Research in World Economy最新文献_第10页

Covid-19 Pandemic and the Market Performance Analysis: Evidence From Indonesia Covid-19大流行与市场表现分析:来自印度尼西亚的证据

Research in World Economy Pub Date : 2020-12-20 DOI: 10.5430/rwe.v11n6p337

Achmad Nurdany, M. G. Wibowo, Izra Berakon

{"title":"Covid-19 Pandemic and the Market Performance Analysis: Evidence From Indonesia","authors":"Achmad Nurdany, M. G. Wibowo, Izra Berakon","doi":"10.5430/rwe.v11n6p337","DOIUrl":"https://doi.org/10.5430/rwe.v11n6p337","url":null,"abstract":"This paper empirically identified the impact of the Covid-19 pandemic on market performance in Indonesia. We use a cointegrating regression model of FM-OLS and D-OLS along with Cubic Spline missing data interpolation, summary unit root test, unit root test with Dickey-Fuller breakpoint selection, and Johansen cointegration test. Daily time series data of Covid-19 cumulative case, exchange rate, IDX composite, and gold commodity price were analyzed around 119 days after the first announced case in Indonesia. The finding from FM-OLS and D-OLS analysis showed that the Covid-19 pandemic has a positive and significant impact on exchange rate and gold commodity price. The Covid-19 pandemic impact is appeared to be negative and significant in explaining IDX composite price. It seems that during the Covid-19 pandemic, people prefer to do transactions in the commodity market than neither capital nor money market. The diagnostic of cointegrating regression showed that all variables are integrated of order one I (1), and the long-run cointegration among variables in each equation exists. From the unit root test with break point selection, this study revealed that Covid-19 pandemic has an extreme impact on Indonesian market performance only in the first month after the case was announced. The government responses to mitigate the spread of the Covid-19 pandemic and to minimize the possibly profound impact of market performance are appeared to be successful. Besides, it seems that people's fear is diminished, quite high in the first month, and began to shrink in the following month.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"186 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133637379","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

Moderated Mediation Effects of Economic Freedom on FDI Under Different Levels of Political Stability 不同政治稳定水平下经济自由度对FDI的调节中介效应

Research in World Economy Pub Date : 2020-12-20 DOI: 10.5430/rwe.v11n6p269

Ilija Stojanović

{"title":"Moderated Mediation Effects of Economic Freedom on FDI Under Different Levels of Political Stability","authors":"Ilija Stojanović","doi":"10.5430/rwe.v11n6p269","DOIUrl":"https://doi.org/10.5430/rwe.v11n6p269","url":null,"abstract":"Global competitiveness position is perceived as a highly relevant enabler for attracting foreign direct investments. Our study goes beyond this well-known fact to understand whether economic freedom indicators are relevant cause for global competitiveness in attracting foreign direct investments and how this relationship behaves in different conditions of political stability. We focused our empirical study to mediating and moderating processes through which global competitiveness is linked with FDI. We developed and tested a second stage moderated parallel mediation model to observe mediating effects of economic freedom and moderating effects of political stability. Our research was focused on mediating effects of several indicators of Economic Freedom including Size of Government, Legal System & Property Rights, Sound Money, Freedom to trade internationally and Regulation. The findings indicate that Legal System & Property Rights and Freedom to trade internationally have positive conditional indirect effects within the model. Freedom to trade internationally is a much more sensible mediator variable in case of different levels of political stability while Legal System & Property Rights is not significantly affected by political stability, strengthening economic freedom in these two dimensions provides an enhanced effect of existing competitiveness on FDI growth. We recognized that political stability has no influence on the indirect effects between competitiveness and inward FDI produced by Legal System & Property Rights, as one of the dimensions of economic freedom. Therefore, to attract FDI in unstable political conditions is very useful to establish a proper legal system and adequate protection of property rights. In such a legal environment, foreign investors will feel comfortable regardless of the political risks in the country. Freedom to trade internationally is a much more sensible mediator variable under the influence of political instability.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126705856","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

Impact of Demographic Features of Young Entrepreneurs on Financial Literacy: Meta-Analysis in Delhi NCR 青年企业家人口特征对金融素养的影响:德里NCR的元分析

Research in World Economy Pub Date : 2020-12-05 DOI: 10.5430/rwe.v11n6p213

Ankur Agrawal, M. Tausif, Praveen Kumar Pandey, P. Pandey

{"title":"Impact of Demographic Features of Young Entrepreneurs on Financial Literacy: Meta-Analysis in Delhi NCR","authors":"Ankur Agrawal, M. Tausif, Praveen Kumar Pandey, P. Pandey","doi":"10.5430/rwe.v11n6p213","DOIUrl":"https://doi.org/10.5430/rwe.v11n6p213","url":null,"abstract":"Financial literacy capability impacts individuals, families, financial institutions and the economy, as a whole. Financial knowledge is required in every aspect of life in this competitive world. The fundamental object for this analysis is to assess the impact of demographic features of budding young entrepreneurs on their financial Literacy, in the national capital reason of India. The methodology used is, the self-administered and closed-ended questions to collect the experiential data from the young entrepreneurs. Before conducting the survey, dense literature was conducted to understand the background of the concept and to find the research gap. The study reports that a young male budding entrepreneur in the age group of the '20s, started a venture or entrepreneurial activity at an early age and graduate in the field of technology, accounts, economics or management is well versed in understanding the financial implications. The socio-economic culture of India supports the results. The outcome of the study will be useful for the banks, financial institutions, venture capitalist, who involved in financing the start-ups and new ventures moreover, it is also essential for government and policymakers who gives subsidies and other support to make India as a self-reliant nation \"Aatm - Nirbhar Bharat\".","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132379574","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

The Influence of Capital Structure on Stock Returns – An Empirical Study on Industrial Companies 资本结构对股票收益的影响——基于实业公司的实证研究

Research in World Economy Pub Date : 2020-10-09 DOI: 10.5430/rwe.v11n6p362

Mohammed Jamal AlZou’bi, Ammar Daher Bashatweh, Laith Khader

引用次数: 0

The Size of the Public Economy and Its Economic Efficiency Problem 公共经济规模及其经济效率问题

Research in World Economy Pub Date : 2020-10-08 DOI: 10.5430/rwe.v11n6p234

M. Nar

引用次数: 1

Effect on Product Innovation and Marketing in Herbal City Community 对草本城市社区产品创新与营销的影响

Research in World Economy Pub Date : 2020-10-08 DOI: 10.5430/RWE.V11N6P63

Yananda Siraphatthada, Duangkamol Thitivesa, Parichart Rattanabunsakul