Current Issue : April - June Volume : 2017 Issue Number : 2 Articles : 5 Articles
For a monetary policy that is geared towards maintaining a low and stable level of inflation an\nassessment of the expected inflation is of crucial importance. Numerical indicators can be\nobtained from surveys concerning the expectations of various economic agents regarding the\nfuture developments of prices.This paper presents the results of different quantification\ntechniques, i.e. the balance statistic, the Carlson-Parkin method and the Pesaran�s regression\napproach, used to convert qualitative assessments from surveys into quantitative data of\ninflation expectations for four Central and Eastern European countries with an inflation\ntargeting monetary policy regime: Romania, Czech Republic, Poland and Hungary. The results\nshow an underestimation of actual inflation by the Polish and Czech consumers, while\nRomanian and Hungarian consumers seem to be more pessimistic, overestimating the actual\ninflation in a systematic manner....
The kenaf plant is eco-friendly, renewable, low in cost and not meant to be a food source, owing to its potential\ncommercial value in Malaysia, the government has allocated millions of ringgit for research to develop a viable kenafbased\nindustry. This study is an attempt to assess the financial and technical performance of kenaf cultivation to produce\nfiber usage in automotive components. The financial data were collected through interviews with kenaf growers and\nfrom group discussions as well as production data collected from CMPC (Kenaf Processing and Marketing Centre)\nBachok-Kelantan. The financial data were analyzed using Microsoft Excel software while Eview8 was used to analyze\nthe production data. Three scenarios of kenaf production per hectare were assumed which were 15, 12 and 10 ton.\nAccording to the data analysis; the results revealed when kenaf production was 15 ton/ha, the farmer made a maximum\nprofit of 37% from the subsidy provided by the Lembaga Kenaf Dan Tembakau Negara (LKTN) or National Kenaf and\nTobacco Board, which was more than double the profit margin without subsidy. The financial analysis illustrated that all\nthe three scenarios were viable when using the Benefit Cost Ratio (BCR) as an indicator. However, the production of\n15 ton per hectare was the best of the three scenarios due to the five-year payback period, which was equal to half the\nperiod run on the model of the financial analysis. Additionally, the analysis of the production input (labor and chemicals)\nshowed a significant effect on kenaf production as indicated in the analysis of Ordinary Least Square (OLS)....
The study on microfinance impact assessment: linkage of financial inclusion to welfare conditions of the MFIââ?¬â?¢s\nclients in Rwanda was conducted with the aim of assessing the impact of microfinance through financial inclusion\nand welfare conditions of MFIââ?¬â?¢s clients in Rwanda. The study analyzed the financial indicators that were displayed by\nfactsheet tool and the influence of financial inclusion to the welfare conditions of MFIââ?¬â?¢s clients by Statistical Package for\nSocial Sciences (SPSS).\nA questionnaire was addressed to a calculated sample of 164 of clients to respond to the question for primary\ndata and secondary data have been collected as well, to validate the primary data. In the paired analysis, there was\na statistically significant increase the type of business from Time 1(M=2.6466, SD=1.58986) to Time 2 (M=4.1429,\nSD=2.09669), t (132)=ââ?¬Â7.252, p<000. The magnitude of the difference in the means was large (eta squared 0.346).\nThere was a statistically significant increase own assets from Time 1(M=4.6692, SD=2.5841) to Time 2 (M=7.1654,\nSD=3.3826), t(132)=ââ?¬Â8.219, p<000. The magnitude of the difference in the means was large (eta squared 0.405).\nAccording paired t-test, there is significant impact of financial inclusion. This is confirmed by the p-value (p<0.0001)\nwhich says that the test is highly significant. Also the profit is positively correlated to both type of saving and type of\nrepayment. An increase the type of saving and type of repayment will also increase the net profit. When the distance\nis lower, clients are matures enough and improve gender equity, those contribute to increase the net profit to 32.5%,\n23.7%, 22.4%, 22.5% and 26.5% unit respectively. It has been confirmed that the financial inclusion influences the\npositive change of welfare conditions of MFIs clients....
Despite the availability of skilled and high professionals' workers, there has been misallocation of human capital\nand there is a little benefiting from it is contribution to economic transformation. In this paper I attempt to investigate the\nreasons behind human capital misallocation and how lean productivity shapes today's Sudanese productive sectors.\nA theoretical analysis is considered to quantify the correlation relationships between human capital and economic\ntransformation. Data from 2008-2014 labor force survey and National Statistics bureau survey are considered.\nBased on econometric time series data estimations over 2000-2014, we find evidence that human capital in Sudan\nis associated with lower productivity per worker and thereby lower economic growth. Results further show that labor\nmarket is characterized by a majority of workers are involved in unproductive and unpaid activities. In order for economic\ntransformation be achieved, the Sudanese authorities must enhancing the collaboration between productive sectors and\neducational institutions....
The emergence and convergence of four key technologically enabled phenomena (Internet Collaboration,\nBig|Fast|Open Data, Additive Manufacturing, and Crypto-currency) prompted the Science and Technology Options\nAssessment panel of the European Parliament to let a contract to conduct research into the potential of these technologies\nand to identify any associated policy implications. The research study comprised of four phases: desk research, a\nworkshop, a mini-foresight exercise and interviews with industrialists and academics. The data collected were analysed\nand a number of positive and negative policy options were identified. The issues that arose in the study are summarised\nand include: personal data as commodity, disintermediation, education, prosumerism and entrepreneurial innovation,\npace of policy development, (and laws and regulations), borderlessness and internationalism, virtualisation of industrial\ninfrastructure and of currency. Given the radical changes that are expected to sweep the EU and global economies in\nthe next few years, we found there was particular interest in developing and deploying new forms of intellectual property\nmanagement protocols. It was recognised that this short study was only the start of a longer process. Future investigation\nneeds to delve deeper into the technical and social aspects of the relevant technologies and of the capability envelope\nthey occupy, as no one can anticipate the next technology disrupter and where it will act....
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