Evaluations of Driving Effects of the Automotive Industry in the Romanian Economy – A Quantitative Analysis

Analysis of energy consumption structure on CO[formula omitted] emission and economic sustainable growth

This study investigated the impact of the people category of the Sustainable Development Goals (SDGs) on sustainable and conventional economic growth in Asia and the Pacific region, using a sample of 52 selected countries between 2000 and 2023. Employing two distinct models, model A1 for conventional economic growth and model A2 for sustainable economic growth, we explained the relationships between five SDG indicators: employed poverty rate, stunted children, expenditure on health, expenditure of education, and % of women MNAs on economic growth. This study employed a fixed-effect model and random-effect model to investigate the impact of the people category SDGs on traditional and sustainable economic growth. The comparative analysis of each SDG in both models revealed valuable insights. SDG 1, “employed poverty rate”, has a positive impact on economic growth in both models, while SDG 2, “percentage of stunted child”, did not significantly influence economic growth in either model. Moreover, SDG 3 and SDG 4, relating to “government’s health expenditure per capita” and “government’s Education education expenditure per capita”, respectively, exhibited a positive impact on traditional and sustainable economic growth. Conversely, SDG 5, “percentage of women members of national parliament”, displayed an insignificant impact on traditional and sustainable economic growth models. In conclusion, this study suggests that policymakers should prioritize targeted interventions to alleviate employed poverty, enhance healthcare, and boost education spending. Moreover, promoting women’s representation in national parliaments should be approached with context-specific strategies to maximize its impact on economic growth.

Metals mining is one of the sectors that drives the national economy, and produced to meet the needs of human life. Almost all industries need this sector as an input either directly or indirectly, and each creation of the output from this sector requires input from many other industries. The role of this sector can be traced by calculating its spreading (downstream linkages) and its degree of sensitivity (upstream linkages) of any other sectors in the country. The data used for supporting this calculation comes from trade transactions between sectors that have been compiled into Indonesian input-output tables. The analysis objective is to find the impact of metals mining sector on the regional economy. The method is conducted through approach of input-output analysis. Based on the calculation using inputoutput table analysis, it appears that there are four sectors that almost all its domestic output able to fulfill the needs of other sectors in the country, i.e. tin processing, other metals processing, gold processing, and silver processing sector. In other words, these four sectors have a high downstream linkage to other sectors in the country. The upstream linkages of these four sectors are also quite large because almost all other sectors in the country utilize the products of these sectors, either directly or indirectly. While the output of copper processing sector almost entirely for exports, it indicates that the other industries in the country have not been able to capitalize on this sector products due to various constraints such as technologies and investment in the processing and purification. This means that the copper mining sector has a low downstream linkage to the other sectors in the country. While the upstream linkage of this sector is very small, because this sector is not much utilizing the products from other sectors in the country for the production process. The four sectors are more impactful since they have a high level of upstream and downstream linkages to the other industry sectors in the country compared to the copper mining sector.

The Indonesian government policy in encouraging sustainable economic growth to reduce unemployment, poverty and inequality is threatened to fail, because economic growth does not reach targets and is not of quality. The purpose of this research is to explain the four pillars of growth and development namely; human capital, social capital, institutional economics and entrepreneurship as the main drivers of quality and sustainable economic growth. This research method used primary data on entrepreneurship and SMEs in the provinces of Central Java and Yogyakarta. The correlational form of recursive model path analysis was used as analytical method. The research results show the very strong role of human capital as the main key in driving economic growth both directly and indirectly. The existence of human capital and social capital will further encourage new economic institutions, furthermore new economic institutions will encourage the competitiveness of productive entrepreneurship and high, quality, and sustainable regional economic growth. The policy implication is that high, quality, and fundamentally sustainable economic growth must be built on the four main pillars basis namely; human capital, social capital, institutional and entrepreneurship in order to be more successful in reducing development problems; unemployment, poverty and income inequality.

