Experience Economy Research Articles

Weaver to precarity capitalism: ethnographic understanding of contemporary Surat through the experiences of Odia labour migrants

ABSTRACT Many economic and historical accounts mention the forms of capitalism in Surat. The paper argues that while capitalism has always been central to examining Surat, existing literature mainly focuses on the owners of capital and the relationships among them. The notions of weaver, mercantile, or ethnic capitalism primarily focused on capital accumulation by artisanal castes, the role of foreign capital, and social trust among capital owners, respectively. While some analyses reveal the process of labour exploitation due to India's liberalisation and growing informal economy, the narratives and nuances of labour experience are scant. In this paper, I theorise precarity capitalism through the experience of migrant workers in Surat’s powerloom units. Odia labour migrants from the Ganjam district of Odisha have been migrating to Surat since the 1950s and, as of 2018, form one of the largest migrant communities. Through ethnographic data, I argue that the workers experience precarity across different temporal and spatial scales. Moving beyond shop floors, I argue that precarity capitalism underscores the precarious entanglement between Ganjam and Surat.

Japan's GDP Growth and Macro Policy Adjustments: Historical Review and Prospective Analysis

As a highly developed economy, Japan's economy has experienced years of rapid growth and structural adjustment. After entering the 21st century, Japan's economy is facing unprecedented challenges. From the historical development to the current situation, and then to the future prospect, this article analyzes the evolution process and challenges faced by Japan's economy. Firstly, the article reviews the historical development of Japan's economy and points out its rapid growth, structural adjustment and challenges in different stages. Subsequently, it analyzes the impact of macroeconomic policies on Japan's economy. On this basis, the future development trend of Japanese economy is further prospected, and it is pointed out that globalization, technological innovation, aging population and other factors will have a far-reaching impact on Japanese economy. Finally, it summarizes the experience and challenges of Japanese economy, and emphasizes the importance of deepening reform, optimizing industries and upgrading science and technology to steady growth.

A study on the green transformation path of industrial heritage from the perspective of user experience: A case study of Jiangsu Garden Expo Park

<p>With the advancement of economic structural transformation and urban renewal, the green transformation of industrial heritage sites is increasingly recognized as one of the key strategies for promoting sustainable urban development. Taking Jiangsu Garden Expo Park as an example, this study thoroughly explores the impact of the green transformation of industrial heritage sites on user experience and the relationship between user value perception, satisfaction, and behavioral intention. Based on the experience economy theory, the study classifies user experiences into four types: education, aesthetics, entertainment, and escapism, and examines how these experiences affect users’ functional perceived value, emotional perceived value, satisfaction, and behavioral intention. The results of the study show that educational, aesthetic, and escapist experiences have a significant positive effect on users’ emotional perceived value, while functional perceived value has a stronger effect on satisfaction than emotional perceived value. User satisfaction has a significant positive effect on behavioral intention, which suggests that enhancing user experience play a greater role in promoting positive user behaviour towards green transformation of industrial heritage sites. This study also provides recommendations for developing public participation, improving infrastructure development, cultivating spiritual connotations, and promoting cultural innovation to help the green transformation and tourism development of industrial heritage sites. The findings of this study provide certain theoretical basis and practical guidance for the green transformation of industrial heritage sites, explain the importance of optimising the development of industrial heritage sites from the perspective of user experience, and hopefully provide constructive suggestions for enhancing the attractiveness and sustainability of industrial heritage sites.<strong></strong></p>

Religious Inflection in the Economy of Experience: The Concept of Atmosphere in Aesthetic and Phenomenological Thought of Hermann Schmitz and Gernot Böhme

The article offers a brief genealogy of the concept of atmosphere in the thought of Hermann Schmitz (New Phenomenology) and Gernot Böhme (Aesthetic Theory) to show that the concept takes on a quasi-religious appearance, especially in its design and economic applications. It is shown how a phenomenological concept of religious origin could become a pseudo-psychological marketing strategy. The article argues that the concept of atmosphere should not be applied too exclusively to the design of (interior) spaces, but that the sociality of atmospheres should also be taken into account. In this way, attention can be drawn to the manipulative power of the atmospheric.

