scholarly journals Perception and Drivers of Financial Constraints for the Sustainable Development

2020 ◽  
Vol 12 (17) ◽  
pp. 7217
Author(s):  
Tamara Teplova ◽  
Tatiana Sokolova ◽  
Mariya Gubareva ◽  
Kristina Galenskaya ◽  
Andrey Teplov
Keyword(s):  
Sustainable Development ◽  
Financial Constraints ◽  
Institutional Environment ◽  
Academic Research ◽  
State Ownership ◽  
Policy Makers ◽  
The Sustainable Development ◽  
Debt Market ◽  
The Impact

Financial market imperfections constrain firms’ ability to obtain funds. This is especially true for the former communist bloc countries. However, the restrictions on access to financing and the attitudes of management in these geographies remain overlooked by academic research and represent an important obstacle on the roadmap to sustainable development. The objective of this paper is to fill this gap by analyzing the impact of ownership structure, institutional environment development, and debt market profile on the perception of financial constraints by the representatives of corporate top management from 28 countries of the former communist bloc. Our analysis spans over the period 2002–2013. We apply the probit and Heckman models to investigate nonlinear and multicast effects of the considered factors. We evidence that during the crisis and post-crisis periods, foreign ownership alleviates the restrictions on access to financial resources. We also discuss the role of state ownership. We find that the volume of local currency bond market has a nonlinear U-shape relationship. Our results are useful for policy makers focused on sustainable development of the former communist economies by means of improving access of businesses to financing.

scholarly journals The Impact of the Implementation of Cohesion Policy on the Sustainable Development of EU Countries

2019 ◽  
Vol 11 (15) ◽  
pp. 4173 ◽  
Author(s):  
Ramona Pîrvu ◽  
Cristian Drăgan ◽  
Gheorghe Axinte ◽  
Sorin Dinulescu ◽  
Mihaela Lupăncescu ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Cohesion Policy ◽  
Member States ◽  
Policy Makers ◽  
The Sustainable Development ◽  
Eu Countries ◽  
Starting Point ◽  
The Impact ◽  
Official Data ◽  
The Eu

The impact of implementation of cohesion policy on the sustainable development of EU countries is of great interest and presents a number of actual challenges. This research aims to evaluate the impact and the effects of the cohesion policy among the Member States using hierarchical clustering analysis in order to identify how the selected variables affect the sustainable development adopted models. The variables used in the analysis were selected on the basis of official data provided by the European Commission, SDG Index and Dashboards Reports and the EU Cohesion Monitor. The results of the research have led to the grouping of the 28 Member States in a number of six clusters, identifying performers but also those countries that have a high potential for sustainable development or which require increased attention to be sustained in recovering existing gaps. The results of the study can be a starting point for policy makers and other stakeholders involved in their efforts to support sustainable development through effective and effective policies.

THE ROLE OF HARMONIZATION OF ACTIVITIES TO IMPROVE THE RATING OF RUSSIA IN THE INTERNATIONAL STATISTICAL COMPARISONS IN TELECOMMUNICATIONS AND ICT

2020 ◽  
Author(s):  
Н.П. РЕЗНИКОВА ◽  
Г.С. АРТЕМЬЕВА ◽  
Д.В. КАЛЮГА
Keyword(s):  
Sustainable Development ◽  
Sustainable Development Goals ◽  
International Telecommunication Union ◽  
The Sustainable Development ◽  
International Telecommunication ◽  
Development Goals ◽  
The Russian Federation ◽  
Ict Development ◽  
The Impact

Представлены основные направления для поиска путей улучшения рейтинга Российской Федерации в международных статистических сопоставлениях в сфере электросвязи/ИКТ с учетом необходимости гармонизации разнообразных направлений деятельности, связанных с оценкой влияния электросвязи/ИКТ на достижение Целей устойчивого развития, а также с появлением Нового индекса Международного союза электросвязи (МСЭ) взамен Индекса развития ИКТ(IDI). OThe main directions for finding ways to improve the rating of the Russian Federation in international statistical comparisons in the field of telecommunications/ICT are presented, taking into account the need to harmonize various activities related to assessing the impact of telecommunications/ICTs on achieving the sustainable development goals, as well as the advent of the new International Telecommunication Union Index instead of the ICT Development Index (IDI).

scholarly journals Institutional Quality and Sustainable Development of Industries’ Exports: Evidence from China

2018 ◽  
Vol 10 (11) ◽  
pp. 4173 ◽  
Author(s):  
Feifei Wu ◽  
Xinyu Yan
Keyword(s):  
Sustainable Development ◽  
Institutional Environment ◽  
Institutional Quality ◽  
Emerging Countries ◽  
The Sustainable Development ◽  
Continuous Release ◽  
Comparative Advantages ◽  
Underlying Mechanisms ◽  
The Impact ◽  
New Evidence

