Development Of Service Sector Research Articles

Investigating the Dynamics of Workforce Stability: The Influence of Perceived Employability on Career Resilience, Task Performance, Learning Agility and Employee Retention

The main purpose of this study is to analyze the complex interrelationships among perceived employability, employee task performance, employee retention, career resilience, and learning agility to cover this knowledge gap and provide HR practices and policies supported by evidence that can increase service sector development and contribute to Saudi Arabia's economic goals. The study used a cross-sectional quantitative design and conducted an online survey of employees in the service sector of Saudi Arabia. Snowball sampling was used during the data collection, and 403 usable responses were collected and utilized for data analysis. Data analysis techniques included descriptive statistics, Pearson correlation, and composite assessment analyses were conducted through SPSS 28. For hypothesis testing, the PLS-SEM model was used through SmartPLS4. R2adj, standardized root means square residual, Normed fit index, and Q2predict were used for model evaluation. The research findings highlighted the importance of perceived employability which is positively related to task performance and retention and show the need for organizations to train their employees so that they are characterized by career resilience and learning agility, which relate positively on their task performance and their retention within the Saudi service industry. Acquiring knowledge and understanding regarding these relationships is essential to develop targeted practices and policies to improve employee outcomes and elevate the organization's competitiveness in an economy undergoing rapid transformations. This study's findings provide practical implications regarding human resource management and organizational development strategies in Saudi Arabia that will support future research by enhancing perceived employability, building career resilience, developing employee task performance, improving learning agility, and ensuring a higher rate of employee retention, realizing the significance of each element in developing organizational goals and success. Keywords: perceived employability, employee task performance, employee retention, career resilience, learning agility.

Enhancing stroke prediction using the waikato environment for knowledge analysis

<p>State-of-the-art data mining tools incorporate advanced machine learning (ML) and artificial intelligence (AI) models, and it is widely used in classification, association rules, clustering, prediction, and sequential models. Data mining is important for the process of diagnosing and predicting diseases in the early stages, and this contributes greatly to the development of the health services sector. This study utilized classification to predict the stroke of a sample of the patient dataset that was taken from Kaggle. The classification model was created using the data mining program waikato environment for knowledge analysis (WEKA). This data mining tool helped identify individuals most at risk of stroke based on analysis of features extracted from the patient’s dataset. These features were used in classification processes according to the naive Bayes (NB), random forest (RF), support vector machine (SVM), and multi-layer perceptron (MLP) algorithms. Analysis of the classification results of the previous algorithms showed that the SVM outperformed other algorithms in terms of accuracy (94.4%), sensitivity (100%), and F-measure (97.1%). However, the NB algorithm had the best performance in terms of precision (95.7%).</p>

China's progress in synergetic governance of climate change and multiple environmental issues.

Advancing the synergetic control of climate change and environmental crisis is crucial for achieving global sustainable development goals. This study evaluates synergetic governance levels over climate change and four environmental issues at the provincial level in China from 2009 to 2020. Our findings reveal significant progress in China's coordinated efforts to mitigate carbon emissions, reduce air pollutants, and conserve water resources. However, there remains room for improvement in managing solid waste and protecting ecological systems and overall progress in synergetic governance has slowed since 2015. Employing a random forest model, we identify socio-economic factors with great influence on synergetic climate change and environmental governance, such as energy intensity, service sector development, electronic equipment manufacturing, and transportation. Additionally, we reveal nonlinear relationships between some factors and performance of environmental subsystems, including both plateau effects (e.g. output in the smelting of ferrous metals) and U-shaped patterns (e.g. output in the manufacturing of metal products), possibly attributed to constraints in end-of-pipe treatment capacities and complexities in supply chain networks. Furthermore, through hierarchical clustering analysis, we classify provinces into four groups and provide tailored recommendations for policymakers to enhance synergetic governance levels in their respective regions. The framework established in this study also serves as a valuable reference for countries seeking to develop practical and context-specific solutions to mitigate climate and environmental risks.

