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This paper seeks to explore the applicability and implications of Bourdieu's field‐capital theory for marketing using original research with a typical European society. Bourdieu's…
Abstract
Purpose
This paper seeks to explore the applicability and implications of Bourdieu's field‐capital theory for marketing using original research with a typical European society. Bourdieu's field‐capital theory proposes that people acquire economic, social and cultural capital which they deploy in social arenas known as “fields” in order to compete for positions of distinction and status. This exploratory study aims to examine how Bourdieu's theory may explain competitive behavior in fields of interest to marketers.
Design/methodology/approach
A total of 61 in‐depth interviews were completed with respondents that were representative of each of 61 geodemographic “types” – clusters that enable marketers to segment an entire population.
Findings
The findings suggest that examining human behaviour through the lens of field and capital theory highlights the importance of the competition motive in explaining consumers' behaviour. New “fields” were identified which seem to have assumed primary importance, particularly in middle‐class people's lives.
Research limitations/implications
Viewing consumer behaviour as social competition implies that new segmentation approaches may yield successful marketing outcomes, and opens consumer psychology and behaviour itself to new interpretations.
Originality/value
Very few research papers that apply field‐capital theory to marketing are present in the literature. It is hoped that this work addresses an important area, and one that is particularly prevalent in twenty‐first century consumerism.
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The National Transportation Safety Board (US) has warned pilots not to become complacent about the threat from airframe and engine icing because of the speed and sophistication of…
Abstract
The National Transportation Safety Board (US) has warned pilots not to become complacent about the threat from airframe and engine icing because of the speed and sophistication of modern aircraft.
Widely varying rates for the prevalence of psychiatric disorder have been reported in the previous published literature. The aims of this study were to describe the prevalence of…
Abstract
Widely varying rates for the prevalence of psychiatric disorder have been reported in the previous published literature. The aims of this study were to describe the prevalence of psychiatric disorders in a random sample of adults with moderate to profound learning disabilities living in the community, and to explore the socio‐clinical factors associated with psychiatric disorders.A process of active case finding was undertaken to identify adults with learning disabilities. A random sample of 240 was taken of whom 121 were found to have moderate to profound learning disabilities at interview. Information was collected on socio‐demographics, service use, physical health, medication use, and life events. Standardised instruments were used to assess psychiatric symptoms, problem behaviour, and severity of learning disabilities. Diagnoses were generated using four diagnostic systems: clinical, DC‐LD, DCR‐10 and DSM‐IV.Higher rates of psychiatric disorder are reported than in previous published studies in the general population and in studies with people with learning disabilities living in the community. Further investigation of the effect of diagnostic system on prevalence rates, and associations of psychiatric disorder are warranted.
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Liudmila V. Shkvarya and Hailing Yu
The relevance of the research topic is due to the high importance of the Belt and Road Initiative (BRI) for increasing the presence of China in the markets of the countries of the…
Abstract
The relevance of the research topic is due to the high importance of the Belt and Road Initiative (BRI) for increasing the presence of China in the markets of the countries of the New Silk Road. The topic becomes more relevant due to the ambiguous results of the BRI, although it was launched in 2013. On the one hand, the effect for China is growing. On the other hand, the effect for the participating countries has not yet reached the level initially declared.
The chapter aims to identify the main challenges and advantages of the BRI based on the involvement of countries and their markets in the trade and economic system formed by China.
The research novelty lies in studying the economic goals and objectives of the People's Republic of China (PRC) under the BRI and the possibilities of using the trade and economic system created by the PRC for developing the PRC and the BRI member countries.
The authors found that the initiative is designed to better integrate the economy of China at the regional and global level, promote the socio-economic progress of the less developed western territories of the country and stabilize foreign trade and domestic socio-economic processes in conditions of global instability. The authors justify that this initiative, uniting more than 80 countries in Asia, Africa and Oceania, will strengthen China's role in the world economy and trade, form a specific international trade and economic platform under the leadership of China and provide the country a leading position in at least three parts of the world.
The authors use traditional economic research methods, such as scientific abstraction, deduction, analysis and synthesis. Additionally, the authors use the method of visualization based on the application of the statistical method.
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Anil Bhuimali, Partha Pratim Sengupta, Sidhartha Sankar Laha and Madhabendra Sinha
This chapter attempts to investigate and analyze the worldwide long-run dynamics among foreign direct investment (FDI) inflow, international trade, and economic growth empirically…
Abstract
This chapter attempts to investigate and analyze the worldwide long-run dynamics among foreign direct investment (FDI) inflow, international trade, and economic growth empirically in the era of globalization. Impact of FDI on economic performances has been a burning topic during the current age. Different theoretical studies viewed both positive and negative impacts of inflow of foreign capital in terms of FDI. We empirically test the relationships among FDI and trade, gross domestic product by using the data for top 20 FDI-hosting countries sourced from UNCTAD in a dynamic panel frame over the period of 1991–2016. The stochastic properties are looked into by carrying out panel data unit root tests developed by Levin, Lin, and Chu (2002) and Im, Pesaran, and Shin (2003). We carry out the generalized method of moments estimates. Empirical findings suggest that inflows of FDI significantly promote economic growth in selected economies.
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Greek economic adjustment and memoranda austerity lasted for 10 years followed by intense academic and political debate over their impact on Greek society. Macroeconomic…
Abstract
Greek economic adjustment and memoranda austerity lasted for 10 years followed by intense academic and political debate over their impact on Greek society. Macroeconomic stabilization succeeded in nominal terms but to the detriment of growth drivers and social welfare involving asymmetrical and high social cost.
The article presents the key growth challenges after March 2020, taking into account the COVID-19 disastrous impact. From an institutional point of view, transaction cost reduction, attainment of market credibility, trust and confidence, and improvement of economic and social cohesion, remain doubtful in the long term if macroeconomic stabilization not collides with export-oriented growth and structural reforms.
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Nikhil Kumar Kanodia, Dipti Ranjan Mohapatra and Pratap Ranjan Jena
Economic literature highlights both positive and negative impact of FDI on economic growth. The purpose of this study is to confirm the relationship between various economic…
Abstract
Purpose
Economic literature highlights both positive and negative impact of FDI on economic growth. The purpose of this study is to confirm the relationship between various economic factors and FDI equity inflows and find out deviations, if any. This is investigated using standard time-series econometric models. The long and short run relationship is inquired with respect to market size, inflation rate, level of infrastructure, domestic investment and openness to trade. The choice of variables for Indian economy is purely based on empirical observations obtained from scientific literature review.
Design/methodology/approach
The study involves application of autoregressive distributive lag (ARDL) model to investigate the relationship. The long run co-integration between FDI and economic growth is tested by Pesaran ARDL model. The stationarity of data is tested by augmented Dickey Fuller test and Phillip–Perron unit root test. Error correction model is applied to study the short run relationship using Johansen’s vector error correction model method besides other tests.
Findings
The results show that the domestic investment, inflation rate, level of infrastructure and trade openness influence inward FDI flows. These factors have both long and short-term relationship with FDI inflows. However, market size is insignificant in influencing the foreign investments inflows. There lies an inverse relation between FDI and inflation rate.
Originality/value
To the best of the authors’ knowledge, the study is original. The methodology and interpretation of results are distinct and different from other similar studies.
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