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1 – 10 of 12Tarek Ben Ali and Bandar Ben Abdul Aziz Al Yahya
The question of public debt management for both developed and developing economies has created an enormous amount of political as well as academic interest. The purpose of this…
Abstract
Purpose
The question of public debt management for both developed and developing economies has created an enormous amount of political as well as academic interest. The purpose of this paper is to examine how governance affects public debt accumulation in the Arabian Gulf countries during the period between 1996 and 2015 period. The six Worldwide Governance indicators (WGI) (voice and accountability (VAA), political stability and the absence of violence/terrorism, government effectiveness (GEFF), regulatory quality (RQ), rule of law (RL) and control of corruption) were used to measure the quality of governance in these countries. The results show that an increase in every governance indicator except control of corruption leads to a decrease in public debt.
Design/methodology/approach
The authors estimate a dynamic specification of debt to GDP ratio to study how governance affects public debt accumulation in the Arabian Gulf countries during the 1996–2015 period. The dependent variable in this study is the ratio of public debt to GDP. This study relies on the six measures of institution’s quality given by the WGI. These variables are the VAA, political stability and absence of violence (PSAV)/terrorism, GEFF, RQ, RL and control of corruption. Additional control variables are also incorporated to account for the omitted variables bias. These include the rate of inflation (Al-Marhubi, 2000) and the independent variable lagged one period. The study of the statistical relationship between institutional quality and public debt allows us to quantify the direct effect of governance on public debt, which is the effect that goes through an increase in spending or a reduction in fiscal revenues and not through a decrease in GDP growth. The econometric estimation is carried out using panel fixed effects and GLS random effects.
Findings
The estimation results confirm the core hypothesis, which considers that the poor governance in a country the higher is the ratio of public debt to GDP, ceteris paribus. Indeed, five of the worldwide Governance Index are negatively correlated with public debt ratio. These indices are GEFF, VAA, PSAV, RQ and RL. Empirical findings for other independent variables are consistent with those of empirical studies in the literature. The coefficient on the independent variable per capita income has the theoretically expected negative sign and it is highly statistically significant, implying that the higher the per capita income in a country, the lower the ratio of public debt. The independent variable government expenditure has the theoretically expected positive sign suggesting that the higher the government expenditure, the higher the ratio of public debt. The education variable has negative but not statistically significant coefficients. The independent variables (inflation, unemployment rate and lag debt ratio) have the expected signs and are highly statistically significant, implying that the higher their value in a country, the higher the ratio of public debt to GDP. Having the theoretically expected effect, the GDP growth variable is negatively correlated with public debt ratio but its coefficients are not statistically significant.
Originality/value
Although the literature on the damaging effects of poor governance on growth is abundant (Tanzi and Davoodi, 2002; Mauro, 1996; Mo, 2001; Mauro, 1996; Brunetti et al., 1997; Campos et al., 1999; Al-Marhubi, 2000; Depken and Lafountain, 2006; Mauro, 1998), only very recently the relationship between institutional quality and public debt accumulation has been addressed. By reviewing the research on political and institutional determinants of public debt, it was found that there are few studies, which have examined regional differences, and even fewer ones have focused on the countries of the Gulf Cooperation Council (GCC). Therefore, this paper aims to fill the gap by focusing on this economic region. Furthermore, when studying the relationship between the quality of institutions and the accumulation of public debt, existing studies focus only on corruption index and neglect other determinants of governance. Thus, a second contribution of the study is to investigate how institution quality, through the six WGI, affects public debt accumulation. Furthermore, given the recent rise in public debt in GCC countries, an increasingly important question is what policy actions do these countries need to take to ensure that their debt will be sustainable and will not overwhelm their financial system? we can add: while there has been much attention given to the political and economic explanations of public debt accumulation in developing and developed countries on a global scale, scholars so far have not focused on this debate in high income oil producers.
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Lara Lengel and Victoria Ann Newsom
To examine how social media restrict and recreate messages within current interactionist scripts in the Middle East and North Africa (MENA), this study applies a framework of…
Abstract
To examine how social media restrict and recreate messages within current interactionist scripts in the Middle East and North Africa (MENA), this study applies a framework of digital reflexivity highlighting stages of information flow. It applies the symbolic interaction concept of emotional events to analyze the self-immolation of Mohamed Bouazizi and the role of social media in disseminating Bouazizi’s act as one catalyst of the MENA citizen uprisings. The role of social media in the “Arab Spring” merits investigation because social media provide opportunities to examine shifting identities, interactions, and actions of citizen activists in the MENA uprisings. This study is important and timely because little symbolic interactionist scholarship exists on MENA identities and social movements, or on crowd interaction and activism outside the West. The nuanced nature of MENA political activism and complex processes of the development of activists’ “mutable” selves (Zurcher, 1977) are fluid and resistant to symbolically defined social roles, interactionist scripts and reflexivity, and public communication practices in a MENA under political and social transition.
