Non-oil Industries Research Articles

A hybrid approach to determine the network structure of strategic criteria in carpet industries

Carpet industry is one of the non-oil industries in Iran. So, development of carpet industry through strategic planning may help decision makers in this area. The most important issue in strategic planning is identifying the affecting criteria in the field. A hybrid approach on the basis of DEMATEL and ANP is proposed for ranking of most effective strategic criteria in carpet industry. In the first phase, the most important strategic criteria in carpet industry are selected. Then, the reliability of selected criteria is measured through Cronbach's alpha. In the second phase, the interactive network of selected criteria is quantified using DEMATEL approach and the cause and effect criteria are classified. In the third phase, ANP approach is used to fully rank the criteria and the weights of the criteria are determined. This paper is a case study for ranking and identifying the relationships among key factors of organisational strategy in the carpet industry. The whole approach is applied in the carpet industry in Iran. The final results of the research can help the managers to recognise the complicated interactive network of the cause and effects indicators in development of carpet industry strategies, and to achieve the relative importance of the indicators.

A hybrid approach to determine the network structure of strategic criteria in carpet industries

Carpet industry is one of the non-oil industries in Iran. So, development of carpet industry through strategic planning may help decision makers in this area. The most important issue in strategic planning is identifying the affecting criteria in the field. A hybrid approach on the basis of DEMATEL and ANP is proposed for ranking of most effective strategic criteria in carpet industry. In the first phase, the most important strategic criteria in carpet industry are selected. Then, the reliability of selected criteria is measured through Cronbach's alpha. In the second phase, the interactive network of selected criteria is quantified using DEMATEL approach and the cause and effect criteria are classified. In the third phase, ANP approach is used to fully rank the criteria and the weights of the criteria are determined. This paper is a case study for ranking and identifying the relationships among key factors of organisational strategy in the carpet industry. The whole approach is applied in the carpet industry in Iran. The final results of the research can help the managers to recognise the complicated interactive network of the cause and effects indicators in development of carpet industry strategies, and to achieve the relative importance of the indicators.

ANALISIS PENAWARAN EKSPOR TEKSTIL DAN PRODUK TEKSTIL INDONESIA KE ASEAN (Studi Kasus Negara Malaysia, Thailand, Vietnam, Philipina dan Kamboja)

International trade plays an important role in economic growth after consumption, investment and government spending. the industrial sector is encouraged to increase international trade, especially non-oil exports. Textiles and textile products (TPT) is one of the most important parts of Indonesian non-oil industry, this is because the textile industry contributes substantially to GDP. This study aimed to analyze the effect of the exchange rate, international prices of textile and textile domestic price index to the volume of Indonesian textile export supply in some ASEAN countries (Malaysia, Thailand, Vietnam, the Philippines and Cambodia).The data used in this research are secondary data in the period January 2011 to December 2014, and the industry codes are used Harmonized System (HS) 50 to 63. The analytical method used is the Fixed Effects Model (FEM) using Least Square Dummy Variable (LSDV).The results showed that the exchange rate, domestic production index are positive and have significant impact on the volume of Indonesian textile exports to ASEAN countries (Malaysia, Thailand, Vietnam, the Philippines and Cambodia). While international prices have positive effect and it not significant.

Adoption of agricultural innovations in Azerbaijan: no prospects for modernization

ABSTRACTAdoption of best agri-practices and innovations are vital for commercialization and modernization of agriculture. Favourable geographic position and climatic resources of Azerbaijan make agriculture one of the most promising launchpads for the rapid development of non-oil industry in the country. However, despite efforts of international donors, the rate of innovation adoption among local farmers is still low. The article analyzes major factors shaping Azerbaijani farmers’ adoption of best agri-methods. It reveals that technological parameters of innovation, while important, are mediated by both personal and structural factors. Therefore, selective improvement of one factor might not yield sustainable results. While both the government and the majority of farmers take conservative position toward innovations, agriculture, despite its potential, has low probability of becoming a strong pillar of Azerbaijani non-oil economy. Specific configuration of incentive structure and social classes means that agriculture in Azerbaijan is unlikely to experience capitalist modernization in the foreseeable future.

