Research in Applied Economics

Articles

Vol. 6, No. 4, 2014

Modelling Farmers Investment in Agrochemicals: The Experience of Smallholder Cocoa Farmers in Ghana
AbstractThe study analyzes the effects of the determinants of farmer's adoption of and investment in agrochemicals by collecting primary data from 156 sampled cocoa farmers in the Sefwi-Wiawso Municipality of Ghana. Descriptive statistical technique...
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Does Foreign Land Acquisition Deprive per Capita Income in Africa?
AbstractThis study investigates the implications of large scale foreign land acquisitions on per capita income in Africa. It employs data from World Development Indicators, World Governance Indicators and World Trade Indicators on key variables such...
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Homogeneous Clustering of Brazilian Municipalities Based on Structuring Health Care through Concept Maps
AbstractThis work aims to apply a new approach to support the formulation and structuring of health care in Brazilian municipalities using concept maps and data mining. The analysis of the results and conclusions can provide support for public policies...
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International Competitiveness and Growth of the Nigerian Economy: A Structural VAR-Based Perspective
AbstractThe empirical relationship between international competitiveness of the Nigerian economy and its consequences on economic growth dynamics was investigated in this study. Using export performance and real effective exchange rate as proxies for...
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Determinants of Choice of Climate Change Adaptation Strategies in Northern Ghana
AbstractThis paper used binary logistic regression model to analyze factors that affect the choice of climate change adaptation strategies of farmers in Northern Ghana. Using semi-structured questionnaires, 155 farmers were randomly sampled from purposively...
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A Comparative Analysis of Profit Efficiency in Maize and Cowpea Production in the Ejura Sekyedumase District of the Ashanti Region, Ghana
AbstractResource allocation influences productivity or profitability of crop enterprises, particularly among smallholder agricultural systems, yet many empirical studies tend to ignore this fact. In this paper, we use profit efficiency measurement as...
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Vol. 6, No. 3, 2014

Examining the Validity of Wagner's Law in the OECD Economies
AbstractIn this study, the validity of Wagner's Law, which explains the relationship between public expenditures and economic growth, has been analyzed over its alternative models by using the data from 27 OECD economies between the years 1995- 2012....
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Comparison of Decision-Making Methods Comparison of Decision-Making Methods
AbstractA comparison is made between the most commonly used decision-making method (AHP), and two methods developed by the authors (APM and CSM). It is shown that the newly developed methods do not change the correlations and types of inequalities between...
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The Screening Hypothesis and the Returns to Schooling in Argentina
AbstractWe conduct four tests of screening in education. We apply our methodology to labor market data from Argentina, using two points in time, a period during which the returns to schooling in Argentina increased. There do not appear to be significant...
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Linkages in Capital Structure Theory and Economics
AbstractThe foremost purpose of this paper is to concisely explain to individuals teaching economics in an academic setting or using economics in a practical setting some of the basics of long run financial theory focusing on the capital structure of...
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Cash Holdings and Finance Constraints in Indian Manufacturing Firms
AbstractThis paper attempts to explore the effect of finance constraints by examining the propensity of firms to save cash out of cash flows. Drawing on cash-cash flow sensitivity (CCFS), we overcome the errors in attributing information in cash flows...
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Factors Determining Consumer Fraud Reporting in Kenya
AbstractThis study examines the factors determining consumer fraud reporting in Kenya. It presents cross sectional evidence from data collected by the United Nations Office on Drugs and Crime and KIPPRA in 2009/2010. Descriptive results show that the...
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Who Receives Unemployment Insurance?
AbstractThis paper uses Unemployment Insurance (UI) administrative data combined with Current Population Survey data in 2003 to examine socioeconomic patterns in UI receipt for new job losers. We find that key socioeconomic groups - women, nonwhites,...
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BMI Changes in Russian Adults: The Role of Health Related Behaviors and Spousal Relationships
AbstractThe paper investigates the effects of changes in marital status and health related behaviors (smoking and drinking) on the body mass index (BMI) in Russian adults over a ten-year period. Smoking and drinking behavior changes have played an important...
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Success and Failure of the Macedonian Entrepreneurs
AbstractThe aim of this paper is to investigate the cases of success and failure of the Macedonian entrepreneurs. In an online survey, entrepreneurs were asked to recall experiences of success and failure date these experiences and assess how much they...
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Vol. 6, No. 2, 2014

