Ahmed Sameer El Khatib, José Roberto Ferreira Savoia
Using econometric data, this study investigates the internal and external factors influencing the financial stability of Islamic banks from 2011 to 2022. We identify the critical elements that impact the capital adequacy ratio, liquidity, size, governance, and degree of concentration of Islamic banks in order to determine their financial stability. The study concludes that while size, governance, and degree of concentration have a detrimental effect on Islamic banks’ financial stability, the capital adequacy ratio and liquidity have a beneficial effect. The report suggests that Islamic banks increase their capital and liquidity in order to support their financial stability. This is in line with other studies, such as an empirical analysis of Islamic banks and financial stability conducted by the IMF, which discovered that, on average, small Islamic banks have stronger finances than small commercial banks, and large commercial banks have stronger finances than large Islamic banks.
{"title":"Islamic Financial Institutions and Stability: An Empirical Analysis","authors":"Ahmed Sameer El Khatib, José Roberto Ferreira Savoia","doi":"10.5539/ijef.v16n7p1","DOIUrl":"https://doi.org/10.5539/ijef.v16n7p1","url":null,"abstract":"Using econometric data, this study investigates the internal and external factors influencing the financial stability of Islamic banks from 2011 to 2022. We identify the critical elements that impact the capital adequacy ratio, liquidity, size, governance, and degree of concentration of Islamic banks in order to determine their financial stability. The study concludes that while size, governance, and degree of concentration have a detrimental effect on Islamic banks’ financial stability, the capital adequacy ratio and liquidity have a beneficial effect. The report suggests that Islamic banks increase their capital and liquidity in order to support their financial stability. This is in line with other studies, such as an empirical analysis of Islamic banks and financial stability conducted by the IMF, which discovered that, on average, small Islamic banks have stronger finances than small commercial banks, and large commercial banks have stronger finances than large Islamic banks.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"20 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141098388","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}
Kenya has adopted an export-led manufacturing industrialization strategy as envisaged by many policy documents including the Kenya Vision 2030 which aimed at increasing the manufacturing share in Gross Domestic Product to 15 per cent by 2022. The share of manufactured exports in all exports was targeted at 60 per cent by 2022 as per the National Exports Development and Promotion Strategy. However, manufacturing sector’s productivity has been declining as demonstrated by its economic contribution which has averaged around 10 per cent from 2007 to 2022 and has persistently declined from 12.79 per cent in 2007 to 7.83 per cent in 2022 pointing towards premature deindustrialization. Besides, from 2007 to 2022, the share of total exports made up of manufactured goods averaged 33 per cent. The study aimed to estimate firms’ total factor productivity (TFP) and examine the impact of export activity on firms’ TFP in Kenya’s manufacturing industry. Firm TFP was computed utilizing the Levinsohn and Petrin (2003) technique. The study employed Propensity Score Matching and a dynamic panel model estimated using the generalized methods of moments technique, to analyze the effect of exporting on firms TFP. Export intensity, labor productivity and management experience had positive effects on firm’s TFP. However, firm size and capital intensity had negative effects on TFP. Based on the study findings, the government should emphasize on export promotion policies as well as adoption of labor intensive technologies in Kenya’s manufacturing sector.