Perancangan Sistem Otomasi Untuk Kartu Tekstil Jacquard Pada Mesin Punching Untuk Di PT Buana Intan Gemilang

Indonesia’s textile industry has been successfully being the fifth ranked textile product exporter country by contributed Gross Domestic Bruto (GDP) which is 9% in non-oil industry. As the rapid development of technology, its encouraging textile industry to be able to implement it into the production process, its automation system regarding can improve the productivity. PT. Buana Intan Gemilang is one of textile industry which manufactures greige, sajadah, and curtains fabric within various pattern. Increasing demand regarding pattern therefore company should intensify productivity of machine, operator, and system in order to produce pattern card called jacquard card in thousand amounts. The Problem statement which showed is the manufacturing process is still manual rely on recur the operator’s activities, inconsistent cycle time that occurs on incapacity production target. Automation system design on punching machine using a Programmable Logic Controller (PLC) as the primary controller with using User Requirement Spesification (URS) for providing the solution in designing automated system implemented to solve the problem. According to conducted research it can be conclude that, automation system design for jacquard on punching machine at PT.Buana Intan Gemilang has been accomplished and decrease the cycle time around 10 seconds/card. By using automation system on jacquard card production is expected to increase the production capacity and eliminate the workload of operator therefore offer benefit and productivity of company.

Do oil futures prices predict stock returns?

Abstract This paper explores stock return predictability by exploiting the cross-section of oil futures prices. Motivated by the principal component analysis, we find the curvature factor of the oil futures curve predicts monthly stock returns: a 1% per month increase in the curvature factor predicts 0.4% per month decrease in stock market index return. This predictive pattern is prevailing in non-oil industry portfolios, but is absent for oil-related portfolios. The in- and out-of-sample predictive power of the curvature factor for non-oil stocks is robust and outperforms many other predictors, including oil spot prices. The predictive power of the curvature factor comes from its ability to forecast supply-side oil shocks, which only affect non-oil stocks and are hedged by oil-related stocks.

When Oil Is Not Enough: Sino-Saudi Relations and Vision 2030

:This paper explores how cultural developments help us to better understand Sino-Saudi ties in the 21st century, Saudi “Vision 2030”, and China’s “One Belt and One Road Initiative” (OBOR). For much of the last decade, scholarly studies of Sino-Saudi ties have focused on the energy trade between the two states, with relatively little attention paid to other economic or cultural factors. By contrast, this article argues that Sino-Saudi ties deserve an alternative approach. While it recognizes the role of oil and energy in the bilateral relationship, it argues that the Sino-Saudi relationship in the future will be increasingly defined by economic and, remarkably, cultural ties that are not directly tied to the energy trade. A critical part of this process will be OBOR, and Vision 2030, the latter looking to non-oil industries, including arts and culture, to transform Saudi Arabia and its political and economic ties with Asia.

Do Oil Futures Prices Predict Stock Returns?

This paper explores stock return predictability by exploiting the cross-section of oil futures prices. Motivated by the principal component analysis, we find the curvature factor of the oil futures curve predicts monthly stock returns: a 1% per month increase in the curvature factor predicts 0.4% per month decrease in stock market index return. This predictive pattern is prevailing in non-oil industry portfolios, but is absent for oil-related portfolios. The in- and out-of-sample predictive power of the curvature factor for non-oil stocks is robust and outperforms many other predictors, including oil spot prices. The predictive power of the curvature factor comes from its ability to forecast supply-side oil shocks, which only affect non-oil stocks and are hedged by oil-related stocks.

