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":"14 1","pages":"1-7"},"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":"4 1","pages":""},"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}
Pub Date : 2018-01-01DOI: 10.4172/2375-4389.1000294
Pa Alieu Kasseh
{"title":"The Relation between Inflation and Unemployment in the Gambia: Analysis of the Philips Curve","authors":"Pa Alieu Kasseh","doi":"10.4172/2375-4389.1000294","DOIUrl":"https://doi.org/10.4172/2375-4389.1000294","url":null,"abstract":"","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":"11 1","pages":"1-7"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81955339","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: 10.4172/2375-4389.1000314
M. Mansi
Start-ups play a crucial role for the world as they cultivate the innovation of new ideas by the younger generation. This paper focuses upon the scheme of startups that has been introduced for the first time amongst the consolidated Foreign Direct Investment policy that has been in effect from August 2017. The paper starts off by explaining the operation of FDI, Make in India and startups. The intent and objectives laid down by the policy makers are specified in order to compare as to till what extent they are achieved after enforcement of the policy. The relation of GDP and economic growth is explained along with the main and usual challenges that are faced in order to set a startup. In the later section of the paper, pros and cons of the policy are discussed, keeping focus upon how the policy lacks to impact one of the most influential sector of the nation, the agrarian field. In the last segment, the writer has tried to justify, explaining with a comparative model as to why India is not the most ideal place for implementation of such policies and how this ideality can be achieved.
{"title":"Analysis of Foreign Direct Investment Policy in India","authors":"M. Mansi","doi":"10.4172/2375-4389.1000314","DOIUrl":"https://doi.org/10.4172/2375-4389.1000314","url":null,"abstract":"Start-ups play a crucial role for the world as they cultivate the innovation of new ideas by the younger generation. This paper focuses upon the scheme of startups that has been introduced for the first time amongst the consolidated Foreign Direct Investment policy that has been in effect from August 2017. The paper starts off by explaining the operation of FDI, Make in India and startups. The intent and objectives laid down by the policy makers are specified in order to compare as to till what extent they are achieved after enforcement of the policy. The relation of GDP and economic growth is explained along with the main and usual challenges that are faced in order to set a startup. In the later section of the paper, pros and cons of the policy are discussed, keeping focus upon how the policy lacks to impact one of the most influential sector of the nation, the agrarian field. In the last segment, the writer has tried to justify, explaining with a comparative model as to why India is not the most ideal place for implementation of such policies and how this ideality can be achieved.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":"102 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88664343","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: 10.4172/2375-4389.1000308
K. Fauzan, Adi Kuswanto
This research aims to compare the performance of the national foreign exchange bank in 2010-2014 based on the ratio of performance and compliance has been determined by Bank Indonesia. The data used in the research was obtained from annual reports published by the website of the national foreign exchange bank. Period of data using the annual reports National foreign exchange bank in the period December 2010-December 2014. After passing the purposive sample ̧ then a decent sample used as many as 22 National foreign exchange bank recorded in Bank Indonesia. The results of this research show that the national foreign exchange bank should get special attention from the research by Bank Indonesia is PT Bank Antardaerah, PT Bank Bumi Arta, PT Bank Ekonomi Raharja, PT Bank Ganesha, PT Bank Hana, PT Bank Himpunan Saudara 1906, PT Bank Bumiputra ICB, PT Bank ICBC Indonesia, PT Bank International Indonesia, PT Bank Maspion Indonesia, PT Bank Mega, PT Bank Mestika Dharma, PT Bank of India Indonesia, PT Bank Sinarmas, PT QNB Bank Kesawan. The ratio values are examined on the bank during the years 2010-2014 has a high rating from a rating assessment criteria and should get special attention by Bank Indonesia. Hypothesis testing in this research using MANOVA Test, the results show the value of 13 ratio in the past 5 years (20102014) shows a noticeable difference in the 22 National foreign exchange bank. Citation: Fauzan K, Kuswanto A (2018) Analysis of the Performance of National Foreign Exchange Bank in Indonesia. J Glob Econ 6: 308. doi: 10.4172/2375-4389.1000308
