{"title":"Regional Economic Growth Analysis: A Comparative Study Between Regions in Indonesia","authors":"Apip Supriadi, Gusti Tia Ardiani, Jumri Jumri","doi":"10.36348/sjef.2023.v07i07.004","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i07.004","url":null,"abstract":"The purpose of this study was to analyse regional economic growth in 6 (six) provinces in Java. The research method uses descriptive analysis, with analysis tools using panel data. The results of this study are 1) Total population, education index and agricultural output have a significant effect while the consumption of electrical energy sources does not have a significant effect on the GRDP of the Province in Java Island; and 2) Unemployment rate, inflation rate, poverty rate and government expenditure have a significant effect on economic growth.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"109 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117220877","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}
{"title":"Market Stabilisation Scheme and Management of Liquidity in the Period of Volatile Capital Inflows: The Indian Experience","authors":"Abhijit Pathak","doi":"10.36348/sjef.2023.v07i07.003","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i07.003","url":null,"abstract":"India recorded large and exogenous capital inflow from the very beginning of this century. This made monetary and liquidity management increasingly complex and difficult in India. Independent monetary policy in the era of free and volatile capital flow became challenging. To deal with the problems of excess liquidity in the system, the Reserve Bank of India (RBI) in consultation with the Government of India (GOI) introduced Market Stabilisation Scheme (MSS) in April 2004 with the objective of impounding excess liquidity from the system. In this paper, we have attempted to examine whether MSS was effective as an instrument of sterilisation in absorbing excess liquidity from the system and enabled the RBI to manage the liquidity condition smoothly. This paper has found that MSS was an effective instrument of sterilisation that helped the RBI in managing liquidity conditions in the period of large and exogenous capital inflows. This paper has also found that MSS was even effective in injecting back liquidity into the system through unwinding of securities under MSS redemption and its buyback operations in the period of large capital outflows during the international financial crisis of 2008-09. This helped the large borrowing programmes of the government during 2009-10. The paper has estimated the cost of MSS operations and found it on the lower side considering the scale of operation of this scheme.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"232 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121300731","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}
Noviardi Titis Praponco, Gita Sugiyarti, T. Widayati
{"title":"Analysis of Information Technology and Agility Implementation on the Performance of the State Civil Apparatus with Organizational Learning as Intervening Variables","authors":"Noviardi Titis Praponco, Gita Sugiyarti, T. Widayati","doi":"10.36348/sjef.2023.v07i07.001","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i07.001","url":null,"abstract":"The new normal order of life after the coronavirus/covid-19 pandemic requires changes in government procedures that were previously carried out conventionally/analogously to digital. The state's civil apparatus has undoubtedly been impacted by the age of disruption. Therefore, the purpose of this study is to examine how organizational learning is impacted by the implementation of information technology and agility, as well as how the state's civil service performs as a result of these factors. Using SmartPLS 3.3 as a research methodology for quantitative analysis. The research sample is 100 respondents. Conclusions of the study: Information technology implementation has a significant positive impact on organizational learning, agility has a significant positive impact on organizational learning, information technology implementation has a significant positive impact on state civil servants' performance, and organizational learning has a significant positive impact on performance state civil service.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121973515","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}
W. Okere, Okonkwo Okonkwo, Jisike Jude, Francis Francis, Kelvin Chibuike, Okoye Okoye, Nonso John
