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Article
Publication date: 7 June 2011

Shin‐Yun Wang and Chih‐Chiang Hwang

The purpose of this paper is to apply options to the pharmaceutical markets to solute the corruption and counterfeit drugs in emerging markets.

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Abstract

Purpose

The purpose of this paper is to apply options to the pharmaceutical markets to solute the corruption and counterfeit drugs in emerging markets.

Design/methodology/approach

This article proposes a framework for using pharmaceutical options. The application of options to pharmaceuticals will enable a freer and more competitive pharmaceutical market, and assist medicine producers and hospitals using pharmaceutical options market to hedge price risk.

Findings

The paper finds that it is possible, for example, to apply the theoretical framework to case studies in pharmaceutical markets.

Research limitations/implications

The present study provides a starting‐point for further research in the pharmaceutical markets sector. The environment of the existing pharmaceutical markets, the implementation of pharmaceutical options, and the potential benefit of such implementation are discussed in details.

Originality/value

This framework has proven to be useful in improving the pharmaceutical markets of the medical industry.

Details

International Journal of Accounting & Information Management, vol. 19 no. 2
Type: Research Article
ISSN: 1834-7649

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Article
Publication date: 17 December 2024

Folorunsho M. Ajide, Tolulope T. Osinubi, Sodiq Abiodun Oladipupo and Esther Omolade Soyode

This study aims to examine the effect of Chinese foreign direct investment (FDI) and trade on economic complexity in Africa.

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Abstract

Purpose

This study aims to examine the effect of Chinese foreign direct investment (FDI) and trade on economic complexity in Africa.

Design/methodology/approach

Panel data from 34 African countries between 2003 and 2022 are used. This study analyzes the data using a two-stage least square proposed by Lewbel (2012) and Driscoll and Kraay (1998) estimator based on robust standard errors and panel quantile regression via moments proposed by Machado and Silva (2019).

Findings

The results show that Chinese FDI and trade effectively upgrade economic complexity in Africa. Also, there is an inverted-U-shaped relationship between Chinese trade and economic complexity, thus revealing evidence of the trade Laffer curve.

Originality/value

Despite the intense debate on the Chinese-African economic relationship, to the best of the authors’ knowledge, no known study has examined the implications of Chinese FDI and trade on economic complexity in Africa. Therefore, this study fills this lacuna found in the literature and suggests that Chinese FDI and trade are veritable tools for technology diffusion and innovation, which are capable of upgrading economic complexity in Africa. However, the Chinese-African trade relationship should be complemented with sound trade policies for the sustainability of the beneficial effect of Chinese trade on economic complexity in Africa.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 18 no. 1
Type: Research Article
ISSN: 1754-4408

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