10.18639/MERJ.2022.1514854
Original Research Article
May 30, 2022
For the success of any business, there is a need for continuous improvement of the competitive advantage. The ever-changing economic environment is a big challenge for small and medium enterprises (SMEs) especially those that don’t possess strategic plans. In the recent turbulent times caused by globalization, SMEs are facing challenges and this has seen a number of them collapsing. The purpose of this study was to examine the nexus between capacity-building strategic renewal and performance of youth-owned agro-processing SMEs in selected counties in Kenya which variables of the study were investment training, management skills training, and bookkeeping training. The study was anchored on transformation learning theory and the research design adopted was a descriptive cross-sectional survey. The study targeted youthowned agro-processing SMEs registered by the Ministry of Trade and Industry and the four County Governments namely, Nyeri, Kirinyanga, Murang’a, and Nyandarua. The sampling frame was 287 and the population under study was 287 youth-owned agro-processing SMEs. The study gathered primary data using a semi-structured questionnaire with predetermined questions and highly standardized techniques of recording. The findings of the study were presented by the use of descriptive and inferential statistics. From the findings, the overall model of the study was R2 = 0.498, meaning that capacity-building strategies explained 49.8% of the variation in performance. The study coefficients was 0.834, tis 19.141, which was >2, and a p-value of 0.000 which implied that there was a statistically significant influence of capacity-building strategies on the performance of youth-owned agro-processing SMEs. In conclusion, it was noted that capacity-building influences the performance of the youth-owned agro-processing SMEs in selected counties in Kenya. This study recommends that there is a need for SMEs to further establish capacity-building strategies.
10.18639/MERJ.2022.9900045
Original Research Article
May 30, 2022
Special Issue S6: “Global Economic Issues”
TANKS is a tangible coding game that introduced coding to South African 10–14-year-old learners. It is aimed to initiate and stimulate learning using facilitators. Facilitators use untraditional teaching methods because they are influential on training success. Also, facilitators undertook face-to-face contact sessions, since TANKS requires the use of a smartphone and tokens. A phenomenological qualitative study design approach of six facilitators of a face-to-face interview using an adapted semi-structured questionnaire was used. All interviews were audio-taped, transcribed verbatim, and thematically analyzed using an explanation-building strategy applied. Results identified themes where each theme was further explained in the study. Limitations included small interviewee numbers because of a nationwide COVID-19 restrictive lockdown. The feed-forward learning flow model concluded that supportive school leadership by principals or teachers creates an academic coding culture. This culture will necessitate learners’ competitive behavior by adopting a performance-based appraisal practice, to improve the coding interest and TANKS performance by learners.
10.18639/MERJ.2022.9900053
Original Research Article
May 30, 2022
Special Issue S7: “Collegiality as a Management Practice”
The study explored the importance, value, and challenges of employee collegiality in the workplace at the institute of higher learning. Workplaces such as universities have traditionally been disconnecting places where “collegial cooperation among academic staff is not common practice, for them to take the time to talk or work together.” Employees require ways to connect in ways that benefit their students, contribute to making their work more interesting, and shape humans in such a way that it remains dynamic and pertinent. For a long time, the workplace has been subject to rationalizing reforms, not least in correlation with the exceptional development and transition from elite to mass education. There has been an explosion in the emergence of various modes of organizing, allocating resources, and evaluating results. Premised on a review of existing literature, this article highlights the significance of collegiality among employees at the workplace and identifies the major positive outcomes of truly collaborative and collegial backgrounds in the institutes of higher learning. The study finds that collegiality is a proficient trait or attribute as well as a management theory; it is the companionship and cooperation between colleagues who share responsibility.
10.18639/MERJ.2022.1557092
Original Research Article
Apr 28, 2022
The coronavirus pandemic presents enormous health and economic challenges to the United States and the global economy. The coronavirus disease and the measures taken to contain it led to a severe contraction of the US economy not seen since the Great Depression. The Federal Reserve made a swift response to ensure the stability of the financial market and promote economic growth. Initially, it cut the federal fund rate to its effective lower bound, expanded its long-term asset purchases, and created new reserves much of it used to finance the stimulus and keep the long-term interest rate low. Despite a massive injection of liquidity, the inflation rate remained low until the second quarter of 2021 and there was no pressure to slow the growth of the central bank balance sheet or raise the interest rate. Because of the unexpected surge of the inflation rate in early 2022 to a level not seen since 1982, the Federal Reserve began to raise the funeral fund rate and indicated that it will reduce its asset holdings. If the inflation rate persists, not only contractionary monetary policy but also cuts in federal spending may be required.
