Pub Date : 2022-07-03DOI: 10.1177/09763996221105143
Joshi Maharani Wibowo, S. Hariadi
This study was conducted to know Indonesia sustainable tourism resilience in the COVID-19 era. The research was done through a qualitative approach then analyzed based on the sentiment analysis and tourism resilience theory. The data used on this study are review data related to five super-priority tourism destinations in Indonesia, which are Borobudur Temple, Lake Toba, Labuan Bajo, Mandalika and Likupang since January 2020 to March 2021 from TripAdvisor. The result of this study shows that Indonesia sustainable tourism resilience during the pandemic COVID-19 era does not have strong enough resilience in facing the unstable recessions conditions and following new tourism trends that have emerged in the pandemic era or after the pandemic ends. This study provides two recommendations to overcome those problems: (a) Indonesia needs to develop local tourism activities based on the e-tourism concept and (b) the tourism activity must integrate with digitalization and local wisdom to create local common branding in the destination.
{"title":"Indonesia Sustainable Tourism Resilience in the COVID-19 Pandemic Era (Case Study of Five Indonesian Super- priority Destinations)","authors":"Joshi Maharani Wibowo, S. Hariadi","doi":"10.1177/09763996221105143","DOIUrl":"https://doi.org/10.1177/09763996221105143","url":null,"abstract":"This study was conducted to know Indonesia sustainable tourism resilience in the COVID-19 era. The research was done through a qualitative approach then analyzed based on the sentiment analysis and tourism resilience theory. The data used on this study are review data related to five super-priority tourism destinations in Indonesia, which are Borobudur Temple, Lake Toba, Labuan Bajo, Mandalika and Likupang since January 2020 to March 2021 from TripAdvisor. The result of this study shows that Indonesia sustainable tourism resilience during the pandemic COVID-19 era does not have strong enough resilience in facing the unstable recessions conditions and following new tourism trends that have emerged in the pandemic era or after the pandemic ends. This study provides two recommendations to overcome those problems: (a) Indonesia needs to develop local tourism activities based on the e-tourism concept and (b) the tourism activity must integrate with digitalization and local wisdom to create local common branding in the destination.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46398973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-01DOI: 10.1177/09763996221101217
Ooi Kok Loang, Zamri Ahmad
This study examines the existence, tendency and determinants of herding in the Malaysian stock market under market stress from 2016 to 2020. This study adopts ordinary least square and quantile regression models to estimate herding. Three types of measurements are used to capture volatility, which are realized volatility, Parkinson volatility and Garman and Klass volatility. The result shows that herding exists in the Malaysian stock market. Investors are observed to herd stronger in the bearish (down) market condition compared to bullish (up) market condition, especially in the upper quantile (τ > 50%). Realized volatility is found to be significant in every quantile except for the median quantile (τ = 50%) and Garman and Klass’s volatility is significant in the upper quantiles of 0.75 and 0.90. This study assists analysts and investors to formulate better investment strategies. Regulators and policymakers shall also control and regulate the herding behaviour of investors, which can deviate the stocks from their fundamentals. The existence of herding also violates the assumptions of EMH in assuming that investors are rational.
{"title":"Does Volatility Cause Herding in Malaysian Stock Market? Evidence from Quantile Regression Analysis","authors":"Ooi Kok Loang, Zamri Ahmad","doi":"10.1177/09763996221101217","DOIUrl":"https://doi.org/10.1177/09763996221101217","url":null,"abstract":"This study examines the existence, tendency and determinants of herding in the Malaysian stock market under market stress from 2016 to 2020. This study adopts ordinary least square and quantile regression models to estimate herding. Three types of measurements are used to capture volatility, which are realized volatility, Parkinson volatility and Garman and Klass volatility. The result shows that herding exists in the Malaysian stock market. Investors are observed to herd stronger in the bearish (down) market condition compared to bullish (up) market condition, especially in the upper quantile (τ > 50%). Realized volatility is found to be significant in every quantile except for the median quantile (τ = 50%) and Garman and Klass’s volatility is significant in the upper quantiles of 0.75 and 0.90. This study assists analysts and investors to formulate better investment strategies. Regulators and policymakers shall also control and regulate the herding behaviour of investors, which can deviate the stocks from their fundamentals. The existence of herding also violates the assumptions of EMH in assuming that investors are rational.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41544766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-29DOI: 10.1177/09763996221098216
N. Lalitha, P. Viswanathan, Soumya Vinayan
Small and marginal farmers contribute significantly to agricultural production and livelihoods all over the world. The small size of operational holdings, however, makes them highly susceptible to market risks leading to low levels of farm income. The farmer producer organizations (FPOs) are considered as effective mechanisms as they give voice to the small farmers, help overcome the challenges, by reducing the transaction costs and improving market access. However, in India, farmer collectives suffer from several institutional and structural impediments that affects their performance and thereby not resulting in empowerment and wellbeing of the farmers. In this regard, this article discusses the role of FPOs based on an empirical case study of Sahyadri Farmers Producer Company Ltd (SFPCL) from Maharashtra. The case study analyses the specificities of a private initiative such as Sahyadri, which focuses on making farming viable for farmers with small holdings in particular. The Sahyadri model contributes building the social capital of the farmers and improving the farm income and sustainable livelihoods. The article uses logistic regression to determine the factors influencing collective action and the Cobb–Douglas (CD) Production function to highlight the economic benefits realized by the farmers from being members of the Farmers Producer Company in case of Sahyadri in Maharashtra.
