scholarly journals Economic Freedom And Investment Efficiency In The MENA Region

2017 ◽  
Vol 33 (4) ◽  
pp. 841
Author(s):  
Asma’a Al-Amarneh

The purpose of this study is to investigate the effect of economic freedom level on investment efficiency; predicted by market return and volatility; using data covering the period from 1996 tell 2015 for the MENA region countries. Simple regression models and multivariate regression models were applied to test our hypothesis. The results show that the economic freedom level has a little impact on market return, and the capital market performance get better as the government regulations get highly efficient and the financial system is accessible and effi­ciently functioning. In the same time, the evidence points out that economic freedom decrease market returns’ volatility (risk), indicating that; if government’s regulation in banking and financial systems doesn’t assure transparency and honesty, then financial markets efficiency will be hindered, the cost of financing will increase and the completion will be limited. Keeping in mind that the two fundamental aspects of investment are risk and return; it is obvious that economic freedom enhances the risk-return investment efficiency in the MENA region.

2021 ◽  
Vol 10 (1) ◽  
pp. 3
Author(s):  
Anh Thi Kim Nguyen ◽  
Loc Dong Truong ◽  
H. Swint Friday

This study employs OLS, GARCH and EGARCH regression models to test the expiration-day effects of index stock futures on market returns, volatility and trading volume for the Ho Chi Minh Stock Exchange (HOSE). Data used in this study is from a daily return series of the VN30-Index for the period from 10August 2017 through 30 June 2020. The results derived from GARCH(1,1) and EGARCH(1,1) models consistently confirm that Index futures expiration-day effects on market returns exists in the HOSE. Specifically, the average market return for expiration days is significantly lower than other trading days, by 0.13% at the 5% level of significance. However, the results obtained from the regression models indicate that the expiration-day has no impact on market volatility and trading volume.


2020 ◽  
Vol 15 (1) ◽  
pp. 1
Author(s):  
Evie Dian Pratiwi ◽  
Khusnul Ashar ◽  
Wildan Syafitri

Mobility can act as a stepping stone to get out of poverty. This research examines whether the effect of poverty encouraging or inhibiting the mobility of workers across sectors. By using data from the 2018 Indonesia National Labor Force Survey (Sakernas) that cover 8,869 respondents, this study applies multinomial regression models to analyse inter-sector mobility types among labors in Indonesia. The results show that low-income workers in the industrial and service sectors tend to have a 4.8% and 6.3% greater probability of transferring to the agricultural sector. However, agricultural workers that suffer from poverty choose to survive in the same sector due to the high cost of inter-sector mobility. Other findings show that older age and higher education level decreased the propensity to move across sectors. In the efforts to alleviate poverty, the role of the government is expected to be seen in two ways. Firstly, by facilitating workers to move into productive sectors, i.e. industrial and service sectors, and secondly, by increasing the productivity of the agricultural sector.


2012 ◽  
Vol 12 (1) ◽  
pp. 58-71 ◽  
Author(s):  
Ibrahim Mahamid ◽  
Amund Bruland

This paper investigates the statistical relationship between actual and estimated cost of road construction projects using data from road construction projects awarded in the West Bank in Palestine over the years 2004–2008. The study is based on a sample of 169 road construction projects. Based on this data, regression models are developed. The findings reveal that 100% of projects suffer from cost diverge, it is found that 76% of projects have cost under estimation while 24% have cost over estimation. The discrepancy between estimated and actual cost has an average of 14.6%, ranging from -39% to 98%. The relation between the project size (length and width) and the cost diverge is discussed.


2021 ◽  
Vol 14 (1) ◽  
pp. 42-49
Author(s):  
D. V. Paleev ◽  
M. V. Chernyaev ◽  
Yu. V. Solovyova

Modern oil-pricing is more dependent on the stock market conditions than on the cost price or demand and supply laws. The price is infl uenced by a great number of objective and subjective factors. The ability to analyze these factors is the basis of the modern stock market trade. Thus, stock quotes are the key to analyzing oil market in the short-term perspective. The authors study current trends informing pricing factors of the oil market and their influence. They point out the peculiarities of using orders as pricing tools, adduce Russian experience on pending orders at the oil market, analyze the specificity and prospects of using pending orders for analyzing oil market. So, changes of the conditions can be predicted much faster than by using traditional statistic methods of analyzing transactions. The authors conclude that using such a tool as a pending order will lead to better understanding of the market conditions for the main Russian oil brand (Urals). It will make the market more predictable and controllable by the government which will mitigate the consequences of drastic changes in oil prices and the changes of the cost of energy and fuel arising from that making the economy more resistant to crises. More accurate forecasts will increase the Russian traders’ income from the transactions. The authors use international researches devoted to stock market trade and data analysis, and information from software developers who design programs for analyzing stock market data.


2019 ◽  
Vol 47 (3) ◽  
pp. 493-529
Author(s):  
Adam A. Millsap ◽  
Bradley K. Hobbs ◽  
Dean Stansel

Brennan and Buchanan’s Leviathan hypothesis states that “potential for fiscal exploitation varies inversely with the number of competing governmental units” (p. 211) and that “total government intrusion into the economy should be smaller, ceteris paribus, the greater the extent to which taxes and expenditures are decentralized [and]…the smaller the jurisdictions” (p. 185). Using data for US metropolitan statistical areas, we provide the first local-level test of that hypothesis (that we are aware of) that uses “economic freedom” as the dependent variable, which provides a better measure of “total government intrusion into the economy” than the less comprehensive measures (taxes or spending) used in the previous literature. We find mixed support for the Leviathan hypothesis. The number of competing jurisdictions is positively associated with economic freedom, driven largely by the labor market freedom component as opposed to the government spending and tax components (the very measures used in the previous literature).


