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The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the International Monetary Fund's activities. This chapter surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterised by a preliminary stage and two main phases. The preliminary stage dates back to the 1980s and early 1990s, and was mainly related to the Fund's research and technical assistance activities within the process of monetary and financial deregulation embraced by several member countries. The first ‘official’ phase of the Fund's involvement in FSS started in the aftermath of the Mexican crisis, and relates to the international call to include financial sector issues among the core areas of Fund surveillance. The second phase focuses on the objectives of bringing the coverage of financial sector issues ‘up-to-par’ with the coverage of other traditional core areas of surveillance, and of integrating financial analysis into the Fund's analytical macroeconomic framework. By urging the Fund to give greater attention to its member countries' financial systems, the international community's response to the global crisis may mark the beginning of a new phase of FSS. The Fund's financial sector surveillance, particularly on advanced economies, is of paramount importance for emerging market and developing countries, as they are vulnerable to spillover effects from crises originated in advanced economies. Emerging market and developing economies, which constitute the majority of the Fund's 187 members, are currently the recipients of over 50 programmes of financial support from the Fund (including those of a precautionary nature), totalling over $250 billion.

The purpose of this paper is to propose and discuss a new regional foresight methodology.

The first part describes the methodology and the organizational process adopted for implementing foresight at the regional level and highlights the criticalities. The research methodology is based on a case study. The case is the analysis of the industrial and regional sectors and the technological families in the Lombardy region.

This methodology analyses trends, technologies and industries, returning a set of qualitative and quantitative indicators. Then, it aggregates them, building two matrixes (trends/technologies and technologies/industries). Finally, it evaluates the future importance of a technology (the attractiveness of a technology for the long-term competitiveness of the regional main industrial sectors) and the capabilities of the regional industrial, technical and scientific system to develop specific technologies (feasibility for the regional system to develop the chosen technology).

The originality lies in an integrated analysis of the possible futures and their relation with the industrial world. Its value is as a tool to suggest policies and R&D investments. It is possible to provide a sound basis for science and technology policymaking.

This paper provides evidence that the banking sector reforms of 2004 and 2009 enhanced prudential performance of the banking industry and financial system stability in Nigeria.

This study uses regression analysis with regime shift to confirm results from tests of two means and variances model to examine the effectiveness of banking sector reforms in Nigeria.

Evidence from the regression model agrees with findings from the test of means model (not controlling for trend effects) that capital to assets ratio rose while non-performing loan ratio declined after the reforms, and that capital to earning assets ratio rose when trend effects were accounted for. Both the regression model and the tests of means model controlling for trend effects show that return on asset, return on equity and return on earning assets ratios declined after the reforms.

This paper evaluated the effectiveness of banking sector reforms in Nigeria using models that avoid weaknesses that besieged many previous studies. It however used data covering 1983–2020 period, due to data availability. A larger scope of data may improve the results, and future research may re-examine this theme as more data become available. Furthermore, banking stability issues could be examined using specialised techniques such as the generalised autoregressive conditional heteroscedasticity model and related family.

These results suggest that the reforms led to improvement in the sector’s resilience (risks-absorbing capacity) and asset quality, and that profitability had not been the primary focus of the reforms.

The authors recommend that regulatory and supervisory authorities in Nigeria continue to implement and improve on banking sector reforms for a more resilient and functional banking system. As a contribution to social research, this study shows that studies on policy evaluation should be located within appropriate theoretical framework: the theory of change. It shows that an appropriate use of attribution analysis and contribution analysis within this theoretical framework engenders robust analysis and results. Otherwise, the analytical findings would be erroneous and policy advice misguided.

The statistical significance of our findings establishes that the banking sector reforms in Nigeria have been effective in promoting financial system stability in Nigeria. By deploying both the test of means with and without trend effects (an attribution analysis) and the multivariate regression analysis with regulatory shift (a contribution analysis), and relying more on the later for its superiority, this study contributes to the body of knowledge in that, it not only determined the true effects of banking sector reforms in Nigeria for appropriate policy guidance but also demonstrated that, in research, an inappropriate methodology produces results that may diverge from the more accurate ones that were derived from the correct methodology.

