scholarly journals An Empirical Analysis of the Relationship Between Urbanization and Fiscal Policy --- Taking Jiangxi Province of China As an Example

2018 ◽  
Vol 10 (2) ◽  
pp. 140 ◽  
Author(s):  
Xiao-Ying Wan
Keyword(s):  
Fiscal Policy ◽  
Empirical Analysis ◽  
Impulse Response Function ◽  
Jiangxi Province ◽  
Vector Autoregressive ◽  
Dynamic Correlation ◽  
Existing Problems ◽  
Fiscal Revenue ◽  
The Impact ◽  
The Relationship

Urbanization is still the direction of China's development in the next twenty years. The study of the relationship between fiscal policy and urbanization is of great value to the healthy promotion of urbanization. In this paper, through the establishment of vector autoregressive model, and analysis using the impulse response function and variance decomposition empirical dynamic correlation between the development of urbanization in Jiangxi province and that of fiscal policy, fiscal policy focus; at the same time, this thesis employs qualitative analysis and quantitative analysis, normative analysis and empirical analysis, combined with the reality of the development of urbanization in Jiangxi Province in order to analyze of the relationship between the development of urbanization in Jiangxi province and fiscal policy and the existing problems. The study found that there is a cointegration relationship between fiscal policy and urbanization. The impact of fiscal expenditure on Urbanization in Jiangxi is better than that in fiscal revenue. Finally, this paper also puts forward relevant policy.

Empirical Analysis of the Relationship between FDI and Processing Trade: 1985-2008

2012 ◽  
Vol 457-458 ◽  
pp. 675-682
Author(s):  
Xi Jun Wang
Keyword(s):  
Granger Causality ◽  
Empirical Analysis ◽  
Impulse Response Function ◽  
Processing Trade ◽  
Causality Test ◽  
Dynamic Correlation ◽  
Stable Relationship ◽  
Short Period ◽  
The Impact ◽  
The Relationship

Processing trade has gradually replaced the general trade, becoming China’s main trade pattern. Then, what’s the relationship between FDI and processing trade? This paper, based on VAR model, by employing Granger causality test approach, impulse response function and variance decomposition, gives an empirical analysis and test of the dynamic correlation between FDI and processing trade. The empirical result denotes that there exists bilateral Granger causality relationship between FDI and processing trade. For a short period, the impact of FDI on the responsiveness of processing trade is more intense. The impact of processing trade on the responsiveness of FDI is also more intense and the volatility of fluctuations is larger; for a long period, there exists a long-run stable relationship between FDI and processing trade.

scholarly journals The impact of inflation on the unemployment rate in Egypt: a VAR approach

2021 ◽  
Vol 107 ◽  
pp. 06009
Author(s):  
Emad Attia Mohamed Omran ◽  
Yuriy Bilan
Keyword(s):  
Unemployment Rate ◽  
Time Series Data ◽  
Empirical Studies ◽  
Impulse Response Function ◽  
High Rate ◽  
Series Data ◽  
Vector Autoregressive ◽  
Political Effects ◽  
The Impact ◽  
The Relationship

Unemployment and inflation are among the most critical phenomena facing both developed and developing countries due to their harmful social, economic, and political effects. The Egyptian monetary policy’s main objective is to maintain a low inflation rate in the medium run to keep the confidence and a high rate of investment and economic growth. At the same time, economists argue that targeting a low-rate of inflation may increase unemployment. Although the classical Philips curve indicates a trade-off between inflation and unemployment, several empirical studies have argued that the relationship between inflation and unemployment depends on the shocks’ source and lagged responses. The main objective of this paper is to examine the relationship between inflation and Egypt’s unemployment rate. We used time-series data from 1980 to 2019, where a vector autoregressive (VAR) model and the Impulse response function tool (IRF) were employed. The results show that inflation has a positive relationship with GDP while negatively affecting the unemployment rate.

Capital Structure and Earnings per Share: An Empirical Analysis of Indian Corporate Sector

2015 ◽  
Vol 5 (3) ◽  
Author(s):  
Harvinder Singh Mand ◽  
Manjit Singh
Keyword(s):  
Capital Structure ◽  
Empirical Analysis ◽  
Corporate Sector ◽  
Independent Variables ◽  
Earnings Per Share ◽  
Panel Data Regression ◽  
Data Regression ◽  
The Impact ◽  
The Relationship ◽  
The Empirical Analysis

This paper intends to measure the impact of capital structure on EPS (earnings per share) in Indian corporate sector. Fifteen control variables along with capital structure have been selected to know their impact on EPS. Panel data regression has been applied to establish the relationship among dependent and independent variables. It is found from the empirical analysis that the relation of capital structure with EPS has been statistically insignificant in Indian corporate sector among all specific industries except telecommunication industry. The results are consistent with Modigliani-Miller approach.

