Leadership in the African American Community Essay Example for Free

Leadership in the African American Community Essay African American community had many problems, such as freedom, economic, education, transportation, being unemployment, lack of self defense; lack of power and †¦ therefore different leaderships and organizations were established to help African American. African American wanted to be free because they were USA citizen and they did not like someone call them nigger or free of slave. They wanted to have freedom of speech, vote,, human rights, self defense, they wanted to be free to go to school and be educated, and they did not like people look at them down because of their color. Black people were the last one got hire and the first one got fire when they applied for job. They had very bad situation because they could not find a job easily. That’s why most of them become unemployment and the rest who had job their salary were low. Black people had problem with transportation because most of them did not had a car so it was hard for them to apply for job. Black people wanted to go to school like white people, they wanted to show them they are smart and they can be educated too. They wanted to be educated so they can learn all the law and learn how to talk and have self defense when someone attack to them. Black people were lack of power because of their skin color. White people could be president or having good positions, and they treat Black people as slaves. Black people had to work in white people’s farms like a slaves, and always respect them and say, ‘‘YES SIR’’. Therefore different leadership and organization stand up to defend them in from of all of these problems for example Martin Luther King in her speech said he has a dream and talks about freedom and how Black and white should be equal, he said Black people should vote, and should be free and go to school. Ella baker also helped Martin Luther King in different way, she established different organization, and she moved to different states and having different conference with different people. There are other leadership and organization which help them out which I am going to talk about it later. Work cited Ransby, Barbara. Ella Baker and the Black Freedom Movement. The University of North Carolina. Press, in Chapel Hill and London 2003. The Video: FUNDI http://moodle. wolfware. ncsu. edu/file. php/33965/FUNDI. m4v Hodak, George. Martin Luther King Assassinated. ABA Journal 97. 4 (2011): 72. Academic Search Complete. Web. 12 Apr. 2013. Brooks, Gwendolyn. Martin Luther King Jr. Storyworks 17. 4 (2010): 3. Primary Search. Web. 12 Apr. 2013. Haskins, Jim. Martin Luther King, Jr. Cobblestone 31. 1 (2010): 28. MasterFILE Complete. Web. 12 Apr. 2013. MARTIN LUTHER KING JR. (Cover Story). Scholastic Action 27. 7 (2004): 4. MasterFILE Complete. Web. 12 Apr. 2013. Tutashinda, K. , and D. C. The Grassroots Political Philosophy Of Ella Baker: Oakland, California Applicability. Journal Of Pan African Studies 3. 9 (2010): 25-42. Academic Search Complete. Web. 12 Apr. 2013. Baraka, Amiri. Black Theater Movement The Black Consciousness Movement. Kola 24. 1 (2012): 104-119. Literary Reference Center Plus. Web. 12 Apr. 2013. Stafford, Tim. The First Black Liberation Movement. Christianity Today 44. 8 (2000): 42. MasterFILE Complete. Web. 12 Apr. 2013. Taylor, Gardner. Black Freedom Fighters. Christian Century 112. 24 (1995): 777. MasterFILE Complete. Web. 12 Apr. 2013.

