Eurasian Journal of Economics and Finance最新文献

Enhancing Foreign Currency Allocation for Private Sector Development – Case of the Reserve Bank of Zimbabwe Forex Auction System 为私营部门发展加强外汇配置——以津巴布韦储备银行外汇拍卖制度为例

Eurasian Journal of Economics and Finance Pub Date : 2023-01-01 DOI: 10.15604/ejef.2023.11.02.003

Michael Takudzwa Pasara, Nigel Nyajeka, Steven Henry Dunga

{"title":"Enhancing Foreign Currency Allocation for Private Sector Development – Case of the Reserve Bank of Zimbabwe Forex Auction System","authors":"Michael Takudzwa Pasara, Nigel Nyajeka, Steven Henry Dunga","doi":"10.15604/ejef.2023.11.02.003","DOIUrl":"https://doi.org/10.15604/ejef.2023.11.02.003","url":null,"abstract":"Foreign currency shortages remain a perennial challenge in Zimbabwe leading to several spillover effects such as shortages in electricity, raw materials, fuel, inflation among other market distortions. The central bank introduced the Dutch Auction system in an attempt to address forex shortages but the effectiveness of this approach has been questioned. This study employed the Vector Autoregressive (VAR) and error corrected (VECM) models in order to empirically determine how the Reserve Bank of Zimbabwe can efficiently allocate foreign currency in a manner which supports private sector development. In the short run, the auction is an effective tool to promote private sector development. However, long run analysis presents a deletions effect. This is due to a rise in round-tripping from market participants to leverage and perform arbitrage on different rates (auction and parallel), increased backlog reflecting shortages in allotments and high incidences of corruption. All this leads to a significant decrease in the confidence levels of the economy among private stakeholders. The study recommends monitoring of authorized auction dealers, improve public confidence by minimizing rent-seeking behavior, re-model exporters participation in the auction system or abandoning the auction system altogether.","PeriodicalId":328545,"journal":{"name":"Eurasian Journal of Economics and Finance","volume":"127 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135649058","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

Considerations regarding the Legal Aspects and Social Policy Issues related to Migration Phenomenon in the EU: The Case of Romania 关于欧盟移民现象的法律方面和社会政策问题的考虑:以罗马尼亚为例

Eurasian Journal of Economics and Finance Pub Date : 2023-01-01 DOI: 10.15604/ejef.2023.11.02.004

Andreea Elena Matic, Valentina Cornea, Ștefania Cristina Mirică, Florin Tudor

{"title":"Considerations regarding the Legal Aspects and Social Policy Issues related to Migration Phenomenon in the EU: The Case of Romania","authors":"Andreea Elena Matic, Valentina Cornea, Ștefania Cristina Mirică, Florin Tudor","doi":"10.15604/ejef.2023.11.02.004","DOIUrl":"https://doi.org/10.15604/ejef.2023.11.02.004","url":null,"abstract":"In this paper, we aim to analyze some of the most recent measures taken at the level of the European Union for the protection of migrants. More specifically, we intend to reveal and analyze the new EU legal provisions regarding the conditions for obtaining the Blue Card and how these provisions were integrated into Romanian legislation. In order to achieve this goal, we first describe and analyze the general legal frame and the content of the prior provisions on this matter. We also examine if, during these reforms regarding the Blue Card, the process of integration is actually facilitated and how the national provisions of the Member States influence the obtaining of the mentioned document, which represents a legal form to get the right to live and work on a territory with all the rightful benefits. To provide material and moral support for the refugees, legal measures are constantly being taken at the Union level. In conclusion, we consider that even though the EU authorities are constantly trying to adjust the migrant labor legislation in order for it to be more permissive and efficient, the Union is still far from being inclusive enough. On the other hand, Romanian legislation also continuously adapts to new provisions, but the situation differs from those of other EU countries.","PeriodicalId":328545,"journal":{"name":"Eurasian Journal of Economics and Finance","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135649647","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

Work Capacity of Older Adults in Hong Kong 香港长者的工作能力

Eurasian Journal of Economics and Finance Pub Date : 2023-01-01 DOI: 10.15604/ejef.2023.11.02.002

Kwok Ho Chan, Michael Chi Man Ng

引用次数: 0

Profit Rate and Profit Persistence in the Norwegian Construction Industry – A Sector with Different Segments, Strong Competition and Many Small Companies 利润率和利润持续在挪威建筑业-一个部门有不同的部门，激烈的竞争和许多小公司

Eurasian Journal of Economics and Finance Pub Date : 2023-01-01 DOI: 10.15604/ejef.2023.11.02.001

