Pub Date : 2023-01-31DOI: 10.17261/pressacademia.2023.1706
Farah Omet, Ahmet Ozcam
Purpose- For too long, the performance of the Jordanian economy has been dissapointing. During the period 2010-2020, the mean annual growth rate in real Gross Domestic product (GDP) was equal to 2.0 percent. In addition, the overall unemployment rate increased from 12.5 percent in 2010 to 23.2 percent in 2020. To decrease the doublie-digit unemployment, any growth strategy requires a good understanding of the characteristics of the Jordanian economy. In other words, increasing the profit share in a wage-led economy, and increasing the wage share in a profit-led economy will both have negative consequences to economic growth. Therefore, it important to identify whether the Jordanian economic regime is wage-led or profit-led. Methodology- This paper investigates the effect of changes in the functional income distribution on economic growth in Jordan during the period 1990-2020. An autoregressive distributed lag (ARDL) approach is used to assess the presence of the long-run relationship between changes in income distribution and aggregate demand. Findings- Based on the estimated results, it is argued that the the demand regime in the Jordanian economy Jordan is wage-led. In other words, an increase in the wage-share leads to higher economic growth. Conclusion- Given the challenge of unemployment, the Jordanian government and the leaders of the private sector should not allow the supply and demand sides of the labor market determine wages. The economy needs pro-labor institutional reforms to realize strong and sustainable economic growth rates. Keywords: Jordan, growth, unemployment, wage-led, profit-led, net exports, ARDL, cointegration. JEL Codes: B50, E11, E12
{"title":"A wage-led or profit-ledge demand regime: the case of Jordan (1990-20220)","authors":"Farah Omet, Ahmet Ozcam","doi":"10.17261/pressacademia.2023.1706","DOIUrl":"https://doi.org/10.17261/pressacademia.2023.1706","url":null,"abstract":"Purpose- For too long, the performance of the Jordanian economy has been dissapointing. During the period 2010-2020, the mean annual growth rate in real Gross Domestic product (GDP) was equal to 2.0 percent. In addition, the overall unemployment rate increased from 12.5 percent in 2010 to 23.2 percent in 2020. To decrease the doublie-digit unemployment, any growth strategy requires a good understanding of the characteristics of the Jordanian economy. In other words, increasing the profit share in a wage-led economy, and increasing the wage share in a profit-led economy will both have negative consequences to economic growth. Therefore, it important to identify whether the Jordanian economic regime is wage-led or profit-led. Methodology- This paper investigates the effect of changes in the functional income distribution on economic growth in Jordan during the period 1990-2020. An autoregressive distributed lag (ARDL) approach is used to assess the presence of the long-run relationship between changes in income distribution and aggregate demand. Findings- Based on the estimated results, it is argued that the the demand regime in the Jordanian economy Jordan is wage-led. In other words, an increase in the wage-share leads to higher economic growth. Conclusion- Given the challenge of unemployment, the Jordanian government and the leaders of the private sector should not allow the supply and demand sides of the labor market determine wages. The economy needs pro-labor institutional reforms to realize strong and sustainable economic growth rates. Keywords: Jordan, growth, unemployment, wage-led, profit-led, net exports, ARDL, cointegration. JEL Codes: B50, E11, E12","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135306494","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}
Pub Date : 2022-01-01DOI: 10.13106/jafeb.2022.vol9.no4.0191
F. Gnahe, J. Ashraf, F. Huang
From several socioeconomic perspectives, the present health crisis can be connected to the 2008 financial and economic catastrophe. Governments worldwide are working hard to keep the markets in check, as evidence suggests that the health crisis may soon become an economic crisis. This paper aims to analyze the effect of COVID-19 on the selected stock market. Using a panel of daily COVID-19 confirmed cases and deaths and the stock market from 22 developing countries, we exploit an oil price as a shock to the stock market and examine the effect of COVII-19 on the slowdown of the stock market. We fmd a negative and significant impact of COVID-19 on the stock market in the first stage till April. However, there is no net influence on the stock market downturn when we extend the period. However, further study suggests that the outbreak's negative influence on the selected stock market has diminished and has begun to decline as of mid-April. As a result of the COVID-19 effect on the chosen stock, our findings imply that the government in the chosen market should consider a regulatory mechanism to reduce the stock market slowdown induced by the pandemic COVID-19.