Patient Case Study of Knee Injury

Patient Case Study of Knee Injury Short case description: 25 years old, female injured her right knee during basketball game. She left playing, required little assistance to get her car. PCP evaluated her, gave her non-steroidal anti-inflammatory with P.T referral. Brief summary of patient history: injury occurred when she planted her right leg and rotated to the right to evade a defender. She denied hearing a pop, she reported immediate pain was 8 out of 10 on a visual analog scale. Her current pain level is 5 out of 10. Patient came 2 days after injury, with knee swelling and locking. . Patient pain and mechanism of injury are consistent with a meniscus injury. Examination: Key Examination elements ICF category assessing Finding Pain Body structure function 5/10 with non-steroidal medication Effusion Body structure function Present (first grade) Active knee flexion Body structure function 10-110 Active knee extension Body structure function 0-10 Passive knee flexion Body structure function 10-120 Passive knee extension Body structure function 0-5 Manual Muscle test for knee flexion Body structure function 4/5 Manual Muscle test for knee extension Body structure function 3+/5 McMurrays test Health condition Positive with palpable click Joint line tenderness test Body structure function Positive with reproduction of pain on medial tibiofemoral joint Apleys compression test Health condition Positive with reproduction of pain consistent with medial meniscal injury Ambulation Activity limitation Assistive tool (single cane) Limping, antalgic gait squatting Activity limitation Quite a bit difficult Walking a mile Activity limitation Extreme difficulty Going up or down   10 stairs Activity limitation Quite a bit difficulty Standing one hour Activity limitation Extreme difficulty Running over even ground Activity limitation Extreme difficulty Ability to kook at home kitchen participation-involvement Quite a bit difficulty Ability to attend social meetings participation-involvement Quite a bit difficulty Usual sports activity participation-involvement Extreme difficulty Assessment/evaluation: 25 Y/O female had right medial meniscus sprain with positive special Tests, pain, effusion, weakness, limited knee range of movement of flexion and extension and limited activities of daily living with inability to participate in usual sports activities. Interventions: physical therapy treatment include: Modalities to reduce pain (whirlpool, electric stimulation, and cryotherapy). Modalities to reduce knee effusion (whirlpool, taping, pulsed ultra sound, and static quadriceps drill exercise). Intervention to restore range of motion deficits: therapeutic exercise progression, joint mobilization/ manual therapy. Therapeutic exercise to restore muscular strength and aerobic fitness. Functional strengthening exercise to return to previous level of function and participate in usual sports routine. Outcomes: After 7 weeks of rehabilitation patient get improved with following outcomes: Outcome ICF category Changes at D/C Pain Body structure function 2/10 with strenuous activity Effusion Body structure function Absent Active knee flexion Body structure function 0-140 Active knee extension Body structure function 0 Passive knee flexion Body structure function 0-140 Passive knee extension Body structure function 0 Manual Muscle test for knee extension/ flexion Body structure function 5/5 McMurrays test Health condition , disease, injury negative Joint line tenderness test Body structure function negative Apleys compression test Health condition , disease, injury negative Ambulation Activity limitation Normal gait without cane squatting Activity limitation No difficulty Walking a mile Activity limitation No difficulty Going up or down   10 stairs Activity limitation No difficulty Standing one hour Activity limitation No difficulty Running over even ground Activity limitation No difficulty Usual sports activity participation-involvement No difficulty Ability to attend social meetings participation-involvement Participating with no difficulty Ability to kook at home kitchen participation-involvement Participating with no difficulty LEFS SCALE activity Changes at D/C 20 points improvement to be 76/80 After 7 weeks of successful rehabilitation, patient was able to participate in routine sports activities and her daily living with no need to more medical or physical therapy assistance.

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 ¢Ã‹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 à ¢Ã¢â€š ¬Ã…“capital, industrial production, services, resources and agricultural productà ¢Ã¢â€š ¬?. 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€š ¬Ã¢â‚¬Å" and with this was meant a rise in costs owing to increasing government expenditure à ¢Ã¢â€š ¬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 = 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 prediction. The regression model can be used to predict the value of the proposed model in the study is: GDP = f (INF, EMP) GDP = ÃŽÂ ± + ÃŽÂ ²1 Inflation+ ÃŽÂ ²2 Employment + ÃŽÂ 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 ¢Ã‹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 à ¢Ã¢â€š ¬Ã…“capital, industrial production, services, resources and agricultural productà ¢Ã¢â€š ¬?. 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€š ¬Ã¢â‚¬Å" and with this was meant a rise in costs owing to increasing government expenditure à ¢Ã¢â€š ¬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 = 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 prediction. The regression model can be used to predict the value of the proposed model in the study is: GDP = f (INF, EMP) GDP = ÃŽÂ ± + ÃŽÂ ²1 Inflation+ ÃŽÂ ²2 Employment + ÃŽÂ µ Where, GDP = Gross Domestic Pr

