Template-Type: ReDIF-Article 1.0
Author-Name: Sabri Burak Arzova
Author-X-Name-First: Sabri Burak
Author-X-Name-Last: Arzova
Author-Name: Bertac Sakir Sahin
Author-X-Name-First: Bertac Sakir
Author-X-Name-Last: Sahin
Title: Does financial development support renewable energy or carbon emissions? A panel data analysis on emerging countries
Abstract:
We investigate the effect of financial development on renewable energy supply rate and CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions in the period of 1997-2016. Domestic credit to the private sector, stock market traded value and foreign direct investment are proxies of financial development variables. Fixed and random effects models are estimated with the Parks Kmenta method for 19 emerging countries. According to empirical results, domestic credit to the private sector is statistically insignificant. Stock market development harms renewable energy supply. Unlike the first model, domestic credit to the private sector positively affects emissions. However, stock market development has no impact on emissions. Foreign direct investments reduce both the renewable energy supply rate and emissions. Foreign direct investments are one of the important financial elements of the emerging market countries by providing energy savings. Our findings provide a financial perspective to policymakers on renewable energy and low carbon in emerging countries.
Journal: Int. J. of Sustainable Economy
Pages: 93-117
Issue: 1
Volume: 15
Year: 2023
Keywords: renewable energy; financial development; emerging countries.
File-URL: http://www.inderscience.com/link.php?id=127746
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:1:p:93-117
Template-Type: ReDIF-Article 1.0
Author-Name: Mengistu Negussie Amare
Author-X-Name-First: Mengistu Negussie
Author-X-Name-Last: Amare
Author-Name: Malefiya Ebabu Tekea
Author-X-Name-First: Malefiya Ebabu
Author-X-Name-Last: Tekea
Title: Foreign debt-economic growth nexus in Ethiopia: ARDL approach
Abstract:
This paper aims to analyse the contribution of foreign public debt to Ethiopian economic growth. The ARDL co-integration model with the real gross domestic product (RGDP) and consistently affecting factors was employed to achieve this task. The result indicates that debt service payment and debt service to export earnings ratio have an adverse effect. However, they are insignificant to Ethiopia's economic growth. The total foreign debt stock to RGDP has a negative and substantial consequence on the RGDP. The Granger causality test shows a causal relationship between the ratio of the total stock of external debt to RGDP (TEDTRGDP) and RGDP. The coefficient of the error correction equation (176.3%) also dictated a speedy pace of adjustment to converge to the long-run equilibrium after some shock. The study concludes that huge external debt slows a country's economic progress, and there is an issue of debt overhang in the Ethiopian economy.
Journal: Int. J. of Sustainable Economy
Pages: 306-324
Issue: 3
Volume: 15
Year: 2023
Keywords: economic growth; error correction model; external debt; Ethiopia.
File-URL: http://www.inderscience.com/link.php?id=131866
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:3:p:306-324
Template-Type: ReDIF-Article 1.0
Author-Name: Ruchika Sharma
Author-X-Name-First: Ruchika
Author-X-Name-Last: Sharma
Author-Name: Deepika Chhikara
Author-X-Name-First: Deepika
Author-X-Name-Last: Chhikara
Title: Sustainable consumption and mindfulness: analysing knowledge-attitude-practice gap among Indian young professionals
Abstract:
The research is focused on analysing the dimensions of sustainable consumption (SC) in Indian context. Secondly, to know which dimensions contribute to forming positive attitude and subsequently resulting intention to follow sustainable consumption among young professionals. Lastly, it aims to analyse the mediating effect of mindfulness between attitude and intentions towards SC. The research used theory of reasoned action (TRA) and knowledge-attitude-practice gap theory for the formation of theoretical framework. Survey was conducted using structured questionnaire and reliability and validity of all the constructs were ensured through exploratory and confirmatory factor analysis. Data from 480 Indian young professionals were collected and tested using structural equation modelling. The study finds a significant relationship between dimensions of sustainable consumption and positive attitude and intentions towards SC. Furthermore, mindfulness was found to mediate the relationship between attitude and intentions towards SC. The research may help policymakers, researchers, and marketers in understanding sustainable consumer behaviour and help them to generate better marketing strategies.
Journal: Int. J. of Sustainable Economy
Pages: 263-291
Issue: 3
Volume: 15
Year: 2023
Keywords: sustainable consumption; pursuit intention; mindfulness; India; young professional; exploratory factor analysis; EFA; confirmatory factor analysis; CFA; structural equation modelling; mediation analysis; theory of reasoned action; TRA; knowledge-attitude-practice gap theory.
