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Institutional Efficiency, Entrepreneurship, and the Premises of Economic Development in the Eastern European Countries

streams successfully. Journal of European Integration, 41(2), 147-168. Berkowitz, P., Monfort, P., Pieńkowski, J. (2019) Unpacking the growth impacts of European Union Cohesion Policy: transmission channels from Cohesion Policy into economic growth. Regional Studies , 1-12. Boamah, J., Adongo, F. A., Essieku, R., Lewis Jr, J. A. (2018) Financial Depth, Gross Fixed Capital Formation and Economic Growth: Empirical Analysis of 18 Asian Economies. International Journal of Scientific and Education Research , 2 (04). Bolea, L., Duarte, R., Chóliz, J

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What Do Managers Think About the Success Potential of CRM Campaigns?

Responsibility and Donation size Claim Objectivity. Journal of Promotion Marketing, 15: 465-483. Maignan, I., Ferrell, O. C. (2004) Corporate Social Responsibility and Marketing: An Integrative Framework. Journal of the Academy of Marketing Science, 32: 3-19. Oldenburg, D. (1992) Big companies plug big causes for big gains. Business and Society Review, 83(4), 22–23. Polonsky, M. J., Macdonald, E. K. (2000) Exploring the link between CRM and brand building. International Journal of Nonprofit and Voluntary Sector Marketing, 5: 46–57. Polonsky, M. J

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The Inflation-Growth Relationship in SSA Inflation-Targeting Countries

) “Short-run and long-run inflation and economic growth in Ghana”, Ghana Journal of Development Studies , 11(2), 32-49. Ahortor C., Adenekan A. and Ohemeng W. (2010) “An estimate of inflation threshold in the WAMZ: The case of Ghana and Nigeria”, Journal of Monetary and Economic Integration , 11(2), 150-201. Ayisi R., Minlah M., Adu J. and Sam V. (2013) “Inflation and growth nexus in Ghana: The inflation threshold for Ghana re-visited”, Retrieved from: http://dx.doi.org/10.2139/ssrn.2329391 Behera J. and Mishra A. (2016) “Inflation and economic

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Competitiveness Through the Integration of Logistics Activities in SMEs

. The impact of supply chain management practices on competitive advantage and organizational performance. Omega, 34, 107-124. Liao, K., Marsillac, E., Johnson, E., Liao, Y. 2011. Global supply chain adaptations to improve financial performance: supply base establishment and logistics integration. Journal of Manufacturing Technology Management, 22(2), 204-222. Liao, T.Y. 2018. Reverse logistics network design for product recovery and remanufacturing. Applied Mathematical Modelling , 60, 145-163. Ling-Yee, L., Ogunmokun, G.O. 2008. An empirical

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An Analysis of the Effectiveness of Interest Rates to Facilitate Price Stability and Economic Growth in South Africa

es Salaam. (Dissertation – MA). Lardic, S., Mignon, V. (2003) Fractional co-integration between nominal interest rate and inflation: An examination of the Fisher relationship in G7 countries. Economic Bulletin , 3(14), 1-10. Lewis, M. K, Mizen, P. D. (2000) Monetary economics. Oxford University Press. New York, USA. Lin, S., Ye, H. (2007) Does inflation targeting really make a difference? Evaluating the treatment effect of inflation targeting in seven industrial countries. Journal of Monetary Economics , 54 (8), 2521-2533. Lin, S., Ye, H

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Automating Forward and Reverse Supply Chains in the Context of Industry 4.0

., Schrauf, S. (2016). A Strategist’s Guide to Industry 4.0: Global businesses are about to integrate their operations into a seamless digital whole, and thereby change the world.. Strategy and Business . Giovannucci, A., Cerquides, J., Rodríguez-Aguilar, J. (2010). Composing supply chains through multiunit combinatorial reverse auctions with transformability relationships among goods. IEEE Transactions on Systems, Man, and Cybernetics - Part A: Systems and Humans, 40(4), 767-778. Giovannucci, A., Vinyals, M., Rodriguez-Aguilar, J., Cerquides, J. (2008

