Wednesday, October 30, 2019
Ethics paper on the goverment mandated vaccinations Assignment
Ethics paper on the goverment mandated vaccinations - Assignment Example etts, New-Jersey and Maryland the vaccination are imposed by the courtââ¬â¢s resolution or by the law in force and in some states such laws are being considered. ââ¬Å"During the last flu season, a hospital in northern Indiana fired eight workers who refused to get vaccines against the seasonal disease. According to several media reports, IU Health Goshen Hospital had instituted a policy requiring employees to get flu shots. Several employees balked at getting the shots and tried to seek exemptions. The hospital decided not to grant exemptions and terminated the workers when they refused to change their mindsâ⬠(Alaniz, 2013). Such politics is very similar to the one in national socialist empires, Stalinââ¬â¢s regimes and communist China. When the officials are asked to lawful substantiation of such measures as forced vaccination of people even if they consider them to be a real treat for them and their relatives, they refer to the necessity of society protection (Poland et al, 2005). But if the vaccination is not so effective as it is stated by the officials why should we be afraid of unvaccinated people as vaccinated individuals were 100% protected? This question puts officials in difficult situation. The usual answer is: the small percent of vaccinated will not be protected enough and may be subject to risk (Hayward, 2006). Then it is necessary to recognize that the possibility of vaccination failure is higher than 5% and this leads to the following question: why should we be vaccinated if the protection is doubtful? Collective immunity is a myth as its conception is related to the natural immunity, which if formed in response (Carman et al, 2000). Many experts state that the best way to stop spread of flu is to stay home when we are sick and wear masks (Conley, 2013). Another question is that forced vaccination is the violation of human rights. Every person should feel free to make his/her own decision on the issue (Shugarman, 2006). Only parents can decide if to
Monday, October 28, 2019
Triple Threat Criticism Essay Example for Free
Triple Threat Criticism Essay Each of the short stories ââ¬Å"Happy Endingsâ⬠, ââ¬Å"A Sorrowful Womanâ⬠, and ââ¬Å"The Story of an Hourâ⬠express the central idea that women are confined and identified by their roles as wives or mothers by society. The authorsââ¬â¢ goal of these short stories is to portray modern marriages, to help people be conscious to womens liberalism, and to instruct people not to focus on the endings of stories, but the middle portions. Margaret Atwood, Gail Godwin, and Kate Chopin develop these ideas by utilizing plot, character development, and setting. Atwoodââ¬â¢s ââ¬Å"Happy Endingsâ⬠uses a lack of plot to show how even though the middle parts of life can be different, the endings are always and inevitably the same. In her story, Atwood shows the diverse relationships between men and women, but through every situation, both die. The same thing happens in Chopinââ¬â¢s and Godwinââ¬â¢s stories. While both protagonists start off as committed and loving women dedicated to their family, personal torment eventually lead both of them to death. Both women sit near windows in their rooms and watch the world outside wishing they could be at peace with themselves and find happiness in their relationships. Chopin associates the window and all the lively things outside the window to the freedom of Mrs. Mallardââ¬â¢s new widow status, while Godwin represents the window as a negative object. Also, it is ironic that outside of the windows it is spring, when both of the stories are depressingly gloomy. In ââ¬Å"Happy Endings,â⬠Atwood explains what life is about. She proclaims that plots are a beginning, middle, and an end; ââ¬Å"a what and a what and a whatâ⬠(Atwood 628). Life is a formula: two people meet; they have jobs, sex, kids, hobbies, illness, and of course, they die. Atwood gives all the examples: older and younger, doctor and nurse, but it is the same formula. Atwood also minimally structures ââ¬Å"Happy Endings,â⬠like an essay, instead of a story. She has different scenarios from A to F, all including the same undetailed, flat characters, but with the same end to prove that no matter what the beginning or middle is, the ending is always the same. The author also chooses to use the most generic names possible, Mary and John, to flatten the characters even further. Atwood repeats the words ââ¬Å"stimulating and challengingâ⬠throughout the text. These words are used to describe the characterââ¬â¢s jobs, their sex life, and their hobbies. This repetition in diction emphasizes the ordinary and mundane of each characteristic. In storyline F, Atwood speaks directly to the reader. She writes, ââ¬Å"If you think this is all too bourgeois, make John a revolutionary and Mary a counterespionage agent and see how far that gets you,â⬠implying the pursuits are the same, and the characters are unimportant (Atwood 293). Atwoodââ¬â¢s audience is everyone, but mostly the people who focus more on the plot of life, than the how and why. In ââ¬Å"A Sorrowful Woman,â⬠Godwin uses character development to drive her story. She writes about predominantly flat and unnamed characters: the man, child, woman. The woman is the only one closest to a round character. She is quirky, for she makes the statement ââ¬Å"vertical bra,â⬠but otherwise her lines are manipulative and predictable. Godwin opens with ââ¬Å"Once upon a timeâ⬠(Godwin 39) to emphasize how unrealistic the story really is. For example, the man in the story has an exaggeratedly amicable, agreeable nature towards his wife and never challenges her. To make it clear, he repeats the words ââ¬Å"I understandâ⬠throughout the story. Godwin includes that the nanny is ugly to emphasize that there is no sexual replacement of the woman. The boy represents innocence. The boyââ¬â¢s last line, ââ¬Å"Can we eat the turkey for supper? â⬠reiterates that the womanââ¬â¢s role in life was through her duties. Godwin uses symbolism when she writes about the woman writing a poem: First, the woman has all her responsibilities and duties, but since she stops doing them, she does not know what else to do. Secondly, the woman tries to write a sonnet that has rules on how you can write it, but then she decides to write free verse, except since there are no rules, she does not know what to write. Godwin also uses the nanny to contrast with the woman; the woman hates her duties and responsibilities, while the nanny enjoys them because she gets paid and it is her choice. Also, she distinguishes both of them by the use of the woman in a white, dull room, and the nanny putting the boys colorful pictures on the walls. ââ¬Å"â⬠¦the childââ¬â¢s gray eyes,â⬠the gray hand-knitted sweaters. The overall effect of repeating the color gray makes the story seem dull and tired. In ââ¬Å"The Story of an Hour,â⬠Chopin uses metaphors and concrete details to develop the central idea that identity is a stereotypical construct. She associates the open window and all the lively things outside it to the freedom of Mrs. Mallardââ¬â¢s new widow status: ââ¬Å"â⬠¦the tops of trees that were all aquiver with the new spring life. The delicious breath of rain was in the airâ⬠¦ countless sparrows were twittering in the eavesâ⬠(Chopin 15) to compliment that Mrs. Mallard is thinking optimistically now that she knows her husband is dead. Mrs. Mallard expresses her feelings about her recently distinguished marriage with words of being liberated: ââ¬Å"Body and soul free! â⬠Chopin also uses setting to emphasize how women are identified: in the public area of the house, she is named as ââ¬Å"Mrs. Mallard,â⬠but when she goes to her room she is ââ¬Å"Louise. â⬠Chopin ends ââ¬Å"The Story of an Hourâ⬠with stating, ââ¬Å"When the doctors came they said Mrs. Mallard had died from heart disease ââ¬â of joy that killsâ⬠(16); sardonically, she is referring to the family thinking that Mrs. Mallard died from the joy of seeing her husband alive, when in reality she died from distinguishing that she is not free any longer. Mrs. Mallardââ¬â¢s death is foreshadowed early in the story when the author mentions that the wife has a heart problem. In all three stories the female characters are unhappy and they eventually die. The authors are feminists in how they condemn men and marriages with how they trap and identify women by society. Atwood, Godwin, and Chopin illustrate this idea with plot, character development, and setting. The authors wrote these three short stories to portray modern marriages, to help people be conscious to womens liberalism, and to explain that the ending of a story is not important, but the middle is. Works Cited Chopin, Kate. ââ¬Å"The Story of an Hour. â⬠The Bedford Introduction to Literature 9th Edition. Meyer, Michael. Boston: Bedford/St. Martinââ¬â¢s Press, 2011. 15-16. Print. Godwin, Gail. ââ¬Å"A Sorrowful Woman. â⬠The Bedford Introduction to Literature 9th Edition. Meyer, Michael. Boston: Bedford/St. Martinââ¬â¢s Press, 2011. 39-41. Print. Atwood, Margaret. ââ¬Å"Happy Endings. â⬠The Bedford Introduction to Literature 9th Edition. Meyer, Michael. Boston: Bedford/St. Martinââ¬â¢s Press, 2011. 624-626. Print.
Saturday, October 26, 2019
The Harmful Effect of Feminism Essay -- Papers Feminism Argumentative
The Harmful Effect of Feminism Feminism is defined as the theory of the political, economic, and social equality of the sexes. It began as an organized activity on behalf of women?s rights and interests. This concept was developed to help women earn a place in a predominantly male society. Unfortunately over the years, the intentions of feminism have become distorted, not only by anti-feminists, but also by the feminists themselves. The principle of equality for women and men has turned into a fight in which feminists wish to be better than men. Feminism has been twisted and misunderstood so much that it has become a harmful idea. Michael Levin, a professor of philosophy and author of the book Feminism and Freedom, faults feminism for trying to impose an inappropriate equality on men and women that conflicts basic biological differences between the sexes (Levin, Taking Sides, 42). Women are not the same as men, neither physically nor psychologically. In the past, men tended to be the stronger more powerful gender, while women have traditionally been viewed as the weaker, more feeble one. The untrue assumption that men and women are the same in their ways of thinking and physical capabilities leads to the failure of the feminist message. Their agenda of eliminating all observable differences between men and women is doomed to fail and will inflict more pain than gain in the process. Recognizing the differences between the sexes and allowing each to do what they are strongest at will in the long run make society stronger, more efficient, and more effective. The first problem Levin tackles is the one of socioeconomic inequalities; simply said, the pay and job position differences between men and women. Levin... ...sensitive interaction. Even though society has distorted the ideals feminism was founded upon, some of the remaining true roots still hold true. While women are gaining equal opportunities in society, they need to not diminish the importance of working together with men to form a functional society. The widespread idea of quotas needs to be analyzed. People should be accepted into college or hired for a job because they are the most qualified, not because of their sex. Society has demented feminism as a harmful dogma because it has been an excuse, almost a cop-out by women who do not want to work for their acceptance. Both men and women need to realize the necessity that exists for each other to make society work. Bibliography: Works Cited Levin, M. ?Feminism and Freedom? Transaction Books, 1987. Excerpt form Taking Sides, 44-50.
Thursday, October 24, 2019
Its more fun in the Philippines
Last January 2012 the Department of Tourism launched the new slogan ââ¬Å"Itââ¬â¢s more fun in the Philippinesâ⬠to raise the awareness of the locals and the tourist who are still unaware of the beauty of the Philippines. The said slogan created a question in our mind. What will be difference of using this new slogan over the old one ââ¬Å" Pilipinas kay Gandaâ⬠, will it be more effective to attract tourist and help to promote the hidden beauty of the Philippines that still awaits to be discovered. And with that we come up with the idea to make a study about the questions that we want to be answered.The main goal of the administration is to attract 6.à 8 million foreign tourists a year by 2014, 8 million by 2015, and 10 million by 2016, by using the slogan will the government can achieve their goal? Background of the study ââ¬Å"Itââ¬â¢s more fun in the Philippinesâ⬠campaign was made by David Guerrero the chairman and chief creative officer of BBDO Guerrer o, which is the countryââ¬â¢s most awarded and popular advertising firm. This slogan is simple yet very meaningful and applicable to the Filipino character. Making the Slogan, the team Guerrero thinks of a theme which can be a big hit to boost the Philippine Tourism Industry, a campaign slogan which can really be a big help to our economy.The campaign objective is to get the Filipinos into the global perception, to start an image that other countries will turn to. This campaign can also be a big help in letting other countries know what the Philippines can offer. The things that no other countries can offer. Objectives: To determine if the slogan has been successfully launched internationally. To determine if the slogan help to raise the awareness of the people about the Philippines. Research Problem: The researchers seek answers to the following questions: 1. Is the slogan will be effective to promote the Philippines?2. Does theà government can market the said slogan globally? 3. Will the slogan be able to help to raise the awareness of the people? Variables: Independent: Itââ¬â¢s more fun in the Philippines Dependent: Effect of the slogan in the Philippinesââ¬â¢s tourism industry Significance of the Study: The proposal will be able to determine if the slogan has been successfully marketed globally. The proposal will show if the slogan ââ¬Å"Itââ¬â¢s more fun in the Philippinesâ⬠help to attract tourist to visit Philippines. This proposal will determine if the Department of Tourism has chosen a good slogan for the tourism industry.
