Forthcoming articles

International Journal of Economic Policy in Emerging Economies

International Journal of Economic Policy in Emerging Economies (IJEPEE)

These articles have been peer-reviewed and accepted for publication 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 Articles will not be published until the final proofs are validated by their authors.

Forthcoming articles must be purchased for the purposes of research, teaching and private study only. These articles can be cited using the expression "in press". For example: Smith, J. (in press). Article Title. Journal Title.

Articles marked with this shopping trolley icon are available for purchase - click on the icon to send an email request to purchase.

Register for our alerting service, which notifies you by email when new issues are published online.

Open AccessArticles marked with this Open Access icon are freely available and openly accessible to all without any restriction except the ones stated in their respective CC licenses.
We also offer which provide timely updates of tables of contents, newly published articles and calls for papers.

International Journal of Economic Policy in Emerging Economies (11 papers in press)

Regular Issues

  • Consumer behaviours on the luxury goods market in Poland   Order a copy of this article
    by Bogdan Mroz 
    Abstract: The basic objective of the paper is to highlight new trends in consumer behaviours on the luxury goods market in Poland. The paper focuses on recent developments and growth trends in different categories of luxury goods and services. The author provides an empirical insight into luxury goods market in Poland based on available statistical data, think tanks reports and research findings. The relevant statistical data, e.g., regarding the number of high net worth individuals in Poland are provided as well as the split of the Polish luxury and premium goods market into categories of goods and services. The author tries to pinpoint factors conducive to the growth of the luxury market in Poland and to highlight country-specific consumer behaviours on this particular market.
    Keywords: consumer behaviour; consumer trends; luxury goods market; Poland.
    DOI: 10.1504/IJEPEE.2020.10026307
  • Long Run Analysis of Tourism and Economic Growth in Nigeria   Order a copy of this article
    by Abidemi Adegboye, Clement A.U. Ighodaro 
    Abstract: In this paper, the impact of tourism on economic growth in Nigeria is examined using a dynamic framework and data covering the 1983
    Keywords: ARDL; capital investment; economic growth; employment; export shares; Nigeria; tourism.
    DOI: 10.1504/IJEPEE.2020.10026310
    Abstract: Superior supply chain performance is an important foundation for the sustainability of business performance, either in domestic or international business. This study seeks to explore the source of creative industries’ business excellence from the supply chain side in the form of backward and forward linkages. This study takes Bandung City, a
    Keywords: creative businesses; backward linkages; forward linkages; sales patterns.
    DOI: 10.1504/IJEPEE.2020.10027980
  • Labor Market Flexibility, Distance to Frontier and Human Capital Accumulation: Evidence from Developing Countries   Order a copy of this article
    by Deniz Güvercin 
    Abstract: The present paper aims to explore whether policies enhancing labor market flexibility result in convergence to world technology frontier, and provide proper incentives to increase investment in human capital. Because of the interdependent relations among labor market flexibility, distance to world technology frontier and human capital investment, the Panel VAR methodology which account co-evolutionary relations in dynamic system is used. The data for 31 developing economies over the period 2000-2015 is used for the purpose of the study. Impulse response analysis shows that distance to frontier increases with labor market flexibility shock, while human capital investment decreases with labor market flexibility shock. Additionally, labor market flexibility decreases with the distance to frontier variable shock and distance to frontier decreases with the human capital investment shock. Results suggest that rigid labor market policies should be put in place first in developing countries to provide right incentives to invest in schooling, training,
    Keywords: Labor Market Flexibility; Distance to Frontier; Human Capital Accumulation; Panel VAR.
    DOI: 10.1504/IJEPEE.2020.10028043
  • Improving the Mechanisms of Evaluation of Efficiency of Managing an Educational Establishment Within the Global Crisis Management in Industry 4.0   Order a copy of this article
    by Olga V. Fokina, Elena V. Chirkova, Tatiana S. Bobkova, Maria V. Mazunina, Ekaterina L. Ralnikova 
    Abstract: The purpose of the research is to improve the mechanism of evaluating the efficiency of managing the educational establishment within the global crisis management in Industry 4 0 in modern Russia The authors substantiate the necessity for conducting separate evaluation of efficiency of managing a university within the global crisis management in Industry 4 0 By the example of Samara State Technical University in 2018, the authors show low efficiency of a university within the global crisis management in Industry 4 0 due to foundation on the indicator of effectiveness The offered recommendations for improving the mechanism of evaluation of efficiency of managing a university within the global crisis management in Industry 4 0 in modern Russia allow achieving the following advantages: increased attention to university’s using the possibilities of globalization, which allows implementing the potential of growth of its global competitiveness; receipt of the most precise and correct results.
    Keywords: improvement; evaluation of efficiency; management; university; global crisis management; Industry 4.0; modern Russia.
    DOI: 10.1504/IJEPEE.2020.10028788
  • Safe Haven and Performance of Extension-Markowitz Portfolio on Indonesian Ethical Investments   Order a copy of this article
    by Robiyanto Robiyanto, Bayu Adi Nugroho, Andreas Lako 
