Series-3 (May-June 2019)May-June 2019 Issue Statistics
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| Paper Type | : | Research Paper |
| Title | : | The Causal Relationship between Per Capita Electricity Consumption and GDP Growth: A Study of Bangladesh |
| Country | : | Bangladesh |
| Authors | : | Md. Moniruzzaman Muzib || Shakil Mahmood Shaon || Md. Nazmul Islam |
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: | 10.9790/5933-1003030105  |
Abstract: This paper tries to investigate the relationship between GDP growth, and per capita electricity consumption of Bangladesh through correlation coefficient analysis and graphical explanation over the period 1981 to 2016. Using correlation coefficient analysis and graphical explanation it is found that these tow variables are integrated to each other that means if one of these two variables value is changed then its effect on the calculated correlation coefficient value.All these values is collected from world-bank, data bank, from world development indicator. Like many other developing countries in the world, the electricity demand and its uses in Bangladesh has been increasing day by day at a high rate. This demand is charged by the sustained growth in GDP in early years.
Keywords: GDP growth, energy consumption, correlation coefficient, Bangladesh
[1]. Ahamad, M. G., & Islam, A.K.M. N. (2011). Electricity consumption and economic growth nexus in Bangladesh: Revisited evidences. Energy Policy, 39, 6145–6150.
[2]. Ahmad, E., & Jamil, F. (2010).The relationship between electricity consumption, electricity prices and GDP in Pakistan. Energy Policy, 38(10), 6016–6025. doi.org/10.1016/j.enpol.2010.05.057
[3]. Alam, K., &Sarker, A. R. (2010).Nexus between electricity generation and economic growth in Bangladesh. Asian social Science, 6(12), 16-22.
[4]. Apergis, N., & Payne, J. E. (2012). Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel Error Correction Model. Energy Economics, 34(3), 733-738.
[5]. Apergis, N., &Payne,J.E. (2010). A dynamic panel study of economic development and the electricity consumption-growth nexus. Energy Economy, 33,770–781.
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| Paper Type | : | Research Paper |
| Title | : | One Road One Belt Initiative: China and Poland |
| Country | : | China |
| Authors | : | Dariusz Filipiak |
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: | 10.9790/5933-1003030612 |
Abstract: China aims to be the largest economy in the world. It's One Road One Belt Initiative is a huge and challenging project and requires certain efforts from China as well as from its trading partners to be completed successfully. It involves building transportation and communication infrastructures. From the perspective of international trade theories, the One Belt One Road Initiative helps to advance and to assist the free trade across borders and destination because without an effective infrastructure with proper cooperation, the economic activities cannot be done. The One Belt One Road Initiative creates more opportunities making international trade more suitable.........
Keywords: Bilateral Trade, Belt and Road Initiative, International Trade, One Road One Belt, New Silk Road
[1]. Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road, National Development and Reform Commission, Ministry of Foreign Affairs and Ministry of Commerce of the People's Republic of China, with State Council authorization China, 2015
[2]. [2] [3] [4] [5] [6] Central Statistical Office, Statistic yearbook of foreign trade, Warsaw, 2018
[7]. Nordin, A. H. M., Weissmann, M, Will Trump Make China Great Again? The Belt and Road Initiative and International Order, International Affairs, 2018, 94(2), 231-249
[8]. Zhai F, China's Belt and Road Initiative: A Preliminary Quantitative Assessment, Journal of Asian Economics, 2018 55, 84-92
[9]. Vangeli, A, China s Engagement with the Sixteen Countries of Central, East and Southeast Europe under the Belt and Road Initiative, China & World Economy, 2017, 25(5), 101-124
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| Paper Type | : | Research Paper |
| Title | : | The Effect of Minimum Wage and Migration on Disguised Unemployment Rate in Indonesia |
| Country | : | Indonesia |
| Authors | : | Imran Taufik || Rahmatia || Nursini || Sanusi Fattah |
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: | 10.9790/5933-1003031317 |
Abstract: This study aims to determine the effect of minimum wage and migration on disguised unemployment rate in Indonesia both directly and indirectly through economic growth. The data used are panel data for the period between year 2011 and 2016 for 33 provinces in Indonesia using structural equation modeling (SEM). Results shown the composed SEM model has good fitness of index. Variables in the model, namely minimum wage and migration have significant effect on disguised unemployment rate in Indonesia with negative direction and not significant through economic growth. Presented information is important for government as disguised unemployment rate is an issue in Indonesia.
