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This study aims to examine the impact of coal energy consumption on the economic progress in Pakistan by using annual time series data during 1972–2019. Three-unit root tests were employed to rectify the variables’ stationarity. The quantile regression approach with the extension of cointegration regression test was utilized to check the variables interaction with the economic progress. The outcomes of the quantile regression uncover that coal energy consumption in power sector and coal energy consumption in brick kilns have adverse influence to the economic progress, while total coal energy consumption has a productive association with the economic progress. Similarly, the findings of cointegration regression analysis uncover that via FMOLS (Fully Modified Least Squares) and DOLS (Dynamic Least Squares) that variables coal energy consumption in power sector and brick kilns have an adverse connection with the economic progress, while total coal energy consumption uncover a productive linkage to the economic progress in Pakistan. Pakistan is still facing a deep energy crisis because of the lack of energy production from cheap sources. New possible policies are required in this direction to improve the energy sector by paying more attention to the alternative energy sources to foster the economic progress.
Abdul Rehman; Hengyun Ma; Magdalena Radulescu; Crenguta Ileana Sinisi; Zahid Yousaf. Energy Crisis in Pakistan and Economic Progress: Decoupling the Impact of Coal Energy Consumption in Power and Brick Kilns. Mathematics 2021, 9, 2083 .
AMA StyleAbdul Rehman, Hengyun Ma, Magdalena Radulescu, Crenguta Ileana Sinisi, Zahid Yousaf. Energy Crisis in Pakistan and Economic Progress: Decoupling the Impact of Coal Energy Consumption in Power and Brick Kilns. Mathematics. 2021; 9 (17):2083.
Chicago/Turabian StyleAbdul Rehman; Hengyun Ma; Magdalena Radulescu; Crenguta Ileana Sinisi; Zahid Yousaf. 2021. "Energy Crisis in Pakistan and Economic Progress: Decoupling the Impact of Coal Energy Consumption in Power and Brick Kilns." Mathematics 9, no. 17: 2083.
This study aims to investigate the direct impact of green motives (GM) and green business strategies (GBS) on sustainable development (SD) in the hospitality sector. It explores the direct links between GM and SD. Moreover, the mediating role of GBS between GM and SD was tested. The research relies on the stakeholders’ theory, which states that the organization’s success and future development depends on the satisfaction of stakeholders. Data were collected from 451 top managers and owners from 54 hotels (5, 4 and 3-star hotels) operating in Pakistan. Quantitative analysis including correlation, regression, confirmatory factor analysis and structural equation model techniques were used. The mediating role of GBS was assessed using the bootstrapping method. Results proved that GM and GBS enable hotel industry to achieve the targets of SD. Finding also proved that GBS act as a mediator between the GM and SD link. The hotel industry needs attention to achieve the targets of SD and customers’ inclination towards more hygienic and environmental issues after the worldwide COVID-19 pandemic situation has forced the hotel industry to adapt GBS initiated through GM. The current research articulated this upcoming issue and offered a SD model for the hotel industry.
Zahid Yousaf; Magdalena Radulescu; Crenguta Sinisi; Luminita Serbanescu; Loredana Paunescu. Harmonization of Green Motives and Green Business Strategies towards Sustainable Development of Hospitality and Tourism Industry: Green Environmental Policies. Sustainability 2021, 13, 6592 .
AMA StyleZahid Yousaf, Magdalena Radulescu, Crenguta Sinisi, Luminita Serbanescu, Loredana Paunescu. Harmonization of Green Motives and Green Business Strategies towards Sustainable Development of Hospitality and Tourism Industry: Green Environmental Policies. Sustainability. 2021; 13 (12):6592.
Chicago/Turabian StyleZahid Yousaf; Magdalena Radulescu; Crenguta Sinisi; Luminita Serbanescu; Loredana Paunescu. 2021. "Harmonization of Green Motives and Green Business Strategies towards Sustainable Development of Hospitality and Tourism Industry: Green Environmental Policies." Sustainability 13, no. 12: 6592.
This study aims to explore the direct impact of the digital orientation, Internet of Things (IoT) and digital platforms on the sustainable digital innovation in the context of the digital economy and frugal environment. This study also investigated the mediating role of the digital platforms in these relations. The study was based on the quantitative research design and data were collected from the 397 CEOs and managing directors of Small and Medium Enterprises in Pakistan. Correlation and structural equation modeling approaches were applied for the analysis and testing of the hypotheses. Results revealed that the digital orientation, IoT and digital platform are major antecedents of the sustainable digital innovation. Results also show that the digital platforms mediate between both digital orientation-sustainable digital innovation link and IoT-sustainable digital innovation link. The rapid pace of change in the technology has forced the business organizations to think out of box and align their operational mechanism accordingly. The need for the sustainable digital innovation is a major need of the current decade for meeting the increasing demands of the society in a sustainable way. Organizations, especially SMEs, should be able to deal with these challenges and rapid technological transformations through cost effective frugal business models. The frugal innovation is an important element of sustainable digital innovation enables SMEs to reduce resources usage and waste and to enhance sustainable economic activities. In this way, they can develop and gain advantages in this highly competitive digital environment. This is the first study showing the bright harmony of the digital orientation, IoT and digital platforms for achieving the sustainable digital innovation in the rapid evolving digital economy.
Zahid Yousaf; Magdalena Radulescu; Crenguta Sinisi; Luminita Serbanescu; Loredana Păunescu. Towards Sustainable Digital Innovation of SMEs from the Developing Countries in the Context of the Digital Economy and Frugal Environment. Sustainability 2021, 13, 5715 .
