scholarly journals An Examination of Exchange Rates on Foreign Tourist Flows into ASEAN-3

JEJAK ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 235-243
Author(s):  
Fitra Prasapawidya Purna ◽  
Aris Munandar ◽  
Rein Pong Bija
Keyword(s):  
Exchange Rates ◽  
Price Index ◽  
Consumer Price Index ◽  
Fixed Effect Model ◽  
Foreign Tourist ◽  
Effect Model ◽  
Tourist Flows ◽  
Asean Countries ◽  
Positive Effect ◽  
Tourist Flow

This research aims to analyze the effect of exchange rates on foreign tourist flows in ASEAN-3. A fixed-effect model is used to estimate data from three ASEAN countries, namely: Indonesia, Malaysia, and Thailand from 1995 to 2016. The result shows that the exchange rate has a significant positive effect on foreign tourist flow. In other words, the depreciation of domestic currency increasing foreign tourist flow. Other control variables such as income per capita, HIV prevalence, trade, and consumer price index significantly affect a different sign.

scholarly journals The Influence of Aging Population on Consumption Quantity in China

2021 ◽  
Vol 25 (5) ◽  
pp. 601-609
Author(s):  
Guixiong Xu ◽  
Xindong Zhao ◽  
◽  
Keyword(s):  
Price Index ◽  
Negative Impact ◽  
Population Aging ◽  
Consumer Price Index ◽  
Control Variable ◽  
Fixed Effect Model ◽  
Influence Mechanism ◽  
Development Level ◽  
Effect Model ◽  
Age Dependency Ratio

In this study, a fixed effect model is established to empirically examine the effect of population aging on consumption in China. Research analyzing the influence mechanism of population aging on consumption quantity has yet to determine the effect of population aging on consumption quantity under various conditions. Panel data from 31 provinces and cities in China were analyzed, with the old-age dependency ratio as the main control variable, and considering income, economic development level (GDP), and consumer price index. The samples are divided into nationwide, as well as eastern, central, and western regions, for modeling and discussion. The results show that population aging negatively affects consumption quantity. In response to the negative impact, we propose relevant policies and suggestions for enhancing consumption quantity.

scholarly journals Pengaruh Kualitas Pengungkapan Keuangan dan Struktur Kepemilikan Terhadap Asimetri Informasi

2021 ◽  
Vol 8 (1) ◽  
pp. 44-50
Author(s):  
Farma Andiansyah ◽  
Slamet Haryono
Keyword(s):  
Information Asymmetry ◽  
Panel Data Analysis ◽  
Fixed Effect Model ◽  
Accounting Disclosure ◽  
Effect Model ◽  
Statistical Effect ◽  
The Board Of Directors ◽  
Mobilizing Information ◽  
Positive Effect

Abstract -The presence of information asymmetry increases transaction costs and reduces liquidity, and reduces the quality of investment decisions taken by investors. So that in turn it weakens the overall function of the market. Accounting disclosure plays a role in mobilizing information from management and investors so as to reduce information asymmetry. In addition, it is hoped that the presence of a concentration of investor ownership can carry out internal monitoring of the company so as to reduce information asymmetry. On the other hand, institutional investors have many incentives to access company information for their trading purposes due to the conflict of interest between outside investors and the board of directors. This study aims to determine the effect of disclosure quality and ownership structure on information asymmetry in companies listed on the Jakrta Islamic Index (JII) during the 2015-2019 period. Based on the results of panel data analysis of the Fixed Effect Model (FEM), it was found that institutional ownership had a significant positive effect on information asymmetry, while the quality of disclosure and ownership concentration did not have a statistical effect on information asymmetry.

scholarly journals Determinant of FDI Inflows in OIC Countries

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Tania Megasari ◽  
Samsubar Saleh
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Exchange Rates ◽  
Direct Investment ◽  
Trade Openness ◽  
Political Stability ◽  
Fixed Effect Model ◽  
Fdi Inflows ◽  
Macroeconomic Variables ◽  
Effect Model

This study aims to analyze the determinants of foreign direct investment (FDI) in the Organization of Islamic Cooperation (OIC) country members for the period 2005 to 2018 The determinant variables of FDI are corruption, political stability and macroeconomic variables such as inflation, exchange rates, economic growth, and trade openness. Analysis used in the study  is the fixed effect model (FEM) of the OIC data panel.The results showed that economic growth and trade openness had a significant influence on foreign direct investment (FDI), while the effects of corruption, political stability, inflation and the exchange rate have no significant effect on foreign direct investment (FDI).

