Recent studies highlight the positive effect of political connections on firm performance and stock returns. This paper shows that returns becomes substantially weaker in weak presidency period, defined as last 2 years before presidential party change or period low job approval ratings. We consider two hypotheses—political interconnectedness risk—and find both hypotheses are important explainin...

Regional disparities in output per capita and income in China are large and persistent. They have been the subject of considerable concern to policy-makers at the highest level for decades, yet little is known about the effectiveness of various alternative policies which may be used to combat them. In this paper we address this issue by analysing the effectiveness of a range of policies by both...

This paper evaluates empirically the determinants of exchange rates in emerging markets, with emphasis on Nigeria and South Africa during period 2001-2020. By applying pooled OLS regression method both panel data countries as subsamples, study finds out that under level, inflation rate, government final consumption expenditure broad money had a negative effect only was significant. On other han...

In the increasingly turbulent environment facing business the strategic management of the firm has become more predominate. However to date, the linkage between strategic management and financial management of the firm has largely not been explored. This research utilizes two different methods of analysis to confirm the linkage between capital structure and strategic posture of the firm. Specif...

This paper examines the short-run and medium-run impact of spending in social infrastructure, defined as expenditure education, childcare, health care, wages gender pay gap on output employment men women for case South Korea. Based a gendered post-Kaleckian feminist macroeconomic theoretical model, we estimate effects expenditure, using structural vector autoregression (SVAR) analysis period 19...

The goal of this paper is to determine the nature of the causal relationship between "social capital," as measured by household membership in formal and informal groups and household welfare in South Africa. Using a recently collected panel data set in South Africa's largest province, we estimate per capita expenditure functions and find a positive and significant impact of household-level soci...

This paper introduces constant government expenditure inWoodford’s finance constrained model (J. Econ. Theory, 1986) with capital–labor substitution as presented in Grandmont, Pintus and de Vilder (J. Econ. Theory, 1998) and investigates how government expenditure influences local dynamics near multiple steady states, depending upon the elasticity of substitution between capital and labor in pr...

BACKGROUND Obesity is a multifaceted problem with wide-reaching medical, social and economic consequences. While health consequences are much known, but due to paucity of data, economic consequences are less known in India. The prevalence for excessive weight particularly among women population has been increasing dramatically in India in the last decades. We examined the economic burden on ind...