10.18639/MERJ.2022.9900069
Original Research Article
Mar 30, 2022
The purpose of this paper is to investigate the export performance of India with ASEAN countries using the Constant Market Share method for the period 2001-2019. India’s trade with ASEAN and its members is analyzed by using HS-2 digit data. The evaluation of India’s export performance is based on the “market share effect”, “commodity composition effect”, and “commodity adaptation effect”. The results reveal that the increase in India’s export performance stemmed mostly from a positive “market share effect” and least from the “commodity composition effect”. The “commodity adaptation effect” has improved during the same period. These findings lead us to conclude that India has an opportunity to find new trading partners within ASEAN and enhance its exports to those nations. It is through taking the benefits of the FTA, India can reduce its trade deficit.
10.18639/MERJ.2022.9900064
Review Article
Mar 24, 2022
Outward Foreign Direct Investment (OFDI) as overseas investment leads to long-term repatriation of the profits from host to home country. The theoretical framework of OFDI and the determinants of the same are important elements in the international economic environment. The present study aims to build a critical discussion on Outward FDI theories and the determinants of OFDI. Researchers and policymakers in the area of international investment will be benefitted from the theoretical research.
10.18639/MERJ.2022.9900068
Review Article
Mar 21, 2022
This study takes an account of the growth and development of economic ties between China and India since the inception periods. It examines the aspects that have added to the growth of this vital feature of their relationship. Further, it also highlights the obstacles, in particular to the economic relations in terms of trade scenario between the two. In addition, it provides that the future growth in economic ties of Indo-China will depend on how the two economies can effectively deal with matters such as trade inequity, border issues, lack of adequate infrastructure, market capture, and regulatory environment. These issues, if conquered, may show mounting growth in the existing degree of economic relations between the two. Therefore, strings of assistance and rivalry, both subsist at the same time.
10.18639/MERJ.2022.9900067
Original Research Article
Mar 17, 2022
Frequent assessment, finance duress, cut-throat competitive atmosphere, negligible condition, the connection among colleagues as well as excessive workload may result in elevated levels of stress. Additionally, almost all researchers making an effort to forge an official persona that is definitely a new corner to these people. A descriptive research design is used in this study. A survey is performed to collect data from PhD students in Aligarh Muslim University (AMU). Data was collected using a convenience sampling method. The goal for this research was to find aspects that obstruct and hinder the progress of PhD students, with a focus on stress from the Supervisor’s Role, Peer Relations, and Personal Aspects to check their overall performance. It was observed that Supervisor’s roles, individual aspects, and peer factors have a significant impact on the overall performance of PhD Students.
10.18639/MERJ.2022.9900065
Short Communication
Mar 15, 2022
In the past decade, India has shown tremendous economic growth patterns amid hue and cry over the economic disparities and imbalances. The Gross Domestic Product (GDP) growth rate has been impressive but other indicators of economic development such as infrastructure, income inequality, Index of Industrial Production (IIP) have been alarming and unsatisfactory. Recent structural changes in the Indian economy such as changes in FDI policy, Demonetisation, and implementation of Goods and Service Tax (GST) have witnessed contradictory patterns. This article focuses on the issues of India’s economic growth and the prevalent anomalies. It also captures the expectation of Modi’s government regarding the future of the Indian economy.
10.18639/MERJ.2022.9900063
Case Study
Mar 08, 2022
The COVID-19-induced lockdowns of 2020 caused millions of people to make greater use of social media platforms, including the TikTok mobile app. With over 800 million users globally and more than $1 billion in revenues in 2020, TikTok has emerged as a major player in the world of social media content. This case study explores how TikTok can improve its positioning as a mobile app for businesses and consumers. It also analyzes TikTok as a method of disruptive marketing. Additionally, this study evaluates how TikTok became a significant platform for social influencers. By serving its customers' needs for curated and concise video content, TikTok has created digital marketing opportunities, including branding, reach, sponsorships, and influencer capabilities. This study has significance for researchers and practitioners and broadens contemporary assumptions about strategic planning for social media platforms.
10.18639/MERJ.2022.9900051
Original Research Article
Jan 31, 2022
Special Issue S7: “Collegiality as a Management Practice”
This paper focuses on the impacts of water stress on health outcomes. It specifically investigates the health effects of insufficiency of water for sanitary needs in drought-affected households. A focus group discussion that drew medical experts from such fields as medicine, virology, and microbiology was conducted to collect data. The findings of the study show that there is a possibility of vulnerability to negative health outcomes such as Cholera, Diarrhea, and respiratory problems by households that lack the necessary levels of water for domestic, sanitation, and hygiene uses. It is therefore important that individuals and households susceptible to the vagaries of drought be aware of this relationship so that they may forge necessary adaptive measures such as the use of purifiers, hand and surface sanitizers, and disinfectants to mitigate the health effects of a drought that are related to inadequate water use for sanitary purposes.
