Current Issue : October-December Volume : 2024 Issue Number : 4 Articles : 5 Articles
For Ethiopia’s rural homes, particularly those in the Delanta district, fuelwood is the primary energy source. This suggests that the impact of fuel wood from the forest to family energy use or income is significant. The goal of the current study was to estimate how much annual fuel wood harvested from forests contributes to household consumption and monetary income. 96% of the forest’s income comes from fuelwood. In the study area, it contributes 2,013,539 Birr, or 33%, of all family income. 703,014 ETB, or 23.8% of the total subsistence income, and 1,310,525 ETB, or 40.65% of the total cash income of the tested households, are both covered by fuelwood from the forest. Both socioeconomic and physical characteristics close to the users influenced how dependent a household was on fuelwood income from the forest. The data obtained from randomly selected households by survey method have been subjected to multiple regression analysis and obtained that households’ reliance on fuelwood income from the forest was significantly influenced by factors such as age, educational level, number of trees owned, distance to forest, distance to market, and nonforest income, all of which had a negative and significant impact. The only significant factor that significantly and positively influences reliance on fuelwood income from the forest is the number of family members. Therefore, preserving a natural forest through the use of alternative energy sources, such as electricity, or encouraging a plantation on one’s own property is a potential discipline for mandating climate change prevention....
The study investigates the influence of the Information and Communication Technology (ICT) sector on economic growth rates in European Union countries over the period from 2009 to 2018. It explores the correlation between the ICT sector and Gross Domestic Product (GDP). A comprehensive review of contemporary literature on the subject is provided, offering a foundation for understanding current perspectives. The empirical analysis utilizes the most recent annual data from Eurostat and World Bank databases. The findings are thoroughly examined, with an extensive discussion of the empirical results and their implications....
This study contributes to income equality (IE) literature by examining four important issues. First, the study examines the effects of foreign bank presence (FBP) on IE. Second, the paper identifies the minimum threshold level of FBP which can lead to IE. Third, the effect of economic freedom on IE was investigated. Fourth, the paper determines whether economic freedom interacts with FBP to minimise IE. The findings are based on macro data for 33 African countries from 1995 to 2020. The findings from the two-stage system generalised method of moment indicate that unconditionally, FBP reduces income inequality. Also, results from the threshold effect reveal that whilst FBP reduces income inequality, if it exceeds 52%, it may contribute to it. Additionally, the study reveals that economic freedom dampens IIE. Furthermore, economic freedom conditions FBP to reduce IE. Based on these findings, policymakers are advised to exercise caution in attracting foreign banks and to promote local financial institutions. Policymakers are also advised to implement policies to promote economic freedom....
We elaborate on six rationales for formulating the primary goal of economic development as sustained economic growth with progressive endowment redistributions (GWR). The rationales draw on theories and empirics on welfare theorems, marginal utility, growth accounting, human capital, dual economies, and long-term structural transformations. Next to answering the why question on pursuing GWR, we discuss policy viewpoints on how and when to affect GWR. The paper goes further into quantifying and evaluating country performances among 30 leading developing countries in the recent past, and shows where GWR has been more successful or lagging....
After experiencing the epidemic, various countries are striving to adopt various strategies to restore their economy, among which reducing taxes is one of the strategies adopted by many governments. However, the reducing taxes might cause some negative effects which will be analyzed in this paper. Moreover, this paper introduces the methods of improving the efficiency of tax reduction in economic downturns based on the evolutionary game theory, especially after COVID-19 pandemic....
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