Template-Type: ReDIF-Article 1.0 Author-Name: Sam'un Jaja Raharja Author-X-Name-First: Sam'un Jaja Author-X-Name-Last: Raharja Author-Name: Rivani Rivani Author-X-Name-First: Rivani Author-X-Name-Last: Rivani Title: Effects of information and communication technology adoption and innovation capability on export performance: study of Purwakarta ceramic industry in Indonesia Abstract: This study measures the impact of information and communication technology (ICT) adoption and innovation capability on export performance in the ceramic industry in Purwakarta, Indonesia. The current study also utilises a quantitative research method, which uses multiple linear regression analysis with simultaneous and partial hypothesis testing. Partial and simultaneous test results show that ICT adoption and innovation capability have an impact on export performance. However, the magnitude of this contribution is weak. ICT adoption and innovation capability should be increased and supported by skilled human resources through training and technical assistance, primarily in digital marketing, particularly in the field of design. Journal: Int. J. of Trade and Global Markets Pages: 104-113 Issue: 1 Volume: 15 Year: 2022 Keywords: ICT adoption; innovation capability; export performance; export procedure; ceramic industry; digital marketing experience; Purwakarta. File-URL: http://www.inderscience.com/link.php?id=120876 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:104-113 Template-Type: ReDIF-Article 1.0 Author-Name: Kanokwan Chancharoenchai Author-X-Name-First: Kanokwan Author-X-Name-Last: Chancharoenchai Author-Name: Wuthiya Saraithong Author-X-Name-First: Wuthiya Author-X-Name-Last: Saraithong Title: Trade policy preferences: a case of Thailand Abstract: Trade policy implementation is a sensitive issue and can be complicating. Without taking the micro information into account, trade policy administration can be considered as half-blinded. The logit and probit techniques are employed to assess the determinants of people's support for such trade issues as, people's support for trade liberalisation policy, being a member of ASEAN, and taking part in Regional Comprehensive Economic Partnership (RCEP) and other Free Trade Agreements (FTAs). The Bangkok people are likely to be defensive toward the newly enforced policy. The foreign exposure urges liberalisation perspective. The Stolper-Samuelson theory is valid only in the case of ASEAN labour market liberalisation. Journal: Int. J. of Trade and Global Markets Pages: 61-69 Issue: 1 Volume: 15 Year: 2022 Keywords: trade policy; trade policy preference; Thai trade policy; binary analysis; status quo bias. File-URL: http://www.inderscience.com/link.php?id=120877 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:61-69 Template-Type: ReDIF-Article 1.0 Author-Name: Ronald Ronald Author-X-Name-First: Ronald Author-X-Name-Last: Ronald Author-Name: Amelia Amelia Author-X-Name-First: Amelia Author-X-Name-Last: Amelia Title: Survival mode strategy for traditional market in Indonesia based on consumer behaviour perspective Abstract: Among the many traditional markets in Surabaya, there are three large traditional markets which generally sell vegetables. This research is important for the international market as Indonesia is a developing country and thus can be an example for other countries that face competition between traditional markets and modern retail. The research method used is a quantitative method using AMOS. Data collection was conducted by distributing questionnaires to 260 respondents. The results of this study show that to increase customer loyalty, sellers in traditional markets need to increase quality because what is spent in traditional markets is staple goods. Journal: Int. J. of Trade and Global Markets Pages: 124-133 Issue: 1 Volume: 15 Year: 2022 Keywords: quality; price level; price fairness; positive emotions; symbolic dimension; customer satisfaction; repurchase intention; buying behaviour; traditional market; Indonesia. File-URL: http://www.inderscience.com/link.php?id=120880 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:124-133 Template-Type: ReDIF-Article 1.0 Author-Name: Ploypailin Kijkasiwat Author-X-Name-First: Ploypailin Author-X-Name-Last: Kijkasiwat Author-Name: Nongnit Chancharat Author-X-Name-First: Nongnit Author-X-Name-Last: Chancharat Title: Financial inclusion in the industry 4.0: the effects of financial inclusion on electronic payments in Thailand Abstract: This research investigates the factors that are associated with financial inclusion, particularly, how financial inclusion is associated with electronic payments in Thailand. This study uses Global Findex to compile financial information from 147 countries, and uses partial least square structural equation modelling for the analysis. The empirical findings show that financial inclusion has the most significant effect on the Bank of Thailand's automated high-value transfer network (BAHTNET), followed by online retail funds transference, bulk payments, and credit card payments. Moreover, it is found that the quality of financial products and service delivery significantly affected financial inclusion at a level of 1%. Journal: Int. J. of Trade and Global Markets Pages: 70-78 Issue: 1 Volume: 15 Year: 2022 Keywords: financial inclusion; electronic payments; Global Findex; usage of finance; access to finance; quality of finance. File-URL: http://www.inderscience.com/link.php?id=120884 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:70-78 Template-Type: ReDIF-Article 1.0 Author-Name: Agustin Palupi Author-X-Name-First: Agustin Author-X-Name-Last: Palupi Title: Earnings persistence: systematic risk, audit quality and growth Abstract: This study aims to find empirical evidence relating to the factors influencing earnings persistence. This research used 42 non-financial companies listed on the Indonesia Stock Exchange from 2016 to 2018, providing 126 firm years of data. Generalised least-squares (GLS) was employed to analyse fixed effect panel data to enable control for unobserved heterogeneity at both industry and time levels. The results of this research showed that systematic risk does not have an effect on earnings persistence while audit quality and leverage have negative significant effect on earnings persistence. Company growth and size have positive significant influence on earnings persistence. The results of this research implies that, in making their investment decisions, investors assess company earnings persistence via the indicators contained in annual reports of audit quality, growth, company size and leverage. These findings contribute to research pertaining to earnings persistence and market-based accounting. Journal: Int. J. of Trade and Global Markets Pages: 51-60 Issue: 1 Volume: 15 Year: 2022 Keywords: earnings persistence; systematic risk; audit quality; growth; firm