File-URL: http://www.inderscience.com/link.php?id=131870
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:3:p:263-291
Template-Type: ReDIF-Article 1.0
Author-Name: Mohammad Nourmohammadi Shalkeh
Author-X-Name-First: Mohammad Nourmohammadi
Author-X-Name-Last: Shalkeh
Author-Name: Zahra Fotourehchi
Author-X-Name-First: Zahra
Author-X-Name-Last: Fotourehchi
Title: The effect of natural disasters on economic growth with the moderating role of environmental degradation
Abstract:
In recent decades, a significant increase in natural disasters has led to a decline in economic growth in countries at risk of natural disasters. Considering the importance of environmental degradation in creating climate change and the subsequent occurrence of natural disasters, as well as the relationship between natural disasters and economic growth, in this research, the effect of environmental degradation as a moderating variable in the relationship between natural disasters and economic growth in countries at risk of natural disasters during the period 1990 to 2019 was investigated using panel data and the GMM estimation method. The results show that natural disasters damage economic growth in the absence of the moderating variable, but with the presence of the environmental degradation variable, the increase in economic growth is greater than natural disasters.
Journal: Int. J. of Sustainable Economy
Pages: 292-305
Issue: 3
Volume: 15
Year: 2023
Keywords: economic growth; environmental degradation; natural disasters.
File-URL: http://www.inderscience.com/link.php?id=131871
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:3:p:292-305
Template-Type: ReDIF-Article 1.0
Author-Name: Pritpal Singh Bhullar
Author-X-Name-First: Pritpal Singh
Author-X-Name-Last: Bhullar
Author-Name: Seshadev Sahoo
Author-X-Name-First: Seshadev
Author-X-Name-Last: Sahoo
Title: Macroeconomic variables and IPO activities: an empirical investigation in Indian market
Abstract:
The present study intends to examine the effect of selected macroeconomic variables on the initial public offerings (IPO) activity (i.e., volume of IPOs) issued during 2011 to 2020 in the Indian capital market. This study used seven macroeconomic factors, i.e., gross domestic product at constant prices, business confidence index, foreign direct investment in equity inflow, yield on five-year corporate bonds, yield on three-month T-Bills on the secondary market, interbank rate, and performance of the Bombay Stock Exchange, India sensitivity index (BSE Sensex as market benchmark) as independent variables. Econometric tools like vector auto regression, variance decomposition test, and impulse response functions were applied to the selected time series data. We find that the business confidence index, gross domestic product, BSE index performance, and foreign direct investment have significant effects on IPO activities. Furthermore, these macroeconomic variables show their impact over a period.
Journal: Int. J. of Sustainable Economy
Pages: 226-244
Issue: 2
Volume: 15
Year: 2023
Keywords: Indian capital market; IPO activity; macroeconomic variables; VAR; initial public offerings.
File-URL: http://www.inderscience.com/link.php?id=129825
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:2:p:226-244
Template-Type: ReDIF-Article 1.0
Author-Name: Terver Theophilus Kumeka
Author-X-Name-First: Terver Theophilus
Author-X-Name-Last: Kumeka
Author-Name: Olabusuyi Rufus Falayi
Author-X-Name-First: Olabusuyi Rufus
Author-X-Name-Last: Falayi
Author-Name: Adeniyi Jimmy Adedokun
Author-X-Name-First: Adeniyi Jimmy
Author-X-Name-Last: Adedokun
Author-Name: Francis Olayinka Adeyemi
Author-X-Name-First: Francis Olayinka
Author-X-Name-Last: Adeyemi
Title: Economic policy uncertainty and exchange market pressure in Nigeria: a quantile regression analysis
Abstract:
The present study examines the relationship between economic policy uncertainty (EPU) and exchange market pressure (EMP) in Nigeria using the quantile regression econometric technique, and monthly data from 1996 to 2019. For robust analysis, this study investigates the effect of both global and domestic economic policy uncertainties on EMP in Nigeria. The evidence from the results implies that there is structural independence between global EPU and EMP in Nigeria on one hand and between domestic EPU and EMP on the other hand, especially in periods when the market is experiencing bearish and tranquility conditions. Regardless of the possible impacts global and domestic EPU may have on EMP, the co-movement of EPU and EMP in Nigeria is unaffected. However, the effect of the association strengthens for the upper quantiles.
Journal: Int. J. of Sustainable Economy
Pages: 135-166
Issue: 2
Volume: 15
Year: 2023
Keywords: exchange market pressure; EMP; economic policy uncertainty; EPU; quantile regression; Nigeria; exchange rate.
File-URL: http://www.inderscience.com/link.php?id=129827
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:2:p:135-166
Template-Type: ReDIF-Article 1.0
Author-Name: Leonidas Zangelidis
Author-X-Name-First: Leonidas
Author-X-Name-Last: Zangelidis
Title: The impact of COVID-19 infections on money demand: a cointegration analysis in the euro area
Abstract:
Nowadays, there is a structural change that affects the economy and its impact on money demand that needs to be addressed. The COVID-19 pandemic negatively (positively) affects the transaction motive (speculatively), while lock-down measures additionally reduce consumption activity. The purpose of this paper is to empirically estimate for the first time the impact of the COVID-19 recession on euro area (EA) money demand. It uses the money-in-utility and the concept of standard gamble to introduce a health factor in the model. Results show large fluctuations in 2020 to the long-run money demand relationship. New cases of infection in the EA have reduced money demanded from the public, suggesting a negative effect of consumption decrease due to fear or inconvenience. Precautionary effect is also evident when the effect of new cases in big EA countries is examined. The impact of lockdown measures had a negative effect on real GDP.
