ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)
Hiroaki Sakurai
Correspondence: Hiroaki Sakurai, hiroaki.sakurai@gakushuin.ac.jp
Faculty of Intercultural Studies, Gakushuin Women’s College
pdf (561.26 Kb) | doi: https://doi.org/10.47260/bae/1113
This study examines the relationship between foreign aid and sectoral growth in Thailand from 1960 to 2021 using ordinary least squares. While it is important to see how foreign aid impacts the recipient country, few studies provide analyses in this field. The estimation results show a linear relationship not only between foreign aid and secondary industry growth, but also between foreign aid and tertiary industry growth, whereas a relationship between foreign aid and primary industry growth is not necessarily seen. The results are consistent with previous studies.
Foreign Aid, Sectoral Growth, Thailand.
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Javkhlan Ganbayar
Correspondence: Javkhlan Ganbayar, ganbayar.javkhlan@gmail.com
Graduate School of Humanities and Social Sciences, Saitama University, Saitama, Japan.
pdf (561.26 Kb) | doi: https://doi.org/10.47260/bae/1112
This study contributes to the ongoing debate on the consequences of expansionary fiscal policy by evaluating the macroeconomic effects of various fiscal policy options in a small open economy using a dynamic stochastic general equilibrium (DSGE) model. In addition, the study emphasizes the importance of studying Mongolia, which has unique characteristics and exhibits significant research gaps regarding its fiscal policy. The general architecture of the selected DSGE model includes different types of firms and households, commodity sectors, natural resource funds, and abundant fiscal tools regarding both expenditure and revenue. Employing numerous types of fiscal policy shocks, this study reveals that an exogenous increase in government investment yields the most significant long-term economic benefits, boosting potential output by 0.3%. Among the policy options, government transfers are the least effective in promoting economic output, and existing transfer policies in Mongolia appear to exert only a modest impact on growth, instead primarily contributing to the redistribution of resources. Finally, the estimated output multipliers (except transfers) are greater than one, implying that fiscal policy instruments may be an effective tool for managing the economy in Mongolia.
Fiscal policy, Fiscal policy multiplier, Small open economy, Dynamic Stochastic General Equilibrium model, Natural Resource Sector.
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Chris Magnis and Skilodimou Louiza
Correspondence: Chris Magnis, magnis@uth.gr
Department of Economics, University of Thessaly, Volos, Greece
pdf (561.26 Kb) | doi: https://doi.org/10.47260/bae/1111
This study aims to analyze the impact of corporate governance practices on the earnings quality of 228 firms located in the United Kingdom throughout the period from 2019 to 2022. Our fundamental concept states that there is a negative relationship between the efficiency of corporate governance practices within the organization and the probability of participating in earnings manipulation. The findings of our empirical study offer substantiation for our claims, as they demonstrate that companies with boards of directors marked by notable autonomy and financial capabilities, along with the presence of effective audit and compensation committees, experience an improvement in the quality of their earnings.
Corporate Governance, Earnings Quality, Board of Directors, Audit Committee, Compensation Committee.
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