Wednesday, October 23, 2019
Change of Position Defence
The defendant may claim the defence of change of position. Whether the defendant can successfully establish this defence depends of whether he can prove that his position is so changed that he will suffer an injustice if called upon to repay or repay in full (Lipkin Gorman v Karpnale) * In order to prove a change of position defence, first there must be an adverse change of position by the recipient in good faith and in reliance on the payment (New Zealand Banking Group v Westpac Banking Corporation) * The current position in Australia with regard to the availability of the defence is that the defendant must have (1) changed their position (2) irreversibly (3) in reliance on its receipt (4) in good faith (Australian Financial Services)(1) CHANGE THEIR POSITION / SUFFER DETRIMENT * The defendant must first be able to prove a change in the relative net assets of the defendant which shows that the defendant has acted to his detriment on the faith of the payments received from the plaint iff. In other words, the change must involve a net loss.FACTUAL GAIN BUT NET LOSS * Even where a woman who had purchased new furniture and had got rid of her old furniture on reliance on her receipt, where the court accepted that she was factually enriched by her receipt since her net assets were worth more than what she had before, the change of position defence would nevertheless apply since if she was required to make restitution, she would be left with a net loss. * The mere fact that she continues to benefit from the money does not defeat the defence of change of circumstances. The furniture acquisitions represent replacement of items the plaintiff had in her possession when she would not have replaced the items except for the error. The expenditures were not to meet ordinary expenses or pay existing debts.(RBC Dominion Securities v Hills Industries)IS SPENDING ON ORDINARY LIVING EXPENSES CHANGING YOUR POSITION? In general, expenditure on ordinary living expenses will not be re garded as a detriment or that the defendant changed his position because the defendant has to prove that he acted differently from how he would have ordinarily acted on the faith of the belief that the benefit conferred by the plaintiff was the defendantââ¬â¢s to spend (Australian Financial Services & Leasing v Hills Industries) * However, a defendant is not precluded from relying on the defence of change of position merely because she has spent the money on ordinary living expenses, provided the expenditure is a substantial detriment stemming from her reliance on receipt of the payment. The defence can apply where the defendant does not simply spend the money on such expenses but applies for and is denied benefits to which she is entitled as a result of her receipt (TRA Global Pty Ltd v Kebakoska) In that case, the respondent had been made redundant by her employer who told her she was entitled to a redundancy payment equivalent to 12 weeks pay on severance and accordingly p aid her the sum. She in fact had no such legal entitlement.She subsequently applied for unemployment benefits from Centrelink but was denied them because she had declared receipt of the redundancy money. She was forced to used the bulk of the redundancy money to pay living expenses until she found work eight months later. When the appellant employer sought restitution of the payment on grounds of mistake, the court held that the plaintiff had a defence of change of position despite having spent the money on ordinary living expenses since the expenditure is a substantial detriment stemming from her reliance on receipt of the payment and was denied benefits to which she was entitled as a result of her receipt.DISCHARGING AN EXISTING DEBT * It is not a detriment to pay off a debt which will have to be paid of sooner or later (RBC Dominion Securities v Dawson) In that case Mr Dawson had a Visa debt which he liquidated in a manner he would not have otherwise done had it not been for the mistake on the part of the appellant to overpay him. However, since the Visa debt and those to family members was incurred prior to the mistake, it would have been paid in any event and cannot be said to be to Mr Dawsonââ¬â¢s detriment because the payment would be a payment of a debt already owed. (2) IRREVERSIBLY * The second element is that actual, non-speculative and irreversible detriment (Australian Financial Services & Leasing v Hills Industries) The nature of the change must be such that it cannot now be undone such as money received which has been irretrievably paid away or incurring unconditional contractual obligation as a result of receipt. In Australian Financial Services, the plaintiff finance company was duped by a fraudster and two of his companies into advancing money to several legitimate businesses including that of the second defendant to whom the fraudster and his companies owed money so as to discharge their debts. The plaintiff was led to believe that th e purpose of the money being advanced to the defendants was to finance the purchase of equipment they were supplying to the first company when the equipment never existed. Each of the defendants was accustomed to receiving payments for their equipment from finance companies so they were not immediately suspicious of receiving money from the plaintiff.The plaintiff then claiming unjust enrichment against the defendants on the ground that it had made payments under the mistaken belief that the invoices made by the fraudster to the plaintiff, purporting to be from each of the defendants, were genuine and that it would obtain title to the equipment named in the invoices. * In this case, the court held for the defence of change of position to succeed that there must be evidence of an irreversible detriment. The second defendant having foregone default judgments already obtained against one of the fraudsterââ¬â¢s companies was in reliance on receipt of the money from the plaintiff was such evidence. * In TRA Global Pty Ltd v Kebakoska, the detriment to the plaintiff such that she was denied benefits to which she was entitled to stemming from her reliance on receipt of the payment was irreversible. In RBC v Dawson, the fact that the purchased new furniture and had got rid of her old furniture on reliance on her receipt would have caused her in the circumstances a loss that is unjust for her to bear and which is not easily reversible. * Thus it seems that the defendant must show at the very least, significant hurdles to getting the money back. (3) In reliance on the receipt/on the faith of receipt * This third element shows that there must be a causal correlation between the detriment suffered and the receipt of the payment. A BUT-FOR TEST IN UK * The mere fact that the recipient may have suffered some misfortune is not a defence unless the misfortune is linked at least on a but-for test with the mistaken receipt (Scottish equitable) There a variety of conscious de cisions which may be made by the recipient in reliance on the overpayment.A CAUSAL CONNECTION IS SUFFICIENT IN AUSTRALIA ââ¬â ONE CAUSE * In Co-Buchong v Citigroup Pty Ltd, it was held that for the purposes of a change of position defence, a payment is made ââ¬Ëon the faith of the receiptââ¬â¢ if it is causally linked to the receipt. This requires that the payment would not have been made unless the receipt has been recognised as valid. There is no further requirement that the information upon which the payer was acting be such that, if it were true, the payer would have been entitled to pay the money away in the way that id did. * In this case, Citibank had received instructions purporting to be from the plaintiff to transfer 500,000 from his account to a second account in his name at the NAB.Citibank examined the instruction and determined that it was genuine and paid. NAB then received similar instructions to pay the money away to various overseas bank accounts. Here th e instructions were all forgeries perpetrated by an unknown third party. Citibank claimed restitution of its payment to NAB on grounds of mistake. The issue was whether NAB was entitled to a defence of change of position and whether those payments had to various overseas bank accounts had been made ââ¬Ëon the faith of its receiptââ¬â¢ of the money from Citibank. It was held that NAB did make those payments on the faith of its receipt and all that was required was a causal link between the payment and the receipt. The fact that a third party fraudster had instructed the bank to make out the payments should not necessarily negate the causal connection between the receipt and its payment so as to defeat the defence (rejecting State Bank v Swiss Bank Corporation) * In such a case, the bankââ¬â¢s good faith receipt may still be a cause of a change of position even if it was not the only cause and this should be enough. * This follows the reasoning in the NSWCA case of Perpetual Trustees Australia Ltd v Heperu. Perpetual had paid away sums to Mrs Cincotta funds represented by the units credited on the faith of the receipt of payments by the respondent who had been induced by fraud to do so.The respondents submitted that Perpetual had not proven that the payments of funds out of the account were made on the faith of the receipt because it paid out the funds represented by the account on the faith of what it was told to do by Mr Cincotta in the original forgery of Mrs Cincottaââ¬â¢s signature at the opening of account and in telephone redemptions. * This was construed to be far too narrow an analysis of what is meant by ââ¬Å"on the faith of the receiptâ⬠. Payments on the faith of the receipt meant that they would not have been made unless the receipts had been recognised as valid. Just because there was the element of dishonesty of Mr Cincotta which also was the occasion for the withdrawal of funds, this did not negate the causal connection between the receipt and the payments. The change of position remain causally linked to the receipt. Thus while the test seems to involve a causation element, this is not a but for test but rather that the payments of the money were caused or linked to the receipt of payments from the plaintiff. ANTICIPATORY EXPENDITURE ââ¬â DOES IT COUNT? * Can a defendant be said to rely on the faith the receipt when there is anticipatory expenditure on the part of the defendant? * Can reliance be understood as something other than an essentially causal concept where the effect of the defendantââ¬â¢s expenditure follows the cause which is the defendantââ¬â¢s receipt of the enrichment? Or does it mean that the defendant can be said to have acted on the faith of the receipt where it had a reasonable expectation of receipt? * In the case of Dextra Bank, Dextra Bank drew a cheque on its bankers, Royal Bank of Canada in favour of the Bank of Jamaica.Dextra drew its cheque intending to lend the sum spe cified to the Bank of Jamaica against the security of a promissory note executed by the Bank of Jamaica. The Bank of Jamaica intended to buy the specified sum of US dollars in exchange for the equivalent in Jamaican dollars which it paid to individuals understood to be nominated by Dextra. Dextra sued BOJ for restitution of the moneys paid. BOJ claimed that it had the defence of change of position. However Dextra argued that BOJ was relying on actions performed by BOJ before it received the benefit from Dextra and this amounted to anticipatory reliance which could not amount to a change of position. The issue was thus whether anticipatory reliance on the plaintiffââ¬â¢s payment can amount to expenditure on the faith of the benefit of the payment and thus whether an effective change of position defence can be made out. * It was held that it is no less inequitable to require a defendant to make restitution in full when he has bona fide changes his position in the expectation of rec eiving a benefit which he in fact receives, than it is when he has done so after having received the benefit.The court thus held that there should be no effect on the availability of the change of position defence whether the payment is made when the benefit is received or on a reasonable expectation that it is to be received. Anticipatory expenditure can be recognised as payments made on the faith of the benefit of the receipt. This was also recognised in South Tyneside v Svenska Internation where the court held that it does not follow that the defence of change of position can never succeed where the alleged change occurs before the receipt of money, as seen from the facts of Lipkin Gorman where the defence succeeded despite the winning being paid out before getting other gambling bets in. * In Commerzbank, the court held that the relevant question in whether the change of position defence would succeed was whether his decision to change his position was caused or contributed to b y the receipt of the payment. The crucial point the courts have emphasised is the causal relationship between the detriment and the receipt and not the strict when the detriment and the receipt or occurred. 4) In good faith * The defence is not open to a recipient who had changed his position in bad faith as where the defendant has paid away the money with knowledge of the facts entitling the plaintiff to restitution (Lipkin Gorman) * What is crucial to the good faith element is whether the payee had actual knowledge of all the facts constituting the wrongdoing or else had knowledge of such facts as would reasonably raise a suspicion of wrongdoing so that the payee was put on enquiry (Mercedes-Benz v National Mutual Royal Savings Bank Ltd) * Does a person act in good faith unless he acts dishonestly? (Niru) * NO. A person can act in bad faith where the recipient knows that the payer had paid the money to him as result of a mistake of fact or mistake of law and it will in generally b e unconscionable or inequitable to refuse restitution. Just because he is not guilty of dishonesty does not make him innocent. Will knowledge of the mistake bar the defence? * Waitaki- mere knowledge of the fact that the money is not due probably doesnââ¬â¢t bar the defence if d acts reasonably: d knew that the money was not its money to keep and in fact put the money on deposit, ready to repay. D was allowed the defence (albeit partially) when the money was lost through the collapse of the company with whom the sum had been deposited, even though it knew about the mistake when it put the money on deposit. * Lipkin Gorman: In cases where the payee had grounds for believing that the payment may have been made by mistake but cannot be sure, good faith may well dictate that an enquiry be made of the payer.The nature and extent of the enquiry called will of course depend on the circumstances of the case but I do not think that a person who has good reason to believe that the payment was made by mistake will often be found to have acted in good faith if he pays the money away without first making enquiries of the person from whom he received it. * English courts to date appear generally more relaxed about defendant fault, although they have tended to be thinking about fault with regard to the initial receipt of the money (ââ¬Å"should defendant have known about the errorâ⬠? ), as opposed to fault with regard to what is then done with it. * Whether fault is relevant to good faith? * In both Dextra and Niru, the CA aid that the defendant will only be denied the defence if he was in bad faith when paying away the money * The way the CA in Niru defines bad faith actually comes quite close to a negligence standard ââ¬â acting in a ââ¬Å"commercially unacceptable wayâ⬠or with ââ¬Å"sharp practice falling short of outright dishonestyâ⬠. If negligence in not realising the mistake is insufficient to bar