Testing the Twin Deficit Hypothesis for Kenya 1970-2012
Erastus Kaiba Njoroge,
George Kosimbei,
Julius Korir
Issue:
Volume 3, Issue 5, October 2014
Pages:
160-169
Received:
4 October 2014
Accepted:
14 October 2014
Published:
30 October 2014
Abstract: The Twin Deficit Hypothesis (TDH) is an economic proposition suggesting that there exists a positive causal association between Budget deficit and Current account deficit. This assertion has been the subject of debate in the scholarly and policy front. However, most of the already existing literature on the TDH has focused on already developed economies. Majority of this literature carried out bivariate analysis using annual data. This study investigates the TDH nexus for Kenya using quarterly data spanning from 1970Q1 - 2012Q1 in a multivariate approach. The study employed various econometric tests including Johansen & Juselius cointergration tests, Vector Auto Regression and Toda- Yamamoto’s Granger causality test. The study also estimated the Impulse response functions and Variance decomposition. The results indicate that the TDH does exist in Kenya in a multivariate environment as opposed to directly between budget deficits and current account deficits. The study proposes that the government should formulate adequate fiscal and monetary policies that will effectively manage the country expenditure and revenue. The government should also look into ways of increasing its revenues and reducing expenditures.
Abstract: The Twin Deficit Hypothesis (TDH) is an economic proposition suggesting that there exists a positive causal association between Budget deficit and Current account deficit. This assertion has been the subject of debate in the scholarly and policy front. However, most of the already existing literature on the TDH has focused on already developed econ...
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Virtualization and Cloud Computing: The Pathway to Business Performance Enhancement, Sustainability and Productivity
Emmanuel Chinomso Ogu,
Omotunde Ayokunle,
Mensah Yaw,
Ogbonna Achimba
Issue:
Volume 3, Issue 5, October 2014
Pages:
170-177
Received:
12 October 2014
Accepted:
21 October 2014
Published:
30 October 2014
Abstract: Cloud computing, and the technology of virtualization which drives its foundations, lead the pack of Information Technology (IT) solutions for business that have emerged and kept transforming businesses in recent years. While in acknowledgement of the fact that numerous researches have emerged in recent times on the concepts of virtualization and cloud computing, trying to address issues relating to management, complexity, operability, service delivery, security, amongst others, very little to no effort has been made to study how these technologies impact the dynamic business environment of the 21st century and the benefits they could hold for businesses of the digital age. In light of this, this paper gives a theoretical review of the business environment as it was before and shortly after the advent of IT, in such a way that novices as well as experts in business and IT would be able to identify with and understand the interactions that have always existed amongst these industries. It further goes on to provide a detailed exposé on cloud computing and virtualization as it affects the business environment of the 21st century, right from its inception and origins, to survey its history, basic concepts, current trends, modes of deployment and use, as well as the benefits they provide for businesses in our world. It brings in some proven industry perspectives and opinions and presents new insights into what the future has to offer with these twin technologies for both the worlds of business and IT.
Abstract: Cloud computing, and the technology of virtualization which drives its foundations, lead the pack of Information Technology (IT) solutions for business that have emerged and kept transforming businesses in recent years. While in acknowledgement of the fact that numerous researches have emerged in recent times on the concepts of virtualization and c...
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The Relationship between Service Quality and Customer Loyalty in Specialty Supermarkets: Empirical Evidence in Vietnam
Nguyen Thu Ha,
Nguyen Hue Minh,
Phan Chi Anh,
Yoshiki Matsui
Issue:
Volume 3, Issue 5, October 2014
Pages:
178-186
Received:
11 October 2014
Accepted:
24 October 2014
Abstract: This study investigates the relationship between service quality of electronic supermarkets and customer loyalty by conducting questionnaire survey on 237 buyers in Tran Anh electronic supermarkets in Hanoi, Vietnam. This questionnaire was constructed with 28 retail service quality items covering 5 service quality dimensions namely Physical Aspects, Reliability, Personal Interaction, Problem Solving and Policy, and 2 Customer Loyalty items. Statistical analysis results indicate the significant relationship between Customer Loyalty and such dimensions of service quality as Physical Aspects and Problem Solving. From these findings, managerial as well as theoretical implications have been discussed.
Abstract: This study investigates the relationship between service quality of electronic supermarkets and customer loyalty by conducting questionnaire survey on 237 buyers in Tran Anh electronic supermarkets in Hanoi, Vietnam. This questionnaire was constructed with 28 retail service quality items covering 5 service quality dimensions namely Physical Aspects...
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Audit Firm Characteristics and Audit Quality in Nigeria
Ilaboya Ofuan James,
Ohiokha Friday Izien
Issue:
Volume 3, Issue 5, October 2014
Pages:
187-195
Received:
22 October 2014
Accepted:
29 October 2014
Published:
30 October 2014
Abstract: This study examines the impact of audit firms’ characteristics on audit quality. We proxy the dependent variable (audit quality) using the usual dichotomous variable of 1 if big 4 audit firm and 0 if otherwise. Data for the study were sourced from the financial statements of 18 food and beverage companies listed on the Nigerian Stock Exchange market within the period studied (2007-2012). The multivariate regression technique with emphasis on Logit and Probit method was used to estimate our model for the study. The choice of this approach was basically influenced by the dichotomous nature of our dependent variable and the fact that our data is both time series and cross-sectional. The findings indicate that there is a positive relationship between firm size, board independence and audit quality whereas there is a negative relationship between auditor’s independence, audit firm size, audit tenure and audit quality. The study suggests the need for the Nigerian Financial Reporting Council and other regulatory bodies in line with best practices to look critically into the three years professional requirements for auditors.
Abstract: This study examines the impact of audit firms’ characteristics on audit quality. We proxy the dependent variable (audit quality) using the usual dichotomous variable of 1 if big 4 audit firm and 0 if otherwise. Data for the study were sourced from the financial statements of 18 food and beverage companies listed on the Nigerian Stock Exchange marke...
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