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Landis G. Fryer and Tavis D. Jules
This research examines higher education developments within transitory democratic spaces, using Tunisia as a case study. A document analysis of higher education policies in…
Abstract
This research examines higher education developments within transitory democratic spaces, using Tunisia as a case study. A document analysis of higher education policies in Tunisia shows a shift from an internal process of Tunisification to a focus on prescriptive global educational agendas. In examining higher education reforms during the past three decades in Tunisia, we attempt to understand the role of higher education in aiding and abiding the “Arab democracy deficit” through policies imposed upon the system through strict state intervention. We describe how higher education structures came to be, how policies were created, and detail how the issues and challenges stemming from higher education helped spread sentiments for the Tunisian Jasmine Revolution. Finally, we examine a lack of convergence, which enabled students to galvanize to overthrow a government criticized for its corruption and policy failures.
Tarek Ben Hassen, Hamid El Bilali, Mohammad Sadegh Allahyari and Rabeh Morrar
Global lockdowns and restrictions linked to the coronavirus disease 2019 (COVID-19) pandemic have affected food environments and consumption patterns. Conflict-affected countries…
Abstract
Purpose
Global lockdowns and restrictions linked to the coronavirus disease 2019 (COVID-19) pandemic have affected food environments and consumption patterns. Conflict-affected countries are disproportionately affected from economic and food security perspectives. In this regard, the Palestinian territories (namely West Bank and Gaza Strip), which face a number of issues such as Israeli military and economic control, overcrowded cities and refugee camps (especially in Gaza Strip), rising poverty and food insecurity, are an especially interesting case study. Accordingly, the purpose of this paper is to analyze the effects of the ongoing COVID-19 pandemic on the selection and intake of foods and drinks, as well as consumer behavior and attitude toward food in the Palestinian territories.
Design/methodology/approach
The paper draws upon an online survey in the Palestinian territories administered in Arabic through the Survey Monkey platform from September 15 to October 10, 2020, with 322 adults. The survey findings were analyzed using descriptive statistics and several nonparametric tests. Particularly, the U-Mann Whitney test was used in dichotomous, categorical independent variables (e.g. gender), while the Kruskal–Wallis test was run to analyze multi-choice responses (e.g. occupation).
Findings
The results reveal that food attitudes and consumer behavior towards food have been widely affected. First, they reveal that Palestinians try to have healthier diets but ate more between meals (e.g. snacks). Second, the pandemic transformed respondents' shopping behavior and induced panic buying, negatively affecting food affordability due to increased prices of some foods (e.g. fruits and vegetables). Some food behaviors were shaped by negative psychological determinants (e.g. depression and anxiety). The pandemic effects are moderated by different sociodemographics (age, education and income). COVID-19 negatively affected food security but also opened a “window of opportunity” to trigger the transition towards more sustainable diets.
Originality/value
The paper results show that the eventual effects of COVID-19 will most likely vary from country to country, based not only on the epidemiological circumstances but also, among other factors, on the baseline socioeconomic situation and shock resilience. The findings contribute to the clarification and critical analysis of the impacts of COVID-19 on food behaviors in the Palestinian territories, which would have several policy implications.
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The ideology of “Local Architecture” was about the religious experience, social and cultural interpretations non-awareness, and solutions for environmental and social problems…
Abstract
The ideology of “Local Architecture” was about the religious experience, social and cultural interpretations non-awareness, and solutions for environmental and social problems. This case aims at producing a compatible architecture for this society. The problem of the paper deals with the absence of the local heritage in contemporary architecture. Most of our buildings reflect western ideologies, and use the local vocabulary, as has happened in most of the Arab architecture, that deals directly with a language of shapes to create compatibility with the public. Hence, the aim of the paper is to link the variables that the contemporary architecture formulated with concepts of local architecture. To meet such aims, the research is pivot around two themes: Firstly, tackling how to extract the forces that lead to the contemporariness of local heritage and formalize the DNA of any local community (Culture, Community Aspiration, Climate, and Technology), as well as discussing some experience that dealt with local architecture. Secondly, discussing some recent trials that learned from the previous attempts through history. The attempts strongly re-activate the local architecture in the contemporary challenges, namely, the use of heritage forms as is to conform to environmental determinants, development of these forms using contemporary materials through the visions of local architecture, and employing high-tech solutions to achieve contemporary appropriateness within traditional ideologies. In the end, the paper presents new ideas of the local architecture that learned from the previous experiences in our Arab societies to meet the needs of today's Arab societies.
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Mohammed Osama Rasmy, Tarek Abdel Latif Abu Atta and Asmaa Abdelaty Mohamed Ibrahim
This study explores the best strategies for regional economic development to attract highly skilled populations, regardless of whether the region is a multisector or unisector…
Abstract
Purpose
This study explores the best strategies for regional economic development to attract highly skilled populations, regardless of whether the region is a multisector or unisector economic hub. It also determines the development variables affecting the success of integrated regional economic hubs to achieve spatial equality, enhance economic productivity and attain environmental sustainability.
Design/methodology/approach
In addition to a qualitative analysis, this study employed quantitative techniques using SPSS software. This allowed amplification of the most significant explanatory variables affecting the weaknesses and strengths of economic hubs.
