Open Journal of Business and Management

Published by Scientific Research Publishing
Online ISSN: 2329-3292
Publications
Percentage of public satisfaction.
Descriptive statistics of political trust at different levels.
Article
As an indispensable part of government performance evaluation, the public plays an important role in the legitimacy of the Chinese government. Based on the 1113 samples of “Deliberative Democracy and Election Survey (2010, 2013 and 2014)”, this paper studies the relationship between different levels of political trust and public satisfaction. Through descriptive statistics it was found that more than half of the public on the work of the government expressed satisfaction with the government level, and the degree of trust is gradually increasing. Logistic regression model found that political trust and public satisfaction have a significantly positive correlation, and this correlation strength in different levels of government is different. In addition, gender, political landscape and public satisfaction also have a significant correlation.
 
Article
After the emergence of COVID-19 and subsequently being declared by the World Health Organization (WHO) as a global pandemic it has posed several effects on quality of life and other necessary areas of life on many countries. This perspective intends to update on the incidence and inform regarding COVID-19 in Ghana, and also looks at the economic effect of the global pandemic on a developing country like Ghana, with the main channel discussed being international trade.
 
Article
This study aims to present a description of the economic impact of COVID-19 in Asia, Europe, North Africa and the Middle East. This pandemic outbroke in the city of Wuhan in China, spreading to approximately 213 countries and territories around the world and is still ongoing. We are particularly interested in investigating the economic outlook for COVID-19. This document uses data from scientific contributions published in the Dimensions research academic database; starting from the fact that this situation is an event in development, still. In addition, the bibliometric analysis tools of science from this Dimensions platform are used. In addition, VOSviewer software was used to build and visualize bibliometric science networks. To explore this issue in depth, we divided the economic impact into several regions, that is, the Chinese economy, the Central Asian economies, the South Asian economies, the Southeast and West Asian economies, the European economies, the North African, North African economies, Middle East. With all intention, the document avoids the information that is handled in the American continent, since it is a much more accessible and current knowledge in our geo-economic contact. This scientific contribution concludes that epidemic situations seriously affect economies around the world. The basic reasons behind such severity are labor immobility, reduced productivity, supply chain disruption, decreased exports, uncertainty, etc. This study is of interest for companies and legislators to estimate and plan current and post-pandemic situations.
 
Sample.
Identified themes.
Article
Covid-19, as both a health and an economic crisis, has substantially affected consumers, businesses, industries, and nations in all parts of the world. In this study the aim was to identify trends in consumers’ changing behavioral patterns in grocery shopping in the initial phase of the Covid-19 crisis by conducting a qualitative inductive analysis of news articles on the topic in Finland. Six thematic consumer reactions were identified: 1) Panic-buying, 2) Changes in cooking behavior, 3) Increased sensitivity towards the shopping environment, 4) Switch to online grocery shopping, 5) Increased interest for new services and 6) Careless in-store behavior. The study showed that initially consumers expressed some extreme behaviors, which, however, subsided relatively fast. Importantly, the study gave clear indications that consumers started shifting to online grocery shopping, which may induce more fundamental and enduring changes in grocery retail. Furthermore, the study also suggests that consumers’ increased interest in new types of services is probably here to stay, fueling further innovations. Suggestions for further research are also discussed.
 
Nigeria-China trade statistics (2009-2019)-exports.
Article
The COVID-19 Pandemic has disrupted the world economic and diplomatic relations between nations. The study investigated the effect of COVID-19 Pandemic on the political and economic ties between China and Nigeria. The consensus from recent literature shows that the Coronavirus pandemic has adversely affected economic and diplomatic relations between the two states. In particular, it has exposed Nigeria’s over-reliance on importation from China. A mixed methodology was used to perform analysis of recent and past trade relations between China and Nigeria. We analyzed secondary data from UN COMTRADE on past trade relations with China. The outcome of the study shows that Nigeria trade relationship with China is booming. However, in the last decade, Nigeria has imported more foreign products from China than exportation. We also outline a necessary readjustment for trade balance to ensure an equal exporting opportunity to China to boost the Nigeria economy. It is crucial to stabilize relations between China and Nigeria as both countries need each other towards Sino-Nigeria Economic partnership. Keywords: Trade Deficit, Nigerian Economy, COVID-19, Nigeria, China
 
