Asian Journal of Economics and Empirical Research最新文献

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Revisiting the Exports and Economic Growth Nexus: Rolling Window Cointegration and Causality Evidence from Cote d’Ivoire, Malaysia, Pakistan and South Africa 重新审视出口与经济增长的关系:来自科特迪瓦、马来西亚、巴基斯坦和南非的滚动窗口协整和因果关系证据
Asian Journal of Economics and Empirical Research Pub Date : 1900-01-01 DOI: 10.20448/journal.501.2019.61.27.35
Y. Keho
{"title":"Revisiting the Exports and Economic Growth Nexus: Rolling Window Cointegration and Causality Evidence from Cote d’Ivoire, Malaysia, Pakistan and South Africa","authors":"Y. Keho","doi":"10.20448/journal.501.2019.61.27.35","DOIUrl":"https://doi.org/10.20448/journal.501.2019.61.27.35","url":null,"abstract":"This paper reexamines the relationship between exports and economic growth in Cote d’Ivoire, Malaysia, Pakistan and South Africa using time-varying cointegration and causality tests. The cointegration results suggest that exports, investment in physical capital and GDP move together in the long-run in the four countries. Furthermore, the full sample Granger causality tests support the export-led growth hypothesis for Malaysia and Pakistan, and the growth-led exports hypothesis for South Africa. However, the rolling window cointegration and causality tests show that the long-run and also the causal relationships between exports and GDP are time-varying. For most time periods we do not find any causal relationship between exports and GDP. There are, however, sub-periods during which unidirectional or bidirectional causal relations were found. Therefore, export-promoting strategies are not always effective tools to stimulate economic growth.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126606840","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: 4
Analysis of Domestic versus Foreign Banks Efficiency in Pakistan 巴基斯坦内外资银行效率分析
Asian Journal of Economics and Empirical Research Pub Date : 1900-01-01 DOI: 10.20448/JOURNAL.501.2019.61.36.44
M. Afzal, Shelah Ejaz, Shoaib Ahmad
{"title":"Analysis of Domestic versus Foreign Banks Efficiency in Pakistan","authors":"M. Afzal, Shelah Ejaz, Shoaib Ahmad","doi":"10.20448/JOURNAL.501.2019.61.36.44","DOIUrl":"https://doi.org/10.20448/JOURNAL.501.2019.61.36.44","url":null,"abstract":"Banking sector reforms were introduced in 1972 in the light of many contemporary issues observed in the banking industry. The nationalization of banks in 1974 improved the financial ӏ sector in many ways. The efficiency of the sector was compromised due to political ӏ influence; over-branching and overstaffing that affected the banking industry. In 1990s many reforms were made in the banking sector to address the problems that existed in the nationalized banking system. The public sector’s ownership of commercial banks had created lot of problems (political intervention in credit allocation, loan recovery and deterioration in services quality). This study evaluated the efficiency of domestic and foreign banks for the period 2010-2016. DEA was used to explore the scale, technical, pure technical and scale efficiency of the domestic and foreign banks. The ӏ east efficient banks are Bank Alfalah, Nationa ӏ Bank, Askari Bank and Standard chartered in terms of scale efficiency. Technical ӏ efficiency scores demonstrate that A ӏӏ ied Bank, Askari bank, National ӏ Bank, Standard Chartered Bank and Bank Alfalah did not perform efficiently whereas other banks of the sample did well. Pure technical ӏ efficiency scores under both orientations reveal that in 2010 and 2015, a ӏӏ banks showed a perfect pure technical ӏ efficiency score of 1.00. Both domestic and foreign banks performance is mixed. Domestic banks are not less efficient in terms of all efficiencies than foreign banks. Both banks need attention to managerial ӏ aspects and efficient utilization of technology in their operations. Sound macroeconomic policies may also help in improving the efficiency of banks.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127722854","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: 4
Globalization and Income Inequality in Mexico, Indonesia, Nigeria, and Turkey: A Dynamic GMM Approach 墨西哥、印度尼西亚、尼日利亚和土耳其的全球化与收入不平等:动态GMM方法
Asian Journal of Economics and Empirical Research Pub Date : 1900-01-01 DOI: 10.20448/journal.501.2020.71.91.104
T. Osinubi, P. A. Olomola
{"title":"Globalization and Income Inequality in Mexico, Indonesia, Nigeria, and Turkey: A Dynamic GMM Approach","authors":"T. Osinubi, P. A. Olomola","doi":"10.20448/journal.501.2020.71.91.104","DOIUrl":"https://doi.org/10.20448/journal.501.2020.71.91.104","url":null,"abstract":"This study examines the effect of globalisation on income inequality in Mexico, Indonesia, Nigeria, and Turkey between 1980 and 2018, using economic, social, political, and overall globalisation as proposed by Dreher., Gaston, and Martens (2008). The study employs a dynamic Generalised Method of Moments. Results show that economic globalisation significantly increases income inequality in Mexico and Turkey, but insignificantly reduces inequality in Indonesia and Nigeria. For social globalisation, inequality responds positively to it in all the MINT countries, except in Turkey. Political globalisation adds to income inequality in Mexico, but reduces inequality in Nigeria and Turkey. In Indonesia, political globalisation exerts insignificant positive effect on inequality. Overall globalisation increases income inequality in all the MINT countries, except in Indonesia. The study, therefore, concludes that the various dimensions of globalisation and overall globalisation are key drivers of income inequality in each of the MINT countries, except in some few cases.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"590 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132858869","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: 8
