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Testing the J Curve and the Marshall-Lerner Condition: Evidence from Southern African Development Community Countries
Gift Mndaka,
Exley Silumbu,
Ronald Mangani
Issue:
Volume 11, Issue 3, September 2022
Pages:
98-107
Received:
9 March 2022
Accepted:
31 March 2022
Published:
5 August 2022
DOI:
10.11648/j.eco.20221103.11
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Abstract: This study seeks to establish if there is empirical evidence in support of a currency devaluation or depreciation by testing the validity of the J-curve and the Marshall-Lerner condition using evidence from SADC member countries. The study objective is twofold; to test if a depreciation or devaluation worsens the trade balance in the short run and to test if a depreciation or devaluation improves the trade balance in the long run. The study adopts Autoregressive Distributed Lagged (ARDL) cointegration technique on a period from 1980 to 2018 for SADC countries using data from the World Development Indicators and the Trade Map. The study finds that the theory holds for Angola at 1.0 percent level of significance; at 5.0 percent level of significance, it holds for; Comoros and Seychelles; and at 10.0 percent level of significance, it holds for Madagascar, Eswatini and South Africa. Lastly, the theory does not to hold for Botswana, the Democratic Republic of Congo, Lesotho, Malawi, Mozambique, Namibia, Tanzania and Zambia. For economies whose results are not consistent with the J curve phenomenon, the study suggests that authorities need not to exclusively rely on the exchange rate policy. Deliberate policies toward export diversification and fiscal policies have to be employed to resolve the financial challenges faced by in the export sector.
Abstract: This study seeks to establish if there is empirical evidence in support of a currency devaluation or depreciation by testing the validity of the J-curve and the Marshall-Lerner condition using evidence from SADC member countries. The study objective is twofold; to test if a depreciation or devaluation worsens the trade balance in the short run and ...
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Assessment of Factor Affecting the Participation of Person with Disabilities in Development Program: The Case of Nekemte Town, Oromia Regional State
Issue:
Volume 11, Issue 3, September 2022
Pages:
108-116
Received:
24 June 2022
Accepted:
27 July 2022
Published:
9 August 2022
DOI:
10.11648/j.eco.20221103.12
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Abstract: The issue of Person With disability participation on the development Program became the hub of agenda of government and Non-Government Organization’s across the country. Therefore, the main purpose of the study was to assess factors affecting persons with disability to participate in development program in Ethiopia in the context of Nekemte Town. The specific objective of the study was to identify infrastructure, education level, and technology and resource availability affect persons with disability to participate in development program in Nekemte Town. From different types of research designs the researcher used descriptive and explanatory type of research design. The study is used both primary and secondary data. Based on the nature of the problem the researcher selects a mixed method approach (Qualitative and Quantitative) which is used to answer the research questions. The study used descriptive and explanatory research design which incorporated both quantitative and qualitative approaches. The data was analyzed with use of descriptive and inferential statistics and data presented as frequency distribution tables. The data were processed by the help of Statistical Package for Social Science version 24. The findings of this study showed that infrastructure, educational level, technology and resource availability has positive and statistically significant impact on disabled persons’ participation in development program in case of Nekemte Town. The researcher provided recommendations such as increasing educational level, treating disabled person equal to others, arranging donation for rumps and friendly walkways, providing training on technologies and finding sponsor for financial and physical resources.
Abstract: The issue of Person With disability participation on the development Program became the hub of agenda of government and Non-Government Organization’s across the country. Therefore, the main purpose of the study was to assess factors affecting persons with disability to participate in development program in Ethiopia in the context of Nekemte Town. T...
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Economic Factors and Stock Market Performance: Sri Lankan Context
Ediriweera Arachchige Indunil Nelunika Ediriweera,
Arachchige Rohana Dissanayake
Issue:
Volume 11, Issue 3, September 2022
Pages:
117-127
Received:
15 July 2022
Accepted:
1 August 2022
Published:
12 August 2022
DOI:
10.11648/j.eco.20221103.13
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Abstract: This research aims to understand the effect of macroeconomic factors on the performance of the share market, which would attract the attention of economic policymakers in terms of enhancing investments within Sri Lanka. The study followed a positivism research philosophy and applied a deductive research approach. Thereby, the quantitative data was used to reach conclusions. The study derived two macroeconomic factors based on the key macroeconomic variables by using Principal Component Factoring: Economic Growth Factor and Time Value of Money Factor for the analysis. Based on the monthly data collected for 213 months from January 2002 to September 2019, the study developed GARCH (1,1) model to understand the time-series impact of the macroeconomic factors on the All-Share Price Index. The results of the GARCH (1,1) model revealed that the All-Share Price Index of the previous month and the time value of money factor are more deterministic when forecasting the share market performance in the forthcoming month. However, the economic growth factor showed an insignificant impact on the performance of the Colombo Stock Exchange. In conclusion, better share market performance of the previous month and time value of money factor together are significantly impacting to motivate investors in the Sri Lankan stock exchange than other macroeconomic variables (ceteris paribus).
Abstract: This research aims to understand the effect of macroeconomic factors on the performance of the share market, which would attract the attention of economic policymakers in terms of enhancing investments within Sri Lanka. The study followed a positivism research philosophy and applied a deductive research approach. Thereby, the quantitative data was ...
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Assessing the Government Budget Utilization and Control Mechanism in Case of Guto Gida Woreda Finance and Economic Development Office
Issue:
Volume 11, Issue 3, September 2022
Pages:
128-136
Received:
6 August 2022
Accepted:
3 September 2022
Published:
21 September 2022
DOI:
10.11648/j.eco.20221103.14
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Abstract: Budgeting is a plan of resources which is available to a person or an organization and how it was spent over a particular period. Budget is a planning process that involves making decision under condition of uncertainly and has consequences for period of time. The main objective of the study is to assess the government budget utilization and control mechanism in case of Guto Gida woreda finance and economic development office. judgmental sampling was used for this study because the researchers have complete freedom in choosing sample according to their wishes and desired and also this sampling technique enables to obtained more information. The researchers was select 16 of employees from a total of 25 employees of the organization. The target populations for this study was employees of Guto Gida woreda finance and economic development office. The findings of the study were Dalliance in budget preparation, Lack of experienced and skilled man power on budget preparation and implementation, Shortage of budget amount, lack of budget control and budget administration and also the recommondations for this study were Hiring new professional personnel Encouraging and facilitating the ways for existing employees for further education, this is why most of the employees and different sections are diploma and certificate holders. Giving training for the workers or employees in the field of their work frequently.
Abstract: Budgeting is a plan of resources which is available to a person or an organization and how it was spent over a particular period. Budget is a planning process that involves making decision under condition of uncertainly and has consequences for period of time. The main objective of the study is to assess the government budget utilization and contro...
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