MODERN CHALLENGES TO THE MANAGEMENT OF INNOVATION AND COMPETITIVENESS OF ORGANIZATIONS IN THE FIELD OF MEDICAL SERVICES

The latest realities of development of the medical services sector have highlighted the effectiveness of innovation management as an important factor in the competitiveness of a medical organization. The authors hypothesized that at this stage certain challenges have emerged that have identified a number of problems for managing innovation in the field of medical services. So, they create threats to the competitiveness of organizations that cannot find reliable approaches to managing innovation in real-world conditions. A study of the flow of innovations in the medical field in recent years has confirmed this situation. Тhe main challenges and problems of innovation management at the present stage were formulated at the work and were put forward proposals for their possible solutions.

The role of creative industries in the regional economy

Aim. To analyze the role of creative industries in regional economic development with a focus on St. Petersburg. Objectives. To study theoretical approaches to the study of creative industries; to examine the existing concepts of creative industries; to analyze various methods of assessing creative industries and their impact on the regions; to evaluate the contribution of creative industries to the economy of St. Petersburg, to study their dynamics and impact on the socio-economic development of the city.Methods. The authors used general scientific research methods such as deduction, analysis, synthesis and logical analysis. Classical research methods were applied to collect and process data on creative industries.Results. The study determined the role of creative industries in the socio-economic development of regions. The understanding of further prospects of creative industries was formed. The fac[1]tors influencing the economic growth of the region were analyzed. The degree of development of creative industries in St. Petersburg is assessed and their contribution to the structure of gross regional product (GRP) of the region due to the available technical, logistical, digital, cultural and leisure infrastructure is presented. It is concluded that it is the synergetic development of creative industries and related services sector (wholesale and retail trade, catering, tourism, logistics) that can lead to an increase in the quality of life of the population in a particular region, which is the stated goal of socio-economic development of the Russian Federation (RF). Conclusions. Creative industries play a significant role in the regional economy, which is due to their ability to generate creative product and stimulate economic activity. The results of the study showed that the key indicators for assessing the contribution of creative industries are the volume of creative product in the regional GRP, the share of employment in creative sectors and the proportion of creative organizations from the total number of enterprises in the region. The research contributes to the understanding of the mechanisms of creative industries’ influence on the socio-economic condition of a large Russian city, and provides a basis for the development of strategies to support and develop them

Regional Imbalances In The Levels of Socio-Economic Development In Kollegal Taluk Chamarajanagar District

Regional disparities are common in almost all nations globally inattentive of whether being under-developed, developing, or developed. With the new conversion of target towards human development, the existence of inequalities on rural development is one of the primary issues faced by developing countries. It attempted to examine the spatial inequalities in the rural amenities in Kollegal taluk, Chamarajanagar district. The level of development is estimated separately for education, health, economic, and communication sectors and the taluk is classified into three categories according to the values of the Aggregate weightage scores. An attempt has been made to analyze the level of regional development among different villages in Kollegal. According to the regional disparity, the development index shows that some regions are far more systematically developed in the center of the taluk headquarters. The result shows that vast disparities in the level of regional overall development lie among various villages of Kollegal. The extent of the infrastructure services sector's development has been shown statistically and favorably related to overall socio-economic development, suggesting that the two sectors' development and expansion have been advancing concurrently throughout the country. The result shows that merely a few villages have the highest scores in overall development.

Human Resource Competency Development to Support the Development of Blue Economy-Based Marine Energy

The utilization of ocean energy based on the blue economy has become a primary focus in efforts to achieve sustainability in the maritime sector. The development of this sector requires high-quality human resources to address complex challenges. Therefore, this research aims to identify the need for human resource competencies to support the development of ocean energy based on the blue economy. This study adopts a mixed-methods approach (qualitative and quantitative) with a survey of stakeholders in the ocean energy sector. The survey will be conducted to gather data on the competencies required by personnel in various fields such as technology services, management, and law. The collected data will be analyzed using factor analysis techniques to identify the most important competencies. The targeted outcome is to provide employees as future generations with additional knowledge insight into relevant blue economy aspects aligning with the needs and challenges they will face in the future. We hope that the results of this research will provide valuable information for those involved in human resource development in the ocean energy service sector. This information can be utilized to develop training and staff development programs tailored to the specific needs.

