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Book part
Publication date: 17 June 2024

Kirti Khanna, Vikas Sharma and Munish Gupta

COVID-19 has been the subject of a number of inquiries recently. All country's capital market practices have been affected by the COVID-19 outbreak. Economic woes, along with the…

Abstract

Introduction

COVID-19 has been the subject of a number of inquiries recently. All country's capital market practices have been affected by the COVID-19 outbreak. Economic woes, along with the stock market crash, have hit emerging markets and developing economies in a variety of directions.

Purpose

This study is an attempt to focus on the Indian economy to provide the gist of the situation and recovery mode of an economy with the help of growth indicators of the economy.

Methodology

This study is based on secondary data. The researchers applied some econometric tools, viz, unit root test Augmented Dickey-Fuller (ADF), Panel Granger Causality, and Panel ARDL Bound Test were applied to examine the relationship of economic indicators and stock market benchmark in two periods: March 2020–June 2021 (during period) and July 2021 to March 2022 (post period).

Findings

The findings of this study explored the different causal relationships for the selected variables in both periods. The study discussed the reasons for ARDL (Auto Regressive Distributed Lag) bound for all selected factors. The study revealed the story of crude oil prices and Gold as trusted investment avenues during the crises.

Significance/Value

As we know, the capital market's backlash is reflected in movements in stock prices and stock exchange volume, which are concerned with the economic effects of the pandemic and urged the segment to react. Investors can use the information in the event to make investment decisions.

Book part
Publication date: 17 June 2024

Murat Ertuğrul and Mustafa Hakan Saldi

The study is called for to eliminate the noise between the significant macro variables from the perspective of the cause-and-effect approach to indicate why and how the return of…

Abstract

Introduction

The study is called for to eliminate the noise between the significant macro variables from the perspective of the cause-and-effect approach to indicate why and how the return of solar projects is being affected by these.

Purpose

The study aims to investigate the spread between unit selling electricity prices of a monthly production of 250 KW solar project installed in Türkiye and USD/TRY.

Methodology

A relational framework is designed by drawing on the variables determined as crude oil prices, United States (US) 2-year yield, Dollar Index (DXY), USD/TRY, the annual inflation rate of Türkiye, and unit selling electricity prices. Then, a multivariate approach is performed through Matlab to analyse the correlational relationships and structure the curve estimation models.

Findings

The observations show that the gradually rising spread between unit selling electricity price and USD/TRY signals the reduction in return-on-investment rate of solar energy projects because of the particular causes of the European energy crisis by the reason of Russia and Ukraine war and escalating risks in DXY and US treasury yields as a result of federal fund rate hikes against inflationary pressures. Solar energy investments are delicate instruments to global oil shocks and higher DXY in controlling Inflation and currency volatility; therefore, resilient policies should solicit the demand because of environmental and economic reasons to reduce the external dependency of Türkiye.

Book part
Publication date: 17 June 2024

Nassir Ul Haq Wani

Using different trade indices spanning 2018–2021, this chapter investigates Afghanistan's current patterns, prospects and barriers for intra- and inter-regional trade…

Abstract

Using different trade indices spanning 2018–2021, this chapter investigates Afghanistan's current patterns, prospects and barriers for intra- and inter-regional trade perspectives, emphasising the different pathways by which Afghanistan trades with Central Asian economies. The empirical findings demonstrate that the anticipated significance of trade between Afghanistan and Central Asia is double compared to the existing levels of trade. Furthermore, the analysis encompasses the categorisation of sectors based on the intensity of usage of production factors like resource, labour and technology. The analysis further elaborates on Afghanistan's trade potential with Central Asia and vice versa by highlighting the comparative advantage, diversification, complementarity and similarity in trade. The findings suggest that larger economies are rated higher than smaller ones as size and development level are essential factors in regional trade development. The most effective channels of regional trade development are price competitiveness measures, intra-industry trade and trade complementarities. These findings have a substantial influence on the development of different trade policy efforts to stimulate investment and trade within and among the two regions.

Details

Policy Solutions for Economic Growth in a Developing Country
Type: Book
ISBN: 978-1-83753-431-9

Keywords

Book part
Publication date: 7 June 2024

Mary Katherine Scott

This chapter will examine two questions. First, how can art and cultural heritage contribute to the health and well-being of a place within the context of the tourism industry…

Abstract

This chapter will examine two questions. First, how can art and cultural heritage contribute to the health and well-being of a place within the context of the tourism industry? More specifically, can cultural tourism be a driver for community sustainability, that is, not only environmental sustainability but also social empowerment, cultural preservation, and economic vitality? To explore these questions, the author begins by establishing the ways art and environment are closely intertwined, while pondering how cultural production generally – along with the cultural tourists it attracts – can be a driver for sustainability in tourism settings. The benefits that the arts draw from the environment as well as the ways the environment benefits from the arts will be examined. In the next section, the author unpacks how cultural tourism, and more specifically art production, can be drivers for environmental sustainability through social and eco-entrepreneurship and the creation of a shared social value. In the third section, the author identifies some of the challenges inherent in government regulation and preservation of cultural heritage sites. The author argues that communication, cooperation, and relationship building, not just between governing bodies and private stakeholders, but with residents and tourists, should be prioritized in destination management and marketing strategies. In the end, the author proposes that this type of strategy is vital in order to move toward greater cultural, environmental, social, economic, and other kinds of sustainability in the tourism industry.

