scholarly journals Analysis of Ziswaf, Production Index and Sharia Stock Index on Economic Growth

2019 ◽  
Vol 1 (2) ◽  
pp. 221-242
Author(s):  
Purbawati Setyaningsih ◽  
Roikhan Mochamad Aziz ◽  
Puji Hadiyati
Keyword(s):  
Economic Growth ◽  
Stock Index ◽  
Economic Activities ◽  
Negative Effects ◽  
Short Term ◽  
Production Index ◽  
Positive Effects ◽  
Term Model ◽  
Long Run

This study analyzes the influence ZISWAF, Gini ratio, the total export value, the index of industrial production, sharia stock index investment to GDP growth, in the short and long term. Qualitative data were taken from BPS, Baznas, ACT Global Waqf, the FSA from March 2006 until December 2017 using the methodology of The Error Correction Model (ECM). The results of this study indicate that the variable Gini Ratio, Ziswaf, Total exports, Production Index and Sharia Stock Index on GDP economic growth have significant and positive effects in the long term and the short term. Meaning that these variables have a relationship with GDP economic growth. If the variable decreases or slows down-then GDP economic growth also. While total exports have insignificant effects and negative effects on GDP economic growth. The R-square regression value of the long-term model produces a proportion of 96 percent, the short-term model produces a proportion of 97 percent. Both in the long-run and short-run models, the highest coefficient value is the value of the Gini ratio with 4.941522 and 0.348043. All positive coefficients, Gini ratio variables, ziswaf and production index have a significant effect on gdp, total exports and sharia stock indexes do not have a significant effect on gdp both in the long and short-term models. It implies in the future, fiscal economic policy makers to economic growth that opened a lot of employment, by encouraging resource based economic activities of Indonesia's largest export-oriented agriculture and mining. Good Corporate goverment should do so gini ratio of the areas surrounding the economy improved and people kesejahtaeraan increase.

scholarly journals The impacts of public investment on private investment and economic growth

2018 ◽  
Vol 25 (1) ◽  
pp. 15-32 ◽  
Author(s):  
Canh Thi Nguyen ◽  
Lua Thi Trinh
Keyword(s):  
Economic Growth ◽  
Public Investment ◽  
Private Investment ◽  
Short Term ◽  
Content Type ◽  
State Sector ◽  
Positive Effects ◽  
Long Run ◽  
Short And Long Term

Purpose The purpose of this paper is to assess both short and long-term influences of public investment on economic growth and test the hypothesis that whether public investment promotes or demotes private investment in Vietnam. Design/methodology/approach The authors use the approach of autoregressive distributed lag model and Vietnam’s macro data in the period of 1990-2016, to evaluate the short and long-term effects of public investment on economic growth and private investment. The model evaluates the impact of public investment on economic growth and private investment based on the neoclassical theories. The public investment which strongly affects economic growth is also reflected by aggregate supply and demand. Public investment directly impacts aggregate demand as a government expenditure and aggregate supply as a production function (capital factor). Findings The results from this research indicate that public investment in Vietnam in the past period does affect economic growth in the pattern of an inverted-U shape as of Barro (1990), with positive effects mostly occurring from the second year and negative effects of constraining long-term growth. Meanwhile, investment from the private sector, state-owned enterprises, and FDI has positive effects on short-term economic growth and state-owned capital stock has positive impacts on economic growth in both the short and long run. The estimated influence of public investment on private investment also shows a similar inverted-U shape in which public investment have crowding-in private investment short-term but crowding-out in the long run. Practical implications The empirical findings in this study can be used for conducting a more efficient policy in restructuring the state sector investment in Vietnam. Originality/value The main contributions in this study are: to evaluate the impacts of public investment on economic growth and private investment, the authors extracted public investment in infrastructure from aggregate investment of state sector (as previous studies used); the authors also uses state-owned capital stock variable including cumulative public investment and state-owned enterprises investment suggesting that this could control for the different orders of integration between the stock and flow variable and improve the experimental characteristics of the equation to a higher degree.

scholarly journals Multi-Factor Crime in Malaysia, 1980 – 2013: Bounds Testing of Level Relationships and Granger Non-Causality Analysis

