scholarly journals IMPACT OF CURRENT ACCOUNT ON JORDANIAN PUBLIC BUDGET DEFICIT FOR THE PERIOD (1992-2016)

2020 ◽  
pp. 25-31
Author(s):  
Dr. Mazen Hasan Basha
Keyword(s):  
Current Account ◽  
Budget Deficit ◽  
Unit Root Test ◽  
Study Data ◽  
Public Budget ◽  
Causality Test ◽  
Significance Level ◽  
Sustainable Fiscal Policy ◽  
Relationship Of ◽  
The Impact

This study aims to measure the impact of current account (CA) on Jordanian public budget deficit (BD) for the period (1992-2016) . The econometrics model was built for purpose of measuring and analyzing the impact of current account on Jordanian public budget deficit. Before estimating the parameters of the econometrics model was used some tests to verify its validity, for example: Test Augment Dickey-Fuller (ADF) to verify that the unit root test problem for stationary of the time series, and use Johansen methodology to test the co-integration, and use the Granger causality Test, and the Vector Auto Regressive (VAR) was used to analyze the study data. The causality test showed that the causal relationship between the two variables is bi-directional, where the direction of the relationship of current account (CA) towards Jordanian public budget deficit (BD) and conversely. The study found that there exist a statistically significant impact for current account (CA) on Jordanian public budget deficit (BD) at the significance level (α = 0.05), and this result is considered compatible with the Jordanian economy. The study recommends that Jordan need to follow policy in order to improve the payments balance, such as increasing the Jordan's exports of goods or reducing the imports of luxury goods. KEYWORDS: Current account, Public budget deficit, Government spending, Trade balance, Sustainable fiscal policy.

scholarly journals Twin Deficit Hypothesis: A Case of Pakistan

2018 ◽  
Vol 2 (1) ◽  
pp. 71 ◽  
Author(s):  
Farrah Yasmin
Keyword(s):  
Granger Causality ◽  
Current Account ◽  
Budget Deficit ◽  
Time Series Data ◽  
Current Account Deficit ◽  
Impulse Response Function ◽  
Unit Root Test ◽  
Series Data ◽  
Causality Test ◽  
Adf Test

The prime motive of this study is to scrutinize the twin deficit for annual time series data over the period 1990-2010 for Pakistan. Twin deficit hypothesis expressed that an expansion in budget deficit will ground for rise in current account deficit. To diagnose affiliation amongst couple of variables, applied Unit root test (ADF-test), Johansen cointegration technique, Impulse response function and Granger causality test. The Granger causality demonstrate that the causality direction travel from current account deficit to budget deficit. When current account deficit occurs it leads to budget deficit. So the finding proves that there is a positive connection among both variables. Investigations are most reliable for Pakistan economy. Finally, this study confirms the rapport amid current account deficit and budget deficit.

Accounts Receivable: Payable Impact on Each Other with Special Reference to Financial Performance—A Study of Small Cap Companies

2020 ◽  
Vol 47 (4) ◽  
pp. 362-373
Author(s):  
Sangeeta Mittal ◽  
Monika
Keyword(s):  
Financial Performance ◽  
Trade Credit ◽  
Unit Root Test ◽  
Effective Management ◽  
Manufacturing Companies ◽  
Causality Test ◽  
Accounts Receivable ◽  
Accounts Payable ◽  
The Impact ◽  
Test Correlation

Trade credit is important as a funding source for companies having a liquidity shortage. Trade credit comprises of both accounts receivable and payable. The financial literature has discussed the impact of accounts receivable or payable on a company’s financial performance. However, there is a lack of studies on the effects of accounts receivable and payable on each other and further its effect on the financial performance of small-cap companies. Financial performance is determined using the profitability and value of the company. The researchers examined the financial performance implications of offering and receiving trade credit for a sample of 193 BSE small-cap manufacturing companies in India during the period 2011–2019. Granger causality test, Levin, Lin and Chu Unit root test, correlation and regression have been used for data analysis. The finding suggested that accounts receivable influenced the use of accounts payable. The aftermath of accounts payables is that it negatively and significantly affected the profitability and had an insignificant relationship with the value of the company. The result implies that effective management of accounts receivable can influence the application of accounts payable that improves a company’s profits and value. The current study is useful for SMEs’ managers in determining the financial performance and capital structure.

scholarly journals Impact of International Trade and Trade Duties on Current Account Balance of the Balance of Payment: A study of N-11 Countries

2020 ◽  
Vol 6 (1) ◽  
pp. 11-32
Author(s):  
Imtiaz Arif ◽  
Lubna Khan ◽  
Fatima Farooq ◽  
Tahir Suleman
Keyword(s):  
International Trade ◽  
Current Account ◽  
Current Account Deficit ◽  
Unit Root Test ◽  
Future Research ◽  
Current Account Balance ◽  
Test Panel ◽  
Causality Analysis ◽  
Integration Test ◽  
The Impact

