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Article
Publication date: 1 January 2016

Mohammad reza Ghane and Mohammad Reza Niazmand

The study aims to monitor the status of open access (OA) journals published in Developing 8 (D-8) countries, i.e. Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan…

Abstract

Purpose

The study aims to monitor the status of open access (OA) journals published in Developing 8 (D-8) countries, i.e. Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.

Design/methodology/approach

The authors' web-based data sources for journal-based metrics were the Directory of Open Access Journals (DOAJ), Thomson Reuters (Journal Citation Reports [JCR], which provided journal impact factors [JIF]) and Scopus (source normalized impact per paper [SNIP] and SCImago journal rank [SJR]). The authors obtained information about journals published before 2000 to 2014. From the JCR, JIF, Rank in Category, Total Journals in Category, Journal Rank in Category, and Quartile in Category were used.

Findings

The authors' identified 1,407 OAJ published in D-8 countries. Egypt published the most journals (490) and Bangladesh the fewest (29). Egypt, Iran and Turkey accounted for approximately 73.5 per cent of all journals. At the time of study, 10,162 journals were registered in DOAJ, and 13.8 per cent of them were published in D-8 countries. The mean JIF for all journals from individual countries was highest for Pakistan (0.84), followed by Iran (0.74) and Turkey (0.57). The mean SNIP for all journals from each country was highest for Nigeria (0.57), followed by Egypt (0.57) and Pakistan (0.51).

Practical implications

The widespread use of OA publishing models in D-8 countries will boost accessibility of their journals’ content and ultimately impact research in D-8 states.

Originality/value

Journals published in Egypt, Iran and Turkey account for approximately three-fourths of all OA journals published in D-8 countries. More than one-third (38 per cent) of the journals the authors studied used a Creative Commons (CC) BY license, a hallmark of OA research findings. Most of the journals with a JIF were in the JCR Medical Sciences category (60 per cent). As the number of journals in D-8 countries increases, publishers should attempt to make their journals eligible for indexing in-citation databases. The authors recommend efforts to improve the quality of journals in other subject categories, so that as many as possible become eligible for indexing in JCR.

Details

The Electronic Library, vol. 34 no. 5
Type: Research Article
ISSN: 0264-0473

Keywords

Article
Publication date: 29 October 2019

Umar Habibu Umar, Muhammad Bilyaminu Ado and Habibu Ayuba

The purpose of this study is to establish whether religion (interest) is an impediment to Nigeria’s financial inclusion targets to be achieved by the year 2020.

Abstract

Purpose

The purpose of this study is to establish whether religion (interest) is an impediment to Nigeria’s financial inclusion targets to be achieved by the year 2020.

Design/methodology/approach

The data were collected through semi-structured interviews and documentary evidence. Thematic analysis was used to analyze the interview responses.

Findings

It was found that all the Central Bank of Nigeria (CBN) programs that contribute toward achieving financial inclusion are interest-based ones. Further, none of them provides a non-interest window except Commercial Agricultural Credit Schemes (CACS). Even the CACS is not fully Shari’a-compliant, as it requires further modification. Despite the fact that interest is condemned in Islam, a majority of Muslims have been found to be accessing interest-based funds. Hence, interest is not a factor that hinders the achievement of reducing Nigeria’s financial exclusion rate to 20 per cent by the year 2020.

Research limitations/implications

This study inquired into the programs under the Development Finance Department of the CBN by using semi-structured interviews and documentary evidence. Other programs of the federal government, state governments, NGOs and other private organizations and individuals are not considered. The findings have pointed out the areas to conduct future studies on religion and financial inclusion.

Practical implications

Although Muslims who complained about interest are a minority, there is the need to provide non-interest windows in the programs before they start shunning these programs, as a lot influential Muslim scholars are currently preaching against the interest.

Originality/value

The paper is one of the few studies that support the view that interest does not hinder the achievement of financial inclusion in a Muslim majority country.

Details

Qualitative Research in Financial Markets, vol. 12 no. 3
Type: Research Article
ISSN: 1755-4179

Keywords

Article
Publication date: 18 February 2022

James Temitope Dada, Adams Adeiza, Noor Azizi Ismail and Marina Arnaut

Motivated by the conflicting evidence on the effect of financial development on environmental quality, this study investigates the moderating role of institutional quality in the…

Abstract

Purpose

Motivated by the conflicting evidence on the effect of financial development on environmental quality, this study investigates the moderating role of institutional quality in the link between financial development and environmental quality using a robust proxy in Malaysia from 1984 to 2017.

