Asian Journal of Economic Modelling最新文献_第5页

The Study on the Correlation between Wholesale Price and Trading Volume in Taiwan Milkfish Market 台湾遮目鱼市场批发价格与交易量之相关研究

Asian Journal of Economic Modelling Pub Date : 2019-06-01 DOI: 10.18488/JOURNAL.8.2019.72.73.81

Jia-Jan Lee

引用次数: 1

Effects of Socio-Economic Conditions on the Relationship between Public and Private investments in the CEMAC Zone 社会经济条件对中非共同体公共和私人投资关系的影响

Asian Journal of Economic Modelling Pub Date : 2019-03-01 DOI: 10.18488/JOURNAL.8.2019.71.1.13

N. Ibrahim, Chouafi Nguekam Orfé, Noula Armand Gilbert, Tékam Oumbé Honoré

{"title":"Effects of Socio-Economic Conditions on the Relationship between Public and Private investments in the CEMAC Zone","authors":"N. Ibrahim, Chouafi Nguekam Orfé, Noula Armand Gilbert, Tékam Oumbé Honoré","doi":"10.18488/JOURNAL.8.2019.71.1.13","DOIUrl":"https://doi.org/10.18488/JOURNAL.8.2019.71.1.13","url":null,"abstract":"This study aims at examining the effects of socio-economic conditions on the relationship between public investments and the productivity of the private sector in CEMAC countries between 1982 and 2016. Theoretical and empirical studies on this issue yield different results depending on the period and countries considered. After estimating an ARDL (Autoregressive Distributed Lag) model, we find that there exists a positive effect in the short and long run of public investment on private sector investments only in Congo, Gabon, the Central African Republic and Chad. We also find that in the short run, unlike in Cameroon, Equatorial Guinea, Chad and the Central African Republic where the socio-economic conditions reduce the level of public investments, they rather reinforce their contribution to private sector investment in Gabon and Congo. In the long run, they however improve the efficiency of public investments in Cameroon and Congo and reduce it in the Central African Republic. There is therefore a need to improve the quality of institutions in order to enable the development of the private sector.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132025502","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

Socioeconomic Stability and Variability in Stock Market Prices: A Case Study of Karachi Stock Exchange 股票市场价格的社会经济稳定性与变异性:以卡拉奇证券交易所为例

Asian Journal of Economic Modelling Pub Date : 2018-10-05 DOI: 10.18488/journal.8.2018.64.428.440

Rafaqat Ali, Rana Ejaz Ali Khan

{"title":"Socioeconomic Stability and Variability in Stock Market Prices: A Case Study of Karachi Stock Exchange","authors":"Rafaqat Ali, Rana Ejaz Ali Khan","doi":"10.18488/journal.8.2018.64.428.440","DOIUrl":"https://doi.org/10.18488/journal.8.2018.64.428.440","url":null,"abstract":"The study attempted to identify the factors that responsible for variability in stock market prices in Karachi Stock Exchange particularly focusing on socioeconomic stability in the country. The socioeconomic stability is measured by an index including social, economic and political dimensions of stability. Annual time series data for the years 1973-2012 is utilized, and Phillips & Perron (PP) test is employed for stationarity. Autoregressive Conditional Heteroscedasticity and Generalized Conditional Heteroscedasticity (ARCH/GARCH) technique are used for volatility in stock market prices. For the structural breaks, Chow test is applied. Finally, the study utilized the Autoregressive Distributed Lag (ARDL) approach to estimate the long-run and short-run dynamic relationship. The results indicate that inflation, exchange rate, and foreign direct investment positively influence the stock price volatility. Socioeconomic stability negatively affects the volatility in stock market prices in both short-run and long-run. The country should improve socioeconomic stability by attaining economic, social and political standards in the country.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114978579","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

Impact of Health Expenditures on Labor Force Participation: Evidence from Pakistan 卫生支出对劳动力参与的影响:来自巴基斯坦的证据

Asian Journal of Economic Modelling Pub Date : 2018-09-28 DOI: 10.18488/journal.8.2018.64.419.427