10.18639/MERJ.2021.9900059
Short Communication
Dec 31, 2021
The US-China Trade war followed by the global pandemic has reincarnated the diplomatic relations between countries. India-China relations have remained on a roller coaster ride with expectations for the unexpected future. India and China share a cooperative geo-political platform of BRICS and much needs to be assessed with India holding the chairmanship in 2021. The article touches upon the BRICS issues from the perspective of India-China relations as well as the expectations from the current regime. An attempt to decipher India’s stand on key issues such as pandemic cooperation, anti-terrorism, multilateral system reform et cetera is encapsulated in the article.
10.18639/MERJ.2021.9900058
Original Research Article
Dec 31, 2021
Climate change has emerged as one of the challenges of the global economy. Climate change economics has focused on the economic aspects of climate tradeoff. Studies have been conducted on the causal association of economic indicators and climate change indicators. However, for the sample of BRICS countries, that are important participants of global climate change, no study has attempted to identify whether causal connections apply to them. The study is an endeavor to identify the underlying causal connections between economic indicators and carbon emissions for BRICS economies. Six economic indicators, current account balance, inflation, foreign direct investment inflows, gross domestic product, real effective exchange rate, and trade openness, are selected for the sample period 2005–2019. Neural network analysis as a method of computational economics is applied for the superior methodology over standard statistical techniques. The outcome suggests that for BRICS economies, economic indicators have a significant relationship with carbon emissions, differing in intensity as per node strength of the neural network.
10.18639/MERJ.2021.1431686
Original Research Article
Dec 30, 2021
The current business environment has become very dynamic and this comes with threats and opportunities. Some of the factors that pose challenge in this environment are new entrants, loss of competitive advantage or rapid change of technology. In Kenya, SME suffer the same fate despite the critical role they play in the country. Most of the youth business startups fail at their third year and very few enterprises have grown into large formal organizations. To survive under this dynamic environment, entrepreneurial networking becomes an important strategy that can be adopted by organizations. The objective of this study was thus trying to examine influence of entrepreneurial networking strategic renewal on performance of youth owned SMEs. The specific objectives were membership of social network, professional networks, business networks and social networks and their influence on SMEs performance. The research design adopted was descriptive cross-sectional survey. The study targeted youth owned agro-processing SMEs registered by Ministry of Trade and Industry from four County Governments namely, Nyeri, Kirinyanga, Murang’a and Nyandarua. The population that constituted sampling frame was 287 youth owned enterprises. Quantitative data was collected by use of structured questionnaire. The overall model study was R Square= 0.092, meaning that Entrepreneurial Networking Strategies explained 9.2% of the variation on SMEs performance. The study coefficients indicated that holding all other factors constant, changing Entrepreneurial Networking strategies by one unit would result to a 0.324 change in Performance of Youth Owned Agro-processing SMEs. The value of t is 6.095, which was >2 and p-value of 0.000 which implied that there was statistically significant influence of Entrepreneurial Networking Strategies on performance. The study concluded that entrepreneurship networking influences performance of the youth owned agro-processing SMEs in Kenya. This study recommends there is need for the SMEs to further establish networks outside their business cycle.
10.18639/MERJ.2021.1432975
Original Research Article
Dec 16, 2021
The foundation of this paper is built on the premise that foreign direct investment (FDI) follows economic growth and development as opposed to the narrative that argues otherwise. Considering that background, this paper pursued finding the direction of causality and the kind of relationship that exists between the two main variables of interest (FDI and Economic growth) using time series data spanning 1980–2018. Using the vector-autoregressive error correction mechanism and the autoregressive distributive lag, our paper found neither uni nor bidirectional causality between economic growth and FDI in South Africa. The findings support the notion that FDI follows growth and development as opposed to the current policy stance that seeks to attract more FDI without exhausting the potential carried by domestic firms in stimulating economic growth. The results from Granger causality tests, however, could not reject the null hypothesis of the causality that runs from unemployment to economic growth. The study found that unemployment in South Africa Granger causes economic growth significantly. Recommendations arising from our findings are that South African policymakers may need to consider paying more attention to inward-looking policies. More efforts if possible should be put toward making sure that domestic investment is stimulated through making it cheaper especially for small businesses to secure funding as well as making the investment environment small business-friendly to improve their success and contribution toward sustainable economic growth.