Template-Type: ReDIF-Article 1.0 Author-Name: Yadawananda Neog Author-X-Name-First: Yadawananda Author-X-Name-Last: Neog Author-Name: Achal Kumar Gaur Author-X-Name-First: Achal Kumar Author-X-Name-Last: Gaur Title: Macro-economic determinants of tax revenue in India: an application of dynamic simultaneous equation model Abstract: Due to its recurrent and mandatory nature, the tax becomes a crucial instrument for revenue generation and resource mobilisation. Excessive dependence on foreign finance by any country could lead to a debt trap in the long run. Therefore, it is become obvious to strengthen tax revenue performance for a country. This study tries to find major macro-economic determinants of tax revenue performance in India for the period 1981 to 2016 based on the availability of data. We propose a dynamic simultaneous equation model for the study. Empirical results suggest that growth, aid and trade are positively enlarging tax revenues. And inflation, development expenditure and agriculture contribution come out to be detrimental factors for tax revenues performance. Use of dynamic three-stage least square estimator helps us to trace possible channels through which tax revenue performance can be improved. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 13-35 Issue: 1 Volume: 13 Year: 2020 Keywords: macro-economic; dynamic simultaneous equation; public finance; tax revenue; India. File-URL: http://www.inderscience.com/link.php?id=106679 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:1:p:13-35 Template-Type: ReDIF-Article 1.0 Author-Name: Awosusi Abraham Ayobamiji Author-X-Name-First: Awosusi Abraham Author-X-Name-Last: Ayobamiji Author-Name: Demet Beton Kalmaz Author-X-Name-First: Demet Beton Author-X-Name-Last: Kalmaz Title: Reinvestigating the determinants of environmental degradation in Nigeria Abstract: This study aims to reinvestigate the impact of economic growth in relation with trade openness, financial development, energy consumption and foreign direct investment to overcome the omitted variable problem on environmental degradation in Nigeria for the years from 1971 to 2015. Bounds test results reveal a cointegrating relationship between variables in the long run. Both in the long and short run, economic growth tends to affect CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions positively. In the long run, energy consumption positively impacts CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions while CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions tend to be negatively affected by foreign direct investment. Furthermore, a robust check was performed through the FMOLS and DOLS to establish the long run effect. Moreover, we employed wavelet coherence based causality test which provided stronger supportive evidence to the long-run estimations of this study. The significance of this study stems from the uniqueness that to the best of our knowledge there has been no study combining these variables in addition to the fact that the econometric techniques employed have not been applied in conjunction to the subject for the case of Nigeria. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 52-71 Issue: 1 Volume: 13 Year: 2020 Keywords: CO2 emissions; wavelet coherence; economic growth; ARDL bounds test; FMOLS; DOLS. File-URL: http://www.inderscience.com/link.php?id=106680 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:1:p:52-71 Template-Type: ReDIF-Article 1.0 Author-Name: Tatjana Tambovceva Author-X-Name-First: Tatjana Author-X-Name-Last: Tambovceva Author-Name: Jelena Titko Author-X-Name-First: Jelena Author-X-Name-Last: Titko Title: Consumer perception of sharing economy: pilot survey in Latvia Abstract: The overwhelming goal of large-scale cross-country research is to evaluate consumers' perception of a sharing economy. The specific goal within the current paper is to evaluate the appropriateness of the existing questionnaire to study goals and the quality of questions. Besides, respondents' experience in using Sharing economy services was analysed. The pilot survey was conducted by the authors, involving 244 respondents. The current research allowed making conclusions about the overall perception of sharing economy among Latvian citizens. Most popular sharing economy activities in which respondents are engaged in were determined. The reasons for avoiding participation in the sharing economy were detected. The results of the research will be used to conduct a cross-country survey that will be aimed to compare the perception of a sharing economy in different countries. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 72-84 Issue: 1 Volume: 13 Year: 2020 Keywords: sharing economy; circular economy; consumer perception; pilot survey; Latvian citizens; Latvia. File-URL: http://www.inderscience.com/link.php?id=106681 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:1:p:72-84 Template-Type: ReDIF-Article 1.0 Author-Name: Harishankar Vidyarthi Author-X-Name-First: Harishankar Author-X-Name-Last: Vidyarthi Author-Name: R.K. Mishra Author-X-Name-First: R.K. Author-X-Name-Last: Mishra Title: Dynamics among banking penetration, transport infrastructure, and regional growth: an empirical note from Indian states Abstract: This study examines the dynamics among banking penetration, transport infrastructure and regional growth for 23 Indian states within panel vector error correction framework over the period 2001 to 2017. Findings confirm the presence of long run equilibrium relationship between banking penetration, transport infrastructure and income for the panel. Panel FMOLS and DOLS results suggest that 1% increase in transport (roadways) infrastructure stocks and banking penetration increases the regional growth by 0.0620% to 0.06784% and 0.1836% to 0.1935%, respectively. Further, panel VECM-based causality results suggest that bidirectional causality between the regional growth and roadways infrastructure, banking penetration and regional growth, and banking penetration and roadways infrastructure respectively in long run. However, there is bidirectional causality between regional growth to roadways infrastructure, and banking outreach to roadways infrastructure, and unidirectional causality running from banking outreach to regional growth in the short run. Therefore, improving transport (roadways) infrastructure would be the right step towards regional growth in short run and long run as well. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 1-12 Issue: 1 Volume: 13 Year: 2020 Keywords: transport infrastructure; banking penetration; panel VECM; regional growth; India. File-URL: http://www.inderscience.com/link.php?id=106682 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:1:p:1-12 Template-Type: ReDIF-Article 1.0 Author-Name: M. Arief Mufraini Author-X-Name-First: M. Arief Author-X-Name-Last: Mufraini Author-Name: Ahmad Tibrizi Soni Wicaksono Author-X-Name-First: Ahmad Tibrizi Soni Author-X-Name-Last: Wicaksono Author-Name: Kurniawati Meylianingrum Author-X-Name-First: Kurniawati Author-X-Name-Last: Meylianingrum Author-Name: Mega Noerman Ningtyas Author-X-Name-First: Mega Noerman Author-X-Name-Last: Ningtyas Author-Name: Supriyono Author-X-Name-First: Author-X-Name-Last: Supriyono Title: Islamic bank financing: finding the spatial effect and influencing factors from an archipelagic Indonesia Abstract: In the light of Islamic bank inclusiveness, this study aims to analyse more for spatial regions effect to identify influencing factors of financing. Secondary data from 33 provinces of Indonesia took a part to complete research analysis. The findings of the research reveal such a strong spatial influence on Islamic bank financing. Jakarta and West Java Province ultimately luxuriate high value of financing, but Banten Province enjoy only low value of financing although it surrounded by the high value neighbour provinces, and Papua Province suffer from Islamic bank financing and also surrounded by the low value ones. Then it is found that Indonesia has seven provinces included in the category of neighbour less namely the Provinces of West Nusa Tenggara, North Maluku, Maluku, East Nusa Tenggara, Bali, Bangka Belitung, and Riau Islands. And factors that affect geographical spatial concentration of Islamic bank financing are gross domestic product and deposit. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 36-51 Issue: 1 Volume: 13 Year: 2020 Keywords: spatial regression model; Islamic bank financing and archipelagic Indonesia. File-URL: http://www.inderscience.com/link.php?id=106683 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:1:p:36-51 Template-Type: ReDIF-Article 1.0 Author-Name: Rajesh Sharma Author-X-Name-First: Rajesh Author-X-Name-Last: Sharma Author-Name: Pradeep Kautish Author-X-Name-First: Pradeep Author-X-Name-Last: Kautish Title: Understanding the dynamism of electricity consumption in India: an empirical investigation Abstract: The study intends to examine the impact of per capita GDP, financial sector development, capital formation, and urbanisation on electricity utilisation in India for the period of 1975 to 2015. The ARDL bounds test results reveal that the improved delivery of financial services, capital formation, per capita GDP, and urbanisation has a direct impact on electricity consumption in the long run. Further, the outcomes of the ARDL bounds and impulse response function confirm that after achieving a level of income, the electricity demand starts decreasing, as the adoption of electricity-efficient technology may reduce the marginal usage of electricity. Contrarily, even after achieving a threshold level of urbanisation the marginal impact of urbanisation on electricity usage has remained positive and significant. The association between urbanisation-electricity purposes that urban Indian populace takes a long time to inculcate the electricity-saving lifestyle. The study has also considered the possibility of the unknown series discontinuity. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 107-127 Issue: 2 Volume: 13 Year: 2020 Keywords: electricity; India; ARDL; impulse response function; urbanisation. File-URL: http://www.inderscience.com/link.php?id=107924 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:2:p:107-127 Template-Type: ReDIF-Article 1.0 Author-Name: Claudio Di Berardino Author-X-Name-First: Claudio Di Author-X-Name-Last: Berardino Author-Name: Gianni Onesti Author-X-Name-First: Gianni Author-X-Name-Last: Onesti Title: Service-oriented manufacturing: assessing the role of intermediate services in industrial transformation in China Abstract: This paper investigates the intersectoral linkages created by structural change in China by adopting a subsystem approach to an input-output system. The subsystem is an autonomous vertically integrated production system that overcomes the horizontal traditional sectoral boundaries, while considering integration between manufacturing and services. Based on demand for intermediate services in the Chinese domestic market, the share of services in manufacturing is very low in terms of hours worked. However, this integration is higher in advanced countries. Furthermore, we found that the vertical integration of services in China is highly affected by technological intensity in manufacturing. Hence, the role of services in domestic linkages is quite modest, therefore technological tertiarisation - or the outsourcing of manufacturing - is still far off. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 128-151 Issue: 2 Volume: 13 Year: 2020 Keywords: Chinese economy; input-output; manufacturing; services; structural change; China. File-URL: http://www.inderscience.com/link.php?id=107926 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:2:p:128-151 Template-Type: ReDIF-Article 1.0 Author-Name: Khee Giap Tan Author-X-Name-First: Khee Giap Author-X-Name-Last: Tan Author-Name: Mulya Amri Author-X-Name-First: Mulya Author-X-Name-Last: Amri Author-Name: Nursyahida Ahmad Author-X-Name-First: Nursyahida Author-X-Name-Last: Ahmad Title: Impact of exchange rates on exports from Indonesia's sub-national economies: an empirical analysis Abstract: This paper presents an examination of the impact of Indonesia's cost competitiveness, broadly represented by the country's real effective exchange rate (REER), on the value of exports from Indonesia's provinces. Our focus on Indonesia is intended to fill the knowledge gap on the world's 16th largest economy and fourth most populous country, where decentralisation efforts have resulted in increasing exports from its peripheral regions. Using panel fixed-effects model on provincial exports data covering 2000 to 2013, we find that exchange rate depreciation is positively and significantly associated with provincial exports, and exchange rate volatility tends to be negatively associated with exports. This implies that the export performance of a province depends upon not just managing cost competitiveness through the exchange rate regime but also other economic considerations such as the relative competitiveness of the provinces. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 85-106 Issue: 2 Volume: 13 Year: 2020 Keywords: Indonesia; provincial exports; exchange rate; competitiveness. File-URL: http://www.inderscience.com/link.php?id=107927 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:2:p:85-106 Template-Type: ReDIF-Article 1.0 Author-Name: Mosab I. Tabash Author-X-Name-First: Mosab I. Author-X-Name-Last: Tabash Author-Name: Eissa A. Al-Homaidi Author-X-Name-First: Eissa A. Author-X-Name-Last: Al-Homaidi Author-Name: Anwar Ahmad Author-X-Name-First: Anwar Author-X-Name-Last: Ahmad Author-Name: Najib H.S. Farhan Author-X-Name-First: Najib H.S. Author-X-Name-Last: Farhan Title: Factors affecting financial performance of Indian firms: an empirical investigation of firms listed on Bombay Stock Exchange Abstract: The aim of this study is to examine the factors that influence the financial performance of Indian listed companies during the period ranging from 2010 to 2016. The sample size consists of 1598 companies listed in Mumbai Stock Exchange (MSE) in India. Return on assets (ROA), return on equity (ROE), profit after tax (PAT) and earning per share (EPS) are used as proxies for financial performance of Indian firms. The fixed effects regression model results revealed that the leverage ratio, liquidity ratio, size of company and company age have a significant and positive influence on the financial performance of Indian listed companies. The leverage ratio has a positive impact on return on equity (ROE) and negative effect on return on assets (ROA), profit after tax (PAT), and earning per share (EPS). The study recommended that managers should consider the leverage ratio in such a way that improves firms' financial performance. The current study provides useful insights for managers, analysts, regulators, investors, and other interested parties in the performance of Indian listed firms. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 152-172 Issue: 2 Volume: 13 Year: 2020 Keywords: financial performance; panel data; listed companies; Bombay Stock Exchange; BSE; India. File-URL: http://www.inderscience.com/link.php?id=107928 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:2:p:152-172 Template-Type: ReDIF-Article 1.0 Author-Name: Yuriy Bilan Author-X-Name-First: Yuriy Author-X-Name-Last: Bilan Author-Name: Inna Tiutiunyk Author-X-Name-First: Inna Author-X-Name-Last: Tiutiunyk Author-Name: Sergij Lyeonov Author-X-Name-First: Sergij Author-X-Name-Last: Lyeonov Author-Name: Tatiana Vasylieva Author-X-Name-First: Tatiana Author-X-Name-Last: Vasylieva Title: Shadow economy and economic development: a panel cointegration and causality analysis Abstract: The main objective of the research is to study the link between the indicators of GDP and shadow economy. In the article the forms of impact of the shadow economy have been analysed. Its main social, political and economic implications have been determined. The analysis results of the indicators of the average GDP growth rates in EU member states in 1960-2016, showed that the current level of economic growth in Ukraine is much lower compared to other countries. Based on the analysis of static indicators of the social and economic stability (standard deviation, coefficient of variation, maximum and minimum value), direct and feedback links between the levels of economy shadowing and GDP have been demonstrated. In this case, the results of Granger test confirm specific hypotheses and determine the vectors of their interaction at different time horizons. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 173-193 Issue: 2 Volume: 13 Year: 2020 Keywords: shadow economy; legalisation; corruption; GDP; macroeconomic stability; economic development; Granger test; Hausman test; Wald test; Brousha-Pagan test. File-URL: http://www.inderscience.com/link.php?id=107929 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:2:p:173-193 Template-Type: ReDIF-Article 1.0 Author-Name: Bogdan Mróz Author-X-Name-First: Bogdan Author-X-Name-Last: Mróz Title: Consumer behaviours on the luxury goods market in Poland Abstract: The basic objective of the paper is to highlight new trends in consumer behaviours on the luxury goods market in Poland. The paper focuses on recent developments and growth trends in different categories of luxury goods and services. The author provides an empirical insight into luxury goods market in Poland based on available statistical data, think tanks reports and research findings. The relevant statistical data, e.g., regarding the number of high net worth individuals in Poland are provided as well as the split of the Polish luxury and premium goods market into categories of goods and services. The author tries to pinpoint factors conducive to the growth of the luxury market in Poland and to highlight country-specific consumer behaviours on this particular market. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 273-285 Issue: 3 Volume: 13 Year: 2020 Keywords: consumer behaviour; luxury goods market; Poland; consumer trends. File-URL: http://www.inderscience.com/link.php?id=109046 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:3:p:273-285 Template-Type: ReDIF-Article 1.0 Author-Name: Clement A.U. Ighodaro Author-X-Name-First: Clement A.U. Author-X-Name-Last: Ighodaro Author-Name: Abidemi C. Adegboye Author-X-Name-First: Abidemi C. Author-X-Name-Last: Adegboye Title: Long run analysis of tourism and economic growth in Nigeria Abstract: In this paper, the impact of tourism on economic growth in Nigeria is examined using a dynamic framework and data covering the 1983-2017 period. Tourism impacts are measured in terms of capital investment in the sector and contribution to total export revenues, while growth is considered in terms of growth in GDP per capita, services sector growth and aggregate employment. Using the autoregressive distributed lags (ARDL) approach to cointegration analysis, the study finds a unidirectional long run relationship running from tourism to economic growth in Nigeria. Moreover, it is found that the direct effect of tourism on growth is weak, rather a strong channelled impact of tourism sector development on economic growth in Nigeria is established. In the long run, tourism promotes services sector expansion and contributes significantly to overall employment growth in Nigeria. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 286-301 Issue: 3 Volume: 13 Year: 2020 Keywords: autoregressive distributed lags; ARDL; employment; export shares; capital investment; economic growth; Nigeria; tourism. File-URL: http://www.inderscience.com/link.php?id=109047 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:3:p:286-301 Template-Type: ReDIF-Article 1.0 Author-Name: Deniz Güvercin Author-X-Name-First: Deniz Author-X-Name-Last: Güvercin Title: Labour market flexibility, distance to frontier and human capital accumulation: evidence from developing countries Abstract: The present paper aims to explore whether policies enhancing labour market flexibility result in convergence to world technology frontier, and provide proper incentives to increase investment in human capital. Because of the interdependent relations among labour market flexibility, distance to world technology frontier and human capital investment, the Panel VAR methodology which account co-evolutionary relations in dynamic system is used. The data for 31 developing economies over the period 2000-2015 is used for the purpose of the study. Impulse response analysis shows that distance to frontier increases with labour market flexibility shock, while human capital investment decreases with labour market flexibility shock. Additionally, labour market flexibility decreases with the distance to frontier variable shock and distance to frontier decreases with the human capital investment shock. Results suggest that rigid labour market policies should be put in place first in developing countries to provide right incentives to invest in schooling, training, firm-specific skills and innovation resulting in convergence to the world technology frontier. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 209-224 Issue: 3 Volume: 13 Year: 2020 Keywords: labour market flexibility; distance to frontier; human capital accumulation; Panel VAR. File-URL: http://www.inderscience.com/link.php?id=109049 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:3:p:209-224 Template-Type: ReDIF-Article 1.0 Author-Name: Robiyanto Robiyanto Author-X-Name-First: Robiyanto Author-X-Name-Last: Robiyanto Author-Name: Bayu Adi Nugroho Author-X-Name-First: Bayu Adi Author-X-Name-Last: Nugroho Author-Name: Andreas Lako Author-X-Name-First: Andreas Author-X-Name-Last: Lako Title: Safe haven and performance of extension-Markowitz portfolio on Indonesian ethical investments Abstract: There has been ongoing discussion about the performance of ethical investments. Unlike previous studies, this research used extension Markowitz model to measure the market-based performance of ethical investments in Indonesia. In addition, this research also investigated whether gold was the safe haven instrument for the extension-Markowitz portfolio in Indonesia when the equity market was in extreme turmoil. The stocks from environmentally friendly firms (SRI) and Jakarta Islamic Index (JII) in Indonesia were used as the proxies of ethical investments. The results showed that the extension of Markowitz model could create an optimum portfolio that outperformed the market index. The result of this study supported the social impact hypothesis implying that environmental and social spending could improve stock market performance. Also, based on quantile regression (QREG) and ordinary least squares (OLS), this study found that gold was the safe haven and hedging instrument for ethical investors in Indonesia. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 225-243 Issue: 3 Volume: 13 Year: 2020 Keywords: extension Markowitz model; ethical investments; safe haven. File-URL: http://www.inderscience.com/link.php?id=109050 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:3:p:225-243 Template-Type: ReDIF-Article 1.0 Author-Name: Bandi Author-X-Name-First: Author-X-Name-Last: Bandi Author-Name: Wahyu Widarjo Author-X-Name-First: Wahyu Author-X-Name-Last: Widarjo Author-Name: Irwan Trinugroho Author-X-Name-First: Irwan Author-X-Name-Last: Trinugroho Title: The lead underwriter reputation and underpricing: study of company's IPO in Indonesia Abstract: We analyse the effect of lead underwriter reputation on underpricing during initial public offering (IPO) in the Indonesia Stock Exchange. This study predicts that companies using reputable lead underwriter will have a low level of underpricing. We analyse 163 companies that conduct an IPO from 2010 to 2017. The analysis results show that the reputation of a lead underwriter has a negative and significant effect on underpricing. This finding has an implication in the selection of underwriter during the IPO. For companies, underpricing is considered as the cost of capital. The higher the level of underpricing, the higher is the cost of capital in the IPO. This means that the funds collected by the firm during IPO are not optimal. Therefore, the findings of this study could be considered in determining the lead underwriter during the IPO. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 244-255 Issue: 3 Volume: 13 Year: 2020 Keywords: lead underwriter reputation; underpricing; initial public offerings; IPOs; Indonesia. File-URL: http://www.inderscience.com/link.php?id=109051 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:3:p:244-255 Template-Type: ReDIF-Article 1.0 Author-Name: Van Dan Dang Author-X-Name-First: Van Dan Author-X-Name-Last: Dang Title: Bank funding and liquidity in an emerging market Abstract: The study examines the impact of bank funding, in two main dimensions capturing equity capital and customer deposits, on bank liquidity positions in an emerging market. Through the regression estimates following both dynamic and static approaches in panel data models and the support of typical characteristics in funding structure of Vietnamese banks from 2007 to 2017, the study has the ideal tools to find the research results as expected, based on traditional accounting measures. The results show that equity capital and customer deposits have positive effects on bank liquidity positions. Further, the state ownership factor indicates no difference between liquidity behaviours of surveyed banks. These results are validated by alternative robustness checks from both linear and nonlinear specifications. The findings clarify the debates relating to emerging economies, thus providing some implications for better disciplines. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 256-272 Issue: 3 Volume: 13 Year: 2020 Keywords: deposit; emerging market; equity; funding liquidity; funding structure; market liquidity. File-URL: http://www.inderscience.com/link.php?id=109054 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:3:p:256-272 Template-Type: ReDIF-Article 1.0 Author-Name: Rana Muhammad Adeel-Farooq Author-X-Name-First: Rana Muhammad Author-X-Name-Last: Adeel-Farooq Author-Name: Nor'Aznin Abu Bakar Author-X-Name-First: Nor'Aznin Abu Author-X-Name-Last: Bakar Author-Name: Jimoh Olajide Raji Author-X-Name-First: Jimoh Olajide Author-X-Name-Last: Raji Title: Financial sector development and economic growth: a co-integration analysis for ASEAN countries Abstract: Among the 17 sustainable development goals (SDGs) of the United Nation, the 8th goal emphasises economic growth as an essential means of achieving other SDGs especially in developing countries. Therefore, this study empirically investigates the role of financial sector development, among other relevant factors, in the economic growth of five ASEAN economies over the 1994-2017 period. It uses Kao and Fisher-Johansen co-integration tests to examine the presence of a long-run association among the variables. Furthermore, FMOLS method is used to determine the long-run estimates of the predictors' influences on the economic growth of those countries. The long-run outcomes of the estimation suggest that financial sector development and human development index have significant positive impact on the economic growth of those countries. Based on the findings, this study recommends ASEAN countries to embrace additional robust measures to improve the financial sector and human development in order to realise sustainable economic growth. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 195-208 Issue: 3 Volume: 13 Year: 2020 Keywords: financial development; economic growth; co-integration; fully modified ordinary least square; FMOLS; ASEAN. File-URL: http://www.inderscience.com/link.php?id=109056 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:3:p:195-208 Template-Type: ReDIF-Article 1.0 Author-Name: Sam'un Jaja Raharja Author-X-Name-First: Sam'un Jaja Author-X-Name-Last: Raharja Author-Name: Anang Muftiadi Author-X-Name-First: Anang Author-X-Name-Last: Muftiadi Title: Analysis of supply chain advantages in creative businesses: a case study on creative industries in Bandung City, Indonesia Abstract: Superior supply chain performance is an important foundation for the sustainability of business performance, either in domestic or international business. This study seeks to explore the source of creative industries' business excellence from the supply chain side in the form of backward and forward linkages. This study takes Bandung City, a 'Creative City' according to UNESCO, as a case. This research uses regression methods on backward and forward linkages operations control to performance. The power of creative business comes from the superiority of backward linkages, that is, the source of its superiority is in resources availability and handling. Forward linkages do not have a significant effect. Nevertheless, in reality, both reinforce each other in shaping better business performance. The pattern of mixed sales, namely, direct sales and through distributors/agents always exhibit high performance in the form of production cost efficiency, customer service and product improvement. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 431-442 Issue: 4 Volume: 13 Year: 2020 Keywords: creative businesses; backward linkages; forward linkages; sales patterns; Indonesia. File-URL: http://www.inderscience.com/link.php?id=109564 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:431-442 Template-Type: ReDIF-Article 1.0 Author-Name: Wuthiya Saraithong Author-X-Name-First: Wuthiya Author-X-Name-Last: Saraithong Author-Name: Kanokwan Chancharoenchai Author-X-Name-First: Kanokwan Author-X-Name-Last: Chancharoenchai Title: Testing on productivity transition in Thai economy through the lens of state space model Abstract: This empirical investigation seeks to detect the behaviour of the Thai economy and its production input efficiency. After conducting various statistical tests, AR(|2|) model incorporating input factors seems to be the most appropriate specification. The state space model suggests that the estimated parameters statistically illustrate the transitional productivity. The technological transfer via direct channels shows its negative productivity. The labour productivity sheds some light of positive signal to human capital improvement. The monetary credibility points to insignificant inflation uncertainty, while the foreign exchange uncertainty provides some benefit to Thai businesses. Finally, the international integration discourages the growth of Thailand. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 393-402 Issue: 4 Volume: 13 Year: 2020 Keywords: productivity; state space model; Thai economy; economic growth. File-URL: http://www.inderscience.com/link.php?id=109575 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:393-402 Template-Type: ReDIF-Article 1.0 Author-Name: Sang-Lyul Ryu Author-X-Name-First: Sang-Lyul Author-X-Name-Last: Ryu Author-Name: Jayoun Won Author-X-Name-First: Jayoun Author-X-Name-Last: Won Title: Loan securitisation and accounting measurement methods in banks Abstract: This paper examines the extent to which banks securitise loans under three accounting measurement methods: historical cost, lower-of-cost-or-market and fair value. Securitisation is becoming an indispensable tool for financing liquidity in the global capital market. Prior research has developed different models to analyse why a firm securitise its assets. The established models do not address if accounting measurement methods have different effects on loan securitisation. In our model, the bank's loan securitisation is jointly determined by the weight on earnings for each period and the marginal expected rate of return on new investments under the three measurement methods. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 312-326 Issue: 4 Volume: 13 Year: 2020 Keywords: loans; securitisation; historical cost; HC; lower-of-cost-or-market; LCM; fair value; FV. File-URL: http://www.inderscience.com/link.php?id=109576 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:312-326 Template-Type: ReDIF-Article 1.0 Author-Name: Elena Lysenko Author-X-Name-First: Elena Author-X-Name-Last: Lysenko Author-Name: Laura Sartillo Vazquez Author-X-Name-First: Laura Sartillo Author-X-Name-Last: Vazquez Title: Research of organisational environment for staff performance improving: case of the small Trade Metal Company, Yekaterinburg, Russian Federation Abstract: The concept of performance includes of combination of employee behaviour and productivity as basic characteristics that influence the achievement of organisational goals. Submitted study was commissioned by the Trade Metal Company, operating on the market of Yekaterinburg, Russian Federation in the area of small business. The aim of the research is to diagnose the organisational climate and personal performance with using of mixed quantitative and qualitative methods to identify 'weaknesses' and improve individual work. Results of research can be used for improving organisational environment for the reaching of individual staff performance. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 373-384 Issue: 4 Volume: 13 Year: 2020 Keywords: human resources management; labour relations; organisational environment; individual work performance; IWP; Russian Federation. File-URL: http://www.inderscience.com/link.php?id=109577 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:373-384 Template-Type: ReDIF-Article 1.0 Author-Name: Anna Purwaningsih Author-X-Name-First: Anna Author-X-Name-Last: Purwaningsih Author-Name: Indra Wijaya Kusuma Author-X-Name-First: Indra Wijaya Author-X-Name-Last: Kusuma Author-Name: Zuni Barokah Author-X-Name-First: Zuni Author-X-Name-Last: Barokah Title: Earnings management, earnings quality, and culture: cross-country studies Abstract: This study examines the association of accrual and real earnings management with earnings quality. The research sample comprised companies listed on six stock exchanges. Data analysis was conducted using a regression test and a t-test. The results indicate that both accrual and real earnings management are significantly associated with earnings quality. When the model includes cultural values, accrual, and real earnings management are associated with earnings quality in countries with low individualism and high uncertainty avoidance. Compared with real earnings management, accrual earnings management has a stronger association with earnings quality. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 422-430 Issue: 4 Volume: 13 Year: 2020 Keywords: real earnings management; REM; accrual earnings management; AEM; earnings quality; individualism; uncertainty avoidance. File-URL: http://www.inderscience.com/link.php?id=109579 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:422-430 Template-Type: ReDIF-Article 1.0 Author-Name: Asep Darmansyah Author-X-Name-First: Asep Author-X-Name-Last: Darmansyah Author-Name: Raden Aswin Rahadi Author-X-Name-First: Raden Aswin Author-X-Name-Last: Rahadi Author-Name: Yogi Makbul Author-X-Name-First: Yogi Author-X-Name-Last: Makbul Title: An analysis of factors affecting the company performance of creative footwear industries in Bandung, Indonesia Abstract: This research aims to determine the effect of accounting knowledge, entrepreneurial spirit, and capital accessibility to the company performance of creative footwear industries. Indonesia plays an important role in the international footwear market and ranks sixth as the world's largest footwear exporter. Primary and secondary data are analysed by applying descriptive and path analyses. Results indicate that accounting knowledge, entrepreneurial spirit, and capital accessibility have a significant positive effect on company performance, and that entrepreneurial spirit has the greatest impact on company performance. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 413-421 Issue: 4 Volume: 13 Year: 2020 Keywords: accounting; entrepreneurship; footwear; company performance; Indonesia. File-URL: http://www.inderscience.com/link.php?id=109580 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:413-421 Template-Type: ReDIF-Article 1.0 Author-Name: Khoa T. Tran Author-X-Name-First: Khoa T. Author-X-Name-Last: Tran Author-Name: Phuong V. Nguyen Author-X-Name-First: Phuong V. Author-X-Name-Last: Nguyen Author-Name: Tung V. Nguyen Author-X-Name-First: Tung V. Author-X-Name-Last: Nguyen Author-Name: Thao P.T. Pham Author-X-Name-First: Thao P.T. Author-X-Name-Last: Pham Title: Evaluation of perceived socio-cultural context in museum visitor experience: combining the theory of planned behaviour and the norm activation model Abstract: Tourism is a highly profitable industry, and museums play an essential part in promoting the culture of a country and ensuring economic returns from tourism. This article explores the antecedents influencing visitors' experiences and intention behaviour with the aim of maximising the effectiveness of historical museums. Structural equational modelling is used to analyse a sample size of 309 visitors to the Museum of Vietnamese History in Ho Chi Minh City, Vietnam. The results reveal that perceived socio-cultural context (PSC) and interpersonal interaction (II) are significantly associated with museum visitor experience (MVE). In addition, perceived behavioural control (PBC), subjective norms (SN), and personal norms (PN) have significant effects on intention to revisit (IR) the museum. Moreover, the visitor experience has an essential role in increasing word of mouth (WOM) and stimulating positive IR, and WOM is significantly related to IR. The article concludes by providing implications for museum managers to improve the experience and intention behaviour of visitors in the international competitive market on cultural tourism. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 403-412 Issue: 4 Volume: 13 Year: 2020 Keywords: museum visitor experience; MVE; perceived socio-cultural context; PSC; theory of planned behaviour. File-URL: http://www.inderscience.com/link.php?id=109581 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:403-412 Template-Type: ReDIF-Article 1.0 Author-Name: Horas Djulius Author-X-Name-First: Horas Author-X-Name-Last: Djulius Author-Name: Choi Wongyu Author-X-Name-First: Choi Author-X-Name-Last: Wongyu Author-Name: Juanim Juanim Author-X-Name-First: Juanim Author-X-Name-Last: Juanim Author-Name: Raeni Dwisanty Author-X-Name-First: Raeni Author-X-Name-Last: Dwisanty Author-Name: Alfath Prannisa Author-X-Name-First: Alfath Author-X-Name-Last: Prannisa Title: Measuring labour contributions in the creation of added value in creative industries Abstract: Recognising the determinants of the creative industry is vital to increase this industry value-added. The study of 16 creative industry sub-sectors in ten creative cities in Indonesia was conducted to depict the importance of capital and labour used in the industry. We use dynamic panel data to estimate production function that describes the relationship between industry value-added and its inputs by using firm-level panel data surveyed by Statistics Indonesia ranging from 2005 to 2015. The result shows that labour provides an essential influence on the industry value added while capital plays insignificant effect. This finding emphasises the need for more advanced capital use in creative industry in developing countries. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 385-392 Issue: 4 Volume: 13 Year: 2020 Keywords: creative industry; creative city; added value; labour contribution. File-URL: http://www.inderscience.com/link.php?id=109582 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:385-392 Template-Type: ReDIF-Article 1.0 Author-Name: Marcellia Susan Author-X-Name-First: Marcellia Author-X-Name-Last: Susan Title: The antecedents of financial literacy: a study on college students Abstract: Several previous researches have shown inadequate level of financial knowledge among students, while financial literacy itself contributes toward smooth operations of domestic and international financial transactions. The study is led in order to examine the impact of entitlement, conscientiousness, financial anxiety, self-efficacy, financial socialisation agents, and financial education both simultaneously and partially on financial literacy of college student. The study conducts hypothesis testing and analyses the causal relationship between related variables. The results show the influence of entitlement, conscientiousness, self-efficacy, financial socialisation agents, and financial education on financial literacy. However, financial anxiety did not have an impact on financial literacy. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 337-343 Issue: 4 Volume: 13 Year: 2020 Keywords: financial literacy; money attitude; financial anxiety; self-efficacy; financial socialisation agents; financial education. File-URL: http://www.inderscience.com/link.php?id=109583 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:337-343 Template-Type: ReDIF-Article 1.0 Author-Name: Attasuda Lerskullawat Author-X-Name-First: Attasuda Author-X-Name-Last: Lerskullawat Title: Factors affecting household debt in Thailand Abstract: An increase in household debt become an important issue in developing countries including Thailand. This paper examines factors affecting household debt in 77 provinces in Thailand from 2009 to 2017. The results show that economic factors including household income, inflation rate and household consumption expenditure, and social factors including education, marriage and young population, have significant effects on total household debt. The economic factors significantly affect, especially on debt related to household expenditure, agricultural business and non-agricultural business; while social factors mostly influence debt related to agricultural business, educational debt and debt for purchasing or renting real estate and land. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 327-336 Issue: 4 Volume: 13 Year: 2020 Keywords: household debt; economic factor; social factor; provincial data; Thailand. File-URL: http://www.inderscience.com/link.php?id=109584 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:327-336 Template-Type: ReDIF-Article 1.0 Author-Name: Sung-Eun Cho Author-X-Name-First: Sung-Eun Author-X-Name-Last: Cho Author-Name: Young-Min Lee Author-X-Name-First: Young-Min Author-X-Name-Last: Lee Title: Outcome improvement of vocational training: focusing on the changeover from satisfaction evaluation to trainee evaluation Abstract: This study aims to introduce a vocational trainee evaluation system that can supplement the satisfaction survey. Accordingly, the current operation factors and problems of trainee evaluation were diagnosed based on interviews and a survey. Consequently, results showed that the quality improvement of vocational competency development training was perceived as a goal of trainee evaluation. However, it is necessary to find an improved method based on criticism and perform more substantial trainee evaluations. As shown in the case of South Korea, countries can consider the following if they want to improve quality vocational training through strengthening evaluation, like trainee evaluation. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 356-364 Issue: 4 Volume: 13 Year: 2020 Keywords: vocational training evaluation; quality assurance; trainee evaluation; Kirkpatrick. File-URL: http://www.inderscience.com/link.php?id=109585 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:356-364 Template-Type: ReDIF-Article 1.0 Author-Name: Min-Jeong Seo Author-X-Name-First: Min-Jeong Author-X-Name-Last: Seo Author-Name: Young-Min Lee Author-X-Name-First: Young-Min Author-X-Name-Last: Lee Author-Name: Hae-Ryeon Park Author-X-Name-First: Hae-Ryeon Author-X-Name-Last: Park Title: Why do the late middle-aged choose self-employment?: determinants of self-employment at older ages Abstract: This study aims to identify major factors influencing the late middle-aged population's self-employment choices as an alternative to unemployment, as well as a way of exiting poverty. Data for analysis was obtained from the Survey of the Korean Longitudinal Study of Ageing, were used for this study. The results of the analysis showed that factors having a significant impact on self-employment choices were age, health status, work hours, wage satisfaction, individual net worth, job expectations. It is expected this study will be able to offer insights for countries bracing for the late middle-aged employment from the example of South Korea. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 365-372 Issue: 4 Volume: 13 Year: 2020 Keywords: late middle-aged; self-employed; influence factors; employment policy. File-URL: http://www.inderscience.com/link.php?id=109586 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:365-372 Template-Type: ReDIF-Article 1.0 Author-Name: Takayasu Ito Author-X-Name-First: Takayasu Author-X-Name-Last: Ito Title: Transmission of Japanese government bond and swap markets under negative interest rate policy Abstract: The transmissions from Japanese government bond (JGB) to swap in the maturities of four, five and ten years are confirmed under the regime of negative interest rate policy before the introduction of yield curve control (YCC). This means that the market function only works in the maturities of four, five and ten years. After the Bank of Japan (BOJ) introduces YCC policy under negative interest rate policy, the transmissions from JGB to swap are confirmed in all maturities except for two years. This means that the market function works in the maturities of three, four, five, seven and ten years under YCC policy with negative interest rate policy regime. Comparing before and after the introduction of YCC, the transmissions from JGB to swap are stronger after the introduction of YCC. The market function gradually recovers with the introduction of YCC because market participants assume that long-term interest rates will move above the level of 0% with more volatilities. More than 90% of JGBs are held by domestic investors. Thus, JGB and swap markets are less influenced by other international markets. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 305-311 Issue: 4 Volume: 13 Year: 2020 Keywords: Japanese government bond; JGB; interest rate swap; market function; negative interest rate policy; yield curve control. File-URL: http://www.inderscience.com/link.php?id=109587 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:305-311 Template-Type: ReDIF-Article 1.0 Author-Name: Shifana Fitriana Author-X-Name-First: Shifana Author-X-Name-Last: Fitriana Author-Name: Ratna Wardhani Author-X-Name-First: Ratna Author-X-Name-Last: Wardhani Title: The effect of enterprise risk management and sustainability reporting quality on performance: evidence from Southeast Asia countries Abstract: This study aims to examine the effect of enterprise risk management (ERM) and sustainability reporting quality on firms' performance. This study argues that ERM is a risk management process that focuses on internal risk. On the other hand, companies also need to manage risks arise from externals, such as social and environmental risks. This study uses 734 observations from 324 non-financial listed companies in Indonesia, Singapore, Malaysia, Thailand, and the Philippines during 2013-2018. The results show that ERM and sustainability reporting quality positively affect ROA. This evidence implies that companies need to manage internal and external risks to improve performance. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 344-355 Issue: 4 Volume: 13 Year: 2020 Keywords: enterprise risk management; ERM; sustainability reporting; return on assets; ROA; South East Asia. File-URL: http://www.inderscience.com/link.php?id=109588 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:344-355 Template-Type: ReDIF-Article 1.0 Author-Name: Vikas Dixit Author-X-Name-First: Vikas Author-X-Name-Last: Dixit Author-Name: Shaista Parveen Author-X-Name-First: Shaista Author-X-Name-Last: Parveen Title: Revisiting the export-growth nexus for India: an empirical exercise Abstract: This paper attempts to investigate empirically the export-growth nexus for India from different theoretical perspectives. Using robust time series techniques, and considering both demand-side and supply-side explanations of the relationship between export and output growth, this paper finds empirical support for export-led growth hypothesis for India for long run and short run from supply-side as well as demand-side perspectives. The demand-side orientation appears to be the better explanation of this relationship during post-liberalisation period. The horizontal export diversification is observed to have U-shaped relationship with output growth. In terms of export composition (or vertical export diversification), share of manufactured exports bear a positive and significant relation with output growth, whereas the positive but insignificant impact of services exports on economic growth underlines the need for a rigorous policy action in this sector. The results of empirical estimation are further confirmed by lag-augmented vector autoregressive non-causality test. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 526-554 Issue: 5 Volume: 13 Year: 2020 Keywords: export-led growth; growth-led export; demand-side; supply-side; export diversification; export composition. File-URL: http://www.inderscience.com/link.php?id=110432 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:526-554 Template-Type: ReDIF-Article 1.0 Author-Name: Sylviana Maya Damayanti Author-X-Name-First: Sylviana Maya Author-X-Name-Last: Damayanti Author-Name: Tarindra Raditya Author-X-Name-First: Tarindra Author-X-Name-Last: Raditya Author-Name: Indra Yudha Mambea Author-X-Name-First: Indra Yudha Author-X-Name-Last: Mambea Author-Name: Arinda Mentari Putri Author-X-Name-First: Arinda Mentari Author-X-Name-Last: Putri Title: The determinants of point of sales system adoption perceived by micro small medium enterprises in West Java, Indonesia Abstract: This paper examines the determinants of a point of sales (POS) system adoption perceived by micro small medium enterprises (MSMEs) by using a cross-section survey data set of the largest population province in Indonesia, West Java. A binary logistic regression is employed to analyse the influence of subjective norms, images, perceived usefulness and perceived ease of use on POS system adoption. Valid and reliable questionnaires are used to collect data. This paper finds that image and perceived usefulness have an impact on the adoption. This result indicates that in the MSMEs context, image and perceived usefulness are factors that have a positive and significant impact on the adopters in terms of functionality. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 483-495 Issue: 5 Volume: 13 Year: 2020 Keywords: point of sales; POS; MSMEs; binary logistic regression; West Java; Indonesia. File-URL: http://www.inderscience.com/link.php?id=110433 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:483-495 Template-Type: ReDIF-Article 1.0 Author-Name: Vyacheslav M. Bezdenezhnykh Author-X-Name-First: Vyacheslav M. Author-X-Name-Last: Bezdenezhnykh Author-Name: Elena V. Karanina Author-X-Name-First: Elena V. Author-X-Name-Last: Karanina Author-Name: Nadezhda M. Yartseva Author-X-Name-First: Nadezhda M. Author-X-Name-Last: Yartseva Title: The problems of using intellectual property as a tool of growth of national economy's competitiveness Abstract: The authors study the problems of using intellectual property in Russia as a tool of innovative economic development and the possible ways of solving them in view of experience of developed countries. The regulator, having left the state financing of innovative projects, left the scientific community and business with a lot of questions. It is shown that in countries of EU and the USA small business, in which most of active and educated youth is involved, dominates among other innovative institutes that create and implement innovations in the sphere of hi-tech. It is emphasised that the largest losses for the Russian economy are borne by small business, which creates new innovative solutions that could be quickly applied in the national economy. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 443-452 Issue: 5 Volume: 13 Year: 2020 Keywords: intellectual property; IP; national innovative system; NIS; object of intellectual property; OIP; evaluation and accounting of OIP; market institutes of evaluation of OIP. File-URL: http://www.inderscience.com/link.php?id=110434 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:443-452 Template-Type: ReDIF-Article 1.0 Author-Name: Artem N. Gerasimov Author-X-Name-First: Artem N. Author-X-Name-Last: Gerasimov Author-Name: Irada A. Azhieva Author-X-Name-First: Irada A. Author-X-Name-Last: Azhieva Author-Name: Vladimir I. Kurbatov Author-X-Name-First: Vladimir I. Author-X-Name-Last: Kurbatov Author-Name: Ekaterina V. Kartashevich Author-X-Name-First: Ekaterina V. Author-X-Name-Last: Kartashevich Author-Name: Angela M. Salogub Author-X-Name-First: Angela M. Author-X-Name-Last: Salogub Title: Management efficiencies in Russian banking: specificity of the transition to socially-oriented management Abstract: The article considers the conditions and opportunities for the development of socially-oriented management in the Russia banking, as this type of management activity and these management relations allow banks to overcome the absolutisation of the economic priorities through socialisation of their target orientation, ultimately harmonising banks' objectives to achieve economic efficiency with a high level of social responsibility. Particular attention is paid to the search for the primary contradiction that determines the nature of the formation of a professionally specialised system of socially-oriented management relations and the role of social reporting mechanisms in its direct, systemically organised form, functioning as an indicator of banking organisations' degree of maturity and social responsibility. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 471-482 Issue: 5 Volume: 13 Year: 2020 Keywords: specificity of the banking sector; social management; socially-oriented management; social policy; management activities; management relations; social responsibility; social reporting mechanisms. File-URL: http://www.inderscience.com/link.php?id=110435 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:471-482 Template-Type: ReDIF-Article 1.0 Author-Name: Ekaterina A. Fadeeva Author-X-Name-First: Ekaterina A. Author-X-Name-Last: Fadeeva Author-Name: Igor V. Denisov Author-X-Name-First: Igor V. Author-X-Name-Last: Denisov Author-Name: Platon A. Lifanov Author-X-Name-First: Platon A. Author-X-Name-Last: Lifanov Author-Name: Irina S. Bagdasarian Author-X-Name-First: Irina S. Author-X-Name-Last: Bagdasarian Title: Factors of creation and functioning of AI: anthropogenic vs. social Abstract: The purpose of the work is to determine, systematise, and rank the factors of creation and functioning of AI and to determine the perspective measures of state management of these factors for quick development and reduction of risks of using AI in the modern digital economy. The authors use the methods of systematisation and classification within the systemic approach. Also, the authors use formalisation and sociological survey for determining the significance of the factors of creation and functioning of AI. The respondents are 323 developers of AI in Russia in 2019. The results of the research showed that the processes of creation and functioning of AI are influenced by the social and anthropogenic factors. The social factors are primary - they are more significant and determine the anthropogenic factors. This shows that digital modernisation of economy based on AI is to serve the interests of acceleration of economic growth and increase of competitiveness of the economic system and (what is more important) the interests of increase of population's quality of life. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 464-470 Issue: 5 Volume: 13 Year: 2020 Keywords: AI; anthropogenic factors; social factors; state management; Russia; digital economy. File-URL: http://www.inderscience.com/link.php?id=110436 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:464-470 Template-Type: ReDIF-Article 1.0 Author-Name: Gerard Bikorimana Author-X-Name-First: Gerard Author-X-Name-Last: Bikorimana Author-Name: Shengmin Sun Author-X-Name-First: Shengmin Author-X-Name-Last: Sun Title: Multidimensional poverty analysis and its determinants in Rwanda Abstract: This paper analyses multidimensional poverty and its determinant in Rwanda by using Rwanda's demographic health survey and integrated household living conditions survey. Analytical techniques used include the current multidimensional poverty index, descriptive statistics and ordered probit regression. The results revealed that multiple deprivations are found mostly in the rural settings compared to urban areas. The standard of living dimension is largest contributor to multidimensional poverty in both rural and urban areas of Rwanda. In order to improve from multidimensional poverty and its determinants, policies towards supporting the promotion of women especially by reinforcing female's education and intensifying women's employment opportunities, strengthening family planning program and reducing poverty in regions with special focus on poverty reduction in rural areas, mainly in the western and northern provinces will be effective. In addition, supporting farmers who do not possess farmland and increasing vocation program may be also helpful for poverty reduction in Rwanda. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 555-584 Issue: 5 Volume: 13 Year: 2020 Keywords: multidimensional poverty; rural; urban; ordered probit regression; Rwanda. File-URL: http://www.inderscience.com/link.php?id=110440 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:555-584 Template-Type: ReDIF-Article 1.0 Author-Name: Debabrata Mukhopadhyay Author-X-Name-First: Debabrata Author-X-Name-Last: Mukhopadhyay Author-Name: Rupam Mukherjee Author-X-Name-First: Rupam Author-X-Name-Last: Mukherjee Title: Crop insurance for agricultural turn-around in India Abstract: The present study focuses on the working of National Agricultural Insurance Scheme (NAIS), which was implemented in the Indian agriculture since Rabi season of 1999-2000. Crop insurance is the only available mechanism to mitigate production risk in farming. Agricultural insurance reduces fluctuations in farmer output by agricultural progression. The paper tries to examine how the mean value of output production as well as fluctuation in output production of some select crops has changed in NAIS period compared to pre-NAIS period in their major production states. The paper also tries to investigate whether functioning of NAIS has resulted in any significant structural break in output production of those crops in terms of Quandt Andrews (1993) and Bai and Perron (2003) test of break points for a time series data. The paper proposes a universal crop insurance scheme to augment output production, stabilise farm income, which can cause a turn-around of Indian agriculture. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 496-513 Issue: 5 Volume: 13 Year: 2020 Keywords: crop insurance; structural break; burden of debt; farmers' suicides; India. File-URL: http://www.inderscience.com/link.php?id=110441 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:496-513 Template-Type: ReDIF-Article 1.0 Author-Name: Ela Golemi Author-X-Name-First: Ela Author-X-Name-Last: Golemi Author-Name: Klodian Muço Author-X-Name-First: Klodian Author-X-Name-Last: Muço Title: Fiscal policy's impact on economic growth - an estimation on eight Balkan countries Abstract: The analysis of the correlation between fiscal policy and economic growth is a particularly important and highly debated topic in the theoretical and empirical literature. In this study we examine the impact of fiscal policy on economic growth in the eight western Balkan countries for the period 2005-2018. The results suggest that fiscal revenues have a positive impact on the economic growth of the countries under consideration. The empirical results also suggest that tax increases have a relatively low negative impact on the flow of foreign direct investments in these countries. As well as the fact that taxes have an almost negligible impact on the formation of capital in countries taken into consideration that are notable for corruption and high tax evasion. Our study contributes to the debate on the factors that influence economic growth and the impact of different taxes on real GDP growth in Balkan countries. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 514-525 Issue: 5 Volume: 13 Year: 2020 Keywords: taxation; growth; western Balkan countries. File-URL: http://www.inderscience.com/link.php?id=110442 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:514-525 Template-Type: ReDIF-Article 1.0 Author-Name: Dmitry A. Lipinsky Author-X-Name-First: Dmitry A. Author-X-Name-Last: Lipinsky Author-Name: Victoria V. Bolgova Author-X-Name-First: Victoria V. Author-X-Name-Last: Bolgova Author-Name: Nikolay V. Makareyko Author-X-Name-First: Nikolay V. Author-X-Name-Last: Makareyko Author-Name: Aleksandra A. Musatkina Author-X-Name-First: Aleksandra A. Author-X-Name-Last: Musatkina Author-Name: Roman S. Markunin Author-X-Name-First: Roman S. Author-X-Name-Last: Markunin Title: Innovative economy: problems of the legal form in modern Russia Abstract: The purpose of the research is to determine the structure of the legal form of the innovative economy and specific features of certain elements of the system of legal regulation of innovative activities and to analyse the legal obstacles for innovative development in modern Russia. The authors use the methods of systemic analysis, which allow considering the processes of creation of innovations due to goals and tasks of the national policy and evaluating the influence of certain means of legal regulation on efficiency of the innovative activities. It is shown that drawbacks of legal definition of innovations influence the effectiveness of the public and legal influence and state support for innovations. The authors analyse the public and legal means of state support for innovations and make a conclusion on the possibility of using the method of 'legal vacuum' for stimulating innovative activities. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 453-463 Issue: 5 Volume: 13 Year: 2020 Keywords: legal regulation; innovative development; innovations; law; investments; innovative law; innovative system; Russia. File-URL: http://www.inderscience.com/link.php?id=110443 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:5:p:453-463 Template-Type: ReDIF-Article 1.0 Author-Name: Olga V. Fokina Author-X-Name-First: Olga V. Author-X-Name-Last: Fokina Author-Name: Tatiana S. Bobkova Author-X-Name-First: Tatiana S. Author-X-Name-Last: Bobkova Author-Name: Elena V. Chirkova Author-X-Name-First: Elena V. Author-X-Name-Last: Chirkova Author-Name: Maria V. Mazunina Author-X-Name-First: Maria V. Author-X-Name-Last: Mazunina Author-Name: Ekaterina L. Ralnikova Author-X-Name-First: Ekaterina L. Author-X-Name-Last: Ralnikova Title: Improving the mechanisms of evaluation of efficiency of managing an educational establishment within the global crisis management in Industry 4.0 Abstract: The purpose of the research is to improve the mechanism of evaluating the efficiency of managing the educational establishment within the global crisis management in Industry 4.0 in modern Russia. According to the 'Information and analytical materials as a result of monitoring of effectiveness of the activities of educational establishments of higher education' of the Ministry of Education and Science of the Russian Federation, the authors compile a mechanism of evaluation of efficiency of managing a university within the global crisis management in Industry 4.0, which is applied in modern Russia, and determine its drawbacks. The authors substantiate the necessity for conducting separate evaluation of efficiency of managing a university within the global crisis management in Industry 4.0. By the example of Samara State Technical University in 2018, the authors show low efficiency of a university within the global crisis management in Industry 4.0 due to foundation on the indicator of effectiveness. A complex of practical recommendations for improving the mechanism of evaluation of efficiency of managing a university within the global crisis management in Industry 4.0 in modern Russia is offered. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 622-631 Issue: 6 Volume: 13 Year: 2020 Keywords: improvement; evaluation of efficiency; management; university; global crisis management; Industry 4.0; modern Russia. File-URL: http://www.inderscience.com/link.php?id=111684 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:6:p:622-631 Template-Type: ReDIF-Article 1.0 Author-Name: Svetlana P. Goryachikh Author-X-Name-First: Svetlana P. Author-X-Name-Last: Goryachikh Author-Name: Anastasia A. Sozinova Author-X-Name-First: Anastasia A. Author-X-Name-Last: Sozinova Author-Name: Elena N. Grishina Author-X-Name-First: Elena N. Author-X-Name-Last: Grishina Author-Name: Eleonora V. Nagovitsyna Author-X-Name-First: Eleonora V. Author-X-Name-Last: Nagovitsyna Title: Optimisation of the mechanisms of managing venture investments in the sphere of digital education on the basis of new information and communication technologies: audit and reorganisation Abstract: The purpose of the paper is to consider the model of managing venture investments in the sphere of digital education in modern Russia and development of recommendations for optimisation of its mechanisms on the basis of new information and communication technologies (ICT). Based on the Russian experience of managing venture investments a conceptual model of this process is compiled. It is determined that two mechanisms are involved in the process of managing venture investments in the sphere of digital education in Russia - audit and reorganisation of universities. It is proved that optimisation of the mechanisms of managing venture investments in the sphere of digital education on the basis of ICT allows solving the problem of insufficient information support of this process. The offered recommendations allow guaranteeing full-scale and highly-effective information support for audit of digital modernisation of universities and their reorganisation. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 587-594 Issue: 6 Volume: 13 Year: 2020 Keywords: optimisation; management; venture investments; digital education; university; new information and communication technologies; ICT; audit; reorganisation; modern Russia. File-URL: http://www.inderscience.com/link.php?id=111692 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:6:p:587-594 Template-Type: ReDIF-Article 1.0 Author-Name: Abdul Rahim Ridzuan Author-X-Name-First: Abdul Rahim Author-X-Name-Last: Ridzuan Author-Name: Mohd Shahidan Shaari Author-X-Name-First: Mohd Shahidan Author-X-Name-Last: Shaari Author-Name: Nur Surayya Mohd Saudi Author-X-Name-First: Nur Surayya Mohd Author-X-Name-Last: Saudi Author-Name: Vikniswari Vija Kumaran Author-X-Name-First: Vikniswari Vija Author-X-Name-Last: Kumaran Author-Name: Mohamad Idham Md Razak Author-X-Name-First: Mohamad Idham Md Author-X-Name-Last: Razak Title: Macroeconomic determinants of military expenditure in Malaysia Abstract: The decreasing trend of Malaysian annual allocation towards military expenditure in the past 16 years ago has become a subject of interest for this research paper. This paper aim to investigates either the selected macroeconomic variables such as domestic investment, exchange rates, inflation, trade openness and population growth could be the factors that lead towards lower government spending in this country. The ARDL regression is introduced based on the data span range from 1970 until 2016. The long run elasticities showcased that low inflation and currency appreciation lead towards higher government spending on military expenditure while deepening in trade openness cause lower spending on military. The role of inflation again is being highlight as it is also granger cause military expenditure in Malaysia. The list of policy recommendation is being discuss and hopefully it could give a fresh insight to the policymakers with regards to this research topic. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 675-690 Issue: 6 Volume: 13 Year: 2020 Keywords: military expenditure; macroeconomics variables; ARDL regression; Malaysia. File-URL: http://www.inderscience.com/link.php?id=111693 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:6:p:675-690 Template-Type: ReDIF-Article 1.0 Author-Name: Svetlana V. Sharokhina Author-X-Name-First: Svetlana V. Author-X-Name-Last: Sharokhina Author-Name: Olga E. Pudovkina Author-X-Name-First: Olga E. Author-X-Name-Last: Pudovkina Author-Name: Igor A. Yasenitskiy Author-X-Name-First: Igor A. Author-X-Name-Last: Yasenitskiy Author-Name: Tatiana N. Gorokhovitskaya Author-X-Name-First: Tatiana N. Author-X-Name-Last: Gorokhovitskaya Author-Name: Elena A. Bratukhina Author-X-Name-First: Elena A. Author-X-Name-Last: Bratukhina Title: Educational support for digital state communications for transition to Industry 4.0 Abstract: The purpose of the article is to substantiate the necessity for educational support for establishment of digital state communications for transition to Industry 4.0 (by the example of Samara Oblast of the Russian Federation). This purpose determines the directions of the research: university students' readiness for usage of the internet space for implementing their political desires and the technical possibilities of public authorities and local administration to organise the channels of interaction with this audience. The leading research methods are determination of the category tools, sociological survey (questionnaire survey) with the elements of case study among the undergraduates, and content analysis of the main public offices of Samara Oblast. These methods allow determining the modern state of public communications in the region. As a result of the performed research, characteristics of the youth audience of social networks and of the internet space on the whole as potential participants of public communications were determined. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 663-674 Issue: 6 Volume: 13 Year: 2020 Keywords: public communications; Web 2.0; Samara Oblast; public authorities; society; participation; education; Industry 4.0. File-URL: http://www.inderscience.com/link.php?id=111694 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:6:p:663-674 Template-Type: ReDIF-Article 1.0 Author-Name: Valeria D. Dmitrieva Author-X-Name-First: Valeria D. Author-X-Name-Last: Dmitrieva Author-Name: Anna I. Yakovleva Author-X-Name-First: Anna I. Author-X-Name-Last: Yakovleva Author-Name: Valeriy V. Glebov Author-X-Name-First: Valeriy V. Author-X-Name-Last: Glebov Author-Name: Ekaterina P. Petukhova Author-X-Name-First: Ekaterina P. Author-X-Name-Last: Petukhova Author-Name: Aleksey V. Shpakov Author-X-Name-First: Aleksey V. Author-X-Name-Last: Shpakov Title: Influence of technological innovations on economic inequality in developed and developing countries Abstract: The authors analyse the indicators that show the situation of inequality for 37 countries of the world. It is shown that high level of indicators of effectiveness of state's activities does not necessarily lead to reduction of inequality; neither it means that government will spend money for social protection of population, education, and other humanitarian tasks. A dream of technological innovations and digital transformations faces the reluctance to spend money for education and science. As a result of analysis of the indicators of economic, innovative, and social development, the authors determine several main tendencies of the modern times, which 'connect' the situation of inequality and implementation of technological innovations. It seems that not in all cases one can speak of a positive effect of technological innovations, for very often they have a temporary, though long, effect, and leading to large gaps in the level of well-being. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 595-611 Issue: 6 Volume: 13 Year: 2020 Keywords: economic inequality; inequality of incomes; inequality of opportunities; spatial inequality; economics of innovations; innovative systems. File-URL: http://www.inderscience.com/link.php?id=111695 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:6:p:595-611 Template-Type: ReDIF-Article 1.0 Author-Name: Chandrima Sikdar Author-X-Name-First: Chandrima Author-X-Name-Last: Sikdar Author-Name: Biswajit Nag Author-X-Name-First: Biswajit Author-X-Name-Last: Nag Title: Impact of India ASEAN FTA on employment in Indian manufacturing sector Abstract: Domestic production in Indian manufacturing sector failed to generate adequate employment opportunities but jobs supported by exports from the sector has been on the rise. The current study examines the employment effect of India-ASEAN Free Trade Agreement (IAFTA) on Indian manufacturing sector. Of the different FTAs signed by India, IAFTA involves one of the largest trade volumes. Using CGE modelling framework of GTAP database the study conducts simulations by calibrating the trade liberalisation scenario as of 2018 between India and the ASEAN countries. IAFTA fetches employment growth in manufacturing. But the beneficiaries of this gain are the unskilled labour who benefit both in terms of greater employment and higher wages. Higher usage of unskilled labour in conjunction with increased imported inputs also fetches productivity gains for the country. However, skilled labour employment is hit. Overall impact of IAFTA on manufacturing sector remains positive due to increased trade and employment gains. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 691-710 Issue: 6 Volume: 13 Year: 2020 Keywords: trade; employment; manufacturing; India-ASEAN FTA; CGE modelling; GTAP. File-URL: http://www.inderscience.com/link.php?id=111696 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:6:p:691-710 Template-Type: ReDIF-Article 1.0 Author-Name: Mikhail M. Afanasyev Author-X-Name-First: Mikhail M. Author-X-Name-Last: Afanasyev Author-Name: Irina N. Storozhuk Author-X-Name-First: Irina N. Author-X-Name-Last: Storozhuk Author-Name: Maria A. Komissarova Author-X-Name-First: Maria A. Author-X-Name-Last: Komissarova Author-Name: Konstantin V. Vodenko Author-X-Name-First: Konstantin V. Author-X-Name-Last: Vodenko Author-Name: Roman G. Zaytsev Author-X-Name-First: Roman G. Author-X-Name-Last: Zaytsev Title: Possibilities and perspectives of strategic planning of socio-economic and technological development of a region with the usage of the foresight methodology Abstract: Due to the global tasks of transition of the Russian economy to high technologies and the necessity for improvement of the material and technical basis in the new conditions of the modern market, it is supposed that foresight could become an effective tool of implementing the necessary structural shifts that stimulate the creation of the innovative level of the Russian market. The authors substantiate the necessity for development of a scenario of creation of the organisational and economic system at the level of a territory, which would perform transformation of all existing sectorial and regional resources into the products of innovative activities of companies, which would be the basis for provision of investment attractiveness of Rostov Oblast and the innovative activities on its territory, as well as strengthening the competitive potential of the analyzed region. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 612-621 Issue: 6 Volume: 13 Year: 2020 Keywords: region's economy; foresight; innovative activities of territory; industry; scientific and technological initiatives. File-URL: http://www.inderscience.com/link.php?id=111698 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:6:p:612-621 Template-Type: ReDIF-Article 1.0 Author-Name: Elena V. Karanina Author-X-Name-First: Elena V. Author-X-Name-Last: Karanina Author-Name: Dmitry A. Loginov Author-X-Name-First: Dmitry A. Author-X-Name-Last: Loginov Author-Name: Aleksandr N. Timin Author-X-Name-First: Aleksandr N. Author-X-Name-Last: Timin Title: Overcoming the threats and risks of the strategy of education quality management in a region in Industry 4.0 Abstract: This paper analyses the indicators of development of a region's system of education by the example of Kirov Oblast, Russia. The authors evaluate threats, risks, and perspectives of development of a region's multi-level system of education and present the results of SWOT analysis of the factors and determine the parameters of sustainable innovative development of the educational sphere as a social component of region's economic security in the conditions of Industry 4.0. The offered recommendations for quality management in the sphere of increase of positions of the educational sphere for development of socio-economic system of a region in the conditions of Industry 4.0 will allow overcoming the factors of risks and threats in this important sphere of region's strategic development and will ensure more effective and safer transition to a new level of economy and digital industrialisation. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 632-647 Issue: 6 Volume: 13 Year: 2020 Keywords: system of education; risks; threats; region; innovations; digital technologies; SWOT analysis; factors of development; quality of education; quality management. File-URL: http://www.inderscience.com/link.php?id=111699 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:6:p:632-647 Template-Type: ReDIF-Article 1.0 Author-Name: Nikolay G. Kuznetsov Author-X-Name-First: Nikolay G. Author-X-Name-Last: Kuznetsov Author-Name: Sergey G. Tyaglov Author-X-Name-First: Sergey G. Author-X-Name-Last: Tyaglov Author-Name: Marina A. Ponomareva Author-X-Name-First: Marina A. Author-X-Name-Last: Ponomareva Author-Name: Natalia D. Rodionova Author-X-Name-First: Natalia D. Author-X-Name-Last: Rodionova Title: The alternative energetics development as an important component of regional innovation systems in the context of the best available technologies implementation Abstract: The authors characterise the key types of alternative energy developed in Russian regions to ensure their sustainable socio-economic development. In this article, the authors analyse the experience of foreign countries in the development of alternative energy and its state support. The authors note that alternative energy has a positive trend in Russia, the undoubted advantage of which is the environmentally friendly focus of this strategic development and serves as a promising training ground for introducing the best available technologies (BAT). The authors characterise the key types of alternative energy that could be developed in the Russian regions to ensure their sustainable socioeconomic development and justified the investment attractiveness of alternative energy. The authors prove the necessity of state support for the development of renewable energy sources using the best available technologies (BAT) at the stages of the formation of alternative energy. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 648-662 Issue: 6 Volume: 13 Year: 2020 Keywords: alternative energy; regional innovation systems; best available technologies; BAT; sustainable economic development. File-URL: http://www.inderscience.com/link.php?id=111701 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:13:y:2020:i:6:p:648-662