Long-term Prosperity Research Articles

TRANSFORMATION OF THE GARDEN CITY CONCEPT IN KHARKIV IN THE FIRST THIRD OF THE 20TH CENTURY

This study explores the evolution of the garden city concept through examples found in the Kharkiv region, examining how socio-cultural and socio-political factors influenced their development. By analyzing little-known settlements in the Kharkiv region from the first third of the 20th century, the research demonstrates how the garden city concept was gradually transformed into the idea of a socialist city. The article outlines four distinct stages in the development of Kharkiv’s residential areas, marking the shift from a garden city to a socialist city framework. A central focus of the study is the need to reconsider both the garden city and socialist city models when planning the development of current urban structures. Emphasis is placed on the importance of aligning these models with strategies rooted in sustainable development. The knowledge of these historical urban concepts is particularly relevant today as we seek new approaches to decentralizing settlements and production, especially in the context of Ukraine's post-war reconstruction efforts. The research suggests that these urban models could play an important role in revitalizing the cooperative movement, enabling self-financing communities to rebuild and expand existing settlements in a way that promotes sustainability and long-term prosperity. By applying the principles of the garden Ukraine can foster decentralized, sustainable, and independent communities, laying the foundation for a more positive and resilient future. This approach could help address contemporary challenges by blending historical urban planning insights with modern needs for sustainable growth and community resilience. Keywords: Kharkiv, Garden City, Socialist City, Sustainable Development.

Examining airport agility at air cargo hub airports

The Covid-19 pandemic impacted nearly every aspect of airport operations, highlighting the importance of airport agility. Due to its importance, it is crutial for us to understand the role of agility at airports prior to and during unexpected disruptions. We investigated airport agility for air cargo hub airports using a structural equation model, particularly at Incheon International Airport (ICN). This study uses 27 variables to evaluate the agility of the air cargo business for a hub airport. We find that digital transformation, flight services, information sharing, and accessibility enhance the agility of air cargo hub airports. The survey shows that air cargo experts perceive ICN airport as having satisfactory agile response capabilities. Agility is essential to resilience, which will deliver a competitive advantage and aid the long-term prosperity of the air cargo business. Airports must collaborate to share, align, and improve their collective resilience to improve the productivity and performance of air cargo hubs. Developing innovative airport models enabled by new technologies, such as digital transformation, increases the efficiency and agility of the airport. The ICN's strategy as an air cargo hub airport is responsive to customer needs to mitigate disruptions through digitalization, offering value-added services with adaptability. The application of digitalization improves the airport's agility and efficiency and mitigates uncertainty in the air cargo industry.

An empirical approach assessing the impact of financial product innovation towards investors’ risk adjusted return: An event study technique

The purpose of this study is to explore new financial product’s impact on the behaviour of individual investors. To analyze investors’ risk and return expectations, this article investigates trading volumes before and after the introduction of financial product innovation. An event research technique was used to gather data from the National Stock Exchange. Data was analyzed using descriptive statistics and the Sharpe ratio approach, which were provided by different investors. The research results highlight that individual investors’ overreaction behaviour is brought out by financial product innovation. Furthermore, the study’s results imply that rising trading volumes are not entirely explained by updated risk-adjusted returns and that new financial products lead to excessive trading by investors and lowering returns. Higher trading volumes are not explained by better risk-adjusted returns. Young investors often respond irrationally to information offered by financial advisors, resulting in short-term gains at the expense of long-term gains. The study demonstrates that the development of innovative financial products does not always result in investors’ long-term prosperity. Worse outcomes and excessive trading could follow from it. The paper concludes by providing various real-world implications that the benefits and drawbacks of innovative financial products should be spelled out in detail by financial institutions and representatives. his research contributes to the implementation of individual investors’ overreaction behaviour that is brought out by financial product innovation. It highlights that higher trading volumes are not explained by better risk-adjusted returns.

