Terms Of Market Size Research Articles

A strategy for reducing skills gap for the game development sector of the Indonesian creative industries

The Indonesian creative economy has been on the rise since 2015 when it has started being measured and prioritized by the government. Its contribution towards the Indonesian GDP has risen significantly as well. A small part of that creative sector is the video game industry and market. The video game global market will be worth USD 200 Billion in 2023. Indonesia currently is ranked 16th in terms of market size. Although having an enormous market opportunity, local video game producers only contribute 1%. Growth opportunities exist, however local game studios are facing the difficulty of recruiting quality game developers. Higher education institutions need to produce graduates having the knowledge, competences, and skills relevant for their work. This study is done to identify and prioritize attributes for the design of a university level program in game development that ensures employability in the sector. A qualitative thematic analysis is done in identifying the important factors for an academic program, followed by an analytical hierarchical process in determining the factors. Result of the study shows that a curriculum with internships in game studios, ensuring students are knowledgeable on the business models & video game market, having practitioners teach in the program, and creating a community of practice in the university is essential in producing quality graduates.

TELEMEDICINE - A CRITICAL ANALYSIS OF ITS FUTURE IN INDIA

Background:There are enough statistics on the internet for current & future telemedicine usage pattern across geographies in terms of market size, consult volume, mobile penetration, enhanced network bandwidth, advancement in biomedical devices etc. On the other hand, there are enough differences of opinion because of challenges like patient experience, doctor adoption, accessibility, lack of centres, quality of connectivity, setup cost etc. Despite all the concerns pertaining to technology, experience, compliance and effectiveness, during the covid-19 pandemic, patients and caregivers, across countries, relied heavily on the platform to provide essential health care services to patients. During the Covid-19, telemedicine usage was an accessible and cost-effective approach to deliver high-quality care. Objective:To get an overview of the state of affairs for telemedicine in India and its future outlook, i.e., to understand if the usage of the telemedicine platform was a temporary phenomenon during covid-19 only or continue to stay. Further, associated queries were – Is it only for some specific specialties or is it going to be limited to some geo-regions or is it restricted to patients in a particular age group or is it a function the nature of visit (first or follow up).Apart from analysing above considerations, the paper also highlighted important features of a telemedicine platform. Finally, the paper also studied the role of government as a regulatory body as well as an enabler of telemedicine platform in India. Methodology:More than 1 year of telemedicine data for a JCI-accredited tertiary care hospital in India was studied. Additionally, physicians and patient perspective on experience and impact across multiple specialties, age group, gender and regions of the patient was further analysed. Tele-consultation trends were further compared during wave 1 and wave 2 of the covid-19. Doctor and patient experience on the usage of telemedicine were objectively assessed with questionnaires.

A conceptual and descriptive approach to capital market progression in a developing country: the Nigerian perspective

This study undertook a conceptual and descriptive approach to capital market progression in Nigeria, beginning from 1985 to 2019 using number of listed securities (a proxy for market accessibility), market capitalization (a proxy for market size), All Share Index (a proxy of market efficiency) and market depth (a proxy of ratio of market capitalization to gross domestic product (GDP) in the reference period. The period analyzed was segmented into a five year period for effective descriptive reporting purposes. Findings from the study showed that the Nigerian capital market has progressed steadily in terms of market size, efficiency and depth but was retrogressive in terms of the number of listed firms in the reference period. From the analysis, the study recommends that capital market operators and regulators should do more in the areas of listing more securities by reducing the obstacle for listing, efficiency and especially the depth of the market (increase trading in the floor) for it to effectively and efficiently provide move fund from surplus sector to deficit sector.

