Showing papers on "Developing country published in 2021"

Falling living standards during the COVID-19 crisis: Quantitative evidence from nine developing countries.

Abstract: Despite numerous journalistic accounts, systematic quantitative evidence on economic conditions during the ongoing COVID-19 pandemic remains scarce for most low- and middle-income countries, partly due to limitations of official economic statistics in environments with large informal sectors and subsistence agriculture. We assemble evidence from over 30,000 respondents in 16 original household surveys from nine countries in Africa (Burkina Faso, Ghana, Kenya, Rwanda, Sierra Leone), Asia (Bangladesh, Nepal, Philippines), and Latin America (Colombia). We document declines in employment and income in all settings beginning March 2020. The share of households experiencing an income drop ranges from 8 to 87% (median, 68%). Household coping strategies and government assistance were insufficient to sustain precrisis living standards, resulting in widespread food insecurity and dire economic conditions even 3 months into the crisis. We discuss promising policy responses and speculate about the risk of persistent adverse effects, especially among children and other vulnerable groups.

How Did the COVID-19 Pandemic Affect Higher Education Learning Experience? An Empirical Investigation of Learners’ Academic Performance at a University in a Developing Country

Abstract: COVID-19 has dramatically reshaped the way global education is delivered Millions of learners were affected by educational institution closures due to the pandemic, which resulted in the largest o

Is happiness U-shaped everywhere? Age and subjective well-being in 145 countries

Abstract: A large empirical literature has debated the existence of a U-shaped happiness-age curve. This paper re-examines the relationship between various measures of well-being and age in 145 countries, including 109 developing countries, controlling for education and marital and labor force status, among others, on samples of individuals under the age of 70. The U-shape of the curve is forcefully confirmed, with an age minimum, or nadir, in midlife around age 50 in separate analyses for developing and advanced countries as well as for the continent of Africa. The happiness curve seems to be everywhere. While panel data are largely unavailable for this issue, and the findings using such data largely confirm the cross-section results, the paper discusses insights on why cohort effects do not drive the findings. I find the age of the minima has risen over time in Europe and the USA.

China's plastic import ban increases prospects of environmental impact mitigation of plastic waste trade flow worldwide.

Abstract: Since the late 1990s, the trend of plastic waste shipment from developed to developing countries has been increasing. In 2017, China announced an unprecedented ban on its import of most plastic waste, resulting in a sharp decline in global plastic waste trade flow and changes in the treatment structure of countries, whose impacts on global environmental sustainability are enormous but yet unexamined. Here, through the life cycle assessment (LCA) method, we quantified the environmental impacts of changes in the flow patterns and treatment methods of 6 types of plastic waste in 18 countries subsequent to the ban. In the short term, the ban significantly improved four midpoint indicators of environmental impact, albeit contributed to global warming. An annual saving of about 2.35 billion euros of eco-cost was realized, which is equivalent to 56% of plastic waste global trade value in 2017. To achieve global environmental sustainability in the long run, countries should gradually realize the transition from export to domestic management, and from landfill to recycling, which would realize eco-costs savings of about 1.54-3.20 billion euros.

Does economic prosperity lead to environmental sustainability in developing economies? Environmental Kuznets curve theory

Abstract: Since developing countries experience economic and environmental sustainability challenges, it is desirable digging into the linkages between economic and environmental parameters. The purpose of this work is to evaluate the existence of the environmental Kuznets curve (EKC) theory (i.e., the inverse U-shape connection between real GDP per capita and per capita carbon dioxide emissions) in the sample of 11 developing countries. By using balanced annual panel data in the period between 1992 and 2014 and two alternative estimation techniques, we explored the potential inverted U-shaped linkage between carbon dioxide emissions and real GDP per capita in the sample of interest. For analysis purposes, Pedroni and Westerlund co-integration techniques are employed. Then, fully modified ordinary least squares, pooled mean group methods are applied for long-run parameter estimations. And, the Dumitrescu-Hurlin causality approach is employed for causal directions. Firstly, this work’s findings provide the supportive evidence to the inverse U-shaped linkage in the long-run, indicating that an increase in real GDP per capita and electricity consumption tends to mitigate long-run carbon dioxide emissions in the developing countries, for the whole sample. Secondly, the country-specific findings suggested the presence of EKC theory for Brazil, China, India, Malaysia, the Russian Federation, Thailand, and Turkey. It implicated that these countries are on the path of attaining environmental sustainability in the long-run. However, Mexico, Philippines, Indonesia, and South Africa failed to lend credence to the EKC theory. It manifested that these countries need to design strategies directed to reduce carbon dioxide emissions from economic activity and electricity generation through efficiency improvement or promotion of renewables. Finally, bidirectional causal links are observed among all the variables of interest. The findings suggest that country-specific targeted action plans should be implemented to ensure the environmental sustainability in the developing world.