{"title":"The Effect of the COVID-19 Pandemic on Stock Market Returns in Emerging Economies: Empirical Evidence from Panel Data","authors":"F. Gnahe, J. Ashraf, F. Huang","doi":"10.13106/jafeb.2022.vol9.no4.0191","DOIUrl":"https://doi.org/10.13106/jafeb.2022.vol9.no4.0191","url":null,"abstract":"From several socioeconomic perspectives, the present health crisis can be connected to the 2008 financial and economic catastrophe. Governments worldwide are working hard to keep the markets in check, as evidence suggests that the health crisis may soon become an economic crisis. This paper aims to analyze the effect of COVID-19 on the selected stock market. Using a panel of daily COVID-19 confirmed cases and deaths and the stock market from 22 developing countries, we exploit an oil price as a shock to the stock market and examine the effect of COVII-19 on the slowdown of the stock market. We fmd a negative and significant impact of COVID-19 on the stock market in the first stage till April. However, there is no net influence on the stock market downturn when we extend the period. However, further study suggests that the outbreak's negative influence on the selected stock market has diminished and has begun to decline as of mid-April. As a result of the COVID-19 effect on the chosen stock, our findings imply that the government in the chosen market should consider a regulatory mechanism to reduce the stock market slowdown induced by the pandemic COVID-19.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73488981","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}
Pub Date : 2022-01-01DOI: 10.47509/ajeb.2022.v03i02.02
T. Lakshmanasamy
The prevalence of poor educational performance and wide inequality in the academic achievement of children in primary education between social and economic groups in India challenges the objective of a leaned Indian society. This paper analyses the academic achievement gap in the reading ability and mathematical skills of children in primary education using the IHDS-II data applying the ordered logit method of estimation. The results show substantial differences in reading and arithmetic skills among children from different socioeconomic, demographic and religious backgrounds. The backward community children are not much disadvantaged relative to the upper community children. The scheduled caste, scheduled tribe and Muslim children are the most disadvantaged groups in achieving academic ability. Children studying in public schools and non-English medium instruction schools have less chance of being in the higher categories of educational performance. Children from urban residences and with higher educated adults tend to perform better than the child from rural areas with lower educated adults in the household. The asset holding of the household has a positive impact on the educational performance of a child. Much of the disadvantages of the learning ability and skill acquisition of children in primary education stems from the poor socio-economic background of the family and lower parental education.
{"title":"EDUCATIONAL PERFORMANCE OF PRIMARY SCHOOL CHILDREN: ORDERED LOGIT ESTIMATION OF READING ABILITY AND MATHEMATICAL SKILLS","authors":"T. Lakshmanasamy","doi":"10.47509/ajeb.2022.v03i02.02","DOIUrl":"https://doi.org/10.47509/ajeb.2022.v03i02.02","url":null,"abstract":"The prevalence of poor educational performance and wide inequality in the academic achievement of children in primary education between social and economic groups in India challenges the objective of a leaned Indian society. This paper analyses the academic achievement gap in the reading ability and mathematical skills of children in primary education using the IHDS-II data applying the ordered logit method of estimation. The results show substantial differences in reading and arithmetic skills among children from different socioeconomic, demographic and religious backgrounds. The backward community children are not much disadvantaged relative to the upper community children. The scheduled caste, scheduled tribe and Muslim children are the most disadvantaged groups in achieving academic ability. Children studying in public schools and non-English medium instruction schools have less chance of being in the higher categories of educational performance. Children from urban residences and with higher educated adults tend to perform better than the child from rural areas with lower educated adults in the household. The asset holding of the household has a positive impact on the educational performance of a child. Much of the disadvantages of the learning ability and skill acquisition of children in primary education stems from the poor socio-economic background of the family and lower parental education.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"PP 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84313372","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}
