A Model of the Distribution of Branded Personal Products in Jamaica

1968 ◽  
Vol 5 (4) ◽  
pp. 362-368 ◽  
Author(s):  
John U. Farley ◽  
Harold J. Leavitt
Keyword(s):  
Decision Rules ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Policy Implications ◽  
Simultaneous Equation Estimation ◽  
Distribution Structure

A five equation model of the Jamaican distribution structure is fitted to data on four branded personal products. Decision rules appear oriented toward sales for retailers, wholesalers, importers, and manufacturers, and some policy implications for stimulating the structure are suggested. Problems associated with procedures for fitting sets of equations and examples of the effects of multi-collinearity on simultaneous equation estimation are discussed.

scholarly journals The impact of inflation targeting on macroeconomic indicators in Ukraine

2020 ◽  
Vol 15 (2) ◽  
pp. 94-104
Author(s):  
Mykhailo Kuzheliev ◽  
Dmytro Zherlitsyn ◽  
Ihor Rekunenko ◽  
Alina Nechyporenko ◽  
Guram Nemsadze
Keyword(s):  
Monetary Policy ◽  
Emerging Economies ◽  
Inflation Targeting ◽  
Consumer Price Index ◽  
Policy Instruments ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Policy Implications ◽  
Economic Indicators ◽  
The Impact

The correlation between macroeconomic dynamics and the inflation rate is the subject of many economic studies. The principles of monetary policy are developed in classical economics studies, which are based on the theories of Keynes, Phillips, Campbell, etc. However, classic approaches require practical validation, especially with regard to modern economic trends in times of crisis and emerging economies. Therefore, the purpose of the paper is to investigate and summarize the impact of inflation targeting and other key monetary policy instruments on fundamental economic indicators in Ukraine during periods of stability and crises. An empirical analysis is based on official statistics from Ukraine for 2011–2019. This study uses econometric methods (multivariate regression and simultaneous equation model), which are applied for the general and transmission impact of inflation on the estimation of economic growth. The results prove that inflation does not affect (less than 0.46 linear correlation) fundamental economic indicators during periods of real GDP growth and a quarterly CPI level of less than 2%. On the other hand, there are significant simultaneous regressions (more than 0.8 coefficients of determination) between unemployed, spending on real final consumption, hryvnia exchange rate and monetary policy instruments (discount rate, international reserves, amount of government bonds, M3 monetary aggregate) for periods when the quarterly CPI (consumer price index) is more than 2%. Therefore, the traditional monetary policy implications are discussed for emerging economies.

Remittances, Economic Growth and Poverty: A Case of African OIC Member Countries

2018 ◽  
Vol 57 (2) ◽  
pp. 121-143
Author(s):  
Nasim Shah Shirazi ◽  
Sajid Amin Javed ◽  
Dawood Ashraf
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Poverty Reduction ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Annual Data ◽  
Simultaneous Equation Model ◽  
African Countries ◽  
Alternative Source ◽  
The Impact

This paper investigates the impact of remittance inflows on economic growth and poverty reduction for seven African countries using annual data from 1992-2010. By using the depth of hunger as a proxy for poverty in a Simultaneous Equation Model (SEM), we find that remittances have statistically significant growth enhancing and poverty reducing impact. Drawing on our estimates, we conclude that financial development level significantly increases the remittances inflows and strengthens poverty alleviating impact of remittances. Results of our study further show a signficant interactive imapct of remittances and finacial develpment on economic growth, suggesting the substitutability between remittance inflows and financial development. We further find that 3 percentage point increase in credit provision to the private sector (financial development) can help eliminate the severe depth of hunger in the region. Remittances, serving an alternative source of private credit, can be effective in this regard. Keywords: Remittance Inflow, Poverty Alleviation, Financial Development, Simultaneous Equation Model

Determinants of Control System Design in Divisionalized Firms

2004 ◽  
Vol 79 (3) ◽  
pp. 545-570 ◽  
Author(s):  
Margaret A. Abernethy ◽  
Jan Bouwens ◽  
Laurence van Lent
Keyword(s):  
Control System ◽  
System Design ◽  
Performance Measures ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Control System Design ◽  
Information Asymmetries ◽  
Endogenous Variables ◽  
And Performance ◽  
Using Data

