วารสารมหาวิทยาลัยราชภัฏยะลา Journal of Yala Rajabhat University 131 Government Expenditure and Economic Growth in ASEAN-5 Economies: an Autoregressive Distributed Lag (ARDL) Approach Hussin Abdullah* Muzafar Shah Habibullah** Siong Hook Law** ABSTRACT In this paper‚ we examine the relationship between components of government expenditure and economic growth in ASEAN-5 using the autoregressive distributed lag (ARDL) approach developed by Pesaran‚ Shin‚ and Smith. Bound testing approaches
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ANNEX 3 RULES OF ORIGIN FOR THE ASEAN–CHINA FREE TRADE AREA In determining the origin of products eligible for the preferential tariff concession pursuant to the Framework Agreement on Comprehensive Economic Co-operation between the Association of Southeast Asian Nations and the People’s Republic of China (hereinafter referred to as “the Agreement”)‚ the following Rules shall be applied: Rule 1: Definitions For the purpose of this Annex: (a) “a Party” means the individual parties to the Agreement
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| Currency devaluation and its effects on the economy | Focus on the Argentine economy | Agustina DalFabbro‚ Michele Mottola‚ Giuseppe Merlino‚ Saskia Diehl 26.05.2012 | Inhalt 1. Introduction 2 2. Convertibility and its problems in the 1999/2001 period 2 1.1 Previous Devaluation Process in Argentina 2 2. First moments of devaluation 3 2.1 Fixed exchange rate vs. floating exchange rate regimes 3 2.2 Two types of exchange rates and free floating currency 5 2.2 Free
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Hedging Currency Risks at AIFS The American Institute for Foreign Study (AIFS) is a foreign exchange program organization that provides 50‚000 students the opportunity to study abroad. AIFS serve American students traveling abroad to Europe‚ China‚ Mexico‚ and other locations. Therefore‚ AIFS receive cash inflows in dollars while they pay outflows in mostly Euros and British Pounds. The organization had $200 million in annual revenues. AIFS provides two main divisions: the College division primarily
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Global Virtual Currency Market 20142018 The Global Virtual Currency market to grow at a CAGR of 8.52 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing usage of social media and online games. The global virtual currency market has also been witnessing the increasing adoption of gamification. However‚ the increase in cyber threats could pose a challenge to the growth of this market. The Global Virtual Currency Market 2014-2018
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76 CHAPTER 7 CURRENCY FUTURES AND OPTIONS MARKETS This chapter describes foreign currency futures and options contracts and shows how they can be used to manage foreign exchange risk or take speculative positions on currency movements. It also shows how to read the prices of these contracts as they appear in the financial press. SUGGESTED ANSWERS TO CHAPTER 7 QUESTIONS 1. On April 1‚ the spot price of the British pound was $1.86 and the price of the June futures contract was $1.85. During
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is set on the equilibrium before the catastrophe and not under the equilibrium. 3. Describe at least two negative outcomes of having too little money and credit in the economy. (2-4 sentences. 2.0 points) * It would cause a scarcity of currency‚ leading to rapid deflation‚ and also‚ overproduction of goods means major markets would plummet in value‚ outbalancing demand‚ leading to major losses for the producers.
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Prejudice‚ money was as much a social currency as it was a means of exchange for goods and services. Money was often commensurate with social rank‚ yet there was a feeling against parvenus who worked for their fortunes. As the mark of an eligible bachelor or an avenue to gentility or a genteel career‚ money had a great part to play in the society in which Pride and Prejudice‚ a novel of manners‚ is set. "It is a truth universally acknowledged‚ that a single man in possession of a good fortune‚ must
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The kids are screaming‚ the bills are due and the pile of papers on your desk is growing at an alarming pace. It’s undeniable — life is full of stress. Understanding the types and sources of stress — big and small‚ short-term and long-term‚ internal and external — is an important part of stress management. So first what stresses you out‚ next take the right steps in dealing with the root of the problem‚ and last tackle the symptoms of the stress. Recognizing
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Major Themes The Vulnerability and Power of Goodness Goodness was a preoccupation of the littérateurs of the eighteenth century no less than of the moralists. In an age in which worldly authority was largely unaccountable and tended to be corrupt‚ Fielding seems to have judged that temporal power was not compatible with goodness. In his novels‚ most of the squires‚ magistrates‚ fashionable persons‚ and petty capitalists are either morally ambiguous or actively predatory; by contrast‚ his paragon
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