Nigerian Journal of Economic and Social Studies最新文献

THE USE AND EFFECTIVENESS OF ACCOUNTING INFORMATION SYSTEMS IN TRANSITION ECONOMIES 转型期经济中会计信息系统的使用和有效性

Nigerian Journal of Economic and Social Studies Pub Date : 2023-01-01 DOI: 10.14706/jecossbuljubasic_halilbegovic

Elvisa Buljubasic, Sanel Halilbegovic

引用次数: 0

Effect of fiscal expansion on inflation during the period of unconventional monetary policy 非常规货币政策时期财政扩张对通货膨胀的影响

Nigerian Journal of Economic and Social Studies Pub Date : 2023-01-01 DOI: 10.14706/jecossarapovic_djedovic_mulaahmetovic

Adisa Omerbegovic Arapovic, Irfan Djedovic, Inda Mulaahmetović

{"title":"Effect of fiscal expansion on inflation during the period of unconventional monetary policy","authors":"Adisa Omerbegovic Arapovic, Irfan Djedovic, Inda Mulaahmetović","doi":"10.14706/jecossarapovic_djedovic_mulaahmetovic","DOIUrl":"https://doi.org/10.14706/jecossarapovic_djedovic_mulaahmetovic","url":null,"abstract":"Economic supply shocks and fiscal expansion coupled with monetary expansion are suspected causes of the rise in inflation that we observe in most of the developed and developing economies today. In this paper we look at the effect of the government budget deficit(surplus) or fiscal policy stance, and quantitative easing on inflation while controlling for economic shocks using the method of cointegration as we find data series in our model to be integrated of order one and having support of one cointegrating equation between the variables. Our analysis is performed using Federal Reserve monthly data from 1994 to 2022 using Two-Step Engle-Granger (1987) method and Fully Modified OLS by Phillips and Hansen (1990). We compare these models to Auto Regressive Distributed Lag model of Pesaran and Shin (1998) which allows for analysis irrespective of the order of integration to provide for more robustness regarding the estimated relationships in cases of misspecification of stationary properties in our time series. Both cointegrating models lend support to the initial postulated relationship where expansionary fiscal policy has significant positive impact on the price level during the long run but also enhances the effect of the Quantitative Easing on the price level as the interaction term between these variables is significant, indicating that during the periods of expansionary fiscal policy, expansionary monetary policy through Quantitative easing has bigger effect. Our analysis is performed controlling for effect of economic shocks and price of real exchange rate on the price level. Stability of the cointegration model tests reveal presence of structural breaks which when included in the cointegrating equation change the importance of the impact that fiscal stance has on inflation and reveal that inflation is mainly result of the expansion in central bank assets after 2008, which coincides with period of unconventional monetary policy","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135609853","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

Economic Growth, Economic Development, and Poverty: A Bibliometric Analysis 经济增长、经济发展与贫困:文献计量学分析

Nigerian Journal of Economic and Social Studies Pub Date : 2021-01-01 DOI: 10.14706/jecoss21814

Amra Babajić, Mirza Suljic, Sanel Halilbegović

引用次数: 1

The Investments Efficiency Toward Economic Growth: ICOR of the Republic of Croatia and Slovenia - Comparative Analysis 促进经济增长的投资效率:克罗地亚共和国和斯洛文尼亚共和国的ICOR——比较分析

Nigerian Journal of Economic and Social Studies Pub Date : 2021-01-01 DOI: 10.14706/jecoss21815

Jeton Mazllami

{"title":"The Investments Efficiency Toward Economic Growth: ICOR of the Republic of Croatia and Slovenia - Comparative Analysis","authors":"Jeton Mazllami","doi":"10.14706/jecoss21815","DOIUrl":"https://doi.org/10.14706/jecoss21815","url":null,"abstract":"Most developing and developed countries, today are faced with a lot of economic, social, and political challenges as a result of internal or external factors such as the World Financial Crisis and Covid19. In these circumstances, the crucial objective of any government is to improve the national economic performance by increasing domestics and foreign investments. Investments efficiency is the main pillar in the increase of the economic growth of any economy. This paper aims to measure the efficiency of the investments towards economic growth in the Republic of Croatia and Slovenia by applying a comparative analysis. The specific objective of our paper is to determine the best ICOR level, the correlation between ICOR and GDP, and the impact on the economic growth of both countries. The research methodology will include the analysis of the efficiency of the investment measured by the indicators Incremental Capital-Output Ratio (ICOR) based on the World Bank approach. The period of observation includes the period from the year 1995 to 2020. The investment efficiency (ICOR) in both countries is expected to move between 1 and 6. The findings of this research are that each one-point decrease of the ICOR level of Croatia increases the economic growth by 1.961 percent, while the ICOR level of Slovenia increases less the Economic growth by 0.259 percent.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76206024","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

