State Of Market Research Articles

Evaluation of the Generic Drug User Fee Act (GDUFA) Program for Fiscal Years 2013-2022.

The effectiveness of the regulatory initiatives, strategies, and incentives put forth in the first two authorizations of the Generic Drug User Fees Act (GDUFA) were evaluated using factors including the number of Abbreviated New Drug Application (ANDA) withdrawals and first-cycle approvals. GDUFA was originally authorized in 2012 for FY 2013-2017 (GDUFA I) and reauthorized for FY 2018-2022 (GDUFA II). ANDA approvals were analyzed from the Drugs @ FDA database covering 2013-2022. From the applications, the approval time, dosage form and route of administration (ROA), product indication, market status of the product, first generic status, company and company size filing the ANDA were noted. Despite the COVID pandemic, there was more than a 40% increase in ANDA approvals during GDUFA II relative to GDUFA I. Oral and parenteral drugs were the two leading categories of approved generics during both iterations of GDUFA. There was more than a 120% increase in withdrawn applications during GDUFA II, which reflects the partial refund that is now offered to incentivize companies to withdraw inadequate applications prior to review. This also appears to have contributed to an increase in the number of first-cycle approvals, which increased by 100% between GDUFA I and II. Due to the COVID-19 public health emergency, there was a decrease in activity within the generic drug program and market. Therefore, it is important to consider this impact when observing actual trends from this study.

The persistence of labour market states in Australia

PurposeThe study investigates persistence of individuals' labour market activity with a focus on examining whether and to what extent there is genuine state dependence in six labour market states: not-in-labour-force, unemployment, self-employment, casual employment, fixed term contracts, and ongoing employment, and how the persistence and genuine state dependence of the labour market states change with education levels.Design/methodology/approachA dynamic multinomial logit model that accounts for observed and unobserved individual heterogeneity is estimated, using the first 19 waves of the Household, Income, and Labour Dynamics in Australia Survey.FindingsWhile observed and unobserved individual heterogeneity plays an important role in the persistence of each of the labour market states examined, genuine state dependence is found to be present for all the states. It is also found that the persistence and genuine state dependence of unemployment is larger among those with a low education attainment than among those with higher education.Practical implicationsThe existence of genuine state dependence of labour market states calls for early interventions to prevent people from losing jobs.Originality/valueEarlier studies often focus on persistence of a particular labour market state such as unemployment, while this study examines the persistence simultaneously of six labour market states.

Economic analysis of the production process of targeted edible fats through post-addition hydrogenation and their market applications

The fat production industry is one of the key and fast-growing components of the food sector of Uzbekistan, and therefore, it is relevant to analyse the economic part of its crucial elements. The purpose of this study was to examine the hydrogenation process from the standpoint of production cost features and pricing issues. The methods employed in the study were descriptive, systematisation, and dialectical. The study showed that the production and utilisation of targeted edible fats play a vital role in the food industry by achieving certain characteristics of other products. However, a hydrogenation procedure is often used to make the fats more efficient. The study described its essence in greater detail and evaluated the economic feasibility of the hydrogenation process. The significance of choosing the correct reactor and catalysts to maximise yield was highlighted, as well as the influence of some other characteristics on it. The study also addressed the disadvantages of the fat hydrogenation process, which has a negative impact on public health. Therefore, activities aimed at mitigating negative impacts in this industry should be carried out more actively. Furthermore, attention has also been paid to assessing the state of the edible fats market in Uzbekistan: the rapid growth rate of the industry has been noted due to the increasing revenues of enterprises engaged in the production of these products. The obtained findings can be applied by enterprises to change the principles of hydrogenation process, as well as by the state authorities to formulate a long-term policy for the development of the industry

The State of Content Marketing in Hungary and Its Possible Effects on a Specific Brand : Hungarian Experts’ Opinions

The aim of this paper is to give an overview of the state of content marketing (CM) in Hungary, its application and whether it is worth examining the effect of CM on the Brand Asset Valuator (BAV) and brand experience (BX). To investigate these issues, the author conducted individual interviews with twelve online marketing and content marketing experts in 2022. Based on the research results, it can be stated that the Hungarian practice of content marketing is typically at an initial stage, the attitude of the management of the companies is inappropriate and there are often resource limitations. According to the experts, examining the effect of CM on BAV and BX is generally relevant and reasonable. The results confirm the connection between content marketing and branding and its controlling is an important academic research area and a business issue that requires further study.

