Quantitative Economics and Management Studies
Journal of Quantitative Economics and Management Studies (QEMS) is an international peer-reviewed open-access journal dedicated to interchange for the results of high-quality research in all aspects of economics, management, business, finance, marketing, accounting. The journal publishes state-of-art papers in fundamental theory, experiments, and simulation, as well as applications, with a systematic proposed method, sufficient review on previous works, expanded discussion, and concise conclusion. As our commitment to the advancement of science and technology, the QEMS follows the open access policy that allows the published articles freely available online without any subscription.
Articles
595 Documents
<![CDATA[The Relationship Between Financial Development and Economic Growth in The United Kingdom: A Granger Causality Approach ]]>
<![CDATA[Wesiah , Samuel]]>;
<![CDATA[Onyekwere, Sixtus Cyprian]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 1 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems258
<![CDATA[This study aims to investigate the causal relationship between financial development and economic growth in the UK using quarterly data from 1963q1 to 2015q1. Three variables were used as proxies for financial sector development, namely, ratios of broad money supply to GDP, ratios of private sector credit to GDP and the ratios of stock market capitalization to GDP. Economic growth was measured using real GDP per capita. In order to achieve stated aim, the study employed the Johansen Cointegration test and the Granger causality test within a vector error correction framework (VEC) to test for the existence (or not) of a long run relationship as well as the direction of causality between financial development and economic growth. The result from the Cointegration test indicates that there is a stable long run equilibrium relationship between financial development and economic growth in the UK. The Granger causality test presents evidence of a bidirectional causality. This suggests that financial development and economic growth are mutually causal, that is, causality runs from both side which is in line with the feedback hypothesis in the literature which argue that financial development and economic growth exhibits a two-way causal relationship. In terms of each individual variable, the study finds that while bank credit to the private sector and stock market capitalisation Granger cause GDP per capita, GDP per capita on the other hand, Granger causes broad money supply.]]>
<![CDATA[Job Satisfaction Among Academicians in Nepal: The Influence of Institutional Sector and Demographic Factors ]]>
<![CDATA[Chapagain, Bal Ram]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 2 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems267
<![CDATA[Considering the importance of job satisfaction in teaching, and the ongoing debate regarding the influence of various factors on job satisfaction, this study identifies the status of job satisfaction and examines the influence of institutional sector and demographic factors on job satisfaction among Nepalese academicians. The study sample comprised 156 academicians from different higher-level educational institutions in Nepal, and the data were collected through structured questionnaires. Descriptive statistics, independent-samples t-test, and one-way ANOVA test were used to analyze the data. Results showed that Nepalese academicians are moderately satisfied with their job, in which intrinsic factors appear stronger than extrinsic factors. The findings also demonstrated that the institutional sector, in favor of public institutions, and academic qualification influence job satisfaction but gender, age, and teaching experience do not influence job satisfaction of academicians. Widespread sampling framework, all-inclusive job satisfaction measures, and remarkable findings have made the study unique and potent.]]>
<![CDATA[The Financial Stability in Developing Economy: Role of Financial Inclusion and Financial Efficiency ]]>
<![CDATA[Raji, Rahman Olanrewaju]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 1 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems269
<![CDATA[This paper explores the asymmetric nexus between financial inclusion, financial efficiency and financial stability, within asymmetric and symmetric Autoregressive Distributed Lag (NARDL) framework, covering the period from 2003 to 2018, using quarterly data in Nigeria. The findings showed that symmetric technique of econometric test detects, that financial stability is augmented by better improvement in financial inclusion in short-run, while asymmetric technique observed that short-run positive effect, and negative effect likewise long-run decrease in this index heightened the level of financial stability in this economy. This study further found trade-off existence, between financial efficiency and financial stability in both symmetric and asymmetric techniques of econometric tests, which is consistent with some empirical findings. The results based on the model and empirical data indicate that, the monetary authority needs to follow prudent and adequate supervisory standard in pursuing financial inclusion, financial intermediaries should be accompanied with good institutional quality, including financial awareness that should be enhanced through financial teachings in all sectors both in the urban and rural areas of the economy.]]>
