National Economic Prosperity Research Articles

ANALYSIS OF THE APPROACH OF THE THEORY OF RETRIEVAL INVESTMENT DECISIONS

The Islamic capital market is becoming a popular investment choice, contributing to a nation's economic prosperity. This study aims to analyze the impact of investment knowledge, motivation, and religiosity on investment decisions and risks. The research used a mixed method approach, gathering data from 100 respondents. The results indicated that investment motivation does not significantly influence investment decisions, but does affect investment risk. Investment knowledge, on the other hand, does not significantly impact both investment decisions and risks. Religiosity also does not have a significant effect on investment decisions and risks. Therefore, the hypothesis that investment motivation and religiosity influence investment decisions and risks was rejected. However, it was found that investment risk does affect investment decisions, supporting the hypothesis.

Perekonomian Indonesia Khususnya Pada Tingkat Makro

The Indonesian economy at the macro level is the main focus in in-depth economic analysis. In this abstract, we explore the dynamics of the Indonesian economy on a macro scale, considering aspects such as economic growth, inflation, employment, and international trade. We use the latest data to provide a comprehensive picture of Indonesia's economic conditions in a global and regional context. In addition, we analyze the economic policies adopted by governments to respond to various economic challenges. The aim of this abstract is to provide in-depth insight into the Indonesian economy at a macro level, as well as highlight key aspects that need to be considered in efforts to improve national economic prosperity.

Legal Politics Of The Asean-China Free Trade Agreement (Acfta) In The Principles Of National Economic Prosperity

This research wants to find that Article 84 of Law number 7 of 2014 solves AC-FTA trade agreement on the macro economy in terms of the principle of national economic welfare and state institutions ratifying the AC-FTA trade agreement from the perspective of the separation of powers theory in frame of the Indonesian constitutional system. The research method used in this research is a normative juridical research method through literature studies which examine primary, secondary and tertiary legal materials. The results of the research are that the attribution of the President's authority to ratify the AC-FTA trade agreement has consequences for the national economy at a macro level in terms of the principle of national economic prosperity

MSME PERFORMANCE IN THE DIGITAL ERA: THEORETICAL STUDY THE ROLE OF LITERACY AND SKILLS

This study uses a theoretical research approach to create proposition regarding the performance of Micro, Small, and Medium Enterprises (MSME) in the digital era. This study elaborates several findings from previous research as a reference. Resource Based View Theory and Human Capital Theory are used as supporting theory. To develop a research reference model that explains the relationship between literacy and abilities and MSMEs' performance in the digital era, qualitative research methods utilizing literature studies were conducted. This study also provides suggestions for developing variables and indicators in measuring performance and other variables that influence MSME performance. The result of the study provide recommendations that literacy and skills as references in the development of Micro, Small, and Medium Enterprises in the digital era have an important role in the performance of MSMEs to improve national economic prosperity.

AN EXTENSIVE ANALYSIS OF THE PRECURSORS AND CONSEQUENCES OF FINANCIAL LITERACY: A SYSTEMATIC REVIEW

The main objective of this research is to investigate the causes that lead to financial literacy and how they affect people's prosperity and the nation's economic prosperity. This study examines a substantial amount of literature using a diagnostic research technique in order to pinpoint the key factors influencing financial literacy. The complex concept of financial literacy is made up of three parts: financial knowledge, attitude, and behaviour. The findings indicate that, in addition to an individual's gender, age, and academic accomplishments, socioeconomic, family, and cultural factors also have a substantial impact on that person's level of financial competence. The aforementioned factors are crucial in molding a person's understanding of finance, which subsequently impacts their aptitude for handling money and their financial conduct. Ultimately, a strong foundation in financial literacy has led to the ability to provide stability in finances and promote general prosperity. To sum up, it is critical to address the antecedents of financial literacy. Further research opportunities may involve empirical studies to assess the antecedents in different regions and the development of a systematic model for understanding and enhancing financial literacy.

Expenditure on Human Capital and Economic Growth: Evidences form Nepal

Human capital expenditure is critical to utilizing and profiting from all of the country's resources. Economists have acknowledged that human capital improvement and usage are critical to a nation's economic prosperity. The research article investigates the relationship between human capital spending and Nepal's economic growth. The study analyzed data from 1985 to 2022 to investigate experimentally the relationship between Nepal's human capital spending and GDP. The study uses a variety of macroeconomic indicators, such as GDP as a measure of economic growth, capital expenditure on education, recurrent expenditure on education, health expenditure, higher education enrollment, and school enrollment. LNRGDP serves as both the explanatory variable and the dependent variable in the study's use of regression analysis. The Unit Root Test, OLS Estimation, Unit Root Residual and Error Correction Approach, and Econometric Analysis are all included. The results of the regression show that higher enrollment has a positive effect while capital expenditure on education has a negative impact on GDP. Spending on ongoing education, health, and school enrollment has no statistically significant effect on GDP. A long-term, positive correlation between the investment in human capital and economic growth is found by the cointegration test. According to the findings, funding higher education is essential for fostering Nepal's economy. In addition, the study highlights the significance of policymakers carefully considering resource allocation for education and human capital development in order to ensure the nation's sustainable growth

