Big Market Research Articles

Tingkat Literasi Keuangan Syariah Pedagang Pasar di Kota Padangsidimpuan

Padangsidimpuan city as one of the cities in North Sumatra Province, is an integral part of advancing Islamic banking in Indonesia in general, and in North Sumatra in particular. The development of Islamic banking in Padangsidimpuan cannot be separated from the role of merchant as customers of Islamic banks in Padangsidimpuan, both as saving and financing customers. The biggest market in Padangsidimpuan is Sangkumpal Bonang and its surroundings, which is the center of economic activity of the city. This study aims to find out how the literacy level of Sangkumpal Bonang’s merchant to sharia financial products. This study discusses the difference in sharia financial literacy of Sangkumpal Bonang’s merchant based on age, the last education and the average incomes per month, using descriptive analysis methods and Chi-Square. This study proves that the higher the level of respondents formal education, the higher their sharia financial literacy rate. Likewise, the respondent's income level, the higher the average income per month, the higher their sharia financial literacy rate. While based on age, there is no difference in the level of respondents’ sharia financial literacy.

TRUST AND HABIT AS KEY SUCCESS ON DIGITAL CONSUMING BEHAVIOR IN INDONESIA MEDIATED BY BEHAVIOR INTENTION

<p><em>Personal perception as a fundamental factor on consumer buying behaviour especially on online shopping, triggered by internet access all over the world. In Indonesia personality aspect becomes a key factor regarding new technology adoption. Big internet user not yet automatically increased the use of e-commerce. Indonesia has big potential market for e-commerce. Unfortunately, the e-commerce user in Indonesia is still 12% from total internet user in Indonesia. It is very important to find factors i.e. Trust (T) and Habit (H), which affects the use behaviour of e-commerce. This study aims to find out the perfect model that fits the use behaviour of e-commerce in Indonesia. In this study,we conduct literature review and primary data survey. Statistical result is analysed using war Partial Least Square (PLS) with 547 respondents from 4 e-commerce providers user. We found that T (Trust) and H (Habit) have positive influence on Behaviour Intention (BI), BI positive influence on Use Behaviour (UB) e-commerce. Based on the results, we build a fit model and validate the data regarding e-commerce user behaviour. The fit model is expected to guide provider to find the key success factor in e-commerce business in Indonesia and are expected to become an innovation and important factors as an academic contribution. Based on these results we recommend operator to build good perception regarding Habit (H) and Trust (T).</em><em> </em></p><strong><em>Keywords</em></strong><em>: Habit; Trust<strong>, </strong>Behavior Intention, Use Behavior</em>

Strategi Pemulihan Pasar Badung Sebagai Daya Tarik Wisata Di Kota Denpasar

This research is done in one of the largest traditional market in Denpasar, namely is Badung Market. Badung Market located on Gajah Mada street, its about 1 Km to the West of the Catur Muka Statue, in Denpasar Downtown. This research aims to determine how the recovery strategy tourism of Badung Market as a tourist attractions. This research was analyzed by the concept of a tourist attraction, and also using the concept of markets and traditional markets. After that, this research using the qualitative research of methodologies. This data was obtained from interviews of market management and direct observations in Badung Market.
 The damage that occurred in Badung Market that will do by recovery strategy. This aims to rebuild market buildings that was broke. This process requires several stage, namely are: physical intervention, rehabilitation of economic and social/institusional revitalotations.
 Post-fire made the biggest market in Denpasar this being lost daily activities. While this relokalisasiBadung market is still running. The damages that occur in the Badung Market will now do the recovery strategy, aims to rebuild the market buildings that have been damaged.
 
 Keyword: market, the recovery strategy, tourist attractions.

Machine learning based privacy-preserving fair data trading in big data market

In the era of big data, the produced and collected data explode due to the emerging technologies and applications that pervade everywhere in our daily lives, including internet of things applications such as smart home, smart city, smart grid, e-commerce applications and social network. Big data market can carry out efficient data trading, which provides a way to share data and further enhances the utility of data. However, to realize effective data trading in big data market, several challenges need to be resolved. The first one is to verify the data availability for a data consumer. The second is privacy of a data provider who is unwilling to reveal his real identity to the data consumer. The third is the payment fairness between a data provider and a data consumer with atomic exchange. In this paper, we address these challenges by proposing a new blockchain-based fair data trading protocol in big data market. The proposed protocol integrates ring signature, double-authentication-preventing signature and similarity learning to guarantee the availability of trading data, privacy of data providers and fairness between data providers and data consumers. We show the proposed protocol achieves the desirable security properties that a secure data trading protocol should have. The implementation results with Solidity smart contract demonstrate the validity of the proposed blockchain-based fair data trading protocol.

