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Journal of Economics and Political Economy
Number of Followers: 7  

  This is an Open Access Journal Open Access journal
ISSN (Online) 2148-8347
Published by KSP Journals Homepage  [6 journals]
  • International trade effects of a potentially revived Trans-Pacific
           partnership for North America

    • Authors: Baybars KARACAOVALI, Deveraux TALAGI
      Pages: 321 - 342
      Abstract: . This paper analyzes the international trade relations of the United States, Canada, and Mexico with the now defunct Trans-Pacific Partnership (TPP12) member countries currently and historically in order to provide insights for potential future effects provided United States decides to join the new Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP or TPP11) with the remaining original TPP countries. Using a gravity model estimation, we find that the existing free trade agreements (FTAs) between TPP12 countries (intra-TPP) and FTAs between TPP12 members and other countries (extra-TPP) have positively impacted trade in the 1980-2015 period. A revived TPP12 agreement promises to boost trade further.Keywords. International trade, Gravity model, Free trade agreements, Trans-Pacific partnership.JEL. F10.
      PubDate: 2018-09-28
      DOI: 10.1453/jepe.v5i3.1729
      Issue No: Vol. 5, No. 3 (2018)
  • Do fiscal measures stimulate private investment in Africa'

    • Authors: Olatunji A SHOBANDE, Chidi Ndubuisi OLUNKWA
      Pages: 343 - 352
      Abstract: . The study inspects the effect of fiscal measures on private investment in Selected African countries between 1980-2016.The study adopts Panel Autoregressive Distributed Lag (PARDL) Bounds testing approach develop by Pesaran, Shin & Smith (2001) in estimating the relevant relationship. The results of the long run estimates show that show that interest on debt payment, government expenditure, expected inflation, exchange rate and government tax revenue, all have positive relation with private Iivestment among five selected African countries, suggesting that fiscal measures have crowd in effects on private investment in the long run. While, the results of the short run dynamics show that change in the previous one lagged periods of the variables negative impacts on private investment, whereas the lagged two of the variables shows positive impacts on private investment in the short run, suggesting that there is a crowd out fiscal measures crowd out private investment in among the five selected African countries. The study recommends that the policy makers need to ensure fiscal discipline, if private investment must survive in African.Keywords. Fiscal Measures, Private investment, Africa, Exchange rate.JEL. H30, E20, E65.
      PubDate: 2018-09-28
      DOI: 10.1453/jepe.v5i3.1720
      Issue No: Vol. 5, No. 3 (2018)
  • Emptiness existence: A free-strategic view

    • Authors: Victor H. ROSAS-MARTINEZ
      Pages: 353 - 355
      Abstract: . We formulate a theorem to always keep within mind on the emptiness existence followed by its matematicall proof, that takes as a base a single axiom named hipoteticity i.e. an element exists iff it has a structure.Keywords. Emptiness, Existence, Coalitions, Game Theory.JEL. C70, C71 ,C72, C79.
      PubDate: 2018-09-28
      DOI: 10.1453/jepe.v5i3.1750
      Issue No: Vol. 5, No. 3 (2018)
  • Export-led or household consumption-led growth in China: An empirical

    • Authors: Naveed A. SHAIKH, Imtiaz Ahmed PIRZADA, Erum Khushnood Zahid SHAIKH
      Pages: 356 - 362
      Abstract: . GDP growth dependence on various factors of the country during (1980-2013) 34 years has been estimated. Ordinary Least Squares Technique of regression is applied here. The results are indicative of incidence of devaluation in the Yuan taking real effective and nominal exchange rate. Further, incidence of systematic impact of capital formation on GDP growth is greater than that of the international trade and domestic household consumption expenditure. That signifies the importance of domestic economy in contrast to the general belief of external sector dependence of the Chinese growth.Keywords. Currency devaluation, GDP growth, Regression.JEL. F13, F43, O47, E21.
      PubDate: 2018-09-28
      DOI: 10.1453/jepe.v5i3.1742
      Issue No: Vol. 5, No. 3 (2018)
  • The decommissioning of the middle class

