Regional Market Research Articles

Methodological Aspects of Analysis of Competition in Regional Markets of Services for Children with Disabilities

The modern development of social services markets is aimed at introducing competition mechanisms into them. These trends create the need to develop and use a methodology for assessing competition, taking into account the characteristics of each market. Existing methods for calculating various indices are labor-intensive for social markets and do not take into account their specifics: a significant share of government institutions, a narrow segment of consumers, and significant differentiation in prices for services. The article proposes a methodology for analyzing competition in the market of psychological and pedagogical support for children with disabilities, based on the use of two groups of indicators: objective and subjective indicators. To analyze subjective assessments, a coefficient of satisfaction with the price-quality ratio is proposed. Statistical indicators are used as objective assessments. The proposed methodology was tested using the example of markets for psychological and pedagogical support for children with disabilities in a number of regions of Russia. The results obtained allowed us to draw a conclusion about the state of competition in the markets under consideration and identify “problem” regions. The presented methodology allows us to obtain relatively adequate results of the analysis of competition in the market of psychological and pedagogical support for children with disabilities and can be extended to other markets in the social sphere with appropriate adjustments.

Entrepreneurship and Corporate ESG Performance—A Case Study of China’s A-Share Listed Companies

This paper examines the contemporary implications of entrepreneurship and utilizes panel data from Chinese A-share listed companies spanning 2011 to 2022. Based on the five aspects of Chinese entrepreneurship, namely “patriotism, courage to innovate, integrity and law-abiding, social responsibility, and international vision”, the findings suggest that fostering entrepreneurship enhances the environmental, social, and governance (ESG) performance of firms. Mechanism analysis indicates that green technology innovation, social performance enhancement, and governance capability optimization mediate this relationship. Furthermore, factors such as corporate market power, regional marketization processes, and advancements in artificial intelligence technology influence the link between entrepreneurship and ESG performance. Robust entrepreneurship equips firms to navigate environmental uncertainties, but entrepreneurship cannot improve corporate governance performance. This article elucidates the distinctive significance of entrepreneurship, expanding the institutional economics research perspective, offering practical insights for cultivating entrepreneurship and elucidating potential determinants of corporate ESG performance. This article also provides spiritual guidance for sustainable development.

Glimpse on Spot and Derivative Market of Electricity and Nepal’s Hydropower

Energy plays a vital role in a country’s economic development. Nepal abundantly blessed with various renewable resources like hydropower, solar energy, biogas, and biomass can achieve prosperity both economically and socially. Further, with a significant opportunities for the regional electricity market as the country has been surrounded by big powerhouses like China and India. It has huge possibilities for regional trading of renewable energy. The present total Installed capacity of power is 3157 MW in Nepal. With 95% hydropower generation, the energy mix in the Integrated Nepal Power System makes the country a surplus of electricity during the wet season when the water in the river is very high and a shortage during the dry season when the discharge in the river is minimal. Hence, to address the surplus generation during the wet season and shortage of power during the dry season, trading in the region plays a very vital role in balancing the demand and supply of the country. Nepal has been importing power during the dry season power deficit in the market during the dry season when the demand is high leaving NEA at risk of interrupting the supply to its customers. Likewise, uncertainty about clearing a bid during the wet season when the power production is high and Nepal is in the position to export the power in the regional market, as the Hydropower plant has to compete with the cheap coal power plant resulting in financial loss and uncertainty of return on investment. Hence, to tackle the mentioned financial risks, the Electricity Derivative market can be one of the best options as derivatives markets can be used to hedge against price fluctuations in electricity spot markets. Similarly, the uncertainty of power sale can be avoided by selling or buying the electricity through a derivative market for the future time period that secures the price and the amount that can be sold in the market in the future. In a nutshell, the Electricity Derivative market can be a useful mechanism for the development of hydropower in Nepal in the future.

Применение маркетинга территорий в выравнивании регионального развития

The article considers the issues of uneven development of the Russian regions. As one of the instruments for equalizing regional development, it is proposed to introduce measures in the field of territorial marketing as a means of attracting public attention to a specific territory to accelerate its further development. The stages of regional marketing formation are identified and disclosed. The paper indicates marketing measures and the expected effect from them among the areas of influence necessary for the comprehensive development of the territory. Using the example of the Bryansk region, actions in the field of territorial marketing are proposed with an indication of the expected effect.