size; leverage. File-URL: http://www.inderscience.com/link.php?id=120885 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:51-60 Template-Type: ReDIF-Article 1.0 Author-Name: Sun Wubin Author-X-Name-First: Sun Author-X-Name-Last: Wubin Author-Name: Jafaro Arthur Author-X-Name-First: Jafaro Author-X-Name-Last: Arthur Author-Name: Emmanuel Kwesi Agyapong Author-X-Name-First: Emmanuel Kwesi Author-X-Name-Last: Agyapong Title: Financing SMEs in Ghana: evidence of the optimal credit guarantee ratio Abstract: Inadequate access to finance by small and medium scale enterprises (SMEs) in Ghana prevents SMEs from thriving and making impact in the global market. Therefore, it is essential to adopt a financial strategy to provide SMEs with adequate and stable finance. This research adopted a theoretical model and an empirical analysis to calculate for the optimal credit guarantee ratio that government should provide to support SMEs in Ghana. The results show that optimal credit guarantee ratios vary from each bank or group of banks based on their healthiness which ensures efficiency and stability of lending to SMEs. Journal: Int. J. of Trade and Global Markets Pages: 88-95 Issue: 1 Volume: 15 Year: 2022 Keywords: inadequate access to finance; SMEs; small and medium scale enterprises; optimal credit guarantee ratio; global market; lending to SMEs; healthiness of banks. File-URL: http://www.inderscience.com/link.php?id=120886 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:88-95 Template-Type: ReDIF-Article 1.0 Author-Name: Edson Vengesai Author-X-Name-First: Edson Author-X-Name-Last: Vengesai Author-Name: Lorraine Rupande Author-X-Name-First: Lorraine Author-X-Name-Last: Rupande Author-Name: Hilary Tinotenda Muguto Author-X-Name-First: Hilary Tinotenda Author-X-Name-Last: Muguto Author-Name: Paul-Francois Muzindutsi Author-X-Name-First: Paul-Francois Author-X-Name-Last: Muzindutsi Title: Country risk and the interaction between gold price and gold stock index return volatilities: evidence from the South African market Abstract: The returns of gold and gold mining companies are assumed to comove positively because investing in gold is considered tantamount to investing in gold-mining stocks. This study hypothesised that the conditional correlations of these returns' volatilities are dynamic and subject to country risk components. Therefore, an asymmetric dynamic conditional correlation generalised autoregressive conditional heteroskedasticity model was employed to test this hypothesis. The results show high positive correlation between the returns of the two series, suggesting that gold mining stocks behave like gold. However, the conditional correlation between the volatilities was found to be time-varying and subject to country risk components. Journal: Int. J. of Trade and Global Markets Pages: 32-41 Issue: 1 Volume: 15 Year: 2022 Keywords: gold mining stocks; gold price; ADCC-GARCH model; country risk rating; conditional correlation; volatility; South Africa. File-URL: http://www.inderscience.com/link.php?id=120890 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:32-41 Template-Type: ReDIF-Article 1.0 Author-Name: Lilik Adik Kurniawan Author-X-Name-First: Lilik Adik Author-X-Name-Last: Kurniawan Author-Name: Ratna Wardhani Author-X-Name-First: Ratna Author-X-Name-Last: Wardhani Title: The effect of transfer pricing and tax haven on cross-border acquisition Abstract: This study aims to investigate the effect of transfer pricing and tax incentive from tax haven countries on the possibility of cross-border company acquisition. This study examines the acquisition activities in Asia in the period of 2012-2014. By using a sample of non-financial companies with a total of 1562 observations, this study shows that transfer pricing affects the probability of the company to do a cross-border acquisition. This study also indicates that the probability of companies performing cross-border acquisition is smaller if the target company is located in a tax haven country. Journal: Int. J. of Trade and Global Markets Pages: 3-11 Issue: 1 Volume: 15 Year: 2022 Keywords: transfer pricing; tax haven; tax avoidance; cross-border acquisition; Asia. File-URL: http://www.inderscience.com/link.php?id=120898 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:3-11 Template-Type: ReDIF-Article 1.0 Author-Name: Lina Anatan Author-X-Name-First: Lina Author-X-Name-Last: Anatan Title: How do institutional pressures effect knowledge transfer activities within university-industry partnership? Abstract: Knowledge transfer within university and industry partnership is important to increase organisation competitiveness in domestic and international market. Fifty-one dyadic university and industry data collected through survey are used to investigate how institutional pressures (regulative, normative, cognitive) effect knowledge transfer activities. The findings show normative and cognitive pressures effect knowledge transfer activities. This study contributes to extend the use of institutional theory in explaining homogenisation between university and industry that significantly different in characteristics. The use of dyadic data might enrich related studies as most of the study used one perspective due to the complicated procedure of dyadic data collection. Journal: Int. J. of Trade and Global Markets Pages: 114-123 Issue: 1 Volume: 15 Year: 2022 Keywords: institutional pressures; knowledge transfer; university and industry partnership; dyadic data. File-URL: http://www.inderscience.com/link.php?id=120901 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:114-123 Template-Type: ReDIF-Article 1.0 Author-Name: Rifatul Fauzia Author-X-Name-First: Rifatul Author-X-Name-Last: Fauzia Author-Name: Dyah Setyaningrum Author-X-Name-First: Dyah Author-X-Name-Last: Setyaningrum Author-Name: Dwi Martani Author-X-Name-First: Dwi Author-X-Name-Last: Martani Title: The effectiveness of local government financial statement audit by public accounting firm Abstract: This study analyses the audit quality of a public accounting firm (PAF) and the Audit Board of the Republic of Indonesia (SAI). Data were obtained from two groups of samples consisting of government institutions audited by PAF and SAI in 2014 and 2015, with the regression test used to determine the hypothesis. The results show that the audit performed by the SAI has a better quality compared to audits conducted by the PAF. The SAI obtain more findings in terms of the number of the internal control system weaknesses and the non-compliance findings. Furthermore, the results also show no significant differences in the audit time required by PAF and SAI. This result aids the SAI to evaluate the use of PAF's in implementing actions to minimise the weaknesses of the audit program by PAF's. Journal: Int. J. of Trade and Global Markets Pages: 79-87 Issue: 1 Volume: 15 Year: 2022 Keywords: audit quality; findings; time; public