Pandemi sering dipahami sebagai penyakit yang menyebar secara global dan meliputi geografis yang sangat luas. Inilah yang terjadi saat ini, pandemi covid19 yang disebabkan oleh virus corona telah menembus batas-batas wilayah dan bahkan batas-batas logika. Terjadi dimana-mana dengan berbagai negative effect yang mengikutinya, termasuk juga menerobos dengan baik di wilayah Kabupaten Sidoajo, sebuah kabupaten yang memproklamirkan diri sebagai kota seribu UKM. Situasi yang demikian ditambah dengan kebijakan-kebijakan di tingkat pusat ataupun tingkat daerah tentu saja membawa dampak pada keseluruhan pelaku usaha di kabupaten ini. Ada pelaku usaha yang masih mampu bertahan dengan berbagai strateginya pun ada pula pelaku usaha yang babak belur karenanya. Memahami hal tersebut dengan memberdayakan metode hypothesis test proportion, hal ini coba untuk dianalisis dengan melibatkan 90 pelaku usaha sebagai sampel pengukuran pada level of significat 5%. Hasilnya menunjukkan bahwa proporsi keluhan pelaku usaha sektor informal yang menggeser transaksi unit kegiatan ekonominya ke media online adalah lebih sedikit dibanding proporsi keluhan pelaku usaha sektor informal yang tidak menggeser transaksi unit kegiatan ekonominya ke media online pada masa pandemi covid19 di kabupaten sidoarjo. Dengan demikian, penggeseran transaksi ke media online ini adalah lebih baik daripada tidak menggeser transaksi ke media online pada masa pandemi covid19 di kabupaten sidoarjo sebagai salah satu strategi mempertahankan keberadan unit kegiatan ekonominya.
{"title":"Ketahanan Sektor Informal Pada Masa Pandemi Covid19 Di Kabupaten Sidoarjo","authors":"Bambang Budiarto","doi":"10.33005/jedi.v3i2.67","DOIUrl":"https://doi.org/10.33005/jedi.v3i2.67","url":null,"abstract":"Pandemi sering dipahami sebagai penyakit yang menyebar secara global dan meliputi geografis yang sangat luas. Inilah yang terjadi saat ini, pandemi covid19 yang disebabkan oleh virus corona telah menembus batas-batas wilayah dan bahkan batas-batas logika. Terjadi dimana-mana dengan berbagai negative effect yang mengikutinya, termasuk juga menerobos dengan baik di wilayah Kabupaten Sidoajo, sebuah kabupaten yang memproklamirkan diri sebagai kota seribu UKM. Situasi yang demikian ditambah dengan kebijakan-kebijakan di tingkat pusat ataupun tingkat daerah tentu saja membawa dampak pada keseluruhan pelaku usaha di kabupaten ini. Ada pelaku usaha yang masih mampu bertahan dengan berbagai strateginya pun ada pula pelaku usaha yang babak belur karenanya. \u0000Memahami hal tersebut dengan memberdayakan metode hypothesis test proportion, hal ini coba untuk dianalisis dengan melibatkan 90 pelaku usaha sebagai sampel pengukuran pada level of significat 5%. Hasilnya menunjukkan bahwa proporsi keluhan pelaku usaha sektor informal yang menggeser transaksi unit kegiatan ekonominya ke media online adalah lebih sedikit dibanding proporsi keluhan pelaku usaha sektor informal yang tidak menggeser transaksi unit kegiatan ekonominya ke media online pada masa pandemi covid19 di kabupaten sidoarjo. Dengan demikian, penggeseran transaksi ke media online ini adalah lebih baik daripada tidak menggeser transaksi ke media online pada masa pandemi covid19 di kabupaten sidoarjo sebagai salah satu strategi mempertahankan keberadan unit kegiatan ekonominya.","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"489 1","pages":"349-360"},"PeriodicalIF":0.0,"publicationDate":"2020-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86784988","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}
