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1 – 10 of over 2000Inzamam Ul Haq, Chunhui Huo and Irum Saba
This paper aims to examine the dynamic relationship between economic growth and sustainable development, integrating the Environmental Kuznets Curve (EKC) in 22 Organization of…
Abstract
Purpose
This paper aims to examine the dynamic relationship between economic growth and sustainable development, integrating the Environmental Kuznets Curve (EKC) in 22 Organization of Islamic Cooperation (OIC) member countries across income groups.
Design/methodology/approach
Using annual data between 1990 and 2022, the authors apply the cross-correlation coefficient (CCC) approach of Narayan et al. (Economic Modeling, 2016, 53, 388–397) to examine the lead/lag relationship between GDP per capita and sustainable development. This study further validates the findings through a panel Granger causality test and a fixed panel regression model.
Findings
This research provides evidence of a U-shaped EKC for only 1 out of 22 (5%) OIC countries. For 13 out of the 22 (59%) OIC countries, increasing income growth is expected to enhance sustainable development in the future. The results show that as income levels rise, there will be a more significant decline in sustainable development for high-income OIC countries in the future than for both middle-income groups, contradicting the EKC hypothesis. The findings from the panel Granger causality and panel regression models also support the CCC results.
Originality/value
This study proposes a reverse version of the EKC hypothesis and contributes to the literature on economic growth and environmental sustainability. With increasing economic growth, the results can assist OIC member governments and policy-makers in designing tailored policies and practical measures for future sustainable development.
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Qingqing Zhou and Tianyang Guan
As an important part of national governance, the online communication of education policies usually attracts the attention of many subjects, including the public and the media…
Abstract
Purpose
As an important part of national governance, the online communication of education policies usually attracts the attention of many subjects, including the public and the media. Existing research mainly focuses on analysing communication behaviour of a single subject. However, with the rapid development of social media, policy information communication is often accompanied by the participation of multiple subjects and forms diversified communication behaviours and interaction patterns. The comprehensive identification of multiple subjects and their interactions can accurately depict the communication process and effectively support the efficient communication of policies. Therefore, this paper aims to conduct fine-grained analysis on the multiple subjects in information communication of the education policy.
Design/methodology/approach
This paper explored the communication and interaction process of the education policy via multidimensional analysis. Specifically, the authors firstly obtained multi-source communication data to identify key communication subjects. Secondly, the authors mined the communication contents generated by communication subjects to measure the diversified correlations between subjects. Finally, the authors depicted the interaction of subjects in policy information communication.
Findings
The experimental results reveal that there are multiple key subjects in the policy information communication, and the communication roles of the subjects change with the communication process, including dominance role, one-way or two-way effect role. This further indicates the need to allocate resources dynamically in the process of policy communication.
Originality/value
Analysing the process of policy communication and identifying the dynamic interaction between communication subjects can provide more a comprehensive and detailed decision-making basis for policy formulation and implementation. In addition, the research ideas and methods presented in this paper expand the perspective of information communication research.
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Christopher M. Castille and Larry J. Williams
In this chapter, the authors critically examine the application of unmeasured latent method factors (ULMFs) in human resource and organizational behavior (HROB) research, focusing…
Abstract
In this chapter, the authors critically examine the application of unmeasured latent method factors (ULMFs) in human resource and organizational behavior (HROB) research, focusing on addressing common method variance (CMV). The authors explore the development and usage of ULMF to mitigate CMV and highlight key debates concerning measurement error in the HROB literature. The authors also discuss the implications of biased effect sizes and how such bias can lead HR professionals to oversell interventions. The authors provide evidence supporting the effectiveness of ULMF when a specific assumption is held: a single latent method factor contributes to the data. However, the authors dispute this assumption, noting that CMV is likely multidimensional; that is, it is complex and difficult to fix with statistical methods alone. Importantly, the authors highlight the significance of maintaining a multidimensional view of CMV, challenging the simplification of a CMV as a single source. The authors close by offering recommendations for using ULMFs in practice as well as more research into more complex forms of CMV.