The impact of digital evolution and FinTech on banking performance: A cross-country analysis

Amidst the intricate web of economic dynamics, the significance of banking performance resonates deeply, serving as a linchpin for a nation's financial equilibrium and economic prosperity. The imperative of vigilantly tracking the trajectory of banks' performance emerges as this vigilance underpins the stabilization and fortification of credit institutions. In the contemporary milieu, a landscape characterized by rapid transformations and economic nuances, the digital sphere is propelling a substantial metamorphosis, thus catalyzing an imperative for the assimilation of financial technology (FinTech) within financial services, particularly within banking institutions. This empirical study embarks upon a discerning journey, harnessing a cross-country lens and a panel dataset encompassing five prominent nations spanning the years 2017 to 2019. The central inquiry pertains to the nuanced interplay between the digital milieu, FinTech deployment, and the fabric of banking performance. The empirical analysis reveals a noteworthy confluence: the utilization of digital platforms and FinTech solutions bears a detrimental association with the performance of banking entities categorized as high-performing. Moreover, this inquiry unveils a nexus between FinTech variables, including solidity, inflation informer, and total productivity factors, with an adverse impact on Banks' Performance. However, a silver lining emerges as the study highlights the augmentation of bank financial performance through the confluence of liquidity, Gross Domestic Product (GDP), and FinTech credit infusion. Emanating from these insights, the implications cascade expansively. For bank custodians and stakeholders, an enriched comprehension of the intricate interplay between FinTech and performance crystallizes, thereby fortifying the resilience of financial institutions against adversities through performance augmentation.

Auditing state-owned enterprise through predictive analytics and function transformation

PurposeOne of the best ways to assist China is through infrastructure investment. China might become more resilient to natural calamities by pouring more money into its transport network. Analyzing the relationship between China's degree of planned expansion and the country's current network of transport hubs can help with city development estimates. A wide range of factors were taken into consideration while evaluating China's dominance and the caliber of its transportation infrastructure. Using a geographical autocorrelation model and a coupling coordination model, the dynamic link between China's adaptability and the caliber of its transportation infrastructure is examined.Design/methodology/approachChina's northwest is underdeveloped in comparison to the southeast, which has a high level of resilience and development of its transportation infrastructure. The relationship between the levels of resilience upheld by China's transport infrastructure is suggested to be coordinated.FindingsThe authors find a positive geographical autocorrelation between the degree of coupling coordination and the degree of agglomeration, despite the fact that the distance between cities increases with time. They now believe that there is a connection between an area's population density and the degree of interspousal cooperation within. The consequence is an improvement in both national security and economic prosperity. The facilities for disaster management and transportation in China have received several proposals for improvement.Practical implicationsThe authors' Practical Implications suggests that scale inefficiency is a major contributor to the relatively poor efficiency of China's primary inland river ports. Different types of inland river ports may have vastly different water system efficiencies. Input and output congestion at China's important interior river ports has reached 51%, making it very clear that massive amounts of valuable port resources are being wasted.Originality/valueMany variables, such as climate and human error, affect the total amount of goods that can be moved via inner river ports. Ports situated either higher up or lower down the same canal may perform better or worse, respectively, depending on the circumstances.

Reimagining Our Public Health Systems: The Robert Wood Johnson Foundation's National Commission to Transform Public Health Data Systems.

Reimagining Our Public Health Systems: The Robert Wood Johnson Foundation's National Commission to Transform Public Health Data Systems.

STRATEGIC AEROSPACE APPROACH IN THE CONTEXT OF SECURITY AND SPACE INDUSTRY

The aerospace, defense, security and space industries are important strategic sectors for the EU, contributing to each country's national security and economic prosperity. These highly productive sectors provide thousands of jobs, delivering sustainable growth in every region and nation of the EU. Creating Romania's strengths in these sectors will help increase productivity across the country and ensure that Romania can become one of the best places in the world to innovate, do business and create jobs. This paper is the result of an analysis of the international literature and seeks to highlight the need to invest in space capabilities to meet national goals: military success and defense strategy, leadership and prestige, resource development and management, and economic growth and diversification. For this, the research method chosen for this study is a qualitative one that involved cross-sectional and longitudinal exploratory studies of the literature. The data collection and interpretation was done in the context in which most states are in the process of defining and / or consolidating aerospace strategies

