Vol 7, No 3 (Published)

Table of Contents

Open Access
Article
Article ID: 2288
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by Nina Yuslaini, R. Widya Setiabudi Sumadinata, Muhammad Fedryansyah, Abdillah Abdillah, Andi Luhur Prianto, Doris Febriyanti
J. Infras. Policy. Dev. 2023 , 7(3);    1331 Views
Abstract The purpose of this study is to look at the negative environmental impacts and social problems, which require a government response to maintain the sustainability of the palm oil industry. This research uses Online Research Methods (ORMs) to collect data and information through the internet and other digital technologies. The collected data was then coded using Nvivo 12 Plus. The purpose of this study is to fill the research void left by previous researchers by analyzing investment strategies and services in supporting the sustainability of the palm oil industry in Riau Province. This study shows that to support the potential of the palm oil industry to remain optimal, the central and local governments coordinate to provide investment services and pay attention to the sustainability issues of the palm oil industry. Some important aspects to consider are strengthening regulations, an integrated plantation licensing system, improving access to markets, RSPO certification, realization of foreign investment, downstream industry, replanting programme, plantation revitalisation programme, and sustainable plantation partnerships. However, there are still some crucial challenges, particularly land conflicts, climate change, environmental issues, limited technology and innovation, and export market dependence. These challenges may hamper future investment opportunities.
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Open Access
Article
Article ID: 2092
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by João Fragoso Januário, Álvaro Costa, Carlos Oliveira Cruz, Joaquim Miranda Sarmento, Vítor Faria e Sousa
J. Infras. Policy. Dev. 2023 , 7(3);    771 Views
Abstract The relationship between transport infrastructure and accessibility has long stood as a central research area in regional and transport economics. Often invoked by governments to justify large public spending on infrastructure, the study of this relationship has led to conflicting arguments on the role that transport plays in productivity. This paper expands the existing body of knowledge by adopting a spatial analysis (with spillover effects) that considers the physical effects of investment in terms of accessibility (using distinct metrics). The authors have used the Portuguese experience at regional level over the last 30 years as a case study. The main conclusions are as follows: i) the choice of transport variables matters when explaining productivity, and more complex accessibility indicators are more correlated with; ii) it is important to account for spill-over effects; and iii) the evidence of granger causality is not widespread but depends on the regions.
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Open Access
Article
Article ID: 2166
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by Seema Rehman, Saif Ullah, Fahad Azim, Haroon Ur Rasheed Khan
J. Infras. Policy. Dev. 2023 , 7(3);    973 Views
Abstract Urbanization plays a crucial role in facilitating the integration of population growth, industrial development, economic expansion, and energy consumption. In this paper, we aim to examine the relationships between CO2 emissions and various factors including economic growth, urbanization, financial development, and energy consumption within Pakistan’s building sector. The study utilizes annual data spanning from 1990 to 2020. To analyze the cointegration relationship between these variables, we employ the quantile autoregressive distributed lag error correction model (QARDL-ECM). The findings of this research provide evidence supporting the presence of an asymmetric and nonlinear long-term relationship between the variables under investigation. Based on these results, we suggest the implementation of tariffs on nonrenewable energy sources and the formulation of policies that promote sustainable energy practices. By doing so, policymakers and architects can effectively contribute to minimising environmental damage. Overall, this study offers valuable insights that can assist policymakers and architects in making informed decisions to mitigate environmental harm while fostering sustainable development.
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Open Access
Article
Article ID: 2631
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by Kefas Bagastio, Raymond Sunardi Oetama, Arief Ramadhan
J. Infras. Policy. Dev. 2023 , 7(3);    677 Views
Abstract Stock investment in Indonesia has been steadily growing in the past five years, offering profit potential alongside the risk of loss. Stockholders must analyze the stocks they intend to purchase. Stockholders often analyze stocks by observing patterns that occurred in the previous days to predict future prices. Therefore, a method is needed to simplify the process of analyzing the stock pattern. Although there are already several websites that have the concept of predicting stock prices, these websites do not utilize deep learning algorithms. This research aims to develop a stock price prediction website using deep learning algorithms, specifically the Long Short-Term Memory (LSTM) algorithm to help users predict stock prices. This research focuses on five banks with the highest market capitalization in Indonesia, namely Bank Central Asia, Bank Rakyat Indonesia, Bank Mandiri, Bank Negara Indonesia, and Bank Syariah Indonesia. The website utilizes Flask framework and LSTM. Flask is used to apply LSTM model to the website, while the LSTM can capture long-term dependencies in high-complexity data. The result of this research is a stock price prediction website application, where the prediction results are displayed through the website. The LSTM model for each stock has a Mean Absolute Percentage Error (MAPE) of less than 10%, which indicates that the model is “Highly accurate” based on the MAPE accuracy scale judgment.
