{"title":"Effects of brand experience on brand loyalty in fashion retail business","authors":"Pham Thi Lan Huong, N. T. Hong, Trần Triệu Khải","doi":"10.24311/JED/2016.23.3.07","DOIUrl":"https://doi.org/10.24311/JED/2016.23.3.07","url":null,"abstract":"","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"23 1","pages":"73-88"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68914146","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":"CORRUPTION AND EMIGRATION OF PHYSICIANS FROM AFRICA","authors":"M. K. N. Okey","doi":"10.35866/CAUJED.2016.41.2.002","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.2.002","url":null,"abstract":"Medical brain drain remains a major challenge for African countries mostly characterized by poor economic, political and health institutions. This paper seeks to determine how corruption in the home country affects physician emigration from Africa. Econometric estimations are implemented on a panel of 50 African countries over the period 1995-2004, using both the dynamic panel data approach and the count data analysis. Our results suggest that: first, corruption promotes physician emigration from Africa. The most corrupt countries experience higher physician emigration rates. Second, income level, especially the returns to education, is one of the channels through which corruption promotes physician emigration. To ensure retention of African health-care professionals and ultimate reduction in medical brain drain, the fight against corruption must be one of the essential measures.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"27-52"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075583","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":"Capital Account Openness, Political Institutions and Fdi in Mena Region: An Empirical Investigation","authors":"Mouna Gammoudi, Mondher Cherif","doi":"10.35866/CAUJED.2016.41.2.003","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.2.003","url":null,"abstract":"This paper examines how capital account liberalization (CAL) affects Foreign Direct Investment (FDI) inflows. The authors use the System Generalized-Method-of-Moments (GMM) estimator developed for the dynamic panel model for a sample of 17 Middle East and North Africa (MENA) countries from 1985 to 2009. Their findings reveal that the positive impact of CAL on FDI depends on the political stability in a host country. Furthermore, the results show that enhancing democratic institutions, enforcing property rights, reducing the risk of expropriation and religious tension seem to be some of the most promising policies to attract FDI to the region. The authors also find that foreign investors value the quality of institutions more than the level of corruption or bureaucratic quality in the location choice. Their results are robust to using different indicators of institutional quality. The findings are relevant for MENA countries given that many of them have engaged in a process of liberalization and have weak institutions.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"53-76"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075604","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":"DO LITERACY AND A MATURE DEMOCRATIC REGIME CURE CORRUPTION","authors":"Nabamita Dutta, D. Mukherjee","doi":"10.35866/CAUJED.2016.41.2.001","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.2.001","url":null,"abstract":"Using a cross-national panel data, we investigate the combined effect of education attainment and a durable democratic system on the corruption levels of a nation. Higher levels of education foster a sense of ethical behavior and civic duty in the citizenry by raising awareness, which in turn, should reduce corruption. Decades-long tradition of democracy, on the other hand, increases government transparency and accountability as politicians have to seek reelection, and thus, stable democratic system should reduce political corruption. Our empirical results suggest that the combined effect of these variables reduces corruption significantly, and a durable democracy and education behave as complements in combating corruption. Additionally, our marginal estimates show that durability successfully enhances the effect of literacy in curbing corruption.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"1-26"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075540","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":"DO FOREIGN AID AND REMITTANCE INFLOWS HURT COMPETITIVENESS OF EXPORTS OF PACIFIC ISLAND COUNTRIES? AN EMPIRICAL STUDY OF FIJI","authors":"T. Jayaraman, C. Choong, P. Chand","doi":"10.35866/CAUJED.2016.41.2.005","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.2.005","url":null,"abstract":"Foreign aid and remittance inflows have been playing major roles in the economic growth and development of Pacific island countries (PICs). However, the relationship between these international capital inflows and export competitiveness of PICs has not been adequately studied. It is generally held that such capital transfers tend to hurt exports, a phenomenon known as Dutch disease. The objective of this paper is to examine the validity of the Dutch disease hypothesis in PICs with a case study of Fiji. Employing the bounds testing procedure, this empirical study reveals that inflows of both foreign aid and remittances have been contributing to the appreciation of Fijii¯s currency. The study establishes the validity of the Dutch disease hypothesis as far as Fiji is concerned.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"111-125"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075717","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":"DRIVERS OF PRIVATE SAVING IN SUB-SAHARAN AFRICAN COUNTRIES","authors":"K. Shawa","doi":"10.35866/caujed.2016.41.2.004","DOIUrl":"https://doi.org/10.35866/caujed.2016.41.2.004","url":null,"abstract":"We utilize both the first-difference and the System GMM to estimate a dynamic private saving function for 39 Sub-Saharan African Countries. Parsimonious results show that the private saving rate is persistent; urbanization ratio, youth dependency ratio, elder dependency ratio, per capita income growth, terms of trade growth, public saving rate, general government consumption, real interest rate, credit to private sector, inflation and current account deficit exert a significant influence on the private saving rate. Apart from showing that the economic policy framework should take into account the persistent nature of the private saving rate, there are other policy insights from the estimation of the private saving model. There is especially the need to pursue growth-enhancing policies, to broaden the tax base, to implement trade-enhancing polices, to improve the functioning of the financial system and to design polices for prudent management of domestic resources in order to reduce current account deficits.