National Economic Development Research Articles

Research of multimodal transport potential of major cities in China based on the satellite remote sensing

Abstract. By two or more modes of transportation to connect with each other and complete the transport process, multimodal transport could significantly improve transport efficiency, reduce costs, while promote energy conservation and emission reduction, compared with the traditional single mode of transport. Therefore, the multimodal transport development reflects the level of national or regional economic development to some extent. In this study, multimodal transport potential index was built to evaluate the possibility of multimodal transport. Remote sensing images from satellites were used to extract roads, railway stations and airports. A method was proposed to derive the road-rail transport potential index and road-air transport potential index, and then for the analysis of multimodal transport potential in 36 cities. Results show that there is a big gap among 36 cities on the development potential of road-rail and road-air transport. Compared with the road-rail transport potential index, the distribution of road-air transport potential index is more consistent among and within the seven regions. Index values of megacity and super cities are much higher than type I and II big cities. Moreover, in the 36 cities, there is a positive correlation between the multimodal transport potential index and GDP. The research results could be used to quantitatively evaluate the development of transport infrastructure, consequently provide more solid and reliable basic information for the planning, design and scheme adjustment of multimodal transport, thus comprehensively improve the efficiency and quality of multimodal transport, serve the territorial spatial planning.

Integrated Supervision Center of Huaihua International Inland Port: The Feasibility and Essentiality

Building an integrated supervision center in Huaihua is feasible and essential because Huaihua City is at the center of the border regions of Hunan, Hubei, Chongqing, Guizhou, and Guangxi. In addition, it is a national transportation hub in China because of its distinctive geographic location, abundant resources and labor force. Due to the development of Huaihua International Inland Port, Huaihua has an excellent opportunity to be a logistics and trade center for inland areas in Central China. Given considerations in national strategies, food security, economic development and other factors, an integrated supervision center can be built in Huaihua, as it can promote the connectivity of the Wuling Mountain area and the neighboring provinces, contribute to regional economic development, and enhance China’s national security and supervisory capacity. The development of Huaihua as an integrated supervision center facilitates the processing, bonded warehousing and logistics distribution of high-quality imported commodities from neighboring countries, especially ASEAN countries.

An exploration of operational efficiency, market efficiency, and sustainable development in the banking industry

AbstractSustainable development is the primary goal of the current global economic transformation. The banking industry, as an intermediary institution within the financial system, not only serves as a crucial foundation for national economic development but also plays a key role in the global transition to sustainability and a low‐carbon economy. Banks can leverage the influence of financing to direct funds towards sustainable ventures and simultaneously develop green financial products, guiding ordinary consumers to make more environmentally friendly choices. How the banking industry can effectively improve operational efficiency while considering sustainable development is one of the key focuses of ongoing development in the banking sector. The main aim of this study is to incorporate the aspect of sustainable development into the evaluation of operational efficiency, aligning with the goals of corporate sustainable development. It allows for an analysis of how decision‐makers in the banking industry can adjust resources to maintain stable and sustainable profitability while promoting sustainable development. This study selected 13 financial holding banks and 19 non‐financial holding banks in Taiwan as research subjects, covering the period from 2016 to 2021. Utilizing a meta assurance regions (AR) parallel dynamic two‐stage slacks‐based measure model with “operational stage” and “market and sustainability parallel stage,” the research explores the efficiency performance of banks considering sustainable development. It examines the differences in efficiency performance at various stages among different types of banks. The research findings are as follows: (1) among the banking industry in Taiwan, operational stage efficiency ranks the highest, followed by sustainable stage efficiency, while market stage performance lags behind. (2) Financial holding banks outperform non‐financial holding banks on average in operational stage, market stage, and sustainable stage efficiency. (3) Fubon Financial, TFH, CATHAY HOLDINGS, and SKFH are benchmark performers among financial holding banks. (4) Non‐financial holding banks exhibit a higher average technical gap ratio compared to financial holding banks, indicating that non‐financial holding banks have fewer inefficient areas to improve. However, the technical efficiency of both groups of banks approaches each other over the years. (5) In the sustainable stage, financial holding banks demonstrate superior environmental indicators and corporate treatment efficiency compared to non‐financial holding banks.

