We present an open economy growth model incorporating various elements of fiscal policy, including government expenditure on education and public capital (infrastructure), budget deficit, internal and external public debt, public consumption, and four tax rates. This detailed description of...

This study aims to examine the influence of economic and non-economic macro factors on the performance of the Indonesia Stock Exchange (IDX) and the differences in their effects on the last two presidential terms using the Arbitrage Pricing Theory (APT) approach. The macro factors studied are an...

This study tests institutional quality and the growth-finance' four-contexts hypotheses by investigating the nexus between institutional quality and capital market relative to labour market growth in seven selected sub-Sahara Africa's capital market economies comprising Nigeria, South-Africa,...

This study aims to develop nine different consumer bankruptcy forecasting models with the help of three types of artificial neural networks and to verify the usefulness of new, innovative ratios for implementation in personal finance. A learning sample comprising 200 consumers, and a testing...

Climate change mitigation pledges require decarbonization of the economy and the creation of a carbon-neutral society. Men and women contribute differently to climate change and have different roles in low-carbon energy transition. Gender roles influence career choices, abilities to invest in...

This study aims to examine the role of social norms in increasing tax compliance. The traditional model of tax compliance predicts that audits and tax fines are the determinants of tax compliance. This study proposes that social norms would strengthen the effect of the economic factors (i.e.,...

The purpose of this study is to examine whether we can identify a Phillips curve fit for the Kingdom of Eswatini as a low middle income Sub-Saharan Africa monarchy using data collected between 1991 and 2016. In our approach we rely on the recently introduced nonlinear autoregressive distributive...

Although there is valuable literature on areas of corruption, such as political and corporate corruption, a limited number of papers have examined the determinants of administrative corruption. To the best of our knowledge, the multivariate impacts of political instability and institutional...

The middle-income trap (MIT) describes obstacles to sustainable growth experienced by some middle-income countries. The initial growth of emerging economies is often characterized by reliance on labor intense, import driven factors, facilitated by foreign direct investment (FDI). As it matures,...

Securing central bank independence (CBI) is considered a vital and common practice in a large number of countries, since this independence is often associated with favorable economic performance, and it isolates monetary policy from the distortions of political business cycles, associated with...