{"title":"Export Intensity and Total Factor Productivity in Kenya’s Manufacturing Sector","authors":"Dorothy Kimolo, Jennifer Njaramba, Laban Chesang","doi":"10.5539/ijef.v16n7p13","DOIUrl":"https://doi.org/10.5539/ijef.v16n7p13","url":null,"abstract":"Kenya has adopted an export-led manufacturing industrialization strategy as envisaged by many policy documents including the Kenya Vision 2030 which aimed at increasing the manufacturing share in Gross Domestic Product to 15 per cent by 2022. The share of manufactured exports in all exports was targeted at 60 per cent by 2022 as per the National Exports Development and Promotion Strategy. However, manufacturing sector’s productivity has been declining as demonstrated by its economic contribution which has averaged around 10 per cent from 2007 to 2022 and has persistently declined from 12.79 per cent in 2007 to 7.83 per cent in 2022 pointing towards premature deindustrialization. Besides, from 2007 to 2022, the share of total exports made up of manufactured goods averaged 33 per cent. The study aimed to estimate firms’ total factor productivity (TFP) and examine the impact of export activity on firms’ TFP in Kenya’s manufacturing industry. Firm TFP was computed utilizing the Levinsohn and Petrin (2003) technique. The study employed Propensity Score Matching and a dynamic panel model estimated using the generalized methods of moments technique, to analyze the effect of exporting on firms TFP. Export intensity, labor productivity and management experience had positive effects on firm’s TFP. However, firm size and capital intensity had negative effects on TFP. Based on the study findings, the government should emphasize on export promotion policies as well as adoption of labor intensive technologies in Kenya’s manufacturing sector.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"10 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141098522","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}
Ricardo da Costa Nunes, André Nunes, Celso Vila Nova de Souza Junior, Alexandre Nascimento de Almeida
This article examines Brazilian states’ per capita income convergence from 1990 to 2020. A reduction in state inequalities was observed, attributed to the redistribution of resources through the State Participation Fund (FPE) and Constitutional Funds and the Municipal Participation Fund and transfers for health and education, benefiting federative entities with lower per capita incomes. However, a significant volume of resources aimed at income redistribution was characterized by overlapping actions, whose results were not evaluated in isolation. Moreover, while historically, less economically advantaged states strive to reach the national average, more economically advantaged states tend to maintain or enhance their relative positions. Barro’s analysis (2001) suggests that equalization funds, by benefiting entities with lower GDP per capita, discourage governors from promoting the state’s economic development, as this would imply a loss of FPE resources. This situation would be a government failure commonly pointed out by authors of the Public Choice School. In light of this, this study proposes a revision of the FPE distribution criteria, reducing the emphasis on the inverse of per capita income and including variables such as population, collection effort, and state size, aiming to promote a more effective and equitable convergence of per capita income in the Brazilian federation.
{"title":"Inequality and the Equalization Fund in Brazil: Redefining Strategies","authors":"Ricardo da Costa Nunes, André Nunes, Celso Vila Nova de Souza Junior, Alexandre Nascimento de Almeida","doi":"10.5539/ijef.v16n6p31","DOIUrl":"https://doi.org/10.5539/ijef.v16n6p31","url":null,"abstract":"This article examines Brazilian states’ per capita income convergence from 1990 to 2020. A reduction in state inequalities was observed, attributed to the redistribution of resources through the State Participation Fund (FPE) and Constitutional Funds and the Municipal Participation Fund and transfers for health and education, benefiting federative entities with lower per capita incomes. However, a significant volume of resources aimed at income redistribution was characterized by overlapping actions, whose results were not evaluated in isolation. Moreover, while historically, less economically advantaged states strive to reach the national average, more economically advantaged states tend to maintain or enhance their relative positions. Barro’s analysis (2001) suggests that equalization funds, by benefiting entities with lower GDP per capita, discourage governors from promoting the state’s economic development, as this would imply a loss of FPE resources. This situation would be a government failure commonly pointed out by authors of the Public Choice School. In light of this, this study proposes a revision of the FPE distribution criteria, reducing the emphasis on the inverse of per capita income and including variables such as population, collection effort, and state size, aiming to promote a more effective and equitable convergence of per capita income in the Brazilian federation.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"13 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140674447","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 research aims to highlight post-conflict prospects for Ukraine in the domain of FDIs by taking the OLI framework of Dunning. This research explores the role of the FDI as the most important economic pillar for economic consolidation in a globalized world. The case studies of war-torn countries and the role of the FDIs in their post-war recovery have been evaluated. It has been analyzed that through fundamental economic reforms and restricting to win the investors’ confidence, Ukraine can strategize its ownership, location, and internalization advantage as the country possesses relatively higher significance for global food security, logistics, and international trade. Most importantly prospects are higher for international investors to invest their capital in one of the largest European markets in banking. The NATO membership and EU membership will be the most significant driver of the FDIs for Ukraine.
