Search results

1 – 6 of 6
Per page
102050
Citations:
Loading...
Available. Open Access. Open Access
Article
Publication date: 22 January 2025

Shreya Pal, Mantu Kumar Mahalik and Hrushikesh Mallick

This study examines the role of monetary and fiscal policies in shaping innovation for a balanced panel sample of seven emerging and five advanced Asian economies.

79

Abstract

Purpose

This study examines the role of monetary and fiscal policies in shaping innovation for a balanced panel sample of seven emerging and five advanced Asian economies.

Design/methodology/approach

Using the Driscoll–Kraay estimator as a baseline technique and panel-corrected standard errors and kernel-based regularised least squares as robust methods, this study explores the factors that influence innovation in both emerging and advanced Asian economies from 1990 to 2021. Based on the Morgan Stanley Capital International categorisation, this study has used a sample of seven emerging and five advanced Asian nations to empirically understand the factors shaping innovation.

Findings

The findings indicate that broad money and economic growth have positive effects on innovation, whereas tax revenue, governance quality and economic globalisation indicate negative effects in emerging Asia. The findings further indicate that tax revenue, economic growth, governance quality and economic globalisation favour innovation in advanced Asia. The authors also find an adverse impact of broad money on total innovation in advanced Asia.

Originality/value

These findings are quite helpful for the stakeholders and policymakers looking for efficient and long-lasting innovation initiatives.

Details

Asia Pacific Journal of Innovation and Entrepreneurship, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2071-1395

Keywords

Access Restricted. View access options
Article
Publication date: 20 February 2025

Shreya Pal, Mantu Kumar Mahalik, Hrushikesh Mallick, Gupteswar Patel and Almas Heshmati

Considering the panel data from 1984 to 2020, this study examines the impact of demographic structure (young age, working age and old age manpower) on financial development in 44…

0

Abstract

Purpose

Considering the panel data from 1984 to 2020, this study examines the impact of demographic structure (young age, working age and old age manpower) on financial development in 44 Sub-Saharan Africa (SSA) countries. Following the World Bank’s classification, the SSA region is sub-sampled into 21 low-income, 18 lower-middle-income and five upper-middle-income countries to separately study these groups, along with studying for the whole region in a panel.

Design/methodology/approach

Drawing from the literature, it incorporates economic growth, economic globalization and inflation as a set of control variables in the financial sector development function. This study employed PCSEs and FGLS regression methods along with applying the FMOLS test for results robustness.

Findings

The result of PCSEs and FGLS evidences an adverse impact of the young and old age population on financial development for the entire SSA region, low-income and lower- and middle-income countries, but the same is found to be positively related to financial development in the upper- and middle-income countries. We observed varying effects of economic growth, economic globalization and inflation for different groups within the SSA region.

Originality/value

From the policy perspective, it suggests that policymakers of the groups of low-income and lower-middle-income countries need to scrutinize the adverse effects of the young and old-age populations on financial sector development and should also be taken seriously in the formulation of their long-term financial development policies.

Details

Journal of Economic and Administrative Sciences, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2054-6238

Keywords

Access Restricted. View access options
Article
Publication date: 27 April 2022

Muhammed Ashiq Villanthenkodath, Mantu Kumar Mahalik and K. Mohamed Ismail Yasar Arafath

This empirical study explores the role of tourism development (TD) in India's environmental degradation. Since sustainable eco-tourism is essential for India, whose long-term…

408

Abstract

Purpose

This empirical study explores the role of tourism development (TD) in India's environmental degradation. Since sustainable eco-tourism is essential for India, whose long-term economic prosperity also depends on robust tourism growth. Hence, this study offers specific policy proposals for sustainable tourism based on the simulated outcomes.

Design/methodology/approach

The study employed the quarterly data from 1995Q1–2018Q4 for empirical validation. Moreover, the autoregressive distributed lag (ARDL) approach, Toda and Yamamoto (TY) causality model and wavelet coherence are also used to analyse the role of TD in India's environmental degradation.

Findings

The ARDL bounds test confirms the long-run relationship between the series. The long-run results from the ARDL model also indicate the driving role of TD in India's environmental degradation. In addition, the usage of the wavelet coherence method confirms the changes in TD that leads to changes in India's pollution level at different frequencies and periods, especially in the long run.

Research limitations/implications

Since this analysis is India-specific, these findings may lack generalizability to other developing economies. Therefore, researchers are encouraged to examine the impact of tourism growth on the natural environment in other countries either in a panel or time-series framework.

Practical implications

This study suggests crucial implications for checking the pollution sands from TD without sacrificing tourism-led economic growth. This would be possible if the usage of green energy in India's transport sector is promoted.

Originality/value

This is the first study that analyzes the impact of TD on environmental degradation in the ARDL, wavelet coherence, TY frameworks for enabling the Indian economy for a sustainable tourism practice.

