{"title":"EXPLORING THE DETERMINANTS OF ECONOMIC GROWTH: EVIDENCE FROM PAKISTAN","authors":"Rozina Waheed, Farrah David","doi":"10.52587/jems020203","DOIUrl":"https://doi.org/10.52587/jems020203","url":null,"abstract":"This study aims to analyze the impact of different deriving forces like trade balance, capital, inflation rate, exchange rate and government fiscal measures on economic growth of Pakistan during the period 1977 to 2019. The empirical results are tested through ARDL co-integration method which indicates that capital, inflation rate, exchange rate and tax revenues have significant long term and short term relationship with economic growth.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121422931","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 Hypotheses Testing Method for Evaluation of Startup Projects","authors":"Dmytro Shestakov","doi":"10.30560/jems.v4n4p47","DOIUrl":"https://doi.org/10.30560/jems.v4n4p47","url":null,"abstract":"This paper suggests new perspective to evaluating innovation projects and understanding the nature of startup risks. Author consider five principal hypotheses that underlie every innovative project that comprise a bunch of respective assumptions to manage startup risks in a proactive manner. Suggested approach spots the light on a project’s uncertainties and risks, embedded investment and managerial options, and enables more comprehensive and accurate evaluation of innovation. The Hypotheses Testing Method enables to estimate risks and attractiveness of a startup project in a clear and fast manner. It replaces unclear traditional techniques like NPV and DCF, avoiding heavy cash flow modelling.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"214 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133033398","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":"Cultural Health Moments: A Search Analysis During Times of Heightened Awareness to Identify Potential Interception Points with Digital Health Consumers","authors":"Gulhan Bizel, Cecil Parmar, Kusum Singh, Supriya Teegala, Vijay Kumar Reddy Voddi","doi":"10.30560/jems.v4n4p35","DOIUrl":"https://doi.org/10.30560/jems.v4n4p35","url":null,"abstract":"Year after year whenever someone who is considered “high profile” discovers that they have some sort of sickness or if they pass away due to a sickness, there seems to be a heightened interest in that person. At the same time however, there is a heightened awareness of the type of sickness that the person had. Finding the moments in which there is a heightened sense of awareness towards a specific topic can be something of high value to various agencies and organizations. The objective of this study was to explore the moments in which people start to do some initial search queries when there is a high-profile health moment. Once it is understood when this moment occurs, further research can be done to understand where the search behavior shifts to searches of awareness, signs, symptoms, and introspection over time.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133693414","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":"Determinants of Tax Revenue in Sierra Leone: Application of the ARDL Framework","authors":"Abu Bakarr Tarawalie, Sia Hemore","doi":"10.30560/jems.v4n4p25","DOIUrl":"https://doi.org/10.30560/jems.v4n4p25","url":null,"abstract":"The aim of this paper is to investigate the determinants of tax revenue in Sierra Leone, over the period 1990Q1 to 2020Q1, within the context of the ARDL estimation procedure. The result from the ARDL Bound test for cointegration suggests that a long-run relationship exists among the variables. The long run analysis indicates that real GDP (Y), openness (Op) and official development assistance (ODA) are the main determinants of tax revenue (TR) in Sierra Leone, with positive coefficients. This result is in tandem with the short run findings, which establishes a positive relationship between tax revenue and its regressors- real GDP and openness. However, the short run result also suggests that inflation has a negative impact on tax revenue. The findings confirm that any short-run disequilibrium to the long-run can be corrected at the 11 percent speed of adjustment quarterly, albeit at a low speed of adjustment. The diagnostic result shows that approximately 75 percent of the variation in the dependent variable is explained by the regressors based on the value of the R-squared. It also confirms that the model is free of serial correlation and heteroscedasticity, whilst the CUSUM test indicates stability of the model coefficients. \u0000The policy implication is for government to pursue policies that will enhance economic growth, through investment in growth enhancing sectors including agriculture, health, education, energy and infrastructure development; and ensure a politically stable environment as a recipe for private sector investment.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114865036","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}