Keywords: Minimum Wage, Migration, Economic Growth, Disguised Unemployment Rate
[1]. R. Dornbusch, S. Fischer, and R. Startz, Macroeconomics (Media Global Edukasi. Jakarta, 2008).
[2]. Indonesian Statistics, Labor Market Indicators in Indonesia (BPS, Jakarta, 2014, 2016, 2017).
[3]. J. Robinson, Disguised Unemployment, The Economic Journal, 1936, Vol. 46, No. 182, pp. 225-237.
[4]. P.N. Rosenstein-Rodan, Problems of Industrialization of Eastern and South-eastern Europe. The Economic Journal, 1943,Vol. 53, 202 -11.
[5]. D. Neumark, The Effects of Minimum Wages on Employment, FRBSF Economic Latter, 2015..
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| Paper Type | : | Research Paper |
| Title | : | Influence Investment Opportunity Set (IOS) With Value of The Firm in Manufacturing Company Food & Beverage Listed In Indonesia Stock Exchange |
| Country | : | Indonesia |
| Authors | : | Wulandari Harjanti || Danas Robbi Ardiansyah || Hwihanus |
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: | 10.9790/5933-1003031823 |
Abstract: This study aims to examine the influence of investment opportunity set, Corporate Governance Mechanism, dividend policy, and firm size to Value of The Firm. Object used in this research is food and beverage sector manufacturing companies listed in Indonesia Stock Exchange (BEI) period 2012-2015. The population of this research is food and beverage sector manufacturing company with purposive sampling as many as eight foods and beverage manufacturing companies through literature and documentation study. Data analysis techniques in this study using SEM (Structural Equation Modeling) with the application program PLS (Partial Least Square)........
Keywords: Investment Opportunity set (IOS), Corporate Governance Mechanism, Dividend Policy, Company Size and Values of The Firms
[1]. Bernandhi, Riza dan Abdul Muid 2014. Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, KebijakanDividen, Leverage, dan Ukuran Perusahaan Terhadap Nilai Perusahaan. http://ejournal-s1.undip.ac.id/index.php/accounting. Volume 03, Nomor 1, Tahun 2014.
[2]. Christiawan, Jogi Yulius dan Josua Tarigan. 2007. Kepemilikan Manajerial: Kebijakan Hutang, Kinerja dan Nilai Perusahaan. Jurnal Akuntansi dan Keuangan. Vol. 9. No. 1, Mei 2007. hal 1 – 8.
[3]. Elizabeth Meilyana. 2012. Analisis Pengaruh Mekanisme Corporate Governance Terhadap Manajemen Laba Dan Nilai Perusahaan Pada Perusahaan Manufaktur di BEI. Berkala Ilmiah Mahasiswa Akuntansi. Vol. 1, No. 3, Mei 2012.
[4]. Gaver, J.J dan K.M. Gaver. 1993. Additional Evidence on the Association between The Investment Opportunity Set and Corporate Financing, Dividend, and Compensation Policies". Journal Accounting and Economics. Vol. 16, pp. 125-160.
[5]. Gordon, M.J. 1963. Optimal Investment and Financing Policy. The Journal of Finance. Vol. 18, Issue 2. May 1963. Pp. 264 – 272.
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| Paper Type | : | Research Paper |
| Title | : | Public Debts and Nigeria's Economic Growth |
| Country | : | Nigeria |
| Authors | : | Eze, Onyebuchi Michael || Nweke, Abraham Mbam || Atuma Emeka |
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: | 10.9790/5933-1003032440 |
Abstract: The broad objective of this study was to analyze the impact of public debts on economic growth in Nigeria for the period 1981-2017. The study adopts ex-post facto research design. Multiple regression analysis was utilized in the study in which the ARDL model and Chow Breakpoint test were the methods used in the analysis. Data obtained from the Central Bank of Nigeria (CBN) statistical bulletin, volume 28, 2017 on gross domestic product growth (GDP), public investment (LPUINV), external debt (LEXD), domestic debt (LDDs), total public debt (LTPUBT), government expenditure (LGEX), national savings (LNS), consumer price index (CPI) and interest rate (INR) were.........
