Laszlo Vasa
16317891500
Publications - 133
Financial technology and environmental, social and governance in sustainable finance: a bibliometric and thematic content analysis
Publication Name: Discover Sustainability
Publication Date: 2025-12-01
Volume: 6
Issue: 1
Page Range: Unknown
Description:
The integration of Environmental, Social, and Governance (ESG) principles with Financial Technology (Fintech) has emerged as a pivotal mechanism for advancing sustainable finance. This study investigates the interplay between ESG and Fintech through bibliometric and thematic content analysis to uncover key research trends, thematic clusters, and existing knowledge gaps in this dynamic field. The research problem focuses on how FinTech innovations can support ESG-driven initiatives such as corporate social responsibility (CSR), financial inclusion, and sustainable development while addressing challenges like performance metrics and governance issues. By mapping the research landscape, the study identifies significant contributions from scholars, notably in China and the USA, and explores prominent themes, including the role of Fintech in ESG disclosures, corporate governance, and sustainability. Emerging technologies like AI and blockchain are also highlighted for their impact on ESG reporting. The findings reveal exponential academic interest in this domain but underscore critical industrial challenges, such as the absence of standardized ESG metrics and the limited application of Fintech in addressing sustainability issues. The study concludes by offering future research directions aimed at bridging these gaps and emphasizing the transformative potential of Fintech in driving sustainability across the financial sector.
Open Access: Yes
Valuation of ecosystem services from forests in Chinese rural areas based on forest resource investment
Publication Name: Humanities and Social Sciences Communications
Publication Date: 2025-12-01
Volume: 12
Issue: 1
Page Range: Unknown
Description:
Forest resources provide rural areas with abundant products and ecosystem services. However, due to difficulties and shortcomings in assessing the ecosystem service value of these resources in rural areas, investors or funding institutions often lack a comprehensive understanding of their true value. Consequently, challenges such as difficulties in securing rural forestry guarantees, limited loan amounts, and inadequate compensation standards have emerged, resulting in severely restricted investments in rural forest resources. This study aims to address these issues by establishing a comprehensive valuation system for the ecosystem services provided by rural forest resources, thereby enabling a more accurate assessment of their value. This study focuses on Muyun She Nationality Township in Fuan City, China, and valuates the ecosystem service value of the forest resources in this locality. The findings reveal that the annual economic value of ecosystem services provided by forest resources in Muyun She Nationality Township amounts to 397,899,293.49 yuan. Direct value constitutes over 63% of the total, with forest by-products contributing the largest share at 32%, followed by forest-related rural tourism at 31%. This underscores the significant contribution of agricultural products and tourism from rural forest resources to the local economy. Moreover, the study highlights the crucial role of rural forest resources in providing agricultural by-products, promoting rural tourism, enhancing rural economic development, and facilitating rural revitalization efforts. In light of these findings, this paper advocates for private-sector investment, expanding financing channels, and developing tourism projects to diversify investment channels for rural forest resources and increase investment amounts.
Open Access: Yes
Innovative configurations for organizational resilience: Bridging the proactive and reactive capability in volatile environments
Publication Name: Sustainable Futures
Publication Date: 2025-12-01
Volume: 10
Issue: Unknown
Page Range: Unknown
Description:
A growing concern among academics and professionals has placed organizational resilience (OR) at the leading edge of their studies' catalysts because of its peripheral vulnerability to turbulent environments in organizational settings. This research demonstrates the value of competitive advantage and the practices of resilient firms, thereby strengthening organizational resilience in a disruptive environment. Organizational resilience has been established as a process for gaining a competitive edge and enhancing firms' performance in a volatile environment where disruptions, such as epidemics, political turmoil, and economic instability, threaten the sustainability of their operations. Adopting the Dynamic Capability View (DCV), this study investigates proactive (PRO) and reactive (REA) capability configurations in relation to organizational resilience through partial least squares structural equation modeling (PLS-SEM) and fuzzy set qualitative comparative analysis (fsQCA). The study develops the measurement items for organizational resilience to test the proposed hypotheses using PLS-SEM and fsQCA. PLS-SEM finds that flexibility, collaboration, response, and recovery are positive drivers for organizational resilience, whereas fsQCA reveals that flexibility, response, and recovery are sufficient for the same outcome. The combined results indicate that flexibility, responsiveness, and recovery are key conditions for predicting high organizational resilience in a disruptive environment. The combined findings confirm that the measurement items of proactive and reactive performance significantly better align with organizational resilience and meet the "capability" and "resources" suitable criteria of DCV. The combined findings of this research make both theoretical and practical contributions to the foundation of pre-disruptive and post-disruptive resilience.
Open Access: Yes
Unveiling the mechanisms and implications: how artificial intelligence drives green growth in China’s Huaihe River Ecological Economic Belt under the carbon neutrality agenda
Publication Name: Carbon Footprints
Publication Date: 2025-09-01
Volume: 4
Issue: 3
Page Range: Unknown
Description:
Amidst the backdrop of global climate warming and China’s proactive chase of its carbon peak and carbon neutrality goals, the Huaihe River Basin (HRB), a region of significant strategic importance in the heartland and eastern expanse of the nation is confronted with formidable challenges, including high energy consumption and severe environmental pollution. Despite its substantial contributions to economic development, the traditional development model of the HRB conflicts with the principles of green development, necessitating the urgent exploration of innovative pathways to sustainable progress. Through a comprehensive review of scholarly literature and rigorous theoretical analysis, this study demonstrates that artificial intelligence (AI) can significantly drive green development by enhancing eco-innovation and optimizing industrial structures. Using a panel dataset from 27 cities in the Huaihe River Ecological Economic Belt (HEB) from 2010 to 2022, this study employs a bidirectional fixed-effects model to analyze the repercussions of AI on green development. The baseline regression results show that for every one-unit increase in AI development level (AIDL), HEB’s urban green development level significantly increases by 0.087. This positive influence is further confirmed through robustness tests. We found that AI can indirectly influence the mechanism and pathway of green development through intermediate variables. AI drives green development indirectly through two pathways: green technology innovation and the rationalization of the industrial structure, with a total explanatory power of 56.7% (R2 = 0.812). Based on these findings, we propose vigorously promoting the green effects of AI, refining industrial structures, and leveraging mediating effects to foster sustainable regional development. These insights offer novel perspectives for the green development of the HRB but also provide valuable references for the green transformation of other areas with similar challenges.
Open Access: Yes
DOI: 10.20517/cf.2025.9
Unlocking energy efficiency: Exploring the dynamic evolution and regional correlations in the Huaihe Eco-economic Belt
Publication Name: Gondwana Research
Publication Date: 2025-09-01
Volume: 145
Issue: Unknown
Page Range: 57-70
Description:
Energy is the cornerstone of today's social development, and it is of great significance to comprehensively and objectively reflect the level of energy efficiency (EE) and regional differences. Taking the Huaihe Eco-economic Belt (HEB) as an example, the EE of 28 cities in the HEB from 2008 to 2021 was measured and analyzed by using the super-efficiency SBM model with non-expected outputs; Using Dagum Gini coefficient to explore regional differences in EE levels and their sources; It also explores the dynamic evolutionary pattern and spatial correlation of EE levels using kernel density estimation, Markov transfer probability matrix, and Moran index. The results are as follows: (1) The value of EE in the HEB shows a trend of change that first declines and then rises, with relatively small changes; (2) Regional differences in EE show a fluctuating and increasing trend, with hypervariable density being the most important source of overall regional differences, which are much greater within regions than between regions; (3) The development of EE has been polarized, and the hierarchy of EE levels is relatively stable, with the phenomenon of “club convergence”; (4) There is spatial agglomeration in the level of EE development, with cities in the midwest parts of the country mostly falling in the high-value agglomeration area of the first quadrant, and cities in the northern part of the country mostly falling in the low-value agglomeration area of the third quadrant, with a few cities experiencing spatial and temporal jumps. This paper will be valuable to the government in identifying energy-inefficient cities, formulating targeted policy measures, and promoting the synergistic sustainable development of HEB.
Open Access: Yes
From Agricultural and Forest Land Development to Urban Landscapes: Green Energy's Influence on Global Pollutant Emissions
Publication Name: Land Degradation and Development
Publication Date: 2025-08-15
Volume: 36
Issue: 13
Page Range: 4672-4690
Description:
There is a sharp inclination to use green energy sources such as solar, hydro, and nuclear energy to accomplish the COP29 targets and sustainability goals. The current study attempts to explore the role of green solar, hydro, and agriculture land use apropos global pollutant emissions. In doing so, the study examines the impacts of agricultural land use, forest area, and urbanization on global emissions. The study uses the global historical data from 1990Q1 to 2021Q4. The authors employ the diagnostic tests, autoregressive distributed lag models, and causality analysis for empirical analysis. The autoregressive distributed lag model's results mentioned that agricultural land and forestry also help improve environmental sustainability and urban landscape in the short and long run. In addition, the results find linear and nonlinear impacts of green solar and nuclear energy to mitigate the global carbon emission levels. The structural change policies of industrialization and urbanization remain the critical obstacles to attaining environmental sustainability. The on-hand research contributes to the ongoing challenges faced by global economies regarding green energy sources, agriculture land management and their criticality in attaining a sustainable environment by reducing carbon emissions. The research recommends further investments in green solar, agriculture land management, and incentivizing clean energy sources to achieve sustainable global development.
Open Access: Yes
DOI: 10.1002/ldr.5661
Financial Geographic Accessibility and Corporate Innovation: An Analysis of Spatial Synergy Based on Land Use and Environmental Sustainability
Publication Name: Land Degradation and Development
Publication Date: 2025-08-15
Volume: 36
Issue: 13
Page Range: 4562-4587
Description:
In the face of land degradation and environmental constraints, it is imperative to have an adaptive financial geography structure and a land resource utilization system that supports corporate innovation. This study constructs a refined financial geographic accessibility measurement index. By integrating multi-source spatio-temporal big data, the study breaks through the static limitation of traditional statistical data. It accurately analyzes the spatial synergistic effect between the spatial distribution of financial institutions and land use planning. Land use data, such as spatial development rate and spatial interest points, provide high-precision spatial evidence for revealing the mechanism of financial geographic accessibility affecting corporate innovation. Further, from the environmental sustainability perspective, this paper studies the moderating effect of environmental constraints on corporate innovation. Financial geographic accessibility can improve corporate innovation by reducing financing costs, accelerating knowledge spillover, realizing intermediate input sharing, improving labor matching, and giving play to location advantages. Notably, this facilitation effect performs better in cities with high energy consumption and carbon emissions. Heterogeneity analysis shows that proximity to the city center, low industrial maturity, government subsidies, soes, and large-scale corporations significantly amplify the innovation benefits of financial geographic accessibility. This study combines remote sensing data with spatial big data to provide a new methodological framework for analyzing land use and degradation.
Open Access: Yes
DOI: 10.1002/ldr.5653
The impact of domestic material consumption and energy mix on socioeconomic indicators—A global analysis from 1990 to 2022
Publication Name: Resources Policy
Publication Date: 2025-08-01
Volume: 107
Issue: Unknown
Page Range: Unknown
Description:
Relevance: Understanding the relationship between economic growth, resource consumption, and social development is crucial for sustainable policy-making. While economic expansion is often linked to improved well-being, its effects depend on material consumption patterns and energy dependency. Goals: This study aims to examine how domestic material consumption (DMC) and energy structure influence human development, particularly across different economic contexts. Methods: Using a panel data approach, the research applies econometric models to analyze the impact of DMC and energy dependency on social indicators. Results: Findings indicate that excessive DMC can hinder sustainable progress, while a higher share of renewable energy contributes to long-term social development and economic stability. Conclusion: The study highlights the need for resource-efficient policies and energy diversification, contributing to the literature on sustainable growth and development strategies.
Open Access: Yes
Evaluation Criteria and Their Impact on the Success of Humanitarian Projects
Publication Name: Journal of Human Earth and Future
Publication Date: 2025-06-01
Volume: 6
Issue: 2
Page Range: 276-292
Description:
Objectives: This study examines the impact of evaluation criteria—relevance, coherence, and effectiveness—on the success of humanitarian projects in the Gaza Strip, with efficiency as a mediating factor. It aims to provide a comprehensive understanding of how these criteria interact to enhance project outcomes in complex humanitarian settings. Methods/Analysis: The research employs Structural Equation Modelling (SEM) to analyze data collected from 350 respondents involved in humanitarian projects. The analysis assesses the direct and mediated effects of relevance, coherence, and effectiveness on project success, offering empirical insights into the role of efficiency in optimizing resource utilization. Findings: The results indicate that relevance, coherence, and effectiveness significantly influence project success, while efficiency strengthens these relationships by ensuring better resource allocation and implementation. The study highlights the importance of community engagement, alignment with local needs, and cultural sensitivity in achieving sustainable project outcomes. Novelty/Improvement: This research presents an integrated evaluation framework that enhances understanding of the interplay between key project assessment criteria and efficiency in humanitarian work. The findings provide actionable insights for organizations operating in complex environments like Gaza, helping refine project planning and execution strategies to improve sustainability and impact.
Open Access: Yes
Quasi-Viral Technologies as the Drivers of the Economy Digital Transformation Towards sustainability
Publication Name: Hightech and Innovation Journal
Publication Date: 2025-03-01
Volume: 6
Issue: 1
Page Range: 183-200
Description:
The relevance of the article is related to the phenomenon of quasi-viral technologies, which are the drivers of the phase transition to sustainable development. The study is aimed at defining the category “quasi-viral emerging technology”, as well as the disclosure of their content and form, and the analysis of the features in the conditions of digital transformations. The research method is based on the analysis of transformational changes in the components of the trialectic mechanism of the reproduction of socio-economic systems, which occur under the influence of quasi-viral sustainable technologies. The article defines the quasi-viral process of spreading emerging technologies as a transformational process of the informational component replacement within the technological base by methods imitating the course of viral infection. The signs of quasi-viral processes are formulated on several levels: “infection” due to a change in the information algorithm; substantial user preferences; lack of sufficient barriers; significant potential to increase users; and disruptive efficiency. Signs of quasi-viral technologies have the following types of innovations: renewable energy, 3D printing, electric transport, energy storage, IT technologies, digital recording of information, cloud technologies, etc. The authors hypothesize the possibility of using entropy estimates as the only measure of approximating the results of the implementation of quasi-viral technologies to the state of sustainability in society and nature. The expected results of the spread of quasi-viral technologies can be significant dematerialization of industrial metabolism, provision of functions of self-organization and self-improvement of social systems, preservation of biodiversity and ecosystems of the planet, and formation of the foundations of sustainable development.
Open Access: Yes
DOES TYPE OF CAPITAL MATTER FOR ECONOMIC GROWTH? A STUDY OF THE CHINESE ECONOMY
Publication Name: Investment Management and Financial Innovations
Publication Date: 2025-01-01
Volume: 22
Issue: 1
Page Range: 469-480
Description:
The impact of different types of capital flows on China’s economic growth has been widely studied to determine whether the type of capital significantly affects the Chinese economy. The purpose of this study is to investigate the relationship between long-term capital flows and economic growth in China, considering factors such as Foreign Direct Investment (FDI), portfolio equity, portfolio bonds, and external debt. All secondary data were collected from the World Bank database. The paper also investigates which type of capital flow has the most significant relation with the economic growth of China. A quantitative approach was chosen for the study. Moreover, to overcome the bias output of ordinary least squares, this paper deployed a Two-Stage Least Squares (2SLS) estimation method. This study has found a relatively stable positive relationship between FDI and growth, where the coefficient of 0.9699 indicates that a 1% increase in FDI is associated with a 0.97% growth in Gross Domestic Product (GDP). Similar to FDI, portfolio equity has a positive impact on GDP growth, with a coefficient of 2.1419. In contrast, portfolio bond and debts have a negative coefficient of –1.7752 and –0.2831. These findings contribute to a deeper understanding of China’s development experience, particularly regarding the role of capital flow. The paper explores two key limitations that need to be explored in the future, i.e., the causal relation between each type of long-term capital flow and economic growth, and the impact of COVID-19 on the economic growth relationship.
Open Access: Yes
Transition in the mining industry with green energy: Economic dynamics in mining demand
Publication Name: Resources Policy
Publication Date: 2025-01-01
Volume: 100
Issue: Unknown
Page Range: Unknown
Description:
This paper examines transformation of the mining industry in the Global South due to the rising demand for electric vehicles (EVs), which is a part of disruptive green technologies. South Africa & Democratic Republic of the Congo (DRC) are two important suppliers of critical minerals like cobalt, nickel, lithium, copper. This research tries to explore economic dynamics of mineral extraction and green transport. Using quantitative regression analysis, this paper tries to find the relationship between demand for EVs and its economic impact on mining industry's overall sales. The analysis has shown impact of critical minerals & mining sale and how disruptive technology like Evs are affecting mineral-rich countries sustainable mining. This paper is trying to shows some light on economic importance of critical minerals in transition of mining industry due to green vehicles or Evs. The association between the emerging green technology and the mining sector. The study focuses on nations in the Global South that have substantial control over the supply chain of essential minerals used in electric car batteries. The main objective of this study is to conduct an academic investigation of the many implications of green transport on the mining sector in the Global South.
Open Access: Yes
THE IMPACT OF TRANSPORT ROUTES ON KAZAKHSTAN’S AGRO-INDUSTRIAL COMPLEX CONSIDERING ESG APPROACHES
Publication Name: Problems and Perspectives in Management
Publication Date: 2025-01-01
Volume: 23
Issue: 1
Page Range: 656-672
Description:
This study aims to investigate the relationship between environmental sustainability, social development, and governance within Kazakhstan’s agro-industrial complex. The paper applies econometric modeling and statistical analysis to assess these relationships and provide strategic recommendations for sustainable development. A dataset from 2013 to 2023, sourced from the Bureau of National Statistics of the Republic of Kazakhstan, was utilized to assess the influence of transit routes and agriculture on ESG performance. Principal component analysis (PCA) and regression modeling identified three key components – environmental (84.3%), social (98.4%), and governance (88.33%) – as significant contributors to ESG variability. The results demonstrate that transit flows positively affect environmental and governance indicators (β = 0.266, p = 0.050), while agro-industrial activity has mixed effects: improved social sustainability but increased environmental pressure. The combined impact of transit corridors and the agro-industrial complex provides a more comprehensive explanation of ESG variability (R2 = 0.998), reinforcing the need for integrated policy approaches. The findings highlight the strategic importance of aligning transit infrastructure and agro-industrial development with ESG frameworks. This paper contributes to the discourse on sustainable development by offering practical insights for policymakers on optimizing logistics and agricultural strategies to promote ESG adoption, particularly in agriculture-dependent economies.
Open Access: Yes
Quantifying the role of digitalization, financial technology, governance and SDG13 in achieving environment conservation in the perspective of emerging economies
Publication Name: Environment Development and Sustainability
Publication Date: 2025-01-01
Volume: Unknown
Issue: Unknown
Page Range: Unknown
Description:
Digitalization and fintech are essential in improving financial service delivery and helping businesses and consumers manage their financial services better. Since its successful trial during the COVID-19 measures, digitalization and fintech have emerged as a new hope for low-carbon sustainable economic development. Therefore, advanced and emerging economies concentrate on digitalization (DIG) and fintech to meet carbon neutrality requirements. Thus, this study helps understand the significance of elements in gaining environmental conservation and aims to develop a relevant relationship between digitalization, fintech, SDG13, and governance. To achieve the abovementioned objectives of this study, some modern and traditional econometric tools and methods were adopted, such as ARDL and Q-ARDL, to assess the selected emerging economies dataset from 1990 to 2022. The results of this study show that the study’s components are crucial in achieving environmental preservation over the long run in emerging economies. Moreover, Q-ARDL indicates that every factor in this study influences environmental conservation in different quantiles. Consequently, the Environmental Kuznets curve prevails in the economy, and the long-term attainment of carbon neutrality is greatly assisted by digitization, fintech, governance, and SDG13. Hence, it is essential to implement extensive and far-reaching policy measures in various domains such as environmental regulations, promotion of the digital economy, regulation and sustainable technology, and utilization of clean energy resources.
Open Access: Yes
Does supplier development matter for procurement performance in the textile industry? The moderating role of contract management difficulty
Publication Name: Industria Textila
Publication Date: 2025-01-01
Volume: 76
Issue: 2
Page Range: 185-193
Description:
The research aims to examine the impact of supplier development on procurement performance, taking into consideration contract management difficulties as a moderating variable. The research method section of the study employs a cross-sectional research design. In this survey technique, a questionnaire is employed to collect primary data from 220 respondents from the purchasing department via Google Forms through an adopted questionnaire. The initial step in our analysis was to clean and analyse the data using SPSS and SmartPLS 3 software, then incorporate structural equation modelling (SEM) to conduct our analysis. The findings confirmed that supplier development affects procurement performance. In addition to this, the contract management difficulties suggested a negative and significant impact on procurement performance. Furthermore, the relationship between supplier development and procurement performance is moderated by contract management difficulty. These unique findings highlight the importance of supplier development and effective contract management in improving procurement performance in the textile industry. The work’s implementation of transaction cost theory to analyse how supplier development impacts sourcing capability is reco nized as the rimar theoretical contribution
Open Access: Yes
Eco-friendly strategic goals and the performance of innovative green processes: The impact of green intellectual capital
Publication Name: International Journal of Innovative Research and Scientific Studies
Publication Date: 2025-01-01
Volume: 8
Issue: 1
Page Range: 191-201
Description:
The purpose of this study is to check the intellectual capital's role in shaping green process innovation. This article contends the company's capacity to create, possess, incorporate, and implement environmentally friendly intellectual assets in its activities will result in a higher degree of performance in terms of innovative green processes. This performance serves as an indicator of the company's enduring dedication to an environmentally conscious strategy. The industries chosen for this study comprised textile, chemical, pharmaceutical, and steel based in Mexico. The random sampling technique was used to gather data. Upon analyzing the gathered data, we used only 253 questionnaires for analysis, representing a response rate of 42.7%. Findings indicate green strategic intent significantly influences three components of intellectual capital: human, relational, and organizational capital. Three components of intellectual capital significantly influence green process innovation. A green strategy can be successfully implemented by the implementation of intangible resources. Mere tangible resources are insufficient to gain superior green innovation performance; the interaction of these two resources (tangible and intangible) is complementary. Companies are adopting environmental strategies to mitigate the environment's harmful impact and meet stakeholders' demands. The study’s practical implications aim to improve companies’ environmental performance, specifically their green performance, through the implementation of green innovation.