Perceived service quality and visitors' sustainable visit intentions in theme parks: empirical analysis on the THEMEQUAL scale

Theme parks, as indispensable commodities within the tourism industry, wield significant influence in fostering local and national economic development. However, despite their crucial role, there remains a dearth of comprehensive research concerning the determinants of theme park visits. Employing the THEMEQUAL scale, this study uses an ordered logit model and an in-depth interview method to investigate the effects of service quality on visitors' sustainable visit intentions (SVIs). The results show that service quality is the most pivotal determinant shaping SVIs and that the effects are moderated by COVID-19, i.e., a reduced emphasis on service quality in bolstering visitors' sustainable visit inclinations during this pandemic. In particular, the staff delivering assurances and being courteous markedly influence visitors' perceptions. This research contributes to a comprehensive interplay between service quality, COVID-19, and visitors' SVIs, providing references for policymakers and managers to develop theme park recovery policies in the post-pandemic era.

KL-SG High-Speed Rail – a catalyst for national economic development

PurposeIn an increasingly interconnected world, transportation infrastructure has emerged as a critical determinant of economic growth and global competitiveness. High-speed rail (HSR), characterized by its exceptional speed and efficiency, has garnered widespread attention as a transformative mode of transportation that transcends borders and fosters economic development. The Kuala Lumpur – Singapore (KL-SG) HSR project stands as a prominent exemplar of this paradigm, symbolizing the potential of HSR to serve as a catalyst for national economic advancement.Design/methodology/approachThis paper is prepared to provide an insight into the benefits and advantages of HSR based on proven case studies and references from global HSRs, including China, Spain, France and Japan.FindingsThe findings that have been obtained focus on enhanced connectivity and accessibility, attracting foreign direct investment, revitalizing regional economies, urban development and city regeneration, boosting tourism and cultural exchange, human capital development, regional integration and environmental and sustainability benefits.Originality/valueThe KL-SG HSR, linking Kuala Lumpur and Singapore, epitomizes the potential for HSR to be a transformative agent in the realm of economic development. This project encapsulates the aspirations of two dynamic Southeast Asian economies, united in their pursuit of sustainable growth, enhanced connectivity and global competitiveness. By scrutinizing the KL-SG High-Speed Rail through the lens of economic benchmarking, a deeper understanding emerges of how such projects can drive progress in areas such as cross-border trade, tourism, urban development and technological innovation.

MARKET RESEARCH SERVICES OF BANKS AND THEIR IMPACT ON PERCEPTION OF SERVICE USERS

Banks are still playing a very important role in our nation's economic development. They play an important role in the promotion of industry and commerce. The general aim of banks is to provide the peoples with monetary services, including business for their different plans. In India, the bank covers private banks, and the public banks, international banks, rural regional banks, and cooperative banks. They receive customer-term securities. Most banks have trained components to handle the financial requirements of short-scale industrial units in an organizational arrangement. Banking is a very complex, but exciting topic because it involves knowledge of economics, sociology, psychology, the essence of marketing, and banking concepts. It is the customer with the highest degree of influence in marketing. The motto of effectively selling bank goods is a in a technical and traditional manner to meet the needs of the customers. Bank, therefore, need to incorporate additional research and market intelligence to promote innovation to ensure the loyalty of customers and as well as to be aware of improvements market conditions (Ojha, V.K, 2004

Konsep Ekonomi Kebijakan dalam Pemerintahan Presiden Joko Widodo

This research is a literature review of the Economic Policy Package launched by President Joko Widodo in 2015. The Economic Policy Package consists of several volumes. When it was first launched, namely Volume 1, the economic policy package aimed to stimulate the real sector and drive the economy. Volume 1 of the Economic Policy Package is one of 16 economic policy packages launched until 2018. A review of the literature related to the Economic Policy Package volume 1 was conducted to identify the latest research related to economic policy packages and provide an assessment of the effectiveness of the Government's policies related to the Economic Policy Package. There are several aspects of national economic development, such as economic growth, inflation, and fiscal and monetary policies.Literature both in the form of academic studies and opinions and public perceptions of economic policy packages are explored in depth mainly by using search engines in the form of both formal and informal studies such as mass media. This study found that the literature related to Economic Policy Package Volume I is relatively limited and the discussion tends to focus on the impact of policies on capital market reactions. In addition, research on economic policy packages is dominated by quantitative approaches. In the future, it is necessary to expand the discussion of economic policy packages with broader theories, use a qualitative approach and dig deeper into the effectiveness of the economic policy packages

