Support For Economic Development Research Articles

Assessment of Impact of Country Business Ranking on Economi c Development: An Empirical Analysis

Purpose: The World Bank's “Ease of Doing Business” index, among other business rankings, can help a country's economic progress by attracting foreign investments, encouraging entrepreneurship, and improving the business climate. Superior rankings indicate an optimised environment for business activities, which could boost investments, job opportunities, and overall economic growth. The research is conducted to assess the impact of a country's business ranking on economic development. Design/methodology/approach: The Structural Equation Modelling (SEM) method was used to assess the impact of a country's business ranking on its economic trajectory. The official World Bank report was used to obtain data from 2015 to 2021. Panel data of Global Innovation Ranking, Ease of Doing Business Ranking, and Business Freedom Ranking from 2016 to 2021 is the basis of this study. The researcher has used a conceptual framework to establish and understand the dependence among the dependent and independent variables. For measuring statistical association, the researcher has used structural equation modelling and path diagram along with correlation and regression analysis. The correlation has been used to assess their association, while the researcher has used regression to determine the impact of country business ranking. Findings: The investigator investigated the impact of India's standings in the Global Innovation Ranking, Ease of Doing Business Ranking, and Business Freedom Ranking on its Economic Development, specifically GDP, in this study. The study's findings show that India's business rankings have a significant impact on its economic development. Such global business rankings provide critical data points for policymakers, businesses, and investors to make informed decisions, thereby promoting economic growth. Furthermore, the study examined the effects of GDP growth on the combustion of fossil fuels, as measured in million tonnes, emphasising the environmental consequences of economic expansion. Research limitations/implications: It's imperative to note that this is just an estimate, and the actual relationship between the variables in the population may differ from this estimate. The estimate is based on the sample data used to fit the model and may not accurately reflect the true relationship in the population. Further analysis and interpretation of the model's goodness of fit and consideration of other factors, such as outliers or omitted variables, are essential to fully apprehend the relationship between “GIR” and the dependent variable. The results of global business rankings can help policymakers identify areas for improvement in their country's business environment. By focusing on the areas where their country is lagging behind, they can develop policies and initiatives to attract more investment, create a more favourable business environment, and support economic growth. Businesses can use the results of global rankings to evaluate potential locations for expansion or investment. It can provide insights into the ease of starting and running a business, access to credit, property rights protection, and other important factors to businesses. Investors can also use the results of global rankings to make informed decisions about where increased investment and economic growth. Global business rankings generally provide valuable information that policymakers, businesses, and investors can use to make informed decisions and support economic development. Originality/value: I hereby attest that the research paper I have submitted is the result of my own independent and unique labor. All of the sources from which the thoughts and passages were derived have been properly credited. The work has not been submitted for publication anywhere and is devoid of any instances of plagiarism.

Islamic Social Finance: Exploring Zakat, Waqf, and Sadaqah in Economic Development

Islamic social finance has an important role in inclusive and sustainable economic development. In this context, zakat, waqf, and sadaqah become important instruments that can be used to mobilize resources and support economic development initiatives. However, challenges such as lack of public awareness, preference for conventional financial institutions, and lack of supportive regulations still need to be overcome.

Sustainable development of rural localities in Dobrogea through digitalization

Romania's sustainable development strategy aims to integrate economic, social and environmental development objectives in such a way as to ensure sustainable and equitable economic growth that does not negatively affect people's quality of life or the environment. Promoting innovation through digitisation is necessary to enhance competitiveness and support economic and social development, including rural areas. This article contains a first analysis of how digitisation, as a European and national programme, can enhance the sustainable development of rural localities in Dobrogea, with application to the elaboration of such a digitisation strategy for dobrogean’s rural area

Public Financial Management in Vietnam: A Study for the Investment in Infrastructure Construction in Vietnam

The topic of infrastructure investment is becoming more prominent, to enhance infrastructure quality and support economic and trade development, particularly in developing countries. However, there are still some obstacles that countries confront when investing in infrastructure construction in economic regions, most notably the issue of public financial management. As a result, this study investigates key elements influencing public financial management in the field of economic infrastructure-building investment in 11 provinces in the Red River Delta area. According to research findings, the three most influential variables in public financial management are (i) investment management, (ii) planning management, and (iii) supervision and inspection. Simultaneously, it highlights shortcomings in the public financial management process, presenting recommended remedies with the goal of effective, transparent, and sustainable development.

