Encouraging Innovation Research Articles

Unveiling the Interplay of Institutional Quality, Foreign Direct Investment, Inflation and Domestic Investment on Economic Growth: Empirical Evidence for Latin America

Uplifting economic growth is crucial for the sustained development and prosperity of an economy. The main objective of this study is to investigate the impact of institutional quality, foreign direct investment (FDI), inflation, and domestic investment on the economic growth of Latin America from 1996 to 2021. The study utilizes a combination of panel unit root testing, cross-sectional dependency testing, panel cointegration testing, and the Panel Autoregressive Distributive Lag (PARDL) technique to shed light on the dynamics of the region's economic development. The panel cointegration techniques confirm the existence of a long-run relationship among the selected variables over the chosen time frame. The PARDL technique is employed to determine the short- and long-run impact of institutional quality, FDI, inflation, and local investment on the economic growth of Latin America. The results show that institutional quality, FDI, and local investment have a significant positive impact on the economic growth of Latin America, while inflation has a negative impact. These findings suggest that policymakers in Latin America should prioritize improving institutional quality, encouraging FDI, and promoting local investment while controlling inflation. A comprehensive economic strategy that considers both short- and long-term dynamics is necessary, highlighting the importance of an integrated approach that recognizes their interaction. The study recommends improving the quality of institutions, especially political stability, to attract FDI and encourage domestic investment by promoting a business-friendly environment, guaranteeing financial accessibility, encouraging innovations, promoting regional and global integration, controlling inflation, reducing income inequality, and raising the standard of living.

Revitalization of Tin Towards Control (Domination) of Tin as a Strategic Commodity

Tin, as one of the valuable metals in the modern industrial world, has played a crucial role in encouraging innovation and economic growth. Tin's extensive uses have made it an irreplaceable strategic commodity in maintaining a country's economic stability. This research will discuss how economic development can be done through the revitalization of tin to achieve control (domination) of tin as a strategic commodity. This research uses empirical research methods with a qualitative approach, sourced from primary and secondary data and data collection techniques using Library Research. This analysis will focus on opportunities and obstacles in tin revitalization

Sustainable city development from the perspective of corporate green innovation and governance

The global consensus on green and city sustainable development is reshaping corporate innovation concepts, strategies, and practice. In the context of Chinese "carbon peak" and "carbon neutrality", encouraging corporate green innovation has become the focus of academic and government attention. As the core element to achieve the goal of city sustainability, corporate green transformation brings technological innovation and the business model change, which impact on firm pollutant discharge, consumer behavior and stakeholder value. These synergies effect provides a green, healthy, and sustainable living environment for city development. Based on the perspective of Stakeholder Influence Theory, this study explores the positive effects of Shareholder Influence on corporate green innovation by empirically testing 17,923 observations of 3205 A-share listed companies in China from 2011 to 2020. The results shows that the decision-making efficiency with Shareholder Power Influence and information advantage with Shareholder Network Influence both promote corporate green innovation. Among them, the power and network of the Top Management Team (TMT) play a moderating role. This study emphasizes the driven force of corporate governance in the context of city sustainable development and puts forward the economic agenda and requirements to achieve cities' low-carbon transformation.

Engaging Communities In Renewable Energy Projects For Sustainable Development

The pressing need to battle climate change and make the shift to sustainable energy sources has led to the emergence of renewable energy projects as critical solutions. While reducing the negative environmental effects of conventional fossil fuels, these programs hold up the prospect of clean, plentiful energy. However, the effective adoption of renewable energy into our world's energy system involves more than simply technological improvements; it also calls for the support and active participation of local communities. This study examines the value of community involvement and evaluates measures to strengthen local community to support renewable energy projects. With an emphasis on social acceptance, customized project design, and economic potential, the significance of incorporating local communities in the planning, implementation, and management of renewable energy projects are examined. The examination of capacity-building projects also reveals information about education and training activities, community leadership growth, technological transfer, and knowledge exchange. The advantages of combining resources, encouraging innovation, and promoting supportive policies are highlighted in the collaborative partnerships between governments, NGOs, business organizations, and local communities. Renewable energy projects may genuinely become engines for sustainable development by embracing community involvement and capacity-building, meeting local needs and aspirations while paving the path for a greener and more resilient future

