• Title/Summary/Keyword: Business productivity

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The Effect of Economic Openness on Multifactor Productivity: Empirical Evidence from Selected Asian Countries

  • ABIDIN, Noorazeela Zainol;BASRI, Nurliyana Mohd;RASHID, Intan Maizura Abd;SULAIMAN, Nor Fatimah Che
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.75-83
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    • 2021
  • Variation in demand, natural resource availability, and technological advancement within a country are the main reasons for necessitating export and import activities between nations. Accordingly, this paper aims to analyze the effect of economic openness on Multifactor Productivity (MFP) in selected Asian countries (Vietnam, Thailand, The Philippines, Indonesia, Cambodia, China, Japan, Malaysia, South Korea, and Singapore) based on data for the period 1990-2018. The analysis conducted in the study employed the panel ARDL approach based on the estimation by Pooled Mean Group (PMG), Mean Group (MG), and Dynamic Fixed Effect (DFE). The Hausman test conducted indicates that the PMG estimation is better than that of MG and DFE since it has a higher variability value than the significance value. The results revealed that economic openness is able to elicit significant and positive effects on short-term and long-term MFP growth. In addition, the study established that other variable, such as the number of schooling years, are also able to produce a positive and significant effect on MFP growth in the long term. Since economic openness can impact MFP growth, every country should thus increase its export activities through more capital and worker inputs that will stimulate greater production.

An Investigation into Research Productivity in the Journal of Consumer Behavior

  • Shin, Dong-Jin;Huh, Mooyul
    • Journal of Distribution Science
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    • v.13 no.2
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    • pp.45-53
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    • 2015
  • Purpose - This study strives to discern trends in research productivity in the Journal of Consumer Behavior. It will identify prolific authors and institutions in articles over ten years (2004-2013). Research design, data, and methodology - The Journal of Consumer Behavior was chosen and articles over ten years were analyzed. Research productivity was determined by categorizing the data into four themes: number of authors per article, author affiliated institutions, a list of prolific authors over a ten-year period, and author-affiliated countries. Results - Authors have a propensity to collaborate on a research paper, yielding a high frequency of articles with two or three authors in a single publication. In addition, author and institution productivity was highest in North America and Europe. Conclusions - The research productivity of the Journal of Consumer Behavior is unprecedented. The trends and insights from this study will allow academics in the area of consumer behavior to observe leading authors and institutions. Moreover, speculations about the leading countries and institutions, not to mention top prolific authors in consumer behavior, will be elucidated in this study.

Does Inward Foreign Direct Investment Affect Productivity across Industries in Korea?

  • Jang, Yong Joon
    • East Asian Economic Review
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    • v.25 no.2
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    • pp.151-174
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    • 2021
  • This paper empirically examines whether and how inward foreign direct investment (FDI) affected industrial productivity in Korea during the 2000-2016 period, based on dynamic panel data of inflow FDI on an arrival basis from 427 manufacturing industries. The paper adds to the literature by analyzing whether both technology spillovers and industrial restructuring from inward FDI can differ according to industrial characteristics such as capital intensity, imported intermediate inputs, and tariffs. The empirical results show that the overall effects of inward FDI on total factor productivity (TFP) were statistically insignificant in general. However, the positive effects of inward FDI on productivity became statistically significant for industries with lower tariffs. Capital intensity were not involved in the relationship between inward FDI and productivity. Thus, the paper highlights that the results in previous studies with inward FDI on a notification basis were overestimated and inward FDI policies in Korea should focus on channels such as trade liberalization and the redistribution of production factors rather than capital accumulation.

Measuring Korea's Industry-level Productivity Change Due to Tariff Cuts using a CGE Model