Design/methodology/approach

Ecological footprint is used to measure environmental quality, while financial development is proxied using three measures (domestic credit provided by the private sector, domestic credit provided by the financial sector and domestic credit provided by the banking sector). An index of institutional quality is generated from voice and accountability, government effectiveness, regulatory quality, rule of law and control of corruption. Autoregressive Distributed Lag Bounds Test, Fully Modified Ordinary Least Square and Canonical Cointegrating Regression were used as the estimation techniques.

Findings

The results show that financial development, institutional quality, economic growth and foreign direct investment improve environmental quality in the short run, whereas trade openness and natural resources worsen it. In the long run, financial development, institutional quality, economic growth, trade openness and natural resources deteriorate the environment. Furthermore, findings from the interactive term suggest that institutions and financial development complement each other to affect the environment in the short run. However, institutions and financial development perform a substitutability role in influencing the environment in the long run.

Practical implications

The outcome of this study suggests that there are time lags in the relationship between institutional quality, financial development and ecological footprint in Malaysia. Furthermore, the study offers important policy implications to policymakers in Malaysia and other developing countries on how to mitigate environmental degradation.

Originality/value

This study contributes to the body of knowledge on the moderating role of institutional quality in the relationship between financial development and ecological footprint in Malaysia. It examines the direct and indirect effects of financial development on environmental degradation through institutional quality, which have received less attention in the context of Malaysia. The findings from this study are robust to different proxies and estimation techniques.

Details

Management of Environmental Quality: An International Journal, vol. 33 no. 4
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 5 March 2018

Jameel Ahmed, Ahamed Kameel Mydin Meera, Muhammad Yusuf Saleem and Patrick Collins

This paper aims to apply the doctrine of siyasah shariyyah to a policy proposal in the area of monetary economics, namely, the Grondona system of conditional currency…

Abstract

Purpose

This paper aims to apply the doctrine of siyasah shariyyah to a policy proposal in the area of monetary economics, namely, the Grondona system of conditional currency convertibility, which has been proposed as a practical means of resisting the economic instability caused by the present-day fiat money system.

Design/methodology/approach

The paper uses library research to review the literature relevant to the Grondona system, and examines the extent to which its operations conform to the principle of siyasah shariyyah, thereby encouraging Maslahah, i.e. the public interest.

Findings

It has been found that the Grondona system conforms to the philosophy of siyasah shariyyah because it promotes public welfare in a number of ways. First, it is based on the fundamental principle of Prophet Yusuf’s/Joseph (peace be upon him) economic planning, which is accumulating reserves of primary commodities during times of plenty and releasing those reserves of commodities during periods of scarcity. Second, it provides the necessary linkage between the monetary world and the real economy. Third, it could be implemented in parallel with the existing monetary system by using the national currency. Fourth, it would help the least developed countries of the world, which mainly depend on exports of primary commodities (mostly agricultural).

Research limitations/implications

Because of the chosen research approach, this research study is theoretical in nature. Therefore, researchers are encouraged to evaluate the system from economic perspective based on simulation for the purpose of possible implementation.

Practical implications

The paper includes important implications for the policymakers in the Organization of Islamic Cooperation countries for the possible implementation of Grondona system.

Originality/value

This paper fulfils an identified need to apply the philosophy of siyasah shariyyah to the area of monetary economics.

Details

Journal of Islamic Accounting and Business Research, vol. 9 no. 2
Type: Research Article
ISSN: 1759-0817

Keywords

Open Access
Article
Publication date: 9 November 2020

Noha Hesham Ghazy, Hebatallah Ghoneim and Dimitrios Paparas

One of the main theories regarding the relationship between government expenditure and gross domestic product (GDP) is Wagner’s law. This law was developed in the late-19th…

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Abstract

Purpose

One of the main theories regarding the relationship between government expenditure and gross domestic product (GDP) is Wagner’s law. This law was developed in the late-19th century by Adolph Wagner (1835–1917), a prominent German economist, and depicts that an increase in government expenditure is a feature often associated with progressive states. This paper aims to examine the validity of Wagner’s law in Egypt for 1960–2018. The relationship between real government expenditure and real GDP is tested using three versions of Wagner’s law.

Design/methodology/approach

To test the validity of Wagner in Egypt, law time-series analysis is used. The methodology used in this paper is: unit-root tests for stationarity, Johansen cointegration approach, error-correction model and Granger causality.

Findings

The results provide strong evidence of long-term relationship between GDP and government expenditure. Moreover, the causal relationship is found to be bi-directional. Hence, this study provides support for Wagner’s law in the examined context.

Research limitations/implications

It should be noted, however, that there are some limitations to this study. For instance, in this paper, the government’s size was measured through government consumption expenditure rather than government expenditure due to data availability, which does not fully capture the government size. Moreover, the data available was limited and does not fully cover the earliest stages of industrialization and urbanization for Egypt. Furthermore, although time-series analysis provides a more contextualized results and conclusions, the obtained conclusions suffer from their limited generalizability.

