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Book part
Publication date: 17 May 2024

Asim K. Karmakar, Sebak K. Jana and Priyanthi Bagchi

Financial instability and economic crises are closely intertwined. There is no universally accepted definition. The term ‘stability’ or ‘instability’ refers to the behaviour of…

Abstract

Financial instability and economic crises are closely intertwined. There is no universally accepted definition. The term ‘stability’ or ‘instability’ refers to the behaviour of the system rather than to individual institutions. However, one cannot rule out that failure of a single financial institution can trigger significant financial turmoil as was happened in 2007–08 global financial crises. Like unstable equilibrium, instability implies inability to correct itself on its own. Instability, if it persists, turns into a crisis. In the above backdrop, the objective of this chapter is to investigate the financial crises and instability viewed both from economic and international political economy perspectives with a tale of four generation crisis models as it has been evolved over time to explain the phenomenon of different types of crises.

Details

International Trade, Economic Crisis and the Sustainable Development Goals
Type: Book
ISBN: 978-1-83753-587-3

Keywords

Article
Publication date: 9 May 2024

Anna Korotysheva and Sergey Zhukov

This study aims to comprehensively address the challenge of delineating traffic scenarios in video footage captured by an embedded camera within an autonomous vehicle.

Abstract

Purpose

This study aims to comprehensively address the challenge of delineating traffic scenarios in video footage captured by an embedded camera within an autonomous vehicle.

Design/methodology/approach

This methodology involves systematically elucidating the traffic context by leveraging data from the object recognition subsystem embedded in vehicular road infrastructure. A knowledge base containing production rules and logical inference mechanism was developed. These components enable real-time procedures for describing traffic situations.

Findings

The production rule system focuses on semantically modeling entities that are categorized as traffic lights and road signs. The effectiveness of the methodology was tested experimentally using diverse image datasets representing various meteorological conditions. A thorough analysis of the results was conducted, which opens avenues for future research.

Originality/value

Originality lies in the potential integration of the developed methodology into an autonomous vehicle’s control system, working alongside other procedures that analyze the current situation. These applications extend to driver assistance systems, harmonized with augmented reality technology, and enhance human decision-making processes.

Details

International Journal of Intelligent Unmanned Systems, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2049-6427

Keywords

Article
Publication date: 14 May 2024

Saima Sajid, Norehan Abdullah and Abdul Razak Chik

The participation of females in economic activity remains a challenge, and received a lot of attention for a better labor policy discourse. The empirical research focused widely…

Abstract

Purpose

The participation of females in economic activity remains a challenge, and received a lot of attention for a better labor policy discourse. The empirical research focused widely on the relationship between female labor force participation (FLFP) and economic development, called the feminization U-shape hypothesis. However, the linear/nonlinear relationship has been questioned due to empirical and methodological anomalies. Hence, this study aims to extend the previous work by reexamining this relationship in Pakistan.

Design/methodology/approach

The annual data from 1980 to 2021, the unit root tests augmented Dickey–Fuller and Phillips and Perron, the conventional autoregressive distributed lag bound test approach by including the quadratic-term of GDP per capita and the novel Sasabuchi–Lind–Mehlum (SLM) U test (2010) used for empirical estimation.

Findings

The findings revealed the prospects of a long-run nonlinear association between FLFP and economic development in Pakistan. However, an inverse U-shape exists between the female labor force participation rate (FLFPR) and GDP per capita, predicting that FLFP may decline in the future.

Research limitations/implications

The traditional feminization U-shape hypothesis has little empirical support in the case of Pakistan. Therefore, the Government of Pakistan should enhance the enabling environment for females through the provision of better job opportunities, technical skills, on-the-job training and social security benefits during all phases of economic development.

Originality/value

The conventional approach of testing U-shape is insufficient. To the best of the authors’ knowledge, therefore, this study incorporated a wider data set in a time series that is less evident, an advanced methodology SLM U test (2010), to validate the feminization U-shape hypothesis in Pakistan for the first time.

Details

Gender in Management: An International Journal , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1754-2413

Keywords

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