Trade and market selection: Evidence from manufacturing plants in Colombia

We examine the link between trade liberalization and aggregate productivity, with a focus on improved market selection resulting from a reduction in trade barriers and in the dispersion of these barriers across producers. Our analysis exploits tariff changes across sectors after the Colombian trade reform. An additional advantage of our analysis is that our TFP measure does not include demand and price effects. We find that reduced trade protection makes plant survival depend more closely on productivity. Using a dynamic simulation, we find that enhanced selection increases aggregate productivity substantially. Trade liberalization also increases productivity of incumbent plants and improves the allocation of activity. We find larger effects on allocative efficiency with our TFP measure than with a traditional measure including price effects.     

The four Rs of place branding

Abstract

The purpose of this paper is to discuss the concept of ownership in relation to place branding and to establish a basis upon which the representation of a place as a brand can be developed. We suggest that a bottom-up approach based on the paradigm of co-creation should be taken to developing a place brand and that brand ownership is determined by the extent to which the representation of the place reflects the experience of the community. Such an approach, we believe, is essential to achieve authenticity (brand essence), commitment from stakeholders, and brand sustainability. Grounded in ethnographic research, this paper presents a model that structures the features of community ownership from a bottom-up perspective and proposes four fundamental elements of place branding that encapsulate the experience of the place: rights, roles, relationships, and responsibilities.     

The State of Leadership Studies

This article begins a symposium in the Journal of Leadership Studies on the subject of a formal review process for academic programs in leadership studies. The authors argue that such a process would be a way for the field to achieve more legitimacy in higher education, establish itself as a discipline, and delineate parameters of its intellectual distinctiveness. In so doing, the authors present a brief history of the development of leadership studies literature, a central question to theory building and program development, and common goals pursued by academic programs in leadership studies. Finally, the authors call for the development of standards that can help leadership programs expand their curricular and cocurricular initiatives to reflect the intellectual maturity of the field.     

Leadership Education Across Disciplines: The Social Science Perspective

The current article makes a distinction between pedagogical delivery and “disciplinary foundations” in our approaches to leadership studies. Although the liberal arts are helpful in the delivery of leadership content in the classroom, it is argued that the content, at its core, remains a social science enterprise. Therefore, leadership programs should help students understand how leadership works as a social phenomenon. The current article shows how the McDonough curriculum moves students beyond leadership training (with its focus on skill building), using a social science–based working definition of leadership. Leadership education provides the opportunity to organize the curriculum using the social science lenses. By moving the focus away from the leader and examining instead the complex interaction of multiple components, a deeper understanding of how leadership works under different contexts, influenced by a variety of societal norms and values can be obtained.     

The Roles of Procedural and Distributive Justice in Logistics Outsourcing Relationships

In this paper, the effects of two dimensions of justice—procedural and distributive—on key attitudinal and behavioral elements of logistics outsourcing relationships are investigated. The findings suggest that the fairness of policies adopted by a third‐party logistics provider (3PL) and respective outcomes nurtures a customer's trust in and long‐term orientation toward the relationship with a 3PL. In such a relationship climate, patterns of cooperative behavior take place, providing an incentive for a 3PL to proactively pursue operational improvements.     

Digitalisation as Enabler Towards a Sustainable Circular Economy in Germany

The increasing use of digital networking in complex industrial processes opens up new potential for more sustainability. This paper delivers the first empirical findings on the relevance of digitalisation for improving material efficiency in German industry based on a unique dataset including nearly 600 manufacturing firms. The survey results indicate that the opportunities of digital networking for increasing material efficiency are only being used to a limited extent thus far, primarily for traditional efficiency-raising measures optimising manufacturing processes.     

About optimal harvesting policies for a multiple species forest without discounting

We study the optimal harvesting of a mixed forest composed of multiple species, each one having a different maturity age, where only mature trees can be harvested. We prove the existence of an optimal program and the equivalence of maximal, optimal and minimal value-loss programs. We characterize the unique golden rule stock and prove that it is sustainable, i.e., it is invariant along the optimal program. Furthermore, we also prove that along any good program from any initial condition there is convergence of the forest’s state to this sustainable state. Finally, we define a value function in the set of forest states and define a pre-order that provides an alternative way of characterizing the golden rule stock and may potentially have independent interest.     

Behavioral Finance in Brazil: A Bibliometric Study from 2007 to 2017

This article analyzed 58 Brazilian journals in order to address the gap unexplored in the past 10?years by congresses and periodical journals. In this research, an analysis based on keywords was used, followed by analysis of citations and co-citations that allowed to verify: an average growth of 20% p.a. of publications; the most common focus was replication of Kahneman and Tversky; the most studied group tended to be university students; quality has failed to accompany the increase in publications; public institutions publish more. A gap was perceived in the surveying of financial managers and investors, as well as bias and heuristics as a subject.