The knowledge about the relations between domestic institutional quality and the sustainable development of exports in emerging markets remains limited, since most research into the relations between the institutional environment and the sustainable development of exports has been conducted in developed market economies, especially in those of North America and Europe. With dynamic changes in the institutional environment of emerging countries over the years, this paper provides a novel perspective for investigating the relations above. This is the first paper to investigate the impact of institutional quality on the sustainable development of industries’ exports in emerging countries from a comprehensive perspective of multiple institutional environments and multi-dimensional industries’ heterogeneity. On the basis of defining institutional quality and industry heterogeneity, this paper explores the underlying mechanisms of institutional quality affecting sustainable development of industries’ exports and conducts empirical analyses by using the data from China’s 20 industries’ exports to 117 countries for the period of 1996–2011. The results show that: (a) Industries with higher degrees of financial dependence or higher product technical complexities have export comparative advantages in better financial environments; (b) Industries with higher research and development (R&D) intensity or a higher concentration of intermediate inputs have export comparative advantages in better legal environments; (c) The differences in the level of financial development or in the efficiency of legal system would influence the effects of interactions between institutional quality and industry heterogeneity on the sustainable development of industries’ exports. The present paper provides new evidence that institutional quality does promote the sustainable development of industries’ exports in emerging countries. These results indicate that exports of heterogeneous industries in emerging economies are an adaptive response to the specific institutional environment, as well as a continuous release of institutional dividends with the improvement of the institutional environment.

Achieving the Sustainable Development Goals

2021 ◽  
pp. 280-295
Author(s):  
Nur Farhah Mahadi ◽  
Nor Razinah Mohd. Zain ◽  
Shamsuddeen Muhammad Ahmad
Keyword(s):  
Sustainable Development ◽  
Sustainable Development Goals ◽  
Empirical Studies ◽  
Financial Inclusion ◽  
Policy Makers ◽  
The Sustainable Development ◽  
Development Goals ◽  
Corporate Social ◽  
The Relationship

The purpose of this study is to explore the role of Islamic social finance towards realising financial inclusion in achieving nine of the seventeen goals of sustainable development goals (SDGs) which are SDG1, SDG2, SDG3, SDG4, SDG5, SDG8, SDG9, SDG10, and SDG17 in the 2030 agenda for SDGs, as propagated by United Nations Member States in 2015. Then, a critical analysis is made to explain the possible contribution of Islamic social finance in achieving financial inclusion which is aligned with SDGs that brings balanced to the physical, emotional, mental, and spiritual of the community in supporting overall economic growth which finally combats the economic impact of the COVID-19 pandemic. Further research and empirical studies can be conducted to explore the relationship between Islamic social finance, financial inclusion, and SDGs which in tandem with Maqᾱṣid al-Sharῑ῾ah to equip ourselves in unpredictable economic hiccups during COVID-19. The results may also motivate the financial industries to promote Islamic social finance products and corporate social responsibilities as well as enhance the development of Islamic social finance towards achieving financial inclusion in fulfilling SDGs which soon will provide significant social impacts as the results will enable new initiatives by industries and policy makers to develop Islamic social finance in attaining financial inclusion to achieve SDGs which is seen as being parallel with Maqᾱṣid al-Sharῑ῾ah especially in resolving economic issues of COVID-19.

scholarly journals The Impact of Tourism on Sustainable Development of Rural Areas: Evidence from Romania

2018 ◽  
Vol 10 (10) ◽  
pp. 3529 ◽  
Author(s):  
Bogdan-Constantin Ibănescu ◽  
Oana Stoleriu ◽  
Alina Munteanu ◽  
Corneliu Iațu
Keyword(s):  
Sustainable Development ◽  
Rural Areas ◽  
Rural Tourism ◽  
Public Utilities ◽  
Economic Sustainability ◽  
Policy Makers ◽  
The Sustainable Development ◽  
The Impact ◽  
Composite Indexes ◽  
Positive Effect

Rural tourism has been seen during the last decades as a means for economic development of sensitive localities, especially in rural areas. However, little research has been conducted on the sustainability of the development induced by tourism activities in rural areas, and even so, with contradictory results. Our paper investigated how tourism impacted on the sustainable development of rural localities, focusing on three composite indexes: demographic stability, public utilities, and socio-economic sustainability. Mann–Whitney U test was used to determine the differences on each of the above-mentioned indexes between the rural localities with tourist arrivals and those without. The results showed that there is a significant positive effect of tourism on rural areas translated into higher values of all the indexes analyzed. This study brings valuable contributions to both academics and policy-makers: on one hand, it provides new insights into the impact of tourism activities; on the other hand, it offers valuable information to decisional actors regarding development strategies.

scholarly journals The Penetration of New Generation Information Technology and Sustainable Development of Regional Economy in China—Moderation Effect of Institutional Environment

