{"title":"Can Conventional Monetary Policy Stimulate Bank Credit? Evidence from a Developing Country","authors":"Ahmed Kchikeche, Rachid El Fakir, Driss Mafamane","doi":"10.54694/stat.2023.54","DOIUrl":"https://doi.org/10.54694/stat.2023.54","url":null,"abstract":"The predominance of bank credit in financing the economies of less developed countries is prompting policymakers to stimulate this mode of financing. This study tests the ability of conventional monetary policy to stimulate the supply of bank credit to the private sector in Morocco. Based on the lending channel as a theoretical framework, an analytical framework to explore the conduct of monetary policy and the preconditions for the functioning of this channel was developed. In addition, a test of the impact of monetary policy on credit supply was conducted using bank-level data from a representative sample of the Moroccan banking sector. The results show that demand factors and the quality of potential borrowers are the main drivers of bank credit growth. They also show that monetary policy in Morocco directly affects credit growth. However, no evidence that this impact is mediated through credit supply was provided, indicating that the credit channel is not operational in Morocco. The policy implications of these results are discussed.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"3 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141341134","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}
A. Kaščáková, Miroslava Knapková, Miriam Martinkovičová
{"title":"Dependent Self-Employment in Slovakia – Opportunity or Necessity?","authors":"A. Kaščáková, Miroslava Knapková, Miriam Martinkovičová","doi":"10.54694/stat.2023.45","DOIUrl":"https://doi.org/10.54694/stat.2023.45","url":null,"abstract":"Recently, the European labour market has witnessed a shift in work structures, notably with self-employed individuals without employees. Many of these individuals are performing self-employment involuntarily, aiming for stable full-time employment. Due to insufficient income, instability, limited career prospects, and inadequate access to social protection, they are dissatisfied with their self-employed status. This dissatisfaction could potentially affect their overall job satisfaction and performance. The goal of this study, conducted on the basis of original primary survey among self-employed persons in Slovakia in 2022, is to explore the motivations influencing self-employment. Specifically, the research aims to examine the initial driving factors behind self-employment among 306 individuals, categorized into 194 traditional independent selfemployed and 112 economically dependent self-employed persons. Results indicate that among economically dependent self-employed persons, necessity-driven motives prevail, particularly necessity to enter family business, job loss, and employer-induced self-employment. For traditional independent self-employed persons, opportunity-driven motives predominate, notably pursuit of better working conditions, desire for independence, and efforts to earn more.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"76 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141338011","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":"Identification of Digital Divide across Indonesian Provinces: the Analysis of Key Factors","authors":"Dwi Ana Ratna Wati, A. Čaplánová, Ľubomír Darmo","doi":"10.54694/stat.2024.3","DOIUrl":"https://doi.org/10.54694/stat.2024.3","url":null,"abstract":"Despite the economic and societal benefits of digitalisation and digital transformation, it is necessary to map country's digital conditions and identify the digital divide to formulate an effective strategy. The digital divide should be measured periodically to monitor progress and determine continuous improvement. This paper identifies the current digital divide among provinces in Indonesia. The study uses the hierarchical agglomerative clustering method based on The Indonesian Digital Society Index data from the Ministry of Communication and Informatics. It also analyses some key factors of the digital divide based on data from the Indonesian Bureau of Statistics using the multiple linear regression model. The results show three types of the digital divide across Indonesian provinces related to access, usage, and outcomes of information and communication technology. Gross Regional Domestic Product per capita, Wage/Salary, Proportion of Formal Labor, and Size of the Working-Age Population are identified as factors significantly affecting the digital divide.