Peran Kepemimpinan Kharismatik Dan Transformasional Dalam Mendorong Inovasi Di Pondok Pesantren Jauharul Falah

This research aims to explore and understand the role of charismatic and transformational leadership in the context of thejauharul Falah Islamic Boarding School and how this role influences the innovation process at this institution. In an effort to face the challenges and rapid developments in the modern educational era, it is important to understand how leadership can be a driving force for innovation in traditional Islamic educational institutions.This research adopted a qualitative approach and carried out in-depth analysis through interviews and observations of leaders, teachers and administrative staff at the Islamic Boarding School of Pesantrenjauharul Falah. The research findings reveal that charismatic and transformational leadership plays a central role in shaping the culture of innovation at this institution. Charismatic leadership is able to motivate stakeholders, while transformational leadership inspires positive changes in education and institutional management. The results of field data analysis highlight charismatic and transformational leadership practices that support innovation. Leaders at the Islamic Boarding School Pesantrenjauharul Falah have the ability to create a shared vision and motivate individuals to actively participate in innovation efforts. Furthermore, this research illustrates how innovative changes in curriculum, teaching methods, and institutional management have supported the growth of this Islamic boarding school.Thus, this research provides an important contribution to the understanding of the relationship between charismatic and transformational leadership and innovation in Islamic educational institutions. The implications of this research can provide guidance for similar educational institutions to optimize the role of their leaders in encouraging innovation that is relevant to the demands of the times.

Powering a sustainable future: Does economic structure influence the ecological footprint?

AbstractTo achieve sustainable development goal (SDG) 7 the world needs a lot of catching up. India has been at the forefront of renewable and clean energy missions and its ecological footprint of 0.8 global hectares fares quite well vis‐à‐vis the world average. This study, spanning from 1990 to 2021, investigates the impact of structural changes, technological innovation, and renewable energy adoption on India's ecological footprint, utilizing a novel dynamic Autoregressive Distributed Lag (ARDL) simulation for both short and long‐term analysis. We find that agriculture exerts a significant increase in the ecological footprint, both in the long run and the short run. Similarly, industry value added has a positive and statistically related to the ecological footprint. However, the result of the service sector indicates negative influence on ecological footprint in the long run, but a positive and significant relation with ecological footprint in the short run. Technological innovation has shown a favorable effect on the environment by reducing ecological footprint. Renewable energy consumption has also enhanced environmental quality by reducing ecological footprint in both short run and long run. To reach SDG 7 goals and lower India's ecological footprint, policy implications include promoting renewable energy, sustainable practices in agriculture and industry, and encouraging technological innovation.

The Application of Theravāda Buddhist Meditation Practices and Techniques in Mindfulness-Based Interventions

The prominent meditation practices and techniques of Buddhism have been integrated into mindfulness-based psychological interventions to manage mental disorders and enhance mental well-being. However, limited research has been conducted to explore the specific application of Theravāda Buddhist meditation practices in the context of clinical psychology and psychotherapy. The current study appraises the synthesis of Buddhist meditation practices and their techniques, which combine Eastern knowledge with Western psychology. The research delves into Theravāda meditation, concentrating on Vipassanā, Mettā, and Ānāpānasati meditations, which teach mindfulness, self-awareness, and emotional control - all of which are necessary for mindfulness-based interventions (MBIs) integration. The research aims to understand the application of Theravāda meditations, examine their application in MBIs, and review empirical support to seek their prominent contribution in clinical settings. Cultural appropriation, misunderstanding, and dilution are among the integration issues. To ensure ethical treatment, therapists must study and practice Theravāda teachings and practices as well as Western psychology. The integration of Eastern and Western findings in MBIs improves efficacy by bringing together historical ideas and current research. Collaborative efforts and multidisciplinary studies are critical for the growth of holistic well-being. Incorporating Theravāda practices into MBIs exemplifies how old knowledge may supplement modern psychology. This interplay improves treatment procedures while encouraging innovation. More research is needed to better grasp tradition and innovation in psychological therapies.

