{"title":"Understanding Growth Strategies and Performance: Empirical Investigation of Cement Manufacturing Firms in Kenya","authors":"Roselyne Kavata Munyasya, Stephen M. A. Muathe","doi":"10.12691/ijefm-11-1-2","DOIUrl":"https://doi.org/10.12691/ijefm-11-1-2","url":null,"abstract":"","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126257923","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":"Forecasting Stock Market Out-of-Sample with Regularised Regression Training Techniques","authors":"Jonathan Iworiso","doi":"10.12691/ijefm-11-1-1","DOIUrl":"https://doi.org/10.12691/ijefm-11-1-1","url":null,"abstract":"","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115055427","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":"Study on Level Evaluation and Development Path of the Open Economy in Ningxia","authors":"Liu Xiuling, Zhu Ruixue","doi":"10.12691/ijefm-10-1-2","DOIUrl":"https://doi.org/10.12691/ijefm-10-1-2","url":null,"abstract":"","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123717665","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 Analysis of Takeovers and Mergers and the Evaluation of Takeover Bids","authors":"V. Bukvic","doi":"10.12691/ijefm-10-1-1","DOIUrl":"https://doi.org/10.12691/ijefm-10-1-1","url":null,"abstract":"","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132116447","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":"Cleaning Strategies and Cost Modelling of Experimental Membrane-based Desalination Plants","authors":"D. Karimanzira, J. Went, F. Neumann","doi":"10.12691/IJEFM-9-1-2","DOIUrl":"https://doi.org/10.12691/IJEFM-9-1-2","url":null,"abstract":"In Project WASTEC, an experimental Reverse Osmosis (RO) desalination system was developed. It serves as a platform for testing new technologies. For this system, we solved two problems, which are described in this paper. Firstly, we developed and investigated strategies for scheduling chemical enhanced backwashing and chemical cleaning and secondly, due to the experimental nature of the project, several new technological developments with respect to materials and methods were integrated into the system and requires tools for evaluating the economic viability of the new technologies. In this task, the economics of membrane-based desalination will be investigated. Baseline systems of reverse osmosis and pretreatment systems (microfiltration and ultrafiltration) will be economically examined and compared for their investments and operational costs. Sensitivity of the different plant and membrane parameters to the cost will be studied. Results show that with respect to costs, for a 200m3/hr design capacity plant, a volume of water is produced by a MF process at a cost of $0.494 and at a cost of $0.486 by an ultrafiltration process microfiltration. The reverse osmosis process cannot be compared directly, but it required $ 0.49 / m3 for a plant with 56 m3/hour design capacity. The values are in line with the costs reported in literature for membrane-based filtration.","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127226004","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":"Globalization of Economy: Strengthening of Inequalities between Countries and the Possibility of Reducing Them","authors":"Chelihi Imene, Djellaba Ali, Larbaa El Hadi","doi":"10.12691/IJEFM-9-1-1","DOIUrl":"https://doi.org/10.12691/IJEFM-9-1-1","url":null,"abstract":"Through the globalized economy that essentially leans on the liberalization of commercial exchange between the different countries all over the world, it seems like some countries and even entire continents like Africa are in isolation from the prosperity resulting from free exchanges. This contribution aims at examining the several ways which effectively use the results of trade liberation in amplifying the developing countries’ potential of achieving development. It was concluded that this liberalization includes many developing countries, but unequally leading to deeper poverty and impairment, furthermore, it is important that the developing countries become aware of the depth of liberalization mechanisms and create bases to benefit from it to achieving a structural changes which would eventually enable these countries to overcome poverty and impairment.","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124404377","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 Health Spending on Economic Growth: Case of France","authors":"Chrigui Zouhair, Mgadmi Nidhal, S. Tarek","doi":"10.12691/ijefm-8-2-4","DOIUrl":"https://doi.org/10.12691/ijefm-8-2-4","url":null,"abstract":"This paper intends to shows that health expenditure is a fundamental determinant of economic growth of every nation and that increasing expenditure on health leads to higher growth rates. For this reason, we empirically validated the impact of health spending on economic growth in France. Hence, we have found that health spending has a positive impact on economic growth, that is to say, any increase in this spending generates an augment in French economic growth. Also, we deduce that France must further improve the health insurance system and raise health care spending, given its importance for economic growth and well-being.","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"74 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123043900","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}
