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PurposeThis study aims to propose a systematic knowledge management model to explore the causal links leading to the organizational crisis preparedness (OCP) level of integrated resorts (IRs) during the COVID-19 pandemic based on the intangible capital of organizational climate, dynamic capability, substantive capability and commitment.Design/methodology/approachThe authors use data obtained from IRs in Macau. The Wuli–Shili–Renli (WSR) approach underpins the study. Structural equation modeling following fuzzy-set qualitative comparative analysis (fsQCA) was used for data processing.FindingsThe results showed that organizational climate has an essential role in IRs preparedness for crises and affects their dynamic capacity, substantive capacity and commitment. The fsQCA results revealed that the relationships between conditions with a higher level of dynamic and substantive capability lead to higher OCP scores.Practical implicationsExecutives should develop systemic thinking regarding organization preparedness in IRs for crisis management. A comprehensive understanding of the IRs' business environment and crises is necessary, as they will require different factor constellations to allow the organization to perform well in a crisis. Financial support for employees could ensure their assistance when dealing with such situations. Rapid response teams should be set up for daily operations and marketing implementation of each level of the IRs management systems.Originality/valueThis study contributes to the extant literature on IRs crisis management in the OCP aspect. The authors constructed a systematic composite picture of organization executives' knowledge management through the three layers of intangible capitals in WSR. Moreover, the authors explored causal links of WSR from symmetric and asymmetric perspectives.
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At present, due to the COVID-19, China's social and economic development has slowed down. Some life service e-commerce platforms have successively launched "contactless delivery" services, which can effectively curb the spread of the epidemic. Robot distribution is the current mainstream, but robots are different from people and need to have accurate program settings. Both path planning and obstacle avoidance are currently top issues. This requires the mobile robot to successfully arrive at the destination while minimizing the impact on the surrounding environment and pedestrians, and avoiding encroachment on the movement space of pedestrians. Therefore, the mobile robot needs to be able to actively avoid moving pedestrians in a dynamic environment, in addition to avoiding static obstacles, and safely and efficiently integrate into the pedestrian movement environment. In this paper, the path planning problem of unmanned delivery robot is studied, and the path of mobile robot in the crowd is determined by global planning and local planning, and the matlab simulation is used for verification. © The Authors. Published under a Creative Commons Attribution CC-BY 3.0 License.
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China began to implement marine economic development pilot policies from 2011 in order to promote land and marine development in a coordinated way, transform and optimize marine industrial layout, formulate and improve the policy and institutional construction of ocean development, promote marine economic power strategy, and improve the level of regional economic resilience in coastal area. Tourism industry is an important part of regional economy of coastal areas. Taking the marine economic development pilot policies as a quasi-natural experiment and based on the panel data of cities in coastal areas of China from 2007 to 2020, a multi-period difference-in-differences (DID) model was used to assess the impact of these pilot policies on regional economic resilience and tourism economic resilience. The results show that the implementation of marine economic development pilot policies can significantly promote regional economic resilience and tourism economic resilience. COVID-19, as a moderating variable, has significantly weakened the effect of marine economic development pilot policies on regional economic resilience. In terms of regional heterogeneity, the establishment of marine economic development pilots has a more significant policy effect on regional economic resilience in the central and southern coastal areas, while the policy effect on tourism economic resilience is more significant in the eastern coastal areas. In view of these findings, it is of great significance for cities to prevent systemic risks and improve regional economic resilience, by means of reasonably expanding marine economic development pilots and planning coastal regional economic systems according to local conditions. © 2023, Editorial office of PROGRESS IN GEOGRAPHY. All rights reserved.
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Organizations, societies, and economies are the scope of sustainability in every community. The growing realization of electronically-enabled business as critical drivers of sustainable economic growth and development especially during crisis is no doubt propelling nations into harnessing the benefits of enterpreneural transformation in the 21st century and post covid-19 era. Teleworking and Telecommuting are technologies that have the ability to enable ubiquitous digital service transmissions needed to combat and curtail the prevalence of pandemics such as Covid-19. Capabilities of telecommuting can be effectively utilized to address the challenges associated with Covid-19 presently and in the post covid-19 era including threats in war-turned geographical spaces. However, there is the paucity of such knowledge, orientation and awareness amongst entrepreneurs, industries and companies in developing countries like Nigeria. This lacuna, if properly bridged will help unpack the link between production, consumption and service delivery in an emerging economy. This paper examines the notional impact of the concept of telecommuting and teleworking as a mechanism for a sustainable economic transformation and global repositioning of the work force beyond the covid crisis. Furthermore, it analyzes and juxtaposes the readibility of business environments to ensure their employee's safety in the work place and remote working, thus providing continuity to economic, productive and business activity. This conceptual study uses the interpretive paradigm, through deductive analysis to draw the conclusion that there is a very poor level of deployment of telecommuting and teleworking models in countries like Nigeria during crisis and pandemics and therefore recommends that organizations adopt this mechanism to propel safety of the workforce and reduce cost. With the approval for the operation of the 5G network in the Nigerian telecommunications space, entrepreneurs can explore the gains to sustain remote working or working from home in the post-covid-19 era.
