Volume 10, Issue 3, September 2021

  • Public Debt and Economic Growth in Sub-saharan African Countries: A Panel Data Analysis

    Melkamu Welde Geleta

    Issue: Volume 10, Issue 3, September 2021
    Pages: 68-78
    Received: 22 May 2021
    Accepted: 10 July 2021
    Published: 21 July 2021
    Abstract: Most studies made on the effect of public debt on economic growth especially in high or middle-income economies separately or in both argues that debt has positive effect at early stage and then negative after some threshold beyond which it deteriorate economy (Laffer curve effect). In less developed countries like sub Saharan African (SSA) countri... Show More
  • On the Country of Origin Effect of Eco-Label

    Yingjun Xu

    Issue: Volume 10, Issue 3, September 2021
    Pages: 79-86
    Received: 4 July 2021
    Accepted: 13 July 2021
    Published: 27 July 2021
    Abstract: With the rapid development of global industrialization and urbanization, the ecological problems is increasingly aggravating. The consumers’ demand for safety and environment friendly food is increasing. Taking organic tomato as an example, we design the choice experiment to acquire 847 consumers’ relevant data from Shandong province, and use the r... Show More
  • The Role of Inclusive Finance in the Quest for Inclusive Growth

    Israël Sawadogo, Ndiack Fall

    Issue: Volume 10, Issue 3, September 2021
    Pages: 87-93
    Received: 25 May 2021
    Accepted: 8 June 2021
    Published: 24 August 2021
    Abstract: This paper aims to assess the effect of inclusive finance on the level of inclusive growth in West African Economic and Monetary Union (WAEMU) countries. For that purpose, a synthetic indicator for inclusive growth is elaborated. Then, this indicator is used as an endogenous variable in a dynamic panel model including the main factors of the financ... Show More
  • An Analytical Expression for Credit Valuation Adjustment Pricing with Wrong-Way Risk

    Kelin Pan, Chandra Khandrika

    Issue: Volume 10, Issue 3, September 2021
    Pages: 94-104
    Received: 23 May 2021
    Accepted: 9 June 2021
    Published: 6 September 2021
    Abstract: Recently, financial institutions were required to provide the financial derivatives instrument level credit valuation adjustment (CVA) by the new accounting standard. CVA trading desks are facing difficulties to calculate a netting-set level CVA with wrong-way risk (WWR) since the dynamics of the exposures and probability of default (PD) are separa... Show More