Ludo Cuyvers

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Verified

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• Ph.D. in applied economics
• Professor (Full) at University of Antwerp

Sweezy, Paul Marlor (b. 1910 New York City USA, d. 2004 Larchmont NY USA). As economist, Sweezy was much influenced by Keynes’s General Theory and the new theory of “monopolistic competition”, but his Marxist conviction made him unwanted at Harvard University. Sweezy’s views on economic stagnation evolved during the 1950s and 1960s, particularly w...

Electronic Data Interchange (EDI) became popular to facilitate international business transactions in the 1990s, but, even today, it can be seen that its use is not introduced everywhere. This article reviews some statements on the adoption of EDI in companies and integration into other IT systems. Furthermore, it looks at situations in specific co...

Before we can unite, and in order that we may unite, we must first of all draw firm and definite lines of demarcation" (Lenin, 1902: 11). Many Marxists seem to have unsurmountable problems with what is often called the "neo-Ricardian" or "Sraffian" approach to the labour theory of value. This approach is considered neo-Ricardian, because it builds...

The article examines the impact of ICT on Cambodia’s services export performance. In the econometric estimations, ICT is proxied by fixed telephone subscriptions, mobile cellular subscriptions, fixed broadband subscriptions, and internet users, and is introduced in the augmented gravity model with a panel data set available from 1995 to 2012. Estim...

Purpose This paper aims to identify China’s realistic export opportunities (REOs) among the “Belt and Road Initiative” (BRI) group of countries. Design/methodology/approach The methodology used is a decision support model (DSM) that filters data based on country risk; macro-economic country performance; market potential in terms of import growth a...

Many reasons have been advanced why Capital remained unfinished. Marx's bad health seriously hampered his research and writing, but this was much more so in the early 1860s, than in the 1870s. Also, after 1872, Marx's other commitments had become much less time-consuming. During the decade and until his death, Marx studied agronomy, geography, geol...

This article offers a brief overview of the development of ASEAN in its 50 years of existence. It covers the early motivations and developments since the late 1960s, the acceleration of integration and creation of the ASEAN Free Trade Area in the 1990s, and – more recently – the development of the ASEAN Economic Community, the ASEAN Political-Secur...

The ‘ASEAN Way’, as an approach to interstate relations within ASEAN, is analysed in relation to the ‘reduction of the development gap’ (RDG) with Cambodia, Laos, Myanmar and Vietnam (CLMV). It is found that convergence of income per capita and development levels of CLMV is only to a limited extend the result of RDG and its pace is too slow. With t...

Portfolio investors during 1880-1914 were motivated by the prospect of higher (ex-ante) expected returns and the search for diversification. At the London stock exchange, such overseas portfolios also realised higher (ex-post) returns than domestic portfolios. However, this result cannot be generalised. Higher return expectations for portfolio inve...

The paper analyzes the relevance of domestic institutions for export performance of Cambodia. Regulatory quality, control of corruption, rule of law, government effectiveness, and political stability are introduced in an augmented gravity model with a panel data set over 1996–2015. The research is the first application to Cambodia, until 2015 a lea...

This paper attempts to shed new light on further deepening the economic integration process in Southeast Asia using a quantitative assessment of the potential for further developing intra-regional trade. It is evident that ASEAN's export space is expanding faster than the world average and that there is still room for ASEAN countries to further dev...

Purpose This paper aims to identify Thailand’s realistic export opportunities (REOs) in the ASEAN+3 countries (i.e. ASEAN, Greater China, Japan and South Korea), which together constitute an economically dynamic region and a strategic export destination for Thailand. Furthermore, the paper seeks to determine the extent to which Thailand already has...

Nearly two hundred years have passed since the birth of Karl Marx and continuing to this day the influence of his economic views, insights and theories can still be felt. However, since the publication of Das Kapital, the scientific community has not been sitting idle - it is time to evaluate Marx as an economist and explore what he can bring to mo...

In the comparative literature on regional (economic) integration processes, the ASEAN experience is often contrasted with the European (EU) integration process. More than any other integration process in the world, the ASEAN case is singled out as a counter-model for the EU. The ASEAN model is thereby associated with features such as: low levels of...

With the trade in services playing an increasingly important role in boosting economic growth and development in many countries, governments and business entities – particularly in developing countries – should be devoting more time to exploring export opportunities for the services sector. However, a major challenge is that the services sector is...