Journal: Int. J. of Sustainable Economy
Pages: 478-501
Issue: 4
Volume: 15
Year: 2023
Keywords: money demand; COVID-19 recession; structural break; cointegration analysis; error correction model; ECM; vector error correction; long-run equilibrium; time-series models; standard gamble; health behaviour.
File-URL: http://www.inderscience.com/link.php?id=134180
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:4:p:478-501
Template-Type: ReDIF-Article 1.0
Author-Name: Leo Themjung Makan
Author-X-Name-First: Leo Themjung
Author-X-Name-Last: Makan
Author-Name: Kailash Chandra Kabra
Author-X-Name-First: Kailash Chandra
Author-X-Name-Last: Kabra
Title: Re-examining the relationship between carbon performance and carbon disclosure: empirical evidence from selected international companies
Abstract:
The purpose of the paper is to examine the bidirectional relationship between carbon performance and carbon disclosure. To this end, the study used data of 138 international companies during the period 2013-2014 to 2018-2019. The carbon performance was measured as negative carbon intensity, and carbon disclosure was measured by creating a disclosure score and by employing content analysis. The findings of the paper revealed that carbon performance negatively affects carbon disclosure. On the other hand, it is also found that carbon disclosure positively influences subsequent carbon performance. Conducted in the context of large international firms and in a period marked by heightened climate scrutiny, the findings of the study provide important insight for policy purposes and managerial implications. To the authors' knowledge, this current study is one of the first to investigate the bidirectional association between carbon performance and carbon disclosure.
Journal: Int. J. of Sustainable Economy
Pages: 167-185
Issue: 2
Volume: 15
Year: 2023
Keywords: carbon disclosure index; CDI; carbon intensity; climate change; greenhouse gas.
File-URL: http://www.inderscience.com/link.php?id=129828
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:2:p:167-185
Template-Type: ReDIF-Article 1.0
Author-Name: Prakarti Sharma
Author-X-Name-First: Prakarti
Author-X-Name-Last: Sharma
Author-Name: Nidhi Sharma
Author-X-Name-First: Nidhi
Author-X-Name-Last: Sharma
Title: Convergence hypothesis: a systematic literature review with bibliometric analysis
Abstract:
The study presents a systematic literature review with bibliometric analysis of the existing literature on convergence hypothesis sourced from the Scopus database over two decades spanning 2000 to 2020. Literature review based on year, source, affiliation, country, and contributing authors is done, along with bibliographic coupling, thematic evaluation and content analysis. Findings suggest that the existing literature mainly focuses on the developed world for examining convergence and its implications. This reflects a severe lacuna as the research on convergence with emerging economies as a focal point is meagre. In conclusions, the authors suggest ways to deal with this critical research gap.
Journal: Int. J. of Sustainable Economy
Pages: 447-477
Issue: 4
Volume: 15
Year: 2023
Keywords: systematic literature review; SLR; bibliometric analysis; income gap; development economics; convergence.
File-URL: http://www.inderscience.com/link.php?id=134181
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:4:p:447-477
Template-Type: ReDIF-Article 1.0
Author-Name: Muhammad Yousaf
Author-X-Name-First: Muhammad
Author-X-Name-Last: Yousaf
Title: Bankruptcy risk, firm size, and firm profitability: a dynamic panel data approach
Abstract:
The main purpose of this study is to examine the impacts of bankruptcy risk of small and medium enterprises (SMEs) and large firms on firm profitability. By employing the secondary data from the CRIBIS database of the Czech firms from the ten sectors, the bankruptcy risk is measured by Altman model and Springate model. This is the first study examining the impacts of the firm size on firm profitability by simultaneously employing the Altman and Springate models. We employed the two-step system generalised method of moments (GMM) to estimate the regression models. The findings revealed three important results: 1) there is a positive relationship between the bankruptcy models and firm profitability; 2) SMEs earn more profits than large firms; 3) the bankruptcy risk for SMEs is higher than the large firms.
Journal: Int. J. of Sustainable Economy
Pages: 186-204
Issue: 2
Volume: 15
Year: 2023
Keywords: firm size; large firms; Altman model; Springate model; COVID-19.
File-URL: http://www.inderscience.com/link.php?id=129831
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:2:p:186-204
Template-Type: ReDIF-Article 1.0
Author-Name: Chindo Sulaiman
Author-X-Name-First: Chindo
Author-X-Name-Last: Sulaiman
Author-Name: Ng Shing Leng
Author-X-Name-First: Ng Shing
Author-X-Name-Last: Leng
Author-Name: A.S. Abdul-Rahim
Author-X-Name-First: A.S.
