Template-Type: ReDIF-Article 1.0
Author-Name: Raymond Kofi Adjei
Author-X-Name-First: Raymond Kofi
Author-X-Name-Last: Adjei
Author-Name: Veronika Kajurová
Author-X-Name-First: Veronika
Author-X-Name-Last: Kajurová
Title: Effects of selected macroeconomic determinants on consumption expenditure in Sub-Saharan Africa
Abstract:
This paper investigates the macroeconomic determinants affecting consumption in Sub-Saharan Africa (SSA) using panel data from 2005 to 2018. Fixed effects models and dynamic fixed effects models are developed and analysed. The first model includes panel data for 25 SSA countries, considering consumption, foreign aid, foreign direct investment, international trade, and inflation. The second model incorporates a monetary policy element by adding money market interest rate. From the models derived, the paper reveals an empirical relationship between international trade and consumption, with trade having a negative effect on consumption which points to a different distribution than is expected. The dynamic fixed effects models respectively establish that past consumption has an effect on present consumption and that monetary policy through interest rate is negatively correlated with consumption. The significance of the other determinants is not proven, which could serve as meaningful information to policy makers when deciding about what really matters.
Journal: Int. J. of Sustainable Economy
Pages: 167-196
Issue: 2
Volume: 14
Year: 2022
Keywords: consumption; Sub-Saharan Africa; SSA; foreign aid; foreign direct investment; international trade; money market interest rate; inflation; monetary policy.
File-URL: http://www.inderscience.com/link.php?id=122112
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:2:p:167-196
Template-Type: ReDIF-Article 1.0
Author-Name: Amneh Alkurdi
Author-X-Name-First: Amneh
Author-X-Name-Last: Alkurdi
Title: The moderating effect of entrepreneurship orientation on the relationship between ownership structure and corporate performance: Jordanian evidence
Abstract:
This study attempts to investigate whether ownership structure influences corporate performance. The study is based on a sample of 62 firms listed on the first market of the Amman Stock Exchange (ASE) using data from 2012 to 2019. The findings reveal a positive relationship between institutional ownership and both return on equity (ROE) and Tobin's Q (TQ), while foreign ownership has a positive impact on TQ only. In contrast, managerial ownership has a negative relationship with ROE and TQ. However, under the moderating effect of entrepreneurship orientation, managerial ownership has a positive significant relationship both with ROE and TQ. Other ownership structures, i.e., institutional and foreign ownership, show no moderating effect from entrepreneurship orientation. These findings may thus be of interest to investors as they demonstrate that ownership structure can enhance the level of corporate performance. Additionally, Jordanian regulators can review policies and regulations to strengthen corporate governance, which will increase stakeholder benefits.
Journal: Int. J. of Sustainable Economy
Pages: 132-150
Issue: 2
Volume: 14
Year: 2022
Keywords: ownership structure; corporate performance; entrepreneurship orientation; emerging markets; Jordan.
File-URL: http://www.inderscience.com/link.php?id=122116
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:2:p:132-150
Template-Type: ReDIF-Article 1.0
Author-Name: Chia-Guan Keh
Author-X-Name-First: Chia-Guan
Author-X-Name-Last: Keh
Author-Name: Pei-Tha Gan
Author-X-Name-First: Pei-Tha
Author-X-Name-Last: Gan
Author-Name: Yan-Teng Tan
Author-X-Name-First: Yan-Teng
Author-X-Name-Last: Tan
Author-Name: Fatimah Salwa Binti Abd. Hadi
Author-X-Name-First: Fatimah Salwa Binti Abd.
Author-X-Name-Last: Hadi
Author-Name: Norasibah Binti Abdul Jalil
Author-X-Name-First: Norasibah Binti Abdul
Author-X-Name-Last: Jalil
Title: Financial development and economic growth in Malaysia: a nonlinear ARDL application
Abstract:
Determining the relationship between financial development and economic growth is important to make precise projections of economic growth. As most of these studies rely on a symmetric relationship, they can lead to misleading policy implications. To overcome this shortcoming, this paper uses a technique involving an asymmetric relationship. This paper examines the asymmetric relationship between financial development and economic growth in Malaysia from 1980 to 2017 using a nonlinear autoregressive distributed lags model. The banking sector and stock market development have been employed as indicators of financial development. The findings suggest that the asymmetric relationship between banking sector development and economic growth exists in the long-run. Banking sector development shows no asymmetric relationship with economic growth in the short-run, while stock market development does not present any asymmetric relationship with economic growth in the short and long-terms. The study infers that the banking sector development is an essential engine of growth promotion. Policymakers should consider banking and stock market development for better policy decision-making.
