Subjects -> BUSINESS AND ECONOMICS (Total: 3570 journals)
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ECONOMIC SYSTEMS, THEORIES AND HISTORY (235 journals)                  1 2 | Last

Showing 1 - 200 of 224 Journals sorted alphabetically
Ab Imperio     Full-text available via subscription   (Followers: 4)
Acta Economica     Open Access  
Acta Universitatis Sapientiae, European and Regional Studies     Open Access  
African East-Asian Affairs     Open Access   (Followers: 10)
African Economic History     Full-text available via subscription   (Followers: 20)
African Journal of Economic Policy     Full-text available via subscription   (Followers: 2)
African Journal of Sustainable Development     Full-text available via subscription   (Followers: 8)
African Research Review     Open Access   (Followers: 5)
AL-FALAH : Journal of Islamic Economics     Open Access  
Al-Iqtishad : Journal of Islamic Economics     Open Access   (Followers: 2)
Al-Tijary : Jurnal Ekonomi dan Bisnis Islam     Open Access   (Followers: 1)
América Latina en la historia económica     Open Access   (Followers: 3)
American Economic Journal : Economic Policy     Full-text available via subscription   (Followers: 165)
American Economist     Hybrid Journal   (Followers: 6)
An-Nisbah : Jurnal Ekonomi Syariah     Open Access   (Followers: 1)
Anuario de Estudios Centroamericanos     Open Access   (Followers: 2)
Aquaculture Economics & Management     Hybrid Journal   (Followers: 21)
ASAS : Jurnal Hukum dan Ekonomi Islam     Open Access   (Followers: 1)
Asian Bulletin of Energy Economics and Technology     Open Access   (Followers: 1)
Asian Journal for Poverty Studies     Open Access   (Followers: 4)
Asian Journal of Quality of Life     Open Access   (Followers: 1)
AUDITING: A Journal of Practice & Theory     Full-text available via subscription   (Followers: 13)
Australian Economic History Review     Hybrid Journal   (Followers: 8)
BioPhysical Economics and Resource Quality     Hybrid Journal  
Boletim de Conjuntura Econômica     Open Access  
Buletin Ekonomi     Open Access   (Followers: 1)
Bulletin of Economic Theory and Analysis     Open Access   (Followers: 2)
Business History     Hybrid Journal   (Followers: 22)
Business History Review     Hybrid Journal   (Followers: 16)
Cadernos do Desenvolvimento Fluminense     Open Access  
Cahiers du GRM     Open Access  
Ciencias Económicas     Open Access  
Comparative Economic Studies     Hybrid Journal   (Followers: 6)
Competition and Regulation in Network Industries     Full-text available via subscription   (Followers: 7)
Con-texto     Open Access  
Conjuntura Austral : Journal of the Global South     Open Access   (Followers: 2)
Construction Economics and Building     Open Access   (Followers: 4)
Contemporary Economic Policy     Hybrid Journal   (Followers: 9)
Contemporary Economy     Open Access  
Contemporary Review of the Middle East     Full-text available via subscription   (Followers: 10)
Cooperativismo & Desarrollo     Open Access  
Corporate Governance and Sustainability Review     Open Access   (Followers: 2)
Croatian Review of Economic, Business and Social Statistics     Open Access  
Cuadernos de Economía     Open Access  
Cuadernos de historia. Serie Economía y Sociedad     Open Access  
Cuadernos del CENDES     Open Access  
Cultura Económica     Open Access  
Development Management     Open Access   (Followers: 1)
E-Jurnal Ekonomi Pembangunan Universitas Udayana     Open Access  
Eastern European Countryside     Open Access   (Followers: 2)
Econometric Research in Finance     Open Access  
Econometric Theory     Hybrid Journal   (Followers: 20)
Econometrics     Open Access   (Followers: 9)
Econometrics and Statistics     Hybrid Journal   (Followers: 1)
Economía : Teoria y práctica     Open Access  
Economía Mexicana. Nueva Época     Open Access   (Followers: 1)
Economia Politica     Hybrid Journal   (Followers: 42)
Economía UNAM     Open Access  
Economia y Sociedad     Open Access   (Followers: 1)
Economía y Sociedad     Open Access  
Economia, Sociedad y Territorio     Open Access  
Economic Analysis     Open Access   (Followers: 4)
Economic Anthropology     Full-text available via subscription   (Followers: 18)
Economic Education Analysis Journal     Open Access  
Economic History of Developing Regions     Hybrid Journal   (Followers: 6)
Economic Journal of Emerging Markets     Open Access   (Followers: 1)
Economic Research-Ekonomska Istraživanja     Open Access  
Economic Theory     Hybrid Journal   (Followers: 18)
Economic Theory Bulletin     Hybrid Journal   (Followers: 1)
