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Towards A Society with a More Fair Economy or an Economy with a More Social Face: The Contribution of Scientific Social Knowledge to the Alternative Models of Socioeconomic Development -A Book Review 走向一个更公平的经济或更具社会性的经济:科学社会知识对社会经济发展替代模型的贡献——书评
Pub Date : 2018-10-25 DOI: 10.2047/ijltfesvol8iss1-1386-1387
Manuel Ferreira
The objective of this work is the book “Towards a Society with a More Fair Economy or an Economy with a More Social Face: The Contribution of Scientific Social Knowledge to the Alternative Models of Socioeconomic Development”, 978-1-63482-948-9, from Nova Science Publishers Series Economic Issues, Problems and Perspectives .
这项工作的目标是“走向一个更公平的经济社会或一个更具社会面貌的经济:科学社会知识对社会经济发展的替代模型的贡献”,978-1-63482-948-9,来自新星科学出版社系列经济问题,问题和观点。
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引用次数: 0
From Manufacturing to Advanced Services: The (Uneven) Rise and Decline of Mediterranean City-Regions 从制造业到先进服务业:地中海城市区域的(不均衡)兴衰
Pub Date : 2018-10-25 DOI: 10.2047/IJLTFESVOL8ISS1-
L. Salvati
Uneven changes in the global urban hierarchy have given way to new forms of relationships between urban and rural areas based on complementarities, cooperative and specialized exchange of services and goods, abandoning the additive processes of growth guided by industrialization and urbanization. Representing a distant notion from traditional concepts in regional studies such as 'compact cities' or 'suburbs', 'gravitation' or 'hierarchy', the 'city-region' paradigm has stimulated different visions to be recomposed within the 'sustainability' framework. With global changes, the 'mega-city region' model has starting to take the lead in the development of contemporary urban agglomeration. In this study, considerations over the emergence of this urban model in the Mediterranean region will be presented to investigate the relationship between dispersed urbanization and consolidating southern European city-regions. While Mediterranean cities have been considered for long time as ‘ordinary’ cities, rather distant from the 'globalized' northern urban models, most of these cities are characterized by distinctive socioeconomic traits possibly open to competition and globalization. The present contribution describes the emergence of a Mediterranean urban area, Athens, as a new 'city-region' in the context of urbanization processes in Greece and in the Mediterranean basin as a whole. One of the clearest indications of urban competitiveness amongst emerging and established large city-regions is the fight for hosting mega-events. The final objective of the study is to understand how the efforts for increasing urban competitiveness are impacting new forms of city-regions, mainly based on low-density settlements reflecting discontinuous urbanization.
全球城市等级的不平衡变化已经让位于以服务和货物的互补性、合作和专门交换为基础的城乡关系的新形式,放弃了工业化和城市化指导下的附加增长过程。“城市-区域”范式代表着与区域研究中的传统概念(如“紧凑型城市”或“郊区”、“引力”或“等级”)相距甚远的概念,它激发了不同的愿景,在“可持续性”框架内进行重组。随着全球格局的变化,“特大城市区域”模式开始在当代城市群发展中占据主导地位。在本研究中,对地中海地区出现的这种城市模式的考虑将被提出,以调查分散的城市化与巩固的南欧城市地区之间的关系。虽然地中海城市长期以来一直被认为是“普通”城市,与“全球化”的北方城市模式相距甚远,但这些城市中的大多数都具有独特的社会经济特征,可能对竞争和全球化开放。目前的贡献描述了地中海城市地区雅典的出现,作为希腊和整个地中海盆地城市化进程背景下的一个新的“城市区域”。新兴和成熟的大城市地区之间的城市竞争力最明显的迹象之一是举办大型活动的竞争。本研究的最终目标是了解提高城市竞争力的努力如何影响城市区域的新形式,主要基于反映不连续城市化的低密度住区。
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引用次数: 0
Cultural Tourism in a Digital Era - First International Conference IACuDiT, Athens, 2014 - A Book Review - 数字时代的文化旅游——第一届国际学术会议,雅典,2014
Pub Date : 2018-10-25 DOI: 10.2047/IJLTFESVOL8ISS1-1390-1392
Manuel Ferreira
The objective of this work is the book “Cultural Tourism in a Digital Era (First International Conference IACuDiT, Athens, 2014) ”, 9783319158587 (print), 9783319158594 (online), DOI:  10.1007/978-3-319-15859-4 , from Springer Series Springer Proceedings in Business and Economics, 2198-7246,  review.