Znaczenie Turcji dla gospodarki i bezpieczeństwa Unii Europejskiej

In the second decade of 21st century the European Union will have to face the economic crisis and a problem of its domestic and international security enhancement. In both cases, the Turkish access to the organization can be a cure for European problems. Fast-growing economy, with young, well-educated society as well as big market may be an impulse to the economic growth of the EU. Economic surroundings and geostrategic location of Turkey, with its strongand modern army, can positively affect the security of the organization.

An evaluation of the trade relationships between South Africa and China: An empirical review 1995–2014

South Africa’s (SA) largest trading partner is China. The bilateral trade flows between these two economies have been increasing since the end of the global financial crisis. There are several factors that determine the trade flows between these two economies. Research studies the impact of the real exchange rate, market size and economic size on the trade flows between SA and China, applying the gravity model of trade. Time series data for the period of 1995–2014 have been used and a multiple linear regression model was employed in the evaluation process. To determine the impact of the three underlying variables on the bilateral trade flows of SA and China, the ordinary least squares method was used. The explanatory variables consist of the product of SA’s gross domestic product (GDP) and China’s GDP, which act as the proxy for economic size, the product of South Africa’s population and China’s population, which act as the proxy for market size, and the real exchange rate between SA and China. Results revealed that the economic size and the market size have a strong positive impact on trade flows between SA and China and this is consistent with economic theory. On the other hand the real exchange rate has a negative impact on trade flows between SA and China. If two countries each have a large economic and population size trade, this results in high trade flows between the countries as compared to trading with smaller economies. Trade volume is also reduced if the countries trading have a highly volatile exchange rate. Based on the findings of the research, the article recommends that the Department of Trade and Industry should target trade with countries of big economic and market size. The research also shows that the absolute and comparative advantages are not the only basis of trade but other factors should be considered, such as exchange rate, economic size and market size. The central bank should maintain a stable exchange rate between the SA rand and partner countries’ currencies before trading. This enhances trade and leads to strong economic growth.

Bertrand-Edgeworth Duopoly: Multi-Market

Nowadays most firms compete for multiple separate markets as opposed to a single market. Extant IO works mainly focus on these firms' cooperative behavior, assuming away their capacity constraints and studying the effect of potential multi-market retaliation upon these firms' collusive incentive. With the assumption that the firms have a single capacity constraint, which applies to the multiple separate markets they compete for, this paper sheds light on the effects of the capacity constraint and demand linkages across different markets in the context of a non-cooperative duopoly model. Different from the classical single market capacity-constrained price competition theory, which has three regions divided by three different types of price equilibria as we adjust the firms' capacity constraints, two asymmetric markets capacity-constrained price competition has five regions divided by five different types of price equilibria as we adjust the firms' capacity constraints. An interesting result is that the firms do not always set higher price in the big or rich market than the small or poor market. When the capacities are endogenously determined, we find that the classical single market result (Kreps and Scheinkman 1983) that the Cournot-Nash quantity is a subgame perfect Nash equilibrium cannot hold for the two asymmetric markets competition model. In sum, the results of the asymmetric markets capacity-constrained price competition may yield different implications on merger, price leadership, and collusive behavior.

Optimal sizing of a solar thermal system in building based on simulation results of Polysun

Due to a series of environmental pollution and energy crisis, much attention is focused on developing clean renewable energy. Many institutes in different nations have interesting in studying the usage of solar heaters into buildings. In China, solar energy heat usage technology in buildings has a big potential market and has been rapidly developed. So, in this paper, a solar thermal system in building used for space heating and domestic hot water production has been studied. A simulation calculation method is put forward by Polysun for finding the optimal size of three main components for the solar thermal system, including the tilt angle of collectors, volume of the buffer and area of the collectors. Moreover, the relative impact of those three parameters on the optimizing indexes (SF, Etot and f) is investigated where all indexes are most affected by the area of the collectors while the tilt angle of collectors and the volume of buffer both present a relatively small influence.