Economica : Jurnal Ekonomi Islam     Open Access   (Followers: 1)
Economics and Law     Open Access   (Followers: 3)
Economics Bosowa     Open Access  
Economics Development Analysis Journal     Open Access   (Followers: 5)
Economics of Development     Open Access   (Followers: 2)
EMAJ : Emerging Markets Journal     Open Access  
Emerging Economies Cases Journal     Hybrid Journal  
Emerging Economy Studies     Full-text available via subscription   (Followers: 1)
Empirical Economic Review     Open Access   (Followers: 1)
Ensayos de Economía     Open Access  
Ensayos Revista de Economía     Open Access  
Entrepreneurship Theory and Practice     Hybrid Journal   (Followers: 48)
Environmental Economics     Open Access   (Followers: 2)
Erhvervshistorisk Årbog     Open Access   (Followers: 1)
Espaço & Economia : Revista Brasileira de Geografia Econômica     Open Access  
Essays in Economic & Business History     Open Access   (Followers: 3)
Estonian Discussions on Economic Policy     Open Access  
Estudios de Economía     Open Access  
Ethiopian Journal of Economics     Full-text available via subscription   (Followers: 4)
European Countryside     Open Access   (Followers: 1)
European Journal of Economics and Economic Policies : Intervention     Full-text available via subscription   (Followers: 13)
European Journal of the History of Economic Thought     Hybrid Journal   (Followers: 13)
European Review of Economic History     Hybrid Journal   (Followers: 35)
Evolutionary and Institutional Economics Review     Hybrid Journal   (Followers: 1)
Explorations in Economic History     Hybrid Journal   (Followers: 34)
Expresión Económica : Revista de Análisis     Open Access  
FALAH : Jurnal Ekonomi Syariah     Open Access  
Foundation Review     Full-text available via subscription   (Followers: 2)
Germinal : Marxismo e Educação em Debate     Open Access  
Ghana Journal of Development Studies     Full-text available via subscription   (Followers: 8)
Gizarte Ekonomiaren Euskal Aldizkaria : Revista Vasca de Economía Social     Open Access  
Hakam : Jurnal Kajian Hukum Islam dan Hukum Ekonomi Islam     Open Access  
History of Economic Thought and Policy     Full-text available via subscription   (Followers: 10)
History of Economics Review     Hybrid Journal   (Followers: 11)
I-ECONOMICS : A Research Journal on Islamic Economics     Open Access  
Iberian Journal of the History of Economic Thought     Open Access  
Ikonomika : Jurnal Ekonomi dan Bisnis Islam     Open Access  
Indian Economic & Social History Review     Hybrid Journal   (Followers: 10)
Indian Economic Journal     Full-text available via subscription  
Indian Economic Review     Hybrid Journal  
Informe Econômico     Open Access   (Followers: 3)
International Journal of Business Intelligence Research     Full-text available via subscription   (Followers: 3)
International Journal of Economic Policy Studies     Hybrid Journal   (Followers: 1)
International Journal of Economic Theory     Hybrid Journal   (Followers: 4)
International Journal of Economics and Financial Issues     Open Access   (Followers: 10)
International Journal of Energy Economics and Policy     Open Access   (Followers: 11)
International Journal of Game Theory     Hybrid Journal   (Followers: 3)
International Journal of Sustainable Economies Management     Full-text available via subscription  
Investigación Económica     Open Access   (Followers: 4)
Investigaciones de Historia Económica     Open Access  
IQTISHADIA : Jurnal Ekonomi & Perbankan Syariah     Open Access  
Iqtishoduna : Jurnal Ekonomi Islam     Open Access  
Irish Economic and Social History     Hybrid Journal   (Followers: 12)
Islamic Economics Journal     Open Access  
Journal of Advanced Research in Economics and International Business     Full-text available via subscription  
Journal of Asian Development     Open Access   (Followers: 2)
Journal of Behavioral and Experimental Economics     Full-text available via subscription   (Followers: 11)
Journal of Chinese Economic and Foreign Trade Studies     Hybrid Journal   (Followers: 2)
Journal of Demographic Economics     Hybrid Journal   (Followers: 4)
Journal of Economic and Social Thought     Open Access   (Followers: 3)
Journal of Economic History     Full-text available via subscription   (Followers: 52)
Journal of Economic Issues     Hybrid Journal   (Followers: 14)
Journal of Economic Literature     Full-text available via subscription   (Followers: 189)
Journal of Economic Perspectives     Full-text available via subscription   (Followers: 217)
