Results in Journal Empirical Economic Review: 20
(searched for: journal_id:(2301155))
Empirical Economic Review, Volume 2, pp 53-80; doi:10.29145/eer/22/020104
Purpose of this study is to analyze the performance in terms of profit of different takaful models being used in different countries in the world. It is both quantitative and qualitative research. In qualitative research, literatures is reviewed by using content analysis technique. Many takaful models are being used by many takaful operators i.e. Wakala, Wakal-Waqf, Mudharabah, Mudharabah-Wakla. For examining performance of different takaful models of five takaful operators, Secondary data on profit earning from 2008 to year 2017 is taken. Results and graphs represent the higher performance of Abu Dhabi National Takaful working on Mudharabah and Wakala Model which showed higher profit as compared to all takaful operators. The finding of this study is essential for Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) for ensuring the standardization of the services and structures that could be given within the frame of mutual help. Takaful operators who can also use the above model i.e. Mudharabah and Wakala Model for enhancing their performance in financial market of insurance. Governments should enact a law for operations and rulings of standardized takaful models adopted by takaful operators and liberalize the takaful market via removal of tariff.
Empirical Economic Review, Volume 2, pp 1-16; doi:10.29145/eer/22/020101
The objective of this work is to determine the socio-economic importance of saffron production as an alternative to opium production in Afghanistan, and to determine if saffron production could influence farmers’ incomes. The primary data for the survey was obtained via direct interviews with farmers of 4 saffron leader districts in Herat, where 95% Saffron production was noted during 2016-2017. Factor analysis was used to determine the factors that influence saffron producers. Cluster analysis was used further, to separate farmer income groups. According to the first cluster, the most important factors affecting agricultural production were: negative climatic conditions while market instability was the second factor. Saffron producers’ annual average yield is 6.6 kg/ha in results that showed that if opium production is permitted, saffron farmers would produce opium due to the high revenue associated with opium production in Afghanistan.
Empirical Economic Review, Volume 2, pp 33-52; doi:10.29145/eer/22/020103
The study investigated the dynamic effect of idle cash on economic growth in Nigeria from 1985 to 2018 employing a mixed methodology. The qualitative result revealed that political affluence, social status, treasury single account, asset declaration, biometric verification number, whistle-blower programme, and the empowering operation of economic and financial crime commission for anti-corruption crusade determine idle cash in Nigeria. On the other hand, the quantitative result revealed that idle cash has an inverse effect on economic growth in the short run. However, the long run result revealed a positive, and statistically significant effect on the economic growth, and it was found that idle cash Granger causes economic growth. We recommend that the government should provide a policy regulation framework that will regulate, track and checkmate the superfluousness of idle cash.
Empirical Economic Review, Volume 2, pp 81-105; doi:10.29145/eer/22/020105
This study examines incidence of food insecurity in Sri Lanka along with its household determinants. The study found that 41.9% of Sri Lankan households are food insecure while 59% of households in Colombo district where the highest food insecurity is reported, are below the Minimum Dietary Energy Requirement(MDER). Food insecurity in urban sector is significantly higher than the rest of the country, as urban people mainly consume prepared and instant foods. The deep classification of food insecurity observed that 1.9% of households are extremely food insecure while 42.2% are vulnerable to food insecure. Furthermore, the impact of growth on reduction in food insecurity is significantly low, despite growth remarkably reduces poverty. The econometric analysis confirms that higherassets level, being a male-headed household, higher level of education, employed in government, semi-government sectors and being a self –employer and having agricultural lands significantly reduce the probabilities of falling into extremelyand moderately food insecure. Therefore, the study recommends ensuring better employment opportunities, higher educational attainments along with safety nets for vulnerable groups such as female-headed households in order to achieve food security. Furthermore, urban-based food insecurity should be addressed by encouraging urban people to have energy rich staples rather than relying on prepared foods.
Empirical Economic Review, Volume 2, pp 17-32; doi:10.29145/eer/22/020102
The research assessed the HIV/AIDS vulnerability index effects on rural labour productivity of agricultural communities in Cross River State. Using multistage random sampling techniques on infected and non-infected farm households, 308 respondents were sampled and structured questionnaires were administered by trained enumerators with adequate experience in the state. Data were analysed using the fussy set approach to health risk vulnerability, descriptive and correlation analysis to determine vulnerability index, productive labour force and relationship between vulnerability index and productivity of both infected and non-infected rural farmers. The average labour force (18 years and above) for infected households was approximately 3 persons per household as against 4 persons for non-infected farm households. The mean labour productivity for infected farmers was 6715 ton/man day while, the non-infected farmer was 8285 ton/man day, where the difference in productivity was significant. A vulnerability index of 16% was established and the indicators that contributed significantly were; care not to take unscreened blood, care not to touch blood of others, having sex indiscriminately, sharing clipper, reduction in savings, and reduction in number of working hours. Furthermore, 43.97% of infected households and 20.40% of the pooled farmers were found to be highly vulnerable. Also an inverse relationship between labour productivity and vulnerability index was established and data were statistically significant. The researcher recommends special inputs subsidy programme for infected farmers, institutionalization of the HIV/AIDS (public health) desk in the State and federal Ministries of Agriculture and Rural Development.
Empirical Economic Review, Volume 2, pp 83-116; doi:10.29145/eer/21/020104
Empirical Economic Review, Volume 2, pp 117-151; doi:10.29145/eer/21/020105
Empirical Economic Review, Volume 2, pp 35-62; doi:10.29145/eer/21/020102
Empirical Economic Review, Volume 2, pp 1-34; doi:10.29145/eer/21/020101
Empirical Economic Review, Volume 2, pp 63-82; doi:10.29145/eer/21/020103
Empirical Economic Review, Volume 1, pp 17-48; doi:10.29145/eer/12/010202
Empirical Economic Review, Volume 1, pp 63-90; doi:10.29145/eer/12/010204
Empirical Economic Review, Volume 1, pp 91-142; doi:10.29145/eer/12/010205
Empirical Economic Review, Volume 1, pp 1-16; doi:10.29145/eer/12/010201
Empirical Economic Review, Volume 1, pp 49-62; doi:10.29145/eer/12/010203
Empirical Economic Review, Volume 1, pp 25-48; doi:10.29145/eer/11/010102
Empirical Economic Review, Volume 1, pp 49-70; doi:10.29145/eer/11/010103
Empirical Economic Review, Volume 1, pp 1-24; doi:10.29145/eer/11/010101
Empirical Economic Review, Volume 1, pp 71-108; doi:10.29145/eer/11/010104