scholarly journals SIX YEARS (1999-2015) OF ESCALATING HOUSE PRICE: CAN FDI BE BLAMED?

2017 ◽  
Vol 15 (3) ◽  
Author(s):  
Ema Izati Zull ◽  
Tajul Ariffin Masron
Keyword(s):  
House Price ◽  
Well Being ◽  
High Price ◽  
Fdi Inflows ◽  
Long Run ◽  
Long Term Impact ◽  
Liberalization Policy ◽  
The Relationship ◽  
Positive Effect

In Malaysia, house price has increased drastically. Problem arises in areas that received relatively lower number of FDI. The house price in these areas accelerated at growth which are somewhat equivalent to areas which benefit from FDI spillover. As the relationship between FDI and locals’ well-being is becoming crucial due to the escalating high price, this paper intends to examine the long-term impact of FDI on house price in Malaysia. Our long-run estimation results showed that FDI inflows have affected house price in Malaysia negatively between the period of 1999 and 2015. The effect however reversed when liberalization policy is included. With the presence of liberalization policy, FDI inflows have actually caused house price in KL and Penang (highly dynamic states) to increase in the long-run. The positive effect of FDI inflows on house price are also found in relatively slow-progressive states like Pahang and Kedah confirming the nationwide effect of liberalization policy regardless of economy level of a state. Other than FDI inflows, this study also examined house supply, gross domestic per capita and interest rate as independent variables.

scholarly journals SIX YEARS (1999-2015) OF ESCALATING HOUSE PRICE: CAN FDI BE BLAMED?

2017 ◽  
Vol 15 ◽  
Author(s):  
Ema Izati Zull ◽  
Tajul Ariffin Masron
Keyword(s):  
House Price ◽  
Well Being ◽  
High Price ◽  
Fdi Inflows ◽  
Long Run ◽  
Long Term Impact ◽  
Liberalization Policy ◽  
The Relationship ◽  
Positive Effect

In Malaysia, house price has increased drastically. Problem arises in areas that received relatively lower number of FDI. The house price in these areas accelerated at growth which are somewhat equivalent to areas which benefit from FDI spillover. As the relationship between FDI and locals’ well-being is becoming crucial due to the escalating high price, this paper intends to examine the long-term impact of FDI on house price in Malaysia. Our long-run estimation results showed that FDI inflows have affected house price in Malaysia negatively between the period of 1999 and 2015. The effect however reversed when liberalization policy is included. With the presence of liberalization policy, FDI inflows have actually caused house price in KL and Penang (highly dynamic states) to increase in the long-run. The positive effect of FDI inflows on house price are also found in relatively slow-progressive states like Pahang and Kedah confirming the nationwide effect of liberalization policy regardless of economy level of a state. Other than FDI inflows, this study also examined house supply, gross domestic per capita and interest rate as independent variables.

scholarly journals The Relationship between Foreign Direct Investment and Economic Growth: A Case of Turkey

2021 ◽  
Vol 13 (7) ◽  
pp. 85
Author(s):  
Orhan Gokmen
Keyword(s):  
Economic Growth ◽  
Impulse Response Functions ◽  
Fdi Inflows ◽  
Vector Error Correction ◽  
Real Gdp ◽  
Long Run ◽  
Short Run ◽  
Macro Variables ◽  
The Relationship ◽  
Positive Effect

This paper examines the relationship between net FDI inflows and real GDP for Turkey from 1970 to 2019. Although conventional economic growth theories and most empirical research suggest that there is  a bi-directional positive effect between these macro variables, the results indicate that there is a uni- directional significant short-run positive effect of real GDP on net FDI inflows to Turkey by employing the Vector Error Correction Model, Granger Causality, Impulse Response Functions and Variance Decomposition. Also, there is no long-run effect of net FDI inflows found on real GDP, yet vice-versa long-run effect has been found. The findings recommend Turkish authorities optimally benefit from the potential positive effect of net incoming FDI on the real GDP by allocating it for the productive sectoral establishments while effectively maintaining the country’s real economic growth to attract further FDI inflows.

scholarly journals Wind Energy And CO2 Emissions: AMG Estimations For Selected Countries

