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1 – 10 of 773The purpose of this study is to explore the pattern of expansion of overseas market for wage earners, inflow of remittances, its disposal pattern and the extent of non-productive…
Abstract
Purpose
The purpose of this study is to explore the pattern of expansion of overseas market for wage earners, inflow of remittances, its disposal pattern and the extent of non-productive investments.
Design/methodology/approach
It analyzed behavioral differences between semi-urban and rural households using primary data collected from 78 remittance recipients in Comilla district. Most of the results were produced using arithmetic analytical tools. Besides, one regression model was fit to quantify the effect of a few identical factors on remittance receipts for semi-urban and rural households.
Findings
Members of semi-urban families were early expatriates, who remitted larger amount than rural ones. Years of schooling and overseas experiences had larger marginal effects on remittance amount in rural area compared to semi-urban one. However, aging and overseas labor freedom influenced negatively anywhere. Rural households were more cautious in spending who had lower remittance elasticity than that of semi-urban ones except of capital items. Household assets were concentrated to lands, home appliances and gold ornaments, the rate of return of which were one-tenth of market interest rate.
Practical implications
Non-productive investments were concentrated the most to land for rural households and to ornaments for semi-urban ones. However, education and healthcare appeared as necessary elements in livelihoods, for which households might move toward human resource-related investment schemes.
Originality/value
This study measured the sensitivity with household spending to remittance receipts and why the remittance was not moving into productive schemes in the process of urbanization.
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Jun Ma, Xuan He, Lina Zhu, Xinchun Li and Ye Liu
This paper, from the perspective of based view of dynamic system, aims to take the family enterprise as a sample to articulate how the speed of institutional change affects the…
Abstract
Purpose
This paper, from the perspective of based view of dynamic system, aims to take the family enterprise as a sample to articulate how the speed of institutional change affects the entrepreneur’s spirit collocation of family enterprises and investigate the moderating effects of the scale of enterprises as well.
Design/methodology/approach
This paper uses survey database from Chinese research of private enterprise group in 2010 with the ninth national large-scale private entrepreneurs, and the legal source of data comes from research center for Chinese family firm of Sun Yat-Sen University. A total of 4,900 questionnaires are issued, 4,614 are recovered and the total recovery rate is 94.16 per cent. In this paper, STATA12.0 is used for data processing and basic regression testing. To overcome the possible existence of the different variance problem, the authors use the feasible generalized least squares to estimate the model.
Findings
The speed of institutional change will lead to the reduction of unproductive activities and the increase of productive activities in the area where the speed of institutional change is slow. Meanwhile, the scale of enterprise can reverse the negative relationship between the speed of institutional change and unproductive activities. The speed of institutional change will lead to the reduction of unproductive activities and the increase of productive activities in the area where the speed of institutional change is fast. Meanwhile, the scale of enterprises can reverse the positive relationship between the speed of institutional change and the unproductive activities.
Originality/value
It can be concluded that because of the difference of the regional market, a positive U-type reflects the relationship between the speed of institutional change and the entrepreneur’s allocation of entrepreneurship in family firms, whereas the scale of enterprises plays a key role of nonlinear regulation. This research has a certain theoretical value and practical significance on the understanding of how family firms make strategic decisions in response to institutional change and it can further enrich the research results of entrepreneurship allocation theory and institutional change theory.
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Issah Justice Musah-Surugu, Albert Ahenkan, Justice Nyigmah Bawole and Samuel Antwi Darkwah
The much-trumpeted Green Climate Fund and several other official financial mechanisms for financing adaptation to climate change under the UN Framework Convention on Climate…
Abstract
Purpose
The much-trumpeted Green Climate Fund and several other official financial mechanisms for financing adaptation to climate change under the UN Framework Convention on Climate Change have fallen short in meeting adaptation needs. Many poorer people are still grappling with the scourge of climate change impacts. Consequently, there has been a dominant research focus on climate change financing emanating from official development assistance (ODA), Adaptation Fund, public expenditure and private sector support. However, there has been little attempt to examine how migrants’ remittances can close adaptation financing gaps at the local level, ostensibly creating a large research gap. This paper aims to argue that migrants’ remittances provide a unique complementary opportunity for financing adaptation and have a wider impact on those who are extremely vulnerable to climate change.
