Global Economy Journal最新文献_第9页

STOCK MARKET REACTION TO BREXIT ANNOUNCEMENTS: EVIDENCE FROM A NATURAL EXPERIMENT 股市对英国脱欧公告的反应:来自自然实验的证据

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Global Economy Journal Pub Date : 2019-09-01 DOI: 10.1142/s2194565919500180

Júlio Lobão, S. Santos

引用次数: 2

DISCLOSURE DECISION IN AN ENTRY GAME WITH COSTLY INFORMATION INTERPRETATION 具有昂贵信息解释的进入博弈中的披露决策

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Global Economy Journal Pub Date : 2019-05-21 DOI: 10.1142/S2194565919500052

Eda Orhun

引用次数: 1

GOVERNANCE EFFICIENCY, ECONOMIC SECURITY AND FEDERALISATION. THE EUROPEAN UNION AT CROSSROADS — IS IT TIME FOR CONSOLIDATION? 治理效率、经济安全和联邦化。欧盟正处于十字路口——是时候进行整合了吗?

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Global Economy Journal Pub Date : 2019-05-21 DOI: 10.1142/S2194565919500039

Augustin Ignatov

{"title":"GOVERNANCE EFFICIENCY, ECONOMIC SECURITY AND FEDERALISATION. THE EUROPEAN UNION AT CROSSROADS — IS IT TIME FOR CONSOLIDATION?","authors":"Augustin Ignatov","doi":"10.1142/S2194565919500039","DOIUrl":"https://doi.org/10.1142/S2194565919500039","url":null,"abstract":"The European Union (EU) has certainly reduced its influence in the global economic affairs. Despite the fact that it unites 28 nations, including the former great powers such as the United Kingdom, Germany, France and Italy, the political and economic power of the community has considerably decreased starting with the second half of 2000s. The present research is undertaken with the aim of increasing the readers’ awareness regarding the necessity of enforcing the EU economic security through consolidating the authority of the supranational bodies in relation with national representatives. The objectives to be reached in this regard include assessing how much the governance efficiency alternations among the EU member countries influence the efficiency of the single market in a globalised society. It was found that several processes determined the decline of Europe’s strength including raising globalisation and increasing competition, economic weaknesses of the EU which worsened during the crisis, stagnation of the integration process, feeble leadership and lack of resoluteness, especially in the most developed EU nations, declining adherence to “core” values, migration crisis, little political commitment to protecting EU’s citizens’ interests, and countries’ individualism in promoting key initiatives.","PeriodicalId":44015,"journal":{"name":"Global Economy Journal","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78972690","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: 1

MODEL FOR PROGNOSIS OF ECONOMIC GROWTH: ACCOUNTING OF INFLUENCE OF THE ENVIRONMENT 经济增长预测模型:环境影响的核算

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Global Economy Journal Pub Date : 2019-05-21 DOI: 10.1142/S2194565919500076

E. Pankratov

引用次数: 3

ANALYZING THE DETERMINANTS OF THE EUROPEAN UNION’S REGIONAL ECONOMIC DEVELOPMENT 欧盟区域经济发展的决定因素分析

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Global Economy Journal Pub Date : 2019-05-21 DOI: 10.1142/S2194565919500027

Augustin Ignatov

{"title":"ANALYZING THE DETERMINANTS OF THE EUROPEAN UNION’S REGIONAL ECONOMIC DEVELOPMENT","authors":"Augustin Ignatov","doi":"10.1142/S2194565919500027","DOIUrl":"https://doi.org/10.1142/S2194565919500027","url":null,"abstract":"The European Union (EU) is a heterogeneous political and economic structure comprising 28 nations, differing in terms of size, population, economic development and institutional efficiency. National socio-economic context determines countries’ growth potential and their ability to compete for foreign markets. The socio-economic discrepancies present, respectively, between the Western, Northern, Southern and Eastern EU nations still persist, thus reducing the community’s ability to compete on the global market, especially with the USA, Japan and China, which are considered the main powerhouses of the world’s economy capable of challenging economic positions of the European Union. Consequently, the present research aims to assess to which extent economic growth determinants in the European Union differ taking into account the regional context. An individual per region regression analysis was developed intending to identify which are the determinants of economic development at the level of EU’s geographical regions. The results reached confirm this assumption underlining the fact that there are significant dissimilarities between the motivators of economic progress in the EU. This fact should particularly concern the European elites as these variations determine the further accentuation of development disparities not only among the countries but also between entire groups of states.","PeriodicalId":44015,"journal":{"name":"Global Economy Journal","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81710435","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: 1

FDI AS A CONTRIBUTING FACTOR TO ECONOMIC GROWTH IN BURKINA FASO: HOW TRUE IS THIS? 外国直接投资是布基纳法索经济增长的一个促进因素:这是真的吗?

