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During the recent founding of Saudi Arabia in 1932, there was no interest in the urban and architectural heritage that Jeddah possesses. As a result, historic Jeddah was exposed to many problems similar to many historical Middle Eastern cities. For example, the historic city wall and many heritage buildings were demolished. With the economic recovery during the 1970s, the original dwellers abandoned the city altogether. They were soon replaced by a class of ex-patriate workers who would inhabit the area, and the city's distinct heritage fell into neglect. At the beginning of the 1980s, attempts to preserve that area began with the expert Robert Matthew, who studied the remaining historical buildings and proposed strategies for preservation that were based on three main directions: restoration, replacement, or new construction. The issuance of "Saudi's 2030 vision" included programs to develop Saudi cities, including Jeddah. This program includes the removal of unplanned and slum areas around historic Jeddah without developing a clear master plan for what will replace them. In addition, it includes the complete expropriation of historic Jeddah, without announcing a specific plan for what the area will be used for. Therefore, this study seeks to review current preservation strategies, with the aim of reaching results related to the challenges facing the area; demonstrating the effectiveness of the preservation strategies used; and deducing what could contribute in the future to the development, preservation, and optimal exploitation of the area, without losing its value as a result of the modernization processes currently taking place. [ABSTRACT FROM AUTHOR]

Abstract Background COVID-19 has delivered an enormous shock to the global economy, triggering the deepest recession in eight decades, almost three times as deep as the 2009 global recession. Of all the nations in Africa, Nigeria remains one of the nations with a huge and significant impact on the human capital. Methods Hence, here we employed the recent nationally representative data from Nigeria - the COVID-19 National Longitudinal Phone Survey 2020-World Bank Living Standards Measurement Study Integrated Agriculture Survey (LSMS-ISA), a harmonized dataset to explore how the COVID-19 induced shocks affected households’ human capital development (using health and education outcomes). Results The results indicate that the COVID-19 induced shocks impact on both health and education in Nigeria. Interestingly, access to social safety nets had a positive association with the health and education outcomes. The study concludes that households’ access to social safety nets, particularly during the COVID-19 pandemic aids in the development of the nation’s human capital. Therefore, effectively enhancing household’s resilience and strengthening human capital development require positive and considerable innovation, maybe over a period of years. Hence, just an access to the national social safety nets programs or social programs may not be as effective as expected. Therefore, it may not be as successful as intended to just have access to national social safety net programs or social programs that contribute or transfer negligible amounts to the vulnerable recipients over short time frames.

Vladimir Bazarov, a Soviet economist working at the State Planning agency in the 1920s, proposed two original mathematical models of the recovery phase of a business cycle, built by analogy with chemical reactions. This article analyses the results obtained by Bazarov and outlines the use of analogies in Bazarov’s model-building process, revealing how they helped him to propose a theoretical base for socialist planning. The article also studies the reception of Bazarov’s models in the USSR, placing his methodology in the historical context. The article contributes to the literature on the history and methodology of economics analysing the economic modelling of business cycles and, more specifically, the use of analogies as a tool of scientific discovery.

This article is dedicated to the lesser-known aspects of Soviet policy regarding the compulsory seizure of industrial equipment in territories liberated by the Red Army from the fascist bloc states in 1944—1945. Based on an analysis of decrees by the State Defense Committee, the principles of interaction between representatives of industrial People’s Commissariats and military authorities in liberated territories are revealed, with the aim of dismantling and transporting the most promising industrial assets back to the USSR for the needs of restoring the country’s metallurgical complex. The paper provides examples of property disputes among leading economic entities — the industrial People's Commissariats of the USSR — over the right to dismantle industrial facilities for their own benefit. It also sheds light on the activities of Special Assembly Managements under the People’s Commissariat for Construction of the USSR and their authority in the process of seizing industrial assets in territories freed from German control in Eastern Europe. Using the case studies of non-ferrous and ferrous metallurgy enterprises located in territories of fascist bloc countries (Germany, Hungary) liberated by the Red Army, typical approaches to organizing the compulsory dismantling of their equipment are analyzed. The research conducted vividly demonstrates the significance of reparations seizures of industrial equipment in Eastern Europe for the modernization and recovery of the USSR’s metallurgical complex during 1944—1945.

The article briefly presents an overview of the recent situation in socio-economic sphere. The study analyzes causes and factors of citizens’ informal employment level growth, considers content of self-employment, existing realities, and emerging trends in labor market, and performs a comparative analysis of features of the choice between self-employment and individual entrepreneurship. The essence of parallel imports has been revealed, mechanism of its realization in the existing conditions of legal and economic restrictions considered, positive and negative consequences of its impact on the socio-economic development of Russia investigated. Main conclusions and provisions have been formulated, containing probable direction of the regulatory authorities’ activity, which should allow to realize to the fullest extent the potential of population employment growth embedded in self-employment of citizens through their involvement in the parallel import mechanism.