Pub Date : 2022-01-01DOI: 10.47509/ajef.2022.v04i04.05
Oyedokun Oyedokun, Godwin Emmanuel, Bello Sunday Ade
The study examined the effect of Micro, Small, and Medium Enterprises (MSMEs)’ Performance on the Poverty level in Nigeria with a concentration on the Northcentral Nigeria. The mixmethod research strategy was adopted in this study which entails the collection and analysis of both the qualitative and quantitative data. The population of this study includes; all the 5, 757,817 micro, small and medium enterprises in the six states of northcentral Nigeria, out of which a sample size of 384 was selected also the staff of the Bank of Industry in the six states under consideration and the Head office in Lagos. The study employed the use of a twostage cluster sampling technique to compute the sample size, the Cochran sample size formula (1977) was employed. The findings revealed that the MSMEs turnover has a significant and negative effect on the poverty level in Northcentral Nigeria and MSMEs profitability has a negative and significant effect on the poverty level in Northcentral Nigeria. The study concluded that poor availability of funds, limited access to the market, lack of capacity to cope with the latest technological innovations, lack of a winning business model, and banks’ reluctance to grant loan facilities to MSMEs are among the primary reasons impeding the growth of MSMEs and the problems are directly under the control of MSMEs organizations if they possess adequate managerial skills to handle them. The study, therefore, recommended that the government need address and monitor the activities of loan provided by the bank of industry and the bank of the industry should promote and give more loans to MSMEs which will improve their business and in the long run reduces poverty in the region.
{"title":"EFFECT OF MICRO, SMALL, AND MEDIUM ENTERPRISES’ PERFORMANCE ON THE POVERTY LEVEL IN NIGERIA","authors":"Oyedokun Oyedokun, Godwin Emmanuel, Bello Sunday Ade","doi":"10.47509/ajef.2022.v04i04.05","DOIUrl":"https://doi.org/10.47509/ajef.2022.v04i04.05","url":null,"abstract":"The study examined the effect of Micro, Small, and Medium Enterprises (MSMEs)’ Performance on the Poverty level in Nigeria with a concentration on the Northcentral Nigeria. The mixmethod research strategy was adopted in this study which entails the collection and analysis of both the qualitative and quantitative data. The population of this study includes; all the 5, 757,817 micro, small and medium enterprises in the six states of northcentral Nigeria, out of which a sample size of 384 was selected also the staff of the Bank of Industry in the six states under consideration and the Head office in Lagos. The study employed the use of a twostage cluster sampling technique to compute the sample size, the Cochran sample size formula (1977) was employed. The findings revealed that the MSMEs turnover has a significant and negative effect on the poverty level in Northcentral Nigeria and MSMEs profitability has a negative and significant effect on the poverty level in Northcentral Nigeria. The study concluded that poor availability of funds, limited access to the market, lack of capacity to cope with the latest technological innovations, lack of a winning business model, and banks’ reluctance to grant loan facilities to MSMEs are among the primary reasons impeding the growth of MSMEs and the problems are directly under the control of MSMEs organizations if they possess adequate managerial skills to handle them. The study, therefore, recommended that the government need address and monitor the activities of loan provided by the bank of industry and the bank of the industry should promote and give more loans to MSMEs which will improve their business and in the long run reduces poverty in the region.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"48 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78199434","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}
Pub Date : 2022-01-01DOI: 10.47509/ajeb.2022.v03i02.08
E. Pankratov
: In this paper we introduce a model for prognosis of changing of wages of employees of an industrial enterprise. The introduced model describes the dynamics of developing of economic systems under influence of trade-related effects.