Comparing In Search of Our Mothers Gardens and I Know Why the Caged Bi

In Search of Our Mothers' Gardens and I Know Why the Caged Bird Sings      Ã‚  Ã‚   Alice Walker and Maya Angelou are two contemporary African-American writers.   Although almost a generation apart in age, both women display a remarkable similarity in their lives.   Each has written about her experiences growing up in the rural South, Ms. Walker through her essays and Ms. Angelou in her autobiographies.   Though they share similar backgrounds, each has a unique style which gives to us, the readers, the gift of their exquisite humanity, with all of its frailties and strengths, joys and sorrows.    Tragedy struck both of these women at the age of eight.   Ms. Walker lost her sight in one eye.   Ms. Angelou was raped.   Each described the incident as part of a larger work.   Ms. Walker related her experience in the body of an essay published in her book, In Search of Our Mothers' Gardens.   Ms. Angelou told her story as a chapter in her autobiography, I Know Why the Caged Bird Sings.   Although both wrote about their traumatic experience, the way each depicted the incident was distinct and seemed to be told for very different purposes.    Alice Walker reports the facts to the reader with short sentences written in the present tense.   She chooses words which elicit a forceful emotional response from her audience.   For example, in telling how her brothers were given BB guns and she was not, Ms. Walker writes, "Because I am a girl, I do not get a gun.   Instantly, I am relegated to the position of Indian."   The word "relegated" causes the reader to be irate and indignant.   Most people do not like being "relegated" to anything.   Another illustration of Ms. Walker's use of dynamic words can be found in her descrip... ...e with their help.    Alice Walker and Maya Angelou are both extremely courageous writers.   From each we receive a rare and poignant gift.   As her book suggests, Alice Walker challenges us to search for resolution in the face of loneliness and despair.   Maya Angelou, who "knows why the caged bird sings," reminds us that loneliness and despair never have the last word.   She gently points us to a window of hope.   Both women bless us with shades of being human. Works Cited: Angelou, Maya. I Know Why The Caged Bird Sings. New York: Bantam, 1993. Draper, James P., ed., et al. Contemporary Literary Criticism, Vol. 77. Detroit: Gale Research Inc., 1993. Walker, Alice.   "In Search of Our Mothers' Gardens." Major Modern Essayists. Second Edition.   Ed. Gilbert H. Muller with Alan F. Crooks.   Englewood Cliffs:   Prentice Hall, 1994. 329-337.   

Society MUST Understand how the Natural World Works Essay -- Argumenta

Society MUST Understand how the Natural World Works Except for children, few of us spend much time wondering why Nature is the way it is; where the Cosmos came from, or whether it was always here; or whether there are ultimate limits to what humans know. There are even children who want to know what a black hole looks like; why the sky is blue; how does a balloon stay up in the air; what makes the human body work; and why there is a Universe. I have many opportunities to teach children at various ages and have observed that many of these children are natural born scientists. They have inquisitive little minds filled with curiosity and wonder. Provocative and insightful questions bubble out them with enormous enthusiasm. I am often asked follow-up questions that have the potential to take up the whole day. These children have never heard of the notion of a dumb question. I find something all together different when talking to middle and high school students. A great deal of them seem to get by by memorizing facts and the joy of discovery that led to those facts has gone out of them. They have lost most of the wonder, and gained little skepticism. This particular age group's main concern is not taking up class time asking dumb questions. They are willing to accept inadequate answers and they don't ask follow-up questions. Many of them are more concerned with the placement of the hands on the clock and when the school bell is going to ring. The middle and high school classrooms are often saturated with indirect glances to judge the approval of their peers. As a graduate student, it is frightening to see the same behavior acted out in upper-level college courses. The negative glances from those who lack respect for learning defi... ..., drive to learn things and then to exchange the information with others (239). I understand the natural world to be an absolutely essential tool for any society with a hope of surviving the next century. It is of tremendous importance that we take responsibility as parents and teachers and start generating critical, curious, and imaginative students. The worlds needs and deserves a society with a basic understanding of how the natural world works. Works Cited Bishop, J. Thomas. "Enemies of Promise." In the Presence of Others: Voices That Call for Response. Second Edition. Andrea A. Lundsford and John J. Ruszkiewicz. St. Martin's Press. New York, 1997. 26-261. Thomas, Lewis. "The Hazards of Science." In the Presence of Others: Voices That Call for Response. Second Edition. Andrea A. Lundsford and John J. Ruszkiewicz. St. Martin's Press. New York, 1997. 239.

