A Mathematical Approach To The Money Multiplier Analysis On Indonesian 1997–1998 Monetary Crisis,
2023
Climate Policy Initiative
A Mathematical Approach To The Money Multiplier Analysis On Indonesian 1997–1998 Monetary Crisis, Albertus Prabu Siagian
Economics and Finance in Indonesia
In crisis moments, massive liquidity supports, extensive cash withdrawal, and large reserve hoarding can all lead to the change in monetary base, currency ratio, and reserve ratio respectively. In turn, all these disruptions could cause money supply to change. This research aims to find out which factor (among the change in monetary base, currency ratio, and reserve ratio) became the main causal factor of increasing money supply in Indonesia during 1997–1998 crisis. The method follows mathematical equation models used by Friedman & Schwartz (1963) and Stauffer (2006) in analyzing Great Depression in the US. This research has found that the …
Energy And Economic Growth Nexus: A Long-Run Relationship In Indonesia,
2023
Department of Business Economics, Universitas Prasetiya Mulya
Energy And Economic Growth Nexus: A Long-Run Relationship In Indonesia, Kelvan Darrian, Patricia Scholastica, Yohanes B. Kadarusman, Dandy Rafitrandi
Economics and Finance in Indonesia
Energy plays an important role in economic growth in which it affects total factor productivity (TFP). Energy conservation efforts to address global climate change may adversely affect economic growth, particularly in the long run. This study analyses the short- and long-run relationship between energy consumption (both non-renewable (NREC) and renewable (REC)) and economic growth in Indonesia within the period of 1985 to 2019. Using the vector-error correction model (VECM), the paper discovered a short-run unidirectional causality from NREC and REC to economic growth. Economic growth in Indonesia is dependent on energy consumption. The finding proves the growth hypothesis in the …
The Economic Surplus, The Baran Ratio, And Long Wave Cycles,
2023
University of Louisville
The Economic Surplus, The Baran Ratio, And Long Wave Cycles, Thomas E. Lambert
Faculty and Staff Scholarship
This paper briefly outlines the idea and development of the economic surplus concept at the macroeconomic level as opposed to the one in microeconomics often labeled as a Marshallian surplus. Of special interest and focus is the concept as developed and used by heterodox economists. The notion of a residual amount of output or income over and above what is necessary for a society’s consumption (education, housing, food, clothing, health care, transportation, and other necessities of life) that can be used either for further consumption by an elite class, used for reinvestment in productive activities, and/or wasted on unproductive efforts …
Sociodemographic Effects On Financial Inclusion: Implications From Online Transaction In Developing-8 Countries,
2023
Universitas Muhammadiyah Yogyakarta
Sociodemographic Effects On Financial Inclusion: Implications From Online Transaction In Developing-8 Countries, Dyah Titis Kusuma Wardani, Navi'ah Khusniati, Susilo Nur Aji Cokro Darsono
Economics and Finance in Indonesia
The world has reached the industry 4.0, where technological developments have been widely applied to electronic payment, with no exception on Muslim countries. This study aims to investigate association between sociodemographic and financial inclusion in country D-8 in the probability of using online financial transactions. Using The Global Findex 2017 from D-8 Organization for Economic Cooperation included in OIC countries and the logistic regression, this study explores the effect of sociodemographic namely gender, education, income status and working status on online financial transactions users. Using control variables such as Gross Domestic Product (GDP), Inflation and Exchange reta, results show that, …
County-Level Unemployment Dynamics Following The Covid Recession: The Effects Of Ppp Loan Take Up,
2023
University of Mississippi
County-Level Unemployment Dynamics Following The Covid Recession: The Effects Of Ppp Loan Take Up, Preston Antes
Honors Theses
The COVID-19 pandemic caused a nationwide shutdown, dragging the US into a recession. To combat the effects of the pandemic on the economy, Congress created the Paycheck Protection Program (PPP) with the focus of preserving jobs and providing liquidity to small businesses. PPP created low-interest, forgivable business loans with forgiveness tied to a few benchmarks, providing a de facto cash transfer to small businesses. Did PPP preserve jobs? When examining Mississippi, this paper shows that counties with high cyclical unemployment participated more intensely in the program. Furthermore, the research shows that as loan totals grew within a county, local labor …
Chinese Political Rhetoric And Ideology: Tension And Pretension,
2023
University of Mississippi
Chinese Political Rhetoric And Ideology: Tension And Pretension, Israel Paredes
Honors Theses
This changing nature of the Chinese government’s ideology leads one to believe that its core beliefs are not dogmatic, despite the foundation for their ideology being rooted in specific societal and economic theories. Starting with Mao Zedong to modern day, the Chinese government officials will continue to support the original tenets (and, no doubt, future presidents’ additions to the tenets). However, the interpretation of their ideology over time is fluid and is used to support policies and actions during a political cycle. Chinese political leaders are unlikely to disagree with a past leaders, and will rather use their own interpretation …
Bitcoin Price Dynamics: A Multiple Regression Analysis Of Market Variables,
2023
Eastern Washington University
Bitcoin Price Dynamics: A Multiple Regression Analysis Of Market Variables, Zachary S. Biedscheid
2023 Symposium
Bitcoin, a decentralized digital currency (property), has gained significant attention recently as a potential alternative to traditional financial systems. This research project aims to explore the market variables of Bitcoin by conducting a multiple regression analysis. The literature review highlights market dynamics and the impact of Bitcoin in economics and finance, specifically in banking and monetary systems. It explores Bitcoin's decentralized nature and limited supply as a more secure and stable form of money, contrasting it with the flaws and inefficiencies of centralized banking systems. The dataset provides information on the Bitcoin market from July 23, 2010, to April 16, …
Breaking The Promise: The Burden Of Unfunded Liabilities On Future Generations,
2023
Liberty University
Breaking The Promise: The Burden Of Unfunded Liabilities On Future Generations, Thomas Savidge
Helm's School of Government Conference - 2021-2024
This paper discusses the trillions of dollars in government debt accumulated by state governments as well as the costs of debt on future generations. It examines unfunded pension liabilities, unfunded other post-employment benefit (OPEB) liabilities, as well as state bonded obligations and the crowding out effect of public debt onto state budgets. The paper also discusses opportunities for reform that can help alleviate the debt burden on future generations. Data are collected from state annual comprehensive financial reports (ACFRs) as well as public pension and OPEB actuarial valuations.
