Economic Environment Research Articles

On the tourists’ cognitive image network and its evolution: a case of Guizhou province of China

ABSTRACT Tourist’s cognitive image network unveils the relationship among the touring cognitive experiences. The cognitive image network evolution reflects the tourists’ destination image change, which further implicates the subtle changes in behavior. The tourists’ online reviews and experience sharing could effectively help management build the cognitive image network of tourism destinations. Based on crawled travelogues in Guizhou, China from Ctrip.com, with LDA topic mining techniques, this study first constructs the image of a tourism destination, then constructs the tourist’s cognitive image network that explores the evolution of the network before and after the COVID-19 pandemic. Research results show that the cognitive image network in Guizhou mainly consists of 10 dimensions: Accommodation, diet, natural landscapes, social environment, and culture dimensions, followed by entertainment, natural environment, history, infrastructure, and economic environment. The cognitive image network evolution shows that tourists have different preferences before and after the COVID-19 pandemic. The study provides a new perspective for the study of destination image theory, which can help destination tourism enterprises to identify the tourist’s behavior choices and develop unique marketing strategies.

The Impact of Digital Inclusive Finance on High-Quality Economic Development: A Research Study

As China's economy transitions from high-speed growth to high-quality development, digital inclusive finance emerges as a dynamic and pivotal sector within the country's financial system. This domain plays a crucial role in addressing the shortcomings of traditional financial services, enhancing the efficiency of financial services, promoting consumption, and driving economic growth. As the turmoil caused by the COVID-19 epidemic gradually stabilizes, the impact of the epidemic on the economic development of various countries is gradually reduced, and the development of the global economy gradually returns to normal, China's economic development is facing new opportunities and challenge. Given the current challenges in China's economic environment, China has made new adjustments and begun to promote high-quality economic development on the premise of significantly improving quality and efficiency. Therefore, in the current stage of China’s economic development, it is imperative to investigate whether digital inclusive finance can indeed foster high-quality economic development. This paper begins by reviewing literature relevant to digital inclusive finance and high-quality economic development. Subsequently, utilizing panel data from 2011 to 2020 across 30 provinces, a bidirectional fixed-effects model is employed to validate the positive impact of digital inclusive finance on high-quality economic development. The study further explores whether digital inclusive finance exhibits positive effects on high-quality economic development in different regions. Finally, based on the research findings, the paper concludes with several policy recommendations for optimizing the role of digital finance in promoting regional economic growth.

Corporate Social Responsibility’s Hidden Power in context of Pakistan: Amplifying Firm Performance

This research explores the impact of Corporate Social Responsibility on the performance of firms listed on the Pakistan Stock Exchange in the cement and sugar industries. This link is examined using panel data derived from financial reports from 2013 to 2022. The study includes generally used performance indicators, such as Return on Assets, Return on Equity, and Earnings per Share, by previous literature. The corporate social responsibility data is generated from information released by firms about philanthropic activities, contributions, and R&D projects. The study also takes into account other financial and control variables such as firm size, firm age, and leverage. The random sampling approach is used to create a sample of 28 non-financial listed organizations. Several statistical tests are used in the study, including panel data technology, correlation, random effect, and fixed effect models. According to the findings of this study, corporate social responsibility has a favorable impact on company performance. These findings are consistent with previous research done in developing nations and are relevant for Pakistani businesses, which operate in different economic environments than their Western counterparts. This study provides significant insights for organizations and regulatory agencies. Furthermore, the paper makes suggestions for future research, such as the assessment of context variables such as ownership structure, the consideration of other periods, and the investigation of other industrial sectors.

Maison Margiela Brand Identity Change and the Embodiment of Brand Culture

In recent years, due to the bad global economic environment caused by the epidemic, many companies are on the verge of bankruptcy, but companies engaged in luxury goods have hardly received too much impact, which is a problem worth studying. Most luxury brands design products that are compelling enough for customers to keep spending. Because every luxury brand has its own long history, special brand style and brand long-term concept. This is crucial for the long-term development of luxury brands. But because of the long history of the luxury market, it is difficult to make some new changes to increase the number of consumers beyond loyal customers. Some brands choose traditional methods, do not carry out large-scale marketing, do not add new customers, choose to continue to sell goods to those loyal customers, and some brands choose to cooperate with other brands to increase awareness and expand the consumer base.

