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Article
Publication date: 4 September 2023

Muzffar Hussain Dar and Md. Zulquar Nain

This study examines the possibility of asymmetric impact of inflation on the financial development (FD) in the case of Indian economy from 1980 to 2020. Moreover, the…

Abstract

Purpose

This study examines the possibility of asymmetric impact of inflation on the financial development (FD) in the case of Indian economy from 1980 to 2020. Moreover, the finance–growth hypothesis is also tested.

Design/methodology/approach

The authors incorporated the “Nonlinear Autoregressive Distributed Lag” (NARDL) model due to Shin et al. (2014) to investigate the asymmetric impact of inflation on financial development. Asymmetric cumulative dynamic multipliers are also used to track the traverse of any short-run distortion towards the long-run cointegration.

Findings

The results revealed that inflation impacts the financial development negatively whereas the economic growth (EG) and trade openness have a positive effect. However, the effect of inflation on financial development is not symmetric. Moreover, the findings support the demand-led growth hypothesis.

Originality/value

To the best of the authors' knowledge, this is the first study examining the asymmetric effects of inflation on financial development in the Indian context. In addition, instead of using a single proxy to measure financial development, an index for financial development encompassing different aspects of the financial system has been incorporated.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-02-2023-0094

Details

International Journal of Social Economics, vol. 51 no. 4
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 28 September 2023

Lateef Adeleke Adeniyi, Gbenga John Oladehinde, Abiola Stephen Oladipupo, Peter Oluyemi Adesoye and Sikiru Akintunde Folorunso

This study evaluates the quantity and composition of solid waste produce in secondary schools and assesses level of environmental consciousness and management activities. This is…

Abstract

Purpose

This study evaluates the quantity and composition of solid waste produce in secondary schools and assesses level of environmental consciousness and management activities. This is aimed for the present and future planning of high schools' environment as well as integrating the system into urban waste management.

Design/methodology/approach

This research used primary and secondary data to realize its purpose. Primary data was obtained through measurement of actual waste generation and questionnaire administration. Secondary data was the official information obtained on the schools selected. The primary data collected was analysed with descriptive statistical method such as percentage, mean cross measures of central tendency, frequency distribution and cross tabulation.

Findings

The study established that a total of 375.6 kg of solid waste is generated in the selected schools and daily per capita waste generation is 0.56 kg. Paper material is the waste component with the highest quantity and 88.5% of waste produced is recyclable. Thus, solid waste generated in secondary schools if carefully managed with suitable management options has potential for promoting circular economy and sustainable development. The paper recommends environmental education for stakeholders in secondary schools and waste segregation culture should be enforced in every secondary school.

Originality/value

The paper builds on the reasons for poor environmental quality in secondary schools in developing countries and revealed unscientific means by which resources are wasted and the environment is mismanaged through low understanding of solid waste.

Details

Management of Environmental Quality: An International Journal, vol. 35 no. 2
Type: Research Article
ISSN: 1477-7835

Keywords

Article
Publication date: 26 March 2024

Santiago Melián-González and Jacques Bulchand Gidumal

The purpose of this study is to analyze whether higher tourism development in a region is associated with lower-quality employment in that region.

Abstract

Purpose

The purpose of this study is to analyze whether higher tourism development in a region is associated with lower-quality employment in that region.

Design/methodology/approach

The analysis is based on the last two editions of the European Working Conditions Survey and on the tourism development of European regions. Two samples were studied (2015 and 2021).

Findings

Tourism development does not affect the quality of employment in regions. The institutional regime of the country to which the region belongs is associated with the job quality (JQ) in the region.

Research limitations/implications

Only subjective indicators of employment quality are considered in the analysis.

Practical implications

The quality of employment is related to the institutional regime. Policymakers should consider the institutional factors of social democratic countries to improve the low quality of tourism occupations.

Originality/value

Research on the quality of employment in tourism has mostly focused on tourism occupations without considering determinants other than industry characteristics. This research is unique because it includes both the institutional view of JQ and the overall regional employment.

目的

分析一个地区较高的旅游业发展是否与该地区较低品质的就业有关

设计/方法/途径

分析基于最近两版的欧洲工作条件调查和欧洲地区的旅游业发展。研究了两个样本, 分别为 2015 年和 2021 年。

研究结果

旅游业发展不影响地区就业品质。该地区所属国家的制度体系与该地区的就业品质相关。

独创性

旅游就业品质的研究多集中在旅游职业, 没有考虑产业特征以外的决定因素。这项研究的独特之处在于它既包含了工作品质的制度观点, 也包含了整体地区就业情况。

研究限制/影响

分析中仅考虑就业品质的主观指标。

实践意义

就业品质与制度体系有关; 因此, 政策制定者应考虑社会民主国家的体制因素, 以改善某些旅游职业的低品质状况。

Objetivo

Analizar si un mayor desarrollo turístico en una región está asociado a un empleo de menor calidad en dicha región.

