scholarly journals Does the level of human capital matter for FDI in the Western Balkan countries?

2020 ◽  
Vol 70 (3) ◽  
pp. 381-405
Author(s):  
Marija Petrović-Ranđelović ◽  
Tamara Rađenović ◽  
Bojan Krstić ◽  
Vladimir Mićić
Keyword(s):  
Human Capital ◽  
Negative Impact ◽  
Positive Impact ◽  
Tertiary Education ◽  
Political Stability ◽  
Stability And Control ◽  
Correlation And Regression Analysis ◽  
Balkan Countries ◽  
Location Determinants ◽  
And Control

AbstractThe purpose of this paper is to investigate the importance of human capital, as location determinant for the foreign direct investment (FDI) decisions in the Western Balkan Countries between 2008 and 2016. Apart from the human capital indicators, several location determinants were used as control variables. The hypothesis has been tested by employing correlation and regression analysis. The empirical findings revealed the positive impact of primary education and the negative impact of tertiary education on the inflows. The analysis showed that political stability and control of corruption are more important location determinants than human capital. Therefore, the policy measures should be directed towards the improvement of institutional framework and creating a supporting environment for the FDI inflows.

scholarly journals The Effect of Enterprise Risk Management (ERM) on Firm Performance: Evidence from the Diversified Industry of Sri Lanka

2018 ◽  
Vol 10 (1) ◽  
pp. 75
Author(s):  
Kingsley Karunaratne Alawattegama
Keyword(s):  
Firm Performance ◽  
Sri Lanka ◽  
Empirical Evidence ◽  
Negative Impact ◽  
Positive Impact ◽  
Enterprise Risk Management ◽  
Performance Information ◽  
Return On Equity ◽  
Enterprise Risk ◽  
And Control

The objective of this empirical study is to explore the effect of the adoption of ERM on the performance of the diversified industry of Sri Lanka. The extent of the adoption of ERM is assessed based on eight ERM functions recognized by the ERM integrated framework of the committee of sponsoring organization of the Treadway Commission and use return on equity as a proxy to measure firm performance. This study finds ERM supportive internal environment, risk-aligned objective setting, event identifications, and risk response have a positive impact on firm performance. However, none of those impacts were statistically significant. Surprisingly, empirical evidence reveals that risk assessment and control activities have a negative impact on the firm performance. Information & communication and monitoring functions indicate a significant impact on firm performance. Nevertheless, monitoring function shows a negative impact on the firm performance. The researcher believes this negative impact is attributable to the increased cost of monitoring activities that is crucial for a diversified business setup. This empirical evidence induces the researcher to conclude that, except for communication and monitoring, the adoption of ERM has no significant impact on the firm performance. These findings are contradictory with the findings of prior researchers.

The Dynamic Correlation Between Capital Deepening and Total Factor Productivity in China

2020 ◽  
Vol 24 (4) ◽  
pp. 524-531
Author(s):  
Wuliu Zhang ◽  
Keyword(s):  
Human Capital ◽  
Total Factor Productivity ◽  
Negative Impact ◽  
Positive Impact ◽  
Linear Structure ◽  
Physical Capital ◽  
Influence Coefficient ◽  
Factor Productivity ◽  
Capital Deepening ◽  
The Impact

The impact of capital deepening on total factor productivity (TFP) is a significant and controversial issue. Based on the calculation of relevant indicators, this study adopts a Bayesian time-varying parameter model, Bayesian quantile regression, and adaptive Bayesian quantile models for in-depth statistical analysis. TFP was found to have a complex non-linear structure, and physical and human capital deepening indicators show a significant upward trend. The deepening of physical capital has a negative impact on TFP, while the deepening of human capital has a positive impact. In the capital deepening structure, the level of TFP has been improved and its structure optimized. Primary human and non-production physical capital deepening has no significant effect on TFP, while secondary human capital deepening has some significant effects on TFP. Tertiary and productive human capital deepening of TFP present two different forms of significant effect: the influence coefficient of the former declines in the increasing quantile and the change is larger, while the latter has a stable negative impact. The results of this study provide insights in terms of the improvement of China’s productivity.

scholarly journals Interest Rate Transmission Effect on Money Supply: The Nigerian Experience

2012 ◽  
Vol 2 (1) ◽  
pp. 212 ◽  
Author(s):  
Ebiringa, Oforegbunam Thaddeus
Keyword(s):  
Interest Rate ◽  
Money Supply ◽  
Negative Impact ◽  
Positive Impact ◽  
Transmission Effect ◽  
Rate Transmission ◽  
Savings Rate ◽  
Lending Rate ◽  
And Control ◽  
Autoregressive Analysis