Agricultural mechanization and the performance of the local Chinese economy

In this study, we analyze the impact of agricultural mechanization on the local Chinese economy from 2010 to 2020. Findings based on panel data and instrumental variable methods show that agricultural mechanization led to a significant decline in the local gross domestic product. In particular, agricultural mechanization changes the sector’s production and lowers its output value. Agricultural mechanization has reduced the need for labor to such an extent that young Chinese tend to seek jobs in the non-farming sector, leading to a fall in the local agricultural labor supply and household consumption, adversely affecting the development of local industries and service sectors. Mechanization has also led to cash crops being increasingly replaced by grain crops, reducing the total agricultural output. Finally, this paper presents some policy suggestions for agricultural production and rural development.

Analysis of the Role of Agribusiness in the Indonesian Economy

Agribusiness is an important support in national economic development. This research aims to determine the complete agribusiness system that is interrelated with economic activities. This research methodology is a literature review which is based on Indonesian government regulations. The results of this research show that agribusiness has a strategic role in the formation of GDP, employment, international trade, regional economic development, national food security, environmental preservation, and equal distribution of development results. In the development and implementation of agribusiness that is already underway, there are still many obstacles. To solve very complex economic problems, especially in the agricultural sector, Indonesia requires sharpening (focusing) economic development strategies which are expected to be able to provide solutions to existing problems. So synergy is needed in the agribusiness sector, namely between agriculture, plantations, animal husbandry, fisheries, and forestry with the development of upstream and downstream agricultural industries as well as the development of related service sectors therein.

THE EFFECT OF PROJECT MANAGER COMPETENCE ON THE ACHIEVEMENT OF CONSTRUCTION PROJECT PERFORMANCE

The development of the construction services sector in Indonesia continues to experience rapid growth, encouraging construction industry players to have quality human resources. This research aims to identify project manager competency factors on construction projects in Banda Aceh City, analyse the relationship between these and project performance achievements, and evaluate their influence on construction project performance achievements in Banda Aceh City. The object of this research is the competency factors of project managers that influence construction project performance. This research was conducted at contractor companies domiciled in the Banda Aceh City area. The data sources used in this research are primary data and secondary data. The population of contractors at small, medium and large qualification levels is 71 contractors. The total sample was 42 contractors. The sampling technique used was purposive sampling. The variables used in this research include the independent variable (X) and the dependent variable (Y). The data analysis used in this research is descriptive, simple correlation analysis and multiple linear regression analysis. The research results show that knowledge, skills, and attitudes have a solid relationship. In contrast, management has a high relationship with project performance achievement. Overall, the project manager's competency factor significantly affects project performance, reaching 94.9%. Management is the most dominant competency factor influencing the achievement of project performance in Banda Aceh City. Thus, increasing the competence of project managers, especially in management, is expected to improve the quality of construction project implementation in the region.

URGENSI RESESI EKONOMI DAN PENGARUHNYA TERHADAP STABILITAS SEKTOR JASA KEUANGAN

The aim of the research is to determine the development of the Indonesia financial services sector amidst the issue if the economic recession and to map strategies and policies that need to be improved through the implementation of structural reform policies in theIndonesian economy. The high dynamics of the global economy has resulted in adecline in intermediation performance in several national economics sectors. Meanwhile, the stability of the domestic financial services sector remains maintained with solid capital, a maintained risk profile and adequate liquidity. As a preventive measure in facing a recession to minimize the impact on society and encourage national economic performance through the implementation of structural reform policies in the Indonesian economy to maintain monetary stability and financial system stability as elements of continuity in supporting the planning and implementation of sustainable development programs through optimizing management owned natural resources, building reliability in the industrial sector, building resilience in the energy and food sectors, strengthening the economic financing structure,developing inclusive economic activities and strengthening development capital capabilities.

