Osevwe-Okoroyibo Elizabeth Eloho, A. O. Emmanuel, A. Dabor, E. L. Dabor
The study examines tax revenue, capital market performance and foreign direct investment (FDI) in Nigeria. The broad objective of this study is to find out the relationship between tax revenue, capital market performance and FDI in Nigeria. The study adopted a longitudinal research design and covers a period of 1994-2021. Secondary data were obtained from annual report and bulletins of the Central Bank of Nigeria. This study employed the ADF and Philips-Perron (PP) unit root test, panel Johansen cointegration test, VAR model, dynamic ordinary least square regression, full modified ordinary least regression and pairwise granger. The findings amongst others revealed that; value added tax has a bidirectional relationship with foreign direct investment in Nigeria; company income tax has no significant relationship with foreign direct investment in Nigeria; custom and exercise duty has a unidirectional relationship with foreign direct investment in Nigeria; stock market capitalization has no significant relationship with foreign direct investment in Nigeria. Based on the findings, the study recommended amongst others that policy makers should concentrate effort on long run policies that will stimulate capital market development in Nigeria, Also, a healthier and more robust friendly foreign investment policies should be created and maintained and the government should partners with foreign investors to enhance capital market development in Nigeria.
{"title":"Tax Revenue, Capital Market Performance and Foreign Direct Investment in an Emerging Economy","authors":"Osevwe-Okoroyibo Elizabeth Eloho, A. O. Emmanuel, A. Dabor, E. L. Dabor","doi":"10.32479/ijefi.16043","DOIUrl":"https://doi.org/10.32479/ijefi.16043","url":null,"abstract":"The study examines tax revenue, capital market performance and foreign direct investment (FDI) in Nigeria. The broad objective of this study is to find out the relationship between tax revenue, capital market performance and FDI in Nigeria. The study adopted a longitudinal research design and covers a period of 1994-2021. Secondary data were obtained from annual report and bulletins of the Central Bank of Nigeria. This study employed the ADF and Philips-Perron (PP) unit root test, panel Johansen cointegration test, VAR model, dynamic ordinary least square regression, full modified ordinary least regression and pairwise granger. The findings amongst others revealed that; value added tax has a bidirectional relationship with foreign direct investment in Nigeria; company income tax has no significant relationship with foreign direct investment in Nigeria; custom and exercise duty has a unidirectional relationship with foreign direct investment in Nigeria; stock market capitalization has no significant relationship with foreign direct investment in Nigeria. Based on the findings, the study recommended amongst others that policy makers should concentrate effort on long run policies that will stimulate capital market development in Nigeria, Also, a healthier and more robust friendly foreign investment policies should be created and maintained and the government should partners with foreign investors to enhance capital market development in Nigeria. ","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141681380","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}
Olena Lukianykhina, Svitlana Suprunenko, Alla Slavkova, O. Skorba, Kostiantyn Zavrazhnyi
This study critically examines the nexus between tax legislation and digital innovation in Ukraine, focusing on the alignment of fiscal policy with the digital economy's growth. It analyzes the implications of Ukraine's tax reforms, including the Law "On Stimulating the Development of the Digital Economy in Ukraine," commonly referred to as the Diia City initiative, for promoting a robust digital economy. This research evaluates the effectiveness of these reforms in fostering digital advancements and their impact on sustainable economic development. Employing a comprehensive multidisciplinary approach, it researches into the theoretical and practical aspects of tax policies, particularly those targeting the digital sector. The findings suggest Ukraine's strategic positioning for leveraging digital innovation, underpinned by legislative reforms such as amendments to the Tax Code of Ukraine that cater to the IT industry through specific tax regulations through a conducive fiscal environment. This paper highlights the transformative potential of digital innovations and the critical need for tax legislation to evolve in tandem with technological advancements. Recommendations for ensuring the sustained success of Ukraine's digital and economic reform efforts emphasize the importance of addressing existing obstacles and perpetually refining fiscal policies.
