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Article
Publication date: 15 June 2010

Amir Shoham, Miki Malul and Mosi Rosenboim

It is very important to understand the current (2007‐2009) economic crisis because it is the most severe since the Second World War and is having a tremendous impact on global and…

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Abstract

Purpose

It is very important to understand the current (2007‐2009) economic crisis because it is the most severe since the Second World War and is having a tremendous impact on global and national economic environments. Therefore, the purpose of this paper is to explain the main factors (savings attributes and cultural factors) that created the crisis and better understand which nations will gain in the post‐crisis era.

Design/methodology/approach

The paper uses descriptive data to explore the global, Chinese and US economic environments prior to the economic crisis. In addition, the paper used an econometric model in order to evaluate the impact of cultural variables on savings behavior.

Findings

The data lead us to one main conclusion: the crisis was created by major changes in global saving rates during the last two decades.

Originality/value

The paper makes two major contributions: first it describes the opportunity that the current international crisis creates for China. The opportunity is an outcome of the high saving rates in China, as compared to the lower saving rates in the western countries. Second it points out the gap in the current academic literature regarding savings, primarily the lack of research on the relationship between savings and culture.

Details

Chinese Management Studies, vol. 4 no. 2
Type: Research Article
ISSN: 1750-614X

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Article
Publication date: 17 July 2009

Miki Malul, Amir Shoham and Mosi Rosenboim

The banking system has a huge impact on a nation's economic environment. A concentrated banking system has a negative impact on the economy. Therefore, the research in this paper…

451

Abstract

Purpose

The banking system has a huge impact on a nation's economic environment. A concentrated banking system has a negative impact on the economy. Therefore, the research in this paper has two main goals: to explore the main factors that impact the level of concentration in the banking system; and to demonstrate how a reform in a banking system can reduce the negative impact of high levels of concentration.

Design/methodology/approach

A sample of 42 nations was used with various levels of concentration in their banking system to examine factors influencing bank concentration. Logit and OLS regressions were conducted to highlight the impact of the independent variables on the level of concentration in those nations. The latest Israeli reforms in the banking system were used to illustrate how reforms reduce concentration.

Findings

The empirical results concluded that economic freedom had a positive impact on the level of concentration. It was also found that cultural variables had an impact on the concentration level. Finally, analyzing the banking sector in Israel, it was found that the reform did decrease the level of concentration of the banking system.

Originality/value

The innovation of this paper is that it adds Hofstede's cultural variables as explanatory variables for the level of concentration in the banking system. It also highlights the role of public regulation for achieving efficiency in the banking sector by using the example of Israeli banking reforms.

Details

EuroMed Journal of Business, vol. 4 no. 2
Type: Research Article
ISSN: 1450-2194

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Article
Publication date: 17 September 2010

Raphael Bar‐El, Miki Malul and Mosi Rosenboim

The purpose of this paper is to identify patterns of development that fit the unique attributes of minorities living in peripheral regions and determine the role of public policy…

477

Abstract

Purpose

The purpose of this paper is to identify patterns of development that fit the unique attributes of minorities living in peripheral regions and determine the role of public policy in stimulating such patterns.

Design/methodology/approach

First, a theoretical model is developed for development measures to be considered for minorities living in a peripheral area, the case of the Bedouins in Israel is analyzed, using secondary data, questionnaires, and focus groups.

Findings

The paper finds that economic development among minorities living in a peripheral region could be achieved through the combination of policies at the local, regional, and national levels: support of local economic activities, development of regional activities, and improvement of access to the labor market at the national level.

Research limitations/implications

The Bedouins in Israel present unique cultural attributes that do not necessarily reflect the situation of other minorities in peripheral areas. Consequently, some of the conclusions of this study may not be relevant to other cases.

Practical implications

Public policy should focus on improving education, professional training, infrastructure development, removing barriers, and launching regional economic projects.

Originality/value

This paper suggests an alternative approach to the prevailing policy of social support to retarded regions and populations: using both theory and empirical analysis, it develops an integrative approach at the local, regional, and national level, that would create conditions for healthy and sustainable economic growth.

Details

Equality, Diversity and Inclusion: An International Journal, vol. 29 no. 7
Type: Research Article
ISSN: 2040-7149

Keywords

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Article
Publication date: 15 June 2010

Check Teck Foo

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Abstract

Details

Chinese Management Studies, vol. 4 no. 2
Type: Research Article
ISSN: 1750-614X

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