High-growth Sectors Research Articles

Development of Antimicrobial Surfaces Using Diamond-like Carbon or Diamond-like Carbon-Based Coatings.

The medical device market is a high-growth sector expected to sustain an annual growth rate of over 5%, even in developed countries. Daily, numerous patients have medical devices implanted or inserted within their bodies. While medical devices have significantly improved patient outcomes, as foreign objects, their wider use can lead to an increase in device-related infections, thereby imposing a burden on healthcare systems. Multiple materials with significant societal impact have evolved over time: the 19th century was the age of iron, the 20th century was dominated by silicon, and the 21st century is often referred to as the era of carbon. In particular, the development of nanocarbon materials and their potential applications in medicine are being explored, although the scope of these applications remains limited. Technological innovations in carbon materials are remarkable, and their application in medicine is expected to advance greatly. For example, diamond-like carbon (DLC) has garnered considerable attention for the development of antimicrobial surfaces. Both DLC itself and its derivatives have been reported to exhibit anti-microbial properties. This review discusses the current state of DLC-based antimicrobial surface development.

Balancing the trade-off between data center development and its environmental impacts: A comparative analysis of Data Center Policymaking in Singapore, Netherlands, Ireland, Germany, USA, and the UK

Data centers' deployment rate has raised concerns about high natural resource consumption. The scholarship has examined the scale of negative environmental impacts but focused to a lesser degree on policy responses enacted to improve data center sustainability. We analyze these policy responses in terms of (i) the degree of policy change undertaken, (ii) the duration of policy changes, and (iii) the effects on data center deployment rates. This work investigates six data center hubs - Singapore, Netherlands(Amsterdam), Ireland, Germany(Frankfurt), USA(Virginia), and the UK(London) – identifying three policy responses: moratorium, adjustment, and continuation. All six locations changed their data center deployment strategies. In three cases, data center policy adjustments were preceded by significant short-term disruptions of digital infrastructure growth (e.g., halts to new permits), demonstrating the challenges in managing high-growth sectors under environmental and infrastructural constraints. Among the three cases, only two have introduced long-term measures, i.e., adjustments through stricter environmental standards, showing that moratoriums better work as a temporary measure to stabilize natural resource consumption while buying time for long-term adjustments. Conversely, in the two cases opting for a continuation of data center deployment (e.g., redirecting new permits to less resource-constrained areas), the strategy lowered implementation costs but has been subject to a lingering opposition process. Beyond response specificities, the six cases also present general policymaking patterns. First, stricter energy accuracy standards may facilitate planning sustainable data center growth. Second, policy responses may yield better results when paired with multi-regional infrastructural strategies matching IT infrastructure needs with available energy capacity.

Correlation between the ECB Pandemic Policy and the STOXX Europe 600 Sector Performance Sensitivity

In 2022 European equity markets lost some of their value, led by high-growth sectors, which generally have a significantly higher growth rate. The prevailing academic opinion is that the European Central Bank's monetary policy during the COVID-19 pandemic is a key reason and the financial and the technology sectors are defined to be particularly sensitive to interest rates. In this context, a performance sensitivity analysis for the STOXX Euro 600 sectors on European Central Bank interest rates from 2020 to 2022 will be investigated based on the assumption of a significant interest rate sensitivity. The objective is achieved with a Pearson correlation and linear regression. The results confirm a correlation for the selected sectors, indicating a potential general sensitivity for the entire investigation period. On this basis, further research on sectors and variables such as inflation and a comparison with Fed interest rates and the S&P 500 is recommended.

Correlation of European and U.S. Technology and Financial Stocks during COVID-19 Pandemic

In 2022 stock markets around the world lost some of their value, led by high-growth sectors, sectors that tend to show a significantly higher growth rate than the average market. At the same time the financial sector shows a potentially higher interest rate sensitivity. The prevailing academic opinion is that central bank monetary policy during the COVID-19 pandemic is one key factor for the stock market development globally. This paper discusses the assumption of a significant technology and financial sector correlation for Europe and the United States from 2020 to 2022 based on market capitalization. The objective is fulfilled with a Pearson correlation for representative parts of STOXX Europe 600 and S&P 500. The results confirm significant correlation for the selected sectors and stocks for both regions, indicating potentially general sensitivity for the entire investigation period. Based on this, further research on sectors and potential alternative independent variables is recommended.

