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Fiscal deficit and inflation rate in selected African Regional Blocs: A comparative analysis
Get PDFAbstract. This study investigates the effect of fiscal deficit on inflation rate in selected African countries. The data collected spans 22years from 1994 to 2015. The countries considered are Egypt, Kenya, Mali, Nigeria, and South Africa. The selection of these countries was based on the countries with highest fiscal deficit or inflation rate in each of the geo-political zones in Africa. Based on the nature of the data, an autoregressive distributed lag (ARDL) in the context of Keynesian model of aggregate expenditure was specified and estimated. The result shows that inflation effect of fiscal deficit is country specific and period specific. Out of the five countries considered, it is only in Nigeria and South Africa that inflation is affected positively by fiscal deficit in the short run. In the long run, Nigeria is the only country where inflation rate is affected positively by fiscal deficit. In Egypt, there was no short run effect of fiscal deficit while in Kenya, there was negative effect. Recommendations were proffered based on these results. Keywords. Inflation, Fiscal deficit, Autoregressive distributed lag.JEL. E24, F40, J30
Modeling the impact of exports on the economic growth of Pakistan
Get PDFAbstract. This study is an empirical investigation to Export led Growth hypothesis (1971-2016) in case of Pakistan by applying cointegration analysis and dynamic error correction mechanism. The study proves that the exports are important and significant determinant of economic growth in Pakistan. The analysis also reveals that the exports along with labor force, investment and Domestic credit to private sector ratio are important for the long-run as well as short run economic growth of Pakistan. Keywords. Exports led growth, Cointegration, Dynamic error correction, Pakistan.JEL. F10, 040, B23
In investigation on the implementation of Blue Ocean strategy in participation bank located in Turkey
Get PDFAbstract. Competition is one of the most important issues in terms of the market which meets the needs and demands of the current economic system. In the market where customer demands and needs change very rapidly, the growth in terms of businesses is getting harder every day. It is even more difficult for businesses to get a share of the market and thus to make higher profits in competition-intensive environments. Participation banks, like any business, continue to exist in a highly competitive environment in the market they serve. For this reason, participation banks need to sail from the red oceans where competition is intense, to the blue oceans where competition is meaningless. This study conducted research on the strategies they use as blue ocean strategy of participation banks in Turkey. In the first part of the research, information about blue ocean strategy is given. In the second part, data collected through open-ended question examples and face to face interview technique with branch managers of Kuweit Turk Participation Bank, Turkey Finance Participation Bank and Albaraka Turk Participation Bank, operating in Turkey over these past years, is given. In the last part of the research, it is emphasized that the participation banks, which are the rising value of today, need blue ocean and how to reach the new blue oceans that will make the competition meaningless.Keywords. Blue ocean strategy, Red ocean, Competition, Participation bank, Strategy.JEL. E50, G21, G23, G24, G28
Growth rate of population associated with high terrorism incidents in society
Get PDFAbstract. What is the growth rate of population that maximizes fatalities from the terrorist incidents? This is a fundamental problem in studies of terrorism and political violence. The paper confronts this question here by analyzing demographic and socioeconomic factors causing and sustaining terrorism in society. Firstly, the present study suggests non-linear effects between confirmed fatalities for terrorist incident and rates of growth of population. Secondly, empirical analyzes and optimization reveal that a growth rate of population of about 3.6% maximizes the lethality due to terrorist incidents in society. This high growth rate of population associated with terrorism is in some problematic regions such as Iraq, Mali, Sudan, etc. Overall, then, the ethnicity and/or religion are illusory causes of terrorism, because they are not an environmental stressor per se. Instead, a distal cause of terrorism may be a critical demographic mass and high population growth that, in combination with socioeconomic issues and political instability, can induce terrorism as a result. Finally, some socioeconomic policies are suggested to enhance conditions of people to reduce this social issue over the long run.Keywords. Terrorism, Population, Demographic factors, Neo-Malthusian approaches, Population growth, Income inequality, Human development index, Political stability.JEL. I24, I30, J10, N30, R23, Q56, Z10
New Economics Journals