the defence, then it seems unlikely that negl igence in a decision about how to dispose of the money will be. Also, it would seem strange if a good faith payment to charity could give rise to the defence, but a good faith (but negligent) investment couldnââ¬â¢t? * A different approach is taken in NZ . In Waitaki, fault is relevant. The facts are that the defendant received 50,000. He takes the money and puts it into an investment with the finance company which eventually goes under.The bank then realises they paid him the money under mistake and sue him. * The defendant had relied on the receipt because the bank had forced him to take it. However he had never thought it was valid. The court held that the defendant had partly been at fault in the ultimate loss of the enrichment because he had chosen an insecure investment. Where defendant failed to obtain sufficient security for a risky investment, he had defence reduced by 10%. This introduces the uncertainties of the ââ¬Å"contributory negligenceâ⬠model of COP, which requires a relative balancing of the fault of p and d in proportioning the amount repayable. The approach was expressly rejected in Dextra as being ââ¬Å"hopelessly unstableâ⬠.DEFENDANT WHO ILLEGALLY CHANGES HIS POSITION AS A WRONGDOER * Recently suggested that a defendant who changes position illegally is a ââ¬Ëwrongdoerââ¬â¢ cannot invoke the defence (Barros Mattos) * The recent case of Barros Mattos now indicates this is highly likely to be the case. In reaching this conclusion, Laddie J drew support from Lord Goffââ¬â¢s ââ¬Ëwrongdoerââ¬â¢ limitation in Lipkin Gorman: this indicates that defendant can be disqualified from the defence either because of his knowledge of the claimantââ¬â¢s rights before changing his position, or because the change of position itself is ââ¬Å"wrongfulâ⬠. * Should this affect civil wrongs? This result does not specifically affect restitution for wrongs, since civil wrongs are not considered illegal as such.Despite the co ncept of ââ¬Ëillegalityââ¬â¢ by its very nature being hard to define, it is clear from both Tinsley v Milligan [1994] 1 AC 340 and Nelson v Nelson (1995) 184 CLR 538 that it relates to claims which would run seriously counter to public policy. In Lipkin, Goff suggested that COP should not be open to wrongdoers, but it is not clear that he was referring to those guilty of an innocent breach of duty. DEFENDANT WHO INDUCES THE MISTAKEN PAYMENT IN THE FIRST PLACE * Deliberate: No defence- Goff in Lipkin Gorman- defendant will be in bad faith and bad faith precludes reference to the defence. Note that it is assumed in Niru that dishonesty is sufficient to amount to bad faith, even if it is not always necessary.It is clear from Niru that dishonesty amounts to bad faith, even if defendant can sometimes be in bad faith even where there is no actual dishonesty. * Negligent: No clear authority on this. Defence probably still available, but not if it amounts to ââ¬Å"bad faithâ⬠as defined recently in Niru. There, defendant was denied defence on the basis that it had documents in its hands which were forgeries, which it ought to have realised might be forgeries and into which it had failed to make reasonable inquiries. This amounted to failure to act in a ââ¬Å"commercially acceptableâ⬠way, tantamount to bad faith and denying the defendant access to the defence, even though defendant was not dishonest in the sense of appreciating the risk of fraud.It is arguable that in the light of Niru, plaintiff would be in a strong position to argue that the defence should be denied to defendant here on the grounds that defendantââ¬â¢s inducement was not ââ¬Å"commercially acceptableâ⬠behaviour. * Innocent: Defence probably still applicable, since, if inducement was ââ¬Å"innocentâ⬠in the sense of being non-negligent, it might be commercially acceptable behaviour, as per Niru. DOES THE DEFENCE ACT AS A COMPLETE DEFENCE? * No it can apply pro tanto. (Australian Financial Services & Leasing Pty Ltd v Hills Industries) * Meaning you give back to the extent of what you still have. * How does this compare with estoppel? * Estoppel by representation remains available as a total defence to restitutionary claims even in circumstances in which the defence of change of position is available.Properly understood, it does not undermine the defence of change of position as they are based on different elements. In estoppel, one had to prove representation and detrimental reliance. Whether one can plead estoppel however depends on how equitable it is for to make such a claim to the overpayment received. In TRA Global, the court held that equity may intervene to prevent the latterââ¬â¢s unconscientious assertion in certain circumstances. It may be inequitable to assert a full defence of estoppel when you are overpaid 1000 and remain in possession of 500 which was mistakenly paid to you. * Under a defence of change of position, your ent itlement will be 500. |
Tuesday, October 22, 2019
Valcanoes essays
Valcanoes essays The distructive power of a valcano is one of the most violent and deadly of all natural forces. In a short period of time, these massive explosions of the earths crust can shatter whole communities. Valcanoes are very distructive no matter how big or how small they erupt at. They cause the highest amount of deaths and the greatest amount of damage. Of the two major types of Volcanoes, andestic and basaltic, the two typical volcanoes begin life when a mass of low-density magma forces its way to the surface. When the density of the rising magma is the same as that of the surrounding rock, it gathers in a magma chamber. Any rise in pressure in the chamber may now push the magma upwards through cracks in the overlying rock. As the magma traveling up a crack approaches the surface, the pressure from the overlying rocks reduces; gases are released from the magma and expand so suddenly that an explosion rips open a funnel shaped vent (called a diatreme) to the surface. The lava that blasts out of the vent then cools, to form cinders, ash and dust - all referred to as "Tephra". A ring of tephra collects around the vent and, as the eruption subsides, this blocks up the diatreme. Volcanoes have erupted in many different places. Volcanoes have erupted in The Philippines, Java, Papua New Guinea Fire", located around the Pacific Ocean, is 20 or so places with active volcanoes in them joined by one big imaginary line that forms a circle (or "Ring") when scaled down to the Somewhere in the world an eruption occurs at least once a month. Whether it be big or small it doesnt really matter at all. If it kills 1 person or 1 000 people it is still counted as an eruption. In some countries volcanoes are common and erupt frequently as in Hawaii. But in other countries like Australia there are no eruptions at all. That could ...
Monday, October 21, 2019
Research Paper on Homelessness
Research Paper on Homelessness Research Paper on Homelessness This is a free example research paper on Homelessness: Homelessness is a very huge problem that America has come to face. Millions of people, including children, families, babies, veterans, and the elderly live day after day without food, water or a roof over their heads. People that are mentally ill also have it tough on the streets, which can be extremely confusing to them, and dangerous to the rest of society. This problem must be solved soon, and therefore should be addressed as a major crisis that is affecting our society. The number of homeless families with children has increased significantly over the past decade or so. They are among the fastest growing segments of the homeless population. Together they are approximately 40% of all people who are homeless. Sadly, rural areas contain the largest group of homeless families, single mothers, and children. Emotions hit home when children and babies can be pictured living in an alley with only dreams of warmth, while normal middle class citizens stroll by wearing coats and mittens without even appreciating them. People have not always had to suffer with homelessness. Though the problem has almost always existed, it had not reached a severe level until the early 1970s. With every war there has been a small trickle of homeless veterans to follow, but the Vietnam War and Korean War left a wave of many people without anywhere to go. This was just the start of the problem. Many homeless people lived in places called Skid Row. A place with cheap bars, entertainment, and very cheap housing in buildings called SROs, or Single Room Occupancy. Then cities started to grow, and in the mid 1970s One million SROs were replaced with parking lots, buildings and apartments. Skid Row eventually vanished. Then the government decided to decriminalize what was left to control. That means there were a great many homeless people that would normally be arrested under these conditions, still roaming the streets. Women and children started to filter in to the homeless scene, and then in a huge recession in the 1980s 11,000,000 people were laid off (9.7% of all jobs). The numbers of homeless people soared. It didnt stop here though. President Reagan and Bush dropped public housing funds from 30 billion dollars to 6.7 billion, a net loss of 37,800 houses per year. By the beginning of the 1990s, over one million people were on waiting lists for homes. The one category that most people assume all homeless fall into is the undeserving homeless, or bums. These are usually men in their 40s or 50s who sit around all day and do nothing. They dont try and help themselves or others. They lie and cheat and honestly deserve nothing because they could never give anything if they were forced to. They make up a very small group in fact, about 4% of all homeless. Drugs are everywhere on the streets. It is estimated that 20% of all people living on the streets use hard drugs daily. Such drugs as cocaine, heroine, and morphine plague certain areas. AIDS often spreads like wildfire among people who share un-sterilized needles, and once a person contracts the HIV virus, they become a statistic in the disabled category. Even the people with full time jobs are in need of permanent residence. These people live on eating scraps of food from trash cans, and possible meals from shelters on occasion, but those are usually three times a week at dinner, or some other type of schedule. People who have homes rarely think, nor can comprehend what terrible things that the homeless have to go through. They live in abandoned buildings, cars, buses, boxes, on park benches and underground. They eat bits of old fruit and meat with the mold and green sludge scrapped off. I have realized that there seem to be two main elements in saving a homeless person. The government needs to help homeless people get back on their feet. They need to make sure also that homeless people dont abuse systems such as social security and housing. Also, the homeless need to get up on their own two feet, for themselves. Finding jobs, such as selling Homeless Newspapers seems to be a common first step. A vendor gets the papers for free or low cost, sells them for something like a dollar and keeps 55 cents, or a little more than half, for each sold. The homeless can then use this money to pay for food, shelter, and etcetera. Many shelters exist whose primary goal is to help the homeless get a job and home. They offer computer teachers, landscapers, welders, and other types of craft that can be used in society today. So if the government is willing to help get the homeless roused into the wanting of a better life, and they wish to follow through, then I think we could find a b etter, faster way to end the nations problem of homelessness. We see them as a crowd, one entity; we call them the homeless, as if it identifies who they are. What most forget is that they are also people. These ââ¬Å"peopleâ⬠with social disabilities or financial problems are abandoned by society and become homeless on the streets. And although many believe they donââ¬â¢t owe anyone help, a little generosity could go a long way on the road to lowering homeless numbers around the world. ______________ is a professional research paper writing service which can provide high school, college and university students with 100% original custom written essays, research papers, term papers, dissertations, courseworks, homeworks, book reviews, book reports, lab reports, projects, presentations and other assignments of top quality. More than 700 professional Ph.D. and Masterââ¬â¢s academic writers. Feel free to order a custom written research paper on Homelessness from our custom research paper writing service.
Sunday, October 20, 2019
Terrifying Tales of Terrible Terror! (4 Tips on Writing a Scary Story)
Terrifying Tales of Terrible Terror! (4 Tips on Writing a Scary Story) Terrifying Tales of Terrible Terror! (4 Tips on Writing a Scary Story) If youââ¬â¢re too old for trick or treating but want to have fun on Halloween, trading ghost stories with friends is a great alternative (itââ¬â¢s also how Mary Shelley came up with Frankenstein). I feel so pretty. But what if you and your friends are all too brave for old yarns about ghosts and ghouls to rattle you? Well, you could invent a scary story to set spines tingling using these (terrifying) writing tips. 1. Not Peanut Butter! Anything but Peanut Butter! Weââ¬â¢re all scared of something, whether itââ¬â¢s the dark, giant spiders or getting peanut butter stuck to the tops of our mouths. (Weââ¬â¢ll confess that the last of those is quite niche.) The horror! The horror! A good place to start with a scary story is therefore your own fears and anxieties, since itââ¬â¢s far easier to find the dark corners of a situation when itââ¬â¢s based on something personal. 2. Donââ¬â¢t Panic, Guys, Itââ¬â¢s Just a Kitten. What? No! Get Off Me! AAAAARGH! Another possibility is to make something familiar from everyday life threatening. Examples include Alfred Hitchcockââ¬â¢s The Birds and roughly 75% of Stephen Kingââ¬â¢s written output. Try considering things in your environment that you usually take for granted, then use ââ¬Å"what if?â⬠style questions to come up with a situation in which they suddenly become deadly! Questions like: What if kittens had laser eyes? 3. Weââ¬â¢re Trapped! One very effective way of adding tension to a story is to trap your characters somehow, such as being locked in a haunted building or lost in a forest with something that is hunting them. Alternatively, you could ââ¬Å"trapâ⬠your characters by stripping them of something they rely on. Being chased by a serial killer? Itââ¬â¢d be a terrible shame if your phone didnââ¬â¢t work and you couldnââ¬â¢t call for help. Something wicked lurking in the shadows? Iââ¬â¢m sure youââ¬â¢ll be fine as long as the lights donââ¬â¢t go outâ⬠¦ *fzzzt-pop!* Oops. Should have changed that bulb before opening a portal to the dark realms, shouldnââ¬â¢t you? 4. WEââ¬â¢RE ALL GONNA DIE! An important aspect of telling a scary story ââ¬â and storytelling in general ââ¬â is ââ¬Å"show, donââ¬â¢t tell.â⬠This means that you shouldnt be too direct, like openly stating that a character is scared: ââ¬Å"Upon feeling the peanut butter on the top of his mouth, Duncan started to panic.â⬠Instead, you should try to bring situations to life by describing them as they are experienced by the characters: ââ¬Å"Duncan bit into the sandwich and immediately froze. A bead of sweat ran down his forehead as he felt the sticky, nutty evil spread through his mouthâ⬠¦Ã¢â¬ Open wide! Bwa-ha-ha-ha! Telling the story this way can also make your characters seem more real, thereby encouraging your audience to care about them and what theyââ¬â¢re feeling. Get this right and you should have a scary story that will haunt the dreams of even the bravest reader!