Expected Oil Prices and Stock Returns

I extract three oil risk factors using oil futures prices and returns of oil related firms. The first factor accounts for news that uniformly affects expected oil prices at all horizons, the second factor accounts for news that affects near term expected oil prices, and the third factor accounts for news that affects expected distant oil prices. I show that all three factors are important for explaining returns of oil-related portfolios, and account for over 35% of the non-market variation in these portfolios. As a comparison, non-market Fama-French-Carhart factors explain less than 8%. For non-oil industries, the oil risk factors explain a much lower portion of the variation (about 4% on average), however more than half of non-oil industries load significantly on at least one oil factor, and one fourth load significantly on at least two oil factors.

Методический подход к повышению конкурентоспосбности в развитии мелкого предпринимательства

В статье, используя теоретический подход к тенденциям развития предпринимательства в условиях рыночной экономики, отмечена роль государственной поддержки в этом направлении. Изучено влияние конкурентной среды на развитие предпринимательства, раскрыты приоритетные направления государственной деятельности по развитию конкуренции в ненефтяном секторе, рассмотрена система положительных стимулирующих мер в сфере промышленности, налогов, финансов, инвестиций, а также в сфере приватизации. В завершении статьи сделаны обобщающие выводы по повышению конкурентной деятельности в сфере малого предпринимательства в ненефтяной промышленности страны.

MENGAPA TERJADI GROWTH WITHOUT DEVELOPMENT DI PROVINSI KALIMANTAN TIMUR?

This study attempts to examine to what extent growth without development has occured in East Kalimantan (Kaltim)? It will use several analyses, in particular regional typology based on economic growth and Gross Regional Domestic Product (GRDP), leading sectors and subsectors, location pattern of those leading sectors and subsectors, and the structural transformation. To analyse the effects of regional autonomy on Kaltim, the data used in this research are divided into two periods: before (1993-2000) and after regional autonomy (2001-2007). By using quantitative-descriptive analyses, our findings find that: first, miningexcavation has persisted to be the major leading sector in Kaltim. Second, leading subsectors in Kaltim comprise forestry, oil and gas, nonoil and gas industry, and wholesale-retail commerce. Third, the leading subsectors tend to despecialize in Kaltim during the implementation of regional autonomy. Fourth, structural transformation does not occur in all kabupaten/kota of Kaltim confirming that Kaltim is a good provincial example for growth without development.

Importance of National Industrial Policy for Azerbaijan: Impacts of Education Investments

Existing literature provides striking empirical results about the declining manufacturing employment all over the developed countries. Meanwhile, fostering non-oil industry, that is manufacturing, holds a national vital priority and provides potential employment opportunities for Azerbaijan labor force. During the rising concerns era of manufacturing employment in the developed part of the world, numerous policy implications are also supposed to be concluded for the Azerbaijan economy. In this paper, education investments, non-oil sectors' employment and building up strong middle class will be analyzed with relevant policy implications. This study depicts the crucial fact; education is critical determinant on poverty reduction and generating broad middle class. National industrial base requires human capital and education is a significant factor in the formation of middle class. In this study, main objective is to combine human capital accumulation and its economic impacts on Azerbaijan economy, in terms of gaining broader middle class. Analysis in this paper shows that investing human capital will contribute too much to the aim of widening middle class population.

Has the Sovereign Wealth Fund of Azerbaijan (SOFAZ) Been Able to Promote Economic Diversification?

Oil-rich countries have oftentimes been confronted with the challenge of diversifying their economies away from oil dependence given the exhaustible nature of these fossil fuels. Investing in sovereign wealth funds has been one of the most ubiquitous ways of preparing for the post-oil period. Investing in sovereign wealth funds rather than directly injecting the oil revenues in the economy not only precludes the outbreak of the Dutch Disease (which is known for giving rise to an exchange rate appreciation, crowding out non-oil industries and keeping the economy reliant on oil), but it also saves for future generations. Yet, in the case of Azerbaijan, the Sovereign Wealth Fund of Azerbaijan (SOFAZ), founded in 1999, has only increased this reliance on oil. Using the rentier states theoretical framework, this paper will argue that the direct control over SOFAZ exercised by the president and the lack of consultation with the NGOs have made corruption easier, making the task of economic diversification more difficult. This has been possible because through corruption the president has often resorted to oil money to buy peace rather than invest it in economic diversification. As a result, since the foundation of SOFAZ, the country is more reliant, not less, on oil.
 
