Pub Date : 2023-07-19DOI: 10.1108/jefas-08-2020-0302
José Antonio Romero Tellaeche, Rodrigo Aliphat
PurposeThis study estimated total import demand elasticities concerning income, import prices and domestic prices. A high propensity to import constitutes a significant obstacle to economic growth in Mexico since the benefits of increased exports or any other aggregate demand expansion leak to the rest of the world.Design/methodology/approachThis paper estimated a Vector Error Correction Model of the total import demand elasticities concerning income, import prices and domestic prices. Total imports are a dependent variable, while Gross Domestic Product (GDP) and import and domestic prices are the independent variables.FindingsThe principal finding is that an increase of 1 peso in the Mexican GDP leads to a rise of 0.50 pesos in Mexican imports; the elasticity of import demand for prices is low. Still, the elasticity of import demand for domestic prices is 2.14 times greater than that for import prices. These results have significant economic policy implications, such as promoting the expansion of the domestic market and the national content of exports.Research limitations/implicationsIt is tempting to estimate the import demand function for the entire 1993–2019 period since such data is available. But by doing so, the authors would overestimate the propensity to import, given that from 1993 to 2019, the proportion of imports as a percentage of GDP went from 11.37 in 1993 to 29.66 in 2019. Therefore, it makes more sense to estimate the import demand function from 2000 to 2019, a period with a stable proportion of imports to GDP.Originality/valueA high level of imports in developing countries means that much of their aggregate demand is filtered abroad. Therefore, the low impact of its exports on GDP is related to the Mexican economy’s high imports. The authors calculate this relationship with new data and methods.
{"title":"Estimation of the aggregate import demand function for Mexico: a cointegration analysis","authors":"José Antonio Romero Tellaeche, Rodrigo Aliphat","doi":"10.1108/jefas-08-2020-0302","DOIUrl":"https://doi.org/10.1108/jefas-08-2020-0302","url":null,"abstract":"PurposeThis study estimated total import demand elasticities concerning income, import prices and domestic prices. A high propensity to import constitutes a significant obstacle to economic growth in Mexico since the benefits of increased exports or any other aggregate demand expansion leak to the rest of the world.Design/methodology/approachThis paper estimated a Vector Error Correction Model of the total import demand elasticities concerning income, import prices and domestic prices. Total imports are a dependent variable, while Gross Domestic Product (GDP) and import and domestic prices are the independent variables.FindingsThe principal finding is that an increase of 1 peso in the Mexican GDP leads to a rise of 0.50 pesos in Mexican imports; the elasticity of import demand for prices is low. Still, the elasticity of import demand for domestic prices is 2.14 times greater than that for import prices. These results have significant economic policy implications, such as promoting the expansion of the domestic market and the national content of exports.Research limitations/implicationsIt is tempting to estimate the import demand function for the entire 1993–2019 period since such data is available. But by doing so, the authors would overestimate the propensity to import, given that from 1993 to 2019, the proportion of imports as a percentage of GDP went from 11.37 in 1993 to 29.66 in 2019. Therefore, it makes more sense to estimate the import demand function from 2000 to 2019, a period with a stable proportion of imports to GDP.Originality/valueA high level of imports in developing countries means that much of their aggregate demand is filtered abroad. Therefore, the low impact of its exports on GDP is related to the Mexican economy’s high imports. The authors calculate this relationship with new data and methods.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82550964","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}
{"title":"Analysis of the Relationship between International Trade and Carbon Border Adjustment Mechanism","authors":"Yen-hui Kuo, Shuching Chou","doi":"10.12691/jfe-11-3-1","DOIUrl":"https://doi.org/10.12691/jfe-11-3-1","url":null,"abstract":"","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85764263","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}
{"title":"How a Novel Stock Valuation Model Outperforms Traditional Models in Information Efficiency: Implications for Shareholders and Regulators","authors":"Mohamad Saad","doi":"10.12691/jfe-11-2-5","DOIUrl":"https://doi.org/10.12691/jfe-11-2-5","url":null,"abstract":"","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82809612","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}
{"title":"Which Members of OECD are Inactive or Laissez-Faire at Reducing Greenhouse Gas Emissions","authors":"Ai-Chi Hsu, Po-Yuan Shih, Ting-Wei Wu","doi":"10.12691/jfe-11-2-3","DOIUrl":"https://doi.org/10.12691/jfe-11-2-3","url":null,"abstract":"","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80439012","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}
Mona Khalil Mohamed Ahmed Nawary, Dr. Hussien Seoudy, Dr. Mona Kadry
{"title":"Determinants of Shareholders’ Value Creation in the Listed Egyptian Commercial Banks (2012-2021)","authors":"Mona Khalil Mohamed Ahmed Nawary, Dr. Hussien Seoudy, Dr. Mona Kadry","doi":"10.12691/jfe-11-2-4","DOIUrl":"https://doi.org/10.12691/jfe-11-2-4","url":null,"abstract":"","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86072910","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}
Juan Gabriel Figueroa Velázquez, Gerardo Martínez Cedillo, Moisés Rubén Zamora Ramos
At the beginning of the investigation, the objective was to empirically validate a model that relates corporate social responsibility (CSR) and brand image as precedents of customer loyalty to a movie theater chain in Mexico. For this, a quantitative, transversal and explanatory research will be developed. Following the non-probabilistic sampling, a questionnaire containing already validated scales was integrated and supplied through the Google Forms application, reaching a total of 252 valid questionnaires, whose informants were mostly young people between 15 and 24 years old. The objective was achieved using the structural equation modeling technique and using Stata software, the measurement model was verified, in which the constructs used met the reliability and convergent validity requirements. Likewise, the structural model showed an acceptable fit. The results of the model showed that there is a positive and statistically significant relationship between CSR and brand identity with customer loyalty, with which the two hypotheses raised found support.
