scholarly journals Inflation, Employment and FDI in Bosnia and Herzegovina

2018 ◽  
Vol 15 (26) ◽  
Author(s):  
Goran Popović ◽  
Maja Ibrahimbegović
Keyword(s):  
Bosnia And Herzegovina ◽  
Phillips Curve ◽  
Aggregate Demand ◽  
Business Environment ◽  
Currency Board ◽  
Simple Linear Regression ◽  
Monetary System ◽  
Demand Correlation ◽  
Board System

The monetary policy of Bosnia and Herzegovina (hereinafter referred to as BIH) operates under the currency board system, responsible for strengthening the market economy and price stability. On the other hand, the economy of BIH is facing long-term unemployment, unfavorable business environment and feeble competitive position. This discourages economic development. Further retaining the currency board system in BIH attracts great interest. The paper analyzes the relation among inflation, unemployment and foreign direct investment (FDI). Statistical analysis (coefficient of correlation and simple linear regression (period 2004/2014)) indicates that there is no inversion similar to the Phillips curve between inflation and unemployment. Thus, it is implied that BIH renounces employment, aggregate demand and economic growth for the sake of stable prices. Moreover, the ratio of inflation and participation of FDI in GDP is inverse with a negligible correlation. Analyses demonstrate that there is no optimal combination of inflation and unemployment in BIH that would improve business environment and stimulate FDI and aggregate demand. Correlation and regression analyses fail to provide the arguments to statistically challenge the currency board as the monetary system model of BIH.

scholarly journals Analysis of Minsky moment in the system of currency board in Bosnia and Herzegovina

2021 ◽  
Vol 18 (2) ◽  
pp. 63-78
Author(s):  
Jelena Vitomir ◽  
Đorđe Lazić ◽  
Novo Plakalović
Keyword(s):  
Economic Crisis ◽  
Bosnia And Herzegovina ◽  
Financial Stability ◽  
Financial System ◽  
Currency Board ◽  
Vector Autoregression Model ◽  
Monetary System ◽  
Global Economic Crisis ◽  
The Will ◽  
The Common

In the past decade the world faced the consequences of the global economic crisis proclaimed in 2008. The common case for everyone was a financial crisis in which every country bore the burden of the crisis in its own way, and in each country generators of the crisis appeared in different segments. In the 1980s American economist Hyman P. Minsky wrote about this topic, explaining the characteristics of financial crises in rigid financial systems. The aim of this paper is to understand the causes and the consequences of the crisis through creation, growth and bursting of the credit bubble in separate market segments in Bosnia and Herzegovina through the system of currency board. Through the application of vector autoregression model (VAR) the responses to shocks, recorded on the side of demand for loans which were generated in the capital markets and in the construction sector, and the credit shock of demand, which formed, developed and then exploded after the proclamation of the global economic crisis in Bosnia and Herzegovina, were analyzed. Interpretation of the results through the light of hypothesis of Minsky moment is corroborated by an additional fact that a rigid monetary system like currency board did not provide the necessary mechanisms for the maintenance of financial stability. Stability of the financial system of Bosnia and Herzegovina was saved exclusively by the will of parent banks from abroad whose daughters participate in the financial system of Bosnia and Herzegovina.

Financial Performance of ECIL, Hyderabad – An Analysis

2013 ◽  
Vol 3 (2) ◽  
Author(s):  
N. Jyothi ◽  
Dr. T. Satyanarayana Chary
Keyword(s):  
Public Sector ◽  
Performance Analysis ◽  
Private Sector ◽  
Financial Performance ◽  
Business Environment ◽  
Present Position ◽  
Short Term ◽  
Comprehensive Manner

Financial performance of individual organizations differ very significantly, however, the performance is distinguishable between public sector companies and private sector companies as their nature and size of investment and business environment is different . The ECIL is a very vast growing company which requires additional funds on a regular basis, whether internal or external. Particularly, the company needs both long term and short-term finances in view of its present position and enormous scope for improvement in the services provided. The present paper is a modest attempt to discuss the financial performance analysis of ECIL, Hyderabad in terms operating profits, capital employed ratios and turnover in a comprehensive manner over a period of 10 years.

