Indian Journal of Economics and Finance最新文献

{"title":"Fiscal Consolidation: The Indian Experience","authors":"D. S. Yadav","doi":"10.54105/ijef.c2517.051322","DOIUrl":"https://doi.org/10.54105/ijef.c2517.051322","url":null,"abstract":"Fiscal consolidation methods have always been under lens since their origin with newer and more stringent way of monitoring them. Still the elected policymakers tend to find a way to manage them so as to not to lose the externality benefits of higher fiscal deficits in term of electoral gains. This paper analyses the fiscal adjustment programme adopted by the central government of India since the inception of FRBM act 2003. A comparison of the consequences of fiscal adjustment on public finance under discretionary phase of economic reforms with the initial rule phase has also been discussed in this paper. Analysis indicates that fiscal reforms has led to consolidation of public finances in India but some crucial challenges remain i) setting up of Fiscal Council ii) not to use creative accounting to maneuver accounts to meet the fiscal targets iii) implementing countercyclical fiscal policy in totality and iv) starting a countercyclical fund. JEL Classification: E 62, E 60","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"20 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130837807","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":"Role of Financial Managers in Post Corona Business","authors":"H. Saremi","doi":"10.54105/ijef.c2510.051322","DOIUrl":"https://doi.org/10.54105/ijef.c2510.051322","url":null,"abstract":"The phenomenon of the financial crisis is an issue that itself is the consequence and effect of the economic misconduct of the world's monetary powers is along with a severe recession in stock markets, oil prices falling, declining industrial production, the bankruptcy of banks and large industrial enterprises, and finally, in a word, it is accompanied by a sharp decline in economic growth and ultimately economic instability, in a word, a Severe decline sharp decline in wealth and unemployment, and intense decline in Economic growth and, ultimately, economic instability. A clear example of this damage and turmoil can be seen in the crisis caused by the outbreak of the Coronavirus, which has caused severe damage to the global economy and business .Meanwhile, companies and institutions became convinced of the importance of finance and its efficient management. There is no doubt that the success and recovery from this crisis of all businesses depend on the CFO and their key tasks. It becomes even more important in many small and large companies that do not have the ability to check their accounts and books and are unable to pay debts and settle and accounts, in addition to being one of the main needs of start-ups to continue his activity and life Rescue from the dire financial situation one after another has made the role of financial manager more prominent. As the emergence of financial crises caused by the coronavirus in general in the world has shifted all its attention and reliance on financial managers and their vital role the need to take measures to prevent and deal with the crisis by consultants and financial managers. As the of financial crises caused by the coronavirus the world in general, all the attention and reliance on financial managers and their vital role has become more prominent, the need for measures to prevent and deal with the crisis by financial advisers and managers he does. As the emergence of financial crises caused by the corona virus in general around the world has shifted all its attention and reliance on financial managers and their vital role. It necessitates the adoption of measures to prevent and deal with the crisis by financial advisers and managers. Therefore, considering this issue, the need to study the crisis and the role of financial managers in overcoming financial crises becomes more apparent. Therefore, in this review and library article, first a definition of financial crisis is presented and then the role of financial managers in post-corona business is studied and examined.","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127918069","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":"Causality Study of Trade and Economic Growth of Nepal","authors":"U. Ranamagar","doi":"10.54105/ijef.c2515.051322","DOIUrl":"https://doi.org/10.54105/ijef.c2515.051322","url":null,"abstract":"This paper investigates the impact of foreign trade on economic growth in Nepal. The objective of this study is to identify the causal relationship between the foreign trade and economic growth of Nepal. For this achieving the purpose, secondary data of 1975 to 2017 have been used, which are referenced from the Nepal Rastra Bank. The analysis methods has been used the Auto Regression Model and Granger-Causality Tests for achieved the results. The result of the study reveals that there is a significant relationship between the export and economic growth of Nepal. The result showed when export increases by 1 unit then GDP increases by 0.58 units in short run. It indicates that current GDP growth is also affected by past year’s export. Similarly, Granger causality test also shows that export trade caucused to economic growth (p=0.0071) and foreign loan also caucused to economic growth (p=0.0410). It shows that there is a unidirectional causality with economic growth in Nepal. Hence, this study suggests that the policy makers should focus on exportable products which have potential for larger scale productions within the country, and comparative advantage for export trade as well as economic growth in Nepal. Moreover, national economic policy should be focused on investment friendly environment and creating a trust for foreign loan in Nepal.","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123321903","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":"Generational Differences in Personal Finance Behaviour - A Insight into Investors in Kolkata","authors":"Risav Adhikari, Shiwangi Poddar","doi":"10.35940/ijef.b2505.111221","DOIUrl":"https://doi.org/10.35940/ijef.b2505.111221","url":null,"abstract":"Purpose - Similar