scholarly journals DAYA SAING EKSPOR TEKSTIL DAN PRODUK TEKSTIL INDONESIA DAN VIETNAM KE AMERIKA SERIKAT DAN REPUBLIK RAKYAT TIONGKOK

2018 ◽  
Vol 12 (2) ◽  
pp. 205-234
Author(s):  
. Ragimun
Keyword(s):  
Exchange Rates ◽  
Market Share ◽  
Comparative Advantage ◽  
Real Exchange Rates ◽  
Fixed Effect Model ◽  
Fixed Effect ◽  
Effect Model ◽  
The Us ◽  
Constant Market Share Analysis ◽  
Constant Market Share

AbstrakTekstil dan Produk Tekstil (TPT) adalah produk ekspor utama Indonesia dan Vietnam. Penelitian ini  bertujuan menganalisis daya saing ekspor TPT Indonesia dan Vietnam di pasar AS dan RRT. Metode yang digunakan adalah Constant Market Share Analysis (CMSA), Revealed Comparative Advantage (RCA), dan Model Ekonometrika (Fixed Effect Model). Hasil penelitian menunjukkan bahwa produk TPT Indonesia dan Vietnam tidak mempunyai daya saing kuat di pasar RRT, tetapi keduanya memiliki daya saing kuat di pasar AS. Pengembangan ekspor TPT Vietnam lebih terkonsentrasi di pasar RRT, sedangkan Indonesia lebih terkonsentrasi di pasar AS. TPT Indonesia mampu beradaptasi di pasar RRT dan AS, sedangkan TPT Vietnam hanya mampu beradaptasi di pasar RRT. Daya saing TPT Indonesia dan Vietnam di pasar AS dan RRT sangat dipengaruhi oleh Penanaman Modal Asing (PMA) manufaktur negara asal. Daya saing TPT Indonesia sangat dipengaruhi Produk Domestik Bruto (PDB) negara tujuan, sedangkan Vietnam sangat dipengaruhi oleh faktor nilai tukar riil, tarif, PDB negara tujuan dan PMA manufaktur Vietnam. Untuk meningkatkan daya saing ekspor TPT, Indonesia perlu memperhatikan PMA manufaktur negara asal dan PDB negara tujuan. AbstractTextile and Textile Product (TPT) are the main export products of Indonesia and Vietnam. This study examined the competitiveness of Indonesian and Vietnamese TPT in the US and PRC markets by using the CMSA, RCA methods and the Fixed Effect Model. The result showed TPT products from Indonesia and Vietnam do not have strong competitiveness in the PRC market, but they are highly competitive in the US market. The TPT export from Vietnam is mostly concentrated in the PRC market, while TPT from Indonesia was in the US market. Indonesian TPT is able to adapt in both PRC and US markets, while the Vietnamese TPT is only able to adapt in the PRC market. The competitiveness of Indonesian and Vietnamese TPT in the US and PRC markets is strongly influenced by the home country's FDI manufacturing. Indonesia's TPT competitiveness is strongly influenced by the GDP of the destination country, while Vietnam is strongly influenced by the factors of real exchange rates, tarrif, GDP of destination countries and Vietnam's FDI manufacturing. To improve the competitiveness of TPT export, Indonesia needs to give a great concern toward FDI manufacture and GDP of US and PRC.

scholarly journals Determinants of Structural Transformation in ASEAN

2020 ◽  
Vol 35 (2) ◽  
pp. 137
Author(s):  
Kalies Sirieh Puspitowati ◽  
Deden Dinar Iskandar
Keyword(s):  
Panel Data ◽  
Structural Transformation ◽  
Value Added ◽  
Fixed Effect Model ◽  
Dependency Ratio ◽  
Service Value ◽  
Income Per Capita ◽  
Effect Model ◽  
Per Capita ◽  
Asean Countries

This study aims to analyze the determinants of the structural transformation in ASEAN countries. This study uses quantitative panel data from 9 countries in ASEAN from 2000 to 2017, thus makes up for 162 observations. This study employs panel data regression analysis with fixed effect model approach. In this study, the shifting of sectoral value added away from agriculture sectors indicates structural transformation. In particular, sectoral value added consists of the industrial value added and service value added. The results of this study shows that dependency ratio, income per capita, education, and trade significantly affect the increase of industrial value added during observation period. On the other hand, total population, dependency ratio, income per capita, education, control of corruption, and trade significantly increase the service value added over time.

