Asian Journal of Economic Modelling最新文献_第4页

Export-Led Growth Hypothesis: Empirical Evidence from Selected South Asian Countries 出口导向型增长假说:来自特定南亚国家的经验证据

Asian Journal of Economic Modelling Pub Date : 2020-03-01 DOI: 10.18488/journal.8.2020.81.1.15

Mukesh Kumar, A. Begam

{"title":"Export-Led Growth Hypothesis: Empirical Evidence from Selected South Asian Countries","authors":"Mukesh Kumar, A. Begam","doi":"10.18488/journal.8.2020.81.1.15","DOIUrl":"https://doi.org/10.18488/journal.8.2020.81.1.15","url":null,"abstract":"The hypothesis of Export-Led Growth (ELG) asserts exports as a development approach in order to enhance the productivity of an economy targeting big international markets. However, empirical evidences based on this postulate are mixed yet contradictory. The prime objective of this paper is to validate the customary ELG hypothesis specifically for selected South Asian economies incorporating the dynamics of the panel data. In this regard, four South Asian countries-Bangladesh, India, Pakistan, and Sri Lanka have been selected. The study employs panel unit root, panel ARDL and ECM for the time span of 1991-2017. The model includes annual GDP growth, exports, imports; and foreign direct investment for the econometric estimation. The findings prove significant and positive impact of exports and foreign direct investment whereas; negative but significant impact of imports on GDP growth of South Asian countries. Nevertheless, there exists some operational and institutional glitches that obstruct the ELG process in South Asia. These include geo-political ambiguities of the region, high price ratios, low investment rates, insufficient economic infrastructure, and unfavorable regulatory settings hampering the economic growth. It is thus suggested that South Asian countries can promote market diversification broadening the product range. Besides; policies based on export promotion should be considered to enhance capacity and quality of exports in order to stimulate growth.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133979855","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The Nexus between Government Expenditure and Revenue in Tanzania 坦桑尼亚政府支出与收入的关系

Asian Journal of Economic Modelling Pub Date : 2019-12-01 DOI: 10.18488/journal.8.2019.74.158.170

Khatibu G. M. Kazungu

引用次数: 8

The Assessment of the Impacts of Carbon Taxation on Chinese Transport and Energy Sectors Based on a Computable General Equilibrium Model 基于可计算一般均衡模型的碳税对中国交通和能源部门的影响评估

Asian Journal of Economic Modelling Pub Date : 2019-12-01 DOI: 10.18488/journal.8.2019.74.179.190

Miao Fu, Ling Wang, Taozi Xu

{"title":"The Assessment of the Impacts of Carbon Taxation on Chinese Transport and Energy Sectors Based on a Computable General Equilibrium Model","authors":"Miao Fu, Ling Wang, Taozi Xu","doi":"10.18488/journal.8.2019.74.179.190","DOIUrl":"https://doi.org/10.18488/journal.8.2019.74.179.190","url":null,"abstract":"To simulate the effects of carbon taxation on Chinese economy, especially on transport and energy sectors, a computable general equilibrium model was constructed and calibrated with Chinese social accounting matrix and other statistical data. Based on calculated sectoral carbon emissions, a commonly used carbon tax rate of 20 Euros per tonne CO2-eq was converted into a carbon tax rate of 9.94% (tax / energy expenditure) for the transport sector, 1.72% for the energy sector and 9.42% for other sector. The simulation results show that the implementation of these sectoral carbon tax rates will cause a total carbon emission reduction of 40271.6 KT CO2-eqs and an increase of government revenue by 7.17%. However, the carbon tax will also induce approximately a 1.3% loss for the transport sector, a 3% loss for the energy sector and a 0.9% loss for other sectors. Incomes of firms and households will decrease by 4.05% and 0.14%, respectively. It is found that in the transport sector, labour will replace capital due to the increase in energy prices caused by the carbon taxation. The high loss in the energy sector and its subsequence suggest that the energy sector should be exempted from the carbon tax.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130850946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Is Public Research Beneficial for Innovation in Emerging and Developing Countries? 公共研究对新兴和发展中国家的创新有益吗?