这项工作的目标是“数字时代的文化旅游(第一届国际会议IACuDiT,雅典,2014)”,9783319158587(印刷),9783319158594(在线),DOI: 10.1007/978-3-319-15859-4,来自Springer系列Springer Proceedings in Business and Economics, 2198-7246, review。
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引用次数: 0
Option Pricing in Stochastic Volatility Models Driven by Fractional Jump-Diffusion Processes 分数阶跳跃-扩散过程驱动的随机波动率模型中的期权定价
Pub Date : 2018-10-25 DOI: 10.2047/ijltfesvol8iss1-1374-1385
Omid Jenabi, Nazar Dahmardeh Ghale No
In this paper, we propose a fractional stochastic volatility jump-diffusion model which extends the Bates(1996) model. Where we model the volatility as a fractional process. Extensive empirical studies show that the distributions of the logarithmic returns of financial asset usually exhibit properties of self-similarity and long-range dependence and since the fractional Brownian motion has these two important properties, it has the ability to capture the behavior of underlying asset price. Further incorporating jumps into the stochastic volatility framework gives further freedom to financial mathematicians to fit both the short and long end of the implied volatility surface. We propose a stochastic model which contains both fractional and jump process. Then we price options using Monte Carlo simulations along with a variance reduction technique(antithetic variates). We use market data from the S&P 500 index and we compare our results with the Heston and Bates model using error measures. The results show our model greatly outperforms previous models in terms of estimation accuracy.
本文提出了一个分数阶随机波动跳-扩散模型,它扩展了Bates(1996)模型。我们将波动性建模为一个分数过程。大量的实证研究表明,金融资产的对数收益分布通常表现出自相似和长期依赖的特性,由于分数布朗运动具有这两个重要的特性,它具有捕捉标的资产价格行为的能力。将跳跃进一步纳入随机波动率框架,使金融数学家能够更自由地拟合隐含波动率表面的短端和长端。我们提出了一个包含分数过程和跳跃过程的随机模型。然后,我们使用蒙特卡罗模拟和方差减少技术(对偶变量)为期权定价。我们使用标准普尔500指数的市场数据,并使用误差度量将我们的结果与赫斯顿和贝茨模型进行比较。结果表明,我们的模型在估计精度上大大优于以往的模型。
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引用次数: 0
Pensions: Global Issues, Perspectives and Challenges - A Book Review 《养老金:全球问题、展望与挑战》书评
Pub Date : 2018-10-25 DOI: 10.2047/IJLTFESVOL8ISS1-1388-1389
J. Filipe
The objective of this work is the book “Pensions: Global Issues, Perspectives and Challenges”, 2017, 978-1-53612-467-5, from Nova Science Publishers Series Business Issues, Competition and Entrepreneurship . The editor is Alexandra Webb.
这项工作的目标是“养老金:全球问题,观点和挑战”,2017年,978-1-53612-467-5,来自新星科学出版社系列商业问题,竞争和创业。编辑是亚历山德拉·韦伯。
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引用次数: 2
Mathematical Methods and Models in Economic Planning, Management and Budgeting (Second Edition) -A Book Review- 经济计划、管理和预算中的数学方法和模型(第二版)-书评
Pub Date : 2017-11-12 DOI: 10.2047/IJLTFESVOL7ISS2-1358-1359
Manuel Ferreira
The book “Mathematical Methods and Models in Economic Planning, Management and Budgeting (Second Edition)” 9783662451427 (online) 9783662451410 (print), DOI : 10.1007/978-3-662-45142-7 is object of reviewing in this work.
