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Publisher: KSP Journals   (Total: 6 journals)   [Sort by number of followers]

Showing 1 - 6 of 6 Journals sorted alphabetically
J. of Economic and Social Thought     Open Access   (Followers: 2)
J. of Economics and Political Economy     Open Access   (Followers: 7)
J. of Economics Bibliography     Open Access   (Followers: 1)
J. of Economics Library     Open Access   (Followers: 8)
J. of Social and Administrative Sciences     Open Access  
Turkish Economic Review     Open Access   (Followers: 1)
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Journal of Economics Library
Number of Followers: 8  

  This is an Open Access Journal Open Access journal
ISSN (Print) 2149-2379
Published by KSP Journals Homepage  [6 journals]
  • Can portfolio returns exceed market return' An examination of the
           efficient market hypothesis for the Indian stock market

    • Authors: Tamal Datta CHAUDHURI, Gulshan Kaur BHAMRAH
      Pages: 159 - 167
      Abstract: Abctract. The paper explores the possibility of forming portfolio of stocks that can generate returns higher than the market over a time period. Various principles are used for portfolio formation in the year 2013, and it is examined whether such portfolios have been able to generate excess returns over the next five years. Data has been used for Indian companies which are listed in the National Stock Exchange and Bombay Stock Exchange. Further, our sample consist of companies that have in operation over this period, have earned profits each year, and have consistently paid dividends in each of the years. The period under consideration has seen upswings and downswings, and it is our interest to explore whether our portfolios have been able to generate excess returns. Our results provide interesting insight into portfolio formation and also structuring of mutual funds.Keywords. Portfolio, Price/earnings ratio, PEG ratio, Dividend yield, Net profit margin, Excess returns.JEL. G11, G14, G23, G24.
      PubDate: 2019-09-08
      DOI: 10.1453/jel.v6i3.1909
      Issue No: Vol. 6, No. 3 (2019)
       
  • Inflation and economic activity in Suriname

    • Authors: Gavin D.M. OOFT
      Pages: 168 - 185
      Abstract: Abctract. Maintaining a low rate of inflation and sustainable economic growth are at the core of monetary policymaking. Price stability is considered a condition for a healthy macroeconomic environment which promotes sustainable growth and a low rate of inflation is necessary to maintain stability in the financial sector as well as to boost investment activities. Motivated by the largely-discussed relationship between inflation and output, this paper examines this relationship for the economy of Suriname over the period 1975 to 2015, utilizing a vector autoregressive model and impulse response functions. The findings of the study reveal how the various sources of inflation impact on the economy of Suriname. Domestic price shocks and money-supply shocks, in particular, seem to substantially impact on economic activity. Exchange-rate shocks are detrimental to domestic prices. Based on the findings of this study, it is highly recommended for the Central Bank of Suriname to continue its prudent monetary policies in order to maintain a stable exchange rate and price stability. The study advocates for maintaining a healthy macroeconomic climate with price stability, which is a crucial condition for Suriname to follow a sustained path for economic growth and development.Keywords. Economic growth, Inflation, Time-series models.JEL. C32, E31, E47.
      PubDate: 2019-10-17
      DOI: 10.1453/jel.v6i3.1930
      Issue No: Vol. 6, No. 3 (2019)
       
  • Macroeconomic impacts of refugee inflows in OECD countries: A panel data
           analysis

    • Authors: Mustafa Batuhan TUFANER, İlyas SÖZEN
      Pages: 186 - 200
      Abstract: Abctract. The increase in refugee inflows due to war and violence in the world has revealed the necessity of dealing refugee inflows internationally. The aim of the study is to investigate the impact of refugee inflows on host economies. In this study, 36 OECD countries were analyzed with panel data method for the period 1993-2017. In the model, the number of refugees is independent; economic growth, inflation and government expenditures are dependent variables. In the first stage of the analysis, panel unit root tests were applied to test the stationary of the variables. Then, Gengenbach, Urbain and Westerlund panel cointegration tests were performed to test the cointegration relationship between the variables. To estimate the long-term relationships between variables, the Dynamic Ordinary Least Squares Mean Group (DOLSMG) estimator was used and a negative relationship was found between refugee inflows and economic growth, while a positive correlation was found between refugee inflows and inflation, also between refugee inflows and government expenditures. Finally, the Dumitrescu-Hurlin panel Granger causality test was used to estimate the causality relationship between the variables. According to the causality test results, while there was no causality relationship between refugee inflows and economic growth, a mutual causality relationship was found between refugee inflows and government expenditures. However, it has been observed that unidirectional Granger causality running from refugee inflows to inflation.Keywords. Refugee inflows, Economic development, Macroeconomics, Panel data analysis.JEL. F22, O10, E20, C33.
      PubDate: 2019-10-17
      DOI: 10.1453/jel.v6i3.1935
      Issue No: Vol. 6, No. 3 (2019)
       