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Involuntary Unemployment in a Neoclassical Growth Model with Public Debt and Human Capital

Abstract

Even more than eight decades since the publication of Keynes’ “General Theory of Employment, Interest, and Money” modern macroeconomists disagree on the notion of “underemployment equilibrium” with so-called “involuntary unemployment”. While the majority of macro theorists trace involuntary unemployment back to frictions and rigidities in the adaptation of wages and output prices to market imbalances, a minority position holds that even under perfectly flexible output prices and wage rates involuntary unemployment might occur. Morishima in “Walras’ Economics” and more recently Magnani presume that contrary to the majority view aggregate investment is not perfectly flexible but governed by “animal spirits” of investors. The aim of the present paper is to integrate the Morishima-Magnani approach into a Diamond-type overlapping generations’ (OLG) model with internal public debt subsequently extended by human capital accumulation. It turns out that in spite of perfectly flexible real wage and interest rate involuntary unemployment occurs in intertemporal general equilibrium when aggregate investor sentiments are too pessimistic regarding the rentability of investment in real capital. In the model extended by human capital a higher public debt to output ratio decreases unambiguously involuntary unemployment, if initially the endogenous output growth rate is higher than the real interest rate.

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The Effect of Exchange Rate Movements and Economic Growth on Job Creation

Abstract

Job creation is at the centre of economic development and remains a source of sustenance for social and human relations. The creation of a job-enabling economic environment is imperative in promoting social and economic cohesiveness in the macro and microeconomic environment. Any shocks to the economy, particularly those of exchange rate shocks and changes in economic growth, may negatively affect the labour market and job creation. This study made use of quarterly observations, from the first quarter of 1995 to the fourth quarter of 2015, to investigate the effect of the real exchange rate and economic growth on South Africa’s employment status. South Africa, a developing country, was selected as a case study due to its high unemployment rate that is still increasing. The Vector Autoregressive (VAR) model and multivariate co-integration techniques were used in assessing the impact and responsiveness of employment to the real exchange rate and real economic growth in South Africa. Findings of this study revealed that employment responds positively to economic growth and negatively to the real exchange rate in the long-run. The short-run displays a positive relationship between real economic growth and employment, while the relationship between employment and the real exchange rate is also negative. However, the effect of economic growth in creating jobs is not significant enough in stimulating job creation in South Africa, as indicated by results in variance decomposition. Movements in the exchange rate exerted a significant short and long-run negative effect on employment dynamics; implying that a depreciation of the rand against the U.S. dollar is associated with decrease in overall employment. Exchange rate stability is thus important for economic growth and job creation in South Africa. The study provided further recommendations on promoting job creation in South Africa and other developing countries.

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The FDI-Growth Nexus in South Africa: A Re-Examination Using Quantile Regression Approach

Statistical Association , 74(366), 427-431. Domar D.E. (1946), Capital expansion, rate of growth and employment, Econometrica , 14(2), 137-147. Dunning J (1973), The Determinants of International Production, Oxford Economic Papers , 25, 289-336. Engle R. and Granger C. (1987), Co-integration and error correction: Representation, estimation and testing, Econometrica , 55(2), 251-276. Esso L. (2010), Long-run relationship and causality between foreign direct investment and growth: Evidence from ten African countries, International Journal of

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The 20 Keys Methodology – Continuous Improvement for Organizational Efficiency

References Antony, J. (2011) Six Sigma vs Lean: Some Perspectives from Leading Academics and Practitioners, International Journal of Productivity and Performance Management, 60 (2): 185–190. Arnheiter, E.D., Maleyeff, J. (2005) Research and concepts: the integration of Lean management and Six Sigma, The TQM Magazine, 17 (1): 5–18. Atkinson, P. (2004) Creating and Implementing Lean Strategies, Management Services, 2, 18–22. Batsleer. J. (2011) 20 keys to workplace improvement. Available at: http

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