Cluster Analysis of Market Potential in Emerging Markets: A Dynamic Research based on Markov Chain
The emerging economy is playing an important role in the global market. Market potential of emerging markets is also a determinant in a wide range of market decisions of the global managers. For the reason that the market potential consists of a number of different factors across different countries, this research divides the emerging market countries into different clusters, and analyzes their different attributes by cluster analysis. Also, the network relationships between the emerging markets and their attributes across different clusters are further researched. It is found that countries at a higher level of market potential also show a higher level of economic freedom, commercial infrastructure, market intensity and market consumption capacity. With the development of their economies, the emerging markets have experienced different transitions. This research further estimates the switching probabilities across different clusters by a Markov chain model. Future ratios of different country clusters in the emerging markets are also forecasted. This research will be helpful to the global managers and cross-border investors in developing a further understanding of future changes in market potentials of different emerging markets.
Volume (Year): (2013)
Issue (Month): 4 (December)
|Contact details of provider:|| Postal: Casa Academiei, Calea 13, Septembrie nr.13, sector 5, Bucureşti 761172|
Phone: 004 021 3188148
Fax: 004 021 3188148
Web page: http://www.ipe.ro/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Oded Netzer & James M. Lattin & V. Srinivasan, 2008. "A Hidden Markov Model of Customer Relationship Dynamics," Marketing Science, INFORMS, vol. 27(2), pages 185-204, 03-04.
- Masahiro Fukuhara & Yasufumi Saruwatari, 2007. "A Model Forecasting Risk for Emerging Market Currencies," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 14(4), pages 325-340, December.
- Peter J Buckley & L Jeremy Clegg & Adam R Cross & Xin Liu & Hinrich Voss & Ping Zheng, 2007. "The determinants of Chinese outward foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 38(4), pages 499-518, July.
- Alan M Rugman & Alain Verbeke, 1992. "A Note on the Transnational Solution and the Transaction Cost Theory of Multinational Strategic Management," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 23(4), pages 761-771, December.
- Piyush Tiwari & Hidekazu Itoh & Masayuki Doi, 2003. "Shippers' Port and Carrier Selection Behaviour in China: A Discrete Choice Analysis," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 5(1), pages 23-39, March.
- Wenyu Dou & Hairong Li & Nan Zhou & Chenting Su, 2010. "Exploring relationship satisfaction between global professional service firms and local clients in emerging markets," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 41(7), pages 1198-1217, September.
When requesting a correction, please mention this item's handle: RePEc:rjr:romjef:v::y:2013:i:4:p:218-231. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Corina Saman)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.