Is Giffen behaviour compatible with residential demand for cooking gas and kerosene?

2019 ◽  
Vol 13 (1) ◽  
pp. 45-59
Author(s):  
Damilola Felix Arawomo
Keyword(s):  
Instrumental Variables ◽  
Design Methodology ◽  
Tertiary Education ◽  
Least Square ◽  
Content Type ◽  
Ordinary Least Square ◽  
Education Demand ◽  
Ondo State ◽  
Residential Demand ◽  
Practical Implications

Purpose This paper aims to examine the compatibility of Giffen behaviour with residential demand for kerosene and cooking gas. Design/methodology/approach In total, 600 questionnaires were administered on selected households in Ondo State while 485 were retrieved. Both ordinary least square and instrumental variables (IVs) were estimated, while, the IV estimated result was preferred. Findings The result showed that Giffen behaviour is compatible with the demand for kerosene in Ondo State, but not for cooking gas. As regard to other factors, prices of the alternatives to kerosene and cooking gas have positive but insignificant impact on the demand for the respective products. Age of the household has a positive significant impact on the demand for kerosene and cooking gas. Household in which the heads has tertiary education demand for kerosene and cooking gas more than those without any form of education. Larger households consume more of both commodities than smaller households. Research limitations/implications Based on these findings, the authors recommend that government should continue to subsidize either the production or consumption of household kerosene. Practical implications Consumers should not mind the initial expenditure in purchasing cylinder for cooking gas as subsequent expenditure would be lower than that of kerosene. Social implications Regulators should brace to ensure that kerosene and cooking gas be made available at government-regulated prices, particularly by checkmating the activities of the “black-marketers.” Originality/value Two outstanding knowledge gaps that this paper filled are in the novelty of this paper regarding the application of Giffen behaviour to kerosene and cooking gas. Second, previous studies did not account for the potential endogeneity problem that is inherent in the joint demand for kerosene and cooking gas. This paper took care of this by estimating the model using IVs.

Estimating the price of apartments in Tehran using extracted compound variables

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Javad Koohpayma ◽  
Meysam Argany
Keyword(s):  
Design Methodology ◽  
House Price ◽  
Housing Price ◽  
Least Square ◽  
Hedonic Method ◽  
Content Type ◽  
Ordinary Least Square ◽  
Different Types ◽  
High Inflation ◽  
Practical Implications

Purpose Housing price is a barometer of a national economy. In recent years, Iran experienced high inflation in its economy, which affects everything, including housing. The purpose of this study is the estimation of the value of residential apartments of Tehran using ordinary least square (OLS) and geographically weighted regression (GWR) methods. Design/methodology/approach This paper proposed a method for determining the compound variables and used them to estimate and evaluate the prices in the district six of Tehran city. Also, this paper compared the GWR and OLS methods with different types of factors and their influences in house price estimations. Findings During the high inflation period of the study period, the age of buildings, inflation, parking, storage room and their locations are the most critical factors that affect the price of apartments in district six of Tehran. Besides, compound variables have the most influence on the prediction of the prices. Research limitations/implications The exact location of the apartments in the study area were unknown. Therefore, the positions are extracted from their addresses. The uncertainty of location forced us to ignore the neighborhood terms in the hedonic method. Practical implications The exact locations of the apartments in the study area were unknown. Therefore, the positions are extracted from their addresses. The uncertainty of location forced us to ignore the neighborhood terms in the hedonic method. Originality/value The originality of the proposed method is that it used a different approach to determine the valid variables of the apartment prices. Also, the evaluation of the method showed that the proposed variables are significantly useful.

Contractual arrangements and commitment in the Indonesian supermarket channel

2014 ◽  
Vol 116 (5) ◽  
pp. 765-779 ◽  
Author(s):  
Sahara Sahara ◽  
Amos Gyau
Keyword(s):  
Design Methodology ◽  
Least Square ◽  
Content Type ◽  
Ordinary Least Square ◽  
Building Trust ◽  
Contractual Arrangements ◽  
Contractual Relationships ◽  
Production Area ◽  
Actual Price ◽  
Practical Implications

