Pub Date : 2024-06-07DOI: 10.1177/09749101241256095
O. G. Onatunji
While the global economy has witnessed robust economic performance over the past few years, millions of households remain financially deprived. This indicates that universal access to financial services is critical for the global community to achieve the United Nations’ sustainable development goals (SDGs). Although there is a burgeoning body of literature on the nexus between financial inclusion and income inequality, empirical evidence on the contribution of financial inclusion and institutional quality to income inequality remains sparse. This research, therefore, examines the effect of financial inclusion and institutional quality on income inequality in Brazil, Russia, India, China, and South Africa (BRICS) economies from 2004 to 2015. The empirical analysis employed the cross-sectional autoregressive distributed lag (CS-ARDL) and common correlated effects mean group (CCEMG) techniques to obviate cross-sectional dependency and heterogeneity concerns. The empirical outcome demonstrates that financial inclusion promotes income inequality reduction in BRICS economies in the long and short run. Additionally, improvements in institutional quality further enhance the accessibility and usage of financial services by financially excluded individuals, thereby fostering equitable income distribution in the BRICS countries. Based on these findings, BRICS economies need to increase their awareness of the available financial services, effective microfinance, financial capability, and infrastructural access in rural areas to improve financial inclusivity and thus promote equitable income distribution. JEL Classification D02, D33, E02, G21, O15
{"title":"The Potency of Financial Inclusion for Income Inequality Reduction in BRICS Economies: Does Institutional Quality Matter?","authors":"O. G. Onatunji","doi":"10.1177/09749101241256095","DOIUrl":"https://doi.org/10.1177/09749101241256095","url":null,"abstract":"While the global economy has witnessed robust economic performance over the past few years, millions of households remain financially deprived. This indicates that universal access to financial services is critical for the global community to achieve the United Nations’ sustainable development goals (SDGs). Although there is a burgeoning body of literature on the nexus between financial inclusion and income inequality, empirical evidence on the contribution of financial inclusion and institutional quality to income inequality remains sparse. This research, therefore, examines the effect of financial inclusion and institutional quality on income inequality in Brazil, Russia, India, China, and South Africa (BRICS) economies from 2004 to 2015. The empirical analysis employed the cross-sectional autoregressive distributed lag (CS-ARDL) and common correlated effects mean group (CCEMG) techniques to obviate cross-sectional dependency and heterogeneity concerns. The empirical outcome demonstrates that financial inclusion promotes income inequality reduction in BRICS economies in the long and short run. Additionally, improvements in institutional quality further enhance the accessibility and usage of financial services by financially excluded individuals, thereby fostering equitable income distribution in the BRICS countries. Based on these findings, BRICS economies need to increase their awareness of the available financial services, effective microfinance, financial capability, and infrastructural access in rural areas to improve financial inclusivity and thus promote equitable income distribution. JEL Classification D02, D33, E02, G21, O15","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":" 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141371856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-05-13DOI: 10.1177/09749101241247114
Amal Krishnan, M. Padmaja
The study examines the links between India’s outward foreign direct investment (OFDI) and possible income-shifting activities by the parent firms. The exercise is undertaken by examining the impact of OFDI on parent firms’ tax payments, profitability, debt, and intangible assets. The study is driven by the observation that nearly 68% of India’s OFDI flows between 2008 and 2020 were directed to offshore financial centers (OFC). The study relies on the Reserve Bank of India’s (RBI) firm-level overseas direct investment data and the Prowess database. We employed the propensity score matching (PSM) technique in combination with the difference-in-difference method to investigate the post-investment effects. Results suggest that overseas investments have resulted in lower payment of corporate taxes, as well as indirect and direct taxes at home. Moderate negative effects were observed in the case of the profitability of the parent firm. On the contrary, OFDI resulted in higher debt levels, particularly for firms investing in OFC destinations. A positive impact on the firm’s intangible assets suggests that income shifting via relocation of intangible assets is not evident. The analysis calls for policies to counter the possible tax leakage at home due to firms investing overseas, especially in OFCs. JEL Classification F23, C14