Open Access: Yes
SUSTAINABLE ECONOMIC GOALS BASED ON DETERMINANTS OF RESOURCE PRODUCTIVITY IN THE NETHERLANDS AND HUNGARY
Publication Name: Environmental Economics
Publication Date: 2025-01-01
Volume: 16
Issue: 1
Page Range: 114-128
Description:
Resource productivity has become an important indicator of sustainable economic growth in a situation when natural resources are becoming scarce and environmental stress is growing. This paper examines the drivers of resource productivity in the case of the Netherlands and Hungary, two countries featuring diversified economies and contexts. This paper evaluates the contribution of waste management, renewable energy sources, human capital, investment, and innovation to sustainability by adopting a combined methods approach. Data from Eurostat and ODYSSEE databases, covering the period from 2011 to 2021, were analyzed using time series comparison and structural equation modeling (SEM). The results indicate that factors such as employment rate, gross fixed capital formation (GFCF), waste recycling, and renewable energy significantly influence resource productivity. The results indicated absolute decoupling for the Netherlands, represented by a 40% increase in productivity with an 11% reduction in materials. In comparison, Hungary recorded relative decoupling with GDP and material consumption increasing by about 49% and 37%, respectively. These findings underpin the importance of tailored policies for the enhancement of resource efficiency and sustainable development.
Open Access: Yes
The Impact of “Neoliberal Culture” on Economic Development in the SEE Countries
Publication Name: Montenegrin Journal of Economics
Publication Date: 2025-01-01
Volume: 21
Issue: 1
Page Range: 221-232
Description:
The subject of the paper is to point out the influence of the so-called "neoliberal culture" on economic development in the SEE countries and to explain the relationship between "neoliberal culture" and alternative institutions. In order to understand the topics covered by the research, the nature of the relationship between culture and institutions, as well as the relationship between culture and economic development, are additionally explained. The goal of the research is to ascertain the negative impact of the so-called "neoliberal culture" in SEE countries. It is based on the hypothesis that, with its hybrid and pseudo characteristics, it favored the formation and strengthening of alternative institutions, that is, a long-term socio-economic crisis. In addition to the usual methods of social and economic sciences, the descriptive method and the creation of logical images and schemes were mainly used in the work. In conclusion, the initial hypothesis was verified.
Open Access: Yes
Digital economy and export complexity: unveiling its role in transforming china’s manufacturing industry
Publication Name: Environment Development and Sustainability
Publication Date: 2025-01-01
Volume: Unknown
Issue: Unknown
Page Range: Unknown
Description:
The digital economy has become a key driver in transforming and upgrading China’s manufacturing industry. This study contributes to the existing literature by utilizing spatial econometrics on panel data from 31 provinces, autonomous regions, and municipalities across mainland China to capture the regional spatial effects of the digital economy and regional disparities on the technological complexity of China’s manufacturing exports. These areas are often overlooked in prior studies. Unlike prior research focusing on isolated mechanisms, this study simultaneously evaluates three mediating pathways: innovation, human capital, and industrial restructuring, providing a comprehensive understanding of digitalization’s impact on export complexity. The duration of the study spans from 2011 to 2020. The study’s findings reveal that the digital economy’s growth significantly improves the technological complexity of manufacturing exports. It achieves this through three primary channels: promoting technological innovation, enhancing human capital, and advancing industrial structures. Furthermore, the influence of the digital economy on export technology complexity varies by region, indicating regional heterogeneity. Therefore, to foster a strong industrial ecosystem, each region must refine its digital economy environment, elevate development levels, encourage collaboration, and facilitate information sharing, thereby accelerating the digital transformation of manufacturing.
Open Access: Yes
Is environmental information disclosure driving green energy development? Contextual evidence from Chinese city level data in the lens of sustainability
Publication Name: Renewable Energy
Publication Date: 2024-12-01
Volume: 237
Issue: Unknown
Page Range: Unknown
Description:
As an important supplement to mandatory environmental regulation, third-party participation in environmental regulation has become an important driving force for the comprehensive green transformation of economic and social development. Environmental information disclosure (EID) has become a widely used form of third-party participation ecological regulation, and the study of its impact on green energy development (GED) is receiving more and more academic attention. However, the research on this issue is still insufficient in academia. Based on resource-based theory and information processing theory, with IPE project of pollution information survey in China as an exogenous impact, this paper analyzes the causal impact of EID for GED using panel data of 285 Chinese cities from 2000 to 2020. The findings revealed that EID is a strong driver of GED in the long run, further amplified by the smart city pilot program. Besides, industrial structure transformation (IST), substantive green technological innovation (SGTI), non-substantive green technological innovation (NOSGTI), and green finance development (GFD) are important mediating mechanisms through which EID facilitates the GED. Concerning resource endowments of different regions and cities, the heterogeneity test asserted that the promotion effect of EID for GED is best in resource-based cities and old industrial parks. These results emphasize the importance of public participation in urban sustainable development and provide new ideas for promoting green growth.
Open Access: Yes
Complex pattern of nexus between global mining consortiums and sustainability in the Middle East and North Africa region
Publication Name: Resources Policy
Publication Date: 2024-10-01
Volume: 97
Issue: Unknown
Page Range: Unknown
Description:
This research investigates the intricate interplay between major global mining entities and sustainability initiatives in the Middle East and North Africa (MENA) region, as a key part of Global South countries. The study conducts a comprehensive analysis of the global mining industry at five distinct levels: mining, mining cap-weighted, mining coal exclusion, global gold mining tracker, and global electrification minerals mining. The objective is to comprehend the multi-fractal patterns and implications of their interconnectedness with sustainability and conventional investments. By employing a time-varying parameter vector autoregressive (TVP-VAR) approach to identify the degree of nexus between each pair consisting of a mining index and sustainability or conventional investments, and utilizing the generalized Hurst exponent of a multiscale multi-fractal analysis (MMA) from September 18, 2017, to July 3, 2023, the study reveals that none of the bi-variate interconnectedness adheres to a random walk process, thereby confirming their inefficient behavior. The level of efficiency among pairs varies, demonstrating heterogeneity across the connections. The analysis indicates a relatively lower level of inefficiency in pairs of pairwise connectedness indices (PCIs) related to sustainable investments compared to conventional investments. Generally, conventional investments exhibit more distinct trends or predictability over various time scales, suggesting a less complex and unpredictable pattern compared to sustainable investments. Additionally, the persistence level in PCIs linked to conventional sustainable investments is higher than that of sustainable investments, implying that conventional investments have more predictable associations with mining consortiums. These findings provide valuable insights into the dynamic relationships between global mining entities and sustainability initiatives in the MENA region, with implications for investors, policymakers, and industry stakeholders. The clarity observed in connectivity patterns with conventional investments presents strategic opportunities for investors, potentially influencing regulatory adjustments for sustainable resource governance. The identified inefficiencies create opportunities for refining risk management tools and optimizing investment strategies. Furthermore, the study highlights the stability of connections between conventional sustainable investments and mining consortiums over time, providing guidance for long-term planning and risk mitigation.
Open Access: Yes
The Natural Pattern-based Fuzzy Investment System
Publication Name: Journal of Ecohumanism
Publication Date: 2024-09-20
Volume: 3
Issue: 7
Page Range: 2003-2018
Description:
The underlying research problem concerns simplifying nature’s infinite sustaina-bility pattern into a usable system to prove self-care in the financial field. Many disciplines have discovered self-sustaining systems, implying one should also exist in the portfolio-or asset management field. This paper models and applies a self-sustaining invest-ment system based on nature’s sustainability pattern to present a usable and easi-ly adaptable financial self-care model that can contribute to societal and individ-ual well-being.This interdisciplinary research incorporates fractal patterns from na-ture and integrates these into an innovative investment decision system via a working and utilizable model. The article approaches the problem in three ways. First, it applies an unprecedented, proprietary fuzzy heuristic approach to parse the Mandelbrot set hiding nature’s growth code. Second, it subjects the resulting model system to static, dynamic, and iterative methods. Finally, it tests the above in practice in a focus group research project based on individual decisions in a portfolio collision. The paper brings manageable order to investment deci-sion processes using a specific econophysics approach to provide a complex whole of frames, alternatives, and dynamic wealth management functions. The paper attempts to demonstrate the self-sustaining power of the natural order in investment portfolio returns, behavioral finance, and wealth management deci-sions. The theory of an efficient, well-functioning, self-sustaining investment decision system based on heuristic criteria is developable and has been proven. The study made the organizational dominance measurable and – through fuzzy logic – simplified the complexity of the Mandelbrot set. The research also shows the scalability of the fuzzy symmetry framework, implying that it is transferable to other disciplines.
Open Access: Yes
Role of land use, green energy, and water resources for food accessibility: Evidence from emerging economies in the lens of COP28
Publication Name: Land Degradation and Development
Publication Date: 2024-09-01
Volume: 35
Issue: 15
Page Range: 4607-4622
Description:
In the era of COP28, where most of the developed and developing economies concentrate more on the development of environmentally friendly energy resources to tackle the issue of climate change. Nevertheless, the literature lacks appropriate evidence regarding the influences of green energy and other resources on food security. This study analyses the influences of land use, green energy, and water resources on food accessibility in emerging economies, while also considering the important roles of natural resources, research and development (R&D) expenditure, and economic growth during 1980–2020. Due to non-linear data dispersion, the novel moments quantile regression is employed. Results assert that land use has a positive significant influence on food accessibility in the presence of water resources and a weaker negative impact in the presence of natural resources. Natural and water resources are detrimental to food accessibility in the Emerging Seven (E7) countries. Furthermore, R&D expenditure and green energy positively (negatively), while economic growth negatively (positively) impacted food accessibility in the presence of natural resources (water resources). The results are robust and validate causal inferences that help develop appropriate policies for emerging economies concerning food accessibility or security. In this rapidly evolving era, most empirical studies consider environmental quality. Conversely, this study contributes to the literature by examining the factors influencing food accessibility, as this issue is of considerable importance because of the rapidly growing global population.
Open Access: Yes
DOI: 10.1002/ldr.5244
Would really long-only climate-transition strategies in commodities bring lower market risk for sustainable markets in the long run? The Islamic sustainable market versus the global sustainability leaders
Publication Name: Economic Analysis and Policy
Publication Date: 2024-06-01
Volume: 82
Issue: Unknown
Page Range: 1271-1295
Description:
By allocating investments towards commodities that align with climate-transition goals, environmentally conscious commodity investment strategies serve to promote and support sustainable markets, channeling capital towards sectors that prioritize environmental sustainability. Through the application of a quantile causality test, which examines the relationship between commodity-based strategies with a climate-transition focus and eco-friendly markets, over the period spanning from May 1, 2013, to May 25, 2023, our findings reveal a bi-directional causality relationship between different themes of sustainable markets and long-only climate-transition strategies in the commodity market across various market conditions. Furthermore, employing a quantile time-frequency connectedness approach allows us to discern that long-only climate-transition strategies in the commodity market exhibit lower long-run total connectedness with responsible and conscious markets compared to the short term. Consequently, these results suggest that transition-oriented strategies for commodities in a climate-conscious world not only mitigate market risk for regenerative markets in the long run but also indicate that different types of global sustainability leaders demonstrate a stronger connectedness with climate-transition strategies in commodities when compared to the Islamic sustainable market across a majority of quantiles and time horizons. In light of these findings, policymakers are urged to prioritize the long-term dimensions of climate-transition strategies in commodity markets by implementing new emission standards and environmental benchmarks. Additionally, the design and implementation of similar long-only climate-transition strategies in other markets would further enhance the long-term effectiveness of climate-conscious markets and foster stronger connections with responsible markets. our study underscores the significance of integrating climate-transition strategies into commodity markets and highlights their role in promoting sustainable and environmentally conscious investment practices. By directing investments towards climate-aligned commodities, policymakers and market participants can contribute to the long-term sustainability of global markets while fostering stronger connections between sustainable markets and climate-transition strategies in commodities.
Open Access: Yes
5G Opportunities in the South Pacific: Leveraging Low-Band Spectrum for Socio-Economic Development
Publication Name: Hightech and Innovation Journal
Publication Date: 2024-06-01
Volume: 5
Issue: 2
Page Range: 508-533
Description:
This paper explores the potential for deployment of 5G communication in the South Pacific, with a particular focus on leveraging the low-band spectrum for socio-economic development. The purpose of this study is to assess the feasibility of deploying 5G infrastructure in the South Pacific region, analyze the socio-economic benefits it may bring, and propose strategies to maximize these benefits. The research methodology includes a comprehensive review of existing literature on 5G deployment strategies, the socio-economic impacts of telecommunications infrastructure, and case studies of similar initiatives in other regions. The findings show that the deployment of 5G technology using low-band spectrum has the potential to significantly improve connectivity, healthcare, education, and economic opportunities in the South Pacific. Additionally, the paper proposes innovative approaches to address challenges such as infrastructure development in remote areas and affordability for marginalized communities. This study contributes to existing literature by providing tailored recommendations for leveraging 5G technology to address socio-economic inequalities in the South Pacific, thereby contributing to the development of telecommunications infrastructure in the region. Provides a new perspective on the possibilities of structure.
Open Access: Yes
Linking gold prices, fossil fuel costs and energy consumption to assess progress towards sustainable development goals in newly industrialized countries
Publication Name: Geoscience Frontiers
Publication Date: 2024-05-01
Volume: 15
Issue: 3
Page Range: Unknown
Description:
The continuous rise in global environmental challenges has led to urgency toward establishing a secure framework to achieve sustainable development goals. This study establishes a novel theoretical framework to analyze the role of energy prices, energy consumption, gold prices and economic growth on environmental degradation in newly industrialized economies. To realize sustainable development goals and foster environmental defence, this study utilizes CS-ARDL as the main econometric approach to investigate the asymmetric association between environmental degradation and relevant factors. We also use AMG, CS-DL, Driscoll-Kray and FGLS to enhance the robustness of our findings. Our econometric approach reveals that energy resource prices and renewable energy consumption reduce environmental degradation, while gold prices and fossil energy consumption elevate environmental pollutants. We also confirm the existence of the EKC hypothesis. The findings of our extensive analysis paved the way for a well-designed environmental policy for NIC economies should focus on renewable energy consumption, green investments, and structural changes.
Open Access: Yes
Impacts of nuclear energy, greener energy, and economic progress on the load capacity factor: What we learn from the leading nuclear power economies?
Publication Name: Geoscience Frontiers
Publication Date: 2024-05-01
Volume: 15
Issue: 3
Page Range: Unknown
Description:
The worldwide tremor of environmental degradation commonly represents the escalation of emissions levels and ecological footprints that harm the planet's biocapacity. This is because of using gigantic non-renewable energy resources, urbanization stream and massive economic activities in the major industrialized nations. Amid this situation, we investigate the influence of disaggregated energy measures, e.g., renewable, and nuclear energy, income growth and urbanization on the load capacity factor (biocapacity divided by the ecological footprint) of major nuclear power countries, such as France, the USA, Canada, China, and Russia during 1990–2021. To this end, we utilize the CS-ARDL procedure because of the endogeneity, common correlation, non-stationarity in data and heterogeneity in panel units. We contribute to considering the supply side dynamic of environmental degradation parameter, the load capacity, from the perspective of the top nuclear power nations that deviates our analysis from the prevailing scholarly works. However, our findings confirm a significantly positive impact of renewable and nuclear energy on the load capacity factor in improving environmental safety. Besides, economic growth and urbanization negatively affect the load capacity dynamics in spurring environmental degradation. Our findings are robust across an alternative estimation technique, namely the Dumitrescu and Hurlin (DH) causation analysis. Therefore, we recommend formulating pragmatic policies to deter the detrimental effects of income and urbanization by properly utilizing sustainable energy resources to conserve the natural environment.
Open Access: Yes
Impact of Projects with Future Potential on the Global Competitiveness Index of Countries
Publication Name: Emerging Science Journal
Publication Date: 2024-04-01
Volume: 8
Issue: 2
Page Range: 557-573
Description:
The concept of project success has evolved from the perspective of conforming to the project triangle to that of benefiting the environment, and then from the perspective of the following generation. Scientists increasingly assert that successful projects require a set of criteria that include such item(s) as future potential. The meaning of project success varies depending on where it is executed. The purpose of this study is to identify whether projects with future potential have a certain effect on indicators of the Global Competitiveness Index (GCI) of the Republic of Kazakhstan (RK) and what other success criteria are inherent in such projects. By using the method of descriptive analysis of data collected from 107 experts and analyzing 19 influential projects, the study revealed that projects oriented towards the future have a significant impact on the indicators of the GCI in the RK. This finding confirms the necessity of considering the long-term sustainability and social significance of projects when assessing their successes. Additionally, a specific combination of success criteria that contributes most to this impact was identified. This research provides a brand-new understanding of project success criteria in the context of their impact on the GCI and emphasizes the importance of considering future potential in project planning and evaluation.
Open Access: Yes
Discovering smart cities’ potential in Kazakhstan: A cluster analysis
Publication Name: Plos One
Publication Date: 2024-03-01
Volume: 19
Issue: 3 March
Page Range: Unknown
Description:
The potential for developing smart cities in Kazakhstan is evaluated using cluster analysis. Built on previous research focused on clustering the regions of Kazakhstan, this study applies the same method to the cities of the country. The analysis uses indicators related to human capital, infrastructure, education, information technology, production, and other factors to assess the potential of each city. The clustering is performed using Single Linkage, Complete Linkage, and Ward’s methods. The results show that Almaty and Astana are the cities with the highest potential for becoming smart cities. Aktobe is identified as a city with distinctive features that may help or hinder its development as a smart city. The remaining cities are clustered into two groups, with one group having the potential to catch up and maintain the trend of developing smart cities, while the other group is less suitable for starting smart city projects and may require more investment per capita. The study highlights the deep regional inequality affecting the potential to successfully develop and manage smart cities in Kazakhstan. The analysis also reveals some limitations and challenges in the data and variables used, including the lack of data for some variables and the difficulties in "translating" some factors and indicators into quantitative variables for clustering. The study concludes that future research should address these challenges and consider clustering inside certain regions to focus on their unique features. The study recommends launching pilot projects in small cities, with the most successful practices then scaled and implemented in the core smart cities and possibly Aktobe, if it manages to use its advantages to compensate for risks. Overall, this study provides insights into the potential of smart city development in Kazakhstan and can inform policymakers in their efforts to support smart city projects in the country.
Open Access: Yes
Effects of agro-climatic indices on wheat yield in arid, semi-arid, and sub-humid regions of Iran
Publication Name: Regional Environmental Change
Publication Date: 2024-03-01
Volume: 24
Issue: 1
Page Range: Unknown
Description:
This study aimed to analyze the impact of variations of drought-related agro-climatic indices including cumulative precipitation, cumulative potential evapotranspiration, cumulative actual evapotranspiration, cumulative crop evapotranspiration, cumulative water stress, and cumulative water deficit during nine consecutive phenological stages (emergence to physiological maturity) on wheat yield in arid, semi-arid, and sub-humid regions of Iran during 1999–2018. Principal component analysis was used to recognize the main components that largely explained the variations of agro-climatic indices during different stages of the crop growing period. Then, the relationships between the major components, retrieved from principal component analysis, and the crop yield were assessed. Wheat irrigation requirements were also calculated to investigate the regional water supply–demand patterns during the crop growing period. The findings highlighted increasing impacts of cumulative precipitation, cumulative potential evapotranspiration, cumulative crop evapotranspiration, and cumulative actual evapotranspiration and decreasing impacts of cumulative water stress and deficit on wheat yield, particularly in arid and semi-arid regions. The crop yield was more affected by variations of the agro-climatic indices during the reproductive phase than the vegetative phase. Accordingly, booting to flowering in the arid region, flowering in the sub-humid region, and stem elongation to booting in the semi-arid region were the most sensitive periods of wheat to agro-climatic indices variations. Wheat irrigation requirements in arid and semi-arid regions started earlier than in the sub-humid region. From the findings, it was concluded that adjusting the irrigation schedule based on wheat irrigation requirements during the wheat growing period could help farmers to achieve a favorable wheat yield.
Open Access: Yes
Synergistic dynamics unveiled: Interplay between rare earth prices, clean energy innovations, and tech companies' market resilience amidst the Covid-19 pandemic and Russia-Ukraine conflict
Publication Name: Resources Policy
Publication Date: 2024-02-01
Volume: 89
Issue: Unknown
Page Range: Unknown
Description:
Rare earth elements play a crucial role in supporting low-carbon energy generation technologies, such as electric motors in electric vehicles and the production of wind turbines. Additionally, these elements are utilized in a wide range of products manufactured by tech companies, including smartphones, aerospace components, and microelectronics. This paper aims to investigate the interplay between rare earth element prices (REMX), clean energy innovations (NEX), and the market of tech companies (PSE) from February 2018 to February 2023. To analyze the interdependencies between these markets, the study employs the cross-quantilogram (CQ) and wavelet local multiple correlation (WLMC) techniques. The findings of the investigation reveal a positive correlation between rare earth elements and the clean energy market, but only when both markets are in their respective extreme quantiles (10th and 90th). However, when the clean energy market is in a lower quantile and REMX is in a higher one for an extended period, there is either no significant interdependence or a negative relationship. Furthermore, the study identifies a positive co-movement between PSE and REMX in the short, intermediate, and extremely long-term. However, this relationship turns negative in the long run. The values of the coefficients fluctuate over time, particularly at larger scale periods of 8–16 when using the WLMC procedure. These findings have notable implications for stakeholders, including investors, managers, and policymakers, who are linked to the field of mineral resources and industries reliant on rare earth element-based technologies.
