Theoretical and Practical Research in the Economic Fields最新文献_第2页

Autoregressive Distributed Lag Approach for Estimating the Nexus between Net Asset Value of Mutual Fund and Economic Determinants in India 估计印度共同基金净资产价值与经济决定因素关系的自回归分布滞后方法

Theoretical and Practical Research in the Economic Fields Pub Date : 2023-06-26 DOI: 10.14505/tpref.v14.1(27).15

Sathish Pachiyappan, Ankita Shrivastava, V. J. P. Raj, Saravanan Vellaiyan

{"title":"Autoregressive Distributed Lag Approach for Estimating the Nexus between Net Asset Value of Mutual Fund and Economic Determinants in India","authors":"Sathish Pachiyappan, Ankita Shrivastava, V. J. P. Raj, Saravanan Vellaiyan","doi":"10.14505/tpref.v14.1(27).15","DOIUrl":"https://doi.org/10.14505/tpref.v14.1(27).15","url":null,"abstract":"India has seen a phenomenal growth in cumulative mutual fund investment from Rs 7.93 trillion in 2012 to Rs 40.38 trillion in 2022, which is more than a five-fold increase since last 10 years. Retail investors are now realizing the power of savings and Systematic Investment Plans (SIP) to build long term wealth. A financial literacy wave which is sweeping across India has projected mutual funds as a significant contributor and beneficiary of this phenomenon. The evolving economic landscape of India provides investors with excellent opportunities to capitalize on these fluctuations through systematic investment in safe investment vehicles like mutual funds. The market associated with mutual funds is always subjected to economic risks. The erratic fluctuations in macroeconomic variables can largely explain the Volatility in Net Asset Value (NAV) of equity oriented mutual fund schemes. With this background, this paper examines the impact of select macroeconomic variables on mutual funds’ performance in India. To analyse this, monthly observations of select macroeconomic variables, average NAV of large cap, mid cap, and small cap funds collected for a period of 10 years starting from January 2013 to November 2022. Descriptive statistics is used to probe the characteristics of the variable. In addition, correlation and ordinary least square method is applied to check the existing relationship and impact level of macroeconomic factors on NAV of select schemes. Lastly, short and long run relationship is analysed using Autoregressive Distributed Lag Model (ARDL).","PeriodicalId":362173,"journal":{"name":"Theoretical and Practical Research in the Economic Fields","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122159330","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

An Economic Theory of Disinformation 虚假信息的经济学理论

Theoretical and Practical Research in the Economic Fields Pub Date : 2023-06-26 DOI: 10.14505/tpref.v14.1(27).02

Taiji Harashima

引用次数: 0

Divine Development: The Impact of Religion on Madagascar’s Growth 神圣的发展:宗教对马达加斯加成长的影响

Theoretical and Practical Research in the Economic Fields Pub Date : 2023-06-26 DOI: 10.14505/tpref.v14.1(27).03

R. J. Andrianady

引用次数: 0

INFORMAL SECTOR AND INSTITUTIONS 非正式部门和机构

Theoretical and Practical Research in the Economic Fields Pub Date : 2022-12-31 DOI: 10.14505/tpref.v13.2(26).07

Muhammed Yusuf Özer

引用次数: 0

MACROECONOMIC DYNAMICS AND THE ROLE OF MARKET POWER. THE CASE OF ITALY 宏观经济动态和市场力量的作用。意大利的例子

Theoretical and Practical Research in the Economic Fields Pub Date : 2022-12-31 DOI: 10.14505/tpref.v13.2(26).03

Jasmine Mondolo

{"title":"MACROECONOMIC DYNAMICS AND THE ROLE OF MARKET POWER. THE CASE OF ITALY","authors":"Jasmine Mondolo","doi":"10.14505/tpref.v13.2(26).03","DOIUrl":"https://doi.org/10.14505/tpref.v13.2(26).03","url":null,"abstract":"In recent years, the US and other advanced countries have experienced macroeconomic dynamics which raise some concerns and which, according to the literature, are at least partly attributable to a rise in product market power. This study mainly aims to understand how Italy performs in terms of five relevant economic variables (i.e., domestic investment rate, labour share, labour force participation, wage inequality and economic dynamism), and whether firms’ markups are on the rise. The picture that emerges is mixed, and the negative performance in terms of business dynamism and wage dispersion may be ascribable to an increase in product market power. The firm-level analysis of the Italian manufacturing sector for the years 2011-2018, which complements previous empirical analysis on product market power in this country and accounts for labour market power as well, reveals an increment in the average markup which, however, is not particularly pronounced and unsettling, and which is preceded by a period of steady decline. Moreover, this trend is accompanied by a more remarkable increase in the workers’ labour market power, which helps explain the modest growth in the revenue-based labour share observed during the same period.","PeriodicalId":362173,"journal":{"name":"Theoretical and Practical Research in the Economic Fields","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128872595","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 EUROPEAN MONETARY INTEGRATION TRAP: INCOMPLETE SOVEREIGNTY AND THE STATE-MIMICKING METHOD 欧洲货币一体化陷阱:不完全主权与国家模仿方法

Theoretical and Practical Research in the Economic Fields Pub Date : 2022-12-31 DOI: 10.14505/tpref.v13.2(26).06

