nam foo - Academia.edu (original) (raw)
Papers by nam foo
Sustainability, 2021
The impact of the COVID-19 pandemic on the tourism industry is still being sustained, and the res... more The impact of the COVID-19 pandemic on the tourism industry is still being sustained, and the response of the tourism industry is an indispensable element that is increasingly recognized. This response has led to the emergence of literature about the impact of COVID-19 on the stakeholders of the tourism industry, thereby contributing to the industry. Nonetheless, the criteria factors and investigated practices for the implementation of decision-making by stakeholders in the tourism industry have not been fully explored. This study adopts Teorija Rezhenija Izobre-tatelskikh Zadach (TRIZ) principles and Decision-Making Trial and Evaluation Laboratory (DEMATEL) methods to construct a gap model of tourism stakeholders (GMTS) which solves the tourism industry decision-making problem under COVID-19. With a research background in Taiwan’s tourism industry stakeholders made up of 15 expert participants, GMTS identified 11 criteria factors, of which the three most important criteria factors ...
Dataset to investigate the mining boom and bust cycle in Australia.
The North American Journal of Economics and Finance, 2019
The importance of energy as a primary driver of economic growth and industrial development is his... more The importance of energy as a primary driver of economic growth and industrial development is historically clearly evident. Energy trends show how the world’s energy consumption patterns have evolved over the years. It shows there is uncertainty in the energy industry, with the highly volatile current trends as a result of fluctuations in the international crude oil market. The trend of such changing crude oil prices continues to affect the economic growth prospects particularly of the nations in the Asia-Pacific region. The decline in crude oil prices indeed can affect a country’s economy, especially having macroeconomic, financial and policy implications. However, plummeting crude oil prices present another window of opportunity for oil exporting countries in the region to move toward more effectiveness and fairness in energy pricing. The objective of this paper is to discuss policy issues relating to the effects of fuel subsidisation in the Asia-Pacific region as a result of a sh...
Fuel subsidies are widespread and debated extensively. The issues with these subsidies are fully ... more Fuel subsidies are widespread and debated extensively. The issues with these subsidies are fully acknowledged by many energy economists; however, the total subsidy level remains high. This is because energy subsidies are often closely related to the political economy viewpoint. Moreover, the rationale underlying fossil fuel subsidies, particularly concerning political, economic, and social contexts, is to reduce energy poverty, ensure access to energy, and redistribute the wealth that stems from the exploitation of national resources. Although there is considerable controversy surrounding the efficiency of these policies, energy subsidies confer private benefits on particular interest groups and, once implemented, tend to persist. This paper discusses and models various aspects of the political economy of fuel subsidy reform in selected Asia-Pacific Economic Cooperation (APEC) economies. Applying a panel data set from the period 1991–2018, the paper provides an empirical analysis of...
DESCRIPTION Mining involves discovering, extracting and processing of non-renewable resources as ... more DESCRIPTION Mining involves discovering, extracting and processing of non-renewable resources as an input for energy production. The potential of mining revenues to contribute to national economic development is well known, but the allocation of mineral wealth and the concern of increasing resource scarcity have become issues of debate in the mining industry. The purpose of this study is to introduce the binomial decision tree analysis, which is a new approach to investigating the relationship of mining investment decisions in a situation where the investment is irreversible and resulting from a tax policy change. The study documented in this paper reveals findings about options for the investor that suggest it is sometime better to wait for a more suitable time to invest and, having such knowledge, provides the potential to change the investment climate in mining.
DESCRIPTION The potential of mining revenues to contribute to national economic development is we... more DESCRIPTION The potential of mining revenues to contribute to national economic development is well known, but the allocation of mineral wealth and the concern of increasing resource scarcity have become issues of debate in the mining industry. The rapid use of mineral resources raised much concern about resource scarcity as early as the nineteenth century in the Malthusian era. Studies, those investigated natural resource scarcity and growth in the 1960s and 1970s were conducted by prominent researchers including Harold Barnett, Chandler Morse, and Kerry Smith. These studies found no evidence to support increasing scarcity of natural resources since innovation offset growth in demand for natural resources. Mining companies seeking profit maximization from their investment have significant impact on these issues as a result of resource depletion, while changes in the investment climate could change total revenues and investment decisions. Most investment decisions share three import...
The importance of energy as a major driver of economic growth and industrial development is histo... more The importance of energy as a major driver of economic growth and industrial development is historically clearly evident. In particular, energy trends show how the world’s energy consumption patterns have evolved the years. The purpose of this non-technical study is to address the declining crude oil price that currently impacts economic performance in the Asia-Pacific region. This paper also discusses some policy implications of how governments in this region can manage an extremely volatile energy market and the record low crude oil prices to enhance economic stability and prosperity.