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Open Access
Article
Article ID: 2547
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by Xiaolong Chen, Cora Un In Wong, Johnny F. I. Lam, Hongfeng Zhang
J. Infras. Policy. Dev. 2023 , 7(3);    455 Views
Abstract [Objective]In order to explore the sustainable food security level in the Yangtze River Economic Belt, ensure food security and sustainable development of agricultural modernization, it is necessary to establish a scientific food security evaluation system to safeguard local food security.[Methods]This paper takes the food system of the Yangtze River Economic Belt in China as the research object, based on the food security research results at home and abroad, based on sustainable development thinking, combined with a new perspective of dynamic equilibrium research: Beginning with food normalcy, a comprehensive analysis of food production, food economy, social development, ecological security, and technical support for sustainable development is presented using the entropy-weighted TOPSIS model to build a food security evaluation system for sustainable development. [Conclusion]After systematic analysis, it is concluded that (1) the average value of food security score of the Yangtze River Economic Belt from 2008 to 2021 is 0.429, and the overall food in the Yangtze River Economic Belt is in general security level (0.400 ≤ Q1 ≤ 0.600), and the overall situation of food security is not optimistic, (2) from the segmentation of the Yangtze River Economic Belt, the high and low level of food security are divided into sections: midstream > downstream > upstream, and each province and city is slowly rising to different degrees. In this way, we propose general countermeasures to ensure local food security from the perspective of sustainable development.
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Open Access
Article
Article ID: 2206
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by H. I. Tillekaratne, P. Wickramagamage, Induka Werellagama, Upaka Rathnayake, Chandana Siriwardana, Asela Bandara, C. M. Madduma-Bandara, T. W. M. T. W. Bandara, Amila Abeynayaka
J. Infras. Policy. Dev. 2023 , 7(3);    276 Views
Abstract During and after any disaster, a situation report (SITREP) is prepared, based on the Daily Incident Updates (DIU), as an initial decision support information base. It is observed that the decision support system and best practices are not optimized through the available formal reporting on disaster incidents. The rapidly evolving situation, misunderstood terms, inaccurate data and delivery delays of DIU are challenges to the daily SITREP. Multiple stakeholders stipulated with different tasks should be properly understood for the SITREP to initiate relevant response tasks. To fill this research gap, this paper identifies the weaknesses of the current practice and discusses the upgrading of the incident-reporting process using a freely available software tool, enabling further visualization, and producing a comprehensive timely output to share among the stakeholders. In this case, “Power-BI” (a data visualization software) is used as a 360-degree view of useful metrics—in a single place, with real-time updates while being available on all devices for operational decision-making. When a dataset is transformed into several analytical reports and dashboards, it can be easily shared with the target users and action groups. This article analyzed two sources of data, namely the Disaster Management Center (DMC) and the National Disaster Relief Service Center (NDRSC) of Sri Lanka. Senior managers of disaster emergencies were interviewed and explored social media to develop a scheme of best practices for disaster reporting, starting from just before the occurrence, and following the unfolding sequence of the disasters. Using a variety of remotely acquired imageries, rapid mapping, grading, and delineating impacts of natural disasters, were made available to concerned users.
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Open Access
Article
Article ID: 1946
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by Valery Bezpalov, Liudmila Goncharenko, Dmitry Fedyunin, Sergey Lochan, Svetlana Avtonomova
J. Infras. Policy. Dev. 2023 , 7(3);    332 Views
Abstract Projects implemented under life cycle contracts have become increasingly common in recent years to ensure the quality of construction and maintenance of energy infrastructure facilities. A key parameter for energy facility construction projects implemented under life cycle contracts is their duration and deadlines. Therefore, the systematic identification, monitoring, and comprehensive assessment of risks affecting the timing of work on the design and construction is an urgent practical task. The purpose of this work is to study the strength of the influence of various risks on the duration of a project implemented on the terms of a life cycle contract. The use of the expert assessment method allows for identifying the most likely risks for the design and construction phases, as well as determining the ranges of deviations from the baseline indicator. Using the obtained expert evaluations, a model reflecting the range and the most probable duration of the design and construction works under the influence of risk events was built by the Monte-Carlo statistical method. The results obtained allow monitoring and promptly detecting deviations in the actual duration of work from the basic deadlines set in the life cycle contract. This will give an opportunity to accurately respond to emerging risks and build a mutually beneficial relationship between the parties to life cycle contracts.
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Open Access
Article
Article ID: 2167
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by Anđelka Štilić, Adis Puška, Darko Božanić, Duško Tešić
J. Infras. Policy. Dev. 2023 , 7(3);    389 Views
Abstract This research paper aims to assess the sustainable competitiveness of Balkan countries. Sustainable competitiveness was measured based on the indicators in The Sustainable Competitiveness Report from 2022, published by Solability. According to this report, sustainable competitiveness is evaluated using six grouped criteria. In this paper, the competitiveness of the Balkan countries was assessed through the application of the multicriteria analysis methods Entropy and MARCOS (Measurement Alternatives and Ranking according to the Compromise Solution). The weight of each criterion was determined using the Entropy method. The results highlighted that the most significant criteria were Natural Capital and Resource Efficiency & Intensity, which carried the highest weight, whereas the Social Cohesion criterion was of lesser importance, represented by the lowest weight. Using the MARCOS method, the Balkan countries were ranked, with Greece securing the top position, closely followed by Albania, while North Macedonia exhibited the weakest performance. Sensitivity analysis further substantiated these findings. The outcomes of this study significantly contribute to the academic understanding of sustainable competitiveness and provide valuable practical insights for policymakers and stakeholders interested in advancing sustainable development efforts in the Balkan region.