《经济规划、管理和预算中的数学方法和模型(第二版)》9783662451427(在线)9783662451410(印刷),DOI: 10.1007/978-3-662-45142-7是本工作的审查对象。
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引用次数: 0
Sport Events Tourism: An Approach to the Portuguese Case 体育赛事旅游:以葡萄牙为例
Pub Date : 2017-11-12 DOI: 10.2047/IJLTFESVOL7ISS2-1320-1335
T. Palrão, J. Filipe
Sports events assume a major importance in tourism. This relevance results particularly from the fact that there are numerous disciplines that can be practiced and nowadays tourists are traveling around the world to participate in multiple sport events. Considering that, it becomes imperative to study the different types of involvement that tourists may have in all of the involved processes. Particularly, Portugal is a country holding excellent natural conditions for Tourism and for the practice of a considerable number of different sporting activities, many of them possible to be held all year round.  This study´s intention is to define a framework model which will allow the understanding of the main touristic motivations for tourists’ participation in sports events activities, particularly considering the Gammon & Robinson’s (1997) classification and Weed & Bull (2004). The main objective of the study is to create a consistent theoretical basis for the study of these events. There is already a possible outcome for the study based on its present stage resulting that, according to either the responsible agents for the sector and the ones for the specific described events, sports events in Portugal have been increasing and that Portugal is being much demanded for this kind of events.
体育赛事在旅游业中占有重要地位。这种相关性尤其来自这样一个事实,即有许多学科可以实践,现在游客正在世界各地旅行,参加各种体育赛事。考虑到这一点,有必要研究游客在所有相关过程中可能参与的不同类型。特别是,葡萄牙是一个拥有良好自然条件的国家,适合旅游业和开展大量不同的体育活动,其中许多活动可以全年举行。本研究的目的是定义一个框架模型,该模型将允许理解游客参与体育赛事活动的主要旅游动机,特别是考虑到Gammon和Robinson(1997)的分类和Weed和Bull(2004)。本研究的主要目的是为研究这些事件建立一个一致的理论基础。根据目前阶段的研究,已经有一个可能的结果,根据该部门的负责代理和具体描述的事件的代理,葡萄牙的体育赛事一直在增加,葡萄牙对这类事件的需求很大。
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引用次数: 3
Recession and value of new dwellings: Changes in the spatial structure of Greece, 2003-2015 经济衰退与新住宅价值:2003-2015年希腊空间结构的变化
Pub Date : 2017-11-12 DOI: 10.2047/ijltfesvol7iss2-1313-1319
M. Zitti, L. Salvati
Recent economic dynamics in southern Europe have been influenced by multifaceted processes with important spatial outcomes. Construction industry has been one of the productive sectors with the most relevant crisis-driven changes in Greece, probably the most affected country in Europe. With the aim to provide a quantitative analysis offering a comprehensive knowledge of regional-scale dynamics in construction industry during expansion and recession times, the present study investigates spatial variations over 2003-2015 in the value of new dwellings, supplemented with other indicators of building activity (number of permits, average building surface, number of floors), at the scale of Greek prefectures. A data mining framework based on principal component analysis and non-parametric correlations with background socioeconomic indicators was developed to identify spatial patterns in building activity during economic expansion (2003-2009) and crisis (2009-2015). According to building permit data, the average value of new dwellings' per surface area increased in a spatially-heterogeneous fashion across the country, with a substantial difference in growth rates between the two investigated time intervals. During expansion, new dwellings' value increased across the country with a slight decline in two regions and a considerable growth in one region. During recession, new dwellings' value decreased in one region and increased markedly in four regions, being relatively stable in the rest of the country. In 2003, the highest values of new dwellings were spatially associated with economically-dynamic districts characterized by agglomeration economies, upper urban functions, and transport accessibility. With crisis, the spatial distribution of dwellings' value was more heterogeneous and not associated to specific background factors, with the highest increase observed in accessible rural districts and coastal areas with tourism specialization. Further investigation on the role of economic cycles in house value spatial trends is particularly required for designing effective post-crisis development measures.
