Theoretical Approach to Define Emerging Markets and Emerging Market Global Companies: Double Triangle Model

Kim, Zukweon; Jung, Myung-Pyo

doi:10.1177/223386590901200101

Cited by 5 publications

(3 citation statements)

References 11 publications

(8 reference statements)

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“…Emerging market economies (EMEs) are defined as those countries whose competitive advantages measured by the shares of GDP, exports and outward foreign direct investment in the world are higher than the average competitiveness advantages of all countries except developed countries (Kim and Jung, 2009). An emerging market is a country that shares some of the characteristics of a developed market, but does not quite satisfy all requirements to be termed a…”

Section: Emerging Market Economiesmentioning

confidence: 99%

Managing People in Small and Medium Enterprises in Turbulent Contexts

Psychogios¹,

Prouska²

2019

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Section: Emerging Market Economiesmentioning

confidence: 99%

Managing People in Small and Medium Enterprises in Turbulent Contexts

Psychogios¹,

Prouska²

2019

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“…India is one of the countries listed in the emerging markets list. Emerging markets are defined as countries that have low income and fast economic development based on economic liberalization policies (Kim & Jung 2009). India is also considered the fifth largest economy in the world surpassing UK and France by nominal GDP of $2.94 trillion and the third largest in terms of Purchasing Power Parity (PPP).…”

Section: Economic Performance Of Indiamentioning

confidence: 99%

Effect of Total Employment, Foreign Direct Investment, and GDP on Period Poverty; An Economic Analysis of the United States of America (USA), India and New Zealand

Suhaimi

Shahminan

Anuar

et al. 2021

JMS

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This study selected three countries: the US, India, and New Zealand, to analyse their economic situation from 1996 until 2019 using nine economic indicators. The economic indicators considered by this study are Total Employment, Exports of Goods and Services, Foreign Direct Investment (FDI), Gross Domestic Product (GDP), Imports of Goods and Services, Inflation, Total Labour Force, Population and Government Effectiveness. This study has selected these three countries due to economic issues, Period Poverty that happens to these three countries and wants to find the difference in economics between these three countries. This study has found that New Zealand has the best result of economic indicators, with low results compared to other countries during these 24 years. The result of this study may help other countries change their policy to deal with period poverty and have their economic growth. At the same time, this study also helps potential foreign investors to have better economic decision making.

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“…These nations have delivered “superior performance, although variations in achievement can be observed” consistently since the early 1990s (Sarel, 1996). The classification of “developing Asia” is drawn from Asian Development Bank (ADB, 2019), based on gross national income (GNI) per capita, and creditworthiness for regular ordinary capital resources (OCR) loans or market-based resources (see Kim & Jung, 2009 for a discussion of the term “emerging economy”). Pre-COVID, foreign direct investment (FDI) received by developing Asia rose by 3.9% in the year 2018, but growth mainly occurred in Singapore, Indonesia, and India.…”

Section: Introductionmentioning

confidence: 99%

Exchange Rate Volatility and Financial Stress: Evidence from Developing Asia

Tiwary

Das

Shettigar

et al. 2022

Journal of Emerging Market Finance

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The study investigates the role of financial stress in triggering exchange rate volatility in developing Asia, where instability in financial markets contributes to the extent of exogenous shocks. We investigate volatility clustering in nominal exchange rate (NER) of dollar-denominated domestic currencies of developing Asia. Using country-level monthly time series data from 2006 to 2019 of NER and financial stress for seven representative economies of developing Asia, namely, Philippines, Indonesia, Malaysia, India, Republic of Korea, Singapore, and Thailand, we construct conditional volatility of returns. With volatility clustering in dollar-denominated exchange rates, we find significant bi-directional and predictive causality in exchange rate volatility and financial stress using vector autoregressive model and test for Granger’s causality. Our findings corroborate with the third-generation model of currency crises in the context of emerging economies. For developing Asian nations, our study implicates the strength of the financial system impacting the level and spread of stress, inducing exchange rate volatility. Our empirical model propounds that though stress is driven by multiple factors, management of exchange rate volatility in emerging economies will need to address problems not only in the foreign exchange market, but also in other financial sectors. JEL Codes: G01, F31, C58

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Theoretical Approach to Define Emerging Markets and Emerging Market Global Companies: Double Triangle Model

Cited by 5 publications

References 11 publications

Managing People in Small and Medium Enterprises in Turbulent Contexts

Managing People in Small and Medium Enterprises in Turbulent Contexts

Effect of Total Employment, Foreign Direct Investment, and GDP on Period Poverty; An Economic Analysis of the United States of America (USA), India and New Zealand

Exchange Rate Volatility and Financial Stress: Evidence from Developing Asia

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