T. Dachraoui, Y. Cherruault and C. Reiss
In this work we prove that a relationship exists between the elementary paths of the plane lattice Z2 and those with growing altitude. Fortunately it is possible to make a more…
Abstract
In this work we prove that a relationship exists between the elementary paths of the plane lattice Z2 and those with growing altitude. Fortunately it is possible to make a more complete combinatorial study of the Z2 growing altitude elementary paths and in particular those with barrier. From this combinatorial study we have established an important relationship permitting the calculation of the number of growing altitude elementary paths with barrier and of given length.
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T. Dachraoui, Y. Cherruault and Cl. Reiss
Lets an be the number of growing altitude elementary paths of length n of the cubic lattice Z3. By numeric simulation shows that the quotient an+1/an tends rapidly to a constant…
Abstract
Lets an be the number of growing altitude elementary paths of length n of the cubic lattice Z3. By numeric simulation shows that the quotient an+1/an tends rapidly to a constant. Leads to the decision that the sequence (an)n has an asymptotically geometric behaviour. Confirms the intuition and shows that two positive constants α and λ exist, such that αn = αλn(1 + εn) where (εn)n is a sequence tending to 0 as n tends to infinity with the estimation |εn| ≤ Cγn where C > 0 and 0 < γ < 1. Explains the rapid convergence of an+1/an. Determines the constants α and λ and elaborates on a numeric method for their calculus.
T. Dachraoui, Y. Cherruault and Cl. Reiss
Determining the possible configurations number of a native protein involves a combinatorial study of the elementary paths in the cubic lattice Z3 . The main result consists of…
Abstract
Determining the possible configurations number of a native protein involves a combinatorial study of the elementary paths in the cubic lattice Z3 . The main result consists of illustrating a construction of an elementary path called an associated elementary path. This construction allows the calculation of paths of given length.
Shivangi Pathak, Ashis Kumar Pradhan and Ronny Thomas
The purpose of this study is to focus on the impact of environmental factors on capital flight from BRICS countries. This study proposes modelling the different natural resource…
Abstract
Purpose
The purpose of this study is to focus on the impact of environmental factors on capital flight from BRICS countries. This study proposes modelling the different natural resource rents including coal, oil, gas, mineral and forests with capital flight outlining how the resource extraction cause corruption and rent seeking leading to outflow of resident capital.
Design/methodology/approach
World Bank residual method is used for estimation of capital flight followed by dynamic common correlated effect (DCCE) approach developed by Chudik and Pesaran (2015) for empirical analysis. To ensure the reliability and robustness of results, this study constructs a Natural Resource Rent Index (NRRI) using principal component analysis (PCA) of various resource rents including coal, oil, gas, mineral and forests.
Findings
The econometric analysis reveals that natural resource rents significantly contribute to resident capital outflows from BRICS countries. Furthermore, this study finds that increased government involvement in resource extraction significantly reduces capital flight.
Practical implications
The findings of this study emphasize the necessity of proactive policy measures to mitigate capital flight from BRICS countries, particularly through enhanced government engagement in resource management.
Originality/value
This study fills literature gap by identifying how environmental factors fuel capital flight in BRICS economies.
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This study aims to present an empirical investigation on the effect of natural resource rent on income inequality in Algeria over the period 1980–2020.
Abstract
Purpose
This study aims to present an empirical investigation on the effect of natural resource rent on income inequality in Algeria over the period 1980–2020.
Design/methodology/approach
The analysis is carried out by using the novel developed method dynamic autoregressive distributed lag (ARDL) simulation technique alongside the Kernel-based regularized least squares.
Findings
The bounds test revealed a long-run relationship between natural resource rent and income inequality. Our estimation results suggest that natural resource rent, GDP per capita and government expenditures are all associated with lower income inequality in the short and long term. Moreover, the author found that better institutional quality is more likely to reduce income inequality in Algeria. This empirical finding is further validated by the counterfactual shocks from the dynamic ARDL simulation, which reveal a significant decrease in predicted income inequality following a positive change in resource rents and a gradual, significant increase in inequality after a negative change in resource rents.
Originality/value
The present study is the first to use the dynamic ARDL model to investigate the impact of positive and negative changes in natural resource rent on income inequality in Algeria.
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Fabrice Ewolo Bitoto, Cerapis Nchinda Mbognou and Romuald Justin Amougou Manga
The purpose of this paper is to assess the direct effect of climate change on income inequality in Sub-Saharan Africa (SSA) and the channels through which it spreads.
