Modelling the economic role of hydropower: Evidence from bootstrap autoregressive distributed lag approach

2021 ◽  
Vol 168 ◽  
pp. 76-84
Author(s):  
Mufutau Opeyemi Bello ◽  
Sakiru Adebola Solarin ◽  
Yuen Yee Yen
Keyword(s):  
Economic Role ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag

scholarly journals Investment Portfolio, Democratic Accountability, Poverty and Income Inequality Nexus in Pakistan: A Way to Social Sustainability

2021 ◽  
Vol 13 (11) ◽  
pp. 6411
Author(s):  
Muhammad Shahid Hassan ◽  
Haider Mahmood ◽  
Muhammad Ibrahim Saeed ◽  
Tarek Tawfik Yousef Alkhateeb ◽  
Noman Arshed ◽  
...  
Keyword(s):  
Income Inequality ◽  
Social Sustainability ◽  
Data Availability ◽  
Democratic Accountability ◽  
Investment Portfolio ◽  
Economic Activities ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Short Run

Institutions help to streamline the economic activity-related procedures, where government intervention might be involved. Institutions also play a significant role in social sustainability. The findings using the Autoregressive Distributed Lag approach to cointegration for the period from 1984–2019 reveal that investment portfolio and democratic accountability reduce poverty in Pakistan both in the long and short run. Moreover, democratic accountability helps to reduce income inequality, but the investment portfolio’s role is not significant. The literacy rate helps to reduce income inequality, and inflation increases poverty and income inequality. The remittances increase income inequality, and urbanization increases poverty. To eradicate poverty and income inequality, the governments should be accountable for their actions to the general public while they remain in power. If they do not deliver as per their manifestoes, they will not be reelected in the next election. Moreover, there is a dire need to redefine the role of an investment portfolio to reduce the risk of investment. So, investments would increase economic activities and could reduce poverty and income inequality. This study contributes to the literature by inquiring about the role of the investment portfolio and democratic accountability in social sustainability by reducing poverty and income inequality. This study only considers Pakistan’s economy due to limitations of poverty data availability in other countries. The scope could further be broadened by accessing data for a wider Asia region to test the role of the investment portfolio and democratic accountability to reduce poverty and income inequality.

scholarly journals The mediating role of institutions in the remittance-growth relationship: Evidence from Nigeria

2020 ◽  
Vol 65 (227) ◽  
pp. 7-30
Author(s):  
Ibrahim Adekunle ◽  
Tolulope Williams ◽  
Olatunde Omokanmi ◽  
Serifat Onayemi
Keyword(s):  
Institutional Environment ◽  
External Financing ◽  
Mediating Role ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Regulatory Quality ◽  
Long Run ◽  
Short Run ◽  
And Control

This study examines the mediating role of institutions in the remittance- growth relationship in Nigeria. We use autoregressive distributed lag (ARDL) estimation to establish the interaction of the variables of interest. The short-run results reveal that remittance inflows positively influence growth, probably due to the immediate injection of financial resources that an increase in remittances brings about. This effect is reinforced by improvements in regulatory quality. In contrast the long-run results reveal that, over time, remittance inflows are negatively related to growth probably due to adverse macroeconomic consequences, to a decrease in work incentives, and a decline in the motivation for technological innovation. However, the adoption of improved institutional environment is found to offset the negative long-run effect of remittances on growth, at least to some extent. Therefore, remittance receiving countries should improve the design and enforcement of laws, regulatory quality, and control over corruption, so that they can make best use of remittance inflows and other sources of external financing needed to augment domestic productivity and growth.

scholarly journals Role of Advertising Expenditure as an Influential Non-traditional Regressor in Russia’s Money Demand Specification

2019 ◽  
Vol 10 (6) ◽  
pp. 232
Author(s):  
Lee-Chea Hiew ◽  
Chin-Hong Puah ◽  
Mohammand Affendy Arip ◽  
Mei-Teing Chong
Keyword(s):  
Money Demand ◽  
Consumer Behaviour ◽  
Demand Function ◽  
Supply And Demand ◽  
Search Costs ◽  
Demand For Money ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag

The term advertising refers to the strategy that affects consumer behaviour and induces higher household final consumption expenditure (HFCE), which is associated with incredibly demanding for money upon transaction usages and a reduction in search costs. The model of money demand that is stable, reliable and well defined is crucial for central banks in formulating their monetary policy to minimise the gap between the supply and demand of money. Hence, this paper examines the influence of expenditure in advertising (ADEX) towards the level of demand for money among the households in Russia. An approach known as Autoregressive distributed lag (ARDL) is opted to model the money demand function (MDF) of Russia and nine years of quarterly data from 2008 to 2016 have been used in the estimation. Empirical findings reveal that ADEX not only positively influences the Russian’s money demand in long term, its MDF also becomes more superior when the ADEX has been added. As such, this study suggests that ADEX can be taken into account as a non-traditional explanatory variable in the formulation of a stable and well-specified MDF for the case in Russia.

scholarly journals Output Volatility and Government Size in Nigeria

2020 ◽  
Vol 20 (1) ◽  
pp. 286-301
Author(s):  
Philip I. Nwosa ◽  
Chris Ehinomen ◽  
Ephraim Ugwu
Keyword(s):  
Fiscal Policy ◽  
Government Size ◽  
Output Volatility ◽  
Large Share ◽  
Role Of Government ◽  
Automatic Stabilization ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
The Relationship

