• Title/Summary/Keyword: Economics Growth

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Factors Influencing the Profitability of Listed Firms in Vietnam's Stock Markets

  • NGUYEN, Dinh Hoan
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.7
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    • pp.197-203
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    • 2022
  • The agricultural sector has an important contribution to the economic development of Vietnam in particular and other countries in general. The growth of enterprises in the industry is an important bridge in promoting the economic development of the country. Currently, the policies of the Government of Vietnam always create favorable conditions for enterprises to conduct business, especially enterprises in the agricultural sector. The study aims to assess factors influencing the profitability of listed firms in Vietnam's stock market. Using 40 enterprises in the agricultural industry listed on the Ho Chi Minh City Stock Exchange and the Hanoi Stock Exchange and using advanced econometric modeling, dealing with defects in the regression model, the research results show that large-scale firm has higher economic efficiency than small-scale firm. In addition, a firm with higher use of loan capital is associated with a more efficient firm, reflected in the relatively good debt management ability of enterprises in the agricultural sector. Adversely, growth and age do not have any impact on firm performance. Macroeconomic factors do not impact profitability. Finally, the study has some policy implications for developing agricultural businesses in the case of Vietnam.

Innovative Technologies in Public Administration

  • Laura, Ashirbekova;Zhazira, Kusmoldaeva
    • East Asian Journal of Business Economics (EAJBE)
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    • v.4 no.1
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    • pp.1-4
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    • 2016
  • Development of research methodology and the construction of innovative management systems in accordance with the objectives of the ongoing study is related to the innovations in the system of state management technologies that are considered as intangible innovations embodied in the rules, organizational structures and management processes aimed at the qualitative improvement of the functioning of public authorities. This innovation - is a process that leads to a new quality of growth, efficiency jump.

The Current Situation of Mining and Smelting and the Mineral Policy of Japan

  • Shiga, Yoshihide
    • Proceedings of the KSEEG Conference
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    • 2003.04a
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    • pp.32-36
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    • 2003
  • The mining industry of Japan had rapidly grown after the World War II with the economic growth. There existed more than 350 mines all over Japan in the 1960’s. The mines however had been closed one after another under the influence of the world and domestic economic events such as the mining-related pollution in Japan after the middle of the 60’s, the Oil Crisises in 73 and 79 and the Strong Yen in 85 (Fig. 1). (omitted)

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Impact Assessments of High Oil Prices on the Agro-Food System and the Role of Bioenergy Crops

  • Lee, Duu-Hwa;Lin, Hsin-Chun;Chang, Ching-Cheng;Hsu, Shih-Hsun;Chen, Chi-Chun;Sun, Jenny Chin-Hwa
    • Environmental and Resource Economics Review
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    • v.16 no.3
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    • pp.653-682
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    • 2007
  • In this study, multi-sectoral partial equilibrium and computable general equilibrium models of Taiwan are used to investigate the direct and indirect effects of energy price increases on overall economies and agro-food sector in Taiwan. The results suggest that agricultural prices, production cost would increase between 0.27% to 1.88%, and a reduction in GDP around 0.39% to 0.54 %. The negative impact on livestock sector is slightly higher than that on the crop sector. Negative impacts are also observed in the employment and wages. The rising oil price has the potential to discourage production of energy-intensive activity because of the possibility of substitution and adaptations. The growth rate of real GDP will shrink by 0.64% to 1.06% and CPI will increase by 1.17% to 1,95%. Both the agriculture and non-agricultural sector also respond by raising output prices by 0.80% to 1.33%. The rising international oil price has urged the government to take policy actions like using alternative fuels such as biodiesel, bioethanol, and adopting measures to cut down on energy consumptions mainly in transportation sectors in response to public concern over economic shocks.

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China: in the East Asia Financial Crisis

  • Peng Yun-E
    • Proceedings of the KOR-KST Conference
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    • 1998.09a
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    • pp.204-211
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    • 1998
  • This paper reviewed the East Asia financial crisis, how China reacts to its impact, and what lessons should be learned from the crisis.

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Does Water Consumption Cause Economic Growth Vice-Versa, or Neither? Evidence from Korea (한국에서의 물소비와 경제성장 -오차수정모형을 이용하여-)

  • Lim, Hea-Jin;Yoo, Seung-Hoon;Kwak, Seung-Jun
    • Journal of Korea Water Resources Association
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    • v.37 no.10
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    • pp.869-880
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    • 2004
  • The purpose of this study is to examine relationship between water consumption and economic growth in Korea, and to obtain policy implications of the results. To this end, we attempt to provide more careful consideration of the causality issues by applying rigorous techniques of Granger causality. Tests for unit roots, co-integration, and Granger causality based on an error-correction model are presented. The existence of bi-directional causality between water consumption and economic growth in Korea is detected. This finding has various implications for policy analysts and forecasters in Korea. Economic growth requires enormous water consumption, though there are many other factors contributing to economic growth, and water consumption is but one part of it. Thus, this study generates confidence in decisions to invest in the water supply infrastructure. Moreover, this study lends support to the argument that an increase in real income, ceteris paribus, gives rise to water consumption. Economic growth results in a higher proportion of national income spent on water supply services and stimulates further water consumption.

Specialization, Firm Dynamics and Economic Growth

  • Cho, Jaehan;Ge, Zhizhuang
    • East Asian Economic Review
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    • v.23 no.2
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    • pp.169-202
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    • 2019
  • Productivity in agriculture or services has long been understood as playing an important role in the growth of manufacturing. In this paper we present a general equilibrium model in which manufacturing growth is stimulated by non-manufacturing sectors that provides goods used in both research and final consumption. The model permits the evaluation of two policy options for stimulating manufacturing growth: (1) a country imports more non-manufacturing goods from a foreign country with higher productivity and (2) a country increases productivity of domestic non-manufacturing. We find that both policies improve welfare of the economy, but depending on the policy the manufacturing sector responses differently. Specifically, employment and value-added in manufacturing increase with policy (1), but contract with policy (2). Therefore, specialization of the import non-manufactured goods helps explain why some Asian economies experience rapid growth in the manufacturing sector without progress in other sectors.