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The Economic Assessment of The Production and Technical Efficiency of Bakeries with A Focus on Social Factor Using Stochastic Frontier Analysis 基于随机前沿分析的面包房生产与技术效率经济评价——以社会因素为中心
Q4 Economics, Econometrics and Finance Pub Date : 2021-09-01 DOI: 10.22059/IER.2021.84135
J. Shahraki, A. Shahraki, Neda Ali Ahmadi, Zeynab Radmehr
Determining the extent to which the bakeries of Gonabad, Iran have succeeded in the optimal use of certain resources and to explore the possibility of production increase with a certain set of production resources and factors, the technical efficiency of bakeries in this city was estimated. Data were collected from 98 bakeries in Gonabad using simple randomization in 2016. To accomplish research objectives, the stochastic frontier production function and technical inefficiency were simultaneously estimated by the Cabb-Douglas production function. The results showed that the average technical efficiency of the bakeries is 71.12% influenced positively and significantly by the variables of flour and labor. Also, bakers’ age and experience had a negative relationship with their technical inefficiency, but their educational level had no significant effect. On the other hand, the difference between the minimum and maximum technical efficiency was calculated to be 72.75%. According to the results, experience is a requirement to enhance production and efficiency.
确定了伊朗Gonabad的面包房在一定程度上成功地优化利用了某些资源,并探索了在一定的生产资源和要素下增加产量的可能性,估计了该城市面包房的技术效率。2016年,采用简单随机方法从戈纳巴德的98家面包店收集数据。为实现研究目标,采用Cabb-Douglas生产函数同时估计随机前沿生产函数和技术无效率。结果表明:面粉和劳动力对烘焙企业的平均技术效率有显著的正向影响,平均技术效率为71.12%;此外,面包师的年龄和经验对其技术无效率有负相关,而教育程度对其无显著影响。另一方面,计算出最小技术效率与最大技术效率之差为72.75%。根据结果,经验是提高产量和效率的必要条件。
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引用次数: 0
The Relationship between Violent Crime and Misery Index: A Specific Case in Iran 暴力犯罪与痛苦指数的关系:以伊朗为例
Q4 Economics, Econometrics and Finance Pub Date : 2021-09-01 DOI: 10.22059/IER.2021.84145
Y. Dadgar, Mohammadjavad Moradalian, Seyed Hamidreza Hoseiny Mehr
The economic status of society does affect both kinds and amounts of violent crimes. This paper is going to analyze the relationships between some economic variables in Iran, on one hand, and violent crimes on the other: Economic growth, misery index, and female employment rate are the main economic variables in this research. Proxies of violent crimes in this paper include the number of intentional murders, number of unintentional murders, number of maiming, number of beating documents, and poising documents. Some findings of this paper indicate a positive and significant relationship between economic variables and violent crimes in question in Iran in both the short run and long run. The periods of study are 1981-2016. One policy implication for this work is that increasing the cost of committing the crime, decreasing the misery index, and progress in economic growth, all can decrease violent crimes in Iran.
社会的经济状况确实会影响暴力犯罪的种类和数量。本文将分析伊朗一些经济变量与暴力犯罪之间的关系:经济增长、痛苦指数和女性就业率是本研究的主要经济变量。本文选取的暴力犯罪代理包括故意杀人罪数量、非故意杀人罪数量、致残罪数量、殴打案件数和胁迫案件数。本文的一些研究结果表明,经济变量与伊朗的暴力犯罪在短期和长期都存在显著的正相关关系。研究期间为1981-2016年。这项工作的一个政策含义是,增加犯罪成本,降低痛苦指数,以及经济增长的进步,都可以减少伊朗的暴力犯罪。
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引用次数: 1
How are the Estimation of Investment Index and Its Improvement Strategy 如何估算投资指标及其改进策略
Q4 Economics, Econometrics and Finance Pub Date : 2021-09-01 DOI: 10.22059/IER.2021.83456
Nasikh
This study analyzes to describe and develop investments for small, medium, and large entrepreneurs and policymakers. There are 50 respondents (including experts in Investment Agency and Central Bureau of Statistics in Malang City, heads of sub-districts in Malang City, and businessmen in small, medium, and large-sized enterprises in Malang City). The research finding shows that the values of ICOR Lag 1 to Lag 3 are efficient. Therefore, the investment should be done in a long-term period. The potential areas for investment are located in three sub-districts in Malang City.