Barriers to AI Integration in Banks in Bangladesh

This study examines the challenges of integrating artificial intelligence (AI) in Bangladesh's banking sector, with a focus on identifying the obstacles hindering AI adoption. Employing a mixed-methods approach, this research incorporates quantitative surveys and qualitative interviews with banking professionals. Key findings reveal significant barriers, including a lack of technical expertise, high implementation costs, regulatory challenges, and resistance to change among employees and management. Cultural factors and limited awareness of AI’s potential benefits exacerbate these challenges. Additionally, data privacy and security concerns contribute to reluctance in adopting AI technologies. The study concludes that addressing these barriers through strategies such as enhanced training programs, regulatory reforms, public-private partnerships, and comprehensive change management initiatives could significantly enhance AI integration in the banking sector of Bangladesh. These strategies would not only improve operational efficiency but also lead to better customer satisfaction and competitive advantage. By fostering a supportive regulatory environment and encouraging innovation, banks in Bangladesh can leverage AI to meet evolving market demands. Developing a robust infrastructure to support AI technologies and promoting a culture of unceasing learning and adaptation are essential steps towards successful AI integration. Future research should explore the long-term impact of AI integration on banking sector performance and customer experience, providing deeper insights into the evolving landscape of financial technology in developing economies. Understanding and mitigating these barriers is crucial for successful AI implementation, ensuring that Bangladesh's banking sector can fully realize the benefits of this transformative technology.

Dilemma and Countermeasures of Antitrust Regulation in the Field of Internet Platform Economy

Abstract This study addresses the issue of monopolies in the Internet platform economy by analyzing their causes and evaluating effective antitrust measures to maintain market fairness and encourage economic prosperity. Focusing on monopoly dynamics, including the network effect, capital influence, and market dominance, we apply evolutionary game theory and empirical analyses to devise a game theoretical model. This model helps simulate monopoly evolution and the potency of antitrust strategies. Our findings illustrate a direct correlation between monopoly growth and factors such as user base size, capital consolidation, and market control, with platforms frequently adopting monopolistic tactics for revenue maximization. Following antitrust regulatory actions, industry concentration shows a notable decrease, with metrics of total assets and net sales concentration dropping by 0.059 and 0.069, respectively. The study outlines critical regulatory strategies for enhancing market regulation, competition facilitation, and encouraging innovation. Effective antitrust enforcement is vital for optimizing market structures, spurring industry innovation, ensuring consumer welfare, and supporting the healthy progression of the Internet platform economy.

THE EFFECT OF EMPLOYEE TRAINING IN ACHIEVING COMPETITIVE ADVANTAGE IN TANZANIA’S HIGHER EDUCATION INSTITUTIONS

This study is about the effect of employee training on competitive advantage in HEIs in Tanzania. The study was conducted at University of Dar es Salaam. The study employed positivism research philosophy and a descriptive survey design. Stratified random sampling techniques was used in this study to select academic staff as respondents. Primary data were collected through the selfadministration of 299 questionnaires to academic staff. Data were analyzed using descriptive statistics, correlation and inferential statistics. The mean score of descriptive statistics was 4 indicating agree the statement employee training have effect on competitive advantage in terms of Teaching and Learning Environment, Academic Staff-Student Ratio, and Flexibility/Adaptation to Change. The result also show positive correlation between employee training and competitive advantages. The findings inferential statistics show the all five independent variables of employee training were positively influence competitive advantages. The study concludes ha employee training helps UDSM become more competitive on a national and international scale by encouraging innovation, developing a knowledgeable and talented workforce, and raising the standard of instruction and services. Therefore, the study recommends the need of providing of training to employees to enhance career development, acquisition of useful skills and being competent.

Analysis of the Formal Language in Contemporary Minority Nationality-Themed Fine Brushwork Figure Painting

Minority nationality-themed fine brushwork figure paintings, focusing on the portrayal of ethnic minority people, represent a unique genre dedicated to depicting the spirit of ethnic minority people. It occupies a distinctive niche within the broader continuum of Chinese art, carrying forward the creative passion and artistic pursuit of each generation of fine brushwork artists towards minority culture. With the progress and development of the times, classic works have always been the treasure of artistic creation in this genre. These thematic paintings manifest profound artistic expression and regional characters, especially exhibiting ethnic distinctiveness in their formal language. To be outstanding, creators must achieve a comprehensive understanding of the formal language of this genre, thus only by respecting the cultures of the minority areas and optimizing the creation can this type of painting innovate and develop, staying true to its roots while encouraging innovation.

