Powiadomienia systemowe
- Sesja wygasła!
Tytuł artykułu
Treść / Zawartość
Pełne teksty:
Identyfikatory
Warianty tytułu
Nieliniowy wpływ produkcji tekstyliów i odzieży na wzrost gospodarczy: przypadek największych gospodarek azjatyckich
Języki publikacji
Abstrakty
The potential contribution of the textile sector is not limited to the local economy but it also represents a country’s image in the global market. It carries the initial boom for most emerging nations in their journey towards improved economic growth. The present study employs Quantile on Quantile regression, which is a unique methodology and has the tendency to establish the relationship between variables that are non-linear in nature across various quantile distributions. Moreover, the method stated helps in explaining the asymmetric response in the quantiles of economic growth of the countries studied caused by the quantiles of the textile and clothing industry. The quarterly data ranges from 1990 to 2018, and findings therefrom endorse the presence of a positive relationship between TTC and economic growth in all Asian Countries studied. In addition to this, the direction of the relationships in the quantiles was also evaluated by Granger causality, which revealed the presence of bidirectional causal effects in all countries, excluding Japan, Pakistan and Turkey, where it was found as uni-directional. Lastly, based on the findings, the government and policy making institutions are recommended for the introduction of certain programs thatwill incentivize and provide subsidies to potential investors, thus relaxing the competition for new entrants in the TTC sector.
Potencjalny wkład sektora tekstylnego nie ogranicza się do lokalnej gospodarki, ale reprezentuje również wizerunek kraju na rynku światowym. Niesie to początkowy rozkwit większości krajów wschodzących na ich drodze do lepszego wzrostu gospodarczego. W badaniu zastosowano metodę regresji kwantylowej, która jest unikalną metodologią i ma tendencję do ustalania relacji między zmiennymi o nieliniowym charakterze w różnych rozkładach kwantyli. Podana metoda pomaga ponadto w wyjaśnieniu asymetrycznej odpowiedzi w kwantylach wzrostu gospodarczego badanych krajów spowodowanej przez kwantyle przemysłu tekstylno-odzieżowego. Dane kwartalne obejmują okres 1990-2018, a ustalenia z tych lat potwierdzają istnienie pozytywnego związku między TTC a wzrostem gospodarczym we wszystkich badanych krajach azjatyckich. Oprócz tego, kierunek relacji w kwantylach został również oceniony przez przyczynowość Grangera, która ujawniła obecność dwukierunkowych efektów przyczynowych we wszystkich krajach, z wyjątkiem Japonii, Pakistanu i Turcji, gdzie stwierdzono je jako jednokierunkowe. Na podstawie ustaleń, zaleca się instytucjom rządowym i tworzącym politykę wprowadzenie pewnych programów, które będą motywować i zapewniać dotacje potencjalnym inwestorom, łagodząc w ten sposób konkurencję dla nowych podmiotów w sektorze TTC.
Czasopismo
Rocznik
Strony
27--36
Opis fizyczny
Bibliogr. 47 poz., rys., tab.
Twórcy
autor
- Taylor’s University, Taylor’s Business School, Lakeside Campus, Jalan Taylors, Subang Jaya 47500, Malaysia
- University of Economics and Human Sciences in Warsaw, ul. Okopowa 59, 01-043 Warsaw, Poland
autor
- Taylor’s University, Taylor’s Business School, Lakeside Campus, Jalan Taylors, Subang Jaya 47500, Malaysia
autor
- Czestochowa University of Technology, Management Faculty, Czestochowa, Poland
- Chulalongkorn University, Social Research Institute, Bangkok 10330, Thailand
Bibliografia
- 1. Rahman A. Impact of Foreign Direct Investment on Economic Growth: Empirical Evidence from Bangladesh. International Journal of Economics and Finance 2015; 7(2): 178-185.
- 2. Hum SH. Industrial Progress and the Strategic Significance of JIT and TQC for Developing Countries. International Journal of Operations & Production Management, 1991, 11(5), 39-46.
- 3. Craig IK, Henning RGD. Evaluation of Advanced Industrial Control Projects: A Framework for Determining Economic Benefits. Control Engineering Practice 2000; 8 (7): 769-780.