Wpływ typu zabudowy na intensywność turbulencyjnej wymiany masy i energii w Łodzi – wstępne wyniki badań porównawczych z lat 2013-2016

<p>W pracy opisano wyniki pomiarów turbulencyjnych strumieni ciepła jawnego i utajonego oraz gazów cieplarnianych (dwutlenek węgla i metan) przeprowadzonych w okresie sierpień-październik 2016 w dzielnicy poprzemysłowej w Łodzi, na tle wyników podobnych pomiarów prowadzonych w tych samych miesiącach w latach 2013-2015 w centrum miasta. Wyniki pomiarów potwierdziły, iż typ zabudowy oraz zależność odsetek powierzchni sztucznych/odsetek terenów pokrytych roślinnością to bardzo ważne determinanty intensywności wymiany turbulencyjnej energii i masy pomiędzy powierzchnią miasta a atmosferą. Podobne zależności uzyskano podczas kilku kampanii pomiarowych prowadzonych w innych miasta świata (Offerle i in. 2006a, 2006b; Nordbo i in. 2012; Christen 2014; Kotthaus, Grimmond 2014a, 2014b; Helfter i in., 2016). W centrum Łodzi zaobserwowano relatywnie wysokie strumienie ciepła oraz gazów cieplarnianych, które miały mniej (Q<sub>H</sub>, Q<sub>E</sub>) lub bardziej (FCO<sub>2</sub>, FCH<sub>4</sub>) wyraźnie obniżone wartości w dzielnicy o mniejszym odsetku powierzchni sztucznych, bez kanionów ulicznych oraz budynków mieszkalnych. Wydzielony przypadek elektrociepłowni, której działalności towarzyszą emisje gazów cieplarnianych rejestrowane na stanowisku LP (EC3) w dzielnicy poprzemysłowej, pokazuje że w badaniach tego typu nie należy pomijać istnienia tzw. źródeł lokalnych. Zgodnie z założeniami metody kowariancji wirów stanowiska pomiarowe strumieni turbulencyjnych instaluje się miejscach o jak najbardziej homogenicznej zabudowie. Rezultatem są uśrednione wartości strumieni reprezentatywne dla typowych dzielnic w miastach (np. centrum, dzielnica domów jednorodzinnych, handlowa, itd.). Wyniki ze stanowiska LP EC3 pokazują jednak, że pomijanie takich miejsc może prowadzić do zaniżenia oceny intensywności wymiany gazów cieplarnianych w skali całego miasta.</p><p>Zmienność strumieni turbulencyjnych energii i masy zarejestrowane w Łodzi dobrze wpisują się w dostępną wiedzę dotyczącą problemu turbulencyjnej wymiany na terenach zurbanizowanych. Podobnie jak w innych centrach miast obserwuje się tu relatywnie wysokie wartości strumieni ciepła jawnego oraz podwójne maksima w ciągu doby w przyadku strumieni gazów cieplarnianych (Offerle i in. 2006a, 2006b; Nordbo i in. 2012; Christen 2014; Kotthaus, Grimmond 2014a, 2014b). Na podstawie danych z kilkunastu miast świata (również z Łodzi), potwierdzono, że w dzielnicach o podwyższonym odsetku powierzchni pokrytych roślinnością maleją strumienie ciepła jawnego oraz dwutlenku węgla, a strumienie ciepłą utajonego rosną. Ze względu na niewielką liczbę kampanii pomiarowych strumieni metanu w miastach, w przypadku tego gazu taka zależność wciąż czeka na potwierdzenie (Nicolini i in. 2013, Christen 2014; Helfter i in. 2016). Z dotychczas opublikowanych prac wynika, iż taka zależność istnieje, np. w centrum Łodzi strumienie metanu są wyraźnie niższe niż w gęściej zabudowanym centrum Londynu. Prawdopodobnie jednak lepszą zmienną charakteryzującą przestrzenną zmienność strumienia metanu w mieście może być gęstość zaludnienia, której, w różnych dzielnicach, towarzyszy inna gęstość infrastruktury będącej potencjalnym źródłem metanu (gazociągi, sieci kanalizacyjne, ulice z ruchem samochodowym o różnym natężeniu, itd.)</p>

