Journal of Economics, Innovative Management and Entrepreneurship

The Best Econometrics Model for Forecasting Equity Market Returns in Developing Countries

2024-12-05T23:09:36-06:00

The emerging market economies are fast improving in terms of the real sector and financial sector growth. This is due to the role played by equity market that facilitates re-allocation of funds. This paper aims to find the best GARCH model for forecasting stock returns of emerging markets, and besides to use maximum likelihood estimation method based on the Marquardt algorithm to estimate how returns respond to market news. It was observed the best model for predicting return in equity markets of Tunisia, Kenya, and Sudan is exponential GARCH with general error distribution (GED). For Egypt, Mauritius, South Africa, Namibia, and Nigeria, the gjrGARCH (1,1) with Student’s-t distributions performs best. These market returns react differently to market news relating to them. Whereas, sGARCH with Gaussian normal distribution is mostly suitable for analysing symmetric responses of return to market news, implying returns in these markets does not react differently to market news. These findings have policy implications for investors in these respective economies. Amongst others, the study advises investors, particularly those in the equity market where volatility decays slowly and the market where volatility responds asymmetrically to be watchful as these could pose significant threat to their market portfolios. Investors in these markets, particularly those in the equity market where volatility decays slowly and the market where volatility responds asymmetrically, be watchful, as these could pose a significant threat to their market portfolio.

The Impacts of COVID 19 on Empowerment: A Study on the Growth and Development of Online Business with Special Reference to F-commerce and Home Kitchen Service

2024-11-14T01:45:29-06:00

This study aims to provide a comprehensive image of how businessmen view online business and to find potential for the growth and development of online enterprises such as Home Kitchens and f-commerce during the COVID-19 pandemic. It also helps to integrate social media with an e-commerce platform. This study investigates the leading factors, and problems associated with online business and Home Kitchens and also provide some recommendations. For this study, a descriptive-interpretive interview methodology has to be used to gather data from a small group of participants. Social media messaging services (interviewing) have been used for collecting data. The results indicate the COVID-19 provided with the opportunity to become a businessman. During the COVID-19 pandemic emergency, new technologies, concepts, and procedures were applied to almost every facet of business operations. This study also showed some aspects still need to be improved to provide a better e-commerce environment. The study explored the wide range of factors that have a big impact on Bangladesh’s development of internet enterprises by evaluating reports and interviews. The study may help Bangladeshi businesses who want to expand their e-commerce by giving them a better understanding of Bangladesh’s e-commerce.

Non-Performing Loans in Cambodia’s Microfinance Sector: Challenges and Implication for Sustainable Economic Growth

2024-12-05T23:09:32-06:00

This study investigates the impact of Non-Performing Loans (NPLs) on Cambodia’s economic growth, utilizing panel data analysis with annual data from 62 microfinance institutions over the period 2017-2023. Data sourced from the National Statistics Institution of Cambodia, National Bank of Cambodia, and World Bank. The results show that NPLs have a significant negative effect on Gross Domestic Product (GDP) growth. In contrast, inflation is found to have a positive relationship with GDP growth, suggesting that moderate inflation may stimulate economic activity. Furthermore, government regulations are shown to have a positive influence on GDP growth, highlighting the importance of a well-structured regulatory environment. These findings emphasize the need to strengthen financial sector stability, carefully manage inflation, enhance regulatory frameworks, and encourage sectoral diversification to ensure sustainable economic growth in Cambodia. The study also underscores the importance of further research to better understand the mechanisms underlying the relationship between these variables and economic performance.

Assessment of the Impact of Government Health Expenditure on Economic Growth in Nigeria

2024-10-14T06:24:07-05:00

This study evaluates the impact of government health expenditure on economic growth in Nigeria between 1992 and 2021 using the ordinary least squares model which was used to perform the estimation for the variables that were determined to be stationary at first difference were evaluated for stationarity. According to the model’s estimated results, neither of the independent variables government capital or recurrent health spending has a discernible impact on Nigeria’s economic expansion. The independent variables were not significantly significant, this could be attributed to the lack of strength of indirect effects and the time lag between ongoing healthcare costs and the overall economy. Additionally, in Nigeria, poor machine quality, unfinished projects, and corrupt officials might be blamed for health expenditures, which decreased the standard of healthcare and general wellness. The study recommended that the government should put in place the facilities needed for people to use healthcare and to maximize wellbeing to improve health outcomes and the government should ensure efficiency and transparency of health expenditure, alongside increased investment in the health sector to stimulate sustainable economic growth in Nigeria.

Factors Contributing to Rotary International’s Stagnant Membership Growth

2024-12-05T23:09:34-06:00

This paper explores the multifaceted reasons behind Rotary International’s stagnant membership growth over the last decades. A significant factor identified is the lack of outreach and marketing efforts, which has prevented the organization from effectively engaging with diverse communities and adapting to modern promotional strategies. This has resulted in a membership base that does not reflect the changing societal dynamics and fails to attract younger generations who prioritize different causes, such as environmental sustainability and social justice. Additionally, the challenges faced by smaller organizations, such as limited resources and niche appeal, are relevant to Rotary’s struggle to attract new members. External societal trends, including urban development and globalization, have altered community structures and priorities, further influencing membership dynamics. The paper highlights the importance of adapting to these changes by improving outreach efforts, addressing competition from other service organizations, and fostering strong leadership within Rotary International. The discussion emphasizes the potential strategies Rotary International can adopt to enhance membership growth, such as leveraging social networks, fostering organizational identification, and addressing diversity challenges. By integrating these strategies, Rotary can work towards increasing its membership and continuing its mission of positively impacting society.