scholarly journals ASSESSMENT OF US BANKING SECTOR INVESTMENT ATTRACTIVENESS FOR MINORITY INVESTORS: THEORETICAL-APPLIED ASPECT

2021 ◽  
Vol 3 (38) ◽  
pp. 56-65
Author(s):  
I. Morhachov ◽  
Ie. Ovcharenko ◽  
О. Oviechkina ◽  
V. Tyshchenko ◽  
O. Tyshchenko
Keyword(s):  
Growth Rate ◽  
Banking Sector ◽  
Average Annual Growth Rate ◽  
Annual Growth ◽  
Stock Index ◽  
Annual Growth Rate ◽  
The Us ◽  
Favorable Conditions ◽  
Investment Intentions

Abstract. The aim of the work is to prove the appropriateness for minority investors of investing in shares of US banks only with speculative, and not investment intentions; identifying the reasons why long-term investment in the sector is not appropriateness in the presence of a fundamental enabling environment for its development. In the article, the US banking sector is considered as an object of long-term investment for investors who plan to be only minority shareholders, including for citizens of Ukraine. The main research methods in the paper are a graphical analysis of the dynamics of share prices of key US banks and determine the average annual growth rate of the market value of their shares. This average annual growth rate of the value of shares of the respective banks was compared with the dynamics of the stock index S & P-500. The sector is characterized by favorable conditions for development, but the paper proves the hypothesis of the feasibility of investing in shares of US banks only with speculative rather than investment intentions. The factors of inexpediency of long-term investment in this sector in the presence of fundamental favorable conditions for the development of the sector in the country are specified. It is determined that the speculative nature of investments in the US banking sector is due to the lack of sustainable long-term growth of shares of the respective banks at a rate exceeding the growth rate of the stock index S&P-500. The main reasons that hinder the sustainable development of the US banking sector and prevent investment in this sector to outpace the efficiency of investment in the broad market was specified. The main such factors are the significant impact on banking activities of both macroeconomic crises and crises in certain sectors of the economy that are customers of banks. Since the clients of banks are almost all sectors of the economy, the list of possible sectoral crises, which are pass on the banking system in proportion to the volume of lending, is quite significant. This makes investing in the banking sector more risky than investing in other sectors of the economy. The property of the US banking sector and its of state regulation to evolve in the direction of improving the ability to counter economic crises is specified. This property reduces the reliability of forecasts for the development of the studied sector similarly to the dynamics of past periods and forces to plan events in a more optimistic scenario. The heterogeneity of the US banking sector in terms of asset structure and the level of diversification of activities has been identified, which allows individual banks of the country to go through periods of economic crisis in different ways. Keywords: US banking sector, stocks, S&P stock index-500, investments, economic crises. JEL Classification G21, G24, G12 Formulas: 2; fig.: 0; tabl.: 2; bibl.: 21.

The Impact of COVID-19 on Energy Consumption in the United States: An Overview

2021 ◽  
Author(s):  
Lindsey Kahn ◽  
Hamidreza Najafi
Keyword(s):  
Growth Rate ◽  
Energy Consumption ◽  
Energy Use ◽  
The United States ◽  
Average Annual Growth Rate ◽  
Annual Growth ◽  
Annual Growth Rate ◽  
End User ◽  
End Use ◽  
The Impact

Abstract Lockdown measures and mobility restrictions implemented to combat the spread of the novel COVID-19 virus have impacted energy consumption patterns, particularly in the United States. A review of available data and literature on the impact of the pandemic on energy consumption is performed to understand the current knowledge on this topic. The overall decline of energy use during lockdown restrictions can best be identified through the analysis of energy consumption by source and end-user breakdown. Using monthly energy consumption data, the total 9-months use between January and September for the years 2015–2020 are calculated for each end-use. The cumulative consumption within these 9 months of the petroleum, natural gas, biomass, and electricity energy by the various end-use sectors are compared to identify a shift in use throughout time with the calculation of the percent change from 2019 to 2020. The analysis shows that the transportation sector experienced the most dramatic decline, having a subsequent impact on the primary energy it uses. A steep decline in the use of petroleum and natural gas by the transportation sector has had an inevitable impact on the emission of carbon dioxide and other air pollutants during the pandemic. Additionally, the most current data for the consumption of electricity by each state and each end-user in the times before and during the pandemic highlights the impact of specific lockdown procedures on energy use. The average total consumption for each state was found for the years 2015–2019. This result is used calculation of yearly growth rate and average annual growth rate in 2020 for each state and end-user. The total average annual growth rate for 2020 was used to find a correlation coefficient between COVID-19 case and death rates as well as population density and lockdown duration. To further examine the relationship a correlation coefficient was calculated between the 2020 average annual growth rate for all sectors and average annual growth rate for each individual end-user.