Journal: Int. J. of Sustainable Economy
Pages: 197-215
Issue: 2
Volume: 14
Year: 2022
Keywords: asymmetry; economic growth; financial development; nonlinear ARDL; Malaysia.
File-URL: http://www.inderscience.com/link.php?id=122121
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:2:p:197-215
Template-Type: ReDIF-Article 1.0
Author-Name: Isaac Doku
Author-X-Name-First: Isaac
Author-X-Name-Last: Doku
Author-Name: Andrew Phiri
Author-X-Name-First: Andrew
Author-X-Name-Last: Phiri
Title: Climate finance and hunger among non-annex-1 parties: a lens on Sub-Saharan Africa
Abstract:
Our study seeks to find out whether climate finance is helping reduce hunger among 43 Sub-Saharan Africa (SSA) countries, using system generalised method of moment, pooled OLS and fixed effect models for the period 2006-2018. Three main hunger variables are used in the study; global hunger index (GHI), undernutrition (Under-N) and birthweight (Birth-W). The findings indicate that climate finance exerts a very small effect on all hunger variables. Similarly, other external forms of financing such as foreign direct investment and developmental aid are found to exert little effect on hunger. Notably, domestic factors such as social and economic readiness are found to be more significant in reducing hunger levels.
Journal: Int. J. of Sustainable Economy
Pages: 380-398
Issue: 4
Volume: 14
Year: 2022
Keywords: climate finance; hunger; Sub-Saharan Africa; SSA; developmental aid; foreign direct investment; FDI.
File-URL: http://www.inderscience.com/link.php?id=125972
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:4:p:380-398
Template-Type: ReDIF-Article 1.0
Author-Name: Marcos Filardy Curi
Author-X-Name-First: Marcos Filardy
Author-X-Name-Last: Curi
Author-Name: Priscila de Jesus Freitas Pinto
Author-X-Name-First: Priscila de Jesus Freitas
Author-X-Name-Last: Pinto
Author-Name: João Pedro Duveen da Cunha
Author-X-Name-First: João Pedro Duveen da
Author-X-Name-Last: Cunha
Author-Name: Rodrigo Rodrigues de Freitas
Author-X-Name-First: Rodrigo Rodrigues de
Author-X-Name-Last: Freitas
Title: Economic and financial analysis of a grid-connected PV system in Rio de Janeiro for residential and commercial supply
Abstract:
Sustainable development and renewable energy sources are topics that have attracted global attention together with greater awareness of the need to preserve the planet's natural resources while still supplying energy demand. This paper presents an economic and financial analysis of a PV grid-connected system for residential and commercial supply located in the state of Rio de Janeiro. The model is evaluated considering technical aspects like energy security, compatibility, energy production optimisation and economic payback forecasting where the real options theory (ROT) is applied for economic analysis. The economic viability and the technical potential of a grid-connected system rated at 2.7 kWp and 11.7 kWp PV for residential and commercial scale, respectively, were examined. Demonstrating that for a system expected to last 25 years, the payback time results occur in six years, minimum, at residential scale and five years at commercial scale, proving the investment viability.
Journal: Int. J. of Sustainable Economy
Pages: 411-428
Issue: 4
Volume: 14
Year: 2022
Keywords: renewable energy; solar energy; sustainability; engineering; financial and economic analysis.
File-URL: http://www.inderscience.com/link.php?id=125975
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:4:p:411-428
Template-Type: ReDIF-Article 1.0
Author-Name: C. Karthikeyan
Author-X-Name-First: C.
Author-X-Name-Last: Karthikeyan
Author-Name: R. Murugesan
Author-X-Name-First: R.