This study is aimed to investigate the impact of international trade and trade duties upon the current account balance of the balance of payment of N-11 countries. Two constituents of each factor have been considered for the purpose of analysis. For International trade, import (IMPT) and export (EXPT) of goods and services have been considered whereas, for trade duties, taxes on international trade (TOIT) and customs and other import duties (CID) have been taken as the research variables whereas, current account balance (CAB) has been taken as the dependent variable. For the purpose of analysis panel data of N-11 countries for 27 years from 1990 to 2016 has been tested using different econometric technique such as Panel unit root test, Panel co-integration test, Hausman test, Panel regression analysis and Panel causality analysis. The results demonstrate that overall research variables are co-integrated and having long term relationship and affecting each other in the conventional manner. Notably, it is observed via results that in case of N-11 countries the CAB itself is the regulating factor and all other factors are adjusted according to the movement of CAB. The study provides recommendations for the rectification of current account deficit position and also provides scope for future research as well.

scholarly journals HINTERLAND MEDAN CITY BETWEEN BINJAI CITY: A GRAVITATION APPROACH

2019 ◽  
Vol 17 (1) ◽  
pp. 1
Author(s):  
Muhammad Nasir
Keyword(s):  
Impulse Response Function ◽  
Unit Root Test ◽  
Gravity Models ◽  
Causality Test ◽  
Hierarchical Relationship ◽  
Integration Test ◽  
Variable Population ◽  
Vecm Granger Causality ◽  
Relationship Of ◽  
The City

Regional economy explains that there is an urban hierarchical relationship, cities that have higher hierarchy will serve cities that are below it as well as cities that are in the hierarchy undersupplying cities that are in the hierarchy above them, so there is a gravitational relationship between the two. This study aims to determine the gravitational relationship of Medan city to the hinterland of the city of Binjai. Furthermore, this study also wants to explain its influence on economic growth in both cities. This analysis tools used are descriptive statistics, gravity models, unit root test, co-integration test, optimal lag, VECM, Granger causality test, impulse response function, and variance decomposition. The results showed that the city of Medan has a gravity style greater than the gravitational style of the city of Binjai. The VECM estimation results show that the gravitational variable in the city of Binjai in lag -1 and lag-2 has a positive and significant effect on the economy of Medan city. Then the economic variable of the city of Binjai itself in lag-1, the population of the city of Medan in lag-2 and the gravity of the city of Medan in lag-2 had a positive and significant effect on the economy of Binjai city. While the variable population of Binjai city in lag -1 and residents of the city of Medan in lag -1 negatively affected the economy of Binjai city.

The Impact of The Covid-19 Pandemic on Investor Risk Tendency: The Case of Turkey

2021 ◽  
Vol 15 (9) ◽  
pp. 3046-3049
Author(s):  
Abdulkadir Kaya
Keyword(s):  
Risk Perceptions ◽  
Time Series Data ◽  
Statistical Significance ◽  
Series Data ◽  
Causality Test ◽  
Significance Level ◽  
Risk Appetite ◽  
Central Registry ◽  
The Face ◽  
The Impact

Introduction and Aim: It is an important issue that what kind of changes occur in the risks that people face in the face of emerging problems and the role of people in possible pandemics in the last twenty years and in the future. The solution of the problems that arise in the control and management of these risks attracts the attention of many researchers. In this study, the causality effect of the COVID-19 pandemic on risk appetites representing the attitudes and behaviors of securities investors. Materials and Methods: In the study; To represent the pandemic, weekly time series data of the number of COVID-19 cases (COVID) and the Risk Appetite index (RISK) announced by the Central Registry Agency for the period 30.03.2019-30.08.2021 were used. In order to determine the causality relationship, the Hatemi-J Causality test was performed. Results: It was determined that the negative shocks of the COVID variable were a cause of the positive shocks of the RISK variable at a statistical significance level of 1%. Conclusion and Suggestions: The effect of the pandemic process on the investment decisions of the investors is reduced, with the expectation that the economy and financial markets will improve, positively affecting the behavior and risk perceptions of the investors, and this expectation causes the investment behavior and risk appetite to increase. can be expressed. Keywords: COVID-19, Risk appetite, Pandemic, Hatemi-J

The Impact of US Monetary Growth on Bitcoin Trading Volume in the Current Economic Uncertainty

2020 ◽  
pp. 493-509
Author(s):  
İsmail Canöz
Keyword(s):  
Causal Relationship ◽  
Trading Volume ◽  
Causal Effect ◽  
Study Data ◽  
Time Interval ◽  
Time Varying ◽  
Economic Uncertainty ◽  
Causality Test ◽  
Data Set ◽  
The Impact