Keywords: External Debt, Domestic Debt, Economic Growth, Autoregressive distributed lag model, Chow Breakpoint Test
[1]. Abbas, A., & Christensen, J. (2010). The role of domestic debt markets in economic growth: An empirical investigation for low-income countries and emerging markets. IMF Staff Papers, 57(1): 209-255.
[2]. Abbas, S.M.A., & Christesen, J. (2007). The role of domestic debt markets in economic growth: An empirical investigation for low–income countries and emerging markets. Working Paper 07/127. Washington, DC: International Monetary Fund.
[3]. Abbas, S. M. (2005). Public debt, sustainability and growth in post-HIPC Sub-Saharan Africa: The role of domestic debt. Paper for GD-Net's 2004/2005 project on macroeconomic policy challenges of low income countries.
[4]. Abu, N., & Abdullahi, U. (2010). Government expenditure and economic growth in Nigeria, 1970-2008: A disaggregated analysis. Business and Economics Journal, 4, 1-11.
[5]. Abula, M., & Ben, D. M. (2016). The impact of public debt on economic development of Nigeria. Asian Research Journal of Arts & Social Sciences, 1(1), 1-16.
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| Paper Type | : | Research Paper |
| Title | : | Determiners of Age At First Marriage of Women in Ivory Coast. |
| Country | : | |
| Authors | : | Godji Gérard Elie |
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: | 10.9790/5933-1003034156 |
Abstract: This study examines age determiners of women's first marriage in Cote d'Ivoire. The age determiners of Ivorian women's first marriage have not been studied at the socio-economic level in Cote d'Ivoire. Though the law sets the minimum age of entering marriage at 18 years for women in Cote d'Ivoire, 12% were already in union of marriage when reaching 15 years old. 36% were also in union of marriage before 18 years old (EDSCI 2012). It is therefore probable to have some factors which explain the age of women's first marriage. The analysis is based on the secondary data of EDS-MICS 2012. The following methodology is used to reach our objectives: Considering........
Keywords: First marriage age, early marriage, Cox model
[1]. ADEDOKUN, A., (1999), Perspectives on African Traditional Architecture and Planning. SEDEC Publishers, Lagos, Nigeria.
[2]. AGABA, PENINAH., LEONARD K. ATUHAIRE., AND GIDEON RUTAREMWA. (2011). "Determinants of Age at First MarriageAmongWomen in Western Uganda". Presented in European Population Conference 2010, Vienna 1-4 September 2010
[3]. AMIN, S. (1995). Female education and fertility in Bangladesh: The Influence of marriage and the family. In Girl's Schooling, Women's Autonomy and Fertility Change in South Asia, eds. Roger Jeffery and AlakaBasu. Sage Publications, New Delhi, London and Newbury Park.
[4]. ARYEE, A.F. (1977). "The African Family and Changing Nuptiality Patterns". In Family, Population and Development in Africa, ed. AderantiAdepoju, 78-96. London: Zed Books.
[5]. BECKER G. (1960) « An EconomicAnalysis of Fertility ». Demographic and Economic Change in Developed Countries Universities-National Bureau, Columbia UniversityPress (p. 209 - 240)
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| Paper Type | : | Research Paper |
| Title | : | The Missing Link: Fiscal Sustainability Analysis in South Africa |
| Country | : | South Africa |
| Authors | : | Elvis Munyaradzi Ganyaupfu |
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: | 10.9790/5933-1003035765 |
Abstract: The main goal of this study was to evaluate whether South African government reacted to its debt positions in a sustainable manner afterintegrating the implicit exogenous short-run impact of monetary policy stance on primary balance and public debt positions over the period 1997q4 to 2016q3. The Vector Error Correction (VEC) model was applied to estimate the fiscal reaction function using EViews. Results indicate that fiscal policy was sustainable, while monetary policy stance had significant impacts on primary balance and public debt positions, which confirms that monetary policy contributes to ensuring fiscal sustainability in South Africa.
