Growth Momentum Research Articles

Using 3rd -Party Logistics Services OR Developing Own Capability to Cater to ECommerce Demands - A comparative Analysis

Ecommerce is an inseparable part of modern global lifestyle, connecting people across international borders and enabling sellers to access global. Despite growing massively over the last couple of decades, its growth is far from over. In fact, the pandemic has acted as an accelerator and the growth momentum is continuing despite people returning to the conventional brick and mortar shops. Ecommerce innovations are constantly being rehashed and improved – especially after the global pandemic this transition is now innovating at a much faster pace. For responding to the ever-increasing demand for swifter yet efficient fulfillment of customer order along with timely shipment, a larger number of e- commerce businesses are turning towards third-party logistics or 3PL providers. While it offers them the freedom from the hassles of storing and delivering finished products to the end-users, the human resource that is therefore freed, can then focus on core competencies of the business thus allowing them to give attention to product development, innovation along with marketing and sales. There is always the risk of poor fulfillment and delayed shipments or goods getting damaged in transit which deteriorates customer satisfaction and company profitability. This article compares the use of third-party logistics (3PL) against building in-house capabilities and highlights the virtue of careful selection and employment of experienced 3PL in helping an enterprise ride the anticipated growth wave by offering cost advantages and flexibility.

Mechanism of ESG System Construction Promoting Sustainable Financial Development under the "Dual Carbon" Goals

Abstract: China is advancing green and low-carbon development in a coordinated manner, and at the 75th session of the United Nations General Assembly, China officially proposed the goals of carbon peaking and carbon neutrality. The "dual carbon" strategy is an essential path to achieving green and sustainable development, as well as a necessary measure to enhance the momentum of high-quality economic growth. The construction of the ESG (Environmental, Social, and Governance) system is a crucial factor influencing the development of green finance, and the importance of green finance and sustainable development for high-quality corporate and social development is further elevated. This paper analyzes the significance of ESG system construction for the green transition of the economy and society. Based on the development status of ESG practices domestically and internationally, and grounded in the issues and needs of the domestic economic and social green transition, this study explores the mechanism by which ESG system construction promotes the sustainable development of finance.

India’s growth in the era of secular stagnation

As one of the world’s fastest-growing and largest economies, India is showing growth momentum while advanced countries have long been suffering from secular stagnation and the recent China’s slowdown is also evident. In the context of the current economic juncture and global integration, this paper attempts to analyze such Indian growth dynamism and factors affecting it. In particular, this paper aims to investigate (1) the degree of synchronization in economic activities between India, the selected advanced countries and China, (2) the transmission channel focusing on trade, with a particular focus on China, and (3) sectoral growth and India’s manufacturing drive. It utilizes exploratory data and correlation analyses. The key finding is, firstly, India’s synchronization with the global economy has been deepening. The growth trend reaffirms the general perception that India exhibits high growth, whereas advanced countries experience continuous low growth. On the other hand, the cyclical growth shows that the Indian economy is experiencing weaknesses as are the advanced countries and Chinese economy. Secondly, India is closely linked with China via trade channels. It aided in deepening the dependency on China rather than promoting domestic production due to the high cost of capital and intermediate goods and lack of technology. Thirdly, the sectoral analysis indicates the weakness of manufacturing sector that is associated with declining investment and the lower profit margin. These findings suggest that India is exposed to both external and domestic weaknesses in driving its economic growth. Under such juncture, it needs careful monitoring whether India will be able to sustain long term growth impetus.

Analysis of Regional Economic Cooperation in Asia and Policy Options for China

Recent years have witnessed a robust growth momentum in regional economic cooperation in Asia, marking it as an indispensable component of global economic development. With the acceleration of globalization and the deepening of regional integration, cooperation among Asian nations in areas such as trade, investment, and infrastructure has progressively intensified. Particularly under China's impetus, the signing of free trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) signifies a new phase in Asia's regional economic cooperation. As the world's second-largest economy, China, with its vast market and vigorous economic growth, plays an increasingly pivotal role in regional economic collaboration. China's policy choices not only influence the sustainable development of its own economy but also have a profound impact on the entire economic landscape of Asia. Therefore, a thorough investigation of the current state, mechanisms, and characteristics of regional economic cooperation in Asia, along with an analysis of China's policy choices in this process, holds significant theoretical and practical importance.