{"title":"Outward FDI, Profit Shifting, and Its Impact on the Tax Payments of the Parent Firm: A Case of Indian Manufacturing Firms","authors":"Amal Krishnan, M. Padmaja","doi":"10.1177/09749101241247114","DOIUrl":"https://doi.org/10.1177/09749101241247114","url":null,"abstract":"The study examines the links between India’s outward foreign direct investment (OFDI) and possible income-shifting activities by the parent firms. The exercise is undertaken by examining the impact of OFDI on parent firms’ tax payments, profitability, debt, and intangible assets. The study is driven by the observation that nearly 68% of India’s OFDI flows between 2008 and 2020 were directed to offshore financial centers (OFC). The study relies on the Reserve Bank of India’s (RBI) firm-level overseas direct investment data and the Prowess database. We employed the propensity score matching (PSM) technique in combination with the difference-in-difference method to investigate the post-investment effects. Results suggest that overseas investments have resulted in lower payment of corporate taxes, as well as indirect and direct taxes at home. Moderate negative effects were observed in the case of the profitability of the parent firm. On the contrary, OFDI resulted in higher debt levels, particularly for firms investing in OFC destinations. A positive impact on the firm’s intangible assets suggests that income shifting via relocation of intangible assets is not evident. The analysis calls for policies to counter the possible tax leakage at home due to firms investing overseas, especially in OFCs. JEL Classification F23, C14","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"63 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140983375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-19DOI: 10.1177/09749101241239107
Swati Sinha Babu
The study aims to investigate the impact of agricultural production on environmental degradation in the case of India, an emerging market economy, based on time series data from 1990 to 2020. Methane (CH4), nitrous oxide (N2O), and carbon dioxide (CO2) emissions have been used as indicators of degradation. Autoregressive distributive lag bound tests examine the long-run cointegrating relationship among the variables. To investigate the existence of the environmental Kuznets curve (EKC) between agricultural production and CH4, N2O, and CO2, we used a fully modified ordinary least squares (FMOLS) technique, and the robustness of the results of FMOLS were checked by dynamic ordinary least squares estimators. We also used Granger causality to check for unidirectional and bidirectional causalities. Results indicate an inverted U-shaped relationship in the case of both CH4 and N2O emission, thus confirming the EKC hypothesis. The relationship of CO2 emission with agricultural production does not verify the EKC hypothesis, and we find a U-shaped relation in the long-run. Lastly, policy measures have been suggested to mitigate greenhouse gas emissions from agricultural activities that may help attain a more sustainable economy. JEL Classification Q1, Q22, Q23, Q53, C33
本研究旨在根据 1990 年至 2020 年的时间序列数据，以新兴市场经济体印度为例，调查农业生产对环境退化的影响。甲烷（CH4）、一氧化二氮（N2O）和二氧化碳（CO2）排放量被用作环境退化的指标。自回归分布滞后约束检验考察了变量之间的长期协整关系。为了研究农业生产与 CH4、N2O 和 CO2 之间是否存在环境库兹涅茨曲线（EKC），我们使用了完全修正的普通最小二乘法（FMOLS）技术，并通过动态普通最小二乘法估计器检验了 FMOLS 结果的稳健性。我们还利用格兰杰因果关系检验了单向和双向因果关系。结果表明，CH4 和 N2O 排放均呈倒 U 型关系，从而证实了 EKC 假设。二氧化碳排放与农业生产的关系没有验证 EKC 假说，我们发现长期关系呈 U 型。最后，我们提出了减少农业活动温室气体排放的政策措施，这些措施可能有助于实现更可持续的经济。JEL 分类 Q1, Q22, Q23, Q53, C33
