• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.10
• /
• pp.39-48
• /
• 2022

This research aims to investigate the application of Keynes's theory in Indonesia, particularly in solving unemployment and poverty problems through government spending, economic growth, and human resource capacity. The basic concepts of the Keynesian theory were used as a method, through which government spending was harnessed toward economic growth in reducing unemployment and poverty rate. The analytical materials used were panel data for the 2017-2021 period in Central Java, Indonesia. The analytical methodology used was a multiple regression experimental design in selecting the best model according to Keynes's theory, especially for overcoming formidable problems. The main results showed that large Government spending program is ineffective in encouraging pro-growth, pro-job, pro-poor, and pro-equity development policy strategies. The causes of this failure include the violation of Keynes' assumptions about rationality and the low quality of education investment, which do not encourage productive and innovative entrepreneurship, as well as self-employment opportunities. As a result, government spending, including subsidies and direct financial assistance, used to implement the macroeconomic monetary, unstructured, and fiscal policy system is insufficient to significantly reduce the enormous difficulties. The main research results confirm that human capital capacity is the key to mitigating and reducing unemployment and poverty.

• International Journal of Knowledge Content Development & Technology
• /
• v.11 no.2
• /
• pp.37-54
• /
• 2021

The study determined the access, skills and constraints towards the usage of ICT among barangay officials. A complete enumeration technique was used due to the small size of the population. A total of 121 barangay secretaries and barangay treasurers comprised the study respondents. The findings revealed that most of barangay officials have access to personal computer at home and in the office using their own mobile data and office internet connectivity. With the support from the Local Government Unit (LGU), it was found that most of the respondents are advance and proficient in computer usage. As constraints to ICT usage, the study respondents still experienced slow internet bandwidth that makes connection and communication weak along with the low income status. Consequently, it was found that there were no significant differences in terms of skills and constraints among barangay secretaries and barangay treasurers towards using ICT. It can be concluded that study respondents prefer to use office computer to access the information they need due to the convenience and availability of resources. The study respondents were competent enough to handle their job well but listed slow internet and low financial resources may hamper their ICT usage. Research implications were also offered.

• East Asian Journal of Business Economics (EAJBE)
• /
• v.10 no.2
• /
• pp.31-42
• /
• 2022

Purpose - The main research goals by macroeconomic analysis is to assess the effectiveness of state regulation, the sustainability of development, and the financial stability of the state. Research design, Data, and methodology - The research were analyzed using the methods of multivariate statistics and application of the software package Stat graphics. The volume of data from the 1995 to the 2021 was analyzed by Russian Federation. The scale of research on Belarus: to be analyzed the amount of data from the 2015 by 2021, on Kazakhstan - from the 19941, on Kyrgyzstan - from the 2002, on Tajikistan - from the 2008, on Armenia - from the 2021, on Japan - since the 1970, on China - since the 1950, on South Korea - since the 1953. Result - The methods of multivariate statistics was demonstrated exact of result in forecasting of macroeconomic indicators. The most of tendency with the accurate results of are described using the second-degree polynomials. In the most research of country there are the macroeconomic proportion are broken. Conclusion - In the countries studied, the monetary aggregates have a significant growth rate. The shares with a substantial monetary stock and the speed of its growth are divided in the two groups: having placements in the real sectors of the economy and not having received the same result of development from the growth of the monetary stock.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.4
• /
• pp.229-238
• /
• 2022

The goal of this research is to look at the Belt and Road Initiative's (BRI) goals, principles, and priorities, as well as criticisms and concerns. Another goal is to determine the Vietnamese government's best response to the BRI. Finally, the study looks at the Vietnamese viewpoint. Document review is used in conjunction with PESTELED analysis and EIU country risk model technique in this study. The study is focused on in-depth interviews with 38 top government leaders, researchers, and scholars by adopting the Delphi technique to determine major factors of risks and opportunities as well as obtain a clearer view on the Vietnamese perspective of the BRI. The main conclusion is that Vietnam's participation in the BRI could result in a variety of benefits and risks, including economic development, connectivity and integration, development finance, cooperation, coordination, trade facilitation, and people-to-people communication, as well as diplomatic and political risks, financial risks, environmental challenges, and job creation. Another conclusion is suggested that careful and case-by-case negotiation with China is needed for Vietnam to exploit the future benefits of BRI. There is a need to set up the strategy to mitigate the risk impacts, reduce the risk level, avoid risk, at last turn the risk into opportunities.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.9
• /
• pp.1-9
• /
• 2021

This study aimed to investigate the existence of the Feldstein-Horioka (1980) puzzle in international macroeconomics by applying the conditional Autoregressive Distributed Lag (ARDL) model to examine the long-run relationship between national savings and investments in Thailand and China. The input of this study relied on annual national savings and investments as a fraction of GDP during 1980-2019 which was collected from China National Bureau of Statistics (NBS) and Thailand National Economic and Social Development Council (NESDC). Hypothetically, Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) unit root tests were applied to test the stationary properties and to investigate the integration level of selected time series. The empirical results, confirmed by cumulative sum (CUSUM) and cumulative sum square (CUSUMSQ), maintained no serial correlation and structural break problems. The finding of this study suggested that the Feldstein-Horioka puzzle in Thailand did not exist significantly. Thailand's national savings and investments nexus was independent, following the classic economic idea that financial liberalization, or perfect capital mobility, allowed national savings and investments to flow freely to countries with better interest rates. Whereas, a strong significant correlation was found in the case of China during the fixed exchange rate regime switching in 1994 and post WTO participation after 2001-2019.