Assessing Malaysia Marine Fisheries Sustainability Under Climate Change Pressure: A Quintuple Helix Approach

Marine fisheries are a major industry in Malaysia fisheries sector, which contributes significant growth in the economy and national food security. Unfortunately, this industry is vulnerable to the threats of climate change in relation to the marine environment such as the rising sea level, water acidity, and sea surface temperature. This study aims to assess the impact of climate change on the sustainability of marine fisheries in Malaysia. This study uses Quintuple Helix model approach which is the expansion of the established Triple Helix sustainability model that includes climate change as one of the important indicators. It involves a time-series analysis from 1989 to 2018 using Auto-Regressive Distribution Lag (ARDL). A long and short-run impact from rising in temperature and sea level on marine fisheries sustainability will help to impose a better adaptation and mitigation strategy for this industry. Consequently, the sustainability of marine fisheries will secure national economic prosperity and healthy protein supply.

On the Quest for Economic Prosperity: A Higher Education Strategic Perspective for the Mena Region

In a fast-changing technology-driven era, drafting an implementable strategic roadmap to achieve economic prosperity becomes a real challenge. Although the national and international strategic development plans may vary, they usually target the improvement of the quality of living standards through boosting the national GDP per capita and the creation of decent jobs. There is no doubt that human capacity building, through higher education, is vital to the availability of highly qualified workforce supporting the implementation of the aforementioned strategies. In other words, fulfillment of most strategic development plan goals becomes dependent on the drafting and implementation of successful higher education strategies. For MENA region countries, this is particularly crucial due to many specific challenges, some of which are different from those facing developed nations. More details on the MENA region higher education strategic planning challenges as well as the proposed higher education strategic requirements to support national economic prosperity and fulfill the 2030 UN SDGs are given in the paper.

A Study of Corruption in India

For a nation, economic growth is crucial since the amount of economic growth impacts people's standard of living and is regarded as a good proxy for human progress. Corruption is one of the ideologies recognized to have an impact on a nation's economic prosperity. Scholarly research on the subject of the various effects of corruption on economic performance is examined in this study. As a case study, we've used India as an example. We used a correlation study to support our claims that corruption has a detrimental impact on economic growth. Data on corruption perception (CPI), GDP, GDP growth rate, and FDI have all been used in our analysis. It is thus an attempt to investigate the empirical link between corruption and economic development.

“Green Banking Initiatives: A Core towards Sustainability”

The21st century has begun with massive advancement and modernization inall industries, as well as an urgent warning to humanity. The ongoing threat ofclimate change and global warming has shifted every industry's goal from'Profit Only' to 'Planet, People, Profit.' The banking sector, as a key playerin the nation's economic prosperity and development, and as a direct orindirect backbone to all industries, has recognized the realities of the modernera, as well as its critical role in environmental protection and long-termdevelopment. The Go Green motto has helped to popularize the concept of Green Bankingin the financial industry. Green Banking Channels were created as part of GreenBanking initiatives to make banking activities more inclusive andenvironmentally sustainable. Green Banking Channels alone will not result in apositive outcome; a shift in customer habits toward utilizing Green Banking Channelsrather than regular banking channels is required to safeguard the environmentand to reach sustainability. This study spotlight on Green Banking Channels,which are a component of Green Banking initiatives aimed at making banks' andcustomers' banking activities more environmentally friendly in order to backinglong-term sustainability.

Ensuring the Inclusion of People with Disabilities in STEM Education and Careers

Achieving full inclusion for people with disabilities in STEM is a matter of national security, economic prosperity, and equity. People with disabilities in STEM are underrepresented in postsecondary degrees and employment and they have higher unemployment rates and earn less. Inaction at the federal level has contributed to perpetuating these disparities. The federal government, especially through a signed law, could provide the funding and mandate to establish the institutional support, resources, and incentives needed so people with disabilities have equitable access to STEM and they can contribute to the scientific and technological innovation the U.S. needs to confront its great challenges. Congress has lately been working to bolster the country’s scientific and technological enterprise and to increase the diversity of our STEM workforce, through HR4521, the America COMPETES Act, and S1260, the U.S. Innovation and Competition Act. Some of these proposals are promising but fail to include provisions specific to people with disabilities. As Congress considers a HR4521/S1260 compromise bill, it has the opportunity to include programs that ensure the inclusion and promote the success of people with disabilities in STEM.