Research on the driving effect of marine economy on the high-quality development of regional economy – Evidence from China’s coastal areas

Exploring the driving effect of the marine economy on high-quality economic development can help improve the quality of national economic development and optimize the direction of marine economic development. Based on the data of China’s coastal areas from 2006 to 2019, this study adopts the entropy weight-TOPSIS method to comprehensively evaluate the level of marine economy and the high-quality economic development in coastal areas. Further, we use random forest regression and partial dependence plots to reveal the driving effect of the marine economy on the advancement of high-quality economic growth in China’s coastal areas. The results show that the driving effect of the marine economy on the high-quality development of coastal areas is affected by the moderating effect of the economic elements, and regions should choose their development paths according to the location of their elements in the optimal interval. Our research results can provide a scientific foundation for the formulation of differentiated economic high-quality development policies in China’s coastal areas.

Meta-Analysis: Job Satisfaction and Job Performance Moderated by National Economic Development and Performance Scales

Job satisfaction and job performance are some of the most researched topics in the organizational literature. These have prompted academics to test the strength of this relationship with meta-analysis. However, some academics state that job satisfaction contributes to job performance while others say that it might be that job performance leads to job satisfaction. The most probable explanation is that this relationship is affected by moderators and mediators. This paper tests the moderators of national economic development (developed vs developing countries) and the moderator of self vs other-rated job performance in a meta-analysis study.

Качество человеческого капитала и перспективы развития сельских территорий

The quality of human capital among rural residents, their entrepreneurial abilities, and their capacity for innova-tion play a pivotal role in creating a conducive environment for the sustainable development of rural areas. These areas are strategically significant for societal advancement and possess a multiplier effect on national economic development. A study conducted in 17 rural areas of the Tyumen region found that the low quality of human capital is one of the main weaknesses of regional development. This article aims to identify the key factors influencing the human capital in rural areas of the Tyumen region and to provide comprehensive rec-ommendations for improving it. In July 2021, 90 semi-structured interviews were conducted with heads of mu-nicipal districts and rural communities, the municipal authorities, entrepreneurs, and rural residents. The inter-view results were analyzed by experts using the SWOT analysis principle. The key factors that influence territo-rial development were identified, including strengths, weaknesses, opportunities, and threats. The relationships between these factors have also been investigated. The quality of human capital in the region is linked to 14 additional factors, with 5 of these factors identified by experts as posing threats to regional development and 9 identified as providing opportunities. Based on the data obtained, recommendations for managing the socio-economic development of the region are proposed. The findings may be of interest to regional development researchers and government officials for implementation in rural development programs.

Research on Building a Five-in-One Entrepreneurship Education System for College Students in the Context of Double Creation

With the rapid development of higher education in China, the employment of college students has become a focal point for colleges and universities. The employment of college students is not only related to the national economic development and social stability, but also to the healthy, coordinated and sustainable development of higher education. The new situation of social and economic development has brought new challenges and opportunities for college students' employment. Under the background of "mass innovation and entrepreneurship", more and more college graduates choose to start their own business to realize their life ideals and values. This paper analyzes the focus of entrepreneurship education for college students under the background of double creation and builds a "five-in-one" education system from the five aspects of education concept, education content, education method, education platform and education practice of entrepreneurship education in colleges and universities, with a view to providing references for entrepreneurship education in colleges and universities.

How Could Digital Transformation Help Medium-Sized Enterprises Access Thailand’s New Capital Market Financing (LiVEx) to Support Sustainable Growth in the Digital Economy Era?

In today’s modern era, digital transformation serves as a crucial element for organizations to gain a competitive edge and optimize their operating systems. However, medium-sized enterprises in Thailand face difficulties in accessing capital market financing, despite its significance in promoting the development of small- and medium-sized enterprises according to the 13th National Economic and Social Development Plan. One potential solution to this issue is digital transformation, which can help these enterprises achieve their strategic business objectives and find a reliable source of funding while enhancing their reputation and credibility, thereby contributing to the growth of the economy as a whole. This study utilized a mixed-methods approach to explore how digital transformation can assist medium-sized enterprises in accessing LiVEx, a new capital market for Thai SMEs. We conducted extensive research and interviewed 12 senior executives across three groups, government agencies, LiVEx-listed companies, and social associations, to develop a questionnaire and conceptual model. Data collected from 360 individuals working in medium-sized enterprises in Thailand collected using an online questionnaire were then analyzed, using CFA and SEM techniques to validate the model. Our study emphasizes the importance of digital literacy, digital usage, and digital advocacy in the success of digital transformation in accessing Thai capital market financing. These findings serve as a valuable knowledge repository for future research.

