Determinants of National Saving in Ethiopia: Time Series Analysis
Edosa Kubsa Lebeta,
Debeli Chala Biyena
Issue:
Volume 7, Issue 3, June 2021
Pages:
67-75
Received:
17 May 2021
Accepted:
9 July 2021
Published:
15 July 2021
Abstract: In poor countries like, Ethiopia national saving have a vital role for capital accumulation, which facilitate domestic investment and economic growth. Accordingly, this paper mainly investigates the covariate that determines national savings specifically in Ethiopia based on the time series data collected from year 1984-2016E.C. The main objective of the study is to identify trend of and the major covariates that determine national saving in Ethiopia. Five covariates (variables) have employed, namely national saving, real GDP, investment, deposit rate, and inflation rate. Autoregressive distributed lag (ARDL) approach to co-integration and error correction model (ECM) has applied to analyze the long run and short-run relationship between the explained and explanatory variables. The long-run model result revealed that, the Real Gross Domestic Product, investment, deposit rate, and inflation have shown a similar relationship. Accordingly, Real Gross Domestic product, investment, deposit and inflation rate, are significantly and positively correlated with national saving. However, in the short-run, except deposit rate all independent variables affect national saving positively. The error correction term has a coefficient of -100.66 which shows that there will be about 100.66% percent speed of adjustment toward long run equilibrium in each year when there is any imbalance in the short run. Finally, as the model result revealed, national saving responded to the real gross domestic product, investment and deposit rate on the theoretically expected manner, however not for the inflation rate. Then the paper recommends increasing an alternative to enhance performance of national saving by considering its contribution for economic growth and development of Ethiopia.
Abstract: In poor countries like, Ethiopia national saving have a vital role for capital accumulation, which facilitate domestic investment and economic growth. Accordingly, this paper mainly investigates the covariate that determines national savings specifically in Ethiopia based on the time series data collected from year 1984-2016E.C. The main objective ...
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A New Trend of Developing the Fin-tech in Vietnam
Tran Van Nam - Pham Thanh Nga
Issue:
Volume 7, Issue 3, June 2021
Pages:
76-81
Received:
8 November 2020
Accepted:
25 December 2020
Published:
23 August 2021
Abstract: In recent year, when the 4th industrial revolution explored around the World, digital age has opened a new trend of payment. One of its achievement is using fin-tech to develop bank and finance field. Following that trend, there are many fin-tech companies established in Vietnam now. The rapid increasing in the number of Vietnam start-ups operating in the financial services sector, along with a corresponding growth in investment in this sector, has attracted significant attention from observers and the media. Vietnam currently ranks second amongst ASEAN member states in the number of incubators, accelerators, and innovation labs in the region. However, Fin-tech in Vietnam is still facing with many problems, such as the lack of legal system to govern inclusive activities of fin-tech companies is example. In this paper, the author will give some statistic and information of status using Fin-tech in Vietnam. The paper will analyze the problems Vietnamese fin-tech company facing now. Then, the author will give recommendation to suggest some solutions to improve the stature of Fin-tech in the next period. To do this research, the author use many methodologies such as using data base of some organization, analysis and assessment, make survey, refer regulation and law of Vietnam, etc.
Abstract: In recent year, when the 4th industrial revolution explored around the World, digital age has opened a new trend of payment. One of its achievement is using fin-tech to develop bank and finance field. Following that trend, there are many fin-tech companies established in Vietnam now. The rapid increasing in the number of Vietnam start-ups operating...
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