Template-Type: ReDIF-Article 1.0 Author-Name: Mohamed Assad Allah Matallah Author-X-Name-First: Mohamed Assad Allah Author-X-Name-Last: Matallah Author-Name: Mohamed Amine Benmehaia Author-X-Name-First: Mohamed Amine Author-X-Name-Last: Benmehaia Author-Name: Abdelmadjid Benmebarek Author-X-Name-First: Abdelmadjid Author-X-Name-Last: Benmebarek Title: Agricultural exports and potentials of Algeria: an econometric investigation through gravity model Abstract: This paper investigates Algeria's export flows, with special reference to agricultural exports, through an econometric analysis. Based on the panel data, the gravity model approach has been used to estimate Algeria's exports determinants through annual data covering the period 2001 to 2017 for 98 trading partners. The study also uses measures for export propensities and potentials to examine agricultural exports performances. The main findings indicate that Algerian export sector corroborates the gravity model, importers' GDP and distance are its significant driven factors, the common culture has a significant effect on the agricultural exports sector, and there are more potential to be tapped. Besides, rankings are obtained based on Algerian exports propensities. Some policy recommendations are derived from this study in order to highlight the main considerations to be taken into account to enhance exports sector performance. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 319-335 Issue: 3 Volume: 14 Year: 2021 Keywords: agricultural exports; gravity model; exports potential; panel regression; Algeria. File-URL: http://www.inderscience.com/link.php?id=114949 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:3:p:319-335 Template-Type: ReDIF-Article 1.0 Author-Name: Puja Khatri Author-X-Name-First: Puja Author-X-Name-Last: Khatri Author-Name: Khushboo Raina Author-X-Name-First: Khushboo Author-X-Name-Last: Raina Title: Education and equal opportunity: a study of state initiatives towards gender sensitisation for sustenance of a responsible society Abstract: Equity or equal opportunity in education has remained a focal point of study for recent researches on inclusion. An inclusive society which is said to overlook caste, status, gender, religion, etc., is much cohesive in nature and accepts all individuals for their real identities. There is an urgent need of imparting gender sensitive education at school level in India, in order to, build an inclusive society which aims at respect for all individuals and their equality. The purpose of the study is to map the perceptions of school going students towards various gender and equality related variables and mapping their relationships in light of the steps taken by the government. The study was conducted on 160 students out of which students representing three social-economic status (SES) namely low-income group, middle income group and high-income group were considered. Multivariate analysis (MANOVA) and correlation techniques were applied for data analysis. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 269-287 Issue: 3 Volume: 14 Year: 2021 Keywords: equity in education; responsible living; educational sustenance; inclusive society; gender sensitisation. File-URL: http://www.inderscience.com/link.php?id=114951 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:3:p:269-287 Template-Type: ReDIF-Article 1.0 Author-Name: Binod Kumar Rajak Author-X-Name-First: Binod Kumar Author-X-Name-Last: Rajak Author-Name: Sambashiva Rao Kunja Author-X-Name-First: Sambashiva Rao Author-X-Name-Last: Kunja Author-Name: Punam Singh Author-X-Name-First: Punam Author-X-Name-Last: Singh Title: Emotional labour, stress and employee performance: a study of higher education system Abstract: The teacher is expected to play a multifaceted role in the overall development of students, which makes a teacher's job much more challenging as well as stressful. Creating a conductive environment for a meaning and engaging student-teacher interaction requires the teacher to regulate his/her emotions in a manner with is favourable to a student's wellbeing. In the given competitive and highly demanding educational environment, this study attempts to understand the influence of stress on teacher's performance and the intervening role of EL. The study was conducted on teachers employed in university and colleges across India. The study revealed that DA has a more significant effect on stress in comparison to SA whereas stress strongly affects the EP. EL is one of the crucial factors in creating stress. Our research enriches the existing literature by exploring EL, stress and EP in the perspective of teachers in higher education. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 306-318 Issue: 3 Volume: 14 Year: 2021 Keywords: emotional labour; higher education; stress; employee performance; structural equation modelling; deep acting and surface acting. File-URL: http://www.inderscience.com/link.php?id=114952 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:3:p:306-318 Template-Type: ReDIF-Article 1.0 Author-Name: Rusmawati Said Author-X-Name-First: Rusmawati Author-X-Name-Last: Said Author-Name: Salwaty Jamaludin Author-X-Name-First: Salwaty Author-X-Name-Last: Jamaludin Author-Name: Normaz Wana Ismail Author-X-Name-First: Normaz Wana Author-X-Name-Last: Ismail Author-Name: Norashidah Mohamed Nor Author-X-Name-First: Norashidah Mohamed Author-X-Name-Last: Nor Author-Name: Chen Chen Yong Author-X-Name-First: Chen Chen Author-X-Name-Last: Yong Title: Measuring mismatch unemployment in the Malaysia labour market Abstract: Despite its low unemployment rate, the Malaysia labour market is currently sending signals of mismatch, a misallocation between demand and supply that may occur in the form of educational, skills, geographical, occupational, and industrial mismatches. Failure to identify the right type of mismatches will lead to ineffective policies to solve the unemployment issue. Using matching function, this study aims to calculate the labour mismatch index and measure the contribution of mismatch unemployment to the rise of unemployment rate. Employing various sources of data from the Department of Statistics Malaysia, Ministry of Human Resource Malaysia and Bank Negara Malaysia, this study found the presence of skills mismatch in the Malaysia labour market, with the mismatch index gradually increased from 0.108 in 2007 to 0.273 in 2017. Mismatch unemployment explained at most half of the total observed increase in unemployment rate, signalling severe mismatch in the Malaysia labour market. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 227-247 Issue: 3 Volume: 14 Year: 2021 Keywords: mismatch; unemployment; vacancies; matching models; Malaysia. File-URL: http://www.inderscience.com/link.php?id=114955 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:3:p:227-247 Template-Type: ReDIF-Article 1.0 Author-Name: Arindam Laha Author-X-Name-First: Arindam Author-X-Name-Last: Laha Author-Name: Avisek Sen Author-X-Name-First: Avisek Author-X-Name-Last: Sen Title: Relationship of financial inclusion and physical quality of life: evidences from SAARC countries Abstract: In an inclusive development paradigm, it is expected that the process of financial inclusion reinforces an overall improvement in the quality of life of the population in a country. This paper attempts to examine the cross-country variations in the level of financial inclusion and that of quality of life in SAARC region to establish the empirical relationship between them. Empirical results reveal that linkages from quality of life to financial inclusion is quite robust than the other way round. Evidences in South Asia depict significant cross-country variation: Sri Lanka and Maldives excel in terms of financial inclusion and quality of life, while the performance of Pakistan is not satisfactory at all in both the development indicators. Empirical results based on canonical correlation and the casualty test support the relevance of demand following approach of financial inclusion (rather than supply lending approach) in ensuring higher quality of life. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 248-268 Issue: 3 Volume: 14 Year: 2021 Keywords: financial inclusion; physical quality of life; South Asian Association of Regional Cooperation; SAARC; canonical correlation; panel causality test. File-URL: http://www.inderscience.com/link.php?id=114961 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:3:p:248-268 Template-Type: ReDIF-Article 1.0 Author-Name: Güneş Topçu Author-X-Name-First: Güneş Author-X-Name-Last: Topçu Author-Name: Jale Oran Author-X-Name-First: Jale Author-X-Name-Last: Oran Title: Measuring economic policy uncertainty in Turkey Abstract: The purpose of this paper is to construct a monthly news-based economic policy uncertainty index for Turkey. We used the method proposed by Baker et al. (2016a) to construct the news-based index for the period from February 2000 to December 2018. We used the digital archives of five Turkish newspapers to obtain data. The results show that the Turkish EPU index is affected by both domestic and foreign events. It rises mainly with national elections, national political uncertainties, other uncertainties related to US and Turkish central banks, the failed coup attempt in Turkey, the September 11 terror attacks, and the US presidential elections. The results are in line with the expectations from emerging economies, where political instability is high. The implications of this research for emerging economies are that governments should strengthen constitutions and institutions, and that policy makers should implement economic policies that decrease country risk. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 288-305 Issue: 3 Volume: 14 Year: 2021 Keywords: economic policy; uncertainty; news-based index; elections; political uncertainty; Turkey; emerging economies. File-URL: http://www.inderscience.com/link.php?id=114962 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:3:p:288-305 Template-Type: ReDIF-Article 1.0 Author-Name: Ghazal Shahpari Author-X-Name-First: Ghazal Author-X-Name-Last: Shahpari Author-Name: Hossein Sadeghi Author-X-Name-First: Hossein Author-X-Name-Last: Sadeghi Author-Name: Malihe Ashena Author-X-Name-First: Malihe Author-X-Name-Last: Ashena Author-Name: Mehran Shahpari Author-X-Name-First: Mehran Author-X-Name-Last: Shahpari Title: Economic effects of earthquakes: focusing on the health sector Abstract: This paper aims to clarify the effects of earthquake as a shock to the Iran's economy providing policy makers with insight in the impacts of such shocks. Using CGE approach, it proposes modelling the reduction of capital stock stem from the earthquake and outlining its effects on the GDP, health sectors and household's welfare. Based on simulation results, the GDP decrease and the rate of reduction depend on the severity of the earthquake. Supply side of health sector is affected more than demand side, due to the fact that healthcare centres destroy aftermath of earthquakes. Household's welfare reduces after earthquake and the urban population are more vulnerable. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 85-100 Issue: 1 Volume: 14 Year: 2021 Keywords: earthquakes; health; welfare; computable general equilibrium models. File-URL: http://www.inderscience.com/link.php?id=111935 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:1:p:85-100 Template-Type: ReDIF-Article 1.0 Author-Name: Yuliya Nichkasova Author-X-Name-First: Yuliya Author-X-Name-Last: Nichkasova Author-Name: Kulyash Sadvokassova Author-X-Name-First: Kulyash Author-X-Name-Last: Sadvokassova Author-Name: Nursultan Kayupov Author-X-Name-First: Nursultan Author-X-Name-Last: Kayupov Title: Conceptual model for managing sustainable development of the financial market based on fuzzy cognitive maps: case study of Kazakhstan Abstract: Kazakhstan's financial market, being relatively small in size, does not have the ability to compensate for the needs of economic entities for financing development through market mechanisms. Therefore, a decision support tool is needed to ensure continued growth. The solution was to use a fuzzy cognitive map and a method for constructing indicators of the system's sustainable development which included a set of three types of subsystem: economic, financial institutions, and financial markets. The sample, containing data from between 1993 and 2018, uses 31 indicators of the economic development of Kazakhstan to reflect the ability of the system to develop in terms of depth, accessibility, efficiency, stability, integration, innovation, and cognitive approach of the economic agents. The current state of the financial market for the period up to 2025 indicates initial shallow depth and slow progress requiring increased investment, GDP growth and reduced inflation to stimulate its development. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 1-38 Issue: 1 Volume: 14 Year: 2021 Keywords: economic system; financial market; financial institution; financial indicators; sustainable development; fuzzy cognitive map; FCM; conceptual model; decision support system; strategic decisions; Kazakhstan. File-URL: http://www.inderscience.com/link.php?id=111937 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:1:p:1-38 Template-Type: ReDIF-Article 1.0 Author-Name: Gyanendra Singh Sisodia Author-X-Name-First: Gyanendra Singh Author-X-Name-Last: Sisodia Author-Name: Alberto Ibanez Author-X-Name-First: Alberto Author-X-Name-Last: Ibanez Author-Name: Murale Venugopalan Author-X-Name-First: Murale Author-X-Name-Last: Venugopalan Title: The inconsistent effect of foreign exchange earnings on economic development of Fiji: the strategies and long run relationship through vector error correction modelling Abstract: Foreign aid, foreign direct investment (FDI), exports and remittances result critical for the economic growth of countries that are geographically isolated from the rest of the world and located at disaster prone areas such as Fiji. The research proposes these variables might have a different impact in emerging economies, based on the current social, economic and political context of the recipient country. This implies that prior to allocating scarce resources, each country's framework should have been analysed to maximise their potential impact. For this study, we applied Johansen cointegration and vector error correction model (VECM) on time series data over the period of 1979-2017. The results reveal that the variables under study have a positive impact on the economic growth of Fiji. Furthermore, the combined effect of foreign aid and FDI provides synergies, increasing its positive effects. We recommend Fiji authorities to implement appropriate government policies that prioritise exports, foreign aid, FDI and remittances in the expressed order, in order to foster sustainable economic growth. We also present a policy framework through the integration of results of our study. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 101-117 Issue: 1 Volume: 14 Year: 2021 Keywords: economic growth; foreign aid; foreign direct investment; FDI; inconsistencies; remittances; exports; Pacific case; time series; Fiji. File-URL: http://www.inderscience.com/link.php?id=111942 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:1:p:101-117 Template-Type: ReDIF-Article 1.0 Author-Name: Pablo José Arana Barbier Author-X-Name-First: Pablo José Arana Author-X-Name-Last: Barbier Author-Name: Kurt Johnny Burneo Farfán Author-X-Name-First: Kurt Johnny Burneo Author-X-Name-Last: Farfán Title: Emerging market stock valuation: new evidence from Peru Abstract: There is still a debate regarding which valuation multiples can estimate the price of a stock. Nevertheless, recent research has not considered previous relevant findings and authors are still in an 'exploratory' phase that targets multiples randomly, without analysing intentionally developed and emerging markets separately. The purpose of the investigation is to determine how strongly do the valuation multiples preferred by the literature all around the world explain the price of the stocks in emerging countries such as Peru, through panel data multiple linear regression models. Specific delimitations based on the literature are considered. Results show that: a) the model composed by valuation multiples from different emerging markets studies correlates strongly with the stock price throughout 20 years of analysis; b) the model can be reduced to a very short but statistically solvent expression; c) the commodity-related business is introduced as a novel explanatory variable. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 39-65 Issue: 1 Volume: 14 Year: 2021 Keywords: cost efficiency; EBITDA per share; earnings per share; emerging markets; panel data; multiple linear regression; stock valuation; commodity-related business; valuation models; valuation multiples; Peru. File-URL: http://www.inderscience.com/link.php?id=111949 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:1:p:39-65 Template-Type: ReDIF-Article 1.0 Author-Name: Mehmed Ganić Author-X-Name-First: Mehmed Author-X-Name-Last: Ganić Title: Is financial integration driver of income inequality? A panel co-integration analysis in Europe Abstract: Research on income inequality and finance has become an increasingly popular research area in the post-crisis period. Fully modified (FMOLS) and dynamic OLS (DOLS) co-integrated regression models are employed to empirically explore and estimate the long run co-integration vector for non-stationary panels between 2000 and 2016. The study finds that a NMS-11 with relatively lower integrated international financial flows experience lower levels of income inequality than older EU-15 members that have more integrated international financial flows. These countries experience greater levels of income inequality. Financial development generally leads to decreased income inequality in the whole sample and the NMS-11, whereas the results are mixed for the old EU-15 members. The study recommends government policies, especially in NMS-11 countries and European transition countries, that prioritise further financial market reforms (credit and stock markets) and greater financial freedom and minimise government interference that are vital to development of financial sector and thus economic growth. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 66-84 Issue: 1 Volume: 14 Year: 2021 Keywords: income inequality; financial integration; panel co-integration; European countries. File-URL: http://www.inderscience.com/link.php?id=111950 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:1:p:66-84 Template-Type: ReDIF-Article 1.0 Author-Name: Prianto Budi Author-X-Name-First: Prianto Author-X-Name-Last: Budi Author-Name: Ning Rahayu Author-X-Name-First: Ning Author-X-Name-Last: Rahayu Title: Could the next Indonesian income tax law adopt to the concept of income under IFRS? Abstract: This study has two purposes. The first is to explore the implementation of income concepts under current income tax law (UU PPh) before and after the convergence of International Financial Reporting Standards (IFRS) in Indonesia. The second is to explore whether the new UU PPh could adopt the notion of income under IFRS. By using a qualitative approach, this study concluded that before and after IFRS convergence, the income definition under current UU PPh has never changed since its first 1983 enactment. Such condition has resulted in some income tax issues based on the ability-to-pay principle and realisation doctrine. The main problem relates to the realisation principle as part of the historical cost accounting system, whereas accounting income refers to the mark-to-market, ignoring realisation rules. The second conclusion is that the income concept under the next UU PPh can partially apply the accounting income concept because it still needs the realisation principle. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 151-173 Issue: 2 Volume: 14 Year: 2021 Keywords: the concept of income; ability-to-pay principle; realisation doctrine; historical cost accounting; HCA; fair value accounting; FVA. File-URL: http://www.inderscience.com/link.php?id=113581 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:2:p:151-173 Template-Type: ReDIF-Article 1.0 Author-Name: Kirill Sablin Author-X-Name-First: Kirill Author-X-Name-Last: Sablin Title: Resource-abundance regions of Russia and «dark» side of innovations (cases of Kuzbass and Krasnoyarsk regions) Abstract: The paper is devoted to the study of entrepreneurs' ability those generate Schumpeterian innovations to be a subject of the Russian economy development. Regions those are rich in natural and mineral resources are the object of the study. Research methodology includes concept of dual enclave economy, concept of fragmented innovation systems, and concept of institutional entrepreneurship. Research method is represented with multifunctional φ-Fisher criterion. Activities of entrepreneurs of 'developmental institutions' in Kuzbass and Krasnoyarsk regions are analysed. It is revealed that entrepreneurs faced with a number of problems related not only to the existence of administrative barriers, but also to the lack of demand for their products from large companies, as well as the lack of access to necessary infrastructure. Most of entrepreneurs preferred individual form of interaction with regional authorities representatives that to solve these problems. These facts mean bounded positive externalities arising in the process of innovation activities. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 174-186 Issue: 2 Volume: 14 Year: 2021 Keywords: resource-abundance regions; institutional environment; Schumpeterian innovations; rent-seeking behaviour. File-URL: http://www.inderscience.com/link.php?id=113582 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:2:p:174-186 Template-Type: ReDIF-Article 1.0 Author-Name: Evi Thelia Sari Author-X-Name-First: Evi Thelia Author-X-Name-Last: Sari Author-Name: Maria Rochelle G. Divinagracia Author-X-Name-First: Maria Rochelle G. Author-X-Name-Last: Divinagracia Title: Revealed comparative advantage and constant market share analysis of Indonesian cinnamon in the world market Abstract: The study analysed the RCA and CMS of Indonesian cinnamon in the world market. Data on all types of cinnamon products traded by Indonesia to USA and the world market from 1987 to 2017 were retrieved from the UN Comtrade. Results showed that Indonesian cinnamon has comparative advantage in either the world or US market because the RCA value is greater than one. The CMS analysis indicated that Indonesian cinnamon garnered positive signs for the world effect, commodity growth effect, and competitiveness. The negative sign of market distribution implied the difficulty of Indonesian cinnamon to increase its volume of exports to the US market. The Indonesian government should identify other markets, and not solely depend on the requirements of the US market. There is an opportunity for Indonesians to grow and produce cinnamon to increase its supply to existing and potential markets. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 187-198 Issue: 2 Volume: 14 Year: 2021 Keywords: cinnamon; spices; revealed comparative advantage; RCA; constant market share; CMS. File-URL: http://www.inderscience.com/link.php?id=113583 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:2:p:187-198 Template-Type: ReDIF-Article 1.0 Author-Name: Adisak Suvittawat Author-X-Name-First: Adisak Author-X-Name-Last: Suvittawat Title: Thai pottery industry economic innovation on the edge pottery purchasing decision factors Dan Kwian pottery village - a case study (purchasing decision factors case study of Dan Kwian pottery village) Abstract: Thailand is well known for its floating markets and night markets in Bangkok and surrounding areas. It is lesser known for its pottery markets which include Jattuchak market (JJ market) and the most famous Dan Kwian pottery village on the outskirts Nakhon Ratchasima city, also known as Korat. This quantitative research project focused on the market visitors' perceptions and purchasing decision making in relation to pottery shopping at the Dan Kwian market. This destination shopping experience combines affordable prices with cultural tourism and economic development and entrepreneurship. This research project concentrated on the product characteristics and pricing of Thai pottery. With the main points to be researched being: does the product match the needs of the consumer?; what is the relationship between product and price?; as well as styles and form factors of the pottery products and the colour varieties of the pottery products. The main purpose of going to the pottery market was shopping for reasonable local products while supporting the local economy. The majority of the shoppers had a positive shopping experience and were happy with the quality and prices at the Dan Kwian pottery market. It is hoped to replicate this study at other pottery markets in Thailand and around the world. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 136-150 Issue: 2 Volume: 14 Year: 2021 Keywords: destination tourism; economic; farmer markets; pottery markets. File-URL: http://www.inderscience.com/link.php?id=113584 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:2:p:136-150 Template-Type: ReDIF-Article 1.0 Author-Name: Novita Puspasari Author-X-Name-First: Novita Author-X-Name-Last: Puspasari Author-Name: Yudha Aryo Sudibyo Author-X-Name-First: Yudha Aryo Author-X-Name-Last: Sudibyo Title: Mapping innovation in Indonesian cooperative: priorities, obstacles and challenges to survive Abstract: Indonesia has the largest number of cooperatives in the world, however cooperatives have not been able to contribute optimally to the country's economy. Therefore, innovation is needed in order to develop Indonesian cooperatives. This research aims to measure cooperatives innovation priorities and map such innovations in Indonesia. The method used was mixed method through survey and in-depth interviews sequentially. 1,050 cooperatives became the respondent of the survey, while 113 cooperatives became the participant of the interviews. The study found that innovation priority in cooperatives varies among provincial clusters and quadrants. The implications of this research will be a baseline for conducting necessary interventions to build cooperative innovation ecosystem in Indonesia. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 214-225 Issue: 2 Volume: 14 Year: 2021 Keywords: cooperative; innovation; mixed method; innovation ecosystem. File-URL: http://www.inderscience.com/link.php?id=113585 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:2:p:214-225 Template-Type: ReDIF-Article 1.0 Author-Name: Liliana Dewi Author-X-Name-First: Liliana Author-X-Name-Last: Dewi Author-Name: Eko Budi Santoso Author-X-Name-First: Eko Budi Author-X-Name-Last: Santoso Author-Name: Kazia Laturette Author-X-Name-First: Kazia Author-X-Name-Last: Laturette Title: Owner-manager objectives as significant driving factor of family business performance Abstract: The purpose of this study was to determine performance as conceived by the owner-manager (POM) of the owner-manager profile (OMP) and owner-manager objectives (OMO). In analysing the results, the researcher used the method of partial least square regression software applied to data from 56 Indonesian business families. The results obtained are first, OMO has a significant effect on POM. Second, OMP has no significant effect on POM. Indicators of owner-manager education are influential as formative indicators of OMP. The indicator of knowledge sharing knowledge and knowledge of the growth of the owner-managers company has an effect as a formative indicator of OMO. Indicator of the ability to use company resources and the ability to read owner-manager financial statements have an effect as a formative indicator of POM. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 199-213 Issue: 2 Volume: 14 Year: 2021 Keywords: family business; owner-manager objectives; OMO; owner-manager profile; OMP; performance owner-manager. File-URL: http://www.inderscience.com/link.php?id=113587 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:2:p:199-213 Template-Type: ReDIF-Article 1.0 Author-Name: Elżbieta Bukalska Author-X-Name-First: Elżbieta Author-X-Name-Last: Bukalska Author-Name: Anna Wawryszuk-Misztal Author-X-Name-First: Anna Author-X-Name-Last: Wawryszuk-Misztal Title: Does the board of directors' characteristics affect the amount of capital raised in IPO? Abstract: Attracting the interest of investors and gaining capital during the initial public offering (IPO) is the most important task that a company faces while going public. Management board diversity is the tool that company use to signal their value. The aim of this study is to analyse the relation between the management board composition and the amount of capital gained by Polish non-financial companies going public on the Warsaw Stock Exchange over the period of 2006-2018. The results of multivariate regression analysis show that larger board size and higher level of board diversity in terms of age are statistically significant and are positively associated with the amount of capital raised in IPO by companies. Still, board gender diversity is not an important factor explaining IPO proceeds. Our study reveals that control variables such as company size and listing delay, but not profitability, are correlated with the dependent variable. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 121-135 Issue: 2 Volume: 14 Year: 2021 Keywords: IPO proceeds; corporate governance; management board diversity. File-URL: http://www.inderscience.com/link.php?id=113589 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:2:p:121-135 Template-Type: ReDIF-Article 1.0 Author-Name: Sanjeet Singh Author-X-Name-First: Sanjeet Author-X-Name-Last: Singh Author-Name: R. Jayaram Author-X-Name-First: R. Author-X-Name-Last: Jayaram Title: Climate finance: a systematic literature review Abstract: Climate finance has a significant role in sustainable economy. In this systematic review, 80 journal articles related to climate finance of the last two decades (1999-2019) had been reviewed from the sources of Web of Science and Scopus. This review had selectively categorised the existing literature on climate finance into three broad issues, that is, donor-related issues, and recipient related issues and common issues. The study had identified eight sub-issues (accounting issues, political issues, governance issues, allocation issues, bias issues, issues related to the burden of climate finance, recipient issues, and financial management issues) in connection with major issues in climate finance. This study concluded that many of the issues were unresolved and identified the under-researched areas like accounting challenges, donor domination, gender issues, human rights, and weakness of local institutions and allocation model issues as the futuristic areas of research in relation with climate finance issues. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 566-580 Issue: 5/6 Volume: 14 Year: 2021 Keywords: climate finance; adaptation finance; mitigation finance; sustainable economy; allocation issues; sustainable finance; climate fund. File-URL: http://www.inderscience.com/link.php?id=118977 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:5/6:p:566-580 Template-Type: ReDIF-Article 1.0 Author-Name: Harsh Purohit Author-X-Name-First: Harsh Author-X-Name-Last: Purohit Author-Name: Pawandeep Kaur Bindra Author-X-Name-First: Pawandeep Kaur Author-X-Name-Last: Bindra Title: Attitude of beneficiaries towards financial literacy initiatives taken up by private sector banks for sustainable development with special reference to Rajasthan Abstract: This study attempts to assess the impact of private sector bank's (ICICI Bank, Axis Bank and HDFC Bank) initiatives for teaching their beneficiaries about retirement and insurance planning, estate planning, alternative channels of banking, promotional mediums and their ability to save. As these five were components of financial literacy, the data collection instrument consisted of structured questionnaire. Five factors were identified through exploratory factor analysis. This study surveys 531 beneficiaries from four different districts of Rajasthan. The study found there is significant positive impact of initiatives taken by private sector banks for increasing savings, retirement and insurance planning of individuals and their ability to save and their ability to make retirement and insurance planning. Medium correlations were found between promotional measures taken by banks and understanding of beneficiaries about financial services and products. As far as the estate planning is concerned beneficiaries were not satisfied with initiatives taken up by the banks. It was observed from the study that there is significant positive impact of initiatives taken up by banks for teaching about alternative of channels of banking and understanding about these channels by beneficiaries. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 519-535 Issue: 5/6 Volume: 14 Year: 2021 Keywords: retirement and insurance planning; promotional mediums; financial literacy; sustainable development; private sector banks; savings; Rajasthan. File-URL: http://www.inderscience.com/link.php?id=118980 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:5/6:p:519-535 Template-Type: ReDIF-Article 1.0 Author-Name: Zahra Khalilnejad Author-X-Name-First: Zahra Author-X-Name-Last: Khalilnejad Author-Name: Raha Gharraie Author-X-Name-First: Raha Author-X-Name-Last: Gharraie Title: Financial development and economic growth: the inflation threshold effect Abstract: Although financial development seems to have a vital positive impact on the economic growth, some studies indicate that the ability of the financial sector to allocate resources efficiently depends on the inflation rate. The main object of this paper is to investigate whether the inflation threshold effect has any impact on the relationship between financial development and the economic growth, applying TAR model for a group of MENA countries. The results reveal two inflationary regimes in Egypt, Morocco, and Iran and three in Algeria. Afterwards, the effect of financial development on economic growth for each inflationary regime is estimated using nonlinear models. The findings imply that, unlike low inflation periods, in high inflation regimes, financial development has either no significant or a destructive impact on the growth rate. The findings support the view that for countries experiencing relatively high inflation rates, pursuing financial reform would not lead to economic growth. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 581-595 Issue: 5/6 Volume: 14 Year: 2021 Keywords: financial development; inflation; threshold model; growth model. File-URL: http://www.inderscience.com/link.php?id=118981 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:5/6:p:581-595 Template-Type: ReDIF-Article 1.0 Author-Name: Priya Gupta Author-X-Name-First: Priya Author-X-Name-Last: Gupta Title: Causal nexus between sustainable economic growth and economic and institutional determinants: an advanced panel data estimation for BRICS countries Abstract: The objective of this study is to find the causal nexus between sustainable economic growth and its determinants (both economic and institutional) in the context of the five most emerging countries of the world i.e., BRICS for a period of 17 years (2002-2018). In the presence of unit root problem and cross-sectional dependence, Kao (1999) cointegration test followed by Dumitrescu and Hurlin (2012) Granger non-causality test with the bootstrap procedure has been applied to examine the direction of causality. Additionally, FMOLS and DOLS techniques have been executed to examine the impact of all the determinants on sustainable economic growth in the long run. Lastly, the study also discusses the augmented mean group estimates (Eberhardt and Teal, 2010) to analyse the significant determinants impacting sustainable economic growth country wise. The results of the study are consistent with the available empirical literature for all the countries. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 596-625 Issue: 5/6 Volume: 14 Year: 2021 Keywords: sustainable growth; BRICS; cross-sectional dependence; CSD; FMOLS and DOLS; cointegration; Granger non-causality; emerging economies; panel data. File-URL: http://www.inderscience.com/link.php?id=118982 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:5/6:p:596-625 Template-Type: ReDIF-Article 1.0 Author-Name: Mohd Shamshad Author-X-Name-First: Mohd Author-X-Name-Last: Shamshad Author-Name: Syed Hameedur Rahman Zaini Author-X-Name-First: Syed Hameedur Rahman Author-X-Name-Last: Zaini Author-Name: Zahin Ansari Author-X-Name-First: Zahin Author-X-Name-Last: Ansari Author-Name: Asif Akhtar Author-X-Name-First: Asif Author-X-Name-Last: Akhtar Title: Measuring the impact of sustainable banking variables in creating business opportunities Abstract: The aim of this paper is to measure the impact of selected variables of sustainable banking in India on business opportunities. This has been done by developing and validating the model with the help of SmartPLS software. The data is collected from a select sample of employees of Indian banks. Structural equation modelling is done by using the partial least square technique. The research finds that among the variables of sustainable banking, 'growing environmental concerns' precedes all other variables in priority. Also, the integration of sustainability procedures in banks' service channels significantly impacts business opportunities. Overall, the findings indicate that the adoption of sustainability principles in banking operations may lead to the moderate increase in creation of business opportunities. The study has important implications for industry as well as society. When the banking industry conducts its operations in a sustainable way, the impact on the overall environment is reduced. The industry benefits as such steps contribute to the creation of business opportunities. The paper presents a unique study in the sense that no other paper was found in the literature measuring the impact of sustainable banking variables on the creation of business opportunities. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 452-471 Issue: 5/6 Volume: 14 Year: 2021 Keywords: sustainable banking; PLS-SEM; sustainability reporting system; SRS; banking structures; green products and services; GPS; business opportunities. File-URL: http://www.inderscience.com/link.php?id=118983 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:5/6:p:452-471 Template-Type: ReDIF-Article 1.0 Author-Name: Divya Verma Gakhar Author-X-Name-First: Divya Verma Author-X-Name-Last: Gakhar Author-Name: Shweta Kundlia Author-X-Name-First: Shweta Author-X-Name-Last: Kundlia Title: Impact of sentiments on stock returns, volatility and liquidity Abstract: This study aims to predict stock characteristics such as returns, volatility, and liquidity of companies involved in sustainable investments, using sentiment analysis. The paper uses lexicon-based sentiment analysis and develops regression-based predictive models for testing the impact of Twitter sentiments on stock market movements using four sentiment scores (positive, negative, total, and directional). It is found that positive Twitter sentiments are better able to predict stock returns and volatility than liquidity. While negative sentiment scores can better predict volatility and liquidity than stock returns. All stock market variables are found to be significantly affected by the total number of tweets, i.e., posting volumes. Our study suggests that investors investing in companies with sustainability interests tend to keep track on their corporate social platforms, and thus, companies involved in sustainable investments should remain active on social networking platforms such as Twitter to maintain their corporate image and enhance social value. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 536-565 Issue: 5/6 Volume: 14 Year: 2021 Keywords: sentiment analysis; Twitter; illiquidity; sustainability. File-URL: http://www.inderscience.com/link.php?id=118985 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:5/6:p:536-565 Template-Type: ReDIF-Article 1.0 Author-Name: Hiranmoy Roy Author-X-Name-First: Hiranmoy Author-X-Name-Last: Roy Author-Name: Mohammad Younus Bhatt Author-X-Name-First: Mohammad Younus Author-X-Name-Last: Bhatt Title: Challenges and solution for renewable energy development in Uttarakhand, India Abstract: The central objectives of this paper are to identify and analyse the issues of renewable energy sector in the state of Uttarakhand and to suggest a suitable framework for renewable energy development in the state. We have used Delphi method to take expert opinion for this study. We have also taken interviews of power sector experts and renewable energy experts to get in-depth information on the issues and come out with solutions. Interviews with the experts gave us meaningful insights that a generalised public source will not be able to provide. As there is a huge gap between the demand and supply of renewable energy in Uttarakhand till 2030, it is suggested that a framework for an integrated policy strategy for rapid renewable energy implementation is developed that complements both the existing and planned power projects. This framework is based on national and international best practices and expert's opinion. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 487-503 Issue: 5/6 Volume: 14 Year: 2021 Keywords: renewable energy; hydropower; solar energy; Delphi method; Uttarakhand; India. File-URL: http://www.inderscience.com/link.php?id=118990 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:5/6:p:487-503 Template-Type: ReDIF-Article 1.0 Author-Name: Harsh Purohit Author-X-Name-First: Harsh Author-X-Name-Last: Purohit Author-Name: Ravisha Chutani Author-X-Name-First: Ravisha Author-X-Name-Last: Chutani Title: An analysis of financial literacy level of households of Punjab and Haryana state Abstract: The purpose of this paper is to assess the financial literacy level of households in the state of Punjab and Haryana. Also, it examines the relationship between financial literacy level and demographic variables. A modified questionnaire has been developed for data collection which covers the respondents' demographic variables and also identifies 33 variables affecting their financial literacy level. To frame the financial literacy level of the respondents, the median percentage of the responses of the sample was considered. A simple random sample of 800 respondents is used: male respondents, people in the age group of 31 to 35 years, above 35 years, married, graduates, post-graduates and doctorates, people living in semi-urban and urban areas, private employees, business persons and government employees, people having monthly income between Rs. 25,000 to Rs. 45,000 and >Rs. 45,000 possess higher levels of financial literacy. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 472-486 Issue: 5/6 Volume: 14 Year: 2021 Keywords: demographics; Indian households; financial information; financial literacy; regression analysis. File-URL: http://www.inderscience.com/link.php?id=118991 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:5/6:p:472-486 Template-Type: ReDIF-Article 1.0 Author-Name: Ankush Goyal Author-X-Name-First: Ankush Author-X-Name-Last: Goyal Author-Name: Manish Kumar Jha Author-X-Name-First: Manish Kumar Author-X-Name-Last: Jha Title: Social inclusion from development perspective: towards theoretical synthesis and policy framework Abstract: There are a large number of views from scholars about the concept of social inclusion focusing on their respective fields and disciplines. This research article presents a comprehensive framework derived from the scholarly investigation into the existing research literature on social inclusion. An analysis has been done to elucidate the concept and meaning of social inclusion in various contexts. A synthesis of theoretical research has also been done to develop a common conceptual framework that identifies various social groups facing exclusion in the society, forms or symptoms and dimensions or indicators of exclusion. Moreover, major forces or process causing social exclusion have been delineated. Finally, major policies have been described that can be substantial in resolving the problem of exclusion in the society. The proposed conceptual framework would help in streamlining and mapping the various aspects of research in the area of social inclusion. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 504-518 Issue: 5/6 Volume: 14 Year: 2021 Keywords: social exclusion; social inclusion; social groups; participation; policy. File-URL: http://www.inderscience.com/link.php?id=118996 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:5/6:p:504-518 Template-Type: ReDIF-Article 1.0 Author-Name: Puspi Eko Wiranthi Author-X-Name-First: Puspi Eko Author-X-Name-Last: Wiranthi Title: Asymmetric price transmission of Indonesian, Thailand, and the Philippine canned tuna to the European market Abstract: Although Thailand and the Philippines have dominated the canned tuna market, Indonesia indicates an upward export value to the EU. Data revealed that there were differences in the speed of price adjustments between the three countries and there was an indication that Indonesia responded more quickly to changes of Thailand and the Philippine prices over the past few years. Therefore, in this study, the causality price relationship is examined by employing monthly data from January 2008 until September 2018. Asymmetric error correction model (AECM) was performed through the E-Views 10 statistical package to analyse a short and long term price transmission. The results indicate that the canned tuna export prices from the three exporting countries are well cointegrated. The short-term price transmission of Thailand and the Philippines has an asymmetrical influence on an increase of Indonesian prices while the long-term price transmission between three countries occurs symmetrically. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 377-391 Issue: 4 Volume: 14 Year: 2021 Keywords: market integration; price transmission; canned tuna; Indonesia; Thailand; the Philippines; AECM. File-URL: http://www.inderscience.com/link.php?id=116451 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:4:p:377-391 Template-Type: ReDIF-Article 1.0 Author-Name: James Alic Garang Author-X-Name-First: James Alic Author-X-Name-Last: Garang Title: Agency creation as an instrument of rent-seeking in South Sudan Abstract: The paper, analysing secondary data and case studies of select events, focuses on instruments that economic agents have used to extract rents from the state in South Sudan. Invoking a simplified conceptual framework nested in the rent-seeking theory, it finds that agency creation, a profound penchant to form new institutions, was not confined but widespread across the government in the period 2005-2016. In furthering the agency creation hypothesis, the paper argues that institutional weaknesses, mostly in the public sector, and oil bonanza have enabled economic actors to bring about innovations in the rent-seeking market in which individual agents, including importers, well-connected elites and members of public created or chose existing government agencies as instruments to capture rents. The paper concludes by urging more vigilance in addressing agency creation or shopping, either of which is more pronounced where institutions are weak, with resource abundance creating opportunities for rent-seeking. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 360-376 Issue: 4 Volume: 14 Year: 2021 Keywords: South Sudan; agency creation; agency shopping; letter of credit; Dura scheme; crisis management committee; CMC; market imperfections. File-URL: http://www.inderscience.com/link.php?id=116452 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:4:p:360-376 Template-Type: ReDIF-Article 1.0 Author-Name: Pranab K. Pani Author-X-Name-First: Pranab K. Author-X-Name-Last: Pani Author-Name: Hameedah Sayani Author-X-Name-First: Hameedah Author-X-Name-Last: Sayani Title: Exploring the transmission and determinants of volatility shocks in emerging South-Asian markets Abstract: The transmission of volatility shocks in two prominent South Asian markets is analysed to identify whether shocks in these markets overlap and are associated with any global or national events. This study attempts to provide an insight into the interdependence between these markets and their interaction with the US market. The data is analysed using multiple methods. First, the iterated cumulative sum of squares (ICSS) algorithm is employed to determine shocks in the returns series and then examined to understand their domestic/global scope. A modified version of GARCH (1, 1), is used to determine the impact of events on volatility persistence. The study reveals that the shocks in important stock indices associate mostly with country-specific or regional political and/or economic events. The assimilation of shocks in the GARCH (1, 1) model improves the volatility measures only in two of the candidate markets. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 392-414 Issue: 4 Volume: 14 Year: 2021 Keywords: BSE30; KSE100; ICSS algorithm; emerging market; GARCH (1, 1); break points; stock exchange; South-Asian markets; volatility shocks. File-URL: http://www.inderscience.com/link.php?id=116453 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:4:p:392-414 Template-Type: ReDIF-Article 1.0 Author-Name: Aurelija Petronyte Author-X-Name-First: Aurelija Author-X-Name-Last: Petronyte Author-Name: Aurelija Ulbinaite Author-X-Name-First: Aurelija Author-X-Name-Last: Ulbinaite Title: Entrepreneurship promotion as a tool to counter youth emigration Abstract: The purpose of the research is to assess the relationship between youth participation in entrepreneurship promotion initiatives, entrepreneurship, and emigration attitudes. The quantitative test method presented in the article consists of three key parts that have their specifics of evaluation and different methodologies. This method has been used to better understand the similarities and differences between the general global trends and the processes taking place in Lithuania; in terms of youth entrepreneurship, emigration attitudes, and entrepreneurship promotion. A study conducted in the fifth largest region of Lithuania, which has the highest youth unemployment, i.e., Utena Region, did not show a correlation between the analysed elements. The lack of a correlation suggests that while promoting entrepreneurship is a prerequisite for higher entrepreneurship, higher levels of knowledge may not always lead to a greater willingness to start a business. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 415-442 Issue: 4 Volume: 14 Year: 2021 Keywords: youth; entrepreneurship; emigration intentions; correlation; entrepreneurship promotion; employment; entrepreneurship intentions questionnaire. File-URL: http://www.inderscience.com/link.php?id=116456 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:4:p:415-442 Template-Type: ReDIF-Article 1.0 Author-Name: Jyoti Yadav Author-X-Name-First: Jyoti Author-X-Name-Last: Yadav Author-Name: Anil K. Saini Author-X-Name-First: Anil K. Author-X-Name-Last: Saini Author-Name: Amit Kumar Yadav Author-X-Name-First: Amit Kumar Author-X-Name-Last: Yadav Title: Measuring employee engagement for sustainable e-government projects - Indian context Abstract: The digital era has completely transformed interaction between the government and its stakeholders by enhancing transparency, efficiency and reliability in ecosystem. Employees' role is very crucial and inimitable in ensuring smooth operations of such high aiming projects. The purpose of study is to identify and analyse crucial factors from a socio technical aspect for sustainability of e-government projects. The factors have been identified using existing literature and interviews conducted from audit agencies. An algorithm and model have been developed and validated using dataset of 600 respondents. The data consist of sample having good mix of government and private employees with varied experience. The results have been statistically analysed and interpreted using regression. The findings have revealed that significance of factors varies based on various stages, experience and category of employees. The model prepared could help decision makers in deriving meaningful insights and measures which could be taken during various stages of the project. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 337-359 Issue: 4 Volume: 14 Year: 2021 Keywords: e-government; mission mode projects; MMP projects; public private partnership; PPP model; employee perspective approach; EPA; developing countries. File-URL: http://www.inderscience.com/link.php?id=116457 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:14:y:2021:i:4:p:337-359