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Foreign direct investment, efficiency, and total factor productivity: Does technology intensity classification matter? Economic Journal of Emerging Markets Pub Date : 2022-04-28 Mohammad Zeqi Yasin,Dyah Wulan Sari
Purpose ― We examine whether the foreign direct investment (FDI) in promoting technical efficiency is controlled by the sector classifications based on the technology intensity (High Technology, Medium-High Technology, Medium-Low Technology, and Low Technology).Methods ― We use the Indonesian firm-level dataset of the large and medium manufacturing survey from 2007 to 2015 and employ the time-varying
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Trade liberalization, financial development, and economic growth: A panel data analysis on Turkey and the Turkic Republics Economic Journal of Emerging Markets Pub Date : 2022-04-27 Mustafa Batuhan Tufaner
Purpose ― In this study, 5 Turkic Republics (Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan) and Turkey are analysed to investigate the impact of trade liberalisation and financial development on economic growth.Methods ― In this study, long-term relationships among trade liberalisation, financial development, and economic growth are analysed by applying unit root, cointegration and
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Does sectoral loan portfolio composition matter for the monetary policy transmission? Economic Journal of Emerging Markets Pub Date : 2022-04-27 Van Dan Dang,Hoang Chung Nguyen
Purpose ─ The paper empirically explores the conditioning role of loan portfolio diversification in the monetary policy pass-through via the bank lending and risk-taking channels.Methods ─ Data of Vietnamese commercial banks during 2007–2019 is employed to perform regression using the two-step system generalized method of moments in dynamic panel models. For robustness, we approach different choices
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Analysing network structures and dynamics of the Pakistan stock market across the uncertain time of global pandemic (Covid-19) Economic Journal of Emerging Markets Pub Date : 2022-04-27 Bilal Ahmed Memon
Purpose ― The global pandemic COVID-19 has attracted considerable interest from researchers globally. However, there is very little systematic work on the impact of the COVID-19 crisis on the local stock markets. This paper proposes a complex network method that examines the effects of global pandemic COVID-19 on the Pakistan stock market to fill in these gaps.Methods ― Firstly, correlograms are plotted
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Nonlinear effects of ıncome ınequality on economic growth: A comparative analysis of selected countries Economic Journal of Emerging Markets Pub Date : 2022-04-27 Emin Efecan Aktas,Pelin Varol Iyidogan
Purpose ― The paper queries the impacts of income inequality on economic growth in selected advanced and emerging market economies by adopting nonlinearity and endogeneity.Methods ― This research analysis is based on a balanced panel from 1996 to 2018 and employs the dynamic panel threshold analysis after baseline estimations with the fixed-effect, system Generalized Method of Moments, and difference
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Islamic banks credit risk performance for home financing: Before and during Covid-19 pandemic Economic Journal of Emerging Markets Pub Date : 2022-04-27 MB Hendrie Anto,Faaza Fakhrunnas,Yunice Karina Tumewang
Purpose ― This study aims to assess the home financing credit risk performed by Islamic banks in Indonesia.Methods ― A panel dynamic analysis is adopted to measure the bad loan performance before and during the Covid-19 pandemic. The observation period started from January 2016 to September 2020 with 1,881 observation periods of monthly panel data from the province level.Findings ― The study finds
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Revisiting the macroeconomic variables and economic growth nexus: A Markov regime-switching approach Economic Journal of Emerging Markets Pub Date : 2022-04-27 Asma Fiaz,Nabila Khurshid,Ahsan ul Haq Satti
Purpose ―Current paper assesses the impact of macroeconomic variables on Pakistan's economic growth.Method ― This study analyzed the data using the Markov Regime switching (MS) model using monthly data for 1981-2020. Firstly, BDS and CUSUM square tests were applied to detect the non-linearity of the model.Results ―The model is non-linear, so the Markov regime-switching model is used for analysis. Each
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Forecasting inflation in Turkey: A comparison of time-series and machine learning models Economic Journal of Emerging Markets Pub Date : 2022-04-26 Hale Akbulut