本研究旨在利用邓宁（Dunning）的 OLI 框架，突出冲突后乌克兰在外国直接投资领域的前景。本研究探讨了外国直接投资作为全球化世界中巩固经济的最重要经济支柱的作用。对战患国家的案例研究以及外国直接投资在战后恢复中的作用进行了评估。分析认为，通过根本性的经济改革和限制措施来赢得投资者的信心，乌克兰可以将其所有权、区位和内部化优势战略化，因为该国对全球粮食安全、物流和国际贸易具有相对较高的重要性。最重要的是，国际投资者在欧洲最大的银行业市场之一进行投资的前景更为广阔。加入北约和欧盟将是乌克兰外国直接投资最重要的驱动力。
{"title":"Prospects of Post-Conflict Foreign Direct Investments in Ukraine Through the Lens of Dunning’s Eclectic Paradigm","authors":"Vivian Nasrulddin","doi":"10.5539/ijef.v16n6p43","DOIUrl":"https://doi.org/10.5539/ijef.v16n6p43","url":null,"abstract":"This research aims to highlight post-conflict prospects for Ukraine in the domain of FDIs by taking the OLI framework of Dunning. This research explores the role of the FDI as the most important economic pillar for economic consolidation in a globalized world. The case studies of war-torn countries and the role of the FDIs in their post-war recovery have been evaluated. It has been analyzed that through fundamental economic reforms and restricting to win the investors’ confidence, Ukraine can strategize its ownership, location, and internalization advantage as the country possesses relatively higher significance for global food security, logistics, and international trade. Most importantly prospects are higher for international investors to invest their capital in one of the largest European markets in banking. The NATO membership and EU membership will be the most significant driver of the FDIs for Ukraine.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"22 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140674288","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}
In recent years, with the rapid development of social economy and the acceleration of wealth accumulation, family trust has gradually attracted widespread attention and application as an asset inheritance tool. As a special wealth management tool, family trust aims to help families maintain wealth and achieve long-term wealth inheritance goals. In the research of predecessors, it mainly expounds the unique advantages of family trust on the basis of the huge demand for wealth inheritance in the Chinese market. The obstacles encountered by family trust in China’s localisation and the innovation model proposed in response to the obstacles. In these studies, a series of problems arising from different policies and stages of development of the country have been ignored. With the economic development, the market demand for China’s wealth inheritance continues to expand, and the Chinese government and related institutions are also gradually reforming. On this basis, this article uses the literature analysis method to understand the new policies proposed in family trusts in China and the practical problems faced by high-net-worth families in the post-epidemic era by consulting a large number of materials. Then use the comparative analysis method to summarise the development of family trusts in China through the research and comparison of family trusts in different countries, put forward constructive opinions on the inheritance of family assets with high net worth in China, discuss the research progress of family trust in the field of asset inheritance in recent years with a thinking method, and analyse it in different cultures. And the application and impact in the legal context.