Traders’ Preference in Choosing Expedition Partner in Tanah Abang Market


 Choosing expedition partner has been becoming a crucial issue for those who are running retail business in this digital era. Having the right partner in expedition to work with can be another competitive advantage for the company itself. In this era, almost every transaction would be done online, therefore the meeting between sellers and buyers is no longer necessary in some cases; but still the trust between them must be maintained. Choosing the right expedition is one of the ways to maintain that trust. The right expedition partner here will be defined as those expedition company who can guarantee to deliver product faster (on schedule), cheaper for the service price and also easy to be contacted. Tanah Abang itself is the biggest market in Jakarta. This place has been chosen as the object for the research because the sellers here are actively selling product both offline and online. Descriptive approach has been used for the research methodology. Data are generated from questionnaire and interview. All data that have been gathered will show the number of seller or trader who is actively purchase expedition services in a week. Besides that, it is cleared seen which and why such expedition company leading the market.
 

Proposed Corporate Performance Management Using Integrated Performance Management System (IPMS) at PT Pos Indonesia (Persero)

The big market shifting in postal industry begun since a physical letter was being substituted by digitalization of technology, yet it brings new business opportunity in the e-commerce industry. The e-commerce industry in Indonesia is expected to grow by approximately 18% annually in the next five years. It triggers an increasing demand for parcel delivery services. However, the performance of PT Pos Indonesia (Persero) as a State Owned Enterprise engages in postal industry shows the declining trend. The volume of parcel delivery declined during the last three years. The company has not been able to manage its performance due to the incompatibility of performance management system. The purpose of this research is assisting the company to design new performance management system to improve its performance. The Integrated Performance Management System (IPMS) framework is selected because it is able to overcome the issues in the company. There are five stages of IPMS framework includes foundation, background and information, design process, implementation, and refreshment. It consist of three perspectives includes organizational output, internal process, and resources availability. This research proposed the performance management system for Pos Indonesia and produces 20 key performance indicators (KPI) that derived from company’s vision, mission, and strategy.

Advance diaspora diplomacy in a networked world

ABSTRACTThe role of diaspora in cultural exchange, international affairs and in economic development is now well established. What is new is the increasing proliferation of national strategies to harness them actively for public diplomacy. This article addresses the rise of Australia’s only formal, global diaspora network: Advance – Australia’s Global Community which has acted self-consciously to become an instrument of public diplomacy. Emerging from a small base in New York, Advance sought to ‘open doors’ for Australians in the world’s biggest market. Cultivating a strong membership base of well-connected individuals in the arts, commerce and professions, Advance developed its network centrality by building partnerships with state governments, Australian universities and federal government agencies. As an elite organisation of high-profile Australians overseas, Advance has developed into a global organisation communicating Australian culture and economic achievements to both Australian national audiences and foreign constituencies.Abbreviation: AAA - Australian American Association ACOLA - Australian Council of Learned Academies AWNY - Australian Women in New York BHP - Broken Hill Propriety CEDA- Committee for the Economic Development of Australia CEO - Chief Executive Officer DC - District of ColumbiaDFAT - Department of Foreign Affairs and Trade ICJP - International Journal of Cultural Policy ICT - information and communications technology KEA - Kiwi Expatriate Organisation MFA - Ministry of Foreign Affairs MIT - Massachusetts Institute of Technology NGO - non governmental organisationNISA - National Innovation and Science AgendaNZ - New Zealand SBS - Special Broadcasting Service TIE - The Indus Entrepreneur UN - United Nations US - United States USA - United States of America YAPA - Young Australian Professionals Association

Evolving Obligatory Passage Points to Sustain Service Systems: The Case of Traditional Market Revitalization in Hsinchu City, Taiwan