本研究旨在比较国家外汇银行2010-2014年的绩效，基于印尼银行确定的绩效与合规比率。研究中使用的数据来自国家外汇银行网站发布的年度报告。2010年12月至2014年12月期间数据采用年度报告。在通过目的样本后，一个体面的样本使用了多达22个国家外汇银行记录在印度尼西亚银行。本研究结果表明，印尼银行的研究应特别关注的国家外汇银行是PT bank Antardaerah、PT bank Bumi Arta、PT bank Ekonomi Raharja、PT bank Ganesha、PT bank Hana、PT bank Himpunan Saudara 1906、PT bank Bumiputra ICB、PT bank ICBC Indonesia、PT bank International Indonesia、PT bank Maspion Indonesia、PT bank Mega、PT bank Mestika Dharma、PT bank of India Indonesia、PT bank Sinarmas、PT QNB bank Kesawan。从评级评估标准来看，2010-2014年间对银行的比率值具有很高的评级，应该得到印度尼西亚银行的特别关注。本研究采用方差分析进行假设检验，结果显示13比值值在过去5年(2010 - 2014年)中在22家国家外汇银行中呈现显著差异。引用本文:Fauzan K, Kuswanto A(2018)印度尼西亚国家外汇银行绩效分析。[J]世界经济，6(6):393。doi: 10.4172 / 2375 - 4389.1000308
{"title":"Analysis of the Performance of National Foreign Exchange Bank in Indonesia","authors":"K. Fauzan, Adi Kuswanto","doi":"10.4172/2375-4389.1000308","DOIUrl":"https://doi.org/10.4172/2375-4389.1000308","url":null,"abstract":"This research aims to compare the performance of the national foreign exchange bank in 2010-2014 based on the ratio of performance and compliance has been determined by Bank Indonesia. The data used in the research was obtained from annual reports published by the website of the national foreign exchange bank. Period of data using the annual reports National foreign exchange bank in the period December 2010-December 2014. After passing the purposive sample ̧ then a decent sample used as many as 22 National foreign exchange bank recorded in Bank Indonesia. The results of this research show that the national foreign exchange bank should get special attention from the research by Bank Indonesia is PT Bank Antardaerah, PT Bank Bumi Arta, PT Bank Ekonomi Raharja, PT Bank Ganesha, PT Bank Hana, PT Bank Himpunan Saudara 1906, PT Bank Bumiputra ICB, PT Bank ICBC Indonesia, PT Bank International Indonesia, PT Bank Maspion Indonesia, PT Bank Mega, PT Bank Mestika Dharma, PT Bank of India Indonesia, PT Bank Sinarmas, PT QNB Bank Kesawan. The ratio values are examined on the bank during the years 2010-2014 has a high rating from a rating assessment criteria and should get special attention by Bank Indonesia. Hypothesis testing in this research using MANOVA Test, the results show the value of 13 ratio in the past 5 years (20102014) shows a noticeable difference in the 22 National foreign exchange bank. Citation: Fauzan K, Kuswanto A (2018) Analysis of the Performance of National Foreign Exchange Bank in Indonesia. J Glob Econ 6: 308. doi: 10.4172/2375-4389.1000308","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":"47 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88648639","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: 10.4172/2375-4389.1000320
D. Siregar, R. R. Alhempi
As explained in the Mundell-Fleming theory, which states that there is a negative influence between exchange rate and economic growth, where the higher the exchange rate, the lower net exports (the difference between exports and imports) will decrease the amount of output decreases and will cause GDP (Economic growth) to decline . This study uses multiple linear regression analysis to predict and predict the change of value of certain variables when other variables change. Correlation is one of the analytical techniques in statistics used to find the relationship between two or more variables that are quantitative. Then obtained multiple linear regression equation between Rupiah Currency Exchange Rate (Y), Export Value of Indonesia (X1) and Indonesia Gross Domestic Product at Current Market Price Based on Business as variable (X2), that is obtained by multiple linear regression equation is Y=-5050,90239+0,0095804 X1+0,0014006 X2 where Interpretation of correlation between the relationship of Currency Exchange IDR (Y), Export Value of Indonesia (X1) and Gross Domestic Product at Current Price Based on The field of business (X2) is 0.973 with a very strong interpretation that ranges from 0.75 to 0.99. Citation: Siregar DI, Alhempi RR (2018) Analysis of the Regression and Correlation of Gross Domestic Product (GDP) Exports and Revenue (GDP) of Indonesia against Rupiah Exchange Rate (IDR USD). J Glob Econ 6: 320. doi: 10.4172/2375-4389.1000320
