scholarly journals Is world trade slowing down? New evidence on trade-income elasticity

2020 ◽  
pp. 13-13
Author(s):  
Amaia Altuzarra ◽  
Ricardo Bustillo ◽  
Carlos Rodríguez
Keyword(s):  
Income Elasticity ◽  
Trade Volume ◽  
Asian Countries ◽  
Correction Model ◽  
Slowing Down ◽  
The World Bank ◽  
Trade Elasticity ◽  
Using Data ◽  
New Evidence ◽  
Remarkable Reduction

This paper furthers and updates the research on the nature of the so-called global trade slowdown. Not only do we explain and discuss the determinants of this phenomenon, but we also offer an empirical description of the recent evolution of trade and trade elasticity. With the purpose of testing whether this is a structural phenomenon or not, we build an Error Correction Model for both world and regional data on trade and income using data from the World Bank for the period 1970-2017. World, OECD and Asian countries trade elasticity figures show a remarkable reduction after the hyperglobalization period (1986-2001), opposed to those of Latin America where trade volume has not stagnated so much. This slowdown might have major consequences for any country, but especially for those which have relied more intensively on trade as an engine for growth.

scholarly journals Urbanization, Public Finance and Carbon Intensity – Based on Panel Data and Error Correction Model

2016 ◽  
Vol 9 (1) ◽  
pp. 23
Author(s):  
Shih-Feng Tsai
Keyword(s):  
Emerging Economies ◽  
Carbon Emission ◽  
Carbon Intensity ◽  
Low Carbon ◽  
Correction Model ◽  
Low Carbon Economy ◽  
The World Bank ◽  
The World ◽  
World Development ◽  
Carbon Economy

<span lang="EN-US">Aiming at six big emerging economies in the world, namely, China, United States, United Kingdom, Germany, France and Japan, this paper analyzes their carbon emission conditions based on the data of carbon emission, energy consumption and economic development during 1970—2008 from the statistics in the World Development Index Database (WDI) of the World Bank, and carries out empirical analyses based on theories &amp; policies and driving factors of their low carbon economy. It is found that energy intensity, economic growth and urbanization progress exert more remarkable influences on carbon intensity, and the effect of carbon emission reduction depending on government fiancé is not sustainable. Thus, this paper is intended to explain that China needs more actively promoting green sustainable towns with its sustainable development, and developing urban low carbon industries and buildings for more civilized ecological towns.</span>

Income elasticity of overnight stays over seven decades

2018 ◽  
Vol 24 (8) ◽  
pp. 1015-1028 ◽  
Author(s):  
Martin Falk ◽  
Xiang Lin
Keyword(s):  
Purchasing Power Parity ◽  
Travel Demand ◽  
Income Elasticity ◽  
Power Parity ◽  
Income Elasticities ◽  
Long Run ◽  
The Stability ◽  
Overnight Stays ◽  
New Evidence ◽  
Specific Country

This article provides new evidence on the stability of the long-run income elasticity of tourism and travel demand by use of the recently developed smooth time-varying cointegration regression model. The estimations control for relative purchasing power parity of the source country and make use of a specific country dataset where domestic and foreign overnight stays are available over a longer period of time (Switzerland, 1934–2015). Results show that the income elasticity of foreign overnight stays peaks at approximately two in the early 1960s, drops to around one in the early 1980s and from then on remains stable until the end of the sample. Domestic income elasticity reaches its highest levels in the 1930s, then steadily falls towards one in the mid-1960s, and therefrom remains stable until 2015. Different phases in the tourism area life cycle might be a major explanatory factor for variation in income elasticities over time.

scholarly journals Corruption and Government Intervention on Bank Risk-Taking: Cases of Asian Countries

2018 ◽  
Vol 9 (2) ◽  
pp. 228-237
Author(s):  
Rizky Maulana Nurhidayat ◽  
Rofikoh Rokhim
Keyword(s):  
South Korea ◽  
Risk Taking ◽  
Government Intervention ◽  
The Other ◽  
Bank Risk ◽  
Asian Countries ◽  
Dummy Variables ◽  
Macroeconomic Variables ◽  
Using Data ◽  
The Impact

This paper aims to addresses the impact of corruption, anti-corruption commission, and government intervention on bank’s risk-taking using banks in Asian Countries such as  Indonesia, Malaysia, Thailand, and South of Korea during the period 1995-2016. This paper uses corruption variable, bank-specific variables, macroeconomic variables, dummy variables and interaction variable to estimate bank’s risk-taking variable. Using data from 76 banks in Indonesia, Malaysia, Thailand and South Korea over 21 years, this research finds consistent evidence that higher level of corruption and government intervention in crisis-situation will increase the risk-taking behaviour of banks. In the other hand, bank risk-taking behaviour minimized by the existence of anti-corruption commission. In addition, this paper also finds that government intervention amplifies corruption’s effect on bank’s risk-taking behaviour because of strong signs of moral hazard and weaknesses in the governance and supervision.