Purpose: This paper aims to test the accuracy of some Machine Learning (ML) models in forecasting inflation in the case of Turkey and to give a new and also complementary approach to time series models. Methods: This paper forecasts inflation in Turkey by using time-series and machine learning (ML) models. The data is spanning from the period 2006:M1 to 2020:M12. Findings: According to our findings
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Foreign direct investment inflow: The drivers and motivations in MENA Region Economic Journal of Emerging Markets Pub Date : 2022-04-26 Osarumwense Osabuohien-Irabor
Purpose ― Reasons why Multinational Enterprise (MNEs) engage in foreign direct investment (hereafter referred to as FDI) abroad have been of great interest to policy markets, academia and international portfolio investors. This examines FDI inflow motives to the Middle East and North Africa (MENA) region for the period 2005 to 2019.Design/methodology/approach ― This research paper applies both the
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On the asymmetric effect of real exchange rate on growth: Evidence from Africa Economic Journal of Emerging Markets Pub Date : 2022-04-26 James Temitope Dada
Purpose ― This study investigates the asymmetric effect of real exchange rates on the economic growth of twenty African countries for the period 2005 to 2019.Design/Method/Approach ― A refined method of Granger and Yoon (2002) was used to decompose real exchange into appreciation and depreciation. To address the problem of endogeneity and cross-sectional dependence, a two-steps system generalized method
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Commercial banks regulation and intermediation function in an emerging market Economic Journal of Emerging Markets Pub Date : 2021-04-01 Amalachukwu Chijindu Ananwude
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Similarity evidence between the country risk and the idiosyncratic risk: An empirical study of the Brazilian case Economic Journal of Emerging Markets Pub Date : 2021-04-01 André Assis de Salles
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Drivers of business cycles in Iran and some selected oil producing countries Economic Journal of Emerging Markets Pub Date : 2021-04-01 Abouzar Taheri,Shahriar Nessabian,Reza Moghaddasi,Farzin Arbabi,Marjan Damankeshideh
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The role of agricultural productivity in economic growth in middle-income countries: An empirical investigation Economic Journal of Emerging Markets Pub Date : 2021-04-01 Arif Eser Güzel,Cemil Serhat Akin
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Monetary policy transmission: Balance sheet channel and investment behavior of firms in Pakistan Economic Journal of Emerging Markets Pub Date : 2021-04-01 Amir Rafique,Muhammad Umer Quddoos,Shujat Ali,Faheem Aslam,Muneeb Ahmad
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Government fiscal spending and crowd-out of private investment: An empirical evidence for India Economic Journal of Emerging Markets Pub Date : 2021-04-01 Shiv Shankar
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Bank lending in an emerging economy: How does central bank reserve accumulation matter? Economic Journal of Emerging Markets Pub Date : 2021-04-01 Van Dan Dang,Japan Huynh
Purpose - The paper examines the impacts of the central bank's foreign exchange reserves on bank lending, captured by the dimensions of quantity (loan growth) and quality (credit risk). Methods - This research analysis is based on bank-year observations in Vietnam during 2007–2019 and employs the two-step system Generalized Method of Moments in dynamic panels. Findings - This study finds that banks
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Environmental Kuznets Curve: Moderating role of financial development Economic Journal of Emerging Markets Pub Date : 2021-04-01 Mansoor Mushtaq,Shabbir Ahmed
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Nexus between real effective exchange rate misalignment and rubber export in Nigeria Economic Journal of Emerging Markets Pub Date : 2021-01-01 Ridwan Mukaila
Purpose - This study examines the nexus between the real effective exchange rate misalignment (REERM) and rubber exports in Nigeria. The effects of equilibrium real exchange rate (ERER) and some economic fundamentals on rubber exports are also investigated. Methods - Johansen cointegration, vector error correction model and Granger causality test are employed as methods of data analysis. Findings -
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The spillover of shadow interest rate to the excess returns in emerging markets Economic Journal of Emerging Markets Pub Date : 2021-01-01 Oguzhan Ozcelebi,Mehmet Tevfik Izgi
Purpose - This study focuses on the monetary policy transmission of the U.S. on the excess returns in emerging markets by estimating the impacts of changes in the shadow interest rate in the U.S. on the Barclays Benchmark EM FX Trend Excess Return Index (FXERI) and the Barclays Cross Asset Trend Index – EM FX ER (CRASERI). Methods - To account for the spillover effects of the macroeconomic and financial
