Template-Type: ReDIF-Article 1.0
Author-Name: Van Dan Dang
Author-X-Name-First: Van Dan
Author-X-Name-Last: Dang
Title: Income structure and bank capital: evidence from Vietnam
Abstract:
The study examines the impacts of bank income structure captured by income diversification and volatility on capital buffers. Using a dataset of Vietnam during 2008-2017, we find that: 1) income diversification towards non-interest segments reduces capital holdings; 2) revenue volatility is accompanied by a higher level of capitalisation. These results are robust across alternative measures of bank income, and different econometric methodologies based on the generalised method of moments and the standard approach of least squares method in dynamic and static panel models. The findings exhibit the benefits of income diversification and revenue stability in terms of capital savings for banks themselves. In contrast, from the regulatory perspective that favours bank safety and soundness, these findings also suggest some insightful implications for policymakers.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 146-160
Issue: 2
Volume: 20
Year: 2024
Keywords: capital buffer; income diversification; income structure; revenue volatility; Vietnam.
File-URL: http://www.inderscience.com/link.php?id=141568
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:2:p:146-160

Template-Type: ReDIF-Article 1.0
Author-Name: Winalda Ajaniara Perdana
Author-X-Name-First: Winalda Ajaniara
Author-X-Name-Last: Perdana
Author-Name: Rofikoh Rokhim
Author-X-Name-First: Rofikoh
Author-X-Name-Last: Rokhim
Title: Internal fraud (operational risk) and bank performance in Indonesia
Abstract:
This research investigates the impact of internal fraud, which is the main component in operational risk to bank performance in Indonesia. Some previous studies in developed countries have found that operational risk will give negative impact to bank performance, because operational risk such as fraud and human errors will reduce profitability and increase cost. Using data in Indonesia from 2010 to 2016, this study finds that banks with higher internal fraud tend to have worse performance. This result is in line with the previous research done in developed countries. Due to the fact that banks in Indonesia are very proactive to mitigate fraud as the situation in Indonesia is very sensitive to fraud. The media will expose the case, and it will hurt bank's reputation as Indonesian people are very reactive to news. Therefore, banks in Indonesia have put operational risk into one of their main concerns throughout the years which later shown to a very low number of internal frauds among big Indonesian banks.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 111-125
Issue: 2
Volume: 20
Year: 2024
Keywords: internal fraud; operational risk; bank performance; Indonesian banks; Indonesia.
File-URL: http://www.inderscience.com/link.php?id=141576
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:2:p:111-125

Template-Type: ReDIF-Article 1.0
Author-Name: Bui Anh Thanh
Author-X-Name-First: Bui Anh
Author-X-Name-Last: Thanh
Author-Name: Nguyen Vinh Khuong
Author-X-Name-First: Nguyen Vinh
Author-X-Name-Last: Khuong
Title: The impact of corporate governance on the working capital management of Vietnamese-listed firms during the COVID-19 pandemic period
Abstract:
This study evaluates the impact of corporate governance (CG) on the working capital management (WCM) of non-financial companies listed on the Vietnam stock market. In this study, we use the system generalised method of moments (SysGMM) regression method with panel data of 552 companies in 2015-2022 to examine the relationship mentioned above. The findings indicate a positive relationship between CG and WCM. This study provides empirical evidence regarding the role of CG mechanisms in the effectiveness of WCM strategies. Simultaneously, it expands current academic literature by introducing new empirical evidence that applies to countries with circumstances similar to Vietnam, especially amid economic crises and the aftermath of the post-COVID-19 epidemic. These discoveries offer managers, investors, and other interested parties valuable insights.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 24-40
Issue: 5
Volume: 20
Year: 2024
Keywords: working capital management; WCM; corporate governance; CG; COVID-19; Vietnam.
File-URL: http://www.inderscience.com/link.php?id=143370
File-Format: text/html
File-Restriction: Open Access
Handle: RePEc:ids:ijepee:v:20:y:2024:i:5:p:24-40

Template-Type: ReDIF-Article 1.0
Author-Name: Yakhya G. Buchaev
Author-X-Name-First: Yakhya G.
Author-X-Name-Last: Buchaev
Author-Name: Arsen S. Abdulkadyrov
Author-X-Name-First: Arsen S.
Author-X-Name-Last: Abdulkadyrov
Author-Name: Salihbek G. Abdulmanapov
Author-X-Name-First: Salihbek G.
Author-X-Name-Last: Abdulmanapov
Author-Name: Rauf N. Gadzhiev
Author-X-Name-First: Rauf N.
Author-X-Name-Last: Gadzhiev
Author-Name: Zalina M. Abdullaeva
Author-X-Name-First: Zalina M.
Author-X-Name-Last: Abdullaeva
Title: Managing innovations and digitalisation in the age of intellectual machines: challenges for the economic policy in Russian regions
Abstract:
The purpose of this article is to study the challenges to management of innovations and digitalisation in the age of intellectual machines and to develop an alternative approach to implementation of the economic policy in the sphere of modernisation in the modern regions by the example of Russian regions. Originality of this research consists in refusal from the traditional generalisation of innovations and digitalisation as the sources of modernisation. Instead of this, here innovations and digitalisation are differentiation in view of not only commercial effectiveness (for a company implementing them) but also of the consequences for a region in the age of intellectual machines. It is proved (by the example of Russian regions) that consequences of digitalisation and innovations for society, state, entrepreneurship, and environment are different. The importance of the obtained conclusions for economic policy consists in the study of its new challenges in the age of intellectual machines.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 346-356
Issue: 3/4
Volume: 19
Year: 2024
Keywords: innovations; digitalisation; intellectual machines; economic policy; regions of Russia.
File-URL: http://www.inderscience.com/link.php?id=139068
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:346-356

Template-Type: ReDIF-Article 1.0
Author-Name: Nelia A. Deberdeeva
Author-X-Name-First: Nelia A.
Author-X-Name-Last: Deberdeeva
Author-Name: Tatiana M. Rogulenko
Author-X-Name-First: Tatiana M.
Author-X-Name-Last: Rogulenko
Author-Name: Anna V. Bodiako
Author-X-Name-First: Anna V.
Author-X-Name-Last: Bodiako
Author-Name: Svetlana V. Ponomareva
Author-X-Name-First: Svetlana V.
Author-X-Name-Last: Ponomareva
Title: Innovative post-industrial development in the age of intellectual machines: experience and perspectives of financing in emerging economies
Abstract:
Originality of this paper is predetermined by its following advantages as compared to the existing publications. First advantage: independent study of the financial factors of emerging economies' innovative development, which allows determining their most precise and correct influence on innovative development. Second advantage: consideration of the experience of emerging economies, which allows determining the specifics of their innovative post-industrial development in the age of intellectual machines and offering unique (different from developed countries) recommendations in the sphere of economic policy. Third advantage: detailed study of not innovations on the whole, but hi-tech (digital) post-industrial innovations. Unlike the existing works, which treat Industry 4.0 as source and result of industrial innovations, this paper acknowledges the significant contribution and potential of Industry 4.0 in generation and provision of post-industrial innovations, which opens a new angle in the study of innovative development in the age of intellectual machines.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 393-404
Issue: 3/4
Volume: 19
Year: 2024
Keywords: economic policy; innovative post-industrial development; business; financing; financial management; intellectual machines; emerging economies.
File-URL: http://www.inderscience.com/link.php?id=139069
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:393-404

Template-Type: ReDIF-Article 1.0
Author-Name: Mikhail Y. Zakharov
Author-X-Name-First: Mikhail Y.
Author-X-Name-Last: Zakharov
Author-Name: Elena A. Sulimova
Author-X-Name-First: Elena A.
Author-X-Name-Last: Sulimova
Author-Name: Maria E. Konovalova
Author-X-Name-First: Maria E.
Author-X-Name-Last: Konovalova
Author-Name: Timur A. Mustafin
Author-X-Name-First: Timur A.
Author-X-Name-Last: Mustafin
Title: Digital personnel in labour market as the basis of creating highly efficient jobs in developing countries in the age of intellectual machines
Abstract:
The purpose of this research is to determine and substantiate the perspectives of improving the economic policy of digital personnel management in labour market for creation of highly efficient jobs in developing countries in the age of intellectual machines. Originality of this research consists in a new, wider view at the economic policy of digital personnel management in labour market for the purpose of creation of highly efficient jobs in developing countries in the age of intellectual machines, which is not limited by personnel training but takes into account their use in entrepreneurship. The obtained results contribute to development of the theory and practice of economic policy through specifying the factors of creation of highly efficient jobs in developing countries in the age of intellectual machines based on digital personnel and developing high precision applied recommendations for management of these factors.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 296-307
Issue: 3/4
Volume: 19
Year: 2024
Keywords: economic policy; digital personnel; intellectual machines; highly efficient jobs; emerging economies.
File-URL: http://www.inderscience.com/link.php?id=139070
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:296-307