{"title":"Analysis of the Regression and Correlation of Gross Domestic Product (GDP) Exports and Revenue (GDP) of Indonesia against Rupiah Exchange Rate (IDR - USD)","authors":"D. Siregar, R. R. Alhempi","doi":"10.4172/2375-4389.1000320","DOIUrl":"https://doi.org/10.4172/2375-4389.1000320","url":null,"abstract":"As explained in the Mundell-Fleming theory, which states that there is a negative influence between exchange rate and economic growth, where the higher the exchange rate, the lower net exports (the difference between exports and imports) will decrease the amount of output decreases and will cause GDP (Economic growth) to decline . This study uses multiple linear regression analysis to predict and predict the change of value of certain variables when other variables change. Correlation is one of the analytical techniques in statistics used to find the relationship between two or more variables that are quantitative. Then obtained multiple linear regression equation between Rupiah Currency Exchange Rate (Y), Export Value of Indonesia (X1) and Indonesia Gross Domestic Product at Current Market Price Based on Business as variable (X2), that is obtained by multiple linear regression equation is Y=-5050,90239+0,0095804 X1+0,0014006 X2 where Interpretation of correlation between the relationship of Currency Exchange IDR (Y), Export Value of Indonesia (X1) and Gross Domestic Product at Current Price Based on The field of business (X2) is 0.973 with a very strong interpretation that ranges from 0.75 to 0.99. Citation: Siregar DI, Alhempi RR (2018) Analysis of the Regression and Correlation of Gross Domestic Product (GDP) Exports and Revenue (GDP) of Indonesia against Rupiah Exchange Rate (IDR USD). J Glob Econ 6: 320. doi: 10.4172/2375-4389.1000320","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":"48 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88023960","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: 10.4172/2375-4389.1000302
M. Saleem, Rummana Zaheer
Domestic investment performs a significant role to influence the economic growth in the society of Pakistan. The enhancement of economic development depends on domestic investment of the society. Labor force and investment show the productivity of an economy. Secondary data has been accumulated from the World Development Indicators (WDI) during of 1980 to 2016 to trace out the effect of the domestic investment on economic growth. The stationarity of data of domestic investment, exports, labor force, and economic growth are examined by applying Augment Dicky Fuller (ADF) test. Moreover, Johansen Co-integration test is used to determine the long-run association between domestic investment and economic growth. Error Correction Model (ECM) test was employed to scrutinize the short-run relationship between economic growth and domestic investment. The findings showed that exports positively influence on economic growth. Besides this, domestic investment and labor force negatively affect the economic growth. So, due to lack of skilled labor force and deficiency of proper investment, the share of the labor force and domestic investment have an insignificant impact on the economic growth in the society. Citation: Saleem M, Zaheer R (2018) A Study on Influence of Domestic Investment on the Economic Growth during 1980-2016. J Glob Econ 6: 302. doi: 10.4172/2375-4389.1000302
{"title":"A Study on Influence of Domestic Investment on the Economic Growth during 1980-2016","authors":"M. Saleem, Rummana Zaheer","doi":"10.4172/2375-4389.1000302","DOIUrl":"https://doi.org/10.4172/2375-4389.1000302","url":null,"abstract":"Domestic investment performs a significant role to influence the economic growth in the society of Pakistan. The enhancement of economic development depends on domestic investment of the society. Labor force and investment show the productivity of an economy. Secondary data has been accumulated from the World Development Indicators (WDI) during of 1980 to 2016 to trace out the effect of the domestic investment on economic growth. The stationarity of data of domestic investment, exports, labor force, and economic growth are examined by applying Augment Dicky Fuller (ADF) test. Moreover, Johansen Co-integration test is used to determine the long-run association between domestic investment and economic growth. Error Correction Model (ECM) test was employed to scrutinize the short-run relationship between economic growth and domestic investment. The findings showed that exports positively influence on economic growth. Besides this, domestic investment and labor force negatively affect the economic growth. So, due to lack of skilled labor force and deficiency of proper investment, the share of the labor force and domestic investment have an insignificant impact on the economic growth in the society. Citation: Saleem M, Zaheer R (2018) A Study on Influence of Domestic Investment on the Economic Growth during 1980-2016. J Glob Econ 6: 302. doi: 10.4172/2375-4389.1000302","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":"33 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82752719","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: 10.4172/2375-4389.1000307
