Journal of Global Economics, Management and Business Research
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ECONOMIC GROWTH AND STOCK MARKET IN NIGERIA: VECTOR ERROR CORRECTION MODEL APPROACH
No full textThe contribution of stock market to economic growth is crucial for countries where incomes and hence domestic savings are particularly low, like Nigeria. They needed external capital for investment and to promote their economic growth and development. A country with relatively strong and robust stock market attracts more and rapid economic growth and development than one with weak and fragile stock market. This research study examines the economic analysis of impact of stock market on the economic growth in Nigerian economy between 1981 and 2020. The study used vector error correction model(VECM) to determine the relationship between economic growth and some key indicators of stock market. ADF Unit root and Johansen Cointegration tests were conducted on the time series data used for this study to ascertain if they are stationary and cointegrated to avoid spurious regression and correlation associated with non-stationary time series variables. The tests reveal that all the variables; (GDP,MCAP, TLEGS, TNI , and TVTS) were non-stationary but integrated of order one i.e. I(1). Results show that indicators of stock market( MCAP, TVTS,TLEGS,TNI) had positive impact on economic growth. Except coefficient of TVTS that was statistically insignificant at 0.05, findings reveal that the coefficients of all other explanatory variables(MCAP, TLEGS and TNI) were statistically significant at 5 per cent. The coefficient of error correction term was rightly signed and significant. The pairwise granger causality tests show bi-directional causalities between each of (MCAP, TLEGS, TNI) and economic growth and vice-versa but no causality running from TVTS to economic growth and vice-versa. Based on these findings, this study recommends among others that a better and functional intuitions must be in place. This is to oversee institutional and regulatory reforms in the stock market
A STUDY ON THE REFLECTIONS OF RURAL APPROACHES OF THE CONSUMPTION OF ECO-FRIENDLY PRODUCTS IN KERALA
No full textGlobal environmental conservation is a non-negotiable goal for all governments on the planet. As a result of the depletion of natural resources, a number of environmental challenges have arisen. Eco-friendly items are not damaging to the environment, and they also aid in the reduction of concerns, particularly those related to health, as well as the development of green thinking and social responsibility. The aim of the study is to understand the socio-economic conditions of the Eco-friendly products used consumers and the reflections of consumers towards the Eco-Friendly products. Only eco-friendly product users were chosen as a sample response for the study. The findings suggest that there is a favorable association between occupation, education, and the buying of environmentally friendly products. To promote and enhance the purchasing behaviour of eco-friendly items, more and more campaigns and advertisements were required. Environmentally friendly products are purchased based on their attributes, and their use can lessen adverse impacts on humans and the environment. Psychological, social, cultural, economic, and personal aspects all influenced people\u27s attitudes toward environmentally friendly items
IMPACT OF DİGİTAL TRANSFORMATİON ON THE LABOR MARKET: A REVİEW
No full textThe formation of the digital economy puts on the agenda the issue of training personnel with new competencies and qualifications that meet its challenges and requests. The paper deals with the transformation of the labor market and labor relations under the influence of the fourth industrial revolution. The problems that the labor market will face in the context of the digitalization of the economy have been studied. The factors influencing the dynamics of unemployment are revealed. The processes of changing the relationship between workers and employers in connection with the expansion of the scale of the digital economy are analyzed
COMPARATIVE COMPARISON OF TELEWORKING BETWEEN IRAN AND CANADA
No full textExtensive and rapid advances in technology have had a variety of effects on various areas of human society, including ways of doing work and job duties. Teleworking is a new way of doing things that has various benefits at the personal and organizational level. In this paper, we examined the theoretical and practical perspectives of teleworking. We have studied the advantages and disadvantages of telecommuting, especially in developed countries where the administrative system is continuously improved, in statistical reports. These reports show that despite, the necessary infrastructure, teleworking has not been sufficiently used. There was also a survey conducted by a government agency to surveying employees about whether they were willing to work. A comprehensive definition of teleworking is a choice of how to do work, which allows employees to do all or part of their work outside the work environment, meaning that people can communicate from their home, from a remote communication center, and do their homework near home or at work [1]
PROBLEMS AND CAUSES OF ECONOMIC GROWTH STIMULATION IN BULGARIA
No full textThe Bulgarian government begins a set of stimuli to accelerate economic growth. The overall aim of the study is to identify and analyze the problems hampering the economic growth in Bulgaria. The specific objectives of the study are: to estimate economic development of the Republic of Bulgaria between 2008 – 2017 years (after accession of the country to the European Union); and to rank the macroeconomic and efficiency-dependent factors that hindered the success of the economic stimulus program. To achieve these objectives, the study analyzes data on economic development of the Republic of Bulgaria, the European Union, separate member countries of the EU, and foreign experience. The articles are researched using key words and following a predefined inclusion and exclusion criteria. It is found out that the key economic problems of Bulgaria are trade deficit and attraction of foreign investments. On deficits, the study identified main reasons for emergence and existence of foreign trade deficit in the country: the competitiveness of national economy and Bulgarian manufacturers, innovation development, economy structure, entrepreneurship support, and infrastructure development. On FDI, the study identified low efficiency as the major cause of problems. To eliminate the detected problems and disparities in Bulgarian national economy development in relation to the development of economic system in the European Union, the study recommends how effectiveness of Bulgarian national economic stimulation can be enhanced
OUTPOURING OF FOREIGN DIRECT INVESTMENT IN NIGERIA: PUSH OR PULL?