{"title":"Is Agricultural Production Responsible for Environmental Degradation in India? Implications for Sustainability Based on Panel Data Analysis","authors":"Swati Sinha Babu","doi":"10.1177/09749101241239107","DOIUrl":"https://doi.org/10.1177/09749101241239107","url":null,"abstract":"The study aims to investigate the impact of agricultural production on environmental degradation in the case of India, an emerging market economy, based on time series data from 1990 to 2020. Methane (CH4), nitrous oxide (N2O), and carbon dioxide (CO2) emissions have been used as indicators of degradation. Autoregressive distributive lag bound tests examine the long-run cointegrating relationship among the variables. To investigate the existence of the environmental Kuznets curve (EKC) between agricultural production and CH4, N2O, and CO2, we used a fully modified ordinary least squares (FMOLS) technique, and the robustness of the results of FMOLS were checked by dynamic ordinary least squares estimators. We also used Granger causality to check for unidirectional and bidirectional causalities. Results indicate an inverted U-shaped relationship in the case of both CH4 and N2O emission, thus confirming the EKC hypothesis. The relationship of CO2 emission with agricultural production does not verify the EKC hypothesis, and we find a U-shaped relation in the long-run. Lastly, policy measures have been suggested to mitigate greenhouse gas emissions from agricultural activities that may help attain a more sustainable economy. JEL Classification Q1, Q22, Q23, Q53, C33","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":" 422","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140682438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study investigates the impact of temperature and rainfall on economic growth in Asian countries using panel data regression analysis from 1991 to 2021. The results reveal a significant negative relationship between temperature and economic growth, with a 1°C rise leading to a 0.385% reduction in growth. High-temperature countries experience a more significant adverse effect compared to low-temperature countries. However, despite displaying a negative trend, rainfall does not significantly influence economic growth statistically. The study also finds differences in the impact of climate variables across different income groups. Additionally, temperature negatively affects the growth rate of agrarian countries, while rainfall does not significantly influence their growth dynamics. These findings underscore the importance of considering climate change in understanding economic growth and highlight the need for policymakers to prioritize climate risk assessment and adopt appropriate climate change mitigation and resilience strategies in Asian countries. JEL Classification E23, O13, Q54
{"title":"Temperature Rising, Growth Descending: Climate Change Impacts on Asian Economies","authors":"Nikhil Kaushik, Ashish Sharma, Poornima Mishra, Sunil Kumar","doi":"10.1177/09749101241242214","DOIUrl":"https://doi.org/10.1177/09749101241242214","url":null,"abstract":"This study investigates the impact of temperature and rainfall on economic growth in Asian countries using panel data regression analysis from 1991 to 2021. The results reveal a significant negative relationship between temperature and economic growth, with a 1°C rise leading to a 0.385% reduction in growth. High-temperature countries experience a more significant adverse effect compared to low-temperature countries. However, despite displaying a negative trend, rainfall does not significantly influence economic growth statistically. The study also finds differences in the impact of climate variables across different income groups. Additionally, temperature negatively affects the growth rate of agrarian countries, while rainfall does not significantly influence their growth dynamics. These findings underscore the importance of considering climate change in understanding economic growth and highlight the need for policymakers to prioritize climate risk assessment and adopt appropriate climate change mitigation and resilience strategies in Asian countries. JEL Classification E23, O13, Q54","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":" 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140682843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-17DOI: 10.1177/09749101241238288
Keghter Kelvin Kur
Recently, health-related issues have been attributed to some environmental factors and practices in Sub-Saharan Africa (SSA). These factors have further increased the high mortality rate despite increased spending on health. This study investigates the impact of environmental degradation and renewable energy consumption on the health outcomes of the population in the region. The study used a panel of 45 SSA countries from 2000 to 2019 and employed the generalized method of moments (GMM) and pooled mean group (PMG) regression analysis system. The findings reveal that increased environmental degradation in the form of CO2 emissions exposes people to health hazards, thus reducing their life expectancy. Renewable energy consumption, on the other hand, is a major contributor to the increase in life expectancy. The study recommends adopting the appropriate energy mix to reduce the consumption of non-renewable energy.
