Template-Type: ReDIF-Article 1.0 Author-Name: Zhanarys Sabirovich Raimbekov Author-X-Name-First: Zhanarys Sabirovich Author-X-Name-Last: Raimbekov Author-Name: Bakyt Uzakbayevna Syzdykbayeva Author-X-Name-First: Bakyt Uzakbayevna Author-X-Name-Last: Syzdykbayeva Author-Name: Kamshat Pazilbekovna Mussina Author-X-Name-First: Kamshat Pazilbekovna Author-X-Name-Last: Mussina Author-Name: Zhanar Abdirayevna Dulatbekova Author-X-Name-First: Zhanar Abdirayevna Author-X-Name-Last: Dulatbekova Author-Name: Bekzhan Yerlanovich Sadykov Author-X-Name-First: Bekzhan Yerlanovich Author-X-Name-Last: Sadykov Author-Name: Assem Serikovna Baktymbet Author-X-Name-First: Assem Serikovna Author-X-Name-Last: Baktymbet Title: The impact of international transport corridors on the economic development of regions (on the example of the Kazakhstani railway corridor) Abstract: Transport corridors are subject to risks from the ambiguity of such a key conceptual issue as the influence of transport corridors on the development of the economies of the regions located along them. This empirical study establishes an interactive statistical relationship between indicators of the international transport corridor development, which runs through certain regions of the country, and the economic development of these regions. Multidimensional regression analysis is used to determine the significant economic factors affecting the development of the transport corridor, as well as determining the indicators of the transport corridor that affect the development of the regional economy. The established relationships and factors that reflect the interdependence of indicators of socio-economic development of the region and the infrastructure of the international transport corridor can have a significant impact on economic growth and bilateral development, which must be taken into account when planning investment and transport policies. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 46-69 Issue: 1 Volume: 15 Year: 2022 Keywords: international transport corridor; transport infrastructure; economic growth; econometric model; economic influence; regional development. File-URL: http://www.inderscience.com/link.php?id=120064 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:1:p:46-69 Template-Type: ReDIF-Article 1.0 Author-Name: Chokri Zehri Author-X-Name-First: Chokri Author-X-Name-Last: Zehri Title: Impacts of restrictions on capital flows: an ARDL and local projections approaches Abstract: The literature on impacts of restrictions on capital flows (ROCF) has many serious issues that make it difficult, if not impossible, to compare across theoretical and empirical studies. The paper revisits our earlier study 'Capital controls impacts: the challenge of policy coordination' by using a sample of 32 emerging economies (EEs) for the period 2000 to 2018. Two new approaches are followed, the autoregressive distributed lag (ARDL), and the local projections regression with impulse response functions. The study identifies the periods of ROCF and investigates whether ROCF affect domestic interest rate, exchange rate, and foreign exchange reserves. The results show that tightened ROCF allow to higher domestic interest rate, a more flexible exchange rate policy, and favour the hold of foreign exchange reserves. The study highlights some adverse effects of ROCF, particularly, the negative spillovers to neighbouring countries. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 303-316 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: restrictions; flows; interest rate; flexible exchange; reserves. File-URL: http://www.inderscience.com/link.php?id=121344 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:303-316 Template-Type: ReDIF-Article 1.0 Author-Name: Balraj Verma Author-X-Name-First: Balraj Author-X-Name-Last: Verma Author-Name: Amit Srivastava Author-X-Name-First: Amit Author-X-Name-Last: Srivastava Title: Dimensions of globalisation and economic growth of India: exploring causal linkages Abstract: After experiencing more than two decades of the era of globalisation, it is pertinent to test the influence of the globalisation dimensions (namely - trade, financial, cultural, interpersonal, informational and political) on the Indian economic growth. The present study not only tests but also tries to explore the causal linkages between dimensions of globalisation and the economic growth in context to India. The study applies Johansen cointegration test and VAR/VECM for finding out the cointegration and causal linkages. To ascertain the robustness, the study also performs residual tests for normality, serial correlation and heteroskedasticity. The result shows the long-run convergence between the globalisation's dimensions and India's economic growth. All the six dimensions of globalisation showed long-run convergence and short-run multivariate causality with Indian economic growth. Financial globalisation showed bi-directional causality with GDP. Also, the study established a unidirectional causal effect of GDP towards trade, information and interpersonal globalisation in the long-run. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 197-213 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: globalisation; economic growth; KOF Globalization Index; cointegration; vector autoregressive; VAR; vector error correction model; VECM; Granger causality; stationarity; India. File-URL: http://www.inderscience.com/link.php?id=121345 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:197-213 Template-Type: ReDIF-Article 1.0 Author-Name: Mohammad Abdul Matin Chowdhury Author-X-Name-First: Mohammad Abdul Matin Author-X-Name-Last: Chowdhury Author-Name: Razali Haron Author-X-Name-First: Razali Author-X-Name-Last: Haron Author-Name: M.I. Kom Sulistyowati Author-X-Name-First: M.I. Kom Author-X-Name-Last: Sulistyowati Author-Name: Md. Abdullah Al Masud Author-X-Name-First: Md. Abdullah Al Author-X-Name-Last: Masud Title: The efficiency of commercial banks in Indonesia Abstract: The banking sector plays a very important role in economic development through stimulation of savings and investment. The main purpose of this study is to evaluate and compare the banking efficiency between public, private, and commercial banks in Indonesia. The data were collected from consolidated annual reports of 21 commercial banks for the period 2013-2018. The DEA approach was applied to identify the efficiency of all types of banks and finally compared using the technical efficiency (TE), the pure technical efficiency (PTE) and the scale efficiency (SE). The findings showed that all commercial banks are required to improve their management practices while Islamic banks are comparably better in overall technical efficiency. Finally, these findings suggest banks to improve their efficiency through utilising maximum inputs to produce higher outputs. Policy makers may consider the findings to improve monitoring and regulating the most effective and adequate policies to improve banking growth. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 280-302 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: bank efficiency; Islamic and conventional banks; commercial banks; data envelopment analysis; DEA; Malmquist Index; total factor productivity change; Indonesian banks; Indonesia. File-URL: http://www.inderscience.com/link.php?id=121346 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:280-302 Template-Type: ReDIF-Article 1.0 Author-Name: Lina Anatan Author-X-Name-First: Lina Author-X-Name-Last: Anatan Title: A review on dynamics and policies of knowledge transfer between university and industry Abstract: This article discusses a literature review regarding the dynamics and policies adopted by the government to manage knowledge transfer. This paper also discusses knowledge transfer activities in Japan, which is focused on the model of knowledge transfer and policies implemented in Japan and the importance of regulative pressure to optimise the transfer of knowledge. Literature on knowledge transfer between university and industry, specifically in Indonesia, is still limited and lead to the gap on related studies. This literature review was conducted to fill the gap that focused on dynamics and policies of knowledge transfer between university and industry. Through the discussion, it is expected to give insights and lesson learned for organisations in Indonesia to manage knowledge transfer activities between universities and industries. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 262-279 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: knowledge transfer activities; dynamics; government policies. File-URL: http://www.inderscience.com/link.php?id=121347 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:262-279 Template-Type: ReDIF-Article 1.0 Author-Name: Erekle Pirveli Author-X-Name-First: Erekle Author-X-Name-Last: Pirveli Author-Name: Teona Shugliashvili Author-X-Name-First: Teona Author-X-Name-Last: Shugliashvili Author-Name: Nino Machavariani Author-X-Name-First: Nino Author-X-Name-Last: Machavariani Title: Economic policy of COVID-19: an emerging country perspective Abstract: This work aims to establish a sectoral priority ranking for the emerging economy of Georgia. Based on 1,886 small, medium and large private entities from the eight largest sectors of the economy, we build a novel Sectoral Performance Index (SPI), detecting sectors' existing as well as potential contributory roles measured by GDP production, employment, intersectoral trade and firm-level efficiency (size, income levels and profitability). Findings reveal that the manufacturing industry, due to its deepest inter-sectoral networks in the input-output matrix, performs best and thus may serve well as an economic backbone of the country. The results are inconsistent with Georgia's current economic agenda with the focus on tourism industry. The latter, due to its high crisis-vulnerability and low performance, neither is suggestible as a top priority sector throughout the hard-times of COVID-19, nor is recommended in other times of economic development. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 214-250 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: economic policy; Georgia; COVID-19; sectoral performance index; growth; SPI; development; sectoral analysis. File-URL: http://www.inderscience.com/link.php?id=121348 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:214-250 Template-Type: ReDIF-Article 1.0 Author-Name: Sugandh Arora Author-X-Name-First: Sugandh Author-X-Name-Last: Arora Author-Name: Tawheed Nabi Author-X-Name-First: Tawheed Author-X-Name-Last: Nabi Title: Determinants affecting household food security in India: a critical review Abstract: Food security exists when all people, at all time, have physical and economic access to sufficient and nutritious food. The study aims at developing a conceptual model on determinants influencing the household food security in India. Theoretical model approach and systematic investigation of the available literature was undertaken, to identify various determinants affecting the household food security (HFS). The results inferred that factors viz., age of the household, gender, education, employment, household members' income, social status, nutritional knowledge, land ownership, assets, inflation, land production, livestock are important factors for determining HFS. A deceptive restraint of the study was the non-existence of the contributions based on empirical data. Future research should empirically validate the conceptual framework and examine the mediating and moderating effects of antecedents on the relationship between HFS and various determinants. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 317-330 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: household food security; HFS; determinants; nutritional knowledge; systematic review; India. File-URL: http://www.inderscience.com/link.php?id=121349 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:317-330 Template-Type: ReDIF-Article 1.0 Author-Name: Mashrifa Islam Author-X-Name-First: Mashrifa Author-X-Name-Last: Islam Title: Analysing financial inclusion strategies in Bangladesh: a Global Findex perspective Abstract: Only 41% of people in Bangladesh have reported having a bank account (Global Findex, 2017); which means close to 100 million people in Bangladesh are out of the formal financial system. There has been a slow growth in the proportion of people with accounts in Bangladesh, which is unusual in the context of a rapidly developing South Asia, especially during a time where financial inclusion has taken centre stage among policy leaders. This study collates the financial inclusion policies adopted by the Government of Bangladesh and discusses how they translate to actual financial inclusion data found on the Global Findex database. It finds that to improve the financial inclusion scenario, Bangladesh should build urgency around rural branch penetration, improve nationwide financial awareness, build trust in the banking sector, and nurture the digital financial service sector. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 331-350 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: financial inclusion; strategies; Bangladesh; Findex; policy; government; development; inclusive. File-URL: http://www.inderscience.com/link.php?id=121350 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:331-350 Template-Type: ReDIF-Article 1.0 Author-Name: Meenakshi Duggal Author-X-Name-First: Meenakshi Author-X-Name-Last: Duggal Author-Name: Tushinder Preet Kaur Author-X-Name-First: Tushinder Preet Author-X-Name-Last: Kaur Title: Low-fertility trap: a threat to India's agile workforce Abstract: The study deals in analysing the repercussions of the falling fertility rate in the present situation leading to a low-fertility trap in India by 2041. The reason of falling fertility rates are low infant mortality rate and high life expectancy which reflects the improvement in the family health standards. This further lead to the attainment of a stable level of population with low fertility rate over years much below to replacement level. The fertility rate exactly replacing itself from one generation to the next is replacement fertility level or sustainable level of population growth. Falling below the replacement level and being there for long period of time is the concern of the state. This is an alert to a 'low-fertility trap', a situation, where fertility level is low enough not only obstructing the future labour supply in India, but also endangering many of the socio-economic and demographic aspects of that economy. The 'low-fertility trap' and the decreasing workforce ratio is elaborated through the analysis of the projections of United Nations Department of Economic and Social Affairs, World Population Prospects (2019) and Economic Survey (2019). Journal: Int. J. of Economic Policy in Emerging Economies Pages: 251-261 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: fertility rate; low-fertility trap; replacement rate; infant mortality rate; life expectancy; workforce. File-URL: http://www.inderscience.com/link.php?id=121351 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:251-261 Template-Type: ReDIF-Article 1.0 Author-Name: Rajender S. Godara Author-X-Name-First: Rajender S. Author-X-Name-Last: Godara Author-Name: Durafshan Jaihoon Fetrat Author-X-Name-First: Durafshan Jaihoon Author-X-Name-Last: Fetrat Title: Impact of tourism industry on the Indian economy: a multidimensional analysis Abstract: This paper examined how India's tourism industry emerged as a favourite tourist destination, with an emphasis on creativity and value creation for tourists and the effect and contribution of this industry on India's economic growth, unemployment rate, exchange rate and its share in India's GDP for the period 2000 to 2019. The result of this study showed the positive and substantial relationship between the growth rate of the economy and revenues from tourism. Two economic models were developed. The first model is a multiple regression model that expresses the impact of tourism along with unemployment and exchange rate on GDP. In this model, the relationship between GDP and sector of tourism is significant and positive, which means that tourism raises GDP in a favourable direction. The second model, a simple regression model presented the significant and positive relationship between economic growth and total tourism industry. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 351-367 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: GDP; economic growth; OLS method; unemployment rate; foreign exchange rate; tourism industry. File-URL: http://www.inderscience.com/link.php?id=121352 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:351-367 Template-Type: ReDIF-Article 1.0 Author-Name: Kerry Liu Author-X-Name-First: Kerry Author-X-Name-Last: Liu Title: Chinese local government debts: institutional change, roles in economic growth and pricing Abstract: The Chinese Government started a new budget law and the debt swap for bond program in 2015. This study especially focuses on this institutional change by addressing the Chinese local government debt issue, including: the institutional background of this 2015 reform; the role of local government debt in local economic development, which is the first of its kind in the academic literature; and the pricing of local government bond as an asset class. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 12-27 Issue: 1 Volume: 15 Year: 2022 Keywords: China; local government debt; local government bond; yield spread. File-URL: http://www.inderscience.com/link.php?id=120074 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:1:p:12-27 Template-Type: ReDIF-Article 1.0 Author-Name: Ashwani Bishnoi Author-X-Name-First: Ashwani Author-X-Name-Last: Bishnoi Author-Name: Sweety Garg Author-X-Name-First: Sweety Author-X-Name-Last: Garg Title: Private investment slowdown in India: an empirical assessment Abstract: Theoretically, it is well documented that investment plays an essential role in the growth generating process of an economy. Recently, India has experienced a slowdown in investment rate and, the same has invited considerable interests of policymakers in reviving the investment for sustained long-run growth. The present study is an attempt to empirically identify the possible factors causing the slowdown in investment rates of India. For this purpose the study utilised a co-integration approach for a wide range of data spanning from 1981 to 2015. It is found that there is a long-run equilibrium relationship between private investment and economic variables such as market size, infrastructure development, banking soundness, external sector performance and public investment. The study finds that the high interest rate, slowdown in bank credit, fluctuating exchange rate and low quality infrastructure seem to lower the investment rate in India. Moreover, the rising public investment is found to have a crowding-out effect may be due to increased pressure on interest rates and limiting the access of financial resources for private investment. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 70-85 Issue: 1 Volume: 15 Year: 2022 Keywords: private investment; co-integration; ECM; infrastructure; banking; external sector; demand; equilibrium; granger-causality; India. File-URL: http://www.inderscience.com/link.php?id=120075 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:1:p:70-85 Template-Type: ReDIF-Article 1.0 Author-Name: Gurpreet Kaur Author-X-Name-First: Gurpreet Author-X-Name-Last: Kaur Author-Name: Jyotsana Bhangu Author-X-Name-First: Jyotsana Author-X-Name-Last: Bhangu Title: India's export competitiveness with ASEAN nations Abstract: Since the 1950s, economic integration would become a major aspect for the world. It is the process which can remove the restriction on international trade, payments and factor mobility. In 1992, Narshima Rao launched the LEP to tend towards southern-eastern neighbours and also to connect with East Asia. The main foal of the Look East Policy is to increase economic cooperation and strategic defence cooperation to balance the growing Chinese domination over the Southeast Asia. In 2014, the Government of India would come up with a new phase of the Look East Policy and announced the Act East Policy that can be considered as the new age of economic development, industrialisation and trade. The Act East Policy and Look East Policy have the similarities. The present attempt is to analyse the India-ASEAN trade activities after the formation of ASEAN bloc specifically from 2001 to 2018. To fulfil the objectives of study trade indices has been used. The study found that with the changing framework of India's foreign policy for ASEAN, trade share of India and ASEAN in the bilateral arrangement significantly increased. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 368-381 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: ASEAN; India-ASEAN trade; international trade; economic integration; Look East Policy; Act East Policy. File-URL: http://www.inderscience.com/link.php?id=121361 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:368-381 Template-Type: ReDIF-Article 1.0 Author-Name: Mohd Shahidan Shaari Author-X-Name-First: Mohd Shahidan Author-X-Name-Last: Shaari Author-Name: Noorazeela Zainol Abidin Author-X-Name-First: Noorazeela Zainol Author-X-Name-Last: Abidin Author-Name: Hafizah Abdul Rahim Author-X-Name-First: Hafizah Abdul Author-X-Name-Last: Rahim Author-Name: Abdul Rahim Ridzuan Author-X-Name-First: Abdul Rahim Author-X-Name-Last: Ridzuan Title: Macroeconomic determinants of child abuse in Malaysia: an ARDL approach Abstract: Child abuse in Malaysia always exhibits a steady increase. Previous studies focused on inflation and unemployment as factors in child abuse. This study includes economic growth as a potential determinant of child abuse. This study embarks on an investigation into the macroeconomic determinants, namely inflation, unemployment and economic growth, of child abuse in Malaysia. Data ranging from 1988 to 2017 were collected and the ARDL approach is employed and the results show that inflation, unemployment and economic growth do not affect child abuse in the long-run. However, in the short-run, all of these macroeconomic factors contribute to child abuse in Malaysia. Therefore, these findings are important for policy makers to formulate policies. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 139-152 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: ARDL; child abuse; inflation; unemployment; economic growth; Malaysia. File-URL: http://www.inderscience.com/link.php?id=121373 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:139-152 Template-Type: ReDIF-Article 1.0 Author-Name: Oleg Borisovich Pichkov Author-X-Name-First: Oleg Borisovich Author-X-Name-Last: Pichkov Author-Name: Dmitry Dmitrievich Krykanov Author-X-Name-First: Dmitry Dmitrievich Author-X-Name-Last: Krykanov Author-Name: Kseniia Andreevna Patrunina Author-X-Name-First: Kseniia Andreevna Author-X-Name-Last: Patrunina Title: Economic growth modelling by technological shifts: a case of ICT/R%D-bound economic policy Abstract: The article studies the approaches towards the execution of the national economic policy within the national project 'Digital Economy of the Russian Federation'. The central pillar of the study is an attempt to define the 'push-factors' of the national socio-economic development by the stimulation of specific sectors of the economy that can be considered to be a part of the domain of the digital economy. An applied part of the article studies the use of a modified production function for the ICT branch. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 397-416 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: digital economy; production function; Cobb-Douglas function; public administration; economic policy. File-URL: http://www.inderscience.com/link.php?id=126603 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:397-416 Template-Type: ReDIF-Article 1.0 Author-Name: Olga M. Karpova Author-X-Name-First: Olga M. Author-X-Name-Last: Karpova Author-Name: Igor A. Mayburov Author-X-Name-First: Igor A. Author-X-Name-Last: Mayburov Title: Experience of digitalisation of value added tax in the Sverdlovsk Region of Russia Abstract: The purpose of the study is to review the results of digitalisation of value added tax (VAT) in the Sverdlovsk region. The article reveals the general aspects of digitisation of VAT and introduces its chronology in the region. The experience of digitising the administration of VAT in the countries of the European Union is considered and the coefficient of VAT efficiency for a number of countries is calculated. A comparative analysis of the results of VAT digitalisation in Russia and the Sverdlovsk region is also presented. In order to compare the results of digitalisation, the indicators of VAT efficiency (C-efficiency) and its collection are estimated. Further, the article highlights the problems of VAT digitalisation. In conclusion, the authors consider the reasons for the success of VAT digitalisation in Russia and the Sverdlovsk region, and also present prospects for the digital VAT development, in particular, the transition to intellectual tax. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 158-175 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: value added tax; VAT; digital value added tax; the regional aspect of digitalisation; automated control system of value added tax; ACS VAT; C-efficiency; Russia. File-URL: http://www.inderscience.com/link.php?id=126605 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:158-175 Template-Type: ReDIF-Article 1.0 Author-Name: Maxim Fokeev Author-X-Name-First: Maxim Author-X-Name-Last: Fokeev Author-Name: Liudmila Ruzhanskaya Author-X-Name-First: Liudmila Author-X-Name-Last: Ruzhanskaya Author-Name: Nadezhda Kislyak Author-X-Name-First: Nadezhda Author-X-Name-Last: Kislyak Title: Losses of Russian regions from mortality due to sharp climate fluctuation Abstract: The ecological problem is particularly acute for emerging markets due to the lack of attention to environmental protection against the background of ensuring stable high rates of economic growth. Climate change in Russia is significantly higher than the world average. The paper is an attempt to determine the economic losses of the regions of Russia from the mortality of the population at working age of 82 constituent entities of the Russian Federation. The data was collected from Russian cities with a population of over 50,000 people. Climate change refers to air temperature fluctuations in extreme ranges (colder than -30°C and hotter than +25°C) from 1997 to 2017. The data on mortality was collected by groups of patients most sensitive to sharp climate fluctuations: cardiovascular diseases, coronary heart disease, and respiratory diseases. There are regions where there is a statistically steady increase in the number of days with extreme temperatures per year in the last 20 years of meteorological observations. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 236-256 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: climate change; mortality; loss of GRP; weather; emerging market; extremely hot; extremely cold temperatures. File-URL: http://www.inderscience.com/link.php?id=126606 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:236-256 Template-Type: ReDIF-Article 1.0 Author-Name: Natalia Davidson Author-X-Name-First: Natalia Author-X-Name-Last: Davidson Author-Name: Oleg Mariev Author-X-Name-First: Oleg Author-X-Name-Last: Mariev Author-Name: Aizhamal Rakhmetova Author-X-Name-First: Aizhamal Author-X-Name-Last: Rakhmetova Title: The impact of institutional quality on enterprise location choice in the Russian regions Abstract: This paper aims to estimate the impact of institutional quality on the firms' location choice in the Russian regions. We use data from three sources: the Federal State Statistics Service (Rosstat), the International Center for the Study of Institutions and Development (ICSID), and the ranking agency 'Expert RA' over the period 2006-2014. Based on the panel data model, our study confirms that institutional quality substantially and positively affects enterprise location choice in a region. In particular, the investment potential is important for attracting firms into a region, while investment risk negatively affects firms' location choice. These results emphasise that improvement of the institutional environment in Russian regions is essential for business development. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 123-138 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: enterprise location choice; institutions; economic policy; economic development; Russia. File-URL: http://www.inderscience.com/link.php?id=126607 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:123-138 Template-Type: ReDIF-Article 1.0 Author-Name: Sergey Sosnovskikh Author-X-Name-First: Sergey Author-X-Name-Last: Sosnovskikh Title: Implementation of the territories with special economic regimes in the Far East of Russia Abstract: In the Far East of Russia, economic development has dramatically slowed down for the past 30 years. The federal government seeks new methods to attract investments into the regions, stimulate entrepreneurial activity, and boost economic growth. This paper critically evaluates state policies that involve the active implementation of special economic zones, territorial development zones, Vladivostok Free Port, and the territories of advanced social and economic development. Research is based on the interviews with the state authorities from the regions of Russia and thorough investigation of the state policies, legislation, and government reports. This study suggests three conclusions. First, there is an excessive amount of state development policies, which is the result of competition among different federal ministries. Second, there is no evidence of innovative activity or productivity growth within those economic zones. Finally, methods to assess the effectiveness of the regional policies are undeveloped and lack clarity. Recommendations for further research are given at the end of the paper. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 344-367 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: territory of advanced social and economic development; special economic zone; SEZ; territorial development zone; Vladivostok Free Port; VFP; Russia; Far East; government; industrial cluster; innovation; investment. File-URL: http://www.inderscience.com/link.php?id=126608 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:344-367 Template-Type: ReDIF-Article 1.0 Author-Name: Emil Velinov Author-X-Name-First: Emil Author-X-Name-Last: Velinov Title: Unequal development of municipalities: socio-economic paradox in Bulgaria Abstract: The paper aims at investigating how different municipalities in Bulgaria are developing in terms of attractiveness and competitiveness of employee's salaries. Even though some small municipalities are remote from the capital city in Bulgaria, they remain paradoxically the highest in terms of salary size. These municipalities are linked to high employability and high average salaries in comparison to other small municipalities across Bulgaria. Furthermore, the paper suggests that municipalities with big employers, particularly in oil and gas sector and energy sectors are characterised with high number of qualified employees, higher attractiveness and higher wealth than the rest of the municipalities in Bulgaria. The paper's findings show that one of the most suitable and relevant ways of reducing the unequal socio-economic development among the Bulgarian municipalities is the promotion and realisation of public private partnerships. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 368-380 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: municipalities; unequal development; competitive salaries; socio-economic paradox; public private partnerships; PPPs; Bulgaria. File-URL: http://www.inderscience.com/link.php?id=126611 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:368-380 Template-Type: ReDIF-Article 1.0 Author-Name: Janusz Ząbek Author-X-Name-First: Janusz Author-X-Name-Last: Ząbek Title: The impact of the location and infrastructure of organisation on competitive advantage: analysis in the light of qualitative factors Abstract: Dealer companies confirm the development of the economy and progressive transformation of the market. They also confirm the emergence of new business entities based on knowledge and services. Car dealerships operate on the basis of unified international standards. The business environment is very competitive. This forces companies to use all factors that enable them to gain a competitive advantage. The study examines whether the place of providing services affects the competitive advantage of the organisation. The article explores the impact of location, outdoor labelling, internal infrastructure and internal labelling on competitive advantage. The study was performed using qualitative parameterisation. The study was performed among the clients of dealer service in the automotive industry. The 514 dealership clients from South-Eastern Poland, from the area of the former Tarnów province, were audited using the auditorial method. In this study, data was analysed using mathematical analysis. Data analysis shows that location, external labelling and internal infrastructure have an impact on achieving competitive advantage. This means that in car dealership industry, the place of business premises characterised by the studied factors should be included in the strategy as an element of competitive advantage. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 303-317 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: competitive advantage; customers satisfaction; products quality; customer loyalty; location; infrastructure; management; strategy; PL; Poland. File-URL: http://www.inderscience.com/link.php?id=126612 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:303-317 Template-Type: ReDIF-Article 1.0 Author-Name: Kristina Chukavina Author-X-Name-First: Kristina Author-X-Name-Last: Chukavina Author-Name: Tatyana Lopatina Author-X-Name-First: Tatyana Author-X-Name-Last: Lopatina Title: Analysis of the regional technological and cluster environment Abstract: This study presents an analysis of the cluster environment in contemporary Russia: review of cluster initiatives and current situation. The methodology of cluster mapping by the European Cluster Observatory was modified according to the Russian conditions. In the frames of the study, this methodology was applied in the case of the Sverdlovsk region. Identified cluster groups were distributed according to different levels of development, taking into account the region's competitive advantages in terms of critical mass and revenue. The results of the analysis can be used to form and implement cluster policy in the region. On the basis of the developed methodology, it is possible to identify promising cluster groups in the region, to track the level of cluster initiatives development and the effectiveness of various support tools, using the developed criteria for monitoring the cluster environment. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 176-192 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: technological development; contemporary Russia; cluster environment; competitive advantages. File-URL: http://www.inderscience.com/link.php?id=126614 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:176-192 Template-Type: ReDIF-Article 1.0 Author-Name: Maxim Vasilyevich Chernyaev Author-X-Name-First: Maxim Vasilyevich Author-X-Name-Last: Chernyaev Author-Name: Yuliana Vladimirovna Solovieva Author-X-Name-First: Yuliana Vladimirovna Author-X-Name-Last: Solovieva Author-Name: Anna Vadimovna Korenevskaya Author-X-Name-First: Anna Vadimovna Author-X-Name-Last: Korenevskaya Author-Name: Timofey Mikhailovich Mazurchuk Author-X-Name-First: Timofey Mikhailovich Author-X-Name-Last: Mazurchuk Author-Name: Sergei Vladimirovich Gavriusev Author-X-Name-First: Sergei Vladimirovich Author-X-Name-Last: Gavriusev Title: Small hydropower development prospects: Chinese and Russian experience Abstract: The vast territory and abundance of water resources in Russia allow us to expect the priority development of small hydropower, but statistics show extremely low practical interest in this area. The analysis of the Russian power system formation features and their comparison with the Chinese experience show numerous problems with developing small hydropower based on the lack of strategic understanding of the small power prospects and long-term development plans at the state level. The purpose hereof is to determine the necessary conditions that will be able to make the small hydropower plant (SHP) construction attractive to investors and form the market of appropriate technological equipment. The authors came to the conclusion that energy reforms cannot be carried out only at the expense of private investors and other public initiatives. Enhancing the alternative energy development prospects in Russia is possible with the help of impact measures at the state level. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 457-483 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: small hydropower; renewable energy sources; small power prospects. File-URL: http://www.inderscience.com/link.php?id=126616 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:457-483 Template-Type: ReDIF-Article 1.0 Author-Name: Wojciech Koziol Author-X-Name-First: Wojciech Author-X-Name-Last: Koziol Author-Name: Oxana Cherkasova Author-X-Name-First: Oxana Author-X-Name-Last: Cherkasova Title: Regional determinants of minimum wage level: the example of Russian Federation Abstract: The article presents the issue of minimum wage, as a labour market institution, which popularity as well as the controversy result from the discrepancy of goals to which this institution leads. Like any economic institution, it should aim at stabilising the economy. First of all, it should provide an income, enabling the reproduction of the human capital. Secondly, it should threaten the entrepreneurs' ability to continue to exist. The purpose of the article is to estimate the size of the minimum wage that meets both demands in specific case of Russia, a country of large regional economic differences. In pursuing the goal of the paper, human capital measurement and remuneration model was used to calculate the income securing the reproduction of human capital. In order to take into account the employer's options, this stream needs to be adapted to the potential of the economy, measured by the labour productivity index. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 257-286 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: minimum wage; human capital; human capital measurement; labour productivity index; LPI; cost of living. File-URL: http://www.inderscience.com/link.php?id=126617 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:257-286 Template-Type: ReDIF-Article 1.0 Author-Name: Svetlana R. Khusnutdinova Author-X-Name-First: Svetlana R. Author-X-Name-Last: Khusnutdinova Author-Name: Rustem R. Khusnutdinov Author-X-Name-First: Rustem R. Author-X-Name-Last: Khusnutdinov Title: The role of regional capitals in the socio-economic development of regions Abstract: The study reveals the role of regional capitals in the socio-economic development of their regions. The dynamics of the main demographic indicators (population, share of the population of capitals in the regional population, and natural population growth), socio-economic indicators (share of people older and younger than the working age, retail turnover, etc.) are analysed. The regions of the Volga Federal District, which capitals have a population above one million people are taken as a study site. The proportion of the population living in the studied capitals increases in relation to the population of the region. As a rule, the capitals take first place by average nominal salary in region. The Republic of Tatarstan is an exception. Regional capitals provide more than half of the regional retail turnover. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 381-396 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: city; agglomeration; urbanisation; region; regional capital; demography; socio-economic indicators; Russia; Volga Federal District; Nizhny Novgorod; Kazan; Samara; Ufa; Perm. File-URL: http://www.inderscience.com/link.php?id=126618 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:381-396 Template-Type: ReDIF-Article 1.0 Author-Name: Elena B. Zavyalova Author-X-Name-First: Elena B. Author-X-Name-Last: Zavyalova Author-Name: Marina V. Safronchuk Author-X-Name-First: Marina V. Author-X-Name-Last: Safronchuk Author-Name: Anastasia E. Burzhinkaya Author-X-Name-First: Anastasia E. Author-X-Name-Last: Burzhinkaya Title: The 4th industrial revolution and digital transformation: changes and challenges Abstract: The idea of this article is to identify through theoretical analyses the difference and main features of the digital economy that is emerging in the course of digital transformation. We justify the necessity for institutional transformation, to consider possible responses to the challenges that the 4th industrial revolution poses for business and government. We contemplate not only the advantages and benefits of basic digital technologies in their usage, but also identify problems and difficulties that arise in the form of external effects of digitalisation. The reader acquaints with the results of the methodological development of the conceptual foundations of the new economic theory, reflecting the influence of basic digital technologies on the organisation of society, on the economic mechanism principles, and on the interaction of business, buyers (households) and the government. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 417-433 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: the 4th industrial revolution; big data; blockchain; artificial intelligence; AI; additive technologies; 3D printing; 4D printing; digital transformation; digital economy; institutional transformation. File-URL: http://www.inderscience.com/link.php?id=126619 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:417-433 Template-Type: ReDIF-Article 1.0 Author-Name: Wojciech Koziol Author-X-Name-First: Wojciech Author-X-Name-Last: Koziol Author-Name: Oksana Vladislavovna Cherkasova Author-X-Name-First: Oksana Vladislavovna Author-X-Name-Last: Cherkasova Title: Analysis of income inequalities in Russia: a human capital approach Abstract: The aim of the paper is to analyse income inequalities in Russia and assess them in the context of the norm resulting from the distribution of human capital among economically active people. This standard is based on the assumptions that the model distribution of wages results from the distribution of workers and human capital, with their remuneration calculated as a constant rate of return on human capital. The research hypothesis assumes that the discrepancy between the model and real income inequalities adversely affects the social sphere of the economy. Thus, the additional purpose of the work is to analyse the correlations of income inequalities and selected economic indicators. The research covered Russian regions in the period 2013-2016. Research results indicate a significant gap between the model and actual level of income inequalities. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 193-211 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: income inequality; labour income inequality; minimum wage; human capital; human capital measurement; Russia. File-URL: http://www.inderscience.com/link.php?id=126620 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:193-211 Template-Type: ReDIF-Article 1.0 Author-Name: Irina Turgel Author-X-Name-First: Irina Author-X-Name-Last: Turgel Author-Name: Larisa Bozhko Author-X-Name-First: Larisa Author-X-Name-Last: Bozhko Author-Name: Elizaveta Ulyanova Author-X-Name-First: Elizaveta Author-X-Name-Last: Ulyanova Title: 'Smart city' concept in digital economics: practice of Russia and Kazakhstan Abstract: The article discusses approaches to smart city development in two post-Soviet countries - Russia and Kazakhstan. The features that both countries share are a large-sized public sector and the governments' use of direct economic regulation. The purpose of the study is to compare the national-level models of the governmental organisations in Russia and Kazakhstan in the context of smart city development. We describe the forms of state participation, in particular funding of national urban digitisation projects. We also compare the approaches to institutionalisation of the smart city concept in the light of national policies and the corresponding priority areas of these policies. As a result, this study sheds light on formal institutional practices and structures, key focus areas, and mechanisms of fund allocation in smart city development in Russia and Kazakhstan. The study relies on the research data of the project 'Enhancement of the State Regulation Policy for Intensifying Clusterization of Industrial Regions' supported by the Ministry of Education and Science of the Republic of Kazakhstan. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 139-157 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: smart city; governmental organisation; digital economy; smart services; sustainable development; strategic planning; modernisation; state support; national goals; national projects; state programs; Russia; Kazakhstan. File-URL: http://www.inderscience.com/link.php?id=126621 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:139-157 Template-Type: ReDIF-Article 1.0 Author-Name: Tatiana Bystrova Author-X-Name-First: Tatiana Author-X-Name-Last: Bystrova Author-Name: Viola Larionova Author-X-Name-First: Viola Author-X-Name-Last: Larionova Author-Name: Maria Pevnaya Author-X-Name-First: Maria Author-X-Name-Last: Pevnaya Title: Actualisation of historic and cultural heritage as a resource for socio-cultural transformation of small and medium industrial towns Abstract: In this paper, analysis of the social, economic, and non-economic factors affecting development of small and medium regional industrial towns was studied. The research goal was to assess internal resources for transforming the environment of the small and medium towns in Russia through the attitude study of town youth being among the key actors of necessary changes. The methodology included intellectual data analysis methods based on self-organising Kohonen maps for the preliminary clustering of the small and medium towns by the level of social and economic development, and sociological surveys assessing level of youth knowledge about history and culture of their native towns. It was found that young town inhabitants are ready for citizen participation initiatives, independently of socio-economic status of their hometowns. Conclusions were made that inclusion of the youth in citizenship practices, and various types of volunteering activities can assist in preserving human capital of the towns. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 212-235 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: agglomeration processes; small and medium industrial towns; socio-economic development; young generation; historical and cultural heritage; promoting territory; volunteering; citizen participation. File-URL: http://www.inderscience.com/link.php?id=126622 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:212-235 Template-Type: ReDIF-Article 1.0 Author-Name: Irina S. Antonova Author-X-Name-First: Irina S. Author-X-Name-Last: Antonova Author-Name: Evgeny A. Pchelintsev Author-X-Name-First: Evgeny A. Author-X-Name-Last: Pchelintsev Title: Path dependence and regional disparities in single-industry towns in Russia: the evidence from micro data Abstract: This article aims to contribute to the debate on path dependence and lock-in mechanism at the micro data in single-industry towns, which in turn is highly concentrated in three regions - Kemerovo, Sverdlovsk and Chelyabinsk in Russia. The empirical context is five-year panel data on 38 single-industry towns. We offer the alternative micro data to evaluate entropy, the number of newly created enterprises, social payments and cash incomes, and aggregated revenues of the single-industry towns. Testing the U-shaped dependence, we conclude that the relation between diversification and incomes per capita coordinates with U-shape relevance at comparative low-level income. The argument follows from the nonlinear model between them. The regression models identify both traditional factors of urban development and micro data. The authors link the further development of single-industry towns in these regions with path creation and new linkage development. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 318-343 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: path dependence; single-industry town; company town; core industry; diversification; spatial disparities; taxation incentives; Kemerovo region; Chelyabinsk region; Sverdlovsk region; Russia. File-URL: http://www.inderscience.com/link.php?id=126623 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:318-343 Template-Type: ReDIF-Article 1.0 Author-Name: Elena Mikhaylovna Grigorieva Author-X-Name-First: Elena Mikhaylovna Author-X-Name-Last: Grigorieva Author-Name: Maxim Vasilyevich Chernyaev Author-X-Name-First: Maxim Vasilyevich Author-X-Name-Last: Chernyaev Author-Name: Yury Nikitovich Moseykin Author-X-Name-First: Yury Nikitovich Author-X-Name-Last: Moseykin Title: The role of the FEC company technological development indicators on the way towards sustainable energy Abstract: The aim of the study is to substantiate the necessity of changing the approaches to selection of the list of FEC company technological development indicators for working out the corporate strategic planning documents, including implementation and realisation of corporate social responsibility (CSR) policies in the framework of national economy transition to sustainable energy. Activities in the field of energy saving and energy efficiency ensuring sustainable development with the focus on economic, social and environmental issues are considered as the basic direction ensuring achievement of planned CSR indicators. The methods consist in the systematic approach to assessing the technological development considering the new energy paradigm, disaggregation of existing indicators of complex international and Russian CSR ratings, as well as systematisation of performance indicators. The results are presented in the form of a system of technological development indicators assessing and rating the energy companies based on analysis of the CSR strategies' implementation. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 434-456 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: fuel and energy complex; FEC; technological development; sustainable energy; corporate social responsibility; CSR. File-URL: http://www.inderscience.com/link.php?id=126624 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:434-456 Template-Type: ReDIF-Article 1.0 Author-Name: David Celetti Author-X-Name-First: David Author-X-Name-Last: Celetti Title: Mixt agriculture and diffused industrialisation: aspects of North-Eastern Italy economic development path Abstract: The paper discusses relations between early modern rural structures, and industrialisation paths taking a selected territory of the Veneto region as a case study. It questions, in particular, the influence of the system of mixed farming (<i>coltura promiscua</i>) performed by independent peasant family (<i>famiglia appoderata</i>) on the so-called 'diffused industrialisation processes' that occurred in Italy from the 1960s onwards. It verifies if mixed farming can explain through its social, economic, and territorial structures the specific modernisation path that stays at the origins of current economic configuration. The article contributes to the analysis of the incidence of rural contexts on local development and, in particular, on the emergence of an industrial structure widely based on little and medium firms. Methodological approach unites critical analysis of selected scientific publications statistical reconstruction of relevant economic trends, and empirical study of a territory at municipality level. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 287-302 Issue: 2/3/4 Volume: 16 Year: 2022 Keywords: mixed agriculture; diffused industrialisation; North-Eastern Italy economic development; industrial districts; Italy. File-URL: http://www.inderscience.com/link.php?id=126628 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:2/3/4:p:287-302 Template-Type: ReDIF-Article 1.0 Author-Name: Jitendra Kumar Dixit Author-X-Name-First: Jitendra Kumar Author-X-Name-Last: Dixit Author-Name: Vivek Agrawal Author-X-Name-First: Vivek Author-X-Name-Last: Agrawal Author-Name: Sucheta Agarwal Author-X-Name-First: Sucheta Author-X-Name-Last: Agarwal Title: Measuring stock market volatility - a study in India's perspective Abstract: Volatility is an inherent characteristic of stock market. The presence of volatility provides an opportunity to earn unexpected profits by risk seeker investors and becomes a matter of diffidence among risk averse as high risk is anticipated with high return during the period of high volatility. Informed investors consider market volatility while making investment decision. Volatility is reflected due to uncertainty in stock return, price and unexpected events that can be measure through the GARCH family models. Analysis is performed on daily closing value of NSE and BSE from 1 April 2011 to 31 March 2019, extracted through the online-portal of BSE (bseindia.com) and NSE (nseindia.com) for the purpose of the present analysis. The output of the current study confers the acceptance of E-GARCH model for the purpose of predicting and forecasting the market volatility. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 1-13 Issue: 1 Volume: 16 Year: 2022 Keywords: volatility; variance; GARCH; P-GARCH. File-URL: http://www.inderscience.com/link.php?id=124655 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:1:p:1-13 Template-Type: ReDIF-Article 1.0 Author-Name: Mushtaq Ahmad Malik Author-X-Name-First: Mushtaq Ahmad Author-X-Name-Last: Malik Author-Name: Tariq Masood Author-X-Name-First: Tariq Author-X-Name-Last: Masood Title: Analysing the impact of oil capital on economic growth in West Asia and North African countries Abstract: Most countries of West Asia and North Africa (WANA) are dependent directly or indirectly on oil resources to fuel growth. There are apprehensions as to whether oil-capital has benefited these countries and their economic growth. The present research seeks to investigate the association between the dependence on oil resources and economic growth of WANA countries from 1970 through 2016. We used the share of fuel exports in total merchandise exports as a proxy for resource dependence. Furthermore, we incorporate measures of institutional quality, terms of trade, and investment as control variables to evaluate if resource dependence impacts growth differently. The empirical investigation found the existence of 'paradox of plenty' or 'resource curse effect'. Both cross-country ordinary least squares (OLS) and two-stage least squares (2SLS) regressions strongly confirm the hypothesis of a negative relationship between fuel exports as a percentage of total merchandise exports and real per capita GDP growth. These results remain robust after controlling for institutional quality, terms of trade, and investment. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 107-120 Issue: 1 Volume: 16 Year: 2022 Keywords: oil resources; economic growth; resource curse; fuel exports; trade; institutions; WANA countries. File-URL: http://www.inderscience.com/link.php?id=124656 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:1:p:107-120 Template-Type: ReDIF-Article 1.0 Author-Name: Jana Stavjaňová Author-X-Name-First: Jana Author-X-Name-Last: Stavjaňová Author-Name: Leoš Vítek Author-X-Name-First: Leoš Author-X-Name-Last: Vítek Title: Tax evasion and economic growth in the EU Abstract: The aim of this study is to verify the presence of a negative link between the size of tax evasion and economic growth and whether this possible link is stronger in the countries with higher taxation. Based on the EU 28 data and the period 2003-2014, the results of regression analysis of panel data in all the relevant models are indeed indicative of a negative impact of tax evasion on the economy. We did not confirm the hypothesis that there are differences in the impact of tax evasion on the economy between the more respectively less taxed countries. The group of Northern European countries with higher tax quota reports its negative regression coefficient lower than Central European countries. However, when we compare the results of countries with higher tax quota with those of Eastern Europe where average tax quota is low, we do not reach the same conclusion. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 40-57 Issue: 1 Volume: 16 Year: 2022 Keywords: tax evasion; shadow economy; economic growth; EU countries. File-URL: http://www.inderscience.com/link.php?id=124657 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:1:p:40-57 Template-Type: ReDIF-Article 1.0 Author-Name: Manisha Kumari Author-X-Name-First: Manisha Author-X-Name-Last: Kumari Author-Name: V. Mary Jessica Author-X-Name-First: V. Mary Author-X-Name-Last: Jessica Title: Reliability and credibility of credit rating - evidence from Indian CRAs Abstract: The quality of rating given by the credit rating agencies (CRAs) have been questioned for a long time and also criticised for the same. Mandatory bond rating and financing of 25% capital through bond motivates to carry out this study. The objective of this paper is to examine the reliability of rating given by CRAs by predicting the rating through market-based information. An <i>ordered probit model</i> is used to predict the rating. The sample consists of BSE500 firms from 2014 to 2019, extracted from the ProwessIQ CMIE database. The results show that issuers in India have been enjoying a very high rating compared to firms in the USA, and the difference between predicted ratings and actual rating given by CRAs is more in India. As per the results, the actual rating is high compared to predicted ratings. The implication of the study suggests that regulators need to tighten the functioning and working process of CRAs. This will help in strengthening the weak bond market of India. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 27-39 Issue: 1 Volume: 16 Year: 2022 Keywords: bond rating; risk; reliability; default; credibility; accuracy. File-URL: http://www.inderscience.com/link.php?id=124658 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:1:p:27-39 Template-Type: ReDIF-Article 1.0 Author-Name: Yusef Widya Karsana Author-X-Name-First: Yusef Widya Author-X-Name-Last: Karsana Author-Name: Rahmawati Author-X-Name-First: Author-X-Name-Last: Rahmawati Author-Name: Djuminah Author-X-Name-First: Author-X-Name-Last: Djuminah Author-Name: Agung Nur Probohudono Author-X-Name-First: Agung Nur Author-X-Name-Last: Probohudono Title: Family CEO and earnings management in Indonesia: does separation of control right and cash flow right moderate the result? Abstract: This paper aims to examine the influence of family CEOs on earnings management. Further, this research was also performed to find out whether the separation of control rights and cash flow rights moderates the tendency of family CEO to perform earnings management. This study utilised a quantitative approach and explored 597 firm year observations from public non-financial companies listed on the Indonesian Stock Exchange from 2013 through 2017. The analysis used panel data regression analysis. The results showed that family CEOs have a greater tendency to perform earnings management compared to non-family CEOs. The trend of family CEO performing earnings management is higher in firms with higher separation of control rights and cash flow rights. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 84-106 Issue: 1 Volume: 16 Year: 2022 Keywords: family chief executive officer; FCEO; chief executive officer; CEO; earnings management; control right; cash flow rights; CFRs; Indonesia. File-URL: http://www.inderscience.com/link.php?id=124659 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:1:p:84-106 Template-Type: ReDIF-Article 1.0 Author-Name: Florencia Verónica Pedroni Author-X-Name-First: Florencia Verónica Author-X-Name-Last: Pedroni Author-Name: Anahí Briozzo Author-X-Name-First: Anahí Author-X-Name-Last: Briozzo Author-Name: Gabriela Pesce Author-X-Name-First: Gabriela Author-X-Name-Last: Pesce Title: Determinants of unreported income in Latin American companies: a business perspective Abstract: This study aims to empirically identify factors associated with unreported income in Latin American registered firms. We use World Bank Enterprise Survey 2017 data from Argentina, Bolivia, Ecuador, Paraguay, Peru, and Uruguay. We find that the propensity of a company to underreport income increases when corruption, taxes, bureaucracy, regulation, justice, access to finance, and sector informality are considered an obstacle to business operations; when firms are smaller, from the commercial sector, domestic owned, sell mainly in national markets, have at least one female owner or are from Bolivia. Otherwise, this probability decreases for companies that have certified financial statements or international quality certifications, and when political instability represents the greatest difficulty. This article provides updated information of business informality determinants in Latin America with very recent data from six countries, which is an opportunity to design specific development policies in the region. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 58-83 Issue: 1 Volume: 16 Year: 2022 Keywords: informal sector; tax evasion; underground economy; firm-level determinants. File-URL: http://www.inderscience.com/link.php?id=124660 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:1:p:58-83 Template-Type: ReDIF-Article 1.0 Author-Name: Afef Souguir Author-X-Name-First: Afef Author-X-Name-Last: Souguir Title: The engines of intra-industrial trade in the agro-food industry between Tunisia and the EU-15 Abstract: This paper analyses the determinants of the total intra-industrial (IIT) and vertical (VIIT) trade between Tunisia and the European Union (EU-15) for the 2000/2015 period. The results show that intra-industrial trade is mainly of a vertical nature. On the other hand, the results obtained from the panel model estimates using the generalised method of moments (GMM-sys) suggest that the factorial allocations and the vertical differentiation of the products are mainly negatively related to IIT and VIIT while the GDP of a larger economy shows a positive and statistically very significant relationship between intra-industrial trade (IIT and VIIT) and economic growth of the GDP of the EU-15 group of countries. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 14-26 Issue: 1 Volume: 16 Year: 2022 Keywords: intra-industrial exchanges; total; intra-industry trade; IIT; vertical intra-industry trade; VIIT; agri-food products; GMM-sys; panel data. File-URL: http://www.inderscience.com/link.php?id=124661 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:16:y:2022:i:1:p:14-26 Template-Type: ReDIF-Article 1.0 Author-Name: Supreet Kaur Author-X-Name-First: Supreet Author-X-Name-Last: Kaur Author-Name: Satinder Kumar Author-X-Name-First: Satinder Author-X-Name-Last: Kumar Title: Kinked economic growth: insights from gender lens Abstract: The long-standing cultural customs and theories of gender imbalance posit that widening gender gaps can dampen the growth prospects of a nation. The present study traces the reasons behind persisting meta-son preferences that contribute towards skewed sex ratios and the impact of such stormy preferences on the economic growth of the nation. To substantiate the same, data is used from the fourth wave of the National Family and Health Survey conducted in 2015-2016, Economic Survey, 2018 and Gender Gap Index 2018. The responses were gathered with the help of semi-structured personal interview conducted in the southeastern region of Punjab, India. Using IPA, the study found that meta-son preferences will lead to privation of human capital thereby limiting productive capacities. The study will be an insight especially for the Punjab government officials for setting up of future policies to counter the same. Applying these findings will help eradicate the post natal discrimination. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 123-138 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: gender gap; missing women; sex-selective abortions; meta-son preferences; interpretative phenomenological analysis; skewed ratios; economic growth. File-URL: http://www.inderscience.com/link.php?id=121336 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:123-138 Template-Type: ReDIF-Article 1.0 Author-Name: Nkosinathi Emmanuel Monamodi Author-X-Name-First: Nkosinathi Emmanuel Author-X-Name-Last: Monamodi Author-Name: Ireen Choga Author-X-Name-First: Ireen Author-X-Name-Last: Choga Title: The impact of fiscal and monetary policy on economic growth in Southern African Custom Union: a panel ARDL approach Abstract: This study investigates the impact of fiscal and monetary policy on economic growth in (SACU) economies between 1980 and 2017. Panel auto regression distributed lags (PARDLs) estimation technique and Pooled mean group (PMG) estimator were utilised in this study. The results indicate that these policies influence economic growth significantly across SACU economics in the long run. However, fiscal policy is only significant if government expenditure is used as the functional policy instrument rather than government revenue. The short run effects of these macroeconomic policies are mixed. Granger causality results indicate that the direction of cointegration is from government, real interest rate, inflation and official exchange rate to economic growth. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 86-102 Issue: 1 Volume: 15 Year: 2022 Keywords: economic growth; fiscal policy; monetary policy; panel auto regression distributed lag; PARDL; Southern African Custom Union; SACU; Pooled mean group; PMG. File-URL: http://www.inderscience.com/link.php?id=120059 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:1:p:86-102 Template-Type: ReDIF-Article 1.0 Author-Name: Katarzyna Mroczek-Dąbrowska Author-X-Name-First: Katarzyna Author-X-Name-Last: Mroczek-Dąbrowska Author-Name: Anna Matysek-Jędrych Author-X-Name-First: Anna Author-X-Name-Last: Matysek-Jędrych Title: Brexit aftermath - a lot of fuss over nothing? The perspective of the EU-27 member states Abstract: The uncertainty of the post-Brexit relations between the UK and the remaining EU-27 countries has caused political and economic concerns (Kroll and Leuffen, 2016). The ongoing negotiations concerning future relations cover various scenarios that may have different impacts on the individual economies in both an economic and a political sense. The article analyses consequences of the British voters' decision to withdraw from the European Union through the lens of a disintegration process and its main objective is to identify the scale and the nature of individual countries vulnerability toward Brexit. It demonstrates purely economic approach to the critical assessment of Brexit, with focus on building rankings of losers. In this way, we contribute to the ongoing debate on the Brexit negotiation process by providing strong arguments in favour of certain policy decisions. In line with the 'neighbour country hypothesis' and 'small country hypothesis', we assume that small economies will experience moderate to high negative consequences of Brexit, while larger ones will not be affected as much, having regard, however, to the country's location in relation to the UK. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 28-45 Issue: 1 Volume: 15 Year: 2022 Keywords: Brexit; European integration; European Union; UK; vulnerability. File-URL: http://www.inderscience.com/link.php?id=120060 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:1:p:28-45 Template-Type: ReDIF-Article 1.0 Author-Name: Rochna Arora Author-X-Name-First: Rochna Author-X-Name-Last: Arora Author-Name: Baljit Kaur Author-X-Name-First: Baljit Author-X-Name-Last: Kaur Title: Construction activity and economic growth: what follows what? Evidence from India Abstract: Construction sector holds a meaty place among all sectors of the economy. The importance of construction sector stems from its promise of strong linkages (both backward as well as forward) with other sectors of the economy. Of all, effect on employment is highly crucial for labour-intensive economy like that of ours. To study which economic variable precedes the other, data are collected on economic variables of gross domestic product and GDP from construction activity for the period running from 1991-2017. The results from long-run causality worked out using Granger test points to long-run causality from construction activity and employment to economic growth and from growth and employment to construction activity. While the short-run causal results which are worked out using Wald test gives evidence in favour unidirectional causality from economic growth to construction activity; employment to economic growth and employment to construction growth. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 175-196 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: construction; economic growth; employment; causality; India. File-URL: http://www.inderscience.com/link.php?id=121341 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:175-196 Template-Type: ReDIF-Article 1.0 Author-Name: Kerry Liu Author-X-Name-First: Kerry Author-X-Name-Last: Liu Title: The Chinese consumption myth Abstract: Whether Chinese consumption is downgrading or upgrading has been the subject of recent debate. This study begins with a review of different types of consumption data, including gross domestic product data, household survey data and retail sale data, and concludes that Chinese household consumption expenditure growth has been slowing since 2011. Next, the factors that contribute to consumption growth, consumption upgrade, and consumption downgrade are analysed. The main findings are that disposable income plays a significant role in consumption growth; that wealth effects from the real estate market play a significant role in consumption upgrade; and that increasing rent has significantly contributed to the consumption downgrade. Finally, this study discusses policy implications based on findings from this study, especially with respect to the real estate market. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 103-120 Issue: 1 Volume: 15 Year: 2022 Keywords: Chinese consumption; consumption upgrade; real estate market; consumption downgrade. File-URL: http://www.inderscience.com/link.php?id=120062 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:1:p:103-120 Template-Type: ReDIF-Article 1.0 Author-Name: Anjali Mehra Author-X-Name-First: Anjali Author-X-Name-Last: Mehra Author-Name: Tanveen Kaur Author-X-Name-First: Tanveen Author-X-Name-Last: Kaur Title: Flight for greener pastures: a look into international migration of Indian students Abstract: India stands second in the world after China where the number of students from India moving to other countries for higher studies is concerned. In the last 14 years, the number of children being sent from India has increased four times. The present study found that the main recipient countries for Indian students migrating for higher education are the USA, UK, Canada and Australia and the major programmes preferred are related to STEM, psychology, entertainment, etc. Burning desire for high paying jobs; better standard of living and demonstration effect, widened scope of research, liberal immigration policies are the pull factors which combined with the push factors like increased competition for admissions in higher education institutions of India and exorbitant fees charged by them have resulted in increased incidence of this phenomenon. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 164-174 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: migration; international mobile students; higher education; foreign institutions. File-URL: http://www.inderscience.com/link.php?id=121342 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:164-174 Template-Type: ReDIF-Article 1.0 Author-Name: Lim Thye Goh Author-X-Name-First: Lim Thye Author-X-Name-Last: Goh Author-Name: Siong Hook Law Author-X-Name-First: Siong Hook Author-X-Name-Last: Law Title: The crime rate and income inequality in Brazil: a nonlinear ARDL approach Abstract: This paper explores the relationship between the crime rate and income inequality for Brazil using a nonlinear autoregressive distributed lag (NARDL) model. Our result suggests that the crime rate and income inequality are significantly cointegrated. Besides, the NARDL model affirms the presence of asymmetric behaviour between the crime rate and income inequality. More specifically, in the long run, reduced income inequality will lead to a decrease in the crime rate with a greater deviation, whereas an increase in income inequality tends to lead to an increase in the crime rate with a lower deviation. Therefore, the crime rate responds more to negative changes than to positive changes in the level of income inequality. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 1-11 Issue: 1 Volume: 15 Year: 2022 Keywords: crime rate; income inequality; nonlinear autoregressive distributed lag; NARDL. File-URL: http://www.inderscience.com/link.php?id=120063 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:1:p:1-11 Template-Type: ReDIF-Article 1.0 Author-Name: Anu Sahi Author-X-Name-First: Anu Author-X-Name-Last: Sahi Title: Demographics and financial risk tolerance among investors of Punjab: an empirical analysis Abstract: This study empirically examined the relationship between demographics and financial risk tolerance of investors and to check, whether investors can be categorised into risk tolerance categories, named as risk takers and risk averse using demographics. A single cross-sectional primary survey conducted on 151 investors with varied level of investment experience and demographic features. The dependent variable financial risk tolerance has been measured using seven-point Likert scale and the independent variables were measured on nominal and ordinal scale. The relationship between the variables were analysed using univariate and multivariate analysis techniques. Results revealed that age and family income have significant relation with financial risk tolerance of individual investors. Application of logistic regression unravel that demographic features can be used for categorising investors as risk takers or risk averse. Journal: Int. J. of Economic Policy in Emerging Economies Pages: 153-163 Issue: 2/3/4 Volume: 15 Year: 2022 Keywords: risk; tolerance; financial; index; financial risk tolerance; FRT; age; demographics; family income; Punjab; India. File-URL: http://www.inderscience.com/link.php?id=121343 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijepee:v:15:y:2022:i:2/3/4:p:153-163