Study on Influencing Factors and Control Points of Design Estimate of Landscaping Engineering

In recent years, China’s landscaping projects have developed vigorously, and the growth rate of urban garden green space areas has been maintained at about 5%. Overall, with the development of the national economy and the support of macro policies, people’s demand for close to nature and beautify the environment is gradually increasing, which has brought new growth momentum for the development of the landscaping industry. Simultaneously, from the perspective of future economic development and urban development, the landscaping industry still has a lot of room for development. However, with the rapid development of landscape engineering, the problem of cost control of landscape engineering is becoming more prominent, the phenomenon of budget overestimation is common, and there are many factors affecting the cost of landscape engineering, which brings difficulties and challenges to the analysis of its influencing factors and cost management. How to scientifically analyze the influencing factors and control the cost has become an important link in the landscaping project. To solve the above problems, this paper takes the design stage of landscaping engineering as the background, takes the design estimate of landscaping engineering as the research object, through literature research and data collection, fully excavates the main influencing factors of the design estimate stage of landscaping engineering, analyzes the key points of cost control, and provides reference ideas and directions for the later cost management and control.

Resilience evaluation and spatio-temporal evolution analysis of China's science and technology financial ecosystem

ABSTRACT This paper discusses the resilience of science and technology (sci-tech) financial ecosystem. It constructs an evaluation system from four dimensions: resistance, adaptability, recovery and innovation. The data are from 29 provinces in China from 2010 to 2020. It is evaluated using entropy weights–TOPSIS and dynamic evaluation model. The spatial evolution law is revealed by spatial autocorrelation analysis. The results show that: (1) The overall resilience level of sci-tech financial ecosystem is not high. Its evolution and development are generally in a relatively stable state. It has significant regional heterogeneity, showing a distribution pattern of ‘high east and low west’. (2) It has significant spatial positive correlation. The structure of the sci-tech financial ecosystem in the eastern region is highly complex, most provinces are in high–high agglomeration area. Provinces in other regions are mainly in low–low agglomeration area. Only a few provinces have experienced changes in the spatial distribution. (3) The dynamic value in the eastern region shows polarisation characteristics. Although the static value of resilience in the central and western regions is low, the dynamic evaluation value in some provinces in the central and western regions is high. The subsequent growth momentum of resilience in the north-eastern region is insufficient.

A Financial Analysis and Valuation of Leading Companies in the U.S. Electric Utility Sector

In the post-pandemic era, as societal life demands gradually recover and stabilize, the American public utilities sector has demonstrated positive growth momentum, garnering significant investor attention. This research focuses on four prominent enterprises within the industry, including Southern Company (SO), American Electric Power (AEP), Duke Energy (DUK), and Exelon Corporation (EXC). These entities not only epitomize the developmental trajectories of the electric power industry but also reflect the escalating influence of renewable energy over traditional fossil fuels and the ramifications of heightened environmental standards on corporate operations. Leveraging the 2023 annual reports as foundational data, this study conducts a thorough analysis and valuation of these firms' financial statement indices and price-to-earnings ratios, aiming to offer comprehensive insights and analyses regarding their financial standings and market prospects. The findings indicate that Southern Company exhibits robust market competitiveness and allure, alongside an optimistic outlook for future development, rendering it a viable candidate for sustained attention from investors seeking long-term value investments.

The middle technology trap: China in a comparative perspective

This article examines the concept of the "middle technology trap" as a critical challenge for China in transitioning from a middle-income to a high-income economy. It argues that overcoming this trap is essential for China to achieve high-quality economic development and sustain its growth momentum. The study compares China's technological landscape with that of both developed economies and those stuck in the middle-income trap, identifying the necessity of transitioning from applied to original technology for economic leapfrogging. Through comprehensive analysis, it is highlighted that China's current technological capabilities, although leading in certain areas, predominantly remain at an intermediate level, characterized by a significant reliance on foreign core technologies and a lack of original technological innovation. The paper further explores historical contexts, policy implications, and strategic reforms required to navigate this trap, emphasizing the importance of an open policy, the cultivation of a robust innovation ecosystem, and the strategic role of government in facilitating technological progress and industrial upgrading. It draws on the experiences of developed economies and successful latecomers, advocating for a "new whole nation system" that embraces openness and global integration, rather than isolation. By analyzing the complex interplay between technology diffusion, talent migration, industrial policies, and the global geopolitical landscape, this study provides insights into the systemic reforms and strategic initiatives China must undertake. It stresses the need for a balanced approach between leveraging external technologies and fostering domestic innovation capabilities to escape the middle technology trap and secure a position as a global technology leader. The findings contribute to the broader discourse on technology-led development strategies and offer policy recommendations for economies facing similar technological and developmental challenges.