ABSTRACTEarthquakes will significantly impact the economic development of earthquake-affected areas and the regional post-earthquake economic recovery trajectory. We presented an explorative analysis of disaster resilience and introduced a quantitative framework to model recovery patterns of earthquake disasters. Four resilience metrics, namely instant disturbance, recovery rate, recovery time, and accumulated loss, were calculated to measure resilience as a dynamic process. Furthermore, we applied random forests to explore the potential factors influencing recovery patterns. The selected factors fell into three categories: 1) disaster factors, 2) environmental factors, and 3) socioeconomic factors. The framework’s utility was demonstrated in a retrospective study of the 2008 Wenchuan earthquake, which uncovered the differences in the long-term recovery trajectory of earthquake-affected areas and their influencing factors. The county-level analyses indicated a substantial spatial and temporal variation in the recovery patterns. Earthquake disaster resilience was related to socioeconomic factors and had an association with environmental and disaster factors. Our study not only helped to enrich the understanding of earthquake disaster resilience but also provided a basis for disaster mitigation strategies.

Supply-chain disruptions caused by the COVID-19 pandemic are of unparalleled magnitude because of a confluence of circumstances: a sudden rise in demand for some products, unforeseen shifts in demand points, supply shortages, a logistical crisis, and an unprecedentedly quick recovery in major economies. This article maps the changes that will occur in supply-chain planning and management in a post-COVID-19 world. It also reflects on the articles included in this special issue and draws key conclusions about how configurations of global supply chains might change. Automation and digitalization are likely to play a key role in these transitions. [ABSTRACT FROM AUTHOR]

Background: COVID-19 has delivered an enormous shock to the global economy, triggering the deepest recession in eight decades, almost three times as deep as the 2009 global recession. Of all the nations in Africa, Nigeria remains one of the nations with a huge and significant impact on the human capital. Methods: Hence, here we employed the recent nationally representative data from Nigeria - the COVID-19 National Longitudinal Phone Survey 2020-World Bank Living Standards Measurement Study Integrated Agriculture Survey (LSMS-ISA), a harmonized dataset to explore how the COVID-19 induced shocks affected households' human capital development (using health and education outcomes). Results: The results indicate that the COVID-19 induced shocks impact on both health and education in Nigeria. Interestingly, access to social safety nets had a positive association with the health and education outcomes. The study concludes that households' access to social safety nets, particularly during the COVID-19 pandemic aids in the development of the nation's human capital. Therefore, effectively enhancing household's resilience and strengthening human capital development require positive and considerable innovation, maybe over a period of years. Hence, just an access to the national social safety nets programs or social programs may not be as effective as expected. Therefore, it may not be as successful as intended to just have access to national social safety net programs or social programs that contribute or transfer negligible amounts to the vulnerable recipients over short time frames. [ABSTRACT FROM AUTHOR]

This Research Note explores how the major Southeast Asian countries were hit with negative growth rates due to the pandemic in 2020. National income was markedly reduced to a lower level and, even with present growth rates back at pre-pandemic levels, there will be permanent effects. The level trajectory for GDP will necessarily be lower compared to a non-COVID scenario with positive economic growth. Exponential smoothing is applied to GDP data for 2000–2019 with the purpose of estimating incomes for a non-COVID case and the deviation from the actual GDP in order to measure the loss of incomes. For the pandemic years, the negative impacts are most severe for countries with relatively large service sectors (Malaysia, Thailand) and less so for countries with a diversified economy or a large agricultural sector (Vietnam, Laos). [ABSTRACT FROM AUTHOR]

Natural disasters affect economic activities and welfare of small‐scale producers in developing countries, but may also offer opportunities to reinvest in productive asset, economic capital, and new technologies for future economic prospects. This paper investigates the impacts of a livelihood recovery project that provided access to finance and rehabilitated communal infrastructures in the coastal communities of Tamil Nadu, India which were severely affected by the 2004 tsunami. We replicate the project's eligibility criteria to build the counterfactual to identify control households based on the validation of secondary data and administrative records. Using data from a carefully designed primary survey, we estimate the impacts of providing access to finance and rehabilitating communal infrastructures on economic and livelihood outcomes. Results indicate positive and significant impacts on income, asset and food security. These impacts are mainly driven by improved access to finance provided and participation in groups. Findings highlight the importance of ensuring access to finance for sustainable economic recovery among small‐scale producers, particularly in the aftermath of natural disasters. [ABSTRACT FROM AUTHOR]

