scholarly journals IMPACT OF REDENOMINATION ON PRICE, VOLUME, AND VALUE OF TRANSACTION: AN EXPERIMENTAL ECONOMIC APPRAOCH

2016 ◽  
Vol 19 (2) ◽  
pp. 207-238 ◽  
Author(s):  
Danti Astrini ◽  
Bambang Juanda ◽  
Noer Azam Achsani
Keyword(s):  
Economic Growth ◽  
High Growth ◽  
Transaction Prices ◽  
Experimental Economic ◽  
Before And After ◽  
High Inflation ◽  
Real Value ◽  
Transaction Value ◽  
The Impact ◽  
Zero Number

Redenomination is a simplification of nominal value of currency by reducing digit (zero number) without reducing the real value of the currency. This paper provide an overview of the impact of redenomination to changes in transaction prices, transaction value and number of transactions using experimental methods. The results showed that the most substantial price reduction on the elastic goods can occur in conditions of low economic growth and high inflation. Price reductions also occur in conditions of high economic growth and low inflation. Based on results, there is no change between before and after redenomination on the number of transactions. So redenomination would not change the number of transactions in elastic goods. Conditions which can change the value of the transaction is low growth and high growth in high inflation condition. Conditions of high inflation and low growth will decrease the value of the transaction while the condition of high inflation with high growth will increase the value of the transaction.

scholarly journals Dampak Redenominasi terhadap Kinerja Perekonomian: Pendekatan Ekonomi Eksperimental

2018 ◽  
Vol 18 (2) ◽  
pp. 167-190
Author(s):  
Nur Siti Annazah ◽  
Bambang Juanda ◽  
Sri Mulatsih
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Experimental Methods ◽  
Economic Perspective ◽  
Transaction Prices ◽  
Experimental Economic ◽  
Transaction Value ◽  
The Impact ◽  
Zero Number

Impact of Redenomination on Economic Perspective: An Experimental Economic ApproachThere is persistent debate between theoretical and empirical findings on the impact of redenomination on economic performance. Hence, this study aims to analyze the impacts of inflation, economic growth, reducing reducing digit (zero number), and stages of redenomination to changes in transaction prices and the number of the transactions using experimental methods. The result showed redenomination could decrease the transaction prices and transaction value. The best conditions to applied redenomination policy was directly in low inflation and high growth.Keywords: Redenomination; Inflation; Economic Growth; ExperimentAbstrakPenelitian ini dilakukan karena adanya teori dan hasil empiris yang masih menjadi perdebatan mengenaidampak kebijakan redenominasi terhadap kinerja perekonomian. Tujuan penelitian ini adalah untukmenganalisis dampak inflasi, pertumbuhan ekonomi, penghilangan jumlah angka nol, serta tahapanredenominasi terhadap perubahan harga dan jumlah transaksi menggunakan metode ekperimental.Redenominasi secara keseluruhan dapat menurunkan harga transaksi dan jumlah transaksi. Hasil analisisjuga menunjukkan bahwa kondisi yang ideal untuk melaksanakan redenominasi adalah secara langsungpada kondisi inflasi rendah dan pertumbuhan ekonomi yang tinggi.

Non-Financial Determinants and economic fluctuations – evidence from Yemen

2019 ◽  
Vol 35 (3) ◽  
pp. 376-391
Author(s):  
Sulaiman Abdullah Saif Alnasser Mohammed
Keyword(s):  
Economic Growth ◽  
Arab World ◽  
Economic Status ◽  
Oil Price ◽  
Research Review ◽  
Content Type ◽  
Before And After ◽  
Additional Reference ◽  
The Arab Spring ◽  
The Impact