experiences, values and beliefs shared among people of a generational cohort determines the choices that they make. This explains why people of the same generational cohort have distinct perceptions and tendencies towards investing. This paper focuses on generation differences in personal finance decisions. Objectives- The objective of the paper is to group the different personal finance variables into identifiable factors and to compare these personal finance factors across generations. Methodology - Data is collected through a primary survey with a structured questionnaire, among 140 respondents in Kolkata and Ranchi. Questions have been asked on personal finance behaviour, with their responses on a Likert scale. A Factor Analysis has been conducted on these questions to group them into different factors contributing to personal finance behaviour. These identified factors are also compared across generations. Findings - It was concluded that younger generations invest for the objective of keeping funds for emergency purposes, whereas older generations invest for their retirement needs. Younger generations usually invest for the short run, whereas older generations invest for the long run. Also, younger generations invest in easily accessible and popular investment avenues, whereas older invest in the most effective avenue. The items had clustered around six factors namely, Financial Planning, Use of Technology, Financial Independence, Financial Irresponsibility, Financial Openness and Use of Credit Cards. Originality- Behavioral differences across generations is an area that is studied across diverse topics and disciplines. However, very scarce studies have been conducted to assess generational differences in financial behaviour. Practical Implications- This paper attempts to bridge this gap by collecting financial data from respondents of all generations and making a comparison among them. This helps to understand the reasons for differences in investment behaviour of generations.","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130750220","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":"Generational Differences in Personal Finance Behaviour – A Insight into Investors in Kolkata","authors":"Risav Adhikari, Shiwangi Poddar","doi":"10.54105/ijef.b2505.111221","DOIUrl":"https://doi.org/10.54105/ijef.b2505.111221","url":null,"abstract":"Purpose – Similar experiences, values and beliefs shared among people of a generational cohort determines the choices that they make. This explains why people of the same generational cohort have distinct perceptions and tendencies towards investing. This paper focuses on generation differences in personal finance decisions. Objectives- The objective of the paper is to group the different personal finance variables into identifiable factors and to compare these personal finance factors across generations. Methodology – Data is collected through a primary survey with a structured questionnaire, among 140 respondents in Kolkata and Ranchi. Questions have been asked on personal finance behaviour, with their responses on a Likert scale. A Factor Analysis has been conducted on these questions to group them into different factors contributing to personal finance behaviour. These identified factors are also compared across generations. Findings – It was concluded that younger generations invest for the objective of keeping funds for emergency purposes, whereas older generations invest for their retirement needs. Younger generations usually invest for the short run, whereas older generations invest for the long run. Also, younger generations invest in easily accessible and popular investment avenues, whereas older invest in the most effective avenue. The items had clustered around six factors namely, Financial Planning, Use of Technology, Financial Independence, Financial Irresponsibility, Financial Openness and Use of Credit Cards. Originality- Behavioral differences across generations is an area that is studied across diverse topics and disciplines. However, very scarce studies have been conducted to assess generational differences in financial behaviour. Practical Implications- This paper attempts to bridge this gap by collecting financial data from respondents of all generations and making a comparison among them. This helps to understand the reasons for differences in investment behaviour of generations.","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114628472","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":"Economic Development of Rural India Through Establishment of Agri-Tech Park","authors":"Rayisha Rana, K. Rana, Gunjan Chhabra","doi":"10.35940/ijef.b2506.111221","DOIUrl":"https://doi.org/10.35940/ijef.b2506.111221","url":null,"abstract":"India has always been on the top spot in terms of tourism and has attracted domestic and foreign tourists throughout the year. India is the land of farmers, has a rich and diverse culture and is best known for its hospitality. Tourism has become a source of income for many people, therefore it’s time to connect tourism along with agriculture to enhance the income of Indian farmers. Indian farmers generally face a lot of issues related to their income; hence numerous suicide cases have been registered in the past. The objective of this research paper is to provide a solution for the farmers by introducing Agri- tourism Technology Park. Agri-tourism offers the domestic and foreign tourists an opportunity to connect with the heritage, providing a hands-on-experience, showcasing the rich biodiversity, local food products, handicrafts and culture. On the other hand, the amalgamation of technology can provide smooth and secure tourism experience for the visitors. This Park includes an agricultural patch of about 5 acres, earmarked to cater the needs of Rabi and Kharif crops. Latest agricultural crop growing techniques like vertical farming using 70% less water than traditional farming. Hydroponic system for demonstrating these techniques to Agri- tech park visitors to acquaint them with futuristic farming operations. Aquaponic solar greenhouse will be established for growing vegetables and medicinal plants. A space of about 