The purpose of this paper is to measure and compare the technical efficiency of construction companies in seven European countries: Austria, Germany, Hungary, Italy, Poland, Portugal and Spain, during the 2008–2015 period. The analysis involves nine sectors grouped into three divisions: construction of buildings (F41), civil engineering (F42) and specialized construction activities (F43), by NACE classification.

Multidirectional efficiency analysis was adopted to investigate the levels of efficiencies, the differences in those levels and the possible causes of such differences by further defining two new indices.

It showed that F43 is the most efficient division during the study period, followed by F42 and F41. The sectors/countries with less efficiency are: construction of roads and railways/Poland, construction of other civil engineering projects/Hungary, demolition and site preparation/Poland, other specialized construction activities/Portugal. Globally, the development of building projects sector uses resources in the most inefficient way and there was a drop in the efficiency in 2011 and 2013, showing a delay in the crisis impact. After 2010, civil engineering projects required a substantial effort to access resources. Other features regarding (in)efficiency were further identified.

The analysis was conducted with one of the most effective techniques in frontier analysis. The first introduced index allows for comparing efficient/inefficient subgroups, and the other index measures the resource acquisition effort, allowing a better comparison along years. The study provides a good understanding of the performance of the construction industry and indirectly exposes the strategies to overcome the crisis, through the identification of the inputs/outputs which are well/badly used.

The Indian power sector is dominated by coal. Environmental awareness and advances in techno-economic front have led to a slow but steady shift towards greener alternatives. The distributions of both fossil fuel resources and renewable energy potential are not uniform across the states. Paper attempts to answer how the states are performing in the sector and how the renewable energy and conventional resources are affecting the dynamics.

The authors employ a two-stage data envelopment analysis (DEA) to rank the performance of Indian states in the power sector. Multi-stage analysis opens up the DEA black-box through disaggregating power sector in two logical sub-sectors. The performance is evaluated from the point-of-view of policy formulating and implementing agencies. Further, an econometric analysis using seemingly unrelated regression equations (SURE) is conducted to estimate the determinants of total and industrial per-capita electricity consumption.

Efficiency scores obtained from the first phase of analysis happens to be a significant explanatory variable for power consumption. The growth in electricity consumption, which is necessary for economic wellbeing, is positively affected by both renewable and non-renewable sources; but conventional sources have a larger impact on per-capita consumption. Yet, the share of renewables in the energy mix has positive elasticity. Hence, the findings are encouraging, because development in storage technologies, falling costs and policy interventions are poised to give further impetus to renewable sources.

The study is one of the very few where entire spectrum of the Indian power sector is evaluated from efficiency perspective. Further, the second phase analysis gives additional relevant insights on the sector.

Embodied energy is the total amount of energy required to produce a product, and is significant because it occurs immediately and can be equal over the life cycle of a building to the transient requirements for operational energy. Methods for embodied energy analysis include process analysis, input‐output analysis and hybrid analysis. Proposes to improve the reliability of estimating embodied energy based on input‐output models by using an algorithm to extract systematically the most important energy paths for the “other construction” sector from an Australian input‐output model. Demonstrates the application of these energy paths to the embodied energy analysis of an individual commercial building, highlighting improvements in reliability due to the modification of energy paths with process analysis data. Compares materials and elements for the building, and estimates likely ranges of error.

Many literature reviews on project management (PM) research are limited to studies published only in PM journals but some reviews do expand their analysis on PM research published also in journals belonging to the management studies field. However, the authors found no previous literature reviews comparing the PM content in different sectors outside the management studies field. Therefore, the analysis and findings of PM content derived from the sector-specific engineering and technology-focused journals are new. The paper aims to discuss this issue.

The authors analyze PM content in nine different sectors, where each sector and its inherent research is connected to specific engineering, technological, or industry-related disciplines. The authors conduct an evidence-informed literature review on PM knowledge in the distinct literatures of these nine sectors. The period of analysis is 24 years from 1986-2009. The authors discuss potential consequences of the findings’ sector-specificity for future PM domain development.

The perspective on different origins of PM leads to a meta-level PM concept covering several different PM domains, each with its own sector specific and separated development path.

