Atlantic Review of Economics
About: Atlantic Review of Economics is an academic journal. The journal publishes majorly in the area(s): Human capital & Population. It has an ISSN identifier of 2174-3835. Over the lifetime, 71 publication(s) have been published receiving 172 citation(s).
Topics: Human capital, Population, Social responsibility, Investment (macroeconomics), Financial capital
Abstract: The aim of this paper is to investigate the influence of foreign direct investment (FDI) on economic growth in Southern Asia for the period 1977-2009. The Im, Pesaran and Shin (2003) unit root test shows the variables are stationary in level and Hausman (1978) test proves that we should apply the random effects model. Having estimated the model we come to the conclusion that foreign direct investment (FDI) has positive and significant effect on economic growth and variables such as human capital, economic infrastructure and capital formation have positive effect on gross domestic product (GDP). But, population, technology gap and inflation have negative effect on the economic growth.
Abstract: This paper studies the returns difference, the long run relationship, and the short run dynamics of Islamic indices compared to non-Islamic indices in three sub periods as well as the overall period. The sub periods studied are the pre-, post and during the recent subprime crisis. The results indicate that there is no significant difference in mean returns between the Islamic indices as well as their counterparts. In terms of long run relationship or cointegration it is found that the Islamic indices were cointegrated in the pre-crisis as well as post crisis period. On the other hand the conventional indices were not cointegrated in any of the sub periods. The short run causality between the Islamic indices is a unidirectional from DJIMI towards HJ in all the sub-periods. Similarly, the conventional indices have a unidirectional causality running from DJINA towards KLCI except during the financial crisis where a bidirectional relationship exists. The result here suggests that the screening criteria of Islamic indices eliminate doubtful stocks before they fail is not accurate. In other words, if the Islamic indices screening criteria have any benefit in identifying the failing stocks they would have at least minimized the effect of the financial crisis. Therefore, investing in Islamic indices has no superiority over the conventional index in terms of performance. However, Islamic investment might have the peace of mind some investors are looking for.
Abstract: espanolEl presente articulo tiene por objeto analizar el vinculo bidireccional existente entre dos variables claves en el desarrollo economico y la sostenibilidad social: el capital humano y el capital social. Tras introducir ambos conceptos, se aborda desde el plano teorico la influencia bidireccional entre el capital humano (educacion, conocimientos tecnicos, experiencia del individuo-trabajador) y el capital social individual (red de relaciones interpersonales del sujeto focal). En este sentido, la educacion extiende la red social del individuo y amplia el conjunto de recursos a los que puede acceder. Asimismo, y en sentido inverso, el capital social individual favorece tanto la educacion del sujeto como la productividad de su capital humano. La segunda parte del articulo contrasta desde un punto de vista empirico la interrelacion entre el capital humano y el capital social individual en el caso espanol. Los resultados confirman la bidireccionalidad de las relaciones y la necesidad de profundizar en la causalidad de los procesos. EnglishThe aim of this article is to analyze the bidirectional link between two key variables in economic development and social sustainability: human capital and social capital. After introducing both concepts, the influence of human capital (education, technical knowledge, experience of the individual-worker) in the individual social capital (network of interpersonal relationships of the focal subject) is approached from the theoretical point of view. In this sense, education extends the social network of the individual and broadens the set of resources that can be accessed. Likewise, and in the opposite direction, individual social capital favors both the education of the subject and the productivity of its human capital. The second part of the article contrasts from an empirical point of view the interrelation between human capital and individual social capital in the Spanish case. The results confirm the bidirectionality of the relationships and the need to deepen the causality of the processes.
Abstract: espanolLa educacion superior esta considerada como un motor de desarrollo y crecimiento en la sociedad del conocimiento, debido a sus beneficios para impulsar la investigacion, el conocimiento y la innovacion tecnologica. Este documento examina la relacion entre la innovacion, la educacion superior y el crecimiento economico durante el periodo 1996-2014 en el caso de los paises desarrollados y en desarrollo. La relacion de cointegracion entre series se examino mediante el uso de la prueba de cointegracion de panel desarrollada por Pedroni (1999, 2004) y Kao (1999). Como resultado del analisis empirico, se determino la relacion de cointegracion entre las series. Los resultados tambien proporcionan evidencia de un efecto positivo de la innovacion en la educacion terciaria sobre el crecimiento economico. EnglishHigher education is considered as an engine for development and growth in the knowledge society, because of its benefits to boost research, knowledge and technological innovation. This paper examines the relation between innovation, higher education and economic growth during the 1996-2014 period in the case of developed and developing countries. The cointegration relationship between series was examined by using panel cointegration test developed by Pedroni (1999, 2004) and Kao (1999). As a result of the empirical analysis, cointegration relationship between the series was determined. The results provide also evidence of a positive effect of innovation in tertiary education on economic growth.
TL;DR: Previous evidences from banking are extended and offered and a metamodel of risk in non-financial firms is offered, and a map specifically designed to monitor the key processes that lead to the events to insolvency and financial failure is offered.
Abstract: A risk map is a tool, based on various information systems, that aims to identify the activities or processes at risk, quantify the probability of these events and measure the potential damage associated with their occurrence. This kind of map provides three valuable contributions to a Manager: integrated information about company global exposure, summaries of the total economic value of the risks assumed at any given time, and tools to explore these sources of risk. The risk map is implemented in a graphic interactive dashboard, similar to a scorecard, able to emphasize abnormalities or deviations; it also allows the user to navigate trough all available data at different levels of disaggregation (drill-down). Concerning the company's financial problems, the map helps keep track of the key vulnerabilities - such as increases in the levels of nonperforming loans or exposure to a particular category of customers - and, in this sense, it can support the development of concrete strategies aimed to prevent financial failure. This paper extends previous evidences from banking and offers a metamodel of risk in non-financial firms, and a map specifically designed to monitor the key processes that lead to the events to insolvency and financial failure.
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