scholarly journals Producer Services Openness and the Development of Servitization: The Perspective of Two-Way Openness

2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Wei Chen ◽  
Yinzhong Chen ◽  
Yifei Hao ◽  
Sili Chen
Keyword(s):  
Service Sector ◽  
Positive Impact ◽  
Robustness Analysis ◽  
Policy Implications ◽  
Estimation Methods ◽  
Producer Services ◽  
Producer Service ◽  
Import Trade ◽  
The Impact ◽  
Factor Intensities

This paper brings producer services “bringing in” and “going out” into the same analytical framework and explains the influence mechanism of producer services opening on the development of servitization from three aspects of import trade, FDI, and OFDI. On this basis, using the latest input-output data of WIOD, this paper constructs some indicators to measure the openness of producer services such as import trade penetration, FDI penetration, and OFDI penetration and then empirically tests the impact of producer services openness on the development of servitization in China. The results show that the openness of producer services has a significant positive impact on the development of China’s servitization. In addition, the robustness analysis based on variable substitution and different estimation methods shows that the conclusions are robust. The heterogeneity test shows that the impact of producer services openness on servitization has heterogeneity. The specific performance is as follows: there is different impact of producer service sector openness on the development of servitization; the impact of producer service openness on the development of servitization with different factor intensities is also different; and there is also different impact of producer service sector openness on the development of servitization with different factor intensities. The policy implications of these research conclusions are as follows: firstly, taking co-construction of the “Belt and Road” as a chance to promote the new open pattern; secondly, focusing on expanding the openness of high-end producer services; and thirdly, taking innovation driven development as the guide to increase R&D investment of producer services.

scholarly journals The Impact of the Opening of Producer Services on the International Competitiveness of Manufacturing Industry

2021 ◽  
Vol 13 (20) ◽  
pp. 11224
Author(s):  
Cuiping Yu ◽  
Decai Tang ◽  
Acheampong Paul Tenkorang ◽  
Brandon J. Bethel
Keyword(s):  
Manufacturing Industry ◽  
Service Industry ◽  
Negative Impact ◽  
Positive Impact ◽  
International Competitiveness ◽  
Developed Countries ◽  
Producer Services ◽  
Producer Service ◽  
Export Competitiveness ◽  
The Impact

Countries participating in the international division of labor each try to occupy the industrial highlands, obtain competitive advantages, and promote sustainability of economic development. Based on Porter’s Diamond model, it is widely believed that producer services are vital to support the manufacturing industry. Consequently, this paper selects samples of 55 countries and uses data from 2010 to 2017 to empirically test the impact of producer service’s opening on the export competitiveness of the manufacturing industry. The results show that the opening of producer services in a country promotes the improvement of international competitiveness of manufacturing industry, and the improvement effect is more significant in developed countries than in developing countries. Additionally, the negative impact of foreign capital access restrictions on the export competitiveness of the manufacturing industry is greater than the positive impact of service trade opening. It is also found that the restrictions on foreign capital’s opening in the financial sector have the biggest negative impact on manufacturing exports than that of other divisions of the producer service industry. To improve national competitiveness, it is suggested that the integration of service and manufacturing industries should be enhanced and to decrease FDI access to financial and transportation services restrictions.

scholarly journals Industrial linkage effects of RCEP economies’ imports of producer services on manufacturing advantages

PLoS ONE ◽  
2021 ◽  
Vol 16 (7) ◽  
pp. e0253823
Author(s):  
Ying Qiu ◽  
Yushuang Gong
Keyword(s):  
Positive Impact ◽  
Hierarchical Linear Model ◽  
Value Added ◽  
Producer Services ◽  
Developed Economies ◽  
Producer Service ◽  
Transmission Mechanisms ◽  
Downstream Effects ◽  
The World ◽  
The Impact

This study examines the industrial transmission mechanisms between producer services imports and manufacturing advantages in RCEP economies. Based on the framework of GVCs’decomposition, we establish a hierarchical linear model (HLM) withthe data from 2007 to 2017 in the ADB MIRO, WTO BaTiS and WITS databases to analyze the impact of producer services imports in RCEP economies on the value-added domestic exports of manufacturing in countries around the world, and the conclusions are as follows: (1) Producer service imports have a significant positive impact on the domestic value-added of manufacturing exports through direct effects, upstream effects and downstream effects. The downstream effect is the main driving force for the improvement of manufacturing. After using instrumental variables to resolve endogeneity, the conclusion remains stable; (2) The downstream effect of insurance imports is the largest among producer services imports. After the outbreak of the world financial crisis, the transmission effect of the industry chain was higher in 2008 than before the crisis. (3) Due to the high degree of specialization of industrial division in developed economies, the transfer effect of the three major industrial chains is greater than that of developing countries and regions.

