The Conceptual Framework of Economic Cooperation and Integration between OIC: Empirical Evidence on Effects of Trade on Cooperation and Integration

Objective - This study aims to illustrate the conceptual framework of economic cooperation and integration between OIC countries. It also highlighted on Economic cooperation and integration theory. Methodology - This paper follows descriptive analysis approach to describe the conceptual framework of cooperation and integration between OIC countries. This paper describes the conceptual framework of economic cooperation and integration between OIC. Itexplores the channels through which trade can contribute to cooperation and integration. This study highlighted the cooperation between OIC in the light of economic integration theory. Findings - The results of this study discover the dynamic relationship between trade balance and macroeconomic elements. Novelty - This study also explains the empirical evidence on effects of trade on cooperation and integration. The study recommended to compare the results with European Union to understand the effects of trade on cooperation and integration between OIC countries. Type of Paper - Literature. Keywords: Economic Cooperation, Economic integration theory, Trade Balance and Macroeconomic Elements.

In-Firm Planning and Business Processes Management Using Deep Neural Networks

Objective - The objective of this paper is to consider using machine learning approaches for in-firm processes prediction and to give an estimation of such values as effective production quantities. Methodology - The research methodology used is a synthesis of a deep-learning model, which is used to predict half of real business data for comparison with the remaining half. The structure of the convolutional neural network (CNN) model is provided, as well as the results of experiments with real orders, procurements, and income data. The key findings in this paper are that convolutional with a long-short-memory approach is better than a single convolutional method of prediction. Findings - This research also considers useof such technologies on business digital platforms. According to the results, there are guidelines formulated for the implementation in the particular ERP systems or web business platforms. Novelty - This paper describes the practical usage of 1-dimensional(1D) convolutional neural networks and a mixed approach with convolutional and long-short memory networks for in-firm planning tasks such as income prediction, procurements, and order demand analysis. Type of Paper - Empirical. Keywords: Business; Neural, Networks; CNN; Platform JEL Classification: C45

Determine the Food Access among Low-Income Households in Rural Area, Kedah, Malaysia

Objective - This study aims to determine the low-income group in rural areas to food access. This study also determines the main source of choice for this group to get food. Methodology - This study was conducted in Baling, Sik, and Padang Terap districts in Kedah. There is 200 respondent involved in this study. Findings - The results showed that 97.87% of low-income households in Baling, 82.36% in Sik, and 71.43% in Padang Terap had low food access status and were prone to food deserts areas. Low -income households in the area prefer grocery stores for food access over supermarkets. A large number of low-income households access food at the supermarket once a month causing geographical factors. Novelty - In conclusion, policymakers need to determine the measurement and assessment of food deserts in rural areas in Malaysia. Kedai Rakyat 1 Malaysia (KR1M) and the KedaiRuncit Transformation Program (TUKAR) can be re-implemented with the improvement of their implementation structure to improve food access in rural areas. Type of Paper - Empirical. Keywords: Food Access; Low-Income Households; Food Deserts; Rural Area; Kedah

Inclusive Growth of Jambi Province

Objective - Strong economic growth is an accomplishment that is always awaited and targeted by a country or region. However, whether or not this economic growth has been in line with the reduction in poverty, the decrease in unemployed people, and the provision of many and quality jobs is still in question. Hence, the problem that needs to be investigated is whether the province of Jambi has been in inclusive economic growth and what factors are calculated and analysed for inclusion. Methodology - The method and data used are the adaptation of the main variables used by the Asian Development Bank (ADB), and the measure of the quality of economic growth is assessed from the IGI (Inclusive Growth Index). There is no previous research that scrutinized the Inclusive Growth of Jambi Province. Findings - The results show that IGI of Jambi Province has an increasing trend during the 2016 – 2020 period, although it is stagnant at a satisfactory level of progress. In relation to the level of satisfaction in 2019, it experienced growth compared to the previous year accompanied by an increase in several sub-dimensions such as the sub-dimension of productive workforce, economic infrastructure, poverty, health, education, sanitation and social protection. Meanwhile, the level of satisfaction with economic growth grew negatively, as well as the sub-dimensions of gender equality and constant income inequality. Type of Paper - Empirical Keywords: Economic Growth; IGI; Inclusive Economic; Jambi JEL Classification: O11, O4

Historical Evolution of Sustainable Community Economic Development in Business and Economics

Objective - Sustainable Community Economic Development (SCED) has gradually changed overtime from production philosophy to the welfare ideology of assuring a better future for a resilient community in business and economics. SCED contributesto poverty alleviation, employment generation, sustainable community design, disaster control and resilience, biodiversity protection, and much more.The objective of this study is to conduct a literature review of this concept fromthe global and Bangladeshi perspective. Methodology - Peer reviewed publications in English language were considered indexed on the Scopus and Web of Science database. The study designed 2timelines of SCED concept evolution based on the information derived from the existing peer-reviewed publications. Findings - Both timelines (global and Bangladeshi) were found interrelated on some points, especially the third phase of the global SCED connected with the first phase of Bangladesh's SCED timeline, immediately after the Liberation War. Novelty - The study concludes that SCED is an ever-changing area of research and future research would reveal more sustainable features that would increase the sustainability and resilience of the business community. Type of Paper - Review Keywords: Economic Development; Community Economic Development; Sustainable Community Economic Development (SCED); Bangladesh; NGOs; MFIs. JEL Classification: F63, O1, O50.