This study examines the effect of US monetary growth on Bitcoin trading volume. To achieve this purpose, firstly, the symmetric causality test is used. Following this test, another symmetric causality test is used to reveal a time-varying causal effect between variables. The data set covers the period from July 2010 to July 2019. The results of the first symmetric causality test, which considers the time interval of the study data as a whole, show that there is no causal relationship between variables. According to the results of the second causality test, these support the previous results substantially. However, an interesting detail is the causal relationship between variables for the period between April 2019 and July 2019. The reason for this relationship could be that investors who are indecisive during the current economic uncertainty add Bitcoin to their portfolios in response to the Federal Reserve's decisions.

scholarly journals The Impact of Open Book Management on Achieving Differentiation in the Business Organization

2016 ◽  
Vol 6 (2) ◽  
pp. 223
Author(s):  
Hamzeh Al- Sha’ar
Keyword(s):  
Practical Experience ◽  
Study Data ◽  
Business Organization ◽  
Business Organizations ◽  
Open Book ◽  
Significance Level ◽  
National Bank ◽  
Study Population ◽  
The Impact ◽  
Organization Study

This study aimed to know the concept open Book management and differentiation in the organizations and studying the effect of the relation between open book administration and differentiation in the organization. Study population consisted of all the commercial banks in Jordan, while the study sample consisted of (30) mangers and division mangers in Cairo Amman Bank and the Kuwait National Bank. The questionnaire has been used as an instrument to collect the study data. The study reached a set of results including: there are roles with statistically significance at significance level (a≤0.05) for paying the wages and the incentives on achieving differentiation in the business organizations. There are differences open book management on differentiation in the organizations attribute to gender, scientific qualification and practical experience variables. 

Contribution of StockMarket Towards Economic Growth: An Empirical Study on Bangladesh Economy

2017 ◽  
Vol 13 (4) ◽  
pp. 238 ◽  
Author(s):  
Sonia Rezina ◽  
Nusrat Jahan ◽  
Mohitul Ameen Ahmed Mustafi
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Market Performance ◽  
Unit Root Test ◽  
Causality Test ◽  
Stock Market Development ◽  
Stock Market Performance ◽  
Augmented Dickey Fuller ◽  
Johansen Cointegration Test ◽  
The Impact

The economic growth of a country is influenced by many different factors. This study aims to investigate the causal relationship between stock market development and economic growth in Bangladesh as well as the impact of stock market performance upon the economic growth of Bangladesh. The stock market performance has been measured by market capitalization ratio, number of listed companies, total value traded and turnover ratio; and the economic growth was represented by real gross domestic product. The periods taken for study were from year 1994 to year 2015.The effect of the stock market reform will also be addressed to explain the relationship. The study has been conducted using Augmented Dickey- Fuller Unit Root Test, Johansen Cointegration Test and the Granger Causality Test. The findings of the research should help the policy makers and regulators to look after their interest in the financial sector of the country.

scholarly journals HINTERLAND MEDAN CITY BETWEEN BINJAI CITY: A GRAVITATION APPROACH

2019 ◽  
Vol 17 (1) ◽  
pp. 94
Author(s):  
Muhammad Nasir
Keyword(s):  
Confidence Level ◽  
Time Series Data ◽  
Impulse Response Function ◽  
Unit Root Test ◽  
Gravity Models ◽  
Series Data ◽  
Causality Test ◽  
Integration Test ◽  
Relationship Of ◽  
The City

Regional economy explains that there is an urban hierarchical relationship, cities that have higher hierarchy will serve cities that are below it as well as cities that are in hierarchy under supplying cities that are in the hierarchy above them, so there is a gravitational relationship between the two. This study aims to determine the gravitational relationship of Medan city to the hinterland of the city of Binjai. Furthermore, this study also wants to explain its influence on economic growth in both cities. This study uses time series data from 1990-2016, taken from North Sumatera BPS test equipment and analysis tools used are descriptive statistics, gravity models, unit root test, co-integration test, optimal lag, VECM, granger causality test, impulse response function and variance decomposition. The results showed that the city of Medan has a gravity style greater than the gravitational style of the city of Binjai. This is because the city of Medan has a larger area, population, income per capita compared to the city of Binjai. The VECM estimation results show that the gravitational variable in the city of Binjai in lag -1 and lag-2 has a positive and significant effect on the economy of Medan city with a confidence level of 95%. Then the economic variable of the city of Binjai itself in lag-1, the population of the city of Medan in lag-2 and the gravity of the city of Medan in lag-2 had a positive and significant effect on the economy of Binjai city with a confidence level of 95%. While the variable population of Binjai city in lag -1 and residents of the city of Medan in lag -1 negatively affected the economy of Binjai city with a confidence level of 95%.

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