{"title":"Effect of Money Market Operations on Industrial Productivity in Nigeria","authors":"W. Okere, Okonkwo Okonkwo, Jisike Jude, Francis Francis, Kelvin Chibuike, Okoye Okoye, Nonso John","doi":"10.36348/sjef.2023.v07i07.002","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i07.002","url":null,"abstract":"Nigeria's industrial zone is often seen as an instrument of economic development, and the financial sector is frequently seen as the fuel that accelerates the growth of that sector. These two areas are bound to interact in a way that benefits both. To that end, this study evaluated the impact of money market activities on industrial production in Nigeria. Quantitative data (time series data) was sourced from the Central Bank of Nigeria's statistics bulletin in 2021. The findings discovered that the interest rate was a highly predictive and negative factor for industrial sector production in Nigeria, but had little to no influence on production directly. But there exists a strong positive correlation amid the money supply and industrial production in Nigeria. Findings suggest that money market interest rates should be decreased and maintained by regulatory bodies at current levels. It is the job of the central bank to make sure there is always enough cash on hand for productive endeavours.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134506935","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}
{"title":"Does Regional Integration Insulate Member Countries from External Spillovers? Studying Trade Shock Transmission between ECOWAS and the Global Economy","authors":"James Kelechi Obinna, Isiwu George Duhu","doi":"10.36348/sjef.2023.v07i06.004","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i06.004","url":null,"abstract":"To ascertain if regional economic integration insulates member countries from external spillovers, this work studied the transmission of trade shocks between ECOWAS and the global economy. It adopted the Diebold and Yilmaz (2009) network approach using quarterly data from 1986Q1to 2019Q4 for selected countries. Data were subjected to preliminary tests using the Phillip-Peron unit root test to establish the order of statonarity and Johansen co-integration test to establish existence of co-integration among variables. Following results of preliminary tests, the underlying VAR model was estimated in error correction form. The forecast error variance decompositions (FEVDs) were subsequently generated and used to build generalized trade linkage measures for analysis. Result of the analysis show that ECOWAS economies are highly linked to the global economy, and are net receivers of trade shocks. The study recommends ECOWAS countries diversify to heavy industrial manufacturing, fashion out uniform trade policies to insulate the region from potential trade shocks.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122110259","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}
Mega Amalia Putri, Tiara Hanida, Iyang Siti Tarwisah, Vera Wati, Z. Maulana, I. Firmansyah
{"title":"The Influence of Digital Marketing, Access to Capital, and Financial Management on the Competitiveness of MSMEs Products in the Regency/City of Tasikmalaya","authors":"Mega Amalia Putri, Tiara Hanida, Iyang Siti Tarwisah, Vera Wati, Z. Maulana, I. Firmansyah","doi":"10.36348/sjef.2023.v07i06.003","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i06.003","url":null,"abstract":"Micro, Small and Medium Enterprises or MSMEs have proven to be the spearhead of the Indonesian economy at the national, regional, and regional levels, including in the Regency/City of Tasikmalaya. The sustainability of MSMEs is a success in business ventures. This can be seen from the digital marketing strategy, financial management, and access to capital, which are the determining factors for the competitiveness of MSMEs products. This study aims to determine the effect of digital marketing, access to capital, and financial management on product competitiveness in Tasikmalaya Regency/City. It can be used as supporting and evaluation material in planning activities and policy planning, increasing MSMEs product competitiveness in Tasikmalaya Regency/City. The research method used quantitative research using a questionnaire instrument distributed to MSMEs actors in the Tasikmalaya Regency/City with 74 respondents. The data analysis technique used is multiple linear regression with the help of the SPSS program. The study results show that digital marketing, access to capital, and financial management positively affect product competitiveness in Tasikmalaya Regency/City.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"253 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132372431","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}
Mohammed Abubakari Sadiq, Abdallah Omoru, Abdurahim Mohammed Mutaka
{"title":"Assessing the Impact of COVID-19 on Bank Customers and their Use of Electronic Banking in Ghana – A Bank Administrative Perspective","authors":"Mohammed Abubakari Sadiq, Abdallah Omoru, Abdurahim Mohammed Mutaka","doi":"10.36348/sjef.2023.v07i06.002","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i06.002","url":null,"abstract":"There is much empirical evidence that Ghanaian banks have adopted electronic banking. By using an automated teller machine, the internet, a phone call, or a mobile device, customers of a bank can request information and conduct majority of banking transactions without having to physically visit the bank branch. Electronic banking, entails all kinds of bank transactions carried out through an electronic medium. This study evaluates how COVID-19 has affected bank clients' adoption of electronic banking in Ghana. Using explanatory research approach and purposive sampling technique, we applied SPSS tool on data collected from four-hundred (400) respondents of a targeted customer population to meet the study's goal. Self-administered close-ended questionnaires were used to collect primary data from the respondents.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"138 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127001105","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}
