scholarly journals Impact of the ownership form on cost management: A public-private partnership perspective

2021 ◽  
Vol 19 (1) ◽  
pp. 305-316
Author(s):  
Halit Shabani ◽  
Vlora Berisha ◽  
Vjosa Hajdari

The main motive of this study is to evaluate the adaptation of the form of public-private organization to cost control. The empirical analysis for this research includes time-series data from 2008 to 2019 for the EcoHigjiena company by comparing its costs when it was a publicly owned company with the costs over the time the company entered into the partnership agreement. The findings of the study show that public-private ownership is a critical factor in determining total costs of the company by reducing total costs by 10%. The control variables (such as landfill within the municipality, wages and maintenance costs, number of customers and number of employees) for this study also showed significant and robust relationships in the total costs of the company. Wage expenses are an important indicator in increasing the total costs of the company by increasing them by 1.12%, which means that for every employee in the company, total cost decrease by 0.49%. Disposal costs contribute to a 0.25% increase in total costs. The number of clients is statistically important when viewed from an economic perspective, its impact on total costs is not high, or, in other words, there is no implication because for each client of the company, total expenses increase by 0.002%.

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Najimu Saka ◽  
Abdullahi Babatunde Saka ◽  
Opeoluwa Akinradewo ◽  
Clinton O. Aigbavboa

Purpose The complex interaction of politics and the economy is a critical factor for the sustainable growth and development of the construction sector (CNS). This study aims to investigate the effects of type of political administration including democracy and military on the performance of CNS using the Nigerian Construction Sector (NCS) as a case study. Design/methodology/approach A 48 year (1970–2017) time series data (TSD) on the NCS and the gross domestic product (GDP) based on 2010 constant USD were extracted from the United Nations Statistical Department database. Analysis of variance (ANOVA) and analysis of covariance (ANCOVA) models were used to analyze the TSD. The ANCOVA model includes the GDP as correlational variable or covariate. Findings The estimates of the ANOVA model indicate that democratic administration is significantly better than military administration in construction performance. However, the ANCOVA model indicates that the GDP is more important than political administration in the performance of the CNS. The study recommends for a new national construction policy, favourable fiscal and monetary policy, local content development policy and construction credit guaranty scheme for the rapid growth and development of the NCS. Originality/value Hitherto, little is known about the influence of political administration on the performance of the CNS. This study provides empirical evidence from a developing economy perspective. It presents the relationships and highlights recommendations for driving growth in the construction industry.


Author(s):  
V. S. Radhika ◽  
G. N. Kulkarni

Water is vital to the existence of all living organisms, but this valuable resource is increasingly being threatened with increasing population growth and demand for high water quality for both domestic purposes and economic activities. A critical factor in the estimation of waste water generation is the population growth. The population of the Hubli-Dharwad twin cities is the second-largest in Karnataka, after Bangalore. The present study was based on secondary (time series) data. The population and sewage water flow in twin cities was found to have increased almost nearly about twelve times with the growth rate of 1.07 percent per annum. The projected future population and sewage water generation from twin cities for three decadal points of time showed an increasing trend. This poses a challenging task in future with respect to management. The farmers consider the resource as a boon which provides water for irrigation throughout the year and serves as a source of income and employment.


2021 ◽  
Vol 6 (1) ◽  
pp. 50-59
Author(s):  
Irine Melyani ◽  
Martha Ayerza Esra

The movement of stock price index is the important indicator for investors to determine whether the investor would sell, buy, or hold shares. The movement of CSPI is affected by several factor like macroeconomy. The purpose of this study was to determine the effect of inflation, interest rate, and exchange rate against CSPI. Theoretically, the effect of inflation, interest rate, and exchange rate is based on efficient market hyphothesis and signalling theory which inflation, interest rate and exchange rate provide signal to investor which affect their decision that cause change to CSPI. The type of data used in this study is secondary data with quantitative approach. The sampling is based on time series data from 2016-2018 using purposive sampling methodso that 36 samples are obtained. This research uses multiple uses multiple regression analysis method using SPSS 2.2. The results of this study indicate that during the period 2016-2018 inflation does not affect CSPI, the interest rate have negative affect on CSPI and exchange rate have positive affect on CSPI. Future research is expected to add another independent variable and extend the time range of the research to obtain ore accurate and comprehensive results. Keywords: Inflation, Interest Rate, Exchange Rate, Composite Stock Price Indonesia