Template-Type: ReDIF-Article 1.0
Author-Name: Bogdan S. Vasyakin
Author-X-Name-First: Bogdan S.
Author-X-Name-Last: Vasyakin
Author-Name: Dmitry N. Mednikov
Author-X-Name-First: Dmitry N.
Author-X-Name-Last: Mednikov
Author-Name: Ekaterina A. Karelina
Author-X-Name-First: Ekaterina A.
Author-X-Name-Last: Karelina
Author-Name: Alexey S. Kharlanov
Author-X-Name-First: Alexey S.
Author-X-Name-Last: Kharlanov
Title: Marketing model of distribution of intellectual machines as new subjects of socio-economic relations in emerging economies
Abstract:
The purpose of this paper is to develop and substantiate the preference of the marketing model of distribution of intellectual machines as new subjects of socio-economic relations in emerging economies. Originality of this research consists in developing a new model of economic policy in emerging economies, which envisage management of intellectual machines' distribution not on the basis of increase of regulation (which is traditionally done) but de-regulation with the help of marketing. The advantages of the offered model include the shift of non-commercial burden on stimulation of intellectual machines' distribution from government to private entrepreneurship (saving government resources) and providing private business with an additional opportunity to obtain commercial advantages from digitalisation with the help of intellectual machines marketing. Contribution of the performed research consists in substantiation of the advantages of the marketing tools of managing the distribution of intellectual machines as new subjects of socio-economic relations.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 333-345
Issue: 3/4
Volume: 19
Year: 2024
Keywords: economic policy; marketing; intellectual machines; emerging economies.
File-URL: http://www.inderscience.com/link.php?id=139071
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:333-345

Template-Type: ReDIF-Article 1.0
Author-Name: Tatiana M. Vorozheykina
Author-X-Name-First: Tatiana M.
Author-X-Name-Last: Vorozheykina
Author-Name: Lyudmila I. Tsvetkova
Author-X-Name-First: Lyudmila I.
Author-X-Name-Last: Tsvetkova
Author-Name: Elena L. Pozharskaya
Author-X-Name-First: Elena L.
Author-X-Name-Last: Pozharskaya
Author-Name: Yuliya A. Agunovich
Author-X-Name-First: Yuliya A.
Author-X-Name-Last: Agunovich
Title: Financial measurement of emerging economies' effectiveness in the age of intellectual machines: scientific methodology and policy implications
Abstract:
This paper aims at developing a scientific methodology of financial measurement of emerging economies' effectiveness in the age of intellectual machines and compiling recommendations for state regulation of financial effectiveness based on digitalisation. Originality of this research consists, firstly, in development of a new methodology of financial measurement of emerging economies' effectiveness, which takes into account the specifics of the age of intellectual machines - large role of innovations and high technologies as the key directions of investing. The use of the leading methodology allows determining financial effectiveness of emerging economies in the age of intellectual machines. Secondly, digitalisation is considered as a factor of financial effectiveness of emerging economies in the age of intellectual machines, and influence of this factor and perspectives of its optimisation with the help of state economic policy in the financial sphere is determined.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 273-284
Issue: 3/4
Volume: 19
Year: 2024
Keywords: financial measurement; financial effectiveness; emerging economies; age of intellectual machines; economic policy.
File-URL: http://www.inderscience.com/link.php?id=139072
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:273-284

Template-Type: ReDIF-Article 1.0
Author-Name: Arsen S. Abdulkadyrov
Author-X-Name-First: Arsen S.
Author-X-Name-Last: Abdulkadyrov
Author-Name: Magomed Kh. Abidov
Author-X-Name-First: Magomed Kh.
Author-X-Name-Last: Abidov
Author-Name: Stanislav Yu. Evdokimov
Author-X-Name-First: Stanislav Yu.
Author-X-Name-Last: Evdokimov
Author-Name: Viktor N. Kvasnitsky
Author-X-Name-First: Viktor N.
Author-X-Name-Last: Kvasnitsky
Author-Name: Suren Khachaturian
Author-X-Name-First: Suren
Author-X-Name-Last: Khachaturian
Title: Models of economic growth of Russia's regions in the age of intellectual machines: technological breakthrough vs. stability and sustainability
Abstract:
This paper aims at determining the models of economic growth of Russia's regions in the age of intellectual machines from the positions of consequences of digitalisation in the form of technological breakthrough, stability, and sustainability. By the example of Russia's regions, we determine the models of regions' economic growth in the age of intellectual machines from the positions of opposition of technological breakthrough, stability, and sustainability. It is proved - based on the 2020 official statistics - that the leading and rapidly developing countries (rockets) implement a socio-oriented model, regions with large potential of development (racers) - externally-oriented model, and progressive regions with slow development (parachutists) - technology-oriented model. Contribution of the developed recommendations consists in systematisation of the models of region's economic growth in the age of intellectual machines and in the opportunity for application of the offered recommendations in the practice of Russia's regions.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 322-332
Issue: 3/4
Volume: 19
Year: 2024
Keywords: digital growth; regions of Russia; age of intellectual machines; technological breakthrough; stability; sustainability; economic policy.
File-URL: http://www.inderscience.com/link.php?id=139073
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:322-332

Template-Type: ReDIF-Article 1.0
Author-Name: Nadezhda I. Yashina
Author-X-Name-First: Nadezhda I.
Author-X-Name-Last: Yashina
Author-Name: Ekaterina P. Garina
Author-X-Name-First: Ekaterina P.
Author-X-Name-Last: Garina
Author-Name: Elena V. Romanovskaya
Author-X-Name-First: Elena V.
Author-X-Name-Last: Romanovskaya
Author-Name: Natalia S. Andryashina
Author-X-Name-First: Natalia S.
Author-X-Name-Last: Andryashina
Author-Name: Sergey D. Tsymbalov
Author-X-Name-First: Sergey D.
Author-X-Name-Last: Tsymbalov
Title: Budgetary stability of territories as a consequence of developing and developed economies of the regions of Russia
Abstract:
The paper presents an analysis of the regions' budgetary sustainability to identify developing economies in the Russian Federation regions. According to the ideas developed in the article, the budgetary stability of the regions is different and is based on indicators of state financing of human capital and the structure of budget revenues, as well as indicators of the regions' business activity. The vector of budgetary stability of regions repeats the vector of developed or developing economies of regions. The object of the research is consolidated and regional budgets of regions. The subjects are the methods and tools of the budget in Russian Federation regions. Works of leading domestic and foreign scientists and experts in the area of budget management were the theoretical basis of this research. It is based on a systems approach that allows to analyse various aspects of the budget stability evaluation in internal and external financial constraints.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 308-321
Issue: 3/4
Volume: 19
Year: 2024
Keywords: budget; analysis of the budget system; the method of evaluating fiscal sustainability regions; Russia.
File-URL: http://www.inderscience.com/link.php?id=139074
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:308-321

Template-Type: ReDIF-Article 1.0
Author-Name: Veronika V. Yankovskaya
Author-X-Name-First: Veronika V.
Author-X-Name-Last: Yankovskaya
Author-Name: Maria V. Zaytseva
Author-X-Name-First: Maria V.
Author-X-Name-Last: Zaytseva
Author-Name: Irina V. Petrovskaya
Author-X-Name-First: Irina V.
Author-X-Name-Last: Petrovskaya
Author-Name: Olga Yu. Kuzmina
Author-X-Name-First: Olga Yu.
Author-X-Name-Last: Kuzmina
Title: Financial strategy of human development management in emerging economies in the age of intellectual machines
Abstract:
The goal is to develop a financial strategy of human development management in emerging economies in the age of intellectual machines. A new approach to solving this problem is offered; it envisages the combination of state regulation and search for the ways to activate the market mechanism. Originality of this research consists in consideration and detailed study of a wide set of financial factors of human development in emerging economies in the age of intellectual machines, which allows for precise and correct determination of capabilities (potential) and limitations of application of the financial mechanism for human development. The uniqueness of this paper consists in consideration of the specifics of the age of intellectual machines and the international experience of emerging economies, due to which the developed recommendations in the sphere of economic policy are ready to be implemented and show high effectiveness in emerging economies with progressive digital economy.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 259-272
Issue: 3/4
Volume: 19
Year: 2024
Keywords: economic policy; financial strategy; management; human development; age of intellectual machines; emerging economies.
File-URL: http://www.inderscience.com/link.php?id=139075
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File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:259-272

Template-Type: ReDIF-Article 1.0
Author-Name: Vladimir S. Osipov
Author-X-Name-First: Vladimir S.
Author-X-Name-Last: Osipov
Author-Name: Galina N. Semenova
Author-X-Name-First: Galina N.
Author-X-Name-Last: Semenova
Author-Name: Gyulnara A. Adamova
Author-X-Name-First: Gyulnara A.
Author-X-Name-Last: Adamova
Author-Name: Lidiya B. Larina
Author-X-Name-First: Lidiya B.
Author-X-Name-Last: Larina
Title: Industry 4.0 as the vector of industrial development in emerging economies in the age of intellectual machines: a financial aspect
Abstract:
The purpose of this paper is to study a financial aspect of the progress of Industry 4.0 as the vector of industrial development in emerging economies in the age of intellectual machines and to develop recommendations for conducting economic policy of managing this process. Originality and uniqueness of this research consist in consideration and determination of the specifics of emerging economies' experience; deep research of the financial aspect of the progress of Industry 4.0 as the vector of industrial development in emerging economies in the age of intellectual machines with application of mathematical tools, in view of insufficient elaboration of this aspect in the existing literature, where it is studied only qualitatively (not quantitatively) together with other aspects; in systemic study of the factors and advantages of the progress of Industry 4.0 as the vector of industrial development in emerging economies in the age of intellectual machines.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 381-392
Issue: 3/4
Volume: 19
Year: 2024
Keywords: economic policy; Industry 4.0; industrial development; financial management; intellectual machines; emerging economies.
File-URL: http://www.inderscience.com/link.php?id=139076
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:381-392