{"title":"Empirical study on the relationship between corporate social responsibility and brand image with loyalty to a movie theater company in Mexico","authors":"Juan Gabriel Figueroa Velázquez, Gerardo Martínez Cedillo, Moisés Rubén Zamora Ramos","doi":"10.29057/jas.v5i9.9830","DOIUrl":"https://doi.org/10.29057/jas.v5i9.9830","url":null,"abstract":"At the beginning of the investigation, the objective was to empirically validate a model that relates corporate social responsibility (CSR) and brand image as precedents of customer loyalty to a movie theater chain in Mexico. For this, a quantitative, transversal and explanatory research will be developed. Following the non-probabilistic sampling, a questionnaire containing already validated scales was integrated and supplied through the Google Forms application, reaching a total of 252 valid questionnaires, whose informants were mostly young people between 15 and 24 years old. The objective was achieved using the structural equation modeling technique and using Stata software, the measurement model was verified, in which the constructs used met the reliability and convergent validity requirements. Likewise, the structural model showed an acceptable fit. The results of the model showed that there is a positive and statistically significant relationship between CSR and brand identity with customer loyalty, with which the two hypotheses raised found support.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78308354","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}
B. G. García Hernández, Ruth Ortiz Zarco, Edgar Esaúl Vite Gómez
The selection of suppliers is a decision that contributes to the competitiveness of companies due to its impact on their costs, efficiency and innovation. The purpose of this research is to distinguish which are the criteria used by a group of Micro, Small and Medium Enterprises (MSMEs) from Hidalgo, Mexico, in order to identify the factors that influence their business and build a supplier evaluation system to guide them to carry out this process with a broader approach than the technical one. The first phase of the investigation includes the search for data from micro, small and medium-sized manufacturing companies, located in four municipalities of the state of Hidalgo, based on information provided by the National Statistical Directory of Economic Units (DENUE). The second stage consists of the application of a questionnaire among the entrepreneurs of the companies. Finally, the third stage included the analysis of the information collected.
{"title":"Mexican MSMEs supplier selection under a commercial and environmental approach: Case Pachuca and suburban areas","authors":"B. G. García Hernández, Ruth Ortiz Zarco, Edgar Esaúl Vite Gómez","doi":"10.29057/jas.v5i9.10512","DOIUrl":"https://doi.org/10.29057/jas.v5i9.10512","url":null,"abstract":"The selection of suppliers is a decision that contributes to the competitiveness of companies due to its impact on their costs, efficiency and innovation. The purpose of this research is to distinguish which are the criteria used by a group of Micro, Small and Medium Enterprises (MSMEs) from Hidalgo, Mexico, in order to identify the factors that influence their business and build a supplier evaluation system to guide them to carry out this process with a broader approach than the technical one. The first phase of the investigation includes the search for data from micro, small and medium-sized manufacturing companies, located in four municipalities of the state of Hidalgo, based on information provided by the National Statistical Directory of Economic Units (DENUE). The second stage consists of the application of a questionnaire among the entrepreneurs of the companies. Finally, the third stage included the analysis of the information collected.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89308708","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}
Juan de Guadalupe De Leon Valdes, José de Jesús Romero Alvarez, Olga Esthela Fuentes Martínez
The sales department is the heart of any company, having sellers with the necessary skills and tools so that they can carry out their function, will have a positive impact at all levels of the organization. This article addresses issues that, both managers and the sales associates, must be present before, during and after approaching a potential client. In the sales process, the issues of the sales cycle and effective negotiation will be mentioned
{"title":"Effective Sales Process","authors":"Juan de Guadalupe De Leon Valdes, José de Jesús Romero Alvarez, Olga Esthela Fuentes Martínez","doi":"10.29057/jas.v5i9.9880","DOIUrl":"https://doi.org/10.29057/jas.v5i9.9880","url":null,"abstract":"The sales department is the heart of any company, having sellers with the necessary skills and tools so that they can carry out their function, will have a positive impact at all levels of the organization. This article addresses issues that, both managers and the sales associates, must be present before, during and after approaching a potential client. In the sales process, the issues of the sales cycle and effective negotiation will be mentioned","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85854080","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}
Tirso Javier Hernández Gracia, Danae Duana Ávila, Yolanda Marysol Escorza-Sánchez
The development of a company is conditioned by its ability to be competitive and productive, however, today there are aspects of utmost importance that have become key factors to achieve this, such as technology, innovation of organizational processes, the ability to market their products and enter new markets, as well as offering a higher quality of them. The strategies to achieve this are vertical integration, distribution channels, sales, age and size of the company, which become part of globalization and its implications in the competitive market, generating a higher growth and productivity level. The objective of this study was to identify the factors that determine the competitiveness of the textile and apparel industry of Mexican companies. This process was carried out by means of the Bivariate statistical method, and a significant correlation was found with the characteristics of the company, marketing channels, percentage of sales and its relationship with vertical integration.
