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The time-varying impact of US monetary policy spillovers on small open economies: Evidence from Indonesia
Get PDFThis study examines the impact of the US monetary policy spillover on Indonesia’s macroeconomic and financial variables using quarterly data for the period 2000–2020 for both domestic and US variables. The study uses a Bayesian form of a time-varying parameter (TVP) vector autoregressive (VAR) model with stochastic volatility to look at how real GDP, inflation, the exchange rate, the stock market return, and the monetary policy rate react to a shock in US monetary policy. We find that US monetary policy spillovers, on average, boost Indonesia’s real GDP, stock market returns, and bilateral exchange rate vis a vis the US Dollar but also trigger domestic inflation beyond what Indonesia’s policy reaction could counteract. However, there are significant differences between the variables' responses to easing and tightening shocks, on the one hand, and conventional vs. unconventional monetary policy, on the other. Finally, we found substantial time variation corresponding to major global events, including the Global Financial Crisis and implementation of unconventional monetary policy, the taper tantrum of 2013–2014, and the severe lockdown in the wake of the COVID-19 pandemic in 2019–2020. These findings underscore the importance for policymakers in Indonesia to closely monitor and anticipate the impact of US monetary policy spillovers on domestic macroeconomic variables. This knowledge can inform more effective policy responses and risk management strategies to safeguard economic stability and promote sustainable growth
Does quality-adjusted human capital matter for economic growth of Malaysia: Time series analysis
Get PDFHuman capital plays a crucial role in driving productivity development and enhancing the standard of living. Human capital refers to the collective knowledge and skills possessed by individuals, which significantly contribute to enhancing productivity and are closely linked to economic growth and development. The significance of human capital in driving innovation and productivity in the case of Malaysia cannot be overlooked. The primary objective of this study is to conduct an empirical analysis of the impact of human capital on the economic growth (EG) of Malaysia over the period from 1990 to 2022. This study utilized quality-adjusted human capital to accurately reflect the underlying significance of human capital. Hence, this study contributes to the existing body of literature by using quality-adjusted human capital in the case of Malaysia. To check the cointegration among variables, this study uses the Fisher Type Bayer-Hanck cointegration test and Johansen cointegration techniques. Using the ARDL approach, we find a positive impact of human capital on economic growth. This implies that labor with developed human capital is more productive and hence contributes more to economic growth. To optimize the positive impact of human capital on economic growth in Malaysia, it is imperative to establish a comprehensive array of policy recommendations that encompass both the quantity and quality of human capital development
Enhancing innovation in elementary dance classrooms through the learning community model
Get PDFThis study aimed to: (1) investigate current conditions and practices in developing dance classrooms using the learning community model for elementary dance teachers; (2) create a dance classroom using the learning community model with elementary dance teachers; and (3) assess the effectiveness of this development approach. The study includes 20 experts studying existing circumstances and making recommendations using questionnaires and interviews. There were 150 elementary school kids and six volunteer instructors among the participants. The research techniques comprised a dance classroom setting, a competency evaluation form for dance teachers, an assessment of students' innovation ability, and an opinion questionnaire. The data was analyzed using frequency, percentage, standard deviation, and t-tests. It found that creating a dance classroom required four steps: (1) surveying, (2) planning, (3) managing, and (4) applying. The main results were: (1) dance teachers' abilities significantly improved at .05; (2) students' average abilities increased during the study, with the experimental group performing significantly better than the control group; and (3) the experimental group demonstrated a significantly higher ability to create dance innovations than the control group at the.05 level. The results revealed that employing a learning community model in dance classrooms effectively improved students into innovation creators
Classroom management in the online environment: A case study of Thai TESOL staff in Thai university context
Get PDFThe present pandemic has presented seriously affected not only the daily life but also teaching and learning and it has been seen a long battle for educators including TESOL teachers in Thailand. Working in the field of TESOL, the author experiences the new changing environment where an actual classroom turns into a virtual classroom. All documents and teaching tools prepared (before the pandemic) have been changed into online documents. Undeniably, online teaching can be seen as demanding as teaching staff moving from a space in which they have years of experience to the unknown world of online, remote, and socially distanced teaching. This study aims to identify Thai TESOL staff’s perception towards teaching and learning management affected by COVID-19. It The study revealed that the effectiveness of teaching in the changing context depends on the teachers’ readiness to a new learning technology like online meeting, at the same time, they must be open-minded and concerned that they must adjust their role to fit properly in the context. Even though participants found the significant change in the use of teaching technology in an online environment, interestingly their teaching and learning management remained as it used to be in the normal (onsite) classroom. In addition, the study provides implications for those who would like to create positive learning environment in online situation
A scientometrics analysis and systematic review of STEAM education with gamification
Get PDFThis scientometric analysis and systematic review methodologies examine the integration of gamification into steam education from 2017 to 2023. We collected data from the Scopus database. The study employed content analysis to evaluate 34 articles published during the past 7 years. The aggregate magnitude and trajectory of publications. The study examined trends in terms of annual accounts, number of articles, distribution of articles by sources, most productive sources, keywords, top collaboration groups, theme evolutions, contributions, practical consequences, and conceptual framework. The findings revealed the publication of 34 papers across 30 sources between 2017 and 2023, offering significant insights into the data and document formats. The research on steam with gamification revealed fluctuations, alternating between deceleration and positive acceleration. The articles experienced their highest growth rate in 2022. "CEUR workshop proceedings" is the primary source for the most frequently published articles. We request the keyword Plus growth rate for phrases such as "computer-aided instruction," "e-learning," and "embedded systems." The analysis’s findings on thematic evolution unveiled three significant advancements: (1) Studies in science and technology have shifted their focus towards steam education. (2) Research on learning environments has expanded to include further investigation into stem education and the integration of science and technology. (3) School students’ research has evolved and merged with the study of the learning process. The outcomes, contributions, and real-world significance of incorporating gamification into steam education. The conceptual framework ultimately fosters the development of creativity, problem-solving skills, and innovative abilities