小农和边缘农民对世界各地的农业生产和生计作出了重大贡献。然而，经营规模小，使它们极易受到市场风险的影响，从而导致农业收入水平低。农民生产者组织(FPOs)被认为是有效的机制，因为它们通过降低交易成本和改善市场准入，为小农发声，帮助克服挑战。然而，在印度，农民集体受到一些制度和结构性障碍的影响，这些障碍影响了他们的表现，从而没有给农民带来权力和福祉。在这方面，本文以马哈拉施特拉邦的Sahyadri Farmers Producer Company Ltd (SFPCL)的实证案例为基础，探讨了FPOs的作用。该案例研究分析了Sahyadri等私人项目的具体特点，该项目侧重于使拥有小块土地的农民能够从事农业。Sahyadri模式有助于建立农民的社会资本，提高农业收入和可持续生计。本文以马哈拉施特拉邦的Sahyadri为例，利用logistic回归来确定影响集体行动的因素，并利用Cobb-Douglas (CD)生产函数来突出农民作为农民生产公司成员所实现的经济效益。
{"title":"Institutional Strengthening of Farmer Producer Organizations and Empowerment of Small Farmers in India: Evidence from a Case Study in Maharashtra","authors":"N. Lalitha, P. Viswanathan, Soumya Vinayan","doi":"10.1177/09763996221098216","DOIUrl":"https://doi.org/10.1177/09763996221098216","url":null,"abstract":"Small and marginal farmers contribute significantly to agricultural production and livelihoods all over the world. The small size of operational holdings, however, makes them highly susceptible to market risks leading to low levels of farm income. The farmer producer organizations (FPOs) are considered as effective mechanisms as they give voice to the small farmers, help overcome the challenges, by reducing the transaction costs and improving market access. However, in India, farmer collectives suffer from several institutional and structural impediments that affects their performance and thereby not resulting in empowerment and wellbeing of the farmers. In this regard, this article discusses the role of FPOs based on an empirical case study of Sahyadri Farmers Producer Company Ltd (SFPCL) from Maharashtra. The case study analyses the specificities of a private initiative such as Sahyadri, which focuses on making farming viable for farmers with small holdings in particular. The Sahyadri model contributes building the social capital of the farmers and improving the farm income and sustainable livelihoods. The article uses logistic regression to determine the factors influencing collective action and the Cobb–Douglas (CD) Production function to highlight the economic benefits realized by the farmers from being members of the Farmers Producer Company in case of Sahyadri in Maharashtra.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42907080","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-26DOI: 10.1177/09763996221097877
L. Lanzona
Fragility refers to weak regional institutions that fail to respond to specific risks and needs of the community. The article aims to measure fragility and its effects on labour market employment and wages. The observed non-work-related migration is used to derive annual fragility indices for regions that are then incorporated into standard labour market employment and Mincer wage equations. The estimates indicate higher employment but lower wages in fragile regions. Under weak institutions, workers will decide to engage in alternative low-paying work arrangements in anticipation of conflict, environmental or income shocks. Furthermore, biases on effects of macroeconomic policies can be noted in regression estimates that do not control for fragility.