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Abstract
Purpose
This study aims to systematically reveal the complex interaction between uncertainty and the international commodity market (CRB).
Design/methodology/approach
A composite uncertainty index and five categorical uncertainty indices, together with wavelet analysis and detrended cross-correlation analysis, were used. First, in the time-frequency domain, the coherency and lead-lag relationship between uncertainty and the commodity markets were investigated. Furthermore, the transmission direction of the cross-correlation over different lag periods and asymmetry in this cross-correlation under different trends were identified.
Findings
First, there is significant coherency between uncertainties and CRB mainly in the short and medium terms, with natural disaster and public health uncertainties tending to lead CRB. Second, uncertainty impacts CRB more markedly over shorter lag periods, whereas the impact of CRB on uncertainty gradually increases with longer lag periods. Third, the cross-correlation is asymmetric and multifractal under different trends. Finally, from the perspective of lag periods and trends, the interaction of uncertainty with the Chinese commodity market is significantly different from its interaction with CRB.
Originality/value
First, this study comprehensively constructs a composite uncertainty index based on five types of uncertainty. Second, this study provides a scientific perspective on examining the core and diverse interactions between uncertainty and CRB, as achieved by investigating the interactions of CRB with five categorical and composite uncertainties. Third, this study provides a new research framework to enable multiscale analysis of the complex interaction between uncertainty and the commodity markets.
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Filippo Ferrarini, Silvia Muzzioli and Bernard De Baets
The measurement of regional competitiveness is becoming essential for policymakers to address territorial disparities, while considering the issue of correlations among…
Abstract
Purpose
The measurement of regional competitiveness is becoming essential for policymakers to address territorial disparities, while considering the issue of correlations among indicators. Therefore, the purpose of this paper is to measure regional competitiveness using the Technique for Order Preference by Similarity to the Ideal Solution (TOPSIS) by considering different distance measures and two levels of analysis to provide a comparative and comprehensive measurement of regional competitiveness in Europe.
Design/methodology/approach
The authors apply TOPSIS based on three different distance measures (the Manhattan, the Euclidean and the Mahalanobis distance measures) to the regions of the EU Regional Competitiveness Index (RCI) 2019, which is taken as the frame of reference.
Findings
The authors replicate the RCI by using TOPSIS with a less preferred choice of distance measure, indicating TOPSIS as a valuable method for policymakers in the analysis of regional competitiveness. The authors argue in favour of the Mahalanobis distance measure as the best of the three, as it considers correlations among macro-economic indicators.
Originality/value
This study aims to make three contributions. Firstly, by replicating the RCI by means of TOPSIS with a less preferred choice of distance measure, the paper provides a benchmark for future research on regional competitiveness. Secondly, by suggesting the use of TOPSIS with the use of the Mahalanobis distance measure, the authors show how to measure regional competitiveness by taking into account correlations among pillars. Thirdly, the authors argue in favour of considering clusters of regions when measuring regional competitiveness.
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Nnedinma Umeokafor, Abimbola Windapo and Oluwole Alfred Olatunji
The purpose of this study is to investigate the influences of the characteristics of procurement strategies, in this instance labour-only, on project performance concerning health…
Abstract
Purpose
The purpose of this study is to investigate the influences of the characteristics of procurement strategies, in this instance labour-only, on project performance concerning health and safety (H&S), a project performance indicator.
Design/methodology/approach
Using non-probability purposeful and snowballing sampling methods, questionnaires were used to collect data from construction professionals in Nigeria. This was then analysed using descriptive (frequency and mean scores) and inferential statistics (Mann–Whitney-U and Kendall's Tau_b tests).
