Pub Date : 2019-03-11DOI: 10.18488/journal.62.2019.62.76.86
C. K. Woon, J. Singh
Advancements in technology have a massive impact on the workplace including recruitment of staff. The aim of this study was to examine jobseekers’ behavior towards e-recruitment system usage by jobseekers in Malaysia. The study population was jobseekers intending to apply for jobs in the advertising industry. This was a quantitative study and self-administered questionnaires were used to collect information from a sample of 100 jobseekers. The SPSS statistical tool was used to generate descriptive statistics and inferential statistics. The results revealed that perceived usefulness was the key determinant of e-recruitment adoption. However, the impact of perceived information content quality (PICQ) and perceived search engine optimization (PSEO) was insignificant. The implications of this study are that recruitment agencies and human resources practitioners need to focus on the perceived usefulness of the e-recruitment system to attract and create the desire in jobseekers to use e-recruitment system
{"title":"Intention to Use E-Recruitment System: Empirical Evidence from Jobseekers in the Advertising Industry in Malaysia","authors":"C. K. Woon, J. Singh","doi":"10.18488/journal.62.2019.62.76.86","DOIUrl":"https://doi.org/10.18488/journal.62.2019.62.76.86","url":null,"abstract":"Advancements in technology have a massive impact on the workplace including recruitment of staff. The aim of this study was to examine jobseekers’ behavior towards e-recruitment system usage by jobseekers in Malaysia. The study population was jobseekers intending to apply for jobs in the advertising industry. This was a quantitative study and self-administered questionnaires were used to collect information from a sample of 100 jobseekers. The SPSS statistical tool was used to generate descriptive statistics and inferential statistics. The results revealed that perceived usefulness was the key determinant of e-recruitment adoption. However, the impact of perceived information content quality (PICQ) and perceived search engine optimization (PSEO) was insignificant. The implications of this study are that recruitment agencies and human resources practitioners need to focus on the perceived usefulness of the e-recruitment system to attract and create the desire in jobseekers to use e-recruitment system","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122192458","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 : 2019-03-11DOI: 10.18488/journal.62.2019.62.61.75
Hongwei Jiang, Tianhui Liang
JEL Classification: I93; R40; Z33. Evaluating service quality is a critical task for airports aiming to identify aspects of airport service that contribute to differences in passenger satisfaction. The purpose of this paper is to investigate the airport service quality from passengers’ perspectives at two airports (Pudong and Hongqiao Airports) under the management of Shanghai Airport Authority (SAA) in China. Surveys at SAA have found that there are significant differences between passengers’ expectations and actual perceptions of service quality at SAA, which imply that SAA is advised to improve its service quality and reduce passenger dissatisfaction towards components comprising service quality as a whole. The components for which the largest gaps were found between expectation and actual perception were identified as “Shop and restaurant prices”, “Free Wi-Fi access”, “Play areas for children”, “Departure punctuality”, and “Various restaurants providing different kinds of food”. The results reveal that there are significant differences between gender, nationality and main travel purpose groups: women tend to assign significantly higher scores than men; domestic travellers reported high satisfaction than international ones; and passengers travelling for holiday and academic-related purposes reported higher satisfaction than those travelling for business. There is a positive correlation between airport service quality and passengers’ overall satisfaction at SAA. This paper aims to provide useful information for government officials in the identification of potential issues posed to passengers and that should be addressed by airport management.