Risk and Opportunity of Diageo: PESTEL and SWOT Analysis

This research talks about Diageo, the world-famous wine factory, and analyses the risks and opportunities through PESTEL Analysis and SWOT Analysis. The market capitalization, the timing and results of new projects, and the number of brands and revenue are collected from Yahoo finance and the company’s 2024 annual financial report. According to these analysis methods, this research believes that Diageo still possesses a strong power to keep going toward long-term prosperity as the world economy improves, even though there are some legal disputations. Diageo’s huge number of brands and complete production chain can help Diageo avoid risks to a large extent or stop the risk from expanding further. These capabilities result from Diageo’s long-term accumulation and strong management capabilities. This research provides an investment recommendation to investors interested in Diageo and provides a useful method to evaluate the business’s performance and the risks and opportunities it faces.

A three-pronged new development model for overcoming the middle-technology trap in China

This article addresses a critical issue facing developing countries: overcoming the “middle-technology trap” to achieve sustainable economic growth. It posits that transitioning to an innovation-driven economic growth model is pivotal for surmounting this trap and is an essential prerequisite for high-quality development. This study introduces a strategic approach through a new development model, emphasizing the synergy among three core systems: basic scientific research, applied technology, and financial support. This “three-pronged” collaboration model is argued to foster sustainable innovation-driven growth, essential for leaping over the “middle-income trap” towards high-quality development. By analyzing the historical trajectories of the Soviet Union and the United States, the article delineates the critical role of the proposed model in fostering an innovation economy. The Soviet Union’s failure and the United States’ success are examined through the lens of their respective approaches to integrating basic scientific research, applied technology, and financial systems. The analysis underscores the necessity of a balanced and interactive relationship among these systems for technological innovation, industrial development, and sustainable economic growth. The article concludes that for China to overcome the “middle-technology trap” and achieve long-term prosperity, it should embrace this “three-pronged” new development model, ensuring continuous scientific exploration, technological innovation, and productivity enhancement.

Cracking the Wealth Puzzle: Investigating the Interplay of Personal Finance, Expenditure Behavior, and Financial Management

This paper investigated the wealth puzzle by examining the relationships among personal finance (PF), expenditure behavior (EB), and financial management (FM). Data from a diverse sample of 2000 individuals across regions such as Kosovo, Ghana, Kenya, Nigeria, Turkey, Pakistan, Nepal, Uganda, Cameroon, Ethiopia, India, Indonesia, Albania, Oman, and Egypt were collected through an online questionnaire from 2023 to 2024, and processed through exploratory and confirmatory factor analyses using AMOS and SPSS programs. Results revealed the robust relationships among PF, EB, and FM, indicating their resilience and strong internal consistency, and underscoring their pivotal role in shaping individuals’ financial stability and well-being. Notably, EB emerged as a crucial determinant, highlighting the importance of aligning spending habits with family priorities, moderating excesses, and consistently reviewing for improvements. Moreover, critical variables within PF and FM underscored the necessity for strategic financial planning, efficient spending optimization, and the cultivation of resilience against unforeseen financial obstacles. This research has significantly advanced the understanding of wealth dynamics and provided practical insights for policymakers and educators to design targeted financial education initiatives that can improve financial well-being and long-term prosperity. Future research should concentrate on understanding underlying mechanisms and assessing intervention effectiveness across more variables and countries.

A STUDY EVALUATING THE ROLE OF SUSTAINABLE TOURISM PRACTICES ON LOCAL COMMUNITIES

Sustainable tourism aims to maximize economic benefits while reducing adverse effects on the environment, local communities, and culture. It encourages responsible travel, protects natural resources, and fosters social and cultural inclusion to sustain the tourist sector's long-term prosperity. Sustainable tourism practices are crucial for empowering local people because they protect the environment, promote economic growth, and preserve cultural heritage. These strategies encourage social well-being and environmental preservation by assisting local businesses, creating job opportunities, and fostering community involvement in decision-making. The purpose of the study is to evaluate the role of sustainable tourism practices in local communities. One sample t-test was used to analyse the collected data. The findings of the study indicated a significantly high impact of Sustainable Tourism Practices on Economic Empowerment, Infrastructure Development, Job creation, Reduction in Migration, Improved quality of life, Environmental preservation, Protection of Historical sites, Community Engagement, Cultural preservation, Promotion of Local cuisine and Promotion of local arts & Crafts on local communities.

