scholarly journals Empirical Evidence on Korea’s Import Demand Behavior Revisited

2015 ◽  
Vol 7 (2) ◽  
pp. 11 ◽  
Author(s):  
Jungho Baek
Keyword(s):  
Empirical Evidence ◽  
Import Demand ◽  
The Other ◽  
Distributed Lag ◽  
Other Hand ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
Econometric Technique

<p>This paper attempts to re-examine Korea’s import demand behavior with an enhanced<br />econometric technique and an up-to-date dataset. To achieve the goal, an autogressive<br />distributed lag (ARDL) approach is adopted. Our results show the existence of the long-run<br />relationship between Korea’s imports and its major determinants such as income and price. It<br />is also found that income plays an important role in influencing Korea’s imports in both the<br />short- and long-run. On the other hand, price is found to have a significant impact on Korea’s<br />imports only in the short-run.</p>

scholarly journals Determinantes da confiança do consumidor e dinâmica da política monetária no Brasil

2019 ◽  
Vol 5 (1) ◽  
pp. 18
Author(s):  
Rafaela Maiara Caetano ◽  
Cleomar Gomes Da Silva
Keyword(s):  
The Other ◽  
Consumer Confidence ◽  
Bounds Testing ◽  
Monthly Data ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
Econometric Methodology

<p>The aim of this article is to investigate the determinants of consumer confidence in Brazil and possible impacts on monetary policy actions. The econometric methodology applied is based on Autoregressive Distributed Lag (ARDL) Models, particularly the Bounds Testing (ARDL) Approach to Cointegration. For monthly data between January 2003 and December 2016, the empirical results suggest that there is a long run relationship between consumer confidence and the other variables analyzed. As for short-run dynamics, the error correction mechanism varies between 1.9% and 8.7%, depending on the estimated model. This suggests that economic variables influence consumer confidence, and when there is a break in confidence, its recovery is very slow.</p>

SHORT-RUN AND LONG-RUN IMPACT OF INFLATION, UNEMPLOYMENT, AND ECONOMIC GROWTH TOWARDS POVERTY IN INDONESIA: ARDL APPROACH

2019 ◽  
Vol 2 (1) ◽  
pp. 15
Author(s):  
Ahmadi Murjani
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Macroeconomic Variables ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
The Government ◽  
The Impact

 Poverty alleviation has become a vigorous program in the world in recent decades. In line with the efforts applied by the government in various countries to reduce poverty, some evaluations have been practised. The impacts of macroeconomic variables such as inflation, unemployment, and economic growth have been commonly employed to be assessed for their impact on the poverty. Previous studies in Indonesia yielded mix results regarding the impact of such macroeconomic variables on the poverty. Different methods and time reference issue were the suspected causes. This paper aims to overcome such problem by utilising the Autoregressive Distributed Lag (ARDL) equipped with the latest time of observations. This paper finds in the long-run, inflation, unemployment, and economic growth significantly influence the poverty. In the short-run, only inflation and economic growth are noted affecting poverty significantly. 

scholarly journals Financial Development, Economic Growth and Poverty Reduction in India: An Empirical Evidence

ETIKONOMI ◽  
2021 ◽  
Vol 20 (1) ◽  
pp. 13-22
Author(s):  
Md. Qaiser Alam ◽  
Md. Shabbir Alam
Keyword(s):  
Economic Growth ◽  
Empirical Evidence ◽  
Financial Development ◽  
Poverty Reduction ◽  
The Other ◽  
Development Economic ◽  
Impulse Response Functions ◽  
Response Functions ◽  
Long Run ◽  
Short Run

The paper examines the response of poverty reduction based on financial development and economic growth in India. The ARDL and ECM based model techniques analyze the long-run and short-run relationship among the variables in the model. The long-run estimates depict that financial development and economic growth have not significantly impacted poverty reduction and, on the other hand, resulted in injecting inequality and becoming attended to wealthier sections of the society. The short-run estimates show that financial development and economic growth have successfully tried to reduce poverty in India. The results flash a long-run nature of poverty in India and need to designs and formulations of policies that should be instrumental in reducing poverty. Impulse Response Functions' application indicates that poverty reduction will act as a catalyst for further poverty reduction in India.JEL Classification: I32, B26, O40, R15How to Cite:Alam, M. Q., & Alam, M. S. (2021). Financial Development, Economic Growth, and Poverty Reduction in India. Etikonomi: Jurnal Ekonomi, 20(1), 13 – 22. https://doi.org/10.15408/etk.v20i1.18417.

