been able to fully exploit this rich potential but in fact is facing stagnation over the last two decades. Estimates show that the value of …
Pakistan's Economy Under Musharraf, Ishrat Husain Dr.
Pakistan's Economy Under Musharraf, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Economic achievements in most difficult circumstances during President Musharraf‘s regime are dismissed outright, because of abhorrence of the military rule, imposition of the emergency in 2007, his decision to join the US in Afghanistan war, open tussle with the judiciary, withdrawal of corruption cases against the politicians, and his quest to get elected in uniform. This article is an attempt to provide a first-hand data-driven account of the economic record of the period 2000-2008. Pakistan suffered serious setbacks in the 1990s in terms of most economic and social indicators. Economic growth rates decelerated, inflation rose to peak rates, debt burden …
The ‘Awam’ And Reform, Ishrat Husain Dr.
The ‘Awam’ And Reform, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Pakistan’s economic situation requires fresh thinking and a clear approach. The blame game where each incoming government passes the buck to its predecessor has reached saturation level. People expect the incumbents to show them the path of relief to resolve their present difficulties, particularly inflation. All governments are scared of taking tough, but necessary decisions, for fear of alienating the awam (public), attacks by the opposition parties and media, and erosion of their political capital. Let’s see how this fear is misplaced.
Fixing The Taxation System - Part Iv, Ishrat Husain Dr.
Fixing The Taxation System - Part Iv, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Among many compelling reasons for further devolution to the third tier is that citizens in a local jurisdiction are found to pay more taxes as they see that these are being used for their access to basic public services. Under a centralized system they consider it disappearing into a black box and they don’t see any perceptible benefits for themselves or the areas they live in. The quantum of revenues can rise significantly if taxes such as agriculture income tax and urban property tax are devolved to local governments. The metropolitan corporations of Karachi, Islamabad, Lahore and many others would …
Fixing The Taxation System - Part Iii, Ishrat Husain Dr.
Fixing The Taxation System - Part Iii, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
One of the pernicious side-effects of a large dose of the federal divisible tax pool injected into the provincial finances is that the provinces have become slack in mobilizing their own revenues. The provinces contribute only one per cent of GDP to national taxes. Indian state governments contribute 35 per cent to the total tax revenues or 6-7 per cent of GDP. Provinces in Pakistan together spend 40 per cent of the total consolidated expenditures while raising only 10 per cent of total national tax revenues. When flushed with such windfall liquidity, political will, and bureaucratic effort to tap GST …
Part 3: Virginia Is For Veterans, Dragas Center For Economic Analysis And Policy, Old Dominion University
Part 3: Virginia Is For Veterans, Dragas Center For Economic Analysis And Policy, Old Dominion University
State of the Commonwealth Reports
Approximately 1 in 10 Virginian adults ages 18 years and older was a veteran of military service in 2021. The Commonwealth only ranked behind Alaska in the proportion of adults who identified as a veteran of military service in 2021. Virginia ranked first for the share of veterans in the adult population among states with populations greater than 1 million in 2021. Military veterans in Virginia, on average, are more educated than their civilian counterparts and have higher household incomes. The presence of military veterans and retirees not only provides talents to employers, but also generates billions of dollars of …
Fixing The Taxation System - Part Ii, Ishrat Husain Dr.
Fixing The Taxation System - Part Ii, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Studies on sectoral incidence show that industry bears more than two-thirds of the tax, while the services sector bears about 21 per cent and agriculture 3.0 per cent. In the services sector, transportation and trade together account for one-third of GDP. The wholesale and retail trade sector contributes 18 per cent to GDP but pays only 2.9 per cent in income tax. The potential realizable gap in this sector is 0.5 per cent of GDP. Except for a few companies, the transport subsector is dominated by small- and medium-size operators. Only air and shipping companies yield some revenues. Similarly, out …
Fixing The Taxation System - Part I, Ishrat Husain Dr.
