Does Marketing Activity Contribute to a Society's Well-Being? The Role of Economic Efficiency

M. Joseph Sirgy, Grace B. Yu, Dongjin Lee, Shuqin Wei, Ming Wei Huang

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

Does the level of marketing activity in a country contribute to societal well-being or quality of life? Does economic efficiency also play a positive role in societal well-being? Does economic efficiency also moderate or mediate the marketing activity effect on societal well-being? Marketing activity refers to the pervasiveness of promotion expenditures and number of retail outlets per capita in a country. Economic efficiency refers to the extent to which the economy is unhampered by corruption, burdensome government regulation, and a large informal economy. We used secondary data from the World Bank and other statistical sources to answer these questions. Our study findings suggest that both marketing activity and economic efficiency contribute positively to societal well-being, and that economic efficiency plays more of a mediator than moderator role between marketing activity and societal well-being. The public policy implication of this study is that increases in marketing activity and economic efficiency in countries characterized as low on both dimensions should significantly increase the quality of life in those countries.

Original languageEnglish
Pages (from-to)91-102
Number of pages12
JournalJournal of Business Ethics
Volume107
Issue number2
DOIs
Publication statusPublished - 2012 May 1

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Business, Management and Accounting(all)
  • Arts and Humanities (miscellaneous)
  • Economics and Econometrics
  • Law

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