Crafting Sustainable Success in Hybrid Work Practices - Quality of Work Life and Mediating Effects of Job Satisfaction & Leadership Support

The rise of hybrid work arrangements, accelerated by the COVID-19 pandemic, introduced both challenges and opportunities for organizations and employees. This study seeks to examine the sustainability of hybrid work models by analyzing the role of leadership support (LS) and job satisfaction (JS) as mediators in the relationship between Quality of Work Life (QWL) and Work-Life Balance (WLB). Data were collected via online surveys from 343 valid respondent employees working in the private corporate sector in India who had experience in remote or hybrid work setups. The hypothesized relationships among the named variables were tested using the PLS-SEM approach, with a standard bootstrapping procedure employed to disclose direct and indirect effects among latent variables. The findings indicate that employees strongly preferred the hybrid work model over the traditional work setting. Also, it reveals that QWL positively influences WLB, with both LS and JS serving as significant mediators. Leadership support, in particular, emerged as a crucial factor in the hybrid work context, influencing job satisfaction among employees and helping to strike a good balance between their professional and personal lives. The novelty of this research lies in its empirical demonstration of how leadership support and job satisfaction mediate the relationship between QWL and WLB, providing actionable insights for organizations to navigate the complexities of hybrid work model. The study recommends that organizations should formalize hybrid work arrangements; prioritize leadership communication; conduct regular team-building activities and focus on outcome-based performance evaluations. These strategies will enhance job satisfaction, strengthen leadership roles, and promote long-term prosperity with a positive societal and ecological impact.

A Theoretical Discussion on the Flow of Tourist Population and the Development of Tourism Market in Heilongjiang Province

This paper deeply discusses the basic law of tourist population flow and its influence on the development of tourism market in Heilongjiang Province. Under the background of the vigorous development of global tourism, the flow of tourist population, as the core element of tourism activities, has an important impact on the prosperity and sustainable development of regional tourism market, such as seasonal, spatial distribution and interactive effects. Through the detailed analysis of Heilongjiang tourism market, this paper reveals the market size, resource characteristics, challenges and problems of this market under the action of tourist population flow. Further, this paper analyzes the dual impact of tourist population flow on Heilongjiang tourism market, including the positive effect of promoting local economy, cultural exchange and industrial development, and the negative effect of environmental pressure, over-exploitation of resources and decline of service quality. At the same time, this paper puts forward some strategic suggestions to promote the sustainable development of Heilongjiang tourism market, including rational planning of tourist population flow, strengthening the protection and development of tourism resources, promoting the development of smart tourism, and strengthening regional cooperation and linkage. These suggestions are intended to provide theoretical basis and practical guidance for the scientific planning and management of Heilongjiang's tourism market, and help it achieve long-term prosperity and sustainable development.

The Spatial–Temporal Evolution and Driving Factors of the Coastal Tourism Economy in China

Tourism has emerged as a pivotal element of China’s economic development, particularly within its coastal cities. This paper presents a comprehensive analysis of China’s coastal city tourism economic development, focusing on 53 coastal cities. Through a meticulous combination of literature analysis and data crawling, a robust database is constructed, encompassing tourism resources and revenues. This study delineates the spatial–temporal evolution pattern of China’s coastal city tourism development and employs geo-detector methods to quantitatively analyze the impact factors driving this evolution. Key findings reveal distinct trends in the coastal tourism economy of China from 2009 to 2019, characterized by spatial stability, similar trends in adjacent spatial units, and localized spatial structures. Notably, factors such as actual foreign investment, the presence of star-rated guesthouses, tourism industry employment, airport activity, and import–export trade volume exert significant influence on the domestic tourism economy. Similarly, tourism employment, airport activity, availability of star-rated hotels, import–export trade, and utilization of foreign capital emerge as influential factors shaping inbound tourism. Policy recommendations emphasize the need for government intervention to optimize tourism development strategies for coastal cities. This entails balancing resource exploitation with environmental protection and enhancing the quality of tourism services, fostering sustainable growth and long-term prosperity.

