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Open Access
Article
Publication date: 30 January 2004

Jaehwa Lee

This paper considers a broader concept of economic integration in order to analyze the impact of integration on economic growth within the context of the knowledge-driven…

Abstract

This paper considers a broader concept of economic integration in order to analyze the impact of integration on economic growth within the context of the knowledge-driven endogenous economic growth model. The equilibrium growth rate derived from the model implies that while increasing the flow of ideas from integration speeds up the long-run rate of growth, impact of trade liberalization is complicated and not decisive. The overall impact of economic integration on • economic growth depends on various aspects of the economy which are related to its R&D investment such as knowledge spillovers, and industrial and market structures. The results of this paper suggest that policy makers need to consider international economic policy, market structure and industrial policy all at once, with special emphasis on the effect affirms' R&D activities when making decisions on economic integration.

Details

Journal of International Logistics and Trade, vol. 1 no. 2
Type: Research Article
ISSN: 1738-2122

Keywords

Open Access
Article
Publication date: 19 May 2021

Khizran Zehra and Sadia Usmani

Refugee entrepreneurship is increasing because of the increased influx of refugees around the globe. This leaves us with the question that how refugees integrate economically in…

3423

Abstract

Purpose

Refugee entrepreneurship is increasing because of the increased influx of refugees around the globe. This leaves us with the question that how refugees integrate economically in the host country in the presence of all social, emotional and economic constraints. Existing literature suggests looking into the role of social capital to address refugee economic integration, particularly in developing nations. To acknowledge this call, this paper aims to explore the impact of family social capital on the economic integration process. Particularly, this study has investigated the Afghan refugee entrepreneurial activities and the integration process of Afghan refugees in economic and social spaces in Pakistan.

Design/methodology/approach

The study is rooted in 18 in-depth interviews with five participants that run small businesses in the city of Rawalpindi in Pakistan.

Findings

The findings revealed Afghan refugee entrepreneurs, develop a different type of family social capital i.e. horizontal and vertical social capital. Afterward, when the acculturation pace up across refugees’ generations then they accumulate bridging social capital gradually. The process of economic integration happens in different stages as also shown in the existing literature. Based on (Berry, 2003; Evansluong et al., 2019; Khulman, 1991) economic integration process this paper has discussed three main stages (entry in labor market, gradual integration and gradual sub-merging in host society) of Afghan refugee economic integration in Pakistan and further this study has shown how different steps are arranged within these stages to smoothen the integration process.

Research limitations/implications

With this research, this paper calls for a more nuanced approach to address the challenges that are faced by refugees during their economic integration. Future research on Afghan economic and social integration can contribute to a better understanding of refugee settlement, well-being and self-sufficient status in host countries. One of the limitations of the study is the focus on male participants because female Afghan refugees do not work mostly because of strong patriarchal structures observed in refugee Afghan groups.

Practical implications

Most Afghan entrepreneurs consider them as Pakistani and do not want to repatriate to Afghanistan. This provides an opportunity for Pakistani policymakers to provide regulations and opportunities to Afghan entrepreneurs who want to stay in Pakistan and contribute to their family well-being and economic income generation and employment in Pakistan.

Social implications

The role of the family acts as a means to refugee entrepreneurs’ integration in the host country. Strong migration networks and dense family configurations are a source of pride, responsibility, resilience and self-esteem for Afghan refugees to start and expand their businesses.

Originality/value

This study provides the opportunity to explore the under-researched role of family social capital in the migrant and refugee entrepreneurship literature.

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. 17 no. 1
Type: Research Article
ISSN: 1750-6204

Keywords

Article
Publication date: 1 April 2003

Georgios I. Zekos

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some…

88492

Abstract

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Details

Managerial Law, vol. 45 no. 1/2
Type: Research Article
ISSN: 0309-0558

Keywords

Open Access
Article
Publication date: 6 November 2023

Thabo J. Gopane

This study examines the impact of regional economic integration (REI) on stock market linkages in the BRICS (Brazil, Russia, India, China and South Africa) economic bloc. In this…

Abstract

Purpose

This study examines the impact of regional economic integration (REI) on stock market linkages in the BRICS (Brazil, Russia, India, China and South Africa) economic bloc. In this type of study, the BRICS framework is an appealing empirical case, given its uncommon characteristics. For example, BRICS member states come from remote geographic locations (Africa, Asia, Europe and South America) and have contrasting socioeconomic profiles.