Fading Choice: Transport Costs and Variety in Consumer Goods

The lack of market development in remote areas is usually measured by spatial variation in prices for a given set of consumer goods. We focus instead on the way distance constrains the choices consumers can make. We construct a model of monopolistic competition between traders moving goods from market towns to rural areas. An increase in transport costs reduces consumer welfare not only through lower incomes for farm households and higher prices for manufactures but also through reduced availability of manufactures: choice fades with distance. The model allows for heterogeneity of villages in terms of market size and the distribution of income. We test the model using data from a purpose-designed survey of shops and consumers in rural villages in Ethiopia. Falling transport costs, larger market size and higher inequality dramatically raise variety of items and brands available locally. We use data on prices of matched source and destination goods to estimate similar tastes for variety across space and estimate an average markup of 10-15 percent. We use these results to estimate the welfare costs of falling variety at between 5-7 percent of expenditures on manufactured consumer goods. Our results suggest ignoring the costs of lower variety in remote places will mean that the level of poverty is underestimated while the rate at which poverty declines is underestimated as well.

Identifying the influence of the Halal logo on Muslim consumers’ attitudes using fMRI technology

Purpose Halal markets are rapidly growing in terms of market size and global coverage; therefore, there is a critical demand to have a deeper understanding of the consumption behavior of Muslim consumers. This study aims to explore the influence of using the Halal logo on Muslim consumers’ attitudes toward food products using the neuroscience technology of functional magnetic resonance imaging (fMRI). Design/methodology/approach The theory of planned behavior represents the foundation of this research, where consumer attitudes during an fMRI experiment were evaluated based on two different groups of images: images of just the Halal logo and images of meat labeled with the Halal logo. The study used the blocked design approach to track brain responses produced from displaying the two groups of images to study participants, where brain activity represents participants’ attitudes toward selecting the products. Findings There were no significant variations in brain activity when participants viewed Halal and non-Halal logos; in contrast, there were significant brain changes in the ventromedial prefrontal cortex region when meat images were labeled with Halal and non-Halal logos. This suggests that the Halal logo only has an influence on perception when it co-occurs with a product. Research limitations/implications Tracking Muslim consumption patterns is important for managers to be able to establish strategies to target Muslim consumers. This study uses a unique technique to study the behavioral attitude of a rapidly growing market segment, which can help marketing managers tailor their advertisement strategies to be more effective. Originality/value Previous research on the consumption of Halal products uses conventional approaches to study the influence of the Halal logo; however, to the best of the authors’ knowledge, this study is the first to explore the influence of the Halal logo on Muslim consumers’ attitudes using fMRI technology.

A Comparative Study of the Market Configuration of the Japanese Pharmaceutical Market Using the Gini Coefficient and Herfindahl–Hirschman Index

As of 2015, the Japanese pharmaceutical market was the world's third largest pharmaceutical market. Although previous studies have examined market differences in terms of market size and pricing policy, little is known about comparative market configurations. The present study provides a comparative analysis of pharmaceutical market configurations in Japan and five other markets. Based on data for the 100 top-selling drugs in 2014 in Japan, the United States, the United Kingdom, France, Germany, and the global market, we explored differences in market configurations using the Herfindahl-Hirschman Index, Lorenz curves, and Gini coefficients. We also investigated market trends by analyzing changes in sales, sales volume, and price. The 100 top-selling drugs accounted for a lower share of the total market in Japan, France, and Germany as compared to the United States and the United Kingdom. The market deviation of the 100 top-selling drugs indicated by the Herfindahl-Hirschman Index and Gini coefficient was smallest in Japan. Sales of most of the top-100 drugs increased in all the countries studied; however, directional price changes differed by country and sales volume trend. Our findings showed that market deviations in Japan were relatively low compared with those in other developed countries, suggesting that some of the more beneficial drugs in other developed countries obtain relatively fewer benefits from the Japanese pharmaceutical market, and some less beneficial drugs obtained more benefits.

Japan’s foreign direct investment in Russia: a big return from a small opportunity

ABSTRACTIn this paper, we demonstrate the trends and prospects of Japanese foreign direct investment (FDI) in European Emerging Markets (EEMs) against the background of the recent development of emerging markets in the world FDI flows and explore the specificities of the Russian market, the biggest EEM in terms of market size and inward FDI received. More specifically, we overview foreign capital flows from Japan to Russia and describe the achievements and problems of Japanese investors as related to business with Russia. We find that the Russian market seems to be a lucrative option for Japanese firms, despite limited institutional freedom afforded to outsiders and unfavorable investment conditions, including the language barrier due to the wide usage of Russian in the business field – factors that have been reflected in higher transaction costs.

