Asian Journal of Empirical Research最新文献

Infrastructure development as a driver of trade liberalization in the belt and road initiative african countries: A case study from Kenya 基础设施发展作为 "一带一路 "倡议非洲国家贸易自由化的推动力：肯尼亚案例研究

Asian Journal of Empirical Research Pub Date : 2024-01-17 DOI: 10.55493/5004.v14i1.4968

Kone Ibouanga, Symphorien Engone Mve, Hermine Balouki Mikala

{"title":"Infrastructure development as a driver of trade liberalization in the belt and road initiative african countries: A case study from Kenya","authors":"Kone Ibouanga, Symphorien Engone Mve, Hermine Balouki Mikala","doi":"10.55493/5004.v14i1.4968","DOIUrl":"https://doi.org/10.55493/5004.v14i1.4968","url":null,"abstract":"Several studies have been carried out on the determinants of international trade. However, little is known about the relationship between infrastructure development and international trade in sub-Saharan African (SSA) countries in general and in Kenya in particular. This article examines the effect of infrastructure development on international trade. Thus, it concerns the analysis of Kenya’s economy during the period 1980-2021.The Autoregressive and Distributed Lags (ARDL) method is employed as estimation technique and different types of infrastructures such as rail lines, paved roads and access to electricity have been highlighted. Moreover, two indicators of international trade named external trade rate and Squalli and Wilson index were employed. The results revealed that access to electricity, paved roads as well as rail lines improve Kenya's external trade rate in the long run. However, no significant relationship was found in the short run. Moreover, the robostness of the results was confirmed with the Squalli and Wilson index. Therefore, Kenya’s goverment must pursue its national infrastructure development program with the support of other development partners by emphasizing the intensification of electricity, the construction of roads and railway lines. To achieve its infrastructure goals Kenya needs to develop the second phase of the Country Strategy Document.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":" 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139617120","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

Capital structure and financial performance of listed non-financial firms in Ghana 加纳非金融上市公司的资本结构与财务绩效

Asian Journal of Empirical Research Pub Date : 2023-08-24 DOI: 10.55493/5004.v13i3.4860

Kwadwo Ankomah, Frederick Akpali Samena, Isaiah Sikayena, Patrick Ofori-Oppong, Bernard Arpoh-Baah, E. Boadi, Karen Awo Harley

{"title":"Capital structure and financial performance of listed non-financial firms in Ghana","authors":"Kwadwo Ankomah, Frederick Akpali Samena, Isaiah Sikayena, Patrick Ofori-Oppong, Bernard Arpoh-Baah, E. Boadi, Karen Awo Harley","doi":"10.55493/5004.v13i3.4860","DOIUrl":"https://doi.org/10.55493/5004.v13i3.4860","url":null,"abstract":"Capital structure and its impact on firm performance is a key issue in finance, and there are a number of theories and empirical papers that explain this relationship. Using secondary data from listed companies that have traded on the Ghana Stock Exchange (GSE) from 2016 to 2020, the study specifically examines the effect of short-term debt, long-term debt, and total debts on the operational efficiency of listed non-financial companies in Ghana. The study shows that a firm's return on assets decreases as its amount of debt accumulation rises. Also, some firm-specific variables have small but significant impacts on enterprises' profitability. The study recommends that, to ensure that there is adequate cash available for the company's ongoing operations, corporate finance managers should ensure working capital is managed properly and responsibly. Also, in the extreme case where a short-term borrower facility is unavoidably required and must be acquired, the study advises administrators to make sure that the total amount of short-term obligations taken on as a percentage of the capital structure is less than the sum of non-current liabilities and equity in total assets.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114065011","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

Good governance and poverty alleviation in the cemac sub-region: A fixed effect model with driscoll-kraay standard errors technique 中非次区域的善治与扶贫:基于driscoli -kraay标准误差技术的固定效应模型

Asian Journal of Empirical Research Pub Date : 2023-07-31 DOI: 10.55493/5004.v13i2.4831

