• Title/Summary/Keyword: OLS Regression

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The Contribution of Small and Medium-Sized Enterprises in the Economic Growth of the Southeast Region of Vietnam

  • PHAM, Thanh Van;NGUYEN, Van Luan;NGUYEN, Thi Lai;PHAN, Thi Thu
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.9
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    • pp.155-163
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    • 2021
  • This research was conducted to check the impact of factors related to the small and medium-sized enterprises (SME) on the economic growth in the Southeast region of Vietnam, over the years from 1996-2019. This paper applies a combination of FEM, DKSE, GMM, and RIDGE-FEM regression methods to estimate the influence of independent variables on the economic growth of the whole Southeast region with the panel data collected from GSO; and applying the OLS regression model for each province. The study finds that all variables have a statistically significant positive impact on the economic growth of the study area. Accordingly, the importance of the variables is in the following order: (1) the proportion of workers by professional and technical qualification (SMEH), (2) the number of vocational training schools (LnTSCH), and educational level of workers (LnSchool), (3) the number of SME enterprises (LnSME); (4) The average number of years in the schooling of employees in the enterprise (LnSchool); (5) Enterprise capital (LnCAP); and (6) the average number of employees of SME (LnSMER). The research results also show that factors related to the quality of labor resources have a more positive influence on growth than both the labor size and financial capital of SMEs.

Long-run Equilibrium Relationship Between Financial Intermediation and Economic Growth: Empirical Evidence from Philippines

  • MONSURA, Melcah Pascua;VILLARUZ, Roselyn Mostoles
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.21-27
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    • 2021
  • The financial sector is one of the most important building blocks of the economy. When this sector efficiently implemented a well-crafted program on banking and financial system to translate financial activities to income-generating activity, economic growth will be realized. Hence, this study analyzed the effect of financial intermediation on economic growth and the existence of cointegrating relationship using time-series data from 1986 to 2015. The influence of financial intermediation in terms of bank credit to bank deposit ratio, private credit, and stock market capitalization and time trend to economic growth was estimated using ordinary least squares (OLS) multiple regression. The results showed that all the financial intermediation indicators and time trend exert significant effect on Gross Domestic Product (GDP) per capita. The positive sign of the time trend indicates that there is an upward trend in GDP per capita averaging approximately 0.06 percent annually. Furthermore, the cointegration test using the Johansen procedure revealed that there is a presence of long-term equilibrium relationship between financial intermediation and time trend and economic growth, and rules out spurious regression results. This study established the idea that financial intermediation in the Philippines has a significant and vital role in stimulating growth in the economy.

Supremacy of Value-Added Tax: A Perspective from South Asian Nations

  • Md Noor Uddin, MILON;Yousuf, KAMAL;Tahmina Akter, POL
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.2
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    • pp.49-60
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    • 2023
  • The study attempts to examine the relationship among revenue growth factors from different angles and provides a comprehensive overview of tax revenue collection for developing countries. The impact of income tax, customs duty, and value-added tax on the gross domestic product is examined using the ordinary least-square (OLS) multiple regression approach. To confirm the association, a multiple regression model is applied to time-series data. SPSS software, MS Excel, is used to draw the empirical results, trend analysis, and some graphical presentation to reach the study's objective. The findings show that while the value-added tax has a significant impact and the highest coefficient, regardless of country, income tax and customs duty may or may not be significant depending on the circumstances. It triggers effectual and efficacious economic growth. The paper has implications in policy-making areas where governments are seeking how to stimulate revenue growth effectively and efficiently. To promote economic growth, the tax net and tax rate on luxury goods should be increased along with human resources in the tax administration for the short term. But in the long term, decentralization & digitization of tax administration, dismantling the existing tax barriers and good governance are necessary.

Comparative Experimental Study on the Evaluation of the Unit-water Content of Mortar According to the Structure of the Deep Learning Model (딥러닝 모델 구조에 따른 모르타르의 단위수량 평가에 대한 비교 실험 연구)

  • Cho, Yang-Je;Yu, Seung-Hwan;Yang, Hyun-Min;Yoon, Jong-Wan;Park, Tae-Joon;Lee, Han-Seung
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.11a
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    • pp.8-9
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    • 2021
  • The unit-water content of concrete is one of the important factors in determining the quality of concrete and is directly related to the durability of the construction structure, and the current method of measuring the unit-water content of concrete is applied by the Air Meta Act and the Electrostatic Capacity Act. However, there are complex and time-consuming problems with measurement methods. Therefore, high frequency moisture sensor was used for quick and high measurement, and unit-water content of mortar was evaluated through machine running and deep running based on measurement big data. The multi-input deep learning model is as accurate as 24.25% higher than the OLS linear regression model, which shows that deep learning can more effectively identify the nonlinear relationship between high-frequency moisture sensor data and unit quantity than linear regression.

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Public Sector Volunteerism

  • Valero, Jesus N.
    • Journal of Contemporary Eastern Asia
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    • v.16 no.1
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    • pp.82-92
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    • 2017
  • The objective of this study is to analyze the relationship between organizational capacity and the use of firefighter volunteers by volunteer fire departments within local/county governments. The study is based on a nonrandom sample of 213 U.S. volunteer fire departments within local governments. The fire chief of these fire departments responded to an annual survey conducted by Firehouse Magazine in 2010 and 2011. This study uses OLS regression analysis to assess the impact of organizational capacity (measured as annual budget) on the number of firefighter volunteers used by the volunteer fire department. There is evidence to suggest that organizational capacity has a positive and statistically significant effect on the number of volunteers used among U.S. volunteer fire departments. This study extends current literature on public volunteerism by analyzing factors that explain variation in the use of volunteers by local governments, specifically fire departments. Findings suggest that fire departments with greater resources in terms of revenue are more likely to use volunteers.