2018 ◽  
Vol 3 (2) ◽  
pp. 55
Author(s):  
Dullah Mulok ◽  
Mori Kogid ◽  
Rozilee Asid ◽  
Jaratin Lily
Keyword(s):  
Economic Growth ◽  
Causality Analysis ◽  
Bounds Testing ◽  
Negative Effects ◽  
Macroeconomic Factors ◽  
Factors Affecting ◽  
Positive Effects ◽  
Long Run ◽  
Short Run

This study examines the relationship between criminal activities and the multi-macroeconomic factors of economic growth, unemployment, poverty, population and inflation in Malaysia from 1980 to 2013. The ARDL bounds testing of the level relationship was used to establish the long-run relation, and the Toda-Yamamoto Augmented VAR approach was used to test the short-run impact based on partial Granger non-causality analysis. Empirical results suggest that economic growth, inflation, poverty and population are significant factors affecting criminal activities in Malaysia with economic growth and poverty recording positive effects, whereas negative effects were recorded for inflation and population in the long-term. Further investigation using Granger non-causality analysis revealed that only population does Granger caused the criminal activities in the short-run. The findings provide useful information for policymakers to strengthen the existing crime-related policies in order to improve safety and security while maintaining economic sustainability in Malaysia.

Determination Of State Economic Activities - Developing Countries In East Asia & Pacific Using Classical Approaches

2020 ◽  
Author(s):  
Muhammad Khoirul Fuddin
Keyword(s):  
Economic Growth ◽  
Human Resources ◽  
East Asia ◽  
Foreign Investment ◽  
Economic Activities ◽  
Short Term ◽  
Long Run ◽  
The Pacific ◽  
Productive Land

Abstract Countries in East Asia and the Pacific region are potential countries with fairly strong economic growth rates amid slowing global economic growth. One contributing factor to economic growth in East Asia and the Pacific can be seen using a classical approach where economic growth is seen from capital, natural resources, incoming foreign investment and the use of technology. This research wants to see how big these factors are in influencing the economic activities of developing countries in East Asia and the Pacific. The methodology used in this study is to use a Vector Error Correction Model by focusing on the impulse response function and variance decomposition to see the response of several variables due to changes in other variables and to see how much the proportion of one variable affects other variables in the short term or long term. In the short term, incoming foreign investment and technology affect productive land while in the long run productive land is influenced by incoming foreign investment and human resources. In the short term, GDP is not affected by any variable, whereas in the long term GDP is affected by human resources, incoming foreign investment, and technology. In the long run, human resources are affected by incoming foreign investment. Foreign investment that enters in the short term is influenced by productive land and human resources, whereas in the long run, only human resources can directly influence foreign investment. Technology in the short term is influenced by productive land and incoming foreign investment while in the long run technology is influenced by incoming foreign investment and human resources. The economic growth reflected in GDP and productive land contained in East Asia and the Pacific was largely influenced by technology in the final period. Incoming foreign investment and technology are largely influenced by productive land. Whereas the human resources found in East Asia and the Pacific are mostly influenced by GDP.

scholarly journals Short-term and long-term international scientific mobility of Italian PhDs: An analysis by gender

2021 ◽  
pp. 35-40
Author(s):  
Valentina Tocchioni ◽  
Alessandra Petrucci ◽  
Alessandra Minello
Keyword(s):  
Multinomial Logistic Regression ◽  
Early Career ◽  
International Mobility ◽  
Short Term ◽  
Host Countries ◽  
Academic Mobility ◽  
Positive Effects ◽  
Long Run ◽  
The Brain

In the last years, there has been a large increase in high-educated and high-skilled people’s mobility as a consequence of the internationalization and globalization, the weakening of research and university systems of sending countries (the “brain drain” process), the increase in skilled demand and improvements in higher education of host countries (the “brain gain” process). At the micro-level, academic mobility has positive consequences on occupational prospects and careers of researchers, both in the short- and long- run. Nevertheless, numerous research studies have demonstrated the challenges of engaging in international academic mobility for people with caring responsibilities, particularly women. Using Italian data on occupational conditions of PhDs collected in 2018 by Istat and modelling multinomial logistic regression analyses, we intend to verify if female researchers are associated with a lower international mobility irrespective their field of study, and the extent to which gender interacts differently in the various fields of study in affecting the probability of moving abroad after PhD qualification. Also, the distinction between long-term and short-term mobility, which has been mainly neglected in the literature concentrating on longer stays, has taken into account. In this respect, short-term mobility is a potentially high-value investment that may be pursued also by those researchers and scientists who cannot move for longer periods, such as women with caring responsibilities. In the literature, it is acknowledged that an experience abroad during early career may have positive effects on future occupational prospects. With our work, we intend to shed light on potential disparities on moving abroad that may exist among researchers in their early career by gender, and which could contribute to leave behind women in academia.