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Open Access
Article
Article ID: 2340
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by Hsing-Hua Hsiung, Chia-Yen Lin, Guan-Yu Zhu
J. Infras. Policy. Dev. 2023 , 7(3);    399 Views
Abstract In light of the metaverse’s vast expansion, it’s a crucial intellectual platform that’s transforming the video game industry and spurring creative innovation and technological advancement. Considering the distinctive niche that Taiwan occupies within the realm of the video game industry, this study uses a total of 11 video game companies in Taiwan as samples. The study spans a period of 16 years, from 2007 to 2022, and utilizes the random effect regression model for analysis. The study results illustrate that intellectual capital efficiency exerts varying contributions to the creation of value across different corporate value indicators within the video game industry. Among the factors, HCE, SCE, and CEE demonstrate the highest explanatory power for ROE, reaching up to 82.23%. Following this, they account for 73.57% of the variance in market share, but only a meager 13.67% for Tobin’s Q. This study is the empirical evidence that different methods of measuring intellectual capital and various definitions of value creation in an industry may lead to divergent results and managerial implications in intellectual capital research. Hence, it is worthwhile for subsequent studies to continue clarifying and delving deeper into these aspects.
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Open Access
Article
Article ID: 2560
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by Melina Dritsaki, Chaido Dritsaki, Eleni Tsianaka
J. Infras. Policy. Dev. 2023 , 7(3);    317 Views
Abstract This paper examines the long-run relationship between innovation and macroeconomic and environmental factors in the EU during the period 1990–2020. In the paper, the patents are used as a proxy of the innovation index. The market openness, per capita GDP, foreign direct investment, and oil prices are used as proxies for macroeconomic factors whereas per capita energy consumption, per capita CO2 emissions, and renewable energy sources are proxies for environmental factors. For the analysis of this relationship, two-panel count data models are used, the Poisson regression model and negative binomial model as well as the ARDL cointegration technique and the Dumitrescu and Hurlin causality test. The results of the negative binomial model showed that trade openness, renewable energy sources, and CO2 emissions have a significant and negative relationship with innovation, while GDP, investment, energy consumption, and oil prices have a significant and positive relationship with innovation. Furthermore, the causality test of Dumitrescu and Hurlin showed the presence of an unidirectional causal relationship between per capita CO2 emissions and per capita energy consumption towards innovation.  
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Open Access
Article
Article ID: 2416
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by Fahad Saddique, Beenish Ramzan, Shouvik Sanyal, Jebreel Alamari
J. Infras. Policy. Dev. 2023 , 7(3);    576 Views
Abstract After the pandemic (COVID-19), there is a dire need to gain a competitive advantage for tourism organizations which can be accomplished by implementing new technologies to facilitate sustainable healthier services. Given that, the study aims to shed light on the importance of digital leadership to improve sustainable business performance considering the parallel mediation of digital technology and digital technology support in the tourism sector of Pakistan. The sample population consists of technology-based tourism organizations in Pakistan. Cochran’s formula was chosen for sampling, in which 37 organizations with 792 employees were selected for data through a random sampling technique. The collected data were analyzed through structural equation modeling, and findings reveal that digital leadership positively influences sustainable business performance. Furthermore, the mediating role of technological leadership support and digital technologies partially mediates the association between digital leadership and sustainable performance.
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Open Access
Article
Article ID: 2191
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by Irina Makarova, Vadim Mavrin, Polina Buyvol
J. Infras. Policy. Dev. 2023 , 7(3);    207 Views
Abstract The article considers an actual problem of organizing a safe and sustainable urban transport system. We have examined the existing positive global experience in both infrastructural and managerial decisions. Then to assess possible solutions at the stage of infrastructure design, we have developed the simulation micromodels of transport network sections of the medium-sized city (Naberezhnye Chelny) with a rectangular building type. The models make it possible to determine the optimal parameters of the traffic flow, under which pollutant emissions from cars would not lead to high concentrations of pollutants. Also, the model allows to obtain the calculated values of the volume of emissions of pollutants and the parameters of the traffic flow (speed, time of passage of the section, etc.). On specific examples, the proposed method’s effectiveness is shown. Case studies of cities of different sizes and layouts are implementation examples and possible uses proposed by the models. This study has shown the rationality of the suggested solution at the stage of assessing infrastructure projects and choosing the best option for sustainable transport development. The proposed research method is universal and can be applied in any city.
