International Journal of Economics, Finance and Management Sciences

Volume 1, Issue 6, December 2013

  • Emerging Trends in State Finances in India: 1995-96 to 2011-12

    Santosh Nandal, Annu

    Issue: Volume 1, Issue 6, December 2013
    Pages: 258-265
    Received: 3 August 2013
    Published: 20 October 2013
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    Abstract: Sharp deterioration in state finance during the last decade has been a matter of serious concern to policy makers in India. The deterioration in State finance is largely an outcome of the fact that in the fact of a limited resource-base the states had to cope with a significant growth in their committed expenditure. Correcting the fiscal imbalances... Show More
  • Relationship between Domestic Debt, Macro-Economic Indices and Viability of the Construction Sector in Nigeria

    Ademola Eyitope, OJO, Oluwaseyi Alabi, AWODELE

    Issue: Volume 1, Issue 6, December 2013
    Pages: 266-272
    Received: 14 August 2013
    Published: 20 October 2013
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    Abstract: This study aimed at establishing relationship between domestic debt, macroeconomic indices and the viability of the construction sector of Nigeria economy with a view to initiate empirical model for investor’s decision making. Archival data on monetary and fiscal macroeconomic indices such as unemployment rate; exchange rate; inflation rate; inte... Show More
  • An Empirical Examination of the Relationship between Board of Director Composition, Ownership Structure and Accounting Conservatism

    Anis JARBOUI

    Issue: Volume 1, Issue 6, December 2013
    Pages: 273-284
    Received: 18 August 2013
    Published: 20 October 2013
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    Abstract: In the present study, we investigate the relationship between corporate governance and accounting conservatism. We examine our model in the context of French firms over the period 2007-2011. We predict that an effective set of corporate governance mechanisms is positively related to a higher level of accounting conservatism. Empirical tests show th... Show More
  • The Arab Maghreb Union: the "Cost of Non Maghreb" and Sectoral Prospects

    Adnen OUESLATI, Riadh BRINI

    Issue: Volume 1, Issue 6, December 2013
    Pages: 285-291
    Received: 30 August 2013
    Published: 20 October 2013
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    Abstract: The aim of the paper is to find out the “No Maghreb” cost as untapped opportunities of intra regional trade and to check the existence of comparative advantages in the Maghreb region. We use panel data with gravity model to study the relationship between total exports and factors affecting them, as well as, the exports by sector and their determina... Show More
  • Measurement of Fiscal Vulnerability from Natural Disasters – The Case of Albania

    Gerdi LITO

    Issue: Volume 1, Issue 6, December 2013
    Pages: 292-298
    Received: 30 September 2013
    Published: 30 October 2013
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    Abstract: Natural disasters bring destruction and severe effects in the countries they hit. In small countries like Albania, where the insurance market is underdeveloped, the main role in absorbing disaster effects is often responsibility of the government. In this approach, the government is exposed from a fiscal point of view to the risk of natural disaste... Show More
  • Impact of Inflation on Import: An Empirical Study

    Md. Ariful Islam

    Issue: Volume 1, Issue 6, December 2013
    Pages: 299-309
    Received: 19 September 2013
    Published: 10 November 2013
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    Abstract: Inflation is associated with rising price. It is a situation in which there is a sustained, inordinate (excessive), and general increase in prices. The increase in prices must last for a reasonable period of time. If prices go up during this period and fall in the next, then it is mere price fluctuation. The increase in price must be excessive by t... Show More
  • An Analysis of Federal Government Expenditure and Monetary Policy on Agricultural Output in Nigeria

    Yusuf Wasiu Akintunde, Adesope A. A. A., V. O. Okoruwa

    Issue: Volume 1, Issue 6, December 2013
    Pages: 310-317
    Received: 8 October 2013
    Published: 10 November 2013
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    Abstract: The need to determine the factors that promote investment decisions in agriculture both on the part of the government and the citizenry in order to put the economy on the part of sustainable growth and development prompted this study. The broad objective of the study is to analyze the effectiveness of government annual budgetary allocation to agric... Show More
  • The Statistical Feature Analysis and Simulation Study of Supply Chain Based on Fixed Spread Risk Probability

    Lei Wen, Mingfang Guo, Yachao Shi

    Issue: Volume 1, Issue 6, December 2013
    Pages: 318-322
    Received: 8 October 2013
    Published: 10 November 2013
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    Abstract: Understanding supply chain network are important for modeling the spread of risks in enterprise nodes. This study characterizes the supply chain risk network of the spread of several nodes. To identify the rule of the movement of risk nodes, several parameters describing these properties are measured (degree, risk, the number of risk nodes, average... Show More
  • The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012)

    Tinomuonga Moyo

    Issue: Volume 1, Issue 6, December 2013
    Pages: 323-329
    Received: 16 September 2013
    Published: 10 November 2013
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    Abstract: This paper analyzes the impact of Foreign Direct Investment on GDP in Zimbabwe, post dollarization period. Foreign Direct Investment has very significant positive impact on economic growth. I advocate for policies that promote inward FDI if our country is to meet its economic growth targets. The paper also analyses the impact of other macro economi... Show More
  • Nexus between Stock Exchange Index and Exchange Rates