accounting firm; SAI; Supreme Audit Institutions. File-URL: http://www.inderscience.com/link.php?id=120902 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:79-87 Template-Type: ReDIF-Article 1.0 Author-Name: Alena Fedorova Author-X-Name-First: Alena Author-X-Name-Last: Fedorova Author-Name: Hüseyin Atas Author-X-Name-First: Hüseyin Author-X-Name-Last: Atas Author-Name: Valeriya Badambayeva Author-X-Name-First: Valeriya Author-X-Name-Last: Badambayeva Title: The system-forming factors of social pollution at work on the developing country examples Abstract: The rapidly growing rate of digitalisation and precarisation of work activity forms and conditions stipulate scaling up of social pollution phenomena. The sociological survey was carried out in three countries with developing economies (the Russian Federation, Kazakhstan and Turkey) involving workers from different business sectors. A comparative analysis of the empirical data is made taking into account the level of economic development of each country under study. The authors consider social pollution factors as the reasons for the decline in the quality of working life, and the level of physical and psychosocial well-being of employees and other society members. Journal: Int. J. of Trade and Global Markets Pages: 12-21 Issue: 1 Volume: 15 Year: 2022 Keywords: social pollution at work; comparative analysis; developing countries; main economic indicators; social pollution factors; well-being at work. File-URL: http://www.inderscience.com/link.php?id=120904 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:12-21 Template-Type: ReDIF-Article 1.0 Author-Name: Paul-Francois Muzindutsi Author-X-Name-First: Paul-Francois Author-X-Name-Last: Muzindutsi Author-Name: Swastika Rajhununan Author-X-Name-First: Swastika Author-X-Name-Last: Rajhununan Author-Name: Minenhle Dube Author-X-Name-First: Minenhle Author-X-Name-Last: Dube Author-Name: Bilal Ganie Author-X-Name-First: Bilal Author-X-Name-Last: Ganie Author-Name: Evaniya Mahess Author-X-Name-First: Evaniya Author-X-Name-Last: Mahess Author-Name: Delvina Reddy Author-X-Name-First: Delvina Author-X-Name-Last: Reddy Title: The effect of economic, financial and political country risk factors on the JSE mining index: an ARDL approach Abstract: This study employed the auto-regressive distribution lag (ARDL) and non-linear auto-regressive distribution lag (NARDL) models to assess the response of the JSE mining index subsectors to economic, financial and political country risk factors. The sample period comprises of monthly observations from July 1995 to December 2018. Selected mining subsectors include coal, diamonds and gemstones, general mining, gold, and platinum and precious metals. Long-run and short-run findings show that various subsectors of the JSE mining index react differently to country risk shocks, suggesting that investors can diversify some components of country risk within the JSE mining sector. Journal: Int. J. of Trade and Global Markets Pages: 22-31 Issue: 1 Volume: 15 Year: 2022 Keywords: country risk; auto-regressive distribution lag; non-linear ARDL; mining sector; stock market; South Africa. File-URL: http://www.inderscience.com/link.php?id=120905 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:22-31 Template-Type: ReDIF-Article 1.0 Author-Name: Marcellia Susan Author-X-Name-First: Marcellia Author-X-Name-Last: Susan Title: The impact of corporate governance, capital structure, company size, and assets structure on financial performance: a study on the corporate governance perception index participants Abstract: The purpose of the study is to examine the impact of corporate governance, capital structure, company size, and assets structure on financial performance. Companies with domestic and international market coverage are concerned with their financial performance, considering it is assessed by stakeholders for their financial decision making. The study contributes to the literature regarding corporate governance in which that even a high corporate governance perception index (CGPI) does not always indicate high financial performance. The study findings also contribute to enhancing CGPI participants' and investors' understanding of the impact of capital structure and assets structure on financial performance. Journal: Int. J. of Trade and Global Markets Pages: 42-50 Issue: 1 Volume: 15 Year: 2022 Keywords: financial performance; corporate governance; capital structure; company size; assets structure; CGPI. File-URL: http://www.inderscience.com/link.php?id=120907 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:42-50 Template-Type: ReDIF-Article 1.0 Author-Name: Silvy Christina Author-X-Name-First: Silvy Author-X-Name-Last: Christina Title: Tax compliance of individual taxpayer in DKI Jakarta, Indonesia Abstract: Taxes have a very important role in state revenue because taxes were the main sources in contributing funds used to finance government spending and national development. To optimising Indonesia's tax revenue, the compliance of taxpayers is highly required. This research aims to provide empirical evidence about the effect of tax-paying awareness, tax sanctions, knowledge and understanding of the tax regulations, the perception of the effectiveness of the tax system, the tax authorities service, and level trust of taxpayers on tax compliance. Data used in this research is primary data by giving questionnaires to respondents. Respondents were taxpayers in DKI Jakarta, Indonesia. The research result indicates that tax-paying awareness, the perception of the effectiveness of the tax system, and the tax authorities' service have a significant effect on tax compliance. Tax sanctions, knowledge and understanding of the tax regulations, and level trust of taxpayers have no significant effect on tax compliance. Journal: Int. J. of Trade and Global Markets Pages: 96-103 Issue: 1 Volume: 15 Year: 2022 Keywords: tax paying awareness; tax sanctions; knowledge and understanding of the tax regulations; the perception of the effectiveness of the tax system; the tax authorities; level trust of tax payers. File-URL: http://www.inderscience.com/link.php?id=120908 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:1:p:96-103 Template-Type: ReDIF-Article 1.0 Author-Name: Małgorzata Fronczek Author-X-Name-First: Małgorzata Author-X-Name-Last: Fronczek Title: The import penetration rate and the size of an economy: analysis by trade in value added Abstract: The paper aims to estimate the level of market import penetration in selected countries using the traditional import penetration rate (IPR) and the modified formula, taking into account the concept of measuring foreign trade in added value (IPR<SUB align="right"><SMALL>cor</SMALL></SUB>). It also aims to examine the relationship between the IPR<SUB align="right"><SMALL>cor</SMALL></SUB> and the size of the country's economy (measuring