Asian Journal of Economics and Empirical Research最新文献_第3页

Examining the Impact of Movements of the Commodity Price on the Value of the Baltic Dry Index during Covid19 Pandemic 研究2019冠状病毒病大流行期间商品价格变动对波罗的海干散货运价指数的影响

Asian Journal of Economics and Empirical Research Pub Date : 2021-09-22 DOI: 10.20448/journal.501.2021.82.67.72

Nikola Radivojević, Almir Muhović, M. Joksimović, Miroslav Pimić

{"title":"Examining the Impact of Movements of the Commodity Price on the Value of the Baltic Dry Index during Covid19 Pandemic","authors":"Nikola Radivojević, Almir Muhović, M. Joksimović, Miroslav Pimić","doi":"10.20448/journal.501.2021.82.67.72","DOIUrl":"https://doi.org/10.20448/journal.501.2021.82.67.72","url":null,"abstract":"The Baltic Dry Index (BDI) is one of the most well-known indices, as it is perceived as a leading indicator of economic activity. Reductions in the movement of people, commodities, and capital in the conditions of economic crises, such as the one in 2008 and 2009, as well as the current economic crisis generated by the COVID-19 pandemic, were affected by the reduction of economic activities. It is interesting to point out that the analysis of the basic trend of the BDI movements in the period before the economic crisis shows that the index fell to near record lows just before the derivatives and credit crisis hit stocks full force. This is a clear signal that the index can be used as a tool for stock market forecasting. The paper aims to examine whether the changes in these raw materials affect the changes in the value of BDI. For these purposes in the paper was use GMM and 2SLS estimator. The results show that different raw materials have a different impact on the value of the BDI, which indicates that based on individual movements value of raw materials which composes the BDI cannot forecast its movement.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129033781","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: 2

Analysis of the Effect of Private Healthcare Financing on Poverty in Nigeria: Evidence from Edo State 尼日利亚私营医疗融资对贫困的影响分析:来自埃多州的证据

Asian Journal of Economics and Empirical Research Pub Date : 2021-09-22 DOI: 10.20448/journal.501.2021.82.73.80

O. O, Abubakar M. Idris

{"title":"Analysis of the Effect of Private Healthcare Financing on Poverty in Nigeria: Evidence from Edo State","authors":"O. O, Abubakar M. Idris","doi":"10.20448/journal.501.2021.82.73.80","DOIUrl":"https://doi.org/10.20448/journal.501.2021.82.73.80","url":null,"abstract":"Poverty is one of the problems that challenge economies in Africa. Though it is a complex phenomenon which requires efforts by different experts to reduce or eliminate, conventional wisdom posits that “health is wealth”. Health status is a component of human capital development which plays a fundamental role in the poverty and well-being of individuals and national economies. Paradoxically the cost of accessing quality healthcare is an important contributor to income poverty among low income households. Thus adequate healthcare financing mechanisms (public and private) are required to attain quality health outcomes. This study therefore investigates the adequacy or otherwise of the current means of private health care financing in Edo state of Nigeria and it employed the survey method and multinomial logistic regression technique. Results revealed that the dominant means of private health care financing in Edo state is “out of pocket” payments which has negative effect on the income of households. It therefore recommends the introduction of a more effective collective healthcare financing mechanism to mitigate the financial burden associated with out-of-pocket spending. Also funding should be provided for research and development of locally manufactured drugs with high local content to enhance the availability and affordability of effective drugs.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124514818","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

Causes of Current Account Fluctuations in West African Monetary Union 西非货币联盟经常账户波动的原因

Asian Journal of Economics and Empirical Research Pub Date : 2020-03-24 DOI: 10.20448/journal.501.2020.71.46.63

Amadou Woury Diallo

{"title":"Causes of Current Account Fluctuations in West African Monetary Union","authors":"Amadou Woury Diallo","doi":"10.20448/journal.501.2020.71.46.63","DOIUrl":"https://doi.org/10.20448/journal.501.2020.71.46.63","url":null,"abstract":"This study analyzes the sources of current account fluctuations in the West African Monetary Union (WAEMU) economies over the period from 1980 to 2017. It is part of the inter-temporal approach which considers that the dynamics of the current account of a country is influenced by global shocks and transient or permanent domestic shocks. Thus, we developed a three-variable structural autoregressive vector model. This is the international real interest rate that represents the aggregate shock, the ratio of current account to gross domestic product which is the proxy for transient domestic shocks, and the ratio of net output to gross domestic product to measure impact of permanent shocks to the current account. From the theoretical model, structural shocks are identified by applying the long-term restrictions imposed by the inter-temporal approach in the analysis of current account dynamics. The study leads to three major results: 1) current account fluctuations within WAEMU are explained by transient domestic shocks, 2) net product fluctuations are due to permanent domestic shocks, 3) Global or exogenous shocks have a modest contribution to current account fluctuations, but their effects on net income are still significant, especially in the long run.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129649772","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