2018 ◽  
Vol 11 ◽  
pp. 77-94 ◽  
Author(s):  
Prem Sagar Chapagain ◽  
Mohan Kumar Rai ◽  
Basanta Paudel

Land use/land cover situation is an important indicator of human interaction with environment. It reflects both environmental situation and the livelihood strategies of the people in space over time. This paper has attempted to study the land use/ land cover change of Sidin VDC, in the Koshi River basin in Nepal, based on maps and Remote sensing imageries (RS) data and household survey using structured questionnaires, focus group discussion and key informant interview. The study has focused on analysis the trend and pathways of land use change by dividing the study area into three elevation zones – upper, middle and lower. The time series data analysis from 1994-2004-2014 show major changes in forest and agricultural land. The dominant pathways of change is from forest to agriculture and forest to shrub during 1994-2004 and agriculture to forest during 2004-2014. The development of community forest, labor migration and labor shortage are found the major causes of land use change.The Geographical Journal of NepalVol. 11: 77-94, 2018


2019 ◽  
Vol IV (IV) ◽  
pp. 219-228
Author(s):  
Ghulam Muhammad Mangnejo ◽  
Muhammad Saleem Rahpoto

This study has mainly examined the association “between Fiscal decentralization and Macroeconomic performance in” Pakistan. “The time series data 1980 to 2018 has been used for the above-stated purpose”. This empirical study has used the Eviews9 software and estimation technique regression for the empirical analysis. “The study has found the significant association between Macroeconomic performance and fiscal decentralization in the” country. The “chief variables of fiscal decentralization are revenue transfer to the provinces and revenue generated by federating units and results of both variables” suggest the higher extent of fiscal devolution. The horizontal resource distribution mechanism among the provinces and vertical resources sharing method between provinces and federal has remained a very hot and blistering subject of debate since the inception of the country.


SOROT ◽  
2020 ◽  
Vol 15 (2) ◽  
pp. 105
Author(s):  
Muhammad Dedy Palguno ◽  
Devi Valeriani ◽  
Suhartono Suhartono

Pertumbuhan Ekonomi adalah salah satu indikator penting untuk melihat keberhasilan pembangunan ekonomi pada suatu negara atau daerah. Suatu perekonomian dikatakan mengalami pertumbuhan ekonomi jika jumlah produksi barang dan jasanya meningkat dan produk domestik regional bruto merupakan salah satu indikator penting untuk mengetahui kondisi ekonomi di suatu daerah dalam suatu periode tertentu baik atas dasar harga berlaku maupun atas dasar harga konstan. Tujuan Penelitian adalah untuk melihat pengaruh pendapatan asli daerah (PAD) dan belanja modal terhadap pertumbuhan ekonomi. Data yang digunakan dalam penelitian ini merupakan data time series periode tahun 2009-2018. Analisis data yang digunakan adalah analisis regresi berganda untuk melihat seberapa besar pengaruh pendapatan asli daerah dan belanja modal terhadap pertumbuhan ekonomi di Provinsi Kepulauan Bangka Belitung. Hasil Penelitian menunjukkan bahwa secara simultan variabel PAD dan belanja modal berpengaruh positif signifikan terhadap pertumbuhan ekonomi. Hasil pengujian secara parsial variabel pendapatan asli daerah berpengaruh positif signifikan terhadap pertumbuhan ekonomi dan pada variabel belanja modal hasil uji secara parsial tidak berpengaruh signifikan terhadap pertumbuhan ekonomi.Economic growth is one important indicator to see the success of economic development in a country or region. An economy is said to experience economic growth if the amount of production of goods and services increases and the gross regional domestic product is one of the essential indicators to determine the economic conditions in a region in a given period both based on current prices and constantly. The purpose of this study is to look at the effect of regional own-source revenue (PAD) and capital expenditure on economic growth. The data used in this study is Time Series data (time series) for the years 2009-2018. Analysis of the data used is multiple regression analysis to see how much influence the region's original income and capital expenditure on economic growth in the Bangka Belitung Islands Province. The results showed that simultaneous variables of PAD and capital expenditure had a significant positive effect on economic growth. The test results partially local revenue variables have a significant positive impact on economic growth. On the capital expenditure variable, the test results partly have no significant effect on economic growth.


