Fast Economic Growth Research Articles

Ciphering of greenhouse gases from constructed wetlands in Lucknow (U. P. India)

This study evaluates how greenhouse gases (GHGs) contribute to global warming, drawing attention to the substantial effect of human activity on GHG concentrations in the atmosphere. The lower atmosphere warms as a consequence of the absorption as well as the emission of thermal infrared radiation by greenhouse gases, which are both naturally occurring and created by human beings. Since the 1950s, it has been determined that carbon dioxide (CO2) contributes a vital part in tweaking the environmental conditions, with other gases which include methane (CH4), nitrous oxide (N2O), and CFCs also playing a significant role. India is the third-biggest producer of greenhouse gases (GHGs) due to its enormous population and fast economic growth. This study looks into the GHG emissions from manmade wetlands (CWs) and seasonal assessments conducted in Lucknow and the neighboring wetlands. The emissions of nitrous oxide and methane from CWs are computed using particular formulas and parameters. Utilizing particular formulas and parameters, the emissions of methane and nitrous oxide from CWs are computed. The results emphasize the significance of efficient management techniques such as hydrological control, organic matter control, intermittent drying, shading, adding biochar, and hybrid systems in reducing greenhouse gas emissions from wetlands. The mitigation of the ecological consequences of chemical warfare and the fight against global warming necessitates these protocols.

India’s emerging undersea cable landscape: Varied Indo-Pacific partnerships to boost geopolitical ambitions?

India is set to be a cradle for undersea cable networks thanks to its geographical location, fast-growing economy, its potential to play a bigger role in global manufacturing, and its young, technologically skilled workforce. But amongst the tech giants such as the US and its allies, does India have the capabilities and the political intent to thwart China’s technological, and military disruption attempts in the Indo-Pacific? This article argues for enhanced maritime cooperation between like-minded states to improve interoperability between states and create a viable maritime security architecture that includes subsea cable security. It suggests that India can tamp down China’s growing influence in the Indian Ocean Region (IOR) by asserting Indian digital ascendance and by making full use of its multi-aligned “pointed” diplomacy with like-minded partners. To substantiate this approach, this article first defines the contours of India’s “pointed” diplomatic strategy and then discusses why India is crucial for the growing undersea cable network security in the IOR. Outlining India’s nascent attempts to create a relevant domestic regulatory framework on undersea cables, it explores India’s pointed diplomacy via its engagements with select partnerships, such as with the Quadrilateral Security Dialogue (Quad) members and IOR littorals, among others.

RECONSTRUCTING INCOME STRATA IMPLICIT COALITIONS IN THE EU AND EFTA COUNTRIES

The article, which aims to conduct a multi-criteria cluster analysis to classify countries by income distribution, growth, and implicit income coalition composition, allowed us to reconstruct implicit income coalitions that have benefited relatively more from economic growth. It also provided methodological advances by calculating right-wing policy indices and a centrist policy index to assess the actual social and economic policy regimes in advanced European economies. The highest right-wing policy indices were recorded in Bulgaria, the Netherlands, Poland, and Romania. The most left-wing policies were in Hungary, Greece, and Lithuania. The most centrist policies were recorded in Belgium, Croatia, and Slovakia. The highest policy polarization in favor of the richest and the poorest strata was identified in Germany and Italy. The type of policy implemented was found to have no significant impact on overall economic growth. On average, the strata in the coalition had 8 percentage points higher income growth over the analyzed 4-year period (2015-2019). This difference was generally larger in fast-growing economies. But the high correlation between the growth of coalition members and outsiders showed that outsiders also benefited significantly from economic growth, albeit to a lesser extent. With the exception of four countries outside the eurozone (Switzerland, Sweden, Norway, and Poland), economic growth was quite inclusive for outsiders and the poorest. A cluster analysis using several criteria allowed us to classify countries by income distribution, growth, and the implicit composition of the income coalition.

The impact of green low-carbon development on public health: a quasi-natural experimental study of low-carbon pilot cities in China.

