Pub Date : 2021-07-13DOI: 10.1504/ijtgm.2022.10029481
A. Bogoviz
The purpose of the paper is to determine the limits of the pleasure economy in Industry 4.0 in view of the specifics of developing countries. The methodological basis of the research includes a com...
本文的目的是根据发展中国家的具体情况,确定工业4.0中快乐经济的极限。本研究的方法论基础包括:
{"title":"Limits of the pleasure economy in Industry 4.0: specifics of developing countries","authors":"A. Bogoviz","doi":"10.1504/ijtgm.2022.10029481","DOIUrl":"https://doi.org/10.1504/ijtgm.2022.10029481","url":null,"abstract":"The purpose of the paper is to determine the limits of the pleasure economy in Industry 4.0 in view of the specifics of developing countries. The methodological basis of the research includes a com...","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46598081","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 : 2021-06-18DOI: 10.1504/ijtgm.2021.10024844
T. Saji
This research aims to assess the competitiveness of BRICS nations and to investigate its effects on their export performance and economic growth. Our fixed-effects panel regression procedure proves the competitiveness effects on export performance, where the influence of terms of trade and relative profitability of exports are dominant. The export-led-growth (ELG) model seems to be valid in estimating BRICS growth and the inclusion of inward foreign direct investment (FDI) and real effective exchange rate (REER) variables in the model as additional predictors enhance the robustness in forecasting. The study suggests that the multifaceted and interlinked dimensions of competitiveness are crucial to further enhancement in competitiveness and to ensure the even spread of growth and development in the partnership.
{"title":"Integration effects in exports induced economic growth: evidence from extended ELG model in BRICS","authors":"T. Saji","doi":"10.1504/ijtgm.2021.10024844","DOIUrl":"https://doi.org/10.1504/ijtgm.2021.10024844","url":null,"abstract":"This research aims to assess the competitiveness of BRICS nations and to investigate its effects on their export performance and economic growth. Our fixed-effects panel regression procedure proves the competitiveness effects on export performance, where the influence of terms of trade and relative profitability of exports are dominant. The export-led-growth (ELG) model seems to be valid in estimating BRICS growth and the inclusion of inward foreign direct investment (FDI) and real effective exchange rate (REER) variables in the model as additional predictors enhance the robustness in forecasting. The study suggests that the multifaceted and interlinked dimensions of competitiveness are crucial to further enhancement in competitiveness and to ensure the even spread of growth and development in the partnership.","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43594041","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 : 2021-06-18DOI: 10.1504/ijtgm.2022.10030245
T. K. D. Kumar, B. Poornima, P. Sudarsan
The study examines short-run and long-run impact of exchange rate on India's export and import with its select trading partners for a period from 1993Q1 to 2019Q3. The study employs panel cointegration and pooled mean group (PMG) estimation method. The results establish the presence of long-run relationship among exports, imports, exchange rate, GDP of India and its trading partners. Further, in the long-run and short run, the exchange rate has impact on exports but not on India's imports. The result reveals that there is a significant impact of exchange rate for Indias export to the countries like Belgium, China, Japan, Germany, Switzerland, UAE, USA and UK. However, the exchange rate depreciation has significant effects only on India's imports from China, UAE and USA. Also, the results of Marshal-Lerner condition indicate depreciation of Indian rupee increases India's exports.
{"title":"Exchange rate and its impact on India's trade with its major trading partners: a pooled mean group approach","authors":"T. K. D. Kumar, B. Poornima, P. Sudarsan","doi":"10.1504/ijtgm.2022.10030245","DOIUrl":"https://doi.org/10.1504/ijtgm.2022.10030245","url":null,"abstract":"The study examines short-run and long-run impact of exchange rate on India's export and import with its select trading partners for a period from 1993Q1 to 2019Q3. The study employs panel cointegration and pooled mean group (PMG) estimation method. The results establish the presence of long-run relationship among exports, imports, exchange rate, GDP of India and its trading partners. Further, in the long-run and short run, the exchange rate has impact on exports but not on India's imports. The result reveals that there is a significant impact of exchange rate for Indias export to the countries like Belgium, China, Japan, Germany, Switzerland, UAE, USA and UK. However, the exchange rate depreciation has significant effects only on India's imports from China, UAE and USA. Also, the results of Marshal-Lerner condition indicate depreciation of Indian rupee increases India's exports.","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41857319","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 : 2021-06-12DOI: 10.1504/ijtgm.2022.10030102
N. Saadat
Bangladesh's integration in the global economy has hitherto proven to be an important force behind its economic growth. However, exclusively trade dependent growth is also trade vulnerable growth. This paper explores the factors that may potentially affect the trade vulnerability of Bangladesh. Results of the bivariate non-parametric local linear kernel regression estimation reveal that the minimum wage of readymade garment workers, manufacturing cost, utilities cost, crude oil prices, and climate change are positively related to trade volatility, while improved political stability is negatively related to trade volatility. Multivariate kernel regressions with composite indicators show that macroeconomic factors, such as exchange rate, foreign exchange reserves and budget balance, have a statistically significant impact on the trade volatility of Bangladesh. In view of these preliminary results, a number of policy recommendations are suggested to deal with the short run and long run trade vulnerability of Bangladesh.