Why Math is a Requirement for My Lifelong Career goal

Life constantly presents new problems. The more sophisticated our society becomes, the more complex the problems become. We as individuals are constantly solving problems. For example when we consider ways to save money, reduce our expenses, budget our money or even save for a vacation, we are always dealing with numbers. Throughout this personnel reflection you will see why math is so important in my life long career goal, which is my BBA in Business management in the medical field. First and foremost my job will entail being a supervisor/manager of a nursing staff whether it be Registered nurses (RN’s) or Licensed Practical nurses (LPN’s). This is ultimately what I want to do. This job includes schedules for the nurses, patients, scheduling tests for the patients. I will also need to know the international metric system along with dosage calculations, one must know three important pieces of information, the desired dose, the dosage strength and the medications’ unit of measure (Survey of Math p 609). I will also use mathematics in my career by doing schedules, coordinating the staff on different shifts, making sure the staff is not working over 8-9 hours unless it is necessary, also making sure the staff doesn’t overlap one another’s schedule and handling the payroll. It is very important for people that work in the medical field to know what their doing when it comes to measurements of medication particularly, any miscalculation’s due to a staff members error can lead to 1) losing your job, 2) losing your license, and or prison time if it is fatal. One example of a similar incident that was not to long ago, and is still in the hands of the courts involved Michael Jackson and Dr. Conrad Murray. Reports stated that Michael Jackson died from a propofol overdose; propofol is a drug that reduces anxiety and tension, and promotes relaxation consciousness. Dr. Conrad Murray is being charged with involuntary manslaughter for giving Michael Jackson multiple medications intravenously; which is a needle directly into the vein. Reports have stated that Dr.  Murray gave Michael Jackson valium which is a sedative, along with numerous amounts of pain medication and anti-depressant medications throughout a 10 hour period. These multiple medications were found in Michael Jackson’s toxicology report. They state that Michael Jackson had enough medication in his body to sedate a large animal (KTLA. com info). Another similar incident was that of a oncologist that wrote orders for a new salvage regimen that employed higher doses of chemotherapy than usual. The patient developed acute renal failure and required weeks of dialysis, but ultimately recovered, and the tumor responded. The physician later discovered that he had mistakenly ordered four times the recommended amount of the nephrotoxic drug in the treatment regimen. The physician decided not to tell the patient, 6 months later the tumor progressed and the patient obtained a second opinion. The patient learned of the error the first physician made and sued the doctor settling for $75,000 dollars (PubMed Central). The patient survived and the tumor was taken care of, but as you can see mistakes are made like this every day, sometimes people don’t get another chance. Most of the time, the mistakes are made mathematically. The medical field is very crucial when it comes to mathematics. You must be on top of things, re-read your care plan every time you need to administer medications. A care plan can vary from patient to patient, but for the most part it included numerous activities, such as administering medications, careful documentation of dosages and avoiding interactions. Starting, maintaining, and discontinuing intravenous lines for fluid, medication, blood, and blood products. Administering therapies and treatment, observing the patient and recording those observations; and consulting with the physician or supervisor on duty (â€Å"Summary report for 29 – 111. 00 – Registered nurses,† 2010, Tasks). In this line of work documentation of everything that happens with the patient is very important. In conclusion, my math 103, survey of mathematics taught me a lot. I learned how to subtract, add, multiply, and divide w negative and positive numbers. This was one of my greatest challenges. Reducing fractions, radicals, algebra, solving an equation, percentage formula’s, application of percents, the american system of measurement, the scientific system, set theories, and more. I learned a great deal and will be able to take this with me in the future for my career goal. In all honesty, I’ve never been all the great in the math field, after taking this course, along with taking advantage if the tutors Bryant & Stratton offers, I feel very pleased with myself and what I’ve learned. It was a very positive fortification and I will take this with me, where ever I go.

