Academic literature on the topic 'Capital investments Australia Econometric models'

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Journal articles on the topic "Capital investments Australia Econometric models"

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PLUNKETT, BRADLEY, FABIO R. CHADDAD, and MICHAEL L. COOK. "Ownership structure and incentives to invest: dual-structured irrigation cooperatives in Australia." Journal of Institutional Economics 6, no. 2 (May 6, 2010): 261–80. http://dx.doi.org/10.1017/s1744137409990361.

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Abstract:In the past decade, Australia has begun to privatize its irrigation system. Two general models have emerged: a single and a dual ownership structure. This paper examines the trade-offs, costs and benefits, and the attendant efficiencies regarding costs of ownership. In particular, we examine member capital investment incentives and resultant risk-bearing costs related to capital formation. The paper concludes that the dual ownership structure system has significant economic advantages relative to its single-structured counterpart.
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Matsybora, Tetiana. "Investments as a basis for the growth of Ukrainian agricultural economy." Ekonomika APK 320, no. 6 (June 28, 2021): 68–78. http://dx.doi.org/10.32317/2221-1055.202106068.

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The purpose of the article is to theoretically substantiate the leading role of investment in economic growth and development and to confirm the relationship between investment and economic growth on the example of empirical analysis of the agricultural sector of Ukraine’s economy. Research methods. Methods: dialectical method of scientific knowledge, analysis and synthesis, systemic generalization (study of the evolution of theories of economic growth; determining the list of factors for the analysis of economic growth, drawing conclusions), correlation and regression analysis (quantitative measurement of capital investment). in the agricultural sector on the gross value added of the agricultural sector, household income on the volume of investments in the agricultural sector and the rating of investment attractiveness of Ukraine on the gross value added of the agricultural sector). Research results. The leading role of investments in economic growth have been theoretically substantiated. The main factors of economic growth of agrarian economy has been established. A regression models have been built for dependence of gross value added of the agricultural sector on the volume of capital investments; of volume of capital investments in the agricultural sector from household incomes and of gross value added of the agricultural sector from the rating of investment attractiveness of Ukraine (Ease of Doing Business). Scientific novelty. Based on the establishment of the main factors of growth of the agricultural economy, econometric models has been built, which are based on linear regression and allow to determine the degree of dependence between gross value added of the agricultural sector and the volume of capital investment; between volume of capital investments in the agricultural sector and a household incomes, and between gross value added of the agricultural sector and the rating of investment attractiveness of Ukraine (Ease of Doing Business). Practical significance. Conclusions, proposals and practical recommendations can be used in the development of state programs for the development of the agricultural sector of Ukraine's economy. Tabl.: 1. Figs.: 3. Refs.: 20.
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Басовская and Elena Basovskaya. "Effects of Human Capital on Profits of Russia’s Enterprises and Organizations." Economics 3, no. 5 (October 19, 2015): 17–19. http://dx.doi.org/10.12737/13589.

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Through econometric models construction the author evaluates the effects of capital-labor ratio and human capital, where the latter is characterized by the employees’ educational level, on profits of enterprises and organizations, operating in Russia. In 2009 the capital-labor ratio and the human capital, as estimated by the employees’ educational level, could be considered responsible for no less, than 39% of profitability of enterprises and organizations. For the most part this effect is due to the capital-labor ratio, while the lesser, though essential part of the said effect is due to the employees human capital. It is shown, that the elasticity of profit in terms of employees human capital exceeds manifold the profit elasticity in terms of capital-labor ratio, meaning that the effect of changes in human capital level on the labor productivity exceeds manifold that of changes in capital-labor ratio. Therefore, to enhance the human capital through better education of employees is more beneficial, than to increase investments in basic capital assets.
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Barykin, Sergey A., and Andrei L. Bulgakov. "Factors of the fintech market development in the global economy (the case of the alternative lending)." Vestnik of Saint Petersburg University. Management 20, no. 1 (2021): 108–27. http://dx.doi.org/10.21638/11701/spbu08.2021.105.