Author-X-Name-Last: Abdul-Rahim
Author-Name: Iqbal Muhammad-Jawad
Author-X-Name-First: Iqbal
Author-X-Name-Last: Muhammad-Jawad
Author-Name: Nur Syafiqah A. Samad
Author-X-Name-First: Nur Syafiqah A.
Author-X-Name-Last: Samad
Title: Fresh evidence on the influence of trading activities on CO2 emissions in developed and developing high CO2 emitting countries: long panel data modelling
Abstract:
There is a widespread concern for environmental quality across the world due to greenhouse gases especially carbon dioxide (CO<SUB align="right"><SMALL>2</SMALL></SUB>) emission, which is the main source of global warming. Both trade and carbon dioxide emissions are rising simultaneously over the years. This paper investigates the relationship between trade openness and carbon dioxide emissions in developed and developing high CO<SUB align="right"><SMALL>2</SMALL></SUB> emitting countries over the 1971-2017 period. Panel cointegration and pooled mean group (PMG) techniques were employed. The PMG result revealed that trade openness is positively related to CO<SUB align="right"><SMALL>2</SMALL></SUB> emission for the top emitters from developing countries and hence causes environmental degradation in the long-run. However, trade is negatively related to carbon dioxide emission for the top emitters from developed countries where trade liberalisation appears to increase environmental quality. These findings deliver insights on the need to protect the environment from degradation by adopting green technologies that are environmentally friendly with high-energy efficiency.
Journal: Int. J. of Sustainable Economy
Pages: 522-547
Issue: 4
Volume: 15
Year: 2023
Keywords: carbon dioxide emissions; trade openness; energy consumption; environmental Kuznets curve; EKC; pooled mean group estimator.
File-URL: http://www.inderscience.com/link.php?id=134186
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:4:p:522-547
Template-Type: ReDIF-Article 1.0
Author-Name: Kevin Pan
Author-X-Name-First: Kevin
Author-X-Name-Last: Pan
Author-Name: Reginald J. Harris
Author-X-Name-First: Reginald J.
Author-X-Name-Last: Harris
Author-Name: Alan I. Blankley
Author-X-Name-First: Alan I.
Author-X-Name-Last: Blankley
Author-Name: David Hurtt
Author-X-Name-First: David
Author-X-Name-Last: Hurtt
Title: Ethical motivations for firms to prioritise stakeholder well-being during the initial phase of the COVID-19 pandemic
Abstract:
The initial onset of COVID-19 provides a unique setting to examine firms' behaviours related to corporate social responsibility (CSR). In this study, we investigate whether firms' prior self-declared commitment in CSR and the status of having published ESG scores would predict their prioritisation of stakeholder well-being, evidenced by voluntary disclosures related to COVID-19 and well-being. Consistent with previous literature, firms having published ESG scores appear more likely to act responsibly during a crisis. However, contrary to previous literature, firms' voluntary use of ethics related-terms in financial reports is not correlated with ESG status and is an independent predictor of firms filing more voluntary disclosures on well-being. Further, we found no evidence that firms prioritise well-being to avoid lawsuits. The findings contribute to the discussion in the literature on firms' ethical behaviours, suggesting that firms' own beliefs may play a more important role than lawsuit avoidance in a global crisis.
Journal: Int. J. of Sustainable Economy
Pages: 325-345
Issue: 3
Volume: 15
Year: 2023
Keywords: ethics; corporate responsibility; financial disclosure; pandemic; COVID-19; welfare; text analysis; environmental; social and governance; ESG; corporate social responsibility; CSR.
File-URL: http://www.inderscience.com/link.php?id=131884
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:3:p:325-345
Template-Type: ReDIF-Article 1.0
Author-Name: Kingsley Ikechukwu Okere
Author-X-Name-First: Kingsley Ikechukwu
Author-X-Name-Last: Okere
Author-Name: Obumneke Bob Muoneke
Author-X-Name-First: Obumneke Bob
Author-X-Name-Last: Muoneke
Author-Name: Maxwell Onyemachi Ogbulu
Author-X-Name-First: Maxwell Onyemachi
Author-X-Name-Last: Ogbulu
Author-Name: Izuchukwu Ogbodo
Author-X-Name-First: Izuchukwu
Author-X-Name-Last: Ogbodo
Title: Environmental quality and financial development revisited in the case of Nigeria: a counterfactual simulation approach
Abstract:
This study examines the effect of bank credit to the private sector on environmental quality (carbon emissions and carbon emission intensity) in Nigeria from 1971-2017 adopting novel dynamic ARDL simulations within framework of Stochastic Impact by Regression on Population, Affluence and Technology (STRIPAT). Controlling for the impact of fossil fuel energy use and economic globalisation (<i>de jure</i>), findings of the study showed that financial development exerts a direct and significant long-run rising influence on both carbon emissions and carbon emission intensity in Nigeria. Fossil energy intensity use, population and economic globalisation have a long-run and short-run positive effect on aggregate CO<SUB align="right"><SMALL>2</SMALL></SUB> emission and carbon emission intensity in Nigeria. In all, the findings imply that Nigeria is yet to transit to renewable energy.