{"title":"Determinants of competitiveness and productivity of Mexican SMEs and their relationship with vertical integration","authors":"Tirso Javier Hernández Gracia, Danae Duana Ávila, Yolanda Marysol Escorza-Sánchez","doi":"10.29057/jas.v5i9.10601","DOIUrl":"https://doi.org/10.29057/jas.v5i9.10601","url":null,"abstract":"The development of a company is conditioned by its ability to be competitive and productive, however, today there are aspects of utmost importance that have become key factors to achieve this, such as technology, innovation of organizational processes, the ability to market their products and enter new markets, as well as offering a higher quality of them. The strategies to achieve this are vertical integration, distribution channels, sales, age and size of the company, which become part of globalization and its implications in the competitive market, generating a higher growth and productivity level. The objective of this study was to identify the factors that determine the competitiveness of the textile and apparel industry of Mexican companies. This process was carried out by means of the Bivariate statistical method, and a significant correlation was found with the characteristics of the company, marketing channels, percentage of sales and its relationship with vertical integration.","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81937517","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 : 2023-06-19DOI: 10.1108/jefas-12-2021-0269
Ane Elixabete Ripoll-Zarraga
PurposeThe Spanish airport system contains several regional airports within an amenity distance and alternative travel modes. Profitable airports cross-subsidise small airports, which are not required for regional development or connectivity. Airports are government-owned and centralised-managed by Spanish Airports and Air Navigation (AENA, for its Spanish acronym). This study aims to analyse the probability of an under-used public infrastructure and the AENA’s managerial ability as per the financial sustainability of the network in the long term.Design/methodology/approachThe national regulatory framework determines the airports’ environment. Six airports revealed unobserved heterogeneity, avoiding model misspecification. The framework is defined through proxies of the singularities of the Spanish framework: public investments and geographical specifications. The stochastic frontier analysis model follows two time-varying specifications, accounting for airports’ environmental factors, to ensure the robustness of the results to differ from the inefficiency caused by AENA and external factors.FindingsAirports’ infrastructure capacity and traffic are not correlated; regional airports become a financial burden for the system unless they specialise or differentiate. Proxies defining the airports’ context are relevant. Because airports do not compete for airlines and passengers, there are too many regional airports with little traffic, resulting in disused public infrastructure that falls far short of improving connectivity and regional development.Originality/valueThis study contributes to paying attention to the characteristics of the regulatory framework, such as management strongly centralised in AENA, airport charges decided by the owner, lack of competition and lack of an independent regulatory entity. Another original contribution considers reliable capital measures (airports’ infrastructure).
{"title":"Airports’ public infrastructure and sources of inefficiency","authors":"Ane Elixabete Ripoll-Zarraga","doi":"10.1108/jefas-12-2021-0269","DOIUrl":"https://doi.org/10.1108/jefas-12-2021-0269","url":null,"abstract":"PurposeThe Spanish airport system contains several regional airports within an amenity distance and alternative travel modes. Profitable airports cross-subsidise small airports, which are not required for regional development or connectivity. Airports are government-owned and centralised-managed by Spanish Airports and Air Navigation (AENA, for its Spanish acronym). This study aims to analyse the probability of an under-used public infrastructure and the AENA’s managerial ability as per the financial sustainability of the network in the long term.Design/methodology/approachThe national regulatory framework determines the airports’ environment. Six airports revealed unobserved heterogeneity, avoiding model misspecification. The framework is defined through proxies of the singularities of the Spanish framework: public investments and geographical specifications. The stochastic frontier analysis model follows two time-varying specifications, accounting for airports’ environmental factors, to ensure the robustness of the results to differ from the inefficiency caused by AENA and external factors.FindingsAirports’ infrastructure capacity and traffic are not correlated; regional airports become a financial burden for the system unless they specialise or differentiate. Proxies defining the airports’ context are relevant. Because airports do not compete for airlines and passengers, there are too many regional airports with little traffic, resulting in disused public infrastructure that falls far short of improving connectivity and regional development.Originality/valueThis study contributes to paying attention to the characteristics of the regulatory framework, such as management strongly centralised in AENA, airport charges decided by the owner, lack of competition and lack of an independent regulatory entity. Another original contribution considers reliable capital measures (airports’ infrastructure).","PeriodicalId":53491,"journal":{"name":"Journal of Economics, Finance and Administrative Science","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89391198","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}
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