H. Boulila, Seyf Eddine Benbekhti, Benbouziane Mohemed, Fethi Benladgham
Algeria has adopted many development plans to achieve economic, social and even environmental stability, from the Economic Recovery Program (2000-2004) to the new growth support program (2015-2019). In order to analyze and measure the impact of fiscal and monetary policy variables on three indicators of Sustainable Development under the conditions of globalization, an SVAR model has been used. The results of the structural impulse response and GRANGER causality have shown that economic policies in Algeria have an effective role in achieving economic and social development even with the absence of the impact of globalization and in turn have failed to achieve environmental development in the agricultural sector. However, Algerian authorities face a major challenge to achieve greater levels of development in a manner that includes all sectors and diversifies their economies to integrate into the international markets and benefit from the experiences of developed countries. Citation: Boulila H, Benbekhti SE, Mohemed B, Benladgham F (2018) Economic Policies: Is it Effective to Achieve Sustainability? A SVAR Evidence from Algeria. J Glob Econ 6: 307. doi: 10.4172/2375-4389.1000307
阿尔及利亚通过了许多发展计划，以实现经济、社会甚至环境稳定，从经济复苏计划(2000-2004年)到新的增长支持计划(2015-2019年)。为了分析和衡量全球化条件下财政和货币政策变量对可持续发展三个指标的影响，本文采用了SVAR模型。结构脉冲响应和GRANGER因果关系的结果表明，即使没有全球化的影响，阿尔及利亚的经济政策在实现经济和社会发展方面也发挥了有效作用，反过来又未能实现农业部门的环境发展。然而，阿尔及利亚当局面临着一项重大挑战，即以包括所有部门和使其经济多样化的方式实现更高水平的发展，以便融入国际市场并从发达国家的经验中受益。引用本文:Boulila H, Benbekhti SE, mohammed B, benladham F(2018)经济政策:实现可持续发展是否有效?来自阿尔及利亚的SVAR证据。[J]世界经济，6(6):393。doi: 10.4172 / 2375 - 4389.1000307
{"title":"Economic Policies: Is it Effective to Achieve Sustainability? A SVAR Evidence from Algeria","authors":"H. Boulila, Seyf Eddine Benbekhti, Benbouziane Mohemed, Fethi Benladgham","doi":"10.4172/2375-4389.1000307","DOIUrl":"https://doi.org/10.4172/2375-4389.1000307","url":null,"abstract":"Algeria has adopted many development plans to achieve economic, social and even environmental stability, from the Economic Recovery Program (2000-2004) to the new growth support program (2015-2019). In order to analyze and measure the impact of fiscal and monetary policy variables on three indicators of Sustainable Development under the conditions of globalization, an SVAR model has been used. The results of the structural impulse response and GRANGER causality have shown that economic policies in Algeria have an effective role in achieving economic and social development even with the absence of the impact of globalization and in turn have failed to achieve environmental development in the agricultural sector. However, Algerian authorities face a major challenge to achieve greater levels of development in a manner that includes all sectors and diversifies their economies to integrate into the international markets and benefit from the experiences of developed countries. Citation: Boulila H, Benbekhti SE, Mohemed B, Benladgham F (2018) Economic Policies: Is it Effective to Achieve Sustainability? A SVAR Evidence from Algeria. J Glob Econ 6: 307. doi: 10.4172/2375-4389.1000307","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":"8 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81030673","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: 10.20448/JOURNAL.501.2018.52.155.164
Kolawole Ebire, O. L. Onmonya, V. Inim
To attract more Foreign Direct Investment (FDI) inflows is the important institutional policies of the most of nations all over the world. Identifying the key determinants of FDI inflows is therefore seen as an important task for policy makers. This study, therefore, investigates the major determinants of FDI in Nigeria spanning from 1986 - 2017. The secondary source of data was used for the study which was first subjected to stationarity test using Augmented Dickey-Fuller and Phillips Perron test. Findings showed that all variables were found to be integrated order one. Cointegration analysis showed that there exists a long run relationship among the variables. Based on this findings, Error Correction Mechanism was used in testing the hypotheses. The result showed that exchange rate, GDP, first lag of GDP, military expenditure, first lag of military expenditure, political stability and financial development are the major determinants of FDI inflows to Nigeria. The empirical findings of this study show that government at all levels should tackle the menace of insecurity ravaging the economy and portraying the country as insecure thereby creating a secure environment for FDI inflows. Democratic regimes should be sustained and investment policies should be instituted or improved on, in order to create a friendly environment to attract more FDI inflows.