scholarly journals The Impact of the Interaction of Financial and Industrial Structure on Economic Growth – Evidence from China

2021 ◽  
Vol 251 ◽  
pp. 01101
Author(s):  
Yiqian Tan ◽  
Fan Jiang
Keyword(s):  
Economic Growth ◽  
Industrial Structure ◽  
Financial Structure ◽  
Growth Speed ◽  
Matching Effect ◽  
Industrial Upgrading ◽  
Slowing Down ◽  
Using Data ◽  
The Impact ◽  
The Relationship

In recent years, China’s economic growth speed has been slowing down, leading to the problems of overcapacity and unbalanced regional economic development, and the mismatch between industrial and financial structure is becoming intense. This paper, starting with the relationship among economic growth, industrial structure and financial structure, summarizes the research by the former scholars. On this basis, by using data of 31 provincial panel data in China from 2007 to 2016, the article aims to find out the relationship between the industrial structure and economic growth, the relationship between the financial structure and economic growth and the relationship between the interaction of financial and industrial structure and economic growth. Finally, the conclusions of this paper are obtained that the interaction between the financial structure and the industrial structure can promote the economic growth significantly. However, the matching effect of the financial structure and industrial structure in China has not been completely formed, and the industrial upgrading should be guided to be structurally reformed through the policy.

scholarly journals AN ANALYTICAL STUDY OF TOTAL FDI INFLOW, OUTFLOW AND NET FDI OF FIVE SOUTH ASIAN COUNTRIES OVER THE PERIOD 1992–2019

2021 ◽  
pp. 417-435
Author(s):  
Sushanta Kumar Tarai ◽  
Prof. Sudhakar Patra
Keyword(s):  
Sri Lanka ◽  
South Asian ◽  
Analytical Study ◽  
Time Series Data ◽  
Secondary Data ◽  
Series Data ◽  
Asian Countries ◽  
Causality Test ◽  
Development Indicators ◽  
The World Bank

This present research aims to analyze the total FDI inflow, outflow and net FDI of five South Asian countries over the period 1992–2019.This study is based on 28years Time series data taken from the World Bank Development Indicators. In order to compare the FDI inflow, outflow and net FDI inflow of India, Pakistan, Sri Lanka, Bangladesh, Nepal over the period 1992–2019,both descriptive and inferential statistical tools such as correlation test, paired t test, the familiar linear regression model, Granger-Causality test, percentage analysis and tables, are used for analysis, hypothesis testing and interpretation of data. This study used various secondary data. Economic development of the developing countries like India, Pakistan, Sri Lanka, Bangladesh, and Nepal largely rely on FDI. However, the study also reveals that in the last two decades, India received 23 times more FDI than Bangladesh, Pakistan, Sri Lanka and Nepal. For attracting more FDI, these nations require to create more congenial and favorable atmosphere towards the foreign investors. It is also concluded that the after implementing make in India campaign investing countries in total FDI inflow are increased. KEYWORDS: FDI inflow, FDI outflow, GDP growth.

Pengaruh Volume Perdagangan dan Retum terhadap Bid-Ask Spread

2007 ◽  
Vol 2 (2) ◽  
pp. 89
Author(s):  
Nico Yopida ◽  
Umi Murtini
Keyword(s):  
Stock Exchange ◽  
Trade Volume ◽  
Informational Asymmetry ◽  
Correction Model ◽  
Order Processing ◽  
Bid Ask Spread ◽  
Holding Cost ◽  
Inventory Holding ◽  
The Relationship

Bid ask spread is afunction of three components which are; order processing, inventory holding, and informational asymmetry. Although holding cost and infurmational asymmetry can not be directly obsertted and needs a specific measurement, these two costs are interesting to be examined. The present paper aims to observe empirical evidences about the relationship between trade and return as a holding cost meaurernent for bid-ask spread. The samples are drawn -fro* companies listed on Jakarta Stock Exchange (JSE and included in rneasurement factors of ILQ-45 fro* January 2004 until December 2004. Using Error Correction Model (ECM), the result shows that the relationship between a trade volume series, return, and bid-ask spread are not either relatively or absolutely having a long-term equilibrium.Keywords : Bid-ask spread, return, statianary, co-integration.