本研究分析描述和发展中小企业和大型企业家和决策者的投资。调查对象50人(包括马朗市投资局、中央统计局专家、马朗市街道负责人、马朗中小大型企业客商)。研究结果表明,ICOR滞后1到滞后3的值是有效的。因此,投资应该是长期的。潜在投资区域位于马朗市的三个街道。
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引用次数: 0
Analysis of Asymmetries in the Nexus between Tourism and Balance of Payments Deficit: An Updated Evidence from Pakistan 旅游业与国际收支逆差关系的不对称性分析——来自巴基斯坦的最新证据
Q4 Economics, Econometrics and Finance Pub Date : 2021-08-11 DOI: 10.22059/IER.2021.82848
M. Chishti, B. Hussain
The current study intends to securitize the asymmetric link between tourism and deficit in the balance of payments of Pakistan. To this end, the study deploys the annual data for 1976-2019, applying a novel cointegrating approach, viz, asymmetric Autoregressive-Distributed Lag (NARDL) technique. The Zivot and Andrews (1992) test is also deployed to capture the potential structural break. The findings confirm the non-linear cointegration among the selected series. Additionally, the results reveal that the deficit in the balance of payment (BOPs) responds to the positive and negative changes in the tourism atypically. Besides, the balance of trade deficit, real effective exchange rate, and fiscal balance deficit exhibit the direct association with BOPs deficit. Based on the outcomes, the study recommends some crucial policies to encourage the tourism sector in Pakistan as it has significant potential to reduce the deficit in the BOPs.
本研究旨在将旅游业与巴基斯坦国际收支逆差之间的不对称联系证券化。为此,该研究采用了一种新的协整方法,即非对称自回归分布滞后(NARDL)技术,部署了1976-2019年的年度数据。Zivot和Andrews(1992)测试也用于捕捉潜在的结构性断裂。研究结果证实了所选序列之间的非线性协整。此外,研究结果还表明,国际收支逆差对旅游业的正、负变化具有非典型的响应。此外,贸易逆差余额、实际有效汇率和财政平衡赤字与国际收支逆差直接相关。根据研究结果,该研究建议了一些关键政策,以鼓励巴基斯坦的旅游业,因为它有很大的潜力减少收支逆差。
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引用次数: 2
Newcomers' Priorities in Portfolio Selection: A Shannon Entropy Approach 投资组合选择中新来者的优先级:Shannon熵方法
Q4 Economics, Econometrics and Finance Pub Date : 2021-08-11 DOI: 10.22059/IER.2021.82849
Seyed Rasoul Salimi Rostami, A. Samimi, M. Paydar
Having a good stock portfolio, which is one of the most important factors in making money in the stock market, requires the correct choice of criteria. This issue for new stock traders in the Tehran Stock Exchange (TSE) who do more than 50 per cent of daily transactions in this market, due to their lack of sufficient experience, seems thoroughly essential. As a result, newcomers who were trading in the Tehran Stock Exchange in 2020 have been invited to participate in this study. After identifying the most influential variables in portfolio-selection via Delphi Method, these factors have been ranked based on Shannon’s Entropy Approach. The results show that Familiarity, Net Profit Ratio and Stock Price are respectively the main priorities of new entrants in choosing the stock portfolio. Besides, risk-related variables have generally the least importance in stock portfolio selection from the perspective of new entrants.
拥有一个好的股票投资组合是在股票市场上赚钱的最重要因素之一,这需要正确选择标准。对于德黑兰证券交易所(TSE)的新股票交易员来说,这个问题似乎是绝对必要的,因为他们缺乏足够的经验,在这个市场上进行50%以上的日常交易。因此,2020年在德黑兰证券交易所交易的新来者被邀请参加这项研究。通过德尔菲法确定了对投资组合选择影响最大的变量,并基于香农熵法对这些因素进行了排序。结果表明,熟悉度、净利润比率和股票价格分别是新进入者选择股票组合的主要优先考虑因素。此外,从新进入者的角度来看,风险相关变量在股票投资组合选择中的重要性通常是最低的。
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引用次数: 1
Measuring Price and Income Elasticity of Demand Function of the Iranian Imports 伊朗进口商品需求函数的价格和收入弹性测度
Q4 Economics, Econometrics and Finance Pub Date : 2021-06-19 DOI: 10.22059/IER.2021.81923
H. Ranjbar, H. Shamsi, Vahid Mohammadi, F. Mirzaii
Investigating the import demand function has particular importance in identifying the macroeconomic models and effectiveness and commercial efficiencies of the Iranian economy. For this reason, one of the major issues that can be addressed in the field of importing goods is the estimation of import demand function and investigating impacting factors on imports. Therefore, in this paper, throughout using seasonal data for the period 1992-2017 and applying the almost ideal demand system (AIDS) and using seemingly unrelated regression (SUR) econometric technique, we have estimated import price and income elasticities for five commodity groups based on one-digit tariffs code for the Iranian economy. The empirical results indicated that the import allocation pattern is single-stage and depends on the domestic sales. Also, the own-price elasticities had a negative sign which supports import behavior. Cross-price elasticities also showed a poor complementarity between the Other portable and metal commodities and, Social & personal services and Financial & business Services, domestic sales with Agricultural, forestry & fishing products, Other portable & metal commodities and Financial & business Services groups. The expenditure elasticities in five commodity groups were significant, except the first group, which implying effectiveness of demand for each commodity groups relative to income.
