Purpose – This study aims to explore Taiwan’s potential for bioenergy production using feedstocks grown on set-aside land and discusses the consequent effects on Taiwan’s energy security plus benefits and greenhouse gas (GHG) emission. Design/methodology/approach – The Modified Taiwan Agricultural Sector Model (Modified TASM), based on price endogenous mathematical programming, was …
Purpose – The purpose of this paper is to provide a big picture of the current context of Chinese economy, the government policies on agriculture, and the role of agricultural risks and risk management against this background. Design/methodology/approach – The new Chinese economic challenges are laid out upfront. Relevant agricultural issues are then provided, with statistics; next, ris…
Purpose – The purpose of this paper is to see if economic regionalization in Asia is a trend for the future, and if it heralds educational regionalization, thus uniting economic internationalization and education. Design/methodology/approach – This has been shown to be the case in the European Union where it is still a work in progress and may well be sliding backward, and it is certain…
Purpose – The purpose of this paper, based on the institution change theory, is to analyze the factors which influence the auditees’ demand for government performance auditing (GPA). Design/methodology/approach – This study acquired the data by survey. The author investigated the government officials and the state-owned enterprises and institutions’ senior managers from 28 provinces…
Purpose – The purpose of this paper is to investigate the chaotic dynamics behaviours and chaos control of differentiated Bertrand model. Design/methodology/approach – The paper analyzes a nonlinear differentiated Bertrand duopoly game by using the theory of bifurcations of dynamical system, where players have heterogeneous expectations and nonlinear cost function: two types of players …
Purpose – The purpose of this paper is to evaluate threshold effects in the persistence of South African aggregate inflation data. Design/methodology/approach – The conventional approach for assessing the degree of persistence within an inflation process is via its integration properties. This study makes use of univariate threshold autoregressive (TAR) models and associated unit root t…
Purpose – The purpose of this paper is to stress the role that several defective theories or views of the world played in generating the subprime financial crisis. Design/methodology/approach – This is done by describing these views, showing that they were widely held by relevant decision makers, and by analyzing the flaws in these views. A considerable amount of literature is surveyed …
Purpose – The purpose of this paper is to examine empirical characteristics of two commonly mentioned expressions of international financial crisis, “sudden stops” and currency crises. Design/methodology/approach – Sudden stop and currency crisis events are identified and empirical regularities among them are analyzed based on the annual data of 25 emerging market countries from 199…
Purpose – There has been significant interest in the classification of exchange rate regimes in order to investigate a wide range of hypotheses. Studies of the effects of exchange rate regimes on crises and other aspects of economic performance can have important implications for policy choices. The paper provides a guide to the major new large data sets that classify exchange rate regimes…
Purpose – The purpose of this paper is to study the short-term macroeconomic effects of the fiscal policy in Colombia for the 1980-2007 period using a structural vector autoregression (SVAR) model. Design/methodology/approach – The authors’ benchmark is a five-variable SVAR model which includes government spending, output, tax revenues, inflation and short-term interest rates. In addi…
Purpose – The purpose of this paper is to show how network analysis can be used for effective cross-border financial surveillance, which requires the monitoring of direct and indirect systemic linkages. Design/methodology/approach – This paper illustrates how network analysis could make a significant contribution in this regard by simulating different credit and funding shocks to the b…
Purpose – Class action (CA) has long been used in practice (mainly in the USA) and studied by academics especially in the shareholder protection area. This paper aims to apply the same practice within the current financial meltdown context. Design/methodology/approach – The paper faces the issue by comparing ex ante regulation with an ex post regulatory system, basically dependent on th…
Purpose – As a major agricultural province in central China, Hubei Province mainly carries out the peasant household credit investigation system through rural credit cooperatives (RCCs). The purpose of this paper is to evaluate the efficiency of the peasant household credit investigation system in Hubei RCCs and provide some evidence and ideas to the formulation of relevant policies. Desi…
Purpose – The purpose of this paper is to quantify the implications of China’s recently adopted agricultural policies on domestic and international commodity markets. Design/methodology/approach – A systematic, quantitative analysis is applied to address whether China’s recent trade and production policies distort China’s domestic and international commodity markets. The paper pro…
Purpose – The purpose of this paper is to identify common inclusive concepts that might help define the boundaries of a general theory of behavioral finance. Design/methodology/approach – A cross disciplinary review of relevant natural and social sciences is conducted to identify common foundational concepts. Findings – The overall findings are that a general theory must include assum…
Purpose – The paper draws on the key themes raised at a Round Table discussion on behavioural finance attended by academics and practitioners. The paper provides a background to the key aims of behavioural finance research and the development of the discipline over time. The purpose of this paper is to indicate some future research issues on behavioural finance that emanate from the financ…
Purpose – After Ma Yingjeou’s re-election in 2012, Mainland China and Taiwan will continue cooperation in economic fields. The purpose of this paper is to undertake research on a bilateral investment agreement (BIA) between Mainland China and Taiwan. Design/methodology/approach – The paper uses statistics to demonstrate the growing cross-strait investment and incompetent contemporary …