{"title":"Research on Asset Inheritance of High Net Worth Family Trust in Recent Years","authors":"Ya Yujia","doi":"10.5539/ijef.v16n6p24","DOIUrl":"https://doi.org/10.5539/ijef.v16n6p24","url":null,"abstract":"In recent years, with the rapid development of social economy and the acceleration of wealth accumulation, family trust has gradually attracted widespread attention and application as an asset inheritance tool. As a special wealth management tool, family trust aims to help families maintain wealth and achieve long-term wealth inheritance goals. In the research of predecessors, it mainly expounds the unique advantages of family trust on the basis of the huge demand for wealth inheritance in the Chinese market. The obstacles encountered by family trust in China’s localisation and the innovation model proposed in response to the obstacles. In these studies, a series of problems arising from different policies and stages of development of the country have been ignored. With the economic development, the market demand for China’s wealth inheritance continues to expand, and the Chinese government and related institutions are also gradually reforming. On this basis, this article uses the literature analysis method to understand the new policies proposed in family trusts in China and the practical problems faced by high-net-worth families in the post-epidemic era by consulting a large number of materials. Then use the comparative analysis method to summarise the development of family trusts in China through the research and comparison of family trusts in different countries, put forward constructive opinions on the inheritance of family assets with high net worth in China, discuss the research progress of family trust in the field of asset inheritance in recent years with a thinking method, and analyse it in different cultures. And the application and impact in the legal context.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":" 46","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140688244","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}
Though in recent years African countries have experienced rapid economic growth, there is a growing need for them to accelerate the process of green growth to address challenges like climate change and depletion of natural resources. Under the framework of Belt and Road Initiative, this paper empirically examines the impact of China’s greenfield investment on green growth of African countries based on the STIRPAT model, using panel data of 37 African countries from 2003 to 2020. The results show that China’s greenfield investment can significantly contribute to green growth of African countries, including the improvement of energy productivity, CO2 productivity and non-energy material productivity, which confirms the validity of the “Pollution Halo Hypothesis” in the African region, and improvements in institutional quality can increase the contribution of greenfield investments. Compared with global greenfield investment, China is playing an important role in the green growth of African countries. The research in this paper expands the existing literature on investment and green growth, helps to grasp the reality of the environmental effects of China’s greenfield investment in Africa, and provides empirical evidence and policy support for Sino-African economic and trade cooperation and the high-quality green development of the “Belt and Road”.
{"title":"China’s Greenfield Investment and African Countries’ Green Growth Under the Belt and Road Initiative","authors":"Zhaoke Zhang","doi":"10.5539/ijef.v16n6p1","DOIUrl":"https://doi.org/10.5539/ijef.v16n6p1","url":null,"abstract":"Though in recent years African countries have experienced rapid economic growth, there is a growing need for them to accelerate the process of green growth to address challenges like climate change and depletion of natural resources. Under the framework of Belt and Road Initiative, this paper empirically examines the impact of China’s greenfield investment on green growth of African countries based on the STIRPAT model, using panel data of 37 African countries from 2003 to 2020. The results show that China’s greenfield investment can significantly contribute to green growth of African countries, including the improvement of energy productivity, CO2 productivity and non-energy material productivity, which confirms the validity of the “Pollution Halo Hypothesis” in the African region, and improvements in institutional quality can increase the contribution of greenfield investments. Compared with global greenfield investment, China is playing an important role in the green growth of African countries. The research in this paper expands the existing literature on investment and green growth, helps to grasp the reality of the environmental effects of China’s greenfield investment in Africa, and provides empirical evidence and policy support for Sino-African economic and trade cooperation and the high-quality green development of the “Belt and Road”.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"54 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140700229","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper examines the causal link between electricity consumption and Odisha’s economic growth using linear and nonlinear causality tests in annual data from 1981 to 2020. The study uses both linear and non-linear causality on aggregate and sectoral data. Based on the empirical analysis, the study finds that electricity consumption strongly granger causes state’s economic growth. Further, sectoral-level analysis shows that electricity consumption exhibits a strong causal relationship with the primary, secondary, and tertiary sectors. This finding is consistent for both linear and non-linear granger causality tests. Moreover, the estimation of long-run elasticity reveals that both secondary and tertiary sectors have greater than unity elasticity whereas the primary sector has less than unity elasticity. The rolling elasticity shows that elasticity is increasing over time and across the sectors, barring the tertiary sector. More mechanized activities in the primary sector will increase the consumption of electricity and more value addition to the economic growth of the state. The policy intervention would be to reduce electricity losses (leakages) as well as increase the production of electricity to increase economic growth. Considering the greater role of electricity in the state’s economic progress, intervention from both the state government and the Odisha Electricity Regulatory Commission, the regulatory body of the state, is very much essential.