Purpose – The aim of this paper is to examine the nature of contractual relationships between farmers and buyers in the traditional and supermarket channels, and to explore determinants of farmers' commitment in the two channels. Design/methodology/approach – The paper reports the results of a field study of 602 chili farmers in the largest chilli production area in Indonesia, West Java Province. The contractual arrangements were analyzed using descriptive statistics, while determinants of farmers' commitment were examined using factor analysis and Ordinary Least square (OLS) regression. Findings – The contractual arrangements between farmers and traders in both traditional and supermarket channels are characterized by verbal agreements. Price is the main aspect of the contract in the traditional channel, while grading aspects are the most important aspects in the supermarket channel. Trust and satisfaction have significant influence on farmers' commitment in the two channels, while the actual price has no influence. Practical implications – To improve farmers' commitment, traders should not only focus on absolute price, but also on building trust and satisfaction. Trust can be improved by providing payments on time and following through with their promises. Satisfaction can be improved by offering fair prices for farmers' products and providing quicker responses in handling farmers' concerns. Originality/value – This study compares the trade relationships between traditional and supermarket channels. It incorporates actual price and behaviour variables in the analysis of farmers' commitment.

Users’ perception of cybersecurity, trust and cloud computing providers’ performance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hongjiang Xu ◽  
Sakthi Mahenthiran
Keyword(s):  
Cloud Computing ◽  
Structural Equation ◽  
Design Methodology ◽  
Positive Relationship ◽  
Least Square ◽  
Equation Modeling ◽  
Content Type ◽  
Ordinary Least Square ◽  
Ordinary Least Square Regression ◽  
Computing Literature

Purpose This study aims to develop a scale to measure the cloud provider’s performance and it investigates the factors that impact that performance from the users’ perspective. Design/methodology/approach This paper proposes a research framework, develops hypotheses and conducts a survey to test the framework. Findings The results from both ordinary least square regression and structural equation modeling analyzes indicate that information technology complexity negatively and significantly affects users’ perception of the cloud computing providers’ performance. Additionally, the trust in the supervisor significantly enhances the otherwise insignificant positive relationship between providers’ cybersecurity capability and users’ perception of their providers’ performance. Originality/value The research makes important contributions to the cloud computing literature, as it measures users’ perception of the cloud computing provider’s performance and links it with cybersecurity, technical complexity and incorporates both the trust in the client firm’s supervisor and the strength of cybersecurity offered by cloud computing provider.

Influence of remittances oncapital endowment of Tibetan refugees in India

2019 ◽  
Vol 18 (3) ◽  
pp. 290-309
Author(s):  
Tenzin Namgha ◽  
Ganesh L. ◽  
Amalendu Jyotishi
Keyword(s):  
Social Capital ◽  
Design Methodology ◽  
Least Square Method ◽  
Least Square ◽  
Living Standard ◽  
Content Type ◽  
Ordinary Least Square ◽  
Left Behind ◽  
Tibetan Refugees ◽  
Capital Development

PurposeAn issue concerning Tibetan refugees in India is the poverty and unemployment among Tibetan youth. This often leads to households adopting a strategy of sending one of its members abroad towards North American or European countries in search of better income opportunities. Incomes in the form of remittances from these forward migrants have numerous impacts on living standard of left behind families. This study aims to focus on the influence of forward migrant’s remittances on livelihood in terms of human, financial and social capital development of Tibetan refugees in India.Design/methodology/approachThe paper includes 400 households from high-economic and low-economic-access regions of Tibetan settlements in India. Ordinary least square method was used to study these impacts.FindingsFindings show that remittances have significantly influenced human and financial capital development. However, it was found to be statistically not significant for social capital development.Originality/valueThe present paper is original work.

An analysis of sustainability report assurance statements

2017 ◽  
Vol 32 (6) ◽  
pp. 578-602 ◽  
Author(s):  
Adriana Rossi ◽  
Lara Tarquinio
Keyword(s):  
Design Methodology ◽  
Least Square ◽  
Legitimacy Theory ◽  
Content Type ◽  
Ordinary Least Square ◽  
Assurance Services ◽  
Higher Rank ◽  
Corporate Social ◽  
Sustainability Report ◽  
Theory Framework