  • Analysis of the relationship between expenditure on oil imports and public
           spending on selected social services in Kenya

    • Authors: Zakayo G.N. IMBOGO, Nelson H.W. WAWIRE
      Pages: 201 - 224
      Abstract: Abctract. Since independence, oil imports in Kenya have been rising mainly to sustain the nascent transport, manufacturing, energy, agriculture and maritime sectors among other uses in the country. The growth in the country’s oil import bill has however been closely related to public spending in the health and education sectors which experienced shocks owing to the growth in expenditures apportioned to the rising volume of oil imports. Given the significance of the social pillar of the Kenya Vision 2030 and the inconsistency in the progress towards achieving the Sustainable Development Goals, which is inherent in the Kenya Vision 2030, understanding the linkages between the aforementioned trends in expenditures can help in explaining the progress towards attaining the education and health facets of the social pillar. The purpose of this study was to analyze the relationship between aggregate expenditure on oil imports and public spending on health and education. The data used was time series data sourced from Kenya National Bureau of Statistics, Central Bank of Kenya and World Bank. The study employed granger causality and correlation analysis. Based on standard Chi-square tests and F-tests, the findings of the study revealed that there exists bi-directional causality between government expenditure on health and aggregate expenditure on oil imports on one hand; and a unidirectional causality running from government spending on education to aggregate expenditure on oil imports on the other hand, both in the long-run and short-run. It is therefore recommended that the government should define what is deemed economically sustainable in regard to government expenditure on health as a proportion of the exchequer budget. It should also put in place policies that will institute reasonable margins for government expenditures on health and education to adjust as a measure to keep the rising oil import bill in check.Keywords. Public spending, Causality, Oil price shock.JEL. D61, H12, H51, H52, Q48.
      PubDate: 2019-10-16
      DOI: 10.1453/jel.v6i3.1944
      Issue No: Vol. 6, No. 3 (2019)
       
  • A theoretical investigation on real sector reflection of the change in
           monetary policy decisions

    • Authors: Berna AK BİNGÜL
      Pages: 225 - 236
      PubDate: 2019-10-21
      DOI: 10.1453/jel.v6i3.1947
      Issue No: Vol. 6, No. 3 (2019)
       
  • Determinants and cost of production of dates in Pakistan: An analytical
           study

    • Authors: Zulfiqar A. SHAIKH, Naveed Ahmed SHAIKH, Asad Raza ABIDI, Imtiaz A. PIRZADA
      Pages: 237 - 246
      Abstract: Abctract. Present study is an attempt to analyse the production determinants and the cost of production of dates using causal approach of Ordinary Least Squares Methods using secondary data. The costs associated with the agriculture production are computed from labour costs, expenses incurring on the pesticides and fertilizers and the cost of seeds and amount of rent when the piece of land is acquired on contract basis. Provision of credit facility to the farmers and growers can play a major role in softening the constraints of the farmers and motivate them to enhance production of dates. Moreover, technical and technological advancement and adoption of the cost saving technology by farmers can also help farmers improve quality and per acre yield of their production. The findings of the study suggest that the employment in agriculture sector is the most important factor affecting production of dates followed by mechanization and technological advancement and third is the credit to the farmers. All coefficients have significance of less than 0.05 with substantially large generalizability power.Keywords. Production, Technology, Credit, Dates, Finance, Growers, Labour, Costs, Fertilizers, Pesticides, Seeds.JEL. D24, J08, Q16, H81.
      PubDate: 2019-10-24
      DOI: 10.1453/jel.v6i3.1960
      Issue No: Vol. 6, No. 3 (2019)
       
 
 
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