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Article
Publication date: 30 August 2022

Mouyad Alsamara, Karim Mimouni, Karim Barkat and Diana Kayaly

This paper aims to examine the effects of the real exchange rate on trade balance in Algeria and investigates whether it represents a viable tool to sustain and improve trade…

Abstract

Purpose

This paper aims to examine the effects of the real exchange rate on trade balance in Algeria and investigates whether it represents a viable tool to sustain and improve trade performance using the nonlinear autoregressive distributed lag (NARDL) estimation technique and data from Algeria over the period 1980–2018. This study also highlights the role of trading partners with large income endowments in enhancing the trade balance.

Design/methodology/approach

The NARDL model is used to unveil potential short and long run nonlinear responses of the trade balance to shocks in real exchange rates and detect whether these responses are different in terms of sign and magnitude. The paper also provides a dynamic multiplier analysis that tests the existence of a J-Curve pattern in Algeria with several policy recommendations.

Findings

The findings confirm the existence of a J-curve pattern in Algeria where domestic currency depreciation will worsen the trade balance in the short run and improve it in the long run. The authors also find that the asymmetrical effect of real exchange rate on trade balance is different in sign and magnitude. Finally, the results indicate that an increase in trade partners' income increases the trade balance in Algeria. The findings are of utmost importance with several policy implications.

Originality/value

While some works investigated the nonlinear response of trade balance to real exchange rate movements, their results remain inconclusive and seem to depend on the characteristics of the country/region of study. Moreover, the role of trade partners and their potential impact on trade balance has been relatively overlooked in the literature. The authors fill this gap by examining the asymmetric impacts of real exchange rate and the effect of trade partners' income on trade balance in Algeria.

Details

International Journal of Emerging Markets, vol. 19 no. 5
Type: Research Article
ISSN: 1746-8809

Keywords

Book part
Publication date: 28 May 2024

Subhasis Santra

Asia has emerged as the fastest growing economic region in the world at present. The region is endowed with 60% of global population with a huge market size, making the region an…

Abstract

Asia has emerged as the fastest growing economic region in the world at present. The region is endowed with 60% of global population with a huge market size, making the region an attractive destination for trade to the countries around the world. In 2017, almost 38% of global import was made solely by this region. Among the Asian countries, India has been able to establish itself as a consistent performer in trade during last three decades. The volume of its global trade (export + import) has increased remarkably by more than 32 times (from 33.22 billion USD in 1988 to 1,081.36 billion USD in 2017) within this period. India's trade with its major Asian partners has gone through a considerable change in its volume, direction, nature, and composition in the period of trade liberalization. Both export and import have increased manifold during this period with a faster increment in imports over its exports, resulting a huge trade deficit of 109.36 billion USD in 2017. Undoubtedly, it is a matter of concern for India. The present study is an attempt to evaluate the changes in pattern of India's trade, volume of export and import, and balance of trade with other Asian countries in the context of changes in trade policy, tariff rates, exchange rates, FDI, and economic growth during 1988 to 2017.

Details

Contemporary Issues in International Trade
Type: Book
ISBN: 978-1-83797-321-7

Keywords

Book part
Publication date: 28 May 2024

Debashis Chakraborty and Ripudaman Bhardwaj

One of the major objectives of India's National Auto Policy (NAP) (2018) is to help the country emerge as a hub for automotive production and research and development (R&D). In…

Abstract

One of the major objectives of India's National Auto Policy (NAP) (2018) is to help the country emerge as a hub for automotive production and research and development (R&D). In order to fulfill this long-term objective, two policies had been proposed by NAP (2018). First, possibility of exploring regional trade agreements (RTAs) with leading countries, having attractive markets for Indian players, was considered. Second, the policy aimed to evaluate the potential implications of joining the United Nations Economic Commission for Europe (UNECE) WP.29 1958 agreement within the next 5 years for tackling the potential major technical barriers to trade (TBT), as India's current accession in UNECE WP.29 1998 agreement may not be sufficient for ensuring mutual recognition of standards in many of the partner countries. India is presently engaged in RTA negotiations with several developed and developing countries, with potentially beneficial repercussions for automobile exports. However, the question of accession to UNECE WP.29 1958 agreement has not received similar attention of late, which may restrain the anticipated sectoral export growth, particularly through RTA-led market access outcomes. Given this background, the current analysis considers India's potential sectoral trade growth with eight partner countries, in the case of RTA-led tariff reforms, through a WITS-SMART simulation exercise. The obtained simulation results indicate that India needs to focus on the technical standard harmonization question for reaping the full benefits arising from tariff reforms in several upcoming RTAs, for boosting auto-exports in the post-RTA period.

