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Item type:Publication, Locational factors and the reindustrialisation process in the USA; Reshoring from China(Inderscience Publishers, 2020-01-01)The main goal of this paper is to analyse the influence of locational factors on the reindustrialisation process in the USA through reshoring from China. The applicability of traditional location theories and their locational factors are also examined here. This paper evaluates the development of labour cost, agglomeration effect, land cost, and raw material cost over recent years as factors encouraging the reindustrialisation process. Transportation cost and the impact of political institutions offer contrasting pictures. While high intermodal freight costs in the US and an appreciating Yuan promote the reindustrialisation process, low ocean shipping costs and enormous business incentives in China weaken the positive effects. All in all, it is concluded that most locational factors have changed in favourable ways for the USA and thus made manufacturing in the USA comparatively more attractive. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The shadow economy and sustainable development: The role of financial development(John Wiley and Sons Ltd, 2020-08-01)Abstract This paper provides fresh evidence concerning the threshold relationship between the shadow economy and financial development. Shadow economy is quoted as an obstacle to sustainable development and therefore the role of financial development is examined in this paper to tackle the issue of shadow economy. It is based on panel data of 29 developed and developing countries over the period of 1975–2015 and use of panel threshold model. Three proxies for financial development—liquid liabilities, private credit to deposit money banks, and stock market capitalisation—were utilised to obtain the threshold value of US$33,600 Gross Domestic Product (GDP) per capita. This threshold helps to determine the impact of financial development on the size of the shadow economy. Empirical results suggest that above this threshold, financial development significantly contributes to the reduction in size of the shadow economy while it has no impact for countries that have per capita income below this threshold. This implies that, countries with lower per capita income (below $33,600) should implement policies to improve accessibility to finance and credit market which leads to a sufficiently higher per capita income that in turn allows for a reduction in the size of the shadow economy. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The way to sustainable development through income equality: The impact of trade liberalisation and financial development(John Wiley and Sons Ltd, 2020-07-01)Abstract The main aim of this paper is to examine the threshold impact of financial development and trade liberalization on income inequality as a measure of sustainable development in a sample of developed and developing countries using panel threshold analysis. Two major dimensions of financial development are considered: liquid liabilities and stock market capitalization. The empirical results revealed that financial development reduces income inequality only in countries where their GDP per capita is above ~US$11,000. It has no significant impact in reducing inequality in developing countries. This implies that institutional reforms in less developed and developing countries are necessary in order to reap the gains from financial development. Trade liberalization is found to have a positive impact on income inequality for both country groups—that is, trade benefits have worsened the income distribution. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Why we intend to act for good: Life as the bridge from light and dark personality to social entrepreneurial intention(Elsevier BV, 2026-08-01)How do personality-based ethical orientations shape individuals' sense of purpose and their intentions to engage in prosocial venture creation? Drawing on Social Cognitive Career Theory (SCCT), this study examines the moral and psychological foundations of social entrepreneurial intention — a prosocial behavioral intention — using data from 29 countries (N = 8003). We test how two contrasting sets of personality traits, the Light Triad (faith in humanity, humanism, Kantianism) and the Dark Triad (Machiavellianism, psychopathy, narcissism), influence individuals' sense of life purpose and, in turn, their intention to engage in social entrepreneurship. Results show that Light Triad traits enhance life purpose and foster stronger social entrepreneurial intentions, whereas Dark Triad traits reduce life purpose and weaken such intentions. Narcissistic women, however, report higher social entrepreneurial intentions than men. By identifying personality- and purpose-based antecedents of a prosocial behavioral intention — long a central object of inquiry in environmental psychology as a precursor of sustainable behavior — these findings advance the psychology of moral engagement and offer implications for how virtue and vice translate into prosocial action in organizational and societal contexts.