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Fiscal Policy Option for Abatement of Free Rider Society: The Role of Institutional Quality in Nigeria 减少搭便车社会的财政政策选择:制度质量在尼日利亚的作用
Pub Date : 2023-04-30 DOI: 10.47363/jesmr/2023(4)177
J. Orji, Silva Opuala Charles
The government revenue downward trend across the globe has a serious implication on provision of public good. And the consequences of free riding manifested by tax evasion impedes social progress. In this study, we examined the Fiscal Policy Option for Abatement of Free Rider Society: The Role of Institutional Quality with special focus on Nigerian economy. We deployed Quantile Regression Technique to assess the median impact of free-riding using government expenditure on economic and social services; comprised of: defense, health, road and construction, and education. Our finding shows that expenditure on defense reduces free riding when strategically managed but encourages free riding in the long run. Same result is shown with the government expenditure on health. Whereas, expenditure on education as well as road and construction discourages free riding. Also, the moderating role of institutional quality specifically, control of corruption decreases free riding and improve tax revenue generation. Growth of free riders in any society which comes in the form of tax evasion is effectively controlled by expenditure techniques of government guided by quality of institutions. The study recommended that: A special purpose vehicle from Federal Inland Revenue Service should be created as a ‘fiscal control unit’, to monitor electronic cash registers to be connected in hospitals, public schools and social services related departments in order to curb tax leakages due to free riders. Also, government should strengthen the campaign in favour of control of corruption as well as building strong institutions; rather than building strong private individuals who posed as sacred cow in punishment for tax evasion.
全球范围内的政府收入下降趋势对公共产品的提供产生了严重的影响。搭便车的后果表现为逃税,阻碍了社会进步。本研究以尼日利亚经济为研究对象,考察了缓解搭便车社会的财政政策选择:制度质量的作用。我们运用分位数回归技术评估了政府在经济和社会服务上的支出对搭便车的中位数影响;包括:国防、卫生、道路建设和教育。我们的发现表明,在战略管理下,国防支出减少了搭便车,但从长远来看,鼓励了搭便车。政府在卫生方面的支出也显示出同样的结果。然而,教育、道路和建设方面的支出不利于搭便车。此外,制度质量的调节作用,特别是控制腐败,减少搭便车,提高税收产生。在任何社会中,以逃税形式出现的搭便车者的增长都受到政府支出技术的有效控制,并受到制度质量的指导。该研究建议:应由联邦税务局设立一个特殊目的机构,作为“财政控制单位”,监督医院、公立学校和社会服务相关部门连接的电子收银机,以遏制因搭便车而造成的税收漏税。此外,政府应加强有利于控制腐败的运动,并建立强有力的制度;而不是建立强大的个人,让他们在逃税的惩罚中扮演神圣的角色。
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引用次数: 0
Entrepreneurship, Public Policy and Economic Development in Nigeria 尼日利亚的企业家精神、公共政策和经济发展
Pub Date : 2023-04-30 DOI: 10.47363/jesmr/2023(4)173
Oshilike Ijeoma Victoria
This study investigates the impact of public policy measures in entrepreneurship and economic development in Nigeria. Time series data covering the period from 1981 – 2021 was used. Data sourced from the World Development Indicators (WDI) provided by the World Bank 2021 and Central Bank of Nigeria Statistical Bulletin 2021 was use. The variables employed are Income per capita (IPC), Institutional (IQ) Quality, Research and Development (RD) and Capacity of SMEs (COS). Results showed that there is a positive relationship IPC and COS. IQ and RD are statistically insignificant, and IQ indicated a negative relationship. It was also observed that there is a positive relationship between the intercept and COS. This implies that the problem in Nigeria is not policy formulation but that of implementation. Thus, creating a gap or missing-link in the structure of public policy formulation and implementation in Nigeria. We recommend among others that all hands must be on deck at every level of government and amongst all social groups to achieve the goals of policy as it affects all. In addition, the government should create enabling environment for the local entrepreneurs to compete globally and create a level playing ground for entrepreneurship at the domestic level to thrive healthily. Additionally, entrepreneurs need to take advantage of the role of technology to improve their overall productivity
本研究调查了尼日利亚公共政策措施对企业家精神和经济发展的影响。使用1981 - 2021年的时间序列数据。数据来源于《2021年世界银行世界发展指标》和《2021年尼日利亚中央银行统计公报》。采用的变量是人均收入(IPC)、机构质量(IQ)、研发(RD)和中小企业能力(COS)。结果表明,IPC与COS呈正相关。IQ与RD无统计学意义,IQ呈负相关。还观察到,截距与COS之间存在正相关关系。这意味着尼日利亚的问题不在于政策的制定,而在于政策的执行。因此,在尼日利亚的公共政策制定和执行结构中造成了差距或缺失环节。除其他外,我们建议各级政府和所有社会团体必须全力以赴,以实现影响到所有人的政策目标。此外,政府应该为本地企业家创造有利的环境,使他们能够在全球竞争,并为国内创业创造一个公平的竞争环境,使其健康发展。此外,企业家需要利用技术的作用来提高他们的整体生产力