2021 ◽  
Vol 13 (3) ◽  
pp. 1163
Author(s):  
Long Cheng ◽  
Shiyuan Zhang ◽  
Xuming Lou ◽  
Yang Yang ◽  
Weifeng Jia
Keyword(s):  
Information Technology ◽  
Sustainable Development ◽  
Regional Economy ◽  
Institutional Environment ◽  
Generalized Least Squares ◽  
The Sustainable Development ◽  
Moderation Effect ◽  
New Generation ◽  
The Impact ◽  
Generation Information

Sustainable economic development is an important force to enhance the comprehensive national strength. It mainly depends on the breakthrough and innovation of science and technology. The new generation of information technology (NGIT) is the most active field in scientific and technological innovation. It is of great significance to deeply consider the relationship between the new generation of information technology and the sustainable development of a regional economy. In this study, 29 provinces and cities in China from 2009 to 2018 were selected and use the feasible generalized least squares (FGLS) method to empirically analyze the impact of the new generation of information technology on the sustainable development of regional economy. Simultaneously, it analyzes the differences between NGIT and economy sustainable development of the regional economy under different institutional environments. According to the research results, there is a positive correlation between new-generation information technology and the sustainable development of a regional economy. There is a positive U-shaped relationship between the penetration depth of NGIT and the sustainable development of a regional economy. Simultaneously, the higher the institutional environment’s level, the stronger the positive relationship between the penetration of NGIT and the sustainable development of a regional economy.

scholarly journals The role of administrative courts in shaping the development directions of the sustainable development principle: remarks regarding case-law in environmental protection and spatial planning cases

2021 ◽  
Vol 20 (4) ◽  
pp. 779-795
Author(s):  
Sylwia Jaśkiewicz-Kamińska
Keyword(s):  
Sustainable Development ◽  
Environmental Protection ◽  
Public Administration ◽  
Spatial Planning ◽  
Case Law ◽  
The Sustainable Development ◽  
Application Of Law ◽  
Administrative Courts ◽  
The Impact

Motivation: This text presents the results of the process of juridization of the sustainable development principle in international, EU and national law, as well as the development of that principle with regard to the application of law practice. Aim: At the same time, the text attempts to define the role of an administrative court as a body reinterpreting the sustainable development principle in environmental protection and spatial planning cases, bearing in mind both the ecological as well as social justice outlook Results: As a result, the study presented focuses on determining the impact of the administrative courts’ established case-law on the application of the sustainable development principle by national public administration authorities.

Sustainable Development Ideas: an “Apple of Discord" or a Platform for Unification?

2017 ◽  
Vol 2017 (6) ◽  
pp. 23-41
Author(s):  
Zhanna Mingaleva
Keyword(s):  
Sustainable Development ◽  
Agricultural Production ◽  
The Sustainable Development ◽  
Global Environmental ◽  
The World ◽  
Global Problems ◽  
Alternative Approaches ◽  
Urbanization Rate ◽  
The Impact

The article analyzes the main foreign approaches to the interpretation of the “sustainable development” definition, the directions for the formation of various concepts, programs, political attitudes based on the definition and ideas of sustainable development, identifies shortcomings of the most common approaches and concepts. An overview of the main approaches and theories of sustainable development is compiled, their classification is proposed, a spatial model of the conceptual areas of the concept of “sustainable development” and spheres of its application is presented. The study concluded that the alternative approaches to understanding the role of the environment in the existence of mankind, to the assessment of both the impact of industrial and agricultural production and the results of people’s livelihoods (especially in the context of a sharp increase of urbanization rate) on the global environmental situation, have led to the formation of various concepts of sustainable development that form the basis of national strategies and programs of sustainable development. As a result, the ideas, and the very concept of sustainable development, are increasingly becoming a field of disagreements and contradictions between states and individual regions of the world, rather than a common platform for combining efforts to solve global problems of mankind.

Sustainable Education

2017 ◽  
pp. 843-867
Author(s):  
Muhammad Zahid ◽  
Zulkipli Ghazali ◽  
Haseeb Ur Rahman
Keyword(s):  
Sustainable Development ◽  
Three Dimensions ◽  
Vision 2020 ◽  
Policy Makers ◽  
The Sustainable Development ◽  
Present Generation ◽  
Regulatory Bodies ◽  
The University ◽  
Practical Implications

The sustainable development (hereafter, S.D.) aims a growth that could satisfy the wants and needs of present generation without affecting future generations. Accordingly, this study investigates the role of HEIs in S.D. by selecting the case of Universiti Teknologi PETRONAS, Malaysia. The study adapted the universities sustainable development initiatives checklist/index for qualitative analysis of the main website, operational documents, and practical initiatives of the university for S.D. The findings revealed that the university has good and meaningful contributions towards three dimensions of S.D. i.e. economic, social and environment. The study proposed an improvement in Education for Sustainable Development (ESD) and implementation of S.D. framework for universities. The findings have significance and practical implications for academia, regulatory bodies, policy makers, and HEIs. Also, the findings are significant in association with new economic model (NEM) and vision 2020 of Malaysia.

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