Fixing The Taxation System - Part I, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Very few people outside the economics profession realize that fiscal (government revenue and expenditure) and current accounts (inflows and outflows of foreign exchange) are closely interlinked. A current account is an accounting identity which shows the difference between a country’s national savings and domestic investments. China is a current account surplus country because its national savings are higher than its investment needs and is therefore a capital exporting nation that is financing the current account deficit of the US. Pakistan, except for three years – 2003, 2004 and 2005 – has been a current account deficit country. Since significant foreign …
Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman
Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman
The Downtown Review: An Interdisciplinary Journal Written and Peer-Reviewed by Mandel Honors College Students at Cleveland State University
Under financial capitalism, ordinary people are increasingly becoming 'unwilling gamblers' of a risky and unstable system. This paper explores the social and institutional change behind the neoliberal movement and considers how the politics and policies of neoliberalism have contributed to a certain environment of financial instability. Looking at the changing nature of the economy, the rapid expansion of the financial sector, and the persisting issue of moral hazard underlying risky and speculative behaviors among other items, reveals a financial system in which recessions and crises can be considered a natural, although not inevitable, effect.
The Future Of Our Economy - Part I, Ishrat Husain Dr.
The Future Of Our Economy - Part I, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
The future of any economy is closely linked with its present and the past. Pakistan’s economic past has gone through different phases with impressive growth and poverty reduction in the 1960s, 1980s, 2000-2007 and 2014-16, and 2020-22. The immediate precarious situation where both consumer and business confidence are at the lowest ebb, international ratings and market sentiment are negative and foreign exchange constraints are binding, if projected into the future and discounting the past, may result in an extremely dismal outlook. Should the present assumptions be carried forward as they are? Would these circumstances – both external and internal – …
Sindh: Floods And Rural Economy ‐ Part Iii, Ishrat Husain Dr.
Sindh: Floods And Rural Economy ‐ Part Iii, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
What needs to be done? One of the main reasons for the flooding due to torrential rains this time around rather – than the river levels rising –was that the national waterways have been encroached, the capacity of drainage system such as LBOD was limited and outlets to traditional drains leading to the sea were not functional, desilting of canals had not taken place and repair and maintenance of bund embankments were neglected. A World Bank-SIDA study of 2013 had identified projects to be executed for an integrated drainage system. The works worth Rs42 billion have been delayed for the …
Sindh: Floods And Rural Economy - Part 2, Ishrat Husain Dr.
Sindh: Floods And Rural Economy - Part 2, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
On top of the adverse global and national developments in a post-pandemic world, Sindh and Balochistan got severely hit by extraordinary torrential rains in a short interval of time. During this time, the average rainfall received was 1100 mm — five times the normal. According to the Sindh chief minister, flooding from Balochistan amounted to 120 maf of flood water equivalent to the capacity of multiple Tarbela Dams. The dysfunctional or nonexistent drainage system contributed to the miseries of the people as large swathes of land on both the left and right bank are still inundated. The upcoming wheat cultivation …
Sindh: Floods And Rural Economy ‐ Part I, Ishrat Husain Dr.
Sindh: Floods And Rural Economy ‐ Part I, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Sindh has a population of around 50 million. There is an equal division – 52 per cent live in urban areas while 48 per cent in rural areas and around 38 per cent of them derive their livelihoods from agriculture, livestock, forestry and fishing. The organized manufacturing sector and services have little presence in the rural areas and much of what exists primarily caters to the needs of the rural population. The agriculture sector, which is the main driver of the rural economy, has not performed well because of inequitable land distribution and poor resource management particularly that of water …
State Capitalism’S Inability To Alter The Global Power Structure, Michael R. Woods
State Capitalism’S Inability To Alter The Global Power Structure, Michael R. Woods
Student Publications
In the modern day, many nations have instituted State Capitalist policies to grow their economies and increase their international influence. To evaluate the efficacy of this strategy, this paper analyzes the historical impacts of State Capitalism, as well as its effects upon economic concepts, including competition and innovation. This work also analyzes the ways in which State Capitalist policies have negatively impacted the international reputations of nations such as Russia and China and explores the specific national characteristics and circumstances that are required to truly alter the global power structure. Ultimately, the work concludes that state capitalism is unlikely to …
India’S Economy At 75 : Part Iii, Ishrat Husain Dr.