Co-Creation Strategy, New Challenges in Entrepreneurship Education

Objective - Co-creation in entrepreneurship education is related to the teacher's ability to innovate and develop new practice among the student-teacher relationship; it is also a new way to enhance creativity and student value creation. In this approach, the teacher is considered the first actor of co-creation; he creates value among co-teaching, he is a facilitator for the launch of a start-up, and he is at the core of the entrepreneurial ecosystem. Thus, teaching with value co-creation, as we define, is a learning process that combines co-creation as a venture creation tool and provides personalised support for business plan competition. In the higher education system, innovation is an indicator of quality in teaching in all discipline. For entrepreneurship education, innovation with co-creation is a pedagogical practice based on project learning experimentation. This practice is efficient when it creates value for the learner in a co-creation process that combines knowledge sharing between the stakeholders. However, selecting the appropriate pedagogical practice is a curial element in the skills development in entrepreneurship education. Indeed, using co-creation as co-teaching implicates a pre-selection of the participant. Methodology - In this study, the author uses a qualitative analysis method of interviews made with teachers implicated in a co-creation approach and students who had participated in start-up competition. The sample was selected based on (Science, Technology, Engineering and Mathematics) STEM student entrepreneur experience. Results and findings - In achieving the objective of this paper, which is to understand the use of co-creation as an innovative pedagogical practice in the area of entrepreneurship education. The results show the value creation of co-creation as a co-teaching practice and a challenging tool of enhancing entrepreneurial spirit. Type of Paper - Empirical Keywords: Co-Creation; Entrepreneurship Education; Co-Teaching. JEL Classification: M31, E24, I29.

COVID-19 Impact on Socioeconomic in the Hospitality Industry

Objective - This paper provides an overview of the COVID-19 crisis and the impact of restriction orders on the hospitality industry in Malaysia. The authors review existing studies related to COVID-19 and the hospitality industry while focusing on challenges faced by the hospitality industry in Malaysia. Then, the authors summarize the socioeconomic impact of COVID-19 on the hospitality industry. Methodology/Technique - This paper examines previous COVID-19 related research published in top-tier hospitality journals during the pandemic period of December 2019 to September 2021. Research studies were categorized by topic area, hospitality industry segment, and research methods used. Additionally, the authors explored the socioeconomic impact of the COVID-19 on hospitality industry using content analysis. Findings - Most articles focused on administration/strategy, marketing, and human resources. The findings showed some potential shifts in the methods used by researchers who published during the pandemic. The findings revealed that the pandemic has negatively impacted the socioeconomic situation in many countries. Employment, public safety, finance, and physical and mental health are among the pressing issues highlighted by most researchers. Based on the findings, the authors provide insights and recommendations for further research. Novelty - This paper represents a pioneering attempt to identify a potentially unexplored area of research related to COVID-19, particularly in Malaysia. The novelty of this paper is that the authors provide substantial discussion on the socioeconomic impact of the COVID-19 on various countries' hospitality and tourism industries. Type of Paper - Empirical. Keywords: Foodservice; Hospitality; Hotel; Malaysia; Pandemic; Socioeconomic impact; Tourism. JEL Classification: Z30

The Nexus Relationship between Exports and Government size Dynamic Panel Evidence from the MENA Region

Objective - This article aims to detect empirically, the nexus relationship between exports and government size in seven middle-income MENA countries, namely, Algeria, Egypt, Jordan, Lebanon, Morocco, Palestine, and Tunisia, from 2000 to 2019. Methodology/Technique - This article employs two econometric techniques, simultaneous equations using OLS, and recent Dynamic Panel Data system analysis. Findings - Article results show a significant and robust negative association between exports and government size that indicates the need for government adoption of a series of policies for exports promotion strategies and likewise, openness can increase both variables. Growth and FDI increase exports and decrease government size, while ODA decreases exports and increases government size with Inflation-decreasing exports. Novelty - This article shines a light on the expanded government size capable of hindering growth and exports through the adoption of unfavourable policies to support the private sector, growth, and exports. Ultimately, this determines whether government policies are favourable or not. Type of Paper - Empirical Keywords: Exports, Government size, MENA, GMM DPD system. JEL Classification: F14, H11, C33

International Financial Integration and Stock Market in Developing Countries

Objective - This study examines the relation between stock market capitalization and international financial integration for 23 developing countries during 1996 - 2018. Methodology/Technique - By using recently developed econometric panel techniques. The present paper takes into consideration cross section and structural breaks. Findings - Our findings show several interesting results. First, the existence of a long run relationship between the stock market and financial integration, particularly when private capital flows are included. Second, with the presence of structural breaks the result shows that international financial integration has a negative impact on stock market, which means that financial integration loses its explanatory power over the crisis period. Novelty - There is no applied study on the verification of the volatility of international capital flows (foreign direct investments and remittances) in the analysis of the relationship between international financial integration and stock markets. Type of Paper - Empirical Keywords: Cointegration, Cross-Section, International Financial Integration, Panel Unit Root, Structural Breaks, Stock Market. JEL Classification: C23, C51, C58, F02, F21, F24, G01.