An empirical analysis of the performance of sponsored vs non-sponsored IPOs

PurposeIndia is one of the largest IPO markets in the world. However, IPO research in the developing world is limited. The purpose of this paper is to test the performance of Indian IPOs based on sponsored vs non-sponsored issues. The authors classify the IPO sample into venture capital (VC) and private equity (PE) sponsored issues and non-sponsored ones and include key operating characteristics as performance predictors.Design/methodology/approachThe dependent variable is the buy-and-hold abnormal returns. The study uses key operating characteristics such as market capitalization, net sales, earnings before interest, taxes, depreciation and amortization, depreciation and amortization, price-to-book, asset turnover and leverage. A cross-sectional analysis is applied to test the long-run performance.FindingsSponsored IPO issues convey favourable information to investors about future earnings and prospects of the firm. The findings indicate that sponsored issues and, in particular PE sponsored issues are perceived by investors as having a positive impact on the operational performance of firms that the PE firms are involved in relative to the constituents of the index and this superior operational performance over time also leads to relatively better performing share prices. There are significant differences in terms of market size, industry classification and key operating characteristics across the three groups of issues.Research limitations/implicationsThis study has had to deal with much smaller samples of PE and VC when compared to similar studies conducted in the developed markets such as the UK and the USA. Further robustness tests on the market performance using factor models posed a problem due to limitation of the availability of these factors.Practical implicationsFor the capital markets investors and policy makers, this research demonstrates the increasingly important role that PE and VC funds play in the investment landscape in India. It exhibits the increasing investor confidence in the Indian capital markets.Originality/valueUsing a sample of Indian IPOs comprising VC sponsored and PE sponsored issues, this study analyses the performance of Indian IPOs in an emerging market setting. This study, thus, contributes to the limited IPO research undertaken in developing markets.

러시아 게임 산업의 현황과 전망

According to experts, the size of the Russian game market in 2018 will reach about $ 1.7 billion. As of July 2018, Russia has about 65.2 million gamers and is ranked 11th place in the world in terms of the size. The Chinese market is ranked the first place in the world in terms of market size. On the contrary, this means that the market has already reached saturation. Moreover, next year the ‘Shutdown’ system will be implemented in China which will cause a period of stagnation for a while. In the United States and the European games market, where the game culture has already been established to some extent, it is expected to maintain its current level if there are no special issues.BR In terms of revenue, Russia ranks 11th in the world, but it is the fifth largest market in the world, based on the total population and the number of internet users. However, the Russian game market is undervalued in many respects. Given the population who can switch to gamers all the time and the penetration and accessibility of the internet, Russia can be called a new blue ocean of the game market. It is a market that will replace the Chinese, US, and European game markets, which are already in a saturated or stagnant period. In the future, it can be regarded as one of the most promising markets in the Europe.BR In this article, we analyze the developments and changes of the Russian game market from 2010 onwards, when the Russian game industry started its full-scale development, and analyze the characteristics of the Russian game market. Based on this, we would like to infer the development potential and prospects of the Russian game industry in the future. The analytical data and forecasts of this paper can be used primarily to identify the present state of the Russian game industry. Furthermore, it will provide various information for establishing detailed strategies which relates to localization of games and its marketing when Korean companies enter the Russian game market in the future.

