scholarly journals Economic Factors Influence on Funding of the Supply-Side of Housing in Kenya: Case Study Nairobi

2016 ◽  
Vol 11 (10) ◽  
pp. 194 ◽  
Author(s):  
Faith Wambui Kanjumba ◽  
Amos Njuguna ◽  
George Achoki
Keyword(s):  
Interest Rates ◽  
Negative Relationship ◽  
Housing Development ◽  
Primary Data ◽  
Supply Side ◽  
Economic Factors ◽  
Development Factor ◽  
Inflation Rates ◽  
The Government ◽  
The Relationship

Housing plays a very important role in the social economic development of any nation. One set of factors that impacts on the funding of the supply-side of housing are economic factors comprising market forces, cost of inputs, the macro economy and the cost of funding. This paper sets to establish the relationship between economic factors and funding of the supply-side of housing in Kenya and also the effect of the major stakeholders on such a relationship if it exists. Using an explanatory form of approach in research design a survey was conducted where primary data was collected by self-administered questionnaires from a random sample of 212 branches in Nairobi of financial institutions drawn from a population of 43 commercial banks, 9 deposit-taking MFIs and three major financiers of housing development. Factor analysis, correlation analysis and ordinal logit regression were used to determine the relationship between funding of housing and economic factors. Results indicated a negative relationship between economic factors and funding of housing development. It was also established that there exists a positive moderating effect of stakeholders on the relationship between economic factors and funding of housing development. The implication being the government and policy makers should ensure that interest rates and inflation rates are kept at a level that will encourage investments in housing, with the government acting then more as an enabler.

Mediation effect of partnership on procurement strategy factors influencing sustainable smart housing development, Nigeria

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Innocent Musonda ◽  
Nuru Gambo
Keyword(s):  
Construction Industry ◽  
Project Managers ◽  
Housing Development ◽  
Mediation Effect ◽  
Primary Data ◽  
Content Type ◽  
Factors Influencing ◽  
Procurement Strategy ◽  
The Government ◽  
The Relationship

PurposeThe procurement strategy challenges that influence the development of sustainable smart housing require a holistic system approach that models the relationships between procurement strategies and sustainable smart housing development approach. This considers the use of technology partnering to ensure value for money. The purpose of the paper is to assess the mediation effect of the technology partnership on procurement strategy influencing sustainable smart housing development.Design/methodology/approachThis study used a quantitative approach and primary data were collected via a structured questionnaire. In total, 500 survey questionnaires were administered to project managers in the Nigerian construction industry and a stratified proportionate random sampling method was used for the selection of respondents.FindingsThe results indicated that the procurement strategy influenced sustainable smart housing development in Nigeria, and the technology partnership mediates the relationship between procurement strategy and sustainable smart housing development.Research limitations/implicationsThis quantitative study is based on the perception of construction project managers in Nigeria. The findings serve as an awareness of the government and other stakeholders in the construction industry on the development of sustainable smart housing in Nigeria.Practical implicationsThe study establishes that technology partnership mediates the relationship between procurement strategy factors and sustainable smart housing development through enhancement of smart housing development and serves as awareness to stakeholders on the factors influencing smart housing development in Nigeria.Social implicationsThe study suggests that technology partnership influences the effect of procurement strategy factors on sustainable smart housing and hence improves the development of smart housing in developing countries.Originality/valueMediation roles of technology partnership minimize procurement strategy challenges and enhance sustainable smart housing development.

scholarly journals Batik SMEs In East Java Indonesia: Interrelationship Between Personal Value and Management Skills Towards SMEs Performance in The New Normal Era

2021 ◽  
Vol 1 (2) ◽  
pp. 48-61
Author(s):  
Murtianingsih Murtianingsih ◽  
Ubud Salim ◽  
Atim Djazuli ◽  
Sudjatno Sudjatno
Keyword(s):  
Interest Rates ◽  
Personal Values ◽  
Dynamic Environment ◽  
Positive Contribution ◽  
Management Skills ◽  
New Normal ◽  
Inflation Rates ◽  
The Government ◽  
And Performance ◽  
The Relationship

