Explain the Difference Between Sequence and Rate of Development free essay sample

The sequence of development is a process where an event is followed one after the other and achieves a level of succession with a series of changes or growth for example the normal sequence in which babies and children learn different skills rolling over, sitting up, lunging forward, crawling, pulling up, cruising, standing unaided, walking and finally running. If a child has difficulty meeting a milestone it can mean delays in moving onto the next one.However each child is unique and we need to remember that development is holistic, children will â€Å"usually† follow the same pattern of development but the ages in which they reach them can vary depending on the individual and if there are disabilities that may affect them. Developmental milestones are given as a broad average of expectation and so some children may stand out for reaching a milestone earlier or later than their peers.Many skills and areas of development will overlap with each other so for something that is considered a physical skill like playing netball it cannot happen without having social and cognitive skills as well. We will write a custom essay sample on Explain the Difference Between Sequence and Rate of Development or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page If a young person’s growth is different and noticeable to that of their peers this has the potential to affect their behaviour, puberty can vary widely between boys and girls and even between children of the same sex by as much as 3years, having early puberty can attract unwanted attention in the form of acne, body odour or development of breasts.Development is normally divided into different areas but it does all link and connect into one another. Physical development will affect a child’s ability to socialise, grow in confidence and become independent. The rate of development is referring to the speed in which a child will develop, the sequence will always stay the same but the rate will change, when observing a child’s development, it is important to look at all areas but the difference between the sequence and rate is important as it can highlight areas in which the child needs extra support and will help to identify if the child has a special educational need such as dyslexia. The rate at which each child develops is individual to themselves.

Rocky Mountains or Rockies1 essays

Rocky Mountains or Rockies1 essays Rocky Mountains or Rockies, great chain of rugged mountain ranges in western North America, extending from central New Mexico to northeastern British Columbia, a distance of about 3220 km (about 2000 mi). The Rockies are bordered on the east by the Great Plains and on the west by the Great Basin and the Rocky Mountain Trench, a valley running from northwestern Montana to northern British Columbia. The Rocky Mountains form part of the Great, or Continental, Divide, which separates rivers draining into the Atlantic or Arctic oceans from those flowing toward the Pacific Ocean. The Arkansas, Colorado, Columbia, Missouri, RÃ ­o Grande, Saskatchewan, and Snake rivers rise in the Rockies. The Rockies may be divided into four principal sections-Southern, Central, Northern, and Canadian. The Southern Rockies, which include the system's broadest and highest regions, extend from central New Mexico, through Colorado, to the Great Divide, or Wyoming, Basin, in southern Wyoming. This section, which encompasses Rocky Mountain National Park, is composed chiefly of two northern-southern belts of mountain ranges with several basins, or parks, between the belts. The component parts include the Sangre de Cristo and Laramie mountains and the Front Range, in the east, and the San Juan Mountains and the Sawatch and Park ranges, in the west. The Southern Rockies include the chain's loftiest point, Mount Elbert (4399 m/14,433 ft high), in central Colorado. More than 50 other peaks of the Rockies rising above 4267 m (14,000 ft) are in Colorado; these include Longs Peak (4345 m/14,255 ft high) and Pikes Peak (4301 m/14,110 ft high). The Central Rockies are in northeastern Utah, western Wyoming, eastern Idaho, and southern Montana. They encompass the Bighorn, Beartooth, and Uinta mountains and the Absaroka, Wind River, Salt River, Teton, Snake River, and Wasatch ranges. The Uinta Mountains are the only major portion of the Rockies that extends east-west rather...

Marketing for Nike - Questions Essay Example | Topics and Well Written Essays - 1250 words