A. Rauf, M. Bashir, K. Asif, Sardar Fawad Saleem

引用次数: 1

Causality Relationship between Tourism, Foreign Direct Investment and Economic Growth in Taiwan 台湾旅游业、外商直接投资与经济成长之因果关系

Asian Journal of Economic Modelling Pub Date : 2018-09-01 DOI: 10.18488/journal.8.2018.63.287.293

Sung Yu-Chi, Hung‐Pin Lin

引用次数: 15

Oil Price, Budget Deficit, Money Supply and Inflation in WAEMU Countries WAEMU国家的石油价格、预算赤字、货币供给和通货膨胀

Asian Journal of Economic Modelling Pub Date : 2018-09-01 DOI: 10.18488/journal.8.2018.63.317.326

Drama Bédi Guy Hervé, Yao Kouadio Ange-Patrick

{"title":"Oil Price, Budget Deficit, Money Supply and Inflation in WAEMU Countries","authors":"Drama Bédi Guy Hervé, Yao Kouadio Ange-Patrick","doi":"10.18488/journal.8.2018.63.317.326","DOIUrl":"https://doi.org/10.18488/journal.8.2018.63.317.326","url":null,"abstract":"The main target of this paper is to explore both in short and long run the effects of world oil price, budget deficit and money growth on inflation in West African Economic and Monetary Union (WAEMU) running the period of 1990 to 2016. In that end, we utilized the autoregressive distributed lag (ARDL) bounds test approach developed by Pesaran et al. (2001) and the granger causality test. The empirical investigation indicates strong evidence of long run relationship among variables in all countries covered by the study except Togo. Oil price and inflation are positively linked in a very large majority of the member countries. There is positive and significant relationship between budget deficit and price level in Burkina Faso and Niger. In addition, our empirical work supports strong evidence that monetary expansion is positively linked with price level in Burkina Faso, Mali and Togo. In short run, the Granger causality demonstrated that budget deficit doesn’t cause money growth in WAEMU countries. It should be mentioned that the oil price has not an impact on inflation in all countries at short term. So, the main finding of this study is that oil price drives up inflation in the WAEMU zone in long term, but not in short time. As policy implication, the study suggests, among others, some improvements in growth policy, trade policy, general tax policy, raw material production, fuel efficiency and diversity.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123984699","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: 3

An Application of Can Slim Investing in the Dow Jones Benchmark Can - Slim投资在道琼斯基准指数中的应用

Asian Journal of Economic Modelling Pub Date : 2018-09-01 DOI: 10.18488/journal.8.2018.63.274.286

Matthew Lutey, M. K. Hassan, David Rayome

{"title":"An Application of Can Slim Investing in the Dow Jones Benchmark","authors":"Matthew Lutey, M. K. Hassan, David Rayome","doi":"10.18488/journal.8.2018.63.274.286","DOIUrl":"https://doi.org/10.18488/journal.8.2018.63.274.286","url":null,"abstract":"This paper provides an alternative view of the popular CAN SLIM investing strategy by modifying and weighting the criterion. The modified criterion is used to build a portfolio in each of three overlapping time frames. The results of the study are compared to a Dow Jones Industrial Average benchmark over the same time frame and is evaluated on a risk adjusted basis. The study finds that the system outperforms the market on a risk adjusted basis in all three time frames and holds a high R Squared for each timeframe. The null hypothesis for the majority of this paper is to test whether the mean returns of the strategy are significantly different from zero on a monthly basis. This is tested over three overlapping timeframes of five years, ten years and sixteen years respectively. A further hypothesis is tested for the 2008-2009 timeframe and is whether the mean excess returns of the strategy are significantly different from zero when compared to the Dow Jones benchmark. This paper finds that the null hypothesis is rejected over all time frames with strong evidence. An exception is the 16-year time frame where the null is rejected with weak evidence.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"62 4","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132581680","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: 2