2021 ◽  
Vol 27 (1) ◽  
pp. 128-144

The purpose of the article is to perform an empirical assessment and comparative analysis of Okun’s Law for Bulgaria, Greece and Russia. Ordinary least squares regressions of time series data (from the first quarter of 2000 to the third quarter of 2019 in Bulgaria and Greece, and from the first quarter of 2003 to the third quarter of 2019 in Russia) are employed to estimate the relationships between unemployment, economic growth and the output gap. The results from the empirical analysis show that while in Bulgaria the phase of the business cycle does not affect the validity and strength of the manifestation of Okun’s Law, in Greece and Russia the link between unemployment and output is cyclically influenced – it is much stronger during contraction than it is during expansion.


Author(s):  
Budi Wardono

<p>ABSTRACT<br /><br />Tuna longline and troll line are two dominant tuna fishing fleets in Palabuhanratu port. Tuna longline and troll line yielded around 7.06 thousand tons or 89.12 % of total fish production. The main problem of tuna industry was thing related to resource and capturing capacity. This study aimed to understand the capacity, efficiency, and total factor productivity of fisheries business of tuna in PPN Palabuhanratu, using Data Envelope Analysis (DEA) approach. The study was done in harbour area of Palabuhanratu, from January to March 2014. The time series data from 2010 to 2013 were obtained, covering the production of tuna longline and marine hook boats, input usage (boat, fuel, feed, fishermen, ice box, trip number, oil, water, capturing device). Under variable return to scale assumption, the result showed that business capacity of tuna in Palabuhanratu has been efficient. According to Malmquist approach, we found an important indicator of business productivity, ie. Index of total factor productivity change. Malmquist index of troll line was 0.851, while the Malmquist index of tuna longline was 1.139. Both indices showed the magnitude of productive change of the fleets. The annual change of total factor productivity could be described by the change of TFPCH from 2010 to 2013, the respective value of each year were 0.480; 1.945 and 1.023. Those showed the magnitude of productive change of fisheries business of tuna in PPN in Palabuhanratu.<br /><br />Keywords: DEA, efficiency, Malmquist index, productivity, troll line, tuna longline, VRS</p><p>-------<br /><br />ABSTRAK<br />Armada perikanan tuna longline dan pancing tonda merupakan armada yang dominan menangkap ikan tuna di Pelabuhan Perikanan Nusantara (PPN) Palabuhanratu.Total produksi dari keduanya sebanyak 7.066,64 ton (89,12%) dari total produksi ikan di Palabuhanratu. Permasalahan utama industri tuna adalah terkait sumber daya dan kapasitas penangkapan tuna. Tujuan penelitian ini untuk mengetahui tingkat efisiensi, perubahan total faktor produktivitas dan indeks ketidakstabilan usaha perikanan tuna dengan menggunakan tuna longline dan pancing tonda di Palabuhanratu dengan pendekatan Data Envelopment Analysis (DEA) dan Indeks Ketidakstabilan (Coppoct Instability Index). Penelitian dilakukan dikawasan PPN Palabuhanratu, Kabupaten Sukabumi, pada bulan Januari – Maret 2014. Data yang digunakan adalah data time series yang dikeluarkan oleh PPN Palabuhanratu dari tahun 2010-2013. Data yang digunakan dalam analisis ini meliputi produksi dari armada tuna long line dan pancing tonda. Adapun input yang digunakan adalah kapal (longline dan pancing tonda), BBM, umpan, nelayan, es, trip, oli, air, alat tangkap. Hasil analisis dengan asumsi variable return to scale (VRS), kapasitas usaha perikanan tuna di Palabuhanratu, pada armada tuna longline dan pancing tonda sudah efisien. Artinya bahwa sumber daya sudah dialokasikan secara efisien, penggunaan input dalam upaya penangkapan tuna sudah efisien. Hasil analisis menggunakan pendekatan indeks Malmquist diperoleh indeks total factor productivity change yang menunjukkan indikator penting produktifitas usaha. Nilai indeks Malmquist untuk amada pancing tonda sebesar 0,851 dan tuna longline sebesar 1,139, menunjukkan besarnya perbandingan perubahan produktivitas antara kedua armada tersebut. Perubahan total faktor produktivitas antar tahun digambarkan dari besarnya perubahan TFPCH dari tahun 2010 sampai dengan 2013 masing-masing besarnya 0,480; 1,945 dan 1,023, yang menunjukan perubahan besarnya produktivitas usaha perikanan tuna di PPN Palabuhanratu tahun 2010 sampai 2013.<br /><br />Kata kunci: DEA, efisiensi, Malmquist index, produktifitas, pancing tonda, tuna longline, VRS</p>