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Open Access
Article
Article ID: 2122
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by Abieyuwa Ohonba, Gbenga Wilfred Akinola
J. Infras. Policy. Dev. 2023 , 7(3);    246 Views
Abstract This paper examines the effect of governance in Sub-Saharan African (SSA) countries. Specifically, this study investigates (i) the interacting impact of government efficiency, regulatory quality, and the rule of law alongside other socioeconomic variables to determine foreign capital inflow (FCI) based on each economic SSA bloc; and (ii) the characteristic drivers of FCI, impacting economic growth in the SSA countries. Descriptive statistics, static models, least square dummy variables (LSDVs) and the dynamic system general method of moment (GMM) were employed as the study’s estimating techniques. Based on the result of the LSDV, food security and the rule of law significantly impact FCI in the sub-economic blocs in the region. Only six countries across the four economic blocs responded to food security and the rule of law in the model. The dynamic system-GMM provided evidence of five socioeconomic variables and three governance variables contributing to FCI. The findings revealed (i) regulatory quality and the rule of law are governance variables that significantly impacted FCI; and (ii) food security failed to significantly impact FCI in the SSA region. However, inflation, life expectancy, the human capital index, exchange rate and gross domestic product (GDP) growth impacted FCI significantly. In the aggregate, inflation, regulatory quality, exchange rate and the human capital index exhibited positive relationships, while other variables such as life expectancy, government effectiveness and the rule of law appeared significant but inversely impacted FCI in the SSA region. The key policy implication recommendation from this study is that a good legal framework could moderate the flow of foreign capital in favour of growth as it creates a strong foundation for sustainable economic development in the region.
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Open Access
Article
Article ID: 2527
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by Haisheng Hu, Samuel Amponsah Odei
J. Infras. Policy. Dev. 2023 , 7(3);    367 Views
Abstract The rapid progress of information technology has made public online participation in policy formulation an inevitable product of modern government reshaping and reconstruction. However, compared with developed countries, citizens’ online participation in policy formulation in China started relatively late. Thus, in order to explore an effective and efficient method for Chinese citizens’ participation in policy formulation, this research made a brief review of the experiences from the typical developed country of United States of America at first, followed by some other developed countries such as Singapore, South Korea, and Japan in Asia with similar situations. Still, combined with the current situation of the China itself into consideration, this research further proposes targeted recommendations. It is expected that the findings in this research could provide some references for the Chinese government to form more effective and efficient theoretical frameworks targeted at the future development trends of the Chinese society and accordingly, to improve the construction of democracy in China.
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Open Access
Article
Article ID: 2277
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by Marie Mikusova, Ivona Vrdoljak-Raguz, Terezie Krestova, Nadezda Klabusayova
J. Infras. Policy. Dev. 2023 , 7(3);    313 Views
Abstract Organisational culture stands as a fundamental prerequisite for the efficacious operation of any given organisation. The primary aim of this study is to discern potential alterations within the dimensions of organisational culture across the pre-COVID-19, contemporary, and favoured paradigms within the realm of public administration. The data set was obtained from a cohort of 1189 officials in the Czech Republic. The Organisational Culture Assessment Instrument (OCAI) was deployed for the purposes of conducting an online survey. The dominance of the clan archetype across all examined time frames has been corroborated. In addition, a statistically significant manifestation of these dimensions has been determined. In relation to pertinent variables, specifically gender, age, tenure, manager gender, and the dimensions typifying organisational culture, no statistically significant correlations have emerged. Respondents have not reported a sense of work-life imbalance in the aftermath of the pandemic. In summary, it is deduced that the pandemic has not exerted a drastic influence on the metamorphosis of organisational culture within the ambit of public administration. This study provides invaluable information on the repercussions of the pandemic within a sphere that, as an intangible constituent, often goes under-recognised. Mastery of the positioning of dimensions across diverse archetypes is of paramount significance for managers, as it can provide guidance in the cultivation of an apt organisational culture.
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Open Access
Article
Article ID: 2585
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by Sriyanto Sriyanto, Luqman Khalil, Imran Naseem, Abdelmohsen A. Nassani, Rima H. Binsaeed, Khalid Zaman, Hailan Salamun, Mohamed Haffar
J. Infras. Policy. Dev. 2023 , 7(3);    597 Views
Abstract The journey towards better healthcare sustainability in Asian nations demands a comprehensive investigation into the impact of urban governance, poverty, and female literacy on infant mortality rates. This study undertakes a rigorous exploration of these key factors to pave the way for evidence-based policy interventions, utilizing data from a panel of six selected Asian countries: Pakistan, China, India, Indonesia, Malaysia, and the Philippines, spanning the years 2001 to 2020. The findings reveal that adequate sanitation facilities, higher female literacy rates, and sustained economic growth contribute to a reduction in infant mortality. Conversely, increased poverty levels and limited women’s autonomy exacerbate the infant mortality rates observed in these countries. The Granger causality analysis validates the reciprocal relationship between urban sanitation (and poverty) and infant mortality rates. Furthermore, the study establishes a causal relationship where female literacy rates Granger-cause infant mortality rates, and conversely, infant mortality rates Granger-cause women’s autonomy in these countries. The variance decomposition analysis indicates that sustained economic growth, improved female literacy rates, and enhanced women’s empowerment will likely impact infant mortality rates in the coming decade. Consequently, in low-income regions where numerous children face potentially hazardous circumstances, it is imperative to allocate resources towards establishing and maintaining accessible fundamental knowledge regarding sanitation services, as this will aid in reducing infant mortality rates.