Investigation on the strategy of business administration level of enterprises in the new economic environment.

In the face of the new economic environment, enterprises must continuously enhance their capabilities to achieve long-term development. In the current market scenario, business management relies on economic principles and legal accounting. Considering the current market situation, the article analyzed enterprises system reform and production planning, proposing corresponding countermeasures. Therefore, in order to achieve rapid development, it was necessary to strengthen the management of enterprises. In this paper, the current problems faced by enterprises, solutions and the significance of enterprises needed to improve their management level were explained, and the situation of enterprises was analyzed through the enterprise strategic management model. Comparing with the traditional management model in terms of the complexity of enterprise management processes, efficiency, management level score, and quarterly profit,findings reveal that the management model in the new economic environment has reduced the complexity of the enterprise process by 0.17 points. The management efficiency has increased by 0.15 points, the management score has increased by 14 points, and the quarterly profit of the company has increased by 30,000 yuan. Furthermore, it is elucidated that, in the new economy, enhancing the management level is essential for enabling enterprises to attain long-term development.

Research on Corporate Financial Risk Management and Countermeasures

In today's new economic environment, competition among businesses is intensifying, leading to various challenges across industries. Financial risks, in particular, are receiving significant attention due to their potential impact. These risks can stem from market fluctuations, policy changes, or poor management, among other factors. Therefore, it's crucial for businesses to comprehensively consider and effectively manage these risks to ensure long-term stability and growth. Furthermore, controlling financial risks entails multiple measures. Businesses need to establish robust financial management systems, including clear financial goals, standardized financial processes, and well-defined internal control mechanisms. Additionally, they should enhance monitoring and analysis of market and industry dynamics to promptly identify and address potential risks. Moreover, by establishing reasonable financial budgets and funding plans and appropriately allocating financial resources, businesses can mitigate operational risks.

Students’ Entrepreneurial Intention and Its Influencing Factors: A Systematic Literature Review

Many researchers have studied the factors that impact on students’ entrepreneurial intention; however, findings are conflicting. The present study attempts, through an extensive review of the literature, to provide a holistic view and deeper knowledge of the most significant factors that influence university students’ decisions to be self-employed or to start a business. A systematic review as well as a bibliometric analysis of the literature was implemented, using a three-step literature mapping protocol to search, select, evaluate, and validate the literature by examining and analyzing numerous papers from the scientific community. The process ended up with 677 papers, from which the forty-three most cited were used as our research sample. Findings revealed that there are four primary categories of factors: the contextual factors, such as the economic, social, and political environment, the motivational factors, such as individuals’ personal needs, personality traits, and characteristics, and the factors related with the personal background of individuals such as family, education, and peers. We also examined the countries with the maximum number of papers on university students’ entrepreneurial intentions. These findings can be useful for policy makers and educators and will serve as a basis for future research, while they also contribute to the literature by highlighting the factors that most affect the entrepreneurial intention of university students.

Health equity in urban and rural settings: implementation of the place standard tool in Spain

The physical, social, and economic characteristics of neighborhoods and municipalities determine the health of their residents, shaping their behaviors and choices regarding health and well-being. Addressing local environmental inequalities requires an intersectoral, participatory, and equity-focused approach. Community participation plays a vital role by providing deeper insights into local contexts, integrating community knowledge and values into processes, and promoting healthier, fairer, and more equitable actions. In recent years, various tools have been developed to assess places and transform them into health-promoting settings. One such tool, the Place Standard Tool (PST), facilitates discussions on Social Determinants of Health grouped into 14 themes, serving as a starting point for local health interventions. In this study, that took place between August 2019 and February 2020, we described the resident’s perceptions of two municipalities in the Valencian Community, Spain, using the validated Spanish version of the PST. A mixed-method convergent-parallel design was used to gain a holistic insight into residents’ experiences concerning their physical, economic, and social environment. A total of 356 individuals from both municipalities participated in the study through discussion groups, structured interviews, and online survey. Descriptive analysis of the individual questionnaire answers was conducted, and differences between municipalities were explored. Qualitative thematic analysis was conducted on structured interviews and discussion groups. Quantitative and qualitative data were integrated to facilitate their comparison and identify areas of convergence or divergence in the findings. Overall, rural areas received more favorable evaluations compared to urban ones. Public Transport as well as Work and Local Economy were consistently rated the lowest across all groups and contexts, while Identity and Belonging received the highest ratings. In the urban area, additional negative ratings were observed for Traffic and Parking, Housing and Community, and Care and Maintenance. Conversely, Identity and Belonging, Natural Spaces, Streets and Spaces, Social Interaction, and Services emerged as the highest-rated themes overall. In the rural context, positive evaluations were given to Walking or Cycling, Traffic and Parking, Housing and Community, and Influence and Sense of Control. Significant differences (p < 0.01) between urban and rural settings were observed in dimensions related to mobility, spaces, housing, social interaction, and identity and belonging. Our study illustrated the capacity of the PST to identifying aspects within local settings that influence health, revealing both positive and challenging factors. Successful implementation requires appropriate territorial delineation, support from local authorities, and effective management of expectations. Furthermore, the tool facilitated community participation in decision-making about local environments, promoting equity by connecting institutional processes with citizen needs.

