cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Deni eko saputro
Contact Email
denny9598@yahoo.co.id
Phone
-
Journal Mail Official
rokhedie@yahoo.com
Editorial Address
-
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Economic Journal of Emerging Markets
Published by Universitas Islam Indonesia
ISSN : 20863128     EISSN : 2502180x     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal is fully open access for scholarly readers.
Arjuna Subject : -
Articles 8 Documents
 1 
Search results for , issue "Volume 12 Issue 2, 2020" : 8 Documents clear
The impact of real effective exchange rate on revealed comparative advantage and trade balance of Pakistan Muhammad Siddique; Ahsan Anwar; Muhammad Abdul Quddus
Economic Journal of Emerging Markets Volume 12 Issue 2, 2020
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol12.iss2.art6

Abstract

This study estimates the effects of devaluation and appreciation of real effective exchange rate (REER) on revealed comparative advantage (RCA) at Harmonized System 2-digit level of exports in Pakistan. A non-linear Autoregressive Distribute Lag (ARDL) technique is applied to test the asymmetric evidence. This study employs two models to explore the export performance. Findings/Originality: The results of model 1 estimation confirm the proof of asymmetric ARDL and concludes that devaluation has a positive effect on selected RCA’s index value and helps enhance exports of Pakistan. Meanwhile, the appreciation of REER is having an adverse impact. Model-2 estimates the effect of these selected RCA’s, REER, and world aggregated income (Yw) on the trade balance (TB) of Pakistan. The results estimate that an increase in selected RCA’s index values, world aggregated income, and REER depreciation is useful to decrease in deficit TB of Pakistan.
Institutional factors, entrepreneurship capital types, and economic growth in Asian countries Dung Tien Luu
Economic Journal of Emerging Markets Volume 12 Issue 2, 2020
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol12.iss2.art5

Abstract

This paper investigates the relationship between institutional factors, entrepreneurial types, and economic growth. The analysis is based on an unbalanced panel data of 18 Asian countries over 2006-2018 using a 3SLS estimation method. It extends the neoclassical growth model with entrepreneurship capital types as an endogenous variable to the economic growth function. Findings/Originality: The results show that new business density and productive entrepreneurship significantly affect GDP per capita. Additionally, a reverse impact of economic growth on entrepreneurship is revealed. Institution's constructs, namely corruption control and the rule of law, are crucial to entrepreneurship, which in turn stimulate economic growth. The results also confirm the significant role of human capital, accumulating domestic investment, economic openness, and controlling inflation in the economic growth model of the Asian countries.
Unit root tests in the presence of structural breaks: Evidence from African stock markets Osarumwense Osabuohien-Irabor
Economic Journal of Emerging Markets Volume 12 Issue 2, 2020
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol12.iss2.art1

Abstract

This paper examines whether stock prices for fourteen African countries are affected by transitory or permanent shocks. This study answers whether Africa stock market indices are mean-reverting or random-walk in the presence of multiple structural breaks. To investigate African equity price behavior, we considered one and two endogenously determined structural break tests of Zivot and Andrews (1992) and Lumsdaine and Papell (1997), respectively. Findings/Originality: Our results show that almost all African equity price indices follow the random walk processes except for Senegal and Botswana, which exhibit mean-reversion properties in its equity prices. It implies that investors in African stock markets cannot rely on past information and behavior to predict stock market movements or develop their trading strategies. The result also confirms that the Augmented Dickey-Fuller (ADF) unit root test is not applicable in the presence of structural breaks in African stock markets.
Oil price and stock market returns uncertainties and private investment in Saudi Arabia Imed Medhioub; Mohammed Makni
Economic Journal of Emerging Markets Volume 12 Issue 2, 2020
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol12.iss2.art7

Abstract

The private sector plays a crucial role in the economy. This paper constructs an empirical model for the sector in Saudi Arabia. It incorporates oil price uncertainty as well as stock market returns volatility to predict the sector. It estimates the GARCH (generalized autoregressive conditional heteroskedasticity) and ARDL (autoregressive distributed lag) models. Findings/Originality: Our estimations show significant evidence of a long-run relationship between private investment, oil price, and the stock market. We also find that the stock market index has a significant positive effect on private investment in the short run. The effects are strong in the case of unexpected news from the oil sector. Oil price uncertainty can be considered as a channel of transmission of negative shocks on the private sector. For these reasons, when Saudi Arabia has launched its 2030 vision, it announced that one of its goals is to become a non-oil dependent country.
Personal income distribution in Turkey: A generalized ordered logit analysis Vedat Kaya; Ali Kemal Çelik; Muhammet Kutlu
Economic Journal of Emerging Markets Volume 12 Issue 2, 2020
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol12.iss2.art2

Abstract

Income distribution decomposition may be affected by a variety of different factors. The main objective of this study is to examine potential factors of personal income distribution in TRA1 sub-region, the three highest income inequality in Turkey. The dataset was drawn from the Turkish Household Income and Life Conditions Survey. Due to the natural ordering of the dependent variable, a generalized ordered logit model was performed to analyze the data. Findings/Originality: The estimation results reveal that gender, age, marital status, educational level, occupational group, and general health status were found to be statistically significant determinants of personal income distribution in TRA1 sub-region of Turkey. The empirical evidence gathered from this study may add an explanation for personal income distribution decomposition in sub-regions of Turkey. In addition, the finding contributes to the human capital theory development that implies the importance of educational policy as one of the effective tools in reducing inequality.
The linkage between globalisation and financial inclusion: Do inequality and institutions matter? Malik Cahyadin
Economic Journal of Emerging Markets Volume 12 Issue 2, 2020
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol12.iss2.art8