The Impact of the Business Environment on the Formalization of Informal Firms. The Case of Kosovo

Südosteuropa ◽  
2020 ◽  
Vol 68 (4) ◽  
pp. 505-529
Author(s):  
Kujtim Zylfijaj ◽  
Dimitar Nikoloski ◽  
Nadine Tournois
Keyword(s):  
Negative Impact ◽  
Positive Impact ◽  
Business Environment ◽  
Positive Influence ◽  
Policy Implications ◽  
Tax Reforms ◽  
Firm Level ◽  
Characteristics Analysis ◽  
Significant Negative Impact ◽  
The Impact

AbstractThe research presented here investigates the impact of the business environment on the formalization of informal firms, using firm-level data for 243 informal firms in Kosovo. The findings indicate that business-environment variables such as limited access to financing, the cost of financing, the unavailability of subsidies, tax rates, and corruption have a significant negative impact on the formalization of informal firms. In addition, firm-level characteristics analysis suggests that the age of the firm also exercises a significant negative impact, whereas sales volume exerts a significant positive impact on the formalization of informal firms. These findings have important policy implications and suggest that the abolition of barriers preventing access to financing, as well as tax reforms and a consistent struggle against corruption may have a positive influence on the formalization of informal firms. On the other hand, firm owners should consider formalization to be a means to help them have greater opportunities for survival and growth.

scholarly journals Impact of Transformational Leadership on the Affective Commitment of Employees in the Service Sector

2019 ◽  
Vol 8 (4) ◽  
pp. 1388-1393
Keyword(s):  
Transformational Leadership ◽  
Service Sector ◽  
Affective Commitment ◽  
Positive Impact ◽  
Multifactor Leadership Questionnaire ◽  
Intellectual Stimulation ◽  
Four Dimensions ◽  
Multifactor Leadership ◽  
The Impact ◽  
The Relationship

Purpose – There are few studies that have studied the relationship between Transformational leadership (TL) and organisation commitment (OC), but there are very few studies on the service sector especially in the Indian context. This study aims to fill the gap in literature by empirically examining the impact of four dimensions of TL using Multifactor Leadership Questionnaire (MLQ) on the Affective Commitment (AC) of the employees, within the context of the service sector in Bengaluru. Design/methodology/approach – A total of two hypotheses were proposed for testing transformational leadership using Multifactor Leadership Questionnaire (MLQ) questionnaire, (Bass and Avolio, 1997) and five items of affective organization commitment developed by Allen and Meyer (1996) was used for affective commitment. The questionnaire was administered to 210 employees working in various industries in the service sector in Bengaluru to measure the impact of TL on the AC of the respondents. Findings – The analysis of the data collected shows that TL has a positive impact on the affective commitment of the employees. In particular, the results of an empirical investigation revealed that individualized influence and individual consideration by the transformational leader had a significant impact on the affective commitment level of the employees. The employees in the hospitality industry had a difference in opinion compared to IT, Banking & education sector employees on the intellectual stimulation by the leader and their affective commitment towards the organization. Originality/value – This paper contributes to the existing literature of leadership and OC by providing practical evidence leading to the improvement of information and the understanding of the relationship between TL and AC.

scholarly journals Re-examining the Impact of ACFTA on ASEAN's Exports of Manufactured Goods to China

2014 ◽  
Vol 13 (3) ◽  
pp. 63-82 ◽  
Author(s):  
Tham Siew Yean ◽  
Andrew Kam Jia Yi
Keyword(s):  
Positive Impact ◽  
Large Body ◽  
Trade Agreement ◽  
Estimation Methods ◽  
Utilization Rate ◽  
Production Networks ◽  
Regional Trade ◽  
Firm Level ◽  
Manufactured Goods ◽  
The Impact

