Journal of Applied Economic Sciences (JAES)最新文献

{"title":"Research on the Impact of Financial Resources on Industrial Growth in Sub-Saharan Africa","authors":"Ayine R.S. Nigo, Vincent Gibogwe","doi":"10.57017/jaes.v18.2(80).01","DOIUrl":"https://doi.org/10.57017/jaes.v18.2(80).01","url":null,"abstract":"This study contributes to the literature on financial efficiency and industrial growth. We use the Autoregressive Distributive Lag (ARDL) method to find the impact of institutional financial quality on the industry sector's growth in 14 Sub-Saharan African countries from 1990 to 2020. Our results show that only gross fixed capital formation has long-run variables and a significant (at 1% level) causal effect on the magnitude of industrial value added. As for the short run, only credit has an effective (at a 1% level) causal impact on the magnitude of industrial value added. The error correction (EC) term shows a joint significance with the causality of all variables in the long term.","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"106 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128073477","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":"An Artificial Intelligence Cycle Model Against the Shortage of Skilled Professionals - An AI-based Holistic Solution Approach for Human Resources","authors":"Marina Tcharnetsky, F. Vogt","doi":"10.57017/jaes.v18.2(80).05","DOIUrl":"https://doi.org/10.57017/jaes.v18.2(80).05","url":null,"abstract":"In order to counter the impending shortage of skilled professionals in the aging societies of our time in many western countries such as Germany, solutions for business and society are urgently needed. Here, artificial intelligence (AI) can play an important role in mitigating the problem with the help of diverse applications. At the same time, it is important to consider both the needs of the respective employee and the company to ensure that the use of AI has a positive impact on the organization and finds social acceptance. In this article, we describe the newly developed OSQE model (Optimize, Secure, Qualify, Expand) shown in Figure 1 from Annex, which for the first time outlines an AI cycle against the shortage of skilled professionals in a holistic approach that focuses equally on people and companies. This can serve organizations as a guide for strategy development, decision-making for and implementation of AI-supported measures in an entire cycle of an employee's affiliation with a company. The model takes three driving forces into account: companies, professionals, and AI applications. In the model, the measures to be implemented are prioritized with ascending numbering based on what would be most urgent for a company to implement. All measures relate to areas of action that place people at the center and can be assigned to the classic cycle of belonging of an employee in the company. In this regard, the opportunities that AI offers to professionals and companies are highlighted.","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126687670","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":"Inflation and Public Debt Reversals in the West African Monetary Zone (WAMZ) Economies","authors":"Y. Cham","doi":"10.57017/jaes.v18.2(80).03","DOIUrl":"https://doi.org/10.57017/jaes.v18.2(80).03","url":null,"abstract":"The research focused on the causes of inflation and public debt reversal in the West African Monetary Zone (WAMZ) economies. Several factors influencing public debt reversal and inflation, including weak institutions, high government spending, influence from external shock and lack of proper revenue mobilization. The impact of these factors on the WAMZ economies has also been examined as these countries suffer from high inflationary pressures, increasing borrowing costs and slow economic growth. Policies and other methods implemented by the WAMZ economies to address the challenges have also been evaluated. The last section of the research looks at the challenges these economies face in implementing the policy responses stipulated to address public debt reversals and inflation.","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117290285","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":"A Household’s Preferences Vary Depending on Whether Incomes Are Permanent or Temporary: A Solution to the Time-Inconsistency Problem and Equity-Premium Puzzle","authors":"Taiji Harashima","doi":"10.57017/jaes.v18.1(79).02","DOIUrl":"https://doi.org/10.57017/jaes.v18.1(79).02","url":null,"abstract":"A household’s preferences are usually assumed not to vary temporally or depending on the objects to which they are applied, but this assumption is often inconsistent with empirical estimates, for example, with the time-inconsistency problem of the time preference rate and the equity-premium puzzle. I show that these inconsistencies are generated because a household’s preferences vary depending on whether they are applied to permanent or temporary incomes. Preferences applied to permanent incomes are anchored to the steady state or a balanced growth path, but those for temporary incomes are not. Hence, the former is fixed and unchanged, but the latter can take various values depending on conditions. ","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"240 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129712965","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 Financial Resources on Agricultural Growth in Sub-Saharan Africa","authors":"Ayine R.S. Nigo, Vincent Gibogwe","doi":"10.57017/jaes.v18.1(79).06","DOIUrl":"https://doi.org/10.57017/jaes.v18.1(79).06","url":null,"abstract":"This study contributes to the literature on financial efficiency and growth. We show that banking development exerts a statistically significant and positive impact on local economic growth. We use the ARDL method to find the impact of institutional financial quality on agriculture sector growth in 14 Sub-Saharan African countries from 1990 to 2020. Our results show that land, rural population, and per capita agricultural income growth have long-run and significant (at 1% level) causal effects on the magnitude of agricultural value added as a percentage of GDP. ","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116449291","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":"Sensitivity of the Ramsey’s Regression Specification Error Term Test on the Degree of Nonlinearity of the Functional Form","authors":"Christos Christodoulou-Volos, Dikaios Tserkezos","doi":"10.57017/jaes.v18.1(79).01","DOIUrl":"https://doi.org/10.57017/jaes.v18.1(79).01","url":null,"abstract":"The present paper aims to demonstrate that the Ramsey’s Regression Specification Error Term Test (RESET) is very sensitive to the degree of nonlinearity between the variables of the under-specification functional form. This widely used test, for testing the functional specification of a model, is based on the notion that if nonlinear combinations of the explanatory variables have any power in explaining the predictor, the model is mis-specified and the data generating mechanism might be approximated by a nonlinear functional form. Using Monte Carlo techniques, we find that the power of the Ramsey’s RESET test is highly influenced and related with the degree of nonlinearity between the dependent and the independent variables of the under-specification