Saturday, October 19, 2019
How did Witte's and Pobedonostsev's visions of Russia and its path Essay
How did Witte's and Pobedonostsev's visions of Russia and its path differ Could either of them have saved autocracy - Essay Example Ivan III wiped out the idea of democracy by annexing territory of both principalities of their kingdom, ensuring that no united political power would be able to oppose their total authoritarian rule. The leader drew a firm support of the Russian Orthodox Church to legitimize an autocratic rule (MacKenzie & Curran, 2001). The people of Russia would therefore feel the effects of this rule in later years during the time of reign of both Alexander III and Nicholas II of between 1880 and 1905. Many Russians suffered due to autocratic rule at these times and later it resulted to the Russian Revolution. During the time of these two rulers, the people of Russia ran to extreme poverty due to existence of famine, lack of education, the people lived under poor working condition in cities, there were limited industries even though society that is more agrarian could be noticed no development could be hastened. Due to autocracy, the Russian empire was deteriorated politically, economically, and socially. There were no industries and most of the people were peasants with high level of illiteracy. Most of the citizens were still under the slavery of wealthy property owners. The government still had no defined legal or constitution as well as parliament thus as a result no elections could be conducted. For efficient and smooth run of the entire vast empire, the Tsar appointed various ministers to help him rule. People were denied freedom of speech thus grievances could not be aired to the Tsar. The first round in the struggle to define a direction of Russiaââ¬â¢s development was between the conservative stability proclaimed by Pobedonostsev, which elaborated on maintenance of Russiaââ¬â¢s natural institution and massive industrial change driven by Witte that emphasized on the introduction of European institutions (MacKenzie & Curran, 2001). The two men experienced a reversal of their early
Different approaches to strategy development might be appropriate in Essay - 1
Different approaches to strategy development might be appropriate in different organisations - Essay Example This paper will discuss how different approaches to strategy development might be appropriate in different organizations. Wherever business executives sit to deliberate on their corporate strategy, they always begin by critically examining the industry or the existing environmental conditions from which they operate in. they then follow this by examining both the strong and weak points of their competitors. With the industry and competitive aspects in scope, they then set out to establish a unique strategic position that can give them an opportunity to outperform their competitors. In order to attain such a competitive advantage, an organization has to come up with development strategies that differentiate it from other organizations that are dealing in the same products and it does this mostly by lowering their prices. This also calls for the organization to place its value chain strategically and to come up with manufacturing, marketing, and human resources development strategies in the process. This then gives the organization room to set up its budgetary allocations for its operations (Sterman, 200 0). Using the above analogy, one thing that comes out clearly is that the options that any organization has are defined by the environment under which it operates and this means that strategy is impacted by structure. It is therefore logical to conclude that an organization that sells its goods online would have a varied development strategy from another organization that has physical shops for its goods and services. This ââ¬Å"structuralistâ⬠approach has been the subject of discussion for over three decades now and more organizations are adopting it in the new model of industrial organizational economics. According to this new paradigm, the performance of an organization is greatly dependent on how it conducts itself and this conduct is in turn greatly impacted by the existing
Friday, October 18, 2019
Critical Analysis Essay Example | Topics and Well Written Essays - 500 words - 4
Critical Analysis - Essay Example this section is that the authors have titled the various sections of information within the abstract with their respective headings which makes it easy for the audience to make an objective assessment about the nature of research and its value. This is unlike most research papers in which the authors present all information under one heading of the abstract. The conventional approach towards writing the abstract is inconvenient as compared to the one adopted by the authors in this research paper. Another strong point of this abstract is that the authors have clearly depicted the audience of this research paper within the abstract, which happen to be the public relations practitioners. This increases the chances of this research paper of being read by the public relations practitioners as they will know right from the start that this is something that addresses their concern even if they may not be able to relate to the title. However, the authors could have used better words to summa rize their findings within the abstract. The statement, ââ¬Å"Korea used a more aggressive strategy than was expectedâ⬠in a way shows that the authors had preformed perceptions about the Korean strategy which might have kept them a little biased towards its analysis as compared to the other strategy. The biggest weakness of this section is that it is not there in the research paper or even if it is, it is not distinguishable from the literature review. Background of a research and its literature review are two completely different sections with the former developing a framework of thought for the audience and the latter reflecting upon the research done on the topic so far. But in this research paper, the authors have directly put the headings of the various events that have been discussed which puts the audience into confusion about whether it is background or the literature review. Nonetheless, the same point can be considered as a strength in a way because it directly gives the
Gospel of Matthew and Gospel of John Essay Example | Topics and Well Written Essays - 750 words
Gospel of Matthew and Gospel of John - Essay Example Gospel of Matthew reveals the substance of Teaching.Here Jesus' image is of a Messiah King,Anointed One, Son of God, Kingdom of God, etc.with an emphasize on Jesus' kingly rule and divine authority. Jesus' image is drawn through His authority over nature with the means of miracles, authority over sin by forgiving, and authority over death through the resurrection. This starts with the depiction to be as descendant of King David with the miracle birth story. The historical correctness about the lineage presents Jesus more with human aspects and less with the incarnation. The most apparent is the factthat Jesus' image is consistent with the Gospels of Mark and Luke with a dependency upon history. "Matthew collected the sayings of Jesus in the Hebrew tongue." Taking liberty with the historical framework, the Gospel of John,presents a unique perspective varying not only from the Gospel of Matthew but also from theother remaining gospels. The interpretation is presented with spiritual theme rather than the historical events. With differentiation this provides with John's unique record of his first hand accounts of experiences with Jesus during His life on earth beginning with His identification as "the lamb of God who takes away the sin of the world." Just in the second chapter Jesus performs His first miracle by converting water into wine; and also He predicts His resurrection. Jesus' image is built with vivid lessons, instructions, and the priorities of life using many parables tolearn from effectively. Jesus explains the significance of having a relationship with Him with true difference in life, in addition to the importance of living life on earth and determining our eternal destiny after death. Here, He is a Jewish Messiah. John subs tantiates His purpose and the reason He was sent to earth by God. Jesus' persona clarifies the truth about God, eternity, and making a choice to accept Him as our personal Savior. He becomes flesh and makes His dwelling among us. He came to earth in human form by stooping to the human level with a vision of dying a physical death for taking away our sins. From the beginning John's Jesus was with God, and Jesus was God. Jesus is the key to membership in God's family. Matthew's ministry of Jesus is restricted only to Galilee with Jerusalem trip in the end; whereas for John that is full of traveling with diverse locations. John's Jesus issupposed to be questioned; some explanation is released upon question. Whereas Matthew' Jesus is the preacher with the conclusion without a need of clarification. Both depictions conjure up Jesus to be the God; but Matthew's Jesus reflects a journey from human to God, while John's Jesus remains God throughout. Matthew's presentation is of a human form, initially, that later on develops into the vast personification of God; Johns' presentation is of the God Himself since the onset taking birth as a human to help and save the people. The scenepresented in Gospel of Matthew exhibits a tendency of "no question" because He is the God. Jesus in Gospel of John, though being a divine power, helps people with explanation. Iftheformer is just a Teaching, then the later is a kind of Learning. If the former is a story of Reali zation, the later is a story of Incarnation. However, the illustration by Matthew is believed to be more correct due to being in accordance with the "original voice" and the historical actuality. The illustration of John is
Thursday, October 17, 2019
The culture and social impact of YOU TUBE Essay Example | Topics and Well Written Essays - 500 words
The culture and social impact of YOU TUBE - Essay Example They watch it for their knowledge as well as informational expansion. YouTube has recordings from different sources. It keeps one glued to its aura. YouTube has the power to change perceptions by showing all the sides of a concept or story. The world of Internet has helped YouTube to expand in an exponential way. It has viewers from all over the world. YouTube has made available all past recordings of TV programs, short films and documentaries. It has in its archives the historical content too. The amateur videos are also present within YouTube. It makes YouTube a very fun-loving experience. Viewers enjoy spending time on YouTube. Writers and directors watch it to understand different cultural divides. Some watch clippings on YouTube to plagiarize which is a wrongful deed. However the incentives and drawbacks are there when one talks of YouTube. YouTube has cut through barriers. It has invited creative content to be available in a free flowing way. YouTube is interesting as it paves way for creative expansion. It gives the youngsters a feel that they are closely associated with each other. The societal aspects are also given significance. The people-to-people linkage on the Web is made possible. The cultural exchanges come into the play as well. There is interaction within the different cultures. Mass media has suffered due to the presence of YouTube. The media fraternity believes it is a direct attack on their content. However proponents of free speech think the exact opposite. There are a number of different viewpoints in entirety. Some see it as a cultural and social bonding phenomenon. Others view it as a place where ideas get stolen. There could be a host of options for the viewers. This makes them remain glued to YouTube for a number of reasons. In addition, mass media has issues in the name of copyrights. There are infringement issues as well. The need is to balance all these aspects. The end user must benefit at the end. He should not be made to pay
Citibank IN New Countries for Futures Markets Development Essay
Citibank IN New Countries for Futures Markets Development - Essay Example Furthermore, the projected customer base also determines the market entry approach that best fits that target market. In the case of Chile, the country illustrates an ideal market size approximated at 17.4 million citizens, and with the main degree of economic freedom. In this regard, the best market entry approach for Chile is the improvement of customer engagement and satisfaction through more relevant ad timely communications. This is mainly because of the large projected customer base that in turn requires for additional attention. The real-time relationship between the customers and the bank backed by the timely communications offers in-depth customer insights through each interaction point (Czinkota 512). The turning of customerââ¬â¢s insights into automated and operational brilliance further paves way for the new banking service in Chile thus leading to realization of higher profits. This approach also suits Chile as it incorporates the research evidencing the deficiency of banks to provide value to their customers. Countering this pre-existent condition, this approach enhances the customerââ¬â¢s records using key insights such as their lifestyle and banking behavior. As a result, there exists a more relevant and effective distribution of value to all segments of the customer base. Subsequently, factors such as high ranking in World Bankââ¬â¢s income groups of 2012 and lower middle economy characterize Bolivia. Furthermore, the similarity between Bolivia and Chile as illustrated by the cultural dimensions calls for an entering approach that depicts slow customer attrition while building stronger relationships (Carlton 252). This approach ensures minimal dissatisfaction of customers thus preventing loss of established customer bases to competitors. Through creation of early warning systems, this approach identifies the customersââ¬â¢ turning points prior to their occurrence thus providing a chance to address the customers at risk. In other wor ds, this approach ensures continuous productivity through active implementation of retention measures through shaping the services according to the customerââ¬â¢s preferences. On the other hand, Slovenia illustrates a collective society whose members exchange adherence and loyalty. With a reduced market size, Slovenia calls for a real time customer growth initiative. This approach propels take cross-sell and up-sell to new heights by triggering the target marketââ¬â¢s readiness to open new accounts and enjoy the services offered. Through development of cross-sell and up-sell programs, identification of customerââ¬â¢s readiness to create, change or start utilizing on-line services becomes predictable. As a result, the bank gains control over the sale of certain products and services through studying customer behavior. Foreign direct investment actively participates to the growth of global business through provision of new markets and applicable marketing channels (Graham & S paulding 1). Furthermore, it contributes to provision of cheaper production facilities in a country like Chile where the population is relevantly high. Furthermore, licensing accrues for significantly higher returns through engagement into relatively risky markets such as Bolivia. Following to extreme competition, foreign direct investment facilitates provision and effective utilization of new technology, products and skills. On the other hand, these aspects aid the development of a strong forward
Wednesday, October 16, 2019
The culture and social impact of YOU TUBE Essay Example | Topics and Well Written Essays - 500 words
The culture and social impact of YOU TUBE - Essay Example They watch it for their knowledge as well as informational expansion. YouTube has recordings from different sources. It keeps one glued to its aura. YouTube has the power to change perceptions by showing all the sides of a concept or story. The world of Internet has helped YouTube to expand in an exponential way. It has viewers from all over the world. YouTube has made available all past recordings of TV programs, short films and documentaries. It has in its archives the historical content too. The amateur videos are also present within YouTube. It makes YouTube a very fun-loving experience. Viewers enjoy spending time on YouTube. Writers and directors watch it to understand different cultural divides. Some watch clippings on YouTube to plagiarize which is a wrongful deed. However the incentives and drawbacks are there when one talks of YouTube. YouTube has cut through barriers. It has invited creative content to be available in a free flowing way. YouTube is interesting as it paves way for creative expansion. It gives the youngsters a feel that they are closely associated with each other. The societal aspects are also given significance. The people-to-people linkage on the Web is made possible. The cultural exchanges come into the play as well. There is interaction within the different cultures. Mass media has suffered due to the presence of YouTube. The media fraternity believes it is a direct attack on their content. However proponents of free speech think the exact opposite. There are a number of different viewpoints in entirety. Some see it as a cultural and social bonding phenomenon. Others view it as a place where ideas get stolen. There could be a host of options for the viewers. This makes them remain glued to YouTube for a number of reasons. In addition, mass media has issues in the name of copyrights. There are infringement issues as well. The need is to balance all these aspects. The end user must benefit at the end. He should not be made to pay
Tuesday, October 15, 2019
Electronic Recruiting System Description Assignment
Electronic Recruiting System Description - Assignment Example EmployDIVERSITY, Inc. offer employers the job posting prices for members and non-members. A single job posting which will go online for 30 days is charged with $75.00. The company, however, offers more affordable packages for five or 10 or more job postings which charge recruiters $60.00 and $50.00 respectively for a one-month posting service (ââ¬Å"Job Posting Rates,â⬠n.d.). Basic and Plus membership plans, moreover, are offered for $199.00 and $499.00 per quarter accordingly with services like free 10 to unlimited jobs postings in the duration of four months as well as unlimited resume bank access, unlimited resume search agents, free corporate profile and a link to a corporate web site with specified user access for each (ââ¬Å"Job Posting Rates,â⬠n.d.). The site of JobMonkey, Inc., on the other hand, turns out to be more affordable for employers as it costs $5.00 less than the first companyââ¬â¢s price and for a duration twice longer as the first while four and six-month-period single job postings are given for $117.00 and $156.00 respectively (ââ¬Å"Post a Job,â⬠n.d.). Additionally and on the contrary to the first, JobMonkey, Inc. offer non-standardized packages that are designed specifically to suit the individual companyââ¬â¢s needs. Setting up of a company profile, banner advertising, and access to job seeker database services are also offered and for specified fees. Featured employer listing service which will be posted on their Featured Employer section which will be charged with a $300, $500, and $700-rate for a three, six and 12-month service period is also considerably advertised as the feature is seen to increase job seeker visits to the companyââ¬â¢s employment webpage and thus, faster recruitment process (ââ¬Å"Post a Job,â⬠n.d.).
