International Journal of Economics and Finance最新文献_第2页

Islamic Financial Institutions and Stability: An Empirical Analysis 伊斯兰金融机构与稳定性：实证分析

International Journal of Economics and Finance Pub Date : 2024-05-25 DOI: 10.5539/ijef.v16n7p1

Ahmed Sameer El Khatib, José Roberto Ferreira Savoia

引用次数: 0

Export Intensity and Total Factor Productivity in Kenya’s Manufacturing Sector 肯尼亚制造业的出口强度和全要素生产率

International Journal of Economics and Finance Pub Date : 2024-05-25 DOI: 10.5539/ijef.v16n7p13

Dorothy Kimolo, Jennifer Njaramba, Laban Chesang

{"title":"Export Intensity and Total Factor Productivity in Kenya’s Manufacturing Sector","authors":"Dorothy Kimolo, Jennifer Njaramba, Laban Chesang","doi":"10.5539/ijef.v16n7p13","DOIUrl":"https://doi.org/10.5539/ijef.v16n7p13","url":null,"abstract":"Kenya has adopted an export-led manufacturing industrialization strategy as envisaged by many policy documents including the Kenya Vision 2030 which aimed at increasing the manufacturing share in Gross Domestic Product to 15 per cent by 2022. The share of manufactured exports in all exports was targeted at 60 per cent by 2022 as per the National Exports Development and Promotion Strategy. However, manufacturing sector’s productivity has been declining as demonstrated by its economic contribution which has averaged around 10 per cent from 2007 to 2022 and has persistently declined from 12.79 per cent in 2007 to 7.83 per cent in 2022 pointing towards premature deindustrialization. Besides, from 2007 to 2022, the share of total exports made up of manufactured goods averaged 33 per cent. The study aimed to estimate firms’ total factor productivity (TFP) and examine the impact of export activity on firms’ TFP in Kenya’s manufacturing industry. Firm TFP was computed utilizing the Levinsohn and Petrin (2003) technique. The study employed Propensity Score Matching and a dynamic panel model estimated using the generalized methods of moments technique, to analyze the effect of exporting on firms TFP. Export intensity, labor productivity and management experience had positive effects on firm’s TFP. However, firm size and capital intensity had negative effects on TFP. Based on the study findings, the government should emphasize on export promotion policies as well as adoption of labor intensive technologies in Kenya’s manufacturing sector.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"10 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141098522","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

Inequality and the Equalization Fund in Brazil: Redefining Strategies 巴西的不平等与均衡基金：重新定义战略

International Journal of Economics and Finance Pub Date : 2024-04-22 DOI: 10.5539/ijef.v16n6p31

Ricardo da Costa Nunes, André Nunes, Celso Vila Nova de Souza Junior, Alexandre Nascimento de Almeida

{"title":"Inequality and the Equalization Fund in Brazil: Redefining Strategies","authors":"Ricardo da Costa Nunes, André Nunes, Celso Vila Nova de Souza Junior, Alexandre Nascimento de Almeida","doi":"10.5539/ijef.v16n6p31","DOIUrl":"https://doi.org/10.5539/ijef.v16n6p31","url":null,"abstract":"This article examines Brazilian states’ per capita income convergence from 1990 to 2020. A reduction in state inequalities was observed, attributed to the redistribution of resources through the State Participation Fund (FPE) and Constitutional Funds and the Municipal Participation Fund and transfers for health and education, benefiting federative entities with lower per capita incomes. However, a significant volume of resources aimed at income redistribution was characterized by overlapping actions, whose results were not evaluated in isolation. Moreover, while historically, less economically advantaged states strive to reach the national average, more economically advantaged states tend to maintain or enhance their relative positions. Barro’s analysis (2001) suggests that equalization funds, by benefiting entities with lower GDP per capita, discourage governors from promoting the state’s economic development, as this would imply a loss of FPE resources. This situation would be a government failure commonly pointed out by authors of the Public Choice School. In light of this, this study proposes a revision of the FPE distribution criteria, reducing the emphasis on the inverse of per capita income and including variables such as population, collection effort, and state size, aiming to promote a more effective and equitable convergence of per capita income in the Brazilian federation.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"13 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140674447","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

Prospects of Post-Conflict Foreign Direct Investments in Ukraine Through the Lens of Dunning’s Eclectic Paradigm 从邓宁的折衷范式看冲突后外国直接投资在乌克兰的前景

International Journal of Economics and Finance Pub Date : 2024-04-22 DOI: 10.5539/ijef.v16n6p43