{"title":"ABOUT INFLUENCE OF INTENSITY OF TRADE ON CHANGING OF WAGES OF EMPLOYEES OF AN INDUSTRIAL ENTERPRISE","authors":"E. Pankratov","doi":"10.47509/ajeb.2022.v03i02.08","DOIUrl":"https://doi.org/10.47509/ajeb.2022.v03i02.08","url":null,"abstract":": In this paper we introduce a model for prognosis of changing of wages of employees of an industrial enterprise. The introduced model describes the dynamics of developing of economic systems under influence of trade-related effects.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75046389","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}
Pub Date : 2022-01-01DOI: 10.47509/ajef.2022.v04i04.02
Uzoma Chidoka Nnamaka, Odungweru Kingsley Nnana
The need to provide a level playing field for national economies has necessitated the integration of the economies through cross flow of goods, services, technologies and capital. These goods and services are produced by key sectors of the economy which represents the real sector. Over the years, the competitiveness of the real sector in the international market has raised concerns on the link between globalization and real sector performance. Consequent upon this, this study examined the impact of globalization on real sector output in Nigeria for a 39 year time period spanning from 1981 to 2019. The time series datasets used in this study were adapted from the Central Bank of Nigeria’s Statistical bulletin. The Ordinary Least Squares and Error Correction Modeling were used as the main analytical tools. The Augmented Dickey Fuller unit root test showed that all the variables attained stationary after first difference. The Johansen cointegration test further showed that the series have long run equilibri um relationship at 5 percent level of significance. The result from the errorcorrection model confirms that about 38 percent of the short run shocks in real sector output is corrected annually. From the estimates, a positive and statistically significant relationship exists between real sector output and foreign direct investment. Trade openness also was significant in impacting real sector output positively while a negative and significant linkage was observed between exchange rate and real sector output in Nigeria. The study therefore concluded that openness to trade broadens real output growth. Based on the findings, the study recommends amongst others that in the quest to maximize the benefits from trade openness, the relevant authorities should ensure that the nation’s exports are competitive and meet international standards by leveraging on modern technol ogies and innovation. Also, favourable industrial policies and strong institutional framework should be set up by the government to attract the right foreign direct investments.
{"title":"GLOBALIZATION AND REAL SECTOR PERFORMANCE IN NIGERIA","authors":"Uzoma Chidoka Nnamaka, Odungweru Kingsley Nnana","doi":"10.47509/ajef.2022.v04i04.02","DOIUrl":"https://doi.org/10.47509/ajef.2022.v04i04.02","url":null,"abstract":"The need to provide a level playing field for national economies has necessitated the integration of the economies through cross flow of goods, services, technologies and capital. These goods and services are produced by key sectors of the economy which represents the real sector. Over the years, the competitiveness of the real sector in the international market has raised concerns on the link between globalization and real sector performance. Consequent upon this, this study examined the impact of globalization on real sector output in Nigeria for a 39 year time period spanning from 1981 to 2019. The time series datasets used in this study were adapted from the Central Bank of Nigeria’s Statistical bulletin. The Ordinary Least Squares and Error Correction Modeling were used as the main analytical tools. The Augmented Dickey Fuller unit root test showed that all the variables attained stationary after first difference. The Johansen cointegration test further showed that the series have long run equilibri um relationship at 5 percent level of significance. The result from the errorcorrection model confirms that about 38 percent of the short run shocks in real sector output is corrected annually. From the estimates, a positive and statistically significant relationship exists between real sector output and foreign direct investment. Trade openness also was significant in impacting real sector output positively while a negative and significant linkage was observed between exchange rate and real sector output in Nigeria. The study therefore concluded that openness to trade broadens real output growth. Based on the findings, the study recommends amongst others that in the quest to maximize the benefits from trade openness, the relevant authorities should ensure that the nation’s exports are competitive and meet international standards by leveraging on modern technol ogies and innovation. Also, favourable industrial policies and strong institutional framework should be set up by the government to attract the right foreign direct investments.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"20 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75284484","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}
Pub Date : 2022-01-01DOI: 10.13106/jafeb.2022.vol9.no6.0277
Asaad Mubarak Hussien Musa, Abubkr Ahmed Elhadi Abdelraheem
This study aims to investigate the impact of the Corona pandemic on the earning quality (EQ) of Saudi national banks. It was conducted to evaluate the measurement of the earning quality based on the Penman approach. The researchers used the analytical method to conduct the study to find the effect of this Pandemic. Data was collected from the annual reports for the period 2010 to 2020 from Saudi national banks, which are twelve according to the annual report for the Saudi central bank, and eight of them were selected as a sample of the study. The banks are Alinma Bank, Al Rajhi Bank, Bank Al Bilad, The National Commercial Bank, Bank Aljazeera, Riyad Bank, Samba Financial Group (Samba), and Arab National Bank. The study findings showed that the Corona pandemic had a negative impact on the Saudi economy, and led to deflation in 2020 by 4.1% due to the oil sector. They also showed reducing oil production by the (OPEC +) agreement to achieve stability in the oil market and the non-oil sector. It was also revealed that the profits of Saudi commercial banks in 2020 decreased by 23.1% and that the Corona pandemic had Caused the earning quality to decline in all the studied banks.