An Empirical Analysis of the Relationship between Economic Growth and Energy Utilization in China

2013 ◽  
Vol 734-737 ◽  
pp. 1666-1670
Author(s):  
Fei Hu Yang ◽  
Peng Zhang ◽  
Xiao Wei Wang
Keyword(s):  
Economic Growth ◽  
Empirical Analysis ◽  
Energy Utilization ◽  
Correction Model ◽  
Vector Autoregressive ◽  
Integration Test ◽  
Recycling Economy ◽  
The Relationship ◽  
The Empirical Analysis

Based on the co-integration test, error correction model and vector autoregressive model, the empirical analysis results show a long-term co-integration relationship between economic growth and energy utilization in China, energy consumption increased by 1%, GDP will increase by 1.342%. In order to raise the efficiency of energy utilization during China's economic development, suggestions like saving energy conservation, reducing emission and recycling economy have been proposed.

The Impact of Nonpartisan Fiscal Institutions on Budgetary Delay

2020 ◽  
Vol 52 (3) ◽  
pp. 173-183
Author(s):  
Colin Emrich
Keyword(s):  
Public Finance ◽  
Fiscal Policy ◽  
Fiscal Institutions ◽  
Governmental Institutions ◽  
The Impact ◽  
The Relationship

Can the design of governmental institutions promote timely governance? This article investigates this question by examining the relationship between the design of fiscal institutions and budgetary delays across the fifty states. These budgetary offices are created by lawmakers to advance sound fiscal policy and sustainable public finance. This article argues that the unbiased information provided by nonpartisan budget offices minimize the likelihood of budgetary delay as well as lessen how long budgetary stalemate persists when a delay occurs. The findings suggest that nonpartisan fiscal institutions do not prevent budgetary delay but substantially reduce the duration of budgetary gridlock.

scholarly journals FINANCIAL CRISIS AND LOCAL BANKS: A REVIEW OF BANK-FIRM RELATIONSHIPS IN ITALY

2017 ◽  
Vol 14 (3) ◽  
pp. 249-258 ◽  
Author(s):  
Andrea Quintiliani
Keyword(s):  
Financial Crisis ◽  
Empirical Analysis ◽  
Research Question ◽  
Banking System ◽  
Relationship Lending ◽  
Critical Elements ◽  
Risk Return ◽  
The Impact ◽  
The Relationship ◽  
The Empirical Analysis

This paper focuses on bank-firm relationship in an economic deeply changing environment. The objectives of the paper are two-fold: to understand, compared to the overall banking system, if the lending activities and economic-financial performances of Italian local banks have changed after the outbreak of the financial crisis; and to understand what are the conditions that allow to develop a model of a local bank capable of supporting the development routes of SMEs, by an appropriate risk/return profile. In order to answer the first research question, the paper presented an empirical analysis, covering the period 2007-2011, of Italian Cooperative Credit Banks (a particular category of local banks) compared with the system of bank groups with operability spread over much of the Italian territory and not. The empirical comparative analysis has the aim to see the effects of the crisis on the relationship bank-firm through the reading of the impact on the dynamics of lending and on the profiles of structure, riskiness, profitability and efficiency of the banks under examination. In order to provide an answer to the second research question, the paper provides some insight of evolutionary nature reflection in the bank-firm relationship. In accordance with the doctrinal postulates of the relationship lending the empirical analysis shows how the financial then real crisis has not induced Cooperative Credit Banks to restrict credit to local firms. The survey evidences have however highlighted some critical elements that are reflected inevitably on the local bank’s risk-return profile. Based only on quantitative data of statement, the empirical analysis represents a limit in this kind of research. This paper is useful to stimulate the debate of experts as well as to focus on the studies of local banks in particular in the light of their anti-cyclic role. Even if abounding in subjects about local banks and relationship lending literature faces only marginally the effects of global crisis on business profiles of local banks.

The Impact of Fiscal Policy on Economic Activity over the Business Cycle: An Empirical Investigation in the Case of Algeria

2019 ◽  
Vol 15 (3) ◽  
Author(s):  
Abderrahim Chibi ◽  
Sidi Mohamed Chekouri ◽  
Mohamed Benbouziane
Keyword(s):  
Fiscal Policy ◽  
Business Cycle ◽  
Government Spending ◽  
Economic Recession ◽  
Policy Decision ◽  
Vector Autoregressive ◽  
Asymmetric Effects ◽  
The Business Cycle ◽  
The Right ◽  
The Impact