Enongene Betrand Ewane

{"title":"Good governance and poverty alleviation in the cemac sub-region: A fixed effect model with driscoll-kraay standard errors technique","authors":"Enongene Betrand Ewane","doi":"10.55493/5004.v13i2.4831","DOIUrl":"https://doi.org/10.55493/5004.v13i2.4831","url":null,"abstract":"Good governance is paramount for the government of each country to reduce poverty and achieve their growth objectives. However, due to corruption, political instability, and government ineffectivesness, the quality of governance indicators has fail in most countries expecially those in the Central African Economic and Monetary Community (CEMAC). Thus, the objective of this study was to examine the effect of good governance on poverty reduction in the CEMAC sub-region using World Bank data from 1996 to 2021. Due to multicollinearity and parsimonious model, four governance indicators were examine in the study; voice and accountability (vacc), government effectiveness, corruption, and political stability while household consumption expenditure (HCE) was use as a measure of poverty allevation. The study face the problem of cross-sectional dependence and heteroscedasticity. Hence, it employs the fixed effect model with Driscoll-Kraay standard errors regression. The results indicate that vacc and government effectiveness have a positive and significant impact on poverty reduction while corruption and political stability have a negative effect. This indicates that good governance is vital in reducing poverty and boosting the livelihood of the population in CEMAC sub region. The study recommends that CEMAC member countries should step up the quality of their governance indicators such as eradication of corruption, effectiveness in governance, and adopts results based financing.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"127 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132216515","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

Drivers in determining medical tourism destination choice among international tourists using partial least squares method 利用偏最小二乘法确定国际游客医疗旅游目的地选择的驱动因素

Asian Journal of Empirical Research Pub Date : 2023-07-25 DOI: 10.55493/5004.v13i2.4830

W. Omar, Anida Ismail, Nik Mohamad Shamim Nik Mohd Zainordin

{"title":"Drivers in determining medical tourism destination choice among international tourists using partial least squares method","authors":"W. Omar, Anida Ismail, Nik Mohamad Shamim Nik Mohd Zainordin","doi":"10.55493/5004.v13i2.4830","DOIUrl":"https://doi.org/10.55493/5004.v13i2.4830","url":null,"abstract":"Medical tourism is a relatively new segment that has spurred the attention of major health care leaders across the globe over the decade. The global medical tourism market has shown extensive growth whereby global medical tourism generated USD11.56 billion in 2020 which increased to USD13. 98 billion in 2021. The amount is projected to grow to USD53.51 billion in 2028. In Asia region, few countries are playing their roles as medical destinations such as Thailand and Singapore. However, Malaysia continues to lag far behind the neighbouring countries in terms of number of international visitors. Thus, the study aims to determine the drivers of medical tourism destination choice among international tourists. Purposive sampling technique was applied for the study. A total of 115 responses from 21 different countries were collected through Medical Tourism Agency Website and their overseas branch. Data were analysed using partial least squares method. It can be concluded that lower cost and tourist attraction have paramount importance as drivers in choosing Malaysia as medical tourism destination. The outcome of the study will contribute to the field of medical tourism particularly in the context of improvising the marketing strategies and strategic partnership.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126620792","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

A structural decomposition analysis of “Latin American decade” for selected countries 对选定国家的“拉丁美洲十年”进行结构分解分析

Asian Journal of Empirical Research Pub Date : 2023-03-13 DOI: 10.55493/5004.v13i1.4747

