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Article
Publication date: 27 July 2021

Bishal Dey Sarkar, Ravi Shankar and Arpan Kumar Kar

Presently, Indian sectors are manifesting a higher level of interdependency and making the economy more vulnerable to human-caused and natural disasters. COVID-19 pandemic creates…

Abstract

Purpose

Presently, Indian sectors are manifesting a higher level of interdependency and making the economy more vulnerable to human-caused and natural disasters. COVID-19 pandemic creates a devastating effect on the world economy. The Indian economy was expected to lose around ₹ 32,000 crores every day during the first 21 days of complete lockdown. This motivates to conduct the research on how the COVID-19 pandemic affects the port logistics sector and how the effects of COVID-19 on port logistics propagate to other sectors owing to its interconnectedness and affect the economy of the country.

Design/methodology/approach

The purpose of the study is analyze how perturbation in one sector can affect the system of interdependent sectors and it is done with interdependency analysis. It uses Wassily Leontief’s inoperability input-output model (IIM) and interval programming (IP) to develop a framework. IP is used to address situations where assumptions are not valid because of uncertainties associated with disruptive events.

Findings

The model helps in describing how the effect of the COVID-19 pandemic in port logistics can propagate owing to the interconnectedness across other sectors. The model uses the latest five-year data available on the Organisation for Economic Co-operation and Development database. It uses metrics like inoperability and economic loss to study the consequences of COVID-19 pandemic on various sectors. This study also presents the ranking of the affected sectors based on their inoperability and economic loss

Research limitations/implications

In the future study, other techniques like dynamic evolution, multiplex network analysis, analytical hierarchy process, pinch analysis, stochastic evolution and pinch graph could be integrated with input-output (I-O) modelling. Integrated stochastic evolution with an I-O model allows capturing the likelihood of the events; it includes probability distributions instead of point estimates for scenario parameters. Methods like dynamic evolution and multiplex network analysis can be introduced in future work to shed lights on interdependency among the sector, which could potentially provide additional insights for transport policy formulations.

Originality/value

This study discusses the theory, methodology and application of the IIM-IP model in the domain of port logistics. The developed IIM-IP model helps decision-makers to manage risk in port logistics. Firstly, it studies how different sectors are interconnected with each other. Secondly, it helps in identifying the most vulnerable sectors based on economic loss and inoperability. Thirdly, it provides the ranking of the sectors based on their economic losses.

Article
Publication date: 11 July 2024

Fanglin Li, Ray Sastri, Bless Kofi Edziah and Arbi Setiyawan

Tourism is an essential industry in Indonesia, and understanding its inter-sectoral and inter-regional connections is critical for policy development. This study examines the…

Abstract

Purpose

Tourism is an essential industry in Indonesia, and understanding its inter-sectoral and inter-regional connections is critical for policy development. This study examines the economic impact of regional tourism in Indonesia and the connections between different tourism-related regions and industries.

Design/methodology/approach

This study uses a non-survey method to estimate the inter-regional input-output table (IRIOT) in 2019, backward and forward linkage to identify the role of tourism in the economy, and the structural path analysis (SPA) to identify the inter-sectoral and inter-regional flow of tourism effect. The benchmark IRIOT 2016 published by Badan Pusat Statistik (BPS) serves as the primary data source.

Findings

The findings indicate that tourism has a relatively high impact on the overall national economy and plays an essential role in nine provinces. However, this study uses four provinces to represent Indonesian tourism: Jakarta, Jawa Timur, Bali, and Kepulauan Riau. The SPA result captures that Kepulauan Riau Province has the highest tourism multiplier effect and Jawa Timur has the highest coverage value. Moreover, the manufacturing sector receives the most benefit from the tourism effect, followed by trade, construction, agriculture, transportation, and electricity-gas. From a spatial perspective, tourism connections are not solely based on geographical proximity. Instead, they are established through an intricate supply chain network of manufactured goods. This emphasizes the significance of considering supply chain dynamics when investigating inter-regional relationships in the tourism sector.

