Open Access Original Research Article

Big Events and the Structural Changes of Foreign Trade in Guangdong Province of China

Qishui Chi, Yue Mao

Journal of Economics, Management and Trade, Page 74-83
DOI: 10.9734/BJEMT/2015/16562

Foreign trade in Guangdong province of China plays an important role in the country and even the whole world. There are two kinds of big events which may impact Guangdong’s imports and exports, one is universal events such as the outbreak of financial crisis in 2008, the other is regional events such as the launch of CEPA in 2004. Big events may have great impact on foreign trade in Guangdong province. By applying the method advanced by Lumsdaine and Papell, the relationship between big events and Guangdong’s foreign trade is investigated. It shows that the big events, including the launch of CEPA in 2004, the RMB exchange rate formation mechanism reform in 2005, the outbreak of financial crisis in 2008, have impacted significantly on the imports of Guangdong. It also indicates that the growth rate of exports is slow down due to the financial crisis and European debt crisis.

Open Access Original Research Article

The Clients of Specialized Organic Retailers in Italy

Fabio Maria Santucci, Francesco Diotallevi

Journal of Economics, Management and Trade, Page 84-94
DOI: 10.9734/BJEMT/2015/16425

Aims: The organic share of the Italian food market is still small, probably below 2%, but is growing steadily, with a progressive expansion of different typologies of points of sale. The Italian consumers of organic products have been studied by many authors, from different points of view and with different methodologies, but this specific segment – the clients of specialised and certified organic retailers, had never been investigated in detail.

Study Design: Questionnaire for clients developed in collaboration with experts and focus group participants; random selection of geographically representative certified points of sale; validation of results with other focus groups.

Place and Duration of Study: Italy, between March and September 2010.

Methodology: In a representative sample of 46 certified points of sale scattered all over Italy, a total of 845 valid questionnaires containing 23 questions have been filled by the clients. Their demographic data and several other variables have been used with a clustering procedure.

Results: Six different groups have been formed: The “indifferent consumers” with 9% of respondents, the “increased” with 16.9%, the “regular unhappy” with 32.1%, the “occasional” with 4.4%, the “occasional not informed” with 6% and the “convinced and frequent” with 31.6% of the respondents.

Conclusion: Also the clients of this type of retailers, who are supposedly more informed and motivated than in other points of sale, are not an homogeneous group and they show a widespread belief that prices are too high; still there is a lack of information about the public goods generated by organic agriculture. More and better information should be consequently supplied to consumers, to avoid their search for cheaper organic products, in other categories of points of sale.

Open Access Original Research Article

Long-term Dynamics between Oil Prices and Frontier Equity Markets: A Cointegration Analysis

Mathieu Gomes

Journal of Economics, Management and Trade, Page 95-102
DOI: 10.9734/BJEMT/2015/16535

Despite the growing importance of Frontier Markets within the investment management landscape, relatively few studies have focused on them. However, understanding their behaviors and the way they relate to oil prices is of paramount importance for financial market participants.

This paper therefore aims to investigate potential long-term relationships between oil prices and a number of frontier stock markets.

14 frontier markets are studied with weekly data covering the period ranging from December 2005 to July 2014.

Results indicate that causality exists from oil to stocks for Kazakhstan and Qatar. Interestingly, the causality also runs from stocks to oil in the case of Kazakhstan. For Kazakhstan and Qatar, evidence of positive long-term relationship is found.

These findings are important for these countries’ policy makers as it provides insights into how these markets are linked to oil prices. As these findings imply some degree of market predictability, they could also be of interest to asset managers.

Open Access Original Research Article

Influence of Corporate Education on Firms’ Performance

Luiz Paulo Fávero

Journal of Economics, Management and Trade, Page 103-109
DOI: 10.9734/BJEMT/2015/16511

Mechanisms that influence organizational performance of firms, like investments in corporate education, still are not deeply studied when industries and countries are considered in the analysis. The main objective of this paper is study the influence of corporate education on performance of firms from different countries and over time, through a repeated measure multilevel modeling. Using a sample of 242 companies from 9 countries over 8 years (2007-2014), totaling 1,257 observations, it is verified that investments in corporate education are representative to differentiate companies’ mean performance and growth rates in recent years.

Open Access Original Research Article

Do Free Trade Agreements (FTAs) Really Increase Vietnam’s Foreign Trade and Inward Foreign Direct Investment (FDI)?

Hoang Chi Cuong, Tran Thi Nhu Trang, Dong Thi Nga

Journal of Economics, Management and Trade, Page 110-127
DOI: 10.9734/BJEMT/2015/16253

Free Trade Agreements (FTAs), the first stage of economic integration, can have possible impacts on member countries through foreign direct investment (FDI) and foreign trade. In this study, we attempt to evaluate the impacts of FTAs that Vietnam has engaged successfully recently on inward FDI and foreign trade of the country. To do this we construct three gravity models, employ a panel dataset of country pairs and the Hausman-Taylor (1981) estimation. The estimation results suggest that the opening up of the country’s economy through the means of FTAs and the WTO has led to diverse FDI and foreign trade effects. Some FTAs have created “strong” trade and inward FDI but unevenly across individual agreements.

Open Access Original Research Article

Determinants of Competitive Advantage in the Textile and Apparel Industry in Tanzania: The Application of Porter’s Diamond Model

John Mboya, Khatibu Kazungu

Journal of Economics, Management and Trade, Page 128-147
DOI: 10.9734/BJEMT/2015/16208

This study explores the magnitude of the key attributes underlying competitive advantages in the textile and apparel industry in Tanzania by using Porter’s Diamond Model (PDM). The sampling design used in this study is non-probability and data were collected from 204 respondents in three regions; namely, Dar es salaam, Arusha and Mwanza. The estimated results from Factor Analysis, Principal Component Analysis and Structural Equation Modeling support strongly the relevancy of the Porter’s Diamond model in enhancing firm competitive advantage in the textiles and apparel industry in Tanzania. The two most important factors on competitive advantage of the textiles and apparel industry are demand conditions and; related and supporting industries.

Open Access Original Research Article

Perception on Organisational Attractiveness: An African Sample

Paul Okon Udofot, Emem Bassey Inyang, Anietie Peter Akpan

Journal of Economics, Management and Trade, Page 148-157
DOI: 10.9734/BJEMT/2015/16537

A major concern of entrepreneurs worldwide is how to identify and engage the services of workers that would stay for a reasonable period of time with minimal personnel turnover consequences on the organization. Understanding the worker’s initial attraction to the organization provides a mitigating approach. Based on the Attraction-Selection-Attention (ASA) model, this study chose organizational characteristics as a platform for an examination. Data was collected from a convenient sample size of 62 graduating accounting students from a public university in Nigeria using an adapted questionnaire which was earlier developed and used in a developed economic environment. Descriptive and inferential statistics provided the basis for the analysis. The result agrees with earlier studies reinforcing the opinion that workers attraction to organizations goes beyond the traditionally acknowledged job description approach.