Does the Water Rights Trading Policy Improve Water-Use Efficiency? An Environmental Policy Evaluation from China

As a crucial basic natural resource, water resources are the cornerstone for sustainable national economic development. This paper takes the 2014 pilot water rights trading policy (WRT) as an entry point and uses a difference-in-differences (DID) model to test the policy effect of WRT on water-use efficiency (WUE) based on panel data for 30 Chinese provinces from 2005 to 2021. The study shows that WRT can significantly improve the regional WUE, and these results remain valid after a series of robustness tests, such as the parallel trend test, placebo test, and PSM-DID. Mechanistic analysis revealed that WRT can produce the Porter effect, which affects the WUE through technological innovation. The results of the heterogeneity analysis based on the synthetic control method (SCM) showed that WRT effectively improved WUE in Jiangxi, Henan, Ningxia, Hubei, and Guangdong, but did not achieve the expected effect in Inner Mongolia or Gansu. This paper provides solid empirical support for assessing the effectiveness of WRT and accelerating the process of establishing a unified national WRT market in China by 2025.

Research on Green Production of the Iron and Steel Industry Based on DDF-BML Model

Although the iron and steel industry serves as the pillar industry of national economic development, the negative effects of its high emission and high pollution characteristics on the environment cannot be ignored. In order to achieve the carbon peaking and carbon neutrality goals at an early time and implement five priority tasks, including cutting overcapacity, reducing excess inventory, deleveraging, lowering costs and strengthening areas of weakness, it is urgent to realize the green production of the iron and steel industry. This paper takes listed iron and steel companies from 2016 to 2019 as research samples, and applies the two-stage Malmquist index based on the directional distance function (DDF) to measure the green total factor productivity (GTFP) of iron and steel enterprises. From macro and micro perspectives, the empirical model is used to explore the main influential factors of gtfp. The empirical results show that the overall gtfp growth rate of iron and steel enterprises is not ideal, falling behind at the end of the manufacturing industry. The promotion effect of R&D investment is limited, and the environmental carrying capacity of the production cluster area is approaching the limit. Based on the above empirical results, this paper proposes the following workable implementation path to the realization of the green production of iron and steel industry: On the one hand, the iron and steel enterprises should pay attention to improve technical efficiency, constantly improve low-carbon production process, optimize industrial layout. On the other hand, the government should guide the digital and intelligent development of the iron and steel industry and strengthen supervision to ensure the safety and stability of the supply of resources in the iron and steel industry.

Globalization of Automobile Supply Chain: A Case Study Based on BYD’s Globalization strategy

With the development of global trade and the acceleration of economic globalization, it has become normal for automobile manufacturers to expand their production and sales to transnational markets. BYD is famous for its innovation in hybrid and pure electric vehicles. The company’s example provides a useful reference for studying the application and landing of new energy vehicle technology on a global scale. Through the analysis of BYD case, we can understand the role and influence of new energy technology in the globalization of automobile supply chain, which is of positive significance to promoting sustainable transportation and reducing carbon emissions. The globalization of automobile supply chain not only involves market demand and technological innovation, but also is influenced by national and regional economic development and policy support. Through the case study of BYD, we can analyze the role of national policies and economic environment in the globalization of automobile supply chain, and provide reference for formulating relevant policies and strategies.

A comparative analysis and prediction of the economic growth of Pakistan using machine learning models

This article investigates a comparative analysis of machine learning models for Pakistan's Gross Domestic Product (GDP), an important indicator of the nation's economic development. GDP is crucial to assess well-versed decisions. Since machine learning techniques are more sophisticated, much interest has been developed in predicting GDP to handle complex data patterns and enhance prediction accuracy. In this study, we evaluated the performance of a variety of machine learning algorithms like Auto-Regressive Integrated Moving Average (ARIMA), double exponential smoothing, Multilayer Perceptron (MLP), Neural Network Auto-Regressive (NNAR), and hybrid machine learning models on data from 1960 to 2022. The MLP used in Artificial Neural Networks (ANNs) outperforms based on the outcomes. This comparative analysis provides insights into the most suitable model for accurate prediction of Pakistani GDP for the years 2023 to 2032. This article provides a detailed analysis of various machine learning models used to predict Pakistan's GDP accurately. GDP prediction is an essential indicator of a nation's economic development and is crucial in making informed decisions. With the advancements in machine learning techniques, there has been a growing interest in predicting GDP due to their efficiency in handling complex data patterns and improving prediction accuracy. 