{"title":"Investigate Airport Service Quality- A Case Study of Airports in Shanghai","authors":"Hongwei Jiang, Tianhui Liang","doi":"10.18488/journal.62.2019.62.61.75","DOIUrl":"https://doi.org/10.18488/journal.62.2019.62.61.75","url":null,"abstract":"JEL Classification: I93; R40; Z33. Evaluating service quality is a critical task for airports aiming to identify aspects of airport service that contribute to differences in passenger satisfaction. The purpose of this paper is to investigate the airport service quality from passengers’ perspectives at two airports (Pudong and Hongqiao Airports) under the management of Shanghai Airport Authority (SAA) in China. Surveys at SAA have found that there are significant differences between passengers’ expectations and actual perceptions of service quality at SAA, which imply that SAA is advised to improve its service quality and reduce passenger dissatisfaction towards components comprising service quality as a whole. The components for which the largest gaps were found between expectation and actual perception were identified as “Shop and restaurant prices”, “Free Wi-Fi access”, “Play areas for children”, “Departure punctuality”, and “Various restaurants providing different kinds of food”. The results reveal that there are significant differences between gender, nationality and main travel purpose groups: women tend to assign significantly higher scores than men; domestic travellers reported high satisfaction than international ones; and passengers travelling for holiday and academic-related purposes reported higher satisfaction than those travelling for business. There is a positive correlation between airport service quality and passengers’ overall satisfaction at SAA. This paper aims to provide useful information for government officials in the identification of potential issues posed to passengers and that should be addressed by airport management.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126646377","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 : 2019-02-28DOI: 10.18488/journal.62.2019.61.39.48
S. Asafo, A. Matuka, Nyendu Dominic
This paper examines external debt and economic growth relationship in a panel of 48 Sub-Saharan Africa countries (SSA) for the period 1990-2017 using a two-step system General Method of Moments (GMM) technique. Our study shows that contemporaneously, external debt has a negative and statistically significant impact on GDP growth. However, the first lag of external debt variables stimulates GDP growth. The implication is that external debt accumulated in the previous period makes funds available for growth enhancing expenditure in the next period. Furthermore, our study found no evidence of a non-linear relationship between debt and economic growth. Lastly, we found that the deleterious impact of external debt on GDP growth does not preclude poor or rich SSA countries. We recommend the adoption of state-of-the-art measures in collecting domestic revenue to complement external revenue sources. In addition, we advocate for strong macroeconomic environment in SSA so that yield negotiation on the debt will not dissipate the coffers of SSA countries via high debt servicing cost.
{"title":"External Debt and Economic Growth: Two-Step System GMM Evidence for Sub-Saharan Africa Countries","authors":"S. Asafo, A. Matuka, Nyendu Dominic","doi":"10.18488/journal.62.2019.61.39.48","DOIUrl":"https://doi.org/10.18488/journal.62.2019.61.39.48","url":null,"abstract":"This paper examines external debt and economic growth relationship in a panel of 48 Sub-Saharan Africa countries (SSA) for the period 1990-2017 using a two-step system General Method of Moments (GMM) technique. Our study shows that contemporaneously, external debt has a negative and statistically significant impact on GDP growth. However, the first lag of external debt variables stimulates GDP growth. The implication is that external debt accumulated in the previous period makes funds available for growth enhancing expenditure in the next period. Furthermore, our study found no evidence of a non-linear relationship between debt and economic growth. Lastly, we found that the deleterious impact of external debt on GDP growth does not preclude poor or rich SSA countries. We recommend the adoption of state-of-the-art measures in collecting domestic revenue to complement external revenue sources. In addition, we advocate for strong macroeconomic environment in SSA so that yield negotiation on the debt will not dissipate the coffers of SSA countries via high debt servicing cost.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134214825","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 : 2019-02-28DOI: 10.18488/journal.62.2019.61.49.60
G. Monogbe Tunde, A. Austin, N. Lawrence, Daniel S. Edori
The nature of relationship between deposit money banks loan to certain sector of the economy and its possible effect of reducing poverty rate in Nigeria is controversial and significant. As such, this study set out to examine the extent to which deposit money bank loan and advances to SMEs, agricultural, and manufacturing sectors in Nigeria has helped in reducing poverty rate. To achieve the objective of the study, unit root test, auto regressive distributive lag estimate and causality test were employed. Result shows that deposit money bank loan to SMEs and agricultural sector seem to be inversely related to poverty rate in Nigeria while sectoral allocation to the manufacturing sector is not capable of reducing poverty rate in Nigeria. This inherent relationship between loans to manufacturing sectors and poverty reduction in Nigeria could be attributed to some structural factors cited in the body of the paper. In the light of these findings, this study concluded that (i) Poverty rate in Nigeria is significantly sensitive to deposit money bank credit to agricultural sector; (ii) Within the context of the study, deposit money bank allocation to SMEs has helped in reducing poverty rate in Nigeria to the tune of 1.821 unit. On this premises, it is recommended that bank ordinances and financial institution act should be review to ensure that more credit is allocated to agricultural and SMEs sector as this will help in reducing the ever teaming trend of poverty in Nigeria through the window of job creation.