Privatisation, Myopia and the Long-Run Provision of Economic Infrastructure in Australia

2008 ◽  
Vol 19 (1) ◽  
pp. 57-72 ◽  
Author(s):  
Michael Johnson
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Short Term ◽  
Public Economic ◽  
International Financial Crisis ◽  
Long Run ◽  
Infrastructure Provision ◽  
Economic Infrastructure ◽  
The Impact

The privatisation of economic infrastructure in Australia that began in the 1980s has continued to be actively pursued by state and federal governments. Evaluations of the effects of the change of policy, ownership, control and regulatory arrangements that have accompanied privatisation and their impact on the longer-term stock of infrastructure and the growth of the economy have received less attention than the immediate privatisation decisions. This article reviews some of the studies that have been carried out to evaluate the impact of privatisation, focusing on long-term impacts on infrastructure provision. In particular, it discusses the myopia created by the emphasis on commercial transactions and managing markets that continues to shape the debate about the provision of infrastructure to meet Australia's economic, environmental and other objectives. Objectives have become even more difficult to achieve as an increasingly extensive and complex regulatory framework is required to manage privatised activities. This adds to costs and limits the potential for the introduction of new initiatives to address pressing problems. The issue is increasingly relevant, given the current perceived shortage of infrastructure and the flow-on effects of the current international financial crisis on Australia. The slow-down in economic growth accompanying the financial crisis is putting pressure on government budgets and threatening to perpetuate the existing policy bias towards short-term solutions, exacerbating the longer run problem of ensuring an adequate supply of public economic infrastructure.

scholarly journals Prediction of Net Profit Growth of Pharmacy Companies on the Indonesian Stock Exchange

2019 ◽  
Author(s):  
Dhani Ichsanuddin Nur
Keyword(s):  
Stock Exchange ◽  
Funding Source ◽  
Negative Effects ◽  
Short Term ◽  
Applied Model ◽  
Positive Effects ◽  
Funding Sources ◽  
Net Profit ◽  
Auto Regressive

Background: The research purpose to analyzing impacts of funding source changes on pharmacy company profits that went public on Indonesian Stock Exchange, with analysis period of 2008 to 2013. Methods: The research applied analysis means in line with requirements of change variable measurements of funding sources in its interconnectedness with company profits; the applied model was Auto-regressive. Results: The research results indicated that changes of the last one-period short term debts had negative effects insignificantly on company profits, the last two-period short term debts had positive effects significantly on company profits, changes of the last one-period and two-period long term debts had negative effects insignificantly on company profits, equity changes of the last period had positive effects significantly on company profits, the last period profit changes had negative effects significantly on company profits. Conclusion: Last one-period short term, last one-period long term, last two-period long term debt changes, and last period profit have negative insignificant effect on company profit. Last two-period short term debt changes, last one-period equity changes, and last two-period equity changes have positive significant effect on company profit.

scholarly journals Pengaruh Harga Emas Dunia, Harga Minyak Mentah Dunia dan Indeks Produksi Industri Terhadap Indeks Saham di Jakarta Islamic Index (JII) Dalam Jangka Panjang dan Jangka Pendek (Periode Januari 2005-Desember 2015)

2017 ◽  
Vol 4 (7) ◽  
pp. 515
Author(s):  
Dwi Purnamasari ◽  
Raditya Sukmana
Keyword(s):  
Crude Oil ◽  
Industrial Production ◽  
Secondary Data ◽  
Stock Index ◽  
Short Term ◽  
Long Run ◽  
The World ◽  
Negative Effect ◽  
Positive Effect