Purpose This paper aims to examine, by way of an analytical research review, the reasons for the fluctuations in the economic growth of the country of Yemen during the period from 2000 to 2014. The authors are trying to generate the answers to the following questions: Has tourism, oil price, politically instability improved? What is the impact of tourism, oil price and politically instability on economic growth before and after turbulence time? We have found that very low number of papers have written about the topic. Yemen, as a developing country, has been under the influence of an turbulence time. The term “turbulence time” refers to the series of independent uprisings that occurred in 2010 across the Arab world. There is a lack of understanding concerning the economic growth status in the existing literature during this period. Design/methodology/approach The authors use vector error-correction model to examine the impact of candidate variables .This review and analysis could provide an additional understanding in terms of the factors contributing to economic growth in Yemen; particularly before and after the turbulence time. Findings Despite oil prices having appreciated and the unemployment rate having improved, particularly after the Arab Spring, political instability has dominated the scope of determinants for economic growth in Yemen. To address the objective of this study. Originality/value This paper provides an additional reference about the economic status of Yemen.

scholarly journals Historical Aspect of Inflation in Pre and Post Covid-19 Pandemic in Pakistan

2021 ◽  
Vol 2 (2) ◽  
pp. 383-401
Author(s):  
Muhammad Asif Amjad ◽  
Nabila Asghar ◽  
Hafeez-ur-Rehman
Keyword(s):  
Economic Growth ◽  
Modern Technology ◽  
Historical Aspect ◽  
The World ◽  
High Inflation ◽  
Main Culprit ◽  
History Of ◽  
Entire History ◽  
The Impact ◽  
Double Digit

Covid-19 Pandemic proved to be very dangerous and catastrophic in the entire history of mankind. It affected every corner of the world within less than a year. It changed the lifestyle and paralyzed all modern technology and killed millions of people around the globe. This study presents the historical overview of major world pandemics and Covid-19 as well. It also examines the impact of Covid-19 pandemic on inflation and on other sectors of Pakistan's economy. The results reveal that covid-19 is the main culprit responsible for double digit inflation and slow economic growth in Pakistan. The present study explores that during 2020 high inflation was due to world lock down while in 2021 the main cause of inflation was persistent increase in oil prices, food shortage, political instability in Afghanistan and devaluation of Pakistan’s rupee. The results indicate that Covid-19 affects adversely every sector of Pakistan economy. The study suggests that government should pay proper attention to health of the general public and implement suitable policies to stabilize the economic growth.

scholarly journals Simulating the Impact of Income Distribution on Poverty Reduction

2015 ◽  
Vol 54 (4I-II) ◽  
pp. 931-944
Author(s):  
Syed Kalim Hyder ◽  
Qazi Masood Ahmed ◽  
Haroon Jamal
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Poverty Alleviation ◽  
Poverty Reduction ◽  
Main Tool ◽  
High Growth ◽  
Quality Data ◽  
Necessary Condition ◽  
The Impact ◽  
Trickle Down

The traditional notion that has influenced the development thinking for almost half a century is that economic growth is fundamental to the development process, and that the objective of poverty reduction can only be achieved by allowing the benefits of growth to ultimately trickle down to the poor. The „primacy of growth‟ paradigm is based on the premise that high growth, through high investment, would lead to higher employment and higher wages, and thereby reducing poverty. The „trickle-down‟ paradigm assumes that the benefits of economic growth would, in the first round, accrue to the upper income groups, and the ensuing consumption expenditures of these households would, in subsequent rounds, accrue incomes to relatively lower income households. Importance of equity consideration in poverty alleviation efforts has been brought out of the cold and now has re-entered the mainstream development policy agenda in many developing countries. This is the consequence of a deep-rooted disillusionment with the development paradigm which placed exclusive emphasis on the pursuit of growth. During 1990s, the proliferation of quality data on income distribution from a number of countries has allowed rigorous empirical testing of standing debates on the relative importance of growth and redistribution in poverty reduction. While the debate is still inconclusive, the majority of development economists emphasised, based on empirical cross-country data, that an unequal income distribution is a serious impediment to effective poverty alleviation [Ravallion (1997, 2001)]. Many researchers suggested that growth is, in practice the main tool for fighting poverty. However, they also reiterated that the imperative of growth for combating poverty should not be misinterpreted to mean that “growth is all that matters”. Growth is a necessary condition for poverty alleviation, no doubt, but inequality also matters and should also be on the development agenda

scholarly journals Innovative entrepreneurship and economic growth in emerging markets