Open Access: Yes
Sustainable Consumption from a Domestic Food Purchasing Perspective Among Hungarian Generation Z
Publication Name: Decision Making Applications in Management and Engineering
Publication Date: 2024-01-23
Volume: 7
Issue: 2
Page Range: 401-417
Description:
The relevance of the study is the global consumer trend towards sustainability. Sustainable consumption has positive environmental, social, and economic impacts, which makes it a key issue in the context of food consumption. Preference for regional, and domestic products can significantly support sustainable consumption. The study focused on the demographically and economically important Generation Z from the perspective of sustainable consumption. The main research objective of the study is to analyze the Hungarian food purchasing habits of Generation Z and to segment Generation Z according to the Hungarian food consumption criteria to characterize potential target groups. During the research, qualitative and quantitative data collection was carried out. The study focuses on the presentation of the results of the latter. In the quantitative survey, we conducted a pre-tested standardized questionnaire online survey. Subject recruitment was carried out using a snowball sampling method, resulting in 518 evaluable questionnaires. In a quantitative study, distinct segments of Hungarian food consumers were characterized according to their food consumption preferences. The research also demonstrated that the groups of Generation Z according to Hungarian food consumption preferences differ significantly from each other in terms of their perception of Hungarian food. The research concludes that Generation Z is a group of domestic food consumers with specific characteristics, who could be the main base for sustainable consumption. For those who have not yet developed this motivation, the main reasons are an unsophisticated preference system and a lack of education. Systematic marketing activities aimed at the first component of attitudes are therefore most needed to attract these segments.
Open Access: Yes
Machine Learning and Artificial Intelligence Method for FinTech Credit Scoring and Risk Management: A Systematic Literature Review
Publication Name: International Journal of Business Analytics
Publication Date: 2024-01-01
Volume: 11
Issue: 1
Page Range: Unknown
Description:
The ever-changing landscape of financial technology has undergone significant changes owing to advancements in machine learning, artificial intelligence, blockchains, and digitalization. These changes have had a profound impact on the provision of financial services, specifically, credit scoring and lending. This study examines the intersection of financial technology, artificial intelligence, machine learning, blockchain, and digitalization in the context of credit services with a focus on credit scoring and lending. This study addressed three main research questions: The research followed a comprehensive methodology, considering factors such as population, intervention, comparison, outcomes, and setting to ensure that collected data aligns with research objectives. The research questions were structured using the PICOS framework, and the PRISMA model was used for the systematic review and study selection. The publications analysed covered a wide range of datasets and methodologies.
Open Access: Yes
DOI: 10.4018/IJBAN.347504
RELATIONSHIP BETWEEN DYNAMIC CAPABILITY VIEW AND ORGANIZATIONAL RESILIENCE: FINDINGS FROM A SYMMETRIC APPROACH
Publication Name: Problems and Perspectives in Management
Publication Date: 2024-01-01
Volume: 22
Issue: 4
Page Range: 671-682
Description:
The COVID-19 outbreak has underscored the importance of strengthening an organization’s resilience and adaptive capability. In emerging and uncertain conditions, firms must adopt new capabilities to develop and survive unstable and unforeseen crises. The purpose of this study is to examine the difference between organizational resilience and the antecedents that are validated using a quantitative survey. The respondents consist of 157 top employees from 21 private service firms at the managerial level in Bangladesh. The proposed relationship is measured using the partial least squares structural equation modeling (PLS-SEM), a symmetric approach, using SmartPLS 4 software. The findings help to produce the path coefficient with organizational resilience that can lead to sustainable environments in highly turbulent conditions. The PLS-SEM analysis indicates that the antecedents of flexibility, agility, and redundancy have a strong and meaningful association with organizational resilience in response to disruptions. Therefore, this paper shows evidence that the measurement scales more effectively account for uncertainty in achieving resilience, supporting the role of the dynamic capability view.
Open Access: Yes
Greening the future: assessing the influence of technological innovation, energy transition and financial globalization on ecological footprint in selected emerging countries
Publication Name: Environment Development and Sustainability
Publication Date: 2024-01-01
Volume: Unknown
Issue: Unknown
Page Range: Unknown
Description:
Environmental dangers have escalated due to human ecological pressure during the past few decades. This pressure can be measured by the environmental footprint (EFT) that humanity has left behind. At this point, the most effective methods for achieving sustainable development without causing damage to the environment include green technological innovation (TCH), climatic technology (CLT), energy transition (ENT), financial globalization (FGL), and economic growth. In light of this, the primary purpose of this research is to examine the impact of economic development, TCH, CLT, ENT, and FGL, as well as economic growth on the EFT in a selection of rising countries between the years 1990 and 2021. We use a unique DOLS and FMOLS model to analyze the relationships between the variables. In addition, the MMQR model is utilized in our research to validate the results produced using the DOLS and FMOLS methodologies. Through a reduction in the EFP, the findings indicate that TCH, CLT, and ENT all contribute significantly to an improvement in the quality of the environment. On the contrary, FGL, economic expansion, and urbanization all have a significant positive impact on EFT and contribute to climate degradation. Last but not least, the MMQR model's outcomes also demonstrated that TCH, CLT, ENT, FGL, urbanization, and economic expansion cause EFT. Based on the findings, it is recommended that governments and policymakers encourage investments in green innovation and renewable energy industries to attain ecological sustainability.
Open Access: Yes
The relationship between bank lending and economic factors in the regions of Kazakhstan
Publication Name: Banks and Bank Systems
Publication Date: 2024-01-01
Volume: 19
Issue: 4
Page Range: 1-16
Description:
Understanding the impact of economic factors on bank lending is crucial in Kazakhstan’s modern economy, characterized by volatile inflation and fluctuations in real wages. This paper aims to investigate the link between bank lending and economic factors such as inflation, real wages, and consumer expenditure in a regional context. Data from the Bureau of National Statistics and the National Bank, covering the period from 2012 to 2022, were used to uncover how economic factors influence bank lending. For the analysis, various economic indicators were integrated through normalization and averaging. Analysis reveals significant regional disparities in real wages and consumer expenditures, which impact the demand for bank credit. The results of the correlation matrix showed that both real wages (P-value < 0.001) and inflation (P-value < 0.001) significantly impact bank lending, with an R2 value of 0.998, indicating that the model explains 99.8% of the variation in bank lending. The regression analysis highlights that regions with higher real wages, such as Astana, Almaty, and Atyrau, provide the most favorable conditions for banking sector growth, demonstrated by a strong relationship between wages and bank lending. In contrast, regions with lower wage levels, such as Turkestan and Zhambyl, show a significantly weaker connection (around 0.65), reflecting their lower attractiveness for banking investment and emphasizing the need for policies to address social inequality. The Durbin-Watson test confirmed no autocorrelation in residuals (DW = 1.89), although heteroscedasticity was detected, suggesting the need for further model adjustments. The study emphasizes the importance of developing economic policies that can balance regional development and improve financial stability.
Open Access: Yes
ANALYSIS OF THE CHARACTERISTICS OF THE FACTORS INFLUENCING THE UNEMPLOYMENT RATE: A COMPARISON OF THREE ASEAN COUNTRIES
Publication Name: Transformations in Business and Economics
Publication Date: 2024-01-01
Volume: 23
Issue: 3
Page Range: 345-361
Description:
Socio-economic issues, including inflation, business volatility, overcrowding, poverty, begging, and falling living conditions, are getting worse and worse every day in the modern day. Unemployment is one of the most hazardous and debilitating issues for any economy among such unfathomable issues. Unemployment is a term often used in macroeconomics to refer to the state of people of working age who have full working capacity and need to find a job but do not yet have one. The unemployment rate is an indicator that affects the economic development of a country, and governments often have to have the most effective unemployment rate management policies. The study focuses on inflation factors, including wages, economic growth, and education. Each country has different effects of the above factors on the unemployment rate. This study shows different conclusions across countries. For the overall population, through the analysis of a sample of all three countries, wage and education have a negative impact on the unemployment rate. This is essentially consistent with many other studies where an increase in wages leads to more workers entering the labour force. The studied countries are all major economies in Asia. For a country with a high growth rate like Vietnam, drivers such as increasing wages or boosting education clearly increase job opportunities and simultaneously reduce unemployment.
Open Access: Yes
DOI: DOI not available
ESG factors in M&A in India: Performance and market insights from 2010 to 2023
Publication Name: Investment Management and Financial Innovations
Publication Date: 2024-01-01
Volume: 21
Issue: 2
Page Range: 310-322
Description:
This study assesses the impact of mergers and acquisitions on Environmental, Social, and Governance (ESG) performance and market value of acquiring companies operating in India. Data were collected and analyzed from 69 M&A announcements from January 2010 to June 2023, sourced from the Bloomberg database. The analysis reveals a positive correlation between the post-merger market value of acquiring firms and their ESG performance, indicating that an improvement in ESG factors is associated with increased market value after mergers. Additionally, a positive correlation was identified between acquiring companies’ post-merger ESG performance and their target firms’ pre-merger ESG performance. This finding suggests that when acquiring a target firm with high ESG performance, the acquirer is likely to experience an improvement in its own post-merger ESG performance. Moreover, both the post-merger market value and ESG performance of the acquirer are likely to improve with the profitability and size of firms but will have a negative impact based on the leverage components of the acquiring firms.
Open Access: Yes
PROBLEMS AND PROSPECTS FOR LEGAL REGULATION OF INNOVATIONS IN DIGITAL AND INFORMATION TECHNOLOGIES OF THE LABOUR MARKET IN KAZAKHSTAN
Publication Name: Transformations in Business and Economics
Publication Date: 2024-01-01
Volume: 23
Issue: 3
Page Range: 325-344
Description:
The subject of this research is digital technologies, increasingly applied in the key processes of labour market organisation and the implementation and formalisation of employment relationships. The article provides an analysis of the use of information technologies in the labour sector, forming the basis for researching new forms of employment. The relevance of this study is driven by the need to adapt to the modern digital labour market, dictated by global innovative changes and the application of digital and information technologies, which require normative legal regulation of new forms of employment relationships. These evolving paradigms are poised to shape the future labour market, which is increasingly predicated on electronic formats and the rapid development of new employment constructs, encompassing self-employment, remote work, and freelancing modalities. The scholarly novelty of this study resides in the systematic categorisation and analysis of the principal trends reflecting shifts in the dynamics between employers and employees, influenced by pivotal information technologies in the modern labour market.
Open Access: Yes
DOI: DOI not available
The analysis of urbanization drivers in Kazakhstan: A regional assessment from 2010–2022
Publication Name: Journal of Infrastructure Policy and Development
Publication Date: 2024-01-01
Volume: 8
Issue: 8
Page Range: Unknown
Description:
Urbanization process affects global socio-economic development. Originally tied to modernization and industrialization, current urbanization policy is focused on productivity, economic activities, and environmental sustainability. This study examines impact of urbanization in various regions of Kazakhstan, focusing on environmental, social, labor, industrial, and economic indicators. The study aims to assess how different indicators influence urbanization trends in Kazakhstan, particularly regarding environmental emissions and pollution. It delves into regional development patterns and identifies key contributing factors. The research methodology is based on classical economic theories of urbanization and modern interpretations emphasizing sustainability and socio-economic impacts and includes two stages. Shannon entropy measures diversity and uncertainty in urbanization indicators, while cluster analysis identifies regional patterns. Data from 2010 to 2022 for 17 regions forms the basis of analysis. Regions are categorized into groups based on urbanization levels leaders, challenged, stable, and outliers. This classification reveals disparities in urban development and its impacts. Findings stress the importance of integrating environmental and social considerations into urban planning and policies. Targeted interventions based on regional characteristics and urbanization levels are recommended to enhance sustainability and socio-economic outcomes. Tailored urban policies accommodating specific regional needs are crucial. Effective management and policy-making demand a nuanced understanding of these impacts, emphasizing region-specific strategies over a uniform approach.
Open Access: Yes
ASSESSING EMOTIONAL INTELLIGENCE IN HIGHER EDUCATION: POLICY RECOMMENDATIONS FOR KAZAKHSTAN’S EDUCATION SYSTEM
Publication Name: Public Policy and Administration
Publication Date: 2024-01-01
Volume: 23
Issue: 4
Page Range: 490-507
Description:
Emotional intelligence (EI) shapes students’ academic success and life satisfaction, influencing broader educational outcomes. This study assesses EI and life attitudes among students in Kazakhstan and explores the relationship between these variables, providing policy recommendations for integrating emotional skills development into higher education. Using the Big-Five, the Bar-On Emotional Quotient Inventory, and the Lüscher color test, data were collected from 2019 to 2023. In the first stage (2019–2021), a pilot study was conducted with 504 participants, followed by the main study (2021–2023)which involved 4,027 participants. The results indicate that EI significantly correlates with life satisfaction, stress management, and leadership behavior, while age and gender show varying impacts. No direct correlation was found between year of study and EI. These findings suggest that policymakers should consider incorporating EI development into educational programs across all levels of higher education in Kazakhstan to enhance students’ academic and personal outcomes. Future research could explore the role of targeted educational interventions in improving long-term student success and professional development, with potential applications in other contexts.
Open Access: Yes
SOCIAL INTEGRATION OF INTERNALLY DISPLACED PERSONS IN UKRAINE: PERCEPTIONS FROM IDPS VS. THE HOST POPULATION
Publication Name: Economics and Sociology
Publication Date: 2024-01-01
Volume: 17
Issue: 4
Page Range: 61-81
Description:
The social integration of internally displaced persons in Ukraine is analysed based on 5 dimensions of social integration: economic, political and religious, social, socio-psychological, and integration into cultural and sports life. The study was conducted using a nationally representative sociological survey of internally displaced persons (500 respondents) and the population of host communities (850 respondents). Differences in the perception of integration are investigated based on comparing the assessments of internally displaced persons and the population of the host communities. The highest integration is obtained in the socio-psychological, political and religious dimensions. The lowest level is in integration into community life. An important empirical result is the lower scores of the population compared to IDPs in almost all 21 criteria for integration. This is an indirect sign of significant social distance and lower readiness of the population of host communities, compared to IDPs themselves, to seek opportunities for interaction. The cluster analysis reveals the links between the most significant factors for successful integration: mutual respect between IDPs and local residents, tolerance, active engagement in local policy-making, and support for country defence. The most crucial obstacles to successful integration according to IDPs’ judgements are lower possibilities compared to the local population in participation in projects aimed at local communities’ development (65,3%), entrepreneurship development (60% of responses), and participation in decision-making regarding the community development (55,9%). The findings are important for developing policies to reduce the social exclusion of IDPs in areas where integration is below average.
Open Access: Yes
Blue sky through intellectual property protection: quasi-experimental evidence from China’s Intellectual Property City Program
Publication Name: Environment Development and Sustainability
Publication Date: 2024-01-01
Volume: Unknown
Issue: Unknown
Page Range: Unknown
Description:
A well-developed intellectual property system is an important backbone for green innovation and technology, which are widely regarded as crucial tools to combat haze pollution and achieve blue sky. Despite China’s aggressive launch of the Intellectual Property City Program (IPCP) since 2012 to improve its intellectual property system, there is little evidence on whether and how IPCP affects haze pollution. Compiling a panel dataset of Chinese cities, we employ a difference-in-differences estimator to identify the causal impact of IPCP on haze pollution. We find that IPCP can effectively reduce haze pollution in IPCP cities compared to non-IPCP cities after the IPCP launch. Our instrumented results using ancient academies further support the haze-abatement effect of IPCP. Mechanism tests reveal that this reduction is driven by green innovation effect and resource allocation effect. The effect is pronounced in eastern cities and cities with high degrees of green innovation, marketization and environmental regulation intensity. Our findings provide support for the critical role of powerful IP protection in haze pollution control.
Open Access: Yes
Exploring factors of service adoption using SERVQUAL paradigm: Its impact on millennials’ adoption of services in the self-drive rental sector
Publication Name: Innovative Marketing
Publication Date: 2024-01-01
Volume: 20
Issue: 2
Page Range: 182-192
Description:
The self-drive rental sector has witnessed exponential growth in recent years due to rising demand for long and short-distance drives among millennials. This study aims to investigate the quality of services in the self-driving rental sector and its impact on customer adoption or rejection of service in India. The conceptual framework was developed using the SERVQUAL model and other important factors affecting consumers’ service adoption. A quantitative research method was deployed, and data were gathered through a survey method using a structured questionnaire (based on a 5-point Likert scale). The sample size comprised 385 respondents, 23-38 years old millennials (with 69% of males and 31% of females). The population sample was chosen from Delhi, Mumbai, and Bangalore, India. The data were collected in March 2023. The factor and regression analyses were applied along with chi-square and SEM analyses to test the research hypotheses. The results indicated that the absence of low prices (42%), customer assistance (28 %), and security issues is responsible for consumer rejection. The factors leading to dissatisfaction are the absence of consumer schemes and discounts, a lack of staff interaction and assistance, and poor service quality. The brands must focus on the negative impact arising from the absence of these factors and effectively address the areas of improvement to regain customer trust and garner customer loyalty.
Open Access: Yes
Economic and environmental drivers of renewable energy transition in the EU
Publication Name: Environmental Economics
Publication Date: 2024-01-01
Volume: 15
Issue: 2
Page Range: 232-245
Description:
The current green agenda, the climate change, and sustainability frameworks are closely linked to the successful transition to renewable energy. The study purpose is to estimate the influence of economic and environmental drivers of renewable energy promotion in the EU-27, using the 2013–2021 data for member states. Breusch and Pagan Lagrangian multiplier test and Hausman specification test were performed to determine the proper model specification. Using random-effects GLS regression for selected data, the study found that the rise in the magnitude of the Land-Ocean Temperature Index by one unit contributes to an increase in renewable energy sources by 10-16 percentage points. The rise in natural gas prices in the EU by USD 10 per MMBtu is associated with an average growth of renewable energy sources by 2.1-2.6 percentage points and three percentage points for growth in renewable electricity. An increase in GDP per capita of USD 1,000 led to an average increase in renewable electricity by 0.2 percentage points. An increase in CO2 per capita by one ton is associated with an average decrease in renewable electricity by 0.85 percentage points. This study proves that the critical point of GDP per capita within the “economic growth/renewable energy” nexus when economic stimulus starts to decline was estimated at USD 121,227-148,623. Thus, for countries that have reached the break-even point in GDP per capita, the incentives for introducing renewable energy sources are reduced when the effect of wealth prevails over the impact of environmental awareness and responsibility.
Open Access: Yes
Inclusive growth: Literature review
Publication Name: Journal of International Studies
Publication Date: 2024-01-01
Volume: 17
Issue: 1
Page Range: 205-232
Description:
The paper presents a comprehensive analysis of scholarly literature within the domain of inclusive growth. It meticulously categorises diverse approaches aimed at delineating the essence of inclusive growth, encompassing the articulation of principal objectives, and identifying challenges that inclusive growth endeavours to address. Furthermore, to enhance the organization of research and attain a nuanced understanding of prevalent, well-explored, and under-researched themes, the study advocates for a supplementary bibliometric analysis of publications on inclusive growth. Utilizing data extracted from the Scopus and Web of Science databases from 1995 to 2022, this research discerns notable scholarly interest in inclusive growth, particularly among academic communities in the United States, India, and Great Britain. The findings delineate several focal points within the realm of inclusive growth, including the determinants of developmental trajectories, the constituents and metrics of economic expansion, as well as the evaluation and prognostication of its outcomes. Moreover, the study underscores the significance, characteristics, and potential avenues of inclusive growth, alongside the imperative of financial inclusivity and its role in fostering equitable economic development. Additionally, it identifies key components essential for achieving sustainable development objectives, elucidating how inclusive growth initiatives are intricately linked to the mitigation of pervasive societal challenges such as poverty, inequality, and unemployment. By identifying prominent clusters of scholarly discourse, this research facilitates a nuanced comprehension of the most salient themes and issues animating the discourse on inclusive growth, thus providing a valuable foundation for future scholars and policymakers in this crucial area.
Open Access: Yes
Determinants of SMEs' strategic entrepreneurial innovative digitalization: examining the mediation role of human capital
Publication Name: European Journal of Innovation Management
Publication Date: 2025-09-10
Volume: 28
Issue: 7
Page Range: 2733-2760
Description:
Purpose This study was inspired by research of strategists on strategic innovation (SI), aiming to provide a unique model to enhance the digitization of small and medium-sized enterprises (SMEs) in Bangladesh to fill the gap toward a digital economy. Design/methodology/approach A survey was used to collect data from 180 SMEs in the manufacturing industry for this research. The results indicate that strategic innovativeness (SI), human capital (HC), infrastructure and technology and resistance to change significantly influence the digitalization in Bangladesh SMEs. Findings The link between SI and SMEs' digitalization in Bangladesh is mediated by HC. The results show that HC plays a big role in the connection between SI and the digitalization of SMEs. This study may be valuable for SMEs managers, researchers and policymakers in Bangladesh and other developing nations, who want to learn more about SI in adopting digitalization. Originality/value The specialized knowledge and abilities of strategists allow them to establish parallels between the past and present, enabling them to make a sustained forecast about the digital economy. This study encourages small and medium-sized businesses to develop their SI and advance their HC, which could further deject resistance to change toward enhancing and adopting digitalization in SMEs sectors.
Open Access: Yes
DETERMINANTS OF GLOBAL MIGRATION: THE IMPACT OF ESG INVESTMENTS AND FOREIGN DIRECT INVESTMENT
Publication Name: Economics and Sociology
Publication Date: 2024-01-01
Volume: 17
Issue: 1
Page Range: 215-235
Description:
In response to global economic, social, and environmental problems, ESG investment principles have changed the approach to directing and structuring foreign direct investment. Additionally, they are becoming an essential factor in attracting migrants. This article aims to determine the impact of foreign direct investment on global migration trends and their peculiarities with the introduction of ESG investment principles. For this purpose, global foreign direct investment flows, global ESG investment flows, and global migration trends have been analyzed from 1995 to 2022. Pairwise correlation calculation was used as the primary analysis method through R-Studio software with integrated R programming language. The results indicated a 35% correlation between the volume of global ESG investment flows and the number of international migrants (as a percentage of the total population, which varies between 3.2% and 3.6%) for 2010-2022. Subsequently, regression analysis was conducted to explore the relationship between critical variables: investment flows and the level of migration in four European countries (France, Poland, the Czech Republic, and Germany). It was determined that investment inflows led to new jobs, accelerated economic growth, and improved business climate, thus encouraging reduced outflow and increased inflow of migrants. Investments based on ESG principles also reduce emigration as they enhance the quality of life in the host country, provide better environmental protection, and promote more transparent corporate management. However, it should be noted that investments have no apparent impact on migration caused by external factors such as wars or political conflicts, so such analysis should not include periods of global economic and political unrest.
