Manu Sharma, Geetilaxmi Mohapatra and Arun Kumar Giri
The main purpose of the present research is to explore the possible effectiveness of information and communication technology (ICT), infrastructure development, exchange rate and…
Abstract
Purpose
The main purpose of the present research is to explore the possible effectiveness of information and communication technology (ICT), infrastructure development, exchange rate and governance on inbound tourism demand using time series data in India.
Design/methodology/approach
The stationarity of the variables is checked by using the ADF, PP and KPSS unit root tests. The paper uses the Bayer-Hanck and auto-regressive distributed lag (ARDL) bounds testing approach to cointegration to examine the existence of long-run relationships; the error-correction mechanism for the short-run dynamics and the vector error correction method (VECM) to test the direction of causality.
Findings
The findings of the research indicate the presence of cointegration among the variables. Further, long-run results indicate infrastructure development, word-of-mouth and ICT have a positive and significant linkage with international tourist arrivals in India. However, ICT has a positive and significant effect on tourist arrivals in the short run as well. The VECM results indicate long-run unidirectional causality from infrastructure, ICT, governance and exchange rate to tourist arrivals.
Research limitations/implications
This study implies that inbound tourism demand in India can be augmented by improving infrastructure, governance quality and ICT penetration. For an emerging country like India, this may have far-reaching implications for sustaining and improving tourism sector growth.
Originality/value
This paper is the first of its kind to empirically examine the impact of ICT, infrastructure and governance quality in India using modern econometric techniques. Inbound tourism demand research aids government and policymakers in developing effective public policies that would reposition India to gain from a highly competitive global tourism industry.
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Anushka Verma and Arun Kumar Giri
The present study examines the significance of financial inclusion in reducing income inequality in the Asian context.
Abstract
Purpose
The present study examines the significance of financial inclusion in reducing income inequality in the Asian context.
Design/methodology/approach
This study uses panel estimation techniques such as the Pedroni cointegration test, Kao residual-based test, FMOLS, ARDL and Granger causality, a dataset consisting of the Gini coefficient index, three dimensions of financial inclusion measures and one added variable on financial depth, spanning from 2005 to 2019.
Findings
The study finds that in the long-run, income inequality disparity is highly influenced by financial inclusion indicators, such as the number of bank branches, deposit accounts, outstanding loans and domestic credit to the private sector. Whereas in the short run, disparities in income are unaffected by all the indicators of financial inclusion. Further, unidirectional causality from financial inclusion indicators to income inequality necessitates the need for policymakers to design policies and programs that would enhance access to financial services as an essential mechanism to reduce income disparity.
Originality/value
Studies based on a panel of Asian countries that have undergone impressive growth of financial inclusion initiatives since the past decade—but are still facing widening income inequality—are conspicuously rare in the literature. The empirical analysis fills this void by showing the significant role financial inclusion indicators play in steering the Asian economies toward income equality throughout the study period.
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Karambir Singh Dhayal, Arun Kumar Giri, Rohit Agrawal, Shruti Agrawal, Ashutosh Samadhiya and Anil Kumar
Industries have been the most significant contributor to carbon emissions since the beginning of the Industrial Revolution. The transition to Industry 5.0 (I5.0) marks a pivotal…
Abstract
Purpose
Industries have been the most significant contributor to carbon emissions since the beginning of the Industrial Revolution. The transition to Industry 5.0 (I5.0) marks a pivotal moment in the industrial revolution, which aims to reconcile productivity with environmental responsibility. As concerns about the decline of environmental quality increase and the demand for sustainable industrial methods intensifies, experts recognize the shift toward the I5.0 transition as a crucial turning point.
Design/methodology/approach
This review study explores the convergence of green technological advancements with the evolving landscape of I5.0, thereby presenting a roadmap toward carbon neutrality. Through an extensive analysis of literature spanning from 2012 to 2024, sourced from the Scopus database, the research study unravels the transformative potential of green technological innovations, artificial intelligence, green supply chain management and the metaverse.
