Theoretical and Applied Economics最新文献

{"title":"Gravity model of international trade among EAEU, SCO and BRICS countries","authors":"Ozarnov Ruslan Vladislavovich","doi":"10.25136/2409-8647.2020.4.33954","DOIUrl":"https://doi.org/10.25136/2409-8647.2020.4.33954","url":null,"abstract":"This article is dedicated to examination of factors influencing the economic and financial cooperation of countries with developing market, namely EAEU, SCO and BRICS, by means of building a gravity model of trade. Special attention is given to affiliation of the countries to former USSR. The established timeframe starts with the crisis for Russia 2014 and continuous until the present. The subject of this research is the economic and financial relations emerged in the process of cooperation of EAEU, SCO and BRICS member-states with developing market. The author examines the factors affecting economic and financial cooperation of these countries, such as the size of external trade, gross domestic product per capita, trade openness index, currency appreciation rate of importing and exporting countries, distance between the countries, affiliation of the country with developing market to EAEU, SCO and BRICS. Using econometric methods, the author determines the factors impacting the cooperation of countries with developing markets within the three blocks – EAEU, SCO and BRICS based on the gravity model of international trade. This defines the scientific novelty of this work. The peculiarity of this model consists in availability of lag exchange rates. Inclusion of lag in reference to the currency rate of the exporter led to exclusion of 2014 data from sampling. The acquired results should be taken into account Russia’s cooperation on bilateral and multilateral basis within the framework of EAEU, SCO and BRICS.","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"1 1","pages":"14-27"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69542917","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":"MACROECONOMIC STABILITY OF NEW MEMBER STATES OF THE EUROPEAN UNION: FIFTH ENLARGEMENT","authors":"Sanel Razić, Merim Kasumović","doi":"10.7251/ZREFIS1919055R","DOIUrl":"https://doi.org/10.7251/ZREFIS1919055R","url":null,"abstract":"The historical context of globalization as an organized process, which influenced the majority of national economies linked via international institutional mediators, led to the so called regional economic integration phenomenon. It is interpreted as the efforts of underdeveloped and developing countries to speed up their economic growth and more significantly impact the entire macroeconomic stability by means of some form of regional integration. Nowadays, regional economic integration is one of the pillars for proper functioning of modern economic relations. Experience of developed countries serves as an example to point out that integration processes inevitably contribute to more favorable environment for developing business sector in the countries striving for integration. In the context of global integrations, more frequent forms of regional changes and the establishment of trade blocks come as the consequence as well as the overall need for obtaining trade balance among national economies. Within this context, the European Union is seen as one of the most important regional integration and an imperative in economic, political and cultural segment, as it is the territory with significant economic growth and the region with high living standards.","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"8 1","pages":"55-66"},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71382716","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":"Costs of Democracy","authors":"M. Dinu","doi":"10.1093/oso/9780199487271.001.0001","DOIUrl":"https://doi.org/10.1093/oso/9780199487271.001.0001","url":null,"abstract":"Elections are the procedural foundations of democracy. We cannot conceive of democracy without elections, but it is equally impossible to imagine elections without money. This book is the first in-depth investigation of the role money plays in Indian politics. Drawing on extensive fieldwork on political campaigns, unique surveys, and creative and innovative data analysis, this book opens readers’ eyes to the opaque and enigmatic ways in which money flows through the political heart of the world’s largest democracy. The contributions in this volume are structured around five central questions: What is the institutional and regulatory context governing the flow of money in politics? What are the sources of political finance? What do campaigns spend on and why do they spend such vast sums? How does money operate at, and interact with, different levels of government? And what are the substantive implications for democracy itself?","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"1 1","pages":"1-1"},"PeriodicalIF":0.0,"publicationDate":"2018-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49619662","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 the real estate market: the Romanian case","authors":"D. Popescu, C. Ciora","doi":"10.15396/eres2014_243","DOIUrl":"https://doi.org/10.15396/eres2014_243","url":null,"abstract":"Real estate represents a significant portion of most people's wealth, and this is especially true for many homeowners everywhere in the world. The size and scale of the real estate market make it an attractive and lucrative sector for many investors. This paper aim at presenting the main determinants of the real estate market in Romania such as demographics, interest rates of financing instruments, the economy (measured by economic indicators such as the GDP, employment data, manufacturing activity, the prices of goods), government policies/subsidies legislation that can have a sizable impact on property demand and price, real estate investment opportunities, depth and sophistication of capital markets, investor protection and legal framework, administrative burdens and regulatory limitations, and socio-cultural and political environment.","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"1 1","pages":"21-34"},"PeriodicalIF":0.0,"publicationDate":"2015-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67067551","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":"Measuring the governance in Pakistan: An introduction to KU Index","authors":"Rana Ejaz Ali Khan, Shafqut Ullah","doi":"10.7251/ACE1421023A","DOIUrl":"https://doi.org/10.7251/ACE1421023A","url":null,"abstract":"The governance at the national level has commonly been measured as poor or good governance by researchers in the area of public sector reforms. They have rarely attempted the numeric estimation of the concept but used different socioeconomic indicators as proxies. Governance is a multidimensional concept that cannot be accurately elaborated by a single indicator. In the literature there exists a gap for gauging the governance in the form of an index. The current study has attempted to ameliorate different dimensions of governance by including forty two social, political, economic, demographic and environmental indicators. These indicators are firstly merged into thirteen sub-dimensions and then into five dimensions. The dimensions have been transformed in to governance index. The trend of the index shows that governance has not only progressed very slowly but it remained desperate in the study period. The contribution of this study is to provide governance index named KU index for Pakistan in annual time series for the years 1980-81 to 2010-2011. The index explained the level of governance in different eras and is