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This paper explores the key principles of economic development in a pandemic. It does so by drawing on the lessons learned through the economic response to the COVID-19 pandemic in the Australian city of Melbourne. Melburnians experienced 263 days largely confined to their homes, one of the longest lockdown periods in the world, resulting in deserted city streets and a devastated central city economy. The experience forced the City of Melbourne to adopt a range of unique and innovative responses, first to keep businesses afloat during lockdown, and then to reactivate the city. Melbourne did this while keeping a focus on longer-term economic development. This somewhat unique experience makes Melbourne a useful case study informing best-practice economic development in a pandemic. Key lessons emerging from Melbourne's experience include the need to respond and iterate rapidly, the importance of collaboration with stakeholders and other tiers of government, and the need to maintain a focus on multiple time horizons, even in the midst of the crisis. These insights are potentially transferrable to economic development responses to other crises, including those catalysed by climate change. © 2023, Henry Stewart Publications. All rights reserved.
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In December 2019, a novel coronavirus broke out in Wuhan City, Hubei Province, and, as the center of the coronavirus disease 2019 (COVID-19) epidemic, the economy and production throughout Hubei Province suffered huge temporary impacts. Based on the input–output and industrial pollution emissions data of 33 industrial industries in Hubei from 2010 to 2019, this article uses the non-parametric frontier analysis method to calculate the potential production losses and compliance costs caused by environmental regulations in Hubei's industrial sector by year and industry. Research has found that the environmental technology efficiency of the industrial sector in Hubei is showing a trend of increasing year-on-year, but the overall efficiency level is still not high, and there is great room for improvement. The calculation results with and without environmental regulatory constraints indicate that, generally, production losses and compliance costs may be encountered in the industrial sector in Hubei, and there are significant differences by industry. The potential production losses and compliance costs in pollution-intensive industries are higher than those in clean production industries. On this basis, we propose relevant policy recommendations to improve the technological efficiency of Hubei's industrial environment, in order to promote the high-quality development of Hubei's industry in the post-epidemic era.
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Sustainable agriculture is the backbone of food security systems and a driver of human well-being in global economic development (Sustainable Development Goal SDG 3). With the increase in world population and the effects of climate change due to the industrialization of economies, food security systems are under pressure to sustain communities. This situation calls for the implementation of innovative solutions to increase and sustain efficacy from farm to table. Agricultural social networks (ASNs) are central in agriculture value chain (AVC) management and sustainability and consist of a complex network inclusive of interdependent actors such as farmers, distributors, processors, and retailers. Hence, social network structures (SNSs) and practices are a means to contextualize user scenarios in agricultural value chain digitalization and digital solutions development. Therefore, this research aimed to unearth the roles of agricultural social networks in AVC digitalization, enabling an inclusive digital economy. We conducted automated literature content analysis followed by the application of case studies to develop a conceptual framework for the digitalization of the AVC toward an inclusive digital economy. Furthermore, we propose a transdisciplinary framework that guides the digitalization systematization of the AVC, while articulating resilience principles that aim to attain sustainability. The outcomes of this study offer software developers, agricultural stakeholders, and policymakers a platform to gain an understanding of technological infrastructure capabilities toward sustaining communities through digitalized AVCs.
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PurposeThis paper presents a systematic review of the literature in the domain of maritime disruption management, upon which future research framework and agenda are proposed. Two review questions, i.e. the measures that are employed to manage disruptions and how these contribute to resilience performance, were pursued.Design/methodology/approachThe systematic literature review procedure was strictly followed, including identification and planning, execution, selection and synthesis and analysis. A review protocol was developed, including scope, databases and criteria guiding the review. Following this, 47 articles were eventually extracted for the systematic review to identify themes for not only addressing the review questions but also highlighting future research opportunities.FindingsIt was found that earlier studies mainly focused on measures, which are designed using mathematical models, management frameworks and other technical support systems, to analyse and evaluate risks, and their impacts on maritime players at the levels of organisation, transport system and region in which the organisation is embedded. There is, however, a lack of research that empirically examines how these measures would contribute to enhancing the resilience performance of maritime firms and their organisational performance as a whole. Subsequently, a Digitally Embedded and Technically Support Maritime Disruption Management (DEST-MDM) model is proposed.Research limitations/implicationsThis review is constrained by studies recorded by the Web of Science only. Nevertheless, the proposed research model would expectedly contribute to enhancing knowledge building in the specific domain of maritime disruption management and supply chain management overall while providing meaningful managerial implications to policymakers and managers in the maritime industry.Originality/valueThis research is perhaps one of the first studies which presents a systematic review of literature in maritime disruption management and proposes a future research framework that establishes the link between disruption management and resilience and organisational performance for empirical validation.