Findings
The findings underscore the urgent imperative of integrating green technologies into the fabric of I5.0, highlighting the opportunities and challenges inherent in this endeavor. Furthermore, the study provides insights tailored for policymakers, regulators, researchers and environmental stakeholders, fostering informed decision-making toward a carbon-neutral future.
Originality/value
This review serves as a call to action, urging collective efforts to harness innovation for the betterment of industry and the environment.
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Diksha Kumari, Srijan Shashwat, Prashant Kumar Verma and Arun Kumar Giri
Global urbanization has accelerated due to the persistent trend of rural-to-urban migration in search of better prospects and livelihoods, which has had serious negative effects…
Abstract
Purpose
Global urbanization has accelerated due to the persistent trend of rural-to-urban migration in search of better prospects and livelihoods, which has had serious negative effects on the environment, especially in rapidly developing economies. Hence, the purpose of the study is to analyse the relationship between urbanization, economic growth, consumption of renewable energy and carbon emissions with careful examination, particularly in the context of India, where urban population growth has skyrocketed.
Design/methodology/approach
This study uses econometric methods like Granger causality analysis and the ARDL bound tests, to analyse the intricate relationships between the selected time series variables for India from 1970 to 2022.
Findings
This research highlights the difficult task of striking a balance between economic development and environmental preservation by emphasizing the crucial role that urbanization and economic expansion play in causing carbon emissions. India’s urbanization trajectory presents a significant policy problem that calls for a move towards renewable energy sources to successfully decrease carbon emissions. Moreover, this research indicates a two-way causal relationship between economic growth, urbanization and carbon emissions, pointing to the intricate interactions between these variables during the developmental stage.
Research limitations/implications
Despite India’s per capita emissions remaining below the global average, this study highlights the mounting policy challenge of balancing economic development with environmental sustainability as urbanization persists. The paper emphasizes the need for India to invest in renewable energy capacity to replace non-renewable sources and mitigate the carbon footprint of its growing energy demands. Collaborative efforts between India and the developed world to facilitate access to clean energy technologies are crucial for India to achieve sustainable growth in the long run.
Originality/value
To the best of the authors’ knowledge, existing literature predominantly focuses on investigating the relationship between renewable energy and economic growth, with only a limited number of studies exploring the impact on sustainable development to attain carbon neutrality. Furthermore, these studies have not considered the role of urbanization and non-renewable energy in addressing the challenge of sustainability issues in an emerging country like India. Hence, this study is a comprehensive study that addresses the research gap in these directions.
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Megha Chhabra, Mansi Agarwal and Arun Kumar Giri
While sustainable growth extends the use of resources, it is crucial to explore green growth (GG) that ensures growth sustainability through the adoption of renewable energy…
Abstract
Purpose
While sustainable growth extends the use of resources, it is crucial to explore green growth (GG) that ensures growth sustainability through the adoption of renewable energy. Thus, this study is motivated to investigate the influence of renewable energy on GG in 19 emerging countries spanning a decade and a half (2000–2020). This study aims to provide a quantitative examination of how renewable energy contributes to sustainable economic growth.
Design/methodology/approach
This study uses advanced dynamic common correlated effect techniques to assess the long-term effectiveness of renewable energy on GG. Additionally, it uses Dumitrescu and Hurlin causality tests to identify synchronicity between the respective variables.
Findings
The findings of this study reveal that the adoption and utilisation of renewable energy effectively promote GG in emerging economies. However, in contrast, the significantly greater negative influence of trade openness on GG compared to renewable energy highlights the inadequacy and limited impact of cleaner energy alone.