A Net Present Value Analysis of Opportunity-Based Age Replacement Models in Discrete Time

Two important opportunistic age replacement models, under replacement first and last disciplines, are generalized in discrete time. The net present value (NPV) is applied to formulate the expected total costs. The priority of multiple replacement options is considered to classify the cost model with discounting into six cases. Since the NPV method accurately calculates the expected replacement costs over an infinite horizon in an unstable economic environment, we discuss some optimal opportunistic age replacement policies which minimize the expected total discounted costs over an infinite time horizon. Furthermore, we formulate a unified model under each discipline, merging six discrete time replacement models with probabilistic priority. Finally, a case study on optimal replacement first and last policies for pole air switches in a Japanese power company is presented.

Approaching the SDG targets with sustained political commitment: drivers of the notable decline in maternal and neonatal mortality in Morocco

BackgroundBetween 2000 and 2017/2018, Morocco reduced its maternal mortality ratio by 68% and its neonatal mortality rate by 52%—a higher improvement than other North African countries. We conducted the Exemplars...

Research on the Influencing Factors of the Value of Listed Companies under the New Economic Environment

This paper explores the influencing factors of the value of listed companies in the new economic environment, aiming to deepen the understanding of the formation mechanism of the value of listed companies in the ever-changing economic environment. Firstly, the article analyzes the characteristics of listed companies under the new economic environment and the impact of the new economy on enterprises, including technological innovation, changes in market competition patterns, and so on. Secondly, the paper elaborates on the theoretical framework of the value of listed companies, including the concept of value, influencing factors, and evaluation methods. Finally, the article delves into the influencing factors of the value of listed companies in the new economic environment, including technological factors, innovation capability, industrial environment, and corporate governance. Through the analysis of these factors, this paper provides important theoretical references and practical guidance for understanding and evaluating the value of listed companies in the new economic era.

The Health Status of the Population of Sellye District, a Disadvantaged Micro-Region, in the Light of Sociodemographic Factors- Literature Review

Tackling health inequalities is a global goal also set by the WHO and is in the common interest of all societies. Keeping in mind the extremely close correlation between socio-economic status and health outcomes is of particular importance in planning health promotion and making health policy decisions. The research aimed at assessing the health status of the population of Sellye district, one of the most disadvantaged micro-regions according to available statistics, to examine the relationship between socio-economic status and health conditions, and to compare health status internationally with populations living in other disadvantaged regions. Research questions: How does the impact of sociodemographic factors on health prevail? Through what mechanisms does race/ethnicity affect health? Our present study is a literature review, the first stage of a comprehensive investigation, in which we examine the Hungarian and international literature. Health status is largely determined by sociodemographic characteristics, it is also influenced by the wider social, economic, political, and cultural environment. Health must always be considered in the context of the environment. Ethnicity is strongly connected to social class, but it can still be important in terms of social cohesion and the resources available to the Roma

Longitudinal Associations Among Socioeconomic Status, Delay Discounting, and Substance Use in Adolescence.