A preliminary estimate of the economic value of Iceland's terrestrial ecosystem services and opportunities for future research

Iceland is an understudied nation with respect to the quality, quantity and value of its ecosystem services, despite the growth of nature-based tourism and an economy reliant on abundant natural resources, especially fish stocks and renewable energy. This research reports on the preliminary outcome of an investigation to estimate the economic value of Iceland's ecosystem services (ES). The benefit transfer method is applied using the latest aggregate unit values from the Ecosystem Services Valuation Database, scaled to CORINE land cover types for Iceland. An estimate of 3,209,476 million ISK/year (approximately US $26.1 billion/year) is determined in 2019 prices, which is 1.08 times the size of Icelandic Gross Domestic Product and could be a low estimate due to the omission of cultural ES. Rather than being the final word on the value of Iceland's ecosystem services, this assessment should be viewed as an order of magnitude estimate, a useful starting point for considering the biomes and related ES of likely high economic value in Iceland, which in turn provides a basis for considering potential ES management issues of importance. The study discusses how economic valuation of Iceland's ecosystem services could provide useful information to decision-makers in a range of hotly discussed areas, including the determination of conservation policy, strategic energy management and sustainable land management. The results of this study also imply that there would be merit in conducting a national ES assessment for Iceland, which would integrate extensive stakeholder, biophysical and economic analyses to provide a comprehensive evidence base concerning the benefits supplied to society and how ES underpin the nation's economic prosperity.

Sabotaging metal additive manufacturing: Powder delivery system manipulation and material-dependent effects

Additive Manufacturing (AM) is a direct digital manufacturing technology increasingly used to manufacture functional parts for military and civilian applications. As AM becomes more integral to national security and economic prosperity, it also becomes an attractive cyber-physical attack target. In this paper, we focus on attacks aiming to sabotage metal parts produced using Powder Bed Fusion (PBF), a metal AM process used to manufacture near net shaped parts for safety critical systems. Specifically, we focus on the Powder Delivery System (PDS), an integral PBF subsystem. In our examination, we adopt the attacker’s perspective, identify possible manipulations which can be used individually or in combination to degrade part mechanical properties. We experimentally evaluate the impact of a selected manipulation on part fatigue life. Destructive testing on two different types of stainless steel specimens, 17–4PH and 316 L, confirmed effectiveness of this attack and revealed material-dependent impacts while non-destructive testing illustrated the difficulty in attack detection. Based on our analysis and experimental evaluation, we conclude that the investigated attacks have the potential to be effective against complex geometry parts such as those used in military and civilian systems while remaining undetected.

The Use of Virtual Reality for Training in Securing the Functioning of Critical Infrastructure

Our national security, economic prosperity and national welfare depend on a set of highly interdependent elements of critical infrastructure. Examples of critical infrastructure facilities include the national electricity grid, oil and gas systems, telecommunication and information networks, transportation networks, water systems and banking and financial systems. Given their importance, it is crucial to maintain the reliability of critical infrastructure facilities, especially power plants, both in times of peace and also in times of crisis or under conditions of attack. For this purpose, on the one hand, it is possible to improve and create new technical solutions supporting the restoration of the proper functioning of critical infrastructure facilities, such as remotely controlled mobile robots for example. On the other hand, it is important to prepare employees to operate in unusual conditions by organising appropriate training. In both cases, it can be useful to apply virtual reality techniques.

China’s Maritime Silk Road Initiative: A quest for sea power

Much has been written about China’s deep ambitions as the country moves towards great power status. The Maritime Silk Road Initiative (MSRI) is just one example of how China is flexing its muscles, and if history is to be believed, there is a strong correlation between maritime success and national economic prosperity. The study, on which this article reports, examined China’s MSRI through the lens of sea power theory. It was argued that the New Silk Road, which will most likely be backed by a modern blue-water navy, could represent a new era of maritime supremacy. However, to see the MSRI as a pursuit of sea power requires an understanding of how maritime logistics functions as power. The seamless movement of goods across the ocean is at the heart of the MSRI. Therefore, the research question that was pursued related to how maritime logistics functions as a tool for power projection. Although sea power theory recognises merchant shipping as a core element of sea power, it was further argued that scholarly work in critical logistics and mobility studies could enhance our understanding of logistical power. The study therefore aimed to conceptualise the MSRI through the lens of sea power by highlighting maritime logistics as a strategic conduit for power projection.

Japan’s strategy amid US–China confrontation

Japan’s strategy amid US–China confrontation has focused on securing national defense and economic prosperity by maintaining Japan’s alliance with the United States and promoting Asia’s socioeconomic integration. Japan is working toward an institutional order based on universal values. It realizes that such a long-term goal requires coexistence, including with countries in the midst of integrating into the political and economic world order, and prioritizes stability. This approach explains the historical development of Japan–China relations since the 1970s. During this period, Japan has expected to maneuver China into integration with global politics through economic statecraft while maintaining its alliance with the US. During the current US–China confrontation, Japan faces the challenge of maintaining this complex strategic position in the US–China–Japan triangle. Its reaction to this new reality is to enhance its alliance with the US (including cooperation for economic security) and strengthen international partnership to promote its preferred mode of institutional order, while maintaining diplomacy with China.