- 4. Makinde DO, Fajuyigbe MO, Ajiboye OJ. Nigerian Textile Industry: A Tool for Actualising Economic Stability and National Development. European Journal of Business and Social Sciences 2015; 4(8), 331-344.
- 5. Keane J, te Velde DW. The Role of Textile and Clothing Industries in Growth and Development Strategies. Overseas Development Institute 2008; 7.
- 6. Nicita A, Razzaz S. Who Benefits and How Much? How Gender Affects Welfare Impacts of a Booming Textile Industry. The World Bank, 2003.
- 7. Jauch H, Traub-Merz R. The Textiles and Clothing Industry in Kenya 2006. Retrieved from: https://library.fes.de/pdffiles/iez/03796/11kenya.pdf
- 8. Rahman RI, Islam KN. Employment Poverty Linkages: Bangladesh. Issues in Employment and Poverty Discussion Paper, 2003; 10. Retrieved from: http://www.oit.org/wcmsp5/groups/public/@ed_emp/documents/publication/wcms_120733.pdf
- 9. Tsang WY, Au KF. Textile and Clothing Exports of Selected South and Southeast Asian Countries: A Challenge To NAFTA Trading. Journal of Fashion Marketing and Management: An International Journal 2008; 12(4): 565-578.
- 10. Deane PM. The First Industrial Revolution. Cambridge University Press, 1979.
- 11. Stobart J. The First Industrial Region: North-West England, 2013c. 1700-60.
- 12. O’brien P, Griffiths T, Hunt P. Political Components of the Industrial Revolution: Parliament and the English Cotton Textile Industry 1991; 1660-1774. Economic history review, 395-423.
- 13. Sullivan R J. The Revolution of Ideas: Widespread Patenting and Invention during the English Industrial Revolution. Journal of Economic History 1990; 50(2), 349-362.
- 14. Williamson JG. Migrant Selectivity, Urbanization, and Industrial Revolutions. Population and Development Review 1988; 287-314.
- 15. Ucak A. Adam Smith: The Inspirer of Modern Growth Theories. Procedia-Social and Behavioral Sciences 2015; 195, 663-672.
- 16. Smith A, Copley S, Sutherland K. Adam Smith’s Wealth of Nations: New Interdisciplinary Essays (Vol. 1). Manchester University Press, 1995.
- 17. Hutchison T. Adam Smith and the Wealth of Nations. The Journal of Law and Economics 1976; 19(3): 507-528.
- 18. Ahmad N, Kalim R. Assessing Impact of Quota Elimination on Factor Productivity Growth of Textile Sector of Pakistan. Journal of Applied Economics and Business Research 2016; 6(1): 73-92.
- 19. Strielkowski W, Tcukanova O, Zarubina Z. Globalization and Economic Integration: The Role of Modern Management. Polish Journal of Management Studies 2017; 15(1), 255-261.
- 20. Szirmai A, Verspagen B. Manufacturing and Economic Growth in Developing Countries, 1950–2005. Structural Change and Economic Dynamics 2015; 34, 46-59.
- 21. Khan Khizra Safdar, Siddiqi Muhammad Wasif. Impact of Manufacturing Industry on Economic Growth in Case of Pakistan: A Kaldorian Approach (May 4, 2011). Available at SSRN: https://ssrn.com/abstract=1926783
- 22. Jarmin RS. Evaluating The Impact of Manufacturing Extension on Productivity Growth. Journal of Policy Analysis and Management 1999; 18(1), 99-119.
- 23. Gollin D. Agricultural Productivity and Economic Growth. Handbook of Agricultural Economics, 2010; 4: 3825-3866.
- 24. Gollin D, Parente S, Rogerson R. The Role of Agriculture in Development. American Economic Review 2002; 92(2): 160-164.
- 25. Block SA. Agriculture and Economic Growth in Ethiopia: Growth Multipliers from a Four-Sector Simulation Model. Agricultural Economics 1999; 20(3): 241-252.
- 26. Meersman H, Nazemzadeh M. The Contribution of Transport Infrastructure to Economic Activity: The Case of Belgium. Case Studies on Transport Policy 2017; 5(2): 316-324.