{"title":"The Effects of Fragility in the Philippines Labour Market Employment and Wages","authors":"L. Lanzona","doi":"10.1177/09763996221097877","DOIUrl":"https://doi.org/10.1177/09763996221097877","url":null,"abstract":"Fragility refers to weak regional institutions that fail to respond to specific risks and needs of the community. The article aims to measure fragility and its effects on labour market employment and wages. The observed non-work-related migration is used to derive annual fragility indices for regions that are then incorporated into standard labour market employment and Mincer wage equations. The estimates indicate higher employment but lower wages in fragile regions. Under weak institutions, workers will decide to engage in alternative low-paying work arrangements in anticipation of conflict, environmental or income shocks. Furthermore, biases on effects of macroeconomic policies can be noted in regression estimates that do not control for fragility.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48854707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-26DOI: 10.1177/09763996221103003
Irem Batool, Khurram Ejaz Chandia, Binesh Sarwar, Muhammad Badar Iqbal
The presence of high inflation coupled with a persistent and ever-increasing fiscal deficit is the key problem being faced by the developing economies. The fiscal dominance hypothesis suggests that a developing economy is prone to high persistent inflation when government authorities run huge persistent budget deficits and get them financed through money creation. The primary objective of the current study is to test and examine the presence of the fiscal dominance situation over the period 1971–2020. The current study has modelled inflation as a fiscally driven monetary phenomenon by combining monetary and fiscal variables. The study has used the autoregressive distributed lag (ARDL) technique to analyse the long-run and short-run dynamics in a unified framework. The empirical results point to strong and statistically significant long-term relationships between budget deficits and money growth and between money creation and inflation. The study validates the presence of the fiscal dominance hypothesis in the case of a developing economy. The results imply that fiscal dominance handling through a realistic and continuous process of fiscal adjustments on the back of supported monetary policy is necessary for attaining and sustaining price stability in developing countries like Pakistan. In the context of public finance, a broad and wide-ranging tax reforms (increasing the tax base, designing an inflation-proof tax system, and improving tax administration and collection), rationalized government expenditures and privatization of loss-making state enterprises are crucial in establishing the trustworthy fiscal policy.
{"title":"Fiscal Dominance and the Inflation Dynamics in Pakistan: An Empirical Analysis","authors":"Irem Batool, Khurram Ejaz Chandia, Binesh Sarwar, Muhammad Badar Iqbal","doi":"10.1177/09763996221103003","DOIUrl":"https://doi.org/10.1177/09763996221103003","url":null,"abstract":"The presence of high inflation coupled with a persistent and ever-increasing fiscal deficit is the key problem being faced by the developing economies. The fiscal dominance hypothesis suggests that a developing economy is prone to high persistent inflation when government authorities run huge persistent budget deficits and get them financed through money creation. The primary objective of the current study is to test and examine the presence of the fiscal dominance situation over the period 1971–2020. The current study has modelled inflation as a fiscally driven monetary phenomenon by combining monetary and fiscal variables. The study has used the autoregressive distributed lag (ARDL) technique to analyse the long-run and short-run dynamics in a unified framework. The empirical results point to strong and statistically significant long-term relationships between budget deficits and money growth and between money creation and inflation. The study validates the presence of the fiscal dominance hypothesis in the case of a developing economy. The results imply that fiscal dominance handling through a realistic and continuous process of fiscal adjustments on the back of supported monetary policy is necessary for attaining and sustaining price stability in developing countries like Pakistan. In the context of public finance, a broad and wide-ranging tax reforms (increasing the tax base, designing an inflation-proof tax system, and improving tax administration and collection), rationalized government expenditures and privatization of loss-making state enterprises are crucial in establishing the trustworthy fiscal policy.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42049053","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-22DOI: 10.1177/09763996221096328
Reena Marwah, S. Ramanayake, Lailufar Yasmin
BIMSTEC has completed more than two decades of its existence, with 2022 marking the regional grouping’s 25th anniversary. In this article, we study the nature and evolution of BIMSTEC, as we discuss and analyse the nature of intra-regional trade, with a focus on BIMSTEC member countries’ trade with India and China. We also highlight the political challenges and hindrances to increasing intra-regional trade. The China factor and its expanding footprint among these countries is analysed. The article concludes with suggestions and unique pathways that BIMSTEC can emphasize in creating a common identity, that is, focusing on connectivity and improved logistics as well as establishing a BIMSTEC university for exchange of ideas and building trust. The article fills the existing gap in the literature by comparing India and China’s trade with BIMSTEC countries, emphasizing the creation of the soft power appeal of BIMSTEC to make it a more viable regional organization.
