bluuebunny/crossref_metadata_2025_split huggingface dataset:
Threshold effects of exchange rate depreciation and money growth on inflation
Authors: E. Wimanda Rizki 
Published: January 2014

Purpose
– This paper aims to investigate the impact of exchange rate depreciation and money growth to the consumer price index (CPI) inflation in Indonesia.

Design/methodology/approach
– Using threshold model applied to Phillips curve equation.

Findings
– Using monthly data from 1980:1 to 2008:12, the econometric evidence shows that there are indeed threshold effects of money growth on inflation, but no threshold effect of exchange rate depreciation on inflation. Even though the threshold value for exchange rate depreciation is found at 8.4 percent, the F-test suggests that there is no significant difference between the coefficient below and that above the threshold value. While two threshold values are found for money growth, i.e. 7.1 and 9.8 percent, and they are statistically different. The impact on inflation is high when money grows by up to 7.1 percent, it is moderate when money grows by 7.1-9.8 percent, and it is low when money grows by above 9.8 percent.

Research limitations/implications
– This research is using methodology proposed by Hansen which the threshold is based on the minimum SSR. The value of SSR will differ from one model to one model. For example, model using quarterly data will give the different result from that using monthly or yearly data. Also, when the author uses the new data, the result could be different.

Practical implications
– Even though inflation targeting framework has been adopted by Bank Indonesia (BI) since 2005, BI should not disregard the monetary aggregate variable, especially M1. This is because the growth of money is still matter to influence inflation in the short run. The impact on inflation is found to be larger than the impact of exchange rate depreciation when it is below a certain threshold value.

Originality/value
– This is the first paper that evaluates the threshold effect of exchange rate and money growth in emerging country, especially in Indonesia.
Kaldor-Verdoorn's law and increasing returns to scale
Authors: Millemaci Emanuele , Ofria Ferdinando 
Published: January 2014

Purpose– The aim of this study is to investigate the validity of the Kaldor-Verdoorn's law in explaining the long-run determinants of the labor productivity growth for the manufacturing sector of some developed economies (Western European Countries, Australia, Canada, Japan and the USA).Design/methodology/approach– The authors consider the period 1973-2006 using data provided by the European Commission – Economics and Financial Affairs. The method is instrumental variable. The robustness of estimates is checked by means of the Chow and the CUSUM and CUSUMQ tests. The authors consider the traditional specification of the dynamic Verdoorn law and the one which also includes investment to output ratio (I/Y), as a proxy of the capital growth rate, and the average labor cost growth, as a proxy of supply factors.Findings– The findings suggest that the law is valid for the manufacturing as countries show increasing returns to scale. Capital growth and labor cost growth do not appear important in explaining productivity growth. The estimated Verdoorn coefficients are found to be substantially stable throughout the period.Originality/value– The authors consider the most recent years, which has been characterized by a constant decline in the average GDP growth rates; a productivity growth decline; the long-term reduction in the manufacturing share of total employment. The authors examine the importance of alternative hypotheses such as those related to the existence of supply constraints. The authors check the stability of the KVL throughout the period under the consideration and across countries. The authors evaluate whether, in the case of the developed countries, economies of scale are significant.
Does political risk deter FDI inflow?
Authors: Gobinda Goswami Gour , Haider Samai 
Published: January 2014

Purpose
– In today's increasingly globalized world, foreign direct investment (FDI) is a hotbed for discussion. Numerous studies have been undertaken regarding FDI, its determinants and benefits, but very few works provide importance to the effect of political risk on the inflow of FDI. Some papers introduce institutional or governance issues in determining FDI inflow, but a comprehensive framework in this respect is non-existent. With this end in view, the authors take 146 countries worldwide over a period of 1984-2009 and then classify countries as OECD or non-OECD members to see whether there is any difference in the nature of the effect. The study keeps other possible determinants of FDI – market size, growth rate of real GDP, trade openness, infrastructural facilities as control variables while considering the effect of underlying political risk factors in deterring the FDI.

Design/methodology/approach
– This paper looks at the effect of political risk on FDI by using a systematic approach of factor analysis, in reducing the number of variables into their underlying factors and then generating factor scores. Then it uses a panel regression approach combined with factor analysis to examine which particular aspect of political risk contributes more towards deterring FDI inflow.