Impacts of improved transport on regional market access

This article presents a pedagogic review and explanation of a core idea in location theory. Central to the analysis is the von Thünen model, a cornerstone of agricultural land use theory. The model is adapted to non‐uniform transport surfaces, enabling an exploration of how improved transport corridors, such as roads and canals, alter economic landscapes. The article explores the influence of enhanced transport corridors within agricultural growing regions and provides a conceptual framework for understanding the impacts of improved transport infrastructure. By examining incremental changes of varying effectiveness, we shed light on the multifaceted effects of these corridors. Using a spatial‐price equilibrium model, findings reveal and quantify how these improvements contribute to increased supply, price moderation, and cost reduction. Networks that provide full connectivity with large reductions in transport cost have the greatest effect, as might be expected, but there are subtle spatial zones displaying differential impacts.

The formation of the tourism labour market in Spain, 1955–1973

AbstractThis paper studies the process of labour market formation in the tourism industry in Spain. Results show that tourism regions diverged in their capacity to attract local labour, a factor that led to different compositions of the workforce. In the most dynamic regions, circular migration became a key factor as a result of housing shortages, seasonality and labour policy. Tourism agents promoted these flows by different mechanisms such as recruitment at origin and temporary accommodation. Migration benefited growth of firms, natives' upward mobility and migrants' accumulation of capital. However, inequality in the regional labour market and host society increased.

The Global Enclosure and the Remaking of Peasantries, 1870–1950

AbstractPeasant transformation has often been framed in dichotomous, linear, and predominantly a-historical models. This article adopts a dynamic perspective and shows how the developments that have often been regarded as constituent to the long-term process of the decline of agriculture and peasant worlds were in fact part of the spread of more diversified labour and income strategies of the peasantries. In the movement towards a worldwide enclosure of the rural worlds after 1870, a global peasantry emerged through a wide range of regional trajectories and narratives. By the first half of the twentieth century, peasant households all over the world had become heavily involved in the capitalist market economy. In this article, we argue that the (re)creation of peasantries as a social group is part of a diverse complex of reciprocal exchanges, regional and extra-regional market transactions, actions of public forces, and social conflict. Also we stress that social class formation should be understood in its specific world-historical co-ordinates using a particular set of transhistorical concepts like (re)peasantization, peasant frontiers, and peasant regimes.

Pengembangan dan Pendampingan Hilirisasi Berbasis Model Hexahelix pada Olahan Dessert dan Krupuk Susu Sebagai Produk Unggulan Desa Samar, Kecamatan Pagerwojo, Kabupaten Tulungagung

In the era of globalization, the empowerment of local potential has become increasingly important, especially at the village level. The village of Semar in Pagerwojo District, Tulungagung Regency, is a major dairy-producing area, with 60% of its population engaged in dairy farming. However, the Sri Wigati Dairy Cooperative (KUD), which has traditionally been the primary buyer of milk, is facing management issues, forcing farmers to sell their milk to private collectors with limited capacity. As a result, a significant portion of the milk goes unsold, posing a potential economic loss. To address this, a previous community service initiative taught farmers how to process milk into milk crackers, although these products have remained limited to local consumption despite their added value. Therefore, the focus must shift to the regional or national market. This community service program aims to: 1) enhance the competitiveness of local products, 2) empower the community, 3) optimize the value chain, 4) increase income, 5) develop a sustainable business model, 6) foster partnerships, and 7) improve community knowledge and skills. The outcomes of this initiative align with the established goals, marking a positive first step towards improving the welfare and economy of the Semar Village community

African and international financial markets interdependencies: Does Covid-19 media coverage make any difference?