{"title":"Nonlinear Dynamic Impact of Electricity Consumption on Economic Growth in Odisha: A Disaggregated Causality Analysis","authors":"Upendra Nath Behera, A. Mohanty","doi":"10.5539/ijef.v16n6p13","DOIUrl":"https://doi.org/10.5539/ijef.v16n6p13","url":null,"abstract":"The paper examines the causal link between electricity consumption and Odisha’s economic growth using linear and nonlinear causality tests in annual data from 1981 to 2020. The study uses both linear and non-linear causality on aggregate and sectoral data. Based on the empirical analysis, the study finds that electricity consumption strongly granger causes state’s economic growth. Further, sectoral-level analysis shows that electricity consumption exhibits a strong causal relationship with the primary, secondary, and tertiary sectors. This finding is consistent for both linear and non-linear granger causality tests. Moreover, the estimation of long-run elasticity reveals that both secondary and tertiary sectors have greater than unity elasticity whereas the primary sector has less than unity elasticity. The rolling elasticity shows that elasticity is increasing over time and across the sectors, barring the tertiary sector. More mechanized activities in the primary sector will increase the consumption of electricity and more value addition to the economic growth of the state. The policy intervention would be to reduce electricity losses (leakages) as well as increase the production of electricity to increase economic growth. Considering the greater role of electricity in the state’s economic progress, intervention from both the state government and the Odisha Electricity Regulatory Commission, the regulatory body of the state, is very much essential.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"58 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140700551","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The objective of this paper is to evaluate the feasibility of the East African Community (EAC) in establishing a successful monetary union. Despite its strong interest and progress, the East African Community (EAC) faces substantial challenges in pursuing a single-currency monetary union. A careful examination of trade data and evaluation of the convergence criteria supports a cautious move toward forming a monetary union rather than its formation for political expediency. The compliance of EAC countries in achieving the target levels of the convergence criteria is, at best, mixed. Mainly, achieving low inflation rates, maintaining lower budget deficit-to-GDP and debt-to-GDP ratios, and building robust foreign reserves were weak. Despite the divergence among member countries in attaining a low and stable inflation rate, overall strong co-movement in inflation rates and the ability to maintain an average inflation rate near the target of eight percent is encouraging. External factors, such as rising financing costs, de-globalization efforts, and geopolitical tensions, complicate the establishment of a monetary union and create uncertainty about its potential benefits. In addition to these new developments, weak trade complementarity, inadequate cross-border infrastructure, expansive non-tariff barriers, and different degrees of compliance with convergence make a speedy move towards monetary union risky. Addressing these observed potential problems before monetary union via harmonization of investment and economic policies, creating robust institutions that foster trust and regional cooperation will mitigate economic and political rivalry and aid in forming an effective monetary union.
{"title":"Assessing the Viability of the East African Community as a Monetary Union","authors":"Aberra Senbeta, Subhadra Ganguli","doi":"10.5539/ijef.v16n5p54","DOIUrl":"https://doi.org/10.5539/ijef.v16n5p54","url":null,"abstract":"The objective of this paper is to evaluate the feasibility of the East African Community (EAC) in establishing a successful monetary union. Despite its strong interest and progress, the East African Community (EAC) faces substantial challenges in pursuing a single-currency monetary union. A careful examination of trade data and evaluation of the convergence criteria supports a cautious move toward forming a monetary union rather than its formation for political expediency. The compliance of EAC countries in achieving the target levels of the convergence criteria is, at best, mixed. Mainly, achieving low inflation rates, maintaining lower budget deficit-to-GDP and debt-to-GDP ratios, and building robust foreign reserves were weak. Despite the divergence among member countries in attaining a low and stable inflation rate, overall strong co-movement in inflation rates and the ability to maintain an average inflation rate near the target of eight percent is encouraging. External factors, such as rising financing costs, de-globalization efforts, and geopolitical tensions, complicate the establishment of a monetary union and create uncertainty about its potential benefits. In addition to these new developments, weak trade complementarity, inadequate cross-border infrastructure, expansive non-tariff barriers, and different degrees of compliance with convergence make a speedy move towards monetary union risky. Addressing these observed potential problems before monetary union via harmonization of investment and economic policies, creating robust institutions that foster trust and regional cooperation will mitigate economic and political rivalry and aid in forming an effective monetary union.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"13 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140739896","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Yangtze River Delta (YRD) is one of the regions with the most dynamic economy, the highest degree of openness, and the strongest innovation capability in China, possessing crucial factor markets, infrastructure development, and population resources. With the progress of China’s reform and opening-up policies and economic development, the YRD has achieved remarkable economic growth and social progress over the past few decades. Research on the economic and social integration of the YRD aims to deeply understand the development status of factors, infrastructure development, and trade within the region, and to explore how to address issues of inter-regional cooperation, coordination, and integration in the corresponding direction. Comprehensive research methods, including desk research, quantitative analysis, and qualitative analysis, are need to adopted in this research. This paper primarily proves through data collection that the research on regional factors, infrastructure development, and trade integration in the YRD is of great significance for promoting regional synergetic development, optimizing resource allocation, and enhancing overall competitiveness.
