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Abstract - Some Problems on the Sectoral Structure, GDP Growth and Sustainability of Vietnam
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Abstract: The Vietnam development has been enjoying a great deal of rapid economic growth in the last decades, which thank to the opening of market-oriented economy system. However, the economic growth is slowly recent years and the increase of environmental issues. The reason for this situation is that misallocation of resource, the sectoral development policies as well as the development orientation of the government. In order to find the solution, this research applies the input output model to analysis the sectoral structure and economic growth as well as the sustainability of economic growth and the effect of economics on the environment. Then, this research recommends the better sectoral structure for Vietnam in order to allocate resources efficiently and forward to the sustainable development. The purpose of this study was to point out the instability of Vietnam, not only for the environment but also for the whole economy.Research shows that VN is not only the face of environmental pollution, but also uncertainty about macroeconomic. It also pointed out the need to change the economic structure for economic development that the environment in a sustainable way. This research based on Leontief and Ghosh systems. Keywords: Economic, Environmental, structure, sustainability. |
Abstract - Sources of Output Growth of the ICT Sector in Vietnam
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Abstract: Vietnam has early set the strategy to develop ICT as the enabler for social-economic development and the Vietnamese ICT sector has grown significantly over the past 20 years. This paper analyses the development of the ICT sector by examining the sources of output growth and the structural changes in two periods of 2007-2012 and 2012-2016. The decomposition results show that the growth of the ICT manufacturing sector is attributed to export in both periods. However, the ICT manufacturing export was mainly based on components import; the sector neither could make any technological progress nor could manufacture products for import substitution. The ICT media and content sector’s growth was primarily due to technology advancement in 2007-2012 which led to the household demand-based development in the period 2012-2016. The ICT services sector shifted from primarily served government to household demand while technology was also significantly improved. The results of decomposition analysis are consistent with the macroeconomic situation as well as the ICT policies that the Vietnamese government has implemented over the past years. The paper points out the achievements and limitations in the ICT development policies and suggests directions for ICT policymakers in Vietnam in the coming period. Keywords: ICT, sources of growth, structure decomposition analysis, IO, Vietnam. |
Abstract - Stability of Money Demand in the Russian Economy after the Global Financial Crisis of 2008-2009
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Abstract: Existence of a favorable socioeconomic climate is now considered as a key factor of the long-term economic growth of a country. This is specifically true for the emerging economies in the modern global economic environment. For the Russian economy which has been facing economic sanctions from the part of Western countries, creation and maintaining of such climate is a crucial issue of survival. From this perspective, the efforts applied by the Bank of Russia and the Russian government were aimed at stabilization of the economy and creation of an attractive economic environment in the country. This paper studies the conditions under which this policy was carried out in 2011-2017. This study specifically focuses on one of the key aspects of success of such policy – stability of the money-demand function (MDF) in the Russian economy. The presence of such stability is studied using the cointegration analysis, and the type of relationship between national income and money demand is also identified. The findings of this research speak in favor of existence of a stable MDF in the Russian economy of that time. Thus, based on the Russian case, the paper’s contribution is empirical demonstration of the importance of MDF stability for success of monetary policy which is in line with the extant literature. Keywords: Money-demand function, socio-economic climate, inflation targeting, cointegration analysis. |
Abstract - Spatial Interaction Regional Model for the Mexican Economy (SIRMME): A Special Case for Mexico City Metropolitan Area
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Abstract: This paper analyzes empirically a macro model and a regional model to explain Mexico and Mexico City economies respectively. Typically, regional economic modeling considers either a top-down or bottom-up approach to model regional difference in economic growth. This paper shows results that explain regional difference in Mexico from the bottom-up through a special case that focuses on the spatial interaction between Mexico City -the main economic engine of Mexico- and the rest of the country during the period 2000-2010. Our results indicate that variables associated with human capital, internal migration, "creative class", micro-firms and spatial interaction among micro-regions were conditioning the differential growth between Mexico City and the whole country during the period 2000-2010. Likewise, we present econometric results of a typical macro model that explains economic growth in Mexico by different income effects on components of aggregate demand during the period 1993-2010. The purpose of both exercises is to motivate future research for the Mexican case to link macro components (such as export driven forces, Mexico´s dependency to the USA´s business cycle, loss of government spending, etc.) with their local counterparts such as agglomeration economies, human and creative capital stock, regional spillovers, natural resources, dynamic population, etc. to explain regional differential growth. Keywords: Spatial regional model, differential regional growth, simulation forecasting, Mexican economy, Mexico City Metropolitan Area.Download Full Article |
Abstract - Stakeholder Engagement and Financial Performance of Firms Listed on the Johannesburg Stock Exchange (JSE)
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Abstract: Attaining sustainable development will remain an elusive agenda if there is no effective stakeholder engagement. All stakeholders need to come on board to share and collaborate on environmental sustainability initiatives. This study investigated the relationship between stakeholder engagement and financial performance. The study area of this study was all FTSE/JSE listed firms. The researcher opted for a quantitative research approach and used a case study research design. The longitudinal design was adopted where the researcher collected panel data from 2011-2018. The sample of this study was 32 firms listed on the FTSE/JSE Responsible Investment Index. This resulted in 256 observations for the period under consideration. This study utilised secondary data, which is annual financial statements of firms listed on the JSE. Stakeholder engagement was the independent variable while the financial performance as measured by the Tobin’s Q was the dependent variable. Quantitative content analysis was used to collect data related to stakeholder engagement. Data was analysed using Panel regression analysis model. The Fixed and Random effects models were used to analyse data. The Hausman test was used to evaluate the appropriate model. The findings showed a positive but insignificant relationship between stakeholder engagement and financial performance as measured by Tobin’s Q. This suggested that stakeholder engagement does not predict market valuation of the firm. It was deduced that probably the concerned firms are sending weak signals to key stakeholders regarding their genuine commitment towards environmental sustainability initiatives. Recommendations were made for firms to send strong signals to investors which clearly show that they are genuinely committed towards environmental sustainability initiatives. Keywords: Johannesburg Stock Exchange, Listed firms, Stakeholder engagement, South Africa, Sustainable development. |