论数字经济时代鼓励创新作为《反垄断法》立法目的

论数字经济时代鼓励创新作为《反垄断法》立法目的

El Salvador: uma análise da lei de integração monetária e da lei do bitcoin

ABSTRACT The objective of this article is to analyze the two most important monetary laws that have been implemented in El Salvador, namely the Monetary Integration Law (MIL) and the Bitcoin Law. The most important articles of both laws will be analyzed, as well as the consequences of dollarization, and the possible advantages and risks associated with the adoption of Bitcoin as legal tender. Although this measure may have some positive aspects by encouraging financial innovation and facilitating remittances, the macroeconomic risk is very high due to the volatility of this cryptocurrency. So far no positive results have been achieved as the acceptance has been very low and there has been a depreciation of the asset in recent months.

Performance Evaluation of Newly-Developed Tumor Markers Assay Kit Based on Flow Fluorescence Assay.

The purpose of this study is to evaluate the performance of recently developed tumor marker clinical kits in China, with the aim of encouraging local medical technology innovation and thus narrowing the research and development gap with foreign kits. The newly established reagent kits were analyzed on the TESMI F3999-Luminex200 flow lattice instrument to verify precision, sensitivity (blank limit), linearity, anti-interference ability, carry-over contamination rate, hook effect, and reference interval verification. Additionally, the newly established reagent kits were compared to other commercially available detection kits (reference reagent kits) to analyze the correlation between the two types of kits. The intra-assay and inter-assay precision had coefficients of variations (CVs) less than 3.50% and 6.91%, respectively. The tumor marker blank limits were lower than the manufacturer's statement. The newly established reagent kits demonstrated excellent linearity (r > 0.99). Rheumatoid factor, triglycerides, bilirubin, and hemoglobin did not have significant interference with the determination of tumor markers. The carry-over contamination rates were all much lower than 3%. At extremely high concentrations of AFP (277,335 ng/mL and 1,031,424 ng/mL), the measured tumor marker values were higher than the upper limit of the linear range and no hook effect occurred. The reference interval was suitable for use in clinical laboratory settings. Correlation analysis indicated a satisfactory relevance and consistency between the newly developed reagent kits and reference reagent kits, with correlation coefficients of r > 0.967 among 654 patients and healthy individuals. The newly developed reagent kits for tumor markers performed well in all evaluated parameters, having the potential for clinical promotion and application.

ДОСЛІДЖЕННЯ РОЛІ ЦИФРОВОЇ ЕКОНОМІКИ В ДОСЯГНЕННІ ЦІЛЕЙ СТАЛОГО РОЗВИТКУ ТА ЗБЕРЕЖЕННЯ ПРИРОДНИХ РЕСУРСІВ

The current stage of economic development is characterized by the integration of a wide range of digital technologies, services, goods and services into the economic system. One of the aspects of studying digitalization is the analysis of its impact on sustainable development. The article examines the relationship between the digital economy and sustainable development, as well as strategies and opportunities that can contribute to achieving the goals of sustainable development. The digital economy, thanks to its innovations and technologies, can make a significant contribution to sustainable development, but this requires the development and implementation of appropriate strategies: bridging the gap, Increasing efficiency, optimizing resource management, separating economic growth from environmental impact, expanding "green" opportunities practices, fighting illegal activities, Inclusive growth and increasing resilience, bridging the digital divide, empowering local communities, increasing resilience to climate change, encouraging sustainable innovation, promoting global cooperation. The impact of digital technologies on the economy and sustainable development is considered. The question of how to ensure a balance between economic development and preservation of the environment and social values in the conditions of digital transformation is being investigated. The growing relationship between digitalization and sustainable development processes has been revealed. The presence of environmental risks of digitalization is considered. An analysis of the impact of end-to-end digital technologies on the process of achieving 17 sustainable development goals, which are provided for by the Sustainable Development Agenda for the period up to 2030, adopted by the UN, has been carried out. It is substantiated that these goals provide the most comprehensive approach to assessing the achievement of sustainable development of the world economy. The classification of the impact of digitalization on the sustainable development of the economy is provided, which consists in the formalization of the possibilities and limitations of digitalization in the paradigm of achieving sustainable development. The Legatum Prosperity Index was studied in order to assess the dynamics of sustainable development and digitalization of Ukraine over the past 5 years (2019–2023).

