{"title":"Does ICT Remain a Powerful Engine of Growth?","authors":"G. Cette","doi":"10.2139/ssrn.2414368","DOIUrl":"https://doi.org/10.2139/ssrn.2414368","url":null,"abstract":"ICT productive performances have slowed down since the beginning of the 2000s, before the current crisis. This diagnosis could be due, at least partly, to some statistical mis-measurements of ICT improvements. Nevertheless, improvements in ICT performances will probably be positively impacted, in some years, by large technological developments as for example the productive use, in computers, of the 3D chip. The lag of ICT diffusion in non-US developed countries, mainly Europe and Japan, compare to the US, is explained by institutional aspects: a lower education level, on average, of the working-age population and more regulations on labour and product markets. By implementing structural reforms, these countries could benefit from a productivity acceleration linked to a catch-up of the US ICT diffusion level. And they could benefit, without any delay with the US, from the possible ICT productivity growth second wave.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130471360","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"International Student Migration: A Partial Identification Analysis","authors":"Romuald Méango","doi":"10.2139/ssrn.2392732","DOIUrl":"https://doi.org/10.2139/ssrn.2392732","url":null,"abstract":"This paper studies the decision made by a family to invest in student migration. We propose an empirical structural decision model which reflects the importance of both the return to the investment and the budgetary constraint in the choice of the family. We circumvent the problem of endogeneity of the educational attainment by deriving sharp bounds and conduct inference for the parameters of interest. The data are collected on students from Cameroon, using a new snowball sampling procedure, which allow the inclusion of both migrants and non-migrants in the sample. We propose bias corrected estimators for this procedure. We study the characteristics of potential candidates to migration that increase or decrease their probability to migrate, accounting for a potential helper in the diaspora. Among the interesting results we find that a choice to complete a Master’s degree doubles the odds of migration, there is little evidence of gender preference, students migrants are positively selected on their previous academic results.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128274119","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Foreign Direct Investment: Attracting Foreign Direct Investment to Ghana - Lessons from the Republic of Korea","authors":"G. Amoah","doi":"10.2139/ssrn.2390141","DOIUrl":"https://doi.org/10.2139/ssrn.2390141","url":null,"abstract":"This article examines the Republic of Ghana’s experience in attracting FDI. Thus, the main thrust of this article is threefold. First, it evaluates the main economic policy adopted by the government from 1970 to 2008 to reverse the post independence economic decline. Second, it examines how the policies facilitated the attraction of FDI inflows to Ghana. Finally, it reviews some of the problems that impede the attraction of value-added FDI inflows to Ghana. A thorough analysis is done with the use of the Diamond model of competitiveness to check the attractiveness of Ghana relative to the Republic of Korea (Korea) to ascertain how best to address this issues. This article argues that a lot still is to be done to attract more FDI and it will be profitable for Ghana to use Korea as an example of best practices in terms of policies for improving the attractiveness of the country.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"111 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124702362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Offshoring and Firm Performance: Evidence from the Italian Manufacturing Industry","authors":"Ida D'Attoma, Silvia Pacei","doi":"10.1111/rode.12067","DOIUrl":"https://doi.org/10.1111/rode.12067","url":null,"abstract":"The fundamental question of whether offshoring is value enhancing and, more specifically, whether Italian manufacturing firms that undertake offshoring benefit from higher productivity and profitability is explored. Using data from the tenth wave of the “Survey on Manufacturing Firms” conducted by Unicredit-Capitalia, it was found that, compared with domestic firms, firms relocating activities to a foreign country have different characteristics, and “better” firms might self-select into offshoring decision. To disentangle the effect of offshoring on firms' performances from the effect of firm characteristics, several variants of propensity score matching are used. A mild and insignificant positive effect of offshoring on profitability was found and also evidence of a statistically significant positive effect of offshoring on productivity.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132614868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Impact of Free Trade Agreements on Foreign Direct Investment: The Case of Korea","authors":"Chankwon Bae, Y. Jang","doi":"10.11644/KIEP.JEAI.2013.17.4.272","DOIUrl":"https://doi.org/10.11644/KIEP.JEAI.2013.17.4.272","url":null,"abstract":"This paper aims to empirically identify the effects of FTAs on outward and inward FDIs in Korea. Considering the income differences between Korea and its FTA partners, we hypothesize that FTAs have a positive effect on outward FDI to developing countries and inward FDI from developed countries. An underlying source of the hypothesis is the Knowledge-Capital model, addressing the positive (negative) relationship between trade costs and horizontal (vertical) FDI. We test for the hypothesis using data on Korea’s FTAs and FDI over the period 2000-2010. We find that our empirical results support the hypothesis, and additionally, FTAs in general encourage FDI by creating an FDI-friendly environment.