Design/methodology/approach
The paper is aligned to the qualitative research approach. Both secondary and primary data acquired through interviews and focus group discussions were used for the study. Multiple sampling methods were also used to select the respondents.
Findings
The findings show that remittances are used to finance both incremental costs of households’ infrastructure and consumption needs, as well as additional investment needs to be occasioned by ongoing or expected changes in climate.
Originality/value
In the wake of dwindling government/public revenue, ODA and poor commitment of Annex II countries to fulfil their financial obligations, the study makes the following recommendations: First, the financial infrastructure underpinning money transfers in both sending and recipient countries should be improved to make transfers attractive. Second, significant steps should be taken to reduce the fees on remittance services, especially for the small transfers typically made by poor migrants. Finally, adequate climatic information should be made available to local people to ensure that remittances are applied to the right adaptation option to avoid maladaptation.
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Non‐use or under‐exploitation of any service provided by the employer at work as an aid to work represents a non‐productive investment. Non‐use of libraries may be voluntary (i.e…
Abstract
Non‐use or under‐exploitation of any service provided by the employer at work as an aid to work represents a non‐productive investment. Non‐use of libraries may be voluntary (i.e. non‐use of an on‐site library) or involuntary (no access to such a facility). Non‐use is much larger than previously thought. Brief profiles of non‐users are presented. The types of service that might attract and satisfy non‐users are presented as well as those that would retain users, and the kind of promotional campaign required.
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This essay demonstrates that US economist Charles Post’s attempted rebuttal of the ‘labour aristocracy’ thesis is both theoretically and empirically flawed. Defending the…
Abstract
This essay demonstrates that US economist Charles Post’s attempted rebuttal of the ‘labour aristocracy’ thesis is both theoretically and empirically flawed. Defending the proposition that colonialism, capital export imperialism and the formation of oligopolies with global reach have, over the past century and more, worked to sustain the living standards of a privileged upper stratum of the international working class, it rejects Post’s assertion that the existence of such cannot be proven. The essay concludes with a working definition of this ‘labour aristocracy’, setting the concept within the field of global political economy and reclaiming its relevance to the Marxist tradition.
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This paper aims to examine Bangladesh's overall economy with special focus on strengths, weaknesses, opportunities, threats (SWOT) analysis, choosing right foreign direct…
Abstract
Purpose
This paper aims to examine Bangladesh's overall economy with special focus on strengths, weaknesses, opportunities, threats (SWOT) analysis, choosing right foreign direct investment (FDI) strategy, remittance inflow, lessons from South East Asian nations, risk factors and aftermath.
Design/methodology/approach
Phenomenological research has raised awareness and increased insight into Bangladesh's overall strength, weakness, opportunity and threat in terms of her current position in world economy. The approach is based on observation of the business environment, online research, a close watch on Bangladesh's economy, analysis of newspapers, books, brainstorming with co‐researchers for five years and 30 years of living and working experience in developing countries.
Findings
The research has found that Bangladesh is going to encounter series of economic hurdles in near future. A SWOT analysis of Bangladesh has uncovered her overall strength, weakness, opportunity and threat in terms of her current position in world economy. Despite some strengths and opportunities, Bangladesh has lots of weaknesses and threats that could seriously undermine nation's development process at any time. A holistic and concerted effort is much sought after to address those problems while capitalising on strengths and opportunities. Side by side, Bangladesh should try her level best to attract quality FDI. However, remittance inflow plays very crucial role in Bangladesh's economy. But deplorably, since it is almost impossible to follow the successful model of South East Asian nations, Bangladesh does not have any sure success formula of any country in hand to follow. In fact, many less successful countries will have to struggle for long uncertain period. And sadly, Bangladesh falls into that category indeed. In fact, Bangladesh's economy has been on an inherently unstable path that can only end in tears. But remittance inflow will act as lifeblood for Bangladesh's economy and it will slow down the total apocalyptic process indeed. However, considering the totality, Bangladesh must have to face several critical challenges at once even before embarking on the track of vision 2020! Truly, nightmare is just on!