 Full text available at: https://doi.org/10.22215/rera.v8i1.223

Has the Sovereign Wealth Fund of Azerbaijan (SOFAZ) Been Able to Promote Economic Diversification?

Oil-rich countries have oftentimes been confronted with the challenge of diversifying their economies away from oil dependence given the exhaustible nature of these fossil fuels. Investing in sovereign wealth funds has been one of the most ubiquitous ways of preparing for the post-oil period. Investing in sovereign wealth funds rather than directly injecting the oil revenues in the economy not only precludes the outbreak of the Dutch Disease (which is known for giving rise to an exchange rate appreciation, crowding out non-oil industries and keeping the economy reliant on oil), but it also saves for future generations. Yet, in the case of Azerbaijan, the Sovereign Wealth Fund of Azerbaijan (SOFAZ), founded in 1999, has only increased this reliance on oil. Using the rentier states theoretical framework, this paper will argue that the direct control over SOFAZ exercised by the president and the lack of consultation with the NGOs have made corruption easier, making the task of economic diversification more difficult. This has been possible because through corruption the president has often resorted to oil money to buy peace rather than invest it in economic diversification. As a result, since the foundation of SOFAZ, the country is more reliant, not less, on oil.

Declining Manufacturing Employment as a Global Social Change: Implications for Azerbaijan

Existing literature provides striking empirical results about the declining manufacturing employment all over the world. This bare finding brought about clear definition of deindustrialization: systematic disinvestment in a nation's core manufacturing industries. In some studies we observe globalization as a main source of this concern. Only in Japanese economy between 2001 and 2004, 800 thousand jobs were lost in manufacturing SMEs. For the same period, job loss in all US manufacturing industry reached to 2, 1 million. Of the 10 countries tracked by the US Bureau of Labor Statistics, between 1997 and 2009, United States lost highest number of jobs in manufacturing. By mid-2012, Advanced Manufacturing Partnership Steering Committee submitted its report to Mr. Obama with the title of Capturing Domestic Competitive Advantage in Advanced Manufacturing. This report also includes concerns about declining share of manufacturing in the US Economy. From the social change standpoint, US is much concerned than others, because middle-class of America is built up by manufacturing. Also, US experience shows that, manufacturing jobs are more likely to be full-time and to offer 12 percent higher wages than other jobs. Other study suggests that between 1970s and 2000s external factors caused manufacturing sector employment decline across 18 OECD countries. About the developing countries, a comprehensive study including analysis of 64 countries comes up with interesting result: From 1980 to 2003 manufacturing employment increased in most countries. Declining relative importance of manufacturing in terms of employment and output made some countries to take pre-emptive steps. Developing countries such as Cameroon and Nigeria perceives manufacturing sector development plans as poverty reduction policy for the economy. Fostering non-oil industry, that is manufacturing, holds a national vital priority and provides potential employment opportunities for Azerbaijan economy too. During the rising concerns era of manufacturing employment, numerous policy implications are also supposed to be concluded for the Azerbaijan economy. This study will attempt to come up with some practical and plausible suggestions for the Azerbaijan, regarding manufacturing employment and its social impacts.

QEYRİ-NEFT SƏNAYESİNİN İXRAC POTENSİALININ YÜKSƏKDİLMƏSİNƏ TƏSİR EDƏN AMİLLƏR

Since 2014, the deepening of the world economic crisis and sharp fluctuations in oil prices have led to the economic decline of other countries with oil resources, such as Azerbaijan, and the economic decline and weakening of their financial resources. The export of oil and oil products in Azerbaijan has a high share in the total export, and about 85% of the budget revenues are formed from the export of raw materials. This disparity existing in the export structure of the country's economy makes it necessary to investigate non-oil industry areas with export potential in Azerbaijan, to investigate and find solutions to existing problems in this area. In recent years, Azerbaijan attaches great importance to the development of the non-oil sector, especially the non-oil industry, and attaches great importance to the improvement of exports in these areas. In the dissertation work, the theoretical and conceptual approaches of nonoil industry sectors with export potential in the country's economy, the current situation were investigated, proposals were presented and recommendations were made for the development of these sectors.

