This study endeavors to explore the shock-transmission mechanism between Trade Policy Uncertainty (TPU) and the volatility inherent in the Gulf Cooperation Council (GCC) Islamic stock markets by employing the novel Quantile Vector Auto Regression (QVAR) with “Extended Joint” and “Frequency” domain connectedness technique. Overall findings indicated a U-shaped pattern in the shock-transmission mechanism with the higher TPU shocks transmitted towards Islamic stock market volatility at the extreme quantiles and in the long term. The “Extended Joint” QVAR connectedness approach highlights that, in bearish and moderate-volatility conditions (τ = 0.05, 0.50), diversifying portfolios across less shock-prone equity markets like Qatar and UAE can mitigate risk exposure to TPU shocks. Specific economies receiving higher TPU shocks, like Bahrain, Kuwait, and Saudi Arabia, should implement strategic frameworks, including trade credit insurance and currency hedging, for risk reduction in trade policy shocks during the bearish and moderate-volatility conditions. Conversely, Qatar and Kuwait show the least transmission of error variance from TPU during higher-volatility conditions (τ = 0.95). Moreover, the application of the Frequency-domain QVAR technique underscores the need for short-term speculators to exercise increased vigilance during bearish and bullish volatile periods, as TPU shocks can exert a more substantial influence on the Islamic equity market volatility of Bahrain, Oman, Kuwait, and Saudi Arabia. Long-term investors may need to tailor their asset-allocation strategies by increasing allocations to more stable assets that are less susceptible to TPU shocks, such as Qatar, during bearish (τ = 0.05), moderate (τ = 0.50), and bullish (τ = 0.95) volatility.
6 December 2022 in Investment Management and Financial Innovations
This article systematically reviews natural disasters that occur globally and highlights their impact and associated challenges on the sustainable development of society and the economy. The presence of extensive research on the detrimental impact of natural disasters on mental health and other diverse elements of societal or economic well-being is found in this review. The study suggests that adversities can be minimized by employing the right public and private policies that support a post-disaster state, leading to enhanced disaster management initiatives and rehabilitation efforts. The PRISMA model was employed for the inclusion and exclusion criteria for the studies. Natural disasters being a threat to sustainability and the community’s well-being, the findings showcase the urgency to consider their long-term impact. Various forms of natural disasters that are due to disturbances related to land, water, air, or fire are considered in this study. The research scope aims towards worldwide sustainable development by gathering multiple inputs that enable changing the dynamics of disaster management. This study concludes with limitations and recommendations for future disaster preparedness and management in various scenarios.
1 January 2025 in Human Behavior and Emerging Technologies
Aligned with the United Nations Sustainable Development Goals (SDGs) 5 (gender equality) and 9.c (technological access), this study investigates the endogenous nexus between access to mobile and smart telecommunication services (MSTSs) and women’s consumption of mobile financial services (MFS) in post‐COVID‐19 Burkina Faso, with a focus on the mediating role of formal financial inclusion. Utilizing data from the 2021 DHS‐V survey of 17,659 women aged 15–49, we employ spatial semiparametric trivariate copula regression modeling to address the inherent endogeneity of MSTS access and its impact on MFS consumption. This study’s novelty lies in its pioneering use of advanced econometric modeling to disentangle the interplay between MSTS access, formal financial inclusion, and women’s MFS usage in a postcrisis, low‐income African context, where gender gaps in financial access remain pronounced. Our findings reveal positive associations between women’s MSTS access and MFS consumption, with formal financial inclusion significantly enhancing women’s utility from MFS. Unexpectedly, standard mobile phone services yield higher MFS consumption premiums than smartphone access. Control factors, including internet access, household wealth, education, and rural–urban disparities, further shape MFS adoption. These insights offer critical guidance for policymakers and development agencies to advance women’s economic empowerment through targeted digital and financial inclusion strategies in Burkina Faso and similar contexts.
This research examines the integration of educational technologies from students' perspectives. It focuses on the usage and effectiveness of these technologies, as well as the associated challenges, among students across various academic disciplines. The study aims to assess the extent of educational technology adoption and measure student satisfaction as a driver of empowered learning. It also identifies challenges that hinder effective technology use across university disciplines. Data was collected from a random sample of AI Ain University students in all university colleges. The findings are expected to reveal the level of technology adoption, highlight student satisfaction and challenges, and identify discipline-specific variations in technology use. Addressing these aspects provides actionable recommendations for both policy makers and university instructors to strategically enhance technology integration in educational practices, empowering learners with greater autonomy, critical digital skills, and equitable access to innovative educational practices.