• International Journal of Internet, Broadcasting and Communication
• /
• v.15 no.1
• /
• pp.171-176
• /
• 2023

What we have in common worldwide today is economic difficulties due to high inflation and uncertainty in the financial industry. The root cause of this is the war between Russia and Ukraine. The war between Russia and Ukraine is not simply a war between two countries. The United States and the European Union are providing military aid such as missiles to Ukraine, and Russia is attacking Ukraine by introducing UAVs (unmanned aerial vehicles) from Iran. A prominent weapon in this Russia-Ukraine war is the UAVs used in Russia. It is predicted that the form of war using UAVs will gradually expand in the future based on stealth. In addition, UAVs will continue to be used due to the fact that they can cause serious damage to the other country without harming their own lives, and because they have good cost-effectiveness. In this study, UAVs based on autonomous driving were studied. The target countries of the study include the United States, the European Union, China, and Iran, and the UAVs used in these countries have characteristics that can represent the world. In this study, the main specifications of major UAVs in use in major countries were investigated. In addition, the future technology and development direction were described through specifications and characteristics of UAVs currently in operation in major countries.

• KDI Journal of Economic Policy
• /
• v.44 no.3
• /
• pp.1-26
• /
• 2022

This paper analyzes the effects of the cut in the legal maximum interest rate (from 27.4% to 24%) that occurred in February of 2018 on loan interest rates, the default rates, and the loan approval rate of borrowers in the non-banking sector. We use the difference-in-difference identification strategy to estimate the effect of the cut in the legal maximum interest rate using micro-level data from a major credit-rating company. The legal maximum rate cut significantly lowers the loan interest rate and default rate of low-credit borrowers (i.e., high-credit-risk borrowers) in the non-banking sector. However, this effect is limited to borrowers who have not been excluded from the market despite the legal maximum interest rate cut. The loan approval rate of low-credit borrowers decreased significantly after the legal maximum interest rate cut. Meanwhile, the loan approval rate of high-credit and medium-credit (i.e., low credit risk and medium credit risk) borrowers increased. This implies that financial institutions in the non-banking sector should reduce the loan supply to low-credit borrowers who are no longer profitable while increasing the loan supply to high- and medium-credit borrowers.

• Journal of Distribution Science
• /
• v.20 no.9
• /
• pp.11-21
• /
• 2022

Purpose: Many concerns have appeared in banking sector in the digital era and one of them is that technology development will increase operation costs of banks. Motivated by this issue, our study aims to explore the effect of technological and digital investments on cost-effectiveness of banking operation. Research design, data and methodology: To reach a clear answer, we use the data of 12 commercial banks spanning from 2011 to 2020 in Vietnam and employ multivariate regression analysis as well as perform various robustness tests. Results: Our regression result indicates that the adverse effect of technological spending on cost-effective operation. This finding still remains unchanged when we conduct different robust tests. Also, we find that this negative impact becomes more evident in large banks than in small ones. Conclusions: The paper provides one of the most important empirical results for mangers and policy-makers in banking sphere, especially in Vietnam where regulators have been calling for continuously investing into technological innovation in banks. The evidence confirms that banks should carefully consider an increase in spending on distribution information and communication technologies when constructing business strategies related to expanding digitalization. Our research is also useful for countries having similar financial structure to Vietnam.

• International conference on construction engineering and project management
• /
• 2009.05a
• /
• pp.493-498
• /
• 2009

Recently, the number of complex construction projects, such as high-density development and long-span mega structure construction, has been increasing globally. Therefore, the construction duration has become an even more important factor for success. Nevertheless, in domestic residential construction projects, it usually takes more time than twice as much as North American cases. The long construction duration causes a number of problems, for example growth of financial costs, fall in productivity, and weakness of competitiveness. If the framework construction duration can be shortened to 3 ~ 4 days, then it is also expected to complete the finish work of building in shorter duration, be led to reduce the entire construction duration, and eventually to save a great deal of indirect costs. For shortening the construction duration, previous researches pointed out that the development of simplified plan design should precedes. But, in reality, lack of experience of new design and innovative techniques tends to be the obstacle to wide adoption of the simplified plan design in construction fields. In this paper, a simplified structural plan design is proposed, and the construction cost is quantitatively compared between when traditional construction technique is applied to the traditional plan and when the duration-shortening key technique is applied to the developed plan.

• International Journal of Knowledge Content Development & Technology
• /
• v.12 no.1
• /
• pp.67-83
• /
• 2022

This study aims to evaluate some academic institutional repositories (IRs) in Ghana. Data were collected using observation and interview methods by examining the various websites of seven (7) selected academic institutional repositories in Ghana. The findings revealed that the University of Ghana, Legon, leads records count of the seven Institutional Repository (IRs) examined. Dspace was the prioritized software for managing and preserving the digital contents of these IRs. Theses, dissertations and research articles were the leading contents deposited on the IRs. The majority of the IRs have incorporated RSS (Rich Site Summary or Really Simple Syndication) feeds on their IRs with few using other Web 2.0 features. English was the only interface language used on all the IRs. From the interview, the findings revealed that most of the faculty members did not use the IR very often and 9(42.9) also indicated that, they have never deposited their materials on the IR. Faculty members again indicated that, inadequate ICT connectivity and infrastructure, unreliable power supply, Copyrights and intellectual rights, financial constrain, inadequate advocacy and training on the importance of IRs to faculty and users were the major challenges of academic libraries in operating IRs in Ghana.