EXPRESS: Crowdfunding Success for Female versus Male Entrepreneurs Depends on Whether a Consumer versus Investor Decision Frame Is Salient

Ensuring equal access to entrepreneurship and startup funding for both female and male entrepreneurs is crucial for societal perceptions of justice and long-term prosperity. Previous research presents contrasting findings, with some studies indicating a male advantage and others suggesting a female advantage. This research reconciles these inconsistencies by identifying decision frame as a moderator. Specifically, in crowdfunding contexts, a consumer decision frame leads to stronger reliance on communal evaluation norms, resulting in favoring female entrepreneurs who are perceived as more disadvantaged. Conversely, an investor decision frame leads to stronger reliance on exchange evaluation norms, resulting in favoring male entrepreneurs who are perceived as more determined/passionate. Based on this, the authors propose that the strategic use of an entrepreneur’s profile, activating a specific evaluation norm, or showing crowdfunding dependence, attenuates the differential support for female versus male entrepreneurs, resulting in equal support for both. Results from six studies using a multimethod design provide converging support for this framework. This research is the first to differentiate and directly compare consumer versus investor decision frames, advancing the related literature and offering valuable guidelines for entrepreneurs, funding platforms, and public policymakers.

Advancing Economic Recovery with Artificial Intelligence, Quantum Computing Technologies, and Strategic Management in Small Businesses

This abstract introduces a comprehensive approach to fostering economic recovery through the integration of cutting-edge technologies and strategic management in small businesses. In the wake of global economic challenges, the utilization of Artificial Intelligence (AI) and Quantum Computing (QC) emerges as a pivotal strategy. AI offers unparalleled capabilities in data analysis, customer engagement, and operational efficiency, empowering small businesses to adapt swiftly to market demands and optimize resource allocation. Concurrently, QC revolutionizes data processing by exponentially enhancing computational power, enabling small enterprises to tackle complex problems and innovate at unprecedented speeds. However, the effective deployment of these technologies necessitates astute strategic management. Strategic foresight and agile decision-making are crucial in harnessing AI and QC to their fullest potential, ensuring alignment with business objectives and mitigating risks. This abstract advocates for a holistic approach wherein small businesses integrate AI and QC technologies seamlessly into their operational frameworks while fostering a culture of strategic innovation. By leveraging these advancements in tandem with strategic management principles, small enterprises can not only navigate economic uncertainties but also unlock new growth opportunities, catalyzing sustainable economic recovery and long-term prosperity.

THE IMPACT OF DEBT SERVICE ON ECONOMIC GROWTH IN A SMALL ISLAND DEVELOPING STATE: A CASE STUDY OF ZANZIBAR

This study examines the relationship between Zanzibar's debt service and economic growth (GDP per capita) from 1987 to 2022. Employing a Vector Error Correction Mechanism (VECM) with time series data, we analyze the long-run impact of debt service on growth. While our results show a positive correlation, it's not statistically significant. This suggests that effective debt management, fostering investor confidence and stability, can potentially stimulate growth. The study emphasizes the importance of balanced debt strategies and informed policymaking for Zanzibar's sustainable development. It highlights the complexities of debt-growth dynamics, underlining the need for fiscal discipline and prudent debt management for long-term prosperity. This research offers valuable insights for policymakers navigating debt and economic policy in island economies.