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引用次数: 0
Optimal Investment and Financing Decisions Under Cost Uncertainty 成本不确定性下的最优投融资决策
Pub Date : 2023-04-30 DOI: 10.47363/jesmr/2023(4)172
I. wu
In this paper, we employ the real options approach to study the impact of cost uncertainty on a firm’s optimal investment and financing decisions. The firm owns a perpetual right to an irreversible investment project, and the firm’s goal is to determine the optimal investment timing and level of coupon payments when the investment cost jumps upward at a random time. We find that the optimal investment threshold and level of coupon payments decrease with the jump intensity and the magnitude of the jump. The cost uncertainty gives the firm a stronger incentive to accept projects with risky cash flows. Furthermore, we examine the conflict of interests between the share- and bond-holders. We show that the debt overhang distortion and the asset substitution incentive decrease with the cost uncertainty. However, the effect of cost uncertainty on the incentive of asset substitution reverses in the region of low operating profits
本文采用实物期权方法研究成本不确定性对企业最优投融资决策的影响。企业对一个不可逆的投资项目拥有永久的权利,企业的目标是在投资成本随机上升时确定最优的投资时机和息票支付水平。我们发现,最优投资门槛和息票支付水平随跳跃强度和跳跃幅度而降低。成本的不确定性使公司更有动力接受现金流有风险的项目。此外,我们还研究了股票持有人和债券持有人之间的利益冲突。结果表明,随着成本的不确定性,债务过剩扭曲和资产替代激励减小。然而,在低营业利润区域,成本不确定性对资产替代激励的影响是相反的
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引用次数: 0
Pushover Analysis of Multi-Story Reinforced Concrete Frame Structure 多层钢筋混凝土框架结构的推覆分析
Pub Date : 2023-04-30 DOI: 10.47363/jesmr/2023(4)175
Ahmed Hassan, Ahmed Adan Yasin
Pushover analysis is a non-linear static procedure (NSP) used to examine the structural response of a building during the inelastic limit before it reaches the edge of partial or total collapse. In this study a model of multi-story reinforced concrete building along with applied loads is analyzed in powerful non-linear static procedure using computer software ETABS. A limited number of horizontal forces are then applied to imitate the impact of ground movement. The building is supposed as a 6-story building, no shear walls used in the model as the level of earthquake hazard assumed very low. Moreover, deformations are determined. The forces would then be increased gradually, NSPs convert multi-degree of freedom models to single-degree of freedom models utilizing a pushover analysis to determine capacity curve or pushover curve which is horizontal roof displacement vs base shear, This curve plot reveals the highest base motion that the structure can withstand, and then estimate the maximum global displacement by combining a ground response spectrum with the capacity curve.
推覆分析是一种非线性静力程序(NSP),用于检查建筑物在达到部分或全部倒塌边缘之前的非弹性极限期间的结构响应。本文利用计算机软件ETABS对多层钢筋混凝土建筑模型进行了强大的非线性静力分析。然后施加有限数量的水平力来模拟地面运动的影响。该建筑假定为6层建筑,由于假定地震危险性等级很低,模型中不使用剪力墙。此外,还确定了变形。然后力将逐渐增加,NSPs利用推覆分析将多自由度模型转换为单自由度模型,以确定能力曲线或推覆曲线,即水平屋顶位移与基础剪切,该曲线图显示了结构可以承受的最高基础运动,然后通过将地面反应谱与能力曲线相结合来估计最大整体位移。
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引用次数: 0
The Tawhidi Methodological Worldview as A Model of Circular Political Economy 作为循环政治经济学模型的塔希迪方法论世界观
Pub Date : 2023-04-30 DOI: 10.47363/jesmr/2023(4)176
M. Choudhury
The critique of mainstream socioeconomic reasoning in the light of the new yet opposing methodological worldview is explained by the specific problem of circular economy. Circular economy in its mainstream is functionally a macroeconomic concept disjointly constructed and explained away from any possible interrelations with microeconomics. Thereby, all the extra-domain of social and scientific phenomena are dissolved from mainstream socio-scientific reasoning. Yet reality is far from such a digitalized narrowed perception when viewed from the objectivity of the wellbeing criterion and its common sustainability prospect. In reference to such an opposing epistemic criticism the mainstream meaning of the General Flow of Goods and Services in the context of Circular Political Economy (CPE) is of exogenously separable connectivity of flows of inputs, resources, production, consumption, distribution, and re-circulation across financial and real economic sectors. Contrarily, from the participatory and unified organic linkages between micro-social entities aggregating to integrated society-wide unit of analysis, there is the new epistemic conception and methodology of a new GFGS-CPE understanding. This paper examines the emergent substantive methodological difference between the two worldviews – Tawhidi methodological contra mainstream
