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Book part
Publication date: 29 October 2018

Aleksei V. Bogoviz, Tatiana V. Skryl, Irina S. Ferova, Anna A. Burdina and Aigul Sultanguzhiyeva

The purpose of this chapter is to study the American practice of implementing the model of information economy as an example to the leading countries of the American region of the

Abstract

Purpose

The purpose of this chapter is to study the American practice of implementing the model of information economy as an example to the leading countries of the American region of the global economic system and to compile a conceptual model of formation and development of information economy in modern America.

Methodology

For provision of compatibility of data on different regions of the global economic system, the research is performed on the basis of the previously used methodology and information platform. The values of the indicators of technosphere, sociosphere, economic sphere, and target result in information economy’s formation in American countries and are compared to determine their variation from direct average; subsequently, they are compared with the global values for evaluation of percentage deviations. The research concerns countries such as USA, which is a leader in the American region with regard to the global economic system, Canada, which is the country closest to the level of economic development by the region’s leader, and Brazil, which is the foremost leading country among the developing countries of the American region. The data from 2017 is used in the study.

Results

The authors conclude that the US economy is not a deviant economic system but a true leader of the American region with regard to the the global economic system. That is, the USA shows higher level and rate of information economy’s formation, but applied that for the same conceptual model as other countries of the American region. The most vivid uniqueness of the American model of establishment and development of information economy is the stage-by-stage character of the noosphere pyramid, which is manifested by vivid reduction of the area of its structural elements, the most massive of which is technosphere, which corresponds to the indicators that are standard for the leading countries of the world.

Recommendations

The offered conceptual model is recommended for studying the formation of information economy in the America region and compare this process in other regions of the world.

Abstract

Details

Modelling the Riskiness in Country Risk Ratings
Type: Book
ISBN: 978-0-44451-837-8

Book part
Publication date: 31 December 2010

M.C. Mirow

This chapter examines ways the Spanish Constitution of 1812, also known as the Constitution of Cádiz, has been viewed in historical and constitutional thought. The document is a…

Abstract

This chapter examines ways the Spanish Constitution of 1812, also known as the Constitution of Cádiz, has been viewed in historical and constitutional thought. The document is a liberal constitution establishing constitutional rights, a representative government, and a parliamentary monarchy. It influenced ideas of American equality within the Spanish Empire, and its traces are observed in the process of Latin American independence. To these accepted views, one must add that the Constitution was a lost moment in Latin American constitutional development. By the immediate politicization of constitutionalism after 1812, the document marks the beginning of constitutional difficulties in the region.

Details

Studies in Law, Politics and Society
Type: Book
ISBN: 978-0-85724-615-8

Open Access
Article
Publication date: 16 May 2023

Peterson K. Ozili

This paper aims to investigate the correlation between banking sector non-performing loans (NPLs) and the level of sustainable development.

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Abstract

Purpose

This paper aims to investigate the correlation between banking sector non-performing loans (NPLs) and the level of sustainable development.

Design/methodology/approach

Pearson correlation test statistic was used to assess the correlation between bank NPLs and sustainable development.

Findings

There is a significant positive correlation between banking sector NPLs and the level of sustainable development measured by the sustainable development index (SDI). The significant positive correlation is evident in European countries and in countries in the region of the Americas. There is a significant negative correlation between banking sector NPLs and achieving SDG3 and SDG7 in African countries and European countries. There is also a significant negative correlation between NPLs and achieving SDG10 in European countries. There is a significant positive correlation between banking sector NPLs and achieving SDG4 and SDG7 in the region of the Americas. There is also a significant positive correlation between NPLs and achieving SDG10 in African countries and in countries in the region of the Americas.

Originality/value

The present study is unique and different from other studies because it used a unique SDI to capture the level of sustainable development. The analysis is also unique because it covers several regions, which have not been covered in previous studies.

Details

Arab Gulf Journal of Scientific Research, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1985-9899

Keywords

Open Access
Article
Publication date: 14 February 2023

Peterson K. Ozili

The purpose of the study is to investigate the correlation between credit supply to government and credit supply to the private sector to determine whether there is a crowding-out…

Abstract

Purpose

The purpose of the study is to investigate the correlation between credit supply to government and credit supply to the private sector to determine whether there is a crowding-out or crowding-in effect of credit supply to government on credit supply to the private sector.