Purpose This paper aims to achieve the following objectives. First, through a longitudinal study, the authors explore the trend of voluntary external assurance of sustainability reports among Italian listed companies from 2008 to 2012. Thus, the authors aim to analyse the content level of the assurance statements and to test whether it is affected by certain corporate variables and by the type of practitioner chosen. Design/methodology/approach A legitimacy theory framework is adopted to investigate the phenomenon of sustainability report assurance services in Italy. The authors developed an assurance statement disclosure index (ASDI) constructed on the basis of the standards ISAE 3000 and AA1000AS. Thus, the authors tested whether the ASDI is affected by certain corporate variables using an ordinary least square (OLS) regression model. To test how each specific item is related to the assurance provider, a contingency table was developed. Findings The results of this paper show many differences in the assurance statements content in particular with reference to the criteria used, conclusive comments and recommendations. The presence of a corporate social responsibility committee and an expert who serves on it is positively related to a higher rank on the ASDI. In contrast, Big4 firms seem to be associated with a lower disclosure rank. Finally, Big4 are positively associated with the indications of the provider’s characteristics and negatively with their conclusive comments and recommendations. Originality/value This paper presents some findings in an area where little evidence exists, that is, the effects of some variables on the quantity of information disclosed in the assurance statements.

What drives the boom in outward FDI from India?

2020 ◽  
Vol 15 (5) ◽  
pp. 899-922 ◽  
Author(s):  
Munmi Saikia ◽  
Khanindra Ch. Das ◽  
Saundarjya Borbora
Keyword(s):  
Prior Knowledge ◽  
Design Methodology ◽  
Probit Model ◽  
Least Square ◽  
Stage Model ◽  
Outward Fdi ◽  
Two Stage ◽  
Content Type ◽  
Ordinary Least Square ◽  
Stage Process

PurposeThe Indian economy has experienced a boom in outward FDI (OFDI) in 2006. The study aims at exploring the factors that drive the boom in OFDI of Indian firms.Design/methodology/approachThe participation of a firm in OFDI is a two-stage process -first, the decision to internationalization and second, how much to invest. We employ a two-stage model to decompose the effects on the decision to internationalization from effects on how much to invest. The two-stage model has the advantage of allowing us to estimate separately the probability of internationalization by a firm – Pr(OFDI > 0) – and the expected volume of investment, E(OFDI|OFDI > 0). The former is estimated by the probit model and the latter is estimated by the ordinary least square model.FindingsThe study finds that prior experience and institutional advantage can strongly drive the internationalization of Indian multinationals. The study also examines the relative importance of two aspects of prior knowledge – length of prior knowledge and depth of prior knowledge on OFDI of Indian firms. The study finds that the depth of prior knowledge is a must influential driver of OFDI in comparison to its length.Originality/valueThe present study is a novel attempt to investigate, ‘What drives the boom in OFDI from India?’

Understanding the determinants of festival attendee spending: the role of cultural capital

2020 ◽  
Vol 11 (2) ◽  
pp. 145-159 ◽  
Author(s):  
Andrea Báez-Montenegro ◽  
María Devesa
Keyword(s):  
Cultural Capital ◽  
Regression Models ◽  
Least Square ◽  
Tobit Regression ◽  
Content Type ◽  
Ordinary Least Square ◽  
The City ◽  
Practical Implications

PurposeThe purpose of this paper is to explore which factors determine visitor spending at a cultural festival, focusing particularly on cultural capital variables.Design/methodology/approachThe case study is the Valdivia International Film Festival. Data from a survey conducted amongst a representative sample of attendees at the festival is used and ordinary least square (OLS) and Tobit regression models are applied.FindingsSix of the variables included from the model prove statistically significant: gender, age, place of residence, participation in other activities at the festival, and “leisure and sharing” motivation.Practical implicationsFestival organisers should draw up a programme and prepare activities that are balanced so as to attract local film lovers, but that should also appeal to outside visitors, who would see the festival as an opportunity to enjoy a wider tourist experience, all of which would have a broader economic impact on the city.Originality/valueUnderstanding which factors determine spending leads to an improvement in the event's viability and ensures its future sustainability. This study adds to the growing literature establishing a sound theoretical corpus on the topic.