Marketing for Nike - Questions - Essay Example In 2005 another definition of marketing was developed by AMA. The new definition highlighted the importance of customer value and the quality of communication between the organization and its customers (Ferrell 2012). In 2007 the definition of marketing had to be changed, again, in order to cover a broader audience: the new definition of marketing focuses on the value not just of customers but also ‘of partners and of society at large’ (Ferrell 2012, p.7). In this definition the issue of corporate social responsibility is emphasized (Ferrell 2012). At this point, the need for aligning marketing practices with ethics is made clear. At this point, the application of the above definitions of marketing for NIKE should be explored. NIKE has based its marketing strategy on the needs of its customers (Mourdoukoutas 2012). From this point of view, the organization’s marketing strategy is aligned with the first definition of marketing, as developed by AMA. Another characte ristic of NIKE’s marketing strategy is the importance given to the communication with customers. This fact is made clear, for example, in NIKE’s ‘She Runs The Night’ campaign which was introduced by NIKE in order to improve the communication of the organization with ‘its female customers’ (Marketing 2013). ... The products that the firm developed in order to respond to the demands of such project are presented in Figure 1 below. The first of the images shows NIKE’s new logo while the second and the third images show two products that have been designed in order to help towards the transition to a digital society: ‘a wristband for tracking energy, in the central image, and a watch customized for sports’ (Intelligent HQ 2013). Through such products the firm aims to contribute in the expansion of digital products in daily human activities, a target that it is related to the society at large, and not just to individuals. Thus, NIKE manages to respond to the requirements of the third definition of marketing, as set by AMA. Question B The Marketing Concept reflects the key role of marketing: ‘the satisfaction of customer needs’ (McDonald 2007, p.3). The marketing activities of NIKE seem to be fully aligned with Marketing Concept, as described above. More specific ally: a) NIKE tries to respond to the needs of all its customers; the introduction of a marketing campaign for improving the communication of the organization with women (Marketing 2013) denotes NIKE’s willingness to keep all its customers satisfied, b) in 2013 NIKE presented a watch that it is specially customized for sports (Intelligent HQ 2013); this initiative is an effort of NIKE to respond to the need of its customers for wearing a watch even when being involved in sport activities that are quite demanding, c) moreover, NIKE tries to continuously update its product, emphasizing on innovation (Mourdoukoutas 2012); this practice also denotes the firm’s effort to respond to the need of its customers for innovative products, d) NIKE is aware of the

Choose a contemporary issue and offer an equally outrageous solution Essay

Choose a contemporary issue and offer an equally outrageous solution to highlight its importance - Essay Example Induced abortions according to World Health Organization (19) include those that are performed in relation to legal sanctions and those done against the law. The term therapeutic abortion, strictly defined, according to World Health Organization (19) refers to medically indicated abortion for women whose life or health is in danger in the case of continuation of pregnancy or if the health of the unborn child is threatened by congenital or genetic factors. We are faced by this issue of abortion, and it affects ladies mostly. There are various reasons why ladies opt for an abortion. Kim argues that (7) each year throughout the world forty-six million women chose abortion; that means every two seconds three women choose abortion. Even in the U.S., where there are more than 1 million abortions a year. Many ladies say the following reasons as to why they have an abortion. (Kim, 8-10). they have abortions to save their lives, they might have an abortion because rape or incest caused her pr egnancy, she might have health problems, she might be concerned with the health of the fetus, she might be too young to mother a child Abortion has only an advantage when either of the fetus is in danger, or the mother is in danger. The danger may vary from the mother to fetus, but if the mother's condition is in danger, then abortion is advised. There are many benefits to remaining un-pregnant â€Å"advantages of abortion† (Hill) and he continues to write that, there is solid research proving that having an abortion improves a young woman’s educational outcome. Hill provides a report by Battle Creek which says, â€Å"young women frequent state the issue of unplanned pregnancy and its impact on their financial future and educational as some of the key reasons for seeking abortion. Study findings, legitimates concern, for young women who conceive before the age of 21 and opt for an abortion has better educational outcomes compared to those who conceive before age of 21 and do not go for abortion. â€Å"Abortions Among Young Women and Subsequent Life Outcomes,† by David M. Fergusson et al., published in the March 2007 issue of Perceptiveness on Sexual and Reproductive Health, uses longitudinal data from Christ church Health and Development Study in New Zealand to analyze the extent for the decision abort has advantages to a woman† In an article of â€Å"Pros and Cons about Abortion†, it is argued that, many a times’ abortion helps safeguard woman’s health. There are women who suffer from various hazardous medical conditions such as heart disease, kidney, severe hypertension, and sick-cell anemia. These diseases can be life threatening and an abortion can be used to help prevent these conditions from affecting the mother. It continues to give another reason that, in male chauvinist societies, women are considered nothing more than child bearing machines. Therefore, an abortion provides an individual identity to the woman where she can make a decision on the fate of her child. From my own personal view, trying to look at the stated advantages of abortion, I can say that, there is none. Why, because, one is denying another person a life, same to murder, a fetus, even if still in the womb, its living, its life maturing, it is growing, hence abortion cuts short its life. Arguing from the point of; taking away life of a living thing is so wrong according to

Persuasive text analysis paper Essay Example | Topics and Well Written Essays - 1250 words