{"title":"The Impact of the COVID-19 Pandemic on Earning Quality: Empirical Evidence from Commercial Banks in Saudi Arabia","authors":"Asaad Mubarak Hussien Musa, Abubkr Ahmed Elhadi Abdelraheem","doi":"10.13106/jafeb.2022.vol9.no6.0277","DOIUrl":"https://doi.org/10.13106/jafeb.2022.vol9.no6.0277","url":null,"abstract":"This study aims to investigate the impact of the Corona pandemic on the earning quality (EQ) of Saudi national banks. It was conducted to evaluate the measurement of the earning quality based on the Penman approach. The researchers used the analytical method to conduct the study to find the effect of this Pandemic. Data was collected from the annual reports for the period 2010 to 2020 from Saudi national banks, which are twelve according to the annual report for the Saudi central bank, and eight of them were selected as a sample of the study. The banks are Alinma Bank, Al Rajhi Bank, Bank Al Bilad, The National Commercial Bank, Bank Aljazeera, Riyad Bank, Samba Financial Group (Samba), and Arab National Bank. The study findings showed that the Corona pandemic had a negative impact on the Saudi economy, and led to deflation in 2020 by 4.1% due to the oil sector. They also showed reducing oil production by the (OPEC +) agreement to achieve stability in the oil market and the non-oil sector. It was also revealed that the profits of Saudi commercial banks in 2020 decreased by 23.1% and that the Corona pandemic had Caused the earning quality to decline in all the studied banks.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"142 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82266647","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}
Pub Date : 2022-01-01DOI: 10.47509/ajeb.2022.v03i02.06
Sauwaluck Koojaroenprasit
Due to Covid-19 pandemic, Thailand has been shut down to prevent the spread of the virus. The delivery food application has received more interest from the consumers. Grabfood delivery food application played the major role in the food delivery market with the market share 76 percent in 2019. The aim of this research was to study consumers’ behaviors in the Bangkok area ordering delivery food via GrabFood application during the pandemic of COVID-19. Sample size was 385 collected via online questionnaires. The result showed that most of the observations were female, aged 20 to 30 years old, and most of them were single. Their education level were bachelor’s degree which mostly were private employees with monthly income 15,001- 25,000 Baht. For the customers’ behavior toward using GrabFood delivery application, the average spending was 151-300 Baht each time. The popular type of food and period ordered was Fast Food at 6:01 - 9:00 p.m. on Saturday. Most of the respondents knowed GrabFood from online advertisement.
{"title":"THE PANDEMIC OF COVID-19 AND THE BEHAVIOR OF CONSUMER USING FOOD DELIVERY SERVICE VIA GRAB FOOD APPLICATION IN BANGKOK, THAILAND","authors":"Sauwaluck Koojaroenprasit","doi":"10.47509/ajeb.2022.v03i02.06","DOIUrl":"https://doi.org/10.47509/ajeb.2022.v03i02.06","url":null,"abstract":"Due to Covid-19 pandemic, Thailand has been shut down to prevent the spread of the virus. The delivery food application has received more interest from the consumers. Grabfood delivery food application played the major role in the food delivery market with the market share 76 percent in 2019. The aim of this research was to study consumers’ behaviors in the Bangkok area ordering delivery food via GrabFood application during the pandemic of COVID-19. Sample size was 385 collected via online questionnaires. The result showed that most of the observations were female, aged 20 to 30 years old, and most of them were single. Their education level were bachelor’s degree which mostly were private employees with monthly income 15,001- 25,000 Baht. For the customers’ behavior toward using GrabFood delivery application, the average spending was 151-300 Baht each time. The popular type of food and period ordered was Fast Food at 6:01 - 9:00 p.m. on Saturday. Most of the respondents knowed GrabFood from online advertisement.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89067720","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}
Pub Date : 2022-01-01DOI: 10.47509/ajef.2022.v04i03.05
Farzana Chowdhury, S. Dey