Template-Type: ReDIF-Article 1.0
Author-Name: Anastasiya A. Sozinova
Author-X-Name-First: Anastasiya A.
Author-X-Name-Last: Sozinova
Author-Name: Ekaterina N. Ilyina
Author-X-Name-First: Ekaterina N.
Author-X-Name-Last: Ilyina
Author-Name: Larisa V. Shabaltina
Author-X-Name-First: Larisa V.
Author-X-Name-Last: Shabaltina
Author-Name: Emil Velinov
Author-X-Name-First: Emil
Author-X-Name-Last: Velinov
Author-Name: Larisa V. Popova
Author-X-Name-First: Larisa V.
Author-X-Name-Last: Popova
Title: Hi-tech production based on intelligent machines in emerging economies in Industry 4.0: a source of new quality of economic growth or a path to socio-economic crisis
Abstract:
The goal of this paper is to determine whether hi-tech production based on intelligent machines in emerging economies in Industry 4.0 is a source of new quality of economic growth or a path to socio-economic crisis and to prepare recommendations for managing the process of robotisation of emerging economies with the help of economic policy. Originality of this research consists also in a multi-factor study of quality of economic growth and consideration of the current crisis situation in the global economy. The perspective of transition to new quality of economic growth is for the first time studied not at the upward but at the downward phase of an economic cycle. We study the experience of emerging economies that suffered from the 2020 crisis and take into account a new factor that appeared in the crisis conditions - the factor of entrepreneurial fear of failure, which supposedly influences the intensity of robotisation.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 368-380
Issue: 3/4
Volume: 19
Year: 2024
Keywords: economic policy; hi-tech production; intellectual machines; Industry 4.0; new quality of economic growth; socio-economic crisis; emerging economies.
File-URL: http://www.inderscience.com/link.php?id=139077
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:368-380

Template-Type: ReDIF-Article 1.0
Author-Name: Khadizhat M. Khadzhalova
Author-X-Name-First: Khadizhat M.
Author-X-Name-Last: Khadzhalova
Author-Name: Shahmardan S. Muduev
Author-X-Name-First: Shahmardan S.
Author-X-Name-Last: Muduev
Author-Name: Sabina E. Savzikhanova
Author-X-Name-First: Sabina E.
Author-X-Name-Last: Savzikhanova
Author-Name: Olga V. Budzinskaya
Author-X-Name-First: Olga V.
Author-X-Name-Last: Budzinskaya
Author-Name: Zagrat Z. Arslagereeva
Author-X-Name-First: Zagrat Z.
Author-X-Name-Last: Arslagereeva
Title: Labour mobility in emerging economies: a contribution to provision of employees' competitiveness in the age of intellectual machines
Abstract:
The goal of this paper is to determine and compare the contribution of digital and physical labour mobility to the provision of employees' competitiveness in the age of intellectual machines in emerging economies. Originality and advantage of the new approach consist in considering the specifics of the age of intellectual machines as a modern context of economic systems' development. This allows taking into account new criteria of employees' competitiveness and considering an alternative - digital - mechanism of labour mobility, which envisages online communications, virtual transfer of knowledge, experience, and information, and remote employment abroad (preserving the main job in the country of residence) instead of physical relocation of employees (migration from one country to another). Contribution of this research to the theory and practice of economic policy consists in proving the negative influence of labour migration on employees' competitiveness in the age of intellectual machines.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 357-367
Issue: 3/4
Volume: 19
Year: 2024
Keywords: labour mobility; international migration; digital mobility; emerging economies; employees' competitiveness; age of intellectual machines; economic policy.
File-URL: http://www.inderscience.com/link.php?id=139082
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:357-367

Template-Type: ReDIF-Article 1.0
Author-Name: Igor E. Mizikovsky
Author-X-Name-First: Igor E.
Author-X-Name-Last: Mizikovsky
Author-Name: Dmitry N. Lapaev
Author-X-Name-First: Dmitry N.
Author-X-Name-Last: Lapaev
Author-Name: Dmitry A. Kornilov
Author-X-Name-First: Dmitry A.
Author-X-Name-Last: Kornilov
Author-Name: Sergey N. Yashin
Author-X-Name-First: Sergey N.
Author-X-Name-Last: Yashin
Author-Name: Viktor P. Kuznetsov
Author-X-Name-First: Viktor P.
Author-X-Name-Last: Kuznetsov
Title: Engineering enterprise cost management policy in a developing real economy
Abstract:
The article is devoted to the study of the problem of commercial costs distribution of a machine-building enterprise based on economic policies for managing production and product promotion costs in emerging economies. Theoretical and methodological approaches to the instrumentalisation of accounting and calculation work are studied in order to structure the set of techniques and methods for allocating sales costs to the total cost of production. As a result of the decomposition of commercial activities into relevant processes and the selection of distribution indicators that are economically adequate for them. Offered to the widespread use of economic policies for managing production and product promotion costs in emerging economies, based on the application of the proposed processes and the author bases the distribution on the production costs spent on sell costs will significantly improve the accuracy of the calculation results; provide relevant data making processes both operational and strategic decision-making aimed at reducing the level of costs.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 285-295
Issue: 3/4
Volume: 19
Year: 2024
Keywords: costing; activity-based costing; selling costs; processes; distribution; assignment to cost; total cost.
File-URL: http://www.inderscience.com/link.php?id=139083
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:285-295

Template-Type: ReDIF-Article 1.0
Author-Name: Aleksei V. Bogoviz
Author-X-Name-First: Aleksei V.
Author-X-Name-Last: Bogoviz
Author-Name: Alexander N. Alekseev
Author-X-Name-First: Alexander N.
Author-X-Name-Last: Alekseev
Author-Name: Svetlana V. Lobova
Author-X-Name-First: Svetlana V.
Author-X-Name-Last: Lobova
Author-Name: Vladimir S. Osipov
Author-X-Name-First: Vladimir S.
Author-X-Name-Last: Osipov
Title: A new educational model for training digital personnel and intelligent machines: standardisation vs. flexibility
Abstract:
The purpose of this article is to find the optimal ratio of standardisation and flexibility in a new model of education for training digital personnel and teaching intelligent machines in emerging economies. Originality of this research consists in distinguishing different categories of emerging economies by the criterion of specialisation of their educational systems: training of digital personnel or teaching of intelligent machines. This allows determining various needs to change the economic policy in these categories of countries and determining the most precise and detailed empirical landmarks for them. Training of digital personnel and training of intelligent machines is considered in the systemic way, but at the same time separately. This allows finding the perspectives of joint and separate implementation of these strategic landmarks in emerging economies.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 234-247
Issue: 3/4
Volume: 19
Year: 2024
Keywords: economic policy; new model of education; training digital personnel; teaching intelligent machines; standardisation; flexibility; emerging economies.
File-URL: http://www.inderscience.com/link.php?id=139085
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:234-247

Template-Type: ReDIF-Article 1.0
Author-Name: Galina A. Morozova
Author-X-Name-First: Galina A.
Author-X-Name-Last: Morozova
Author-Name: Igor E. Mizikovsky
Author-X-Name-First: Igor E.
Author-X-Name-Last: Mizikovsky
Author-Name: Elena V. Kornilova
Author-X-Name-First: Elena V.
Author-X-Name-Last: Kornilova
Author-Name: Elena Y. Trifonova
Author-X-Name-First: Elena Y.
Author-X-Name-Last: Trifonova
Author-Name: Svetlana N. Kuznetsova
Author-X-Name-First: Svetlana N.
Author-X-Name-Last: Kuznetsova
Title: Formation and development of digital marketing in a business environment
Abstract:
The purpose of the article is to identify trends in the development of digital marketing and assess the readiness of various fields to its use, as well as to explore the availability of the necessary knowledge and skills of managers responsible for digitisation technologies and intellectual machines. The results show the classification of organisations: open type organisations (platform type, including experience, service, sound-box, which enable the consumer himself to become the creator of a new product); data-centric organisations, the focus is on the design of consumer products and services. A new paradigm of working with analytics of platform-based business models is proposed. To do this, it is necessary to quickly digitalise enterprises and organisations whose products and services are in demand and will be in demand, which allows the comprehensive use of data transmitted by devices from the internet of things, digital platforms (DMP, DSP, SSP, ad exchange), and intelligent systems.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 248-258
Issue: 3/4
Volume: 19
Year: 2024
Keywords: intellectual machines; intellectual system; digital marketing; data management platform; demand side platform; supply side platform; ad exchange; hub; customer data platform.
File-URL: http://www.inderscience.com/link.php?id=139086
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:3/4:p:248-258

Template-Type: ReDIF-Article 1.0
Author-Name: Lina Anatan
Author-X-Name-First: Lina
Author-X-Name-Last: Anatan
Title: University to MSMEs knowledge transfer in Indonesia
Abstract:
This study involved 201 MSMEs collected through online survey. By using descriptive statistic, this study found that the main interest of MSMEs to engage with universities is to digitise. The most type of collaboration needed is market study, while the main objective of MSMEs to collaborate is to increase market share. Increasing profits through productivity become the main motivation of MSMEs to collaborate, business development is the outcome that MSMEs are willing to achieve the most from the partnership, while funding problem is the biggest barrier to realising university and MSMEs partnership. SmartPLS used to test the hypotheses, the study found that university to MSMEs knowledge transfer significantly affect competitive advantage and MSMEs performance, and the competitive advantage was significantly affected MSMEs performance. The study also found that the hypothesis testing the influence of university to MSMEs knowledge transfer mediated by competitive advantage was also supported.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 1-23
Issue: 5
Volume: 20
Year: 2024
Keywords: knowledge transfer; partnership; university; MSMEs; Indonesia.
File-URL: http://www.inderscience.com/link.php?id=143188
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File-Restriction: Open Access
Handle: RePEc:ids:ijepee:v:20:y:2024:i:5:p:1-23

