International Journal of Economic Policy最新文献

{"title":"The Rise of Bitcoin ETFs and its Impact on Existing Crypto Currency Exchanges","authors":"Nikhil Jarunde","doi":"10.47941/ijecop.1995","DOIUrl":"https://doi.org/10.47941/ijecop.1995","url":null,"abstract":"The emergence of Bitcoin Exchange-Traded Funds (ETFs) marks a significant milestone in the evolution of cryptocurrency investment. This research paper investigates the potential impact of Bitcoin ETFs on existing cryptocurrency exchanges, focusing on liquidity dynamics and institutional investment trends. By examining the mechanisms through which ETFs may draw liquidity away from direct Bitcoin exchanges, this study aims to shed light on the evolving landscape of cryptocurrency trading. Additionally, the paper explores the potential for Bitcoin ETFs to attract increased institutional investment in the cryptocurrency market, analyzing the factors that may contribute to this trend. Through a comprehensive analysis of market data and expert insights, this research provides valuable insights into the evolving relationship between Bitcoin ETFs and traditional cryptocurrency exchanges.","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"121 27","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141351881","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":"India's Digital Transformation: Opportunities and Challenges in the Digital Economy","authors":"Pratik Bansal","doi":"10.47941/ijecop.1947","DOIUrl":"https://doi.org/10.47941/ijecop.1947","url":null,"abstract":"India's digital transformation has emerged as a critical driver of economic growth, innovation, and social development. This paper explores the opportunities and challenges presented by India's digital economy. With the government's Digital India initiative and the rapid adoption of digital technologies, India stands at the forefront of global digital innovation. However, challenges such as digital divide, cybersecurity threats, and regulatory complexities pose significant hurdles to realizing the full potential of India's digital transformation. By analyzing current trends, identifying key opportunities, and addressing challenges, this study aims to provide insights into India's digital economy and its impact on various sectors.","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"6 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141266585","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":"The Role of Government Intervention in Mitigating Economic Shocks","authors":"Kate Mutoni","doi":"10.47941/ijecop.1763","DOIUrl":"https://doi.org/10.47941/ijecop.1763","url":null,"abstract":"Purpose: This study sought to explore the role of government intervention in mitigation economic shocks. \u0000Methodology: The study adopted a desktop research methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library. \u0000Findings: The findings reveal that there exists a contextual and methodological gap relating to the role of government intervention in mitigating economic shocks. Preliminary empirical review that government intervention plays a crucial role in stabilizing economies during periods of turbulence. Through an exploration of theories such as Keynesian economics, Monetarism, and New Classical Economics, it was found that a balanced approach utilizing both fiscal and monetary policies is effective in responding to economic challenges. Sector-specific impacts were also highlighted, showing that targeted government support, such as subsidies and effective regulation, can enhance resilience in sectors like manufacturing and energy. The study's findings suggest that policymakers should adopt evidence-based strategies to navigate economic uncertainties and promote sustainable growth and stability. \u0000Unique Contribution to Theory, Practice and Policy: Keynesian Economics, Monetarism and the New Classical Economics model may be used to anchor future studies on the role of government intervention in mitigating economic shocks. The study made significant contributions by offering recommendations for policymakers and practitioners. It enhanced economic theory by synthesizing Keynesian economics, Monetarism, and New Classical Economics, providing insights into effective policy responses to economic crises. The study emphasized the importance of targeted government spending, a combination of monetary and fiscal policies, clear guidelines for bailouts, and building economic resilience through diversification and innovation. It also highlighted the need for stable regulatory frameworks, addressing inequality, and taking a holistic approach to policy-making. These recommendations have guided past policy decisions, helping to promote economic stability and resilience. \u0000Keywords: Government Intervention, Economic Shocks, Keynesian Economics, Monetarism, Fiscal Policy, Monetary Policy","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"130 49","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140369565","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":"Labor Market Reforms and Youth Unemployment","authors":"Andrew Makame","doi":"10.47941/ijecop.1762","DOIUrl":"https://doi.org/10.47941/ijecop.1762","url":null,"abstract":"Purpose: The general purpose of the study was to examine labor market reforms and youth employment. \u0000Methodology: The study adopted a desktop research methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library. \u0000Findings: The findings reveal that there exists a contextual and methodological gap relating to labor market reforms and youth employment. The study illuminated the intricate relationship between labor market reforms and youth unemployment, revealing both