The paper is aimed at assessing the impact of capital flows from commercial banks and FDI on sustainable economic growth in ASEAN countries. The study has conducted quantitative secondary analysis on data collected from 1980 to 2018 for Thailand, Vietnam and Malaysia. Descriptive statistics, correlation and ARDL are applied to measure the impact of each variable on sustainable economic growth. The study has shown a significant long-run relationship of short-term debt, long-term debt, technology, capital flows and savings and investment on sustainable economic growth. Short-term debt is found to have a negative impact in the long run. The short-run relationship between long-term debt, short-term and sustainable economic growth is significant while insignificant for all other variables. The study is useful for countries that are aiming for sustainable economic growth since all the factors are helpful to consider. Future researchers can use other regions to empirically examine the same model. The study is focused on only 3 countries from ASEAN countries and is only focused on one region. As economic and political scenarios different, results might not be same in other parts of the world.

The purpose of this article is to examine the drivers of global standardization and localization of International Human Resource Management (IHRM) practices internalized by Pakistan’s automotive industry leading to sustainable economic growth. The authors have studied the IHRM determinants influencing the automotive manufacturers, and have assessed its impact on sustainable economic growth. Analysis is developed on the antecedent IHRM theories and literature in the backdrop of Pakistan’s automotive industry. The study highlights the paramount aims of host-country IHRM practices viz global standardization and localization, its impact on host-country organization’s performance and resultant effect on sustainable economic growth. The article has focused, in subtle manner, on improving the explicit understanding on IHRM practices viz global standardization and localization drivers to achieve both growth for the industry and sustainable economic development of the country. The study is based on already generated literature thereby limiting the generalizability thereof, and provides a review of IHRM practices and outcomes in automobile sector in the growth context. The results have presented guidelines to researchers and practitioners doing research in human side in automotive industry providing impetus for growth, both at industry and country level.

The Importance of the Manufacturing Sector in the Romanian Economy

Digital finance is an innovative financial model of great significance for sustainable economic growth. By constructing indicators of sustainable economic growth, we explore the impact of digital finance on sustainable economic growth using the fixed effect model, mediating effect model, threshold regression model, and dynamic spatial Dubin model. The study finds that digital finance can drive sustainable economic growth, and the robustness and endogenous treatment results strongly verify this. Digital finance promotes sustainable growth mainly through technological innovation. In addition, with technological innovation and the development of renewable energy, there is a significant nonlinear relationship between digital finance and sustainable economic growth. Finally, the spatial spillover effect results show that digital finance's impact on sustainable economic growth has a positive effect, whether it is a direct effect or an indirect effect. This article provides possible ideas for digital finance to promote sustainable economic growth.

SDG 8’s goal is to promote sustained, inclusive, and sustainable economic growth; full and productive employment; and decent work for all. This chapter examines the experiences of East Asian developing countries in achieving rapid and inclusive economic growth by focusing on the role of international tradeand foreign direct investmentnexus created through global value chains (GVCs)by multinational corporations (MNCs). GVCs enabled participating companies and countries to improve productivity, contributing to economic growth. The factors attributable to the participation in GVCs include high competitiveness of local companies and open business environment created by the Asian government. Moreover, construction and maintaining well-functioning soft (e.g., education and legal systems) and hard (e.g., transportation and communication systems) infrastructure by the government and international donors contributed to the creation of business-friendly environment. Faced with growing protectionism and the threats of growing US-China rivalry, infectious diseases, climate change, etc., maintaining an open and transparent rules-based business environment is crucially important to further achieving sustained, inclusive, and sustainable economic growth. In the light of absence of effective global economic order, exemplified by ineffectiveness of the World Trade Organizationin trade liberalization as well as dispute settlement, regional economic frameworks such as the CPTPP and RCEP in the Asia and Pacific region would be proven to be effective to achieve the goal.