Template-Type: ReDIF-Article 1.0
Author-Name: Chahir Zaki
Author-X-Name-First: Chahir
Author-X-Name-Last: Zaki
Title: Why don't firms grow? Evidence from Egypt
Abstract:
Using a comprehensive firm-level dataset for Egypt from the World Bank Enterprise Surveys (2013, 2016, 2020), the paper tries to examine the main constraints faced by Egyptian firms and to analyse how these barriers limit their growth. The contribution of the paper is twofold: first, it considers a large array of constraints (related to infrastructure, macroeconomic policy, stability and security, institutions and factors of production) that hinder firms' expansion; second, it examines the effect of these constraints on various measures of firms' performance (sales, employment, capacity utilisation and exports). The main findings of the paper show that business licenses and practices from the informal sector exert a negative effect on sales, employment and capacity utilisation. At the macroeconomic policy level, access to finance, tax rates and tax administration hinder the expansion of firms. While small and exporting firms are more affected by most of the constraints, firms operating in the manufacturing sector face more impediments compared to their counterparts operating in the service sector.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 347-369
Issue: 3/4
Volume: 20
Year: 2024
Keywords: Egypt; firms; constraints.
File-URL: http://www.inderscience.com/link.php?id=142461
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:347-369

Template-Type: ReDIF-Article 1.0
Author-Name: Harishankar Vidyarthi
Author-X-Name-First: Harishankar
Author-X-Name-Last: Vidyarthi
Author-Name: Santosh Kumar Tiwari
Author-X-Name-First: Santosh Kumar
Author-X-Name-Last: Tiwari
Title: Dynamics of energy consumption, financial development, trade openness and economic growth in India: an autoregressive distributed lag bounds cointegration approach
Abstract:
The study examines the dynamics between energy consumption, growth, trade openness, and financial development using multivariate ARDL bounds testing approach to cointegration approach for India during 1971-2018. The findings confirm long-run equilibrium relationship among underlying variables. Estimated income elasticity indicates that 1% rise in energy consumption per capita leads to 2.9220% increase in GDP per capita. Further, study confirms improvement in energy access, financial development and trade openness may enhance economic growth for India in long run.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 370-382
Issue: 3/4
Volume: 20
Year: 2024
Keywords: energy consumption; economic growth; ARDL bounds test; financial development; India.
File-URL: http://www.inderscience.com/link.php?id=142462
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:370-382

Template-Type: ReDIF-Article 1.0
Author-Name: Sam'un Jaja Raharja
Author-X-Name-First: Sam'un Jaja
Author-X-Name-Last: Raharja
Author-Name: Margo Purnomo
Author-X-Name-First: Margo
Author-X-Name-Last: Purnomo
Title: Exploring the research opportunities in public entrepreneurship: insight from systematic mapping study and co-authorship analysis
Abstract:
This study aims to explore the themes of studies on public entrepreneurship publications. It uses systematic mapping study and co-authorship analysis methods. Data used for the analysis cover the period of 2010-2019. Studies have provided outputs in the form of visualisation of research maps of the authors involved in the largest set of connected and collaboration in the field of public entrepreneurship and from various countries. A total of 77 authors, amongst the 2,864, are included in this study. The general topics of study are capital in public entrepreneurship, public sector entrepreneurship, public entrepreneurship process and public entrepreneurship performance.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 312-324
Issue: 3/4
Volume: 20
Year: 2024
Keywords: co-authorship analysis collaboration; public entrepreneur; public entrepreneurship; systematic mapping study; SMS.
File-URL: http://www.inderscience.com/link.php?id=142463
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:312-324

Template-Type: ReDIF-Article 1.0
Author-Name: Phuong Nguyen
Author-X-Name-First: Phuong
Author-X-Name-Last: Nguyen
Author-Name: Hoa Doan Xuan Trieu
Author-X-Name-First: Hoa Doan Xuan
Author-X-Name-Last: Trieu
Author-Name: Toan Bao Le
Author-X-Name-First: Toan Bao
Author-X-Name-Last: Le
Author-Name: Toan Duy Le
Author-X-Name-First: Toan Duy
Author-X-Name-Last: Le
Author-Name: Khoa Tien Tran
Author-X-Name-First: Khoa Tien
Author-X-Name-Last: Tran
Title: The role of culture, religious belief, and subjective norm on the environmental factors and life satisfaction
Abstract:
This study examines the effects of culture, religious belief, subjective norm, and environmental concern on pro-environmental behaviour and life satisfaction. The quantitative approach was implemented to analyse data gathered from 301 worshipers in Bind Duong province, Vietnam. Using the PLS-SEM approach, the findings reveal that culture has positive relationships with religious beliefs, subjective norm, and environmental concern. Moreover, there is a connection between environmental concern and behaviour, which in turn influences life satisfaction. This article contributes to the limited literature review of culture, religion, and environment-related variables in Vietnam. Finally, this study provides authorities meaningful insights to mitigate the negative impacts of economic and social development by utilising cultural factors and promoting pro-environmental behaviour and life satisfaction.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 287-295
Issue: 3/4
Volume: 20
Year: 2024
Keywords: environmental behaviour; environmental concern; satisfaction with life; culture; religious beliefs; subjective norm.
File-URL: http://www.inderscience.com/link.php?id=142464
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:287-295

Template-Type: ReDIF-Article 1.0
Author-Name: Kanokwan Chancharoenchai
Author-X-Name-First: Kanokwan
Author-X-Name-Last: Chancharoenchai
Author-Name: Wuthiya Saraithong
Author-X-Name-First: Wuthiya
Author-X-Name-Last: Saraithong
Title: Trade liberalisation and its nexus with environmental issues: an individual perspective
Abstract:
This paper aims to study the micro aspects of the implementation of international trade policy, with an emphasis on the relationship between people's concerns for the environment and their preferences for trade policy. It is undertaken based on questionnaire surveys conducted in Bangkok, Thailand. Logit technique is found to be proper to estimate the marginal effect. The main result shows that understanding and accurate perception about both the liberalisation of trade policy and environmental issues can influence people's support for the openness of trade policy. More importantly, the investigation reveals the positive relationship between the awareness of environmental problems and the favour for trade policy liberalisation.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 217-226
Issue: 3/4
Volume: 20
Year: 2024
Keywords: trade policy preference; trade liberalisation; environmental concerns; Thailand.
File-URL: http://www.inderscience.com/link.php?id=142465
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:217-226

Template-Type: ReDIF-Article 1.0
Author-Name: Takayasu Ito
Author-X-Name-First: Takayasu
Author-X-Name-Last: Ito
Title: The impact of the COVID-19 pandemic on different property sectors of J-REIT: comparative analysis before and after the crisis
Abstract:
Three sectors (office, residential, and retail and logistics) of J-REIT (real estate investment trust) in Japan moved independently without mutual transmission before the COVID-19 pandemic. However, these three sectors moved together with some mutual transmission after the pandemic. These sectors were driven without a common trend before the pandemic, but they were driven with a common trend after the pandemic. The common trend is the influence of COVID-19, which severely damaged the demand for real estate in Japan. Additional measures introduced by the BOJ enhanced the impact of this common trend. The J-REIT market structurally changed after the COVID-19 pandemic. The impact of COVID-19 is possibly a worldwide common trend affecting different sectors of REIT markets not only in Japan but also in other countries.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 340-346
Issue: 3/4
Volume: 20
Year: 2024
Keywords: causality; cointegration; COVID-19; J-REIT; property sectors.
File-URL: http://www.inderscience.com/link.php?id=142466
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:340-346

Template-Type: ReDIF-Article 1.0
Author-Name: Dyah Setyaningrum
Author-X-Name-First: Dyah
Author-X-Name-Last: Setyaningrum
Title: Quality education and human development index
Abstract:
This study analyses the relationship between education expenditure with the fulfilment of quality education indicators, and whether these fulfilments affect the quality of human development index (HDI). HDI will help a country to transform to be a developed country. This study is using 22 SDGs indicators from Indonesian provincial governments in 2018-2019. The results show the positive correlation between the education expenditure and the fulfilment of quality education. The result also shows the positive influence of the quality education on the HDI. Through educational expenditure, quality of education will improve and HDI is expected to increase.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 304-311
Issue: 3/4
Volume: 20
Year: 2024
Keywords: education expenditure; human development index; HDI; Indonesia; sustainable development goals; SDGs; quality education.
File-URL: http://www.inderscience.com/link.php?id=142467
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:304-311

Template-Type: ReDIF-Article 1.0
Author-Name: Vilaiwan Thiangtong
Author-X-Name-First: Vilaiwan
Author-X-Name-Last: Thiangtong
Author-Name: Surachai Chancharat
Author-X-Name-First: Surachai
Author-X-Name-Last: Chancharat
Title: Will the cross-cultural marriage be a happy wife and happy life?
Abstract:
Cross-cultural marriage is one of the region's unique socio-economic phenomenon in Northeastern Thailand (ISAN). This encourages economic growth in the region as if it were a result of international trade. However, the main reason that these women married foreign men because of their poverty (Pomsema et al., 2015). While the economy appears to be improving, one could wonder what their level of life satisfaction is. In 2015, 452 individuals were surveyed using the questionnaire in the provinces of Udon Thani and Burirum. The findings of OLS regression will disclose their life satisfaction, and the proper economic implication could be designed.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 296-303
Issue: 3/4
Volume: 20
Year: 2024
Keywords: subjective well-being; life satisfaction; cross-cultural marriage; happiness.
File-URL: http://www.inderscience.com/link.php?id=142468
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:296-303