Diseño/metodología/enfoque

El análisis se basa en las dos últimas ediciones de la Encuesta Europea sobre las Condiciones de Trabajo y en el desarrollo turístico de las regiones europeas. Se estudiaron dos muestras (2015 y 2021).

Resultados

El desarrollo turístico no afecta a la calidad del empleo en las regiones. El régimen institucional del país al que pertenece la región está asociado a la calidad del empleo en la región.

Originalidad

La investigación sobre la calidad del empleo en el turismo se ha centrado mayoritariamente en las ocupaciones turísticas sin tener en cuenta otros factores determinantes aparte de las características de la industria. Esta investigación es única porque incluye tanto el punto de vista institucional de la calidad del empleo como el empleo regional global.

Limitaciones/implicaciones de la investigación

En el análisis sólo se consideran indicadores subjetivos de la calidad del empleo.

Implicaciones prácticas

La calidad del empleo está relacionada con el régimen institucional. Los responsables políticos deberían tener en cuenta los factores institucionales de los países socialdemócratas para mejorar la baja calidad de las ocupaciones turísticas.

Article
Publication date: 13 February 2023

Hang Thi Thuy Le, Huy Viet Hoang and Nga Thi Hang Phan

This study investigates the impact of the COVID-19 pandemic on financial stability in Vietnam, a developing country characterized by a bank-based financial system.

Abstract

Purpose

This study investigates the impact of the COVID-19 pandemic on financial stability in Vietnam, a developing country characterized by a bank-based financial system.

Design/methodology/approach

Using a sample of daily data from January 23, 2020 to June 30, 2022, the VECM and NARDL models are employed to study Vietnam’s financial stability in face of the COVID-19 disaster. Following the literature on COVID-19, the authors measure the impact of the pandemic by the number of daily infected cases and the national lockdown. Given the reliance of the Vietnamese government on the banking system to regulate the economy, the authors evaluate financial stability from the interbank market and stock market perspectives.

Findings

The authors find that the pandemic imposes a destructive effect on financial stability during the early time of the pandemic; however, the analysis with an extended period indicates that this effect gradually fades in the long term. In addition, from the NARDL results, the authors reveal an asymmetric relationship between the financial market and the COVID-19 pandemic in both short term and long term.

Research limitations/implications

An implication drawn from this study is that unprecedented health disasters should be resolved by unprecedented stringent countermeasures when conventional methods are ineffective. Although rigorous remedies may increase short-term liabilities, their implementation quickly ceases disease diffusion and helps an economy enter the recovery stage in a timelier manner.

Originality/value

The study is the first to examine the impact of the COVID-19 pandemic on financial stability, via the interbank market lens, in a developing country that relies on the bank-based financial system.

Details

International Journal of Social Economics, vol. 51 no. 2
Type: Research Article
ISSN: 0306-8293

Keywords

Open Access
Article
Publication date: 16 April 2024

Isabella Melissa Gebert and Felipa de Mello-Sampayo

This study aims to assess the efficiency of Brazil, Russia, India, China, South Africa (BRICS) countries in achieving sustainable development by analyzing their ability to convert…

Abstract

Purpose

This study aims to assess the efficiency of Brazil, Russia, India, China, South Africa (BRICS) countries in achieving sustainable development by analyzing their ability to convert resources and technological innovations into sustainable outcomes.

Design/methodology/approach

Using data envelopment analysis (DEA), the study evaluates the economic, environmental and social efficiency of BRICS countries over the period 2010–2018. It ranks these countries based on their sustainable development performance and compares them to the period 2000–2007.

Findings

The study reveals varied efficiency levels among BRICS countries. Russia and South Africa lead in certain sustainable development aspects. South Africa excels in environmental sustainability, whereas Brazil is efficient in resource utilization for sustainable growth. China and India, despite economic growth, face challenges such as pollution and lower quality of life.

Research limitations/implications

The study’s findings are constrained by the DEA methodology and the selection of variables. It highlights the need for more nuanced research incorporating recent global events such as the COVID-19 pandemic and geopolitical shifts.

Practical implications

Insights from this study can inform targeted and effective sustainability strategies in BRICS nations, focusing on areas such as industrial quality improvement, employment conditions and environmental policies.

Social implications

The study underscores the importance of balancing economic growth with social and environmental considerations, highlighting the need for policies addressing inequality, poverty and environmental degradation.

Originality/value

This research provides a unique comparative analysis of BRICS countries’ sustainable development efficiency, challenging conventional perceptions and offering a new perspective on their progress.