Funding of German Lander, Mechanisms and Solidarity
AbstractGermany is a federal state made up of 16 constituent states, called Länder. Considering the country's history of division between West and East and the wealth gap which is still much alive between the two regions, German authorities have decided...
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Is the Over-Education a Temporary Phenomenon? Case of Tunisian Higher Education Graduates
AbstractThis work analyzes the phenomenon of normative overeducation in the case of Tunisian higher education graduate cohort 2004. Two interrogations are presented in the survey. The first is realized 18 months after graduation and the second 3 years...
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Carbon Dioxide Emissions among African Countries: An Application of the Sequential Panel Selection Method
AbstractThis paper investigates the existence of stochastic convergence in per capita carbon dioxide emissions for a panel of 15 African countries using the Sequential Panel Selection Method (SPSM) for the time period running from 1971 through 2011....
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An Econometric Analysis of the Impact of Macroeconomic Fundamentals on Stock Market Returns in Ghana
AbstractRelying on more recent data spanning September, 2000 to September, 2010, this paper investigates the effects of macroeconomic variables on stock market returns by employing the Johansen multivariate cointegration approach and vector error correction...
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National Assembly Expenditure and Economic Growth in Nigeria: An Empirical Analysis
AbstractThe persistent public outcry in recent times over the perceived unnecessarily large expenditure on the Nigerian national assembly, and the question of the extent of their contribution to the overall growth of the nation is worrisome. This study...
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Determining Optimal Public Debt and Debt-Growth Dynamics in the Caribbean
AbstractThis study (i) investigates the debt-growth nexus and the non-linearity issue using panel dynamic ordinary least squares estimations and threshold dynamics in 13 Caribbean countries, (ii) calibrates an optimal debt/GDP ratio for each country...
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Income Disparity among Older Malaysians
AbstractThe aim of this paper is to explore income disparities among older Malaysians. The specific objective is to determine the income disparities among different groups by gender, ethnicity, stratum and region. A total of 2,327 Malaysians, ages 55...
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Vol. 6, No. 1, 2014

A Practical Method for Diagnosing the Existence of Industrial Barriers to Entry
AbstractEntry relates with the appearance of a new producer in a market or industrial sector. The role of entry is critical, because it operates as a balancing force against high levels of industrial concentration and the abuse of dominant position by...
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Fiscal Planning and Implementation: Euro Area Analysis Based on Real Time Data
AbstractThe aim of this study is to explore discretionary fiscal policies in the euro area during the time of monetary union (EMU). Ex ante budget plans and policy changes during budget implementation are investigated using real time data from the OECD...
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Institutional Capacity and Macroeconomic Performance: Empirical Evidence from Nigeria
AbstractThe paper aimed at empirically investigating the impact of institutional capacity on macroeconomic performance of the Nigerian economy for the period 1961-2011. The analysis is based on a multivariate vector error correction model. The empirical...
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The Impact of Fundamental Shocks on Stock Prices: Evidence from Turkey
AbstractIn this study, we investigate the relationships between Borsa Istanbul Stock Exchange (BIST) stock prices and underlying macroeconomic shocks in the Turkish economy. For this, we employ both bivariate and trivariate Structural Vector Autoregressive...
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Constructing a Model for Creating Movie Trailers Increase Customers' Desire
AbstractNowadays, movie box-office revenue and movie theater visitor numbers are relatively stagnant. A particular problem is that there are fewer movie goers among young people in their early twenties to early thirties, who tend to spend more. In order...
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House Price Bubbles in China
AbstractThis paper uses a vector of macroeconomic and monetary policy fundamental variables to investigate the existence of speculative bubbles on national residential house market in China over the period from Mar.1998 to Feb.2013.In the past few years,...
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Panel Granger Causality between Bank Efficiency and Market Concentration in the European Union
AbstractThis paper seeks to contribute to the literature with the test of the panel Granger causality relationship running not only from bank efficiency to bank market concentration, but also the reverse causality from concentration to efficiency. For...
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It Is Worth Its Weight in Gold: The Swiss Franc in the 1930's
AbstractSwitzerland is perceived as a unique country. Economic and financial explanations have to be linked to monetary, social and political reasons too. It means that money matters in Switzerland because it is a small, open and multicultural country...
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Impact of the Interest Drawback Programme (IDP) on Loan Repayment under the Agricultural Credit Guarantee Scheme (ACGS)
AbstractThe interest drawback programme (IDP) as an innovation under the Agricultural Credit Guarantee Scheme (ACGS) was instituted to encourage loan repayment by providing a post payment rebate to loan beneficiaries that honour their loan repayment...
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Market Power and Competition Effect on Termination Rate: Econometric Analysis of the Tunisian Case
AbstractEconometric analysis can be mobilized by the regulator to set cost-oriented prices. Indeed, the regulator can influence the market structure to lower these rates. Our work is to estimate, econometrically, the effect of variables related to market...
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A Social Accounting Matrix for India, 2005-06
AbstractThis paper aims to construct a Social Accounting Matrix (SAM) for India and explain the methodology in the process. This SAM consists of 41 sectors of the economy, two factors of production, nine occupational categories and ten expenditure categories...
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Transition to 21st Century Audit: An Imperative for Fraud Detection in Nigeria
AbstractThis paper aims at examining the transition to 21stcentury audit as an imperative for fraud detection in Nigeria. The study adopted the descriptive research design. A total of 800 copies of questionnaire were administered to a cross section of...
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The Influence of Intellectual Capital Components to Financial Performance and Value of the Firm Registered in Indonesia Stock Exchange
AbstractThis study aims to analyze the influence of intellectual capital components consisting of value added capital employed, value added human capital, and value added structural capital to financial performance and value of the firm, as well as financial...
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Emotional Intelligence and Job Satisfaction in Greek Banking Sector
AbstractThe purpose of this paper is the examination of the issue of emotional intelligence and job satisfaction, concerning a sample of bank employees in the Greek banking sector. Particularly, this paper examines the concept of emotional intelligence...
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The Importance of the Accounting Information and the Role of the Scientific Accounting Research in Developing the Economic Development Service in the Developing Countries (Case Study Jordan)
AbstractThe aim of this study to the statement the importance of accounting and scientific research accounting in achieving economic development through accounting information and the need to develop accounting for economic development through the study...
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Vol. 5, No. 4, 2013