Author-X-Name-Last: Murugesan
Title: A cross-country analysis of the role of service sector in the relationship between CO2 emissions and economic growth using machine learning techniques
Abstract:
The study aims to explore the relationship between CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions per capita, service sector share in GDP and GDP per capita using decision tree, and multiple ridge and lasso regression techniques on cross-sectional data of 175 countries. GDP per capita is a better determinant of the CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions of a country than the share of services in GDP. The fit between emissions and income improves on account of service sector share in GDP. The study finds that an increase in service sector share in high income countries leads to decrease in emissions while in low income countries it leads to an increase in emissions. An N-shaped relationship is found between CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions and income across the countries. Service sector share acts as a moderator in this relationship.
Journal: Int. J. of Sustainable Economy
Pages: 399-410
Issue: 4
Volume: 14
Year: 2022
Keywords: service sector; CO2 emissions; economic growth; decision tree; lasso regression; ridge regression.
File-URL: http://www.inderscience.com/link.php?id=125979
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:4:p:399-410
Template-Type: ReDIF-Article 1.0
Author-Name: Manuela Echeverri-Pimienta
Author-X-Name-First: Manuela
Author-X-Name-Last: Echeverri-Pimienta
Author-Name: Santiago Valencia-Herrera
Author-X-Name-First: Santiago
Author-X-Name-Last: Valencia-Herrera
Author-Name: Diego Andrés Correa-Mejía
Author-X-Name-First: Diego Andrés
Author-X-Name-Last: Correa-Mejía
Title: Sustainable development goals in Latin America: a mechanism that improves financial performance
Abstract:
The sustainable development goals (SDGs) are intended for different organisations around the world to guide their actions towards the benefit of society and the sustainability of the planet. The purpose of the SDGs is for different organisations around the world to orient their actions and processes towards the benefit of society and the sustainability of the planet. The aim of this study is to determine the impact of prioritising the people-related SDGs on the financial performance of Latin American firms. The analysis was conducted based on corporate reports between 2016 and 2019 of 76 firms from Colombia, Chile, Mexico and Peru, which were analysed using a panel data methodology. The results of this research show that the commitment of the different firms to the SDGs associated with people generates a positive impact on financial performance. This paper develops a recent topic at global level and contributes to the existing literature, as it analyses the relationship between SDGs and financial performance in emerging economies, specifically in Latin America.
Journal: Int. J. of Sustainable Economy
Pages: 331-348
Issue: 4
Volume: 14
Year: 2022
Keywords: sustainable development goals; SDGs; financial performance; corporate reports; corporate social responsibility.
File-URL: http://www.inderscience.com/link.php?id=125980
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:4:p:331-348
Template-Type: ReDIF-Article 1.0
Author-Name: Deepmala Jasuja
Author-X-Name-First: Deepmala
Author-X-Name-Last: Jasuja
Author-Name: Jaya Mamta Prosad
Author-X-Name-First: Jaya Mamta
Author-X-Name-Last: Prosad
Author-Name: Neeraj Nautiyal
Author-X-Name-First: Neeraj
Author-X-Name-Last: Nautiyal
Title: Understanding socially responsible investing - a scientific mapping and bibliometric analysis
Abstract:
Research on socially responsible investing (SRI) has gained momentum in recent years. Pursuant to the gap of comprehensive review, the current study aims to identify the main areas and the current dynamics of the SRI research and suggest future research directions. Using a blend of bibliometric methods on visualisation of similarities (VOS) viewer and Biblioshiny on a sample of 1,073 articles from the Scopus database from 1985, we find the most influential articles, authors, sources, and publications within the network. Current themes were explored and impediments to growth in literature were identified. SRI research revolves around performance evaluation of socially responsible investment avenues, green finance, socially responsible investment implications, triangulating corporate social responsibility (CSR), SRI and corporate performance, and environment and sustainability. Future research directions concluded the bibliometric review. This study would be notable work for the readers to gain a quick understanding of recent trends and knowledge gaps in the SRI area. Managers can apply sustainability management practices, CSR investment, and environment, social, and governance (ESG) investment with the present study as the motivation principles.