{"title":"Potential trade vulnerability of Bangladesh: an exploratory analysis","authors":"N. Saadat","doi":"10.1504/ijtgm.2022.10030102","DOIUrl":"https://doi.org/10.1504/ijtgm.2022.10030102","url":null,"abstract":"Bangladesh's integration in the global economy has hitherto proven to be an important force behind its economic growth. However, exclusively trade dependent growth is also trade vulnerable growth. This paper explores the factors that may potentially affect the trade vulnerability of Bangladesh. Results of the bivariate non-parametric local linear kernel regression estimation reveal that the minimum wage of readymade garment workers, manufacturing cost, utilities cost, crude oil prices, and climate change are positively related to trade volatility, while improved political stability is negatively related to trade volatility. Multivariate kernel regressions with composite indicators show that macroeconomic factors, such as exchange rate, foreign exchange reserves and budget balance, have a statistically significant impact on the trade volatility of Bangladesh. In view of these preliminary results, a number of policy recommendations are suggested to deal with the short run and long run trade vulnerability of Bangladesh.","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49151883","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 : 2021-03-20DOI: 10.1504/ijtgm.2021.10027978
N. A. Yusriana, D. T. Alamanda, Sutyastie S. Remi
This study aims to assess the effect of education on poverty reduction in Indonesia. Indonesia is chosen as the site of the study for two reasons, namely the relatively high poverty level and massive industrial development, as Indonesia is actively engaged in the international markets. Quantitative methods with descriptive explanations were used to prove the effect of education on poverty in Indonesia. Secondary panel data were taken from Statistics Indonesia from the period 2008 to 2018. Data were then analysed using the ordinary least square (OLS) method. The results show that education with a minimum high school level can reduce poverty. The study revealed that education increased the capability of human resources. Therefore, human resource improvement increased productivity and income, and finally, it reduced poverty.
{"title":"The profile of Indonesian workers: how education influences their welfare status","authors":"N. A. Yusriana, D. T. Alamanda, Sutyastie S. Remi","doi":"10.1504/ijtgm.2021.10027978","DOIUrl":"https://doi.org/10.1504/ijtgm.2021.10027978","url":null,"abstract":"This study aims to assess the effect of education on poverty reduction in Indonesia. Indonesia is chosen as the site of the study for two reasons, namely the relatively high poverty level and massive industrial development, as Indonesia is actively engaged in the international markets. Quantitative methods with descriptive explanations were used to prove the effect of education on poverty in Indonesia. Secondary panel data were taken from Statistics Indonesia from the period 2008 to 2018. Data were then analysed using the ordinary least square (OLS) method. The results show that education with a minimum high school level can reduce poverty. The study revealed that education increased the capability of human resources. Therefore, human resource improvement increased productivity and income, and finally, it reduced poverty.","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46707641","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 : 2021-02-26DOI: 10.1504/IJTGM.2021.113341
Romanus Anthony Osabohien, O. Matthew, B. Aderounmu, Abigail Godwin, V. Okafor
This study employed a panel data analysis from selected East African countries, with the use of fixed and random effects model which was tested using Hausman specification test. The results from the study showed that; trade agreement and foreign direct investment (FDI) have a significant positive effect on East African economy, while trade openness exerts a negative effect as a result of low productivity. Therefore, the study recommended that the government of East African countries should embrace and develop policies in promoting the continental trade agreement and economic integration, in order to raise the level of productivity within the region and the sub-region for sustainable economic development.
