scholarly journals Repositioning of Romanian Seaside Tourism as an Effect of Climate Change

Information ◽  
2021 ◽  
Vol 12 (3) ◽  
pp. 108
Author(s):  
George-Cornel Dumitrescu ◽  
Simona Moagar Poladian ◽  
Alina-Cerasela Aluculesei
Keyword(s):  
Climate Change ◽  
Geographical Location ◽  
Secondary Data ◽  
Climatic Conditions ◽  
Tourism Industry ◽  
Summer Season ◽  
Exploratory Research ◽  
Economic Activities ◽  
Long Run ◽  
Negative Effect

The present paper examines the evolution of Romanian seaside tourism between 2008–2018 to find the connection between climate change and the number of total tourist arrivals. The vicious cycle of greenhouse gas emissions and climate change has become one of the most critical topics discussed due to its negative effect on the wellbeing of the planet and its impact on sustainable economic development in the long run. Various economic activities, including tourism, could be subject to dramatic changes due to global warming. Depending on the geographical location of tourist destinations, and the degree of fluctuation in climate indicators, there have been dramatic shifts in visitor flow. This situation has been aggravated as countries that were once famous for their summer season and seaside holidays are now affected by high temperatures. Such temperatures can hardly be tolerated by tourists, particularly those from the Nordic countries. By comparison, there are countries that have been known to have only two or three full summer months suitable for tourism at the seaside and which in the last years have had a more extended summer season. This situation could turn into a significant competitive regional economic advantage for countries such as Romania, at least in the short- and medium-term. In this context, we aim to investigate whether there are climatic conditions, such as the extension of the tourist season on the coast (in the case of destinations that have four seasons and are known for having a shorter number of summer days), that can be turned into advantages. In this regard, we have conducted exploratory research to analyse if there is a statistically significant correlation between the indicators regarding climate change and tourism arrivals on the Romanian seaside, namely Constanta county. For our study, we used secondary data, provided by the Romanian National Meteorological Administration and the National Institute of Statistics, and accumulated a detailed profile of Romanian seaside summer tourism in the context of actual climate changes and challenges. Climate change may have significant consequences on the tourism industry and economic growth as well. Information on the direct effects higher temperatures could have on tourism is lacking. Improving policy analysis is necessary to reduce uncertainties, further understanding, assess implications and enable the tourism industry to adapt to changing circumstances.

scholarly journals The Effect of Branchless Banking Strategy on the Financial Performance of Commercial Banks in Kenya

2017 ◽  
Vol 8 (4) ◽  
pp. 167 ◽  
Author(s):  
Gift Kimonge Dzombo ◽  
James M. Kilika ◽  
James Maingi
Keyword(s):  
Financial Performance ◽  
Commercial Banks ◽  
Banking Sector ◽  
Secondary Data ◽  
Exploratory Research ◽  
Electronic Banking ◽  
Economic Activities ◽  
Significance Level ◽  
Negative Effect ◽  
The Individual

The Banking sector acts as the life blood of modern trade and economic development. Commercial banks influence, facilitate and integrate the economic activities like resources mobilization, poverty elimination, production, and distribution of public finance. The financial performance of commercial banks has great implications in the financial sector and in the country at large, and will still remain an important subject of concern by all the stakeholders in the banking industry. In the last two decades, a lot of banking innovation has taken place in order to improve commercial banks financial performance. Branchless banking which involves the use of agency banking and electronic banking channels in the distribution of banking products and services is one such innovation. This study purpose was to evaluate the effect of branchless banking on the financial performance of commercial banks in Kenya. The specific objectives of the study were to analyze the individual effects of agency banking and electronic banking channels on the financial performance of commercial banks in Kenya and the combined effect of both agency and electronic banking on the financial performance of commercial banks in Kenya. The study adopted an exploratory research design. A survey of all the 42 licensed commercial banks in Kenya was done. Both primary and secondary data on branchless banking and financial performance of banks was obtained from the individual commercial banks, Central Bank of Kenya banking annual supervision reports respectively. Return on Assets (ROA) was used as the main indicator of commercial banks financial performance. The amount of investment in agency and electronic banking was used as indicator for agency and electronic banking. Data analysis was done using SPSS and STATA statistical softwares. Descriptive statistics, diagnostic tests and tests of hypothesis were done. Data was presented using tables and charts. Study findings indicated that when used in isolation; both agency and electronic banking had a significant negative effect on the financial performance of commercial banks at 5 percent significance level. However, when agency and electronic banking channels were used together as a multichannel strategy, they had a significant positive effect on bank’s financial performance at 5 percent significance level. The study recommends that for positive returns, commercial banks should invest in both agency and electronic banking as a multichannel strategy since these channels are complimentary to each other.