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Open Access
Article
Article ID: 2583
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by Diego Norena-Chavez, Eleftherios Thalassinos
J. Infras. Policy. Dev. 2023 , 7(3);    518 Views
Abstract Purpose: This study empirically investigates the effect of big data analytics (BDA) on project success (PS). Additionally, in this study, the investigation includes an examination of how intellectual capital (IC) and (KS) act as mediators in the correlation between BDA and KS. Lastly, a connection between entrepreneurial leadership (EL) and BDA is also explored. Design/Methodology- Using a sample of 422 senior-level employees from the IT sector in Peru. The partial least squares structural equation modeling technique tested the hypothesized relationships. Findings- According to the findings, the relationship between BDA and PS is mediated by structural capital (SC) and relational capital (RC), and BDA demonstrates a positive and noteworthy correlation with PS. Furthermore, EL is positively associated with BDA in a significant manner. Practical implications- The finding of this study reinforce the corporate experience of BDA and suggest how senior levels of the IT sector can promote SC, RC, and EL. Originality/Value- This study is one of the first to consider big data analytics as an important antecedent of project success. With little or no research on the interrelationship of big data analytics, intellectual capital and knowledge sharing the study contributes by investigating the mediating role of intellectual capital and knowledge sharing on the relationship between big data analytics and project success.
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Open Access
Article
Article ID: 2588
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by Vera Finidia Indah, Budiman Rusli, Rita Myrna, Zaidan Nawawi
J. Infras. Policy. Dev. 2023 , 7(3);    379 Views
Abstract Toll road infrastructure development is one of the development priorities of the government of Indonesia a developed country. To develop toll road infrastructure to run smoothly, it is necessary to involve the government and the private sector. This research aims to analyze the role of the government and land acquisition constraints in the construction of the trans Sumatra toll road. This research uses a qualitative-explorative method to explore the research topic. Determination of the research topic is done by using biblioshiny application analysis. Then the data is collected from observation, documents from the website, and applicable literature. The data collected was then analyzed using Nvivo 12 Pro Software and Vensim PLE X64 Software to provide accurate and systematic visualization and description. The results of this study found that the trans Sumatra toll road construction project is a national development project. Then the cooperation relationship carried out by the government in the construction of the trans Sumatra toll road is regulated through policies that run in 2014–Present. The companies involved in accelerating the construction of the trans-Sumatra toll road are PT Hutama Karya and PT Waskita Sriwijaya Tol. Another finding in this study is that there are still toll road sections that have not operated and have been stopped due to customary land acquisition issues.
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Open Access
Article
Article ID: 2647
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by Marvellous Ngundu, Reon Matemane
J. Infras. Policy. Dev. 2023 , 7(3);    357 Views
Abstract China-Africa economic integration generally looks lucid, as evidenced by rising bilateral trade, as well as Chinese FDI, aid, and debt financing for infrastructure development in Africa. The engagement, however, appears to be strategically channeled to benefit China’s resource endowment strategy. First, Chinese FDI in Africa is primarily resource-seeking, with minimum manufacturing value addition. Second, China has successfully replicated the Angola model in other resource-rich African countries, and most infrastructure loans-for-natural resources barter deals are said to be undervalued. There is also a resource-backed loan arrangement in place, in which default Chinese loans are repaid in natural resources. Third, while China claims that its financial aid is critical to Africa’s growth and development processes, a significant portion of the aid is spent on non-development projects such as building parliaments and government buildings. This lend credence to the notion that China uses aid to gain diplomatic recognition from African leaders, with resource-rich and/or institutionally unstable countries being the most targeted. The preceding arguments support why Africa’s exports to China dominate other China’s financial flows to Africa, and consist mainly of natural resources. Accordingly, this study aims to forecast China-Africa economic integration through the lens of China’s demand for natural resources and Africa’s demand for capital, both of which are reflected in Africa’s exports to China. The study used a MODWT-ARIMA hybrid forecasting technique to account for the short period of available China-Africa bilateral trade dataset (1992–2021), and found that Africa’s exports to China are likely to decline from US$ 119.20 billion in 2022 to US$ 13.68 billion in 2026 on average. This finding coincides with a period in which Chinese demand for Africa’s natural resources is expected to decline.
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Open Access
Article
Article ID: 2629
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by Lucky Zamzami, Nursyirwan Effendi
J. Infras. Policy. Dev. 2023 , 7(3);    229 Views
Abstract The development of entrepreneurship in fisheries operations is an important component of eliminating poverty. Fisherman obviously produce fishery goods, despite the broad recognition of the positive role that entrepreneurship can play in the reduction of poverty. Integration into one’s society and economy are increasingly beginning to be seen as an essential component of entrepreneurial success. This study aims to investigate the cultural and entrepreneurial attitudes of fishermen involved in the production of fishery products in the Province of West Sumatra, Indonesia, accordingly with a particular focus on marine resource conservation areas in village development. In this development, the descriptive design of capitals was utilized. This design included interviews, a questionnaire survey, and a review of the relevant body of literature. As a result, the purpose of the study was to propose an alternative model for the development of villages that would be considered novel in Indonesia. The findings demonstrated that the model makes a contribution to enhancing the socio-economic, cultural, and social capabilities of a group of fishermen. In conclusion, tourism that is focused on social entrepreneurship has the potential to boost entrepreneurial attitudes as well as the atmosphere surrounding community understanding of creative village development. We came to the conclusion that implementing tourism with a focus on social entrepreneurship could increase entrepreneurial attitudes and create an atmosphere that is more conscious of the needs of the community in village development.
