• Title/Summary/Keyword: Economics Growth

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Evaluation Factors Influencing Construction Price Index in Fuzzy Uncertainty Environment

  • NGUYEN, Phong Thanh;HUYNH, Vy Dang Bich;NGUYEN, Quyen Le Hoang Thuy To
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.195-200
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    • 2021
  • In recent years, Vietnam's economic growth rate has been attributed to the growth of many well-managed industries within Southeast Asia. Among them is the civil construction industry. Construction projects typically take a long time to complete and require a huge budget. Many socio-economic variables and factors affect total construction project costs due to market fluctuations. In recent years, crucial socioeconomic development indicators of construction reached a fairly high growth rate. Also, most infrastructure and construction projects have a high degree of complexity and uncertainty. This makes it challenging to predict the accurate project price. These challenges raise the need to recognize significant factors that influence the construction price index of civil buildings in Vietnam, both micro and macro. Therefore, this paper presents critical factors that affect the construction price index using the fuzzy extent analysis process in an uncertain environment. This proposed quantitative model is expected to reflect the uncertainty in the process of evaluating and ranking the influencing factors of the construction price index in Vietnam. The research results would also allow project stakeholders to be more informed of the factors affecting the construction price index in the context of Vietnam's civil construction industry. They also enable construction contractors to estimate project costs and bid rates better, enhancing their project and risk management performance.

The Fiscal Policy Instruments and the Economic Prosperity in Jordan

  • ALZYADAT, Jumah A.;AL-NSOUR, Iyad A.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.113-122
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    • 2021
  • This study aims to investigate the effects of fiscal policy instruments on economic growth in Jordan using annual data from 1970 to 2019, by applying the VAR model (Vector Auto regression) and the Vector Error Correction Model (VECM). The study also examines the dynamic relationship among economic variables over time using the Granger casualty test, Impulse Response Function, and Variance Decomposition. The results show that not only the public expenditures have a positive effect on economic growth in Jordan, but also the tax revenues positively affect the economic growth in the short-run, and this is because of using the tax revenues to finance the government activities in Jordan. This effect becomes negative in the long run, and this is explained because the tax seems a source of distortions in the economy, The extreme taxes may cause huge distortions in the economy, and these distortions destroys the purchasing power, the aggregate demand, and supply. More governmental dependence on tax revenues is the main source of tax evasion and less efficiency. The effect of taxation will curb any prosperity in the economy. Therefore, the government should estimate the fair tax rates to generate sufficient revenues to finance the public expenditure required to enhance economic prosperity.

The Effect of Application of Non-Financial Dimensions of Balanced Scorecard on Performance Evaluation: An Empirical Study from Saudi Arabia

  • ABDELRAHEEM, Abubkr Ahmed Elhadi;HUSSIEN, Asaad Mubarak
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.4
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    • pp.63-72
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    • 2022
  • The study applied the non-financial dimensions of the Balanced Scorecard (customer dimension, internal processes dimension, learning, and growth dimension). It was done to evaluate performance and measure the effectiveness of these dimensions on performance evaluation at College of Science and Humanities Studies: Al Aflaj, Prince Sattam Bin Abdulaziz University. The researchers used the descriptive analytical approach to conduct the study to find the effect of these dimensions. Data was collected from the college staff and administrators; 120 questionnaires were distributed, out of which 112 were collected. The questionnaire data were analyzed using exploratory (EFA) and confirmatory factor analysis (CFA), hypotheses were tested using the structural equation modeling (SEM) through the (Spss) and (Amos) software. The study finding showed that the balanced scorecard had a positive contribution in evaluating the performance of the College of Science and Humanities Studies: Al Aflaj, Prince Sattam Bin Abdulaziz University through the dimensions of customers and internal processes, and the study finding revealed that the balanced scorecard has no contribution at performance evaluating the College of Science and Humanities Studies: Al Aflaj, Prince Sattam Bin Abdulaziz University through the dimension of learning and growth.