E. Tahsin

{"title":"A structural decomposition analysis of “Latin American decade” for selected countries","authors":"E. Tahsin","doi":"10.55493/5004.v13i1.4747","DOIUrl":"https://doi.org/10.55493/5004.v13i1.4747","url":null,"abstract":"The 2003-2014 period for Latin America refers to the recent boom period within the growth cycles of the region and is called as “Latin American decade”. Given that, the purpose of the paper is to analyze this specific period based on structural transformation dynamics. In this context, structural decomposition methods are evaluated to outline structural transformation patterns. For this analysis, the Groningen Growth and Development Centre (GGDC) Economic Transformation Database (ETD), which provides annual data on employment and real value added by 12 sub-sectors, is used for 8 LA countries (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Peru). The decomposition analysis is applied for three main periods (1990-2018, 1990-2003 and 2003-2014) within the growth cycles of the region. So it is predicted to define whether the “Latin American decade” differs from the previous period, regarding structural dynamics. During the “Latin American decade”, the region has gone commodity-led growth pattern and deindustrialization. Moreover, this pattern is not so homogenous. Specifically, the mining sector and non-tradeable sectors dominate the structural dynamics of some countries. Due to these patterns, the results underlie that productivity gains remained at low levels. Latin American countries need to design growth strategies that focus on escaping from productivity traps.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130842807","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

Managing statistical misinformation in marketing: A study on consumers’ attitudes and capabilities 营销中统计错误信息的管理:消费者态度和能力的研究

Asian Journal of Empirical Research Pub Date : 2023-03-13 DOI: 10.55493/5004.v13i1.4748

Chi-Hong Leung, W. T. Chan

{"title":"Managing statistical misinformation in marketing: A study on consumers’ attitudes and capabilities","authors":"Chi-Hong Leung, W. T. Chan","doi":"10.55493/5004.v13i1.4748","DOIUrl":"https://doi.org/10.55493/5004.v13i1.4748","url":null,"abstract":"This paper discusses various types of misleading statistical information in marketing promotion and explains why it is harmful for customers. The paper also studies the customers’ attitudes to such misinformation and capabilities of managing it. A survey was used to collect data from 210 respondents’ attitudes to analyzing data when purchasing products and 2) studied whether these respondents could properly evaluate such information found in promotional messages. The respondents were students in a university and they were supposed to have sufficient mathematical and logical capabilities of managing statisical information. Respondents showed positive attitudes to data investigation involved in the purchase decision although they lacked the relevant knowledge to process the misleading statisical information. In general, they might not make correct decisions in various deceptive situations. Relevant product information is usually necessary for customers when they have to consider and buy important products. Statistical information can support objective decision making but the misleading one is harmful for customers. More statistical knowledge and other relevant skills are required to enhance the ability of processing misleading information in marketing promotion. The paper suggests a number ways to acquire such knowledge and skills.","PeriodicalId":426560,"journal":{"name":"Asian Journal of Empirical Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132430704","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

Is the effect of disaggregated public spending on unemployment reinforced by governance in Cameroon? 喀麦隆的治理是否加强了公共支出对失业的影响?

Asian Journal of Empirical Research Pub Date : 2023-03-13 DOI: 10.55493/5004.v13i1.4746

Dzou Pierre Patrick, Noula Armand Gilbert, Tchouassi Gérard, Chouafi Nguekam Orfé, Ngnemadon Ahmed Ali Salim

引用次数: 0

Financial Development and Economic Growth: An Instrumental Variables Approach 金融发展与经济增长:工具变量方法

Asian Journal of Empirical Research Pub Date : 2022-09-14 DOI: 10.55493/5004.v12i3.4608

F. N. Nonga, Ngo Yonga Debora Blanche, Ekani Evrad Arnaud

引用次数: 1

Board Characteristics and Research and Development of Listed Manufacturing Firms in Nigeria 尼日利亚制造业上市公司董事会特征与研究与发展

Asian Journal of Empirical Research Pub Date : 2022-08-16 DOI: 10.55493/5004.v12i3.4579

Okere Wisdom, Offiaeli Amarachukwu Grace, Ilo Stephanie

引用次数: 0

Testing the Environmental Kuznets Curve Hypothesis in CEMAC Countries 中非经共体国家环境库兹涅茨曲线假设的检验

Asian Journal of Empirical Research Pub Date : 2022-06-15 DOI: 10.55493/5004.v12i2.4518

Philémon Nsi Ella, Jean Felix Mabiala, Louis Bertrand Ogoula Ikinda

引用次数: 3