Motions in videos are typically a mixture of local dynamic object motions and global camera motion, which are inconsistent in some cases, and even interfere with each other, causing difficulties in various downstream applications, such as video stabilization that requires the global motion, and action recognition that consumes local motions. Therefore, it is crucial to estimate them separately. Existing methods separate two motions from the mixed motion fields, such as optical flow. However, the quality of mixed motion determines the higher bounds of the performance. In this work, we propose a framework, GLOCAL, to directly estimate global and local motions simultaneously from adjacent frames in a self-supervised manner. Our GLOCAL consists of a Global Motion Estimation (GME) module and a Local Motion Estimation (LME) module. The GME module involves a mixed motion estimation backbone, an implicit bottleneck structure for feature dimension reduction, and an explicit bottleneck for global motion recovery based on the global motion bases with foreground mask under the training guidance of proposed global reconstruction loss. An attention U-Net is adopted for LME which produces local motions while excluding motion of irrelevant regions under the guidance of proposed local reconstruction loss. Our method can achieve better performance than the existing methods on the homography estimation dataset DHE and the action recognition dataset NCAA and UCF-101. • A unified framework to estimate global and local motion simultaneously. • An implicit–explicit bottleneck for global motion without irrelevant information. • Two loss functions to learn global and local motion in a self-supervised manner. • Achieves SOTA in regular homography estimation scenes and action recognition task. [Display omitted] [ABSTRACT FROM AUTHOR]

This study examines the financial recovery of Southeast Texas post-economic disruptions, particularly focusing on the real estate-construction sector's resilience, a key economic driver in the region. It analyzes macroeconomic indicators, emphasizing the sector's role in the region's recovery. The research highlights risk management as crucial for financial resilience in real estate-construction. Three key innovative aspects include: (1) Southeast Texas historically relies on real estate-construction for economic growth, with financial stability linked to major industries. (2) Utilizing the Participatory Analysis of Risk Management (PARM) methodology, focusing on the region's real estate-construction sector. (3) Enhancing PARM results through financial valuation of residential and industrial/commercial properties in Southeast Texas, enabling longitudinal analysis and a deeper understanding of the region's financial stability and resilience. This study underscores the importance of studying the real estate-construction sector for the region's economic well-being post-disruptions. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Engineering (17264073) is the property of Republic of Iraq Ministry of Higher Education & Scientific Research (MOHESR) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of European Policy Analysis is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

During the past two decades, two global events highlighted the importance of household savings to economies and individuals, and their relation to economic activity and growth. First, the Global Financial Crisis of 2008 reminded the world that household savings are essential for economic recovery and sustainable economic development. Second, the recent COVID-19 pandemic showed how vulnerable household savings are to various external shocks. This paper investigates the relationship between household savings rates and real GDP in the four countries of the Visegrád Group, namely the Czech Republic, Hungary, Poland, and Slovakia, for the period 1996–2021. Our empirical analyses indicate short-run Granger causality from real GDP to household savings rates, and from household savings rates to real GDP, in both the Czech Republic and Hungary. Additionally, we also report significant long-run relationships between household savings rates and real GDP, particularly in Hungary. [ABSTRACT FROM AUTHOR]

The recent outbreak of novel coronavirus has highlighted the need for a benefit‐cost framework to guide unconventional public health interventions aimed at reducing close contact between infected and susceptible individuals. In this paper, we propose an optimal control problem for an infectious disease model, wherein the social planner can control the transmission rate by implementing or lifting lockdown measures. The objective is to minimize total costs, which comprise infection costs, as well as fixed and variable costs associated with lockdown measures. We establish conditions concerning model primitives that guarantee the existence of a straightforward optimal policy. The policy specifies two switching points (a,b)$$ \left(a,b\right) $$, whereby the social planner institutes a lockdown when the percentage of infected individuals exceeds b$$ b $$, and reopens the economy when the percentage of infected individuals drops below a$$ a $$. We subsequently extend the model to cases where the social planner may implement multiple lockdown levels. Finally, numerical studies are conducted to gain additional insights into the value of these controls. [ABSTRACT FROM AUTHOR]

This research compares the global debt trends in the aftermath of the COVID-19 pandemic, focusing on economies that frame the North and South divide. The research centers on debt ratios, which serve as indicators of countries' ability to finance recovery and development projects. The study period runs from 2015 to 2022 and follows the IMF's country classification, which divides the world into advanced economies (AE) and emerging market and developing economies (EMDE). The research employs panel data regressions to assess three key debt ratios—external debt to Gross Domestic Product (GDP), external debt to exports, and public debt to GDP—against various pandemic-related indicators and control variables. The analysis provides three major contributions. Firstly, an examination of external and public debt burdens is conducted, showing that escalated external and public debt burdens in EMDE contrast with increasing public debt in AE, primarily due to fiscal stimulus. Secondly, it is argued that the ongoing pandemic has intensified the widening economic gap between the North (AE) and the south (EMDE). Thirdly, a review is presented of both orthodox and heterodox policies identified in existing literature that are considered capable of mitigating external vulnerabilities in EMDE. Findings highlight the critical need for multifaceted measures to address debt vulnerability and promote sustainable economic recovery in a post-pandemic world. [ABSTRACT FROM AUTHOR]