Asian Journal of Economic Modelling Pub Date : 2019-12-01 DOI: 10.18488/journal.8.2019.74.171.178

K. Loukil

引用次数: 0

Human Capital Development and Growth in Africa: Does Youth Unemployment Matter? 非洲人力资本发展与增长:青年失业重要吗?

Asian Journal of Economic Modelling Pub Date : 2019-12-01 DOI: 10.18488/journal.8.2019.74.191.202

D. B. Olanipekun

{"title":"Human Capital Development and Growth in Africa: Does Youth Unemployment Matter?","authors":"D. B. Olanipekun","doi":"10.18488/journal.8.2019.74.191.202","DOIUrl":"https://doi.org/10.18488/journal.8.2019.74.191.202","url":null,"abstract":"The rates of youth unemployment and low human capital development in Africa have been worrisome. This study empirically investigated the role that youth unemployment played in the relationship between human capital and growth in Africa. The effects of both male and female youth unemployment on growth were examined. A system generalized method of moment (GMM) was used to estimate the model employed in the study. It was found that youth unemployment had resulted to a detrimental effect on growth in Africa in diverse ways. While, male youth unemployment was found to have a negative and statistically significant effect on growth, female youth unemployment shows no statistically significant effect on GDP per capita in Africa. Among the human capital development indices used in the regression, only primary school enrollment was found to have a positive and statistically significant effect on GDP per capita. Secondary and tertiary enrollments were found to be statistically insignificant. Appropriate policies geared towards job creation for the youths and human capital development would reduce the detrimental effect of youth unemployment and low human capacity building on long run growth.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123658208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Determinants of Petrol Prices in India: A Regression Model with De-Autocorrelated Time-Series Data 印度汽油价格的决定因素:一个非自相关时间序列数据的回归模型

Asian Journal of Economic Modelling Pub Date : 2019-09-01 DOI: 10.18488/JOURNAL.8.2019.73.110.120

Betcy Theodore, M. L. William

引用次数: 1

The Determinants of Performance in the Nigerian Banking Industry 2004-2014 2004-2014年尼日利亚银行业绩效的决定因素

Asian Journal of Economic Modelling Pub Date : 2019-09-01 DOI: 10.18488/journal.8.2019.73.140.157

Bajomo Olubunmi Adefunke, Akinlo A. Enisan

{"title":"The Determinants of Performance in the Nigerian Banking Industry 2004-2014","authors":"Bajomo Olubunmi Adefunke, Akinlo A. Enisan","doi":"10.18488/journal.8.2019.73.140.157","DOIUrl":"https://doi.org/10.18488/journal.8.2019.73.140.157","url":null,"abstract":"The Nigerian government strategy to alter the structure and scope of its banking sector via consolidation and other accompanying sectorial reforms did not only impact the soundness of banks with significant cost of state sponsored interventions, policy also had long run implications for nature of industry competition and performance with direct consequence for the determinants of the industry?s performance. Observed alterations to structure of the banking sector structure post these interventions directly impacted borrowing costs and motivations for the resulting enlarged financial institutions to extend credit to the real sector. Banks with improved performance post reforms have enhanced capacity to absorb adverse volatility in the system, hence, imperatives of evaluating the determinants of the industry?s performance. The study analyzes determinants of performance in the Nigerian financial industry in pre and post consolidation era (2004-2014) using panel data with fixed-cross sectional effect to determining bank specific- industry and macro determinants of performance. Derived results show bank specific factors such as ability to manage expenses, capital, and intensity of loan usage significantly affect banks profitability. Model estimated from the study, however, strongly rejected the structure-conduct-performance (SCP) hypothesis as the influence of intense concentration in banking though highly significant is negative, which implies that banks are unable to engage in non-competitive behavior as the Nigerian banking space is competitive and highly regulated. In addition, impacts of most macroeconomic factors are found to be negligible. However, exchange rate variation affects bank?s profitability in a significant manner.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114816178","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Monetary Policy Transmission Mechanism of Pakistan: Evidence from Bank Lending and Asset Price Channels 巴基斯坦货币政策传导机制:来自银行贷款和资产价格渠道的证据