Originality/value
To the best of the authors’ knowledge, existing literature predominantly focuses on investigating the relationship between renewable energy and economic growth, with only a limited number of studies exploring the impact on GG. To the best of the authors’ knowledge, this study would be the first to analyse this relationship in these emerging countries. Furthermore, previous estimation frameworks used in prior studies often overlook the crucial factor of cross-sectional dependence (CSD) among countries. Therefore, this study addresses this issue using a contemporary econometric approach that deals not only with CSD but other biases, like endogeneity, autocorrelation, small sample bias, etc.
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Priyanka, Shikha N. Khera and Pradeep Kumar Suri
This study aims towards developing a conceptual framework by systematically reviewing the available literature with reference to job crafting under the lens of an emerging economy…
Abstract
Purpose
This study aims towards developing a conceptual framework by systematically reviewing the available literature with reference to job crafting under the lens of an emerging economy from South Asia, i.e. India, which is the largest country and the largest economy in the South Asian region.
Design/methodology/approach
The study employs a hybrid methodology of a systematic literature review (SLR) and bibliometric analysis using VOSviewer and Biblioshiny. Bibliometric analysis provides glimpses into the current state of knowledge like-trend of publication, influential authors, collaboration with foreign authors, the major themes and studied topics on job crafting in India etc. Further, a detailed SLR of the selected articles led to the development of the conceptual framework consisting of the enablers and outcomes of job crafting.
Findings
It discusses implications for academia, business and society at large, and also provides valuable insights to policymakers and practitioners paving the way for better adoption, customization and implementation of job crafting initiatives.
Originality/value
Owing to its own unique social, cultural, and economic characteristics, the dynamics of job crafting in India may vary from other countries and regions which can also be reflective of how job crafting operates in South Asia in general. As job crafting was conceptualized and later evolved mostly in the western context, our study assumes greater significance as it is the first study which attempts to systematically review the job crafting literature to understand how job crafting manifests in the Indian context and presents a conceptual framework for the same.
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Jitender Kumar and Anjali Ahuja
This article provides a systematic literature review on financial inclusion, offering a comprehensive overview of research publications. It also develops a conceptual framework to…
Abstract
Purpose
This article provides a systematic literature review on financial inclusion, offering a comprehensive overview of research publications. It also develops a conceptual framework to outline future research objectives, enhancing understanding and identifying key areas for further investigation.
Design/methodology/approach
The data extraction concentrates on facts and figures about financial inclusion from 2005 to 2024. Using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA), the study reviews and synthesizes insights from 115 pertinent articles published in 77 high-ranked journals, indexed across three academic databases: Scopus, Web of Science (WoS) and the Australian Business Deans Council (ABDC).
Findings
Previous research on financial inclusion demonstrates that out of 115 articles, 50 were published between 2020 and 2024 and 43 between 2015 and 2019. This indicates the increasing trend of research on financial inclusion. Another interesting point is that researchers mostly use regression techniques to analyze the relationship between variables. Notably, reviewing the selected literature is valuable for researchers and practitioners interested in financial inclusion. It synthesizes the existing knowledge on the topic, identifies research gaps and suggests a conceptual framework to direct future studies.
Originality/value
This unique study contributes original value to the financial inclusion literature through a systematic literature review. By synthesizing existing knowledge and identifying research gaps, it presents a novel framework that offers new perspectives and highlights areas for future research, advancing the understanding of financial inclusion.
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Shamita Garg and Sushil
Globalisation has benefitted both developed and emerging markets. However, few recent studies have pointed out that globalisation has failed to deliver promising results. This…
Abstract
Purpose
Globalisation has benefitted both developed and emerging markets. However, few recent studies have pointed out that globalisation has failed to deliver promising results. This research aims to examine the impact of globalisation on different performance aspects of an emerging market like India.
Design/methodology/approach
We examined the impact of globalisation on different performance aspects of a country at the national, industry and firm levels. We have defined the performance dimensions for country-level analysis as GDP and unemployment. We have defined the performance dimensions as profitability for industry and firm-level analysis. The effects of globalisation on the critical economic performance aspects in the Indian setting are covered in the first part. In the second part, we used the panel regression approach to evaluate the impact of overseas revenue on the employability and profitability of select Indian auto firms. We have chosen the auto industry for industry analysis because of its extensive integration with other production fields. In the third section, we discussed how globalisation has improved the profitability of two Indian car companies.