Open Access: Yes
Influencer-consumer fit and intention to co-create brand value: The serial mediation of influencer authenticity and attitude toward brand
Publication Name: Journal of Infrastructure Policy and Development
Publication Date: 2024-01-01
Volume: 8
Issue: 9
Page Range: Unknown
Description:
Social media influencer marketing has emerged as an essential marketing strategy in the online interactive environment. This study investigates the impact of influencer-consumer fit (ICF) on behavioral intentions; intention to co-create brand value (ICC) and purchase intention (PI), with the serial mediation of influencer authenticity (IA) and attitude toward brand (ATB). A self-administered questionnaire was distributed to followers of social media influencers in Pakistan. The data were collected from 421 female followers of social media influencers through survey and partial least squares—structural equation modeling was used for data analysis. The findings reveal that ICF impacts IA, while the latter impacts ATB. ATB in turn impacts behavioral intentions. The direct effects suggest that ICF impacts consumers’ PI but not the ICC. However, with the serial mediation of IA and ATB, the relationship becomes significant. The findings of this study may assist managers in building brand strategies to achieve excellence in a highly dynamic and competitive market by leveraging the power of influencer marketing.
Open Access: Yes
Can multifarious types of green bonds be accused of greenwashing with a durative analysis? Insights from a permanent causality vs. temporary causality phenomenon
Publication Name: Environment Development and Sustainability
Publication Date: 2025-09-01
Volume: 27
Issue: 9
Page Range: 21425-21449
Description:
Green bonds are useful monetary tools that can finance sustainable endeavors to bolster an eco-friendly economy. This research inspects the frequency-domain causal relationship between diverse green bond types and the green economy from June 30, 2014 to August 3, 2023. The goal is to understand both permanent and temporary causal phenomena between them. The findings reveal that only pioneering green bonds display a robust bidirectional causal link with an eco-efficient economy. Meanwhile, other green bond types, like conventional, municipal, and currency-dominated green bonds, may be susceptible to greenwashing due to the absence of a thorough permanent causal tie with an ecologically sustainable economy. Additionally, enhancing pioneering green bonds by integrating ESG (Environmental, Social, and Governance) stocks can transform the cause-and-effect dynamic between specific green bonds and the green economy. It shifts from a bilateral cause to a unilateral one stemming from the environmentally friendly economy and extending to distinguished green bonds. This phenomenon persists whether the 5% annual fee for sustaining and managing the index combining green bonds and ESG equities is considered or not. Interestingly, an environmentally conscious economy, in both persistent and transient associations, consistently affects ecological bonds with diverse traits. This highlights the importance of the overall state of an environmentally responsible economy in enhancing green bonds. These discoveries provide novel perspectives for green market regulators and policymakers to design improved standards for green assets.
Open Access: Yes
Supply chain integration and supply chain performance: evidence from the textile industry
Publication Name: Industria Textila
Publication Date: 2024-01-01
Volume: 75
Issue: 4
Page Range: 396-404
Description:
This study aims to determine the impact of supply chain integration on supply chain performance and the Internet of Things (IoT) mediating role in Sindh Pakistan's textile industry. Primary data was gathered with the help of questionnaires from previous studies. The employees were requested to complete the questionnaire online, and the concerned HR department was officially contacted. To achieve the research objectives of this study, SmartPLS version 3 is applied. The findings of this study confirmed the direct effect of internal integration, supplier integration, and the Internet of Things on supply chain performance. In addition to this, the present study also confirmed the partial mediation effect of IoT between internal integration, supplier integration, and supply chain performance in the textile industry of Sindh, Pakistan, a developing country. This research uses RBV theory to examine the textile industry's supply chain and effectiveness. Internal integration, partner integration, IoT, and supply chain performance are discussed in the research. This clarifies how these technologies operate together to give organizations a competitive advantage. The study shows how the Internet of Things (IoT) is a go-between for integration and supply chain success. Textile business managers should consider investing money into IoT devices and using their benefits. Companies can get real-time information about their supply chain by using IoT devices and monitors.
Open Access: Yes
An Analysis of Consumer Decision-Making in Digital Mobile Payment Adoption: Exploring Influencing Factors
Publication Name: Decision Making Applications in Management and Engineering
Publication Date: 2024-01-01
Volume: 7
Issue: 1
Page Range: 651-675
Description:
Despite every one of the upsides of mobile payment services (MPs), they are unutilized by a sizable client base. This paper analyzes the central drivers of utilizing MPs for purchasing purposes from the consumers' point of view in Uzbekistan. Given the Technology Acceptance Model (TAM), the study built up a seven-figure model to uncover the determinants of customers' goals to utilize MPs. 300 respondents in Uzbekistan were selected, and 276 substantial responses were incorporated into the analysis. The structural equation model results applied that customers' goal to utilize MPs for purchasing purposes is impacted by trust, system usefulness, social influence, risk, hedonic motivation, and attitude. The factor, facilitating conditions was not significant interestingly which the most distinct finding of that study is. Considering the findings and discussion, the paper concludes with the notion that mobile payment as a digital innovative financial technology is influenced by most of the factors that mobile operators should look at closely.
Open Access: Yes
Interoperability of the revolutionary blockchain architectures and Islamic and conventional technology markets: Case of Metaverse, HPB, and Bloknet
Publication Name: Quarterly Review of Economics and Finance
Publication Date: 2023-12-01
Volume: 92
Issue: Unknown
Page Range: 112-131
Description:
This study examines how Islamic and conventional technology stock indices interact with blockchain technology assets including Metaverse, High-Performance Blockchain, and Blocknet, throughout different market conditions and horizons. A three-pronged approach is employed, namely the quantile cross-spectral coherency approach, the time-varying parameter vector autoregressions (TVP-VAR), and the Causality in quantiles methodology. The quantile coherency results show that connectivity between new generation blockchains and conventional and Islamic markets varies. It was found that the connectedness of the network of variables rises in the medium run and reaches its peak in the long run as a result of the TVP-VAR approach. It is evident from the results that the application of sharia screening only impacts the relationship between the technology stock index and digital assets significantly, but does not affect the connectedness and causality between the two. Technology managers, policymakers, and blockchain designers are able to gain new insights from these research findings.
Open Access: Yes
Role of economic complexity and technological innovation for ecological footprint in newly industrialized countries: Does geothermal energy consumption matter?
Publication Name: Renewable Energy
Publication Date: 2023-11-01
Volume: 217
Issue: Unknown
Page Range: Unknown
Description:
This research evaluates how energy (geothermal and coal), economic complexity, and technological innovation impact the ecological footprint in newly industrialized countries (NICs), considering the period 1990–2018. The authors employed economic complexity, technological innovation, and ecological footprint as significant considerations instead of standard environmental and economic parameters. The study used cross-sectional augmented distributed lag (CS-ARDL) and the pairwise Dumitrescu-Hurlin (DH) panel causality to consider the dynamic character of the correlation between the Environment and economic activities. The outcomes of the CS-ARDL showed that economic growth and coal energy intensify ecological footprint in both the long and short run. However, CS-ARDL results revealed that geothermal energy consumption, economic complexity, and technological innovation lessen the ecological footprint in NICs in the long and short run. Finally, the DH causality results revealed a unidirectional causality from geothermal, technological innovation, economic complexity, and coal energy use to ecological footprint. This demonstrates that all the exogenous variables have a predicted power on the ecological footprints in NICs. Based on these findings, policy measures to diversify products have the potential to tackle ecological problems.
Open Access: Yes
Spatial effects and heterogeneity analysis of the impact of environmental taxes on carbon emissions in China
Publication Name: Heliyon
Publication Date: 2023-11-01
Volume: 9
Issue: 11
Page Range: Unknown
Description:
Environmental taxes are important means by which governments can address environmental pollution problems. Amid increasingly severe global warming, how should environmental taxes be used to better combat pollution and reduce emissions to promote sustainable socioeconomic development? This empirical analysis explores the influence of environmental taxes on CO2 emissions by utilizing a spatial Durbin model constructed with panel data from 2006 to 2020 encompassing 30 provinces, autonomous regions, and municipalities under the direct jurisdiction of China's central government. First, we found that a strong spatial auto-correlation exists between carbon emission intensity and environmental taxes at the geographic and economic levels in each province. The characteristics of high–high and low–low agglomeration are consistent with the actual situation where each province has a strong regional correlation. Second, the estimation results of environmental taxes' spatial effect on carbon emissions show that under the neighboring space weight matrix, environmental taxes and fees can not only better promote regional carbon emission reduction but also reduce the carbon emissions of neighboring regions. Under the economic distance weight matrix, environmental taxes' impact on reducing carbon emission intensity in the province is not significant, but it can promote the reduction of carbon emissions in the economically neighboring provinces. Additionally, the results of the sub-tax estimation of environmental taxes and carbon emission intensity show that differences exist in the impacts of different environmental taxes on carbon emission intensity under different weight matrices. Among them, environmental protection, resource, vehicle and vessel, and urban land use taxes are basically unfavorable in reducing carbon emission intensity in a region and its neighboring regions, while urban maintenance and construction and cultivated land occupation taxes enhance carbon emission reduction. Our findings suggest that efficiently promoting carbon emissions reduction requires effectively utilizing the spatial effects of environmental taxes and carbon emissions, establishing and improving the regional carbon emissions reduction linkage mechanism, including carbon dioxide in the scope of taxation to further strengthen environmental taxes' positive impact on carbon emission reduction, and focusing on the heterogeneity of environmental tax implementation to achieve emission reduction goals.
Open Access: Yes
CHARACTERISTICS OF SEGMENTS ACCORDING TO THE PREFERENCE SYSTEM FOR JOB SELECTION, OPPORTUNITIES FOR EFFECTIVE INCENTIVES IN EMPLOYEE GROUPS
Publication Name: Decision Making Applications in Management and Engineering
Publication Date: 2023-10-01
Volume: 6
Issue: 2
Page Range: 557-580
Description:
In addition to economic challenges, employers are also facing a growing generation gap. Generations that are significantly different in terms of values, mindsets and preferences need to be effectively managed in a workplace, which requires complex solutions. In this paper we present sub results of our primary research. In a quantitative procedure, we conducted a pre-tested standardized questionnaire online survey with random sample making method, resulting in 1146 evaluable questionnaires. Descriptive statistics to evaluate the results presented in this study. Descriptive statistics, bivariate and multivariate analyses were applied to process the quantitative results, to test the hypotheses put forward. The main focus of our research is to investigate the factors that influence employees' choice of jobs, and we analyzed the structure of their preference system. As a result of the research, we were able to identify distinct clusters according to the preference system of job selection. In the context of the resulting segments, we also analyzed which motivational tools could be most effective in encouraging higher performance. We believe that our research has useful implications for practice, by highlighting how to differentiate the pool of employees in terms of job choice and how to apply effective incentives to a specific segment.
Open Access: Yes
The aptness of import-led growth hypothesis for sustainable development in South Asia: Do energy utilization and natural resources matter?
Publication Name: Resources Policy
Publication Date: 2023-10-01
Volume: 86
Issue: Unknown
Page Range: Unknown
Description:
In recent years, the escalating trade activities (imports and exports) have spurred a growing body of research on their linkages with economic progress and sustainability. However, the impacts of imports and export diversification on sustainable economic growth have been rarely explored. This paper aims to fill this gap by exploring the role of import product diversification in the sustainable economic performance of South Asian countries. More precisely, this paper introduces the export-led growth hypothesis and explores the role of import product diversification, natural resources, and human capital for sustainable economic growth. Empirically, this paper uses data from 1995 to 2020 with 9 South Asian economies and runs advanced panel cointegration techniques along with long-run estimation techniques robust to endogeneity, cross-sectional dependence, autocorrelation, and other panel data problems. The outcomes display a significant correlation between import product diversification, natural resources, and sustainable development. The findings can provide insights to formulate efficient import diversification strategies for sustainable growth, especially in developing countries.
Open Access: Yes
Work from home practices as corporate strategy- an integrative review
Publication Name: Heliyon
Publication Date: 2023-09-01
Volume: 9
Issue: 9
Page Range: Unknown
Description:
The Covid 19 pandemic led to major changes at the individual, organisational and institutional levels of policy, productive functions, and organising. During Covid 19 morbidity, public institutions enforced social isolation, mandatory self-isolation, quarantines, and administrative regulatory lockdowns, which led to a movement away from the physical, material world and into an all-consuming digital universe. With growing interest in work-from-home (WFH) opportunities, this article provides an integrative review of 107 papers. It comprises the bibliometric analysis and manual review of the articles, on the basis of which we present an elaborative discussion and agenda for future research. According to the analysis, WFH looks a tad of a double-edged sword in that it may have major but unintended repercussions for institutions, and organizations as well as hidden, positive as well as negative consequences for individuals/employees. One of the significant insight from our analysis was the absence of HR function's strategic or operational input or oversight during corporate WFH strategies. We suggest several theoretical frameworks for further developing, theorizing, and empirically testing various aspects of WFH. Further, we recognise that WFH is becoming increasingly visible as a result of the pandemic scenario and significant technical advancements, which must be reflected in the research. Finally, because WFH represents a significant disruption in how organizations produce work and manage it, we propose employee and managerial consequences as future research agendas.
Open Access: Yes
Resources curse and sustainable development perspective: Fresh evidence from oil rich countries
Publication Name: Resources Policy
Publication Date: 2023-08-01
Volume: 85
Issue: Unknown
Page Range: Unknown
Description:
In recent years, many regions that are rich in natural resources have fallen behind other countries that have fewer natural resources in terms of economic growth. This study examines the role of resource rents on national income of Arab world over the period of 1989–2021. We use mineral and oil rents to capture the resource rents. In order to determine the long-term effects of resource rents on the national income of the Arab world, this study employs the econometric methods of DOLS and FMOLS. In addition to that, the FMOLS approach, which is an asymptotically unbiased and effective estimator, is utilized throughout this study. These approaches can help to address some of the issues that arise in the analysis of time series data, is used in this study to control for endogeneity as well as serial correlation. We find that oil rents are harmful for economic growth, which approves the resource curse phenomena in case of Arab world. The abundance of natural resources in the Arab world could persuade its officials to spend more money on consumption and less on investments in physical capital, which would be detrimental to economic progress. Moreover, reliance on natural resources can lead to a scenario known as the Dutch Disease.
Open Access: Yes
The Revival of Regional Cooperation in Central Asia in the Perspective of Hungary's Eastern Opening Policy
Publication Name: Economic and Regional Studies Studia Ekonomiczne I Regionalne
Publication Date: 2023-06-01
Volume: 16
Issue: 2
Page Range: 241-256
Description:
Subject and purpose of the work:: This study explores the specifics of strengthening Central Asian regional cooperation and its potential opportunities according to Hungary's Eastern Opening Policy. Materials and methods:: A two-pronged approach was used to conduct this study, which included a comprehensive literature review of relevant academic publications on regional cooperation, as well as an examination of cooperation projects to identify specific characteristics. Results are explicated using descriptive methodology for the analysis. Results:: Central Asian regional integration differs from the traditional model, emphasising the importance of historical factors and the strengthening of Turkish ethnic identity as a foundation for unification efforts. Conclusions:: Foreign economic engagement in Central Asia requires a continuous and assertive presence, along with the development of mutual trust due to the region's unique historical, cultural and geopolitical context. These tendencies and intentions have been recognised by Hungarian foreign strategy - in line with the Eastern Opening Policy - with good sense and at a good pace.
Open Access: Yes
Spatial and Heterogeneity Analysis of Environmental Taxes’ Impact on China’s Green Economy Development: A Sustainable Development Perspective
Publication Name: Sustainability Switzerland
Publication Date: 2023-06-01
Volume: 15
Issue: 12
Page Range: Unknown
Description:
Environmental taxation is an important tool used by governments to promote resource conservation and environmental protection. Given the current global constraints on resources and increasing environmental degradation, exploring how environmental taxes can effectively stimulate the development of a green economy is of utmost importance. This study utilized panel data from 30 provinces, autonomous regions, and municipalities in China, covering the period from 2006 to 2020. The research findings indicate a spatial correlation between environmental taxes and green economic efficiency in China, with the former significantly promoting the development of the latter. A heterogeneity analysis revealed varying impacts of different taxes on the efficiency of green economic development in different regions. Controlling for variables, the study results demonstrated a negative correlation between industrial structure and green economic efficiency, with a significance level of 1%. Additionally, no correlation was found between pollution control efforts and green economic benefits. The effects of different taxes on regional efficiency varied, and industrial structure exhibited a negative correlation with green economic efficiency. This study recommends strengthening intergovernmental coordination, improving tax policies, optimizing industrial structure, and enhancing the pollution control efficiency of local governments to promote China’s green economy.
Open Access: Yes
DOI: 10.3390/su15129332
Entrepreneurial ecosystem and urban innovation: Contextual findings in the lens of sustainable development from China
Publication Name: Technological Forecasting and Social Change
Publication Date: 2023-06-01
Volume: 191
Issue: Unknown
Page Range: Unknown
Description:
Entrepreneurial activities constitute a critical antecedent to urban innovation (UI), which reflects the levels of innovation and creation activities in cities and is strongly related to their economic development. Existing research on UI focuses on the net effects of individual explanatories in isolation while leaving the synergistic effects between these factors under-examined. Drawing from the entrepreneurial ecosystem (EE) theory, we constructed an entrepreneurial ecosystem composed of market, finance, human capital, internet access, transportation, and government, adopting the fuzzy set qualitative comparative analysis (fsQCA) of 34 representative cities in China to analyze the combined effects of multiple elements underpinned UI. Consequently, the following findings were observed. First, no single entrepreneurial ecosystem element constitutes a necessary condition for a high UI level. Second, large markets and well-designed government services correspond well to high UI levels. Third, the lack of mature transportation and a large market lead to a non-high level. This study advances antecedent research on UI by addressing the complex mechanism of multi-factor linkages.
Open Access: Yes
Understanding the Impact of Big Data Analytics and Knowledge Management on Green Innovation Practices and Organizational Performance: The Moderating Effect of Government Support
Publication Name: Sustainability Switzerland
Publication Date: 2023-06-01
Volume: 15
Issue: 11
Page Range: Unknown
Description:
Understanding and predicting the relationship between big data analytics (BDA) and knowledge management (KM) and how they complement each other is still an ambiguous and strategically crucial issue. This study aims to investigate the interrelationships between BDA and KM in fostering green innovation practices (GIP) and organizational performance and, in addition, to explore the mediation effect of KM and how it can boost the impact of BDA on GIP. Based upon the underpinning theories that cover the study’s research model, several hypotheses were proposed and then examined. Using a cross-sectional research design, 174 questionnaires were collected from medium and large Algerian manufacturing firms. The study applied smart PLS-SEM for data analysis. The sorted results show that BDA positively impacts KM and GIP. The results also indicate that GIP positively influences and increases firm performance. In addition, the findings reveal that government support plays a significant part in leveling up firms’ GIP. Furthermore, the study emphasizes the critical impact of KM to polish the impact of BDA on GIP. This study highlights the necessity of improving the technological and managerial aspects of BDA by determining valuable capabilities, such as KM processes, to enhance organizational performance. Tracking business opportunities and predicting their relevant threats has become a severe concern to knowledge-extensive firms. Therefore, BDA can enable managers to absorb a large amount of data to increase the efficiency of a business decision to ensure survival and advancement. The study discusses both practical and theoretical implications.
Open Access: Yes
DOI: 10.3390/su15118456
Water Use Efficiency and Productivity of Irrigated Rice Cultivation in Nigeria: An Application of the Stochastic Frontier Approach
Publication Name: Sustainability Switzerland
Publication Date: 2023-05-01
Volume: 15
Issue: 10
Page Range: Unknown
Description:
In the face of declining water resources and low agricultural water productivity, it is vital to increase agricultural production efficiency and efficiency of water usage. The efficacy of irrigating rice fields in Nigeria is evaluated here using a stochastic frontier analysis. This is a parametric frontier that is assumed to have half-normal distribution, allowing the model to be separated from normal errors in a composite error model. Samples of 382 surveys were used in the study; out of the total number, 361 surveys were retrieved and used for the analysis. The analytical tools used in the study are: gross margin, water productivity analysis, and stochastic frontier approach. The results indicate an average yield of 4.69 and 4.94 tons/hectare, and net farm income of $415 and $364 for the farmers using canal irrigation and farmers using tube wells, respectively. The results also showed physical and economic water productivity of 0.51 kg/m3 and $0.11/m3 for canal water users, and 0.568 kg/m3 and $0.10/m3 for tube well users. The canal water users had a mean irrigation water use efficiency of 0.76, compared to 0.70 for the tube well users. The study recommends that effective extension services and their coverage be enhanced to provide adequate training to rice farmers on water use efficiency and the transfer of innovations and farming technologies to farmers.
Open Access: Yes
DOI: 10.3390/su15107824
Analyzing the Leading Role of High-Performance Work System towards Strategic Business Performance
Publication Name: Sustainability Switzerland
Publication Date: 2023-04-01
Volume: 15
Issue: 7
Page Range: Unknown
Description:
HPWS is currently perceived as potential source of the competitive skills, capabilities and knowledge of human resources. This study aim to illustrate how high-performance work systems (HPWS) offer the foundation for strategic business performance (SBP) through the mediating function of organizational flexibility and contextualizing manufacturing firms of developing countries by providing an empirically tested framework for analyzing SBP. The current study is based on a quantitative research design. Data were gathered from manufacturing firms from the top, middle and operational management firms. SEM was used to analyze our 589 samples. Findings revealed that HPWS is the only component aiding manufacturing firms’ growth. The results illustrate that HPWS will take a long time to achieve SBP if organisational flexibility does not mediate the relationship between HPWS and SBP. Utilizing actual data, this study reveals practical strategies for enhancing the mechanism of business development performance among manufacturing organizations. Furthermore, this research helps to understand the relationship between HPWS and organizational flexibility in attaining SBP.