Given the importance of the economic indicators on the economic growth in Bangladesh, this paper examines the shortrun and long run causality between remittance, imports, exports and GDP growth of Bangladesh using the data over the liberalized period 1976-2016. Applying the Johansen cointegration and elasticity concept, this study finds that variables are cointegrated as well a long run nexus between exports, imports, remittances and GDP growth in Bangladesh. Besides, the Granger Causality test in a VECM (Vector Error Correction Model) framework, this study finds unidirectional causality from import to growth in Bangladesh. The hardly surprising result, remittance does not show any feedback effect/causality in both the short run and long run. The possible interpretation may be that remittances mainly benefit the individual receivers. The finding also explores that exports, imports and remittances endorse each other in the short run
{"title":"CAUSAL LINK BETWEEN EXPORT, IMPORT, REMITTANCE AND ECONOMIC GROWTH IN BANGLADESH","authors":"Farzana Chowdhury, S. Dey","doi":"10.47509/ajef.2022.v04i03.05","DOIUrl":"https://doi.org/10.47509/ajef.2022.v04i03.05","url":null,"abstract":"Given the importance of the economic indicators on the economic growth in Bangladesh, this paper examines the shortrun and long run causality between remittance, imports, exports and GDP growth of Bangladesh using the data over the liberalized period 1976-2016. Applying the Johansen cointegration and elasticity concept, this study finds that variables are cointegrated as well a long run nexus between exports, imports, remittances and GDP growth in Bangladesh. Besides, the Granger Causality test in a VECM (Vector Error Correction Model) framework, this study finds unidirectional causality from import to growth in Bangladesh. The hardly surprising result, remittance does not show any feedback effect/causality in both the short run and long run. The possible interpretation may be that remittances mainly benefit the individual receivers. The finding also explores that exports, imports and remittances endorse each other in the short run","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"43 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86540755","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}
Pub Date : 2022-01-01DOI: 10.47509/ajeb.2022.v03i02.03
Shilpi Kapoor, Sonpreet Kaur
Agriculture sector has the largest share in employment and value added for many developing countries. This paper analyses the spatial contribution of agriculture sector to income, employment and per worker value added in top thirty countries which have highest share in agriculture sector in the World. The success of agricultural sector in income and employment has been designated to green revolution in India. China has proceeded with the process of structural change very rapidly. Ethiopia has the highest share of agriculture in employment which is an agriculture dominant country. The study gives clear picture that development of agriculture has been the essential element of structural transformation and will continue to be crucial in transformation in the future. The estimates of this study indicate that the changing role of agriculture in income and employment in the major countries followed by structural change has led to increasing the integration of the economies of the countries and their changing patterns of interlinkages between the agriculture sector and the other sectors in countries.
{"title":"CHANGING ROLE OF AGRICULTURE IN INCOME, EMPLOYMENT AND VALUE ADDED PER WORKER IN MAJOR COUNTRIES","authors":"Shilpi Kapoor, Sonpreet Kaur","doi":"10.47509/ajeb.2022.v03i02.03","DOIUrl":"https://doi.org/10.47509/ajeb.2022.v03i02.03","url":null,"abstract":"Agriculture sector has the largest share in employment and value added for many developing countries. This paper analyses the spatial contribution of agriculture sector to income, employment and per worker value added in top thirty countries which have highest share in agriculture sector in the World. The success of agricultural sector in income and employment has been designated to green revolution in India. China has proceeded with the process of structural change very rapidly. Ethiopia has the highest share of agriculture in employment which is an agriculture dominant country. The study gives clear picture that development of agriculture has been the essential element of structural transformation and will continue to be crucial in transformation in the future. The estimates of this study indicate that the changing role of agriculture in income and employment in the major countries followed by structural change has led to increasing the integration of the economies of the countries and their changing patterns of interlinkages between the agriculture sector and the other sectors in countries.","PeriodicalId":15124,"journal":{"name":"Journal of Asian Finance, Economics and Business","volume":"160 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78532593","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}
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