Template-Type: ReDIF-Article 1.0
Author-Name: Siwapong Dheera-aumpon
Author-X-Name-First: Siwapong
Author-X-Name-Last: Dheera-aumpon
Author-Name: Piyaphan Changwatchai
Author-X-Name-First: Piyaphan
Author-X-Name-Last: Changwatchai
Title: Bribery and firm characteristics in Thailand
Abstract:
Corruption is a major issue in Thailand, commonly occurring as bribery. This study examined the relationships between bribery and the characteristics of firms in Thailand using data from the 2016 World Bank Enterprise Survey. Findings indicated that two characteristics including the experience of the senior executive and the level of market competition significantly and positively related to bribe giving. The results were robust and applied additional control variables and different regression models. To eliminate bribery, the government should target experienced managers and firms in highly competitive markets. International investors should also be aware of the prevalence of bribery in firms facing high competition.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 246-254
Issue: 3/4
Volume: 20
Year: 2024
Keywords: bribery; business; corruption; firm; Thai.
File-URL: http://www.inderscience.com/link.php?id=142469
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:246-254

Template-Type: ReDIF-Article 1.0
Author-Name: Savina Dinda Ramadhanty
Author-X-Name-First: Savina Dinda
Author-X-Name-Last: Ramadhanty
Author-Name: Taufik Faturohman
Author-X-Name-First: Taufik
Author-X-Name-Last: Faturohman
Title: Satisfaction of mobile banking customers in Indonesia
Abstract:
The banking industry has grown rapidly to meet the dynamics of the world economic system. This results in changes in the transactional behaviour of mobile banking customers. Previous studies focused more on the behavioural intentions that influence people to adopt mobile banking. Therefore, this study focuses on the post-adoption behaviour, such as customer satisfaction. More specifically, it focuses on the relationship between trust and customer satisfaction and trust as the mediating variable. According to the findings, banks that are considered trustworthy by their customers usually have satisfactory mobile banking.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 255-264
Issue: 3/4
Volume: 20
Year: 2024
Keywords: customer satisfaction; trust; mobile banking; Indonesia.
File-URL: http://www.inderscience.com/link.php?id=142470
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:255-264

Template-Type: ReDIF-Article 1.0
Author-Name: Fatima Vitriani
Author-X-Name-First: Fatima
Author-X-Name-Last: Vitriani
Author-Name: Taufik Faturohman
Author-X-Name-First: Taufik
Author-X-Name-Last: Faturohman
Author-Name: Indra Yudha Mambea
Author-X-Name-First: Indra Yudha
Author-X-Name-Last: Mambea
Title: Does COVID-19 pandemic change financial behaviour?
Abstract:
The COVID-19 pandemic has spread at an alarming rate, causing economic paralysis and financial behaviour change as countries imposed strict movement restrictions to halt the spread of the virus. This study aimed to determine the relationship between financial literacy, internal and external locus of control, and financial behaviour before and during the COVID-19 pandemic. The results show that specific financial behaviours change during the pandemic. Furthermore, it was found that financial literacy and internal locus of control influence financial behaviour before the pandemic, while external locus of control also influences financial behaviour during the pandemic.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 333-339
Issue: 3/4
Volume: 20
Year: 2024
Keywords: financial behaviour; financial literacy; locus of control; COVID-19.
File-URL: http://www.inderscience.com/link.php?id=142471
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:333-339

Template-Type: ReDIF-Article 1.0
Author-Name: Marcellia Susan
Author-X-Name-First: Marcellia
Author-X-Name-Last: Susan
Author-Name: Jacinta Winarto
Author-X-Name-First: Jacinta
Author-X-Name-Last: Winarto
Author-Name: Ika Gunawan
Author-X-Name-First: Ika
Author-X-Name-Last: Gunawan
Title: Determinants of FinTech-based financial literacy of micro, small, and medium enterprises
Abstract:
Information technology development currently provides significant changes in various business sectors, both domestic and global coverage. Financial technology (FinTech) services in Indonesia target people who need funds but are not served by banks. The study aims to analyse the financial literacy of micro, small, and medium enterprises (MSMEs), specifically related to FinTech services. Primary data were obtained from MSMEs in West Java, Indonesia, and then processed to confirm financial literacy determinants. The study contributes and reveals that MSMEs owners/managers' financial literacy is determined by financial information provided by the media.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 325-332
Issue: 3/4
Volume: 20
Year: 2024
Keywords: financial literacy; financial technology; micro, small, and medium enterprises; MSMEs.
File-URL: http://www.inderscience.com/link.php?id=142472
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:325-332

Template-Type: ReDIF-Article 1.0
Author-Name: Ronald Ronald
Author-X-Name-First: Ronald
Author-X-Name-Last: Ronald
Author-Name: Amelia Amelia
Author-X-Name-First: Amelia
Author-X-Name-Last: Amelia
Title: Revisit intention in Indonesian tourism industry: the role of religiosity and culture
Abstract:
World Travel and Tourism Council (WTTC) found that tourism industry accounts for 10.4% of the world's GPD in 2019, making it one of the largest economic sectors worldwide (https://www.tourism-review.com). As a source of employment in Indonesia, it is also affected Mount Kawi because of COVID-19 pandemic. AMOS 22.0 is used with population are people of Surabaya who have visited Mount Kawi. Snowball sampling technique is used with 120 respondents. The results show that from eight hypotheses researched two hypotheses are rejected such as religious atmosphere to perceived value of destination and perceived value of destination to revisit intention.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 227-236
Issue: 3/4
Volume: 20
Year: 2024
Keywords: monetary cost; natural environment; religious atmosphere; perceived value of destination; emotion of awe; revisit intention; Indonesia.
File-URL: http://www.inderscience.com/link.php?id=142473
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:227-236

Template-Type: ReDIF-Article 1.0
Author-Name: Adefemi A. Obalade
Author-X-Name-First: Adefemi A.
Author-X-Name-Last: Obalade
Author-Name: N. Dludla
Author-X-Name-First: N.
Author-X-Name-Last: Dludla
Author-Name: R. Nhlapho
Author-X-Name-First: R.
Author-X-Name-Last: Nhlapho
Title: Regime changes in housing prices' reaction to macroeconomic variables in emerging African market
Abstract:
Understanding the functioning of the housing market in relation to the economy remains an important task. This study employs a Markov switching model to investigate the effect of selected macroeconomic variables on the housing prices in South Africa for the 1999-2020 period. The results indicate that the bear regime is more persistent than the bull regime in the housing market. The effects of interest rates, unemployment, and inflation are regime-dependent, while the effects of exchange rate, money supply, GDP and rent on housing prices are invariable. Housing prices are an increasing function of rent irrespective of the regime. Key macroeconomic variables such as the unemployment, GDP and interest rate were found to have a negative impact on housing prices. The findings of this study have implication for global housing markets as failure to consider the possibility of changing regime in the housing market was one of the reasons for the global financial crisis in 2007/2008.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 278-286
Issue: 3/4
Volume: 20
Year: 2024
Keywords: inflation; interest rates; gross domestic product; GDP; exchange rate; money supply; rent; unemployment.
File-URL: http://www.inderscience.com/link.php?id=142474
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:278-286

Template-Type: ReDIF-Article 1.0
Author-Name: Paul-Francois Muzindutsi
Author-X-Name-First: Paul-Francois
Author-X-Name-Last: Muzindutsi
Author-Name: Ntuthuko Mbhele
Author-X-Name-First: Ntuthuko
Author-X-Name-Last: Mbhele
Author-Name: Trayum Gopal
Author-X-Name-First: Trayum
Author-X-Name-Last: Gopal
Author-Name: Namishka Rambaran
Author-X-Name-First: Namishka
Author-X-Name-Last: Rambaran
Author-Name: Thulisile Mthembu
Author-X-Name-First: Thulisile
Author-X-Name-Last: Mthembu
Author-Name: Purusha J. Ramjiyavan
Author-X-Name-First: Purusha J.
Author-X-Name-Last: Ramjiyavan
Author-Name: Fikile Dube
Author-X-Name-First: Fikile
Author-X-Name-Last: Dube
Title: A comparative analysis of housing price bubbles in the South African major cities
Abstract:
This study examined and compared the level of price bubbles across housing markets in six major South African cities. The generalised supremum augmented Dickey-Fuller (GSADF) was used to test for the existence of housing price bubbles in Johannesburg, Tshwane, Durban, Cape Town, Ekurhuleni, and Nelson Mandela Bay cities from 2001 to 2018. The results show that housing price bubbles in the South African cities correspond with the expansion of the credit market and the subsequent increase in the demand for housing preceding the global financial crisis of 2007-2008. We found that Cape Town had the most volatile housing prices, while Nelson Mandela Bay had the lowest volatility. Our findings show that the housing prices tend follow a similar pattern and the bubbles seem to spread across the sampled cities.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 265-277
Issue: 3/4
Volume: 20
Year: 2024
Keywords: South Africa; housing market; price bubbles; GSADF.
File-URL: http://www.inderscience.com/link.php?id=142492
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:265-277