We investigate two determinants of two choices in the control system of divisionalized firms, namely decentralization and use of performance measures. The two determinants are those identified in the literature as important to control system design: (1) information asymmetries between corporate and divisional managers and (2) division interdependencies. We treat decentralization and performance measurement choices as endogenous variables and examine the interrelation among these choices using a simultaneous equation model. Using data from 78 divisions, our results indicate that decentralization is positively related to the level of information asymmetries and negatively to intrafirm interdependencies, while the use of performance measures is affected by the level of interdependencies among divisions within the firm, but not by information asymmetries. We find some evidence that decentralization choice and use of performance measures are complementary.

scholarly journals The Effects of Reverse Knowledge Spillover on China’s Sustainable Development: Sustainable Development Indicators Based on Institutional Quality

2021 ◽  
Vol 13 (4) ◽  
pp. 1628
Author(s):  
Xiaoxu Dong ◽  
Cheon Yu ◽  
Yun Seop Hwang
Keyword(s):  
Sustainable Development ◽  
Emerging Economies ◽  
Institutional Quality ◽  
Knowledge Spillover ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Environmental Aspects ◽  
Development Indicators ◽  
Developed Economies ◽  
The One

This study investigates how reverse knowledge spillover (RKS) generated through outward foreign direct investment (OFDI) promotes sustainable development in an investment home country. Economic, social, and environmental dimensions are the pillars of sustainable development and their indicators are developed upon the concept of institutional quality. To this end, we use a balanced panel of 30 Chinese Mainland provinces from 2003 to 2016 and employ a simultaneous equation model to analyze the data in order to observe the direct and indirect effects of OFDI-induced RKS on sustainable development. The current study adopts several indicators to capture the economic, social, and environmental aspects of sustainable development. Additionally, we classify RKS into two types, given the investment destinations in terms of developed economies and emerging economies. On the one hand, our findings confirm that OFDI-induced RKS from developed economies facilitates domestic innovation but negatively affects progress on social and environmental development. On the other hand, OFDI-induced RKS from emerging economies is not conducive to domestic innovation, but it directly fosters sustainable development.

scholarly journals Driving Mechanism of Farmers’ Utilization Behaviors of Straw Resources—An Empirical Study in Jilin Province, the Main Grain Producing Region in the Northeast Part of China

2021 ◽  
Vol 13 (5) ◽  
pp. 2506
Author(s):  
Hongpeng Guo ◽  
Shuang Xu ◽  
Xiaotong Wang ◽  
Wen Shu ◽  
Jia Chen ◽  
...  
Keyword(s):  
Structural Equation ◽  
Positive Impact ◽  
Agricultural Waste ◽  
Equation Model ◽  
Subjective Norms ◽  
Jilin Province ◽  
Policy Implications ◽  
Driving Mechanism ◽  
Perceived Behavior Control

In recent years, the unsustainable behaviors of straw utilization have led to waste straw being one of the sources of agricultural non-point source pollution. Studying the resource utilization of crop straw is conducive to expediate the development of ecological and green agriculture. More importantly, it has long-term significance for the recycling of agricultural waste, improving the quality of rural life, and the employment of farmers. Based on the theory of planned behavior (TPB), taking the representative survey questionnaire of farmers in Jilin Province, China as the sample, the structural equation model (SEM) was constructed to study the main factors that drive the utilization behaviors of straw resources of farmers and to explore the driving mechanism of the farmers behaviors in Jilin Province. The results show that the behavioral attitude and subjective norms of farmers in Jilin Province not only indirectly affect their actual behaviors through behavioral willingness, but also has significant direct effects on their behaviors. The most critical factors that affect the willingness of farmers to utilize the straw resources in Jilin Province are subjective norms and moral responsibilities. The subjective norms of farmers have a direct and significant positive impact on their willingness and behaviors. Behavioral attitude and perceived behavior control have a significant positive impact on their willingness. The behavioral willingness has a significant positive impact on their actual behaviors. This study provides guidance for the utilization of straw resources policy implications.

