Forthcoming articles


International Journal of Trade and Global Markets


These articles have been peer-reviewed and accepted for publication in IJTGM, but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.


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International Journal of Trade and Global Markets (14 papers in press)


Regular Issues


  • Analysis Sharia tourism as resource of finance public sector in Indonesia use total quality service
    by Puji Astutik, Lathifa Hapsari 

  • Profitability and Efficiency of the Croatian Banking Sector   Order a copy of this article
    by August Cesarec, Alen Stojanovi?, Anita Pavkovi? 
    Abstract: Profitability and efficiency of the banking sector significantly contributes to the economic growth and stability. The aim of this paper is to calculate, analyse and discuss profitability and efficiency of the banking sector in the Republic of Croatia for the period 2004
    Keywords: Croatia; bank efficiency; bank profitability; bank size.
    DOI: 10.1504/IJTGM.2018.10015498
  • Performance of active and passive management of Slovak's pension funds in return-risk space   Order a copy of this article
    by Martin Dluhoš 
    Abstract: The goal of the paper is to quantify the performance of actively and passively managed pension funds within the second pension management pillar in Slovakia during the period 2012
    Keywords: second pension pillar; mean-variance analysis; active and passive management.
    DOI: 10.1504/IJTGM.2019.10015499
  • Distributional Effects of Foreign Direct Investment on Poverty: The Case of Vietnam   Order a copy of this article
    by Ngoc Quang Ngo  
    Abstract: In this paper, we examine the impacts of foreign direct investment (FDI) on poverty reduction in Vietnam. The influences of FDI on the poor can be categorised into two types
    Keywords: distributional effects; Driscoll-Kraay; FDI; growth effects; international trade; mediation bootstrapping test; poverty; productivity; regional level; spillover effects; Vietnam.
    DOI: 10.1504/IJTGM.2019.10015500
  • Clean coal project: carbon certificate pricing   Order a copy of this article
    by Christoph Casimir Odermatt 
    Abstract: New ultra super-critical coal power plants are proposed to be built in southern Thailand. In this paper, I am comparing different levelised cost of energy in per megawatt-hour for an old and new technology clean coal power plant to other electricity producing power plants. A hypothetical carbon certificate price per tonne of carbon dioxide equivalent is estimated that relates the extra cost of this new coal power plant to the cheapest but dirtiest option, a lignite power plant. The results show that the Thai government is willing to subsidize the abatement of air pollution. Furthermore, renewables keep being more expensive even after including the external costs of air pollution, except for onshore wind energy. However, no comment can be made which option should be strictly preferred as the electricity price and the environmental costs are only part of the political decision for a country on which fuel mix to choose.
    Keywords: O220 project analysis; Q420 alternative energy sources; Q480 energy: government policy; Q560 environment and development.
    DOI: 10.1504/IJTGM.2018.10015970
  • Local governments' expenditures efficiencies and determinants: the case of Indonesia   Order a copy of this article
    by Ahmad Danu Prasetyo, Nur Budi Mulyono, Linggar Ikhsan Nugroho 
    Abstract: This paper investigates the efficiency of local governments' expenditures in Indonesia, setting Human Development as the designated outputs. Annual data of 34 provinces in Indonesia during 2013-2016 are collected for conducting this research. Data envelopment analysis (DEA) is used to measure the efficiency levels. In addition, the efficiencies' performance also measured by using Malmquist index. We found that, during the analysis period, the efficiency levels of local government expenditures of provinces outside of Java Island are still deficient. DKI Jakarta, DI Yogyakarta, and West Java Province are always located in the efficient frontiers. However, East Kalimantan, Papua, and South Sumatera have been the most improved provinces among others. Further study on the impact of exogenous factors affecting the efficiency scores through Tobit regression yields that Population, Government accountability, Democratic Index, number of universities and local investments have a positive-significant impact on the efficiency scores whereas Area coverage correlates negatively.
    Keywords: Indonesia; local government's expenditures; efficiency; data envelopment analysis; Malmquist index; human development index; panel Tobit regression.

