This paper applies current theory concerning the impact of irreversibility of investment, in order to test for the impact of uncertainty on investment expenditure for a middle income country. The contribution of the paper is unique in two respects. First, it employs dynamic heterogeneous panel estimation techniques not previously applied to investment functions. Second, it explicitly tests for ...

This cross-national study examines the relative importance of contextual factors facilitating e-health development in a nation. Moreover, this study examines the relationship between web presence and health development. Technology-Organization-Environment (TOE) framework and PEST factors of a firm are used as the guiding theoretical lens. Publicly available data from more than 50 countries are ...

This paper analyses Indonesia’s resource mobilisation and public expenditure policies against the backdrop of her inequality trends and macroeconomic policy evolution. It is argued that the country’s fiscal policy stance has been adversely impacted by her monetary and financial sector policies under an open capital account, with attendant regressive distributional implications. Juxtaposing the ...

According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure. As a consequence, governments shift their expenditures in favour of transfers and subsidies and away from capital expenditures. This expenditure shift is potentially enhanced by citizens’ preferences to be compensated for the risks of globalization (“compensation hypothesis”)....

Cash holding or the availability of cash is very important in a company so that must have good management system, especially companies are vulnerable to liquidity crisis. This study aims empirically examine effect capital expenditure, growth opportunities, and flow volatility on holdings. The research was conducted property real estate listed Indonesia Stock Exchange with total sample 30 compan...

We measure the United States capital stock of money implied by the Divisia monetary aggregate service flow, in a manner consistent with the present-value model of economic capital stock and asset pricing theory. The resulting measures differ substantially from the usual simple sum accounting monetary aggregates. We permit non-martingale expectations and time varying discount rates. Based on Bar...

The purpose of this study is to determine the effect capital expenditure, investment, and Gross Regional Domestic Product (GRDP) primary sector, GRDP secondary tertiary sector on original local government revenue in Eastern Indonesia. This researchs a quantitative research using data. model estimated Weighted Least Square (WLS) method overcome classical assumption problems that occur model. res...