A review of methods for integrating risk management and multicriteria decision analysis in financial feasibility for post-coal-mining land usage selection

Coal mining is an economy activity that extract coal from underground. The land use after the mining operation ceased must be properly planned to mitigate the loss of employment, support economic diversification and sustainable development in future. Deciding the best post-mining land usage (PMLU) option fell into a multi-criteria decision problem as the decision would have impact on many stakeholders, including corporations, workers, government, and local communities. This work reviewed past works related to PMLU with a specific interest in risk management and multi-criteria decision analysis. There were seven major categories for PMLU options discussed in the previous works, namely agriculture, forestry, water potential, industrial area, recreational, energy-related, and landfill site. The network visualization of keywords shown the lack of connection among PMLU, financial feasibility study, risk identification, risk simulation, and multi-criteria decision analysis. An integrated decision framework would contribute to fill the gap. Potential land developers and all related parties may utilize the outcome obtained from this review to optimize their PMLU decision for the betterment of the environment and communities that aligns with the current world activities toward sustainable development to give our planet a better future.

Do Digital Marketing Impact Business Performance? Emerging Views from Managers and Owners of Micro, Small and Medium Scales Enterprises in Nigeria

Micro, Small and Medium Enterprises (MSMEs) are engaged in recreation and economic wellbeing of a nation. They generate diversified sources of national income, improve a country’s competitive advantage and support economic development leading to suppleness of the economies. This study examines the influence of digital marketing on MSMEs performance in Plateau State, survey research design was used, data were obtained from 130 MSMEs in Plateau State through self – administered questionnaires and the study instruments were adapted from previous studies. The study instruments were subjected to determine the validity and reliability of the research instrument and subsequently to determine the hypothesized direct relationships among the variables through multiple regression analysis method. The findings revealed that social media marketing, e – mail marketing, internet marketing, and mobile marketing, are positive related to the performance scale of micro and medium scale enterprises in plateau state, while search engine marketing has no relationship with firm performance. The implication to the study is that digital marketing has a potential as marketing strategy to influence performance of small firms, the study will be of great importance to scholars because it a new subject to explore as a marketing strategy for MSMEs in competitive environment characterized rapid change in technology

On the role of social rules in economic development: historical perspectives

This paper explores the role of social rules in economic development. It reviews the historical evidence on social rules and their linkages with human capital. We present supporting evidence from the historical evolution of four important aspects of society: (1) improved dispute resolution mechanisms; (2) the elimination of debt bondage; (3) reductions in the severity of punishments; and (4) the development of limited liability rules and their linkages with the rise of the modern corporation. In each case, we evaluate how social rules have evolved to protect human capital and support economic development.

Global Anesthesiology and Intraoperative Neuromonitoring: Report from a Sustainable Collaboration