{"title":"Sectoral Credit Allocation of Deposit Money Banks and Poverty Reduction in Nigeria","authors":"G. Monogbe Tunde, A. Austin, N. Lawrence, Daniel S. Edori","doi":"10.18488/journal.62.2019.61.49.60","DOIUrl":"https://doi.org/10.18488/journal.62.2019.61.49.60","url":null,"abstract":"The nature of relationship between deposit money banks loan to certain sector of the economy and its possible effect of reducing poverty rate in Nigeria is controversial and significant. As such, this study set out to examine the extent to which deposit money bank loan and advances to SMEs, agricultural, and manufacturing sectors in Nigeria has helped in reducing poverty rate. To achieve the objective of the study, unit root test, auto regressive distributive lag estimate and causality test were employed. Result shows that deposit money bank loan to SMEs and agricultural sector seem to be inversely related to poverty rate in Nigeria while sectoral allocation to the manufacturing sector is not capable of reducing poverty rate in Nigeria. This inherent relationship between loans to manufacturing sectors and poverty reduction in Nigeria could be attributed to some structural factors cited in the body of the paper. In the light of these findings, this study concluded that (i) Poverty rate in Nigeria is significantly sensitive to deposit money bank credit to agricultural sector; (ii) Within the context of the study, deposit money bank allocation to SMEs has helped in reducing poverty rate in Nigeria to the tune of 1.821 unit. On this premises, it is recommended that bank ordinances and financial institution act should be review to ensure that more credit is allocated to agricultural and SMEs sector as this will help in reducing the ever teaming trend of poverty in Nigeria through the window of job creation.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"101 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125888847","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 : 2019-02-05DOI: 10.18488/JOURNAL.62.2019.65.303.315
A. Matuka
This paper estimates the impact of exchange rate shocks to prices in Albania from 2000Q1 to 2017Q1. The empirical analysis is based on a Vector Autoregressive approach for Albanian economy following Cholesky decomposition scheme. Impulse-response functions give evidence for an incomplete “pass-through” of exchange rate shocks to prices. Impulse-response functions to oil shocks indicates initial positive values for import and producer prices and negative value for consumer prices and interest rates. Variance decomposition reveal that the highest fluctuations of import prices is triggered by growth rate and oil prices shocks, whereas the variance of producer prices and consumer prices is explained by its own innovations. Exchange rate’s innovations are less aggressive to import prices and producer prices then to consumer prices. We perform the robustness check allowing interest rate to be ordered before exchange rates and the results do not change from the previous findings.
{"title":"Exchange Rate Pass-through to Prices: VAR Evidence for Albania","authors":"A. Matuka","doi":"10.18488/JOURNAL.62.2019.65.303.315","DOIUrl":"https://doi.org/10.18488/JOURNAL.62.2019.65.303.315","url":null,"abstract":"This paper estimates the impact of exchange rate shocks to prices in Albania from 2000Q1 to 2017Q1. The empirical analysis is based on a Vector Autoregressive approach for Albanian economy following Cholesky decomposition scheme. Impulse-response functions give evidence for an incomplete “pass-through” of exchange rate shocks to prices. Impulse-response functions to oil shocks indicates initial positive values for import and producer prices and negative value for consumer prices and interest rates. Variance decomposition reveal that the highest fluctuations of import prices is triggered by growth rate and oil prices shocks, whereas the variance of producer prices and consumer prices is explained by its own innovations. Exchange rate’s innovations are less aggressive to import prices and producer prices then to consumer prices. We perform the robustness check allowing interest rate to be ordered before exchange rates and the results do not change from the previous findings.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116928038","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 : 2019-01-16DOI: 10.18488/journal.62.2019.61.1.15
P. Chizoba, Ofobruku Sylvester Abomeh, M. Chika, M. MbaNjide
The study centred on participatory decision making and organizational goal attainment. This study investigated the extent to which participative decision making affects the organizational goal attainment. The study had a sample size of 136 obtained using the Cochran statistical formula. The study employed a survey research design. The instrument used for data collection was the questionnaire. The data from the responses were presented in frequencies, simple percentages. Three hypotheses were tested using the chi-square X2 and t-test statistical tools. The study found out that: Employee participation in decision making significantly improves job productivity (X2 cal = 2.554 > X2 0.5 = 0.6763); employee participation in decision, making relates to employee motivation (Fc – test = 21 .56 > ft 1 = 2.01); the policy of employee participation in decision-making is significant in organizational goal attainment (X2 Cal = 1.887 > X2 0.5 = 0.6763) The study, based on the above findings, concluded that for the goal attainment of any organization to be achieved successfully depended on the extent to which the organization integrated the workers into the policy formulation and implementation. The study recommends that organizations should adopt the ring show management theory as a way of survival.