ultimately connected with public sector reforms. It can be used by researchers as an explanatory factor for various political, socioeconomic and regional strategic phenomenon. Furthermore, the criterion of estimation of governance may be adopted for other economies and comparative analysis may be done.","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"1 1","pages":"39-56"},"PeriodicalIF":0.0,"publicationDate":"2014-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71383101","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":"Quality based credit risk mitigation for bank performance enhancement: empiric study at Indonesia bank","authors":"Nini Avieni","doi":"10.12955/EJBE.V9I1.434","DOIUrl":"https://doi.org/10.12955/EJBE.V9I1.434","url":null,"abstract":"Purpose- Risk Mitigation is a risk management system for company performance enhancement. Somehow, there is an ongoing controversy over whether risk mitigation inherently enhances business performance. The aim of this paper is to settle the controversy, and provide insights roles of risk mitigation on corporate strategy. Design/methodology/approach – Author examined application of risk mitigation at an Indonesia Bank, which the company is using Lean Six Sigma, based on responses from 112 credit analysts and database of company performance indicators. This examination will showing at the end relationship between implication of Lean Six Sigma at credit risk mitigation system and unit banks performance. Findings – This paper provide research result that Quality Based Credit Risk Mitigation which is risk mitigation using Lean Six Sigma will enhance company performance through improve credit quality and credit process efficiency. Research Limitation – This research has limitation on scope of work. It was done at 112 business unit at one bank, in reason the wish gain information is categorized as confidential at each of company. Next future research should be doing at companies at same industries or different industries. Practical implication – The new concept is Quality Based Credit Risk Mitigation (Mitigasi Risiko Kredit Berbasis Kualitas - MRKBK). MRKBK is credit risk mitigation using Lean Six Sigma as guidance to enhance company performance by increasing credit quality and minimize credit process time. It was proven increasing company performance through improve quality of process and products. The result will give better value to company performance, especially banking area, which has interest on operational performance and strategic management. Social Implication – This research has social implication to increase banking credit facility for industry and society. The credit financing, at the end, could improve economic growth of nations. Originality/value – The study described in this paper is unique in establishes a statistical valid relationship between credit risk mitigation, Lean Six Sigma and bank performance. Paper type Research paper","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"1 1","pages":"67-90"},"PeriodicalIF":0.0,"publicationDate":"2014-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66390093","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":"Determination of market rent for the application of the direct capitalization approach in assessing the real estate investment","authors":"A. Popescu, Ștefania-Cristina Curea","doi":"10.15396/eres2014_239","DOIUrl":"https://doi.org/10.15396/eres2014_239","url":null,"abstract":"This article is meant to make several specifications with respect to the correct estimate of the effective market rent, that is the starting point for determining the net exploitation income, respectively the financial indicator found in the numerator of the income capitalization formula (the other indicator, found at the formula denominator, being the capitalization rate).","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"1 1","pages":"15-20"},"PeriodicalIF":0.0,"publicationDate":"2014-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67067442","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":"An analysis of the evolutions of real estate market and purchasing power within the European Union","authors":"C. Șipoș, Alexandru Buglea","doi":"10.15396/eres2014_177","DOIUrl":"https://doi.org/10.15396/eres2014_177","url":null,"abstract":"The paper analyzes the influence of the purchasing power on the evolution of the real estate market in the EU countries, based on the developments of GDP per capita, purchasing power parities, House Price Index and production in construction in period 2008-2013 in the EU countries. The research reveals that the evolution of GDP per capita significantly influences the evolution of House Price Index, and the price index at his turn influences the evolution of production in construction. Finally, is made a grouping of EU countries into four categories and are discussed the prospects of Real Estate market developments in the EU countries.","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"1 1","pages":"5-14"},"PeriodicalIF":0.0,"publicationDate":"2014-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67067429","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":"Stochastic evolutionary cartel formation","authors":"Darong Dai, Kunrong Shen","doi":"10.2139/SSRN.2272488","DOIUrl":"https://doi.org/10.2139/SSRN.2272488","url":null,"abstract":"This paper employs the evolutionary dynamics driven by the Moran process (a special birth-death process) to investigate endogenous cartel formation from the perspective of stochastic evolution of the underlying industry. A Prisoner’s Dilemma game is derived based on the Cournot competition between any two firms. Moreover, in a repeated setting, we consider the normal-form game between two well-known behavior modes: cooperative strategy tit-for-tat (TFT) and non- cooperative strategy always defect (ALLD). We then give the corresponding conditions under which full collusion and partial collusion are established, respectively, in stochastic evolutionary sense. Finally, both the threshold of discount factor and the threshold of industry concentration are endogenously determined in the model.","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"1 1","pages":"7-26"},"PeriodicalIF":0.0,"publicationDate":"2014-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68049831","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":"Evolution of Comovement between Commodity Futures: Do Biofuels Matter?","authors":"D. Dedeoğlu","doi":"10.36880/c04.00693","DOIUrl":"https://doi.org/10.36880/c04.00693","url":null,"abstract":"In this study we investigate the commodity futures linkages for the period 1988:M1-2012:M4. We use monthly futures prices for nine commodities. We employ wavelet analysis to investigate the comovement of commodity futures. By using wavelet based measure of correlation we investigate correlation between commodity futures in both time and frequency domain. The results indicate that correlations are low for short, medium and long-run. We also find evidence of a tendency towards an increase in correlations after 2008. This can be the result of the global crises which has an effect on feedstock costs and the price of energy inputs by putting front a channel through biofuels that links energy and agricultural commodities by increasing the correlation between these commodities after 2008.","PeriodicalId":30009,"journal":{"name":"Theoretical and Applied Economics","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2013-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69775056","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}