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Open Access
Article
Article ID: 2858
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by Andi Gunawan, Mediaty Mediaty, Andi Kusumawati, Syamsuddin Syamsuddin, Mursalim Nohong
J. Infras. Policy. Dev. 2023 , 7(3);    302 Views
Abstract This research uses the Input-Process-Output model to investigate the impact of levers of control (LoC) on organizational aspects in Indonesia. The study views LoC as both internal and external input to an organization. It examines how transformational leadership (TL) and firm capability (FC) act as processes to integrate these elements, leading to competitive advantage (CA) as the output. Using data from 260 questionnaires, the study conducted a series of analyses, including reliability and validity checks, confirmatory factor analysis (CFA), and structural equation modelling (SEM). The results indicate that LoC significantly influences TL, FC, and CA. TL and FC have notable effects on a company’s CA, with both factors mediating the relationship between LoC and CA. TL and FC have a sequential mediation effect on the link between LoC and CA. The study also touches on its implications, boundaries, and potential areas for future exploration.
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Open Access
Article
Article ID: 2165
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by Ganila N. Paranavithana, Rashmi N. J. K. Arachchi, Upaka Rathnayake
J. Infras. Policy. Dev. 2023 , 7(3);    189 Views
Abstract Ancient Minipe Anicut, Sri Lanka is world-famous for its engineering excellence. Due to its importance, conserving the ancient anicut, another anicut was constructed downstream in the 20th century. Nevertheless, the water diverted from the ancient anicut to the Minipe Left Bank (LB) Canal was kept as it was due to inherited agricultural importance. This research focuses on studying the contributions made by the adjacent catchment along the Minipe LB Canal. There are several level crossings along the Minipe Left Bank Canal from which the runoff of the local catchment flow into the Minipe LB Canal. Hydrologic Modeling System (HEC-HMS) is used to obtain the yield from each catchment into the Canal, which was compared with the annual diversions from Minipe anicut. The total yield from each stream has been compared with the annual diversion of the Minipe LB Canal from 2014 to 2020. The results obtained from this study reveal that there is sufficient water available for water augmentation in the basin, with an estimated annual average cumulative yield from the catchment of 453.6 MCM. This cumulative yield is 1.7 times the annual average diversion from the Mahaweli River, which is 271.9 MCM. With the findings, it is concluded that there is a potential to augment water from the catchment to address pertaining water shortages conveyance in the command area.
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Open Access
Article
Article ID: 2793
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by Narissara Jantuma, Sukhum Ruangchai, Chavis Ketkaew, Phaninee Naruetharadhol
J. Infras. Policy. Dev. 2023 , 7(3);    690 Views
Abstract This study provides an evaluation of the environmental impact and economic benefits associated with the disposal of mango waste in Thailand, utilizing the methodologies of life cycle assessment (LCA) and cost-benefit analysis (CBA) in accordance with internationally recognized standards such as ISO 14046 and ISO 14067. The study aimed to assess the environmental impact of mango production in Thailand, with a specific focus on its contribution to global warming. This was achieved through the application of a life cycle assessment methodology, which enabled the determination of the cradle-to-grave environmental impact, including the estimation of the mango production’s global warming potential (GWP). Based on the findings of the feasibility analysis, mango production is identified as a novel opportunity for mango farmers and environmentally conscious consumers. This is due to the fact that the production of mangoes of the highest quality is associated with a carbon footprint and other environmental considerations.  Based on the life cycle assessment conducted on conventional mangoes, taking into account greenhouse gas (GHG) emissions, it has been determined that the disposal of 1 kg of mango waste per 1 rai through landfilling results in an annual emission of 8.669 tons of carbon. This conclusion is based on comprehensive data collected throughout the entire life cycle of the mangoes. Based on the available data, it can be observed that the quantity of gas released through the landfilling process of mango waste exhibits an annual increase in the absence of any intervening measures. The cost benefit analysis conducted on the life cycle assessment (LCA) of traditional mango waste has demonstrated that the potential benefits derived from its utilization are numerous. The utilization of the life cycle assessment (LCA) methodology and the adoption of a sustainable business model exemplify the potential for developing novel eco-sustainable products derived from mango waste in forthcoming time.