Persuasive text analysis paper - Essay Example The use of this art has a notable effect on the public to which it is directed in that it can help to shape a group’s opinions on particular matters. One of the most important speeches in American history utilizes persuasion excellently. It is the ‘I have a dream’ speech by Martin Luther King Junior (King, 2002). King delivered this speech on August 23rd 1963, in Washington to a huge crowd of mainly African American people who had come to listen to him. This speech revolves around the injustices that the black community was continually exposed to during this period. He devised this speech as the start of a revolution against racism that was eating into the United States making the African Americans live impoverished lives (Stewart, 2003). It was a call to not only the black community, but also to the white people to embrace justice in order to ensure equality. As much as the blacks had been freed from slavery almost 100 years back, he explains, true equality betwe en the black and the white folk had not yet been achieved. Racism was still very much a part of their lives, and this affected their living standards significantly. His main problem was mainly the inculcation of this mentality of racial superiority to the young children who did not know any better. It is safe to state that this speechis significant   in the eradication of racism in the United States (Price, 2006). King, in his speech effectively uses persuasion as well as other styles of language that make his speech truly unforgettable. An analysis to determine how effective the art of persuasion was and what effect it had on its audience is conducted. As previously explained, the speech focuses on the problem of racism that was affecting the African American community at that time. King uses the analogy as a language style in order to persuade his audience when also relaying his intended message. An analogy is a style that uses two objects that seem not to be related to each oth er in order to bring out a point. This process is used to provoke the imagination of the listeners to which it is addressed. King uses an analogy of a promissory note that the country provided to the blacks as they were freed from slavery. He states, â€Å"America has given the Negro a bad check; a check that has come back marked ‘insufficient funds† (Lucas, 2001). His analogy employs the use of a well-known object, a promissory note that is a business document that assures or promises and individual of payment at a specified time that both involved parties agree on. King compares the United States’ assurance of equality between blacks and the whites after the abolition of slavery as a promissory note. This promissory note is not valid since it has not fulfilled the conditions it was expected to in the first place. This means that the country has not been true to its word as such; it has given the African American community a ‘bad check’. Resultantly , the African Americans have been forced to live in bad conditions since they do not have the same rights as their counterparts, the white people do. Through this analogy, King altered the way most if not all of his public thought of the issue of racism. It was a problem that they were facing, but they had become complacent since not all their attempts to alleviate the discrimination had been successful. However, this speech gave them a new strength to press for

Relationship between Inflation and employment rates and GDP

Relationship between Inflation and employment rates and GDP INTRODUCTION 1.1 BACKGROUND 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 ¢Ã‹â€ Ã¢â‚¬â„¢ 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 capital, industrial production, services, resources and agricultural product. 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 ec onomic 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 and with this was meant a rise in costs owing to increasing government expenditure 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 = ÃŽÂ ± + ÃŽÂ ²1In(INF) + ÃŽÂ ²2ln(EMP) + ÃŽÂ µ (Equation 3.1) Where, GDP = Gross Domestic Product ÃŽÂ ± = Constant ÃŽÂ ²1 = Inflation ÃŽÂ ²2 = Employment ÃŽÂ 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 pre

Drama Portfiolo About Two Friends Leaving Each Other :: Drama Theatre Acting Plays Essays

Drama Portfiolo About Two Friends Leaving Each Other For a drama piece, we were told to do two friends leaving each other. The time period was in the future. One friend is leaving the house they live in, and going to an unknown planet for a different life, promised by the company taking us was a world were dreams became reality and there were no worries or fears. We could leave our previous life behind for a new, perfect one. The public are free to come but they may only bring five personal items. I worked with Danny. The scene portrayed myself (playing the part of Crispin) packing up my single suitcase and heading to the air base where we would rendezvous with the spacecraft. The character of Crispin is a little unusual. He is very geeky, but he can be quite strong when talking to people, especially Jacob. He stands up for himself. His voice consists of a fast lisp, and a stutter. I think he is quite a nervous person. Though he and Jacob have nothing in common and occasionaly fall out, they are good friends, and they only truly appreciate one another when not in each others company. While packing, Crispin has some soliloquies and thinks deeply about each packed item before placing it in carefully in the case. (Crispin is a very precise character) The first item was a large photo of London, Crispins original home before moving out, to get his own accommodation. Here he does some thought tracking before placing it in the bottom of his personal items case. He thought about his mother and said how much he missed her. The tempo of this scene was very slow, due to all the still images and soliloquies. Crispins mood was quite sad, and as a result his movement was slow and dowdy. His head was down and he shuffled his feet a little uneasily. He interacts with the picture, holding it up in a mime, and looking not at it but into it, bringing back a memory. I played this part on a side profile so that I didn't have my back to the audience, while at the same time it didn't look like I was looking directly at the audience through the picture. As I packed the picture (and the memory) I became more upbeat, this is more like Crispin as he seems contented and in high spirits most of the time. He packed each item with changing emotions. For instance, the picture of him with Jacob at a rock concert, he didn't want to go, but he did it because Jacob needed someone to go with.