What Factors Do Government Subsidy Programs Care about for Inter-Firm Collaboration? Priortization of Evaluation Criteria of Small Business Collabortation Grant, Korea

  • SHIN, Woo-Jin;KANG, Minsu;YANG, Dongwoo
    • The Korean Journal of Franchise Management
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    • v.13 no.1
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    • pp.1-17
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    • 2022
  • Purpose: In this study we aim to identify factors affecting successful inter-firm collaboration. We tried to find out whether government subsidies to small-business owners should be made to experienced and competent cooperatives or to cooperatives with potential even if inexperienced. Research design, data and methodology: Using analytic hierarchy process (AHP), we examine if evaluation criteria for the Small Business Collaboration Grant (SBCG) reflect the potential of successful collaboration of applicant cooperatives. Results: We found that experts tend to think that applicant cooperatives without any experience as a recipient for the SBSG need to be evaluated by their growth potential and their preparation of the application rather than by their business performance or achievement history. The weight of the evaluation must be different between the growth potential and the achievements already achieved. By means of an expert survey, we confirmed that Rookies should weigh evaluation indicators that can reflect their growth potential, and experienced groups should give weight to evaluation indicators that can reflect their achievements. Conclusions: For SBCG applicants with experiences, experts tend to weigh more on SBCG business performances and feasible sharing systems. The screening procedure for the first applicant cooperatives need to focus more on "partner selection" stage, whereas elements related to "realization" apply to experienced applicant cooperatives.

Formal and Informal Institutional Nexus with Entrepreneurial Growth: The Role of the Political Development Index

  • MUKHTAR, Bazla;ZUBAIR, Muhammad;FASIH, Syeda Tayyaba;HUSSAIN, Munir;BUTT, Rehan Muzamil
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.7
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    • pp.109-121
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    • 2022
  • The study aims to examine the interaction of formal and informal institutions for strengthening economic development, particularly entrepreneurship growth. The research will also assess the impact of control variables on political index within the formal and informal markets. The research is quantitative, which analyses panel data of 6 years in 22 countries comprising middle and high-income countries with diversified and unique political, economic, and social systems. The findings suggested that reducing the entry regulation and promoting the social capital within the formal and informal institutions would grow formal and informal entrepreneurship and be a greater source for new venture creation. Moreover, the political index, a control variable, was found significant in the relationship of institutional mix with formal and informal entrepreneurship. Entry regulations in formal and informal institutions are a complex phenomenon in the entrepreneurship literature, moderated by the political development index as tested by the current study. The time horizon for this paper is much longer since it analyzes 6 years (2014-2019) of data on 22 developing and developed countries to see the entrepreneurial growth across multiple regions on different income levels, geographic conditions, and contrasting political and social systems.

Internal Factors Influencing Firm Profitability in the COVID-19 Pandemic: An Empirical Evidence from Vietnam

  • HUYEN, Le Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.81-88
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    • 2022
  • For each country, the growth of the country is significantly associated with the growth of the manufacturing industry. Especially in the early stages of development, the manufacturing industry has greatly played a great role in creating great added value for society and economic development in that country. Starting from a country with a weak manufacturing background, Vietnam is gradually opening up and integrating into the global economy, which has brought many opportunities for manufacturing enterprises in particular and the enterprise community in general, making Vietnam one of the countries with large production activities in Southeast Asia and Asia. The study evaluates the factors affecting the financial performance of manufacturing enterprises through a case study in Hanoi, Vietnam. Using a survey sample of 235 enterprises operating in production and using quantitative analysis methods, the research results show that: Enterprises with high governance quality are enterprises with high economic efficiency or enterprises with low management capacity have low business efficiency. Moreover, large-scale enterprises often have many advantages in seeking profits and improving business efficiency. Finally, the study has some recommendations to improve corporate governance and growth, create a stronger business community and contribute more to Vietnam's economic development.

The investment point on cooperative innovation in EVs for the spoke-smart cities : focused on Nordic countries and Korea

  • Seo, Dae-Sung
    • The Journal of Economics, Marketing and Management
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    • v.5 no.3
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    • pp.1-11
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    • 2017
  • E-infrastructural economy for ICT Living-Labs is a need for economic and cultural changes in various types of cars in accordance with the supply of the electric car. Depending on the number of cases by analyzing the supply and demand of electric vehicles among Korea and Northern Europe countries. it was indirectly proved that it makes economic growth. The research design is analyzed with the data and how to respond quickly to focus on the possibility of potential changes to the infrastructure realization and commercialization of government enterprises or electric cars through the ICT Living-Labs in Nordic countries. The data indicates that the leading commercialization emphasize on the development of the electric economic convergence and scalability for electric vehicle. When It shows the time of the infrastructure as ICT Living-Labs being delayed, it lowered growth target results for the development of the electric car industry in the future. All this is from the reason of opening the E-convergence economy over time. It is required that Korea should prepare E-convergence economy. Public regional energy should be present through the consistent selection of development for energy linking E-economy and E-trans distribution. Korea needs to be many difficulties in building the E- infrastructure for ICT Living-Labs. Unlike the Northern Europe it is to prepare the active support of both government and business. The role of the government discovers that the power generation through the quick selection of the industry, as well as to connect with the growth of the smart cities with the EVs industry.