Design/methodology/approach

An empirical design is framed from the perspective of bilateral trade between South Africa and BRIC. The author accepts trade intensity as a proxy of regional economic integration and then examines the resulting effect on the stock market co-movement within BRIC. The study applies a two-step econometric procedure of the BEKK-MGARCH and panel data models.

Findings

Overall, bilateral trade, as a proxy of economic inwctegration, is associated with an increase in stock market integration. This positive relationship is particularly observed during episodes of surplus trade, and more interestingly, was initiated three years after BRICS’ existence and continues to grow at an increasing rate.

Practical implications

The study outcome should benefit international trade practitioners and global investors interested in portfolio diversification or concerned with risk spillovers.

Originality/value

First, notwithstanding South Africa's significant economic presence in the African continent, to the best of the author’s knowledge, this is the first study to empirically evaluate the BRICS economic integration on their stock market linkages from the perspective of South Africa. The value of this contribution is that further work may investigate the bidirectional spillover impact conveyed by South Africa's trade interactions within the juxtaposition of Africa and BRICS economies. Second, given that research on REI and stock market integration has historically concentrated on mature regional blocs of Europe, Asia, South and North America, the current study advances knowledge while correcting the prevailing literature imbalance.

Details

Journal of Economics, Finance and Administrative Science, vol. 28 no. 56
Type: Research Article
ISSN: 2077-1886

Keywords

Article
Publication date: 8 May 2018

Danko Tarabar

The purpose of this paper is to empirically uncover the relationship between economic integration and levels of entrepreneurial activity across 24 EU countries between 2004 and…

Abstract

Purpose

The purpose of this paper is to empirically uncover the relationship between economic integration and levels of entrepreneurial activity across 24 EU countries between 2004 and 2012. The deepening of EU integration corresponds to increases in the size and competitiveness of domestic markets as member states reorient economic activity toward the larger, competitive single market. Spillovers of both economic and political dimensions of integration in the common market on micro firm and self-employment are considered. The paper contributes to the understanding of the hypothesized relationship between globalization and the rise of entrepreneurial economy.

Design/methodology/approach

The paper uses fixed effects linear regression models to estimate the marginal effects of economic integration on entrepreneurial activity. Several dependent variables and controls for social, economics, and institutional context are used to confirm the robustness of the results.

Findings

The paper finds that increased economic activity of member countries within the EU common market, as well as institutional compliance and integration in the European Monetary Union and Schengen Agreement are positively and significantly associated with the rise of entrepreneurship. Notably, it is found that a standard deviation increase in economic and political integration is associated with, respectively, 16 and 7.2 percent increase in micro firm density. Some preliminary evidence on the quality of the arising entrepreneurial activity are also given.

Originality/value

The paper takes stock of existing descriptive and theoretical literature on global economic integration and entrepreneurship to uncover, for the first time, the empirical relationship between entrepreneurship and levels of economic and political integration within the EU bloc.

Details

Journal of Entrepreneurship and Public Policy, vol. 7 no. 2
Type: Research Article
ISSN: 2045-2101

Keywords

Article
Publication date: 14 May 2020

Galina N. Semenova, Elena I. Larionova, Oleg G. Karpovich, Sergei V. Shkodinsky and Fatima M. Ouroumova

The purpose of the work consists in studying social integration as a factor of economic growth. The authors focus on experience and perspectives of developing countries, as they…

Abstract

Purpose

The purpose of the work consists in studying social integration as a factor of economic growth. The authors focus on experience and perspectives of developing countries, as they show the highest rate of economic growth and have high potential of its acceleration.

Design/methodology/approach

The authors determine the interconnection between the processes of social integration in the four distinguished manifestations with the help of regression analysis and determine the level of homogeneity of data selections for each studied indicator with the help of variation analysis. Scenario analysis of future perspectives of the change of economic growth depending on the influence of the factor of social integration in the unity of its distinguished types is performed. Monte Carlo method is used for forecasting of change of the values of indicators of social integration.