Analysis of the current state and forecasts of the development of the residential real estate market of the Republic of Kazakhstan

Purpose of the study – describe the state of the Kazakhstan residential real estate market, identify the features and trends of its development. The authors of the study pay special attention to the analysis of the main indicators characterizing the residential real estate market, as well as the processes taking place in the mortgage lending market. Methodology – the study was conducted using methods of economic and statistical analysis, graphic method, method of description and generalization. The research sources were offi cial statistical materials of the National Bank of Kazakhstan, analytical reviews of consulting companies and fi nancial organizations, the «Krisha.kz» real estate platform and the «Kn.kz» real estate information portal, scientifi c research by Kazakh and foreign authors, as well as materials of scientifi c and practical conferences. Originality / value of the study – the authors carried out a detailed analysis of the state and problems of the residential real estate market of the Republic of Kazakhstan in recent years and gave forecasts for its future development. Findings. According to the results of research and analysis of the current state of the Kazakh residential real estate market in recent years, the authors identifi ed problems and identifi ed current trends in the development of the housing market, as well as forecasts of its future development. The results of the scientifi c article can be useful for real estate agencies, industry experts, as well as the scientifi c community involved in studying the real estate market.

A comprehensive review of an electric vehicle based on the existing technologies and challenges

AbstractThis article evaluates the growing prominence of electric vehicles (EVs) driven by factors like cost reduction and increased environmental awareness. It scrutinizes EV progress, focusing on battery technology advancements, charging methods, and emerging research prospects. It also delves into the global EV market status and its future potential. With batteries being a pivotal EV component, this article offers an extensive overview of various battery technologies, spanning from traditional Lead‐acid to modern lithium‐ion batteries. Furthermore, it explores diverse EV charging standards, emphasizing battery energy management, and underscores unexplored research opportunities for both industry and academia.

Risk spillovers among global oil & gas firms

ABSTRACT This study examines the risk spillovers among the world’s top oil & gas firms, accounting for the role of environmental fiscal policies, economic policy uncertainty (EPU), and regulatory quality. We find evidence of high risk spillovers among the oil & gas firms, being more intense at the extreme market states. More highly capitalised firms are mostly net transmitters of spillovers across the different market states, but less so at the extreme market states. Net pair-wisely, the network analysis suggests that spillovers are trivial when the market is normal, but complex when it is bullish. Finally, the spillovers are driven by environmental tax and expenditures, EPU, and regulatory quality heterogeneously. These results have important implications for suitable investment decisions and policy-making.

Trends and prospects for the development of the derivatives market in Russia under sanctions

Aim. To analyze trends on the derivatives market in Russia under sanctions and identify prospects for its development.Objectives. To study the theoretical basis and functions of the derivatives market; to analyze its current state in Russia, to assess the impact of sanctions on the dynamics and structure of the derivatives market; to identify trends and determine scenarios for its development in the Russian state under sanctions; to develop recommendations to improve the efficiency and development of the derivatives market under external pressure.Methods. The author applied the methods of analysis, synthesis, generalization, comparison, analogy, historical analysis. The analysis of publications with the subsequent interpretation has been carried out, the results of research have been summarized, on the basis of which the author’s understanding of the derivatives market development trends has been derived. Comparison of the existing opinions concerning the considered problems was carried out, statistical data were investigated.Results. Under the conditions of sanctions Russian banks, financial organizations, exporters and importers faced restricted access to international markets, there were changes in demand, there were needs for new instruments. Sanctions contribute to the development and implementation of new instruments in the derivatives market. The main scientific result of the work is to identify effective approaches to the development of the derivatives market under external pressure. The results of the study can be used in the practice of financial institutions, banks and government agencies to develop strategies and development of operations with derivatives.Conclusions. The derivatives market plays an important role in the Russian economy, performing the functions of risk hedging, price formation and contributing to the predictability of financial flows, which is especially important in the conditions of sanctions pressure. An assessment of the current state of the derivatives market in Russia has revealed significant changes in its structure and dynamics. The introduction of sanctions led to the introduction of new financial instruments, sanctions stimulated innovation and development of domestic infrastructure. The role of financial market infrastructural organizations, state institutions and the Bank of Russia is increasing. There is a growing interest in local and regional hedging instruments, increasing importance of the domestic market and markets of friendly countries. The prospects for the development of the derivatives market in the Russian state look promising if a number of steps are realized. Possible development scenarios include: further strengthening of internal infrastructure, simplification of accounting procedures, development of new financial products adapted to current conditions.