Asian Journal of Economic Modelling Pub Date : 2019-09-01 DOI: 10.18488/journal.8.2019.73.121.139

T. Mukhtar, M. Younas

引用次数: 5

Estimating the Services Sector Impact on Economic Growth of Bangladesh: An Econometric Investigation 估算服务业对孟加拉国经济增长的影响：计量经济学调查

Asian Journal of Economic Modelling Pub Date : 2019-06-01 DOI: 10.18488/JOURNAL.8.2019.72.62.72

Raju Ahmed, N. Lubna, S. Sumon

{"title":"Estimating the Services Sector Impact on Economic Growth of Bangladesh: An Econometric Investigation","authors":"Raju Ahmed, N. Lubna, S. Sumon","doi":"10.18488/JOURNAL.8.2019.72.62.72","DOIUrl":"https://doi.org/10.18488/JOURNAL.8.2019.72.62.72","url":null,"abstract":"This study attempts to examine the contribution of the service related sector in the economic growth of Bangladesh during the period of 1973-2017. We used the Gross domestic product (GDP) as a measure of economic growth for Bangladesh. Sub-sectors of service-related sector have been used as explanatory variables along with some control variables. In this study, we apply various econometric tools like as Unit Root test, Granger causality test, ARDL Bound test, Error correction model and Co-integration test to investigate the causal relationship and the intensity of the relationship between the service related sector and gross domestic product or economic growth. Granger causality test shows the presence of uni-directional granger causality from the service related sector to gross domestic product. The error correction term implies that the short-run disequilibrium is adjusted with the long-run at the speed of 17 percent. Moreover, ARDL bound approach indicates the service related sector and gross domestic product growth are correlated both in short-run and long-run. The result shows that 1% expansion in service-related sector will result in an increase of 0.64% gross domestic product or economic growth in short-run and 0.75% of GDP in the long-run .","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127606360","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 10

Does Inflation Rate Convergence Spur Exchange Rate Volatility? Empirical Evidence from Sub-Saharan Africa 通货膨胀率趋同会刺激汇率波动吗?来自撒哈拉以南非洲的经验证据

Asian Journal of Economic Modelling Pub Date : 2019-06-01 DOI: 10.18488/journal.8.2019.72.95.109

naftaly mose, Jane Kaboro

{"title":"Does Inflation Rate Convergence Spur Exchange Rate Volatility? Empirical Evidence from Sub-Saharan Africa","authors":"naftaly mose, Jane Kaboro","doi":"10.18488/journal.8.2019.72.95.109","DOIUrl":"https://doi.org/10.18488/journal.8.2019.72.95.109","url":null,"abstract":"Attaining a monetary union is an ambition for most regional economic blocks. However, the arrangement towards monetary union for the East African nations has remained indifferent. The inflation rate is critical for EAC members to achieve a level of harmonization required for establishing a stable and sustainable monetary union. Most existing studies on the relationship show conflicting results and mainly focus on developed countries. It was against this backdrop that the study sought to determine the effect of convergence in the inflation rate, a panel data of 5 countries, for the period 2000-2016 was used. Secondary data was obtained from the Statistical Abstracts and World Bank Report. The study was guided by the Optimum Currency Area framework. The study made use of Standard deviation and LCC to determine convergence and panel unit root respectively. LCC test established that the exchange rate and inflation are stationary at level. Standard deviation test concluded that inflation and exchange rate manifested a negative relationship. This means that convergence in inflation among the EAC countries reduces exchange rate variability within the region. Thus a policy should be made towards controlling this effect resulting from Inflation as East Africa bids for monetary union.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"520 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116193302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9