Journal of Economic Theory     Hybrid Journal   (Followers: 50)
Journal of Economics and International Relations     Open Access   (Followers: 4)
Journal of Ekonomi     Open Access  
Journal of Entrepreneurship in Emerging Economies     Hybrid Journal   (Followers: 4)
Journal of Governance and Regulation     Open Access  
Journal of Illicit Economies and Development     Open Access  
Journal of Innovation and Entrepreneurship     Open Access   (Followers: 7)
Journal of Islamic Economic Laws     Open Access  
Journal of Marketing Theory and Practice     Full-text available via subscription   (Followers: 3)
Journal of Post Keynesian Economics     Full-text available via subscription   (Followers: 13)
Journal of Public Economic Theory     Hybrid Journal   (Followers: 7)
Journal of Public Economics     Hybrid Journal   (Followers: 76)
Journal of Public Economics Plus     Open Access  
Journal of Quantitative Economics     Hybrid Journal  
Journal of Regional Economics Indonesia     Open Access  
Journal of Revenue and Pricing Management     Hybrid Journal   (Followers: 4)
Journal of Spatial Econometrics     Hybrid Journal  
Journal of Statistical and Econometric Methods     Open Access   (Followers: 3)
Journal of the Economic and Social History of the Orient     Hybrid Journal   (Followers: 21)
Journal of the History of Economic Thought     Full-text available via subscription   (Followers: 14)
Journal of Wine Economics     Full-text available via subscription   (Followers: 2)
Jurnal Economica : Research of Economic And Economic Education     Open Access   (Followers: 1)
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business)     Open Access  
Jurnal Ekonomi dan Pembangunan Indonesia     Open Access  
Jurnal Ekonomi Pembangunan : Kajian Masalah Ekonomi dan Pembangunan     Open Access  
Jurnal Ekonomi Syariah Teori dan Terapan     Open Access  
Jurnal Hukum dan Pembangunan Ekonomi     Open Access  
Jurnal Ilmu Ekonomi Terapan     Open Access  
Latin American Economic Review     Open Access   (Followers: 5)
Latin American Journal of Management for Sustainable Development     Hybrid Journal  
Madagascar Conservation & Development     Open Access   (Followers: 2)
Management of Sustainable Development     Open Access   (Followers: 4)
Marketing Theory     Hybrid Journal   (Followers: 15)
Mediations : Journal of the Marxist Literary Group     Open Access  
MediaTrend     Open Access  
Mises : Interdisciplinary Journal of Philosophy, Law and Economics     Open Access  
Modern Economy     Open Access   (Followers: 3)
Moneta e Credito     Open Access   (Followers: 1)
New Agenda : South African Journal of Social and Economic Policy     Full-text available via subscription  
OECD Journal : Economic Studies     Full-text available via subscription   (Followers: 17)
Organizations and Markets in Emerging Economies     Open Access   (Followers: 1)
Papeles de Europa     Open Access  
Pecvnia : Revista de la Facultad de Ciencias Económicas y Empresariales, Universidad de León     Open Access  
Perfil de Coyuntura Económica     Open Access  
Pittsburgh Papers on the European Union     Open Access   (Followers: 2)
Población y Desarrollo - Argonautas y caminantes     Open Access  
Population and Economics     Open Access   (Followers: 2)
Pro-fit     Open Access  
Proceedings of Voronezh State University. Series: Economics and Management     Open Access  
QA : Rivista dell’Associazione Rossi-Doria     Full-text available via subscription  
Quarterly Journal of Islamic Finance and Banking Studies     Open Access   (Followers: 2)
Regional Formation and Development Studies     Open Access  
Review of Behavioral Economics     Full-text available via subscription   (Followers: 6)
Review of Development and Change     Full-text available via subscription   (Followers: 1)
Review of Economic Studies     Hybrid Journal   (Followers: 188)
Review of Evolutionary Political Economy     Hybrid Journal  
Review of Keynesian Economics     Partially Free   (Followers: 9)
Revista Conjuntura Econômica     Open Access   (Followers: 2)
Revista de Economía del Caribe     Open Access  
Revista de Economía del Rosario     Open Access  
Revista de Historia Económica     Full-text available via subscription   (Followers: 1)
Revista de Historia Industrial. Economía y Empresa     Open Access  
Revista de Política Económica para el Desarrollo Sostenible     Open Access  
Revista Economía y Política     Open Access  
Revista Galega de Economia     Open Access  
Revista Gestão e Desenvolvimento     Open Access  
Revista Latinoamericana de Desarrollo Económico     Open Access  