Are clean energy markets hedges for stock markets? A tail quantile connectedness regression

Acknowledging the long-term potential of alternative energy sources, this paper examines the quantile frequency connectedness between clean energy markets and international stock markets, with implications related to hedging effectiveness. The main results point out that spillovers run from the US, the EU, the UK, and the Renewable Energy and Clean Technology Index to Japan and the Global Clean Energy Index. Furthermore, while the transmissions are concentrated in the short run during normal (0.5) and bull market (0.95) conditions, they extend to intermediate and long-term amid busting market (0,05 quantile) states, signifying a long-lasting impact that cannot be absorbed in the short run. Notably, clean energy index roles in information transmissions range from a net sender (Renewable Energy and Clean Technology Index), isolated (Green Bond Index), and a net receiver (Global Clean Energy Index). From a multivariant portfolio design perspective, we notice that a substantial weight should be allocated to clean energy assets, WTI, and CSI300 when compared with the rest of the financial markets. Moreover, the low (high) volatility regime yields lower (higher) weights than the ones reported in the mean state, but the results remain largely similar. Bivariant portfolio weights show that GB should have substantial weight when paired with all assets.

Job insecurity and vote for radical parties: A four-country study

Job insecurity is a pervasive phenomenon whose effects on support for different parties have attracted increasing attention in the literature. A growing body of research has assessed the relationship between job insecurity and the success of radical parties in Western democracies, but results are still inconclusive due to the complex nature of this independent variable. This article contributes new evidence to the current debates on this topic by analyzing how both objective labour market status and perceived job insecurity are associated with the vote for radical right and radical left parties. Our findings, based on four original surveys conducted in France, Germany, Greece and Spain, suggest that perceived job insecurity is generally associated with greater support for the radical left, but not for the radical right. In contrast, we find the relationship between objective labour market status and support for radical parties to be more ambiguous (and, in most cases, statistically non-significant).

Coarse graining correlation matrices according to macrostructures: financial markets as a paradigm

We analyze correlation structures in financial markets by coarse graining the Pearson correlation matrices according to market sectors to obtain Guhr matrices using Guhr’s correlation method according to P Rinn et al (2015, Europhysics Letters 110, 68 003). We compare the results for the evolution of market states and the corresponding transition matrices with those obtained using Pearson correlation matrices. The behavior of market states is found to be similar for both the coarse grained and Pearson matrices. However, the number of relevant variables is reduced by orders of magnitude.

Analysis of the efficiency of the use of labor resources in agriculture of the Republic of Kazakhstan

In the article, the authors consider the current state of the labor market in the rural sector, namely, the efficiency of the use of labor resources in agriculture through quantitative and qualitative indicators. The analysis of these indicators allows to get information about the main problems and difficulties faced by employers in the process of using labor resources. Based on the analysis, the authors note that one of the main problems of agricultural enterprises affecting the competitive capabilities of the industry is the qualification of labor resources. At the level of senior management, the provision of high-quality personnel is relative. But there are not enough middle-level specialists and working professions. The authors also note that young professionals have no interest in staying in agriculture, so there is a high turnover of personnel. The authors conclude that the rapid development of technologies of the fourth industrial revolution, including digitalization, automation, and generational change of specialists and workers in the industry are the driving forces that change the requirements for the professionalism of employees of the agricultural industry. Therefore, in order to be competitive in the labor market, it is necessary to master new competencies and skills that can make their work indispensable. To win competition with machines, it is necessary to develop the ability to communicate with different people and the ability to work in a team, to train the willingness to solve problems and the desire to think outside the box. These competencies are universal for all professional fields of activity.