Momentum of Industrial Growth: Methods of Calculation and Ways of Use

Momentum of Industrial Growth: Methods of Calculation and Ways of Use

A Critical Examination and Scrutiny between Tata Steels and JSW Steels Limited in India

Abstract: Over the past few years, the Indian steel sector has advanced quickly thanks to solid foundations. The industry is receiving all of the necessary components needed for rapid expansion. The industry is receiving billions of dollars in investments from the private sector and advantageous industrial changes from the government. Due to the robust domestic demand from the building, automotive, and infrastructure sectors, the industry was able to maintain its positive growth momentum even during the difficult economic downturn. With a stellar history, the nation is now well-known in the global steel sector. The remarkable performance of the industry has attracted global steel companies from all over the world. For instance, India's production of crude steel reached 56.6 million metric tonnes in 2009, a modest year-over-year increase of 2.7%. Conversely, a number of Asian nations, including South Korea and Japan, experienced a sharp drop in their production levels. This further demonstrates the Indian steel industry's robustness and resilience against outside risk factors. The impact of the steel industry on two significant businesses, Tata Steels and JSW Steels, is discussed in this essay. Additionally, the author has attempted to use ratio analysis in the study to highlight Tata Steels' and JSW Steels' financial performance.

The Challenges and Countermeasures of Entrepreneurial Enterprise Strategic Planning

The main challenges faced by entrepreneurial enterprises in strategic planning include the lack of experience and capabilities of entrepreneurs themselves, affecting the professionalism of strategic decision-making; limitations in resources such as funding and talent, constraining strategic execution; and misjudgment of market conditions and external policy changes, increasing decision-making risks. These challenges seriously impede the effectiveness of strategic implementation for entrepreneurial enterprises. In response, businesses can take three key measures: improving the systematic nature of strategic planning and execution, establishing flexible strategic adjustment mechanisms, and introducing external professional services. Firstly, establishing a scientific and systematic strategic management framework to accurately recognize market trends and proactively control risks. Secondly, setting up regular review mechanisms based on market and policy changes and making strategic adjustments when necessary. Lastly, collaborating with professional organizations to address the lack of experience and perspectives and minimize risks. Through the integrated application of these strategies, entrepreneurial enterprises can ensure the effectiveness of strategic planning and implementation in a complex and ever-changing environment, and gain momentum for sustained growth.

Sustainable dairy sector of an emerging economy: An empirical quest based on India

CONTEXTThe dairy sector has been poised for fierce competitiveness due to the commercialization of the dairy sector and the presence of a global market size of 893 billion dollars. It has received a new dimension with the challenge of environmental sustainability. OBJECTIVEConsidering all these challenges, the present research paper studies the major growth factors and the sustainable approach to dairy development in an emerging economy like India. METHODSFifteen major dairy-developed states of India have contributed 90% of the milk production of the country examined from 2001 to 2019. The significance of key growth factors for dairy farming and the dairy value chain is assessed. The opportunity for sustainable dairying is examined. RESULTS AND CONCLUSIONThe authors have found that the growth factors of dairy farming and dairy value chain are significant by 1% through the fixed effect (FE) model and random effect (RE) model respectively. Indian dairy farming practices and their approach create optimism about environmental sustainability. SIGNIFICANCEThe present study has observed a series of operational activities that are conducive to the triple bottom approach. With that, this study has mentioned strategies that can steer growth momentum and support sustainable Indian dairy development in the coming times.

Effects of ICT and Energy Transition on Sustainable Fiscal Growth: Empirical Evidence from China

It is crucial for sustainable growth policies and strategies, which are currently being used internationally, to balance the various aspects of development, including the economic, environmental, and social ones. There is currently broad agreement that energy transition and Information and communication technologies (ICT) offer fresh momentum for long-term sustainable fiscal growth. The main goal of the current research is to study the effects of energy transition and ICT on sustainable fiscal growth in China over 1995-2020 period. To empirically estimate the above mentioned nexus, the recently introduced Quantile Autoregressive Distributed Lag Model (QARDL) is applied. The study findings for long run indicate that energy transition impacts sustainable fiscal growth negatively over lower qauntiles and at extreme higher quantiles. However, the ICT is found to promote sustainable fiscal growth at all quantiles. The short run dynamics also indicate that current and previous values of ICT and energy transition have significant impact on sustainable fiscal growth. The Wald test of parameter constancy rejects the null hypothesis and shows that non linear and asymmetric impact is present between sustainable fiscal growth and ICT and energy transition in the short run and the long run. Test of Quantile Granger Causality reveals bidirectional causal association between study variables. The study recommends the Chinese government and policy makers to adopt efficient policies to promote ICT use among all the sectors of the economy that can help in achieving sustainable fiscal growth.