by GDP). The calculations made for 64 countries (37 developed countries and 27 developing countries) indicated a strong negative relationship between IPR<SUB align="right"><SMALL>cor</SMALL></SUB> and GDP in years 2005-2015 (Spearman's rank correlation R<SUB align="right"><SMALL>s</SMALL></SUB> stood about -0.7), i.e., in reality the market import penetration of larger economies was lower than in smaller economies. The separation of developed and developing countries in the analysis showed that the average level of market import penetration of developing countries was slightly lower (R<SUB align="right"><SMALL>s</SMALL></SUB> between -0.63 and -0.78) than in the group of developed countries (R<SUB align="right"><SMALL>s</SMALL></SUB> between -0.66 and -0.83). Journal: Int. J. of Trade and Global Markets Pages: 149-166 Issue: 2 Volume: 15 Year: 2022 Keywords: IPR; import penetration rate; trade in value added; globalisation; international trade. File-URL: http://www.inderscience.com/link.php?id=121437 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:2:p:149-166 Template-Type: ReDIF-Article 1.0 Author-Name: Yolli Eka Putri Author-X-Name-First: Yolli Eka Author-X-Name-Last: Putri Author-Name: Sudarso Kaderi Wiryono Author-X-Name-First: Sudarso Kaderi Author-X-Name-Last: Wiryono Author-Name: Yunieta Anny Nainggolan Author-X-Name-First: Yunieta Anny Author-X-Name-Last: Nainggolan Title: Literature review of online peer-to-peer (P2P) lending: current status, developments and future directions Abstract: Online peer-to-peer lending has been promoted as a potential solution for individuals lacking a bank account to be eligible for a loan. The number of peer-to-peer (P2P) lending platforms has been increasing yet, in most cases, regulators have issued licenses without strict guidelines as to the type of online financial institution that can be registered under P2P lending regulations. At present, no literature review paper which specifically explores online P2P lending that published in peer-reviewed journals has existed. This research use bibliometrics analysis, content analysis, word frequency and trend of keyword analysis to divide 141 publications in P2P lending into seven themes and 25 subthemes and to find the future research agenda; they are default predictions, auction process, regulation, integration, and specific country-related issues. Journal: Int. J. of Trade and Global Markets Pages: 217-240 Issue: 2 Volume: 15 Year: 2022 Keywords: peer-to-peer lending; literature review; default prediction; auction process; word frequency analysis. File-URL: http://www.inderscience.com/link.php?id=121447 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:2:p:217-240 Template-Type: ReDIF-Article 1.0 Author-Name: Nischay Kr. Upamannyu Author-X-Name-First: Nischay Kr. Author-X-Name-Last: Upamannyu Author-Name: Aditya Pratap Singh Author-X-Name-First: Aditya Pratap Author-X-Name-Last: Singh Author-Name: Rajesh Gupta Author-X-Name-First: Rajesh Author-X-Name-Last: Gupta Title: Relationship assessment of perceived quality, perceived value, hospital image and patient satisfaction with respect to health services Abstract: This study was conducted to assess the relationship among different variables for healthcare services rendered by the patients in hospitals. This study was conducted by distributing questionnaires and collecting responses and then doing data analysis for the same. The core objectives of this study was to assess relationship among Hospital Image, Perceived Service Value, Perceived Service Quality, Perceived Patient Satisfaction, and to find out the difference among the categorical variables (Income and Age) on perceived patient satisfaction. Structural equation modelling (SEM) was used to assess the relationship among the variables of the study. With a sample size of 210 respondents, the outcomes of this study were quite interesting. Like Perceived Hospital Image play a vital role to develop the Perceived Service Value and Perceived Quality but Perceived Hospital Image does not create the Perceived Patient Satisfaction, and Perceived Value and Perceived Quality do not develop Patient Satisfaction in healthcare services. Journal: Int. J. of Trade and Global Markets Pages: 201-216 Issue: 2 Volume: 15 Year: 2022 Keywords: perceived service quality; hospital image; perceived service value; health services; SEM; structural equation modelling; CFA. File-URL: http://www.inderscience.com/link.php?id=121448 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:2:p:201-216 Template-Type: ReDIF-Article 1.0 Author-Name: Emmanuel Okofo-Dartey Author-X-Name-First: Emmanuel Author-X-Name-Last: Okofo-Dartey Author-Name: Lungile Ntsalaze Author-X-Name-First: Lungile Author-X-Name-Last: Ntsalaze Title: Examining the influence of managerial ownership on M%A transactions by acquirers from the emerging markets Abstract: Emerging market firms have served mainly as targets rather than acquirers in mergers and acquisitions (M%As) transactions. However, this trend appears to be changing because some firms from the emerging markets are becoming more active in M%A deals as acquirers. Several factors except managerial ownership are highlighted in the literature as the driving forces of M%As by acquirers from the emerging markets. Therefore, this study investigates whether managerial ownership motivates these acquirers to undertake acquisitions, and influences them to pursue smaller-sized targets in their deals. Using the probit regression methodology and data of 160 listed acquirers from ten emerging markets sourced from the Bloomberg terminal from 2004 to 2013, the study reveals that managerial ownership of acquirers from the emerging markets does not influence them to undertake M%As and also become interested in smaller targets. However, the acquirers' debt levels are more likely to influence their M%A execution decisions. Journal: Int. J. of Trade and Global Markets Pages: 167-185 Issue: 2 Volume: 15 Year: 2022 Keywords: managerial ownership; emerging market; acquirers; probit regression; target firms; the theory of managerial entrenchment. File-URL: http://www.inderscience.com/link.php?id=121456 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:2:p:167-185 Template-Type: ReDIF-Article 1.0 Author-Name: S. Nyasha Author-X-Name-First: S. Author-X-Name-Last: Nyasha Author-Name: N.M. Odhiambo Author-X-Name-First: N.M. Author-X-Name-Last: Odhiambo Title: The impact of remittances on economic growth: empirical evidence from South Africa Abstract: In this paper, we have empirically examined the impact of remittances on economic growth in South Africa over the period from 1970 to 2019. The study was motivated by the conflicting empirical findings that have emerged in the literature on the impact of remittance on economic growth in various countries. The study was also motivated by the need to find an empirical backing on the assertion