Open Access Original Research Article

The Role of Total Number of Floors under Age Influencing Residential Price Utilizing the Mediation Analysis

Ho-Wen Yang, Hsien-Chi Hsieh

South Asian Journal of Social Studies and Economics, Page 1-9
DOI: 10.9734/sajsse/2020/v7i230185

We examine here how does age and total number of floors affect residential prices in Taichung City Taiwan. In recent years, with the increase in land prices and the improvement of construction technology, number of floors in multi-family residential towers has also increased in Taiwan. There are many factors that affect the transaction price of multi-family residential towers. The research object of this study is 2,500 transaction data of 22 multi-families residential towers in the most densely populated area near Zhongke Shopping Plaza in Xitun District, Taichung City April 2012 to March 2019. First, this study uses the hedonic pricing model explore the significance of factors that affect the transaction price of multi-family residential towers with residential prices as the dependent variables, number of floors, age, land transfer area, building transfer area, story as independent variables. Then this study uses causal steps and bootstrapping to check the intermediary effect of number of floors between age and residential price. The statistical results found that number of floors, age, land transfer area, and building transfer area all significantly affect residential price. This study found that age affects residential price through number of floor height that represent number of floors playing the role of full mediation between age and residential price.

Open Access Original Research Article

Impacts of Change of Supervisors on Effective Conduct of Senior School Certificate Examinations in Central Senatorial District of Ondo State, Nigeria

Ige Akindele Matthew, Olofinsao Ogochukwu Chika

South Asian Journal of Social Studies and Economics, Page 10-20
DOI: 10.9734/sajsse/2020/v7i230186

The change of supervisors is noticeable during the conduct of Senior School Certificate Examinations in Nigeria. This study investigated the impacts of such change on the effective conduct of SSCE in Public Secondary Schools, with a focus on the Central Senatorial District of Ondo State. It adopted a combination of descriptive and survey designs. The 107 Public Secondary Schools in the district, constituted the main population while the government-appointed and full-time teachers in the schools, who were supervisors of SSCE were targets. One question was raised while two hypotheses were formulated for the study. A self-developed questionnaire, validated and tested for reliability (r-0.85) was used to collect data, which were analyzed using the Statistical Package for Social Sciences (SPSS). Hypotheses were tested using a chi-square statistic. It was found among others that a change of supervisor impacted in the areas of transportation of the supervisor, causing additional fund for the conduct of the examinations, as well as stress for the supervisor. No significant difference was found in the perception of male and female teachers (supervisors); highly experienced and less experienced teachers, on the impacts of the change of supervisors on effective conducts of SSCE. Provision of transportation means and adequate security for supervisors, to guarantee their safety; and examination materials, among others, are recommended.

Open Access Original Research Article

Exchange Rates Fluctuations and International Trade in a Mono-product Economy: Nigeria’s Experience, 1986-2018

Kalu, UKo Kalu, Anyanwaokoro, Mike

South Asian Journal of Social Studies and Economics, Page 21-48
DOI: 10.9734/sajsse/2020/v7i230187

This study sought to examine the effects of Exchange Rate on the International Trade in a Mono-Product Economy: Nigeria’s experience 1986–2018 Nigeria has a large population and as a nation, she imports virtually everything including toilet tissues and toothpicks. In fact, in some quarters, the consumption of imported goods has become a status symbol. With few functional manufacturing firms, her major foreign Exchange earner being Crude Oil accounting for over 70% of her foreign exchange earnings has suffered consistent price decreases and even showing no signs of recovery. Holding to her inability to process sufficient quantities of the Crude for local consumption, a large chunk of the foreign Exchange earned is spent in importing processed Petroleum Products from other Countries. Furthermore, the Citizens’ uncontrollable and insatiable appetite for imported goods(ranging from food to fodder, to electronics, Ceramics and all sorts of building materials including raw materials, to automobiles and worst of it all Medical Tourism) including so many ostentatious items has put further strain on her foreign exchange and by implication the Exchange Rate of the Naira. Ex post facto method was adopted In order to test the hypothesis, the researcher adopted Augmented Dickey Fuller, Vector Error Correction Model and co-integration tests. Adopting a VECM and Co-integration framework with particular focus on the Nigerian economy, the following findings were made: Nigerian Economy shared a long run co-integrating relationship with the studied international trade related variables, Nigerian economy adjusts at 81% to the shocks and dynamics of the exchange rate and its correlates and a causal relationship exists between export and exchange rate and all the studied variables in the block exogeneity form. It was recommended that: CBN should continue with the reduced Exchange Rate on Agriculture and other Manufacturing activities as this is capable of increasing Investment which will result in increased Foreign Exchange earnings through export of Agricultural products and even other made –in-Nigeria products, Firms should be licensed to build refineries for processing of Our Crude Oil, this will make refined petroleum Products available, and affordable thereby eliminating the endemic fraud embedded in subsidy payments. Provision of adequate infrastructure in the Country especially in the areas of Power and Medicare; this will go a long way in assisting manufacturing firms as well as reduce the cost of Medical Tourism.

Open Access Original Research Article

Financial Education and Consumer Financial Planning: Evidence from China

Fuzhong Chen, Tianyi Zhang, Jin’ge Ma

South Asian Journal of Social Studies and Economics, Page 49-60
DOI: 10.9734/sajsse/2020/v7i230188

The purpose of this study is to examine the impacts of financial education on consumer financial planning. Using data from the 2012 Household Consumer Finance in China’s Urban Residents, this study conducts logistic regression to investigate the associations between financial education and consumer financial planning. The results indicate that financial education is positively associated with consumer financial planning. Moreover, the money and time input in financial education has also been proven to have positive effects on consumer financial planning. The findings suggest that the money input in financial education has played a more vital role in improving consumer financial planning than the time input in financial education. The results imply that the improvement of financial education is conducive to improving consumer financial planning. Furthermore, the results also have implications for policymakers to take measures in enhancing financial support for consumer financial education.

Open Access Original Research Article

When do you Retire? Examining Intended Retirement Age Decision among Public Sector Employees in Sri Lanka

L. A. Pavithra Madhuwanthi

South Asian Journal of Social Studies and Economics, Page 61-72
DOI: 10.9734/sajsse/2020/v7i230189

With the growing number of ageing population in Sri Lanka and continuous expansion in the public sector employment tend to create dynamic consequences on the economy. While mandatory retirement age in the public sector is forcing the employees to quit from the job yet rising ageing population in the country is seeking for employment opportunities for retirees. Hence, the objective of this study is to find out factors affecting intended retirement age decision among the public sector employees in Sri Lanka. The theoretical lens used in the study is theory of planned behaviour. This is a quantitative study which applied stepwise regression and path analysis to examine the factors affecting intended retirement age. The sample was consisted of 400 staff grade public sector officials and conducted a survey through a self-administered questionnaire. The results indicated that perceived health and attitudes of the employees towards the retirement are the major factors influenced on intended retirement age decision among the public sector employees. Employees’ job satisfaction and family relationships have some impact whilst anticipated financial position has a minor impact on intended retirement age. The findings indicated the public sector organizations need to introduce health insurance schemes for employees and to maintain an attractive organizational environment and friendly organizational culture to inculcate positive attitudes towards working environment in order to delay the retirement of the employees.