The paper has investigated the patterns of defence expenditure in the Baltic countries, such as Lithuania, Latvia and Estonia during the period of 2004-2018. Distribution of defence expenditure by main category has been analysed and the main tendencies have been provided. The author has done this by applying total expenditure and decomposition approaches. Firstly, the author has calculated the intensity rate of defence expenditure‘s structural changes in order to assess which country’s defence spending structure has been more dynamic over the period analysed. Secondly, Finger-Kreinin indicator has been used to compare defence expenditure distributions and determine their dissimilarities among the countries under consideration. The author believes that the research highlights key structural trends of defence expenditure and could be helpful for policy makers.
Economic growths are often used to measure the development of a country. Thus, the economic growth is what every economy tries to achieve for good of everyone as a whole. In the other hand education, health and employment are one the most important tool for the economy growth. Thailand as developing countries concern about the economy growth and done an investment in through it. The general objective of this paper is to examine the relationship between education, health, employment and economic growth in Thailand from 1988 to 2017. The econometric method is used to examine the relationship between education, health, employment and economic growth. Unit root test indicate that all of the above variables are I (1). Johensen’s test was conducted to see the long run relationship between these variables. Meanwhile the relationship is test by using Ordinary Least Square and the Granger Causality test. The relationship between education with the economic growth are examine by using the literacy rate as education proxy variable. The health variable is examining by using the infant mortality rate, life expectancy and crude death rate with the GDP and the employment are examine by using the total employment rate with the GDP. As conclusion the results shows the positive relationship between the three variables with the economic growth and suggestion to the Thailand economic to do more investments in this variable. The findings of this study can be used to generate concrete policy reform suggestion and also used as guideline or example for other developing countries.
The prime objective of the current study is to examine the influence of infrastructure of transportation on economic growth for various countries in ASEAN. This influence differs in terms of administrative status and quality of infrastructure across the counties. GDP has been used as an economic growth measure in terms of per worker along with various kinds of infrastructure of transportation for years 2002–2017. Therefore, a short model has been incorporated with capital stock of railways and roads. Two variables have been incorporated to differentiate rods with different covering and quality. In the next step, the administrative status of roads has been distinguished. The results have revealed difficulty in interpretation because of the problem of endogeneity and reverse causality. Therefore, the research model was modified by including the lag values of variables of infrastructure of transportation for getting robust estimates. The unit root test has been performed and first differences in model ere used to obtain stationary time series. It was found that GRP per worker is greatly influenced by overall roads stock. This is because of the use of such roads for large traffic load. The regional growth of economy is greatly influenced by the light covering roads rather than national roads of similar quality/covering. The influence of local government’s quality was controlled on development of economy. The turnout of voters was used as proxy variable for the local government’s quality. It was found that the influence of infrastructure of transportation stock in the areas (where government is of better quality) has not much influence on GRP per worker. Different kinds of infrastructure of transportation have been shown by this research being the drivers of growth of economy in. The administrative status and quality of covering roads creates an influence on the growth of economy. Based on the findings of study, the following recommendations have been made. There is need to develop national roads to improve the economic performance. Further, there is need to improve the quality of countries. However, the influence of infrastructure transportation is high where the government has low quality and overall capital stock influence is high where the government is of good quality (Crescenzi, Cataldo, & Rodríguez, 2016). In future, researches can be conducted by focusing on the influences of other variables of infrastructure including electricity lines, supply of water and for long time periods. The future studies can work on investigating the network effect of transportation infrastructure in ASEAN.
The general objective of this study is to estimate the relationship between electricity consumption, economic performance and the price of electricity in four sectors namely the industrial, commercial, mining and agricultural by using the panel data approach on leading ASEAN countries. The present study intends to contribute significantly to the existing literature by presenting a comprehensive approach of the issue of electricity consumption in Thailand. The information of electricity consumption in the industrial, commercial, agricultural and mining sectors is essential to understand the magnitude of the sectors’ sensitivity to change with respect to GDP and electricity price. Moreover, real electricity price is incorporated in this study to provide a more consistent result. The findings are important for researchers and academicians by providing a better knowledge of sectoral electricity demand to permit better regulatory decisions in order to facilitate economic efficiency. Apparently for the policy makers, it will be possible that the approach of this study could be useful as a guideline to facilitate the adoption of a more appropriate model for electricity demand management as well as restructuring the electricity sectors. Furthermore, the findings of this study will be helpful in the formulation of effective energy and pricing policies in order to encourage consumers towards the efficient use of energy for the future of sustainable energy and development.
The article presents the basic principles of access to health care from the perspective of economics. Accessibility to health care implies adequate health expenditures and is based on the principle of equity. Based on a statistical analysis of international survey data, the article provides a comparative assessment of the accessibility to health care in Latvia, offers realistic solutions to one of the most pressing problems to improve the quality of life of the population. The results of the original studies carried out by research teams from Lithuania and other countries are widely used. The accessibility to health care is determined by two areas of a positive development of a country – economic growth and institutional maturity synthesized by social justice. In other words, the population’s greater access to health care-related services can and should be achieved not only by increasing the labour productivity of the employed through the introduction of new technologies and other components of economic growth, but also by adjusting higher-quality state and non-state institutions, their effective interaction in order to achieve economic growth and quality of life of the population.