Details

International Journal of Development Issues, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1446-8956

Keywords

Article
Publication date: 1 April 2024

Pauline Anne Found, Dnyaneshwar Mogale, Ziran Xu and Jianhao Yang

Corona Virus Disease (Covid-19) is a global pandemic that emerged at the end of 2019 and caused disruptions in global supply chains, particularly in the food supply chains that…

Abstract

Purpose

Corona Virus Disease (Covid-19) is a global pandemic that emerged at the end of 2019 and caused disruptions in global supply chains, particularly in the food supply chains that exposed the vulnerability of today’s food supply chain in a major disruption which provided a unique research opportunity. This review explores the current research direction for food supply chain resilience and identifies gaps for future research in preparing for future major global pandemics.

Design/methodology/approach

This article presents a review of food supply chain resilience followed a systematic literature review of the business and management-based studies related to the food supply chain in Covid-19 published between December 2019 and December 2021 to identify the immediate issues and responses that need to be addressed in the event of future disruptions in food supply chains due to new global health threats.

Findings

The study revealed the need for more literature on food supply chain resilience, particularly resilience to a major global pandemic. The study also uncovered the sequence of events in a major pandemic and identified some strategies for building resilience to potential future risks of such an event.

Research limitations/implications

The limitations of this study are apparent. Firstly, the selection of databases is not comprehensive. Due to time limitations, authoritative publishers such as Springer, Emerald, Wiley and Taylor & Francis were not selected. Secondly, a single author completed the literature quality testing and text analysis, possibly reducing the credibility of the results due to subjective bias. Thirdly, the selected literature are the studies published during the immediate event of Covid-19, and before January 2022, other research studies may have been completed but were still in the state of auditing at this time.

Originality/value

This paper is the first study that provides a detailed classification of the immediate challenges to the food supply chain faced in both upstream and downstream nodes during a major global disruption. For researchers, this clearly shows the immediate difficulties faced at each node of the food supply chain, which provides research topics for future studies.

Details

Journal of Manufacturing Technology Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1741-038X

Keywords

Article
Publication date: 20 March 2024

Ray Sastri, Fanglin Li, Hafiz Muhammad Naveed and Arbi Setiyawan

The COVID-19 pandemic severely impacted tourism, and the hotel and restaurant industry was the most affected sector, which faced issues related to business uncertainty and…

Abstract

Purpose

The COVID-19 pandemic severely impacted tourism, and the hotel and restaurant industry was the most affected sector, which faced issues related to business uncertainty and unemployment during the crisis. The analysis of recovery time and the influence factors is significant to support policymakers in developing an effective response and mitigating the risks associated with the tourism crisis. This study aims to investigate numerous factors affecting the recovery time of the hotel and restaurant sector after the COVID-19 crisis by using survival analysis.

Design/methodology/approach

This study uses the quarterly value added with the observation time from quarter 1 in 2020 to quarter 1 in 2023 to measure the recovery status. The recovery time refers to the number of quarters needed for the hotel and restaurant sector to get value added equal to or exceed the value added before the crisis. This study applies survival models, including lognormal regression, Weibull regression, and Cox regression, to investigate the effect of numerous factors on the hazard ratio of recovery time of hotels and restaurants after the COVID-19 crisis. This model accommodates all cases, including “recovered” and “not recovered yet” areas.

Findings

The empirical findings represented that the Cox regression model stratified by the area type fit the data well. The priority tourism areas had a longer recovery time than the non-priority areas, but they had a higher probability of recovery from a crisis of the same magnitude. The size of the regional gross domestic product, decentralization funds, multiplier effect, recovery time of transportation, and recovery time of the service sector had a significant impact on the probability of recovery.

Originality/value

This study contributes to the literature by examining the recovery time of the hotel and restaurant sector across Indonesian provinces after the COVID-19 crisis. Employing survival analysis, this study identifies the pivotal factors affecting the probability of recovery. Moreover, this study stands as a pioneer in investigating the multiplier effect of the regional tourism and its impact on the speed of recovery.

Details

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

Keywords

Open Access
Article
Publication date: 28 August 2023

Daragh O'Leary, Justin Doran and Bernadette Power

This paper analyses how firm births and deaths are influenced by previous firm births and deaths in related and unrelated sectors. Competition and multiplier effects are used as…

Abstract

Purpose

This paper analyses how firm births and deaths are influenced by previous firm births and deaths in related and unrelated sectors. Competition and multiplier effects are used as the theoretical lens for this analysis.

Design/methodology/approach

This paper uses 2008–2016 Irish business demography data pertaining to 568 NACE 4-digit sectors within 20 NACE 1-digit industries across 34 Irish county and sub-county regions within 8 NUTS3 regions. A three-stage least squares (3SLS) estimation is used to analyse the impact of past firm deaths (births) on future firm births (deaths). The effect of relatedness on firm interrelationships is explicitly modelled and captured.

