Review of Economics and Development Studies最新文献

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Examining Effectuation Theory: Lessons for Entrepreneurial Activity in Developing Countries 考察效应理论:发展中国家创业活动的经验教训
Review of Economics and Development Studies Pub Date : 2021-06-26 DOI: 10.47067/reads.v7i2.359
M. Ali, M. Ali, Lubna Shahnaz Umer
{"title":"Examining Effectuation Theory: Lessons for Entrepreneurial Activity in Developing Countries","authors":"M. Ali, M. Ali, Lubna Shahnaz Umer","doi":"10.47067/reads.v7i2.359","DOIUrl":"https://doi.org/10.47067/reads.v7i2.359","url":null,"abstract":"Business development and utilization of indigenous resources is directly linked with the level of economic growth of any society. Globalization and innovation have made it challenging for developing countries to keep pace of business development to attain sustainable levels of economic growth. Developing counties are faced with the problems of non-conducive external business environment, complex business registration and taxation systems, scarcity of finance, technological support and logistics, and lack of managerial skills and financial advice. Enhancing entrepreneurial effectuation can enable the entrepreneurs of developing countries to successfully create such businesses that are not only efficient in resources utilization but also have a competitive outlook. Effectuation theory is best suited to the environment of developing countries as it enables the entrepreneurs to undertake affordable losses and in the face of uncertainty, create strategic partnerships and use the contingencies to their benefit. In order to achieve this end, the governments in developing countries can play a role of insurer and confidence booster for those entrepreneurs that can create value to the indigenous resources and create employment and competitiveness.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41786734","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}
引用次数: 0
The Covid-19 outbreak, a Failure of Social Protection System: A Policy Perspective of Energy and Economic Recovery 新冠肺炎疫情,社会保障体系的失败:能源与经济复苏的政策视角
Review of Economics and Development Studies Pub Date : 2021-06-01 DOI: 10.47067/READS.V7I2.348
F. Nosheen, Umar Ahmad, Sadia Anjum, Robina Kouser
{"title":"The Covid-19 outbreak, a Failure of Social Protection System: A Policy Perspective of Energy and Economic Recovery","authors":"F. Nosheen, Umar Ahmad, Sadia Anjum, Robina Kouser","doi":"10.47067/READS.V7I2.348","DOIUrl":"https://doi.org/10.47067/READS.V7I2.348","url":null,"abstract":"COVID-19 has proliferated personage suffering around the world. The virus is contagious medically and economically as well. The study's main aim is to examine the failure of the social protection system caused by the COVID-19 pandemic. Three major dimensions of the social protection system have been addressed in this research—a shock to the labor market, health emergency, and massive change in energy usage. Covid pandemic had cost the world economy more than $2 trillion. The labor market is badly affected significantly; workers engaged in the informal economy. The Director-General (WHO) has declared the COVID-19 pandemic as a public health emergency of international concern. It is one of the highest levels of alarm by WHO in history. Global Energy Review 2020 shows that those complete lockdowns have a 25% decline in the energy demand per week. As economic activity slowdown due to the closure of the industry, banned transportation, and lockdown. Conclusively, it is examined that the coronavirus pandemic has brought a worldwide failure of social protection system required a comprehensive policy and a firmed leadership to stand against the outbreak.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43843704","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}
引用次数: 2
Natural Resources, Institutional Quality and Financial Development in GCC Member Countries: Visiting ‘Resource Curse Hypothesis’ by DCCE Estimation 海合会成员国的自然资源、制度质量与金融发展:基于DCCE估计的“资源诅咒假说”考察
Review of Economics and Development Studies Pub Date : 2021-05-10 DOI: 10.21203/RS.3.RS-356533/V1
M. Faheem, I. Chaudhry, Sadam Hussain
{"title":"Natural Resources, Institutional Quality and Financial Development in GCC Member Countries: Visiting ‘Resource Curse Hypothesis’ by DCCE Estimation","authors":"M. Faheem, I. Chaudhry, Sadam Hussain","doi":"10.21203/RS.3.RS-356533/V1","DOIUrl":"https://doi.org/10.21203/RS.3.RS-356533/V1","url":null,"abstract":"The main purpose of the study is to check whether natural resource rent affects the financial development or supporting the resource curse hypothesis by employing a recently developed estimation technique by Chudik and Pesaran (2015) from 1985 to 2017 in GCC member countries. The novelty of this methodology is to consider structural breaks and the heterogeneity issues that are common in panel data. The results of DCCE estimates are in support of the resource hypothesis that natural resource rent hurt financial development.  Additionally, this study takes moderation of institutional quality to check the threshold point or turning point where the natural resource rent effect becomes positive. Our results of interaction term postulate that a higher level of institutional quality mitigates the adverse effect of natural resource rent on financial development. The study results recommend the policy of natural resource rent in the presence of high institutional quality should continue because it improves the financial development in GCC member countries.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45588557","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}