Open Access: Yes
DOI: 10.3390/su15075697
Social Responsibility: Opportunities for Integral Assessment and Analysis of Connections with Business Innovation
Publication Name: Sustainability Switzerland
Publication Date: 2023-03-01
Volume: 15
Issue: 6
Page Range: Unknown
Description:
The paper proposes an approach to the integrated assessment of the social responsibility of EU countries with a combination of data from three international indices most relevant to the monitor-ing of social responsibility at the macroeconomic level: the Global Sustainable Competitiveness Index, the Sustainable Development Goals Index and the Social Progress Index. Applying the method of taxonomic analysis on the example of index values for EU countries, we assessed the differences and leaders in ensuring social responsibility. The authors do not consider country-level social responsibility only as a consequence of the development of responsible practices at all levels. Taking into account that social responsibility should be a prerequisite for expanding opportunities in all spheres, in particular, in business, the authors conducted a correlational analysis of the relationship between the taxonomic indicator of social responsibility and the development of innovative business. As a result, we confirmed significant connections with “Business sophistication” indicators (as part of the Global Innovation Index) and the share of innovative firms of total SMEs (according to OESD statistics). The obtained results strengthen the grounds for considering social responsibility not only as an important socially oriented concept, but also as a reliable basis for the development of innovative business due to the created comfortable institutional environment of business development.
Open Access: Yes
DOI: 10.3390/su15065608
Can social enterprises aid sustainable development? Evidence from multi-stage investigations
Publication Name: Plos One
Publication Date: 2023-02-01
Volume: 18
Issue: 2 February
Page Range: Unknown
Description:
Background Social enterprises must balance between profitability and sustainability. The impetus on sustainability grew further after the adaption of the SDG agenda by the United Nations (UN). Objective This paper examines the role of social enterprises in helping attain sustainable development goals in India. Research design This multi-stage paper comprises three studies directed at scale development, scale refinement, pre-testing, and construct validity. The scale development stage is conducted through a combination of extensive literature review and focused group discussions. Expert discussions and item-reduction techniques have been used in the second stage aimed at scale refinement and pre-testing. The third stage of testing construct validity is carried out through Partial Least Square–Structural Equation Modelling (PLS-SEM). Results The findings suggest that all the competencies of social enterprises identified in the study i.e. social mission, collaborative networks, innovation, financial viability and level of scalability significantly impact sustainable development. Conclusion Because the goals of social enterprises and the Sustainable Development Goals (SDGs) are mutually reinforcing and complementary, the study suggests that social enterprises have a lot of potential for achieving the SDGs. The study also suggests future research directions and policy implications that can be replicated in other countries.
Open Access: Yes
Organizational Change and Workplace Incivility: Mediated by Stress, Moderated by Emotional Exhaustion
Publication Name: International Journal of Environmental Research and Public Health
Publication Date: 2023-02-01
Volume: 20
Issue: 3
Page Range: Unknown
Description:
Modern organizations continuously undergo change processes. The focus of the organizations remains on the macro level, but the micro level (i.e., employee’s perspective) is neglected. Using the conservation of resource theory (COR), this study examines the association between organizational change and workplace incivility. This study also proposes mediating and moderating mechanisms of stress and emotional exhaustion. The data were collected from 262 respondents working in public sector organizations in Pakistan using a time-lagged technique. The results proved that change significantly impacts workplace incivility. Moreover, stress mediates their relationship and emotional exhaustion moderates it. Furthermore, emotional exhaustion also moderates the stress–incivility relationship. Public sector organizations must focus on well-planned, inclusive, and adequately managed change processes to achieve the desired outcome; otherwise, adverse behaviors, including incivility, manifest. To the best of the authors’ knowledge, the organizational change and incivility relationship has not been explored in the past. Additionally, their relationship with stress and emotional exhaustion also requires empirical investigation. This study also adds to the literature on the conservation of resource theory.
Open Access: Yes
Obsessive passion, opportunity recognition, and entrepreneurial performance: The dual moderating effect of the fear of failure
Publication Name: Frontiers in Psychology
Publication Date: 2023-01-04
Volume: 13
Issue: Unknown
Page Range: Unknown
Description:
A strong inclination toward an important or preferred activity is a critical factor that drives individual to engage in corresponding activities. This study focuses on how entrepreneurs, influenced by obsessive passion, are motivated to put great effort into taking advantage of business opportunities and accomplishing entrepreneurial goals. By using SPSS and AMOS tools to analyze the multi-source questionnaire of 208 entrepreneurs, the research results show that obsessive passion can promote entrepreneurial performance and opportunity recognition plays a mediating role. In addition, endogenous and exogenous fear of failure play different moderating roles in the effect of obsessive passion on opportunity recognition. The research conclusion deepens the theoretical understanding of entrepreneurial passion, opportunity recognition, and fear of failure at a more subtle level.
Open Access: Yes
Economic empowerment as a result of achieving SDGs with resource access: A comparative research between Gaza Strip and Hungary
Publication Name: Journal of International Studies
Publication Date: 2023-01-01
Volume: 16
Issue: 2
Page Range: 9-33
Description:
Donors, development agencies, and international non-governmental organizations are currently shaping a large part of the development and humanitarian agenda of sustainable developmen, especially regarding the first and second Sustainable Development Goals (SDGs) related to ending poverty and hunger worldwide. Thus, an increasing number of development interventions are aimed at protecting the planet and ensuring prosperity for everyone by strengthening the resilience of vulnerable households and communities. The research implemented a quantitative methodology approach that relied on distributing a survey based on the research variables. Data were collected in both the Gaza Strip and Hungary using google forms over a sample of 700 respondents, however, only 616 respondents filled out the survey. The collected data were analyzed using the SPSS statistical tool to research the impact of no poverty and zero hunger on economic empowerment and how resource access mediates this relationship. The research results were reported 9 using descriptive and regression analysis, while mediation analysis was based on the method of Barron and Kenney. Most of the world's poor live in rural regions, and if we want to help them, we need to concentrate on developing agriculture in a modern and sustainable manner to create employment, increase farmers' incomes and consumption, and decrease food costs. Governments need to learn more about their strengths and challenges to aid communities in expanding. While primary agriculture may provide a viable income for those living in different regions, there is always the potential for diversification. Recognizing and capitalizing on other areas' variety or growth might significantly lower poverty levels. There is an urgent need to address the issue of food security, which requires a renewed commitment from governments, farmers, national policymakers, and international donors.
Open Access: Yes
EVALUATION OF REGIONAL SUSTAINABLE DEVELOPMENT OF SELECTED CHINESE PROVINCES
Publication Name: Journal of Eastern European and Central Asian Research
Publication Date: 2023-01-01
Volume: 10
Issue: 3
Page Range: 542-556
Description:
This study aims to investigate and evaluate the status of sustainable development in the Fujian, Guangdong, and Zhejiang provinces over a decade (2011-2020) using the quantitative analysis approach of the entropy weight TOPSIS method. Based on the 12th and 13th Five-Year Plans, this research analyzes the three provinces' social, economic, and environmental development using data collected from relevant economic and social sectors in China. The findings demonstrate that the sustainable development levels in the respective regions of these three provinces have improved, despite the impact of the COVID-19 pandemic during the study period. Drawing upon the 14th Five-Year Plan promulgated in 2021, the report provides recommendations for future social, economic, and environmental development in the examined region. The study's results have implications for similar regions seeking to achieve sustainable development goals.
Open Access: Yes
The effects of foreign direct investment on the performance of small-medium enterprises: The case of Vietnam
Publication Name: Journal of International Studies
Publication Date: 2023-01-01
Volume: 16
Issue: 1
Page Range: 57-70
Description:
Foreign direct investment (FDI) is one of the most important elements influencing countries' international economic integration. FDI establishes direct, consistent, and long-lasting interconnections between economies as well as encouraging innovative technology and know-how transmission across territories while allowing host economies to offer their goods more extensively on global markets. FDI is also a source of investment financing that creates the climate for appropriate policies. Aside from the obvious advantages for all economic sectors, attracting FDI in small and midsize enterprises (SMEs) has a variety of additional benefits. For example, an opportunity to participate in the global supply chain for parts and components; an opportunity not yet wholly established in most developing nations but is critical for industrialization and improving income distribution through job creation for low-skilled employees. This study compared the impact of FDI on the performance of SMEs in Vietnam to that of a group of ASEAN nations with comparable economic structures including Indonesia, Malaysia, and Thailand. The empirical evidence indicates that FDI has a negative effect on the performance of SMEs in the group of four ASEAN member countries while having a positive influence on Vietnamese SMEs.
Open Access: Yes
The impact of unpredictable resource prices and equity volatility in advanced and emerging economies: An econometric and machine learning approach
Publication Name: Resources Policy
Publication Date: 2023-01-01
Volume: 80
Issue: Unknown
Page Range: Unknown
Description:
Global stock markets are incredibly unpredictable. Resource prices have a significant market impact on varying securities. With the use of cutting-edge technology like artificial intelligence, analysts and researchers are employing various machine learning techniques and econometrics methodologies to anticipate stock price trends in order to better comprehend stock market volatility. Volatility is the degree of variation in a time sequence of market rates. Stock market equity returns depend on the business output where the investor has trust in high and low equity. This research explores the interaction between industrialized and developing economies' market volatility relationships between 2000 and 2020 as well as the aforementioned impacts taking place on developing financial prudence worldwide. The aim of the study is to integrate an appropriate GARCH framework to estimate the uncertainty dependent on market conditions in the European Union, the Pacific, South America, Latin America, East Asia, West Asia and South Asia stock return indices. The Generalized Auto-Regressive Conditional Heteroscedasticity method is used for analyzing the effect of updates from the USA that influences the returns of S&P 500 globally as well as European Union, Pacific, South American, Latin American, East Asian, West Asian and South Asian indices returns. For capital markets of the world, there is a significant gap in equity return uncertainty. Such results have major effects on investors looking to diversify their portfolios. For international and domestic institutional shareholders, this paper is significant. The impact of international institutional investors' investments and effects of the growth of the equity market return may be omitted as the analysis is restricted exclusively to the European Union, the Pacific, South America, Latin America, East Asia, West Asia, and South Asia.
Open Access: Yes
Factors causing depopulation of vulnerable regions: Evidence from Kazakhstan, 2009-2019
Publication Name: Regional Statistics
Publication Date: 2023-01-01
Volume: 13
Issue: 3
Page Range: 559-580
Description:
The methodology for sampling vulnerable regions in Kazakhstan has not been fully developed. This finding highlights the need for further research in this area. The best adaptability to the current economic system is found in urban agglomerations, city centres, and regions with raw material extraction industries and goods in high demand in the global market. However, Kazakhstan's most vulnerable regions are less developed and competitive. Furthermore, these settlements have become impoverished and are currently on the verge of extinction. Additionally, the pandemic has profoundly changed the structure and level of its development, triggering potential vulnera-bility issues, particularly in small settlements where resources and supplies are in short supply. The data analysis pinpointed Kazakhstan's most vulnerable regions, which have a deteriorating environmental status and a lack of social and transportation infra-structure. For the last ten years, these regions have been particularly vulnerable. Data analysis indicated that Kazakhstan's most vulnerable regions have a deteriorating environmental status and lack social and transportation infrastructure. These regions have been particularly vulnerable over the last ten years. The solutions to these challenges lie outside the purview of both the urban and rural levels of government and, therefore, necessitate active government involvement.
Open Access: Yes
DOI: 10.15196/RS130308
UNIVERSITY-INDUSTRY COLLABORATION IN R&D TO REDUCE THE INFORMAL ECONOMY AND STRENGTHEN SUSTAINABLE DEVELOPMENT
Publication Name: Economics and Sociology
Publication Date: 2023-01-01
Volume: 16
Issue: 3
Page Range: 339-353
Description:
University-industry collaboration in R&D has great potential as a partnership that promotes sustainable development. This article aims to confirm that university-industry collaboration in R&D contributes to reducing the size of informal economy and strengthening sustainable development. Correlation and causal analysis are applied to achieve this goal: Shapiro-Wilk test, Pearson’s and Spearman correlation methods, vector autoregression and Granger causality test are used on the basis of STATA software for a cross-country sample of 10 countries with the highest Sustainable Development Index over 2011-2018. Research results show that stronger university-industry R&D collaboration contributes to more robust sustainable development in 6 out of 10 sample countries and shrinking informal economy in 4 out of 10 countries. In turn, growth of the informal economy leads to a decrease in university-industry R&D collaboration in 5 out of 10 countries and inhibits sustainable development in 7 out of 10 countries. In conclusion, policymakers should transform the national policy and strategy to emphasize and strengthen R&D cooperation between the universities and the industry.
Open Access: Yes
CHARACTERISTICS OF CONSUMER SEGMENTS BASED ON PERCEPTIONS OF THE IMPACT OF DIGITALISATION
Publication Name: Decision Making Applications in Management and Engineering
Publication Date: 2023-01-01
Volume: 6
Issue: 2
Page Range: 975-993
Description:
The focus of our research was to examine consumer perceptions of attitudes towards digitalisation. The perception of digitalisation was also analysed from a generation-specific perspective, given that the difference in values between generations is reflected in the perception of consumer trends, including the trend towards digitalisation. The primary data presented in this study are the results of a quantitative data collection was carried out among Hungarian consumers using an arbitrary sampling procedure. A pre-tested, standardised online questionnaire survey was used, which resulted in 3, 515 evaluable questionnaires. Descriptive statistics, bivariate and multivariate analyses were used to process the quantitative results and test the hypotheses. As a result of the study, we were able to characterise three significantly distinguishable target groups using a K-means clustering procedure: the group of"consumers sceptical about digitalisation", the segment of"Accepting consumers who feel the differentiating effects of digitalisation", and The 'positive digital consumer'. We have been able to demonstrate that the perception of digitalisation can be used as a segmentation criterion, and we can also statistically demonstrate that the segments according to the perception of digitalisation carry generation-specific elements. In our opinion the results may help to increase consumer acceptance of digitalisation processes and related technologies. A limitation of the research is that, the results are valid for the population under consideration, cannot be considered representative. We believe that characterising the individual segments can help to differentiate the education process according to the awareness and attitudes of each consumer.
Open Access: Yes
Comparative analysis of labour markets in Ukraine, Armenia, Moldova, and Estonia: Institutional approach, 1995–2020
Publication Name: Regional Statistics
Publication Date: 2023-01-01
Volume: 13
Issue: 1
Page Range: 149-166
Description:
The study investigates the labour market and economic transformation in Armenia, Estonia, Moldova, and Ukraine. After the 30th anniversary since gaining independence. all 15 former Soviet states demonstrated different speeds and results of economic transition. While Estonia is known as the most successful post-Soviet state, Ukraine and Moldova are still transforming their economies towards joining the EU, and Armenia is part of the pro-Russian economic bloc. This study aims to compare labour markets through the prism of institutional transformations. The econometric modelling revealed the relationship between institutional aspects of the labour market and further economic development. The labour market of the post-Soviet countries in general, and those of Ukraine, Armenia, Moldova, and Estonia in particular, do not constitute a significant part of the global labour market. However, their important regional features allow us to assess the level of institutional transformations of the economies of these countries. The tools and methodological approaches used in this study can be used for further research in the field of labour and institutional economics to understand the transformational processes of different speeds that are taking place in the post-Soviet space. The choice of countries for research is due to their inclusion in the economic complex of the former USSR, being in Europe, the polarity of the integration course, similar demographic trends, and since the authors of this study had the opportunity to visit these countries in 2020–2021. The random-effect regression model results indicated that the life expectancy at birth has a statistically significant impact on GDP, unlike traditional labour market indicators such as years of schooling, unemployment, and female participation in labour force
Open Access: Yes
DOI: 10.15196/RS130107
Strategic management, scenario analysis and competitive advantage analysis: New opportunities for anti-money laundering system reform
Publication Name: E A M Ekonomie A Management
Publication Date: 2023-01-01
Volume: 26
Issue: 2
Page Range: 140-157
Description:
The article identifies and mathematically substantiates vectors of reforming the financial monitoring system based on the synergistic approach in the cross-country context by developing scenarios by selecting internal and external factors that stimulate money laundering. The key external and internal factors of the money laundering process intensification are indicated. Competitive advantages of the anti-money laundering processes, the achievement of which is possible in terms of key external and internal factors for activation of money laundering process are formed. The relationship between the key internal and external factors of money laundering intensification and competitive advantages by building a binary characteristic matrix is formed. The synergy effect made by the mutual influence of simultaneously acting internal and external factors – a quantitative feature of the further strategy of the financial monitoring system reforming in terms of cross-country analysis is calculated. An economic-mathematical model for evaluating and interpreting strategy for improving the financial monitoring system in terms of cross-country context based on integer optimization is developed. In the article, there is calculation of the number of competitive advantages received by each observed country, without considering the possible synergy effect of mutual influence of simultaneously acting internal and external factors on each other. Moreover, there is quantitative assessment of the synergy effect made by the emergence of additional competitive advantages due to a certain combination of simultaneous influence made by external and internal factors of the money laundering intensification. The “ideal” situation of the possibility of gaining all possible competitive advantages in reforming the financial monitoring system in terms of cross-country context by overcoming internal and external factors stimulating the money laundering is studied. The results of the cross-country analysis form a basis for the further formalization of the limits for quantitative evaluation of the developed strategies through a uniform distribution.
Open Access: Yes
Analysis of the Impact of ICT on Economic Growth: Empirical Data from 16 Regions of Kazakhstan
Publication Name: Acta Polytechnica Hungarica
Publication Date: 2023-01-01
Volume: 20
Issue: 3
Page Range: 29-44
Description:
In the last decade, ICT has significantly impacted economic growth in many developing countries, such as Kazakhstan. In addition, there is practically no analysis of the level of interconnections between the communication infrastructure and economic growth in the regional context. This article will consider the impact on GRP per capita of the following ICT factors: volume of communication services, number of fixed telephone lines, enterprises using computers, enterprises using the Internet, internal costs for R&D by regions, the number of organizations that have created and use new technologies and equipment. The data for the article were collected over ten years, from 2010 to 2020 as part of the dynamic panel data approach, which includes 14 regions and two cities. The initial data were taken from the statistical data of the Bureau of National Statistics of the Republic of Kazakhstan. The methodology used in the article includes the study of the proposed indicators and conducting correlation and regression analysis in the STATA program. The conclusions presented in our work showed that the ICT infrastructure has a significant positive impact on regional development, and the coefficient of elasticity of the ICT infrastructure to regional development is greater than the coefficient of elasticity of the degree of integration. The government can use the results of this study to develop programs to improve regional development.
Open Access: Yes
DOI: DOI not available
What facilitates and impedes the adoption of sustainability in global value chains? A Grey-DEMATEL analysis
Publication Name: Environment Development and Sustainability
Publication Date: 2025-09-01
Volume: 27
Issue: 9
Page Range: 21275-21303
Description:
Trade was deep rooted in the world locally. The global doors opened up more recently and new ideas for trading and making product in multiple locations are even more nascent, close to the 80 s. This gave us the topic of global value chains (GVC) to study, reflect and understand the shift in global trade. Since then, the subject has gained interest from both academics and decision-makers. Since the development of the topic of global value chains (GVCs), production has altered a lot. Due to lower transportation and communication charges, many firms have abandoned the custom of making all their products and services in a single nation and inside their organisational borders. GVCs can offer various benefits for firms and countries, such as access to new markets, technologies, skills, and resources. However, GVCs also pose challenges like coordination costs, quality control, environmental and social standards, and value-added distribution. This has led to the advancement of literature; however, there remains a gap in understanding how the barriers and drivers of Sustainability in GVC affect it. This study has been undertaken to address this gap and has used the Grey-DEMATEL technique. Study shows significant relationships among factors like Greenwashing, the COVID-19 pandemic, and Blockchain technology, which policymakers can use to improve Sustainability within the value chains.
Open Access: Yes
The Role of food aid and livelihood interventions in mediating the relationship between household's resilience and economic empowerment
Publication Name: Economic Annals Xxi
Publication Date: 2022-12-27
Volume: 194
Issue: 11-12
Page Range: 151-163
Description:
The concept of resilience has been utilized to examine more complex ecological and socioeconomic systems such as agri-food systems in developing countries. Gaza has one of the high unemployment rates globally, therefore keeping people imprisoned in poverty and dependent on external support to existing. The strategy for poverty reduction in Gaza primarily consists of giving food aid or multi-purpose cash-based assistance and livelihood projects; nevertheless, this does not reduce unemployment or poverty in the long term. Non-Governmental Organizations (NGOs) have increased their efforts to provide more effective and comprehensive interventions to the affected populations, especially in the Gaza Strip. The research implemented a quantitative methodology distributed to over 300 household benefited from food aid and livelihood interventions through the NGOs in Gaza Strip. The questionnaire had been constructed based on the Likert Scale ranging from 1 (Strongly Agree) to 5 (Strongly Disagree). The data had been treated using SPSS statistical tool and AMOS for structural equation modeling and analysis to study the mediating effect of food aid and livelihood interventions on the relationship between household resilience and economic empowerment in the Gaza Strip. The research found that the resilience ability of many families in the Gaza Strip has increased because of the humanitarian assistance provided by NGOs, which lead to reducing poverty and household resilience plays a vital role in minimizing poverty and alleviating suffering through empowering and engaging them in the economy. The research also found that food aid tends to critically impact the relationship between household resilience and economic empowerment. NGOs play an essential role in engaging the poor in the economy through providing food security and encouraging new investments and efforts to improve help effectiveness via greater coordination among players involved in the implementation and better planning, targeting, and providing aid to people in Gaza Strip. The research findings also showed that livelihood interventions mediate the relationship between household resilience and economic empowerment in Gaza Strip. The structural model supports that the livelihood interventions modulated the association between household resilience and economic empowerment.
