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Article
Publication date: 13 May 2021

Marisa Ramírez-Alesón and Marta Fernández-Olmos

This paper explores the importance of the importing intensity for different intermediate inputs depending on their source (internal sourcing or intra-firm trade versus external…

Abstract

Purpose

This paper explores the importance of the importing intensity for different intermediate inputs depending on their source (internal sourcing or intra-firm trade versus external sourcing or foreign suppliers) for different types of innovation (product and process innovation) and applied to MNEs (foreign versus domestic).

Design/methodology/approach

The sample contains 2,448 firm-year observations (2006–2016) of firms located in Spain that belong to an MNE group. The authors applied a conditional mixed process to a panel recursive bivariate probit model with robust standard errors.

Findings

The authors obtained three key results. First, intermediate imports do not always contribute to improving innovation, since their effects vary depending on their source. Second, intermediate imports from foreign suppliers (external source) are more advantageous for product innovation than those from intra-firm trade (internal source). Third, intermediate imports from intra-firm trade are more important for process innovation than those from foreign suppliers. Thus, the impact of importing intermediate inputs on innovation is contingent on the source of the imports, the ownership of the MNE and the type of innovation.

Originality/value

The paper contributes to this topic with new insights and results for MNEs. It identifies which import source is best for innovation depending on the type of innovative result expected. Moreover, it helps to uncover simultaneity and causal relationships between product and process innovation, issues which have not previously been considered in the literature.

Details

Baltic Journal of Management, vol. 16 no. 4
Type: Research Article
ISSN: 1746-5265

Keywords

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-83867-294-2

Book part
Publication date: 21 May 2021

İbrahim Murat BİCİL and Kumru TURKOZ

Introduction: Although the concept of energy security has different meanings for each country, it is included in the energy policies of all countries in general. Energy security…

Abstract

Introduction: Although the concept of energy security has different meanings for each country, it is included in the energy policies of all countries in general. Energy security policies have more strategic importance especially for energy-importing countries. Imported energy sources are widely used in Turkey as in many countries. The variety of imported energy sources and the density of imports according to the imported countries affect the security of imported energy supply. Although the high density of imports is a risk factor, there are political and structural factors that may affect economic relations with the countries where energy is imported.

Aim: The aim of this study is to measure the short-term risk for the import of fossil resources in Turkey for the period 1999–2018.

Method: An index has composed by revising the risky external energy supply index included in the study of Le Coq and Paltseva (2009).

Findings: Empirical findings showed that on average, the most risky source of imports based on fossil resources is oil, followed by natural gas and coal respectively.

Originality of the Study: Various risk factors such as fossil fuel import intensity, political risk, and logistics performance have been taken into consideration in the proposed index. So this index proposed for Turkey, is expected to offer a different perspective to the energy supply security literature.

Implications: The proposed risk index has enabled the measurement of the level of risk in imported fossil sources in Turkey. Thus, policy implications have been made for energy supply security.

Details

New Challenges for Future Sustainability and Wellbeing
Type: Book
ISBN: 978-1-80043-969-6

Keywords

Article
Publication date: 1 November 2003

Lynne Eagle, Philip J. Kitchen, Lawrence Rose and Brendan Moyle

Brand equity has received significant academic attention since the mid‐1990s. This has been driven partly by changes in international accounting standards as they relate to the…

7848

Abstract

Brand equity has received significant academic attention since the mid‐1990s. This has been driven partly by changes in international accounting standards as they relate to the reporting of the financial value of intangible assets. A more prominent driver concerns the impact of marketing, and of marketing communication activity in particular, on brand performance. Much of the academic debate, however, has centered on conflicting definitions of brand equity and on seeking ways of measuring or quantifying the value of equity. Attention is now turning to examining the nature of equity and of factors that may threaten it. This paper examines the potential impact of parallel importing on brand equity and provides a substantive theoretical background. The paper then reports the findings from an exploratory study involving depth interviews with New Zealand brand managers whose brands have been affected by this activity.