引用次数: 9
How Behavioral Factors Influence Investment Performance of Individual Investors in Pakistan Stock Market: A Moderated Mediation Approach 行为因素如何影响巴基斯坦股市个人投资者的投资绩效:一个有调节的中介方法
Review of Economics and Development Studies Pub Date : 2021-01-01 DOI: 10.47067/reads.v7i3.385
Mumtaz Ahmad, Iqra Mehboob, Syed Zain ul Abdin
{"title":"How Behavioral Factors Influence Investment Performance of Individual Investors in Pakistan Stock Market: A Moderated Mediation Approach","authors":"Mumtaz Ahmad, Iqra Mehboob, Syed Zain ul Abdin","doi":"10.47067/reads.v7i3.385","DOIUrl":"https://doi.org/10.47067/reads.v7i3.385","url":null,"abstract":"The primary objective of study is to know the influence of behavioral factors on investor’s investment decision and investment performance. Four behavioral factors as herding, prospect factors and market factors are used in this study and financial literacy as a moderating variable among the behavioral factors and investment decision. We use the questionnaire to collect primary data from individual investors actually trading in Pakistan Stock Exchange. For data analysis, we utilize AMOS software and Hayes Process tool in two stages. The findings reveal that behavioral factors positively influence investment decision and investment performance. But there is no moderating role of financial literacy. In addition to these, individual investors and security organizations can ultimately take advantage from the results of this research as a guide for their analysis and forecasting of security market trends in order to maximize the outcome and to improve their investment efficiency. Further, study recommended investigation of all investor types and in all financial markets including the behaviors of institutional investors along with behavioral financial factors; we should consider some economic factors that could have an impact on investors' decisions.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70678871","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}
引用次数: 3
Job Satisfaction and Organizational Commitment: Valid Predictors of Turnover Intentions 工作满意度与组织承诺:离职倾向的有效预测因子
Review of Economics and Development Studies Pub Date : 2020-12-31 DOI: 10.47067/reads.v6i4.292
U. Ashiq, Nargis Abbas, Syed Salman Hassan, Usman Mir
{"title":"Job Satisfaction and Organizational Commitment: Valid Predictors of Turnover Intentions","authors":"U. Ashiq, Nargis Abbas, Syed Salman Hassan, Usman Mir","doi":"10.47067/reads.v6i4.292","DOIUrl":"https://doi.org/10.47067/reads.v6i4.292","url":null,"abstract":"Human resource capital is the most strategic part of any organization. Retention of human resources is a critical issue these days. Keeping in view the importance of human capital and its retention, present study aimed to explore the impact of two strong predictors, job satisfaction and organizational commitment, on turnover intentions of employees in banking sector of Pakistan. 250 Survey questionnaires are distributed in Islamic and Conventional banks to elicit responses of professionals among which 207 questionnaires are returned and used for analysis. Findings reveal surprisingly contradictory results from previous studies. Job Satisfaction and organizational commitment are having very negligible impact on turnover intentions. Although employees are not much satisfied as well as committed with the organization but still they have minimal intention towards leaving the organization. Results indicated that turnover intentions of employees in banking sector of Pakistan depend on various other factors. Results are surprising but the paradox can be understood by keeping in view few demographics of respondents as well as the economic condition of the country. The study has significant decision-making implications for banks and called for an urgently inquiry about those influential factors that largely affect the turnover intentions of their employees. In addition, banks also need to apply measures to enhance the job satisfaction and organizational commitment as empirical results indicate very less satisfaction and commitment of employees.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42275445","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}
引用次数: 1