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134577193","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Spatial Distribution of Creative Industries and Cultural Heritage in the Netherlands","authors":"K. Kourtit, J. Möhlmann, P. Nijkamp, J. Rouwendal","doi":"10.2139/ssrn.2365326","DOIUrl":"https://doi.org/10.2139/ssrn.2365326","url":null,"abstract":"This paper aims to investigate whether the spatial pattern of creative industries in the Netherlands has a relationship with the presence of cultural heritage or, in a more general sense, cultural capital. It first shows how the creative sector developed between 1994 – 2009 in relation to other Dutch sectors. Additionally, it analyses the urban dimension of the creative industry by focussing on the four large urban agglomerations in the Netherlands. And finally, it addresses the question whether a relationship exists between the share of the creative industry and the stock of cultural heritage at the level of municipalities. The results show a positive correlation between local cultural heritage and the presence of the creative industry at the municipality level.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123094452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Testing Weak-Form Market Efficiency of Next Eleven Countries","authors":"Al-Amin Bhuiyan","doi":"10.2139/ssrn.2433842","DOIUrl":"https://doi.org/10.2139/ssrn.2433842","url":null,"abstract":"This research is based on Efficient Market Hypothesis. Markets are divided into three form based on pricing efficiency and these are weak-form, semi-strong form and strong-form efficiency. The main research question is to investigate weak-form pricing efficiency of “next eleven” countries. We have used historical stock indices returns for ten years period starting from 09/01/2003 to 02/10/2013. Daily full period data is divided into two groups (pre-financial crisis and post-financial crisis). Pre-financial crisis start from January 2003 to March 2008 and Post-financial crisis start from April 2008 to September 2013. Weekly full period returns start from 11/09/2003 to 30/08/2013. The purpose of dividing the sample data into two groups is to check whether financial crisis had any impact on the efficiency of these markets.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126381716","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Heterogenous Firms and Credit Frictions: A General Equilibrium Analysis of Market Entry Decisions","authors":"S. Formai","doi":"10.2139/SSRN.2408980","DOIUrl":"https://doi.org/10.2139/SSRN.2408980","url":null,"abstract":"This paper develops a general equilibrium model of international trade with heterogeneous firms and imperfect credit markets. To finance the costs for product innovation and domestic and foreign market entry, firms must raise external capital. The model underscores the importance of considering a general equilibrium setting in order to characterize fully the misallocations of resources that stem from the existence of credit frictions. These have important implications for firms' entry decisions in the different markets and for the welfare effects of imperfect financial institutions. Allowing for liquidity-constrained firms and imperfect credit markets alters, and in some cases reverses, some of the main results from the literature on heterogeneous firms. In particular, the model predicts that trade liberalization does not necessarily lead to an increase in average productivity and consumers' welfare.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131216894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Bringing Manufacturing Home: Implications for Emerging Markets of the Reindustrialisation of the Core OECD","authors":"Bryane Michael","doi":"10.2139/ssrn.2354938","DOIUrl":"https://doi.org/10.2139/ssrn.2354938","url":null,"abstract":"What effect will new manufacturing technologies like 3-dimensional (3D) printing have on emerging markets? Emerging markets like India will probably see a net positive effect. China will almost certainly lose out during the next wave of manufacturing. Upper-income, OECD countries – particularly Germany, the U.S., and Japan – will likely continue producing high-value goods. Because these economies have a strong skilled labor and service-based orientation, they will be able to respond quickly to additive manufacturing. Additive manufacturing, meaning, printing products, will disrupt the old, low wage, supply-chain-driven approach to cost competition and economic development. Roughly one third of all manufacturing subsectors will undergo radical change as a result of additive manufacturing.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114067233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Mobile Money: The Opportunity for India","authors":"Simone di Castri, Brian Muthiora","doi":"10.2139/SSRN.2358606","DOIUrl":"https://doi.org/10.2139/SSRN.2358606","url":null,"abstract":"The full potential of digital financial services in India has not yet been realised. Millions of people still lack a viable alternative to the cash economy and informal financial services, and mobile money represents a great opportunity for the country. For mobile network operators (MNOs), launching and scaling services for the unbanked has proved very challenging because of several regulatory barriers. This paper provides evidence of the benefits and the business case for mobile money for Indian MNOs, and proposes a set of regulatory reforms that would clear the way for viable and sustainable mobile money deployments, driving financial inclusion, improving financial stability and integrity, protecting financial consumers, and guarding the financial system against the risks of the widespread use of cash. The key tenets of enabling mobile money regulation are: a) allowing a business model that safeguards customer money stored in the system and preserves financial stability; b) proportional (risk-based) anti-money laundering and combating the financing of terrorism (AML/CFT) regulations and promoting tiered know-your-customer (KYC) procedures; and c) putting cost-effective regulatory solutions in place to set up and manage distribution networks and accelerate customer adoption. This paper was formally submitted to the Reserve Bank of India (RBI) by the Mobile Money Association of India (MMAI) and the GSMA with the aim to outline reforms that would enable innovation in mobile financial services and build a stable, inclusive, secure, and efficient financial sector.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"172 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134000738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}