RETRACTED ARTICLE: Two decades of the Journal of Marketing Channels: Impacting the present and directing the future of marketing channel research

Abstract

We, the Publisher of Journal of Marketing Channels, have retracted the following article:

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Zemanek Jr., J. E., Taylor, E. C., Tran, T. P., & Loomis, D. C. (2019). Two decades of the Journal of Marketing Channels: Impacting the present and directing the future of marketing channel research. Journal of Marketing Channels. Advance online publication. doi:10.1080/1046669X.2019.1647914

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This article has been retracted as it was published in error by the publisher whilst still in the peer review process. The authors have been notified of the retraction.

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We have been informed in our decision-making by our policy on publishing ethics and integrity and the COPE guidelines on retractions.

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The retracted article will remain online to maintain the scholarly record, but it will be digitally watermarked on each page as “Retracted.”     

How efficient is the banking system of Asia’s next economic dragon? Evidence from rolling DEA windows

Vietnam is now widely regarded as a rising economic star and the next economic dragon of Asia. Its banking system has played a key role in this stellar economic performance. Since 1990, Vietnam’s banking system has undergone significant changes which saw its composition transformed from being state banks only to now being both state as well as private banks, and has performed generally well in terms of growth, profitability and stability. But is it efficient? We conduct a dynamic analysis of the level and trend of the cost and profit efficiency of the Vietnamese banking sector over the period 1995 to 2011 taking into account the Asian and Global Financial crises. We use the Data Envelopment Analysis (DEA) Windows Analysis approach and adjust for bank size in calculating the average efficiency score of the banking system. Our empirical findings show that the cost and profit efficiency of the Vietnamese banking system averaged around 0.90 and 0.75, respectively, with the state banks being more efficient than the private banks and with efficiency experiencing an upward trend over the analysis period. Moreover, we find that the Global Financial Crisis (GFC) and Asian Financial Crisis (AFC) did not significantly affect the efficiency of the whole Vietnamese banking system.     

The dynamics of phase farming in dryland salinity abatement

In Australia, soil salinisation has become a major concern. One way to deal with the problem is for farmers to plant trees or regenerate native bush. However, doing so raises several questions which involve optimal switching times, when switching involves a cost in the form of up-front investments. Optimality conditions are derived for the three-stage problem, and applied to dryland salinity control in Western Australia. Optimal management practices are found to be very sensitive to farmers' discount rates and to the speed at which the watertable rises or falls.     

New Asian Regionalism: Evidence on the Impact Ofthe Asean +3 Free Trade Agreement on Its Member Countries

The emergence of new Asian regionalisms such as ASEAN+3 (10 ASEAN countries plus China, Korea and Japan) and other bilateral, plurilateral and multilateral free trade agreements in recent years requires research into these important developments and their underlying fundamental trade-growth causation. Popular existing methodologies such as the CGE/GTAP, gravity theory and panel regression (Dollar and Kraay, 2004) may be inappropriate due to their limited scope, heavily calibrated structure, cross-section data or non-simultaneity features (see also other criticisms in Productivity Commission Report, 2003). The paper extends the gravity theory to time-series data and applies a new flexible modelling approach to construct a simultaneous-equation model of trade and growth for the ASEAN and the East Asia 3. Using data from the World Bank national accounts and CHELEM regional and international trade over the period 1968–2000, the paper then estimates the model by both standard (OLS and 2SLS) and improved Stein-like (2SHI) estimation methods to provide superior MSE impact estimates. Implications of the findings for ASEAN+3’s economic integration, trade policy and prospects for trade and welfare improvement for this important regional FTA will also be discussed.

     

Long-Run Economic Performance and the Labor Market

This article uses a simple variation of the Solow model to study the interrelations between economic growth and the labor market. We show, both analytically and empirically, that income and capital per worker in the steady state depend positively on flexibility of the labor market; that the steady-state unemployment rate depends positively on the rate of population growth and the productivity growth rate and negatively on the savings rate and flexibility of the labor market; and, finally, that labor market flexibility affects convergence toward steady state.     

Adaptive permutation tests for serial independence

Permutation tests for serial independence using three different statistics based on empirical distributions are proposed. These tests are shown to be consistent under the alternative of m‐dependence and are all simple to perform in practice. A small simulation study demonstrates that the proposed tests have good power in small samples. The tests are then applied to Canadian gross domestic product (GDP data), corroborating the random‐walk hypothesis of GDP growth.     

Turnover in U.S. Agricultural Labor Markets

Agricultural workers move in and out of agriculture frequently. Migration between types of jobs takes relatively little time. Legal female workers tend to stay out of the U.S. labor market longer once they stop being employed and their access to jobs outside of agriculture is more limited than that of their male counterparts. Predictions made when the 1986 Immigration Reform and Control Act was passed that granting people amnesty would induce most of them to leave agriculture were incorrect.     

Exclusive versus inclusive devolution in forest management: Insights from forest land allocation in Vietnam's Central Highlands

The devolution of forest management is high on the agenda in international forest policy. Devolution is generally conceived as a policy that aims to include a more diverse set of actors in forest management. One of the most problematic outcomes of devolution policies, therefore, is their tendency to exclude the claims of some local actors. This paper examines the exclusionary effects of devolutions in settings characterized by overlapping state and customary regulations and links these effects to exclusive notions of property and governance contained in particular devolution policies. The paper draws on insights gained in a pilot initiative of forest devolution in Vietnam's Central Highlands. Forest land allocation, as the initiative is called in Vietnam, took an exclusive approach to devolution by assigning ownership-type rights on forest to local actors, obliging those to protect the forest against encroachment by other actors, and centering governance in the state. In this particular case, exclusive devolution failed to diminish the gap between state and customary regulations, created conflicts among local actors, and contributed to forest loss. The unintended outcomes of exclusive devolution suggest the need for an inclusive approach to devolution that accommodates diverse kinds of overlapping claims made by multiple actors. The key elements of inclusive devolution are proprietary but not ownership rights granted to individual users and nested governance relations involving state and customary actors.     

All in the Mind: Citizen Satisfaction and Financial Performance in the Victorian Local Government System

While a significant body of literature exists on local government efficiency, much less is known about its effectiveness, especially financial performance and resident satisfaction. To address this gap in the empirical literature, the present paper uses system‐wide official annual data on resident satisfaction in the Victorian state local government system in Australia to investigate the relationship between annual net operating results and overall citizen satisfaction. In addition, in order to garner a deeper understanding of this relationship, we evaluated the assumption in the ‘near‐to‐zero balance’ public accounting literature that local residents prefer an insignificant annual balance in operating performance compared to substantial annual losses or surpluses. We found that there is a significant negative association between overall satisfaction and its components and financial performance for Victorian local government as a whole. However, this association is largely restricted to rural councils with surpluses. By contrast, we find no relationship between satisfaction and near‐to‐zero balances. We conclude by considering the implications of our findings for both the public accounting literature and local government policymaking.