In recent years, climate change and environmental pollution have posed significant threats to public health. As environmental policies such as low-carbon city initiatives are progressively implemented, their role in enhancing public health has become a topic of growing interest. This study aimed to investigate the relationship between green low-carbon development and public health and to analyze the underlying mechanisms. We utilized data from 271 prefecture-level cities in China spanning from 2007 to 2020, focusing on green low-carbon development, climate change, environmental pollution, and public health. Employing the quasi-natural experimental framework of China's low-carbon city pilot projects, we constructed a multi-site difference-in-differences (DID) model for empirical analysis. Various robustness checks, including parallel trend tests, placebo tests, sample selection bias checks, and adjustments to the temporal and spatial scope of the samples, were conducted to ensure the reliability of the results. Additionally, we explored the positive effects of green low-carbon development on public health through dual mediation pathways involving climate change mitigation and pollution reduction. Finally, we examined the heterogeneity of the results across different city tiers, economic growth rates, levels of technological investment, and green finance development. The findings indicate that green low-carbon development significantly enhances public health, a conclusion supported by robustness tests. Mechanism analysis reveals that the benefits of green low-carbon development on public health are realized through mitigating climate change and reducing environmental pollution. Further analysis reveals that the positive impact on public health is more pronounced in first-and second-tier cities, as well as in cities with faster economic growth, greater technological investment, and more developed green finance sectors. This study highlights the crucial role of urban green low-carbon development in improving environmental quality and public health. In addition to providing empirical evidence that supports the promotion of green low-carbon development in cities, the results point to policy recommendations for enhancing public health. Moreover, the findings contribute to the development of environmental policies and the implementation of the "Healthy China" strategy.

Indian Economy from a Global Perspective

India, the world’s fifth-largest economy by nominal GDP, plays an increasingly important role in the global economic landscape. As one of the fastest-growing economies, India's contributions extend across industries such as information technology, pharmaceuticals, manufacturing, and services. This paper explores the Indian economy from a global perspective, examining its strengths, challenges, and the critical reforms needed to sustain growth. It delves into India’s trade relations, foreign direct investment (FDI), and the impact of global events on its economy, while also reflecting on how India contributes to the global economy in areas such as technology, innovation, and workforce participation

The Changing Dynamics of China's Threat Perception toward India: A Shift from Asymmetry to Symmetry?

executive summary: This article studies Chinese literature on China's threat perception of India and argues that the threat perception between the two rising powers is growing more symmetric in the current dynamics of international politics. main argument The India-China relationship has major implications for how world politics are shaped, yet how China perceives a sense of threat from India is an understudied phenomenon. Whereas most literature on this relationship has observed an asymmetric threat perception between the two states, with India identifying a greater threat from China than the other way around, the dynamics of international politics are causing China to become more cautious about its security and take notice of a greater threat coming from India. As a result, the level of threat perception is becoming more balanced. This shift in perception will have major implications for the overall dynamics of bilateral relations and make the relationship more confrontational and conflictual. policy implications • India's fast-growing economy, demographic dividend, geographic position, and growing strategic partnerships have made it a more confident and assertive foreign policy actor. Chinese scholars have taken note of these changes. • India's assertive border policy and partnership with the U.S. pose a growing challenge to China's power. This will make Beijing wary about actions that it previously overlooked due the asymmetry in the relationship. At the same time, because for India any Chinese action is presumed as threatening, China's growing wariness will further enhance India's threat perception. This emerging dynamic could instigate a spiral of competition. • Confrontation in Sino-Indian relations will further strengthen U.S.-Indian relations and move India closer to the U.S. camp. • With both India and China being rising powers, their relationship will have major geopolitical implications for how the Asian century will play out.