NASA, Astropreneurs and future markets: new models of the U.S. innovation policy for space industry

Article analyzes the changes in the space economy, as well as the U.S. federal policy for preserving American domination in this area. The evolution of the space economy in the United States is briefly considered, including formation of venture businesses since late 1990s (due to the computer and Internet revolution and development of space technologies). Of particular importance is a so-called Astropreneurship – growth of startups, developing space launch systems and spacecrafts. Amid technological factors, the main driver for the rise of Astropreneurship was a suboptimal technological and market strategy of Boeing and Lockheed Martin duopoly. It created conditions for disruptive innovation development in the industry and transition to a new, more open model of innovation processes there. Although in the 1980–1990’s federal government enacted a business-friendly regulations for the commercial space sector and set measures to support it through public procurement, a new situation in the markets and in sectoral innovation system has become a challenge for national policy, enforced by budget constraints and other factors. Catastrophe of the Columbia space shuttle in 2003, which raised the issue of maintaining independent U.S. access to the International Space Station and, in the future, to other orbital operations after shuttles’ phase-out, triggered changes in federal policies for the industry. As a result, since 2006 NASA (with some DoD support) initiated several programs to develop new space launch and delivery systems. These programs were based on the public-private partnerships with active involvement of small and medium innovative enterprises, primarily startups. The results turned out to be more significant than originally intended: formation of a new model of federal industrial and technological policy in the space sector, almost similar to the DARPA principles. The new policy assumes the role of NASA and, more broadly, the federal government as an equal (rather than a dominant) participant in space industry innovative processes and as a more active organizer of the industry`s innovation system (considering changes in its nature). Despite all activities are mission-oriented, more attention is paid to the development of complex partnerships, ecosystems, etc. – with an emphasis both on satisfaction of government needs and on ensuring market leadership of the U.S. companies. However, this new model faces sever al problems: ambiguity of federal expenditures on space- related research and development; need to restructure NASA science and technology organization; efficiency of federal efforts in support of new partners and processes – taking into account specifics of available policy instruments. The future of federal efforts will be determined by the solution of these problems and by the need to extend new model and practices to the key (in terms of market size and technology advances) segments of space economy – satellite manufacturing and the use of space data.

Antecedents and implications of territorial servitization

ABSTRACTThis paper examines the key antecedents and implications of territorial servitization in Central Europe and the Mediterranean. Territorial servitization is analyzed using 17 Spanish and 38 German NUTS-2 regions during the period 2010–14. The results indicate that, in terms of market size and economic activity, territorial servitization is significantly higher in regions with more knowledge-intensive business services (KIBS) deepening and where air and maritime transport have positive effects on territorial servitization. Interestingly, while the results confirm a positive relationship between patents and territorial servitization, patents show decreasing returns. Important implications for research, firms and policy-makers are discussed.

A Research of the Predicament of Chinese Internet Culture—Based on the Biggest Web Literature Website "Qi Dian”

Chinese web literature ushers its rapid developing period with the global networking. And all kinds of literature networks which is based on Qidian, start to make itself has an explosive expand and increase in the terms of market size and numbers of users, through various kinds of marketing methods. However, now the hidden problems increases sharply in China, which has influenced developing foreground of web literature. This paper analyzes the causes and influence of the web literature with the data analysis, and found three major problems. First is Unique issues in the data age. Second is the problem about China web VIP system. Third is the problem of web literature in too long length. We bring out these problems in order to improve the web literature in China.

Seeking Markets in Production Fields: An Assessment of the Potential for Fair Trade in India

Fair trade is one of the important alternative sustainable production and trade movements which has been able to sustain and spread across regions over time. After making a large presence in developed country markets for the products of developing world producers, more recently, it has begun marketing and selling its products in emerging economies such as Brazil, South Africa, Kenya and India, which were hitherto only producers, and sales are reported to be growing at very high rates annually though from a small base. This strategy is meant to target a segment of consumers with high disposable incomes in developing world. However, these markets could turn out to be very different from the developed country markets of fair trade in terms of market size and growth, consumer attitudes and preferences, and regulatory environment. This paper attempts to understand the evolution of fair trade, drivers of, supply of and demand for fair trade products at the global level and examines how different or similar India could be as a fair trade market. Inferences drawn from global experiences are used to assess the potential of India as a fair trade market and suggest ways to realize the potential. It examines how fair trade is placed in a market like India and the actions that might be required to develop India as an alternative market for Fairtrade-labelled products sourced from Indian producers. The overlap between organic and fair trade is one of the major aspects of the Indian market from supply side which is crucial to resolve to realize the fair trade market potential besides promotion and distribution strategies.