Repositioning to sink: The pricing and quality decisions for product line considering the sinking market

Opening up new markets (e.g., the sinking market) is one way to boost growth momentum, especially with the decrease in the rate of technological development and the impact of the black swan event (e.g., the COVID-19 pandemic). Considering the difficulty and cost of developing new products, repositioning existing products by a price markdown is an easier way to expand the market. Companies can implement different pricing strategies for different products to target different markets and make extra profits, but products entering the sinking market may deeply erode the original market. Therefore, balancing the advantages and disadvantages of entering the sinking market is a significant challenge for firms selling products as a product line. By building a theoretical model, we investigate the optimal product line repositioning strategy when companies decide to expand the market. First, we examine the optimal conditions for companies to enter a sinking market. We then analyze the optimal product line strategy in the sinking market. Furthermore, we investigate the interaction between repositioning strategy and quality decisions. The main results indicate that with the increase of the consumers’ willingness to pay at the sinking market and the decrease of the production cost, the seller's motivation to enter the sinking market would be greater. More importantly, entering the sinking market with higher quality can also be the optimal decision. What's more, we also find that the seller implementing low-quality repositioning strategy may prefer fiercer product erosion. Interestingly, the consideration of the quality decision would motivate the seller to enter the sinking market more aggressively even when the production cost is relatively high. Yet, this motivation would be weakened when the production cost is relatively low.

State-dependent oil price shocks on inflation and the efficacy of inflation targeting regime

This paper investigates the state-dependent effect of oil price shocks on domestic inflation using a panel of 30 countries over the period of 2001Q3 to 2022Q4. We find a significant asymmetric effect over different economic states, with a positive and significant effect during economic boom periods, while no significant effect during bust periods. Such state-dependent effect is also quantitatively verified through a dynamic panel threshold framework. As a related question, the paper also examines the effectiveness of inflation targeting (IT) regime in adjusting the oil price shocks-induced inflation. We evaluate the effectiveness of IT regime from several dimensions: whether it contributes to reducing 1) the level of inflation induced by oil price shocks during boom periods, 2) the probability of oil price shocks-induced inflation deviating from inflation target range, and 3) the duration of inflation deviations from the target range. Our findings indicate that central banks under inflation target regime do not mitigate the level and volatility of inflation induced by oil price shocks more effective than the Non-IT regime. Nevertheless, it reduces the duration of oil price shocks-induced inflation that is above the upper limit of target range. As for the causes, our findings suggest that inflation-targeting central banks do not react aggressively to oil price shocks during economic expansions so as to maintain the positive momentum of economic growth and employment, rather than immediately curbing inflation.

How can green finance promote the transformation of China's economic growth momentum? A perspective from internal structures of green total-factor productivity

Green financing is a crucial tool for promoting China's economic growth and helping to achieve carbon neutrality, but its implications on the internal dynamics of green economy remain uncertain. This study examines the impacts of green finance on China’s Green Total Factor Productivity (GTFP) and its internal factors, including technical innovation, industrial structure, balanced regional growth, scale, and resource allocation efficiency, by using a three-hierarchy meta-frontier Data Envelopment Analysis (DEA) and provincial panel data from 2008 to 2020. The findings show that: (1) regional green finance development may greatly boost the growth of GTFP, and the findings remain reliable after applying a series of robustness tests; (2) further research finds that green finance enhances GTFP by promoting technological innovation, facilitating the optimization of industrial structure, and improving resource allocation efficiency; and (3) there are significant spatial heterogeneities in this effect. The effect of green finance on GTFP is more pronounced in developed and market-oriented regions. This study helps to understand the pathways of green finance affecting the transformation of green economic growth and formulate differentiated regional policies in light of local conditions.

