Nilendu Chatterjee and Tonmoy Chatterjee
The fight between two nations on each other’s exportable on the basis of tariff is known as tariff war. Although an economic policy, very often motivated by nationalism and…
Abstract
The fight between two nations on each other’s exportable on the basis of tariff is known as tariff war. Although an economic policy, very often motivated by nationalism and politics, a nation imposes tariff on the exports of another nation which, in retaliation, again imposes tariff on the exports of its trading partner. The prime cause of such war is certainly to enhance employment opportunities in the home nation. But politics and nationalism provoke the opposite nation to follow the same policy. Effects of such tariff war, whether beneficial or harmful, are yet to be seen. In this context, we have adopted a general equilibrium model to illustrate the probable effect of the above-stated trade war in a structure consisting both H–O nugget and export sector dualism. The effect of imposition of tariff on multinational corporation (MNC) that has its own origin nation and production activities in other nation as well where it faces the war of tariff is considered. But it gets relief in the form of tax reduction in its origin nation. Under such a scenario, the study has shown the effect of tariff in the presence of full employment in the economy as well as in the presence of unemployment. It is seen that the MNC will continue its production procedure in both nations and enjoy profit, under some conditions. Further, in the presence of unemployment it is seen that if rate of tax on the MNC rises, unemployment may fall and welfare can increase under certain conditions.
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Josephine Ofosu-Mensah Ababio, Eric B. Yiadom, John K.M. Mawutor, Joseph K. Tuffour and Edward Attah‐Botchwey
This study aims to use 67 developing countries to examine the role of financial inclusion as an “empowering tool” for renewable energy uptake and to improve environmental…
Abstract
Purpose
This study aims to use 67 developing countries to examine the role of financial inclusion as an “empowering tool” for renewable energy uptake and to improve environmental sustainability in developing countries.
Design/methodology/approach
Using a battery of econometric models, including the generalized method of moment-panel vector autoregression (GMM-PVAR), impulse response function, Granger causality, fully modified ordinary least squares and dynamic ordinary least squares, the study proposed and tested three hypotheses.
Findings
The results from various estimations indicate that financial inclusion has a positive effect on renewable energy consumption and environmental sustainability improvement in developing countries. The findings suggest that financial inclusion can improve environmental sustainability by increasing access to financing to fund renewable energy projects, support sustainable businesses and promote sustainable practices.
Originality/value
This study suggests that policymakers prioritize financial inclusion to promote renewable energy consumption and environmental sustainability. Policies should enhance access to financial services, offer financial incentives and subsidies, provide affordable loans through microfinance institutions and fintech companies and promote sustainable businesses and green technologies.
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Mo Eyeoyibo and Haroula Konstantinidou
This is a case report of a patient with Down's syndrome and moderate learning disabilities presenting with an acute psychotic episode in the context of hyperthyroidism as well as…
Abstract
This is a case report of a patient with Down's syndrome and moderate learning disabilities presenting with an acute psychotic episode in the context of hyperthyroidism as well as vitiligo and alopecia. Alongside the case history we present a discussion of the relationship between all the medical conditions and a possible autoimmune aetiology. Finally, we stress the need for medical personnel to be vigilant in order to prevent treatable but potentially disabling medical problems in this population.
