International Journal of Economic Policy in Emerging Economies最新文献

{"title":"Forecasting Lending Interest Rates of Commercial Banks in Cameroon with Autoregressive Integrated Moving Average (ARIMA) Model.","authors":"Samuel Ringmu Huboh, Mom Aloysius Njong, Daniel Tambi Mbu","doi":"10.47941/ijecop.1483","DOIUrl":"https://doi.org/10.47941/ijecop.1483","url":null,"abstract":"Purpose: Lending Interest rate prediction is one of the most relevant aspects in the banking sector and a country’s economy. Lending is an important variable within this sector since economic and market conditions vary over time. Efficient methods are needed to describe the trends and characteristics of lending interest rate. The performance of different time series models for analysis of lending interest rates of commercial banks in Cameroon is provided to determine the feasibility of method for the generation of results in the wake of economic decisions.
 Methodology: Historical time series of lending interest rates in the banking sector in Cameroon were analysed for the period 1972 to 2023. The Box-Jenkins methodology was used to analyse the time Series data.
 Findings: It was revealed that 76.75% of the variation in Lending interest rates in Cameroon is accounted for by the lending interest rates for the past 52 years, the inflation rate for the past 52 years and the GDP for the last 52 years. Therefore, an increase in lending interest rates 52 years ago by one unit will increase lending interest rates today by 0.808 units. Similarly, an in increase in inflation by one unit will reduce lending interest rates by 0.002 units. In addition, an increase in GDP by one unit will reduce lending interest rates by 0.000001 unit. The ARIMAX (1,1,4) demonstrated to be more robust. Therefore, lending interest rates in Cameroon will reduce with time as from the year 2023 to 2027 and above. Investors are encouraged to borrow from the banks and invest within this time frame.
 Unique Contribution to Theory Practice and Policy: Long and varying lags of interest rates separate the effects of monetary policy from the economy and has caused a lot of unemployment in any society. The degree to which interest rates rise has pulled down the economy is alarming. This can be seen in businesses, economic projections, and spending. More businesses report that interest rates have reduced their capital and non-capital spending expectations compared to 2022. A further indication that the impact of higher interest rates has yet to be fully felt is evidence that keeping the existing policy course will limit the spending activity of more enterprises. Monetary policy has surpassed all other concerns for finance executives in the past quarter. Survey participants mentioned interest rates in their decision to cut spending. The study provides a unique way of comparing results of interest rates using a traditional time series model to a typical Interest rate model.BEAC should chose an accommodating monetary policy centred on decreasing the already high interest rate and injecting cash into CEMAC savings in response to the economic shock currently existing in Cameroon.","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136381462","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":"Investing for More than Just Money: The Non-Utilitarian Benefits of Investments","authors":"Celestine Gitonga Gatabi, Michael Musyoka Muema, Godfrey Oreko Nyakoi, Ibrahim Tirimba Ondabu","doi":"10.47941/ijecop.1451","DOIUrl":"https://doi.org/10.47941/ijecop.1451","url":null,"abstract":"Purpose: This article aimed to identify the psychological, social, environmental and ethical benefits of investments.
 Methodology: A total of 82 articles that were initially picked for this study, 30 articles were however selected and critically scrutinized to yield this review article.
 Findings: The review findings reveal that investments can have a significant impact on investors' well-being and highlight the importance of considering these benefits in investment decision-making processes.