Aid, China, and Growth: Evidence from a New Global Development Finance Dataset

Abstract: This article introduces a new dataset of official financing from China to 138 developing countries between 2000 and 2014. It investigates whether Chinese development finance affects economic growth in recipient countries. The results demonstrate that Chinese development finance boosts short-term economic growth. An additional project increases growth by between 0.41 and 1.49 percentage points 2 years after commitment, on average. While this study does not find that significant financial support from China impairs the overall effectiveness of aid from Western donors, aid from the United States tends to be more effective in countries that receive no substantial support from China.

COVID-19 pandemic effects on nursing education: looking through the lens of a developing country.

Abstract: Background COVID-19 pandemic has impacted the way things are done in walks of life including nursing education in both developing and developed countries. Nursing schools all over the world as well as in developing countries responded to the pandemic following the guidelines of the World Health Organisation and different countries specific guidelines regarding the pandemic. Aim This reflective piece aims to describe the effect of COVID-19 on nursing education in developing countries. Result Face-to-face teaching and learning were converted to virtual remote learning and clinical experiences suspended to protect the students from the pandemic. Specific but broader responses to the pandemic in the Caribbean and other developing countries have been shaped by financial, political and other contextual factors, especially the level of information technology infrastructure development, and the attendant inequities in access to such technology between the rural and urban areas. Internet accessibility, affordability and reliability in certain areas seem to negatively affect the delivery of nursing education during the COVID-19 lockdown. Conclusion and implications for nursing and/or health policy The impact of COVID-19 on nursing education in the Caribbean and other parts of the world has shown that if adequate measures are put in place by the way of disaster preparedness and preplanned mitigation strategies, future crises like COVID-19 will have less impact on nursing education. Therefore, health policymakers and nursing regulatory bodies in the developing countries should put policies in place that will help in responding, coping and recovering quickly from future occurrences.

University students' interaction, Internet self-efficacy, self-regulation and satisfaction with online education during pandemic crises of COVID-19 (SARS-CoV-2)

Abstract: This study aimed to investigate Jordanian university students' interaction, Internet self-efficacy, self-regulation and satisfaction regarding online education during the COVID-19 pandemic.,A correlational cross-sectional design was utilized using convenience sampling to include 702 undergraduate students from Jordanian universities using an online self-administered questionnaire. Descriptive statistics, T-tests, one-way ANOVA and multiple regression analyses were used to analyze the data.,The mean score of students' satisfaction was low (m = 45.14, SD = 25.62). Regarding student's interaction, learner-instructor interaction had the highest total mean score (m = 58.53, SD = 24.51), followed by learner-learner interaction (m = 47.50, SD = 22.64). Learner-content interaction had the lowest total mean score (m = 45.80, SD = 24.60). Significant differences in students' satisfaction were identified according to the level of education, university type and marital status. Significant predictors of students' satisfaction with online education were self-regulated learning, Internet self-efficacy, learner-content interaction, learner-learner interaction and the number of e-learning theoretical courses.,Online education is not well-established in developing countries. This study contributed to the limited knowledge of university students’ preparedness and satisfaction with online education during the early stage of COVID-19 pandemic.

Green Economy in Sustainable Development and Improvement of Resource Efficiency

Abstract: In the expansion of volumes of industrial production, there is an increase of anthropogenic influence and deterioration of the external environment that became the reason for the impossibility of a functioning market system without taking into account negative externalities. The article considers the directions and principles of a “green economy” functioning as the basis for further development of society. The current state and trends of the impact of environmental factors on other indicators of quality of life have been analysed and comparative analysis has been made on the example of developed and developing countries. Effective indices and instruments of influence on the level of ecological and economic development and main tendencies and problems arising at the introduction of “green economy”, have been considered. The use of indicators that take into account negative externalities, such as the Pigouvian tax, has been demonstrated to be more visible than widely used indices. The losses from the negative impact on the resulting economic indicators have been analysed, and a significant decrease in the per capita GDP level has been proved with the extensive development of the economy.Implications for Central European audience: This paper aims to contribute to the development of a green economy as part of a policy aimed at reducing environmental risks in the process of economic growth. The proposed indicators and tools for influencing the level of environmental and economic development arising from the implementation of the “green economy” as the main vector of sustainable development, which can be used further research and development and can be implemented by European companies.