It is unclear how delay discounting and substance use develop across adolescence and whether contextual factors alter their trajectories. The present study used a longitudinal design to examine whether socioeconomic status is related to developmental trajectories of delay discounting and substance use across adolescence. The sample included 167 adolescents (Mage = 14 at Time 1; 53% male) and their parents who participated annually across four years. Parents reported SES at Time 1 and adolescents completed delay discounting behavioral assessments and substance use questionnaires at Times 1 to 4. Bivariate latent growth curve modeling revealed that low SES was related to steeper increases in substance use from age 14 through 17, mediated through elevated delay discounting at age 14. The findings clarify the mediating role of delay discounting in linking family economic environment to the progression of substance use.

Cooperative Vehicle Infrastructure System or Autonomous Driving System? From the Perspective of Evolutionary Game Theory

In this paper, we explore the trade-offs between public and private investment in autonomous driving technologies. Utilizing an evolutionary game model, we delve into the complex interaction mechanisms between governments and auto manufacturers, focusing on how strategic decisions impact overall outcomes. Specifically, we predict that governments may opt for strategies such as constructing and maintaining infrastructure for Roadside Infrastructure-based Vehicles (RIVs) or subsidizing high-level Autonomous Driving Vehicles (ADVs) without additional road infrastructure. Manufacturers’ choices involve deciding whether to invest in RIVs or ADVs, depending on governmental policies and market conditions. Our simulation results, based on scenarios derived from existing economic data and forecasts on technology development costs, suggest that government subsidy policies need to dynamically adjust in response to manufacturers’ shifting strategies and market behavior. This dynamic adjustment is crucial as it addresses the evolving economic environment and technological advancements, ensuring that subsidies effectively incentivize the desired outcomes in autonomous vehicle development. The findings of this paper could serve as valuable decision-making tools for governments and auto manufacturers, guiding investment strategies that align with the dynamic landscape of autonomous driving technology.

Understanding academia-industry collaboration in a developing economic environment: Determinants and implications from Bariloche, Argentina

This study examines the determinants of academia-industry collaboration (AIC) in the context of Bariloche, Argentina, and provides valuable insights into collaboration dynamics in a developing economy. Using a quantitative research approach, data was collected through a survey administered to academic researchers in Bariloche. The survey included questions on researcher characteristics, organizational attributes, and disciplinary norms, which were then tested through eight hypotheses related to factors influencing AIC. Data analysis, including descriptive and inferential statistics, revealed significant relationships between independent variables (e.g., prior career experience, organizational affiliation, disciplinary norms) and researchers’ involvement in AIC. The study’s limitations, such as reliance on self-reported data and non-probabilistic sampling, are acknowledged. Nevertheless, the findings contribute to the understanding of AIC in Bariloche and have implications for promoting effective academia-industry partnerships. Future research should consider longitudinal studies and explore additional factors to inform evidence-based policies in developing economies.

Analysing Different Risk Management Approaches and Their Effectiveness in Enhancing Supply Chain Resilience

Purpose: This paper aims to review various risk management strategies as well as measure its capability as an instrument to strengthen the chain resilience in the backdrop of the present-day economic environment. Methodology: The paper utilizes well-known literature review techniques to gather and analyze the strategies including diversification, collaboration, technology adoption, and contingency planning that not only avoid supply chain risks but also create resiliency in organizations. It is focused on the root causes, effects, and aftermath of supply chain disruptions; the potential solutions to counter these problems are also evaluation by this process. Findings: The study points out that the traditional risk management approaches are not enough, and suggests implementing the techniques such as mapping of the supply chain, supplier diversification and investment in digital technologies like block chain, cloud computing and cyber security. These approaches aid in boosting the supply chain resilience by providing transparency, enabling backup inventory management, and improving collaboration and efficiency within the supply chain operations. Unique Contribution to Theory, Practice and Policy: The study complements the existing body of knowledge by offering a detailed overview of risk management strategies that can be implemented for the purpose of supply chain resilience. It provides with concrete suggestions on issues of diversity, the use of new technologies, and of coordination to strengthen the chains of supply against disruptions. Furthermore, the research calls for policy intervention to enable the utilization of the above-discussed strategies and increase supply chain resilience at a broader level as well.

