scholarly journals A Mismatch between External Debt Finances and Consumption Cost in Nigeria

2020 ◽  
Vol 6 (3) ◽  
pp. 58
Author(s):  
Cordelia Onyinyechi Omodero ◽  
Ben-Caleb Egbide ◽  
Joseph Ugochukwu Madugba ◽  
Benjamin Ighodalo Ehikioya
Keyword(s):  
External Debt ◽  
Cost Of Living ◽  
Goods And Services ◽  
Sufficient Food Supply ◽  
Consumption Cost ◽  
Foreign Loans ◽  
Secondary Form ◽  
The Government ◽  
Lending Institutions ◽  
The Cost

This study scrutinizes the influence of external obligation on the cost of living in Nigeria. In recent times, Nigeria has been tagged as the headquarters of world poverty due to the unaffordable cost of living that has resulted in all manner of crimes prevailing in the country. However, the role of foreign loans being contracted by the government in reducing consumption cost has become a concern, hence this investigation. This study made use of a secondary form of statistical records covering the period 2000–2018. The result of the data analysis has shown that external debt does not improve consumption cost, but rather aids the rising cost of living in Nigeria. In a nutshell, the study suggests that the government should invest a large chunk of the borrowed funds into agriculture and local manufacturing for sufficient food supply and provision of goods and services at reasonable costs. This study recommends support for infant industries and entrepreneurship to reduce the consumption cost in the country. The study also encourages the government to seek debt rearrangement or outright revocation by the lending institutions and countries.

A new index to measure cost of living for expatriates in cities

2018 ◽  
Vol 28 (3) ◽  
pp. 295-317
Author(s):  
Khee Giap Tan ◽  
Nguyen Trieu Duong Luu ◽  
Le Phuong Anh Nguyen
Keyword(s):  
New York ◽  
Hong Kong ◽  
Quality Data ◽  
Cost Of Living ◽  
Content Type ◽  
Goods And Services ◽  
Commercial Research ◽  
The Cost ◽  
Cost Of Living Index ◽  
The City

Purpose Cost of living is an important consideration for the decision-making of expatriates and investment decisions of businesses. As competition between cities for talent and capital becomes global instead of national, the need for timely and internationally comparable information on global cities’ cost of living increases. While commercial research houses frequently publish cost of living surveys, these reports can be lacking in terms of scientific rigour. In this context, this paper aims to contribute to the literature by formulating a comprehensive and rigorous methodology to compare the cost of living for expatriates in 103 world’s major cities. Design/methodology/approach A cost of living index for expatriates composed of the ten consumption categories is constructed. The results from the study covers a study period from 2005 to 2014 in 103 cities. More than 280 individual prices of 165 goods and services have been compiled for each city in the calculation of the cost of living index for expatriates. New York has been chosen as the base city for the study, with other cities being benchmarked against it. A larger cost of living index for expatriates implies that the city is more expensive for expatriates to live in and vice versa. Findings While the authors generate the cost of living rankings for expatriates for 103 cities worldwide, in this paper, the authors focus on five key cities, namely, London, Hong Kong, Singapore, Tokyo and Zurich, as they are global financial centres. In 2013, the latest year for which data are available, Zurich was the most expensive for expatriates among the five cities, followed by Singapore, Tokyo, London and Hong Kong. These results pertain to the cost of living for expatriates, and cities compare very differently in terms of cost of living for ordinary residents, as ordinary residents follow different consumption patterns from expatriates. Originality/value Cost of living in the destination city is a major consideration for professionals who look to relocate, and organisations factor such calculations in their decisions to post employees overseas and design commensurate compensation packages. This paper develops a comprehensive and rigorous methodology for measuring and comparing cost of living for expatriates around the world. The value-addition lies in the fact that the authors are able to differentiate between expatriates and ordinary residents, which has not been done in the existing literature. They use higher quality data and generate an index that is not sensitive to the choice of base city.

scholarly journals Effect of Remuneration on Employees Performance in the Ministry of Internal Security: A Case of Kisii County