Dalam dunia bisnis konsumen merupakan faktor penentu agar perusahaan tetap bertahan, sehingga sangat diperlukan pertimbangan untuk pemenuhan permintaan. Strategi perlu diterapkan untuk mengelola permintaan dengan baik yakni melalui peramalan permintaan, karena menyangkut pengambilan keputusan dalam perencanaan untuk memenuhi konsumen. UD Garam Samudra merupakan perusahaan yang bergerak dibidang pengolahan dan perdagangan garam ditahun 2019 mengalami masalah belum terpenuhinya permintaan karena ketidakpastian jumlah permintaan disetiap bulannya. Penelitian ini bertujuan memperoleh metode peramalan permintaan garam konsumsi beryodium di UD Garam Samudra yang tepat untuk memenuhi seluruh permintaan konsumen dimasa akan datang. Data yang digunakan yaitu data permintaan periode Januari–Desember 2019. Teknik analisis peramalan menggunakan Naive Method, Moving Averages, Weighted Moving Averages, Exponential Smoothing, dan Linear Regression dibantuan program QM for Windows. Hasil penelitian menunjukkan metode peramalan terpilih untuk memenuhi permintaan garam konsumsi beryodium di UD Garam Samudra yaitu Linear Regression karena memiliki tingkat kesalahan peramalan berdasarkan kriteria MSE terkecil dibanding metode lainnya.
{"title":"Analisis Peramalan Permintaan Produk Garam Konsumsi Beryodium Pada UD Garam Samudra","authors":"Roudlotul Badi'ah, Wiwik Handayani","doi":"10.33005/jedi.v3i2.62","DOIUrl":"https://doi.org/10.33005/jedi.v3i2.62","url":null,"abstract":"Dalam dunia bisnis konsumen merupakan faktor penentu agar perusahaan tetap bertahan, sehingga sangat diperlukan pertimbangan untuk pemenuhan permintaan. Strategi perlu diterapkan untuk mengelola permintaan dengan baik yakni melalui peramalan permintaan, karena menyangkut pengambilan keputusan dalam perencanaan untuk memenuhi konsumen. UD Garam Samudra merupakan perusahaan yang bergerak dibidang pengolahan dan perdagangan garam ditahun 2019 mengalami masalah belum terpenuhinya permintaan karena ketidakpastian jumlah permintaan disetiap bulannya. Penelitian ini bertujuan memperoleh metode peramalan permintaan garam konsumsi beryodium di UD Garam Samudra yang tepat untuk memenuhi seluruh permintaan konsumen dimasa akan datang. Data yang digunakan yaitu data permintaan periode Januari–Desember 2019. Teknik analisis peramalan menggunakan Naive Method, Moving Averages, Weighted Moving Averages, Exponential Smoothing, dan Linear Regression dibantuan program QM for Windows. Hasil penelitian menunjukkan metode peramalan terpilih untuk memenuhi permintaan garam konsumsi beryodium di UD Garam Samudra yaitu Linear Regression karena memiliki tingkat kesalahan peramalan berdasarkan kriteria MSE terkecil dibanding metode lainnya.","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"4 1","pages":"309-323"},"PeriodicalIF":0.0,"publicationDate":"2020-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82457878","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}
Indonesia was known as an agrarian country, a country that has economic fundamentals based on agriculture, including all of regions in Java island. For example Gresik as one of the regions in the territory of East Java province. The aims of study is to find out, study and develop alternative policies regarding efforts to optimize the potential of agricultural land used for food. This study uses qualitative in phenomenology approaches. That is, research conducted with observations for more than a year settled in the location to study and formulate proposals for problems that arise in the object of the research location. The results of this study showed that, land in Panceng-Gresik regency which incidentally is associated with pond land, apparently by the local community most of it is actually processed as agricultural land oriented to mango, banana, and ‘palawija’. Among 1000m2 there are 80 percent of which is used for agricultural land needs, and this helps in the local economic rotation of the local village. Suggestions that are consistent with the results of the study are the need for detailed and quantitative identification of land, as well as business preferences and planted crops. This needs to be done to improve the productivity of crops and the farmer’s welfare.
