Asian Economic and Financial Review

Asian Economic and Financial Review

Basic info

  • Publisher: Aess
  • Country of publisher: pakistan
  • Date added to EuroPub: 2017/May/11

Subject and more

  • LCC Subject Category: Finance and Financial Services, Economics
  • Publisher's keywords: Economic, Financial
  • Language of fulltext: english
  • Full-text formats available: PDF

Publication charges

  • Article Processing Charges (APCs): No
  • Submission charges: No
  • Waiver policy for charges? No

Editorial information

Open access & licensing

  • Type of License: CC BY
  • License terms
  • Open Access Statement: Yes
  • Year open access content began: 2011
  • Does the author retain unrestricted copyright? False
  • Does the author retain publishing rights? False

Best practice polices

  • Permanent article identifier: DOI
  • Content digitally archived in: LOCKSS, CLOCKSS
  • Deposit policy registered in: None

This journal has '574' articles

WILLINGNESS TO PAY FOR INDEX BASED CROP INSURANCE IN GHANA

WILLINGNESS TO PAY FOR INDEX BASED CROP INSURANCE IN GHANA

Authors: Emmanuella Ellis| Department of Agricultural Economics, Faculty of Agricultural and Environmental Sciences, McGill University, Quebec, Canada
( 56 downloads)
Abstract

The study uses a dichotomous contingent valuation method to elicit the willingness to pay for crop insurance among cereal farmers in the Eastern region of Ghana. A sequential decision was considered. An initial decision regarding the willingness to purchase and a subsequent decision on the willingness to pay amount conditional on a positive initial decision was determined. The study employed descriptive statistical techniques to analyse primary data obtained from 208 sampled farmers in the region. Out of the sampled farmers, 52.9% expressed interest in crop insurance. The Probit model was used to estimate the mean willingness to pay (WTP) for crop insurance. The results revealed that farmers were willing to pay approximately GHc 66.2 per cropping season. A Heckman two stage approach was employed to estimate the factors influencing the WTP for crop insurance. The empirical results of the Probit model revealed that marital status, education, crop type, access to extension service, borrowing, savings and awareness of crop insurance influenced farmers? willingness to purchase insurance. Farmers WTP amount estimated with the Ordinary Least Square regression model was shown to be influenced by variables such as marital status, other occupation, access to credit, borrowing and savings. The study recommends that with adequate and detailed information and affordable premiums, farmers will be willing to purchase insurance. Appropriate distribution channels are also recommended to incite demand for crop insurance.

Keywords: Crop insurance, Contingent valuation, Ghana, Heckman two stage analysis, Smallholder farmers, Willingness to pay
BUSINESS CYCLES WITH PERIODIC SHOCKS IN A MULTI-COUNTRY AND MULTI-REGIONAL NEOCLASSICAL GROWTH MODEL

BUSINESS CYCLES WITH PERIODIC SHOCKS IN A MULTI-COUNTRY AND MULTI-REGIONAL NEOCLASSICAL GROWTH MODEL

Authors: Wei-Bin Zhang| Ritsumeikan Asia Pacific University, Japan
( 57 downloads)
Abstract

This paper generalizes the global economic growth model with any number of countries and each country with any number of regions recently proposed by Zhang (2016). Zhang?s model extends Uzawa?s two-sector growth model to a global economy for examining dynamic interactions between international trade, national and global growth, interregional migration, wealth accumulation and regional amenities. This study generalizes Zhang?s model by allowing all the time-independent parameters to be time-dependent. The generalization makes it possible to examine effects of any types of exogenous time-dependent shocks on the dynamic system cross regions and countries over time. We simulate the model with three countries and each country with two regions. We demonstrate the existence of equilibrium point and confirm (local) stability of the equilibrium point when all the parameters are time-independent. We conduct comparative dynamic analysis with regard to exogenous periodic shocks in the total factor productivity of regions? capital good sectors, the total factor productivities of the service sectors, the propensity to save, the amenity parameters, and the propensity to consume housing. Our comparative analysis shows how business cycles are generated by periodic exogenous shocks.

Keywords: Business cycles, Periodic shocks, Propensity to save, Propensity to consume housing, Spatial agglomeration, Regional
GAUGING MALAYSIAN CONSUMERS PERSPECTIVES ABOUT CORPORATE SOCIAL RESPONSIBILITY

GAUGING MALAYSIAN CONSUMERS PERSPECTIVES ABOUT CORPORATE SOCIAL RESPONSIBILITY

Authors: Karpal Singh Dara, Singh*| Sentral College Penang, Malaysia, Md. Aminul Islam| School of Business Innovation and Technopreneurship, University Malaysi...
( 58 downloads)
Abstract

This research was carried out on the premise that as CSR was becoming popular among corporations in Malaysia, it was important to gauge consumers? beliefs and perspectives about CSR and the CSR issues that mattered to them most when purchasing a product.

Keywords: Corporate social responsibility, Perspectives, CSR Activities, CSR Issues, Consumers, Malaysia
DOES PRICING DEVIATION OF EXCHANGE-TRADED FUNDS PREDICT ETF RETURNS?

DOES PRICING DEVIATION OF EXCHANGE-TRADED FUNDS PREDICT ETF RETURNS?

Authors: Jung-Chu Lin| Associate Professor, Department of Banking and Finance, Takming University of Science and Technology, Taipei, Taiwan
( 64 downloads)
Abstract

This paper investigates whether the pricing deviation of inactive exchange-traded funds (ETFs) differs from that of active ETFs and can predict future ETF returns better and longer. The results show that, compared to active ETFs, inactive ETFs trade at a substantial, more volatile, mostly negative and more skewed-to-the-right pricing deviation. Inactive ETFs? pricing deviation relates significantly and negatively to longer-day future ETF returns, indicating that the deviation may predict ETF returns better and longer. However, if an inactive ETF has corresponding futures for its underlying index, its pricing deviation may shrink and pricing efficiency may increase.

Keywords: Exchange-traded fund, Pricing deviation, ETF return, ETF pricing efficiency, Creation-redemption process, Arbitrage strategy

About Europub

EuroPub is a comprehensive, multipurpose database covering scholarly literature, with indexed records from active, authoritative journals, and indexes articles from journals all over the world. The result is an exhaustive database that assists research in every field. Easy access to a vast database at one place, reduces searching and data reviewing time considerably and helps authors in preparing new articles to a great extent. EuroPub aims at increasing the visibility of open access scholarly journals, thereby promoting their increased usage and impact.