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Open Access
Article
Article ID: 2597
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by Tri Minh Nguyen, Vu Van Thanh
J. Infras. Policy. Dev. 2023 , 7(3);    493 Views
Abstract In recent years, Vietnam has achieved great achievements in the implementation of economic growth, which has contributed to reducing poverty and is highly appreciated by the international community. Although Vietnam has made remarkable achievements in reducing poverty and meeting the requirements of sustainable development, there are still many challenges and work to be done. Vietnam needs to continue to push ahead to improve the quality of life for the poorest, reduce the development gap between regions, and strengthen its response to climate change and the environment. This study uses a qualitative method to analyze the current situation of poverty reduction in Vietnam. The article also uses analytical, synthetic, logical, and historical methods to clarify the results and limitations of poverty reduction. The value of the research helps the Vietnamese government to be aware of the results and limitations of poverty reduction and suggests scientific and timely solutions to implement poverty reduction work in Vietnam.
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Open Access
Article
Article ID: 2694
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by Cordelia Onyinyechi Omodero, Ebieri Jones, Babatunde Moses Ololade, Olugbenga Ekundayo
J. Infras. Policy. Dev. 2023 , 7(3);    240 Views
Abstract Due to the incapacity of families in Sub-Saharan African nations to satisfy basic necessities for home maintenance, this study is required to enable policy shifts in the area of consumption tax. The study looks at the impact of consumption taxes on the purchasing power of families in Sub-Saharan Africa, with an emphasis on Nigeria and Kenya. The datasets used for this inquiry range from 1994 to 2022. Among the factors are purchasing power parity (PPP), value added tax (VAT), and exchange rate. We obtained the statistics from the World Bank, the Central Banks of Nigeria and Kenya, the Federal Inland Revenue Service, and the Organization for Economic Co-operation and Development (OECD). The study used the autoregressive distributed lag (ARDL) model established by Pesaran et al. (2001). The findings reveal that the inclusion of VAT on the prices of products and services significantly harms households throughout Nigeria compared to those in Kenya. VAT has a significant negative impact on consumer purchasing power in Nigeria but has an immaterial negative impact on household spending capacity in Kenya. The influence of the currency rate is positive and beneficial in Nigeria, whereas it is negative but intangible in Kenya. Due to economic disparity, the report suggests policy reforms in favour of families. It is also suggested that the government develop additional work possibilities, diversify the economy, and give subsidies for basic housing necessities.
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Open Access
Article
Article ID: 2811
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by Mahmood Abdullah Mahmood Al-Gburi, Mohammad Ali Bagherpour Velashani, Mahdi Salehi
J. Infras. Policy. Dev. 2023 , 7(3);    327 Views
Abstract The Corona epidemic, as a global crisis, and the Islamic State of Iraq and Syria) ISIS (war, as a regional crisis in Iraq, have significantly impacted the atmosphere of companies and the continuation of their activities. The present study examines the role of these crises in creating incentives for fraudulent reporting and reducing or improving audit quality. It also compares the results of these two relationships with each other. In other words, the current paper sought to answer these issues: What effect did the ISIS war and the COVID-19 pandemic have on the fraudulent reporting motives of companies, and how did it affect the quality of their audits? In the end, the answer to this question was addressed: What are the differences and similarities between the study results of the impact of COVID-19 and ISIS on fraudulent financial reporting and audit quality? For this purpose, the data of 33 companies from 2008 to 2021 (462 observations) were collected to examine six formulated hypotheses, and the hypotheses were tested using the method of structural equations and analysis of variance. Interviews with experts were also used to determine quality indicators of auditing and fraudulent financial reporting so that indigenous indicators were selected and finalized. The results showed no significant relationship between the epidemic of the COVID-19 crisis and the motives of fraudulent reporting and audit quality and between the crisis of the ISIS war and the motives of fraudulent reporting. However, the ISIS war crisis has negatively and significantly impacted audit quality. Finally, the results indicated no significant difference between the impact of the epidemic crisis of COVID-19 and ISIS on the motives of fraudulent reporting. Still, there is a significant difference in the impact of the epidemic crisis of COVID-19 and ISIS on the audit quality. The knowledge enhancement of the present study is the development of literature on the impact of the Corona and ISIS crises on corporate financial reporting and auditing. The current paper, by studying the consequences of COVID-19 and ISIS, showed that further investigations in this field, especially regarding the capital market environment and A company, can obtain essential results based on which practical suggestions can be made for possible future crises.
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Open Access
Article
Article ID: 2813
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by Yaqdhan Abd Ali Kareem Wahab, Mohammad Ali Bagherpour Velashani, Mahdi Salehi
J. Infras. Policy. Dev. 2023 , 7(3);    349 Views
Abstract The present study investigates the relationship between audit quality and earnings management in banks listed on the Stock Exchange of Iraq and Oman. This paper used audit firm size, auditors’ industry expertise, audit report timeliness, auditor change, and auditors’ opinions to measure audit quality. Financial statements, notes attached to financial statements, and reports of independent auditors of 28 banks listed on the Iraqi Stock Exchange and 8 banks listed on the Oman Stock Exchange during the financial period of 7 years (2015 to 2021), and hypotheses were tested using EViews software and panel data. The results of the hypothesis testing showed no significant relationship between the firm size and the auditors’ change and earnings management for both countries (Iraq and Oman). This is while the relationship between the auditor’s industry expertise, the timely presentation of the audit report, and the auditor’s opinion and earnings management for both countries (Iraq and Oman) is negative.
