REVIEW ARTICLE | March 10, 2021
The Impact of Two-Child Policy on China's Fertility Level - Based on Logit Model
Mr. Xiaowen Xie
Page no 100-106 |
10.36348/sjef.2021.v05i03.001
Since the official implementation of the One-Child Policy in 1980, China has achieved remarkable results. With the intensification of the population aging phenomenon, the economic pressure caused by the serious inconsistency between the current economic level and the population growth rate cannot be ignored, and the ratio of male and female is seriously imbalanced. In this paper, using the 2013 and 2015 China General Social Survey (CGSS) data. From a micro perspective, using the Logit model to find the impact of China's implementation of the Two-Child Policy on the fertility rate. This paper finds 3 important conclusions: (1) individual socio-economic characteristics and Two-Child Policy have significant influence on women's fertility level; (2) The implementation of the Two-Child Policy has not shown a boost to China's overall fertility in the short term. The fertility policy is not enough for China's current situation; (3) more policies should be introduced to ensure the care and education of newborns in order to reduce the “cost” of rising a child.
REVIEW ARTICLE | March 13, 2021
The Impact of Economic Policy Uncertainty on UK Stock Market
Sediqi Khwaja Yousuf
Page no 107-113 |
10.36348/sjef.2021.v05i03.002
Take Baker’s Economic Policy Uncertainty Index, and use the generalized impulse response function method and variance decomposition method based on the vector autoregressive model to empirically analyze the impact of economic policy uncertainty on the price level and its classified price index. A systematic and in-depth study of the impact of economic policy uncertainty on UK stock market not only can effectively explain the characteristics of the “policy market” and “information market”, yet in addition significantly affects improving the proficiency of national decision-making, fortifying business sector oversight and settling the advancement of the financial exchange. From the perspective of the impulse response function, the exchange rate, CPI, and price indices of all categories are negatively affected by the uncertainty of economic policies. By constructing the VAR model, the impact of economic policy uncertainty on the stock market is studied from the perspective of yield and volatility. Starting from the mean spillover test, the VAR model is estimated, and the Granger causality test, impulse response, and variance are used. By means of decomposition and other supplementary arguments, it is concluded that economic policy uncertainty does not have an average spillover to the stock market, and in turn, stock index returns are Granger reasons for changes in the EPU index.
ORIGINAL RESEARCH ARTICLE | March 1, 2021
Analysis of Changes in Cost Recovery Scheme towards Split Gross in Oil and Gas Companies in ETB Field
Ravena Galuh Karisma, Nengzih Nengzih
Page no 114-125 |
10.36348/sjef.2021.v05i03.003
This study aims to determine the analysis of changes in the cost recovery scheme against the gross split of oil and gas companies in the ETB field. Based on previous research, it can be seen that the comparative analysis of the Change in Cost Recovery Scheme to the Gross Split has found that the Gross Split Scheme is superior to the Cost Recovery Scheme. This study took the population and samples from PT Pertamina, the ETB Field subcontractor. These results indicate that Product Sharing Contract (PSC) Gross Split is considered to be superior compared to PSC Cost Recovery and is feasible to implement because this indicator shows a fairly good sensitivity.
ORIGINAL RESEARCH ARTICLE | March 30, 2021
The Moderating Effect of Government Policy on the Relationship between Revenue Collection Practices and Financial Accountability of Rorya District Council in Tanzania
Charles Kitamuru Chacha, Dr. Andrew Nyangau, Dr. Mong’are Omare
Page no 126-132 |
10.36348/sjef.2021.v05i03.004
Based on local government medium term expenditure framework (MTEF) model, financial accountability results is a continuous set of activities and operations related with provision of goods and services to customers and benefits accumulated from payments of goods and services. The purpose of study was to analyze the effects of revenue collection on financial accountability of Rorya District Council in Tanzania. The specific objective was to analyze the effect of cess collection on financial accountability in Districts Council in Tanzania. The study used cross-sectional survey research design. The target population of 760 Rorya District council members was used. Stratified sampling technique was used to determine the sample size of 288 respondents. Closed ended questionnaire was used to collect primary data arranged using 5 point scale likert scale. Descriptive statistics was used to analyze data and inferential to make inferences. The result was presented by tables and figures. The study found that cess collection was from fishing (Sangara) and was well achieved. The study recommended that cess collection revenues should be improved by the set target compatible with all customer fees. Further, the study recommends further research can be done on the impact of revenue collections in rural and urban local authorities in developing countries.