Details

Contemporary Issues in International Trade
Type: Book
ISBN: 978-1-83797-321-7

Keywords

Content available
Book part
Publication date: 28 May 2024

Abstract

Details

Contemporary Issues in International Trade
Type: Book
ISBN: 978-1-83797-321-7

Book part
Publication date: 17 May 2024

Nilendu Chatterjee

The world has seen significant level of emergence of the developing nations over the years. But the world has been going through certain economic crises – be it the worldwide…

Abstract

The world has seen significant level of emergence of the developing nations over the years. But the world has been going through certain economic crises – be it the worldwide recession of 2008 – that had a worldwide impact, be it the ongoing depression in economic activities since 2018–2019 due to several economic issues. Under these circumstances, how far these developing nations have been able to cope up with is an issue of worry. Can they overcome these depressions or recessions and get on the sustainable path of progress again and compete at par with the developed nations? In this chapter, we have used multiple regression analysis to analyse how far and to what extent these recessions have had impact on the exchange rates (ERs) and other important variables, including growth, of the selected eight developing nations. By taking ER as our dependent variable and five important macroeconomic indicators as regressors, we have checked if the recession caused any structural breaks in these economies or not. We have found the significant impact of gross domestic product (GDP), inflation and trade balance on ER, while the effects of net foreign direct investment (FDI) and rate of interest were not significant. By applying Chow test, we have seen that there is existence of structural breaks in these economies over the period of 2007–2010. These breaks can be attributed to the global recession as well as economic activities prior to the recession. We have also conducted few diagnostic tests to prove the robustness of our analysis.

Details

International Trade, Economic Crisis and the Sustainable Development Goals
Type: Book
ISBN: 978-1-83753-587-3

Keywords

Article
Publication date: 9 May 2024

Shahrokh Shakerin, Seyed Nematollah Moosavi and Abbas Aminifard

The present study aims at quantifying the likely impacts of an environmental tax on macroeconomic variables and pollution in Iran.

Abstract

Purpose

The present study aims at quantifying the likely impacts of an environmental tax on macroeconomic variables and pollution in Iran.

Design/methodology/approach

The computable general equilibrium model, which allows the prediction of the economy-wide effects of any change in policy instruments, is applied.

Findings

The main findings reveal that gross domestic product, private consumption and income in both urban and rural areas will follow a declining trend as a result of environmental tax imposition. In a scenario with the highest level of tax, the predicted percentage change to the gross domestic product and private consumption is estimated at −21.32 and −40.96, respectively. In the same scenario, pollution emissions would decrease by 12.4–22.6% for CO2, CH4 and N2O.

Originality/value

This study uses a general equilibrium model to examine the effects of the carbon tax on environmental issues and household welfare, considering the unique conditions and regulations of Iran. While the related literature examines the CO2 tax, the current study covers more pollutants, including CO2, CH4, N2O, CO, SO2 and NOx. In addition, a distinguishing feature of the current study is that it applies a modified version of the social accounting matrix (SAM) database, which includes the heavy subsidies of energy products. Another significant feature of the current study is that it examines tax policy while tax rates are exerted endogenously (compared to previous studies).

Details

China Agricultural Economic Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1756-137X

Keywords

Article
Publication date: 4 February 2022

Kesuh Jude Thaddeus, Chi Aloysius Ngong, Ugwuanyi Jacinta Nnecka, Njimukala Moses Nubong, Godwin Imo Ibe, Onyejiaku Chinyere C and Josaphat Uchechukwu Joe Onwumere

The purpose of this paper is to investigate the short and long run causal relationship between stock market development and economic growth in sub-Saharan Africa within the period…

Abstract

Purpose

The purpose of this paper is to investigate the short and long run causal relationship between stock market development and economic growth in sub-Saharan Africa within the period 1990 and 2020.