Determinants of Quality of Financial Information: Empirical Evidence from Cement Sector of Bangladesh

  • Rahman, Md. Musfiqur;Hasan, Md. Mehedi
    • Asian Journal of Business Environment
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    • v.9 no.1
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    • pp.13-20
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    • 2019
  • Purpose - The purpose of this paper is to find out the determinants of the quality of financial information in the financial environment of the cement companies of Bangladesh. Research design, data and methodology - This study considers a total of fifty-eight firm years as the sample from the seven listed cement companies of Bangladesh during the period of 2007 to 2015. This study applies the multivariate regression analysis including the pooled OLS, panel and controlling time. Results - This study finds that profitability and external financing are the two major explanatory variables in determining the quality of financial information. This study also finds that firm size and accrual quality don't have any significant influence on quality of financial information. Conclusion - This study observed that profitability of this sector which is much volatile and prone to be manipulated. Thus, this paper suggests that higher profitability needs more scrutiny while assessing quality of financial information. Finally, this study provides some indications for future research such as considering the listed firms of other sectors of Bangladesh or cross country comparison in different country setting.

An Analysis of Household Expenditures for Wedding, Funeral, Ancestor Worship, and 60th Birthday Anniversary (도시가계의 가정의례비 지출에 대한 관련요인 분석)

  • 이윤금
    • Journal of the Korean Home Economics Association
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    • v.36 no.9
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    • pp.35-47
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    • 1998
  • The purpose of this study was to investigate the effect of household characteristics on household expenditures on wedding, funeral, ancestor worship, and 60th birthday anniversary. Data for this study were from the 1996 Annual Report on the Family Income and Expenditure Survey. OLS regression analysis was used to identify the effect of household characteristics on money spent on family ceremony expenditures. The household income, age of head, education of head, and family size were all significant factors for understanding family ceremony expenditures. The results also indicated that additional income from wife's labor force participation was associated with lesser expenditures on family ceremony, while business income, asset income, and transfer income had no effects on this category. The effect of the third quarter of 1996 was significant on family ceremony expenditures, indication that households spent significantly less for this category in the summer than did in the winter, holding other factors constant.

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An Analysis of Consciousness toward Wedding Ritual: A Comparison of the Young and Old Generation (도시민의 혼례의식에 대한 관련요인 분석: 미혼남녀의 혼인적령기 자녀를 둔 어머니들의 비교를 중심으로)

  • 이윤금;서병숙
    • Journal of the Korean Home Economics Association
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    • v.37 no.4
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    • pp.111-124
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    • 1999
  • The purpose of this study was to investigate the effect of generation on consciousness toward wedding ritual and to compare the difference in their consciousness between the young and the old. Data were obtained from 489 individuals living in Seoul. OLS regression analysis was used to identify the effect of generation on consciousness toward wedding ritual. The effect of generation was significant in the consciousness of wedding procedures, while it was not significant in the consciousness of wedding expenditures, holding other factors constant. [t was also found that procedure-important style was associated with more expenditures on wedding. The findings of this study suggested that the materialism had an important effect on the consciousness of wedding procedures for both generations. Understanding these factors is useful for family resource management professionals and educators who develop educational programs to build desirable wedding culture in Korea.

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Factors Associated with Marital Conflict for Baby Boomers in South Korea

  • Sung, Miai;Byun, Joosoo
    • International Journal of Human Ecology
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    • v.14 no.1
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    • pp.103-113
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    • 2013
  • Using data from the 2010 National Survey of Korean Families (NSKF), we investigated factors associated with marital conflict for baby boomers in South Korea. Korean baby boomers are those born during the post-Korean War period from 1955 to 1963. OLS regression examined the marital conflict of these couples. Baby boomer couples reported that they experienced occasional marital conflict; subsequently individual and family level variables explained 15% of baby boomers' marital conflict. The key findings were that satisfaction in spousal communication was negatively associated with conflict for baby boomer couples. However, the existence of unmarried adult children was positively associated with baby boomers' marital conflict. Work and family balance was also negatively associated with marital conflict. We found that the more satisfied with communication with the spouse, the fewer unmarried adult children, and the more work and family balance the couple maintained, the less marital conflict these baby boomers experienced.

Relationship Between Supply Factors of Medical Care and Use of Bed (의료의 공급량과 병상이용량과의 관계에 관한 국제비교연구)

  • 정형선
    • Health Policy and Management
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    • v.5 no.2
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    • pp.18-34
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    • 1995
  • To clarify the relationship between the medical supply(medical persons and goods) and the use of bed, the author has made comparison among OECD 24 countries. Per Capita Bed-days can be divided into Average Length of Stay and Admission Rate, and these three variables were regressed upon both In-patient Care Beds of all medical institutions including acute somatic, psychiatric, special, nursing homes and other long-term care and Share of Total Health Employment in Total Employment. The result of regression analysis shows a statistically significant positive relationship between In-patient Care Beds and Average Length of Stay, and negative relationship between Share of Total Health Employment and Admission Rate. In addition to Ordinary Least Square(OLS) estimation, amended Bounded Influence Estimation(BIE) was also made to adjust the influence of outliers. Japan shows a very large number of In-patient Care Beds and a very low Share of Total Health Employment, and this medical situation is judged to have close relation to her long Average Length of Stay and low Admission Rate.

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