Pub Date : 2018-01-25DOI: 10.4172/2375-4389.1000279
I-un Jo, Banjoko Ik
This study focused on the assessment of economic recession coping strategies in Moro local government area in Kwara state, Nigeria. Seventy rural dwellers were randomly selected for this study. Data were obtained using a structured questionnaire to elicit information on respondents’ socioeconomics characteristics, the sources of information, the perceived effects of economic recession on rural dwellers, the economic recession coping strategies and the perceived causes of economic recession. Result reveals that the mean age of the rural dwellers 51.8 years, 61.4% were married, 27.1 % had tertiary education and 32.9 % were farmers. The average monthly income of the rural dwellers were 12204.29 Naira (equivalent to 33 US dollars per month). The highest ranked perceived effects of economic recession were increased in prices of goods and services and that economic recession has encourage many rural dwellers to go back to farming (4.60). The coping strategies were working harder (2.73), changing life style (2.51) and borrowing money from family members and friends (2.31). Neglect of agriculture (4.67) and over dependence on crude oil (4.50) were the perceived causes of economic recession by the respondents. The result of PPMC reveals that there was a significant relationship between the coping strategies of the rural dwellers and their educational level (r = 0.604; p=0.049). The study recommends that there is need for government to make palliative measures that will cushion the effects of economic recession on the rural dwellers.
{"title":"Economic Recession Coping Strategies in Nigeria: The Case of Rural Dwellers in Moro Local Government Area of Kwara State","authors":"I-un Jo, Banjoko Ik","doi":"10.4172/2375-4389.1000279","DOIUrl":"https://doi.org/10.4172/2375-4389.1000279","url":null,"abstract":"This study focused on the assessment of economic recession coping strategies in Moro local government area in Kwara state, Nigeria. Seventy rural dwellers were randomly selected for this study. Data were obtained using a structured questionnaire to elicit information on respondents’ socioeconomics characteristics, the sources of information, the perceived effects of economic recession on rural dwellers, the economic recession coping strategies and the perceived causes of economic recession. Result reveals that the mean age of the rural dwellers 51.8 years, 61.4% were married, 27.1 % had tertiary education and 32.9 % were farmers. The average monthly income of the rural dwellers were 12204.29 Naira (equivalent to 33 US dollars per month). The highest ranked perceived effects of economic recession were increased in prices of goods and services and that economic recession has encourage many rural dwellers to go back to farming (4.60). The coping strategies were working harder (2.73), changing life style (2.51) and borrowing money from family members and friends (2.31). Neglect of agriculture (4.67) and over dependence on crude oil (4.50) were the perceived causes of economic recession by the respondents. The result of PPMC reveals that there was a significant relationship between the coping strategies of the rural dwellers and their educational level (r = 0.604; p=0.049). The study recommends that there is need for government to make palliative measures that will cushion the effects of economic recession on the rural dwellers.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87421204","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 : 2018-01-16DOI: 10.4172/2375-4389.1000278
J. Nkuah, E. Berko
The research investigated the effects of petroleum price hikes on the transportation business in Wa Municipality. Both quantitative and qualitative research design was employed in the study. Seventy –six (76) out of eighty (80) questionnaires were received. The analysis of data was aided by the use of SPSS and Microsoft Excel. Findings from the research using linear regression models indicated that petroleum price hikes result in higher transport cost. This finding is consistent with an earlier study conducted by Ocheni. The study further revealed that increases in fuel price also triggered high cost of spare parts. The researcher recommends that government should hedge the price of fuel to mitigate the risks associated with price hikes. And also the government should subsidize the cost of spare parts, either through tax-cut or any other means possible in order to reduce the cost burden.