研究的重点是参与性决策和组织目标的实现。本研究探讨了参与式决策对组织目标达成的影响程度。这项研究的样本量为136人，使用的是科克伦统计公式。该研究采用了调查研究设计。数据收集的工具是问卷调查。回答的数据以频率和简单的百分比表示。使用卡方X2和t检验统计工具对三个假设进行检验。研究发现:员工参与决策显著提高工作生产率(X2 cal = 2.554 > X2 0.5 = 0.6763);员工参与决策与员工动机相关(Fc - test = 21.56 > ft 1 = 2.01);员工参与决策的政策对组织目标的实现具有重要意义(X2 Cal = 1.887 > X2 0.5 = 0.6763)。基于以上研究结果，本研究得出任何组织目标的成功实现取决于组织将员工纳入政策制定和实施的程度。该研究建议，企业应采用环效管理理论作为生存之道。
{"title":"Impact of Participatory Decision Making on Organisational Goal Attainment","authors":"P. Chizoba, Ofobruku Sylvester Abomeh, M. Chika, M. MbaNjide","doi":"10.18488/journal.62.2019.61.1.15","DOIUrl":"https://doi.org/10.18488/journal.62.2019.61.1.15","url":null,"abstract":"The study centred on participatory decision making and organizational goal attainment. This study investigated the extent to which participative decision making affects the organizational goal attainment. The study had a sample size of 136 obtained using the Cochran statistical formula. The study employed a survey research design. The instrument used for data collection was the questionnaire. The data from the responses were presented in frequencies, simple percentages. Three hypotheses were tested using the chi-square X2 and t-test statistical tools. The study found out that: Employee participation in decision making significantly improves job productivity (X2 cal = 2.554 > X2 0.5 = 0.6763); employee participation in decision, making relates to employee motivation (Fc – test = 21 .56 > ft 1 = 2.01); the policy of employee participation in decision-making is significant in organizational goal attainment (X2 Cal = 1.887 > X2 0.5 = 0.6763) The study, based on the above findings, concluded that for the goal attainment of any organization to be achieved successfully depended on the extent to which the organization integrated the workers into the policy formulation and implementation. The study recommends that organizations should adopt the ring show management theory as a way of survival.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117165003","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 : 2018-02-23DOI: 10.18488/journal.62.2018.51.16.29
Oubay Mahmoud, Almougheer I. Wardeh
The purpose of this study is to examine the profitability of Momentum based- trading strategies and investigate the causes of such profitability in Damascus Securities Exchange (DSE) market. The study analyzed 16 Momentum strategies based on full rebalancing and equally weighted techniques using monthly data from January 2010 to December 2016. The findings of the study showed low but significant Momentum effect, where the returns of Momentum portfolios were statistically positive only in 1 out of 16 strategies. Our findings suggest that Momentum strategy is applicable for winner portfolios whereas contrarian strategy is more appropriate for loser portfolios. We also adopted Market Model in order to investigate the possible risk-based explanations of Momentum profits, but we found that market risk is unable to explain the Momentum profitability in DSE market.
{"title":"The Profitability of Momentum Strategies: Empirical Evidence from Damascus Securities Exchange (DSE)","authors":"Oubay Mahmoud, Almougheer I. Wardeh","doi":"10.18488/journal.62.2018.51.16.29","DOIUrl":"https://doi.org/10.18488/journal.62.2018.51.16.29","url":null,"abstract":"The purpose of this study is to examine the profitability of Momentum based- trading strategies and investigate the causes of such profitability in Damascus Securities Exchange (DSE) market. The study analyzed 16 Momentum strategies based on full rebalancing and equally weighted techniques using monthly data from January 2010 to December 2016. The findings of the study showed low but significant Momentum effect, where the returns of Momentum portfolios were statistically positive only in 1 out of 16 strategies. Our findings suggest that Momentum strategy is applicable for winner portfolios whereas contrarian strategy is more appropriate for loser portfolios. We also adopted Market Model in order to investigate the possible risk-based explanations of Momentum profits, but we found that market risk is unable to explain the Momentum profitability in DSE market.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123524386","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 work was just to look at the causes and the effects of politics within organisation. It started with the reasons for groups within organisations, causes and possible effects of organisational politics on the organisation and the employees. Finally, the work made it clear that employees need to relate which may give room for politicking but moderation and utmost supervision should be the guarding principle.