        1 2 | Last

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Acta Economica
Number of Followers: 0  

  This is an Open Access Journal Open Access journal
ISSN (Print) 1512-858X - ISSN (Online) 2232-738X
Published by U of Banja Luka Homepage  [1 journal]
  • STOCHASTIC MODELING OF OPTIMAL LOGISTICS IN THE FUNCTION OF MAXIMIZING
           INTERNATIONAL BUSINESS EFFICIENCY OF SMEs

    • Authors: Mirjana Landika, Vanja Sredojević, Vedran Šupuković, Velibor Peulić
      Pages: 9 - 18
      Abstract: The concept of business activity conditions specific procedures and activities in order to maximize the difference between output and input variables while taking into account the uncertainty of the business outcome. The business outcome is determined by a number of factors that are under the control of the decision maker. However, a number of factors are conditioned by stochastic quantities, which obey the laws of probability of a random variable whose value the decision maker cannot influence but must anticipate and respect in the business decision making process. Conditionality of business results with the market component refers to user expectations, and it requires a model approach by which the uncertain business future is recomposed into business expectations, with a high level of reliability. Modeling of the system by the process of mathematical simulation enables the calculation of variants of business future in the present time without realizing business strategies before their selection and classification. The modeling process includes business system analysis, factor selection, qualitative and quantitative expression, classification of variables, functional linking, formulation of probability distribution of random variables, and the choice of time frame for simulation. The process of mathematical simulation indicates the management consequences of business alternatives, thus the decision maker is guided by business expectations and recruits business logistics in accordance with the decision. The simulation model is adapted to the specific management problem, specific conditions and circumstances of decision making. It does not have a universal character and must be constructed specifically for each management situation.
      PubDate: 2021-12-31
      DOI: 10.7251/ACE2135009L
      Issue No: Vol. 19, No. 35 (2021)
       