Template-Type: ReDIF-Article 1.0
Author-Name: Surachai Chancharat
Author-X-Name-First: Surachai
Author-X-Name-Last: Chancharat
Author-Name: Sutida Tukaew
Author-X-Name-First: Sutida
Author-X-Name-Last: Tukaew
Title: Predicting next trading day closing price of ASEAN+6 stock indices using artificial neural networks: evidence from Lunar New Year effect
Abstract:
Many stakeholders place a premium on accurate stock market price forecasting. Artificial neural networks (ANNs) have demonstrated high accuracy in predicting stock price returns, future stock prices, and stock market direction. The main objective of this study is to predict the effect of the Lunar New Year on ASEAN+6 stock markets using historical data from September 8, 1999, to December 31, 2021. The experimental results show that ANNs are an effective modelling tool for accurately predicting the ASEAN+6 stock prices. This is the first attempt, to our knowledge, to utilise ANNs to predict the ASEAN+6 stock markets, and the results are comparable to, if not better than, many stock market predictions recorded in the literature. The ANN model also demonstrated the most important technical indicators in predicting the ASEAN+6 stock markets. The investigation results also showed that ANNs are resistant to stock market volatility.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 237-245
Issue: 3/4
Volume: 20
Year: 2024
Keywords: efficient market hypothesis; EMH; holiday effect; stock price prediction; variance-ratio test.
File-URL: http://www.inderscience.com/link.php?id=142493
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:3/4:p:237-245

Template-Type: ReDIF-Article 1.0
Author-Name: M.E. Perseveranda
Author-X-Name-First: M.E.
Author-X-Name-Last: Perseveranda
Author-Name: M. Pudjihardjo
Author-X-Name-First: M.
Author-X-Name-Last: Pudjihardjo
Author-Name: Iswan Noor
Author-X-Name-First: Iswan
Author-X-Name-Last: Noor
Author-Name: Wildan Syafitri
Author-X-Name-First: Wildan
Author-X-Name-Last: Syafitri
Title: The employment dimensions as the spatial determinants of poverty in less developed areas in East Nusa Tenggara, Indonesia
Abstract:
This study seeks to investigate the impacts of employment issues on poverty from the spatial dimension. This study uses data from the Integrated Data on the Poverty Reduction Program (<i>Data Terpadu Program Penanganan Fakir Miskin</i>) that covers 306 sub-districts (<i>kecamatan</i>) in East Nusa Tenggara Province. This study demonstrates that female head of household, dependency ratio, unemployment, child labour, elderly workers, agricultural workers, non-agricultural workers, and scavenging sector workers have different impacts on sub-district-specific poverty. The results inform policymakers to emphasise the spatial heterogeneity aspect in reducing the poverty rate in less developed areas from the labour perspective.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 38-56
Issue: 1
Volume: 20
Year: 2024
Keywords: child labour; East Nusa Tenggara; poverty; spatial heterogeneity; workers.
File-URL: http://www.inderscience.com/link.php?id=140190
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Template-Type: ReDIF-Article 1.0
Author-Name: K. Dinesh Udana Devindra Fernando
Author-X-Name-First: K. Dinesh Udana Devindra
Author-X-Name-Last: Fernando
Title: Institutional spillover on financial development and economic growth: threshold and mediator impact analysis on global evidence
Abstract:
The interaction of sound institutions in the financial sector to stimulate economic growth has received more attention in recent decades. Most of the findings of early studies are inconclusive and inconsistent. This study aims to explore the spillover effect of institutions (INS) on financial development (FD) and economic growth (EG), employing global panel data from 181 countries for the years 2002-2018. The two-step system generalised method of moment (GMM) and the three-stage least square (3SLS) techniques are used in this study. The results found an inverted U-shaped relationship with the financial market (FM) and its moderation towards EG. A nonlinear U-shaped and inverted U-shaped relationship appeared when INS mediated EG via FD. The unusual and complex institutions' relationships with the finance-growth nexus create the gap between standard economic models and reality. The in-depth study of the nonlinearity of the institutions has improved the literature on the institutional finance-growth nexus. Suitable institutions need to be identified and applied for the FM over the financial institutions (FI) to have an appropriate economic outcome.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 1-37
Issue: 1
Volume: 20
Year: 2024
Keywords: economic growth; financial development; generalised method of moment; GMM; institutions; spillover effect; three-stage least square; 3SLS.
File-URL: http://www.inderscience.com/link.php?id=140191
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Template-Type: ReDIF-Article 1.0
Author-Name: Nosakhare Liberty Arodoye
Author-X-Name-First: Nosakhare Liberty
Author-X-Name-Last: Arodoye
Title: External debt burden and economic growth in Sub-Saharan Africa countries: are there evidence for nonlinearity and sustainability?
Abstract:
This study investigated the dynamic impacts as well as the threshold effects of external debt burden measures on economic growth of 25 SSA countries employing the panel auto regressive, panel fully modified ordinary least squares and other panel estimation techniques for the period that ranges from 2000 to 2018. The results from the estimations revealed significant short-run and long-run impacts of external debt on economic growth. There is a negative and significant relationship between external debt burden indicators and economic growth. The study shows that the turning points for external debt to income ratios ranges between 50%-90% while that of external debt to export ratio ranges between 180%-240%. The study recommended that SSA countries experiencing excessively high external debt stocks need to adopt reliable and dependable strategies to bringing about reduction in the rising external debt stock and debt service payments so that the crushing external indebtedness indicators would no longer have a deleterious effect on economic growth.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 57-76
Issue: 1
Volume: 20
Year: 2024
Keywords: autoregressive distributed lags; ARDL; fully modified ordinary least squares; FMOLS; debt; economic growth; Africa.
File-URL: http://www.inderscience.com/link.php?id=140192
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Template-Type: ReDIF-Article 1.0
Author-Name: Kalpana Tokas
Author-X-Name-First: Kalpana
Author-X-Name-Last: Tokas
Author-Name: Kartik Yadav
Author-X-Name-First: Kartik
Author-X-Name-Last: Yadav
Title: Walking a tightrope: understanding COVID-19 vaccine allocation in India
Abstract:
India's National COVID-19 Vaccination Program commenced in early 2021, but was subjected to multiple policy changes and allegations such as inequitable allocation of vaccines to states and political favouritism. Government of India (GOI) highlighted certain factors that had guided the initial allocation of vaccines to states and union territories. This paper uses the limited data available in public domain for the initial allocation period of April and May 2021 to empirically examine these claims using a panel data random effects model. Our results suggest that GOI broadly followed the globally prescribed principles for vaccine allocation. However, we find that the allocation failed to cater to the most vulnerable age groups of the population, though we do not find any evidence of political favouritism. We conclude the study with certain policy suggestions.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 77-91
Issue: 1
Volume: 20
Year: 2024
Keywords: COVID-19; vaccination; policy; politics; India.
File-URL: http://www.inderscience.com/link.php?id=140194
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:1:p:77-91

Template-Type: ReDIF-Article 1.0
Author-Name: K.G. Suresh
Author-X-Name-First: K.G.
Author-X-Name-Last: Suresh
Author-Name: Lagesh Meethale Aravalath
Author-X-Name-First: Lagesh Meethale
Author-X-Name-Last: Aravalath
Title: Determinants of the travel spending behaviour: micro-econometric evidence from India
Abstract:
The objective of this paper is to analyse the impact of the socio-economic characteristics of the family heads and their mates on the total travel expenditure and its components. This study applies multiple regression and quantile regression methods to identify the key determinants of household travel expenditure in India. Our results show that the socio-economic characteristics of the household head, such as age, education, employment, religion and caste, and income, are important determinants in deciding the travel expenditure of the household. Further, the influence of these factors is found relevant for and stronger in the higher quantiles of the travel expenditure. Moreover, select characteristics of the spouse of the household head are also found to significantly contribute to the household's travel spending.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 92-109
Issue: 1
Volume: 20
Year: 2024
Keywords: travel spending; household head; socio-economic characteristics; quantile regression; India.
File-URL: http://www.inderscience.com/link.php?id=140197
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:1:p:92-109