{"title":"Optimalisasi Potensi Lahan Pertanian Untuk Ketahanan Pangan di Kecamatan Panceng, Gresik, Jawa Timur","authors":"Ana Toni Roby Candra Yudha, Abdul Mu’izz","doi":"10.33005/jedi.v3i2.55","DOIUrl":"https://doi.org/10.33005/jedi.v3i2.55","url":null,"abstract":"Indonesia was known as an agrarian country, a country that has economic fundamentals based on agriculture, including all of regions in Java island. For example Gresik as one of the regions in the territory of East Java province. The aims of study is to find out, study and develop alternative policies regarding efforts to optimize the potential of agricultural land used for food. This study uses qualitative in phenomenology approaches. That is, research conducted with observations for more than a year settled in the location to study and formulate proposals for problems that arise in the object of the research location. The results of this study showed that, land in Panceng-Gresik regency which incidentally is associated with pond land, apparently by the local community most of it is actually processed as agricultural land oriented to mango, banana, and ‘palawija’. Among 1000m2 there are 80 percent of which is used for agricultural land needs, and this helps in the local economic rotation of the local village. Suggestions that are consistent with the results of the study are the need for detailed and quantitative identification of land, as well as business preferences and planted crops. This needs to be done to improve the productivity of crops and the farmer’s welfare.","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"106 1","pages":"297-308"},"PeriodicalIF":0.0,"publicationDate":"2020-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85901936","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}
Septyaningrum Septyanigrum, A. Wijayanti, Rosa Nikmatul Fajri
Profit is often used as a benchmark in achieving the performance results of a company in a certain period, where profit is an indicator to determine the state of the economy or company performance. With the financial ratios said to have uses if it can be used to predict economic phenomena that occur. One of them is profit change. The purpose of this research was to analyze Cash Turnover, Receivable Turnover, and Inventory Turnover on Profit Growth. The population in this research is LQ45 companies listed on the Indonesia Stock Exchange in 2017-2018 using purposive sampling techniques. The number of samples taken in this research were 15 companies using multiple linear analysis. The results showed that Accounts Receivable Turnover had an effect on Profit Growth, while Cash Turnover and Inventory Turnover had no effect on Profit Growth. The benefits of research to help investors support the decision making process, in addition to seeing the company's performance in generating profits.
{"title":"Determinan Current Asset Terhadap Pertumbuhan Laba","authors":"Septyaningrum Septyanigrum, A. Wijayanti, Rosa Nikmatul Fajri","doi":"10.33005/jedi.v3i2.65","DOIUrl":"https://doi.org/10.33005/jedi.v3i2.65","url":null,"abstract":"Profit is often used as a benchmark in achieving the performance results of a company in a certain period, where profit is an indicator to determine the state of the economy or company performance. With the financial ratios said to have uses if it can be used to predict economic phenomena that occur. One of them is profit change. The purpose of this research was to analyze Cash Turnover, Receivable Turnover, and Inventory Turnover on Profit Growth. The population in this research is LQ45 companies listed on the Indonesia Stock Exchange in 2017-2018 using purposive sampling techniques. The number of samples taken in this research were 15 companies using multiple linear analysis. The results showed that Accounts Receivable Turnover had an effect on Profit Growth, while Cash Turnover and Inventory Turnover had no effect on Profit Growth. The benefits of research to help investors support the decision making process, in addition to seeing the company's performance in generating profits.","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"1 1","pages":"324-335"},"PeriodicalIF":0.0,"publicationDate":"2020-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86306367","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 : 2020-08-28DOI: 10.1108/jed-04-2020-0036
O. Adeniyi, P. Ajayi, A. Adedeji
PurposeMany West African countries face the challenge of growth inclusiveness. The region is also facing challenges of equipping its teeming population with high-quality skills despite many reforms and initiatives introduced in the past. This study, thus, identifies education as a crucial contributory factor to growth inclusiveness in the region. It, therefore, examined the role of education in growth inclusiveness in West Africa between 1990 and 2017.Design/methodology/approachThe study utilised different proxies to capture quantity and quality dimensions of education. The unit root and ARDL “Bounds” tests were employed at a preliminary stage. Based on the preliminary tests, the study explored autoregressive distributed lags modelling technique to capture the short-run and long-run dynamic effects.FindingsThe empirical results reveal a positive impact of school enrolment measures in most of the countries in both short-run and long-run. Education quality measure exerts positive impact and significant in few countries under consideration.Practical implicationsThese countries should give adequate attention to quality when designing education policy to foster their inclusive growth.Originality/valueThis study highlights the critical role of education in the inclusive growth pursuit. Education quantity is important to growth inclusiveness but the quality of education is more fundamental. The quality of education possessed determine to a large extent, what individual can contribute to the productive activities within the economy and accessibility to benefits from economic prosperity.