Findings

It is substantiated that social integration is an important factor of economic growth. At the same time, the influence of this factor on economic growth of developing countries is ambiguous. Due to the offered proprietary classification of social integration according to the criterion of involved subjects, it is possible to establish that such types of social integration as integration of social groups, integration of business and society and integration of state and society have a positive influence. However, individual's integration into society has a negative influence.

Originality/value

The research contributes to development of economics by substantiating the significance of the social integration factor for economic growth and specifies the logic of management of this factor, which should be flexible. The perspectives of developing countries in acceleration of the rate of economic growth based on managing the factor of social integration are rather wide and envisage the increase of society's inclusion and the level of consumer consciousness and more active involvement of population into state management in the digital economy.

Details

International Journal of Sociology and Social Policy, vol. 41 no. 1/2
Type: Research Article
ISSN: 0144-333X

Keywords

Article
Publication date: 20 June 2008

Amzad Hossain Kamal Naser

The purpose of this paper is to analyze the effectiveness of the GCC integration.

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Abstract

Purpose

The purpose of this paper is to analyze the effectiveness of the GCC integration.

Design/methodology/approach

Both descriptive and comparative analyses are used. In order to measure the effectiveness, indicators like trends of trade, FDI inflows, joint venture project activities and technology diffusion are considered.

Findings

The analyses revealed that the Gulf Cooperation Council (GCC) regularly reviews the collective process of all the proposals to be executed. It also conducts an in‐depth analysis of all issues concerning the GCC states and their societies. The analyses also showed increasing trends in exports and imports, and high‐tech manufacturing after implementing customs union. In the same fashion, the number of joint venture projects, total capital investment and capital investment per project increase dramatically after executing customs union. The analysis further shows that the investment in large‐scale joint venture projects increases during the same period. The paper finds a sharp increase in FDI during the period between 2001 and 2004; within this period, the customs union has been implemented. This increased FDI is mainly due to the fact that the GCC attains enlarged domestic market size and stable economic growth after the GCC integration. The GCC integration also contributes to improve the push and pull factors of FDI that have further attracted increased FDI. The paper shows that the GCC countries have adapted and deployed new technology considerably quickly during the period 1999 to 2005 compared with the 1990s.

Practical implications

The study noticed improvements in all indicators as well as the push and pull factors that enhance effectiveness of the GCC integration. To attain more effective regional integration, a periodic review of all the issues concerning the GCC states and their societies in light of the advancement taking place in the Arab world and international arenas is vital.

Originality/value

The study finds that the effectiveness of the GCC integration is progressive. The integrators that measure effectiveness such as trends of trade, FDI inflows, joint venture project activities and technology diffusion show increasing trends.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 1 no. 2
Type: Research Article
ISSN: 1753-8394

Keywords

Article
Publication date: 23 November 2021

Minh Hue Nguyen, Anh Chi Phan and Yoshiki Matsui

This study seeks to investigate the impact of supply chain integration (SCI) practices on economic performance in Vietnamese enterprises.

Abstract

Purpose

This study seeks to investigate the impact of supply chain integration (SCI) practices on economic performance in Vietnamese enterprises.

Design/methodology/approach

Based on data collected from 144 Vietnamese enterprises, this study employs partial least squares path modeling to analyze the direct and indirect relationships among external integration, information integration, process integration and economic performance.

Findings

Analytical results indicate that of the three SCI practices, external integration has a significant and positive impact on economic performance. Process integration and information integration, on the one hand, reveal insignificant direct impact on economic performance, and on the other, show significant indirect effect on economic performance through external integration.

Originality/value

This study sheds new light on the contribution of SCI to economic performance in developing economies and offers suggestions for not only local management but also foreign investors on the efficient allocation of resources to achieve higher economic performance.