Sustainability, 2021
The impact of the COVID-19 pandemic on the tourism industry is still being sustained, and the res... more The impact of the COVID-19 pandemic on the tourism industry is still being sustained, and the response of the tourism industry is an indispensable element that is increasingly recognized. This response has led to the emergence of literature about the impact of COVID-19 on the stakeholders of the tourism industry, thereby contributing to the industry. Nonetheless, the criteria factors and investigated practices for the implementation of decision-making by stakeholders in the tourism industry have not been fully explored. This study adopts Teorija Rezhenija Izobre-tatelskikh Zadach (TRIZ) principles and Decision-Making Trial and Evaluation Laboratory (DEMATEL) methods to construct a gap model of tourism stakeholders (GMTS) which solves the tourism industry decision-making problem under COVID-19. With a research background in Taiwan’s tourism industry stakeholders made up of 15 expert participants, GMTS identified 11 criteria factors, of which the three most important criteria factors ...
Dataset to investigate the mining boom and bust cycle in Australia.
The North American Journal of Economics and Finance, 2019
The importance of energy as a primary driver of economic growth and industrial development is his... more The importance of energy as a primary driver of economic growth and industrial development is historically clearly evident. Energy trends show how the world’s energy consumption patterns have evolved over the years. It shows there is uncertainty in the energy industry, with the highly volatile current trends as a result of fluctuations in the international crude oil market. The trend of such changing crude oil prices continues to affect the economic growth prospects particularly of the nations in the Asia-Pacific region. The decline in crude oil prices indeed can affect a country’s economy, especially having macroeconomic, financial and policy implications. However, plummeting crude oil prices present another window of opportunity for oil exporting countries in the region to move toward more effectiveness and fairness in energy pricing. The objective of this paper is to discuss policy issues relating to the effects of fuel subsidisation in the Asia-Pacific region as a result of a sh...
Fuel subsidies are widespread and debated extensively. The issues with these subsidies are fully ... more Fuel subsidies are widespread and debated extensively. The issues with these subsidies are fully acknowledged by many energy economists; however, the total subsidy level remains high. This is because energy subsidies are often closely related to the political economy viewpoint. Moreover, the rationale underlying fossil fuel subsidies, particularly concerning political, economic, and social contexts, is to reduce energy poverty, ensure access to energy, and redistribute the wealth that stems from the exploitation of national resources. Although there is considerable controversy surrounding the efficiency of these policies, energy subsidies confer private benefits on particular interest groups and, once implemented, tend to persist. This paper discusses and models various aspects of the political economy of fuel subsidy reform in selected Asia-Pacific Economic Cooperation (APEC) economies. Applying a panel data set from the period 1991–2018, the paper provides an empirical analysis of...
DESCRIPTION Mining involves discovering, extracting and processing of non-renewable resources as ... more DESCRIPTION Mining involves discovering, extracting and processing of non-renewable resources as an input for energy production. The potential of mining revenues to contribute to national economic development is well known, but the allocation of mineral wealth and the concern of increasing resource scarcity have become issues of debate in the mining industry. The purpose of this study is to introduce the binomial decision tree analysis, which is a new approach to investigating the relationship of mining investment decisions in a situation where the investment is irreversible and resulting from a tax policy change. The study documented in this paper reveals findings about options for the investor that suggest it is sometime better to wait for a more suitable time to invest and, having such knowledge, provides the potential to change the investment climate in mining.
DESCRIPTION The potential of mining revenues to contribute to national economic development is we... more DESCRIPTION The potential of mining revenues to contribute to national economic development is well known, but the allocation of mineral wealth and the concern of increasing resource scarcity have become issues of debate in the mining industry. The rapid use of mineral resources raised much concern about resource scarcity as early as the nineteenth century in the Malthusian era. Studies, those investigated natural resource scarcity and growth in the 1960s and 1970s were conducted by prominent researchers including Harold Barnett, Chandler Morse, and Kerry Smith. These studies found no evidence to support increasing scarcity of natural resources since innovation offset growth in demand for natural resources. Mining companies seeking profit maximization from their investment have significant impact on these issues as a result of resource depletion, while changes in the investment climate could change total revenues and investment decisions. Most investment decisions share three import...
The importance of energy as a major driver of economic growth and industrial development is histo... more The importance of energy as a major driver of economic growth and industrial development is historically clearly evident. In particular, energy trends show how the world’s energy consumption patterns have evolved the years. The purpose of this non-technical study is to address the declining crude oil price that currently impacts economic performance in the Asia-Pacific region. This paper also discusses some policy implications of how governments in this region can manage an extremely volatile energy market and the record low crude oil prices to enhance economic stability and prosperity.