scholarly journals INTERVENSI KEBIJAKAN MONETER TERHADAP INVESTASI PORTOFOLIO: KASUS INDONESIA DAN AMERIKA SERIKAT

2020 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Nanda Alfarina ◽  
Hasdi Aimon
Keyword(s):  
United States ◽  
Interest Rate ◽  
Secondary Data ◽  
The United States ◽  
Portfolio Investment ◽  
Mechanism Analysis ◽  
Long Run ◽  
Negative Effect ◽  
The Difference ◽  
Effect Of Monetary Policy

This study aims to determine the effect of monetary policy measured by the central bank’s policy rate (X1) on portfolio investment (Y) in Indonesia and United States in the long run. The data used are secondary data seouced from SEKI BI, FRED The FEd, coinmarketcap.com, and investing.com, with the VECM (Vector Error Correction Mechanism) analysis methode. The study show The study shows the differences between the results that occur in Indonesia and the United States. The policy interest rate has a significant positive effect on portfolio investment in the long run in Indonesia, while in the United States the interest rate in the long run has a significant negative effect on portfolio investment. The difference in research results between the two countries shows the need for different treatment for monetary authorities in encouraging portfolio investment 

scholarly journals Credit management and performance of deposit money banks in Nigeria

2019 ◽  
Keyword(s):  
Deposit Insurance ◽  
Secondary Data ◽  
Data Bank ◽  
Positive Influence ◽  
Annual Reports ◽  
Credit Management ◽  
Long Run ◽  
Lending Rate ◽  
Negative Effect ◽  
Short Run

Granting of loans and advances remains one of the ways deposit money banks generate income to boost their performance. However, as important as this appears, it has led to incidence of rising non-performing loans in the credit portfolio of deposit money banks. Against this backdrop, this study investigated the effect of credit management on the performance of deposit money banks in Nigeria. The study employed secondary data sourced from Central Bank of Nigeria (CBN) statistical bulletin and annual reports of Nigeria Deposit Insurance Corporation (NDIC) from 1986 to2016. From the data, bank performance (dependent variable) was measured by return on assets (ROA) while credit management (independent variable) was proxied by ratio of non-performing loans to total loans (NPFL), bank deposit (BDEP) and lending rate (LENDR). The study employed autoregressive distributed lag (ARDL) technique to examine the effect of the independent variables on the dependent variable. The findings revealed that ratio of non-performing loans to total loans with coefficient of -0.362733 had negative effect in the short run but produced positive effect on performance of deposit money banks in the long run as indicated by the coefficient of 1.583503. On the other hand, bank deposit exhibited positive influence while lending rate had negative effect on the dependent variable both in the short run and long run. Given the overall significance of the model, it was concluded that credit management had significant effect on performance of deposit money banks in Nigeria. Thus, it was recommended that bank management should endeavor to reduce incidence of non-performing loans by conducting thorough assessment of any credit application prior to approval, especially customer’s character and previous credit record. Also, banks should closely monitor customer’s investment activities to ensure that granted loans are not diverted to unprofitable ventures which the loans are not initially meant for.

scholarly journals Interaksi Investasi, Dana Pihak Ketiga dan Pembiayaan Perbankan Syariah Terhadap Pertumbuhan Ekonomi di Sumatera Utara

2021 ◽  
Vol 7 (2) ◽  
Author(s):  
Sugianto Sugianto ◽  
Muhammad Yafiz ◽  
Anita Khairunnisa
Keyword(s):  
Economic Growth ◽  
Secondary Data ◽  
Third Party ◽  
Domestic Product ◽  
Islamic Banking ◽  
Domestic Investment ◽  
Vector Error Correction ◽  
Long Run ◽  
Negative Effect ◽  
North Sumatra

Economic growth is a picture to see the progress of economy a country or region, as measured with the amount of data on Gross Domestic Product (GDP) or data on Gross Regional Domestic Product (GRDP). The purpose of this study is to analyze the independence of the variables that affect economic growth, such as Domestic Investment (DI), Foreign Direct Investment (FDI), Third Party Funds (TPF) and Islamic Banking Financing. The research method uses a quantitative approach with secondary data in time series with the Vector Error Correction Model (VECM) methods and uses the help of Eviews 9 program. This study uses a sample from 2010 to 2020. The results of this study indicate that in the long run the variables of DI, FDI and Financing Islamic Banking have a positive and significant effect on the GRDP of North Sumatra, while the TPF Islamic Banking variable has a negative effect on the GRDP of North Sumatra. In the short term, the DI variable significantly affects the FDI. This study suggests that in order to advance the economy of a region, North Sumatra government should encourage and support activities carried out by DI and FDI, as well as financial institutions such as Islamic banking, which are primarily activities in the form of Third Party Funds and financing. The existence of financing disbursed by Islamic banking can provide capital assistance to business actors, so as to increase economic growth.

