scholarly journals The Impact of Service Liberalization on Manufacturing Productivity in Indonesia

2021 ◽  
Vol 19 (1) ◽  
pp. 1-16
Author(s):  
Wulan Oktabriyantina ◽  
Maddaremmeng Andi Panennungi
Keyword(s):  
Instrumental Variables ◽  
Service Sector ◽  
Positive Impact ◽  
Fixed Effect Model ◽  
Service Market ◽  
Firm Level ◽  
Effect Model ◽  
Level Data ◽  
Manufacturing Productivity ◽  
The Impact

This study examined the impact of service liberalization on manufacturing productivity firms in Indonesia through mode three (commercial presence) during 2006–2014. It used firm-level data sourced from the manufacturing census published by the Indonesian Bureau of Statistic (BPS). To address the problem of endogeneity in service reform, this research uses an Instrumental Variables (IV) estimation of the fixed-effect model variety and utilized two types of data (FDI and STRI OECD) to compare the result. The findings show that service liberalization in Indonesia has a positive impact on manufacturing productivity at the firm level. Furthermore, this study estimates each service sector (e.g., electricity, gas, and water; construction; transportation, warehouse, and telecommunication), the results indicated that each service had a significant impact on improving firm performance. This research suggests that reducing restrictions on the service market will improve manufacturing productivity.

The Impact of the Credit Channel on Macroeconomic Variables and Bank Characteristics in the Brazilian Economy from 2009 to 2018

2021 ◽  
Vol 40 (1) ◽  
Author(s):  
Mohammad Farajnezhad
Keyword(s):  
Monetary Policy ◽  
Fixed Effect Model ◽  
Credit Channel ◽  
Macroeconomic Variables ◽  
Brics Countries ◽  
Effect Model ◽  
Level Data ◽  
Monetary Policy Transmission Mechanism ◽  
The Interest Rate ◽  
The Impact

This article uses commercial bank-level data to examine a credit channel of the monetary policy transmission mechanism in the Brazilian economy from BRICS countries.  Static panel data with a fixed-effect model are used for data analysis. Using a sample of 212 commercial banks from 2009 to 2018. According to the findings of this study, there is a significant and positive relationship between macroeconomic variables that affect the interest rate and GDP with the loan amount, but not with the inflation rate. Also, it is reasonable to conclude that banks in Brazil react to monetary policy in a variety of ways.

THE IMPACT OF FISCAL DECENTRALIZATION ON TAX EFFORT OF CHINA'S LOCAL GOVERNMENTS AFTER THE TAX SHARING SYSTEM

2012 ◽  
Vol 57 (01) ◽  
pp. 1250005 ◽  
Author(s):  
JR-TSUNG HUANG ◽  
KUANG-TA LO ◽  
PO-WEN SHE
Keyword(s):  
Local Governments ◽  
Fiscal Decentralization ◽  
Positive Impact ◽  
Trade Openness ◽  
Fixed Effect Model ◽  
Positive Influence ◽  
Tax Effort ◽  
Effect Model ◽  
Tax Sharing ◽  
The Impact

The purpose of this study is to investigate whether and to what extent fiscal decentralization affects tax effort of local governments in China after the Tax Sharing System (TSS). This research provides different indexes of tax effort and fiscal decentralization in analysis. By using the panel data of 31 regions in China during the period of 1996–2006 and the two-way fixed-effect model, the empirical results show that fiscal decentralization has a significantly positive impact on tax effort of local governments. In addition, this positive influence of fiscal decentralization on tax effort increases over time. Finally, trade openness and industrialization level also will enhance the local government's tax effort.

scholarly journals Temporary Employment, Demand Volatility, and Unions: Firm-Level Evidence

ILR Review ◽  
2017 ◽  
Vol 71 (1) ◽  
pp. 174-207 ◽  
Author(s):  
Francesco Devicienti ◽  
Paolo Naticchioni ◽  
Andrea Ricci
Keyword(s):  
Positive Impact ◽  
Temporary Employment ◽  
Temporary Workers ◽  
Firm Level ◽  
Temporary Contracts ◽  
Level Data ◽  
Demand Volatility ◽  
Italian Firm ◽  
The Impact

This article investigates the effect of workplace unionization and product market volatility on firms’ propensity to use temporary employment. Using Italian firm-level data, the authors show that volatility has a positive impact on the share of temporary contracts. The baseline estimates for the impact of unions are inconclusive, but a clear pattern emerges when a specification including an interaction term with volatility is used. This approach allows a richer characterization of the impact of workplace unionization, which is positive for low levels of volatility and negative for high levels. The authors discuss various direct and indirect mechanisms to explain this novel finding. Furthermore, they find that these effects hold only for cases in which the employer does not provide training for temporary workers, whereas temporary contracts with training provisions are not affected by unions, volatility, and their interplay.