Espírito crítico pós-modernista: sua influência cultural e seu impacto na música e nas escolas de pensamento

Abstract: Western postmodernism is a cultural trend of thought that emerged in the 1960s and 1970s. Its influence involves many fields, such as art, literature, philosophyand aesthetics, which indicates that a major change has taken place in the whole Western society, and also has a profound impact on contemporary culture and art. By analyzing the far-reaching influence of postmodernism on music and philosophy, this paper provided development strategies and suggestions for music and philosophy under the background of postmodernism. This paper studied the positive and negative effects of postmodernism on philosophy and music from two aspects: music and philosophy. The positive influence of postmodernism on philosophy and music is manifested in advocating equality, harmony between man and nature, innovation and critical spirit. Of course, the postmodernism trend of thought also has some negative effects, which should be viewed dialectically on its impact on music and philosophy. On the premise of encouraging innovation, respecting freedom and difference, self-confidence value should be established, so as to promote the further development of philosophy and music. Postmodernism is a cultural form in the later period of capitalism. In the field of music, it is necessary to not only adhere to the rebellion and openness brought by postmodernism, but also attach importance to the artistic value of music works to prevent the production and proliferation of vulgar music works. The influence of postmodernism on music and philosophy, studied in this paper, has important practical significance.

Paths to low-carbon development in China: The role of government environmental target constraints

Research background: To achieve the targets for carbon peak and air quality improvement, local governments should propose environmental targets and develop realization paths that are tailored to their unique local conditions. They then promote low-carbon development through the implementation of multiple measures. Purpose of the article: As the government performance appraisal system im-proves, the question arises as to whether governments take the initiative to com-bine environmental policies with government target constraints to reduce carbon emissions. Methods: The announcement of environmental target constraints by local governments in government work reports is considered a quasi-natural experiment. This study examines the effect of government environmental target constraints (GETC) on carbon emissions (CEs) using differences-in-differences (DID), propensity score matching-DID (PSM-DID), and spatial-DID (SDID) with data from 241 Chinese cities from 2003 to 2019. Findings & value added: The results demonstrate that GETC can effectively reduce local CEs, with the inhibitory effect being most effective in the first two years after setting environmental targets, but diminishing in the third year. GETC can reduce local CEs through three paths: reducing energy consumption, promoting industrial structure optimization, and encouraging green technology innovation. Spatial spillover effects show that GETC reduces local CEs while exacerbating CEs in neighboring cities, indicating a beggar-thy-neighbor effect in conventional environmental regulation policy. This effect is observed mainly in the geographic matrix and the economic-geographic matrix, but not in the economic matrix. According to heterogeneity analysis, GETC in the eastern and central cities can significantly reduce CEs. The inhibitory effect of GETC on local CEs is stronger in cities where secretaries and mayors have longer tenures and higher levels of education. The paper's theoretical value lies in exploring the reduction of CEs through the combination of government self-restraint and environmental policies, providing a new solution for local governments to achieve CEs reduction. Furthermore, it offers practical insights into the improvement of the Chinese government assessment system.

IMPACT OF FOREIGN DIRECT INVESTMENT ON NIGERIAN ECONOMIC GROWTH

This study examined the impact of FDI on Nigerian economic growth during the period 1999-2020, the research uses both primary and secondary sources of data. The primary data was gotten from the interviewees of Nigerian ministry of trade and finance while the secondary data was mainly sourced from the world bank indicator. The objectives of this work are to examine the influence of FDI on economic growth of Nigeria, to investigate the effect of governance on the economic growth of Nigeria and to understand the effect of domestic investment of Nigerian economic growth. The variables used are FDI, economic growth, governance and domestic investment. The findings of this research disclose that FDI positively affect Nigerian EG during the period of study especially from 2018 to 2020. It also revealed that, it is the kind of natural resources which the country has that attracted FDI into the country. As the findings suggest, it is necessary for Nigeria to entice FDI so as to boost its economic growth. The research suggest that there is need for government to enhance the FDIs environment so as to take the benefit of the latest international interest in the event of Nigeria by applying strong macroeconomic strategies, refining the investment climate, encouraging innovations, establishing a transparent legal system which will not favor local investor from international investor, improving good and quality infrastructure and lastly the government should implement strategies which would make FDI to become so attractive in investing into the country.

