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In many countries, document and border procedures create trading barriers, thereby impairing economic growth. These can range from insufficient transshipment facilities to unsupportive institutional arrangements. To address this, countries have taken reforms to improve their procedures by introducing electronic documentation systems, strengthening border infrastructure, and enhancing customs procedures. However, the efficiency of the document and border procedures in each country remains unclear, as well as how new reforms can affect these. This study investigated the efficiency of document and border procedures in each country, defined as the trade volume and value per required cost, time, and documents in the trading procedures. The efficiencies were calculated through a data envelopment analysis with cross-sectional data from 2019 and a window analysis with panel data from 2014 to 2019. The study found a positive change in export procedure efficiency after all three types of reforms were instituted in a country, but a positive change in import efficiency only after the introduction of electronic documentation. All countries were classified according to their document and border procedure strengths and weaknesses.

This study investigates the long-run effects of labour market policies on unemployment dynamics in 36 OECD countries from 2004 to 2022. Derived from second-generation panel methods that address cross-sectional dependence and heterogeneity, the results indicate that activation policies without providing employment maintenance incentives are associated with higher unemployment. Institutional and public training expenditures mainly reduce youth unemployment, while minimum income benefits and wages contribute to higher adult and total unemployment, reflecting disincentivising effects and wage rigidities. Rising labour force participation increases measured unemployment by re-engaging marginally attached workers. Robustness checks across sub-periods and welfare-regime clusters reveal heterogeneity, showing that policy effects are context-dependent and time-sensitive rather than uniformly stable. Causality tests confirm two-way interactions between unemployment and labour market policies. These findings underscore the need for nuanced, age-specific strategies that integrate activation measures, targeted training, and carefully calibrated income support to promote inclusive and effective labour markets in advanced economies.

The World Health Organization (WHO) states that examining medical financial systems is the most important process in evaluating universal health coverage (UHC). This study used the service coverage index (SCI) as a proxy of the progress toward UHC in eleven Asian countries. We employed a fixed-effects regression model to analyze panel data from 2015 to 2017, to explain the interrelationship between the SCI and major socioeconomic indicators. We also conducted a performance analysis (ratio of achieved SCI level to gross domestic product (GDP) or health expenditure displacement) to examine the balance between the degree of achievements related to UHC and a country’s economic level. The results showed that GDP and health expenditure were significantly positively correlated with the SCI (p < 0.01). The panel data analysis results showed that GDP per capita was a factor that greatly influenced the SCI as well as poverty (partial regression coefficient: 0.0017, 95% CI: 0.0013–0.0021). The results of the performance analysis showed that the Philippines had the highest scores (GDP: 1.84 SCI score/USD per capita, health expenditure: 1.04 SCI score/USD per capita) and South Korea the lowest. We conclude that socioeconomic factors, such as GDP, health expenditure, unemployment, poverty, and population influence the progress of UHC, regardless of system maturity or geographic characteristics.

Purpose - This study examines the impact of tourism revenues on economic growth in Mediterranean coastal countries from 2000 to 2022 using panel data methodology. By encompassing various economic cycles and significant global events, this research provides a comprehensive analysis of both short-term and long-term effects of tourism receipts on GDP. Methodology - In the study, 10 countries in the Mediterranean (France, Italy, Spain, Türkiye, Greece, Tunisia, Egypt, Morocco, Malta and Algeria) were selected by simple random sampling method. Annual data covering the period 2000-2022 were used in the analyses and the panel ARDL method was used to reveal the purpose of the study. Findings - The panel ARDL method reveals that tourism revenues significantly boost economic growth, emphasizing the tourism sector's critical role in fostering development. These findings offer crucial insights for policymakers, stakeholders, and investors in the Mediterranean region's economic dynamics. Originality - The study contributes to the literature by utilizing recent data and multiple variables to capture the nuanced relationship between tourism and growth.

Municipalities introduced unit-based pricing (UBP) with the aim of achieving a decrease in household waste generation and for the replacement of unsorted waste with recycling. Although many studies have shown that UBP has a short-run effect on recycling, few works have tackled the long-run effect on waste generation and recycling. By using panel data for 665 Japanese cities over 8 years, we examine the long-run effect of UBP on waste generation and recycling. The estimation results in waste generation suggest that there is a rebound effect, though a small one. We confirm that the effect of UBP on recycling sustains for the long run. We also find that the short- and long-run responses to an economic incentive for recycling activities differ with income groups. Recycling among the high-income group has not been promoted by implementation of UBP, but people in that group are willing to participate in recycling without an economic incentive. In contrast, recycling activity within the low-income group is strongly motivated by UBP for many years.

