THE IMPACT OF REMITTANCES ON ALBANIAN GDP AND HOUSHOLD INCOME LEVEL Besije Manushi Epoka University‚ Master of Science in Banking and Finance Address: Tirana‚ Albania Email: bmanushi07@epoka.edu.al Abstract After the fall of communist regime or from the beginning of the 1990’s‚ Albania is one of the countries with the large number of emigrants‚ and it is one of the country that mostly receives remittances which are funds received from migrants working abroad. The aim of this paper is to
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convenient way for measuring the standard of living between countries‚ it still has its limitations. Firstly‚ as national income statistics are calculated from millions of different returns to the government‚ inevitably mistakes are made. For example‚ returns may be inaccurate or simply not completed. This makes the data incorrect‚ hence hindering people to analyze the living standard of a country accurately. Secondly‚ National income does not record the output produced by “hidden economy”
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GDP Imperfections – What Are They? o GDP per head ignores environmental degradation and other exhaustible resource consumption. Since it’s called as a ‘sustainable consumption’ measure‚ it’s incorrect because in any case‚ sustainable consumption per head is not the same as wellbeing. It is NOT wellbeing. o High GDP means high level of government expenditure or consumption which also initiate low level of saving. Low level of saving and/or high population growth condemn a country to a low
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How resale of items impacts GDP The textbook defines Gross domestic product (GDP) as “The market value of all final goods and services produced within a country during a specific period” (Gwartney pg. 131). GDP is a tool to measure a country’s economic growth. The term re-sale is defined as “The act of selling something that you have bought” (Merriam-Webster). The resale of items are not included in the GDP because they do not involve current production‚ they were already counted in the GDP during
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market and saving rate on GDP growth. The result indicates that the lagged values of both stock index and saving rate don’t have influence on the current value of GDP. However‚ we find that the lagged value of stock index does have impact on saving rate. We conclude that one of the most important reason lead to this result should due to small sample size and data of saving rate still remains non-stationary under the condition of I(1). Key words: vector autoregressive‚ GDP‚ stationary‚ saving rate
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The relationship between Life Expectancy at birth and GDP per capita (PPP) Candidate: Teacher: Candidate number: Date of submission: Word Count: 2907 Section 1: Introduction In a given country‚ Life Expectancy at birth is the expected number of years of life from birth. Gross domestic product per capita is defined as the market value of all final goods and services produced within a country in one year‚ divided by the size of the population of that country. The main objective
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To determine the impact of economic growth or GDP in the Sri Lanka‚ a simple econometric framework was adopted by Abaid (2013)‚ where in his study the function model which he derived from production function framework: Where: Y denotes the estimated output level of the Gross Domestic Product (GDP) per capita growth. The L denotes the amount of labor force of the country and the K denotes the domestically financed capital stock-proxied bt the Gross Capital Formation (GCF). A constant technology
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The articles are talking about Inflation and the effects of it on the GDP of the United States compared to China. The first article is called “Catching the Eagle”. In December 2010‚ the Economist introduced a chart that made prediction of when China’s economy will overtake America’s economy. When the chart was first introduced in 2010‚ the Economist included a set of default assumptions for the decade ahead. They assumed that growth would average 7.75% in China over the subsequent ten years and 2
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The 60’s and 70’s brought a huge counterculture and with it came a completely different experience to the youth. Teenagers opposed society and the war. They cared little for middle class values and institutions. However‚ they embraced equality and a peaceful more natural lifestyle. Some of the same things could be said today‚ the only difference is that Vietnam is now the Middle East. Jimi Hendrix is electronic dance music and unfortunately there are still battles over equality and women’s rights
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Discuss how the strategic behaviour of BPL would be affected by changes in GDP Gross Domestic Product (GDP) is a measure of the country’s national income and it is calculated by aggregating the income of the total population resident in the UK over a period of time. Fig.2 provides data on the percentage rise or fall of GDP for each quarter of the year from 2006 to 2010. During the first two years of the time series there is positive growth‚ which means that the UK economy was expanding and
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