PRIORITIES AND MECHANISMS FOR ENHANCING UKRAINE'S INVESTMENT STRATEGY IN THE POST-WAR RECONSTRUCTION PERIOD

This article examines the current challenges and strategies for attracting foreign capital to Ukraine's post-war economic modernisation. Russia's full-scale invasion has had a significant impact on the Ukrainian economy, causing widespread damage to businesses and significant shifts in business activity and budget spending. In the face of these difficulties, a sound investment strategy is essential to support the country's future recovery and growth. Methodology. This study uses a mixed-methods approach, combining qualitative analysis and quantitative examination of economic and trade statistics, to evaluate strategies for attracting foreign investment and economic modernisation in post-war Ukraine. Traditionally dependent on foreign trade, including with its neighbours (such as Russia and Belarus), Ukraine's economy has undergone significant post-invasion changes, particularly in terms of trade dynamics and sectoral growth. The paper examines the context of Ukraine's trade agreements, its position in global markets and the impact of the war on its external economic relations. The analysis underlines the urgent need to reform and modernise key sectors such as agriculture and energy, and the crucial role of foreign investment in these areas. It underlines the importance of improving the investment climate, fostering competition, encouraging continuous innovation and improving the skills of the labour force in order to create a favourable environment for investment. The article also examines Ukraine's potential as a candidate for EU membership and how this status could enhance its investment attractiveness. It emphasises the need for Ukraine to align itself with European standards and to incorporate provisions relating to reconstruction and rehabilitation into its legal system. The results indicate that Ukraine's post-war economic recovery and modernisation depends heavily on targeted foreign investment and alignment with EU standards. The paper provides recommendations for a strategic investment policy, including the expansion of trade agreements, the development of quality infrastructure, the improvement of logistics with the EU, etc. Finally, the publication identifies priority sectors for investment that will lead to a transformative review of Ukrainian legislation and institutions, preparing the country for EU integration. This comprehensive approach and the coordinated support of the EU are crucial for Ukraine's recovery and long-term growth, underlining the important role of investment in achieving these goals. Practical implications. This study provides insights into Ukraine's post-war investment strategies and economic policies aimed at sustainable economic reconstruction and growth, improvement of the investment climate in Ukraine, and legislative reforms to ensure economic sustainability.

Merdeka Curriculum: Encouraging Creativity and Innovation of Islamic Religious Education Teachers in Madrasah

The Merdeka Curriculum is a new curriculum in Indonesia that gives teachers the freedom to develop learning materials and methods that suit students' needs. This research aims to examine the influence of the Merdeka Curriculum on the quality of Islamic Education (PAI) learning. This research uses qualitative methods to understand how the implementation of the Merdeka Curriculum encourages PAI teacher creativity and innovation in three different State Madrasah Aliyah (MAN) schools in the big cities of Medan, Padang and Bukittinggi. Data collection was carried out through in-depth interviews, classroom observations, and study of related documents. Merdeka Curriculum, data analysis was carried out using thematic, narrative and comparative analysis techniques. The research sample consisted of PAI teachers who had implemented the Merdeka Curriculum for more than one year and had sufficient teaching experience. The research results show that the Merdeka Curriculum has positive potential in improving the quality of PAI learning, including a more open and flexible learning approach, the relevance of learning to everyday life, as well as developing the character and ethics of students. However, the implementation of the Merdeka Curriculum in PAI learning also faces several challenges, such as teacher competency and readiness, support from each government and schools in each region, as well as the availability of resources. Comprehensive support from various parties, including government, schools and teachers, is needed to overcome these challenges.