Demand for Imports and Components of Final Expenditure: An Empirical Study with Special Reference to the Korean Import Demand Function 进口需求与最终支出构成:基于韩国进口需求函数的实证研究

Asian Journal of Economics and Empirical Research Pub Date : 2019-04-10 DOI: 10.20448/JOURNAL

H. Seddighi, II-Hyun Yoon

{"title":"Demand for Imports and Components of Final Expenditure: An Empirical Study with Special Reference to the Korean Import Demand Function","authors":"H. Seddighi, II-Hyun Yoon","doi":"10.20448/JOURNAL","DOIUrl":"https://doi.org/10.20448/JOURNAL","url":null,"abstract":"This paper aims to examine the long-term association between Korea’s demand for imports and its key determinants covering the post Korea’s financial crisis period of reformed economic environment. In this respect, it provides fresh estimates of partial elasticities of demand, for imports in regard to each key component of final expenditure. A Johansen multivariate co-integration analysis is employed on the post-crisis quarterly macroeconomic data, such as final consumption of private sector, gross fixed capital formation, final consumption of government, exports, and relative import prices covering the sample period 2000-2017. Significant differences are found between the long-run elasticities of import demand as regards each key component of final expenditure. In particular, import elasticity of demand regarding expenditure on fixed capital formation is found to highly elastic and negative, implying that this type of expenditure provides an effective mechanism for reducing aggregate imports in Korea in the long run. These findings appear to have significant implications for the Korean economic policies as well as for trading policies of Korea’s key international trading partners. A by-product of this investigation is an error correction short-run forecasting model for Korea’s aggregate imports. We have found that this model appears to be performing well out of the sample period.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117083512","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

Housing Consumption of the “Soon-to-Retire” in Hong Kong: A Cross-Sectional Regression Analysis 香港“即将退休”人士的房屋消费:横断面回归分析

Asian Journal of Economics and Empirical Research Pub Date : 2019-04-08 DOI: 10.20448/journal.501.2019.61.76.84

W. M. Jayantha, L. H. U. W. Abeydeera

{"title":"Housing Consumption of the “Soon-to-Retire” in Hong Kong: A Cross-Sectional Regression Analysis","authors":"W. M. Jayantha, L. H. U. W. Abeydeera","doi":"10.20448/journal.501.2019.61.76.84","DOIUrl":"https://doi.org/10.20448/journal.501.2019.61.76.84","url":null,"abstract":"Availability and quality of housing have long been serious problems in Hong Kong over the years. It is now apparent that the rapidly increasing aging population (those over 65 years) seems to make the housing issue an even more serious one. As the demographic and social structures of the society continue to evolve, government’s housing policy should be reviewed and revised from time to time, accordingly, in order to satisfy the changing needs of the society. The main objective of this study is to explore the significant determinants of housing consumption of the ‘soon-to-retire’ group and suggest an explanation for their underlying dynamics. The present study adds knowledge to the housing literature in several ways: (a) this is the first comprehensive study in Hong Kong to explore critical determinants of housing consumption behavior of this group; and (b) a new variable, health status (effect of health) was introduced to the housing consumption model. Based on a sample survey data, a cross-sectional regression model is employed to identify significant determinants that influence housing consumption of this group. Empirical results reveal that housing consumption of this group is influenced not only by market and demographic factors but also by the health status of the household. Heath status of the household, of this age group is very important as this group is nearing their retirement. The empirical results further reveal that average household size and housing tenure as significant determinants of housing consumption of this study group. By introducing this new factor, we attempt to broaden our knowledge about the housing consumption of this less explored aspect of the housing market.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115842569","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

A Comparative Analysis Based on Economic Factors of Students Emigration from South Asia 基于经济因素的南亚学生移民比较分析

Asian Journal of Economics and Empirical Research Pub Date : 2018-12-24 DOI: 10.20448/journal.501.2018.52.201.208