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Alternative lending is one of the largest segments of the financial technology market in the world which is represented by online platforms specializing in organizing the lending process. The purpose of the article is to assess the impact of key factors on the dynamics of venture capital investments in alternative lending platforms. The objectives of this study are to define the concept of alternative lending, build an econometric model to analyze the factors of development of alternative lending in the world, and interpret the results from the point of view of the prospects for the development of alternative lending. Alternative lending has been defined as a segment of the fintech market that can be characterized as parallel financing of economic activities based on digital platforms through the provision of syndicated loans after decentralized business models. To test the hypotheses of the study, an econometric model was built on the analysis of 5,234 investment transactions completed in the period from 2013 to 2019 in 35 countries of the world and included in the CrunchBase database. According to the model, such factors as the availability of venture capital, the number of workforce, the digital competitiveness of the economy (the factor of future readiness), and the availability of credit information have a significant impact on the dynamics of direct and venture capital investments in alternative lending companies. The obtained results can be considered when improving the national strategy for regulating the alternative lending market, which is especially important for Russia, where the segment of alternative lending is at the stage of stagnation.
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Басовский, Leonid Basovskiy, Басовская, and Elena Basovskaya. "The inefficiency of property paradox in the modern Russian economy." Economics 1, no. 4 (October 21, 2013): 3–10. http://dx.doi.org/10.12737/1470.

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One of the factors that determine the productivity of labor in modern Russia is employment in the private sector. Employment in the private sector significantly reduces the productivity and efficiency of the economy. This is confirmed by econometric models developed on the basis of the regional statistics for 2001–2011. The negative impact of employment in the private sector proves that the institution of private property is inadequate in this country. The greater the negative effect of the ownership factor, the lower the capital/ labor rate in the region. As a result an institutional trap has emerged. On the one hand, to reduce the negative impact of institution of property imperfectness it is necessary to raise the capital/labor ratio. On the other hand, investments, needed to raise the capital/labor ratio, are inefficient due to that same negative effect of institution of property imperfectness on the productivity of labor. As the econometric analysis reveals, an essential factor which has heavily (up to 70%) contributed to current imperfectness and inefficiency of the private property institution is the federal policy embodied in a set of Federal laws enacted in 2005–2011.
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Sinoi, Elena-Alexandra. "The impact of educated migrants and R&D expenditures on innovation." Management & Marketing. Challenges for the Knowledge Society 16, no. 1 (March 1, 2021): 13–25. http://dx.doi.org/10.2478/mmcks-2021-0002.

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Abstract Migration has become a topic of great interest of the 21st century, as it triggers multiple advantages and downsides, both for the people and communities implicated, depending on the policies in place. International migration should not be perceived as an issue that needs to be solved, but rather a global phenomenon that can reduce poverty and foster inclusive growth and sustainable development, both in origin and destination countries. The most highly-skilled immigrants represent a key factor in enhancing innovation and technological change processes, which are essential aspects of social and economic development. The purpose of the study is to analyse the impact of highly educated immigrants (with tertiary-educated immigrant employees and foreign PhD students) together with R&D investments on innovative activity (proxied by the number of patents applications), in the case of the ten countries which joined the EU in 2004. The evaluated time frame is from 2011 to 2017. For the econometric analysis of the panel data, we developed fixed-effects linear regression models, at the country-level. The indicators computed are relevant to the innovative activity. The econometric estimations highlight a positive correlation between educated migrants and the number of patent applications in all ten countries. This nexus is even strengthened when we take into consideration other relevant impact factors, such as investments in R&D and human capital. Therefore, the more efforts and investments are devoted to R&D and highly educated individuals, the more predictable the innovation is.
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Tsypin, Aleksander P., and Anna A. Firsova. "Approaches to evaluating the effectiveness of investments in higher education." Perspectives of Science and Education 53, no. 5 (November 1, 2021): 512–29. http://dx.doi.org/10.32744/pse.2021.5.35.

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Introduction. The role of the importance of higher education in the formation of human capital as a strategic resource of social progress and sustainable development of the country determines the relevance of studies that allow assessing the interdetermination of education and economic growth. The purpose of the article is to identify approaches to assessing the effectiveness of investments in higher education and modeling their impact on the economic growth of post-Soviet countries. Materials and methods. The methodological basis of the study is testing the author's hypothesis and econometric modeling of the influence of macroeconomic indicators characterizing the state of the higher education system on the resulting indicator of gross domestic product per capita as an indicator of economic growth according to data from 15 post-Soviet countries. Methods of economic analysis, statistical and econometric methods were used. For empirical analysis, we used statistical data from the Federal State Statistics Service of the Russian Federation, the World Bank, and the United Nations. Results. The research hypothesis about the positive impact of spending on higher education on the economic growth of the post-Soviet countries has been confirmed. The greatest response to GDP per capita is observed from the indicators "Spending on research and development" and "Admission of high school graduates to higher education". Prediction of the obtained models shows the possibility of a significant increase in GDP per capita with an increase in spending on higher education with a corresponding congruent development of the institutional environment of the post-Soviet countries. Taking into account the identified factors makes it possible to determine priorities for a balanced education and innovation policy in the post-Soviet countries. Conclusions. Empirically substantiated the need to increase investment in the higher education sector to accelerate economic growth and level economic inequality, which must be taken into account when implementing policies in the context of structural reforms in higher education in post-Soviet countries and determining the amount of investment in higher education.
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Wong, Peng Yew, Woon-Weng Wong, and Kwabena Mintah. "Residential property market determinants: evidence from the 2018 Australian market downturn." Property Management 38, no. 2 (December 3, 2019): 157–75. http://dx.doi.org/10.1108/pm-07-2019-0043.