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The effect of real exchange rate misalignment on economic growth: Evidence from emerging markets Economic Journal of Emerging Markets Pub Date : 2021-01-01 Abdullahil Mamun,Emrah Eray Akça,Harun Bal,Nazamul Hoque
Purpose – This study’s main purpose is to investigate the effect of real exchange rate misalignment on economic growth performance for 21 emerging markets from 1980 through 2016. Methods – The study individually measures the real exchange rate misalignment series for 21 emerging markets by using the single-equation approach and then estimates the effect of real exchange rate misalignment, undervaluation
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Exchange rates and oil price under uncertainty and regime switching: A Markov-switching VAR approach Economic Journal of Emerging Markets Pub Date : 2021-01-01 Nagmi Moftah Aimer,Abdulmula Albashir Lusta
Purpose - This paper analyses the effects of the US economic policy uncertainty index and oil price changes on the dollar exchange rate over a monthly period from January 2006 to August 2020. Methods - This paper uses the Markov-switching Vector Auto-Regressive (VAR) model. Findings - The results show that the sharp decline regime in the exchange rate is the most stable. In addition, the impact of
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Lingering effects of foreign resource dependency in Pakistan: Assessing gains from domestic resources Economic Journal of Emerging Markets Pub Date : 2021-01-01 Mubbasher Munir,Muhammad Saeed Meo,Kinza Younas,Noman Arshed,Asma Khalid Jamil
Purpose - This study explores the asymmetric effects of FDI (Foreign Direct Investment) on economic growth in Pakistan. Methods - This paper uses an Asymmetric Effects ARDL (Autoregressive Distributed Lag) model. Findings - The results show that the effects of increasing and decreasing FDI are not equal. The study concludes that reducing FDI is more beneficial for economic growth, particularly in the
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Does economic freedom affect entrepreneurship? Insights from Africa Economic Journal of Emerging Markets Pub Date : 2021-01-01 Folorunsho M Ajide
Purpose - Literature suggests that entrepreneurship can serve as a veritable tool for providing decent employment and improving economic prosperity. Therefore, the objective of this study is to examine the impact of economic freedom on entrepreneurship in Africa. Design/methodology/approach - The study employs data of 18 African countries covering a period of 2007-2018. The analysis is based on the
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Personal income distribution in Turkey: A generalized ordered logit analysis Economic Journal of Emerging Markets Pub Date : 2020-10-01 Vedat Kaya,Ali Kemal Çelik,Muhammet Kutlu
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Oil price and stock market returns uncertainties and private investment in Saudi Arabia Economic Journal of Emerging Markets Pub Date : 2020-10-01 Imed Medhioub, Mohammed Makni
The private sector plays a crucial role in the economy. This paper constructs an empirical model for the sector in Saudi Arabia. It incorporates oil price uncertainty as well as stock market returns volatility to predict the sector. It estimates the GARCH (generalized autoregressive conditional heteroskedasticity) and ARDL (autoregressive distributed lag) models. Findings/Originality: Our estimations
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Government expenditure and standard of living in an emerging market in Africa–Nigeria Economic Journal of Emerging Markets Pub Date : 2020-10-01 Sarah Elechi Jeff-Anyeneh, Amalachukwu Chijindu Ananwude, Gideon Kasie Ezu, Andrew Izuchukwu Nnoje
The effect of government expenditure on the standard of living has different impact for various level of economies. In this study, we determined the effect of government recurrent and capital expenditure on the standard of living in Nigeria using a test of causation. The long and short run estimates were done by utilizing an Autoregressive Distributive Lag (ARDL) model using data that spanned from
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The linkage between globalisation and financial inclusion: Do inequality and institutions matter? Economic Journal of Emerging Markets Pub Date : 2020-10-01 Malik Cahyadin
This paper examines the effect of the globalization threshold on financial inclusion in 40 selected countries during 2000-2018. A principal component analysis (PCA) and a static panel threshold (SPT) are utilized. There are three dimensions and one aggregation of financial inclusion indicators assessed by PCA, while the globalization threshold is estimated under static panel threshold regression.
