scholarly journals Does Sustainability Matter for Corporate Performance and Economic Development? Based on the Asia Pacific and North America

2018 ◽  
Author(s):  
Kyungbok Kim ◽  
Sang-Myung Lee
Keyword(s):  
Economic Development ◽  
North America ◽  
Real Data ◽  
Asia Pacific ◽  
Economic Returns ◽  
Financial Return ◽  
Private And Public ◽  
Sustainable Investment ◽  
Per Capita ◽  
Corporate Level

This paper explores how the sustainable investment impacts financial returns and economic development in of Asia Pacific and North America, utilizing real data empirically. In academia and industrial field, it is polemical that indeed, the sustainable behavior has economic returns. In order to clarify that, we tested hypotheses with an analysis of seven stock markets, accounting of rates such as ROI, ROIC, and ROA in eleven companies, and GDP/GNI per capita. The results indicate that both financial return and economic development are positively germane to the sustainable investment. Besides, the variance of sustainability to economic development exists, depending on GDP per capita between two regions. We conclude, concerning the sustainability, by corroborating micro perspective for corporate level and macro perspective of economic development in the private and public sector. This research consequence will be interested in both practitioners and researchers in the measurement of sustainability performance

scholarly journals The Correlation between Energy Cost Share, Human, and Economic Development: Using Time Series Data from Australasia, Europe, North America, and the BRICS Nations

Energies ◽  
2018 ◽  
Vol 11 (9) ◽  
pp. 2405 ◽  
Author(s):  
Ryan Roberts ◽  
Josephine Musango ◽  
Alan Brent ◽  
Matthew Heun
Keyword(s):  
Time Series ◽  
Economic Development ◽  
North America ◽  
Strong Correlation ◽  
Energy Cost ◽  
Time Series Data ◽  
Series Data ◽  
Cost Share ◽  
Social And Economic Development ◽  
Per Capita

This paper investigates how a change in a region’s energy cost share (ECS), a ratio of a region’s energy expenditure as a fraction of its gross domestic product (GDP), affects the region’s social and economic development. Nations from four regions of the world, namely Australasia, Europe, North America, and the BRICS nations (Brazil, Russia, India, China, and South Africa) were chosen for this study. Using time series data from the period of 1978 to 2010, the annual ECS of each country was compared to the year-on-year GDP change, as well as the components of the human development index (HDI). High ECS values were seen to correlate with low economic development. The existence of an ECS threshold was found in 14 of the 15 countries, for all the regions, and for the worldwide analysis, with very strong correlation coefficients obtained for periods of high ECS. New to this field of research, this study also investigated the effects of ECS on gross national income (GNI) per capita change, as well as the effects of 0, 1, 2, and 3 year lags. This investigation found that ECS has a very strong correlation to GNI per capita change, which was much stronger than the correlation between ECS and GDP change. The effects of ECS on social and economic development occurred after varying time lags, and it is unique to each country and region. Regions with similar ECS dynamics were identified, with possible reasons for the similarities being provided.

scholarly journals A Proposed Mechanism for Financial Reporting on Sustainable Investment and Its Role in Achieving Value Added - Applied in the Iraqi Midland Refineries Company-

2021 ◽  
Vol 27 (130) ◽  
pp. 227-242
Author(s):  
Mohammed Ataallah Ali ◽  
Salman Hussein Abdullah
Keyword(s):  
Financial Reporting ◽  
Value Added ◽  
Arab Countries ◽  
Added Value ◽  
Economic Returns ◽  
Financial Return ◽  
Oil Companies ◽  
Social Returns ◽  
Sustainable Investment ◽  
New Type

The research aims to develop a proposed mechanism for financial reporting on sustainable investment that takes the specificity of these investments. To achieve this goal, the researcher used (what if scenario) where the future financial statements were prepared for the year 2026, after completion of the sustainable project and operation, as the project requires four years to be completed. The researcher relied on the results of the researchers collected from various modern sources relevant to the research topic and published on the internet, and the financial data and information obtained to assess the reality of the company's activity and its environmental, social, and economic impacts to formulate a proposed mechanism for accounting for Sustainable Investment. And the experimental approach was adopted to provide a proposed mechanism for financial reporting on sustainable investment per international accounting and reporting standards and then applied at the Iraqi Midland refineries company. There are three main findings from the research: the first finding shows the possibility of financing these projects, because this project may not generate significant economic returns (aims to achieve environmental and social returns as well), by configuring a sustainable reserve allocated to finance these projects. The second finding shows the possibility of presenting accounts for sustainable investment separately from traditional accounts (sustainability reserves, sustainable assets, sustainable revenues, sustainability expenses), as this classification can play an important role in the financial sustainability analysis. The third finding is the application of the proposed mechanism that contributes to increase the company's added value. The practical effects of the research are to encourage Iraqi companies (oil companies in particular) to invest in sustainable assets and develop a way to assess the sustainability of companies, because Iraq is one of the most Arab countries burning Gas flare. The researcher tried to highlight this project because it is the best example of sustainable investment that achieves economic returns (the sale value of recovered gases), social returns (protection of citizens living in the vicinity of the refinery) and environmental returns (reducing greenhouse gas emissions that contribute to global warming), where companies avoid investing in these assets because of their high cost and lack of expected financial return, and the relevant international organizations seek to promote this type of investment and develop appropriate tools, and this research comes in line with international trend. The concept of sustainable investment is a relatively recent one, where the originality of the current research shows in its attempt to present a proposed mechanism of financial reporting that supports this new type of investment due to the relative importance of this new type of investment