Originality/value

This research contributes to the literature by estimating the IRIOT in 2019, disaggregating tourism activities from related economic sectors, constructing tourism-extended IRIOT, and identifying the critical path of tourism effect in numerous provinces with different economic structures. This novel approach offers valuable insights into the full spectrum of tourism’s economic impact, which has not been previously explored in this depth. This study is useful for policymaking, investment insight, and disaster mitigation.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Book part
Publication date: 1 September 2023

Ishu Chadda

Abstract

Details

Social Sector Development and Inclusive Growth in India
Type: Book
ISBN: 978-1-83753-187-5

Article
Publication date: 24 July 2023

Daniel Ofori-Sasu, Smile Dzisi and Franklin Dodzi Odoom

This paper seeks to examine the interrelationship between inclusive business, private sector credit and economic welfare in Africa.

Abstract

Purpose

This paper seeks to examine the interrelationship between inclusive business, private sector credit and economic welfare in Africa.

Design/methodology/approach

The study uses the seemingly unrelated regression, system generalized method of moments and bootstrap quantile regression in a panel of 54 economies in Africa, over the period 2006–2020.

Findings

The authors show that countries that provide more credit to the private sector have better incentives to enhance the ease of doing business. The authors find that ease of doing business and domestic credit to the private sector have a positive and significant effect on economic welfare at higher quantile levels. The authors find that ease of doing business substitutes private sector credit to boost economic welfare, while business account complements private sector credit to boost economic welfare. The authors show that the marginal effect of inclusive business on economic welfare is greater in countries that provide more credit to the private sector.

Practical implications

The implication is that countries that focus on developing their private sector (through credit expansion) should be able to encourage or facilitate the inclusion of businesses to achieve a sustainable economic welfare.

Social implications

The implication is that policymakers should be able to develop their business environment through inclusive financing so as to build business confidence in the society.

Originality/value

The paper examines the interrelationship between inclusive business, private sector credit and economic welfare in Africa.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 13 December 2022

Abdul Ganiyu Iddrisu and Bei Chen

This paper aims to analyse economic growth in Africa focussing on the role of digitalization and financial sector development.

Abstract

Purpose

This paper aims to analyse economic growth in Africa focussing on the role of digitalization and financial sector development.

Design/methodology/approach

The authors employ country-level data from 36 African countries over the period 2000–2020 and used fixed effect, random effect and the Hausman–Taylor estimation techniques.

Findings

The study, first finds that, digitalization propels financial sector development in Africa. Building on this, the study further finds that, digitalization conditioned on financial sector development at best does not promote economic growth in Africa. However, results of the net effects suggest that digitalization, overall, improve economic growth in Africa.

Social implications

In the current environment of a sluggish global economy, digitalization can play an important role in assisting policymakers to spur economic growth. This has attracted the attention of many researchers in the developed world. However, little is done about the subject matter in Africa.

Originality/value

The findings of this paper are novel in the African sub-region with important policy implications.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 31 December 2015

Xiana T. Santos, Stephen C. Grado and Kevin M. Hunt

The purpose of this paper is to evaluate and improve the current methodology of securing and collecting data sources for use in the Impact Analysis for Planning (IMPLAN) model to…

9930

Abstract

Purpose

The purpose of this paper is to evaluate and improve the current methodology of securing and collecting data sources for use in the Impact Analysis for Planning (IMPLAN) model to more accurately use, and be able to support, inputs and outputs from economic impact models, specifically those generated by IMPLAN.

Design/methodology/approach

Primary expenditure data were derived from an extensive mail survey conducted during the 2005-2006 Mississippi waterfowl-hunting season. Survey results were analyzed using the IMPLAN software model default data and comparing it with new, more localized state data that were collected in 2010. Industry sectors were sorted and ranked after analysis based on sector importance to the economy and IMPLAN default data were replaced by localized data.

Findings

Economic contributions generated from the survey-based default model were $158 million (2010 USD) supporting 1,981 full- and part-time jobs. Economic contributions using survey-based data replacement model were $153 million (2010 USD) supporting 1,517 full- and part-time jobs. Separate model runs of the survey-based data replacement model yielded vastly different results, making the case for changing as many sectors with larger impacts as possible.

Research limitations/implications

The makeup and components of sectors used and described by the IMPLAN model were at times not clearly labeled which at times hindered the process of comparing and replacing data. It was evident that IMPLAN sectors were too highly aggregated.

Originality/value

This project will contribute to efforts within Mississippi aimed at protecting and promoting its natural resources for conservation and use for both the private and public sector.