Get PDFThis list is consisted of the journals that entered to EconBib Index created by KSP. The list is updated with the each volume of JEB and incorporated the new added journals to EconBib. Please visit the official EconBib website www.econbib.org to see the contents of each journal. The journals, which may want to enter to the list and be indexed by EconBib, may find the conditions in EconBib website. “The register form” in the website should be submitted to the stated e-mail address. All journals within EconBib are updated automotically when new volumes of JEB are published. Detailed information about EconBib can be found in its website www.econbib.org
The role of military expenditures on economic growth in Italy
Get PDFAbstract. The purpose of this paper is to evaluate the likelihood of a nexus between economic growth and defense spending in Italy. With the US urging its NATO allies to stop “free-riding” through diminishing budget allocations to military expenses, and European policymakers hard-pressed by populist tail-winds, the debate on the effects of military expenditure on the economy is more current than ever. I briefly review the literature supporting each of the three possible effects: positive, negative, and insignificant. Scholars use various economic models like the Feder-Ram model (Biswan & Ram, 1986), the augmented Solow model (Mankiw, Romer, & Weil, 1992), and endogenous growth models to investigate whether military spending affects economic growth and the degree and direction of causality. In this paper, Ido notutilize econometric models to establish a relationship between the two variables, but rather leverage on existing research and my analysis to formulate an educated guess. The relevant studies, on countries similarly industrialized, lean towards a negative or insignificant relationship between economic growth and defense expense. Based on the evidence presented in the paper, I postulate that the role of military expenditure on economic growth is insignificant in Italy. Nevertheless, investing in the national defense industry to consolidate and advance Italy’s ninth position as a global exporter of arms, would bring benefits regarding both balance of trade and strategic long-term partnerships.Keywords. Defense spending, Economic growth, Italy.JEL. H50, H56, H60, H63, O40, O49
Awareness about diabetes risk factors and prevention strategies among women of Punjab
Get PDFAbstract. Diabetes is a huge challenge to country’s health and economy. It has been widely debated that in order to reduce the incidence and consequences of diabetes, its awareness among the masses is pre-requisite. Thereby, in the present paper an attempt has been made to examine the awareness of the risk factors and preventive strategies of diabetes among women. The study was based on primary data collected from 200 women from Jalandhar. The analysis of the data has been made with the help of frequencies, percentages and weighted average score. It has been found that 96 percent of the women were aware of diabetes. However, only 42 percent, 30 percent, 22 percent, 13 percent and 29 percent were aware of prevention of diabetes, vaccine for diabetes, complete cure for diabetes and susceptibility of diabetes. These figures are compelling enough to stimulate government to decide to take corrective actions to address the awareness of diabetes among women. It was also found the awareness of the risk factors and preventive measures was low among the sampled respondents. Need of the hour is to create awareness of diabetes, risk factors and lifestyle changes which can prevent or delay diabetes.Keywords. Awareness, Diabetes, Lifestyle changes, Preventive measures, Risk Factors.JEL. I12, I10, I19
Service-learning in higher education in Southeast Asia
Get PDFAbstract. Although service-learning in higher education is a creation of the American society, it has found its way into many education systems outside of the United States. An excellent example of an area where service-learning is taking root is the southeast Asian region. Scholars believe that the slow but steady spread of service-learning as an educational innovation in Asia is symptomatic of modest changes in the conceptions of higher education. As the name suggests, service-learning is a form of education where students acquire real-life knowledge and skills through a wide range of experiences that benefit communities. In other words, service-learning combines education with community service, the aim of which is to enrich students while also meeting the needs of a society. Since service-learning has specific objectives and involves skills acquisition and critical analysis, it goes beyond the usual volunteering and or fundraising. As an active form of university engagement with surrounding communities, service-learning grounds students in local cultures while helping them pursue their educational goals. Keywords. Service-learning, Higher education, Southeast Asia.JEL. M10, M14
Art, music and science: Economics of inter-stellar travel
Get PDFAbstract. The paper suggests that human aesthetics precedes technical and technological progress to make up an economic plan to facilitate the provisions of science affordable to consumers universally without discriminating between varying demographic, cultural, religious and economic orientations. Keywords. Economics of Technology, Innovation Design, Anthropology.JEL. A10