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The purpose of the study is to identify the specifics of the socio-economic development of the countries during the COVID-19 pandemic, as well as to determine effective tools for overcoming the crisis phenomena in the economy. The study of the growth rate of gross domestic product calculated by the expenditure method and the number of cases of coronavirus diseases were the grounds for sampling countries for the following analysis. The analysis of socio-economic indicators and identification of the development's specifics during the pandemic is carried out on the example of the United States, France, Great Britain, Spain, Italy, and Germany. Based on the analysis, the authors concluded that the least effective implementation of anti-COVID measures is in Italy and Spain, as a result of the lack of effective programs to support lending to the real sector, state support for companies in terms of maintaining employment, and making investments to support business. The German public administration system effectively used a package of anti-crisis measures based on the balance of increasing budget and extra-budgetary infusions into the economy, easing monetary policy, so the country managed to maintain investment activity at the pre-crisis level and create a serious basis for the subsequent recovery from the global economic crisis. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022.
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Tourism in Africa has experienced not only strong growth in terms of arrivals, but also in terms of expenditures and revenues and this has been driven primarily by a high number of international arrivals. The chapter examines some of Africa's high growth tourism markets with the largest international tourism receipts and compounded growth of approximately 6% per year. The chapter examines the multiple types of tourism and its economic benefit in terms of supporting national gross domestic product (GDP) growth. Tourism should be developed for its potential to enhance economies. Important aspects amongst tourism's benefits are that;it boosts economic regeneration;it offers a future, meaning that it holds out a promise for growth;it is one of the fastest growing economic activities;and it is a key driver towards economic growth. The tourism industry can provide considerable benefits to host communities through economic development, infrastructures development and as a medium for protecting the environment and culture. The chapter concludes by examining the future growth of the aviation industry, discusses international regulations and how this will affect tourism within the African region. The impact of COVID-19 on the tourism sector is revisited and discusses the overall impact on the travel and tourism industry. Finally, analysis on climate and environment is discussed and the International Civil Aviation Organization provides recommendations for the air transport industry to combat climate change and reduce carbon dioxide (CO2) emissions. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
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In Sri Lanka, womens labor force participation has never exceeded 35% in over three decades. As of 2022, the country was ranked 110 out of 146 countries in the World Economic Forums Gender Gap Index. The gaps in womens participation in the formal economy alongside womens limited political empowerment are two leading causes for the country to be lagging in such global gender equality indicators. At a large cost to the economy, the existence of archaic gender norms that promulgate womens unpaid care work often exclude women from the formal labor force. This paper dissects the socio-economic and socio-political factors that lead to the invisibility of women in Sri Lankas economy, while seeking to understand how such underlying causes have been aggravated within the precarity of the post-pandemic context. It is important, now more than ever, to recognize the invisibility of women in Sri Lankas formal economy, while bringing about a transformative vision with a multi-pronged approach to address existing gaps and challenges. With reference to key principles of feminist economics, including the theoretical foundations of Claudia Goldin, Nancy Folbre, and Diane Elson, among others, the paper will make a case for inclusivity and intersectionality in policy recommendations aimed at encouraging womens entry, active engagement, contribution, and retention in Sri Lankas economy. The paper reaches a conclusion that when women lead, participate, and benefit equally in all aspects of life, societies and economies will thrive, thereby contributing to sustainable development and inclusive economic growth.
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State aid is a fairly common phenomenon in the European Union, and, in the context of the COVID-19 pandemic, the number of companies receiving state aid has even increased. However, scientific research confirms that, depending on the macroeconomic, political and social situation as well as on industry specifics, state aid can have a dual effect -positive or negative. To date, there is no clear answer to the question of what impact and under which conditions state aid has on national economies in the long run. This article contributes to filling a gap in the literature because to date researchers have focused on the cases of large, heavily populated European Union countries, but the research into the impact of state aid on the Central and Eastern EU economies, where the level of state aid as percentage of GDP is higher than the EU average, is still scarce. In addition, the mixed results obtained in previous studies caused confusion over the effects of state aid and its relevance for economic development. In our research, we applied correlation analysis, Granger causality test, ARDL, PTR models and evaluation of multipliers for the analysis of the panel data set representing 11 Central and Eastern EU countries over a 20-year period (from 2000 to 2019). We found that state aid does not promote economic development in most Central and Eastern EU countries under certain conditions in the long term. This paper contributes to a deeper understanding of the state aid-economic development relationship at the national level in the Central and Eastern Europe and has implications for policy makers.
