Modeling the Impacts of MSMEs’ Contributions to GDP and their Constraints on Unemployment: The Case of African’s Most Populous Country

Onifade, Stephen Taiwo; Acet, Hakan; Çevik, Savaş

doi:10.2478/sbe-2022-0011

Cited by 30 publications

(14 citation statements)

References 43 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Replacing felled forests is not simple, so Finland must strive to reduce the generation of emissions in industrial processes in which SMEs play a significant role. The government must support SMEs and think of ways to get companies to invest in better technology and support companies in developing their internal processes, as Alola and Onifade (2022) and Taiwo et al (2022) state.…”

Section: Discussionmentioning

confidence: 99%

“…This lack of perspective makes it difficult to implement investments in environmental innovations because the payback period for these investments may be relatively long. This is one reason why Taiwo et al (2022) recommended that governments design favorable financing forms for SMEs. Large polluters who can improve their processes through small investments receive the most significant benefits from environmental measures.…”

mentioning

confidence: 99%

See 1 more Smart Citation

The effects of soft total quality management on the sustainable development of SMEs

Lepistö

Saunila

Ukko

2023

Sustainable Development

View full text Add to dashboard Cite

This study investigates the soft total quality management (soft TQM) dimensions that affect the environmental and social sustainability of Finnish small and medium‐sized enterprises (SMEs), considering the company‘s business, size, and possible certificates as control variables. Sustainable business has been found to be key to the success of companies, so investing in it is essential for companies. With the help of extensive literature research, the TQM dimensions covering the entire business activity were determined, from which detailed issues were identified. To ascertain the level of implementation of detailed issues, the survey was constructed and sent to 6889 randomly selected CEOs in autumn 2020. A total of 271 responses were received. Based on prior literature and studies, 10 hypotheses were proposed. The collected data were analyzed using regression analysis. The results reveal that two practices—business management systems and human resources (HR) practices—were related to environmental sustainability, while only business management system was related to social sustainability. None of the control variables affected environmental sustainability; however, the industrial sector influenced social sustainability. The study presents recommendations for company managers and the government to support sustainable development, especially in Finnish SMEs. As a practical contribution, the study demonstrates the importance of designing and implementing business management systems for enhanced sustainability. Management should also appreciate that sustainability will not automatically be set at a high level upon certification; thus, the performance of operations and processes should be monitored.

show abstract

Section: Discussionmentioning

confidence: 99%

mentioning

confidence: 99%

The effects of soft total quality management on the sustainable development of SMEs

Lepistö

Saunila

Ukko

2023

Sustainable Development

View full text Add to dashboard Cite

show abstract

“…Subsequently, having established the unit‐root properties of the variables and given the need to account for cross‐sectional dependence, the cointegration approach of Westerlund (2007) was applied to test for level relationships for the panel study. The Westerlund (2007) approach has been noted to be more appropriate for establishing level relationships among variables in a panel study of this kind compared to the application of first‐generation cointegration techniques as seen in some empirical studies (Ay et al, 2020; Baloch et al, 2021; Hakan et al, 2022; Sharif et al, 2019; Taiwo et al, 2020).

Δ {normalY}_{italicit} = {normalδ}_{i} {normald}_{t} + {normalϕ}_{i} {normalY}_{it - 1} + {normalλ}_{i} {normalX}_{it - 1} + \sum_{j = 1}^{italicpi} {normalϕ}_{italicij} {ΔY}_{i, t - j} + \sum_{j = 0}^{italicpi} {normalγ}_{italicij} {ΔX}_{i, t - j} + ε_{italicit}

…”

Section: Empirical Proceduresmentioning

confidence: 99%

Do natural resources and economic components exhibit differential quantile environmental effects?