Design/methodology/approach

The study used data from 43 countries during the 1980–2019 period. The study employed the Pearson correlation methodology to analyze the data.

Findings

There is a significant positive correlation between credit supply to government and credit supply to the private sector. There is also a significant positive relationship between credit supply to government and credit supply to the private sector, implying a crowding-in effect of government borrowing on private sector borrowing. The positive correlation between credit supply to government and credit supply to the private sector by banks is stronger and highly significant in the period before the Great Recession, while the positive correlation is weaker and less significant during the Great Recession, and the correlation further weakens after the Great Recession. The regional analyses show that the positive correlation between credit supply to government and credit supply to the private sector by banks is stronger and highly significant in the African region than in the Asian region and the region of the Americas.

Originality/value

There is no evidence on the correlation between credit supply to government and credit supply to the private sector during the Great Recession.

Article
Publication date: 1 December 2000

Guilherme Santana

Tourism in South America has been largely overlooked compared to other tourism developing regions such as Asia and Africa. Decades of political and economic uncertainty have…

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Abstract

Tourism in South America has been largely overlooked compared to other tourism developing regions such as Asia and Africa. Decades of political and economic uncertainty have directly influenced tourism development in the region and explain tourism’s current state. Despite its dimension, diversity and attractiveness, Brazil has only recently recognized the tourism industry as a promoter of economic and social development. Recent trends in the tourism industry in Brazil clearly illustrate the correlation between economic and political stability and development in tourism. This paper discusses the major issues that have influenced and shaped tourism in Brazil and addresses the major developments in the last decade and the future perspectives for the industry.

Details

International Journal of Contemporary Hospitality Management, vol. 12 no. 7
Type: Research Article
ISSN: 0959-6119

Keywords

Article
Publication date: 31 August 2022

Peterson K. Ozili and Thankom G. Arun

Managers are concerned about how the macroeconomic environment affects business profit. Focusing on banks, this study aims to investigate the effect of economic policy uncertainty…

Abstract

Purpose

Managers are concerned about how the macroeconomic environment affects business profit. Focusing on banks, this study aims to investigate the effect of economic policy uncertainty (EPU) on bank profitability in 22 advanced countries.

Design/methodology/approach

The study used the panel fixed effect regression methodology to assess the effect of EPU on several measures of bank profitability for 22 advanced countries from 1998 to 2017. The measures of bank profitability are net interest margin, lending-deposit spread, non-interest income (NII) ratio, after-tax return on asset, before-tax return on asset, after-tax return on equity and before-tax return on equity.

Findings

The findings reveal that high EPU negatively affects bank NII. Real gross domestic product growth rate, nonperforming loans and regulatory capital ratio are negatively related to profitability in times of high EPU. The findings also reveal that high EPU has a positive effect on bank profitability in Asia and the region of the Americas, as these regions witnessed high return on equity in times of high EPU.

Practical implications

The implication of the findings is that, although EPU has a depressive effect on some indicators of bank profitability, regional characteristics can ameliorate the depressive effects of EPU on bank profitability.

Originality/value

This study contributes to the literature that examine the economic consequences of EPU on firms. To the best of the authors’ knowledge, this study is among the first to examine how regional characteristics affect the relationship between EPU and bank profitability using cross-country data.

Details

International Journal of Managerial Finance, vol. 19 no. 4
Type: Research Article
ISSN: 1743-9132

Keywords

Article
Publication date: 7 March 2024

Abdul Rahman Zahari and Elinda Esa

The purpose of this study is to determine whether COVID-19 had an impact on the brand equity of the Top 100 global brands in the Americas, European and Asian regions over the

Abstract

Purpose

The purpose of this study is to determine whether COVID-19 had an impact on the brand equity of the Top 100 global brands in the Americas, European and Asian regions over the three years of assessment (2020–2022).

Design/methodology/approach

A secondary data method (document scanning) was used to gather the study’s data from Brand Finance’s Global 500 annual reports from 2019 to 2022. The data for this study was analysed using the IBM Statistical Package for Social Science (SPSS) Statistics for Windows, Version 26.0. The data were subjected to a descriptive test and one-way analysis of variance.