{"title":"Education and inclusive growth in West Africa","authors":"O. Adeniyi, P. Ajayi, A. Adedeji","doi":"10.1108/jed-04-2020-0036","DOIUrl":"https://doi.org/10.1108/jed-04-2020-0036","url":null,"abstract":"PurposeMany West African countries face the challenge of growth inclusiveness. The region is also facing challenges of equipping its teeming population with high-quality skills despite many reforms and initiatives introduced in the past. This study, thus, identifies education as a crucial contributory factor to growth inclusiveness in the region. It, therefore, examined the role of education in growth inclusiveness in West Africa between 1990 and 2017.Design/methodology/approachThe study utilised different proxies to capture quantity and quality dimensions of education. The unit root and ARDL “Bounds” tests were employed at a preliminary stage. Based on the preliminary tests, the study explored autoregressive distributed lags modelling technique to capture the short-run and long-run dynamic effects.FindingsThe empirical results reveal a positive impact of school enrolment measures in most of the countries in both short-run and long-run. Education quality measure exerts positive impact and significant in few countries under consideration.Practical implicationsThese countries should give adequate attention to quality when designing education policy to foster their inclusive growth.Originality/valueThis study highlights the critical role of education in the inclusive growth pursuit. Education quantity is important to growth inclusiveness but the quality of education is more fundamental. The quality of education possessed determine to a large extent, what individual can contribute to the productive activities within the economy and accessibility to benefits from economic prosperity.","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89844107","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 : 2020-08-20DOI: 10.1108/jed-03-2020-0027
T. Nguyen
The purpose of this paper is to focus on measuring financial inclusion (FI) level for the developing countries.,By using a two-stage principal component analysis method, we construct a composite FI index to measure the degree of FI. Data are collected through secondary sources including World Bank and IMF reports for the period 2012–2018.,We have built an overall FI index which is considered as a comprehensive measure of FI, a useful tool for policymaking and policy evaluation. Comparison with other studies shows that our FI index corroborates with them.,Building a good FI measurement method is important for developing countries. It helps to assess and compare the level of FI of each country and between countries together, made easily and accurately.,This study emphasizes the important role of FI in the economy. From there, an FI solution is integrated into the construction and calculation of its impact on other factors. This will help policymakers to take effective measures to increase FI levels to achieve sustainable economic growth.