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Global Economy Journal Pub Date : 2019-05-21 DOI: 10.1142/S2194565919500040

Zezethu Zandile, A. Phiri

引用次数: 11

THE EFFECT OF GOVERNANCE ON FOREIGN DIRECT INVESTMENT IN LATIN AMERICA — ISSUES OF MODEL SELECTION 治理对拉丁美洲外商直接投资的影响——模式选择问题

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Global Economy Journal Pub Date : 2019-03-01 DOI: 10.1142/S2194565919500064

Flóra Panna Biró, L. Erdey, J. Gáll, Á. Márkus

{"title":"THE EFFECT OF GOVERNANCE ON FOREIGN DIRECT INVESTMENT IN LATIN AMERICA — ISSUES OF MODEL SELECTION","authors":"Flóra Panna Biró, L. Erdey, J. Gáll, Á. Márkus","doi":"10.1142/S2194565919500064","DOIUrl":"https://doi.org/10.1142/S2194565919500064","url":null,"abstract":"This paper examines the impact of good governance on foreign direct investment (FDI) in the Latin American countries. Even though the FDI inflows in the region are relatively high, which can be explained by the level of development of the target countries, their connections with developed countries and the available natural resources, only a few papers have examined what kind of other factors make these countries more attractive for foreign investments. This study has two main goals. First, the gravity model is used to show whether the quality of governance measured by any of the World Governance Indicators (WGI) affects the inward FDI in Latin America. Second, following the recent trend in the gravity literature, the performance of different ordinary least squares (OLS) specifications are tested and compared to the Poisson pseudo-maximum likelihood (PPML) estimator which is a natural alternative approach. Results according to the most efficient estimation show that good governance is mostly a factor of attractiveness but its significance depends on which indicator is used to proxy it. Our analysis also demonstrates that using a truncation on the sample or manipulating the data by adding a small number to the dependent variable makes the OLS parameter estimates extremely sensitive and yields biased, inconsistent, and inefficient results together with bad estimation of total FDI. Furthermore, the PPML method provides far better value for several indicators of goodness of fit. Thus, we argue that the PPML method should be preferred not just in trade but also in FDI gravity models.","PeriodicalId":44015,"journal":{"name":"Global Economy Journal","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75370518","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: 8

Effects of Economic Globalization, Foreign Capital Influx on Export in ECOWAS 经济全球化、外资流入对西非经共体出口的影响

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Global Economy Journal Pub Date : 2018-09-01 DOI: 10.1515/gej-2018-0055

Ousseini Amadou Maiga, Xiaojuan Hu, T. Metuge Mekongcho, Salifou Kigbadjah Coulibaly

{"title":"Effects of Economic Globalization, Foreign Capital Influx on Export in ECOWAS","authors":"Ousseini Amadou Maiga, Xiaojuan Hu, T. Metuge Mekongcho, Salifou Kigbadjah Coulibaly","doi":"10.1515/gej-2018-0055","DOIUrl":"https://doi.org/10.1515/gej-2018-0055","url":null,"abstract":"Abstract The relationships between globalization, foreign direct investment (FDI), and exports (trade) have been the subject of in-depth studies leading to mixed and inconclusive results. This study investigates how globalization and FDI influence and affect export, as well as the responsiveness of exports to globalization shocks in the West African ECOWAS region over the period 1980–2014. To investigate these phenomena, the study uses Panel VAR, cointegration methods and long-run estimation methods to estimate the short-run, cointegration and long-run relationships, as well as the responsiveness of export shocks due to economic globalization and FDI. The Panel VAR and Granger causality test results showed that there is a positive and significant effect as well as a causal relationship between economic globalization, non-export GDP, and short-term exports. Further, the study also shows that there is no significant effect and no causal relationship between FDI and exports in the short-run, but, FDI has a positive and significant relationship with export in the long-run in the ECOWAS region. The cointegration and long-run analysis showed the existence of cointegration and a long-run relationship between exports and the regressors included in this study.","PeriodicalId":44015,"journal":{"name":"Global Economy Journal","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77516674","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: 6

What is the Spillover Effect of the U.S. Equity and Money Market on the Key Latin American Agricultural Exports? 美国股票和货币市场对拉美主要农产品出口的溢出效应是什么?

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Global Economy Journal Pub Date : 2018-08-31 DOI: 10.1515/gej-2018-0060

Lya Sierra, Luis Eduardo Girón, V. Girón, Andrés Girón

引用次数: 4

Regional Development Discrepancies in the Eastern European Union Analysed through the Prism of Growth Determinants 从增长决定因素的棱镜分析东欧地区发展差异

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Global Economy Journal Pub Date : 2018-08-31 DOI: 10.1515/gej-2018-0078

Augustin Ignatov

{"title":"Regional Development Discrepancies in the Eastern European Union Analysed through the Prism of Growth Determinants","authors":"Augustin Ignatov","doi":"10.1515/gej-2018-0078","DOIUrl":"https://doi.org/10.1515/gej-2018-0078","url":null,"abstract":"Abstract The twenty-first century is characterised by major shifts in the global economic paradigms. Europe constantly diminishes its importance in the world slowly drifting towards the secondary roles in determining the progress of human civilisation. The European Union as the main integrational structure on the continent is set to offer Europe a global perspective and consolidate the member countries’ common influence in international relations. Several enlargement waves were undertaken comprising countries of different economic development level. The main mechanism of the European Union in enhancing the economic cohesion among the member states is the Regional policy. The largest portion of financing is allocated towards enhancing the economic potential of least developed EU regions. Considering this fact, the present research is set to analyse the inter-regional development discrepancies in the Eastern European countries i. e. Poland, Hungary, Czech Republic, Slovakia, Romania and Bulgaria in the context of raising global competition and to identify the key economic growth determinants of the nations. The results underline that there is a strong necessity to empower the prerogatives of the EU to increase its ability to decide the issues related to discrepancies reduction, infrastructure investments and improvement of the regional business opportunities.","PeriodicalId":44015,"journal":{"name":"Global Economy Journal","volume":null,"pages":null},"PeriodicalIF":0.7,"publicationDate":"2018-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86004844","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: 2