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Veera Kristiina Salomaa and Ihab Tewfik
Purpose: Evidence of adverse health effects of artificial trans fatty acids (TFAs) have accumulated since 1990s, yet TFAs are widely used by several food manufacturers around the…
Abstract
Purpose: Evidence of adverse health effects of artificial trans fatty acids (TFAs) have accumulated since 1990s, yet TFAs are widely used by several food manufacturers around the world. This review aimed to: ascertain the available evidence of the known unfavourable biochemical properties of artificial TFAs, their metabolic functions and health consequences; estimate their average intake levels and trends in different countries in order to critically evaluate whether more action is required to eliminate them from the diet. Methodology: The published evidence was searched by employing: Medline, Pubmed, InterScience, BioMed Central and Annual Reviews. Findings: With reference to human health, evidences from epidemiological, retrospective and observational studies revealed that the consumption of TFAs could outweigh the health risks posed by saturated fat consumption. The main health concerns included unfavourably altered blood cholesterol concentrations, insulin resistance, foetal brain and neural disturbances, proinflammatory and carcinogenic responses. Great variation exists in the global trends of industrial TFAs intake, being low in Mediterranean region, Japan and Scandinavia and high in parts of United States of America and Iceland. Besides the intense use of TFAs by food manufacturers and in eateries, the use of TFAs in food products is often poorly regulated and ill‐informed to consumers. Value: Since competitive alternatives to TFAs have made them non‐mandatory a broad public health intervention at government level to regulate or completely eliminate them from the national diet is warranted.
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Joon-Heon Song and Hee-Cheol Moon
Considering the proliferation of free trade agreements (FTAs) worldwide, this study develops and empirically tests a conceptual model to explain the impact of CEO attitudes on the…
Abstract
Considering the proliferation of free trade agreements (FTAs) worldwide, this study develops and empirically tests a conceptual model to explain the impact of CEO attitudes on the intention of exporting firms to utilize FTA preferential tariffs. Based on a survey of 221 exporting small and medium-sized enterprises in South Korea, this study employed partial least squares structural equation modelling to test the hypotheses. Results show that perceived usefulness and organizational learning partially mediate the relationship between CEO attitudes and intention to use FTA schemes. This study deepens our understanding on the firm’s internal process for utilizing FTA preferential tariffs.
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The increased participation of economies in regional and bilateral free trade agreements (FTAs) has resulted in welfare effects. This chapter attempts to determine the welfare…
Abstract
The increased participation of economies in regional and bilateral free trade agreements (FTAs) has resulted in welfare effects. This chapter attempts to determine the welfare implications of preferential reductions in tariffs and free-trade zones on Afghan imports by adopting the Magee (2016) framework. This approach separates the consequences of tariff hikes triggered by FTAs from the general equilibrium effects (GEEs) caused by unknown variables impacting the country's imports (historical links, shared language and culture, landlockedness, etc.). This method evaluates whether preferential tariff reductions favouring partner countries would benefit or harm member countries. The results indicate that the magnitude of the effects of trade creation (TC) is significantly higher than those of trade diversion. TC resulting from GEEs unexpectedly surpasses TC resulting from tariff preferences extended to member nations. Afghanistan's FTAs are not harmful but enhance living conditions. This chapter recognises South Asian Free Trade Area’s (SAFTA's) potential for trade expansion by focusing on commitment to regional integration and increasing liberalisation by implementing a more easily upgraded tariff framework and trade facilitation system. The findings are relevant since World Trade Organisation (WTO) members are often sceptical about regional trade agreements (RTAs) or Bilateral Free Trade Agreements (BFTAs) as agents harming well-being.
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P. O'Callaghan, A.T. Walker, K.W. Hang, V.P. Siuta, J.J. Osborne, J. Smith, K. Hayakawa and A. Buckthorpe
Debabrata Mukhopadhyay and Dipankar Das
Financial sustainability in emerging market economies crucially depends on stable foreign capital inflows as these countries lack adequate domestic capital and sophisticated…
Abstract
Financial sustainability in emerging market economies crucially depends on stable foreign capital inflows as these countries lack adequate domestic capital and sophisticated technology. This study attempts to examine the impact of major political risk factors in the emerging market economies along with basic economic fundamentals such as institutional variables like per capita electric consumption, trade openness, and real rate of interest. We have followed a static panel data approach in studying the impact of these crucial variables in Foreign Direct Investment (FDI) inflows in 15 major emerging economies for the period 2000–2014. Risk perceptions, i.e., political risk data, have been collected from the International Country Risk Guide (ICRG) provided by the Political Risk Services (PRS) Group. In our research purpose, we have considered dependent variable as FDI inflows for 15 emerging countries during the period 2000–2014, which are drawn from the United Nations Conference on Trade and Development (UNCTAD, 2014, 2015) FDI database. Our results demonstrate that there are six subcomponents of risk perception (political risk) which are statistically significant in explaining variation in FDI inflows of the major emerging countries. The results show that government stability, socioeconomic conditions, religious tension, and bureaucracy quality have a positive impact on FDI inflows of emerging countries, whereas internal conflict and law and order have a negative impact on FDI inflows of these countries. Stable government is more attractive to foreign investors. Again, an improvement in the socioeconomic conditions is positively related with FDI inflows in emerging countries. Decreasing bureaucracy leads to a reduction in corruption, and assists expanding FDI flows in the emerging country.
