Cryptocurrency is a form of money that is secured by cryptography, a technology that will keep safe any information from third parties, to pacify the transactions and to control its value over time. Cryptocurrency has no organization or institution who has authority to control it, which makes some people think that it is not safe. Many research has talking about cryptocurrency in its technological side. However, no study has ever been correlating this topic with economic growth. Using panel data regression, this thesis correlating BTC, as the most known and expedienced type of cryptocurrency with GDP as the variable that represent economic growth. It also has 3 other variables as the control variable that will make sure the result to be unbiassed. Those are capital (K), labor (L), and Technology (A), as in the Solow’s growth theory which reviewing growth through its supply side, the input production function. The sample are taken from 5 Asian countries with the highest number of Bitcoin usages (Japan, China, India, Singapore, Indonesia), with period that started from 2011 to 2016. KEYWORDS: Cryptocurrency, economic growth, solow growth model, bitcoin.
This paper examines health care reform in urban and rural China. Before health care reform, Chinese health service facilities were run entirely by the state and basically they performed a social welfare function. This health care system greatly improved the population health conditions but many problems started to emerge in 1980s when the economic reform started. Since then, the government has been struggling to maintain a balance between meeting people’s health care needs and develop the health care “industry”. Problems and their contribution factors in organization, financing and performance of the health care reform are examined and analyzed. In terms of organization, decentralization of the decision making power in health sector and marketization of the medical establishments constitutes the main organizational changes in the health care reform. This organizational reform of health sector as an imposed institution change, encounters lots of resistance in the process of implementation. A tremendous amount of conflictions arises because of the commercialization of health sector that used to perform social welfare function. In
Healthcare, Law, Governance, and Management Studies