In 2018, two hundred years will have passed since Karl Marx was born. The influence of his economic views, insights and theories can still be felt. However, since the publication of Das Kapital, the scientific community has not been sitting idle. It is time to evaluate Marx as an economist. The Marxist economic model is a coherent set of theses, w...

Exports are vital to the well-being and competitiveness of the Dutch economy, both as a contribution to Gross Domestic Product (GDP) and as a source of employment. The country faces two problems on this front that may over time come to undermine its global competitiveness. First, its export markets are geographically concentrated. It is particularl...

The paper shows that the present EU GSP Plus arrangement is to be considered as showing the level of aspiration of the EU for future FTA partners regarding international rules of sustainability and good governance. Following its 2007 East Asia Policy Guidelines, the EU started negotiations on an interregional EU–ASEAN FTA and on the FTA with South...

Henri de Man is the author of the dissenting “Au-delà du Marxisme” (1926) and of the Belgian Plan du Travail (Labor Plan) of 1933. Later he became a Belgian social-democratic leader. He published between 1931 and 1935 18 economic articles in the Bulletin d’Information et de Documentation of the National Bank of Belgium. It is shown that the article...

In the face of slow economic growth and development, and the perennial problems of unemployment, poverty and inequality, the South African government and business community have long recognised the importance of growing and diversifying the countrys tangible goods and services export sectors. One of the challenges in designing and implementing eff...

Purpose The aim of this paper is to investigate the impact of changes in the Generalized System of Preferences of the European Union, on the EU GSP imports from beneficiary countries in ASEAN and China, and Latin America, respectively, and the utilization of GSP benefits by these countries for the period 1994‐2007. Design/methodology/approach The...

The impact of changes in the Generalized System of Preferences of the European Union, on the EU GSP imports from beneficiary countries in ASEAN and China, and Latin America respectively, and the utilization of GSP benefits by these countries is investigated for the period 1994-2007, using model specifications with unlagged and one year lagged react...

Governments are increasingly confronted with scarce resources, which force their export promotion organisations to seek more efficient ways and methods. At the same time, with the export successes of the emerging economies, public export promotion policies of countries are confronted with diminishing returns, particularly when the traditional expor...

The impact of changes in the Generalized System of Preferences of the European Union, on the EU GSP imports from beneficiary countries in ASEAN and China, and Latin America respectively, and the utilization of GSP benefits by these countries is investigated for the period 1994-2007, using model specifications with unlagged and one year lagged react...

Purpose – The European Union's Generalised System of Preferences (GSP) has existed for over 40 years and it aimed to promote the export growth in the developing countries. The purpose of this paper is to highlight the evolution and characteristics of the EU's GSP regime and examine the effectiveness of the EU's GSP in promoting the export growth of...

Governments are increasingly confronted with scarce resources, which force their export promotion organisations to seek more efficient ways and methods. At the same time, with the export successes of the emerging economies, public export promotion policies of countries are confronted with diminishing returns, particularly when the traditional expor...

In this article, we calculate a market-weighted return index for the 20 largest stocks listed on the Brussels Stock Exchange over the period 1833–2005, based on a new, unique and high-quality database. We find that this index captures the most important stylised facts of the value-weighted return of all shares listed on the Brussels Stock Exchange...

This article focuses on the potential effects of an Association of South East Asian Nations (ASEAN)–European Union (EU) Free Trade Agreement (FTA) for Cambodia, Laos and Myanmar (C-L-M), the least developed economies of ASEAN. The authors explore how the particular structure of the ASEAN production sharing network might shed light on the transmissi...

Purpose – The paper aims to assess to what extent the general trends with regard to world inequality can be explained by rising international economic integration, technological change and (labour market) institutions. Design/methodology/approach – Based on the existing literature, the stylized facts on inequality between and within nations, global...

Purpose – This paper aims to introduce the subject of the impact of globalization and regionalization on the labour markets. The papers of the special issue are placed within this subject. Design/methodology/approach – Although the subject is not treated exhaustively, the papers presented are new contributions dealing with labour market institutio...

Purpose The paper aims at providing evidence on the impact on employment of outward foreign direct investment, particularly from developed countries into low‐wage countries, which is a major concern in many developed countries. Design/methodology/approach The effects of foreign production undertaken by Belgian foreign‐oriented companies on employm...

