Open Access Original Research Article

Bank Credit and Agricultural Output in Nigeria (1970 – 2013): An Error Correction Model (ECM) Approach

P. N. Nnamocha, Charles N. Eke

Journal of Economics, Management and Trade, Page 1-12
DOI: 10.9734/BJEMT/2015/19884

This work investigated the effect of Bank Credit on Agricultural Output in Nigeria using the Error Correction Mode (ECM). A yearly data (1970- 2013) obtained from the Central Bank of Nigeria was used for the analysis. The analysis showed that all the variables were integrated of order one I (1) and long-run relationship existed among them. However, following the empirical findings in this study, it showed that, in the long-run bank credit and industrial output contributed a lot to agricultural output in Nigeria, while; only industrial output influenced agricultural output in the            short-run.

Open Access Original Research Article

Accessing and Distributing Petroleum Products in E-Commerce Environment

Liangfang Li, Akyene Tetteh, Qi Xu

Journal of Economics, Management and Trade, Page 1-10
DOI: 10.9734/BJEMT/2015/20211

The e-commerce environment is changing the dynamics of doing business rapidly but very often transportation problems hinder customer satisfaction. This paper seeks to minimize the cost of accessing and distributing petroleum products in e-commerce environment. Applying 0-1 mixed integer linear programming (0-1 MILP) model to model the statement of problem: the simulation results suggested that increase in petroleum product demand increases total cost of operations and it can be minimize by reducing the cost of distance covered to access and distribute products. Besides a well-integrated activity of vehicles used for accessing and distributing scheduling planning into e-commerce pace of executing business may improve customers’ satisfaction.

Open Access Original Research Article

The Relationships between Knowledge Transfer, Knowledge Dissemination Capability and Inter-Organizational Dynamics in Public and Private Sectors Organizations

Lesly Lam, Anthony Wong, Canon Tong

Journal of Economics, Management and Trade, Page 1-17
DOI: 10.9734/BJEMT/2015/19168

This research empirically investigated the relationships between knowledge transfer, knowledge dissemination capability and inter-organizational dynamics in public and private sectors organizations. The research employed a quantitative methodology to investigate the effects of asset specificity, experience, expertise and absorptive capacity on the transfer of knowledge in Private Finance Initiative (PFI) projects, and the moderating effects of collaborative know-how and partnership duration. In addition, the research also studied the relationships among the constructs inside knowledge dissemination capability and the moderating effect of inter-organizational dynamics on it. 602 valid responses were collected by a questionnaire survey amongst private and public sector professional practitioners; which representing a 30% response rate. The findings revealed that the research established its critical role in knowledge transfer by showing its supportive effect on the process and illustrated a weak effect of collaborative know-how and partnership duration on knowledge transfer in PFI projects. With regard to the knowledge dissemination capability itself, there is virtually no relationship between absorptive capacity and intra-organizational transfer capability within the donor and recipient organizations in PFI projects. PFI partners need to carefully balance absorptive capacity and intra-organizational transfer capability, since inter-organization dynamics cannot facilitate knowledge dissemination within donor/recipient organizations.

Open Access Original Research Article

The Product Life Cycle of Durable Goods

Joachim Kaldasch

Journal of Economics, Management and Trade, Page 1-17
DOI: 10.9734/BJEMT/2015/20395

A dynamic model of the product lifecycle of (nearly) homogeneous durables in polypoly markets is established. It describes the concurrent evolution of the unit sales and price of durable goods. The theory is based on the idea that the sales dynamics is determined by a meeting process of demanded with supplied product units. Taking advantage from the Bass model for first purchase and a logistic model for repurchase the entire product lifecycle of a durable can be established. For the case of a fast growing supply the model suggests that the mean price of the good decreases according to a logistic law. Both, the established unit sales and price evolution are in agreement with the empirical data studied in this paper.

The presented approach discusses further the interference of the diffusion process with the supply dynamics. The model predicts the occurrence of lost sales in the initial stages of the lifecycle due to supply constraints. They are the origin for a retarded market penetration. The theory suggests that the imitation rate B indicating social contagion in the Bass model has its maximum magnitude for the case of a large amount of available units at introduction and a fast output increase. The empirical data of the investigated samples are in qualitative agreement with this prediction.