Association between mothers knowledge and oral health of children
Get PDFMothers should have sufficient knowledge of understanding the value of maintaining oral health. Mother is the decision makers in matters of health-care for children; thus, they play an important role in achieving the best oral health outcomes for their young children. A descriptive cross-sectional study was carried out at three schools in Dhaka city in Bangladesh to assess the level of knowledge among 131 mothers about children oral health. Face to face interview was carried out with the semi-structured questionnaire. Purposive sampling technique was used to collect data on the basis of inclusion and exclusion criteria and written consent was taken prior to interview. Mean±SD age was 27.16±6.45 years. About 30.50%, 27.50%, 22.90% and 16.80% of respondents were HSC, graduate, SSC and illiterate respectively. About 61.1%, 31.3% and 7.6% respondents had moderate, good and poor knowledge on brushing pattern respectively. Moreover 47.3%, 38.2% and 14.5% respondents had moderate, poor and good knowledge on deciduous and permanent tooth respectively. Strong significant association was found between education of respondents and knowledge on brushing pattern. Significant association was found between education of respondents and knowledge on deciduous and permanent tooth
The Valuation of Environmental, Social, and Governance Banking: Evidence from Sri Kehati Index, Indonesia
Get PDFThis study aims to provide a fair price valuation of banking shares indexed in SRI-KEHATI as a consideration to investors, the public, and other banks regarding the long-term potential of banks that have implemented ESG. The methodology in this research uses the Discounted Cash Flow method with the Free Cashflow to Equity (FCFE) approach and the Relative Valuation method with the Price to Earnings Ratio (PER) and Price Book Value (PBV) approaches in optimistic, moderate, and pessimistic scenarios. This research focused on five banks indexed in SRI-KEHATI, projecting their fair values under three scenarios. The value of the study is in the optimistic scenario; all banks are projected to be in an undervalued position compared to prices in the capital market. In the moderate and pessimistic scenarios, the condition of the intrinsic value compared to the market value differs between banks. The results of this research can be used by investors and companies to evaluate the performance and value of green banking stocks in Indonesia listed on the SRI-KEHATI index because there is no previous research that has examined the valuation of green banking stocks within the SRI-KEHATI index in Indonesi
Business Strategies for Carbon Fiber-reinforced Polymer Recycling in the Aviation Industry: A Literature Review
Get PDFThis study investigates business management strategies to enhance the effectiveness and longevity of CFRP-Cs applications in the aviation industry. In the current scenario, the transport industry has increasingly turned to lightweight materials for external structures. The automobile, aviation, and train sectors are particularly keen on utilizing Carbon Fiber-Reinforced Polymers (CFRPs) due to their lightweight nature, erosion resistance, and various functional elements beneficial for the transport industry (Bonfanti et al., 2023). However, CFRP composites (CFRP-Cs) pose challenges in the recycling process due to their compounds. The recycling process can only be conducted under extreme conditions, and direct reuse of these CFRP-Cs is difficult to process. A systematic literature review is conducted to examine the use and state of the art of CFRP fibers, the recycling processes adopted, and their associated challenges, benefits, and guidelines. The existing state of the art suggests that the use of CFRP cannot be avoided. However, for environmental sustainability, business strategies should focus on creating a market for CFRP recycling (Deng et al., 2020) and fostering consensus for the progressive use of recycled materials across industries. This involves developing guidelines within a sliding directive to ensure the necessary mechanical performance of CFRP-Cs while promoting environmental responsibility
Green Banking Universe and Sustainability Banking Industry in Indonesia: The Influence of Information Technology Governance
Get PDFThis study aims to explores the role of green accounting, green innovation, and green technology and the process of accelerating information technology governance in achieving corporate sustainability. As one of the vital sectors, banking has a large share of Indonesia’s economy. The empirical gap regarding green accounting practices in Indonesia, especially in the banking sector, will contribute to this research. The processing method used is a regression of top panel data of banking companies listed on the Indonesia Stock Exchange from 2015-2021. The results shows that green technology has a positive effect on banking sustainability in Indonesia. Furthermore, green accounting does not influence the level of banking sustainability, and green innovation negatively influences the level of banking sustainability in Indonesia. The results of this research data analysis are significant findings, considering that the concept and practice of green accounting are increasingly discussed today. This finding can help regulator to more detailed policy derivatives and targeted practice directions in green and sustainability banking are needed. This research provides a new insight about information technology governance to improving implementation green banking to pursue future sustainability banking
Mandatory Reporting of Business Responsibility and Sustainability and Stock Market Response: Evidence from an Emerging Economy
Get PDFThe objective of the current study is to evaluate the impact of the mandatory business responsibility and sustainability reporting (BRSR) framework on stock market performance in India. The study uses event study technique to evaluate the impact of this announcement while taking into account a sample of 940 listed Indian companies and daily stock return data from 276 trading days. According to the study’s examination of cumulative average abnormal returns (CAAR) and daily average abnormal returns (AAR) for various event windows, stock market participants have positively and strongly reacted to the BRSR announcement. Further, the impact of carbon sensitivity has been evaluated through independent industry-level analyses. Present research assists managers to understand investor perception towards non-financial disclosures which further helps to enhance the firm value and reduce information asymmetry by providing relevant information. Further, policymakers can use findings of present research to disseminate the advantages of adopting ESG disclosure practices. Current study provides pioneering evidence on the market response to compulsory ESG disclosure framework in emerging context. Further, it makes a substantial contribution to the expanding field of sustainability research and has significant policy, managerial, and academic ramifications