{"title":"Does Environmental Degradation and Renewable Energy Consumption Influence Health Outcomes? \u2028Evidence from Sub-Saharan Africa","authors":"Keghter Kelvin Kur","doi":"10.1177/09749101241238288","DOIUrl":"https://doi.org/10.1177/09749101241238288","url":null,"abstract":"Recently, health-related issues have been attributed to some environmental factors and practices in Sub-Saharan Africa (SSA). These factors have further increased the high mortality rate despite increased spending on health. This study investigates the impact of environmental degradation and renewable energy consumption on the health outcomes of the population in the region. The study used a panel of 45 SSA countries from 2000 to 2019 and employed the generalized method of moments (GMM) and pooled mean group (PMG) regression analysis system. The findings reveal that increased environmental degradation in the form of CO2 emissions exposes people to health hazards, thus reducing their life expectancy. Renewable energy consumption, on the other hand, is a major contributor to the increase in life expectancy. The study recommends adopting the appropriate energy mix to reduce the consumption of non-renewable energy.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":" 37","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140692638","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-03DOI: 10.1177/09749101241238643
Abdallah Abdul-Mumuni, J. K. Amoh, Abubakar Musah
While previous panel studies have focused on the linear specifications of the industrial production-carbon emissions nexus, nonlinear panel studies on this relationship remain thin on the ground. This article examines the asymmetric nexus between industrial production and carbon emissions in 30 selected Sub-Saharan African countries spanning from 1990 to 2019. In the presence of cross-sectional dependence, the second-generation unit root tests were applied to examine the unit-root properties. The cointegration tests results confirm the presence of a long-run relationship among the variables. Finally, we employed the panel nonlinear autoregressive distributed lag approach to estimate the coefficient values. Generally, the empirical findings demonstrate that industrial production asymmetrically influences carbon emissions both in the short and long-runs. Specifically, the long-run estimates indicate that a positive shock in industrial production of 1% induces an increase in carbon emissions by 0.213%, while a negative shock induces a 0.390% decrease in carbon emissions. Based on these results, there is a need for policymakers in the selected Sub-Saharan African countries to consider the asymmetric behavior of industrial production while formulating industrialization policies. These policies should also be based on the condition of adopting green technology forms of energy. JEL Classification O14, Q5, Q54
{"title":"Asymmetric Nexus Between \u2028Industrial Production and Carbon Emissions: Empirics from \u2028Sub-Saharan Africa","authors":"Abdallah Abdul-Mumuni, J. K. Amoh, Abubakar Musah","doi":"10.1177/09749101241238643","DOIUrl":"https://doi.org/10.1177/09749101241238643","url":null,"abstract":"While previous panel studies have focused on the linear specifications of the industrial production-carbon emissions nexus, nonlinear panel studies on this relationship remain thin on the ground. This article examines the asymmetric nexus between industrial production and carbon emissions in 30 selected Sub-Saharan African countries spanning from 1990 to 2019. In the presence of cross-sectional dependence, the second-generation unit root tests were applied to examine the unit-root properties. The cointegration tests results confirm the presence of a long-run relationship among the variables. Finally, we employed the panel nonlinear autoregressive distributed lag approach to estimate the coefficient values. Generally, the empirical findings demonstrate that industrial production asymmetrically influences carbon emissions both in the short and long-runs. Specifically, the long-run estimates indicate that a positive shock in industrial production of 1% induces an increase in carbon emissions by 0.213%, while a negative shock induces a 0.390% decrease in carbon emissions. Based on these results, there is a need for policymakers in the selected Sub-Saharan African countries to consider the asymmetric behavior of industrial production while formulating industrialization policies. These policies should also be based on the condition of adopting green technology forms of energy. JEL Classification O14, Q5, Q54","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"104 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140748773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-06DOI: 10.1177/09749101231223796