The development of Batik SMEs in East Java shows a sector that is highly affected by the pandemic due to the unpreparedness of SMEs to face the pandemic conditions. The need for encouragement from the government and strengthening this sector so that it can develop again and make a positive contribution to the regional and national economy. Managerial aspects and personal values owned by Batik SMEs in East Java are expected to be a reinforcing factor for SMEs in facing a very dynamic environment. The purpose of this study was to determine the relationship between personal values and management skills on the performance of Batik SMEs during the new normal era in East Java, Indonesia. The data used were obtained through a survey using a questionnaire, which was then analyzed by factor analysis, descriptive statistics, Pearson product-moment correlation, and multiple regression. The results of the study stated that there was no relationship between personal values and performance, and there was no relationship between management skills and the performance of Batik SMEs in East Java, Indonesia. This research does not include external factors of the research variables, namely government policies that can be measured by inflation rates and tax policies, as well as Bank Indonesia credit interest rates. This study uses the variable management skills, personal values, and performance of Batik SMEs in East Java during the normal era, which are products with local cultural features.

Ekspektasi Pendaftaran Tanah Sistematis Lengkap Terhadap Faktor Sosial dan Ekonomi Masyarakat

Tunas Agraria ◽  
2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Wahyu Andi Kurniawan ◽  
Setiowati Setiowati ◽  
Theresia Supriyanti
Keyword(s):  
Social Factors ◽  
Social Factor ◽  
Economic Factor ◽  
Economic Factors ◽  
Public Expectations ◽  
The Social ◽  
Land Titling ◽  
Strong Relation ◽  
The Government ◽  
The Relationship

Abstract: The implementation of the PTSL Program by the government annually has the objective that all land parcels in Indonesia can be fully registered by 2025. One of the products of the implementation of the PTSL Program is the ownership of a land titling certificate that has social and economic impact on the community. Given the social and economic impacts of land rights certificates, the public's expectation of the PTSL Program will increase. This study aims to analyze the relationship and the influence of social and economic factors felt by the community with expectations on the implementation of PTSL in 2017. The research method used is quantitative by using a measure of Likert scale which is then analyzed based on correlation coefficient and regression so it is known that the relationship and the influence of social and economic factors with expectations of private universities. The result of this research is there is a significant correlation between social factor and economic factor with expectation to PTSL equal to 0,531 so that can be categorized as strong relation with significance value 0,000 <0,05. There is a significant influence between social factors and economic factors with expectations of PTSL of 0.298 with a significance value of 0.000 <0.05.Keywords: complete systematic land registry, public expectations, social and economic factor Intisari: Pelaksanaan Program PTSL oleh pemerintah setiap tahunnya memiliki tujuan agar seluruh bidang tanah di Indonesia dapat terdaftar seluruhnya pada tahun 2025. Salah satu produk dari pelaksanaan Program PTSL adalah kepemilikan sertipikat hak atas tanah yang memiliki dampak sosial dan ekonomi kepada masyarakat. Dengan adanya dampak sosial dan ekonomi dari sertipikat hak atas tanah maka harapan masyarakat terhadap Program PTSL akan semakin meningkat.Penelitian ini bertujuanmenganalisis hubungan dan pengaruh faktor sosial dan ekonomi yang dirasakan oleh masyarakat dengan ekspektasi terhadap pelaksanaan PTSL pada tahun 2017. Metode penelitian yang digunakan adalah kuantitatif dengan menggunakan alat ukur berupa skala likert yang kemudian dianalisis berdasarkan koefisien korelasi dan regresi sehingga diketahui besar hubungan dan pengaruh faktor sosial dan ekonomi dengan ekspektasi terhadap PTSL.Hasil penelitian ini yaitu terdapat hubungan yang signifikan antara faktor sosial dan faktor ekonomi dengan ekspektasi terhadap PTSL sebesar 0,531 sehingga dapat dikategorikan sebagai hubungan yang kuat dengan nilai signifikansi 0,000 < 0,05. Terdapat pengaruh yang signifikan antara faktor sosial dan faktor ekonomi dengan ekspektasi terhadap PTSL sebesar 0,298 dengan nilai signifikansi sebesar 0,000 < 0,05.Kata kunci: pendaftaran tanah sistematis lengkap, ekspektasi masyarakat, faktor sosial dan ekonomi

scholarly journals A time series analysis of determinants of FDI in Afghanistan: Which one matters the most, security or economic growth?