Stock price overreaction: evidence from bull and bear markets

PurposeIn this paper, we provide new evidence to strengthen the stock market overreaction hypothesis by examining a new context that has not been explored before. Our research is inspired by the widely held belief that investor sentiment experiences abrupt changes from optimism to pessimism as the market switches between bull and bear states.Design/methodology/approachIf the stock market overreaction hypothesis is correct, it implies that investors are inclined to become excessively optimistic during bull markets and overly pessimistic during bear markets, resulting in overreaction and subsequent market correction. Consequently, the study first develops two testable hypotheses that can be used to uncover the presence of stock market overreaction with subsequent correction. These hypotheses are then tested using long-term data from the US market.FindingsThe study's findings support the hypothesis while also revealing a significant asymmetry in investor overreaction between bull and bear markets. Specifically, our results indicate that investors tend to overreact towards the end of a bear market, and the subsequent bull market starts with a prompt and robust correction. Conversely, investors appear to overreact only towards the end of a prolonged bull market. The correction during a bear market is not confined to its initial phase but extends across its entire duration.Research limitations/implicationsOur study has some limitations related to its focus on investigating stock market overreaction in the US market and analyzing the pattern of mean returns during bull and bear market states. Expanding our study to different global markets would be necessary to understand whether the same stock market overreaction effect exists universally. Furthermore, exploring the relationship between volatility and overreaction during different market phases would be an exciting direction for future research, as it could provide a more complete picture of market dynamics.Practical implicationsOur study confirms the presence of the stock market overreaction effect, which contradicts the efficient market hypothesis. We have observed specific price patterns during bull and bear markets that investors can potentially exploit. However, successfully capitalizing on these patterns depends on accurately predicting the turning points between bull and bear market states.Social implicationsThe results of our study have significant implications for market regulators. Stock market overreactions resulting in market corrections can severely disrupt the market, leading to significant financial losses for investors and undermining investor confidence in the overall market. Further, the existence of overreactions suggests that the stock market may not always be efficient, raising regulatory concerns. Policymakers and regulators may need to implement policies and regulations to mitigate the effects of overreactions and subsequent market corrections.Originality/valueThis paper aims to provide additional support for the stock market overreaction hypothesis using a new setting in which this hypothesis has not been previously investigated.

모바일 화장품 앱 활용현황 및 소비자의 구매행동이 구매만족도에 미치는 영향

While the mobile environment is rapidly absorbing new beauty-related information, the information of mobile cosmetics apps is playing an important role in changing women's personality, beautiful appearance, and life. The purpose of this study is to understand the characteristics of mobile cosmetics apps from this point of view, and through this, the effect of cosmetics apps' utilization status and cosmetics consumers' purchasing behavior on purchase satisfaction. This study was conducted as an empirical analysis through theoretical consideration and questionnaire method. Previous studies, academic journals, reports, and presentation data were collected and analyzed to understand the characteristics and current status of the cosmetics market, and cosmetics purchase behavior through mobile cosmetics apps was analyzed. A questionnaire was conducted and empirical analysis was conducted to analyze the cosmetics purchase behavior, satisfaction, and usage status of cosmetics apps by consumers through the app. The results of the study are as follows. The group that uses mobile cosmetics apps the most is office workers under their 20s, and the preference for cosmetics apps is Olive Young, which is rich in product information, because it is well suited to the lifestyle of the 20s. Housewives in their 50s used offline more than apps. Through this, it can be seen that people in their 20s who are familiar with smartphones use mobile cosmetics apps more than those in their 50s who have difficulty using smartphones. As a result of analyzing the factors affecting the satisfaction of purchasing cosmetics through mobile cosmetics apps, acquisition of makeup information and easy purchase channels were found to have a great influence on purchase satisfaction.