Journal: Int. J. of Sustainable Economy
Pages: 349-379
Issue: 4
Volume: 14
Year: 2022
Keywords: bibliometric analysis; citation network; ESG investing; scientific mapping; Scopus; socially responsible investing; SRI; systematic literature review.
File-URL: http://www.inderscience.com/link.php?id=125981
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:4:p:349-379
Template-Type: ReDIF-Article 1.0
Author-Name: Peeyush Bangur
Author-X-Name-First: Peeyush
Author-X-Name-Last: Bangur
Author-Name: Ruchi Bangur
Author-X-Name-First: Ruchi
Author-X-Name-Last: Bangur
Author-Name: Pratima Jain
Author-X-Name-First: Pratima
Author-X-Name-Last: Jain
Author-Name: Abhikrati Shukla
Author-X-Name-First: Abhikrati
Author-X-Name-Last: Shukla
Title: Investment certainty in ESG investing due to COVID-19: evidence from India
Abstract:
This article analyses the impact of COVID-19 on the volatility of ESG investing in India. Furthermore, it assesses the investment certainty in ESG related activities in India after detecting the first case of disease. A generalised autoregressive conditional heteroscedasticity model has been applied to the S%P BSE 100 ESG Index returns. The results show that after COVID-19, the risk related to the market price of the S%P BSE 100 ESG Index has increased, and the certainty of investment decreased. Further, the result of the GARCH (1, 1) model estimation indicates the presence of a large degree of persistency in the S%P BSE 100 ESG index. In addition, after reporting the first case of COVID-19, unconditional variance has been increased by 211.98%.
Journal: Int. J. of Sustainable Economy
Pages: 429-440
Issue: 4
Volume: 14
Year: 2022
Keywords: ESG investing; investment certainty; volatility; COVID-19; ARCH; GARCH; India.
File-URL: http://www.inderscience.com/link.php?id=125986
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:4:p:429-440
Template-Type: ReDIF-Article 1.0
Author-Name: Sovan Mitra
Author-X-Name-First: Sovan
Author-X-Name-Last: Mitra
Title: A real options approach to measuring freedom in Sen's capabilities approach
Abstract:
Sustainability has gained increasing prominence in research literature, with environmental and social issues becoming more important in economic issues. One of the normative approaches to addressing sustainability issues has been applying Sen's capabilities approach. One of the advantages of Sen's capabilities approach is that it is able to take into account a wider range of issues in decision making compared to alternative methods, such as the ethical importance of freedom. A key problem in operationalising Sen's capabilities approach is providing a quantitative framework for measuring the freedom in decisions. In this paper we propose a method for operationalising Sen's capabilities approach by using the real options analysis as a framework to quantifying the freedom in decisions. The real options analysis is a well-established method of modelling economic decisions and using such an approach we propose quantifying the freedom in decisions in terms of the flexibility to exercise decision under the real options analysis. In this paper we show how real options analysis can be used to quantify and indicate the freedom of decisions in terms of Sen's capabilities approach. This paper provides a new framework for analysing decisions under Sen's capabilities approach and examples are provided.
Journal: Int. J. of Sustainable Economy
Pages: 98-110
Issue: 1
Volume: 14
Year: 2022
Keywords: real options; capabilities approach; operationalising; freedom; welfare.
File-URL: http://www.inderscience.com/link.php?id=119716
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:1:p:98-110
Template-Type: ReDIF-Article 1.0
Author-Name: Akinwumi Sharimakin
Author-X-Name-First: Akinwumi
Author-X-Name-Last: Sharimakin
Author-Name: Johnson Sunday Ojewumi
Author-X-Name-First: Johnson Sunday
Author-X-Name-Last: Ojewumi
Title: Deprivation and subjective well-being: implication on health
Abstract:
The study examines the relationship between deprivation, that is, lack of resources and well-being and their impact on self-reported physical and mental health outcomes. Data collected through a set of structured questionnaire administered on a sample of 415 was analysed by descriptive statistics and logit estimation technique. Econometric model reveals that greater feelings of deprivation and poor subjective well-being are associated with poor self-reported physical and mental health. Further, the results show that the history regarding deprivation impacts more on physical and mental health than other-regarding form of deprivation. It was also revealed that both the history-regarding and other-regarding forms of deprivation impact on health via subjective well-being. Policies that will increase employment opportunities and earning capacity of individuals will impact positively on human welfare and reduce feelings of deprivation.