Low-carbon energy transition in oil-dependent African countries: implication on fiscal revenue

Purpose The purpose of this study is to empirically analyse the fiscal revenue implications for oil-dependent African countries in the face of low-carbon energy transition (LET). Design/methodology/approach The study combined the novel fully modified ordinary least squares, dynamic ordinary least squares and canonical cointegrating regressions estimators to analyse secondary data between 1990 and 2020 for the three major oil-dependent African Countries (Algeria, Angola and Nigeria). Findings The result shows that LET reduces oil revenue and non-revenue for specific countries (Algeria, Angola and Nigeria) and the panel, suggesting that low-carbon energy transiting is lowering the fiscal revenue of oil-dependent African nations. Research limitations/implications The seeming weakness of this study is its inability to broaden the scope to include all oil-producing African economies. However, since the study selected Africa’s top three oil-producing states, the sample can serve as a model for others with lesser crude oil outputs. Practical implications Oil-dependent African countries must urgently engage in sincere economic diversification in sectors like industry and manufacturing, the service sector and human capital development to promote economic transformation that will enhance fiscal revenue. Originality/value With the pace of energy transition towards low-carbon energy, it is not business as usual for oil-rich African countries (Algeria, Angola and Nigeria) due to fluctuating demand and price. As a result, it becomes worthy to examine how the transition is affecting oil-dependent economies in Africa. Also, this study’s method is unique as it has not been used in a similar study for Africa.

Expansion of Communication Contact Between the State, Business and Society in the Republic of Kazakhstan

Main problem: digital transformation of Kazakhstan’s society leads to emergence of new communication business models, including the so-called proactive data-based service, which implies expansion of communication contact between the state, business and society. Digital transformation of economic sectors and the service sector has objectively caused discussion of issues related to various aspects of its implementation. These include digitalization of society spheres within framework of public administration [1], problems of interaction between business and government [2], mechanisms of interaction between subjects in the private-public partnership model of government and business [3], description of communication models of business types, government and public sector [4], history of emergence of electronic trade, its forms and types of goods delivery to a consumer [5], organizational and managerial relations and processes arising in enterprises, working in field of online marketing and e-commerce [6]. In Kazakhstan, digitalization of spheres and the economy sectors is one of strategic priorities of its development. Use of information and communication technologies in the service sector creates additional impulses to its dynamics, therefore, has impact on improving population’s life quality. In this regard, it is necessary to identify trends and patterns of communication interaction between the state, business and society, to consider and clarify their content. The purpose: the research of state and trends in the development of Kazakhstan service sector under the influence of digital solutions and expansion of communicative contact between the state, business and society. Methods: the performed analysis in the research is based on the materials of the statistical reviews and their analysis using the methods of grouping, generalization, logical analysis, system description and interpretation. Results and their value: a range of the key problems of communication interaction between the state, business and society is investigated and determined. Recommendations are proposed to accelerate the development of e-commerce in Kazakhstan as a tool for communication interaction between business and society and improving population’s life quality.

Digitalisation as a Factor of Service Sector Development

The purpose of the study is to summarise and present the main advantages of digitalisation as a factor in the development of organisations, in particular in the service sector. Research methods. The study used such general scientific research methods as generalization and systematisation (to distinguish approaches to the definition of digitalisation from previous studies), observation, analysis and synthesis (to specify the benefits of digitalisation in the activities of organisations), which allowed the authors to analyse the concept of “digitalisation” in the context of its impact on the development of service sector enterprises. The scientific novelty of the study is to highlight and actualize the main advantages of the impact of digitalisation on the development of the service sector. Conclusions. The current challenges facing the development of the service sector require enterprises and organisations to act following current market conditions, such as globalization and digitalisation. That is why digital transformation or digitalisation is becoming a priority area of their development. It is found that, in general, digital transformation is understood as the process of integrating digital technologies into all areas of business, which is manifested in fundamental changes in how business operates and how it brings value to consumers. It is determined that digitalisation is inherent in virtually every sphere of human activity, especially in the service sector and the provision of various services, as the Internet plays an important role and has a significant impact on the daily activities of service users around the world. Digital transformation helps to increase the efficiency, effectiveness, sustainability and innovation of service offerings by developing and delivering new types of services, engaging customers in the processes of creating and delivering services and improving their quality, etc. The article also examines such motivational factors for the transformation of various business structures as changes in consumer behaviour and expectations, digital shifts in companies, and changes in the competitive environment. It is established that the most active digitalisation is taking place in the public services sector. An example of such a transformation is the introduction of the Diia portal, which allows most of the needs of citizens and businesses to be met with electronic services. Digital transformation processes are also observed in education, healthcare, real estate, construction, finance, etc. The article highlights the main advantages of digitalisation as a factor in the development of the service sector, including improving the efficiency of communications with consumers, modernising information and communication technologies, expanding competitive advantages, improving the quality of services, optimising production costs and implementing improved business processes, developing digital literacy, developing the production of digital products and services, creating a positive image of the organisation in the market, etc. Digital transformation is one of the biggest trends of the 21st century, affecting a significant number of organisations moving forward.