Raising awareness on solid waste management through formal education for sustainability: A developing countries evidence review

Abstract: Solid Waste Management (SWM) is a multifaceted problem comprising political, socioeconomic, institutional, and environmental aspects. Due to exponential urban growth, it has become one of the most significant issues faced by urban spaces in developing countries. The gap in environmental knowledge among the youth and the old within developing countries contribute to ecological issues or waste management problems, resulting in unsustainable development, with important consequences in low-income countries. For that matter, a systematic review was conducted aiming to identify and analyse environmental knowledge, awareness, attitudes, and practice studies on SWM from 2010 to 2019 in developing countries. The evidence suggests that students at both secondary and tertiary levels have positive environmental attitudes, and high awareness of environmental issues, but there is a lack of practical education of teachers to guide students to put SWM into practice. Student’s low environmental knowledge is related to a deficiency in teachers’ practical experience in SWM for environmental sustainability. A relationship between teachers’ and students’ knowledge and attitudes towards SWM, as well as differences in awareness, attitude, and practices of SWM linked with education and age, were also found. This review also revealed that the lack of environmental education in most developing countries is caused by fragilities in practical environmental curricula of teachers to respond to modern-day environmental issues for sustainable development and cleaner production (CP). To bridge the knowledge gap between the youth and older people in SWM, environmental sustainability education should be integrated into schools at all levels within developing countries.

Electronic Waste, an Environmental Problem Exported to Developing Countries: The GOOD, the BAD and the UGLY

Abstract: Electronic waste (e-waste) is a rapidly developing environmental problem particularly for the most developed countries. There are technological solutions for processing it, but these are costly, and the cheaper option for most developed countries has been to export most of the waste to less developed countries. There are various laws and policies for regulating the processing of e-waste at different governance scales such as the international Basel Convention, the regional Bamoko Convention, and various national laws. However, many of the regulations are not fully implemented and there is substantial financial pressure to maintain the jobs created for processing e-waste. Mexico, Brazil, Ghana Nigeria, India, and China have been selected for a more detailed study of the transboundary movements of e-waste. This includes a systematic review of existing literature, the application of the Driver, Pressure, State, Impact, Response (DPSIR) framework for analysing complex problems associated with social ecological systems, and the application of the Life Cycle Assessment (LCA) for evaluating the environmental impact of electronic devices from their manufacture through to their final disposal. Japan, Italy, Switzerland, and Norway have been selected for the LCA to show how e-waste is diverted to developing countries, as there is not sufficient data available for the assessment from the selected developing countries. GOOD, BAD and UGLY outcomes have been identified from this study: the GOOD is the creation of jobs and the use of e-waste as a source of raw materials; the BAD is the exacerbation of the already poor environmental conditions in developing countries; the UGLY is the negative impact on the health of workers processing e-waste due to a wide range of toxic components in this waste. There are a number of management options that are available to reduce the impact of the BAD and the UGLY, such as adopting the concept of a circular economy, urban mining, reducing loopholes and improving existing policies and regulations, as well as reducing the disparity in income between the top and bottom of the management hierarchy for e-waste disposal. The overarching message is a request for developed countries to help developing countries in the fight against e-waste, rather than exporting their environmental problems to these poorer regions.

COVID-19 implications for banks: evidence from an emerging economy.