Journal: Int. J. of Sustainable Economy
Pages: 55-77
Issue: 1
Volume: 14
Year: 2022
Keywords: deprivation; subjective well-being; SWB; physical health; mental health.
File-URL: http://www.inderscience.com/link.php?id=119717
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Template-Type: ReDIF-Article 1.0
Author-Name: James Ochieng Babu
Author-X-Name-First: James Ochieng
Author-X-Name-Last: Babu
Author-Name: Daniel Abala
Author-X-Name-First: Daniel
Author-X-Name-Last: Abala
Author-Name: Mary Mbithi
Author-X-Name-First: Mary
Author-X-Name-Last: Mbithi
Title: Public infrastructure investment and private investment in East African community: crowding-in or crowding-out?
Abstract:
The study investigates the link between public infrastructure investment and private investment for five East African community partner states using data for the period 1990-2019. Pooled mean group estimator was employed to capture short- and long-run dynamics. The results indicate that in the short-run, public infrastructure investment crowds-out private investment, however in the long-run, there is crowding-in effect. The findings also confirm the accelerator theory of investment, that is, a positive relationship between private investment and real income. We perform a sensitivity analysis by re-estimating the model using a shorter sub-sample, in the pre-Global Financial Crisis period (1990-2006). Our results are generally robust to this specification. Therefore, to boost private investment in East African community, it is necessary to channel additional resources towards infrastructure development. A stable macroeconomic environment is also a key for private sector investment in the region.
Journal: Int. J. of Sustainable Economy
Pages: 1-23
Issue: 1
Volume: 14
Year: 2022
Keywords: public infrastructure investment; crowding in; crowding out; private investment; pooled mean group; PMG; East African community; EAC.
File-URL: http://www.inderscience.com/link.php?id=119718
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:1:p:1-23
Template-Type: ReDIF-Article 1.0
Author-Name: Alaeddin Mohammad Khalaf Ahmad
Author-X-Name-First: Alaeddin Mohammad Khalaf
Author-X-Name-Last: Ahmad
Author-Name: Mira Hashem Abu Shattal
Author-X-Name-First: Mira Hashem Abu
Author-X-Name-Last: Shattal
Author-Name: Leila A. Rawashdeh
Author-X-Name-First: Leila A.
Author-X-Name-Last: Rawashdeh
Author-Name: Jassim Ghasawneh
Author-X-Name-First: Jassim
Author-X-Name-Last: Ghasawneh
Author-Name: Nawras Nusairat
Author-X-Name-First: Nawras
Author-X-Name-Last: Nusairat
Title: Corporate social responsibility and brand equity of operating telecoms: brand reputation as a mediating effect
Abstract:
This research aims to investigate the impact of the four dimensions of corporate social responsibility (CSR), i.e., workplace, marketplace, environment, and community on the brand equities of operating telecoms in Jordan, in view of the brand reputation as a mediating effect. A purposive sampling technique was used in this research, which is represented by experienced professionals in the fields of corporate social responsibility, human resources, public relations, and marketing in the telecom sector. Data was collected through e-mail and phone interviews. A total of 246 valid questionnaires were returned. The results affirm positive relational correlations between the CSR dimensions and brand equity measures of the operating telecoms, alongside favourable augmentations in the brand reputations. The research provides strategists, marketers, business owners, directors or any acting executive chief or agent tested or confirmed methods and opportunities to further enhance the brand equity and brand reputation of their businesses.
Journal: Int. J. of Sustainable Economy
Pages: 78-97
Issue: 1
Volume: 14
Year: 2022
Keywords: corporate social responsibility; CSR; brand equity; brand reputation; telecom industry.