This paper investigates the effect of interest indices on money supply. The motivation is to ensure stability in money supply through sustainable interest rate management.  The period 1990-2007 was covered. The Eviews software was used to carry out autoregressive analysis on the variable as well as an assessment of the effects on interest rate indices on money supply. The results among others show that minimum rediscount rate and savings rate have made significant positive impact on money supply. On the other hand, lending rate has made insignificant negative impact on money supply.   Based on the above results the conclusion of the study the inability of the monetary authority to narrow the gap between saving and lending rate remains a key to the problem of instability in money supply, hence concerted effort must by made to strengthen the capacity of regulatory authorities to use market based options monitor and control periodic volatility in money supply through an effective interest rate regimes.

scholarly journals Supervision and Control of The Government Internal Supervisory Apparatus in The Implementation of Regional Autonomy

2019 ◽  
Vol 1 (1) ◽  
pp. 56-69
Author(s):  
Engkus ◽  
Cecep Wahyu Hoerudin ◽  
Dedeng Yusuf Maolani
Keyword(s):  
Local Governments ◽  
Public Services ◽  
Negative Impact ◽  
Positive Impact ◽  
Public Preference ◽  
Regional Autonomy ◽  
The Government ◽  
Study Techniques ◽  
And Control

The main problem of this regional autonomy research is the low competence of human resources in the New Autonomous Region of  Pangandaran Regency, which is caused by its suboptimal implementation. The purpose of this study is to describe the implementation of regional autonomy and its impact. The method used is a qualitative approach with observation, interview and library study techniques. This study concludes that the implementation of regional autonomy in Pangandaran is not yet optimal. The positive impact of regional autonomy can increase the efficiency and responsiveness of government in public services with public preference, and arouse the spirit of competition and innovation among local governments. The negative impact, the quality of public services is low, due to the transfer of authority which is often misunderstood or misused so that adequate and formal supervision and control is needed both formally and informally as well as synergy between local, provincial and central governments.

scholarly journals Governance and Tax Revenue in Asean Countries

2015 ◽  
Vol 6 (2) ◽  
pp. 76-88
Author(s):  
Makmun Syadullah
Keyword(s):  
Law Enforcement ◽  
Positive Impact ◽  
Descriptive Analysis ◽  
Political Stability ◽  
Tax Revenue ◽  
Negative Effects ◽  
Asean Countries ◽  
And Control ◽  
The Relationship

Tax revenue is influenced by many factors. Existing studies reveal that political stability, level of corruption, quality of the policy, income per capita, share of agriculture to the GDP, and market openness are some of the factors influencing tax revenue. This study aims to analyze the influence of governance by using some indicators, such as political stability, government effectiveness, quality of regulation, law enforcement accountability and control on corruption in tax area through empirical analysis of ASEAN countries. Descriptive analysis and causality methods are employed in this study. causality method is used to determine the relationship between observed variables using panel regression. The results of the study indicate that the controlon corruption, voice and accountability and political stability variables have significant negative effects on the tax ratio, while rule of law and quality of regulatory variables have positive impact on the tax ratio.

Effect of Government Spending Policies on Education on Human Capital Accumulation and Economic Growth in the Middle East and North Africa (MENA): أثر سياسات الإنفاق الحكومي على التعليم على مراكمة رأس المال البشري والنمو الاقتصادي في دول الشرق الأوسط وشمال إفريقيا (MENA)

2021 ◽  
Vol 5 (16) ◽  
pp. 65-90
Author(s):  
Emad Adnan Matyori Emad Adnan Matyori
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Middle East ◽  
North Africa ◽  
Government Spending ◽  
Capital Accumulation ◽  
Negative Impact ◽  
Positive Impact ◽  
Human Capital Accumulation ◽  
The Government

This study aims to estimates the effect of government spending on education and its policies on the accumulation of human capital and then economic growth, for this purpose, we use the econometric method, and employed the simultaneous equations model, for a sample of fourteen countries from the Middle East and North Africa (MENA) For the period (1980- 2019); The study concluded, in the first estimates stage of the model, that most of the government spending policies on education used in the study positively affect the accumulation of human capital, except, government spending policy on education at basic educational levels, which had a negative impact. And in the second estimates stage of the model, The study concluded, a positive impact of the accumulated human capital due to government spending on education and its policies on economic growth; Consequently, government spending policies on education positively affect economic growth through the channel of human capital accumulation, expressed in the composite index based on the Barrow- Lee database of average years of schooling for the working- age population, adjusted for the quality and return of education. The study made the following recommendations: interest to international education indicators data, as it is the basis for managing the educational system. Study more government spending policies on education to reveal its role in human capital accumulation and economic growth.: interest to human capital when formulating government policies, targeting its development, and increasing its contribution to GDP.