This study examines the co-movement and time-varying integration between equity, exchange rate, and international market volatility indices across different time–frequency domains using the wavelet and dynamic conditional correlation-generalised autoregressive conditional heteroskedasticity (DCC-GARCH) model and BEKK GARCH for selected African countries. First, the findings indicate that the co-movement between equity and exchange rates during the pandemic was exacerbated by global COVID-19 media coverage. The findings indicate that there has been a substantial risk transfer between exchange rates and stock returns during the COVID-19 pandemic, resulting in a decline in domestic stock returns and subsequent capital outflows, which in turn increased the exchange rate. Given the growing difficulties in diversification, specific information on the volatility of financial market connectedness is required to plan hedging strategies. To explore the influence of global market volatility on Africa’s equity and currency markets, it is crucial to analyse the relationship between regional and global market fluctuations, especially given the negative impact of the COVID-19 pandemic. Our empirical research demonstrates that the VIX and OVXCL indices play a significant role in transmitting spillovers to currency and equity markets in Africa. This suggests that the sentiment indicators provided by the VIX and OVXCL can be useful in predicting the behaviour of Africa’s currency and equity markets

Cleaner operations “revolutionizing liquid mud plants with sustainable practices”

The global imperative for an energy transition towards cleaner and more sustainable practices is more pressing than ever. As the world seeks to reduce its reliance on fossil fuels and curb carbon emissions, industries must explore innovative solutions. One such solution is the adoption of electric forklifts, especially in sectors like oil and gas, which traditionally rely on diesel-powered machinery. This paper examines the environmental benefits of replacing diesel forklifts with electric ones, focusing on significant carbon reduction. We will discuss the various types of electric forklifts, their operational advantages, and their impact on reducing greenhouse gas emissions. Additionally, this study provides a detailed regional market analysis, including market size, growth trends, and the factors driving the adoption of electric forklifts. By highlighting the role of electric forklifts in the broader context of the global energy transition, this paper underscores their potential as a crucial component in achieving a sustainable and low-carbon future.

Global Value Chains: Sourcing Strategies for Resilience amidst COVID-19

COVID-19 has profoundly impacted the already vulnerable pharmaceutical, agricultural, and food supply chains, leading to disruptions in their sourcing processes. Hence, it is crucial to emphasize the universal imperative of enhancing resilience in Global Value Chains across various industries in today’s interconnected global economy. It seeks to explore how the COVID-19 pandemic has impacted GVCs and influenced the availability of critical resources. We have investigated the repercussions of the COVID-19 pandemic on Global Value Chains due to its widespread disruption of supply chains, which has posed immediate challenges for businesses and necessitated resilience strategies. Our research reveals a consistent relationship between impact levels observed in domestic and international contexts. Changes in domestic impact levels closely align with those observed abroad, indicating a robust positive correlation. This correlation emphasizes the interdependence of sourcing challenges across both domestic and international spheres. We propose near-shoring as a management strategy by integrating regional market trends alongside digital transformation to optimize supply chain resilience, enabling businesses to cope with fluctuations in markets and take advantage on new possibilities.

أثر إدارة سلاسل التوريد على كفاءة وتكاليف شركات النقل بالمملكة العربية السعودية

This study aims to explore the impact of supply chain management on the efficiency and costs of transportation companies in the Kingdom of Saudi Arabia. The study is of particular importance in light of the major economic transformations witnessed by the Kingdom within Vision 2030, which seeks to enhance economic diversification and improve the efficiency of various sectors, including the transportation sector. The descriptive analytical approach was used to achieve the objectives of the study. Data were collected through a questionnaire distributed to a random sample of 165 transportation companies in the Kingdom, where the sample included supply chain managers and senior management in various companies. The results showed that there is a positive and noticeable impact of effective supply chain management on improving operational efficiency and reducing costs in transportation companies. It was also shown that adopting modern technologies and developing relationships with suppliers and distributors contribute significantly to enhancing the overall performance of companies. Based on these results, the study recommends the need to invest in developing supply chain management systems and adopting modern technology to enhance efficiency and reduce costs, in addition to enhancing cooperation and communication between companies and suppliers to achieve better performance and increase competitiveness in the local and regional market.

