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Open Access
Article
Publication date: 13 October 2021

Asma Raies

God promised pious individuals who obey to His commandments, to increase their economic well-being. Although it is difficult to demonstrate with figures in hand this causality…

2172

Abstract

Purpose

God promised pious individuals who obey to His commandments, to increase their economic well-being. Although it is difficult to demonstrate with figures in hand this causality relationship, Muslims must believe in its existence and robustness at both the individual and collective levels, as it is argued in Qur'an and the Prophetic Narration. We aim in this paper to model this positive relationship between Islamic work ethics and economic growth and prove theoretically its existence.

Design/methodology/approach

We develop an endogenous growth model very close technically to Lucas–Uzawa model (1988) in which the human capital defined as the individual's skill level acquired through formal education and learning by doing is replaced by ethical capital (piety).

Findings

The model proves theoretically that Islamic ethics are a key engine of endogenous economic growth and that the underdevelopment of Muslim populations is due to their low ethical capital (lack of piety).

Practical implications

The study recommends some policies such as providing formal religious education at all educational levels (elementary, secondary and higher levels) and promoting ethical values such as piety, sincerity, transparency, etc., through media and cultural institutions. Also, managers could provide courses and training to their workers to teach them Islamic work ethics.

Originality/value

This paper is the first to mathematically model Islamic work ethics as endogenous phenomena in socioeconomic systems and study theoretically their contributions to economic growth.

Details

Islamic Economic Studies, vol. 29 no. 2
Type: Research Article
ISSN: 1319-1616

Keywords

Content available
Book part
Publication date: 29 July 2019

Abstract

Details

Tech, Smart Cities, and Regional Development in Contemporary Russia
Type: Book
ISBN: 978-1-78973-881-0

Open Access
Article
Publication date: 16 November 2018

Raymond Saner, Lichia Yiu and Laurel Rush

The purpose of this paper is to discuss the difficulty of measuring and monitoring of human trafficking within the context of the 2030 Agenda and its Sustainable Development Goals…

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Abstract

Purpose

The purpose of this paper is to discuss the difficulty of measuring and monitoring of human trafficking within the context of the 2030 Agenda and its Sustainable Development Goals (SDGs). The challenges that come with monitoring an invisible crime such as human trafficking within the SDG context are due to the fact that the indicators pertaining to human trafficking fall into the category of “difficult to define and collect” type of data. This paper sheds light on these measuring difficulties and makes recommendations how to overcome them.

Design/methodology/approach

The methodology used is a policy analysis drawing on secondary literature and surveys and interviews with victims of human trafficking reported in publicly available documents. Comparative analysis also draws on laws and institutional agreements and treaties on human trafficking developed by governments, international organizations and regional organizations.

Findings

The different ways that have been proposed to collect and analyze data on trafficking victims highlight the complications of monitoring trafficking in both national and global contexts in situations where human rights violation and crime are situated at the nexus of the poverty, injustice, development and weak institutions. The paper brings to the attention of the international community that the current SDG indicators are inadequate for measuring human trafficking and need to be urgently improved.

Originality/value

This paper makes new contributions to the study of human trafficking in the context of the SDGs and proposes seven points of future action in order to create intersectoral linkages and better data collection in order to gain a fuller picture on human trafficking.

Details

Public Administration and Policy, vol. 21 no. 2
Type: Research Article
ISSN: 1727-2645

Keywords

Open Access
Article
Publication date: 25 January 2022

Kennedy Prince Modugu and Juan Dempere

The purpose of this paper is to examine monetary policies and bank lending in the emerging economies of Sub-Sahara Africa.

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Abstract

Purpose

The purpose of this paper is to examine monetary policies and bank lending in the emerging economies of Sub-Sahara Africa.

Design/methodology/approach

The dynamic system-generalized method of moments (GMM) that overcomes issues of unobserved period and country-specific effects, as well as potential endogeneity of explanatory variables, is applied in the estimation exercise. The study uses the data for 80 banks across 20 Sub-Saharan African countries from 2010 to 2019.

Findings

The findings show that expansionary monetary policy such as an increase in money supply stimulates bank lending, while contractionary monetary policies like increase in the monetary policy rates by the central banks lead to credit contraction, albeit a weak effect due to possible underdevelopment of financial markets, institutional constraints, bank concentration and other rigidities in the system characteristic of developing countries that undermine the effectiveness of monetary policy transmission. Capital adequacy ratio and size of economic activities are other variables that significantly influence bank lending channels.

Practical Implication

Sub-Sahara Africa countries can enhance the effectiveness of monetary policy transmission on bank lending through the effective use of the transmission mechanism of changes in money supply and monetary policy rate.

Originality/value

While greater empirical attention has been devoted to the nexus between monetary policies and macroeconomic variables in country-specific studies, the connection between monetary policies and bank lending at an extensive regional or cross-country level is still scanty. For Sub-Saharan Africa, there is a palpable lack of empirical evidence on this. This study, therefore, seeks to fill this gap in a region where the impact of monetary policies on credit intermediation is crucial to the economic diversification efforts of the governments of Sub-Sahara Africa.

Details

Journal of Economics and Development, vol. 24 no. 3
Type: Research Article
ISSN: 1859-0020

Keywords

Open Access
Article
Publication date: 15 August 2019

Muhammad Mohsin Hakeem

The purpose of this paper is to indicate an innovative solution to address the financing issues faced by “Micro-, Small and Medium Enterprises” (MSME) in emerging economies.

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Abstract

Purpose

The purpose of this paper is to indicate an innovative solution to address the financing issues faced by “Micro-, Small and Medium Enterprises” (MSME) in emerging economies.