Factors determining renewable energy demand behavior: service sector development, private sector involvement, and human resource management perspective.

Energy is considered the engine of growth due to its indispensable role in fueling economic activities. However, energy is one of the primary contributors to environmental degradation. In addition, conventional energy sources are depleting quickly due to the over-consumption of these sources, raising the issue of energy security. The solution to these above-stated issues is increasing renewable energy consumption. There is evidence that service sector development, private sector development, and human resource management help improve energy efficiency; however, their role in increasing renewable energy demand is debatable. This analysis fills the vacuum by examining the effect of service sector development, private sector development, and human resource management on renewable energy demand across four major regions: Asia, America, Africa, and Europe, spanning from 1998 to 2021. The analysis depends on the CS-ARDL model that can estimate the short and long-run results by addressing the model's cross-sectional dependence. The model estimates confirm that service sector development, private sector, and financial development escalate the long-run renewable energy consumption in all regions except Africa. Human resource enhances renewable energy consumption globally, in Europe and America. Likewise, GDP and carbon emissions stimulate long-run renewable energy consumption in all regions; however, trade only encourages renewable energy consumption globally and in Europe. The service sector development, financial development, carbon emissions, and trade significantly encourage short-run renewable energy consumption in one or two regions. In contrast, the GDP positively and significantly connects to the short-run renewable energy consumption in almost all regions. Therefore, policymakers should focus on increasing the role of human resources, services, and private sector development in the economy.

Good for the environment? Foreign investment opening in service sector and firm's energy efficiency

Until now, studies on the environmental effect of foreign investment opening (FIO) in service sector are still blank. Actually, development of service sector is significant force for promoting economic modernization for the countries, thus development of service sector is extremely significant for developing countries. In this paper, we select China, the largest developing country, as representative country, in studying environmental effect of FIO in service sector. Our analyses construct theoretical model in studying impacts of FIO in service sector on enterprise's energy efficiency. Then, our analyses employ strictly exogenous policy change of China's foreign investment control clauses to measure FIO in service sector, and empirically identify the causal effects of FIO in service sector on firm's energy efficiency by using unique energy consumption data of Chinese enterprises from 2001 to 2012. Our results imply FIO in service sector could raise energy efficiency, suggesting that FIO in service sector has a positive effect on the environment. Further mechanism tests show that FIO in service sector could lead to improvement of energy efficiency by technology spillover effect and innovation effect. Our analyses give the first evidence on environmental impact of FIO in service sector, which reveals its significant role in promoting economic development of developing countries.