Monetary Conditions Index for Kenya
AbstractThe purpose of this paper is to construct and test the feasibility of a monetary conditions index (MCI) for Kenya using 2000 - 2011 time series quarterly data. Empirical results confirm the existence of cointegration between aggregate demand...
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Foreign Direct Investment 2013-2014: Destination Poland? an Update and Appraisal
AbstractThis article is a discussion of the role and importance that foreign direct investment (FDI) has played in the Polish economy in light of the process of economic transformation accomplished in Poland since 1989. Much of the background information...
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Effects of Unofficial Euroisation in Serbia with Regards to the Inflation and Real GDP
AbstractThe term euroisation or dollarization involves several different monetary systems that are very different from one another, but have a common feature of having a foreign currency widespread as a means of payment in the formal or informal transactions....
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Effects of Macroeconomic and Global Variables on Stock Market Performance in Mexico and Policy Implications
AbstractBased on a sample during 1985.Q4-2011.Q2 and applying the exponential GARCH model, we find that the stock market index in Mexico is positively associated with real GDP, the peso/USD exchange rate, the M3/GDP ratio and the U.S. stock market index...
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Efficiency and Quality in Higher Education A Dynamic Analysis
AbstractDuring the last decades, these systems passed from elitism to mass given the democratization of the access to higher education. Considering the strong budgetary constraint, higher education institutions are obliged to operate with more efficiency...
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Vol. 5, No. 2, 2013

Empirical Performance of Monetary Aggregates in BEAC and BCEAO
AbstractThe aim of this study is to compare empirical performance of traditional as well as Divisia monetary aggregates. This evidence comes from the comparison of their relative performance in terms of real GDP and inflation within 1992.1 and 2007.4....
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Perception of Information Security of Management of Banking and Insurance Companies in Countries of Western Balkans
AbstractIn this paper it is described aspects of standardisation of information security and its implementation in banking and insurance companies in countries of Western Balkans. In terms of approaching the standards of EU, one of the areas that need...
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Financial Development and Economic Growth in SSA: A Panel Econometric Approach
AbstractIn this study, we examine the long run relationship between financial development and economic growth in 24 Sub-Saharan countries in Africa. The study explores the spatial impact in explaining the relationship. We examine the stationarity and...
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The Debate over the Relationship between Income Inequality and Economic Growth: Does Inequality Matter for Growth?
AbstractThe last twenty years have seen an increasing interest by economist for understanding the effects that income distribution has on economic performance, and even though economic theory has focused traditionally in issues such as productivity and...
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Access to Microfinance by Rural Women: Implications for Poverty Reduction in Rural Households in Ghana
AbstractIn view of the recent evidence that the impact of microfinance is being overstated, this study assesses the causal link between receiving credit from a microfinance institution and poverty reduction among rural households in the Upper East Region...
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Does Finance Promote Growth in Botswana?
AbstractThe discourse on the finance-growth connection is yet to be laid to rest. This paper contributes to the discourse by analyzing data (1981-2010) from Botswana. The paper uses Fully Modified Ordinary Least Squares regression technique and Pairwise...
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The Incidence and Costs of Education-Occupation Mismatches in Canada: Evidence from Census Data
AbstractThe incidence of educational mismatch and the costs resulting thereof, are examined from the perspective of gender and nativity status, using Canadian census data. Mismatches arise when individuals are "over-educated" or "under-educated" relative...
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Vol. 5, No. 1, 2013