Leiv Opstad, Robin Valenta

{"title":"Profit Rate and Profit Persistence in the Norwegian Construction Industry – A Sector with Different Segments, Strong Competition and Many Small Companies","authors":"Leiv Opstad, Robin Valenta","doi":"10.15604/ejef.2023.11.02.001","DOIUrl":"https://doi.org/10.15604/ejef.2023.11.02.001","url":null,"abstract":"There exist numerous published articles that examine the level of profit persistence across various industries. Such analyses prove highly valuable in acquiring a deeper understanding of the market. This paper investigates how important business-specific factors are for businesses involved in construction industry. This sector is characterized by its high capital intensity and sensitivity to economic cycles. To investigate its dynamics, researchers commonly employ the dynamic panel data approach along with the Generalized Method of Moments (GMM) estimator, a widely used econometric technique. The approach is to estimate to what degree firms can make a profit and outperform the market. We split the sample of Norwegian construction firms from 2006 to 2019 by three criteria: segment, size, and debt. With a comprehensive dataset encompassing information from over 40,000 companies spanning a period of 14 years, there exists a solid foundation for generating accurate estimates. The finding is that the degree of profit persistence (PoP) is considerable in this sector and especially among large companies. The longterm profit rate is around 6 percent. There was a noticeable decline in activity during the financial crisis. The building segment and highly indebted enterprises faced the greatest challenges during that period.","PeriodicalId":328545,"journal":{"name":"Eurasian Journal of Economics and Finance","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135649052","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

THE SEASONAL EFFECT ON THE CHINESE GOLD MARKET USING AN EMPIRICAL ANALYSIS OF THE SHANGHAI GOLD EXCHANGE 季节性对中国黄金市场的影响——基于上海黄金交易所的实证分析

Eurasian Journal of Economics and Finance Pub Date : 2020-07-20 DOI: 10.15604/ejef.2020.08.02.005

B. Xiao, Philippe Maillebuau

引用次数: 3

THE MIDDLE-INCOME TRAP FROM AN INTERNATIONAL OVERVIEW: A LOGIT PANEL DATA ANALYSIS 中等收入陷阱的国际视角:logit面板数据分析

Eurasian Journal of Economics and Finance Pub Date : 2020-03-01 DOI: 10.15604/ejef.2020.08.01.001

Augusto Ricardo Delgado Narro

{"title":"THE MIDDLE-INCOME TRAP FROM AN INTERNATIONAL OVERVIEW: A LOGIT PANEL DATA ANALYSIS","authors":"Augusto Ricardo Delgado Narro","doi":"10.15604/ejef.2020.08.01.001","DOIUrl":"https://doi.org/10.15604/ejef.2020.08.01.001","url":null,"abstract":"This paper analyzes the probabilities of economies to lie into the middle-income trap by using a Logit Panel Data model. We define the trap with more encompassing criteria: average GDPs per capita relative to the US one and GDP per capita growth rates for ten-year averages in both cases. To determine those probabilities, we include two different sets of covariates. Firstly, a set of covariates that might be influenced by policymakers, e.g., inflation, exports, and education. Secondly, another set of covariates that are independent of policymakers’ influence; a trend, a dummy for the international financial crisis, growth rates of world leader economies (US and China), growth rates of continental leader economies, and dummies by continents. We find that domestic variables are essentialto determine the probability of lying into the middle-income trap. Also, the independent covariates are significant. The trend shows that the trap is a stable equilibrium where economies tend to stay for a long time. A global economic crisis can push the countries out of the trap, but the impulse makes them back to lower-income stages. Our model also finds that regional linkages with surrounding economies are essential for middle-income economies Keywords: Middle-Income Trap, International Economics, Logit Models, Panel Data","PeriodicalId":328545,"journal":{"name":"Eurasian Journal of Economics and Finance","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132030009","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 IMPACT OF INCOME ON HOUSEHOLD EXPENDITURE ON DAIRY PRODUCTS: EVIDENCE FROM THE UNITED STATES DAIRY MARKET 收入对家庭乳制品支出的影响:来自美国乳制品市场的证据

Eurasian Journal of Economics and Finance Pub Date : 2020-03-01 DOI: 10.15604/ejef.2020.08.01.002

Rezgar Mohammed

引用次数: 0

TAX EVASION IN BOSNIA AND HERZEGOVINA: PERCEPTION FROM TAXPAYERS AND TAX INSPECTORS 波斯尼亚和黑塞哥维那的逃税行为:纳税人和税务检查员的看法

Eurasian Journal of Economics and Finance Pub Date : 2020-03-01 DOI: 10.15604/ejef.2020.08.01.003

Saudin Terzić, Miro Džakula, Elvir Muminović

引用次数: 0

WHETHER THE ECONOMIC GROWTH OF INDIA IS TRADE OPENNESS LED? 印度的经济增长是否以贸易开放为主导?

Eurasian Journal of Economics and Finance Pub Date : 2020-03-01 DOI: 10.15604/ejef.2020.08.01.004

Iti Vyas

引用次数: 0

PUBLIC-PRIVATE WAGE GAP: THE EFFORT OF THE PRIVATE SECTOR TO ATTRACT, MOTIVATE AND RETAIN QUALIFIED STAFF IN KOSOVO 公私工资差距:私营部门在科索沃吸引、激励和留住合格工作人员的努力

Eurasian Journal of Economics and Finance Pub Date : 2018-09-01 DOI: 10.15604/ejef.2018.06.03.005

Ajtene Avdullahi, Qazim Tmava

引用次数: 1