A new study by Turner College economist Wen Shi and her colleagues Wei Sun and Yi Zhou, both of Grand Valley State University, empirically assesses whether Laos is a suitable candidate for a potential Renminbi zone under the Belt and Road Initiative (BRI). More specifically, the authors combine optimum currency area theory with a two-country structural model to identify structural shocks and analyze the impacts of China’s supply and demand shocks on Laos’ gross domestic product and price level. The paper, set to appear in a future issue of the Journal of Chinese Economic and Foreign Trade Studies, finds that the BRI has played a positive role in promoting Laos−China economic integration. Over time, the effects of China’s macroeconomic shocks not only increased but also became the dominant force driving Laos’ economy during the BRI period of 1999–2023. Ultimately, the findings suggest that joining a Renminbi zone may be feasible for Laos as the BRI continues to strengthen economic ties between the two countries.
The long-awaited journal review being conducted by the Australian Business Deans Council (ABDC) has been released and there are a number of news items that relate to faculty in the Turner College. One of these is the ABDC's decision to now include Compensation and Benefits Review in its journal rankings. This is big news for the Turner College as its editor, Phil Bryant , is a professor of management in the Turner College. The ABDC is proposing that the journal enter its system for the first time as a C-rated journal. Acting Turner College Dean Tesa Leonce sits on the journal's editorial board, while Turner College management professor Mark James has guest-edited an issue of the journal. Published by SAGE, Compensation & Benefits Review is the leading journal for senior executives and professionals who design, implement, evaluate and communicate compensation and benefits policies and programs. The journal supports compensation and benefits specialists and academic ex...

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