Examining the Belt and Road Initiative (BRI) from the perspective of clean energy supply chain resilience

ABSTRACT As the global economy experiences significant changes marked by increased disruptions and escalating geopolitical tensions, the Belt and Road Initiative (BRI) is expected to assume a crucial role in reshaping global supply chains. This research adds to the existing knowledge about the BRI by looking into how it affects supply chain resilience in the clean energy sector, which is gaining new prominence within the BRI. The study examines various BRI projects and finds that despite hurdles and challenges, they can potentially boost the resilience of clean energy supply chains by improving infrastructure, creating diverse routes, fostering technological advancements, and encouraging collaboration among different stakeholders. Additionally, the research delves into how BRI clean energy projects impact China’s relationships with both BRI partner countries and Western nations. It suggests that while these projects generally benefit China’s ties with BRI countries, they can lead to a mix of positive and zero-sum games in China’s relations with the West.

MODERN TRANSFORMATIONS OF NATIONAL ECONOMIES IN RESPONSE TO THE GLOBALIZATION OF FINANCE AND CREDIT

The study's relevance is determined by the fact that the global economy is a chaotic system composed of millions of interconnected elements (economies of individual countries). In this context, it is emphasized that each national economy experiences periods of growth and decline. These cycles have an irregular nature and can be triggered by intermittenсies in the finance and credit sectors in globalized economies, specifically phenomena of sudden, unpredictable surges in activity or volatility that cause their transformation, while in periods of relative stability, they ensure their sustainability. Thus, the article's aim is a comprehensive analysis of typical transformations of national economies as a response to the globalization of the finance and credit. The study emphasizes that the globalization of the finance and credit creates a highly dynamic and complex environment where the economies of various countries are closely interconnected. As a result of globalization, financial crises, technological innovations, and geopolitical events can rapidly spread across the globe, triggering significant changes in the economies of different nations. These processes are quite chaotic, but they exhibit certain recurring patterns. The transformations of national economies, driven by core intermittent events, manifest in the liberalization of financial markets, the development of financial innovations, the strengthening of central banks, and the reinforcement of international cooperation. Most countries have liberalized their financial markets by lowering barriers for foreign investors and expanding access to financial services. National economies are actively developing financial innovations such as fintech, blockchain, and cryptocurrencies to adapt to the new conditions of global competition. Central banks are playing an increasingly important role in stabilizing financial systems and mitigating the effects of financial crises. Countries are collaborating internationally to develop common rules and standards in the financial and credit sectors, aiming to minimize the risks of global financial crises. The transformations of national economies affect developed and developing countries, bringing about positive and negative consequences.

Development of Tourism Products and the Concept of Experience Economy

Development of Tourism Products and the Concept of Experience Economy

The double disadvantage faced by adolescents from low socioeconomic backgrounds with mental health problems affects earnings up to mid-life

Early childhood socioeconomic disadvantage and mental health problems are both important determinants of adult social and economic experiences, but little is known about how they interact in this respect. We aimed to assess whether poor mental health in adolescence exacerbates labour market inequalities originating from low socioeconomic status (SES) in childhood. We use a birth cohort of individuals born in 1958 in England and follow their employment experiences and cumulative earnings up to age 55. We proxy low SES in childhood with father's occupational class at the time the respondent was aged 11, and use caregiver (usually, parent) ratings of the Rutter inventory at age 16 to identify mental health problems in adolescence. We fit ordinary least squares (OLS) models to estimate the effect of growing up in a low-SES family and experiencing mental health problems (conduct or emotional problems) in adolescence on cumulative earnings (log-transformed). We use an interaction term to test whether the association between mental health problems (conduct and emotional separately) and earnings differed by socioeconomic group. Individuals who experienced conduct problems in adolescence had lower cumulative earnings and employment levels up to age of 55. Moreover, the association between mental health problems and cumulative earnings was higher among individuals who also experienced low SES in childhood. Families from a higher socioeconomic group may have more effective means to counteract the adverse impacts of adolescent mental health problems, likely due to broader access to resources, support systems and opportunities. This underscores the role of structural supports in addressing socioeconomic inequalities in mental health outcomes and their long-terms implications.