本研究批判性地审视了乌克兰税收立法与数字创新之间的关系，重点关注财政政策与数字经济增长的一致性。它分析了乌克兰税收改革的影响，包括《刺激乌克兰数字经济发展法》（通常称为 "迪亚城倡议"），以促进数字经济的蓬勃发展。本研究评估了这些改革在促进数字进步方面的有效性及其对经济可持续发展的影响。本研究采用多学科综合方法，对税收政策的理论和实践方面进行了研究，尤其是针对数字行业的税收政策。研究结果表明了乌克兰利用数字创新的战略定位，其基础是立法改革，如乌克兰税法修正案，通过有利的财政环境制定具体的税收法规，以满足 IT 行业的需求。 本文强调了数字创新的变革潜力，以及税收立法与技术进步同步发展的迫切需要。为确保乌克兰数字和经济改革工作取得持续成功而提出的建议强调了解决现有障碍和不断完善财政政策的重要性。
{"title":"Digital Innovations in the Fiscal Policy of Ukraine: Promoting Sustainable Economic Development","authors":"Olena Lukianykhina, Svitlana Suprunenko, Alla Slavkova, O. Skorba, Kostiantyn Zavrazhnyi","doi":"10.32479/ijefi.16202","DOIUrl":"https://doi.org/10.32479/ijefi.16202","url":null,"abstract":"This study critically examines the nexus between tax legislation and digital innovation in Ukraine, focusing on the alignment of fiscal policy with the digital economy's growth. It analyzes the implications of Ukraine's tax reforms, including the Law \"On Stimulating the Development of the Digital Economy in Ukraine,\" commonly referred to as the Diia City initiative, for promoting a robust digital economy. This research evaluates the effectiveness of these reforms in fostering digital advancements and their impact on sustainable economic development. Employing a comprehensive multidisciplinary approach, it researches into the theoretical and practical aspects of tax policies, particularly those targeting the digital sector. The findings suggest Ukraine's strategic positioning for leveraging digital innovation, underpinned by legislative reforms such as amendments to the Tax Code of Ukraine that cater to the IT industry through specific tax regulations through a conducive fiscal environment. This paper highlights the transformative potential of digital innovations and the critical need for tax legislation to evolve in tandem with technological advancements. Recommendations for ensuring the sustained success of Ukraine's digital and economic reform efforts emphasize the importance of addressing existing obstacles and perpetually refining fiscal policies.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683845","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}
The purpose of this study aims to improve risk control, mitigation, and interbank risk comparison by advocating for Mauritian banks to adopt a standardised operational risk definition. The study suggests improving operational risk reduction or hedging, encouraging openness in risk management capabilities, and standardising risk assessment methods in accordance with Bank of Mauritius requirements. The study also recommends that banks create operational risk management committees to supervise risk control and mitigation initiatives. These committees should be composed of experienced personnel who are well-versed in the consequences of operational risk in the banking industry. Using a mixed-method approach, insights are obtained from various banks operating in Mauritius, with data acquired from a substantial sample of 150 participants. Targeting Mauritian bankers, questionnaires were distributed across reputable banks, and data were meticulously collected and analysed. The findings highlight contemporary concerns regarding economic well-being and the security of assets held by banks. It is recommended to implement changes on a modest scale initially, subject to close monitoring over a specified period, with the possibility of gradual expansion if successful outcomes ensue. In conclusion, this research is significant due to the limited exploration into operational risk management within the Mauritian context.