Committee News| January 2023 Global Anesthesiology and Intraoperative Neuromonitoring: Report from a Sustainable Collaboration Julio C. Montejano, MD; Julio C. Montejano, MD Search for other works by this author on: This Site PubMed Google Scholar Betty Nantongo, MBChB, MMed; Betty Nantongo, MBChB, MMed Search for other works by this author on: This Site PubMed Google Scholar Teguo Daniel Djoyum, MPH, CNIM, R.EEG.T; Teguo Daniel Djoyum, MPH, CNIM, R.EEG.T Search for other works by this author on: This Site PubMed Google Scholar Colby G. Simmons, DO, MBA Colby G. Simmons, DO, MBA Search for other works by this author on: This Site PubMed Google Scholar ASA Monitor January 2023, Vol. 87, 32–33. https://doi.org/10.1097/01.ASM.0000911812.56399.8f Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn MailTo Cite Icon Cite Get Permissions Search Site Citation Julio C. Montejano, Betty Nantongo, Teguo Daniel Djoyum, Colby G. Simmons; Global Anesthesiology and Intraoperative Neuromonitoring: Report from a Sustainable Collaboration. ASA Monitor 2023; 87:32–33 doi: https://doi.org/10.1097/01.ASM.0000911812.56399.8f Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll PublicationsASA Monitor Search Advanced Search Topics: intraoperative neurophysiological monitoring, uganda, neurosurgical procedures The stated mission of the ASA Committee on Global Health is to enhance, support, educate, represent and collaborate for safe anesthesia practice worldwide. As an ASA Committee on Global Health scholarship recipient, Dr. Simmons traveled to CURE Uganda in 2017 and fully felt the pull of that mission. It was during this trip, and subsequent visits thereafter, that the framework was set for the creation of an educational and clinical program that would significantly improve surgical and anesthesia care, support economic development with job creation, and improve career satisfaction of clinicians via the implementation of the first intraoperative neuromonitoring (IONM) program in Uganda. At the University of Colorado Hospital, where Drs. Simmons and Montejano practice, the Section of Neuroanesthesia supervises and directs the IONM program. Utilizing these unique skills and recognizing the need for this technology and its ability to enhance patient outcomes, work began toward training and educating both... You do not currently have access to this content.

The Impact of the Exchange Rate on the Trade Balance in Vietnam During the Period 2005-2021 and Some Policy Implications

The article studies the impact of the exchange rate on the trade balance in Vietnam during the period 2005-2021. The relationship between the exchange rate and the trade balance has been mentioned in many theories and empirical studies in different countries and during different periods. To explain the impact of the exchange rate on the trade balance of Vietnam, the research team collected data on import and export turnover, real exchange rate, and net export value during the period 2005 - 2021. The team used EViews 8 software to analyze time series data and to build a linear regression model to consider the relationship between the real exchange rate and net exports during the research period. The model results show that when the real exchange rate increases by 1%, the net export value increases by 37570.76 million USD. This shows that the real exchange rate in Vietnam during the research period has a positive relationship with the balance of trade. The study also shows that when the value of export turnover increases by 1%, the net export value increases by USD 84738.12 million, and when the value of import turnover increases by 1%, the net export decreases by 83429.05 million USD. This shows that Vietnam's trade balance in the research period is affected by the real exchange rate and the value of import and export turnover. From the research results, the team suggests policies to promote exports, improve the trade balance, stabilize Vietnam's macro-economy, and support economic growth and development.

TWO FUTUWWAT-NĀME WITH UNKNOWN AUTHOR

Futuwwat-nāmes aim to shape the religious and worldly lives of people. They are texts that establish individual and social order, equip social order and organization, nurture cultural unity, support economic development, deal with legal issues, describe the ideal person and guide the ideal society. Futuwwat-nāmes, which reveal a form of human being physically, mentally and emotionally, express both a moral and a literature by adhering to verses, hadiths and mysticism in terms of principles. Since the 13th century, many Turkish futuwwat-nāmes have been written in verse and prose, and many scientific studies have been carried out on the most important and voluminous ones. However, there are still futuwwat-nāmes in libraries that have not been introduced to today's scientific world. Although this delays the final word on futuwwat-nāmes, which is a valuable literary genre, it is a valuable proof that futuwwat-nāmes have become so widespread that they become anonymous and that the popular and popular demand for this genre is very popular. In this study, two futuwwat-nāmes, whose author is unknown, found one after the other between 1b-10b sheets in a manuscript book registered at 06 Mil Yz A 2031/1 in the Ankara National Library Manuscripts Collection. In the first futuwwat-nāme, the main subject and event was shaped around the master's bringing a student before the saints and asking for permission from the saints. In addition, the relationship between the master and the disciple was emphasized. In the work, the etiquette and etiquette of futuwwat, covering subjects such as "greeting, exhaling, sweeping the shop, drawing the table, claiming rights, ancestor of the road, brother of the road" are handled; questions and answers about futuvvet; topics were supported with verses; advice, prayers were given; translators have been added. In the second futuwwat-nāme, four pages were broken, and in the work, the people who were tied by Hazrat Ali and the lineage with which Salman tied his waist and the professions represented by the people were explained in order. The importance and place of these two works, which we introduced to the world of science, in the literature of futuwwat-nāme, the fact that the first work is a text prepared specifically for the order of futuwwat, the second is related to the fact that it contains information on reliance and its succession. Keywords: Futuwwat-Nāme, Moral Rules, Rules of Decency, Reliance, Lineage.