This research aims to know the influence of long-term and short-term world gold price, the price of crude oil to the world, and the index of industrial production against the stock index at the Jakarta Islamic Index (JII) during the period January to December 2015-2015. The object of this research is the stock index at the Jakarta Islamic Index (JII). Types of data used are secondary data. This research method using technical analysis with quantitative method of Error Correction Mechanism (ECM). The results showed that significant influence world gold prices in the long term and the short term against a stock index of JII. While the price of crude oil the world significant negative effect on the long run, and a significant positive effect on the short term. The index of industrial production turned out to be only a significant effect in the long term, but not in the short term.

scholarly journals Trade Openness and Economic Growth in Canada: An Evidence from Time-Series Tests

2015 ◽  
Vol 15 (3) ◽  
pp. 361-407 ◽  
Author(s):  
Tarlok Singh
Keyword(s):  
Economic Growth ◽  
Null Hypothesis ◽  
Structural Breaks ◽  
Trade Openness ◽  
Single Equation ◽  
Negative Effects ◽  
Positive Effects ◽  
Long Run ◽  
Trade And Investment ◽  
Consistent Support

This study examines the effects of international trade and investment on output and tests the null hypothesis of Granger non-causality among trade, investment and economic growth in Canada. The long-run model is estimated using several single-equation and system estimators to assess the robustness of results across methodologies. The single-equation, OLSEG, GMM, DOLS, NLLS and FMOLS, estimates of the model provide consistent support for the positive and significant long-run effects of exports and investment on output. The ML system estimates cross-validate the cointegrating relationship and reinforce the positive effects of exports and investment and the negative effects of imports on output. The over-parameterized level-VAR estimates suggest unidirectional Granger-causality from exports, imports and investment each to output. The estimates of the model with structural breaks support the long-run relationship, though the evidence is not unambiguous ubiquitously across all the tests. The evidence supporting the positive and significant long-run effects overwhelms the evidence providing weak or no support for the effects of trade on output. The results underline the need for the acceleration of exports (and investment) to offset the demand-reducing effects of imports and escalate the altitudes of output and economic growth.

Von der Tulpenkrise zum Finanzmarktkollaps. Das Allgemeine im Besonderen

2011 ◽  
Vol 52 (1) ◽  
Author(s):  
Toni Pierenkemper
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
General Pattern ◽  
Efficient Market Hypothesis ◽  
Dynamic Processes ◽  
Negative Effects ◽  
Positive Effects ◽  
Starting Point ◽  
Shed Light

AbstractContrary to the presumed perfect markets of the Efficient Market Hypothesis, the very concept of which seems logically flawed, numerous economic crises have been observed in the economic development of the last four hundred years. The following paper seeks to shed light on a specific type of crisis the speculative crisis and in particular its general pattern, from its starting point as an innovative business idea, to Boom and Crash, to exploring consequences, making use of examples from selected historical crises. This paper also seeks to demonstrate that speculations of this sort were also often associated with long term positive effects on economic growth. A complete prevention of dynamic processes of this sort, therefore, by means of comprehensive regulation, appears not only illusory, but also anti-progressive, although measures to limit the negative effects of crises as far as possible must, of course, be taken.

scholarly journals An Empirical Analysis of the Link between Economic Growth and Exports in Côte d’Ivoire

2019 ◽  
Vol 12 (9) ◽  
pp. 94
Author(s):  
Daouda Coulibaly ◽  
Fulgence Zran Goueu
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Causal Relationship ◽  
Empirical Analysis ◽  
Annual Data ◽  
Short Term ◽  
Causality Test ◽  
Long Run ◽  
The Relationship

This paper aims to analyze the relationship between exports and economic growth in Côte d’Ivoire. In order to achieve this objective, annual data for the period 1960-2017 were tested by using the cointegration approach of Pesaran, Shin and Smith, including the causality test of Breitung and Schreiber. According to our analysis it is only exports that drive economic growth and not the opposite. Exports act positively and significantly on economic growth in the short term as well as in the long term. The causality test of Breitung and schreiber indicates a one-way long-run causal relationship ranging from exports to gross domestic product (GDP). All those results show that exports are a source of Ivorian economic growth.

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