AbstractResearch background: Output volatility has potentially adverse consequences on the economy and the stabilizing role of fiscal policy is linked to the share of government size in an economy. Hence, given the relative large share of government in developing countries, government size is expected to play an important role in stabilizing output volatility.Purpose: This study examines the relationship between output volatility and government size in Nigeria. The study seeks to establish if government size mitigates output volatility in Nigeria.Research methodology: The study employs the Autoregressive Distributed Lag (ARDL) technique after conducting stationarity and co-integration tests.Results: The results of the ARDL estimate showed that government size lessens output volatility but the magnitude was insignificant. Further, the study found that volatility in aggregate government spending; international oil price and public debt were significant determinants of output volatility in Nigeria.Novelty: This showed that the automatic stabilization role of government size on output volatility could not be established. The automatic stabilization role of fiscal policy can be improved by increasing social security transfers (pension payment), payments of unemployment benefits and increasing civil servants minimum wage.

scholarly journals TOURISM DEMAND IN INDONESIA: IMPLICATIONS IN A POST-PANDEMIC PERIOD

2021 ◽  
Vol 37 (3) ◽  
pp. 951-958
Author(s):  
Miguel Angel ESQUIVIAS ◽  
◽  
Lilik SUGIHARTI ◽  
Hilda ROHMAWATI ◽  
Bekti SETYORANI ◽  
...  
Keyword(s):  
Relative Price ◽  
Tourism Demand ◽  
Luxury Good ◽  
Ardl Model ◽  
Relative Prices ◽  
Price Competitiveness ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Competitive Prices

This study uses an autoregressive distributed lag (ARDL) model to investigate the role of incomes, relative price competitiveness, and substitution prices in tourism demand from Indonesia’s six largest countries of origin from 2007Q1 to 2019Q4. Income level, competitive prices, and substitution prices significantly impact the demand for tourism in Indonesia. Malaysia, Singapore, Australia, Japan, and India are income elastic, signaling that tourism is a luxury good, but China (normal good). Malaysia and China are price elastic while Japan, India, Singapore, and Australia are less affected by changes in relative prices. Substitute prices may drive tourist to other destinations if the change in prices is large.

scholarly journals Stress tests in Hungarian banking after 2008

2021 ◽  
Vol 71 (3) ◽  
pp. 451-463
Author(s):  
Zoltán Pollák ◽  
Dávid Popper
Keyword(s):  
Capital Adequacy ◽  
Stress Tests ◽  
Macroeconomic Factors ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Autoregressive Distributed Lag ◽  
Default Rates ◽  
Lag Model ◽  
Credit Portfolio

Abstract The 2008 crisis highlighted the importance of using stress tests in banking practice. The role of these stress tests is to identify and precisely estimate the effect of possible future changes in market conditions on capital adequacy and profitability. This paper seeks to show a possible methodology to calculate the stressed point-in-time probability of default (PD) parameter. The presented approach contains a linear autoregressive distributed lag model to determine the connection between the logit of default rates and the relevant macroeconomic factors, and uses migration matrices to calculate PDs from the forecasted default rates. The authors illustrate the applications of this methodology using the Hungarian real credit portfolio data.

Modeling the impact of banking sector credit on growth performance: An empirical evidence of credit to household and enterprise in Pakistan

2019 ◽  
Vol 06 (02) ◽  
pp. 1950012
Author(s):  
Sadaf Majeed ◽  
Syed Faizan Iftikhar ◽  
Zeeshan Atiq
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Enterprise Credit ◽  
Private Credit ◽  
Household Credit ◽  
Sustainable Economic Growth ◽  
The Impact

This paper attempts to distinguish the role of banking sector credit to enterprise and household in economic growth of Pakistan for the period from 1982 to 2017. Using Autoregressive Distributed Lag (ARDL) bound technique to cointegration, our results confirm that enterprise credit has a positive and significant impact on the economic growth of Pakistan for the sample period. In contrast, the other component of private credit, i.e., household credit is not a positive driver of economic growth. CUSUM test finds that the parameters of the model with enterprise and household credit are stable. It is recommended therefore that the central bank should modify the credit policy for household sector and support enterprise credit in the context to achieve sustainable economic growth in Pakistan.

scholarly journals The role of the globalisation process on mitigation of carbon dioxide emissions of Latin American & Caribbean countries

2021 ◽  
Vol 16 (45) ◽  
Author(s):  
Matheus Koengkan ◽  
José Alberto Fuinhas
Keyword(s):  
Carbon Dioxide ◽  
Panel Data ◽  
Latin American ◽  
Environmental Degradation ◽  
Carbon Dioxide Emissions ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
The Impact

The impact of globalisation on carbon dioxide emissions was analysed in a panel data of thirteen LAC countries for the period from 1991 to 2012. A panel autoregressive distributed lag methodology was used to decompose the total effects of globalisation on carbon dioxide emissions both in short- and long-run components. There is evidence that globalisation contributes to reducing carbon dioxide emissions in the long-run. A possible explanation of this result is that the process of globalisation causes technological enhancement in LAC countries, which contributes to a decrease in environmental degradation. Globalisation has other implications, such as the transfer of responsibility from the state to the private sector, where this transfer corresponds to the shifting of regulatory attributes to independent governmental regulatory authorities, in other words, “regulation for competition”.

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