Pengembangan dan Pendampingan Hilirisasi Berbasis Model Hexahelix pada Olahan Dessert dan Krupuk Susu Sebagai Produk Unggulan Desa Samar, Kecamatan Pagerwojo, Kabupaten Tulungagung

In the era of globalization, the empowerment of local potential has become increasingly important, especially at the village level. The village of Semar in Pagerwojo District, Tulungagung Regency, is a major dairy-producing area, with 60% of its population engaged in dairy farming. However, the Sri Wigati Dairy Cooperative (KUD), which has traditionally been the primary buyer of milk, is facing management issues, forcing farmers to sell their milk to private collectors with limited capacity. As a result, a significant portion of the milk goes unsold, posing a potential economic loss. To address this, a previous community service initiative taught farmers how to process milk into milk crackers, although these products have remained limited to local consumption despite their added value. Therefore, the focus must shift to the regional or national market. This community service program aims to: 1) enhance the competitiveness of local products, 2) empower the community, 3) optimize the value chain, 4) increase income, 5) develop a sustainable business model, 6) foster partnerships, and 7) improve community knowledge and skills. The outcomes of this initiative align with the established goals, marking a positive first step towards improving the welfare and economy of the Semar Village community.

Analysis of the effect of Regional Stock Market on the Jakarta Composite Index using Markov Regime Switching Regression

Purpose: In the current era of information, global stock market interconnections significantly influence investment decisions. Changes in one market rapidly affect others. The co-movement of stock markets presents challenges and opportunities for investors, whereas volatility spillovers complicate risk management and investment strategies. Research Methodology: This study examines the influence of the Nikkei 225, Straits Times Index, and Shanghai Composite Index on the Jakarta Composite Index across the pre-pandemic, pandemic, and post-pandemic phases. Results: Utilizing the hidden Markov model with regime-switching regression, this study identifies changes in market behavior due to economic shifts during the pandemic, revealing two regimes: synchronization and desynchronization. Limitations: Pre-COVID-19, the Jakarta Composite Index shows strong synchronization with the Nikkei 225 and Straits Times Index, while the Shanghai Composite Index has an insignificant impact. During the COVID-19 pandemic, frequent desynchronization occurred due to high uncertainty and volatility, with only the Straits Times Index significantly influencing the Jakarta Composite Index. Post-pandemic, synchronization between the JCI and regional markets strengthened again. This study highlights the consistent influence of the Nikkei 225 and Straits Times Index, while the Shanghai Composite Index remains insignificant. Contributions: This study contributes significantly to the understanding of regional stock market relationships and offers valuable insights for academia and practice.

Predictions of steel price indices through machine learning for the regional northeast Chinese market

Predictions of steel price indices through machine learning for the regional northeast Chinese market

The nonlinear impacts of macroeconomic shocks on the US regional housing markets

ABSTRACT This paper examines the asymmetrical impacts of aggregate macroeconomic shocks on the US regional housing markets by estimating nonlinear Vector Autoregressive models. We show how aggregate output, monetary, inflation, and credit shocks result in heterogenous impulse responses of the housing market volatilities across growing and declining housing market regimes in nine census divisions and 19 metropolitan cities. We find that output and inflation shocks cause qualitatively asymmetrical responses across regimes in majority of regions. A positive output shock and a negative inflation shock reduce (increase) housing price uncertainties when housing markets are in a declining (booming) regime in most regions. The responses of regional housing price volatilities to monetary and credit shocks are quantitatively asymmetrical across regimes in most regions. We also find that aggregate shocks have larger contributions on changing the probabilities of regime switching when a regional housing market is initially expanding than declining. Among aggregate shocks, inflation shock has the most prominent contributions across most regions. It also presents the strongest asymmetrical effects across positive and negative shocks. Our results can help regional decision makers utilize fiscal policies, regulatory measures, and regional planning to mitigate the destabilizing effects of macroeconomic shocks on regional housing markets.