{"title":"Significance of Synergetic Strategy of Factors, Infrastructure Development, and Trade in Regional Integration—A Case Study of the Yangtze River Delta Region","authors":"Chuanjie Li, Yuhan Liu, Hao Chen","doi":"10.5539/ijef.v16n4p103","DOIUrl":"https://doi.org/10.5539/ijef.v16n4p103","url":null,"abstract":"The Yangtze River Delta (YRD) is one of the regions with the most dynamic economy, the highest degree of openness, and the strongest innovation capability in China, possessing crucial factor markets, infrastructure development, and population resources. With the progress of China’s reform and opening-up policies and economic development, the YRD has achieved remarkable economic growth and social progress over the past few decades. Research on the economic and social integration of the YRD aims to deeply understand the development status of factors, infrastructure development, and trade within the region, and to explore how to address issues of inter-regional cooperation, coordination, and integration in the corresponding direction. Comprehensive research methods, including desk research, quantitative analysis, and qualitative analysis, are need to adopted in this research. This paper primarily proves through data collection that the research on regional factors, infrastructure development, and trade integration in the YRD is of great significance for promoting regional synergetic development, optimizing resource allocation, and enhancing overall competitiveness.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":"17 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140374979","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}
F. Mansilla, Elano Ferreira Arruda, Roberto Tatiwa Ferreira
This note analyzes the occurrence of asymmetry in Brazilian monetary policy considering distinct inflation levels. For this purpose, we use data with monthly frequency between 2003 and 2021 and a nonlinear Taylor rule. The results indicate that under the low inflation scenario, the impact of the deviation of inflation expectations to the target is statistically insignificant, revealing a preference by the monetary authority for price stability. Besides, there is a smoothing process in the conduction of Brazilian monetary policy, and the economic activity and the exchange rate are not statistically significant in the central bank reaction function during the period studied.
{"title":"A Note on the Nonlinearities of Brazilian Monetary Policy","authors":"F. Mansilla, Elano Ferreira Arruda, Roberto Tatiwa Ferreira","doi":"10.5539/ijef.v16n5p20","DOIUrl":"https://doi.org/10.5539/ijef.v16n5p20","url":null,"abstract":"This note analyzes the occurrence of asymmetry in Brazilian monetary policy considering distinct inflation levels. For this purpose, we use data with monthly frequency between 2003 and 2021 and a nonlinear Taylor rule. The results indicate that under the low inflation scenario, the impact of the deviation of inflation expectations to the target is statistically insignificant, revealing a preference by the monetary authority for price stability. Besides, there is a smoothing process in the conduction of Brazilian monetary policy, and the economic activity and the exchange rate are not statistically significant in the central bank reaction function during the period studied.","PeriodicalId":508422,"journal":{"name":"International Journal of Economics and Finance","volume":" 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140385129","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：