Mozambique does not have a tradition of farming Coffea arabica or Coffea canephora, the two species that dominate the worldwide coffee market. However, native coffee plants have been growing spontaneously and in some cases cultivated in the Ibo and Quirimba islands in the north of the country and Inhambane province in the south. Historically there has been confusion over the precise taxonomic classification of these indigenous coffee plants, with different botanists identifying the species as C. racemosa, C. zanguebariae or various synonyms of both. The present research aims to clarify the subject and provide new information on these little-described coffee species which may prove valuable as new breeding material for future cultivars, something that is sorely needed to face the present and future challenges of coffee production. Leaf samples were collected from 40 accessions from Ibo Island, Quirimba Island and Inhambane province. The samples were sequenced by whole-genome technology and WGS reads were filtered to identify relevant SNP variants. Diversity among the samples was assessed by PCA, and a phylogenetic tree including several Coffea species was built using additional data available in public databases. Experimental data confirm the presence of C. zanguebariae as the only coffee species present in both Ibo and Quirimba Islands, while it appears that C. racemosa is exclusive to the southern Inhambane province. The present research provides the most detailed analysis so far on the genetic identity of the traditional Mozambican coffee crops. This is the prerequisite for undertaking further scientific studies on these almost unknown coffee species and for starting agronomic development programs for the economic revival of Ibo and Quirimba islands based on coffee cultivation. Furthermore, these species could provide much-needed genetic material for the breeding of new hybrids with the two main commercial coffee species. [ABSTRACT FROM AUTHOR]

This paper analyzes how a policy that lowers firm digital-adoption costs shapes the labor-market and economic recovery from COVID-19 in Latin America (LA) using a framework with firm entry and unemployment, where salaried firms can adopt digital technologies and the employment and firm structure embodies key features of LA economies. Using Mexico as a case study, the model replicates the response of the labor market and output at the onset of the COVID recession and in its aftermath, including the dynamics of labor-force participation and informal employment. A policy-induced permanent reduction in the cost of adopting digital technologies at the trough of the recession bolsters the recovery of GDP, total employment, and labor income, and leads to a larger expansion in the share of formal employment compared to a no-policy scenario. In the long run, the economy exhibits a reduction in total employment but higher levels of GDP and labor income, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate. Finally, as a side effect, the policy exacerbates the differential between formal and informal labor income, both as the economy recovers from the COVID recession and in the long run. [ABSTRACT FROM AUTHOR]

Background: Federally qualified health centers (FQHCs) are integral to the U.S. healthcare safety net and uniquely situated in disadvantaged neighborhoods. The 2009 American Recovery and Reinvestment Act (ARRA) invested $2 billion in FQHC stimulus during the Great Recession; but it remains unknown whether this investment was associated with extended benefits for disadvantaged neighborhoods. Methods: We used a propensity-score matched longitudinal design (2008–2012) to examine whether the 2009 ARRA FQHC investment was associated with local jobs and establishments recovery in FQHC neighborhoods. Job change data were obtained from the Longitudinal Employer-Household Dynamics (LEHD) survey and calculated as an annual rate per 1,000 population. Establishment change data were obtained from the National Neighborhood Data Archive (NaNDA) and calculated as an annual rate per 10,000 population. Establishment data included 4 establishment types: healthcare services, eating/drinking places, retail establishments, and grocery stores. Fixed effects were used to compare annual rates of jobs and establishments recovery between ARRA-funded FQHC census tracts and a matched control group. Results: Of 50,381 tracts, 2,223 contained ≥ 1 FQHC that received ARRA funding. A higher proportion of FQHC tracts had an extreme poverty designation (11.6% vs. 5.4%), high unemployment rate (45.4% vs. 30.3%), and > 50% minority racial/ethnic composition (48.1% vs. 36.3%). On average, jobs grew at an annual rate of 3.84 jobs per 1,000 population (95% CI: 3.62,4.06). In propensity-score weighted models, jobs in ARRA-funded tracts grew at a higher annual rate of 4.34 per 1,000 (95% CI: 2.56,6.12) relative to those with similar social vulnerability. We observed persistent decline in non-healthcare establishments (-1.35 per 10,000; 95% CI: -1.68,-1.02); but did not observe decline in healthcare establishments. Conclusions: Direct funding to HCs may be an effective strategy to support healthcare establishments and some jobs recovery in disadvantaged neighborhoods during recession, reinforcing the important multidimensional roles HCs play in these communities. However, HCs may benefit from additional investments that target upstream determinants of health to mitigate uneven recovery and neighborhood decline. [ABSTRACT FROM AUTHOR]