Ethiopia and BRICS: Prospects and Challenges

This study examines Ethiopia's relationship with the BRICS group (Brazil, Russia, India, China, and South Africa), exploring both the opportunities and challenges this affiliation presents. As emerging economies gain global influence, Ethiopia's inclusion in BRICS represents a significant chance to leverage economic, political, and technological strengths. The research highlights the potential benefits for Ethiopia, including enhanced trade, investment, and technology transfer, which could drive the country's economic growth and development. However, Ethiopia also faces substantial challenges, such as infrastructure deficiencies, skill gaps, and regulatory barriers that may hinder its ability to fully align with BRICS frameworks. The study underscores Ethiopia's strategic motivations for engaging with BRICS, including accessing new markets and fostering innovation. It also addresses the risks of economic dependency and the need for a balanced diplomatic strategy with traditional Western partners. Through a mixed-method approach, the research combines quantitative and qualitative analyses to provide a comprehensive understanding of Ethiopia's position within BRICS. The study emphasizes the geopolitical significance of BRICS in reshaping global power dynamics and Ethiopia's potential role in this transformation. The study offers strategic recommendations to enhance Ethiopia's engagement with BRICS, aimed at a mutually beneficial partnership aligned with Ethiopia's development goals and regional influence. This contribution is crucial for policymakers and researchers interested in South-South cooperation and its impact on Africa's fastest-growing economies.

An Empirical Analysis of Public Debt Sustainability in Kenya

The study provides a focused analysis of Kenya’s determinants of debt sustainability owing to its consistent budget deficits and higher debt servicing costs. Unlike broader studies, this research focuses on Kenya's unique economic conditions and talks about the consequences of unchecked debt servicing payment failures in Kenya that could undo macroeconomic progress if unchecked. The study deploys a single equitation regression analysis followed by a series of robustness checks and a generalized method of moments (GMM) technique to analyze the link for Kenya, 1990-2023. The regression results show that debt in Kenya is not sustainable, with factors such as an increase in debt stock, high-interest rate costs, increase in budget deficits, inflation rate increase and high depreciation of the local currencies ultimately wiping out the repayment potential of Kenya. However, the results show that increased export revenue earnings and faster economic growth can improve budget resources for debt servicing. Our findings suggest that policymakers in Kenya should focus on fiscal consolidation by reducing non-interest expenditures and enhancing revenue collections.

Postural analysis and ergonomic intervention of unorganized workers in indian construction sectors.

In India's fast-growing economy, the construction sector offers significant developments with huge employment opportunities but poses risks due to poor working environments and uncomfortable postures. Traditional methods, such as manual material handling, can lead to health hazards and musculoskeletal disorders such as overexertion, low back pain, etc. The purpose of this study was to analyze the working postures of unorganized employees engaged in residential buildings using Ergofellow software and to recommend changes in their unsafe working postures. Participants' working positions were video recorded and the postures were analyzed using Rapid Upper Limb Assessment (RULA), Rapid Entire Body Assessment (REBA) and Ovako Working Posture Analysis (OWAS). Paired sample t-tests were used to analyze significant differences between the RULA and REBA scores after the ergonomic interventions were implemented. From the analysis of RULA, REBA and OWAS, the working postures showed a high risk of potential injury and required an immediate change in employees' working postures. The RULA and REBA scores were subsequently lower after the ergonomic interventions, which were based on ergonomic and safety principles. The paired sample t-tests with p-values of less than 0.05 demonstrated decreased risks after ergonomic interventions. Working postures of the construction workers exposed to musculoskeletal disorders were examined and the ergonomic interventions were implemented. According to the recommendations, working positions were changed, and employee well-being was enhanced by reduced operational risks.

Impulse Response of External Debt Stock and Gross Capital Formation on Economic Growth in Bangladesh: Var Model, Granger Causality and Variance Decomposition Analysis

