Journals
Online ISSN: 2519-9730 | Print ISSN: 2523-0565
Archives
Volume 7 Number 4 December 2022
A Neural Designer for Artificial Neural Network Analysis in Predicting Psychological Impact of Price, Fashion and Weather Changes on Economic Growth
Pages: 77-95Authors: Ntogwa N. Bundala
Abstract
In our daily life, it is common to hear some people lamenting about changes in the commodity price, the fashion of the product or weather conditions. But, is it uncommon to measure the impact of their lamentation on economic growth? This paper aimed to examine the psychological impact of the individual on economic growth when the price of a commodity and fashion of a product, and weather condition changes. The data were randomly sampled from 211 individuals from two regions in Tanzania. The cross-section survey research design was used. The artificial neural network analysis was done with the application of a neural designer. The study finds the positive psychological state of the individual on the price and fashion changes significantly positively impact economic growth. The study concluded that investment in the fashioned industry and psychological pricing strategy is the best tool to gear out economic growth. The study recommends the adoption of the model in the marketing and production firm to diversify their production in the fashioned brands and psychological pricing as evidence to have a significant impact on economic growth.
FIFA World Cup 2022: Does it push the Economic Growth of Qatar and Argentina toward Better? Preliminary Review
Pages: 71-76Authors: Omer Allagabo Omer Mustafa*
Abstract
The twenty-second edition of the FIFA World Cup was held in the State of Qatar (from November 20 to December 18, 2022). The paper aims to answer the question of whether the FIFA World Cup (2010-2018) had a strong positive impact on the economies of the host countries (South Africa 2010, Brazil 2014, Russia 2018). Moreover, the World Cup-winning countries (Spain 2010, Germany 2014, and France 2018). Then explore the primary effects on Qatar’s economy as the country hosting the 2022 World Cup, as well as on Argentina as the winning country of the 2022 World Cup. The results show that there is no consistent pattern of the World Cup’s impact on the economies of those countries. Some countries’ GDP growth increased slightly after the World Cup while others were in a better position before the Cup. Qatar’s GDP growth in quarter 2 of 2022 increased to 6.3% compared to 3.6% in quarter 1. When comparing the GDP growth in quarter 1 and quarter 2, we find that the average increase is approximately 57%. Therefore, we can estimate GDP growth in quarter 3 and quarter 4 is 9.8% and 15.3% respectively. This means that Qatar’s economy is expected to grow by 8.7% in 2022, 9% in 2023, and 5% in 2024. The Argentine economy grew significantly in the year preceding the victory, reaching 10.4% in 2021 compared to (9.9) % in 2019. The Argentine GDP growth increased from 6.0% in quarter 1 to 6.9% in quarter 2 and declined to 5.9% in quarter 3. Consequently, expecting that quarter 4 of 2022, 2022, 2023, and 2024 will achieve 6.5%, 7.0%, 7.3, and 7.5 respectively. Hence, it is not expected that Argentina will be in a better economic situation than it was before winning the Cup, as its GDP achieved a high growth of 10.9% in 2021.