scholarly journals Estimation of Indonesia Wooden Furniture Export Demand Function

2021 ◽  
Vol 9 (3) ◽  
pp. 357-367
Author(s):  
Hanna Sri Meiliani Uli Simangunsong ◽  
Bintang Charles Hamonangan Simangunsong ◽  
Elisa Ganda Togu Manurung

The export value of Indonesia’s wooden furniture was sharply decreased by about 31.9% over the period in 2007-2018. On the other hand, global wooden furniture export was increased by 5.8% during the same period. Understanding the behavior of the demand side of Indonesia’s wooden furniture exports that is reflected by its relative price and income elasticities is needed for the policy development of Indonesia’s wooden furniture industry in the future. The objective of this study was to estimate the export demand function of Indonesia wooden furniture using a panel data regression model. Three types of panel data models, such as pooled ordinary least squares model, fixed-effects model, and random effects model, were investigated. The results showed that the export demand function of Indonesia wooden furniture could be well estimated using the fixed effects model. Relative price elasticity and income elasticity were -0.45 and 0.8, respectively. The adjusted R2 value obtained was 0.99. Keywords: export demand function, panel data regression, wooden furniture

2021 ◽  
Vol 8 (2) ◽  
pp. 223-233
Author(s):  
Kusuma Indawati Halim

This study aims to examine the impact of Financial Distress, Audit Committee, and Firm Size on The Integrity of Financial Statements. The integrity of financial statements can reflect the company's financial performance. The research sample obtained were based on purposive sampling technique, is including 32 consumer goods industry sectors firms listed in Indonesian Stock Exchange over the period of 2013-2017. Sources of research data are annual reports. Data analysis used descriptive statistics, classic assumption tests, estimation models, and panel data regression analysis. The panel data regressions analysis was the methodology employed for verifying the factors that may influence the integrity of financial statements. Based on the results of the Chow test and the Hausman test, the appropriate panel data regression model to be used for this study is the fixed effects model. This study provides empirical evidence that financial distress is negatively associated with the the integrity of financial statements, while audit committee and company size have positive effect on the the integrity of financial statements. Keywords: Financial Distress, Audit Committee, Firm Size, Integrity of Financial Statements.


Author(s):  
Laura Magazzini ◽  
Randolph Luca Bruno ◽  
Marco Stampini

In this article, we describe the xtfesing command. The command implements a generalized method of moments estimator that allows exploiting singleton information in fixed-effects panel-data regression as in Bruno, Magazzini, and Stampini (2020, Economics Letters 186: Article 108519).


2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Muhammad Anif Afandi ◽  
Muhammad Amin

Islamic banking industry shows a reasonably good development, one of which is marked by an increase in service coverage in almost all provinces in Indonesia. However, the question is how far Islamic banking capable of contributing to the improvement of Indonesia's economic growth? The purpose of this research is to examine the role of Islamic banking in promoting inclusive economic growth with a sample of 33 provinces in Indonesia. The method used in this research is panel data regression using the fixed effects model. The results show that Islamic bank financing does not have an impact on Indonesia's economic growth. In other words, the results of the research provide information that the existence of Islamic banking in Indonesia has not yet give a significant impact on the welfare of Indonesian society


2020 ◽  
pp. 097215092092613
Author(s):  
Robin Thomas ◽  
Shailesh Singh Thakur

This article attempts to examine the effect of non-performing assets (NPA) on behaviour of banks in India. The objectives of this article is to test if lending choices of Indian Banks demonstrate moral hazard and to test whether an increase in NPA ratio of banks raises riskier bank lending. We employ a threshold panel data regression model on a data set retrieved from the Reserve bank of India, which covered 45 commercial banks during the period 2009–2015, to test if lending choices of Indian banks demonstrate moral hazard. The results establish that the moral hazard hypothesis does not hold true for the given sample of India Banks, suggesting that an increase in the NPA ratio does not potentially increase riskier lending in sample banks. We find empirical evidence for the notion that ‘too-big-to-fail’ banks possibly have certain incentives to take higher risks and thus have higher NPA ratios. Graphical approach to NPA threshold explanation reveals presence of threshold; however, it could not be statistically established. Future implications of findings are evaluated. The study seminally adds to the empirical literature on use of fixed effects threshold panel data regression model in the context of Indian banks.


