2006 EU-China Partenariat:A Flagship Activity of EU-China Trade Development

2006 EU-China Partenariat is to be held in Chengdu city, Sichuan Province in November. It is the second one in China after 2002 EUChina Partenariat in Beijing. “It is featured as a flagship activity.“H.E. Mr. Serge Abou gives his comments in his answers to the questions of China‘s Foreign Trade.……     

Return on Quality Improvements in Search Engine Marketing

In search engine marketing, such as on Google, advertisements' ranking and prices paid per click result from generalized, second-price, sealed bid auctions that weight the submitted bids for each keyword by the quality of an advertisement. Conventional wisdom suggests that advertisers can only benefit from improving their advertisement's quality. With an empirical study, this article shows that quality improvements have complex effects whose returns are actually unclear: 5% of all quality improvements to an advertisement lead to higher prices (measured by price per click) per keyword, 100% to a higher number of clicks, 53% to higher costs for search engine marketing, and 37% to lower profits. Quality improvements lead to higher weighted bids, which only lower prices if they do not improve the ranking of the advertisement. Otherwise, better ranks likely lead to higher prices. A decomposition method can disentangle these effects and explain their effects on search engine marketing costs and profits. Finally, the results indicate that advertisers benefit if they lower their bids after improvements to advertising quality.     

The Endogeneity of Trading Volume in Stock and Bond Returns: An Instrumental Variable Approach

This paper investigates the joint determination of trading volume and returns. Our approach follows from the argument that trading activity depends on security returns, thus resulting in a reverse causality from returns to trading activity. Using exogenous instruments for security trading activity, we estimate a system of two‐stage simultaneous equations to better model the return‐volume relationship. Our results confirm that returns and trading volume are determined simultaneously in both stock and corporate bond markets and that conclusions about the direction and significance of causality between volume and returns can be reversed once one corrects for the endogeneity of volume.     

2006 EU-China Partenariat:A Flagship Activity of EU-China Trade Development

2006 EU-China Partenariat is to be held in Chengdu city, Sichuan Province in November. It is the second one in China after 2002 EUChina Partenariat in Beijing. "It is featured as a flagship activity."H.E. Mr. Serge Abou gives his comments in his answers to the questions of China's Foreign Trade.     

2006 EU-China Partenanat：A Flagship Activity of EU-China Trade Development

2006 EU.China Partenariat is to be held in Chengdu city, Sichuan Province in November. It is the second one in China after 2002 EU- China Partenariat in Beijing. ＂It is featured as a flagship activity.＂ H.E. Mr. Serge Abou gives his comments in his answers to the questions of China＇s Foreign Trade.     

Corporate Internet Disclosure in the Arabian Gulf： An Empirical Examination of Determinants and Attributes

This paper investigates and reports on the extent and nature of corporate internet disclosure and the determinants of internet financial disclosure （IFD） by companies listed in three Gulf Corporation Council （GCC） countries. This paper uses data from 207 listed companies in Muscat Securities Market （MSM）, Dubai Financial Market （DFM）, and Qatar Exchange （QE）. Binary logistic regression analysis is used to examine the determinants of IFD. Kruskal-Wallis test is used to examine the differences in disclosure characteristics among the three countries. The results of this study reveal that firm size is the major factor influencing intemet financial reporting in the GCC. The results reveal that the three countries differ significantly in all the disclosure attributes with the exception of the existence of email link. This paper extends the stream of research that confirms the widespread use of internet in disclosing financial information. The results are consistent with previous literature that corporate size is a major determinant of internet financial reporting. This paper provides insights into corporate internet disclosure in the GCC that will benefit all stakeholders with an interest in corporate reporting in this important region of the world.     

Internet Adoption by Travel Agents: a Case of Egypt

Current collaborative and rapid developments in tourism and information and communication technologies (ICTs) make it difficult to imagine that tourism existed before ICTs. Communication technology is one main reason for the existence of the Internet. Travel agents (TAs) are among service providers whom their Internet adoption could be the best marketing device for their business and a tool for their competitive advantages. The study explores the Internet adoption of the Egyptian TAs, patterns of usage and perceived benefits and barriers of e‐commerce adoption. It is found that the majority of TAs use the Internet to provide TA's information, find out about customers and competitors. Sales and revenue growth, increasing competitive advantages and marketing activities are the agents’ perceived benefits of adopting e‐commerce. Limited resources, unskilled labour, lack of readiness of public infrastructure and customers are among the main obstacles for not adopting the Internet technologies. Copyright © 2012 John Wiley & Sons, Ltd.     

The mystique of macro‐boycotting behaviour: a conceptual framework

In spite of the aim of the World Trade Organization and other international organizations to foster international trade and development by lessening protectionism agendas worldwide, there has been a rise in consumer‐boycotting behaviour at a macro level involving campaigns directed against foreign products from countries embroiled in conflicts in international relations, rather than against products from individual companies perceived to have engaged in a domestic egregious act. While campaigning at this level is becoming a more effective tool for consumer protest, as it negatively affects both the boycotted countries' macroeconomics and companies' micro‐competitiveness, consumer motivation to participate in macro‐level boycotts has so far been overlooked in the boycotting literature. This paper examines consumers' behavioural intentions to participate in macro‐boycotting campaigns within the context of an Arab country, which has recently witnessed a number of campaigns of this nature. Using the theory of planned behaviour, the findings of an exploratory qualitative study of Egyptian consumers offer insights into the motives and barriers to individual macro‐boycott participation. Findings are discussed together with managerial implications.     

A panel model for political efficacy and responsiveness: an application of LISREL 7 with weighted least squares

Political efficacy is considered to be one of the most important attitudes in theories of political participation and democratic politics. It has been assumed that political efficacy is a stable, persistent orientation rather than a transient attitude. Several studies have examined the stability of political efficacy over time. In most of these studies, based on the analysis of the traditional SRC items, the stability assumption has been questioned. In this paper, we reconsider the stability issue but we adopt a different approach. We distinguish between two components of political efficacy: internal efficacy, a personal attribute and responsiveness, a system attribute, and we study their stability over time. To study the stability of political efficacy and responsiveness over time, we analyse the data with PRELIS and we develop a panel model using LISREL 7. As the observed variables are only ordinal, the estimation of the parameters of the model is based on polychoric correlations and on the weighted least squares method. Our analysis makes use of the Political Action Survey panel data for the USA. This data contains the six SRC efficacy items measured at two occasions. We find that the stability coefficients are higher than those reported in previous research. The difference in the values of the stability coefficients for each component seems to indicate that the personal component is more stable than the system component.     

Are developing countries accumulating sufficient total factor productivity to sustain their economic growth and job creation? Empirical evidence from the Middle East and North Africa region

This study contributes new evidence on why the Middle East and North Africa (MENA) region has failed to create decent jobs for decades. The growth accounting exercise reveals that the region suffered from an acute total factor productivity (TFP) deficit in the 1990s; it improved remarkably in the 2000s, before deteriorating significantly in the period between 2010 and 2017. Throughout the three subperiods, the region’s growth relied heavily on capital accumulation. The severe deficit in TFP and the heavy reliance on physical capital for decades impaired the region’s ability to sustain economic growth and to create decent jobs in the long run. The study recommends more government interventions in knowledge accumulation as a critical precondition for employment generation in developing countries.