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Purpose The purpose of this paper is to validate and uncover the key determinants revolving around the Australian residential market downturn towards the 2020s. Design/methodology/approach Applying well-established time series econometric methods over a decade of data set provided by Australian Bureau of Statistics, Reserve Bank of Australia and Real Capital Analytics, the significant and emerging drivers impacting the Australian residential property market performance are explored. Findings Besides changes in the significant levels of some key traditional market drivers, housing market capital liquidity and cross-border investment fund were found to significantly impact the Australian residential property market between 2017 and 2019. The presence of some major positive economic conditions such as low interest rate, sustainable employment and population growth was perceived inadequate to uplift the Australian residential property market. The Australian housing market has performed negatively during this period mainly due to diminishing capital liquidity, excess housing supplies and retreating foreign investors. Practical implications A better understanding of the leading and emerging determinants of the residential property market will assist the policy makers to make sound decisions and effective policy changes based on the latest development in the Australian housing market. The results also provide a meaningful path for future property investments and investigations that explore country-specific effects through a comparative analysis. Originality/value The housing market determinants examined in this study revolve around the wider economic conditions in Australia that are not new. However, the coalesce analysis on the statistical results and the current housing market trends revealed some distinguishing characteristics and developments towards the 2020s Australian residential property market downturn.
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Kirshen, Paul H., Andrea L. Larsen, Richard M. Vogel, and William Moomaw. "Lack of influence of climate on present cost of water supply in the USA." Water Policy 6, no. 4 (August 1, 2004): 269–79. http://dx.doi.org/10.2166/wp.2004.0018.

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Previous studies have sought to develop econometric models of water supply systems, which can be used to predict future water supply costs; none, however, have investigated the influence of climatic factors. In this paper, climatic and other regional influences on the costs of water supply in the USA are explored using multivariate analysis of water supply costs from water supply utilities located throughout the USA. Results showed that over 90% of the variation in present water supply capital and operating costs for surface and ground water systems can be explained by variations in quantity of water delivered, with other variables, particularly regional climate, playing a negligible role. An analysis of the historic development of water supply in the USA showed that capital expenses for water supply systems are a relatively small component of the present total annual costs because: (1) the original capital expenditures were reduced for utilities due to large public subsidization; (2) repayment of capital expenditures is now complete owing to the long time period since the original investments; and (3) new policies encourage demand management instead of supply expansion. Therefore, the present costs of water supply are not related to climate and thus are not a useful guide to future costs in studies that evaluate climate change impacts.
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Kramin, Timur, Marsel Miftakhov, and Dmitry Manushin. "Identification and assessment of direct and indirect economic effects of the sports sector on the economy." SHS Web of Conferences 128 (2021): 04001. http://dx.doi.org/10.1051/shsconf/202112804001.

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The sports sector makes a significant multilateral contribution to the development of economic systems. This study examines the scale and structure of the impact of the sports sector on the economy. Direct and indirect effects of such an impact are highlighted. The significance of the indirect socio-economic effects of major sporting events is illustrated by the example of the 2013 Universiade project in Kazan. On the basis of empirical data, the growth of sports activity of the population of the Republic of Tatarstan during the Universiade is shown. Using previously obtained econometric models on the indirect effects of the growth of the sports activity of the population, the indirect socio-economic effects of the Universiade were estimated: the infrastructural effect, a decrease in health care costs, an increase in labor productivity, additional income from tourism, and the creation of additional social capital. An extended model for assessing the payback of large sporting events, including investments in the infrastructure capital of the region and a number of intangible assets, is proposed and tested.
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Dissertations / Theses on the topic "Capital investments Australia Econometric models"

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Limkriangkrai, Manapon. "An empirical investigation of asset-pricing models in Australia." University of Western Australia. Faculty of Business, 2007. http://theses.library.uwa.edu.au/adt-WU2007.0197.