Nazaré da Costa Cabral

引用次数: 0

D. E. WATT’S REPLY FOR KEYNES TO RAMSEY IN THE BRITISH JOURNAL FOR THE PHILOSOPHY OF SCIENCE IN 1989 IS DEFECTIVE 瓦特1989年在《英国科学哲学杂志》上对凯恩斯对拉姆齐的回答是有缺陷的

Theoretical and Practical Research in the Economic Fields Pub Date : 2022-12-31 DOI: 10.14505/tpref.v13.2(26).01

M. E. Brady

{"title":"D. E. WATT’S REPLY FOR KEYNES TO RAMSEY IN THE BRITISH JOURNAL FOR THE PHILOSOPHY OF SCIENCE IN 1989 IS DEFECTIVE","authors":"M. E. Brady","doi":"10.14505/tpref.v13.2(26).01","DOIUrl":"https://doi.org/10.14505/tpref.v13.2(26).01","url":null,"abstract":"D. E. Watt replied to Ramsey’s attacks on Keynes’s Logical Theory of, as originally contained in Keynes’s A Treatise on Probability, in the January 1922 issue of Cambridge Magazine, in the republished British Journal for the Philosophy of Science version.Watt overlooks that all 15 of Ramsey’s paragraphs in the original Cambridge Magazine version of the paper are erroneous. Watt concentrates only on the issue of numerical versus non numerical probabilities that was raised by Ramsey. Watt is correct in his assessment that Keynes was right and Ramsey was wrong, but gives probability answers that would not have been given by Keynes, or Keynes and Russell. Watt overlooks the errors contained in each paragraph of Ramsey’s review.Keynes’s main point on the issue of numerical versus non numerical probabilities is that many probabilities, especially initial or a priori probabilities, will have to be specified by interval probability. Keynes’s Principle of Indifference (POI) has nothing to do with this issue, due to Ramsey’s inchoate and erroneous understanding of the conditions Keynes laid out in the A Treatise on Probability for the sound application of the POI, as enunciated by Keynes on pp.52-56, and not on p.42, which is the Laplace -Bernoulli version of the POI. Sound applications of the Keynesian POI require that the alternatives must be a) discrete, b) indivisible, c) finite, d) represented by conditional probability, e) perfectly symmetrical, and f) based on the available, positive evidence. This, of course, rules out any application to states of equally balanced ignorance (no positive information). Of course, there will be only one answer that can be calculated by all rational decision makers. The obvious example is the first Ellsberg urn problem, which is nearly identical to the problem used by Keynes as an example on pp.75-76 of his A Treatise on Probability.","PeriodicalId":362173,"journal":{"name":"Theoretical and Practical Research in the Economic Fields","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126942014","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

CREDIT LIBERALIZATION REFORM: A SIMPLE MODEL 信贷自由化改革:一个简单的模式

Theoretical and Practical Research in the Economic Fields Pub Date : 2022-12-31 DOI: 10.14505/tpref.v13.2(26).05

Aleksandar Vasilev

引用次数: 0

RUSSIA. THE BACKGROUND OF THE RUSSIAN INVASION OF UKRAINE 俄罗斯。俄罗斯入侵乌克兰的背景

Theoretical and Practical Research in the Economic Fields Pub Date : 2022-12-31 DOI: 10.14505/tpref.v13.2(26).02

Hardy Hanappi

引用次数: 2

Analysis of Environmental Degradation and Its Determinants in Nigeria: New Evidence from ARDL and Causality Approaches 尼日利亚环境退化及其决定因素分析:来自ARDL和因果关系方法的新证据

Theoretical and Practical Research in the Economic Fields Pub Date : 2022-06-30 DOI: 10.14505/tpref.v13.1(25).05

Wasiu Adekunle, B. Omo-Ikirodah, Olutosin Collins, Andrew Adeniyi, A. Bagudo, Risikat O. Mosobalaje, Safiyyah Oladepo

{"title":"Analysis of Environmental Degradation and Its Determinants in Nigeria: New Evidence from ARDL and Causality Approaches","authors":"Wasiu Adekunle, B. Omo-Ikirodah, Olutosin Collins, Andrew Adeniyi, A. Bagudo, Risikat O. Mosobalaje, Safiyyah Oladepo","doi":"10.14505/tpref.v13.1(25).05","DOIUrl":"https://doi.org/10.14505/tpref.v13.1(25).05","url":null,"abstract":"This paper extends the previous studies to re-examine the functional relations and causal links between environmental degradation and its possible determinants in Nigeria, covering 1977 to 2015. With the aid of ARDL model estimation, the study found a positive relationship between economic growth and environmental degradation (measured by carbon emission). A positive relation was also established between energy consumption and carbon emission. Similarly, this study reported a positive relationship between transport services in the import and export sectors and carbon emission. Through the Granger causality test, the study established a unidirectional causality running from carbon emission to economic growth. Similarly, there was a unidirectional causality running from economic growth to transport services in the export sector. Based on these findings, there is an increasing need for the authorities to regulate economic activities that directly and indirectly contribute to systematic environmental degradation in Nigeria.","PeriodicalId":362173,"journal":{"name":"Theoretical and Practical Research in the Economic Fields","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128667055","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