Inspiring Best Business Practices

2015 ◽  
Vol 3 (3) ◽  
pp. 1
Author(s):  
Basil Mustafa
Keyword(s):  
Purchasing Power Parity ◽  
Business Practices ◽  
Power Parity ◽  
Economic Stability ◽  
Continuous Growth ◽  
Goods And Services ◽  
The People ◽  
Innovative Products ◽  
The Uk ◽  
Best Business Practices

The people of Turkey ought to be congratulated for their hard work in achieving a sustained record of economic stability with growth over the last decade or more. Unemployment rate, particularly given the continuous growth of workforce, and inflation, remain the significant challenges. Nevertheless, Turkey maintained its Gross Domestic Product (purchasing power parity) share of the world’s total and improved its GDP’s percentage on exports of goods and services. Turkey’s exports to the UK have been growing steadily from about $2billion in 2001 to about $8billion in 2010 with the exception of 2009. Turkish industries in various sectors have been producing quality goods. In view of the growing popularity of the oriental drink Turkish “coffee” and that of coffee houses in England, one of the most innovative products of Turkey is the coffeemaker.  

scholarly journals The US Role in the World Manufacturing and Trade as a Global Issue

2018 ◽  
Vol 11 (2) ◽  
pp. 100-112
Author(s):  
V. G. VARNAVSKIY
Keyword(s):  
United States ◽  
Purchasing Power Parity ◽  
World Economy ◽  
The United States ◽  
High Tech ◽  
Power Parity ◽  
Instrument Making ◽  
Goods And Services ◽  
The World ◽  
The Usa

The article considers the USA role and place in the global  manufacturing and trade. Key aspects of the world economy  transformation in the context of globalization, internationalization  and liberalization are studied. As shows, USA and China are the two  largest economies in the world. United States is the world’s largest  economy by nominal GDP and second largest by purchasing power  parity (PPP). It holds a 15.4 percent share of global GDP in PPP  (2016). China is the world’s largest economy by PPP, accounting for  17.8 percent of global GDP. The USA share of world GDP declined by  a total of 3.8 percentage points between 2006 and 2016. At the  same time, the United States possesses great economic strength. It  is also the world leader in innovation. China’s success has mostly  been in lowerend innovation. This country has been less successful in  higher-end innovation, where USA currently maintain a lead. The  United States holds a leading position in aerospace, instrument  making, cloud computing, ICT, robotics-related technologies, nanomaterials, biopharmaceutical and other high-tech  industries and China significantly lags behind. Special attention is paid to the U.S. foreign trade. It is shown that the USA is one of  the world’s largest importer and exporter of goods and services. It  accounts for 10.5 percent of global goods and services exports in  2016 (second place after China) and 13.3 percent of global imports  (first place). Despite the world’s second place after China in some economic indexes such as gross domestic product (at PPP),   size of manufacturingand merchandise trade, USA ranks first in the  world in terms of quality indicators of economic development. It  remains the most powerful economy in the world. The author’s  conclusion is that, the loss of US world leadership in terms of output  indicators has not yet become a global problem for other countries  and world economy in the whole.

scholarly journals COVID-19: An Overview of Economic Waves on Indian Economy

2020 ◽  
Vol 8 (3) ◽  
pp. 114-119 ◽  
Author(s):  
S Jaya Selvi
Keyword(s):  
Emerging Economies ◽  
Purchasing Power Parity ◽  
Sharp Increase ◽  
Power Parity ◽  
Indian Government ◽  
Output Loss ◽  
The People ◽  
The World ◽  
Indirect Impacts ◽  
Novel Coronavirus

 A worldwide pandemic that has a powerful disruptive in the world is the COVID-19 outbreak. It brought significant volatility and chaos, which are affecting investors’ confidence in Indian markets and the world. India is one of the emerging economies that hold the position of the fifth-largest economy by nominal GDP and third-largest by purchasing power parity (PPP), which has the second-largest population country in which the population size of about 1.3 billion after China in the world. COVID-19 emerged from China and started to spread all other countries rapidly and create a great impact on world countries. Most of the people lost their lives, resources, jobs, etc. As the whole countries in the world are struggling, the whole economy standstill, and it’s very difficult to overcome from the recession. The Indian government took a rapid decision to prevent the disaster novel Coronavirus or Covid-19 by launching the complete nation-wide lockdown for 40 days. The result of 40 days lockdown is direct output loss of more than 8 percent over time. There are the indirect impacts onlivelihoods of the unorganized workforce, and a sharp increase in corporate and banking stress, which are likely to further weigh on growth.