Vivian Nasrulddin

引用次数: 0

Research on Asset Inheritance of High Net Worth Family Trust in Recent Years 近年来高净值家族信托的资产传承研究

International Journal of Economics and Finance Pub Date : 2024-04-18 DOI: 10.5539/ijef.v16n6p24

Ya Yujia

{"title":"Research on Asset Inheritance of High Net Worth Family Trust in Recent Years","authors":"Ya Yujia","doi":"10.5539/ijef.v16n6p24","DOIUrl":"https://doi.org/10.5539/ijef.v16n6p24","url":null,"abstract":"In recent years, with the rapid development of social economy and the acceleration of wealth accumulation, family trust has gradually attracted widespread attention and application as an asset inheritance tool. As a special wealth management tool, family trust aims to help families maintain wealth and achieve long-term wealth inheritance goals. In the research of predecessors, it mainly expounds the unique advantages of family trust on the basis of the huge demand for wealth inheritance in the Chinese market. The obstacles encountered by family trust in China’s localisation and the innovation model proposed in response to the obstacles. In these studies, a series of problems arising from different policies and stages of development of the country have been ignored. With the economic development, the market demand for China’s wealth inheritance continues to expand, and the Chinese government and related institutions are also gradually reforming. On this basis, this article uses the literature analysis method to understand the new policies proposed in family trusts in China and the practical problems faced by high-net-worth families in the post-epidemic era by consulting a large number of materials. Then use the comparative analysis method to summarise the development of family trusts in China through the research and comparison of family trusts in different countries, put forward constructive opinions on the inheritance of family assets with high net worth in China, discuss the research progress of family trust in the field of asset inheritance in recent years with a thinking method, and analyse it in different cultures. And the application and impact in the legal context.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":" 46","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140688244","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

China’s Greenfield Investment and African Countries’ Green Growth Under the Belt and Road Initiative 中国的绿地投资与非洲国家在 "一带一路 "倡议下的绿色增长

International Journal of Economics and Finance Pub Date : 2024-04-15 DOI: 10.5539/ijef.v16n6p1

Zhaoke Zhang

{"title":"China’s Greenfield Investment and African Countries’ Green Growth Under the Belt and Road Initiative","authors":"Zhaoke Zhang","doi":"10.5539/ijef.v16n6p1","DOIUrl":"https://doi.org/10.5539/ijef.v16n6p1","url":null,"abstract":"Though in recent years African countries have experienced rapid economic growth, there is a growing need for them to accelerate the process of green growth to address challenges like climate change and depletion of natural resources. Under the framework of Belt and Road Initiative, this paper empirically examines the impact of China’s greenfield investment on green growth of African countries based on the STIRPAT model, using panel data of 37 African countries from 2003 to 2020. The results show that China’s greenfield investment can significantly contribute to green growth of African countries, including the improvement of energy productivity, CO2 productivity and non-energy material productivity, which confirms the validity of the “Pollution Halo Hypothesis” in the African region, and improvements in institutional quality can increase the contribution of greenfield investments. Compared with global greenfield investment, China is playing an important role in the green growth of African countries. The research in this paper expands the existing literature on investment and green growth, helps to grasp the reality of the environmental effects of China’s greenfield investment in Africa, and provides empirical evidence and policy support for Sino-African economic and trade cooperation and the high-quality green development of the “Belt and Road”.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"54 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140700229","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

Nonlinear Dynamic Impact of Electricity Consumption on Economic Growth in Odisha: A Disaggregated Causality Analysis 奥迪沙邦电力消费对经济增长的非线性动态影响：分类因果关系分析

International Journal of Economics and Finance Pub Date : 2024-04-15 DOI: 10.5539/ijef.v16n6p13

Upendra Nath Behera, A. Mohanty

{"title":"Nonlinear Dynamic Impact of Electricity Consumption on Economic Growth in Odisha: A Disaggregated Causality Analysis","authors":"Upendra Nath Behera, A. Mohanty","doi":"10.5539/ijef.v16n6p13","DOIUrl":"https://doi.org/10.5539/ijef.v16n6p13","url":null,"abstract":"The paper examines the causal link between electricity consumption and Odisha’s economic growth using linear and nonlinear causality tests in annual data from 1981 to 2020. The study uses both linear and non-linear causality on aggregate and sectoral data. Based on the empirical analysis, the study finds that electricity consumption strongly granger causes state’s economic growth. Further, sectoral-level analysis shows that electricity consumption exhibits a strong causal relationship with the primary, secondary, and tertiary sectors. This finding is consistent for both linear and non-linear granger causality tests. Moreover, the estimation of long-run elasticity reveals that both secondary and tertiary sectors have greater than unity elasticity whereas the primary sector has less than unity elasticity. The rolling elasticity shows that elasticity is increasing over time and across the sectors, barring the tertiary sector. More mechanized activities in the primary sector will increase the consumption of electricity and more value addition to the economic growth of the state. The policy intervention would be to reduce electricity losses (leakages) as well as increase the production of electricity to increase economic growth. Considering the greater role of electricity in the state’s economic progress, intervention from both the state government and the Odisha Electricity Regulatory Commission, the regulatory body of the state, is very much essential.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"58 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140700551","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