River ecosystem function depends on flow regimes that are increasingly modified by changes in climate, land use, water extraction, and flow regulation. Given the wide range of variation in flow regime modifications and autotrophic communities in rivers, it has been challenging to predict which rivers will be more resilient to flow disturbances. To better understand how river productivity is disturbed by and recovers from high-flow disturbance events, we used a continental-scale dataset of daily gross primary production time series from 143 rivers to estimate growth of autotrophic biomass and ecologically relevant flow disturbance thresholds using a modified population model. We compared biomass recovery rates across hydroclimatic gradients and catchment characteristics to evaluate macroscale controls on ecosystem recovery. Estimated biomass accrual (i.e., recovery) was fastest in wider rivers with less regulated flow regimes and more frequent instances of biomass removal during high flows. Although disturbance flow thresholds routinely fell below the estimated bankfull flood (i.e., the 2-y flood), a direct comparison of disturbance flows estimated by our biomass model and a geomorphic model revealed that biomass disturbance thresholds were usually greater than bed disturbance thresholds. We suggest that primary producers in rivers vary widely in their capacity to recover following flow disturbances, and multiple, interacting macroscale factors control productivity recovery rates, although river width had the strongest overall effect. Biomass disturbance flow thresholds varied as a function of geomorphology, highlighting the need for data such as bed slope and grain size to predict how river ecosystems will respond to changing flow regimes. [ABSTRACT FROM AUTHOR]

Accurate assessment of drought recovery probability is crucial for proactive strategies in cost‐effective water resource allocation, resilient agriculture management, and sustainable energy planning. However, there has been a notable gap in assessing drought recovery from a probabilistic and multi‐variate perspective. Here, we develop a Vine Copula‐based framework to quantify global drought recovery probability and explore its elasticity to precipitation changes. Compared to the historical period (1951–1983), 51% of global land has become increasingly difficult to recover from extreme droughts over 1984–2016 within 8–14 days during growing seasons. Furthermore, the response of global drought recovery to precipitation changes depends on the background climate and varies asymmetrically between wet and dry conditions. Under an extremely wet climate, a 1% historical precipitation increase yields a mere 0.5% increase in global median drought recovery probability during June‐July‐August, but can lead to a pronounced 6.6% increase if climate gets extremely drier. Plain Language Summary: Delayed or incomplete recovery from severe droughts can lead to significant agricultural losses, disrupt water supply, restrict hydropower production, and even trigger the transition of rainforests or watersheds surpassing critical tipping points. Although extensive research has been conducted on drought recovery characteristics, most studies use deterministic methods and focus on univariate aspects. Assessing drought recovery probability can guide agricultural producers and water managers to develop effective adaptation policies to mitigate drought impacts. In this study, we quantify the likelihood of drought recovery conditional on different event attributes (e.g., the severity of drought and the prevailing climate state) and explore how drought recovery probability responds to precipitation changes under various climatic conditions. Our findings reveal that nearly half of global land has become increasingly difficult to recover from extreme droughts during 1984–2016 compared with the historical period (1951–1983), particularly in the northern mid‐ and high‐latitudes. Furthermore, drought recovery probability exhibits a highly non‐linear response to precipitation changes, with a notably higher sensitivity to precipitation changes under dry climate conditions compared to humid conditions. Key Points: We develop a Vine Copula‐based framework to quantify global drought recovery probability and its elasticity to precipitation changes51% of the global land area has experienced a robust decline in short‐term (8–14 days) drought recovery probability during growing seasonsSevere droughts may have limited potential for short‐term recovery, even if climate gets 30–60% wetter than climatology [ABSTRACT FROM AUTHOR]

Since the consumer is of great importance within society due to the economic recovery he achieves and the achievement of economic abundance, the Moroccan legislator has paid great attention to him, by stipulating a set of legal forms that provide protection for him and enhance his position within society. However, the matter does not stop there. This limit only, considering that the legal text is of no use if it is not activated on the ground, and here the role of the judiciary completes for us in its keenness to activate these legal texts if harm is caused to the consumer. However, the role of the judiciary does not stop at this limit only, but It goes beyond that so that we can analyze and interpret these legal texts in cases where this is legally binding, in order to achieve the interest of the parties. Rather, the judiciary, within the framework of achieving protection for the consumer, can work to amend the penal clause, and all of this is to enhance the status that the consumer has within society. [ABSTRACT FROM AUTHOR]