THE EFFECT OF ACCOUNTING DISCLOSURE FOR FINANCIAL STATEMENTS IN ATTRACTING FINANCIAL INVESTMENT, A CASE STUDY FOR THE STOCK MARKET IN IRAQ AND SOME BANKS

This research aims to measure the impact of the accounting disclosure of the financialstatements in attracting investment and its financial framework in Iraq, and the descriptive approach wasused and the results were analyzed based on the spss program) in the analysis. Financial nature, the mostimportant of which is the stock market, Rafidain Bank, as well as the Iraqi Trade Bank in Iraq. The researchshowed that there is a good level with regard to the research sample’s awareness of the questions containedin the questionnaire. The results of the research showed a relationship of statistical significance and at amoral level of 5% between the accounting disclosure for financial statements and attracting financialinvestment in institutions, the research also proved that the opinions of the research sample agreed positivelyon the paragraphs mentioned in the questionnaire, which confirms the validity of the alternative hypothesiscontained in the research. The research recommended the need for the stock market in Iraq, as well asinstitutions of a financial nature, to develop a curriculum that explains the nature of accounting disclosurefor companies listed on the stock exchange in general, and for commercial banks in particular, in a way thathelps provide beneficiaries with information and contributes to attracting investment in support of economicdevelopment in the country.

How effective are renewable energy, tourism, trade openness, and foreign direct investment on CO2 emissions? An EKC analysis for ASEAN countries.

The effects of renewable energy, tourism, foreign direct investment, and income on environmental degradation have attracted the attention of many researchers, but to date, no researcher has examined the concurrent effects of these variables on CO2 emissions for the Association of Southeast Asian Nations (ASEAN) countries. Motivated by this gap in the literature, this study aims to analyze the determinants of carbon dioxide (CO2) emissions under the environmental Kuznets curve (EKC) hypothesis for six ASEAN countries. To this end, the study utilizes the panel ARDL estimator and the Dumitrescu-Hurlin panel causality test from 1995 to 2018. The results show that (i) tourism and foreign direct investment increase CO2 emissions. (ii) Real income and trade openness reduce environmental degradation. (iii) Since the long-run income elasticity is lower than the short-run, the EKC hypothesis is valid. (iv) Renewable energy reduces carbon emissions only in the short term and has no effect on environmental quality in the long term. There is also no causal relationship between renewable energy and environmental degradation. This could be due to the ineffective deployment of renewable energy in ASEAN countries. Based on these results, this study suggests that ASEAN countries should effectively use renewable energy, reduce the amount of fossil energy in the tourism sector, and support economic development to achieve a sustainable environment.