2018 ◽  
Vol 6 (2) ◽  
pp. 19
Author(s):  
Abdul Fareed Delawari
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Foreign Direct Investment ◽  
Time Series Analysis ◽  
Direct Investment ◽  
Economic Factors ◽  
Market Economic ◽  
The Government ◽  
The Relationship

Afghanistan has been practicing market economic system since 2002. Since then, the government has been initiating different policies and announced various incentives to attract foreign direct investment (FDI) to the country. However, the outcome has not been satisfactory due to several political and economic factors. This paper explores the relationship between security, economic growth and FDI in Afghanistan, using ARDL model. The paper covers a period from 2002 to 2016. The empirical results of this study show that there is a negative long-term relationship between security and FDI. Hence,  the author concludes that, to attract FDI to the country, insuring security should be the top priority of the government of Afghanistan.

scholarly journals Determinants of Loan Repayment of Government Funding to Vulnerable Groups; A Case of Biashara Fund in Kiambu County, Kenya

2019 ◽  
Vol 3 (VI) ◽  
pp. 83-100
Author(s):  
Keziah Njoki Mbugua ◽  
George Kosimbei
Keyword(s):  
Univariate Analysis ◽  
Negative Relationship ◽  
Government Funding ◽  
Vulnerable Groups ◽  
Primary Data ◽  
Future Research ◽  
Group Leadership ◽  
Inferential Statistics ◽  
Loan Repayment ◽  
The Government

In an attempt to alleviate poverty and empower the vulnerable population, many non- governmental organizations and government line agencies have provided revolving funds to its citizens. The County Government of Kiambu introduced Biashara Fund to empower its youth. The major challenge has been identifying the most deserving beneficiary and minimizing the risk of loan non-repayment. Such, has however not been possible as at times, the rate of defaulters has been reported to be substantially high, leading to writing off such debts at the expense of the revolving funds. The role of the government in providing start-up funds and ensuring sustainability is crucial. Ideally when such funds are borrowed, it is expected that they are repaid in order to empower another beneficiary thus creating a revolving fund and ensuring sustainability of the fund. However, this is often not the case as change of the government of the day at times leads to higher default rate of such funds. This study focused on determinants affecting loan repayment of government funding to venerable groups, a case study of Biashara Fund in Kiambu County, Kenya. The study specifically evaluated the influence of amount of credit borrowed, legislation put in place on loan repayment, borrowing process set and group leadership on loan repayment of government funding to venerable groups accessing Biashara Fund in Kiambu County. Descriptive survey was adopted for this study. The study targeted youth, women and persons with disability with emphasis on 60 groups and 865 individuals drawn across the 10 sub-counties in Kiambu County. The target category had advanced loans by the Biashara Fund from 2014 to 2017. A sample of 274 participants was used and was selected using stratified and simple random sampling. The study used a questionnaire as the sole primary data collection instrument. Data was analyzed using the Statistical Package for Social Sciences where both descriptive and inferential statistics were employ yed. A univariate analysis was done to get standard deviation, means frequency tables, histogram pie chart, graphs and percentages. Further inferential statistics were applied using regression analysis. The study established a relationship between group leadership and loan repayment of government funding by venerable groups accessing Biashara Fund in Kiambu County.  The study findings show that there is a significant negative relationship between the amount of credit borrowed and loan repayment of government funding by venerable groups accessing Biashara Fund in Kiambu County. The study concludes that there is a relationship between loan size and capacity to repay. The study also concludes that most of the youth, women and persons with disability were partially conversant with the Biashara loan rules. Policy makers need to come up with viable interventions to stimulate and create an enabling economic environment for innovation and business competitiveness, hence inducing performance of youth, women and disabled business projects. The youth, women and disabled problem thus requires properly planned well-structured and broad based programs. The study recommends that adequate liquidity should be ensured as depositors and borrowers should be able to access funds without subjecting the institutions to solvency and attainment of acceptable rates of return. Research and academicians with an interest in entrepreneurship and startup funding as they will understand the issues raised for future research.

scholarly journals Economic and Innovative Factors Influence on Funding of the Supply-Side of Housing in Nairobi, Kenya