Journal: Int. J. of Sustainable Economy
Pages: 384-414
Issue: 3
Volume: 15
Year: 2023
Keywords: carbon emission; carbon emission intensity; CEI; financial development; dynamic ARDL simulation; STIRPAT; Nigeria.
File-URL: http://www.inderscience.com/link.php?id=131885
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:3:p:384-414
Template-Type: ReDIF-Article 1.0
Author-Name: Obed I. Ojonta
Author-X-Name-First: Obed I.
Author-X-Name-Last: Ojonta
Author-Name: Jonathan E. Ogbuabor
Author-X-Name-First: Jonathan E.
Author-X-Name-Last: Ogbuabor
Title: Spending pattern and profit performance: a case study of non-farm household enterprises in Nigeria
Abstract:
The purpose of this study is to ascertain the influence of spending pattern on the profit performance of non-farm household enterprises. The study used the 2018-2019 General Household Survey data from the National Bureau of Statistics, while descriptive analysis and binary logistic regression were used to unveil the patterns in the data. The results indicate that the spending pattern relating to business cost, transport and purchase of raw material influence the profit performance of non-farm household enterprises in Nigeria positively and significantly, while the influence of the spending pattern relating to demand for products and loan repayment remained negative throughout. The study concluded that government should provide favourable business environment for non-farm household enterprises through policies that will enable these enterprises not only to enhance their business capital but also to invest or engage in spending patterns that will optimise their performance on a sustainable basis.
Journal: Int. J. of Sustainable Economy
Pages: 245-259
Issue: 2
Volume: 15
Year: 2023
Keywords: profit; spending; household; enterprises; Nigeria.
File-URL: http://www.inderscience.com/link.php?id=129837
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:2:p:245-259
Template-Type: ReDIF-Article 1.0
Author-Name: Xiaohui You
Author-X-Name-First: Xiaohui
Author-X-Name-Last: You
Title: Job safety, security, and sustainability during COVID-19 in the USA
Abstract:
The pandemic has caused a significant impact on US health and socio-economic status in the USA. This study investigates the association between health and socio-economic impacts and job satisfaction during the COVID-19 pandemic by surveying questions related to health, socio-economic status, beliefs, and employment status toward job safety, security, and sustainability. With the ordinal logistic model, generalised linear model, and multinomial logistic regressions, this research estimates the mental health, employment status, government response, income, and aging effects on job satisfaction, using the 554-survey data collected across the country. Results highlight the significant impact on job satisfaction for young and student groups. According to the estimations, students and unemployed individuals, and those with emotional problems were dissatisfied with job safety, security, and sustainability during the pandemic. On the contrary, the high-income group and those with regular jobs or the retired have less impact and higher job satisfaction.
Journal: Int. J. of Sustainable Economy
Pages: 346-366
Issue: 3
Volume: 15
Year: 2023
Keywords: job safety; security; sustainability; mental health; employment; ordinal regression; generalised linear model; GLM; multinomial logistic regression; MLR; USA.
File-URL: http://www.inderscience.com/link.php?id=131886
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:3:p:346-366
Template-Type: ReDIF-Article 1.0
Author-Name: Priyanka Tandon
Author-X-Name-First: Priyanka
Author-X-Name-Last: Tandon
Author-Name: Deepmala Jasuja
Author-X-Name-First: Deepmala
Author-X-Name-Last: Jasuja
Author-Name: Anurag Bhadur Singh
Author-X-Name-First: Anurag Bhadur
Author-X-Name-Last: Singh
Author-Name: Tanu Jain
Author-X-Name-First: Tanu
Author-X-Name-Last: Jain
Title: Financial inclusion as a tool for achieving inclusive growth: systematic literature and future research agenda
Abstract:
The current study presents a quantitative investigation of the literature on financial inclusion and access to finance using bibliometric analysis. The study has analysed 1,900 documents extracted using the Scopus database between 1977 and 2020 using VOS viewer and Biblioshiny. Based on the results gained from the analysis, the authors discuss the trends of publications based on year, countries, institutions, journals, and authors. The study results indicate that the research on financial inclusion concentrates on specific areas presented through thematic analysis. Some of the recent issues are in the nascent stage - most research themes in this area attribute to financial inclusion and poverty, economic growth, and financial literacy. Finally, the study identifies the research gap in the concerned area, which may provide future research agenda attained through collaborative research within the research community.
Journal: Int. J. of Sustainable Economy
Pages: 548-572
Issue: 4
Volume: 15
Year: 2023
Keywords: financial inclusion; access to finance; bibliometric; citation; systematic literature review.