Energy Resources of Southern Africa: Potentials and Sustainable Energy Delivery

Energy resources constitute a substantial part of natural resources of many nations. The energy resources confer advantages on the resource nations as they provide the base for energy development, support economic development and provide export commodities. Southern Africa has some fossil fuel resources of natural oil, natural gas, and coal. It also has uranium deposits for nuclear energy development. With the global attention shifting to renewable and cleaner energy sources, it is advantageous that Southern Africa is also endowed with renewable energy resources. The advantage of its position relative to the Equator, the vast land that accommodates high wind speed, the vast tropical forest that yields bio-energy resources and coastlines that permit access to the ocean for off-shore wind energy and ocean energy, provide the renewable energy resources to help in achieving universal access. The objectives of the study are to profile the non-renewable energy resources of the Southern Africa subregion, understand the potentials of the renewable energy resources and draw implications of the energy resources for energy delivery in the Southern Africa subregion. The paper notes that while non-renewable energy resources are confined to a few countries, all the countries have advantages of renewable energy resources with adequate distribution of wind and solar energy resources. The paper also notes that clean non-renewable resources of natural gas and uranium can be adequately combined with the renewable energy resources to harvest the advantages of the two groups of energy resources for achieving the twin goals of universal energy access and green energy development.

Pollution Haven Hypothesis in Africa: Does the Quality of Institutions Matter?

This article aims at investigating whether the FDI inflows affect CO2 emissions for a set of 40 African countries. To be specific, it seeks to perceive, to what extent the quality of institutions plays a role in the empirical validity of the famous pollution haven hypothesis (PHH). We apply Panel ARDL and the three estimators; Pooled Mean Group (PMG), Mean Group (MG) and Dynamic Fixed Effect estimator (DFE) but also Granger causality and Dumitrescu and Hurlin causality for annual data from 1988 to 2016. Long run results indicate the link between FDI, and pollution is relatively complex. If in general, the PHH does not seem to be validated, the result represents quite the opposite when we consider the institutional quality in the diverse African countries. Indeed, our results show the quality of institutions determines the nature of FDI received by African countries. In countries with a high level of corruption, inward FDI significantly reduces CO2 emissions, while in countries with low institutional quality, inward FDI increases CO2 emissions. Some policy recommendations have been formulated to support African countries reduce carbon emissions and support economic development. In particular, institutional reform would enable African countries to reconcile economic development, particularly through the FDI, with environmental quality.

An integrated sustainable biorefinery concept towards achieving zero-waste production

Biodiesel is a cleaner fuel for the transportation sector, to reduce greenhouse gases emission, and support economic development. Despite several advantages, biodiesel processing produces a significant amount of waste, mainly water and glycerol. In this study, using a circular economy approach, an integrated biodiesel biorefinery is designed and analyzed to assess whether it can lead to better economics and a zero-waste scenario. To achieve these goals, one stand-alone and three integrated scenarios were analyzed: (1) stand-alone biodiesel production; biodiesel production integrated with (2) methanol production from CO2; (3) bio-succinic acid production; and (4) methanol and bio-succinic acid production. Each scenario was evaluated based on rigorous profitability, sensitivity and environmental analysis. For each scenario, biodiesel's minimum selling price in USD/kg was 0.30, 0.39, 0.22 and 0.44 respectively. Thereby, making integration (3) and (4) the most and least profitable respectively. By sensitivity analysis, waste cooking oil price and total capital investment were the most sensitive variables. From sustainability perspective, the scenario (3) has a waste production of 0.68 kg/kg-product, in which wastewater is 0.55 kg/kg-product. Finally, to improve sustainability, two improvements were implemented: multi-effect evaporation and wastewater treatment. Through this implementation, the waste production was reduced by 81% to 0.13 kg-waste/kg-product.

Smart fertilizers as a solution for the biodiversity and food security during the war in Ukraine

The ongoing war between Russia and Ukraine has resulted in widespread damages and loss of lives in highly populated cities, advanced to rural settings as well as sparked massive displacement amongst the population. The two nations are the key exporters of agronomic goods, and they play a huge role in supplying international markets with food products and fertilizers and the ongoing war has led to shortage of supply of these products. The purpose of this study is to present the current aspects related to the use of smart fertilizers as an opportunity to ensure food security and biodiversity. To fulfil this purpose, scientific publications were analysed, and the following groups of methods were employed: dialectical method of scientific cognition, general scientific and special methods. To summarise the scientific and methodological nature, an abstract-logical method of approach to examining the possibilities of using smart fertilizers in agriculture and drawing conclusions was used. Furthermore, the method of logical observation and analysis was used, and based on input data and correlations, conclusions were made that correspond to the object of the study. The generalization method was used to summarise the results of the study. As a result of the study, it was found that the use of smart fertilizers leads to less absorption of resources by agricultural crops, lesser losses in the form of leaching, run-off and denitrification, and a favourable impact on the surrounding natural environment. Moreover, their use is a necessary approach to increase the production of foods, which is necessary to make provision for the population and support economic development. The findings of the current study show that smart fertilizers can serve as a solution for the biodiversity and food security during the Russian invasion in Ukraine.