India and China in the Indian Ocean: Changing Dimensions of Maritime Strategy 印度洋上的印度和中国:海洋战略的变化维度

Nigerian Journal of Economic and Social Studies Pub Date : 2021-01-01 DOI: 10.14706/jecoss21813

A. Kurian, C. Vinodan

{"title":"India and China in the Indian Ocean: Changing Dimensions of Maritime Strategy","authors":"A. Kurian, C. Vinodan","doi":"10.14706/jecoss21813","DOIUrl":"https://doi.org/10.14706/jecoss21813","url":null,"abstract":"In Asian and global power politics a maritime strategic angle concentrates on the value of fortifying and controlling sea lines of communications (SLOCs) for stability, economic growth, and development of nations. Consequently, both India and China are snooping to control SLOCs and safeguard their emergent and escalating worldwide interests. The advancement in and expansion of naval power satisfies the corresponding nationalist aspirations of Beijing and New Delhi. As a result, the development of their maritime capabilities would have a greater impact on the naval security architecture in the Indian Ocean. The hike in Chinese engagements across the Indian Ocean widely known as the String of Pearl’s stratagem is principally stimulated by a policy of maritime encirclement of India. Struggle to secure tactical energy resources which are quickly revolutionizing their navies could induce clashes and have major repercussions for global security affairs. Harmonious handling of both China’s and India’s cooperation will be crucial for regional as well as international peace and opulence shortly and everyone looks upon a fabulous Asia reflected in the world. Thus, this paper analyses the underlying factors that motivate both countries to have ambitious objectives in the Indian Ocean and could find out that securing energy is one of the driving forces in securing maritime dominance across the Indian Ocean.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85264748","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

Causes and Consequences of the World Financial Crisis 2008: A Historical Perspective 2008年世界金融危机的原因和后果:一个历史的视角

Nigerian Journal of Economic and Social Studies Pub Date : 2021-01-01 DOI: 10.14706/jecoss21812

Adis Maksić, Selma Delalić, Adem Olovčić

引用次数: 0

Determinants of the Financing Obstacles Faced by SMEs: An Empirical Study of Emerging Economies 中小企业融资障碍的决定因素:基于新兴经济体的实证研究

Nigerian Journal of Economic and Social Studies Pub Date : 2018-10-01 DOI: 10.14706/JECOSS17725

Mirgul Nizaeva, A. Coşkun

{"title":"Determinants of the Financing Obstacles Faced by SMEs: An Empirical Study of Emerging Economies","authors":"Mirgul Nizaeva, A. Coşkun","doi":"10.14706/JECOSS17725","DOIUrl":"https://doi.org/10.14706/JECOSS17725","url":null,"abstract":"Ab stract: Small and medium sized enterprises (SMEs) play a crucial role \u0000in the economic development of emerging countries. The lack of access to \u0000finances is one of the important growth constraints the SMEs face. This \u0000study investigates the firm and country specific determinants of the financial \u0000constraint levels of SMEs in selected emerging Western Balkan economies. \u0000The main determinants of the financing obstacles examined in the sampled \u0000countries were: firm size, ownership type, and age, accounting information \u0000transparency, the depth of credit information indexes, the banking sector \u0000concentration, property registration costs; and per capita GDP. The findings \u0000confirm that firm size is a significant determinant of the financial constraint \u0000levels of SMEs in the selected economies. Moreover, we found that older firms \u0000are financially more constrained in the region. The possible economic \u0000implications of the positive association between firm age and financial \u0000constraint are discussed. Banking sector concentration level plays crucial role \u0000in the external financing of SMEs in developing countries. By closely \u0000examining the firm characteristics and country-level factors that determine the \u0000degree of the financing obstacles faced by SMEs, we observed that in \u0000developing economies overall institutional and financial problems are more \u0000important than firm-specific","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83777434","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: 15

Internal Migration and Social Identity Construction: Implications for Prejudice and Stigma in Albanian Post-socialist Society 国内移民与社会认同建构:阿尔巴尼亚后社会主义社会的偏见与污名化

Nigerian Journal of Economic and Social Studies Pub Date : 2018-10-01 DOI: 10.14706/jecoss17724