Details

International Journal of Social Economics, vol. 43 no. 1
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 30 March 2021

Yaoteng Zhao, Supat Chupradit, Marria Hassan, Sadaf Soudagar, Alaa Mohamd Shoukry and Jameel Khader

Recently, the financial sector has faced significant challenges regarding the market competition, its technical efficiency and risk factors around the globe and gain recent…

1012

Abstract

Purpose

Recently, the financial sector has faced significant challenges regarding the market competition, its technical efficiency and risk factors around the globe and gain recent researchers' intentions. Thus, the present study aims to examine the impact of technical efficiency, market competition and risk in banking performance in Group of Twenty (G20) countries.

Design/methodology/approach

Data have been obtained from the World Development Indicator from 2008 to 2019. For analysis purpose, random effect model and generalized method of moments (GMMs) have been executed using Stata.

Findings

The results revealed that market competition and banks' capital efficiency have a positive impact on banking performance, while banks' lending efficiency and non-performing loans have a negative association with the banking sector performance of G20 countries. These outcomes provide the guidelines to the regulators that they should formulate the effective policies related to the lending practices and non-performing loans that could improve the banking sector performance worldwide.

Research limitations/implications

The study has examined only three economic factors like the technical efficiency rate, market competition and risk element, and their influences on banking institutions' operational and economic performance. But the analysis has proved that except these factors, several factors affect banking institutions' operational and economic performance. Thus, future scholars recommend they analyze all the banking sector areas, pick more factors and enlighten their operational and economic performance influences. Moreover, the author of this article has chosen a particular source for collecting data to meet his study's objective. Only a single piece of software has been applied to analyze data; thus, the data collected for this paper may be incomplete, lack accuracy and reliability. Therefore, the future authors are recommended to use multiple sources to collect data and its analysis to ensure the comprehension, completeness and accuracy.

Originality/value

Last but not least, this study with the evidences from the banking sector of G20 countries tries to show on the banking management how the risk element matters in the banking sector in an economy. It makes it clear in which areas the banking institutions may be exposed to the risks, and how much sever different kinds of risks may be. Thus, it motivates the management to set a body of persons within the organization to monitor the risks, to try to avoid them and to overcome the problems created by these risks events.

Details

Business Process Management Journal, vol. 27 no. 7
Type: Research Article
ISSN: 1463-7154

Keywords

Article
Publication date: 1 June 2020

Majid Al Sarrah, Mian M. Ajmal and Charilaos Mertzanis

The civil aviation sector in Dubai has been contributing to its economic development by enhancing transportation services, allowing for the establishment of trade links, promoting…

1438

Abstract

Purpose

The civil aviation sector in Dubai has been contributing to its economic development by enhancing transportation services, allowing for the establishment of trade links, promoting tourism and providing job opportunities. Despite being a thriving sector of economic activity (Dubai was the third busiest airport in the world in 2018), a common understanding among the stakeholders on the sector’s long-term sustainability strategy is missing. The purpose of this paper is to contribute to the identification of important sustainability indicators in the civil aviation sector in Dubai.

Design/methodology/approach

This study uses the stakeholder theory to identify sustainability indicators. It deploys a qualitative research design that collects data through multiple focus groups, and it accounts for the stakeholders’ views toward key sustainability indicators. This research classified stakeholders completely in a separate matrix preventing their integration and therefore the confounding of their views. The study addresses the complexity of sustainability in the sector and identifies key indicators based on comprehensive and valid data from different stakeholders. The study focuses separately on the three pillars of sustainability: social, economic and environmental sustainability and identifies sustainability indicators for each pillar from the views of stakeholders. The study uses thematic analysis to produce results by identifying themes according to the collected data.

Findings

The study finds that there is a lack of sustainability knowledge and awareness in the civil aviation sector in Dubai despite its buoyant growth and expansion. The results show that stakeholders highlight the importance of social sustainability indicators that value equitable development in the pursuit of business goals. They also value economic sustainability indicators that focus on changing consumption patterns and increasing preservation. They finally focus on environmental sustainability indicators that promote eco-efficiency and renewable energy. However, considerable differences exist among stakeholders regarding the importance and priority of their suggested indicators.

Practical implications

The implications of the study are theoretical and practical. In the case of the former, it would contribute toward the reduction of uncertainty in the civil aviation sector in Dubai regarding the policy actions required to improve the sector’s sustainability. It is done by identifying the stakeholders’ views on the key sustainability indicators for each pillar of sustainability. In the case of practical implications, the outcomes of the study highlight specific directions that policy actions should take. Although the results are local, they can have tentative global policy implications. Finally, the results of the study are instrumental in addressing the sustainability debate within the civil aviation sector not only in Dubai but also globally.

