Effects of Increased Renewable Energy Consumption on Electricity Prices: Evidence for Six South American Countries

This research examines the relationship between renewable energy consumption and electricity prices in six South American countries (Argentina, Bolivia, Colombia, Chile, Ecuador and Peru). The methodology used is a panel econometric model with annual data for the period 1990–2015. The results show that the consumption of renewable energies influences the price of electricity paid by households, although its influence is very moderate. On the other hand, it was observed that the consumption of renewable energies has no relationship with the energy prices of the industrial sector and the commercial and services sector. In the countries analyzed, an increase in GDP causes an increase in the price of energy in the industrial sector. With more CO2 emissions and a rise in the international price of oil, the annual average price of the industrial sector decreases.

The Creative Services Sector in Polish Cities

The creative services sector plays an important and constantly growing role in the modern economy. This publication presents the results of extensive research on the functioning of the creative sector in Polish cities, conducted on a representative sample of 287 cities located throughout Poland. The sample was good in such a way as to maintain the structure by province. The survey included questions rated on a 5-point Likert scale. The aim of the research was to study the functioning of the creative sector in Polish cities and to determine whether the active involvement of public administration in its development has a positive impact on this sector. The research was carried out on the example of a medium-sized European country, which is Poland. The original contribution of the authors of the publication is to demonstrate, on a large research sample, the existence of a positive impact of the municipal office’s activities on the creative sector for example using special funds to boost creativity sector in the city, and to ascertain the existence of a linear relationship between the city size and the level of the creative sector functioning in it.

Approaches to Efficiency Assessing of Regional Knowledge-Intensive Services Sector Development Using Data Envelopment Analysis

The sector of knowledge-intensive services is one of the fastest-growing sectors in the present-day economy of knowledge, which explains the scientific interest in developing methods of its quantitative assessment. The object of the research is the development of new approaches to the mathematical modeling of the efficiency of the regional knowledge-intensive services sector, based on a distance function approach to assess productivity changes. An approach was proposed to analyze the efficiency of this sector using data envelopment analysis and Malmquist productivity index and its components. The article presents the results of the assessment of indicators characterizing the development of knowledge-intensive services in education, innovation, and ICT obtained from 80 Russian regions for the period 2010–2020. To perform the analysis, the following input variables were used: volume of investments in fixed assets in ICT; share of personnel employed in the ICT; share of internal expenditures on R&D in GRP; the number of personnel engaged in R&D; share of innovative-active organizations and registered patents; funding for higher education institutions; and the number of higher education institutions graduated. Output variables were number of used advanced production technologies in the region; share of innovative goods, works, and services in GRP, and use of the intellectual property. As a result of applying the data envelopment analysis, Malmquist productivity index and its components, data were obtained on the positive dynamics of the development of the knowledge-intensive services sector in Russian regions and conclusions were drawn about the sector’s growth sources due to economies of scale.

What Can Motivate Me to Keep Working? Analysis of Older Finance Professionals’ Discourse Using Self-Determination Theory

The twin issues of population aging and critical talent shortages induce employers to encourage older workers to prolong their professional lives. Over the past two decades, studies have mainly examined which human resources practices influence older workers’ ability, motivation, and opportunity to continue working. Our conceptual lens rest on self-determination theory (SDT). This study explores how older professionals in the financial services sector may see how three psychological needs (i.e., autonomy, competence, and relatedness) are satisfied or frustrated through various management practices such as monetary rewards, benefits, career development, and work content and context. Our interviews with older finance professionals also show the relevance of a fourth need, beneficence, to understand their decision to continue to work. Results of this study are likely to be significant at both managerial and societal levels in the perspective of sustainable development or employability.

An Investigation of Repurchase Intentions in the Banking Industry: What Reason Do They Return?

In an increasingly competitive market, customer retention is imperative for businesses in the services sector, particularly banks. This study aims to understand how relationship quality as second-order impacts repurchase intentions based on the Theory of Repurchase Decision Making (TRD). The switching cost moderating role is addressed. The model was validated using empirical data from Pakistan. A regression modeling was adopted to measure the research hypotheses that underpinned a proposed conceptual model. Results show that relationship quality positively and significantly influences the repurchase intentions. Switching cost determined to be a moderator between relationship quality and repurchase intentions. The implication is that services industry professionals should not overlook the importance of relationship quality and switching costs, as they have a significant impact on repurchase intentions.

Key Factors for Measuring Value Co-Creation in the Industrial Service Ecosystem

Managing and measuring value co-creation in industrial services are emerging themes from the perspective of industry and scientific research. Thus, this chapter aims to review the literature in order to identify the criteria for value co-creation management and measuring used to measure value co-creation in the industrial service ecosystem. To achieve this goal, the authors conducted a systematic literature review and a content analysis of the portfolio resulting from the review. Based on the findings, eight criteria were listed for managing value co-creation in the B2B (business-to-business) services sector. In addition, they identified a lack of limited integration and interdependence between the criteria shown in the literature for cooperative service management among companies.

Sustainable Gig Economy Finance Towards GDP Growth of India Through “Aatmanirbhar Bharat”

In recent years, India has become the world's fastest-growing major economy. Its development has been fuelled mostly by the services sector, which accounts for over 55% of GDP, as contrasting to the industrial sector, which has remained stable at roughly 16%. To facilitate ‘Aatmanirbhar Bharat', the government has brought in the product-linked incentive (PLI) scheme to encourage several sectors to increase their local manufacturing and supply chain base, among other things, to help India become self-reliant for high end products. These efforts will aid in the creation of jobs, the alleviation of stressed sectors, the assurance of liquidity, the boost of manufacturing, the energization of the real estate industry, and the assistance of farmers. The chapter aims to evaluate the Balance of Payment of India as structural growth country wise and sector wise growth of FDI in India as well as the ‘Aaatmanirbhar Bharat' status and stimulus packages, which have been announced for sustainable growth of GDP during this pandemic situation.

The transition toward the business formality of the Peruvian MSEs: How does the perception of entrepreneurs and the sector influence?

PurposeThe formalization of a company is a process that requires compliance with standards established by government institutions. In developing countries, many businesses start this process, but do not finish it, with different levels of formality. The objective of this research is to analyze how the perception of entrepreneurs about bureaucratic procedures and the sector determine the level of formality regarding an established company that has taken the first step to formality.Design/methodology/approachThe National Survey of Micro and Small Enterprises (MSEs) is used with a sample of 4,619 Peruvian MSEs with more than three years of operation within the manufacturing and services sector. The data are analyzed with the ordered logistic regression technique.FindingsThe results show that the more favorable the perception of entrepreneurs about the ease of bureaucratic procedures, the higher the level of business formality; and companies in the manufacturing sector are less formal than those in the services sector. In addition, the perceptions of entrepreneurs positively moderate the level of formality in the case of companies in the manufacturing sector.Originality/valueLevels of formality in established companies are analyzed, defined by the compliance degree with the requirements to be a formal company. The literature on business informality in emerging countries is expanded, particularly in Latin America, incorporating the analysis of the formalization process.