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Measurement of Regional Poverty in Tunisia: A Descriptive Approach
Issue:
Volume 3, Issue 6-1, December 2014
Pages:
1-8
Received:
16 December 2014
Accepted:
18 December 2014
Published:
17 January 2015
Abstract: Our objective of this paper is double: searching in economic theory about the divergence between concept of poverty and the regional dimension social inequality. This divergence may biases estimates of poverty rates. This largely depends on measurement tool and the use indicator target. We propose later to response for: if the problem is disruptive of an economic policy which aims to targeting the poor in regions parts. In addition, we dissect, theoretically the steps of measuring poverty and the poverty trend in recent years in the developing world and we are developing a regional approach to the training levels of the poor.
Abstract: Our objective of this paper is double: searching in economic theory about the divergence between concept of poverty and the regional dimension social inequality. This divergence may biases estimates of poverty rates. This largely depends on measurement tool and the use indicator target. We propose later to response for: if the problem is disruptive...
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Problems Related to Measuring and Interpreting Indicators of the Standard of Living
Naďa Birčiaková,
Jana Stávková,
Jana Turčínková
Issue:
Volume 3, Issue 6-1, December 2014
Pages:
9-14
Received:
30 November 2014
Accepted:
12 January 2015
Published:
21 January 2015
Abstract: The paper deals with different approaches to measuring living standards. Attention is drawn to income and expenditures recorded in selected countries of the European Union (the United Kingdom, Sweden, Germany, Spain and the Czech Republic). The basic model of linear regression analysis is used to present the curve of the income and expense situation of households. In order to reveal more specific details, analyses based on income quintiles are carried out. The European methodologies EU SILC and COICOP have been chosen as the main source of data. The period of interest was set for years 2005-2013. The article draws attention to ambiguity of commonly used objective indicators of the standard of living while measuring it.
Abstract: The paper deals with different approaches to measuring living standards. Attention is drawn to income and expenditures recorded in selected countries of the European Union (the United Kingdom, Sweden, Germany, Spain and the Czech Republic). The basic model of linear regression analysis is used to present the curve of the income and expense situatio...
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Money Demand Instability and Money Supply in Tunisia during Transition Period
Olfa Manai Daboussi,
Amira Majoul
Issue:
Volume 3, Issue 6-1, December 2014
Pages:
15-21
Received:
14 December 2014
Accepted:
16 December 2014
Published:
24 January 2015
Abstract: The objective of this paper is to present an empirical analysis of Tunisian money demand, money supply and monetary policy before and after economic transitions. This work explores the instability in estimated money demand functions. We evaluate the role of financial innovations in stabilizing the demand money function over two periods. Results suggest that the monetary aggregate has become inadequate to justify the controllability of money supply by the Tunisian Central Bank during the period of 1987 to 2013. The empirical evidence presented in the paper, provides that Tunisia to be held account of the effect of financial liberalization for adopting the inflation targeting like alternative monetary strategy.
Abstract: The objective of this paper is to present an empirical analysis of Tunisian money demand, money supply and monetary policy before and after economic transitions. This work explores the instability in estimated money demand functions. We evaluate the role of financial innovations in stabilizing the demand money function over two periods. Results sug...
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The Effect of Global Economic Crisis on Turkish Tourism Demand and a Review for the Period 2003-2013
Kudret Gul,
Nuran Aksit Asik,
Ali Kemal Gurbuz
Issue:
Volume 3, Issue 6-1, December 2014
Pages:
22-32
Received:
20 November 2014
Accepted:
3 December 2014
Published:
27 January 2015
Abstract: Turkish tourism has developed as more dependent on the international tourism demand until the 2000s. However, it has gained more stable and more balanced structure with the effect of increase in demand of domestic tourism in the early 21st century. In recent years, despite of the global crisis, the growth rate of the domestic and international tourism expenditure is well above the growth rate of the economy in Turkey. In this study, the effect of the global crisis on Turkish tourism demand has been investigated. The study has focused on factors such as "inflation", "currency" and "interest rates", which may affect Turkish tourism during the global financial crisis. In this way, the effects of the crisis on tourism demand are explained more clearly. The results show occurrence of a significant slowdown in the Turkish foreign active tourism during the global crisis. This deceleration was independent of the inflation and exchange rate effect. Furthermore, it was merely caused by the global crisis. Though, the domestic and overseas travels were increased in Turkey despite of the crisis during the period 2008-2013. Decreasing interest rates played a major role in this increase. Thus, the effect of interest rate on tourist spending can be accepted as a strong influential factor. The study has two important aspects. First, the contractionary effects of the global crisis on the tourism demand are to be determined by taking into account the possible effects of economic variables such as currency, inflation, interest rates, etc. Secondly, this study has a visionary approach, which is an evaluation of the global economic crisis as an opportunity. Besides, it also indicated the effect of the specified variables on tourism demand.