Die neue UN-Resolution „Transforming our world: the 2030 Agenda for Sustainable Development“ – die neue UN-Ziele verankern klare Vorgaben für nachhaltige Entwicklung und verstehen sich als konzeptionelle, normative Antwort auf das global fließende Muster der wirtschaftlichen Transformation, kurz: die Globalisierung. Der neue KommentarDer Kommentar von Huck reagiert hierauf mit einer umfassenden Auslegung für die praktische Arbeit. Er deckt den gesamten Regelungsbereich der einzelnen Sustainable Development Goals, kurz SDGs ab. Ausführlich werden die insgesamt 169 Zielvorgaben erläutert und eingeordnet. Dabei werden immer auch Fragen zur Verbindlichkeit für wen, zum konkreten Anwendungsbereich und zu Rechtsschutzmöglichkeiten geklärt.The UN Resolution Transforming our world: “the 2030 Agenda for Sustainable Development” set in forth at 1 January 2016 enshrines 17 Sustainable Development Goals (SDGs) including 169 targets and seems a conceptual, normative answer to the global fluid pattern of economic transformation, shortly: the globalisation. Against this background, the SDGs are embarking to the multileveled legal order, following different horizontal and vertical ways. The significance of the SDGs for the application of the law in the context of regulations of the international level within the UN and autonomous International Organisations appears to be clearly visible. On the vertical level regional cooperation such as the EU, ASEAN, CARICOM, are integrating the SDGs in different legal agreements and similar currently happens on the national level and not to forget the transnational level as well. This new Commentary covers the whole field of SDG law.

This study investigates the relationship between sustainable economic growth and foreign direct investment (FDI) in Saudi Arabia from 1980 to 2023. The ARDL approach and VECM technique are employed to analyze the short-run and long-run dynamics. The short-run results show mixed effects. Sustainable economic growth has a positive impact on current and one-period lagged FDI but a negative impact on the two periods lagged. Trade openness and infrastructure negatively affect FDI in the short run. Interestingly, oil rents and real economic growth also have negative short-run impacts on FDI, but these effects become positive with a longer lag. Long-run analysis reveals a negative relationship between trade openness, infrastructure, and oil rents with FDI, suggesting a potential crowding-out effect. Trade openness has a positive long-run impact on most variables, including sustainable growth, FDI, real growth, and CO2 emissions. Oil rents also have a positive long-run impact on these variables. This study finds six bidirectional causal relationships in the short run, primarily between trade openness, infrastructure, oil rents, and FDI. Unidirectional causality runs from oil rents, trade openness, exchange rate, sustainable growth, and real growth to FDI and infrastructure. Additionally, CO2 emissions cause FDI, and trade openness causes sustainable growth. While sustainable economic growth benefits FDI in the long run, short-term policies regarding trade openness and infrastructure require reevaluation. Oil revenue and real economic growth may initially deter FDI, but this reverses in the long term. To attract sustainable FDI, policymakers should focus on long-term economic growth strategies and consider reforms in trade and infrastructure policies. A comprehensive FDI strategy that moves beyond oil dependence and leverages trade openness is crucial to long-term economic diversification.

MICE has great potential as a driver of inclusive and sustainable economic growth, but the study is still limited. In fact, MICE is not just a tourism subsector, but a node of interaction between industries and regions. This study aims to measure the economic contribution of MICE domestic tourists to the Indonesian economy, both in terms of output, income, employment, and added value, as well as to evaluate sectoral linkages and spillover effects between regions. The methodology used is the Interregional Input-Output (IRIO) model, which tracks economic impacts sectorally and spatially. MICE travelers' spending is converted into a final demand vector, which is then used to calculate changes in output, income, labor, and added value at the provincial and sector levels. The results show that domestic MICE spending generated additional output of IDR 219.10 trillion, revenue of IDR 44.77 trillion, creation of 1.36 million jobs, and added value of IDR 122.75 trillion. The largest sectoral impact was felt in the accommodation, trade, land transportation, and food and beverage sectors. Spatially, provinces such as DKI Jakarta, East Java, and Bali received the greatest absolute benefits, while S.R. Yogyakarta, NTB, and Southeast Sulawesi recorded the highest percentage growth. These findings affirm the role of MICE as a lever for the national economy and a tool for regional equity. In conclusion, the MICE sector has demonstrated its role not only as a driver of economic growth but also as a catalyst for deeper regional economic integration. Recommendations include promoting policies that the impact of MICE is not only temporary, but also the foundation for inclusive and sustainable long-term economic growth.