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:1:p:78-97
Template-Type: ReDIF-Article 1.0
Author-Name: Tatyana Mirolyubova
Author-X-Name-First: Tatyana
Author-X-Name-Last: Mirolyubova
Author-Name: Ekaterina Voronchikhina
Author-X-Name-First: Ekaterina
Author-X-Name-Last: Voronchikhina
Title: Assessment of the digital transformation impact on regional sustainable development: the case study in Russia
Abstract:
The research identified and quantified the regional digital transformation impact on the key indicators of sustainable development, reflecting economic, social and environmental components. The research methodology consists in the construction and verification of a multi-level multiple regression model, reflecting the indicators of the manifestation of the regional digital transformation and their impact on the sustainable development. The article proposes specific indicators that allow to quantitatively measure the level of digital transformation of the region. The influence of digitalisation on the gross regional product is substantiated. On the basis of econometric methods and a set of methods of socio-economic statistics, models of the digital transformation impact on key indicators of regional sustainable development were obtained, calculations were carried out for all regions of the Russian Federation. It has been proven that indicators of sustainable development (economic, social and environmental) depend on the digital transformation level of the region. At the same time, the digital transformation level in industrially developed regions is higher than in regions where non-industrial activities are predominant. The research results can be used to formulate recommendations for improving the policy of stimulating the regional economy digital transformation.
Journal: Int. J. of Sustainable Economy
Pages: 24-54
Issue: 1
Volume: 14
Year: 2022
Keywords: region; digital transformation; digital economy; information and communication technologies; ICTs; sustainable development; regional science.
File-URL: http://www.inderscience.com/link.php?id=119723
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:1:p:24-54
Template-Type: ReDIF-Article 1.0
Author-Name: Wasiu Adekunle
Author-X-Name-First: Wasiu
Author-X-Name-Last: Adekunle
Author-Name: Feyisayo Oyolola
Author-X-Name-First: Feyisayo
Author-X-Name-Last: Oyolola
Author-Name: Oluwafemi A. Atolagbe
Author-X-Name-First: Oluwafemi A.
Author-X-Name-Last: Atolagbe
Author-Name: Ademola A. Abdulbasit
Author-X-Name-First: Ademola A.
Author-X-Name-Last: Abdulbasit
Author-Name: Taiwo H. Odugbemi
Author-X-Name-First: Taiwo H.
Author-X-Name-Last: Odugbemi
Author-Name: Yusuff O. Ashiru
Author-X-Name-First: Yusuff O.
Author-X-Name-Last: Ashiru
Title: Modelling the global prevalence of COVID-19: evidence from multiple wave scenarios
Abstract:
Nearly all economies of the world suffered from the sudden outbreak of the coronavirus pandemic that originated from the Wuhan City of China. In this study, with the aid of the OLS estimator, we uncovered the socio-economic conditions that drove the prevalence of COVID-19 across four continents: Africa, Asia, America and Europe, covering three sub-sample periods of the first wave, second wave and vaccine roll-out. While the only significant and positive driver of the pandemic across continents is life expectancy, higher healthcare spending is prevalence reducing. We also established the prevalence impacts of out-of-pocket spending, net migration, distance and international arrivals for Africa, America, Asia and Europe, respectively. We, finally, obtained forecast graphs for the six predictive models per continent, and our results showed that both the linear and nonlinear specifications are best fit predictive models, particularly for the vaccine roll-out era. We suggest useful policy options.
Journal: Int. J. of Sustainable Economy
Pages: 217-253
Issue: 3
Volume: 14
Year: 2022
Keywords: COVID-19; global; prevalence; cross-section; ordinary least squares; OLS; waves; vaccination.
File-URL: http://www.inderscience.com/link.php?id=123861
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:3:p:217-253
Template-Type: ReDIF-Article 1.0
Author-Name: Md. Gias Uddin Khan
Author-X-Name-First: Md. Gias Uddin
Author-X-Name-Last: Khan
Author-Name: Mohammad Abdul Hannan Pradhan
Author-X-Name-First: Mohammad Abdul Hannan
Author-X-Name-Last: Pradhan
Title: How do the terms of trade influence economic growth? Empirical evidence from Bangladesh
Abstract:
The terms of trade reflect the gain from international trading through its link with different stylised factors. However, maintaining proper terms of trade is one of the prime challenges for least developed and developing countries as this may hurt the growth performance. This paper analyses how the terms of trade impact the economic growth of Bangladesh utilising the yearly time series data throughout the time of 1981 to 2018. The autoregressive distributed lag (ARDL) bounds testing approach corroborates the existence of cointegration between economic growth and terms of trade. The results uncover that the terms of trade significantly affect economic growth in an opposite direction throughout the sample period in both the short-run and long-run. Moreover, labour influences economic growth in the long-run only. The capital, however, does not have any short-run and long-run influences on the GDP growth for Bangladesh.