Utilizing the Experience Economy to Cultivate Unforgettable Moments in Sustainable Tourism: The Case of Edelweiss Park in Wonokitri Village

Limited attention has been given to the implementation of the experience economy in tourism villages. This research aims to bridge this gap by evaluating the practical applications of the experience economy in the management of tourism destinations, specifically within the framework of Edelweiss Park in the Wonokitri Tourism Village. This study adopts qualitative methodologies, utilizing interviews and on-site observations. The investigation was carried out at Edelweiss Park in Wonokitri village, where discussions were held with both stakeholders involved in the park’s management and its visitors. In total, six individuals were interviewed to glean insights into the implementation of experience economy practices within Edelweiss Park. Edelweiss Park offers a unique cultivation tourism experience where visitors actively engage in cultivating edelweiss flowers. The hands-on learning and expert guidance enhance the overall enjoyment and satisfaction of the experience. Edelweiss Park stands out as a conservation-based destination that successfully combines tourism with responsible practices, making it a remarkable model for preserving edelweiss flowers while providing visitors with an enjoyable and rewarding visit. Keywords: experience economy, tourism village, visitor engagement

Reflecting on Democratic and Economic Experiences in sub-Saharan Africa: A Comparative Analysis of the First 3 Decades vs. the Second 3 Decades under Ghana’s Republics

This study sought to juxtapose Ghana’s first three decades [1960s-1980s] of democratic and military regimes with its second three decades [the 1990s-2010s] of only democratic regimes to understand its political and economic trajectories and dynamics. Drawing on the Mandate Theory and leveraging on the interpretivist paradigm, the study adopted a qualitative content analysis and in-depth interviews to collect and analyze the views and opinions of respondents in Accra. The findings show that (a) The 1992 constitution has effectively halted Ghana’s 1960s and 80s cyclical political turmoil, ushering in ‘Pax Ghanaianica’, (b) There is a correlation between campaign promises and real GDP growth under the Fourth Republic, and (c) There is no correlation between a stable democracy and a stable real GDP growth under the Fourth Republic [i.e., The political campaign promises relative to power/electrification/energy have been unable to sustain production in Industry, Agriculture, Commerce, and Services]. The study concludes that Ghana’s roller coaster economic development may re-trigger ‘alien’ incursions into contemporary Ghanaian politics. It recommends that the political economy of Ghana should be structured to propel sustainable production in Industry, Agriculture, Commerce, and Services.

Impact of Green Technology Innovation on Green Economy: Evidence from China

The impact of green technology innovation and the digital economy on the sustainability of the green economy is increasing. To delve deeper into this subject, this paper utilizes fixed- effect models and threshold effect models. It examines data from 34 provincial administrative regions of China. The aim is to uncover the patterns of influence the green technology innovation and the digital economy have on the sustainability of the green economy. The research findings are as follows: (1) The green technology innovation, digital economy, and their interaction contribute to promoting the high-quality sustainability of the green economy. The sustainability of the green economy relies on the support of green technology innovation and the digital economy. By optimizing the capabilities of green technology innovation and the level of digital economy, managers could enhance the high-quality sustainability of the green economy. (2) The digital economy exhibits a dual threshold effect in driving the sustainability of the green economy through green technology innovation. When the digital economy surpasses the first threshold, the influence of green technology innovation on the green economy experiences a notable increase. However, once the digital economy surpasses the second threshold, the impact of green technology innovation on the green economy begins to diminish significantly. (3) There are notable regional variations in the impact of green technology innovation and digital economy on the sustainability of the green economy across different regions of China. Considering these findings, it is vital for stakeholders in China to implement customized measures. These measures should aim to actively promote the sustainability of China’s green economy. The relevant stakeholders include businesses and the government.

The Experience Economy and Nostalgia in Food-Making Programs at Food Museums

The Experience Economy and Nostalgia in Food-Making Programs at Food Museums

Features of the regional tourism product promotion of Mangystau region in the context of the “Experience Economy” development

Object: The main goal of this study is to identify the specifics of promoting the regional tourism product of the Mangystau region in the context of the influence of the “Experience Economy” on it. The hypothesis of this study is that the level of development of infrastructure and, in particular, accommodation facilities is not a determining factor in the influx of incoming tourists (non-residents). Methods: To achieve this goal, the following scientific methods were used: generalization method, structural analy sis, quantitative analysis, graphical method. Findings: It is known that the tourist product largely consists of intangible services, the use value and value of which is measured mainly by emotions, new sensations and impressions among tourists. The main source of added value in tourism, according to the concept of the “Economy of Experiences,” today is not just tourist services, but positive im pressions and feelings of consumers. In particular, certain dimensions of the experience economy are hypothesized to shape perceptions of well-being. In addition, it is assumed that the perception of well-being can lead to two managerial outcomes: brand identification and intentions to return to it, which will shape the promotion strategy of the tourism prod uct. Conclusions: In the context of growing internal and external competition in the tourism services market, on the one hand, and the increasing spread of the concept of the “Experience Economy”, its influence on the promotion of RTP, it is important to diversify promotion channels in terms of strengthening their emotional component.