World COVID-19 statistics on 30 th April 2020.
East African region COVID-19 statistics on 30 th April 2020.
Response to the government of Uganda lockdown measures on 30 th March 2020.
Article
The impact of the nationwide lockdown due to COVID-19 pandemic is caus-ing tremendous and continuing hardships to low income Ugandans specifi-cally the casual worker’s section that earns and spends on a daily basis. Households in the lowest income brackets are the hardest hit, due to incon-sistency in income streams of these household breadwinners and the inelastic nature of basic expenditure of these households. The government has been providing food relief support packages of posho and beans to this section of Ugandans starting with residents of Bwaise, a suburb in Kawempe Division of the capital Kampala. The government has also appealed to well off Ugandans to donate food relief packages to the COVID-19 national task force to ensure food relief donations continue throughout the whole specifically to the hard hit areas because the duration of the food support relief cannot be estimated now but it will depend on how long the lockdown situation will remain and what rate of normalization is in the coming days after lifting of the lockdown. Objective of this paper: The objective of this short paper is, first to provide realistic assessment of the massive impact of the lockdown due to COVID-19 situation in Uganda from a household perspective of low income families and secondly is to propose a food relief support packages to low income house-holds that have been hit hard by this lockdown situation. Both must be con-sidered in the short term situation until the economy is able to bounce back in the medium term situation. (PDF) The Economic Impact of the Lockdown Due to COVID-19 Pandemic on Low Income Households of the Five Divisions of Kampala District in Uganda. Available from: https://www.researchgate.net/publication/342845136_The_Economic_Impact_of_the_Lockdown_Due_to_COVID-19_Pandemic_on_Low_Income_Households_of_the_Five_Divisions_of_Kampala_District_in_Uganda [accessed Jul 31 2020].
 
Empirical results.
Theil inequality coefficients.
Article
Parts of the major macroeconomic objectives of any nation are attaining high growth and employment rates. However these constitute major challenges in Nigeria as economic growth has either remained stunted or stagnant and unemployment rate very high. The financial sector is expected to push up the real sector thereby lowering unemployment rate. It is within this supply leading hypothesis that this work is situated. The 3 Stage Least Square method was used in estimating the Growth and Unemployment macroeconomic equations. The results showed that interest rate and exchange rate have effects on growth but only exchange rate was statistically significant. This seems to suggest that there is a disconnection between the Nigerian money market and the real sector. However interest rate and exchange rate were significant in influencing the rate of unemployment in Nigeria. The goodness of fits for each of the two equations was high. The simulation results showed that the shock in the financial sector has serious implications for the economic growth and unemployment. The work therefore suggests that interest rate and exchange rate should not be left absolutely to the dictate of the market forces. Occasionally government should intervene in these markets as the time requires.
 
Empirical results for personal consumption expenditure and inflation.
Article
Private consumption expenditure is one of the largest components of aggregate expenditure in Nigeria. It constitutes about 72% of GDP over the period understudy. It is therefore an important aspect of the macro-economy of any nation. In the same vein inflation has been a persistent evil affecting the economy of Nigeria. So they are both required to have a deep understanding of how macro-economy functions. The determinants of these two aggregates can therefore not be divorced from the activities in the financial sector. Hinging on the Keynesian absolute income consumption hypothesis, the paper used 3 SLS to estimate the two macroeconomic equations. The results showed that money supply, market capitalization and exchange rate had positive impact on personal consumption expenditure. However, it is only market capitalization that is not statistically significant. All the financial variables used—money supply, interest rate and exchange rate had positive relationship with the general price level. However it was only exchange rate that was not statistically significant. The paper concluded that shocks in the financial sector explained the variations in personal consumption and inflation. It was therefore recommended that interest rate and exchange rate should not be absolutely left to the dictate of the market forces. Government should intervene occasionally as the case may demand. Conducive environment that will make activities in the capital market should be encouraged.
 
Population in ethnic minority areas.
Index of population quality in the minority areas of west China.
Variables of the model.
Result of regression models.
Article
Because the sustainability of the economic development model has drawn much attention recently, the academic circle and the government have begun to focus on the population of minority areas. In past literature, due to the lack of the positive analysis of the relationship between minority population transition and economic development, and due to sample limitation and other factors, the research result is not very convincing. This paper used the economic convergence theory to establish a theoretical model, and selected the panel data in eight minority-concentrated provinces from 1992 to 2012 to analyze the impact of population transition in these provinces on economic growth. The result reveals a significant positive correlation between investment, human capital, the growth rate of labor and per capita GDP growth, a significant negative correlation between children’s dependency ratio and per capita GDP growth, and an uncertain relationship between elderly dependency ratio and per capita GDP growth. To maximize the democratic dividend, it is necessary to speed up the development of educational undertakings in minority areas, and to accelerate the industrial structure transition of minority areas. It is also important to perfect institutional improvement of minority areas.
 
