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Examining financial growth nexus of emerging European countries 考察新兴欧洲国家的金融增长关系

Review of Economic and Political Science Pub Date : 2023-10-30 DOI: 10.1108/reps-11-2022-0090

Nafisa Ahmad, Md. Abul Kalam Azad

{"title":"Examining financial growth nexus of emerging European countries","authors":"Nafisa Ahmad, Md. Abul Kalam Azad","doi":"10.1108/reps-11-2022-0090","DOIUrl":"https://doi.org/10.1108/reps-11-2022-0090","url":null,"abstract":"Purpose Besides the extensive research on managerial efficiency in the financial sector worldwide, emerging economies in Europe remain untapped. This research scrutinises the impact of managerial performance and competitive structures on their financial industry growth in terms of services they offer and ability to liquefy stock in capital markets. Design/methodology/approach This study contains data from selected emerging European countries' during the period of 2010–2020. This study uses data from the Heritage Foundation's Index of Economic Freedom to control for firm-level indicators. The fixed-effects (FE) method was used to explore the nexus between financial sector growth and management performance as well as competitive firm structure. Findings The findings provide evidence of the existing impact of firm indicators on the financial sector's growth. Two-step system the generalized method of moments (GMM) estimations are used for the robustness check of the authors' model. Whilst on a scavenger hunt through existing literature, the authors realise that there is an overwhelming lack of enthusiasm in this field. Originality/value With the intention of better assessment, the authors use regulatory contextual variables to look for any possible impacts and surprisingly discover a pattern in the financial growth nexus.","PeriodicalId":471768,"journal":{"name":"Review of Economic and Political Science","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136018768","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

The impact of personal remittance and RMG export income on income inequality in Bangladesh: evidence from an ARDL approach 个人汇款和RMG出口收入对孟加拉国收入不平等的影响:来自ARDL方法的证据

Review of Economic and Political Science Pub Date : 2023-10-24 DOI: 10.1108/reps-01-2023-0004

Md. Saiful Islam, Abul Kalam Azad

{"title":"The impact of personal remittance and RMG export income on income inequality in Bangladesh: evidence from an ARDL approach","authors":"Md. Saiful Islam, Abul Kalam Azad","doi":"10.1108/reps-01-2023-0004","DOIUrl":"https://doi.org/10.1108/reps-01-2023-0004","url":null,"abstract":"Purpose Personal remittance and ready-made garments (RMG) export incomes have emerged as the largest source of foreign income for Bangladesh's economy. The study investigates their impact on income inequality and gross domestic product (GDP) as a control variable, using time-series yearly data from 1983 to 2018. Design/methodology/approach It employs the Autoregressive Distributed Lag (ARDL) estimation and the Toda-Yamamoto (T-Y) causality approach. The ARDL estimation outcomes confirm a long-run association among the above variables and validate the autoregressive characteristic of the model. Findings Personal remittances positively contribute to reducing the income gap among the people of the society and declining income inequality. In contrast, RMG export income and economic growth contribute to further income inequality. The T-Y causality analysis follows the ARDL estimation outcomes and authenticates their robustness. It reveals a feedback relationship between remittance inflow and the Gini coefficient, unidirectional causalities from RMG export income to income inequality and economic growth to income inequality. Research limitations/implications The finding has important policy implications to limit the income gaps between low and high-income groups by channeling incremental income to the lower-income group people. The policymakers may facilitate further international migration to attract further remittances and may upgrade the minimum wage of the RMG workers. Originality/value The study is original. As far as the authors' knowledge goes, this is a maiden attempt to investigate the impact of personal remittances and RMG export income on income disparity in the case of Bangladesh.","PeriodicalId":471768,"journal":{"name":"Review of Economic and Political Science","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135220092","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