Current Issue : April - June Volume : 2015 Issue Number : 2 Articles : 5 Articles
This paper investigates previous research, to examine ways in which behavioural economics\nhelps us to understand how house prices are determined. In several respects, behavioural\neconomics seems to be an improvement over neoclassical economics, regarding variations\nand trends in house prices. This paper analyses theoretical and empirical evidence ââ?¬â??\ninvestigating topics such as loss aversion, house price bubbles, and herd behaviour. Historical\nperspectives (including the 2007/8 global financial crisis) are included, as well as differences\nbetween countries....
This study investigates the implications of large scale foreign land acquisitions on per capita\nincome in Africa. It employs data from World Development Indicators, World Governance\nIndicators and World Trade Indicators on key variables such as arable land per person,\nagricultural land as percentage of land area, net food import, regulatory quality, among others\n(1995-2012) on selected African countries where instances of foreign land deals have been\nreported. The study formulates empirical models that draw from institutional development\ntheory, which was estimated using Fixed Effects (FE) and Generalised Method of Moments\n(GMM) techniques in order to handle the issues of country-specific effects and endogeneity.\nThe results from the empirical analysis show that agricultural land influences per capita\nincome significantly. It hereby implies that as more agricultural land are cultivated; the\nwellbeing of the populace is likely to be enhanced primary through increased income for\nfarmers, increase in real money income for non-farmers, drastic reduction in food inflation\nand foreign exchange gains for the government. The results of the study suggest the need for\ncontrolling the issue of massive foreign land deals through viable institutional framework,\nthough there is need for foreign investment in Africa�s agricultural sector but sound\ninstitution is pertinent in order to avoid rent seeking behaviour among stalk holders....
The study analyzes the effects of the determinants of farmer�s adoption of and investment in\nagrochemicals by collecting primary data from 156 sampled cocoa farmers in the\nSefwi-Wiawso Municipality of Ghana. Descriptive statistical technique was employed to\nanalyze demographic and farm-specific characteristics as well as the adoption rate and\nexpenditure on agrochemicals. The findings highlighted the fact that, though a large\nproportion of farmers in the study area use agrochemicals, the intensity and amount spent to\npurchase these inputs are quite low. The Tobit regression model was used to identify and\nquantify the effects of the determinants of farmer�s investment in agrochemicals. The results\ngenerally indicate that the sex of the farmer, age of the farmer, household size, educational\nattainment, mean age of cocoa farms, farm size and farmers previous output are all important\nvariables in explaining farmers decision to invest in agrochemicals. The paper concludes by\nrecommending that strategic policies orienting towards improving the adoption rate as well as\ntargeting farmers who are less likely to invest in agrochemicals is a pressing issue....
China's economic transition began at the end of 1978. The traditional planned economic system resulting artificial\nlow interest rates, price, and overvalued exchange rates still heavily govern the financial system. The government\nnow faces the challenge of ensuring their effective implementation in financial system where inherited structural\nconstrain is the main problem. Ultimately, the financial sector need to be mobilized by which the resources could be\nallocated in a more effective and prudent manner, to support stable and sustainable growth, improved quality of life\nand better employment opportunity. This case study describes the nature of China financial market and offers a big\npicture of its current performance. It focuses on Chinese capital market and examines the appropriate role for an\nefficient capital market. The paper also analyzes the structure and behavior of the banking industry and critically\ndiscusses the central bank, the effectiveness of fiscal and monetary instruments, and it�s implication on exchange\nrate system. Finally, it illustrates the design of emerging banking regulation in transaction process and the future\nchallenges and policy recommendations....
Recent tendency of businesses towards voluntary disclosure has improved the quality of financial reporting.\nHigh-quality financial reporting helps users of financial information trust the business, and thus, creates value for the\nbusiness. The present study divided voluntary disclosure in two groups of financial and non-financial information and\ninvestigated the effects of fundamentals on voluntary disclosure by businesses. The population was composed of\n65 companies listed on the Tehran Stock Exchange from 2005 to 2012. The hypothesis testing results showed that\nfirm size, business complexity, earnings volatility, and firm value had a significant and positive impact on voluntary\ndisclosure whereas financial leverage had a significant and negative impact on voluntary disclosure, while no\nrelationship was observed between voluntary disclosure and financial performance....
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