2017 ◽  
Vol 3 (4) ◽  
pp. 39
Author(s):  
Faith Wambui Kanjumba
Keyword(s):  
Negative Relationship ◽  
Moderating Effect ◽  
Supply Side ◽  
Economic Factors ◽  
Market Forces ◽  
Technological Factors ◽  
Logit Regression ◽  
Innovation And Technology ◽  
Stable Economy ◽  
The Cost

Housing impact on an economy is undisputed. Economic factors comprising market forces, cost of inputs, the macro economy and the cost of funding are one set of factors that impacts on the funding of the supply-side of housing.  Financiers’ reactionary actions to encourage uptake of credit is undertaken by use of innovation and technology. This paper sets to establish the relationships between both economic and innovative factors, and funding of the supply-side of housing in Kenya and also the moderating effect of the major stakeholders. Using an explanatory form of approach in research design a survey was conducted using questionnaires to collect data from a random sample of 212 branches in Nairobi of financial institutions drawn from a population of 43 commercial banks, 9 deposit-taking MFIs and three major financiers of housing. Factor analysis, correlation analysis and ordinal logit regression were used to determine the relationships. A negative relationship between economic factors and funding of housing was found, while innovative financing and technological factors were found to have no influence. A positive moderating effect of stakeholders on the relationships between both economic factors, and innovative financing and technological factors on one side, and funding of housing was established. The implication being that economic factors play a bigger role in impacting housing and a stable economy is conducive in encouraging investments in housing, with government acting more as an enabler. Innovative financing and technology act as facilitators only.

scholarly journals The Relationship between Output and Unemployment with Efficiency Wages

2007 ◽  
Vol 8 (4) ◽  
pp. 561-577 ◽  
Author(s):  
Jim Malley ◽  
Hassan Molana
Keyword(s):  
Adverse Effects ◽  
Labour Market ◽  
Negative Relationship ◽  
Efficiency Wages ◽  
Market Imperfections ◽  
Supply Side ◽  
Demand Shock ◽  
The Relationship ◽  
German Data ◽  
Stabilisation Policies

Abstract We construct a stylised model of the supply side with goods and labour market imperfections to show that an economy can rationally operate at a low-effort state in which the relationship between output and unemployment is positive. We examine data from the G7 countries over 1960-2001 and find that only German data strongly favour a persistent negative relationship between the level of output and rate of unemployment. The consequence of this is that circumstances exist in which market imperfections could pose serious obstacles to the smooth working of expansionary and/or stabilisation policies and a positive demand shock might have adverse effects on employment.

Strategic behavior of nontraditional lenders in agricultural credit markets

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Iuliia Tetteh ◽  
Michael Boehlje ◽  
Anil K. Giri ◽  
Sankalp Sharma
Keyword(s):  
Interest Rates ◽  
Strategic Behavior ◽  
Business Models ◽  
Credit Markets ◽  
Primary Data ◽  
Supply Side ◽  
Agricultural Credit ◽  
Content Type ◽  
Study Approach ◽  
Funding Sources

PurposeThis paper examines credit products, operational performance and business models employed by nontraditional lenders (NTLs) in agricultural credit markets.Design/methodology/approachTwo research methods were employed in this study: (1) an executive interview to collect primary data and (2) a case study approach to analyze the findings and develop insights.FindingsThe findings indicate the presence of significant differences among lenders across and within three categories of NTLs (large volume, vendor financing and collateral-based NTLs). For example, collateral-based NTLs employ different strategies focusing on types of loans, funding sources, commodities they support and geographic coverage to further segment the market. NTLs in this study were able to capture market by successfully identifying gaps in the supply side of agricultural credit and developing products that meet the needs of that niche (e.g. heavy renters, large operations, producers seeking fixed interest rates for term loans, financially fragile producers). Most of the interviewed NTLs had credit standards comparable to those of traditional lenders and consider them both competitors and partners since many NTLs partner with traditional lenders on participation loans, loan servicing and/or sourcing funds.Originality/valueThe supply side of a nontraditional lending has not been studied extensively due to the proprietary nature of data. The executive interviews conducted in this study allowed for accumulation of industry data, which is not available otherwise.

scholarly journals ANALYSIS OF THE HOUSING MARKET IN LITHUANIA

2008 ◽  
Vol 12 (4) ◽  
pp. 271-280 ◽  
Author(s):  
Feliksas Ivanauskas ◽  
Rimantas Eidukevičius ◽  
Albinas Marčinskas ◽  
Birutė Galinienė
Keyword(s):  
Financial Markets ◽  
Interest Rates ◽  
Housing Market ◽  
Supply And Demand ◽  
Economic Factors ◽  
Causality Tests ◽  
The One ◽  
The Cost ◽  
The Given ◽  
The Relationship