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[Truncated abstract] This thesis examines competing asset-pricing models in Australia with the goal of establishing the model which best explains cross-sectional stock returns. The research employs Australian equity data over the period 1980-2001, with the major analyses covering the more recent period 1990-2001. The study first documents that existing asset-pricing models namely the capital asset pricing model (CAPM) and domestic Fama-French three-factor model fail to meet the widely applied Merton?s zero-intercept criterion for a well-specified pricing model. This study instead documents that the US three-factor model provides the best description of Australian stock returns. The three US Fama-French factors are statistically significant for the majority of portfolios consisting of large stocks. However, no significant coefficients are found for portfolios in the smallest size quintile. This result initially suggests that the largest firms in the Australian market are globally integrated with the US market while the smallest firms are not. Therefore, the evidence at this point implies domestic segmentation in the Australian market. This is an unsatisfying outcome, considering that the goal of this research is to establish the pricing model that best describes portfolio returns. Given pervasive evidence that liquidity is strongly related to stock returns, the second part of the major analyses derives and incorporates this potentially priced factor to the specified pricing models ... This study also introduces a methodology for individual security analysis, which implements the portfolio analysis, in this part of analyses. The technique makes use of visual impressions conveyed by the histogram plots of coefficients' p-values. A statistically significant coefficient will have its p-values concentrated at below a 5% level of significance; a histogram of p-values will not have a uniform distribution ... The final stage of this study employs daily return data as an examination of what is indeed the best pricing model as well as to provide a robustness check on monthly return results. The daily result indicates that all three US Fama-French factors, namely the US market, size and book-to-market factors as well as LIQT are statistically significant, while the Australian three-factor model only exhibits one significant market factor. This study has discovered that it is in fact the US three-factor model with LIQT and not the domestic model, which qualifies for the criterion of a well-specified asset-pricing model and that it best describes Australian stock returns.
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Eadie, Edward Norman. "Small resource stock share price behaviour and prediction." Title page, contents and abstract only, 2002. http://web4.library.adelaide.edu.au/theses/09CM/09cme11.pdf.

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Spurway, Kayleigh Fay Nanette. "A study of the Consumption Capital Asset Pricing Model's appilcability across four countries." Thesis, Rhodes University, 2014. http://hdl.handle.net/10962/d1013016.

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Historically, the Consumption Capital Asset Pricing Method (C-CAPM) has performed poorly in that estimated parameters are implausible, model restrictions are often rejected and inferences appear to be very sensitive to the choice of economic agents' preferences. In this study, we estimate and test the C-CAPM with Constant Relative Risk Aversion (CRRA) using time series data from Germany, South Africa, Britain and America during relatively short time periods with the latest available data sets. Hansen's GMM approach is applied to estimate the parameters arising from this model. In general, estimated parameters fall outside the bounds specified by Lund & Engsted (1996) and Cuthbertson & Nitzsche (2004), even though the models are not rejected by the J-test and are associated with relatively small minimum distances.
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Van, Eeden Johannes Gerhardus. "An in-depth literary study of Tobin's Q ratio, free cash flow and the relationship that exists between Q and free cash flow." Thesis, Stellenbosch : University of Stellenbosch, 2009. http://hdl.handle.net/10019.1/5047.