Interaction among funding liquidity, liquidity creation and stock liquidity of banks

2016 ◽  
Vol 24 (4) ◽  
pp. 430-452 ◽  
Author(s):  
Muhammad Umar ◽  
Gang Sun
Keyword(s):  
Design Methodology ◽  
Least Square ◽  
Least Square Estimation ◽  
Stock Liquidity ◽  
Content Type ◽  
Funding Liquidity ◽  
Brics Countries ◽  
Recent Financial Crisis ◽  
The Relationship ◽  
Practical Implications

Purpose This study aims to explore the relationship between three different kinds of bank liquidity: funding liquidity; liquidity creation; and stock liquidity. Design/methodology/approach It used the data from listed banks of BRICS countries spanning the period 2007-2014. Simultaneous equations model and three-stage least square estimation were used for analysis. Findings First of all, increase in liquidity creation is linked to decline in funding liquidity, but variation in funding liquidity does not describe changes in liquidity creation. Second, higher stock illiquidity is associated with greater liquidity creation, but liquidity creation does not determine variation in stock liquidity. Lastly, there is no direct relationship between funding liquidity and stock liquidity; however, stock liquidity indirectly affects funding liquidity through liquidity creation. Practical implications The findings highlight the fact that capital is not the only determinant of liquidity creation, rather stock liquidity is an equally important determinant in the case of listed banks of BRICS countries. This fact has been highlighted by the recent financial crisis. Furthermore, funding liquidity depends on liquidity creation which depends on stock liquidity. However, the stock liquidity of banks neither depends on liquidity creation nor funding liquidity. Originality/value To the best of the authors’ knowledge, this study is the first one to provide the empirical evidence for the relationship between three different kinds of bank liquidity.

The Islamic theory of consumer behaviour for ijarah home financing

2019 ◽  
Vol 13 (4) ◽  
pp. 672-693 ◽  
Author(s):  
Hanudin Amin
Keyword(s):  
Design Methodology ◽  
Consumer Behaviour ◽  
Partial Least Square ◽  
Least Square ◽  
Content Type ◽  
Future Studies ◽  
Practice Gap ◽  
Theory Practice Gap ◽  
Practical Implications

Purpose This study aims to examine the factors that determine consumer behaviour of ijarah home financing using the Islamic theory of consumer behaviour (ITCB). In particular, the specific contract used is al-ijarah muntahia biltamleek. Subsequently, the term al-ijarah muntahia biltamleek home financing is used throughout the paper. Design/methodology/approach Drawing upon the ITCB, the present study examines patronage factors for al-ijarah muntahia biltamleek home financing. This study’s data were drawn from valid 409 usable questionnaires. Findings Partial least square results suggest that the role of iman, Islamic mortgage support and maqasid consumer index are significantly related to consumer behaviour. In turn, consumer behaviour is instrumental in determining religious satisfaction. Research limitations/implications Two limitations were observed that provide direction for future studies. Firstly, the current study is only tested in one particular Islamic home financing product that may explain why the generalisation is an issue. Secondly, the theory is still in its infancy stage, which, of course leads to some criticisms pertinent to its parsimony and applicability to other settings. Despite these limitations, however, this study aims to suggest a so-called Islamic model of factors that can explain consumer behaviour of a particular Islamic home financing product. In particular, scrutinising the product acceptance from the context of the ITCB can open a new debate in this area. Practical implications This study indeed reduces the theory–practice gap by suggesting new indicators that are workable to improve consumers’ positive perception of Islamic home financing. Given the results obtained, the ITCB provides a better prediction for consumer behaviour of al-ijarah muntahia biltamleek home financing. Originality/value This study expands the applicability of the ITCB to include al-ijarah muntahia biltamleek home financing.

scholarly journals Africa's statistical tragedy: best statistics, best government effectiveness

2014 ◽  
Vol 13 (2) ◽  
pp. 171-178 ◽  
Author(s):  
Oasis Kodila-Tedika
Keyword(s):  
Instrumental Variable ◽  
Least Square ◽  
African Countries ◽  
Cross Sectional ◽  
Content Type ◽  
Government Effectiveness ◽  
Ordinary Least Square ◽  
Effective Governance ◽  
Low Levels ◽  
Practical Implications

Purpose – The author aims to analyze the effect of statistical capacity on government effectiveness/efficiency using cross-sectional from a sample of 48 African countries for the period 2003-2008. Design/methodology/approach – The estimation technique used is a two-stage least squares instrumental variable methodology and ordinary least square. Findings – The results show that statistical capacity positively affects government effectiveness/efficiency. It follows that countries with higher statistical capacity levels enjoy institutions of better quality than countries with low levels of statistical capacity. Practical implications – As a policy implication, if Africa does not have effective governments, it is partly because it has a very weak statistical capacity. In such an environment, access to information for effective governance is compromised. Originality/value – This paper contributes to existing literature on the determinants of institution by focusing on the distribution of the dependent variable (government effectiveness). The author stressed the importance of information and statistics capabilities.

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