Findings
– The empirical results of this study refute the conventional notion that government failure is the primary contributing factor for poor FDI inflow. Rather, cultural conflict and the attitude of the partner country towards the host country are found to be mostly responsible for deterring FDI inflow. The result holds significantly even after controlling for traditional determinants regardless of whether it is an OECD member country or not.

Practical implications
– It is not just governance failure but the cultural factors and development partners' attitude about the country which mostly determines FDI inflow.

Originality/value
– This is the first paper which combines the factor analysis in a panel regression framework to examine the impact of political risk on FDI inflow.
Inflation and inflation-uncertainty in India: the policy implications of the relationship
Authors: Chowdhury Abdur 
Published: January 2014

Purpose– Inflation and its related uncertainty can impose costs on real economic output in any economy. This paper aims to analyze the relationship between inflation and inflation uncertainty in India.Design/methodology/approach– The methodology uses a generalized autoregressive conditional heteroscedasticity (GARCH) model and Granger Causality test.Findings– Initial estimates show the inflation rate to be a stationary process. The maximum likelihood estimates from the GARCH model reveal strong support for the presence of a positive relationship between the level of inflation and its uncertainty. The Granger causality results indicate a feedback between inflation and uncertainty.Research limitations/implications– The research results have important implication for policy makers and especially the Reserve Bank of India.Practical implications– It provides strong support to the notion of an opportunistic central bank in India.Originality/value– The results of the paper are of relevance not only to the monetary policy makers but also to academicians in India and other developing countries.
Value creation through intellectual capital in developed European markets
Authors: Shakina Elena , Barajas Angel 
Published: January 2014

Purpose
– This paper aims to investigate the production function of firms based on the use of intellectual capital. The authors come up with this problem since believe that the new economy conditions require an adjustment and a development of classical firm theory.

Design/methodology/approach
– The research question addressed in this study is mainly related to the empirical validation of the function based on companies' intangibles in the Cobb-Douglas framework. This model enables the authors to advocate the idea of the complementarity of intellectual resources as well as simplifies the analysis of intellectual capital features. To accomplish the purpose of the research, the authors design a log-linear model and estimate it on a sample of more than 400 European and American companies.

Findings
– Application of Cobb-Douglas framework allowed designing a production function based on intellectual capital. The complementarity of intellectual capital components is justified on the empirical results obtained in this research. The increasing return to scale for intellectual capital was established for the sample examined in this study.

Research limitations/implications
– The main shortcoming of the approach implemented in this study is related to the proxy indicators of intellectual capital. Nevertheless, the authors statistically validate the chosen indicators applying hedonic approach.

Practical implications
– Practical accomplishment of this research is mainly associated with the conclusion about an increasing return to scale of intellectual capital. This phenomenon appears to be of a particular importance for investment decisions.

Originality/value
– The findings of this paper provide a new insight into intellectual resources interrelation that enhances companies' value creation. The authors also hope to assist future research attempts in application of the theory of company's growth driven by its intangible capital.
Mean reversion in per capita GDP of Asian countries
Authors: Kumar Tiwari Aviral , Suresh K.G. 
Published: January 2014

Purpose
– This study aims to examine the stationarity characteristics of per capita GDP of 17 Asian countries and subpanels for South Asia, East Asia, and high income Asian countries in nonlinear framework.

Design/methodology/approach
– The authors employed a recently developed nonlinear panel unit root test suggested by Ucar and Omaga in PESTAR framework for full panel and the subpanels.

Findings
– The results indicate that per capita GDP for the full panel of Asian countries and panel of South Asian countries are linear nonstationary, whereas for the panel of East Asia and high income developed countries have a nonlinear data generating process and are stationary.

Originality/value
– The use of newly developed nonlinear panel unit root test for Asian countries is the main contribution of the study. In that aspect, this is the first study to employ such a test in this area.
The effects of promotion framing on consumers' price perceptions
Authors: Choi Choongbeom , S. Mattila Anna 
Published: January 2014

Purpose
– The use of price-based promotions is common in the service industry due to their positive impact on sales in the short run. To gain a better understanding of the effectiveness of various types of promotions, the current research aims to examine the contrasting effect of two popular framing methods (i.e. percentage-off versus dollars-off) on consumers' perceived savings and willingness to buy. More importantly, this research examines the moderating effect of personal sense of power on such relationships.

Design/methodology/approach
– The study used 2×2 between subjects quasi-experimental design to test the hypotheses. Respondents were asked to read a scenario regarding booking a hotel room and then complete scales that measured their perceptions of savings and willingness to book.

