1,721,005 research outputs found
An Empirical Analysis of Foreign Direct Investment in the Libyan Oil Industry
Full text linkThis study investigates the major factors that have restricted the flow of foreign
direct investment (FDI) into the oil sector in Libya. The study focuses on the
period from 2000 to 2009. This period is significant since, during this time Libya
witnessed dramatic foreign and economic policy changes. The research
objectives are: (1) To identify the determinants of foreign direct investment into
Libya’s oil industry for the period 2000-2009; (2) To reveal the obstacles and
barriers which hinder FDI in Libya’s oil industry; (3) To determine the extent that
the Libyan Government FDI policy influenced FDI in Libya’s oil industry. The
rationale for this thesis was driven by filling an empirical void of FDI studies on
the oil industry in Libya and by the intention of providing practical insights for
current and future Libyan governments.
This study comprises of an analysis of the 30 multinational (MNCs) oil
companies that are operating in the Libyan oil industry through questionnaire
and interview data from executives employed by those MNCs, as well as data
from ten Libyan senior government officials involved in the Libyan oil industry
and/or FDI policies.
The research has provided support for several of the determinants of FDI flows
traditionally found in the literature. The survey and time series analysis further
reveals that access to Libya’s proven oil and gas reserves was the singular
most important determinate for influencing the MNCs to undertake FDI.
Furthermore, the findings identified that Libyan government foreign policy had
some impact on the MNCs decision to undertake FDI. The research findings
with regards to the role played by environmental risk as a determinate of FDI,
demonstrate that there is no significant relationship between overall levels of
environmental risk and a country‘s performance in attracting FDI. Also, this
research has identified a number of factors that are causing obstacles and
challenges to the attractiveness of Libya as a location for foreign investment. It
has revealed that MNCs are significantly dissatisfied by the stability of the public
institutions and the lack of effective regulations in Libya
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Liberalizing Trade in Tourism Services Under the CARIFORUM EU Economic Partnership Agreement in the OECS: Examining its Effect on Tourism Demand and Tourism Related Foreign Direct Investment
Full text linkThis thesis is a study on the liberalization of trade in tourism services that has taken place between the European Union and Organisation of Eastern Caribbean States (OECS) under the Caribbean Forum (CARIFORUM) -European Union (EU) Economic Partnership Agreement (EPA). It focuses on Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines. They are all members of the OECS, the Caribbean Community and Common Market (CARICOM) and CARIFORUM and they are EPA signatories.
Using Panel Auto Regressive Distributed Lag modelling, the study is the first to empirically test the effect of liberalizing trade in tourism services (proxied by the EPA) on inflows of tourism related foreign direct investment and European tourism demand regarding the aforementioned countries. It focuses on the period 1997 – 2013.
The results indicate that Gross Domestic Product Per Capita (GDPPC) is a statistically significant determinant of tourism related foreign direct investment. This supports the established hypothesis that market size measured by GDP per capita is a key determinant of FDI. Inflation rate (IR) and trade openness (OPEN) are also significant determinants of tourism related foreign direct investment whilst the EPA is not. Regarding European tourism demand income, prices, prices in a substitute destination and room supply are statistically significant determinants in the long run. Barbados is viewed as a complementary destination to the OECS EPA signatories. However, in the short run the EPA is not a statistically significant determinant of European tourism demand which it negatively affects
An Assessment of Monetary Integration in the West African Monetary Zone (WAMZ): Feasibility and Trade Implication
Full text linkThis thesis provides an assessment of monetary integration in the West African Monetary Zone (WAMZ) focusing upon its feasibility and trade implications, in order to inform policy about the group’s deep integration scheme. The first aspect of the original contribution of the thesis focuses on one of the main issues in the debate of the monetary union in the WAMZ, namely the degree of asymmetry in macroeconomic shocks. The study examines the real effective exchange rate (REER) behaviour among the prospective candidates to assess the degree of potential costs of giving up monetary policy autonomy. The evidence reported from VECM, impulse response and variance decomposition analysis points to heterogeneous economies. Therefore, idiosyncratic shocks imply the need for different policy responses to adjust to macroeconomic shocks. The findings strengthen the case for policy autonomy in the region. The second aspect of original contribution of the thesis evaluates the potential effect of a common