Abstract In this paper, we aim to analyze whether the effect of fiscal policy on economic growth in Algeria differs throughout the business cycle. To tackle this question, we use a Markov Switching Vector Autoregressive (MSVAR) framework. We find evidence of asymmetric effects of fiscal policy through regimes, defined by the state of the business cycle (recession and boom). The results show small positive government spending and revenue multipliers in the short term in both regimes. Most importantly, fiscal policy shocks have a stronger impact in times of economic recession than in times of expansion, which confirm the hypothesis of asymmetric effects. However, the impact of government spending is stronger than the impact of public revenue during recession periods. In addition, fiscal policy decision-makers interact with Anti-Keynesian view (pro-cyclical). Our results imply that there is something to gain by using the "right instrument" at the "right time".

scholarly journals A time-varying approach to analysing fiscal policy and asset prices in South Africa

2014 ◽  
Vol 6 (1) ◽  
pp. 46-63 ◽  
Author(s):  
Rangan Gupta ◽  
Charl Jooste ◽  
Kanyane Matlou
Keyword(s):  
Fiscal Policy ◽  
Stock Prices ◽  
Asset Prices ◽  
Marked Change ◽  
Var Model ◽  
Time Varying ◽  
Content Type ◽  
Vector Autoregressive ◽  
Time Varying Parameter ◽  
The Impact

Purpose – This paper aims to study the interplay of fiscal policy and asset prices in a time-varying fashion. Design/methodology/approach – Using South African data since 1966, the authors are able to study the dynamic shocks of both fiscal policy and asset prices on asset prices and fiscal policy based on a time-varying parameter vector autoregressive (TVP-VAR) model. This enables the authors to isolate specific periods in time to understand the size and sign of the shocks. Findings – The results seem to suggest that at least two regimes exist in which expansionary fiscal policy affected asset prices. From the 1970s until 1990, fiscal expansions were associated with declining house and slightly increased stock prices. The majority of the first decade of 2000 had asset prices increasing when fiscal policy expanded. On the other hand, increasing asset prices reduced deficits for the majority of the sample period, while the recent financial crises had a marked change on the way asset prices affect fiscal policy. Originality/value – This is the first attempt in the literature of fiscal policy and asset prices to use a TVP-VAR model to not only analyse the impact of fiscal policy on asset prices, but also the feedback from asset prices to fiscal policy over time.

Reconceptualizing Church and State: A Theoretical and Empirical Analysis of the Impact of Separation of Religion and State on Democracy

2011 ◽  
Vol 4 (2) ◽  
pp. 229-263 ◽  
Author(s):  
Robert Brathwaite ◽  
Andrew Bramsen
Keyword(s):  
Principal Component Analysis ◽  
Empirical Analysis ◽  
Church And State ◽  
Principal Component ◽  
Set Covering ◽  
Data Set ◽  
Religion And State ◽  
The Impact ◽  
The Relationship ◽  
State Separation

AbstractThis article argues that the relationship between democracy and the separation of religion and state needs to be reexamined. We argue that previous studies have misconceptualized the impact that a lack of church-state separation can have on democracy, or have taken a narrow focus by concentrating on specific cases. We use principal component analysis and a large-ndata set covering 125 countries to show that the separation of religion and state should be conceptualized multi-dimensionally and that it should be considered a component of democracy. Our findings show that as separation of religion and state increases, the level of democracy also increases.

scholarly journals The Strategy of the Eurasian Economic Union Extra-Regional Integration

2021 ◽  
Vol 18 ◽  
pp. 67-77
Author(s):  
Agnieszka Konopelko ◽  
Katarzyna Czerewacz-Filipowicz
Keyword(s):  
Empirical Analysis ◽  
Regional Integration ◽  
Literature Analysis ◽  
Eurasian Economic Union ◽  
Comparative Advantages ◽  
Economic Union ◽  
The Impact ◽  
The Relationship ◽  
Theoretical Overview ◽  
Critical Literature

The main purpose of the research presented in the article is to answer the question of whether or notthe Eurasian Economic Union has strategic opportunities to initiate integration processes with third countriesand built comparative advantages. The authors identify the channels of its integration with third countries aswell as assess their effectiveness based on the relationship with Vietnam, Singapore, Iran and China. Thefollowing methods were used: a critical literature analysis, an empirical analysis of the official documents, alogical construct method, an analytical theoretical overview of the Eurasian Economic Union external strategy,as well as statistical methods. Subsequently, based on the results obtained, a SWOT (Strengths, Weaknesses,Opportunities, Threats) analysis was carried out. The work diagnoses the main vectors of the EurasianEconomic Union strategy, analyses its institutional extra-regional integration as well as defines the scope andmain channels of the influence of business and logistics on extra-regional integration. The main achievement ofthe research presented in the article is the diagnosis and assessment of the impact channels of EurasianEconomic Union extra-regional integration. The research points out that the organisation has an effective extraregional policy towards very different Eurasian countries and uses many channels of influence.

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