International Journal of Trade and Global Markets (9 papers in press)
Analysis Sharia tourism as resource of finance public sector in Indonesia use total quality service
by Puji Astutik, Lathifa Hapsari
The dynamic relationship between tanker freight rates and crude oil production: evidence from causality analysis
by Philipp Lauenstein
Abstract: This paper studies the dynamics between tanker freight rate and crude oil production levels. Making use of the Toda and Yamamoto (1995) procedure, it is tested for the (non-)existence of Granger (1969) causal relationships between the two variables. Over the sample period from 1998 to 2014, the results suggest that past information of crude oil production levels uni-directionally helps to predict current tanker freight rate levels. This holds both for aggregated global data and for specific trading routes. Moreover, making use of breakpoint analysis, it is found that this causal relationship is only valid until 2009, since when the global tanker shipping market suffers strongly from excess tonnage capacity. During periods of low earnings in the tanker market, freight rate levels are not impacted by changes in crude oil production. At the practical level, the findings imply that, depending on the state of the freight market, ship owners and operators may improve chartering decision-making by monitoring physical crude oil production volumes.
Keywords: Tanker Freight Rates; Crude Oil Production; Granger-Causality; Toda-Yamamoto Procedure.
Trade Openness and Life Expectancy Nexus in Less-Developed Countries
by Mercy Palamuleni
Abstract: The welfare effect of trade on growth is widely studied. However, only a few studies focus on the effects of trade on health. This paper investigates the long-run relationship between international trade and population health, as measured by life expectancy, in 25 less-developed countries (LDCs). Annual data spanning over 1965 to 2013 and panel data techniques that are robust to endogeniety issues and cross-sectional dependence, are employed. This study draws two main conclusions: (1) international trade and life expectancy have a positive long-run relationship; and (2) the causal relationship is bi-directional. Implying that trade might be both the cause and the consequence of population health. Consequently, LDCs should adopt policies that promote trade and quality of life, simultaneously.
Keywords: Trade; population health; panel cointegration; less developed countries; productivity.
The Importance of Synergy and Organization Culture to Accelerate University in the Global Environment: A Case Study
by Irwan Trinugroho
Abstract: Indonesian universities appearance and recognition in the international environment is left behind some neighboring countries for example Thailand, Malaysia and Singapore. In line with the policy of Indonesian government to accelerate the international recognition of Indonesian universities, Universitas Sebelas Maret (UNS which is relatively younger than other public universities in Indonesia, has aggressively progressed to achieve its vision to be a world-class university. Some accelerating strategies have been implemented, more particular with regard to research and innovation, academic quality and international collaboration. To do so, the university put more weight on the strengthening of integrity, ethics, loyalty, commitment and sense of belonging which create synergy between faculty members and administrative staffs. It eventually leads to a more conducive academic environment and organization culture which is the basis for internationalization strategy. On the other hand, the university has also released some technical policies and strategies for the internationalization process.
Keywords: Universitas Sebelas Maret; Public University; Research; Internationalization Program; Synergy; Conducive Environment.
EMPIRICAL STUDY ON THE DETERMINANTS OF AUDIT REPORTING TIMELINESS: EVIDENCE FROM INDONESIA
by Sutaryo Sutaryo
Abstract: We investigate the determinants of audit reporting timeliness (ART) of local governments in Indonesia. ART is measured by the number of days from the date of the audit assignment to the date of signing the audit report by the Audit Board of the Republic of Indonesia. The factors predicted to have association with the ART are entity resources, the compliance of the local government
Keywords: audit reporting timeliness; size; compliance; competence; audit findings; and financial statements of local governments.
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
Are food prices affected by crude oil price: causality investigation
by Saleh Mothana Obadi, Matej Korček
The current assessment of foreign direct investment in the Middle East and North African Region
by Ritab Al-Khouri