Food Crop Farmers' Willingness to Participate in Market-Based Crop Insurance Scheme: Evidence from Ghana
AbstractThe study assesses food crop farmers' willingness to participate in market-based crop insurance scheme in the Kintampo North Municipal of Ghana, using primary data solicited from 120 farmers in April 2010. The study employed descriptive statistical...
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Entrepreneurship in Greece: A Way out of the Crisis or a Dive In?
AbstractThe goal of the current article is to examine the status and role of entrepreneurship in the Greek economy. It presents data on entrepreneurship and business demographic data as size classes, employment, value added and business failure. It also...
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Mexico Needs to Proactively Educate Maquiladora Workers
AbstractMexico is not known for an outstanding public education system. Rankings are less than needed to advance the manufacturing sector and move into a more competitive high-tech model to support the needs of North America and fight offthe constant...
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The Market Valuation Hypothesis of Dividend Policy: New Evidence from Japan
AbstractThis paper explores the determinants of the dividend policy in Japan. First, our empirical investigations reveal that in contrast to the US case, the dividend premium is neither the determinant of the dividend initiations nor the continuations...
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An Empirical Analysis of House Price Bubble: A Case Study of Beijing Housing Market
AbstractIncreases in house prices can lead to higher house price volatility, a significant determinant of default and the prepayment of housing loans (Miles, 2008). Many researchers believe that significant growth in house price has the potential to...
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Will Sub-Saharan Africa Meet the Millennium Development Goals and Does It Matter?
AbstractIn 2000 the largest gathering of world leaders in history met at the United Nations to endorse the Millennium Development Goals (MDGs) and these goals have received wide-spread attention since then. This paper examines these goals and also considers...
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Vol. 4, No. 4, 2012

Revisiting the Leading Economic Indicators
AbstractLeading economic indicators have long been a tool of American economists, particularly those working in the business sector, for anticipating turning points in the business cycle. Armed with knowledge of likely peaks and troughs in the pace of...
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Developing Countries' Experience with Neoliberalism and Globalisation
AbstractThis study analysis developing country's experiences of the last three decades after many of these countries had adopted neoliberal economic policies. An attempt is being made to study their achievements in terms of reducing poverty and unemployment....
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The Contribution of Economic Sectors to Economic Growth: The Cases of China and India
AbstractChina and India have recently achieved spectacular economic growth where GDP per capita grows rapidly in both countries. Thus, this study examines the contribution of economic sectors to economic growth in both countries by using time series...
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Vol. 4, No. 3, 2012

An Outline of the Concept of Entrepreneur: Tradition and Modernity
AbstractTo be an entrepreneur supposes a special sense of forecast, a certain attitude regarding the activity carried out as well as unique responsibilities. Over time, a problem in entrepreneurship research has been the difficulty of defining the concept...
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Financial Development and Human Capital in South Africa: A Time-Series Approach
AbstractThis is a time-series study that investigates the relationship between human capital and financial development in South Africa for the period of 1965-2005. The paper uses four measures each for both financial development and human capital. With...
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The Effect of Macroeconomic Instability on Economic Growth in Iran
AbstractEffect of macroeconomic instability on the economic growth through the use of time series data and macroeconomic instability indicator in the years from 1974 to 2008 is the main objective of this study. For this purpose, a regression equation...
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Vol. 4, No. 2, 2012

Regional Economic Disparities as Determinants of Student's Achievement in Italy
AbstractWe use a statistical (multilevel) approach to study the relationship between Math Scores and individual-level and school-level factors. The sample contains data about 21,336 students sorted into 163 schools. Our results show that students attending...
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Fair Value between Perception and Reality
AbstractMany of the authors are presenting the advantages of fair value, but there are voices contesting this concept, because of its volatility and the tendency to subjectivism, to the manipulation of used models for evaluation.Among the advantages...
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Vol. 4, No. 1, 2012

Privatisation in Botswana: A Case of Firsts Not Happening First?
AbstractThe late 1980s and early 1990s were characterised by unprecedented waves of privatisation in the world. Like other developing economies, Botswana jumped into the bandwagon and laid the legal framework for privatisation by way of promulgating...
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Outcome of Macroeconomic Instability (A Case for Iran)
AbstractThere is no unique threshold between stability and instability for each macroeconomic variable. Rather, there is a continuum of combinations of levels of key macroeconomic variables, including growth, inflation, fiscal deficit, current account...
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