International Journal of Business & Economics (IJBE)
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Services Export and Economic Growth: A Panel Cointegration Approach
Get PDFThis paper attempts to quantify the contribution of services export to economic growth for 89 countries over the period 1970-2018. we estimate growth accounting equations to explore the causal relationship between services export and real GDP, using panel cointegration technique and panel error-correction models (VECM) in combination with fully modified OLS and dynamic OLS methods. Results show that long-run relationships exist and there is strong evidence of causality from services export to income and weak evidence of causality from income to services export. The results substantiate the existence of services export-led growth hypothesis. Further, the results show that in the long-run trade liberalization policies prove is beneficial in promoting productivity and growth
THE EFFECT OF LONELINESS AND NOSTALGIC ADVERTISING ON MOBILE SHOPPING INTENTION: A CONCEPTUAL FRAMEWORK
Get PDFFactors influencing mobile shopping intention have been discussed very frequently in the literature. However, the effect of psychological reasons like loneliness on mobile shopping intention has received little attention in the consumer behaviour literature. Especially, there is a dearth of studies regarding how lonely consumers respond to mobile shopping intention when exposed to nostalgic advertising. Grounded on the Uses and Gratification Theory (UGT), this article conceptualizes that lonely consumer when exposed to nostalgic advertising may enter the flow state and eventually engage in mobile shopping. Consistent with prior literature, the authors consider four distinct dimensions of advertisingevoked personal nostalgia: past imagery, positive emotions, negative emotions, and physiological reactions. Marketers face considerable challenges when appealing to lonely consumers to engage in mobile shopping. This article provides a framework to aid marketers to successfully develop marketing strategies to engage lonely consumers in mobile shopping. Theoretical and managerial implications are discussed
An Integrated Perspective: Applying Team Learning and Knowledge Creation through Team Learner Styles
Get PDFResearch in the field of organizational and team learning is well documented with several notable theories explaining the components and process. However, after thorough examination of the literature, there is an obvious disconnect between theoretical understanding and organizational application. The focus of this research is to develop an applied framework for team learning and knowledge creation by integrating three currently recognized theoretical models. The three models incorporated are Boisot’s Social Learning Cycle Model (SLC), Kolb’s Learning Style Inventory Model (LSI) and Lee’s Modes of Learning Progression Model (MLP). These three models are selected because they provide the primary dimensions, in tandem, required for the construction of the newly applied framework. This resulting Team Learner Style Quadrant (TLSQ) framework suggests that specific learning styles suits the various stages in the learning process of teams that are charged with different roles for team learning and knowledge creation and can be easily applied to any organization. Finally, propositions of knowledge diffusion are provided for framework validity, providing researchers with a direction for future hypotheses and model development
PREDICTION OF INBOUND & DOMESTIC TAKEOVER CANDIDATES FROM INDIAN MARKET - PRE AND POST GLOBAL CRISIS
Get PDFM&As are the key drivers for economic growth in developing countries, specifically with respect to India. In the view of proliferating inbound acquisitions and thereby enhancing the FDI of the country, many governmental policies are also implemented. Though a substantial literature is available towards various aspects of M&As in developed countries, only a very few works deal with respect to developing countries and further only a very minimal research is done with special attention to India. Again, there has been very limited amount of work in the context of predicting inbound target determinants, separately from that of the domestic target determinants. Further, models built and inferences drawn for developed countries vary with that of India, thereby adding more emphasis on studying M&A with specific attention to India. Moreover, the global financial crisis has had a great impact on all the nations with India being no exception. The global crisis has taught many financial lessons to firms of all sectors. Hence, there is a necessity to analyse if there is any change in the determinants of targets pre- and post-crisis. This work focuses on predicting the inbound takeover targets in India through logistic regression models on 527 Indian target firms over the period of 2005-2015. The time frame chosen for the groundwork also comprises Global Financial Crisis, which is one of the most significant financial events in the history of world economics. Thus, this work also provides an analysis of impact of this event considering an emerging market like India. The outcomes reveal that firms dealing with feasible products, excellent networking and distribution, huge assets with low cash in hand have the high probability of being predicted as inbound targets. On the contrary, firms with high public shareholdings and that involve in the production of superior products when compared to that of their peers yet find it difficult to make profit are preferred as targets by the domestic acquirers. It has been interesting to note that the financial crisis did not have any significant impact with respect to the determinants of the inbound and domestic targets in Indian context. The outcomes provide significant insights to various stakeholders such as acquirers, the targets themselves, investment bankers and the policy makers involved in M&A
BANK RESILIENCE OVER THE BUSINESS CYCLE IN A DUAL BANKING SYSTEM