Purpose: This study employs an annual time series data set from 1987 to 2018 gathered from the World Development Indicators (WDI), 2021 to analyze the properties of external debt stock on financial progress(proxied by economic growth) in Bangladesh. Methodology: The objectives are determined using a variety of econometric techniques, including the Phillips-Perron (PP) unit root test, Var model, Johansen co integration test, Impulse Response Function (IRF), Variance decomposition function, and Granger causality test. The get the result of the Phillips-Perron (PP) unit root test which indicates the stationarity of all the variables at the initial difference. Findings: There is an expectant impact on financial progress (proxied by Gross Domestic Product Per capita) in Bangladesh, according to the short run Var model with the two independent variables External Debt Stock (proxied by public debt) and second lag of Gross Fixed Capital. Block Exogeneity/ Wald Tests and Johansen Co-integration test show that both lnEDS and lnGCF have a strong constructive impact on Bangladesh's financial progress in the short as well as long run. Pairwise, Granger Causality also indulgence the Bi-directional causality between lnGDPPC and lnEDS and Uni-directional causality from lnGCF to lnGDPPC. The influences of lnEDS and lnGCF on lnGDPPC are rising in the long term, showing that both variables are significantly exogenous on the dependent variable. Practical Implication: Bangladesh is now a fast-growing economy with several mega projects for infrastructural, human, and technological advancements such as roads, train, power, education, health, information technology, gas, and energy. External debt service and gross capital formation are crucial for Bangladeshi economic growth. The government should establish a priority aim for long-term economic growth by implementing suitable measures to control, maintain, regulate, and stabilize inflation at a reasonable level. Originality/Value: In a developing country, Savings within the country are insufficient to support investment for financial progress, according to the dual-gap theory and the Keynesian theory of public debt. As a result, bridging this gap for the required level of investment and achieving targeted economic growth will necessitate a bigger inflow of foreign aid or external borrowings. That’s why this study is very important. Limitations: Some limitations of this study include the absence of recent data with the factors. Also numerous factors can influence Bangladesh economic growth for instances, remittances, exchange rates and foreign direct investment all have a crucial impact on GDP growth.

Smart Car Parking System

In this fast-growing economy, the number of vehicle users is growing tremendously, wasting a significant amount of time and fuel while searching for an available parking space. This work highlights the optimum utilization of parking slots without the physical intervention of humans by making use of an IoT-integrated embedded system. This study aimed to create a mobile application for car parking that uses NodeMCU as the Microcontroller, which is further integrated with Radio-Frequency Identification (RFID) and the Internet of Things (IoT) to detect available parking slots, saving people’s time. When combined with an interactive mobile application, this technology provides an efficient solution by highlighting the availability and occupancy of parking spaces as green and red, respectively. It contributes to enhancing the quality of life of people living in congested metropolitan cities by digitizing the conventional parking system.

Corporations and corporatism: Swedish big business and the Harpsund conferences 1955–1962

ABSTRACT Between 1955 and 1962, the Swedish Social Democratic Prime Minister Tage Erlander invited big business leaders to his country estate Harpsund to discuss issues of common concern. Erlander called the conferences ‘consultative democracy’ and the meetings have come to symbolise compromise and cooperation between big business and organised labour during the zenith of Swedish corporatism. This article finds that participating in the talks was a political maximisation strategy for business. Corporatist institutions, such as the Harpsund conferences, were used to communicate business core issues to the government, while at the same time, businesses tried to return the centre-right parties back into power through financial support and public relations campaigns. The article further argues that the cordial relationship between business and labour at the Harpsund conferences fits Katzenstein’s theories on corporatism, including the factors of an export reliant economy, an ideology of social partnership between elites, centralised peak organisations and continuous political bargaining between interest groups, the state, and political parties. Also, the article maintains that the unique good relations were a consequence of a generation of leaders on both sides who gained influence in an era of fast economic growth and mounting international geopolitical tension.

The Role of CEO Financial Skills on Company Performance

Fast and dynamic economic growth requires companies to choose a chief executive officer (CEO) who has strong technical and managerial skills. One important ability for a company CEO to have is financial expertise. The CEO's financial capabilities can help the company manage resources more efficiently and effectively, especially during times of crisis. This research aims to determine the role of CEO financial expertise on company performance during the Covid 19 pandemic. This research is quantitative in nature using secondary data obtained from the company's annual report and financial statements. The sample for this research was 40 property and real estate companies listed on the Indonesia Stock Exchange in 2020-2022. The data analysis technique used is panel data regression analysis. The results obtained show that CEO financial expertise plays a negative and significant role in company performance. This finding explains that, during the financial crisis, the CEO's expertise was not able to improve company performance.

