South Asian Journal of Macroeconomics and Public Finance最新文献

Efficacy of Monetary Policy Transmission During the Flexible Inflation Targeting Regime in India 印度灵活通胀目标制期间货币政策传导的有效性

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South Asian Journal of Macroeconomics and Public Finance Pub Date : 2024-05-28 DOI: 10.1177/22779787241245237

Samahita Phul

引用次数: 0

Agricultural Marketing in India: Challenges, Policies and Politics 印度的农产品营销：挑战、政策和政治

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South Asian Journal of Macroeconomics and Public Finance Pub Date : 2023-12-11 DOI: 10.1177/22779787231209169

Subhomay Saha, Chaitali Sinha, Shrabani Saha

引用次数: 0

Productivity Shock and Labour Input: Evidence from Correlated Unobserved Component Model 生产力冲击与劳动力投入：相关非观测成分模型的证据

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South Asian Journal of Macroeconomics and Public Finance Pub Date : 2023-12-11 DOI: 10.1177/22779787231209612

Jitender Singh, Arup Mitra

引用次数: 0

Role of ICT, Governance Quality in Indirect Tax Revenue Productivity: A Comparative Analysis of Two Recent Indirect Tax Regimes in Indian States 信息和通信技术、治理质量在间接税收入生产率中的作用：印度各邦最近两种间接税制度的比较分析

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South Asian Journal of Macroeconomics and Public Finance Pub Date : 2023-12-08 DOI: 10.1177/22779787231210743

Hrushikesh Mallick

{"title":"Role of ICT, Governance Quality in Indirect Tax Revenue Productivity: A Comparative Analysis of Two Recent Indirect Tax Regimes in Indian States","authors":"Hrushikesh Mallick","doi":"10.1177/22779787231210743","DOIUrl":"https://doi.org/10.1177/22779787231210743","url":null,"abstract":"The study explores the determinants of indirect tax mobilization across various groups of Indian states based on their major, minor categories and more and less industrialized attributes. It observes a strongly positive but differential impact of per capita RGSDP on own tax revenue efforts of various state groups. Information and Communication Technology use is only helping major less and minor more producer states in augmenting their tax revenues, whereas it results in decreased revenues for major more and minor less producing state groups including all the states in a group. This implies use of Information and Communication Technology has been less effective for most Indian states in augmenting their tax revenues. The governance quality results in loss of tax revenues in major and minor less producer states, while it has no effect on major more producer including all minor and all states together. This implies a weak role of governance in taxation. We observe differential impact of tax regimes for different state panels, which has significant policy relevance. JEL Classification: H11, H21, H27, H77","PeriodicalId":40308,"journal":{"name":"South Asian Journal of Macroeconomics and Public Finance","volume":"8 20","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138586444","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

Impact of Public Debt on Economic Growth: A Quantile Regression Approach 公共债务对经济增长的影响：量化回归方法

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South Asian Journal of Macroeconomics and Public Finance Pub Date : 2023-11-22 DOI: 10.1177/22779787231207218

Chen Kong San, Lee Chin

{"title":"Impact of Public Debt on Economic Growth: A Quantile Regression Approach","authors":"Chen Kong San, Lee Chin","doi":"10.1177/22779787231207218","DOIUrl":"https://doi.org/10.1177/22779787231207218","url":null,"abstract":"This study aimed at investigating the nexus between government debt and its determinants in the context of sustainable economic growth for 97 countries over the period from 2004 to 2018 by employing a panel data quantile regression and comparing it across a fixed-effects model and a generalized method of moments (GMM) model. The different touches of debt on economic growth were analysed. The quantile regression estimates revealed that government debt has various impacts on economic growth, relying on the degree of economic performance. Government debt negatively affects economic growth across all the quantiles. More interestingly, the quantile regression estimates indicated that in countries with a very low level of real GDP per capita growth, government debt has a stronger pernicious effect on economic growth compared to upper-middle and high-income countries. Hence, our results provided insightful information for policy makers in designing appropriate fiscal policies particularly for low- and lower- middle-income countries to mitigate the negative effect on economic growth, and it should be maintained at a low and reasonable level to promote sustainable economic growth. JEL Classification: E61, E62, E63, H63, O4, O40","PeriodicalId":40308,"journal":{"name":"South Asian Journal of Macroeconomics and Public Finance","volume":"1 1","pages":"250 - 278"},"PeriodicalIF":0.9,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139247562","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

Performance and Efficiency of Public Sector in Independent Namibia 独立后纳米比亚公共部门的绩效和效率

South Asian Journal of Macroeconomics and Public Finance Pub Date : 2023-11-09 DOI: 10.1177/22779787231204698

Utpal Kumar De, Christopher P. P. Shafuda

引用次数: 0

Institutional Ownership, Capital Structure and Performance of SMEs in China 中国中小企业股权、资本结构与绩效

South Asian Journal of Macroeconomics and Public Finance Pub Date : 2023-11-09 DOI: 10.1177/22779787231196361