  • Roh, Jaewhak;Roh, Jaeyoun
    • Journal of Korea Trade
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    • v.25 no.3
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    • pp.48-64
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    • 2021
  • Purpose - This study examined the effect of tariff cuts on productivity in Korea's manufacturing industries and the effect of initial productivity level before tariff cuts on productivity improvement after tariff cuts. We also attempted to identify whether import-driven or export-driven factors are more important for productivity improvement, especially in low productivity industries. Design/methodology - Since tariff reduction is a policy decision that can affect cross-industry, its impact is spread across all industries beyond the scope of a single firm through the input and output network of industry structure. Accordingly, we proposed a new method to measure the change in productivity to reflect the impact of tariff cuts across industries. Through an Armington CGE analysis, changes in endogenous variables can be directly measured after the exogenous shock of tariff reduction, and the amount of movements in productivity triggered by tariff cuts can also be calculated. We can thus assess the effectiveness of exogenous policy, such as tariff cuts, through the difference between the benchmark and counterfactual values of endogenous variables. Findings - This study confirmed that tariff reduction positively affected productivity improvement in Korea's manufacturing industries. It also confirmed that productivity gains occur in Korea's leading export industries. Finally, greater productivity gains were recorded in the group with additional high-export-share or high-import-share conditions for low productivity industries. These results are, in a limited sense, consistent with the existing studies that emphasize the importance of exports and imports on productivity improvement, especially for low productivity industries. Originality/value - The results of our experiments are different from those of non-CGE studies, which measure the industry-level change in productivity with dummy coefficients, in terms of directly calculating the amount of change in productivity. In addition, we propose that the Armington CGE model is more appropriate than the Melitz CGE model to directly measure the productivity after tariff cuts. This is because the Melitz CGE model assumes the given specific productivity density, which does not change after an overall drop of tariffs. To the best of our knowledge, this approach to directly calculating productivity by reflecting the impact of tariff reduction across industries through CGE analysis, is unprecedented in this literature.

Productivity of the Flounder Stocking Density on the Flounder Culture Farms (넙치양식장 밀식에 따른 생산성에 관한 연구)

  • Eh, Youn-Yang
    • The Journal of Fisheries Business Administration
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    • v.42 no.2
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    • pp.85-96
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    • 2011
  • Oliver flounder population density affect Oliver flounder growth and mortality rate. In laboratory pilot experiment, Oliver flounder growth rate is inversely proportional to stocking density. But previous study has not proved external validity. This study is aimed to analyze the effect of stocking density on the Oliver flounder culture farms in Jeju Island. In order to do this, I selected 13 farms in Jeju island as a sample. In the study, various analytical methods including productivity analysis, regression analysis, statistical analysis were conducted for 13 Oliver flounder culture farms. The result of analysis can be summarized as follows. First, in case of the Oliver flounder culture farms, Bertalanffy equation is not applicable to the Oliver flounder growth. Second, the Oliver flounder stocking density, defined as the surface area of Oliver flounder per $m^2$ of water surface area, is preferred to density definition defined as the weight of Oliver flounder per $m^2$ of water surface area on the Oliver Flounder Culture Farms case. Third, growth rate and production weight on the Oliver flounder culture farms are inversely proportional to stocking density on spearman rank correlation test. When extensive comparable biological and culture condition data become available, analysis model can be easily modified to yield more accurate results.

The Positive Effects of Corporate Reading Management on Employee Performance

  • JUNG, Sung-Hyun;AHN, Byoung-Soon
    • East Asian Journal of Business Economics (EAJBE)
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    • v.10 no.4
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    • pp.55-64
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    • 2022
  • Purpose - Corporate reading management requires employees capable of doing their job since employee performance is crucial to the firm's profitability. The objective of this study was to evaluate the positive effects of corporate reading management on employee management. It focuses on factors increasing employee productivity and the impacts corporate management brings about on the overall productivity of any kind of company. Research design, Data, and methodology - The current authors have investigated and conducted the qualitative content analysis (QCA) to obtain the adequate textual dataset in the prior and current literature. One of the primary benefits of doing research using content analysis is that it enables the researcher to employ a combination of qualitative and quantitative research methodologies. Result - Based on the review of the prior literature, the present authors found that there are four corporate reading management solutions to improve employee performance, following those instructions - A. Increased Motivation and Productivity, B. Employee Development, C. Businesses' Objective Alignment, and D. Improved Work Environment. Conclusion - This study addressed and figured out different factors that reading corporate can apply to influence employee performance, thus increasing the company's productivity. Future research should evaluate the adverse effects businesses might face from unfavorable working environments. The research also needed to address how ethics influences employee performance.