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"77-110"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075651","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":"Affective and Instrumental Commitment: A Special Reference to Self-Service Technologies in Domestic and Foreign Banks","authors":"H. Chi, Lê Nhật Hạnh","doi":"10.24311/jed/2016.23.2.031","DOIUrl":"https://doi.org/10.24311/jed/2016.23.2.031","url":null,"abstract":"Mar. 25 2016 The current research investigates the effects of consumers’ perception (i.e. perceived usefulness, perceived convenience, and perceived security and privacy) of self-service banking technologies (SSBTs) on customer satisfaction, which in turn affects their affective and instrumental commitment toward banks. Based on the data collected from 176 domestic bank customers and 130 foreign bank customers in Vietnam, the current research examines and compares the proposed relationships across domestic and foreign banks. Its results indicate that, for the overall sample, perceived usefulness, perceived convenience, and perceived security and privacy of SSBTs positively affect customer satisfaction, which incidentally significantly increases customers’ affective and instrumental commitment. However, perceived usefulness of SSBTs is not an important driver of customer satisfaction with domestic banks. Also, in the case of foreign banks, perceived convenience of SSBTs does not influence customers’ satisfaction, and customers’ instrumental commitment toward foreign banks is not affected by customers’ satisfaction. Based on the research findings, this study provides some suggestions and recommendation for both domestic and foreign banking practitioners and policy makers in Vietnam.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"23 1","pages":"137-160"},"PeriodicalIF":0.0,"publicationDate":"2016-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68914003","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":"Factors affecting the use of costing systems toward managerial performancein Vietnamese public hospitals","authors":"Nguyen Dung Hai, Tran Anh Hoa, N. P. Nguyen","doi":"10.24311/jed/2016.23.2.07","DOIUrl":"https://doi.org/10.24311/jed/2016.23.2.07","url":null,"abstract":"Mar. 25 2016 This study investigates contextual and behavioral factors affecting the use of costing systems toward managerial performance among Vietnam’s public hospitals. The PLS-SEM results based on survey data from 262 mid-level managers from various departments indicate that top management support, decentralization of decision making, perceived technical validity, and perceived environmental uncertainty are important drivers of the use of costing systems, which in turn enhances task performance. The findings suggest that Vietnamese public hospitals should not underestimate the contextual and behavioral factors involved in facilitating the functioning of costing systems toward better performance outcomes. This study adds to limited research on behavioral accounting in Vietnamese public hospitals.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"725 1","pages":"77-99"},"PeriodicalIF":0.0,"publicationDate":"2016-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68914053","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 CYCLICALITY OF REMITTANCES IN SUB-SAHARAN AFRICA","authors":"Emmanuel K. K. Lartey","doi":"10.35866/CAUJED.2016.41.1.001","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.1.001","url":null,"abstract":"This paper investigates the cyclicality of remittances to make inferences about whether they are sent for altruistic or self-interest reasons. The results show that remittances are procyclical, and therefore, do not support the general altruistic motive for sending remittances to sub-Saharan Africa. The results also do not lend credence to the portfolio choice hypothesis. Thus, the findings suggest that remittances to the sub-region may be driven by some other self-interest motives or family arrangements. These results, however, do not diminish the fact that remittances remain an important source of external finance to the sub-region, as evidenced in the literature.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"41 1","pages":"1-18"},"PeriodicalIF":0.0,"publicationDate":"2016-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075866","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":"Evolution Of Monetary Policy Transmission Mechanism In Malawi: A Tvp-Var Approach","authors":"Chance Mwabutwa, N. Viegi, M. Bittencourt","doi":"10.35866/CAUJED.2016.41.1.003","DOIUrl":"https://doi.org/10.35866/CAUJED.2016.41.1.003","url":null,"abstract":"This paper investigates the evolution of monetary transmission mechanism in Malawi between 1981 and 2010 using a time varying parameter vector autoregressive (TVP-VAR) model with stochastic volatility. We evaluate how the responses of real output and general price level to bank rate, exchange rate and credit shocks have changed over time since Malawi adopted financial reforms in 1980s. It is becoming clear from literature that financial reforms can change the monetary transmission by changing the overall impact of the policy or by altering the transmission channels overtime. Therefore, the impact of monetary policy on price stability and output growth can vary and portray delayed effects overtime. The paper finds that inflation and real output responses to monetary policy shocks changed over the period under the review. Importantly, beginning mid-2000s, the monetary transmission performed consistently with predictions of economic theory partly due to stable macroeconomic conditions and positive structural changes in the economy. However, the statistical significance of the private credit supply remains weak and this calls for more financial reforms targeting the credit market which can contribute to monetary transmission and promote further economic growth in Malawi.","PeriodicalId":15602,"journal":{"name":"Journal of economic development","volume":"15 3 1","pages":"33-55"},"PeriodicalIF":0.0,"publicationDate":"2016-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70075960","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}