E. Santalla, Juan Ressia, V. Córdoba, Laura Lázaro
This study estimates the energy costs and greenhouse gas emissions for the production and the processing for thermal use of Giant reed ( Arundo donax L.), a second-generation perennial energy crop. The agronomic study took place in Buenos Aires (Argentina) under humid to subhumid climatic conditions. Rhizomes and in vitro micropropagated plantlets were employed and cultivated under both fertilization and rainfed conditions during 2018–2022. The yield demonstrated a substantial increase from 3.8 t/ha to 23.1 t/ha from implantation to crop setting. Throughout this period, the energy input escalated from 23 to 70 GJ/ha, with the planting phase exhibiting the highest energy intensity. This surge can be attributed to the use of herbicides, accounting for 44.1%–61.3% of the energy consumed. Energy outputs were 17 (±0.19) MJ/kg as the low heating value obtained from the biomass elemental composition. The net energy yield for the 10-year lifecycle resulted in 2851.3 (±20.2) GJ/ha, and the output/input ratio varied from 41 (for pellets) to 126 (for chips). Carbon emissions ranged from 343.9 (for plantlets) to 371.9 (for rhizomes) kg CO2e/ha during the implantation stage, resulting in 208.3, 397.6, and 859.6 kg CO2e/ha for chips, bales, and pellets, respectively. This study reinforced the knowledge about the farming of this energy crop and displayed a promising scenario for the sustainable development of the Arundo donax L. based value chain. JEL Classification Q4, Q43, Q56
{"title":"Energy Costs andGreenhouse Gas Emissions of Giant Reed (Arundodonax L.) Production for Use as a Bioenergy Vector","authors":"E. Santalla, Juan Ressia, V. Córdoba, Laura Lázaro","doi":"10.1177/09749101231223796","DOIUrl":"https://doi.org/10.1177/09749101231223796","url":null,"abstract":"This study estimates the energy costs and greenhouse gas emissions for the production and the processing for thermal use of Giant reed ( Arundo donax L.), a second-generation perennial energy crop. The agronomic study took place in Buenos Aires (Argentina) under humid to subhumid climatic conditions. Rhizomes and in vitro micropropagated plantlets were employed and cultivated under both fertilization and rainfed conditions during 2018–2022. The yield demonstrated a substantial increase from 3.8 t/ha to 23.1 t/ha from implantation to crop setting. Throughout this period, the energy input escalated from 23 to 70 GJ/ha, with the planting phase exhibiting the highest energy intensity. This surge can be attributed to the use of herbicides, accounting for 44.1%–61.3% of the energy consumed. Energy outputs were 17 (±0.19) MJ/kg as the low heating value obtained from the biomass elemental composition. The net energy yield for the 10-year lifecycle resulted in 2851.3 (±20.2) GJ/ha, and the output/input ratio varied from 41 (for pellets) to 126 (for chips). Carbon emissions ranged from 343.9 (for plantlets) to 371.9 (for rhizomes) kg CO2e/ha during the implantation stage, resulting in 208.3, 397.6, and 859.6 kg CO2e/ha for chips, bales, and pellets, respectively. This study reinforced the knowledge about the farming of this energy crop and displayed a promising scenario for the sustainable development of the Arundo donax L. based value chain. JEL Classification Q4, Q43, Q56","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"263 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139858458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-06DOI: 10.1177/09749101231223796
E. Santalla, Juan Ressia, V. Córdoba, Laura Lázaro
This study estimates the energy costs and greenhouse gas emissions for the production and the processing for thermal use of Giant reed ( Arundo donax L.), a second-generation perennial energy crop. The agronomic study took place in Buenos Aires (Argentina) under humid to subhumid climatic conditions. Rhizomes and in vitro micropropagated plantlets were employed and cultivated under both fertilization and rainfed conditions during 2018–2022. The yield demonstrated a substantial increase from 3.8 t/ha to 23.1 t/ha from implantation to crop setting. Throughout this period, the energy input escalated from 23 to 70 GJ/ha, with the planting phase exhibiting the highest energy intensity. This surge can be attributed to the use of herbicides, accounting for 44.1%–61.3% of the energy consumed. Energy outputs were 17 (±0.19) MJ/kg as the low heating value obtained from the biomass elemental composition. The net energy yield for the 10-year lifecycle resulted in 2851.3 (±20.2) GJ/ha, and the output/input ratio varied from 41 (for pellets) to 126 (for chips). Carbon emissions ranged from 343.9 (for plantlets) to 371.9 (for rhizomes) kg CO2e/ha during the implantation stage, resulting in 208.3, 397.6, and 859.6 kg CO2e/ha for chips, bales, and pellets, respectively. This study reinforced the knowledge about the farming of this energy crop and displayed a promising scenario for the sustainable development of the Arundo donax L. based value chain. JEL Classification Q4, Q43, Q56