scholarly journals Pricing of Agricultural Capital Input in Pakistan: An Analysis of Bound Testing Approach

2017 ◽  
Vol 3 (2) ◽  
pp. 101-110
Author(s):  
Hina Ali ◽  
Hira Tahir
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Capital Input ◽  
Distributed Lag ◽  
Integration Approach ◽  
Long Run ◽  
Short Run ◽  
Auto Regressive ◽  
Testing Approach ◽  
Econometric Technique

Purpose: This study aims to raise the trouble of adjustment the price of capital input in Pakistan. The data that is take to estimate the analysis is time series which span over from 1974 to 2014. Yield, gross domestic product, exchange rate, land, price of capital, agriculture employment, agriculture imports and exports are variables that use in this study. Econometric technique of auto-regressive distributed lag (ardl) to co-integration approach are applied apply to estimate the long run and short run relationship among variables. Conclusion of this study shows that yield and price of capital are negative and insignificant both in short and long run.

The Determinants of Health Expenditures in Tunisia

2018 ◽  
pp. 253-267
Author(s):  
Sami Chaabouni ◽  
Chokri Abednnadher
Keyword(s):  
Health Expenditures ◽  
Determinants Of Health ◽  
Causality Test ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Capita Health Expenditure ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
The One

This article examines the determinants of health expenditures in Tunisia during the period 1961-2008, using the Autoregressive Distributed Lag (ARDL) approach by Pesaran et al. (2001). The results of the bounds test show that there is a stable long-run relationship between per capita health expenditure, GDP, population ageing, medical density and environmental quality. In fact, on the one hand there are the short-run and long-run results which reveal that health care is a necessity, not a luxury good. On the other hand, results of the causality test show that there is a bidirectional causal flow from health expenditures to income, both in the short and in the long run.

Performance of Odisha State Co-operative Bank: An ARDL Approach

2020 ◽  
pp. 097674792094176
Author(s):  
Ranjan Kumar Nayak
Keyword(s):  
Correction Term ◽  
Share Capital ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Proactive Management ◽  
Long Run ◽  
Ardl Approach ◽  
Augmented Dickey Fuller ◽  
Short Run ◽  
Adf Test

This article tries to analyse the financial performance of Odisha State Co-operative Bank (OSCB) for the period of 1949–1950 to 2014–2015. The methodology employed for the empirical analysis on this study involves autoregressive distributed lag (ARDL), augmented Dickey–Fuller (ADF) test and Phillips–Perron (PP). Statistical significant of the coefficient of the lagged error-correction term shows about 44 per cent correction in short-run dynamics to the long-run equilibrium. Using the ARDL approach, the study finds that owned fund, borrowing, advance and working capital, share capital and reserve are statistically significant in the short run; and deposits, share capital and reserve are statistically significant in the long run. The empirical results suggest that deposits and advances impact the profits of OSCB positively while cost of management, capital and reserves lead to lower profits. Hence, the study proposes the OSCB to follow a proactive management of capital with higher deposit generation and larger advances strategy to become a strong bank and grow steadily.

scholarly journals Dividend policy-performance nexus: PMG-ARDL approach

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Olayinka Olufisayo Akinlo ◽  
John Ayobamibo Olayiwola
Keyword(s):  
Dividend Policy ◽  
Financial Statements ◽  
Payout Policy ◽  
Policy Performance ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Pooled Mean Group ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run

AbstractThis paper examines the long run and short run link between dividend payout policy and corporate performance of quoted companies in Nigeria over the period 2001–2018. The study employs data of 80 listed companies collected from the audited financial statements of the companies and the publication of Central Bank of Nigeria. Using Pooled Mean Group-Autoregressive Distributed Lag approach, the result shows that dividend policy negatively and statistically influence performance in the short run, while in the long run the effect is positive and significant.

scholarly journals The effect of worker remittances on economic growth: An ARDL approach