Open Access: Yes
DOI: 10.21003/EA.V194-19
A comparative study of the relationship between circular economy, economic growth, and oil price across South Asian countries
Publication Name: Frontiers in Environmental Science
Publication Date: 2022-10-10
Volume: 10
Issue: Unknown
Page Range: Unknown
Description:
This study investigates the relationship between economic growth, oil price, and circular economy through biomass energy consumption in South Asian countries, examining the possibility of biomass consumption by enhancing economic growth and decreasing oil price. Energy is the backbone of economic growth, while biomass energy resources being the best renewable energy resource alternative considering the production cost. There are no studies in the literature with regard to the influence of biomass consumption on economic growth and oil price; our study has been designed to fill this gap. For this, we used data for the period 2010–2020 and ARDL and Granger causality. The findings show that all elasticities are statistically significant in the short term for Pakistan, India, Bangladesh, and Sri Lanka. In the long term, coefficients of oil price for Pakistan and Sri Lanka are positively associated with significant elasticities, whereas biomass energy consumption is negatively associated with oil price in India and Bangladesh. Biomass energy consumption significantly impacts the economic growth of Pakistan and Bangladesh in the long term, whereas in the case of India and Bangladesh, an association between biomass energy consumption and GDP is shown. As a policy implication, governments can create and adjust policies in order to reduce costs in the energy system and protect the environment from pollution with the adoption of a biomass energy system because fossil oil and coal energy systems are unfavorable to economic growth, especially across South Asian countries.
Open Access: Yes
THE MEDIATING EFFECT OF ORGANIZATIONAL AND COWORKERS SUPPORT ON EMPLOYEE RETENTION IN INTERNATIONAL NON-GOVERNMENTAL ORGANIZATIONS IN GAZA STRIP
Publication Name: Decision Making Applications in Management and Engineering
Publication Date: 2022-10-01
Volume: 5
Issue: 2
Page Range: 396-412
Description:
Because of the enormous beneficial influence that employee retention has on work-related outcomes, it has been the focus of much research for a long time and especially in the field of International NonGovernmental Organizations (INGOs). The importance of highlighting elements that may enhance the beneficial effect of Workplace Fun (WF) and Work-Life Balance (WLB) in increasing employee retention (ER). So this research examines the influence of worklife balance and workplace fun on employee retention, as well as the mediating effect of Perceived Organizational Support (POS) and Perceived Coworker Support (PCS) on employee retention. The obtained data were analyzed using a conceptual model. An online survey was used to collect the information. More than 358 surveys and analyses have been conducted utilizing the AMOS. In terms of employee retention, the study found a favorable correlation between workplace fun and work-life balance. The association between workplace fun, work-life balance, and employee retention was mediated by supervisor and coworker support. To assist firms to recognize the value of supervisor support in minimizing bad work outcomes for employees, these findings will be useful.
Open Access: Yes
Social Capital Factors Fostering the Sustainable Competitiveness of Enterprises
Publication Name: Sustainability Switzerland
Publication Date: 2022-10-01
Volume: 14
Issue: 19
Page Range: Unknown
Description:
The study aimed to determine the factors of social capital (SC) of enterprises that can have a significant impact on achieving sustainable competitiveness. In this regard, the study tested the SEM-analysis method for evaluating hypotheses regarding the influence of factors of relational, cognitive and structural social capital of enterprises on financial and non-financial indicators of competitiveness. Empirical data for the study were obtained on the basis of a sociological survey conducted by the authors of managers and owners of enterprises in Ukraine from December 2020 to March 2021. The obtained results and modelled relationships of factors confirmed the significant influence of factors of social capital of enterprises on competitiveness. At the same time, the results revealed the most essential influence of efforts to develop strategic partnerships with suppliers (as part of structural SC), efforts to form a positive image of the enterprise and satisfaction with horizontal relationships (as part of relational SC), general satisfaction with the psychological climate in the team, the establishment of corporate culture as well as own efforts to support and develop corporate culture (among the factors of cognitive SC).
Open Access: Yes
DOI: 10.3390/su141911905
Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China
Publication Name: Frontiers in Environmental Science
Publication Date: 2022-09-29
Volume: 10
Issue: Unknown
Page Range: Unknown
Description:
For a greener society, good corporate environmental information disclosure is crucial. This study empirically examines the influence of media attention and state-owned equity, and their interaction on corporate environmental information disclosure by A-share heavily polluting firms in the Shanghai and Shenzhen stock markets from 2015 to 2019. The results show that state-owned equity can improve the level of corporate environmental information disclosure; however, it mainly affects financial environmental information disclosure. Media attention also improves the level of corporate environmental information disclosure, but only for non-financial environmental information. Moreover, media attention and state-owned equity have a certain substitution effect on environmental information disclosure: a higher state-owned equity ratio weakens the positive effect of media attention on environmental information disclosure. To improve environmental information disclosure, the government must clarify disclosure standards to improve the comparability of environmental information. In addition, media and shareholders can fully leverage their external and internal supervisory roles to promote the environmental responsibilities of firms. Our findings can be useful for further promoting corporate environmental information disclosure and developing relevant policies.
Open Access: Yes
NFTs and Cryptocurrencies—The Metamorphosis of the Economy under the Sign of Blockchain: A Time Series Approach
Publication Name: Mathematics
Publication Date: 2022-09-01
Volume: 10
Issue: 17
Page Range: Unknown
Description:
Although NFTs (non-fungible tokens) and cryptocurrencies are active on the same market, their prices are not so closely related over time. The objective of this paper is to identify the relationship between the two types of assets (NFTs and the cryptocurrencies Ethereum, Crypto Coin, and Bitcoin), using data for the period between September 2020 until February 2022. The conclusions of the study are useful for cryptocurrency and NFT issuers, but also for investors on the financial market who are reconfiguring their portfolios with increasing frequency, and use these new assets for speculative or hedging purposes based on blockchain technology. The results highlighted relationships between NFTs and Ethereum, between Ethereum and Crypto Coin, and between Bitcoin and Ethereum, Ethereum being a bridge between all four. Therefore, NFTs present a relationship with Ethereum, the NFTs price had a causal effect on the price of Ethereum.
Open Access: Yes
DOI: 10.3390/math10173218
Balanced diet and daily calorie consumption: Consumer attitude during the COVID-19 pandemic from an emerging economy
Publication Name: Plos One
Publication Date: 2022-08-01
Volume: 17
Issue: 8 August
Page Range: Unknown
Description:
This article tries to explore consumer attitudes regarding a balanced diet and daily calorie intake monitoring during the COVID-19 pandemic in India. It has become vital to boost people’s immunity because of reoccurring diseases such as COVID-19, Ebola, and other chronic diseases such as diabetes, thyroid disease, etc. Healthy diets are important for supporting immune systems and keeping track of daily calorie consumption is an accompaniment to this. The research on attitudes toward a balanced diet is reviewed in this empirical study. Researchers employed a tri-component attitude model to assess consumer attitudes about a balanced diet and to track daily calorie consumption. A sample of 400 respondents was surveyed and data were collected with a structured questionnaire. The data were analysed using the structural equation modelling technique. The majority of respondents were found to lack declarative knowledge of both a balanced diet and daily calorie consumption. The effects of the COVID-19 pandemic on consumer attitudes about a healthy diet and daily calorie intake were effectively evaluated using beliefs, affection, and intentions. The repercussions for the government and business community were discussed. This study also evaluates the usefulness of the tri-component attitude model in the Indian context.
Open Access: Yes
Food security management in developing countries: Influence of economic factors on their food availability and access
Publication Name: Plos One
Publication Date: 2022-07-01
Volume: 17
Issue: 7 July
Page Range: Unknown
Description:
The research presents an analysis of the food security policy effectiveness on the component of food availability and access in two developing countries, Colombia and Kyrgyzstan, during the period from 2000 to 2018. Determining the state of their food balance trade and the regression analysis for the Food Production Index of the countries, considering four economic indicators. Thus the study attempts to show that policies and strategies have not reached the expected results in terms of reduction of food imports dependency and strengthening of national production and export industry. Furthermore was found that among the economic indicators considered, food inflation, food imports, food exports, and extreme monetary poverty; the last one was the indicator that presented influence on the Food Production Index of both countries, during the period analyzed, showing that access was the main component that defines the food production. The results highlighted the need of integrating food security with the monetary and trade policies of these countries.
Open Access: Yes
The Features of the Shadow Economy Impact’ on Biomass Energy Sector
Publication Name: Energies
Publication Date: 2022-04-01
Volume: 15
Issue: 8
Page Range: Unknown
Description:
The shadow economy is a significant factor in impoverishing the economies of countries and unequal operating and competitive conditions distort the market economy system, as opaque parallel activities impoverish socially responsible business units. The biomass energy sector faces this risk because the biomass supply chain is not yet fully secure and balanced. The study conducted by the authors showed that the manifestations of the shadow economy in the biomass energy sector are possible in the biomass production and transportation sub‐sectors. Lack of digitization and poor resource management can lead to the problem of misuse of resources, which has non‐transparent economic activities. The evaluation methodology developed by the authors allows to investigate the directions of shadow economy in the biomass energy sector and to measure the possible extent of such activities. The measurements were made in order to compare the official activities of enterprises with the factors attributable to the shadow economy. This is also due to the lack of innovation and digital solutions. The application of innovative solutions would help to reduce the size of the shadow economy, which would increase the income of regions and the state, and reduce the level of poverty.
Open Access: Yes
DOI: 10.3390/en15082932
Application of the Linear Programming Method in the Construction of a Mathematical Model of Optimization Distributed Energy
Publication Name: Energies
Publication Date: 2022-03-01
Volume: 15
Issue: 5
Page Range: Unknown
Description:
The Polish economy is facing a huge challenge regarding the future of energy in Poland. The current energy system is very inefficient, it consumes huge resources that, like countries with high energy efficiency, could be allocated to the development of low-carbon and renewable energy networks. At the moment, the Polish energy sector, related to the coal monoculture, lacks electricity and the entire transmission system is obsolete. The solution may be distributed energy, which can ultimately satisfy energy supplies in less urbanized areas and in rural areas, while guaranteeing the sustainable development of these areas. In order to take up the challenge of better understanding and explaining such a complex reality, it was decided that the research framework of this article will be distributed energy in the region. The aim of the article is to ensure energy security in the conditions of innovative, ecological and open to competition regional energy using local energy resources. Currently, it is believed that distributed energy can be an effective solution to the problem of conventional energy operation.
Open Access: Yes
DOI: 10.3390/en15051872
Economic affordability of food as a component of the economic security of Ukraine
Publication Name: Plos One
Publication Date: 2022-03-01
Volume: 17
Issue: 3 March
Page Range: Unknown
Description:
Economic security can be considered as an economic aspect of the life of an individual or household that provides the opportunity to achieve financial stability and improve living standards. In this context, understanding the impact of economic affordability of food on the economic security of the country is of great importance. The authors propose to use the indicator of economic affordability of food for in-depth analysis of the economic security of the country. Indicators that determine the level of economic affordability of food products in Ukraine for 2000-2018 are calculated. The regression analysis made it possible to establish a close relationship between the indicators of food expenditures and the level of GDP per capita, between the level of income and expenditure of food of decile groups. Correlation coefficients between the consumption of six basic foodstuffs and the level of per capita income in Ukraine are determined. The obtained indicators, which determine the economic affordability of food, allow us to conclude that there is a lack of economic protection at the level of individual low-income households. Overcoming economic instability and minimizing the possible consequences of the low level of economic affordability of food should become one of the main tasks of Ukraine's economic security.
Open Access: Yes
NONLINEAR SPILLOVER EFFECT OF US MONETARY POLICY UNCERTAINTY ON CHINA’S SYSTEMATIC FINANCIAL RISKS
Publication Name: Journal of Business Economics and Management
Publication Date: 2022-02-08
Volume: 23
Issue: 2
Page Range: 364-381
Description:
Monetary policy uncertainty (MPU) not only imposes a great impact on the systematic financial risks of a country but also generates a significant spillover effect on countries having close economic exchanges with the former under the background of global economic integration. With the daily return rates of 64 listed financial companies in China from February 2006 to September 2020 used as the samples, China’s systematic financial risks were measured in this research by using long-run marginal expected shortfall (LRMES). On this basis, an FAVAR model with time-varying parameters was constructed to empirically investigate the spillover effect of US MPU on China’s systematic financial risks and its main transmission channels. Results showed that within the sample period (February 2006 – September 2020), US MPU generated a significant positive spillover effect on China’s systematic financial risks, namely, China’s systematic financial risks would be aggravated if the level of US MPU was elevated. From different time intervals, the spillover level was particularly high during global financial crises and global COVID-19 pandemic, indicating that the spillover effect of MPU is nonlinear and closely related to global major sudden risk events. Through the further research, it is found that this effect is mainly transmitted through short-term capital flow, interest rate, and economic uncertainty-induced channels, among which the short-term capital flow is the most important.
Open Access: Yes
Opportunities within the meat supply chain in Africa-The case of beef production in Northern Ghana
Publication Name: Plos One
Publication Date: 2022-01-01
Volume: 17
Issue: 1
Page Range: Unknown
Description:
Developing food supply chains in the African agriculture could be one of the keys for higher value-added activities and for the fair income of the stakeholders along the chains. Our research aims to investigate how these agricultural value chains are working in Northern Ghana and how to develop them. To estimate meat demand in the Tamale Metropolis, we carried out a large-scale survey with more than 300 interviews. Furthermore, we also measured the awareness of processed meat products. Based on the results, our conclusions are as follows: Development of public services offers the opportunity to (1) gaining market power for ourselves while losing market power for others, (2) indirect takeover of control on political and civil societies while losing control for others, (3) to win allies and friends on one hand, potentially losing allies and friends on the other. After spatial analyses of grazing areas, animal markets, trading routes and witnessing the descriptions of basic macroeconomic differences within Ghana; we must conclude that live animal trade is south-orientated, where traders are able to bargain higher prices. Due to northern locational advantages, the price of animals could be reduced. The presumably cheaper workforce and dozens of unemployed young males could also alleviate the financial burdens.
Open Access: Yes
Risk Management for Cold Supply Chain: Case of a Developing Country
Publication Name: Acta Polytechnica Hungarica
Publication Date: 2022-01-01
Volume: 19
Issue: 8
Page Range: 161-185
Description:
Cold Supply Chain (CSC) involves temperature-controlled activities in the overall process, ranging from the raw material storage to the final supply of the products to the consumers. The activities involved are easily exposed to risks such as temperature and humidity, equipment failure and quality risk to name a few. Such sensitive processes need proper risk mitigation strategies, to ensure the effective functioning of the overall CSC. For this purpose, the current research conducted a vigorous literature review and identified 40 relevant risks related to CSC in a developing country. The risks were analyzed using Failure Mode and Effect Analysis (FMEA)-Risk Priority Number (RPN) technique to shortlist the significant risks. The significant risks were then subjected to the Full Consistency Method (FUCOM) for prioritization. The results concluded, contamination of food, temperature and humidity and quality as the top-three risks that can be dangerous for the overall cold supply chain. To overcome these risks, the study recommends the proper implementation of traceability systems and Radio Frequency Identification (RFID) systems. Furthermore, employing the latest technologies and efficient personnel training can also help overcome these risks. Such an application of the study in the case of a developing country, Pakistan's CSC forms to be the first of its kind. Furthermore, the application of FMEA-RPN along with the FUCOM technique in the scenario of CSC risk management forms the novelty of this research study.
Open Access: Yes
DOI: DOI not available
A CROSS-COUNTRY STUDY ON THE DETERMINANTS OF WORKING CAPITAL MANAGEMENT: GMM APPROACH
Publication Name: Transformations in Business and Economics
Publication Date: 2022-01-01
Volume: 21
Issue: 3
Page Range: 288-305
Description:
The paper analyzed the determinants of Working Capital Management (WCM) of listed manufacturing firms across South Asian Association of Regional Corporation (SAARC) countries from 2000 to 2020. Employing a Generalized Method of Moments, we found that operational risk and market risk are key hurdles to efficient working capital management. Our results are providing an important managerial implication for the use of operational risk and market risk in selected countries. Firms in selected countries can manage an optimal level of WCM through controlling operational risk and market risk, therefore should develop a ranking system about WCM activities to boost up their firm value.
Open Access: Yes
DOI: DOI not available
Foreign direct investment and shadow economy: One-way effect or multiple-way causality?
Publication Name: Journal of International Studies
Publication Date: 2022-01-01
Volume: 15
Issue: 4
Page Range: 196-212
Description:
The article examines the relationship between the size of the shadow economy and indicators of the investment market development. Net inflow of foreign direct investments, volume of net investments in non-financial assets, volumes of portfolio investments, and net outflow of foreign direct investment were used as parameters characterizing the development of the investment market. The dependence between the indicators was analyzed using the regression equation, Shapiro-Wilk test. Research results demonstrate that the increase in the inflow and outflow of foreign direct investments leads to an increase in the size of the shadow economy without a time lag in Ukraine, Poland, Slovenia, Romania, Croatia, Lithuania, Latvia, Estonia, and with a time lag of 1 year in Slovakia and Hungary. The largest impact on the size of the shadow economy is made by the volume of inflow and outflow of direct foreign investments, while the volume of portfolio investments has a less significant effect. Consequently, it was concluded that the processes of inflow and outflow of direct foreign investments require enhanced control by specialized state executive bodies given the scale of their potential destabilizing impact on the macroeconomic stability of the country.
Open Access: Yes
Evaluating the Return Volatility of Cryptocurrency Market: An Econometrics Modelling Method
Publication Name: Acta Polytechnica Hungarica
Publication Date: 2022-01-01
Volume: 19
Issue: 5
Page Range: 107-126
Description:
Cryptocurrency is the blockchain financial technology used for transactions in financial institutions and exchanges. Bitcoin has attracted much coverage from investors and commentators as it represents the maximum market capitalization on a crypto-currency exchange. The study aims to determine the correlation between the daily log–returns and to understand the tendencies in the cryptocurrency market instability of Bitcoin, Litecoin, XRP, Nxt, Dogecoin, Vertcoin, DigiByte, DASH, Counterparty, and MonaCoin. The correlation among the selected cryptocurrencies exists in the study. The analysis is focused primarily upon reference information from the preserved servers of cryptocurrency websites and finance.yahoo.com. This research assesses regular details on the Logarithmic return of Bitcoin, Litecoin, XRP, Nxt, Dogecoin, Vertcoin, DigiByte, DASH, Counterparty, and MonaCoin for a timeframe spanning from October 01st, 2014, to April 30th, 2020. From 131 cryptocurrencies, we considered only 10 Cryptocurrencies due to the availability of data after October 2014. Where there was insufficient information, there were average results determined from preceding and succeeding data. Findings demonstrate that there is GARCH modelling of cryptocurrencies against Bitcoin. Litecoin, XRP, Nxt, Dogecoin, Vertcoin, DigiByte, DASH, Counterparty, and MonaCoin; variability values throughout the duration had a significant effect on the updates from Bitcoin returns. We believe that it helps create information and resources that are valuable to practitioners and scholars who research and form cryptocurrency markets in the future.
Open Access: Yes
QUALITY OF SCIENTIFIC ACTIVITY AS A DETERMINANT OF SOCIO-ECONOMIC DEVELOPMENT
Publication Name: Economics and Sociology
Publication Date: 2022-01-01
Volume: 15
Issue: 3
Page Range: 301-318
Description:
The purpose of this work is to identify the functional links between key indicators of scientific activity and socio-economic development and to check whether the quality of scientific activity and the dynamics of innovative development are the key determinants of socio-economic progress. Following the chosen methodology, the paper forms an array of input data that characterizes the level of scientific and innovative activity, economic and social development. The principal component method is used to identify the most relevant indicators from each group and to introduce three latent variables that denote each group separately. A system of simultaneous structural equations is obtained as a result of establishing functional relationships between manifest and latent variables and building a structural model. In addition, the paper determines two clusters of the studied countries to confirm the obtained results through structural modelling. The study is conducted for 35 European countries based on 33 indicators, which characterize the quality of scientific activity, economic and social development during 2014-2020. The obtained system of structural equations confirms the hypothesis regarding the importance of scientific activity quality in terms of ensuring the socio-economic development of the country.
Open Access: Yes
DESTINATION ENVIRONMENTAL BRANDING AND SUSTAINABLE ECO-CONSCIOUS CONSUMER
Publication Name: Transformations in Business and Economics
Publication Date: 2022-01-01
Volume: 21
Issue: 2
Page Range: 121-146
Description:
This research aims to examine the role of ecotourism of destination ecological, economic branding to enhance the sustainable eco-conscious consumers in an emerging economy. Empirical research investigates the tourism management effects on the image and equity of the city & finally inspects these effects on international visitors across the country. Data is collected from 368 eco-conscious consumers from the emerging city. For the analyses purposes, we employed Partial least square-structural equation modelling (PLS-SEM) to advance the development and testing of theory in eco-tourism research. Pragmatic results demonstrate that eco-tourism destination branding and destination image have played a significant role in improving the overall destination of the brand equity of the city. A systematic scientific procedure for SEM results estimation is presented and applied to an annotated tourism as a case example. The research established that city destination features like destination image, services, and experience significantly contribute to destination branding. This research suggested a theoretical contribution to the existing body of current knowledge regarding eco-tourism marketing as a refined quantitative analysis. It will ultimately permit future researchers to elucidate the research’s contribution to comprehending the prominence of destination branding among tourists in an emerging economy.