The Impact of Research and Development (R&D) Expenditure on Productivity Growth: A Panel Data Evidence from the UK Manufacturing Sector 研发支出对生产率增长的影响:来自英国制造业的面板数据证据
Asian Journal of Economics and Empirical Research Pub Date : 1900-01-01 DOI: 10.20448/journal.501.2019.62.205.215
Sixtus Cyprian Onyekwere
{"title":"The Impact of Research and Development (R&D) Expenditure on Productivity Growth: A Panel Data Evidence from the UK Manufacturing Sector","authors":"Sixtus Cyprian Onyekwere","doi":"10.20448/journal.501.2019.62.205.215","DOIUrl":"https://doi.org/10.20448/journal.501.2019.62.205.215","url":null,"abstract":"This study focuses on the impact of Research and Development (R&D) expenditure on productivity growth for a panel of 13 UK manufacturing industries, using dataset from 1997 to 2014. The paper used the extended Cobb-Douglas production function, where R&D expenditure is included as one of the factor inputs, just like labour and capital. The study employs the fixed effects method for the panel data analysis and found R&D coefficient of 0.07, significant at 1%. The finding implies that, consistent with previous papers done for the UK manufacturing sector, R&D expenditure still has a positive relationship with productivity growth at panel industry level. However, the estimate 0.07 lends support to the argument of small coefficient for R&D, unlike other papers arguing for higher coefficient. Thus, we align with the argument that R&D has a small positive impact on productivity growth. Theoretical implication of this finding is that technological advancement which contributes to productivity growth is not exogenous; it can be determined by R&D decisions in firms and in industries. Thus, policy recommendation of this research is for the UK government to provide incentives to increase innovation in the UK manufacturing industries by increasing research grants and subsidies given to firms. Finaly, evidence from the result of this paper has shown that firms who wish to increase labour productivity should include R&D investment as one of their strategies.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"312 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121831694","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
Fiscal Policy and Growth of Real Economic Activities in Nigeria (1980-2016) 尼日利亚财政政策与实体经济活动增长(1980-2016)
Asian Journal of Economics and Empirical Research Pub Date : 1900-01-01 DOI: 10.20448/journal.501.2019.62.108.112
Gbadebo Salako, Olusola Joel Oyeleke
{"title":"Fiscal Policy and Growth of Real Economic Activities in Nigeria (1980-2016)","authors":"Gbadebo Salako, Olusola Joel Oyeleke","doi":"10.20448/journal.501.2019.62.108.112","DOIUrl":"https://doi.org/10.20448/journal.501.2019.62.108.112","url":null,"abstract":"Several empirical studies have investigated the effect of fiscal policy on various macroeconomic variables such as inflation, debts, interest rates, unemployment and growth (GDP) for diverse economies, using variant methods. This paper examined the influence of fiscal policy on growth of real economic activities in Nigeria from 1980-2016, using 2010 as base year to adjust for price level. Secondary data sourced from Central Bank of Nigeria (CBN) (2016) were analysed. After verifying the stationarity property of the variables, Johansen cointegration test result revealed evidence of long run relationship among public revenues, expenditure, real GDP and inflation. The results from Vector Error Correction Method (VECM) showed that government expenditure positively and significantly impacted real economic activities’ growth, but converse was the effect of public revenues on RGDP. The results, therefore, imply that government should cut tax to increase disposable income which has aptitude to enhance real aggregate production in Nigeria.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129823536","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 Provision of Long-Term Credit and Firm Growth in Developing Countries 发展中国家长期信贷的提供与企业成长
Asian Journal of Economics and Empirical Research Pub Date : 1900-01-01 DOI: 10.20448/journal.501.2020.72.224.234
Jennifer C. Watson
{"title":"The Provision of Long-Term Credit and Firm Growth in Developing Countries","authors":"Jennifer C. Watson","doi":"10.20448/journal.501.2020.72.224.234","DOIUrl":"https://doi.org/10.20448/journal.501.2020.72.224.234","url":null,"abstract":"This study evaluates the impact of the provision of long-term credit (LTC) on the growth of small and young firms in developing countries. The growth of firms is evaluated on the basis of employment growth and total sales. Credit provisions have also been collected from the shortand LTC extended to the private sector. This study uses data on firm levels from more than 19000 firms in 52 countries between 2006–2016. In order to avoid the endogeneity issues that usually occur in such studies, this study has implemented a cross-country model to evaluate the significance of total bank credit, both longand short-term, on the growth of sales and employment. The econometric results indicate that the availability of short-term credit (STC) is more beneficial for the growth of the firms, i.e. STC was found to have a significant impact on employment growth and sales in small and young firms. Although positive, LTC seemed to have no significance in the growth of the small and young firms. This study suggests that the prime reason behind these results is the availability of long-term loans for small and young firms.","PeriodicalId":360581,"journal":{"name":"Asian Journal of Economics and Empirical Research","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127753114","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
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