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The impact of real effective exchange rate on revealed comparative advantage and trade balance of Pakistan Economic Journal of Emerging Markets Pub Date : 2020-10-01 Muhammad Siddique, Ahsan Anwar, Muhammad Abdul Quddus
This study estimates the effects of devaluation and appreciation of real effective exchange rate ( REER ) on revealed comparative advantage ( RCA ) at Harmonized System 2-digit level of exports in Pakistan. A non-linear Autoregressive Distribute Lag ( ARDL ) technique is applied to test the asymmetric evidence. This study employs two models to explore the export performance. Findings/Originality: The
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Institutional factors, entrepreneurship capital types, and economic growth in Asian countries Economic Journal of Emerging Markets Pub Date : 2020-10-01 Dung Tien Luu
The study investigates the relationship between institutional factors, entrepreneurial types, and economic growth. The analysis is based on an unbalanced panel data of 18 Asian countries over 2006-2018 using a 3SLS estimation method. The study extends the neoclassical growth model with entrepreneurship capital types as an endogenous variable to the economic growth function. Findings/Originality : The
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Unit root tests in the presence of structural breaks: Evidence from African stock markets Economic Journal of Emerging Markets Pub Date : 2020-10-01 Osarumwense Osabuohien-Irabor
This paper examines whether stock prices for fourteen African countries are affected by transitory or permanent shocks. This study answers whether Africa stock market indices are mean-reverting or random-walk in the presence of multiple structural breaks. To investigate African equity price behavior, we considered one and two endogenously determined structural break tests of Zivot and Andrews (1992)
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Regional financial inclusion and poverty: Evidence from Indonesia Economic Journal of Emerging Markets Pub Date : 2020-04-01 Iwan Fathi Fauzan, Muhammad Firdaus, Sahara Sahara
This paper builds a financial inclusion index of thirty-three provinces in Indonesia from formal financial institutions banks. It aim at analyzing how the financial inclusion index relates to regional poverty using a spatial panel econometric approach. Findings/Originality: The results show that the average financial inclusion index of each province in Indonesia is still in a low category, and there
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Economics of agritourism development: An Iranian experience Economic Journal of Emerging Markets Pub Date : 2020-04-01 Mohammad Hossein Askarpour, Amir Mohammadinejad, Reza Moghaddasi
Agritourism is known as a means of identification and realization of various on-farm and off-farm attractions existing in rural areas. This study aims at exploring the main determinants of agritourism development in Iran. Data were obtained via field survey and interview with 115 sample farmers from areas currently presenting agritourism services. By using a multinomial logit model, the impacts of
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Parametric reform analysis of the Moroccan public pension system Economic Journal of Emerging Markets Pub Date : 2020-04-01 Hind El-houjjaji, Abdellah Echaoui
In 2016, the government of Morocco adopted a parametric reform intended to deal with the critical financial situation of the CMR civilian pension regime. We examine the robustness of this reform using the Cohort-Component population projection model to the fund's population during the period 2014-2064. Then we lead a projection of the scheme financial situation. Moreover, we project the status quo
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Analysis of consumer preferences for prepaid mobile internet packages in Iran: A Discrete Choice Experiment Economic Journal of Emerging Markets Pub Date : 2020-04-01 Arya Sohrabi, Mir Saman Pishvaee, Ashkan Hafezalkotob, Shahrooz Bamdad
As a first discrete choice experiment in Iran emerging telecommunication market, this paper studies consumer preferences for prepaid mobile internet packages with a combined software and paper-based interview. A two-stage Bayesian D-optimal design procedure is deployed to design choice sets of mobile internet packages from four main attributes. The utility structure and customers’ willingness-to-pay
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The impacts of liberalization and trade facilitation on economic performance, poverty and income inequality: An analytical study Economic Journal of Emerging Markets Pub Date : 2020-04-01 Sukoco Sukoco, Djoni Hartono, Arianto Patunru
This study examines the impacts of import duty and trade transaction cost reductions on economic performance, poverty, and income distribution inequality, through the top-down computable general equilibrium approach. Findings/Originality: It reveals that reducing import duty in agricultural decreases urban poverty but increases the poverty incidence at the rural and national levels. Reducing import