Renovating America's Electrical Grid: Renewable Sources And Resilient Delivery,
2023
Fordham University
Renovating America's Electrical Grid: Renewable Sources And Resilient Delivery, Justin O'Hare Giffee
Student Theses 2015-Present
Since the late 1800s, America’s electrical grid systems have relied primarily upon fossil fuels for sources of electricity. Due to the outdated structural foundations and glaring holes in distribution networks, the existing electrical grids struggle with electricity escaping, and modern issues such as cybersecurity, resilience, and weather-related events associated with climate change. This essay discusses ongoing problems with current electric grid systems and aims at explaining the importance of incorporating renewables as a solution for these problems into a new grid system. In the first chapter, a detailed explanation is provided regarding the current issues present in America's grid systems. …
Income Inequality And Economic Growth: An Analysis,
2023
University of Arkansas, Fayetteville
Income Inequality And Economic Growth: An Analysis, Nicholas Martin
Economics Undergraduate Honors Theses
Income inequality and its relationship with economic growth has been a subject of debate in academia for decades. This paper examines the relationship the Gini index of five selected countries and four macroeconomic variables (GDP growth, unemployment rate, lending interest rate, and savings rate) for each country with two developed nations being represented (United States and Italy) and three developing nations being represented (Peru, Belarus, and Indonesia). After reviewing the literature on the relationship between income inequality and economic growth, a multivariate regression analysis of each country is presented; first with GDP growth as the dependent variable, followed by a …
An Inquiry Concerning Japanese Yen Interest Rate Swap Yields,
2023
Citibank
An Inquiry Concerning Japanese Yen Interest Rate Swap Yields, Tanweer Akram, Khawaja Mamun
WCBT Working Papers
This paper econometrically models Japanese yen (JPY)–denominated interest rate swap yields. It examines whether the short-term interest rate exerts an influence on the long-term JPY swap yield after controlling for several key macroeconomic variables, such as core inflation, the growth of industrial production, the percentage change in the equity price index, and the percentage change in the exchange rate. It also tests whether there are structural breaks in the dynamics of Japanese swap yields and related variables. The estimated econometric models show that the short-term interest rate exerts an important influence on the long-term swap yield in some periods but …
Understanding Romania's Poverty: A Historical Overview Of Economics And Politics And Their Implications On Poverty Today,
2023
Liberty University
Understanding Romania's Poverty: A Historical Overview Of Economics And Politics And Their Implications On Poverty Today, Benjamin Bucur
Senior Honors Theses
Romania is a country with a high-income economy that is experiencing considerable growth following its economic reforms of earlier decades. With growth, tendencies for an unequal society are prevalent. Therefore, appropriate economic policies that are specifically targeted toward bottlenecks are essential. This thesis seeks to outline the major types of poverty in Romania while also offering actionable entrepreneurial and educational insights that practically combat poverty at its roots.