Author(s):  
Alina Vysochyna ◽  
Olena Kryklii ◽  
Mariia Minchenko ◽  
Aygun Akbar Aliyeva ◽  
Kateryna Demchuk

This article generalizes arguments and counterarguments within the scientific discussion regarding the determination of the influence of illegal economic activity and expansion of the shadow economy on innovative country development. The systematization of the scientific works on the above problems proves that there is no one no complexity and unity in the above-mentioned scientific findings, which, in turn, demonstrates the necessity of further theoretical and empirical search in this sphere. Thus, it was developed a scientific hypothesis about the negative influence of the shadow economy on innovative country development. In order to test this hypothesis it was developed a scientific and methodological approach that consists of several stages: 1) correlation analysis in order to eliminate multicollinearity problem between control variables; 2) analysis of dataset descriptive statistics; 3) running Hausman test in order to clarify specification of the regression model (fixed or random effects model); 4) realization of the panel data regression analysis for the whole country sample and separately for Ukraine, characteristics of its results. Technically all stages of the research are realized with the help of Stata 12/S.E. software. The country sample consists of 9 countries (Azerbaijan, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, Slovenia, and Ukraine). Time horizon – 2008-2018. Running of the panel data regression analysis (model specification – with fixed effects) allow confirming research hypothesis for the whole country sample (an increase of shadow economy negatively affected innovative country development: an increase of shadow economy to GDP ratio in 1 % leads to the decrease of the Global Innovation Index in 0.5 points). However, it was not proved for Ukraine separately. It leads to the conclusion that innovative development in Ukraine does not highly dependent on the shadow economy scale because of more significant obstacles on the way to innovation adoption (institutional inefficiency, regulatory drawbacks, etc.). Keywords: innovative economic growth, innovative state management, panel data analysis, shadow economy.


2016 ◽  
Vol 50 (6) ◽  
pp. 551-559 ◽  
Author(s):  
Angelo Giuseppe Roncalli ◽  
Aubrey Sheiham ◽  
Georgios Tsakos ◽  
Georgia Costa de Araújo-Souza ◽  
Richard G. Watt

Dental caries levels have declined in children since the 1970s in many countries. Most of the postulated main reasons for the decline are speculative and have not been rigorously evaluated. The objective of this study was to assess the relationship between some social factors and the decline in dental caries in Brazilian 12-year-old children from 1996 to 2010. Secondary analysis of national data was performed in 27 Brazilian state capitals. A panel data regression model with fixed effects and multiple linear regression were used to verify the relationship between the explanatory and the dependent variables and also the time-trend effect. The results showed that the DMFT (decayed, missing, and filled teeth) decreased by about 3% per year, and the percentage of caries-free children increased by 4.5% per year. For DMFT and percentage caries free, the results for the panel data regression showed a significant association for the Human Development Index (HDI) in the adjusted model (p = 0.010). When the overall changes over time were compared, the Gini index had a significant association with the overall change in DMFT in the final model of the multiple regression analysis (p = 0.033). Our results indicate that the maintenance of good levels of human development, which includes better education, income, and longevity, are important factors relating to improving levels of oral health in 12-year-old Brazilian children. However, to accelerate this process in cities with the worst caries situation, income inequality should be tackled.


2019 ◽  
Vol 8 (2) ◽  
pp. 220-232
Author(s):  
Siska Alvitiani ◽  
Hasbi Yasin ◽  
Mochammad Abdul Mukid

Based on data from the Central Statistics Agency, Central Java has 4,20 million people (12,23%) poor population in 2017 with Rp333.224,00 per capita per month poverty line. So, Central Java has got the second rank after East Java as the province which has the highest poor population in indonesia in 2017. In this research use the fixed effects spatial durbin model method for modeling poor population in each city in Central Java at 2014-2017. The spatial durbin model is a spatial regression model which contains a spatial dependence on dependent variable and independent variable. If the spatial dependence on dependent variable or independent variables is ignored, the resulting coefficient estimator will be biased and inconsistent. The fixed effect is one of the panel data regression models which assumes a different intercept value at each observation but fixed at each time, and slope coefficient is constant. The advantage of using fixed effects in spatial panel data regression is able to know the different characteristics in each region. The dependent variable used is poor population in each city in Central Java, and the independent variable is Minimum Wage, Life Expectancy, School Participation Rate 16-18 Years, Expected Years of Schooling, Total Population, and Per Capita Expenditure. The results of the analysis shows that the fixed effects spatial durbin model is significant and can be used. The variables that significantly affect the model are the Life Expectancy and Expected Years of Schooling, and the coefficient of determination (R2) is 99.95%. Keywords: Poverty, Spatial, Panel Data, Fixed Effects Spatial Durbin Model


2019 ◽  
Vol 8 (1) ◽  
pp. 65-77 ◽  
Author(s):  
Narinder Pal Singh ◽  
Mahima Bagga

One of the most perplexing issues faced by finance managers is to know about the effect of capital structure on the profitability of firm. Many studies have been carried out to examine the effect of capital structure on the profitability of firms, but most of them belong to other parts of the world, and only few studies have been conducted in India. Thus, the present study has been undertaken to evaluate the effect of capital structure on the profitability of Nifty 50 companies listed on National Stock Exchange of India from 2008 – 2017. The data has been analyzed by using descriptive statistics, correlation and multiple panel data regression models. Four different regression models have been used to study the relationship between capital structure and profitability. In these models, we study the individual effect of total debt and total equity ratios on profitability, that is, ROA and ROE. All four models have been tested with pooled OLS, fixed effects, and random effects. We conclude that there is significant positive impact of capital structure on firm’s profitability.


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