Economic Evaluations and Political Support in Authoritarian Countries

Asian Survey ◽  
2019 ◽  
Vol 59 (4) ◽  
pp. 738-768 ◽  
Author(s):  
Ray Ou-Yang ◽  
Yingnan Joseph Zhou
Keyword(s):  
Economic Voting ◽  
Political Support ◽  
Economic Evaluations ◽  
Asian Countries ◽  
Using Data

The economic voting literature argues that economics matters to democratic leaders. We argue that it matters to authoritarian leaders, too, and its influence is stronger there than it is in democratic countries. Using data on four Asian countries from the Asian Barometer Survey, we find substantial support for our theory.

scholarly journals An Econometric Model of the Market for New England Groundfish

1985 ◽  
Vol 14 (2) ◽  
pp. 128-143 ◽  
Author(s):  
Stephen R. Crutchfield
Keyword(s):  
New England ◽  
Economic Model ◽  
Income Elasticity ◽  
Econometric Model ◽  
Luxury Good ◽  
Domestic Industry ◽  
Elasticity Of Demand ◽  
Multi Level ◽  
Using Data ◽  
Income Elasticity Of Demand

This paper develops an economic model of the New England groundfish market. A multi-sector, multi-level econometric model is estimated using data from 1970 to 1982. The parameters of the estimated model are used to characterize consumer demand for groundfish and related products. Retail and exvessel demands for fresh and frozen groundfish fillets are found to be highly elastic. Fresh fillets especially show high income elasticity of demand, reflecting their status as a luxury good. Only a very small and statistically weak relationship was found between the prices of imported groundfish and domestic ex vessel prices indicating that proposals to assist the domestic industry via tariffs may be ineffectual.

scholarly journals Situation analysis of novel Coronavirus (2019-nCoV) cases in Nepal

2020 ◽  
Vol 1 (1) ◽  
pp. 9-14
Author(s):  
Kiran Paudel ◽  
Prashamsa Bhandari ◽  
Yadav Prasad Joshi
Keyword(s):  
South Asian ◽  
Case Fatality ◽  
Cumulative Number ◽  
The Novel ◽  
Asian Countries ◽  
Primary Case ◽  
The Status ◽  
Exponential Trend ◽  
Using Data ◽  
Novel Coronavirus

The Novel Coronavirus (2019-nCoV) is currently a major threat to global health in an unprecedented manner. The global pandemic of COVID-19 has affected 215 countries and territories including Nepal. Until 1st June 2020, altogether 1,811 COVID-19 positive cases were diagnosed using RT-PCR. This study aimed to analyze the status of COVID-19 cases in Nepal and South Asian countries. A retrospective study from 23rd January to 1st June 2020 was conducted using data of the Ministry of Home Affairs, Nepal and Worldometer homepages. The primary case records during the pre and post lockdown periods were examined. Spatial distribution was observed. An exponential trend line was plotted and COVID-19 situation in South Asian countries was assessed. Of 1,811 COVID-19 cases, the highest number (38.3%) was reported in Province 2. Out of 77 districts, 59 were affected. In Fifty-eight districts, primary cases appeared during the lockdown period. The cumulative number of COVID-19 cases showed the exponential pattern of distribution in Nepal. In South Asian countries, India had the highest number of cases and case fatality rate (CFR). There were no cases of CFR in Bhutan. The Novel Coronavirus emergence in Nepal has become a serious challenge to the various sectors including public health. The emergence of primary cases even in the lockdown period needs a detailed study in the future.

Institutional anomie and justification of morally dubious behavior and violence cross-nationally: A multilevel examination

2018 ◽  
Vol 52 (2) ◽  
pp. 250-271 ◽  
Author(s):  
Rena C Zito
Keyword(s):  
World Bank ◽  
National Level ◽  
Financial Hardship ◽  
World Values Survey ◽  
Institutional Anomie Theory ◽  
The World Bank ◽  
Anomie Theory ◽  
Cultural Systems ◽  
The World ◽  
Using Data

This study draws on insights from institutional anomie theory to examine justification of morally dubious behavior and violence cross-nationally. Further, it builds on a burgeoning body of multilevel institutional anomie theory and research on crime-relevant attitudes by considering whether and how individual financial hardship intersects with anomic structural and cultural systems at the national level, acknowledging that individual responses to anomie may be contingent upon experiences with such hardships. Results from multilevel modeling using data from 74,930 World Values Survey respondents in 52 nations, the World Bank, and other organizations provide partial support for the hypotheses. Specifically, conditions of “want amid plenty,” (Bjerregaard & Cochran, 2008a, p. 183) weakened family and education institutions, and monetary fetishism predict justifications cross-nationally. Moreover, economic inequality and individualism moderate the effect of financial hardship on justifications of morally dubious actions and violence, consistent with expectations.

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