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Before the pandemic, the economic development of Micro, Small and Medium-sized Enterprises (MSME) in Latin America showed gradual signs of recovery after the problems that occurred in years 2009 and 2016. As of 2017, Mexico maintained a growing inflation of 5% on average, the price of energy increased 20%, an external debt growth of 12% and a GDP lesser than 1.6% per year (Banco Mundial, 2020), (OCDE, 2019), (INEGI, 2018). By the end of 2019, SARS-CoV-2 (COVID - 2019) evidenced failure factors that exacerbated the permanence of MSMEs, since closed more than 30.6% of them (Naciones Unidas, 2021). In this research, these factors are discussed, by compiling information on economic behavior, and quantitative studies of the commercial, manufacturing and services sectors. To identify these factors, 246 Mexican MSMEs that closed between September 2019 and December 2020 were selected using stratified random sampling. The results showed failure factors associated with the capabilities of the administrator and internal aspects of the company, among which the lack of vision to identify new businesses and little knowledge of Information Technology stand out. © 2023 Russell Sage Foundation. Lewis-McCoy, R. L'Heureux, Natasha Warikoo, Stephen A. Matthews, and Nadirah Farah Foley. 2023.
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In 2022–2023, China is entering a new stage of its development. The combination of a number of crisis-con-taining factors increases the likelihood of a large-scale socio-economic shock. Partly man-made excessive slowdown in economic development due to the "Zero COVID policy”, the ongoing and escalating US-Chinese rivalry and, in particular, the "technological war”, the over-concentration of power after the 20th Congress of the CPC, as well as the growing tension around the Taiwan problem – all together, or with the imposition of just two or three components, can lead to serious negative socio-economic consequences that will put into question Beijing's achievement of its second "centennial goal” – the establishment of the PRC as one of the leading world powers by 2049. With the exception of the domestic political sphere, China is trying to find answers to the above-mentioned challenges. In late 2022 – early 2023, Beijing removes anti-coronavirus restrictions, activates trade and economic cooperation in various formats, attempts to find out common ground between Chinese and American global interests, continues to make efforts in the European (also African, Asian, etc.) direction of its foreign policy, as well as emphasizes the high level of Russian-Chinese cooperation. At the same time, trying to provide answers to crisis-containing factors, Beijing faces both opportunities and limitations. The coming year or two seem to be most difficult for China over the last 20 years. The slowdown in the economy and domestic consumption, social protests, new challenges of the pandemic, the search for options to normalize relations with the United States, balancing between the West and Russia against the background of the Ukrainian crisis, etc. will require non-standard solutions from the Chinese leadership. Here we can expect both traditional successes and possible failures. In the near future, the political model chosen by Beijing at the 20th CPC Congress will be tested for effectiveness. © 2023 Vasily V. MIKHEEV.
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This paper analyzes the effect of remittance inflows on external debt in developing countries, by identifying international reserves as a potential transmission channel. Using panel data over the period 1970–2017 and covering 50 low-and middle-income countries worldwide, we find a positive and significant effect of remittance inflows on the external debt-to-GDP ratio. We also find a negative and significant effect of international reserves on external debt. After controlling for international reserves, the effect of remittance inflows on external debt increases;it remains positive and significant. The results suggest that the role of international reserves as a self-insurance mechanism, and the Dutch disease effect related to remittance inflows are at play. In addition, we find negative and significant effects of economic growth and savings-investment gap on external debt. We also find positive and significant effects of the nominal exchange rate and the United States lending interest rate on external debt. We discuss the policy implications of these findings, while highlighting factors that policymakers should focus on for containing external debt in developing countries in the post-COVID-19.