The Regime Durability of Communist Power in China

This essay examines the durability of the Chinese Communist Party (CCP) from an interdisciplinary perspective. By conducting investigations into the CCP’s evolution, this essay offers three crucial approaches to facilitate a comprehensive understanding of the durability of the Communist regime in China. It argues that the fast-growing economy since the Reform and Opening-up in 1978 has decisively improved the living standards of the Chinese people, forming the core of the CCP’s legitimacy. However, relying solely on the economic approach is not sufficient to fully assess the durability of the CCP. The second approach suggested by this paper involves a more democratized approach to speech control and loosened censorship, allowing a certain degree of plurality of opinions while still prohibiting subversive speeches. The third approach involves the sanctification of the CCP among the people, wherein the concept of “the CCP is always for the people” is constructed and imbued. These three mutually constitutive, conjunctive, and integrated approaches thereby reinforce the Party’s durability consistently.

Implementation of stroke care & road safety in India: Lessons from Australia.

India is home to one-fifth of the world's population and is currently the fastest-growing economy. As the health industry is growing, India needs to develop robust implementation of evidence-based health care addressing the major public health issues. Two of such issues India is grappling with are the establishment of stroke care and the reduction of road accidents. Australia has achieved notable success in implementing stroke care and reducing road accidents. In stroke, Australian initiatives include dedicated stroke units, the development of clinical guidelines, the implementation of acute interventions, the establishment of a national stroke foundation, and the stroke registry. As a result, the combined, primary, and secondary prevention measures, acute treatment, and rehabilitation have reduced the total disease burden of stroke from 2003 to 2023 by 53 per cent, from 7.4 to 3.5 Disability Adjusted Life Years (DALYS) per 1,000 population, which is a 56 per cent decline in fatal burden and 23 per cent decline in non-fatal burden. For road safety, Australia implemented evidence-based practices such as education, legislation including mandatory use of seat belts, and other road safety initiatives. Data show that seat belt use reached 98 per cent in Australia in 2023. Furthermore, about 20 per cent of drivers as well as passengers who were killed in crashes in 2024 did not wear seat belts. The reduction of speed limits in built-up areas, the adoption of monitoring technology, and the clever use of infrastructure are proving to be effective in reducing fatalities and serious injuries. Australia's implementation research can provide valuable insights into the efforts of mitigating the impact of stroke and enhancing road safety in India.

FDI IN INDIA: AN ANALYSIS OF LEGAL FRAMEWORKS AND INVESTOR PROTECTIONS

This paper provides a comprehensive analysis of Foreign Direct Investment (FDI) in India, focusing on the multifaceted legal frameworks and investor protection mechanisms that characterize the Indian investment landscape. As one of the world's fastest-growing economies, India presents significant opportunities for foreign investors seeking to tap into its vast market potential. However, the journey is not without challenges, including regulatory complexities, infrastructural inadequacies, and cultural differences that can impede investment processes. This study delves into various government initiatives aimed at fostering a conducive environment for FDI, including reforms that simplify regulations and promote transparency. Additionally, it examines the mechanisms in place to protect investors, such as the role of the Securities and Exchange Board of India (SEBI) and the establishment of grievance redressal systems. The findings underscore the importance of understanding both the opportunities and challenges inherent in the FDI landscape, offering valuable insights for potential investors and policymakers striving to enhance the investment climate in India.