Originality/value

This paper aims to specifically make a contribution to the empirical literature for Wagner’s law, by testing the Egyptian data using time-series econometric techniques for the longest time period examined so far, which is 1960–2018.

Details

Review of Economics and Political Science, vol. 6 no. 2
Type: Research Article
ISSN: 2356-9980

Keywords

Book part
Publication date: 9 June 2022

Nneamaka Ilechukwu and Sajal Lahiri

This chapter investigates how international trade affects pollution using annual data from 34 Asian countries for the period 1970–2019. Following the work of Antweiler, Copeland

Abstract

This chapter investigates how international trade affects pollution using annual data from 34 Asian countries for the period 1970–2019. Following the work of Antweiler, Copeland, and Taylor (2001), the authors divide the impact into three effects – scale, technique, and composition effects. The scale of economic activity drives pollution demand. The technique effect reflects increased willingness to bear the costs of abating pollution as a country gets more prosperous because of increased international trade. International trade changes the composition of output in a country and therefore the level of pollution as different goods are produced with different pollution intensities. This is called the composition effect. This chapter measures pollution using carbon dioxide emissions (metric tons per capita) obtained from the United States Energy Information Administration. This study estimates a regression model that provides estimates of the magnitudes of trade’s impact on pollution as per the aforesaid three effects. The authors find that the scale and the composition effects of pollution are positive, but the technique effect is negative, and that the net effect is negative (international trade leads to a lower level of emission) when the underlying model is linear, but it is positive (international trade leads to a higher level of emission when non-linearities are considered).

Details

Environmental Sustainability, Growth Trajectory and Gender: Contemporary Issues of Developing Economies
Type: Book
ISBN: 978-1-80262-154-9

Keywords

Article
Publication date: 15 May 2023

Gildas Dohba Dinga, Dobdinga Cletus Fonchamnyo, Nkoa Bruno Emmanuel Ongo and Festus Victor Bekun

The study examined the impact of financial development, foreign direct investment, market size and trade openness on domestic investment for 119 countries divided into four panels…

Abstract

Purpose

The study examined the impact of financial development, foreign direct investment, market size and trade openness on domestic investment for 119 countries divided into four panels that are low-income countries (LIC), lower middle-income countries (LMIC), upper middle-income countries (UMIC) and high-income countries (HIC) between 1995 and 2019.

Design/methodology/approach

The present study bases its empirical procedure on the bases of the data mix. To this end, based on the presence of cross-sectional dependence, covariate-augmented Dickey–Fuller unit root and Westerlund cointegration second-generation tests were employed to validate the stationarity and cointegration of the variables, respectively. The novel Dynamic Common Correlation Effects estimator was employed to estimate the heterogeneous parameters while the Dumitrescu and Hurlin test was used to test for causality direction of the highlighted variables.

Findings

The empirical results show that market size and trade openness had a positive and statistically significant effect on domestic investment for all the income groups. Results also show that financial development had a positive and statically significant effect on domestic investment only for LMIC and HIC economies, while a positive and statistically insignificant effect was obtained for LIC, UMIC and the global panel. The causality results revealed a bidirectional relationship between domestic investment and the exogenous variables – financial development, foreign direct investment, market size and trade openness.

Research limitations/implications

It is therefore, recommended that LIC and LMIC need to consider harmonising the financial system to lower credit limitations and adopt business-friendly policies. HIC and UMIC should seek more outward FDI policies and harmonise their trade policy, to reap more benefits from FDI and international trade.

Originality/value

On novelty, previous studies have been criticised for the effect on technical innovation of bank financing and institutional quality. This research tackles the deficiency using systematic institutional quality indicators and by taking other variables into account.

Details

Journal of Economic and Administrative Sciences, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1026-4116

Keywords

Article
Publication date: 3 September 2019

Nilaranjan Barik and Puspanjali Jena

This study aims to establish an idea on visibility and growth of research publications of select Library and Information Science (LIS) open access journals indexed in Scopus…

Abstract

Purpose

This study aims to establish an idea on visibility and growth of research publications of select Library and Information Science (LIS) open access journals indexed in Scopus database during the period 2001-2015.

Design/methodology/approach

The study covers its scope to the research publications published during the period 2001-2015. All retrieved data were analyzed using bibliometric methods. The data of the select journals were searched in Scopus database using the name of the journal as search term in source of the database.