{"title":"Political Economy of Trade in BIMSTEC: A Contemporary Perspective","authors":"Reena Marwah, S. Ramanayake, Lailufar Yasmin","doi":"10.1177/09763996221096328","DOIUrl":"https://doi.org/10.1177/09763996221096328","url":null,"abstract":"BIMSTEC has completed more than two decades of its existence, with 2022 marking the regional grouping’s 25th anniversary. In this article, we study the nature and evolution of BIMSTEC, as we discuss and analyse the nature of intra-regional trade, with a focus on BIMSTEC member countries’ trade with India and China. We also highlight the political challenges and hindrances to increasing intra-regional trade. The China factor and its expanding footprint among these countries is analysed. The article concludes with suggestions and unique pathways that BIMSTEC can emphasize in creating a common identity, that is, focusing on connectivity and improved logistics as well as establishing a BIMSTEC university for exchange of ideas and building trust. The article fills the existing gap in the literature by comparing India and China’s trade with BIMSTEC countries, emphasizing the creation of the soft power appeal of BIMSTEC to make it a more viable regional organization.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49424721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-21DOI: 10.1177/09763996221091654
M. Kaur, Naresh Singla
Small producers’ participation in milk collectives such as dairy cooperatives and producer companies is seen as one of the several ways to institutionalize the dairy value chains and leverage their production and marketing strengths. In this context, the study has explored procurement practices of a dairy cooperative vis-à-vis producer company that have recently ventured into direct procurement, processing and retailing of the milk in Indian Punjab and understood their economic impact on the milk producers in Indian Punjab. The findings of the study suggest that both the milk collectives offer higher prices to the producers, resulting in higher profitability than their counterpart non-member milk producers. The findings of the study suggest that the milk collectives need to take additional responsibilities in terms of advancing credit, introducing new production technologies to increase milk productivity and encouraging participation of women milk producers to make such linkages inclusive, effective and sustainable.
{"title":"Comparative Performance of Cooperatives and Producer Companies in Member Producer’s Income Enhancement: A Case Study of the Milk Sector in Indian Punjab","authors":"M. Kaur, Naresh Singla","doi":"10.1177/09763996221091654","DOIUrl":"https://doi.org/10.1177/09763996221091654","url":null,"abstract":"Small producers’ participation in milk collectives such as dairy cooperatives and producer companies is seen as one of the several ways to institutionalize the dairy value chains and leverage their production and marketing strengths. In this context, the study has explored procurement practices of a dairy cooperative vis-à-vis producer company that have recently ventured into direct procurement, processing and retailing of the milk in Indian Punjab and understood their economic impact on the milk producers in Indian Punjab. The findings of the study suggest that both the milk collectives offer higher prices to the producers, resulting in higher profitability than their counterpart non-member milk producers. The findings of the study suggest that the milk collectives need to take additional responsibilities in terms of advancing credit, introducing new production technologies to increase milk productivity and encouraging participation of women milk producers to make such linkages inclusive, effective and sustainable.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65431386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-21DOI: 10.1177/09763996221095146
J. Fernandez, Rafidah Aga Mohd Jaladin, P. L. Lau
This article presents an overview on nonsuicidal self-injury in Southeast Asia. Following Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines, a systematic review was conducted regarding self-injury in Southeast Asia. Seventeen studies eligible for inclusion were identified. Findings revealed that self-injury is most common among youth between the ages of 14 and 35 years old. The prevalence rates reported were from 7.1% to 11.4% in community samples and 20.7% to 75.9% in clinical samples. The most common function for self-injury is that it serves as an emotion regulation strategy, and the main causes appear to stem from individual (emotional dysregulation, low self-esteem, gender and psychiatric disorders) and environmental factors (childhood maltreatment, childhood neglect, parental invalidation and academic stress). Comorbidity with depressive disorders, adjustment disorders and anxiety disorders are most often reported. The paucity of studies with high heterogeneity calls for further research exploring self-injury which may inform better mental health practice and policymaking in Southeast Asia.
{"title":"Nonsuicidal Self-injury in Southeast Asia: A Systematic Literature Review","authors":"J. Fernandez, Rafidah Aga Mohd Jaladin, P. L. Lau","doi":"10.1177/09763996221095146","DOIUrl":"https://doi.org/10.1177/09763996221095146","url":null,"abstract":"This article presents an overview on nonsuicidal self-injury in Southeast Asia. Following Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines, a systematic review was conducted regarding self-injury in Southeast Asia. Seventeen studies eligible for inclusion were identified. Findings revealed that self-injury is most common among youth between the ages of 14 and 35 years old. The prevalence rates reported were from 7.1% to 11.4% in community samples and 20.7% to 75.9% in clinical samples. The most common function for self-injury is that it serves as an emotion regulation strategy, and the main causes appear to stem from individual (emotional dysregulation, low self-esteem, gender and psychiatric disorders) and environmental factors (childhood maltreatment, childhood neglect, parental invalidation and academic stress). Comorbidity with depressive disorders, adjustment disorders and anxiety disorders are most often reported. The paucity of studies with high heterogeneity calls for further research exploring self-injury which may inform better mental health practice and policymaking in Southeast Asia.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41610515","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-21DOI: 10.1177/09763996221092243
Swarnjeet Kaur, Swati Mehta
Technological accumulation is a complex process of correct mix of indigenous and/or imported technology, mainly for the firms belonging to developing economies after opening their economies. To understand these issues, the case of Indian capital goods industry is taken for the years 1994–1995 to 2015–2016. It was found that only 39% of the firms belonging to Indian capital goods sector are technologically active, that is, resorting to either embodied or disembodied technology acquisition. Multinomial logit model is estimated to find the impact of various variables in determining the strategy of technology accumulation. The factors such as age, size, technology spillovers and outward foreign direct investment were found to have a positive impact on the firms to resort to ‘indigenous R&D only’ as a strategy of technology accumulation. While ‘disembodied technology import only’ is influenced by factors like embodied and disembodied technology imports. However, strategy ‘both indigenous R&D and disembodied technology import’ is found to be influenced by foreign equity participation, mergers and acquisitions.