The literature analysis purposefully excluded PM journals and management studies, and the authors focused only on sector-specific engineering and technology-focused journals that represent knowledge and wisdom of different PM contents in nine sectors.

The findings have significant potential to contribute to scholarly discussion on the development of a universal PM theory. For applicability across sectors, the authors suggest a modular PM theory with different sector-specific modules for knowledge, concepts, and underlying assumptions.

Currently, this discussion has been mainly focused on theorizing concepts and approaches in management studies only. This study expands the understanding to engineering and technology-focused journals across nine industry sectors/domains.

The purpose of this study is to analyze the natural gas sector in Italy, with a specific focus on the regulatory framework, the development of infrastructures and the supply and demand balance.

The research has been developed by applying qualitative and quantitative methodologies. In particular, a review and a qualitative analysis have been proposed to analyze the regulatory framework and the development of infrastructure, whereas the consumption trend is quantitatively examined by means of the decomposition analysis.

This study highlights how the legislation is complete and in line with European Union (EU) prescriptions, and how the infrastructure is quite well-developed, even though many expected developments are on hold due to the current market conditions. The supply and demand balance highlights a decreasing trend of the consumption owing to the aggressive development of renewables and permanence of a weak economic growth. Finally, the decomposition analysis of total and sectorial natural gas demand has emphasized that the increase of energy intensity can be considered responsible for a large share of consumption between 1995 and 2014.

The paper details the status of the natural gas sector in Italy, which is one of the largest consumers of natural gas within the EU. Despite its importance, the Italian natural gas sector has not been subjected to extensive research, and this paper represents a first attempt to provide an overview of the sector.

The purpose of this paper is to evaluate and improve the current methodology of securing and collecting data sources for use in the Impact Analysis for Planning (IMPLAN) model to more accurately use, and be able to support, inputs and outputs from economic impact models, specifically those generated by IMPLAN.

Primary expenditure data were derived from an extensive mail survey conducted during the 2005-2006 Mississippi waterfowl-hunting season. Survey results were analyzed using the IMPLAN software model default data and comparing it with new, more localized state data that were collected in 2010. Industry sectors were sorted and ranked after analysis based on sector importance to the economy and IMPLAN default data were replaced by localized data.

Economic contributions generated from the survey-based default model were $158 million (2010 USD) supporting 1,981 full- and part-time jobs. Economic contributions using survey-based data replacement model were $153 million (2010 USD) supporting 1,517 full- and part-time jobs. Separate model runs of the survey-based data replacement model yielded vastly different results, making the case for changing as many sectors with larger impacts as possible.

The makeup and components of sectors used and described by the IMPLAN model were at times not clearly labeled which at times hindered the process of comparing and replacing data. It was evident that IMPLAN sectors were too highly aggregated.

This project will contribute to efforts within Mississippi aimed at protecting and promoting its natural resources for conservation and use for both the private and public sector.

ISO 9000 and ISO 14000 standards certification is a phenomenon involving over the years a larger and larger number of companies and organizations. Looking at the empirical data, it is observed that the phenomenon is close to saturation in many countries. In Italy, on the other hand, there is an important increase in the number of certifications. The purpose of this paper is to pick out the different components and aspects which make Italian dynamics so particular.

In order to do that the single commodity sector was analyzed, studying certifications diffusion in terms of certified sites. With the aim of specializing the analysis within commodity sectors, this information has been compared with the Gross Domestic Product (GDP) percentage expressed by each sector.

The analysis shows that ISO certifications diffusion followed different dynamics depending on the commodity sectors. These reacted in different ways to the discontinuity of 2003, the year in which ISO 9000 standards changed from the 1994 to the 2000 version.

Future research efforts will be directed at an in‐depth analysis of the differences between ISO 9000 and ISO 14000 certified and analogous non‐certified firms. This analysis will be performed using performance indices such as the number of employees, the profitability, the volume of business, etc.

The paper analyzes the dynamic of ISO 9000 and ISO 14000 certification diffusion in Italy in different commodity sectors. The term of comparison is given by the contribution given by each sector to the GDP.