Open Access Original Research Article

A Study of Consumer Acceptance of Mobile Payment Services in Hong Kong

Anthony Tik Tsuen Wong

Journal of Economics, Management and Trade, Page 1-14
DOI: 10.9734/JEMT/2018/39472

Mobile payment (m-payment) has a significant value in a business. It provides one more choice for customers in selecting the payment methods. This m-payment method has been developed in Korea, Japan and China. However, m-payment is a new service and an innovative approach in Hong Kong. Therefore, this study aims to measure the consumer acceptance of m-payment service in Hong Kong. Technology acceptance model (TAM) was adopted in this study. Besides, additional factors have been added to the model for further exploration. As a result, the research model of this study consists of seven constructs including an intention to use, attitude towards use, perceived ease of use, perceived usefulness, innovativeness, initial trust and trust propensity, and eight hypotheses are proposed to study. The empirical results of this study support the usual relationship among attitude toward use, perceived ease of use, perceived usefulness and innovativeness, which drive the consumer intention to adopt new technology. Six hypotheses are supported and two hypotheses had found to have no significant relationship in this study. Managerial implications in the development of m-payment were discussed and suggestions about the implementation strategy to the service provider for enhancing the Hong Kong consumers’ intention to use them-payment service were discussed as well.

Open Access Original Research Article

Unravelling the Impact of Macroeconomic Fundamentals on Stock Market Performance in Nigeria: An Ardl-bound Testing Approach

Funso T. Kolapo, Michael O. Oke, Temitayo O. Olaniyan

Journal of Economics, Management and Trade, Page 1-15
DOI: 10.9734/JEMT/2018/40177

In this study, we unravelled the impact of macroeconomic fundamentals on stock market performance in Nigeria for the periods from 1986 to 2015. This investigation helps to understand certain peculiarities in the Nigerian stock market; being an emerging stock market. Gross domestic product (GDP) and money supply (MS) was found to have significant impacts on stock market performance in Nigeria. Furthermore, all the features in this study except money supply (MS) and interest rate (INTR) were positively related to stock market performance, and there is the presence of a long run relationship (co-integration) between macroeconomic fundamentals and stock market performance. This study culled data on all-share index, gross domestic product, money supply, interest rate, inflation rate and exchange rate from the Nigerian Bureau of Statistics Bulletin, the Central Bank of Nigeria Statistical Bulletin and World Bank Development Indicators Database. Auto Regressive Distributed Lag (ARDL) bounds testing technique was adopted in this study as its estimation technique. Based on the findings of this study that the performance of the stock market in Nigeria is growth-driven, hence, policies such as reducing poverty and unemployment rates and increasing gross capital formation among others should be strengthened. We further recommend that the Central Bank of Nigeria should work hand-in-hand with the operators in the capital market in order to ensure a meaningful conduct of macroeconomic fundamentals through policy measures, and also by building a stronger regulatory framework for the stock market; especially to curtail unethical, shady and corrupt practices which can also make stock prices movement more drastic. In addition, interest rates channel must be effectively monitored to ensure that the stock market remains stable as any slight distortion in this channel may affect the market as it hinges on information, while it is also incumbent on the monetary authorities to monitor the implementation of formulated policies in the economy.

Open Access Original Research Article

An Assessment of Government Sectoral Spending on Productivity in Nigeria: Error Correction Analysis

Paul Ndubuisi

Journal of Economics, Management and Trade, Page 1-13
DOI: 10.9734/JEMT/2018/40029

This study sets out to examine the role of government sectoral expenditure on productivity in Nigeria. The research covered the period between 1982 and 2015. Data on government sectoral expenditure and productivity were sourced from secondary sources and analysed using Dickey-Fuller Unit root test, Johansen cointegration test and Vector Error Correction Test (VECM) findings revealed stationarity of the variables as well as the existence of long-run relationships with economic growth index. Findings also indicate that Administration and transfer expenditure exert positive and significant influence on growth index in the long-run. It is therefore recommended that public sector financial management should be strengthened to ensure transparency in expenditure and resource allocation.

Open Access Original Research Article

Technology Innovation and Sustainable Entrepreneurship Development in Nigeria: Stakeholders’ Impact Assessment in Central Nigeria

Eneji Mathias Agri, Nnandy Drenkat Kennedy, Gukat Olivia Bonmwa, Odey Francis Acha

Journal of Economics, Management and Trade, Page 1-16
DOI: 10.9734/JEMT/2018/25512

This study seeks to find out the impact of technology innovation on sustainable entrepreneurship development in Nigeria. Technology innovation seems to impact on entrepreneurship, and one cannot deny the fact that entrepreneurship development can also impact on technology innovation. Nigeria’s indigenous technology seems to have disappeared. The country has imported foreign technology worth billions of dollars, most of which have become obsolete in all sectors of the economy. It shows that technology absorption and mastery in Nigeria require more than importation. There has been the absence of remarkable indigenous efforts to evolve an indigenous technology. This study uses survey method and interview with sampled stakeholders in Central Nigeria. Evaluation of findings was done using simple percentages statistical technique. The level of technology innovation in Nigeria is low, as such, entrepreneurship is weak. This is caused by economic, political, socio-cultural and environmental factors. This study focuses on economic factors though with interlink with other factors. Supplementary multiple regression analysis is carried out using secondary data. The diffusion of indigenous technology will have widespread, albeit differentiated impact on Nigeria’s entrepreneurship through the agricultural, industrial, service sectors, including telecommunications. The educational and private sectors in Nigeria should play a leading role in indigenous technology incubation, innovation, adoption and transfer. Innovation and entrepreneurship will increase employment for Nigeria. However, the institutional environment and capacities to encourage innovation are weak. Nigeria needs to evolve a comprehensive public policy for science, technology and innovation through technical education and training.

Open Access Review Article

An Institutional Framework to Analyze Human Behavior

Leodegario Fabián Medinilla, César Emilio Contreras Piedragil, Cuauhtémoc Talavera Moncayo

Journal of Economics, Management and Trade, Page 1-9
DOI: 10.9734/JEMT/2018/40171

Aims: This paper shows the analytical framework used by Elinor Ostrom in her book Understanding Institutional Diversity, which provides that institutions underlie the decisions that face the economic individual and develops the proposal by Ostrom of modifying the rules, to make them efficient and insert them into codes or regulations (local, national and international) to make them sustainable over time.

Results: There is a common framework to analyze human behavior. Institutional Analysis Diversity is a method which studies human actions diversity, the purpose established by Ostrom was developed categories and variables to study how individuals were facing to take decisions. If decisions are made several times, i.e., they repeat, it means strategy has worked. The economic idea underlies from repetitive game theory. Thereby, enhancing interaction with people and it becomes prescription. Eventually, it can be changed in a customary norm that, reinforced by the community, is converted in a moral o legal norm.

Conclusion: The results of the Institutional and Analysis Development (IAD) and its recommendations must be evaluated to apply to the analysis of México and its community. An important exercise would be to verify Ostrom's institutional framework and the evolutions of standards in indigenous communities, as well as institutions operating in academic, political and other fields. It is a matter of building fairer norms and motivating the intersubjective cooperation of the participants, not the opposite.