Inflation Dynamics And Expectations In Singapore,
2023
Singapore Management University
Inflation Dynamics And Expectations In Singapore, Hwee Kwan Chow-Tan
Research Collection School Of Economics
Inflation dynamics in Singapore have primarily been shaped by foreign factors, including global inflationary pressures and external macroeconomic shocks. More recently, the normalisation phase of the Covid-19 pandemic crisis has led to domestic price pressures from pent-up demand and supply-chain disruptions. Meanwhile, the war in Ukraine has resulted in a hike in the global prices of food, energy, and industrial commodities. Using inflation forecasts from the MAS Survey of Professional Forecasters as our measure of inflation expectations, we show that short-term inflation expectations have shifted up recently. Moreover, greater disagreement amongst survey respondents in the more recent surveys suggests individual …
Essays On Manufacturing And Growth,
2023
Clemson University
Essays On Manufacturing And Growth, Hugo Vaca Pereira Rocha
All Dissertations
The first chapter of this dissertation studies the role of human capital in generating economic convergence through its impact on manufacturing productivity growth and allocation of labor across sectors of the economy. I confirm and extend existing results showing that productivity in manufacturing – unlike its economy-wide counterpart – has exhibited convergence; that is, countries further behind the technology frontier tend to catch up to those on the frontier. I then show that the convergence in manufacturing is (a) somewhat accelerated by countries’ tertiary education levels and (b) faster in high-tech industries. Perhaps surprisingly, this is not driven by tertiary …
Vietnam’S Gdp: Re-Assessing Growth Rate And Identifying An Alternative Indicator,
2023
University of Richmond
Vietnam’S Gdp: Re-Assessing Growth Rate And Identifying An Alternative Indicator, My Linh D. Nguyen
Honors Theses
Since the economic reform known as Doi Moi (Renovation) in 1986, Vietnam has changed from one of the world’s poorest to a middle-income country in one generation (USAID, 2022). The country has consistently registered high and stable economic growth since the reform, averaging 6.3% from 1985 to 2021 (World Bank, 2022). High growth rate of gross domestic product (GDP) is good news, but it has also raised questions that go both ways. On one side, there is much speculation that the government of Vietnam has manipulated economic statistics, compared to the case of China and India. As quoted in Kinh …
Esg Reporting And Its Effect On Financial Performance Of Oil, Gas, And Utility Companies In The United States,
2023
University of Richmond
Esg Reporting And Its Effect On Financial Performance Of Oil, Gas, And Utility Companies In The United States, Logan Lam
Honors Theses
According to the Harvard Business Review article ESG Investing Isn’t Designed to Save the Plant (Pucker and King 2022), the term ESG investments – which stands for environmental, social, and governance investing – often confuses investors because it is unregulated. Additionally, the author continued to claim that the data is outdated and mostly unaudited. Even if data on these investments is available to investors, it can still be challenging for them to make decisions regarding ESG. Trusting compatibility and accuracy can be difficult considering that companies can choose how to produce or calculate their own ESG data. Another claim that …
Legal Setbacks, Disbursement Sudden Stops, And Fiscal Stimulus: An Empirical Characterization Of A Recent Philippine Characterization Of A Recent Philippine Fiscal Experience,
2023
De La Salle University-Manila
Legal Setbacks, Disbursement Sudden Stops, And Fiscal Stimulus: An Empirical Characterization Of A Recent Philippine Characterization Of A Recent Philippine Fiscal Experience, Lawrence B. Dacuycuy, Mariel Monica R. Sauler
Angelo King Institute for Economic and Business Studies (AKI)
No abstract provided.
Macroeconomic Determinants Of Stock Market Development In Sample African Economies,
2023
American University in Cairo
Macroeconomic Determinants Of Stock Market Development In Sample African Economies, Ehab Ayoub
Theses and Dissertations
This research paper studies the relationship between macroeconomic determinants as independent variables and different measures of stock market development as dependent variables across selected emerging economies in Africa for the period of 2002 to 2021, with a quarterly frequency using time series analysis. The independent variables used are Core Inflation, Deposit Rate, Foreign Direct Investment (FDI), FX Rate against USD, Domestic Credit, Gross Domestic Product (Real GDP), Exports, Imports, External Debt, and Foreign Reserves. We use these variables as our main determinants of measuring economic growth. With regards to stock market development, we use four proxy measures as our benchmark, …
Economic Forecasting In Singapore: The Covid-19 Experience,
2023
Singapore Management University
Economic Forecasting In Singapore: The Covid-19 Experience, Hwee Kwan Chow-Tan, Keen Meng Choy
Research Collection School Of Economics
This Special Feature considers how accurately professional forecasters have predicted GDP growth and inflation in Singapore, especially during rare events such as the Global Financial Crisis (GFC) and COVID-19. It also illustrates the value of forecast probability distributions in inferring forecasters’ uncertainty when making predictions, and the degree of consensus between projections from different forecasters. The authors find that one-year ahead forecast errors for GDP growth and inflation increased during the GFC and the COVID-19 pandemic. While professional forecasters did not appear to have followed the Government’s forecasts when predicting growth during the GFC, they may have exhibited ”leader-following” behaviour …
Modeling And Forecasting Inflation Rate In Nigeria: A Comparison Of Regression With Arima Errors And Arima Method,
2023
Institute of Management and Technology, Enugu, Nigeria
Modeling And Forecasting Inflation Rate In Nigeria: A Comparison Of Regression With Arima Errors And Arima Method, Barthelomew I. Ugwuanyi
Bullion
The paper aimed to determine the most appropriate method for forecasting inflation rate in Nigeria between Regression with Autoregressive Integrated Moving Average (ARIMA) errors and Autoregressive Integrated Moving Average (ARIMA) method. This study uses annual data for the period 1990-2021 from World Bank. One response variable and three predictor variables are adopted. The best ARIMA method was selected from the competing ARIMA methods using Akaike Information Criterion Corrected (AICC), while the root mean squared error (RMSE) and mean absolute percentage error (MAPE) are used to select the best forecast method between the two methods of interest. The result of this …
