DO EXPORTS OF OIL AND GAS STILL MATTER FOR REGIONAL ECONOMIC GROWTH OF SUMATRA, INDONESIA?

Saiful HURRI

Ph.D. Scholar in Economics, Faculty of Economics and Business, Universitas Syiah Kuala and Senior Lecturer, Universitas AlMuslim, Bireuen, Indonesia

saifulhurri3@gmail.com

Said MUHAMMAD

Professor, Faculty of Economics and Business, Universitas Syiah Kuala, Indonesia

said@unsyiah.ac.id

Abd. JAMAL

Senior Lecturer, Faculty of Economics and Business, Universitas Syiah Kuala, Indonesia

abdjamal@unsyiah.ac.id

M. Shabri Abd. MAJID*

Senior Lecturer, Faculty of Economics and Business, Universitas Syiah Kuala, Indonesia

mshabri@unsyiah.ac.id

*Corresponding author

Abstract

Although Indonesia ranks as the world’s 17th oil and 6th gas producing country, but its production level has been slowly declining since the last few decades. Amidst the decline of oil and gas production, thus it is important to explore how this impacts the regional economic growth. Specifically, this study attempts to empirically examine the impact of oil and gas and non-oil and gas exports on the regional economic growth of Sumatra, Indonesia over the period 2008-2017 using the generalized method of moments (GMM) approach. The study found that oil and gas exports were no longer contributed positively to regional economic growth. On the other hand, non-oil and gas exports have positively contributed to regional economic growth. This implies that to further promote the growth of the regional economy the focus should be given on the expansion, value-added creation and diversification of non-oil and gas commodities.

Keywords: Regional economic growth, Oil and gas sector, Non-oil and gas sector, GMM, Sumatra.

JEL classification: C32, F43, O11
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ESTIMATION OF REGION’S INTELLECTUAL CAPITAL BASED ON THE SYSTEM OF INDICATORS: CASE OF THE RUSSIAN FEDERATION

Anna MALTSEVA

Candidate of Economic Sciences, Director of Lurye Scientific and Methodological Center for Higher School Innovative Activity, Tver State University, Tver,

80179@list.ru

Igor VESELOV

Candidate of chemical sciences, Senior researcher in Lurye Scientific and Methodological Center for Higher School Innovative Activity, Tver State University, Tver

igor.veselov@mail.ru

Evgeny BUKHVALD

Doctor of Economic Sciences, professor, Institute of Economics of Russian Academy of Sciences, Moscow

buchvald@mail.ru

Abstract

The paper presents an analytical review of modern sources on the issues of determining, classifying and evaluating a region’s intellectual capital. The study identified the most common approaches to intellectual capital assessment, which need to be adjusted taking into account the specificity of the statistical reporting of the Russian Federation, and also because of the need for detailing certain types of intellectual capital. The authors proposed their own approach to assessing a region’s intellectual capital using a system of indicators based on the calculation of the integral indicator tested on the example of the Russian Federation’s regions. The authors have compiled a map of the intensity of the intellectual capital of the Russian Federation’s regions, which is the basis for their comparison by the magnitude of the studied indicator, as well as benchmarking of the key areas of its development for outsider regions.

Keywords: intellectual capital, region, development, competitiveness, knowledge, knowledge economy

JEL classification: R19
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THE PARTICULAR ANTHROPOLOGICAL CASE OF THE “ILLEGAL HOUSES” OF GREECE

Nikolaos YOYAS

Architect NTUA, Msc Environmental Design, Urban Planning PHD Candidate

01@yio.gr

Abstract

Classical polis was born when a collectivity showed more interest in the truth of things, rather than their use, when cohabitation ceased to be the community of needs, where desirable is the fulfillment of basic human needs, material or otherwise and took place the transition to the community of truth. The last cultural remains of this way of thinking and acting survived until very recently, with the foundation of the modern Greek state in 1830 and vanished once and for all, slowly, but steadily, after 1974, with the entrance n the European Economic Community and, finally, the Eurozone, transforming and adjusting the contemporary Greek city to the western globalized standards. In this text we will examine the “wise” illegal houses, creations of social space, of polis of the refugee settlements of 1922 and the expansions of the, initially, planned Greek city centers, which transformed slowly, but steadily into pure speculation and greed for profit. This mutation was established with the replacement of the “customary law” and what is widely called “tradition” in constructions, with the rigid Building Regulations. This transition was crucial and it was the outcome of a much greater mutation; the anthropological transformation of the Greek people, its “modernization” and its contemporary, absolute alignment with the western European standards, which have taken over every aspect of human activity, including official urban planning, but, also, unofficial, so-called illegal constructions.

Keywords: Illegal constructions, urban planning, anthropology, western civilization
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