Scientific Annals of Economics and Business
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Temporal Restriction and Interest for the Elderly on Cultural Participation. The Case of Spanish Performing Arts 2019
Get PDFThis paper discusses the relationship of cultural participation in performing arts with the manifested interest. Using the data set from the Cultural Habits and Practices Survey 2018-2019 a binary probit model has been applied for the analysis. Emphasizing the role of aging in participation, especially for the group of the elderly and very old. The age variable is one of the most difficult variables to apprehend, in which the cohort effects, age itself and period should be considered. This paper is an approach to the study of the aging effect on cultural participation, which would be continued with the analysis of the Surveys in previous years. This work shows that there is no homogeneous behavior between participation and interest within the different performing arts. Presenting some of them differentiating features
Who Participates in Popular Feasts and Festivals? An Empirical Approach from Cultural Economics Applied to the Carnival of Barranquilla (Colombia)
Get PDFThe empirical analysis of individual participation in local and popular feasts and festivals is a field little explored by cultural economists. This article proposes a methodological scheme to analyse the profile of the participants in local and popular feasts and carnivals, allowing the establishment of a taxonomy that captures the heterogeneity of the participants replicable to other festivities and carnivals around the world. Similarly, participation equations that allow the analysis of the influence of context variables on individual decisions to participate in these types of events are estimated. For this, the Carnival of Barranquilla, the largest and most representative popular celebration in Colombia and declared by UNESCO as Intangible Cultural Heritage of Humanity, is used as a case study. The data were obtained from the Citizen Perception Survey of the Barranquilla Cómo Vamos programme, which evaluates the quality of life and the fulfilment of development plans in that city, and an empirical strategy is employed consisting of the estimation of a probit discrete choice model, which allows modelling the individual decisions of a time-intensive good, such as a carnival, with a strong influence of traditional variables, such as cultural capital and the availability of leisure time, and other context variables: location of people in the territory, stratification and poverty. The different profiles found offer information on the different strategies that can be implemented from public policy to stimulate greater participation by the population in popular festivities and festivals
Introduction
Get PDFWe are pleased to present to the readers of the Scientific Annals of Economics and Business (SAEB) this special issue dedicated to the 1st Workshop on Popular Cultural Economics and Management (WPCEM) organized by the Escuela Universitaria de Osuna-Universidad de Sevilla (Spain) and Pontificia Universidad Javieriana Cali (Colombia) on June 2021.
The Workshop aims to discuss the contributions of academic research in economics and management, to the analysis and strengthening of the sectors and activities that integrate local and popular culture. The local and popular adjectives refer to the fact that these sectors and activities, for the most part, come from intangible heritage accumulated in the communities, with strong roots in their territories. The articles stand out for their theoretical and empirical quality. We also want to highlight the variety of the papers where you can observe different perspectives of the Popular Culture developed by a group of researchers from Europe and America
Productivity and Real Exchange Rate: Investigating the Balassa-Samuelson Effect and misalignment in Five African Countries
Get PDFThe study aims to investigate the validity of the Balassa-Samuelson Effect in a sample of five African countries, the Democratic Republic of Congo, Mauritius, Morocco, South Africa and Tunisia for the period 1991 to 2016. The study first estimates the equilibrium real exchange rate with variables real exchange rate, productivity, terms of trade and net foreign assets. Secondly, real exchange rate misalignment is derived and lastly, the effects of real exchange rate misalignment on economic performance are tested. For the methodology, the Fully Modified Ordinary Least Squares (FMOLS) and pool mean group econometric (PMG) techniques were utilised. The outcomes of the study indicate a valid Balassa-Samuelson effect in all five African countries and a negative effect of real exchange rate misalignment on economic performance. The study contributes to scientific progress by introducing an appropriate measure of total factor productivity in testing for the validity of the Balassa-Samuelson hypothesis.JEL Codes - C32; C51; F14; F3
Cultural Participation and Subjective Well-Being in Latin America: Does Ethnic-Racial Ascription Matter?