Mediating Role of Affective Organizational Commitment on the Relationship between Training and Employee’s Performance: a Case of Civil Society Organizations 情感组织承诺在培训与员工绩效关系中的中介作用——以民间社会组织为例
Review of Economics and Development Studies Pub Date : 2020-12-31 DOI: 10.47067/READS.V6I4.286
Ayesha Abbas, Nargis Abbas, U. Ashiq
{"title":"Mediating Role of Affective Organizational Commitment on the Relationship between Training and Employee’s Performance: a Case of Civil Society Organizations","authors":"Ayesha Abbas, Nargis Abbas, U. Ashiq","doi":"10.47067/READS.V6I4.286","DOIUrl":"https://doi.org/10.47067/READS.V6I4.286","url":null,"abstract":"In a competitive business environment, organizational performance depends upon employees’ performance and their capabilities which can be enhanced through effectual tools like, training to boost knowledge, behaviour and skills of employees. This research aims to investigate the effect of training on employees’ performance directly and indirectly mediated through affective organizational commitment in the civil society organizations of Pakistan. Convenient sampling technique was used and the sample of 219 employees was selected out of 569 total employees from different CSOs Offices of Punjab by using Krejcie and Morgan table. Descriptive statistics, correlation and confirmatory factor analysis were used to analyse the data. The results demonstrated that training has a positive and significant impact on employees’ performance. Further, an effective organizational commitment was found to have significant mediation in the relationship between employees’ performance and training. Thus, the study suggested that training should be the part of civil society organization to boost the organizational commitment which will affect the employee performance.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49199858","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}
引用次数: 2
Energy Consumption and Four Growth Hypotheses: an Evidence From Saarc Nations 能源消耗与四种增长假设——来自撒哈拉国家的证据
Review of Economics and Development Studies Pub Date : 2020-12-31 DOI: 10.47067/READS.V6I4.282
Shafqut Ullah, T. Mahmood
{"title":"Energy Consumption and Four Growth Hypotheses: an Evidence From Saarc Nations","authors":"Shafqut Ullah, T. Mahmood","doi":"10.47067/READS.V6I4.282","DOIUrl":"https://doi.org/10.47067/READS.V6I4.282","url":null,"abstract":"The contemporaneous study investigates the directional relationship between economic growth and energy consumption for four selected SAARC nations from 1990 to 2018 within a panel-data framework. In the empirical literature, conservation, growth, feedback, and neutral hypotheses exist between energy and economic growth. First, study implies a Granger causality test to find the short-run directional relationship. Secondly, it checks the order of panel unit root that is a prerequisite condition for cointegration particularly when we have a long panel.  In the end, based on panel unit root, the study estimates the model with the help of FMOLS to find a long-run relationship. The present study explores the conservation hypothesis in the short run at the regional level for Bangladesh and Pakistan. While the feedback hypothesis and neutral hypothesis exist in case of India and Sri-Lanka respectively. On the other hand, in the long run, there is cointegration between economic growth and energy use, while the direction conforms to the feedback hypothesis in our panel after allowing heterogeneous cross-sectional effect. Thus, energy and economic growth are coupled with each other in the long run at a regional level whereas, energy as a factor of the production process does not contribute significantly in the short run. It is because this region is labour abundant, therefore, the share of energy is significantly low in the final output as compared to developed nations. Consequently, the availability of energy at affordable prices truly matters for developing nations of SAARC.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42415165","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}
引用次数: 2
Voluntary Tax-compliance Behavior in SMEs; Evidence from Pakistan and Turkey 中小企业自愿纳税行为研究来自巴基斯坦和土耳其的证据
Review of Economics and Development Studies Pub Date : 2020-12-31 DOI: 10.47067/reads.v6i4.289
Muhammad Shaukat Malik, Sabah Younus
