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Productivity framework, extensive growth theory. Source: Modified from Ahmed. 53
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This paper examines big data analytics implications on the central banking financial system’s technological progress. A digital technological progress framework and model is established to analyze the economy’s aggregate supply via covering the monetary policy, big data analytics, pollutants emissions as independent variables and the economy’s aggr...
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... been established centred on Ahmed's, 18,40,41,52,53,58,59 modified extensive growth theory. The aforesaid research improved and melded the production function based on Solow's residual (Solow 55 and 57) that was refined by Jorgenson et al., 60 to fill the gaps in both approaches that cast doubts on the results generated by both. The framework (Fig. 1) is an extensive growth theory presentation of the Model developed for this study that consists of the output (GDP) that measures the economy's aggregate supply as a function of money supply and interest rate that represent the monetary policy, BDA that represents the digital technology positive externalities, pollutants' emissions that ...
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... this paper proposes a digital productivity framework, (Fig. 1) to be employed at the macroeconomic level. The framework measures the BDA implications on central banking technological progress via the primary data survey and the qualitative data based on focus groups and interviews with concerned experts. The qualitative approach will capture information and data that have not been published in the ...
Citations
... The seminal work of Solow 41 introduced exogenous technological progress and became a foundation for the total factor productivity concept. Thus, Unlike the previous works by Ahmed & Elfaki 28 and Ahmed 42 , this study integrated energy efficiency and renewable energy to calculate GTFP or green technological progress. The capital, labor, energy, materials, and services (KLEMS) approach's goal is to develop output, input, and productivity datasets at the industrial level. ...
... lnRE ti is the contribution of aggregate renewable energy. This study used a varied quantitative analysis, building on the previous work of Ahmed 42 to examine the effects of renewable energy and energy efficiency on long-term green growth progress and environmental quality, as well as to compute GTFP and carbon factor productivity. Growth accounting and the parametric econometric technique are combined in the methods used to develop the enhanced extensive growth theory. ...
This study examines the potential impacts of energy efficiency and renewable energy on economic growth proxies by gross domestic product and environmental quality proxies by carbon dioxide emissions across eight selected Asian countries from 2000 to 2020. This study contributes by calculating green total factor productivity and carbon total factor productivity based on the famous Solow’s residual via employing a modified extensive growth accounting model that internalized ignored factors such as energy efficiency and renewable energy. The employed panel cointegration techniques confirm that all variables are co-integrated with carbon dioxide emissions and economic growth. The pooled mean group/autoregressive distributed lag model analysis results indicate that energy efficiency is positively associated with both environmental quality and economic growth. Renewable energy hurts economic growth but has a positive effect on environmental quality which suggests the necessity of implementing an effective strategy for renewable energy alongside energy efficiency measures to enhance economic growth and environmental quality in the selected Asian countries. The findings from the fully modified ordinary least squares estimator are consistent with the environmental quality model. The average growth rate of green total factor productivity is positive despite negative contributions from energy efficiency and renewable energy. Similarly, the average growth rate of carbon total factor productivity is negative despite positive contributions from labor and capital. This discrepancy may be attributed to the beneficial effects of labor and capital as input productivity-driven. Embracing renewable energy sources can take significant steps toward improving environmental quality for future generations. Focusing on green technologies that enhance energy efficiency can substantially promote environmental quality and stimulate sustainable economic growth through innovation and climate change integration to achieve Sustainable Development Goals.
... The revision of the 17 SDGs should be undertaken and linked to the new digital technology or there is a danger that the SDGs will not be achieved by 2030. Ahmed (2021Ahmed ( , 2023 discusses the issues that need to be considered in any review of the 17 SDGs. He looks into the development and policy implications of cross-border flows of big digital data as a principal to all fast-evolving digital technologies. ...
PURPOSE: This objective of this study is to assess and review the United Nations' Sustainable Development Goals (SDGs) in light of digital technology developed by the digital revolution, innovation and climate change integration, COVID-19, world global wars, conflicts and natural disasters and their implications for the implementation of the 2030 Agenda. METHODOLOGY/APPROACH: A descriptive review analysis approach is employed to assess the externalities associated with the purpose of the study. FINDINGS: Ensuring that all countries have the capacity to track progress towards the SDGs is critical for the overall success of the 2030 Agenda. Data gaps influence the understanding of progress of 2030 Agenda because of biased conclusions. The SDGs reporting framework should be changed and updated to accommodate these externalities. If this does not happen, a large proportion of the population miss vital information about what are considered good policies. ORIGINALITY/VALUE: This study contributes to the body of knowledge by suggesting revisions of SDGs based on the theme of this paper.
CITATION: Ahmed, E.M (2024): Sustainable Development Goals revision in light of digital revolution innovation and climate change integration, global conflicts, pandemics and disasters.
... (2024). Digital economy-related technological change among others has an impact on inflation, wages, labor markets, and production (Ahmed, 2023). The process of globalization stimulates innovation and hastens technology transfer, the development of the 1970s within structural transformation was featured by growth in labor productivity because of technological advancement (Skare & Soriano, 2021). ...
