Interdependency between monetary policy instruments and Indonesian economic growth
The objective of this study is to analyze the interdependency between monetary policy instruments and Indonesian economic growth for the periods of 2000 to 2011. The monetary policy instruments are open market operation (OPT), reserve requirement (RR), and discount rate. For the analysis, this study employs Structural Vector Autoregression, and Impulse Response Function. The results of the analysis show that...
Poverty reduction through the ICT: Global system for mobile communication (GSM) perspective
Poverty amid plenty is one of the greatest challenges confronting Nigerian economy. Government at all levels had initiated various forms of poverty reduction strategies in an attempt to reduce the incidence of poverty in Nigeria. Using data obtained through the administration of questionnaires on the operators of GSM purposively selected within the study area, the paper examined the extent to which evolution of GSM has...
The effects of financial reforms on consumption behaviour in Malawi
The objective of the paper is to assess whether financial reforms have a statistically significant effect on Malawi consumption behaviour. More specifically, the paper examines the existence of Permanent Income Hypothesis (PIH) and assesses whether the reforms have affected consumption behaviour by reducing liquidity constraints using Instrumental Variable and Two Stage Least Squares (IV-TSLS) approach. The paper finds...