2014 ◽  
Vol 4 (1) ◽  
pp. 223 ◽  
Author(s):  
Wilfred Nyanumba Onyancha ◽  
Charles Munene Elijah ◽  
Willy Muturi
Keyword(s):  
Empirical Study ◽  
Human Resource ◽  
Poor Performance ◽  
Cost Of Living ◽  
Internal Security ◽  
Reform Program ◽  
Long Time ◽  
The Government ◽  
The Cost ◽  
Resource Factor

Despite the fact that the Kenyan government had made efforts, achievements and remarkable developments in the Ministry of Internal Security for its success, the performance of the workforce was still poor and this could be due to poor remuneration of employees, whereby the salary scale had remained constant for a long time despite of the increasing cost of living in the country. And this had also demoralized the employees leading to poor performance in the Ministry which in the end could result into loss of the credibility of the government. When the cost-of-living rose, there was enormous pressure on employers to raise wages and salaries by the rate of inflation. The problem therefore was how to improve productivity of employees by providing the pay which could enable them to cope up with their purchasing power. It was therefore important for the organization to consider the salary system as a mechanism by which an organization could plan how to attract, retain, reward and motivate its salaried employees in order to enhance good performance in the Ministry. The human resource factor (particularly remuneration) lied at the very heart of the reform program. Subsequently, the need arose to undertake an empirical study to determine the effect of remuneration on employees’ performance at the Ministry of Internal Security.

scholarly journals Calculation of Unit Cost School Information System Development using ABC (Activity Based Costing) Method

2020 ◽  
Vol 3 ◽  
pp. 307-313
Author(s):  
Muhammad Fahson Hakim ◽  
Ahmad Sirojun Nuha ◽  
Widya Aini Lathifah ◽  
M. Ainul Yaqin
Keyword(s):  
Information System ◽  
System Development ◽  
Unit Cost ◽  
Cost Calculation ◽  
Activity Based Costing ◽  
Cost Information ◽  
Goods And Services ◽  
Management Concepts ◽  
The Government ◽  
The Cost

In developing an information system the school must determine a strategy in its development. Look for managers who are reliable in making decisions that are oriented to reliable development. One of the proper management concepts is cost accuracy. Accuracy of charging costs on cost objects is very important for users of cost information. Beside the accuracy, it is also needed to find out the cost per unit needed in the information system. This is intended to have a price benchmark for the development of information systems in the future. In this study the unit cost calculation uses the ABC (Activity Based Costing) method which emphasizes the cost calculation for the activities involved. The allocation of costs is based on salary data from trusted institutions, namely the Pedoman Standard Minimal 2019 by INKINDO. The results of this study get a total cost value of 18.407.082,00while the cost of each complexity is 5,301.00 with the standard cost of procurement of goods and services issued by the government and several survey institutions.

scholarly journals The effect of GST announcement on stock market volatility: evidence from intraday data

2019 ◽  
Vol 16 (3) ◽  
pp. 313-328
Author(s):  
Razali Haron ◽  
Salami Mansurat Ayojimi
Keyword(s):  
Stock Market ◽  
Global Financial Crisis ◽  
Market Volatility ◽  
Stock Market Volatility ◽  
Cost Of Living ◽  
Empirical Estimation ◽  
Content Type ◽  
Goods And Services ◽  
Intraday Data ◽  
The Cost

Purpose The purpose of this paper is to examine the effect of GST announcements (pre and post) on Malaysian stock market index. This study also utilised intraday data to look into intraday market volatility post-GST announcement. Design/methodology/approach Both daily closing prices and intraday data of different frequencies are used to capture the extent of stock market volatility as well as the subsided period of the volatility. The period of study ranges from June 2009 to November 2016 and empirical estimation is based on the GARCH (1, 1) model for the pre- and post-GST announcements. Findings Persistent market volatility in the post-GST announcement is empirically recorded and the volatility is higher in the post-GST announcement than the pre-GST announcement. This demonstrates the unwillingness and reaction of the market towards the tax policy implementation. Market expectation on GST implementation towards the increase in the cost of living following the increase in the prices of goods and services in Malaysia is empirically supported in the post-GST announcement. Practical implications The finding on this study is consistent with the expectation of the market that GST implementation will increase the price of the goods and services and hence increase the cost of living. This is supported by a noticeable increase in the stock market volatility in the post-GST announcement. Although GST announcement could be classified as a scheduled announcement, unwillingness to accept the policy prevails as shown by the increase in the stock market volatility. Originality/value The effects of Asian and global financial crisis are the major focus of past studies on stock market volatility, whereas this study examines and highlights the effect of the GST announcement on stock market volatility and the use of intraday data to further examine the nature of the volatility.