Originality/value

The study extends existing research efforts to identify sustainability indicators in the civil aviation sector by considering the three different pillars of sustainability and by accounting for the diverse stakeholders’ views on the identification of key sustainability indicators. The study should be extended to account for the role of technological readiness in the region of other innovative approaches in the current civil aviation sectors.

Details

Social Responsibility Journal, vol. 17 no. 5
Type: Research Article
ISSN: 1747-1117

Keywords

Article
Publication date: 12 June 2017

Gokhan Egilmez, Khurrum Bhutta, Bulent Erenay, Yong Shin Park and Ridvan Gedik

The purpose of this paper is to provide an input-output life cycle assessment model to estimate the carbon footprint of US manufacturing sectors. To achieve this, the paper sets…

Abstract

Purpose

The purpose of this paper is to provide an input-output life cycle assessment model to estimate the carbon footprint of US manufacturing sectors. To achieve this, the paper sets out the following objectives: develop a time series carbon footprint estimation model for US manufacturing sectors; analyze the annual and cumulative carbon footprint; analyze and identify the most carbon emitting and carbon intensive manufacturing industries in the last four decades; and analyze the supply chains of US manufacturing industries to help identify the most critical carbon emitting industries.

Design/methodology/approach

Initially, the economic input-output tables of US economy and carbon footprint multipliers were collected from EORA database (Lenzen et al., 2012). Then, economic input-output life cycle assessment models were developed to quantify the carbon footprint extents of the US manufacturing sectors between 1970 and 2011. The carbon footprint is assessed in metric tons of CO2-equivalent, whereas the economic outputs were measured in million dollar economic activity.

Findings

The salient finding of this paper is that the carbon footprint stock has been increasing substantially over the last four decades. The steep growth in economic output unfortunately over-shadowed the potential benefits that were obtained from lower CO2 intensities. Analysis of specific industry results indicate that the top five manufacturing sectors based on total carbon footprint share are “petroleum refineries,” “Animal (except poultry) slaughtering, rendering, and processing,” “Other basic organic chemical manufacturing,” “Motor vehicle parts manufacturing,” and “Iron and steel mills and ferroalloy manufacturing.”

Originality/value

This paper proposes a state-of-art time series input-output-based carbon footprint assessment for the US manufacturing industries considering direct (onsite) and indirect (supply chain) impacts. In addition, the paper provides carbon intensity and carbon stock variables that are assessed over time for each of the US manufacturing industries from a supply chain footprint perspective.

Details

Industrial Management & Data Systems, vol. 117 no. 5
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 4 May 2023

Chebangang Hyacinth, Chi Aloysius Ngong and Josaphat Uchechukwu Joe Onwumere

This research empirically investigates the evidence of the financial development and economic growth nexus in sub-Saharan Africa from 1995 to 2022.

Abstract

Purpose

This research empirically investigates the evidence of the financial development and economic growth nexus in sub-Saharan Africa from 1995 to 2022.

Design/methodology/approach

A series of preliminary tests are conducted before using the two-stage estimated generalized least squares and robust least squares methods for the analysis. Two indices are constructed to measure financial development: one for the banking sector indicators and another for the market-based indicators (Ustarz and Fanta, 2021).

Findings

The results indicate that the banking sector index significantly impacts the gross domestic product (GDP) per capita positively. The market sector index has a negatively significant effect on the GDP per capita. Government expenditure has a positive impact on the GDP per capita.

Research limitations/implications

Policymakers in sub-Saharan Africa should improve and implement finance–growth inclusive strategies that promote financial reforms and development to efficiently impact all population sectors. Policymakers should take stringent measures to ensure that the banking sector's development is sustainable to lead economic growth. The governments should strategize and promote capital market development using favorable listing rules for companies in the stock markets. Global stock market integration should be encouraged to diversify risks, increase public awareness, raise investors' confidence level and reduce stock market impediments like high taxes and regulatory barriers.

Originality/value

Previous study findings on the financial development and economic growth nexus are inconclusive and debatable. This study employs the financial development index approach.

Details

Journal of Economic and Administrative Sciences, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2054-6238

Keywords

21 – 30 of over 155000