File-URL: http://www.inderscience.com/link.php?id=134199
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:4:p:548-572
Template-Type: ReDIF-Article 1.0
Author-Name: Ebaidalla M. Ebaidalla
Author-X-Name-First: Ebaidalla M.
Author-X-Name-Last: Ebaidalla
Author-Name: Mohammed Elhaj Mustafa Ali
Author-X-Name-First: Mohammed Elhaj Mustafa
Author-X-Name-Last: Ali
Title: Impact of global value chains integration on firm performance in Sub-Saharan Africa: evidence from micro panel data
Abstract:
This paper examines the impact of global value chains (GVCs) participation on firm performance, using panel data for a sample of 3,790 manufacturing firms distributed in 22 Sub-Saharan African countries. To account for time-invariant and time-variant unobserved heterogeneity, the study adopted matching combined with difference-in-differences methodology (PSM-DiD) estimators. The results indicated that participation in GVCs has positive and significant impact on labour productivity and sales growth, while it has no significant effect on capacity utilisation. Disaggregating GVCs into different components, the analysis revealed some variations in the impact of GVCs on firms' performance. For instance, while exports are found to exert a positive and significant effect on productivity, imports have no important role in influencing firm performance. The paper concluded with some policy recommendations, suggesting that facilitating firms' integration into GVCs is an effective strategy to boost manufacturing sector in Africa.
Journal: Int. J. of Sustainable Economy
Pages: 205-225
Issue: 2
Volume: 15
Year: 2023
Keywords: global value chain; GVC; firm performance; panel data; PSM-DiD; Sub-Saharan Africa.
File-URL: http://www.inderscience.com/link.php?id=129857
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:2:p:205-225
Template-Type: ReDIF-Article 1.0
Author-Name: Muhammad Mehedi Masud
Author-X-Name-First: Muhammad Mehedi
Author-X-Name-Last: Masud
Title: Impact of climate change on aquatic marine fish production: a multivariate and causality analysis
Abstract:
This study explores the dynamic relationship between CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions, average rainfall (RFL), average temperature (TEMP), and aquatic marine fish production (ACQ) in Malaysia using a 39-year time series of data from the World Bank and the Food and Agriculture Organisation (FAO). The ARDL approach to cointegration revealed that CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions and rainfall negatively and significantly influence aquatic marine fish production in the short term. The results also revealed that rainfall negatively and significantly affects aquatic marine fish production in the long run, while CO<SUB align="right"><SMALL>2</SMALL></SUB> emissions and temperature negatively influence aquatic marine fish production in the long run, but they are not statistically significant. Therefore, the findings of this study could help determine the effects of climate change on aquatic marine fish production and guide policy decisions on how to deal with climate change and fisheries management at the national level to reduce the impact of climate change on aquatic marine fish production in Malaysia.
Journal: Int. J. of Sustainable Economy
Pages: 502-521
Issue: 4
Volume: 15
Year: 2023
Keywords: climate change; CO2 emission; aquatic marine fish production; Malaysia.
File-URL: http://www.inderscience.com/link.php?id=134218
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:4:p:502-521
Template-Type: ReDIF-Article 1.0
Author-Name: Nguyen Thi Hoa Hong
Author-X-Name-First: Nguyen Thi Hoa
Author-X-Name-Last: Hong
Author-Name: Pham Thi Mai Huong
Author-X-Name-First: Pham Thi Mai
Author-X-Name-Last: Huong
Author-Name: Nguyen Yen Linh
Author-X-Name-First: Nguyen Yen
Author-X-Name-Last: Linh
Title: The effects of weather variability on the performance and risk of Vietnamese listed companies: evidence from the COVID-19 pandemic
Abstract:
The world has recently experienced the COVID-19 pandemic's unexpected repercussions over the past three years. Regarding Vietnam, one of the countries that have long been among the hardest hit by climate change, the nation has to contend with the combined risk of the pandemic and climate change. Therefore, due to the vulnerability to climate change, especially considering the impact of the COVID-19 pandemic, this paper examines the impact of weather variability on the performance and risks of Vietnamese listed companies under the COVID-19 pandemic. Our empirical results from event study and regression methods indicate that more fluctuating atmospheric pressure, humidity, and precipitation and increasing infected cases were associated with worse financial performance and higher risks. Accordingly, this study suggests that businesses will need to actively prioritise and seriously invest in risk management to deal with the combined dangers of climate change and other unpredictable events like the COVID-19 pandemic.
Journal: Int. J. of Sustainable Economy
Pages: 415-446
Issue: 4
Volume: 15
Year: 2023
Keywords: climate change; climate risk; COVID-19; firm performance; firm risk; Vietnam; weather variability.