新的方法论世界观对主流社会经济推理的批判可以通过循环经济的具体问题来解释。主流的循环经济在功能上是一个宏观经济概念,与微观经济学没有任何可能的相互关系。因此,所有社会科学现象的外域都从主流社会科学推理中消解了。然而,从幸福标准的客观性及其共同的可持续性前景来看,现实远非这种数字化的狭隘看法。根据这种对立的认知批评,循环政治经济学(CPE)背景下的商品和服务一般流动的主流含义是金融和实体经济部门之间投入、资源、生产、消费、分配和再循环流动的外生可分离连通性。相反,从微观社会实体之间的参与性和统一的有机联系到整合的全社会分析单元,出现了新的GFGS-CPE理解的新的认识论概念和方法。本文考察了两种世界观之间新兴的实质性方法论差异——塔希迪方法论与主流方法论的对立
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引用次数: 0
Supply Side Liberalization and Foreign Exchange Management in Nigeria 尼日利亚的供给侧自由化和外汇管理
Pub Date : 2023-02-28 DOI: 10.47363/jesmr/2023(4)171
J. Orji
The daunting challenge of foreign exchange control in Nigeria has remained a burdensome economic issue to deal with economic management. Virtually in every socio-political debate, the exchange rate management is yet to be a resolved paradigm. This study empirically examined the supply side liberalization as proxy of personal diaspora remittance and exchange rate management in Nigeria. Technique of Vector Autoregression (VAR) was employed to examine the direction of shocks arising from the exchange movement with respect to diaspora remittances (REMIT), and foreign direct investment (FDI). The findings showed that, growth of remittance results in exchange rate appreciation when pass through official channel, and vice versa. While, controlling for FDI, exchange rate movement improves with growth of FDI in the short run, and decreases due to improper capital control mechanism. Policy recommendation has it that: The Nigerian Monetary Authority should harmonize the dual exchange rate aimed at maximizing the gains of capital control and achieve domestic monetary policy success; Government should implement friendly tax policies, zero charges and lowered administrative bottlenecks to clearing personal diaspora remittance inflow aimed at minimizing diversion of foreign capital into unofficial route.
尼日利亚外汇管制的艰巨挑战仍然是处理经济管理的一个繁重的经济问题。实际上,在每一场社会政治辩论中,汇率管理都有待解决。本研究实证考察了供给侧自由化对尼日利亚个人散居汇款和汇率管理的影响。采用向量自回归(VAR)技术来检验汇率变动对海外侨汇(REMIT)和外国直接投资(FDI)产生的冲击方向。研究结果表明,通过官方渠道汇款的增长导致汇率升值,反之亦然。而在控制FDI的情况下,汇率变动在短期内随着FDI的增长而改善,而由于资本管制机制不健全而下降。政策建议是:尼日利亚金融管理局应协调双重汇率,旨在使资本管制的收益最大化,实现国内货币政策的成功;政府应实施友好的税收政策、零收费和降低行政瓶颈,以清除个人散居侨民汇款流入,尽量减少外国资本流入非官方途径。
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引用次数: 0
Nuclear Fission or Fusion on Meeting Electricity Demand of Future Energy Source Economy and Policy 核裂变或核聚变满足未来能源经济和政策的电力需求
Pub Date : 2023-02-28 DOI: 10.47363/jesmr/2023(4)169
Rahele Zadfathollah, Bahman Zohuri
The announcement of the United States Department of Energy (DOE) on Tuesday, December 13, 2022 was a monumental milestone in nuclear Fusion research, where a “net energy gain driven by Inertia Fusion Confinement (ICF)” eventually, after almost 40 years of scientific efforts achieved for the first time in history by scientists from the Lawrence Livermore National Laboratory (LLNL) in California through its National Ignition Factify (NIF) program. For a long time since aftermath of “Manhattan Project”, scientists knew and had some clear concept of bringing sun energy to earth by means of “Fusion” process either via Magnetic Fusion Confinement (MFC)or ICF after their success of exploding their nuclear fission bomb through Nevada Test Site (NTS) via “Fission” process. Announcement of such an achievement by simply put it is one of the most impressive scientific feats of the 21st century as “Jennifer Granholm, secretary of U.S. Department of Energy said at a press conference. Such success puts production of electricity from nuclear energy of fusion puts it in different perspectives and it shows that researchers have been working on this for decades alongside of MCF and their efforts behind nuclear fission of Generation - IV (GEN-IV) reactors technology and manufacturing. In this short review paper, we describe all these issues of the differences between Fission and Fusion and each aspect of them being source of generating electricity to meet national and global demand for the source of it from nuclear point of view and not going to detail of renewable source of energy at this point.