Get PDFThe study aims to analyze the stability and resilience of conventional and Islamic banks over a complete business cycle in a dual banking system, Pakistan, with the objective to investigate whether Islamic and conventional banks maintain high level of performance in terms of profit and cost efficiency, in times of economic distress. It gathers bank level and macroeconomic quarterly unbalanced panel data for the period 2006 to 2016. The study is based on a dynamic panel data model and applies dynamic System GMM estimators as suggested by Arellano and Bover (1995) and Blundell and Bond (1998) for analysis purpose. Further, in order to add credence to the outcomes, a robustness check in the form of a two-stage least squares (2SLS) is performed. Findings of the study affirm the procyclical behavior of the dual banking system in Pakistan. However, Islamic banks are found to be more procyclical as compared to the conventional ones, which implies the former to be relatively less resilient to economic disruptions, and would suffer from intense decline in performance as the economy tends to shrink
Customer-Switching Behaviour for Telecom Service Provider
Get PDFThe paper tries to find reasons why customers switch service providers in the telecommunication industry. The Keaveney Model on customer switching behaviour (CSB) in service industries and Porter‘s Five Forces Model. The working employee‘s data was gathered from the telecommunication industry and was analysed using exploratory factor analysis. To retain a customer, the service provider has to maintain relationship with the customer by providing lucrative offers for their friends and family. The study is original as it identifies the reasons why a customer switches to other service provider
Comparing Public-Private Partnership Infrastructure Financing Approach in a Developing and Developed Economy
Get PDFThis study compares the strength of PPP financing approach in a developed country (United Kingdom) and the limitations in a developing country (Nigeria), the largest economy in Africa by GDP. It observes the missing gap between the practices and successes of both countries with the aim of fostering positive outcomes for PPP in Nigeria. Results from the literature analysis assert the critical success factors in the UK as: transparent procurement, quality private consortium, public support, strong political support, apt risk allocation, etc. These present clues to be adopted by the Nigerian economy in maximizing the PPP approach to infrastructure financing
Effects of Export Price Volatility on Ethiopia’s Economy: Applied General Equilibrium Analysis
Get PDFThis study explored the economy-wide effects of export price volatility on Ethiopia‘s economy using Applied General Equilibrium model calibrated through 2009/10 Social Accounting Matrix of Ethiopia. Two simulations were developed to capture price volatilities, increase and decrease in export in price. The study revealed that increase in export price appreciates the domestic currency, raises import demand, but it reduces export demand which together worsened the trade balance. The increase in export price also weakens investment demand, government income and saving and the growth of the economy. However, it raises factors return, household income and welfare. Conversely, decrease in export price depreciates domestic currency, which lead to low import and high export demand, which in turn improved the trade balance. It also increases investment demand, government income and saving, and overall economic growth. But, fall in export price results low factors return, household income and welfare. To reduce the negative impacts of export price volatility in the overall economy, it is suggested that: a) exchange rate policy of the country should be managed-floating type, b) diversification and industrialization of export sector through integrating commodity policies into the country overall development strategy, and c) harness the income gains from commodity prices to facilitate wider-economic transformations and reduction of dependence on primary commodities export
Challenges in Employing Fresh Graduates in Information Technology Companies
Get PDFThere is a growing demand for professional education in India and the employability of graduates in outsourcing companies is a huge challenge. The primary challenge in current Indian Business Process Out sourcing scenarios are effective delivery and optimized on-time job completion, adoption of smart methods and solutions. The Indian Information Technology-Business Process Outsourcing sector has been one of the significant catalysts to the growth of economy which has improved the standard of living of its people. The present paper is based on how to engage fresh graduates in Information Technology companies‘ client projects. We have used factor analysis techniques to short list the most important factors that the companies look in the fresh graduates before employing them. Our results showed that mainly it is the engagement and employer-related attributes that play a major role in the employment of fresh graduates on IT client‘s projects. We have shown the factors that influence the companies to employ fresh graduates in IT sector in India. We offered useful implications for policy officials, market researchers, businessmen and students who are interested in pursuing management education
US-China trade war: Was it really necessary?
Get PDFThe business world has observed another shocking measure taken by the US president to impose 25% tariffs on Chinese imports worth USD 150 Billion in total to the USA in order to reduce the deficit of US-China bilateral trade. The counter measure was the quick anti-tariff on USD 50 Billion US goods to China. The net result might be the reduction of bilateral trade between the two countries substantially. The most likely conclusion of this country specific impose of tariffs is the substitution of imports from other countries by US importers other than China. While the US trade deficit with China might fall and with other countries it will continue to rise, meaning the US trade deficit with the rest of the world will not be considerably changed. Majority of the experts and economists argue that the combined trade deficit with the rest of the world can only be reduced either by increasing the internal demand and meet that demand by local products (importing less from outside) or simply by exporting more to the other countries. As China has the largest market for many consumer and industrial products, there is a huge potential for the US to increase its exports like agricultural products, energy automobile; and services like education and tourism to Chinese market. The paper aims at discussing the alternatives of imposing tariffs and addressing the concept of ― reasonable trade. The sources of this descriptive paper are the published news, articles and information in web. The authors are hopeful that this paper will come to the help of academicians wishing to investigate more on this issue and the policy makers of the business world who seek better alternatives of trade war