{"title":"Measuring financial inclusion: a composite FI index for the developing countries","authors":"T. Nguyen","doi":"10.1108/jed-03-2020-0027","DOIUrl":"https://doi.org/10.1108/jed-03-2020-0027","url":null,"abstract":"The purpose of this paper is to focus on measuring financial inclusion (FI) level for the developing countries.,By using a two-stage principal component analysis method, we construct a composite FI index to measure the degree of FI. Data are collected through secondary sources including World Bank and IMF reports for the period 2012–2018.,We have built an overall FI index which is considered as a comprehensive measure of FI, a useful tool for policymaking and policy evaluation. Comparison with other studies shows that our FI index corroborates with them.,Building a good FI measurement method is important for developing countries. It helps to assess and compare the level of FI of each country and between countries together, made easily and accurately.,This study emphasizes the important role of FI in the economy. From there, an FI solution is integrated into the construction and calculation of its impact on other factors. This will help policymakers to take effective measures to increase FI levels to achieve sustainable economic growth.","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"53 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73029609","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 : 2020-08-12DOI: 10.1108/jed-12-2019-0078
J. Gatsi, Michael Owusu Appiah
The study explores the relationship among economic growth, population growth, gross savings and energy consumption over the period 1987– 2017.,The autoregressive distributed lag (ARDL) bounds test approach by Pesaran et al. (2001) was employed to investigate variables for the study.,In the key findings, both gross savings and population growth negatively affect economic growth. However, energy consumption has positive impact on economic growth.,These findings call for policy portfolios to address the impacts of gross savings and population growth on economic development. In particular, the financial sector needs to be revamped to be more efficient in channeling funds from the surplus units to the deficit units. It is recommended that investment be made in financial and technological innovation to provide efficient access to credits and other financial products even though individual savings may not move with economic growth.,Many studies have explored the nexus between savings and economic growth without considering population growth and energy consumption. In this study, the relationship among savings, economic growth, population growth and energy consumption provide additional knowledge in policy formulation.
该研究探讨了1987年至2017年期间经济增长、人口增长、总储蓄和能源消耗之间的关系。采用Pesaran et al.(2001)的自回归分布滞后(ARDL)界检验方法对研究变量进行调查。在主要发现中，总储蓄和人口增长都对经济增长产生负面影响。然而，能源消费对经济增长有积极的影响。这些调查结果要求制定政策组合，以解决总储蓄和人口增长对经济发展的影响。特别是，金融部门需要改革，以便更有效地将资金从盈余单位输送到赤字单位。建议在金融和技术创新方面进行投资，以便提供获得信贷和其他金融产品的有效途径，即使个人储蓄可能不会随着经济增长而变化。许多研究在没有考虑人口增长和能源消耗的情况下探讨了储蓄和经济增长之间的关系。在这项研究中，储蓄、经济增长、人口增长和能源消费之间的关系为政策制定提供了额外的知识。
{"title":"Population growth, income growth and savings in Ghana","authors":"J. Gatsi, Michael Owusu Appiah","doi":"10.1108/jed-12-2019-0078","DOIUrl":"https://doi.org/10.1108/jed-12-2019-0078","url":null,"abstract":"The study explores the relationship among economic growth, population growth, gross savings and energy consumption over the period 1987– 2017.,The autoregressive distributed lag (ARDL) bounds test approach by Pesaran et al. (2001) was employed to investigate variables for the study.,In the key findings, both gross savings and population growth negatively affect economic growth. However, energy consumption has positive impact on economic growth.,These findings call for policy portfolios to address the impacts of gross savings and population growth on economic development. In particular, the financial sector needs to be revamped to be more efficient in channeling funds from the surplus units to the deficit units. It is recommended that investment be made in financial and technological innovation to provide efficient access to credits and other financial products even though individual savings may not move with economic growth.,Many studies have explored the nexus between savings and economic growth without considering population growth and energy consumption. In this study, the relationship among savings, economic growth, population growth and energy consumption provide additional knowledge in policy formulation.","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"13 1","pages":"281-296"},"PeriodicalIF":0.0,"publicationDate":"2020-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83674639","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 : 2020-07-31DOI: 10.1108/jed-04-2020-0045
A. Ndoricimpa
This study reexamines the sustainability of fiscal policy in Sweden.,To test the sustainability of fiscal policy, two approaches are used; the methodology of Kejriwal and Perron (2010), testing for multiple structural changes in a cointegrated regression model and time-varying cointegration test of Bierens and Martins (2010), and Martins (2015).,Using the first approach of testing for multiple structural changes in a cointegrated regression model, the results indicate that government spending and revenue are cointegrated with two breaks. An estimation of a two-break long-run model shows that the slope coefficient increases from 0.678 to 0.892 from the first to the second regime, implying that fiscal deficits were weakly sustainable in the first two regimes, from 1800 to 1943, and from 1944 to 1974. Further, results from time-varying cointegration test indicate that cointegration between spending and revenue in Sweden is time-varying. Fiscal deficits were found to be unsustainable for the periods 1801–1811, 1831–1838, 1853–1860 , 1872–1882, 1897–1902, 1929–1940 and 1976–1982 and weakly sustainable over the rest of the study period.,A number of implications arise from this study: (1) Accounting for breaks in cointegration analysis and in the estimation of the level relationship between spending and revenue is very important because ignoring breaks may lead to an overestimated slope coefficient and hence a bias on the magnitude of fiscal deficit sustainability. (2) In testing for cointegration between spending and revenue, assuming a constant cointegrating slope when it is actually time-varying can also be misleading because deficits can be sustainable for a period of time and unsustainable over another period.,The contribution of this study is three-fold; first, the study uses a long series of annual data spanning over a period of two centuries, from 1800 to 2011. Second, because of the importance of structural change in economics, to examine the existence of a level relationship between spending and revenue, the study uses the methodology of Kejriwal and Perron (2010) to test for multiple structural changes in a cointegrated regression model, as well as time-varying cointegration of Bierens and Martins (2010) and Martins (2015).