美国能源部(DOE)于2022年12月13日星期二宣布,这是核聚变研究的一个里程碑,经过近40年的科学努力,加州劳伦斯利弗莫尔国家实验室(LLNL)的科学家们通过其国家点火装置(NIF)计划,最终实现了“由惯性聚变约束(ICF)驱动的净能量增益”。在“曼哈顿计划”之后的很长一段时间里,科学家们通过“裂变”过程在内华达州试验场(NTS)成功爆炸核裂变炸弹后,通过磁聚变约束(MFC)或ICF,通过“聚变”过程将太阳能带到地球,并有了一些明确的概念。美国能源部部长詹妮弗·格兰霍姆在记者招待会上表示:“简单地说,这是21世纪最令人印象深刻的科学成就之一。”这样的成功使核聚变发电从不同的角度来看,这表明研究人员已经在这方面工作了几十年,与MCF和他们在第四代核裂变(GEN-IV)反应堆技术和制造背后的努力。在这篇简短的评论文章中,我们描述了裂变和聚变之间的差异以及它们作为发电来源的每个方面的所有这些问题,以满足国家和全球对核能的需求,而不是在这一点上详细介绍可再生能源。
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引用次数: 0
Indirect Versus Direct Method of Preparing the Statement of Cash Flows: Which Method Enhances the Understandability and Relevance of Cash Flows Information to Users? 编制现金流量表的间接法与直接法:哪种方法能提高现金流量信息对使用者的可理解性和相关性?
Pub Date : 2023-02-28 DOI: 10.47363/jesmr/2023(4)170
Lau Chew King
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引用次数: 0
Marketing Strategy through Instagram Social Media 通过Instagram社交媒体的营销策略
Pub Date : 2022-12-31 DOI: 10.47363/jesmr/2022(3)167
W. Maguni, Abdul Wahid Mongkito
This research is motivated by the lack of knowledge of a company in utilizing Instagram Social Media as a tool to market its business. Usually, business actors do not really understand how to run a company well, this is one of the factors why marketing strategies are very important in running a business. This study aims to find out how the Marketing Strategy Through Instagram Social Media at Nazwa Hijab Kendari Shop. This study uses a type of research with a qualitative approach, using the Snowball Ball sampling technique. The objects in this study are the Owners of Nazwa Hijab Kendari, consumers, and employees regarding the marketing strategy at the Nazwa Hijab Kendari Store. The research instrument uses three indicators, namely interview guidelines, observation guidelines and documentation guidelines. The results of this study prove that partially Nazwa Hijab Kendari Store uses a marketing strategy in running a company using Instagram social media. The marketing strategy carried out is in the form of segmentation, targeting and positioning strategies in market segmentation. The Nazwa Hijab shop also uses a sharia marketing strategy by following the example of marketing carried out during the time of the Prophet Muhammad.
这项研究的动机是缺乏一家公司利用Instagram社交媒体作为营销其业务的工具的知识。通常,商业参与者并不真正了解如何经营好一家公司,这就是为什么营销策略在经营企业中非常重要的因素之一。本研究旨在了解Nazwa Hijab Kendari商店如何通过Instagram社交媒体进行营销策略。本研究采用了一种定性研究方法,使用雪球抽样技术。本研究以Nazwa Hijab Kendari的店主、消费者和员工为研究对象,研究Nazwa Hijab Kendari商店的营销策略。研究工具采用三个指标,即访谈准则、观察准则和文献准则。本研究的结果证明,部分Nazwa Hijab Kendari商店在使用Instagram社交媒体运营公司时使用了营销策略。所实施的营销策略是市场细分中的细分策略、目标策略和定位策略。Nazwa Hijab商店也采用了伊斯兰教的营销策略,效仿先知穆罕默德时期的营销模式。
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引用次数: 5
Project Management Trends that can Lead to its Success 导致项目成功的项目管理趋势
Pub Date : 2022-12-31 DOI: 10.47363/jesmr/2022(3)165
Ahmed Hassan
This article is based on 25 research and articles published by various authors, experts, students, and professors which were discussed or listed some of the most significant when it comes to trends that projects need to succeed, During the writing of this article, the best research published in the last 10 years was followed. As a result, it has been determined that projects require trends that take into consideration the people and the project itself
这篇文章是基于25项研究和各种作者,专家,学生和教授发表的文章,这些文章讨论或列出了一些最重要的项目成功趋势,在撰写这篇文章的过程中,遵循了过去10年发表的最好的研究。因此,已经确定项目需要考虑人员和项目本身的趋势
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引用次数: 0
期刊
Journal of Economics & Management Research
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