{"title":"Economic development and trade outcomes in East African countries: prospects and constraints","authors":"Romanus Anthony Osabohien, O. Matthew, B. Aderounmu, Abigail Godwin, V. Okafor","doi":"10.1504/IJTGM.2021.113341","DOIUrl":"https://doi.org/10.1504/IJTGM.2021.113341","url":null,"abstract":"This study employed a panel data analysis from selected East African countries, with the use of fixed and random effects model which was tested using Hausman specification test. The results from the study showed that; trade agreement and foreign direct investment (FDI) have a significant positive effect on East African economy, while trade openness exerts a negative effect as a result of low productivity. Therefore, the study recommended that the government of East African countries should embrace and develop policies in promoting the continental trade agreement and economic integration, in order to raise the level of productivity within the region and the sub-region for sustainable economic development.","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":"14 1","pages":"1"},"PeriodicalIF":0.0,"publicationDate":"2021-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43877269","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 : 2021-02-19DOI: 10.1504/ijtgm.2022.10027979
Ibrahim Elbadawi, Chahir Zaki
Exploiting a unique firm level dataset available for four countries (Egypt, Jordan, Kuwait and Yemen), this paper assesses the role of real exchange rate (RER) undervaluation as a determinant of the quantity of exports (intensive margin) as well as the probability of exporting more products or opening new export destinations (extensive margin) We find that moderate RER up to a certain threshold unconditionally promotes firms' exports at the intensive margin, for all firm sizes and for financially developed or underdeveloped economies alike At the market and product-extensive margins, however, the evidence suggests that the undervaluation export promotion effect is conditional on the size of the firm and confined to medium and large firms only Moreover, RER undervaluation becomes a counter-productive policy instrument for promoting exports at the product-extensive margin in financially developed economies, though it continues to be a viable export strategy for promoting exports at the market-extensive margin.
{"title":"Exchange rate undervaluation, economic institutions and exports performance: evidence from firm-level data","authors":"Ibrahim Elbadawi, Chahir Zaki","doi":"10.1504/ijtgm.2022.10027979","DOIUrl":"https://doi.org/10.1504/ijtgm.2022.10027979","url":null,"abstract":"Exploiting a unique firm level dataset available for four countries (Egypt, Jordan, Kuwait and Yemen), this paper assesses the role of real exchange rate (RER) undervaluation as a determinant of the quantity of exports (intensive margin) as well as the probability of exporting more products or opening new export destinations (extensive margin) We find that moderate RER up to a certain threshold unconditionally promotes firms' exports at the intensive margin, for all firm sizes and for financially developed or underdeveloped economies alike At the market and product-extensive margins, however, the evidence suggests that the undervaluation export promotion effect is conditional on the size of the firm and confined to medium and large firms only Moreover, RER undervaluation becomes a counter-productive policy instrument for promoting exports at the product-extensive margin in financially developed economies, though it continues to be a viable export strategy for promoting exports at the market-extensive margin.","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49341000","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 : 2021-01-01DOI: 10.1504/ijtgm.2021.10029981
D. Lipinsky, V. Bolgova, A. Fomin, Aleksandra A. Musatkina, A. Stankin
{"title":"Legal means of ensuring economic security: the fundamentals of establishment of the system","authors":"D. Lipinsky, V. Bolgova, A. Fomin, Aleksandra A. Musatkina, A. Stankin","doi":"10.1504/ijtgm.2021.10029981","DOIUrl":"https://doi.org/10.1504/ijtgm.2021.10029981","url":null,"abstract":"","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":"18 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66781821","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 : 2021-01-01DOI: 10.1504/ijtgm.2021.10025696
Suthin Wianwiwat, S. Chaengkham
{"title":"The impacts of macroeconomic and financial indicators on stock market index: Evidence from Thailand","authors":"Suthin Wianwiwat, S. Chaengkham","doi":"10.1504/ijtgm.2021.10025696","DOIUrl":"https://doi.org/10.1504/ijtgm.2021.10025696","url":null,"abstract":"","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66781858","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 : 2021-01-01DOI: 10.1504/ijtgm.2021.10026020
P. Kang, K. Hwang, D. Jung
{"title":"The association between human resource investments in the internal accounting control system and non-audit fees: evidence from South Korea","authors":"P. Kang, K. Hwang, D. Jung","doi":"10.1504/ijtgm.2021.10026020","DOIUrl":"https://doi.org/10.1504/ijtgm.2021.10026020","url":null,"abstract":"","PeriodicalId":56183,"journal":{"name":"International Journal of Trade and Global Markets","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66781999","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}