opportunities and challenges in tackling this issue. Analyzing empirical evidence from various studies provided insights into the effectiveness of different reform measures across different contexts. While some reforms, such as flexibility promotion and investment in human capital, showed promise in enhancing youth employment, others had mixed results. Future research directions include exploring interactions between labor reforms and macroeconomic factors and conducting longitudinal studies. Overall, the study emphasized the importance of nuanced reform approaches for inclusive economic growth, requiring collaboration among stakeholders and ongoing research for evidence-based policymaking. \u0000Unique Contribution to Theory, Practice and Policy: The Dual Labor Market theory, Human Capital theory and the Institutional theory may be used to anchor future studies on labor market reforms and youth unemployment. The study provided a comprehensive set of recommendations to address the challenges identified. These recommendations included adopting a multifaceted approach to labor market reforms, prioritizing investments in education and skills development, and fostering collaboration between stakeholders. The study emphasized the importance of active labor market policies (ALMPs), continuous monitoring and evaluation of reforms, and addressing structural barriers to youth employment. Additionally, policymakers were urged to prioritize youth entrepreneurship, enhance collaboration and knowledge sharing, and promote inclusive decision-making processes. Overall, the study offered practical strategies for policymakers, contributed to theory by highlighting the importance of evidence-based policymaking and stakeholder engagement, and informed future policy efforts to tackle youth unemployment effectively. \u0000Keywords: Labor Market, Reforms, Youth, Unemployment, Employment Policies, Economic Policy, Labor Force Participation","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"12 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140373439","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 Information Provision on Decision-Making","authors":"Jade Okello","doi":"10.47941/ijecop.1765","DOIUrl":"https://doi.org/10.47941/ijecop.1765","url":null,"abstract":"Purpose: The general purpose of the study was to explore the impact of information provision on decision making. \u0000Methodology: The study adopted a desktop research methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library. \u0000Findings: The findings reveal that there exists a contextual and methodological gap relating to information provision on decision making. The study offered significant insights into how information provision impacts decision-making across various domains. Through comprehensive review and synthesis of empirical evidence, it emphasized the crucial role of information quality and accessibility in shaping decision outcomes. Tailoring information provision strategies to diverse stakeholders' needs was highlighted, alongside the bidirectional relationship between information processing and decision outcomes. Ethical considerations, such as transparency and privacy, were stressed to ensure equitable decision outcomes. The findings underscored the transformative potential of effective information provision, offering actionable insights for stakeholders. Interdisciplinary collaborations and evidence-based interventions were advocated for driving positive societal change. \u0000Unique Contribution to Theory, Practice and Policy: The Information Processing theory, Theory of Planned Behaviour and Social Exchange theory may be used to anchor future studies on information provision on decision making. The study offers comprehensive recommendations across theoretical, practical, and policy domains. It calls for further theoretical exploration into cognitive processes underlying decision-making and interdisciplinary collaboration. Practically, it advocates for tailored information provision interventions that match diverse decision contexts and user preferences, alongside transparent and accessible information dissemination practices. Policy-wise, the study urges evidence-based communication strategies, regulatory frameworks promoting transparency and accountability, and educational initiatives fostering information literacy. These recommendations aim to empower individuals, organizations, and policymakers to navigate information landscapes effectively, promote informed decision-making, and address information inequalities. \u0000Keywords: Information Provision, Decision-Making, Stakeholders, Ethical Considerations","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"137 36","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140369629","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":"The Impact of Government Subsidies on Entrepreneurial Activities","authors":"Sarah Leonard","doi":"10.47941/ijecop.1764","DOIUrl":"https://doi.org/10.47941/ijecop.1764","url":null,"abstract":"Purpose: The objective of this study was to look into the impact of government subsidies on entrepreneurial activities. \u0000Methodology: The study adopted a desktop research methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library. \u0000Findings: The findings reveal that there exists a contextual and methodological gap relating to government subsidies and entrepreneurial activities. Preliminary empirical review revealed that that government subsidies played a crucial role in stimulating entrepreneurial activities by addressing barriers such as access to finance and technology. However, the effectiveness of subsidies varied depending on factors such as subsidy design and