Asian Journal of Economics, Business and Accounting <p style="text-align: justify;"><strong>Asian Journal of Economics, Business and Accounting (ISSN: 2456-639X)</strong> aims to publish high quality papers (<a href="/index.php/AJEBA/general-guideline-for-authors">Click here for Types of paper</a>) in all areas of ‘Economics, Business, Finance and Accounting’. This journal facilitates the research and wishes to publish papers as long as they are technically correct, scientifically motivated.</p> en-US (Asian Journal of Economics, Business and Accounting) (Asian Journal of Economics, Business and Accounting) Wed, 04 Sep 2019 08:35:55 +0000 OJS 60 Nexus between Technical Efficiency and Financial Sustainability: Evidence from Small Scale Sunflower Oil Processing Firms in Tanzania <p>Studies on technical efficiency and financial sustainability of firms respectively, have captured the attention of many scholars in both developed and developing economies over several decades. There are patchy empirical evidences however, that link technical efficiency and financial sustainability of small scale agro-processing firms in the context of developing economies like Tanzania. Sunflower Oil Processing Firms are of no exception as the sub-sector is dominated by small scale firms with no well documented relationship between technical efficiency and their financial sustainability. This study was set to determine the relationship between technical efficiency and financial sustainability while controlling for staff productivity. The study used firm level cross-sectional data collected from 219 sunflower oil processing firms randomly selected in Dodoma and Singida regions. A Multiple Linear Regression Model was used in analysing the data. Technical efficiency scores were estimated using Stochastic Frontier Analysis (SFA) model. It was found that there exists a relationship between technical efficiency and financial sustainability of sunflower oil processing firms in Tanzania. The higher the technical efficiency the more Sunflower Oil Processing Firms will be financially sustainable. The findings of this study imply that improving technical efficiency levels is a pre-requisite for financial sustainability of Sunflower oil processing firms in Tanzania.</p> Anastasia R. Njiku, Ganka D. Nyamsogoro ##submission.copyrightStatement## Wed, 04 Sep 2019 00:00:00 +0000 Aggregate Earnings and (Un)employment Rate: Evidence from Nigeria <p>The purpose of this study is to investigate the association between aggregate accounting earnings of quoted Nigerian firms and (un)employment changes. This study examined the influence of selected macroeconomic variables on the relationship between aggregate earnings and (un)employment change. This study analyzes aggregated earnings of 101 quoted firms and (un)employment rate data from the year 2006 to 2017. Aggregated earnings yearly observations were used in this study, with each yearly observation equal to the cross-sectional sum of sample firms’ yearly earnings. Results show that corporate aggregate earnings growth is (negatively) positively and significantly associate with (un)employment changes. Selected macroeconomic indicators statistically and significantly influence the aggregate earnings growth association with (un)employment changes. Robustness of our analysis in this study allowed us to document in strong terms that in an emerging economy, corporate aggregate earnings significantly associated with (un)employment (i.e., as corporate earnings increases, more investment will be made, and job seekers will be employed thereby reducing the unemployment rate). One implication of our results is that aggregate accounting earnings contain information about (un)employment changes in Nigeria. Our results suggest that effective monetary policies aimed at reducing inflation and interest rate as well as enabling economic policies encouraging and efficient mobilizing of fund from surplus side to deficit side of the economy will reduce unemployment and lead to employment.</p> Ndubuisi Odoemelam, Ofoegbu, N. Grace, Okafor, G. Regina ##submission.copyrightStatement## Thu, 05 Sep 2019 00:00:00 +0000 A Comparative Study on the Impact of Telecommunication Investment on Economic Growth in EU Vis-à-vis Non-EU OECD Countries: A Dynamic Panel Data Analysis <p>This study aims to comparatively investigate the effects of telecommunication infrastructure on the economical growth in OECD countries. For this purpose, OECD countries were divided into two groups i.e. European Union (EU) and non-EU OECD countries for the period of 1993-2013. Findings of dynamic panel data model showed that investment on the telecommunication infrastructure has more positive effect on EU OECD countries than non-EU OECD countries. Since telecom appears as the key sector to fuel growth because it is associated with information technology and all ramifications of computer based applications and mobile communication, all countries at all development levels are proposed to focus on investing in these sectors the opposite of which hinders growth.</p> Hakan Oztunc, Erkan Demirbas, Mehmet Orhan ##submission.copyrightStatement## Sat, 07 Sep 2019 00:00:00 +0000 Macroeconomic Policies and Health Status in Nigeria <p>This study investigates macroeconomic policies and health status in Nigeria. With the objective of ascertaining the most viable macroeconomic policy variables on health status of Nigerians, the study utilized secondary annual time series data spanning the period of 37years from 1981 and 2017. To test the existence of unit root in the series, the ADF stationarity test was carried and the result shows that all series were I(0) and I(1). The Johansen Co-integration results from the trace test and maximum eigen value indicate the presence of at least three co-integrating equations in the model, implying that a long run relationship exists between health status and macroeconomic variables. The bound test also corroborates the existence of long run association among the variables. Empirically, the estimates ultimately confirmed that public capital expenditure, domestic debt and financial deepening have long run significant impact on health status in Nigeria. Inflation is the only macroeconomic variable that does affect health status significantly. On the basis of the empirical findings, the study thus recommends that for health outcomes in Nigeria to improve, appropriate macroeconomic policy mix should be focused on capital expenditure, domestic debt and financial inclusion (making funds available to the poor and vulnerable in the society).</p> Kelani Fatai Adeshina, Onochie, Stanley Nwabuisi, Odumosu Adefunke Adetutu ##submission.copyrightStatement## Fri, 13 Sep 2019 00:00:00 +0000