Forthcoming and Online First Articles

International Journal of Trade and Global Markets

International Journal of Trade and Global Markets (IJTGM)

Forthcoming 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 Articles will not be published until the final proofs are validated by their authors.

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International Journal of Trade and Global Markets (5 papers in press)

Regular Issues

  • The Impact of Investment on Environmental Quality: Evidence from Indonesian Provinces   Order a copy of this article
    by Irwan Trinugroho, Aldy Fariz Achsanta, Putra Pamungkas, Sajidan Sajidan 
    Abstract: The impact of foreign direct investment (FDI) on environmental degradation has been a main issue in the investment-environment nexus. FDI channeled to non-environmentally friendly industries most likely accelerate environmental degradation. We focus on investigating the effect of FDI on environmental degradation by examining FDI in Indonesia across provinces. To measure the severity of air pollution in each province, we use two proxies of environmental degradation: the Environmental Quality Index (EQI) and Air Quality Index (AQI). A panel data technique is applied to a panel of 34 provinces, resulting in 164 province-year observations employed in the empirical estimation. We also disentangle investment as the main explanatory variable, not only foreign but also domestic investment. Our results indicate that both domestic investment and FDI are positively associated with environmental degradation, implying that most of these investments are channeled into the sector with high negative externalities, resulting in a decline in environmental quality.
    Keywords: foreign direct investment; domestic investment; environmental quality index; air quality index; Indonesia.
    DOI: 10.1504/IJTGM.2023.10057716
     
  • The evolution of exchange traded funds (ETF): A bibliometric analysis and future research directions   Order a copy of this article
    by Nishath Sultana, T. A. M. Hameed Kan 
    Abstract: This bibliometric analysis investigates 218 journal articles on exchange-traded funds (ETFs) from 2004 to 2024, retrieved from SCOPUS. Employing bibliometric tools, we analyzed publication trends, citations per article, and influential works. Results reveal a steady increase in ETF publications, peaking in 2021 with 30 articles. Citation analysis highlights that earlier works are heavily cited, reflecting their foundational impact, while recent publications in 2023 and 2024 show reduced citations, suggesting a saturation of research interest or focus shift in the field. These trends underscore ETFs' evolving research landscape, where foundational studies maintain enduring influence despite shifts in publication activity, demonstrating the field's maturing dynamics and the importance of sustaining impactful, innovative research.
    Keywords: Exchange traded funds; Bibliometric analysis; Themes; Publication metrics.
    DOI: 10.1504/IJTGM.2024.10069300
     
  • Aid for Trade and the Quality of Service Exports in Recipient Countries.   Order a copy of this article
    by Huong Nguyen, Danbee Park 
    Abstract: Recent studies show that Aid for Trade (AfT) effectively improves not only trade volume but also the export sophistication of recipient countries. Gnangnon and Roberts (2017), Wang and Xu (2018), and Luu Hai (2021) found that AfT contributes to the merchandise export sophistication of recipient countries. We extend those previous studies by examining the impact of AfT on service export sophistication of recipient countries. We follow the method proposed by Hausmann et al. (2007) to measure the service export sophistication. Using the two-step system GMM estimator on a dataset of 135 countries over 2005-2022, we discover that AfT flows promote service export quality in recipient countries. Interestingly, AfT for non-service sectors exerts a stronger positive effect on the service export sophistication of recipient countries than AfT for service sectors. Our evidence also reveals that AfT flows are particularly crucial for upgrading service export sophistication in Least Developed Countries (LDCs) and countries with better governance quality.
    Keywords: Aid for Trade; governance quality; service export sophistication.
    DOI: 10.1504/IJTGM.2024.10069301
     
  • Exploring Consumer Preferences for Global Brands in India's Evolving Food Retail Market: A Trend Analysis   Order a copy of this article
    by Abirami Mohan, Raja Rajeswari Ganesh 
    Abstract: The current study discusses the survival of international food companies in Indian retail settings. Foreign competitors successfully monitor the changing trends of consumer demands from time to time to know the needs of the consumers. Due to globalization, the Indian food industry started blooming with the entry of international players. This research analyses the consumers’ decision-making about what they buy, want, and regard foreign food products. This study examines the factors influencing consumer purchasing behaviour on foreign food products to address this research gap. The study employs a quantitative approach, and primary data were collected from 210 respondents using a survey-based questionnaire based on convenience sampling technique. Furthermore, structural equation modelling (SEM) was employed to assess the model and test the hypotheses. This study found that psychological, branding, sales promotion, and environmental elements increase purchase intention. The results also show that international brand recognition positively affects customer preference for international
    Keywords: FMCG Marketing; Food Products; Promotional Activities; Purchase Intention; Retail Marketing; International Players; Structural Equation Modelling (SEM).
    DOI: 10.1504/IJTGM.2024.10069302
     
  • Z-Score and Logistic Model-Based Default Probability Prediction in India's Manufacturing Sector for Economic Growth Insights   Order a copy of this article
    by Richa Kaur, Meghna Sharma, Deen Dayal Chaturvedi, Jimnee Deka 
    Abstract: This study explores the prediction of default probability in India’s manufacturing sector within the industrial metaverse, incorporating considerations of economic growth. The research analyzes 124 Indian manufacturing firms listed on the Bombay Stock Exchange over five years (2018-2019 to 2022-2023), utilizing Multiple Discriminant Analysis (MDA) and Logistic Regression models to classify firms based on their default risk. Both models develop equations to differentiate between firms likely to default and those not, using predictor variables relevant to the sector. The study examines the discriminant coefficients, which indicate the importance of each predictor variable in assessing default probability. The results show no significant difference in classification accuracy between the MDA and Logistic Regression models, demonstrating strong specification and robustness. This suggests that both methods are effective for default prediction in the manufacturing sector. By integrating ergonomics into the analysis, the study provides insights into how the industrial metaverse can influence financial predictions,
    Keywords: Multiple Discriminant Analysis; Logistic Regression; Economic Growth; Non-Default; Logit model; Robustness; Canonical discriminant coefficients; Prediction; Significant differences and classification.
    DOI: 10.1504/IJTGM.2024.10069303