Linking Unemployment to Inflation and Economic Growth: Toward A Better Understanding of Unemployment in the Philippines 将失业与通货膨胀和经济增长联系起来:更好地了解菲律宾的失业情况

Asian Journal of Economic Modelling Pub Date : 2014-12-15 DOI: 10.18488/journal.8.2014.24.156.168

Pamela F Resurreccion

{"title":"Linking Unemployment to Inflation and Economic Growth: Toward A Better Understanding of Unemployment in the Philippines","authors":"Pamela F Resurreccion","doi":"10.18488/journal.8.2014.24.156.168","DOIUrl":"https://doi.org/10.18488/journal.8.2014.24.156.168","url":null,"abstract":"Unemployment is among the major problems not only in less developed and developing countries but in developed countries as well. It spells out the extent of poverty a household will have to sustain. Strongly influenced by the premises of the Okun’s Law and Phillips Curve, this study sought to determine the link between unemployment and inflation and economic growth. An additional explanatory variable, age dependency ratio, was introduced to investigate this facet of unemployment which is based on the premise that a high age dependency ratio would result to lower unemployment. Unit root tests were employed to the data series prior to testing the hypothesized relationships which employed ordinary least squares (OLS) regression technique. Tests for heteroskedasticity and collinearity were done using White’s test and VIF, respectively. It was found that unemployment is negatively related to inflation and economic growth, confirming Okun’s Law and Philips Curve in the Philippines for the period covering 1980 to 2009. Moreover, age dependency ratio was found to be positively related with unemployment albeit, the relationship is not significant. The coefficient of determination obtained for the model was 72.7% hence overall, the regression line relatively describes the data well.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133641756","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: 15

What is the Influence of the Global Economic Crisis on the Development of the Wage Distribution of Czechs and Slovaks? 全球经济危机对捷克和斯洛伐克工资分配发展的影响是什么?

Asian Journal of Economic Modelling Pub Date : 2014-09-30 DOI: 10.18488/journal.8.2014.23.141.155

D. Bílková

引用次数: 0

Adoption of Competitor Focused Accounting Methods in Selected Manufacturing Companies in Nigeria 采用竞争对手为重点的会计方法在选定的制造公司在尼日利亚

Asian Journal of Economic Modelling Pub Date : 2014-09-01 DOI: 10.18488/journal.8.2014.23.128.140

N. R. Chiekezie

{"title":"Adoption of Competitor Focused Accounting Methods in Selected Manufacturing Companies in Nigeria","authors":"N. R. Chiekezie","doi":"10.18488/journal.8.2014.23.128.140","DOIUrl":"https://doi.org/10.18488/journal.8.2014.23.128.140","url":null,"abstract":"This study-examined the extent of adoption of competitor focused accounting (CFA) in selected manufacturing firms listed on Nigerian Stock Exchange with a view to establishing whether there are differences in financial performance of the firms. The study is descriptive in nature and uses survey techniques. Accordingly, two-hundred and twenty four (224) key respondents in the Nigerian manufacturing industry were surveyed. This is complimented with secondary data collected from annual accounts and reports of fifty six (56) manufacturing companies listed in the Nigerian stock exchange. In addition to descriptive statistics, analysis of variance (F- Ratio) and scheffes’ (fs) test were used in analyzing collected data. The result of the study revealed that 14 companies representing (25%) were non-adopters of competitor focused accounting methods, 36 (64.3%) were partial adopters while 6 (10.7%) were full adopters. In addition, the mean financial performance of full adopters of CFA methods was 25.1 greater than that of partial adopters and also 45.71 greater than non-adopters. This shows a large difference. On the other hand, partial adopters’ mean financial performance was 20.61 greater than that of non adopters of CFA methods. However, this study proves that the practice of CFA in Nigerian manufacturing companies is still below average and the necessity to improve this situation is the current challenge. Manufacturing firms in Nigeria should give priority to strategic management accounting and it sub-divisions especially CFA in other to enhance its competitive edge over competitors.","PeriodicalId":147053,"journal":{"name":"Asian Journal of Economic Modelling","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126967209","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: 12