currency on trade among WAMZ member countries. Using the existing currency union in ECOWAS, the CFA franc zone, the chapter estimates the effect of a common currency on bilateral trade over the period 1980-2016 using the gravity model. The main conclusion reached is that membership of the CFA franc zone has promoted bilateral trade among members by 60%. The findings support the hypothesis that a common currency increases bilateral trade, which is a helpful guide for a WAMZ monetary union. In summary, the thesis demonstrates that in the long term, a common currency would promote intra-community trade, but at present, a monetary union is not feasible due to asymmetric macroeconomic shocks. Therefore WAMZ deep integration scheme would require members instituting adequate alternative adjustment mechanisms such as fiscal transfer schemes.Ghana Education Trust Fund (GETFund) for the financial support and Division of Economics (now Accounting, Finance and Economics Group) for the offering of the Graduate Teaching Assistant Studentshi
Aligning Corporate Governance Strategy with Sustainability: Managing Oil-Companies and Resource Host-Communities Relationships in the Petroleum Industry in Nigeria
No full textPetroleum discovery has been described as a ‘blessing’ and a ‘curse’ for Nigeria. Whilst oil wealth has been a boon to the economy, oil-companies' unwillingness to be ‘sustainably responsible’ to their resource-host-communities has resulted in multiple problems. This study, focusing on Nigeria's petroleum industry, confirms a framework with genuine potential to favourably impact the industry by validating shared dependency and exploring the relationship between two knowledge areas: corporate governance and sustainability. From the standpoint of resource-host-community ‘risks-and-impacts’, the study's overarching goal is to strengthen the oil-companies'/industry's ability to deliver their businesses on time, within/on budget, and at design capacity. A case study of three oil-companies was used, adopting a qualitative (interpretive) research technique. Study finds that in a turbulent business environment, aligning corporate governance with sustainability and managing oil-companies and their resource-host-community relationships is one attempt to deal with the induced-risks. By analysing the distinction between academic and practitioner research, as well as the tensions from this division, the study shows that a hybrid research merging theoretical and practice-guided study is feasible. The study also contributes to stakeholder theory by offering an empirical description of how resource-host-communities’ impact oil-companies decision-making processes with the potential for collaboration, and to breed and engender trust and unanimity. The findings show that stakeholder theory could be used to solve a variety of organisational problems plaguing the industry. This is the first study in the industry emphasizing the relevance of involving resource-host-communities in Joint-Management-Stakeholder-Committees (JMSCs) concept, demonstrating the influence and practical significance in governance
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Drivers and economic consequences of quality of disclosure of non-GAAP measures
No full textThe full text will be available at the end of the embargo period: 31st December 2026
Appropriate Similarity Measures for Author Cocitation Analysis
Full text linkWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Inflation and economic growth relationship in the West African Monetary Zone
Full text linkInflation and output growth relationship is of interest to policymakers and researchers. In the West African Monetary Zone, the attainment of low inflation rate is considered as one of the convergence criteria for the successful implementation of monetary union in the zone. Although there has been empirical evidence that the relationship between inflation and output growth in the WAMZ is non-linear, the question yet to be answered is, “at what level is inflation detrimental to economic growth?” This paper extends the link of analysis by investigating the optimal inflation for the WAMZ countries using the quadratic approach to threshold estimation. The findings drawing from economic theory and analysis suggests that inflation rate in the WAMZ is significantly associated with lower growth only after it reaches 12.86 percent. The result further indicates that there are significant differences in the inflation threshold levels in the WAMZ countries. The findings of this research are not surprising given the institutional features and structure of the different countries in the zone. The findings of the research suggest that monetary authorities in the WAMZ countries could accommodate inflation rate up to the threshold level, even when that is higher than what is currently being targeted in the zone, so as not to stifle growth in the area. Also, although the WAMZ countries belong to the same geographical area, which could enhance group formation; there could be other sources of heterogeneity like different political, legal, economic, and national policies that drive individual growth processes in the zone.Central Bank of Nigeri
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