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Irfan Ali, Vincent Charles, Umar Muhammad Modibbo, Tatiana Gherman and Srikant Gupta
The COVID-19 pandemic has caused significant disruptions to global supply chains (SCs), affecting the production, distribution, and transportation of goods and services. To…
Abstract
Purpose
The COVID-19 pandemic has caused significant disruptions to global supply chains (SCs), affecting the production, distribution, and transportation of goods and services. To mitigate these disruptions, it is essential to identify the barriers that have impeded the seamless operation of SCs. This study identifies these barriers and assesses their impact on supply chain network (SCN).
Design/methodology/approach
To determine the relative importance of different barriers and rank the affected industries, a hybrid approach was employed, combining the best-worst method (BWM) and the technique for order preference by similarity to an ideal solution (TOPSIS). To accommodate the inherent uncertainties associated with the pandemic, a triangular fuzzy TOPSIS was used to represent the linguistic variable ratings provided by decision-makers.
Findings
The study found that the airlines and hospitality industry was the most affected by the barriers, accounting for 46% of the total, followed by the healthcare industry (23%), the manufacturing industry (19%), and finally the consumer and retail industry (17%).
Research limitations/implications
This study is limited to the four critical industries and nine identified barriers. Other industries and barriers may have different weights and rankings. Nevertheless, the findings offer valuable insights for decision-makers in SC management, aiding them in mitigating the impact of COVID-19 on their operations and enhancing their resilience against future disruptions.
Originality/value
This study enhances understanding of COVID-19’s impact on SCN and provides a framework for assessing disruptions using multi-criteria decision-making processes. The hybrid approach of BWM and TOPSIS in a fuzzy environment is unique and offers potential applicability in various evaluation contexts.
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Solomon Nborkan Nakouwo, Daniel Ofori-Sasu and Baah Aye Kusi
This paper aims to examine the effect of natural resources on the national productivity of high and low globalized economies in Africa.
Abstract
Purpose
This paper aims to examine the effect of natural resources on the national productivity of high and low globalized economies in Africa.
Design/methodology/approach
This study uses two-step generalized method of moments dynamic panel data of 30 African economies between 2006 and 2016 to achieve the purpose of the study.
Findings
The results suggest that natural resources promote productivity within African economies regardless of the level of globalization. However, while natural resources have an overall enhancing effect on national productivity in both high and low globalized economies, the enhancing effect varies according to the forms of globalization. The findings of this study suggest that globalization can alter the nexus between natural resources and national productivity in Africa. The results imply that African Governments and their related policymakers can rely on globalization to promote the effect of natural resources on productivity of African economies.
Practical implications
This result is good and welcoming news, especially when natural resources in Africa have been described by prior studies as a curse to the continent. While globalization can be a tool for policymakers in Africa to deploy the positive effect of natural resources on national productivity, they might as well be careful as to which form of globalization they pursue, given that different forms and different levels or extent (high or low) of globalization yields different results on the nexus between natural resources and national productivity.
Originality/value
To the best of the authors’ knowledge, this study is the first of its kind to examine how natural resources affect national productivity in high and low globalized economies, especially in Africa.