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Open Access
Article
Publication date: 6 February 2024

Daniel Cookman

This paper aims to discuss the adequacy of restrictive measures. Providing a synopsis of a global movement toward the imposition of target restrictive measures. Questioning the…

Abstract

Purpose

This paper aims to discuss the adequacy of restrictive measures. Providing a synopsis of a global movement toward the imposition of target restrictive measures. Questioning the success of targeted restrictive measures in obtaining behavioural change. Identifying a reversion to the implementation of wide ranging sectoral restrictive measures in an attempt to encourage immediate behavioural change. Accessing the success of using restrictive measures to encourage democratic regimes in Africa.

Design/methodology/approach

This study is a desktop research that examines European Parliament and Council issued Regulations for the jurisdictions of Iran, Russia and Belarus. Academic research is also used in identifying a pendulum swing by global legislatures with respect to the imposition of targeted measures to requiring the imposition of additional wide ranging sectoral measures.

Findings

Targeted measures can be circumvented using non-hostile third countries. Academic research identifies that wide reaching sectoral sanctions encourage regime change. Therefore, where targeted measures fail to give rise to their desired persuasive objectives. The legislator moves to introduce additional measures, also comprising of sectoral sanctions. Sectoral sanctions have been applied by the European Union in Iran, Russia and Belarus. The USA has taken measures to limit Russia ability to use Turkey as a transshipment hub. The African continent case study identifies the importance of creating an architecture founded on upholding positive governance and human rights standards. Failure to do so leads to a revolving system of authoritarian regimes, sanctioned by restrictive measures.

Originality/value

This paper is a desktop review composed by the author.

Details

Journal of Money Laundering Control, vol. 27 no. 7
Type: Research Article
ISSN: 1368-5201

Keywords

Article
Publication date: 1 July 2014

Mohamed Hassan and Magda Kandil

Job creation is the most important challenge facing Egypt today. Economic performance has been uneven over the last three decades, but even in periods of high growth, the job…

Abstract

Purpose

Job creation is the most important challenge facing Egypt today. Economic performance has been uneven over the last three decades, but even in periods of high growth, the job content of growth has not been strong enough to absorb new entrants. The 1990s and early 2000s saw the acceleration in the structural adjustments. The fast growing role of the private sector and the contraction of public sector employment are considered the most important characteristics of this period. The paper aims to discuss these issues.

Design/methodology/approach

The findings of the paper support the view that sectoral shifts, in response to structural transformations, have been an important source of private employment fluctuations in Egypt, and the implications on aggregate employment have varied with the stage of the business cycle in the private sector. Moreover, one of the important findings of the paper shows that public sectoral shifts have caused stronger effects on private employment growth than private sectoral shifts do. However, failure to align public sectoral shifts with growth in the private sector has had a negative effect on employment growth, increasing aggregate unemployment.

Findings

The findings also confirm the crowding-out effect of higher government expenditure on private employment, particularly during a boom. Finally, the findings show that changes in domestic credit going to the private sector as a ratio of private GDP, and higher exports ratio to GDP have statistically significant positive effects on private employment growth.

Originality/value

Overall, the findings signify the importance of policies that aim at increasing the job content of private-led growth in Egypt.

Details

International Journal of Development Issues, vol. 13 no. 2
Type: Research Article
ISSN: 1446-8956

Keywords

Article
Publication date: 19 September 2017

Jing Tian, Julio Lumbreras, Celio Andrade and Hua Liao

This paper aims to identify key sectors in carbon footprint responsibility, an introduced concept depicting CO2 responsibilities allocated through the supply chain containing…

Abstract

Purpose

This paper aims to identify key sectors in carbon footprint responsibility, an introduced concept depicting CO2 responsibilities allocated through the supply chain containing sectoral activities and interactions. In detail, various key sectors could be identified according to comparative advantages in trade, sectoral linkage and sectoral synergy within the supply chain.

Design/methodology/approach

A semi-closed input–output model is used to make the household income–expenditure relationship endogenous through the supply chain where sectoral CO2 emissions are calculated, and the production-based responsibility (PR) principle is evaluated. Thus, according to “carbon footprint responsibility”, modified hypothetical extraction method is applied to decompose sectoral CO2 in terms of comparative advantages in trade, sectoral linkage and synergy. Finally, key sectors are identified via sectoral shares and associated decompositions in carbon footprint responsibility.