{"title":"The sustainability of Swedish fiscal policy: a re-examination","authors":"A. Ndoricimpa","doi":"10.1108/jed-04-2020-0045","DOIUrl":"https://doi.org/10.1108/jed-04-2020-0045","url":null,"abstract":"This study reexamines the sustainability of fiscal policy in Sweden.,To test the sustainability of fiscal policy, two approaches are used; the methodology of Kejriwal and Perron (2010), testing for multiple structural changes in a cointegrated regression model and time-varying cointegration test of Bierens and Martins (2010), and Martins (2015).,Using the first approach of testing for multiple structural changes in a cointegrated regression model, the results indicate that government spending and revenue are cointegrated with two breaks. An estimation of a two-break long-run model shows that the slope coefficient increases from 0.678 to 0.892 from the first to the second regime, implying that fiscal deficits were weakly sustainable in the first two regimes, from 1800 to 1943, and from 1944 to 1974. Further, results from time-varying cointegration test indicate that cointegration between spending and revenue in Sweden is time-varying. Fiscal deficits were found to be unsustainable for the periods 1801–1811, 1831–1838, 1853–1860 , 1872–1882, 1897–1902, 1929–1940 and 1976–1982 and weakly sustainable over the rest of the study period.,A number of implications arise from this study: (1) Accounting for breaks in cointegration analysis and in the estimation of the level relationship between spending and revenue is very important because ignoring breaks may lead to an overestimated slope coefficient and hence a bias on the magnitude of fiscal deficit sustainability. (2) In testing for cointegration between spending and revenue, assuming a constant cointegrating slope when it is actually time-varying can also be misleading because deficits can be sustainable for a period of time and unsustainable over another period.,The contribution of this study is three-fold; first, the study uses a long series of annual data spanning over a period of two centuries, from 1800 to 2011. Second, because of the importance of structural change in economics, to examine the existence of a level relationship between spending and revenue, the study uses the methodology of Kejriwal and Perron (2010) to test for multiple structural changes in a cointegrated regression model, as well as time-varying cointegration of Bierens and Martins (2010) and Martins (2015).","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91179689","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 : 2020-07-30DOI: 10.1108/jed-04-2020-0046
F. Ajide, J. Olayiwola
In this paper, we investigate the impact of remittances on control of corruption in Nigeria for a period of 1986–2016.,The study uses ARDL modeling framework, dynamic OLS estimation, variance decomposition and impulse response analysis to examine the relationship between the two variables.,The study finds that remittances significantly improve the control of corruption in Nigeria. We further examine the robustness test of the results using dynamic OLS estimation, variance decomposition and impulse response analysis. Our results remain significant and consistent to the earlier one reported in ARDL framework which supports the extant literature.,Our study suggests that international remittances can be used, through the cross-border transfer of norms and practices, to significantly impact the socioeconomic progresses of a country by reducing corruption.,The existing studies on the relationship between corruption and remittances document conflicting results. In addition, study on corruption - remittances nexus that specifically focuses on any African country is largely absent despite the fact that most of the countries in the region are recognized as highly corrupt. This paper provides insights on how remittances can be used as part of tool kits to control corruption in African nation.