scholarly journals ANALISIS PENGARUH BELANJA MODAL TERHADAP PERTUMBUHAN EKONOMI DAN KETIMPANGAN PENDAPATAN DI SUMATERA BARAT

2020 ◽  
Vol 2 (4) ◽  
Author(s):  
Yohana Pranita ◽  
Idris Idris
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Income Inequality ◽  
Regression Model ◽  
Capital Expenditure ◽  
Secondary Data ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Capital Expenditures ◽  
West Sumatra

Abstrak : This study aims to determine and analyze the effect of capital expenditureon economic growth and income inequality in West Sumatra. This research isdescriptive and inductive. The data used in this study is secondary data with datacollection using panel data obtained from BPS West Sumatra Province 2014-2018period with 19 regencies / cities in West Sumatra. This study analyzed using asimultaneous equation model (simultaneous equation regression model). The resultsof this study indicate that (1) Capital Expenditures have a significant effect onEconomic Growth in West Sumatra (2) Capital Expenditures have no significanteffect on Income Inequality in West Sumatra (3) Simultaneously Capital Expendituresand Economic Growth have a significant effect on Income Inequality in WestSumatra.Keyword : Capital Expenditure, Economic Growth, Income Inequality

scholarly journals Driving forces of economic growth in the second decade of transition

2010 ◽  
Vol 55 (185) ◽  
pp. 7-32 ◽  
Author(s):  
Radmila Dragutinovic-Mitrovic ◽  
Olgica Ivancev
Keyword(s):  
Economic Growth ◽  
Driving Forces ◽  
Initial Conditions ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Structural Reforms ◽  
Lower Growth ◽  
Eu Countries ◽  
Slowing Down ◽  
Eu Membership

This paper examines driving forces of economic growth in the second transition decade, by testing which determinants from the first decade remain dominant, and which new factors appear in explaining growth. To this end a panel simultaneous equation model is estimated based on a sample of 27 transition countries in the period 1999- 2009. According to the main findings of the paper initial conditions do not play a role in determining economic growth in the second decade, but macroeconomic stabilization and structural reforms still matter. However, in contrast to the first decade, the overall impact of structural reforms is not positive, indicating that difficult progress with reforms in the second decade could slow down economic growth. Moreover, EU membership seems to have the additional effect of slowing down the growth of the accessing countries, meaning that once a transition country becomes an EU member it has a similar growth path to other EU countries in terms of lower growth rates. All this indicates that only countries that undertook fast reforms in the early phase of transition experienced significant benefits from reforms, achieving higher levels of economic development and becoming closer to developed EU countries. Finally, investments and openness of the economy appear as new important determinants of growth.

scholarly journals A MODIFIED HUMAN DEVELOPMENT INDEX, DEMOCRACY AND ECONOMIC GROWTH IN INDONESIA

2020 ◽  
Vol 8 (2) ◽  
pp. 732-743
Author(s):  
Erly Leiwakabessy ◽  
Amaluddin Amaluddin
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Human Development Index ◽  
Composite Index ◽  
Private Investment ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Development Economic ◽  
Development Index ◽  
Central Java

Purpose of the study: Firstly, to construct a modified human development index by incorporating new dimensions (democracy and employment). Secondly, to measure and compare human development progress in Indonesian provinces. Thirdly, to examine the nexus between human development, economic growth, and democracy during the period 2010-2017. Methodology: Principle Component Analysis (PCA) method is employed to combining components into one index (composite index) which we call MHDI. The panel simultaneous equation model is applied to examine the nexus between human development, economic growth, and democracy. Main Findings: There were significant ranking differences between MHDI and HDI-UNDP in 24 provinces of 33 Indonesian provinces. The most significant ranking differences were found in several provinces, especially Maluku, West Java, Central Java, East Java, and Central Kalimantan. The study found a strong two-way relationship between human development and economic growth as well as between human development and democracy. Applications of this study: This study recommends that human development policies supported by rapid economic growth and democratic stability should be one of the development priorities through government spending and support from private investment (the private sector) which focuses on the development of education and health infrastructure throughout the Indonesian province. Novelty/Originality of this study: This study employs different methods for constructing a human development index by incorporating a new dimension (democracy and employment).

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