Effects of Foreign Direct Investment and Human Capital on Labour Productivity: Evidence from Vietnam

  • LE, Nguyen Hoang;DUY, Luong Vinh Quoc;NGOC, Bui Hoang
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.123-130
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    • 2019
  • The paper aims to investigate whether foreign direct investment (FDI) has positive effect on the labour productivity in Vietnam. Labour productivity is the elemental determinant of a country's development level in long-term. In recent years, although increasing consistently, labour productivity of Vietnam remains low in comparison to other South East Asian countries. To identify the direction of effect and the level of effect of FDI and human capital on the labour productivity of Vietnam, Autoregressive Distributed Lag (ARDL) model was used to examine the effect of FDI and human capital on labour productivity in Vietnam from 1986 to 2014. The results of bounds test confirm the existence of cointegration among the variables. Further, the Toda and Yamamoto Granger causality test affirms that there is unidirectional causality running from foreign direct investment and human capital index to labour productivity. The empirical results provide strong statistical evidence that foreign direct investment and human capital has a positive impact on labour productivity in Vietnam in long-term. These findings imply that workers are expected to further improve their knowledge, skills and that policy-maker should establish concrete plans to increase human capital. Results from this study provide suggestion necessary for Vietnam to achieve sustainable development.

A Study on the IT Infrastructure of Korean Apparel Industry (국내 의류업계의 IT 인프라 구조에 관한 연구)

  • Choi, In-Ryu
    • The Research Journal of the Costume Culture
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    • v.17 no.3
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    • pp.512-522
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    • 2009
  • The purpose of this study is to analyze IT infrastructure of Korean apparel industry in order to enhance business effectiveness and customer's satisfaction in information society with global networks. For this study, the questionnaires were distributed to 57 apparel industries in Korea. The data were analyzed by factor analysis, descriptive statistics, Cronbach's alpha coefficient, multi regression analysis. The results of this study are as follow: First, Considering the apparel industry, construction of information system is essential for assistance of information policy and utilization of information. Understanding of e-business policy affects profits of suppliers. Second, Apparel industry with higher information policy has higher productivity with flexibility. Third, Apparel industry which has close relationship with suppliers has better customer support. Flexible scheduling and production line are important factors for quick response of customer's order and need.

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Design and Implementation of Integration Application Framework Supporting Dynamic Configuration (동적 형상 변경 관리를 지원하는 통합 애플리케이션 프레임워크의 설계 및 구현)

  • Lee, Yong-Hwan;Min, Du-Gki
    • Journal of Information Technology Services
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    • v.4 no.1
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    • pp.117-128
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    • 2005
  • When we conduct development of a large-size SI project, it is highly necessary to utilize an appropriate application framework which helps to build a qualified software with high productivity in a short period of time. In this paper, we propose the architecture of a dynamically reconfigurable CBD application integration framework that has been used for developing large-scale e-business applications to achieve high development productivity and maintainability. This Integration framework can easily extend its functionalities, and dynamically change its configuration during run time according to the business category, such as applying interaction patterns among main components in software architecture, rules, policies, and environmental parameters. Dynamic reconfiguration has the feature to make applications be easily customized for changeable requirements. Through our application integration framework, huge sizes of contents can be managed according to the business category as well, by keeping configuration informations and huge volumes of source codes. In order to evaluate out application integration framework in terms of performance criteria, we present experimental results of throughputs from the framework by yielding dynamic configuration without any performance degradation.

Productivity of Aquaculture Facility Utilization (양식장 이용에 따른 생산성에 관한 연구)

  • Eh, Youn-Yang
    • The Journal of Fisheries Business Administration
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    • v.45 no.2
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    • pp.85-95
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    • 2014
  • Fish stocking is important element of land-based aquaculture management. To maintain constant stocking rate considering biological and economic condition is a convenient strategy in intensive aquaculture. This study is aimed to analyze the effect of over-stocking(more than aquaculture capacity) for certain periods of time. This study make the mathematical decision making model that finds the value of decision variable to minimize cost that sums up the water pool usage cost and sorting cost under critical standing corp constraint. The proposed mathematical decision making model was applied to 12 sample combination of sorting cost and the number of fish on the Oliver flounder culture farms. If a immature fish can be sold for high price than farming cost, restricted over-stocking resulted in a improvement of economic performance. When extensive comparable biological and market data become available, analysis model can be widely applied to yield more accurate results.