EuroEconomica

Too Many Crises or Just Another Leap Forward – An Essay

Florian Nuta — Sun, 31 Dec 2023 00:00:00 +0000

Historically, the world's major crises were turning points in human history, and human evolution went through many such moments. At times, these momentous events were a vital menace for humans, endangering vast populations and regions. Even if it was about exiting the last Ice Age, a massive plague, or huge migrations, the humans were tested for their best resilience capacity and endurance skills. Learning from past experiences as a race, not only at the individual level, was the leading quality that separated humans from other species. Our civilization overcame those critical moments, advancing society to the subsequent level of development.

The Effect of Foreign Direct Investment on Industrialisation in Subsaharan Africa: thé Rôle if Institutional Quality

Dazoue Dongue Guy Paulin, Fatal Esperence, Alhadj Malloum Sali — Thu, 07 Dec 2023 00:00:00 +0000

This study examines the relationship between Foreign Direct Investment (FDI) and industrialisation through the role played by the quality of institutions. It examines the effect of FDI on industrialisation for a sample of 39 sub-Saharan African countries over the period 2006-2019. The estimation techniques are based on Dynamic Least Squares (DOLS) and Fully Modified Least Squares (FMOLS) methods. On the one hand, the results of the estimates show that FDI does not contribute directly to the industrialisation of sub-Saharan Africa, but does have a positive and significant impact on industrialisation. On the other hand, foreign direct investment contributes to the industrialisation of sub-Saharan Africa through the role played by the quality of the institutions in place. This positive and significant effect is a characteristic of the sub-Saharan African region, but varies from one country to another. These differences are mainly explained by the availability of natural resources and the varying quality of existing institutions in the different countries. Based on these results, sub-Saharan African countries should establish a strong link with foreign direct investment and promote industrialisation through quality institutions in order to ensure adequate structural transformation.

The Impact of Domestic Investment and Trade on Economic Growth in North Africa Countries: New Evidence from Panel CS-ARDL Model

Nadia Ben Yedder, Malek El Weriemmi, Sayef Bakari — Fri, 22 Dec 2023 00:00:00 +0000

The aim of this work is to examine the impact of domestic investment and trade on economic growth in the case of North Africa countries during the period 1990 – 2021 by using Panel CS-ARDL Model. Empirical results indicate that domestic investment and exports don’t have any impact on economic growth in the long run. However, we found that the impact of imports is positive in the long run. These results show that exports and national investments are not considered as a source of economic growth in the country of North Africa over this extended period and suffer from a miserable economic organization and many problems in terms of political and economic instabilities.

Manufacturing Value Added and Green Growth in Southern Africa Development Community (Sadc): A Case Study of Malawi

Tamanda Hellen Chalemera, Dickson Thomas Ndamsa — Fri, 08 Dec 2023 00:00:00 +0000

The relationship between manufacturing value-added and green growth is crucial as the manufacturing sector has the potential to drive economic growth but can also have significant environmental consequences. This way, this paper aims to examine the effects of manufacturing value-added on green growth in Malawi. The analysis employs the Autoregressive Distributed Lag (ARDL) model to examine the short and long-term relationship between manufacturing value added and green growth. The ARDL model is estimated using time series data from 1990 to 2019. The results indicate a positive and significant relationship between manufacturing value added and green growth, rejecting the pollution haven hypothesis. This implies that increased manufacturing value added leads to increased green growth. The study also finds that total greenhouse gas emissions impact green growth negatively and significantly. These findings highlight the need to foster green growth by promoting manufacturing value-added activities, encouraging sustainable manufacturing practices, and strengthening environmental regulations and standards.

Global North and Global South – An essay on what it is in between or across?

Alina Cristina Nuta — Sun, 07 Jan 2024 00:00:00 +0000

Why should we care? Which factors can contribute more to expanding the Global North? Is it possible to live like the people is more important than money? "Same rules, same activity, same risks" is organically feasible for all? Should climate change-related risks and uncertainty enhance the potential of policymakers to think in the "no one left behind" philosophy? If in the top 4 emitters, we find China, the United States, India, and the European Union, so a mix of Global North and South countries (not being perceived from a geographical point of view), which should be the tools to create a "unique force," if there is will?

Gross Capital Formation, Infrastructure and Economic Development in Nigeria.

