Spatial Integration in the Spanish Mackerel Market

This article analyses the potential links between regional first‐sale markets for mackerel in Spain using fractional cointegration techniques. The results indicate that this is not an integrated market, and we demonstrate that there are no links, at least in the long term, between any of Spain's five regional markets. This result has significant implications in policy terms, as local, regional and European authorities must take into account the need to apply distinct local policies.     

Technical Progress and Its Fruits: The Idea of Development in the Works of Raul Prebisch

The Seventeenth Communist Party National People's Congress in 2007 declared, for the first time, that the Chinese government would create conditions and opportunities to promote property income growth in order to enhance common prosperity. This new policy on the one hand helps to garner support for the further financial reform in China; but on the other hand, it entails potentially adverse impacts on economic equality in China, given the current configuration of income and wealth distribution, uneven process of financial development and other socio-economic structures. Employing the Institutionalist theory on property and distribution, this paper explores the impacts of institutions and institutional changes in the financial system on income and wealth inequality in China.     

Trade openness,income levels,and economic growth: The case of developing countries, 1970–2009

This paper attempts to investigate the extent to which trade openness has had an impact on the levels of income and rates of growth in a sample of 115 developing countries for the period 1970–2009. Additionally, to assess whether there is an income level threshold for a country to benefit from international trade, the sample is broken down into three mutually exclusive groups of countries: low-income, lower middle-income, and upper middle-income countries. The main novelty of the paper lies on the use, on the one hand, of a new and better trade openness measure and, on the other hand, of non-stationary heterogeneous panel cointegration techniques to cope with the problem of cross-sectional dependence. The results show a positive bi-directional relationship between trade openness and income level in the long run, thus suggesting that trade openness is both a cause and a consequence of the level of income. The results for the short run, that is, the link between openness growth and economic growth, go in the same direction.     

UNCOVERED INTEREST PARITY IN ARGENTINA, BRAZIL, CHILE, AND MEXICO: A UNIT ROOT TEST APPLICATION WITH PANEL DATA

The aim of this study was to test uncovered interest parities for Argentina, Brazil, Chile, and Mexico, for the January 1990–December 2001 period, with the use of the rational expectation hypothesis. We also intend to evaluate the degree of mobility of foreign capital in these political jurisdictions, using panel data estimations, with unit root tests proposed by Levin and Lin (1992) , and Im, Pesaran and Shin (1997) . The econometric results indicate the rejection of uncovered interest parity (UIP), for the period under study, for the group consisting of Argentina, Brazil, Chile, and Mexico. However, the UIP hypothesis is not rejected for the group consisting of Argentina, Chile, and Mexico for the January 1991–December 2000 period.     

Assessing the Effect of Personal Cultural Orientation on Brand Equity and Revisit Intention: Exploring Destination Branding in Latin America

ABSTRACT

Despite a growing body of work on destination branding, there are few studies to look at culture at the individual level and examine the potential impact of personal cultural orientation on destination brand equity. Based on Social Identity Theory, this study investigates tourists' personal cultural orientation (independent vs. interdependent) and its effect on destination brand equity (destination brand image, destination brand value, and destination brand quality) and revisit intention. All data were collected in Quepos, Costa Rica, using both person-administrated and online surveys. Results of this study reveal that personal cultural orientation impacts the destination brand image, destination brand value, and destination brand quality. In addition, the destination's brand value is positively related to the revisit intention. The theoretical and practical implications, as well as the future research directions, conclude the article.     

现代各种不同的维修管理(续)

4．Campbell（1998）也构建了一个维修管理结构，如图2所示，维修管理方法，对每项资产必须从制订o fan战略开始，并允分地与业务计划相结合同时，初期与HR有关的各方面都很重要，并要求在化方面产生变化一其次，在整个寿命周期内，企业应该能控制增益和保证资产的生产率、这可以通过实施CMMS，维修功能测定系统，规划和计划各项维修活动等来做到。这可以按照不同的策略，根据这些资产对企业贡献的大小和风险程度来完成：在这些策略中，Campbell提出包括下列各项内容：①运行到失效为止；②增加备份装置；③按计划更换；④按计划大修理；⑤针对某一问题而进行的专项维修（ad hocmaintenance）；⑥预防维修（按使用年数或使用情况）；⑦状态维修（CBM）；⑧重新设计、     

(Non‐)Participation in deliberation at work: a case study of online participative decision‐making

Social media are implemented by organisations to enhance productivity and knowledge sharing among employees, but they can also support group deliberation and employee voice. This paper presents a case study of an online deliberation initiative involving the discussion of a contentious internal policy within an organisation of around 550 knowledge workers. The deliberation process lasted 5 weeks and actively involved 167 employees. Different sources of information (user interaction logs, activity patterns, questionnaire responses) were analysed to investigate the impact of participation, or non‐participation, on the level of satisfaction with the deliberation, and on the understanding of the issue discussed. The findings suggest that (1) interest is a driver for participation, but it does not explain active participation, (2) participation, either active or passive, positively influences the understanding of the issue and (3) satisfaction with the outcome is not related to participation, but it may support participation in future initiatives.     

The Direct and Indirect Effects of Self‐Efficacy on Salespeople's Emotional Exhaustion and Work‐Family Conflict: A Study Using the Job Demands‐Resources Model

This study integrates Social Cognitive Theory with the Job Demands‐Resources Model to examine self‐efficacy in relation to emotional exhaustion and work‐family conflict (WFC) in a sample of 192 employees. The results obtained through structural equation analysis show: a negative association between self‐efficacy and both work overload and emotional exhaustion; a positive relationship between work overload and both emotional exhaustion and WFC; that work overload mediates the relation between self‐efficacy and both emotional exhaustion and WFC; that role ambiguity moderates the relation of self‐efficacy with work overload; and that tenure in the sales territory moderates the relation of work overload with WFC. Copyright © 2018 ASAC. Published by John Wiley & Sons, Ltd.     

Do central banks affect Tobin's q?

Previous work has documented inflation effects on Tobin's q in the long run. This paper examines whether the FED's different policies and chairmen tenure have an impact on Tobin's q, after a modified stylized AD-AS model shows that central banks affect q. We do find changing responses of q depending on the pre-Volcker and post-Volcker periods.