  • MACROECONOMIC DETERMINANTS OF INVESTMENT IN THE BALKAN OUNTRIES

    • Authors: Jelena Bjelić , Ognjen Erić, Slaviša Kovačević
      Pages: 19 - 33
      Abstract: This study analyzes the impact of crucial macroeconomic variables on investments for six selected Balkan countries (Croatia, Serbia, Bosnia and Herzegovina, Montenegro, North Macedonia and Albania) in the period from 2005 to 2020. Most of these countries are on the path to European integration, and Croatia has been a member of the EU since 2013. Their development and macroeconomic goals are mostly identical, and one of the main is the requirement of a high level of investment in order to achieve higher growth rates and overcome the development gap in relation to EU countries. The research starts from the hypothesis that the selected factors (independent variables): gross savings, FDI, interest rate, GDP growth and external debt, affect the total investments in the region. To prove this hypothesis, a panel analysis model was applied, that is the panel with a fixed effect as a more relevant model for estimation. The results show that savings and external debt are significant variables, whereby savings have a positive impact on investment, while the impact of public debt is negative. Real interest rates also determine investment, which is shown by their marginal significance and negative numbers. In other words, higher interest rates discourage investment. Finally, the analysis shows that GDP growth is not significant, but the direction is logical and slightly encourages investment. Foreign investments are also an insignificant variable, but they have a positive direction, which explains why the deficit of domestic investments is only partially compensated through the FDI.
      PubDate: 2021-12-31
      DOI: 10.7251/ACE2135019B
      Issue No: Vol. 19, No. 35 (2021)
       
  • KNOWLEDGE MANAGEMENT AND DOWNSIZING: IMPLICATIONS FOR ORGANIZATIONAL
           PERFORMANCE

    • Authors: Marko Slavković, Marijana Bugarčić, Jasmina Ognjanović, Goran Pavlović
      Pages: 35 - 51
      Abstract: Downsizing as a corporate restructuring strategy aims to reduce significantly the number of employees in order for the company to adjust to the reduction of revenues resulting from the influence of environmental factors. Workforce reduction is most often implemented during economic crises, which is why it is associated with ambivalent outcomes. Reducing the number of employees through reducing the budget for salaries can have a favorable impact on reducing costs and thus enable the company to operate in the short term. The departure of employees from the organization is associated with a potential loss of organizational knowledge that can reduce the company’s competitiveness and have a negative impact on business. The purpose of this paper is to identify the impact of workforce reduction on knowledge management and organizational performance. A questionnaire filled out by managers from 75 companies was used to collect data. Correlation analysis and multiple hierarchical regression were applied to determine the relationship between the observed variables. The results showed that downsizing has a statistically significant and negative impact on organizational performance. Knowledge management has a positive impact on organizational performance and reduces the negative impact of workforce reduction on organizational performance during the implementation of downsizing. The obtained results give clear practical guidelines to managers that downsizing can have negative consequences on organizational performance if the protection of organizational knowledge is not taken into account and that managers must focus on knowledge in order to preserve potential for competitiveness and performance. The obtained results have a much broader significance in all those situations (restructuring, digitalization, business model change, etc.) in which the company needs to reduce the number of employees.
      PubDate: 2021-12-31
      DOI: 10.7251/ACE2135035S
      Issue No: Vol. 19, No. 35 (2021)
       
  • POSSIBILITIES OF DEVELOPING A SERVQUAL MODEL FOR MEASURING USER
           SATISFACTION

    • Authors: Perica Macura, Aleksandar Smiljanić
      Pages: 53 - 76
      Abstract: This paper will explore the possibility of adapting the original SERVQUAL model for measuring customer satisfaction. The possibility of developing this model is given through its adaptation in practice. When it comes to services, customization of the original model is necessary due to their intangible nature. In the empirical part, the analysis of the level of user satisfaction with innovative electronic products and services of banks will be conducted through five dimensions of the adapted SERVQUAL model: efficiency, reliability, responsibility, trustworthiness and kindness, where the differences between the characteristics of an excellent bank and the consumer’s perception of the performed services of the bank were examined. The collected data were statistically processed in the IBM SPSS program and included in the regression analysis, correlation matrix formation, as well as the analysis of importance – performance. The results of this research can provide additional useful information to decision makers to identify which dimensions of satisfaction with the service cause a sense of happiness in a customer, and which dimensions offer room for improvement of the service levels, in order to achieve the goal – a happy and satisfied customer.
      PubDate: 2021-12-31
      DOI: 10.7251/ACE2135053M
      Issue No: Vol. 19, No. 35 (2021)
       