{"title":"Assessing the Link between Petroleum Prices Hikes on Transport Fares in WA Municipality","authors":"J. Nkuah, E. Berko","doi":"10.4172/2375-4389.1000278","DOIUrl":"https://doi.org/10.4172/2375-4389.1000278","url":null,"abstract":"The research investigated the effects of petroleum price hikes on the transportation business in Wa Municipality. Both quantitative and qualitative research design was employed in the study. Seventy –six (76) out of eighty (80) questionnaires were received. The analysis of data was aided by the use of SPSS and Microsoft Excel. Findings from the research using linear regression models indicated that petroleum price hikes result in higher transport cost. This finding is consistent with an earlier study conducted by Ocheni. The study further revealed that increases in fuel price also triggered high cost of spare parts. The researcher recommends that government should hedge the price of fuel to mitigate the risks associated with price hikes. And also the government should subsidize the cost of spare parts, either through tax-cut or any other means possible in order to reduce the cost burden.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77189355","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 : 2018-01-01DOI: 10.4172/2375-4389.1000301
Hanaan Ehsan
The purpose of this study is to find out the impact of human resources management practices on employee performance in the telecom sector of Pakistan. A total of 100 employees from a telecom sector consist of both managerial and non-managerial staff responded to the survey. The survey questionnaire had 22 items covering selected human resources management practices and employee performance. The study has found that human resources practices: performance appraisal, compensation and work design have an important positive relationship with employee performance. The results come from a cross sectional study which done at the convenience of the researcher. The results may not be generalized across the country. The application of the results to other cities of telecom sector must be done with maximum care. If the telecom sector organization is to increase employee performance to higher level, it should more focus on improvement in human resources management practices: performance appraisal, compensation and work design. Earlier studies were carried out to study the impact of human resources management practices on an individual training and reward system; they are not collectively work as human resources practices impact on employee performance related to organizational culture. These studies were carried out on limited dimensions of human resources practices which include performance management, career management, reward management and training. This study has attempted to enhance the information on the impact of human resources management practices: performance appraisal, compensation, work design on employee’s performance. Citation: Ehsan H (2018) Impact of Performance Appraisal, Work Design and Compensation on Employee Performance: A Study of Telecom Sector. J Glob Econ 6: 301. doi: 10.4172/2375-4389.1000301
{"title":"Impact of Performance Appraisal, Work Design and Compensation on Employee Performance: A Study of Telecom Sector","authors":"Hanaan Ehsan","doi":"10.4172/2375-4389.1000301","DOIUrl":"https://doi.org/10.4172/2375-4389.1000301","url":null,"abstract":"The purpose of this study is to find out the impact of human resources management practices on employee performance in the telecom sector of Pakistan. A total of 100 employees from a telecom sector consist of both managerial and non-managerial staff responded to the survey. The survey questionnaire had 22 items covering selected human resources management practices and employee performance. The study has found that human resources practices: performance appraisal, compensation and work design have an important positive relationship with employee performance. The results come from a cross sectional study which done at the convenience of the researcher. The results may not be generalized across the country. The application of the results to other cities of telecom sector must be done with maximum care. If the telecom sector organization is to increase employee performance to higher level, it should more focus on improvement in human resources management practices: performance appraisal, compensation and work design. Earlier studies were carried out to study the impact of human resources management practices on an individual training and reward system; they are not collectively work as human resources practices impact on employee performance related to organizational culture. These studies were carried out on limited dimensions of human resources practices which include performance management, career management, reward management and training. This study has attempted to enhance the information on the impact of human resources management practices: performance appraisal, compensation, work design on employee’s performance. Citation: Ehsan H (2018) Impact of Performance Appraisal, Work Design and Compensation on Employee Performance: A Study of Telecom Sector. J Glob Econ 6: 301. doi: 10.4172/2375-4389.1000301","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77735981","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 : 2018-01-01DOI: 10.4172/2375-4389.1000292
Rafia Bashir
Purpose of this paper is to analyze the development of sectarianism, and its effects on economic conditions during the British era. It is true in the history sects or groups gave large structure. Sectarianism is exceptionally compound and complex issue. This paper tells the answer to some question these are. Why increase the sects aggregate and group’s quantity. How Sectarianism affects the economic conditions. Why economics is vital for any territory. This paper also explains how sectarianism system is dangerous for the economy. This paper provides the information about sect’s devilment. What reason for writing the article? Some groups are adopting the own theory and belief and develop the history which not gassiest. While the leaders of groups don't understand the arguments of other sects; that is why they have certainty on their own beliefs. They are the strike and rigid for not adopting the theories of other groups. Furthermore, social division in India has Jurisdiction issue. This division directly affected the economic conditions, which is much more dangerous for Indian progress. Factors of social division are very bored. It has importance for solving, and it has the flexibility to make easier to answer.