Details

European Journal of Marketing, vol. 37 no. 10
Type: Research Article
ISSN: 0309-0566

Keywords

Open Access
Article
Publication date: 31 May 2022

Assem Abu Hatab and Yves Surry

A better understanding of the determinants of demand through accurate estimates of the elasticity of import demand can help policymakers and exporters improve their market access…

1053

Abstract

Purpose

A better understanding of the determinants of demand through accurate estimates of the elasticity of import demand can help policymakers and exporters improve their market access and competitiveness. This study analyzed the EU's demand for imported potato from major suppliers between 1994 and 2018, with the aim to evaluate the competitiveness of Egyptian potato.

Design/methodology/approach

This study adopted an import-differentiated framework to investigate demand relationships among the major potato suppliers to the EU's. To evaluate the competitiveness of Egyptian potato on the EU market, expenditure and price demand elasticities for various suppliers were calculated and compared.

Findings

The empirical results indicated that as income allocation of fresh potatoes increases, the investigated EU markets import more potatoes from other suppliers compared to imports from Egypt. The results show that EU importers may switch to potato imports from other suppliers as the import price of Egyptian potatoes increases, which enter the EU markets before domestically produced potatoes are harvested.

Research limitations/implications

Due to data unavailability, the present study relied on yearly data on quantities and prices of EU potato imports. A higher frequency of observations should allow for considering seasonal effects, and thereby providing a more transparent picture of market dynamics and demand behavior of EU countries with respect to potato import from various sources of origin.

Originality/value

The study used a system-wide and source differentiated approach to analyze import demand. In particular, the empirical approach allowed for comparing different demand models (AIDS, Rotterdam, NBR and CBS) to filter out the superior and most suitable model for that data because the suitability and performance of a demand model depends rather on data than on universal criteria.

Details

Journal of Agribusiness in Developing and Emerging Economies, vol. 14 no. 2
Type: Research Article
ISSN: 2044-0839

Keywords

Abstract

Details

Energy Economics
Type: Book
ISBN: 978-1-83867-294-2

Abstract

Details

Panel Data Econometrics Theoretical Contributions and Empirical Applications
Type: Book
ISBN: 978-1-84950-836-0

Article
Publication date: 24 July 2023

Nazif Durmaz and Shuzhe Zheng

As one of the world's most valuable traded commodities, the market for coffee beans has grown enormously in recent years. The paper aims on analyzing the nonlinear exchange rate…

Abstract

Purpose

As one of the world's most valuable traded commodities, the market for coffee beans has grown enormously in recent years. The paper aims on analyzing the nonlinear exchange rate pass-through in Turkish coffee bean imports from two important sources in South America: Brazil and Colombia.

Design/methodology/approach

Data collected in this paper through reliable channels include nominal import value, exchange rate, production of total industry, etc. Independent and dependent variables are obtained through conversion. Since the nonlinearly adjusted exchange rate differs significantly from the linearly adjusted one for the export trade of Brazilian coffee beans, this paper develops the autoregressive distributed lag (ARDL) and nonlinear ARDL frameworks and demonstrates their application through asymmetric cointegration and error correction models.

Findings

The results of this paper show that imports of Brazilian coffee bean exhibit a more dramatic asymmetry compared to Colombia's coffee bean imports. The results of this study contribute to the import trade of non-oil commodities in developing countries, particularly Brazil, and enrich the existing literature on nonlinear exchange rate adjustments.

Research limitations/implications

The export of Colombian coffee beans is not as old as Brazil, and it was not until much later that Colombia began to export coffee beans to the rest of the world.

Originality/value

The present study is an addition to the literature of agricultural trade. The authors analyze the nonlinear exchange rate pass-through in Turkish coffee bean imports from two important sources in South America: Brazil and Colombia. Different from the current mainstream research on oil commodity trade, this paper focuses on international trade from the perspective of coffee beans, which can enlighten the practice in this field.

