• Energy Research
• 2021-2025close
• 8. Economic growth close

Abstract This study investigates the macroeconomic effects of adverse oil price shocks on a small oil-exporting economy — the Azerbaijan economy. We estimate a recursive (near) VAR model by using monthly macroeconomic data from 2006 to 2018. The results indicate the Azerbaijan economy is adversely influenced by an oil price decline. Specifically, we find that a negative oil price shock deteriorates trade balance, causes a currency depreciation, increases inflation and falls economic activity. Furthermore, our findings imply that the oil price-led devaluation shapes the inflationary and recessionary consequences of this shock.

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.

Rapid urbanization combined with high economic growth, industrialization, and changes in socio-economic conditions increase the quantity of municipal solid waste. Cities located in South-Asia are facing serious issues due to waste, with countries like India, Bangladesh, and Pakistan top of the list of bad waste management. The increasing generation of solid waste and also the improper management of waste in Bangladesh leads to environmental degradation. Current waste management practice in Bangladesh is so weak that day by day it is harming the climate and creating a lot of unwanted situations. This research consists of an examination of the current administrative measures and presents another proposition for the executive cycle to decrease ecological contamination. The research study aims to decrease the amount of waste being dumped into municipal sanitary landfill sites & converting the waste into energy which is both financially and environmentally suitable by involving unemployed people in the management system. The results of this study will give an idea of how waste can be utilized as a resource and how this resource can be a capital good as well as how the local level problems can be solved by taking some strategies and making our environment suitable for future generations.

In the context of the globalization and internationalization of economies, to efficiently attract financial and intellectual capital that is necessary for business sustainability, the mechanisms of corporate governance have to be based on gaining the trust of all the interested parties. These objectives require an organizational culture and a climate which is based on correctness, responsibility, transparency, and efficiency, in which ethical principles govern the spread of behaviors in the entire entity. This research identifies the relation between the corporate governance and the entities’ financial performance using the specific context of Romania. The findings of this study reveal new insights on the corporate governance and financial performance based on a sample of companies listed on the Bucharest Stock Exchange. The results show a positive correlation between the net accounting results, earnings per share, and the duality of the CEO, and a negative correlation between price per share and the duality of the CEO.

In the transition from linear production systems, unsustainable from the point of view of resources, to a model that finds strength in environmental, social and economic sustainability, the circular economy paradigm is the foundation that facilitates the planetary agro-ecological transition. The European Union has taken a number of steps (including the Circular Economy Package of Directives) shaping circularity as a wide-ranging driver measure involving many sectors. The paper intends to provide a regulatory framework on the current general situation regarding circularity in European Union, in order to extrapolate and give evidence to the aspects that intersect the agri-food sector. This is not only because they are poorly addressed in the literature, but also because there is a lack of regulatory instruments on the circular economy specifically addressing this area of interest. For this purpose, the analysis focuses on waste and residue/scrap management issues, recognized by law as by-products and end-of-waste status, as they are covered by circular economy legislation and as they can be applied to the agri-food sector. The latter allow the implementation of circularity strategies in the agri-food sector and, given the numerousness of production chains and the peculiarities of each of them, various regeneration and/or reuse processes of specific resources may be depicted. The intent is to provide useful knowledge on how to implement sustainable waste management, also proposing a concrete case on a by-product of olive oil processing, through which it is possible to highlight how the correct application of regulations favors the adoption of circular economic and management models in the firms involved, as well as informing the relevant economic operators on the possible profiles of legal liability that may arise from insufficient knowledge. Furthermore, this paper delves into the European Green Deal’s Strategy as it enriches the circular economy paradigm with new facets. NextGenerationEU and the National Recovery and Resilience Plan financially support this strategy in the aftermath of the socioeconomic crisis from COVID-19 in the EU Member States. This is in order to achieve the objective of achieving the agro-ecological transition.

Abstract The Chinese government has taken measures to realize energy-savings and emission reductions, such as promoting innovations, adjusting the industrial structure, balancing regional development, and reforming markets. The aim of this paper is to assess the effects of these measures on China's CO2 emissions by using a newly proposed decomposition approach, which identified eight new factors related to the above realistic measures, i.e., energy saving and production technologies, industrial energy and production efficiencies, regional energy and production efficiencies, and pure energy and production efficiencies. The main findings indicate benefits from considerable technological progress in energy-saving and production during 2000–2016 period, and two technological factors contributed the most to emissions abatement and cumulatively reduced 5372.43 Mt and 1291.72 Mt CO2 emissions. The efforts of industrial restructuring promoted energy and production efficiency improvement, which further facilitated emission reduction. In contrast, the pure energy and production efficiency changes cumulatively led to 1080.26 Mt and 1135.85 Mt CO2 emissions growth during the whole sample period, suggesting that severe resource misallocation problems may exist in both the energy market and output market. Additionally, the Chinese government failed to narrow the technology gap between developed regions and underdeveloped regions, further restricting emission reduction.

Working capital practice impacts marketing, personnel, production and other varied activities. Almost every function of a business enterprise is related to working capital practice. Efficient utilization of working capital permits an enterprise to earn plausible return on the capital invested and also allows to pay its dues timely. Hence, adroit working capital practice assumes great significance and presents a stimulating challenge to the financial executive. In the cosmic milieu, newbie of IT industry have been the trailblazer niche in India’s financial system with its novel methods and unique gruntwork. IT sector company in India furthers appreciably to the Indian economy. This paper exercising secondary data designs to divulge the working capital practices of Wipro Ltd., a leading IT company for the years 2020-2021 and 2021-2022. Results spill the company’s modest working capital practices but it approaches to be benigner to investors by boosting their perception to other opportunities for decision-making apropos contribution.

While services are an essential element in the global production, trade and consumption of manufactured goods, limited research has been conducted on the role of services in studies of global value chains (GVCs). Recently, however, an emerging literature on the ‘servicification’ of manufacturing in GVCs has evolved, most of which involves aggregate-level analyses of countries and sectors based on trade statistics. Previous studies have thus failed to explore whether and how local firms in developing countries may capture value and upgrade through their insertion into GVCs as service suppliers. In this paper, we contribute to the literature by analysing the development of an industry supplying wind-turbine services in South Africa. We draw on in-depth fieldwork, including fifty-two interviews and five case studies of firms operating as suppliers of various types of ‘embedded’ services to wind-power projects constructed in South Africa. We show the significant economic value in terms of the employment thereby created and the upgrading pathways of five local service-suppliers in knowledge-intensive and high value-added service activities. Our findings point to the benefit of devoting attention to the role of services in relation to upgrading in GVCs.