The development of financial system in Uzbekistan over the last decade puts lots of challenging tasks for the managers of this financial institutions and regulatory bodies. These tasks on its turn demand application of new innovative approaches
into the banking system. As a reflection from these issues this paper seeks to apply relatively new method of performance measurement for this country called Data Envelopment Analysis (DEA).For measuring the efficiency it uses two basic DEA models under the assumptions of constant and variable returns to scale. By using these analyses it seeks to measure
and break down the efficiency levels of Uzbek banks during 2004-2006. The results have shown that the overall efficiency levels of banks on average decreased during
this period. Additionally, it breaks down overall efficiency level of the banks into that originating from the technical efficiency and scale efficiency. The study found
that the main source of inefficiency was due to the technical efficiency. By going further the DEA analysis was able to investigate the reasons for inefficiency for each
individual bank. It then compared the relative performance between the private, joint-stock and
foreign banks for which no significant divergence were found. The investigation of differences between the small, medium and large banks lead to the observation of significant difference between the small and medium sized banks.
The present paper examines the cost efficiency of Indian commercial banks by using a non-parametric Data Envelopment Analysis Technique. The cost efficiency
measures of banks are examined under both separate and common frontiers. This paper also empirically examines the impact of mergers on the cost efficiency of banks that have been merged during post liberalization period. The present study
based on unbalanced panel data over the period 1990-91 to 2007-08. In this paper to test the efficiency differences between public and private both parametric and non-parametric tests are employed. The findings of this study suggest that over the entire study period average cost efficiency of public sector banks found to be 73.4 and for private sector banks is 76.3 percent. The findings of this paper suggest that
to some extent merger programme has been successful in Indian banking sector. The Government and Policy makers should not promote merger between strong and distressed banks as a way to promote the interest of the depositors of distressed banks, as it will have adverse effect upon the asset quality of the stronger banks.
This paper develops a small macroeconomic model of the Armenian economy. After setting up the model and its estimation, a number of macroeconomic scenarios is analyzed in the form of out-of-sample simulations. We analyze the transmissions in the model of a number of macroeconomic shocks and policy scenarios to obtain a
better understanding of their possible effects on the internal and external balance of the Armenian economy. A special focus is put on the role of exchange rate and monetary management and the inflow of remittances in the Armenian economy.
The present study endeavors to examine the validity of Wagner’s Law in India over the period 1950/51 to 2007/08. Six versions of Wagner’s hypothesis given by different economists have been estimated which support the existence of long-run relationship between economic growth and growth of public expenditure. Two
structural breaks have also been given to test the impact of structural changes in Indian economy on the growth of public expenditure. It has been found that the first structural break given for mild-liberalization period causes insignificant changes in the growth elasticity of public expenditure. However, the observed change in the elasticity due to the second phase of intensive liberalization is statistically significant. Nevertheless, the Wagner’s law is still supported during the intensive phase of liberalization given a significant fall in the elasticity. Empirical evidences regarding the short-run dynamics refute the existence of any relationship between
the economic growth and the size of the government expenditure.
Russia has ratified the UN Convention Against Corruption but has not successfully enforced it. This paper uses updated GTAP data to reconstruct a computable general equilibrium (CGE) model to quantify the macroeconomic effects of corruption in Russia. Corruption is found to cost the Russian economy billions of
dollars a year. A conclusion of the paper is that implementing and enforcing the UNCAC would be of significant economic benefit to Russia and its people.
In the context of policy reforms in the 1990s in general and three important amendments made to the Indian Patent Act (1970) in 1999, 2002 and 2005 in particular, the present paper makes an attempt to examine the impact of MA on financial performance of Indian pharmaceutical companies. It is found that the
profitability of a firm depends directly on its size, selling efforts and exports and imports intensities but inversely on their market share and demand for the products. However, MA do not have any significant impact on profitability of the
firms in the long run possibly due to the resultant X-inefficiency and entry of new firms into the market. In addition, in-house R&D and foreign technology purchase
also do not have any significant impact on profitability of the firms.
This note aims to achieve a parsimonious fractionally-integrated autoregressive and moving average (ARFIMA) model for recent time series data of Japan's unemployment rate. A brief review of the ARFIMA model is provided, leading to econometric modeling of the data in the ARFIMA framework. It is demonstrated that the preferred ARFIMA model is a satisfactory representation of the data and is
useful as a forecasting device.
The purpose of this study was to investigate the relationships between employee perception of equity and job satisfaction in the Egyptian private universities. Data were gathered using a face-to-face survey of 80 teaching staff members at three
Egyptian universities. Findings revealed positive relationships between perceptions of equity, where a "motivator" was the outcome in the comparison, and job satisfaction. The study also revealed that there was no relationship between perceptions of equity and job satisfaction where a "hygiene factor" was the
outcome in the comparison. This study is exploratory and findings are not conclusive. Its implications and limitations are discussed.
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