Revenge in the Great Expectations Essay

Revenge is a primary theme in the novel Great Expectation by Charles Dickens. In this novel, many characters go out of their way to extract revenge, leading them to misfortunes such as death and imprisonment. Dickens makes it very clear that nothing positive can come from revenge through his characters and the results that come from their revenge. These acts range from petty resentment filled with passion, to long and drag out strife laced with malice, to lifelong vendettas driven by hatred. Revenge comes in many forms—and for Orlick, his was the sort of petty resentment filled with passion, rather than stone cold hatred. In the novel, Orlick acts as the main antagonist; he is described as tardy, as Pip explained: â€Å"he was†¦never in hurry, and always slouching.† (102), and hostile, by telling Pip that â€Å"the Devil lived in a black corner of the forge†¦and it was necessary to make a fire once in seven years with a live boy and I might consider myself fuel.† (102). Orlick was also abusive due to his outburst at Mrs Gargery when she pose her opinion on the fact that Joe was letting both Pip and Orlick have a half-holiday by saying â€Å"I’d hold you, if you was my wife. I’d hold you under the pump and choke it out of you.† Despite being mere words, from that moment on; Orlick held a grudge on both Pip and Mrs Gargery. Orlick resented Mrs Gargery for her attitude towards him. And he resented Pip for having everything Orlick wanted; at the forge, Pip was favoured and Orlick was â€Å"bullied and beat.† In Orlick’s eyes Pip â€Å"was always in Old Orlick’s way since ever you was a child.† (388) This tempts him into extracting revenge, by assaulting Mrs Gargery, he justifies his actions by telling Pip that â€Å"it was done through you,† (389) Orlick blames Pip for his misfortunes, and hates Pip to the extent that he attempted to murder him. Orlick says â€Å"I’m a going to have your life!† (388) this is an allegory—and has two meanings: one literal, and one figurative. Orlick literally wants to take Pip’s life, and kill him, depositing of his body so no one would ever know of his crime. However on the other hand, Orlick figuratively wants Pip’s life—his resentment of Pip comes from his jealousy. Orlick wishes to have Pip’s life, to be favoured, to be liked, to be a gentleman. But when his plans of killing Pip fails, and Orlick resorts  to breaking into Pumblechook’s house, and robs and beats him, h e is ultimately caught and imprisoned—this reveals the result of obtaining revenge, and how it will lead only to misfortunes. Nothing good can come from revenge as shown by Orlick’s eventual destination: prison. Like Orlick, Magwitch wishes to extract his revenge as well—which is a long dragged out strife between him and Compeyson. Magwitch loathes Compeyson for setting him up as a scrape goat in their trial. Because Compeyson looked like a gentleman he had a more lenient punishment than Magwitch—who faced most of the blame for both of their crimes. Due to this, Magwitch has sworn to â€Å"smash that face of his (Compeyson’s), and I swore Lord smash mine! To do it.† (322) Magwitch was willing to give up anything, and everything to get his revenge on Compeyson. He wanted Compeyson to face his wrath and feel his suffering; Magwitch was willing to give up his chance of freedom in doing so. He could’ve â€Å"got clear of these death-cold flats likewise—if I hadn’t made discovery that he was here.† (34) In the beginning of the novel, Pip meets the escaped convict—later introduced as Magwitch, who had filed down his leg iron to the point where he could’ve broken it off, and flee from the marshes—but when he had heard Compeyson had escaped as well, he gave up his freedom, to search for Compeyson. The guards, along with Pip and Joe later found Compeyson and Magwitch in a ditch—fighting each other. Magwitch gave up his chance to flee, and forsake his freedom in the name of revenge and was dragged back to the prison alongside Compeyson. Which begs the question, what is the result of chasing revenge? Magwitch was then sentenced to imprisonment for the rest of his life—where upon if he ever escaped again, he’d face the death sentence. Magwitch is sent off to New South Wales, where he worked several jobs—and made a handsome amount of money all of which he sent to Pip through Jaggers anonymously. It isn’t until later in the novel does Magwitch sneaks back to England as an escaped convict, under an alias and he reveals to Pip that he is Pip’s benefactor. Pip’s discovery makes him very discontent but later realizes the only way to get Magwitch out of his life is to help him escape England, on a boat. However again on his journey to fredoom Magwitch is faced with the same dilemma, when their steam boat is intercepted by another boat and Compeyson is on