2021 ◽  
Author(s):  
Taner Güney ◽  
Emrah Üstündağ
Keyword(s):  
Energy Consumption ◽  
Wind Energy ◽  
Carbon Emissions ◽  
Cross Sectional ◽  
Long Run ◽  
Negative Effect ◽  
Cross Sectional Dependence ◽  
The Relationship ◽  
Positive Effect

Abstract This study aims to analyze the relationship between wind energy consumption, coal energy consumption, globalization, economic growth and carbon emissions in a selected country group. This analysis was made with the data of 37 countries for the period 2000-2019. In order to examine the long-term relationship between the variables, the AMG method, which makes an estimation by considering the cross-sectional dependence and slope homogeneity, was used in the study. According to the long-term coefficient estimates of the cointegrated variables, wind energy consumption has a statistically significant and negative effect on carbon emissions in the long run. A 1% increase in wind energy consumption reduces carbon emissions by 0.018%. On the other hand, the globalization variable has a statistically significant and positive effect on carbon emissions in the long run. A 1% increase in globalization increases carbon emissions by 0.107%. These findings show the importance of wind energy consumption in reducing carbon emissions. For this reason, policies should be produced to increase wind energy consumption globally and necessary incentives should be provided.

scholarly journals EXAMINING THE RELATIONSHIP BETWEEN FOREIGN PURCHASE LIBERALISATION AND HOUSING AFFORDABILITY

2020 ◽  
Vol 10 (1) ◽  
pp. 26-38
Author(s):  
Ema Izati Zull Kepili
Keyword(s):  
House Price ◽  
Negative Relationship ◽  
Housing Affordability ◽  
Fdi Inflows ◽  
The Government ◽  
Relationship Of ◽  
To Receive ◽  
The Relationship

This study attempts to examine the relationship between liberalisation of foreign purchase of properties and housing affordability in the presence of foreign direct investment (FDI) inflows. The negative relationship between liberalisation and affordability has caused dissatisfaction among Malaysians as house price has increased drastically since the government liberalise the foreign purchase of property. While Malaysia continues to receive FDI inflows which have been the engine for the country’s economic growth, it would be appropriate to examine the relationships between the liberalisation of purchase for properties by foreigners and the housing affordability within this context. Utilising the Johansen Cointegration method, this research analysed the long-term relationship of liberalisation of foreign purchase within the property sector and affordability of terrace houses. Through the use of the Channel method, this research also examines the role of FDI in the relationship.

PENGARUH INFRASTRUKTUR SECARA SPASIAL TERHADAP KONVERGENSI PERTUMBUHAN EKONOMI DI INDONESIA

INFO ARTHA ◽  
2017 ◽  
Vol 1 ◽  
pp. 17-28
Author(s):  
Anisa Fahmi
Keyword(s):  
Economic Growth ◽  
Regional Economics ◽  
Developed Countries ◽  
Road Infrastructure ◽  
Long Run ◽  
Catch Up ◽  
The Developed Countries ◽  
Positive Effect ◽  
Neoclassical Growth Theory

Motivated by inter-regional disparities condition that occurs persistently, this study examines the Indonesian economy in the long run in order to know whether it tends to converge or diverge. This convergence is based on the Solow Neoclassical growth theory assuming the existence of diminishing returns to capital so that when the developed countries reach steady state conditions, developing countries will continuously grow up to 'catch-up' with developed countries. Based on regional economics perspective, each region can not be treated as a stand-alone unit,therefore, this study also focuses on the influence of spatial dependency and infrastructure. Economical and political situations of a region will influence policy in that region which will also have an impact to the neighboring regions. The estimation results of spatial cross-regressive model using fixed effect method consistently confirmed that the Indonesian economy in the long term will likely converge with a speed of 8.08 percent per year. Other findings are road infrastructure has a positive effect on economic growth and investment and road infrastructure are spatially showed a positive effect on economic growth. In other words, the investment and infrastructure of a region does not only affect the economic growth of that region but also to the economy of the contiguous regions. 