Some Aspects of the Economic Development of India: The Problem of Accelerated Reaction

1961 ◽  
Vol 13 (4) ◽  
pp. 584-599
Author(s):  
Karl von Vorys
Keyword(s):  
Economic Development ◽  
Foreign Aid ◽  
Capita Income ◽  
National Income ◽  
Standard Of Living ◽  
Per Capita Income ◽  
Cent Increase ◽  
Private And Public ◽  
Per Capita ◽  
The Moment

It is becoming increasingly apparent that the rate of economic growth in India will have to be increased if the standard of living is to rise significantly within the foreseeable future. At the moment India is completing her Second Five-Year Plan. The objectives of the plan are indeed very modest. They provide for a 25 per cent increase in the national income and an 18 per cent increase in the per capita income over a five-year period. To reach these objectives, investment in the private and public sectors was to be increased to a rate of 10.68 per cent of the national income by 1961. An 18 per cent increase would raise the per capita income of India to only Rs 331 ($69.50) and the investment rate of 10.68 per cent may be just about sufficient for a take-off into economic development. Nevertheless, almost immediately after these targets were approved, doubts appeared whether the necessary funds for investment would become available. Although more foreign aid was provided than was originally expected, this was more than offset by the difficulties faced in mobilizing domestic resources. By 1958 the total objectives were revised downward by about 12 per cent.

A Successful Population Policy: Potentials and Constraints (Distinguishedl Lecture)

1993 ◽  
Vol 32 (4I) ◽  
pp. 411-431
Author(s):  
Hans-Rimbert Hemmer
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Population Growth ◽  
Capita Income ◽  
Population Policy ◽  
Mortality Rates ◽  
Per Capita Income ◽  
Access To Health Services ◽  
Industrial Countries ◽  
Per Capita

The current rapid population growth in many developing countries is the result of an historical process in the course of which mortality rates have fallen significantly but birthrates have remained constant or fallen only slightly. Whereas, in industrial countries, the drop in mortality rates, triggered by improvements in nutrition and progress in medicine and hygiene, was a reaction to economic development, which ensured that despite the concomitant growth in population no economic difficulties arose (the gross national product (GNP) grew faster than the population so that per capita income (PCI) continued to rise), the drop in mortality rates to be observed in developing countries over the last 60 years has been the result of exogenous influences: to a large degree the developing countries have imported the advances made in industrial countries in the fields of medicine and hygiene. Thus, the drop in mortality rates has not been the product of economic development; rather, it has occurred in isolation from it, thereby leading to a rise in population unaccompanied by economic growth. Growth in GNP has not kept pace with population growth: as a result, per capita income in many developing countries has stagnated or fallen. Mortality rates in developing countries are still higher than those in industrial countries, but the gap is closing appreciably. Ultimately, this gap is not due to differences in medical or hygienic know-how but to economic bottlenecks (e.g. malnutrition, access to health services)

Modern patterns of development of the communication and informatization sphere

2019 ◽  
pp. 14-19
Author(s):  
Maryna Demyanchuk
Keyword(s):  
Economic Development ◽  
Information And Communication Technologies ◽  
Communication Technologies ◽  
Economic Resource ◽  
Telecommunication Services ◽  
The World ◽  
Information And Communication ◽  
Per Capita ◽  
Ict Development ◽  
Telecommunications Services

