Research in Applied Economics最新文献

FDI Inflows and Economic Growth: A Novel Application of Dose-Response Functions 外国直接投资流入与经济增长：剂量-反应函数的新应用

Research in Applied Economics Pub Date : 2024-03-10 DOI: 10.5296/rae.v16i1.21607

Alessandro Cusimano, C. Donegani, Federico Fantechi, Eun Sun Godwin

{"title":"FDI Inflows and Economic Growth: A Novel Application of Dose-Response Functions","authors":"Alessandro Cusimano, C. Donegani, Federico Fantechi, Eun Sun Godwin","doi":"10.5296/rae.v16i1.21607","DOIUrl":"https://doi.org/10.5296/rae.v16i1.21607","url":null,"abstract":"In this work we estimate different dose-response functions linking FDI inflows received by developing countries with their economic growth. Although the impact of FDI on the economic growth of host countries has been widely investigated in literature, findings have been ambiguous. Our study proposes a novel ‘dose-response’ approach which allows the response of recipients to different amounts of treatment in terms of FDI inflow to be observed. Our findings show that the estimated dose-response functions are statistically significant for treatment values greater than 20%, after the treatment has been rescaled to a percentage measure of the maximum dose observed, and increasing at a decreasing rate, therefore suggesting three relevant results: a) a country receiving a greater amount of FDI inflows will present a higher economic growth; b) there might be a minimum amount of FDI inflows required to reach some policy effectiveness; c) the initial amounts of FDI inflow are more effective than the subsequent ones. Results will help policymakers to better isolate the effect of FDI on economic growth and conduct informed FDI cost-benefit analysis.","PeriodicalId":225665,"journal":{"name":"Research in Applied Economics","volume":"57 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140255221","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

Analysis of the Determinants of Agricultural Investment Decisions in Burkina Faso 布基纳法索农业投资决策的决定因素分析

Research in Applied Economics Pub Date : 2023-12-23 DOI: 10.5296/rae.v15i2.21551

Adiaratou Diallo, Pam Zahonogo

引用次数: 0

The Keynesian Stimulus Model: Stimulating Economic Activities with Direct Transfers 凯恩斯刺激模型:以直接转移刺激经济活动

Research in Applied Economics Pub Date : 2023-06-11 DOI: 10.5296/rae.v15i1.20672

Christopher Achazie Osuoha

{"title":"The Keynesian Stimulus Model: Stimulating Economic Activities with Direct Transfers","authors":"Christopher Achazie Osuoha","doi":"10.5296/rae.v15i1.20672","DOIUrl":"https://doi.org/10.5296/rae.v15i1.20672","url":null,"abstract":"Governments use direct transfers as a fiscal measure to stimulate economic activities during shocks. As COVID-19 continues to ravage economies globally, governments worldwide have responded with fiscal and monetary policies to manage the pandemic’s economic impact. In addition, the U.S. government has intervened with direct transfers to provide liquidity to prevent a prolonged shock. However, opinions are divided on the efficacy of the Keynesian stimulus policy. This study used a mixed-method research design to analyze the classical Keynesian model and compares it with the monetarist model to provide insight into the stimulus policy outcomes of the Coronavirus Aid Relief and Economic Security (CARES) Act of 2020 and subsequent policies used to manage the COVID-19 shock. Time-series data from the Bureau of Economic Analysis (BEA), Bureau of Labor Statistics (BLS), and the Federal Reserve Bank (the Fed) of the percentage changes in GDP, disposable personal income (DPI), and personal consumption expenditure (PCE), as well as unemployment rates (UR), interest rates (INT), and inflation rates (IFL), were collected and analyzed. The study used multiple regression (MR) to empirically examine the variables' relationships to ascertain both models’ short-term efficacy. The results suggest that DPI, PCE, and UR significantly predicted the percentage change in GDP in the Keynesian model, whereas, UR, INT, and IFL did not substantially predict the change in GDP in the monetarist model.","PeriodicalId":225665,"journal":{"name":"Research in Applied Economics","volume":"493 1-2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134077848","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 Analysis of Pandemic on Nigeria’s Stock Market Performance 疫情对尼日利亚股市表现的影响分析

