Research in World Economy

Journal Information
ISSN / EISSN : 1923-3981 / 1923-399X
Published by: Sciedu Press (10.5430)
Total articles ≅ 522
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Guo-E Xie, Yi-Qiu Zhu
Published: 22 June 2022
Research in World Economy, Volume 13; https://doi.org/10.5430/rwe.v13n1p29

Abstract:
This article analyzes how trade facilitation influence China’s agricultural exports to RCEP partners. Based on the data of the World Economic Forum Global Competitiveness Report and principal component analysis, we constructs a 14 index system to measure trade facilitation. Based on the export data from 2011 to 2019, the extended gravity model is used to estimate the relationship between trade facilitation and the depth and breadth of China's agricultural exports. The study shows that improving the trade facilitation of RCEP partners can significantly enhance the depth of China's agricultural exports. Specifically, the trade openness, e-commerce and financial environment of importing countries have a significant positive impact on the depth and breadth of exports. Another important finding is that China's trade facilitation has played a more active role in the depth and breadth of exports. Its infrastructure quality, e-commerce and financial environment can greatly promote China's agricultural exports.
Alan G. Phipps
Published: 22 June 2022
Research in World Economy, Volume 13; https://doi.org/10.5430/rwe.v13n1p1

Abstract:
A new theoretical criterion of housing affordability is defined as a mismatch between where a resident likes to live if preferences are unconstrained, and where they can afford to live if preferences are budget constrained. This study theorizes and quantifies the compensatory amounts of money to be spent to reduce these mismatches by acquiring unconstrained most preferred attributes’ levels of homes. Compensatory amounts are quantified with the predicted implicit prices of almost 3,000 sold single-detached(-like) homes in each of two mid-sized Canadian cities. The analysis predicts approximately one-half of up to 74 respondents in each city in 1987 and 2020 will experience a residential mismatch if they choose their budget-constrained most preferred home. Unaffordable compensatory expenditures are especially predicted for non-managerial or professional workers if they want to afford their unconstrained most preferred attributes’ levels of house type and size, house age and exterior finish, basement condition and home renovations, and lot size and garage. Moreover, average predicted compensatory expenditures exceed loans or grants in four past and current public policies in Canada for subsidizing prices of these four attributes or increasing the wealth of homebuyers.
Hanny-Sherry Ayittey
Published: 22 June 2022
Research in World Economy, Volume 13; https://doi.org/10.5430/rwe.v13n1p42

Abstract:
This qualitative study evaluated the views of ten elites concerning their roles and views in the formulation and implementation of reproductive health (RH) policies in Ghana. The elites comprised of politicians, State policy technocrats, community leaders including a Traditional Chief; the group of elites also included representatives from all three major religions in Ghana: African traditional religions, Christianity and Islam. The results of the study indicated both positive and negative impacts of RH policies on the improvement of the economic welfare of individuals and small owner businesses. A major finding was the role of awareness in the acceptability of RH policies related to the birth control (BC) methods and products and contraceptives. The influence of the affordability of BC products and contraceptives was a common point of agreement of the ten elite people. The limited numbers of proper family planning clinics and specialist clinics in Ghana were seen to be a hindrance towards the acceptance of RH policies related to the use of BC products and contraceptives. The elites agreed that the Ghanaian society was a conservative one and this presented a general difficulty concerning the discussion of family planning and sexual matters. While there was a consensus on the role of awareness in increasing the acceptance and use of BC products and contraceptives, there was some disagreement of the proper role of non-governmental organizations, including religious organizations, in creating awareness of BC products and contraceptives in the community.
Dingdong Sun, Jiefei Zheng, Rui Liu, Zhiqiang Ye
Published: 22 June 2022
Research in World Economy, Volume 13; https://doi.org/10.5430/rwe.v13n1p56

Abstract:
In recent years, with China’s growing economic strength driven by the reform of market economic system and the implementation of “going out” strategy, overseas M&A has become an important channel for many Chinese listed companies to optimize the resource allocation and realize the leap of global value chain. Overseas M&A not only garners the advanced technology from overseas companies, but also improves the corporate governance of the parent company. With the data of Chinese listed companies from 2003 to 2019, this paper empirically examines how overseas M&A of listed companies influences the performance sensitivity of CEO turnover, and the PSM method and placebo tests are adopted to discuss the endogeneity. Finally, we proceed the heterogeneity tests by the nature of property rights, CEO power and the market competitiveness of product, respectively. The empirical results show that overseas M&A of Chinese listed companies will significantly improve the performance sensitivity of CEO turnover, and the phenomenon is more significant in SOEs and companies with lower management shareholding ratio, older CEO age, longer tenure of CEO, and lower product market competition. The conclusion of this paper not only offers a unique theoretical perspective for China's listed companies to improve their governance efficiency through overseas M&A, but also provides policy references for improving China's overseas M&A behavior in practice.
Duong Manh Hung, Bui Trinh
Published: 22 June 2022
Research in World Economy, Volume 13; https://doi.org/10.5430/rwe.v13n1p19

Abstract:
Vietnam has strengths in perennial crop production due to its diverse soil, climate and crop ecosystems. Developing perennial crops is strength of our Vietnam's agriculture to serve the requirements of raw materials for the processing industry and for export. During the 36 years of renovation (1995 - 2021), perennial crop production has continuously developed comprehensively, growing rapidly both in terms of area expansion and intensive farming to increase productivity and output. In recent years, the output of most perennial crops has increased sharply, especially those associated with export such as coffee, rubber, tea, cashew, and pepper. Policymakers and many researchers in Vietnam seem to be "crazy" for the GDP index, so everything seems to be compared with GDP; if an industry's share in GDP is low, it doesn't seem these sectors important enough! This study used input-output analysis method to show the importance of perennial crops to the Vietnamese economy through the multiplier links between industries (inter-industrial) and the economy's supply-demand relationship.
George Galanos, Thomas Poufinas, Charalampos Agiropoulos
Published: 19 July 2021
Research in World Economy, Volume 12; https://doi.org/10.5430/rwe.v12n4p38

