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This study reexamines fiscal deficit sustainability in South Africa.
Abstract
Purpose
This study reexamines fiscal deficit sustainability in South Africa.
Design/methodology/approach
The study applies three cointegration testing approaches, namely testing for multiple structural changes in a cointegrated regression model, time-varying cointegration test and asymmetric cointegration test.
Findings
The results point to the existence of a level relationship between government revenue and spending. In addition, the long-run equilibrium relationship between government revenue and spending in South Africa is found to be characterized by breaks. As such, assuming a constant cointegrating slope may be misleading. Results from time-varying cointegration and an estimation of a cointegrated two-break model indicate that cointegrating coefficient has been time-varying but has remained less than 1 for the entire study period, indicating that fiscal deficits have been weakly sustainable. This finding is also confirmed by the results from an estimated asymmetric error correction model.
Practical implications
In view of the findings, authorities should put in place policies to improve the fiscal budgetary stance and reinforce the sustainability of the fiscal deficits in South Africa. Among other things, South Africa could undertake reforms to state-owned companies to reduce their reliance on public funds, slow down the pace of the public sector wage growth and devise effective economic measures to boost long-term growth. In addition, tax compliance and other revenue collection measures should be enhanced for additional tax revenue.
Originality/value
The contribution of this study is twofold; first, the study uses a long series of annual data spanning over a century, from 1913 to 2020. Indeed, cointegration is better modeled using long spans of time series data. Second, to examine the existence of a level relationship between spending and revenue, the study uses cointegration tests which allow capturing time-variation in the cointegrating slope coefficient, and accounting for asymmetries in the relationship between government spending and revenue. It is important to allow for time-variation in the cointegrating slope coefficient, especially when it has been hardly treated in the empirical literature on fiscal deficit sustainability. Allowing for time-variation in the cointegrating slope coefficient helps us to analyze fiscal deficit sustainability by periods of time. Indeed, the degree of fiscal sustainability can change from one time period to another.
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Alvar Castello Esquerdo, Andrei Panibratov and Daria Klishevich
Drawn from the push–pull perspective, this research aims to identify the determinants of Chinese technology's outward foreign direct investments (OFDI) into the Eurasian region.
Abstract
Purpose
Drawn from the push–pull perspective, this research aims to identify the determinants of Chinese technology's outward foreign direct investments (OFDI) into the Eurasian region.
Design/methodology/approach
The authors argue that contrary to the extant literature, technology-driven OFDI from emerging-market multinationals (EMNEs) do not always seek developed countries, and EMNEs' technology investments in emerging economies are rising indicating that there are factors in these economies that can prove attractive. The authors recognize the influence of the macroeconomic environment and the interaction of home and host-country institutional contexts that influence the location choice of EMNEs technology-driven OFDI into other emerging economies, mediated by the industry sector and firm's ownership structure. The authors test our hypotheses using a sample of 1,656 observations of Chinese MNEs' tech-investments in the Eurasian region from 2005 to 2019.
Findings
The study results indicate that bilateral diplomatic relations pave the way of the host-country institutional environment for Chinese MNEs uncovering the role of the Chinese government as an OFDI facilitator. This study also unveils a lower technology level of the Chinese MNEs' investments in the Eurasian region connoting an interest in market opportunities exploitation through their existing technologies – through its comparative advantage in the global markets – rather than strategic assets acquisition aiming at augmenting their technological capabilities. This trend is similar to that of other major foreign direct investment (FDI) source countries.
Originality/value
This research contributes to a better understanding of the characteristics and the location choice of technology investments from EMNEs into other emerging economies that have received scant attention in the literature. In addition, it extends the institutional theory by analyzing how home-country institutions, through bilateral diplomatic relations, may smooth the host country institutional environment for home-country MNEs' foreign investments and contributes as well to the debate on the applicability of the existing theoretical framework in the case of emerging-market MNEs.
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Iffat Sabir Chaudhry and Angela Espinosa
Despite being a seminal explanation of the workforce emotional experiences, capable of mapping the path from the antecedents to consequences, affective events theory (AET) only…
Abstract
Purpose
Despite being a seminal explanation of the workforce emotional experiences, capable of mapping the path from the antecedents to consequences, affective events theory (AET) only offers a “macrostructure” of a working environment. To date, little is known about the universal features of the work environment that may guide the understanding of imperative work aspects triggering employees’ emotions at work. Hence, the study proposes and validates that Stafford Beer’s viable system model (VSM) can provide a holistic view of the organizational work environment, enabling a comprehensive understanding of work events or factors triggering workforce emotions.