2017 ◽  
Vol 6 (1) ◽  
pp. 174
Author(s):  
Aranit Shkurti ◽  
Macit Koc

The article is concerned with the analysis of the electric power prices at the European spot exchanges, taking in consideration 27 Countries of the Union (excluding UK). The time series data are considering the half yearly average of the countries, as reported by the Eurostat database. The article examines the way spot prices are influenced by power exchanges, based on the overall installed power of more healthier economies. In recent years a growing capacity from renewable sources is pouring in the system, anyway the implementation of renewable energies do not guarantee constant supply to the network as they depend on weather conditions and therefore must still have recourse to conventional generation types - such as gas and coal - which generally have higher operating costs than renewable. An increasing number of Member States have adjusted mechanisms to promote investment in power plants or provided incentives to keep them standing. These public measures may be justified in certain situations but according to recent guidelines, the European Commission has established that the adjustment mechanisms can be in contrast with the legislation on state aid. The identification of these discrepancies is studied in this article through the key characteristics of the price differential for the EU spot markets. The inflation generated from the price adjustments within the EU members can be considered an important indicator of market inefficiency.Key words: electricity spot exchanges, subsidies, price setter, price taker, household consumers.


2018 ◽  
Vol 2 (4) ◽  
pp. 193
Author(s):  
Getamesay Tefera ◽  
Prof. Xinhai Lu

<p><em>The wave of acquiring large-scale farmland investments for overseas both by the private and state-owned company after the 2007/2008 food and energy crisis has brought a lot of attention worldwide among scholars, media experts, and activist. Sooner or later this huge wave towards overseas large-scale farmland investment has raised a conflicting debate among scholars and developmental practitioners on its significance. In this study we investigate effectiveness levels of those overseas farmland investors, who acquire land in Ethiopia from 1995-2016, using time series data for said period collected from the databank of Ethiopian investment agency. We applied descriptive and inferential statistical analysis using E-views version-9. Finally, the findings indicate that effectiveness of overseas farmland investments for those projects that possess the license and that got the land is about 67.4 per cent. The regression result indicates as there is a significant relationship between origin of the investor’s country (0.0039) and farm land size (0.0000) with a P value less than 5 per cent. The result indicates and also substantiates those who perceive the activity as more of land acquisition that the investors are failed to invest appropriately after they possessed the land. Finally, the findings greatly contribute for policy makers and also for implementing appropriate land investment strategy in the whole. </em></p>


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