Features of the regional tourism product promotion of Mangystau region in the context of the “Experience Economy” development

Object: The main goal of this study is to identify the specifics of promoting the regional tourism product of the Mangystau region in the context of the influence of the “Experience Economy” on it. The hypothesis of this study is that the level of development of infrastructure and, in particular, accommodation facilities is not a determining factor in the influx of incoming tourists (non-residents). Methods: To achieve this goal, the following scientific methods were used: generalization method, structural analy sis, quantitative analysis, graphical method. Findings: It is known that the tourist product largely consists of intangible services, the use value and value of which is measured mainly by emotions, new sensations and impressions among tourists. The main source of added value in tourism, according to the concept of the “Economy of Experiences,” today is not just tourist services, but positive im pressions and feelings of consumers. In particular, certain dimensions of the experience economy are hypothesized to shape perceptions of well-being. In addition, it is assumed that the perception of well-being can lead to two managerial outcomes: brand identification and intentions to return to it, which will shape the promotion strategy of the tourism prod uct. Conclusions: In the context of growing internal and external competition in the tourism services market, on the one hand, and the increasing spread of the concept of the “Experience Economy”, its influence on the promotion of RTP, it is important to diversify promotion channels in terms of strengthening their emotional component.

Service quality or customer experience: what drives cultural heritage satisfaction and loyalty?

ABSTRACT Previous research suggests that in today’s experience economy, service is no longer the key determinant and that customer experience has taken over. However, few studies compare the relative impact of service quality and customer experiences on outcomes. The aim of this quantitative study is to examine the separate effects of service quality and customer experience on satisfaction, revisit intentions and word-of-mouth communication. Contrary to expectations, service quality has a larger effect on outcomes than customer experience. The mediation analysis shows very small indirect effect sizes, suggesting that that customer experience hardly mediates the relationship between service quality and the three outcomes. The conclusion is that measuring service quality remains essential to explaining consumer behaviour in the experience economy.

Will I Be the Same? Enhancing Academic Tourism Through Transformative Tourism Experiences

The growing relevance of transformative tourism experiences calls for further empirical research across different contexts. This study tests a comprehensive conceptual model within international academic tourism, incorporating co-creation theory and experience economy framework. Data were collected through a questionnaire survey ( N = 704) and analyzed using structural equation modeling. The results substantiate the proposed conceptual model, revealing a positive influence of activating factors on perceived transformation outcomes. Additionally, transformative tourism experiences confirm a significant impact on place attachment and positive memories, influencing behavioral intentions. Notably, perceived safety influences solely behavioral change, as opposed to personal change, meriting further investigation into this differential effect on transformative tourism experience outcomes. This study enhances understanding of the interrelationships among academic transformative tourism experiences components, namely by exploring the intended achievements’ role. It also elucidates transformative tourism experiences’ impacts on students’ destination perceptions and attitudes. Findings highlight the need for educational and tourism stakeholders to promote stimulating environments and impactful programs that actively engage students, fostering memorable life-changing experiences, place attachment, and loyalty.

Immigrants, asylum-seekers, and refugees: Navigating conceptual challenges through multidimensional migration space-time

Migration is a pervasive social, political, and economic experience. Despite its ubiquity, the complexities of migration present challenges for scholars. Ongoing debates revolve around defining central categories that describe and understand human movement. Concepts such as migrant, asylum-seeker, and refugee are fraught with tensions and overlapping characteristics. Disaggregating these categories is complex due to the messy and varied nature of individuals’ lived experiences. This complexity prompts scholars to critically examine how these categories are constructed and applied. Considering this, I argue that reconceptualizing migration categories as interconnected positions within a temporally and geographically contingent multidimensional migration space-time allows scholars to better examine the complexities of movement. Moreover, the intricate nature of migration necessitates the construction and reconstruction of adaptable concepts to better understand highly contextual experiences. Therefore, researchers must design research projects that can capture the nuances, tensions, and contradictions inherent in migration experiences, even when these nuances do not align with narrow, instrumentalized definitions used in legal regimes and public policy. While more flexible concepts offer valuable opportunities for deeper insights, there are also significant risks to consider.