{"title":"Effects of the Determinants of Foreign Direct Investment in Nigeria: Error Correction Mechanism","authors":"Kolawole Ebire, O. L. Onmonya, V. Inim","doi":"10.20448/JOURNAL.501.2018.52.155.164","DOIUrl":"https://doi.org/10.20448/JOURNAL.501.2018.52.155.164","url":null,"abstract":"To attract more Foreign Direct Investment (FDI) inflows is the important institutional policies of the most of nations all over the world. Identifying the key determinants of FDI inflows is therefore seen as an important task for policy makers. This study, therefore, investigates the major determinants of FDI in Nigeria spanning from 1986 - 2017. The secondary source of data was used for the study which was first subjected to stationarity test using Augmented Dickey-Fuller and Phillips Perron test. Findings showed that all variables were found to be integrated order one. Cointegration analysis showed that there exists a long run relationship among the variables. Based on this findings, Error Correction Mechanism was used in testing the hypotheses. The result showed that exchange rate, GDP, first lag of GDP, military expenditure, first lag of military expenditure, political stability and financial development are the major determinants of FDI inflows to Nigeria. The empirical findings of this study show that government at all levels should tackle the menace of insecurity ravaging the economy and portraying the country as insecure thereby creating a secure environment for FDI inflows. Democratic regimes should be sustained and investment policies should be instituted or improved on, in order to create a friendly environment to attract more FDI inflows.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":"12 1","pages":"155-164"},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82156891","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: 10.4172/2375-4389.1000299
F. Fiedler
In 2013 the Greek financial crisis hit the small island of Cyprus hard when it spilled over from Greece, due to the strong economic, financial and intercultural interlink ages. Even though it is questionable, whether Cyprus has created its own distress or if mainly the International and European architecture of the financial markets is to be blamed, an unprecedented step has been introduced by the Troika, a bail-out bail-in requirement. Through conducting an extensive literature review this unprecedented tool in the European history is analyzed in theory and subsequently regarding the Cyprus relief. The findings suggest that both, generally and specifically regarding the Cypriot case, a bail-in has shown to be effective in reducing financing needs for the respective governments and creditors. Nevertheless, such a measure does not come without a price. Therefore, implications on deposit holders and citizens are regarded.
{"title":"Contagion of Sovereign Debt Crises: The “Financial Crisis” Spill-Over from Greece to Cyprus in 2013. Empirical Evidence and Possible Conclusions","authors":"F. Fiedler","doi":"10.4172/2375-4389.1000299","DOIUrl":"https://doi.org/10.4172/2375-4389.1000299","url":null,"abstract":"In 2013 the Greek financial crisis hit the small island of Cyprus hard when it spilled over from Greece, due to the strong economic, financial and intercultural interlink ages. Even though it is questionable, whether Cyprus has created its own distress or if mainly the International and European architecture of the financial markets is to be blamed, an unprecedented step has been introduced by the Troika, a bail-out bail-in requirement. Through conducting an extensive literature review this unprecedented tool in the European history is analyzed in theory and subsequently regarding the Cyprus relief. The findings suggest that both, generally and specifically regarding the Cypriot case, a bail-in has shown to be effective in reducing financing needs for the respective governments and creditors. Nevertheless, such a measure does not come without a price. Therefore, implications on deposit holders and citizens are regarded.","PeriodicalId":73758,"journal":{"name":"Journal of global health economics and policy","volume":"50 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84571426","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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