Purpose: The study aims to study socio-economic challenges and identify potential ways to restore the economy damaged by the war. Design/Methodology/Approach: This study employed a mixed-methods quantitative and qualitative approach. The quantitative data were obtained from publicly available national and international databases, including the World Bank, International Monetary Fund (IMF), Ukrainian State Statistics Service, and Reports from NGOs and humanitarian agencies.The study combined statistical and content analysis to assess Ukraine's socio-economic challenges due to the military conflict. Research Limitation: The military conflict is ongoing, and socio-economic challenges are continually evolving. Data collected at a certain time may not fully capture the long-term impacts or future developments. Social Implication: The article examines the need to integrate innovative approaches into the recovery process by implementing long-term strategies that create conditions for attracting international investments. Practical Implication: The study's results emphasise the importance of the participation of international cooperation, the effective use of investments and the development of human capital to achieve sustainable economic growth. Originality/Value: Military conflicts leave deep crises in the structure of national economies, causing significant damage to infrastructure and human capital and creating severe socioeconomic challenges. The research problem is to identify the economic recovery mechanism after the end of military operations in Ukraine. [ABSTRACT FROM AUTHOR]

The Recovery and Resilience Facility (RRF) authorises the European Commission to borrow up to €672.5 billion to aid member states' economic recovery from COVID-19. Some scholars see such funding as unprecedented. Others see a tight link with earlier borrowing instruments. By comparing the EU's pandemic facility to eleven such instruments created between 1952 and 2021, this article shows that the RRF is familiar in some respects but novel in others. Viewed through a historical institutionalist lens, the RRF shows signs of layering, but limited evidence of displacement or path dependence. Over the last seven decades, member states have added to earlier instruments, we show through process tracing, but they have rarely been locked into institutional choices. The RRF's strict time limit is consistent with this finding. The RRF will not become permanent, our analysis suggests, but borrowing is now part of the EU's toolkit. [ABSTRACT FROM AUTHOR]

Areas beyond national jurisdiction, or the high seas, are vital to life on Earth. However, the conservation of these areas, for example, through area‐based management tools (ABMTs), is challenging, particularly when accounting for global change. Using decision science, integrated population models, and a Critically Endangered seabird (Kuaka; Pelecanoides whenuahouensis) as a case study, we evaluated potential ABMTs in the high seas under global change and different governance structures, while accounting for uncertainty and imperfect compliance. Our study highlighted that global change in these areas will likely cause population declines of ∼60% by 2050. However, decisive conservation action could cost‐effectively address predicted declines, particularly when implemented as soon as possible and under the Biodiversity Beyond National Jurisdiction Treaty. We illustrate how decision science can transparently navigate a complex seascape of management decisions and we advocate for its wider integration in the management of the largest sections of our planet, the high seas. [ABSTRACT FROM AUTHOR]

Copyright of Politica y Sociedad is the property of Universidad Complutense de Madrid and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The COVID-19 pandemic had severe consequences for communities across the globe and especially in Melbourne, Australia, where residents experienced strict control measures and extended lockdowns. Using a mixed-methods approach, this study explores an initiative to facilitate community recovery by analyzing the socioeconomic impacts of small-scale events held by local government in Melbourne's West shortly after the final lockdown lifted. Survey data were collected from 843 event attendees and 43 business operators, followed by semistructured interviews. Results show that these events generated multiple social benefits by enhancing a sense of community, (re)connecting people, improving mental health, and promoting diversity and inclusion. Economic benefits were generated directly by boosting local and visitor spending and indirectly through increasing business‐community connectedness. The study contributes to the limited empirical research on the value and role of small-scale events for community recovery and has managerial implications for sustainable destination development, recovery, and regeneration strategies. [ABSTRACT FROM AUTHOR]

Preserving the fiscal and financial stability of countries, and supporting economic recovery in order to create conditions for the sustainable growth of a socially inclusive economy is a strategic task of state institutions under martial law. Despite the unpredictability that Ukraine faces in war conditions, it is important to develop a constructive financial instrument for the recovery of the country's economy now. The research is based on the hypothesis that defining the conceptual foundations of financial support for the recovery of the Ukrainian economy, raising the quality level of the financial risk management mechanism, and minimizing their consequences, will help ensure macrofinancial stability. General scientific and special methods are used, namely: dialectical, complex analysis, scientific generalization, selective, scientific abstraction, economic and statistical. Provisions regarding international financial instruments for the economic recovery of Ukraine's economy have been disclosed. A study of the main problems in the financial sphere, which must be solved in the context of the recovery of Ukraine, was carried out. The peculiarities of the implementation of the state programs "Affordable loans 5-7-9%" and "Affordable financial leasing 5-7-9%" are revealed, which play an important role in supporting entrepreneurial activity and ensuring the country's economic security as a necessary prerequisite for ensuring financial stability and recovery countries. It is substantiated that the formation of holistic approaches to the financial support of the restoration of Ukraine, the determination of measures and criteria for the implementation of the state's financial policy will contribute to the solution of the systemic problems facing the state at this stage. Important tasks are: ensuring fiscal and financial stability; neutralization of the influence of negative factors on the financial system; prevention of hidden capital outflow; effective attraction and use of state loans; prevention of legalization of illegally obtained income; ensuring rational distribution and effective use of state financial resources. [ABSTRACT FROM AUTHOR]

