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Journal articles on the topic 'Small economies'

Author: Grafiati

Published: 4 June 2021

Last updated: 1 February 2022

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1

Ndzinge, Shabani. "Corporate Governance and Auditor Independence in Small Economies." INTERNATIONAL JOURNAL OF INNOVATION AND ECONOMIC DEVELOPMENT 5, no. 4 (2019): 36–44. http://dx.doi.org/10.18775/ijied.1849-7551-7020.2015.54.2003.

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Corporate governance and auditor independence can be viewed as two sides of a coin. They are thus intertwined to a significant extent, with one (auditing) lending support to the other (corporate governance). Corporate governance is a topical issue worldwide, while auditor independence is a topic that has attracted considerable interest from research scholars over a period spanning many decades to-date. Various aspects of auditor independence have been studied yielding interesting outcomes. However, there has not been a significant amount of interest in researching this topic with regard to small economies such as that of Botswana, to establish if there are any unique auditor independence issues that arise as a result of that phenomenon. This study attempts to fill that void and has yielded results that call for further inquiry to establish if indeed there are no factors emanating from the size of the economy or the size of the population of a country that impact auditor independence, and thus compromise corporate governance. The study is based on Botswana, but it is presented here that its outcomes would most likely apply to other small economies with similar characteristics to those of Botswana.

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2

Cole, Sam. "Cultural Accounting in Small Economies∗." Regional Studies 27, no. 2 (January 1993): 121–36. http://dx.doi.org/10.1080/00343409312331347435.

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3

Kidd, Maureen. "Tax Administration in Small Economies." Tax Administration in Small Economies 10, no. 06 (2010): 1–11. http://dx.doi.org/10.5089/9781455273416.005.a001.

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4

Cui, L. "Ivy Compton-Burnett's Small Economies." Essays in Criticism 63, no. 4 (October 1, 2013): 458–76. http://dx.doi.org/10.1093/escrit/cgt018.

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5

Padilla-Perez, Ramon, and Caroline Gomes Nogueira. "Outward FDI from small developing economies." International Journal of Emerging Markets 11, no. 4 (September 19, 2016): 693–714. http://dx.doi.org/10.1108/ijoem-11-2015-0236.

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Purpose Foreign direct investment (FDI) from developing economies has increased sharply since the beginning of the 2000s. While most investment flows correspond to firms from large economies, small developing economies have also witnessed the increase of outward investment flows from their domestic companies. The literature on outward FDI (OFDI) from developing economies has focused mainly on large emerging countries, such as China and India. In the case of small developing economies, for which there is scant empirical evidence, firms willing to invest abroad face a different business environment with several barriers such as a small domestic market to achieve economies of scale and a limited supply of specialised resources. In this setting, the purpose of this paper is to examine firm-level strategies and the home-country effects in a small developing economy. Design/methodology/approach A research case study is conducted through a representative sample of Costa-Rican firms investing abroad. Costa Rica makes a strong case since it stands out among small developing economies investing abroad in terms of both the number of operations and the amount of OFDI. Findings The main findings are: outward investment is not only for large and mature firms, as medium and small-sized firms are actively investing abroad; most firms pursue a market-seeking strategy; the benefits for the firm and the home country are stronger when companies follow a clear outward investment strategy; and there is a positive relationship between international trade and OFDI. Originality/value This paper provides novel empirical evidence to better understand an emerging trend in OFDI: in an increasingly integrated world economy, even SMEs from small developing economies are compelled to internationalise their operations in order to compete successfully.

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6

FINDLAY, CHRISTOPHER. "Policy reform in small ‘remote economies’." World Trade Review 3, no. 3 (November 2004): 422–26. http://dx.doi.org/10.1017/s1474745604002010.

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Winters and Martins (W&M) ask the question of whether small and remote economies are inherently uncompetitive? They conclude that such economies do indeed face ‘huge competitive challenges’ and they discuss options for external sources of income that might contribute to the viability of such communities.

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7

Karadjova, Vera, and Snežana Dičevska. "Investment Activity in Small Open Economies." Technology and Investment 05, no. 02 (2014): 65–78. http://dx.doi.org/10.4236/ti.2014.52008.

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8

Seoane, Hernán D. "Near unit root small open economies." Journal of Economic Dynamics and Control 53 (April 2015): 37–46. http://dx.doi.org/10.1016/j.jedc.2015.01.005.

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9

Niarguinen, Dmitri. "Small economies’ adjustment to global tendencies." Economic Systems 27, no. 1 (March 2003): 121–22. http://dx.doi.org/10.1016/s0939-3625(03)00020-7.

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10

Bater, James H. "Sustainable development of small island economies." Annals of Tourism Research 24, no. 1 (January 1997): 255–56. http://dx.doi.org/10.1016/s0160-7383(97)81451-x.