This study aims to measure the degree of operational risk disclosure and examine its impact on operating cash flow of banks listed on the UAE Abu Dhabi Stock Exchange (ADX) and Dubai Financial Market (DFM) during the period 2003-2016. The authors conducted content analysis of the annual reports to measure the degree of operational risk disclosure. In addition, they used dynamic panel data regressions to analyze the impact of operational risk disclosure on the operating cash flow generated by the banks. The results show a low degree of operational risk disclosure for all UAE banks, both Islamic and conventional. In addition, the results show no association between the levels of disclosure of operational risk and cash flow for all banks, conventional and Islamic. Operational risk disclosure of Islamic banks has not been examined by any prior researchers. In addition, this paper examines the potential impact of operational risk disclosure on the operating cash flow generated by the banks.

As a part of the public governance, transparency started to come forward during the New Public Management reforms, mostly for the evaluation of public sector efficiency. This article focuses on online local budget transparency (OLBT) in two neighbouring countries – Croatia and Slovenia. The article is pioneering in a comparative study of the determinants of budget transparency in the Central and Eastern European (CEE) countries, based on a unique database and measure of transparency. The article tests the determinants of OLBT that reflect the accountability of local authorities and a cornerstone for public participation in the budget process. The following methodology was applied: using a data set of 768 Slovenian and Croatian local governments over the 2015–2017 period and testing it against several financial and socio-economic variables, and a random effects panel logistic regression, separately for Croatia, Slovenia, and a pooled sample. The results indicate that greater size of the population, higher administrative capacity and lower unemployment rate in individual local governments significantly contribute to higher levels of OLBT. This study demonstrates the possibility of developing a standardised measure of local budget transparency and using it to investigate the reasons for different levels of transparency in the two – and potentially other – CEE countries. The results of this and similar studies can serve as a basis for establishing cohesive local budget transparency policies for different countries and creating a combination of policy instruments to enhance transparency.

This study examines the impacts of economic growth, energy consumption, tourism, and natural resources on the ecological footprint in the ASEAN countries for spanning from 1995 to 2016. For this purpose, the cross-sectional dependent test, the second-generation unit root test, and the Westerlund cointegration test have been applied. The Driscoll-Kraay panel regression model has been used to check the long-run relationship among the series. Also, the Dumitrescu-Hurlin panel causality test is used to determine the paths of causal interactions. These tests help to overcome the problem of cross-sectional dependence in panel data analysis. The results showed an inverted U-shaped EKC behavior in ASEAN countries, hence a negative relation between tourism and natural resources with the ecological footprint. This implies that tourism and natural resources help to improve the environmental quality in ASEAN countries.

This study re-examines the impact of ESG (economic, environmental, social, and corporate governance performance) on the financial performance of UK firms. Most recent sample of 351 firms from FTSE350 for the time period 2002-2018 is used. The study estimates the impact of total ESG and individual dimensions of ESG on corporate financial performance using static and dynamic panel data techniques, and it also examines the impact of high and low ESG on firm financial performance. Further, the study investigates the role of firm size as a moderator in the relationship between ESG and firm financial performance. The results of total ESG performance indicate that ESG has a positive and significant impact on firm financial performance. However, in the case of the individual ESG performance, the results are mixed. Overall, the results confirm that high ESG firms show high financial performance as compared to low ESG firms. Results indicate that firm size moderates the relationship between ESG performance and firm financial performance.

Nowadays, patients are seeking physician information more frequently via the internet. Physician-rating websites (PRWs) have been recognized as the most convenient way to gain insight and detailed information about specific physicians before receiving consultation. However, little is known about how the information provided on PRWs may affect patients' decisions to seek medical advice. This study aimed to examine whether the physicians' online efforts and their reputation have a relationship with patients' choice of physician on PRWs. A model, based on social exchange theory, was developed to analyze the factors associated with the number of online patients. A 3-wave data collection exercise, covering 4037 physicians on China's Good Doctor website, was conducted during the months of February, April, and June 2017. Increases in consultation in a 60-day period were used as the dependent variable, whereas 2 series of data were analyzed using linear regression modeling. The fixed-effect model was used to analyze the 3-wave data. The adjusted R value in the linear regression models were 0.28 and 0.27, whereas in the fixed-effect model, it was .30. Both the linear regression and fixed-effect models yielded a good fit. A positive effect of physicians' effort on the aggregated number of online patients was identified in all models (R =0.30 and R =0.37 in 2 regression models; R =0.23 in fixed effect model; P<.001). The proxies of physicians' reputations indicated different results, with total number of page views of physicians' homepages (R =0.43 and R =0.46; R =0.16; P<.001) and number of votes received (R =0.33 and R =0.27; R =0.43; P<.001) being seen as positive. Virtual gifts were not significant in all models, whereas thank-you messages were only significant in the fixed-effect model (R =0.11; P=.02). The effort made by physicians online is positively associated with their aggregated number of patients consulted, whereas the effect of a physician's reputation remains uncertain. The control effect of a physician's title and hospital's level was not significant in all linear regressions. Both the effort and reputation of physicians online contribute to the increased number of online patients' consultation; however, the influence of a physician's reputation varies. This may imply that physicians' online effort and reputation are critical in attracting patients and that strategic manipulation of physician profiles is worthy of study. Practical insights are also discussed.