    Abstract: There has been on-going discussion about the performance of ethical investments. Unlike previous studies, this research used extension Markowitz model to measure the market-based performance of ethical investments in Indonesia. In addition, this research also investigated whether gold was the safe haven instrument for the extension-Markowitz portfolio in Indonesia when the equity market was in extreme turmoil. The stocks from environmentally friendly firms (SRI) and Jakarta Islamic Index (JII) in Indonesia were used as the proxies of ethical investments. The results showed that the extension of Markowitz model could create an optimum portfolio that outperformed the market index. The result of this study supported The Social Impact Hypothesis implying that environmental and social spending could improve stock market performance. Also, based on Quantile Regression (QREG) and Ordinary Least Squares (OLS), this study found that gold was the safe haven and hedging instrument for ethical investors in Indonesia.
    Keywords: Extension Markowitz Model; Ethical Investments; Safe Haven.
    DOI: 10.1504/IJEPEE.2020.10029087
  • The Lead Underwriter Reputation and Underpricing: Study of Company’s IPO in Indonesia   Order a copy of this article
    by Bandi -, Wahyu Widarjo, Irwan Trinugroho 
    Abstract: We analyze the effect of lead underwriter reputation on underpricing during initial public offering (IPO) in the Indonesia Stock Exchange. This study uses the signaling theory perspective to explain the relationship between the variables. This study predicts that companies using reputable lead underwriter will have a low level of underpricing. We analyze 163 companies that conduct an IPO from 2010 to 2017. The analysis results show that the reputation of a lead underwriter has a negative and significant effect on underpricing. These results are consistent after a series of robustness tests are performed. The findings of this study indicate the importance of lead underwriter’s role in reducing the level of underpricing. This finding has an implication in the selection of underwriter during the IPO. For companies, underpricing is considered as the cost of capital. The higher the level of underpricing, the higher is the cost of capital in the IPO.
    Keywords: Lead underwriter reputation; underpricing; initial public offerings.
    DOI: 10.1504/IJEPEE.2020.10029088
  • Testing on Productivity Transition in Thai Economy through the Lens of State Space Model   Order a copy of this article
    by KANOKWAN CHANCHAROENCHAI, Wuthiya Saraithong 
    Abstract: This empirical investigation seeks to detect the behavior of the Thai economy and its production input efficiency. After conducting various statistical tests, AR('2') model incorporating input factors seems the most appropriate specification.A significant AR coefficient demonstrates the martingale process that suggests a long memory in any change in the quarterly gross domestic output. The state space model suggests that the estimated parameters statistically illustrate the transitional productivity. They also elucidate the sensitivity of input factor efficiency before 2012 and seem to be steady since then. The technological transfer from foreign countries via direct channels unfortunatelyshows itsnegative productivity. The labor productivity sheds some light of positive signal to human capital improvement. The monetary credibility has enhanced as insignificant inflation uncertainty, while the foreign exchange uncertainty provides some benefit to Thai business. Finally, the international integration has not supported the growth of Thailand.
    Keywords: Productivity; State space model; Thai economy; Economic growth.
    DOI: 10.1504/IJEPEE.2020.10029882
  • Loan securitisation and accounting measurement methods in banks   Order a copy of this article
    by Sang-Lyul Ryu, Jayoun Won 
    Abstract: This paper examines the extent to which banks securitise loans under three accounting measurement methods: historical cost, lower-of-cost-or-market and fair value. Securitisation is becoming an indispensable tool for financing liquidity in the global capital market. Prior research has developed different models to analyse why a firm securitise its assets. The established models don’t address if accounting measurement methods have different effects on loan securitisation. In our model, the bank’s loan securitisation is jointly determined by the weight on earnings for each period and the marginal expected rate of return on new investments under the three measurement methods.
    Keywords: loans; securitisation; historical cost; lower-of-cost-or-market; fair value.
    DOI: 10.1504/IJEPEE.2020.10029978
  • Research of Organizational Environment for Staff Performance Improving: case of the small Trade Metal Company, Yekaterinburg, Russian Federation   Order a copy of this article
    by Elena Lysenko, Laura Sartillo Vazquez 
    Abstract: The concept of performance includes of combination of employee behavior and productivity as basic characteristics that influence the achievement of organizational goals. Submitted study was commissioned by the Trade Metal Company, operating on the market of Yekaterinburg, Russian Federation in the area of small business. The aim of the research is to diagnose the organizational climate and personal performance with using of mixed quantitative and qualitative methods to identify "weaknesses" and improve individual work. Results of research can be used for improving organizational environment for the reaching of individual staff performance.
    Keywords: human resources management; labor relations; organizational environment; individual work performance.
    DOI: 10.1504/IJEPEE.2020.10029983
  • Bank funding and liquidity in an emerging market   Order a copy of this article
    by Van Dan Dang  
    Abstract: The study examines the impact of bank funding, in two main dimensions capturing equity capital and customer deposits, on bank liquidity positions in an emerging market. Through the regression estimates following both dynamic and static approaches in panel data models and the support of typical characteristics in funding structure of Vietnamese banks from 2007 to 2017, the study has the ideal tools to find the research results as expected, based on traditional accounting measures. The results show that equity capital and customer deposits have positive effects on bank liquidity positions. Further, the state ownership factor indicates no difference between liquidity behaviours of surveyed banks. These results are validated by alternative robustness checks from both linear and nonlinear specifications. The findings clarify the debates relating to emerging economies, thus providing some implications for better disciplines.
    Keywords: Deposit; emerging market; equity; funding liquidity; funding structure; market liquidity.
    DOI: 10.1504/IJEPEE.2020.10030280