scholarly journals PENDEKATAN VALUASI EKONOMI UNTUK MENGHITUNG DAMPAK EKONOMI AKIBAT TUMPAHAN MINYAK DI WILAYAH PESISIR DAN LAUT

2017 ◽  
Vol 12 (1) ◽  
pp. 1
Author(s):  
Andrian Ramadhan ◽  
Siti Hajar Suryawati ◽  
Sonny Koeshendrajana
Keyword(s):  
Economic Impact ◽  
Oil Spill ◽  
Sea Water ◽  
Economic Valuation ◽  
Economic Loss ◽  
Economic Losses ◽  
Administrative Costs ◽  
Goods And Services ◽  
The Government ◽  
The Cost

Kejadian tumpahan minyak di laut bisa terjadi sewaktu-waktu dan dimana saja khususnya yang memiliki kedekatan dengan jalur perkapalan dan aktivitas pengeboran minyak. Hal ini menuntut kewaspadaan pemerintah sekaligus kemampuan untuk menanggulangi kejadian yang terjadi secara cepat. Seiring dengan itu, pemerintah juga harus segera dapat menghitung nilai kerugian atau dampak ekonomi yang ditimbulkan. Penelitian ini bertujuan untuk menyusun pedoman perhitungan dampak kerugian akibat tumpahan minyak dengan pendekatan valuasi ekonomi. Penilaian dengan pendekatan ini memberi keuntungan yaitu terhitungnya seluruh manfaat barang dan jasa yang hilang baik yang bersifat ekonomi langsung, ekologi maupun sosial budaya. Secara total nilai dampak ekonomi dihitung dengan memasukkan tiga komponen yaitu biaya kerugian ekonomi yang dikompensasi, biaya rehabilitasi dan biaya administrasi penghitungan kerugian.Tittle: Economic Valuation Approach for Calculating the Economic Impact Due to Oil Spill on Coastal and MarineOil spills in the sea water can occur at anytime and anywhere especially on sites are closely associated with shipping and oil drilling activities. This issue requires government vigilance and ability in order to cope with it responsively. The government must also be able to calculate the economic loss. The purpose of this research is to compose a guidance of economic valuation for oil spill economic impact. The use of economic valuation give advantages where the loss of all benefits of goods and services, that include economic, ecological and socio-cultural value, are comprehensively counted. In total, the economic impact is calculated based on three components: the cost of compensated economic losses, rehabilitation costs and administrative costs of calculating losses.

scholarly journals PERANCANGAN HUNIAN SEWA UNTUK MILENIAL DI PADEMANGAN

2020 ◽  
Vol 1 (2) ◽  
pp. 1433
Author(s):  
Fanuel Fang ◽  
Rudy Surya
Keyword(s):  
Green Space ◽  
Low Cost ◽  
Rental Housing ◽  
Common Phenomenon ◽  
Green Line ◽  
Cost Of Living ◽  
The West ◽  
Railroad Tracks ◽  
The Government ◽  
The Cost

