Business, Management and Economics Research
Online ISSN: 2412-1770
Print ISSN: 2413-855X
Print ISSN: 2413-855X
Quarterly Published (4 Issues Per Year)
Volume 8 Number 2 June 2022
Purchasing Power Gap and Consumer Resilience: An Empirical Investigation with Australia, Germany, Japan, and the United States
Authors: A. Désiré Adom
Recent developments in the world in the aftermath of the COVID pandemic have generated never before seen challenges and hardship to consumers since the Great Depression. This context has raised interest in the resilience of consumers across the globe. This research project conducts an empirical reflection on the matter with a focus on developed nations of Australia, Germany, Japan and the United States. A framework including impulse response functions along with data spanning from 1980 to 2020 is considered. Findings show that innovations to purchasing power gaps of consumers in Australia, Japan and the United States are essentially absorbed within four years. However, it takes much longer in Germany as these innovations mostly dissipate within six years. This suggests that German consumers exhibit relatively weaker resilience than their counterparts in Australia, Japan, and the United States. The paper further argues that a combination of policies geared toward propping up aggregate demand and reinforcing the supply chain, both quantitatively and qualitatively, could prove to be effective in boosting consumer resilience.
Not Everything That Can Be Counted Counts, And Not Everything That Counts Can Be Counted”: Widening Gap between Scholars and Industry Practitioners in Nigeria
Authors: Ayozie Daniel Ogechukwu
It is now a song in Nigeria’s academic world to either published or perish”. it drives all faculty members and lecturers towards research and publication in reputable peer-reviewed “A” journals, Most especially in the universities. where the value of the publication is respected when it is in refereed “A” (4-star journals, preferably those which have achieved a very high reputation. This paper is to examine the extent to which academic research papers must inform, educate, contribute to knowledge and entertain the practitioners who are engaged in practicals, in either management or business work (industry practitioner). There is evidence in the western world of Europe, America, and Australiasia especially, and in Africa that our management and business journals are neither read nor recognized by the industry practitioners. This paper is a literature review and practical Research work which, recommends that continuous practical interaction between the lecturers and practitioners is more rewarding, and let the Academic research works of lecturers be used by industry practitioners and vice versa. Do the practitioners and government officials even read or consult management journals in Nigeria?. The consequence for academics and other writers is that if our papers are not read by practitioners in the subject area then there is no need to write them. We can use the research papers for professional career promotion in their place of employment, but should this be the only reason?. We must try to write and publish our papers to meet the demands of academically related journals and publications, which will further our careers, and also to use other outlets that are likely to be read by the industry practitioners. It is a somewhat difficult, but not an impossible task. The evidence from this paper especially from the United Kingdom will lay semblance to what is obtainable in Nigeria. The readership of academic work most likely is disappointingly exclusive to those in academia. That if a lecturer’s research writings must be useful, it must involve practical facts relevant to management managers, or industry practitioners who will invariably alter their reading habits to accommodate research writings. Managers must also contribute to research papers and journal articles, to make the journals attractive to bridge the marriage between the town and gown.
Can Digital Currencies Serve as Safe Havens in the Post-Covid Era?
Authors: A. Désiré Adom
The exponential growth of digital currencies in general and cryptocurrencies, in particular, has seemingly broken every record in the book. This has generated in the process a tremendous amount of interest in both developed and developing countries from scholars, academics, politicians, decision-makers and other stakeholders. Considering an applied methodology about asymmetric volatility with Exponential General Auto-regressive Conditional heteroscedasticity (EGARCH), this research work explores the fundamentals of the behavior of cryptocurrencies comparatively to a benchmark of key assets. To achieve its goal, this study uses two classes of assets. On the one hand, the first class (Class I) includes seven ̶ Bitcoin, Ethereum, Binance, Dogecoin, Tether, Ripple, and Cardano ̶ of the top 10 cryptocurrencies, which, as of July 2021, commanded more than $1.5 trillion in market capitalization. On the other hand, the second class (Class II) is comprised of three traditionally established, well-known and “safe” assets, namely, gold, the 3-month US treasury bill and the 30-year US treasury bond. Using thousands of datapoints, empirical findings regarding volatilities, returns, clustering and leverage effects of the two asset classes do not reveal any startling contrasts to warrant an outright dismissal of crypto-assets as viable repositories of purchasing power and value. However, the pace in the move towards a full “safe haven” status will hinge upon the introduction of a clear regulatory and legislative framework in the US and other major countries to instill more confidence and certainty about crypto assets in a post-Covid era.
Research on the Training Mode of Business Administration Talents Based on "Excellence Plan"
Authors: Liu Jingjing
With the gradual advancement of China’s educational reform, China’s higher education has changed from elite education to mass education, which leads to a series of problems. In order to improve the quality of business administration education in colleges and universities, change the talent training mode and train outstanding business administration talents, this paper takes the business administration major in Anhui University of Finance and Economics as an example, puts forward the main problems existing in its training mode, and puts forward corresponding solutions.