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"38 14","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141344010","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":"Analyzing Determinants of Spatial Patterns in Total and Industrial Electricity Consumption in Turkey","authors":"Semra Türkan","doi":"10.54694/stat.2024.2","DOIUrl":"https://doi.org/10.54694/stat.2024.2","url":null,"abstract":"This research investigates the spatial correlation among per capita electricity consumption, per capita industrial electricity consumption, and economic growth by employing various regression models, including linear regression, geographically weighted regression, and multi-stage geographically weighted regression. The primary goal is to illustrate the presence of spatial effects in the connection between electricity consumption and economic growth. In this context, this study made for Turkey distinguishes itself from previous research by utilizing the multi-stage spatially weighted regression model to examine this relationship. The findings reveal that the multi-scale spatial regression model is the most effective in explaining the relation between economic growth at the provincial level and per capita electricity consumption and per capita industrial electricity consumption. Moreover, the study emphasizes that per capita Gross Domestic Product emerges as the most influential regional economic indicator when assessing its impact on per capita electricity consumption and per capita industrial electricity consumption.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"56 41","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141344779","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":"Cointegration Analysis of Stock Indices and Money Supply M2 in Selected Countries","authors":"Richard Synek, Jitka Veselá","doi":"10.54694/stat.2024.7","DOIUrl":"https://doi.org/10.54694/stat.2024.7","url":null,"abstract":"This paper focuses on the examination of the long-run relationship between money supply and selected national and global stock indices. Detailed knowledge of this relationship can be used by analysts, investors and monetary policy makers. Analysis of the relationship was performed using a 2-stage Engle-Granger cointegration. First, the stationarity of the time series was tested, then both the long-term OLS model and the short-term EC model were estimated. Time series were always tested on the longest period for which data were available. The longterm dependence of stock indices on the respective M2 was confirmed for the BOVESPA, FTSE100, S&P/BMV IPC, S&P BSE500, TSX and The 5000 Wilshire Small Cap Price Return indices. In contrast, the dependence between world money supply indicator GlobalM2, the stock index FTSEALL World, and the S&P500 index was not demonstrated. Additionally, no dependence was identified between the respective M2 and the DAX, PX, Nikkei225, KOSPI, SMI, SPCITIC300, Eurostoxx50, Willshire5000PR and ATX indices. Backward dependence of M2 on the stock index was found only for the Chinese SPCITIC300 index.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"61 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141342374","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}
Barbora Linhartová Jiřičková, Táňa Dvornáková, Jiří Vopravil
{"title":"Statistics on Income and Living Conditions (SILC) Survey in the Czech Republic: Methodology and History","authors":"Barbora Linhartová Jiřičková, Táňa Dvornáková, Jiří Vopravil","doi":"10.54694/stat.2023.43","DOIUrl":"https://doi.org/10.54694/stat.2023.43","url":null,"abstract":"EU-SILC is a survey focused mainly on mapping income and living conditions of households. In the Czech Republic, the survey has been conducted annualy since 2005 under the name “Životní podmínky” (Living Conditions). Each year, approximately 10 thousand households are surveyed – around one quarter of these households for the first time, while the rest repeatedly as part of the four-year rotating panel. As the EU-SILC has a uniform methodology for all participating countries, the results for the Czech Republic can be compared with other European countries or with the EU average. The Living Conditions survey was introduced in the context of the Czech Republic´s integration into the EU. However, similar surveys focused on households and their current living situation have been conducted regularly in the former Czechoslovakia since 1956. This article focuses primarily on methodology of SILC, but also offers a brief overview of the living conditions surveys in former Czechoslovakia and in present-day Czech Republic.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"30 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141340600","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":"Effect of Energy Consumption on Green Bond Issuance","authors":"Çağatay Mirgen, Yusuf Tepeli","doi":"10.54694/stat.2023.18","DOIUrl":"https://doi.org/10.54694/stat.2023.18","url":null,"abstract":"Green Bonds are fixed-income securities specifically designed to support climate and environmental projects. The demand for the green bond market is growing every day. Green Bonds are gaining importance as they appeal to environmentally conscious investors and are financial instruments that provide economic benefits. The main motivation of this study is to determine whether energy consumption has an effect on green bond issuance. In this context, the relationship between the green bond issuance amounts of 12 countries, including Australia, Canada, China, France, Germany, Japan, the Netherlands, New Zealand, Norway, Sweden, England and the United States, in the years 2014–2021 and the amount of energy consumption in the same period are analysed by panel data analysis. The findings show that there is a significant relationship between coal, peat and oil shale, oil products, natural gas, renewables and waste, electricity and total energy consumption. In the expected direction there is a linear relationship between sustainable energy resources and the green bond issuance.