    • Authors: Emmanouil MAVROZACHARAKIS, Georgia DIMARI
      Pages: 363 - 377
      Abstract: . The euro crisis has threatened the balance of social structures, through the impoverishment of the middle class, in almost all countries of the Old Continent. This trend has not only posed a threat to social cohesion, but it also threats the very nature of the so-called Western-style Democracy. The reason for this is that there is a class that has always been a "cushion" that absorbs both the vibrations of competition and the confrontation of the social elite with the socially weak, offering the latter the ability to overcome their misery. In most capitalist economies, the middle class label is based on an economic definition that is largely based on a lifestyle that is based on a certain economic robustness and endurance. With the deepening of the crisis, however, the diversity of the middle class not only has it been jeopardized, but rather, it has gradually been replaced by a new demographic category called the prekariat. This new category consists of a group of people once in the middle class and currently marginalized. All of this leads to generalized uncertainty and totally unstable political attitudes, with intense mobility at the extremes. The rapid rise of right and left-wing populism is an aspect of the threatened subjugation of the middle class strata. The consequences for societies when their layered center is lost are obvious and significant.Keywords. Middle class, Prekariat, Decommissioning of middle class, Elevator effect.JEL. D60, H53, H75.
      PubDate: 2018-10-15
      DOI: 10.1453/jepe.v5i3.1752
      Issue No: Vol. 5, No. 3 (2018)
  • Naturalization: The case for constitutional reform to extend citizenship
           to immigrant in Liberia

    • Authors: Stephen H. GOBEWOLE
      Pages: 378 - 398
      Abstract: . This study examines critical elements of extending citizenship to entrepreneurial minority groups (Lebanese, Mandingos, Indians, Nigerians, and Westerners) and Liberian dual citizens in Liberia by analyzing survey, remittance, and naturalization data collected by Afrobarometer (Round 5and 6 Surveys), USD Explorer, 2015 Yearbook of Immigration Statistics, and TLC Africa from 2011 to 2015. This is accomplished by correlating associations between variables including Liberians’ gender in survey responses, attitudes of West African countries, Liberian naturalization in advanced countries, and Liberia’s remittances (inflow and outflow) to show the economic advantages of awarding citizenship to foreigners. The long run result reveals that attracting entrepreneurial groups increases investment in new domestic firms, which will likely lead to transformation in national industries, enhancement of citizens’ technical skills, creation of permanent employment, and improvement of citizens’ living standards, as well as increased democratization.Keywords. Immigrants, Entrepreneurial minority groups, Discrimination, Economic, Indigenous.JEL. J15, K37, L26.
      PubDate: 2018-09-28
      DOI: 10.1453/jepe.v5i3.1713
      Issue No: Vol. 5, No. 3 (2018)
  • The recent dynamics of the stock exchange in Brazil

    • Authors: André ABDALA, Silvia Borges Dondi GUIDO
      Pages: 399 - 409
      Abstract: . This study is a literary analysis with the purpose of verifying the dynamic relation of the São Paulo stock exchange index with some macroeconomic variables, between January 2014 and August 2017, when Brazil was going through a serious political crisis, in which the economic activity was affected and therefore the stock market. Thus, these relationships are evaluated by the Johansen Cointegration Test to precisely verify the long-term relationship between the Brazilian stock market and the other variables. And the results indicate a negative weight of inflation expectations, interest rates and public debt, while the exchange rate and economic activity positively affect the stock market index.Keywords. Stock price, Index of the São Paulo Stock Exchange, Johansen Cointegration Test.JEL. C13, E44, G12.
      PubDate: 2018-09-21
      DOI: 10.1453/jepe.v5i3.1730
      Issue No: Vol. 5, No. 3 (2018)
  • Economic globalization and poverty reduction: A Nigerian perspective

    • Authors: Maria Chinecherem UZONWANNE
      Pages: 410 - 423
      PubDate: 2018-09-28
      DOI: 10.1453/jepe.v5i3.1721
      Issue No: Vol. 5, No. 3 (2018)
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
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Fax: +00 44 (0)131 4513327
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