Current Issue : July-September Volume : 2024 Issue Number : 3 Articles : 5 Articles
This study intends to analyze a potential connection between the number of Google searches and Euronext stock returns, considering also the impact that investor sentiment has on stock returns. For this purpose, we analyzed Euronext companies’data from 2017 to 2021, using the Generalized Method of Moments (GMM) methodology. The results show that the number of Google searches had no significant impact on Euronext stock returns. However, the evidence suggests that investor sentiment has a negative association with Euronext stock returns, meaning that good investment opportunities are found and the highest returns are obtained in periods of extreme pessimism. Therefore, the results of this study can have significant implications for private and institutional investors that invest in Euronext shares, providing insight that can help the decision-making process. This article is original because it analyzes the impact that the number of Google searches has on the Euronext stock exchange, and because no similar study for this financial market existed before. The same applies to investor sentiment. Lastly, the GMM methodology was employed as a method to improve the empirical analysis accounting for endogeneity, providing more robust results....
Understanding the effect of public debt on economic growth in a country is vital for macroeconomic strategy groundwork and analysis as well as maintaining monetary policies that activate progress and growth. The purpose of this study was to analyse the effects of public debt on economic growth in Zambia from 2011-2021. The researcher employed Microsoft Excel and E-Views to analyse data. The Autoregressive distributed lags model (ARDL) estimates are assumed to be relevant in the long-run, and can be used to explain a long-run correlation between variables. It is especially useful for describing the dynamic behaviour of economic time series and forecasting. The study estimated the ARDL comprising Prime Lending Rate, Exchange Rate, External Debt Stock and Domestic Debt Stock as well as the dependent variable Real Gross Domestic Product. The variables incorporated in the econometric model were; Prime Lending Rate, Exchange rate, External Debt Stock and Domestic Debt Stock. The results from the econometric model revealed that these factors have had a significant impact on economic growth in Zambia from 2011-2021. The results of this study imply that policy makers should ensure that Zambia borrows for production and not for consumption. Borrowing for production would increase Gross Domestic Product (GPD) and consequently real GDP. Thus, the debt would have a positive impact on the economy. There is need for Policy makers to earnestly embark on coming up with a consistent macro-economic database to back more research essential to offer policy guidance....
In the last years, most of the empirical results presented in the international literature are highlighting a positive impact of foreign direct investment on economic growth. This econometric study is taking into account evidence from the Organisation for Economic Co-operation and Development countries within the European area, the main focus being the economic crisis and the pandemic crisis during the most recent years. The research methodology is based on the Panel Least Squares regression, VAR model and Granger causality test, which proved that the foreign direct investment has a positive impact on economic growth, but not so strong, and the causal relationship is unidirectional from foreign direct investment to economic growth. The results of the study are aligned with the literature review showing a positive influence of foreign direct investment on the economies of OECD countries and are useful in terms of investing decisions and macroeconomic policies....
Uzbekistan is regarded as an attractive destination for foreign investors due to its rich natural and human resources. However, the country’s economic system has yet to fully transition into a free market economy, largely because of the dominance of monopolies and oligopolies. These large market players hinder the open flow of the market, creating challenges for economic development. Also, the dependence on a single entity stifles competition, while limiting consumer choice and hindering the country’s internal market efficiency. One industry that has been at the center of controversy in post-Soviet Uzbekistan is the car manufacturing sector, which has been monopolized for more than two decades. The present research argues the economic gain and the role of government as the key factors for the retention of the automotive monopoly in Post Soviet Uzbekistan. As seen by the statistics provided by national authorities, the car manufacturing sector brought a massive amount of taxes for the government. Moreover, there is enough evidence that high rates of employment in this industry also contribute to its retention. Next, the nationalization from private to governmental ownership, which is the direct influence of Soviet policies, and the government’s role in supporting and nurturing big monopolists have contributed to the continuation of this system. The gained insights from this study will be vital for policymakers, economists, and stakeholders seeking to navigate the complexities of the monopolistic automobile industry in Uzbekistan....
This research measured the links between R&D and economic growth in Ethiopia employing multiple regression models. Citable journal articles, patents, technology exports, and research expenditures are the four predictor variables that are the focus of the study. GDP per capita growth is the outcome variable of the study, which serves as a proxy indicator for economic growth. The study used a panel dataset with data from a sample of 21 years between 2001 and 2021. The results show a significant link between growth of GDP per capita and citable journal articles, patents, and technology exports, demonstrating that these factors are essential for fostering economic growth. However, government expenditure on research and development has no discernible impact on economic growth, which accordingly, raises the possibility that raising research spending by itself may not be sufficient to boost the economy. These findings have tremendous policy implications because they emphasize the importance of concentrating on particular R&D initiatives that have a direct impact on economic growth. The study adds to the existing frontiers of knowledge inline with the connection between R&D and economic growth by demonstrating the value of citation-worthy journals, patents, and technology exports in fostering economic growth....
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