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"23 25","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141341083","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":"Trade Integration of India with South and Central Asia: Evidence from Gravity Model","authors":"Suadat Hussain Wani, Effat Yasmin","doi":"10.54694/stat.2023.35","DOIUrl":"https://doi.org/10.54694/stat.2023.35","url":null,"abstract":"The present study investigates exports of India with selected South and Central Asian countries and their top trade partners. The panel data from 1996–2020 is used and PPML estimation technique which takes care of heterogeneity, zero trade and endogeneity is applied. In addition to basic variables, institutional setup in selected countries is included in the model to get better results. To check robustness of results, in addition to PPML, Heckman selection model is also estimated. The findings indicate that institutions play an important role in export promotion of India to these countries. Among various institutional factors, effectiveness of government in different aspects has considerable influence on exports from the country. The study concludes that institutional quality needs to be improved to enhance trade cooperation of India with these countries.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"83 S12B","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140238471","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}
Imade Yoga Prasada, A. Dhamira, Dinda Dewi Aisyah, Ayu Putri Merry Anisya, Rizqika Puspajanati
{"title":"Impact of Tobacco Taxation on Rural-Urban Cigarette Consumption in Indonesia","authors":"Imade Yoga Prasada, A. Dhamira, Dinda Dewi Aisyah, Ayu Putri Merry Anisya, Rizqika Puspajanati","doi":"10.54694/stat.2023.29","DOIUrl":"https://doi.org/10.54694/stat.2023.29","url":null,"abstract":"Tobacco taxes in Indonesia have always been increasing over the past period. However, little was known about the impact of increasing tobacco taxes on cigarette consumption in urban and rural communities. Therefore, we examine the impact of implementing tobacco taxation policies in Indonesia on cigarette consumption levels in urban and rural areas. This study uses panel data for the 2007–2022 period from 33 provinces in Indonesia. Data were sourced from the Central Bureau of Statistics of the Republic of Indonesia and the Ministry of Finance of the Republic of Indonesia and were analyzed using the two-stage least squares (2SLS) model and the propensity score matching (PSM) model. Our finding shows that increased tobacco taxes negatively impact cigarette consumption in urban and rural areas. Even so, the decline in cigarette consumption in urban areas is still much lower than the reduction in rural areas.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"20 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140239023","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":"Diffusion of Mobile Technologies in the Area of Financial and Insurance Activities in Poland","authors":"M. Salamaga","doi":"10.54694/stat.2023.47","DOIUrl":"https://doi.org/10.54694/stat.2023.47","url":null,"abstract":"The diffusion of innovation in the area of banking and certain financial services is a topic eagerly taken up in empirical research, but in the case of Poland the study of this phenomenon in the area of finance and banking that utilizes the econometric models in question is practically non-existent. This article attempts to fill this research gap to some extent. The main objective of the article is to present a comparative analysis of the rate of mobile technologies diffusion among 3 groups of enterprises in the financial and insurance sectors: banking and lending, insurance and reinsurance, and brokerage and other activities. The occurrence of diffusion of mobile technologies and its rate was studied with the help of a logistic function. Results show that in companies operating in the insurance industry, the phase of rapid growth of mobile innovation diffusion lasted longer than in other groups of enterprises, but the highest dynamics of mobile innovation diffusion in the first phase of this phenomenon was achieved by companies conducting brokerage and other activities.","PeriodicalId":508966,"journal":{"name":"Statistika: Statistics and Economy Journal","volume":"55 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140238534","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}