Ekonomika ◽  
2021 ◽  
Vol 67 (4) ◽  
pp. 65-74
Author(s):  
Maja Ivanović-Đukić ◽  
Tamara Rađenović ◽  
Miljana Talić
Keyword(s):  
Economic Growth ◽  
Emerging Markets ◽  
Technology Development ◽  
New Technology ◽  
New Products ◽  
High Growth ◽  
Average Growth ◽  
Different Types ◽  
Impact Of Technology ◽  
The Impact

The paper analyses the contribution of different types of innovative entrepreneurship: new products entrepreneurship, new technology development entrepreneurship, high growth expectation entrepreneurship and average growth expectation entrepreneurship to economic growth in emerging markets. The aim of paper is to identify types of innovative entrepreneurship which have the greatest contribution to economic growth in emerging markets and propose measures that macroeconomic policy makers could implement to achieve sustainable economic growth. The regression analysis is performed in order to estimate the impact of different types of innovative entrepreneurship on economic growth in 13 emerging markets. The results have shown that a high growth expectation entrepreneurship has the greatest influence on economic growth. Also, results have shown that impact of new products entrepreneurship is bigger than impact of technology development entrepreneurship on economic growth in emerging markets.

scholarly journals The Impact of Private Capital Flows on Economic Growth in the MENA Region

2020 ◽  
Vol 6 (20) (3) ◽  
pp. 45-67
Author(s):  
Ben-Salha Ousama ◽  
Zmami Mourad
Keyword(s):  
Economic Growth ◽  
Capital Flows ◽  
Growth Rates ◽  
High Growth ◽  
Private Capital ◽  
Mena Region ◽  
Portfolio Flows ◽  
Significant Difference ◽  
Private Capital Flows ◽  
The Impact

The aim of the article is to conduct an empirical analysis of the impact of aggregate and disaggregate private capital flows on economic growth in eleven MENA countries between 1980 and 2018. Unlike prior empirical studies, the fixed effect panel quantile approach developed by Canay (2011) is implemented. Findings suggest that there is a significant difference in the effects of private capital flows on economic growth across lower and higher quantiles. More specifically, the effects of total private capital flows, foreign direct investment flows, portfolio flows and debt flows are positive and statistically significant only for low and medium quantiles, indicating that the enhancing impact of private capital flows in terms of economic growth is only confirmed in countries with relatively low and medium growth rates. Moreover, debt flows affect economic growth in countries recording high growth rates, stressing the importance of financial development in routing those flows into the most productive projects in the economy.

scholarly journals FAKTOR-FAKTOR YANG MEMENGARUHI KEBERHASILAN REDENOMINASI

2018 ◽  
Vol 6 (2) ◽  
pp. 61-73
Author(s):  
Nur Siti Annazah ◽  
Bambang Juanda ◽  
Sri Mulatsih
Keyword(s):  
Economic Growth ◽  
Multiple Regression ◽  
Historical Data ◽  
Secondary Data ◽  
Economic Conditions ◽  
Economic Perspective ◽  
Empirical Results ◽  
Real Value ◽  
One Year ◽  
The Impact

Redenomination is a simplification of the nominal value of the currency by reducing digits (zeros) without reducing the real value of the currency. The research was done because of the theoretical and empirical results are still a debate about the impact of redenomination policy on the economic perspective. This is due to the redenomination policy in each country has a different effect depending on economic conditions when redenomination is applied. The purpose of this study was to analyze the factors that influence the success of the redenomination of a country. Data used in the form of secondary data, historical data of 32 countries that have conducted redenomination. The analysis used is multiple regression. The results showed the better the condition of economic growth when redenomination is applied, it will lower inflation one year after the redenomination. Keywords: Economic growth, Inflation, Redenomination, Regression