Abstract
Purpose
The purpose of this paper is to assess the direct effect of climate change on income inequality in Sub-Saharan Africa (SSA) and the channels through which it spreads.
Design/methodology/approach
Using a sample of 38 countries, the authors specify and estimate a panel data model using the generalized least squares method over the period 1991–2020. Robustness is achieved through the generalized moment method-system.
Findings
The results show that an increase in vulnerability to climate change is positively and significantly associated with an increase in income inequality. The results also show that the effects of climate change are mediated by gross domestic product/capita, population and agriculture at the 15%, 17% and 24% thresholds, respectively.
Research limitations/implications
The authors suggest the implementation of inclusive development policies consistent with climate mitigation and adaptation objectives; the creation of financial spaces from various sources to finance the social security of the most vulnerable; and the strengthening of agricultural resilience to climate-related adverse events, including financing for greenhouse agriculture.
Originality/value
On the positive side, it contributes to the literature on the analysis of the direct and indirect effects (transmission channels) of climate change on income inequality in SSA. Methodologically, the study goes beyond previous work as it adopts a stepwise methodology, dealing with the endogeneity issue. At the logical level, it offers some non-exhaustive suggestions of potentially interesting economic policies to guide policymakers in their common commitment to “reduce income inequality” (Sustainable Development Goal 10, target 10.1).
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Nirukthi Prathiba Kariyawasam and Prabhath Jayasinghe
The study aims to analyze and compare the influence of country-specific fundamentals and global conditions on sovereign risk of Sri Lanka within the sample period of 2006–2019…
Abstract
Purpose
The study aims to analyze and compare the influence of country-specific fundamentals and global conditions on sovereign risk of Sri Lanka within the sample period of 2006–2019 while employing Treasury bond rates as proxy for sovereign risk.
Design/methodology/approach
The determinant powers of the variables are assessed using the auto regressive distributed lag (ARDL) model to verify both short- and long-run effects on sovereign spreads.
Findings
The study finds that Sri Lanka's sovereign spreads are shaped by both country fundamentals and global factors, though local determinants tend to have greater influence when the directions of coefficients are ignored. While the impact of most variables was in line with the researchers' expectations, fiscal deficit was found to have an unconventional negative coefficient which may be explained by investors' optimistic take on Government's involvement in post-war economic development drive during the sample period, enabling Sri Lanka to attract low-cost funding.
Research limitations/implications
The study excludes of impact of the ongoing coronavirus disease-2019 ( COVID-19) health crisis which may unduly distort the data. Further, the research does not capture the impact of change in sentiment owing to market information, debt dynamics and policy changes in Sri Lanka.
Practical implications
The study reveals that a sound monetary policy directed at preserving both the internal and external value of currency as well as a disciplined fiscal policy are imperative to manage Sri Lanka's sovereign risk, particularly in the face of global uncertainties.
Originality/value
The study adds to the literature by investigating the timely importance of a country's internal fundamentals against the global events. Furthermore, the research would complement the scarcity of research regarding that subject focused on the Sri Lankan economy, capturing the rapid variations in the fundamentals that the country has undergone since the end of the civil war while recognizing the growing influence of globalization over the recent years.
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Désiré Avom, Nesta Ntsame Ovono and Emmanuel Ongo Nkoa
This study aims to analyze the effects of natural resource rents on income inequality.
Abstract
Purpose
This study aims to analyze the effects of natural resource rents on income inequality.
Design/methodology/approach
This study uses a panel quantile regression (QR) approach for 42 Sub-Saharan African (SSA) countries over the period 1998–2018.
Findings
The results show that natural resource rents have a negative and statistically significant effect on income inequality. Regarding the types of resources, the results show that coal rents increase inequality, while forestry and oil rents reduce income inequality. The results also show that the effects of mining and gas rents vary along the income inequality distribution. Finally, the results reveal a negative and significant effect of natural resource rents on income inequality in all sub-regions except Southern Africa.
Practical implications
The results suggest that the SSA Governments should intensify the implementation of income redistribution policies such as family allowances to poor families with multiple children and public sector job creation. SSA policymakers should also increase access to electricity, and internet, and allocate a portion of oil revenues to create an intergenerational sovereign wealth fund.
Originality/value
First, few studies have analyzed the effects of various types of natural resource rents on income inequality. To this end, this study used the QR method to examine the impact of natural resource rents on inequality, by laying emphasis on various types of natural resources. This study takes into account the likely heterogeneity across countries that may exist when considering a sample such as SSA countries, by examining the effects in the different sub-regions that make up this part of Africa (Central Africa, West Africa, Southern Africa and East Africa).