Corruption and anti-corruption policies in current Vietnam

Corruption is a pervasive issue around the world with far-reaching consequences that can affect the economy, politics, and society as a whole. Like many developing countries, Vietnam has been experiencing corruption for years, and despite efforts to combat it, it remains a serious problem. Currently, Vietnam is a rapidly developing country with a fast-growing economy. Corruption threatens to derail this progress and undermine citizens’ trust in their government institutions. This research offers an analysis of corruption in Vietnam at present, including its causes, manifestations, and consequences. Additionally, we examine the various anticorruption measures Vietnam has implemented, including institutional and legal reforms and public awareness campaigns. Under the Communist Party's leadership, Vietnam has implemented various anticorruption policies. The Party has established the Central Steering Committee on Anti-corruption, which is responsible for overseeing the implementation of anti-corruption policies. The Party has also introduced new laws and regulations to combat corruption and increase transparency in government agencies and businesses. The Party has also encouraged whistleblowers to report corruption and has implemented measures to protect them from retaliation. We evaluate the effectiveness of these measures in reducing corruption and promoting good governance. In conclusion, corruption is a significant challenge in Vietnam, and the Communist Party's leadership has been central to the country's anticorruption efforts. The Party has implemented various policies and initiatives to combat corruption, but more needs to be done to address this issue effectively.

The Moderating Role of Capital Intensity in the Nexus of Formal Training and Labor Productivity: The Case of Vietnam's Enterprises

Recent statistics have shown that the quality of Vietnamese labor was below that of many countries and not improving for faster economic growth. The research question is whether formal training for the workforce can enhance their skills, leading to a higher output rate. This study explores the impact of formal training on labor productivity in Vietnam’s enterprises. The regression analysis results of a World Bank Enterprise Survey in 2023 show that for firms with a high level of capital intensity, investments in formal training have a positive effect on labor productivity. Formal training programs for production workers are not significant in the productivity model, but when firms purchase and use substantial physical capital, investments in human capital through training return positive sales per worker. The results suggest that investment in human capital should not be decoupled from investment in physical capital to gain productivity.

Co-P-B/Ti foil as an efficient catalyst for hydrogen production from the hydrolysis of NaBH4 solution

Sodium borohydride (NaBH4) can hydrolyze to generate hydrogen (H2) with the proper catalysts for the fast-growing hydrogen economy. Developing more highly active, cost-effective and stable catalysts is considered to be a promising strategy. Herein, Co-P-B thin film supported on titanium foil (Co-P-B/Ti foil) was fabricated via chemical deposition at room temperature and applied to catalyze H2 production from hydrolysis NaBH4 solution. The catalytic properties of Co-P-B/Ti foil for NaBH4 hydrolysis were studied by adjusting reducing agent concentration, response time, and depositional pH value. The optimized Co-P-B/Ti foil thin film catalyst showed an enhanced catalytic performance. The highest hydrogen generation rate was obtained to be 5529.7 mL·min-1·g-1, and the apparent activation energy was 48.4 kJ·mol-1, which was superior to most of reported catalysts. One reason might be due to the special morphology, increasing the surface area of the catalyst and providing more active sites on the catalyst surface. Another reason might be the mutual effect of the Co, P and B elements. Moreover, the optimized Co-P-B/Ti foil thin film catalyst displayed good recycling ability toward the hydrolysis of NaBH4 solution after 5 cycles.

Foreign investment in Swedish industry on the eve of World War One

ABSTRACT During the half-century before World War One (WWI), Sweden was one of the fastest-growing economies in the world, but also one of the most indebted. While the role of foreign capital for public investments during this period is emphasised in previous research, its importance for the funding of Swedish industry is commonly de-emphasised. The conventional view is that since public investments could be financed by foreign money, this relieved pressure from domestic financial markets and made it possible to fund Swedish industry through domestic savings. Using balance sheet data for a large sample of Swedish industrial joint-stock companies in 1908 we show that, while it is true that only a small percentage of Swedish industrial shares were owned from abroad, foreign investments were much more important for new and dynamic industries (e.g. pulp and paper, electromechanics, and chemicals). Companies with foreign-owned shares were also more profitable, and had a much lower risk of bankruptcy over the ensuing decades. In fact, out of the 230 companies with foreign-owned shares in 1908, 103 (45 percent) were still in business fifty years later. This suggests that foreign capital was considerably more important for Swedish industrial development than what is commonly argued.