In time series data which indicates that increasing income inequality is likely to spur higher levels of GDP, For example, Shahbaz,( 2010) employed a time series data on Pakistan for the period 1971-2005, Using ARDL bound test approach, to determine the relationship between income inequality and economic growth in Pakistan. The results show that income […]
Relationship Between Real GDP Per Capita, Inflation Rate, Unemployment Rate and Urbanization Introduction Economic growth of a country id influenced by various factors such as inflation, urbanization and unemployment. These factors can also influence economic income of a country. The relationship between inflation and real GDP per capita is one of the most widely researched […]
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Let an Expert Do ItIn order to participate in a nation’s economy, money is required for consumers to purchase goods and services offered. Most consumers earn money through employment, and the number of individuals in a nation that are employed has been an important measure of economic stability (Boone, Berston, & Kurtz, 2016). The gross domestic product (GDP) is […]
Recently, globalization has played an important role in the national market economy of each country. It not only enhances economic integration, but it also motivates trade liberalization. However, there still exist many debates regarding the “side effects” of globalization toward the development of any country. Therefore, globalization is a controversial issue that always receives significant […]
Introduction The minimum wage is the lowest pay that an employer can legally compensate workers and goes beyond employer-employee collective agreements and individual contracts. In the United States, the federal government has a prescribed minimum wage, and state administrations also have their wage policies which may differ with that of the central government. The wage […]
In this part, we continue to briefly summarize our empirical analyses based on the ARDL model techniques adopted. The findings of this study are summarized below:- First, the objectives of the study are analysis by using cointegration analysis tests and ARDL bound test on the national level data covering the period of 2004-2016. The first […]
Institutional qualities are the major determinant of every country aspiring to have good governance such as; voice and accountability, regulatory control, control of corruption, government effectiveness, rule of law and political stability. This study will focus on the rule of law and political stability as a proxy for good governance. Good governance of a nation […]
“Freedom is the open window through which pours the sunlight of the human spirit and human dignity” (Herbert Hoover). In the 1920’s, America turned away from worldly concerns, and began concentrating on domestic affairs. Some might refer to this period in America as the Decade of Optimism. It ushered in many forward thinkers, innovators, innovations […]
One of the reasons the rich get richer, and the poor get poorer, is because of the lack of not knowing and ignorance hindering half the world, allowing the cycle of poverty to continue. Poverty trap is as a spiraling mechanism, that forces people to remain poor binding many to no hope of escaping. The […]
Compared to other developing countries in Latin America, Chile’s political and economic development is distinctive. The country is one of the democratic exceptions, owing to its relatively poor and small population at the time of Spanish colonial rule. The indigenous population is rather small as well and the country has a high degree of ethnic […]
Research over the years has shown that unemployment rates and Gross Domestic Product (GDP) figures go hand in hand. This paper aims to define and discuss GDP, and its relation to economic growth. Additionally, the paper will discuss how the use of fiscal or monetary policies can effectively battle recession and aid in the growth […]
Industrialization represented only one form of the radical disorientation but sense of acceleration that Europeans experienced during the year 1820-45. (The West: A New History by Grafton and bell, page:603.) Industrialization means development in factories, from small scale to large scale and with infrastructure factories. It is a process from primary agriculture to textile manufacturing […]
America’s role in foreign affairs underwent significant changes from 1865-1920. Prior to this period, Americans were generally indifferent to and minimally involved in foreign affairs. America was primarily focused on domestic issues such as the Civil War, industrialization, and settlement of the west. However, this changed after 1865, the end of the Civil War, for […]
The Great Gatsby, by F. Scott Fitzgerald, was published in 1925 as a novel that attempts to describe that time period of society in America. The book provides an idea of frenzied society during post-war commonly referred to as the Jazz Age. Today, it offers the readers with a portal in which they can reflect […]
There are over 56.5 million Hispanic living in United States, data as of 2015 that equivalents to 17.6% of total U.S. population. Among them 11.7 are living without legal documents and are considered “illegal immigrants.” These are people from different Spanish speaking countries like Guatemala, Mexico, Honduras, etc. Why do these people leave their house […]
Industrial Revolutions are seen as positive advancements, which can lead to furthering economic growth in a nation. Although, industrial revolutions can bring numerous positive outcomes, it can also bring many negative outcomes to the developing country that is going through an industrial change. Throughout history, there has been more than one industrial revolution that has […]
Tata Motors Limited located in India and in different countries all over the world. where economic growth has started for decades. Still, there are some challenges that can affect the growth rate in all respect. Like GDP; growth; business cycle; inflation; unemployment; political stability; trade balance. Real GDP or Gross Domestic Product (GDP) at constant […]
Unemployment rate is equivalent to the economically active group of people that is unemployed and more so looking for jobs. During the precolonial era, Zimbabwe had one of the strongest economies in Africa and at one point dubbed the “Bread basket of Africa”. The British colonized Zimbabwe and therefore in the process; managed to bring […]
Introduction Colonialism has great impact on political and economics of African states. Post independent African states are western model. African states have copied the centralized and authoritarian systems of administration of their colonial masters. All African states have political systems characterized by ethnic exclusions and marginalization. Although mult-party systems have emerged, opposition operates under restriction […]
Over the past few decades, the world economy has expanded rapidly under the influence of neoliberalism. However, neoliberalism is controversial, some people hold a positive attitude towards it, while others hold a negative attitude. Not all developed and developing countries will benefit from the new liberal process. Over time, more and more problems have surfaced […]
Globalization is a word that has multiple meanings and perspectives. As we know, it is the process through which the world stimulates into a unified network. Globalization is the most important trend of global development. Hundreds of philosophers and social observers have taken sides for many years, either supporting or opposing the standard dimension of […]
Artificial intelligence onward referred to as AI in this document is an innovation that has allowed today’s generation to be witnesses to the makings of history. Though AI has been an advancement that has been in the overall market for over 50 years, progress and adaptation within this sector has only recently been seen. As […]
Economic inequality is a global phenomenon and unfortunately, it is rising despite many initiatives and policy formulations (Atkinson, A.B. 2015). Women persistently remain underrepresented in the global formal economy (The Global Gender Gap Report, 2017). However, what’s even more unfortunate is that women remain a common group among all categories when it comes to economic […]
Today’s world economy is constantly shifting, changing, and adapting. With the increased interconnectedness of markets and communication, effectively every current industry looks remarkably distinct from what they looked like a hundred years ago. The distribution of these changes, however, are not uniform, and agricultural industries in particular see this imbalance. Globalization and technological advances may […]
Research says threats of natural disasters may continue to rise due to the increase in the average temperature of the water in oceans (Tennyson & Diala, 2016). Weather events will be intense and frequent due to global warming. This will result in rising sea levels and other environmental changes. According to Tennyson and Diala, disaster […]
Abstract: The recent economic expansion along with the population growth experienced in developing countries has had a big impact on the development of large cities like Delhi, India. Accompanied by Delhi’s rapid spatial growth over the last 25 years, urban sprawl has been contributing to increased travel. The vehicle fleet projected at current growth rates […]
The Industrial Era was a time in which American transformed into a modern, urban and industrial nation. The growth of the economy encouraged the industry. The rural and farm life of the nation was taken over by the industry and urbanization. The development of cities involved advancements in technology and an increase in diversity within […]
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