Originality/value
This paper offers a holistic view that would guide a reader to identify key challenges of a typical least developed country.
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Anne de Bruin and Susan Flint‐Hartle
This paper attempts to explain the motivations of residential rental property investors in New Zealand in terms of the behavioural assumption of bounded rationality. Commencing…
Abstract
This paper attempts to explain the motivations of residential rental property investors in New Zealand in terms of the behavioural assumption of bounded rationality. Commencing with a rejection of the more standard neo‐classical economics view of rationality as an explanation of investment behaviour, the paper seeks to both examine the extent to which bounded rationality applies to the investment behaviour encountered and to elaborate on that behaviour. The discussion is underpinned by the findings of a postal survey of a large nationwide sample of private residential rental property owners, and is directly based on a study of a smaller sample of investors using in‐depth interview techniques. Qualitative analysis overlays the quantitative data, to enable better exploration of the constraints within which individual investors operate.
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Simon Reay Atkinson, Amanda Goodger, Nicholas Caldwell and Liaquat Hossain
Competition for resources appears to be increasing at a time of political, security (including energy, food and climate) and economic change; leading to potential collapse. The…
Abstract
Purpose
Competition for resources appears to be increasing at a time of political, security (including energy, food and climate) and economic change; leading to potential collapse. The purpose of this conceptual paper is to examine the impact of policies exercised at the macro level on methods and processes applied at the micro level through, for example, performance management. It looks at the impact at the micro level on the macro and upon industry, innovation and the generation of productive wealth. It contrasts the techno‐socio application of Lean with the socio‐techno dynamics of agility as impacted by the info‐techno‐socio and emerging socio‐info‐techno systems.
Design/methodology/approach
From collaborative doctoral level research and an extensive literature review – integrating the three cultures (the natural sciences, the social sciences and the humanities) – macro/global and local/micro cross level thematic complex systems models were identified and modelled across their connecting political, security and economic ecologies. Connecting models were designed considering “trust” and “risk” as applied to socio, techno and info‐techno systems. These systems were then considered in terms of lean and agility and their impact “in the extreme” and “over time” on complex political, security economic models.
Findings
Lean in the extreme can lead to vertical polarisation; causing conditions for competition leading to hyper‐competition.
Originality/value
Complex models are considered and explained by historical reference and story‐telling so as to enable access across different disciplines and to explain and potentially inspire researchers, managers, consultants and workers to consider alternative less competitive and more agile, collaborative and adaptive futures.
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Level of trust among the members is considered to be an important component that contributes towards the economic growth in an economy. The purpose of this paper is to examine the…
Abstract
Purpose
Level of trust among the members is considered to be an important component that contributes towards the economic growth in an economy. The purpose of this paper is to examine the effect of trust level along with income per capita, human capital (education level), investment, labor force and political institutions on the economic performance.
Design/methodology/approach
In this research, panel data as well as cross-country analysis were applied on a sample of 64 countries from 1980 to 2014. Countries were further divided into developed and developing countries to observe the resultant effect of trust on economic performance. To explain the monotonic relationship between trust and economic performance, a non-linear term of trust is added to the regression model to see the impact of change in trust level on economic performance.
Findings
Empirical results show that there is a positive relation between social trust and economic performance. The result further describes that investment and human capital are leading determinants of economic performance. To explain the monotonic relationship between trust and economic performance, the study adds non-linear term of trust in regression model. The result explains U-shaped path between trust and economic performance in developing countries and inverse U-shaped path in developed countries.
Practical implications
The study adds valuable insight to the debate of relationship between trust level and economic performance. Business and managers can use this insight while making international strategic decisions regarding foreign direct investments and international expansions.
Originality/value
This study highlights the importance of trust in developing and developed countries and shows that trust works as a strong binding in holding societies together and better economic performance is not possible, especially in developing countries where there is a lack of trust.
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