File-URL: http://www.inderscience.com/link.php?id=134230
File-Format: text/html
File-Restriction: Open Access
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:4:p:415-446
Template-Type: ReDIF-Article 1.0
Author-Name: Khaoula Aliani
Author-X-Name-First: Khaoula
Author-X-Name-Last: Aliani
Author-Name: Sihem Bouguila
Author-X-Name-First: Sihem
Author-X-Name-Last: Bouguila
Title: Corporate tax aggressiveness and corporate governance: the case of citizen firms
Abstract:
Firms have an inherent intention to minimise their tax burden. These implicit or explicit plans may harm the reputation of citizen firms. Since they are under higher visibility from stakeholders, citizen firms have to adopt an ethical and responsible tax behaviour. The aim of this study is to analyse whether the tax policy is more/less likely to be aggressive in the best 100 corporate citizens. In this paper, the influence of social responsibility on tax policies has been meticulously explored by two methods: a combined effect and an instrumentalist approach. The sample is composed of the best 100 US corporate citizens during 2020. The empirical results reject the direct effects of the corporate social responsibility score and its combined effect with governance variables on tax aggressiveness. However, the moderation effect, which supposes an instrumentalist approach, was supported.
Journal: Int. J. of Sustainable Economy
Pages: 26-46
Issue: 1
Volume: 15
Year: 2023
Keywords: corporate social responsibility; CSR; tax aggressiveness; corporate governance; corporate citizens.
File-URL: http://www.inderscience.com/link.php?id=127732
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:1:p:26-46
Template-Type: ReDIF-Article 1.0
Author-Name: Rajesh Gangakhedkar
Author-X-Name-First: Rajesh
Author-X-Name-Last: Gangakhedkar
Author-Name: Jaspreet Kaur
Author-X-Name-First: Jaspreet
Author-X-Name-Last: Kaur
Author-Name: M. Karthik
Author-X-Name-First: M.
Author-X-Name-Last: Karthik
Title: Purchase intention on energy efficient household appliances - a meta-analysis of the studies based on theory of planned behaviour
Abstract:
The purpose of this research is to study the purchase intention (PI) on energy efficient household appliances by making a meta-analytic review of the studies that have applied theory of planned behaviour. Results of 30 studies that met the inclusion criteria have been synthesised in the meta-analysis. A moderator analysis is also made in order to examine the reasons for heterogeneity in the studies. Analysis of publication bias is also made. The findings revealed that all the three variables of TPB have medium to large associations with PI of energy efficient appliances. Attitude was found to have the strongest relationship with r = 0.571, followed by perceived behavioural control with r = 0.465 and subjective norms with r = 0.443. Moderator analysis gave mixed results. This meta-analytic review is the first of its kind in the domain of adoption of energy efficient appliances by households. The study gives valuable insights to policymakers and researchers into the prediction of PI on energy efficient household appliances.
Journal: Int. J. of Sustainable Economy
Pages: 1-25
Issue: 1
Volume: 15
Year: 2023
Keywords: theory of planned behaviour; meta-analysis; energy efficient appliances; forest plot; effect sizes; fixed effect; random effect; publication bias; funnel plot; heterogeneity; moderator.
File-URL: http://www.inderscience.com/link.php?id=127733
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:1:p:1-25
Template-Type: ReDIF-Article 1.0
Author-Name: Tarek Chebbi
Author-X-Name-First: Tarek
Author-X-Name-Last: Chebbi
Author-Name: Waleed Hmedat
Author-X-Name-First: Waleed
Author-X-Name-Last: Hmedat
Title: The impact of ECB's pandemic emergency asset purchase announcements on sovereign bond markets: evidence from Euro area countries
Abstract:
This paper presents a comprehensive event study analysis to trace the impact of the announcements of the ECB's asset purchases during the COVID-19 pandemic period on major euro area sovereign bond markets. The findings indicate that such impact differs considerably across types of assets and countries. For instance, the monetary easing news performs a strong impact on the long- and medium-term sovereign debt yields. We find also that ECB's monetary actions have been effective in lowering the return volatility for the short-term interest rates. In addition, the reducing effect of monetary news during the COVID-19 crisis remains strong and significant for Italy and Spain, even after controlling for macroeconomic surprises. Furthermore, while the sovereign yields may not reveal significant responses to monetary news which are not related to asset purchases undertaken by the ECB, our findings highlight significant stabilisation and destabilisation impacts of these announcements. Finally, a split between early PEPP and subsequent (June and December) announcements indicates that the decline in the sovereign bond yields is driven by the March announcements. The stabilisation effect in the short-term bond market shown for the whole sample is mainly explained by the June and December announcements.
Journal: Int. J. of Sustainable Economy
Pages: 367-383
Issue: 3
Volume: 15
Year: 2023
Keywords: ECB; asset purchases; sovereign bond yields; COVID-19 pandemic.
File-URL: http://www.inderscience.com/link.php?id=131831
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:3:p:367-383
Template-Type: ReDIF-Article 1.0
Author-Name: Santanu Mandal
Author-X-Name-First: Santanu
Author-X-Name-Last: Mandal
Author-Name: Arun Chandran
Author-X-Name-First: Arun
Author-X-Name-Last: Chandran
Author-Name: Meenakshi Kanakaraj
Author-X-Name-First: Meenakshi
Author-X-Name-Last: Kanakaraj
Author-Name: R. Sourav
Author-X-Name-First: R.