Issues and Challenges of Asian Development

Worldview ◽  
1975 ◽  
Vol 18 (7-8) ◽  
pp. 36-39
Author(s):  
Saburo Okita
Keyword(s):  
Growth Opportunities ◽  
Asian Development ◽  
Good Shape ◽  
Monetary System ◽  
The Social ◽  
The World ◽  
Short And Long Term ◽  
Oil Crisis ◽  
Complicated Nature

The economy of Southeast Asia has been in relatively good shape in spite of the instability of the world monetary system, trade deficits, and the worldwide oil crisis. There are promising factors for economic growth, opportunities for employment, and possibilities of rising income. But Asian development presents short-and long-term problems of a very complicated nature. One of the most serious problems is inflation and its impact on the social and political programs of individual countries. At the same time, there are severe shortages of basic commodities, such as oil and food. My own country, Japan, is among those affected.

GIFFEN EFFECT MODEL

2020 ◽  
Vol 10 (7) ◽  
pp. 1228-1245
Author(s):  
V.I. Tsurikov ◽  
Keyword(s):  
Consumer Choice ◽  
Demand Curve ◽  
Aggregate Demand ◽  
Negative Slope ◽  
Individual Values ◽  
Effect Model ◽  
Demand Curves ◽  
Income Individual ◽  
The Mathematical Model

The mathematical model of the Giffen effect proposed in the article clearly demonstrates both the effect itself and the reasons for its manifestation. The main advantages of the model include its extreme simplicity, which opens up access to the widest circle of readers, the use of standard methods for solving the consumer choice problem, and the most important fundamental agreement with the results of the field experiment of Jensen and Miller. The model shows that any good for which there is a more expensive substitute can be of little value. This or that good is endowed with the appropriate property by a particular consumer due to his or her own preferences, income level and prevailing prices. Any good of little value, including those that can only be consumed by a high-income individual, may turn out to be Giffen’s goods. Therefore, the consumption of Giffen’s product cannot be considered as evidence of the low standard of living of the consumer. According to the model, an increase in demand for an increasingly expensive low-value good, which is the essence of the Giffen paradox, is the result of optimizing a set of goods, i.e. the result of rational consumer behavior. It is shown that for the manifestation of the Giffen effect, it is necessary that the amount of funds allocated by the consumer for the purchase of a low-value good and its more expensive substitute falls into a certain rather narrow range of values. The failures of numerous and long-term studies aimed at detecting empirical manifestations of Giffen behavior in various historical events are explained by the fact that the corresponding analysis was carried out on the basis of averaged rather than individual values of demand for all categories of consumers. As a result, the negative slope of the aggregate demand curve turned out to be dominant over the positive sections of certain individual demand curves.

GEOLOGICAL STUDY AND MINING PLAN IMPORTANCE FOR MITIGATING ALKALI SILICA REACTION IN AGGREGATE QUARRY OPERATION

2016 ◽  
Vol 78 (7-3) ◽  
Author(s):  
Edy Tonnizam Mohamad ◽  
Bhatawdekar Ramesh Murlidhara ◽  
Mohd Nur Asmawisham Bin Alel ◽  
Danial Jahed Armaghani
Keyword(s):  
Aggregate Demand ◽  
Peninsular Malaysia ◽  
Alkali Silica Reaction ◽  
Petrographic Analysis ◽  
Kuala Lumpur ◽  
Developing Regions ◽  
Geological Structures ◽  
Rock Types ◽  
Mine Plan

More than 80 million tonnes of construction aggregate are produced in Peninsular Malaysia. Majority of construction aggregate are produced from granite. Developing regions of Johor Bahru, Kuala Lumpur, Penang and Selangar utilize granite aggregates. Normally it is considered aggregates as non-alkali reactive. Geological study can identify various rock types, geological structures, and reactive minerals which contribute to Alkali Silica Reaction (ASR). Deformed granites formed through faulting results in reduction of quartz grain size. Microcrystalline quartz and phyllosilicates are found in granites in contact with country rocks. Secondary reactive minerals such as chalcedony and opal may be found in granite. Alkali Silica reaction is slow chemical reaction in concrete due to reactive silica minerals in aggregates, alkalis in cement and moisture. For long term durable concrete, it is essential to identify potential alkali silica reactive aggregates. Lack of identifying reactive aggregates may result spalling, cracking in concrete and ultimately ASR can result in hazard to concrete structure. This paper deals with geological study of any aggregate quarry to identify rock type and geological structures with laboratory test –petrographic analysis and bar mortar test can identify type of aggregates being produced. Mine plan with Surpac software can be developed for systematic working for aggregate quarry to meet construction aggregate demand.