Abstract: The COVID-19 pandemic is damaging economies across the world, including financial markets and institutions in all possible dimensions. For banks in particular, the pandemic generates multifaceted crises, mostly through increases in default rates. This is likely to be worse in developing economies with poor financial market architecture. This paper utilizes Bangladesh as a case study of an emerging economy and examines the possible impacts of the pandemic on the country's banking sector. Bangladesh's banking sector already has a high level of non-performing loans (NPLs) and the pandemic is likely to worsen the situation. Using a state-designed stress testing model, the paper estimates the impacts of the COVID-19 pandemic on three particular dimensions-firm value, capital adequacy, and interest income-under different NPL shock scenarios. Findings suggest that all banks are likely to see a fall in risk-weighted asset values, capital adequacy ratios, and interest income at the individual bank and sectoral levels. However, estimates show that larger banks are relatively more vulnerable. The decline in all three dimensions will increase disproportionately if NPL shocks become larger. Findings further show that a 10% NPL shock could force capital adequacy of all banks to go below the minimum BASEL-III requirement, while a shock of 13% or more could turn it to zero or negative at the sectoral level. Findings call for immediate and innovative policy measures to prevent a large-scale and contagious banking crisis in Bangladesh. The paper offers lessons for other developing and emerging economies similar to Bangladesh.

The Short-Term Impacts of COVID-19 on Households in Developing Countries

Abstract: This paper combines new data from high-frequency surveys with data on the stringency of containment measures to examine the short-term impacts of the COVID-19 pandemic on households in developing countries. This paper is one of the first to document the impacts of COVID-19 on households across a large number of developing countries and to do so for a comparable time-period, corresponding to the peak of the pandemic-induced drop in human mobility, and the first to systematically analyze the cross- and within-country effects on employment, income, food security, and learning. Using representative data from 34 countries, accounting for a combined population of almost 1.4 billion, the findings show that in the average country, 36 percent of respondents stopped working in the immediate aftermath of the pandemic, over 64 percent of households reported decreases in income, and over 30 percent of children were unable to continue learning during school closures. Pandemic-induced loss of jobs and income translated into heightened food insecurity at the household level. The more stringent the virus containment measures were, the higher was the likelihood of loss of jobs and income. The pandemic’s effects were widespread and highly regressive, disproportionally affecting vulnerable segments of the population. Women, youth, and lower-educated workers—groups disadvantaged in the labor market before the COVID-19 shock—were significantly more likely to lose their jobs and experience decreased incomes. Self-employed and casual workers—the most vulnerable workers in developing countries—bore the brunt of the pandemic-induced income losses. Interruptions in learning were most salient for children in lower-income countries, and within countries for children in lower-income households with lower-educated parents and in rural areas. The unequal impacts of the pandemic across socioeconomic groups risk cementing inequality of opportunity and undermining social mobility and call for policies to foster an inclusive recovery and strengthen resilience to future shocks.

Sustainability reporting and bank performance after financial crisis: Evidence from developed and developing countries

Abstract: This study aims to examine the relationship between sustainability reporting and bank performance after financial crisis in developed and developing countries.,This study examines 882 banks from developed and developing countries covering 11 years after the 2008 financial crisis. The independent variable is environmental, social and governance (ESG) scores. The dependent variables are return on assets, return on equity and Tobin’s Q. This study uses bank- and country-specific control variables to measure the relationship between sustainability reporting and bank performance.,The findings deduced from the empirical results demonstrate that ESG improves banks’ accounting and market-based performance in developed countries, supporting value creation theory. Using pooling regression and instrumental variable – generalized method of moments, this study finds that ESG weakens banks’ performance in developed and developing countries.,To the best of the author’s knowledge, this is the first study to investigate and compare the impact of sustainability reporting on banks’ performance in developed and developing countries. The study found similarities in the impact of sustainability reporting and the improvement of banks’ current and future performance.

Financial Sector Policy Response to COVID-19 in Emerging Markets and Developing Economies

Abstract: This paper introduces a new global database and a policy classification framework that records the financial sector policy response to the COVID-19 pandemic across 155 jurisdictions and over time. It documents that authorities around the world have taken a diverse array of measures to mitigate financial distress in the markets and for borrowers, and to support the provision of critical financial services to the real economy. Using Cox proportional hazards and Poisson regressions, the paper takes initial steps to analyze the determinants of policy makers’ responsiveness and activity in emerging markets and developing economies, respectively. The results indicate that policy makers in richer and more populous countries have been significantly more responsive and have taken more policy measures. Belonging to a monetary union is also significantly associated with a faster and more frequent intervention. Countries with higher private debt levels tend to respond earlier with banking sector and liquidity and funding measures. The spread of COVID-19, macro-financial fundamentals, pressure on foreign exchange markets, political settings, and fiscal and containment policies appear to play a limited role in determining policy response. In a substantially smaller sample, the paper explores the role of banking sector characteristics and finds that emerging markets and developing economies with higher private bank credit to GDP and that have adopted Basel III reforms have taken fewer policy measures.