Open Access: Yes
DOI: DOI not available
The Role of food aid and livelihood interventions in mediating the relationship between household’s resilience and economic empowerment
Publication Name: Economic Annals Xxi
Publication Date: 2021-12-27
Volume: 194
Issue: 11-12
Page Range: 151-163
Description:
Theconceptofresiliencehasbeenutilizedtoexaminemorecomplexecologicalandsocioeconomic systems such as agri-food systems in developing countries. Gaza has one of the high unemployment rates globally, therefore keeping people imprisoned in poverty and dependent on external support to existing. The strategy for poverty reduction in Gaza primarily consists of giving food aid or multi-purpose cash-based assistance and livelihood projects; nevertheless, this does not reduce unemployment or poverty in the long term. Non-Governmental Organizations (NGOs) have increased their efforts to provide more effective and comprehensive interventions to the affected populations, especially in the Gaza Strip. The research implemented a quantitative methodology distributed to over 300 household benefited from food aid and livelihood interventions through the NGOs in Gaza Strip. The questionnaire had been constructed based on the Likert Scale ranging from 1 (Strongly Agree) to 5 (Strongly Disagree). The data had been treated using SPSS statistical tool and AMOS for structural equation modeling and analysis to study the mediating effect of food aid and livelihood interventions on the relationship between household resilience and economic empowerment in the Gaza Strip. The research found that the resilience ability of many families in the Gaza Strip has increased because of the humanitarian assistance provided by NGOs, which lead to reducing poverty and household resilience plays a vital role in minimizing poverty and alleviating suffering through empowering and engaging them in the economy. The research also found that food aid tends to critically impact the relationship between household resilience and economic empowerment. NGOs play an essential role in engaging the poor in the economy through providing food security and encouraging new investments and efforts to improve help effectiveness via greater coordination among players involved in the implementation and better planning, targeting, and providing aid to people in Gaza Strip. The research findings also showed that livelihood interventions mediate the relationship between household resilience and economic empowerment in Gaza Strip. The structural model supports that the livelihood interventions modulated the association between household resilience and economic empowerment.
Open Access: Yes
DOI: 10.21003/ea-v194-19
Analysis of socio-economic spatial structure of urban agglomeration in China based on spatial gradient and clustering
Publication Name: Oeconomia Copernicana
Publication Date: 2021-09-01
Volume: 12
Issue: 3
Page Range: 789-819
Description:
Research background: Previous studies on the economic and social development of urban agglomerations mostly focus on a single primacy comparative analysis and efficiency evaluation. Spatial structure differentiation is an important feature of urban agglomeration. The lack of economic and social analysis on the spatial structure makes it impossible to determine the development positioning of each city in the urban agglomeration, which affects the sustainable economic devel-opment ability of these areas. Purpose of the article: The objective of the article is to analyze the spatial development law and experience of urban agglomeration, this study explores the practice of economic and population spatial structure of city areas in China. For this purpose, CPUA and its central city Zhengzhou was taken as an example, the spatial gradient structure of example was analyzed. Methods: Using economic and population data of 32 cities in this region, growth pole theory, and pole-axis theory, the economic and population spatial structure of urban agglomeration, the spatial gradient structure of central cities in urban agglomerations were analyzed with the method of cluster about radiation index. Findings & value added: (1) In the process of the formation of CPUA, the geo-graphical spatial pattern plays a decisive role in economic and social development. This is an experience from developing countries. (2) CPUA presents a gradient development pattern with Zhengzhou as the center, and economic and social development gradually radiates to the metropolitan area, the core development area, and the character development demonstration area. (3) The economic and social gradients of Zhengzhou, the central city, present the hierarchy rules and characteristics which are driven by the Beijing-Guangzhou-Railway axis and the Longhai-Railway axis. (4) The central city of Zhengzhou still presents insufficient primacy in regional development, which shows that Zhengzhou accounts for 6% of the population of the Central Plains Economic Zone and 14% of GDP, and insufficient agglomeration. Different countries at different stages of economic development have different urban agglomeration development models. The conclusions from China provide new decision-making ideas and methods for spatial structure research and development strategy analysis of urban agglomerations.
Open Access: Yes
DOI: 10.24136/OC.2021.026
Bananas, coffee and palm oil: The trade of agricultural commodities in the framework of the EU-Colombia free trade agreement
Publication Name: Plos One
Publication Date: 2021-08-01
Volume: 16
Issue: 8 August
Page Range: Unknown
Description:
Generally, research and studies about commodities focus on price trends, analysis in terms of international competitiveness, market position structure, rate of net exports, market share, and concentration index. This paper has developed an analysis of the most influential agricultural commodities traded from Colombia to European Union, which are bananas, coffee, and palm oil. Analyzing the economic and commercial effects in two traditional agricultural commodities from Colombia (bananas and coffee) with the rise of palm oil as a commodity in the trade relation with its partner; the European Union. The structure draws from the overview of general aspects and the behavior of Colombian foreign trade, as diversification of export products and trade partners, to focus on the characteristics of the trade relationship between the European Union and Colombia. The aim is analyze the proportional relation between bananas, coffee, and palm oil exported to the EU, according to three indicators, the volume of production, exports share, and trade value, from 2008 until 2019, identifying the trends before and after the implementation of the free trade agreement. Finally, with the coefficient correlation, determine the agricultural commodity that has the strongest and positive relationship with the total agricultural exports value from Colombia to the European Union.
Open Access: Yes
Exchange rate impacts on international trade
Publication Name: Economic Annals Xxi
Publication Date: 2021-07-10
Volume: 190
Issue: 5
Page Range: 12-22
Description:
As international trade activities are increased, there are more regulative practices which might be barriers to trade. One of such hindrances is exchange rate volatility that afects trade activities both directly and indirectly. Exchange rate volatility of currencies can afect the trade engagements and as well as the trade balance of a country. One of the implications of the study is that the impacts of monetary policy changes on trade activities can be noticed signifcantly in the long-term. While impacts on export levels are usually immediate, import levels are changed in long-run. The research analyzes the correlation between infation and devaluation and clearly states their impacts on trade balance. The case study about devaluation of the currency of Azerbaian elaborates the impacts of currency volatility on exports which is illustrated and analyzed in this research. Moreover, infation and devaluation correlations and their impacts on import level of a country are studied through correlation and multiple regression analyses based on the data exported from OECD and World Bank. The results conclude that exchange rate volatility signifcantly impacts the trade balance in terms of imports and exports. Given the results, exchange rate is a non-trade barrier and afects foreign trade.
Open Access: Yes
DOI: 10.21003/EA.V190-02
A New Strategic Marketing Management Model for the Specificities of E-Commerce in the Supply Chain
Publication Name: Journal of Theoretical and Applied Electronic Commerce Research
Publication Date: 2021-07-01
Volume: 16
Issue: 4
Page Range: 1136-1149
Description:
The study seeks to answer the question of what strategic directions and opportunities we have for business in the midst of the info-communication changes of our time. In this research, we compare the results of non-representative primary research (cluster analysis and discriminant analysis) with the factors and latest methods of e-commerce or even mobile commerce and traditional commerce and their main differences. Based on the four clusters examined, we develop a new strategic model for practice with suggestions which can be used by small and medium-sized enterprises (SMEs) and which they can incorporate directly into their business models. Starting point of our hypothesis was that in order to develop an effective and delivered communication, a market needs to be targeted and at least four different clusters should be formulated.
Open Access: Yes
Reviving an unpopular tourism destination through the placemaking approach: Case study of Ngawen temple, Indonesia
Publication Name: Sustainability Switzerland
Publication Date: 2021-06-02
Volume: 13
Issue: 12
Page Range: Unknown
Description:
Changes in tourists’ behavior in recent times have been considered a driving force for emphasizing the importance of unpopular tourism destinations as one of the key potentials in the tourism industry in any nation. On the road to reviving unpopular tourism destinations, this study aims to identify the potential tourism aspect and development of the Ngawen Temple in Indonesia. This research applies the placemaking approach as the main strategy for resurrecting Ngawen Temple. By using visitor surveys, visitor flows, and community surveys, this research obtains a clearer assessment for determining the planning development of Ngawen Temple. The research results revealed that unpopular destinations still have the potential to be developed and bring more benefits to the local economy by conducting a comprehensive placemaking approach. Accordingly, possible strategies based on various literature and field observations can provide clues to stakeholders on how to use their tourism assets to improve local communities’ economies. Some of the most frequently proposed strategies are the following: link the unpopular destination with other popular ones through structured tourism trips; design a “tourist trap,” which is a created place to hold tourists longer in a destination using new additional facilities; improve the infrastructure; and establish more creative tourism spaces, such as tourism centers.
Open Access: Yes
DOI: 10.3390/su13126704
Introducing the EPP house (topological space) method to solve MRP problems
Publication Name: Plos One
Publication Date: 2021-06-01
Volume: 16
Issue: 6 June
Page Range: Unknown
Description:
The problem of product and process planning analysed so far is how we can take advantage of our strategy in planning. Among the principles of manufacturing and service management concepts is that after planning demand, planning transformation is one of the key steps of integrated efficiency; it makes it possible to save costs that are not value adding and are not necessary from the customer's point of view. Currently, the methods of material requirements and capacity planning can be seen as classic solutions that are based on dependency relations between different resources, which can be dynamic in space and time. Measuring and recording capacities raise several problems in addition to the fact that our planning methods are not always satisfying. In the literature, the methods of material requirements planning or manufacturing resource planning (MRP) are not typically optimization methods, so they do not guarantee the best solution, and even if our planning methods were satisfying, several manufacturing restrictions (the time allowed, the complexity of the planning process, the lack of testing opportunities, etc.) could prevent us from reaching satisfying application. It is necessary to create a simple planning algorithm that can give the planner a greater degree of freedom and that would be simple and algorithmic in order to maintain continuous conscious control, putting an end to planning uncertainty and leading us to the best solution under the given conditions. The aim of our research is to introduce a novel, simple planning algorithm, similar to heuristic methods that eliminates the problem of defining the order quantity when applying traditional methods, which prevents us from determining in advance which method is desirable (causing unnecessary planning steps); computer- based solutions hide the causal relations of the methodology from the planner (causing unreliability uncertainty).
Open Access: Yes
A Comparative Analysis of the Debt Dynamics of Municipalities and their Municipally Owned Corporations in the EU Member States with a Special Focus on Hungary
Publication Name: Romanian Journal of European Affairs
Publication Date: 2021-06-01
Volume: 21
Issue: 1
Page Range: 134-153
Description:
The study examines the liabilities as a share of the GDP of the municipal subsystems of public finances and the organisations owned by them in EU Member States between 2013 and 2018. The main goal of the current study is to characterise the EU Member States regarding the examined two areas. Additionally, we analysed the connections between the entities’ liabilities, used statistical methods to compare the respective values and to examine the impacts of the local government system models and the geopolitical location on debt. There were three hypotheses formulated during the research, all of which were confirmed. A statistical connection can be perceived between the two areas of economic management of the local system, and it has also been established that the liabilities as a percentage of the GDP of local government owned corporations are significant, particularly in Scandinavian countries and Germany. At the same time, however, it has to be noted that the results of the theoretical division and the statistical analyses differ from each other. At the end of the study, we used a case study to examine how the two areas developed over time and how the regulatory environment affected debt value. In addition, we also considered the debt dynamics of municipalities and their business organisations, subject to a comprehensive fiscal reform after 2010, which represents another unique element of this study.
Open Access: Yes
DOI: DOI not available
CSR and workplace autonomy as enablers of workplace innovation in SMEs through employees: Extending the boundary conditions of self-determination theory
Publication Name: Sustainability Switzerland
Publication Date: 2021-06-01
Volume: 13
Issue: 11
Page Range: Unknown
Description:
The current business environment characterized by high uncertainty, volatility, and stiff situation of competitiveness that is evident in almost every sector has increased the importance of workplace innovation for contemporary businesses. In this regard, a considerable attention in realizing employees of an organization as a source of innovation is not evident from the existing literature. In this aspect, the current study is an attempt to foster workplace innovation through employees in the SME sector of an emerging economy. In doing so, the authors propose that corporate social responsibility (CSR) initiatives of an SME, along with workplace autonomy, are helpful in creating an environment at the workplace that fosters innovative employee behavior (IEB). Furthermore, the current study also extends the boundary condition of the theory of self-determination by arguing that this theory provides a comprehensive framework to explain employees’ motivation for workplace innovation. The data of the current survey was obtained from the SME sector situated in two large cities of a developing country through a self-administered questionnaire which was then analyzed through structural-equation-modeling (SEM) using the AMOS software. The results confirmed that CSR directly relates to IEB and workplace autonomy mediates this relationship. The study also discusses the implications of this survey for theory and practice.
Open Access: Yes
DOI: 10.3390/su13116104
Analysis of cross-border commuters’ spatial mobility between western regions of Hungary and Slovakia
Publication Name: Geographia Technica
Publication Date: 2021-03-01
Volume: 16
Issue: 1
Page Range: 128-140
Description:
Commuting, defined as daily traveling for employment purposes, has gradually grown in importance in the past decades in Eastern European countries. According to Eurostat, although the freedom of movement may have encouraged cross-border commuting in the EU, it accounted just for 0.9% of the EU-28 workforce. Between the highest number of cross-border commuters, we can find Slovakian (147 thousand), and Hungarian (111 thousand) workers. We chose this topic because there has been a significant increase in the willingness to commute for economic reasons in recent years, and we want to explore the reasons of this. In the case of both examined countries, the inhabitants of the western regions are characterized by high willingness for cross-border commuting. Due to this reason, in own research, we conducted a questionnaire survey in the western regions of Hungary and Slovakia. The results indicate that there are similarities between Hungarian and Slovakian commuters. The regression analysis clearly showed that commuter satisfaction is most affected by the variety of jobs offered and the level of wages.
Open Access: Yes
The impact of covid-19 on the economy and sustainable e-commerce
Publication Name: Forum Scientiae Oeconomia
Publication Date: 2021-01-01
Volume: 9
Issue: 2
Page Range: 47-72
Description:
This study aims to examine the impact of COVID-19 and sustainable e-commerce in Hungary and Kenya. COVID-19 has devastated the global economy, resulting in financial and job losses. Routine changes in spending have moved the focus from non-essential to essential items, due to the impact of COVID-19, the associated economic meltdown, and the deterioration of people’s physical and mental health. However, e-commerce can be a better option to stop the spread of COVID-19 due to its real benefits and usefulness in solving the challenges faced. The methodology used in this paper is the collection of primary data from an online survey questionnaire, and secondary data from several databases,e.g.,the World Health Organisation (WHO) and Johns Hop-kins Centre websites. The results show the negative impact of COVID-19 on society and the economy, as well as the positive and significant effects ofthe growth of e-commerce during COVID-19, where most of the goods being purchased are medical supplies: masks, medicines, and food. This has been made possibleby the rise of e-commerce platforms as a link in sustainable e-commerce after the significant disruption to the worldwide supply chain due to total lockdown. E-commerce has shown growth during the COVID-19 pandemic period as a sustainable platform. In conclusion, this study proposes policies that support e-commerce in developing countries during and after COVID-19. Furthermore, theoretical, and managerial implications are proposed in the study. It is high time to warn businesses to adopt information and communications technology (ICT) to flourish and thrive during times of financial and economic hardship, such as the use of e-commerce with the right policies enacted to support sustainable e-commerce.
Open Access: Yes
Hungarian experiences of the transition from traditional work to telework1
Publication Name: Transformations in Business and Economics
Publication Date: 2021-01-01
Volume: 20
Issue: 3
Page Range: 168-182
Description:
The global outbreak of the COVID-19 epidemic has radically transformed people’s daily lives since the spring of 2020. In addition to the direct health consequences of the virus, the epidemic has had a significant impact on the functioning of society, people’s lifestyles and has also had a fundamental impact on the world of work. The year 2020 marked a breakthrough in the spread of telework and “home office” work in Hungary, as this form of work was one of the necessary tools in the fight against the COVID-19 epidemic in order to reduce the number of personal contacts. Both employers and the masses of employees were able to experience the pros and cons of this. This period can be therefore considered as the main challenge of teleworking and working from home, which is undoubtedly caused by the COVID-19 epidemic. The research aims to answer the question of the impact of telework on the daily lives of Hungarian workers. In international comparison, the proportion of teleworkers in Hungary was low before the pandemic. As a result, a great many have experienced a drastic transition from traditional work to teleworking. The given questionnaire survey also confirmed that a significant proportion of employees had difficulties with teleworking at the beginning of the transition. These difficulties were mainly due to the fact that they were not technically prepared and that their daily routine, which they had become accustomed to in their traditional work, had been changed.
Open Access: Yes
DOI: DOI not available
Impact of financial technologies on economic development: Theories, methods and analysis
Publication Name: Journal of International Studies
Publication Date: 2021-01-01
Volume: 14
Issue: 4
Page Range: 286-303
Description:
This research focuses on an analytical review of the scientific literature to select appropriate methods and evaluate the impact of financial technologies on economic growth. Since non-cash payments can be affected by various factors, there is a great variety of studies relating to them in the scientific literature. However, existing scientific papers reflecting on the economic growth and non-cash payments do not determine the cause-effect relationship trends in different periods. Current study intends to fill this gap. Using an original method based on correlation analysis, the relationship of indicators in different periods is calculated with the use of the SPSS software. The data is collected for period of 2004-2019, during which the reviewed countries were actively developing and increasing their financial and technological capacities. Analysis results largely indicate an increase in the number of bank branches in many of the reviewed countries. Further, we consider the correlation between economic growth (expressed by indicators such as GDP), financial technologies (number of ATMs, user access to internet, and number of users of mobile communications) and gender indicators. The conclusions show a correlation between economic growth and financial technologies.
Open Access: Yes
The impact of migration of highly skilled workers on the country’s competitiveness and economic growth
Publication Name: Montenegrin Journal of Economics
Publication Date: 2021-01-01
Volume: 17
Issue: 3
Page Range: 7-19
Description:
The links between the migration of highly skilled workers and economic growth (in terms of GNI per capita) and the competitiveness of countries have been studied. The study is based on statistics from developed countries and using correlation-regression analysis and modelling, as well as cluster analysis using the package of processing and analysis of statistical information STATISTICA. The analysis found that the immigration of workers with higher education has a significant impact on strengthening the competitiveness and economic development of countries – this is confirmed by the impact of talent migration, which is assessed by the values of case studies (‘The Human Flight and Brain Drain’ sub-index Fragile States Index and ‘Brain gain’ sub-index’ in the Global Talent Competitiveness Index and ‘Highly educated workers’ sub-index in the OECD indicators of talent attractiveness). Their impact on macroeconomic indicators is higher compared to the links with social development indicators. Of course, this does not mean that such links should not be seen as important in public economic development management, as they illustrate the level of efficiency achieved in creating favourable conditions for realizing the potential of highly skilled workers, including pull-factors for their immigration. But in the macroeconomic management of a competitive economy, according to our research, actions aimed at attracting highly skilled migrants have the most significant and obvious impact. Other links can be taken into account and used in modelling for the development of institutional support for proactive migration policy for highly qualified workers.
Open Access: Yes
The European Union Strategy on Central Asia: out of game?
Publication Name: Romanian Journal of European Affairs
Publication Date: 2020-12-01
Volume: 20
Issue: 2
Page Range: 121-130
Description:
The Council of the European Union adopted in June 2019 its new EU Strategy on Central Asia. Besides the Eastern Partnership, the Central-Asian region is one of the most relevant areas for the EU, so determining and shaping its development priorities were of paramount importance. In this study, based on the developments and feedbacks in recent months, I would like to demonstrate how the weak EU image due to this document will be strengthened and why it is not suitable for reaching the goals which are probably even not existing. My hypotheses are: 1) in fact, the EU does not have any clear and real strategy focusing on Central Asia, 2) the EU is losing out on the game of big and middle powers interested in the region, 3) the EU cannot exploit the economic potentials of the region.
Open Access: Yes
DOI: DOI not available
The regional and geographical aspects of food security: A spatial analysis in the case of Azerbaijan, Hungary, Austria, Singapore and Georgia
Publication Name: Geographia Technica
Publication Date: 2020-10-01
Volume: 15
Issue: 2
Page Range: 161-170
Description:
Achieving food security is crucial, and a primary development goal world-wide. However, there is a difficulty in finding reliable data on the topic, which raised a problem for policymakers and researchers as well. Therefore, the present study aimed to fill in this gap by examining the dynamics of regional food security. The main research objective was to identify the determinants of food security in Azerbaijan, Singapore, Austria, Georgia and Hungary. Furthermore, a specific objective was to investigate the short- and long-term impacts of both endogenous and exogenous shocks on the food security of the selected countries. The study collected large scale panel dataset between 1992 and 2019. The empirical model suggested that food import, foreign direct investment, inflation, annual per capita income and Human Development Index had a positive, while the flow of food export had an adverse impact on the food security status of the selected countries. The study recommended to the governments of selected countries and to developmental organisations to achieve national food security through indigenous agricultural interventions along with supporting domestic growers by investing in agricultural education, skill development and infrastructure programs.
Open Access: Yes
Taxonomic analysis of the diversity in the level of wind energy development in european union countries
Publication Name: Energies
Publication Date: 2020-09-01
Volume: 13
Issue: 17
Page Range: Unknown
Description:
In this paper, the development of the wind energy sector in 28 European Union countries in 2017 is described. By means of taxonomic methods-i.e., Ward's method and the Wroclaw taxonomic methods-clusters of countries similar in terms of their potential and level of development of the wind energy sector in the EU are distinguished. The main purpose of the paper is to separate and cluster EU countries due to the current development potential of the wind energy sector and determinants stimulating the development of this sector. By means of the ranking methods of linear ordering (Technique for Order of Preference by Similarity to Ideal Solution-TOPSIS method), a ranking of EU countries that defines their position in the development of this very important wind energy sector was determined. The results show that the research hypothesis of a great diversity of EU countries considering the development potential of the wind energy sector is justified. The countries of the former European Union, which have focused for a long time on the development of wind energy in their energy policy and have had favorable climate and natural conditions, as well as a large social acceptance of programs supporting the acquisition of energy from renewable sources, have primacy in the development ranking of the energy sector. Additionally, new members of the union, in spite of some delays associated with the development of "green"energy, are trying to increase their energy potential in this area. The research may be extended to include further analyses regarding other renewable energy sources and take into account other European and world countries.
Open Access: Yes
DOI: 10.3390/en13174371
The concept of labour migration from the perspective of Central and Eastern Europe
Publication Name: Economics and Sociology
Publication Date: 2020-01-01
Volume: 13
Issue: 1
Page Range: 197-216
Description:
The present paper overviews academic literature and statistics related to labour migration in part where it concerns Central and Eastern Europe (CEE), with special attention paid to Hungary. It aims to discover the main notions and results of European migration along with potential future trends. The paper, inter alia, focuses on the changing characteristics of host countries’ labour markets and demographic profiles. It has found that CEE’s involvement in intercontinental migration is expected to continue, and is driven by demographic and economic catalysts. Therefore, to address all related issues and map trends, not only an economic perspective is required. The conclusion is that preparation for integration of the newly arrived labour force is a permanent ongoing task for all employers and policymakers, as well as for the entire society.
