Search for Articles
International Journal of Business Studies and Innovation
ISSN:2737-5331
Frequency: Quarterly Published by lIKll

Vol.1, Iss.2, December 2021

Covid 19 disease has well demonstrated the expanse to which the health crisis can negatively affect the economic activities of petroleum-exporting countries. Experiential evidence confirms that worldwide petroleum prices and demand are two key channels for the disease to affect the economies of these countries. Due to the high significance of this issue, this study examines the effects of the Covid 19 disease on worldwide petroleum demand and the structure of the world petroleum market based on weekly data from Jun 14, 2000, to Jun 15, 2020. For this goal, the structural model of De’es et al. has been used, and the impact of this disease on the structure of demand and supply of petroleum in the short and long term has been studied. According to the results, it can be argued that Covid 19 disease from the worldwide crude petroleum price channel has a strong negative impact on the OPEC crude petroleum price index in the long run; Therefore, to avoid budget deficits and hyperinflation in OPEC countries, budgeting independent of petroleum revenues should be given serious attention by policymakers. Conventional petroleum models are not accurate in modeling global health crisis impacts on the oil market; the novelty of this paper is an evolutionary form of the De’es model of the petroleum market that can consider the demand-side shocks.
  • Open Access Article

    Empirical Analysis of Rational Expectation and Permanent Income Hypothesis in Lagos State, Nigeria

    by Abiodun Musbaudeen, Daniel Barkley* and Jing Wang
    IJBSI 2021, Vol 1, Issue 2, 84-93, https://doi.org/10.35745/ijbsi2021v01.02.0010 - Published on December 30, 2021

    Abstract

    This study empirically analyses the rational expectation and permanent income hypothesis (PIH) in Lagos State, Nigeria using the ordinary least square method to estimate the long-run relationship and parsimonious error correction model to estimate short-run impacts. Our findings show that permanent income influences permanent monthly consumption in the short and long run but permanent monthly income does not impact temporary monthly consumption both in the short and long run. Financial regulatio...

  • Open Access Article

    The Impact of Short-term and Long-term International Capital Flows on Economic Growth

    by Kai-Ting Huang and Grant G. L. Yang*
    IJBSI 2021, Vol 1, Issue 2, 94-102, https://doi.org/10.35745/ijbsi2021v01.02.0011 - Published on December 30, 2021

    Abstract

    With the rapid growth of foreign direct investment (FDI) in the world, FDI plays an increasingly important role than the trade in the process of economic globalization and integration. However, the effect of international capital on economic growth is ambiguous. Moderate foreign capital inflow can solve the problem of insufficient funds in the real economy and promote the development of the virtual economy as well. Empirical analyses have shown that the impact of long-term international capital ...

  • Open Access Article

    Structural Econometric Analysis of the Covid-19 Impacts on the Worldwide Petroleum Market based on the Evolutionary Amirkabir-De’es Petroleum Model

    by Nima Norouzi*
    IJBSI 2021, Vol 1, Issue 2, 103-122, https://doi.org/10.35745/ijbsi2021v01.02.0012 - Published on December 30, 2021

    Abstract

    Covid 19 disease has well demonstrated the expanse to which the health crisis can negatively affect the economic activities of petroleum-exporting countries. Experiential evidence confirms that worldwide petroleum prices and demand are two key channels for the disease to affect the economies of these countries. Due to the high significance of this issue, this study examines the effects of the Covid 19 disease on worldwide petroleum demand and the structure of the world petroleum market based on ...

  • Open Access Article

    Regulation and Business in the Origins and Development of the Mass Media: Radio Broadcasting in Spain

    by Ángel Calvo*
    IJBSI 2021, Vol 1, Issue 2, 123-139, https://doi.org/10.35745/ijbsi2021v01.02.0013 - Published on December 30, 2021

    Abstract

    Wireless telegraphy ranks as the third groundbreaking 19th-century contribution to modern telecommunications, after the electric telegraph and the telephone. Initially of little interest, it gained widespread acceptance and became a commercial communication system that was fiercely fought for by the world's major powers. One feature of radiotelegraphy is broadcasting¸ which has developed with great impetus among the economic powers. In Western Europe, state control over broadcasting predominated...

  • Open Access Article

    Sustainable Rural Development: Initiatives in Ameliorating Key Drivers of Rural Economy and Associated Challenges in Achieving SDGs in Bangladesh

    by Faruque As Sunny*, Huang Zuhui , Lin-lin Fu and Taonarufaro Tinaye Pemberai Karimanzira
    IJBSI 2021, Vol 1, Issue 2, 140-163, https://doi.org/10.35745/ijbsi2021v01.02.0014 - Published on December 30, 2021

    Abstract

    After achieving significant progress in the millennium development era, Bangladesh has also embraced sustainable development goals (SDGs), and to successfully attain these goals, sustainable rural development is inevitable. Hence, the government has taken initiatives to spur rural growth by ameliorating the main drivers of the rural economy. The country has already reached its sixth year of SDG implementation, and it is a decent time to assess the direction in which SDG implementation work regar...

  • Open Access Article

    Analysis of Pricing Decision of the High-Speed Railway under Airline’s Competition: Based on the Same Route

    by Hao Li and Ting Peng*
    IJBSI 2021, Vol 1, Issue 2, 164-173, https://doi.org/10.35745/ijbsi2021v01.02.0015 - Published on December 30, 2021

    Abstract

    National policies on energy conservation and emission reduction call for the development of greener travel. The high-speed railway has irreplaceable advantages and status. At present, China’s high-speed railway mainly adopts a fixed pricing strategy, which has demerits such as insufficient demand and reduced profits, so that high-speed railway has a distinct disadvantage when competing with aviation. Accordingly, we investigate the high-speed railway’s optimal pricing strategy under the competit...