Details

Benchmarking: An International Journal, vol. 29 no. 9
Type: Research Article
ISSN: 1463-5771

Keywords

Article
Publication date: 23 May 2008

L. Raimi and H.I. Mobolaji

The paper was written to highlight the advantages of initiating economic integration among Muslim countries across the globe, drawing special lessons from Europe's experience; its…

1968

Abstract

Purpose

The paper was written to highlight the advantages of initiating economic integration among Muslim countries across the globe, drawing special lessons from Europe's experience; its successful economic integration and challenges which trailed the process.

Design/methodology/approach

The methodology is basically descriptive and analytical. Theoretical construct and model on economic integration was developed for adoption by the Muslim countries. The model seeks to enhance their economic strength through intra and inter trade relations and reduces their weaknesses through specialization. Secondary data from Organization of the Islamic Conference and Islamic Development Bank member countries were exhaustively used in the study.

Findings

The paper found out that integration is plausible and beneficial, however, a concerted effort must be made in promoting technological development, raise human capital, and improve the product diversification among Muslim countries while developing stable institutions and infrastructures. Two, the potential benefits of integrating exceed the costs. The emphasis needs to be, not in cutting costs/inputs (reductionist approach), but on generating more wealth/revenue/income (incrementalist approach) that results in reducing the huge external debt, poverty, diseases, frustration, and corruption in most Muslim countries. Three, key to Muslims' socio‐economic happiness is through mutual cooperation for growth and development (Qur'an 42:38, Q3:159).

Research limitations/implications

The major contributions of this paper are three, firstly, the paper explores a faith‐based integration effort, and secondly, it identifies reasons for low success in the integration efforts among Muslim countries and finally suggests an econometric model based on faith that neglects the artificial geographical barrier.

Practical implications

The practical implication of the paper is the recommendation to establish a Muslim Economic Bloc because Muslim countries are economically heterogenous group, with uneven development and growth pattern.

Originality/value

The paper is major contribution in the field of Islamic economics and applied economics. Contrary to what we know in the conventional economics, this paper advocates a faith‐based economic model and bloc in a globalised world economy. It is a contribution to existing literature.

Details

Humanomics, vol. 24 no. 2
Type: Research Article
ISSN: 0828-8666

Keywords

Article
Publication date: 16 March 2015

Morton Beiser, Alasdair M. Goodwill, Patrizia Albanese, Kelly McShane and Parvathy Kanthasamy

Refugees integrate less successfully than other immigrants. Pre-migration stress, mental disorder and lack of human capital are the most popular explanations, but these…

Abstract

Purpose

Refugees integrate less successfully than other immigrants. Pre-migration stress, mental disorder and lack of human capital are the most popular explanations, but these propositions have received little empirical testing. The current study of Sri Lankan Tamils in Toronto, Canada, examines the respective contributions of pre-migration adversity, human capital, mental health and social resources in predicting integration. The paper aims to discuss these issues.

Design/methodology/approach

Participants are a probability sample of 1,603 Sri Lankan Tamils living in Toronto, Canada. The team, with a community advisory council, developed structured interviews containing information about pre- and post-migration stressors, coping strategies, and family, community, and institutional support. The questionnaire included the World Health Organization Composite International Diagnostic Interview module for post-traumatic stress disorder (PTSD). Interviews were translated, back-translated and administered by bilingual interviewers.

Findings

Two dimensions of integration emerged from a factor analysis of integration-related items: economic and psychosocial. Hierarchical multiple regression analyses revealed that PTSD militated against refugee economic integration, whereas pre-migration adversity (but not PTSD) compromised psychosocial integration. On both measures, increasing length of residence in Canada, and gender (male) were predictors of good integration, whereas age at arrival had an inverse relationship with integration. Religiosity had a positive effect on psychosocial integration but a negative effect on economic. Favourable perceptions of the health care system predicted economic integration and non-family support predicted psychosocial integration.

Originality/value

Results underline the importance of studying integration as a multifaceted phenomenon, help explain why refugees integrate less successfully than other immigrants, and highlight the importance of including mental health and mental health-related issues in integration discourse.

Details

International Journal of Migration, Health and Social Care, vol. 11 no. 1
Type: Research Article
ISSN: 1747-9894

Keywords

1 – 10 of over 68000