    Md. Zahangir Alam, Muhammad Abdur Rahim

    Issue: Volume 1, Issue 6, December 2013
    Pages: 330-334
    Received: 24 October 2013
    Published: 10 November 2013
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    Abstract: This study is about to analyze the nexus between stock exchange index and exchange rates. Secondary data, namely the daily Dhaka Stock Exchange General Index and the BDT/USD Exchange Rates data from December 02, 2012 to April 30, 2012 are used for the study perpose. The findings of this study revealed that 73.1802% of the variation in DSE general ... Show More
  • Determinants of Managerial Behaviour in the Tunisian Banking Industry

    ZAGHLA Abdessalem, BOUJELBENE Younes

    Issue: Volume 1, Issue 6, December 2013
    Pages: 335-346
    Received: 31 August 2013
    Published: 20 November 2013
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    Abstract: This paper determines management behaviour for Tunisian banking industry between 1989 and 2006. Following the Granger causality, we examine the intertemporal relationships between bank efficiency, loan loss provision and capitalisation. The possible relationships between the variables imply different modes of management behaviour namely bad managem... Show More
  • Quality Assessment of Self Help Groups on Stakeholders Perspectives: A Psychometrics Analysis

    Sanjay Kanti Das, Amalesh Bhowal

    Issue: Volume 1, Issue 6, December 2013
    Pages: 347-366
    Received: 25 October 2013
    Published: 20 November 2013
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    Abstract: Micro finance has garnered significant worldwide attention as being a successful tool to meet substantial demand for financial services by low-income. India occupies a significant place and a niche in global micro finance through promotion of the Self Help Groups and the home grown SHG-Bank Linkage Programme model. It is observed that different sta... Show More
  • An Evaluation of the Risk Profile of the Banking Industry in Ghana and its Implication on the National Economy

    Ransford Quarmyne Churchill

    Issue: Volume 1, Issue 6, December 2013
    Pages: 367-373
    Received: 10 October 2013
    Published: 20 November 2013
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    Abstract: The banking system is central to the economic management of every country. The impact of the global financial crisis and developments in some economies therefore call for a thorough assessment of the risk management framework of the Ghanaian banking sector. The main theme that runs through this study is the assessment of the risk profile of the Gha... Show More
  • Achievements and Barriers to Vietnam’s Economic Development

    Phu-Hop Mai, Jun-Wu Yang, Thi-Van Nguyen

    Issue: Volume 1, Issue 6, December 2013
    Pages: 374-381
    Received: 26 October 2013
    Published: 20 November 2013
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    Abstract: The research with the introduction of Vietnamese economy achievements since the Government implemented the reforms for the removal of the Centrally Planned Economy into the market economy so that legal system is improved to attract the investment as well as the support of the international community. Moreover, the article also analyzes the barriers... Show More
  • Credit Assessment Practice of a Commercial Bank in Bangladesh

    Rana-Al- Mosharrafa

    Issue: Volume 1, Issue 6, December 2013
    Pages: 382-387
    Received: 29 October 2013
    Published: 30 November 2013
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    Abstract: The banks act as an intermediary to mobilize the excess fund of surplus sectors to provide necessary finance, to those sectors, which are needed to promote for the sound development of the economy. Credit management is a dynamic field where a certain standard of long-range planning is needed to allocate the fund in diverse field and to minimize the... Show More
  • An Implementation Model for Production Quality Management in the Iranian Industrial Firms

    AliReza Amerehei, G. Z. Yuzbashi yeva

    Issue: Volume 1, Issue 6, December 2013
    Pages: 388-390
    Received: 24 October 2013
    Published: 10 December 2013
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    Abstract: The paper has addressed the various issues of quality growth of industrial production at enterprises of Iran, and studied theoretical approaches to solving these problems, also the problem of choosing the optimal product , improvement of quality circles and departments of quality control on products enterprises,the issues of competitiveness of indu... Show More
  • Structural Breaks and Fiscal Deficit Sustainability in EAC Countries: Empirical Evidence

    Arcade Ndoricimpa

    Issue: Volume 1, Issue 6, December 2013
    Pages: 391-399
    Received: 16 December 2013
    Published: 10 January 2014
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    Abstract: The study examines fiscal sustainability of the East African Community (EAC) Countries by testing for cointegration between government spending and revenue. The study tests for breaks in the long-run relationship between spending and revenue using Bai and Perron’s (2003) method. The presence of regime shifts is then accounted for when testing for c... Show More
  • Openness, Financial Development and Economic Growth in Algeria: An ARDL Bound Testing Approach

    Miloud Lacheheb, Peter Adamu, Seth Akutson

    Issue: Volume 1, Issue 6, December 2013
    Pages: 400-405
    Received: 4 December 2013
    Published: 20 January 2014
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    Abstract: This study examines the relationship between openness, financial development, and economic growth in Algeria using the autoregressive distributed lag (ARDL) cointegration framework. The results based on the bounds testing procedure confirm that a long-run relationship between openness, financial development, and economic growth exist. Data were obt... Show More
  • Measuring Economic Capital Using Loss Distributions

    Osei Antwi, Alice Constance Mensah, Martin Owusu Amoamah, Dadzie Joseph

    Issue: Volume 1, Issue 6, December 2013
    Pages: 406-412
    Received: 11 December 2013
    Published: 30 January 2014
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    Abstract: This paper investigates the complexity involved in the quantitative measurement of Economic Capital and proposes simulation methods as a practical solution for obtaining the loss distribution of a portfolio of obligors. The paper examines a one factor model to generate loss distribution which establishes the necessary ingredients to measure the cr... Show More