“City” could be viewed as an integration of various service systems with relocated social, economic, and environmental capitals under urbanization. It was evidential in Hsinchu City, Taiwan, where once the biggest market, Dongmen Market (DMM), declined because the replacement of urban consumption patterns along with the setup of high tech science park bringing new residences. This research took the perspectives of Service-Dominant Logic (S-DL) and Actor Network Theory (ANT) to study the development of new service systems and how they were sustained through the revitalization by a two-year ethnographic study. We explain how stakeholders propose and receive value within and among service systems. A unique actor called obligatory passage point (OPP) was formed in the translation phases of actor networks, delivering the co-created value by stakeholders with different interests. Four identified OPPs indicated that their “evolution process” drove the revitalization of DMM toward a sustainable service system. A framework of open innovation practice was formulated as iterative cycles with four phases: (1) actor interacting; (2) value co-creating; (3) relationship modeling; and (4) OPP transforming, which operationalized the OPP evolution from its destruction to construction. The application of the OPP evolution process to revitalizing urban service systems contributes to practitioners in social innovation to sustain urban service systems in addition to the theoretical formation of OPP evolution.

How Does Stronger Protection of Intellectual Property Rights Affect National Pharmaceutical Expenditure? An Analysis of OECD Countries

Intellectual property rights (IPR) protection for pharmaceuticals has been comprehensive and strict since the establishment of the World Trade Organization in 1995 and the subsequent implementation of the TRIPS Agreement. This study investigated the relationship between the level of IPR and national pharmaceutical expenditure using panel data of 22 OECD countries from 1970 to 2009. The patent index was used to measure the level of national protection for IPR along with other covariates: GDP per capita, the percentage of population aged over 65, number of doctors, proportion of public financing among total pharmaceutical expenditure, under-5 mortality, price index, and period indicators. The regression analysis results showed that the level of IPR protection was significantly correlated with pharmaceutical spending even after controlling for various factors that affect pharmaceutical expenditure. The results were consistent in OLS regression and GLS regression. However, the effect of IPR was stronger and more significant in countries with a relatively small-sized pharmaceutical market than in those with big market. Many developed countries incur a financial burden due to rapidly growing pharmaceutical expenditure; therefore, the results of this study present the possibility that stronger IPR would produce welfare loss in developed countries.

FAKTOR – FAKTOR YANG MEMPENGARUHI PERMINTAAN DAGING BROILER DI KOTA MALANG

The research was conducted on a number of consumers who bought broiler chicken and not sold again. The number of respondents in each market amounted to 100 respondents incidental sampling. Research location was chosen with consideration because the big market is in the middle of the city, while for dinoyo market because of its location on subdistrict and reside in the residential area. The data collected are primary and secondary data. The type of this research is quantitative descriptive, that is research which describes or describe characteristic from a state or object of research done through data collecting, data analysis and interpretation result of its analysis. The research method used survey method. Data processing from the results of research conducted using Cobb-Douglas function using SPSS version 16.0. Based on the results of research conducted on broiler consumers in Malang City can be concluded that the factors that affect the level of demand for broiler meat in the city of Malang is the price of the goods themselves (broiler meat prices), price of chicken meat, beef prices, cooking oil prices, incomes per capita, education and consumer tastes.

Finding Size Factor and Value Factor in Indonesia Stock Exchange

This study conducted by gathering data from Indonesia Stock Exchange (IDX) with 2 specifics model, Capital Market Pricing Model (CAPM) and Fama French 3 Factors Model (FF3FM). These model was estimated by classify 557 stocks in Jakarta Composite Index (JCI) to 6 classes: S/L class is class with small size and low Book to Equity (BE) to Market Equity (ME), S/M class is class with small size and medium in BE/ME, S/H class is class with small size and high in BE/ME, otherwise B/L class is class with big size and low in BE/ME, B/M class is class with big size and medium in BE/ME, B/H class is class with big size and high in BE/ME. With F test, t test and classic assumption test, best class and best model were B/L class and FF3FM. The result was confirmed size factor and value factor in Indonesia Stock Exchange (IDX). Size factor are confirmed in 3 classes (S/M, S/H and B/L), and value factor are confirmed in 4 classes (S/M, S/H, B/L and B/H). Therefore, classes with size and value factor are S/M, S/H and B/L. With BE/ME is 1/PBV and PBV indicating the stock price relative to its book value, so in Indonesia Stock Exchange the size factor and value factor confirmed in market with small market capitalization with low to medium in stock price relative to its book value and market with big market capitalization with high stock price relative to its book value.