Onifade

Haouas

Alola

2023

Natural Resources Forum

View full text Add to dashboard Cite

In view of the resource curse assumption, the environmental aspects of resource utilization are arguably posing more dangers to human existence. In the Middle East and North Africa (MENA) region, the region that holds more than 60% and 50% of the world's oil and gas reserves respectively, the need to examine the contribution of natural resources to environmental quality among other factors cannot be overemphasized. By leveraging on the novelty of observing the differential impact of natural resources and other economic components such as income and primary energy utilizations across the quantiles of carbon emission, this study implements the quantile regression approach alongside other relevant techniques to analyze data between 1990 and 2018 for selected countries in the MENA region including Saudi Arabia, Iran, Kuwait, Qatar, Algeria, Morocco, Oman, Egypt, and the United Arab Emirates (UAE). The result posits that natural resource utilization generally hampers the environment across the quantiles. However, this negative effect decreases until the 50th quantile before starting to rise again toward the upper quantiles. Additionally, primary energy utilization and globalization respectively worsen and improve environmental quantile, especially toward the upper quantiles while income affirms the inverted U‐shaped hypothesis across the entire quantiles. Moreover, there is a statistically significant one‐way directional causality from natural resources, economic expansion, primary energy use, and globalization to carbon emission levels. Hence, the study offers environmentally friendly resource utilization policies to the MENA economies and other resource‐rich states by extension.

show abstract

“…Their purpose is to earn a high-end return for a short time period of five to seven years and then exit. It is being considered as an alternative source of financing and is attracting lots of interest from governments worldwide (Mingo et al, 2018;Vanacker et al, 2020;Indahl and Jacobsen, 2019;Taiwo and Hakan, 2022). There is no literature exploring the involvement of private equity as a source of finance in carbon emissions and their effect on environmental pollution.…”

Section: Effect Of Private Equity Inflows On Co 2 Emissions In Brics ...mentioning

confidence: 99%

The impact of private equity investment and renewable energy on environmental degradation: evidence from BRICS countries

Malik

Sharma

2023

IJESM

View full text Add to dashboard Cite

Purpose Large-scale industrialization, growth and development have come at the cost of severe environmental degradation, primarily measured in terms of carbon dioxide emissions. Apart from the several measures taken to reduce enviornmental degradation, provision of private capital is a necessity apart from the public capital. There is a debate on impact of carbon dioxide emissions with increase in affluence, technology, population and renewable energy. The purpose of the study is to look into the role of private equity investment on renewable energy and technological patents. Design/methodology/approach The study extends the use of stochastic impact by regression on population, affluence and technology model to include another factor for investments and capital, i.e. private equity along with renewable energy, population, technology and GDP growth on carbon emissions for the BRICS countries. The time period for the study is from 2002 to 2021, and the relationship between the variables has been tested using pooled mean group/autoregressive distributed lag, fully modified ordinary least squares and panel quantile regression. Findings First, the results depict a log-run relationship between the variables across the panel using cointegration. Private equity investments do not have a significant impact on carbon emissions. The study proposes important policy implications. There are two schools of thought on the impact of private equity on carbon emissions. For example, inherently private equity investments come with higher stakes and a shorter holding period because of which their primary focus remains on having higher returns instead of responsible investing. However, as private equity adds up to capital, which leads to an increase in productivity and eventually higher economic growth, this could affect carbon emissions. This study supports the first thought. Additionally, renewable energy also affects carbon emissions positively. The policymakers should look into the role and intent of the private equity investors in green investments and invest in technologies and patents that can lead to energy consumption. Originality/value The paper is the first of its kind, to the best of the authors’ knowledge, to look into the impact of private equity on renewable energy and technological patents.

show abstract

Modeling the Impacts of MSMEs’ Contributions to GDP and their Constraints on Unemployment: The Case of African’s Most Populous Country

Cited by 30 publications

References 43 publications

The effects of soft total quality management on the sustainable development of SMEs

The effects of soft total quality management on the sustainable development of SMEs

Do natural resources and economic components exhibit differential quantile environmental effects?

The impact of private equity investment and renewable energy on environmental degradation: evidence from BRICS countries

Contact Info

Product

Resources

About