Engine Of Growth Research Articles

Climate-resilient transportation policies for India: Strategies and challenges

The transportation sector in India, which is a vital engine for economic growth, is progressively facing challenges related to climate change. Increased temperature, extreme weather conditions, and rising seas threaten physical infrastructure, service delivery, and the economy. This research examines efforts towards improving the climate resilience of India’s transport sector through policy interventions. Strategies encompass broadening the focus to cover the integration of sustainability, innovative technology deployment, and adaptive infrastructure planning. Multi-sectoral measures are proposed to guarantee longevity, equity and environmental protection. National transport infrastructure will be secured, people will be enabled to move sustainably, and India will take its position in the world economy as a climate-resilient country. Long-term resource management and promoting inclusive governance are critical to agri-transportation systems that can withstand the changing climate.

How did South Korean multiplexes survive the pandemic?: A dynamic capabilities perspective

Purpose The film industry is going through a period of upheaval and crisis. This study aims to examine the movie theater industry’s survival strategies by analyzing South Korean multiplex management strategies during the pandemic from a dynamic capabilities perspective. Design/methodology/approach This study conducted a case study to analyze the management strategies of South Korean multiplexes using Teece's (2007) proposed components of sensing, seizing and transforming. Data was collected from business reports, websites, publications, news releases and interviews beginning in January 2020, when COVID-19 began to spread in South Korea, until June 2023. Findings South Korean multiplex theaters’ sensing capabilities have enabled companies to understand the changing demands of consumers and respond quickly. The seizing capability also enabled the development of distinctive business models, and the transforming capability contributed to equipping growth engines from a long-term perspective. Originality/value This study confirmed that the dynamic capabilities perspective and the three components conceptualized by Teece (2007) can explain the strategic choices of firms during acute crises such as pandemics. Additionally, these findings have practical implications for global film industry stakeholders.

Is Southeast Asia falling into a Latin American-style middle-income trap?

Output and productivity growth slowed in Southeast Asia after the 1997 financial crisis. Latin America experienced a more extreme slowdown following their radical 1980s (post-ISI) neoliberal reforms. This paper explores the causes of the “middle-income trap” and asks if Southeast Asia is following Latin America’s footsteps. In non-resource manufacturing the trap typically manifests when countries are priced out of labor-intensive activities but fail to penetrate more technically sophisticated markets. Natural resource exporters experience the trap when their “extractivist” strategies run out of steam and new engines of productivity growth, such as the processing of raw materials fail to materialize. Mainstream growth theory posits that middle-income countries can escape the trap by doubling down on orthodox policies such as more trade and financial liberalization, further deregulation, and investment in human capital. Yet evidence from countries that have evaded the trap does not support these claims; instead, they have formulated national strategies to promote investment in activities with greater long-term productivity growth potential, especially manufactured exports. The capacity to built flexible industrial strategies is also key. Resource-rich middle-income countries must reinvigorate and sustain their productivity growth by reengineering existing “extractivist” strategies to strengthen backward and forward linkages and leverage natural resource-based industrialization.

An Overview of Accounting Reforms in Indian Urban Local Bodies

The Urban Local Bodies (ULBs) are considered as ‘Growth Engines’ for the development of the Nation. Different models have been adopted by ULBs in the rollout of accounting reforms, including centralized, decentralized, and independent approaches. In the case of ULBs that are independently managing their own accounts without any centralized supervision or monitoring by the department of urban affairs, there can be a risk of losing continuity with the transfer of staff, change in supervisor, etc. As ULBs are independent in their mode of self-governance, the methods adopted by the ULBs are bound to vary. Further, in the absence of a central monitoring body to supervise the accounting reform activities of the ULBs, there is lack of uniformity in the accounting modules being used and also in the reports created. The ultimate result is the absence of an efficient and sustainable effort to improve the financial performance of the ULBs. This leads to the conclusion that there is an urgent need to bring about greater uniformity and standardization in municipal accounting reforms at nationwide.

