The Impact of Scholarship in Servant Leadership: Journals and Institutions

This study examines the impact of research published in the two academic journals in servant leadership – International Journal of Servant-Leadership and the Servant Leadership: Theory & Practice. Although various metrics suggest that the latter (and younger) journal has generally been more impactful, other metrics indicate that more “home run” research has thus far appeared in the former (and older) outlet. Analysis of the institution-based data reveals that affiliates of the Spears Center for Servant Leadership have produced the most impactful research in servant leadership, followed by those faculty and others at Regent University, Utah Valley University, Our Lady of the Lake University and Indiana Wesleyan University. Other prominent institutions in the servant leadership realm include Ashford University, Gonzaga University, the U.S. Army, Palm Beach Atlantic University and Southeastern University

Oil Price And Real Exchange Rate: The Case Of India

This paper studies the effect of oil price change on the real exchange rate between the Indian rupee and the U.S. dollar.  For that, a model is developed which is based on a monetary model of exchange rate which incorporates the real GDP, real money balances, and the interest rates of both the home and foreign country and the real price of the crude oil.  Quarterly time series data from 1996 to 2012 is used.  Before estimating the model, the time series properties of the data are diagnosed in order to ensure the stationarity of the data.  The data series are found to be integrated of order one and the null hypothesis of no cointegration is rejected.  Therefore an error correction model is developed and estimated.  The estimated results suggest that there is no detectable effect of oil price change on the real exchange rate between the Indian rupee and the U.S. dollar

Nepal and Bhutan: development strategies and growth

This paper has sought to examine the factors that have contributed to the economic growth of Nepal and Bhutan. After a brief discussion of the economy and growth strategy of each country, standard growth models for Nepal and Bhutan are developed and estimated. The results indicate that domestic capital has been a significant source of economic growth in Nepal whereas foreign aid has not had any appreciable effect on growth. The reverse is true for Bhutan

Another Look at Devaluation and the Trade Balance in China

This paper estimates the effect of Chinese Yuan devaluation on the trade balance of China.  For that a regression equation is developed in which domestic income, foreign income, domestic money supply, foreign money supply and real effective exchange rate are used as explanatory variable with trade balance as the dependent variable. In order to test the J-curve phenomenon the lagged values of exchange rata are also included.  Quarterly time series data from 1999 to 2016 are used.  Before estimating the model the time series properties of the data are diagnosed and an error correction model is developed and estimated.  The estimated results show that the contemporaneous effect of devaluation is positive, but the total effect is insignificant.  A J-curve pattern of adjustment of the trade balance is also detected

Stock Market Prices and the Macroeconomics of Emerging Economies: the Case of India

This paper investigates the relationship between stock market capitalization  (stock prices) and selected macroeconomic variables in India.  The empirical results suggest that, in the long run, output growth and exchange rate are positively related to stock prices, while money supply exhibits a negative relationship to stock market capitalization. In the short run most of the variation in the stock market is captured by its own innovation, although the exchange rate, the price level and the interest rate seem to have some effect on the short-run stock capitalization

Foreign Aid, FDI and Economic Growth in East European Countries

This paper examines the effectiveness of foreign aid and foreign direct investment in the Czech Republic, Estonia, Hungary, Latvia, Lithuania and Poland. The model includes the labor force, capital stock, foreign aid and foreign direct investment, and is estimated using pooled annual time series data from 1993 to 2002. Before carrying out the estimation, the time series properties of the data are diagnosed and an error-correction model is developed and estimated using a fixed-effects estimator. The results indicate that an increase in the stock of domestic capital and inflow of foreign direct investment are significant factors that positively affect economic growth in these countries. Foreign aid did not seem to have any significant effect on real GDP

Exchange Rate Adjustment And Output In South-East Asia

This paper studies the effect of currency devaluation on aggregate output level in South- East Asian countries using panel data from Thailand, Malaysia, Indonesia and the Philippines for a period from 1980 to 2010. An empirical model that includes monetary, fiscal and exchange rate variables is developed. Two versions of the model, one with real exchange rate and another with nominal exchange rate and foreign-to-domestic price ratio are estimated. An error correction model is developed and the time series properties of the panel data are diagnosed before estimating the model. The estimated results suggest that currency devaluations are contractionary in the short run and the intermediate run and this contractionary effect comes from the change in nominal exchange rate and not from the change in foreign-to-domestic price ratio

Exchange Rate Volatility And Foreign Direct Investment: Evidence From East Asian Countries

This paper uses panel data to examine the effect of exchange rate uncertainty on foreign direct investment in China, Indonesia, Malaysia, the Philippines, South Korea, and Thailand – countries that have continued to attract considerable foreign direct investment (FDI) inflows while also experiencing a great deal of volatility in exchange rates.  After establishing the stationarity of the data series, a panel cointegration test was conducted, following which an error correction model was developed and estimated using two sets of panel data.  The overall estimation results are consistent with theoretical predictions.  We find that exchange rate volatility has a favorable effect on foreign direct investment in our sample countries

Relaunching ABR in the Midst of a Global Pandemic: Highlights of Vol. 23 (No. 1)

We relaunched the all-digital American Business Review (ABR) in Fall 2019. Little did we imagine that COVID-19 would appear in Spring 2020 and disrupt life all over the globe. All three audiences of ABR viz. Businesses, Business Students and Business Faculty have had to scramble over the last few months. Businesses that we research, teach and learn about as Business Professors and Students had the most difficult time of all with the global lockdowns. Essential businesses including food, medicine, sanitation and their supply chains and distribution channels had to keep working somehow-anyhow. Along with essential services were our lifesavers including medical, emergency, and national security personnel globally who continued to work at great personal health risk. Those businesses that were not considered essential had to shut down for public health and safety. In the process, all businesses had to suffer great losses. We at ABR recognize and salute you all for your great contribution during this global health crisis. Business students, in the US had to leave campus and continue studies online and at very short notice. Similarly, business faculty had to move face-to-face classes online overnight as campuses went into lockdown. Against this challenging backdrop our review board and referees did an outstanding job of providing knowledgeable and constructive reviews to our authors. Our author/s responded to reviewer comments in great detail and the joint efforts of reviewers resulted in the issue that is before you

Introducing ABR Volume 24, May 2021: Some Tips for Submitting Authors

We are delighted to present Volume 24 (Issue1) in May 2021. The COVID pandemic rages on in several parts of the globe, particularly in India at the time of writing. We wish our authors, reviewers, and readers to remain safe and healthy as we come out of this global pandemic. For American Business Review (ABR), it is a matter of great pride and satisfaction that since our relaunch in 2020, we have received over 300 manuscripts and have about a 10% acceptance rate. Our editorial board members come from all continents and have active Google Scholar profiles and have published in A/A* journals in their disciplines. We try to restrict the number of reviews to two per year per reviewer to reduce the burden of review work. In addition, we seek to invite additional reviewers who are domain experts in the subject of the submission received