AZƏRBAYCANDA “YAŞIL İQTİSADİYYAT”IN İNKİŞAFI POTENSİALININ QİYMƏTLƏNDİRİLMƏSİ

The prosperity of Аzerbаijаn's development trаjectory bаsed on fossil fuel production аnd economic growth hаs occurred аt the expense of the environment, other non-oil industries аnd the growth of humаn cаpitаl. Due to the lаck of economic diversificаtion, the country is highly vulnerаble to trаnsition risks,volаtility of fossil fuel mаrkets аnd climаte chаnge. This аrticle, which is prepаred to support Аzerbаijаn's аspirаtions for green development, stаtes thаt increаsing climаte meаsures аnd greening а number of sectors hаve the potentiаl to help diversify the economy of Аzerbаijаn, contribute to the potentiаl of sectors аnd country-specific environmentаl problems аnd goаls, аnd solve economic growth. Аzerbаijаn hаs joined the globаl seаrch for sustаinаble development by mаking а strаtegic choice to invest in а cleаn environment аnd reduce greenhouse gаs emissions. Improving the ecologicаl situаtion in the Republic of Аzerbаijаn аnd creаting the foundаtions for the trаnsition to а cleаn economy is one of the mаin priority issues fаcing the current аnd future generаtions

İNVESTİSİYA FƏALİYYƏTİNİN MAHİYYƏTİ VƏ FORMALAŞMASI PRİNSİPLƏRİ

The article examines the classical theories focused on investment efficiency, the essence of investment processes, investment policy, financial source of investment, domestic and foreign investment, regulation of investment activity, factors that determine the need for the investment process, investments aimed at consuming the population from the country's resources. 15 Tikintinin iqtisadiyyatı və menecment Construction economycs and management 2023-cü il. № 2 (23) -səh.10-15 2023, № 2 (23), pp.10-15 M.A.Məmmədov, O.Ə.Naqdiyev, M.A.Mamedov, O.A.Nagdiev, A.A.Şabanov А.А.Shabanov At the same time, investments in the oil and gas and non-oil sectors within the framework of state programs were analyzed, development concepts, strategies were drawn up, as well as the structure of the gross domestic product and the growth dynamics of the non-oil industry. and appreciated.

Significance and principles of formation of investment activity

The article examines the classical theories focused on investment efficiency, the essence of investment processes, investment policy, financial source of investment, domestic and foreign investment, regulation of investment activity, factors that determine the need for the investment process, investments aimed at consuming the population from the country's resources. At the same time, investments in the oil and gas and non-oil sectors within the framework of state programs were analyzed, development concepts, strategies were drawn up, as well as the structure of the gross domestic product and the growth dynamics of the non-oil industry. and appreciated

Comparisons of Japanese Multinationals and Other Firms in Thailand’s Non-oil Manufacturing Industries

This study compares average labour productivity, capital intensity, wages, skill intensity, foreign labour dependence, and trade propensities in Japanese firms and other firms in Thai land's non-oil manufacturing industries in 1990. Firm-level analysis reveals that Japanese firms tend to be relatively capital intensive compared to all other firm groups, pay higher wages compared to local firms as do other foreign firms, be less skill intensive than firms from developed economies, and depend more on foreign workers than do local firms or other developed economy firms, though this dependence is even higher in developing economy firms. All firms with high foreign ownership shares had relatively large export propensities. However, there were few differences between local firms and foreign firms in labour produc tivity and import propensities. Results thus indicate that Japanese multinationals may not differ that much from other multinationals in many respects, despite obvious differences in corporate structures and practices.