Role of Startups in Economic Growth: Evaluating How New Business Ventures Contribute to Job Creation, Innovation, and Regional Development

Entrepreneurship has become an engine of economic growth, playing a significant role in job creation, innovation and regional development. Startups contribute to business dynamism and adaptability by introducing disruptive technologies, challenging traditional businesses and stimulating competition. Their ability to quickly measure and respond to changing business needs allows them to solve important social problems while creating new jobs. This article explores the various roles of new businesses in driving economic growth by focusing on three key contributions: job creation, technological development and economic transformation in the region. It also highlights the unique characteristics of new businesses compared to traditional businesses, such as risk recovery and dependence on the business ecosystem. Through empirical research and data analysis, we explore how start-ups can foster innovation through partnerships, attract investment in underdeveloped areas, and support greater economic development. Despite their significant contributions, start-ups face many challenges, including high failure rates, limited access to capital, and regulatory challenges that can impact their development. By addressing these challenges through strategic initiatives and supporting business ecosystems, governments and stakeholders can increase the impact of new business opportunities on local, national, and international economies. The review highlights the importance of new businesses to ensure strong, resilient, and sustainable business in a rapidly changing world.

Navigating Adversity: Revisiting Entrepreneurial Theories in the Context of the Occupied Palestinian Territories

This paper examines how political conflict shapes entrepreneurial activities, with a particular focus on Occupied Palestinian Territories. It focuses on the resilience and adaptability of entrepreneurs in conflict zones and the dual role of entrepreneurship in potentially exacerbating or alleviating conflicts. This paper adopts an integrative literature review with a structured approach. It combines elements of both systematic and integrative reviews to survey and synthesize the management and entrepreneurship literature to assess the impact of political conflict on entrepreneurial activity and vice versa, necessity versus opportunity entrepreneurship, and the role of entrepreneurship in peacebuilding. The findings reveal that while entrepreneurship can be a powerful engine for growth and innovation, its role in conflict settings is complex and requires careful consideration of the sociopolitical context. The paper concludes with policy recommendations for supporting entrepreneurship in conflict-affected regions and suggests directions for future research to inform practices and contribute to sustainable peace and economic development.

Death dealers: Dynamics of Israel’s permanent war economy

This study critically explores Israel’s permanent war economy, examining its core principles and strategic impacts. It analyzes how the war economy is integral to Israel’s settler-colonial structures and functions, fulfilling various ideological, geopolitical, and financial goals through a sustained conflict footing, rather than being a transient occurrence. To this end, the study identifies and analyzes four key dynamics underpinning Israel’s war economy: First, acute societal militarism serves as an economic growth engine, nurturing skilled military capital and advanced technologies that feed the war economy system. Second, the role of American patronage is examined as a key enabler of the Israeli war economy. In the absence of a traditional colonial metropole, the United States functions as an imperial sponsor, providing extensive military aid, technological transfers, financial assistance, and diplomatic backing–without which Israel’s military posture would be inconceivable. Third, the article investigates Israel’s exploitation of the occupied Palestinian territories as a laboratory for testing, optimizing and marketing military systems’ performance to international clients. Fourth, examines how Israel’s arms export multiplies revenues for the Israeli war economy while also providing diplomatic leverage to advance Israel’s geopolitical agendas and foreign policy objectives.

Research on the Coupling and Coordination Relationship between Digital Economy and Green Development in Guangdong Province

Green development enabled by the digital economy is an important engine for economic growth. The article empirically investigates the spatial and temporal evolution of the coupling and coordination between the digital economy and green development by constructing an index system of the digital economy and green development, and by selecting the panel data of 21 prefectural cities in Guangdong Province in the period of 2012-2022. The study finds that, in terms of external spatial distribution, there is a large gap between the level of digital economy and green development in each city, and the development is not balanced; the gap between the two major coupling levels in each city is more obvious, presenting an uneven pattern of “center-edge”. In terms of intra-city development, the level of coupling and coordination between the digital economy and green development of each city from 2012 to 2022 shows an upward trend, reaching the level of primary coordination to good coordination, but the overall level is still not high, and there is still a certain gap from realizing high-quality coordination. Accordingly, in order to promote the interconnection of digital economy and green development, the article puts forward a series of policy recommendations to promote the deep integration of industrial digitization and greening among cities, adhering to the innovation-driven, and facilitating the coordinated development based on the differentiated resources of cities.