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11

Schäfer, Andreas, and Thomas Steger. "Distributional conflict in small open economies." Research in Economics 67, no. 4 (December 2013): 355–67. http://dx.doi.org/10.1016/j.rie.2013.09.006.

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12

Reid, Gavin C. "SCALE ECONOMIES IN SMALL ENTREPRENEURIAL FIRMS." Scottish Journal of Political Economy 39, no. 1 (February 1992): 39–51. http://dx.doi.org/10.1111/j.1467-9485.1992.tb00603.x.

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13

Stockmann, Kurt. "Competition Policy for Small Market Economies." Zeitschrift für Wettbewerbsrecht 4, no. 2 (May 1, 2006): 254–56. http://dx.doi.org/10.15375/zwer-2006-0207.

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14

Mak, James, and Hiroshi Kakazu. "Sustainable Development of Small Island Economies." Pacific Affairs 69, no. 2 (1996): 300. http://dx.doi.org/10.2307/2760762.

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15

Stan, Simona, and Kenneth R. Evans. "Small Business Retailing in Privatizing Economies." Journal of East-West Business 5, no. 1-2 (January 10, 2000): 123–43. http://dx.doi.org/10.1300/j097v05n01_07.

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16

CUARON, DANIELA, EMMA SAUNDERS, and MATTHEW ELLINGSEN. "Enabling Ethnography in Small Budget Economies." Ethnographic Praxis in Industry Conference Proceedings 2015, no. 1 (October 2015): 174–89. http://dx.doi.org/10.1111/1559-8918.2015.01048.

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17

Raimondos-Moller, Pascalis, and Alan D. Woodland. "Tariff strategies and small open economies." Canadian Journal of Economics/Revue Canadienne d`Economique 33, no. 1 (February 2000): 25–40. http://dx.doi.org/10.1111/0008-4085.00002.

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18

Looney, Robert E. "Profiles of Small, Lesser Developed Economies." Canadian Journal of Development Studies/Revue canadienne d'études du développement 10, no. 1 (January 1989): 21–37. http://dx.doi.org/10.1080/02255189.1989.9669349.

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19

Doyle, Eleanor, and Fergal O’Connor. "Innovation capacities in advanced economies: Relative performance of small open economies." Research in International Business and Finance 27, no. 1 (January 2013): 106–23. http://dx.doi.org/10.1016/j.ribaf.2012.08.005.

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20

Wallich, Henry C. "Central America: Monetary Policy and Economic Growth." Journal of Interamerican Studies and World Affairs 27, no. 4 (1985): 111–16. http://dx.doi.org/10.2307/165571.

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Central America has always seemed to me a particularly fruitful object of study, of economic and particularly monetary affairs, because of the existence of six countries of not too different size and economic structure. This situation provides an opportunity for assessing the workings of certain economic principles.In economic terms, the countries of Central America are very small units. For such units, economics can provide a few analytical propositions that seem prima facie plausible. One is that such economies need not indefinitely specialize in exports of primary products, but if they diversity and industrialize their economies, it must be for export. Industrialization for the domestic market is unlikely to permit sufficient economies of scale. In this regard, the Central American countries have industrialized much less than the small republics in the Far East, and accordingly have not enjoyed as rapid a rate of economic growth.

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21

Schmitt, John, and Nathan Lane. "Small-Business Employment in 22 Rich Economies." International Journal of Health Services 40, no. 1 (January 2010): 151–63. http://dx.doi.org/10.2190/hs.40.1.i.

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22

Suliková, Veronika, Marianna Sinicáková, and Denis Horváth. "Twin deficits in small open Baltic economies." Panoeconomicus 61, no. 2 (2014): 227–39. http://dx.doi.org/10.2298/pan1402227s.

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This paper analyzes the twin deficit hypothesis - simultaneous current account deficit and budget deficit - in three small open Baltic countries (Estonia, Latvia and Lithuania) running under certain forms of the fixed exchange rate regime. The idea of twin deficits is tested using the vector error correction model (VECM), Granger causality tests and forecast variance decomposition, involving three variables: current account, budget balance, and investments. The new estimates confirm significant long-run positive relation between budget balance and current account in Estonia and Lithuania on one hand and the negative one in case of budget balance and investments in all three considered countries. The results of the analysis are specific to each country as they depend on their particular macroeconomic background. The contribution was elaborated within the project VEGA 1/0973/11.

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23

Kose, M. Ayhan. "Explaining business cycles in small open economies." Journal of International Economics 56, no. 2 (March 2002): 299–327. http://dx.doi.org/10.1016/s0022-1996(01)00120-9.