 Unique contribution to theory, practice and policy: One limitation of the existing studies is that they are often based on self-reported data, which may be subject to bias or social desirability effects. This research describes new paradigms to the additional benefits of investments, in addition to the famous monetary gains such as the psychological, social, environmental and ethical benefits. Understanding these trade-offs can help investors make more informed decisions about their investment strategies.","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"157 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136308074","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":"Effect of Diaspora Remittances on Economic Development in Kenya","authors":"Fartun Adan Issack, Charles C. Nzai","doi":"10.47941/ijecop.1415","DOIUrl":"https://doi.org/10.47941/ijecop.1415","url":null,"abstract":"Purpose: This study intended to establish the effects of remittances from Kenyans residing abroad on the country's economic growth from 1988 to 2021. The study specifically calculated how diaspora remittances would affect the country's absolute poverty from 1988 to 2021, as well as how they would affect gross domestic product and gross national product. \u0000Methodology: The study implored the error correction model to conduct the estimation due to the stochastic nature of remittances. The modified Granger causality test by Toda and Yamamoto was applied to examine the connections between GDP and remittances as well as the connections between poverty and remittances. Using STATA software, an econometric estimation was performed. \u0000Findings: According to the study, remittances per capita had a significant impact on Kenya's GDP, GNI, and degree of absolute poverty. It was discovered that GDP and GNI per capita were granger causes of remittance per capita, but neither absolute poverty nor remittance per capita were granger caused by absolute poverty. \u0000Unique Contribution to Theory, Policy and Practice: The report recommends that, in order to guarantee a steady stream of remittances into the country's economy, essential efforts be taken to stabilize the currency rate and inflation.","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"67 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79541139","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 Refined Crude Oil Imports on Carbon Dioxide Emission (C02) in Nigeria","authors":"O. Adeyemo, L. Deekor","doi":"10.47941/ijecop.1315","DOIUrl":"https://doi.org/10.47941/ijecop.1315","url":null,"abstract":"Purpose: The study investigated the impact of refined crude oil imports on carbon dioxide emission in Nigeria covering the period 1980 to 2020. \u0000Methodology: The study employed preliminary test of Augmented Dickey Fuller and Dickey-Fuller GLS unit root testing procedure while the main estimation technique is the Autoregressive Distributed Lag (ARDL). Data for the study is sourced from the World Bank’s development indicators and Central Bank of Nigeria statistical bulletin for various years. The dependent variable is carbon dioxide emission (CO2) while explanatory variables include refined oil imports (M), gross domestic product (Y) for economic growth, total factor productivity (TFP) for technological progress and innovation, oil price (OP) and nominal exchange rate (EXR). \u0000Findings: Findings in the study show that the contribution of refined oil imports to carbon dioxide emission is positively signed and statistically significant at 5 percent level in both long run and short run. There exists a unidirectional causation between oil import, and carbon dioxide emission. The study concludes that the positive values of refined oil imports pose serious environmental threat given the rise in carbon dioxide emission. \u0000Unique Contribution to Theory, Policy and Practice: The study therefore, recommends amongst others that the policymakers particularly the Nigeria’s executive arm of government need to diversify the economy from oil-based to non-oil based. Also, the country’s refineries should be de-regulated to reduce the over dependency on the importation of the refined crude oil imports alongside with the establishment of Government Agencies that will strictly monitor the refined crude oil production process which will go a long way in reducing the over reliance on refined crude oil importation as well as the environmental challenges emanating from refined oil consumption.","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85300519","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 Nexus between Capital Flight and Economic Growth. A Panel Data Investigation of the Mediating Role of Inflation (Kenya: 1986-2021)","authors":"Joseph Macheru","doi":"10.47941/ijecop.1205","DOIUrl":"https://doi.org/10.47941/ijecop.1205","url":null,"abstract":"Purpose: This paper investigates whether inflation moderated the relationship between capital flight and economic growth in Kenya. The study attempts to answer one question. Has the effect of capital flight on economic growth been influenced significantly by the inflation rate in Kenya? \u0000Design/methodology/approach – The panel data for the variables under study, collected from World Investment Reports published by World Bank, are analyzed using feasible generalized least squares method to examine the relationship between the dependent and explanatory variables over the period 1987–2018. The interaction effect has been studied to examine the growth impact of FDI in presence of host country characteristics. \u0000Findings – The study found out that foreign portfolio investment outflows, profit repatriations, and inflation rates had no significant effects on economic growth when the interaction variable for inflation was included in the model. Outward foreign direct investment had a significant effect on economic growth when inflation is included in the model as an interaction variable with a positive coefficient indicating they had a positive