This empirical study investigates the implications of the substantial size of central banks’ balance sheets and the potential risks of their gradual normalization. Following the global financial crisis of 2008, central banks worldwide implemented unprecedented monetary stimulus measures, including large-scale asset purchases and unconventional policy tools like quantitative easing (QE). As a result, central bank balance sheets expanded significantly, reaching historically unprecedented levels in size and composition. While these measures played a crucial role in stabilizing financial markets and supporting economic recovery, concerns have arisen regarding the eventual reduction of these balance sheets and the possibility of disruptive market dynamics. This research examines the challenges and risks of normalizing central bank balance sheets. Furthermore, it explores the potential occurrence of “hard landing” scenarios, where sudden reductions in balance sheets could trigger financial market turmoil and economic downturns. By analyzing historical precedents and theoretical frameworks, this paper offers valuable insights into the intricate relationship between central bank balance sheets and the dynamics of financial markets. It provides policymakers and market participants with valuable perspectives on navigating the path toward monetary policy normalization. [ABSTRACT FROM AUTHOR]

How relevant are government-owned banks in the economy, especially during recessions? We study the role of government-owned banks in a dynamic stochastic general equilibrium (DSGE) model with heterogeneous financial intermediaries, heterogeneous households, and minimum capital requirement constraints. We show that the capitalization of government-owned banks during recessions smooths the effects of a negative shock and helps the economy recover more quickly. However, these stabilizing effects could be partially offset by banks' inefficiency in transforming one unit of capital into loans. Therefore, ignoring the heterogeneity between private and government-owned banks may lead to misleading assessments and conclusions regarding the effects of economic policies on the macroeconomic and banking variables. This is particularly important for evaluating the effectiveness of macroprudential policies. [ABSTRACT FROM AUTHOR]

The importance of infrastructure, its state and types, the necessity of its post-war recovery according to European standards is shown. Creation of energy storage at closed Ukrainian and Polish mines, and their inclusion into the network of European continental energy system is offered. The basic principles of international project to create conveyor cross-border land portal between Ukraine and Poland have been developed to facilitate cross-border bulk cargo clearance. Pro-posals are given to organise special branch that would use resources and materials recovered from civilian residential houses and industrial objects destroyed by belligerent activities. Special emphasis is on non-production social infrastructure. There are instances of its new elements creation, the need in which is imminent as a result of military activities, territory occupation, sufficient part of population's temporary internal displacement and migration abroad, the need in education and requalification of labour force, workplaces creation, involving of international organizations with their experience to provide economy and infrastructure recovery. Top priority civilian activities to increase safety level in Ukraine are offered. [ABSTRACT FROM AUTHOR]

Copyright of Business Studies / Poslovne Studje is the property of Business Studies / Poslovne Studje and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Foreign direct investment (FDI) remains a topic of continuous interest for any country, as it can ensure economic recovery during times of crisis by providing a reliable financial source. Italian FDI is of particular interest due to Italy's significant commercial presence in Romania. Italian companies are active in virtually every sector, with a notable focus on manufacturing, agro-industry, energy, and high-tech. The objective of this report is to highlight the context and impact of FDI on Romania from both economic and social perspectives, and to track the evolution of financial results and reporting practices of these companies. The original contributions of this research are significant in the current context, as the topic of FDI is not sufficiently discussed, despite its numerous benefits for the local economy. By succinctly outlining the advantages of foreign investors' presence in Romania, current economic directions, and the reporting methods of Italian-capital companies, this report fills certain informational gaps previously existing on this subject. [ABSTRACT FROM AUTHOR]

The sharp rise in energy prices in 2022 brought the recovery from the pandemic to an abrupt end. Following a robust expansion in 2021, the global economy has entered a period of moderate growth, while the European economy is near-stagnation. After a sluggish period during this winter, the European economy and the economies in Central and Easter Europe are expected to gradually regain momentum during the upcoming year. The decline in inflation is boosting real incomes. As the labour markets are also robust, consumer confidence should improve and this should be reflected in rising consumer spending. However, demand aggregates that are sensitive to interest rates, will continue to be affected by the tighter financial conditions and may slowdown economic growth. [ABSTRACT FROM AUTHOR]