Details

Management of Environmental Quality: An International Journal, vol. 33 no. 6
Type: Research Article
ISSN: 1477-7835

Keywords

Access Restricted. View access options
Article
Publication date: 10 February 2025

Shruti Aggarwal and Mantu Kumar Mahalik

This study aims to examine the impact of urbanization and renewable energy productivity on sustainable development in developing Asia economies. Moreover, it investigates the…

16

Abstract

Purpose

This study aims to examine the impact of urbanization and renewable energy productivity on sustainable development in developing Asia economies. Moreover, it investigates the potential of sustainable urbanization in these economies through the lens of renewable energy productivity.

Design/methodology/approach

Using a balanced panel data set of 20 developing Asian economies from 2000 to 2020, this study uses the sustainable development goals score as the dependent variable. Principal explanatory variables include urban population and renewable energy productivity, with globalization and government expenditure as control variables in sustainable development function. This study uses diagnostic tests such as cross-sectional dependence, unit-root test and cointegration to ensure robustness. For the empirical analysis, the pooled mean group autoregressive distributed lag estimation technique is used for both long- and short-run dynamics, supplemented by the panel-corrected standard errors and feasible generalized least squares methods for the robustness check.

Findings

The long-run results indicate that urbanization and renewable energy productivity significantly enhance sustainable development. This study also identifies globalization and government expenditure as significant drivers of sustainable development. The long-run results further identify the potential moderating role of renewable energy productivity, thereby helping urbanization in stimulating sustainable development. This study recommends developing policies that promote sustainable urban infrastructure, such as energy-efficient buildings and smart cities, while investing in renewable energy technologies and systems to enhance their integration into urban development plans and maintain sustainable development.

Originality/value

This study contributes to the literature by highlighting the nuanced impact of renewable energy productivity on sustainable development in the context of urbanization. It underscores the synergistic benefits of aligning urban growth with renewable energy initiatives, suggesting strategic fiscal policies and international cooperation as essential components for advancing sustainable development in developing Asian economies.

Details

International Journal of Energy Sector Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-6220

Keywords

Access Restricted. View access options
Article
Publication date: 4 April 2017

Magda Kandil, Muhammad Shahbaz, Mantu Kumar Mahalik and Duc Khuong Nguyen

Using annual data from 1970 to 2013 for China and India, this paper aims to examine the impact of globalization and financial development on economic growth by endogenizing…

5647

Abstract

Purpose

Using annual data from 1970 to 2013 for China and India, this paper aims to examine the impact of globalization and financial development on economic growth by endogenizing capital and inflation and drawing comparisons between the two fastest growing emerging market economies.

Design/methodology/approach

In the long run, co-integration test results indicate that financial development increases economic growth in China and India.

Findings

The results also reveal that globalization accelerates economic growth in India but, surprisingly, impairs economic growth in China, as it increases competition for exports. The results furthermore disclose that acceleration in capitalization and inflation, as a proxy for aggregate demand, are positively linked to economic growth in China and India.

Originality/value

Causality test results indicate that both financial development and economic growth are interdependent. In contrast, causality runs from higher economic growth to increased globalization in India, while the results do not support long-term causality between globalization and economic growth in China.

Details

International Journal of Development Issues, vol. 16 no. 1
Type: Research Article
ISSN: 1446-8956

Keywords

Access Restricted. View access options
Article
Publication date: 29 July 2014

Mantu Kumar Mahalik, Debashis Acharya and M. Suresh Babu

– The purpose of this paper is to investigate empirically the price discovery and volatility spillovers in Indian spot-futures commodity markets.

1003

Abstract

Purpose

The purpose of this paper is to investigate empirically the price discovery and volatility spillovers in Indian spot-futures commodity markets.

Design/methodology/approach

The study has used four futures and spot indices of Multi-Commodity Exchange, Mumbai. The study also employs vector error correction model (VECM) and bivariate exponential Garch model (EGARCH) to analyze the price discovery and volatility spillovers in Indian spot-futures commodity market.

Findings

The VECM shows that agriculture future price index (LAGRIFP), energy future price index (LENERGYFP) and aggregate commodity index (LCOMDEXFP) effectively serve the price discovery function in the spot market implying that there is a flow of information from future to spot commodity markets but the reverse causality does not exist. There is no cointegrating relationship between metal future price index (LMETALFP) and metal spot price index (LMETALSP). Besides the bivariate EGARCH model indicates that although the innovations in one market can predict the volatility in another market, the volatility spillovers from future to the spot market are dominant in the case of LENERGY and LCOMDEX index while LAGRISP acts as a source of volatility toward the agri-futures market.

Research limitations/implications

The results are aggregate in nature. Further study at disaggregated level will provide further insights on behavior of specific commodity prices and the price discovery process.

Originality/value

The paper provides useful information about the evolution and structures of futures commodity trading in India, related literature and relevant methodology concerning the hypotheses.

Details

Journal of Advances in Management Research, vol. 11 no. 2
Type: Research Article
ISSN: 0972-7981

Keywords

1 – 6 of 6
Per page
102050