2019 ◽  
Vol 30 (4) ◽  
pp. 434-441 ◽  
Author(s):  
Muhammad Kamran Khan ◽  
Jian-Zhou Teng ◽  
Muhammad Imran Khan
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Direct Investment ◽  
Domestic Saving ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Ardl Approach ◽  
Financial Flow ◽  
Short Run

Worker remittances are the main source of financial flow to any economy.  This study intended to scrutinize the effect of remittance inflow on Pakistan’s economy over the period 1976- 2016 by employing autoregressive distributed lag (ARDL) technique; because this method has been recently developed and has different advantages as compared to time series methods. ARDL method was applied to scrutinize the long run and the short run effect of worker remittances on Pakistan’s economy. This study concluded that Pakistan’s economy is positively affected by remittance inflow, foreign direct investment and the gross domestic saving in the long run, while Pakistan’s economy negatively affected by inflation and consumption in the long run. Remittances received from immigrant support economic growth in Pakistan because remittances inflow is mostly utilized for investment purpose. To further improve the economic development of Pakistan’s economy, it is suggested that policy maker in Pakistan encourage and motivate migrants to send remittances through proper channels to Pakistan, so that these inflows of remittances be used in such profitable investments that help to improve economic growth.

Loss of Employment, Lockdown Measures and Government Responses in Malaysia during the Covid-19 Pandemic: A Note

2021 ◽  
Vol 22 (3) ◽  
pp. 1525-1549
Author(s):  
Muzafar Shah Habibullah ◽  
Mohd Yusof Saari ◽  
Sugiharso Safuan ◽  
Badariah Haji Din ◽  
Anuar Shah Bali Mahomed
Keyword(s):  
Job Loss ◽  
Positive Association ◽  
Distributed Lag ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
Auto Regressive ◽  
The Government ◽  
The Relationship ◽  
Stimulus Package

In this paper, we use daily administrative data from January 25, 2020 to December 31, 2020 to examine the relationship between job losses and the Malaysian lockdown measures. The Auto Regressive Distributed Lag (ARDL) approach is used to estimate both the long-run and short-run models. The results of the Bounds F-test for cointegration reveal that there is a long-run link between job losses and the Malaysian government lockdown measures (both linear and non-linear). The positive association between job loss and lockdown measures shows that as the lockdown gets tighter, more people will lose their jobs. However, as time passes, especially in conjunction with the government stimulus package programmes, job losses decrease.

The impacts of IPO financing and monetary policy on economic growth in Bangladesh: Evidence from a dynamic assessment

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Suborna Barua ◽  
◽  
Mahmuda Akter ◽  
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Positive Impact ◽  
The Other ◽  
Gdp Growth ◽  
Bank Rate ◽  
Other Hand ◽  
Long Run ◽  
Short Run ◽  
Capital Financing

Bangladesh is considered a fast-growing emerging economy and the new Asian tiger. The increasing need for capital funds in Bangladesh is largely met by banks, mainly due to the country’s underdeveloped nature of the stock market. Bank financing is assumed to be influenced by monetary policies, particularly, by bank rates adopted each year by the central bank of Bangladesh. On the other hand, while some studies stress the need for strengthening the debt and equity securities markets to support Bangladesh’s fast economic growth, debates swirl about whether or to what extent the stock market contributes to economic growth in the country. To address the understanding gap, in this paper, we examine the impact of capital financing through equity initial public offerings (IPO) and bank rate on the economic growth of Bangladesh. We use annual data from 1981 to 2019 and employ an autoregressive distributive lag (ARDL) framework to examine the long-run and short-run impacts of IPO financing and bank rate on GDP growth rate. Our findings suggest the existence of a long-run cointegrating relationship between IPO financing, bank rate, and GDP growth. We find that IPO financing does not have a significant long-run impact but shows only a one-period short-run positive impact on economic growth. On the other hand, bank rate shows a long-run negative and a one-period short-run positive impact on economic growth. Findings overall suggest that IPO financing does not significantly contribute to long-run economic growth while giving only a temporary boost. Further, increases in bank rate - as one would expect - depress economic growth in the long-run, while generating herd behavior immediately. Our findings stress the need for encouraging more quality IPO issuances, increasing the issuance size, and ensuring proper utilization of the funds by IPO issuers to make the capital market a key driver of economic growth.

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