Cointegration and Granger causality tests were used for the statistical analyses of the housing market in Lithuania. The relationship between the cost of housing and afford‐ability on the one hand, and interest rates, GDP and average incomes on the other was not proven to exist using the given statistical methods. The period of increase in the cost of housing in Lithuania over the last five years is exceptional and difficult to explain using fundamental economic factors and their fluctuation trends alone. The cost of housing has made a clear departure from the economic (business) cycle; the economy has grown, however at a much slower rate than rising costs in the housing market. The reasons for this situation are record lows in interest rates, good conditions to gain financing, the liberalisation of financial markets, speculative attitudes in expectation of the introduction of the Euro, and a divide between the supply and demand of housing that is available. It should be noted that the evaluation of the influence of these factors on fluctuations in costs in the housing market is more hypothetical in nature. Santrauka Nekilnojamojo turto rinkos Lietuvoje statistinei analizei buvo naudojami kointegravimo ir Grangerio priežastingumo testai. Taikant esamus statistinius metodus nebuvo įrodyta, kad egzistavo ryšys tarp nekilnojamojo turto kainos ir įperkamumo, viena vertus, ir palūkanų normų, BVP bei vidutinių pajamų, kita vertus. Nekilnojamojo turto kainos Lietuvoje didėjimo per pastaruosius penketą metų laikotarpis yra išskirtinis ir sunkiai paaiškinamas remiantis vien pagrindiniais ekonominiais veiksniais ir jų svyravimų tendencijomis. Nekilnojamojo turto kaina aiškiai nukrypo nuo ekonomikos (verslo) ciklo; ekonomika išaugo, tačiau gerokai lėtesniu tempu nei augančios kainos nekilnojamojo turto rinkoje. Šios situacijos priežastys – rekordiškai mažos palūkanų normos, geros sąlygos gauti fi nansavimą, fi nansų rinkos liberalizavimas, spekuliaciniai požiūriai tikintis įsivesti eurą ir takoskyra tarp esamo nekilnojamojo turto pasiūlos ir paklausos. Pažymėtina, kad šių veiksnių įtakos kainų svyravimo nekilnojamojo turto rinkoje įvertinimas yra labiau hipotetinis.

scholarly journals Can Common Stocks Provide Hedge against Inflation? Evidence from SAARC Countries

2012 ◽  
Vol 51 (4II) ◽  
pp. 435-448
Author(s):  
Syed Zulfiqar Ali Shah ◽  
Zafar Mueen Nasir ◽  
Muhammad Naeem
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Negative Relationship ◽  
Expected Return ◽  
Negative Results ◽  
Expected Inflation ◽  
Inflation Rates ◽  
Fisher Hypothesis ◽  
The Relationship ◽  
Real Assets

The theory says that if stocks provide an effective hedge against inflation then the effect of expected inflation should be compensated in the form of nominal stock return. As Fisher Hypothesis (1930) concluded that nominal expected return on a security is a function of expected inflation rate as well as expected real interest rate. Bodie (1976) worked on Fisher Hypothesis and found that actual nominal return depends on expected and unexpected inflation rates and also it depends on expected and unexpected nominal returns. According to Geske and Roll (1983) a positive relationship exists between stock returns and inflation, based on the assumption that securities represent claims on real assets. When there is an increase in rate of inflation, it is expected that prices of real assets will also rise, thereby improving the value of securities representing a claim on such real assets. We found that various studies in this area reported against the hypothesis, showing a negative relationship between the two. However, certain other studies support the theory asserting that the relationship existing between stock returns and inflation is positive. While the negative relationship between inflation and stock return is against the theory, negative results have led to formation of hypothesis such as tax augmented hypothesis. The tax augmented hypothesis states that when we deduct tax from the stock returns, their relationship with inflation tends to get negative as the quantum and rate of taxes also rise along with inflation. This hypothesis also opines that initial researcher did not consider the tax impact when they were empirically testing the relationship between stock returns and inflation.

Sign in / Sign up

Export Citation Format

Share Document