AMA StyleZahid Yousaf, Magdalena Radulescu, Crenguta Sinisi, Luminita Serbanescu, Loredana Păunescu. Towards Sustainable Digital Innovation of SMEs from the Developing Countries in the Context of the Digital Economy and Frugal Environment. Sustainability. 2021; 13 (10):5715.
Chicago/Turabian StyleZahid Yousaf; Magdalena Radulescu; Crenguta Sinisi; Luminita Serbanescu; Loredana Păunescu. 2021. "Towards Sustainable Digital Innovation of SMEs from the Developing Countries in the Context of the Digital Economy and Frugal Environment." Sustainability 13, no. 10: 5715.
The banking sectors of the Central and Eastern European countries performed better than other developed European sectors during the crisis, due to their sound capitalization and a high profitability before the crisis. However, some of those banking systems were very hit in terms of the non-performing loans ratio or cost-to-income ratio. That is why we consider that it is interesting to see how they performed in terms of the banking performance ratios during the last years in the light of the new international capital adequacy regulations and in the light of the latest national macroeconomic developments of those economies and what are the main threats for these CEE banking sectors in the present.
Magdalena Radulescu; Logica Banica; Crenguta Ileana Sinisi. Developments of the CEE banking sectors after the financial crisis. Proceedings of the International Conference on Business Excellence 2018, 12, 851 -863.
AMA StyleMagdalena Radulescu, Logica Banica, Crenguta Ileana Sinisi. Developments of the CEE banking sectors after the financial crisis. Proceedings of the International Conference on Business Excellence. 2018; 12 (1):851-863.
Chicago/Turabian StyleMagdalena Radulescu; Logica Banica; Crenguta Ileana Sinisi. 2018. "Developments of the CEE banking sectors after the financial crisis." Proceedings of the International Conference on Business Excellence 12, no. 1: 851-863.
The Europe 2020 strategy is the EU strategy for sustainable and inclusive growth, for fighting the structural weaknesses of the European economies, and for improving their competitiveness. In this paper, we determined the most important ratios of the Europe 2020 Strategy impacting on economic performance expressed as the growth of the GDP per capita, and on economic competitiveness expressed as the share of the countries’ exports in total world exports for some selected Central and Eastern European (CEE) countries (Poland, Slovakia, Bulgaria, Hungary, the Czech Republic, and Romania) using co-integration tests and OLS panel estimations with a dataset between 2004 (after four of these selected countries acceded to EU) and 2015 (the latest available data for all the ratios we used in our analysis). Our findings show that the tertiary level of education is the most important factor, positively correlated with both endogenous variables mentioned above. Other important factors for achieving the economic performance and competitiveness goals are the school dropout ratio, the share of renewable energy in final energy consumption, and the employment rate.
Magdalena Radulescu; Aleksandra Fedajev; Crenguta Ileana Sinisi; Constanta Popescu; Silvia Elena Iacob. Europe 2020 Implementation as Driver of Economic Performance and Competitiveness. Panel Analysis of CEE Countries. Sustainability 2018, 10, 566 .
AMA StyleMagdalena Radulescu, Aleksandra Fedajev, Crenguta Ileana Sinisi, Constanta Popescu, Silvia Elena Iacob. Europe 2020 Implementation as Driver of Economic Performance and Competitiveness. Panel Analysis of CEE Countries. Sustainability. 2018; 10 (3):566.
Chicago/Turabian StyleMagdalena Radulescu; Aleksandra Fedajev; Crenguta Ileana Sinisi; Constanta Popescu; Silvia Elena Iacob. 2018. "Europe 2020 Implementation as Driver of Economic Performance and Competitiveness. Panel Analysis of CEE Countries." Sustainability 10, no. 3: 566.
In the last decade, environment protection gained much more significance in designing the economic policies in the European Union (EU) countries. There are many economic and policy differences between the European countries, despite of the harmonization process inside the EU area. The path of implementation of the environmental tax reforms in the EU countries differs greatly from one country to another and the effects of such taxation in the economic and environmental areas are manifold. The authors of this paper have agreed to undertake the task of testing the double dividend hypothesis of the environmental taxation in Romania (an energy-intensive country) versus the EU area as a whole, using Vector Error Correction Model (VECM) techniques and Ordinary Least Squares (OLS) estimations. Our findings show that this hypothesis is validated neither in Romania (in the economic growth area) nor in the EU area as a whole (in the unemployment area). Therefore, Romania cannot increase the level of the environmental tax for supporting economic growth, but it can grant environmental subsidies for decreasing the emissions and supporting the economic growth. This could be achieved by expanding the tax labor base and by collecting higher budgetary revenues to sustain such environmental subsidies. As far as the EU area is concerned, it is a necessary measure to continue the descending trend for the labor taxation to achieve the goal of improving the employment rate.
Magdalena Radulescu; Crenguta Ileana Sinisi; Constanta Popescu; Silvia Elena Iacob; Luigi Popescu. Environmental Tax Policy in Romania in the Context of the EU: Double Dividend Theory. Sustainability 2017, 9, 1986 .
AMA StyleMagdalena Radulescu, Crenguta Ileana Sinisi, Constanta Popescu, Silvia Elena Iacob, Luigi Popescu. Environmental Tax Policy in Romania in the Context of the EU: Double Dividend Theory. Sustainability. 2017; 9 (11):1986.
Chicago/Turabian StyleMagdalena Radulescu; Crenguta Ileana Sinisi; Constanta Popescu; Silvia Elena Iacob; Luigi Popescu. 2017. "Environmental Tax Policy in Romania in the Context of the EU: Double Dividend Theory." Sustainability 9, no. 11: 1986.