<![CDATA[An Empirical Analysis of the Growth-Health Relationship in Pakistan ]]>
<![CDATA[Khalid, Nayab]]>;
<![CDATA[Qayyum, Aaqib]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 3 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems272
<![CDATA[The purpose of this study is to examine Pakistan's health sector issues and the critical ties between health indicators and economic growth. ARDL analysis has been applied on the data set of Pakistan’s economy, in the time reference to 1990-2020. The study revealed that the important ties between GDP, foreign direct investment, fertility and life expectation in the short run are strong, while mortality rate is negative, but have a significant impact on economic development. The fertility rate has a huge effect on GDP in long-term, while affecting foreign direct investment. The study achieves that countries with developing economic growth will focus more on improving human capital well-being.]]>
<![CDATA[Improving The Effectiveness of Commercial Bank Employess in Cross River State Through Appropriate Remuneration ]]>
<![CDATA[Angioha, Pius U.]]>;
<![CDATA[Agba, Rose U.]]>;
<![CDATA[Kenneth, Beauty U.]]>;
<![CDATA[Ishie, Eno U.]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 3 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems275
<![CDATA[The study specifically examines the correlation between remuneration and the effectiveness of employees in commercial banks in cross river state, adopting a survey method, data was collected from 232 participants employed by five commercial banks in cross river state. The participants were selected using the proportional stratified and simple random sampling technique. A self-developed questionnaire was adopted to elicit the required information for the study. Data collected was analyzed using descriptive and inferential statistics. out of the 232 distributed questionnaires, 213 was returned and used for analysis. Result revealed a correlation between remuneration and the effectiveness of employees in commercial banks in cross river state. From the analysis 21.8 per cent of the variance in the effectiveness of bank's employees is accounted for by remuneration. The study concludes that bank the management of banks need to take into cognizance the economic situation in the country and improve on the take-home package of their employees.]]>
<![CDATA[Performance based incentives and employees’ productivity in commercial organisations ]]>
<![CDATA[Agba, A. M. Ogaboh]]>;
<![CDATA[Omang, T. A.]]>;
<![CDATA[Enukoha, C. N.]]>;
<![CDATA[Eteng, Felix O.]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 2 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems282
<![CDATA[The study examined the relationship between performance-based incentives and employees’ productivity in commercial organizations in Cross River State, Nigeria. Specifically, the study investigates the links between performance-based incentives such as promotions, bonus, recognition and employees’ productivity. Expectancy theory was used to situate the study. Descriptive survey design that allows for the use of questionnaire as quantitative tool was adopted as well as in the selection of respondents from commercial organizations. Quantitative data were analyzed using multi-variance analysis. It was revealed that performance-based promotion, performance-based bonus, performance-based recognition significantly influence productivity of employees in commercial organizations. The study further reveals a joint relationship between the predictor variables (performance-based promotion, bonus, recognition) and productivity of employees. It was recommended among others that promotion policies in commercial organizations should be transparent and fair. Management of these entities should make personnel policies that outline key performance indicators and their relationship to internal promotions, bonuses and wages.]]>
<![CDATA[Climate change, adaptation, and global jobs: Lessons and urgent policy options for Africa ]]>
<![CDATA[Agba, A. M. Ogaboh]]>;
<![CDATA[Akpanudoedehe, John J.]]>;
<![CDATA[Ojong, Felix E.]]>;
<![CDATA[Agba, Michael Sunday]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 3 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems298
<![CDATA[Climate change remains one of the world’s greatest challenge in the 21st century. It causes inevitable changes that alter human activities. Adaptation to climate change creates and at the same time limits opportunities that support human existence. While United States of America, Europe, China, India and other countries are maximizing the opportunities climate change adaptation offers especially in areas of green technology, energy and agriculture, that of Africa who are more vulnerable to climate change are complacent and at most show less commitment. As the negative impacts of climate change increases and livelihoods erode, and as jobs continue to disappear leading to conflicts and upheavals in Africa, governments across the continent need policy options that will enable them to mitigate and adapt