Purpose – The purpose of this paper is to study the long-run relationship between economic growth and income inequality in China during the pre-reform (1952-1978) and post-reform (1979-2007) periods, this will be done via cointegration analysis. Design/methodology/approach – The aim of this paper is to offer a proper answer to the issue of the inequality-growth nexus by using a cointegr…
Purpose – The purpose of this paper is to analyze the economic relation between China and Nigeria in the area of foreign direct investment (FDI). Design/methodology/approach – The study employed the use of quantitative (descriptive analysis such as ratios, percentages and correlation as well as cross tabulations), qualitative (key informant interviews and surveys) and case studies – f…
Purpose – The purpose of this paper is to test geographic and economic distance of industrial agglomeration. Design/methodology/approach – Based on a recent census database in China, we estimate the production function of Chinese firms, focusing on the impact of agglomeration economies. Findings – The estimation results provide strong evidence that agglomeration effects decline with …
Purpose – The purpose of this paper is to examine whether there are any systematic relationships between the characteristics of each study about immigrants’ pro-trade impacts and its results. Design/methodology/approach – A meta-analysis of 24 papers and 184 estimates that study the trade-creating network effects of immigrants is employed. Findings – The paper finds that, first, imm…
Purpose – The purpose of this paper is to examine the daily and overnight volatility spillover effects in common stock prices between China and G5 countries and explain their implications on the basis of empirical results. Design/methodology/approach – The analysis utilizes the exponential generalized autoregressive conditional heteroskedasticity (EGARCH) model, the cross-correlation fu…
Purpose – The purpose of this paper is to build a theoretical framework that identifies the important skills for successful export from different business areas and make an empirical ranking of their importance. Design/methodology/approach – A survey containing 88 practical export skills, selected from the existing literature, was sent to 800 Chinese exporting companies in major Eastern…
Purpose – The purpose of this paper is to bring out with analytical argumentation and mathematical treatment the central problem of Islamic economics, finance, institutionalism and socio-scientific thought as it is being practiced today and for some time now. The problem arises from the failure of contemporary Islamic intellection to formulate its methodology according to the cardinal prin…
Purpose – This paper aims to determine the importance of the Islamic banks in the monetary transmission process in the Malaysian economy. In particular, the paper analyzes the relevance of Islamic banks’ financing and deposit in channelling the monetary policy effects to the real economy. Design/methodology/approach – The paper relies on the co-integration test, impulse response funct…
Purpose – Although the importance of the elasticity of substitution between capital and labour (s) has been recognized in many areas in economics, this parameter has not received enough attention in economic growth. The purpose of this paper is to review the recent development in the importance of s in economic growth. Design/methodology/approach – This paper specifically reviews the po…
Purpose – The purpose of this paper is to discuss implications of the global crisis for economic and financial research and policy. Design/methodology/approach – The paper reviews many recent studies on the crisis and offers the author’s views on some of the most important lessons to be drawn from the crisis Findings – The review counters views that the crisis reflected a basic fail…
Purpose – The purpose of this paper is to investigate whether mining can serve as a pathway for economic development despite the environmental externalities. The extensive literature on the ‘‘resource curse’’ phenomenon at the national level generally finds that economic dependence on mineral resources is associated with lower levels of economic growth. This paper shows that furthe…
Purpose – This paper aims to argue that in the short history of New Zealand banking, political experimentation, based at first upon socialist ideology of the 1940s led to the nationalisation of The Bank of New Zealand (BNZ), followed by a period of neo-liberalism in the 1980s and early 1990s in which the bank was privatised. It further argues that the establishment of Kiwibank Ltd in New …
Purpose – The purpose of this paper is to examine Fritz Machlup’s method and use of scenario analysis in the policy discussions around exchange rate solutions to balance of payments problems. Design/methodology/approach – The qualitative research on which this paper is based is the sociohistorical biographical approach, based on a close examination of published works and archival mate…
Purpose – The EU-funded research project “Fifobi – Fit for Business – developing business competencies in school” (2009-2012) focused on the implementation of economic education in seven European countries. The purpose of the project and this paper is to investigate the current programmes that exist within the final two years of compulsory education in the field of business educat…
Purpose – The purpose of this paper is to investigate the causal relationships among the factors influencing the technology transfer offices’ (TTOs) performance. Design/methodology/approach – The fuzzy cognitive maps (FCM) method is used in this study. Findings – The findings from this research is that TTO human resources, industry research demand, R&D budget of university and econo…
Purpose – The purpose of this paper is to empirically test dominant theories and assumptions in behavioral finance, using data from the Standard & Poor’s 500 index. Design/methodology/approach – The empirical analysis has three parts: to test the assumption of risk aversion; to examine the dominant theory that the optimal portfolio depends on risk preferences; and to test prospect the…