This paper analyses the determinants of the factors that might influence inward FDI in Cambodia by referring to its economic, geographic, and political characteristics. Using exclusive unbalanced panel data sets during 1995-2005, for both approved and realized FDI for, respectively, seventeen and fifteen home countries, the estimation results show...

A decision support model (DSM) was developed in 1995 by one of the authors with the main aim to identify realistic export opportunities (REOs) for a particular exporting country. The DSM results can assist export promotion agencies in designing export strategies to be better geared for the continuously changing international environment. In this st...

Linking international trade and labour standards is one of the ways to make countries comply with their international obligations to respect core labour standards. Under the European Union’s Generalized System of Preferences (EU’s GSP), trade preferences of Myanmar in 1997 and Belarus in 2006 were withdrawn for the use of forced labour and for viol...

We empirically investigate the effects of the internationalisation of Belgian firms on domestic demand for production and non-production workers, which are used as proxies for unskilled and skilled labour. Distinction is made between home-employment effects of firms’ internationalisation, through either international trade or outward foreign direct...

This study examines the dividend policies of privately held Belgian companies, differentiating between stand‐alone companies and those affiliated with a business group. We find that privately held companies typically do not pay dividends. Compared to public companies, they are less likely to pay dividends and they have lower dividend payouts. Our r...

Brazil, China and India have been described as 'southern engines of growth' in the world economy. By 2050, these three countries could count under the top 5 largest economies in the world. This implies many opportunities for international trade. Governments could facilitate such international trade by helping firms identify feasible export opportun...

Pre-World War I Belgium was characterized by a strong concentration of power in the hands of a small elite with ties to business, banks, and politics. We find that political and upper class connections were widespread amongst listed firms, especially connections with the ruling political party. Connected firms had higher growth levels and a higher...

We estimate the impact of international trade and of trade-induced technological change on the wage inequality in the OECD countries, by estimating a two-stage mandated-wage regression. From our estimation we find no evidence on the Stolper-Samuelson effect of trade with the developing and newly industrialized countries. On the other hand, the evid...

Purpose – The purpose of this paper is to investigate the trends of antidumping actions targeting East Asia and to examine the macroeconomic determinants of European Union (EU) antidumping actions against East Asian countries including China, Japan, Korea, Hong Kong, and Taiwan. Design/methodology/approach – A Negative Binomial Regression approach...

Market selection methods, of which a vast number exist, are a critical tool in firms’ and government’s policy, planning and budgeting processes. To this end, the primary aim of this paper is to determine the international market selection method best-suited to the identification of potential export opportunities for South Africa. The secondary aim...

In this paper, the concordance between the major tenets of the export promotion policies of the public export promotion organisations in Belgium, i.e. Export Vlaanderen (the predecessor of Flanders Investment & Trade), AWEX and Brussels Export, in the period 1999- 2003 on the one hand, and the most promising export opportunities on the other, are s...

Purpose Little empirical research has been conducted on competitive intelligence (CI). This paper aims to contribute to the quantitative strand of the CI literature by exploring and validating the theoretical constructs of the CI process. Design/methodology/approach Data from 601 questionnaires filled out by South African and Flemish exporters wer...

Foreign Direct Investment (FDI) is generally regarded as an important source of finance, especially for the developing countries. Aitken and Harrison (1999) indicated that the largest source of external finance during the 1990s made available to the developing economies consisted of FDI. However, the role played by FDI in host countries through the...

Multinational Companies (MNCs) serve foreign markets by exporting to, by licensing or by engaging in international production in the host countries. Cambodia has become the destination of foreign direct investment (FDI) after its first-ever general elections in 1993. Based on approved foreign-invested projects, the majority of Cambodia’s inward FDI...

p class="MsoNormal" style="line-height: 150%; margin: 0cm 0cm 0pt;"> The present paper investigates the relationship between Competitive Intelligence (CI) factors, characteristics, information sources, needs, requirements and the export intensity of exporting companies in South Africa. We establish whether there are significant differences between...

We experimentally investigate social effects in a principal-agent setting with incomplete contracts. The strategic interaction scheme is based on the well-known Investment Game (Berg et al., 1995). In our setting four agents (i.e., trustees) and one principal (i.e., trustor) are interacting and the access to choices of peers in the group of trustee...