Article
Based on the analysis of the world’s top 500 companies list from 2005 to 2015, comparative research was conducted between six countries including the United States, China, Japan, Britain, France and Germany, which were representative in both revenue and profit among the Fortune Global 500. This paper analyzed the quantity, revenue, profit, margin profit and industrial distribution of these corporations from above-mentioned countries. The existing problems of Chinese enterprises were identified, and corresponding suggestions were given.
 
Article
In the early stages of the crisis that is currently affecting the Spanish economy, the fiscal policy that excessively resorted to automatic stabilizers helped overwhelm the deficit and public debt. In this context, first, in this paper we analyse the trend and variation rate of government revenue as well as expenditure on final consumption and government investment in the last 15 years in relation to the business cycle. In another vein, we also explore and quantify the impact of the countercyclical policies provided from 2007 to 2010 and their impact on the tax burden, which enables us to evaluate the stabilizing role of fiscal policy and thus highlight its fragility. Second, given the challenges of budgetary stability facing the Spanish economy, and always based on the above analysis in which we display the limited room for fiscal manoeuvre, we present the effects of aggregate public spending in a systematic and quantified way as well as its composition as an instrument of fiscal policy. In this framework, a long term stable equilibrium relationship is studied, based on two bivariate models that cointegrate econometrically, that is to say, to estimate models for error correction for cointegrated nonstationary series (and ultimately able to anticipate the evolution of the Spanish economy), we estimate and assess the contribution of spending on investment and government final consumption on aggregate output as well as its differential effect, to assess the concrete impact of the measures applied and ultimately the role of fiscal policy implemented in the early years of the crisis and those that will be designed in the future. Finally, the main conclusion given by the model of behaviour for the final consumption expenditure of general government and GDP, is the existence of delayed adverse effects on the rate of growth of public spending on growth rate GDP. Taking into account the response function of GDP for a boost in public consumption, we estimate that with a lag of two years, an increase in the growth rate of public consumption is falling in the rates of change of aggregate output. Moreover, we can also deduce that the delayed effects of the rate of decline in public investment have a negative impact on economic growth.
 
Article
In the contemporary workplace discrimination is avoided while diversity is promoted. Up to recent past gender, race, and age were the topics taken into discussion. But recently a growing attention is visible in the corporate sector for providing employment opportunities for the differently abled candidates to give equal opportunities to them as well. It is even against the law to discriminate against anyone in the workplace because they have, or are assumed to have, a disability. Hence, it is essential to investigate on how the differently abled employees are managed in the complex, turbulent corporate environment. In this research, a journey of ethnographic narrative, I set out to narrate the stories of the differently abled shop-floor employees in the confectionery industry, as their stories are within the context of Sri Lanka. As good organizational ethnographies can reveal and explore the intricacies, challenges, tensions, and choices of life in organizations; I employ organizational ethnography as the prime methodological approach of this study. Exploring and analyzing the daily lives of differently abled shop-floor employees— while being part of their work life—paved the path to realize that employees with disabilities are capable of being an ‘employee’ which the society expect. Finally, it could be concluded that unlike in managing the people without disabilities, it should be more towards sensitivity, which was observed and experienced though out the research study.
 
Explanatory layer and indicator selection. 
, in which KMO test statistics is an indicator used 
Each year's total variance tested and interpreted by factor analysis. 
Factors related to fiscal absorbing capacity of prefecture-level cities. 
Regression result of factors affecting fiscal absorbing capacity. 
Article
Fiscal absorbing capacity is an essential part of national capacity, whose shortcoming would drive local governments to raise capital through non-standardized channels. Thus causing a negative effect on national governance. The paper would define fiscal absorbing capacity in three aspects, including fiscal absorbing scale, fiscal absorbing autonomy and fiscal absorbing efficiency, and would make measurement and empirical analysis on the fiscal absorbing capacity in seven megacities from 2008 to 2014 by adopting fixed effect model combined with factor analysis, the result of which shows that reverse change trend exists in municipalities and prefecture-level cities of megacities with over ten million population, and that fiscal expenditure decentralization, economic factor and demographic factor all have significant effect on fiscal absorbing capacity. Therefore, powers of finance and duties reasonably divided among megacities should be put forward to promote the optimization and upgrading of industrial structure; and the financial guarantee of municipal governments in megacities should be strengthened through reforms of transfer payment system and household registration.
 
Top-cited authors
ALFRED SARBAH
  • Kumasi Technical University
Abrokwah Eugene
Emmanuel Nketiah
  • Nanjing University of Science & Technology
Hussin Jose Hejase
  • Independent - TAAU
Hassan C. Chalak
  • American University of Science and Technology