Assessment of Employment in the Development of the Distribution and Accessibility of Information Society in Azerbaijan

  • SALMANOVA, Mahila
    • Journal of Distribution Science
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    • v.20 no.6
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    • pp.67-74
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    • 2022
  • Purpose: In the current era of rapid development of the information and communication technologies (ICT) sector, the formation of an effective regulatory approach is important. There are some methodological shortcomings and difficulties in the approach system of international organizations that assesses the level of application of ICT in various areas in terms of quantity and quality. The basic element of economic growth differs according to the economic conditions prevailing in the period and the country. While the agricultural sector plays an active role in economic growth or development in an underdeveloped country, in a developed country, capital-intensive and even technology-intensive production is the main element of economic growth. From this point of view, the contribution of information and communication technologies (ICT) to Azerbaijan's socio-economy for the period between 2010-2020 will be examined. Research design and methodology: The unit root test and Granger causality test were applied by taking the CDPPC per Capita, Employment, and Unemployment Rate from the social-o-economic data as the dependent variable, fixed and mobile phone usage and internet usage as the independent variables. The principal results: According to the results obtained; It has been determined that the use of ICT positively affects the socio-economic economic situation.

Reflective Thinking and Growth Through Parent Education: Experiences of Korean Mothers with Young Children (자녀양육기 어머니의 부모교육 경험을 통해 본 반성적 사고와 성장)

  • Jinha Kim;Jaerim Lee
    • Human Ecology Research
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    • v.62 no.3
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    • pp.541-559
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    • 2024
  • The purpose of this study was to explore the lived experiences of Korean mothers in relation to parent education. Parent education was broadly defined in this study to encompass the various educational experiences that parents "try" and "undergo" both before and after becoming parents. Rather than being confined to a single program, we aimed to understand parent education as a cumulative process, comprising diverse experiences that shape parents' lives and roles. We conducted in-depth interviews with seven mothers of infants and toddlers, followed by a reflexive thematic analysis of the data. Four major themes emerged from the analysis. The first theme, "confusion about becoming a parent," describes the initial challenges of adjusting to the loss of freedom and the adaptation to new responsibilities. The second theme, "parent education through observation and experience," highlights how parents learned by observing and engaging with real-life situations before and after the birth of their children. The third theme, "active participation in purposeful parent education," focuses on structured educational programs in shaping parental roles. The final theme, "reflective thinking and personal growth through parent education," illustrates how reflective practices as a mother contributed to the parental development. This study underscores the importance of adopting a long-term perspective on parent education, recognizing the interconnected nature of parental and child development and appreciating the experiences of mothers who grow through reflective thinking.

The Linkage of Foreign Direct Investment, Economic Growth, and Environmental Regulations : Scale Effect and Technique Effect (외국인직접투자, 경제성장, 환경규제의 관계분석 : 규모효과와 기술효과를 중심으로)

  • Kim, KwangUk;Kang, SangMok
    • Environmental and Resource Economics Review
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    • v.18 no.3
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    • pp.523-544
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    • 2009
  • The purpose of this paper is to estimate the impact of foreign direct investment on environmental performance for 27 OECD countries using endogenous environmental policy model. The empirical test shows that with 1% increase in the ratio of inflow stock of foreign direct investment over domestic capital stock, emission on NOx and $CO_2$ will increase by 0.0071%(NOx) and 0.0165%($CO_2$) and 1% increase in the ratio of foreign capital stock induces 0.044%(fixed effect) and 0.047%(random effect) of economic growth. 1% increase of per labor total output increases 2.038%(fixed effect) or 1.890%(random effect) in reinforcement of environmental regulation. However, we could not confirm the Porter's hypothesis that the more strong environmental regulation leads technical innovation. The scale effects (0.0119, 0.0172) are estimated higher than the technical effects (-0.0048, -0.0007) in two pollutants (NOx, $CO_2$). It implies that each country needs to increase pollution abatement and control expenditure more aggressively to protect environment.

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