Overseas Chinese Investments in China – Patterns of Growth, Diversification and Finance: The Case of Charoen Pokphand

1998 ◽  
Vol 155 ◽  
pp. 610-636 ◽  
Author(s):  
Rajeswary Ampalavanar-Brown
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
European Countries ◽  
Average Annual Growth Rate ◽  
Annual Growth ◽  
Annual Growth Rate ◽  
Overseas Chinese ◽  
Remarkable Increase ◽  
Industrial Employment ◽  
Average Rise

The accelerated economic growth of Asia over the last three decades is well documented. While Britain and many other European countries experienced an average rise of real productivity by 2–3 per cent every year from 1973–1992, Asian growth frequently soared over 8 per cent, particularly after 1978. China in particular saw a remarkable increase in the average annual growth rate of GDP from 7 per cent in 1976 to a constant 9 per cent in the 1978 to 1988 period. In 1992 it rose again to 13 per cent, subsequently fluctuating between 8 per cent and 9 per cent. The contribution of agriculture to GDP increased from 28 per cent 1978 to 34 per cent in 1982. Thereafter a contraction in agriculture's share – from 34 per cent back to 24 per cent – reflected a major expansion in industry and services. There was an increase in industrial employment from 18 per cent to 21 per cent, and in that of services from 14 per cent to 18 per cent.

scholarly journals Green TFP Heterogeneity in the Ports of China’s Pilot Free Trade Zone under Environmental Constraints

2021 ◽  
Vol 18 (24) ◽  
pp. 12910
Author(s):  
Zongbiao Hu ◽  
Feng Lan ◽  
Han Xu
Keyword(s):  
Growth Rate ◽  
Environmental Factors ◽  
Free Trade ◽  
Free Trade Zone ◽  
Average Annual Growth Rate ◽  
Annual Growth ◽  
Pollutant Emissions ◽  
Annual Growth Rate ◽  
Environmental Constraints ◽  
Tfp Growth

In the context of China’s Pilot Free Trade Zone (FTZ), ports have a new opportunity to realize high-quality development. Based on the analysis of the current situation of pollutant emissions from ports in China’s Pilot Free Trade Zones (FTZs), this paper introduces environmental factors into the analysis framework of the total factor productivity (TFP) of ports in China’s FTZs, and uses the Global Malmquist–Luenberger index method to analyze the evolution trend and heterogeneity of green TFP in 28 ports of China’s 19 FTZs from 2011 to 2017. The results show that firstly, the emissions of sulfur dioxide (SO2), nitrogen oxides (NOX) and other pollutants in China’s FTZs have been decreasing year by year. Secondly, both the green TFP and the traditional TFP of the ports in FTZs are on the rise. The absence of environmental factors leads to the underestimation of the TFP of ports. For the green TFP, the main source of its growth is technological progress. Thirdly, there is obvious port heterogeneity in the green TFP of FTZ ports. Nanjing Port has the highest green TFP growth rate, with an average annual growth rate of 21.95%. Ningbo Port, which ranks 14th, has an average annual growth rate of 5.46%. Fuzhou Port, which is rated last, has negative growth. Fourthly, there is also obvious types and regional heterogeneity in the green TFP of FTZ ports. When categorized by type, the average annual growth rate of green TFP in inland ports is significantly higher than that of coastal ports. When categorized by region, the descending order of the average annual growth rate of green TFP is the western region, the eastern region and the central region. Fifthly, the green TFP differences among the eastern, central, and western regions, as well as between inland ports and coastal ports, are shrinking. Moreover, the green TFP differences within inland ports and coastal ports and within central ports and eastern ports are also shrinking, implying there may be σ convergence. The conclusions of this paper have important implications for the scientific understanding of the heterogeneity of green TFP growth in ports in China’s FTZs, and how to promote the green development of ports in China’s FTZs under environmental constraints.

scholarly journals Does FDI Promote or Inhibit the High-Quality Development of Agriculture in China? An Agricultural GTFP Perspective

2019 ◽  
Vol 11 (17) ◽  
pp. 4620 ◽  
Author(s):  
Yafei Wang ◽  
Li Xie ◽  
Yi Zhang ◽  
Chunyun Wang ◽  
Ke Yu
Keyword(s):  
Growth Rate ◽  
Total Factor Productivity ◽  
Annual Growth ◽  
Eastern Region ◽  
Annual Growth Rate ◽  
Factor Productivity ◽  
Promoting Effect ◽  
Index Method ◽  
Agricultural Growth

This paper innovatively brings the undesirable output of agricultural carbon emission into the agricultural Total Factor Productivity (TFP) accounting framework as a measure of Green Total Factor Productivity (GTFP) and uses the Slack-based Measure and Malmquist-Luenberger (SBM-ML) index method to measure the agricultural GTFP of 24 provinces in China from 2004 to 2016. Further, the two-step system generalized moment method (GMM) is adopted to reveal the effect of agricultural (Foreign Direct Investment) FDI on the growth of agricultural GTFP and various subitems. We find that the average annual growth rate of agricultural GTFP is 3.1%, and its contribution rate to agricultural growth is 52%; the growth of agricultural GTFP shows that the progress of agricultural technology is accompanied by the deterioration of agricultural technical efficiency; the agricultural GTFP in the Eastern region, the Central region and the Western region increases in a stepped-up form, with an annual growth rate of 3.1%, 3.3% and 3.4%, respectively. Agricultural FDI has a significant promoting effect on agricultural GTFP and subitems, however, it has an inverted U-shaped feature in the long term.

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