MobIntel: Sensing and analytics infrastructure for urban mobility intelligence

Mobility monitoring in urban environments provides valuable insights into pedestrian and vehicle movement. Understanding the causes and effects of changing mobility patterns can help city officials and businesses optimize operations and support economic development. In this paper, we introduce MobIntel, a privacy-centric alternative to visual surveillance for mobility monitoring. We present the design, implementation, and evaluation of the MobIntel sensor network, the associated cloud-based processing system, and the web-based visualization portal. We evaluate system capacity and accuracy based on real-life data collected from a deployment in downtown West Palm Beach, FL, spanning 14 months. We offer sample use cases where pedestrian activity patterns revealed by MobIntel can be helpful to the city government. Finally, we discuss several obstacles that must be overcome to transition from pedestrian counting to trajectory monitoring.

The Role of Information and Communication Technology in Supporting Economic Development With Special Reference to Iraq

The Role of Information and Communication Technology in Supporting Economic Development With Special Reference to Iraq

The Role of Entrepreneurial Performance in Supporting Economic Development of Countries: An Empirical Approach

Abstract Entrepreneurship is recognized as one of the factors stimulating economic growth and increasing economic competitiveness. In addition, the Europe 2020 Strategy has focused its attention on entrepreneurship as a key factor of economic growth, social progress, and employment. In this context, our study examines the role of entrepreneurial performance for sustaining the development of countries, focusing on a sample of European countries. We attempt to reveal if increasing entrepreneurial performance would have significant influence on improving the economic position of countries and their future economic development. Starting from the OECD-Eurostat Entrepreneurship Indicators Programme we use a set of entrepreneurial performance indicators as independent variables and examine to what extent they can influence competitiveness and economic growth, seen as dependent variables of the models. We focus on a period of 10 years (2008–2017) and we apply panel-data estimation techniques. Because the period considered includes the period of the last international financial crisis, we also include in our analysis a dummy variable. Our results emphasize that the changes in entrepreneurial performance play a significant role in enhancing national competitiveness and economic growth. Our findings contribute to the expansion of literature in the field by providing evidence on the correlation of indicators that measure entrepreneurial performance with national competitiveness and economic growth. Moreover, our findings point out the need of the policy makers to adopt measures and policies that help and stimulate entrepreneurs to become more performant because they can generate positive effects to the economy as a whole.

The effects of future climate change shocks on macroeconomic aggregates via agricultural production in Tunisia: A dynamic general equilibrium analysis

This study aims to analyze the direct and indirect impact of future climate changes on agricultural production and macroeconomic aggregates. A dynamic general equilibrium model of the Tunisian economy has been developed, which takes into account the effects of future climate shocks from 2020 to 2050 to assess the impact of future climate change on agricultural production and macroeconomic aggregates. The model is used to simulate various scenarios. The results of the climate shock simulations clearly show that long-term citrus fruits production is showing remarkable declines in the most citrus-producing governorates following a significant drop in water level in dams and level of groundwater table. In turn, cereals are the plants most affected by the long-term reduction in rainfall. As for the olive production, it would show a decline reaching –1.263% between 2020 and 2024 in the level of its production following reduction in rainfall. From a macro-economic point of view, climate change will result in the short- and long-term in a deterioration of certain quantities, notably household consumption, entrepreneurial investment, and the unemployment rate, which decreases by –0.139% between 2031 and 2040. These results underline the need for a long-term agricultural policy to reduce or limit the economic and social consequences of climate change and support economic development.