Restructuring of Indian Telecom Industry: Emergence of Reliance Jio and M and A Cases involving Airtel-Telenor and Vodafone-Idea

Mobile industry in India is has become one of the fastest developing industries world over. Indian mobile subscribers have become used to touch mobiles within a relatively short span of time. India is the second biggest market in the world for mobile services and it is a good avenue for network providers from India and abroad. Global providers too have occupied and earned reasonable market shares in the Indian mobile industry. Jio’s practically free offers have created fundamental changes in consumer behavior along with competitor strategies. The moves made by this new entrant has affected the equilibrium in the mobile industry and made rival players vulnerable, so much so that many of them have resorted to mergers and acquisitions to avoid bleeding away to bankruptcy. All major players in the industry, e.g. Airtel, Idea, Vodafone etc. are strategically responding to Jio’s market penetration move. To come to a position of strenght in the industry, Idea and Airtel are entering into ventures with Vodafone and Telenor respectively. Through this paper the author wishes to make an attempt to examine the impact of Jio on competitive strategies of rivals in the Indian telecom industry.

The Second Green Revolution Will Bring Agri-Tech Breakthroughs to Growers

The Second Green Revolution Will Bring Agri-Tech Breakthroughs to Growers

Big data on a big new market: Insights from Washington State’s legal cannabis market

IntroductionVoters in eight U.S. states have passed initiatives to legalize large-scale commercial production of cannabis for non-medical use. All plan or require some form of “seed-to-sale” tracking systems, which provide a view of cannabis market activity at a heretofore unimagined level of detail. Legal markets also create a range of new matters for policy makers to address. DataPublicly available data were obtained on approximately 45 million individually priced items purchased in the 35 million retail transactions that took place during the first two and a half years of Washington State’s legal cannabis market. Records include product type (flower, extract, lotion, liquid edible, etc.), product name, price, and potency with respect to multiple cannabinoids, notably THC and CBD. Items sold can be traced back up the supply chain through the store to the processor and producer, to the level of identifying the specific production batch and mother plant, the firm that tested the product, and test results. MethodData visualization methods are employed to describe spatial-temporal patterns of multiple correlated attributes (e.g., price and potency) broken down by product. Text-analytic methods are used to subdivide the broad category of “extracts for inhalation” into more homogeneous sub-categories. To understand the competitiveness of the legal cannabis market in Washington we calculate the Herfindahl-Hirschman index (HHI) for processors and retailers. ResultsCannabis prices fell steadily and proportionally at the processor and retailer levels. Retail and wholesale price maintained a roughly 3:1 ratio for multiple product types after some initial fluctuations. Although a wide range of edibles are sold, they account for a modest share of consumer spending; extracts for inhalation are a larger and heterogeneous market segment. The HHI indicates the cannabis market is highly competitive at the processor level, but less so for retail markets at the county level. ConclusionsWashington’s state-legal cannabis market is diverse and rapidly evolving in terms of pricing, products, and organization. Post-legalization, researchers and policy makers may need to think in terms of a family of cannabis products, akin to how we think of new psychoactive substances and amphetamine-type stimulants, not a single drug “cannabis.”

Peningkatan Impulse Buying Mahasiswa di Semarang terhadap Produk Fashion Lokal melalui Ethnocentrisme, Brand Image dan Country of Origin (COO)

Improvement of Impulse Buying Students in Semarang on Local Fashion Products Through Ethnocentrism, Brand Image, and Country of Origin (COO) Impulse buying is a very interesting phenomenon for retailers and marketers because it is the biggest market share and occupy a very important position and can increase sales. The aim of the research is to analyze whether the Country of Origin ( COC), brand image and ethnocentrism significantly affect students impulse buying of local fashion in Semarang city. Data analysis used in this research is linier regression analysis. The result shows that COO the only variables that do not significantly affect students impulse buying. Need a strategy of brand image reinforcement and promotion emphasized on the love of domestic products. Promotion of products at the local level of Semarang city needs to be improved by taking into account the values of excellence and local wisdom. DOI: 10.15408/ess.v8i1.6979