significant relationship. The interaction variable had a negative but insignificant coefficient indicating that inflation rate did not moderate the relationship between capital flight and economic growth. From the empirical findings, we can infer that capital flight did not constrain resources and subsequently did not affect economic growth negatively. We also find that inflation rate cannot be used to control or moderate the effect of capital flight on the economy and Kenya should not pursue policies geared towards using inflation to moderate this relationship. \u0000Originality/value – The present study provides for the first time comprehensive empirical evidence on the relationship between inflation, economic growth, and the increased rate of capital outflows in Kenya. Therefore, this study would be of prime importance for policymakers. \u0000Originality/value – Very few studies have been conducted to examine the nexus between inflation, capital flight and economic growth in Kenyans financial markets. Assessing the interaction of these variables in Kenya and their impact on economic growth by use of panel data methodology is an original contribution of this paper toward the existing body of knowledge.","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74501354","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":"Macroeconomic Signals and Indian Real Estate Firms","authors":"U. Kumar","doi":"10.47941/ijecop.1181","DOIUrl":"https://doi.org/10.47941/ijecop.1181","url":null,"abstract":"Purpose: India's real estate sector has been growing in size and influenced the country's economic growth. This paper studies the link between listed real estate firms in India and macro-economic activities and growth. Therefore, it examines the effect of rural production, foreign inflows, capital market growths, and money flows on the activities of real estate firms listed in the Indian stock exchanges. \u0000Methodology: The paper uses data of 65 listed real estate firms from 2001 to 2016. It uses a multivariate regression model to examine the relationship, and the effect of the rural economy, financial markets, international flows, and money flows on real estate firms. The regression models use firm-specific measures and different determinants of macroeconomic variables for the analysis. \u0000Findings: The findings suggest that macroeconomic variables signal a potential increase in the real estate industry's performance. An increase in foreign direct investment leads to increasing real estate activities. Personal remittances bring more revenues for real estate firms but not the stock returns of these firms. Capital markets growth has limited influence on this sector. Money flows, notably savings, positively affect the real estate industry. However, the rural economy does not significantly affect real estate activities. \u0000Unique Contribution to Theory, Policy and Practice: The study proposes that Indian real estate sector needs more transparent and regulatory structures to reap the benefits of the expected growth of the economy. Government should bring policies to capital market reform specifically towards real estate industry to generate interests among domestic and international investors in this sector.","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"54 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86468315","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":"Investigation of Constituent Determinants of Financial Inclusion: Evidence from Mauritania","authors":"M. Sidi, Salina Kassim","doi":"10.1504/ijepee.2023.10055397","DOIUrl":"https://doi.org/10.1504/ijepee.2023.10055397","url":null,"abstract":"","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66811901","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":"Contribution of non-timber forest products to the food security of households bordering the P","authors":"Soumaïla Sawadogo","doi":"10.1504/ijepee.2023.10056049","DOIUrl":"https://doi.org/10.1504/ijepee.2023.10056049","url":null,"abstract":"","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66811908","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":"What factors affect scientists innovation activity: evidence from Russia","authors":"D. Bazin, G. Volkova, V. Teslenko","doi":"10.1504/ijepee.2023.10054222","DOIUrl":"https://doi.org/10.1504/ijepee.2023.10054222","url":null,"abstract":"","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66810928","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":"Analysing Muda under COVID-19 pandemic: a case study in a Spanish supermarket","authors":"M. Contreras, M. Barraza, Lucía Barcos Redín","doi":"10.1504/ijepee.2023.129783","DOIUrl":"https://doi.org/10.1504/ijepee.2023.129783","url":null,"abstract":"Lean service aims at identifying and eliminating Muda or waste (non-value-added activities). The purpose of this paper is to answer the research questions: Which types of waste can be observed in supermarket stores during COVID-19 pandemic? How has it impacted the operational processes in stores? An exploratory case study based on structured direct observation has been conducted. A supermarket store in a Spanish mid-size city has been selected and observed for more than 30 weeks. Methods to gather data were document analysis, direct and participative observation and informal interviews with customers and employees. Seven types of Muda (defects, motion, over-processing, inventory, overproduction, transportation, and time) were identified and measured prior to COVID-19 pandemic and after the first weeks. The results show that all types of Muda increased significantly during the first four weeks after the pandemic outbreak, but they decrease afterwards when actions were implemented by the management. Copyright © 2023 Inderscience Enterprises Ltd.","PeriodicalId":38704,"journal":{"name":"International Journal of Economic Policy in Emerging Economies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66811947","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}