<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of this paper is to bring a methodological and empirical contribution to the measurement of trade competition. Globalization and the emergence of new poles in the world economy brought changes to the global landscape and consequent increase in international trade. There is a debate in the literature with regard the indexes that are better fit to be applied in empirical examples for the acquirement of relevant results for measurement of trade competition. This measurement will be achieved by observing the levels of structural similarity in distinct areas and at different moments in time. A higher degree of similarity between the export structures implies a stronger competition in destination markets. The values obtained for this measurement are highly relevant for the trade competition topic. Through this study we further explore the measurement of trade competition and comparatively discuss several indexes used in this area of research.</abstract>

Trade Competition Measurement and the Choice of Measurement Indexes

<abstract xmlns="http://www.w3.org/1999/xhtml">Logistics among competing organisations is a strategic management activity that can affect the operational, market and financial performance of an organisation. Small and medium enterprises (SMEs) need to understand the role of logistics activities in achieving competitive performance and creating a high level of customer satisfaction through greater economies of scale in production and reduction in the price of goods. This study aims to determine the nature and extent of SMEs competitiveness through logistics activities. This research used a quantitative method of data collection and analysis. The data were statistically analysed using SPSS (25.0) as well as SMART-PLS (3.0) software for structural equation modelling (SEM) to assess the measurement reliability and the research structural model. The findings show that SMEs nature and extent of competitiveness based on logistics activities differs among the three measurement constructs, namely price/cost competitiveness, quality competitiveness and delivery competitiveness. This study adds value to the knowledge of the perceived benefits and importance of logistics activities among the participating SMEs.</abstract>

Competitiveness Through the Integration of Logistics Activities in SMEs

<abstract xmlns="http://www.w3.org/1999/xhtml">This study sought to contribute to the growing empirical literature by investigating the effects of FDI on per capita GDP growth for South Africa using time series data collected between 1970 and 2016. Compared to the majority of previous studies, we use quantile regressions which investigates the effects of FDI on economic growth at different distributional quantiles. Puzzling enough, the empirical results show that FDI has a negative influence on welfare at extremely low quantiles whereas at other levels this effect turns insignificant. Contrary, the effects of domestic investment on welfare is positive and significant at all levels. Collectively, these results have important implications for policymakers in South Africa.</abstract>

The FDI-Growth Nexus in South Africa: A Re-Examination Using Quantile Regression Approach

<abstract xmlns="http://www.w3.org/1999/xhtml">Intelligence is the traditional element of interest when measuring the human cognitive abilities. However, intelligence is complex and researchers are constantly finding new angles of looking at it. One such angle is reflective reasoning. Sometimes individuals choose to override the intuitive answer and by engaging in further reflection they reach the correct answer. The cognitive reflection test (CRT) measures a person’s ability to suppress their incorrect intuitive answer in favor of reflection that should then lead to the correct response. The test contains three short mathematically based problems, which measure, among others, cognitive ability, mathematical abilities and cognitive reflection. Using a sample of 195 students from a state university, one of the largest universities in Romania, we explore the extent to which a variety of phenomena and trends identified by previous findings on CRT show similar results on our sample.</abstract>

Gender Differences and Other Findings on the Cognitive Reflection Test

<abstract xmlns="http://www.w3.org/1999/xhtml">Price stability supports accelerated economic growth (GDP), thus the main objective of most central banks is to ensure price stability. The South African economy is experiencing a unique monetary policy dilemma, where a high inflation rate is accompanied by high interest rates and low GDP. This is an unconventional monetary policy scenario and may hold strenuous repercussions for the South African economy. This dilemma was held as the rationale behind this study. The study investigated the effectiveness of the use of the repo rate as an instrument to facilitate price stability and GDP in South Africa. Long-run, short-run and casual relationships between interest rates, inflation and GDP were therefore analyzed. The methodology is based on an econometric process which included a Johansen co-integration test, with a Vector Error Correction model (VECM). Casual relationships were also tested using Granger causality tests. Results of the Johansen Co-integration test indicated the presence of co-integrating long-run relationships between the variables and a significant and negative long-run relationship between the repo rate and inflation rate was revealed, whereas GDP and inflation rate exhibited a significant and positive long-run relationship. The study also found short-run relationships between inflation and GDP, but not for inflation and the repo rate. Further areas of potential research may fixate towards the assessment of other significant alternative policy tools which may be utilized by various countries’ monetary policy authorities to influence supply specific inflationary pressures led by the cost-push phenomena, especially in the short-run.</abstract>

An Analysis of the Effectiveness of Interest Rates to Facilitate Price Stability and Economic Growth in South Africa

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Studia Universitatis Babes-Bolyai Oeconomica

 The journal is an official publication of the Faculty of Economics and Business Administration, Babeș-Bolyai University, from Cluj Napoca. It is focused on scientific research of general interest in a broad range of disciplines, including:   macro- and microeconomics  economic policy  international and public economics  urban, rural and regional economics  finance and banking  accounting and audit  marketing  management and business  statistics, econometrics, and other quantitative methods  mathematics, game and decision theories  The journal is edited by an international board of editors, which ensures access to an international pool of referees and guarantees a high standard of contributions. The journal maintains a balance between theoretical and empirical work.  Rejection Rate   40%   Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 