Findings
This study finds that globalisation has benefitted nearly every aspect of the Indian economy's performance. India has gained from national, industry and firm globalisation.
Originality/value
This study is the first of its kind to examine the impact of globalisation on a country's performance across different levels, including national, industry and firm levels. We have studied the Indian context to develop a theory that globalisation still benefits emerging markets.
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Carlos Fernando Ordóñez Vizcaíno, Cecilia Téllez Valle and Pilar Giráldez Puig
The aim of this paper is to analyse the spillover effects of microcredit on the economy of Ecuador, with a particular focus on its potential as a poverty alleviation mechanism.
Abstract
Purpose
The aim of this paper is to analyse the spillover effects of microcredit on the economy of Ecuador, with a particular focus on its potential as a poverty alleviation mechanism.
Design/methodology/approach
To address our research questions, we take into account the distance between cantons (Ecuador’s own administrative distribution) by adopting a spatial autoregressive (SAR) model. To this end, a database will be constructed with macroeconomic information about the country, broken down by canton (administrative division of Ecuador), and in a 2019 cross section, with a total of 1,331 microcredit operations in all 221 of Ecuador’s cantons.
Findings
We find a positive effect of microcredit on these neighbouring regions in terms of wealth generation.
Research limitations/implications
We acknowledge that this study is limited to Ecuadorian cantons. Nonetheless, it is crucial to emphasize that focussing on an under-represented developing country like Ecuador adds significant value to the research.
Practical implications
Facilitating access to microcredit is one of the main solutions to address the goals proposed in the sustainable development goals (SDGs).
Social implications
Microcredit activity contributes to the creation of value and wealth in Ecuador, exerting a spillover effect in neighbouring areas that can generate positive multiplier effects and alleviate poverty. For all of the above reasons, our proposal for the country is to support and promote microcredit as one of the main solutions to address the goals proposed in the SDGs.
Originality/value
The novelty of this study lies in the use of spatial econometrics to observe the indirect effects of microcredit on the regions bordering the canton in which it was issued, thus examining the spatial effects of microcredit on wealth distribution.
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Elhassan Gheidan, Mariyana Aida Ab. Kadir and Oluwatobi Gbenga Aluko
The purpose of this study is to compare the properties and performance of ordinary Portland cement-based self-compacting concrete (OPC-SCC) and pozzolanic-based SCC…
Abstract
Purpose
The purpose of this study is to compare the properties and performance of ordinary Portland cement-based self-compacting concrete (OPC-SCC) and pozzolanic-based SCC (pozzolanic-SCC) in concrete applications. The research employs a comparative analysis to examine the workability and strength characteristics of these two types of SCC.
Design/methodology/approach
This study involves analyzing and comparing the properties and performance of OPC-SCC and pozzolanic-SCC through a literature review of relevant studies and experiments. The key findings indicate that the use of pozzolanic materials in SCC, such as fly ash, silica fume and metakaolin, can enhance the sustainability and durability of the concrete. The research also reveals that the choice of steel fibers and polypropylene fibers can impact the fire performance and mechanical properties of SCC.
Findings
The findings indicate that the inclusion of supplementary cementitious materials enhances the workability, strength and fire resistance of SCC to a greater extent compared to the addition of steel and polypropylene fibers.
Practical implications
The practical implications of this research are significant for selecting and utilizing SCC in concrete applications.
Originality/value
The originality of this research lies in the comparative analysis of OPC-SCC and pozzolanic-SCC, considering their properties, performance and practical implications. The study extends the existing knowledge on the use of SCC and provides insights into best practices for its application. The research contributes to the field of concrete technology and sustainable construction by highlighting the benefits and limitations of different types of SCC and their potential impact on concrete performance.