that remittances are good for economic growth in developing countries. Using the autoregressive distributed lag (ARDL) bounds testing approach, the empirical results, contrary to expectations, have revealed that in South Africa, remittances have a negative impact on economic growth, irrespective of whether the regression analysis is conducted in the long run, or in the short run. Journal: Int. J. of Trade and Global Markets Pages: 254-272 Issue: 2 Volume: 15 Year: 2022 Keywords: remittances; international remittances; remittance inflows; economic growth; South Africa. File-URL: http://www.inderscience.com/link.php?id=121457 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:2:p:254-272 Template-Type: ReDIF-Article 1.0 Author-Name: Dorothy Dutta Author-X-Name-First: Dorothy Author-X-Name-Last: Dutta Author-Name: Mrinmoy K. Sarma Author-X-Name-First: Mrinmoy K. Author-X-Name-Last: Sarma Title: An overview of the internet skills of digital platform users' in a digitally emerging country: India Abstract: Internet skills are an important aspect of today's digitally advanced world especially in a country like India where the problem of the digital divide is still intact due to the lack of proper internet skills. This study attempts to analyse different characteristics of internet skills in an era of incremental innovations taking place in digital platforms which results in frequent changes in these platforms. A structured questionnaire was distributed amongst 665 respondents based on judgement sampling and the results are analysed using linear regression analysis and Independent Sample t-Tests. The results show the dependency of an advanced level of internet skills on the basic ones. While age, income and internet experience showed significant positive associations with internet skills; gender, place of residence and education level showed no such statistical inferences towards the level of internet skills. Though the insignificant influences of gender and place of residence could serve as a factor for reducing digital divide; the disinterest of users' with the increase in age might be a bit problematic in the future and requires immediate attention. Journal: Int. J. of Trade and Global Markets Pages: 241-253 Issue: 2 Volume: 15 Year: 2022 Keywords: internet; skills; medium; content; digital; platforms. File-URL: http://www.inderscience.com/link.php?id=121466 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:2:p:241-253 Template-Type: ReDIF-Article 1.0 Author-Name: Klodian Muço Author-X-Name-First: Klodian Author-X-Name-Last: Muço Author-Name: Ela Golemi Author-X-Name-First: Ela Author-X-Name-Last: Golemi Title: The economic and institutional determinants in the international delocalisation of Italian companies Abstract: The latest trend of companies is that of fragmenting their production across several countries as a cost-saving policy. The selection of an optimal location for the fragmentation of the production depends on the economic, fiscal and institutional factors. This paper examines the main factors that influence the process of delocalisation of Italian companies in the Balkans. The results suggest that the work cost and productivity of the hosting country encourage the Italian enterprises to fragment their production in the given country. The empirical results of this study also suggest that institutional factors such as rule of law and corruption have a positive and significant correlation in the delocalisation. Finally, this study empirically examines the impact of fiscal factors. The results suggest that Italian companies are not influenced by the fiscal pressure of the host country. Journal: Int. J. of Trade and Global Markets Pages: 135-148 Issue: 2 Volume: 15 Year: 2022 Keywords: international delocalisation of production; Italian companies; cost of production; delocalisation; productivity; corruption; rule of law. File-URL: http://www.inderscience.com/link.php?id=121469 File-Format: text/html File-Restriction: Open Access Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:2:p:135-148 Template-Type: ReDIF-Article 1.0 Author-Name: Mariola Mamcarczyk Author-X-Name-First: Mariola Author-X-Name-Last: Mamcarczyk Author-Name: Łukasz Popławski Author-X-Name-First: Łukasz Author-X-Name-Last: Popławski Title: Development of local sport: case study Abstract: The aim of the paper is to present the development of local sport illustrated with an example of the Wadowice poviat in Poland. The inhabitants were asked about their opinions with the use of the questionnaire on determinants of the sport infrastructure development (finances, support of the authorities and inhabitants' expectations). As the inhabitants of the poviat emphasise, in their opinion, the commune where they live should develop sport infrastructure, support the improvement of sportsmen's and coaches' training, create a real plan of development of sport in the commune and support sport organisations to obtain funds for their development. The respondents' opinions (inhabitants-parents and sportsmen) are so unpredictable that it is difficult to define any dependencies which could help suitable officials of the self-government unit to decide unanimously as for the conducted policy of the sport development in the territory of the commune. Journal: Int. J. of Trade and Global Markets Pages: 186-200 Issue: 2 Volume: 15 Year: 2022 Keywords: local development; determinants of sports development; sport infrastructure; sport; sport clubs; chi-square test; the inhabitants' opinion; the opinion of the members of sports clubs; Wadowice poviat; Poland; survey. File-URL: http://www.inderscience.com/link.php?id=121470 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:2:p:186-200 Template-Type: ReDIF-Article 1.0 Author-Name: Rifki Fadhlillah Author-X-Name-First: Rifki Author-X-Name-Last: Fadhlillah Author-Name: Putri M. Desiana Author-X-Name-First: Putri M. Author-X-Name-Last: Desiana Title: The mediating roles of work-life balance, affective commitment, and intrinsic motivation in achieving MSEs performance Abstract: This research investigates the role of human resource practices on the performance of micro and small enterprises (MSEs) in South Sulawesi, Indonesia. Factors such as work-life balance, affective commitment, and intrinsic motivation are shown to be influential in determining the performance of MSEs. In total 750 MSEs owners from South Sulawesi took part in the study, and the structural equation method is used for the analysis. This research contributes to existing research into the topic of human resource practices and their effect on performance. The results indicate that performance is profoundly affected by intrinsic motivation and affective commitment, but not by work-life balance. Journal: Int. J. of Trade and Global Markets Pages: 332-347 Issue: 3 Volume: 15 Year: 2022 Keywords: HRM; human resource management; work life balance; affective