南欧近期的经济动态受到具有重要空间结果的多方面进程的影响。建筑业一直是希腊(可能是欧洲受影响最严重的国家)最相关的危机驱动变化的生产部门之一。为了提供定量分析,全面了解建筑业在扩张和衰退时期的区域尺度动态,本研究调查了2003-2015年新住宅价值的空间变化,并补充了希腊各县规模的其他建筑活动指标(许可数量、平均建筑面积、楼层数)。基于主成分分析和与背景社会经济指标的非参数相关性,开发了一个数据挖掘框架,以识别经济扩张(2003-2009)和危机(2009-2015)期间建筑活动的空间格局。根据建筑许可数据,新住宅的每表面积的平均价值在全国范围内以空间异质性的方式增长,两个调查时间间隔之间的增长率存在很大差异。在扩张期间,新住宅的价值在全国范围内都有所增加,其中两个地区略有下降,一个地区大幅增长。在经济衰退期间,新住宅的价值在一个地区下降,在四个地区显著上升,在全国其他地区相对稳定。2003年,新住宅的价值在空间上与以集聚经济、上层城市功能和交通可达性为特征的经济动态区域相关。危机发生时,住宅价值的空间分布更具异质性,与特定的背景因素无关,在可达的农村地区和旅游专业化的沿海地区,住宅价值的增长幅度最大。为了设计有效的危机后发展措施,特别需要进一步调查经济周期在房屋价值空间趋势中的作用。
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引用次数: 1
Conservation laws derived from systemic approach and symmetry 守恒定律来源于系统方法和对称性
Pub Date : 2017-11-12 DOI: 10.2047/IJLTFESVOL7ISS2-1307-1312
G. Klinkova, M. Grabinski
We prove mathematically for the first time that a conserved value must exist in economics. We derive it by using symmetry arguments in the systemic approach. Recently, it has been shown that a conserved value and its rigorous application can avoid any form of financial crises. So it is proven that a financial crisis is for sure avoidable without any other economic sacrifices.
我们首次从数学上证明了经济学中一定存在守恒值。我们用系统方法中的对称参数推导出它。最近的研究表明,一个保守值及其严格的应用可以避免任何形式的金融危机。因此,事实证明,在没有任何其他经济牺牲的情况下,金融危机肯定是可以避免的。
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引用次数: 6
Enhancing customer service in Commercial Banks in India using the Balanced Scorecard technique 利用平衡计分卡技术提高印度商业银行的客户服务
Pub Date : 2017-11-12 DOI: 10.2047/ijltfesvol7iss2-1336-1343
S. Visalakshi, Dr. R. Kasilingam
In today’s competitive environment, customer satisfaction has become a cornerstone for gauging bank performance and profitability. The banking environment is becoming more and more competitive and banks are striving to bring about a competitive edge in their marketing efforts to surge ahead in competition. The customer has become an important source of business and profits for the banks. In order to remain competitive and profitable, banks are making efforts to increase their customer base by developing strong relationships with their customers and by offering efficient services. Business processes are important because they have a great impact on customer satisfaction. The study concludes that focusing on process improvements will help the bank to maintain a competitive edge in the market by satisfying the customer needs efficiently. Improvements in the quality of product, innovations in products and sound risk management and compliance procedures will add to the satisfaction levels of the customer.
在当今竞争激烈的环境中,客户满意度已成为衡量银行业绩和盈利能力的基石。在竞争日益激烈的银行环境中,各银行都在努力使自己的营销工作具有竞争优势,从而在竞争中脱颖而出。客户已成为银行重要的业务和利润来源。为了保持竞争力和盈利能力,银行正在努力通过与客户建立牢固的关系和提供高效的服务来增加客户基础。业务流程很重要,因为它们对客户满意度有很大的影响。研究得出结论,专注于流程改进将有助于银行通过有效地满足客户需求来保持市场竞争优势。产品质量的改进、产品的创新以及健全的风险管理和合规程序将提高客户的满意度。
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引用次数: 0
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The International Journal of Latest Trends in Finance and Economic Sciences
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