Details

From Local to Global: Eco-entrepreneurship and Global Engagement with the Environment
Type: Book
ISBN: 978-1-83549-277-2

Keywords

Content available
Book part
Publication date: 7 June 2024

Gennaro Maione

Abstract

Details

Sustainable Innovation Reporting and Emerging Technologies
Type: Book
ISBN: 978-1-83797-740-6

Book part
Publication date: 12 June 2024

Anukrati Sharma and Shruti Arora

This chapter investigates the concept and relationship between community pride, involvement, and participation needs in the sustainable tourism development. The study will also…

Abstract

This chapter investigates the concept and relationship between community pride, involvement, and participation needs in the sustainable tourism development. The study will also try to find out how local communities are involved in various activities and practices for the development of the sustainable tourism. Local community participation in tourism activities has become one of the major principles of sustainable tourism. As tourism is a people-oriented industry, its major functions depend on human resources. A significant number of communities depend on tourism as a primary source of income. Tourism contributes to the growth of a community because it creates a lot of jobs in the various industries associated with tourism.

Details

Strategic Tourism Planning for Communities
Type: Book
ISBN: 978-1-83549-016-7

Keywords

Book part
Publication date: 20 June 2024

Randa Diab-Bahman

Abstract

Details

Sustainable Business in the Arab Region: Corporate Social Responsibility vs Culture
Type: Book
ISBN: 978-1-83549-327-4

Abstract

Details

Understanding Products as Services: How the Internet and AI are Transforming Product Companies
Type: Book
ISBN: 978-1-83797-824-3

Book part
Publication date: 12 June 2024

Elif BAK ATEŞ and Gül ERKOL BAYRAM

This chapter aims to highlight practices that ensure a livable climate and support the creation of a greener and more sustainable environment for community-based tourism in the…

Abstract

This chapter aims to highlight practices that ensure a livable climate and support the creation of a greener and more sustainable environment for community-based tourism in the case of Turkey. Green tourism needs to be improved and enhanced integrally from the perspective of tourism stakeholders, including tour operators, travel agencies, hotels, guests, and the host community. Turkey is the first country in the world to apply the green tourism certification system. It is a system very similar to the safe certificate system applied in tourism facilities. In Turkey, 4–5 star hotels are obliged to switch to this system. Community-based tourism is an alternative tourism approach that meets the needs and wishes of the host people, provides a more sustainable economy compared to other economic activities, and does not harm local culture and traditions. Global climate change and tourism are in a relationship with each other, and this relationship is even more evident for nature-based tourism types. Climate, natural environment, and personal security are seen as three main factors in the selection of a tourism center, and it is predicted by the Intergovernmental Panel on Climate Change that global climate change will have significant effects on these factors at the regional level. The United Nations World Tourism Organization accepts that the tourism industry should develop its potential to adapt to global warming, considering that the tourism industry is an economic sector that is open to the direct and indirect effects of climate change and is dependent on climate.

Details

Strategic Tourism Planning for Communities
Type: Book
ISBN: 978-1-83549-016-7

Keywords

Book part
Publication date: 17 June 2024

Nassir Ul Haq Wani

Export product concentration is common in developing nations, where raw materials and semi-manufactured commodities face rigid demand in international markets. This leads to the…

Abstract

Export product concentration is common in developing nations, where raw materials and semi-manufactured commodities face rigid demand in international markets. This leads to the monopolisation of exports, particularly when targeting the developed world. Association of Southeast Asian Nations (ASEAN) and South Asian Association for Regional Cooperation (SAARC) nations have prioritised diversification to boost exports and per capita income, globalising their economies. The normalised Hirschman index is employed to analyse the determinants influencing the diversification of exports in ASEAN and SAARC countries from 2018 to 2021. Except for the fuel intensity variable, the results show that structural transformation, competitive advantages, industrial sector expansion, institutional capability, local investment development, financial stability and overall economic performance positively promote export diversification intensity. The key result is that institutional strength helps nations rapidly diversify their exports, highlighting the importance of structural transformation in boosting exports and globalising economies.

Details

Policy Solutions for Economic Growth in a Developing Country
Type: Book
ISBN: 978-1-83753-431-9

Keywords

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