Monday, October 14, 2019
The Play the Crucible is set in New England Essay Example for Free
The Play the Crucible is set in New England Essay A Crucible is a melting pot in which metals are melted together to form a pure metal. Millers characters represent these impure metals from Danforths eyes, as he came to determine Abigails accusations. Miller allows the reader to see how it was believed that the Bible should be interpreted in one way. This belief made sure that if you interpreted the bible wrongly, you would then have to undergo a thorough investigation. But the investigation Danforth underwent, interpreting if Abigails accusations were true or false was not thorough enough as his misinterpretation led to innocent deaths. In the beginning of the play we can already see that the characters are already being put to the test. Betty, Parriss daughter, is not waking up, will you wake, will you open your eyes? Paris saw the girls dancing naked in the woods. This line is significant as it allows Miller to get into the readers mind and makes them think a million thoughts at once. The reader knows that Paris saw the girls dancing, but now he/she is thinking could the dancing have anything to do with her not waking up, is Paris blaming himself for this because he saw what was going on and didnt stop it before the spell was cast on Elizabeth, which is not known at this point of the novel. Miller not only creates a scene but he builds tension with each and every single line. In this scene tension builds as more and more characters get to know that Betty is not waking up. John Proctor, a father of two boys, a farmer in his middle 30s and a man who made a fool feel foolish in his presence, in this case the fool of the novel was Reverend Samuel Parris. Well Proctors character gets toyed around with and tested in act 2 by Elizabeth Proctor his wife. She has never lied but she loves her husband so much that she will lie for him, when she is asked by Danforth if Proctor has ever committed the crime of lechery (adultery), she tells a lie and says no, sir. This tests Elizabeths character by making her do something she has never done (tell a lie). This test proves to the reader that she loves her husband so much that she will go to the extent of do anything for him, even something she has never done before. Why, then, it is not as you told me, Elizabeth proctor toys around with Proctor in the beginning of Act 2, slowly making him admit to her, that he committed lechery (but he doesnt say he does). The toying around with Proctor that Elizabeth did is an excellent test that shows the reader Proctors limits. We know Proctors limit has been reached as he bursts out and tells her she shouldnt judge him I must have mistaken you for God Let you look for the goodness in me, and judge me not. The questioning of Proctor by Hale in Act 2 is a moment in the reader gets proof of Proctor s deep regret for the sin he had committed. You have said that twice, sir, Proctors failure to complete the reciting of the ten commandments is key as it lets the readers imagination loose. This could be interpreted in many ways but it made me think that he was really ashamed of what he had done, as he knew the commandment but didnt want to say it because he was ashamed of it. The questioning of Proctor during this Act allows the reader to get to grips on Proctors character. So in the contrary Miller constantly put his characters through the process of trying to purify them and make them become perfect in Danforths eyes but had a massive turn around in the end of it all and resulted in death, take his shame away, we have seen how much proctor didnt want his name to be spoilt for his children, what more proof is needed to show the reader that this is a man who loved others more than himself and . He refused to sign away his name and decided to die a man with a good name. Nothing could have changed his mind he had decided on keeping his name. Miller may have formed his pure metal but his crucible had a hole in it and this hole allowed some metals to escape so I guess it wasnt fully a pure metal.
Sunday, October 13, 2019
Relationship between Inflation Rates and Employment
Relationship between Inflation Rates and Employment CHAPTER 1 Gross Domestic Product as an indicator of wealth and therefore quality of life has long been criticized (Mederly, P. and et al. 2003). Gross Domestic Product (GDP) is the value of total production of goods and services in a country over a specified period, typically a year. The gross domestic product (GDP) or gross domestic income (GDI) is a measure of a countrys overall economic output GDP can be determined in three ways, all of which should in principle give the same result. The most direct of the three is the product approach, which sums the outputs of every class of enterprise to arrive at the total. The expenditure approach works on the principle that all of the product must be bought by somebody, therefore the value of the total product must be equal to peoples total expenditures in buying things. The income approach works on the principle that the incomes of the productive factor must be equal to the value of their product, and determines GDP by finding the sum of all producer s incomes (Bureau of Economic Analysis, U.S Department of Commerce, 2007). The most common approach to measure GDP is the expenditure method: GDP= private consumption + gross investment + government spending + (exports à ¢Ãâ imports) GDP = C + I + G + (X-M) (Equation 1.1) An event in 1975 that remind us the current GDP in our country where the Malaysian economy slumped into its great recession, with a GDP growth rate of only 0.8 percent, compared to 8.3 percent in 1974. This is one of the effects of increase in oil prices and then substantial price increase in 1973 were bought about mainly shortage of food and raw materials arising from bad weather and increased aggregate demand (Cheng, M.Y. and Tan,.H.B. 2002). According to the above circumstances occurred in 1975, the researcher has choosing one of variables that may relate with fluctuation of GDP which is inflation rate. Inflation means either an increase in the money supply or an increase in price levels. Generally, when we hear about inflation, we are hearing about a rise in prices compared to some benchmark. The study of the effects of inflation on economic growth continues to be an important and complex topic in economics. If inflation has real economic effects, then governments can influence economic performance through monetary policy (Risso, W.A and Carrera, E.J.S, 2009). Therefore, investigating how inflation affects economic growth pertains directly to the optimal design of monetary policy. Results from such studies are particularly important for economies. Besides the inflation, the researcher has considered total employment as one of the variable in the model since economic growth and employment are correlated between each others. The relationship between unemployment and GDP is called Okuns law. It is the association of a higher national economic output with the decrease in national unemployment. This is because in order to increase the economic output of a country, people will need to go back to work, thus lowering unemployment. In order to support the relationship exist between GDP and employment, the researcher has found out the issue supporting the theory that GDP and employment has a positive relationship between each others. According to Hassan, M.K.H. and et al. (2010), in the period of 1996 -1997, the manufacturing sector experienced a rapid growth producing the employment rate in the sector to grow at 7.7 percent per annum but later declining to negative 3.6 percent in 1998 due to the economic recession. In addition, in year 2000, the Malaysian manufacturing sector contributed 33.4% to gross domestic product (GDP), 85.2% to total export and 27.6% to total employment. 1.2 PROBLEM STATEMENT Inflation is a major source of economic instability because it weakens incentives for work and production, distorts the allocate efficiency of the market mechanism, erodes international competitiveness of the domestic industry, and reduces growth potential. According to study by Fischer and Modigliani (1980) suggested a negative and nonlinear relationship between the rate of inflation and economic growth through the new growth theory mechanism. Furthermore, inflation also damages economic growth by lowering domestic and foreign savings, reducing efficiency of resource allocation, and deteriorating the balance-of payments (Risso, W.A. and Carrera, E.J.S., 2009). According to Cheng, M.Y. and Tan, H.B. (2002), the economy has experienced episode of high (1973-1974, 1980-1981) and low (1985-1987) regimes of inflation, and was able to contain low and stable inflation during the high economy growth period of 1988-1996. The second problem statement that should be concerns since the employment can affect the economic growth and it is important variable to determine the quality of production for national output and next will influence the GDP of our country. For example, in the early 1990s, the unemployment rate increased for about a year following the end of the previous recession. Coming out of a recession, companies are thought to be reluctant to hire many more workers until they are convinced about the sustainability of a new economic recovery while people who had left the labor force during the recession return to seek to find jobs (Seyfried, W.). Therefore, the researcher conducts this research in order to examine the correlation exists between inflation rate and employment with GDP so that we can help the country to mitigate the problem occurs by supporting the governments policies to increase the countrys GDP. In addition, this research also useful since the results of the studies can be used in policys decision for resource allocation in order to accelerate economic growth. 1.3 OBJECTIVES The objectives of the study are to: 1.3.1 Analyze the relationship between Inflation Rate and Gross Domestic Product in terms of magnitude and direction. 1.3.2 Analyze the relationship between Total Employment and Gross Domestic Product in terms of magnitude and direction. 1.4 SIGNIFICANCE OF THE STUDY The significances of this study are as follow: 1.4.1 Researcher This study will help the researcher to complete their course requirement and will be as guidelines for their field of work in the future. The researcher can gain many experiences in order to complete this research. There are lot of weaknesses may be obtained and this will encourage the researcher to provide the better research in the future. Future researcher will know and more understanding about gross domestic product when conduct this research. It will give the knowledge to the researcher to identify the correlation exist between inflation rate and employment and it always make the researcher briefing to know deeply and applied the study. 1.4.2 Organization This study might help the organization in analyzing the countrys economic condition in order to prevent and reduce the risk during the inflation and know the effects of the crisis occurs to them. This study also may give some guidance to them to protect their company and industry itself. 1.4.3 Public This study can inform and gives some knowledge to the public the relationship between economic growth, inflation rate and employment. They also can make preparation to face the increasing in inflation rate and able to survive in that situation. 1.5 SCOPE OF THE STUDY The researcher chooses to conduct the research about GDP in Malaysia from 2000 until 2010 In this study, the researcher wants to determine the correlation exist between inflation rate and employment with GDP in Malaysia. It is important because as economic planners and forecasters used the GDP per capita in monitoring economic growth trend for time series. The collection of data of GDP, inflation rate and total employment were collected from Department Of Statistics Malaysia in quarterly basis. 1.6 THEORETICAL FRAMEWORK Figure 1.1: Theoretical Framework INFLATION RATE GROSS DOMESTIC PRODUCT EMPLOYMENT RATE RATE Independent variables Dependent Variable Figure 1.1 represents the dependent variable and independent variables in this study. The function of theoretical framework has been clarified by Sekaran, U. (2003) which is a conceptual model of how one theorizes or makes logical sense of the relationship among the several factors that have been identified as important to the problem. Figure above clearly discuss the correlation between Gross Domestic Product which is variable primary to the researcher while Inflation Rate and Employment act as independent variable which is influences the dependent variable. 1.7 HYPOTHESIS In classical test of significant, two kind of hypothesis are used. They are Null Hypothesis and Alternate Hypothesis. Hypothesis is a conjectural statement that describes the relationship among variable even negative or positive. Null hypothesis which is represent by H0 symbol to show that the relationship between independent and dependent variable is not exist. However alternate hypothesis is representing by H1 symbol to show that the relationship is existing between both dependent and independent variable. According to Sakaran (2004), a hypothesis defines as a logically conjectured relationship between two or more variables expressed in the form of testable statement. Relationship a conjectured on the basis on the network of associations established in the theoretical framework formulated for the research study. There are two hypotheses that can describes the correlation exists between dependent variable and independent variables. Therefore the hypothesis that can be tested as follows: Inflation and GDP H0: there is no significant relationship between inflation and GDP. H1: there is a significant relationship between inflation and GDP. Employment and GDP H0: there is no significant relationship between employment and GDP. H1: there is a significant relationship between employment and GDP. 1.8 LIMITATION / CONSTRAINTS The limitations / constraints are: 1.8.1 Time constraint The length of time is limited since the researcher does not have much time to make detailed research. The time provided only three months and the researcher need to divide time properly to complete the research because the process of collecting data is quite difficult. 1.8.2 Cost constraint The cost involves is quite high since as a student, the researcher only depend on the loan applied. Examples of cost involve in order completing this research such as cost of printing, cost of maintaining the laptop, cost of surfing the internet and etc. 1.8.3 Data constraint Since the researcher use the secondary data, the collection of data that have been publish are so limited and the related material are not very supporting the topic of research. 1.8.4 Lack of experience The researcher is less of experience in conducting the research therefore needs to refer the researchers advisor to process the data and learning the skill that needed as a good researcher. CHAPTER 2 LITERATURE REVIEW 2.1 DEPENDENT VARIABLE 2.1.1 GROSS DOMESTIC PRODUCT (GDP) Generally, according to Chan, W.W. and Lam, J.C. (2000), gross domestic product is a common measure of the economic well-being of a society. When government officials plan for the future, they consider the various economics sectors contributed to the gross domestic products. In the other study by Ivanov, S. and Webster, C. (2007), they use the growth of real GDP per capita gr as a measure of economic growth in line with other publications in the field (see Ivanov and Webster, 2007; Lopes et al., 2002; Plosser, 1992). The function of GDP also has been explained by Kosmidou, K. (2008) where gross domestic product (GDP) is among the most commonly used macroeconomic indicators, as it is a measure of total economic activity within an economy. The gross domestic product growth (GDPGR), calculated as the annual change of the GDP, is used as a measure of the macroeconomic conditions. The significance between GDP, foreign trade and foreign direct investment has been discussed by Liu Ying and Cui Riming (2008) where the economy is highlighted by the significant performance of both its economic growth and its foreign trade and foreign direct investment. Under this background, the correlation of foreign trade, foreign direct investments and economic growth in has become an important issue for academic research. Previous studies support that foreign trade and foreign direct investment have positive impacts on gross domestic product (GDP). In the study by Malul, M. and et al. (2008), the GDPpc is used mainly to compare the standard of living in different countries. It means that the higher of cost of living in a country, the higher earning of gross domestic product of the country. According to Wong, K.Y.(2008),economic growth of an economy refers to the expansion of its production possibility set, as a result of accumulation of primary factors such as labor and capital (physical and human), or improvement of production technologies. However, because the production possibility frontier (PPF) of an economy is not observable, economic growth is usually measured in terms of the growth rate of some observable variables such as real GDP or real per capita GDP. Besides that GDP also one of the result of the countrys economic activities based on the statement of Daly and Cobb (1989), GDP expresses the content of physical flows of à ¢Ã¢â ¬Ã