Abstract

This paper examines the effect of the globalization threshold on financial inclusion in 40 selected countries during 2000-2018. A principal component analysis (PCA) and a static panel threshold (SPT) are utilized. There are three dimensions and one aggregation of financial inclusion indicators assessed by PCA, while the globalization threshold is estimated under static panel threshold regression. Findings/Originality: The findings exhibit six countries with strong financial inclusion and eight countries with weak financial inclusion during study periods. Furthermore, the threshold effect of globalization has a significant impact on the financial inclusion index. The robustness checking employs panel cointegration test exhibits that inequality and some institutions indicators have a significant impact on financial inclusion both in the short-run and long-run. The policy implication suggests that governments should increase the financial inclusion index level during the globalization period, decrease inequality, and improve institutions' quality.
Government expenditure and standard of living in an emerging market in Africa–Nigeria Sarah Elechi Jeff-Anyeneh; Amalachukwu Chijindu Ananwude; Gideon Kasie Ezu; Andrew Izuchukwu Nnoje
Economic Journal of Emerging Markets Volume 12 Issue 2, 2020
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol12.iss2.art4

Abstract

The effect of government expenditure on the standard of living has different impact for various level of economies. In this study, we determined the effect of government recurrent and capital expenditure on the standard of living in Nigeria using a test of causation. The long and short run estimates were done by utilizing an Autoregressive Distributive Lag (ARDL) model using data that spanned from 1981 to 2018. Findings/Originality: Precipitously, we asserted that government recurrent and capital expenditure have a significant effect on the standard of living in Nigeria. Nevertheless, that is not the true reflection of the living standard in the country. There is an enormous need for the government to increase its expenditure on the health sector. Investment in healthcare is positively related to economic growth and has the potential of reducing poverty, hence a better standard of living. The Federal Government of Nigeria ought to, as a matter of direness, prioritize capital expenditure over recurrent expenditure.
Macroeconomic uncertainty and investment relationship for Turkey Pelin Öge Güney
Economic Journal of Emerging Markets Volume 12 Issue 2, 2020
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol12.iss2.art3

Abstract

Macroeconomic uncertainties are expected to affect investment decisions. This study analyzes the effect of the real exchange rate, inflation, and growth uncertainties on private investment in Turkey, an emerging country. While a generalized autoregressive conditional heteroskedasticity (GARCH) model is adopted to measure uncertainties, the existence of a long-run relationship of the variables is assessed using the bound testing approach. Finally, an error correction model is estimated to capture the dynamic relationship. Findings/Originality: The results for the short-run dynamic estimation show that both inflation and real exchange rate uncertainties have a significant negative effect on investments. As for the long-run equilibrium, exchange rate, inflation, and growth uncertainties have a negative impact on private investments. The application of inflation targeting and exchange rate stabilization policy might effectively reduce uncertainty on investments, thus supporting economic growth in the short term.

Page 1 of 1 | Total Record : 8

 1 

Filter by Year

2020 2020


Reset
Filter By Issues
All Issue Volume 17 Issue 1, 2025 Volume 16 Issue 2, 2024 Volume 16 Issue 1, 2024 Volume 15 Issue 2, 2023 Volume 15 Issue 1, 2023 Volume 14 Issue 2, 2022 Volume 14 Issue 1, 2022 Volume 13 Issue 2, 2021 Volume 13 Issue 1, 2021 Volume 12 Issue 2, 2020 Volume 12 Issue 1, 2020 Volume 11 Issue 2, 2019 Volume 11 Issue 1, 2019 Volume 10 Issue 2, 2018 Volume 10 Issue 1, 2018 Volume 9 Issue 2, 2017 Volume 9 Issue 1, 2017 Volume 8 Issue 2, 2016 Volume 8 Issue 1, 2016 Volume 7 Issue 2, 2015 Volume 7 Issue 1, 2015 Volume 6 Issue 2, 2014 Volume 6 Issue 1, 2014 Volume 5 Issue 2, 2013 Volume 5 Issue 1, 2013 Volume 4 Issue 2, 2012 Volume 4 Issue 1, 2012 Volume 3 Issue 3, 2011 Volume 3 Issue 2, 2011 Volume 3 Issue 1, 2011 Volume 2 Issue 3, 2010 Volume 2 Issue 2, 2010 Volume 2 Issue 1, 2010 Volume 1 Issue 3, 2009 Volume 1 Issue 2, 2009 Volume 1 Issue 1, 2009 Volume 13 Issue 3, 2008: Indonesian Version Volume 13 Issue 2, 2008: Indonesian Version Volume 13 Issue 2, 2008: English Version Volume 13 Issue 1, 2008: Indonesian Version Volume 13 Issue 1, 2008: English Version Volume 12 Issue 3, 2007 Volume 12 Issue 2, 2007 Volume 12 Issue 1, 2007 Volume 11 Issue 3, 2006 Volume 11 Issue 2, 2006 Volume 11 Issue 1, 2006 Vol. 10 No. 3 (2005) Vol. 10 No. 2 (2005) Vol. 10 No. 1 (2005) Vol. 9 No. 2 (2004) Vol. 9 No. 1 (2004) Vol. 8 No. 2 (2003) Vol. 8 No. 1 (2003) Vol. 7 No. 2 (2002) Vol. 7 No. 1 (2002) Vol 6, No 2 (2001) Vol 6, No 1 (2001) Vol 5, No 2 (2000) Vol 5, No 1 (2000) Vol 4, No 2 (1999) Vol 4, No 1 (1999) Vol 3, No 1 (1998) Vol. 2 No. 3 (1997) Vol. 2 No. 2 (1997) Vol. 2 No. 1 (1997) Volume 8, 1996 Volume 7, 1996 Volume 6, 1995 Volume 5, 1995 Volume 4, 1994 Volume 3, 1994 Volume 2, 1994 Volume 1, 1993 More Issue