scholarly journals Considering Harmful Algal Blooms

2020 ◽  
Author(s):  
Ruby E. Jalgaonwala
Keyword(s):  
Climate Change ◽  
Social Life ◽  
Harmful Algal Blooms ◽  
Algal Blooms ◽  
Marine Organism ◽  
Harmful Algal Bloom ◽  
Climatic Variability ◽  
Climatic Conditions ◽  
Water Ecosystem ◽  
Negative Effect

Problematic harmful algal bloom is wide and tenacious, upsetting estuaries, coasts, and freshwaters system throughout the ecosphere, alongside disturbing human health, social life as well as national economy. Particular environmental factors supports growth of algal blooms, temperature always is significant when speaking about water-ecosystem. Disparity in temperature also found to affect the interaction of physical, chemical and biological parameters so it is equally imperative to consider effects of climate change, as change in climatic conditions supports unwanted growth of algae. Also inconsistency in climate equally contributes to the apparent increases of HAB, therefore effects of climate change needs to be totally comprehended along with development of the risk assessments and effective management of HABs. Increased HAB activities have a direct negative effect on ecosystems and they can frequently have a direct commercial impact on aquaculture, depending on the type of HAB. Causing economic impact also, as there is still insufficient evidence to resolve this problem. Therefore this chapter considers the effects of past, present and future climatic variability on HABs along with impacts of toxins release by them, on marine organism as well as human beings correspondingly, mitigation of HAB with help of suitable biological agents recognized.

scholarly journals Pengaruh Harga Emas Dunia, Harga Minyak Mentah Dunia dan Indeks Produksi Industri Terhadap Indeks Saham di Jakarta Islamic Index (JII) Dalam Jangka Panjang dan Jangka Pendek (Periode Januari 2005-Desember 2015)

2017 ◽  
Vol 4 (7) ◽  
pp. 515
Author(s):  
Dwi Purnamasari ◽  
Raditya Sukmana
Keyword(s):  
Crude Oil ◽  
Industrial Production ◽  
Secondary Data ◽  
Stock Index ◽  
Short Term ◽  
Long Run ◽  
The World ◽  
Negative Effect ◽  
Positive Effect

This research aims to know the influence of long-term and short-term world gold price, the price of crude oil to the world, and the index of industrial production against the stock index at the Jakarta Islamic Index (JII) during the period January to December 2015-2015. The object of this research is the stock index at the Jakarta Islamic Index (JII). Types of data used are secondary data. This research method using technical analysis with quantitative method of Error Correction Mechanism (ECM). The results showed that significant influence world gold prices in the long term and the short term against a stock index of JII. While the price of crude oil the world significant negative effect on the long run, and a significant positive effect on the short term. The index of industrial production turned out to be only a significant effect in the long term, but not in the short term.

scholarly journals ANALYSIS OF POTENTIAL EMPLOYMENT CONSEQUENCES ASSOCIATED WITH THE NOVEL CORONAVIRUS: CASE OF KUWAIT

2020 ◽  
Author(s):  
Dušana Alshatti Schmidt ◽  
Keyword(s):  
Labor Markets ◽  
International Institutions ◽  
Secondary Data ◽  
The Novel ◽  
Crucial Importance ◽  
Economic Activities ◽  
Long Run ◽  
Novel Coronavirus ◽  
The Impact ◽  
Future Growth

The novel coronavirus (COVID-19) outbreak has already left a mark on the economic activities and labor markets in both advanced and developing countries. While the impacts on the economy vary considerably, the oil dependent economies have been hit harder. Along with the impact of the pandemic disease, they have been contending with a major collapse in oil prices. Kuwait is the world’s seventh largest exporter of oil. Falling oil demand might affect the future growth of Kuwait’s economy in the long run, and if the crisis continues, possibility to provide employment opportunities will be challenged. The aim of this paper is to analyze potential pandemic’s impact on employment in Kuwait in comparison with the financial crisis from 2008-2009, what is of crucial importance for the businesses in the region to understand. The paper is based on a systematic review of the secondary data gathered by international institutions.