âcapital, industrial production, services, resources and agricultural productà ¢Ã¢â ¬?. The scientific research has been conducted by Ligon and Sadoulet (2007) using a sample of 42 countries show that GDP growth, which comes from agriculture is at least twice as effective in reducing poverty compared to GDP growth coming from nonagricultural areas. In order to know the correlation between inflation and growth, Gokal, V. and Hanif, S. (2004), stated that the tests revealed that a weak negative correlation exists between inflation and growth, while the change in output gap bears significant bearing. The causality between the two variables ran one-way from GDP growth to inflation. While, according to some consensus exists, suggesting that macroeconomic stability, specifically defined as low inflation, is positively related to economic growth. 2.2 INDEPENDENT VARIABLES 2.2.1 INFLATION RATE (INF) Inflation on economic growth continues to be an important and complex topic in economics. If inflation has real economic effects, then governments can influence economic performance through monetary policy. Therefore, investigating how inflation affects economic growth pertains directly to the optimal design of monetary policy. According to Andres and Hernando (1999), for example, reducing inflation by one percentage point when the rate is 20 percent which results in an increase in the growth rate of 0.5 percent, compared to reducing inflation by one percentage point when the inflation rate is around 5 percent, which results in a decrease in the growth rate by 1 percent. Furthermore, a study by Mallik and Chowdhury (2001), the structuralisms argue that inflation is necessary for economic growth, whereas the monetarists argue the opposite, that is, inflation is detrimental to economic growth such debate started in the 1950s, focused on developing countries, which had long suffered fro m low-growth rates with high rates of inflation and larger deficits in the balance of payments. In order of inflation, the monetarists argue that price stability promotes economic growth and protects the balance of payments. They argue that inflation is major sources of economic instability because it weakens incentives for work and production, distorts the allocative efficiency of the market mechanism, erodes international competitiveness of the domestic industry, and reduces growth potential. They also argued that inflation damages economic growth by lowering domestic and foreign savings, reducing efficiency of resource allocation, and deteriorating the balance-of-payments. To monetarists, stable prices are the starting point in the process of economic development. The policy choice of a country would be stabilization with growth, or stabilization without growth. Several papers are typical of the monetarist tradition. To argue that, according to Fischer and Modigliani (1980) suggested a negative and nonlinear relationship between the rate of inflation and economic growth through the new growth theory mechanism proposed a model where the agents decide the level of labor output, and an increase in inflation reduces labor supply, and producing a decrease in economic production. On the other hand, a study by Mundell and Tobin (1965), the structuralizes argue that inflation normally accompanies economic growth in developing countries because structural rigidities and bottlenecks in supply sectors prevent the elastic supply of some basic commodities such as food, housing, energy, and transportation. Increased income as a result of growth would expand demand for such basic commodities, and prices would rise. The structuralize position is that economic difficulties in developing countries have roots deeper than just the results of inflation. Thus, structuralizes thought that inflationary pressures and det erioration in the balance of payments inevitably are attendant matters of economic growth. In developing countries, there thus would be a trade-off relationship between economic growth and inflation and an attendant deterioration in balance of payments. If a developing country wants stabilization of prices and balance of payments, it must reduce the speed of economic growth, including a sacrifice of employment. Among scholars who support the structuralize position on a positive relationship between inflation and economic performance, predict a positive relationship between the rate of inflation and the rate of capital accumulation, which in turn implies a positive relationship to the rate of economic growth. But, DeGregorio (1996) and Fischer (1926) pointed out, since money and capital are substitutable, an increase in the rate of inflation increases capital accumulation by shifts in portfolios from money to capital and thereby stimulate a higher rate of economic growth was the first to establish a negative correlation between inflation and unemployment. According to Grier and Grier (2006), it presents evidence on the real effects of inflation and inflation uncertainty on output growth. Their main findings are as follows: Inflation uncertainty has a negative and significant effect on growth Once the effect of inflation uncertainty is accounted for, lagged inflation does not have a direct negative effect on output growth; and As predicted higher average inflation raises inflation uncertainty, and the overall net effect of average inflation on output growth. Differ with theory of Bortis, H. (2004), he argues that inflation is a macroeconomic phenomenon represented by a gap between global supply and global demand. Inflation affects the money-output relationship, as does deflation; both phenomena modify the purchasing power of money over domestic output. In this view, price indices cannot come to grips with the inflation phenomenon. While Cheng and Tan (2002) in their study inflation in Malaysia, suggested that main factors affecting Malaysian inflation were external (foreign trade, foreign direct investment and technology transfer). Malaysia has been comparatively successful in balancing strong economic growth with moderate levels of inflation in the periods preceding and following the Asian Financial crisis. Actually, empirical results related to low and medium inflation are of a mixed nature; some papers (mainly these analysing the developed economies) argues that moderate inflation negatively affects growth (e.g. Alexander, 1997, Gillm an et al. 2002; Gillman and Harris 2009; Gillman et al. 2001; Fischer 1993; De Gregorio 1992 and 1993) while other argues that moderate inflation is actually stimulating growth. On the theory side Friedman (1977) in his Nobel lecture argues that a positive relationship between the level of inflation and inflation uncertainty. Friedman points out higher inflation leading to greater uncertainty, which lowers welfare and efficiency of output growth. On the other hand, Ball (1992) formalizes Friedmans hypothesis using an asymmetric information game where public faces uncertainty regarding the type of policymaker in the office. One of the policymaker is willing to tolerate a recession to reduce inflation and the other is not. During the low inflation time, both type of policymakers will attempt and try to keep it low. But, when inflation is high, only the tough type or anti-inflation policymaker will bear the economic costs of disinflation. The argument that central banks should emphasize holding down inflation comes from the beliefs that inflation has an adverse effect on macroeconomic variables, such as output and productivity growth. According to Clark (1982), inflation causes misperception of the relative price levels and leads to inefficient investment plans and therefore affects productivity inversely. Furthermore, inflation erodes tax reductions for depreciation and raises the rental price of capital, which in turn causes a reduction in capital accumulation and therefore in labour productivity. In addition, according to Feldstein (1982) inflation disrupts investment plans by imposing a higher tax rate on corporate profits and through higher effective tax rates on corporate income and accordingly affects productivity (Gilson, 1984; Boskin et al., 1980). Finally, inflation distorts price signals and reduces the ability of economic agents to operate efficiently (Smyth, 1995). According to Chen and et al. (1991), it has documented a significant relationship between the US stock returns and real economic variables such as industrial production, real GNP, interest rates, inflation and money supply. Besides that, there are also otherwise arguments that there is no relation between inflation rate and gross domestic product in the long run. For instance, Faria and Carneiro (2001) investigate the relationship between inflation and output in the context of an economy facing persistent high inflation and they find that inflation does not affect real output in the long run, but that in the short-run inflation negatively affects output. In addition, scholars such as Sidrauski (1967) suggest that there is no relationship between inflation and economic growth, supporting the hypothesis of super neutrality of money. On the other hand, Sarel (1995) asserts that there is a nonlinear relationship between inflation and economic growth. Using 87 countries, he finds the existence of an inflation threshold of 8 percent. Above the threshold there is a negative relationship between inflation and economic growth, whereas under the threshold there is a positive but not significant relationship. The others studies in order to prove Sarels result, Judson and Orphanides (1996) divide Sarels sample of countries into three groups, and they find similar results to Sarel, finding a threshold of 10 percent. Ghosh and Phillips (1998a, b) study 145 countries in the period 1960-1990 again finding similar results. Paul et al. (1997) study 70 countries (of which 48 are developing economies) for the period 1960-1989. They find no causal relationship between inflation and economic growth in 40 percent of the countries, bidirectional causality among 20 percent of the countries, and unidirectional causality for the rest (either inflation to growth or vice versa). Lastly, Mendoza (1998) finds that inflation has had no effect on Mexicos long-run economic growth since he conducted the study of inflation in Mexico. 2.2.2 EMPLOYMENT Some of studies have been conducted to examine the relationship between gross domestic product and employment. For instance, according to Okun (1962) and Philips (1958), they found different relationship both of these. Okun found a negative correlation between unemployment and economic growth, then from both propositions it can be deduced a positive relationship between economic growth and inflation while Phillips proposed a positive relationship between inflation and unemployment implying the same type of relationship. In addition, Boltho and Glyn (1995) found elasticities of employment with respect to output growth in the order of 0.5 to 0.6 for a set of OECD countries. While according to Evangelista and Perani (1996) discovered evidence suggesting that restructuring of major economic sectors reduce the relationship between economic growth and employment. A specific research conducted by Seyfried, W., among the G7 countries (Canada was excluded), a positive and significant relationship between growth in value added and employment was found only in Germany and the US. In addition, according to Verdoon (1949) and Kaldor (1966), an increase in output growth of 1 percent leads to an increase in productivity and employment growth of half a percentage point each. It should be noted that the higher the productivity effects of growth, the more difficult it will be to keep unemployment from rising. According to Okuns Law an increase of the economic growth rate by 3 percent (above the normal rate) was expected to reduce the unemployment rate by 161 percentage point. Or, to put it the other way round: The gain of real GDP associated with a reduction in unemployment of one percentage point was estimated to be 3 percent. Several studies also have been conducted to examine the correlation exists between employment and inflation rate. One of the studies by Spithoven, A.H.G.M. (1995), by the end of the 1960s evidently there was no fixed relationship between unemployment and inflation. Empirical research revealed that the relationship was not consistent over time and varied sharply between countries. This was explained as follows: in the short run higher nominal wages attract more labour and engender a fall in the rates of unemployment. As soon as the workers recognize the wage rise to be purely nominal they abstain from work, and unemployment is restored to the pre-wage-rise level, but with a level of prices higher than before. Secondly, according to Brenner (1991), confronted with a combination of unemployment and inflation (stagflation), many governments abandoned efforts to regulate the economy by the Keynesian instruments. They declared fiscal policies ineffective and sought refuge in a mixture of m onetary measures with supply-side economics. According to Keynes (1946), the volume of employment is given by the point of intersection between the aggregate demand function and the aggregate supply function. This was naively interpreted and construed to imply that a rise in costs à ¢Ã¢â ¬Ã¢â¬Å" and with this was meant a rise in costs owing to increasing government expenditure à ¢Ã¢â ¬Ã¢â¬Å" will result in an upward shift of the supply curve and will cause greater unemployment and inflation. CHAPTER 3 RESEARCH METHODOLOGY AND DESIGN 3.1 MODEL SPECIFICATION This study is to examine the correlation exists between inflation rate and total employment with gross domestic product. It uses secondary data which is based on time series data. The collection of time series data from 1982 to 2006 and the scope is in Malaysia. The researcher applied STATA software to process the data and log-log model in this study. The model applied a log transformation, since log transformations help, at least partially, to eliminate the strong asymmetry in the distribution of inflation (Sarel, 1995) and (Ghosh and Phillips, 1998a, b). The logarithm equation is written in the Equation 3.1. GDP = ÃŽà ± + ÃŽà ²1In(INF) + ÃŽà ²2ln(EMP) + ÃŽà µ (Equation 3.1) Where, GDP = Gross Domestic Product ÃŽà ± = Constant ÃŽà ²1 = Inflation ÃŽà ²2 = Employment ÃŽà µ = Error term In above equation, it shows clearly dependent variable that has been applied in this study is gross domestic product, besides that, the researcher also used two independent variables which are quantitative variables, they are inflation rate and total employment. 3.1.1 DEPENDENT VARIABLE The dependent variable is the variable of primary interest to the researcher. The researchers goal is to understand and describe the dependent variable, and to explain its variability, or predict it (Sekaran, 2006). Dependent variable of this study is factor contributed to the gross domestic product. According to Zikmund (2000), independent variable is a criterion that predicted or explained. It show that the component contributed to improving of gross domestic product depend on the listed independent variables. 3.1.2 INDEPENDENT VARIABLES According to Zikmund (2000), independent variables that expected to influence the dependent variable. Refer to (Burn and Bush, 2000), independent variables are those variables over which the researcher has some control and wishes to manipulate. In this study, two independent variables will influence the dependent variables. They are inflation rate and employment. 