There is a relatively large body of literature examining ASEAN–China relations, including assessments of the impact of the ASEAN–China Free Trade Agreement (ACFTA) on ASEAN's welfare and its trade with China. Overall, the results of these studies indicate a positive impact of ACFTA on the region's exports to China. These results differ from firm-level surveys that indicate a low utilization rate of most regional trade agreement tariff concessions, including those provided by ACFTA. Moreover, trade in manufactured goods in the region has been characterized as market-led, and governed by multinationals (MNCs) and their regional production networks. Thus, MNC decisions are the driving force influencing changes in manufactured parts and components trade in the region. This trade is also fostered by duty-free imports in the export enclaves provided by the host economies for these MNCs. In view of the conflicting empirical evidence on the trade effects of regional trade agreements, the objective of this study is to re-assess the impact of ACFTA on ASEAN's manufactured exports to China. In performing this analysis, we separately evaluate the effects of trade in parts and components (P&C) and non–parts and components (non P&C) or final manufactured goods. When we apply gravity estimation methods to individual regressions for these two forms of trade, we find that the determinants of trade are indeed different for the two sectors, and that the implementation of ACFTA had different effects on P&C versus final goods ASEAN exports to China.

scholarly journals The Impact of the Comprehensive Rural Village Development Program on Rural Sustainability in Korea

2018 ◽  
Vol 10 (7) ◽  
pp. 2436 ◽  
Author(s):  
Jaehee Hwang ◽  
Jonghoon Park ◽  
Seongwoo Lee
Keyword(s):  
Rural Areas ◽  
Central Government ◽  
Positive Impact ◽  
Evaluation Studies ◽  
Development Program ◽  
Policy Implications ◽  
Rural Village ◽  
Rural Sustainability ◽  
Ex Post ◽  
The Impact

An imperative challenge emerges from the demand to apply the scientific method in the assessment of recent agricultural and rural policies throughout the world. The objective of the present study was to conduct an ex-post quantitative evaluation of the Comprehensive Rural Village Development Program (CRVDP), a representative rural development policy operated by the Ministry of Agriculture, Food and Rural Affairs, a central government agency in South Korea. The primary purpose of this program is to ensure sustainable rural society. This study found a moderate but significant positive impact of the policy in enhancing the standard of living in rural areas. The present paper concludes with suggesting some policy implications, limitations and future directions of policy evaluation studies.

Sustainability and competitive advantage from a developing economy

2016 ◽  
Vol 7 (1) ◽  
pp. 110-125 ◽  
Author(s):  
Amoako Kwarteng ◽  
Samuel Ato Dadzie ◽  
Samuel Famiyeh
Keyword(s):  
Competitive Advantage ◽  
Corporate Performance ◽  
Positive Impact ◽  
Manufacturing Firms ◽  
Corporate Image ◽  
Partial Least Square ◽  
Policy Implications ◽  
Bottom Line ◽  
Content Type ◽  
The Impact

Purpose The purpose of this study is to empirically examine the impact of sustainability as measured by the triple bottom line constructs on the competitive advantage of manufacturing firms in Ghana. Design/methodology/approach To understand the impact of sustainability on competitive advantage, a survey was conducted where managers were asked about their engagement in the sustainability issues and how it affects their competitive advantage. The study uses the structural equation modelling (SEM) and, in particular, the partial least square (PLS) approaches to SEM. Findings The results of this study indicate that economic and social have a positive impact on the corporate image but not the environment. In addition, corporate image and social have positive impact on corporate performance, whilst economic and environment seem not to have any impact on corporate performance. Research limitations/implications The study is limited to only manufacturing firms operating in the Ghanaian environment. It is important, therefore, for firms in Ghana to invest in social sustainability initiatives, as it will ultimately affect their bottom line performance. This study provides policy implications to Ghana and other developing countries to implement the necessary policies and provide incentives to improve environmental awareness. Originality/value There have been just a few studies that tried to find out the impact of sustainability constructs and performance and how corporate image mediates this relationship.

scholarly journals An Attempt to Assess the Quantitative Impact of Institutions on Economic Growth and Economic Development

2014 ◽  
Vol 38 (1) ◽  
pp. 7-30
Author(s):  
Mariusz Próchniak
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Empirical Analysis ◽  
Economic Freedom ◽  
Institutional Environment ◽  
Positive Impact ◽  
Policy Implications ◽  
Regression Equations ◽  
Solow Model ◽  
The Impact