India’S Economy At 75 : Part Iii, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Despite impressive achievements since 1991, India is facing several major challenges. A major problem is absorbing its youth in a productive labour force and finding gainful employment for them. Half of its population is under the age of 25. Only 35 per cent of the working age population has a job while 12 million new entrants would enter the labour force every year. The past record in labour absorption, despite impressive economic growth, has not been stellar. The great divide between the organized and unorganized parts of the economy is growing. Ninety per cent of the jobs are in the …
India’S Economy At 75 : Part Ii, Ishrat Husain Dr.
India’S Economy At 75 : Part Ii, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
India’s success factors may be many but three salient features need emphasis. First, Indian entrepreneurs are dynamic, vibrant and innovative. They even used the socialist economy regime of control and license raj for ‘learning by doing’. Just to give an example, India had a ramshackle automobile industry dominated by two outdated models until the 1990s. The suppliers, engineers, vendors, parts manufacturers did acquire the techniques of supply chain management, production and distribution under most adverse circumstances. When the economy did open up in the post-1991 period and the private sector allowed to set up manufacturing industries without prior approvals, among …
In A Gig Economy, Do People Work More When Wages Rise?, Singapore Management University
In A Gig Economy, Do People Work More When Wages Rise?, Singapore Management University
Perspectives@SMU
Study finds that when wages go up, how the supply of labour changes can depend on how the change in pay is communicated
India’S Economy At 75 : Part I, Ishrat Husain Dr.
India’S Economy At 75 : Part I, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
India was considered by its colonial rulers as the brightest jewel in the British crown as it was relatively well-endowed in terms of natural and human resources, physical infrastructure, and entrepreneurship. India’s social and economic indicators at the time of independence were similar to those in the countries of Southeast Asia and China in terms of level of poverty, illiteracy, and health status. When independence was achieved, continuity with the past was least disrupted as the majority of the experienced civil servants who administered British India opted to serve the newly independent country. Another advantage was that the political party …
Seventy-Five Years Of Pakistan’S Economy, Ishrat Husain Dr.
Seventy-Five Years Of Pakistan’S Economy, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
A large majority of Pakistan’s population was born after the country got its independence. The median age today is 23 years and the youth have only experienced economic difficulties and hardships in their lifetime. They are hardly aware of the glory days of Pakistan. Despite the many articles that have appeared on this subject, it is essential to make them aware of the historical context in which they are today leading their lives. At the time of independence, the prospects of the economic survival of a ramped Pakistan appeared quite dim as it inherited an extremely weak and fragile economy. …
Repairing Provincial Finance, Ishrat Husain Dr.
Repairing Provincial Finance, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Most of the discussion and discourse on public finances has remained focused on the federal government and FBR. The analysis of provincial finances has been sketchy and shallow, although it should occupy a salient place in the aftermath of the 18th Amendment and 7th National Finance Commission Award. It has been a decade now since the provincial governments have enjoyed both administrative, legal, and political autonomy and a large dose of injection of financial resources out of the divisible tax pool.
The Outdoor Recreation Economy In The Mountain West, 2020, Miguel Soriano Ralston, Joshua Padilla, Peter Grema, Caitlin J. Saladino, William E. Brown Jr.
The Outdoor Recreation Economy In The Mountain West, 2020, Miguel Soriano Ralston, Joshua Padilla, Peter Grema, Caitlin J. Saladino, William E. Brown Jr.
Economic Development & Workforce
This fact sheet provides select data from the State Outdoor Recreation Satellite Account (ORSA) at the Bureau of Economic Analysis (BEA) on the 2020 outdoor recreation economy in the Mountain West region, including Nevada, Utah, Arizona, New Mexico, and Colorado.
How To Break A Vicious Cycle : Part – Ii, Ishrat Husain Dr.
How To Break A Vicious Cycle : Part – Ii, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
It goes without saying that political stability is the sine qua non for any sustained effort to achieve rapid and inclusive growth. The main drivers of such growth would be small farm agriculture, SMEs and microenterprises, construction and low-cost housing, tourism, IT and IT enabled services, diversification and value addition in exports. Thus, the agenda proposed for the short, medium and long term should have a continuous chain, linking and consolidating the gains from these sectors and stimulating inter-sectoral synergetic impulses over time. Continuity of these policies beyond the electoral cycle is an absolute must. There are multiple pathways to …