THE IMPACT OF TRADE OPENNESS IN LATIN AMERICA ON ECONOMIC GROWTH

2010 ◽  
Vol 1 (2) ◽  
pp. 150
Author(s):  
Fanny Wigeborn
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Trade Openness ◽  
Common View ◽  
Single Measure ◽  
Explanatory Variables ◽  
Before And After ◽  
Goods Market ◽  
The Common ◽  
The Impact

This paper investigates empirically the notion that enhanced levels of foreign trade as a result of the deregulation in international goods market would have spurred economic development and demonstrates that it is not obvious. We shed light on how this relationship applies to the special case of Latin America before and after “La Apertura”, the trade liberalization that took place in the late 80s and early 90s. Results show that openness solely is not a determinant of economic growth for the observed countries which stand in contrast to the general findings of existing literature on the topic. Using a single measure of trade openness togetherwith other explanatory variables, this paper fail to confirm the common view that openness is associated with growth.

scholarly journals The Impact of Village Fund Program on Improving Well-being

JEJAK ◽  
2020 ◽  
Vol 13 (2) ◽  
pp. 345-366
Author(s):  
Bagoes Joetarto ◽  
Agung Setiawan ◽  
Farida Farida
Keyword(s):  
Economic Growth ◽  
Secondary Data ◽  
Well Being ◽  
Positive Influence ◽  
High Poverty ◽  
Capita Expenditure ◽  
Before And After ◽  
Per Capita ◽  
The Impact ◽  
The Village

Laws no. 6 of 2014 concerning villages has placed villages at the forefront of development and improvement of community welfare. Villages have been given adequate authority and availability of Village Funds, so that it can manage the village’s potential, solve problems, economic growth, and improve welfare in the village. Researchers will measure changes in expenditu re per capita of the population before and after the implementation of the Village Fund program by conducting statistical analysis on secondary data from 432 districts as a research sample. From the results of analysis using regression panel data, it shows that the intervention of the Village Fund has a positive influence on the increase in expenditure per capita of the rural population. In addition, this study also found that the magnitude of the influence of the Village Fund intervention on per capita expenditure varies by region type. First, an increase in per capita expenditure was found to be grater with better village infrastructure conditions compared to areas with poor village infrastructure. Second, same pattern was also found in regions with low poverty rates compared to regions with high poverty rates.  Expenditures per capita rates found higher in regions with low poverty rates compared to regions with high poverty rates.

scholarly journals THE IMPACT OF COVID-19 PANDEMIC ON THE TOURISM SECTOR IN INDONESIA

Riset ◽  
2021 ◽  
Vol 3 (1) ◽  
pp. 389-401
Author(s):  
Jan Horas Veryady Purba ◽  
Ritha Fathiah ◽  
Steven Steven
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Secondary Data ◽  
Equation Model ◽  
Least Square ◽  
Series Data ◽  
Tourism Sector ◽  
Before And After ◽  
Negative Effect ◽  
The Impact

The tourism is one of the strategic sectors and has an important role as a source of foreign exchange and encourages national economic growth. Since March 2020, the Covid-19 pandemic has begun to enter Indonesia, and the cumulative infection curve has not sloped, and is still increasing exponentially until now. This phenomenon has resulted in a contraction in the Indonesian economy or created negative economic growth, as well as creating very bad conditions for the tourism sector in Indonesia. This study aims to examine the influence of the Covid-19 pandemic on tourism and its implications for economic growth in Indonesia. The data used are quarterly time series data before and after the Covid-19 Pandemic (2018-2020). This study uses a regression equation model that is estimated by using ordinary least square (OLS). Secondary data used are data air transport and hotel accommodation, as a proxy for tourism variables. The results show that the Covid-19 Pandemic has a negative effect on Indonesian tourism, and has negative implications for Indonesia's GDP. From the simulation results, the findings of this study also calculate the amount of potential lost in the Turism and Indonesian economy during the Covid-19 Pandemic.

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