Design/methodology/approach
First, the VSM structural layout is used to fill in the “macrostructure” of the “working environment” in AET to diagnose the functional and relational aspects of the work and the related work events occurring within. Using a deductive approach, 31 work events were adopted to determine the impact of VSM-based work environment events on the employees’ emotional experiences and subsequent work attitudes (job satisfaction) and behaviors (citizenship behavior). To field test the proposed nexus of VSM and AET, the survey was conducted on two hundred and fifteen employees from 39 different organizations. PLS-SEM tested the explanatory power of the suggested VSM’s systemic approach for understanding the affective work environment in totality.
Findings
The findings confirmed that the VSM metalanguage provides a holistic view of the organizational functioning and social connectivity disposing of affective work events, helpful in assessing their aggregate influence on employees’ emotions and work-related outcomes.
Practical implications
The findings identify how employees' emotions can be triggered by everyday work operations and social relations at work, which can affect their extra-role behaviors and necessary work-related attitudes.
Originality/value
The study utilized Beer’s VSM framework based on the systemic principle of “holistic view” for ascertaining the affective work environment and its related features holistically, which filled in well the macrostructure of “work environment features” with micro-structures of organizational inter-related aspects which are yet to be known in AET – a seminal explanation for managing workforce emotions.
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Khaled Mohamed Seddik, Lamiaa Khamal El-Gabry and Marwa Atif Ali
This study aims to use hexanediol, pentaerythritol and keratin as crosslinking agents on the acrylic fabric used as garments.
Abstract
Purpose
This study aims to use hexanediol, pentaerythritol and keratin as crosslinking agents on the acrylic fabric used as garments.
Design/methodology/approach
Plain 1/1 acrylic fabric was produced with 14 and 11 weft yarn/cm using yarn count 28/2 Ne, then it was modified with different agents, and the effect of crosslinking on some of the inherent properties was determined. The color strength as well as washing fastness was evaluated. The Fourier transform infrared spectroscopy determined the changes that acted in the structure of the treated acrylic fabrics. Several physical and functional utility characteristics were studied such as stiffness, crease recovery, tensile strength and elongation, pilling, air permeability, absorbency and static electricity.
Findings
Polyacrylonitrile is one of the man-made materials used in the textile field; despite novel characteristics, it has some negative properties, especially in absorbency and pilling, which are improved after treatment.
Originality/value
The results presented that the different conditions that were used with cross-linkers enhanced the acrylic fabrics properties. Where analysis of variance test at P-value 0.05 and radar chart area offered that the treated acrylic fabric with 5% (w/v) keratin accomplished the highest preferable properties for end use.
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Ali Rashidi, George Lukic Woon, Miyami Dasandara, Mohsen Bazghaleh and Pooria Pasbakhsh
The construction industry remains one of the most hazardous industries worldwide, with a higher number of fatalities and injuries each year. The safety and well-being of workers…
Abstract
Purpose
The construction industry remains one of the most hazardous industries worldwide, with a higher number of fatalities and injuries each year. The safety and well-being of workers at a job site are paramount as they face both immediate and long-term risks such as falls and musculoskeletal disorders. To mitigate these dangers, sensor-based technologies have emerged as a crucial tool to promote the safety and well-being of workers on site. The implementation of real-time sensor data-driven monitoring tools can greatly benefit the construction industry by enabling the early identification and prevention of potential construction accidents. This study aims to explore the innovative method of prototype development regarding a safety monitoring system in the form of smart personal protective equipment (PPE) by taking advantage of the recent advances in wearable technology and cloud computing.
Design/methodology/approach
The proposed smart construction safety system has been meticulously crafted to seamlessly integrate with conventional safety gear, such as gloves and vests, to continuously monitor construction sites for potential hazards. This state-of-the-art system is primarily geared towards mitigating musculoskeletal disorders and preventing workers from inadvertently entering high-risk zones where falls or exposure to extreme temperatures could occur. The wearables were introduced through the proposed system in a non-intrusive manner where the safety vest and gloves were chosen as the base for the PPE as almost every construction worker would be required to wear them on site. Sensors were integrated into the PPE, and a smartphone application which is called SOTER was developed to view and interact with collected data. This study discusses the method and process of smart PPE system design and development process in software and hardware aspects.
Findings
This research study posits a smart system for PPE that utilises real-time sensor data collection to improve worksite safety and promote worker well-being. The study outlines the development process of a prototype that records crucial real-time data such as worker location, altitude, temperature and hand pressure while handling various construction objects. The collected data are automatically uploaded to a cloud service, allowing supervisors to monitor it through a user-friendly smartphone application. The worker tracking ability with the smart PPE can help to alleviate the identified issues by functioning as an active warning system to the construction safety management team. It is steadily evident that the proposed smart PPE system can be utilised by the respective industry practitioners to ensure the workers' safety and well-being at construction sites through monitoring of the workers with real-time sensor data.