scholarly journals Effects of External Factors on Organisational Cash Flow: Evidence From Ghana

2020 ◽  
Vol 10 (1) ◽  
pp. 1
Author(s):  
Abel Obeng Amanfo Ofori
Keyword(s):  
Cash Flow ◽  
Price Index ◽  
Consumer Price Index ◽  
External Factors ◽  
Flow Management ◽  
Cash Flow Management ◽  
Finance Management ◽  
Gdp Growth Rate ◽  
Effect Model ◽  
The Relationship

Effective cash flow management is essential in achieving the goals of every organisation. Businesses will fail to survive without efficient cash flow management. Existing literature reveals that key performance indicators of every organisation is influenced by forces in its external environment. The main objective of this study was thus to examine the effect of external factors within an organisation’s environment on the organisation’s cash flow.Random effect model was used to examine the relationship between key external factors organisational cash flow. The paper established that external factors had a significant impact on organisational cash flow. The paper further established that some external factors had some level of significant impact on cash flow. Taken as set, key external factors examined had little influence on variance in organisational cash flow position. Unemployment rate and Gross Domestic Product (GDP) growth rate were found not to have significant influence on organisational cash flow, while consumer price index was found to have a significant positive relationship with organisational cash flow.The paper recommends professionals and scholars in corporate finance management to analyse the effect of external factors on organizational cash flow when developing cash flow strategies.

scholarly journals Effects of hydrokinesitherapy on balance and walking ability in stroke survivors: a systematic review and meta-analysis of randomized controlled studies

2019 ◽  
Vol 16 (1) ◽  
Author(s):  
Guanli Xie ◽  
Tao Wang ◽  
Bo Jiang ◽  
Yan Su ◽  
Xiaoxia Tang ◽  
...  
Keyword(s):  
Meta Analysis ◽  
Fixed Effect Model ◽  
Fixed Effect ◽  
Sufficient Evidence ◽  
Cochrane Library ◽  
Stroke Survivors ◽  
Walking Ability ◽  
Balance Function ◽  
Effect Model ◽  
Positive Effect

Abstract Background Balance and walking impairment are common dysfunctions after stroke. Emerging data has demonstrated that hydrokinesitherapy may have a positive influence on improvement of balance and walking ability. However, there is no firm evidence to support these results. Therefore, the aim of this review is to evaluate the effects of hydrokinesitherapy in stroke survivors systematically. Methods Medline, EMBASE, Cochrane Central Register of Controlled Trials (CENTRAL) in the Cochrane Library, CINAHL and SPORTDiscus were systemic searched from their inception to Septemter 30, 2018. RevMan 5.3 software was used to perform data synthesis. The fixed-effect model or random-effect model was employed according to the results of heterogeneity test. The mean differences (MD) or standardized mean difference (SMD) was used to evaluate the pooled effect of hydrokinesitherapy on balance function, walking ability and activty of daily life (ADL). Results A total of 13 studies were included involving 381 stroke survivors. Meta-analysis results indicated that hydrokinesitherapy could improve balance ability based on three test: Berg balance scale (BBS: MD = 3.84, 95% confidence interval (95% CI) 2.84 to 4.86, P < 0.001), Time Up To Go Test (TUGT: MD = − 1.22, 95% CI − 2.25 to − 0.18, P = 0.02, fixed-effect model), Functional Reach Test (FRT: MD = 2.41, 95% CI 1.49 to 3.33, P < 0.001). Additionally, we found a weakly positive effect on walking speed (SMD = 0.75, 95% CI 0.26 to 1.25, P = 0.003) and walking ability test (SMD = 0.36, 95% CI 0.04 to 0.68, P = 0.03). There was no significant difference between experimental group and control group in terms of ADL. Short conclusion Hydrokinesitherapy can improve balance function and had a weakly positive effect on walking ability in stroke survivors. We did not find sufficient evidence to indicate that hydrokinesitherapy could improve the ADL of stroke survivors. However, due to the methodological shortcoming and small number of included studies, caution is needed when interpreting these results. Due to imprecision and publication bias, the quality of the evidence was downgraded to “low-quality” for the primary outcomes of balance and walking ability. Trial registration CRD42018110787.

scholarly journals Can the Famous University Experience of Top Managers Improve Corporate Performance? Evidence from China