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The relationship between unemployment and immigration with linear and nonlinear causality tests: Evidence from the United States Economic Journal of Emerging Markets Pub Date : 2020-04-01 Alper Aslan, Buket Altinöz
This paper investigates the relationship between the immigrant population and the unemployment rate in the United States for period from 1980 to 2013. For this purpose, firstly, coefficient of long and short run is estimated by using Autoregressive Distributed Lag (ARDL) method and then, linear and nonlinear causality test are applied. Findings/Originality: According to ARDL test results; there is
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Risk-adjusted and Bonferroni-adjusted seasonality in emerging Asian stock markets Economic Journal of Emerging Markets Pub Date : 2020-04-01 Faheem Aslam, Bilal Ahmed Memon, Khurram Shahzad Mughal
Existing literature on market seasonality focuses mainly on returns anomalies with little or no attention to risk adjustment. This study investigates risk-adjusted, and Bonferroni adjusted day-of-the-week anomalies in nine emerging Asian stock markets. The data consist of the daily prices of nine stock indices from January 1997 to September 2019. The MSCI emerging market index was employed as a proxy
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The causal effects of education on wages: evidence from Kyrgyzstan Economic Journal of Emerging Markets Pub Date : 2019-10-01 Ebru Caglayan Akay, Zamira Oskonbaeva, Irem Sacakli-Sacildi
This sudy uses a Mincerian earnings function to estimate the effect of education and experience on the wages of women working in developed business and trade center of Bishkek, Kyrgyzstan. It employs a robust median regression and M Regression to estimate the fuctions for both public and private sectors. The paper also estimates the fuction using a least squared regression for comparisson. Finding/Originality:
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Do bankruptcy profiles of Islamic banks differ across organizational structure? evidence from Malaysia Economic Journal of Emerging Markets Pub Date : 2019-10-01 Nik Nurul Hidayah Nik Zainudin, S. Shahida, Ahmad Azam Sulaiman@Mohamad
Malaysian Islamic banks operate in different organizational structures, namely domestic, locally foreign incorporated, and development financial institutions which may have an influence on their stability. This research evaluates the bankruptcy profiles of 19 selected Malaysian Islamic banks from 2010 to 2017 and analyses the insolvency risk associated with the three different organizational structures
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Determinants of capital expenditure spending in Malaysian palm oil industries: A dynamic panel data analysis Economic Journal of Emerging Markets Pub Date : 2019-10-01 Afza Asyura Mohd Hisham, Zulkefly Abdul Karim, Norlin Khalid
This study aims to investigate the determinants of capital expenditure (capex) for Malaysian palm oil companies listed at Bursa Malaysia. The study uses the dynamic panel data analysis (generalized method of moment) estimation for the sample of 40 palm oil-oriented firms that spanning from year 2000 until 2016. Findings/Originality: The empirical findings revealed that, in the short run and the long
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Willingness to pay and actual purchase decision for organic agriculture products in Vietnam Economic Journal of Emerging Markets Pub Date : 2019-10-01 Dung Tien Luu
This article aims to investigate the determinants of willingness to pay and the actual purchase decision of organic agriculture products among consumers in Vietnam, one of the emerging markets. The study uses primary survey data of 210 consumers based on the logit and ordered logit regression models. Findings/Originality: The results confirmed that consumers' perceptions of external factors and product
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Impact of macroeconomic variables on foreign exchange reserves: A case from Pakistan Economic Journal of Emerging Markets Pub Date : 2019-10-01 Muhammad Azeem, Muzammil Khurshid
The study aims to investigate the effect of macroeconomic indicators on foreign reserves in Pakistan. A Vector Autoregressive (VAR) model has been used to estimate Pakistan’s foreign exchange reserves demand from the period of 1984 to 2015. Findings/Originality : The results indicate that macroeconomic variables such as remittances, exchange rate, the ratio of current account deficit to GDP and interest
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The impact of fiscal decentralization on economic growth in Indonesia Economic Journal of Emerging Markets Pub Date : 2019-10-01 Ari Mulianta Ginting, Muhammad Zilal Hamzah, Eleonora Sofilda
Fiscal decentralization was firstly implemented in 2001 and has brought a new era of local autonomy in Indonesia. The objective of fiscal decentralization to local government is to increase the economic growth and public service. This research uses a panel data regression and quadrant analysis method with the data of cluster districts and cities in Indonesia from 2013 to 2018. Findings/Originality