{"title":"Energy Costs andGreenhouse Gas Emissions of Giant Reed (Arundodonax L.) Production for Use as a Bioenergy Vector","authors":"E. Santalla, Juan Ressia, V. Córdoba, Laura Lázaro","doi":"10.1177/09749101231223796","DOIUrl":"https://doi.org/10.1177/09749101231223796","url":null,"abstract":"This study estimates the energy costs and greenhouse gas emissions for the production and the processing for thermal use of Giant reed ( Arundo donax L.), a second-generation perennial energy crop. The agronomic study took place in Buenos Aires (Argentina) under humid to subhumid climatic conditions. Rhizomes and in vitro micropropagated plantlets were employed and cultivated under both fertilization and rainfed conditions during 2018–2022. The yield demonstrated a substantial increase from 3.8 t/ha to 23.1 t/ha from implantation to crop setting. Throughout this period, the energy input escalated from 23 to 70 GJ/ha, with the planting phase exhibiting the highest energy intensity. This surge can be attributed to the use of herbicides, accounting for 44.1%–61.3% of the energy consumed. Energy outputs were 17 (±0.19) MJ/kg as the low heating value obtained from the biomass elemental composition. The net energy yield for the 10-year lifecycle resulted in 2851.3 (±20.2) GJ/ha, and the output/input ratio varied from 41 (for pellets) to 126 (for chips). Carbon emissions ranged from 343.9 (for plantlets) to 371.9 (for rhizomes) kg CO2e/ha during the implantation stage, resulting in 208.3, 397.6, and 859.6 kg CO2e/ha for chips, bales, and pellets, respectively. This study reinforced the knowledge about the farming of this energy crop and displayed a promising scenario for the sustainable development of the Arundo donax L. based value chain. JEL Classification Q4, Q43, Q56","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"76 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139798663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-29DOI: 10.1177/09749101231196123
Bashir Adelowo Wahab, Adamu Jibir, Musa Abdu
The need for promoting entrepreneurship stems from the efforts to provide long-lasting solutions to the challenges of poverty and unemployment. This becomes even more crucial in worldwide crises such as the COVID-19 pandemic. The COVID-19 pandemic has not only had a momentous effect on businesses and economies but has also driven us to recognize the importance of entrepreneurship. This study explores the combination of important entrepreneurial and household factors that drive the growth of new businesses during and after the crisis. This study applies the Round 2 data from the Nigeria National Longitudinal Phone Survey Phase 2 conducted by the National Bureau of Statistics in collaboration with the World Bank between November 2021 and August 2022. The logistic regression model analyzes how job loss due to the pandemic correlates with the probability of household heads starting and operating an enterprise immediately after the pandemic and the probability for the existing household entrepreneurs to innovate. The findings show that necessity-driven entrepreneurship became effective immediately after the COVID-19 pandemic in Nigeria, and innovation and opportunity recognition were more relevant as success factors during periods of crisis than during regular times. This is because the crisis produced a new set of highly competitive and strategic entrepreneurs that quickly adapted to new situations or conditions through their innovative capacity. Several policy recommendations derived from the study’s empirical findings are discussed in the conclusion section of the article. JEL Classification I1, D1, L26, F44, C35, N97