  • The effectiveness of using the innovational potential of a socio-economic system in Russia   Order a copy of this article
    by Nadezhda A. Serebryakova, Tatiana O. Tolstykh, Natalia V. Dorokhova, Elena Solomatina, Mikhail I. Isaenko 
    Abstract: With formation and harmonisation of market relations in the Russian economy, the necessity for implementing innovations as the most important tool for effective development of socio-economic systems becomes more topical. Implementation of innovations stimulates the improvement of indicators of economic activity, increase of competitiveness, and more effective use of resources. The purpose of the work is to determine, generalise, and substantiate the options of managing the innovational development of socio-economic systems of various levels on the basis of evaluating the effectiveness of using their innovational potential. In order to achieve this goal, economic and statistical methods of the research were used, as well as economic and comparative analysis. Methodological and practical developments are based on such approaches as complex and structural and logical, expert, methods of comparison and modelling. A methodological approach to the evaluation of the effectiveness of using innovational potential is offered. The recommendations given in the work could be used for solving the issues related to increase of effectiveness of using the innovational potential of socio-economic systems of various levels.
    Keywords: socio-economic system; effectiveness; innovations; innovational potential; indicators of innovational potential evaluation; innovational activity.
    DOI: 10.1504/IJTGM.2018.10015497
  • Infrastructural provision of international entrepreneurship: theory and practice   Order a copy of this article
    by Aleksei V. Bogoviz, Tatiana N. Litvinova, Svetlana V. Lobova, Yulia V. Ragulina 
    Abstract: Purpose: The purpose of the paper is to determine the differences between the theory and practice of infrastructural provision of international entrepreneurship and to develop recommendations for their elimination. Design/methodology/approach: Methodological basis of the research includes the method of systemic, comparative, problem and SWOT-analysis, as well as the method of graphical representation of information. Findings: As a result of the research, the author comes to the conclusion that existing theoretical ideas on infrastructural provision of international entrepreneurship contradict practical realia as to all its main components: institutional, financial, human, and transport and logistical infrastructure. Practical implications: Weak fundamental basis of the theory of infrastructural provision of international entrepreneurship is a restraining factor on the path of its development. Originality/value: In order to solve the determined scientific and practical problem, the work offers a new practice-oriented model of infrastructural provision of international entrepreneurship, which allows eliminating the gap between theory and practice.
    Keywords: infrastructural provision; international entrepreneurship; freetrading; competitive advantages.
    DOI: 10.1504/IJTGM.2018.10015739
  • Is the common (consolidated) corporate tax base a suitable solution for SMEs?   Order a copy of this article
    by Veronika Solilová, Danuše Nerudová 
    Abstract: The common (consolidated) corporate tax base (C(C)CTB) represents one of the most ambitious projects in the history of corporate taxation in the European Union, which introduced cross-border loss offsetting and the consolidation of profits or losses with apportionment between Member States via an apportionment formula. The implementation of the C(C)CTB system can bring the advantages, such as reduced compliance costs of taxation, unified rules for tax base construction, the establishment of the possibility of cross-border loss offsetting, the elimination of transfer pricing issues and others. With respect to SMEs, we research whether SMEs would prefer to opt for C(C)CTB system, mainly in the context of advantages which are offered by this system. Based on the result of our research we can conclude that SMEs would opt for the CC(C)TB system.
    Keywords: EU; European Union; tax system; CCTB; CCCTB; common (consolidated) corporate tax base; SMEs; cross-border loss offsetting; apportionment formula; transfer pricing; single entity approach; corporate tax liability; Amadeus database.
    DOI: 10.1504/IJTGM.2018.10015982
  • The key role of intellectual resources in the economic growth models in the institutional environment of innovative activity of the Republic of Belarus: theory and practice   Order a copy of this article
    by E.E. Golovchanskaya, E.I. Strelchenya, Elena G. Popkova, O.V. Leonenko 
    Abstract: Purpose: The issues of economic growth take the important place in modern scientific research. Studying the influence of social, moral, and cultural values of society, the attitude of the population to science and innovations becomes urgent in such conditions. Design/methodology/approach: We have studied possible methods for assessment of components of an intellectual resource, and also have considered the available researches of economic growth with the above-stated factors. Findings: The sociological survey has been conducted and the assessment of a deep resource in Belarus and a number of the developed countries has been performed. Originality/value: We offer the structure of an intellectual resource including physical, mental, social, spiritual, and deep components. It allows for the complex assessment of population's health, education level, social capital, features of cultural values, and attitude to science and innovations.
    Keywords: social institutions and growth; innovation; intellectual resources.
    DOI: 10.1504/IJTGM.2018.10015496

Special Issue on: Exploring Socio-Economic Dimensions of Business Strategies Interdisciplinary Approaches

  • Growth and business development: promoting new talent within SME fashion design and adding value to the economy in Bangladesh - characteristics, opportunities and barriers to growth
    by Lynne Hammond, Saiqa Anne Qureshi, Maher Anjum 

Special Issue on: Interdisciplinary Research on International Market Strategies and Performance

  • Performance evaluation of Philippine mutual funds via the Modigliani and Modigliani measure
    by Catherine Kalayaan S. Almonte 
    Keywords: .

  • Are food prices affected by crude oil price: causality investigation
    by Saleh Mothana Obadi, Matej Korček 
    Keywords: .

  • The current assessment of foreign direct investment in the Middle East and North African Region
    by Ritab Al-Khouri 
    Keywords: .