Findings

Compared to 2005, in 2012, the PR principle failed to track sectoral CO2 flow, and embodied CO2 in import and interprovincial export increased, with manufacturing contributing the most; manufacturing should take more carbon responsibilities in the internal linkage, and tertiary sectors in the net forward and backward linkage, with sectors enjoying low carbonization in the mixed linkage; inward net CO2 flows of manufacturing and service sectors were more complicated than their outward ones in terms of involved sectors and economic drivers; and residential effects on CO2 emissions of traditional sectors increased, urban effects remained larger than rural ones and manufacturing and tertiary sectors received the largest residential effects.

Originality/value

The value of this paper is as follows: the household income–expenditure relationship got endogenous in intermediate supply and demand, corresponding to the rapid urbanization in megacities; key sectors were observed to change flexibly according to real sectoral activities and interaction; and the evaluation of the PR principle was completed ahead of using a certain CO2 accounting principle at the city level.

Details

International Journal of Climate Change Strategies and Management, vol. 9 no. 6
Type: Research Article
ISSN: 1756-8692

Keywords

Article
Publication date: 8 July 2019

Apriani Dorkas Rambu Atahau and Tom Cronje

The purpose of this paper is to determine the impact of loan concentration on the returns of Indonesian banks and examines whether bank ownership types affect the relationship…

Abstract

Purpose

The purpose of this paper is to determine the impact of loan concentration on the returns of Indonesian banks and examines whether bank ownership types affect the relationship between concentration and returns.

Design/methodology/approach

This research uses heuristic measures of concentration: The Hirschman–Herfindahl index and Deviation from Aggregated Averages are applied to Indonesian banks across all sectors. The data covers the pre and post global financial crises periods from 2003-2011 for 109 commercial banks in Indonesia. Panel feasible generalised least squares analysis was applied.

Findings

The findings show that loan concentration increases bank returns. The positive effect of concentration on returns tends to be more significant for domestic-owned banks. In addition, the interaction effect shows that the positive effect of concentration on returns is less for foreign-owned banks.

Research limitations/implications

The Indonesian central bank changes to the reporting format of sectoral loan allocation by banks since 2012 in terms of the Indonesian Banking Statistics Details of Enhancement matrix requires separate data analysis for 2012 onwards. The findings of this paper could be enhanced by more detailed data like interest rate expenses and bank level sectoral non-performing loans data.

Practical implications

The findings suggest that a focus strategy provides better returns. Moreover, bank ownership types is an important factor to consider when setting a bank lending policy.

Originality/value

This paper is among the few studies where different measures of loan concentration in combination with measures of return are applied in Indonesia as an emerging Asian country. The research also provides evidence of the impact of concentration on the interest earnings of the loan portfolios of banks in addition to return on assets and return on equity that are generally applied as measures of return in previous research.

Details

Journal of Asia Business Studies, vol. 13 no. 3
Type: Research Article
ISSN: 1558-7894

Keywords

Article
Publication date: 9 January 2023

Hardik Marfatia

Financial market holds superior information that can give insights into the future trajectory of economic growth. Further, identifying sectors that hold the key to future economic…

Abstract

Purpose

Financial market holds superior information that can give insights into the future trajectory of economic growth. Further, identifying sectors that hold the key to future economic growth is important for all economies, but particularly relevant to emerging markets. However, unlike existing studies, the paper provides new insights into the forward-oriented nexus between financial markets and economic growth.

Design/methodology/approach

This paper takes a forward-looking approach of using financial market information to predict future economic growth. The authors use ARDL modeling approach to predict economic growth using the information from stock market sectoral returns.

Findings

The authors find that sectoral stock returns significantly improve economic growth forecasts. However, the forecasting superiority is not uniform across sectors and horizons. Auto, consumers' spending, materials and realty sectors provide the most forecasting gains. In contrast, banking, capital goods and industrial sectors provide superior forecasts, but only at horizons beyond one year. The authors also find that the forecast superiority of sectors at longer horizons is inversely related to volatility.

Research limitations/implications

Research highlights the need for sector-focused policy actions in driving economic growth. Further, the findings of the paper identify sectors that drive short-, medium- and long-term economic growth.

Practical implications

There is a significant heterogeneity among different sectors and across horizons in predicting economic growth. Results suggest that targeted policy actions in sectors like materials, metals, oil and gas, and realty are key in driving economic growth. Further, policies geared toward the grassroots industries are at least as beneficial as the large-scale industries. Evidence also suggests the need for an active fiscal policy to address infrastructural bottlenecks in primary industries like basic materials and energy. Evidence nevertheless does not undermine the role of monetary policy actions.