Research on Dynamic Analysis and Prediction System of Energy Economic Efficiency under Fusion Algebraic Equations

Energy is an important material basis for national economic development, and it plays a vital role in social development. As China's industrialization process and urbanization construction continues to accelerate, energy demand is also increasing, and the dependence on electricity is getting higher and higher. How to improve the electric energy efficiency under the guarantee of stable quality of power generation, transmission and distribution and meeting the requirements of users' electricity consumption is an important issue to be solved in the current power grid construction. However, the serious defects of the traditional binary hierarchy and the lack of scientific understanding have led to many current new problems with more and more new and complex features. This is accompanied by the emergence of a large number of nonlinear term coefficients and an increasing research workload, and the traditional linear programming methods cannot meet the practical needs. Therefore, this paper analyzes the eigenvalues of energy economic efficiency based on algebraic equations and predicts energy economic efficiency using EMD-BP neural network algorithm, and then carries out the design and research of economic energy system based on these two points.

Philosophical and Methodological Foundations of Economic-Mathematical Modeling in the Context of Achieving Goals of Sustainable Development and Energy Transition of The Russian Economy

In the 21st century, many countries intend to pursue the sustainable development goals, which were developed and defined by the UN General Assembly in the form of 17 interrelated objectives. The following regulated goals will ensure sustainable development in existing conditions and will form the foundation for a future development. To incorporate the energy transition process into national economic development, many countries are accepting appropriate low-carbon development strategies. The foundation of the strategy adopted in Russia is intersectoral calculations (estimates) as an environmental and climatic component. The target of this analysis is research philosophical-methodological foundations of economic-mathematical tools, which is used to identify structural changes (shifts) due to the energy transition and to ensure sustainable development of the Russian economy. Furthermore, the article shows a comparison of two models. The first of these tools is input-output tables, which is demonstrated in the report of the UN group of experts headed by V. Leontyev, and second is Meadows’ method, which is illustrated in first report of the Club of Rome. This comparison allows to justify the usage of tools, proposed by V. Leontyev, to assess the socio-economic consequences of the energy transition to provide the sustainable development of the national economy.

Analysis of the Role of Agribusiness in the Indonesian Economy

Agribusiness is an important support in national economic development. This research aims to determine the complete agribusiness system that is interrelated with economic activities. This research methodology is a literature review which is based on Indonesian government regulations. The results of this research show that agribusiness has a strategic role in the formation of GDP, employment, international trade, regional economic development, national food security, environmental preservation, and equal distribution of development results. In the development and implementation of agribusiness that is already underway, there are still many obstacles. To solve very complex economic problems, especially in the agricultural sector, Indonesia requires sharpening (focusing) economic development strategies which are expected to be able to provide solutions to existing problems. So synergy is needed in the agribusiness sector, namely between agriculture, plantations, animal husbandry, fisheries, and forestry with the development of upstream and downstream agricultural industries as well as the development of related service sectors therein.

Untangling the Security-Development Nexus of the US Military Camptowns in South Korea

ABSTRACT This study unravels how discourses and practices on national security and economic development were intertwined at different scales via the US military camptowns in South Korea. While the camptowns have been generally perceived as problematic spaces in socio-economic or ethical terms, memories of camptown residents tell a different and more nuanced story. Yongjugol in Paju, once the largest camptown in Korea, demonstrates how the dynamic nexus between security and development has been constructed and shifted through various spatial scales and how this effectively served to legitimise the exploitation of military prostitutes. However, it also notes that underlining these women’s contributions to national security and economic development leads to unwittingly legitimising the US’s imperial rule in Korea. In this regard, we argue that unravelling the inter-scalar dynamics of the security-development nexus in camptowns helps us de-fantasise the empire’s operation in Korea.