{"title":"Remittances and corruption in Nigeria","authors":"F. Ajide, J. Olayiwola","doi":"10.1108/jed-04-2020-0046","DOIUrl":"https://doi.org/10.1108/jed-04-2020-0046","url":null,"abstract":"In this paper, we investigate the impact of remittances on control of corruption in Nigeria for a period of 1986–2016.,The study uses ARDL modeling framework, dynamic OLS estimation, variance decomposition and impulse response analysis to examine the relationship between the two variables.,The study finds that remittances significantly improve the control of corruption in Nigeria. We further examine the robustness test of the results using dynamic OLS estimation, variance decomposition and impulse response analysis. Our results remain significant and consistent to the earlier one reported in ARDL framework which supports the extant literature.,Our study suggests that international remittances can be used, through the cross-border transfer of norms and practices, to significantly impact the socioeconomic progresses of a country by reducing corruption.,The existing studies on the relationship between corruption and remittances document conflicting results. In addition, study on corruption - remittances nexus that specifically focuses on any African country is largely absent despite the fact that most of the countries in the region are recognized as highly corrupt. This paper provides insights on how remittances can be used as part of tool kits to control corruption in African nation.","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"88 2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82789312","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 : 2020-07-15DOI: 10.1108/jed-03-2020-0017
Trinh Pham, Nhan Le
This paper aims to analyse the asymmetric impacts of world oil price on macroeconomic variables in Vietnam, including domestic oil price, inflation and output growth.,The mixed data sampling (MIDAS) approach is employed to examine the impact of world oil price changes on macroeconomic variables as the former is high-frequency data (daily), and the latter is low-frequency data, usually monthly or quarterly.,Changes in world oil price cause asymmetric impacts on domestic oil price and inflation, but no significant effects on output growth. In terms of magnitude, a positive change in world oil price causes a stronger effect than a negative change in world oil price. In terms of timing, a positive change in world oil price causes a slow pass-through impact on domestic oil price and inflation. Meanwhile, domestic oil price and inflation decrease quickly following a negative change in world oil price.,This study investigates the asymmetric impact of oil price on the Vietnam economy in terms of both magnitude and timing, which is not explored by previous studies. In addition, it exploits daily information of oil price changes to analyse macroeconomic variables in lower frequency by employing MIDAS approach.
{"title":"A mixed data sampling approach to the asymmetric impacts of world oil price on macroeconomic variables in Vietnam","authors":"Trinh Pham, Nhan Le","doi":"10.1108/jed-03-2020-0017","DOIUrl":"https://doi.org/10.1108/jed-03-2020-0017","url":null,"abstract":"This paper aims to analyse the asymmetric impacts of world oil price on macroeconomic variables in Vietnam, including domestic oil price, inflation and output growth.,The mixed data sampling (MIDAS) approach is employed to examine the impact of world oil price changes on macroeconomic variables as the former is high-frequency data (daily), and the latter is low-frequency data, usually monthly or quarterly.,Changes in world oil price cause asymmetric impacts on domestic oil price and inflation, but no significant effects on output growth. In terms of magnitude, a positive change in world oil price causes a stronger effect than a negative change in world oil price. In terms of timing, a positive change in world oil price causes a slow pass-through impact on domestic oil price and inflation. Meanwhile, domestic oil price and inflation decrease quickly following a negative change in world oil price.,This study investigates the asymmetric impact of oil price on the Vietnam economy in terms of both magnitude and timing, which is not explored by previous studies. In addition, it exploits daily information of oil price changes to analyse macroeconomic variables in lower frequency by employing MIDAS approach.","PeriodicalId":34568,"journal":{"name":"Journal of Economics and Development","volume":"232 1","pages":"311-324"},"PeriodicalIF":0.0,"publicationDate":"2020-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74280875","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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