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Thesis (MBA (Business Management))--University of Stellenbosch, 2009.
ENGLISH ABSTRACT: Tobin's q value is widely used by financial analysts as a performance indicator ratio. The market value of a firm over the replacement cost of fixed assets and inventory serves as an indication of whether value is created by investing internally in the firm, or whether value is destroyed by investing in negative net present value projects. Where Tobin's q is greater than one (q > 1), the market value of the firm is greater than what it would cost to replace fixed assets and inventory. Therefore value is created. Firms that have a Tobin's q value of less than one are advised to pay dividends rather than invest in negative net present value projects. Over 200 different methods exist of calculating Tobin's q. By increasing the complexity of the algorithm to determine q, very little is achieved to improve the measurement quality. A strong link exists between excess market returns, free cash flow spending announcements and Tobin's q value for the firm. Firms with a high Tobin's q value should ensure that good investment possibilities are pursued. The use of internal funds to fund new investment is viewed in a positive light by the market and above average returns are generated. Firms with a high Tobin's q value and high free cash flow show lower returns. These lower returns happen as a result of the market recognising the firm's failure to capitalise on favourable internal investment opportunities.
AFRIKAANSE OPSOMMING: Tobin se q-waarde word wyd gebruik as prestasie aanwyser deur finansiele ontleders. Die markwaarde van 'n firma gedeel deur die vervangingskoste van vaste bates en voorraad, dien as 'n maatstaf om aan te dui of waarde geskep word deur intern in die firma te belê en of waarde vernietig word deur in projekte met 'n negatiewe netto teenswoordige waarde te belê. Waar Tobin se q-waarde groter is as een (q > 1) is die markwaarde van die firma groter as wat dit sal wees om die vaste bates en voorraad te vervang. Sodoende word waarde geskep. Firmas met 'n q-waarde van minder as een word aanbeveel om eeeder dividende uit te betaal as om die beskikbare fondse in projekte met 'n negatiewe netto teenswoordige waarde te investeer. Meer as 200 verskillende metodes bestaan om Tobin se q-waarde te bereken. Deur die kompleksiteit van die algoritme te vergroot om q te bereken, dra min by tot groter akkuraatheid van die meting. 'n Sterk verband bestaan tussen bo-gemiddelde markopbrengste, aankondigings oor die besteding van vrye kontantvloei en die Tobin q-waarde van die firma. Firmas met 'n hoë Tobin q-waarde moet verseker dat goeie investeringsgeleenthede aangegryp word. Die gebruik van interne fondse om nuwe investering te finansier word deur die mark in 'n positiewe lig beskou en bogemiddelde opbrengste word gelewer. Firmas met 'n hoë Tobin q-waarde en hoë vrye kontantvloei toon laer opbrengste. Hierdie laer opbrengste is as gevolg van die mark wat besef dat die firma nalaat om gunstige interne investeringsgeleenthede te gebruik.
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Duong, Lien Thi Hong. "Australian takeover waves : a re-examination of patterns, causes and consequences." UWA Business School, 2009. http://theses.library.uwa.edu.au/adt-WU2009.0201.

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This thesis provides more precise characterisation of patterns, causes and consequences of takeover activity in Australia over three decades spanning from 1972 to 2004. The first contribution of the thesis is to characterise the time series behaviour of takeover activity. It is found that linear models do not adequately capture the structure of merger activity; a non-linear two-state Markov switching model works better. A key contribution of the thesis is, therefore, to propose an approach of combining a State-Space model with the Markov switching regime model in describing takeover activity. Experimental results based on our approach show an improvement over other existing approaches. We find four waves, one in the 1980s, two in the 1990s, and one in the 2000s, with an expected duration of each wave state of approximately two years. The second contribution is an investigation of the extent to which financial and macro-economic factors predict takeover activity after controlling for the probability of takeover waves. A main finding is that while stock market boom periods are empirically associated with takeover waves, the underlying driver is interest rate level. A low interest rate environment is associated with higher aggregate takeover activity. This relationship is consistent with Shleifer and Vishny (1992)'s liquidity argument that takeover waves are symptoms of lower cost of capital. Replicating the analysis to the biggest takeover market in the world, the US, reveals a remarkable consistency of results. In short, the Australian findings are not idiosyncratic. Finally, the implications for target and bidder firm shareholders are explored via investigation of takeover bid premiums and long-term abnormal returns separately between the wave and non-wave periods. This represents the third contribution to the literature of takeover waves. Findings reveal that target shareholders earn abnormally positive returns in takeover bids and bid premiums are slightly lower in the wave periods. Analysis of the returns to bidding firm shareholders suggests that the lower premiums earned by target shareholders in the wave periods may simply reflect lower total economic gains, at the margin, to takeovers made in the wave periods. It is found that bidding firms earn normal post-takeover returns (relative to a portfolio of firms matched in size and survival) if their bids are made in the non-wave periods. However, bidders who announce their takeover bids during the wave periods exhibit significant under-performance. For mergers that took place within waves, there is no difference in bid premiums and nor is there a difference in the long-run returns of bidders involved in the first half and second half of the waves. We find that none of theories of merger waves (managerial, mis-valuation and neoclassical) can fully account for the Australian takeover waves and their effects. Instead, our results suggest that a combination of these theories may provide better explanation. Given that normal returns are observed for acquiring firms, taken as a whole, we are more likely to uphold the neoclassical argument for merger activity. However, the evidence is not entirely consistent with neo-classical rational models, the under-performance effect during the wave states is consistent with the herding behaviour by firms.
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"Coordination failure and the high tech industry." Chinese University of Hong Kong, 1995. http://library.cuhk.edu.hk/record=b5888433.