Di Zhu, Yefei Li, Ejimofor Bruno Chiedozi, Hui Pan
{"title":"The Impact of Foreign Direct Investment on Income Convergence in China - A Spatial Panel Data Analysis","authors":"Di Zhu, Yefei Li, Ejimofor Bruno Chiedozi, Hui Pan","doi":"10.30560/jems.v4n4p1","DOIUrl":"https://doi.org/10.30560/jems.v4n4p1","url":null,"abstract":"After taking into account the spatial dependence effects in the panel data consisting of all 31 provinces, direct-controlled municipalities, and autonomous regions in China between the years 1998 and 2017, it found significant spatial autocorrelation effects in both traditional absolute and conditional β income convergence models. At the national level, using the spatial econometric models (Spatial Error Model for absolute convergence and Spatial Durbin Model for conditional convergence), the analysis shows that in the past 19 years from 1999 to 2017, there is no absolute β income convergence. However, there is conditional β income convergence after controlling for all growth factors, while the positive effect of fixed asset investment on regional economic growth is significant, and the effect of population growth is significantly negative. The other growth factors such as FDI inflow, export, and higher education enrollment were surprisingly found no statistically significant effects on regional economic growth. From regional level (Spatial Durbin Model and Spatial Lag Model), there is no conditional β income convergence within each four economic regions. Nonetheless, the northeast region showed an income divergence trend, where only the fixed asset investment is positively significant. This study results imply that China should continue to improve fixed asset investment and control population growth to stimulate regional economic growth and income convergence.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131633577","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":"Situational Approach of Leadership - Case Study at \"Kujtesa\" Company","authors":"Adelina Arifi, Musa Krasniqi, Berim Ramosaj","doi":"10.30560/jems.v4n3p26","DOIUrl":"https://doi.org/10.30560/jems.v4n3p26","url":null,"abstract":"In the contemporary time in which we live, the approach of leaders plays an important role in implementing the strategy of the “Kujtesa” company. The purpose of this research is to show the application of leadership style to their subordinates. The methodology used in the study is a combination of quantitative and qualitative data. The results of the research were processed with the data of 100 employees and managers of the “Kujtesa” company. The data were processed using the statistical analysis of SPSS program. This research includes the analysis of key factors of leaders' style with their subordinates such as: human resource management, work structure, management readiness to face new challenges and new situations. This study shows a clear picture of the functioning of leaders' approaches to subordinates.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120951320","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 TRADE LIBERALIZATION ON EMPLOYMENT AND WAGES: PANEL EVIDENCE FROM DEVELOPING COUNTRIES","authors":"Najia Mughal, G. Shabbir, shabib haider syed","doi":"10.52587/jems020201","DOIUrl":"https://doi.org/10.52587/jems020201","url":null,"abstract":"Since the 1990s, developing countries shifted their trade policy from inward-oriented strategy to outward-oriented strategy because of the conditions imposed by international lending institutions for granting loans to developing countries. The current study aims to investigate the impact of trade liberalization on employment and wages within the 30 developing countries over the period 2000 to 2019. To investigate empirical connections between trade, employment and wages, reduced form equations of labor demand and wages have been devised. The study has applied Generalized Method of Moments estimation techniques to estimate labor demand and wage equations to tackle the problem of endogeneity. The empirical findings of the study predict that trade liberalization has significant adverse effect on both labor demand and wages. However, the magnitude of the influence of trade on both one is small. Similarly, wages, employment level, output and real exchange rate are affecting employment and wages significantly. While ILO ratifications are significant only when KOF trade globalization is used as measure of liberalization, and time trend is significant only when weighted tariff rate is used as a measure of liberalization. To craft a multilateral and effective policy development, both real output and workers’ skill should be the focus of economic managers of the developing economies to reap the benefits of trade liberalization.