3.2 DATA SET AND METHODOLOGY The collections of data in this research only gain from secondary data and based on time series data which are from 2000 to 2010. The researcher has considered annual data of real GDP, inflation rate and employment. All the data on the growth rate of real GDP, Inflation and total employment were obtained from Department of Statistics Malaysia database. GDP is considered per capita. In addition, according to Aigenger (2005) per capita real GDP is also used as an alternative measure of productivity, as some theoretical models do. Moreover, according to OECD (2001), living standards as represented by per capita income reflects productivity since the former is determined, to a significant extent, by the latter. CPI consider in weight 100 while employment in number of labor. The variables were selected based on relevant economic theories that allow for the interaction among inflation rate and total employment in addition to response to GDP. 3.3 TECHNIQUE ANALYSIS DATA In this research, the researcher has applied unit SPSS in order to determine time series data is stationary or non stationary about the correlation between inflation rate and employment with gross domestic product. The researcher examines the existence of a long-run relationship between inflation and employment with GDP using a vector error-correction model (VECM) after applying Johansens (1988, 1990, and 1995) cointegration technique. We conduct a test for weak exogeneity in order to do inference. Then, the researcher conduct stability test by using Jarque Bera test in order to test normality distribution between the variables selected. Finally, a modified version of the Granger causality test is applied in order to analyze causality between the variables. 3.4.1.1 Multiple Regression Analysis Multiple Linear regression analysis is an analysis of the relationship between one variable (dependent variable) and set of variable (independent variables). It is used by the researcher to test the hypothesis. As in all hypothesis tests, the goal is to reject the null hypothesis and accept the alternative hypothesis. This technique will identify how much of the variance in the dependent variables can be explained by independent variables. This analysis is used primarily for the purpose of prediction. The regression model can be used to predict the value of the proposed model in the study is: GDP = f (INF, EMP) GDP = ÃŽà ± + ÃŽà ²1 Inflation+ ÃŽà ²2 Employment + ÃŽà µ Where, GDP = Gross Domestic Pr Relationship between Inflation Rates and Employment Relationship between Inflation Rates and Employment CHAPTER 1 Gross Domestic Product as an indicator of wealth and therefore quality of life has long been criticized (Mederly, P. and et al. 2003). Gross Domestic Product (GDP) is the value of total production of goods and services in a country over a specified period, typically a year. The gross domestic product (GDP) or gross domestic income (GDI) is a measure of a countrys overall economic output GDP can be determined in three ways, all of which should in principle give the same result. The most direct of the three is the product approach, which sums the outputs of every class of enterprise to arrive at the total. The expenditure approach works on the principle that all of the product must be bought by somebody, therefore the value of the total product must be equal to peoples total expenditures in buying things. The income approach works on the principle that the incomes of the productive factor must be equal to the value of their product, and determines GDP by finding the sum of all producer s incomes (Bureau of Economic Analysis, U.S Department of Commerce, 2007). The most common approach to measure GDP is the expenditure method: GDP= private consumption + gross investment + government spending + (exports à ¢Ãâ imports) GDP = C + I + G + (X-M) (Equation 1.1) An event in 1975 that remind us the current GDP in our country where the Malaysian economy slumped into its great recession, with a GDP growth rate of only 0.8 percent, compared to 8.3 percent in 1974. This is one of the effects of increase in oil prices and then substantial price increase in 1973 were bought about mainly shortage of food and raw materials arising from bad weather and increased aggregate demand (Cheng, M.Y. and Tan,.H.B. 2002). According to the above circumstances occurred in 1975, the researcher has choosing one of variables that may relate with fluctuation of GDP which is inflation rate. Inflation means either an increase in the money supply or an increase in price levels. Generally, when we hear about inflation, we are hearing about a rise in prices compared to some benchmark. The study of the effects of inflation on economic growth continues to be an important and complex topic in economics. If inflation has real economic effects, then governments can influence economic performance through monetary policy (Risso, W.A and Carrera, E.J.S, 2009). Therefore, investigating how inflation affects economic growth pertains directly to the optimal design of monetary policy. Results from such studies are particularly important for economies. Besides the inflation, the researcher has considered total employment as one of the variable in the model since economic growth and employment are correlated between each others. The relationship between unemployment and GDP is called Okuns law. It is the association of a higher national economic output with the decrease in national unemployment. This is because in order to increase the economic output of a country, people will need to go back to work, thus lowering unemployment. In order to support the relationship exist between GDP and employment, the researcher has found out the issue supporting the theory that GDP and employment has a positive relationship between each others. According to Hassan, M.K.H. and et al. (2010), in the period of 1996 -1997, the manufacturing sector experienced a rapid growth producing the employment rate in the sector to grow at 7.7 percent per annum but later declining to negative 3.6 percent in 1998 due to the economic recession. In addition, in year 2000, the Malaysian manufacturing sector contributed 33.4% to gross domestic product (GDP), 85.2% to total export and 27.6% to total employment. 1.2 PROBLEM STATEMENT Inflation is a major source of economic instability because it weakens incentives for work and production, distorts the allocate efficiency of the market mechanism, erodes international competitiveness of the domestic industry, and reduces growth potential. According to study by Fischer and Modigliani (1980) suggested a negative and nonlinear relationship between the rate of inflation and economic growth through the new growth theory mechanism. Furthermore, inflation also damages economic growth by lowering domestic and foreign savings, reducing efficiency of resource allocation, and deteriorating the balance-of payments (Risso, W.A. and Carrera, E.J.S., 2009). According to Cheng, M.Y. and Tan, H.B. (2002), the economy has experienced episode of high (1973-1974, 1980-1981) and low (1985-1987) regimes of inflation, and was able to contain low and stable inflation during the high economy growth period of 1988-1996. The second problem statement that should be concerns since the employment can affect the economic growth and it is important variable to determine the quality of production for national output and next will influence the GDP of our country. For example, in the early 1990s, the unemployment rate increased for about a year following the end of the previous recession. Coming out of a recession, companies are thought to be reluctant to hire many more workers until they are convinced about the sustainability of a new economic recovery while people who had left the labor force during the recession return to seek to find jobs (Seyfried, W.). Therefore, the researcher conducts this research in order to examine the correlation exists between inflation rate and employment with GDP so that we can help the country to mitigate the problem occurs by supporting the governments policies to increase the countrys GDP. In addition, this research also useful since the results of the studies can be used in policys decision for resource allocation in order to accelerate economic growth. 1.3 OBJECTIVES The objectives of the study are to: 1.3.1 Analyze the relationship between Inflation Rate and Gross Domestic Product in terms of magnitude and direction. 1.3.2 Analyze the relationship between Total Employment and Gross Domestic Product in terms of magnitude and direction. 1.4 SIGNIFICANCE OF THE STUDY The significances of this study are as follow: 1.4.1 Researcher This study will help the researcher to complete their course requirement and will be as guidelines for their field of work in the future. The researcher can gain many experiences in order to complete this research. There are lot of weaknesses may be obtained and this will encourage the researcher to provide the better research in the future. Future researcher will know and more understanding about gross domestic product when conduct this research. It will give the knowledge to the researcher to identify the correlation exist between inflation rate and employment and it always make the researcher briefing to know deeply and applied the study. 1.4.2 Organization This study might help the organization in analyzing the countrys economic condition in order to prevent and reduce the risk during the inflation and know the effects of the crisis occurs to them. This study also may give some guidance to them to protect their company and industry itself. 1.4.3 Public This study can inform and gives some knowledge to the public the relationship between economic growth, inflation rate and employment. They also can make preparation to face the increasing in inflation rate and able to survive in that situation. 1.5 SCOPE OF THE STUDY The researcher chooses to conduct the research about GDP in Malaysia from 2000 until 2010 In this study, the researcher wants to determine the correlation exist between inflation rate and employment with GDP in Malaysia. It is important because as economic planners and forecasters used the GDP per capita in monitoring economic growth trend for time series. The collection of data of GDP, inflation rate and total employment were collected from Department Of Statistics Malaysia in quarterly basis. 1.6 THEORETICAL FRAMEWORK Figure 1.1: Theoretical Framework INFLATION RATE GROSS DOMESTIC PRODUCT EMPLOYMENT RATE RATE Independent variables Dependent Variable Figure 1.1 represents the dependent variable and independent variables in this study. The function of theoretical framework has been clarified by Sekaran, U. (2003) which is a conceptual model of how one theorizes or makes logical sense of the relationship among the several factors that have been identified as important to the problem. Figure above clearly discuss the correlation between Gross Domestic Product which is variable primary to the researcher while Inflation Rate and Employment act as independent variable which is influences the dependent variable. 1.7 HYPOTHESIS In classical test of significant, two kind of hypothesis are used. They are Null Hypothesis and Alternate Hypothesis. Hypothesis is a conjectural statement that describes the relationship among variable even negative or positive. Null hypothesis which is represent by H0 symbol to show that the relationship between independent and dependent variable is not exist. However alternate hypothesis is representing by H1 symbol to show that the relationship is existing between both dependent and independent variable. According to Sakaran (2004), a hypothesis defines as a logically conjectured relationship between two or more variables expressed in the form of testable statement. Relationship a conjectured on the basis on the network of associations established in the theoretical framework formulated for the research study. There are two hypotheses that can describes the correlation exists between dependent variable and independent variables. Therefore the hypothesis that can be tested as follows: Inflation and GDP H0: there is no significant relationship between inflation and GDP. H1: there is a significant relationship between inflation and GDP. Employment and GDP H0: there is no significant relationship between employment and GDP. H1: there is a significant relationship between employment and GDP. 1.8 LIMITATION / CONSTRAINTS The limitations / constraints are: 1.8.1 Time constraint The length of time is limited since the researcher does not have much time to make detailed research. The time provided only three months and the researcher need to divide time properly to complete the research because the process of collecting data is quite difficult. 1.8.2 Cost constraint The cost involves is quite high since as a student, the researcher only depend on the loan applied. Examples of cost involve in order completing this research such as cost of printing, cost of maintaining the laptop, cost of surfing the internet and etc. 1.8.3 Data constraint Since the researcher use the secondary data, the collection of data that have been publish are so limited and the related material are not very supporting the topic of research. 1.8.4 Lack of experience The researcher is less of experience in conducting the research therefore needs to refer the researchers advisor to process the data and learning the skill that needed as a good researcher. CHAPTER 2 LITERATURE REVIEW 2.1 DEPENDENT VARIABLE 2.1.1 GROSS DOMESTIC PRODUCT (GDP) Generally, according to Chan, W.W. and Lam, J.C. (2000), gross domestic product is a common measure of the economic well-being of a society. When government officials plan for the future, they consider the various economics sectors contributed to the gross domestic products. In the other study by Ivanov, S. and Webster, C. (2007), they use the growth of real GDP per capita gr as a measure of economic growth in line with other publications in the field (see Ivanov and Webster, 2007; Lopes et al., 2002; Plosser, 1992). The function of GDP also has been explained by Kosmidou, K. (2008) where gross domestic product (GDP) is among the most commonly used macroeconomic indicators, as it is a measure of total economic activity within an economy. The gross domestic product growth (GDPGR), calculated as the annual change of the GDP, is used as a measure of the macroeconomic conditions. The significance between GDP, foreign trade and foreign direct investment has been discussed by Liu Ying and Cui Riming (2008) where the economy is highlighted by the significant performance of both its economic growth and its foreign trade and foreign direct investment. Under this background, the correlation of foreign trade, foreign direct investments and economic growth in has become an important issue for academic research. Previous studies support that foreign trade and foreign direct investment have positive impacts on gross domestic product (GDP). In the study by Malul, M. and et al. (2008), the GDPpc is used mainly to compare the standard of living in different countries. It means that the higher of cost of living in a country, the higher earning of gross domestic product of the country. According to Wong, K.Y.(2008),economic growth of an economy refers to the expansion of its production possibility set, as a result of accumulation of primary factors such as labor and capital (physical and human), or improvement of production technologies. However, because the production possibility frontier (PPF) of an economy is not observable, economic growth is usually measured in terms of the growth rate of some observable variables such as real GDP or real per capita GDP. Besides that GDP also one of the result of the countrys economic activities based on the statement of Daly and Cobb (1989), GDP expresses the content of physical flows of à ¢Ã¢â ¬Ã