Empirical relationship between Foreign Direct Investment and Economic Variables of Pakistan

Empirical relationship between Foreign Direct Investment and Economic Variables of Pakistan

Portfolio Diversification Benefits of Insurance-Linked Securities

Insurance-linked securities (ILS), such as catastrophe bonds and other types of risk-linked securitization, have moved considerably closer to mainstream investments since their inception in the mid-1990s. ILS continue to grow in terms of market size, scope of products, and investor profile. Although typical investors are still insurance companies and pension funds, other investors, such as sovereign wealth funds, endowments, and high-net-worth individuals, are also included—and all are eager to enjoy the favorable diversification benefits of this unique asset class.

A Forecast of the Adoption of Wearable Technology

This research aims to quantify the current market size for wearable technology, and determine why this market has struggled over the past decade. These are products which are worn on the body and enhanced using electronics. Forecasts have been made as to how this wearable technology is likely to develop in terms of market size and product design or function. It is predicted that in five years the wearable technology market will be several times larger than it is currently, and entertainment devices will overtake fitness to become the largest product category. Medical devices will be used to reduce healthcare costs by monitoring patients within their own home and wearable technology will allow businesses to improve customer relations and productivity.

Port privatization in an international oligopoly

We investigate the effects of port privatization on port usage fees, firm profits, and welfare. Our model consists of an international duopoly with two ports and two markets. When the unit transport cost is high, port privatization reduces port usage fees, although neither government has an incentive to privatize its port. The equilibrium governmental decisions are inconsistent with the desirable outcome if the unit transport cost is not high enough. The government of the smaller country, in terms of market size, is more likely to privatize its port, and the government of the larger country is more likely to nationalize its port to protect its domestic market.

The Impact of Unilateral Climate Policy with Endogenous Plant Location and Market Size Asymmetry

AbstractThis paper analyses the impact of unilateral climate policy on firms' international location strategies in emission‐intensive sectors, when countries differ in terms of market size. The cases of both partial and total relocation via foreign direct investment are separately considered. A simple international duopoly model highlights the differences between short‐term and long‐term effects. In the short‐term no change in location is a likely outcome in very capital‐intensive sectors and, when there is a strategy shift, this takes the form of partial rather than total relocation. In the long‐run total relocation becomes a feasible outcome. However, when tighter mitigation measures are introduced by the larger country and unit transport cost is high, with a pronounced market asymmetry, the probability of firms not relocating abroad is high even in the long‐term. The welfare implications of unilateral environmental measures are assessed considering global industrial pollution and accounting for shifts in location strategy.

Parallel Trade and its Ambiguous Effects on Global Welfare

AbstractThe regulation of parallel trade is a fiercely debated issue in the global trading system. This paper investigates the welfare effects of parallel trade freedom for different levels of trade costs and market size. It is found that parallel trade freedom has a positive effect on global welfare if countries are sufficiently heterogeneous in terms of market size and trade costs are sufficiently low. Contrary to intuition, this result even holds in a situation where parallel trade freedom implies the closure of the smaller market. If, however, countries are virtually homogenous in terms of market size, parallel trade freedom may be detrimental to global welfare for specific levels of trade costs.

Multilateral Stability and Efficiency of Trade Agreements: A Network Formation Approach

We study the endogenous network formation of bilateral and multilateral trade agreements by means of hypergraphs and introduce the equilibrium concept of multilateral stability. We consider multi-country settings with a firm in each country that produces a homogeneous good and competes as a Cournot oligopolist in each market. Under endogenous tariffs, we find that the existence of a multilateral trade agreement is always necessary for the stability of the trading system and that the formation of preferential trade agreements is always necessary for achieving global free trade. We also find that global free trade is efficient but not necessarily the only multilaterally stable trade equilibrium when countries are symmetric (heterogeneous) in terms of market size. We derive conditions under which such a conflict between overall welfare efficiency and stability occurs.