Originality/value
The proposed smart PPE system assists in reducing the safety risks posed by hazardous environments as well as preventing a certain degree of musculoskeletal problems for workers. Ultimately, the current study unveils that the construction industry can utilise cloud computing services in conjunction with smart PPE to take advantage of the recent advances in novel technological avenues and bring construction safety management to a new level. The study significantly contributes to the prevailing knowledge of construction safety management in terms of applying sensor-based technologies in upskilling construction workers' safety in terms of real-time safety monitoring and safety knowledge sharing.
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Ali Sajedikhah, Hossein Rezaei Dolatabadi and Arash Shahin
This study aims to investigate the extent and pattern of the influence of one of the most important decision-making tools in the context of social commerce. This study…
Abstract
Purpose
This study aims to investigate the extent and pattern of the influence of one of the most important decision-making tools in the context of social commerce. This study demonstrates how much customer testimonials (including verified purchases and ordinary users) can influence the sales rank of experience and search goods.
Design/methodology/approach
The data were collected by text mining and performing a content analysis on the XML documents of Web pages and processing them. For search goods, 22,311 opinions were recorded regarding 95 mobile phones. Additionally, for experience goods, 67,817 opinions were recorded regarding 162 books in the Amazon online store. The data were analyzed by functional regression method in longitudinal data analysis.
Findings
In terms of importance, the opinions and recommendations of verified purchases had a 60% greater impact on the sales rank of experience goods than the opinions and recommendations of ordinary users. In search goods, the opinions of ordinary users had a greater impact than the opinions of verified purchases. The historical effect of the opinions of ordinary users at the end of the review period on sales rank was evident, while the historical effect of the verified purchase viewpoints during the review period had a nonlinear curve. The results showed that it was necessary to increase the volume of comments to increase their reliability in experience goods.
Practical implications
Measuring the effect of customer testimonials helps the managers of retail websites design algorithms and online suggestion systems, thereby improving the sales of their products by providing information desired by customers.
Social implications
Individuals can be a source of information and influence the buying decision process of others by sharing their experiences. This issue helps reduce the purchase risk and explains the importance of interaction and sharing the customer’s experience.
Originality/value
Analyzing the impact of customer testimonials by separating verified purchases and ordinary users is one of the advantages of this study. The quantitative estimation of the impact of recommendations and the provision of a model of their historical effect is one of the approaches not addressed in similar studies.
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Khaled Mostafa, Heba Ameen, Amal El-Ebeisy and Azza El-Sanabary
Herein, this study aims to use our recently tailored and fully characterized poly acrylonitrile (AN)-starch nanoparticle graft copolymer having 60.1 graft yield percentage as a…
Abstract
Purpose
Herein, this study aims to use our recently tailored and fully characterized poly acrylonitrile (AN)-starch nanoparticle graft copolymer having 60.1 graft yield percentage as a starting substrate for copper ions removal from wastewater effluent after chemical modification with hydroxyl amine via oximation reaction as a calorimetric sensor.
Design/methodology/approach
The calorimetric sensor batch technique was used to determine the resin's adsorption capacity, while atomic adsorption spectrometry was used to determine the residual copper ions concentration in the filtrate before and after adsorption. This was done to convert the copolymer's abundant nitrile groups into amidoxime groups, and the resulting poly (amidoxime) resin was used as a copper ion adsorbent. To validate the existence of amidoxime groups, the resin was qualitatively characterized using a rapid vanadium ion test and instrumentally using Fourier transform infrared spectroscopy spectra and scanning electron microscopy morphological analysis.
Findings
At pH 7, 400 ppm copper ions concentration and 0.25 g adsorbent at room temperature, the overall adsorption potential of poly (amidoxime) resin was found to be 115.2 mg/g. The process's adsorption, kinetics and isothermal analysis were examined using various variables such as pH, contact time, copper ion concentration and adsorbent dose. To pretend the adsorption kinetics, various kinetics models, including pseudo-first-order and pseudo-second-order, were applied to the experimental results. The kinetic analysis indicated that the pseudo-second-order rate equation promoted the development of the chemisorption phase better than the pseudo-first-order rate equation. In the case of isothermal investigations, a study of observed correlation coefficient (R2) values indicated that the Langmuir model outperformed the Freundlich model in terms of matching experimental data.