{"title":"Sectarianism: Economic Impact on Subcontinent (1875-1947)","authors":"Rafia Bashir","doi":"10.4172/2375-4389.1000292","DOIUrl":"https://doi.org/10.4172/2375-4389.1000292","url":null,"abstract":"Purpose of this paper is to analyze the development of sectarianism, and its effects on economic conditions during the British era. It is true in the history sects or groups gave large structure. Sectarianism is exceptionally compound and complex issue. This paper tells the answer to some question these are. Why increase the sects aggregate and group’s quantity. How Sectarianism affects the economic conditions. Why economics is vital for any territory. This paper also explains how sectarianism system is dangerous for the economy. This paper provides the information about sect’s devilment. What reason for writing the article? Some groups are adopting the own theory and belief and develop the history which not gassiest. While the leaders of groups don't understand the arguments of other sects; that is why they have certainty on their own beliefs. They are the strike and rigid for not adopting the theories of other groups. Furthermore, social division in India has Jurisdiction issue. This division directly affected the economic conditions, which is much more dangerous for Indian progress. Factors of social division are very bored. It has importance for solving, and it has the flexibility to make easier to answer.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79034932","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 : 2018-01-01DOI: 10.4172/2375-4389.1000281
Tesfaye Wolde
The ultimate objectives of this paper intended to estimate the impact of remittance income on household’s welfare using the household level cross sectional data. The study controls for various household characteristics, asset-holding variables, institutional, village level infrastructural variables as well as endogeniety problems using IV estimation. The results indicate that remittances positively and significantly affect household level consumption expenditure. Household characteristics particularly family size, participation on wage employment, distance to the main market and lowland agro ecological zone affect welfare status and access to extension service affects the welfare status positively and significantly. On the other hand, oxen, land size, non-livestock asset, participation on own business, access to credit and access to extension service have positive and significant effect on the household’s welfare status.
{"title":"Impact of Remittance on Rural Household’s Welfare: Evidence from North Wollo Zone, Gubalafto Woreda in Amhara Regional State, Using IV-Estimation Technique","authors":"Tesfaye Wolde","doi":"10.4172/2375-4389.1000281","DOIUrl":"https://doi.org/10.4172/2375-4389.1000281","url":null,"abstract":"The ultimate objectives of this paper intended to estimate the impact of remittance income on household’s welfare using the household level cross sectional data. The study controls for various household characteristics, asset-holding variables, institutional, village level infrastructural variables as well as endogeniety problems using IV estimation. The results indicate that remittances positively and significantly affect household level consumption expenditure. Household characteristics particularly family size, participation on wage employment, distance to the main market and lowland agro ecological zone affect welfare status and access to extension service affects the welfare status positively and significantly. On the other hand, oxen, land size, non-livestock asset, participation on own business, access to credit and access to extension service have positive and significant effect on the household’s welfare status.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79426563","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 : 2018-01-01DOI: 10.4172/2375-4389.1000297
U. Samuel, B. E. Udoh, I. Nneka, Abner Ishaku Prince, Kingsley Idogen
The study fundamentally sorts to scrutinize naira redenomination, the rationale, citizen’s perspective and benefits to the economy. The policy was deferred in 2007. The justification of the study eleven years after the deferral is accredited to the contemporary financial and economic predicament and the declining naira value to the US Dollars. It's therefore vital to gauge citizen’s perception of the policy via quantitative technique. The variable adopted embrace only one, redenomination with indicators. Data were extracted from 124 respondents, who understands the impact and effect of redenomination. The victory and miscarriage of the policy is squarely the ability and inability to ensure squat and firm inflation rate, economic growth, price stability and effective citizen education. The policy benefits citizen perspective embraces; economic credibility, payment and pricing system proficiency, and convenience, whereas, the fears takes on counterfeits, and insufficient supply of notes and coins.
{"title":"Naira Redenomination: The Nigerian?s Perspective","authors":"U. Samuel, B. E. Udoh, I. Nneka, Abner Ishaku Prince, Kingsley Idogen","doi":"10.4172/2375-4389.1000297","DOIUrl":"https://doi.org/10.4172/2375-4389.1000297","url":null,"abstract":"The study fundamentally sorts to scrutinize naira redenomination, the rationale, citizen’s perspective and benefits to the economy. The policy was deferred in 2007. The justification of the study eleven years after the deferral is accredited to the contemporary financial and economic predicament and the declining naira value to the US Dollars. It's therefore vital to gauge citizen’s perception of the policy via quantitative technique. The variable adopted embrace only one, redenomination with indicators. Data were extracted from 124 respondents, who understands the impact and effect of redenomination. The victory and miscarriage of the policy is squarely the ability and inability to ensure squat and firm inflation rate, economic growth, price stability and effective citizen education. The policy benefits citizen perspective embraces; economic credibility, payment and pricing system proficiency, and convenience, whereas, the fears takes on counterfeits, and insufficient supply of notes and coins.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77051803","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 : 2018-01-01DOI: 10.4172/2375-4389.1000316
A. Gupta, Gao Wei