Tax-to-GDP Ratio and the Relation of Tax Revenue with GDP: Nepalese Perspective

2020 ◽  
Vol 4 (1) ◽  
pp. 80-96
Author(s):  
Arjun Kumar Dahal
Keyword(s):  
Secondary Data ◽  
Tax Revenue ◽  
Exploratory Research ◽  
Vector Error Correction ◽  
Long Run ◽  
Integration Test ◽  
Ratio Condition ◽  
The Government ◽  
Integrated Or ◽  
High Degree

 This study aims to show the tax-to-GDP ratio condition and explore the relation of tax revenue with Nepal's GDP. It is based on the secondary data that is collected from various published sources. Descriptive and exploratory research designs are used to explore the relationship between tax revenue and GDP. Some statistical and econometric tools like mean, depression, correlation, Johnsen Co-integration Test, Vector Error Correction Model (VECM), serial correlation, heteroskedasticity test, and normality test are used. There is a high degree of the positive relationship between tax revenue and GDP of Nepal. The tax revenue and GDP are co-integrated, or they have a long-run association ship. The tax-to-GDP ratio of Nepal lies in the high rank among the various developing countries. So, tax to GDP ratio alone cannot ensure its economic growth. It is advised to the concerned authorities to increase the income to increase the tax revenue; otherwise, it increases the general public's dissatisfaction with the government.

scholarly journals Investigation of Nonlinear Effects of Health Tourism on Iran's Economic Growth: Self-regression approach with distributive intervals

2020 ◽  
Author(s):  
Jafar Haghighat ◽  
Sara Masoomzadeh
Keyword(s):  
Economic Growth ◽  
Service Providers ◽  
Nonlinear Effects ◽  
Tourism Industry ◽  
Health Tourism ◽  
Positive Effects ◽  
Long Run ◽  
Regression Approach ◽  
Negative Effect ◽  
Positive Effect

Background: Since oil is not a sustainable source of income for oil-rich countries, economic planners have focused on non-oil sources of income. In this regard, the tourism industry is one of the most lucrative industries in the world.Tourism includes services that have a great impact on economic and social activities. Health tourism is one of the most important areas of the tourism industry. So, the aim of this study was to investigate the effect of health tourism shocks on economic growth in 2005-17 using the self-regression approach with distributive intervals. Methods: In this applied analytical research, the required statistics and information in terms of logarithm were collected through documentary and library methods from 2005 to 2017. Results: The experimental findings of the present study showed that the short term increase in the number of health tourists had a positive effect on the country's economic growth. The decreased number of health tourists also led to a decrease in the country's economic growth. The effective exchange rates and the number of medical services providers to tourists had negative and positive effects on the country's economic growth, respectively. In the long run, increased number of health tourists had a positive effect on economic growth, while a decrease in the number of health tourists had a negative effect on economic growth. The exchange rate and the number of health service providers to tourists had negative and positive effects on economic growth. Conclusion: Both in the short- and long-term, entry of health tourists has a positive effect on the country's economic growth. So, authorities are recommended to invest in this area to provide better services to health tourists on the economic planners and policymakers' agenda.  

scholarly journals Local community’s perception on the existing home stay program in Terai and Hilly districts of Nepal

2021 ◽  
Vol 4 (2) ◽  
pp. 116-122
Author(s):  
Tul Bahadur Saud ◽  
S. L. Menariya
Keyword(s):  
Local Governments ◽  
Rural Economy ◽  
Local Community ◽  
Secondary Data ◽  
Cross Sectional Study ◽  
Tourism Industry ◽  
Primary Data ◽  
Exploratory Research ◽  
Central State ◽  
Cross Sectional

Homestay tourism program is a new part of tourism sector which involved local community in tourism development within their own and surrounding area. It is also lately emerging tourism concept in the world. Nepal is known as an important tourist’s destination and can be a model homestay country with its abundant natural resources, multi culture, multi religion, multi ethnic, tradition life style, archeological heritage, innocent society and community. Due to all these above factors homestay tourism program became the dream for the lover of nature and experts of tourism in Nepal. Homestay program can be easily established, Promoted and developed by minimum investment and based on many aspects such as good service, safety, security, souvenir, family and attractions. It is a major tourism industry for the development of rural economy by generating huge number of employment and social benefits. The major objective of the study is the perception of community towards homestay tourism program. Descriptive and exploratory research design, cross-sectional study design and deductive approach with mixed method have been used in this study. Both primary and secondary data are used simultaneously. Primary data are collected from 348 respondents with three categories of nine study Districts. Similarly, secondary data are collected from various publications of central, state, local Governments, different articles in international journals, books, credible magazines, newspaper, reports prepared by research scholars, experts and universities and different websites etc. Finally, majority of community people have a positive perception towards on existing homestay program in Nepal.

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