Originality/value

Unlike any paper till date, the innovation of the paper is that it takes an ARDL modeling approach to measure stock market sectoral returns' ability to forecast economic growth several months ahead in the future. Though the paper considers the Indian case, the innovation and contribution extents to the entire field of economic studies.

Details

Journal of Economic Studies, vol. 50 no. 7
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 1 February 1993

Martha A. Reavley

Introduction This study investigates the impact of extra‐organisational or “new structuralist” factors on the employment status of women in Canada. Employment status is measured

Abstract

Introduction This study investigates the impact of extra‐organisational or “new structuralist” factors on the employment status of women in Canada. Employment status is measured by the representation ratio, inter‐occupational segregation index, intra‐occupational status index and the salary advantage index. In this article, “new structuralist” factors (organisational context and external environmental factors) hypothesised as contributing to the employment status of women are described. The results of statistical analyses of the relationships between employment status measures and a specified set of “new structuralist” variables are presented.

Details

Equal Opportunities International, vol. 12 no. 2
Type: Research Article
ISSN: 0261-0159

Open Access
Article
Publication date: 30 September 2004

Prabir De and Ro-Kyung Park

Since the 1980s the economic development of countries in East Asia has had a marked impact on the world port community, particularly in container transport. This paper analyses…

Abstract

Since the 1980s the economic development of countries in East Asia has had a marked impact on the world port community, particularly in container transport. This paper analyses changes in the competitive environment of the world container port sector using some standard tools of market concentration. Initially, this paper reviews the competitive position of world container port system and then examines the East Asian economic environment. Both ordinal and cardinal measures of port system inequality are used to demonstrate both the rankings and levels of container throughput have been diverging in the world's major economic blocs. Conversely, East Asian countries during the 1990s have shown a trend towards convergence. Measures of dispersion suggest that ports in East Asian countries have become more competitive in their levels of container throughput.

Details

Journal of International Logistics and Trade, vol. 2 no. 1
Type: Research Article
ISSN: 1738-2122

Keywords

Book part
Publication date: 5 April 2024

Luis Orea, Inmaculada Álvarez-Ayuso and Luis Servén

This chapter provides an empirical assessment of the effects of infrastructure provision on structural change and aggregate productivity using industrylevel data for a set of…

Abstract

This chapter provides an empirical assessment of the effects of infrastructure provision on structural change and aggregate productivity using industrylevel data for a set of developed and developing countries over 1995–2010. A distinctive feature of the empirical strategy followed is that it allows the measurement of the resource reallocation directly attributable to infrastructure provision. To achieve this, a two-level top-down decomposition of aggregate productivity that combines and extends several strands of the literature is proposed. The empirical application reveals significant production losses attributable to misallocation of inputs across firms, especially among African countries. Also, the results show that infrastructure provision has stimulated aggregate total factor productivity growth through both within and between industry productivity gains.

Open Access
Book part
Publication date: 4 April 2019

Külliki Tafel-Viia

In times of converging and diversifying audiovisual (AV) industries, digitising health sector and the increasing phenomenon of cross-sectoral innovation, the question arises about…

Abstract

In times of converging and diversifying audiovisual (AV) industries, digitising health sector and the increasing phenomenon of cross-sectoral innovation, the question arises about the state of affairs between the health and AV sectors. The chapter aims to explore what the main modes of cross-sectoral cooperation between the health and AV sectors are and what supports and hinders the emergence of a related cross-innovation system. The chapter introduces two case studies carried out in Estonia and the wider Aarhus region (Midtjylland) in Denmark. At each site representatives of the main stakeholders of both sectors were interviewed – policy makers, entrepreneurs, educators and professionals. The results demonstrate the crucial role of path-dependencies – in terms of both hindering and enabling cross-sectoral dialogues – and also the importance of effective coordination in supporting cross-innovation.

Book part
Publication date: 20 December 2005

Paul D. Almeida

The article focuses on varying protest intensities of social movement activists in an authoritarian political environment. Drawing on a sample of participants in El Salvador's El…

Abstract

The article focuses on varying protest intensities of social movement activists in an authoritarian political environment. Drawing on a sample of participants in El Salvador's El movimiento popular, the paper examines how structural location in the resistance movement's multi-sectoral organizational infrastructure shapes the level of participation. Those motivated by state repression and maintaining multiple or cross-sectoral organizational ties exhibited higher levels of protest participation. The findings suggest that more attention be given to how the multi-sectoral network structure of opposition coalitions induces micro-mobilization processes of individual participation in high-risk collective action.

Details

Research in Social Movements, Conflicts and Change
Type: Book
ISBN: 978-0-76231-263-4

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