From Help Giving to Helping Relations

2018 ◽  
pp. 464-488
Author(s):  
Arie Nadler
Keyword(s):  
Well Being ◽  
Psychological Research ◽  
Psychological Needs ◽  
Social Psychological ◽  
Significant Relationships ◽  
Long Run ◽  
Help Giving ◽  
Social Psychological Research ◽  
Practical Implications

This chapter reviews social psychological research on help giving and helping relations from the 1950s until today. The first section considers the conditions under which people are likely to help others, personality dispositions that characterize helpful individuals, and motivational and attributional antecedents of helpfulness. The second section looks at long-term consequences of help and examines help in the context of enduring and emotionally significant relationships. Research has shown that in the long run help can increase psychological and physical well-being for helpers but discourage self-reliance for recipients. The third section analyzes helping from intra- and intergroup perspectives, considering how its provision can contribute to helpers’ reputations within a group or promote the positive social identity of in-groups relative to out-groups. Help is thus conceptualized as a negotiation between the fundamental psychological needs for belongingness and independence. Theoretical and practical implications are discussed.

scholarly journals Sector Volatility Spillover and Economic Policy Uncertainty: Evidence from China’s Stock Market

Mathematics ◽  
2021 ◽  
Vol 9 (12) ◽  
pp. 1411
Author(s):  
Xiaqing Su ◽  
Zhe Liu
Keyword(s):  
Economic Policy ◽  
Stock Market ◽  
Asset Allocation ◽  
Policy Uncertainty ◽  
Volatility Spillover ◽  
Economic Policy Uncertainty ◽  
Long Run ◽  
Transmission Structure ◽  
Long Term Impact

Following generalized variance decomposition, we identify the transmission structure of financial shock among ten sectors in China. Then, we examine whether economic policy uncertainty (EPU) affects it through GARCH-MIDAS regression. We find that consumer discretionary, industrials, and materials sectors are systemically important industries during the sample period. Further research of dynamic analysis shows that each sector acts in a time-varying role in this structure. The results of the GARCH-MIDAS regression indicate that none of the selected EPU indexes has a significant long-term impact on the total volatility spillover of the inter-sector stock market in China. However, the EPUs do affect some sectors’ spillover indexes in the long run, and they are significantly heterogeneous. This paper can provide regulatory suggestions for policymakers and reasonable asset allocation and risk avoidance methods for investors.

The Real Effects of Military Spending on Security

2014 ◽  
Vol 20 (3) ◽  
pp. 377-393 ◽  
Author(s):  
Lloyd J. Dumas
Keyword(s):  
Military Spending ◽  
Well Being ◽  
Military Force ◽  
Physical Security ◽  
Dead Weight ◽  
Economic Relationships ◽  
Real Effects ◽  
Long Run ◽  
Short Run

AbstractThe indirect effects of military spending on security are stronger and more important than its direct effects, and its long run impact more telling than its short run impact. In the short run, military spending can be a source of both physical security and economic stimulus. In the long run, it can be counterproductive in terms of physical security and will be a dead weight on the economy. How a society’s productive resources are deployed, as between military spending and more economically productive activities, sets it on a long-term course with powerful implications for the ability of its economy to do what it is supposed to do – provide for the material well-being of the population as a whole. The mechanism by which the extensive and extended diversion of productive economic resources to economically unproductive military spending drags an economy down is analyzed. Furthermore, it is possible to use properly structured international and domestic economic relationships in place of threats or use of military force to increase national and international security, while at the same time enhancing, rather than degrading, economic wellbeing. Three principles for structuring such a “peacekeeping economy” are set forth.