Findings
The findings indicate a statistically significant negative correlation between ‘the level of client involvement and ‘fatalities' and a positive one with ‘conducting of health and safety risk assessment' and ‘conducting employee surveys on health and safety attitude’. Poor hygiene is found to be the worst lagging indicator, while conducting of inspection is the most adopted leading indicator of project health and safety performance. It also emerged that there is no significant difference in the health and safety performance of projects procured through the procurement strategy in urban and rural areas.
Practical implications
The study provides valuable insight into the complexities in H&S management due to the high level of client involvement in labour-only procurement system (LoPS) projects and the level of diversity in their responsibilities therein. It creates a fundamental direction for developing a detailed framework or guidance notes for client involvement in the integration of H&S into LoPS projects.
Originality/value
This is the first study that examines the influence of the characteristics of procurement strategy on project health and safety performance. Evidence in the literature shows that project delivery outcomes significantly improve if procurement is strategically used, including when it is considered early in projects. However, integrating H&S into procurement strategies has received little attention.
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Raphael Timothy Steffen, Michael Robert Tucker, Francesco Sillani, Denis Schütz and Markus Bambach
For additive manufacturing (AM) through laser-based powder bed fusion of polymers (PBF-LB/P), accurate characterization of powder flowability is vital for achieving high-quality…
Abstract
Purpose
For additive manufacturing (AM) through laser-based powder bed fusion of polymers (PBF-LB/P), accurate characterization of powder flowability is vital for achieving high-quality parts. However, accurately characterizing feedstock flowability presents challenges because of a lack of consensus on which tests to perform and the diverse forces and mechanisms involved. This study aims to undertake a thorough investigation into the flowability of eight feedstock materials for PBF-LB/P at different temperatures using various techniques.
Design/methodology/approach
For ambient temperature assessments, established metrics such as avalanche angle and Hausner ratio, along with the approximated flow function coefficient (FFCapp), are used. The study then focuses on the influence of elevated temperatures representative of in-process conditions. FFCapp and differential scanning calorimetry (DSC) are performed and analyzed, followed by a correlation analysis as a holistic approach to identify key aspects for flowability. Furthermore, two feedstock materials are compared with a previous study to connect the present findings to PBF-LB/P processing.
Findings
The study revealed intrinsic material properties such as mechanical softening near the melting point to become significant. This partially explains why certain powders with poor ambient temperature flowability are consistently demonstrated to produce high-quality parts. FFCapp and thermal characterization through DSC are identified as critical metrics for optimizing feedstock material characteristics across temperature ranges.
Originality/value
Previous studies emphasized specific characterizations of feedstock material at ambient temperature, presented a limited materials selection or focused on metrics such as shape factors. In contrast, this study addresses a partially understood aspect by examining the critical role of temperature in governing feedstock material flowability. It advocates for the inclusion of temperature variables in flowability analyses to closely resemble the PBF-LB/P process, which can be applied to material design, selection and process optimization.
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Tiankai Liang, Seiko Goto and Minkai Sun
The design of Japanese gardens is a naturalistic style, and previous studies have shown the relaxation effects by viewing a Japanese garden. The purpose of this study is to find a…
Abstract
Purpose
The design of Japanese gardens is a naturalistic style, and previous studies have shown the relaxation effects by viewing a Japanese garden. The purpose of this study is to find a trend of eye movement in viewing a Japanese garden and elucidate the relationship between eye movements and relaxation effects compared to a geometric garden.
Design/methodology/approach
A Japanese-style garden and a geometrically designed herbal garden were selected for the experiment. Participants' eye movement and heart rate were measured during their 5-min observation of the garden to assess their physiological responses. Additionally, POMS-SF was used to assess their psychological responses.
Findings
Pearson correlation analysis revealed a stronger significant correlation between eye movement data and relaxation mechanisms in the Japanese garden. Compared to the herbal garden, the Japanese garden had more fixations and faster eye movement speed, and better relaxation effects.