Abstract This study aims at assessing to what extent institutional environment is responsible for worldwide differences in economic growth and economic development. To answer this question, we use an innovative approach based on a new concept of the institutions-augmented Solow model which is then estimated empirically using regression equations. The analysis covers 180 countries during the 1993-2012 period. The empirical analysis confirms a large positive impact of the quality of institutional environment on the level of economic development. The positive link has been evidenced for all five institutional indicators: two indices of economic freedom (Heritage Foundation and Fraser Institute), the governance indicator (World Bank), the democracy index (Freedom House), and the EBRD transition indicator for post-socialist countries. Differences in physical capital, human capital, and institutional environment explain about 70-75% of the worldwide differences in economic development. The institutions-augmented Solow model, however, performs slightly poorer in explaining differences in the rates of economic growth: only one institutional variable (index of economic freedom) has a statistically significant impact on economic growth. In terms of originality, this paper extends the theoretical analysis of the Solow model by including institutions, on the one hand, and shows a comprehensive empirical analysis of the impact of various institutional indicators on both the level of development and the pace of economic growth, on the other. The results bring important policy implications.

scholarly journals Unveiling the Nexus between Access to Electricity, Firm Size and SME’s Performance in Bangladesh: New Evidence Using PSM

Energies ◽  
2021 ◽  
Vol 14 (20) ◽  
pp. 6493
Author(s):  
Mohammad Abir Shahid Chowdhury ◽  
Shuai Chuanmin ◽  
Marcela Sokolová ◽  
ABM Munibur Rahman ◽  
Ahsan Akbar ◽  
...  
Keyword(s):  
Firm Performance ◽  
Labor Productivity ◽  
Firm Size ◽  
Developing Economies ◽  
Positive Impact ◽  
Negative Relationship ◽  
Policy Implications ◽  
Renewable Energy Resources ◽  
Electricity Access ◽  
The Impact

Uninterrupted availability of energy and power resources is essential for the productivity and smooth functioning of an enterprise. However, constrained by financial resources, smaller firms in developing economies face a plethora of challenges concerning the access to electricity. However, less attention has been paid in the extant literature to explore this phenomenon. The present study investigates the impact of access to electricity on labor productivity in Bangladesh in the presence of electricity constraints, electricity obstacles, and SME firm size. It employs the OLS regression and propensity score matching (PSM) technique for treatment effect to deal with the selection bias and endogeneity issue using the World Bank Enterprise Survey’s cross-sectional firm-level data for 3196 sample firms over the period of 2007–2013. The results provide evidence in support of SMEs’ labor productivity in response to electricity access. Lack of electricity access was partially found to affect SMEs’ labor productivity significantly negatively. Further, the results show a positive impact of firm size on firm performance. However, results from this model appear that constrained SMEs’ access to electricity has a negative relationship with firm performance. The article then suggests several policy implications on changing government regulations regarding the efficient use of renewable energy resources to enhance electricity generation for optimized SME performance and sustainable economic development in Bangladesh.

scholarly journals Human Resource Practices, Job Satisfaction and Perceived Discrimination(s) at the Workplace

2020 ◽  
Vol 13 (9) ◽  
pp. 63
Author(s):  
Tullia Russo ◽  
Tindara Addabbo ◽  
Ylenia Curzi ◽  
Barbara Pistoresi
Keyword(s):  
Job Satisfaction ◽  
Negative Impact ◽  
Positive Impact ◽  
Work Group ◽  
Human Resources Management ◽  
Policy Implications ◽  
Hrm Practices ◽  
Selection Of Variables ◽  
European Working ◽  
The Impact

This research contributes to the debate in the human resources management (HRM) literature by examining the impact of some HRM practices on workers’ overall job satisfaction and the determinants of workers’ perception of discrimination. The novelty of our study consists in the deepening of the relation between HRM practices and the employees’ perception of discrimination in workplace: a largely unexplored topic, until now. Our aim is to add value to existing literature by assessing the synergy effect between perception of discrimination and HRM practices on workers’ job satisfaction, performing a probit regression analysis of a selection of variables drawn from the sixth wave of European Working Condition Survey data, collected in 2015. We also provide a comparison of different types of discrimination, examining the moderating effect of the perception of discrimination on the relationship between HRM practices and employees’ job satisfaction, assuming that the strength of the above relation is weaker for discriminated workers. Our findings highlight that HRM practices we analysed (except for autonomy of the work-group and job-intensity) have a positive impact on workers’ satisfaction and reduce the perception of discrimination. Moreover, we find that the perception of every kind of discrimination have a negative impact on workers’ job satisfaction. Our results also suggest that the perception of discrimination has a moderator role in the relation between HRM practices and job satisfaction. Policy implications are finally discussed.

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