it. Magwitch is forced to choose between freedom and revenge; and he again chooses the latter, tackling Compeyson, they both sink into the water—only Magwitch comes up. As  expected, Magwitch is sentenced to death—immediately, only his sentence is delayed when he is stricken by illness. At this point, Magwitch’s death is ascertained, either he was going to die of illness or he was going to die at his sentence. This was the result of Magwitch’s actions; by choosing revenge over all else—not just once, but twice. These results help emphasis that revenge is nothing more than a gateway to misfortunes, and in Magwitch’s case that gate way is to death. Miss Havisham faces a lifelong vendetta driven by her hatred of all mankind. This vendetta of her, twists her personality in cruel, sadistic and vicious ways. Out of all the characters in this novel, Miss Havisham is less active in her campaign of revenge—but she holds the longest and most pure revenge. Miss Havisham achieves her revenge through her adoptive daughter Estella. Estella is never given the opportunity to forge her own ideas and personality—instead she is objectified into a young and beautiful tool, used exclusively for avenging Miss Havisham’s broken heart. There are many instances of Miss Havisham’s cruel and sardonic personality revealed through the words she says and her actions and responses to Pip. In the beginning of the novel, she has asked Estella to play with Pip, but she refuses to play with such a common boy—in return Miss Havisham says â€Å"Well, you can break his heart.† (54) She says it in a way that makes the human heart seem almost like a toy that can be easily broken and would be irrelevant if it did so. This demonstrates Miss Havisham’s view on men, and how th ey should have their hearts broken as she once did—and how she’s trained Estella to do. Miss Havisham gains much pleasure from the discomfort and humiliation of men, she has no problem hurting anyone in order to extract her revenge—not even Pip is spared, someone who had done nothing to often her, beside be born the wrong gender. Miss Havisham lets Pip believe that she was his benefactor and that Estella was his, but when this was proven untrue and Pip confronts her she says â€Å"Yes†¦I let you go on†¦ [but] who am I, for God’s saje, that I should be kind!† This shows Miss Havisham’s view on life; she wonders why it is that she should be kind, when the world hasn’t been kind to her. Why should she be nice, when the world hasn’t been nice to her. Why she should love, when the world hasn’t loved her. This idea of hers later becomes the very idea that eventually destroys her. Miss Havisham lives through Estella, she gains pleasure from seeing men swoon and pursuit Estella’s attention. She  enjoys decorating Estella in jewel—almost like she was a doll to be shown off, not at all like a daughter. However, her actions lead to many consequences—because of her lack of affection for Estella, Estella then grows up to be a â€Å"beautiful creature† rather than a human. Estella claims that she has no heart so she cannot show anyone love, not even Miss Havisham, who craved attention and love. This outrages Miss Havisham, how could her own daughter not love her? The answer was simple, â€Å"I am what you have made me. Take all the praise, take all the blame; take all the success, take all the failure, in short, take me.† (277) Estella reveals the nature of their relationship, for her entire life Miss Havisham has only learned to take, and never had she given, she lived a selfish life—and was intent on acquiring revenge. She took the happiness away from Pip, she took away Estella’s humanity and replaced it with a cold, hard, and beautiful exterior, and mostly she took away her own life. Miss Havisham froze in time, the moment she decided to avenge herself, and she gave away her life, her emotions and feelings all in the name of revenge. Like the clocks in her house, everything was frozen in Miss Havisham—because she wanted nothing more than to see other suffer as she did. Only in doing this, she forced herself to suffer even more. Miss Havisham eventually dies—alone, and unloved. This shows the result of pursuing revenge as obsessively as Miss Havisham did; in return all she had left was a ruined estate, a monster for a daughter, relatives who were after her wealth, and a life time of sorrow. Throughout this novel, Dicken’s idea and opinion revolving around revenge becomes quite clear. It is evident that nothing good can come of revenge; and misfortunes befall those who attempt to achieve it. Dickens makes an example out of his characters, to illustrate the aftereffect of being consumed by revenge—and acting upon its temptation. Nothing good can come from trying to avenge oneself, no matter how small or large the act is: the results will all be the same.