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24

Laxton, Douglas, and Paolo Pesenti. "Monetary rules for small, open, emerging economies." Journal of Monetary Economics 50, no. 5 (July 2003): 1109–46. http://dx.doi.org/10.1016/s0304-3932(03)00057-6.

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25

Jääskelä, Jarkko P., and Mariano Kulish. "The butterfly effect of small open economies." Journal of Economic Dynamics and Control 34, no. 7 (July 2010): 1295–304. http://dx.doi.org/10.1016/j.jedc.2010.02.007.

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26

Gupta, A. S. "Robust monetary policies in small open economies." Oxford Economic Papers 62, no. 2 (June 20, 2009): 350–73. http://dx.doi.org/10.1093/oep/gpp018.

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27

McElroy, Jerome L., and Courtney E. Parry. "The characteristics of small island tourist economies." Tourism and Hospitality Research 10, no. 4 (July 26, 2010): 315–28. http://dx.doi.org/10.1057/thr.2010.11.

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28

Edison, Hali J., Erling Vårdal, and Erling Vardal. "Optimal Currency Baskets for Small, Developed Economies." Scandinavian Journal of Economics 92, no. 4 (December 1990): 559. http://dx.doi.org/10.2307/3440392.

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29

Wells, Peter. "Economies of Scale Versus Small Is Beautiful." Organization & Environment 29, no. 1 (June 25, 2015): 36–52. http://dx.doi.org/10.1177/1086026615590882.

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30

Das, Sujit K. "Competition Policy for Small Market Economies (review)." Journal of Developing Areas 37, no. 2 (2004): 181–83. http://dx.doi.org/10.1353/jda.2004.0024.

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31

Correia, Isabel H. "Dynamic optimal taxation in small open economies." Journal of Economic Dynamics and Control 20, no. 4 (April 1996): 691–708. http://dx.doi.org/10.1016/0165-1889(95)00871-3.

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32

Andreff, Wladimir. "Small and medium enterprises in transitional economies." Economic Systems 28, no. 1 (March 2004): 105–8. http://dx.doi.org/10.1016/j.ecosys.2004.03.003.

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33

Horváth, Julius, Attila Rátfai, and Botond Döme. "The border effect in small open economies." Economic Systems 32, no. 1 (March 2008): 33–45. http://dx.doi.org/10.1016/j.ecosys.2007.07.001.

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34

Allen, Franklin. "Achieving the first best in small economies." Journal of Public Economics 27, no. 2 (July 1985): 255–60. http://dx.doi.org/10.1016/0047-2727(85)90050-7.

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35

Breedon, Francis, Thórarinn G. Pétursson, and Andrew K. Rose. "Exchange Rate Policy in Small Rich Economies." Open Economies Review 23, no. 3 (November 23, 2011): 421–45. http://dx.doi.org/10.1007/s11079-011-9226-0.

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36

Clancy, Daragh, and Rossana Merola. "Countercyclical capital rules for small open economies." Journal of Macroeconomics 54 (December 2017): 332–51. http://dx.doi.org/10.1016/j.jmacro.2017.04.009.

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37

Lam, Newman M. K. "Development strategies of small economies: Singapore, Hong Kong and Macao." Asian Education and Development Studies 4, no. 3 (July 13, 2015): 265–81. http://dx.doi.org/10.1108/aeds-11-2014-0055.

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Purpose – The purpose of this paper is to examine the economic development in Singapore, Hong Kong and Macao to find the reasons for the success. Design/methodology/approach – Applying economic development theories and using archival data to examine the development strategies of the three economies. Findings – There is no single model suitable for economic development for all, and small economies need to be strategically interventionist by either inducing development or balancing the disequilibria caused by development. Originality/value – This is the first comparative study to examine these three fast-growing small economies. The findings lend insight into Hirschman’s theory of unbalanced growth and Stiglitz’s assertion that different economies and conditions require different development strategies.

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38

Kamishiro, Yusuke, and Roberto Serrano. "Small Informational Size and Interim Cores of Large Quasilinear Economies." International Game Theory Review 22, no. 01 (November 5, 2019): 1950012. http://dx.doi.org/10.1142/s0219198919500129.

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This paper provides nonemptiness results of approximate interim cores with endogenous communication in large quasilinear economies, where every agent’s informational size is small. We offer results for both replica and more general sequences of economies.

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39

Laki, Mihály, and Beáta Huszka. "Book Reviews." Acta Oeconomica 54, no. 3 (November 1, 2004): 387–97. http://dx.doi.org/10.1556/aoecon.54.2004.3.6.