This chapter aims at contributing to the benefits of linking globalization and digitalization to develop the digital economy and digital inclusion, fills knowledge gaps, and completes the digital transformation of the globalization-enhanced economy. The policy implications will be created based on this chapter significant findings to be employed by the economy's policymakers, industry players, academics, international organizations, and other concerned institutions around the world as globalization and digitalization platforms to instrument the sustainable development goals (SDGs) to realize sustainable digital economies and businesses around the globe. To guarantee improved consistency, one ought to employ this review globalization and digitalization findings to examine the SDGs sustainability issues in general and digital technologies (big data analytics applications) as positive externalities and tackle the negative externalities brought by the environmental damages in the undesirable output generated in the form of pollutants emissions to achieve innovation and environmental integration.
... This shift has redefined core financial and banking functions for individuals, focusing on customer-centricity across distribution channels, product offerings, and services. Technologies such as automation, chatbots, algorithmic consultation, blockchain, crowdfunding platforms, machine learning, customer relationship management, artificial intelligence, and big data play pivotal roles in enhancing these services (Ahmed, 2023). Financial technology has thus transformed the financial system, reshaping access to banking services including payment transactions, transfers, borrowing, savings, and investments. ...
The rapid growth of Islamic banking and the evolution of financial technology have posed significant challenges to Sharīʿah-compliant banks. Addressing these challenges is crucial given the increasing global interest in Islamic banking as an alternative to conventional banking. This chapter explores the role of financial technology and digital globalization in Islamic banking, examining primary challenges and strategies for overcoming them. The chapter highlights the necessity of improving the digital experience and strengthening infrastructure and human resources. It also identifies risks associated with digital financial inclusion, such as third-party involvement, the use of agency networks, rising costs, and data privacy and security concerns. The chapter recommends that policymakers and decision-makers enhance efforts to develop legislative frameworks, systems, policies, and regulatory structures to support the use of financial technology and digital financial inclusion in Islamic banking.
... The adoption of digital technology and globalization have become significant aspects of today's world in facilitating work completion rapidly and reducing costs. Digital economy-related technological change among others has an impact on inflation, wages, labor markets, and production (Ahmed, 2023). The process of globalization stimulates innovation and hastens technology transfer, the development of the 1970s within structural transformation was featured by growth in labor productivity as a result of technological advancement (Skare and Soriano, 2021). ...
... In this regard, Ahmed and Elfaki (2023) estimated a model like this without including digital technology adoption and globalization. Therefore, to fill these gaps, this study internalized digital technology adoption and globalization into the previous structured framework and model based on the notion discussed by Ahmed (2023) to capture globalization and technology adoption effects on long-run growth as green technological progress. To the best of our knowledge, this topic has not been covered in any research to this moment. ...
... Therefore, this study fills the gap in these studies by integrating digital technology adoption and globalization jointly in the Cobb-Douglas function. Following the recent work by Ahmed (2023), this study will apply a diversified quantitative analysis to inspect the implications of the adoption of digital technology and globalization on long-run green growth progress. The approaches employed to advance the improved extensive growth theory combine both the parametric econometric approach and growth accounting. ...
This study aims to examine digital technology adoption and globalization innovation implications on green sustainable economic growth on Asian Pacific selected countries (Malaysia, Indonesia, Singapore, Philippines, Thailand, Japan, India, Korea, China, New Zealand, Australia) via integrating digital technology adoption (digitalization and digitization), globalization, and environmental quality. This study employed the Hausman test to determine the appropriate estimation approach between random effect and fixed effect methods due to the digital adoption index (DAI) data limitation. The Hausman test confirms the random effect method for this analysis and the findings reveal that digital technology adoption promotes economic growth in Asian Pacific countries. Globalization was found an insignificant positive influence on Pacific countries’ economic growth. The average growth rate of green total factor productivity (GTFP) as a technological progress of innovation and environmental integration is positive, this might potentially be described by the high contribution of digital technology adoption and from the beneficial effects of labor, capital, CO2, and globalization positives contribution. The significant contribution of this study is filling the gaps via promoting green sustainable economic growth through inclusion of digital technology adoption and globalization in the growth accounting model that ignored. Technology adoption and globalization internalization plays a remarkable role to enhance innovations and knowledge and technology transfer, enabling companies to access wide-ranging markets, encouraging foreign direct investment, collaboration and smart partnerships along with conveying knowledge within and among the nations in technological creativity, globalization-based technology transfer, and intellectual property development to implement Sustainable Development Goals (SDGs).
To explore whether and how local government implicit debts pressure (LGIDP) affects the firm performance, this paper bases on the 2012–2018 listed enterprise data and local government financing vehicles (LGFVs) data to empirically test the impact of LGIDP on the total factor productivity (TFP) of non‐local government financing vehicles (N‐LGFVs). The results show that LGIDP significantly reduced the TFP of N‐LGFVs by transferring fiscal resources, enhancing tax collection, and transferring credit resources. But this distorting effect of LGIDP on the TFP of N‐LGFVs only exists in non‐state‐owned enterprises, small‐scale enterprises, and young enterprises. Our paper has an important policy recommendation that regulating LGFVs and alleviating LGIDP are of great significance for China to achieve sustained economic growth.