Peran Dewan Pengawas Syariah Terhadap Perkembangan Bisnis Koperasi Syariah di SMA Negeri 4 Praya Kabupaten Lombok Tengah Tahun 2021/2022

The Sharia Cooperative at State Senior High School 4 Praya has recorded remarkable profit increases for three consecutive years. In 2020, they achieved a profit of IDR 90,045,658, which then saw rapid growth in 2021, reaching IDR 109,491,289, marking a growth of IDR 19,445,631. Not stopping there, the year 2022 was an even more impressive achievement with profits reaching IDR 164,032,600, indicating strong performance and the ability to maintain significant growth momentum. This study indicates that the factors influencing the business development of the Sharia Cooperative at State Senior High School 4 Praya include: a) Member Participation, b) Management Professionalism, c) External Factors. In the context of the cooperative's success at State Senior High School 4 Praya, it is heavily influenced by the complex interaction between member participation, management professionalism, and external factors. The role of the Sharia Supervisory Board in enhancing the business development of the Sharia Cooperative at State Senior High School 4 Praya includes: a) Supervisor, b) Advisor, c) Marketer, d) Supporter, e) Player. In the context of supervision and control, the Sharia Supervisory Board not only monitors but also provides guidance and support to ensure that the Sharia Cooperative can achieve its goals by adhering to Sharia principles, enhancing business development, and providing benefits to its members. The success of the Sharia Supervisory Board in its roles significantly contributes to the growth and sustainability of the Sharia Cooperative at State Senior High School 4 Praya.

Stock price forecast model for CATL based on BP neural network regression

With the introduction of the "Dual Carbon" policy and the increasing environmental awareness among residents, the new energy vehicle industry is experiencing positive growth momentum. New energy vehicles use non-traditional energy sources as their power supply, effectively reducing carbon emissions, enhancing energy efficiency, and contributing to the improvement of China's existing energy landscape, thus supporting environmental protection and the early realization of "carbon peak" and "carbon neutrality" goals. Contemporary Amperex Technology Co., Ltd. (CATL), a prominent and competitive player in China's emerging clean energy industry, focuses on researching, developing, manufacturing, and marketing power battery and energy storage systems specifically designed for new energy vehicles. Moreover, in recent years, machine learning and deep learning have gained wide application in various domains, including stock price prediction and financial investment. This paper constructs a stock price prediction model for CATL based on a BP neural network regression, considering factors related to traditional energy, carbon trading, environmental aspects, and industry-specific factors.

India’s Economic Growth since the 1980s and the Role of the State: An Alternative Perspective

It is imperative to explore the contribution of the Indian state to the country’s impressive long-term growth performance during the free-market era, given the looming demand deficiency problem arising from this iniquitous growth process. Drawing on Marx’s idea of circuit of capital, this article investigates the various ways in which the state contributes to the process of accumulation and economic growth, especially in the context of India during the period of market-oriented reforms. Additionally, this study aims to trace the changing nature of interventions of the Indian state to ascertain the domain and extent of its withdrawal and continued presence. Furthermore, it investigates the interventions undertaken by the Indian state to sustain or cushion the growth momentum at times of economic downturn during the free-market era. JEL Classification: B51, E62, O11, P16

Regional economic forecast using Elman neural networks with wavelet function.

Recently, the economy in Guangdong province has ranked first in the country, maintaining a good growth momentum. The prediction of Gross Domestic Product (GDP) for Guangdong province is an important issue. Through predicting the GDP, it is possible to analyze whether the economy in Guangdong province can maintain high-quality growth. Hence, to accurately forecast the economy in Guangdong, this paper proposed an Elman neural network combining with wavelet function. The wavelet function not only stimulates the forecast ability of Elman neural network, but also improves the convergence speed of Elman neural network. Experimental results indicate that our model has good forecast ability of regional economy, and the forecast accuracy reach 0.971. In terms of forecast precision and errors, our model defeats the competitors. Moreover, our model gains advanced forecast results to both individual economic indicator and multiple economic indicators. This means that our model is independently of specific scenarios in regional economic forecast. We also find that the investment in education has a major positive impact on regional economic development in Guangdong province, and the both surges positive correlation. Experimental results also show that our model does not exhibit exponential training time with the augmenting of data volume. Consequently, we propose that our model is suitable for the prediction of large-scale datasets. Additionally, we demonstrate that using wavelet function gains more profits than using complex network architectures in forecast accuracy and training cost. Moreover, using wavelet function can simplify the designs of complexity network architectures, reducing the training parameter of neural networks.