Abstract:
A country’s competitiveness depends on many factors related to general governance, effectiveness of markets, social development, and business perspectives. The role of financial markets for economic growth has been the subject of many scientific studies; most of them concluded that a well-developed financial system should improve the efficiency of financing decisions, favouring a better allocation of resources and thereby economic growth. The financial crisis that started in the summer of 2007 is still testing the strength of the global economic system. It started in the financial sector, but is now having an important impact on the real economy. The aim of this paper is to investigate the relationship between a country’s financial market development and its competitiveness in particular in times of crisis, with the use of a series of econometric models. We find evidence that financial market development is affected (with the anticipated sign of impact) by the Global Competitiveness Index, the GDP per capita and the (un)employment level of a country. It is also related (with an unexpected direction of impact) with the foreign market size and exports, as well as infrastructure. Our findings can be used by the policymakers of countries which wish to improve their competitiveness so as to steer the determining variables in the desired directions and approach their desired competitiveness levels.
Randa Sleibi, Naser Abdelkarim
Published: 19 July 2021
Research in World Economy, Volume 12; https://doi.org/10.5430/rwe.v12n4p25

Abstract:
This study empirically evaluates the potential relation between strategic Corporate Social Responsibility (CSR) dimensions and strategic value creation and establishes an order of importance of these dimensions according to Palestinian public shareholding corporates listed on Palestine Exchange. This is a quantitative research that analyzes corporates’ responses on a descriptive and correlational questionnaire designed specifically for the research purpose.Cross-sectional analysis revealed important correlations between the strategic value and CSR dimensions across various sectors, such as a strong positive correlation with Proactivity in the Banking sector, a moderate negative correlation with Voluntarism in the Industrial sector, a strong positive correlation with Visibility in the Investment and Services sectors and no correlation in the Insurance sector. The order of preference with respect to dimensions also varied among sectors: the most important dimensions for the Banking, Industrial, Investment, Services and Insurance sectors were Visibility, Centrality, Voluntarism, Centrality and Proactivity; Respectively.
Malak S. Hussain
Published: 19 July 2021
Research in World Economy, Volume 12; https://doi.org/10.5430/rwe.v12n4p1

Abstract:
Objectives: This study aims to know the effect of change in culture and technology on efficiency in Dairy Factory - Sudan, 2019-2020 and to know the views of managers on the impact of change management on efficiency, to identify the positive aspects that help in improving this efficiency as well as to identify the negatives Which limit the company's efficiency in this field, by answering the following research questions: - Is there an impact of changing culture and technology on increasing the efficiency of institutions? To answer these questions on which the problem is centered around, the following scientific hypotheses were put forward: - There is a statistically significant relationship between changing the organization's culture and increasing the efficiency of organizations, as well as the existence of a statistically significant relationship between changing technology in the organization and increasing the efficiency of organizations. Methods: The descriptive and analytical approach was used to describe the phenomenon under study, and the questionnaire was used to collect various data. The questionnaire was distributed to the sample members who numbered (55) employees to conduct the statistical analysis for this study, through the program used for the statistical analysis of social sciences, the hypotheses were tested by Median and chi-square. Finding: inflating the culture of the departments and divisions of the company, the stagnation and inflexibility of the society's culture, and the inadequacy of that culture to the requirements of work within the community, which led to an overlap in the powers and responsibilities? The most important recommendations: The necessity of changing the organizational structure to comply with the requirements of work, after carefully studying the internal and external environment, and for the change to take place based on the recommendations of specialists in administrative sciences. So that it is not random and does not lead to an inflation of the organizational structure without success. Value: The importance of the study stems from the fact that it addresses an important topic in business administration, which is managing change in organizations, which is the only way for these organizations to develop and continue to exist. It also studies the reality of change management in the DAL Dairy Factory - Sudan.
Dirar Abdul-Hamid Al-Toum Al-Otaibi, Hossam Hosney Abdul Aziz, Shady Mohamed Shawky Abdel-Mawgoud
Published: 19 July 2021
Research in World Economy, Volume 12; https://doi.org/10.5430/rwe.v12n4p94

Abstract:
Economic growth is always seen as one of the chief economic goals countries try to achieve, in order to develop its economics. Economic growth takes different forms following the varying economic theories, and it's mostly defined as achieving increase in average share of individual from the real gross national income at certain time period. One of the most frequently used indexes to measure economic growth is: Measuring economic growth based on the expected – no the real – income, especially in countries that possess rich resources. And based on gross domestic product at fixed price and one year, and the average individual share from real income.
Assoumou Ondo, Beau Jency Owono Ondo
Published: 19 July 2021
Research in World Economy, Volume 12; https://doi.org/10.5430/rwe.v12n4p17

Abstract:
This article analyzes the relationship between Government size and corruption. Unlike the works in the way which suppose a linear relationship between the two variables, we estimate a panel with change of the modes to characterize the impact of the size of the Central Government on corruption, in the countries of the economic community and monetary of Central Africa (EMCCA). The results show that there is a non-linear relationship between these two variables. Indeed, a strong involvement of the Government in economic activity results in a significant increase in corruption when the Government exceeds a size of 13.5508% of the GDP.
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