ФОРМУВАННЯ НАЦІОНАЛЬНОГО БРЕНДУ В УМОВАХ ВІЙНИ ТА НОВІ МОЖЛИВОСТІ ЕКОНОМІЧНОГО РОЗВИТКУ УКРАЇНИ

Objective. The article is devoted to the disclosure of the peculiarities of the formation of the national brand in the conditions of war and new opportunities for the economic development of Ukraine. The main principles of the formation of the national brand of Ukraine in modern conditions and the influencing factors on its development are determined. Methodology. To solve the set tasks, the relationship between the influence of the "soft power" rating and awareness of Ukraine throughout the world is justified, and new opportunities for the economic development of Ukraine in the conditions of war are proposed. Results. In order to solve the tasks, the following was investigated: the economic dynamics of some indicators of the activities of the participants of the tourist market and their relationship with the formation of the national brand in the conditions of war; the dynamics of tax revenues from the tourism industry, as well as the role of participants in the tourist services market in the context of the "experience economy". On the basis of the conducted SWOT analysis of tourism in Ukraine, in the context of the "economy of impressions", the authors offer practical recommendations, the implementation of which will ensure obtaining new opportunities for the economic development of Ukraine in the conditions of war. Scientific novelty. The authors propose to develop an advertising prospectus «PRALISY: ATLAS OF UKRAINE» which has not been done before, the popularization of which by participants of the tourist services market will provide new opportunities to restore people's mental health, a higher level of emotional satisfaction from received tourist services, as well as new economic development of Ukraine in the context "economy of impressions". Practical significance. The formation of the national brand of Ukraine in the conditions of war determines the search and implementation of innovations in the activities of tourist enterprises. One of such innovations is the advertising prospectus «PRALISY: ATLAS OF UKRAINE» by the authors for the development of new tours and their practical implementation, which will certainly lead to new opportunities for the economic development of Ukraine.

The Coupling and Coordination Between Digital Economy and Green Economy: Evidence from China

ABSTRACT This paper tries to empirically calculate the coupling and coordinate degree between digital economy and green economy by utilizing the data for 28 Chinese provinces from 2015 to 2020 via coupling coordination model. Specifically, we measure the development level of digital economy and green economy by utilizing the entropy weight method, which supports that while the digital economy and green economy increases quickly among all sample provinces, there exists problem of digital divide among different regions and the speed of digital economy is higher than that of green economy. Additionally, we calculated the degree of coupling and coordination between digital economy and green economy, which suggests that coordination and coupling between digital economy and green economy experiences sharp increase. Finally, we also investigated the regional heterogeneity for the coupling and coordination between such two factors and offered that while the absolute level of coupling and coordination between digital economy and green economy in western and eastern regions is lower than that in eastern regions, its growth rate is higher in western and eastern regions than that in eastern regions.

Enhancing User Participation in Cultural Heritage through Serious Games: Combining Perspectives from the Experience Economy and SOR Theory

The dissemination and preservation of cultural heritage has attracted much attention globally, and serious games play an important role in cultural heritage dissemination and preservation; however, it is not clear which experiences of serious games are effective in increasing people’s attention to cultural heritage. This study combines the experience economy and stimulus–organism–response (SOR) theory to construct a theoretical model to explore which experiences of serious games influence users’ behavioral intention to care about cultural heritage. We surveyed 302 users who experienced serious games and analyzed the data and measurement model using SPSS 27 and partial least squares structural equation modeling (PLS-SEM). The results showed that the four experiences of serious games (educational, entertaining, escapist, and esthetic) had a significant effect on users’ perceived value and memory and that perceived value and memory significantly influenced users’ participation. In addition, this study found that the entertainment experience was not only a key factor influencing perceived value and memory, but also the most significant factor directly affecting user participation. This finding provides specific recommendations for game developers and cultural heritage organizations to enhance user engagement. Enhancing the four experience dimensions and strengthening users’ perceived value and memory can effectively encourage users to pay attention to cultural heritage through serious games and contribute to the preservation and sustainable development of cultural heritage.