âcapital, industrial production, services, resources and agricultural productà ¢Ã¢â ¬?. The scientific research has been conducted by Ligon and Sadoulet (2007) using a sample of 42 countries show that GDP growth, which comes from agriculture is at least twice as effective in reducing poverty compared to GDP growth coming from nonagricultural areas. In order to know the correlation between inflation and growth, Gokal, V. and Hanif, S. (2004), stated that the tests revealed that a weak negative correlation exists between inflation and growth, while the change in output gap bears significant bearing. The causality between the two variables ran one-way from GDP growth to inflation. While, according to some consensus exists, suggesting that macroeconomic stability, specifically defined as low inflation, is positively related to economic growth. 2.2 INDEPENDENT VARIABLES 2.2.1 INFLATION RATE (INF) Inflation on economic growth continues to be an important and complex topic in economics. If inflation has real economic effects, then governments can influence economic performance through monetary policy. Therefore, investigating how inflation affects economic growth pertains directly to the optimal design of monetary policy. According to Andres and Hernando (1999), for example, reducing inflation by one percentage point when the rate is 20 percent which results in an increase in the growth rate of 0.5 percent, compared to reducing inflation by one percentage point when the inflation rate is around 5 percent, which results in a decrease in the growth rate by 1 percent. Furthermore, a study by Mallik and Chowdhury (2001), the structuralisms argue that inflation is necessary for economic growth, whereas the monetarists argue the opposite, that is, inflation is detrimental to economic growth such debate started in the 1950s, focused on developing countries, which had long suffered fro m low-growth rates with high rates of inflation and larger deficits in the balance of payments. In order of inflation, the monetarists argue that price stability promotes economic growth and protects the balance of payments. They argue that inflation is major sources of economic instability because it weakens incentives for work and production, distorts the allocative efficiency of the market mechanism, erodes international competitiveness of the domestic industry, and reduces growth potential. They also argued that inflation damages economic growth by lowering domestic and foreign savings, reducing efficiency of resource allocation, and deteriorating the balance-of-payments. To monetarists, stable prices are the starting point in the process of economic development. The policy choice of a country would be stabilization with growth, or stabilization without growth. Several papers are typical of the monetarist tradition. To argue that, according to Fischer and Modigliani (1980) suggested a negative and nonlinear relationship between the rate of inflation and economic growth through the new growth theory mechanism proposed a model where the agents decide the level of labor output, and an increase in inflation reduces labor supply, and producing a decrease in economic production. On the other hand, a study by Mundell and Tobin (1965), the structuralizes argue that inflation normally accompanies economic growth in developing countries because structural rigidities and bottlenecks in supply sectors prevent the elastic supply of some basic commodities such as food, housing, energy, and transportation. Increased income as a result of growth would expand demand for such basic commodities, and prices would rise. The structuralize position is that economic difficulties in developing countries have roots deeper than just the results of inflation. Thus, structuralizes thought that inflationary pressures and det erioration in the balance of payments inevitably are attendant matters of economic growth. In developing countries, there thus would be a trade-off relationship between economic growth and inflation and an attendant deterioration in balance of payments. If a developing country wants stabilization of prices and balance of payments, it must reduce the speed of economic growth, including a sacrifice of employment. Among scholars who support the structuralize position on a positive relationship between inflation and economic performance, predict a positive relationship between the rate of inflation and the rate of capital accumulation, which in turn implies a positive relationship to the rate of economic growth. But, DeGregorio (1996) and Fischer (1926) pointed out, since money and capital are substitutable, an increase in the rate of inflation increases capital accumulation by shifts in portfolios from money to capital and thereby stimulate a higher rate of economic growth was the first to establish a negative correlation between inflation and unemployment. According to Grier and Grier (2006), it presents evidence on the real effects of inflation and inflation uncertainty on output growth. Their main findings are as follows: Inflation uncertainty has a negative and significant effect on growth Once the effect of inflation uncertainty is accounted for, lagged inflation does not have a direct negative effect on output growth; and As predicted higher average inflation raises inflation uncertainty, and the overall net effect of average inflation on output growth. Differ with theory of Bortis, H. (2004), he argues that inflation is a macroeconomic phenomenon represented by a gap between global supply and global demand. Inflation affects the money-output relationship, as does deflation; both phenomena modify the purchasing power of money over domestic output. In this view, price indices cannot come to grips with the inflation phenomenon. While Cheng and Tan (2002) in their study inflation in Malaysia, suggested that main factors affecting Malaysian inflation were external (foreign trade, foreign direct investment and technology transfer). Malaysia has been comparatively successful in balancing strong economic growth with moderate levels of inflation in the periods preceding and following the Asian Financial crisis. Actually, empirical results related to low and medium inflation are of a mixed nature; some papers (mainly these analysing the developed economies) argues that moderate inflation negatively affects growth (e.g. Alexander, 1997, Gillm an et al. 2002; Gillman and Harris 2009; Gillman et al. 2001; Fischer 1993; De Gregorio 1992 and 1993) while other argues that moderate inflation is actually stimulating growth. On the theory side Friedman (1977) in his Nobel lecture argues that a positive relationship between the level of inflation and inflation uncertainty. Friedman points out higher inflation leading to greater uncertainty, which lowers welfare and efficiency of output growth. On the other hand, Ball (1992) formalizes Friedmans hypothesis using an asymmetric information game where public faces uncertainty regarding the type of policymaker in the office. One of the policymaker is willing to tolerate a recession to reduce inflation and the other is not. During the low inflation time, both type of policymakers will attempt and try to keep it low. But, when inflation is high, only the tough type or anti-inflation policymaker will bear the economic costs of disinflation. The argument that central banks should emphasize holding down inflation comes from the beliefs that inflation has an adverse effect on macroeconomic variables, such as output and productivity growth. According to Clark (1982), inflation causes misperception of the relative price levels and leads to inefficient investment plans and therefore affects productivity inversely. Furthermore, inflation erodes tax reductions for depreciation and raises the rental price of capital, which in turn causes a reduction in capital accumulation and therefore in labour productivity. In addition, according to Feldstein (1982) inflation disrupts investment plans by imposing a higher tax rate on corporate profits and through higher effective tax rates on corporate income and accordingly affects productivity (Gilson, 1984; Boskin et al., 1980). Finally, inflation distorts price signals and reduces the ability of economic agents to operate efficiently (Smyth, 1995). According to Chen and et al. (1991), it has documented a significant relationship between the US stock returns and real economic variables such as industrial production, real GNP, interest rates, inflation and money supply. Besides that, there are also otherwise arguments that there is no relation between inflation rate and gross domestic product in the long run. For instance, Faria and Carneiro (2001) investigate the relationship between inflation and output in the context of an economy facing persistent high inflation and they find that inflation does not affect real output in the long run, but that in the short-run inflation negatively affects output. In addition, scholars such as Sidrauski (1967) suggest that there is no relationship between inflation and economic growth, supporting the hypothesis of super neutrality of money. On the other hand, Sarel (1995) asserts that there is a nonlinear relationship between inflation and economic growth. Using 87 countries, he finds the existence of an inflation threshold of 8 percent. Above the threshold there is a negative relationship between inflation and economic growth, whereas under the threshold there is a positive but not significant relationship. The others studies in order to prove Sarels result, Judson and Orphanides (1996) divide Sarels sample of countries into three groups, and they find similar results to Sarel, finding a threshold of 10 percent. Ghosh and Phillips (1998a, b) study 145 countries in the period 1960-1990 again finding similar results. Paul et al. (1997) study 70 countries (of which 48 are developing economies) for the period 1960-1989. They find no causal relationship between inflation and economic growth in 40 percent of the countries, bidirectional causality among 20 percent of the countries, and unidirectional causality for the rest (either inflation to growth or vice versa). Lastly, Mendoza (1998) finds that inflation has had no effect on Mexicos long-run economic growth since he conducted the study of inflation in Mexico. 2.2.2 EMPLOYMENT Some of studies have been conducted to examine the relationship between gross domestic product and employment. For instance, according to Okun (1962) and Philips (1958), they found different relationship both of these. Okun found a negative correlation between unemployment and economic growth, then from both propositions it can be deduced a positive relationship between economic growth and inflation while Phillips proposed a positive relationship between inflation and unemployment implying the same type of relationship. In addition, Boltho and Glyn (1995) found elasticities of employment with respect to output growth in the order of 0.5 to 0.6 for a set of OECD countries. While according to Evangelista and Perani (1996) discovered evidence suggesting that restructuring of major economic sectors reduce the relationship between economic growth and employment. A specific research conducted by Seyfried, W., among the G7 countries (Canada was excluded), a positive and significant relationship between growth in value added and employment was found only in Germany and the US. In addition, according to Verdoon (1949) and Kaldor (1966), an increase in output growth of 1 percent leads to an increase in productivity and employment growth of half a percentage point each. It should be noted that the higher the productivity effects of growth, the more difficult it will be to keep unemployment from rising. According to Okuns Law an increase of the economic growth rate by 3 percent (above the normal rate) was expected to reduce the unemployment rate by 161 percentage point. Or, to put it the other way round: The gain of real GDP associated with a reduction in unemployment of one percentage point was estimated to be 3 percent. Several studies also have been conducted to examine the correlation exists between employment and inflation rate. One of the studies by Spithoven, A.H.G.M. (1995), by the end of the 1960s evidently there was no fixed relationship between unemployment and inflation. Empirical research revealed that the relationship was not consistent over time and varied sharply between countries. This was explained as follows: in the short run higher nominal wages attract more labour and engender a fall in the rates of unemployment. As soon as the workers recognize the wage rise to be purely nominal they abstain from work, and unemployment is restored to the pre-wage-rise level, but with a level of prices higher than before. Secondly, according to Brenner (1991), confronted with a combination of unemployment and inflation (stagflation), many governments abandoned efforts to regulate the economy by the Keynesian instruments. They declared fiscal policies ineffective and sought refuge in a mixture of m onetary measures with supply-side economics. According to Keynes (1946), the volume of employment is given by the point of intersection between the aggregate demand function and the aggregate supply function. This was naively interpreted and construed to imply that a rise in costs à ¢Ã¢â ¬Ã¢â¬Å" and with this was meant a rise in costs owing to increasing government expenditure à ¢Ã¢â ¬Ã¢â¬Å" will result in an upward shift of the supply curve and will cause greater unemployment and inflation. CHAPTER 3 RESEARCH METHODOLOGY AND DESIGN 3.1 MODEL SPECIFICATION This study is to examine the correlation exists between inflation rate and total employment with gross domestic product. It uses secondary data which is based on time series data. The collection of time series data from 1982 to 2006 and the scope is in Malaysia. The researcher applied STATA software to process the data and log-log model in this study. The model applied a log transformation, since log transformations help, at least partially, to eliminate the strong asymmetry in the distribution of inflation (Sarel, 1995) and (Ghosh and Phillips, 1998a, b). The logarithm equation is written in the Equation 3.1. GDP = ÃŽà ± + ÃŽà ²1In(INF) + ÃŽà ²2ln(EMP) + ÃŽà µ (Equation 3.1) Where, GDP = Gross Domestic Product ÃŽà ± = Constant ÃŽà ²1 = Inflation ÃŽà ²2 = Employment ÃŽà µ = Error term In above equation, it shows clearly dependent variable that has been applied in this study is gross domestic product, besides that, the researcher also used two independent variables which are quantitative variables, they are inflation rate and total employment. 3.1.1 DEPENDENT VARIABLE The dependent variable is the variable of primary interest to the researcher. The researchers goal is to understand and describe the dependent variable, and to explain its variability, or predict it (Sekaran, 2006). Dependent variable of this study is factor contributed to the gross domestic product. According to Zikmund (2000), independent variable is a criterion that predicted or explained. It show that the component contributed to improving of gross domestic product depend on the listed independent variables. 3.1.2 INDEPENDENT VARIABLES According to Zikmund (2000), independent variables that expected to influence the dependent variable. Refer to (Burn and Bush, 2000), independent variables are those variables over which the researcher has some control and wishes to manipulate. In this study, two independent variables will influence the dependent variables. They are inflation rate and employment. 3.2 DATA SET AND METHODOLOGY The collections of data in this research only gain from secondary data and based on time series data which are from 2000 to 2010. The researcher has considered annual data of real GDP, inflation rate and employment. All the data on the growth rate of real GDP, Inflation and total employment were obtained from Department of Statistics Malaysia database. GDP is considered per capita. In addition, according to Aigenger (2005) per capita real GDP is also used as an alternative measure of productivity, as some theoretical models do. Moreover, according to OECD (2001), living standards as represented by per capita income reflects productivity since the former is determined, to a significant extent, by the latter. CPI consider in weight 100 while employment in number of labor. The variables were selected based on relevant economic theories that allow for the interaction among inflation rate and total employment in addition to response to GDP. 3.3 TECHNIQUE ANALYSIS DATA In this research, the researcher has applied unit SPSS in order to determine time series data is stationary or non stationary about the correlation between inflation rate and employment with gross domestic product. The researcher examines the existence of a long-run relationship between inflation and employment with GDP using a vector error-correction model (VECM) after applying Johansens (1988, 1990, and 1995) cointegration technique. We conduct a test for weak exogeneity in order to do inference. Then, the researcher conduct stability test by using Jarque Bera test in order to test normality distribution between the variables selected. Finally, a modified version of the Granger causality test is applied in order to analyze causality between the variables. 3.4.1.1 Multiple Regression Analysis Multiple Linear regression analysis is an analysis of the relationship between one variable (dependent variable) and set of variable (independent variables). It is used by the researcher to test the hypothesis. As in all hypothesis tests, the goal is to reject the null hypothesis and accept the alternative hypothesis. This technique will identify how much of the variance in the dependent variables can be explained by independent variables. This analysis is used primarily for the purpose of prediction. The regression model can be used to predict the value of the proposed model in the study is: GDP = f (INF, EMP) GDP = ÃŽà ± + ÃŽà ²1 Inflation+ ÃŽà ²2 Employment + ÃŽà µ Where, GDP = Gross Domestic Pr
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