to climate change while at the same time address the problem of unemployment and create new patterns of livelihood. This paper, therefore, explores options that support these objectives. It offered policy suggestions in green energy and agriculture where Africa have a comparative advantage over other nations, and which also has the capacity of employing 90 per cent of the continent's workforce. It makes suggestions on how Lake Chad and other water sources affected by climate change in Africa can be revived to support agricultural activities and hydropower industry as well as create green jobs. It advocated for investment in biofuel, wind and solar energies to create green jobs. The paper submits that if green jobs are created and agricultural activities supported conflicts associated with unemployment and migration will be reduced drastically.]]>
<![CDATA[Banking system, Institutional quality, and Economic growth: Panel data analysis on a sample of countries in the MENA region ]]>
<![CDATA[Jamel, Lamia]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 2 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems301
<![CDATA[The nexus among financial development and economic growth has long remained a subject matter of considerable debate in the financial and economic literature. This article examines the relationships between financial development, institutions, and economic growth. This indicates that the marginal effect of financial development on economic growth depends on the quality of institutions. To do so, we employ a panel data of 14 MENA countries during the period of study from 2008 to 2019. For the econometric methodology, we use fixed and random effects models. To choose between fixed effects and random effects, we employ the Hausman test. Based on the empirical findings, we demonstrate that financial development has a positive effect on economic growth. Furthermore, we have observed that institutional quality seems to be a necessary complement to financial development. Consequently, it is important to implement policies leading to the deepening of financial systems, through a including a solid institutional framework. Thus, by promoting such development and better institutional quality, economic growth will thus be accelerated.]]>
<![CDATA[Economic Value Added Method as A Tools to Measure Financial Performance Assessment in PT. Campina Ice Cream Tbk. ]]>
<![CDATA[Wulandari, Himza Fadhilah Putri]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 1 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems315
<![CDATA[Every company established has a goal to gain profits and maximize wealth to shareholders. The purpose of this study is to analyze method of Economic Value Added as a measure of financial performance assessment at PT. Campina Ice Cream Industry Tbk. Method used in this study a Qualitative Descriptive approach. Data source in this study uses secondary data form of financial statements PT. Campina Ice Cream Industry Tbk in 2016-2018. Analysis data technique used is method of Economic Value Added. Economic Value Added shows the measurement of extent to which company has value added to owners of company in a given year or period. The results of this study can be concluded that Economic Value Added (EVA) at PT.Campina Ice Cream Industry Tbk in 2016 worth Rp. (3.656.510.875) and in 2017 valued at Rp. (2.473.733.162) so that it produces a negative Economic Value Added or> 0 which can be said that the company financial performance is not good. However, in 2018 company achieved scores. Economic Value Added <0 or positive worth Rp. 15.881.445.739 then, it can be concluded that company financial performance is good and has resulted in value added expected by the shareholders.]]>
<![CDATA[Analysis of Source and Use of Working Capital In PT. Sido Muncul, Tbk. (Period 2016-2018) ]]>
<![CDATA[Wahyuni, Menik Tri]]>
<![CDATA[ Quantitative Economics and Management Studies Vol. 2 No. 2 (2021) ]]>
Publisher : <![CDATA[Yayasan Ahmar Cendekia Indonesia ]]>
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DOI: 10.35877/454RI.qems316
<![CDATA[Working capital is a very important part of the company. Working capital should always be available enough to be able to provide maximum benefits and the company’s operations can continues. Analysis of source and use of working capital is needed for companies to find out the source of funds and how those fund spent.The purpose of this study is to determine the analysis of sources and uses of working capital of PT Sido Muncul,Tbk in Semarang, and to review the policy of uses working capital of PT Sido Muncul, Tbk in Semarang. This study use dercriptive qualitative method. The result of this research indicate that the source of working capital in 2016 to 2018 is quite good. However, in 2017 and 2018 the use of working capital’s company is greater than the source. In 2016 working capital of PT Sido Muncul was increase Rp55.060.000.000. Whereas in 2017 was decrease Rp158.045.000.000 and in 2018 also decreased Rp241.108.000.000. This is due to the high amount of increase in fixed assets by the company. For investment policies, companies tend to use conservative policies, while for working capital expenditure policies companies tend to use aggressive policies.]]>