No full textForeign direct investment is sensitive to domestic and external factors. The sensitivity to external factors means changes in global productivity levels (financial sentiments) may produce a substantial impact on foreign direct investment in Nigeria has been one of the key subjects in the extent of literature. The study is aimed at investigating the pull and push factor determinants of foreign direct investment in Nigeria. The study adopted the Autoregressive Distributed Lag Approach to achieve the long and short-run determinants. The study uses secondary data sets from 1986 to 2018 with the application of EViews 9 output to analyze data. The result shows that foreign direct investment is sensitive to pull (depreciation of exchange rate and interest rate) and push factors (US gross domestic product and US interest rate) in the long and short run. The study concludes that foreign direct investment into Nigeria is due to ‘pull’ factors rather than ‘push’ factors. The implication of the study showed that foreign direct investment flow surges cannot be denied in determining the macroeconomic performance in Nigeria. The choice of foreign direct investment seems to future more in Nigeria’s economy. Understanding of the factors that drive foreign direct investment can inform efforts by government and experts on how best to attract foreign direct investment to Nigeria. The study concluded that the fluctuation in Foreign direct investment is determined by both domestic and global factors. These factors have a different level of volatility on foreign direct investment. Therefore, the study recommends the judicious management of the pull factor determinants to guarantee internal economic especially at this time when the Nigerian economy is facing a continuous fall in global crude oil price
EXAMINING THE CHARACTERISTICS OF SALES AGENT IN DEVELOPING LIFE INSURANCE CUSTOMER LOYALTY: A CASE STUDY OF STATE LIFE INSURANCE CORPORATION OF PAKISTAN
No full textIn insurance sector attracting and maintaining customer is too much difficult. Now a day’s flow of information is too much, so it will hard to get customer loyalty. Peoples are more informed and knowledgeable. The marketing department of insurance sector pay strong focus in attaining customer loyalty. This research is carried out to explore the relation of sales agent characteristics, relational selling behavior and relationship quality with customer loyalty. From the population cluster sampling method was used to select the sample. Total 500 questionnaire was sent to selected sample. The questionnaires were evaluated on SPSS and SmartPLS3. Confirmatory factor analysis (CFA) was used to estimate discriminant validity, convergent validity and reliability. The reliability coefficient of sales agent characteristics was (0.869), relationship quality was (0.884), relational selling behavior was (0.860) and customer loyalty was (0,881)
DETERMINANTS OF INTRA–ECOWAS REGIONAL FOOD TRADE: AN AUGMENTED GRAVITY MODEL APPROACH
No full textThe study identified the determinants of Intra–ECOWAS regional food trade using and augmented gravity model approach. The study was carried out to identify the key determinants of food trade within the ECOWAS trade bloc, with the aim of providing information that can be used to formulate policy for promoting food trade within the region. The study used secondary data which covered a period of 49 years between 1970 and 2018. The study revealed that the key determinants of food trade between trading countries within the region were reported to include their GDPs, local food productions, local food consumption, their level of openness to trade, their exchange rates, as well as the distance between them. It was recommended that policy reforms in the areas of exchange rate and transportation should be facilitated in all the ECOWAS Member States in order to further promote food trade within the region
STRATEGIC HUMAN RESOURCE MANAGEMENT AND ITS IMPACT ON BANK’S PERFORMANCE
No full textThe importance of strategic planning and management as increased significantly in recent times. It is a means of enhancing organizational competitive advantage. In a swiftly changing competitive environment, human resources are one important source of competitive lead for an organization. However, linking to strategic planning and management, human resource management should be strategic that guarantees positive firm performance outcome. It has become even more necessary in the financial sector, especially for the banking and financial institutions, because of the integration of global financial systems and the resultant increase in competitiveness. Nepal has an established banking system with main challenge to strategic management of human resources and directly implicating to survival of the banks depend on its performance. In this view this study aims at exploring strategic human resource management practices and examining the impact of strategic human resource management practices on organizational performance of commercial banks in Nepal. This study uses a quantitative approach towards descriptive and explanatory casual research design with 6 numbers of banks and 507 numbers of employee as sample. It was found that strategic human resource management practices are a vital element in consideration of increasing the financial performance, business performance, organizational effectiveness, employee job performance, and benchmarked performance achievement
EXPLORING THE CRITICAL SUCCESS FACTORS (CSFs) Of KNOWLEDGE MANAGEMENT IN SMEs: A LITERATURE REVIEW
No full textPurpose: Role of SMEs lags behind for providing strategic support to society in a developing country’ context by offering increased financial outcome [1]. Purpose of this paper is to explore and classify the critical success factors (CSFs) of KM in SMEs to address competitiveness by bridging the dimensions gap on account of potential, process, and performance through expounding the black box of knowledge economy (KE) in context of developing countries.
Design/Methodology/Approach: Subsequent of review of literature on KM, a new set of KM CSFs were classified by adding three new insights as the most appropriate and desirable factors for SMEs’ success. Theoretical discussion provided justification to the new set of KM CSFs.
Findings: CSFs govern and facilitate the effective implementation of KM in SMEs. By comprehending the tally of good critical factors (GCF), SMEs can ensure success of KM. However, development of CSFs needs extra care for growth and change in the field of SMEs in developing countries.
Practical Implications: The proposed set of CSFs may serve as a road map for SMEs while adopting KM path. The study provides academics and practioners to focus the factors crucial for KM success in SMEs.
Originality/Value: This study provides an investigative perspective of CSFs for implementing KM in the SME sector