commitment; intrinsic motivation; performance; MSEs; micro and small enterprises. File-URL: http://www.inderscience.com/link.php?id=124057 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:3:p:332-347 Template-Type: ReDIF-Article 1.0 Author-Name: Osama Hassan Abulkasim Muhamed Author-X-Name-First: Osama Hassan Abulkasim Author-X-Name-Last: Muhamed Author-Name: Siti Nurazira Binti Mohd Daud Author-X-Name-First: Siti Nurazira Binti Mohd Author-X-Name-Last: Daud Title: Impact and determinants of the foreign direct investment on the Libyan economy Abstract: In this study, the researchers aimed to investigate the effect of the foreign direct investment (FDI) on Libya's economic growth. The study has also investigated the effect of the financial development and the institutional quality on the FDI inflow in the country. This paper used the auto-regressive distributed lag (ARDL) bound test approach for determining the time-series data in the period ranging between 1981 and 2013. The results showed that the FDI positively affected the economic growth in Libya and possessed a non-linear relationship (i.e., threshold effect) with the country's economic growth. With regards to the FDI determinants, the researchers observed that the financial development positively affected the FDI in the Libyan economy. On the other hand, institutional quality did not significantly affect the FDI. Hence, the results showed that the financial development is the main determinant of the FDI inflow, whereas the institutional quality does not affect the FDI inflow within the country. Journal: Int. J. of Trade and Global Markets Pages: 276-293 Issue: 3 Volume: 15 Year: 2022 Keywords: FDI; foreign direct investment; Libya; effect and determinants; threshold regression; ARDL cointegration. File-URL: http://www.inderscience.com/link.php?id=124058 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:3:p:276-293 Template-Type: ReDIF-Article 1.0 Author-Name: Septiana Novita Dewi Author-X-Name-First: Septiana Novita Author-X-Name-Last: Dewi Author-Name: Asri Laksmi Riani Author-X-Name-First: Asri Laksmi Author-X-Name-Last: Riani Author-Name: Mugi Harsono Author-X-Name-First: Mugi Author-X-Name-Last: Harsono Author-Name: Ahmad Ikhwan Setiawan Author-X-Name-First: Ahmad Ikhwan Author-X-Name-Last: Setiawan Title: The role of electronic word of mouth moderation in expectation-confirmation model: a study of Blackberry smartphone users in Solo Region, Central Java, Indonesia Abstract: This study aims to empirically prove the linkage of electronic word of mouth (E-WOM) moderation in the relationship between confirmation, perceived usefulness, satisfaction, and continuance intention of Blackberry smartphone products in Solo Region, Central Java, Indonesia. The population in this study is all Blackberry users in Solo Region. The total samples are 100 people selected using purposive sampling method. The data collected were analysed using structural equation modelling (SEM) and the result shows that all hypothesis and relationships between variables are significant with positive direction. This implies that companies need to develop their ability in managing E-WOM to build consumer intention of continuous usage of IT product. Journal: Int. J. of Trade and Global Markets Pages: 348-362 Issue: 3 Volume: 15 Year: 2022 Keywords: perceived usefulness; confirmation; satisfaction; E-WOM; electronic word of mouth; continuance intention; Blackberry messenger; Solo Raya. File-URL: http://www.inderscience.com/link.php?id=124059 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:3:p:348-362 Template-Type: ReDIF-Article 1.0 Author-Name: Khalid Ardhi Nurrahman Author-X-Name-First: Khalid Ardhi Author-X-Name-Last: Nurrahman Author-Name: Aria Farah Mita Author-X-Name-First: Aria Farah Author-X-Name-Last: Mita Title: Does environmental, social and governance (ESG) performance increase earnings informativeness? Evidence from ASEAN countries Abstract: This study aims to analyse the effect of corporate sustainability performance on earnings informativeness. The sustainability performance measured by the environmental, social and governance (ESG) disclosures is expected to improve the earnings informativeness. This study was conducted on 97 companies which have ESG score from Thomson Reuters for the period of 2012 to 2016 in ASEAN-5 countries: Indonesia, Malaysia, Philippines, Singapore, and Thailand. This study finds that ESG disclosures increase earnings informativeness. Company's with higher ESG score reflects higher earnings informativeness and the higher earnings informativeness reduces the information asymmetry. The ESG disclosures in ASEAN countries now are still voluntary. This study implies that the regulators in ASEAN shall consider the benefits of ESG disclosure for investors. Journal: Int. J. of Trade and Global Markets Pages: 363-376 Issue: 3 Volume: 15 Year: 2022 Keywords: ASEAN countries; disclosures; earnings informativeness; ESG; environment; social; governance; information asymmetry; sustainability performance. File-URL: http://www.inderscience.com/link.php?id=124080 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:3:p:363-376 Template-Type: ReDIF-Article 1.0 Author-Name: Rifqi Muhammad Author-X-Name-First: Rifqi Author-X-Name-Last: Muhammad Author-Name: Faizi Riza Author-X-Name-First: Faizi Author-X-Name-Last: Riza Title: The effect of sharia supervision effectiveness and financial performance on Islamic banking efficiency in Indonesia Abstract: This study aims to investigate the effect of sharia supervisory effectiveness and financial performance on the efficiency of Islamic banks in Indonesia. Supervisory effectiveness is measured by the characteristics of the Sharia Supervisory Board (SSB), while financial performance is represented by the capital adequacy ratio (CAR) and net profit margin (NPM). The samples in the study are 11 fully-fledged Islamic banks registered with the Financial Service Authority of Indonesia (OJK), with an observation period of eight years from 2010 to 2017. The paper first measures Islamic banking efficiency using data envelopment analysis (DEA), a non-parametric statistical method; second, it analyses the effect of sharia supervisory effectiveness and financial performance on the efficiency of Islamic banks using panel data regression. The findings show that CAR and NPM have a negative influence on the efficiency of Islamic banks in Indonesia, while the effectiveness of the SSB has no influence. The originality of this research is that first, the findings show that higher capital tends to lower efficiency, particularly in Islamic banks in Indonesia, due to the low optimisation of capital. Second, the reputations, cross memberships, qualifications and the number of SSB members indirectly influence the efficiency of Islamic banks, particularly in terms of increasing costs and reducing the rate of return, as management might be late