institutional context. While some subsidy programs showed positive outcomes in terms of promoting innovation and economic growth, others faced challenges such as bureaucratic inefficiencies. The study highlighted the importance of tailored subsidy design, transparency, and complementary policies for maximizing the impact of subsidies on entrepreneurship. \u0000Unique Contribution to Theory, Practice and Policy: The Resource Based theory, Agency theory and Institutional theory may be used to anchor future studies on the impact of government subsidies on entrepreneurial activities. The study made several recommendations to enhance the effectiveness of government subsidies in promoting entrepreneurship. These recommendations included tailoring subsidy programs to address specific needs, enhancing access to finance, strengthening entrepreneurial ecosystems, improving the regulatory environment, promoting inclusive entrepreneurship, and encouraging innovation and risk-taking. By implementing these recommendations, policymakers aimed to create a supportive environment for entrepreneurs to thrive, foster innovation, and drive economic growth and development. \u0000Keywords: Government Subsidies, Entrepreneurial Activities, Effectiveness, Tailoring Programs, Access to Finance, Entrepreneurial Ecosystems, Regulatory Environment, Inclusive Entrepreneurship","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"42 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140371621","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":"The Impact of Universal Basic Income on Labor Market Participation","authors":"Peter Ssentongo","doi":"10.47941/ijecop.1761","DOIUrl":"https://doi.org/10.47941/ijecop.1761","url":null,"abstract":"Purpose: This study sought to investigate the impact of Universal Basic Income on labour market participation. \u0000Methodology: The study adopted a desktop research methodology. Desk research refers to secondary data or that which can be collected without fieldwork. Desk research is basically involved in collecting data from existing resources hence it is often considered a low cost technique as compared to field research, as the main cost is involved in executive’s time, telephone charges and directories. Thus, the study relied on already published studies, reports and statistics. This secondary data was easily accessed through the online journals and library. \u0000Findings: The findings reveal that there exists a contextual and methodological gap relating to the impact of Universal Basic Income on labour market participation. Preliminary empirical review revealed the importance of considering both the short-term and long-term effects of Universal Basic Income (UBI) on labor market participation. While some evidence suggested that UBI may have led to modest reductions in employment rates, particularly among certain demographic groups or in specific contexts, the study recognized the broader societal benefits and trade-offs associated with implementing UBI policies. Additionally, the conclusion highlighted the need for nuanced policy design and implementation, considering UBI as a tool for promoting inclusive growth and addressing income inequality. Policymakers were urged to carefully consider the distributional effects of UBI and implement complementary social policies and institutional arrangements that support labor market participation. Overall, the conclusion underscored the complexity of the relationship between UBI and labor market participation, emphasizing the need for further research and experimentation to fully understand its potential effects and ensure its successful implementation. \u0000Unique Contribution to Theory, Practice and Policy: The Behavioural Economics theory, Human Capital theory and the Economic Sociology theory may be used to anchor future studies on the impact of Universal Basic Income on labor market participation. The study provided comprehensive recommendations for policymakers, contributed to theoretical advancements in understanding labor market dynamics, and offered practical insights for the implementation of UBI programs. Policymakers were advised to carefully design UBI policies to balance promoting labor market participation and providing financial security, considering the diverse impacts on different demographic groups. The study highlighted the importance of addressing disincentives to work, promoting inclusive growth, and continuously monitoring and evaluating UBI programs to assess their long-term impact. Additionally, the study emphasized leveraging UBI as a tool for social equity and economic empowerment. Through these recommendations, policymakers were able to make informed decisions to enhance labor market o","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"124 18","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140369957","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":"Inflation-Economic Growth Nexus in Nigeria: New Evidence on Threshold Effects","authors":"Morlai Bangura, J. Omojolaibi","doi":"10.47941/ijecop.1708","DOIUrl":"https://doi.org/10.47941/ijecop.1708","url":null,"abstract":"Purpose: The aim of this study is to analyze the influence of inflation on the economic growth of Nigeria from 1990 to 2021. Specifically, it aims to identify a threshold, if it exists, at which the impact of inflation on economic growth begins to shift. \u0000Methodology: To assess the inflation threshold and its impact on economic growth, this study employed a novel method, the endogenous sample-splitting and threshold model developed by Hansen (2000). \u0000Findings: The study reveals a non-linear relationship between inflation and economic growth in Nigeria, with