{"title":"Organisational Politics – Causes and Effects on Organisation and Employees","authors":"Sule Olatunji Eniola, Amuni Sarat Iyabo, Ashiru Titi Adeshina, Ariyo Oladayo Olajide","doi":"10.18488/journal.62/2015.2.4/68.4.204.208","DOIUrl":"https://doi.org/10.18488/journal.62/2015.2.4/68.4.204.208","url":null,"abstract":"This work was just to look at the causes and the effects of politics within organisation. It started with the reasons for groups within organisations, causes and possible effects of organisational politics on the organisation and the employees. Finally, the work made it clear that employees need to relate which may give room for politicking but moderation and utmost supervision should be the guarding principle.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133371730","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}
{"title":"Effect of Brand Enhancement on Buying Behavior towards the Sport Sponsorship Companies in Riyadh, KSA","authors":"Iyad A. Al-Nsour","doi":"10.18488/journal.62.2020.72.110.119","DOIUrl":"https://doi.org/10.18488/journal.62.2020.72.110.119","url":null,"abstract":"Article History Received: 20 January 2020 Revised: 24 February 2020 Accepted: 27 March 2020 Published: 16 April 2020","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125852812","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 : 1900-01-01DOI: 10.18488/JOURNAL.62.2021.83.207.218
N. Sambo, I. Farouq, Ali Umar Ahmad, A. Jakada, Ismail Aliyu Danmaraya, Saádatu Suleiman Sanusi
Financial development is concerned with policies, procedures and initiatives to increase the financial access, depth and productivity of financial institutions and financial markets. To that regards, this paper investigates the asymmetric relationship between financial development and economic growth by incorporating financial globalization uncertainty and inflation into a production function covering the Nigerian economy from 1980 – 2019. The threshold Autoregressive cointegration and nonlinear autoregressive distributed lag techniques are applied to examine the asymmetric cointegration between the variables, as well as the degree of the relationship among the variables. The results indicate long-run relationship between the parameters in the light of asymmetries. The asymmetric estimation results show that positive shock of financial development dampen economic growth. By comparison, symmetrically, the negative shock of the financial development improves the productivity growth of the Nigerian economy. Finally, while inflation shows a positive relationship, the financial globalization uncertainty indicates insignificant result. The implications of the said findings for productivity policies in Nigeria are also discussed. investigating the asymmetric relationship between financial development and economic growth by incorporating financial globalization uncertainty and inflation into a production function covering the Nigerian economy from 1980.
{"title":"Financial Development and Economic Growth in Nigeria: New Evidence from a Threshold Autoregressive and Asymmetric Analysis","authors":"N. Sambo, I. Farouq, Ali Umar Ahmad, A. Jakada, Ismail Aliyu Danmaraya, Saádatu Suleiman Sanusi","doi":"10.18488/JOURNAL.62.2021.83.207.218","DOIUrl":"https://doi.org/10.18488/JOURNAL.62.2021.83.207.218","url":null,"abstract":"Financial development is concerned with policies, procedures and initiatives to increase the financial access, depth and productivity of financial institutions and financial markets. To that regards, this paper investigates the asymmetric relationship between financial development and economic growth by incorporating financial globalization uncertainty and inflation into a production function covering the Nigerian economy from 1980 – 2019. The threshold Autoregressive cointegration and nonlinear autoregressive distributed lag techniques are applied to examine the asymmetric cointegration between the variables, as well as the degree of the relationship among the variables. The results indicate long-run relationship between the parameters in the light of asymmetries. The asymmetric estimation results show that positive shock of financial development dampen economic growth. By comparison, symmetrically, the negative shock of the financial development improves the productivity growth of the Nigerian economy. Finally, while inflation shows a positive relationship, the financial globalization uncertainty indicates insignificant result. The implications of the said findings for productivity policies in Nigeria are also discussed. investigating the asymmetric relationship between financial development and economic growth by incorporating financial globalization uncertainty and inflation into a production function covering the Nigerian economy from 1980.","PeriodicalId":416720,"journal":{"name":"International Journal of Business, Economics and Management","volume":"3426 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126917956","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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