1,720,976 research outputs found
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Balance of payments adjustment through public absorption an estimation of an ARDL model in a panel of MENA and eastern European countries
No full textAbstract
One of the most difficult problems in the field of public economic policies and their effects on the fundamental macroeconomic variables lies in their impact on the external sector variables; hence the need to control public expenditure in proportions that are deemed useful and that would be compatible with the objectives set in order to ensure the fundamental balances at both the internal and external levels.
The purpose of this article, from this perspective, is to focus on the balance of payments adjustment through public absorption, for a sample of 11 countries from the MENA region and the European continent. By bursting public absorption in two fundamental components: public consumption and public investment, we highlight how action on these two main components could adjust the balance of payments balances for the selected countries.
Adopting the lessons of the absorption approach, often referred to as fiscal or financial, as a comprehensive approach to balance of payments adjustment, we will estimate an ARDL panel model using advanced panel data modelling techniques. Our empirical results underline the existence of a short- and long-term adjustment relationship between public absorption and external balances, regardless of the method adopted to measure them: external balance of goods and services or current account balance. These empirical results corroborate the prediction of the Keynesian Absorption Hypothesis and reject the Ricardian Hypothesis that there is no link between internal and external balances. Therefore, we discuss the implications of our results to highlight the main measures that would be consistent with macroeconomic adjustment policies, especially for MENA countries where internal and external imbalances are more persistent compared to the European continent.
Keywords: absorption approach, adjustment, balance of payments, public investment, public consumption
La perception des instruments de financement participatifs par les dirigeants des TPE au Maroc
Get PDFDans un pays où la finance islamique en est à ses balbutiements, il convient de comprendre dans quelle mesure la connaissance de ce financement peut affecter les décisions de financement du propriétaire-dirigeant des petites entreprises. Ce papier de recherche vise à étudier la sensibilisation, la volonté et les perceptions des propriétaires-dirigeants d’adopter les produits financiers participatifs en tant que décision alternative au financement conventionnel.La recherche a utilisé des méthodes qualitatives pour recueillir des données. Une enquête via des entretiens en face-à-face avec dix propriétaires-dirigeants de TPE opérant à la région de Rabat-Salé-Kénitra. Une analyse descriptive et thématique a été réalisée pour étudier les données.Les résultats indiquent que les propriétaires-dirigeants des TPE au Maroc sont conscients de l’existence de la finance participative au Maroc et connaissent les principaux instruments et principes bancaires participatifs, bien que la finance participative soit nouvelle au Maroc
The effect of the fiscal and monetary policies interaction on the economic growth in Morocco – An ARDL approach.
No full text<p><strong>Abstract </strong></p><p> </p><p>This research paper aims to empirically investigate the effect of the interaction between fiscal and monetary policies on the real GDP growth in Morocco. We use Auto-Regressive Distributive Lag Bounds Model (ARDL Bounds test) for co-integration and the Error Correction Model (ECM) in the ARDL, for the period from Q1-2000 to Q2-2023 to analyze the short-run and long-run effects. The main results conclude that there is a co-integration between fiscal and monetary policies and they both affect GDP growth in Morocco which reflects their key role in promoting growth. At the long-run. Fiscal policy is more effective than monetary policy. In the short term, the impact of monetary policy through interest rate instrument is greater than fiscal policy variables. Thus, strengthening coordination between monetary authorities and Government and increasing fiscal space would reinforce their respective capacity to converge towards an optimal policy mix oriented to support economic activity and improve the resilience of the Moroccan economy. </p><p> </p><p><strong>Keywords </strong></p><p><strong>Fiscal policy - Monetary policy – GDP growth - ARDL</strong></p>
A Participatory Financial Decision-Making of The Micro Business
Get PDFSince the owner-managers of TPE occupy a dominant position in their role as the main decision-maker of the company, the financing structure of the company is their personal choice; the decisions that owner-operators make may therefore depend on the characteristics of the owners and the businesses (Michaelas et al., 1999).
In this "new" reality, researchers and financial practitioners recognize the need to solve financial decision problems by going beyond the limits of traditional financial theories.
This new alternative was announced at the end of the 1970s, it was the birth of the theory of behavioral finance, which was launched from the study of Kahneman and Tversky (1979). Over the past 30 years, behavioral finance has become one of the most widely used theories to understand and interpret the behavior of investors and policymakers in making their investment and funding decisions. It is still an emerging field (Kourtidis, Šević and Chatzoglou, 2011), but it has received a lot of attention from professionals and academic staff.
This article is a review of the literature on the capital structure of companies, by mobilizing traditional financial theories that help to understand the financial decision-making of VSE leaders
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
RELATION ENTRE TAUX DE CHANGE, DEFICIT BUDGETAIRE, ET DEFICIT DU COMPTE COURANT : ANALYSE EMPIRIQUE POUR LE CAS DU MAROC
Get PDFCette étude vise à examiner l’effet des variables externes sur le solde budgétaire au Maroc en utilisant les données annuelles de la période (1980- 2016). Pour déduire la nature de cet effet, on a testé la stationnarité et la cointégration entre les variables selon la méthode de Johansen. Le test de contégration a montré qu’il existe une seule relation de cointégration entre les variables, ce qui nous permet d’appliquer le modèle à correction d’erreur.Les résultats empiriques font ressortir que les variables externes ont des effets directs et indirects sur le solde budgétaire. Le prix de pétrole a un effet négatif à long terme, et le degré d’ouverture affecte positivement et significativement le solde budgétaire à long terme. Quant à l’impact des termes d’échange à court et à long terme, il est négatif et relativement faible en termes d’ampleur
Effet des transferts personnels et des exportations sur la croissance économique au Maroc : Analyse économétrique sur la période 1975-2017
Get PDFCette étude vise à examiner l’effet des transferts personnels et des exportations sur la croissance économique au Maroc en utilisant les données annuelles de la période (1975- 2017). Pour déduire la nature de cet effet, on a testé la stationnarité des variables et la cointégration entre les variables selon la méthode de Johansen. Le test de contégration a montré qu’il existe une seule relation de cointégration entre les variables, ce qui nous permet d’appliquer le modèle à correction d’erreur. Les résultats d’estimation de modèle à correction d’erreur montrent que la relation à long terme est plus significatif, et que le PIB par habitant réagit positivement aux variations des exportations et des transferts personnels. Une augmentation de 1% des transferts personnels améliore le PIB par habitant de 0,12%. De même, une hausse des exportations d’un point de pourcentage de PIB produit une amélioration du PIB par habitant de 0,068%
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