{"title":"Enhancing Operational Risk Management in the Mauritian Banking Sector: A Structured Approach","authors":"Lovena Ramdani, Sharanam Abbana, Ferina Marimuthu","doi":"10.32479/ijefi.16153","DOIUrl":"https://doi.org/10.32479/ijefi.16153","url":null,"abstract":"The purpose of this study aims to improve risk control, mitigation, and interbank risk comparison by advocating for Mauritian banks to adopt a standardised operational risk definition. The study suggests improving operational risk reduction or hedging, encouraging openness in risk management capabilities, and standardising risk assessment methods in accordance with Bank of Mauritius requirements. The study also recommends that banks create operational risk management committees to supervise risk control and mitigation initiatives. These committees should be composed of experienced personnel who are well-versed in the consequences of operational risk in the banking industry. Using a mixed-method approach, insights are obtained from various banks operating in Mauritius, with data acquired from a substantial sample of 150 participants. Targeting Mauritian bankers, questionnaires were distributed across reputable banks, and data were meticulously collected and analysed. The findings highlight contemporary concerns regarding economic well-being and the security of assets held by banks. It is recommended to implement changes on a modest scale initially, subject to close monitoring over a specified period, with the possibility of gradual expansion if successful outcomes ensue. In conclusion, this research is significant due to the limited exploration into operational risk management within the Mauritian context.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683106","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}
N. Chowdhury, Nurul Shahnaz Mahdzan, Mahfuzur Rahman
Over the last century, global stock markets have crashed multiple times, leading to bankruptcy and unemployment and making individuals highly cautious about investing. Hence, individual investors in developing markets are highly prone to behavioural biases in their investment decisions, which influence their investment experience. The objective of this study is to examine the relationships between behavioural factors and investment experience, as well as the moderating effect of financial knowledge on individual investors in Bangladesh. Data was analysed using the partial least squares structural equation modelling (PLS-SEM) technique. The results revealed that behavioural factors such as anchoring, gambler’s fallacy, social interaction, and locus of control significantly influenced individual investors’ investment experiences. Moreover, financial knowledge had a moderating effect on these relationships. The study has important implications for investors, as it highlights the potential pitfalls of behavioural factors and the importance of financial knowledge in investors’ investment experience. The study’s findings imply that the government should develop new market opportunities through innovative products and take the necessary steps to incorporate regulations that will offer investors a better market experience.
{"title":"Beyond Intuition: The Role of Financial Knowledge in Navigating Investments in Emerging Markets","authors":"N. Chowdhury, Nurul Shahnaz Mahdzan, Mahfuzur Rahman","doi":"10.32479/ijefi.16496","DOIUrl":"https://doi.org/10.32479/ijefi.16496","url":null,"abstract":"Over the last century, global stock markets have crashed multiple times, leading to bankruptcy and unemployment and making individuals highly cautious about investing. Hence, individual investors in developing markets are highly prone to behavioural biases in their investment decisions, which influence their investment experience. The objective of this study is to examine the relationships between behavioural factors and investment experience, as well as the moderating effect of financial knowledge on individual investors in Bangladesh. Data was analysed using the partial least squares structural equation modelling (PLS-SEM) technique. The results revealed that behavioural factors such as anchoring, gambler’s fallacy, social interaction, and locus of control significantly influenced individual investors’ investment experiences. Moreover, financial knowledge had a moderating effect on these relationships. The study has important implications for investors, as it highlights the potential pitfalls of behavioural factors and the importance of financial knowledge in investors’ investment experience. The study’s findings imply that the government should develop new market opportunities through innovative products and take the necessary steps to incorporate regulations that will offer investors a better market experience. ","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683691","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}
This article introduces a systematic approach for developing a targeted comprehensive program aimed at enhancing the rural labor market (TCPDRLM) in labor-surplus regions of the Republic of Uzbekistan, within a socially oriented market economy. The paper outlines key interconnected principles for the development of TCPDRLM, including target orientation, complexity, integration, specificity, variability, realism, optimality, priority, delineation of powers and functions, limitations, targeting, controllability, and interconnectedness. Based on these principles, the article proposes interrelated sections for the program’s development, covering analytical and problematic aspects, target delineation, scientific and methodological frameworks, information management, modeling, software development, resource allocation, organizational and economic structuring, summary formulation, and legal considerations. Additionally, the article details the primary stages of TCPDRLM development, including setting objectives for the rural labor market (RLM), developing methodological and modeling frameworks for RLM analysis and forecasting, collecting statistical, marketing, and sociological data, compiling the TCPDRLM subprograms, obtaining approval for the RLM development program, and establishing organizational, economic, and legal mechanisms for program implementation and adjustment. The article's scientific contribution lies in the formulated methodology for TCPDRLM development in the rural labor market.