Does environmental knowledge drive pro-environmental behaviour in developing countries? Evidence from households in Ghana

Abstract: Ghana and other developing countries in Africa are currently facing severe environmental problems with their associated health implications. In the environment and development literature, environmental knowledge is generally believed to influence people’s behaviour. To help in dealing with environmental management problems commonly found in developing countries, this study models environmental knowledge as a predictor of variation in the pro-environmental behaviour of households in Ghana. Using a household survey approach, and a multinomial logit regression analysis, we found that environmental knowledge is positive and statistically highly significant in explaining pro-environmental behaviour. Also, this study acknowledges that changes in pro-environmental behaviour are accounted for by environmental knowledge (internal factors) as well as socio-economic (external) factors. Based on the findings, the study attempts to draw lessons for policy decision-making in Ghana and other developing countries with similar characteristics.

The use of pesticides in developing countries and their impact on health and the right to food

Abstract: This study provides a broad perspective on the main trends regarding the use of pesticides in developing countries and their impacts on human health and food security. Information is provided on the challenges of controlling these hazardous substances, along with the extent to which pesticides banned within the European Union (EU) are exported to third countries. The analysis assesses the factors behind the continuation of these exports, along with the rising demand for better controls. Recommendations are intended to improve the ability for all people, including future generations, to have access to healthy food in line with United Nations declarations. These recommendations include collaborating with the Rotterdam Convention to strengthen capacity building programmes and the use of the knowledge base maintained by the Convention; supporting collaboration among developing countries to strengthen pesticide risk regulation; explore options to make regulatory risk data more transparent and accessible; strengthen research and education in alternatives to pesticides; stop all exports of crop protection products banned in the EU; only allow the export of severely restricted pesticides if these are regulated accordingly and used properly in the importing country; and support the re-evaluation of pesticide registrations in developing countries to be in line with FAO/WHO Code of Conduct.

Rethinking mobility of international university students during COVID-19 pandemic

Abstract: PurposeThe purpose of the study is to examine the relationship between the COVID-19 pandemic and international student mobility from an alternative perspective and to reveal descriptive findings.Design/methodology/approachThis study follows qualitative research methodology. In accordance with the purpose of the study, the data were collected by the literature review and then it was analyzed by the descriptive analysis method. The effect of the COVID-19 pandemic on international student mobility and the relationships between these variables are explained by tables and classifications.FindingsAccording to the findings obtained, the restrictions in physical student mobility and shutdown are observed as the biggest challenges that occurred in higher education during the COVID-19. On a global scope, international student mobility has experienced a major break. Physical campus life is still on standby. Online higher education does not give any campus life as before. Students cannot benefit form city's or country's facilities when studying online at home country. The collaboration between university and business has been declined and this is even more discouraging for international students. The hybrid education model produced an intermediate solution in this period. On the other hand, the rise of online education has created new techniques for higher education. University students who cannot go abroad attend different countries lectures and education programs. But also a new challenge has come as the access of online platforms in under developing countries university students. Online education system also discussed in terms of creating inequality in higher education.Research limitations/implicationsThis study focused on student mobility and not focused about academic mobility.Practical implicationsIt is seen that the traditional higher education system has been adapted into online distance higher education system since COVID-19 crises began globally. On the other side, it is observed that most of studies have focused the effect of COVID-19 on university students based on the transition to online education. When considering the effect of pandemic process on the mobility of international students and higher education, the authors can suggest policy makers to develop new higher education protocols and teaching models supporting key issues (economic, social, health, education and equalization) in the long-term. Higher education institutes have been able to produce creative and innovative solutions for both education and communication during the pandemic process.Social implicationsUniversity students who cannot go abroad attend different countries lectures and education programs. But also a new challenge has come as the access of online platforms in under developing countries university students. Online education system also discussed in terms of creating inequality in higher education.Originality/valueThis study provides a new perspective for international student mobility in the context of COVID-19 pandemic. This is an emerging issue for the literature. This study is original with its approach to the subject from a global perspective through reviewing the studies of different countries. This study points out key variables for determining the effect of COVID-19 on international student mobility for future studies. When employing quantitative research models, the current key variables can guide them.