Information and telecommunication services are currently a full-fledged resource for social development compared to traditional resources. The growth of the level of scientific and technological progress has led to the incredibly fast development paces in the sphere of information and communication technologies, which has a significant impact on the development of the economy. On the basis of a thorough analysis of the sectors of information and communication technologies and components of the ICT development index, the article substantiates the need for accelerated digitization of the majority of enterprises of different spheres of economic activity with the aim of qualitative development of Ukrainian economy in order to increase its competitiveness in the world. This is explained by the fact that information and technology represent the main economic resource in the period of formation of information society and digital economy, and enterprises of the sphere of communication and informatization are a catalyst for social and economic development of the country as a whole. Using a methodological toolkit of the theory of systematic and correlation-regression analysis, an economic-mathematical model of the development of the sphere of communication and informatization in the regions of the world and individual countries of the world is constructed. It is based on the existing pattern of leading development of the communications sector, but takes into account the degree of economy dependence on the ICT development, which in some regions and countries is 100%. This is due to the approaching mass availability of ICT services in some countries in these regions. On the basis of the constructed model, the forecasting of GDP PPP per capita was carried out, which showed faster rates of growth of the country’s economy with the growth of the development level of the sphere of communication and informatization and accessibility of telecommunication services. In turn, the availability of telecommunication services is influenced by the digital skills of society and the level of their prices, which has necessitated determining the dependence of GDP PPP per capita on prices for communication services of countries with varying degrees of socio-economic development. This makes it possible to identify reserves for improving the productivity of individuals while increasing the availability of telecommunications services.

Social-economic development of the Transcarpathian region: interregional and transboundary comparisons

2020 ◽  
pp. 30-36
Author(s):  
Lyubomyr Sozanskyy
Keyword(s):  
Economic Development ◽  
Social Economic ◽  
Employment Rate ◽  
Cross Border ◽  
Socio Economic Development ◽  
Per Capita ◽  
Key Indicators ◽  
Social Economic Development ◽  
Average Monthly Salary ◽  
Monthly Salary

In the article, a comparative interregional and cross-border assessment of socio-economic development of the Transcarpathian region is conducted. The results of the study are based on an analysis of the level and dynamics of such key indicators of economic and social development of the region as GRP per capita, employment rate, unemployment rate, average monthly salary, etc. According to the results of interregional comparisons, the low level of efficiency of the economy but the positive dynamics of some indicators of the labor market of the Transcarpathian region was revealed. In particular, among the regions of Ukraine in 2013-2017, the region was 22nd in terms of GRP per capita and 19th in terms of employment. At the same time, by unemployment, it rose from 15th in 2013 to 10th in 2018, and the average monthly wage ranged from 20th to 7th, respectively. Cross-border comparisons showed a significant lag behind the Transcarpathian region from the neighboring regions of Poland, Slovakia, Romania and Hungary for all considered socio-economic indicators. Thus, in particular, according to the indicator of GRP per capita, this lag compared to the Kosice region (Slovakia) in 2017 was 11.4 times. The average monthly salary in Transcarpathian region is 4 times lower than in the neighboring Kosice and Presov regions of Slovakia and the Podkarpackie voivodship of Poland. The positive dynamics in the direction of reducing the above-mentioned gaps in the level of socio-economic development of the analyzed regions in 2017-2018 are revealed. In addition, a regional peculiarity has been identified – the Transcarpathian region and the regions it borders, lag substantially behind the countries they belong to by the level of socio-economic development. As a result, the conclusion is drawn that the results of the conducted inter-regional and transboundary assessment of the socio-economic development of the Transcarpathian region will facilitate the development of inter-regional and interstate programs and strategies for the development of the Carpathian transboundary region to eliminate the identified imbalances.

Railroad Integration and Uneven Development on the European Periphery, 1870–1910

2021 ◽  
Vol 45 (2) ◽  
pp. 261-289
Author(s):  
Eduard J. Alvarez-Palau ◽  
Alfonso Díez-Minguela ◽  
Jordi Martí-Henneberg
Keyword(s):  
Economic Development ◽  
Positive Impact ◽  
Data Set ◽  
Per Capita Gdp ◽  
Catching Up ◽  
Nation States ◽  
Railroad Network ◽  
Per Capita ◽  
European Periphery ◽  
The Relationship

AbstractThis study explores the relationship between railroad integration and regional development on the European periphery between 1870 and 1910, based on a regional data set including 291 spatial units. Railroad integration is proxied by railroad density, while per capita GDP is used as an indicator of economic development. The period under study is of particular relevance as it has been associated with the second wave of railroad construction in Europe and also coincides with the industrialization of most of the continent. Overall, we found that railroads had a significant and positive impact on the growth of per capita GDP across Europe. The magnitude of this relationship appears to be relatively modest, but the results obtained are robust with respect to a number of different specifications. From a geographical perspective, we found that railroads had a significantly greater influence on regions located in countries on the northern periphery of Europe than in other outlying areas. They also helped the economies of these areas to begin the process of catching up with the continent’s industrialized core. In contrast, the regions on the southern periphery showed lower levels of economic growth, with this exacerbating the preexisting divergence in economic development. The expansion of the railroad network in them was unable to homogenize the diffusion of economic development and tended to further benefit the regions that were already industrialized. In most of the cases, the capital effect was magnified, and this contributed to the consolidation of newly created nation-states.

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