Features of employment of persons with disabilities in the Republic of Kazakhstan

In this article the authors investigate the issue of employment of persons with disabilities in the Republic of Kazakhstan. The studied foreign experience has shown that in developed countries the government develops various state programs aimed at the development of an inclusive society. The activity of these bodies is manifested in the implementation of measures that promote effective employment of persons with disabilities. The study showed that the non-profit sector also plays an important role in the adaptation of persons with disabilities in the labor market. The article shows the analysis of the state of the labor market of persons with disabilities in the Republic of Kazakhstan for the last 5 years. The authors showed the structure of the number of persons with disabilities in the context of regions of Kazakhstan, as well as crisis and emergency statuses in the context of regions The parameters of the level of social well-being of persons with disabilities in the Republic of Kazakhstan were given. The study showed the structure of employed persons with disabilities in the context of industries, as well as the factors that negatively affect the process of employment of persons with disabilities. State support for the employment of persons with disabilities depends on many factors, including socio-cultural, economic and legislative features of a particular country. The main principles of state support for persons with disabilities include the principle of equal opportunities, the principle of individual approach, the principle of inclusion, partnership and consultation and others. The authors cited the example of state social policy of Sweden and other developed countries as an example of social policy development for our country. In addition, the article shows the state measures to promote employment for persons with disabilities.

PUBLIC MANAGEMENT OF CURRENCY SECURITY IN UKRAINE: CHALLENGES AND PERSPECTIVES IN MODERN REALITIES

The article examines issues related to the effectiveness of public administration in the field of monetary security in Ukraine. The article presents general characteristics of the nature, state, and dynamics of the effectiveness of public administration in the field of currency security in Ukraine. The assessment of the current state and dynamics of the currency security indicators in Ukraine was made on the basis of the characteristics of the state monetary policy components indicators compared to similar indicators in Poland. The characteristics of exchange rate dynamics, GDP dynamics, and labour market dynamics in Ukraine and Poland are presented. The main economic factors affecting the exchange rate, namely the inflation rate and the state of the balance of trade account of the balance of payments have been considered. The main factors reducing the efficiency of Ukraine's monetary security administration are detailed. The dynamics of the indicators of the level of Ukraine's shadow economy proved to be contrary to the goals and objectives of the "Strategy of Ukraine's Economic Security until 2025". The ways to minimize the negative influencing factors and, accordingly, strengthen the implementation of monetary and credit policy and improve the efficiency of state management of monetary security of Ukraine were proposed. The development of currency circulation in Ukraine is ensured by the state's influence on monetary relations by specially authorized bodies with different legal statuses and powers. In practice, difficulties arise in the application of monetary law in the process of currency regulation. The mechanisms of interaction between state control bodies in the field of currency regulation have not yet been established, which weakens the position of the state in the currency market and hinders the process of integration into the international economic system.

Trends and prospects for the development of e-commerce in the Republic of Kazakhstan

In recent years e-commerce has begun to play a significant role in the development of a market economy. Every year, its influence grows, changing the surrounding market infrastructure and people's attitude to the new conditions of digital commerce. The purpose of the article is to determine the features and prospects of the development of e-commerce in the Republic of Kazakhstan. The domestic online sales market is considered as an object of research. The paper analyzes the current state of the e-commerce market, identifies the main trends and prospects for its development. The dynamics of the development of e-commerce in the period from 2016-2022 is presented, the main factors that have a positive impact on the growth of e-commerce, such as a high level of digitalization, the development of new digital technologies in the market of non-cash payments and others are considered. The factors that have a negative impact on the domestic online sales market have been identified: underdevelopment of the logistics infrastructure, rising inflation, an insufficiently effective mechanism for regulating online commerce and consumer protection. To assess consumer behavior in regions with a less developed e-commerce market, a survey was conducted among residents of the Abai region, which allowed to determine the prospects for the development of this market. Measures have been proposed to develop the logistics infrastructure and introduce innovative delivery methods that will contribute to the growth of the industry. The results of the work can be used in the development and implementation of programs in the field of stimulating the development of the e-commerce market and improving its infrastructure.