Effect Of Monetary Policy Regimes On Output Growth In West Africa

This paper examines the effect of monetary policy regimes on output growth in West Africa. This was undertaken given that countries in the region require output growth, but are pursuing different monetary policy regimes and are yet to witness adequate output growth. So this set the objective of the study. The study made use of a longitudinal research design that obtained cross-section data from the secondary sources of the Central Banks of the selected countries, the World Bank Development Indicator, the International Monetary Fund as well as the International Financial Statistics database for the period from 2000 to 2021. The data analysis method involved using both descriptive and inferential statistics. The Panel Autoregressive Distributed Lag (ARDL) using a Pooled Mean Group (PMG) regression was used for the estimation. The results obtained indicate that the monetary policy rate was only effective in the short run to exert a significant effect on output growth, while the money supply was significant in both the short run and long run. So, the study makes the following recommendations; money supply is an effective tool for achieving output growth and this should be effectively managed to curb inflationary trends that may arise as a result of increased money supply in order not to reverse economic growth. Monetary authorities should promote activities in all sectors of the economy, particularly in the high-growth sectors. There should be cooperation between the monetary and fiscal authorities in West Africa to ensure smooth coordination and consistency in monetary and fiscal pursuits.

Development of a Communication System for Creative Industries in Jepara

In the era of the rapid development of information technology, knowledge and creativity play a key role in development. The creative industry, a very high-growth sector in Indonesia, has shown success in providing employment and economic growth. The innovation system, the heart of the creative industry, is increasingly complex because it implies a trend-shifting perspective from a supply economy to a consumer demand-driven economy. Communication systems play an important role in the social process of development. Communication not only conveys the idea of sustainable development but also creates opportunities where sustainability values can be realized. The communication system for the development of the creative industry in Jepara Regency, especially related to the woodcarving industry is currently in a crisis, very weak, and not adaptive to the environmental situation that surrounds it. The purpose of this study is to explore how strong and adaptive development communication responds to the complexity of the creative industry ecosystem in Jepara as a carving city, through the approach of Pentahelix stakeholder theory and Luhmann's social system theory. The method applied in this study is exploratory qualitative. It focuses on a theoretical approach that can explain the shifting economic perspective on the system of innovation, production and reproduction of knowledge through the Stakeholder Pentahelix model and the theory of communication systems. As a carving center in Indonesia, Jepara is an interesting case study to analyze from this theoretical approach. The results of this study have shown that Jepara's development communication system is not strong and adaptive in capturing what its people need. The development system in dealing with the complexity of the creative industry environment is still not optimal. The system is not effective in reducing and selecting feedback from the community. So, the production and reproduction of information do not solve the complexity of the environment. In addition, The convergence of theories shows the overlapping relationships between all Pentahelix Stakeholders, the interpenetration of systems, and the designation of prominent media, through science journalism, as an interpretive framework of the convergence of the theory described. For further research, it is hoped that we will further explore the complexity of the environment through the Participatory Action Research method so that the results are more representative of the construction of reality that exists in society.

A Study on Food Service Marketing with Reference to Moodabidri and Karkala

Food service industries are those business, institutions and companies responsible for any meal prepared outside the home. This industry includes restaurants, school and hospital cafeterias, catering operations and many other formats. The Indian food industry is under huge growth, increasing its contributions to world food trade every year. In India the food sector has emerged as a high growth and high profit sector due to its immense potential for value addition particularly with food industry. The marketing strategies of food service industry is their high quality food, quick delivery and good service. The online food ordering business in India is witnessing exponential growth and has a promising growth because of its good marketing strategies and management. The hotels and restaurants in rural areas have more demand because of supplies of fresh and affordable foods with quality. But access to food may be limited by financial constraints or other factors such as transportation challenges. Otherwise even rural food servicing retailers have their own strategies like taste, affordable price and they are able to manage some extent. Food service managers are responsible for daily operations of restaurants and other establishment that prepare and serve food. In recent days even catering food service business is also growing. It might be owned by single owner or in the form of partnership. Their marketing strategy is providing hot or cold food to client at a remote location. The main aim of our study is to know how food service industry maintain the quality of food with affordable price.

Digital marketing with ICT applications and neuromarketing in tourism

Tourism has been considered a high-growth sector in Colombia for about a decade, because it has the ability to involve a large sector of companies (MiPymes) that can be linked to the tourism chain, but it lacks digital marketing strategies that allow it to enter in today's market. Thus, the objective of this research is to develop tourism products with ICT applications (AR and VR) and neuromarketing concepts, to insert them into digital marketing strategies. The research methodology is exploratory and descriptive for the survey of the State of the Art, from which this document is derived. From this information, the applied part will be made for an undertaking. The results show the importance of involving technological innovation for tourism with clear neuromarketing strategies so that its insertion within digital marketing is successful for the development of tourism in a specific destination.