  • IMPACT OF CROP PRODUCTIVITY ON POVERTY AMONG FARM HOUSEHOLDS IN GHANA

    • Authors: Boahen Atta Oppong, Edward E. Onumah, Ramatu M. Al-Hassan, Akwasi Mensah-Bonsu
      Pages: 77 - 94
      Abstract: Ghana Poverty Reduction Strategy I & II sought to increase crop productivity to reduce high poverty incidence in farm sector, but the magnitude of impact of the productivity on poverty is not present in all agro-ecological zones in Ghana. The aim of the study is to estimate poverty headcount ratio, poverty gap and poverty severity, and link crop productivity to poverty according to agroecology subject to a two-step instrumental variable regression technique using Pseudo Panel data from the Ghana Living Standards Survey (GLSS rounds 5 & 6). Farmers’ poverty headcount ratio, poverty gap, and poverty severity reduced from 57%, 25%, and 14% in 2005 to 37%, 14%, and 7% in 2013 respectively. The result further indicates that 1% growth in crop productivity reduces the probability of poverty headcount ratio, poverty gap and poverty severity by 0.28%, 0.38% and 0.75% respectively in all agro-ecological zones. Additionally, the paper shows that education, livestock and remittance income reduces poverty, while household size and great distance to access water increase poverty differently from agro-ecology. The study recommends rapid crop productivity growth by prioritizing technology adoption and institutional coordination to suit agro-ecological conditions among the poor, illiterate and non-partisan.
      PubDate: 2021-12-31
      DOI: 10.7251/ACE2135077A
      Issue No: Vol. 19, No. 35 (2021)
       
  • INTERDEPENDENCE OF FISCAL CONSOLIDATION AND ECONOMIC GROWTH IN EU
           COUNTRIES WITH DIFFERENT LEVELS OF DEVELOPMENT

    • Authors: Biljana Gojković
      Pages: 97 - 113
      Abstract: The concept of fiscal consolidation is most often mentioned during major economic crises, which are usually the result of economic shocks caused by crises such as the one in 2008, but also the last crisis caused by the COVID-19 pandemic. In such circumstances, as a rule, high deficit and/or enormous growth of public debt occur. Therefore, many countries need to consolidate fiscally their public finances. In this paper, the focus of the analysis is on the impact of fiscal consolidation on the economic growth of the European Union with different levels of development. It is assumed that countries with low incomes and less developed economies have a special obligation and a need for stable public finances. The same refers to the small and open economies that are largely exposed to the stability/instability of the surrounding countries. Therefore, it is very important that countries with a low level of development pay special attention to the fiscal stability of the country’s public finances.
      PubDate: 2021-12-31
      Issue No: Vol. 19, No. 35 (2021)
       
  • HARMONIZATION OF THE MARKETING AND ACCOUNTING ACTIVITIES IN THE
           IMPLEMENTATION OF THE GROWTH STRATEGY

    • Authors: Predrag Gajić, Perica Macura
      Pages: 115 - 140
      Abstract: This research is an attempt to emphasize the interdependence of the accounting and marketing functions in the segment of the growth strategy implementation with an attempt to increase the market share. In this process, activity-based management and activity-based costing were used as recommended instruments, with analytical activities and implementation (operational) activities in the application of the mentioned strategy considered separately. In both cases, the analysis was performed from the standpoint of the need to identify activities and costs of non-production departments, such as marketing and accounting, by individual cost objects, which are, in this case, target markets where the growth strategy will be applied. In this way, it will be possible to concretize the target character of such costs and an objective approach when linking them to cost objects, because the cost of such activities is pooled out from the costs of marketing department whose costs are mostly budgeted as a unique whole. In operational terms, this will enable a number of decisions, such as: whether to outsource the analysis of the effects of entering new markets or to do it within the company, whether and how to standardize time and costs of non-production activities; whether there is an economic justification for entering new markets based on planned results that include the consumption of resources of identified non-production activities that are commonly “hidden” in the aggregate cost values of these and other functions.
      PubDate: 2021-12-31
      DOI: 10.7251/ACE2135115G
      Issue No: Vol. 19, No. 35 (2021)
       