The current researches portray the corporate governance’s variables on non-performing loan of commercial bank in Nepal. The total assists of the bank depend on the dependent variables of are non-performing loan and nonperforming loan to total assets while the independent variables includes i.e. board size, independent directors, audit committee member, foreign ownership, domestic ownership, CEO duality, bank age, female director, board meeting and bank size. So the study conducted in current research is based on the data obtained from eighteen commercial banks in Nepal dated: 2010/2011to 2015/2016, leading to a total of 108 observations. Some of the data were obtained from websites and annual reports of the Nepalese Banks. The data were analysed through regression model to examine the importance of corporate governance variables on non-performing loan. Some of the result has positive correlation with the ratio of non-performance loan which shows that diversified the board, director of board, audit committee higher will be the ratio of nonperforming loan and vice versa, while the result has negative impact on the presence of foreign ownership which are otherwise explain the presence of foreign of ownership would reduce the bank proficiency. Furthermore the presence of domestic ownership has increased the efficiency of the corporate banking sectors. The presence of dual CEO is also negative relation with the performance of the bank. Similarly the age of bank, presence of female director, number of board meeting and bank size has positive relation with the said topic. Citation: Gupta AK, Wei GX (2018) Research on the Influence of Corporate Governance Structure on the Performance of Nepal Commercial Banks. J Glob Econ 6: 316. doi: 10.4172/2375-4389.1000316
{"title":"Research on the Influence of Corporate Governance Structure on the Performance of Nepal Commercial Banks","authors":"A. Gupta, Gao Wei","doi":"10.4172/2375-4389.1000316","DOIUrl":"https://doi.org/10.4172/2375-4389.1000316","url":null,"abstract":"The current researches portray the corporate governance’s variables on non-performing loan of commercial bank in Nepal. The total assists of the bank depend on the dependent variables of are non-performing loan and nonperforming loan to total assets while the independent variables includes i.e. board size, independent directors, audit committee member, foreign ownership, domestic ownership, CEO duality, bank age, female director, board meeting and bank size. So the study conducted in current research is based on the data obtained from eighteen commercial banks in Nepal dated: 2010/2011to 2015/2016, leading to a total of 108 observations. Some of the data were obtained from websites and annual reports of the Nepalese Banks. The data were analysed through regression model to examine the importance of corporate governance variables on non-performing loan. Some of the result has positive correlation with the ratio of non-performance loan which shows that diversified the board, director of board, audit committee higher will be the ratio of nonperforming loan and vice versa, while the result has negative impact on the presence of foreign ownership which are otherwise explain the presence of foreign of ownership would reduce the bank proficiency. Furthermore the presence of domestic ownership has increased the efficiency of the corporate banking sectors. The presence of dual CEO is also negative relation with the performance of the bank. Similarly the age of bank, presence of female director, number of board meeting and bank size has positive relation with the said topic. Citation: Gupta AK, Wei GX (2018) Research on the Influence of Corporate Governance Structure on the Performance of Nepal Commercial Banks. J Glob Econ 6: 316. doi: 10.4172/2375-4389.1000316","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83602269","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 : 2018-01-01DOI: 10.4172/2375-4389.1000293
M. D. Tambi, Nganje Sophie Nanyongo
This study has as objective to examine the role of entrepreneurial venture on economic development in Cameroon. We have used the 2SLS to estimate our result in the 2007 Household consumption survey using STATA 13.0. The result shows that: male household heads, secondary and higher education attainment, non-poor household, age group from 30 years above, experience as an entrepreneur and urban residence are strongly promoting entrepreneurship in Cameroon. We also observed that entrepreneurship is strongly correlating with economic development, while entrepreneurs of age group above 30 years are positively contributing to economic development. We recommend that the decision makers should create more easy avenues (access to credit) to support entrepreneurs. This is a major step towards economic development in Cameroon.
{"title":"Entrepreneurial Venture and Economic Development in Cameroon","authors":"M. D. Tambi, Nganje Sophie Nanyongo","doi":"10.4172/2375-4389.1000293","DOIUrl":"https://doi.org/10.4172/2375-4389.1000293","url":null,"abstract":"This study has as objective to examine the role of entrepreneurial venture on economic development in Cameroon. We have used the 2SLS to estimate our result in the 2007 Household consumption survey using STATA 13.0. The result shows that: male household heads, secondary and higher education attainment, non-poor household, age group from 30 years above, experience as an entrepreneur and urban residence are strongly promoting entrepreneurship in Cameroon. We also observed that entrepreneurship is strongly correlating with economic development, while entrepreneurs of age group above 30 years are positively contributing to economic development. We recommend that the decision makers should create more easy avenues (access to credit) to support entrepreneurs. This is a major step towards economic development in Cameroon.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87835231","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 : 2018-01-01DOI: 10.4172/2375-4389.1000287
Sergio Clerc Marc
This study analyses how financial liberalisation affects the financial development in eight countries member of SADC for the year of 1980 to 2012. Financial liberalisation refers to the removal of the intervention a government imposes on key variables like interest rate. Therefore, it refers to the removal of various constraints in the financial sector. We will be examining the impact of some macroeconomic variables on the financial development of eight countries. We then will be using three measures for financial development which are bank credit to the private sector, bank deposits and stock market capitalization. Explanatory variables will be used to determine financial development and estimations are based on random-effect panel regressions. Random effect supposes that the difference across countries impact the level of financial development: for the banking development variable, inflation has a significant and negative impact on credit to private sectors and bank deposits. However, Portfolio investments and remittance have not impacted bank credit to private sector, bank deposit and stock market capitalization. Stock market capitalization appears not to be affected and do not improve by any other variable. Per-capita income has a positive impact on bank deposit, but a negatively impacted by stock market capitalization. The Trade variable is negatively correlated with credit to private sector. Net private investment has a positive impact on financial development through the banking deposits but negatively to the stock market capitalization.