Does transitioning towards renewable energy accelerate economic growth? An analysis of sectoral growth for a dynamic panel of countries

This study examines the impact of non-renewable and renewable energy consumption on economic growth, differentiating between manufacturing and services growth. We derive our empirical model from an endogenous growth framework with expanding variety of intermediate capital goods embedding non-renewable and renewable energy inputs. Controlling for well-established growth determinants, we estimate the effects of non-renewable and renewable energy consumption, differentiated by type of use — industrial, residential, and total final energy consumption — on manufacturing and services growth. We find that renewable energy enhances growth in high-growth sectors, i.e. the services sector in high-income economies and the manufacturing sector in middle-income economies. In the case of high-income countries, renewable energy is a complement to non-renewables, whereas in the case of middle-income countries the two are substitutes. The growth effects are primarily due to industrial energy consumption. T Based on our findings, we propose that an effective renewable energy incentives policy for middle-income countries should be directed at manufacturing enterprises, and in high-income countries these incentives should be directed at the services sector.

Does Corporate Governance Mechanism Influence Financial Returns? Evidence from Indian Manufacturing Companies

The financial growth of a nation and its inherent organisations is being increasingly dependent on compliance with the corporate governance norms. It not only attracts investments into an organisation but contributes to its growth also. The manufacturing industry is one of the wheels of growth and is also emerging as one of the high growth sectors in India. The importance of corporate governance is rising with time and it is particularly significant for the manufacturing sector. In this article, an attempt has been made to assess the impact of corporate governance on the financial return (ROE and ROA) of manufacturing companies. The results of multiple regression showed that none of the corporate governance variables has a significant impact on both ROA and ROE.

Employee engagement in small and medium-sized enterprises in Thailand: the construction and validation of a scale to measure employees

PurposeEmployee engagement (EE) is an expression of a person's own preferred task behaviours that promote their relationship with work and personal physical, cognition and emotion and make them more active in terms of vigour, dedication and level of absorption with their work. To deal with EE in different environments and organisations, it is necessary to both understand and continually assess their employees. This paper presents an instrument which was developed to measure EE for small and medium-sized enterprises (SMEs) in Thailand.Design/methodology/approachThe study was conducted in three stages to develop an EE measurement scale. To begin with, 18 questions were developed for a questionnaire based on the concepts of EE and validated using exploratory factor analysis (EFA) which is split into the dimensions of vigour, dedication and absorption. A survey was then conducted with 270 employees in SMEs. Finally, confirmatory factor analysis (CFA), convergence and validity were tested along the three engagement dimensions.FindingsThis research extended and broadened the EE concept to provide theoretical support for engaging with intelligence research. Three dimensions were developed to measure EE, including aspects of vigour, dedication and absorption with their work.Research limitations/implicationsThe questionnaire used was produced primary data collection which was self-assessed, and data was collected only from the sample of employees working for SMEs in high-growth sectors of the Thai economy. The EE findings exhibited a good fit, but the results require further future refinement and validation using a larger sample size and sampling area.Practical implicationsThe EE questionnaire has practical uses for monitoring management behaviour and can assist practitioners to assess the level of EE. This knowledge will help to encourage and support practitioners to improve EE. This research also provides other measurements for assessing EE in organisations.Originality/valueThe EE questionnaire validity will facilitate future studies on the boundaries of EE measurements in the context of SMEs. The empirical research results verified that EE assessment offered new perspectives to explore vital individual EE which is necessary for SMEs. This instrument can also support and help researchers to effectively understand EE and explore its potential in future studies.

Leveraging the triple helix model to upgrade the medical and aromatic plants value chain

PurposeThe purpose of this research paper is to explore innovation activity between the three institutional spheres of government, universities and industry in the Palestinian MAPs sector, with the aim of supporting the growth of the sector through the THM.Design/methodology/approachThe research study employed a qualitative exploratory design. Twelve semi-structured interviews were conducted with participants from the three spheres of the THM related to the agricultural sector. Content analysis was conducted on the data obtained from the interviews, followed by comparative analysis.FindingsSome elements of the THM are present in the Palestinian MAPs sector, but others are missing, preventing its success. An effective policy is an important prerequisite for a THM to survive and thrive. There is a need to clarify the rules of engagement in terms of collaboration between the three institutional spheres. To promote innovation in the sector, there is a need to empower the farmers and cooperatives, improve farming system efficiency, upgrade distributors to logistic service providers, and build hybrid processing models.Practical implicationsThe role of government is to apply policy to facilitate relations and exchanges between the three spheres. Industry possesses the motivation to invest in high-growth potential sectors. Universities could take the opportunity to establish its presence and fine-tune its portfolio of tasks so that industry is aware of these tasks and sees value in them.Originality/valueThe paper discusses the university–industry–government relationships in the framework of a developing and unstable economy such as Palestine.