2018 ◽  
Vol 9 (2) ◽  
pp. 134
Author(s):  
Sunardi Sunardi ◽  
Faqih Ruhyanuddin

The cost of health services at the felt by middle-down economic community still expensive makes them very difficult to achieve the welfare of health. The Government issued a policy Jaminan Kesehatan Nasional (JKN) held through the mechanism of social health insurance that is compulsory (mandatory). Research methods used in this research is descriptive-qualitative design in depth-interviews. This research was conducted in Primary Clinic of Malang Dinoyo  and Griya Melati Diagnostic Malang with 10 participants who have become participants Purposive Sampling techniques through JKN. Data analysis techniques using data analysis techniques Colaizzi. The results of the interviews conducted on participants is diidentifikasinya 6 themes, namely 1) problems in the service of JKN; 2) Excess JKN within health services; 3) Service to use JKN got equal treatment; 4) Program JKN only bear the costs of the treatment in part only; 5) expectations to JKN; 6) Transition Askes became member of the BPJS. The experience of the participants against BPJS majority is very helpful in the Ministry of health. There are some participants who are not satisfied will the performance of the Basic program and hope the BPJS would be even better in providing health services. Based on these studies are recommended for the Government to be proactive in supervising and evaluating the course of program BPJS.


2021 ◽  
Vol 9 (1) ◽  
pp. 86-101
Author(s):  
Terver Theophilus Kumeka ◽  
Olabusuyi Rufus Falayi ◽  
Adeniyi Jimmy Adedokun

Abstract This paper investigates whether stock markets respond to disease pandemic referencing the case of COVID-19 in Nigeria. The paper employs three cointegrating regression models: Fully Modified Ordinary Least Squares, Dynamic Ordinary Least Squares, and Canonical Cointegrating Regression to analyse the effect of growth in total COVID-19 confirmed cases and related deaths in Nigeria and across the globe from 27 February 2020 to 4 September 2020 on the stock market performance. Key findings support the presence of long-run association between stock market returns and COVID-19 in Nigeria. The stock market is found to respond negatively to both domestic and global growths in total confirmed cases and deaths of COVID-19. Consequently, affected businesses in Nigeria should be assisted and bailed out by the government through practices such as tax filing, subsidies, targeted spending, and credit.


2019 ◽  
Vol 9 (1) ◽  
pp. 27-37
Author(s):  
Mourad Mansour ◽  
Alhassan G Mumuni

AbstractBeginning with the establishment of a Supreme Commission for Tourism and Antiquities’ (SCTA) in 2000, there have been official attempts by the government of Saudi Arabia to encourage domestic tourism in order to tap into the huge amounts that Saudis spend annually on vacations. This paper examines the motivations and attitudes of consumers toward tourism destinations and activities within the country (domestic tourism). Using data collected through a structured self-administered questionnaire, the study finds that familiarity and trust of the local environment, perceptions of the safer domestic environment, and limitations imposed by respondents’ vacation timing are the primary motives for choosing to spend their vacations locally, while lack of quality domestic tourist sites and services (including entertainment facilities), lack of tourism information, insufficient tourism organization services, and the harsh local environmental conditions during summer are factors that ‘push’ people from spending the vacations locally. Attitudes toward domestic tourism are generally negative, although there are significant differences in attitudes between respondents who prefer domestic destinations and those who prefer to travel out of Kingdom. Implications of the findings are outlined and discussed.


Author(s):  
Ewin Karman Nduru ◽  
Efori Buulolo ◽  
Pristiwanto Pristiwanto

Universities or institutions that operate in North Sumatra are very many, therefore, of course, competition in accepting new students is very tight, universities or institutions do certain ways or steps to be able to compete with other campuses in gaining interest from community or high school students who will continue their studies to a higher level. STMIK BUDI DARMA Medan (College of Information and Computer Management), is the first computer high school in Medan which was established on March 1, 1996 and received approval from the government through the Minister of Education and Culture, on July 23, 1996 with operating license number 48 / D / O / 1996, in promoting the campus, the team usually formed a promotion team to various regions in the North Sumatra Region to provide information to the community. Students who have learned in this campus are quite a lot who come from various regions in North Sumatra, from this point the need to process data from students who are active in college to be processed using data mining to achieve a target, one method that can be used in data mining, namely the ¬K-Modes clustering (grouping) algorithm. This method is a grouping of student data that will be a help to campus students in promoting, using the K-Modes algorithm is expected to help and become a reference for marketing in determining the marketing strategy STMIK Budi Darma MedanKeywords: STMIK Budi Darma, Marketing Strategy, K-Modes Algorithm.


Author(s):  
Ira Patriani

Border areas, is one of affected area on COVID_19 this present. Many of people cn not go out as usually, adding almost each country has to implement their territorial limitation (lockdown policy) to minimalize this virus spreading. One of Malaysia State, where very close and get direct border with Indonesia. This research took place at Sanggau District, Entikong, Gun Tembawang Village.The research approach used is qualitative, using data collection methods in the form of interviews, observations, and documentation supported by interviews with the theoretical approach to the negative and positive aspects on policy implementation. Research results, The results stated that the lockdown activities of Malaysia which were affected by the corona virus outbreak needed to be carried out in an effort to minimize the spread of the virus outbreak. Although of course it has a negative impact on the country's economic structure, social issues and other sector. In implementing this lockdown, there is a need for cooperation between the government and the community as well as an agreement with neighboring countries in terms of the mobility of residents closest to each other's territory on exemptions in order to realize social welfare and public health without limiting the origin of the state, religion, community and profession. Especially in border areas where mobility and kinship ties have always been closer than in other regions. Keywords: Border area, lockdown policy, covid_19


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