Purpose – Development ethics is an important topic which is often neglected in development studies. The purpose of the paper is to analyze international development in an ethical-based context using the approach of development ethics. Design/methodology/approach – The analysis is mainly based on the pioneering work of the prominent development ethicists and the founder of development et…
Purpose – The conventional wisdom regarding economic crime analysis has so far mainly focused upon “structural” issues. The field has been analysed mostly under the organisational aspect (how criminals organisations are structured, how illicit activities they perform are organised). Attention has been paid to “methods” – more in terms of case-studies and search of “models” th…
Purpose – The paper aims to analyse economic crimes in the construction industry with special reference to dealing in receipts. First, its purpose is to obtain knowledge on the extent of economic crimes as well as dealing in receipts in the construction industry. Second, it seeks to find more detailed information about cases, suspects and companies involved with these crimes. Finally, it a…
Purpose – The purpose of this paper is to understand the incentive effects of existing compensation mechanisms in case of the bankruptcy of a financial institution. Design/methodology/approach – The paper uses insights of law and economics to predict the effects of compensation mechanisms on the incentives of depositors, financial institutions, financial regulators and government. Find…
Purpose – The purpose of this paper is to distinguish the economic foundations of post-Communist capitalism and to examine the key economic problems of this type of society in the context of the modern financial crisis. Design/methodology/approach – This question is approached by studying the “necroeconomy” as a phenomenon of post-Communist capitalism and the international experienc…
Purpose – The purpose of this article is to introduce heterodox economics as a viable alternative to market-fundamentalist economics and to outline the articles of the special issue. Design/methodology/approach – This introductory article provides an overview and summary of the contributions in the special issue. Findings – Market-fundamentalist economics has failed to adequately expl…
Purpose – What do economists talk about? This seemingly innocent interrogation conceals a broader and innovative research programme, with the potential to renew the reflection on heterodox economics in a post-crisis scenario. The aim of this paper is to show that convergence between language for specific purposes and economics is possible, so as to single out the genesis and the emergence …
Purpose – This paper aims to present the implications of discussing the economic concepts relevant to student projects within the international program Students in Free Enterprise (SIFE) and to discuss them as a teaching strategy that provides a simple but effective way to break the hegemony of market fundamentalism. Design/methodology/approach – The paper proposes using opportunities p…
Purpose – The purpose of this paper is to explain how student-written diaries and journals serve as a specifically feminist pedagogy for teaching feminist economics, thereby challenging the lecture-based techniques used to teach and uphold the mainstream, market-fundamentalist paradigm. Design/methodology/approach – The approach involves the author’s observations and experiences using…
Purpose – This paper aims to describe how to teach economics to adult learners, many of whom are women, immigrants and do not hold college degrees, but who feel the effects of mainstream economics — and the brunt of economic policies and the ensuing lack of services that are provided — in their everyday lives. Design/methodology/approach – The article reviews popular education pedag…
Purpose – This paper aims to review the undergraduate curricular structure of 36 self-identified heterodox economic programs in the USA, Australia, UK and Canada. Design/methodology/approach – The author gathers, summarizes, compares and contrasts the structure of 36 undergraduate heterodox departments. Departments are classified into traditional, plausibly pluralistic, and demonstrably…
Purpose – This essay aims to explore the changes that will occur in both the natural and social sciences in general and education in particular with the advent of the cloud, fast computers and sophisticated data analysis software coupled with artificial intelligence. Design/methodology/approach – The paper looks at literature, particularly science fiction, and recent developments in tec…
Purpose – The purpose of this paper is to present the past experience of ranking of journals and Economics departments in Greece. Design/methodology/approach – The paper provides a critical assessment of rankings on heterodox economists in Greece. Findings – Modeled after the Anglo-American patterns, albeit unofficial, ranking had a detrimental impact on heterodox economics in terms …
Purpose – The purpose of this paper is to plan a relevant, professional development conference for the faculty of a small, private, suburban college in upstate, New York. The Provost and Senior Vice-President led a college-wide committee of faculty, administrators, and staff in a survey method to discover the priorities of the faculty, in further development of excellence in teaching and l…
Purpose – The purpose of this paper is to investigate the optimality of various strategies for spending on information security. Being able to understand the strengths and weaknesses of spending strategies is useful to organizations. Design/methodology/approach – The author’s analysis begins with a whole-systems view of the security spending decision that encompasses people, technolog…
Purpose – The purpose of this article, which is based in the tradition of critical theory, is to present a number of reasons for preserving a strong production economy given that the aim of the nation state is to work for improved competitive advantage. Design/methodology/approach – The critical theory approach is used in this paper. Findings – The paper is also an attempt to show why…
Australian accounting authorities have adopted an economic purpose and an economic framework for general purpose financial reporting by government departments and agencies. They declare that providers of resources to government, recipients of public goods and services, and parties performing a review or oversight function can use general purpose financial reports (GPFRs) issued by government d…