Assessing the Viability of the East African Community as a Monetary Union 评估东非共同体作为货币联盟的可行性

International Journal of Economics and Finance Pub Date : 2024-04-05 DOI: 10.5539/ijef.v16n5p54

Aberra Senbeta, Subhadra Ganguli

{"title":"Assessing the Viability of the East African Community as a Monetary Union","authors":"Aberra Senbeta, Subhadra Ganguli","doi":"10.5539/ijef.v16n5p54","DOIUrl":"https://doi.org/10.5539/ijef.v16n5p54","url":null,"abstract":"The objective of this paper is to evaluate the feasibility of the East African Community (EAC) in establishing a successful monetary union. Despite its strong interest and progress, the East African Community (EAC) faces substantial challenges in pursuing a single-currency monetary union. A careful examination of trade data and evaluation of the convergence criteria supports a cautious move toward forming a monetary union rather than its formation for political expediency. The compliance of EAC countries in achieving the target levels of the convergence criteria is, at best, mixed. Mainly, achieving low inflation rates, maintaining lower budget deficit-to-GDP and debt-to-GDP ratios, and building robust foreign reserves were weak. Despite the divergence among member countries in attaining a low and stable inflation rate, overall strong co-movement in inflation rates and the ability to maintain an average inflation rate near the target of eight percent is encouraging. External factors, such as rising financing costs, de-globalization efforts, and geopolitical tensions, complicate the establishment of a monetary union and create uncertainty about its potential benefits. In addition to these new developments, weak trade complementarity, inadequate cross-border infrastructure, expansive non-tariff barriers, and different degrees of compliance with convergence make a speedy move towards monetary union risky. Addressing these observed potential problems before monetary union via harmonization of investment and economic policies, creating robust institutions that foster trust and regional cooperation will mitigate economic and political rivalry and aid in forming an effective monetary union.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"13 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140739896","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

Significance of Synergetic Strategy of Factors, Infrastructure Development, and Trade in Regional Integration—A Case Study of the Yangtze River Delta Region 要素、基础设施建设和贸易协同战略在区域一体化中的意义--以长江三角洲地区为例

International Journal of Economics and Finance Pub Date : 2024-03-27 DOI: 10.5539/ijef.v16n4p103

Chuanjie Li, Yuhan Liu, Hao Chen

{"title":"Significance of Synergetic Strategy of Factors, Infrastructure Development, and Trade in Regional Integration—A Case Study of the Yangtze River Delta Region","authors":"Chuanjie Li, Yuhan Liu, Hao Chen","doi":"10.5539/ijef.v16n4p103","DOIUrl":"https://doi.org/10.5539/ijef.v16n4p103","url":null,"abstract":"The Yangtze River Delta (YRD) is one of the regions with the most dynamic economy, the highest degree of openness, and the strongest innovation capability in China, possessing crucial factor markets, infrastructure development, and population resources. With the progress of China’s reform and opening-up policies and economic development, the YRD has achieved remarkable economic growth and social progress over the past few decades. Research on the economic and social integration of the YRD aims to deeply understand the development status of factors, infrastructure development, and trade within the region, and to explore how to address issues of inter-regional cooperation, coordination, and integration in the corresponding direction. Comprehensive research methods, including desk research, quantitative analysis, and qualitative analysis, are need to adopted in this research. This paper primarily proves through data collection that the research on regional factors, infrastructure development, and trade integration in the YRD is of great significance for promoting regional synergetic development, optimizing resource allocation, and enhancing overall competitiveness.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"17 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140374979","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

A Note on the Nonlinearities of Brazilian Monetary Policy 关于巴西货币政策非线性的说明

International Journal of Economics and Finance Pub Date : 2024-03-25 DOI: 10.5539/ijef.v16n5p20

F. Mansilla, Elano Ferreira Arruda, Roberto Tatiwa Ferreira

引用次数: 0