{"title":"Fundamentals of Targeted Integrative Program Development for Rural Labor Market Growth in Surplus Regions","authors":"K. S. Rakhmatovich","doi":"10.32479/ijefi.16530","DOIUrl":"https://doi.org/10.32479/ijefi.16530","url":null,"abstract":"This article introduces a systematic approach for developing a targeted comprehensive program aimed at enhancing the rural labor market (TCPDRLM) in labor-surplus regions of the Republic of Uzbekistan, within a socially oriented market economy. The paper outlines key interconnected principles for the development of TCPDRLM, including target orientation, complexity, integration, specificity, variability, realism, optimality, priority, delineation of powers and functions, limitations, targeting, controllability, and interconnectedness. Based on these principles, the article proposes interrelated sections for the program’s development, covering analytical and problematic aspects, target delineation, scientific and methodological frameworks, information management, modeling, software development, resource allocation, organizational and economic structuring, summary formulation, and legal considerations. Additionally, the article details the primary stages of TCPDRLM development, including setting objectives for the rural labor market (RLM), developing methodological and modeling frameworks for RLM analysis and forecasting, collecting statistical, marketing, and sociological data, compiling the TCPDRLM subprograms, obtaining approval for the RLM development program, and establishing organizational, economic, and legal mechanisms for program implementation and adjustment. The article's scientific contribution lies in the formulated methodology for TCPDRLM development in the rural labor market.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683481","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}
This study examines the impact of microfinancing on the livelihoods of farmers in Nueva Ecija, Philippines, with the ultimate goal of formulating a comprehensive financial literacy plan. By analyzing the profile, status, and future prospects of these farmers, the research highlights how microfinance is utilized as a critical tool for economic stability and growth within the agricultural sector. The study identifies significant barriers to accessing microfinancing, including stringent loan conditions and the seasonal uncertainties of farming, which often hinder timely loan repayments and financial planning. Findings suggest that while microfinance has the potential to substantially improve farmers' economic conditions, its effectiveness is currently limited by a lack of financial literacy, inadequate loan flexibility, and insufficient alignment with the specific needs of farmers. As a result, many farmers experience challenges in securing and managing microfinance, thereby affecting their productivity and economic resilience. In response, targeted interventions are proposed to enhance the financial literacy of farmers, coupled with recommendations for microfinance institutions to adapt their products and services to better meet the needs of the agricultural sector. These initiatives aim to empower farmers with the necessary skills and resources to optimize their financial decisions and improve their livelihoods sustainably. The study underscores the need for a collaborative approach involving government bodies, educational institutions, and financial organizations to foster a supportive ecosystem that enhances the viability and sustainability of farming communities in Nueva Ecija.
{"title":"Empowering Nueva Ecija’s Farmers through Microfinancing: A Blueprint for Enhancing Financial Literacy and Agricultural Resilience","authors":"Jennifer G Fronda","doi":"10.32479/ijefi.16330","DOIUrl":"https://doi.org/10.32479/ijefi.16330","url":null,"abstract":"This study examines the impact of microfinancing on the livelihoods of farmers in Nueva Ecija, Philippines, with the ultimate goal of formulating a comprehensive financial literacy plan. By analyzing the profile, status, and future prospects of these farmers, the research highlights how microfinance is utilized as a critical tool for economic stability and growth within the agricultural sector. The study identifies significant barriers to accessing microfinancing, including stringent loan conditions and the seasonal uncertainties of farming, which often hinder timely loan repayments and financial planning. Findings suggest that while microfinance has the potential to substantially improve farmers' economic conditions, its effectiveness is currently limited by a lack of financial literacy, inadequate loan flexibility, and insufficient alignment with the specific needs of farmers. As a result, many farmers experience challenges in securing and managing microfinance, thereby affecting their productivity and economic resilience. In response, targeted interventions are proposed to enhance the financial literacy of farmers, coupled with recommendations for microfinance institutions to adapt their products and services to better meet the needs of the agricultural sector. These initiatives aim to empower farmers with the necessary skills and resources to optimize their financial decisions and improve their livelihoods sustainably. The study underscores the need for a collaborative approach involving government bodies, educational institutions, and financial organizations to foster a supportive ecosystem that enhances the viability and sustainability of farming communities in Nueva Ecija.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141680889","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}
Nguyen Thi Mo, Cao Minh Tien, Tran Thi Lan Anh, Tran Van Hai
The outcomes of financial analysis serve as the basis for crucial decision-making in business operations. However, many small-scale securities companies tend to overlook this aspect. This study aims to investigate the relationship between financial analysis activities and business outcomes of small-scale securities companies in Vietnam. Data were collected from 92 respondents working in 27 small-scale securities companies (with owner equity of less than 250 billion Vietnamese Dong), holding positions such as management (directors, assistant directors, financial directors, chief accountants) and staff (financial and accounting personnel) involved in financial and accounting operations of Vietnamese securities companies. Sampling was conducted selectively from September 2023 to December 2023. Utilizing quantitative research, the Partial Least Squares Structural Equation Modeling (PLS-SEM) method was employed using SPSS 20 and AMOS 20 software. Results indicate that Financial Analysis Method (MAF) and Financial Analysis Content (variable FAC) positively influence financial analysis activities of small securities companies. Recommendations to enhance securities companies' business outcomes include (i) employing the EVA technique in financial analysis, (ii) improving management capabilities in financial report analysis, (iii) enhancing the skills of accounting and financial staff, and (iv) applying and operating professional ethical principles.