{"title":"COVID-19 Pandemic and Household Entrepreneurship in Nigeria: Do Crises Create Necessity-driven and/or Innovative Entrepreneurship?","authors":"Bashir Adelowo Wahab, Adamu Jibir, Musa Abdu","doi":"10.1177/09749101231196123","DOIUrl":"https://doi.org/10.1177/09749101231196123","url":null,"abstract":"The need for promoting entrepreneurship stems from the efforts to provide long-lasting solutions to the challenges of poverty and unemployment. This becomes even more crucial in worldwide crises such as the COVID-19 pandemic. The COVID-19 pandemic has not only had a momentous effect on businesses and economies but has also driven us to recognize the importance of entrepreneurship. This study explores the combination of important entrepreneurial and household factors that drive the growth of new businesses during and after the crisis. This study applies the Round 2 data from the Nigeria National Longitudinal Phone Survey Phase 2 conducted by the National Bureau of Statistics in collaboration with the World Bank between November 2021 and August 2022. The logistic regression model analyzes how job loss due to the pandemic correlates with the probability of household heads starting and operating an enterprise immediately after the pandemic and the probability for the existing household entrepreneurs to innovate. The findings show that necessity-driven entrepreneurship became effective immediately after the COVID-19 pandemic in Nigeria, and innovation and opportunity recognition were more relevant as success factors during periods of crisis than during regular times. This is because the crisis produced a new set of highly competitive and strategic entrepreneurs that quickly adapted to new situations or conditions through their innovative capacity. Several policy recommendations derived from the study’s empirical findings are discussed in the conclusion section of the article. JEL Classification I1, D1, L26, F44, C35, N97","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"19 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136134966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-05DOI: 10.1177/09749101231194194
Hyeladi Stanley Dibal, Habila Abel Haruna, Chinyere C. Onyejiaku, Ogbole Friday Ogbole, Josaphat Uchechukwu J. O nwumere
Pension fund investment is a significant source of finance for the capital market in Nigeria. It increases the availability of funds for firms to acquire for expansion, stimulating economic growth and development. However, high inflation rates can have a negative impact on the effectiveness of pension fund investment in the capital market in Nigeria. This study investigates whether inflation enhances or reduces the effect of pension fund investment on capital market development in Nigeria. Monthly time series data from January 2013 to February 2020 were utilized using the ARDL model. The findings revealed that pension fund investments have a long- and short-run effect on capital market development in Nigeria. Our study also established that inflation reduces the negative impact of total domestic debt securities on total market capitalization both in the long- and short-run, which is the novelty of this study. The study contributes to the Modern Portfolio Theory, thereby establishing the role of inflation in determining the effect of pension fund investment on capital market development in Nigeria. JEL Classification G10, G23
{"title":"Pension Fund Investments and Capital Market Development in Nigeria: The Moderating Role of Inflation","authors":"Hyeladi Stanley Dibal, Habila Abel Haruna, Chinyere C. Onyejiaku, Ogbole Friday Ogbole, Josaphat Uchechukwu J. O nwumere","doi":"10.1177/09749101231194194","DOIUrl":"https://doi.org/10.1177/09749101231194194","url":null,"abstract":"Pension fund investment is a significant source of finance for the capital market in Nigeria. It increases the availability of funds for firms to acquire for expansion, stimulating economic growth and development. However, high inflation rates can have a negative impact on the effectiveness of pension fund investment in the capital market in Nigeria. This study investigates whether inflation enhances or reduces the effect of pension fund investment on capital market development in Nigeria. Monthly time series data from January 2013 to February 2020 were utilized using the ARDL model. The findings revealed that pension fund investments have a long- and short-run effect on capital market development in Nigeria. Our study also established that inflation reduces the negative impact of total domestic debt securities on total market capitalization both in the long- and short-run, which is the novelty of this study. The study contributes to the Modern Portfolio Theory, thereby establishing the role of inflation in determining the effect of pension fund investment on capital market development in Nigeria. JEL Classification G10, G23","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"82 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134975095","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：