텍스트 마이닝을 활용한 부동산 전세 연구 경향에 대한 메타분석

To identify trends and trends in real estate Jeonse research and suggest future research directions, this study conducted a meta-analysis of 477 real estate Jeonse-related articles published in KCI-recognized journals over the past 20 years from 2003 to 2023 through network analysis and topic modeling using keyword TF-IDF, a text mining technique. The main findings of the study are as follows First, in the meta-analysis of studies by time period, the keywords 'Jeonse', 'Jeonse price', and 'apartment' appeared in all periods, and the keyword 'long-term Jeonse housing' began to appear after 2009. Based on this, it was found that the main topics of interest to researchers expanded to studies centered on rental issues such as 'Jeonse rate' and 'offset', and recently reached major social issues of Jeonse housing such as 'Jeonse deposit', 'Jeonse fraud', and 'reverse Jeonse'. In addition, the topics classified through topic modeling were named as 10 in total, and the 10 topics were classified into 3 research topic groups:“Jeonse market and status in Seoul,” “Jeonse-related laws and systems,” and “Jeonse price and market analysis.” Based on the above analysis results, we can confirm that the trend of Jeonse research is expanding to price analysis, market status analysis, and law and system analysis, and finally, it is meaningful to understand the overall research trend by focusing in detail on the central word of “real estate Jeonse research” and to present future research topics in a way to understand social issues.

Сравнительный анализ федеральной и муниципальной миграционной политики на примере муниципального образования «Город Курск» (2016 – 2022 гг.)

The scientific work is based on the correlation of migration processes with the state of the labor market and examines the impact on the balance of supply and demand. The article analyzes the dynamics of migration and emigration in the Russian Federation and the city of Kursk. Special attention was paid to the migration flows of highly qualified specialists (within the framework of the resettlement program for former fellow citizens). The regulatory framework for regulating migration within the powers of federal authorities and authorities of the subjects is considered. The features of the migration policy in modern Russia are studied. The scientific works of various authors on the topic of migration are compared and comparatively analyzed within the framework of a retrospective.

Staffing of the electric power industry of the Russian Federation under conditions of digital transformation

The article considers the problem of implementing the process of digitalization of the energy industry, using the example of the Rosseti group of companies, a partner of the state corporation Rosatom in the field of IT development, from the point of view of staffing in the current state of the labour market. The purpose of the research work is to develop relevant mechanisms, search for modern personnel management tools in the context of digital transformation of the electric grid complex of the Russian Federation. The scientific novelty of the research is reduced to the following provisions: the main directions of digitalization of an electric grid company are systematized, on the basis of which the organizational and economic mechanism of the process of digital transformation of an electric grid company is modelled; a classification of modern tools of the business process of personnel management of an electric grid company is proposed. Methodology and methods. To study trends in the digitalization process of electric grid companies, general scientific methods are used (theoretical analysis of scientific works, empirical, logical, classification and modelling methods). A review of publications is carried out, which made it possible to determine the subject area of the research work. Results. The main processes within the electric grid company that will be transformed in the process of digitalization are considered, using the example of the Rosseti Group of Companies. Taking into account the considered areas of digitalization of activities, an organizational and economic mechanism of the digitalization process of an electric grid company has been formulated, which is distinguished by the rationale for the author’s definition of digitalization on the scale of the energy industry. The role of high-quality staffing in the implementation of digital processes and activities of electric grid companies is determined and specific requirements for applicant’s characteristic of the energy industry are identified. The structure of the human resource management business process is considered, digital tools are selected for each subprocess that will help improve staffing levels and the efficiency of using labour resources of the electric grid company. Discussion. An effective personnel policy aimed at maximizing the company's staffing with qualified personnel is one of the key solutions in increasing the reliability and sustainability of the energy industry during the period of digitalization. Standard tools in the field of personnel management may not work in the context of both a demographic personnel shortage and the current migration of labour resources to the defence and military industries. Constant adaptation of the used methods and practices of personnel management is required, taking into account the digitalization of this business process and the challenges that the energy industry of the Russian Federation currently faces.