Merita H. Meçe

{"title":"Internal Migration and Social Identity Construction: Implications for Prejudice and Stigma in Albanian Post-socialist Society","authors":"Merita H. Meçe","doi":"10.14706/jecoss17724","DOIUrl":"https://doi.org/10.14706/jecoss17724","url":null,"abstract":"Abstract: Significant increase of internal migration in Albanian post-socialist society affected people’s connections and their identity. New social phenomena were differently perceived by the existing city inhabitants and the newcomers. On the one hand, the concept of social identity struggled between inclusionary/exclusionary boundaries; on the other hand, prejudice and stigma triggered from this complex reality. This paper applies Social Identity Theory to examine how internal migration affects social identity and its implications on prejudice and stigma in Albanian post-socialist society. This qualitative study is based on desk research and secondary data drawn by national statistics and cross-sectional research conducted in Albania during the period 1991-2017. It concludes that more longitudinal studies should be conducted to understand the dynamics of social identity construction within the context of internal migration in Albania. This is necessary to promote a more inclusive society in order to accommodate social diversity and view internal migrants as local agents of development rather than objects of prejudice and stigma.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86526999","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

Labour Market Transition Differences between Natives and Immigrants in EU Economies 欧盟经济体劳动力市场转型中本地人与移民的差异

Nigerian Journal of Economic and Social Studies Pub Date : 2018-01-01 DOI: 10.14706/jecoss17723

Valerija Botrić

{"title":"Labour Market Transition Differences between Natives and Immigrants in EU Economies","authors":"Valerija Botrić","doi":"10.14706/jecoss17723","DOIUrl":"https://doi.org/10.14706/jecoss17723","url":null,"abstract":"Abstract: The recent economic crisis has had an adverse effect on the labour markets of European economies and certain population groups have been disproportionally affected by it. Increased migration flows may very well have created further pressures on the labour markets of host countries. The focus of the analysis here is on differences in transitions from unemployment to employment and vice versa between native and immigrant populations in European economies during the 1998-2015 period. The analysis reveals different outcomes to transitions from unemployment to employment, where in certain countries and years, the unemployed natives find proportionally more jobs, while in other countries and years, it is the immigrants. In most of the countries, however, employed immigrants are more likely to lose a job than natives. In addition to identifying the immigrant-native gap, the characteristics of individuals as potential contributing factors to the gap have also been assessed. The results of this analysis show that similar individual characteristics exert a different influence on the immigrant-native gap in labour market outcomes in different countries. Thus, similar individual characteristics are rewarded differently in different countries, i.e., their labour markets.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84265247","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: 4

Performance of Moving Average Investment Timing Strategy in UK Stock Market: Individual Stocks versus Portfolios 移动平均投资时机策略在英国股票市场的表现:个股与投资组合

Nigerian Journal of Economic and Social Studies Pub Date : 2018-01-01 DOI: 10.14706/JECOSS17722

M. Ahmad, Wang Ghohui, M. Hasan, Anika Sattar, Muneeb Ahmad, R. Rehman

{"title":"Performance of Moving Average Investment Timing Strategy in UK Stock Market: Individual Stocks versus Portfolios","authors":"M. Ahmad, Wang Ghohui, M. Hasan, Anika Sattar, Muneeb Ahmad, R. Rehman","doi":"10.14706/JECOSS17722","DOIUrl":"https://doi.org/10.14706/JECOSS17722","url":null,"abstract":"Abstract: This paper aims to test whether moving average (MA) investment timing strategy is applicable on individual stocks, portfolios formed from these stocks, or both. Moreover, our objective is to compare the performance of MA strategy with a buy-and-hold strategy. The data on individual stocks listed on London Stock Exchange, United Kingdom (UK) is collected over the period starting from December 31, 1999, through February 29, 2016. For the same period, we use daily values of UK-DS Market-PRICE INDEX and 1-Month Treasury bill rate. The paper follows Han et al. (2013) to peruse our investigation. The study applies both MA and buy-and-hold strategies to individual stocks and portfolios sorted by volatility. Since most results are found insignificant, no evidence is found to support that one strategy is better than the other when applied to individual stocks. However, trading behavior and success ratios across groups provide mixed results, hinting slightly towards the failure of MA strategy. The pervasive noise in daily stock return data is the reason why MA strategy consistently produces insignificant results. Moreover, when applied to volatility-sorted portfolios, MA strategy substantially beats buy-and-hold strategy by yielding higher average return and risk-adjusted returns, lower standard deviations, large-and-positive skewness and Sharpe ratios, and much success ratios across portfolios. Both for individual stocks and portfolios, dynamics of returns and especially trading behavior suggest that the performance of MA strategy decreases with rising lag lengths, meaning MA signal weakens for a longer history.","PeriodicalId":52427,"journal":{"name":"Nigerian Journal of Economic and Social Studies","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87794810","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: 3