This study investigates how financial cognitive abilities influence individual investors’ intentions to engage in the stock market, particularly considering the mediating role of financial capability. It seeks to address the gaps in understanding the factors that drive investors’ participation in emerging markets like Pakistan, highlighting the importance of financial knowledge, financial planning, and financial satisfaction and financial capability. Data were collected from 377 individual investors through a self-administered questionnaire using a cross-sectional design and non-probability convenience sampling approach. Results reveal that financial knowledge affects investors’ intentions both directly and indirectly, with financial capability serving as a partial mediator. Financial planning influences intentions indirectly through complete mediation, while financial satisfaction affects intentions in both direct and indirect ways, with partial mediation. The study provides valuable insights for the researchers, individual investors, governmental officials, policymakers, and stock market regulators in context of emerging economies like Pakistan, highlighting key determinants of stock market participation.
Historically, women have faced progressive and persistent obstacles and prejudices preventing them from fully participating in and receiving recognition for scientific research in academia. In Panama, local gender studies specifically targeting the area of academia are scarce. However, to close the gender gap, this article tries to uncover the realities of women academics who dare to research and do science in Panama, beyond statistics. A virtual survey was distributed from May to August 2023, in which 921 academics (45% men and 55% women) affiliated with public universities in Panama were surveyed. Through an empirical analysis from a gender perspective, participants’ attitudes and perceptions on the effects of the covid-19 pandemic on research, the quality of higher education in Panama, the dissemination and transmission of knowledge, and research as an adjuvant to higher education were revealed. Findings reiterate the gender bias and underrepresentation of women in Panamanian public universities and the lack of commitment to their capacity building, research, and dissemination of results. It also confirmed that, despite the covid-19 pandemic and its negative effects in all areas, the importance and recognition of scientific research were highlighted, allowing women academics to excel competitively and take advantage of new opportunities in their career development.
This study investigated the influence of infrastructure spending, government debt, and inflation on GDP in South Africa from 1995 to 2023. Motivated by the need for sustainable growth amid fiscal and inflationary pressures, this research addresses gaps in understanding how these factors shape economic performance. The primary objective was to assess these variables’ individual and combined effects on GDP and offer policy recommendations. Using an ARDL model, the study explored long- and short-term relationships among the variables. Results indicate that infrastructure spending positively impacts GDP, promoting long-term growth, while government debt hinders GDP in both short and long runs. Moderate inflation supports growth, but excessive inflation poses risks. These findings imply the need for targeted infrastructure investments, strict debt management practices, and inflation control measures to sustain economic stability and growth. Policy recommendations include expanding public investment in productive infrastructure, implementing fiscal rules to prevent unsustainable debt levels, and maintaining inflation within a controlled range. Ultimately, these policies could help South Africa build a resilient, balanced economy that addresses both immediate growth needs and long-term stability.
China established pilot carbon markets in 2013. In 2020, it set targets for carbon peaking in 2030 and carbon neutrality by 2050. China’s national carbon market officially commenced operations in 2021. Based on the national market and seven pilot markets, this study established the factors influencing carbon trading prices by examining market participants, macroeconomics, energy prices, carbon prices in other markets, etc. Asymmetrical development among the seven pilot cities, for which the study employed a mixed-effects model, was the primary factor impacting carbon prices. The carbon prices in the pilot cities cannot be extrapolated to the entire country. In the national carbon market, where the study employed a multiple regression lag model, the SSE index was positively correlated with carbon prices, whereas the Dow Jones index had no significant effect on carbon prices in terms of macroeconomics. Coal and natural gas prices were negatively correlated with carbon prices, whereas oil prices were positively correlated with energy prices. The EU market prices have a positive correlation with prices in other markets. The significance of this study is that it covers the largest national Emissions Trading System (ETS) in the world and allows for comparing the characteristics of the Chinese market with those of other ETS markets. Additional studies, including more sectors, should be conducted as China’s ETS coverage increases.
The demography of Saudi Arabia has been discussed many times but its conflict with the theories of transition and associated structural changes is unexplained. This research explains the demographic differentials stated as lag - real from theoretical – separately for the native and total population. This research developed demographic indicators revealing trends and patterns by adopting a secondary data analysis method, utilizing the General Authority for Statistics census data and other online data. The demographic transition of Saudi Arabia is in line with the theoretical contentions of pretransition and transition (early, mid, and late) stages but at definite time intervals. The absolute size, percentage change, and annual growth rate are explanatory for natives and are considered separately. Moreover, the structural population changes reveal transition stages from expansive to near expansive and constricting and stabilizing. Furthermore, broad age groups indicate rapid declines in the percentage of children, rapid increases in young adults, slow increases in older adults, and no changes in older persons. Even the sex ratio of natives is at par with other populations in transition (slightly above 100). Thus, it could be concluded that a demographic transition with structural changes as per theories: flawless growth rates with an expanding demographic dividend. At this juncture, the integration of migrants into society by endorsing family life and enabling social and demographic balance appears as imperative to improving the labor sector, productivity, and the image of the country in the international spheres for comparisons and benchmarking.
This paper explores the ritual practices associated with Beiyuan Tribute Tea production in Jianzhou, Fujian, China. Beiyuan Tribute Tea, a historically significant tea, originated in the Tang Dynasty, flourished during the Song Dynasty, and experienced a decline in the Ming Dynasty, reproduced in contemporary times. The tea’s production involved intricate rituals that not only enhanced its quality but also embedded it deeply into the socio-cultural and religious fabric of the time. These rituals, encompassing aspects of religious reverence, craftsmanship, and social etiquette, played a crucial role in the tea’s esteemed status as a tribute to Chinese emperors in history. The study utilized ethnographic methods, including participant observation, in-depth interviews with 17 people, and document analysis, to capture the rich, contextual details of the tea production process. The study delves into the historical context, production techniques, and symbolic meanings of the rituals, highlighting their impact on the broader cultural heritage of Chinese tea. The recent revival efforts of these traditions underscore their enduring significance and offer insights into the cultural continuity and adaptation in contemporary tea practices.
In wealthy nations, biofuel usage has grown in importance as a means of addressing climate change concerns, ensuring energy security, and promoting agricultural development. Because they understand the potential advantages of biofuel for rural development and job creation, governments have created policies and legislation to encourage the production of biofuel. However, the province of Limpopo hasn’t fully taken advantage of the potential to use biofuel production as a vehicle for job development, despite a higher demand for the fuel. There is currently a lack of understanding of the role of biofuel in promoting local development in developing regions. For this reason, this study made use of semi-structured interviews to explore how biofuel production can be used as an instrument for Local Economic Development (LED) in the Limpopo province of South Africa. The research investigated the determinants of empowerment that could impact the commercial feasibility of biofuel production in the province. It also identified the need for human resource development to get workers ready for jobs in Limpopo’s biofuel sector. The results showed that, provided certain conditions were met, the production of biofuel in Limpopo may be a useful instrument for creating local jobs. By highlighting the potential for job creation and the importance of human resource development, this research aims to facilitate evidence-based decision-making that can harness biofuel production for sustainable rural development in the region. The value of this study lies in its contribution to the understanding of biofuel’s role in LED, offering actionable insights for policymakers and stakeholders in Limpopo.
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