Analysis on Different Investment Styles of Mutual Fund Investors

ABSTRACT The research paper provides a comprehensive analysis of the diverse landscape of mutual fund investing, focusing on the various investment styles adopted by investors. It categorizes investors into four main styles - conservative, moderate, aggressive, and speculative - based on their risk tolerance, investment horizon, and market perceptions. Through the examination of historical data and case studies, the paper evaluates the performance of these styles in different market conditions and economic environments. Additionally, the research investigates the factors influencing investors' style selection, including demographic variables, past experiences, and psychological biases. It also explores the role of financial advisors and fund managers in guiding investors towards suitable styles and mitigating risks. Overall, this research contributes valuable insights to the field of mutual fund investing, benefiting both individual investors and financial professionals.

Analysis of factors influencing small-scale agricultural product prices from the perspective of the online public—a case study of China

In recent years, the high-frequency abnormal price fluctuations of small-scale agricultural products have been detrimental to market stability. The traditional method based on statistical data of production factors can no longer accurately predict abnormal price fluctuations. Therefore, this study takes scallions as an example and extracts the influencing factors of their prices based on the LDA-NLP-TVP-VAR model from massive network information, and analyzes the causes and changing characteristics of price fluctuations from four perspectives: market supply, economic environment and market sentiment, and attention. Initially, the study employs an LDA topic model to extract factors from online sentiment data over the past four years. Subsequently, using the SO-PMI algorithm to expand domain-specific lexicons and employing semantic and sentiment analysis with syntactic parsing, the study aims to improve the accuracy of sentiment quantification in text analysis. Furthermore, cointegration and Granger causality tests validate the significant impact of these factors on scallion price fluctuations, mitigating spurious regression issues. Finally, by employing a TVP-VAR model, the study compares the impulse responses and shock magnitudes of various factors in different time and spatial dimensions. It also delves into the mechanisms of heterogeneous impacts and trends in scallion prices, considering the corresponding socio-economic context and public sentiment events within specific time windows, thereby providing valuable decision-making insights for the healthy development of agricultural markets.

Commissioning and co-production in health and care services in the United Kingdom and Ireland: An exploratory literature review.

This exploratory literature review seeks to examine the literature around commissioning processes in the co-production of health and care services, focusing on two questions: How do health and care commissioning processes facilitate and/or pose barriers to co-production in service design and delivery? What are the contextual factors that influence these processes? A systematic search of three databases (Medline, Public Health and Social Policy and Practice) and a search platform (Web of Science) was conducted for the period 2008-2023. A total of 2675 records were retrieved. After deduplication, 1925 were screened at title and abstract level. Forty-seven reports from 42 United Kingdom and Ireland studies were included in the review. A thematic synthesis of included studies was conducted in relation to the research questions. The review identified one overarching theme across the synthesised literature: the complexity of the commissioning landscape. Three interconnected subthemes illuminate the contextual factors that influence this landscape: commissioners as leaders of co-production; navigating relationships and the collective voice. Commissioning processes were commonly a barrier to the co-production of health and care services. Though co-production was an aspiration for many commissioners, the political and economic environment and service pressures meant that it was often not fully realised. More flexible funding models, longer-term pilot projects, an increased emphasis in social value across the health and care system and building capacity for strong leadership in commissioning is needed. Patients and the public did not contribute to this review as it was a small piece of work following on from a completed project, with no budget for public involvement.

Linkages between economic growth, health expenditures, education, and environment: dynamic analysis of Nigeria

The study comprehensively analyzed the nexus between economic growth, health expenditures, education, and the environment in Nigeria, using data obtained from Central bank of Nigeria and World Bank. By utilizing a robust dataset spanning from 1981 to 2021, the study employed autoregressive distributed lag (ARDL) approach to uncover intricate relationships. Results, both short-run and long-run analyses, reveal that health and education spending, and gross fixed capital formation positively correlated with economic growth. Conversely, the findings demonstrated that population growth and carbon dioxide emissions (CO2) exerted detrimental effects on economic growth due to the negative impact on the health of the working population. Additionally, the inverted U-shaped relationship between the macroeconomic footprint and income confirms the validity of Nigeria's Environmental Kuznets Curve (EKC) phenomenon. Lastly, the findings of this study hold important policy implications, emphasizing the need for technological advancements and innovative solutions to address the challenges associated with economic growth, health expenditures, education, and the environment in Nigeria. Policy measures promoting birth control through contraception and family planning should be embraced to effectively manage the country's rapidly growing population.