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To regain overall well-being in the post-pandemic era, the priorities should not be only economic growth but also human physical and mental health. This study investigates how to incorporate the concept of well-being into the circular economy to facilitate the pursuit of individual/personal and social growth, and sustainable consumption. We begin with a systematic search of the literature on well-being and sustainable product–service systems, model the well-being components in peer-to-peer (P2P) sharing and reuse platforms, and propose design guidelines for platform development. According to our findings, (1) allocentric well-being components (such as gratitude, contribution, and altruism) serve as the antecedents of sharing behaviors, while egocentric components (such as pleasure and attachment) serve as the consequences, and (2) information sharing is crucial to initiating the flow of well-being perceptions and sustainable sharing and reuse behaviors. Based on the findings, we suggest a data-driven approach and active inference theory to facilitate related studies. This study sheds light on the potential to develop well-being within the circular economy and facilitate the sustainable working of the sharing and reuse ecosystem.
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The development of sharia tourism in Indonesia has some extraordinary challenges and obstacles throughout 20202022 due to the Covid-19 pandemic. On the other hand, the 2019 gMtI data shows that by 2030, the number of Muslim tourists is projected to exceed 230 million worldwide. The opportunities, challenges, and obstacles shown in the development of sharia tourism require stakeholder follow-up as part of the growth of the sharia economy in the country. This study offers a theoretical framework for economic growth built on dynamic cycle theory because very few studies investigate it. Even though it is imperative to consider an analysis of economic growth with a dynamic cycle that focuses on the halal tourism sector because it is known to make a significant contribution that supports sustainable development conditions and vice versa. This study investigates one of the Islamic tourism development models originating from Ibn Khaldun's thoughts regarding the concept of the state relating to justice to obtain wealth in economic activity (through trade). The research method used is a literature study using content analysis that focuses on the thoughts of Ibn Khaldun as contained in his work entitled Muqadimmah and several relevant previous literatures. The findings reveal that there are two important points. First, Ibnu Khaldun proposes a framework to help countries face challenges of growth or problems of back-and-forth economic development including a dynamic cycle. The framework is based on a proposition of eight principles from a policy known as the eight wise principles or sentence hikammiyah consisting of sovereign power (al-mulk), sharia, human resources (ar-rijal), property (al-mal), development (al-imarah), justice (al-adl), a yardstick (al-mizan), and responsibility are cycles that occur with different durations. So in the end created three generations. Second, if Ibn Khaldun's thoughts about the eight principles of justice policy are embodied in sharia tourism development policies that are supported by the role of human resources, it will affect the reversal of sharia economic growth. It can be concluded that the dynamic cycle can support the development of sharia tourism and have an impact on sharia economic growth as long as the eight policy principles are implemented correctly according to sharia. Stakeholders need to consider the dynamic cycle for future sharia tourism development policies.
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COVID-19 pandemic brought up issues with healthcare costs, national economic development and welfare of the society in forefront. Nations across the globe followed different approaches to deal with COVID-19, such as zero tolerance, herd immunity, containment to build treatment capability. National healthcare became a contentious sociopolitical issue involving healthcare costs, technologies and societal health. In the United States even during the COVID-19 pandemic, the government approach was pursuing a sustainable improvement in patient care through adoption of medical and information technologies. The national healthcare policies are framed around technological interventions with the assumption that deployment of technologies could keep healthcare costs under control and at the same time improve health outcomes. However, evidences show that the healthcare costs are in the rise even with impressive progress in technological deployment. This article highlights some of the recent trends in healthcare costs, technological preparedness, medical technology developments in managing COVID-19 pandemic. The US government mandated electronic health record (EHR) systems implementation and assess its impact on healthcare costs and health outcomes. This article emphasizes the need for understanding the interconnectedness of costs, technology and societal health.
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The objective of the study was to identify the impact of renewable energy on Saudi economy during 2000-2021. Analytical techniques were used to conduct this study. An analysis of the study used a set of variables, in which Renewable energy perceives as independent variable and the dependent variables are GDP per capita, net foreign direct investment, unemployment, fixed capital formation, and net foreign trade. The data of the study were analyzed using the E-views program. According to the study, renewable energy has an impact on certain economic variables and does not have an impact on others. A partial validity is found for the study's central hypothesis. According to our findings, renewable energy contributes significantly to net foreign direct investment, unemployment, and fixed capital formation, but not to GDP per capita, net foreign trade, or fixed capital formation.
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In this study, which is based on daily data, the relationship between BIST electricity index and BIST tourism index was measured between 2012:M9 – 2022:M9 periods. The aim of the study is to measure the relationship between BIST electricity index and BIST tourism index. VAR Granger causality test was applied to determine whether there is any causal relationship between the variables. It has been determined as a result of the analysis that the BIST electricity index has no effect on the BIST tourism index. Two-way ineffectiveness was determined among the variables. In addition, it was obtained as a result of the analysis that the applied correlation relationship was weak between these variables. The results obtained from the study are important in terms of measuring the effects among BIST indices.