Thu, 07 Dec 2023 00:00:00 +0000

In Nigeria, the reduction in capital formation and the extent to which the dismal state of most infrastructure facilities, as well as their state of disrepair, impair the nation’s growth potential are relatively unknown. Given this, this study utilizes the Johansen co-integration test and the Vector Error Correction Model to analyze the effects of gross capital formation and infrastructure in the development of Nigeria’s economy from 1991 to 2021. The co-integration result revealed that the variables have a long-run relationship while the VECM result revealed that gross capital formation has not significantly impacted economic development while infrastructure had a significant positive effect on economic development in Nigeria during the study period. Based on the findings, the study recommends that the government and private sectors should collaborate so as to provide an enabling environment that will enhance capital investments in the economy. Also, gross capital formation should be efficiently channeled with a sizable amount accorded to infrastructural development which in turn translates to economic development.

Regional Integration and Blue Economy: The Case Study of Seychelles

Vanessa Merlyn Helena Lourde Seth, Jacob Tche — Tue, 09 Jan 2024 00:00:00 +0000

Using data between 2005 and 2022 on essential variables such as fish production, export of goods and employment, completed with qualitative data, this study teases out the impact of the blue economy on economic growth, expressed as gross domestic product with Seychelles as a case study. The multiple regression model was used to analyze the quantitative data in SPSS Version 20 and Wordstat 7 software for the qualitative data. Results showed that employment of foreign workers in the blue economy and exporting goods via Port Victoria were significant at the 5% level. Employment in the fishery sector for foreign workers increased steadily from 2009 to 2022. Moreover, tourism and fisheries are the primary sources of employment in Seychelles, providing employment directly and indirectly to about 75% of the Seychellois population. Fish production was the only variable that wasn’t significant. While the annual fish production in Seychelles is 326,806 MT, a steady increase has occurred between 2005 and 2022. Information gathered from the key informants indicated an increase in the partnership Seychelles has signed with the European Union, Mayotte, Taiwan, Mauritius, China and Korea. The export of goods averaged 40.88 million USD from 2005 until 2023, reaching an all-time high of 82.51 million USD in March 2019 and a record low of 7.83 million USD in January 2021. Seychelles is still largely a mono-economy and highly dependent on tourism. Therefore, the blue economy offers enormous potential for diversification and the Blue Economy Roadmap of Seychelles should be revised to achieve this objection.

Use of Management Accounting Practices: A Remedy or Delusion for SMEs in Zimbabwe

Banele Dlamini — Tue, 09 Jan 2024 00:00:00 +0000

This study examined the benefits associated with the use of Management Accounting Practices (MAPs) among Small and Medium Enterprises (SMEs) in Zimbabwe. Literature reveals that there are numerous benefits associated with the use of management accounting among SMEs. This study then sought to assess whether the benefits perceived in the use of management accounting are a myth or a reality among SMEs. A mixed-methods approach and purposive sampling technique were adopted, and data was collected from 188 SME firms from the four provinces in Zimbabwe. The study found that there is a low uptake of management accounting among SMEs in Zimbabwe. The findings indicated that the use of management accounting enables firms to raise more funds among small businesses. In addition, SMEs establish a competitive edge by utilizing MAPs to evaluate profitable prospects and possible risks, and the management accounting function fosters the cultural values necessary to achieve an organization’s strategic objectives. The study recommends that there is a need to increase awareness of the benefits associated with the use of management accounting, which will enhance the uptake of MAPs. There is a need to increase awareness about the importance of MAPs in SMEs, as these tools are critical ingredients for success.

Workforce Sustainability and Leadership – A New Technology Industry Model Assessment

Florentin Tanasa, Ioana Gutu — Fri, 08 Dec 2023 00:00:00 +0000

Asessed as a globalization primary result, (workforce) sustainability proved to be a difficult goal to be achieved by organizationas across the world, thus rising the question in regard to the role of leadership and employees creativity within the process. The current manuscript proposes the asessment of a new workforce sustainability model, designed to lock in the workforce sustainability advancements specific to the technology industry, in both theory and practice. By following a qualitative asessment, the quantitative approach iterates a 26 item survey used to collect data from 174 representatives of the managerial pyramid. Results prove that the eight workforce sustainability proposed latent variables are strongly connected to both leadership and workforce creativity. The proposed asessment tool in regard to workforce sustaianbility of the technology industry proves to have utmost importance, ever since the redesigh of the technology advancements allow the perfect sincon of global workforce to be subject to no border leadership and creativity tools and practices. Contributions to literature counts one of the first attempts to design and asess the results of a technology workforce sustainability model and individually correlate the eight latent variables to two of the most valued elements of the international technology industyry: leadership and creativity.