How to transform census towns into economic growth engines: an Indian (Pune) perspective

How to transform census towns into economic growth engines: an Indian (Pune) perspective

Impact of Various Startup Policies on the Entrepreneurship Initiatives among the College Students in India

Entrepreneurship is considered to be the fuel for any Economy to survive and grow. Entrepreneurs respond to the changes in the market, exploit the opportunities available to them and find innovations as solutions to the problems in the society. It is considered necessary for the Economic Growth of a country, generation of income, rural development, industrialisation, export promotion and employment generation. The Government of India is very eager to create a favourable environment for Entrepreneurship to flourish. Hence, for this purpose, the Government has introduced a wide range of policies in the last few years to support Start-ups and Entrepreneurship for the citizens like Startup India, Make in India, Digital India, National Skill Development Mission, Atal Innovation Mission etc. It is found out that most of the developed countries in the world have given more importance to the Entrepreneurship as an engine for Economic Growth. The basic objective of this study is to find out the impact shown by the various Startup policies on the desire or urge of the college students to take Entrepreneurship as a career option instead of looking for safe and secure jobs.

In Situ Crystal Growth and Fusing-Confined Engineering of Quasi-Monocrystalline Perovskite Thick Junctions for X-ray Detection and Imaging.

Metal halide perovskites exhibit great promise for utilization in X-ray detection owing to their excellent optoelectronic properties and high X-ray attenuation capabilities. However, fabricating large-area thick films for high-performance perovskite X-ray detection remains challenging. This study develops an in situ crystal growth and fusing-confined approach to prepare high-quality, large-scale perovskite quasi-monocrystalline thick junctions. The perovskite crystals are grown in situ using a highly concentrated perovskite colloidal solution in 2-methoxyethanol. Introducing methylammonium chloride enhances grain reorganization during in situ growth and fusing-confined processes, effectively reducing grain boundaries and surface defects. This allows for the preparation of quasi-monocrystalline thick junctions of large grains (>100 μm) with high crystallinity, uniform orientation, and vertical penetration across the film thickness. Additionally, the carrier mobility and lifetime of the thick junctions are significantly enhanced. The optimized MAPbI3 detectors demonstrate an X-ray sensitivity of 2.6 × 104 μC Gyair-1 cm-2 and an exceptionally low detection limit of 1 nGyair s-1. Furthermore, inspired by a honeycomb structure, these detectors realize X-ray imaging in 64 × 64 pixels through a pixelated separation design, effectively reducing the charge-sharing effect. This study offers valuable insights into the preparation of large-scale perovskite quasi-monocrystalline thick junctions for highly sensitive X-ray detection and imaging applications.

Analysis Of Current Situation, Risk Causes and Countermeasures of Real Estate Finance--Taking Jiangsu Province as An Example

The real estate industry is not only an important engine of economic growth, but also a cornerstone of social stability and personal life. As a major economic province in China, Jiangsu Province is rich in natural resources and has a strong economic base. It is an important demonstration area for China's modernization and comprehensive development and plays an important role in promoting China's economic growth, scientific and technological innovation and social progress. In the economic structure of Jiangsu Province, the real estate market occupies a pivotal position, which not only contributes greatly to the local financial income, but also has a far-reaching impact on employment, consumption, investment and other aspects. The development of the real estate market in Jiangsu Province has an important impact on the national real estate market, thus this paper takes Jiangsu Province as the research object, discusses the credit risk of the real estate industry in Jiangsu Province from the perspectives of its status quo, risk causes, etc., and then puts forward policy recommendations to promote the sustainable development of the real estate market in Jiangsu Province.

China's Real Estate Market: Issues and Countermeasures

The real estate sector plays a vital role in China's economy and is a crucial engine of economic growth. The massive investment and construction activity has promoted the upgrading of infrastructure and the development of manufacturing, construction, and related services, thus strongly supporting the expansion of the overall economy. However, with the rapid growth of the real estate market, some problems that cannot be ignored have also been exposed, including rising housing prices, intensified real estate "speculation," and the environmental impact of real estate projects. These problems may threaten the financial system's stability and negatively impact social equity and the ecological environment. This article aims to delve into the main issues facing the real estate industry today, explore their causes, and propose practical countermeasures, aiming to promote the development of the real estate industry in a healthier and more sustainable model to promote long-term stable economic growth.