Template-Type: ReDIF-Article 1.0
Author-Name: Nisha Prakash
Author-X-Name-First: Nisha
Author-X-Name-Last: Prakash
Author-Name: Swarupa Ranjan Panigrahi
Author-X-Name-First: Swarupa Ranjan
Author-X-Name-Last: Panigrahi
Title: The impact of external debt on economic growth in emerging economies: investigating the role of capital formation
Abstract:
The emerging economies rely on external debt for their economic development (Hawkins and Turner, 2000). We investigate capital formation as one of the channels through which external debt impacts the economic growth of emerging economies. The study utilises unbalanced panel data estimation models on economic data of 24 emerging economies<SUP align="right"><SMALL>1</SMALL></SUP> for the period 1990 to 2019. Unbalanced panel data regression models are developed to identify the impact of: 1) growth of external debt stock (EDS) on GDP growth; 2) capital formation growth on GDP growth; 3) growth of EDS on capital formation growth in these economies. The findings indicate that EDS growth in the emerging economies had a negative impact on GDP growth, while capital formation growth had a significant positive impact on GDP growth. Further, the EDS growth had a significant negative impact on capital formation. Findings indicate that the debt raised has hindered capital formation in emerging economies.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 1-14
Issue: 1
Volume: 19
Year: 2024
Keywords: external debt; emerging economies; capital formation; crowding out; debt overhang; GDP per capita.
File-URL: http://www.inderscience.com/link.php?id=137944
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Template-Type: ReDIF-Article 1.0
Author-Name: Nivedita Sinha
Author-X-Name-First: Nivedita
Author-X-Name-Last: Sinha
Author-Name: Saandra Nandakumar
Author-X-Name-First: Saandra
Author-X-Name-Last: Nandakumar
Title: Impact of central bank's COVID-19 policy measures on banks: evidence from India
Abstract:
India's central bank has responded decisively with a slew of development and regulatory policies to tackle the economic challenges posed by the pandemic crisis. This study aims to find the bank's response to the COVID-19 monetary policy announcements in India using an event study methodology. We compare the bank's response to policy measures during the pandemic crisis to the response during the 2008-2009 financial crisis and with crisis events during different monetary policy regimes. Furthermore, this paper examines if the heterogeneity in response depends on the bank's characteristics. The results suggest, on average, banks respond negatively to COVID-19 monetary policy interventions, with the sensitivity of bank's response to the policy announcements reducing with size and capitalisation of banks and increasing with profitability and poor financial health of banks.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 15-38
Issue: 1
Volume: 19
Year: 2024
Keywords: financial economics; crisis events; financial intermediation; financial market; event study; central bank policy; India.
File-URL: http://www.inderscience.com/link.php?id=137945
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Template-Type: ReDIF-Article 1.0
Author-Name: Deepak Pandey
Author-X-Name-First: Deepak
Author-X-Name-Last: Pandey
Author-Name: Amit Kakkar
Author-X-Name-First: Amit
Author-X-Name-Last: Kakkar
Author-Name: Mithilesh Pandey
Author-X-Name-First: Mithilesh
Author-X-Name-Last: Pandey
Author-Name: Mohd. Farhan
Author-X-Name-First: Mohd.
Author-X-Name-Last: Farhan
Title: Understanding the actual buying behaviour of organic food users in India: a PLS-SEM approach
Abstract:
Indian consumers have become more conscious these days for their consumption patterns, as they are becoming more informed with times. Economies have become more connected in today's era of information. Consumerism is found replicated from the developed to the emerging economies. Organisations are forced to move towards sustainable development as pressure from consumers is growing day by day. Consumers are looking for products that take care of human health without negatively impacting the environment. As a result, health conscious consumers have started showing their keen interest in organic food. This study has explored the important antecedents of actual buying behaviour towards organic food. The study has proposed a conceptual model which is checked empirically and established in the results. Researchers have used the survey method to collect data from 295 respondents. Only organic food users are approached as respondents for data collection. The data is then analysed using Smart PLS 2.0. The findings of this paper have established the relationship among the antecedents with the actual buying behaviour of organic food users.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 39-55
Issue: 1
Volume: 19
Year: 2024
Keywords: sustainability; organic food; perceived behavioural control; actual buying behaviour; subjective norms; PLS-SEM; India.
File-URL: http://www.inderscience.com/link.php?id=137950
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Template-Type: ReDIF-Article 1.0
Author-Name: Jala Youssef
Author-X-Name-First: Jala
Author-X-Name-Last: Youssef
Author-Name: Chahir Zaki
Author-X-Name-First: Chahir
Author-X-Name-Last: Zaki
Title: A decade of competition laws in Arab economies: a de jure and de facto assessment
Abstract:
The main objective of this paper is to provide an assessment of competition policy in a group of Arab countries. First, we construct indices for both competition policy rules and implementation assessing three categories: enforcement, advocacy, and institutional effectiveness. Second, it assesses the impact of competition policy rules (<i>de jure</i>) and implementation (<i>de facto</i>) on competition outcomes (fact-based and perception-based) using our constructed indices and the World Bank Enterprise Surveys. Findings show that our group of Arab countries has an average score related to the overall assessment of their competition legislations. Moreover, the <i>de facto</i> advocacy and the de jure institutional effectiveness have a significant effect on both fact-based and perception-based outcomes. Finally, the overall <i>de jure</i> competition index negatively affects market power, pointing out the importance of the deterrence effect that competition legislations can play.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 56-85
Issue: 1
Volume: 19
Year: 2024
Keywords: competition policy; Arab countries; <i>de jure</i> vs. <i>de facto</i>.
File-URL: http://www.inderscience.com/link.php?id=137954
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:1:p:56-85

Template-Type: ReDIF-Article 1.0
Author-Name: František Táborský
Author-X-Name-First: František
Author-X-Name-Last: Táborský
Title: Consumer price index, real estate price weight and monetary policy in the Czech Republic
Abstract:
This paper discusses the current CPI methodology and its approach to real estate prices in the Czech Republic. The author presents an alternative calculation with a higher weight of real estate prices, which significantly changes the course of inflation in the period from 2010 to 2019. However, setting a new weight has a number of problems and no clear solution. Different calculation of inflation would also have a significant impact on the monetary policy stance and the level of the key interest rate. The beginning of the period under review indicates a lower level of interest rates and the introduction of negative rates or another form of monetary conditions easing. On the other hand, the subsequent rise in real estate prices would also lead to higher interest rates, which in the extreme scenario would be up to 75 bps higher in 2017 compared to the baseline scenario.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 123-140
Issue: 2
Volume: 19
Year: 2024
Keywords: real estate prices; inflation targeting; monetary policy; Czech Republic.
File-URL: http://www.inderscience.com/link.php?id=138468
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:2:p:123-140

Template-Type: ReDIF-Article 1.0
Author-Name: Ewelina Kuberska
Author-X-Name-First: Ewelina
Author-X-Name-Last: Kuberska
Author-Name: Marek Kawacki
Author-X-Name-First: Marek
Author-X-Name-Last: Kawacki
Title: Environment information comparability: a case of the selected, listed Polish companies
Abstract:
The purpose of this study is to measure the current and potential comparability of the environmental information disclosed in the reports of the Polish, industrial companies indexed on the Warsaw Stock Exchange. The research methods used are: descriptive analysis, text analysis and statistical methods (Mann-Whitney U test). The result of the study shows that comparability of the environmental information between companies is severely limited due to different types and forms of information, or even lacks of certain disclosures, even among the companies from the same industry and that use the same non-financial information standards. Comparability of environmental information may potentially be improved in the future based on the increased use of numerical data (instead of narrative information) and standardised indicators (like GRI 302-1, 303-1 and 306-2), which are commonly disclosed in the companies that were a part of this study.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 190-206
Issue: 2
Volume: 19
Year: 2024
Keywords: non-financial information reporting; comparability of information; global reporting initiative; GRI.
File-URL: http://www.inderscience.com/link.php?id=138469
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:2:p:190-206

Template-Type: ReDIF-Article 1.0
Author-Name: Ruchita Verma
Author-X-Name-First: Ruchita
Author-X-Name-Last: Verma
Author-Name: Dhanraj Sharma
Author-X-Name-First: Dhanraj
Author-X-Name-Last: Sharma
Author-Name: Priyanka Chugh
Author-X-Name-First: Priyanka
Author-X-Name-Last: Chugh
Title: Does corporate governance influence intellectual capital? An evaluation of Indian and Chinese banking sector
Abstract:
The study aims to evaluate the impact of corporate governance on the intellectual capital performance of the Indian and Chinese banking sectors. The study considers board characteristics and audit committee characteristics as a proxy of corporate governance (independent variable) and firm size and returns on equity (ROE) as control variables. The value-added intellectual capital (VAIC) coefficient is employed to measure the intellectual capital, which comprises human capital efficiency (HCE), structural capital efficiency (SCE) and communicative capital efficiency (CCE). The data are collected from 31 Indian and 12 Chinese banks for the study period of 11 years and analysed using cross-sectional time-series feasible generalised least square (FGLS) regression. The study's findings indicate that board size, gender diversity and ROE has a significant positive relationship with VAIC in Indian banks, while audit size and ROE were found to be positively influential in the case of Chinese banks.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 207-225
Issue: 2
Volume: 19
Year: 2024
Keywords: corporate governance; intellectual capital; Indian banks; Chinese banks; generalised least square; GLS.
File-URL: http://www.inderscience.com/link.php?id=138470
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:2:p:207-225

Template-Type: ReDIF-Article 1.0
Author-Name: Fatih Ayhan
Author-X-Name-First: Fatih
Author-X-Name-Last: Ayhan
Author-Name: Feyza Arica
Author-X-Name-First: Feyza
Author-X-Name-Last: Arica
Title: The relationship between financial risk, financial openness, trade openness, and financial development in Southern Mediterranean countries
Abstract:
This study mainly aims to find the effects of financial openness, trade openness, and financial risk on financial development for nine Southern Mediterranean countries over the period 1984-2014 with panel analysis. Westerlund's (2007) panel cointegration and error correction test is applied. The findings of common correlated effects (CCE) estimation show that financial openness positively affects financial development in Egypt, Tunisia, and Turkey, while it negatively affects financial development in Algeria and Lebanon. Additionally, according to the estimation results, a lower financial risk causes higher financial development in Algeria and Turkey. When the relationship between financial development and trade openness is investigated, while trade openness affects financial development negatively in Libya, it has a positive effect in Jordan, Tunisia, and Turkey. We conclude that financial openness and trade openness is beneficial to financial development for developing economies, while financial risk harms the financial development of economies. To overcome the economic bottlenecks in developing countries, policymakers should take action to reduce the financial risk levels of the economies and remove financial and trade barriers so as to increase financial development.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 107-122
Issue: 2
Volume: 19
Year: 2024
Keywords: financial risk; financial openness; financial development; panel analysis; trade openness.
File-URL: http://www.inderscience.com/link.php?id=138471
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:2:p:107-122