Findings
– Results indicate that personal sense of power moderates the effects of the promotion frame on perceived savings and willingness to book. Individuals with a low sense of power perceive significantly more savings and exhibit significantly higher booking intentions when the promotion is framed in dollars-off rather than in percentage-off format. The framing manipulation, however, had minimal effects among high power individuals. In addition, the authors find that confidence in estimating the promoted price is the psychological mechanism that potentially explains the casual link from power to perceived savings and willingness to book.

Originality/value
– Drawing on the social psychology theory, the current study discovered some boundary conditions for the framing effect in the context of pricing of services. In addition, the current research advances the theoretical understanding of power's psychological and behavioural effects in the context of price promotions.
The impact of relational bonds on brand loyalty: the mediating effect of brand relationship quality
Authors: Huang Chao-Chin , Fang Shih-Chieh , Huang Shyh-Ming , Chang Shao-Chi , Fang Shyh-Rong 
Published: January 2014

Purpose
– While the literature attends to how customer retention strategies develop relationship quality (e.g. trust), it does not account for the potential mediator (s) in this relationship. The purpose of this paper is to examine the mediating role of brand relationship quality (BRQ) in the relationship between relational bonds and brand loyalty in retail service contexts.

Design/methodology/approach
– A total of 524 valid questionnaires from respondents aged between 15 and 24 are analyzed using structural equation modeling.

Findings
– First, BRQ significantly mediates the relationship between relational bonds and brand loyalty. Second, structural bonds are the only driver of attitudinal attachment; social and structural bonds lead to a sense of community. Third, attitudinal attachment is the main influence on both behavioral and attitudinal loyalty.

Research limitations/implications
– First, a focus on a single market segment, i.e. 15-24 year olds. Second the dimensions used to measure relational bonds and BRQ might not be applicable to other contexts. Third, does not consider potentially important moderator(s). Fourth, does not distinguish between store and product brands.

Originality/value
– This study makes the following contributions to the literature: First, demonstrates the importance of BRQ as a mediator in the relationship between relational bonds and brand loyalty. Second, elucidates the role of BRQ in establishing brand loyalty in three theoretical frameworks applied to retail service contexts. Third, suggests a more comprehensive view of brand loyalty involving both behavioral and attitudinal dimensions. Fourth, proposes the managerial implications of this work for the customer retention strategies of retail service firms.
A pilot study of grocery store sales: do low prices=high nutritional quality?
Authors: Exum Barbara , H. Thompson Sharon , Thompson Leslie 
Published: January 2014

Purpose
– Low fruit and vegetable intake is associated with heart disease, some cancers, and other major causes of death. Product pricing influences food purchases and economic declines have affected food budgets; therefore, this study examined the nutritional quality of advertised meal deals and buy-one-get-one free (BOGO) offers at three major grocery store chains over ten weeks. The paper aims to discuss these issues.

Design/methodology/approach
– USDA's SuperTracker and Diet Analysis Plus were used for nutritional analyses of advertised offers over a ten-week time period in Fall 2011.

Findings
– Meal deal – ten-week averages per person: prices ranged from $1.25 to $5.00. Evaluation of MyPlate categories revealed the following percentage breakdown: empty calories – 57 percent, grains – 21 percent, protein – 12 percent, dairy – 8 percent, vegetables – 2 percent, and fruit – 0 percent. BOGO – ten-week averages: when examining MyPlate categories, nutritional quality was similar to meal deals in that few products were from the vegetable (12 percent) fruit (4 percent), and dairy (3 percent) groups.

Originality/value
– Research is sparse regarding nutritional quality of advertised sales at grocery stories.
Probiotics in dairy foods: a review
Authors: Umer Khan Shahnawaz 
Published: January 2014

Purpose
– There is need for exhaustive studies to be undertaken to identify various probiotic strains and to understand the actual mechanism of action by which these probiotics exert their health benefits in order to exploit its fullest health benefits expressed by various kinds of the probiotic strains. The paper aims to discuss these issues.

Design/methodology/approach
– The health effects of the probiotics can be accessed by in vivo as well as the in vitro studies of live microorganisms and their biological active compounds on various disease-causing organisms and their harmful metabolites.

Findings
– The paper is a brief review of recent findings about the health benefits of probiotic strains of microorganisms. The health effects of fermented food items were known since the time immemorial, but the actual cause of this was a mystery. Recent discoveries led to the author's knowledge about the mechanism through which they exert these curative effects which is either by competitive inhibition of harmful microbes in gut or by production of biological active compounds against disease-causing organisms and their harmful metabolites.