Abstract: Turkish tourism has developed as more dependent on the international tourism demand until the 2000s. However, it has gained more stable and more balanced structure with the effect of increase in demand of domestic tourism in the early 21st century. In recent years, despite of the global crisis, the growth rate of the domestic and international tour...
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Drivers and Forecasting Inflation for Agreement Agadir Countries
Ahlem Dahem,
Dhafer Saidane,
Fatma Siala Guermazi
Issue:
Volume 3, Issue 6-1, December 2014
Pages:
33-38
Received:
14 December 2014
Accepted:
16 December 2014
Published:
8 February 2015
Abstract: The question of the determination of effective forecasting models, for macroeconomic variables, is still considered crucial for the monetary authorities. On the academic side, the interest aroused by this issue in international economics has been a subject of major debate at the center of the recent literature. This last demonstrate that predictions are crucial for the conduct of monetary policy. In order to find inflation divers and powerful models to explain clearly the dynamic of prices and inflation forecasting, this research gives special importance to inflation forecasting and represents an empirical comparison test of three models for predicting the inflation in the case of the countries of the Agadir Agreement of 2007 (Tunisia, Morocco, Egypt, Jordan) : the mark-up model, the monetary model and the Phillips curve through two econometric approaches: individual time series and panel data over the period 1990 – 2013. For comparison of prevision, we used the structural break test Bai and Perron (2003) and the RMSE criterion. We show that the mark-up model is the best suited for forecasting inflation and our results confirm our expectations.
Abstract: The question of the determination of effective forecasting models, for macroeconomic variables, is still considered crucial for the monetary authorities. On the academic side, the interest aroused by this issue in international economics has been a subject of major debate at the center of the recent literature. This last demonstrate that prediction...
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Business Cycle Synchronization between United States and African Region: Some Empirical Evidence
Olfa Manai Daboussi,
Amira Majoul
Issue:
Volume 3, Issue 6-1, December 2014
Pages:
39-47
Received:
14 December 2014
Accepted:
16 December 2014
Published:
11 February 2015
Abstract: This article analyzes the transmission cycle of the United States to emerging markets of the Middle East and North Africa. The related empirical literature dedicated to the transmissions of financial and real shocks on business cycles in emerging African countries does not lead to firm conclusion. We propose a different empirical approach allowing unlike previous studies to analyze how the real and financial shocks are transmitted from the United States to the region of Africa. Based on a new econometric approach in terms of Global VAR model this paper attempts to study the effect of shocks from the United States on the Middle East and North Africa countries, considering the crucial role of trade integration in the integration process in the region of Africa. The model has the advantage of conducting empirical investigations of a large number of countries. The GVAR is estimated for 32 countries over the period 1980-2013. From the functions of impulsive responses generated by this model, our results show the presence of a significant transfer of real and financial shocks of the United States to emerging countries of Africa. This result confirms the idea that a recession affecting the United States tends to affect emerging economies of Africa and even up to cause a recession in the latter.
Abstract: This article analyzes the transmission cycle of the United States to emerging markets of the Middle East and North Africa. The related empirical literature dedicated to the transmissions of financial and real shocks on business cycles in emerging African countries does not lead to firm conclusion. We propose a different empirical approach allowing ...
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