Economics
Rahmat Hidayat; Agnes Quartina Pudjiastuti; Sumarno Sumarno
Abstract
Oranges are favored by consumers, especially during pandemic covid-19, because they contain high vitamin C. Gadingkulon Village, located in Dau District, Indonesia, is one of the largest oranges producing villages. Mainstay plantation commodities of the village are tangerines and siamese. Agricultural ...
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Oranges are favored by consumers, especially during pandemic covid-19, because they contain high vitamin C. Gadingkulon Village, located in Dau District, Indonesia, is one of the largest oranges producing villages. Mainstay plantation commodities of the village are tangerines and siamese. Agricultural commodities generally fluctuate in price and production. The study’s purpose was to evaluate feasibility of farming tangerines and siamese. Data were collected from 87 farmers who grow both types of oranges. Farmers were selected by simple random sampling, where the number is determined using slovin formula. The data were analyzed using investment criteria of revenue cost ratio, benefit cost ratio, break event point for price and production, payback period, net present value and internal rate of return. The results show that tangerine and siamese farming were feasible to develop because investment criteria number exceeds some criteria. Payback period is less than five years, price and production break event point were lower than that received by farmers, net present value is relatively large and positive, rate of return on capital is higher than social opportunity cost of capital. Oranges farming was feasible yet, even though prices have fallen by 10% and production by 30%. Siamese were more profitable than tangerines.
Jamadori Gorganli Doji; Davood Taghavi; Amir Shams Koloukhi
Volume 5, Issue 8 , August 2018, , Pages 633-642
Abstract
In this study, the effect of the changes in the value of fixed assets of the firms on reporting quality, financing, and investment, as a foreign factor, was examined in 152 listed firms in Tehran Stock Exchange based on the written information in the financial reports of these firms from 2006-2016. Hypotheses ...
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In this study, the effect of the changes in the value of fixed assets of the firms on reporting quality, financing, and investment, as a foreign factor, was examined in 152 listed firms in Tehran Stock Exchange based on the written information in the financial reports of these firms from 2006-2016. Hypotheses were tested using multivariate regression through Eviews software. Results showed that changes in the value of tangible fixed assets have lower effect on the financing of the firms with high reporting quality compared to the firms with lower reporting quality; but, this was not the case about investment. Also, results showed that changes in the value of fixed assets is correlated with reporting quality. Although based on explained theories in the literature, the correlation of financial reporting quality and provision cost was confirmed, the results of this study didn’t show the effect of changes in the value of fixed tangible assets on the investment of listed firms in Tehran Stock Exchange.
Benjamin Ighodalo Ehikioya
Volume 5, Issue 7 , July 2018, , Pages 498-515
Abstract
This study examines the influence of exchange rate volatility on foreign direct investment flows to the Nigeria economy. The study employs the ARCH, GARCH and EC models to analyze time series data for the period 1970 to 2016. The study established the stationarity of the data series and carried out the ...
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This study examines the influence of exchange rate volatility on foreign direct investment flows to the Nigeria economy. The study employs the ARCH, GARCH and EC models to analyze time series data for the period 1970 to 2016. The study established the stationarity of the data series and carried out the cointegration tests. The result of the study reveals that exchange rate volatility tends to persist throughout the study period. The findings of the study established empirical evidence to support the views that exchange rate volatility has a negative and significant influence on foreign direct investment inflows to Nigeria. The study demonstrates that increase in inflation exerts a negative effect on foreign direct investment inflows to Nigeria. The results of the analysis revealed that trade openness and interest rate have a positive influence on FDI in Nigeria. Thus, it is important for the government to muster the political will with efforts to create a stable environment to boost domestic production of export commodities and investment inflows. In addition, it is imperative for the government through its regulatory agencies to pursue a sound exchange rate regime with good policies and programs that would encourage investments in the economy.
Attahir Babaji Abubakar; Ahmed Jinjiri Bala
Volume 3, Issue 3 , March 2016, , Pages 174-184
Abstract
This paper examines the impact of Domestic Investment and Foreign Direct Investment (FDI) on economic growth of India for the period 1980-2013 by employing the Vector Error Correction Model (VECM) methodology. Domestic Investment was broken down into Private investment and Public Investment. The ...
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This paper examines the impact of Domestic Investment and Foreign Direct Investment (FDI) on economic growth of India for the period 1980-2013 by employing the Vector Error Correction Model (VECM) methodology. Domestic Investment was broken down into Private investment and Public Investment. The Augmented Dickey Fuller (ADF) test for unit root, Johansen Cointegration test, VECM, Short run Causality and Impulse Response Function (IRF) were the tools of analysis employed by the study. ADF test for unit root result shows all variables to be integrated of order one I (1), i.e. they became stationary after taking first difference. Johansen Cointegration Trace and Max-Eigen Value test shows the presence of cointegration (long run relationship) among the variables. Normalised long run estimates showed Private Domestic Investment and FDI to have a positive and significant relationship with economic growth. The relationship between Labour and economic growth was positive, though statistically insignificant, while Public investment was found to have an insignificant negative relationship with economic growth of India. Short run dynamics of the model shows Private Domestic Investment to have a significant positive relationship with Economic Growth, while FDI was found to have a short run negative impact. Other variables were found to be statistically significant in the short run. Short run Causality result confirms the presence of a short run causal relationship between Private Domestic Investment and FDI with economic growth, running from the variables to economic growth. Impulse Response Function (IRF) showed the response of GDP to a unit standard deviation innovation/ shock on Private Domestic Investment, FDI and Labour to be positive, while the response to shock in Public Investment was negative. Policy recommendations of the study to the government include the enhancement of Private Domestic Investment by removal of bottlenecks to private investment such as high interest rates, excessive taxation. The government should also encourage more FDI inflows through the creation of enabling and friendly environment to do business in India.
Adel Shakeeb Mohsen
Volume 2, Issue 6 , June 2015, , Pages 527-537
Abstract
This study attempts to test the effect of exports and investment on the Syrian economy over the period 1960-2010. The cointegration test indicates that GDP is positively and significantly related to exports and investment. The Granger causality test indicates unidirectional causality relationship running ...
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This study attempts to test the effect of exports and investment on the Syrian economy over the period 1960-2010. The cointegration test indicates that GDP is positively and significantly related to exports and investment. The Granger causality test indicates unidirectional causality relationship running from exports to GDP, and bidirectional causality relationships between investment and GDP in the short and long run. The study result indicates that the government's economic policy in enhancing exports and encouraging investment was a successful policy to improve the Syrian economy.