A multifractal detrended fluctuation analysis of housing market: a role of financial crises in developed economies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Syed Ali Raza ◽  
Nida Shah ◽  
Muhammad Tahir Suleman ◽  
Md Al Mamun
Keyword(s):  
Financial Crisis ◽  
Housing Market ◽  
Market Efficiency ◽  
House Price ◽  
Fluctuation Analysis ◽  
Content Type ◽  
Multifractal Detrended Fluctuation Analysis ◽  
Long Run ◽  
Before And After

Purpose This study aims to examine the house price fluctuations in G7 countries by using the multifractal detrended fluctuation analysis (MF-DFA) for the years 1970–2019. The study examined the market efficiency between the short-term and long-term in the full sample period, before and after the global financial crisis period. Design/methodology/approach This study uses the MF-DFA to analyze house price fluctuations. Findings The findings confirmed that the housing market series are multifractal. Furthermore, all the markets showed long-term persistence in both the short and long-term. The USA is identified as the most persistent house market in the short run and Japan in the long run. Moreover, in terms of efficiency, Canada is identified as the most efficient house market in the long run and the UK in the short run. Finally, the result of before and after the financial crisis period is consistent with the full sample result. Originality/value The contribution of this study in the literature is fourfold. This is the first study that has examined the house prices efficiency by using the MF-DFA technique given by Kantelhardt et al. (2002). Previously, the house market prices and efficiency has been investigated using generalized Hurst exponent (Liu et al., 2019), Quantile Regression Approach (Chae and Bera, 2019; Tiwari et al., 2019) but no study to the best of the knowledge has been done that has used the MF-DFA technique on the housing market. Second, this is the first study that has focused on the house markets of G7 countries. Third, this study explores the house market efficiency by dividing the market into two periods i.e. before and after the financial crisis. The study strives to investigate if the financial crisis determines the change in the degree of market efficiency or not. Finally, the study gives valuable insights to the investors that will help them in their investment decisions.

MERGE OF THE TECHNİCAL ANALYSİS TYPES GİVES THE BEST RESULTS İN CRYPTOCURRENCY MARKET

2021 ◽  
Vol 6 (14) ◽  
pp. 89-97
Author(s):  
MUSTAFA ÖZYEŞİL ◽  
MOHAMMAD AL-TARIFI
Keyword(s):  
Supply And Demand ◽  
Investment Strategy ◽  
Proof Of Concept ◽  
Market Capitalization ◽  
Long Run ◽  
Peer Network ◽  
Tangible Asset ◽  
The Relationship ◽  
Peer To Peer Network

Cryptocurrencies are a modern kind of financial instrument (Hudson & Urquhart, 2019), the first cryptocurrency is Bitcoin , proposed by who called Satoushi Nakamato (2008), as The open source was created on the proof-of-concept principle that transactions can be securely treated on a decentralized peer to peer network without the need for a central clearinghouse, which appeared 2009 ( Heid, 2013). The success of the bitcoin blazes a trail to what called ‘Altcoin” this expression means all the cryptocurrencies that set in motion after the victory of the bitcoin, these coins sell themselves as the best alternatives for the bitcoin (FRANKENFIELD, 2020) . There are many types for the altcoin. The third type of the cryptocurrency is called Tokens Unlike Bitcoin and Altcoins, tokens are not able to activate independently and are dependent on the grid of another cryptocurrency. That means they do not have their own core DLT or blockchain, but instead, are built on top of an existing cryptocurrency’s blockchain (Types of cryptocurrencies: explaining the major types of cryptos, 2019). The worth of bitcoin doesn’t depend on any tangible asset or economies of the countries while it is based upon the security of an algorithm which traces all transactions (Hudson & Urquhart, 2019). The studies determine the number of the bitcoin price development in the long -run (Ciaian, Rajcaniova, & Kancs, 2018): • Market forces of the Bitcoin supply and demand • The bitcoin’s attractiveness for the investors • The influence of global macro-financial developments If you're forming an investment strategy designed to help you trail long-term financial intentions, understanding the relationship between company size, return potential, and risk is vital. (Market cap—or market capitalization—refers to the total value of all a company's shares of stock, 2017) .Hence , Manifested importance a cryptocurrency’s market capitalization as the total values of all coins currently in circulation. the cryptocurrency’s market cap contains what’s called Bitcoin Dominance that is the ratio between the market cap of bitcoin to other coins of the cryptocurrency markets (jacobcanfield, 2019) . Cryptocurrency trade is attractive type of investment. this market treated the same of the foreign exchange and stock market ( Radityo, Munajat, & Budi, 2017). The investors using the same basic in investment (buy low, sell high) but they need to calculating the risks

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