Journal of Business and Management Sciences

The aim of this study is to have an insight into the causality relationships between economic growth and two of its key determinants, foreign direct investment and labor productivity. Error correction mechanism, through the implementation of generalized method of moments (GMM), is used to study the causalities between the three variables. This study encompasses data from nineteen (19) OECD member countries over a period of 1980-2009. Short-term causalities have been observed running from foreign direct investment to economic growth, labor productivity to economic growth and foreign direct investment to labor productivity. In the long-run, bi-directional causalities exist between economic growth and labor productivity, foreign direct investment and labor productivity. Also, foreign direct investment is observed to cause economic growth in the long-run.

Journal of Business and Management Sciences. 2013, 1(6), 133-138. DOI: 10.12691/jbms-1-6-3
Pub. Date: December 18, 2013

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Reconnoitering the Causal Relationship in Crude Oil Market during Crisis

by P. Lakshmi and S. Visalakshmi

Original Research

The purpose of this paper is to study in Indian context, whether there is significant impact of Crude Oil future trading on crude spot prices or there is no such impact. We examine the effect of futures trading volume of crude oil to crude oil spot prices in the Multi Commodity Exchange of India (MCX) from January 2005 until May 2012. The vector autoregressive model (VAR), Granger Causality Wald test, Variance Decomposition and Impulse Response Function are applied to the data collected. The results exhibited that unidirectional causality runs from crude spot prices to futures trading volume. Further we do not have sufficient evidence to support that future markets lead to higher fluctuations in spot prices.

Journal of Business and Management Sciences. 2013, 1(6), 128-132. DOI: 10.12691/jbms-1-6-2
Pub. Date: November 29, 2013

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Organizational Business Development of Hospital by Laboratory Services

by Nasser Fegh-hi Farahmand

Original Research

An exploration of the ways in which the approaches of the organizations influence whether or not those organizations engage in Organizational Business Development of Hospital by Laboratory Services. The aim is that organizational business development is an integrated part of business. Indeed, business management system is also in general e.g. in the recognized business standards understood as a concept for systematic approach or mental system but not as a distinct, physical system for organizational business development of hospital by laboratory services. This paper explore the ways in which certain approaches in case of organizations generates a tendency to prepare a formal organizational business development plan and focus is primarily on what describe as the environmental approaches. Organizational business development factors are engineering, planning, management and analysis that for business excellence it required to organizational mission and strategy, management styles, structure, methods, process and system, cultures and believes, personnel and management.

Journal of Business and Management Sciences. 2013, 1(6), 119-127. DOI: 10.12691/jbms-1-6-1
Pub. Date: November 18, 2013

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