Findings

The findings showed that most of the Top 100 global brands from the Americas, Europe and Asia experienced little or no impact due to COVID-19. Thus, no significant differences were found to exist among the Top 100 global regional brands due to COVID-19 in the years 2020 and 2021. However, there is a significant difference in 2022 due to its small effect size.

Originality/value

The findings of this paper contribute to brand equity literature and global branding literature in the context of COVID-19. This paper innovatively frames brand equity and provides guidelines to help brands sustain their financial-based brand equity during a worldwide crisis.

Details

Journal of Contemporary Marketing Science, vol. 7 no. 1
Type: Research Article
ISSN: 2516-7480

Keywords

Book part
Publication date: 18 November 2020

Elliott Currie

A central focus of Sustainable Development Goal 16 is to ‘Significantly reduce all forms of violence and related death rates everywhere’. This chapter explores the magnitude of

Abstract

A central focus of Sustainable Development Goal 16 is to ‘Significantly reduce all forms of violence and related death rates everywhere’. This chapter explores the magnitude of this task, focussing on the persistence – and in some cases intensification – of stark differences both within and between societies around the world in the level of suffering and death imposed by ‘ordinary’ violence in the streets and homes. These differences dramatically shape the lived experience of people on different sides of what I call the ‘violence divide’. At the extreme, they produce rates of violent death that are over 200 times higher in the most dangerous countries than in the least. These disparities are both a consequence and a cause of failures of sustainable and equitable development. They are sharpest and most consequential between parts of the global South and most of the advanced industrial societies, but they also appear in stark relief within some advanced societies, most notably the United States, reflecting broader, enduring inequities that are only weakly challenged, if at all, in the current political climate. Reducing these fundamental disparities in life and death will require moving well beyond the relatively minor criminal justice reforms and limited prevention efforts that often dominate national and international dialogue, to grapple seriously with the structural forces that breed them.

Details

The Emerald Handbook of Crime, Justice and Sustainable Development
Type: Book
ISBN: 978-1-78769-355-5

Keywords

Article
Publication date: 13 February 2017

Elizabeth A. Mackay and Andrew Spencer

This conceptual paper examines the Caribbean tourism sector, its growth, performance, importance and its vulnerability to climate change. The purpose of this paper is to serve as…

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Abstract

Purpose

This conceptual paper examines the Caribbean tourism sector, its growth, performance, importance and its vulnerability to climate change. The purpose of this paper is to serve as an introduction to the on-going conversation around climate change and the socioeconomic impacts likely to be experienced in tourism-dependent Caribbean territories.

Design/methodology/approach

The Caribbean is used as the context of this work. A broad perspective was adopted to paint a picture of the wider implications. The region is represented by a multiplicity of country profiles, both in physical and socio-economic characteristics; this warrants a broad assessment of the issues examined here.

Findings

This work shows that the Caribbean tourism sectors face significant future threats related to both competitiveness and climate change impacts. For a region so heavily dependent on coastal- and marine-related tourism attractions, adaptation and resilience are critical issues facing Caribbean tourism. An effective approach to building resilience to climate change requires extensive regional cooperation.

Research limitations/implications

While there is much published on the matter of climate change implications in the general global context, there is considerably less published work specifically examining the likely effects climate change will have on the special socio-economic features of the Caribbean and on the tourism industry in particular.

Practical implications

The lack of extensive and ongoing research dedicated to climate change implications for Caribbean tourism, while limiting the scope of this work, does highlight a gap and open the door for future work that examines, in greater detail both collectively and on an individual country basis, the climate change implications for tourism industries throughout the region.

Social implications

Climate change vulnerabilities in the region present a significant threat to economic development, employment and food security among others. Coastal flooding, infrastructural damage and the potential displacement of coastal communities present significant impediments to the quality of life of Caribbean nationals. The social implications necessitate further in-depth study to inform the development of adaptation strategies that may secure the tourism industry and the livelihoods and lifestyles of the people.

Originality/value

This work is original in its evaluation of the viewpoints of climate change vulnerability specific to the Caribbean tourism sector.

Details

Worldwide Hospitality and Tourism Themes, vol. 9 no. 1
Type: Research Article
ISSN: 1755-4217

Keywords

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