Geeta Duppati, Rachita Gulati, Neha Matlani, Ploypailin Kijkasiwat

{"title":"Institutional Ownership, Capital Structure and Performance of SMEs in China","authors":"Geeta Duppati, Rachita Gulati, Neha Matlani, Ploypailin Kijkasiwat","doi":"10.1177/22779787231196361","DOIUrl":"https://doi.org/10.1177/22779787231196361","url":null,"abstract":"This article examines the relationship between ownership, leverage, and performance for Chinese small and medium enterprises (SMEs). Our study sheds light on how institutional ownership affects the performance of Chinese SMEs. We use agency and the pecking order perspective as background theories for analysing the relationships between institutional ownership, capital structure, and firm performance. We use a range of regression estimations for robustness checks and include Quantile regression, static and dynamic panel regression models, and a two-step system Generalized Method of Moments (GMM) approach to explore data covering 2009–2015. Our findings show that institutional investor’s ownership affects the performance of Chinese SMEs positively and significantly. The negative relationship between leverage and performance indicates the dominance of family ownership in Chinese SMEs, where firms rely more on retained earnings for financing, which aligns with the pecking order theory (POT) perspective. The results also suggest that institutional ownership could mitigate agency issues in Chinese SMEs.","PeriodicalId":40308,"journal":{"name":"South Asian Journal of Macroeconomics and Public Finance","volume":" 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135240986","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

Can Fiscal Transfers Help India Meet Its SDG Goals? 财政转移能帮助印度实现可持续发展目标吗?

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South Asian Journal of Macroeconomics and Public Finance Pub Date : 2023-07-17 DOI: 10.1177/22779787231168771

Fernanda Andrade de Xavier, P. Mukhopadhyay

引用次数: 1

Impact of Covid-19 on Stock Market Indices: Evidence from Colombo Stock Exchange Covid-19对股票市场指数的影响:来自科伦坡证券交易所的证据

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South Asian Journal of Macroeconomics and Public Finance Pub Date : 2023-07-04 DOI: 10.4038/sajf.v3i1.52

A. Adikari, H. Buddhika

{"title":"Impact of Covid-19 on Stock Market Indices: Evidence from Colombo Stock Exchange","authors":"A. Adikari, H. Buddhika","doi":"10.4038/sajf.v3i1.52","DOIUrl":"https://doi.org/10.4038/sajf.v3i1.52","url":null,"abstract":"Purpose: The study intends to address the question, “What is the impact of the Covid-19 pandemic on stock market indices in the Colombo Stock Exchange”. This would support potential and existing investors to understand the behaviour of the stock market during the pandemic to make effective long-term decisions since there are only a few studies currently available in Sri Lankan context.Design/Methodology/Approach: A log-linear multiple regression model was executed whereby the dependent variables, All Share Price Index and S&P SL 20 index, were regressed against independent variables, daily new cases and deaths reported, fiscal and monetary policy measures implemented, and island-wide travel restrictions imposed during the period to analyze the impact of Covid-19 on the financial market over 270 days, from 27th January 2020 to 30th April 2021, covering two waves of the pandemic.Findings: The regression analysis revealed a positive relationship between the stock indices and the number of daily cases and deaths and a negative relationship with the travel restrictions imposed during the period. The policy measures implemented by the Government of Sri Lanka were insignificant in the index movements. Based on the results of this study, a positive impact on the stock indices was discovered during the pandemic; hence investors should refrain from panic withdrawals from the market.Originality: This is among the few studies to analyze the stock market performance during the Covid-19 pandemic adapted to the Sri Lankan context. The variables taken in the study can cover various aspects of the pandemic situation.","PeriodicalId":40308,"journal":{"name":"South Asian Journal of Macroeconomics and Public Finance","volume":"7 1","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87801956","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

Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from the Listed Companies in Sri Lanka 公司治理与企业社会责任披露:来自斯里兰卡上市公司的证据

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South Asian Journal of Macroeconomics and Public Finance Pub Date : 2023-07-04 DOI: 10.4038/sajf.v3i1.59

K. Sarmila, J. Niresh

{"title":"Corporate Governance and Corporate Social Responsibility Disclosures: Evidence from the Listed Companies in Sri Lanka","authors":"K. Sarmila, J. Niresh","doi":"10.4038/sajf.v3i1.59","DOIUrl":"https://doi.org/10.4038/sajf.v3i1.59","url":null,"abstract":"Purpose: The primary objective of this study is to investigate the nexus between corporate governance and corporate social responsibility disclosure in Sri Lankan listed firms.Design/Methodology/Approach: Corporate governance was evaluated using the following criteria: board size, board independence, role duality, women representation, audit committee size, and ownership concentration. The Global Reporting Initiative (GRI) methodology was utilized to assess Corporate Social Responsibility Disclosure (CSRD) using content analysis. This study collects balanced panel data from 44 Sri Lankan listed firms over a five-year period, from 2018 to 2022. Because of their highly regulated nature, the banking, finance, insurance, and investment trust industries were omitted from the sample. All of the information was gathered from yearly reports published on the Colombo Stock Exchange's website in Sri Lanka.Findings: Test results suggest that board size, independence, and women representation have no significant relationship with CSRD. Role Duality, Audit Committee Size and Ownership Concentration exhibit a significant association with CSRD. Moreover, the mean value of the CSRD is 44.56 percent for the selected listed companies in Sri Lanka.Originality: This study contributes to determining the extent to which companies have adhered to the GRI as a widely acknowledged disclosure framework. It provides value to the company's management in order for them to make better judgments on whether the firms should involve them in more corporate governance disclosures in order to raise the degree of CSR to enhance transparency and to promote stakeholders' well-being. The outcome also has ramifications for regulatory agencies in developing obligatory reporting requirements for all listed firms to comply with the GRI framework.","PeriodicalId":40308,"journal":{"name":"South Asian Journal of Macroeconomics and Public Finance","volume":"27 1","pages":""},"PeriodicalIF":0.9,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89908658","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