a single inflation threshold of 12.88%. When inflation is below this threshold, it positively impacts economic growth, while exceeding it negatively impacts economic growth. Furthermore, higher trade openness negatively affects economic growth, and population growth positively impacts growth across all inflation regimes. Investments contribute to economic growth in the linear model, but their influence is statistically insignificant across the threshold regimes. Financial deepening impedes growth above the inflation threshold. \u0000Unique Contribution to Theory, Practice and Policy: The study expands upon the current body of research on estimating the inflation threshold for Nigeria using the Hansen (2000) sample splitting technique. To our knowledge, this is the first study that has adopted this technique to estimate inflation threshold for Nigeria. The Hansen (2000) threshold technique offers more flexibility in model specification. It allows for the estimation of parameters separately for different regimes, typically above and below the threshold. This flexibility can help in identifying distinct regimes, such as low and high inflation regimes, and capturing their unique characteristics. The research findings are crucial for shaping monetary policy in Nigeria, providing policymakers with valuable insights for establishing an inflation target that is in line with Nigeria's overarching goal of attaining sustained economic growth.","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"15 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140420732","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":"Sectoral Utilization of Foreign Exchange and the Policy Implications for Economic Growth in Nigeria (1997 – 2022)","authors":"Winifred Chinyere Uchendu, Sarah O. Anyanwu","doi":"10.47941/ijecop.1644","DOIUrl":"https://doi.org/10.47941/ijecop.1644","url":null,"abstract":"Purpose: The purpose of this study is to investigate the effect of sectoral utilization of foreign exchange and the policy implications for economic growth in Nigeria. \u0000Methodology: The methodology involved the use of annual time series data covering 1997 to 2022  for  pre-diagnostic tests for unit roots which showed that the variables used in the study: economic growth (proxied by real gross domestic product), visible transactions, invisible transactions, treasury bill rate, and exchange rate, were stationary in the first difference. Hence, after first differencing the data, the Ordinary Least Squares (OLS) estimation method was used to estimate the model. \u0000Findings: The findings of the study showed that visible and invisible foreign exchange utilization valid for foreign exchange transactions, in addition to exchange rate and Treasury bill rate impacted positively and significantly on economic growth in Nigeria during the study period. The results of the study strengthened the theoretical basis for the use of relevant policies to grow economies generally, and that of Nigeria in particular. \u0000Unique contributor to theory, policy and practice: By implication, the governments at all tiers should endeavor to provide the enabling environment for greater availability and utilization of foreign exchange to further improve economic growth and sustainable development in Nigeria.","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"21 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140492183","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":"Government Expenditure and Economic Growth Nexus in Ghana","authors":"Isaac Akpemah Bathuure","doi":"10.47941/ijecop.1618","DOIUrl":"https://doi.org/10.47941/ijecop.1618","url":null,"abstract":"Purpose: Economic growth is widely regarded as a crucial indicator of economic advancement within a nation, as it has significant implications for the provision of state benefits, the improvement of living standards, and the generation of employment opportunities. The present study employed a time series analysis spanning from 1983 to 2018, focusing on Ghana, in order to comprehensively examine the diverse impact of both aggregate and disaggregated government expenditure and debt on the country's economic growth. \u0000Methodology: The study conducted initial examinations, including unit root tests, cointegration tests, and correlation matrices, to determine the statistical reliability and validity of the data series for the research. The long-run parameters were estimated using the two-stage least square regression method, the autoregressive distributed lag method, and the threshold regression method. \u0000Findings: Based on our research, it has been determined that government expenditure exerts a positive and statistically significant influence on overall economic growth. However, when examining the disaggregated effects, it becomes evident that consumption expenditure has a positive and significant impact on economic growth, whereas capital expenditure has a negative effect on economic growth. \u0000Unique Contribution to Theory, Practice and Policy (Recommendations): In relation to the prevailing economic conditions characterised by periods of prosperity or recession, it is evident that the government should prioritise its attention towards external debt rather than domestic debt during times of economic expansion. Moreover, during periods of economic downturn, it is imperative for the government to prioritise foreign direct investment as a means of financing its budget, rather than relying on debt","PeriodicalId":512673,"journal":{"name":"International Journal of Economic Policy","volume":"29 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139530867","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}