Findings
The results highlight approaches that can be used to achieve socio-economic sustainability in regional hubs. These include multisectors or main centralised hubs (smart economic regional capital), which provide new services to regions and act as a unidevelopment sector or as a regional, economic capital.
Research limitations/implications
The study analyses the effect of economic strategies and integration of natural resources and the required core services in regional economic development.
Practical implications
Case studies of successful economic hubs are discussed. The most important services proposed in such hubs promote human development and increase the standard of living.
Social implications
Integration between the hubs in a region is fundamental to attracting direct investments that can benefit the local population.
Originality/value
The results could help governments, economists and planners implement multisector developmental hubs to achieve sustainable development.
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Martins Iyoboyi, Latifah Musa-Pedro, Okereke Samuel Felix and Hussaina Sanusi
This paper examines the impact of fiscal constraints on education expenditure in Nigeria from 1981 to 2021, using annual time series data.
Abstract
Purpose
This paper examines the impact of fiscal constraints on education expenditure in Nigeria from 1981 to 2021, using annual time series data.
Design/methodology/approach
The study deployed cointegration techniques with structural breaks.
Findings
Cointegration was found between education expenditure, debt servicing (a proxy for fiscal constraint) and associated variables. In both the long and short run, debt servicing negatively and significantly impacts education expenditure. While government revenue has a positive and significant impact on education expenditure in the long and short run, political institution has a negative and significant impact in the long run. Political institution is thus critical to education financing in Nigeria. The impact of debt is positive and significant in the short run, but not significant in the long run. There is a unidirectional causality from debt servicing to education expenditure.
Practical implications
Political institutions are critical towards contracting only productive debts and checkmating the adverse political environment through political will that prioritizes education financing.
Originality/value
The study extends the empirical literature on the fiscal constraint-education expenditure first by investigating fiscal constraint-education expenditure nexus given the institutional environment, and second by extending the methodology using cointegration techniques in the midst of structural breaks.
Peer review
The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2022-0682.
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Huu Cuong Nguyen and Hien Khanh Duong
This study aims to investigate the relationship between sustainability reporting and the cost of capital among Vietnamese firms using the Global Reporting Initiative (GRI…
Abstract
Purpose
This study aims to investigate the relationship between sustainability reporting and the cost of capital among Vietnamese firms using the Global Reporting Initiative (GRI) standards.
Design/methodology/approach
Using a sample of the 100 largest firms by market capitalisation listed on the Hanoi and Ho Chi Minh stock exchanges as of 31 December 2023, this study applies regression models to examine how sustainability disclosure influences the cost of debt (COD), cost of equity (COE) and the weighted average cost of capital (WACC) over the period from 2021 to 2023.
Findings
The findings indicate a significant negative relationship between sustainability disclosure and the COD, COE and WACC, with environmental-related sustainability development goals (SDGs) disclosures having the most substantial impact. These results highlight the critical role of transparency in reducing information asymmetry and agency costs, ultimately lowering the cost of capital.
Research limitations/implications
This study extends stakeholder and signalling theories by demonstrating how sustainability disclosure affects both shareholders and creditors in a developing economy.
Practical implications
This study provides actionable insights for corporate managers and financial institutions on how sustainable development practices can enhance access to capital at more favourable rates. Policymakers and banks are encouraged to implement green finance initiatives to promote sustainability further.
Social implications
As Vietnam strives to combat climate change, this research underscores the importance of sustainable practices in building trust with investors and lenders.
Originality/value
To the best of the authors’ knowledge, this study offers one of the first comprehensive examinations of the link between sustainability reporting and capital costs in Vietnam, offering important empirical evidence for academics and practitioners.
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Mohamed Mousa, Hiba K. Massoud and Rami M. Ayoubi
The purpose of this paper is to investigate whether females have different perceptions of diversity management and workplace happiness compared to their male colleagues…
Abstract
Purpose
The purpose of this paper is to investigate whether females have different perceptions of diversity management and workplace happiness compared to their male colleagues. Furthermore, the paper explores whether diversity management perceptions mediate the relationship between workplace happiness and organisational citizenship behaviour.
Design/methodology/approach
A total of 260 questionnaires from a number of public hospitals in Egypt were analysed using both t-test and Structural Equation Modelling.
Findings
We found that female physicians perceive diversity management policies/protocols more positively than their male colleagues. Moreover, gender has no or little effect on physicians’ perceptions of workplace happiness. We also found that workplace happiness positively affects physicians’ organisational citizenship behaviour, and finally, diversity management practices can mediate the relationship between workplace happiness and physicians’ organisational citizenship behaviour.
Practical implications
We believe that managers can raise the feeling of workplace happiness among their staff if they maintain some personal relationships with physicians, care about the physicians’ work/life balance, promote after work gatherings, initiate coffee time talks, encourage open communication practices and more.
Originality/value
The paper is based on the argument that although employees might be happy in the workplace through (engagement, job satisfaction, affective commitment), their happiness, however,will unlikely be reflected into a positive organisational citizenship behaviour towards their organisation, except (social exchange theory) they feel or perceive (equity theory) the overall practices of diversity management in that organisation positively. Thus, studying the mediating effect of perceptions towards diversity management is mainly our contribution.
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