in anticipating sharia compliance risk. Journal: Int. J. of Trade and Global Markets Pages: 377-390 Issue: 3 Volume: 15 Year: 2022 Keywords: efficiency; effectiveness; Islamic banks; characteristics; Sharia supervisory board; financial performance; data envelopment analysis. File-URL: http://www.inderscience.com/link.php?id=124094 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:3:p:377-390 Template-Type: ReDIF-Article 1.0 Author-Name: Rudy Badrudin Author-X-Name-First: Rudy Author-X-Name-Last: Badrudin Author-Name: Muhammad Rimawan Author-X-Name-First: Muhammad Author-X-Name-Last: Rimawan Title: The flypaper effect as political budget to achieve economic growth in Eastern Indonesia Abstract: The allocation of resources into the capital expenditure is a process that is loaded with political interests. This relates to the politics of local government budgets in managing the budget and how regional financial management can be audited by the Supreme Audit Agency through audit opinion statement as a control variable. The purpose of this study is to determine empirically the flypaper effect as political budget to achieve economic growth in Eastern Indonesia. The purposive sampling method was used resulting in a total of 86 samples for 10 years period observations. The analysing method is used E-views. The results of this study indicate that general allocation fund and own source revenue have a positive significant effect on capital expenditure; not occurs flypaper effect; and the audit opinion statement has a positive effect on economic growth in districts in Eastern Indonesia but not significant. Journal: Int. J. of Trade and Global Markets Pages: 313-331 Issue: 3 Volume: 15 Year: 2022 Keywords: general allocation fund; own source revenue; capital expenditure; growth; flypaper effect; political budget; audit opinion. File-URL: http://www.inderscience.com/link.php?id=124095 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:3:p:313-331 Template-Type: ReDIF-Article 1.0 Author-Name: Grahita Chandrarin Author-X-Name-First: Grahita Author-X-Name-Last: Chandrarin Author-Name: Anwar Sanusi Author-X-Name-First: Anwar Author-X-Name-Last: Sanusi Author-Name: Elfiatur Roikhah Author-X-Name-First: Elfiatur Author-X-Name-Last: Roikhah Author-Name: Dani Yuniawan Author-X-Name-First: Dani Author-X-Name-Last: Yuniawan Author-Name: Diyah Sukanti Cahyaningsih Author-X-Name-First: Diyah Sukanti Author-X-Name-Last: Cahyaningsih Title: Financial development and regional human development: does capital expenditure matter? Abstract: This paper examines the impact of financing decision (FD) and financial inclusion (FI) on the human development index (HDI). Capital expenditure (CE) as a contingency factor that can improve the impact of financing decisions on HDI. Small and medium-size enterprises financing (SMEs F) and income equality (IE), both are used as control variables. Panel data is consist of all province in Indonesia for seven years since issued government's regulation regarding sustainable development. Data were analysed by moderated regression analysis. The result of this study stated that the impact of FD and FI on HDI is statistically significant. Capital expenditures can be strengthening the impact of financing decisions on HDI. Journal: Int. J. of Trade and Global Markets Pages: 294-312 Issue: 3 Volume: 15 Year: 2022 Keywords: HDI; human development index; financing decision; capital expenditures; financial inclusion; SME financing; income equality. File-URL: http://www.inderscience.com/link.php?id=124096 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:3:p:294-312 Template-Type: ReDIF-Article 1.0 Author-Name: Arkadiusz Jan Derkacz Author-X-Name-First: Arkadiusz Jan Author-X-Name-Last: Derkacz Title: Updating the factors adjusting economic growth rate as interpreted by M. Kalecki Abstract: The main goal consists to update the factors correcting the economic growth rate by M. Kalecki, in the context of revisions to it made by K. Łaski. The author undertook a detailed analysis of both the original and the revised economic growth model. This enabled him to identify several problematic areas. On their basis, an attempt was made to present the final model of economic growth, which optimally describes the mechanism of GDP dynamics. Therefore, it seems that the thesis has been put forward that the economic growth rate, determined by the level of investment, is very realistically corrected by the degree of production capacity utilisation, the level of capital intensity and the level of organisational and production excellence. The conclusions drawn can be regarded as valuable for the practice of economic policy and economics as a science dealing with social and economic phenomena. Journal: Int. J. of Trade and Global Markets Pages: 406-422 Issue: 4 Volume: 15 Year: 2022 Keywords: economic growth; gross domestic product; Kalecki; new institutional economics; institutions; effective demand; investments. File-URL: http://www.inderscience.com/link.php?id=125907 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:4:p:406-422 Template-Type: ReDIF-Article 1.0 Author-Name: Wiryanta Muljono Author-X-Name-First: Wiryanta Author-X-Name-Last: Muljono Author-Name: Sri Setiyawati Author-X-Name-First: Sri Author-X-Name-Last: Setiyawati Title: Digital economy: the main power for digital industry in Indonesia Abstract: The world as we know it is continually changing and one of the fundamental drivers of this is digital transformation. At its core is how to use the latest technology to do better. The backbone of the digital economy is connectivity, which means growing interconnectedness of people, organisations, and machines resulting from the internet, mobile technology, and the internet of things. In the digital era, the massification use of data is transforming business models, facilitating products and services, creating new processes, generating greater utility, and creating cultural diversity among management. However, it also presents some challenges for consumers. The impersonality of e-commerce weakens the relationship between businesses and consumers, thereby increasing consumer vulnerability, which could lead to unfair commercial practices and causing uncertainty and lack of trust by consumers. Journal: Int. J. of Trade and Global Markets Pages: 423-444 Issue: 4 Volume: 15 Year: 2022 Keywords: digital economy; business model; prospective commodities; internationalisation issues; startup business; regulation; customer protection; Indonesia. File-URL: http://www.inderscience.com/link.php?id=125908 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:4:p:423-444 Template-Type: ReDIF-Article 1.0 Author-Name: Kok Ban Teoh Author-X-Name-First: Kok Ban Author-X-Name-Last: Teoh Author-Name: Daisy Mui Hung Kee Author-X-Name-First: Daisy Mui Hung Author-X-Name-Last: Kee Title: Psychosocial safety climate and burnout among Malaysian research