Urbanization has become a common phenomenon in big cities, with the exception of Jakarta. Urbanites (the name for people who are urbanizing) usually come to Jakarta to get jobs with higher wages than their home regions. Although the cost of living in Jakarta is relatively expensive, large revenues are the main focus for them. This is what has contributed to the emergence of slums in the capital, as happened in Pademangan Barat Village. The majority of migrants dominated by millennials work as shop employees in Mangga Dua and labor convection. They occupy semi-permanent buildings in narrow alleys, even to the extent that they fill along the edge of the railroad tracks that pass in Pademangan, which should be a green line. The existence of such housing makes the West Pademangan Area seem dingy, crowded with buildings, and loses its green space. This is because the rental price is cheap and sufficient to meet the needs of residents who only need a temporary resting place. The government has actually provided low-cost flats in Kemayoran, but it seems influential in reducing these slum dwellings. Vertical rental housing which simultaneously provides shared facilities also plays a role as a green space to compensate for the density of buildings in Pademangan. So that not only intended for residents, but also can be used by the surrounding residents, where analyzed by the author to be located in 10th RW (citizen association) of Pademangan Barat. AbstrakUrbanisasi telah menjadi fenomena yang umum terjadi di kota besar, tanpa terkecuali Jakarta. Kaum urban (sebutan untuk orang yang melakukan urbanisasi) biasanya datang ke Jakarta untuk mendapatkan pekerjaan dengan upah lebih tinggi dibandingkan daerah asal mereka. Karenanya, pengeluaran selama berada di Jakarta diminimalisir sebisa mungkin, termasuk dalam hal memilih tempat tinggal sementara. Hal inilah yang ikut mengakibatkan munculnya pemukiman kumuh di ibukota, sebagaimana yang terjadi di Kelurahan Pademangan Barat. Para pendatang yang didominasi generasi milenial ini mayoritas berprofesi sebagai karyawan toko di Mangga Dua dan buruh konveksi. Mereka menempati bangunan semi dan non-permanen di gang-gang sempit, bahkan hingga memenuhi sepanjang pinggir rel kereta api yang melintas di Pademangan, dimana semestinya merupakan jalur hijau. Keberadaan hunian seperti inilah yang membuat Kawasan Pademangan Barat terkesan kumuh, padat dengan bangunan, dan kehilangan ruang hijaunya. Meski hanya berupa bangunan berbahan triplek kayu yang menumpang di dinding pembatas rel kereta, namun kamar-kamar yang disewakan ini begitu diminati bahkan hingga kelebihan kapasitas. Hal ini dikarenakan harga sewanya yang murah dan cukup untuk memenuhi kebutuhan penghuni yang hanya memerlukan tempat beristirahat sementara. Pemerintah sebenarnya telah menyediakan rumah susun murah di Kemayoran, namun tampaknya berpengaruh dalam mengurangi hunian kumuh ini. Hunian sewa vertikal yang sekaligus menyediakan fasilitas bersama, turut berperan sebagai ruang hijau untuk mengimbangi kepadatan bangunan yang ada di Pademangan. Sehingga tidak hanya diperuntukkan bagi penghuni, namun juga dapat digunakan oleh warga sekitarnya, dimana berdasarkan analisa penulis berlokasi di RW 10 Kelurahan Pademangan Barat.

scholarly journals IMPACT OF INFLATION ON THE COST OF LIVING IN INDIA

2021 ◽  
Vol 9 (09) ◽  
pp. 63-68
Author(s):  
Jahaan Singh Oberai ◽  
Deepak Sharma
Keyword(s):  
Cost Of Living ◽  
Goods And Services ◽  
The Cost ◽  
The Impact

An economy may be categorized as developed or developing, but Inflation is something which is common in both the types. Inflation is a phenomenon which cannot be avoided and is therefore a universal problem faced by all economies. If stated in simple terms, inflation is nothing but a constant rise in the prices of goods and services due to certain factors. The article critically examines the impact of inflation on the cost of living in India. All aspects of inflation are discussed in the following article.

scholarly journals A Pervasive Economic Fallacy in Assessing the Cost of Public Funds

2021 ◽  
Author(s):  
Marcel Boyer
Keyword(s):  
Public Sector ◽  
Private Sector ◽  
Interest Rates ◽  
Government Support ◽  
Support Programs ◽  
Public Funds ◽  
The Public ◽  
Goods And Services ◽  
The Government ◽  
The Cost