J. H. Claver, Bruno Dinga, F. Louis, Shu Felix, Andjiga Gabriel
{"title":"Cointegration Analysis of Major African Stock Markets","authors":"J. H. Claver, Bruno Dinga, F. Louis, Shu Felix, Andjiga Gabriel","doi":"10.12691/ijefm-7-1-5","DOIUrl":"https://doi.org/10.12691/ijefm-7-1-5","url":null,"abstract":"Globalization, technological advancements and financial liberalization have made it possible for stock markets in different countries to interact and affect and/or influence each other both in the short-run and in the long-run. This study uses the Dickey-Fuller, Engle-Granger method and the Johansen method to test for cointegration using a pair wise analysis between the stock markets in five African countries. These countries are Nigeria, Egypt, South Africa, Morocco, and Mauritius. The Granger causality test is equally used to understand the short-run linkages between the stock markets. All statistical tests are carried out using the R statistical software. Weekly stock indices from January 2010 to December 2015 are employed, with each stock price expressed in local currency. Correlation between the stock markets is very low, with the strongest correlation coefficient being just 31% between the stock Exchange of Mauritius and the Johannesburg Stock Exchange. Cointegration analyses reveal long-run associationship between twelve, out of the twenty-one pairs of stock markets. Granger causality tests reveal bidirectional causality between the South African and Mauritian stock markets and the South African and Nigerian stock markets. Unidirectional causality was also found from the Nigerian stock market to the Moroccan stock market and from the Nigerian stock market to the Mauritian stock market. This research will help investors to invest wisely in the stock markets examined. It will equally aid economic experts and policy makers in these countries to understand the impact of a shock on economic variables on the economy.","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123771736","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}
Tarek Sadraoui, H. Hamlaoui, Zine Youness, Imen Ben Sadok
{"title":"A Dynamic Panel Data Analysis for Relationship between Energy Consumption, Financial Development and Economic Growth","authors":"Tarek Sadraoui, H. Hamlaoui, Zine Youness, Imen Ben Sadok","doi":"10.12691/IJEFM-7-1-3","DOIUrl":"https://doi.org/10.12691/IJEFM-7-1-3","url":null,"abstract":"The purpose of this work is to investigate the cointegration and Granger causal relationship between economic growth and total energy consumption as well as the relationship between economic growth and financial development in the MENA region by using a panel data analysis the period over 2000-2018. Different from limited existing provincial studies on the MENA region, an advanced panel econometric methodologies such as dynamic Panel data techniques consider the question of the energy use-economic growth-financial development nexus. Our results suggest that energy consumption exerts a positive and significant impact on economic growth. Furthermore a positive relationship between financial development and economic growth was detected. Thereby it is important to examine the causal effects of both the total energy use and the financial system before local governments make specific energy and economic policies.","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128414614","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":"Estimation of Import Demand Function Using ARDL Method: Evidence from Nepal","authors":"K. Dhungel","doi":"10.12691/IJEFM-6-2-3","DOIUrl":"https://doi.org/10.12691/IJEFM-6-2-3","url":null,"abstract":"Nepal’s dependence on remittance has been increasing over the years. This has the direct positive impact on overall consumption and in turn indirect positive impact on import. This paper aims to estimate the import demand function during the period 1990-2017 with the help of autoregressive distributed lag (ARDL) model. Bound testing conforms the existence of cointegration among the variables (import, remittance, gross domestic product, and consumer price index). The elasticity coefficient of import with respect to remittance is found 1.37 and 0.97 in the short and long run respectively. It implies that a 1% increase in remittance leads to increase the import by 1.37% in the short run and 0.97% in the long run respectively. Similarly, the elasticity coefficient of import with respect to GDP is found 0.24 and 0.14 in the short and long run respectively. It implies that a 1% increase in GDP leads to increase the import by 0.24% in the short run and 0.14% in the long run respectively. The elasticity coefficient of import with respect to CPI is found insignificant. These findings proved that the remittance is the key factor to increase the import in Nepal.","PeriodicalId":429534,"journal":{"name":"International Journal of Econometrics and Financial Management","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129386621","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}