scholarly journals Business Climate Versus the Attraction of Direct Foreign Investments in Albania

2017 ◽  
Vol 4 (2) ◽  
pp. 35
Author(s):  
Dritan Shoraj ◽  
Perparim Dervishi
Keyword(s):  
Foreign Market ◽  
Business Environment ◽  
Foreign Direct Investments ◽  
Measuring Instrument ◽  
Business Climate ◽  
Foreign Investments ◽  
Chi Square ◽  
Foreign Investors ◽  
Foreign Companies

There are statistics that foreign direct investments (FDI) in Albania have significantly declined. Business climate and skill of policies to attract FDI in Albania has apparently not impacted the promotion of investments from foreign businesses. This study assesses the business environment disadvantages and the readiness and availability of foreign investors to take risks with their investments in a foreign market facing the business climate of the host country, as well as the skill or failure of the latter for long term cooperation. Some basic components of the business climate in Albania, impact and their attractiveness to foreign investors will be analyzed and assessed. The research methodology selected for this study is the quantitative one, where a number of about 100 CEO and administrators of medium and big foreign companies in Albania have been planned to be interviewed. The measuring instrument will be standardized and after data collection, a series of analyses will be built such as correlation, means, standard deviations, frequencies, Chi-square (χ2) where the value p00.5. Analysis of variables will be realized through SPSS program. The study will be closed with relevant conclusions and recommendations.

scholarly journals The role of SMEs in innovation-oriented economic development

2017 ◽  
pp. 95-99
Author(s):  
Tamás Köpeczi-Bócz ◽  
Mónika Lőrincz
Keyword(s):  
Rural Areas ◽  
Tertiary Education ◽  
National Level ◽  
Business Environment ◽  
The Other ◽  
Sectoral Structure ◽  
Other Hand ◽  
Knowledge Intensive ◽  
The One

Both at European and national level tertiary and quaternary sectors are concentrated in the metropolitan centre. In the rural areas only the sites of such sectors can be found the premises of which temporarily transform the sectoral structure of these areas, but from the regional development aspect they did not prove to be an effective strategy.The European Commission is now focusing on growth from innovation, which could become the driving force behind productivity growth and the economy’s long-term trend. The innovation-oriented economic development’s key players are on the one hand the knowledge-intensive enterprises, on the other hand the universities. Tertiary education can play a role – among others – in shaping and creating the development of knowledge intensive business environment and conditions, on the other hand it can assist the development of network contacts – another precondition of employment growth.

scholarly journals IMPLANTS AND INJECTIONS ARE FAVORITE CONTRACEPTION TOOLS IN SUMATERA SELATAN

2019 ◽  
Vol 5 (3) ◽  
pp. 147-150
Author(s):  
Mukni Mukni
Keyword(s):  
Regression Analysis ◽  
Family Planning ◽  
Linear Regression ◽  
Linear Regression Analysis ◽  
Simple Linear Regression ◽  
Contraceptive Methods ◽  
Poverty Level ◽  
Short Term ◽  
Simple Linear Regression Analysis

Background: The choice of contraception by family planning acceptors greatly determines the success rate of the family planning program, because not all contraceptives are suitable for someone. This study aims to determine what types of contraceptives chosen by family planning acceptors and whether there is a relationship between the selection of contraceptives there is a relationship with the poverty level in the District / City in South Sumatra in 2015, 2016 and 2017. The source of data obtained from the Provincial BPS South Sumatra. Methodology: This study uses a descriptive approach with a simple linear regression analysis method. Results: The results of the analysis were grouped into two, first long-term contraception method KB IUD, MOW, MOP and implants, both short-term contraceptive methods namely injection KB, pill and condom from 17 regencies / cities in South Sumatra. Conclusion: contraception devices that are mostly chosen by long-term contraceptive methods are implants (10000-35000) or 10-20 times larger than other contraceptives. Short-term contraceptive methods are injections, (7700 - 76000) or 5-7 times greater than other contraceptives. From the simple linear regression analysis it turns out that the relationship of long-term contraceptive selection by acceptors with the poverty level is R² = 0.7382 and the short-term method R² = 0.9223. District / City Governments in South Sumatra should provide alokon (contraceptive devices and drugs) in accordance with the type and amount in the field to be on target

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