In the assessment of the cost of public funds, there is a pervasive economic fallacy that is frequently repeated in public policy circles: because the cost of borrowing is higher for a private-sector firm than it is for a public-sector firm, the cost of carrying out an activity (investment, production, distribution, provision of goods and services, and borrowing) will necessarily be lower ceteris paribus in the public sector than in the private sector. The statement is erroneous because part of the government’s cost of borrowing, namely the risk borne by citizens, customers, and taxpayers, is hidden from the casual observer of market interest rates or yields. The all-inclusive borrowing cost, more generally the all-inclusive cost of capital, is the same for both the public and the private sectors. I discuss four specific real cases in which the error is present: the Quebec Generations Fund, the Québec CDPQ Infra–Réseu express métropolitain project, the Infrastructure Ontario methodology to assess the riskiness of costs, and the BC Hydro Site C hydroelectric megaproject. I also discuss a general fifth case, namely government support programs for businesses (grants, loans, guarantees, subsidies, etc.), which are generally justified on the fallacious claim that the cost of financing is lower for the government than for the private sector. I propose an auction process by which the true cost of business support programs could be made transparent. I conclude with an appeal for a more rigorous use and management of public funds because miscalculation, misinformation, mismanagement, and fallacious analysis will eventually backfire.

A Complete Picture of Spatial Disparity in Cost of Living Index: A Case Study of Pakistan’s Cities

2021 ◽  
Vol 5 (1) ◽  
pp. 47-66
Author(s):  
Farrukh Mahmood ◽  
Shumaila Hashim ◽  
Hina Fatima
Keyword(s):  
National Average ◽  
Spatial Disparity ◽  
Cost Of Living ◽  
Goods And Services ◽  
Specific Factors ◽  
Micro Level ◽  
The Cost ◽  
Cost Of Living Index ◽  
Province Level

This study constructed the cost of living index by using all available data on 488 commodities of the 40 cities of Pakistan for the month of May 2019. Empirically, results revealed that there is a statistical difference in the cost of living index among cities from the standard of living. Based on the national average prices, the Islamabad is ranked at first, and Mirpurkhas, a city of Sindh, is at fortieth. Furthermore, Province wise highest cost of living is found in NWFP and lowest in Sindh. By employing national average prices that have aggregation bias; therefore, it is replaced by province-level prices; the ranking among cities within the province is changed. At province average prices, the highest cost of living index is found in Rawalpindi, Karachi, Abbottabad, and Loralai, and the lowest cost of living in Gujranwala, Mirpurkhas, Peshawar and Turbat, for the province of Punjab, Sindh, NWFP, and Baluchistan, respectively. This spatial disparity in the cost of living is mainly due to specific factors of production in a specific city as compare to other; Quetta is known as “fruit garden in Pakistan,” and Khuzdar is an agriculture-based city. Similarly, Karachi and Lahore have (i) high per capita income, and (ii) over-population are the factors of the high cost of living. Hence, in the light of the present study, it is suggested there is no single rule through which disparity in the cost of living can be overcome. Preferably the solution is laying at the micro-level, i.e., the disparity in the cost of living is mainly due to disparity in prices of same goods and services across cities, therefore by controlling prices of goods and services across the cities will suppress this disparity.

Yet More Maths Problems

2002 ◽  
Vol 179 ◽  
pp. 76-86
Author(s):  
Geoffrey Howson
Keyword(s):  
Mathematics Teachers ◽  
Mathematics Teaching ◽  
Teaching And Learning ◽  
Secondary Level ◽  
International Perspective ◽  
Cost Of Living ◽  
True Value ◽  
The Government ◽  
The Cost ◽  
Assessment Procedures

This article considers several key problems facing the teaching and learning of mathematics at secondary level. In particular, it studies the need for better defined aims for mathematics teaching; the standards currently being attained by students viewed from an international perspective; the validity of many of the assessment procedures on which the government places such emphasis; and the underlying problem, that of an insufficiency of well-qualified mathematics teachers — a problem that, for several decades, governments have chosen to ignore. Suggestions are made on how the various aims of mathematics education might be better met.‘Does “Mathematics for all” mean “No mathematics for all”?’ Title of a lecture given by J. de Lange in 1983.‘A calculator, …, a friend or an independent financial advisor can substitute for an education in mathematics for instrumental purposes’ (Bramall, 2000).‘Q. I would like to know the rate of inflation for the years since 1987 to the present time to work out the true value of my savings. Can you help?A. Certainly. Since 1987 the cost of living has gone up by 70 per cent. So £1 today is worth the equivalent of only 30p then.’ Reader's question and financial expert's answer in ‘Your money’, Saga Magazine, April 2001.

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