Turning a blind eye: How local government fiscal distress affects the entry of energy-intensive enterprises

This study explores the impact of local fiscal distress on energy-intensive entrepreneurial ventures. We theoretically establish a conceptual framework between government fiscal distress and energy-intensive entrepreneurial activity through the lens of environmental regulation. Using the newly available firm registration data, we employ the Poisson regression model and find that the falling fiscal condition of county governments triggered by an exogenous tax reform significantly leads to more entry of energy-intensive enterprises. We uncover that the increased entry of energy-intensive enterprises is primarily driven by relaxing environmental regulation rather than other policy changes. Delving into firm nature, we find that these energy-intensive entrants are usually large firms and privately owned firms. Further evidence suggests that industrial agglomeration, regional marketization levels, and legal environments negatively moderate the impact of fiscal distress on the entry of energy-intensive enterprises. This paper sheds light on the potential environmental consequences of governments' fiscal distress.

The impact of economic growth targets on the level of green development-A perspective on officials’ promotion incentives and environmental regulations

Currently, China is at a critical stage of accelerating the green transformation of its economic development model, with considerable attention being paid to achieving this transformation while maintaining moderate economic growth. This study uses 271 prefecture-level cities in China from 2006 to 2020 to examine the impact of local government economic growth target constraints on the level of green economic development and to elucidate the underlying mechanisms. The results show that economic growth targets significantly inhibit the level of urban green development, with this effect being more pronounced in the economically developed eastern regions of China. Hard constraints on economic growth targets have a greater inhibitory effect on green development than soft constraints. The greater the promotion pressure on local officials, the stronger the inhibitory effect of economic growth target constraints on green development. The test of the mediation effect model reveals that economic growth targets can inhibit green development by affecting the degree of regional marketization, leading to mismatches in the capital and labor markets. Moreover, environmental regulations can mitigate the inhibitory effect of economic growth targets on green development levels. The conclusions of this study provide useful insights for local governments to optimize economic development target constraint mechanisms and accelerate high-quality green economic development.

AUTOMATION RISK OF JOBS FOR NUTS II AND NUTS III REGIONS IN TÜRKİYE

The impact of digitalization varies across countries, while subregions within countries are also affected by this process at different levels. Especially for countries aiming to reduce regional disparities, it’s essential to assess the regional consequences of digitalization. Despite a growing body of literature on digitalization and its impact on the labour market, there is limited consideration of automation risk at the local level. This paper contributes to the field of regional studies by examining spatial variations in the effects of automation in Türkiye. It potentially offers insights for crafting localized interventions that can address the unique needs of different regions. By deploying the automation risk methodology developed by Frey and Osborne, automation risks are calculated for NUTS II and NUTS III regions and to determine the impact of digital technologies on the regional labour market. The primary finding reveals that 54 percent of employees in Türkiye are at high risk of job displacement due to digital transformation. Additionally, regions and cities with a strong focus on the manufacturing sector face above-average automation risks. This underscores the need for tailored, localized national policies instead of one-size-fits-all approach, emphasizing a bottom-up, place-based strategy.

Diversification of the concept of foreign economic activity of russian banks in the new economic conditions Yulia S. Polozhentseva1

Relevance. Russian banks actively participate in international trade and economic relations. However, taking into account geopolitical and economic changes, such as sanctions and changes in trade blocs, banks need to develop strategies for effective expansion of their activities at the international level. Business planning for the geographical development of foreign trade will help banks to adapt to new market conditions, determine optimal strategies and resources for the development of export-import operations, as well as minimize risks and increase competitiveness on the world stage..The purpose is to conduct a comprehensive study of the possibilities of geographical development of the foreign economic activity of Russian banks..Objectives: analyze regional markets for their potential; to determine the main advantages and disadvantages of the activity of foreign trade of Russian banks; will identify the peculiarities of the bank's exit to the new dawn within the framework of foreign trade, draw up a business plan and determine the criteria for the success of the project.Methodology. In the process of research, general scientific methods of logical and statistical analysis, field research, as well as qualitative and quantitative analysis were used.Results. 10 Russian banks, their foreign trade development strategy and future prospects were considered. The regions in which the opening of a bank branch will be the most successful for foreign trade have been identified: Tatarstan, Primorsky Krai, Kaliningrad Oblast, Yekaterinburg. A business plan for entering a new regional market for a bank with a focus on foreign trade has been drawn up, taking into account industry specifics.Conclusion. The foreign trade development strategy allows banks to expand their client base, increase their global presence and provide their clients with access to international financial services.