functional form.","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127164342","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 Gamification on Self-Efficacy in Managers","authors":"Agnieszka Hoffmann","doi":"10.57017/jaes.v18.1(79).04","DOIUrl":"https://doi.org/10.57017/jaes.v18.1(79).04","url":null,"abstract":"The main purpose of the article is to study the impact of gamification on the phenomenon of perceived self-efficacy in managers in their work on the set goals related to the management of their team. The paper was prepared using an intervention based on the Superbetter method. The Generalized Self-Efficacy Scale (GSES) was used to measure the level of self-efficacy before and after the intervention in the study group and twice in the control group (as a pretest and a posttest). The authors of the scale of generalized self-efficacy are as follows: Ralf Schwarzer, Michael Jerusalem, Zygfryd Juczyński. As a result of the study, it was confirmed that the use of the Superbetter intervention increased the self-efficacy among managers subjected to it as part of the intervention in the research group, and thus increased their chances of introducing changes undertaken by them as a goal.","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129821934","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":"Numerical Simulations of Reaching a Steady State: No Need to Generate Any Rational Expectations","authors":"Taiji Harashima","doi":"10.57017/jaes.v17.4(78).04","DOIUrl":"https://doi.org/10.57017/jaes.v17.4(78).04","url":null,"abstract":"It is not easy to numerically simulate the path to a steady state because there is no closed form solution in dynamic economic growth models in which households behave generating rational expectations. In contrast, it is easy if households are supposed to behave under the MDC (maximum degree of comfortability)-based procedure. In such a simulation, a household increases or decreases its consumption according to simple formulae. In this paper, I simulate the path when households behave under the MDC-based procedure, and the results of simulations indicate that households can easily reach a stabilized (steady) state without generating any rational expectations by behaving according to their feelings and guesses about their preferences and the state of the entire economy. ","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129171844","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":"Changes in the Financial Liquidity of Business Entities of the Small and Medium-Sized Enterprises Sector in Poland","authors":"Dorota Słowik Dorota SŁOWIK","doi":"10.57017/jaes.v17.4(78).03","DOIUrl":"https://doi.org/10.57017/jaes.v17.4(78).03","url":null,"abstract":"Small and medium-sized enterprises are a special type of enterprise. They are characterized by unity of ownership and management, personal responsibility for business activities. Business entities today operate in an increasingly dynamic and complex environment. Small and medium-sized companies are particularly affected by rapid economic, political, social and technological changes. The development of the small and medium-sized enterprise sector depends on external factors that individuals cannot influence, as well as internal factors - determining the opportunities available to the entity and directly influenced by it (e.g., in terms of its resources, level of innovation, efficiency and effectiveness of management). Companies in the SME sector face many barriers in their operations that prevent them from growing. One such barrier may be difficult access to external funding. Raising capital to start and run a business is a very important problem for today's small and medium-sized businesses. The raising of capital, and consequently the handling of that capital, are closely related to development opportunities. Small and medium-sized businesses are an important determinant of the economy in Poland, but also in EU countries and around the world.","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133001445","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":"Atlantis Rising Blueprint for a Better World","authors":"Hardy Hanappi","doi":"10.57017/jaes.v17.4(78).02","DOIUrl":"https://doi.org/10.57017/jaes.v17.4(78).02","url":null,"abstract":"The current dynamics of the global political economy are depressing: A multidimensional climate crisis is taking on speed; new pandemic waves with unknown lethal consequences are building up; National capitalism – bent to become a new form of fascism – raises its head and the return to military conflict solution makes a 3rd World War possible. But despite these gloomy perspectives it remains true that mankind so far has mastered all difficulties as soon as it became aware of them. Our species in principle has all means – physically and intellectually – to let a new Atlantis rise. And the guidelines how to overcome the above mentioned three crises, are delivering the blueprint of the organizational design of such a new Atlantis. This paper explores this exciting hypothesis. The first goal to reach clearly is to avoid a 3rd World War, which means to defeat the fascist movements in the world. As the 20th century showed, fascism developed out of nationalism, which in turn was nourished by a nationwide controlled class rule, a form of military (and police) governed capitalist exploitation. This currently so successful form of capitalism (China, Russia, USA) is defined as ‘National Capitalism’. It corresponds to what I called disintegrating capitalism in (Hanappi 2019a). Being victorious, to have overcome national capitalism, means to have been able to establish a global democratic government. To get there the progressive opposition to National Capitalism has to develop theory, strategy and practice. As described in (Hanappi 2020) a certain degree of division of progressive labor activities – the emergence of a global class of organic intellectuals[1] – will be needed. Only with global governance the other two crises, the climate crisis and the future global health crises, can be overcome. Since they are already here and help to make the impasse of capitalism, of national capitalism, become very visible to every human individual, we already can find ways of global coordination to prevent them. In doing so, success is possible and can yield into the necessary optimism, an attitude which is necessary for the emotional basis of any progressive, humanistic movement. A man-made Atlantis can rise - not beyond an ocean but here on earth. We just have to unite our intellectual forces and to continue the century-old struggle for emancipatory social evolution[2].[1] In explaining Gramsci’s concept of the organic intellectual Perry Anderson writes: ‘Gramsci argued that intellectuals are absolutely necessary for the proletariat, both in historical periods when it is a class in-itself and in those when it is a class for-itself. Without intellectuals the proletariat could neither come to power, nor consolidate or develop its power after winning it.’ (Anderson 2016, Kindle-Positions 1971-1982).[2] Thomas Morus wrote his ‘Utopia’ in 1516. ","PeriodicalId":385824,"journal":{"name":"Journal of Applied Economic Sciences (JAES)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129285378","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}