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Yau Cheuk Man.
Thesis (M.Phil.)--Chinese University of Hong Kong, 1995.
Includes bibliographical references (leaves 46-47).
Lists of figure --- p.iii
Acknowledgment --- p.iv
Chapter
Chapter 1 --- Introduction --- p.1
Chapter 2 --- Model1 --- p.6
Chapter 2.1 --- The basic model --- p.7
Chapter 2.2 --- The modified model --- p.11
Chapter 2.3 --- Coordination policy --- p.19
Chapter 2.4 --- Capital mobility --- p.21
Chapter 3 --- Model2 --- p.23
Chapter 3.1 --- The basic model --- p.24
Chapter 3.2 --- The modified model --- p.28
Chapter 3.3 --- Coordination policy --- p.35
Chapter 3.4 --- Capital mobility --- p.37
Chapter 4 --- Conclusion --- p.39
REFERENCES --- p.46
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Nyasha, Sheilla. "Financial development and economic growth : new evidence from six countries." Thesis, 2014. http://hdl.handle.net/10500/18576.

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Using 1980 - 2012 annual data, the study empirically investigates the dynamic relationship between financial development and economic growth in three developing countries (South Africa, Brazil and Kenya) and three developed countries (United States of America, United Kingdom and Australia). The study was motivated by the current debate regarding the role of financial development in the economic growth process, and their causal relationship. The debate centres on whether financial development impacts positively or negatively on economic growth and whether it Granger-causes economic growth or vice versa. To this end, two models have been used. In Model 1 the impact of bank- and market-based financial development on economic growth is examined, while in Model 2 it is the causality between the two that is explored. Using the autoregressive distributed lag (ARDL) bounds testing approach to cointegration and error-correction based causality test, the results were found to differ from country to country and over time. These results were also found to be sensitive to the financial development proxy used. Based on Model 1, the study found that the impact of bank-based financial development on economic growth is positive in South Africa and the USA, but negative in the U.K – and neither positive nor negative in Kenya. Elsewhere the results were inconclusive. Market-based financial development was found to impact positively in Kenya, USA and the UK but not in the remaining countries. Based on Model 2, the study found that bank-based financial development Granger-causes economic growth in the UK, while in Brazil they Granger-cause each other. However, in South Africa, Kenya and USA no causal relationship was found. In Australia the results were inconclusive. The study also found that in the short run, market-based financial development Granger-causes economic growth in the USA but that in South Africa and Brazil, the reverse applies. On the other hand bidirectional causality was found to prevail in Kenya in the same period.
Economics
DCOM (Economics)
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Books on the topic "Capital investments Australia Econometric models"

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W, Cooper Russell. On the nature of capital adjustment costs. Cambridge, MA: National Bureau of Economic Research, 2000.

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Cardoso, Eliana A. Capital formation in Latin America. Cambridge, MA: National Bureau of Economic Research, 1991.

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Harrison, Ann E. Global capital flows and financing constraints. Cambridge, MA: National Bureau of Economic Research, 2002.

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Caballero, Ricardo J. Aggregate investment. Cambridge, MA: National Bureau of Economic Research, 1997.

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M, Roberts John. Modeling aggregate investment: A fundamentalist approach. Washington, D.C: Federal Reserve Board, 2003.

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Frain, John. Estimating investment functions for a small-scale econometric model. Dublin: Economic Analysis, Research and Publications Department, Central Bank of Ireland, 1996.

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Magud, Nicolas. Capital controls: An evaluation. Cambridge, Mass: National Bureau of Economic Research, 2006.

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Grandes, Martín. Inversión en maquinaria y equipos: Un modelo econométrico para la experiencia argentina, 1991-1998. Buenos Aires]: Ministerio de Economía y Obras y Servicios Públicos, Secretaría de Programación Económica, 1999.

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Bakhshi, Hasan. Modelling investment when relative prices are trending: Theory and evidence for the United Kingdom. London: Bank of England, 2003.

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Cling. L' enquête de conjoncture sur l'investissement dans l'industrie. Paris: Institut national de la statistique et des études économiques, 1987.

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