How does regulatory framework impact sectoral performance? A systematic literature review

PurposeThe regulatory framework may be construed as the existence of supporting infrastructure that assists in control, direction/implementation of a proposed course of law, rule or action. The regulatory order is now more formalized, expert-driven, transparent, independent and pervasive across countries and sectors. As a result, regulatory reforms enable markets to function efficiently by providing a supportive environment for increased investment, private sector growth and market-led economic growth. This study aims to review previous literature for understanding the impact of sectoral regulatory framework on sectoral performance.Design/methodology/approachThis paper has adopted a systematic literature review to understand dynamics between the sectoral regulatory framework and sectoral performance. While seven multidisciplinary databases were used to identify 51 research articles, the bibliometric research profiling was executed to broaden academic research.FindingsThe results are organized into three broad categories: research context, research area and research methods. The identified articles exhibited association with 12 distinct sectors/industries, with maximum articles belonging to telecom, energy and finance industries. The study has focused on evolution of regulatory studies, impact of regulatory framework on sectoral performance and commonality in regulatory studies. Among the 15 distinct research contexts identified in this systematic literature review (SLR), the highest mapping was registered (from 23 articles) by the research context “impact of regulatory framework on the sector–institutions, infrastructure and performance indicators.”Practical implicationsPublic administration researchers are increasingly using mixed methods research approaches to add diverse and novel perspectives on wicked problems. The qualitative approach (grounded theory, action research, phenomenology and participant observations) is appropriate for understanding the native viewpoints of regulatory practitioners and reducing the gap between rigor and relevance.Originality/valueThe study addresses lack of systematic review of articles covering the impact of regulatory framework on sectoral performance encompassing all sectors by, inter alia, collating important bibliometric profiles of the identified articles.

Sectoral Performance and the Government Interventions during COVID-19 Pandemic: Australian Evidence

This study explores the contrasting impacts of the COVID-19 pandemic on various industries in Australia. Considering all daily announced information, we analyzed the diverse impacts of COVID-19 on the sectoral stock returns from 26 January to 20 July 2020. Sixteen out of twenty examined stock indices negatively react to the daily rise in COVID-19 confirmed cases. Several actions from the Australian government to control the pandemic are relatively ineffective in boosting the overall financial market; however, some positive interactions are captured in five sectors of industrials, health care, metals and mining, materials, and resources. The result shows that all industries that benefited from government financial assistance are either shielded or less severely affected by the pandemic. While sectors that did not directly receive financial remedies relatively showed no enhancement in their overall performance. Having achieved short-term success in helping the economy, the government recorded an all-time high deficit since 2004 that might eventually lead to adverse effects on the overall economy. The Australian equity market is found to be rationally distinct to the crude oil price risk, while positive correlations between AUD/USD rate and real estate-related sectors are reported.

APEC: Assessing progress towards the Bogor goals

Over 30 years, the Asia-Pacific Economic Cooperation has evolved from an informal consultative dialogue into a leading inter-economy forum for promoting open trade and investment, business facilitation, as well as economic and technical cooperation. The number of APEC economies has increased, the agenda has expanded significantly to include, for example, environmental issues, digitalization, and social aspects of regulation. At the same time, in the institutional sphere, the forum has preserved the principle of consensus in decision-making, as well as the voluntary nature of commitments made by participants and the lack of mechanisms to enforce them. There is not much research on the overall results of APEC’s activities, especially on quantitative assessments of sectoral performance. The article provides an overview of international studies analyzing the forum’s achievement in different areas, including the “Bogor Goals” of trade and investment liberalization in the region. In addition, the authors conducted their own quantitative evaluation of APEC’s sectoral performance based on I. Yamazawa’s methodology and developed proposals for improving the methodology. The assessments have shown that APEC has been very successful in promoting the Bogor Goals, though the economies still have not achieved full liberalization of trade and investment in the region by 2020 deadline. Nevertheless, APEC continues its work to promote trade globalization, share regulatory experiences and best practices, harmonize standards, and improve connectivity in the region.

Shift Share Analysis to Determine Sectoral Performance of the Sectoral Economy of the Gorontalo Regional

This article aims to analyze the economy of regencies and cities in Gorontalo Province. The research methodology used is to use Shift Share analysis to analyze components in determining the growth of economies in the regency and cities in Gorontalo Province in 2010-2019 obtained from Regency / City BPS in Gorontalo. The results of the study showed economic growth in Gorontalo City and Gorontalo Regency including growing rapidly, and Pohuwato Regency, Bone Bolango Regency, North Gorontalo Regency, and Boalemo Regency grew slowly, that districts/cities have different regional potential so that they still need support for development policies Furthermore and equalization of the Gorontalo Regional Government.

Exchange Rate Fluctuations and Sectoral Performance of the Nigerian Economy (1980- 2016)

The structure of Nigerian economy has changed considerably over the years. The economy is classified into five interrelated sectors; the agriculture, Industry, construction, trade and services (CBN 2016). Some of these sectors have contributed to the national output and government revenue at different point in time. Different exchange rate regimes implemented in the country have had varying degrees of impact on the performance of the economic sectors. Depending on the foreign exchange component of inputs into the various sectors and the export earning potential of each sector, sectoral performance has shown high level of sensitivity to exchange rate fluctuations. Fluctuations in exchange rate affect the cost of production in the various sectors of the economy. It is, therefore, not surprising that exchange rate is among the most watched, analysed and government manipulated macroeconomic indicator as it plays a vital role in a country’s level of trade, which is critical for every free market economy in the world. This paper is a review of the performance of the Nigerian economy in the light of the volatility of exchange rates in Nigeria.

Development of Agribusiness in Ukraine: Analysis, Evaluation and Audit

The article explores the tendencies in the development of the agrarian market of Ukraine. The place of evaluation, analysis and audit of agribusiness, in particular large agriholdings, in ensuring the trust of users of information to their activities is determined. Significance of the agrarian sector for the national economy is proved through the consideration of its share and its dynamics in GDP generation. The average sectoral performance indicators of agribusiness activity in Ukraine in 2017-2019 were analyzed and evaluated. The significance of the negative impact of quarantine restrictions caused by the COVID-19 pandemic on the agrarian market of Ukraine is determined. In addition, other factors hindering the development of the agrarian market in Ukraine during 2015-2020 are examined. The balance of key indicators in the market that is kept between the values of national production, domestic consumption, export and import of agrarian products is researched and the export direction of development of the Ukrainian agrarian market is proved. It is emphasized that there is no shortage of agrarian products on the national market. The article contains a list of the largest farmers in Ukraine in terms of annual income, land bank size and employment activity of the population. In addition, the research determines the high level of investment attractiveness of the agrarian market of Ukraine, and therefore proves the need to conduct an audit of agribusiness to ensure a high level of trust of foreign investors to the actors of the agrarian market. Conclusions have been drawn about the effectiveness of this activity and a prediction for the future is made.