Long-run Relationship between Power Consumption and Manufacturing Sector Output in Nigeria

Power remains the engine of growth of every economy while the manufacturing sector remains the key driver of a transformed modern economy. Despite several power sector reforms, Nigeria’s manufacturing sector continued to underperform. This study focused on examining the long-run relationship between power consumption and manufacturing sector output in Nigeria. We estimated an ARDL model based on the bounds-testing approach to cointegration. Our results indicate that manufacturing sector output and electricity consumption are cointegrated and that short-run deviations from equilibrium are corrected up to 83 per cent annually. The result showed that power consumption is positively related to manufacturing sector output. This implies that improved power sector will stimulate manufacturing sector growth. Our result also showed that capital formation, labour force and private sector credit are positively related to the manufacturing sector while the monetary policy rate is negatively related to the manufacturing sector. Given our findings, we recommend that the government should implement a sustainable power sector reform that prioritizes the manufacturing sector. This will stimulate growth, reduce the cost of energy and indirectly reduce price of manufactured products. We equally recommend creating a conducive environment for investment in the manufacturing sector through favourable monetary policy rates to allow manufacturers access to credit.

Effect of Delay on Profitability of Building Construction Projects

In construction, delay could be defined as the time overrun either beyond completion date specified in a contract, or beyond the date that the parties agreed upon for delivery of a project. It is a project slipping over its planned schedule and is considered as common problem in construction projects. The Indian construction sector has acted as an engine of growth for the Indian economy for over the past five-decades and becoming a basic input for the socio-economic development of the country. Construction is the second largest economic activity after agriculture, and has contributed around 6 to 9% of India's GDP over the past five years while registering 8 to 10% growth per annum. This paper refers to study effect of delay in construction industry particularly in profitability or economic factors. Keywords: Construction, Delay, Profitability, GDP, Economic factor

INFLUENCE OF CEO PROFESSIONAL RICHNESS ON THE INNOVATION PERFORMANCE OF LISTED COMPANIES IN THE AI SECTOR

With the rapid development of artificial intelligence (AI) technology, enterprises in the AI sector are becoming an important engine of global economic growth. In this era full of challenges and opportunities, enterprises' innovation performance is critical because it directly determines their long-term competitiveness in the market. The CEO's professional background has a profound impact on the enterprise's strategy formulation, organizational management, and innovation ability as a key decision-maker and strategic leader. Especially in the technology-intensive AI field, the professional richness of the CEO may have a significant impact on the innovation performance of enterprises, which makes it important to theoretically and practically study the impact of the CEO's career background on the innovation performance of enterprises in the AI sector. The widespread application of AI technology has changed the business model and operation mode of many industries, driving enterprises to gain a competitive advantage in the market. Through continuous innovation, AI-sector enterprises improve the function and performance of products to meet the personalized needs of users, thereby increasing market competitiveness and profitability. However, the AI technology innovation process also faces challenges such as high costs, legal and regulatory restrictions, and ethics. In this context, the role of the CEO is particularly critical. How the diversity of his professional background affects the innovation ability of enterprises and their flexibility to respond to market changes still needs further in-depth research and theoretical discussion.

ANALYSIS OF THE IMPACT OF DIGITALIZATION ON THE DEVELOPMENT OF OPPORTUNITIES FOR SMALL AND MEDIUM-SIZED ENTERPRISES

The article analyzes how the use of information and communication technologies and digital marketing tools contribute to increasing competitiveness, optimizing business processes, expanding sales markets, and improving customer relations. This article offers a comprehensive examination of the intricate dynamics between innovation, entrepreneurship, and economic growth, drawing from an extensive review of empirical studies, theoretical frameworks, and policy implications. Through a meticulous analysis of the symbiotic relationship between innovation and entrepreneurship, it elucidates their multifaceted contributions to driving sustained economic prosperity. By delving into the nuanced mechanisms and contextual factors that shape this relationship, the article provides insights for policymakers, researchers, and practitioners seeking to foster innovation-led growth in today's complex global economy. In the context of contemporary economic development, innovation and entrepreneurship have emerged as central pillars driving productivity growth, technological progress, and market dynamism. This paper embarks on a journey to unravel the complex interplay between these two phenomena and how their synergistic relationship shapes the trajectory of economic growth. By examining the underlying mechanisms, empirical evidence, and policy implications, we aim to shed light on the transformative potential of innovation and entrepreneurship in fostering sustainable development and competitiveness. Innovation and entrepreneurship are essential engines of economic growth. Innovation is characterized by the creation and adoption of novel ideas, technologies, and business models, and is a catalyst for entrepreneurial activity by providing opportunities for market differentiation and value creation