Author-X-Name-Last: Sourav
Author-Name: Payel Das
Author-X-Name-First: Payel
Author-X-Name-Last: Das
Title: Examining the antecedent role of biosphere value, environmental usefulness and ecotourism involvement: an empirical study
Abstract:
While recently there has been the increasing importance of ecotourism and sustainable behaviour, studies have not been able to address substantially the generation of individual dimensions of ecotourism behaviour. The current investigation explores the role of perceived biosphere value, perceived environmental usefulness, and ecotourism involvement for understanding the growth of socio-cultural beneficial behaviour, economically beneficial behaviour and environmental friendly behaviour. The study has seven latent variables that were operationalised in a first order. All the constructs were developed based on established scales, complemented with pre-test and expert feedback. The data were collected from individuals who are frequent travellers to nature-based destinations. The study had 108 usable responses. The study used partial least squares in R-Studio to validate the proposed associations. Results suggest a prominent role of ecotourism involvement and perceived biosphere value in shaping the different variants of ecotourism behaviour.
Journal: Int. J. of Sustainable Economy
Pages: 47-71
Issue: 1
Volume: 15
Year: 2023
Keywords: biosphere value; ecotourism involvement; ecotourism behaviour; tourist behaviour.
File-URL: http://www.inderscience.com/link.php?id=127735
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:1:p:47-71
Template-Type: ReDIF-Article 1.0
Author-Name: Vandana Bhavsar
Author-X-Name-First: Vandana
Author-X-Name-Last: Bhavsar
Author-Name: Pradeepta Kumar Samanta
Author-X-Name-First: Pradeepta Kumar
Author-X-Name-Last: Samanta
Title: Analysing the impact of quality of government expenditure on economic growth: evidence from Indian states
Abstract:
Proliferation of endogenous growth theories has engendered different models connecting government expenditure with a country's long-term growth. Numerous studies based on this growth theory revealed that different components of government expenditure have distinct impact on economic growth due to their differing productivity. Following fiscal consolidation measures in India, the quality of states' government expenditure has been compromised periodically. Therefore, overarching purpose of this study is to empirically examine which component of government expenditure more productively contributes to states' economic growth using a panel data of 29 states/union territories over a period 2004-2005 to 2019-2020. Empirical findings ratify a priori, that capital (revenue) expenditure is productive (unproductive) and positively (negatively) impacts states' economic growth, whereas, economic and social services expenditures are unproductive. The findings have some policy implications in order to sustain and enhance the regional economic growth and to maintain fiscal discipline while persevering with fiscal consolidation.
Journal: Int. J. of Sustainable Economy
Pages: 72-92
Issue: 1
Volume: 15
Year: 2023
Keywords: government expenditure; capital expenditure; revenue expenditure; generalised method of moments; GMM; state; economic growth; productive government expenditures; unproductive government expenditures; panel data; social service expenditure; economic service expenditure.
File-URL: http://www.inderscience.com/link.php?id=127736
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:1:p:72-92
Template-Type: ReDIF-Article 1.0
Author-Name: Anthony Orji
Author-X-Name-First: Anthony
Author-X-Name-Last: Orji
Author-Name: Ikenna P. Nwodo
Author-X-Name-First: Ikenna P.
Author-X-Name-Last: Nwodo
Author-Name: Jonathan E. Ogbuabor
Author-X-Name-First: Jonathan E.
Author-X-Name-Last: Ogbuabor
Author-Name: Onyinye I. Anthony-Orji
Author-X-Name-First: Onyinye I.
Author-X-Name-Last: Anthony-Orji
Title: Estimating the size of Nigeria's output connectedness with China, India and USA: a normalised generalised forecast error variance decomposition approach
Abstract:
This paper investigated the size of Nigeria's output connectedness with China, India and USA, with particular focus on Nigeria's latest democratic era that began in 1999. The study used the normalised generalised forecast error variance decomposition (GFEVD) of the underlying vector error correction (VEC) model to construct the connectedness measures. The findings reveal that India and China are the largest contributors of spillover index in the system. Overall, the size of the connectedness index of the economies is 34.55%, which shows remarkable output spillovers among these countries. The policy implication of these results is that Nigerian economic authorities should closely monitor the output fluctuations around the world, especially those of Nigeria's top trade partners like India and China in order to mitigate adverse output shocks.
Journal: Int. J. of Sustainable Economy
Pages: 118-133
Issue: 1
Volume: 15
Year: 2023
Keywords: connectedness; VAR model; democratic era; Nigeria; China; India; USA.
File-URL: http://www.inderscience.com/link.php?id=127741
File-Format: text/html
File-Restriction: Access to full text is restricted to subscribers.
Handle: RePEc:ids:ijsuse:v:15:y:2023:i:1:p:118-133