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Open Access
Review
Article ID: 2223
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by Alexey Mikhaylov
J. Infras. Policy. Dev. 2023 , 7(3);    1482 Views
Abstract The crypto space offers numerous opportunities for users to grow their wealth through trading, lending, and borrowing activities. However, these opportunities come with inherent risks that need to be carefully managed to protect your assets and maximize returns. By understanding the risks associated with wallets and depository services, trading, lending, and borrowing, users can make informed decisions and enjoy the benefits of the rapidly evolving world of cryptocurrencies. This review paper analyses 43 papers for the period of 2019–2023 and proposes recommendations for policy makers. The results confirm that international regulators expect national authorities to implement a regulatory framework for digital assets comparable to those that already exist for traditional finance. For national authorities, this means having and using the powers, tools and resources to regulate and oversee a growing market. Authorities should cooperate and coordinate with each other, at the national and international levels, to encourage consistency and knowledge sharing. Market operators (exchanges), service providers, exchanges and wallets, create effective risk management structures, as well as reliable mechanisms for collecting, storing, protecting and reporting data.
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Open Access
Review
Article ID: 2680
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by Leilei Jiang, Walton Wider, Jem Cloyd M. Tanucan, Jonna Karla C. Bien
J. Infras. Policy. Dev. 2023 , 7(3);    461 Views
Abstract The COVID-19 pandemic has led to a reevaluation of global health capabilities, highlighting the importance of prioritizing the welfare of frontline healthcare workers. These individuals encountered difficult circumstances on a global scale, including longer work hours, heightened risk of virus exposure, and substantial strain on their mental and physical well-being. Healthcare professionals in China faced similar challenges. This article discusses systemic issues that have been exacerbated by the pandemic and argues for a sustained emphasis on the well-being of healthcare workers, rather than solely addressing it as a crisis response. Given the increasing likelihood of future global pandemics, it is crucial to emphasize the establishment of a durable support system that can enhance resilience and crisis management capabilities. This study examines the systemic challenges of the Chinese healthcare system, with a particular focus on the difficulties encountered during the pandemic. We advocate for a paradigm shift that acknowledges healthcare workers as essential stakeholders within healthcare systems. The objective is to encourage a worldwide conversation for implementing initiatives that transcend national boundaries, with the goal of consistently incorporating a culture of compassion and assistance into healthcare systems. We propose the implementation of a comprehensive support system that encompasses all facets of healthcare, going beyond the mere management of crises. Our vision is for health systems to prioritize the well-being of healthcare workers and the communities they serve, with a focus on resilience.
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Open Access
Review
Article ID: 2299
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by Nadia Mansour
J. Infras. Policy. Dev. 2023 , 7(3);    290 Views
Abstract China’s banking system, a product of its planned economy, is a means for China to implement its economic and financial development and consolidate its role in the global economy. Recently, this system has been decentralised by adapting specific regulations to international standards. Against this backdrop, the development of inter-bank activities has played a vital role in the rapid expansion of Chinese banking sector’s assets. This study, uses data from 34 listed commercial banks between 2010 and 2018, to analyse the effect of interbank activities on commercial banks’ liquidity risk using a panel data model. This determines whether the effects are the same for different commercial banks. The study concludes that the expansion of interbank activities has increased commercial banks' liquidity risk, and that this effect is more significant in joint-stock banks than in urban commercial banks. Therefore, commercial banks should sensibly position their interbank development model, conduct their interbank business prudently and rationally, and continuously strengthen their risk control measures. The supervisory authorities must continue to strengthen supervision of interbank activities and prevent funds from being de-realised.
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Open Access
Case Report
Article ID: 2643
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by Bity Salwana Alias, Rorlinda Yusof, Amran Rasli, Md Jais Ismail, Muhammad Nur Asyraf Nordin, Mohd Radzi Ishak, Silvi Asna Prestianawati, Imelda Hermilinda Abas, Khairul Azhar Jamaludin
J. Infras. Policy. Dev. 2023 , 7(3);    685 Views
Abstract Low integrity is a challenge for any organization. However, most organizations emphasize integrity without explaining what is required of an individual with high integrity. Exhibiting high integrity is necessary for academics; yet, the level of academic integrity remains unclear. Therefore, the purpose of this study is to examine the integrity level of academicians in a Malaysian public university. This paper shares the findings on the level of integrity of academics based on a questionnaire completed by 213 academicians. Data were collected by survey questionnaire and was analyzed using descriptive and inferential statistics. An overall mean score of 9.45 from a possible 10.0 indicated a high level of integrity among academics. The self-evaluation results by academics also demonstrated that they have attained integrity at a high level for their generic task, teaching and learning, research and publications and service for community with a mean score between 9.36 and 9.49. The value with the highest mean score was for “service to community”, whereas the lowest was for “research and publication”. These findings show that the university has successfully instilled values of integrity among academicians. Nevertheless, the university must continue to enhance academic integrity by exploring religiosity. Using Google Scholar, a literature search identified an Islam-based academic integrity model to explain the quantitative findings. Finally, a mixed method approach and involving all universities in Malaysia are recommended to further the findings of this study.
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