Design/methodology/approach

Islamic Financial Institutions (IFIs) especially Islamic banks are competing for high net worth individuals, whereas the MSME sector is largely untapped. A collaborative model for IFIs is suggested, to explore the MSME sector. Islamic Non-Banking Financial Institutions (NBFIs) are operating in these markets through their extensive gross route networks. The multistep collaborative model proposes “Special Purpose Entity (SPE)” partially owned by a single Islamic Bank or consortium and NBFI/s. SPEs can be incorporated with a defined scope, focus areas, risk profile, budget and shareholding patterns.

Findings

Risk and profit sharing instruments also known as Musharakah and Mudarabah have less than 6 percent share within total financing offered by Islamic banks globally. Risk sharing products offered by Islamic banks are not targeting this sector due to the underdevelopment of instruments, lack of knowledge and resources. Proposed SPEs can operate regionally with a concentration on specific business sectors.

Originality/value

The SPE model would enable Islamic banks to enter the huge MSME market while mitigating risk. On the contrary, it would enable the large segments of emerging economies (bottom 40 percent population of developing nations) to get involved and actively play their role to attain long-term development goals.

Content available
Book part
Publication date: 29 July 2019

Abstract

Details

Tech, Smart Cities, and Regional Development in Contemporary Russia
Type: Book
ISBN: 978-1-78973-881-0

Open Access
Article
Publication date: 17 July 2023

Cecília Lobo, Rui Augusto Costa and Adriana Fumi Chim-Miki

This paper aims to analyse the effects of events image from host communities’ perspective on the city’s overall image and the intention to recommend the events and the city as a…

1289

Abstract

Purpose

This paper aims to analyse the effects of events image from host communities’ perspective on the city’s overall image and the intention to recommend the events and the city as a tourism destination.

Design/methodology/approach

The research used a bivariate data analysis based on Spearman’s correlation and regression analysis to determine useful variables to predict the intention to recommend the city as a tourism destination. Data collection was face-to-face and online with a non-probabilistic sample of Viseu city residents, the second largest city in the central region of Portugal.

Findings

The findings had implications for researchers, governments and stakeholders. From the resident’s point of view, there is a high correlation between the overall city image and the intention to recommend it as a tourism destination. Event image and the intention to recommend the event participation affect the overall city image. Results point out the resident as natural promoters of events and their city if the local events have an appeal that generates their participation. Conclusions indicated that cities need to re-thinking tourism from the citizen’s perspective as staycation is a grown option.

Originality/value

Event image by host-city residents’ perceptions is an underdevelopment theme in the literature, although residents’ participation is essential to the success of most events. Local events can promote tourist citizenship and reinforce the positioning of tourism destinations, associating them with an image of desirable places to visit and live.

Details

International Journal of Tourism Cities, vol. 9 no. 4
Type: Research Article
ISSN: 2056-5607

Keywords

Open Access
Article
Publication date: 27 August 2019

Nancy Omolo and Paramu L. Mafongoya

The purpose of this paper is to investigate the relationship between gender and social capital in adapting to climate variability in the arid and semi-arid regions in Turkana in…

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Abstract

Purpose

The purpose of this paper is to investigate the relationship between gender and social capital in adapting to climate variability in the arid and semi-arid regions in Turkana in Kenya.

Design/methodology/approach

This paper undertook literature review of secondary data sources, conducted focus group discussions (FGDs) and key informant interviews (KIIs). The statistical package for the social sciences (SPSS) was used to analyze data for the quantitative part of the paper.

Findings

Vulnerability is influenced by age, gender, education and disability. Elderly women are considered to be the most vulnerable to climate variability and change because they are the poorest in the community, followed by elderly men, the disabled, female-headed households, married women, men and, finally, the youth. Less than 30 per cent of women and men in both Katilu and Loima are able to read and write. The cross-tabulation results show that there is a statistical significant relationship between gender, age and education level and climate change vulnerability. This implies that gender, age and education level have a significant effect on climate change vulnerability.

Research limitations/implications

The research coverage was limited to only two regions in Turkana because of time and economic constraints.

Practical implications

The lack of attention to gender in the climate change literature has time and again resulted in an oversimplification of women’s and men's experience of climate risks. Improved development assistance, investments and enhanced targeting of the truly vulnerable within pastoral societies demand an acceptance of underdevelopment in arid and semi-arid regions in Kenya because of historical imbalances in investment; the recognition that vulnerability of pastoralists is neither uniform nor universal and the need to consider differences like age, gender and education. Policy-makers should understand that pastoralists in the past have used indigenous knowledge to cope with and adapt to climate change. The current-recurrent and intensity droughts require investment in modern technology, equipping pastoralists with relevant information and skills to make them resilient to climate change and implementing existing and relevant policies for northern Kenya.

Social implications

This paper draws from several other efforts to show the critical relationships between gender, social capital and climate change. They are tracking adaptation and measuring development framework; ending drought emergencies common programme framework; and feminist evaluation approach.

Originality/value

This paper is important in identifying the link between gender, social capital and adaptation to climate change.

Details

International Journal of Climate Change Strategies and Management, vol. 11 no. 5
Type: Research Article
ISSN: 1756-8692

Keywords

Content available
Book part
Publication date: 11 December 2023

Abstract

Details

Marxist Thought in South Asia
Type: Book
ISBN: 978-1-83797-183-1

Content available
851

Abstract

Details

Critical perspectives on international business, vol. 4 no. 4
Type: Research Article
ISSN: 1742-2043

Keywords

1 – 10 of 161