Investigating Asymmetric Relationship between Financial Development and Global Competitiveness in Developed and Developing Countries

Globalization led to economic integration, which increased the competitiveness of economies through interconnection and interdependence. Financial Development (FD) is considered as an engine of Economic Growth (EG) that significantly contributes in economic productivity and raising prosperity in an economy. This study aims to analyze the relationship between FD and global competitiveness from a global perspective. For this purpose, panel data of 87 developed and 60 developing countries have been used for the period 2000- 2020. The Panel Quantile Regression (PQR) estimation technique has been used for the analysis. The results demonstrate that sustainable FD significantly increases the competitiveness of all countries. However, this impact is non-linear across different quantile groups which suggests evidence of an inverted U-shaped relationship. The linearized marginal effect indicates that all developed economies lie before the maturity of the inverted U-shaped curve. In contrast, except Bolivia, Cabo Verde, Egypt, India, Indonesia, Korea Rep of, Lebanon, Mongolia, Morocco, Nigeria, Pakistan, Philippines, Siri Lanka, Tunisia, and Vietnam, all remaining developing nations also lie before the maturity of an inverted U-shaped curve. This indicates that FD accelerates global competitiveness up to a certain optimal point, and excessive financialization may lead to the misallocation of resources and raising financial risk. The study suggests that developing countries need to implement policies to attain optimal level of sustainable FD, which boosts their competitiveness. The major contribution of the present study is to help the policy makers to formulate proper policies to increase global competitiveness.

Empowering Learners Through Entrepreneurial Skills in Senior Secondary Schools in Botswana

This study examined how teachers of business subjects empower learners for entrepreneurial mindset through integrated entrepreneurship education. This endeavor is a major engine for economic growth, job creation, upgrading of new technology increased productivity as well as changing various economic benchmarks which enable development within the economy. For this reason, learners need to be empowered through entrepreneurial skills. In this study, data were purposively collected through interviews and reviewing of documents. The study found out that business subject teachers cited self-employment as being one of the most important aspects for empowering their learners through entrepreneurial skills. Hence in their instruction, teachers familiarize learners with how a business is run, managed and marketed. However, the findings of the study indicate that, inadequate teaching skills of the subject matter and limited time allocated for business subjects seem to hinder teachers to further explore learner-centered methods like simulation, project based and case studies among others.

Book Review: 「하이테크 강국 이스라엘」

A new book, High-tech powerhouse Israel, explains how it led to growth in the future-oriented high-tech industry. Despite geopolitics, religion, and cultural differences, Israel and Korea have similarities. Due to scarce natural resources, limited space, and unfriendly security, economic growth was rapid. Israel established a hightech ecosystem by swiftly pioneering new disciplines and expanding capabilities, while Korea based its industrial base on manufacturing. “High-Tech Powerhouse Israel” examines Israel's history, culture, and innovative ecosystem elements, analyzes its driving force that has grown into a global leader in the high-tech industry in a barren environment, and examines ways Korea can develop an innovative ecosystem. Han Jung-hwa, the author of “High-Tech Powerhouse Israel,” is a longtime researcher of management strategies and start-ups. He benchmarked Israel's technology start-up incubator policy to design Korea's Tech-Inverator Program for Startup (TIPS), a leading public-private partnership start-up support program. This book is crucial since it examines Israel's science, technology, and industry and includes the newest innovation ecosystem data. By introducing the latest trends in eight innovative sectors, including cybersecurity, climate technology, mobility, and fintech, as well as the possibility and policy of cooperation with Korea, it serves as a key to finding new growth engines in the management and industrial sectors. As a policy sector, it serves as a white paper for the institutional foundation to enhance new industry competitiveness.