Business, Management and Economics Engineering

Impact of COVID-19 on long run and short run financial integration among emerging Asian stock markets

Nikhil Bhardwaj — 2022-06-29

Purpose –The study aims at exposing any possible impact of COVID-19 on short-run and long-run financial integration among five emerging Asian economies viz., China, South Korea, India, Indonesia and Taiwan.

Research methodology – Daily closing indices of selected countries have been analyzed from January 2010 – September 2021. The integration among the selected economies has been examined for long-run and short-run through Johansan co-integration and Granger causality tests respectively.

Findings – The analysis revealed that coronavirus weakened integration among nations. The absence of long-run integration was observed after the onset of COVID-19. During pre-covid period, unidirectional as well as bi-directional causal relations were present, but after the outbreak of COVID-19, only South Korea and China reported short-term linkage.

Research limitations – The results are subject to the limitation of limited data and reference period. Further, daily returns of different stock markets are subject to domestic shock which has not been analyzed in the present study.

Practical implications – Since the absence of integration indicates an ample opportunity for risk minimization through international diversification of the portfolio, the results are expected to be very useful for investors, researchers and regulators.

Originality/Value – In present times, researchers are showing keen interest to know the possible impact of COVID-19 on linkages of international financial markets. However in spite of being rapidly growing economies, countries selected in the present study have not been explored much.

The present study aims to bridge this research gap.

Can climate-smart agriculture help to assure food security through short supply chains? A systematic bibliometric and bibliographic literature review

Mangirdas Morkūnas — 2022-07-14

Purpose – This paper aims to reveal potential research possibilities for enhancing climate-smart agriculture through short supply chains.

Research question – How can short supply chains assure food security and the promotion of climate-smart agriculture?

Research methodology – Bibliographic and bibliometric coupling techniques were employed using data from 1990–2022. The raw data was processed using the VOSviewer 1.6.18 software version.

Findings – The results confirm the positive effect of the systemically important relationship between the short supply chain and food security.

Research limitations – Climate-smart agriculture is a complex and multifaceted phenomenon. Additional variables may have moderating and mediating effects on the impact of short supply chains on food security.

Practical implications – The results establish the importance of having a short supply chain for food security in different aspects of the process from the harvest to the table.

Originality and value – This study confirms the rationale for developing shorter food supply chains to assure food security and climate-smart agriculture when possible.

Does cultural economics affect country’s competitiveness?

Kristina Astikė — 2022-08-12

Purpose – the purpose of the article is to identify factors of cultural economics and examine their impact on countries’ competitiveness.

Research methodology – in this study, the following factors have been determined to affect the competitiveness of the European Union countries: cultural employment by age (18–65), general government expenditure on cultural services, households expenditure on cultural goods, persons working as creative and performing artists, authors, journalists and linguists engaged in individual activity and employment. Panel data, which are processed with the Gretl software, are used for the study.

Findings – the results revealed that all the distinguished factors affect the competitiveness of the European Union countries; however, general government expenditure by function has the most significant effect.

Research limitations – the article analyses all countries of the European Union except Romania because there is a lack of statistical data on this country, which interferes with the research. Practical implications – as cultural economics is linked to both the public and private sectors, the revenue and the products it generates undoubtedly contribute to the country’s economic development and, hence, competitiveness.

Originality/Value – cultural economics is an interdisciplinary field of scientific research described and analysed by various authors as the interaction of human-made activities with new technologies, various artistic forms, knowledge, and creativity. Consequently, cultural economics has received more and more attention. However, the factors of cultural economics and their impact on a country’s competitiveness level is a fragmentarily examined topic which shows its originality.