Design/methodology/approach

Using panel data from 1990–2020 obtained from the World Bank development indicators, the study makes use of the autoregressive distributed lag model and the Granger causality and cointegration to analyze the long and short run causal relationship between stock market development and economic growth in sub-Saharan Africa.

Findings

The findings unveiled that stock market capitalization had a positive and significant effect on economic growth in the long run and a negative insignificant effect in the short run within the period of 1990–2020 while stock market liquidity measured through total value of shares traded and turnover ratio had a negative and significant effect on economic growth in sub-Saharan Africa within the period of 1990–2020. The Granger causality test showed an inconclusive result between stock market development and economic growth; implying that the authors cannot say if it is stock market development that causes economic growth or it is economic growth that causes stock market development within the period of 1990–2020.

Practical implications

The findings suggest that governments of sub-Saharan African countries should encourage stock market development by implementing favorable rules for companies listing on their stock market, promote stock market integration with world markets to diversify risk, increase public awareness on stock markets, increase investors' confidence level and finally, remove stock market impediments like high taxes, legal and regulatory barriers to its development.

Originality/value

This study contributes to the existing literature by offering a whole new perspective on stock market development and economic growth since its conception in sub-Saharan Africa. Again, contrary to other papers, the study show how stock market development can contribute to the growth of sub-Saharan Africans’ economy.

Details

Journal of Economic and Administrative Sciences, vol. 40 no. 2
Type: Research Article
ISSN: 1026-4116

Keywords

Open Access
Article
Publication date: 1 April 2024

Kalervo Järvelin and Pertti Vakkari

The purpose of this paper is to find out which research topics and methods in information science (IS) articles are used in other disciplines as indicated by citations.

Abstract

Purpose

The purpose of this paper is to find out which research topics and methods in information science (IS) articles are used in other disciplines as indicated by citations.

Design/methodology/approach

The study analyzes citations to articles in IS published in 31 scholarly IS journals in 2015. The study employs content analysis of articles published in 2015 receiving citations from publication venues representing IS and other disciplines in the citation window 2015–2021. The unit of analysis is the article-citing discipline pair. The data set consists of 1178 IS articles cited altogether 25 K times through 5 K publication venues. Each citation is seen as a contribution to the citing document’s discipline by the cited article, which represents some IS subareas and methodologies, and the author team's disciplinary composition, which is inferred from the authors’ affiliations.

Findings

The results show that the citation profiles of disciplines vary depending on research topics, methods and author disciplines. Disciplines external to IS are typically cited in IS articles authored by scholars with the same background. Thus, the export of ideas from IS to other disciplines is evidently smaller than the earlier findings claim. IS should not be credited for contributions by other disciplines published in IS literature.

Originality/value

This study is the first to analyze which research topics and methods in the articles of IS are of use in other disciplines as indicated by citations.

Details

Journal of Documentation, vol. 80 no. 7
Type: Research Article
ISSN: 0022-0418

Keywords

Abstract

Details

Understanding Financial Risk Management, Third Edition
Type: Book
ISBN: 978-1-83753-253-7

Article
Publication date: 1 December 2023

Antoine Feuillet, Loris Terrettaz and Mickaël Terrien

This research aimed to measure the influence of resource dependency (trading and/or shareholder's dependencies) squad age structure by building archetypes to identify strategic…

Abstract

Purpose

This research aimed to measure the influence of resource dependency (trading and/or shareholder's dependencies) squad age structure by building archetypes to identify strategic dominant schemes.

Design/methodology/approach

Based on the Ligue 1 football clubs from the 2009/2010 season to the 2018/2019 data, the authors use the k-means classification to build archetypes of resource dependency and squad structure variables. The influence of resource dependency on squad structure is then analysed through a table of contingency.

Findings

Firstly, the authors identify archetypes of resource dependency with some clubs that are dependent on the transfer market and others that do not count on sales to balance their account. Secondly, they provide different archetypes of squad structure choices. The contingency between those archetypes allows to identify three main strategic schemes (avoidance, shaping and adaptation).

Originality/value

The research tests an original relationship between resource dependency of clubs and their human resource strategy to respond to it. This paper can help to provide detailed profiles for big clubs looking for affiliate clubs to know which clubs have efficient academy or player development capacities.

Details

Sport, Business and Management: An International Journal, vol. 14 no. 3
Type: Research Article
ISSN: 2042-678X

Keywords

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