Academic Journal of Economic Studies
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Academic Journal of Economic Studies,正常發行
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Nowadays, the tourism for festivals is a sector of the events tourism, in full development, being of particular interest for both the organizers and the public. The study aims to identify the phenomenon as a whole for the tourist interest, proposing a classification in several types of the identified festivals, considering the peculiarities of the time, space and mental mapping criteria of the consumers (at local, national, international level etc.). Taking into account all these, a period of seven years (2009 - 2015) were chosen for study, in order to identify the evolutionary changes which have occurred and to understand their nature. Furthermore, there have also been researched the fundamental aspects of the tourism for festivals in order to demonstrate that this type of tourism is an essential component in the development of tourism in the urban areas.
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The study empirically examines a co-integrated model of financial stability of Nigerian financial sector in relation to credit financing over the sample period 1990 to 2016. The methodology of error correction was adopted in the study. The study found that credit financing and financial stability are positively linked. Nevertheless, with ecm coefficient of 1.798, the Nigeria’s financial system is unstable; any short run disturbance to the nation’s financial sector will not be restored in the nearest future. Moreover, the coefficient of financial depth is negative implying instability in money supply. As a result, level of the Nigeria’s financial deepening does not enhance the stability of the country’s financial sector. In effect, narrow financial depth causes instability of financial system in Nigeria. So, need arises for resistant and robust institutional advancement of the financial sector, while resilient emphasis on fund enlistment is needed. Also, government should ensure the adherence to credit policy by the banks.
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The paper analyzed the total assets in 2016 achieved by the strongest 96 banks from 4 continents: Europe, America, Asia and Africa. It aims to evaluate the level of total assets provided by banks in 2016 and continental banking markets degree of differentiation to determine the overall conditions of the banks. Methodologies used in this study are based on cluster and descriptive analysis. Data set was built based on information reported by banks on total assets. The results indicate that most of total banking assets are found in Asia and the fewest in Africa. At the end of 2016, the top 16 global banks owned total assets of $ 30.19 trillion according to the data set contains cluster 1 and the centroid was (2.25, 2.11, 3.06, 0.01).
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The main objective of this study is to find out if it is optimal to have tertiary level of education for all workers among OECD countries. The findings show that, although higher education level means higher economic growth, it is not optimal for any economy to have all workers with tertiary education. The optimal level, which gives the highest level of output in the sample, is about 49.8 percent in model 1 and 3, and about 46.9 percent in model 2. The highest level of 55.17 percent of workers with tertiary education is found in Canada for the year 2015. Therefore, though higher levels of education leads to higher economic growth, there should be proportions of workers with lower than tertiary levels of education.
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This study investigates the impact of foreign capital inflows, corruption, and infrastructure on economic growth among ECOWAS members over the period 1980 to 2016. We adopt the Two-Gap model and using ECM method. The empirical results revealed long run causality between the explanatory variables and growth. And also there are short run causality between FCI, infrastructure and corruption on growth but Political stability does not cause growth in short run. Findings of the study also established a negative relationship between FDI, Infrastructure and real growth while ODA, corruption, political stability have positive impact on real growth among ECOWAS members. We recommend policy across the ECOWAS countries that will attract foreign capital inflow. The policy makers should look inwards, re-strategize and begin to formulate and implement sound and credible economic policies that will be aimed at attracting productive capital inflows into the region.
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The content of this article analyzes the tourist traffic indicators in one of our countries’ macro-region in order to quantify the quality level of the Romanian tourism services. The analysis was carried out in comparison with other Romanian macroregions studied in the work Aspects regarding green economy’s management. In the paper’s content are identified the level of the tourism indicators, such as the tourism traffic density and the average duration of the stay. At the same time, the tourism demand is analyzed in Romania’s third macro-region, and also, the tourist offer related to it.
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Myriad of challenges engulfed the Nigerian business milieu. Business activities become more complex and competitive which renders the environment not only difficult for business success but resulting to the increasing failure of SMEs in the country. However, entrepreneurs need to develop strategies to survive in the dwindling economy. It is the duty of the entrepreneurs to interact with the external environmental dynamisms, which require them to be competent in many dimensions. This review proposes a set of competencies that can equip the entrepreneurs with necessary skills and tactics to excel in a challenging economy like that of Nigeria. The paper highlights the conceptualization and synergy between competencies and entrepreneurship on SMEs performance through three distinct paths: entrepreneurial traits, innovation and entrepreneurial marketing.
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The main aim of this article is to provide detailed information on tax competition in Switzerland. Generally, tax competition exists when taxpayers can reduce their tax burden by relocating their capital and/or labour from high-tax jurisdictions to low- tax jurisdictions. The paper reviews various scholarly articles by different authors who focus on the topic of tax competition in Switzerland and characterizes different aspects of the Swiss tax system. Before doing that it would be very helpful to give a brief introduction on fiscal constitution in Switzerland.
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If we are to go by two consecutive quarters of negative growth to declare a country of plumping into recession, then at five consecutive quarters, Nigeria can be considered to be in depression. Meanwhile, the Q2 2017 GDP result reported by the National Bureau of Statistics is like a beautifully wrapped Christmas gift. The true value can only be revealed and appreciated after the unwrapping of the gift. Thus, this empirical analysis is aimed at dissecting the Nigerian economic performance. It is meant to prove whether the economy has truly exited recession. This study concludes by giving recommendations on what government should be doing to truly improve the wellbeing of the citizens and truly get the country out of recession.
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The study investigates the required skills and ethics of the forensic accountant in preventing fraudulent practices in the Nigerian public sector. The primary source of data was utilized for data collection. Using the simple random sampling (SRS), a total of 300 questionnaires were administered; 163 were retrieved. The data obtained was analyzed using SmartPLS - for measurement and structural model. One of the major findings revealed that skills requirement was significant predator of fraud prevention as well as ethics requirement. This means that the higher the skills and ethics of the forensic accountant, the better is the fraud prevention. It is thus, recommended that forensic accounting services should be made statutory in the Nigerian public sector to help in preventing fraudulent practices. Hence the need to create awareness and expand the application of forensic accounting services in Nigerian public sector.