scholarly journals A New Method of Estimating Equilibrium Real Exchange Rate in Developing Countries

2016 ◽  
Vol 8 (3) ◽  
pp. 171
Author(s):  
Renhong Wu
Keyword(s):  
Developing Countries ◽  
Exchange Rate ◽  
Real Exchange Rate ◽  
Purchasing Power Parity ◽  
New Method ◽  
Power Parity ◽  
Equilibrium Exchange Rate ◽  
Goods And Services ◽  
Equilibrium Exchange ◽  
The Exchange Rate

How to assess the misalignments of real exchange rate in developing countries has been a difficult and unresolved issue. Over the decades, researchers have not found desirable methods to estimate the “Equilibrium Exchange Rate”. The Purchasing Power Parity (PPP) approach has limitations, and the fixed or managed floating exchange rate regimes in developing countries make the estimating more difficult. The purpose of this paper is to discuss the limitations of the Macroeconomic Balance approach and the existing PPP approach for estimating equilibrium exchange rate in developing countries, and introduce a new method–the Adjusted PPP method to assess exchange rate in developing countries. The new method includes the Human Development Index (HDI) to adjust the traditional PPP estimates. By introducing the adjustments of HDI, the big quality differences in non-tradable goods and services between developed and developing countries are adjusted for the exchange rate estimates. Also, as a case study, the paper estimated the exchange rate in China of 1991-2013.

Output, Employment and Labour Productivity in Europe Since 1955

1976 ◽  
Vol 77 ◽  
pp. 72-85 ◽  
Author(s):  
D.T. Jones
Keyword(s):  
Growth Rates ◽  
Purchasing Power Parity ◽  
Slow Growth ◽  
Labour Productivity ◽  
Purchasing Power ◽  
Power Parity ◽  
European Context ◽  
Industrial Performance ◽  
Post War ◽  
The Uk

This article sets the broad facts of the industrial performance of the UK in the post-war period within a European context. Using purchasing power parity rates the relative levels of labour productivity between countries are compared, for GDP, manufacturing and six sub-sectors of manufacturing. By 1973 the UK had the lowest level amongst the countries studied. Growth rates of output, employment and labour productivity are estimated for four periods since 1955 and the relatively slow growth rates in the UK are analysed.

scholarly journals Organization’s Sustainable Operational Complexity and Strategic Overview: TISM Approach and Asian Case Studies

2021 ◽  
Vol 13 (17) ◽  
pp. 9790
Author(s):  
Sushil ◽  
Periyasami Anbarasan
Keyword(s):  
Purchasing Power Parity ◽  
Model Building ◽  
Secondary Data ◽  
World Order ◽  
Business Practices ◽  
Power Parity ◽  
Sustainable Business ◽  
Communist China ◽  
Managerial Implications ◽  
Operational Activities

As a region, Asia comprises communist China, democratic India and many small quasi-democratic and authoritarian states. Both China and India play a significant role in maintaining multilateral world order. Asia’s regional power remains with its enormous potential of resources for domestic markets and per capita purchasing power parity. Hence, the economic and the business aspects of the Asian region require comprehensive study. Sustainable operational excellence is a notion carried by an organisation’s sustainable economic development and other values. This study incorporates the multiple case study method. Twelve case organisations such as Tata Motors, Samsung, Nissan, Indigo, Mitsubishi, Huawei, Wilmar, Canon, NTPC, Hitachi, Singapore Airlines, and L&T were chosen to study their sustainability values, and operational and strategic strands. TISM (total interpretive structural modelling) method is used for model building; four variables such as operating activities, investing activities, financing activities, and SVE (Social value expenditures) are taken for empirical analysis. Based on the available secondary data, the study incorporated panel data regression analysis. The result shows that SVE positively and significantly explains operational activities that proxy with sustainable business practices. The study concludes with a Paux strategy framework for discussion and managerial implications.

