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The present study is designed to examine the relationship between wage inequalities and economic prosperity in the case of Pakistan. Using provincial-level data for the years 2000 to 2020, the study estimated a multivariate regression model by employing Auto Regressive Distributive Lag (ARDL) pooled mean group (PMG) technique. The results reveal that wage inequality, government development spending, labor force participation, and human development significantly affect economic prosperity. It is concluded that gender disparity in the labor market is the main hurdle in the economic wellbeing of the masses in the country. Reducing the differences in wages will enhance overall economic prosperity. The government and private sector should take collaborative measures to reduce wage disparities between the male and female workforce. The study also suggests that government should increase development expenditure, especially on health, education, and social infrastructure, to increase economic prosperity.

The main purpose of this study is to model and measure the impact of development and non-development expenditure on the carbon dioxide emissions (per capita metric tons) in India over 1980–2018. The Asymmetric ARDL approach (NARDL), an advanced econometric technique, was applied to examine the nexus between CO2 emissions, development and non-development expenditure, national income, energy consumption and population. The short-run and long-run results establish a statistically significant relationship between carbon emissions and the explanatory variables. The long-run asymmetrical results indicate that energy consumption and national income growth pollute the environment. However, we did not find any significant long-run impact of population on pollution levels in India. Furthermore, the results reveal that increase in development expenditure leads to environmental degradation and non-development expenditure mitigates pollution. No evidence of the applicability of EKC was found in India. The authors conclude that a reasonable method of tackling the threat of environmental degradation is to remove distortions in public expenditure policy. We recommend the government to phase out fiscal benefits to pollution-prone economic activities and thus spend the money saved on pollution abatement efforts. [ABSTRACT FROM AUTHOR]

The present study is designed to examine the relationship between wage inequalities and economic prosperity in the case of Pakistan. Using provincial-level data for the years 2000 to 2020, the study estimated a multivariate regression model by employing Auto Regressive Distributive Lag (ARDL) pooled mean group (PMG) technique. The results reveal that wage inequality, government development spending, labor force participation, and human development significantly affect economic prosperity. It is concluded that gender disparity in the labor market is the main hurdle in the economic wellbeing of the masses in the country. Reducing the differences in wages will enhance overall economic prosperity. The government and private sector should take collaborative measures to reduce wage disparities between the male and female workforce. The study also suggests that government should increase development expenditure, especially on health, education, and social infrastructure, to increase economic prosperity. [ABSTRACT FROM AUTHOR]

Environmental sustainability has become a very important concept with the increase of pollution of various types in the environment and governments are taking various steps to sustain the environment of their countries. In the similar context, the researcher intends to conduct this study with the aim that the impact of debt servicing, development expenditure and social investment on environmental sustainability in ASEAN countries can be analyzed effectively. In this regard, the researcher has collected data from ASEAN countries i.e. Brunei, Cambodia, Indonesia, Laos, Thailand and Philippines for 30 years. With the aim to ensure the reliability and accuracy of data and the results, the researcher has obtained the secondary data from the sources such as World Bank Development Indicators and Global Economy. Various approaches have been used to analyze this data. These approaches include cross sectional dependence test, panel unit root test, panel cointegration test and Kónya Panel Casualty test. The results obtained from the analysis indicated that all the independent variables i.e. debt servicing, development expenditure and social investment have significant impact on the environmental sustainability of ASEAN countries. Furthermore, casual relationships have also been identified among various variables of the study. The implications, limitations and future research indications have been discussed by the researcher in the last of the study. [ABSTRACT FROM AUTHOR]

The development of technology in recent decades has forced the transition from the industrialized society, where the main role was occupied by tangible assets, to an information society, where the essential place is played by intangible assets. These are assets that can not be touched or felt, but are very important to produce wealth and to maintain competitiveness. Within these, development expenditure occupies an important place because it influences the analysis of an entity and its future. The accounting practices applicable to development expenditure are based on theoretical fundamentals and ambiguous typologies. The purpose of the article is to present the controversies about recognizing and evaluating development expenditure. Although development expenditure involves large initial investments, it generates, on medium and long term, significant savings. Depending on the purpose for which it is carried out, research and development expenditure can in time generate identifiable intangible assets but also intangible unidentifiable assets. An optimistic attitude regarding the chances of success of a development project will lead to the capitalization of development expenditure. Capitalizing development expenditures, the usefulness of financial statements is increased, which is generally measured in the ability to explain stock prices through earnings and accounting values.