{"title":"Human Resource Management Factors in Financial Analysis of Securities Companies","authors":"Nguyen Thi Mo, Cao Minh Tien, Tran Thi Lan Anh, Tran Van Hai","doi":"10.32479/ijefi.16348","DOIUrl":"https://doi.org/10.32479/ijefi.16348","url":null,"abstract":"The outcomes of financial analysis serve as the basis for crucial decision-making in business operations. However, many small-scale securities companies tend to overlook this aspect. This study aims to investigate the relationship between financial analysis activities and business outcomes of small-scale securities companies in Vietnam. Data were collected from 92 respondents working in 27 small-scale securities companies (with owner equity of less than 250 billion Vietnamese Dong), holding positions such as management (directors, assistant directors, financial directors, chief accountants) and staff (financial and accounting personnel) involved in financial and accounting operations of Vietnamese securities companies. Sampling was conducted selectively from September 2023 to December 2023. Utilizing quantitative research, the Partial Least Squares Structural Equation Modeling (PLS-SEM) method was employed using SPSS 20 and AMOS 20 software. Results indicate that Financial Analysis Method (MAF) and Financial Analysis Content (variable FAC) positively influence financial analysis activities of small securities companies. Recommendations to enhance securities companies' business outcomes include (i) employing the EVA technique in financial analysis, (ii) improving management capabilities in financial report analysis, (iii) enhancing the skills of accounting and financial staff, and (iv) applying and operating professional ethical principles.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141682525","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}
This paper examines the potential effects of Brexit on income inequality in the United Kingdom (UK) and utilizes empirical methods to predict these effects. The study focuses on the impact of trade and Foreign Direct Investment (FDI) on income inequality, using macroeconomic data from 1971 to 2019. By employing cointegration techniques and an Error Correction Model (ECM) on annual time series data, the analysis reveals that higher levels of trade have historically reduced income inequality in the UK over the long term. Consequently, changes in trade resulting from Brexit are expected to have a negative influence on the distribution of income and wealth in the UK. On the other hand, the study finds that higher FDI has only had a short-term negative effect on income distribution in the UK.
{"title":"Free Trade Agreements and Inequality: The Prospect for the UK Post-Brexit","authors":"Osama Alfalah, Mohammad Ali, Abdullah Alhammadi","doi":"10.32479/ijefi.15443","DOIUrl":"https://doi.org/10.32479/ijefi.15443","url":null,"abstract":"This paper examines the potential effects of Brexit on income inequality in the United Kingdom (UK) and utilizes empirical methods to predict these effects. The study focuses on the impact of trade and Foreign Direct Investment (FDI) on income inequality, using macroeconomic data from 1971 to 2019. By employing cointegration techniques and an Error Correction Model (ECM) on annual time series data, the analysis reveals that higher levels of trade have historically reduced income inequality in the UK over the long term. Consequently, changes in trade resulting from Brexit are expected to have a negative influence on the distribution of income and wealth in the UK. On the other hand, the study finds that higher FDI has only had a short-term negative effect on income distribution in the UK.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141683479","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}
Low levels of financial literacy continue to persist around the world with women, the poor, lowly educated groups and the youth possessing the least levels of financial literacy. Research has shown that both financial education and financial experience can help boost levels of financial literacy. Despite this, there remains no conceptual framework that shows how financial education and financial experience can be used to boost levels of financial literacy. The purpose of this study is to propose a conceptual framework that links financial literacy, financial education, and financial experience. This paper is based on a literature review of journals on financial literacy, financial education, and financial experience that were published on both Google Scholar, Semantic Scholar, and Scopus from 2018 to 2023. Variables that emerged from the literature review were used to construct a conceptual framework. The findings of this study reveal that financial education and financial experience can be used to enhance financial literacy levels. Thus, it can be concluded that both financial education and financial experience can help to improve levels of financial literacy among individuals and various groups.