Journal: Int. J. of Sustainable Economy
Pages: 254-268
Issue: 3
Volume: 14
Year: 2022
Keywords: terms of trade; TOT; economic growth; autoregressive distributed lag; ARDL; Bangladesh.
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:3:p:254-268
Template-Type: ReDIF-Article 1.0
Author-Name: Mohammad Imtiaz Hossain
Author-X-Name-First: Mohammad Imtiaz
Author-X-Name-Last: Hossain
Author-Name: Tze San Ong
Author-X-Name-First: Tze San
Author-X-Name-Last: Ong
Author-Name: Mosab I. Tabash
Author-X-Name-First: Mosab I.
Author-X-Name-Last: Tabash
Author-Name: May Ling Siow
Author-X-Name-First: May Ling
Author-X-Name-Last: Siow
Author-Name: Ridzwana Mohd Said
Author-X-Name-First: Ridzwana Mohd
Author-X-Name-Last: Said
Title: Systematic literature review and future research directions: drivers of environmental sustainability practices in small and medium-sized enterprises
Abstract:
Due to SMEs crucial and dynamic role in the country's economic growth, exploring the important drivers is crucial to motivate the proper implementation of environmental sustainability (ES) practices in small and medium-sized enterprises (SMEs). The study's objectives are to identify relevant drivers of ES practices in SMEs and provide future research directions. The systematic literature review (SLR) methodology proposed by Tranfield et al. (2003) has been adopted with some modifications in this study. The authors have undertaken extensive literature review (n = 22) published between 2009 to 2020 in reputable journals and developed a framework. After analysing the relevant articles critically, 87 drivers have been identified and categorised under two main clusters (internal and external) and eight dimensions. This study contributes to the extant literature by highlighting the importance and current practices of ES in SMEs and proposed a framework integrated with multi-dimensional drivers which provide directions to sustainability scholars.
Journal: Int. J. of Sustainable Economy
Pages: 269-293
Issue: 3
Volume: 14
Year: 2022
Keywords: environmental sustainability practices; drivers; small and medium-sized enterprises; SMEs; systematic literature review; SLR.
File-URL: http://www.inderscience.com/link.php?id=123864
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:3:p:269-293
Template-Type: ReDIF-Article 1.0
Author-Name: Stefan Mann
Author-X-Name-First: Stefan
Author-X-Name-Last: Mann
Title: Why governments should tax animal production: a system approach to internalise the externalities of agriculture
Abstract:
This theoretically motivated opinion paper starts by showing that reducing the production intensity of agriculture locally or nationally, while reducing the negative externalities in the region, may increase production intensities at other places, resulting in a zero-sum game. By collecting different literatures and linking them, I argue that the crucial variable for agricultural sustainability is the conversion efficiency between inputs and outputs and that by far the greatest lever to increase this efficiency is the reduction of animal production. As animal products are not only detrimental for the environment, but also demerit goods from health and moral perspectives, it is due time for governments to identify strategies to reduce animal density in agriculture globally.
Journal: Int. J. of Sustainable Economy
Pages: 294-308
Issue: 3
Volume: 14
Year: 2022
Keywords: agricultural policy; agricultural systems; extensification.