scholarly journals Exchange Rate, Terms of Trade and Employment Nexus: Evidence From Turkey

2020 ◽  
Author(s):  
Muhammad Salah Uddin ◽  
Mahadi Hasan ◽  
Zobayer Ahmed
Keyword(s):  
Exchange Rate ◽  
Real Wage ◽  
Positive Impact ◽  
Fixed Effect Model ◽  
Terms Of Trade ◽  
Fixed Effect ◽  
Moderate Increase ◽  
Real Wages ◽  
Effect Model ◽  
The Impact

Abstract The objective of this study is to analyze the impact of the real exchange rate (RER) on employment, and real wage using quarterly disaggregated data (ISIC Rev 4 classification) composed of 19 industries in Turkey from 2010 to 2017. In our study, we employed the Fixed Effect Model, where industry-specific effects are used to control heterogeneity within the sectors. Moreover, robustness is applied to get rid of the heteroscedasticity in the error terms. Our results find that the currency appreciation has a negative, however insignificant effect on employment; whereas it has a significant positive impact on real wage. Generally, the terms of trade has no remarkable impact on employment and real wages; however, the larger industries have a substantial adverse impact on employment. Nevertheless, the interaction between currency appreciation and the top 25 per cent larger industries indicates a moderate increase in employment. The findings reflect that the appreciation of the domestic currency decreases employment at the industry level. The originality of this paper includes the effects of the terms of trade and interaction with currency appreciation in larger industries using Fixed Effect Model approach.

scholarly journals IMPACT OF MACROECONOMIC FACTORS ON FOREIGN DIRECT INVESTMENT IN SELECTED SOUTHEASTERN EUROPEAN COUNTRIES

TEME ◽  
2019 ◽  
pp. 1237 ◽  
Author(s):  
Jelena Andrašić ◽  
Vera Mirović ◽  
Branimir Kalaš
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Fixed Effect Model ◽  
European Countries ◽  
Market Size ◽  
Macroeconomic Factors ◽  
Effect Model ◽  
The Impact

Foreign direct investment has a significant role in Southeastern European countries. The aim of the paper is reflected in assessing the character and nature of the relationship between macroeconomic factors and foreign direct investment in Southeastern European countries. Further, the subject of paper includes the examination of the impact of selected macroeconomic variables on foreign direct investment in six countries for the period from 2000 to 2012. The selected countries are Albania, Bosnia and Herzegovina, Bulgaria, Macedonia, Romania and Serbia. The research includes an examination impact of market size, national competitiveness and employment on foreign direct investment. By using the Hausman test, it was confirmed that the fixed effect model is an appropriate model in panel analysis. Based on the result, it determined the positive impact of market size, while the industry's share of GDP and employment have a negative impact on this variable. Also, the results confirmed that only the market size of the countries significantly affected on the flow of foreign direct investment in Southeastern European countries.

scholarly journals THE IMPACT OF THE INDONESIAN TAX ADMINISTRATION REFORM ON TAX COMPLIANCE AND TAX REVENUE

2019 ◽  
Vol 27 (1) ◽  
pp. 1-24
Author(s):  
I Wayan Agus Eka
Keyword(s):  
Tax Compliance ◽  
Fixed Effect Model ◽  
Policy Implications ◽  
Tax Revenue ◽  
Tax Administration ◽  
Effect Model ◽  
Level Data ◽  
Directorate General ◽  
Input Side ◽  
The Impact

This study investigated the impact of the Indonesian tax administration reform on tax compliance and tax revenue. I used merged provincial-level data obtained from two main sources: Directorate General of Taxes (DGT) and Indonesia Statistic, and I applied multiple regressions with a fixed-effect model. I find that individual taxpayer compliance was positively affected by the tax administration reform. Tax revenue, however, was negatively affected by the tax administration reform due to DGT’s productivity problem meaning that tax potency variables did not affect tax revenue after the tax administration reform was completed. The findings identify several areas for improvements and suggest several policy implications. First, improving administration in Small Taxpayer Office (STO) especially for individual taxpayers is needed. Second, tax revenue strategy focusing on individual taxpayers is needed to materialize improvement in individual taxpayer compliance into tax revenue. Third, problem in productivity suggests that DGT should improve its input side by improving law enforcement, widening delegated authority, and increasing budget allocation.

scholarly journals The Relationship Between Farm Size And Productivity In Slovakia