HOW THE EU ASSOCIATION AGREEMENT SHAPES UKRAINE'S FINANCIAL SERVICES MARKET REGULATION

This article delves into the impact of the European Union (EU) Association Agreement on Ukraine's financial services market regulation. The study examines how the harmonization of Ukrainian legislation with EU norms has shaped the financial services sector's development and integration into the European economic area. Research Objectives: The main objectives of this research are to analyze the extent to which Ukrainian legislation aligns with the acquis EU in the financial services domain and to identify the challenges and opportunities arising from this process. Additionally, the study aims to assess the implications of the EU Association Agreement on Ukraine's financial market stability, transparency, and regulatory oversight. Methodology: To achieve the research objectives, a comprehensive review of relevant literature, EU directives, and regulatory acts concerning financial services was conducted. The study also analyzed official documents related to Ukraine's adaptation to EU norms and the implementation of the Association Agreement. Furthermore, expert opinions and insights from prominent scholars in the field were considered to gain a deeper understanding of the subject. Findings: The analysis reveals that the EU Association Agreement has played a pivotal role in shaping Ukraine's financial services market regulation. The step-by-step adaptation of Ukrainian legislation to the acquis EU has fostered a more unified legal environment for market participants in both Ukraine and EU countries. Notably, the transfer of regulatory functions for the non-banking financial services market to the National Bank of Ukraine has enhanced overall financial stability and brought Ukraine's financial practices in line with international standards. However, certain limitations and restrictions in the cross-border provision of services persist, presenting challenges to fair competition and market access. Despite these hurdles, the successful implementation of the Comprehensive Program for the Development of the Financial Sector until 2020 has contributed to resolving economic issues and restoring macroeconomic stability in Ukraine. As Ukraine continues on its path towards deeper integration with the EU, ongoing efforts and reforms in the financial services market are essential to align with EU norms, foster cooperation, and attract more investments.

Exploring the Influence of the Financial Services Sector Evolution on Economic Finance in Mauritius

This paper investigates the evolution of the financial services sector in Mauritius and its impact on economic finance. The study provides a detailed analysis of the development of the financial services sector in Mauritius, which has emerged as a key player in the African region. The paper examines the key factors that have contributed to the growth of the sector, including government policies, regulatory reforms, and investments in infrastructure and technology. Furthermore, the paper assesses the impact of the growth of the financial services sector on the wider economy, including its contribution to GDP growth, employment, and income generation. The study also identifies some of the challenges facing the financial services sector in Mauritius, such as the need for greater financial inclusion, enhanced risk management, and increased transparency. Overall, the paper argues that the evolution of the financial services sector in Mauritius has had a significant positive impact on economic finance and has played a critical role in the country's economic development.

FORECAST INDICATORS OF INCREASE IN EMPLOYMENT OF THE POPULATION ON THE BASIS OF THE DEVELOPMENT OF THE SPHERE OF TOURISM SERVICES

In the conditions of a modern, innovative economy, the article widely highlights the role of tourism services in the national economy of Uzbekistan and its role in the labor market. In the conditions of Uzbekistan, the problems of ensuring employment of the population on the basis of the rapid development of the tourism services sector are deeply analyzed and their prospective indicators are determined on the basis of econometric analysis. At the end of the article, the necessary recommendations are given to increase the employment of the population, based on the rapid development of the tourism services sector in the future.

Going Away or Getting Green in BRICS: Investigating the EKC Hypothesis with Human Capital Index, Nuclear Energy, Urbanization, and Service Sectors on the Environment

Rising industrialization, urbanization, and the vast economic size of Brazil, Russia, India, China, and South Africa (BRICS) are generating CO2 emissions, and these countries are struggling to deal with environmental degradation. Before it is too late, the BRICS need to identify variables that reduce pollution to maintain long-term sustainable growth. The study tries to test EKC in the BRICS area and analyzes the dynamic linkages between nuclear energy, urbanization, the service sector, human capital consumption, and CO2 emissions. The newly developed Cross Section Autoregressive Distributed Lag (CS-ARDL) approach, which incorporates both slope heterogeneity (SH) and cross-sectional dependence (CSD), is used to examine annual time series data from 1972 to 2021. After confirming SH and CSD problems, the paper applied second-generation unit root and cointegration tests. The EKC represents an inverted U-shaped quadratic relationship identified between environmental pollution and GDP in the BRICS countries. In terms of environmental damage, however, GDP in quadratic form has a relatively small impact. As a result, it is vital to consider the effects of other variables. Urbanization is a major contributor to the contamination of the environment. On the other hand, nuclear power can minimize emissions in the long run. Research suggests that the service sector's development and human capital investments are essential to keep environmental degradation to a minimum in the BRICS. Overall, the study shows crucial findings for pollution control and achieving sustainable development goals. This study also demonstrates that simply increasing the nation's wealth is inadequate to satisfy environmental demands.