Get PDFCultural participation has been evidenced to bring several benefits to the well-being of individuals. However, the analysis of this relationship has been addressed mostly in the context of Westernized countries, without considering the diversity of populations in Latin America. Therefore, the aim of this manuscript is to explore the association between cultural participation and subjective well-being (measured by life satisfaction) in Latin America, considering ethnic-racial ascription. With data from the 2013 Latinobarómetro survey (n=20204), several ordered logit regression analyses were performed. Results suggest that read books, read news, attend movies, attend theater, visit heritage places, and participation in community celebrations are associated with life satisfaction. However, these relationships show differentiated patterns depending on the ethnic-racial ascription, which implies that the positive impacts of cultural participation cannot be attributed to all populations, highlighting a process of social exclusion where some individuals get benefits of cultural participation, while others do not
Assessing the Benefits of an ERP Implementation in SMEs. An Approach from the Accountant´s Perspective
Get PDFThe aim of the present study is to investigate by first-hand the level of satisfaction of the CEOs with the ERP system testing the benefits of its implementation on the company in four aspects, accounting, organizational, external or internal, that the adoption of an ERP system may entail to small and medium sized enterprises. A survey was designed to measure the accountants’ perception of the level of implementation of ERP in their companies. The sample consisted on 175 accountants from Spanish companies. To identify the best explanatory variables in order to test the hypothesis, a discriminant analysis for dimensionality reduction was used, choosing the factorial analysis. Finally, a post hoc analysis to investigate which factors affect the user satisfaction of ERP in business was carried out using multiple regression method (backward stepwise). The empirical evidence from a web-based survey with 175 Spanish SMEs confirms that an ERP system brings a variety of benefits including organizational, external and internal to an SME, and focusing on accounting there are a number of accounting benefits derived from ERP systems particularly for accounting process. The findings will be valuable to any business that wants to implement an ERP deeper in small businesses. This work significantly contributes to the existing body of ERP benefits knowledge to the SMEs in the light of the resource-based view, strengthens the literature about the topic because the use of theories in ERP literature in SMEs is still very limited.JEL Codes - M15; M4
Retracted Article: Artificial Intelligence and Economic Growth: A Theoretical Framework
Get PDFThe Editor in Chief, after consulting members of the editorial board, has retracted the article:
Wang, L., Sarker, P., Alam, K., Sumon, S. (2021). Artificial Intelligence and Economic Growth: A Theoretical Framework. Scientific Annals of Economics and Business, 68(4), 421–443. https://doi.org/10.47743/saeb-2021-0027
from publication because it contains material that overlaps in the mathematical model with the following article:
Huang, X., Hu, Y., Dong, Z. (2019). The macroeconomic consequences of artificial intelligence: a theoretical framework. Economics Discussion Papers, 2019-48. Kiel Institute for the World Economy. www.economics-ejournal.org/economics/discussionpapers/2019-48.
The corresponding author has requested that this paper is retracted from publication.
We received, peer-reviewed, accepted, and published this article in good faith based on the warranties of the corresponding author with respect to originality, publishing ethics and integrity.
The retracted article will remain online to maintain the scholarly record, but it will be digitally watermarked on each page as “Retracted”
Instagram: Balancing Information Asymmetry of the Tourism Industry
Get PDFThis study focuses on the use of Instagram by tourism companies. Specifically, it aims to analyze how Instagram empowers individuals over corporations in the digital dialogue, thus balancing the information asymmetry between corporations and stakeholders. Four categories of metrics have been collected to analyze the use of Instagram by companies: presence, impact, conversation, and influence. Additionally, OLS regressions have been performed to identify potential explanatory factors to explain the different behavior of each firm and its corresponding communities. While the use of Instagram by the selected firms is still scarce, significant results are as follows: corporations are using Instagram as an additional channel in their current communication; some explanatory factors account for significant differences in countries, size, and industries; and users are somehow reactive to the stream of pictures and texts disclosed by firms. The presence and impact of companies on Instagram are a highly important source for driving stakeholders’ conversation within the digital arena
Threshold Cointegration Approach for Assessing the Impact of US Economic Policy Uncertainty on Monetary Policy Decision of African Countries
Get PDFThis study uses threshold cointegration technique to ascertain the relationship between United States (US) economic policy uncertainty (EPU) and monetary policy rate (MPR) of each of the four African countries, namely Egypt, Ghana, Namibia and South Africa using monthly data from March 1998 to April 2020. The impact of US EPU on MPR of each country is assessed by examining the linear cointegration, asymmetric cointegration and causal relationships in the frequency domain between the US EPU and MPR of each African country. The findings provide evidence of long-run threshold cointegration and the adjustment mechanisms towards long-run equilibrium are asymmetric in the short run for the MPR models for Ghana, Namibia and South Africa in the M-TAR specification except for Egypt’s MPR model which does not provide evidence of asymmetric adjustment towards the equilibrium position. The bivariate analysis performed in the spectral frequency domain suggests unidirectional causality between US EPU and MPR of each country and that, the US EPU influences the MPR of each country in the long run. The findings provide important guidelines to monetary policy reviewers to take policy stance that would stimulate economic growth amid US policy uncertainties
Short-term Overreaction in American Depository Receipts
Get PDFIn this paper we examine for the first time the short-term predictability of American Depository Receipts (ADRs) in reaction to extreme price movements. Based on an analysis of 2,911 extreme price movements that took place within either normal trading hours or after-hours in the period 2001-2019, we conclude that those extreme returns were on average followed by significant reversals. This response represents an overreaction in prices, which challenges the weak version of the efficient market hypothesis. Price reversals are especially pronounced following extreme returns observed during after-hours, which lends support to the assertion that ADR markets are particularly inefficient during this trading period. These findings carry important implications for both market practitioners and regulators.JEL Codes - G11; G14; G1