Farmers’ income in India: Trends and prospects for future growth

The Government of India aims to double agricultural income by 2022–23. This paper examines whether this target can be met—by analysing the trends in farmer income, sources, and factors of performance by farm class and state—and finds it unlikely. Income growth would be accelerated by improving resource use efficiency and access to agricultural extension, markets, and credit; and by diversifying towards high-value, high-growth sectors like animal husbandry and horticulture. To sustain income growth in the long term, greater resources must be allocated to agricultural research, and gainful employment opportunities must be created in the rural non-farm sector.

Does Change in the Employment Structure Cause Baumol’s Disease? Evidence from Shenzhen and Hong Kong, China

“Baumol’s disease” refers to the phenomenon whereby labour flows from a high growth sector to a low growth sector, which eventually leads to a decline in regional economic growth. In this paper, we constructed an alternative model for evaluating Baumol’s disease, and conducted an empirical analysis of the industry sectors in Shenzhen and Hong Kong, China. The results showed that 1) from 2005 to 2016, labour flowed from the high growth sectors to the low growth sectors in both Shenzhen and Hong Kong, and the labour costs increased in the inflow sectors. 2) Shenzhen showed symptoms of the first stage of Baumol’s disease; that is, a change in the total factor production (TFP) growth rate led to a change in the employment structure. 3) Hong Kong showed symptoms of the second and third stages of Baumol’s disease, which meant that the change in the employment structure increased the labour costs of the inflow sector, which slowed the rate of regional economic growth. 4) The changes in the employment structure in Hong Kong indicated that the region had been infected with Baumol’s disease, while Shenzhen was at risk of being infected. The research can provide a method to judge Baumol’s disease in the different regions and provide suggestions for formulating the relevant policies.

Human Resource Management: Service Sector vs Manufacturing Sector

India is on the threshold of major reforms and is poised to become the third largest economy of the world by 2030. India is a large country and has vast potential to become a strong and modern nation with its huge natural resources and sizeable population. Since independence, the nation is able to create facilities for manufacturing products and services. For the development of the nation several sectors need to be developed. For achieving the growth in services and manufacturing sector, one factor which can help a lot is Human Resource management and their continuous development. The service sector forms a backbone of social and economic development of a country. It has emerged as the largest and fastest-growing sectors in the world economy, making higher contributions to the global output and employment. Its growth rate has been higher than that of agriculture and manufacturing sectors. Where the manufacturing sector has emerged as one of the high growth sectors in India. A closer look at the trends in development in these sectors is managing people in ever changing manufacturing and services sectors. The success of an organization largely depends on its Human Resource. Human Resource Management plays a vital role in achieving the organizational objectives. Quality human resources have become an important base with which to respond to the emerging environment in services and manufacturing sector. The knowledge workforce in particular has a vital role to play in the emergence of this sector. The present paper is an humble attempt to look into the need and how the human resource is management in service and manufacturing sector.

Corporate recruitment practices and the hierarchy of graduate employability in India

ABSTRACT Policy and academic circles in India put forth the argument that the country’s demographic dividend puts it in an optimal position to win the race between education and technology across nations by expanding higher education opportunities. This article examines the recruitment practices of 13 leading corporations in high-growth sectors in India. Based on detailed qualitative interviews, it explains why these corporations are unlikely to increase the demand for graduates in ways imagined by policy-makers or proponents of skills-biased technological change. Companies in India are locked into an intense ‘war for talent’, but only for graduates in India’s top-tier universities. We argue that there is a close correspondence between India’s highly elitist university system and corporate talent management strategies, creating a narrow pool of highly mobile Indian corporate elite, but resulting in limited prospects for the wider Indian workforce. In this talent market, the success of the top corporate elite rests on keeping the elitist character of higher education, rather than widening labour market opportunities. This paper also seeks to explain why top corporations in India engage in this ‘war for talent’ when they are not always certain their investments pay off.