Practical implications
This study suggests that exploring the relationship between design, eye movement, and relaxation mechanisms from different perspectives of landscape design is feasible. For example, our results demonstrate that the layout of landscape elements, texture, details, and maintenance in the Japanese garden hold participants' longer attention, resulting in a better relaxation effect.
Originality/value
This study clarified how a garden design can manipulate eye movements to induce relaxing effects.
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This paper investigates potential safe haven assets for Middle East and North Africa (MENA) stock markets during the uncertainty period of the COVID-19 pandemic.
Abstract
Purpose
This paper investigates potential safe haven assets for Middle East and North Africa (MENA) stock markets during the uncertainty period of the COVID-19 pandemic.
Design/methodology/approach
This study applies the dynamic conditional correlation–generalized autoregressive conditionally heteroskedastic (DCC-GARCH) model and the Diebold–Yilmaz spillover index for ten MENA stock markets, three precious metals and Bitcoin for the period 2013–2021.
Findings
Empirical results show, on the one hand, that the COVID-19 crisis risk has been transmitted to MENA stock markets through volatility spillover across markets. This has increased the conditional volatility for all markets. On the other hand, findings point out that the dynamic correlation between the precious metals/Bitcoin and stock markets is not stable and switches between low positive and negative values during the period under studies. Extending analysis to portfolio management, results reveal that investors should include precious metals/Bitcoin in their portfolio of stocks in order to reduce the risk of the portfolio. Finally, for the period of COVID-19, the analysis concludes that gold preserves its traditional role as a safe haven for MENA stock markets during the pandemic, while Bitcoin fails to provide this property.
Practical implications
These results have several implications for international investors, risk managers and financial analysts in terms of portfolio diversifications and hedging strategies. Indeed, the exploration of the volatility connectedness between financial, commodity and cryptocurrency markets becomes an essential task for all market participants during the COVID-19 outbreak. Such analysis can help investors and portfolio managers to evaluate the risk of investments in the MENA stock markets during the crisis period and to achieve the optimal diversification strategy and hedging instruments.
Originality/value
The paper interests MENA stock markets that experienced the last decade a substantial development in terms of market capitalization and number of listed firms. To the author’s knowledge, this is the first study that investigates the dynamic correlation between MENA stock markets and four potential safe haven assets, including three precious metals and Bitcoin. In addition, the paper employs two types of models, namely the DCC-GARCH model and the Diebold-Yilmaz spillover index.
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Yahuza Abdul Rahman, Anthony Kofi Osei-Fosu and Daniel Sakyi
This paper examines correlations of the underlying structural shocks and the degree of synchronization in the impulse responses of output, inflation and trade to a one standard…
Abstract
Purpose
This paper examines correlations of the underlying structural shocks and the degree of synchronization in the impulse responses of output, inflation and trade to a one standard deviation shock to non-oil commodities price index and exchange rates within the West African Monetary Zone (WAMZ) countries from 1990q1 to 2020q1.
Design/methodology/approach
This paper uses the structural vector autoregressive model to isolate the underlying structural shocks and compares them with the West African Monetary Union (WAEMU) countries.
Findings
Findings from the study suggest that correlations of underlying structural shocks are more profound in the WAEMU than in the WAMZ. Impulse responses of output to price and exchange rate shocks are more symmetric in the WAEMU than in the WAMZ. However, impulse responses of inflation to price and exchange rate shocks are symmetric in the WAMZ than in the WAEMU and responses of trade in both sub-groups are not uniform.
Practical implications
The paper concludes that the WAMZ does not constitute an Optimum Currency Area concerning the correlations of the structural shocks and output. However, it has achieved convergence in inflation and there are adequate adjustment mechanisms to shocks in the WAMZ than in the WAEMU. Therefore, the WAMZ may not suffer from joining the monetary union. Thus, economic Community of West African States may take steps to roll out the monetary union.
Originality/value
The paper examines correlations of the underlying structural shocks, impulse responses of output and inflation to shocks to commodities price and exchange rates in the WAMZ and compares them with the WAEMU.
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