Open Access Original Research Article

Reasonable or Unreasonable? The Evolution Analysis of the Chinese Administrative Examination & Approval System—Based on Statistical Analysis of Network News Keywords about Nine Typical Samples

Huixia Cheng, Haoxian Wang, Jia Kang

Journal of Economics, Management and Trade, Page 1-19
DOI: 10.9734/BJEMT/2015/19486

A frequency analysis of network-news reports about nine samples of the Chinese Administrative Examination & Approval System reform, including Beijing, Tianjin, Gansu, Shanxi, Chengdu, Ningbo, Shanghai Pudong district, Chengdu Wuhou district and Guangdong Shunde district, was carried out. This research reveals that efficiency-oriented, government-led, top-down mandatory compliance style, incremental, insufficiency of civic engagement and social supervision etc. constitute the CAEAS reform, which has streamlined and downsized government functions, improved administrative efficiency and liberated the market. However, some contradictory phenomena, such as the efficiency paradox i.e. pursuit of efficiency and the efficiency trap, administrative route superior to the rule of law, administration separated from the government power-list, service-oriented but low level of public participation, government self-revolution and sector interests’ resistance, are intertwined to influence governance capability, although the threat of the middle-income trap emphasizes the necessity of good governance. The paper concludes that it is difficult to assess the CAEAS evolution simply by reasonable or unreasonable, comprehensive consideration is needed.


Open Access Short Research Articles

Business Image Improvement and Quality of Products of Meatballs Household Business and Catering

Wirawan ., Wahyu Mushollaeni, Hendrik Suhendri

Journal of Economics, Management and Trade, Page 1-7
DOI: 10.9734/BJEMT/2015/19479

Meatballs household business by Cak Sam and Flamboyant Catering are business groups of society which have been economically productive household-scale enterprises in the area of ​​Malang, East Java. Both of them have been running for nearly three years. However, they still need guidance and mentoring effort in terms of production and business management. Currently, they have collaborated to improve the productivity of businesses. They also help each other in efforts in disseminating information about each of them to their customers. They have the same determination to change the fate of a poor farm worker into an entrepreneur. The image of business in society will increase when confidence increases. If public confidence increases, the number of consumers will increase. When the product is offered more diverse and has a guaranteed quality, the product sales will increase. Promotion and dissemination which are interesting and informative will be able to provide information to the public about the type of products in which the business will be more developed. Some programs made to achieve these goals were technical assistance and guidance through the provision of appropriate technology packages in the processing of products, improvement of promotion and training of sanitation and hygiene. The training done at the manufacture of various breads and also traditional and modern cakes. These activities had also been carried out by training of making creative meatballs. These activities had provided results in increased revenue and productivity from both businesses. Revenue increased to 70% due to the increasing number of orders and store foods that require products from both industries. Public response to the products is better as the means of promotion is getting better and more diverse products are offered with more affordable price.

Open Access Review Article

Decentralization and Local Government Autonomy: Quest for Quality Service Delivery in Nigeria

J. O. Fatile, G. L. Ejalonibu

Journal of Economics, Management and Trade, Page 1-21
DOI: 10.9734/BJEMT/2015/19478

Decentralization implies the existence of local government units with bodies that are democratically elected and structured, having broad autonomy and authority as well as indispensable legal, administrative and financial tools for fulfilling their mission. This paper starts by outlining the philosophical and theoretical foundation of decentralization of local administration. Drawing on historical inferences, the paper traces the national decentralization strategies and compares their impacts on public service delivery in Nigeria. The evidence in this paper suggests that local government in Nigeria is too tightly controlled from the State and therefore lagging behind in carrying out the duties allotted to it by the constitution. The paper, among others, identifies lack of autonomy as one of the biggest challenges facing Local Governments in Nigeria making them neither democratically accountable nor territorially viable. The paper concludes by suggesting that unless the Local Government is given a considerable degree of autonomy, the objectives of decentralization (especially quality local service delivery) may be difficult to realize.