2015 ◽  
Vol 4 (2) ◽  
pp. 46-50 ◽  
Author(s):  
Jana Ladvenicová ◽  
Silvia Miklovičová
Keyword(s):  
Positive Impact ◽  
Returns To Scale ◽  
Fixed Effect Model ◽  
Least Square ◽  
Farm Size ◽  
Ordinary Least Square ◽  
Effect Model ◽  
Regression Framework ◽  
The Impact ◽  
The Relationship

Abstract The paper investigates the relationship between farm size and productivity on chosen sample of companies in Slovakia. The impact of farm size in hectares and credits per hectare in euro on the production per hectare are analysed. The ordinary least square (OLS) and fixed effect model (FEM) regression framework confirms the inverse relationship between farm size and productivity. Credits per hectare have positive impact on productivity of farms. The results of the models show increasing returns to scale in Slovak farms.

scholarly journals The Impact of Economic Growth and Unemployment Rate on Poverty in Sulawesi

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Roflan R Badu ◽  
Syarwani Canon ◽  
Fitri Hadi Yulia Akib
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Unemployment Rate ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Secondary Data ◽  
Fixed Effect Model ◽  
Poverty Rate ◽  
Effect Model ◽  
The Impact

This research aims to analyze several fators that may impact the provincial poverty rate in Sulawesi. Several factors considered in this research is the economic growth (growth of Gross Regional Domestic Product) and Unemployment Rate. This research uses secondary data from Central Statistics Bureau (Badan Pusat Statistik, BPS). This research uses panel data analysis on six provinces in Sulawesi during 2010-2017. This research uses Fixed Effect Model (FEM). Based on the results, it is found that economic growth and unemployment rate has significant and positive impact on poverty rate in Sulawesi. Keywords: Economic Growth; Unemployment Rate; Poverty.

scholarly journals BUSINESS UNCERTAINTY AND THE EFFECTIVENESS OF FISCAL POLICY IN GERMANY

2017 ◽  
Vol 23 (4) ◽  
pp. 1442-1470 ◽  
Author(s):  
Tim Oliver Berg
Keyword(s):  
Fiscal Policy ◽  
Positive Impact ◽  
Structural Vector Autoregression ◽  
Business Climate ◽  
Firm Level ◽  
State Dependent ◽  
Long Run ◽  
Level Data ◽  
Short Run ◽  
The Impact

There are suggestions that increased uncertainty makes fiscal policy temporarily less effective. In this paper, I examine the relationship between business uncertainty and fiscal policy effectiveness in Germany. I use measures of business uncertainty that are derived from the firm-level data of the Ifo Business Climate Survey and interact them with the parameters of a structural vector autoregression to produce state-dependent spending multipliers. The impact of increased uncertainty on the spending multiplier is generally small and often statistically not significant in the short run. By contrast, I obtain a significant positive impact on the long-run multiplier. These baseline results are supported by a variety of robustness checks and specifications.

scholarly journals Bank concentration and SME financing availability: the impact of promotion of financial inclusion in China

2020 ◽  
Vol 38 (6) ◽  
pp. 1329-1349
Author(s):  
Zhiqiang Lu ◽  
Junjie Wu ◽  
Jia Liu
Keyword(s):  
Positive Impact ◽  
Substitution Effect ◽  
Financial Inclusion ◽  
Firm Level ◽  
Content Type ◽  
Level Data ◽  
The Impact ◽  
The Relationship ◽  
Bank Concentration ◽  
Sme Financing

PurposeThe promotion of financial inclusion can disturb the composition of traditional bank concentration and change the relationship between bank concentration and the availability of small and medium-sized enterprise (SME) financing. This paper concentrates on a less frequently explored area of research by examining the relationships between bank concentration, financial inclusion and SME financing availability respectively, and the interaction between bank concentration and financial inclusion after the implementation of a financial inclusion strategy in China.Design/methodology/approachUsing firm-level data from 1,509 listed SMEs in China from 2007 to 2017 and applying rigorous analyses, we identify how bank concentration affects SME financing availability under the promotion of financial inclusion and also the mechanisms involved.FindingsWe find that bank concentration and financial inclusion respectively have positive impacts on the credit available to listed SMEs, indicating that the promotion of financial inclusion in China has reached a new high watermark. The positive impact of bank concentration is reduced when the level of financial inclusion is high. Conversely, a higher level of financial inclusion favours SME credit availability at only a low degree of bank concentration. Our findings suggest that financial inclusion has a substitution effect on bank concentration and has enabled us to add new interpretations to relevant theories; namely, the Market Power and Information Theories respectively.Originality/valueThis study provides new insights into the relationship between bank concentration and SME finance availability under the promotion of financial inclusion.

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