2019 ◽  
Vol 11 (24) ◽  
pp. 6975
Author(s):  
Weifeng Xu ◽  
Qingsong Ruan ◽  
Chang Liu
Keyword(s):  
Corporate Performance ◽  
Top Management Team ◽  
Listed Companies ◽  
Fixed Effect Model ◽  
Top Managers ◽  
Effect Model ◽  
University Experience ◽  
The Impact ◽  
Business Complexity ◽  
Positive Effect

With the continuous improvement of China’s overall education level, the number of top managers with famous university experience in listed companies has been increasing. The question then becomes whether the performance of the listed companies is better if there are more top managers with famous university experience in the top management team (TMT). Based on the sample of listed companies in China from 2008 to 2018, we adopted the two-way fixed effect model and panel propensity score matching (Panel-PSM) methodology to examine the impact of top managers with famous university experience on corporate performance and its mechanism. We found that the higher the proportion of top managers with famous university experience in the TMT, the better the corporate performance will be, and this positive effect is larger in companies with high business complexity. We also found that this effect is mediated by overconfidence of the TMT. The proportion of top managers with famous university experience in the TMT will inhibit the overconfidence of the TMT, which will ultimately benefit corporate performance.

scholarly journals Pengaruh Pendapatan Asli Daerah dan Dana Alokasi Umum Terhadap Belanja Modal Pada 19 Kabupaten dan Kota di Sumatera Barat

2021 ◽  
Vol 5 (1) ◽  
pp. 61-70
Author(s):  
Joni Fernandes ◽  
Devi Oktavia
Keyword(s):  
Sampling Technique ◽  
Fixed Effect Model ◽  
Capital Expenditures ◽  
Local Revenue ◽  
Effect Model ◽  
Panel Data Regression ◽  
Data Regression ◽  
West Sumatra ◽  
Basic Infrastructure ◽  
Positive Effect

The low absorption of the budget in capital expenditures can have an impact, including, for example, the poor local infrastructure that is currently owned and the absence of a significant additional number of projects in the new infrastructure sector, the absence of basic infrastructure such as ports, roads, clean water processing and generators electricity. The purpose of this study was to determine how much influence local revenue and general allocation funds have on capital expenditures in 19 districts and cities in West Sumatra for the 2015–2019 period. Total sampling method is used for the sampling technique and obtained 95 data. The Central Bureau of Statistics of West Sumatra Province is a place for data collection through the website www.sumbar.bps.go.id. Panel data regression analysis is the analysis method used  with the help of the E-Views 8 application. After the Hausman-Test was carried out, it was decided to use the Fixed Effect Model method. The results showed that there was a positive effect of PAD and DAU on capital expenditures, both individually and collectively.

scholarly journals The Relative City Price Convergence in Pakistan: Empirical Evidence from Spatial GLS

2010 ◽  
Vol 49 (4II) ◽  
pp. 439-448 ◽  
Author(s):  
Hasan Muhammad Mohsin ◽  
Scott Gilbert
Keyword(s):  
Exchange Rates ◽  
Price Index ◽  
Common Knowledge ◽  
Real Exchange Rates ◽  
Consumer Price Index ◽  
Market Price ◽  
Commodity Prices ◽  
Trade Barriers ◽  
Price Convergence ◽  
Tradable Goods

It is evident from general experience that price of same good may differ considerably among countries, regions, cities in same country and even adjacent shopping malls and outlets. It is also common knowledge that stronger competitive forces and information about market price tend to ensure convergence of prices. In the presence of these forces price differentials cannot be persistent and are hence short lived. The recent literature on price convergence has focused on country studies using regional commodity prices and Consumer Price Index (CPI) data.1 The analysis of relative prices or real exchange rates between regions or cities in a country has certain advantages in estimating Purchasing Power Parity (PPP) puzzle. There are no trade barriers and non tradable goods in a single country. Krugman and Obstfeld (2007) consider transportation costs, trade barriers and goods market segmentations as obstacles to hold international Ppp.Furthermore they mention that countries have different endowments, baskets of goods and consumption weights in their inflation index. So PPP may not hold even if there are no non tradable goods and barriers. The PPP theory is related to the law of one price through arbitrage of international goods. The estimation of real exchange rates among countries shows that the convergence towards PPP is very slow.2 This study attempts to use overall Consumer Price Index (CPI) data on 35 Pakistani cities from July 2001 to June 2008 to estimate relative city price convergence with Karachi and Lahore, two numeraire cities. The case of Pakistan is interesting primarily due to the following reasons.

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