The Digitalization of Public Administration in Romania Compared with Member States of the European Union

Rodica Pripoaie, George Schin — Thu, 30 Nov 2023 00:00:00 +0000

This study explores an important issue regarding the state of digitization of public administration in Romania compared to its level at the European level. In this paper, we analyze the level of digitization of public administration services in Romania, which aims at improving the interaction between the state and citizens, in the sense of increasing the quality of the offered services following the dynamics of society. Also, digitization aims at simplifying citizens’ lives, facilitating the interaction between them and public administration institutions, but also increasing citizens’ trust in the administration, which will ultimately lead to the economic development of communities and increase living standards. We have also analyzed the degree of digitization of Romania compared to other European states, a level reflected by a series of indicators used at the European level. We found that there is a direct link between the level of digitization and the development of a country. That is precisely why Romania should be concerned with accelerating the digitization process of public administration and reducing the existing gap in this field compared to other European states.

Local Development in Cameroon Under the Constraint of Own Resources: the Case of the Municipalities in the Far North Region

Gouenet Marcel — Thu, 30 Nov 2023 00:00:00 +0000

The problem of this paper stresses on the low contribution of self-generated resources of each municipality as a trap for underdevelopment of the local economy in Cameroon. The methodological approach was based on secondarys datasin other to make a flat tri analysis. Like in most rural communal councils in major part of the Far-North Region in general and the Mayo- Kani Division in particular are largely dependent on financed with the FEICOM and governments grants. The results of statistical highlight not only the constrains linked to the lack of own financial resources, but also a low mobilisation of local taxation income and the lack of qualified human resources among the communal personel. This hampers diverse infrastructural development as well as the local development process itself.

The Impact of Non-Oil Revenue on Economic Growth: Empirical Evidence from Nigeria

Olufemi Samuel Adegboyo, Olufunke Ajoje , Osmond Agu — Thu, 07 Dec 2023 00:00:00 +0000

This study looks at the impact of non-oil revenue on Nigerian economic growth from 1981 to 2021. This study adopts endogenous growth model as its theoretical framework. The augmented Dickey Fuller test was used to determine whether each variable was stationary; the results showed that LMR is stationary at level, indicating that the series is integrated of order 0 i.e (I(0)), whereas LRGDP, LAR, LMNR, and LVATR are stationary at first difference, indicating that the series is integrated of order 1 (I(1)). ARDL is chosen for estimation since it can account for the variable's broad range of stationarity in this investigation. According to a regression estimate, agriculture, manufacturing, value-added tax, and mining all contribute to Nigeria's GDP growth. Based on these findings, Nigerian authorities should take steps to encourage local production in the non-oil sector, and the federal government of Nigeria should step up efforts to diversify the country's manufacturing sector. This is because the non-oil industry may have a significant impact on revenue. Nigeria's economic progress has been positively linked to non-oil profits, making it vital to foster and promote this sector.

The Synergy of Blockchain and FDI: Frameworks for Advancing Cross-Border Investment Security and Efficiency

Alisa-Mihaela Ambrozie — Tue, 09 Apr 2024 00:00:00 +0000

This study explores the integration of blockchain technology in Foreign Direct Investment (FDI), aiming to address inefficiencies, opacity, and security challenges in traditional FDI processes. It examines blockchain’s potential to enhance cross-border investment efficiency and security through a comparative analysis with conventional FDI mechanisms. The paper proposes a strategic framework for blockchain adoption in FDI, focusing on optimizing transactional processes, fostering innovative investment models, and navigating complex regulatory environments. Key findings highlight the transformative impact of blockchain in streamlining FDI operations, enhancing transparency, and reducing costs. The framework underscores the need for technological adaptation, regulatory harmonization, and collaborative global efforts. This research contributes to the discourse on blockchain in international finance, offering insights for policymakers and stakeholders in the FDI arena. The study concludes with the recognition of blockchain’s significant potential in FDI, while acknowledging the challenges in its implementation. It calls for further research on blockchain’s evolving role in global economic structures.