This study investigates the relationship between natural resource rents, human development and economic growth in Sudan using co-integration and vector error correction modelling (VECM) over the period 1970–2015. Institutions proved to play a role in determining a difference in whether a country is cured or blessed by resource abundance. In the case of Sudan, no time series data is available on institutional quality and is therefore excluded from the analysis. The role of institutions and macroeconomic policies is captured by other variables included in the empirical model. Co-integration tests confirm the existence of a long run equilibrium relationship between resource rents, human development and economic growth in Sudan. Empirical evidence from the estimated VECM shows that economic growth is positively affected by resource rents and development expenditure but surprisingly negatively affected by life expectancy at birth in the short run. In the long run, resource rents, school enrolment, life expectancy and financial development have negative significant effects on economic growth. Only development expenditure is found to affect economic growth positively. Resource rents are found to weaken education and health levels and this is indirectly channeled into negative effects of resource rents on economic growth. These results suggest that the government has been neglecting investments to build up human capital necessary for inclusive growth. Long run Granger causality tests show a unidirectional causal relationship running from resource rents to GDP growth as well as from development expenditure to GDP growth. School enrollment, life expectancy and financial development are found to be negatively Granger causing GDP growth. Long run causal relationships reconfirm that a resource curse exists indirectly mediated by weak human capital. The study recommends that the government should manage natural resource rents with a policy framework supporting creation of a virtuous economic circle between human development and economic growth. If pursued, this would promote sustained, inclusive and equitable growth in Sudan.

The development of technology in recent decades has forced the transition from the industrialized society, where the main role was occupied by tangible assets, to an information society, where the essential place is played by intangible assets. These are assets that can not be touched or felt, but are very important to produce wealth and to maintain competitiveness. Within these, development expenditure occupies an important place because it influences the analysis of an entity and its future. The accounting practices applicable to development expenditure are based on theoretical fundamentals and ambiguous typologies. The purpose of the article is to present the controversies about recognizing and evaluating development expenditure. Although development expenditure involves large initial investments, it generates, on medium and long term, significant savings. Depending on the purpose for which it is carried out, research and development expenditure can in time generate identifiable intangible assets but also intangible unidentifiable assets. An optimistic attitude regarding the chances of success of a development project will lead to the capitalization of development expenditure. Capitalizing development expenditures, the usefulness of financial statements is increased, which is generally measured in the ability to explain stock prices through earnings and accounting values. [ABSTRACT FROM AUTHOR]

This study aims to identify and analyze: 1) the effect of household consumption, private investment, and development spending revenue to the regional economy, 2) the effect of private investment, construction spending, employment and regional economy on local income. This study is an exploration studies conducted throughout the Kabupaten/Kota is as much as 19 districts / cities in West Sumatra province. Years of the study period was 2005 to 2009 (5 years). The study found that: 1) household consumption, private investment, and development spending revenue simultaneously or partially significant effect on the regional economy regencies / cities in West Sumatra province. The higher the level of household consumption of a region, the allocation of development spending is high, the amount of private investment that invested in the area and the higher revenues will be able to improve the condition of the local economy. 2) Private investment, construction spending, employment and regional economy simultaneously and partially significant effect on revenue Kabupaten/Kota in West Sumatra province. A growing number of private parties to invest in the area, the size of the allocation of development funds for various public sector facilities, the more labor is absorbed by the sector of the economy will be able to increase local income. Penelitian ini bertujuan untuk mengetahui dan menganalisis: 1) Pengaruh konsumsi rumah tangga, investasi swasta, belanja pembangunan dan pendapatan asli daerah terhadap perekonomian daerah, 2) Pengaruh investasi swasta, belanja pembangunan, tenaga kerja dan perekonomian daerah terhadap pendapatan asli daerah.

Results of INA-Naftaplin's activity in replacement of oil and gas reserves are compared to those of western oil companies. The reserve replacement ratio for the 20-year period from 1975- 1994 is approximately 90%, but is averaged only 43% in the last 5 years when exploration results in all domestic area were poor. Exploration and development costs, which have also been analysed, indicate u higher cost per barrel discovered in the last 5-year period. Acquisition or reserves as a method of reserve replacement is still unknown in Croatia, but precisely this method should provide a solution to the current situation.Remaining oil reserves are to be found in old fields in their finaldevelopment phase and only selective introduction of new technologiesand EOR processes, as well as the lowering of production costs,can guarantee their rational production. Full introduction of the reserve management concept is a guarantee that such activity will proceed in a manner customary for western oil companies. Results achieved to date on concessions abroad in dicate considerably higher efficiency and lower oil costs, justifying our growing orientation towards exploration of foreign concessions.

