Open Access Original Research Article

Economic Growth in Ghana: An Empirical Investigation

Siaw Anthony, Yuansheng Jiang, Nyamah Edmond Yeboah

Asian Journal of Economics, Business and Accounting, Page 1-9
DOI: 10.9734/AJEBA/2016/29556

Factors influencing economic growth are relevant to both developed and developing nations. To our knowledge, current literature on the factors influencing Ghana’s economic growth is limited. Therefore, to bridge this gap, this study examines the effect of foreign aid, foreign direct investment, physical capital, inflation, labor force and government expenditure on real GDP growth in Ghana between the years 1980 and 2010. The paper shows that, the long-run economic growth in Ghana is mainly explained through government expenditure, foreign aid, physical capital, inflation and foreign direct investment. In addition, a change in labor force in the short-run does not affect the economic growth in Ghana. It was found that, macroeconomic factors have both positive and negative correlation with gross domestic product. This paper therefore advocate that, government should invest in important projects that would add positive value to the country’s economic growth such project could be aiming, for instance, at improving labor force productivity by setting up a strong and high quality research and development sector that will mobilize and take into consideration all researches and to create favorable atmosphere to attract foreign investors. In addition, instead of government relying on foreign aid, it should rather create avenues that would domestically generate revenue.

Open Access Original Research Article

Hotel Services in Health Tourism: Sample of Turkey

Dilaver Tengilimoğlu, Yasemin Kurumlu

Asian Journal of Economics, Business and Accounting, Page 1-11
DOI: 10.9734/AJEBA/2016/29923

  • The aim of the study is to assess the current situation on hospitals in the health care and hospitality services offered to patients, their relatives and associates supported with the literature and providing advice on the issue.

    The research was done in the field of health tourism with 102 hospitals operating in 15 cities which admissions the most patients within Turkey, analysis of the obtained data was performed by means of questionnaires answered by hospital administrators and the director of hospitality services.

    It has been seen that all the private and university hospitals which have participated to the research have international accreditation certificate. These hospitals have the best standard of room design, transportation services, welcoming front desk service, food and beverage services, housekeeping and laundry services, personnel services, security and support services. Ministry of Health hospitals duo to existing physical structure and personnel qualification were found to be inadequate in patient rooms and hotel services. It has been viewed in the research that as a result of the hospital selection patient room design, reception services, food service, support services are related to each other and have an effect on the foreign patients coming under health tourism. In the Ministry of Health hospitals where hotel services are poor, with the campus hotel project launched by the Ministry in 15 cities, it will be able to provide quality improvement in hotel services.

Open Access Original Research Article

Effect of Person-Related Factors on the Recognition of Contingent Liability in Nigerian Listed Companies

Musa Garba Gulani, Ahmed Modu Kumshe, Ahmad Imam

Asian Journal of Economics, Business and Accounting, Page 1-10
DOI: 10.9734/AJEBA/2016/28778

International Accounting Standard (IAS) 37 requires Accountants to assign a percentage probability to the expression ‘probable’ when recognizing contingent liability in Financial Statements. A probability of 50% and above qualifies the contingent liability to be recognized; while a probability of below 50% does not. The judgments of Accountants on this issue may be tailored towards assigning probability percentage of less than 50% due to the influence of person-related factors. This study therefore examined the effects of these factors on the recognition of contingent liability in selected listed companies in Nigeria. The study used a population of 197 listed companies in Nigeria and grouped them into eleven strata. A total of two hundred and thirty four (234) Senior Accountants were sampled from the companies using multi-stage sampling technique. The study issued closed ended questionnaire to the sampled Accountants and 188 responses were generated and analyzed. The generated data were measured using a probability percentages (1-20%, 21-40%, 41-60%, 61-80% and 80-100%) assign to the questions raised in the questionnaire by respondents. A test of reliability on the data using Cronbach’s Alpha test gave a value of 0.824. The study used one-way Analysis of Variance (ANOVA) to test the hypotheses formulated. Result of analysis showed that: knowledge of IAS 37, educational/professional qualifications, and previous experience significantly affected the recognition of contingent liability with P = 0.00, 0.00, and 0.02 respectively. Based on the findings, the study recommends that, the problem of assigning lower probability percentage below the threshold to the expression ‘Probable’ as set out by IAS 37 should be corrected through organizing capacity building workshops for Accountants on issues related to IFRS. Similarly the study recommends that individual Accountants should improve their level of knowledge of IAS 37 above the average level for the discharge of quality accounting judgments. Accountants who acquired school certificates only, should pursue professional qualifications as well for an improved Judgments on recognition of contingent liability. In the same vein, Accountants should increase the frequency of their Accounting Judgement performance and should adhere to the laid down rules and regulations of the companies in which they work.

Open Access Original Research Article

Decision to Use Electronic Banking by Bank Customers in a Rural Economy

Nsikak-Abasi A. Etim, Glory E. Edet

Asian Journal of Economics, Business and Accounting, Page 1-9
DOI: 10.9734/AJEBA/2016/29449

An empirical study of bank customers decision to adopt electronic banking was investigated using cross sectional data set. Using the multi-stage sampling procedure, a total of 120 customers were selected. With the aid of questionnaire, primary data were obtained for a period of 3 months. Data were analyzed using univariate probit regression model. Results revealed that whereas age, monthly income, education and distance to nearest bank of customers were significant and positively related to the willingness of bank customers to adopt electronic banking, household size was significant (p<0.05) and negatively related to the customers willingness to use electronic banking. Findings suggest the need to increase the number and proximity of automated teller machines (ATM) located in the rural communities and households to encourage customers use of electronic banking facilities.

Open Access Original Research Article

A Transaction Cost Economics Analysis of Corruption: Survey Evidence from Public Healthcare Services in Vietnam

Phuc-Hai Nguyen, Xuan-Nam Pham

Asian Journal of Economics, Business and Accounting, Page 1-17
DOI: 10.9734/AJEBA/2016/30658

This study aims to investigate the internal stability of corrupt transaction. By employing survey data of 274 public healthcare service users, through the lens of transaction cost economics, we revealed that social capital can play role of safeguard for a corrupt transaction. Moreover, the paper provides evidence to support hypothesis that parochial corruption has greater stability in comparison with market corruption. Hence, corruption is regarded as identity-specific transaction, and anti-corruption policy should focus on creating high transaction cost environment for this phenomenon.