Employee work adjustment scale for small and medium-sized enterprises in Thailand

PurposeEmployee work adjustment (EWA) represents the ability of individuals to adjust effectively to working conditions, supervisors, the environment and their peers. To deal with work adjustment in different environments, companies need to both understand and continually assess their employees. The purpose of this paper is to develop an instrument to measure EWA for small- and medium-sized enterprises (SMEs) in Thailand.Design/methodology/approachThe study was conducted in three stages to develop a measurement scale for EWA. First, 18 questions were developed as a questionnaire based on concepts and theories of EWA and validated using exploratory factor analysis (EFA) into four dimensions such as work, supervisor, environment and peer adjustments. Then, a survey was conducted for 360 new employees in SMEs. Finally, confirmatory factor analysis (CFA) and convergent validity were tested along the four adjustment dimensions.FindingsThis research extended and broadened the EWA concept to provide theoretical support for the adjustment of intelligence research. Four dimensions were developed to measure EWA including aspects of work, supervisor, environment and peer.Research limitations/implicationsThe EWA model was examined using EFA and CFA only. Questionnaire results suggested that concrete constructs were stronger because of single-source, self-assessed data collection as the sample included only employees of SMEs in high-growth sectors of Thailand. EWA findings exhibited a good fit but results require further future refinement and validation using a larger sample size and sampling area.Practical implicationsThe EWA questionnaire has practical use regarding management behaviour and can assist companies and practitioners to better understand the required adjustments for new employees at start-up. This knowledge will help managers to encourage and support newcomers to work better and deliver effective results. Managers and practitioners can develop and hone work adjustment practices for new recruits according to the four dimensions proposed here.Originality/valueThe validity of this EWA questionnaire will facilitate the future study on boundaries with EWA measurements spanning SMEs contexts. Empirical research results verified that EWA assessment offered new perspectives to explore vital individual work adjustments that are necessary for new recruits to succeed. This instrumental support will help researchers to effectively understand EWA and explore its potential in future studies.

Financing Entrepreneurship through the Tax Code: Angel Investor Tax Credits

A central issue in public finance is the tradeoff between maintaining tax revenues and using the tax code to incentivize particular economic activities. One important dimension of this tradeoff is whether incentive policies are used in practice as policymakers intend. This paper examines one particular tax program that many U.S. states use to stimulate entrepreneurship. Specifically, angel tax credits subsidize wealthy individuals’ investments in startups. This paper finds that these programs have no measurable effect on local entrepreneurial activity or beneficiary company outcomes, despite increasing some measures of angel activity. This appears to reflect the programs failing to screen out financially unconstrained firms and often being used for tax arbitrage. Over 90 percent of beneficiary companies fall into at least one of three categories: a corporate insider received a tax credit; the company previously raised external equity; or the company is not in a high-growth sector. Notably, at least 33 percent of beneficiary companies include an investor receiving a tax credit who is an executive at the company.

EU services liberalization and TFP growth: Industry level evidence

We explore whether the announcement of the EU services directive affected total factor productivity growth of European services. Difference in differences estimates highlight a positive influence following the initial announcement. Medium and high growth sectors are those which mostly benefited.

A Comparative Analysis of Liquidity and Profitability Position of Astral Poly Technik Ltd. and Finolex Industries Ltd. in India

The policy of ‘Make in India’ being given the major thrust, the manufacturing has emerged as one of the high growth sectors in India. Of various products of industrial, agricultural and household needs, PVC pipes are of multifarious utility and hence needed in all segments for both water supply and in laying concealed wiring in buildings. Hence, there is a stiff competition among the firms producing PVC pipes in India. However, the success of a firm depends on its financial soundness, particularly the liquidity and profitability levels. Liquidity refers to the ability of a concern to meet its current obligations as and when these become due. The profitability acts as a yardstick to measure the operating efficiency of the enterprise. The present study analyses and compares the liquidity and profitability position of the two leading PVC manufacturing companies listed in both NSE and BSE, namely Astral Poly Technik Ltd and Finolex Industries Ltd. The financial data of the past ten years from 2007-08 to 2016-17 was used. Accounting ratios, Motaal’s comprehensive test of liquidity and Spearman’s rank correlation coefficient are the tools used for the analysis. The study indicates that there is a positive correlation between liquidity and profitability in case of Astral Poly Technik Ltd, while a negative correlation in case of Finolex Industries Ltd.