File-URL: http://www.inderscience.com/link.php?id=123869
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:3:p:294-308
Template-Type: ReDIF-Article 1.0
Author-Name: Yasmin Jamadar
Author-X-Name-First: Yasmin
Author-X-Name-Last: Jamadar
Author-Name: Tze San Ong
Author-X-Name-First: Tze San
Author-X-Name-Last: Ong
Author-Name: Fakarudin Kamarudin
Author-X-Name-First: Fakarudin
Author-X-Name-Last: Kamarudin
Author-Name: Asna Atqa Abdullah
Author-X-Name-First: Asna Atqa
Author-X-Name-Last: Abdullah
Title: Future firm performance, corporate governance, information asymmetry and insider trading – a systematic literature review using PRISMA
Abstract:
The purpose of this literature revision is to systematically review and analyse the current research on the effects of future firm performance and corporate governance on insider trading with the interaction of information asymmetry following the preferred reporting item guidelines (PRISMA). This study synthesises 25 journal articles published between 2005 and 2020. The abnormal returns earned from insiders' trades are primarily tied to preferential and favourable superior private information about firms' future performance. In addition, insiders generate significant abnormal returns in the companies with weak corporate governance rules. This review also reveals that the interaction of information asymmetry influences the relationship between future firm performance and insider trading and the relationship between corporate governance and insider trading. Hence, this study emphasises related asymmetric information conditions that lead to greater involvement in insider trading to earn abnormal profit. However, corporate governance contributes to the deterrence of insider trading. This study provides valuable information to assist market participants in the stock market.
Journal: Int. J. of Sustainable Economy
Pages: 309-329
Issue: 3
Volume: 14
Year: 2022
Keywords: insider trading; information asymmetry; future earnings; corporate governance.
File-URL: http://www.inderscience.com/link.php?id=123878
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:3:p:309-329
Template-Type: ReDIF-Article 1.0
Author-Name: Mounir El-Karimi
Author-X-Name-First: Mounir
Author-X-Name-Last: El-Karimi
Title: Economic growth and non-renewable and renewable energy consumption nexus in Morocco: causality analysis in VAR model
Abstract:
Morocco is the fourth-largest electricity consumer in Africa and the fifth in terms of gross domestic product (GDP). This paper examines the causal relationship between renewable and non-renewable energy consumption and GDP in Morocco in the framework of extended Cobb-Douglas production function. To this purpose, we apply Toda and Yamamoto (1995) causality test in VAR model using annual data from 1980 to 2019. First, the results display that there is no significant causality nexus between renewable energy consumption and economic growth, and then the neutrality hypothesis is supported. This finding could be partly explained by the fact that there is likely an unreached threshold beyond which renewable energy consumption will begin to promote economic growth. Second, unidirectional causality from economic growth to non-renewable energy consumption is revealed. Thus, the later seems to be promoted by the country's economic development. Furthermore, capital and labour are found to significantly impact economic growth.
Journal: Int. J. of Sustainable Economy
Pages: 111-131
Issue: 2
Volume: 14
Year: 2022
Keywords: renewable energy; economic growth; Granger causality; energy consumption; Morocco.
File-URL: http://www.inderscience.com/link.php?id=122092
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:2:p:111-131
Template-Type: ReDIF-Article 1.0
Author-Name: Mubaraq Dele Sulaimon
Author-X-Name-First: Mubaraq Dele
Author-X-Name-Last: Sulaimon
Title: Determinants of multidimensional poverty in Nigeria: a state level analysis
Abstract:
The determinants of multidimensional poverty at state level have received little attention in Nigeria. Hence, this study seeks to fill the gap. Data for the study covered 2016/2017 survey period and were analysed using analysis of variance (ANOVA) and ordinary least squares (OLS) techniques. The ANOVA results show significant variations in multidimensional poverty between the south-south, south-east, south-west, north-east, north-west and the north-central regions. The OLS results show that total fertility rate, underage pregnancy and region of residence have significant positive effects on multidimensional poverty while education and health have significant negative effects. The study concludes that decline in total fertility rate will reduce the population growth and burden of poor households and translate into decline in multidimensional poverty. The paper recommends that government should invest significantly in reproductive healthcare, education and sensitisation of individuals on the benefits of contraceptives.
Journal: Int. J. of Sustainable Economy
Pages: 151-166
Issue: 2
Volume: 14
Year: 2022
Keywords: fertility rate; state analysis; multidimensional poverty; Nigeria; ordinary least squares; OLS.
File-URL: http://www.inderscience.com/link.php?id=122100
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Handle: RePEc:ids:ijsuse:v:14:y:2022:i:2:p:151-166