university academicians: the mediating roles of job demands and work engagement Abstract: Contemporarily, academicians from Malaysian research university encounter greater burnout due to their high levels of job demands and low extents of job resources. Hence, this paper intends to examine the predictors of burnout among academicians. Furthermore, the paper intends to investigate the potential roles of work engagement, challenge demands and hindrance demands as the mediating variables. A total of 686 academicians from Malaysian research university participated in the study. The results of the study demonstrated that psychosocial safety climate (PSC) and work engagement possess a significant negative relationship with burnout whereas challenge demands and hindrance demands possess a significant positive relationship with burnout. Moreover, work engagement, challenge demands and hindrance demands were found to serve as significant mediators on the relationships between the predictor variables and burnout. The findings of this study are helpful to both academics and practitioners who desire to manage the burnout pervasiveness among Malaysian research university academicians. Journal: Int. J. of Trade and Global Markets Pages: 471-496 Issue: 4 Volume: 15 Year: 2022 Keywords: PSC; psychosocial safety climate; burnout; research university; academicians; job demands; work engagement. File-URL: http://www.inderscience.com/link.php?id=125910 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:4:p:471-496 Template-Type: ReDIF-Article 1.0 Author-Name: Yuntawati Fristin Author-X-Name-First: Yuntawati Author-X-Name-Last: Fristin Author-Name: Fajar Supanto Author-X-Name-First: Fajar Author-X-Name-Last: Supanto Title: The effect of Superleadership and perceived organisational support (POS) to performance with employee satisfaction and employee engagement as mediating variables Abstract: This study aims to analyse the Influence of Superleadership on Employee Engagement, Job Satisfaction, and Employee performance. Simultaneously, it analyses the influence of perceived organisational support (POS) on Employee Engagement, Job Satisfaction, and Employee performance. Secondly, it examines the influence of Job Satisfaction on Employee Engagement and Employee performance. Finally, it explores the relationship between Employee Engagement and Employee performance. Samples were drawn from 240 employees of a Government-Owned Commercial Bank. generalised structured component analysis (GSCA) was used for data analysis. Results show that Superleadership has a positive and significant effect on Job Satisfaction and Employee Engagement but has a positive and insignificant effect on Employee's POS. POS has a positive and significant effect on Employee Engagement but has a positive and insignificant effect on Employee Performance. Job Satisfaction has a positive and significant impact on Employee Engagement and Employee Performance. Journal: Int. J. of Trade and Global Markets Pages: 445-470 Issue: 4 Volume: 15 Year: 2022 Keywords: Superleadership; POS; perceived organisational support; performance; employee satisfaction; employee engagement. File-URL: http://www.inderscience.com/link.php?id=125915 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:4:p:445-470 Template-Type: ReDIF-Article 1.0 Author-Name: Clement Moyo Author-X-Name-First: Clement Author-X-Name-Last: Moyo Author-Name: Rufaro Garidzirai Author-X-Name-First: Rufaro Author-X-Name-Last: Garidzirai Title: Trade balance and economic growth: evidence from African countries Abstract: Does the trade balance influence economic growth? This question has sparked several views among academics. To contribute to this debate, the study employed the generalised methods of moments, feasible generalised least squares (FGLS) and panel granger non-causality test, to investigate the relationship between the trade balance and economic growth in African countries. The results of the study show that the trade balance is positively related to economic growth. Furthermore, the results also suggests that economic growth is a determinant of the trade balance. The authors recommend that African countries diversify their product structures and improve the competitiveness of their products to reduce imports of consumer goods which can be produced locally. Furthermore, imports should comprise mostly of intermediate inputs to enhance productive capacity. The study also supports the creation of trading blocs such as the African Continental Free Trade Area (AfCFTA), which will enlarge and diversify export markets, thus improving trade balances. Journal: Int. J. of Trade and Global Markets Pages: 497-515 Issue: 4 Volume: 15 Year: 2022 Keywords: trade balance; economic growth; panel data; economic integration; trade deficit. File-URL: http://www.inderscience.com/link.php?id=125935 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:4:p:497-515 Template-Type: ReDIF-Article 1.0 Author-Name: Catherine Valencia González Author-X-Name-First: Catherine Valencia Author-X-Name-Last: González Author-Name: Carlos A. Pinzón Muñoz Author-X-Name-First: Carlos A. Pinzón Author-X-Name-Last: Muñoz Author-Name: Jaime Flórez Bolaños Author-X-Name-First: Jaime Flórez Author-X-Name-Last: Bolaños Author-Name: Marco Aguilera-Prado Author-X-Name-First: Marco Author-X-Name-Last: Aguilera-Prado Title: Regional determinants of Colombian intra-industry trade Abstract: Using three fixed-effect models, this paper establishes the determinants of regional Colombian intra-industry trade (IIT) from 1995 to 2017 with the aim of establish how regional characteristics generates competitive advantages in some internationals markets and the role of trade agreements in regional IIT. The models use IIT as a dependent variable and calculate IIT using the Grubel % Lloyd index for each tariff group. The explanatory variables used are those traditionally seen in the empirical literature on determinants. Following results are noteworthy: i) Colombian IIT is concentrated in four of the country's 32 regions; ii) IIT is also conducted with nearby countries and consists of labour-intensive goods for which the exporting companies absorb shipping costs; and iii) the current level of IIT has growth potential (with regional differences), given the low specialisation observed in Colombia's dealings with countries with low demand complexity and given the negligible significance of costs. Journal: Int. J. of Trade and Global Markets Pages: 391-405 Issue: 4 Volume: 15 Year: 2022 Keywords: international economics; intraregional trade; IIT; intraindustry trade; economic integration; trade agreements; free-trade agreements; empirical studies of trade; Colombian trade; international trade determinants; intraindustry trade determinants. File-URL: http://www.inderscience.com/link.php?id=125942 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijtrgm:v:15:y:2022:i:4:p:391-405