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Financial development and performance of palm oil industry in Malaysia Economic Journal of Emerging Markets Pub Date : 2019-10-01 Syajarul Imna Mohd Amin, (1), (2), (3), (4), (, Aisyah Abdul-Rahman, Hawati Janor, Abdullah Khairi Mohd Asri, Darmawati Muchtar
The finance-growth nexus is gaining credence among researchers. Growing research interest in developing evidences for different economic sectors has ignited this study to examine the topic in agricultural sector for Malaysia. The analysis focuses on palm oil industry using data for the period 1981 to 2017 using the Autoregressive Distributed Lagged (ARDL-bounds) approach. Financial development measures
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Duration of educated unemployment Economic Journal of Emerging Markets Pub Date : 2019-10-01 Dody Setyadi, Yuli Sudarso, Muhammad Nahar, Sugiyanta Sugiyanta
The study aims to describe the characteristics of unemployed workers in Central Java Province and to determine the model of educated unemployment duration. It uses the linear regression model of 1721 workforces that are sampled from National Labor Survey 2015. The model regress the unemployment duration on age, sex, education level, income during unemployment period and GRDP of the industrial, service
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Demand for Indonesian cocoa beans in a dilemma: Case study Malaysian market Economic Journal of Emerging Markets Pub Date : 2019-04-01 Awan Setya Dewanta
Indonesian cocoa industry has been transforming into a processed cocoa exporter by imposing export taxes. The policy has managed to increase exports of processed cocoa and decreased cocoa bean exports. However, overall export value of cocoa commodities (cacao bean and processed cocoa) has a declining trend, where an increase in the export value of processed cocoa has not been able to offset the decline
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Beyond finance: Impact of Islamic finance on economic growth in Pakistan Economic Journal of Emerging Markets Pub Date : 2019-04-01 Huma Nawaz, Maira Abrar, Asma Salman, Syed Muhammad Hassan Bukhari
Islamic finance, which may have been considered only in the context of a multitude of trading structures among economists, merits a fresh evaluation in how it dovetails with and supports national economic growth. This study examines the dynamic interaction between Islamic financing and economic growth of Pakistan by employing the unit root test, cointegration test and Granger Causality tests to see
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Volatility interdependences in the Saudi stocks market Economic Journal of Emerging Markets Pub Date : 2019-04-01 Yassin Ibrahim Eltahir, Osama Azmi Sallam, Hussien Omer Osman, Fethi Klabi
This study attempts to answer whether there is an interaction and volatility between the variances of the stock returns in the Saudi market. The sample represents daily stock prices of five sectors i.e. basic materials, banking, services, food, and transportation (SABIC, Al Rajhi, Etisalat, Almarai, and Al Bahri, respectively) from 2011 to 2016. The study applied the M-GARCH-DVEC methodology to estimate
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Financial development and economic growth in Indonesia: An ARDL-Bounds testing approach Economic Journal of Emerging Markets Pub Date : 2019-04-01 Leli Sumarni
The objective of this paper is to analyze the influence of financial development on economic growth in Indonesia using quarterly time series data for the period of 2005 to 2016. It uses an Autoregressive Distributed Lagged (ARDL-bounds) testing approach to cointegration to estimate the relationships among the variables. The financial development indicators used in this paper are financial credit, financial
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On the nexus between exchange rate and income distribution in Turkey: ARDL bound testing analysis Economic Journal of Emerging Markets Pub Date : 2019-04-01 Arif Eser Güzel, Ünal Arslan
If we talk about the importance of variables in economic development, income distribution is not the second to economic growth, especially in emerging countries. These emerging countries are generally characterized by the volatility of exchange rates, especially after most of the countries adopted floating exchange rates system. This paper investigates the impact of an increases in dollar value on
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The effect of economic sanctions on the volume of trade in the agriculture sector of Iran and business partners in the EU Economic Journal of Emerging Markets Pub Date : 2019-04-01 Seyed Yaghoub Zeraatkish, Zahra Farahmand
Iranian economy was under pressured during the period of international trade sanctions. This paper investigates the effect of the economic sanctions on the bilateral agriculture trade of Iran with ten main trading partners in European Union between 2001 to 2015. A modified gravity model is used as an empirical international trading model and panel data are used for investigating the effect of sanctions