Findings

The results of the study reveal that visibility of LIS research articles in country based, university/ institution based, types of document based, authors based and citation based is significant. Authors from 83 countries and 990 universities/ institutions across the world have published their research in such LIS open access journals. The American and European countries are the leaders among all contributing countries and “Article” is the most popular types of documents with 61.37 per cent publications. The citation impact of publications shows an average 8.08 citations per publication.

Originality/value

The study raises concern on the global visibility of LIS research publications. Authors from underdeveloped countries do not prefer to publish their publications in open channel. Also government and other research bodies of these countries do not give proper weightage to the publications in open access journals. So, the study intends to assess the visibility of LIS research publications and their growth pattern.

Details

Library Hi Tech News, vol. 36 no. 7
Type: Research Article
ISSN: 0741-9058

Keywords

Article
Publication date: 31 October 2022

Mohamed Bouteraa, Raja Rizal Iskandar Raja Hisham and Zairani Zainol

Sustainability has become a global need for survival in every field since the side effects of financial development have resulted in environmental devastation. Green banking (GB…

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Abstract

Purpose

Sustainability has become a global need for survival in every field since the side effects of financial development have resulted in environmental devastation. Green banking (GB) has been proposed as a way to reduce the carbon footprint caused by banking operations by promoting paperless financial services through the intensive use of technology. However, the adoption level of GB technology remains unsatisfactory among customers in the United Arab Emirates (UAE). Therefore, using the unified theory of acceptance and use of technology (UTAUT), this study aims to comprehensively investigate the challenges affecting the intention of bank consumers in the UAE to adopt GB technology.

Design/methodology/approach

This study used exploratory sequential mixed-methods research. Preliminary semi-structured interviews were conducted with ten banking professionals using a purposive sampling technique to explore the challenges affecting consumers’ intention to adopt GB technology. Sequentially, the study tested various factors through a quantitative cross-sectional online survey of a sample of 332 bank customers and used the convenience sampling technique to obtain further empirical support for the research framework. Thematic content analysis using NVivo 11 was used for the qualitative data analysis. Meanwhile, partial least square structural equation modelling in Smart PLS 3.3 was used for the quantitative data analysis.

Findings

The qualitative analysis identified six new challenges affecting customers’ intention to adopt GB technology, including customer awareness, personal innovativeness, bank reputation, security and privacy, system quality and government support. The preliminary qualitative findings were confirmed mainly through quantitative data analysis, whereby customer awareness, personal innovativeness, system quality and bank reputation were found to significantly impact customers’ intention to adopt GB technology. However, the effects of security and privacy and government support were insignificant.

Originality/value

To the best of the authors’ knowledge, this study is the first to propose a comprehensive model that considers individual, technological, organisational and environmental factors to address the issue of customers’ low GB technology adoption rates in the UAE. Meanwhile, this study extends the UTAUT by integrating new factors. This paper is also among the first to investigate customers’ GB technology adoption intention using a mixed-methods approach, which combines the strengths of quantitative and qualitative methods within the same study to offer better insights than a single-method approach.

Details

Journal of Islamic Marketing, vol. 14 no. 10
Type: Research Article
ISSN: 1759-0833

Keywords

Article
Publication date: 4 April 2022

Abdullahi Muazu, Qian Yu and Qin Liu

The purpose of this study is to investigate the relationship between renewable energy consumption and economic growth, using the threshold variables of non-renewable energy…

Abstract

Purpose

The purpose of this study is to investigate the relationship between renewable energy consumption and economic growth, using the threshold variables of non-renewable energy consumption, urbanization level and per-capita income.

Design/methodology/approach

This study used a panel threshold regression model, on combined African countries and divided African countries into five regions (northern, western, central, southern and eastern Africa). The study used panel data from 54 African countries, from 1990 to 2018.

Findings

This study established a threshold interval where the significant negative impact of renewable energy consumption on the economic growth of combined African countries is different at each split asymmetric phase, meaning the relationship is negative and non-linear. Further, the study established the threshold effect of divided African countries into regions, revealed a negative effect of renewable energy consumption on economic growth and compared the differences of threshold effect and coefficient in the regions, which further highlight the varying resource and renewable energy development across African countries.

Practical implications

This study recommends strategies and investment priorities on energy transition, through optimizing renewable energy in Africa, hence aggressive investment in the renewable energy sector is highly encouraged especially for the oil-producing state to promote clean and sustainable energy.

Originality/value

The contribution of this study is the establishment of a non-linear panel threshold model to examine the asymmetric effect of renewable energy consumption on economic growth which to the best of the authors’ knowledge is pioneer research in Africa. Additionally, an in-depth analysis of renewable energy consumption’s effect on the economic growth of all the regions in Africa.

Details

International Journal of Energy Sector Management, vol. 17 no. 1
Type: Research Article
ISSN: 1750-6220

Keywords

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