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Interrelationships among Growth, Confidence and Governance in the Globalized World-An experiment of some selected countries

International Journal of Finance & Banking Studies

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Title Interrelationships among Growth, Confidence and Governance in the Globalized World-An experiment of some selected countries
 
Creator Das, Ramesh Chandra; Katwa College, affiliated to University of Burdwan, West Bengal, India
Das, Utpal; Katwa College, Department of Commerce, West Bengal
 
Subject Economics, Finance, Governance, Econometrics
Growth, Confidence, Governance, Granger Causality, Pooled Regression
 
Description The countries in the world in the globalized era have faced heterogeneity in challenges in managing their growth factors as well as the stake holders of such growth profiles. The political and economic turmoil of the last two decades around the world have opened the eyes of the consumers, business houses and the governments of different countries to read and follow the economic events. The paper has tried to study the causal relation and interrelationships among different growth factors like the confidence levels of the consumers and business houses, inflation, unemployment like economic factors and governance like non-economic factors over a selection of 17 countries across all continents for the period 1996-2010. Because of limited sources of data we have applied the pooled regression technique to justify our study. Confidence levels of both the consumers and business houses cause the growth rates whereas governance causes growth only under pooled data. But for individual country data we observe that in majority of the countries there are absences of causalities between the variables. It has been observed that pooled annual growth rates of GDP of the countries are significantly related to the business and consumer confidence indexes, unemployment rate, debt ratio and overall governance indicators that shows improvement over the individual country analysis where in majority of the cases there is no significant factor for growth and confidence. By segregating the entire data the study find a few countries where a few variables like BCI, stock prices and governance make significant impact upon growth rates. In majority of the countries BCI is explained by CCI, Stock prices and governance while CCI is explained by stock prices, governance and debt ratio.
 
Publisher SSBFNET
 
Contributor —
 
Date 2014-11-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/348
 
Source International Journal of Finance & Banking Studies (ISSN: 2147- 4486); Vol 3, No 4 (2014): October; 68-83
2147-4486
 
Language eng
 
Relation http://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/348/292