Details

Journal of Agribusiness in Developing and Emerging Economies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2044-0839

Keywords

Article
Publication date: 15 June 2012

Baboo M. Nowbutsing and Sonalisingh Ramsohok

The relationship between China and Mauritius dates back centuries due to the Chinese diaspora in Mauritius. The rise of China in the global economy has raised several questions…

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Abstract

Purpose

The relationship between China and Mauritius dates back centuries due to the Chinese diaspora in Mauritius. The rise of China in the global economy has raised several questions. China is investing massively in several nations. The question remains whether it is for mutual benefits or the Chinese quest for world dominance. China is the second top importing partner of Mauritius. However, the main export destinations of Mauritius remain Europe and the USA. The purpose of this paper is to address the impact of the emergence of China on the Mauritian economy.

Design/methodology/approach

In order to assess the short‐term costs stemming from Chinese competition, the authors have built two indexes of trade competition. The aim of these indexes is to compare the exporting structure of China with Mauritius in a particular period of time. If the exporting structure between two countries is quite similar, then trade competition is more likely. These indexes are built using the Comtrade database. The indexes are modified versions of the well‐known coefficient of specialisation (CS) and coefficient of conformity (CC). These two indexes examine and compare the exporting structure of Mauritius and China to finally show the degree of trade competition between the two economies. Further the paper adopts the Engle Granger procedure to assess the impact of import competition from China.

Findings

Using two indexes of trade competition, it is found that both countries have similar export structure. The authors presume that it will be impossible for Mauritius to compete with China mainly because of the latter's cheap labour advantage and natural resources availability. Further, it was found that while Mauritius is consolidating its revealed comparative advantage (RCA) in its two top exporting products, China's RCA is increasing in those products where that of Mauritius is decreasing. Finally, it was found that an increase in real GDP per capita will have a positive impact on Mauritius and there is no relationship between the two countries' openness.

Originality/value

To the knowledge of the authors, this is the first study attempting to assess the impact of the rise of China on the Mauritius economy. Further, the analyses make use of a both statistical and econometric analysis to tackle the problem in hand.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 5 no. 2
Type: Research Article
ISSN: 1754-4408

Keywords

Article
Publication date: 31 July 2018

Bukar Zanna Waziri, Aminu Hassan and Reza Kouhy

Net energy importing countries (NEICs) pursue strategic policies to reduce the consumption of energy from conventional sources and increase that of renewable energy to attain…

Abstract

Purpose

Net energy importing countries (NEICs) pursue strategic policies to reduce the consumption of energy from conventional sources and increase that of renewable energy to attain energy security and sustainable development. However, net energy exporting countries (NEECs) rely substantially on the proceeds realised from oil and gas exports to mainly NEICs to finance government activities. This paper aims to investigate the effect of increased consumption of renewable energy in developed NEICs on the Nigeria’s oil and gas exports.

Design/methodology/approach

The study was undertaken by analysing macro-economic annual time-series data set (1980-2014) using autoregressive distributed lag (ARDL) bounds testing approach.

Findings

Both the short-run and the long-run results of the ARDL modelling reveal that renewable energy consumption in developed NEICs is affecting Nigeria’s oil and gas exports negatively, thereby causing significant decrease in the amounts of revenue being generated therefrom.

Research limitations/implications

Like most empirical studies, the conduct of this research has encountered some challenges. Thus, the use of rather small sample in terms of period covered (1980-2014), annual frequency of data and focus on one NEEC (Nigeria) are the key limitations of this paper. While the first two challenges were dealt with by using ARDL, future research can focus on other NEECs to extend the study.

Practical implications

The findings have several policy implications, including the need for Nigeria to focus on developing internal market trajectories to increase domestic utilisation of its conventional energy rather than depending on external markets. The results also suggest the need for public policymakers to develop a strategic plan that will effectively address the external economic threat arising from the influence of global energy transition.

Originality/value

To the best of the authors’ knowledge, this paper represents the first effort to empirically examine the effect of renewable energy consumption by developed NEICs on the Nigeria’s oil and gas exports. The paper contributes to the literature by providing insight into and documenting evidence that the world is taking transitioning to cleaner energy sources very seriously.

Details

International Journal of Energy Sector Management, vol. 12 no. 4
Type: Research Article
ISSN: 1750-6220

Keywords

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