Template-Type: ReDIF-Article 1.0
Author-Name: Naseem Ahamed
Author-X-Name-First: Naseem
Author-X-Name-Last: Ahamed
Title: Working capital as a determinant of firm performance
Abstract:
The objective of this study is to examine the relationship between firm's working capital and financial performance across three distinct sectors namely services sector, food and agro sector, and real estate sector. Using three different datasets for the three sectors spanning a period of ten years from 2011 to 2020, we found a positive and statistically significant relationship between working capital and financial performance across all sectors. The magnitude of the relationship is strongest in the food and agro sector, followed by the services sector and the real estate sector. The net working capital is the highest in the real estate sector, which is unsurprising given its capital intensive nature. Surprisingly, the proportion of debt to total assets is the highest in the services sector. The constituent components of net operating cycle are statistically significant for all the sectors but with varying degree. Promoter's holding is more than 50% across all sectors and the promoters' composition (predominance of Indian versus foreign promoter) is largely statistically insignificant in determining the return on assets (ROA) for the services and real estate sector.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 86-102
Issue: 1
Volume: 19
Year: 2024
Keywords: working capital; net operating cycle; firm performance; multisectoral study.
File-URL: http://www.inderscience.com/link.php?id=137960
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:1:p:86-102

Template-Type: ReDIF-Article 1.0
Author-Name: Michal Vyskočil
Author-X-Name-First: Michal
Author-X-Name-Last: Vyskočil
Author-Name: Jiří Koudelka
Author-X-Name-First: Jiří
Author-X-Name-Last: Koudelka
Author-Name: Jaroslav Dufek
Author-X-Name-First: Jaroslav
Author-X-Name-Last: Dufek
Title: Impact of sector levy on non-life insurance in Slovakia
Abstract:
The paper deals with a sector levy imposed on non-life insurance in Slovakia, analysing its impact on the gross written premium, commission and claims ratio, and comparing life and non-life insurance after the introduction of the levy. A time-delayed linear regression AR model with point and interval estimates was developed to examine the above phenomena. The goal of the study was to determine whether the predicted values lie inside or outside the interval estimates. Having come into force, the sector levy only affected newly concluded insurance policies, GWP did not decrease, almost half of the 8% levy was absorbed by the commission, and the claims ratio remained intact. The outflow of written premiums from life to non-life insurance was partially proven.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 159-189
Issue: 2
Volume: 19
Year: 2024
Keywords: sector levy; insurance; gross written premium; GWP; linear regression; Slovakia.
File-URL: http://www.inderscience.com/link.php?id=138472
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:2:p:159-189

Template-Type: ReDIF-Article 1.0
Author-Name: Lê Văn
Author-X-Name-First: Lê
Author-X-Name-Last: Văn
Title: Is Bitcoin a risky investment compared to the stock market of Vietnam?
Abstract:
In this study, we investigate the relationship between VN Index and Bitcoin based on the multivariate GARCH framework with the dataset of return series from 13 October 2013 to 29 April 2021. We find that the interactions are best explained under the VARMA mechanism, which constantly reveals the return and volatility spillovers effect between the two financial assets. Our estimations reveal a significantly positive correlation between VN Index and Bitcoin returns, which imply the diversifier role of the cryptocurrency. We assess the stock-coin portfolio under COVID-19 impacts and clarify that Bitcoin is consistently a risky investment compared the stock market of Vietnam. Indeed, the optimal holding weight of Bitcoin is approximately 5%. This finding reflects two socio-economic trends of Vietnam, those are, post-COVID policies and the digital transformation era. The findings imply recommendations on the enhancement of digital financial markets in pursuit of sustainable development goals.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 141-158
Issue: 2
Volume: 19
Year: 2024
Keywords: Bitcoin; Vietnam stock market; COVID-19.
File-URL: http://www.inderscience.com/link.php?id=138489
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Handle: RePEc:ids:ijepee:v:19:y:2024:i:2:p:141-158

Template-Type: ReDIF-Article 1.0
Author-Name: T.G. Saji
Author-X-Name-First: T.G.
Author-X-Name-Last: Saji
Title: Oil price shocks, inflation and policy response: the emerging market experience
Abstract:
This research empirically examines the monetary policy responses towards the oil price pass-through to inflation dynamics in an emerging market like India during the period 2006-2017. Our results, based on vector auto-regressive (VAR) estimation, find low and insignificant crude price transmission to domestic fuel prices due to weighted tax content in the retail prices. The propagation effect of the fuel price hike to headline inflation is dismal or at minimum. The study observes weak causality from monitory policy to headline inflation, while the reverse relationship is found substantial and significant. The findings ultimately suggest the continued adherence to the present rule-based monetary policy framework of pegging policy rates to inflationary expectations in India enables the Monetary Policy Committee (MPC) to recognise the short-term trade-off between inflation and growth, while allows it to stabilise prices in the long-run and across different economic cycles.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 161-177
Issue: 2
Volume: 20
Year: 2024
Keywords: oil price shocks; headline inflation; monetary policy; inflation targeting.
File-URL: http://www.inderscience.com/link.php?id=141564
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:2:p:161-177

Template-Type: ReDIF-Article 1.0
Author-Name: Miroslav Vaškovič
Author-X-Name-First: Miroslav
Author-X-Name-Last: Vaškovič
Author-Name: Hana Zídková
Author-X-Name-First: Hana
Author-X-Name-Last: Zídková
Author-Name: Markéta Arltová
Author-X-Name-First: Markéta
Author-X-Name-Last: Arltová
Title: The volume of MTIC fraud between Poland and Czechia in electronic devices trade: general method of carousel fraud estimation
Abstract:
EU member states are discussing the phenomenon of carousel (MTIC) fraud. Existing estimates of this type of VAT evasion are sparse and the methodology behind them is unclear. This paper describes a method of how to estimate (ex-post) the MTIC fraud realised within a trade on selected goods. The analysis is based on trade balances in the selected category of goods between two member states. The main assumption is that after the implementation of the specific reverse charge mechanism the MTIC frauds on the respective goods are eliminated. The fictitious (fraudulent) supplies of goods between the member states cease to exist and the trade balance changes accordingly. The results show that the MTIC realised EUR 44-51 million profit on the MTIC fraud in international trade between Poland and Czechia with selected electronic devices in 2014 and 1st quarter 2015 (fraud measured in Czechia).
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 126-145
Issue: 2
Volume: 20
Year: 2024
Keywords: VAT evasion; missing trader intracommunity; MTIC; MTIC fraud; estimation method; Poland; Czechia; trade balance analysis; carousel fraud; specific reverse charge; international trade.
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:2:p:126-145

Template-Type: ReDIF-Article 1.0
Author-Name: Mounir El-Karimi
Author-X-Name-First: Mounir
Author-X-Name-Last: El-Karimi
Title: Pass-through effects of global oil and food price shocks on Morocco's inflation: frequency causality analysis in VAR model
Abstract:
Morocco's central bank aims to move towards targeting inflation rate rather than exchange rate. Since the country is substantially dependent on commodity imports, the imported inflation constitutes a crucial concern of policymakers. This paper examines the impacts of world oil and food price shocks on Morocco's consumer prices during 1999-2019. To this end, the Breitung and Candelon (2006) frequency causality test combined with Toda and Yamamoto (1995) procedure is applied on quarterly data in VAR model. The findings reveal that oil and food price changes significantly affect domestic consumer prices. On one hand, the inflationary effects of food price shocks are found to be significant in the short and long-run, while oil price inflationary effect is more important in the long-run. On the other hand, consumer prices show asymmetric responses to commodity price changes, as positive shocks in food price have more inflationary effects than negative shocks, while the inverse pattern is shown for oil price shocks. Our findings may give useful information to policymakers and researchers in conducting monetary policy with inflation targets.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 198-214
Issue: 2
Volume: 20
Year: 2024
Keywords: oil price; food commodity price; consumer prices; inflation; Morocco; causality; frequency analysis; asymmetry.
File-URL: http://www.inderscience.com/link.php?id=141566
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:2:p:198-214

Template-Type: ReDIF-Article 1.0
Author-Name: Thais Alves &#100;a Silva
Author-X-Name-First: Thais Alves &#100;a
Author-X-Name-Last: Silva
Author-Name: Sandro Eduardo Monsueto
Author-X-Name-First: Sandro Eduardo
Author-X-Name-Last: Monsueto
Author-Name: Marizélia Ribeiro &#100;e Souza
Author-X-Name-First: Marizélia Ribeiro &#100;e
Author-X-Name-Last: Souza
Author-Name: Jaqueline Moraes
Author-X-Name-First: Jaqueline
Author-X-Name-Last: Moraes
Title: The superstar effect on colour discrimination in the Brazilian cultural labour market
Abstract:
This article aims to analyse the role that individuals known as superstars have on colour discrimination in the Brazilian cultural labour market. We used data from the Continuous National Household Sample Survey between 2012 and 2018 to test the assumption that the superstars can use their extraordinary talent and popularity to reduce the colour discrimination associated with pay. We divided the cultural labour market into two groups, one with common occupations and the other with occupations with greater potential to be held by superstars, who have more media exposure, who are more popular, and for whom there is a higher concentration of income. We used quantile regressions to capture the impact of variables at various points along the income distribution, and a differential decomposition to confirm the hypothesis that colour discrimination decreases when the worker reaches superstar status. We obtained different results for gender and age, which revealed the presence of a superstar effect among younger women.
Journal: Int. J. of Economic Policy in Emerging Economies
Pages: 178-197
Issue: 2
Volume: 20
Year: 2024
Keywords: culture; colour discrimination; superstar; Brazil.
File-URL: http://www.inderscience.com/link.php?id=141567
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Handle: RePEc:ids:ijepee:v:20:y:2024:i:2:p:178-197