  • POVERTY REDUCTION, INSTITUTIONS AND THE NIGERIAN ECONOMY

    • Authors: Olayide Olayinka Olaoye
      Pages: 141 - 160
      Abstract: The prime goal of the United Nations is to reduce poverty to the barest minimum in all economies of the world. Africa seem to be worst hit by poverty. Nigeria, has also experienced the consequences of poverty in the forms of kidnapping for money, extortion and so on. Although Nigeria has recorded growth in the economy over time, such growth has not succeeded in transforming the economy. This study therefore sets out to examine the relationship between poverty reduction and economic growth through the channel of institutional quality. Trickle-down theory formed the basis for the study which covered the period 1990-2019. Correlation analysis, Granger-causality as well as the Autoregressive Distributed Lag model were used. The study found that an inverse but weak relationship exists between poverty reduction and economic growth. Also, a unidirectional flow exists from voice and accountability (an indicator of institutional quality) to poverty reduction. Moreover, the study found a strong but negative influence of the rule of law on poverty reduction. Therefore, enforcement of law and order is crucial to poverty reduction in Nigeria. In addition, government expenditure on health has had positive impact on poverty reduction, while government expenditure on education has had negative impact on poverty reduction. Hence, government investment in providing more health facilities will help to reduce poverty in Nigeria. However, government should reconsider public spending on education in Nigeria. Government intervention in education should be limited to regulation and the provision of those educational facilities that face the free-rider problem.
      PubDate: 2021-12-31
      DOI: 10.7251/ACE2135141O
      Issue No: Vol. 19, No. 35 (2021)
       
  • BORROWING OF THE REAL SECTOR IN THE FUNCTION OF ECONOMIC DEVELOPMENT OF
           THE REPUBLIC OF SRPSKA

    • Authors: Predrag Ćurić, Srđa Popović, Dragana Bašić
      Pages: 161 - 177
      Abstract: The availability of funds for lending in the economy under favourable conditions is the fundamental and most important function provided by the banking sector, even though its role is crucial in executing payment transactions as well as in providing security in savings products. As per expectations, quantitative analysis shows a very high level of correlation between the changes in the volume of bank loans and the changes in the gross domestic product in the Republic of Srpska. The research of the indebtedness of the real sector in the function of economic development of the Republic of Srpska was conducted on the basis of a representative sample comprising of 188 large companies out of 343 in total. By using the data obtained from the financial statements of the companies, we investigated the extent to which the channeling of bank credit funds affects the financial stability and operations of companies in the Republic of Srpska. The results obtained indicate a high level of use of bank loans for the purpose of ensuring current liquidity and maintaining fixed assets necessary for regular operations. Companies that are more indebted to banks fail to operate more successfully even to the slightest extent. The conducted research indicates a significant volume of loans placed with the aim of providing current liquidity and maintenance of fixed assets and equipment. However, it is particularly significant to alter the credit policy of banks, which would direct a larger volume of bank credit funds to investments.
      PubDate: 2021-12-31
      DOI: 10.7251/ACE2135161C
      Issue No: Vol. 19, No. 35 (2021)
       
  • ENERGY GENERATION AND AGGREGATE OUTPUT IN NIGERIA: EVIDENCE FROM NARDL

    • Authors: Musibau Ojo Adejumo, Rasak Adetunji Adefabi
      Pages: 181 - 196
      Abstract: Energy generation has received a little or no attention over a period of time. Most scholars are focused on energy consumption and economic growth. This study empirically examined the asymmetric impact of energy generation on aggregate output in Nigeria between 1980 and 2019 using Nonlinear Autoregressive Distributed Lag (NARDL) Model. The stationarity test was conducted on the variables employed to avoid spurious regression. The result revealed that the variables were mixed at level and the first difference. The bound test result revealed that the variables are not cointegrated in the long run. Also, Wald test indicates that energy generation has short run impact on aggregate output in Nigeria. As revealed from the empirical results, from all sources of significant energy generation in Nigeria, gas generation brings the desired result to aggregate output in Nigeria. The study therefore suggests that action should refocus on the gas production subsector. This subsector needs to be developed carefully to avoid wasting this energy source by incineration. Also, the government should redirect those subsidies for petroleum products to the gas generation subsector.
      PubDate: 2021-12-31
      DOI: 10.7251/ACE2135181O
      Issue No: Vol. 19, No. 35 (2021)
       
 
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