Empirical evidence suggests that macroeconomic growth in India is not correlated with any substantial reductions in the prevalence of child undernutrition over time. This study investigates the two commonly hypothesized pathways through which macroeconomic growth is expected to reduce child undernutrition: (1) an increase in public developmental expenditure and (2) a reduction in aggregate income ‐ poverty levels. For the anthropometric data on children, we draw on the data from two cross ‐ sectional waves of National Family Health Survey conducted in 1992–1993 and 2005–2006, while the data for per capita net state domestic product and per capita public spending on developmental expenditure and headcount ratio of poverty were obtained from the Reserve Bank of India and the Government of India expert committee reports. We find that between 1992–1993 and 2005–2006, state ‐ level macroeconomic growth was not associated with any substantial increases in public development expenditure or substantial reductions in poverty at the aggregate level. Furthermore, the association between changes in public development expenditure or aggregate poverty and changes in undernutrition was small. In summary, it appears that the inability of macroeconomic growth to translate into reductions in child undernutrition in India is likely a consequence of the macroeconomic growth not translating into substantial investments in development expenditure that could matter for children's nutritional status and neither did it substantially improve incomes of the poor, a group where undernutrition is also the highest. The findings here build a case to advocate a ‘support ‐ led’ strategy for reducing undernutrition rather than simply relying on a ‘growth ‐ mediated’ strategy. Key messagesIncreases in macroeconomic growth have not been accompanied by substantial increases in public developmental spending or reduction in aggregate poverty headcount ratio in India.Association between increases in public development expenditure or poverty headcount ratios and changes in child undernutrition, in particular, child stunting, is small to null.Reducing the burden of undernutrition in India cannot be accomplished solely relying on a growth ‐ mediated strategy, and a concerted support ‐ led strategy is required. [ABSTRACT FROM AUTHOR]

This paper discusses how poor debt management combined with the policies of donor agencies (particularly the IMF) have brought on the present domestic and foreign debt crises. The paper presents a qualitative account of the debt in Pakistan and then analyzes the debt data using various debt burden indicators. After the analysis of the economic and social costs of debt overhang in Pakistan, it is found that net foreign resource flows to the private and public sectors tended to crowd out private and public savings respectively and that public savings is crowded out by resource flows from the private sector to the public sector. Finally, the results of the paper find that the resource allocation between development and non-development expenditure did not depend on whether government expenditure was financed by revenues or government borrowing and that more resources are directed towards development activity when government expenditure is financed by foreign resource flows rather than domestic resource flows [ABSTRACT FROM AUTHOR]

This paper makes an attempt to estimate the index of informal sector employment that can be attributed to the supply-push phenomenon. Factors explaining the inter-state variations in this index include the industrial-informal sector wage gap, revenue expenditure and development expenditure incurred by the government. Increased development expenditure brings a decline in distress-led informalization because education, health and infrastructure facilities tend to enhance the employability of an individual. However, education as such does not reduce the residual absorption in the informal sector unless there is improvement in quality. The paper also notes an increase in inequality with an increase in distress-led informalization. Adoption of labor intensive technology in the organized or formal industrial sector is indeed crucial for pro-poor growth. The other policy implication is in terms of enhanced investment in the areas of human capital formation and overall development of the region. [ABSTRACT FROM AUTHOR]

This study investigates the relationship between natural resource rents, human development and economic growth in Sudan using co-integration and vector error correction modelling (VECM) over the period 1970–2015. Institutions proved to play a role in determining a difference in whether a country is cured or blessed by resource abundance. In the case of Sudan, no time series data is available on institutional quality and is therefore excluded from the analysis. The role of institutions and macroeconomic policies is captured by other variables included in the empirical model. Co-integration tests confirm the existence of a long run equilibrium relationship between resource rents, human development and economic growth in Sudan. Empirical evidence from the estimated VECM shows that economic growth is positively affected by resource rents and development expenditure but surprisingly negatively affected by life expectancy at birth in the short run. In the long run, resource rents, school enrolment, life expectancy and financial development have negative significant effects on economic growth. Only development expenditure is found to affect economic growth positively. Resource rents are found to weaken education and health levels and this is indirectly channeled into negative effects of resource rents on economic growth. These results suggest that the government has been neglecting investments to build up human capital necessary for inclusive growth. Long run Granger causality tests show a unidirectional causal relationship running from resource rents to GDP growth as well as from development expenditure to GDP growth. School enrollment, life expectancy and financial development are found to be negatively Granger causing GDP growth. Long run causal relationships reconfirm that a resource curse exists indirectly mediated by weak human capital. The study recommends that the government should manage natural resource rents with a policy framework supporting creation of a virtuous economic circle between human development and economic growth. If pursued, this would promote sustained, inclusive and equitable growth in Sudan. [ABSTRACT FROM AUTHOR]