{"title":"A Descriptive Analysis of Central Bank Cashless Policy of Point of Sale (POS) and Financial Inclusion in Sokoto State, Nigeria","authors":"Uwaisu Ibrahim Ahmad, A. Hassan, Murtala Marafa","doi":"10.36348/sjef.2023.v07i06.001","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i06.001","url":null,"abstract":"This study descriptively explores the contribution of Central Bank cashless policy of point -of sale (POS) to the growth of financial inclusion in Sokoto State using a survey dataset for a sample of three hundred and eighty-four (384) respondents. In the analysis, the study used descriptive technique in form of mean and standard deviation. The study found that point-of-sale has contributed positively to the growth of financial inclusion in Sokoto State. Based on the outcome, this study suggests that Central bank and deposit money banks should encourage the establishment of many point-of-sale locations in both urban and rural areas of the state with view to achieve and accelerate the target financial inclusion.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132670017","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}
{"title":"Analysis of the Factors That Affect the Financial Performance of Kerala Minerals and Metals Limited by Electronic Monitoring","authors":"B. V, Maya Pillai","doi":"10.36348/sjef.2023.v07i05.001","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i05.001","url":null,"abstract":"Financial management is frequently labeled as Business Finance / Corporate Finance. Without proper financial management, every business organization or commercial entity will collapse. It is a source of strength and aid. Financial resources are the wealth of an organization that can be used in achieving its goals. Kerala Minerals and Metals Ltd is one of the unsurpassed performing Public Sector Units in India. The present study is related to turnover and its influence on profitability with the help of Electronic monitoring system (EMS) in KMML. Here the researcher has decided to collect data from KMML. The secondary data is used from the period of 2016-17 to 2018-19 for the present study. It is concluded that throughout the year there has been continuous growth noted in the turnover of KMML. But awkwardly, in the year 2018-19, a declining trend was noted in the net profit. Compared to 2015-16, the KMML was able to maintain a growth rate of 50.40 times the net profit in 2018-19. Also, it noted from the Time series, Turnover, and Net profit can be predicted with the support of the Year. Both Turnover and Net profit showed a remarkable value during the year 2023.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"204 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124762692","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}
{"title":"The Impact of Stock Index Future Trading on Volatility of Underlying Market-Chinese Stock Market","authors":"Banyamin Moradi","doi":"10.36348/sjef.2023.v07i04.006","DOIUrl":"https://doi.org/10.36348/sjef.2023.v07i04.006","url":null,"abstract":"Stock price index futures have long been viewed by experts and scholars as a risk-hedging trading tool that can help investors’ hedge risk and ensure the healthy and stable development of China's financial stock market. The asset underlying of stock price index futures is the stock price index. The CSI 300 stock index futures, a type of stock price index futures, were created on April 16, 2010, and its birth marked the official start of stock index futures trading in China. After the launch of CSI 300 stock index futures, the China Financial Futures Exchange launched (CFFEX) SSE 50 stock price index futures and CSI 500 stock price index futures one after another. The introduction of stock price index futures trading can bring about an impact on the volatility of the stock spot market to a certain extent and play a role in reducing volatility. The speed of transmission of stock index information to market participant decreases after the China Financial Futures Exchange restricts stock index futures trading. Based on the results that the coefficients of DF-DT, the cross term of the two dummy variables added to the GARCH model, have significant values and values less than zero, it can be analyzed that the restrictive measures taken by the China Financial Futures Exchange on stock index futures trading enhance the mitigating restrictive effect of the introduction of stock index futures trading in China on the volatility of the Chinese stock spot market.","PeriodicalId":153790,"journal":{"name":"Saudi Journal of Economics and Finance","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116647071","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}