Insights on China's economic and environmental dynamics for integrating growth and sustainability

Sustainable economic growth is vital for China to improve living standards, reduce poverty, enhance infrastructure, foster green innovation, reduce consumption of natural resources, maintain social stability, and increase global competitiveness. This paper uses the ARDL model to study the relationships over the short- and long-term between China's population dynamics, inflation, foreign direct investment, economic development, and rising carbon dioxide emissions from 1990 to 2023. The findings indicate that population expansion has a short-term negative influence on economic development, while CO2 emissions, foreign direct investment, and inflation all have beneficial effects. Population growth, CO2 emissions, and inflation all contribute positively to economic development, while FDI has long-term detrimental effects. By prioritizing policies that promote environmentally friendly practices, encourage domestic innovation, and foster inclusive economic growth, China can achieve long-term prosperity while mitigating adverse impacts on the environment and society.

The Decline and Levelling Off of Earnings Inequality: Boon or Bane for a Growing Economy?

This paper investigates evidence on deficits in economic inclusion, focussing on the labour market in Indonesia. Increasing job polarization and an accompanying rise in earnings inequality on account of technological development and globalisation over the past few decades have augmented concerns about the attainability of governments’ perennial objective of inclusive growth. However, there are circumstances in which declining or levelling earnings gaps may be more of a bane than a boon for a country’s long-term economic health. Using the particularly interesting case of Indonesia, which has reduced and subsequently levelled off its earnings inequality in the midst of impressive growth, this paper studies how structural factors and labour market policies influence dynamics of inequality. The study finds evidence of a strong role of structural characteristics, which appears to indicate that reductions in earnings inequality may be more of a bane than a boon for Indonesia’s long-term prosperity. The paper concludes with broader insights and a discussion on policy implications that extend beyond the Indonesian context.

Schadenfreude in Working Women of Lahore: A Phenomenological Study

Human beings have been gifted with a diverse and wonderful set of emotions. They have the ability to not only experience their own feelings, but also empathize with the emotions of others, such as being happy for someone who has conceived. Unfortunately, humans are not always moral or kind. Some people truly take pleasure in others' misery, as opposed to feeling compassion for them. Schadenfreude is defined as a feeling of satisfaction, pleasure or happiness brought on by witnessing another person's sorrow or misfortune. The present study aimed to explore the lived experiences and coping strategies of schadenfreude in working women. The sample consisted of six female faculty members which were recruited through purposive sampling. Phenomenological research design was used in this study. Semi-structured interviews were conducted with six faculty members. The data was analyzed using interpretative phenomenological analysis (IPA). Two sets of themes emerged from data analysis. First set of themes was related to the lived experiences of schadenfreude. The superordinate themes included social factors, personality traits, biology and upbringing, psychological indicators and organizational influences. The other set of themes was regarding the coping strategies employed by faculty to overcome schadenfreude. The superordinate themes consisted of short-te­­rm and long-term coping strategies. The findings have long-term implications it will advance our knowledge of negative emotions and the effects of interpersonal conflict on job satisfaction, stress levels, and workers' general wellbeing and therefore help to promote teamwork and long-term prosperity for the organization.

An efficient method for tracing the geographic origin of Enshi Yulu fresh tea leaves based on near infrared spectroscopy combined with synergy interval PLS and genetic algorithm

This paper applies near-infrared spectroscopy (NIRS) and multiple chemometrics to efficiently distinguish the origins of fresh tea leaves. The key components were obtained using the partial least squares discriminant analysis (PLS-DA) method. PLS, synergy interval PLS (siPLS), principal component analysis (PCA), genetic algorithm (GA), and their combination methods were used to establish NIRS non-destructive discrimination models. Then, the practical application was examined using external samples. The study identified nine key components (variable importance for the projection (VIP) > 1): epigallocatechin, epicatechin, total sugar, water extracts, total catechins, gallocatechin gallate, tea polyphenols, gallocatechin, and epigallocatechin gallate. Of the six NIRS models, the siPLS-GA model that used 37 spectral data points produced the best results (Rp2 = 0.9706, RMSEP = 0.0772, RPD = 6.59). This model had a prediction accuracy of 96.67% for the prediction set samples and 93.33% for the external samples. It offers a rapid, precise, and non-invasive approach to monitor and regulate the illicit trade of fresh tea leaves, thereby guaranteeing the authenticity of Enshi Yulu products from the processing source and fostering the long-term prosperity and stability of the Enshi Yulu tea industry.