Yasir Khan, Taimoor Hassan, Wang Yi, Rahimullah Gulzar

{"title":"A Comparative Analysis Based on Economic Factors of Students Emigration from South Asia","authors":"Yasir Khan, Taimoor Hassan, Wang Yi, Rahimullah Gulzar","doi":"10.20448/journal.501.2018.52.201.208","DOIUrl":"https://doi.org/10.20448/journal.501.2018.52.201.208","url":null,"abstract":"Economic instability and higher unemployment significantly increased the number of students migration from all over the world, particularly South Asian countries in the last decade. Growing number of international student migration to abroad for higher education and search for better economic opportunity. This study will determine the economic impact of students’ emigration from South Asian countries particularly Pakistan, India, and Bangladesh. A comparative analysis of the three border sharing countries have shown the long-term economic and political instability and a result of an economic and financial collapse in 2008, and also discuss how such an environment has affected student emigration from South Asia. This study is quantitative research using questioners as a tool to collect primary data, from the large sample size of 300 South Asian students studying in Chinses universities in China. This research work is based on two factors, 1) the deterioration of economic factors in Pakistan, India, and Bangladesh have changed the students’ perception to migrate abroad; 2) the study also reflected that majority of Pakistani, Indian and Bangladeshi students want to stay in the host country. The findings indicated that all the related variables have significantly positive, economic instability, higher unemployment, lower salary, political instability, and lower quality education system. The logit-probit regression models with these variables could predict the higher value of the variance in the overall student migration to abroad. Findings are relevant for academic institutions and government agencies interested in international education, student migration behavior, comparative data as well as strategic policies.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"5 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126088220","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: 3

How the GCC Economic Crises Effect Labor Migration: Evidence from Pakistan 海湾合作委员会经济危机如何影响劳动力迁移:来自巴基斯坦的证据

Asian Journal of Economics and Empirical Research Pub Date : 2018-12-07 DOI: 10.20448/JOURNAL.501.2018.52.139.146

Yasir Khan, W. Ming-yi

{"title":"How the GCC Economic Crises Effect Labor Migration: Evidence from Pakistan","authors":"Yasir Khan, W. Ming-yi","doi":"10.20448/JOURNAL.501.2018.52.139.146","DOIUrl":"https://doi.org/10.20448/JOURNAL.501.2018.52.139.146","url":null,"abstract":"Migrant workers have participated in promoting economic growth and prosperity and the generation of wealth in countries of destination. The Gulf Cooperation Council (GCC) which is comprised of six countries such as Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, and Oman have been historically and traditionally job market for Pakistani workers. Labor migration and its relationship to economic growth and employment have received increasing attention because of increasing demand for labor, higher salaries, economic and political stability. Using a case study, we focus on the impact and relationship of labor migration with macroeconomic indicators such as Gross Domestic Product (GDP), unemployment, and inflation rate. Limited employment opportunities, the weak economy, and political instability are the factors leading labor migration from Pakistan. Consequently, the government of Pakistan considered labor migration primarily as an employment sector and encourage labor migration to solve economic problems in the country. We analyze the impact of labor migration on (GDP), Inflation rate and unemployment in Pakistan with the help of time series data from 1971-2016. The result to have showed a positive and significant relationship between labor migration and GDP, while a negative but significant relationship with unemployment. On the other hand, there is no relationship between labor migration and inflation rate. we found that the GCC economic crises actually caused significant influence on labor migration in the case of Pakistan.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127366757","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: 5

An Analysis of the Behaviour of Prime Lending Rates in Sri Lanka 斯里兰卡优惠贷款利率行为分析

Asian Journal of Economics and Empirical Research Pub Date : 2018-12-05 DOI: 10.20448/JOURNAL.501.2018.52.121.138

W. Perera

引用次数: 3

Factors Affecting the Bank Credit Accessibility of Rural Households in Vietnam 影响越南农村家庭获得银行信贷的因素

Asian Journal of Economics and Empirical Research Pub Date : 1900-01-01 DOI: 10.20448/journal.501.2019.61.59.69

T. L. Giang, Ho Thi Thuy Hang

引用次数: 1

Financial Inclusion and Health Shocks: A Panel Data Analysis of 36 African Countries 金融包容性和健康冲击:36个非洲国家的小组数据分析

Asian Journal of Economics and Empirical Research Pub Date : 1900-01-01 DOI: 10.20448/journal.501.2019.61.45.51

Oladayo Timothy Popoola

引用次数: 6