调查进口需求函数对于确定伊朗经济的宏观经济模型、有效性和商业效率具有特别重要的意义。因此,在进口商品领域可以解决的主要问题之一是估计进口需求函数和调查影响进口的因素。因此,在本文中,我们使用1992-2017年的季节性数据,应用几乎理想的需求系统(AIDS),并使用看似无关的回归(SUR)计量经济技术,根据伊朗经济的一位数关税代码,估计了五种商品组的进口价格和收入弹性。实证结果表明,进口配置模式是单阶段的,依赖于国内销售。此外,自身的价格弹性具有支持进口行为的负面迹象。交叉价格弹性也表明,其他便携式和金属商品、社会和个人服务、金融和商业服务、农产品、林业和渔业产品的国内销售、其他便携式和金属商品以及金融和商务服务集团之间的互补性较差。除第一组商品外,五个商品组的支出弹性显著,这意味着每个商品组的需求相对于收入的有效性。
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引用次数: 0
Nexus of Crime Rate, Misery Index and Urbanization in Pakistan 巴基斯坦犯罪率、悲惨指数与城市化的关系
Q4 Economics, Econometrics and Finance Pub Date : 2021-06-19 DOI: 10.22059/IER.2021.81926
S. Zaman
The co-existence of crime rate, misery index and urbanization has become an emerging challenge across the developing globe. The present research, primarily explores the economic and demographic factors affecting the crime rate in the country and also identify the co-incidence of crime rate, misery index and urbanization in Pakistan. The study based upon the annually time series data to be collected through the various secondary sources during 1973 to 2020. ARDL Bound testing technique have been used to determine the short run and long run association among the variables. The findings of the study exhibits the long run relationship connected with crime rate, misery index and urbanization. The results suggest that increasing misery index and widening urbanization largely contributes to magnify the crimes in Pakistan. The government may take suitable measures to improve the miserable situation and also demotivate the urbanization factor; so that the crime rate may decline in the country.
犯罪率、痛苦指数和城市化共存已成为发展中国家面临的新挑战。本研究主要探讨了影响该国犯罪率的经济和人口因素,并确定了巴基斯坦犯罪率、痛苦指数和城市化的共同发生率。该研究基于1973年至2020年期间通过各种二手来源收集的年度时间序列数据。ARDL界限测试技术已被用于确定变量之间的短期和长期关联。研究结果显示了犯罪率、痛苦指数和城市化之间的长期关系。结果表明,不断增加的痛苦指数和不断扩大的城市化在很大程度上加剧了巴基斯坦的犯罪。政府可以采取适当的措施来改善这种悲惨的状况,同时也消除城市化因素的动力;这样犯罪率就会下降。
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引用次数: 0
Domestic Institutional Investors and Sectoral Indices of India: A Toda Yamamoto Approach 印度国内机构投资者和行业指数:Toda Yamamoto方法
Q4 Economics, Econometrics and Finance Pub Date : 2021-06-19 DOI: 10.22059/IER.2021.81924
Purwa Srivastava, S. Varshney
The study investigates the behavioural dependence of domestic institutional investors (DIIs) with the sectoral indices of the national stock exchange of India. For the first time in the Indian context, the domestic institutional investors are studied in a broad sense, i.e. the study not includes merely mutual funds, but financial institutions, insurance companies and venture capital funds also. The results reveal positive and strong behavioural dependence of many sectoral indices in the national stock exchange on financial institutions, insurance companies and mutual funds. The Correlation results support the results of Toda Yamamoto model by showing strong and positive correlations of sectoral indices vis a vis financial institutions, insurance companies and mutual funds. The results of the Toda Yamamoto model for venture capital fund, on the other hand, are insignificant with weak correlation. In contrast to the findings of many previous studies that mutual funds do not affect future stock returns the current study reports that causality runs from financial institution, insurance companies and mutual fund investments to sectoral indices of national stock exchange of India. These results illuminate the important role played by domestic institutional investors in Indian stock markets.