- 27. Achour H, Belloumi M. Investigating the Causal Relationship between Transport Infrastructure, Transport Energy Consumption and Economic Growth in Tunisia. Renewable and Sustainable Energy Reviews 2016; 56: 988-998.
- 28. Khadaroo J, Seetanah B. Transport and Economic Performance: The Case of Mauritius. Journal of Transport Economics and Policy (JTEP) 2008; 42(2): 255-267.
- 29. Betz MR, Partridge MD, Farren M, Lobao L. Coal Mining, Economic Development and the Natural Resources Curse. Energy Economics 2015; 50: 105-116.
- 30. Deller S. Does Mining Influence Rural Economic Growth? Journal of Regional Analysis and Policy 2014; 44(1100-2016-90139): 36-48.
- 31. Deller SC, Schreiber A. Mining and Community Economic Growth. Review of Regional Studies, 2012; 42(2): 121-141.
- 32. Batuo ME. The Role of Telecommunications Infrastructure in the Regional Economic Growth of Africa. The Journal of Developing Areas 2015; 49(1): 313-330.
- 33. Chavula HK. Telecommunications Development and Economic Growth in Africa. Information Technology for Development 2013; 19(1): 5-23.
- 34. Islam MM, Khan AM, Islam MM. Textile Industries in Bangladesh and Challenges of Growth. Research Journal of Engineering Sciences 2013; 2(2): 31-37.
- 35. Hasan KF, Mia MS, Rahman MM, Ullah AA, Ullah MS. Role of Textile and Clothing Industries in the Growth and Development of Trade & Business Strategies of Bangladesh in the Global Economy. International Journal of Textile Science 2016; 5(3): 39-48.
- 36. Chan EM, Au KF, Sarkar MK. Antecedents to India’s Textile Exports: 1985-2005. International Journal of Indian Culture and Business Management 2008; 1(3): 265-276.
- 37. Cuyvers L, Soeng R, Van den Bulcke D. Foreign Direct Investment and Development of Least Developed Countries: The Case of Cambodia’s Textile, Garment, Furniture, Transportation and Tourism Industries, 2006. Retrieved from: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.560.1144&rep=rep1&type=pdf.
- 38. Hanif MN, Jafri SK. Financial Development and Textile Sector Competitiveness: A Case Study of Pakistan. South Asia Economic Journal 2008; 9(1): 141-158.
- 39. Chan EM, Au KF, Sarkar MK. Antecedents To India’s Textile Exports: 1985? 2005. International Journal of Indian Culture and Business Management 2008; 1(3): 265-276.
- 40. Vu HT, Pham LC. A Dynamic Approach to Assess International Competitiveness of Vietnam’s Garment and Textile Industry. SpringerPlus 2016; 5(1), 203.
- 41. Sharma M, Dhiman R. Determinants Affecting Indian Textile Exports: A Review. Biz Bytes J Manag Technol 2016; 6, 193-199.
- 42. Tandon and Reddy. A Study on Emerging Trends in Textile Industry in India. International Journal of Advancements in Research & Technology 2013; 2(7): 267-276.
- 43. Sim N, Zhou H. Oil Prices, US Stock Return, and the Dependence Between Their Quantiles. Journal of Banking & Finance 2015; 55: 1-8.
- 44. Troster V, Shahbaz M, Uddin GS. Renewable Energy, Oil Prices, and Economic Activity: A Granger-Causality in Quantiles Analysis. Energy Economics 2018; 70: 440-452.
- 45. Sanusi KA, Meyer D, Ślusarczyk B. The Relationship Between Changes in Inflation and Financial Development. Polish Journal of Management Studies 2017; 16(2): 253-265.
- 46. Haque UA, Kot S, Imran M. The Moderating Role of Environmental Disaster in Relation to Microfinance’s Non-Financial Services and Women’s Micro-Enterprise Sustainability. Journal of Security and Sustainability Issues 2019; 8(3): 355-373.
- 47. Meyer N, Hamilton L. Female Entrepreneurs’ Business Training and Its Effect on Various Entrepreneurial Factors: Evidence from a Developing Country. International Journal of Economics and Finance Studies 2020; 12(1): 135-151.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-4ae1fe1e-9b19-4735-a256-803fb3a8670e