Originality/value
To the best of the author's information, there is no comprehensive study for copper ions removal from waste water effluent using the recently tailored and fully characterized poly (AN)-starch nanoparticle graft copolymer having 60.1 graft yield percentage as a starting substrate after chemical modification with hydroxyl amine via oximation reaction as a calorimetric sensor.
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Charles Frommweiler and Erik Poirier
The building commissioning (BCx) phase is a critical stage in a building's lifecycle. It is also a complex process that involves a large number of actors and activities. While the…
Abstract
Purpose
The building commissioning (BCx) phase is a critical stage in a building's lifecycle. It is also a complex process that involves a large number of actors and activities. While the use of building information modeling (BIM) in the commissioning phase of building equipment and systems could be beneficial, few studies have investigated the processes behind its implementation. The research presented in this paper aims to investigate the implementation of BIM for the commissioning phase within a general contracting company through action-research.
Design/methodology/approach
Through direct involvement with the research partner, a large general contractor, a diagnosis on the current limitations of the commissioning process was conducted. An action plan to implement BIM for commissioning was developed and implemented in two pilot projects. Evaluation was performed through on-site observations and informal discussions with field staff. Learning was specified through the development of a formal protocol for BIM-enabled BCx.
Findings
This action-research project helped the partner organization identify the challenges and a way forward to formalize its BIM-enabled BCx process. The action plan aimed at countering the lack of knowledge about the status of equipment and system commissioning as well as the lack of standardization. The research team co-developed and tested a formal protocol, including BIM-enabled processes and technologies to address these observed problems. A complete implementation ecosystem was structured and deployed. Preliminary feedback indicated that improvements were obtained using a BIM-enabled approach over a traditional approach.
Originality/value
While past studies have investigated the BCx process, this study identified current challenges considering recent advances in BIM and focused on a large general contractor. This work provides an in-depth account of a large general contractor attempting to streamline its BCx process. The results of the study could help guide practitioners in implementing more streamlined BIM-enabled BCx processes.
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Fekri Ali Shawtari, Bilal Ahmad Elsalem, Milad Abdelnabi Salem and Mohamed Eskandar Shah
The financial system plays an essential role in facilitating the intermediation process for economic growth. Policymakers stress on achieving a well-developed and regulated…
Abstract
Purpose
The financial system plays an essential role in facilitating the intermediation process for economic growth. Policymakers stress on achieving a well-developed and regulated financial system to achieve economic development and resiliency. Using data from the State of Qatar, this paper aims to examine the impact of financial development indicator on economic growth; the impact of financial development indicator on hydrocarbon and nonhydrocarbon sector; the impact of Islamic banking on hydrocarbon and nonhydrocarbon economic growth.
Design/methodology/approach
The research uses quarterly data from 2007 to 2019 and adopts autoregressive distributed lag cointegration techniques to test the long- and short-run dynamic relationship between various measures of financial development and economic growth.
Findings
The results present evidence of long-term cointegration between overall financial development indicator and economic growth. Furthermore, the authors document the existence of long-term relationship between financial development and nonhydrocarbon sector. However, there is a lack of evidence on the long-run relationship between financial development and the hydrocarbon sector. Notwithstanding, Islamic banking contributes to overall economic development, as well as to the nonhydrocarbon sector.
Practical implications
This paper offers policymakers with insights to evaluate measures to diversify the economy. It also assists decision-makers in promoting Islamic finance, particularly to the banking sector as a vital contributor to economic growth.
Originality/value
To the best of the author’s knowledge, this paper is the first to evaluate financial development and economic growth for the case of Qatar in light of recent developments in Islamic finance.
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Ana Aline Mendes Paim, Morgana Carneiro de Andrade and Fernanda Steffens
Given the COVID-19 Pandemic outbreak and the role of medical textiles for protection, this study aims to identify the leading research foci on using textile materials for personal…
Abstract
Purpose
Given the COVID-19 Pandemic outbreak and the role of medical textiles for protection, this study aims to identify the leading research foci on using textile materials for personal protection in pandemic situations.
Design/methodology/approach
A systematic review and systemic analysis of the literature on the subject were performed using the process knowledge development – constructivist (ProKnow-C) methodology.
Findings
A bibliographic portfolio with 16 relevant studies was obtained. This portfolio represents the main focus of this research field, including the main filtration mechanisms, ways of disinfecting N95 respirators and proposed methods to evaluate the filtration efficiency of different materials with potential for mask development.
Originality/value
To the best of the authors’ knowledge, this is the first time the ProKnow-C methodology was used in the textile field. Thus, future studies can benefit from using the Proknow-C for selecting and analyzing relevant textile studies following a systematic approach.
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