Findings

Findings indicate that the multiplier effect operates mostly through related sectors, while the competition effect operates mostly through unrelated sectors.

Research limitations/implications

This paper's findings show that firm interrelationships are significantly influenced by the degree of relatedness between firms. The raw data used to calculate firm birth and death rates in this analysis are count data. Each new firm is measured the same as another regardless of differing features like size. Some research has shown that smaller firms have a greater propensity to create entrepreneurs (Parker, 2009). Thus, it is possible that the death of differently sized firms may contribute differently to multiplier effects where births induce further births. Future research could seek to examine this.

Practical implications

These findings have implications for policy initiatives concerned with increasing entrepreneurship. Some express concerns that public investment into entrepreneurship can lead to “crowding out” effects (Cumming and Johan, 2019), meaning that public investment into entrepreneurship could displace or reduce private investment into entrepreneurship (Audretsch and Fiedler, 2023; Zikou et al., 2017). This study’s findings indicate that using public investment to increase firm births could increase future firm births in related and unrelated sectors. However, more negative “crowding out” effects may also occur in unrelated sectors, meaning that public investment which stimulates firm births in a certain sector could induce firm deaths and crowd out entrepreneurship in unrelated sectors.

Originality/value

This paper is the first in the literature to explicitly account for the role of relatedness in firm interrelationships.

Details

Journal of Economic Studies, vol. 51 no. 9
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 11 April 2024

Eleni Dalla, Stephanos Papadamou, Erotokritos Varelas and Athanasios Argyropoulos

Our purpose is the examination of the effects of fiscal policy on private lending for the Eurozone countries. The emphasis is on the identification of the time path of government…

Abstract

Purpose

Our purpose is the examination of the effects of fiscal policy on private lending for the Eurozone countries. The emphasis is on the identification of the time path of government spending and bank lending.

Design/methodology/approach

Fiscal policy is a main factor of macroeconomic stability for the euro area economy. This paper, investigates the impact of government spending on bank lending. For this reason, we present a dynamic theoretical model with a perfectly competitive banking sector, estimated using panel cointegration for the Eurozone countries from 2000Q1 to 2022Q2.

Findings

Our findings highlight that, in the long run, consistent management of government spending can have a beneficial multiplicative impact on bank lending for housing and business reasons. This finding is stronger in magnitude for business versus housing lending. The high level of homogeneity of our results across Eurozone countries has positive implications for a common fiscal policy in the future. Finally, authorities should know that policy adjustments are quicker in housing lending when compared to business lending.

Originality/value

In this paper, we contribute to the existing literature, concentrating on the investigation of any existence of long-run and short-run relationships between government spending and bank lending. Additionally, our analysis allows one to investigate the contribution of each Eurozone member state in the short-run and long-run model’s dynamics, providing significant outcomes for the implementation of economic policy and the need for fiscal discipline in the Eurozone.

Details

Journal of Economic Studies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 18 August 2022

Britto Pari J., Mariammal K. and Vaithiyanathan D.

Filter design plays an essential role in most communication standards. The essential element of the software-defined radio is a channelizer that comprises several channel filters…

Abstract

Purpose

Filter design plays an essential role in most communication standards. The essential element of the software-defined radio is a channelizer that comprises several channel filters. Designing filters with lower complexity, minimized area and enhanced speed is a demanding task in currently prevailing communication standards. This study aims to propose an efficient reconfigurable residue number system (RNS)-based multiply-accumulate (MAC) channel filter for software radio receivers.

Design/methodology/approach

RNS-based pipelined MAC module for the realization of channel finite impulse response (FIR) filter architecture is considered in this work. Further, the use of a single adder and single multiplier for realizing the filter architecture regardless of the number of taps offers effective resource sharing. This design provides significant improvement in speed of operation as well as a reduction in area complexity.

Findings

In this paper, two major tasks have been considered: first, the RNS number conversion is performed in which the integer is converted into several residues. These residues are processed in parallel and are applied to the MAC-FIR filter architecture. Second, the MAC filter architecture involves pipelining, which enhances the speed of operation to a significant extent. Also, the time-sharing-based design incorporates a single partial product-based shift and add multiplier and single adder, which provide a low complex design. The results show that the proposed 16-tap RNS-based pipelined MAC sub-filter achieves significant improvement in speed as well as 89.87% area optimization when examined with the conventional RNS-based FIR filter structure.

Originality/value

The proposed MAC-FIR filter architecture provides good performance in terms of complexity and speed of operation because of the use of the RNS scheme with pipelining and partial product-based shift and adds multiplier and single adder when examining with the conventional designs. The reported architecture can be used in software radios.

Details

World Journal of Engineering, vol. 21 no. 1
Type: Research Article
ISSN: 1708-5284

Keywords

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