Participatory inventory of plant-based ethnoveterinary medicine used to control internal parasites of goats in the Ngamiland region of Botswana

The effect of internal parasites on goats is of major concern, particularly in the tropics where there are limited resources and financially constrained farmers. The ethnic knowledge on controlling and treating internal parasites is of value to sustainable and organic product production which are essential for long-term prosperity of goat farmers. Using participatory approaches, this study identified and documented popular plants used by farmers to control internal parasites in goats in the Ngamiland region of Botswana. A total of 120 communal farmers were interviewed using a structured questionnaire consisting of demographic parameters and ethnobotanical information. The data was analysed using Statistical Package for the Social Sciences (SPSS) and the most popular plants were identified using fidelity levels (FL). Most of the informants were secondary educated males of 50 to 60 years and relied on livestock for their livelihoods. It was recorded that a total of 13 local plant species from 11 families are commonly used in the treatment of intestinal parasites in goats. The plant family Fabaceae (27.3 %) was common among the farmers. The roots (76.9 %) were the most frequently used plant part while decoction (46 %) was popular in medicinal preparations. The prepared plant-based medicine is often administered orally. The highest FL values were found for the following plant species; Terminalia sericea, Gnidia capitata and Aloe ferox, scoring 89.3 %, 88.0 % and 86.3 %, respectively. The safety and efficacy of these plants should be validated to inform strategic utilization and alternative cost-effective strategy in managing internal parasites in Botswana.

Future Development Strategies to Enhance National Workforce Sustainability: A Comprehensive Review

In an era marked by rapid technological advancements, shifting demographic landscapes, and evolving economic paradigms, the sustainability and competitiveness of a nation's workforce have emerged as critical determinants of its long-term prosperity. This research investigates future development strategies aimed at bolstering the national workforce, addressing key challenges and harnessing opportunities in the contemporary socio-economic milieu. Through a comprehensive review of literature, policy documents, and empirical studies, this study examines various dimensions of workforce development, including education and skill acquisition, technological integration, labor market dynamics, and policy frameworks. Drawing insights from diverse sectors and global contexts, the research identifies emerging trends, best practices, and innovative approaches to empower individuals, organizations, and governments in navigating the complexities of the 21st-century labor landscape. By synthesizing existing knowledge and proposing actionable recommendations, this study contributes to the discourse on fostering a resilient, adaptable, and inclusive workforce ecosystem essential for sustained national prosperity and societal advancement.

Porter Framework vs A More Extended Framework

Michael Porter presents a framework for defining an industry's structure to assist strategic teams in identifying the right strategy to gain a competitive advantage over rivals. This framework is based on two major axioms that determine the industry's structure. The first axiom focuses on the relationship among firms in the value chain, involving a zero-sum or distributive bargaining relationship according to Porter. The second axiom sets out that all firms in an industry are confronted with similar conditions. We defend an alternative axiom in determining the industrial structure. The assumption here is that participants in a value chain are involved in a non-zero-sum or integrative bargaining relationship. The alternative axiom that focuses more on mutual cooperation between participants in the value chain is more appropriate for the long-term prosperity of the company. It provides a better set of factors influencing a greater degree of market penetration and profits in the long run. In this paper, we add two more forces to Porter’s Framework that according to today’s business environment and context will help to create a more complete framework for analyzing the industry. We plan to use and test the framework as a basis for research in the future in order to determine the competitive advantage of businesses operating in an industry but with different means, in other words from brick-and-mortar businesses to totally virtual firms that have flourished over the past years. The modeling tools help in understanding the business potential, whereas, the value chain analysis provides help to understand where the most productive advantage is based.