Jornal of Management, Economics and Industrial Organization

Number 3.2., 2019

1-15.
Can ICT Help Cambodian Students Become the Solution for Improving Education in the Country?

Authors: Riccardo Corrado, Robert E. Flinn, Patchanee Tungjan

Abstract

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Number of views: 716

We are entering the fourth industrial revolution and Cambodia needs to be ready. Technologies are changing not only the way we do things but our entire life. One of the spheres affected by this revolution is Education. “Education is the movement from darkness to light”, said Professor Allan Bloom, and Cambodia is still in the shadow. The low percentage of its Gross Domestic Product (GDP) doesn’t provide enough resources to all the schools and the young generations are affected by this. But, can Cambodia try to resolve this problem beginning from the resources it already has? Recognized theories and researches proofed the effectiveness of learning by teaching, so why Cambodia doesn’t use this as a resource and an opportunity? ICT can change and it is already changing education, and with the help of students, it can make the difference in the country. In this paper, we provide an overview of the education within the country, and we analyze the possibilities and issues that Cambodia can have and would face along the way of preparing itself for the fourth industrial revolution.

16-34.
The Impact of Monetary Policy on Economic Growth in Cambodia: Bayesian Approach

Authors: The Impact of Monetary Policy on Economic Growth in Cambodia: Bayesian Approach

Abstract

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Number of views: 384

This research paper aims to study the significance of monetary policy in the contribution to the economic growth of Cambodia. This study employs the data in the period of 2000-2018 consisting in total 19 years. Once the GDP of Cambodia is characterized as the limited dependent variable, the Tobit model is an appropriate model to be used. However, due to the limited data which only consists of 19 observations, this study uses Bayesian inference. The combination between Tobit model and Bayesian inference is known as Bayesian Tobit Model. The Bayesian Tobit Model with Markov chain Monte Carlo simulation uses Gibbs sampling to sample all conditional posterior distributions. The empirical results illustrate that money supply which represents the monetary policy tool is statistically indicated a positive correlation with GDP in Cambodia. Moreover, the inflation rate and exchange also revealed a positive relationship with GDP. The interest rate, on the other hand, is confirmed negatively insignificant with GDP which represents economic growth in Cambodia. Based on statistical results, the National Bank of Cambodia plays a vital role in authorizing the monetary policy in Cambodia.

35-47.
Theoretical Reviews of International Trade: Malaysia and China Exporting Goods in Asia

Authors: Wong Kok Yaw, Cheah Chee Keong

Abstract

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Number of views: 1441

International business is explained by many international trade theories. In this study, four important theories (i.e. Adam Smith’s Absolute Advantage Theory, Steffan Linder’s country similarity theory, Dunning’s Eclectic Theory and New Trade Theory) are applied on Malaysia and China on their exporting activities in Asian market to explain trends in business adequately. Malaysia is well-known as the world’s largest electrical and electronic exporters while China is the top hub for manufacturing exporting. Both countries are playing significant role in Asia trading activities. They are also contributing to the world economic through their exporting.

48-65.
Consumer Satisfaction Analysis Towards Chocolate-Based Product Using Importance Performance Analysis and Customer Satisfaction Index Method

Authors: Riska Septifani, Siti Asmaul Mustaniroh, Dio Rahmatri

Abstract

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Number of views: 665

Chocolate is a base product made from cacao-bean and cacao-fat. Chocolate industry in Indonesia has much improved. Indonesia has many cacao producer that produce many kinds of chocolate-based products, whether in industrial or home-industry scale. One of the chocolate-based product is Kampung Coklat Blitar. There are several chocolate-based products produced by Kampung Coklat Blitar. The aim of this research is about to find out all of the attributes that should be improved towards chocolate-based products in Kampung Coklat Blitar, using Importance Performance Analysis (IPA) and Customer Satisfaction Index (CSI) method. The data was collected from 120 respondents, who were customers of Kampung Coklat Blitar. 16 attributes were analyzed in this research. Calculation result using IPA method showed that attributes categorized into quadrant I (concentrate here) or main priority for improvement are size and volume, and also price. Attributes that are categorized into quadrant II (keep up the good work) or attributes that need to be maintained are taste, condition of raw material, expiration date information, and product durability. Attributes that are categorized into quadrant III (low priority) or second priority for improvement are nutrition facts, form, convenience to complaint, advertisement and promotion, product packaging, brand popularity, and product information. Lastly, attributes that are categorized into quadrant IV are variation, benefit, and content of preservative. Calculation result using CSI method showed that the CSI value or consumer satisfaction level is 75%. This value is in the range of 0,66 – 0,80, which means that consumers are satisfied with chocolate-based products produced by Kampung Coklat Blitar.

66-94.
Does Budget Deficit Impede Economic Growth? Evidence from Bangladesh

Authors: Md. Nurul Kabir Biplob

Abstract

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Number of views: 297

The purpose of this study is to investigate the impacts of budget deficit on economic growth in Bangladesh over the period of 1981-2017. This study employed the autoregressive distributed lag (ARDL) model to capture long-run cointegration along with long-run and short-run elasticity of the explanatory variables. Moreover, directional causalities between the variables used in this study have been checked using vector error correction model (VECM). The results of the analysis under ARDL model revealed that in case of Bangladesh, budget deficit positively affects economic growth both in long-run and short-run while government total expenditures lead to increase GDP only in long-run. These findings support the Keynesian proposition that budget deficits crowd-in private investments resulting economic growth. Furthermore, directional causality tests conducted using VECM explored unidirectional causality running from budget deficit to economic growth while feedback causality has been found between governments total expenditures and economic growth. For policy implications, this research provides evidence that in an emerging economy like Bangladesh, government spending through deficit financing can drive positively in the level of economic growth. Bangladesh, however, should not have the luxury of forgetting about the bad consequences of consistent and gradually increasing budget deficit at all.