Keywords: fiscal sustainability, monetary policy stance, primary balance, public debt, VEC model
[1]. Burger, P., Stuart, I., Jooste, C. and Cuevas, A. (2011). Fiscal sustainability and the fiscal reaction function for SouthAfrica. IMF Working Paper WP/11/69, IMF.
[2]. Burnside, C. (2004). Assessing New Approaches to Fiscal Sustainability Analysis. Duke University and NBER.
[3]. Dahan, M. (1998). The Fiscal Effects of Monetary Policy. Monetary and Exchange AffairsDepartment, IMF Working Paper. IMF, Washington, D. C.
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| Paper Type | : | Research Paper |
| Title | : | Demographic Dividend and its impact on India: An overview |
| Country | : | India |
| Authors | : | Nagina kousser Ph.D. || Shoket hussain Ph.D. |
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: | 10.9790/5933-1003036672 |
Abstract: The World's current population of 7.6 billion and this will enhance to 9.8 billion in 2050.By 2020, the population of India is expected to overtake the China to become the world's most populous country and will have 900 million people of working age. The landscapes of India have 2.4% of the world total area and have 17.5% of the world population. The population of India in 2011 is 121.02 crore which is almost equal to the combined population of U.S.A, Indonesia, Brazil, Pakistan, Bangladesh and Japan together which is 121.43 crore. Currently India is facing Demographic Dividend and this change in India is opening up new economic opportunities. Population age grouped 15-64 years in India is 55% which is higher than China 38% leading to a higher number of working age group as compared to dependents........
Keywords: Population, demographic dividend, working age- group, benefits and challenges
[1]. Agarwal, et.al, (2016), "population aging in India: facts, issues and options" Discussion paper, IZDPA, no.10162 [2]. Belshaw, H. (1948), "Population pressure in India" Pacific affairs, vol. 21, no. 4, pp. 413415. Bose, A. (1996), "Demographic transition and demographic imbalance in India," Health Transition Review, vol.6 pp.89-99Hs [3]. Cassen, R.H. (1978), "India: Population, Economy, Society," The Macmillan press ltd ISBN no.333-22016-1.
[4]. Chandrasekhar and Chowdhary, (2006), "The "Demographic Dividend‟ and Young India‟s Economic Future‟, Economic and Political Weekly, 41(49): 5055-64.
[5]. Gudaganavar and Gudaganavar, (2001), "Demographic Dividend- its implication to India", Indian Journal of Research, Vol.3, issue, 1 pp.46-49.
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| Paper Type | : | Research Paper |
| Title | : | The Effect of Firms' Inclusion in the NSE 20 Share Index on Share Performance in Kenya |
| Country | : | Kenya |
| Authors | : | Faith N. Nkuru || Stephen M.A. Muathe || Eddie Simiyu |
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: | 10.9790/5933-1003037383 |
Abstract: This paper provides an empirical analysis of Kenya as an emerging market that has a lot of potential of investment and is getting attention from investors both locally and internationally. Nairobi Securities Exchange 20 Share index represents a tool to measure market performance, market growth and facilitates maximisation of return on investment over a long – run perspective. The Nairobi Securities Exchange 20 Share index is constituted by the best performing firms. This paper analysed the effect of firms' inclusion in the Nairobi Securities Exchange 20 share index on share performance in Kenya. The study was anchored on Efficient Market Hypothesis supported by The Price Pressure Hypothesis and Traditional Information Hypothesis. The study employed explanatory research design.........
Keywords: Share Performance, NSE20 Share Index,Firms Inclusion
[1]. Ang, J. S., & Zhang, M. (2010). Knightian uncertainty; evidence of uncertainty premium in the capital market in Applied Economics letters, vol. 17 No 10, PP. 945-949.
[2]. Bankovica, S., &Zaldokas, A.(2007).How does inclusion in an index affect stock prices? Stockholm School of Economics,1-33.
[3]. Bildik,R., &Gulay,G.(2011).Effect of change in index composition on stock market. Evidence from Instabul stock Exchange,1-65.
[4]. Brooks,C.,Kappou,K.,Stevenson,S.,&Ward,C. (2013).The performance effects of composition changes on sector specific stock indices: International review of Fnancial Analysis vol.29 issue pp132-142.
[5]. Brown, S., & Warner, J. (1980). Measuring Security Price Performance. Journal of Financial Economics, 8,205-258.