scholarly journals Identifying The Purchasing Power Parity of Indonesia Rupiah (IDR) based on BIG MAC Index

2016 ◽  
Vol 17 (2) ◽  
pp. 210
Author(s):  
Tongam Sihol Nababan
Keyword(s):  
Exchange Rate ◽  
Purchasing Power Parity ◽  
Real Income ◽  
Purchasing Power ◽  
Power Parity ◽  
The Real ◽  
The People ◽  
The Usa ◽  
The Exchange Rate ◽  
Asean Countries

The aim of this study is to identify : (1) profile of exchange rate and purchasing power parity of IDR against US $ based on Big Mac Index compared to the exchange rate of other countries, and (2) the position of the Big Mac Affordability of  Indonesia compared to other ASEAN countries. The results showed that based on Big Mac index during the period April 1998 up to January 2015, IDR exchange rate tends to be undervalued against the USA dollar. The cause of the currency tends to be in a position of undervalued due to the components of non-tradable have not been included in Big Mac index. The index of Big Mac Affordability indicates that there is a great disparity of income between Singapore and five other ASEAN countries. The purchasing power of the real income of the people in Singapore is nearly five times the real income of the people in Indonesia.

scholarly journals Purchasing Power Parity between the UK and the Euro Area

2013 ◽  
Author(s):  
Giorgio Canarella ◽  
Stephen M. Miller ◽  
Stephen K. Pollard
Keyword(s):  
Euro Area ◽  
Purchasing Power Parity ◽  
Purchasing Power ◽  
Power Parity ◽  
The Uk

scholarly journals Measuring GDP and Economic Growth: An Economic Barometer

2019 ◽  
Vol 2 (1) ◽  
pp. 42-58
Author(s):  
Alpa Tarun Mohanty
Keyword(s):  
Purchasing Power Parity ◽  
Market Value ◽  
Living Standards ◽  
Power Parity ◽  
Cost Of Living ◽  
Goods And Services ◽  
Inflation Rates ◽  
Per Capita ◽  
The Cost ◽  
8Th Edition

This essay based on Michaele Parkin, Macroeconomics, 8th edition. Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.

scholarly journals A Fractional Cointegration Analysis of Purchasing Power Parity: Evidence of ELW

2015 ◽  
Vol 3 (11) ◽  
pp. 664-672
Author(s):  
Nadhem Selmi
Keyword(s):  
Purchasing Power Parity ◽  
Weak Form ◽  
The United States ◽  
Cointegration Analysis ◽  
Purchasing Power ◽  
Power Parity ◽  
Fractional Cointegration ◽  
Relative Prices ◽  
Long Run ◽  
The Uk

This study examines the long-run relationship between exchange rates and relative prices. We use a long memory techniques that allow for persistence of chock relationships across real exchange rate to examine the existence of weak-form and strong-form Purchasing Power Parity (PPP) between the Tunisian and five partner countries of Tunisia, namely, (Germany, the United States, France, Italy, the UK, Morocco and Libya. The empirical results obtained through the R/S, Modified R/S, GPH and ELW tests; make us consider the PPP as an event in the long run if significant short-term deviations from the PPP cannot exist. Therefore, the analysis of the fractional cointegration makes the deviations, regarding equilibrium, follow a slightly integrated process and therefore capture a much wider group of research parity or mean-reverting behavior.

The Rising and Compelling Imperatives to do Business in Africa

2014 ◽  
pp. 59-73 ◽  
Keyword(s):  
Exchange Rate ◽  
Gross Domestic Product ◽  
Purchasing Power Parity ◽  
Market Size ◽  
Power Parity ◽  
Goods And Services ◽  
Currency Exchange ◽  
Doing Business ◽  
Currency Exchange Rate ◽  
Business Opportunities

This chapter identifies and describes the current rising and compelling imperatives of doing business in Africa. It defines Africa’s market attractiveness and the African Gross Domestic Product (GDP)—the sum of the value of goods and services that a nation produces in a year—and the Purchasing Power Parity (PPP) both as measures of market size and market intensity in the African economies. It also outlines the origins of the concept of PPP, its uses together with GDP, and the strengths and the limitations of the PPP as a currency exchange rate determinant and as a market size and market intensity measure, hence business opportunities.

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