Originality/value
– Probiotics are commonly consumed as part of fermented foods which are produced with active live cultures, so various new types of these probiotic cultures can be introduced which can act as food as well as curative agents for treating and preventing various types of diseases at nominal costs.
In vitro effect of Lactobacillus rhamnosus
GG on reduction of aflatoxin B1
Authors: Rahnama Vosough Parya , Mohamadi Sani Ali , Mehraban Masoumeh , Karazhyan Reza 
Published: January 2014

Purpose
– Since a sound detoxification method is needed for controlling aflatoxin B1 (AFB1), as one of the most harmful mycotoxins in animal production and food industry, this study was performed. The paper aims to discuss these issues.

Design/methodology/approach
– This study was conducted to examine the ability of Lactobacillus rhamnosus strain GG to remove AFB1 from liquid media. The binding of AFB1 to Lb. rhamnosus
GG was studied for viable, heat-killed and acid-killed bacteria. AFB1 at concentrations (5, 10 and 20 μg/l) was added to the bacterial culture (109 cfu/ml) in MRS broth medium and incubated at 25°C for 4, 12 and 24 h. The aflatoxin-binding capacity of the strain was quantified by the amount of unbound AFB1 using ELISA technique.

Findings
– Results showed the AFB1-binding capacity of viable, heat-killed and acid-killed bacteria was about 43, 49 and 50 percent, respectively. The percentage of AFB1 removed was the highest amount in low (5 μg/l) and high (20 μg/l) concentrations, and there was no significant difference between them (p=0.05). These findings suggest that lactic acid bacteria can be exploited as an approach to detoxification of aflatoxins from foods.

Practical implications
– This method is safe because non-viable bacteria have more ability to remove toxin than viable bacteria, and also it is an effective method with 50 percent approximately toxin removal.

Originality/value
– Since there has been no research on the ability of this strain on the removal of AFB1, the authors assessed the ability of the strain in high levels of AFB1.
Digital library technology in J-ISIS: concept, implementation and comparison with GSDL
Authors: de Smet Egbert 
Published: January 2014

Purpose
– Although the new J-ISIS software from UNESCO, based on Berkeley DB and Lucene technology, complies with some of the technical requirements as seen necessary for digital library applications, an easy way of building collections so far was not available. The purpose of this paper is to give a report on some necessary DL technological requirements, such as the capability to deal with any metadata structure and alphabets and full-text indexing of documents of any length, and how J-ISIS can deal with these, as well as on the production of the DL interface for digital library applications based on Tika technology.

Design/methodology/approach
– A brief comparison is made with a well-established DL software, i.e. Greenstone Digital Library, regarding the concepts and performance.

Findings
– While using a quite different architecture and approach, the test shows that J-ISIS can process the documents faster and with more economical storage efficiency, inviting UNESCO to invest more into it in order to allow incorporation of some more advanced features like Greenstone's capability to process intra-document segments and images, but also to allow for new exciting features for digital libraries such as interactivity.

Research limitations/implications
– The research is based on the J-ISIS prototype implementation of digital library technology and could only be tested on a limited set of documents.

Practical implications
– Librarians interested in building digital library collections, esp. when doing this integrated with their library systems and catalogs, have a viable new option now within the FOSS-market.

Originality/value
– This is the first description on J-ISIS for digital libraries.
Academic quality management in teacher education: a Singapore perspective
Authors: Chong Sylvia 
Published: January 2014

Purpose
– Quality assurance and management is vital for the continuous improvement of the content, delivery and development of teacher education programmes. This paper seeks to explore theoretical issues and ideas in assessing the quality preparation of teachers in the Singapore context.

Design/methodology/approach
– An academic quality framework provides an architectural approach to optimizing quality processes, transitioning from a disjointed set of quality processes to an integrated workflow based upon established best practices.

Findings
– The architectural framework provided a systematic focus to develop and sustain the academic quality of the teacher development programmes. Quality change and developments occur through collaboration and learning. The emphasis is on quality management as a process-oriented strategy.

Originality/value
– There is a shift in paradigm from traditional models of programme evaluation to a systems approach that incorporate multi-dimensional models to impact administration, teaching and research in a teacher education institution. Thus Singapore's teacher education quality management should be considered beyond a set of measurement tools towards a systematic, scheduled and focused examination as a whole, as a process-oriented strategy.