{"title":"Financial Literacy, Financial Education and Financial Experience: Conceptual Framework","authors":"Nancy Neoyame Chabaefe, A. Qutieshat","doi":"10.32479/ijefi.15627","DOIUrl":"https://doi.org/10.32479/ijefi.15627","url":null,"abstract":"Low levels of financial literacy continue to persist around the world with women, the poor, lowly educated groups and the youth possessing the least levels of financial literacy. Research has shown that both financial education and financial experience can help boost levels of financial literacy. Despite this, there remains no conceptual framework that shows how financial education and financial experience can be used to boost levels of financial literacy. The purpose of this study is to propose a conceptual framework that links financial literacy, financial education, and financial experience. This paper is based on a literature review of journals on financial literacy, financial education, and financial experience that were published on both Google Scholar, Semantic Scholar, and Scopus from 2018 to 2023. Variables that emerged from the literature review were used to construct a conceptual framework. The findings of this study reveal that financial education and financial experience can be used to enhance financial literacy levels. Thus, it can be concluded that both financial education and financial experience can help to improve levels of financial literacy among individuals and various groups.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141681753","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}
This study examines the impact of Corruption, government effectiveness and political stability on economic growth in Morocco. We conduct an empirical analysis to quantify the impact of institutional quality on economic growth over the period 1996 – 2021 by employing Two Stage Least Squares (2SLS). The findings reveal that corruption has a significant negative influence on economic growth, highlighting the importance of anti-corruption measures. On the other hand, political stability emerges as a key driver of economic growth, emphasizing the need for stable political environments to attract investments and foster entrepreneurship. Additionally, the growth of the public spending negatively affects GDP per capita, stressing the significance of prudent fiscal policies and effective public sector management. This research emphasizes the critical role of institutions, political stability, and efficient governance in driving economic growth. Policymakers can leverage these insights to enhance these institutional quality indicators and foster sustainable and inclusive economic development.
本研究探讨了腐败、政府效率和政治稳定性对摩洛哥经济增长的影响。我们采用两阶段最小二乘法（2SLS）进行了实证分析，以量化 1996-2021 年间制度质量对经济增长的影响。研究结果表明，腐败对经济增长有显著的负面影响，这凸显了反腐败措施的重要性。另一方面，政治稳定成为经济增长的主要驱动力，强调了稳定的政治环境对吸引投资和培养企业家精神的必要性。此外，公共支出的增长对人均 GDP 有负面影响，这强调了审慎的财政政策和有效的公共部门管理的重要性。这项研究强调了制度、政治稳定和高效治理在推动经济增长方面的关键作用。政策制定者可以利用这些见解来提高这些制度质量指标，促进可持续和包容性经济发展。
{"title":"Effects of Corruption, Government Effectiveness and Political stability on Economic Growth: Evidence from Morocco","authors":"Oussama Ritahi, Abdellah Echaoui","doi":"10.32479/ijefi.16225","DOIUrl":"https://doi.org/10.32479/ijefi.16225","url":null,"abstract":"This study examines the impact of Corruption, government effectiveness and political stability on economic growth in Morocco. We conduct an empirical analysis to quantify the impact of institutional quality on economic growth over the period 1996 – 2021 by employing Two Stage Least Squares (2SLS). The findings reveal that corruption has a significant negative influence on economic growth, highlighting the importance of anti-corruption measures. On the other hand, political stability emerges as a key driver of economic growth, emphasizing the need for stable political environments to attract investments and foster entrepreneurship. Additionally, the growth of the public spending negatively affects GDP per capita, stressing the significance of prudent fiscal policies and effective public sector management. This research emphasizes the critical role of institutions, political stability, and efficient governance in driving economic growth. Policymakers can leverage these insights to enhance these institutional quality indicators and foster sustainable and inclusive economic development.","PeriodicalId":30329,"journal":{"name":"International Journal of Economics and Financial Issues","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141681870","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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