该研究调查了国内机构投资者对印度国家证券交易所部门指数的行为依赖性。首次在印度背景下,对国内机构投资者进行了广义研究,即该研究不仅包括共同基金,还包括金融机构、保险公司和风险投资基金。结果显示,国家证券交易所的许多部门指数对金融机构、保险公司和共同基金的行为依赖性是积极和强烈的。相关性结果支持Toda-Yamamoto模型的结果,显示出行业指数与金融机构、保险公司和共同基金之间的强正相关性。另一方面,风险投资基金的Toda-Yamamoto模型的结果不显著,相关性较弱。与之前许多共同基金不会影响未来股票回报的研究结果相反,目前的研究报告称,因果关系从金融机构、保险公司和共同基金投资到印度国家证券交易所的部门指数。这些结果说明了国内机构投资者在印度股市中发挥的重要作用。
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引用次数: 0
Fiscal and Monetary Policy Adjustment and Economic Freedom for Poverty Alleviation 财政货币政策调整与经济自由与扶贫
Q4 Economics, Econometrics and Finance Pub Date : 2021-06-19 DOI: 10.22059/IER.2021.81925
A. Adediyan, B. Omo-Ikirodah
This study is an empirical analysis of policy preferences in the control of poverty in Nigeria. It uses annual data between 1980 and 2019 to construct a Vector Error Correction Model (VECM) and simulate Forecast Error Variance Decomposition to explain the role of economic freedom, fiscal and monetary policy in poverty alleviation. Fundamental policy issues arising from the results include the favoring of expansionary fiscal policy to mitigate poverty, and the same hold for monetary policy. But monetary policy is less effective than the fiscal policy. However, expansionary fiscal-monetary policy mix worsens poverty. Also, alone, a high degree of economic freedom deepens poverty. Further, a policy juxtaposition of expansionary fiscal policy and more degree of economic freedom exacerbates poverty. Lastly, a concurrent expansionary monetary policy and an improved degree of economic freedom reduce poverty. The findings are applicable in the short run and long run.
本研究是对尼日利亚控制贫困的政策偏好的实证分析。它使用1980年至2019年的年度数据构建了向量误差校正模型(VECM),并模拟了预测误差方差分解,以解释经济自由、财政和货币政策在扶贫中的作用。由此产生的基本政策问题包括支持扩张性财政政策以减轻贫困,以及同样支持货币政策。但货币政策不如财政政策有效。然而,扩张性的财政货币政策组合加剧了贫困。此外,仅仅是高度的经济自由就加深了贫困。此外,扩张性财政政策和更大程度的经济自由的政策并置加剧了贫困。最后,同时实行扩张性货币政策和提高经济自由度可以减少贫困。这些发现适用于短期和长期。
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引用次数: 0
Is Trade Openness Relevant in Reducing Food Deficit? Evidence from African Countries 贸易开放与减少粮食短缺有关吗?来自非洲国家的证据
Q4 Economics, Econometrics and Finance Pub Date : 2021-05-31 DOI: 10.22059/IER.2021.81638
M. Tahir, K. Rashid, M. A. Afridi
Food deficit is one of the main problems of the developing countries which could be attributed to different factors. This study highlights the role of trade openness in eradicating food deficit in Sub Saharan African countries. The estimation techniques employed are capable to control the unobserved heterogeneity and endogeneity problems. The findings show that increased trade openness, agricultural production and population growth have negatively influenced the food deficit problem. Similarly, inflation and domestic investment also appeared to be helpful in curbing the problem of food deficit. Furthermore, per person income and political stability have worsened the food deficit problem, while government consumption has not had any significant impact on food deficit.It is suggested that the African economies shall speed up the process of trade liberalization, pay favorable attention to the agricultural sector and domestic investment in the presence of moderate inflation to eradicate food deficit.
粮食短缺是发展中国家的主要问题之一,这可以归因于不同的因素。这项研究强调了贸易开放在消除撒哈拉以南非洲国家粮食短缺方面的作用。所采用的估计技术能够控制未观察到的异质性和内生性问题。研究结果表明,贸易开放程度的提高、农业生产和人口增长对粮食短缺问题产生了负面影响。同样,通货膨胀和国内投资似乎也有助于遏制粮食短缺问题。此外,人均收入和政治稳定加剧了粮食短缺问题,而政府消费对粮食短缺没有任何重大影响。建议非洲各国经济应加快贸易自由化进程,在通货膨胀温和的情况下积极注意农业部门和国内投资,以消除粮食短缺。
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引用次数: 0
期刊
Iranian Economic Review
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