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125914367","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 Development of Sino Indian Trade from the Perspective of “The Belt and Road Initiative”","authors":"Chen Zilong","doi":"10.30560/jems.v4n3p7","DOIUrl":"https://doi.org/10.30560/jems.v4n3p7","url":null,"abstract":"Since ancient times, the two ancient civilizations of China and India have had a long history of trade exchanges, and such trade exchanges have left an important mark in the history of Sino-India relations. Chronologically,this article takes the Sino-Indian trade exchanges as a research perspective to outline two thousand years of trade history between two countries. From the Sino-Indian Business Road that began in the Qin Dynasty and Han Dynasty to the origin of the Silk Road on which Zhang Qian went to the Western Regions as an envoy, explored the Sino-India-Tibet Road and Maritime Silk Road trade; analyzed the opium trade between China, Britain and India in modern times. At the same time, it uses the founding of People’s Republic of China, the Sino-Indian War, the Belt and Road Initiative and the important events of the global epidemic as nodes to describe the development of Sino-Indian trade. In the long history, this kind of rich trade history also shows that China and India are more likely and should establish a better and more extensive trade cooperation relationship, and learn to effectively deal with the turmoil. This will provide reference for operating the trade activities between the two countries.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"111 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133454038","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":"International Evidence on Purchasing Power Parity: A Study of High and Low Inflation Countries","authors":"M. Monadjemi, J. Lodewijks","doi":"10.30560/jems.v4n3p1","DOIUrl":"https://doi.org/10.30560/jems.v4n3p1","url":null,"abstract":"The purpose of this article is to select a sample of low inflation countries and high inflation countries and examine the long run validity of the relative Purchasing Power Parity doctrine. We explore the notion that countries with historically low inflation experience strong and stable currency and those with a continuous high inflation face weak and depreciating currencies. After a review of the literature, a theoretical model is developed for the relationship between inflation and exchange rate changes. This is followed by some graphical annual time series and empirical results for selected countries. We find our hypothesis is supported for high inflation countries. We then explore productivity differences and their impact on real exchange rates.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128731767","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}
Frank Engwa Engwa, Ivan Mboambogoh Yakum, S. T. Mukah
{"title":"The Role of Banking Institutional Services on the Sustainable growth of SMEs in Cameroon","authors":"Frank Engwa Engwa, Ivan Mboambogoh Yakum, S. T. Mukah","doi":"10.30560/JEMS.V4N2P1","DOIUrl":"https://doi.org/10.30560/JEMS.V4N2P1","url":null,"abstract":"Banking institutions have been very instrumental to the growth of Small and Medium Sized enterprises in many developed economies, and they have been considered as one of the principal driving forces for economic development. The case has not been the same for Cameroon as owner managers of these SMEs have been complaining of the limited presence of banking institutions in solving their problems. Mindful of the fact that Cameroon has a growth vision to become an emerging economy by 2035, the country had to take giant steps to boast the growth of SME in the country. Some of these steps were the introduction of the small business law in 2010. This was all in a drive to ensure that SME play a vital role to the GDP growth, reduce unemployment, alleviate poverty and act as an engine for the country’s emergence growth drive. It is therefore in this light that a study was carried out on the role of banking institutional services on the sustainable growth of SME in Cameroon. A logistic regression model was adopted to examine the impact of banking institutions on the growth of SMEs in Cameroon. The data used in the study was extracted from the 2016 Cameroon Enterprise Survey which was collected from 361 enterprises by the National Institute of Statistics in the country. From the empirical results, it was discovered that 68.4% of the enterprises were growing as opposed to the 31.6%. Despite the high growth rate of these SME bank loans were affecting the growth of SME negatively while MFI loans, electronic banking services, internal funds and research and development were positively contributing to the growth of SME in the country. Thus, we concluded the study by emphasisng the implementation of relationship lending which will contribute positively to the growth of SMEs and more so fiscal policies should be ameliorated to boast the growth of startups businesses.","PeriodicalId":234310,"journal":{"name":"Journal of Economics and Management Sciences","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123426731","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}