Research in Applied Economics Pub Date : 2022-12-12 DOI: 10.5296/rae.v14i2.20560

A. O., Awosoga, O. A., Babalola, C. P., Okunade, S. O., Agumadu, M. A., Shuaib, F. L.

{"title":"Impact Analysis of Pandemic on Nigeria’s Stock Market Performance","authors":"A. O., Awosoga, O. A., Babalola, C. P., Okunade, S. O., Agumadu, M. A., Shuaib, F. L.","doi":"10.5296/rae.v14i2.20560","DOIUrl":"https://doi.org/10.5296/rae.v14i2.20560","url":null,"abstract":"We empirically conducted a distinct analysis of the efficiency of the stock market before and during the Covid-19 pandemic in Nigeria as well as the impact of the Covid-19 pandemic on several indicators of stock market performance. Data were collected on stock variables on monthly basis for the pre-Covid-19 era (2018M02 to 2020M01) and Covid-19 pandemic era (2020M02 to 2022M01) from the Central Bank of Nigeria Statistical Bulletin, while data on the numbers of daily new confirmed cases (New cases and deaths) as well as the government response stringency index on COVID-19 pandemic were obtained from Our World in Data (OWID). We leveraged numerous advantages of the Data Envelopment Analysis (DEA) to estimate stock market efficiency before and during the Covid-19 pandemic for the purpose of comparison. Also, we employed the Autoregressive Distributed Lag Mixed Data Sampling (ADL-MIDAS) approach to conduct the impact analysis of the Covid-19 pandemic on stock market performance. We found that, in terms of efficiency, the stock market was more efficient during the Covid-19 pandemic than in the pre-Covid-19 era, being the only active market among other financial markets especially when several restrictions and total lockdown were imposed. In terms of returns and volatility, the study concluded that the Covid-19 pandemic did not significantly influence Nigeria’s stock market performance negatively. However, the government stringency measures had a significant positive impact on the stock market return in Nigeria. Our findings are instructive to policymaking and financial regulation.","PeriodicalId":225665,"journal":{"name":"Research in Applied Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117108026","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

Collaboration Trumps Intelligence as a Predictor of Standard of Living 作为生活水平的预测指标，合作胜过智力

Research in Applied Economics Pub Date : 2022-08-24 DOI: 10.5296/rae.v14i2.19960

Dennis Ridley

引用次数: 1

Analysis of Debt to GDP Ratio with Microeconomic Foundations: Theoretical Basis for MMT Arguments 债务与GDP之比的微观分析:MMT论证的理论基础

Research in Applied Economics Pub Date : 2022-06-21 DOI: 10.5296/rae.v14i1.19865

Yasuhito Tanaka

引用次数: 1

Role of Financial Sector Development in the Nexus Between Inclusive Growth and Poverty: A Regional Comparative Analysis from Sub-Saharan Africa 金融部门发展在包容性增长与贫困关系中的作用:来自撒哈拉以南非洲地区的区域比较分析

Research in Applied Economics Pub Date : 2022-05-07 DOI: 10.5296/rae.v14i1.19855

Abiodun Sunday Olayiwola, T. Akinbobola

{"title":"Role of Financial Sector Development in the Nexus Between Inclusive Growth and Poverty: A Regional Comparative Analysis from Sub-Saharan Africa","authors":"Abiodun Sunday Olayiwola, T. Akinbobola","doi":"10.5296/rae.v14i1.19855","DOIUrl":"https://doi.org/10.5296/rae.v14i1.19855","url":null,"abstract":"The problem of poverty in the developing countries and what makes Sub-Saharan Africa (SSA) a region with the “highest number of poor people” in the world remains a topical issue that requires serious research attention. Following extant studies, in which the mediating role of financial sector development has not been taken into consideration in their finance- growth and poverty nexus, this study deviates by using two measures of poverty level: absolute and multidimensional poverty level; and at the same time provides comparative analyses at SSA sub-regional communities. Our findings reveal that the effects of inclusive growth on poverty reduction (both absolute and multidimensional level), for most sub-regions in SSA except Central African countries, are positive. While the mediating role of financial sector development appeared to be slightly different with mixed results. In West and Central African countries, the mediating role of the financial sector, though very weak, complements theinclusive growth effects on poverty reduction. On the contrary, financial sector development does not complement inclusive growth when it comes to poverty reduction in South African countries. Also, financial sector development does not complement the absolute poverty reduction effect of inclusive growth in the East African sub-region but the result is otherwise under multidimensional poverty reduction. Therefore, we recommend that financial sector development in most SSA countries should be improved upon through relevant monetary policy that promotes financial innovations, financial sector reforms, efficiency in financial inclusion across the region, and at the same time efforts should be geared toward directing some of the gains in financial sector development to inclusive growth-enhancing activities in southern African sub-region","PeriodicalId":225665,"journal":{"name":"Research in Applied Economics","volume":"120 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120962089","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

Financial Development, Income Inequality and Poverty Alleviation: Some Empirical Evidence 金融发展、收入不平等与扶贫:一些经验证据

Research in Applied Economics Pub Date : 2021-12-24 DOI: 10.5296/rae.v13i4.19018

Adel Bogari

引用次数: 0

Promoting Social Entrepreneurship in Morocco: The case of NIHD ’s projects in Ouarzazate 促进摩洛哥社会企业家精神:以NIHD在瓦尔扎扎特的项目为例

Research in Applied Economics Pub Date : 2021-12-24 DOI: 10.5296/rae.v13i4.19369

Jabrane Amaghouss, Jihad Ait Hssain

引用次数: 0

Using the Entirety of the Term Structure to Forecast Recessions 利用整体期限结构预测经济衰退

Research in Applied Economics Pub Date : 2021-12-21 DOI: 10.5296/rae.v13i4.19368

Alfredo A. Romero

引用次数: 0