scholarly journals Research on the Distribution of Pollution-Intensive Industries and Their Spatial Effects in China

2019 ◽  
Vol 11 (19) ◽  
pp. 5378 ◽  
Author(s):  
Mei Ren ◽  
Caihong Huang ◽  
Xiaomin Wang ◽  
Wei Hu ◽  
Wenxin Zhang
Keyword(s):  
Spatial Distribution ◽  
Path Dependence ◽  
Industrial Structure ◽  
Negative Impact ◽  
Positive Impact ◽  
Inhibitory Effect ◽  
Eastern Region ◽  
Spatial Effects ◽  
Stable Path ◽  
And Control

Investigation of the spatial transfer laws and dynamic mechanisms of pollution-intensive industries (PIIs) is becoming a popular field in regional sustainable development. Based on the statistical data of 30 provinces (cities and districts) in China from 2000 to 2017, this paper applied the Gini coefficient and a redistribution index as well as spatial econometric approaches to explore the spatial distribution characteristics and spatial effects of China’s PIIs. PIIs in China have experienced two transition stages: ‘from north to south’ and ‘from east to central and west’, and the spatial distribution imbalance of PIIs has been gradually improved. In terms of industries, all PIIs in the northeast region were removed; PIIs in the eastern region not only transferred outward but also have experienced an agglomeration effect. The central and western regions were the main areas where transferring PIIs were settling. The distribution of PIIs in China showed a strong spatial correlation and a relatively stable path dependence. Through use of the spatial Dubin model, it is concluded that command-and-control environmental regulation and transportation costs had a negative impact on the distribution of PIIs in this region and a positive impact on the surrounding regions; thus, the pollution haven hypothesis was supported. Resource factors, technological innovation levels, and industrial structure—whether direct or indirect—had an inhibitory effect on the distribution of PII. Capital factors not only promoted the development of PIIs in this region, but also promoted it in other regions. Agglomeration economics had a positive impact on the distribution of PIIs in this region, and a negative impact on the surrounding regions.

scholarly journals Impact of Population and Workforce Aging on Economic Growth: Case Study of Taiwan

2019 ◽  
Vol 11 (22) ◽  
pp. 6301
Author(s):  
Wen-Hsin Huang ◽  
Yen-Ju Lin ◽  
Hsien-Feng Lee
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Negative Impact ◽  
Positive Impact ◽  
Population Aging ◽  
Retirement Pension ◽  
Workforce Aging ◽  
Aged Society ◽  
The Impact

Taiwan’s population is aging at a fast pace, and its aged society is expected to transition into a hyper-aged society within eight years. Population aging has been a matter of international concern; however, there remain differing views about its economic impact. Thus, this study aims to examine the impact of population and workforce aging on Taiwan using quarterly data from 1981–2017. The empirical results demonstrate that an aging workforce has a significantly positive impact on the rate of economic growth. However, the old-age dependency ratio has a significantly negative effect on economic growth. The empirical findings indicate that human capital is essential for total factor productivity (TFP) growth and that workforce and population aging mainly impact productivity through TFP. Accounting for policy factors, increasing the supply of the eldercare workforce and foreign manpower contribute toward countering the negative impact of an aging population on national economic growth. Policies on retirement, pension systems, health care, and human capital accumulation that target the aged population are discussed, accompanied by policy suggestions.

EDUCATION: MONEY ISN'T EVERYTHING

PEDIATRICS ◽  
1990 ◽  
Vol 86 (3) ◽  
pp. 420-420
Author(s):  
J. F. L.
Keyword(s):  
Human Capital ◽  
Negative Impact ◽  
Positive Impact ◽  
Rhetorical Device ◽  
The University ◽  
Relationship Of ◽  
The Relationship ◽  
The U.S

The education establishment and its cheerleaders would have us believe that America is not "investing enough in human capital." But while this rhetorical device has punch, it ignores the facts. Education budgets in the U.S. have never been larger, and they surpass those of virtually every other country. The problem is not in the level of investment, but in the return on that investment... See table in the PDF file ...This is the usual result of such studies. According to Eric Hanushek of the University of Rochester, of 65 studies on the relationship of expenditures and achievement, only 20% found a positive impact, while 75% found no impact and 5% found negative impact.

Nonlinear analysis of stability and control for an F-16 configuration

1997 ◽  
Author(s):  
Zhongjun Wang ◽  
Zhidai He ◽  
C. Lan ◽  
Zhongjun Wang ◽  
Zhidai He ◽  
...  
Keyword(s):  
Nonlinear Analysis ◽  
Stability And Control ◽  
Analysis Of Stability ◽  
And Control
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