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R. J. McIntyre and B. Dallago (eds): Small and Medium Enterprises in Transitional Economies. Palgrave Macmillan in association with the United Nations University / World Institute for Development Economics Research, 2003, 259 pp. (Reviewed by Mihály Laki); S. S. Bhalla: Imagine There's No Country. Poverty, Inequality, and Growth in the Era of Globalisation. Washington, D.C.: Institute for International Economics, 2002, 248 pp. (Reviewed by Beáta Huszka)

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40

ALAN WINTERS, L., and PEDRO M. G. MARTINS. "When comparative advantage is not enough: business costs in small remote economies." World Trade Review 3, no. 3 (November 2004): 347–83. http://dx.doi.org/10.1017/s1474745604001922.

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This paper uses a newly collected dataset on business costs to investigate empirically whether small and remote economies are inherently uncompetitive. Although in theory these economies can overcome their small size by specialising and trading, this may not be enough to generate acceptable incomes because they face a combination of diseconomies of small scale and high transaction costs. We conclude that there are almost certainly some very small economies for which this is true. These economies are likely to become less attractive for commercial activities as globalization proceeds and their current trade preferences are eroded. The policy solution is not protection, however, but proactive policies from the international community.

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41

Feinberg, Robert M. "Antidumping as a Development Issue." Global Economy Journal 11, no. 3 (September 2011): 1850237. http://dx.doi.org/10.2202/1524-5861.1793.

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Antidumping policy was for many years an instrument employed almost exclusively by a small number of developed economies. Over the past 15 years, however, the use of this instrument of trade policy has spread to developing economies, and the overwhelming share of antidumping cases now involve developing countries either as petitioner or as target of these cases. This paper describes these trends in some detail and discusses some implications. A focus of the paper is the absence of discussion in the development economics literature on the topic despite the increasingly important role played by antidumping policy.

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42

Mohammed, Sani. "Small and Medium Enterprises in the Emerging Economies: Does Entrepreneurial Orientation Matters?" International Journal of Psychosocial Rehabilitation 24, no. 5 (March 31, 2020): 1065–10741. http://dx.doi.org/10.37200/ijpr/v24i5/pr201781.

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43

OBINGER, HERBERT, STEPHAN LEIBFRIED, CLAUDIA BOGEDAN, EDITH GINDULIS, JULIA MOSER, and PETER STARKE. "8 Welfare state transformation in small open economies." European Review 13, S1 (March 2005): 161–85. http://dx.doi.org/10.1017/s1062798705000244.

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We examine whether a fundamental change in the core dimension of modern 20th century statehood, the welfare state, has become evident in response to changed exogenous and endogenous challenges. By combining quantitative and qualitative approaches we take stock of social policy development in four advanced welfare states – Austria, Denmark, New Zealand and Switzerland – over the last 30 years. Neither spending patterns nor structural changes support a ‘race to the bottom thesis’, according to which the changed environment of welfare state policies has led to a downward spiral in benefit provision. On the contrary, we show that social spending levels have risen, mainly due to a catch-up of former welfare state laggards. In structural terms, a blurring of welfare regimes can be observed. This twofold process can be described as dual convergence.

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44

McElroy, Jerome L. "Small island tourist economies across the life cycle." Asia Pacific Viewpoint 47, no. 1 (April 2006): 61–77. http://dx.doi.org/10.1111/j.1467-8373.2006.00303.x.

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45

Lalkaka, Rustam. "Incubating small entrepreneurial businesses in economies in transition." Small Enterprise Development 5, no. 3 (September 1994): 13–23. http://dx.doi.org/10.3362/0957-1329.1994.025.

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46

Castello, Sergio, and Chris Boike. "Microfinance and small economies: leveraging remittances in Africa." Enterprise Development and Microfinance 24, no. 2 (June 2013): 160–70. http://dx.doi.org/10.3362/1755-1986.2013.015.

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47

Anderson, Evan W., Lars Peter Hansen, and Thomas J. Sargent. "Small noise methods for risk-sensitive/robust economies." Journal of Economic Dynamics and Control 36, no. 4 (April 2012): 468–500. http://dx.doi.org/10.1016/j.jedc.2011.11.007.

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48

Persson, Lars. "Environmental policy and lobbying in small open economies." Resource and Energy Economics 34, no. 1 (January 2012): 24–35. http://dx.doi.org/10.1016/j.reseneeco.2011.07.003.

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49

Shareef, Riaz, and Suhejla Hoti. "Small island tourism economies and country risk ratings." Mathematics and Computers in Simulation 68, no. 5-6 (May 2005): 553–66. http://dx.doi.org/10.1016/j.matcom.2005.02.012.

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50

Gal, Michal S. "Book Review. Competition Policy for Small Market Economies." Economics of Transition 11, no. 4 (December 2003): 749–50. http://dx.doi.org/10.1111/j.0967-0750.2003.00167.x.

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