{"title":"Liberalisation and Technological Accumulation Strategy in Industries from Developing Economies: An Analysis of Indian Capital Goods Manufacturing Firms","authors":"Swarnjeet Kaur, Swati Mehta","doi":"10.1177/09763996221092243","DOIUrl":"https://doi.org/10.1177/09763996221092243","url":null,"abstract":"Technological accumulation is a complex process of correct mix of indigenous and/or imported technology, mainly for the firms belonging to developing economies after opening their economies. To understand these issues, the case of Indian capital goods industry is taken for the years 1994–1995 to 2015–2016. It was found that only 39% of the firms belonging to Indian capital goods sector are technologically active, that is, resorting to either embodied or disembodied technology acquisition. Multinomial logit model is estimated to find the impact of various variables in determining the strategy of technology accumulation. The factors such as age, size, technology spillovers and outward foreign direct investment were found to have a positive impact on the firms to resort to ‘indigenous R&D only’ as a strategy of technology accumulation. While ‘disembodied technology import only’ is influenced by factors like embodied and disembodied technology imports. However, strategy ‘both indigenous R&D and disembodied technology import’ is found to be influenced by foreign equity participation, mergers and acquisitions.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46627042","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-05-25DOI: 10.1177/09763996221087017
Nadarajah Pushparajah, Malini Balamayuran
When the coalition government known as the National Unity Government of 2015 initiated the promulgation of a new constitution for Sri Lanka, it had embraced transparent and inclusive procedures that were never rehearsed in the constitutional politics since independence. As part of the progress, within one and half years’ time, the members of the steering committee set up by constitutional assembly, presented the interim proposals on the new constitution. Impressive progress was made by the government, yet the task of moving towards a new constitution experienced a deadlock and had to be discontinued. This article examines constraints experienced by the National Unity Government during 2015 and 2019 that at some point sabotaged the project of constitution-making. By utilizing the insights of Jon Elster in this regard, this qualitative study finds that political parties serving at both constitutional assembly and parliament have influenced the progress of the constitution-making and contributed to its failure. This study reveals that group interest and permanent passion (the loyalty to their own ethnic population) have encouraged certain groups and factions within the constitutional assembly and the parliament to wield it as a tool of political capital. Therefore, Government of Sri Lanka should rethink the parliament serving as constitutional assembly and adopt compulsory equilibrium between publicity and secrecy.
{"title":"The Failure of Constitution-making in Sri Lanka (2015–2019)","authors":"Nadarajah Pushparajah, Malini Balamayuran","doi":"10.1177/09763996221087017","DOIUrl":"https://doi.org/10.1177/09763996221087017","url":null,"abstract":"When the coalition government known as the National Unity Government of 2015 initiated the promulgation of a new constitution for Sri Lanka, it had embraced transparent and inclusive procedures that were never rehearsed in the constitutional politics since independence. As part of the progress, within one and half years’ time, the members of the steering committee set up by constitutional assembly, presented the interim proposals on the new constitution. Impressive progress was made by the government, yet the task of moving towards a new constitution experienced a deadlock and had to be discontinued. This article examines constraints experienced by the National Unity Government during 2015 and 2019 that at some point sabotaged the project of constitution-making. By utilizing the insights of Jon Elster in this regard, this qualitative study finds that political parties serving at both constitutional assembly and parliament have influenced the progress of the constitution-making and contributed to its failure. This study reveals that group interest and permanent passion (the loyalty to their own ethnic population) have encouraged certain groups and factions within the constitutional assembly and the parliament to wield it as a tool of political capital. Therefore, Government of Sri Lanka should rethink the parliament serving as constitutional assembly and adopt compulsory equilibrium between publicity and secrecy.","PeriodicalId":41791,"journal":{"name":"Millennial Asia","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2022-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41485027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：