Open Access: Yes
Attitudes of z generation to job searching through social media
Publication Name: Economics and Sociology
Publication Date: 2020-01-01
Volume: 13
Issue: 4
Page Range: 227-240
Description:
Social media is a relatively new player in the online labour market, with an increasingly important role among the younger generation. The aim of this research was to assess the job search habits and opinions of young people, particularly university students. The survey was conducted on the students in Austria and Hungary via e-mail and social media in March 2020. In analysing the results, we look at what today's younger generation is focusing on when looking for a job, and how companies adapt to the new situation that has been brought about by the widespread use of social media. The purpose of this study is to examine the trends in online job search among “Generation Z”. As the survey shows, Generation Z prefers online job search over older methods just as they spend a huge portion of their free time on social media platforms. The data shows that while traditional types of recruitment such as newspaper advertising are on the decline, the function of social media is no longer simply immersed in entertainment and chat, but also spread actively on recruitment and human resources management.
Open Access: Yes
Certain regulatory and efficiency issues of public utility companies in Budapest
Publication Name: Public and Municipal Finance
Publication Date: 2020-01-01
Volume: 9
Issue: 1
Page Range: 14-24
Description:
Capital cities of the world are usually characterized by a concentration of the majority of the population and most of the public administration and economic life. Therefore, the efficiency and quality of public service delivery in their administrative territories make a difference. The study examines public service companies in Budapest, Hungary's capital, with the focus on their sectors of activity to describe their system, which may provide good foundations for a prospective international comparison. This study explores sector-oriented reports of state- and municipally-owned public utility companies providing services within the administrative territory of Budapest and evaluates them in terms of total assets, finance, profitability and efficiency. The study looked for an answer to the question of how the tighter state regulation and control adopted after 2010 affected their management, and what influence the price regulation of consumer public utility charges, imposed since 2013, had on companies' activities.
Open Access: Yes
Foreign direct investment in the republic of serbia: Correlation between foreign direct investments and the selected economic variables
Publication Name: Journal of International Studies
Publication Date: 2020-01-01
Volume: 13
Issue: 1
Page Range: 170-183
Description:
Foreign Direct Investment (FDI) in the theory of economic thought is considered to be an important factor for country’s growth and development. By encouraging multinational corporations to invest, host countries hope to generate spillovers because FDI transfer intangible assets to the affiliate, which may then diffuse to local firms. Serbia is integrating into European economic space with a significant delay. Despite a thunderous decade of wars and ethnic tussle, late transition and financial crisis, Serbia has experienced significant FDI inflows in the last decade, mainly because of the improved policies attracting foreign investors. The aim of this paper is to analyze the correlation and significant degree to which the examined variables are associated with each other. The economic variables cover 12 years (2007-2018). The main focus is on those variables that are considerably influencing changes and impact on FDI in Serbia. The study uses SPSS to analyse the correlations among the selected eight socioeconomic variables. The examined variables are: industrial growth, unemployment rate, employment from age 15 to 65, foreign trade balance, FDI inflows, FDI outflows, GDP growth, and the share of value added products in the exports. For this analysis the data from the Statistical Office or the Republic of Serbia, the National Bank of Serbia and the Ministry of Finance has been used. There is a very weak correlation between FDI inflows and the unemployment rate. Also, our results suggest there is a very weak correlation between FDI inflows and increased GDP growth. The GDP growth has strong correlations with the industry growth, FDI inflow and FDI outflow.
Open Access: Yes
The assessment of financial risks of municipally owned public utility companies in hungary between 2009 and 2018
Publication Name: Montenegrin Journal of Economics
Publication Date: 2020-01-01
Volume: 16
Issue: 4
Page Range: 29-41
Description:
The aim of this study is to assess the financial risks, as interpreted by us, of Hungarian corporations fully owned by municipalities across a national dimension after the global economic crisis broken out in 2008. In this study, financial risk was measured by profitability, liquidity and the equity ratio. We were seeking an answer to the question as to how more stringent state controls had influenced the companies’ ability to provide public services and their financial situation behind in a more robust public financial regulatory and control environment created in Hungary after 2010, that is, how the going concern principle of accounting had been implemented. Indirectly, we were also seeking an answer to the question as to how operational risks had been affected by the “breaking” effect on net income exerted by the administrative price regulation (reduction of utility costs on the consumers’ side) imposed on the services of public utility companies in 2013 (as part of the public finance re-form introduced in 2010), that is, whether a more robust regulatory environment of public finances compelled the promotion of corporate efficiency. With the complex (and inter-related) methodology of the assessments carried out, we could establish that financial risks improved, but we propose even stricter controls due the economic shock caused by the COVID-19 pandemic. Our research results present a comprehensive situational picture of municipally owned companies providing public services in an emerging market economy, which can be compared with the data of other countries as well.
Open Access: Yes
Innovative solutions in the development of households’ financial awareness: A hungarian example
Publication Name: Economics and Sociology
Publication Date: 2020-01-01
Volume: 13
Issue: 3
Page Range: 27-45
Description:
Financial crises put stress on the society of the country of our investigation, whose financial vulnerability is raising from high indebtedness, a history of defaulted loans, and an insufficient level of financial literacy. In this context, financial awareness has been recognised as a means for decreasing households’ exposure to financial difficulties, bridging crisis periods with the substantial precautionary holding of liquid assets, and improving their well-being over longer periods of time. Raising financial awareness is a crucial policy aim, and has been investigated in this study as well. A questionnaire survey was completed by Hungarian university students across different majors, to assess the financial literacy level of the responders from their own perspective. In addition to this, we have investigated their e-banking habits. According to our findings, different student groups (clusters) have been identified by means of Ward analysis (where the significance of clusters were tested by ANOVA). Our results confirm that across all clusters the university students place their trust in non-governmental organisations and central bank foundations rather than those of the financial institutions in evolving financial literacy. This outcome of our study may provide an argument for designing policy incentives for raising financial awareness in an institutionalised way, relying on the role of the privately funded NGOs and on the central bank.
Open Access: Yes
Relationships between cycle theories, sustainable tourism, and the effects of the COVID-19 in Hungary
Publication Name: Economic Annals Xxi
Publication Date: 2020-01-01
Volume: 185
Issue: 9-10
Page Range: 79-90
Description:
Examining cycle theories calls our attention to the fact that tourism will be described by descending and ascending curves within certain periods in the future. According to cycle theories, the downturn in the tourism industry will continue from four to five years. According to the study conducted by the authors, domestic tourism will become more intensive, trips will have spatial limitations, the length of stay will increase, and cars will be the most popular means of transport. As part of the research, the authors surveyed 230 respondents concerning tourism activities. An in-depth interview was carried out with Zoltán Somogyi, a former Deputy Secretary General of the UNWTO, about the possibilities of solving the effects of COVID-19. To address COVID-19 challenges, the Hungarian government is required to make quick decisions. Demand needs to be diversified, and new sustainable tourism products need to be introduced. Visits to Hungary should be extended in space and time, and an interest in domestic tourists in the state should be increased by implementing strong marketing. More serious regulations should be adopted with the participation of local entrepreneurs; more consideration should be given to contactless technologies. In the post-COVID-19 period, the overtourism in Hungary should be replaced by sustainable and creative tourism.
Open Access: Yes
DOI: 10.21003/EA.V185-08
New dimensions of internal controls in banking after the GFC
Publication Name: Economic Annals Xxi
Publication Date: 2019-08-20
Volume: 176
Issue: 3-4
Page Range: 38-48
Description:
The weakness of the control function of governments and central banks was the main regulatory cause of the global financial crisis (GFC) broke out in 2007, but the suboptimal regulatory environment «corrupted» the quality of internal control and audit of banks as well. After the crisis, corporate governance issues appeared in the focus of international organizations. In this paper, we present the relevant international recommendations aimed at improvement of the weak corporate governance practices of the banking sector. Based on the comparison of pre- and post-crisis internal control functionalities which are presented as a meta-analysis and a systematic review of the existing empirical researches, the authors conclude that the stricter guidelines could and can have a positive impact on banks' operations stabilizing through the strengthening of internal control practices.
Open Access: Yes
DOI: 10.21003/ea.V176-04
Fiscal council: European model or new global standard?
Publication Name: Journal of International Studies
Publication Date: 2019-01-01
Volume: 12
Issue: 4
Page Range: 32-51
Description:
The great recession of 2008 caused fiscal crises in several countries. This phenomenon highlighted the relevance of the problem of fiscal alcoholism and excessive sovereign debt. Nowadays rules-based fiscal policies have become more and more widespread to limit indebtedness. This article explores one of the most important elements of rules-based systems: the fiscal council. The key question imposed was: is it mostly a European phenomenon, or rather a global standard? As a method, we employed descriptive statistics, then a hierarchical cluster analysis, based on the data of the IMF Fiscal Council Dataset. In conclusion, two separated groups were formed: an EU and a non-EU cluster with some outliers, thus our working hypothesis was underpinned. Our results have thus contributed to the literature and advanced the case that in the last ten years the increased number of fiscal councils can be attributed to international (European) regulations or internal political issues rather than actual enhancements of fiscal prudence.
Open Access: Yes
Comparative analysis of the process for compliance with the European Charter of Local Self-Government in The Czech Republic, Hungary and Slovakia - with special emphasis on economic conditions and Hungarian atypical features
Publication Name: Economic Annals Xxi
Publication Date: 2018-12-24
Volume: 173
Issue: 9-10
Page Range: 10-18
Description:
The aim of this paper is to analyse legal and financial dynamics of the self-governance in three countries of the Visegrad Group: The Czech Republic, Hungary and Slovakia. The paper explores compliance with the European Charter of Local Self-Government, financial independence and operational features of self-governance. The paper provides an overview of the regulatory environment that was set up for the local government in the Visegrad countries, examines the powers by local government, and the degree of its financial independence. The financial aspects of self-government are compared, and compliance with major fiscal rules is examined.
Open Access: Yes
DOI: 10.21003/ea.V173-02
Integral assessment of the sustainable development of agriculture in Ukraine
Publication Name: Economic Annals Xxi
Publication Date: 2018-09-03
Volume: 170
Issue: 3-4
Page Range: 15-21
Description:
Introduction. An integrated assessment of the accounting and analytical supplying indicators for the sustainable development of agricultural enterprises is the basis and starting point for the development of methodical and methodological background for the compilation of non-financial or expanded financial reports supplemented by social and environmental data of agricultural enterprises' external and internal activities. The purpose of the article is to develop a cross-functional procedure for the integrated assessment of accounting indicators and analytical support of the sustainable development of agriculture at the micro and macro levels. Methods. As a methodological basis of the study, the authors use the provisions of the statistical and structural system along with comparative analysis, as well as theories of agriculture growth. Results. The need to use componential methodology for managing agricultural sustainable development is emphasised in the article. The relevant indicators are obtained in accordance with clear economic, environmental and social objectives and realistic requirements for data collection and calculations. After a detailed study of the methods for assessing the sustainable development of agriculture, we propose a diagnostic technique based on two methods. The first method involves the quantitative parameters of the development index and scores of economic, environmental and social factors. The second is based on the intuitive approach, in the situation where it is impossible to take into account impacts of many factors due to object complications, including social indicators of sustainable development. The authors of the article propose a number of indicators characterising the economic, ecological and social component of the management system for a comprehensive calculation of the agriculture sustainable development integral index. Conclusions. The results of our analysis allow elucidating the advantages of the method of indicator standardisation for the integral indicator of agriculture sustainable development. The choice and justification of the indicators to characterise certain elements of sustainable development, i.e. economic, social and environmental elements, is the basis for an integral assessment of the level of sustainable development of agriculture in Ukraine. The importance of this method lies in its simplicity, unification, harmonisation and universality, which is achieved by using two completely different levels and objects of research: for the local level - the level of agricultural enterprises, and the unrestricted level, which is the level of the district, region or country. The purpose of the developed methodology is to determine the integral indicator of agricultural sustainable development without attracting additional knowledge and skills from the researcher in the presence of the necessary primary data. The calculations show that Ukraine there are three relevant groups in Ukraine: most regions of Ukraine have a medium level of the integral indicator of agriculture sustainable development; three regions in the western part of Ukraine (Ivano-Frankivsk, Chernivtsi, Zakarpattia) have a low level, while a capital Kyiv region has a level which is higher than the average level.
Open Access: Yes
DOI: 10.21003/ea.V170-03
Environmental activities of agricultural enterprises: Accounting and analytical support
Publication Name: Economic Annals Xxi
Publication Date: 2018-07-19
Volume: 169
Issue: 1-2
Page Range: 77-83
Description:
The article outlines the causes of the ecological crisis in Ukraine and various factors affecting the natural environment, such as air pollution, depletion and degradation of land resources, exhaustion of forest and water resources, caused by agricultural production. Thus, in Ukraine, as of 1 January 2018, more than 1.1 million hectares of degraded, unproductive and technogenically contaminated lands counted to expand, and there were 315.6 thousand hectares of unproductive lands that needed improvement; 57% of the territory of the country was affected by wind and water erosion, about 12% were flooded lands and 20% more - polluted lands. The authors detail the consequences of the impact of agricultural activities on the environment. It is necessary to reflect environmental activities in accounting, including environmental assets (natural resource potential, production waste, non-current assets of environmental protection purposes), liabilities (environmental liabilities) and results of activities (environmental incomes, environmental expenses, financial results from environmental activities). The components of natural resource potential, which are to be reflected in the accounting system, are determined. The authors of the research provide an analytical estimation of the state, structure and changes of land resources in Ukraine and define the degree of compatibility between the modern system of agriculture and new environmental and technological requirements. The article discusses normative and legal provisions concerning land protection in Ukraine, as well as normative legal acts on ecologisation of agriculture. The tendency of the recent years shows that the mechanism of combining measures of financial incentives and legal responsibility in the field of land protection, as well as the establishment of legally determined environmental restrictions in land use by means of land management, remains insufficient in terms of optimising the use and protection of land in Ukraine. The study covers the main problem aspects of the land use in Ukraine. Analytical data describing the anti-desertification measures planned until 2030, as well as measures for the restoration of degraded lands and soils, including lands affected by desertification, droughts and floods, are presented. The need to reflect the costs of implementing measures to protect and restore the natural resource potential (including land resources) is emphasised. The authors generalise the information on three groups of accounting objects in terms of the use of agricultural land: objects affecting the qualitative condition (natural fertility) of land, objects representing land capital with a certain level of natural fertility which are at the disposal of enterprises, and objects that depend on the type of agricultural lands and their natural fertility. It is suggested to generalise the information on the objects of ecological accounting in the form of the Environmental Activity Report, which will increase the effectiveness of the managerial decisions on the environment at micro- and macro-levels.
Open Access: Yes
DOI: 10.21003/ea.V169-15
CONTRIBUTION OF MODERN INDUSTRIAL REVOLUTIONS TO SECURING SOCIO-ECONOMIC SYSTEMS DURING THE WAR AGAINST UKRAINE
Publication Name: Problems and Perspectives in Management
Publication Date: 2025-01-01
Volume: 23
Issue: 2
Page Range: 921-937
Description:
The modern industrial revolutions have significantly influenced social and political landscapes, prompting critical inquiries into the security and integrity of socio-economic systems, particularly in the context of military confrontation. This paper investigates the role of disruptive technologies associated with Industries 3.0, 4.0, and 5.0 in safeguarding socio-economic systems amid the ongoing russian war against Ukraine. The paper highlights how modern technologies have bolstered system resilience and adaptability by examining progress in green energy, transport transition, and the development of digital infrastructure and services before the war. Green energy and transport technologies have been instrumental in decentralization, energy networking, compensating for energy losses, and mitigating disruptions caused by the war. The proliferation of electric vehicles and the expansion of charging infrastructure have significantly reduced the potential impact of aggression, facilitating evacuations and supporting essential services during fuel shortages. Digital technologies have played a crucial role in ensuring continued access to education, employment, and communication, thereby strengthening societal resilience and reinforcing human capital, a key factor in socio-economic system security. This marks a shift from a technocratic to a system-synergistic, human-centered security model, where human capital becomes a core determinant of resilience, and technologies evolve from mere tools into integral elements of a sustainable socio-economic structure. Nevertheless, challenges related to technological dependencies, such as supply chain vulnerabilities and cyber threats, require further investigation in future research.
Open Access: Yes
Influencing Factors of International Trade in Food Resources: Land, Economic, and Social Features
Publication Name: Land Degradation and Development
Publication Date: 2025-01-01
Volume: Unknown
Issue: Unknown
Page Range: Unknown
Description:
International food resource trade serves as a critical mechanism for ensuring global food security and promoting worldwide economic development, which involves multidimensional interactions spanning land, economic, and social factors. Utilizing panel data from 40 countries (2003–2023), this study establishes an evaluation index system for international food resource trade based on agricultural endowments, economic development, and geographic characteristics. QAP analysis was employed to systematically investigate the primary influencing factors of international food resource trade. Results indicate that per capita arable land area, national GDP, trade structure, and legal safeguards exert sustained and significantly positive effects on international food resource trade. Geographical distance between countries and population size demonstrates statistically insignificant impacts. Policy regimes—particularly disparities and uncertainties in tariff rates—impede international food resource trade. In conclusion, countries should strengthen cooperation to refine trade policies and legal frameworks through strategic alignment of food resource trade. Proactively establishing international food trade platforms will enhance the efficient allocation of global food resources and facilitate collective responses to global food security challenges.
Open Access: Yes
DOI: 10.1002/ldr.70235
Unveiling the Strategic Significance of the Middle Corridor in Global Trade and Geopolitical Dynamics
Publication Name: Economy Strategy and Practice
Publication Date: 2024-01-01
Volume: 19
Issue: 2
Page Range: 70-83
Description:
This study aims to elucidate the role of the Middle Corridor, also known as the Trans-Caspian International Transport Route (TITR), in diversifying global trade routes and enhancing economic resilience amid geopolitical tensions. The paper examines the corridor’s impact on the economic and strategic interests of the countries it traverses, particularly Kazakhstan, Azerbaijan, Turkey, and the European Union. The analysis employs a multidimensional approach that includes historical context analysis, comparative route analysis, geographic information system mapping, and statistical analysis. Data were collected from various sources, including the World Bank, the International Trade Centre, and trade and economic policy reports from Kazakhstan, Azerbaijan, Turkey, and the European Union databases. Based on the methods used, the study compares the Middle Corridor with traditional trade routes such as the Northern Sea Route and the Suez Canal, highlighting its advantages and potential limitations. The Middle Corridor has emerged as a vital alternative, offering reduced transit times and enhanced trade security between Asia and Europe. The corridor has experienced a significant increase in cargo volume, reflecting its growing importance in international trade. Furthermore, the Middle Corridor contributes to the participating countries’ economic diversification and energy security, facilitating the movement of energy resources and other goods. The analysis revealed challenges such as political instability and infrastructural needs that could hinder the full potential of the Middle Corridor. Ultimately, the study underscores the strategic significance of the Trans-Caspian Route and the Zangezur Corridor in diversifying global trade routes and strengthening economic resilience in geopolitical tensions.
Open Access: Yes
Analysis Of The Dynamics Of Cashless Payments In Kazakhstan In The Context Of The Covid-19 Pandemic
Publication Name: Economy Strategy and Practice
Publication Date: 2021-01-01
Volume: 16
Issue: 2
Page Range: 54-61
Description:
The COVID-19 pandemic has accelerated the development of FinTech and the transition to cashless payments of the population of various countries, including Kazakhstan. For provision of cashless payments there are created platforms which work in NFC & MFS systems, they protected by security protocols (Secure Element (SE)) and allow to store confidential user data. Changes in the business model of banks have led to the emergence of a new format of banking products and services that can be used through smartphones (the main operating systems Android and iOS). The goal of the study is to analyze the dynamics of the impact of the COVID-19 pandemic on the use of cashless payments through national payment systems in Kazakhstan. Based on the goal, a null and an alternative hypothesis were set, of which the second was confirmed in the result. Research methods used to write this article are economic and statistical analysis and synthesis, graphical method, analysis of the series of dynamics. The data for the study was taken from the NBK Statistical Bulletin: data on cashless payments through the Interbank System of Money Transfer (ISMT) and the Interbank Clearing System (ICS) for the period from 2002 to 2020. The impact of the COVID-19 pandemic on the dynamics of the transformation of cashless payments made by using financial technologies has been proved. Recommendations for further improvement of the financial system are given. The development of national payment systems makes it possible to reduce the level of fraud in the financial sector, to increase the speed of cashless transfers and level out transaction errors. Study limitation: only national payment systems ISMT and ICS were used.
Open Access: Yes
The Use Of Payment Cards In Kazakhstan: Analysis And Forecast
Publication Name: Economy Strategy and Practice
Publication Date: 2021-01-01
Volume: 16
Issue: 3
Page Range: 106-116
Description:
The aim of the study is to analyze and forecast the use of payment cards for making non-cash payments through national payment systems in Kazakhstan. Based on this goal, a hypothesis was put forward that in Kazakhstan, there is a relationship between the number of payment cards and the volume of non-cash payments. This hypothesis was confirmed because of the study. The information base of the study was the data on payment cards, which were taken from the Statistical Bulletin of the National Bank of the Republic of Kazakhstan. Hypothesis testing was carried out using correlation analysis for three periods: 2009, 2016, 2020. The method of finding Pearson’s correlation in the SPSS program was used. The results showed a downward change in the relationship between the selected indicators and the amount of funds transferred over time. Also, in this study, a forecast was made for 2021-2023 for the indicators under consideration. To make a forecast for the indicators under consideration, a graphical method (polynomial trend line) was used. The resulting forecast shows the growth of cardholders and, consequently, the spread of the number of payment cards among the population in 2021-2023. The practical significance of this study is that the proposed methodology can help predict the dynamics of payment cards in any country in the world. Recommendations are also given for further improving the financial system, since increasing the transparency of monetary circulation in small-and-medium sized businesses will lead to a positive result in the implementation of the program for universal declaration of income in 2025.
Open Access: Yes