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Continuous flood risk reduction on MSMEs: Implementation of MACTOR program Economic Journal of Emerging Markets Pub Date : 2019-04-01 Muzakar Isa, Liana Mangifera
This study aimed at analyzing the vulnerability of an area to flood, identifying the involved stakeholders in the existing institutions, analyzing the significance level and the role of stakeholders in reducing flood risk, and analyzing the relationship among stakeholders in the effort of reducing flood risk in Klaten Regency, Central Java, Indonesia. The data analysis is conducted using indexing,
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The spillover effects of foreign direct investment on labor productivity Economic Journal of Emerging Markets Pub Date : 2019-04-01 Riesta Karentina
This study examines the effect of FDI spillovers, short-term and long-term effects of FDI spillovers on domestic firms’ productivity. It also explores the impact of FDI spillovers on domestic firms’ productivity in different groups of industries based on their factor intensity. Micro-level panel data covering about 20,000 medium and large manufacturing establishments in each year over the period 2010
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Determinants of global palm oil demand: A gravity approach Economic Journal of Emerging Markets Pub Date : 2018-10-01 Rini Yayuk Priyati
This paper reviews the determinants of global palm oil trade using the gravity model. This model helps to explain how the shift in demand for palm oil has affected trade flows among trading partners. We decompose the effects of growth in the regional markets, location, and the reduction in the palm oil price relative to other edible oils, on palm oil exports. We find that standard variables suggested
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Macroeconomic effect and risk-taking behavior in a dual banking system Economic Journal of Emerging Markets Pub Date : 2018-10-01 Faaza Fakhrunnas, Wulan Dari, Mustika Noor Mifrahi
This study aims to analyze the relationship between macroeconomic factors and risk-taking behavior in a dual banking system. Adopting a panel cointegration approach, this research posits macroeconomic factors as exogenous variables and risk-taking behavior as endogenous variables. With having 468 quarterly-observations consisting of 18 banks in Indonesia during 2010-Q4 to 2017-Q1, it finds that the
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The inclusive economic development model in Sulawesi island Economic Journal of Emerging Markets Pub Date : 2018-10-01 Rudy Badrudin, Manggar Wulan Kusuma, Ranti Yulia Wardani
This study aims to determine whether there is an inclusive economic development in Sulawesi Island. Source data used are secondary data from the financial statements of the Local Government regency and city in Sulawesi Island in 2009-2016. The data analysis technique used is the analysis Partial Least Square were tested using samples 9 different areas. The results showed that 1) general allocation
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Spin-off, market structure, and deposit funds: case in the Indonesian Islamic banking industry Economic Journal of Emerging Markets Pub Date : 2018-10-01 Mohammad Nur Rianto Al Arif Al Arif
The regulator had imposed some Islamic business units to do the spin-off after the enactment of the Islamic banking act (The Act No. 21 of 2008). The aim of this research is going to examine the relationship between spin-off, market structure, and deposit funds. Regression with panel data was using as a tools of analysis. The result shows that there is a difference in deposit funds between the spin-off
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Economic agglomeration, economic growth and income inequality in regional economy Economic Journal of Emerging Markets Pub Date : 2018-10-01 Imam Mukhlis, Isnawati Hidayah, Sariyani Sariyani
This study has the aims to analyse the relationship between economic agglomeration and economic growth to income inequality that occurs in regional development post-implementation of regional autonomy policy in East Java District / City of Indonesia in the year of 2011-2015. The method of analysis used is Panel Data with Random Effect Model. The result of the research concludes that economic agglomeration
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Import competition and local labor markets: the case of Indonesia Economic Journal of Emerging Markets Pub Date : 2018-10-01 Fina Sri Agustina
This paper analyzes the effects of import competition on Indonesian local labor markets in term of manufacturing employment share, non-manufacturing employment share, unemployment rate, and wages. A rapid increase of globalization has caused many countries including Indonesia experienced a significant increase in imports, which lead to a tougher import competition. Using data of imports and 430 districts