{"title":"Impact of Financial Liberalisation on the Financial Development of Eight Countries Member of SADC","authors":"Sergio Clerc Marc","doi":"10.4172/2375-4389.1000287","DOIUrl":"https://doi.org/10.4172/2375-4389.1000287","url":null,"abstract":"This study analyses how financial liberalisation affects the financial development in eight countries member of SADC for the year of 1980 to 2012. Financial liberalisation refers to the removal of the intervention a government imposes on key variables like interest rate. Therefore, it refers to the removal of various constraints in the financial sector. We will be examining the impact of some macroeconomic variables on the financial development of eight countries. We then will be using three measures for financial development which are bank credit to the private sector, bank deposits and stock market capitalization. Explanatory variables will be used to determine financial development and estimations are based on random-effect panel regressions. Random effect supposes that the difference across countries impact the level of financial development: for the banking development variable, inflation has a significant and negative impact on credit to private sectors and bank deposits. However, Portfolio investments and remittance have not impacted bank credit to private sector, bank deposit and stock market capitalization. Stock market capitalization appears not to be affected and do not improve by any other variable. Per-capita income has a positive impact on bank deposit, but a negatively impacted by stock market capitalization. The Trade variable is negatively correlated with credit to private sector. Net private investment has a positive impact on financial development through the banking deposits but negatively to the stock market capitalization.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75225946","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 : 2018-01-01DOI: 10.4172/2375-4389.1000310
P. Scandizzo, G. Tria
The controversial nature of public investment as a countercyclical demand stimulus has contributed to obscure the issue of its long term fall, with many governments feeling justified in making deeper cuts for public investment expenditure during both phases of the economic cycle, and many others favoring public-private partnerships and other forms of blended financing. In addition to the overall fall, an asset substitution process has progressively reduced the truly social part of public investment, which in developing and developed countries alike may be well below the mark of 1-2% of GDP. This negative trend is made more dramatic by the fact that virtually the only public investment with a reach beyond the single countries is of public- private nature and thus explicitly excludes multilateral assets of pure public good nature, such as intercountry infrastructure and multilateral social welfare programs. The situation is especially dramatic for Italy, where the fall of public investment has contributed to the decline of key components of the country human and social capital endowment. This article explores some of the most important dimensions of this phenomenon, concentrating on the supply rather than the demand side effects, and proposes a solution based on a conditioned expansion of European public investment, concentrated in highly productive assets such as education and infrastructure.
{"title":"Italy and a Needed Public Investment Boost: The Demand and the Supply Side","authors":"P. Scandizzo, G. Tria","doi":"10.4172/2375-4389.1000310","DOIUrl":"https://doi.org/10.4172/2375-4389.1000310","url":null,"abstract":"The controversial nature of public investment as a countercyclical demand stimulus has contributed to obscure the issue of its long term fall, with many governments feeling justified in making deeper cuts for public investment expenditure during both phases of the economic cycle, and many others favoring public-private partnerships and other forms of blended financing. In addition to the overall fall, an asset substitution process has progressively reduced the truly social part of public investment, which in developing and developed countries alike may be well below the mark of 1-2% of GDP. This negative trend is made more dramatic by the fact that virtually the only public investment with a reach beyond the single countries is of public- private nature and thus explicitly excludes multilateral assets of pure public good nature, such as intercountry infrastructure and multilateral social welfare programs. The situation is especially dramatic for Italy, where the fall of public investment has contributed to the decline of key components of the country human and social capital endowment. This article explores some of the most important dimensions of this phenomenon, concentrating on the supply rather than the demand side effects, and proposes a solution based on a conditioned expansion of European public investment, concentrated in highly productive assets such as education and infrastructure.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73100859","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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