1 acre shall be delineated for a cattle farm that would be used to rear different breeds of cows like Sahiwal and Hariana and buffalo breeds like Murrah and Nili Ravi. Internet of Things (IoT) and Artificial Intelligence techniques will be employed for monitoring cattle feed, nutrition and milk processing and general well-being of animals. Re – circulatory Aqua culture system will be used for high density stocking of fish in a smaller space. Interactive virtual field trips and activities will be offered in a variety of themes that would give information on the importance of plants, various cropping techniques, role of insects and the feeding and living pattern of animals, fish bees etc. The establishment of an Agri-tourism technology park at Amritsar district of Punjab has been planned with a focus on the sustainable development of human environment in and around the region.","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125762967","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":"The Tunisian Economics’ Situations After the Revolution of Arab Spring 2011","authors":"F. Sabbagh","doi":"10.35940/ijef.a2902.111221","DOIUrl":"https://doi.org/10.35940/ijef.a2902.111221","url":null,"abstract":"The Tunisian economic facts after the so-called the Arab spring or social revolution have been marketed by numerous fluctuations and radical changes in the general situation of the management of the administrative affairs of the country. The most prominent of these facts, including the series of chaotic sit-ins and the political and security instability that has increased from 2011 to 2018, note in particular the emergence of the phenomenon of terrorism and assassinations. These negative results are too the expensive cost of the Tunisian national economy, which has been directed, affected by all vital sectors of the country’s economy, especially the tourism, trade and investment sectors. In addition, the increase in excessive wages during the first three years following the revolution and the increasing number of random sit-ins that led to the cessation of the production in the Gafsa phosphate mine and the failure to work for most of the public servants represented negative factors that led to a decline in productivity and an increase in the financial and trade deficit. Thus, the budget deficit and the accumulation of indebtedness represent the main obstacle to achieving social and economic stability.","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"48 14","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131472369","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":"The Impact of Innovation Strategy on the Financial, Social and Environmental Performance","authors":"H. Saremi, M. Mahmoudi, Mojtaba Soltaninezhad, M. Hosseinpour","doi":"10.35940/ijef.a2501.051121","DOIUrl":"https://doi.org/10.35940/ijef.a2501.051121","url":null,"abstract":"The core purpose of this study is to investigate the effect of innovation strategy on financial, social and environmental performance of companies listed on the Tehran Stock Exchange (TSE). The information used is from 129 companies listed on TSE in different industries between 2011 and 2018 (1032 observations). In order to analyze the data, a multivariate regression test was used. The results showed a positive and significant relationship between innovation strategy on financial performance and environmental performance. Also, the relationship between innovation strategy and social performance has a positive but insignificant. Innovation tools are also among the few management tools that can have a positive impact on both financial performance and the company's environmental performance. In this research, an attempt has been made to look at the idea of innovation from a financial point of view, and its results in the long run indicate the right choice of management to invest in the company's research and development unit.","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116730824","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":"The Impact of Renewable Energies on Sustainable Development","authors":"F. Sabbagh","doi":"10.35940/ijef.b2504.111221","DOIUrl":"https://doi.org/10.35940/ijef.b2504.111221","url":null,"abstract":"The people of the world have entered a decade phase after bidding farewell to the previous year 2019 and to begin with stability towards a future that is looming on the horizon of many variables that could shape the characteristics of the next decade with the start year of 2020, it will therefore constitute a fundamental change for the future of daily life and the international economy.","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123667140","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":"Impact of Non-Performing Loans on Saudi Bank Profitability","authors":"Dr. Mahmoud M. Al Zyood*, Al Zyood","doi":"10.54105/ijef.d2521.111422","DOIUrl":"https://doi.org/10.54105/ijef.d2521.111422","url":null,"abstract":"Non-performing loans (NPLs) have become increasingly worrying to the Saudi banking sector. Sanctioned loans have a repayment schedule, including principal and interest amounts. Excessive defaults on loans leads to a liquidity crisis throughout the banking sector, and can even cause bank failure. As a result, banks have to cover non-performing loans and maintain reserves under the instructions of the Saudi Arabia Central Bank, which severely affects profitability. This study analyzes the comparative position of non-performing loans in the Saudi banking sector over the period 2009-2017 to determine causes and impacts on bank profitability, using data from annual reports. The study variables are profitability (ROA and ROE) as the dependent variable, and non-performing loans ratio (NPLR) as the independent variable. The data was analyzed by correlation, regression, and analysis of variance (ANOVA) using SPSS. The empirical results represent that NBLR has a negative influence on the dependent variable.","PeriodicalId":371660,"journal":{"name":"Indian Journal of Economics and Finance","volume":"66 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":"123479122","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}