Although Indonesia has recorded good performance in its national economic development, especially in the agriculture sector during the Covid-19 pandemic, the impact of the pandemic on farming and food systems has not been evaluated yet. This study has evaluated the resilience of the two dominant existing farming systems in West Timor, i.e. (i) wetland farming system and (ii) dryland farming system. This research aims to understand the resilience of farming after the Covid-19 pandemic and to develop strategic policies that could be adopted to increase the resilience of the farming system in West Timor. A quantitative analysis using the Structural Equation Modelling (SEM) was employed to evaluate the relationship and impact of the following seven generic aspects: labour movement, sustainability, economy, socioculture, output markets, input markets, farming system resilience, and 27 reflective indicators. The analysis shows that dryland farming systems are more resilient than wetland farming systems. It might be understood from the size of the regression coefficient, as the impact of exogenous construct variables of the environment, socioculture, input, and output on the resilience of dryland farming systems is more significant than on wetlands. Economic performance rather than labour movement factors will create better resilience of farming systems for wetland or dryland after the Covid-19 pandemic. Finally, the economic recovery process and the ongoing input supply mechanism after the Covid-19 pandemic have increased the resilience of the dryland food system more than the resilience of the wetland farming system. [ABSTRACT FROM AUTHOR]

To assess the economic ripple effect, this study integrates agent‐based modeling (ABM) with a multiregional input–output (MRIO) table to develop an assessment model that considers capacity recovery process. The intermediate and final demands in the MRIO table are used to describe the agents' interdependence. Survival analysis is used to construct capacity rate curves. By defining the first‐ and second‐order ripple effects, ABM is used to capture the ripple process in days. To conduct a case study, the service and retail sectors in Enshi in Hubei, China, are selected as disaster‐affected sectors (they were severely affected by the July 17, 2020 flood disaster). The main findings are as follows: (1) With the first‐order ripple effect, the losses caused by service and retail are concentrated within Enshi. Enshi's final demand, construction, and raw materials manufacturing sectors as well as Wuhan's construction sector are seriously affected. (2) With the second‐order ripple effect, the losses caused by the service and retail sectors expand, forming a prominent industrial ripple chain: "service (retail)–raw materials manufacturing–construction." (3) The direct and indirect losses caused by the service sector are more significant than those caused by the retail sector. However, the loss ratio of the service sector is smaller than that of the retail sector because of its sound industrial structure and strong resilience. Hence, the indirect losses caused by different sectors are not entirely determined by their direct losses; instead, they are also related to the degree of perfection of the structures of different sectors. [ABSTRACT FROM AUTHOR]

Copyright of Lengas is the property of Presses Universitaires de la Mediterranee and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper compares the role of monetary and fiscal policy shocks in advanced and emerging economies. Using a model with a hierarchical structure, we capture the variability of GDP response to policy shocks both between and within the groups of advanced and emerging countries. Our results show that the effects of fiscal stimulus are higher in advanced economies compared to emerging markets, while monetary policy is found to have more homogeneous effects on GDP. We quantify the policy contribution on GDP growth in the decade that followed the global financial crisis by means of a structural counterfactual analysis based on conditional forecasts. We find that global GDP growth benefited from substantial policy support during the global financial crisis but policy tightening thereafter, particularly fiscal consolidation, acted as a significant drag on the subsequent global recovery. In addition, we show that the role of policy has differed across countries. Specifically, in advanced economies, highly accommodative monetary policy has been counteracted by strong fiscal consolidation. By contrast, in emerging economies, monetary policy has been less accommodative since the global recession. [ABSTRACT FROM AUTHOR]

Policymakers, scholars and development practitioners agree that economic growth is necessary but insufficient to achieve inclusive growth. Zambia witnessed improved GDP growth in recent decades. However, the country ranks among the poorest and wealth unequal in the world. This paper investigates the long run and short run determinants of inclusive growth in Zambia using the auto-regressive distributed lag (ARDL) and error correction model (ECM) from 1980 to 2022. The findings show that initial income, inflation, foreign direct investment and trade openness improve inclusive growth in the long run. On the contrary, gross fixed capital formation and general government education expenditure have long run negative impact on inclusive growth. However, in the short run gross fixed capital formation and government education expenditure increase inclusive growth while inflation, foreign direct investment and trade openness dampens inclusive growth in the short run. From the findings, the study recommends that policymakers promote the inflow of foreign direct investment through a conducive economic environment, stable inflation rate, and complete openness of the economy to international trade while improving the levels of gross fixed capital formation and education expenditure to achieve higher inclusive growth in the long run. [ABSTRACT FROM AUTHOR]

Copyright of Jurnal Hubungan Internasional is the property of Universitas Airlangga and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)