The Convergence Analysis of the Economic Growth of Asean+3 Countries and its Influencing Factors (Published)
ASEAN is a geo-political and economic organization which is established on August 8, 1967. The objectives of the establishment of ASEAN include accelerating the economic growth and the social progress of cultural and social in Southeast Asia area. it is known that the income of ASEAN + 3 member countries is still very unbalanced with the index rate of an average of 0.98 per year. However, when it is viewed from year to year during the estimation period, the value of the Williamson Index tends to decrease, although it is very low. This shows the tendency of the movement of economic growth is increasingly convergent with the decreasing inequality level. The results of the analysis through calculation of Williamson Index are also in accordance with the results of the analysis conducted by panel data method. The result of panel data analysis shows that there is conditional and unconditional convergence process of economic growth of ASEAN + 3 countries because the dependent variable lag coefficient of -0.1 and -0.2 is between -1 and 0.
Entrepreneurial Orientation Dimensions and Profitability Nexus: Evidence from Micro Enterprises in the Retail Sector in a Developing Country (Published)
This study examined the relationship between entrepreneurial orientation dimensions (proactivity, risk-taking and innovation) and profitability of micro enterprises in the retail sector in a developing country. The data for the study were obtained from micro enterprise owners who operate retail businesses in Madina-Accra in Ghana. The study adopted a cross-sectional survey design, and employed quantitative technique in the collection and analysis of the data. The researchers used convenient and purposive sampling techniques to select 110 research participants for the study. The study employed descriptive statistics, Pearson’s correlation and hierarchical regression to analyse the data. The study found a significant positive effect of proactiveness and risk-taking on profitability of micro enterprises that operate in the retail sector in Ghana. However, no relationship was found between entrepreneurial innovativeness and profitability. The implications of these findings and recommendations for research, practice and practice were also discussed.