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This paper aims to make a modest attempt to classify the Asia-Pacific countries in terms of the access to information and communication technology (ICT) to unearth the…
This paper aims to make a modest attempt to classify the Asia-Pacific countries in terms of the access to information and communication technology (ICT) to unearth the prevalence of digital divide (if any) in the Asia-Pacific region. In addition to that, this paper also examines the role played by the digital skill in bridging the digital divide in the context of Asia–Pacific countries.
Secondary data on 43 Asia-Pacific countries for the period from 2012 to 2017 was collected from International Telecommunication Union (ITU) database and World Development Indicators, World Bank. K-means clustering technique was applied to explore the natural grouping of the Asia-Pacific countries based on ICT access. The role of digital/ICT skill in narrowing the access-based digital divide was investigated using panel data regression technique.
Clustering of countries suggested a significant difference amongst the Asia-Pacific countries in terms of ICT access, signifying the prevalence of access based digital divide. Digital skill played pivotal role in promoting ICT access and thereby reducing the digital divide during the period of the study. Per capita income level, level of education, openness of the economy and urbanisation were observed to be the determining factors in reducing the digital divide during the period of study in the Asia-Pacific region.
The study makes an unique attempt to explore the role of digital/ICT skill in tapering the access-based digital divide in the context of Asia-Pacific region.
In the present knowledge economy, intellectual capital (IC) is regarded as one of the significant determinants of efficiency, profitability, and ultimately value of a…
In the present knowledge economy, intellectual capital (IC) is regarded as one of the significant determinants of efficiency, profitability, and ultimately value of a firm. This chapter empirically investigates the ramifications of the IC on the level of efficiency of the firm. In addition, exploration of the changing dynamics in the relationship between IC and firm level efficiency in the face of global economic crisis is of special interest of this chapter. In attaining the objectives of the study, a comprehensive database of 299 manufacturing firms (chosen randomly from a stratification of six BSE manufacturing industry subsectors) were utilized during the period from 1999–2000 to 2013–2014. Firm level efficiency scores and implications of IC (as measured by employing Pulic's Value Added Intellectual Capital Model) on the level of efficiency of the firms were examined simultaneously using Stochastic Frontier Analysis. Empirical results revealed that IC significantly determines the efficiency of the manufacturing firms during the period of study. However, the impact of financial crisis was not robust in changing the synergy between efficiency and IC. Size, age, and leverage were also found to be significant determinants of efficiency during the period of study.
In the present era, there is visible trend of transition of the economy from the managerial capitalism to finance capitalism, which increases the role of finance in the…
In the present era, there is visible trend of transition of the economy from the managerial capitalism to finance capitalism, which increases the role of finance in the economic development of a country. The concept of financial development deals with the access, depth, efficiency, and stability of the financial institution and the market of a country. On the other hand, the financial integration is the degree of the financial openness of a country. There are de facto (gross stock of foreign assets and liabilities as a ratio of GDP, cross border capital flows) and de jure (capital account restrictions) measures of the financial integration. An efficient financial system increases the savings rate, which enhances capital accumulation in the economy. This process will channelize the fund from the household to the financial system. The economic liberalization induces the household to utilize their global market fund and enhance the marginal productivity of the capital. A deeper financial integration is expected to increase the public access in the domestic financial market as well as in the global market. Financial integration has some indirect effect on the economic growth through expansion and development of the financial system. In this context, this study examines the state of financial development and the financial integration across emerging countries in Asia. An attempt also was made to investigate whether the developed financial system promotes the financial integration or the financial integration induces the authority to develop the financial system. This study is based on the selected Asian countries over the period 2001–2016. Empirical evidence also support a significant positive association between the indicators of financial development and financial integration. It also indicates an empirical relationship from the financial development to the financial integration, and vice versa.