{"title":"Voluntary Tax-compliance Behavior in SMEs; Evidence from Pakistan and Turkey","authors":"Muhammad Shaukat Malik, Sabah Younus","doi":"10.47067/reads.v6i4.289","DOIUrl":"https://doi.org/10.47067/reads.v6i4.289","url":null,"abstract":"This research article aims at exploring the Voluntary Tax-compliance behaviour of the small and medium-size business enterprises for two countries, Pakistan and Turkey. Voluntary tax-compliance from SME’s is considered as major risk area by the tax-collection authorities of both developing and developed countries, authorities from both desire to bring individuals belonging to SME’s to pay taxes on a voluntary basis, in order to generate higher revenues for their governments. Thus, data was collected from the owners of SME’s of both countries through a questionnaire, data thus collected was analysed using SPSS and PLS-Smart. The results suggested that voluntary tax-compliance can be achieved by building a mutual trust relation and by exercising legitimate use of power by the tax authorities, results also signify that subjective norms, perceived behavioural control, attitude towards taxes and moral obligation are also key factors in determining the voluntary tax-compliance behaviour as suggested by Kirchler,  Hoelzl and Wahl,  (2008). Also, this article tests the mediating role of the intention of building positive voluntary tax-compliance behaviour as suggested by Ajzen (1991). This study is an important contribution in literature as it incorporates data from two countries, Pakistan (a developing nation) and Turkey (that is making its mark in the list of developed countries). This research work can be further extended by incorporating comparative analysis among the business owners belonging to developed, semi-developed and developing countries.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48091319","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}
引用次数: 5
Nexus between Total Quality Management Practices and Construction Firms’ Performance in Pakistan 巴基斯坦全面质量管理实践与建筑公司绩效之间的关系
Review of Economics and Development Studies Pub Date : 2020-12-31 DOI: 10.47067/READS.V6I4.278
M. Khan, Muhammad Bilal Alam, Gohar Sulaiman, Zujaj Ahmed
{"title":"Nexus between Total Quality Management Practices and Construction Firms’ Performance in Pakistan","authors":"M. Khan, Muhammad Bilal Alam, Gohar Sulaiman, Zujaj Ahmed","doi":"10.47067/READS.V6I4.278","DOIUrl":"https://doi.org/10.47067/READS.V6I4.278","url":null,"abstract":"Construction industry of any country plays a dynamic role in the prosperity and development of that country. It contributes more than any other industry in the economy growth and stability. Continual improvement firm performance can be measured through quality of work and services they provide to customers. However, for companies to compete with each other as well as in global markets they must need to adopt such techniques which are applied in the developed countries. One of the techniques is the application and evaluation of total quality management practices. As, this technique is already applied in other sectors such as manufacturing, services, health and development in the developed countries. So, this study and its findings are based on measuring the effects of total quality management practices i.e., organizational leadership, policy, and strategy, customer focus and process management on firm performance based on employee satisfaction and timely completion of projects. To check and measure the impact of TQM practices 100 construction companies were taken as sample/ These TQM practices were implemented on C-2 category construction companies of Khyber-Pakhtunkhwa, Pakistan registered with Pakistan Engineering Council. The findings of this study concluded that all the listed practices have direct and indirect effects on the enhancement of form’s performance.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43388256","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}
引用次数: 2
Corona-19 Pandemic and Altering Dynamics of Human Resource Management: A Multifarious Approach covid -19大流行与人力资源管理动态变化:多种方法
Review of Economics and Development Studies Pub Date : 2020-12-31 DOI: 10.47067/reads.v6i4.290
M. A. Pasha, M. Z. Rehman, M. Kamran
{"title":"Corona-19 Pandemic and Altering Dynamics of Human Resource Management: A Multifarious Approach","authors":"M. A. Pasha, M. Z. Rehman, M. Kamran","doi":"10.47067/reads.v6i4.290","DOIUrl":"https://doi.org/10.47067/reads.v6i4.290","url":null,"abstract":"This study is an attempt to bring forth some of the human resource predicaments which will be ushered by the ubiquitous venom of the Corona Virus. Regardless of the deliberation operating at the back of Corona and the availability of the requisite vaccine, the executives need to adapt themselves with the new paradigm and contemplate on the enactment of novel and apposite ways of managing human capital. The global economy is feared to sink such that the world might be coerced to relive the 1930’s global recession; thus each economy is entwined in the cruel jaws of havoc. The study presents various dimensions of the pandemic and after analytic discussion, puts forth some important suggestions for the reader that he resort lies in self-reliance, caution and adaptability. Since the business activity is by and large a function of superior human capital, the HRM interventions need to be the most commensurate ones.","PeriodicalId":32725,"journal":{"name":"Review of Economics and Development Studies","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47434110","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}
引用次数: 1
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