Since the 1978 economic reform, China has undergone a historical process of rapid urbanization. Although this process has been recognized as a key factor in the development of sustainable growth in China, low quality rural labor continues to limit the effectiveness of the country’s urbanization. Our study uses a spatial analysis framework to explore how the education level of rural laborers moderates the effect of urbanization on economic growth with provincial data collected from 1996 to 2015. Our results reveal that the influence of population urbanization on sustainable growth is mediated by the improvement of consumption capacity of urban dwellers and the industrial structural changes. The education level of rural laborers adjusts the urbanization’s influence on the consumption capacity of residents, which further affects economic growth. Empirical evidence indicates that the educationally limited rural population negatively moderates the impact of urbanization on sustainable economic growth by restraining the consumption capacity of migrating rural labor. It is also found that in some provinces with less-qualified rural labor, such as Gansu, Yunnan and Qinghai, population urbanization has not contributed to a corresponding economic growth, indicating that these provinces may have undergone urbanization without growth. These findings suggest that basic education is critical to the growth of income and consumption capacities of rural labor when laborers are migrating to urban areas. To achieve a valid urbanization process and sustainable growth, state and local governments must improve the basic education scheme, especially the nine-year compulsory education in Chinese rural areas through public financial investment and policy support.

The purpose of this study was to investigate the enabling environment within which smallholder farmers operate amidst the uneven playing field in the agricultural sector and the stringent demands of the consumer driven market. Most of the smallholder farmers utilise informal vegetable markets and these offer higher prices for the leafy vegetables. The study is based on data collected from 56 smallholder vegetable producers in Gauteng Province of South Africa. The study unveiled that the business environment has many challenges for the smallholder to competitively function in formal marketing channels, including poor upstream and downstream linkages and access to finance and technology. Access to inputs is a limiting factor to productivity with almost 41.7% of the farmers depending of government input handouts. The results of the logistic regression analysis shows a positive relationship between the choice of most utilised market and age, level of education, established arrangement with certain markets and sources of information on markets. This study concludes that there is need for multi-stakeholder engagements including organisations already working with smallholder farmers in order to ensure that there is no overlap of support services and hence indirectly ensuring wider coverage of farmer support. Both upstream and downstream linkages need to be promoted and this needs the intervention of the government through the support of organisations such as the national Department of Agriculture.

Sustainable economic growth is one of the main pillars of sustainable development, together with the environment and society. Therefore, unveiling the factors behind sustainable economic growth is vital for the design of economic, educational, and social policies. This study investigates the role of renewable energy use, gender inequality, human capital, and foreign direct investment (FDI) inflows on sustainable economic growth in the BRICS countries during the period of 2000–2021 by using novel cointegration and causality tests. The findings of the causality test point out a feedback interplay among renewable energy use, gender inequality, and indicators of sustainable economic growth and a unidirectional causality from human capital and FDI inflows to indicators of sustainable economic growth. Furthermore, the consequences of the cointegration test unveil that the use of renewable energy, human capital, and FDI inflows positively impact sustainable economic growth, while gender inequality negatively affects sustainable economic growth. In conclusion, our results highlight the significant roles of renewable energy, human capital, and FDI inflows, along with gender equality, in achieving sustainable economic growth.